Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 103

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 103
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03 5,684 Total interest-bearing deposits5,477,057 2.75 37,941 4,319,606 3.19 34,622 Short-term borrowings218,871 4.08 2,251 — 0.00 — Finance lease liabilities18,079 5.49 250 236 5.06 3 Subordinated notes and debentures105,380 4.04 1,074 105,077 4.26 1,124 Total interest-bearing liabilities5,819,387 2.83 $41,516 4,424,919 3.21 $35,749 Demand—noninterest-bearing1,078,091 795,771 Other liabilities109,541 88,441 Total liabilities7,007,019 5,309,131 Shareholders' equity776,976 597,984 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$7,783,995 $5,907,115 Interest income/Earning assets5.96 %$108,959 5.98 %$83,475 Interest expense/Interest-bearing liabilities2.83 41,516 3.21 35,749 Net interest spread3.13 %$67,443 2.77 %$47,726 Interest income/Earning assets5.96 %$108,959 5.98 %$83,475 Interest expense/Earning assets2.27 41,516 2.56 35,749 Net interest margin (fully tax-equivalent)3.69 %$67,443 3.42 %$47,726 

(1) Includes unamortized discounts and premiums.

(2) Average yields are stated on a fully taxable equivalent basis (calculated using statutory rates of 21%) resulting from tax-free municipal securities in the investment portfolio and tax-free municipal loans in the commercial loan portfolio. The taxable equivalent adjustment to net interest income for the three months ended September 30, 2025 and 2024 was $314 thousand and $240 thousand, respectively.

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(3) Average loans receivable outstanding includes the average balance outstanding of all nonaccrual loans. Loans receivable consist of the average of total loans receivable less average unearned income. In addition, loans receivable interest income