As of June 30, 2025 and December 31, 2024, the Bank’s available line of credit with the FHLB to borrow funds was $24.9 million and $25.0 million, respectively. All borrowings are short-term and the interest rate is equal to the correspondent bank’s daily federal funds purchase rate. As of June 30, 2025 and December 31, 2024, no amounts were outstanding under the line of credit. Loans totaling $41.5 million and $41.6 million were pledged to secure the FHLB line of credit as of June 30, 2025 and December 31, 2024, respectively.

At June 30, 2025 and December 31, 2024, the Bank had the ability to borrow $257.6 million and $239.2 million, respectively, in total from the Federal Reserve Bank (“FRB”) on a collateralized basis through the Discount Window and/or the borrower-in-custody (“BIC”) program. Loans totaling $296.2 million and $240.8 million and securities of $41.2 million and $42.6 million were pledged to secure these lines of credit with the FRB as of June 30, 2025 and December 31, 2024, respectively. In 2024, the Bank was accepted into the FRB’s borrower-in-custody program, which allows financial institutions to pledge loans that are not pledged to the FHLB as collateral for FRB’s Discount Window advances while retaining possession or control of the collateral. The Bank can borrow a maximum of $217.9 million and $198.8 million as of June 30, 2025 and December 31, 2024, respectively, under the BIC program utilizing the loans pledged to the FRB while under the Discount Window the Bank can borrow a maximum of $257.6 million and $239.2 million, respectively, utilizing both the aforementioned loans as well as the securities pledged to the FRB. In no instance can the Bank exceed outstanding borrowings of $257.6 million and $239.2 million as of June 30, 2025 and December 31, 2024, respectively. The Company had no advances outstanding under either program as of June 30, 2025 and December 31, 2024.

Through Zions Bank, the Bank had an available unsecured line of credit of $5.0 million at June 30, 2025 and December 31, 2024. The Bank had an available line of credit with Bankers’ Bank of the West to borrow up to $1.1 million in overnight funds at June 30, 2025 and December 31, 2024. The Bank had no outstanding balances on such unsecured or secured lines of credit as of June 30, 2025 and December 31, 2024.

In the ordinary course of business, the Bank has entered into commitments to extend credit to customers which have not yet been exercised. These financial instruments include commitments to extend credit in the form of loans. Those instruments involve to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. The Company’s commitments to extend credit as of the dates indicated are summarized below. Since commitments associated with commitments to extend credit may expire unused, the amounts shown in the table below do not necessarily reflect the actual future cash funding requirements.

The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The allowance for credit losses on unfunded commitments is included in other liabilities on the consolidated balance sheets and is adjusted through a charge to provision for credit loss expense on the consolidated statements of income. The allowance

for credit losses on unfunded commitments estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The allowance for credit losses on unfunded commitments was $0.4 million and $0.5 million as of June 30, 2025 and December 31, 2024, respectively.