Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 287

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 287
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 from tax-free municipal securities in the investment portfolio and tax-free municipal loans in the commercial loan portfolio. The taxable equivalent adjustment to net interest income for the three months ended September 30, 2025 and 2024 was $314 thousand and $240 thousand, respectively.

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(3) Average loans receivable outstanding includes the average balance outstanding of all nonaccrual loans. Loans receivable consist of the average of total loans receivable less average unearned income. In addition, loans receivable interest income consists of loans receivable fees, including PPP deferred processing fees.

(4) Average balance is computed using the fair value of AFS securities and amortized cost of HTM securities. Average yield has been computed using amortized cost average balance for AFS and HTM securities. The adjustment to the average balance for securities in the calculation of average yield for the three months ended September 30, 2025 and 2024 was $(39.1) million and $(51.1) million, respectively.

Average Balances, Income and Interest Rates on a Taxable Equivalent BasisFor the Nine Months Ended, September 30, 2025September 30, 2024AverageBalanceAnnualRateInterestInc./Exp.AverageBalanceAnnualRateInterestInc./Exp.ASSETS:Securities:Taxable (1) (4)$778,262 2.82 %$17,308 $696,259 2.06 %$11,572 Tax-exempt (1) (2) (4)24,709 2.64 528 26,063 2.58 547 Equity securities (1) (2)12,079 3.38 305 6,951 5.69 296 Total securities (4)815,050 2.83 18,141 729,273 2.11 12,415 Loans receivable:Commercial (2) (3)1,528,188 6.82 77,954 1,434,545 6.92 74,360 Commercial & residential mortgages and loans held for sale (2) (3)3,428,123 6.15 157,620 2,905,301 6.16 134,012 Consumer (3)125,751 11.75 11,047 129,475 11.96 11,591 Total loans receivable (3)5