Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 0

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
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Item 1. Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

Dollars in thousands, except share data

(unaudited)September 30, 2025December 31, 2024ASSETSCash and cash equivalents due from banks$79,772 $63,771 Interest-bearing deposits with Federal Reserve351,943 375,009 Interest-bearing deposits with other financial institutions6,373 4,255 Total cash and cash equivalents438,088 443,035 Debt securities available-for-sale, at fair value (amortized cost of $569,241 and $520,223, respectively)533,553 468,546 Debt securities held-to-maturity, at amortized cost (fair value of $235,114 and $282,970, respectively)249,247 306,081 Equity securities10,505 10,456 Loans held for sale— 762 Loans receivableSyndicated loans71,852 79,882 Loans6,396,344 4,529,074 Total loans receivable6,468,196 4,608,956 Less: allowance for credit losses(67,684)(47,357)Net loans receivable6,400,512 4,561,599 FHLB and other restricted stock holdings and investments60,859 40,702 Premises and equipment, net91,045 76,011 Operating & finance lease right-of-use assets58,917 52,715 Bank owned life insurance160,241 117,579 Mortgage servicing rights2,634 1,251 Goodwill and other intangibles93,773 43,874 Core deposit intangible, net34,727 206 Accrued interest receivable and other assets120,218 69,193 Total Assets$8,254,319 $6,192,010 LIABILITIES AND SHAREHOLDERS' EQUITYNoninterest-bearing demand deposits$1,105,414 $819,680 Interest-bearing demand deposits970,752 706,796 Savings3,686,511 3,122,028 Certificates of deposit1,137,590 722,860 Total deposits6,900,267 5,371,364 Short-term borrowings181,604 — Deposits held for sale92,830