Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 277

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 277
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 provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

Three Months Ended September 30, 2024Provision (Benefit) for Credit Losses on Loans Receivable (1)Net(Charge-Offs)RecoveriesAverage Loans ReceivableRatio of Annualized Net (Charge-Offs) Recoveries to Average Loans ReceivableFarmland$8 $— $32,621 — %Owner-occupied, nonfarm nonresidential properties194 28 540,032 0.02 Agricultural production and other loans to farmers(1)— 1,647 — Commercial and Industrial637 (588)702,372 (0.33)Obligations (other than securities and leases) of states and political subdivisions(1,057)— 152,715 — Other loans(97)— 27,805 — Other construction loans and all land development and other land loans(456)— 344,144 — Multifamily (5 or more) residential properties465 — 343,867 — Non-owner occupied, nonfarm nonresidential properties1,775 20 974,026 0.01 1-4 Family Construction42 — 21,331 — Home equity lines of credit(54)1 149,825 — Residential Mortgages secured by first liens213 (14)1,015,773 (0.01)Residential Mortgages secured by junior liens(233)— 98,821 — Other revolving credit plans42 (16)42,069 (0.15)Automobile38 (27)22,421 (0.48)Other consumer517 (414)52,786 (3.12)Credit cards94 (80)14,201 (2.24)Overdrafts205 (130)246 (210.23)Total$2,332 $(1,220)$4,536,702 (0.11)%

(1) Excludes provision for credit losses related to unfunded commitments. Note 10, "Off-Balance Sheet Commitments and Contingencies," to the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation. 

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Nine Months Ended September 30, 2024Provision (Benefit) for Credit Loss