Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 162

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 162
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, and current economic trends, among other factors. The Corporation analyzes loans individually to classify the loans as to credit risk.The Corporation uses the following definitions for risk ratings:Special Mention: A loan classified as special mention has a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Corporation’s credit position at some future date.Substandard: A loan classified as substandard is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. The loan has a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.Doubtful: A loan classified as doubtful has all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.The following tables represent the Corporation's commercial credit risk profile by risk rating. Loans receivable not rated as special mention, substandard, or doubtful are considered to be pass rated loans.December 31, 2024Non-Pass RatedPassSpecial MentionSubstandardDoubtfulTotal Non-PassTotalFarmland$25,171 $5,267 $661 $— $5,928 $31,099 Owner-occupied, nonfarm nonresidential properties491,798 1,289 22,121 — 23,410 515,208 Agricultural production and other loans to farmers6,492 — — — — 6,492 Commercial and Industrial654,139 4,321 60,315 — 64,636 718,775 Obligations (other than securities and leases) of states and political subdivisions140,430 — — — — 140,430 Other loans28,110 — — — — 28,110 Other construction loans and all land development and other land loans281,466 — 1,446 — 1,446 282,912 Multifamily (5 or more) residential properties385,946 — 25,200 — 25,200 411,146 Non-owner occupied, nonfarm nonresidential properties1,008,