| Allowance for Credit Losses |
NOTE 4: Allowance for Credit Losses The Corporation conducts an analysis of the collectability of the loan portfolio on a regular basis and uses this analysis to assess the sufficiency of the allowance for credit losses on loans and to determine the necessary provision for credit losses. The Corporation segmented the loan portfolio into three loan portfolios based on common risk characteristics. The Commercial portfolio consists of commercial real estate loans, commercial business loans, commercial and consumer real estate construction loans, land acquisition and development loans, and builder lines. The Consumer portfolio consists of residential mortgage loans, equity lines, and other consumer loans. The Consumer Finance portfolio consists of automobile and marine and recreational vehicle (RV) loans. The following table shows the allowance for credit losses activity by loan portfolio for the three months ended March 31, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | Consumer | | | | (Dollars in thousands) | | Commercial | | Consumer | | Finance | | Total | Balance at December 31, 2025 | | $ | 13,239 | | $ | 4,179 | | $ | 22,259 | | $ | 39,677 | Provision charged to operations | | | 146 | | | 4 | | | 3,300 | | | 3,450 | Loans charged off | | | — | | | (65) | | | (4,626) | | | (4,691) | Recoveries of loans previously charged off | | | 26 | | | 35 | | | 1,168 | | | 1,229 | Balance at March 31, 2026 | | $ | 13,411 | | $ | 4,153 | | $ | 22,101 | | $ | 39,665 |
| | | | | | | | | | | | | | | | | | | | Consumer | | | | (Dollars in thousands) | | Commercial | | Consumer | | Finance | | Total | Balance at December 31, 2024 | | $ | 13,347 | | $ | 4,032 | | $ | 22,708 | | $ | 40,087 | Provision charged to operations | | | 69 | | | 81 | | | 2,900 | | | 3,050 | Loans charged off | | | — | | | (61) | | | (4,073) | | | (4,134) | Recoveries of loans previously charged off | | | 9 | | | 34 | | | 997 | | | 1,040 | Balance at March 31, 2025 | | $ | 13,425 | | $ | 4,086 | | $ | 22,532 | | $ | 40,043 |
The following table presents a breakdown of the provision for credit losses for the periods indicated. | | | | | | | | | | Three Months Ended March 31, | | (Dollars in thousands) | | 2026 | | 2025 | | Provision for credit losses: | | | | | | | | Provision for loans | | $ | 3,450 | | $ | 3,050 | | Provision for unfunded commitments | | | 150 | | | (50) | | Total | | $ | 3,600 | | $ | 3,000 | |
The following table details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Revolving | | | | | Term Loans Recorded Balance by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | | | | | | Recorded | | Converted | | | (Dollars in thousands) | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Balance | | to Term1 | | Total | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 29,748 | | $ | 72,456 | | $ | 114,721 | | $ | 130,789 | | $ | 160,904 | | $ | 361,830 | | $ | — | | $ | 125 | | $ | 870,573 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | 70 | | | — | | | — | | | 70 | Total | | $ | 29,748 | | $ | 72,456 | | $ | 114,721 | | $ | 130,789 | | $ | 160,904 | | $ | 361,900 | | $ | — | | $ | 125 | | $ | 870,643 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial business: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 6,536 | | $ | 8,790 | | $ | 7,213 | | $ | 9,434 | | $ | 12,853 | | $ | 34,694 | | $ | 38,838 | | $ | 160 | | $ | 118,518 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | 107 | | | — | | | — | | | 107 | Substandard Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | 2 | | | — | | | — | | | 2 | Total | | $ | 6,536 | | $ | 8,790 | | $ | 7,213 | | $ | 9,434 | | $ | 12,853 | | $ | 34,803 | | $ | 38,838 | | $ | 160 | 0 | $ | 118,627 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction - commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 3,424 | | $ | 7,885 | | $ | 47,184 | | $ | 13,582 | | $ | 3,187 | | $ | — | | $ | — | | $ | — | | $ | 75,262 | Total | | $ | 3,424 | | $ | 7,885 | | $ | 47,184 | | $ | 13,582 | | $ | 