Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 197

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 197
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 $99 thousand. The number of authorized stock-based awards still available for grant as of December 31, 2024 was 26,728.

16.  Regulatory Capital Matters

Banks and financial holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, for the Bank, prompt corrective action ("PCA") regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can result in regulatory enforcement actions. The net unrealized gain or loss on AFS debt securities is excluded from computing regulatory capital. Management believes as of December 31, 2024 the Corporation and the Bank meet all capital adequacy requirements to which they are subject.The PCA regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms alone do not represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion; brokered deposits may not be accepted, renewed or rolled over; and capital restoration plans are required. As of December 31, 2024 and 2023, the most recent regulatory notifications categorized the Bank as well capitalized under the PCA. There are no events or conditions since this notification that management believes have changed the Bank’s capital category.

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Actual and required capital amounts and ratios are presented below as of December 31, 2024 and 2023. The capital adequacy ratio includes the capital conservation buffer. ActualFor CapitalAdequacy Purposes (1)To Be Well CapitalizedUnder Prompt CorrectiveAction Provisions AmountRatioAmountRatioAmountRatioDecember 31, 2024Total Capital to Risk Weighted AssetsConsolidated$764,161 16.16 %$496,541 10.50 %N/AN/ABank639,971 13.59 494,609 10.50 $471,057 10.00 %Tier 1 (Core) Capital to Risk Weighted AssetsConsolidated634,131 13.41 401,962 8.50 N/AN/ABank596,615 12.67 400,398 8.50 376,845 8.00 Common equity Tier