Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 142

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 142
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2.31 Other revolving credit plans41,784 0.88 41,095 0.89 Automobile18,882 0.40 20,961 0.45 Other consumer50,974 1.08 53,821 1.17 Credit cards13,867 0.29 13,143 0.29 Overdrafts155 — 257 0.01 Total loans receivable$4,733,420 100.00 %$4,608,956 100.00 %Less: Allowance for credit losses(48,329)(47,357)Loans receivable, net$4,685,091 $4,561,599 Net deferred loan origination fees included in the above table$155 $49 

14

The Corporation's outstanding loans receivable and related unfunded commitments are primarily concentrated within Central and Northwest Pennsylvania, Central and Northeast Ohio, Western New York and Southwest Virginia. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management's assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation's management and reviewed and approved annually by the Corporation's Board of Directors.Syndicated loans, net of deferred fees and costs, are included in the commercial and industrial classification and totaled $78.9 million and $79.9 million as of June 30, 2025 and December 31, 2024, respectively.Transactions in the allowance for credit losses for the three months ended June 30, 2025 were as follows:BeginningAllowance(Charge-offs)RecoveriesProvision (Benefit) for Credit Losses on Loans Receivable(1)Ending AllowanceFarmland$161 $— $— $(4)$157 Owner-occupied, nonfarm nonresidential properties5,827 (1,493)15 178 4,527 Agricultural production and other loans to farmers39 — — (2)37 Commercial and Industrial7,210 (74)— 1,207 8,343 Obligations (other than securities and leases) of states and political subdivisions1,371