Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 248

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 248
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.0 million at June 30, 2025 and December 31, 2024, respectively. At June 30, 2025, the total balance of investments classified as HTM debt securities was $270.0 million compared to $306.1 million at December 31, 2024. 

The Corporation's objective is to maintain the investment securities portfolio at an appropriate level to balance the earnings and liquidity provided by the portfolio. Note 3, "Securities," to the condensed consolidated financial statements provides more detail concerning the composition of the Corporation's securities portfolio and the process for evaluating securities for impairment.

The following table summarizes the maturity distribution schedule with corresponding weighted-average yields of AFS debt securities as of June 30, 2025. Weighted-average yields have been computed on a fully taxable-equivalent basis using a tax rate of 21%. Mortgage-backed securities are included in maturity categories based on their stated maturity date.

June 30, 2025 WithinOne YearAfter One But WithinFive YearsAfter Five ButWithin TenYearsAfter TenYearsTotal $ Amt.Yield$ Amt.Yield$ Amt.Yield$ Amt.Yield$ Amt.YieldU.S. Government Sponsored Entities$3,184 4.21 %$— — %$— — %$— — %$3,184 4.21 %State and Political Subdivisions7,066 2.67 44,269 2.18 24,546 2.47 15,331 2.20 91,212 2.30 Residential and multi-family mortgage5,041 2.42 5,326 2.85 19,439 1.71 356,798 3.93 386,604 3.78 Corporate notes and bonds— — 10,299 5.38 23,931 4.09 — — 34,230 4.48 Pooled SBA— — 595 4.50 6,234 2.42 1,139 2.13 7,968 2.53 Total$15,291 2.91 %$60,489 2.81 %$74,150 2.79 %$373,268 3.85 %$523,198 3.55