Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 0

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
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Item 1. Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

Dollars in thousands, except share data

      (unaudited)      March 31, 2025December 31, 2024ASSETSCash and cash equivalents due from banks$68,745 $63,771 Interest-bearing deposits with Federal Reserve447,053 375,009 Interest-bearing deposits with other financial institutions4,359 4,255 Total cash and cash equivalents520,157 443,035 Debt securities available-for-sale, at fair value (amortized cost of $559,354 and $520,223, respectively)516,442 468,546 Debt securities held-to-maturity, at amortized cost (fair value of $263,394 and $282,970, respectively)282,159 306,081 Equity securities10,293 10,456 Loans held for sale860 762 Loans receivableSyndicated loans69,189 79,882 Loans4,540,820 4,529,074 Total loans receivable4,610,009 4,608,956 Less: allowance for credit losses(47,357)(47,357)Net loans receivable4,562,652 4,561,599 FHLB and other restricted stock holdings and investments41,844 40,702 Premises and equipment, net76,323 76,011 Operating & finance lease right-of-use assets52,213 52,715 Bank owned life insurance118,338 117,579 Mortgage servicing rights1,147 1,251 Goodwill and other intangibles43,874 43,874 Core deposit intangible, net190 206 Accrued interest receivable and other assets69,016 69,193 Total Assets$6,295,508 $6,192,010 LIABILITIES AND SHAREHOLDERS’ EQUITYNoninterest-bearing demand deposits$842,398 $819,680 Interest-bearing demand deposits719,460 706,796 Savings3,160,618 3,122,028 Certificates of deposit737,602 722,860 Total deposits5,460,078 5,371,364 Subordinated debentures20,620 20,620 Subordinated notes, net of unamortized