CNB Financial Corp. (CCNE)

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides various banking products and services to individual and corporate customers. It engages in generating deposits and originating loans. The company accepts a range of deposit products, which comprise checking, savings, interest bearing and non-interest bearing, and time deposit accounts, as well as certificates of deposit. Its loan portfolio includes commercial, industrial, and agricultural loans; residential and commercial mortgage loans; and consumer loans. The company also offers credit cards, cash and wealth management, online banking, electronic check deposit, merchant credit card processing, on-site banker, accounts receivable handling, ACH origination, and payroll processing services, as well as provides trust services, retirement plans, and other employee benefit plans. CNB Financial Corporation, through its other subsidiaries, provides accidental death, and disability and life insurance products; fixed annuity products to banking customers; and consumer discount loans and finance products. As of December 31, 2008, it operated 21 full-service offices, 19 automated teller machines, and 1 loan production office in the west central Pennsylvania counties of Cambria, Clearfield, Centre, Elk, Jefferson, and McKean. The company was founded in 1934 and is headquartered in Clearfield, Pennsylvania.

For the nine months ended 30 September 2006, CNB Financial Corporation's interest income rose 18% to $36.2M. Net interest income after loan loss provision rose 6% to $19.9M. Net income rose 6% to $7.1M. Net interest income reflects higher interest income from loans, increased interest income from securities partially offset by higher loan loss provision. Net income also reflects higher service charges on deposits.