Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 162

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 162
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 to proactively evaluate its estimate of expected credit losses as new information becomes available.Provision for credit losses was $18.5 million and $24.4 million for the three and nine months ended September 30, 2025, respectively, compared to $2.4 million and $6.3 million for the three and nine months ended September 30, 2024, respectively. The increase in provision for credit losses was primarily due to a $16.4 million reserve established for non-PCD loans acquired in the Merger, coupled with the impacts of higher loan portfolio growth and lower loan net charge-offs. In addition, included in the provision for credit losses for the three and nine months ended September 30, 2025 was a provision of $1 thousand and $181 thousand, respectively, related to the allowance for unfunded commitments compared to $49 thousand and $112 thousand provision, related to the allowance for unfunded commitments for the three and nine months ended September 30, 2024, respectively.The following tables present the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of September 30, 2025 and December 31, 2024, respectively:September 30, 2025NonaccrualNonaccrual With No Allowance for Credit LossLoans Receivable Past Due over 89 Days Still AccruingFarmland$477 $477 $— Owner-occupied, nonfarm nonresidential properties5,372 4,156 — Commercial and Industrial9,143 8,437 — Other construction loans and all land development and other land loans3,781 195 — Multifamily (5 or more) residential properties330 330 — Non-owner occupied, nonfarm nonresidential properties3,786 3,786 — Home equity lines of credit1,658 1,408 — Residential Mortgages secured by first liens10,283 9,493 — Residential Mortgages secured by junior liens369 369 — Other revolving credit plans31 31 — Automobile64 64 — Other consumer719 719 — Credit cards— — 86 Total$36,013 $29,465 $86 

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December 31, 2024