CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2026

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY

Schedule of Actual and Required Capital Ratios


		June 30, 2026
								Minimum Required for							Minimum Required to
		Actual						Capital Adequacy purposes							be Well Capitalized
(in thousands, except ratios)		Amount			Ratio			Amount			Ratio			Amount			Ratio
Company (consolidated)
Total capital to risk-weighted assets		$	507,021		13.52	%		$	300,001		8.00	%		$	N/A		N/A	%
Common equity Tier 1 capital to risk-weighted assets			429,547		11.45				168,750		4.50				N/A		N/A
Tier 1 capital to risk-weighted assets			450,167		12.00				225,001		6.00				N/A		N/A
Tier 1 capital to average assets (leverage ratio)			450,167		9.92				181,557		4.00				N/A		N/A

Bank
Total capital to risk-weighted assets		$	510,070		13.64	%		$	299,183		8.00	%		$	373,979		10.00	%
Common equity Tier 1 capital to risk-weighted assets			475,616		12.72				168,291		4.50				243,087		6.50
Tier 1 capital to risk-weighted assets			475,616		12.72				224,388		6.00				299,184		8.00
Tier 1 capital to average assets (leverage ratio)			475,616		10.49				181,408		4.00				226,760		5.00


		December 31, 2025
								Minimum Required for							Minimum Required to
		Actual						Capital Adequacy purposes							be Well Capitalized
(in thousands, except ratios)		Amount			Ratio			Amount			Ratio			Amount			Ratio
Company (consolidated)
Total capital to risk-weighted assets		$	491,619		13.18	%		$	298,331		8.00	%		$	N/A		N/A	%
Common equity Tier 1 capital to risk-weighted assets			409,725		10.99				167,812		4.50				N/A		N/A
Tier 1 capital to risk-weighted assets			430,345		11.54				223,752		6.00				N/A		N/A
Tier 1 capital to average assets (leverage ratio)			430,345		9.45				182,147		4.00				N/A		N/A

Bank
Total capital to risk-weighted assets		$	486,568		13.08	%		$	297,675		8.00	%		$	372,093		10.00	%
Common equity Tier 1 capital to risk-weighted assets			450,294		12.10				167,443		4.50				241,861		6.50
Tier 1 capital to risk-weighted assets			450,294		12.10				223,257		6.00				297,676		8.00
Tier 1 capital to average assets (leverage ratio)			450,294		9.90				181,970		4.00				227,463		5.00

Schedule of Components of Accumulated Other Comprehensive Income (Loss)


(in thousands)		June 30, 2026			December 31, 2025
Accumulated other comprehensive loss, before tax:
Net unrealized loss on AFS securities, net of reclassifications		$	(44,976)		$	(41,705)
Net unrealized loss on hedging derivatives			(2,772)			(3,785)
Net unrealized loss on post-retirement plans			(1,288)			(1,288)

Income taxes related to items of accumulated other comprehensive loss:
Net unrealized loss on AFS securities, net of reclassifications			10,948			10,107
Net unrealized loss on hedging derivatives			674			904
Net unrealized loss on post-retirement plans			358			358
Accumulated other comprehensive loss		$	(37,056)		$	(35,409)

Schedule of Components of Other Comprehensive Income (Loss)


(in thousands)		Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2026
Net unrealized gain (loss) on AFS securities, net of reclassifications:
Net unrealized gain (loss) arising during the period		$	703		$	(170)		$	533
Less: reclassification adjustment for gains (losses) realized in net income			(25)			6			(19)
Net unrealized gain (loss) on AFS securities			728			(176)			552

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			1,424			(346)			1,078
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on cash flow hedging derivatives			1,424			(346)			1,078

Net unrealized gain (loss) on post-retirement plans:
Net unrealized gain (loss) arising during the period			—			—			—
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on post-retirement plans			—			—			—
Other comprehensive income (loss)		$	2,152		$	(522)		$	1,630

Three Months Ended June 30, 2025
Net unrealized gain (loss) on AFS securities, net of reclassifications:
Net unrealized gain (loss) arising during the period		$	(868)		$	213		$	(655)
Less: reclassification adjustment for gains (losses) realized in net income			(1,996)			484			(1,512)
Net unrealized gain (loss) on AFS securities			1,128			(271)			857

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			(1,105)			263			(842)
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on cash flow hedging derivatives			(1,105)			263			(842)