3,187 | | $ | — | | $ | — | | $ | — | | $ | 75,262 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Land acquisition and development: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 16,040 | | $ | 23,716 | | $ | 37,595 | | $ | — | | $ | 371 | | $ | 4,753 | | $ | — | | $ | — | | $ | 82,475 | Total | | $ | 16,040 | | $ | 23,716 | | $ | 37,595 | | $ | — | | $ | 371 | | $ | 4,753 | | $ | — | | $ | — | | $ | 82,475 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Builder lines: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 4,976 | | $ | 19,435 | | $ | 4,978 | | $ | 446 | | $ | 1,018 | | $ | 205 | | $ | — | | $ | — | | $ | 31,058 | Total | | $ | 4,976 | | $ | 19,435 | | $ | 4,978 | | $ | 446 | | $ | 1,018 | | $ | 205 | | $ | — | | $ | — | | $ | 31,058 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction - consumer real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 2,934 | | $ | 27,061 | | $ | 2,545 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 32,540 | Total | | $ | 2,934 | | $ | 27,061 | | $ | 2,545 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 32,540 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential mortgage: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 11,717 | | $ | 41,452 | | $ | 55,529 | | $ | 43,281 | | $ | 68,735 | | $ | 94,199 | | $ | — | | $ | — | | $ | 314,913 | Special Mention | | | — | | | — | | | 161 | | | 21 | | | 82 | | | 343 | | | — | | | — | | | 607 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 60 | | | — | | | — | | | 60 | Substandard Nonaccrual | | | — | | | — | | | 97 | | | 800 | | | 104 | | | 96 | | | — | | | — | | | 1,097 | Total | | $ | 11,717 | | $ | 41,452 | | $ | 55,787 | | $ | 44,102 | | $ | 68,921 | | $ | 94,698 | | $ | — | | $ | — | | $ | 316,677 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity lines: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 490 | | $ | 75,535 | | $ | 801 | | $ | 76,826 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 94 | | | 94 | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 490 | | $ | 75,535 | | $ | 895 | | $ | 76,920 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,952 | | $ | 4,111 | | $ | 2,103 | | $ | 1,108 | | $ | 580 | | $ | 308 | | $ | 42 | | $ | — | | $ | 10,204 | Total | | $ | 1,952 | | $ | 4,111 | | $ | 2,103 | | $ | 1,108 | | $ | 580 | | $ | 308 | | $ | 42 | | $ | — | | $ | 10,204 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 77,327 | | $ | 204,906 | | $ | 271,868 | | $ | 198,640 | | $ | 247,648 | | $ | 496,479 | | $ | 114,415 | | $ | 1,086 | | $ | 1,612,369 | Special Mention | | | — | | | — | | | 161 | | | 21 | | | 82 | | | 520 | | | — | | | 94 | | | 878 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 60 | | | — | | | — | | | 60 | Substandard Nonaccrual | | | — | | | — | | | 97 | | | 800 | | | 104 | | | 98 | | | — | | | — | | | 1,099 | Total | | $ | 77,327 | | $ | 204,906 | | $ | 272,126 | | $ | 199,461 | | $ | 247,834 | | $ | 497,157 | | $ | 114,415 | | $ | 1,180 | | $ | 1,614,406 |
| 1 | Commercial business and equity lines include $119,000 and $169,000, respectively, of revolving loans converted to term during the three months ended March 31, 2026. | |
The following table details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Revolving | | | | | Term Loans Recorded Balance by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | | | | | | Recorded | | Converted | | | (Dollars in thousands) | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Balance | | to Term1 | | Total | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 72,184 | | $ | 110,069 | | $ | 120,853 | | $ | 162,934 | | $ | 120,074 | | $ | 249,017 | | $ | — | | $ | 229 | | $ | 835,360 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | 72 | | | — | | | — | | | 72 | Total | | $ | 72,184 | | $ | 110,069 | | $ | 120,853 | | $ | 162,934 | | $ | 120,074 | | $ | 249,089 | | $ | — | | $ | 229 | | $ | 835,432 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial business: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 