Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 205

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 205
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 experience provides the basis for the estimation of expected credit losses, adjustments to historical loss information may be made for differences in current portfolio-specific risk characteristics, environmental conditions or other relevant internal and external factors. While management utilizes its best judgment and information available, the ultimate adequacy of the Corporation's allowance for credit losses account is dependent upon a variety of factors beyond the Corporation's control, including the performance of the Corporation's loan portfolios, the economy, changes in interest rates, and the view of the regulatory authorities toward classification of assets. The adequacy of the allowance for credit losses is subject to a formal analysis by the Credit Administration and Finance Departments of the Corporation. For additional information regarding the Corporation's accounting policies related to credit losses, refer to Note 1, "Summary of Significant Accounting Policies," to the consolidated financial statements in the 2024 Form 10-K and Note 4, "Loans Receivable and Allowance for Credit Losses," to these condensed consolidated financial statements elsewhere in this report.

The tables below provide an allocation of the allowance for credit losses on loans receivable by loan portfolio segment at June 30, 2025 and December 31, 2024; however, allocation of a portion of the allowance for credit losses to one segment does not preclude its availability to absorb losses in other segments.

June 30, 2025Amount of Allowance AllocatedPercent of Loans in Each Category to Total Loans ReceivableTotal Loans ReceivableRatio of Allowance Allocated to Loans Receivable in Each CategoryFarmland$157 0.61 %$29,087 0.54 %Owner-occupied, nonfarm nonresidential properties4,527 11.00 520,722 0.87 Agricultural production and other loans to farmers37 0.13 6,244 0.59 Commercial and Industrial8,343 15.00 709,896 1.18 Obligations (other than securities and leases) of states and political subdivisions1,328 2.83 134,062 0.99 Other loans414 0.99 46,680 0.89 Other construction loans and all land development and other land loans2,735 6.30 298,037 0.92 Multifamily (5 or more) residential properties2,605 10.08 476,987 0.55 Non-owner occupied, nonfarm nonresidential properties10,389 22.