Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 204

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 204
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8 million, respectively. The related amortization for the years ended December 31, 2024 2023, and 2022 were $711 thousand, $747 thousand, and $803 thousand, respectively. Unfunded commitments, reported in accrued interest payable and other liabilities on the consolidated balance sheet, as of December 31, 2024 and 2023, were $3.7 million and $796 thousand, respectively.

120

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 consolidated balance sheet, as of December 31, 2024 and 2023 were $4.1 million and zero, respectively. The investments do not have any related amortization for the years ended December 31, 2024, 2023, and 2022, respectively. Unfunded commitments, reported in accrued interest payable and other liabilities on the consolidated balance sheets, as of December 31, 2024 and December 31, 2023, were $3.2 million and zero, respectively.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.

19.  Parent Company Only Financial Information

 CONDENSED BALANCE SHEETSDecember 31, 20242023AssetsCash$100,702 $100,427 Equity securities1,525 1,795 Investment in bank subsidiary585,725 548,493 Investment in non-bank subsidiaries25,216 23,262 Deferred assets and current receivables2,021 1,894 Other assets956 925 Total assets$716,145 $676,796 LiabilitiesSubordinated notes and debentures$105,190 $104,887 Other liabilities260 662 Total liabilities105,450 105,549 Stockholders' equity610,695 571,247 Total liabilities and stockholders' equity$716,145 $676,796 CONDENSED STATEMENTS OF