XML 74 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6

Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value [Abstract]

Assets and liabilities measured at fair value on a recurring basis

						Fair Value Measurements at September 30, 2012 Using
Description		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Securities Available For Sale:
U.S. Treasury		$	5,050			$	0			$	5,050			$	0
U.S. Government sponsored entities			119,753				0				119,753				0
States and political subdivisions			172,238				0				172,238				0
Residential mortgage and asset backed			357,804				3,560				354,244				0
Commercial mortgage and asset backed			1,947				0				1,947				0
Corporate notes and bonds			14,519				0				12,534				1,985
Pooled trust preferred			360				0				0				360
Pooled SBA			46,061				46,061				0				0
Other securities			1,552				1,552				0				0
Total Securities Available For Sale		$	719,284			$	51,173			$	665,766			$	2,345
Trading Securities:
Equity securities – financial services		$	555			$	555			$	0			$	0
Equity securities – industrials			541				541				0				0
Equity securities – health care			433				433				0				0
Certificates of deposit			407				407				0				0
Equity securities – energy			317				317				0				0
International mutual funds			267				267				0				0
Equity securities – materials			184				184				0				0
Large cap growth mutual funds			157				157				0				0
Equity securities – consumer staples			132				132				0				0
Large cap value mutual funds			106				106				0				0
Corporate notes and bonds			102				0				102				0
Money market mutual funds			96				96				0				0
Equity securities – technology			92				92				0				0
Real estate investment trust mutual funds			66				66				0				0
U.S. Government sponsored entities			58				0				58				0
Equity securities – consumer discretionary			54				54				0				0
Small cap mutual funds			27				27				0				0
Mid cap mutual funds			26				26				0				0
Total Trading Securities		$	3,620			$	3,460			$	160			$	0
Liabilities:
Interest rate swaps
		$	(1,848	)		$	0			$	(1,848	)		$	0

						Fair Value Measurements at December 31, 2011 Using
Description		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Securities Available For Sale:
U.S. Treasury		$	8,130			$	0			$	8,130			$	0
U.S. Government sponsored entities			107,492				2,000				105,492				0
States and political subdivisions			158,437				4,655				153,782				0
Residential mortgage and asset backed			300,126				8,577				291,549				0
Commercial mortgage and asset backed			2,122				0				2,122				0
Corporate notes and bonds			13,860				0				11,800				2,060
Pooled trust preferred			340				0				0				340
Pooled SBA			46,056				46,056				0				0
Other securities			1,544				1,544				0				0
Total Securities Available For Sale		$	638,107			$	62,832			$	572,875			$	2,400
Trading Securities:
Equity securities – financial services		$	779			$	779			$	0			$	0
Equity securities – industrials			324				324				0				0
International mutual funds			257				257				0				0
Certificates of deposit			255				255				0				0
Money market mutual funds			241				241				0				0
Equity securities – health care			204				204				0				0
Equity securities - utilities			197				197				0				0
Large cap growth mutual funds			145				145				0				0
Equity securities – consumer staples			145				145				0				0
Equity securities – consumer discretionary			126				126				0				0
Large cap value mutual funds			105				105				0				0
Corporate notes and bonds			100				0				100				0
Equity securities – technology			75				75				0				0
Equity securities – energy			72				72				0				0
Real estate investment trust mutual funds			68				68				0				0
U.S. Government sponsored entities			55				0				55				0
Equity securities – materials			37				37				0				0
Small cap mutual funds			25				25				0				0
Mid cap mutual funds			23				23				0				0
Total Trading Securities		$	3,233			$	3,078			$	155			$	0
Liabilities:
Interest rate swaps		$	(1,669	)		$	0			$	(1,669	)		$	0

Securities available for sale measured at fair value on recurring basis using significant unobservable inputs (Level 3)

		Corporate notes and bonds				Pooled trust preferred
Balance, July 1, 2012		$	2,071			$	360
Total gains or (losses):
Included in other comprehensive income (unrealized)			(86	)			0
Balance, September 30, 2012		$	1,985			$	360

		Corporate notes and Bonds				Pooled trust preferred
Balance, January 1, 2012		$	2,060			$	340
Total gains or (losses):
Included in other comprehensive income (unrealized)			(75	)			20
Balance, September 30, 2012		$	1,985			$	360

		Residential mortgage and asset backed				Corporate notes and bonds				Pooled trust preferred
Balance, July 1, 2011		$	3,988			$	1,860			$	1,362
Transfers out of Level 3 (a) (b)			(3,988	)			0				0
Total gains or losses:
included in other comprehensive income (unrealized)			0				0				(130	)
Purchases, issuances, sales and settlements			0				0				(5	)
Balance, September 30, 2011		$	0			$	1,860			$	1,227

(a) Transferred from Level 3 to Level 2 since observable market data became available to value the security.

(b) The Corporation’s policy is to recognize transfers in and transfers out as of the actual date of the event or change in circumstances that caused the transfer.

