Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 8

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 8
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ASH FLOWS (unaudited) (continued)

Dollars in thousands

Nine Months Ended September 30,20252024SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for:Interest$108,248 $101,317 Income taxes8,810 8,843 SUPPLEMENTAL NONCASH DISCLOSURES:Transfers to other real estate owned$479 $334 Transfers from loans held for sale to loans held for investment317 1,239 Transfers from loans held for investment to loans held for sale— 438 Grant of restricted stock awards from treasury stock2,683 3,025 Grant of performance based restricted stock awards from treasury stock167 179 Restricted stock forfeiture304 177 Net deposits transferred to held for sale92,830 — Lease liabilities arising from obtaining right-of-use assets1,198 3,157 See Note 3, "Business Combinations" regarding non-cash transactions included in the acquisition.

See Notes to Condensed Consolidated Financial Statements

7

CNB FINANCIAL CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND DISCLOSURE RULES

Nature of OperationsCNB Financial Corporation (the "Corporation") is headquartered in Clearfield, Pennsylvania, and provides a full range of banking and related services through its wholly owned subsidiary, CNB Bank (the "Bank"). In addition, the Bank provides wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans as well as a full range of wealth management services. The Bank serves individual and corporate customers and is subject to competition from other financial institutions and intermediaries with respect to these services. In addition to the Bank, the Corporation also operates a consumer discount loan and finance business through its wholly owned subsidiary, Holiday Financial Services Corporation ("Holiday"). The Corporation and its other subsidiaries are subject to examination by federal and state regulators. The Corporation's market area is primarily concentrated in the Central, Northwest and Northeast regions of the Commonwealth of Pennsylvania, the Central and Northeast regions of the State of Ohio, Western region of the State of New York and the Southwest region of the Commonwealth of Virginia.Basis of PresentationThe accompanying condensed consolidated financial statements have been prepared pursuant to rules and regulations of the Securities and Exchange Commission (the "