Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 176

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 176
---
 $25.3 million and $23.5 million, respectively. Unfunded capital commitments in investments in SBICs and CDEs totaled $6.2 million and $8.0 million as of June 30, 2025 and December 31, 2024, respectively. These investments are accounted for under the equity method of accounting.Investments in Qualified Affordable Housing Project InvestmentsThe carrying value of investments in the low income housing partnerships, reported in FHLB and other restricted stock holdings and investments on the condensed consolidated balance sheet, as of June 30, 2025 and December 31, 2024 were $6.8 million and $7.3 million, respectively. The related amortization for the three and six months ended June 30, 2025 was $277 thousand and $449 thousand, respectively, and for the three and six months ended June 30, 2024 was $177 thousand and $355 thousand, respectively. Unfunded commitments, reported in accrued interest payable and other liabilities on the condensed consolidated balance sheets, as of June 30, 2025 and December 31, 2024 were $3.5 million and $3.7 million, respectively.

37

Investments in Federal and State Rehabilitation/Historic Tax CreditFrom time to time, the Corporation invests in certain limited partnerships that were formed to provide certain federal and state rehabilitation/historic tax credits. The carrying value of these investments, reported in FHLB and other restricted stock holdings and investments on the condensed consolidated balance sheet, as of both June 30, 2025 and December 31, 2024 were $4.1 million. The investments do not have any related amortization for the three and six months ended June 30, 2025 and 2024. Unfunded commitments, reported in accrued interest payable and other liabilities on the condensed consolidated balance sheets, as of both June 30, 2025 and December 31, 2024 were $3.2 million.LitigationThe Corporation is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Corporation.

10.    STOCK COMPENSATION

The Corporation has a stock incentive plan