Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 271

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 271
---
culated 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 June 30, 2025 and 2024 was $265 thousand and $214 thousand, respectively.

66

(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 consists of loans receivable fees, including PPP deferred processing fees.

(4) Average balance is computed using the fair value of AFS securities and amortized cost of HTM securities. Average yield has been computed using amortized cost average balance for AFS and HTM securities. The adjustment to the average balance for securities in the calculation of average yield for the three months ended June 30, 2025 and 2024 was $(42.6) million and $(59.2) million, respectively.

Average Balances, Income and Interest Rates on a Taxable Equivalent BasisFor the Six Months Ended, June 30, 2025June 30, 2024AverageBalanceAnnualRateInterestInc./Exp.AverageBalanceAnnualRateInterestInc./Exp.ASSETS:Securities:Taxable (1) (4)$768,379 2.77 %$11,157 $699,431 2.02 %$7,592 Tax-exempt (1) (2) (4)24,800 2.66 354 26,415 2.59 369 Equity securities (1) (2)7,543 5.64 211 6,864 5.68 194 Total securities (4)800,722 2.79 11,722 732,710 2.08 8,155 Loans receivable:Commercial (2) (3)1,469,962 6.73 49,033 1,423,097 6.88 48,652 Mortgage and loans held for sale (2) (3)3,035,103 6.10 91,868 2,883,824 6.12 87,734 Consumer (3)124,891 11.86 7,346 128,325 11.97 7,641