Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 66

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 66
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3Fair ValueASSETSCash and cash equivalents$443,035 $443,035 $— $— $443,035 Debt securities available-for-sale468,546 14,810 453,736 — 468,546 Debt securities held-to-maturity306,081 71,323 211,647 — 282,970 Equity securities10,456 8,765 1,691 — 10,456 Loans held for sale762 — 766 — 766 Net loans receivable4,561,599 — — 4,495,097 4,495,097 FHLB and other restricted stock holdings and investments40,702 n/an/an/an/aInterest rate swaps423 — 423 — 423 Accrued interest receivable24,739 385 2,766 21,588 24,739 LIABILITIESDeposits$(5,371,364)$(4,648,504)$(718,328)$— $(5,366,832)Subordinated notes and debentures(105,190)— (124,515)— (124,515)Interest rate swaps(423)— (423)— (423)Accrued interest payable(7,152)— (7,152)— (7,152)While estimates of fair value are based on management's judgment of the most appropriate factors as of the balance sheet dates, there is no assurance that the estimated fair values would have been realized if the assets had been disposed of or the liabilities settled at that date, since market values may differ depending on various circumstances. The estimated fair values would also not apply to subsequent dates. The fair value of other equity interests is based on the net asset values provided by the underlying investment partnership. ASU 2015-7 removes the requirement to categorize within the fair value hierarchy all investments measured using the net asset value per share practical expedient and related disclosures. In addition, other assets and liabilities that are not financial instruments, such as premises and equipment, are not included in the disclosures.Also, non-financial assets such as, among other things, the estimated earnings power of core deposits, the earnings potential of trust accounts, the trained workforce, and customer goodwill, which typically are not recognized on the balance sheet, may have value but are not included in the fair value disclosures.

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