Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 226

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 226
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23,242 (0.27)Other consumer1,653 (1,404)51,111 (3.67)Credit cards134 (112)13,975 (1.07)Overdrafts350 (349)248 (187.98)Total$6,180 $(5,368)$4,469,321 (0.16)%

(1) Excludes provision for credit losses related to unfunded commitments. Note 10, "Off-Balance Sheet Commitments and Contingencies," to the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation. 

Provision for credit losses was $18.5 million and $24.4 million for the three and nine months ended September 30, 2025, compared to $2.4 million and $6.3 million for the three and nine months ended September 30, 2024, respectively. The increase in provision for credit losses was primarily due to a $16.4 million reserve established for non-PCD loans acquired in the Merger, coupled with the impacts of higher loan portfolio growth and lower loan net charge-offs. In addition, included in the provision for credit losses for the three and nine months ended September 30, 2025 was a provision of $1 thousand and $181 thousand, respectively, related to the allowance for unfunded commitments compared to $49 thousand and $112 thousand provision, related to the allowance for unfunded commitments for the three and nine months ended September 30, 2024, respectively.

DEPOSITS

The Corporation's sources of funds are deposits, borrowings, amortization and repayment of loan principal, interest earned on or maturation of investment securities, and funds provided from operations. The Corporation considers deposits to be its primary source of funding in support of growth in assets.

September 30, 2025Percent of Deposits in Each Category to Total DepositsDecember 31, 2024Percent of Deposits in Each Category to Total DepositsPercentage Change in Each Category 2025 vs. 2024Demand, noninterest-bearing$1,105,414 16.0 %$819,680 15.2 %34.9%Demand, interest-bearing970,752 14.1 706,796 13.2 37.3Savings deposits3,686,511 53.4