At March 31, 2026, the Company was servicing $47.3 million of loans for other financial institutions which are not included in the table above. Also excluded from the table above are net servicing assets of $742 thousand at March 31, 2026, which are recorded in Other Assets in the Consolidated Balance Sheets. When loans are sold with servicing retained, servicing assets are recorded which represent the Company's right to service loans that were sold. Servicing assets are initially recorded by the Company at fair value and are subsequently amortized in proportion to, and over the period of, estimated net servicing income.

Past due loans by class at March 31, 2026 and December 31, 2025 were as follows:


	March 31, 2026
	(in thousands)
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans		90 or More Days Past Due Still Accruing
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	428	$	428	$	82,166	$	82,594	$	—
HELOCs		141		—		156		297		58,487		58,784		—
Residential First Lien - Investor		—		388		98		486		106,598		107,084		—
Residential First Lien - Owner Occupied		—		—		177		177		176,201		176,378		—
Residential Junior Liens		57		—		—		57		10,718		10,775		—
Commercial - Owner Occupied		4,440		—		4,704		9,144		304,017		313,161		—
Commercial - Non-Owner Occupied & Multifamily		—		—		5,300		5,300		384,578		389,878		—
Commercial and industrial loans:
Other commercial and industrial loans		397		48		2,891		3,336		97,953		101,289		—
Marine loans		—		—		—		—		170,217		170,217		—
Consumer loans		33		107		13		153		30,342		30,495		13
Overdrafts		—		—		—		—		343		343		—
Other loans		—		—		—		—		12,572		12,572		—
Total	$	5,068	$	543	$	13,767	$	19,378	$	1,434,192	$	1,453,570	$	13


	December 31, 2025
	(in thousands)
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans		90 or More Past Due Still Accruing
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	428	$	428	$	81,908	$	82,336	$	—
HELOCs		112		—		160		272		58,368		58,640		—
Residential First Lien - Investor		—		391		98		489		106,818		107,307		—
Residential First Lien - Owner Occupied		467		85		24		576		178,231		178,807		—
Residential Junior Liens		57		—		—		57		10,667		10,724		—
Commercial - Owner Occupied		—		—		4,738		4,738		294,115		298,853		—
Commercial - Non-Owner Occupied & Multifamily		1,913		—		5,348		7,261		391,665		398,926		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		4		4		—
Other commercial and industrial loans		240		363		2,311		2,914		110,306		113,220		—
Marine loans		—		—		—		—		175,639		175,639		—
Consumer loans		128		9		60		197		28,545		28,742		60
Overdrafts		—		—		—		—		318		318		—
Other loans		—		—		—		—		13,946		13,946		—
Total	$	2,917	$	848	$	13,167	$	16,932	$	1,450,530	$	1,467,462	$	60

Nonaccrual loans by class at March 31, 2026 and December 31, 2025 were as follows:


	March 31, 2026						December 31, 2025
	(in thousands)						(in thousands)
	Nonaccruals with No Allowance for Credit Losses		Nonaccrual with an Allowance for Credit Losses		Nonaccrual Loans		Nonaccruals with No Allowance for Credit Losses		Nonaccrual with an Allowance for Credit Losses		Nonaccrual Loans
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	428	$	428	$	428	$	—	$	428
HELOCs		156		—		156		160		—		160
Residential First Lien - Investor		—		98		98		98		—		98
Residential First Lien - Owner Occupied		635		—		635		494		—		494
Residential Junior Liens		—		—		—		—		—		—
Commercial - Owner Occupied		2,171		2,533		4,704		2,894		1,844		4,738
Commercial - Non-Owner Occupied & Multifamily		5,300		—		5,300		5,348		—		5,348
Commercial and industrial loans:
Other commercial and industrial loans		19		3,323		3,342		2,253		879		3,132
Marine loans		—		—		—		—		—		—
Consumer loans		48		—		48		—		—		—
Overdrafts		—		—		—		—		—		—
Other loans		—		—		—		—		—		—
Total	$	8,329	$	6,382	$	14,711	$	11,675	$	2,723	$	14,398

The allowance for credit losses on loans by segment at March 31, 2026 and December 31, 2025 was as follows:


