Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 182

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 182
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097 4,495,097 FHLB and other restricted stock holdings and investments40,702 n/an/an/an/aInterest rate swaps423 — 423 — 423 Accrued interest receivable24,739 385 2,766 21,588 24,739 Liabilities:Deposits$(5,371,364)$(4,648,504)$(718,328)$— $(5,366,832)Subordinated debentures(105,190)— (124,515)— (124,515)Interest rate swaps(423)— (423)— (423)Accrued interest payable(7,152)— (7,152)— (7,152)

106

The following table presents the carrying amount and fair value of financial instruments at December 31, 2023: CarryingAmountFair Value Measurement Using:TotalFair Value Level 1Level 2Level 3Assets:Cash and cash equivalents$222,046 $222,046 $— $— $222,046 Debt securities available-for-sale (1)341,955 4,988 336,967 — 341,955 Debt securities held-to-maturity (1)388,968 104,141 256,429 — 360,570 Equity securities9,301 8,667 634 — 9,301 Loans held for sale675 — 677 — 677 Net loans4,422,644 — — 4,323,476 4,323,476 FHLB and other restricted stock holdings and investments30,011 n/an/an/an/aInterest rate swaps1,013 — 1,013 — 1,013 Accrued interest receivable24,318 410 2,319 21,589 24,318 Liabilities:Deposits$(4,998,750)$(4,492,256)$(508,181)$— $(5,000,437)Subordinated debentures(104,887)— (134,298)— (134,298)Interest rate swaps(1,013)— (1,013)— (1,013)Accrued interest payable(3,550)— (3,550)— (3,550)(1) In 2023, the Corporation transition