Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 145

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 145
---
,223 $88 $(51,765)$— $468,546  December 31, 2023 AmortizedGross UnrealizedAllowance ForFairCostGainsLossesCredit LossesValueU.S. Gov’t sponsored entities$5,024 $— $(36)$— $4,988 State & political subdivisions105,102 22 (13,315)— 91,809 Residential & multi-family mortgage225,871 1 (34,353)— 191,519 Corporate notes & bonds48,459 13 (5,333)— 43,139 Pooled SBA11,347 — (847)— 10,500 Total$395,803 $36 $(53,884)$— $341,955 HTM debt securities at December 31, 2024 and 2023 are as follows: December 31, 2024 AmortizedGross UnrealizedAllowance ForFairCostGainsLossesCredit LossesValueU.S. Gov’t sponsored entities$229,504 $— $(13,354)$— $216,150 Residential & multi-family mortgage76,577 — (9,757)— 66,820 Total$306,081 $— $(23,111)$— $282,970  December 31, 2023 AmortizedGross UnrealizedAllowance ForFairCostGainsLossesCredit LossesValueU.S. Gov’t sponsored entities$302,945 $— $(19,038)$— $283,907 Residential & multi-family mortgage86,023 — (9,360)— 76,663 Total$388,968 $— $(28,398)$— $360,570 The Corporation elected to transfer 74 AFS debt securities with an aggregate fair value of $213.7 million to a classification of HTM during the year ended December 31, 2022. In accordance with FASB ASC 320-10-55-24, the transfer from AFS to HTM must be recorded at the fair value of the AFS debt securities at the time of transfer. The net unrealized holding loss of $5.6 million, net of tax, at the date of transfer was retained in accumulated other comprehensive income (loss