Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 146

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 146
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), with the associated pre-tax amount retained in the carrying value of the HTM debt securities. Such amounts will be amortized to comprehensive income over the remaining life of the securities.

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Information pertaining to AFS security sales is as follows:Year ended December 31ProceedsGross GainsGross Losses2024$806 $83 $9 202313,151 52 — 202222,164 651 — The tax provision related to these net realized gains at December 31, 2024, 2023, and 2022 were $16 thousand, $11 thousand, and $137 thousand, respectively.The following is a schedule of the contractual maturity of AFS and HTM debt securities, excluding equity securities, at December 31, 2024: Available-for-saleHeld-to-maturity Amortized CostFair ValueAmortized CostFair Value1 year or less$23,840 $23,789 $52,148 $51,496 1 year – 5 years47,805 44,781 158,625 148,881 5 years – 10 years65,830 57,461 18,731 15,773 After 10 years20,367 14,945 — — 157,842 140,976 229,504 216,150 Residential and multi-family mortgage352,983 318,910 76,577 66,820 Pooled SBA9,398 8,660 — — Total debt securities$520,223 $468,546 $306,081 $282,970 Mortgage securities and pooled SBA securities are not due at a single date; periodic payments are received based on the payment patterns of the underlying collateral.On December 31, 2024 and 2023, securities carried at $443.9 million and $489.0 million, respectively, were pledged to secure public deposits and for other purposes as provided by law.At December 31, 2024 and 2023, there were no holdings of securities by any one issuer, other than U.S. Government sponsored entities, in an amount greater than 10% of shareholders’ equity.AFS debt securities with unrealized losses at December 31, 2024 and 2023, aggregated by investment category and length of time that individual securities have been in a continuous unrealized