Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 67

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 67
---
SEGMENT REPORTING

The Corporation generates revenue through the operation of a full-service bank and manages the business activities on a consolidated basis. The nature of the products and services offered, and the types of customers served are similar across the geographic footprint the Bank operates in. The banking segment derives its revenue primarily through the operations as a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. There are branch offices located in Pennsylvania, Ohio, New York and Virginia. The accounting policies of the banking segment are the same as those described in the summary of significant accounting policies. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. The Corporation's CODM is the Chief Executive Officer, Michael D. Peduzzi. The CODM assesses performance for the banking segment and decides how to allocate resources based on consolidated net income as reported on the income statement. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income to evaluate overall financial performance and profitability, and it is utilized as a key metric in evaluating the achievement of the Corporation's strategic plan. Net income is used to monitor budget versus actual results. The comparison of budgeted versus actual net income results are used in assessing the banking segment's performance and in establishing management's compensation. 

47

Information reported internally for performance assessment by the CODM follows, including reconciliation to the financial statements.Three Months Ended June 30,Six Months Ended June 30,2025202420252024INTEREST AND DIVIDEND INCOME:Loans including feesInterest and fees on loans$75,408 $72,142 $147,787 $143,655 Investment Securities10,363 8,510 20,363 14,902 Total interest and dividend income85,771 80,652 168,150 158,557 Interest Expense:Deposits32,276 33,794 64,910 65,342 Borrowed funds1,298 1,141 2,612 2,276 Total interest expense33,574 34,935 67,522 67,618 NET INTEREST INCOME52,197 45,717 100,628 90,939 PROVISION FOR CREDIT LOSS EXPENSE4,338 2,591 5,894 3,911