| Summary of consideration paid for the acquisition |
| | | | (Dollars in thousands, except share and per share data) | | | | | | | | Common shares of Susquehanna at September 30, 2025 | | | 2,841,314 | Exchange ratio | | | 0.8 | | | | 2,273,051 | Less: impact of fractional shares | | | (103) | Corporation's shares issued | | | 2,272,948 | Price per share of the Corporation's common stock (average of the high and low trading price on October 1, 2025) | | $ | 19.64 | | | | | Value of the Corporation's stock consideration | | $ | 44,641 | Cash paid in lieu of fractional shares | | | 2 | Total merger consideration | | $ | 44,643 |
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| Summarize of the estimated fair values of the assets acquired and liabilities assumed at the acquisition date |
| | | | | | | | | | (In Thousands) | | | | | | | | | | | | | Susquehanna | | | Fair | | | Susquehanna | | | | Book Value | | | Value | | | Fair Value | | | | October 1, 2025 | | | Adjustments | | | October 1, 2025 | | | | | | | | | | | Merger consideration | | | | | | | | $ | 44,643 | Recognized amounts of identifiable assets acquired and liabilities assumed: | | | | | | | | | | Cash and cash equivalents | | $ | 6,080 | | $ | 0 | | $ | 6,080 | Available-for-sale debt securities | | | 148,243 | | | (626) | | | 147,617 | Loans, net of allowance for credit losses | | | 396,851 | | | (10,337) | | | 386,514 | Bank-owned life insurance | | | 7,953 | | | 0 | | | 7,953 | Bank premises and equipment, net | | | 10,163 | | | (3,210) | | | 6,953 | Core deposit intangibles, net | | | 0 | | | 10,690 | | | 10,690 | Deferred tax asset, net | | | 4,458 | | | 712 | | | 5,170 | Other assets | | | 13,634 | | | 788 | | | 14,422 | Total identifiable assets acquired | | | 587,382 | | | (1,983) | | | 585,399 | Deposits | | | 501,037 | | | 451 | | | 501,488 | Short-term borrowing | | | 45,800 | | | 0 | | | 45,800 | Other liabilities | | | 4,158 | | | 116 | | | 4,274 | Total liabilities assumed | | | 550,995 | | | 567 | | | 551,562 | Total identifiable net assets | | | 36,387 | | | (2,550) | | | 33,837 | Goodwill | | | 0 | | | 10,806 | | | 10,806 | Total Allocation | | $ | 36,387 | | $ | 8,256 | | $ | 44,643 |
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| Summary of fair value of acquired PCD loans at the acquisition date |
| | | | | | | | | | | | | | (In Thousands) | | | | | | | | | | PCD | | | Non-PCD | Unpaid principal balance | | $ | 26,999 | | $ | 373,827 | Allowance for credit losses at acquisition | | | (2,637) | | | (4,437) | Other discount | | | (3,286) | | | (3,952) | Fair value | | $ | 21,076 | | $ | 365,438 |
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| Pro forma information as if the merger had been completed on January 1, 2024 |
| | | | | | (In Thousands) | Pro forma (Unaudited) | | 2025 | | 2024 | Net interest income | $ | 106,670 | | $ | 97,687 | Noninterest income | | 32,920 | | | 32,050 | Total revenue | $ | 139,590 | | $ | 129,737 | | | | | | | Net Income | $ | 31,866 | | $ | 29,845 |
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