Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 202

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 202
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 loan's collateral may be determined using an appraisal, net book value per the borrower's financial statements, or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation, and management's expertise and knowledge of the client and client's business.

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The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2025:FairvalueValuationTechniqueUnobservable InputsRange(WeightedAverage)Collateral-dependent loans receivable:Farmland$313 Valuation of third party appraisal on underlying collateralLoss severity rates43% (43%)Owner-occupied, nonfarm nonresidential properties1,417 Valuation of third party appraisal on underlying collateralLoss severity rates22%-67% (38%)Commercial and industrial3,164 Valuation of third party appraisal on underlying collateralLoss severity rates10%-100% (43%)Other construction loans and all land development loans and other land loans3,383 Valuation of third party appraisal on underlying collateralLoss severity rates38%-44% (40%)Multifamily (5 or more) residential properties182 Valuation of third party appraisal on underlying collateralLoss severity rates42% (42%)Non-owner occupied, nonfarm nonresidential3,087 Valuation of third party appraisal on underlying collateralLoss severity rates51% (51%)Home equity lines of credit946 Valuation of third party appraisal on underlying collateralLoss severity rates29%-44% (35%)Residential Mortgages secured by first liens1,278 Valuation of third party appraisal on underlying collateralLoss severity rates31%-55% (43%)The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2024:FairvalueValuationTechniqueUnobservable InputsRange(WeightedAverage)Collateral-dependent loans receivable:Farmland$352 Valuation of third party appraisal on underlying collateralLoss severity rates37% (37%)Owner-occupied, nonfarm nonresidential properties2,531 Valuation of third party appraisal on underlying collateralLoss severity rates22%-44% (25%)Commercial and industrial2,334 Valuation of third party appraisal on underlying collateralLoss severity rates9%-100% (31%)Other construction loans and all land development loans and other land loans1,196