Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 249

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 249
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The following table summarizes the maturity distribution schedule with corresponding weighted-average yields of HTM debt securities as of June 30, 2025:

June 30, 2025 WithinOne YearAfter One But WithinFive YearsAfter Five ButWithin TenYearsAfter TenYearsTotal $ Amt.Yield$ Amt.Yield$ Amt.Yield$ Amt.Yield$ Amt.YieldU.S. Government Sponsored Entities$53,438 1.45 %$133,639 1.56 %$13,890 1.73 %$— — %$200,967 1.54 %Residential and multi-family mortgage— — 230 2.89 3,976 2.78 64,859 2.34 69,065 2.37 Total$53,438 1.45 %$133,869 1.56 %$17,866 1.96 %$64,859 2.34 %$270,032 1.75 %

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The following table summarizes the weighted average modified duration of AFS securities as of June 30, 2025:

 Weighted Average Modified Duration (in Years)U.S. Government Sponsored Entities0.17 State and Political Subdivisions4.53 Residential and multi-family mortgage3.54 Corporate notes and bonds4.02 Pooled SBA2.23 Total3.71 

The following table summarizes the weighted average modified duration of securities HTM as of June 30, 2025:

 Weighted Average Modified Duration (in Years)U.S. Government Sponsored Entities1.99 Residential and multi-family mortgage5.08 Total2.78 

The portfolio contains no holdings of a single issuer that exceeds 10% of shareholders' equity other than U.S. government sponsored entities.

The Corporation generally purchases debt securities over time and does not attempt to "time" its transactions, which allows for more efficient management of fluctuations in the interest rate environment. The Corporation's strategy given the current environment is to focus on lower risk securities and shorter durations that complement the current portfolio investment ladder, coupled with consistent reinvestment of cash flows to replace lower earning assets.

The Corporation monitors the earnings performance and the effectiveness of the liquidity of the securities portfolio on a regular basis through meetings of the Asset/Liability Committee ("ALCO"). The ALCO also reviews and manages