Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 60

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 60
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 2025December 31, 2024 Fixed RateVariable RateFixed RateVariable RateCommitments to extended credit$111,694 $499,225 $130,087 $321,677 Unused lines of credit63,623 1,013,299 24,037 851,846 Standby letters of credit22,095 13,557 19,301 2,797 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Corporation evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Corporation upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral that is held varies but may include securities, accounts receivable, inventory, property, plant and equipment, and residential and income-producing commercial properties.Allowance for Credit Losses on Unfunded Loan CommitmentsThe Corporation maintains an allowance for credit losses on unfunded commercial lending commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for credit losses for loans receivable, modified to take into account the probability of a draw-down on the commitment. The provision for credit losses on unfunded loan commitments is included in the provision for credit losses on the Corporation's condensed consolidated statements of income. The allowance for unfunded commitments is included in other liabilities in the condensed consolidated balance sheets. Note 5, "Loans Receivable and Allowance for Credit Losses," in the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to the loan portfolio of the Corporation.The following table presents activity in the allowance for credit losses on unfunded loan commitments for the three and nine months ended September 30, 2025 and 2024, respectively:Three Months EndedNine Months Ended September 30,September 30, 2025202420252024Beginning balance$1,124 $822 $944 $759 Provision for credit losses on unfunded loan commitments (1)1 49 181 112 Ending balance$1,125 $871 $