Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 262

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 262
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 detail concerning the provision for credit losses related to unfunded commitments of the Corporation. 

61

Six Months Ended June 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$16 $— $32,145 — %Owner-occupied, nonfarm nonresidential properties1,551 (682)520,421 (0.26)Agricultural production and other loans to farmers1 — 1,702 — Commercial and Industrial(671)(1,716)688,380 (0.50)Obligations (other than securities and leases) of states and political subdivisions(73)— 154,606 — Other loans14 — 25,843 — Other construction loans and all land development and other land loans284 — 485,311 — Multifamily (5 or more) residential properties159 — 255,955 — Non-owner occupied, nonfarm nonresidential properties284 (349)878,686 (0.08)1-4 Family Construction(44)— 42,756 — Home equity lines of credit188 3 135,661 — Residential Mortgages secured by first liens724 (64)991,936 (0.01)Residential Mortgages secured by junior liens111 — 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