Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 189

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 189
---
 YIELDS

The loans receivable categories used to monitor and analyze interest income and yields are different than the portfolio segments used to determine the allowance for credit losses for loans receivable. The allowance for credit losses was calculated by pooling loans of similar credit risk characteristics and credit monitoring procedures. See Note 4, "Loans Receivable and Allowance for Credit Losses," for more information about pooling of loans receivable for the allowance for credit losses.

The following table presents average balances of certain measures of our financial condition and net interest margin for the three months ended March 31, 2025 and 2024: 

Average Balances, Income and Interest Rates on a Taxable Equivalent BasisFor the Three Months Ended, March 31, 2025March 31, 2024AverageBalanceAnnualRateInterestInc./Exp.AverageBalanceAnnualRateInterestInc./Exp.ASSETS:Securities:Taxable (1) (4)$765,654 2.73 %$5,461 $696,851 1.96 %$3,651 Tax-exempt (1) (2) (4)25,345 2.69 181 27,743 2.59 191 Equity securities (1) (2)7,428 5.84 107 6,772 5.64 95 Total securities (4)798,427 2.75 5,749 731,366 2.01 3,937 Loans receivable:Commercial (2) (3)1,466,323 6.74 24,369 1,429,718 6.90 24,519 Mortgage and loans held for sale (2) (3)3,001,317 6.02 44,572 2,870,175 6.08 43,403 Consumer (3)123,755 12.01 3,665 128,858 11.79 3,778 Total loans receivable (3)4,591,395 6.41 72,606 4,428,751 6.51 71,700 Interest-bearing deposits with the Federal Reserve and other financial institutions413,704 4.20 4,284 190,009 5.26 2,485 Total earning assets5,803,526 5.73 $82,639 5,350