Commercial real estate: Commercial real estate loans include all loans secured by non-farm, nonresidential properties and by multifamily residential properties, as well as 1-4 family investment-purpose real estate loans.

Commercial and industrial: Commercial and industrial loans include loans used to purchase fixed assets, provide working capital or meet other financing needs of the business. Loans are normally secured by the assets being purchased or already owned by the borrower, inventory or accounts receivable. These may include SBA and other guaranteed or partially guaranteed types of loans.

Residential real estate: Residential real estate loans include loans secured by primary or secondary personal residences.

Agricultural real estate: Agricultural real estate loans are loans typically secured by farmland.

Agricultural: Agricultural loans are primarily operating lines subject to annual farming revenues including productivity/yield of the agricultural commodities produced. These loans may be secured by growing crops, stored crops, livestock, equipment, and miscellaneous receivables.

Consumer: Consumer loans may include installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. These loans are generally secured by consumer assets but may be unsecured.

From time to time, the Company has purchased pools of residential real estate loans originated by other financial institutions to hold for investment with the intent to diversify the residential real estate portfolio. During the six months ended June 30, 2026 the Company recorded net purchases of residential loan participations of $8,023 and one mortgage pool of residential loans totaling $15,923. During the six months ended June 30, 2025 the Company did not purchase any pools of residential loans. As of June 30, 2026, and December 31, 2025, residential real estate loans include $276,830 and $252,884 of purchased residential real estate loans.

The Company occasionally purchases the government guaranteed portion of loans originated by other financial institutions to hold for investment. During the three and six months ended June 30, 2026, the Company purchased $33,596 in loans guaranteed by governmental agencies. During the three and six months ended June 30, 2025, the Company purchased $61,987 in loans guaranteed by governmental agencies.

The unamortized purchase accounting discounts related to non-purchase credit deteriorated loans included in the loan totals above are $20,840 with related loans of $1,315,781 at June 30, 2026, and $12,853 with related loans of $627,644 at December 31, 2025.

Overdraft deposit accounts are reclassified and included in consumer loans above. These accounts totaled $1,001 at June 30, 2026, and $878 at December 31, 2025.

The following tables present the activity in the allowance for credit losses by class for the three month period ended June 30, 2026, and 2025.


June 30, 2026	Commercial Real Estate			Commercial and Industrial			Residential Real Estate			Agricultural Real Estate			Agricultural			Consumer			Total
Allowance for credit losses:
Beginning balance	$	22,882		$	23,850		$	7,701		$	7,665		$	291		$	1,856		$	64,245
Provision for credit losses		159			1,171			(221	)		(270	)		326			139			1,304
Initial allowance on purchase credit deteriorated ("PCD") loans		524			—			—			—			—			—			524
Initial allowance on purchased seasoned loans		—			—			—			—			—			—			—
Loans charged-off		(33	)		(2,406	)		(1	)		(163	)		(44	)		(308	)		(2,955	)
Recoveries		135			710			3			355			36			56			1,295
Total ending allowance balance	$	23,667		$	23,325		$	7,482		$	7,587		$	609		$	1,743		$	64,413


June 30, 2025	Commercial Real Estate			Commercial and Industrial			Residential Real Estate			Agricultural Real Estate			Agricultural			Consumer			Total
Allowance for credit losses:
Beginning balance	$	16,122		$	13,548		$	8,827		$	5,158		$	356		$	1,813		$	45,824
Provision for credit losses		64			24			(184	)		(25	)		(53	)		193			19
Loans charged-off		(228	)		(409	)		(109	)		(21	)		(76	)		(275	)		(1,118	)
Recoveries		292			74			8			20			41			110			545
Total ending allowance balance	$	16,250		$	13,237		$	8,542		$	5,132		$	268		$	1,841		$	45,270

The following tables present the activity in the allowance for credit losses by class for the six month period ended June 30, 2026, and 2025.