	As of and For the Three Months Ended
	March 31, 2026
	(in thousands)
	Construction and Farmland		Residential Real Estate		Commercial Real Estate & MultiFamily		Commercial			Marine		Consumer			All Other Loans			Total
Allowance for credit losses:
Beginning Balance	$	1,275	$	3,160	$	8,163	$	1,312		$	710	$	230		$	470		$	15,320
Charge-Offs		—		—		—		(82	)		—		(26	)		(47	)		(155	)
Recoveries		1		145		—		25			—		9			9			189
Provision		89		15		1,001		1,044			19		20			(216	)		1,972
Ending balance	$	1,365	$	3,320	$	9,164	$	2,299		$	729	$	233		$	216		$	17,326
Ending balance: Individually evaluated for impairment	$	201	$	12	$	215	$	1,686		$	—	$	—		$	—		$	2,114
Ending balance: Collectively evaluated for impairment	$	1,164	$	3,308	$	8,949	$	613		$	729	$	233		$	216		$	15,212
Loans:
Ending balance	$	82,594	$	353,021	$	703,039	$	101,289		$	170,217	$	30,495		$	12,915		$	1,453,570
Ending balance: Individually evaluated for impairment	$	428	$	867	$	10,004	$	3,323		$	—	$	—		$	—		$	14,622
Ending balance: Collectively evaluated for impairment	$	82,166	$	352,154	$	693,035	$	97,966		$	170,217	$	30,495		$	12,915		$	1,438,948


	As of and For the Year Ended
	December 31, 2025
	(in thousands)
	Construction and Farmland			Residential Real Estate			Commercial Real Estate & MultiFamily			Commercial			Marine			Consumer			All Other Loans			Total
Allowance for credit losses:
Beginning Balance	$	2,387		$	2,318		$	7,251		$	1,433		$	1,279		$	238		$	121		$	15,027
Charge-Offs		—			(31	)		(2,771	)		(485	)		(580	)		(140	)		(139	)		(4,146	)
Recoveries		5			308			—			153			—			46			47			559
Provision		(1,117	)		565			3,683			211			11			86			441			3,880
Ending balance	$	1,275		$	3,160		$	8,163		$	1,312		$	710		$	230		$	470		$	15,320
Ending balance: Individually evaluated for impairment	$	—		$	—		$	49		$	418		$	—		$	—		$	—		$	467
Ending balance: Collectively evaluated for impairment	$	1,275		$	3,160		$	8,114		$	894		$	710		$	230		$	470		$	14,853
Loans:
Ending balance	$	82,336		$	355,478		$	697,779		$	113,224		$	175,639		$	28,742		$	14,264		$	1,467,462
Ending balance: Individually evaluated for impairment	$	428		$	728		$	10,086		$	3,113		$	—		$	—		$	—		$	14,355
Ending balance: Collectively evaluated for impairment	$	81,908		$	354,750		$	687,693		$	110,111		$	175,639		$	28,742		$	14,264		$	1,453,107

The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:


	March 31, 2026						December 31, 2025
	(in thousands)						(in thousands)
(in thousands)	Real Estate Collateral		Other Collateral		Total		Real Estate Collateral		Other Collateral		Total
Mortgage real estate loans:
Construction & Secured by Farmland	$	428	$	—	$	428	$	428	$	—	$	428
HELOCs		156		—		156		160		—		160
Residential First Lien - Investor		98		—		98		98		—		98
Residential First Lien - Owner Occupied		613		—		613		470		—		470
Residential Junior Liens		—		—		—		—		—		—
Commercial - Owner Occupied		4,704		—		4,704		4,738		—		4,738
Commercial - Non-Owner Occupied & Multifamily		5,300		—		5,300		5,348		—		5,348
Commercial and industrial loans:
Other commercial and industrial loans		—		3,323		3,323		—		3,113		3,113
Marine loans		—		—		—		—		—		—
Consumer loans		—		—		—		—		—		—
Overdrafts		—		—		—		—		—		—
Other loans		—		—		—		—		—		—
	$	11,299	$	3,323	$	14,622	$	11,242	$	3,113	$	14,355

The Company did not identify any significant changes in the extent to which collateral secures its collateral dependent loans, whether in the form of general deterioration or from other factors during the period ended March 31, 2026.

