Loans, net and allowance for credit losses

Schedule of major classifications of loans by past due status


		March 31, 2026
								Greater												Loans > 90
		30-59 Days			60-89 Days			than 90			Total Past									Days and
(Dollars in thousands)		Past Due			Past Due			Days			Due			Current			Total Loans			Accruing
Commercial and industrial		$	1,200		$	274		$	1,936		$	3,410		$	671,906		$	675,446		$	130
Municipal															212,586			212,586
Real estate:
Commercial			2,190			1,415			4,902			8,507			2,414,520			2,423,027
Residential			3,427			946			1,191			5,564			612,592			618,156			1
Consumer			2,107			475			267			2,849			98,469			101,318			29
Equipment financing			874			203			573			1,650			158,019			159,669
Total		$	9,798		$	3,313		$	8,869		$	21,980		$	4,168,092		$	4,190,202		$	160


		December 31, 2025
								Greater												Loans > 90
		30-59 Days			60-89 Days			than 90			Total Past									Days and
(Dollars in thousands)		Past Due			Past Due			Days			Due			Current			Total Loans			Accruing
Commercial and industrial		$	1,090		$	147		$	1,827		$	3,064		$	664,884		$	667,948		$
Municipal															202,303			202,303
Real estate:
Commercial			3,943			1,459			3,550			8,952			2,305,158			2,314,110
Residential			2,948			1,413			1,748			6,109			596,200			602,309			524
Consumer			2,527			500			776			3,803			107,435			111,238
Equipment financing			733			747			495			1,975			167,013			168,988
Total		$	11,241		$	4,266		$	8,396		$	23,903		$	4,042,993		$	4,066,896		$	524

Schedule of major classification of loans portfolio summarized by credit quality


	As of March 31, 2026
(Dollars in thousands)		2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial and industrial
Pass	$	25,400	$	77,843	$	68,176	$	41,562	$	51,048	$	130,260	$	262,840	$	97	$	657,226
Special mention										323		28		2,134				2,485
Substandard		30				662		387		2,240		779		11,637				15,735
Total commercial		25,430		77,843		68,838		41,949		53,611		131,067		276,611		97		675,446

Municipal
Pass		10,835		19,850		4,305		1,275		45,089		129,271		1,961				212,586
Special mention
Substandard
Total municipal		10,835		19,850		4,305		1,275		45,089		129,271		1,961				212,586

Commercial real estate
Pass		142,110		382,338		145,846		168,925		554,023		988,644				488		2,382,374
Special mention				567				111		1,255		11,047						12,980
Substandard		79		1,144		1,159		1,262		8,081		15,948						27,673
Total commercial real estate		142,189		384,049		147,005		170,298		563,359		1,015,639				488		2,423,027

Residential real estate
Pass		13,330		55,364		37,775		39,653		65,554		246,611		158,533				616,820
Special mention
Substandard												1,141		195				1,336
Total residential real estate		13,330		55,364		37,775		39,653		65,554		247,752		158,728				618,156

Consumer
Pass		4,031		23,391		17,681		21,093		18,524		9,705		6,353				100,778
Special mention
Substandard				16		52		171		239		61		1				540
Total consumer		4,031		23,407		17,733		21,264		18,763		9,766		6,354				101,318

Equipment financing
Pass		8,309		48,545		46,086		37,338		16,393		492						157,163
Special mention								118		36								154
Substandard				420		725		811		396								2,352
Total equipment financing		8,309		48,965		46,811		38,267		16,825		492						159,669

Total Loans	$	204,124	$	609,478	$	322,467	$	312,706	$	763,201	$	1,533,987	$	443,654	$	585	$	4,190,202

Gross charge-offs
Commercial and industrial	$		$		$		$		$		$		$		$		$
Municipal
Commercial real estate
Residential real estate
Consumer				147		199		72		97		79						594
Equipment financing						163		38		181								382
Total Gross charge-offs	$		$	147	$	362	$	110	$	278	$	79	$		$		$	976


