Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 118

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 118
---
sGrossGainsGrossLossesThree months ended March 31, 2025$— $— $— Three months ended March 31, 2024— — — The tax provision related to these net realized gains (losses) was zero for both the three months ended March 31, 2025 and March 31, 2024, respectively.

10

The table below illustrates the maturity distribution of debt securities at amortized cost and fair value as of March 31, 2025:Available-for-saleHeld-to-maturityAmortizedCostFairValueAmortizedCostFairValue1 year or less$18,826 $18,773 $48,437 $47,755 1 year – 5 years52,326 49,175 143,686 136,330 5 years – 10 years60,067 53,840 18,741 16,305 After 10 years20,360 15,272 — — 151,579 137,060 210,864 200,390 Residential & multi-family mortgage398,702 370,876 71,295 63,004 Pooled SBA9,073 8,506 — — Total debt securities$559,354 $516,442 $282,159 $263,394 Mortgage securities and pooled Small Business Administration ("SBA") securities are not due at a single date; periodic payments are received based on the payment patterns of the underlying collateral.On March 31, 2025 and December 31, 2024, securities carried at $471.9 million and $443.9 million, respectively, were pledged to secure public deposits and for other purposes as provided by law.At March 31, 2025 and December 31, 2024, there were no holdings of securities of any one issuer, other than the U.S. Government sponsored entities, in an amount greater than 10% of shareholders’ equity. The Corporation’s residential and multi-family mortgage securities are issued by government sponsored entities.AFS debt securities with unrealized losses at March 31, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:March 31, 2025 Less than 12 Months12 Months or MoreTotalDescription of