Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 185

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 185
---
 expense$941 $757 $2,518 $2,235 Variable lease costNet occupancy expense93 27 178 83 Finance lease cost:Amortization of leased assetsNet occupancy expense146 18 430 54 Interest on lease liabilitiesInterest expense - borrowed funds242 3 700 9 Sublease income (1)Net occupancy expense(24)(24)(75)(72)Net lease cost$1,398 $781 $3,751 $2,309 (1) Sublease income excludes rental income from owned properties.The following table sets forth future minimum rental payments under noncancellable leases with initial terms in excess of one year as of September 30, 2025:Maturity of Lease Liabilities as of September 30, 2025Operating Leases (1)Finance LeasesTotal2025$939 $260 $1,199 20263,654 1,042 4,696 20273,395 934 4,329 20283,369 978 4,347 20293,198 9784,176 After 202956,943 38,13495,077 Total lease payments71,498 42,326 113,824 Less: Interest27,371 24,257 51,628 Present value of lease liabilities$44,127 $18,069 $62,196 (1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised.Lease terms and discount rates related to the Corporation's lease liabilities as of September 30, 2025 and December 31, 2024 were as follows:Lease Term and Discount RateSeptember 30, 2025December 31, 2024Weighted-average remaining lease term (years)Operating leases21.022.8Finance leases34.134.6Weighted-average discount rateOperating leases4.33 %4.22 %Finance leases5.32 %5.24 %Other information related to the Corporation's lease liabilities as of September 30, 2025 and 2024, respectively, was as follows:Other InformationSeptember 30, 2025September 30, 2024Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$983 $789 

36

7.    DEPOSITS

The following table reflects time certificates of