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. This analysis is performed on a quarterly basis. The following table presents risk ratings by loan portfolio segment and origination year. Description of these ratings are as follows:


March 31, 2026
	Term Loans Amortized Cost Basis by Origination Year
(in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total

Mortgage real estate loans:
Construction & Secured by Farmland
Pass	$	4,355	$	21,154	$	34,825	$	3,633	$	6,063	$	8,091	$	1,689	$	308	$	80,118
Special Mention		—		—		653		—		—		1,389		—		—		2,042
Classified		—		—		—		428		—		6		—		—		434
Total	$	4,355	$	21,154	$	35,478	$	4,061	$	6,063	$	9,486	$	1,689	$	308	$	82,594
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	58,585	$	—	$	58,585
Special Mention		—		—		—		—		—		—		43		—		43
Classified		—		—		—		—		—		—		156		—		156
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	58,784	$	—	$	58,784
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential First Lien - Investor
Pass	$	4,883	$	19,203	$	5,464	$	9,419	$	15,155	$	47,055	$	—	$	1,093	$	102,272
Special Mention		—		—		—		681		—		3,105		—		—		3,786
Classified		—		—		928		—		98		—		—		—		1,026
Total	$	4,883	$	19,203	$	6,392	$	10,100	$	15,253	$	50,160	$	—	$	1,093	$	107,084
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential First Lien - Owner Occupied
Pass	$	400	$	13,473	$	18,932	$	47,370	$	28,540	$	63,623	$	—	$	231	$	172,569
Special Mention		—		—		40		277		—		2,766		—		—		3,083
Classified		—		—		154		—		—		572		—		—		726
Total	$	400	$	13,473	$	19,126	$	47,647	$	28,540	$	66,961	$	—	$	231	$	176,378
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential Junior Liens
Pass	$	835	$	1,648	$	618	$	1,406	$	1,783	$	4,117	$	—	$	157	$	10,564
Special Mention		—		—		—		148		—		63		—		—		211
Classified		—		—		—		—		—		—		—		—		—
Total	$	835	$	1,648	$	618	$	1,554	$	1,783	$	4,180	$	—	$	157	$	10,775
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial - Owner Occupied
Pass	$	14,446	$	36,652	$	26,101	$	48,785	$	66,203	$	85,208	$	3,140	$	2,706	$	283,241
Special Mention		—		—		—		915		5,877		18,424		—		—		25,216
Classified		—		—		1,834		699		—		2,171		—		—		4,704


Total	$	14,446	$	36,652	$	27,935	$	50,399	$	72,080	$	105,803	$	3,140	$	2,706	$	313,161
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial - Non-Owner Occupied & Multifamily
Pass	$	13,779	$	67,781	$	26,383	$	52,617	$	71,781	$	124,371	$	7,903	$	4,691	$	369,306
Special Mention		—		—		270		2,463		—		8,418		—		—		11,151
Classified		—		—		—		—		5,253		4,168		—		—		9,421
Total	$	13,779	$	67,781	$	26,653	$	55,080	$	77,034	$	136,957	$	7,903	$	4,691	$	389,878
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans:
Other commercial and industrial loans
Pass	$	4,276	$	17,122	$	14,064	$	5,875	$	8,758	$	8,530	$	33,170	$	2,035	$	93,830
Special Mention		—		203		3,908		—		—		—		—		6		4,117
Classified		—		48		113		1,725		461		235		760		—		3,342
Total	$	4,276	$	17,373	$	18,085	$	7,600	$	9,219	$	8,765	$	33,930	$	2,041	$	101,289
Current period gross charge-offs	$	—	$	79	$	—	$	—	$	—	$	—	$	3	$	—	$	82
Marine loans
Pass	$	—	$	—	$	—	$	58,814	$	89,503	$	21,900	$	—	$	—	$	170,217
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	58,814	$	89,503	$	21,900	$	—	$	—	$	170,217
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer loans
Pass	$	2,804	$	1,828	$	1,440	$	865	$	9,263	$	11,948	$	2,283	$	—	$	30,431
Special Mention		—		—		—		4		—		—		—		—		4
Classified		—		48		—		12		—		—		—		—		60
Total	$	2,804	$	1,876	$	1,440	$	881	$	9,263	$	11,948	$	2,283	$	—	$	30,495
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	26	$	—	$	26
Overdrafts
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Special Mention		—		—		—		—		—		—		—		—		—
Classified		343		—		—		—		—		—		—		—		343
Total	$	343	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	343
Current period gross charge-offs	$	47	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	47
Other loans
Pass	$	—	$	4,677	$	—	$	36	$	5,322	$	2,072	$	465	$	—	$	12,572
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	4,677	$	—	$	36	$	5,322	$	2,072	$	465	$	—	$	12,572
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total by Risk Category
Pass	$	45,778	$	183,538	$	127,827	$	228,820	$	302,371	$	376,915	$	107,235	$	11,221	$	1,383,705
Special Mention		—		203		4,871		4,488		5,877		34,165		43		6		49,653


