Cnb financial corp/pa (CCNE)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST AND DIVIDEND INCOME:
Loans including fees

139,867

118,193

97,005

81,209

71,814

69,512

53,927

49,760

48,324

46,955

45,839

Securities:
Deposits with banks

-

-

-

-

-

-

-

-

-

125

215

Taxable

12,472

9,921

8,165

9,134

10,977

13,257

13,456

14,688

14,395

11,603

7,687

Tax-exempt

2,372

2,739

2,983

3,390

3,778

3,713

3,828

3,595

2,957

2,435

2,095

Dividends

1,017

1,017

721

582

609

400

205

86

36

29

34

Total interest and dividend income

155,728

131,870

108,874

94,315

87,178

86,882

71,416

68,129

65,712

61,147

55,870

INTEREST EXPENSE:
Deposits

30,202

17,228

9,312

8,470

8,498

8,300

7,995

10,875

13,625

13,558

13,091

Borrowed funds

5,349

5,856

4,021

2,981

3,222

3,241

3,447

3,245

3,176

4,716

4,527

Subordinated debentures (includes $21 and $6 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements, respectively)

3,979

3,866

4,032

-

-

-

-

-

-

-

-

Subordinated debentures (includes $11, $44, $31 and $149 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements, respectively)

-

-

-

1,577

751

746

770

800

778

782

850

Total interest expense

39,530

26,950

17,365

13,028

12,471

12,287

12,212

14,920

17,579

19,056

18,468

NET INTEREST INCOME

116,198

104,920

91,509

81,287

74,707

74,595

59,204

53,209

48,133

42,091

37,402

Provision for Loan and Lease Losses

6,024

6,072

6,655

4,149

2,560

3,840

6,138

6,381

4,937

5,158

4,465

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

110,174

98,848

84,854

77,138

72,147

70,755

53,066

46,828

43,196

36,933

32,937

Noninterest Income [Abstract]
Service Charges On Deposit Accounts

6,402

5,759

4,809

4,297

-

-

-

-

-

-

-

Other service charges and fees

2,930

2,833

2,454

2,539

-

-

-

-

-

-

-

Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions

4,627

4,172

3,724

3,087

-

-

-

-

-

-

-

Debt Securities, Available-for-sale, Realized Gain (Loss)

148

0

1,543

1,005

-

-

-

-

-

-

-

Net realized gains on trading securities

16

151

93

-

-

-

-

-

-

-

-

Net unrealized gains (losses) on trading securities

1,872

-602

788

-

-

-

-

-

-

-

-

Gain (Loss) on Visa Class B Shares

463

0

0

-

-

-

-

-

-

-

-

Wealth and asset management fees

-

-

-

-

-

-

-

-

-

1,829

1,451

Service charges on deposit accounts

-

-

-

-

4,442

4,560

4,272

4,106

4,233

4,226

4,309

Other service charges and fees

-

-

-

-

3,089

2,809

2,179

1,868

1,626

1,396

1,322

Wealth and asset management fees

-

-

-

-

2,977

2,860

2,426

1,819

1,691

-

-

Total Fees and Commissions

-

-

-

-

-

-

-

-

10,503

10,231

9,998

Total other-than-temporary impairment losses on available-for-sale securities

-

-

-

-

-

-

-

-

398

2,241

2,443

Less portion of loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

0

-

-

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

398

-

-

Net realized gains on available-for-sale securities (includes $0 and $1,383 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2018 and 2017, respectively)

-

-

-

-

666

429

355

1,379

614

-

-

Net realized gains on trading securities

-

-

-

70

-211

10

579

298

30

-

-

Net unrealized gains (losses) on trading securities

-

-

-

433

-2

111

149

266

34

-

-

Mortgage Banking

1,412

1,019

906

1,095

-

-

-

-

-

-

-

Net realized gains (losses) from sales of securities for which fair value was elected

-

-

-

-

-

-

-

-

-

-68

0

Net unrealized gains on securities for which fair value was elected

-

-

-

-

-

-

-

-

-

230

293

Mortgage banking

-

-

-

-

746

781

940

990

735

814

1,058

Bank Owned Life Insurance Income

1,317

1,408

1,659

1,082

1,194

1,041

1,552

973

930

802

720

Card Processing and Interchange Income

4,641

4,261

3,763

3,396

3,417

3,323

-

-

-

-

-

Gain (Loss) on Disposition of Business

0

0

536

0

0

-

-

-

-

-

-

Other

2,147

1,722

1,160

687

-

-

-

-

-

-

-

Other

-

-

-

-

776

565

1,314

965

1,224

1,002

845

Less portion of loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

0

-

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

2,241

-

Less portion of loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

0

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

2,443

Net realized gains on available-for-sale securities

-

-

-

-

-

-

-

-

-

1,660

395

Net impairment losses recognized in earnings and realized gains on available-for-sale securities

