Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 200

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 200
---
 industry concentrations, and to identify any concentration risk issues that could lead to additional credit loss exposure. An important and recurring part of this process involves the Corporation's continued measurement and evaluation of its exposure to the office, hospitality, and multifamily industries within its commercial real estate portfolio. Even given the Corporation's historically sound underwriting protocols and high credit quality standards for borrowers in the commercial real estate industry segments, the Corporation monitors numerous relevant sensitivity elements, including occupancy, loan-to-value, absorption and cap rates, debt service coverage and covenant compliance, and developer/lessor financial strength both in the project and globally. 

At June 30, 2025, the Corporation had the following key metrics related to its office, hospitality and multifamily portfolios:

•Commercial office loans:

◦There were 113 outstanding loans, totaling $111.1 million, or 2.35% of total Corporation loans outstanding;

◦There were no nonaccrual commercial office loans;

◦There were two past due commercial office loans that totaled $209 thousand, or 0.19% of total commercial office loans outstanding; and

◦The average outstanding balance per commercial office loan was $983 thousand.

•Commercial hospitality loans:

◦There were 156 outstanding loans, totaling $321.2 million, or 6.79% of total Corporation loans outstanding;

◦There were no nonaccrual commercial hospitality loans;

◦There were no past due commercial hospitality loans; and

◦The average outstanding balance per commercial hospitality loan was $2.1 million.

•Commercial multifamily loans:

◦There were 223 outstanding loans, totaling $405.4 million, or 8.57% of total Corporation loans outstanding;

◦There was one nonaccrual and past due commercial multifamily loan that totaled $199 thousand, or 0.05% of total multifamily loans outstanding; and

◦The average outstanding balance per commercial multifamily loan was $1.8 million.

54

The following table summarizes the geographic region (based upon metropolitan statistical areas) in which the commercial office, hospitality and multifamily loans were originated as of June 30, 2025:

 June 30, 2025Commercial OfficeGeographic Region:Buffalo, NY32.77 %Cleveland, OH30.06 Cincinnati, OH9.89 Erie-Meadville, PA5.78 All other geographical regions21.50 Total Commercial Office100.00 %Commercial Hospitality