Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 146

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 146
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— 159 1,410 Non-owner occupied, nonfarm nonresidential properties9,783 (349)— 284 9,718 1-4 Family Construction191 — — (44)147 Home equity lines of credit844 — 3 188 1,035 Residential Mortgages secured by first liens8,274 (64)— 724 8,934 Residential Mortgages secured by junior liens1,487 — — 111 1,598 Other revolving credit plans977 (99)20 36 934 Automobile360 (24)4 (53)287 Other consumer2,656 (1,043)53 1,136 2,802 Credit cards95 (40)8 40 103 Overdrafts292 (265)46 145 218 Total loans$45,832 $(4,347)$199 $3,848 $45,532 ) 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.The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, delinquency status and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions.For the three and six months ended June 30, 2025, the allowance for credit losses increased $972 thousand, primarily driven by growth in the Corporation's loan portfolio. Significant uncertainty persists regarding the domestic and global economy due to changes to U.S. tariffs and corresponding policy changes by U.S. trading partners, continued elevated interest rates, fluctuating levels of consumer confidence, and geopolitical conflicts. Management will continue to proactively evaluate its estimate of expected credit losses as new information becomes available.Provision for credit losses was $4.3 million and $5.9 million for the three and six months ended June 30, 2025, respectively, compared to $2.6 million and $3.9 million for the three and six months ended June 30, 2024, respectively. Included in the provision for credit losses for the three and six months ended June 30, 2025 was a provision of $63 thousand and $180 thousand, respectively, related to the