Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 161

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 161
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— — — — Residential Mortgages secured by junior liens29 — — — — Total$21,711 $— $— $— $— The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the year ended December 31, 2024:Principal ForgivenessWeighted Average Term Extension(in years)Weighted Average Interest Rate ReductionCommercial and Industrial$— 1.00— %Total$— 1.00— %The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the year ended December 31, 2023:Principal ForgivenessWeighted Average Term Extension(in years)Weighted Average Interest Rate ReductionCommercial and Industrial$— 1.000.50 %Non-owner occupied, nonfarm nonresidential properties— 0.75— Residential Mortgages secured by first liens— 0.50— Residential Mortgages secured by junior liens— 0.50— Total$— 0.760.50 %There were no loans that had a payment default during the year ended December 31, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.The following table presents the amortized cost basis of loans that had a payment default during the year ended December 31, 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty:Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay and Term ExtensionOther construction loans and all land development and other land loans$— $1,549 $— $— $— Non-owner occupied, nonfarm nonresidential properties— — 1,523 — — Total$— $1,549 $1,523 $— $— 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.

93

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