Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 218

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 218
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5 and December 31, 2024:

September 30, 2025December 31, 2024Nonaccrual loans$36,013 $56,323 Accrual loans greater than 90 days past due86 653 Total nonperforming loans36,099 56,976 Other real estate owned4,254 2,509 Total nonperforming assets$40,353 $59,485 Total loans receivable$6,468,196 $4,608,956 Nonaccrual loans as a percentage of total loans receivable0.56 %1.22 %Total assets$8,254,319 $6,192,010 Nonperforming assets as a percentage of total assets0.49 %0.96 %Allowance for credit losses on loans receivable$67,684 $47,357 Allowance for credit losses / Total loans1.05 %1.03 %Ratio of allowance for credit losses to nonaccrual loans    187.94 %84.08 %

Total nonperforming assets were $40.4 million, or 0.49% of total assets, as of September 30, 2025, compared to $59.5 million, or 0.96% of total assets, as of December 31, 2024. In addition, the allowance for credit losses as a percentage of nonaccrual loans was 187.94% at September 30, 2025, compared to 84.08% at December 31, 2024. The decrease in nonperforming assets for the nine months ended September 30, 2025, compared to December 31, 2024 was primarily due to paydowns to workout-related efforts on two larger nonaccrual loan relationships, and resulting charge-offs on these workouts and other smaller problem loans. The most significant charge-offs during the nine months ended September 30, 2025 were $1.5 million for an owner-occupied commercial real estate relationship (balance of approximately $3.8 million with a specific reserve balance of $1.4 million) and a $1.1 million charge-off of a multifamily commercial real estate loan (balance of approximately $20.3 million with a specific reserve balance of $885 thousand). 

The Corporation has established written lending policies and procedures that require underwriting standards, loan documentation, and