9,557 | | $ | 7,623 | | $ | 10,169 | | $ | 13,091 | | $ | 11,841 | | $ | 26,507 | | $ | 36,875 | | $ | 47 | | $ | 115,710 | Total | | $ | 9,557 | | $ | 7,623 | | $ | 10,169 | | $ | 13,091 | | $ | 11,841 | | $ | 26,507 | | $ | 36,875 | | $ | 47 | | $ | 115,710 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction - commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 10,384 | | $ | 54,141 | | $ | 31,892 | | $ | 3,187 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 99,604 | Total | | $ | 10,384 | | $ | 54,141 | | $ | 31,892 | | $ | 3,187 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 99,604 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Land acquisition and development: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 18,966 | | $ | 41,178 | | $ | — | | $ | 371 | | $ | — | | $ | 5,733 | | $ | — | | $ | — | | $ | 66,248 | Total | | $ | 18,966 | | $ | 41,178 | | $ | — | | $ | 371 | | $ | — | | $ | 5,733 | | $ | — | | $ | — | | $ | 66,248 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Builder lines: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 27,069 | | $ | 8,855 | | $ | 826 | | $ | 784 | | $ | — | | $ | 404 | | $ | — | | $ | — | | $ | 37,938 | Total | | $ | 27,069 | | $ | 8,855 | | $ | 826 | | $ | 784 | | $ | — | | $ | 404 | | $ | — | | $ | — | | $ | 37,938 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction - consumer real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 24,158 | | $ | 5,130 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 29,288 | Total | | $ | 24,158 | | $ | 5,130 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 29,288 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential mortgage: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 44,390 | | $ | 57,382 | | $ | 46,606 | | $ | 71,350 | | $ | 33,087 | | $ | 64,871 | | $ | — | | $ | — | | $ | 317,686 | Special Mention | | | — | | | — | | | 22 | | | 84 | | | 202 | | | 347 | | | — | | | — | | | 655 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 60 | | | — | | | — | | | 60 | Substandard Nonaccrual | | | — | | | 113 | | | 833 | | | 189 | | | — | | | — | | | — | | | — | | | 1,135 | Total | | $ | 44,390 | | $ | 57,495 | | $ | 47,461 | | $ | 71,623 | | $ | 33,289 | | $ | 65,278 | | $ | — | | $ | — | | $ | 319,536 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity lines: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 493 | | $ | 75,165 | | $ | 701 | | $ | 76,359 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 101 | | | 101 | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 493 | | $ | 75,165 | | $ | 802 | | $ | 76,460 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 5,157 | | $ | 2,512 | | $ | 1,318 | | $ | 670 | | $ | 82 | | $ | 300 | | $ | 46 | | $ | — | | $ | 10,085 | Total | | $ | 5,157 | | $ | 2,512 | | $ | 1,318 | | $ | 670 | | $ | 82 | | $ | 300 | | $ | 46 | | $ | — | | $ | 10,085 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loan Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 211,865 | | $ | 286,890 | | $ | 211,664 | | $ | 252,387 | | $ | 165,084 | | $ | 347,325 | | $ | 112,086 | | $ | 977 | | $ | 1,588,278 | Special Mention | | | — | | | — | | | 22 | | | 84 | | | 202 | | | 419 | | | — | | | 101 | | | 828 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 60 | | | — | | | — | | | 60 | Substandard Nonaccrual | | | — | | | 113 | | | 833 | | | 189 | | | — | | | — | | | — | | | — | | | 1,135 | Total | | $ | 211,865 | | $ | 287,003 | | $ | 212,519 | | $ | 252,660 | | $ | 165,286 | | $ | 347,804 | | $ | 112,086 | | $ | 1,078 | | $ | 1,590,301 |
| 1 | Commercial real estate and equity lines include $128,000 and $516,000, respectively, of revolving loans converted to term during the year ended December 31, 2025. | |
