Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 80

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 80
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 will enable it to meet cash obligations and off-balance sheet commitments as they come due. In addition to the above noted liquidity sources, the Corporation maintains access to the Federal Reserve discount window.

SECURITIES

AFS debt securities and equity securities combined totaled $544.1 million and $479.0 million at September 30, 2025 and December 31, 2024, respectively. At September 30, 2025, the total balance of investments classified as HTM debt securities was $249.2 million compared to $306.1 million at December 31, 2024. 

The Corporation's objective is to maintain the investment securities portfolio at an appropriate level to balance the earnings and liquidity provided by the portfolio. Note 4, "Securities," to the condensed consolidated financial statements provides more detail concerning the composition of the Corporation's securities portfolio and the process for evaluating securities for impairment.

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The following table summarizes the maturity distribution schedule with corresponding weighted-average yields of AFS debt securities as of September 30, 2025. Weighted-average yields have been computed on a fully taxable-equivalent basis using a tax rate of 21%. Mortgage-backed securities are included in maturity categories based on their stated maturity date.

September 30, 2025 WithinOne YearAfter One But WithinFive YearsAfter Five ButWithin TenYearsAfter TenYearsTotal $ Amt.Yield$ Amt.Yield$ Amt.Yield$ Amt.Yield$ Amt.YieldU.S. Government Sponsored Entities$— — %$— — %$74,904 4.29 %$— — %$74,904 4.29 %State and Political Subdivisions3,843 2.84 48,247 2.15 25,107 2.48 11,844 2.34 89,041 2.30 Residential and multi-family mortgage32 2.30 4,778 2.78 18,637 1.71 287,380 3.65 310,827 3.52 Corporate notes and bonds— — 16,661 6.81 34,401 4.73 — — 51,062 5.41 Pooled SBA— — 843 4.08 5,818 2.38 1,058