Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 55

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 55
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 $62,196 (1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised.Lease terms and discount rates related to the Corporation's lease liabilities as of September 30, 2025 and December 31, 2024 were as follows:Lease Term and Discount RateSeptember 30, 2025December 31, 2024Weighted-average remaining lease term (years)Operating leases21.022.8Finance leases34.134.6Weighted-average discount rateOperating leases4.33 %4.22 %Finance leases5.32 %5.24 %Other information related to the Corporation's lease liabilities as of September 30, 2025 and 2024, respectively, was as follows:Other InformationSeptember 30, 2025September 30, 2024Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$983 $789 

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7.    DEPOSITS

The following table reflects time certificates of deposit accounts included in total deposits and their remaining maturities at September 30, 2025:Time deposits maturing:2025$333,217 2026694,592 202779,606 202813,772 202910,013 Thereafter6,390 $1,137,590 Certificates of deposits of $250 thousand or more totaled $203.4 million and $131.1 million at September 30, 2025 and December 31, 2024, respectively. The Corporation had $261.9 million in brokered deposits as of September 30, 2025 compared to $185.0 million at December 31, 2024. In addition, the Corporation had $903.2 million and $924.6 million in reciprocal deposits at September 30, 2025 and December 31, 2024, respectively.

8.    BORROWINGS

At September 30, 2025 and December 31, 2024, the Corporation had available one $10.0 million unsecured line of credit with an unaffiliated institution. Borrowings under the line of credit bear interest at a variable rate equal to the Secured Overnight Finance Rate ("SOFR") plus 2.85%. There was $10.0 million in borrowings under the line of credit at September 30, 2025