Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 214

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 214
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 tracks lending exposure by industry classification and type to determine potential risks associated with industry concentrations, and to identify any concentration risk issues that could lead to additional credit loss exposure. An important and recurring part of this process involves the Corporation's continued measurement and evaluation of its exposure to the office, hospitality, and multifamily industries within its commercial real estate portfolio. Even given the Corporation's historically sound underwriting protocols and high credit quality standards for borrowers in the commercial real estate industry segments, the Corporation monitors numerous relevant sensitivity elements, including occupancy, loan-to-value, absorption and cap rates, debt service coverage and covenant compliance, and developer/lessor financial strength both in the project and globally. 

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At September 30, 2025, the Corporation had the following key metrics related to its office, hospitality and multifamily portfolios:

•Commercial office loans:

◦There were 154 outstanding loans, totaling $154.2 million, or 2.38% of total Corporation loans outstanding;

◦There were no nonaccrual commercial office loans;

◦There were no past-due commercial office loans; 

◦The average outstanding balance per commercial office loan was $1.0 million; and

◦Included in the above commercial office loan metrics were 40 outstanding loans, totaling $44.1million acquired from the Merger.

•Commercial hospitality loans:

◦There were 159 outstanding loans, totaling $332.5 million, or 5.14% of total Corporation loans outstanding;

◦There were no nonaccrual commercial hospitality loans; 

◦There were no past-due commercial hospitality loans;

◦The average outstanding balance per commercial hospitality loan was $2.1 million; and

◦Included in the above commercial hospitality loan metrics were nine outstanding loans, totaling $18.3 million acquired from the Merger.

•Commercial multifamily loans:

◦There were 378 outstanding loans, totaling $639.7 million, or 9.89% of total Corporation loans outstanding;

◦There were four nonaccrual commercial multifamily loans that totaled $2.7 million, or 0.43% of total multifamily loans outstanding;

◦There were two past-due commercial multifamily loans that totaled $2.4 million, or 0.38% of total multifamily loans outstanding; 

◦The average outstanding balance per commercial multifamily loan was $1.7 million; and

◦Included in the above commercial multifamily loan metrics were 161