		Residential mortgage and asset backed				Corporate notes and bonds				U.S. Gov’t Sponsored Entities				Pooled trust preferred
Balance, January 1, 2011		$	2,269			$	1,240			$	2,000			$	1,292
Transfers out of Level 3 (a)(b)			(3,988	)			0				(2,000	)			0
Total gains or losses:
Included in earnings (realized)			0				0				0				(398	)
Included in other comprehensive income (unrealized)			0				620				0				338
Purchases, issuances, sales, and settlements:
Purchases			1,917				0				0				0
Settlements			(198	)			0				0				(5	)
Balance, September 30, 2011		$	0			$	1,860			$	0			$	1,227

(c) Transferred from Level 3 to Level 2 since observable market data became available to value the security.

(d) The Corporation’s policy is to recognize transfers in and transfers out as of the actual date of the event or change in circumstances that caused the transfer.

Quantitative information about Level 3 fair value measurements

		Fair value				Valuation Technique		Unobservable Inputs		Input Utilized
Corporate notes and bonds		$	1,985			Discounted cash flow		Constant prepayment rate Probability of default Discount rate		0% 0% 9.6%
Pooled trust preferred		$	360			Discounted cash flow		Collateral default rate Discount rate Recovery probability		2% annually for 2 years; 0.36% thereafter 17% 10%, lagged 2 years

Sale securities reported as Level 1 securities as of the beginning of the period were transferred to the Level 2 category

		2012				2011
U.S. Government sponsored entities		$	2,000			$	2,000
States and political subdivisions			4,655				4,750
Residential mortgage and asset backed			8,577				20,405
Total		$	15,232			$	27,155

Assets and liabilities measured at fair value on a non-recurring basis

						Fair Value Measurements at September 30, 2012 Using
Description		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Impaired loans:
Commercial mortgages		$	8,327			$	0			$	0			$	8,327
Commercial, industrial, and agricultural			3,945				0				0				3,945
Residential real estate			419				0				0				419

						Fair Value Measurements at December 31, 2011 Using
Description		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Impaired loans:
Commercial mortgages		$	7,219			$	0			$	0			$	7,219
Commercial, industrial, and agricultural			3,190				0				0				3,190
Residential real estate			105				0				0				105

Quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2012

		Fair value				Valuation Technique		Unobservable Inputs		Range (Weighted Average)
Impaired loans – commercial mortgages		$	8,327			Sales comparison approach		Negative adjustment for changes in market conditions since appraisal		0% - 65% (17%)
Impaired loans – commercial, industrial, and agricultural			3,945			Income approach		Negative adjustment for changes in net operating income expectations since appraisal		14% - 65% (21%)
Impaired loans – residential real estate			419			Sales comparison approach		Negative adjustment for changes in market conditions since appraisal		10% -15% (11%)

Carrying amount and fair value of financial instruments

		Carrying				Fair Value Measurement Using:												Total
		Amount				Level 1				Level 2				Level 3				Fair Value
ASSETS
Cash and cash equivalents		$	32,946			$	32,946			$	0			$	0			$	32,946
Interest bearing time deposits with other banks			225				0				225				0				225
Securities available for sale			719,284				51,173				665,766				2,345				719,284
Trading securities			3,620				3,460				160				0				3,620
Loans held for sale			3,847				0				3,938				0				3,938
Net loans			896,568				0				0				922,833				922,833
FHLB and other equity interests			6,755				N/A				N/A				N/A				N/A
Accrued interest receivable			7,357				288				3,753				3,316				7,357
LIABILITIES
Deposits		$	(1,480,270	)		$	(1,259,828	)		$	(223,935	)		$	0			$	(1,483,763	)
FHLB and other borrowings			(74,336	)			0				(77,364	)			0				(77,364	)
Subordinated debentures			(20,620	)			0				0				(11,049	)			(11,049	)
Interest rate swaps			(1,848	)			0				(1,848	)			0				(1,848	)
Accrued interest payable			(1,041	)			(291	)			(732	)			(18	)			(1,041	)

		Carrying Amount				Fair Value
ASSETS
Cash and cash equivalents		$	39,703			$	39,703
Interest bearing time deposits with other banks			224				229
Securities available for sale			638,107				638,107
Trading securities			3,233				3,233
Loans held for sale			1,442				1,470
Net loans			837,268				862,389
FHLB and other equity interests			6,537				N/A
Accrued interest receivable			6,567				6,567
LIABILITIES
Deposits		$	(1,353,851	)		$	(1,357,415	)
FHLB and other borrowings			(74,456	)			(83,042	)
Subordinated debentures			(20,620	)			(10,906	)
Interest rate swaps			(1,669	)			(1,669	)
Accrued interest payable			(1,308	)			(1,308	)

X

- Definition

Quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2012.

+ References

No definition available.

+ Details

Name:	ccne_QuantitativeInformationAboutLevelThreeFairValueMeasurementsForFinancialInstrumentsMeasuredAtFairValueOnNonRecurringBasisTableTextBlock
Namespace Prefix:	ccne_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Quantitative information about level 3 fair value measurements.

+ References

No definition available.

+ Details

Name:	ccne_QuantitativeInformationAboutLevelThreeFairValueMeasurementsTableTextBlock
Namespace Prefix:	ccne_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of available for sale securities reported as level one securities transferred to level two.

+ References

No definition available.

+ Details

Name:	ccne_SummaryOfAvailableForSaleSecuritiesReportedAsLevelOneSecuritiesTransferredToLevelTwoTableTextBlock
Namespace Prefix:	ccne_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610



Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611



Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration