Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 61

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 61
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 appraisals prepared by third-parties. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management also adjusts appraised values based on the length of time that has passed since the appraisal date and other factors. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower's financial statements, or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation, and management's expertise and knowledge of the client and client's business, resulting in a Level 3 fair value classification. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the allowance policy.Assets and liabilities measured at fair value on a recurring basis are as follows at June 30, 2025 and December 31, 2024:  Fair Value Measurements at June 30, 2025 Using:Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsDescriptionTotal(Level 1)(Level 2)(Level 3)Assets:Securities Available-For-Sale:U.S. Government sponsored entities$3,184 $3,184 $— $— States and political subdivisions91,212 — 91,212 — Residential and multi-family mortgage386,604 — 386,604 — Corporate notes and bonds34,230 — 34,230 — Pooled SBA7,968 — 7,968 — Total Securities Available-For-Sale$523,198 $3,184 $520,014 $— Interest Rate swaps$953 $— $953 $— Equity Securities:Corporate equity securities$5,604 $5,604 $— $— Mutual funds3,536 3,536 — — Money market funds182 182 — — Corporate notes1,615 — 1,615 — Total Equity Securities$10,937 $9,322 $1,615 $— Liabilities:Interest Rate