June 30,2026	Commercial Real Estate			Commercial and Industrial			Residential Real Estate			Agricultural Real Estate			Agricultural			Consumer			Total
Allowance for credit losses:
Beginning balance	$	20,037		$	17,830		$	8,068		$	4,669		$	337		$	1,815			52,756
Provision for credit losses		1,082			5,638			(834	)		1,056			65			252			7,259
Initial allowance on purchase credit deteriorated ("PCD") loans		1,379			1,962			160			440			202			1			4,144
Initial allowance on purchased seasoned loans		1,108			718			114			1,254			12			87			3,293
Loans charged-off		(105	)		(4,106	)		(30	)		(199	)		(47	)		(549	)		(5,036	)
Recoveries		166			1,283			4			367			40			137			1,997
Total ending allowance balance	$	23,667		$	23,325		$	7,482		$	7,587		$	609		$	1,743		$	64,413

The following tables present the amortized cost in loans and the balance in the allowance for credit losses by portfolio and class based on the method to determine allowance for credit loss as of June 30, 2026, and December 31, 2025.


June 30, 2026	Commercial Real Estate		Commercial and Industrial		Residential Real Estate		Agricultural Real Estate		Agricultural		Consumer		Total
Allowance for credit losses:
Individually evaluated for credit losses	$	4,020	$	4,451	$	949	$	498	$	212	$	178	$	10,308
Collectively evaluated for credit losses		19,647		18,874		6,533		7,089		397		1,565		54,105
Total	$	23,667	$	23,325	$	7,482	$	7,587	$	609	$	1,743	$	64,413
Loan Balance:
Individually evaluated for credit losses	$	36,012	$	33,386	$	6,072	$	5,892	$	3,477	$	742	$	85,581
Collectively evaluated for credit losses		2,932,269		921,994		704,876		413,938		243,850		103,210		5,320,137
Total	$	2,968,281	$	955,380	$	710,948	$	419,830	$	247,327	$	103,952	$	5,405,718


December 31, 2025	Commercial Real Estate		Commercial and Industrial		Residential Real Estate		Agricultural Real Estate		Agricultural		Consumer		Total
Allowance for credit losses:
Individually evaluated for credit losses	$	2,599	$	2,341	$	910	$	342	$	186	$	171	$	6,549
Collectively evaluated for credit losses		17,438		15,489		7,158		4,327		151		1,644		46,207
Total	$	20,037	$	17,830	$	8,068	$	4,669	$	337	$	1,815	$	52,756
Loan Balance:
Individually evaluated for credit losses	$	18,171	$	21,905	$	4,664	$	2,886	$	3,928	$	770	$	52,324
Collectively evaluated for credit losses		2,208,177		794,980		577,481		276,041		184,547		104,630		4,145,856
Total	$	2,226,348	$	816,885	$	582,145	$	278,927	$	188,475	$	105,400	$	4,198,180

The following tables present information related to non-accrual loans at June 30, 2026, and December 31, 2025.


	June 30,2026
	Unpaid Principal Balance		Recorded Investment		Allowance for Credit Losses Allocated
With no related allowance recorded:
Commercial real estate	$	8,171	$	7,664	$	—
Commercial and industrial		3,573		3,386		—
Residential real estate		2,079		2,038		—
Agricultural real estate		2,483		2,090		—
Agricultural		2,604		2,236		—
Consumer		19		—		—
Subtotal		18,929		17,414		—
With an allowance recorded:
Commercial real estate		14,402		13,009		2,836
Commercial and industrial		31,377		23,779		3,912
Residential real estate		4,128		3,880		935
Agricultural real estate		1,437		1,257		297
Agricultural		446		425		106
Consumer		753		710		174
Subtotal		52,543		43,060		8,260
Total	$	71,472	$	60,474	$	8,260


	December 31, 2025
	Unpaid Principal Balance		Recorded Investment		Allowance for Credit Losses Allocated
With no related allowance recorded:
Commercial real estate	$	3,795	$	3,734	$	—
Commercial and industrial		2,146		707		—
Residential real estate		610		552		—
Agricultural real estate		297		—		—
Agricultural		1,624		1,291		—
Consumer		14		—		—
Subtotal		8,486		6,284		—
With an allowance recorded:
Commercial real estate		7,461		6,758		1,639
Commercial and industrial		24,794		20,820		2,303
Residential real estate		3,975		3,704		875
Agricultural real estate		1,694		1,167		262
Agricultural		897		862		124
Consumer		719		681		162
Subtotal		39,540		33,992		5,365
Total	$	48,026	$	40,276	$	5,365

The tables below present average recorded investment and interest income related to non-accrual loans for the three and six months ended June 30, 2026, and 2025. Interest income recognized in the following table was substantially recognized on a cash basis. The recorded investment in loans excludes accrued interest receivable due to immateriality.


