2017 Q2 Form 10-Q Financial Statement

#000119312517248247 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $27.00M $22.47M
YoY Change 20.16% 5.48%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.350M $980.0K
YoY Change 37.76% -3.92%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.014M $3.070M
YoY Change 30.75% -2.69%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.147M $5.249M
YoY Change 74.26% -31.7%
Income Tax $2.464M $1.184M
% Of Pretax Income 26.94% 22.56%
Net Earnings $6.683M $4.065M
YoY Change 64.4% -27.44%
Net Earnings / Revenue 24.75% 18.09%
Basic Earnings Per Share $0.44 $0.28
Diluted Earnings Per Share $0.44 $0.28
COMMON SHARES
Basic Shares Outstanding 15.21M shares 14.37M shares
Diluted Shares Outstanding 15.21M shares 14.37M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $33.05M $23.93M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $50.37M $41.28M
YoY Change 22.02% 8.13%
Goodwill $38.73M $27.19M
YoY Change 42.42% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.679B $2.336B
YoY Change 14.66% 3.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.00M $27.90M
YoY Change 0.36% 7.31%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $44.96M $131.4M
YoY Change -65.78% 72.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.00M $27.90M
YoY Change 0.36% 7.31%
LONG-TERM LIABILITIES
Long-Term Debt $70.60M $20.60M
YoY Change 242.72% 0.0%
Other Long-Term Liabilities $300.0K $700.0K
YoY Change -57.14%
Total Long-Term Liabilities $70.90M $21.30M
YoY Change 232.86% 3.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.00M $27.90M
Total Long-Term Liabilities $70.90M $21.30M
Total Liabilities $2.439B $2.125B
YoY Change 14.73% 3.12%
SHAREHOLDERS EQUITY
Retained Earnings $142.4M $127.6M
YoY Change 11.59% 9.05%
Common Stock $96.49M $77.34M
YoY Change 24.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $541.0K $205.0K
YoY Change 163.9% -82.48%
Treasury Stock Shares 23.01K shares 11.48K shares
Shareholders Equity $240.3M $210.9M
YoY Change
Total Liabilities & Shareholders Equity $2.679B $2.336B
YoY Change 14.66% 3.67%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $6.683M $4.065M
YoY Change 64.4% -27.44%
Depreciation, Depletion And Amortization $1.350M $980.0K
YoY Change 37.76% -3.92%
Cash From Operating Activities $11.45M $5.120M
YoY Change 123.63% -56.68%
INVESTING ACTIVITIES
Capital Expenditures -$1.120M -$1.960M
YoY Change -42.86% -28.21%
Acquisitions
YoY Change
Other Investing Activities -$89.07M -$32.32M
YoY Change 175.59% -67.45%
Cash From Investing Activities -$90.19M -$34.29M
YoY Change 163.02% -66.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 83.41M 27.50M
YoY Change 203.31% -60.13%
NET CHANGE
Cash From Operating Activities 11.45M 5.120M
Cash From Investing Activities -90.19M -34.29M
Cash From Financing Activities 83.41M 27.50M
Net Change In Cash 4.670M -1.670M
YoY Change -379.64% -92.14%
FREE CASH FLOW
Cash From Operating Activities $11.45M $5.120M
Capital Expenditures -$1.120M -$1.960M
Free Cash Flow $12.57M $7.080M
YoY Change 77.54% -51.34%

Facts In Submission

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1857206000
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567800000
CY2016Q4 us-gaap Loans Receivable Commercial Mortgage
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574826000
CY2016Q4 us-gaap Long Term Debt
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102926000
CY2016Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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7528000
CY2016Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
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652883000
CY2016Q4 us-gaap Loans And Leases Receivable Consumer Revolving Credit Card
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6046000
CY2016Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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1876966000
CY2016Q4 us-gaap Loans Receivable Net
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1876966000
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
