Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 208

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 208
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 on postretirement benefits plan629 245 874 Total$(46,078)$2,505 $(43,573)BalanceDecember 31, 2022ComprehensiveIncome (Loss)BalanceDecember 31, 2023Unrealized gains on securities available-for-sale$(54,282)$6,109 $(48,173)Amortization of unrealized gains from held-to-maturity securities875 591 1,466 Unrealized losses on postretirement benefits plan768 (139)629 Unrealized losses on interest rate swap119 (119)— Total$(52,520)$6,442 $(46,078) BalanceJanuary 1, 2022ComprehensiveIncome (Loss)BalanceDecember 31, 2022Unrealized losses on securities available-for-sale$(706)$(53,576)$(54,282)Amortization of unrealized gains from held-to-maturity securities— 875 875 Unrealized gains on postretirement benefits plan618 150 768 Unrealized gains on interest rate swap(306)425 119 Total$(394)$(52,126)$(52,520)

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22.  Segment Reporting

The Corporation generates revenue through the operation of a full-service bank and manages the business activities on a consolidated basis. The nature of the products and services offered, and the types of customers served are similar across the geographic footprint the Bank operates in. The banking segment derives its revenue primarily through the operations as a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. There are branch offices located in Pennsylvania, Ohio, New York and Virginia. The accounting policies of the banking segment are the same as those described in the summary of significant accounting policies. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. The Corporation’s CODM is the Chief Executive Officer, Michael D. Peduzzi. The CODM assesses performance for the banking segment and decides how to allocate resources based on consolidated net income as reported on the income statement. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income to evaluate overall financial performance and profitability, and it is utilized as a key metric in evaluating the achievement of the corporation’s strategic plan. Net income is used to monitor budget versus actual results. The