Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 61

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 61
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1,125 $871 (1) Excludes provision for credit losses related to the loan portfolio.Investments in Small Business Investment Corporation and Community Development EntitiesThe Corporation makes investments in limited partnerships, including certain small business investment corporations and community development entities. Capital contributions for investments in small business companies ("SBIC") and community development entities ("CDE"), reported in FHLB and other restricted stock holdings and investments on the condensed consolidated balance sheet, as of September 30, 2025 and December 31, 2024 were $27.3 million and $23.5 million, respectively. Unfunded capital commitments in investments in SBICs and CDEs totaled $12.7 million and $8.0 million as of September 30, 2025 and December 31, 2024, respectively. These investments are accounted for under the equity method of accounting.Investments in Qualified Affordable Housing Project InvestmentsThe carrying value of investments in the low income housing partnerships, reported in FHLB and other restricted stock holdings and investments on the condensed consolidated balance sheet, as of September 30, 2025 and December 31, 2024 were $7.2 million and $7.3 million, respectively. The related amortization for the three and nine months ended September 30, 2025 was $360 thousand and $808 thousand, respectively, and for the three and nine months ended September 30, 2024 was $178 thousand and $533 thousand, respectively. Unfunded commitments, reported in accrued interest payable and other liabilities on the condensed consolidated balance sheets, as of September 30, 2025 and December 31, 2024 were $3.5 million and $3.7 million, respectively.

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Investments in Federal and State Rehabilitation/Historic Tax CreditFrom time to time, the Corporation invests in certain limited partnerships that were formed to provide certain federal and state rehabilitation/historic tax credits. The carrying value of these investments, reported in FHLB and other restricted stock holdings and investments on the condensed consolidated balance sheet, as of both September 30, 2025 and December 31, 2024 were $4.1 million. The investments do not have any related amortization for the three and nine months ended September 30, 2025 and 2024. Unfunded commitments, reported in accrued interest payable and other liabilities