Net unrealized gain (loss) on post-retirement plans:
Net unrealized gain (loss) arising during the period			—			—			—
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on post-retirement plans			—			—			—
Other comprehensive income (loss)		$	23		$	(8)		$	15



(in thousands)		Before Tax			Tax Effect			Net of Tax
Six Months Ended June 30, 2026
Net unrealized gain (loss) on AFS securities:
Net unrealized gain (loss) arising during the period		$	(3,296)		$	847		$	(2,449)
Less: reclassification adjustment for gains (losses) realized in net income			(25)			6			(19)
Net unrealized gain (loss) on AFS securities			(3,271)			841			(2,430)

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			1,013			(230)			783
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—

Net unrealized gain (loss) on hedging derivatives			1,013			(230)			783

Net unrealized gain (loss) on post-retirement plans:
Net unrealized gain (loss) arising during the period			—			—			—
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on post-retirement plans			—			—			—
Other comprehensive income (loss)		$	(2,258)		$	611		$	(1,647)

Six Months Ended June 30, 2025
Net unrealized gain (loss) on AFS securities:
Net unrealized gain (loss) arising during the period		$	2,993		$	(378)		$	2,615
Less: reclassification adjustment for gains (losses) realized in net income			(3,200)			776			(2,424)
Net unrealized gain (loss) on AFS securities			6,193			(1,154)			5,039

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			(3,059)			747			(2,312)
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on hedging derivatives			(3,059)			747			(2,312)

Net unrealized gain (loss) on post-retirement plans:
Net unrealized gain (loss) arising during the period			—			—			—
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on post-retirement plans			—			—			—
Other comprehensive income (loss)		$	3,134		$	(407)		$	2,727

Schedule of Changes in Components of Accumulated Other Comprehensive Income (Loss)



		Net unrealized			Net unrealized			Net unrealized
		gain (loss)			gain (loss)			loss
		on AFS			on hedging			on pension
(in thousands)		Securities			derivatives			plans			Total
Three Months Ended June 30, 2026
Balance at beginning of period		$	(34,580)		$	(3,176)		$	(930)		$	(38,686)
Other comprehensive gain (loss) before reclassifications			533			1,078			—			1,611
Less: amounts reclassified from accumulated other comprehensive income			(19)			—			—			(19)
Total other comprehensive income (loss)			552			1,078			—			1,630
Balance at end of period		$	(34,028)		$	(2,098)		$	(930)		$	(37,056)

Three Months Ended June 30, 2025
Balance at beginning of period		$	(43,559)		$	(4,052)		$	(1,213)		$	(48,824)
Other comprehensive gain (loss) before reclassifications			(655)			(842)			—			(1,497)
Less: amounts reclassified from accumulated other comprehensive income			(1,512)			—			—			(1,512)
Total other comprehensive income (loss)			857			(842)			—			15
Balance at end of period		$	(42,702)		$	(4,894)		$	(1,213)		$	(48,809)

Six Months Ended June 30, 2026
Balance at beginning of period		$	(31,598)		$	(2,881)		$	(930)		$	(35,409)
Other comprehensive gain (loss) before reclassifications			(2,449)			783			—			(1,666)
Less: amounts reclassified from accumulated other comprehensive income			(19)			—			—			(19)
Total other comprehensive income (loss)			(2,430)			783			—			(1,647)
Balance at end of period		$	(34,028)		$	(2,098)		$	(930)		$	(37,056)

Six Months Ended June 30, 2025
Balance at beginning of period		$	(47,741)		$	(2,582)		$	(1,213)		$	(51,536)
Other comprehensive gain (loss) before reclassifications			2,615			(2,312)			—			303
Less: amounts reclassified from accumulated other comprehensive income			(2,424)			—			—			(2,424)
Total other comprehensive income (loss)			5,039			(2,312)			—			2,727
Balance at end of period		$	(42,702)		$	(4,894)		$	(1,213)		$	(48,809)

Reclassification out of Accumulated Other Comprehensive Income


		Three Months Ended June 30,						Six Months Ended June 30,						Affected Line Item where
(in thousands)		2026			2025			2026			2025			Net Income is Presented
Net realized (losses) gains on AFS securities:
Before tax		$	(25)		$	(1,996)		$	(25)		$	(3,200)		Non-interest income
Tax effect			6			484			6			776		Tax expense
Total reclassifications for the period		$	(19)		$	(1,512)		$	(19)		$	(2,424)