Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 199

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 199
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als may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management also adjusts appraised values based on the length of time that has passed since the appraisal date and other factors. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower's financial statements, or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation, and management's expertise and knowledge of the client and client's business, resulting in a Level 3 fair value classification. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the allowance policy.Assets and liabilities measured at fair value on a recurring basis are as follows at September 30, 2025 and December 31, 2024:  Fair Value Measurements at September 30, 2025 Using:Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsDescriptionTotal(Level 1)(Level 2)(Level 3)Assets:Securities Available-For-Sale:U.S. Government sponsored entities$74,904 $49,962 $24,942 $— States and political subdivisions89,041 — 89,041 — Residential and multi-family mortgage310,827 — 310,827 — Corporate notes and bonds51,062 — 51,062 — Pooled SBA7,719 — 7,719 — Total Securities Available-For-Sale$533,553 $49,962 $483,591 $— Interest Rate swaps$6,429 $— $6,429 $— Equity Securities:Corporate equity securities$4,633 $4,633 $— $— Mutual funds4,026 4,026 — — Money market funds219 219 — — Corporate notes1,627 — 1,627 — Total Equity Securities$10,505 $8,878 $1,627 $— Liabilities:Interest Rate Swaps$(6,429