Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 0

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
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Item 1. Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

Dollars in thousands, except share data

(unaudited)June 30, 2025December 31, 2024ASSETSCash and cash equivalents due from banks$88,721 $63,771 Interest-bearing deposits with Federal Reserve332,214 375,009 Interest-bearing deposits with other financial institutions4,476 4,255 Total cash and cash equivalents425,411 443,035 Debt securities available-for-sale, at fair value (amortized cost of $562,411 and $520,223, respectively)523,198 468,546 Debt securities held-to-maturity, at amortized cost (fair value of $253,607 and $282,970, respectively)270,032 306,081 Equity securities10,937 10,456 Loans held for sale833 762 Loans receivableSyndicated loans78,936 79,882 Loans4,654,484 4,529,074 Total loans receivable4,733,420 4,608,956 Less: allowance for credit losses(48,329)(47,357)Net loans receivable4,685,091 4,561,599 FHLB and other restricted stock holdings and investments42,192 40,702 Premises and equipment, net74,529 76,011 Operating & finance lease right-of-use assets54,651 52,715 Bank owned life insurance118,431 117,579 Mortgage servicing rights1,107 1,251 Goodwill and other intangibles43,874 43,874 Core deposit intangible, net173 206 Accrued interest receivable and other assets68,018 69,193 Total Assets$6,318,477 $6,192,010 LIABILITIES AND SHAREHOLDERS' EQUITYNoninterest-bearing demand deposits$855,788 $819,680 Interest-bearing demand deposits698,902 706,796 Savings3,162,515 3,122,028 Certificates of deposit749,877 722,860 Total deposits5,467,082 5,371,364 Subordinated debentures20,620 20,620 Subordinated notes, net of unamortized issuance costs84