Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 109

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 109
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 institutions4,255 2,872 Total cash and cash equivalents443,035 222,046 Debt securities available-for-sale, at fair value (amortized cost of $520,223 as of December 31, 2024 and $395,803 as of December 31, 2023)468,546 341,955 Debt securities held-to-maturity, at amortized cost (fair value $282,970 as of December 31, 2024 and $360,570, as of December 31, 2023)306,081 388,968 Equity securities10,456 9,301 Loans held for sale762 675 Loans receivableSyndicated loans79,882 108,710 Loans4,529,074 4,359,766 Total loans receivable4,608,956 4,468,476 Less: allowance for credit losses(47,357)(45,832)Net loans receivable4,561,599 4,422,644 FHLB and other restricted stock holdings and investments40,702 30,011 Premises and equipment, net76,011 73,700 Operating & finance lease right-of-use assets52,715 35,699 Bank owned life insurance117,579 114,468 Mortgage servicing rights1,251 1,554 Goodwill and other intangible assets43,874 43,874 Core deposit intangible, net206 280 Accrued interest receivable and other assets69,193 67,782 Total Assets$6,192,010 $5,752,957 LIABILITIES AND SHAREHOLDERS’ EQUITYNoninterest-bearing demand deposits$819,680 $728,881 Interest-bearing demand deposits706,796 803,093 Savings3,122,028 2,960,282 Certificates of deposit722,860 506,494 Total deposits5,371,364 4,998,750 Subordinated debentures20,620 20,620 Subordinated notes, net of unamortized issuance costs84,570 84,267 Operating lease liabilities40,315 37,650 Accrued interest payable and other liabilities64,446 40,423 Total liabilities5,581,315 5,181,710 Commitments and contingent liabilitiesPreferred