	As of December 31, 2025
(Dollars in thousands)		2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial and industrial
Pass	$	81,246	$	69,710	$	57,789	$	53,915	$	38,907	$	94,729	$	251,834	$	100	$	648,230
Special mention		300		572				2,725		36		9		8,718				12,360
Substandard				111		400		579		664		30		5,574				7,358
Total commercial		81,546		70,393		58,189		57,219		39,607		94,768		266,126		100		667,948

Municipal
Pass		23,125		4,324		1,354		45,369		88,165		38,331		1,635				202,303
Special mention
Substandard
Total municipal		23,125		4,324		1,354		45,369		88,165		38,331		1,635				202,303

Commercial real estate
Pass		359,323		146,483		175,145		566,480		441,660		586,189				71		2,275,351
Special mention		573						1,508		2,174		9,149						13,404
Substandard		542		508		1,217		7,841		6,870		8,377						25,355
Total commercial real estate		360,438		146,991		176,362		575,829		450,704		603,715				71		2,314,110

Residential real estate
Pass		56,021		38,109		40,913		66,927		104,534		148,121		146,380				601,005
Special mention
Substandard										258		869		177				1,304
Total residential real estate		56,021		38,109		40,913		66,927		104,792		148,990		146,557				602,309

Consumer
Pass		25,443		19,746		24,017		21,716		9,574		3,153		6,493				110,142
Special mention
Substandard		158		161		137		338		177		113		12				1,096
Total consumer		25,601		19,907		24,154		22,054		9,751		3,266		6,505				111,238

Equipment financing
Pass		50,357		51,024		43,364		21,050		724								166,519
Special mention						129		12										141
Substandard		287		664		691		686										2,328
Total equipment financing		50,644		51,688		44,184		21,748		724								168,988

Total Loans	$	597,375	$	331,412	$	345,156	$	789,146	$	693,743	$	889,070	$	420,823	$	171	$	4,066,896

Gross charge-offs
Commercial and industrial	$		$	300	$		$	24	$	57	$	493	$		$		$	874
Municipal
Commercial real estate								853				95						948
Residential real estate								92										92
Consumer				195		361		342		116		55						1,069
Equipment Financing		210		201		778		661										1,850
Total gross charge-offs	$	210	$	696	$	1,139	$	1,972	$	173	$	643	$		$		$	4,833

Schedule of financing receivable, modified, financial effect


	Other-Than-Insignificant Payment Delay
(Dollars in thousands)	No. of Loans		Balance	Financial Effect
For the Three Months Ended March 31, 2025
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial and Industrial	1	$	245	Modified principal and interest payment to interest only for 4 months
Total	1	$	245

Schedule of allowance for credit losses on off balance sheet commitments


(Dollars in thousands)		March 31, 2026		March 31, 2025
Beginning balance	$	1,305	$	880
Charge-off				(1)
Reversal of credit losses recorded in noninterest expense		(224)		(202)
Total allowance for credit losses on off balance sheet commitments	$	1,081	$	677

Schedule of changes in allowance for loan losses account by major classification of loans


		March 31, 2026
								Real estate									Equipment
(Dollars in thousands)		Commercial			Municipal			Commercial			Residential			Consumer			Financing			Total
Allowance for credit losses:
Beginning Balance January 1, 2026		$	6,036		$	1,413		$	19,998		$	4,963		$	1,759		$	4,838		$	39,007
Charge-offs															(594)			(382)			(976)
Recoveries			21						3			9			101			34			168
(Credits) provisions			(72)			77			2,170			99			444			(1,331)			1,387
Ending balance		$	5,985		$	1,490		$	22,171		$	5,071		$	1,710		$	3,159		$	39,586

		March 31, 2025
								Real estate									Equipment
(Dollars in thousands)		Commercial			Municipal			Commercial			Residential			Consumer			Financing			Total
Allowance for credit losses:
Beginning Balance January 1, 2025		$	6,004		$	1,072		$	21,804		$	4,924		$	2,540		$	5,432		$	41,776
Charge-offs			(157)									(92)			(387)			(597)			(1,233)
Recoveries			13									1			173			124			311
(Credits) provisions			562			177			(943)			236			(45)			213			200
Ending balance		$	6,422		$	1,249		$	20,861		$	5,069		$	2,281		$	5,172		$	41,054