	As of and for the Three Months Ended
	June 30, 2026				June 30, 2025
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$	6,005	$	34	$	3,295	$	8
Commercial and industrial		2,898		6		8,584		125
Residential real estate		1,019		35		—		—
Agricultural real estate		2,090		—		1,892		16
Agricultural		2,663		3		645		—
Consumer		—		—		—		—
Subtotal		14,675		78		14,416		149
With an allowance recorded:
Commercial real estate	$	12,321		8		5,416		32
Commercial and industrial		23,258		26		7,802		13
Residential real estate		3,674		3		4,477		4
Agricultural real estate		1,460		—		1,296		—
Agricultural		346		1		1,353		—
Consumer		724		2		802		6
Subtotal		41,783		40		21,146		55
Total	$	56,458	$	118	$	35,562	$	204


	As of and for the Six Months Ended
	June 30, 2026				June 30, 2025
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$	5,248	$	34	$	3,219	$	8
Commercial and industrial		2,168		101		5,723		125
Residential real estate		864		36		—		—
Agricultural real estate		1,393		—		1,932		48
Agricultural		2,205		3		430		—
Consumer		—		—		—		—
Subtotal		11,878		174		11,304		181
With an allowance recorded:
Commercial real estate		10,467		8		5,074		32
Commercial and industrial		22,445		30		7,801		17
Residential real estate		3,683		3		4,542		4
Agricultural real estate		1,363		—		2,110		—
Agricultural		518		1		1,099		—
Consumer		710		2		795		7
Subtotal		39,186		44		21,421		60
Total	$	51,064	$	218	$	32,725	$	241

The following table presents the amount of non-accrual interest income written off for the three and six months ended June 30, 2026, and 2025.

The following tables present the aging of the recorded investment in past due loans as of June 30, 2026, and December 31, 2025, by portfolio and class of loans.


June 30, 2026	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 90 Days Past Due Still On Accrual		Non-accrual		Loans Not Past Due		Total
Commercial real estate	$	6,915	$	1,327	$	559	$	20,673	$	2,938,807	$	2,968,281
Commercial and industrial		3,526		1,298		1,975		27,165		921,416		955,380
Residential real estate		5,255		1,150		45		5,918		698,580		710,948
Agricultural real estate		362		32		—		3,347		416,089		419,830
Agricultural		361		58		412		2,661		243,835		247,327
Consumer		250		141		—		710		102,851		103,952
Total	$	16,669	$	4,006	$	2,991	$	60,474	$	5,321,578	$	5,405,718


December 31, 2025	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 90 Days Past Due Still On Accrual		Non-accrual		Loans Not Past Due		Total
Commercial real estate	$	4,411	$	3,121	$	—	$	10,492	$	2,208,324	$	2,226,348
Commercial and industrial		3,830		1,655		1,146		21,527		788,727		816,885
Residential real estate		3,825		842		164		4,256		573,058		582,145
Agricultural real estate		1,194		480		—		1,167		276,086		278,927
Agricultural		715		656		1,300		2,153		183,651		188,475
Consumer		353		95		—		681		104,271		105,400
Total	$	14,328	$	6,849	$	2,610	$	40,276	$	4,134,117	$	4,198,180

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 by classifying the loans as to credit risk. Consumer loans are considered pass credits unless downgraded due to payment status or reviewed as part of a larger credit relationship. The Company uses the following definitions for risk ratings.

Pass: Loans classified as pass include all loans that do not fall under one of the three following categories.

Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date.

Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Based on the analysis performed at June 30, 2026, the risk category of loans by type and year of origination is as follows.


