Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 259

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 259
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 consumer confidence, and geopolitical conflicts. Management will continue to proactively evaluate its estimate of expected credit losses as new information becomes available.

Note 4, "Loans Receivable and Allowance for Credit Losses," to the condensed consolidated financial statements provides further disclosure of loan balances by portfolio segment as of June 30, 2025 and December 31, 2024.

59

Additional information related to provision for credit loss expense and net charge-offs and recoveries for the three months ended June 30, 2025 and 2024 is presented in the tables below. 

Three Months Ended June 30, 2025Provision (Benefit) for Credit Losses on Loans Receivable (1)Net(Charge-Offs)RecoveriesAverage Loans ReceivableRatio of Annualized Net (Charge-Offs) Recoveries to Average Loans ReceivableFarmland$(4)$— $30,382 — %Owner-occupied, nonfarm nonresidential properties178 (1,478)537,906 (1.10)Agricultural production and other loans to farmers(2)— 6,619 — Commercial and Industrial1,207 (74)727,250 (0.04)Obligations (other than securities and leases) of states and political subdivisions(43)— 141,742 — Other loans88 — 29,661 — Other construction loans and all land development and other land loans166 — 284,981 — Multifamily (5 or more) residential properties585 (1,072)423,805 (1.01)Non-owner occupied, nonfarm nonresidential properties217 — 1,036,139 — 1-4 Family Construction(22)— 16,469 — Home equity lines of credit163 10 179,065 0.02 Residential Mortgages secured by first liens770 (7)1,021,072 — Residential Mortgages secured by junior liens121 — 106,988 — Other revolving credit plans197 (20)35,361 (0.23)Automobile(10)(5)19,739 (0.10)Other consumer609 (586)55,317 (4.25)Credit cards10 10 15,377 0.26 Overdrafts45 (81)178 (182