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16330000
CY2016Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
289922000
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1142626000
CY2016Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
19186000
CY2016Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
2071000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49522000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
134295000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
17.36
CY2016Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
1391000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
100726 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
211784000
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
134078000
CY2016Q4 us-gaap Subordinated Debt
SubordinatedDebt
70620000
CY2016Q4 us-gaap Trading Securities
TradingSecurities
4858000
CY2016Q4 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
329379000
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5667 shares
CY2016Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-1507000
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
127000
CY2016Q4 ccne Troubled Debt Restructuring Loan Principal Balance Forgiven
TroubledDebtRestructuringLoanPrincipalBalanceForgiven
0
CY2016Q4 ccne Core Deposit Intangible
CoreDepositIntangible
2854000
CY2016Q4 ccne Deposits Held For Sale
DepositsHeldForSale
6456000
CY2016Q4 ccne Financing Receivable Allowance For Credit Losses Modifications Recorded Investment
FinancingReceivableAllowanceForCreditLossesModificationsRecordedInvestment
2339000
CY2016Q4 ccne Financing Receivable Modifications Specific Reserve
FinancingReceivableModificationsSpecificReserve
2339000
CY2016Q4 ccne Accrued Interest Payable And Other Liabilities
AccruedInterestPayableAndOtherLiabilities
30435000
CY2016Q4 ccne Financing Receivable Recorded Investment Loans Not Past Due
FinancingReceivableRecordedInvestmentLoansNotPastDue
1862511000
CY2016Q4 ccne Number Of Securities Holdings
NumberOfSecuritiesHoldings
0 Securities
CY2016Q4 ccne Shareholders Equity Percentage
ShareholdersEquityPercentage
0.10 pure
CY2016Q4 ccne Percentage Of Residential Real Estate Loans In Loan Portfolio
PercentageOfResidentialRealEstateLoansInLoanPortfolio
0.35 pure
CY2016Q4 ccne Percentage Of Commercial Industrial And Agricultural Loans In Loan Portfolio
PercentageOfCommercialIndustrialAndAgriculturalLoansInLoanPortfolio
0.30 pure
CY2016Q4 ccne Percentage Of Commercial Mortgage Loans In Loan Portfolio
PercentageOfCommercialMortgageLoansInLoanPortfolio
0.31 pure
CY2011Q2 us-gaap Derivative Inception Dates
DerivativeInceptionDates
2011-05-03
CY2011Q2 us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
10000000
CY2011Q2 ccne Interest Rate Swap Agreement Effective Date
InterestRateSwapAgreementEffectiveDate
2013-09-15
CY2011Q2 ccne Term Of Interest Rate Swap Agreement Executed
TermOfInterestRateSwapAgreementExecuted
P5Y
us-gaap Advertising Expense
AdvertisingExpense
1032000
dei Amendment Flag
AmendmentFlag
false
us-gaap Asset Management Fees1
AssetManagementFees1
1823000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
485000
us-gaap Acquisition Costs
AcquisitionCosts
0
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
1538000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
1538000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
716000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3866000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15218000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1353000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
95000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2683000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Type
DocumentType
10-Q
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
us-gaap Description Of Interest Rate Derivative Activities
DescriptionOfInterestRateDerivativeActivities
The interest rate swap involves the receipt of variable-rate amounts in exchange for fixed-rate payments from September 15, 2013 to September 15, 2018 without exchange of the underlying notional amount.
