Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 263

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 263
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 for the three and six months ended June 30, 2025, compared to $2.6 million and $3.9 million for the three and six months ended June 30, 2024. Included in the provision for credit losses for the three and six months ended June 30, 2025 was $63 thousand and $180 thousand related to the allowance for unfunded commitments compared to $87 thousand and $63 thousand towards the allowance for unfunded commitments for the three and six months ended June 30, 2024.

DEPOSITS

The Corporation's sources of funds are deposits, borrowings, amortization and repayment of loan principal, interest earned on or maturation of investment securities, and funds provided from operations. The Corporation considers deposits to be its primary source of funding in support of growth in assets.

June 30, 2025Percent of Deposits in Each Category to Total DepositsDecember 31, 2024Percent of Deposits in Each Category to Total DepositsPercentage Change in Each Category 2025 vs. 2024Demand, noninterest-bearing$855,788 15.7 %$819,680 15.2 %4.4%Demand, interest-bearing698,902 12.8 706,796 13.2 (1.1)Savings deposits3,162,515 57.8 3,122,028 58.1 1.3Time deposits749,877 13.7 722,860 13.5 3.7Total deposits$5,467,082 100.0 %$5,371,364 100.0 %1.8%

At June 30, 2025, total deposits were $5.5 billion, reflecting an increase of $95.7 million, or 1.78%, from December 31, 2024. The increase in deposit balances was driven by higher retail and municipal deposits, coupled with growth in retail time deposits.

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The following table sets forth the average balances of and the average rates paid on deposits for the periods indicated. 

 Three Months Ended June 30, 20252024 AverageAmountAnnualRateAverageAmountAnnualRateDemand, noninterest-bearing$829,328 — %$761,270 — %Demand, interest-bearing707,932 0.97 713,431 0.76 Savings deposits3,107,520 3.