Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 227

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 227
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3,122,028 58.1 18.1Time deposits1,137,590 16.5 722,860 13.5 57.4Total deposits$6,900,267 100.0 %$5,371,364 100.0 %28.5%

At September 30, 2025, total deposits were $6.9 billion, reflecting an increase of $1.5 billion, or 28.46%, from December 31, 2024. Excluding $1.5 billion in deposits acquired in the Merger, the year to date increase in deposit balances was primarily attributable to retail account growth, including time deposits, as well as higher Treasury Management-sourced business and municipal deposits.

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The following table sets forth the average balances of and the average rates paid on deposits for the periods indicated. 

 Three Months Ended September 30, 20252024 AverageAmountAnnualRateAverageAmountAnnualRateDemand, noninterest-bearing$1,078,091 — %$795,771 — %Demand, interest-bearing913,337 1.00 682,690 0.86 Savings deposits3,501,326 2.86 3,076,351 3.55 Time deposits1,062,394 3.90 560,565 4.03 Total$6,555,148 $5,115,377 

 Nine  Months Ended September 30, 20252024 AverageAmountAnnualRateAverageAmountAnnualRateDemand, noninterest-bearing$909,597 — %$764,770 — %Demand, interest-bearing776,145 0.95 711,911 0.75 Savings deposits3,248,202 2.98 3,046,518 3.53 Time deposits849,122 3.93 531,818 3.87 Total$5,783,066 $5,055,017 

The following table presents additional information about our September 30, 2025 and December 31, 2024 deposits:

September 30, 2025December 31, 2024Time deposits not covered by deposit insurance$86,352 $58,330 Total deposits not covered by deposit insurance2,079,586 1,516,839 

At September 30, 2025, the total estimated