us-gaap Dividend Income Operating
DividendIncomeOperating
332000
dei Document Period End Date
DocumentPeriodEndDate
2017-06-30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
dei Entity Registrant Name
EntityRegistrantName
CNB FINANCIAL CORP/PA
dei Entity Central Index Key
EntityCentralIndexKey
0000736772
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
574000
us-gaap Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
431000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
484000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1695000
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
312000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2255000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
134000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
2183000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
14 Loans
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
536000
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
156000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-20000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18072000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
11000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3100000
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
10714000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
15442000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
11000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1724000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3073000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4909000
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
6388000
us-gaap Interest Expense
InterestExpense
7916000
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
1958000
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4316000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1574000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
52107000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1594000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
4364000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
42041000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
44191000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1980000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
45885000
us-gaap Interest Paid
InterestPaid
7916000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
17907000
us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
53958000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13085000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13085000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106987000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99170000
us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
315000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11683000
us-gaap Net Income Loss
NetIncomeLoss
13163000
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
543000
us-gaap Occupancy Net
OccupancyNet
4797000
us-gaap Noninterest Income
NoninterestIncome
10862000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
2772000
us-gaap Noninterest Expense
NoninterestExpense
34831000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
2873000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-1544000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2055000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1000
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
2071000
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-87000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
95000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1538000
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent
484000
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
-47000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
101000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
54000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-97000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
149000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4275000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
78000
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
980000
us-gaap Payments Of Dividends
PaymentsOfDividends
5049000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2268000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2995000
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
148106000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1079000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19294000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
7618000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-89119000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
13106000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
140000000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
203000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
41358000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
236000
us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
402000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2150000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
24945000
us-gaap Restricted Stock Expense
RestrictedStockExpense
396000
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
1088000
us-gaap Share Based Compensation
ShareBasedCompensation
396000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
For key employees, the plan vesting is one-fourth of the granted options or restricted stock per year beginning one year after the grant date, with 100% vested on the fourth anniversary of the grant date. For independent directors, the vesting schedule is one-third of the granted options or restricted stock per year beginning one year after the grant date, with 100% vested on the third anniversary of the grant date
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
150 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
38123 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
39466 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
17.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
923000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
17.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
51000
dei Trading Symbol
TradingSymbol
CCNE
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
15138000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15051000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15051000 shares
ccne Grant Of Restricted Stock Awards From Treasury Stock
GrantOfRestrictedStockAwardsFromTreasuryStock
943000
ccne Payments For Purchase Of Treasury Stock
PaymentsForPurchaseOfTreasuryStock
1357000
ccne Contribution Of Treasury Stock
ContributionOfTreasuryStock
0
ccne Card Processing And Interchange Expense
CardProcessingAndInterchangeExpense
1036000
ccne Card Processing And Interchange Income
CardProcessingAndInterchangeIncome
1848000
ccne Other Than Temporary Impairment Losses Investments Portion Reclassification Adjustment Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionReclassificationAdjustmentOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
899000
ccne Prepayment Penalties
PrepaymentPenalties
0
ccne Core Processing Conversion Costs
CoreProcessingConversionCosts
0
ccne Legal Professional And Examination Fees
LegalProfessionalAndExaminationFees
1215000
ccne Other Comprehensive Income Loss Reclassification Adjustment Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentIncludedInNetIncomeTax
486000
ccne Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Earnings Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInEarningsTax
-52000
ccne Tax Provision Related To Net Realized Gains
TaxProvisionRelatedToNetRealizedGains
538000
ccne Accumulated Other Comprehensive Income Loss Estimated Reclassification Adjustment On Derivatives Included In Net Income In Next Twelve Months
AccumulatedOtherComprehensiveIncomeLossEstimatedReclassificationAdjustmentOnDerivativesIncludedInNetIncomeInNextTwelveMonths
289000
ccne Amortization Of Core Deposit Intangible
AmortizationOfCoreDepositIntangible
662000
ccne Redemption Purchase Of Federal Home Loan Bank And Other Equity Interests
RedemptionPurchaseOfFederalHomeLoanBankAndOtherEquityInterests
4112000
ccne Average Participating Securities