The following table details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | Term Loans Recorded Balance by Origination Year | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted | | | (Dollars in thousands) | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Loans | | to Term | | Total | Consumer finance - automobiles: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit rating1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Very good | | $ | 6,915 | | $ | 20,282 | | $ | 13,090 | | $ | 5,417 | | $ | 3,803 | | $ | 955 | | $ | — | | $ | — | | $ | 50,462 | Good | | | 14,165 | | | 42,919 | | | 25,800 | | | 14,942 | | | 15,416 | | | 4,252 | | | — | | | — | | | 117,494 | Fairly good | | | 12,399 | | | 45,770 | | | 27,028 | | | 20,605 | | | 19,898 | | | 8,241 | | | — | | | — | | | 133,941 | Fair | | | 7,193 | | | 28,267 | | | 17,053 | | | 12,529 | | | 11,958 | | | 6,974 | | | — | | | — | | | 83,974 | Marginal | | | 1,330 | | | 6,710 | | | 3,392 | | | 2,460 | | | 2,789 | | | 2,921 | | | — | | | — | | | 19,602 | Total | | $ | 42,002 | | $ | 143,948 | | $ | 86,363 | | $ | 55,953 | | $ | 53,864 | | $ | 23,343 | | $ | — | | $ | — | | $ | 405,473 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer finance - marine and recreational vehicles: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit rating1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Very good | | $ | — | | $ | 1,302 | | $ | 5,893 | | $ | 4,695 | | $ | 10,246 | | $ | 14,396 | | $ | — | | $ | — | | $ | 36,532 | Good | | | — | | | 1,426 | | | 3,755 | | | 5,391 | | | 5,301 | | | 2,364 | | | — | | | — | | | 18,237 | Fairly good | | | — | | | — | | | — | | | 164 | | | 171 | | | 69 | | | — | | | — | | | 404 |
Total | | $ | — | | $ | 2,728 | | $ | 9,648 | | $ | 10,250 | | $ | 15,718 | | $ | 16,829 | | $ | — | | $ | — | | $ | 55,173 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit rating1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Very good | | $ | 6,915 | | $ | 21,584 | | $ | 18,983 | | $ | 10,112 | | $ | 14,049 | | $ | 15,351 | | $ | — | | $ | — | | $ | 86,994 | Good | | | 14,165 | | | 44,345 | | | 29,555 | | | 20,333 | | | 20,717 | | | 6,616 | | | — | | | — | | | 135,731 | Fairly good | | | 12,399 | | | 45,770 | | | 27,028 | | | 20,769 | | | 20,069 | | | 8,310 | | | — | | | — | | | 134,345 | Fair | | | 7,193 | | | 28,267 | | | 17,053 | | | 12,529 | | | 11,958 | | | 6,974 | | | — | | | — | | | 83,974 | Marginal | | | 1,330 | | | 6,710 | | | 3,392 | | | 2,460 | | | 2,789 | | | 2,921 | | | — | | | — | | | 19,602 | Total | | $ | 42,002 | | $ | 146,676 | | $ | 96,011 | | $ | 66,203 | | $ | 69,582 | | $ | 40,172 | | $ | — | | $ | — | | $ | 460,646 |
| 1 | Credit ratings with a FICO score greater than 739 are considered Very Good, FICO scores ranging from 670-739 are considered Good, FICO scores ranging from 625-669 are considered Fairly Good, FICO scores ranging from 580-624 are considered Fair and FICO scores less than 580 are considered Marginal. |
The following table details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | Term Loans Recorded Balance by Origination Year | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted | | | (Dollars in thousands) | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Loans | | to Term | | Total | Consumer finance - automobiles: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit rating1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Very good | | $ | 22,600 | | $ | 14,758 | | $ | 6,212 | | $ | 4,543 | | $ | 1,123 | | $ | 111 | | $ | — | | $ | — | | $ | 49,347 | Good | | | 46,079 | | | 28,573 | | | 17,066 | | | 17,449 | | | 4,853 | | | 519 | | | — | | | — | | | 114,539 | Fairly good | | | 48,871 | | | 29,704 | | | 23,209 | | | 23,345 | | | 9,043 | | | 1,397 | | | — | | | — | | | 135,569 | Fair | | | 29,774 | | | 18,942 | | | 14,528 | | | 14,266 | | | 7,011 | | | 1,815 | | | — | | | — | | | 86,336 | Marginal | | | 6,960 | | | 3,751 | | | 2,893 | | | 3,243 | | | 2,626 | | | 1,048 | | | — | | | — | | | 20,521 | Total | | $ | 154,284 | | $ | 95,728 | | $ | 63,908 | | $ | 62,846 | | $ | 24,656 | | $ | 4,890 | | $ | — | | $ | — | | $ | 406,312 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer finance - marine and recreational vehicles: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit