Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 117

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 117
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 115,761 (625,913)CASH AND CASH EQUIVALENTS, Beginning222,046 106,285 732,198 CASH AND CASH EQUIVALENTS, Ending$443,035 $222,046 $106,285 

See Notes to Consolidated Financial Statements

64

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

Dollars in thousands

 Year ended December 31,202420232022SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for:Interest$134,399 $102,156 $26,804 Income taxes12,908 12,006 17,423 SUPPLEMENTAL NONCASH DISCLOSURES:Transfers to other real estate owned$1,453 $874 $785 Transfers from loans held for sale to loans held for investment1,394 1,666 6,448 Transfers from loans held for investment to loans held for sale438 166 — Transfer of securities from available-for-sale to held-to-maturity— — 220,757 Grant of restricted stock awards from treasury stock3,025 2,743 1,000 Grant of performance based restricted stock awards from treasury stock179 111 173 Restricted stock forfeiture360 134 36 Contribution of stock from treasury stock— 81 44 Lease liabilities arising from obtaining operating right-of-use assets4,084 5,001 13,371 Lease liabilities arising from obtaining finance right-of-use assets14,951 — — See Notes to Consolidated Financial Statements

65

Notes to Consolidated Financial Statements

1.  Summary of Significant Accounting Policies

Unless otherwise indicated, dollar amounts in tables are stated in thousands, except for per share amounts.Business and OrganizationCNB Financial Corporation (the "Corporation") is headquartered in Clearfield, Pennsylvania, and provides a full range of banking and related services through its wholly owned subsidiary, CNB Bank (the "Bank"). In addition, the Bank provides wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans as well as a full range of wealth management services. The Bank serves individual and corporate customers and is subject to competition from other financial institutions and intermediaries with respect to these services. In addition to the Bank, the Corporation also operates a consumer