Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 5

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 5
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 9,227 Purchase of available-for-sale securities(58,805)(17,516)Proceeds from maturities, prepayments and calls of held-to-maturity securities24,167 7,495 Purchase of equity securities(86)(89)Proceeds from sales of loans classified as portfolio loans— 438 Net increase (decrease) in loans receivable(1,258)36,878 Purchase of FHLB, other equity, and restricted equity interests(1,142)(1,006)Purchase of premises and equipment(1,721)(2,437)Proceeds from the sale of premises and equipment and foreclosed assets1,230 119 NET CASH (USED) PROVIDED BY INVESTING ACTIVITIES(18,007)33,109 CASH FLOWS FROM FINANCING ACTIVITIES:Net increase in checking, money market and savings accounts73,972 12,526 Net increase in certificates of deposit14,742 26,277 Purchase of treasury stock(332)(210)Cash dividends paid, common stock(3,777)(3,680)Cash dividends paid, preferred stock(1,075)(1,075)NET CASH PROVIDED BY FINANCING ACTIVITIES83,530 33,838 NET INCREASE IN CASH AND CASH EQUIVALENTS77,122 79,407 CASH AND CASH EQUIVALENTS, Beginning443,035 222,046 CASH AND CASH EQUIVALENTS, Ending$520,157 $301,453 

5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (continued)

Dollars in thousands

Three Months Ended March 31,20252024SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for:Interest$33,782 $30,919 Income taxes389 493 SUPPLEMENTAL NONCASH DISCLOSURES:Transfers to other real estate owned$366 $88 Transfers from loans held for sale to loans held for investment— 691 Transfers from loans held for investment to loans held for sale— 438 Grant of restricted stock awards from treasury stock— 3,025 Grant of performance based restricted stock awards from treasury stock167 179 Restricted stock forfeiture90 50 Lease liabilities arising from obtaining right-of-use assets