rating1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Very good | | $ | 1,339 | | $ | 6,231 | | $ | 4,999 | | $ | 10,700 | | $ | 6,473 | | $ | 8,789 | | $ | — | | $ | — | | $ | 38,531 | Good | | | 1,442 | | | 3,937 | | | 5,533 | | | 5,604 | | | 1,066 | | | 1,441 | | | — | | | — | | | 19,023 | Fairly good | | | — | | | — | | | 165 | | | 173 | | | 32 | | | 39 | | | — | | | — | | | 409 | Total | | $ | 2,781 | | $ | 10,168 | | $ | 10,697 | | $ | 16,477 | | $ | 7,571 | | $ | 10,269 | | $ | — | | $ | — | | $ | 57,963 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit rating1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Very good | | $ | 23,939 | | $ | 20,989 | | $ | 11,211 | | $ | 15,243 | | $ | 7,596 | | $ | 8,900 | | $ | — | | $ | — | | $ | 87,878 | Good | | | 47,521 | | | 32,510 | | | 22,599 | | | 23,053 | | | 5,919 | | | 1,960 | | | — | | | — | | | 133,562 | Fairly good | | | 48,871 | | | 29,704 | | | 23,374 | | | 23,518 | | | 9,075 | | | 1,436 | | | — | | | — | | | 135,978 | Fair | | | 29,774 | | | 18,942 | | | 14,528 | | | 14,266 | | | 7,011 | | | 1,815 | | | — | | | — | | | 86,336 | Marginal | | | 6,960 | | | 3,751 | | | 2,893 | | | 3,243 | | | 2,626 | | | 1,048 | | | — | | | — | | | 20,521 | Total | | $ | 157,065 | | $ | 105,896 | | $ | 74,605 | | $ | 79,323 | | $ | 32,227 | | $ | 15,159 | | $ | — | | $ | — | | $ | 464,275 |
| 1 | Credit ratings with a FICO score greater than 739 are considered Very Good, FICO scores ranging from 670-739 are considered Good, FICO scores ranging from 625-669 are considered Fairly Good, FICO scores ranging from 580-624 are considered Fair and FICO scores less than 580 are considered Marginal. |
The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 2026. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | Current Period Gross Charge-offs by Origination Year | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted | | | (Dollars in thousands) | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Loans | | to Term | | Total | Equity lines | | $ | — | | $ | — | | $ | — | | $ | 5 | | $ | — | | $ | 6 | | $ | — | | $ | — | | $ | 11 | Other consumer1 | | | 42 | | | 5 | | | 7 | | | — | | | — | | | — | | | — | | | — | | | 54 | Consumer finance - automobiles | | | — | | | 556 | | | 968 | | | 1,248 | | | 1,242 | | | 482 | | | — | | | — | | | 4,496 | Consumer finance - marine and recreational vehicles | | | — | | | — | | | 28 | | | 26 | | | 64 | | | 12 | | | — | | | — | | | 130 | Total | | $ | 42 | | $ | 561 | | $ | 1,003 | | $ | 1,279 | | $ | 1,306 | | $ | 500 | | $ | — | | $ | — | | $ | 4,691 |
| 1 | Gross charge-offs of other consumer loans for the three months ended March 31, 2026 included $217,000 of demand deposit overdrafts that originated in 2026. |
The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | Current Period Gross Charge-offs by Origination Year | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted | | | (Dollars in thousands) | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Loans | | to Term | | Total | Residential mortgage | | $ | 6 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 6 | Other consumer1 | | | 45 | | | 10 | | | — | | | — | | | — | | | — | | | — | | | — | | | 55 | Consumer finance - automobiles | | | — | | | 593 | | | 1,004 | | | 1,616 | | | 587 | | | 196 | | | — | | | — | | | 3,996 | Consumer finance - marine and recreational vehicles | | | — | | | — | | | 13 | | | 52 | | | 10 | | | 2 | | | — | | | — | | | 77 | Total | | $ | 51 | | $ | 603 | | $ | 1,017 | | $ | 1,668 | | $ | 597 | | $ | 198 | | $ | — | | $ | — | | $ | 4,134 |
| 1 | Gross charge-offs of other consumer loans for the three months ended March 31, 2025 included $45,000 of demand deposit overdrafts that originated in 2025. |
As of March 31, 2026 and December 31, 2025, the Corporation had no collateral dependent loans for which repayment was expected to be derived substantially through the operation or sale of the collateral and where the borrower is experiencing financial difficulty.
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