-

-

-

-

-

-

-

-

-216

581

2,048

Total non-interest income

25,975

20,723

21,435

17,691

17,094

16,489

13,766

12,664

10,719

9,650

7,950

NON-INTEREST EXPENSES:
Salaries and benefits

35,212

31,323

26,205

23,472

21,652

19,530

15,467

13,106

12,349

11,358

-

Salaries

-

-

-

-

-

-

-

-

-

-

10,403

Employee benefits (includes $23, $84, and $192 accumulated other comprehensive income reclassifications for net amortization of actuarial losses in 2019, 2018, and 2017, respectively)

11,193

10,533

9,821

8,722

7,911

7,461

6,250

5,787

4,936

4,328

4,257

Net occupancy expense

11,221

10,281

9,546

8,064

7,000

6,911

5,506

4,651

4,416

4,326

4,071

Amortization of core deposit intangible

567

898

1,229

1,125

1,008

1,180

251

0

0

-

-

Data processing

4,994

4,586

3,944

4,447

4,297

3,996

3,469

2,791

2,754

2,797

2,488

State and local taxes

3,140

3,441

2,815

-

-

-

-

-

-

-

-

State and local taxes

-

-

-

2,171

1,868

1,895

1,549

1,474

1,275

1,162

908

Legal, professional, and examination fees

2,514

1,851

1,819

1,772

1,553

1,363

1,318

1,265

956

-

-

Legal, professional and examination fees

-

-

-

-

-

-

-

-

-

849

897

Advertising

2,113

2,345

2,243

1,799

1,580

1,455

939

859

822

795

620

FDIC insurance premiums

1,252

1,396

1,182

1,229

1,278

1,322

1,266

1,115

1,259

1,619

1,747

Intangible asset amortization

-

-

-

-

-

-

-

-

-

-

100

Directors fees and benefits

1,352

885

1,063

1,582

812

625

776

666

591

437

732

Prepayment penalties — long-term borrowings

-

-

-

1,506

0

0

-

-

-

-

-

Core processing conversion costs

-

-

-

1,693

108

0

-

-

-

-

-

Merger costs

170

0

0

486

308

0

2,396

-

-

-

-

Card processing and interchange expenses

2,891

2,834

2,116

1,889

2,295

2,168

-

-

-

-

-

Merger costs

-

-

-

-

-

-

-

0

0

-

-

Other

10,889

8,969

8,054

7,161

7,082

6,950

4,626

4,231

3,924

4,127

3,798

Total non-interest expenses

87,508

79,342

70,037

67,118

58,752

54,856

43,813

35,945

33,282

31,798

30,021

INCOME BEFORE INCOME TAXES

48,641

40,229

36,252

27,711

30,489

32,388

23,019

-

-

-

-

INCOME BEFORE INCOME TAXES

-

-

-

-

-

-

-

23,547

20,633

14,785

10,866

INCOME TAX EXPENSE (includes ($4) and $30 income tax expense from reclassification items, respectively)

8,560

6,510

12,392

7,171

8,292

9,314

6,340

6,411

5,529

3,469

2,354

Net Income (Loss) Attributable to Parent

40,081

33,719

23,860

20,540

22,197

23,074

16,679

17,136

15,104

11,316

8,512

Other Comprehensive Income (Loss):
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification and tax

10,732

-4,007

-1,004

-2,136

793

10,372

-23,675

3,561

14,441

2,554

-

Change in actuarial gain (loss), for post-employment health care plan, net of amortization and tax

-428

-386

-825

64

90

-21

103

349

485

245

-

Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of interest and tax

-225

-32

-

-

-

-

-

-

-

-

-

Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of interest and tax

-

-

194

180

137

111

409

-49

-522

-107

-

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

10,935

-3,653

15

-2,020

840

10,504

-23,369

3,163

13,434

2,202

-

Comprehensive Income

51,016

30,066

23,875

18,520

23,037

33,578

-6,690

20,299

28,538

13,518

-

Earnings Per Share [Abstract]
Earnings Per Share, Basic

2.63

2.21

1.57

1.42

1.54

1.60

1.29

1.38

1.23

1.06

0.98

Earnings Per Share, Diluted

2.63

2.21

1.57

1.42

1.54

1.60

1.29

1.38

1.23

1.06

0.98