Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 161

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 161
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 political subdivisions2,627 — — (1,130)1,497 Other loans389 — — (83)306 Other construction loans and all land development and other land loans2,830 — — (172)2,658 Multifamily (5 or more) residential properties1,251 — — 624 1,875 Non-owner occupied, nonfarm nonresidential properties9,783 (349)20 2,059 11,513 1-4 Family Construction191 — — (2)189 Home equity lines of credit844 — 4 134 982 Residential Mortgages secured by first liens8,274 (78)— 937 9,133 Residential Mortgages secured by junior liens1,487 — — (122)1,365 Other revolving credit plans977 (117)22 78 960 Automobile360 (53)6 (15)298 Other consumer2,656 (1,562)158 1,653 2,905 Credit cards95 (126)14 134 117 Overdrafts292 (415)66 350 293 Total loans$45,832 $(5,759)$391 $6,180 $46,644 ) 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.The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, delinquency status and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions.

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For the three and nine months ended September 30, 2025, the allowance for credit losses increased $19.4 million and $20.3 million, respectively, primarily driven by the Merger and the $1.9 million in PCD allowance and $16.4 million in non-PCD allowance established on the acquisition date, coupled with growth in the Corporation's loan portfolio. Significant uncertainty persists regarding the domestic and global economy due to changes to U.S. tariffs and corresponding policy changes by U.S. trading partners, continued elevated interest rates, fluctuating levels of consumer confidence, and geopolitical conflicts. Management will continue