June 30, 2026	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost		Revolving Loans Converted to Term		Total
Commercial real estate
Risk rating
Pass	$	254,078	$	528,691	$	312,077	$	124,823	$	320,646	$	426,118	$	971,281	$	742	$	2,938,456
Special mention		—		—		113		—		—		—		—		—		113
Substandard		1,164		7,554		3,813		1,528		3,080		6,547		6,026		—		29,712
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial real estate	$	255,242	$	536,245	$	316,003	$	126,351	$	323,726	$	432,665	$	977,307	$	742	$	2,968,281
Commercial and industrial
Risk rating
Pass	$	87,085	$	177,514	$	107,652	$	35,805	$	41,370	$	45,798	$	408,826	$	948	$	904,998
Special mention		—		—		—		5,700		131		192		98		—		6,121
Substandard		3		2,456		13,739		17,014		1,246		1,721		8,082		—		44,261
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial and industrial	$	87,088	$	179,970	$	121,391	$	58,519	$	42,747	$	47,711	$	417,006	$	948	$	955,380
Residential real estate
Risk rating
Pass	$	45,102	$	69,058	$	21,115	$	37,990	$	54,060	$	356,759	$	119,077	$	1,211	$	704,372
Special mention		—		—		—		—		—		265		—		—		265
Substandard		—		16		95		2,874		464		2,054		765		43		6,311
Doubtful		—		—		—		—		—		—		—		—		—
Total residential real estate	$	45,102	$	69,074	$	21,210	$	40,864	$	54,524	$	359,078	$	119,842	$	1,254	$	710,948
Agricultural real estate
Risk rating
Pass	$	42,804	$	89,139	$	37,835	$	21,419	$	25,714	$	94,215	$	102,397	$	314	$	413,837
Special mention		8		—		—		—		—		124		—		—		132
Substandard		—		—		2,393		1,927		—		1,278		263		—		5,861
Doubtful		—		—		—		—		—		—		—		—		—
Total agricultural real estate	$	42,812	$	89,139	$	40,228	$	23,346	$	25,714	$	95,617	$	102,660	$	314	$	419,830
Agricultural
Risk rating
Pass	$	26,312	$	28,721	$	17,712	$	3,443	$	1,923	$	5,799	$	161,411	$	137	$	245,458
Special mention		—		—		—		—		—		62		—		—		62
Substandard		20		586		39		126		29		349		658		—		1,807
Doubtful		—		—		—		—		—		—		—		—		—
Total agricultural	$	26,332	$	29,307	$	17,751	$	3,569	$	1,952	$	6,210	$	162,069	$	137	$	247,327
Consumer
Risk rating
Pass	$	36,079	$	12,452	$	7,443	$	8,206	$	4,684	$	5,900	$	28,478	$	—	$	103,242
Special mention		—		—		—		—		—		—		—		—		—
Substandard		24		53		94		191		150		198		—		—		710
Doubtful		—		—		—		—		—		—		—		—		—
Total consumer	$	36,103	$	12,505	$	7,537	$	8,397	$	4,834	$	6,098	$	28,478	$	—	$	103,952
Total loans
Risk rating
Pass	$	491,460	$	905,575	$	503,834	$	231,686	$	448,397	$	934,589	$	1,791,470	$	3,352	$	5,310,363
Special mention		8		—		113		5,700		131		643		98		—		6,693
Substandard		1,211		10,665		20,173		23,660		4,969		12,147		15,794		43		88,662
Doubtful		—		—		—		—		—		—		—		—		—
Total loans	$	492,679	$	916,240	$	524,120	$	261,046	$	453,497	$	947,379	$	1,807,362	$	3,395	$	5,405,718

Based on the analysis performed at December 31, 2025, the risk category of loans by type and year of origination is as follows.