AverageParticipatingSecurities
87000 shares
ccne Minimum Period To Be Considered For Loan To Have Defaulted
MinimumPeriodToBeConsideredForLoanToHaveDefaulted
P90D
ccne Commercial Industrial And Agricultural Loan Amount As Maximum Percentage Of Business Inventory
CommercialIndustrialAndAgriculturalLoanAmountAsMaximumPercentageOfBusinessInventory
0.60 pure
ccne Interest Bearing Checking Deposit Increase Decrease Percentage
InterestBearingCheckingDepositIncreaseDecreasePercentage
0.034 pure
ccne Non Interest Bearing Checking Deposit Increase Decrease Percentage
NonInterestBearingCheckingDepositIncreaseDecreasePercentage
0.083 pure
ccne Commercial Industrial And Agricultural Loan Amount As Maximum Percentage Of Accounts Receivable
CommercialIndustrialAndAgriculturalLoanAmountAsMaximumPercentageOfAccountsReceivable
0.75 pure
ccne Deposits Increase Decrease Percentage
DepositsIncreaseDecreasePercentage
0.029 pure
ccne Saving Accounts Deposit Increase Decrease Percentage
SavingAccountsDepositIncreaseDecreasePercentage
0.011 pure
ccne Commercial Industrial And Agricultural Loan Amount As Maximum Percentage Of Business Equipment
CommercialIndustrialAndAgriculturalLoanAmountAsMaximumPercentageOfBusinessEquipment
0.80 pure
ccne Commercial Mortgage Loan Amount As Maximum Percentage Of Appraised Real Estate Value
CommercialMortgageLoanAmountAsMaximumPercentageOfAppraisedRealEstateValue
0.85 pure
ccne Certificate Of Deposit Increase Decrease Percentage
CertificateOfDepositIncreaseDecreasePercentage
0.028 pure
ccne Other Than Temporary Impairment Gains Losses Investment Portion In Other Comprehensive Loss Available For Sale Securities Net Of Tax
OtherThanTemporaryImpairmentGainsLossesInvestmentPortionInOtherComprehensiveLossAvailableForSaleSecuritiesNetOfTax
-812000
us-gaap Advertising Expense
AdvertisingExpense
879000
us-gaap Asset Management Fees1
AssetManagementFees1
1503000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
671000
us-gaap Acquisition Costs
AcquisitionCosts
215000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
1005000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
1005000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
526000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
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CashAndCashEquivalentsPeriodIncreaseDecrease
-3335000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13377000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1050000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
5000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1981000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
us-gaap Dividend Income Operating
DividendIncomeOperating
291000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
662000
us-gaap Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
318000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
243000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2408000
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
420000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1987000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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ccne Other Than Temporary Impairment Losses Investments Portion Reclassification Adjustment Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2016Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
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CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9147000
CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
190000
CY2017Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
18183000
CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
190000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2464000
CY2017Q2 us-gaap Interest Expense
InterestExpense
4014000
CY2017Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
986000
CY2017Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2125000
CY2017Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
774000
CY2017Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
27003000
CY2017Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
785000
CY2017Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2243000
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
21855000
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
22989000
CY2017Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1019000
CY2017Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
23915000
CY2017Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
8902000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6643000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6643000
CY2017Q2 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
127000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
6683000
CY2017Q2 us-gaap Occupancy Net
OccupancyNet
2257000
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
17797000
CY2017Q2 us-gaap Noninterest Income
NoninterestIncome
5089000
CY2017Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1922000
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
2023000
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-1088000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1962000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-8000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
5000
CY2017Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
0
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
40000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
155000
CY2017Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent
0
CY2017Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
0
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
101000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
54000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-48000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
74000
CY2017Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2405000
CY2017Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
40000
CY2017Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5434000
CY2017Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1134000
CY2017Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
207000
CY2017Q2 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
559000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
150 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
300 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
17.83
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
17.63
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
15294000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15206000 shares
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15206000 shares
CY2017Q2 ccne Card Processing And Interchange Expense
CardProcessingAndInterchangeExpense
614000
CY2017Q2 ccne Card Processing And Interchange Income
CardProcessingAndInterchangeIncome
970000
CY2017Q2 ccne Other Than Temporary Impairment Losses Investments Portion Reclassification Adjustment Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionReclassificationAdjustmentOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
CY2017Q2 ccne Prepayment Penalties
PrepaymentPenalties
0
CY2017Q2 ccne Core Processing Conversion Costs
CoreProcessingConversionCosts
0
CY2017Q2 ccne Legal Professional And Examination Fees
LegalProfessionalAndExaminationFees
666000
CY2017Q2 ccne Other Comprehensive Income Loss Reclassification Adjustment Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentIncludedInNetIncomeTax
28000
CY2017Q2 ccne Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Earnings Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInEarningsTax
-26000
CY2017Q2 ccne Tax Provision Related To Net Realized Gains
TaxProvisionRelatedToNetRealizedGains
54000
CY2017Q2 ccne Amortization Of Core Deposit Intangible
AmortizationOfCoreDepositIntangible
331000
CY2017Q2 ccne Average Participating Securities
AverageParticipatingSecurities
88000 shares
CY2017Q2 ccne Other Than Temporary Impairment Gains Losses Investment Portion In Other Comprehensive Loss Available For Sale Securities Net Of Tax
OtherThanTemporaryImpairmentGainsLossesInvestmentPortionInOtherComprehensiveLossAvailableForSaleSecuritiesNetOfTax
0

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