Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 178

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 178
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Residential and multi-family mortgage318,910 — 318,910 — Corporate notes and bonds35,210 — 35,210 — Pooled SBA8,660 — 8,660 — Total Securities Available-For-Sale$468,546 $14,810 $453,736 $— Interest rate swaps$423 $— $423 $— Equity Securities:Corporate equity securities$6,542 $6,542 $— $— Mutual funds1,936 1,936 — — Money market287 287 — — Corporate notes1,691 — 1,691 — Total Equity Securities$10,456 $8,765 $1,691 $— LiabilitiesInterest rate swaps$(423)$— $(423)$— 

103

  Fair Value Measurements at December 31, 2023 UsingDescriptionTotalQuoted Prices inActive Markets forIdentical Assets(Level 1)Significant OtherObservableInputs (Level 2)SignificantUnobservableInputs(Level 3)Assets:Securities Available-For-Sale:U.S. Government sponsored entities (1)$4,988 $4,988 $— $— States and political subdivisions91,809 — 91,809 — Residential and multi-family mortgage191,519 — 191,519 — Corporate notes and bonds43,139 — 43,139 — Pooled SBA10,500 — 10,500 — Total Securities Available-For-Sale$341,955 $4,988 $336,967 $— Interest rate swaps$1,013 $— $1,013 $— Equity Securities:Corporate equity securities$5,341 $5,341 $— $— Mutual funds2,223 2,223 — — Money market1,103 1,103 — — Corporate notes634 634 — Total Equity Securities$9,301 $8,667 $634 $— LiabilitiesInterest rate swaps$(1,013)$— $(1,013)$— (1) In 2023, the Corporation transitioned to a new pricing provider, leading to the reclassification of United States Treasury investments as Level