Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 48

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 48
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 to the Corporation's lease liabilities as of June 30, 2025 and 2024, respectively, was as follows:Other InformationJune 30, 2025June 30, 2024Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$575 $535 

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6.    DEPOSITS

The following table reflects time certificates of deposit accounts included in total deposits and their remaining maturities at June 30, 2025:Time deposits maturing:2025$440,690 2026285,173 202711,644 20285,865 20294,104 Thereafter2,401 $749,877 Certificates of deposits of $250 thousand or more totaled $141.9 million and $131.1 million at June 30, 2025 and December 31, 2024, respectively. The Corporation had $185.0 million in brokered deposits as of June 30, 2025 compared to $185.0 million at December 31, 2024. In addition, the Corporation had $887.3 million and $924.6 million in reciprocal deposits at June 30, 2025 and December 31, 2024, respectively.

7.    BORROWINGS

At June 30, 2025 and December 31, 2024, the Corporation had available one $10.0 million unsecured line of credit with an unaffiliated institution. Borrowings under the line of credit bear interest at a variable rate equal to the Secured Overnight Finance Rate ("SOFR") plus 2.85%. There were no borrowings under the line of credit at June 30, 2025 and December 31, 2024.Federal Home Loan Bank BorrowingsThe Bank has the ability to borrow funds from the Federal Home Loan Bank of Pittsburgh ("FHLB"). The Bank maintains a $250.0 million line-of-credit (Open Repo Plus) with the FHLB which is a revolving term commitment available on an overnight basis. The term of this commitment may not exceed 364 days and it reprices daily at market rates. Under terms of a blanket collateral agreement with the FHLB, the line-of-credit and long term advances are secured by FHLB stock and the Bank pledges its single-family residential mortgage loan portfolio, certain commercial real estate loans, and certain agriculture real estate loans