Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 63

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 63
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3,596 — — 3,596 Home equity lines of credit737 — — 737 Residential Mortgages secured by first liens598 — — 598 

43

  Fair Value Measurements at December 31, 2024 UsingDescriptionTotalQuoted Prices inActive Markets forIdentical Assets(Level 1)Significant OtherObservable Inputs(Level 2)SignificantUnobservableInputs(Level 3)Assets:Collateral-dependent loans receivable:Farmland$352 $— $— $352 Owner-occupied, nonfarm nonresidential properties2,531 — — 2,531 Commercial and industrial2,334 — — 2,334 Other construction loans and all land development loans and other land loans1,196 — — 1,196 Multifamily (5 or more) residential properties19,773 — — 19,773 Non-owner occupied, nonfarm nonresidential5,225 — — 5,225 Home equity lines of credit290 — — 290 Residential mortgages secured by first liens1,173 — — 1,173 A loan is considered to be a collateral dependent loan when, based on current information and events, the Corporation expects repayment of the financial assets to be provided substantially through the operation or sale of the collateral and the Corporation has determined that the borrower is experiencing financial difficulty as of the measurement date. The allowance for credit losses is measured by estimating the fair value of the loan based on the present value of expected cash flows, the market price of the loan, or the underlying fair value of the loan's collateral. For real estate loans, fair value of the loan's collateral is determined by third-party appraisals, which are then adjusted for the estimated selling and closing costs related to liquidation of the collateral. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. For example, land is generally based on the sales comparable method while construction is based on the income and/or sales comparable methods. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. The Corporation reviews the third-party appraisal for appropriateness and may adjust the value downward to consider selling and closing costs. For non-real estate loans, fair value of the loan