Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 183

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 183
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 131,950 — Residential Mortgages secured by first liens382 (64)989,734 (0.03)Residential Mortgages secured by junior liens(45)— 91,756 — Other revolving credit plans(107)(12)40,814 (0.12)Automobile(47)(7)24,302 (0.12)Other consumer548 (490)50,572 (3.90)Credit cards27 (24)12,912 (0.75)Overdrafts82 (119)258 (185.51)Total$1,344 $(1,344)$4,428,751 (0.12)%

(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 $1.6 million for the three months ended March 31, 2025, compared to $1.3 million for the three months ended March 31, 2024. Included in the provision for credit losses for the three months ended March 31, 2025 was $117 thousand related to the allowance for unfunded commitments compared to $24 thousand benefit towards the allowance for unfunded commitments for the three months ended March 31, 2024.

DEPOSITS

The Corporation’s sources of funds are deposits, borrowings, amortization and repayment of loan principal, interest earned on or maturation of investment securities, and funds provided from operations. The Corporation considers deposits to be its primary source of funding in support of growth in assets.

March 31, 2025Percent of Deposits in Each Category to Total DepositsDecember 31, 2024Percent of Deposits in Each Category to Total DepositsPercentage Change in Each Category 2025 vs. 2024Demand, noninterest-bearing$842,398 15.4 %$819,680 15.2 %2.8%Demand, interest-bearing719,460 13.2 706,796 13.2 1.8Savings deposits3,160,618 57.9 3,122,028 58.1 1.2Time deposits737,602 13.5 722,860 13.