Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 237

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 237
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 and HTM securities. The adjustment to the average balance for securities in the calculation of average yield for the nine months ended September 30, 2025 and 2024 was $(43.2) million and $(55.1) million, respectively.

69

VOLUME ANALYSIS OF CHANGES IN NET INTEREST INCOME

The following table presents the change in net interest income for the three months ended September 30, 2025 and 2024:

Net Interest Income Rate-Volume VarianceFor Three Months Ended September 30, 2025 over (under) September 30, 2024 Due to Change In (1)VolumeRateNetAssetsSecurities:Taxable$602 $1,569 $2,171 Tax-exempt (2)(7)3 (4)Equity securities (2)201 (208)(7)Total securities796 1,364 2,160 Loans receivable:Commercial (2)3,379 (166)3,213 Mortgage (2) (3)19,898 (424)19,474 Consumer(121)(128)(249)Total loans receivable23,156 (718)22,438 Other earning assets2,020 (1,134)886 Total Earning Assets$25,972 $(488)$25,484 Liabilities and Shareholders' EquityInterest-Bearing DepositsDemand – interest-bearing$492 $322 $814 Savings3,828 (6,089)(2,261)Time5,114 (348)4,766 Total interest-bearing deposits9,434 (6,115)3,319 Short-Term Borrowings— 2,251 2,251 Finance lease liabilities227 20 247 Subordinated debentures8 (58)(50)Total Interest-Bearing Liabilities$9,669 $(3,902)$5,767 Change in Net Interest Income$16,303 $3,414 $19,717 

(1) Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to volume changes.

(2) Changes in interest income on tax-exempt securities and loans receivable are presented on a fully taxable-equivalent basis, using the Corporation's marginal federal income tax rate of 21% for the three months ended September 30, 2025 and September