Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 166

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 166
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 reconciliation to the financial statements.Three Months Ended March 31,20252024Interest and Dividend Income:Loans including feesInterest and fees on loans$72,379 $71,513 Investment Securities10,000 6,392 Total interest and dividend income82,379 77,905 Interest Expense:Deposits32,634 31,548 Borrowed funds1,314 1,135 Total interest expense33,948 32,683 NET INTEREST INCOME48,431 45,222 PROVISION FOR CREDIT LOSS EXPENSE1,556 1,320 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE46,875 43,902 NON-INTEREST INCOME:Service charges on deposit accounts1,714 1,694 Other service charges and fees510 695 Wealth and asset management fees1,796 1,802 Net unrealized gains (losses) on equity securities(249)191 Mortgage banking96 196 Bank owned life insurance760 767 Card processing and interchange income2,107 2,016 Other non-interest income1,773 1,594 Total non-interest income8,507 8,955 NON-INTEREST EXPENSES:Salaries13,726 13,556 Incentive1,768 393 Benefits5,070 4,838 Net occupancy expense4,038 3,640 Technology expense5,378 5,072 State and local taxes1,292 1,143 Legal, professional and examination fees849 1,172 Advertising514 685 FDIC insurance985 990 Card processing and interchange expenses1,160 1,179 Merger Costs1,529 — Other non-interest expenses4,729 4,756 Total non-interest expenses41,038 37,424 INCOME BEFORE INCOME TAXES14,344 15,433 INCOME TAX EXPENSE 2,863 2,833 SEGMENT NET INCOME$11,481 $12,600 Reconciliation of profit or lossAdjustments and reconciling items— — CONSOLIDATED NET INCOME$11,481 $12,600 Reconciliation of assetsAdjustments and reconciling items— — TOTAL CONSOLIDATED ASSETS$6,295,508 $5,801,