Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 123

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 123
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Allowance(Charge-offs)RecoveriesProvision (Benefit) for Credit Losses on Loans Receivable(1)Ending AllowanceFarmland$167 $— $— $(6)$161 Owner-occupied, nonfarm nonresidential properties5,696 (23)14 140 5,827 Agricultural production and other loans to farmers37 — — 2 39 Commercial and Industrial7,759 (650)— 101 7,210 Obligations (other than securities and leases) of states and political subdivisions1,369 — — 2 1,371 Other loans329 — — (3)326 Other construction loans and all land development and other land loans2,571 — — (2)2,569 Multifamily (5 or more) residential properties2,969 — — 123 3,092 Non-owner occupied, nonfarm nonresidential properties10,110 — — 62 10,172 1-4 Family Construction198 — — (76)122 Home equity lines of credit1,340 — — 224 1,564 Residential Mortgages secured by first liens8,958 (34)— 175 9,099 Residential Mortgages secured by junior liens1,343 — — 108 1,451 Other revolving credit plans960 (3)1 (103)855 Automobile275 — — (13)262 Other consumer2,892 (567)12 584 2,921 Credit cards127 (122)4 116 125 Overdrafts257 (98)27 5 191 Total loans$47,357 $(1,497)$58 $1,439 $47,357 (1) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," to the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.Transactions in the allowance for credit losses for the three months ended March 31, 2024 were as follows:BeginningAllowance(Charge-offs)RecoveriesProvision (Benefit) for Credit Losses on Loans Receivable(1)Ending AllowanceFarmland$