Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 49

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 49
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 as security for any advances.Total loans pledged to the FHLB at June 30, 2025, and December 31, 2024 were $2.3 billion and $2.1 billion, respectively. The Bank could obtain advances of up to approximately $1.3 billion from the FHLB at June 30, 2025 and $1.2 billion at December 31, 2024.At June 30, 2025 and December 31, 2024, there were no outstanding advances from the FHLB:June 30, 2025December 31, 2024Open Repo borrowing at an interest rate of 4.71% and 4.71% at June 30, 2025 and December 31, 2024, respectfully. The maximum amount of the Open Repo borrowing available is $250,000.$— $— Total$— $— At June 30, 2025 and December 31, 2024, municipal deposit letters of credit issued by the FHLB on behalf of the Bank naming applicable municipalities as beneficiaries were $159.2 million and $157.7 million, respectively. The letters of credit were utilized in place of securities pledged to the municipalities for their deposits maintained at the Bank.

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Federal Reserve BorrowingsIn June 2023, the Bank was approved by the Federal Reserve Bank of Philadelphia (the "Federal Reserve") for its Borrower-in-Custody ("BIC") program. At June 30, 2025, the Bank had borrowing capacity through the Federal Reserve BIC program of $229.4 million. Borrowings under the BIC program are overnight advances with interest chargeable at the discount window ("primary credit") borrowing rate. At June 30, 2025, the Bank had pledged certain qualifying loans with an unpaid principal balance of $237.2 million and securities with a carrying value of $77.6 million as collateral.At June 30, 2025 and December 31, 2024, the Bank had no borrowings from the Federal Reserve BIC program and discount window.Other BorrowingsAt June 30, 2025 and December 31, 2024, the Bank had no outstanding borrowings from unaffiliated institutions under overnight borrowing agreements.Subordinated DebenturesIn 2007, the Corporation issued two $10.0 million floating rate trust preferred securities