December 31, 2025	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost		Revolving Loans Converted to Term		Total
Commercial real estate
Risk rating
Pass	$	429,259	$	319,227	$	162,815	$	256,817	$	162,737	$	258,510	$	614,449	$	999	$	2,204,813
Special mention		—		115		—		73		—		—		667		—		855
Substandard		4,739		2,329		1,376		3,839		1,148		3,211		4,038		—		20,680
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial real estate	$	433,998	$	321,671	$	164,191	$	260,729	$	163,885	$	261,721	$	619,154	$	999	$	2,226,348
Commercial and industrial
Risk rating
Pass	$	192,904	$	120,288	$	43,779	$	48,264	$	33,804	$	25,293	$	304,608	$	849	$	769,789
Special mention		—		93		16,865		147		10		336		129		—		17,580
Substandard		319		16,822		7,547		1,144		215		1,832		1,637		—		29,516
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial and industrial	$	193,223	$	137,203	$	68,191	$	49,555	$	34,029	$	27,461	$	306,374	$	849	$	816,885
Residential real estate
Risk rating
Pass	$	49,089	$	17,591	$	30,673	$	36,518	$	242,578	$	121,963	$	78,442	$	379	$	577,233
Special mention		—		—		—		—		—		277		—		—		277
Substandard		17		104		1,265		553		217		2,213		221		45		4,635
Doubtful		—		—		—		—		—		—		—		—		—
Total residential real estate	$	49,106	$	17,695	$	31,938	$	37,071	$	242,795	$	124,453	$	78,663	$	424	$	582,145
Agricultural real estate
Risk rating
Pass	$	65,295	$	43,928	$	19,536	$	16,115	$	10,270	$	49,537	$	70,113	$	270	$	275,064
Special mention		—		—		—		—		—		129		—		—		129
Substandard		—		—		2,146		78		407		1,103		—		—		3,734
Doubtful		—		—		—		—		—		—		—		—		—
Total agricultural real estate	$	65,295	$	43,928	$	21,682	$	16,193	$	10,677	$	50,769	$	70,113	$	270	$	278,927
Agricultural
Risk rating
Pass	$	27,452	$	20,798	$	4,886	$	1,649	$	1,506	$	2,618	$	127,847	$	224	$	186,980
Special mention		—		—		1		—		—		32		—		—		33
Substandard		56		87		143		130		17		663		366		—		1,462
Doubtful		—		—		—		—		—		—		—		—		—
Total agricultural	$	27,508	$	20,885	$	5,030	$	1,779	$	1,523	$	3,313	$	128,213	$	224	$	188,475
Consumer
Risk rating
Pass	$	37,830	$	8,889	$	9,933	$	7,213	$	3,326	$	3,485	$	34,044	$	—	$	104,720
Special mention		—		—		—		—		—		—		—		—		—
Substandard		17		61		216		223		119		44		—		—		680
Doubtful		—		—		—		—		—		—		—		—		—
Total consumer	$	37,847	$	8,950	$	10,149	$	7,436	$	3,445	$	3,529	$	34,044	$	—	$	105,400
Total loans
Risk rating
Pass	$	801,829	$	530,721	$	271,622	$	366,576	$	454,221	$	461,406	$	1,229,503	$	2,721	$	4,118,599
Special mention		—		208		16,866		220		10		774		796		—		18,874
Substandard		5,148		19,403		12,693		5,967		2,123		9,066		6,262		45		60,707
Doubtful		—		—		—		—		—		—		—		—		—
Total loans	$	806,977	$	550,332	$	301,181	$	372,763	$	456,354	$	471,246	$	1,236,561	$	2,766	$	4,198,180

The following table discloses the charge-off and recovery activity by loan type and year of origination for the six month period ending June 30, 2026.


