Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 153

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 153
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274 Residential Mortgages secured by junior liens1,035 — — 452 1,487 Other revolving credit plans722 (119)30 344 977 Automobile271 (56)1 144 360 Other consumer2,665 (1,982)134 1,839 2,656 Credit cards67 (189)18 199 95 Overdrafts278 (604)139 479 292 Total loans$43,436 $(4,254)$813 $5,837 $45,832 (1) Excludes provision for credit losses related to unfunded commitments. Note 18, "Off-Balance Sheet Commitments and Contingencies," in the consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.(2) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, and Note 1, "Summary of Significant Accounting Policies," immaterial revisions were made to the provision (benefit) for credit losses on loans receivable column and ending allowance column disclosures as of December 31, 2023, to reflect the revisions for the applicable portfolio segments.

86

Transactions in the allowance for credit losses for the year ended December 31, 2022 were as follows:BeginningAllowance(Charge-offs)RecoveriesProvision (Benefit) for Credit Losses on Loans Receivable(1)Ending AllowanceFarmland$151 $— $— $8 $159 Owner-occupied, nonfarm nonresidential properties3,339 (21)15 (428)2,905 Agricultural production and other loans to farmers9 — — (3)6 Commercial and Industrial8,837 (175)139 965 9,766 Obligations (other than securities and leases) of states and political subdivisions1,649 — — 214 1,863 Other loans149 — — 307 456 Other construction loans and all land development and other land loans2,198 — — 1,055 3,253 Multifamily (5 or more) residential properties2,289 — — 64 2,353 Non-owner occupied, nonfarm nonresidential properties6,481 (335)336 1