Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 26

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 26
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 junior liens29 — — — — Total$11,525 $609 $— $— $609 

19

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2025:Principal ForgivenessWeighted Average Term Extension(in years)Weighted Average Interest Rate ReductionCommercial and Industrial$— 0.96— %Other construction loans and all land development and other land loans— 0.75— Non-owner occupied, nonfarm nonresidential properties— 0.50— Total$— 0.71— %The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2024:Principal ForgivenessWeighted Average Term Extension(in years)Weighted Average Interest Rate ReductionCommercial and Industrial$— 1.00— %Total$— 1.00— %There were no loans that had a payment default during the three months ended March 31, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.The following table presents the amortized cost basis of loans that had a payment default during the three months ended March 31, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay and Term ExtensionOwner-occupied, nonfarm nonresidential properties$— $308 $— $— $— Commercial and Industrial— — — 301 — Total$— $308 $— $301 $— If the Corporation determines that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off and the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.Credit Quality IndicatorsThe Corporation categorizes loans receivable into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually to classify the loans as to credit risk.The Corporation uses the following definitions for risk ratings:Special Mention: A loan classified as special