Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 89

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 89
---
 — 93,520 — Other revolving credit plans36 (79)40,296 (0.39)Automobile(53)(20)23,589 (0.17)Other consumer1,136 (990)50,330 (3.96)Credit cards40 (32)13,861 (0.46)Overdrafts145 (219)248 (177.58)Total$3,848 $(4,148)$4,435,246 (0.19)%

(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "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. 

Provision for credit losses was $4.3 million and $5.9 million for the three and six months ended June 30, 2025, compared to $2.6 million and $3.9 million for the three and six months ended June 30, 2024. Included in the provision for credit losses for the three and six months ended June 30, 2025 was $63 thousand and $180 thousand related to the allowance for unfunded commitments compared to $87 thousand and $63 thousand towards the allowance for unfunded commitments for the three and six months ended June 30, 2024.

DEPOSITS

The Corporation's sources of funds are deposits, borrowings, amortization and repayment of loan principal, interest earned on or maturation of investment securities, and funds provided from operations. The Corporation considers deposits to be its primary source of funding in support of growth in assets.

June 30, 2025Percent of Deposits in Each Category to Total DepositsDecember 31, 2024Percent of Deposits in Each Category to Total DepositsPercentage Change in Each Category 2025 vs. 2024Demand, noninterest-bearing$855,788 15.7 %$819,680 15.2 %4.4%Demand, interest-bearing698,902 12.8 706,796 13.2 (1.1)Savings deposits3,162,515 57.8 3,122,028 58.1 1.3Time deposits749,877 13.7 722,860 13.5 3.7Total deposits$5