| Financial Instruments Recorded at Fair Value on a Recurring Basis |
The following table presents the financial instruments recorded at fair value on a recurring basis by the Plan as of December 31, 2025 and 2024:
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Description
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December 31, 2025
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Level 1
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Level 2
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Level 3
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Mutual funds
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$ |
363,169,532 |
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| $ |
363,169,532 |
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| $ |
- |
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| $ |
- | |
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Common stock of NBT Bancorp Inc.
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30,074,182 |
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30,074,182 |
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- |
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- | |
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Stable value fund
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17,933,465 |
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17,933,465 |
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- |
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- | |
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Cash and money market funds
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31,988 |
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31,988 |
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- |
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- | |
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Total
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$ |
411,209,167 |
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| $ |
411,209,167 |
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| $ |
- |
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| $ |
- | |
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| Description |
| December 31, 2024 |
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| Level 1 |
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| Level 2 |
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| Level 3 |
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Mutual funds
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| $ |
307,131,380 | |
| $ |
307,131,380 | |
| $ |
- | |
| $ |
- | |
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Common stock of NBT Bancorp Inc.
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35,226,305 | |
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35,226,305 | |
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- | |
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- | |
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Stable value fund
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18,539,578 | |
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18,539,578 | |
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- | |
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- | |
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Cash and money market funds
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86,728 | |
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86,728 | |
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- | |
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- | |
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Total
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| $ |
360,983,991 | |
| $ |
360,983,991 | |
| $ |
- | |
| $ |
- | |
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