Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 274

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 274
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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)(62)Total Interest-Bearing Liabilities$2,668 $(4,029)$(1,361)Change in Net Interest Income$2,268 $4,263 $6,531 

(1) Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to volume changes.

(2) Changes in interest income on tax-exempt securities and loans receivable are presented on a fully taxable-equivalent basis, using the Corporation's marginal federal income tax rate of 21% for the three months ended June 30, 2025 and June 30, 2024.

(3) Includes loans held for sale.

68

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

Net Interest Income Rate-Volume VarianceFor Six Months Ended June 30, 2025 over (under) June 30, 2024 Due to Change In (1)VolumeRateNetAssetsSecurities:Taxable$707 $2,858 $3,565 Tax-exempt (2)(24)9 (15)Equity securities (2)18 (1)17 Total securities701 2,866 3,567 Loans receivable:Commercial (2)1,474 (1,093)381 Mortgage (2) (3)4,435 (301)4,134 Consumer(227)(68)(295)Total loans receivable5,