Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 168

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 168
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499 $2,170 $2,322 $— $— $53,821 Current period gross write offs$133 $1,141 $630 $154 $24 $12 $— $— $2,094 

31

 June 30, 2025December 31, 2024Credit cardPayment performancePerforming$13,611 $12,981 Nonperforming256 162 Total$13,867 $13,143 Current period gross write offs$137 $143 Holiday's loan portfolio, included in other consumer loans above, is summarized as follows at June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024Gross other consumer$18,871 $27,261 Less: other consumer unearned discounts(2,767)(4,772)Total other consumer loans, net of unearned discounts$16,104 $22,489 

5.    LEASES

Operating lease assets represent the Corporation's right to use an underlying asset during the lease term and operating lease liabilities represent the Corporation's obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Corporation's incremental borrowing rate at the lease commencement date. Operating lease cost, which is comprised of amortization of the operating lease asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in net occupancy expense in the condensed consolidated statements of income.The Corporation leases certain full-service branch offices, land and equipment. Leases with an initial term of twelve months or less are not recorded on the balance sheet. Most leases include one or more options to renew and the exercise of the lease renewal options are at the Corporation's sole discretion. The Corporation includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Corporation will exercise the option. Certain lease agreements of the Corporation include rental payments adjusted periodically for changes in the consumer price index.LeasesClassificationJune 30, 2025December 31, 2024Assets:Operating lease assetsOperating lease right-of-use assets$36,979 $37,764 Finance lease assetsFinance lease right-of-use assets17,672 14