Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 222

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 222
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 loan portfolio. The taxable equivalent adjustment to net interest income for the six months ended June 30, 2025 and 2024 was $525 thousand and $431 thousand, respectively.

(3) Average loans receivable outstanding includes the average balance outstanding of all nonaccrual loans. Loans receivable consist of the average of total loans receivable less average unearned income. In addition, loans receivable interest income consists of loans receivable fees, including PPP deferred processing fees.

(4) Average balance is computed using the fair value of AFS securities and amortized cost of HTM securities. Average yield has been computed using amortized cost average balance for AFS and HTM securities. The adjustment to the average balance for securities in the calculation of average yield for the six months ended June 30, 2025 and 2024 was $(45.3) million and $(57.2) million, respectively.

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VOLUME ANALYSIS OF CHANGES IN NET INTEREST INCOME

The following table presents the change in net interest income for the three months ended June 30, 2025 and 2024:

Net Interest Income Rate-Volume VarianceFor Three Months Ended June 30, 2025 over (under) June 30, 2024 Due to Change In (1)VolumeRateNetAssetsSecurities:Taxable$352 $1,403 $1,755 Tax-exempt (2)(7)3 (4)Equity securities (2)10 (5)5 Total securities355 1,401 1,756 Loans receivable:Commercial (2)1,045 (514)531 Mortgage (2) (3)2,734 230 2,964 Consumer(41)(141)(182)Total loans receivable3,738 (425)3,313 Other earning assets843 (742)101 Total Earning Assets$4,936 $234 $5,170 Liabilities and Shareholders' EquityInterest-Bearing DepositsDemand – interest-bearing$6 $371 $377 Savings161 (4,339)(4,178)Time2,302 (19)2,283 Total interest-bearing deposits2,469 (3,987)(1,518)Short-Term Borrowings— — — Finance lease liabilities193 26 219 Subordinated debentures6 (68)(