June 30, 2026	2026			2025			2024			2023			2022			Prior			Revolving Loans Amortized Cost			Revolving Loans Converted to Term		Total
Commercial real estate
Gross charge-offs	$	—		$	(67	)	$	(16	)	$	(1	)	$	—		$	(2	)	$	(19	)	$	—	$	(105	)
Gross recoveries		—			—			—			—			1			152			13			—		166
Net charge-offs	$	—		$	(67	)	$	(16	)	$	(1	)	$	1		$	150		$	(6	)	$	—	$	61
Commercial and industrial
Gross charge-offs	$	—		$	(70	)	$	(1,808	)	$	(1,172	)	$	(315	)	$	(724	)	$	(17	)	$	—	$	(4,106	)
Gross recoveries		—			—			4			703			4			530			42			—		1,283
Net charge-offs	$	—		$	(70	)	$	(1,804	)	$	(469	)	$	(311	)	$	(194	)	$	25		$	—	$	(2,823	)
Residential real estate
Gross charge-offs	$	—		$	—		$	—		$	(21	)	$	(1	)	$	(3	)	$	(5	)	$	—	$	(30	)
Gross recoveries		—			—			—			—			—			—			1			3		4
Net charge-offs	$	—		$	—		$	—		$	(21	)	$	(1	)	$	(3	)	$	(4	)	$	3	$	(26	)
Agricultural real estate
Gross charge-offs	$	—		$	—		$	(168	)	$	(14	)	$	(13	)	$	—		$	(4	)	$	—	$	(199	)
Gross recoveries		—			—			—			14			15			338			—			—		367
Net charge-offs	$	—		$	—		$	(168	)	$	—		$	2		$	338		$	(4	)	$	—	$	168
Agricultural
Gross charge-offs	$	—		$	(20	)	$	—		$	(2	)	$	—		$	—		$	(25	)	$	—	$	(47	)
Gross recoveries		—			—			—			3			—			34			3			—		40
Net charge-offs	$	—		$	(20	)	$	—		$	1		$	—		$	34		$	(22	)	$	—	$	(7	)
Consumer
Gross charge-offs	$	(79	)	$	(87	)	$	(34	)	$	(56	)	$	(77	)	$	(161	)	$	(55	)	$	—	$	(549	)
Gross recoveries		4			7			7			11			35			66			7			—		137
Net charge-offs	$	(75	)	$	(80	)	$	(27	)	$	(45	)	$	(42	)	$	(95	)	$	(48	)	$	—	$	(412	)
Total loans
Gross charge-offs	$	(79	)	$	(244	)	$	(2,026	)	$	(1,266	)	$	(406	)	$	(890	)	$	(125	)	$	—	$	(5,036	)
Gross recoveries		4			7			11			731			55			1,120			66			3		1,997
Net charge-offs	$	(75	)	$	(237	)	$	(2,015	)	$	(535	)	$	(351	)	$	230		$	(59	)	$	3	$	(3,039	)

The following table discloses the charge-off and recovery activity by loan type and year of origination for the six month period ending June 30, 2025.


June 30, 2025	2025			2024			2023			2022			2021			Prior			Revolving Loans Amortized Cost			Revolving Loans Converted to Term		Total
Commercial real estate
Gross charge-offs	$	—		$	(4	)	$	(2	)	$	(240	)	$	(4	)	$	—		$	—		$	—	$	(250	)
Gross recoveries		—			—			—			198			2			534			—			—		734
Net charge-offs	$	—		$	(4	)	$	(2	)	$	(42	)	$	(2	)	$	534		$	—		$	—	$	484
Commercial and industrial
Gross charge-offs	$	—		$	(40	)	$	(180	)	$	(36	)	$	(21	)	$	(564	)	$	(11	)	$	—	$	(852	)
Gross recoveries		—			—			7			4			86			297			83			1		478
Net charge-offs	$	—		$	(40	)	$	(173	)	$	(32	)	$	65		$	(267	)	$	72		$	1	$	(374	)
Residential real estate
Gross charge-offs	$	—		$	—		$	(1	)	$	(34	)	$	—		$	(85	)	$	(2	)	$	—	$	(122	)
Gross recoveries		—			—			—			—			—			12			5			—		17
Net charge-offs	$	—		$	—		$	(1	)	$	(34	)	$	—		$	(73	)	$	3		$	—	$	(105	)
Agricultural real estate
Gross charge-offs	$	—		$	—		$	—		$	(17	)	$	—		$	(10	)	$	—		$	—	$	(27	)
Gross recoveries		—			—			—			6			—			68			—			—		74
Net charge-offs	$	—		$	—		$	—		$	(11	)	$	—		$	58		$	—		$	—	$	47
Agricultural
Gross charge-offs	$	—		$	(11	)	$	(15	)	$	(1	)	$	—		$	(66	)	$	—		$	—	$	(93	)
Gross recoveries		—			—			8			—			—			34			—			—		42
Net charge-offs	$	—		$	(11	)	$	(7	)	$	(1	)	$	—		$	(32	)	$	—		$	—	$	(51	)
Consumer
Gross charge-offs	$	(146	)	$	(76	)	$	(165	)	$	(266	)	$	(71	)	$	(145	)	$	(44	)	$	—	$	(913	)
Gross recoveries		1			9			22			53			11			69			9			—		174
Net charge-offs	$	(145	)	$	(67	)	$	(143	)	$	(213	)	$	(60	)	$	(76	)	$	(35	)	$	—	$	(739	)
Total loans
Gross charge-offs	$	(146	)	$	(131	)	$	(363	)	$	(594	)	$	(96	)	$	(870	)	$	(57	)	$	—	$	(2,257	)
Gross recoveries		1			9			37			261			99			1,014			97			1		1,519
Net charge-offs	$	(145	)	$	(122	)	$	(326	)	$	(333	)	$	3		$	144		$	40		$	1	$	(738	)

The following table presents the amortized cost basis of loans at June 30, 2026, and 2025, that were both experiencing financial difficulty and modified during the three months ended June 30, 2026, and 2025, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.


