Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 238

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 238
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30, 2024.

(3) Includes loans held for sale.

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The following table presents the change in net interest income for the nine months ended September 30, 2025 and 2024:

Net Interest Income Rate-Volume VarianceFor Nine Months Ended September 30, 2025 over (under) September 30, 2024 Due to Change In (1)VolumeRateNetAssetsSecurities:Taxable$1,312 $4,424 $5,736 Tax-exempt (2)(30)11 (19)Equity securities (2)218 (209)9 Total securities1,500 4,226 5,726 Loans receivable:Commercial (2)4,737 (1,143)3,594 Mortgage (2) (3)23,864 (256)23,608 Consumer(346)(198)(544)Total loans receivable28,255 (1,597)26,658 Other earning assets5,980 (3,194)2,786 Total Earning Assets$35,735 $(565)$35,170 Liabilities and Shareholders' EquityInterest-Bearing DepositsDemand – interest-bearing$362 $1,161 $1,523 Savings5,152 (13,362)(8,210)Time9,193 381 9,574 Total interest-bearing deposits14,707 (11,820)2,887 Short-Term Borrowings(1)2,252 2,251 Finance lease liabilities570 129 699 Subordinated debentures7 (173)(166)Total Interest-Bearing Liabilities$15,283 $(9,612)$5,671 Change in Net Interest Income$20,452 $9,047 $29,499 

(1) Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to volume changes.

(2) Changes in interest income on tax-exempt securities and loans receivable are presented on a fully taxable-equivalent basis, using the Corporation's marginal federal income tax rate of 21% for the nine months ended September 30, 2025 and September 30, 2024.

(3) Includes loans held for sale.

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RESULTS OF OPERATIONS

Three Months Ended September 30, 2025 and 2024