Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 236

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 236
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.08 2,251 — 0.00 — Finance lease liabilities16,704 5.67 708 259 4.64 9 Subordinated notes and debentures105,304 4.10 3,228 105,001 4.32 3,394 Total interest-bearing liabilities5,069,262 2.88 $109,038 4,395,507 3.14 $103,367 Demand—noninterest-bearing909,597 764,770 Other liabilities97,544 84,708 Total liabilities6,076,403 5,244,985 Shareholders' equity676,058 586,017 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$6,752,461 $5,831,002 Interest income/Earning assets5.87 %$277,633 5.89 %$242,463 Interest expense/Interest-bearing liabilities2.88 109,038 3.14 103,367 Net interest spread2.99 %$168,595 2.75 %$139,096 Interest income/Earning assets5.87 %$277,633 5.89 %$242,463 Interest expense/Earning assets2.31 109,038 2.51 103,367 Net interest margin (fully tax-equivalent)3.56 %$168,595 3.38 %$139,096 

(1) Includes unamortized discounts and premiums.

(2) Average yields are stated on a fully taxable equivalent basis (calculated using statutory rates of 21%) resulting from tax-free municipal securities in the investment portfolio and tax-free municipal loans in the commercial loan portfolio. The taxable equivalent adjustment to net interest income for the nine months ended September 30, 2025 and 2024 was $838 thousand and $671 thousand, respectively.

(3) Average loans receivable outstanding includes the average balance outstanding of all nonaccrual loans. Loans receivable consist of the average of total loans receivable less average unearned income. In addition, loans receivable interest income consists of loans receivable fees, including PPP deferred processing fees.

(4) Average balance is computed using the fair value of AFS securities and amortized cost of HTM securities. Average yield has been computed using amortized cost average balance for AFS