Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 115

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 115
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381,296 $(4,689)$(43,573)$610,695 

See Notes to Consolidated Financial Statements

63

CONSOLIDATED STATEMENTS OF CASH FLOWS

Dollars in thousands

 Year ended December 31,202420232022CASH FLOWS FROM OPERATING ACTIVITIES:Net income$54,575 $58,020 $63,188 Adjustments to reconcile net income to net cash provided by operations:Provision for credit loss expense9,222 5,993 8,589 Depreciation and amortization of premises and equipment, operating leases assets,core deposit intangible, and mortgage servicing rights8,269 7,739 6,573 Accretion of securities, deferred loan fees and costs, net yield and credit mark onacquired loans, and unearned income(4,585)(3,155)(3,316)Net amortization of deferred costs on borrowings303 303 303 Accretion of deferred PPP processing fees— (3)(1,889)Deferred tax (benefit) expense(1,183)1,111 (1,814)Net realized gains on sales of available-for-sale securities(74)(52)(651)Net realized and unrealized losses (gains) on equity securities(754)387 1,149 Gain on sale of loans held for sale(770)(447)(1,285)Net losses (gains) on dispositions of premises and equipment and foreclosed assets53 27 (170)Proceeds from sale of loans receivable27,934 16,263 29,151 Origination of loans held for sale(28,451)(17,874)(34,181)Income on bank owned life insurance(3,110)(2,945)(2,550)Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value)— — (883)Restricted stock compensation expense2,225 1,688 1,248 Stock-based contribution expense— 55 84 Changes in:Accrued interest receivable and other assets389 (5,894)(19,065)Accrued interest payable, lease liabilities, and other liabilities7,469 (14,193)19,572 NET CASH PROVIDED BY OPERATING ACTIVITIES71,512 47,023 64,053 CASH FLOWS FROM INVEST