Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 90

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 90
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,467,082 100.0 %$5,371,364 100.0 %1.8%

At June 30, 2025, total deposits were $5.5 billion, reflecting an increase of $95.7 million, or 1.78%, from December 31, 2024. The increase in deposit balances was driven by higher retail and municipal deposits, coupled with growth in retail time 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 June 30, 20252024 AverageAmountAnnualRateAverageAmountAnnualRateDemand, noninterest-bearing$829,328 — %$761,270 — %Demand, interest-bearing707,932 0.97 713,431 0.76 Savings deposits3,107,520 3.01 3,097,598 3.57 Time deposits743,280 3.92 510,649 3.93 Total$5,388,060 $5,082,948 

 Six Months Ended June 30, 20252024 AverageAmountAnnualRateAverageAmountAnnualRateDemand, noninterest-bearing$821,927 — %$749,124 — %Demand, interest-bearing706,412 0.93 726,681 0.70 Savings deposits3,119,542 3.05 3,031,438 3.52 Time deposits740,719 3.96 517,287 3.78 Total$5,388,600 $5,024,530 

At June 30, 2025, the average deposit balance per account for the Bank was approximately $34 thousand, which has remained stable at this level for an extended period.

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

June 30, 2025December 31, 2024Time deposits not covered by deposit insurance$62,145 $58,330 Total deposits not covered by deposit insurance1,594,402 1,516,839 

At June 30, 2025, the total estimated uninsured deposits for the Bank were approximately $1.6 billion, or approximately 28.62% of total Bank deposits. However, when excluding $103.5 million of