December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total

Mortgage real estate loans:
Construction & Secured by Farmland
Pass	$	17,680	$	37,736	$	6,684	$	6,158	$	3,089	$	6,643	$	1,144	$	308	$	79,442
Special Mention		1,788		655		—		—		—		—		—		—		2,443
Classified		—		—		428		—		—		23		—		—		451
Total	$	19,468	$	38,391	$	7,112	$	6,158	$	3,089	$	6,666	$	1,144	$	308	$	82,336
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	58,439	$	—	$	58,439
Special Mention		—		—		—		—		—		—		41		—		41
Classified		—		—		—		—		—		—		160		—		160
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	58,640	$	—	$	58,640
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	31	$	—	$	31
Residential First Lien - Investor
Pass	$	19,774	$	6,261	$	10,174	$	15,545	$	23,908	$	25,060	$	—	$	900	$	101,622
Special Mention		—		—		685		—		3,025		925		—		—		4,635
Classified		—		952		—		98		—		—		—		—		1,050
Total	$	19,774	$	7,213	$	10,859	$	15,643	$	26,933	$	25,985	$	—	$	900	$	107,307
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential First Lien - Owner Occupied
Pass	$	13,144	$	18,396	$	47,588	$	28,716	$	21,399	$	45,468	$	—	$	250	$	174,961
Special Mention		—		41		277		—		—		2,784		—		—		3,102
Classified		—		—		—		—		—		744		—		—		744
Total	$	13,144	$	18,437	$	47,865	$	28,716	$	21,399	$	48,996	$	—	$	250	$	178,807
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential Junior Liens
Pass	$	1,763	$	628	$	1,547	$	1,843	$	2,541	$	2,028	$	—	$	161	$	10,511
Special Mention		—		—		149		—		—		64		—		—		213
Classified		—		—		—		—		—		—		—		—		—


Total	$	1,763	$	628	$	1,696	$	1,843	$	2,541	$	2,092	$	—	$	161	$	10,724
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial - Owner Occupied
Pass	$	36,319	$	24,619	$	46,689	$	69,524	$	25,728	$	61,040	$	3,046	$	2,736	$	269,701
Special Mention		—		1,371		920		3,336		5,879		12,908		—		—		24,414
Classified		—		1,844		699		—		2,195		—		—		—		4,738
Total	$	36,319	$	27,834	$	48,308	$	72,860	$	33,802	$	73,948	$	3,046	$	2,736	$	298,853
Current period gross charge-offs	$	—	$	468	$	37	$	—	$	8	$	—	$	—	$	—	$	513
Commercial - Non-Owner Occupied & Multifamily
Pass	$	68,609	$	25,254	$	53,637	$	72,478	$	48,985	$	94,990	$	7,909	$	4,838	$	376,700
Special Mention		—		271		2,053		4,153		3,728		6,673		—		—		16,878
Classified		—		—		—		1,132		4,216		—		—		—		5,348
Total	$	68,609	$	25,525	$	55,690	$	77,763	$	56,929	$	101,663	$	7,909	$	4,838	$	398,926
Current period gross charge-offs	$	1,184	$	—	$	—	$	257	$	817	$	—	$	—	$	—	$	2,258
Commercial and industrial loans:
SBA PPP loans
Pass	$	—	$	—	$	—	$	—	$	4	$	—	$	—	$	—	$	4
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	4	$	—	$	—	$	—	$	4
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial and industrial loans
Pass	$	23,186	$	15,740	$	6,112	$	9,317	$	4,531	$	4,746	$	41,305	$	2,125	$	107,062
Special Mention		—		2,802		—		—		—		216		—		8		3,026
Classified		48		113		1,725		461		19		—		766		—		3,132
Total	$	23,234	$	18,655	$	7,837	$	9,778	$	4,550	$	4,962	$	42,071	$	2,133	$	113,220
Current period gross charge-offs	$	—	$	96	$	184	$	85	$	—	$	—	$	120	$	—	$	485
Marine loans
Pass	$	—	$	—	$	60,223	$	92,924	$	22,191	$	301	$	—	$	—	$	175,639
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	60,223	$	92,924	$	22,191	$	301	$	—	$	—	$	175,639
Current period gross charge-offs	$	—	$	—	$	314	$	266	$	—	$	—	$	—	$	—	$	580


