v3.25.4
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 25 – SUBSEQUENT EVENTS

 

 

The Company completed its previously announced merger with Frontier Holdings LLC ("Frontier"), on January 1, 2026. In its December 31, 2025, unaudited Consolidated Report of Condition, Frontier reported total assets of $1,431,193 which included total loan principal outstanding of $1,302,244 and securities of $83,597. At December 31, 2025, total liabilities of $1,290,857 were reported by Frontier, which included deposits of $1,134,415. Frontier reported $17,050 in net income before income taxes for the twelve months ended December 31, 2025. The Company anticipates there will be goodwill and core deposit intangible recorded with this acquisition.