Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 122

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 122
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 411,146 8.92 Non-owner occupied, nonfarm nonresidential properties1,041,450 22.59 1,033,541 22.42 1-4 Family Construction16,470 0.36 26,431 0.57 Home equity lines of credit179,129 3.89 166,327 3.61 Residential Mortgages secured by first liens1,002,969 21.76 1,012,746 21.97 Residential Mortgages secured by junior liens106,986 2.32 106,462 2.31 Other revolving credit plans35,360 0.77 41,095 0.89 Automobile19,739 0.43 20,961 0.45 Other consumer51,574 1.12 53,821 1.17 Credit cards13,978 0.30 13,143 0.29 Overdrafts191 — 257 0.01 Total loans receivable$4,610,009 100.00 %$4,608,956 100.00 %Less: Allowance for credit losses(47,357)(47,357)Loans receivable, net$4,562,652 $4,561,599 Net deferred loan origination fees included in the above table$138 $49 The Corporation’s outstanding loans receivable and related unfunded commitments are primarily concentrated within Central and Northwest Pennsylvania, Central and Northeast Ohio, Western New York and Southwest Virginia. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management’s assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation’s management and reviewed and approved annually by the Corporation’s Board of Directors.Syndicated loans, net of deferred fees and costs, are included in the commercial and industrial classification and totaled $69.2 million and $79.9 million as of March 31, 2025 and December 31, 2024, respectively.

13

Transactions in the allowance for credit losses for the three months ended March 31, 2025 were as follows:Beginning