Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 274

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 274
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.92 411,146 0.72 Non-owner occupied, nonfarm nonresidential properties10,110 22.42 1,033,541 0.98 1-4 Family Construction198 0.57 26,431 0.75 Home equity lines of credit1,340 3.61 166,327 0.81 Residential Mortgages secured by first liens8,958 21.97 1,012,746 0.88 Residential Mortgages secured by junior liens1,343 2.31 106,462 1.26 Other revolving credit plans960 0.89 41,095 2.34 Automobile275 0.45 20,961 1.31 Other consumer2,892 1.17 53,821 5.37 Credit cards127 0.29 13,143 0.97 Overdrafts257 0.01 257 100.00 Total$47,357 100.00 %$4,608,956 1.03 %

The allowance for credit losses measured as a percentage of total loans receivable was 1.05% as of September 30, 2025 and 1.03% as of December 31, 2024.

The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, delinquency status and other internal and external conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions and other external factors.

For the nine months ended September 30, 2025, the allowance for credit losses increased $20.3 million, primarily driven by the Merger and the $1.9 million in PCD allowance and $16.4 million in non-PCD allowance established on acquisition date, coupled with growth in the Corporation's loan portfolio. Significant uncertainty persists regarding the domestic and global economy due to changes to U.S. tariffs and corresponding policy changes by U.S. trading partners, continued elevated interest rates, fluctuating levels of consumer confidence, and geopolitical conflicts. Management will continue to proactively evaluate its estimate of expected credit losses as new information becomes available.

Note 5, "Loans Receivable and Allowance for Credit Losses," to the condensed consolidated financial statements provides further disclosure of loan balances by portfolio segment as of September 30, 2025 and December 31, 2024.