Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 78

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 78
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 and all land development and other land loans(423)— 435,967 — Multifamily (5 or more) residential properties(1,043)(59)259,557 (0.02)Non-owner occupied, nonfarm nonresidential properties2,814 (684)838,674 (0.08)1-4 Family Construction(136)— 55,392 — Home equity lines of credit(324)(5)124,865 — Residential Mortgages secured by first liens(96)(114)966,225 (0.01)Residential Mortgages secured by junior liens452 — 84,803 — Other revolving credit plans344 (89)41,417 (0.21)Automobile144 (55)25,044 (0.22)Other consumer1,839 (1,848)49,631 (3.72)Credit cards199 (171)13,261 (1.29)Overdrafts479 (465)302 (153.97)Total$5,837 $(3,441)$4,396,341 (0.08)%

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, and Note 1, "Summary of Significant Accounting Policies," immaterial revisions were made to the provision (benefit) for credit losses on loans receivable column disclosure as of December 31, 2023, to reflect the revisions for the applicable portfolio segments.

(2) Excludes provision for credit losses totaling $759 thousand related to unfunded commitments. Note 18, "Off-Balance Sheet Commitments and Contingencies," in the consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation. 

Year Ended December 31, 2022Provision (Benefit) for Credit Loss ExpenseNet(Charge-Offs)RecoveriesAverageLoansRatio of Annualized Net (Charge-Offs)Recoveries to Average LoansFarmland$8 $— $32,075 — %Owner-occupied, nonfarm nonresidential properties(428)(6)467,606 — Agricultural production and other loans to farmers(3)— 1,254 — Commercial and Industrial965 (36)762,585 — O