Consumer loans
Pass	$	2,237	$	1,643	$	1,072	$	9,713	$	4,665	$	7,525	$	1,870	$	—	$	28,725
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		17		—		17
Total	$	2,237	$	1,643	$	1,072	$	9,713	$	4,665	$	7,525	$	1,887	$	—	$	28,742
Current period gross charge-offs	$	—	$	6	$	30	$	2	$	6	$	8	$	88	$	—	$	140
Overdrafts
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Special Mention		—		—		—		—		—		—		—		—		—
Classified		318		—		—		—		—		—		—		—		318
Total	$	318	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	318
Current period gross charge-offs	$	139	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	139
Other loans
Pass	$	4,250	$	—	$	40	$	7,515	$	—	$	2,102	$	39	$	—	$	13,946
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	4,250	$	—	$	40	$	7,515	$	—	$	2,102	$	39	$	—	$	13,946
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total by Risk Category
Pass	$	186,962	$	130,277	$	233,766	$	313,733	$	157,041	$	249,903	$	113,752	$	11,318	$	1,396,752
Special Mention		1,788		5,140		4,084		7,489		12,632		23,570		41		8		54,752
Classified		366		2,909		2,852		1,691		6,430		767		943		—		15,958
Total	$	189,116	$	138,326	$	240,702	$	322,913	$	176,103	$	274,240	$	114,736	$	11,326	$	1,467,462
Total current period gross charge-offs	$	1,323	$	570	$	565	$	610	$	831	$	8	$	239	$	—	$	4,146

Unfunded Commitments: The Company maintains a separate reserve for credit losses on unfunded commitments, which is included in Other Liabilities on the Consolidated Balance Sheet. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the Consolidated Statement of Operations. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded, utilizing the same models and approaches for the Company's other loan portfolio segments, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that maybe drawn prior to the cancellation of the arrangement.

During the three months ended March 31, 2026, a reduction to the unfunded commitment reserve of $11 thousand was recorded as a credit to the provision for credit losses in the consolidated statement of operations. During the three months ended March 31, 2025, an increase to the unfunded commitment reserve of $87 thousand was recorded, thereby increasing the provision for credit losses in the consolidated income statement. The reserve for unfunded commitments at March 31, 2026 and 2025 and December 31, 2025 was $315 thousand, $592 thousand, and $326 thousand, respectively.

Restructurings for Borrowers Experiencing Financial Difficulty: A loan that has been modified is considered a troubled loan modification when the modification is made to a borrower experiencing financial difficulty and the modification has a direct impact to the contractual cash flows.

There were no new loan modifications to borrowers experiencing financial difficulty made during the three months ended March 31, 2026 and 2025.

At March 31, 2026, the amortized cost balance of loans modified in the past 12 months was $5.3 million. This balance represents one customer relationship comprised of three residential multifamily income producing properties in Washington D.C. (the District). These loans are on nonaccrual status and are 90 or more days past due. The Bank has been granted receivership and is actively working with the receiver to update the properties and ready them for sale while continuing to collect the housing payments directly from the District.

There were no loans to borrowers experiencing financial difficulty that had a payment default during the three months ended March 31, 2025 and were modified in the twelve months prior to that default.

Default is determined at 30 days or more past due, upon charge-off, or upon foreclosure. Modified loans in default are individually evaluated for the allowance of credit losses or if the modified loan is deemed uncollectible, the loan, or a portion of the loan, is written off and the allowance for credit losses is adjusted accordingly.