Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 150

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 150
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 of states and political subdivisions140,430 3.05 152,201 3.41 Other loans28,110 0.61 25,507 0.57 Other construction loans and all land development and other land loans282,912 6.14 340,358 7.62 Multifamily (5 or more) residential properties411,146 8.92 305,697 6.84 Non-owner occupied, nonfarm nonresidential properties1,033,541 22.42 984,033 22.02 1-4 Family Construction26,431 0.57 28,055 0.63 Home equity lines of credit166,327 3.61 130,700 2.92 Residential Mortgages secured by first liens1,012,746 21.97 1,005,335 22.50 Residential Mortgages secured by junior liens106,462 2.31 91,240 2.04 Other revolving credit plans41,095 0.89 42,877 0.96 Automobile20,961 0.45 25,315 0.57 Other consumer53,821 1.17 51,592 1.14 Credit cards13,143 0.29 11,785 0.26 Overdrafts257 0.01 292 0.01 Total loans$4,608,956 100.00 %$4,468,476 100.00 %Less: Allowance for credit losses(47,357)(45,832)Loans, net$4,561,599 $4,422,644 Net deferred loan origination fees (costs) included in the above loan table$49 $2,448 (1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, and Note 1, "Summary of Significant Accounting Policies," immaterial revisions were made to the total loans disclosure at December 31, 2023, to reflect adjustments for the applicable portfolio segments, which revisions are reflected in the above table. The Corporation’s outstanding loans receivable and related unfunded commitments are primarily concentrated within Central and Northwest Pennsylvania, Central and Northeast Ohio, Western New York and Southwest Virginia. The Bank attempts to limit concentrations within specific industries by utilizing dollar