June 30, 2026	Payment Delay		Term Extension		Combination Payment Delay and Term Extension		Total Modifications		Total Class of Financing Receivable
Commercial real estate	$	—	$	—	$	—	$	—		0.00	%
Commercial and industrial		—		9,972		—		9,972		1.04	%
Residential real estate		—		—		—		—		0.00	%
Agricultural real estate		—		—		—		—		0.00	%
Agricultural		—		—		—		—		0.00	%
Consumer		—		—		—		—		0.00	%
Total	$	—	$	9,972	$	—	$	9,972		0.18	%

June 30, 2025	Payment Delay		Term Extension		Combination Payment Delay and Term Extension		Total Modifications		Total Class of Financing Receivable
Commercial real estate	$	—	$	1,914	$	301	$	2,215		0.12	%
Commercial and industrial		—		1,339		—		1,339		0.18	%
Residential real estate		—		—		—		—		0.00	%
Agricultural real estate		—		—		—		—		0.00	%
Agricultural		—		—		—		—		0.00	%
Consumer		—		—		—		—		0.00	%
Total	$	—	$	3,253	$	301	$	3,554		0.10	%

At June 30, 2026, and 2025, there were zero and $57 in commitments to lend additional amounts on these loans.

At modification date, the Company considers loans modified to borrowers in financial distress as loans that do not share similar risk characteristics with collectively evaluated loans at modification date for the purposes of calculating the allowance for credit losses. These loans will be evaluated for credit losses based on either discounted cash flows or the fair value of collateral at modification date; however, subsequent to the modification date these loans will be evaluated for credit losses as part of the collectively evaluated pools after a period of ongoing performance under the terms of the modified loan.

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of such loans that have been modified during the twelve months ended June 30, 2026, and 2025.

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended June 30, 2026, and 2025.



June 30, 2026	Principal Forgiveness		Weighted Average Interest Rate Reduction			Weighted Average Term Extension in Years
Commercial real estate	$	—		—	%		—
Commercial and industrial		—		—	%		0.25
Residential real estate		—		—	%		—
Agricultural real estate		—		—	%		—
Agricultural		—		—	%		—
Consumer		—		—	%		—
Total loans	$	—		—	%		0.25


June 30, 2025	Principal Forgiveness		Weighted Average Interest Rate Reduction			Weighted Average Term Extension in Years
Commercial real estate	$	—		—	%		0.31
Commercial and industrial		—		—	%		0.31
Residential real estate		—		—	%		—
Agricultural real estate		—		—	%		—
Agricultural		—		—	%		—
Consumer		—		—	%		—
Total loans	$	—		—	%		0.31

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the six months ended June 30, 2026, and 2025.



June 30, 2026	Principal Forgiveness		Weighted Average Interest Rate Reduction			Weighted Average Term Extension in Years
Commercial real estate	$	—		—	%		—
Commercial and industrial		—		—	%		0.25
Residential real estate		—		—	%		—
Agricultural real estate		—		—	%		—
Agricultural		—		—	%		—
Consumer		—		—	%		—
Total loans	$	—		—	%		0.25


June 30, 2025	Principal Forgiveness		Weighted Average Interest Rate Reduction			Weighted Average Term Extension
Commercial real estate	$	—		—	%		0.31
Commercial and industrial		—		—	%		0.31
Residential real estate		—		—	%		—
Agricultural real estate		—		—	%		—
Agricultural		—		—	%		—
Consumer		—		—	%		—
Total loans	$	—		—	%		0.31

The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk from a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The allowance

for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit loss expense recognized within other non-interest expense on the consolidated statements of income and included in other liabilities on the consolidated balance sheets. The estimated credit loss includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The estimate of expected credit loss is based on the historical loss rate for the class of loan the commitments would be classified as if funded.