Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 209

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 209
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 comparison of budgeted versus actual net income results are used in assessing the banking segment’s performance and in establishing management’s compensation. 

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Information reported internally for performance assessment by the CODM follows, including reconciliation to the financial statements.Year ended December 31,202420232022Interest and Dividend Income:Loans including feesInterest and fees on loans$293,544 $273,220 $194,149 PPP fees— 3 1,889 Investment Securities31,926 20,473 17,700 Total interest and dividend income325,470 293,696 213,738 Interest Expense:Deposits133,493 97,770 19,833 Borrowed funds4,508 6,097 4,246 Total interest expense138,001 103,867 24,079 NET INTEREST INCOME187,469 189,829 189,659 PROVISION FOR CREDIT LOSS EXPENSE9,222 5,993 8,589 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE178,247 183,836 181,070 NON-INTEREST INCOME:Service charges on deposit accounts6,990 7,372 7,206 Other service charges and fees2,973 3,010 3,196 Wealth and asset management fees7,845 7,251 7,172 Security gains (losses), net828 (335)(498)Mortgage banking673 676 1,237 Bank owned life insurance3,110 2,945 3,433 Card processing and interchange income8,666 8,301 7,797 Other non-interest income8,029 4,115 5,223 Total non-interest income39,114 33,335 34,766 NON-INTEREST EXPENSES:Salaries54,089 50,871 44,495 Incentive2,465 2,847 9,875 Benefits17,982 17,344 17,090 Net occupancy expense14,737 14,509 13,298 Technology expense21,805 20,202 17,041 State and local taxes4,726 4,126 4,078 Legal, professional and examination fees4,217 4,414 4,173 Advertising2,545 3,