Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 6

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 6
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30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income$25,437 $25,557 Adjustments to reconcile net income to net cash provided by operations:Provision for credit loss expense5,894 3,911 Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights3,900 3,921 Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income(3,414)(2,467)Net amortization of deferred costs on borrowings152 152 Net realized and unrealized gains on equity securities(318)(111)Gain on sale of loans held for sale(119)(344)Net losses on dispositions of premises and equipment and foreclosed assets140 88 Proceeds from sale of loans receivable8,775 11,906 Origination of loans held for sale(9,163)(12,439)Income on bank owned life insurance(1,556)(1,551)Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value)(180)— Restricted stock compensation expense1,100 1,365 Change in:Accrued interest receivable and other assets6 (13,187)Accrued interest payable, lease liabilities, and other liabilities1,175 6,099 NET CASH PROVIDED BY OPERATING ACTIVITIES31,829 22,900 CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from maturities, prepayments and calls of available-for-sale securities50,848 21,234 Purchase of available-for-sale securities(93,211)(41,313)Proceeds from maturities, prepayments and calls of held-to-maturity securities36,540 34,890 Purchase of equity securities(163)(242)Proceeds from sales of loans classified as portfolio loans— 11,182 Net increase in loans receivable(125,882)(23,532)Proceeds from death benefit of bank owned life insurance policies884 — Purchase of FHLB, other equity, and restricted equity interests(1,490)(9,404)Purchase of premises and equipment(4,087)(8,742)Proceeds from the sale of premises and equipment and foreclosed assets1,451 188 NET CASH USED BY INVESTING ACT