Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 95

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 95
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(34)(2,304)695,103 (0.44)Obligations (other than securities and leases) of states and political subdivisions(1,130)— 153,797 — Other loans(83)— 26,516 — Other construction loans and all land development and other land loans(172)— 440,748 — Multifamily (5 or more) residential properties624 — 284,801 — Non-owner occupied, nonfarm nonresidential properties2,059 (329)908,534 (0.05)1-4 Family Construction(2)— 36,422 — Home equity lines of credit134 4 140,499 — Residential Mortgages secured by first liens937 (78)999,113 (0.01)Residential Mortgages secured by junior liens(122)— 95,184 — Other revolving credit plans78 (95)40,899 (0.31)Automobile(15)(47)23,242 (0.27)Other consumer1,653 (1,404)51,111 (3.67)Credit cards134 (112)13,975 (1.07)Overdrafts350 (349)248 (187.98)Total$6,180 $(5,368)$4,469,321 (0.16)%

(1) Excludes provision for credit losses related to unfunded commitments. Note 10, "Off-Balance Sheet Commitments and Contingencies," to the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation. 

Provision for credit losses was $18.5 million and $24.4 million for the three and nine months ended September 30, 2025, compared to $2.4 million and $6.3 million for the three and nine months ended September 30, 2024, respectively. The increase in provision for credit losses was primarily due to a $16.4 million reserve established for non-PCD loans acquired in the Merger, coupled with the impacts of higher loan portfolio growth and lower loan net charge-offs. In addition, included in the provision for credit losses for the three and nine months ended September 30, 2025 was a provision of $1 thousand and $181 thousand, respectively, related