Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 95

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 95
---
31, 2024 if the net unrealized losses at the respective dates were fully recognized. Additionally, the Corporation continued to maintain excess liquidity totaling approximately $102.2 million of liquid funds at June 30, 2025, which more than covers the $55.6 million in combined available-for-sale and held-to-maturity unrealized losses on investments held primarily in its wholly-owned banking subsidiary, as an immediately available source of contingent capital to be down-streamed to the Bank, if necessary.

65

AVERAGE BALANCES, INTEREST RATES AND YIELDS

The loans receivable categories used to monitor and analyze interest income and yields are different than the portfolio segments used to determine the allowance for credit losses for loans receivable. The allowance for credit losses was calculated by pooling loans of similar credit risk characteristics and credit monitoring procedures. See Note 4, "Loans Receivable and Allowance for Credit Losses," for more information about pooling of loans receivable for the allowance for credit losses.

The following table presents average balances of certain measures of our financial condition and net interest margin for the three months ended June 30, 2025 and 2024: 

Average Balances, Income and Interest Rates on a Taxable Equivalent BasisFor the Three Months Ended, June 30, 2025June 30, 2024AverageBalanceAnnualRateInterestInc./Exp.AverageBalanceAnnualRateInterestInc./Exp.ASSETS:Securities:Taxable (1) (4)$771,152 2.82 %$5,696 $702,036 2.09 %$3,941 Tax-exempt (1) (2) (4)24,260 2.64 174 25,088 2.59 178 Equity securities (1) (2)7,670 5.44 104 6,963 5.72 99 Total securities (4)803,082 2.83 5,974 734,087 2.14 4,218 Loans receivable:Commercial (2) (3)1,473,560 6.71 24,664 1,416,476 6.85 24,133 Mortgage and loans held for sale (2) (3)3,068,519 6.18 47,295 2,897,473 6.15 44,331 Consumer (3)125,