Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 42

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 42
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 value of lease liabilities$40,030 $15,137 $55,167 (1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $3.4 million of legally binding minimum lease payments for leases signed, but not yet commenced.Lease terms and discount rates related to the Corporation's lease liabilities as of March 31, 2025 and December 31, 2024 were as follows:Lease Term and Discount RateMarch 31, 2025December 31, 2024Weighted-average remaining lease term (years)Operating leases22.622.8Finance leases34.334.6Weighted-average discount rateOperating leases4.22 %4.22 %Finance leases5.25 %5.24 %Other information related to the Corporation's lease liabilities as of March 31, 2025 and 2024, respectively, was as follows:Other InformationMarch 31, 2025March 31, 2024Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$286 $268 

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6.    DEPOSITS

The following table reflects time certificates of deposit accounts included in total deposits and their remaining maturities at March 31, 2025:Time deposits maturing:2025$511,578 2026207,929 202710,213 20284,161 20292,316 Thereafter1,405 $737,602 Certificates of deposits of $250 thousand or more totaled $140.4 million and $131.1 million at March 31, 2025 and December 31, 2024, respectively. The Corporation had $185.0 million in brokered deposits as of March 31, 2025 compared to $185.0 million at December 31, 2024. In addition, the Corporation had $921.6 million and $924.6 million in reciprocal deposits at March 31, 2025 and December 31, 2024, respectively.

7.    BORROWINGS

At March 31, 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 ("SO