| Schedule of Activity in the Allowance for Credit Losses |
| | | | | | | | | | | | | | | | | | At or for the Three Months Ended September 30, 2026 | | | Balance at | | | | | | | | | | | | | | Beginning of | | | | | | | | Provision/ | | Balance at | (in thousands) | | Period | | Charge Offs | | Recoveries | | (Credit) | | End of Period | Commercial construction | | $ | 4,877 | | $ | — | | $ | — | | $ | 29 | | $ | 4,906 | Commercial real estate owner occupied | | | 3,459 | | | — | | | — | | | 22 | | | 3,481 | Commercial real estate non-owner occupied | | | 11,512 | | | — | | | — | | | 167 | | | 11,679 | Municipal and other | | | 95 | | | — | | | — | | | (2) | | | 93 | Commercial and industrial | | | 5,729 | | | (240) | | | 1 | | | (699) | | | 4,791 | Residential real estate | | | 5,640 | | | (3) | | | 6 | | | 135 | | | 5,778 | Home equity | | | 778 | | | — | | | 3 | | | 46 | | | 827 | Consumer other | | | 141 | | | (72) | | | 2 | | | 135 | | | 206 | Total | | $ | 32,231 | | $ | (315) | | $ | 12 | | $ | (167) | | $ | 31,761 |
| | | | | | | | | | | | | | | | | | | | | At or for the Nine Months Ended September 30, 2026 | | | Balance at | | | | | | | | | | | | | | | | | Beginning of | | | | | | | Acquired PSL | | Provision/ | | Balance at | (in thousands) | | Period | | Charge Offs | | Recoveries | | Loans | | (Credit) | | End of Period | Commercial construction | | $ | 4,371 | | $ | — | | $ | — | | $ | — | | $ | 535 | | $ | 4,906 | Commercial real estate owner occupied | | | 4,045 | | | — | | | — | | | — | | | (564) | | | 3,481 | Commercial real estate non-owner occupied | | | 12,837 | | | (3,283) | | | — | | | — | | | 2,125 | | | 11,679 | Municipal and other | | | 119 | | | — | | | — | | | — | | | (26) | | | 93 | Commercial and industrial | | | 5,378 | | | (272) | | | 53 | | | — | | | (368) | | | 4,791 | Residential real estate | | | 6,350 | | | (58) | | | 48 | | | 72 | | | (634) | | | 5,778 | Home equity | | | 814 | | | (9) | | | 11 | | | — | | | 11 | | | 827 | Consumer other | | | 138 | | | (253) | | | 12 | | | — | | | 309 | | | 206 | Total | | $ | 34,052 | | $ | (3,875) | | $ | 124 | | $ | 72 | | $ | 1,388 | | $ | 31,761 |
| | | | | | | | | | | | | | | | | | | | | At or for the Three Months Ended September 30, 2025 | | | Balance at | | | | | | | | | | | | | | | | | | Beginning of | | | | | | | | Acquired PCD | | | Provision/ | Balance at | (in thousands) | | Period | | Charge Offs | | Recoveries | | | Loans(1) | | | (Credit) | End of Period | Commercial construction | | $ | 2,032 | | $ | — | | $ | — | | $ | — | | $ | 490 | | $ | 2,522 | Commercial real estate owner occupied | | | 2,823 | | | — | | | — | | | 76 | | | 292 | | | 3,191 | Commercial real estate non-owner occupied | | | 10,980 | | | — | | | — | | | 301 | | | 1,418 | | | 12,699 | Municipal and other | | | 110 | | | — | | | — | | | — | | | 18 | | | 128 | Commercial and industrial | | | 5,664 | | | (236) | | | 12 | | | 1,174 | | | (329) | | | 6,285 | Residential real estate | | | 6,406 | | | — | | | 18 | | | 53 | | | 1,547 | | | 8,024 | Home equity | | | 786 | | | — | | | 2 | | | 2 | | | 129 | | | 919 | Consumer other | | | 84 | | | (117) | | | 5 | | | 16 | | | 184 | | | 172 | Total | | $ | 28,885 | | $ | (353) | | $ | 37 | | $ | 1,622 | | $ | 3,749 | | $ | 33,940 |
| (1) | Upon acquisition of Woodsville the Company designated certain acquired loans with an unpaid principal balance of $11.2 million as PCD loans. |
| | | | | | | | | | | | | | | | | | | | | At or for the Nine Months Ended September 30, 2025 | | | Balance at | | | | | | | | | | | | | | | | | | Beginning of | | | | | | | | | Acquired PCD | | | Provision/ | Balance at | (in thousands) | | Period | | Charge Offs | | Recoveries | | | Loans(1) | | | (Credit) | End of Period | Commercial construction | | $ | 2,096 | | $ | — | | $ | — | | $ | — | | $ | 426 | | $ | 2,522 | Commercial real estate owner occupied | | | 2,794 | | | — | | | — | | | 76 | | | 321 | | | 3,191 | Commercial real estate non-owner occupied | | | 11,104 | | | — | | | — | | | 301 | | | 1,294 | | | 12,699 | Municipal and other | | | 128 | | | — | | | — | | | — | | | — | | | 128 | Commercial and industrial | | | 5,064 | | | (480) | | | 15 | | | 1,174 | | | 512 | | | 6,285 | Residential real estate | | | 6,732 | | | — | | | 28 | | | 53 | | | 1,211 | | | 8,024 | Home equity | | | 741 | | | — | | | 9 | | | 2 | | | 167 | | | 919 | Consumer other | | | 85 | | | (223) | | | 5 | | | 16 | | | 289 | | | 172 | Total | | $ | 28,744 | | $ | (703) | | $ | 57 | | $ | 1,622 | | $ | 4,220 | | $ | 33,940 |
| (1) | Upon acquisition of Woodsville the Company designated certain acquired loans with an unpaid principal balance of $11.2 million as PCD loans. |
|
| Schedule of Loans by Risk Rating |
The following table presents our loans by year of origination, loan segmentation and risk indicator as of September 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Total | Commercial construction | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 5,300 | | $ | 78,008 | | $ | 48,057 | | $ | 50,314 | | $ | 21,441 | | $ | 4,234 | | $ | 207,354 | Special mention | | | — | | | 36,733 | | | — | | | — | | | — | | | 123 | | | 36,856 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 27 | | | 27 | Total | | $ | 5,300 | | $ | 114,741 | | $ | 48,057 | | $ | 50,314 | | $ | 21,441 | | $ | 4,384 | | $ | 244,237 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate owner occupied | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 26,888 | | $ | 41,721 | | $ | 36,348 | | $ | 39,138 | | $ | 70,928 | | $ | 122,366 | | $ | 337,389 | Special mention | | | — | | | — | | | — | | | 858 | | | 580 | | | 14,138 | | | 15,576 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 1,788 | | | 1,788 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | 41 | | | 41 | Total | | $ | 26,888 | | $ | 41,721 | | $ | 36,348 | | $ | 39,996 | | $ | 71,508 | | $ | 138,333 | | $ | 354,794 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate non-owner occupied | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 151,163 | | $ | 235,822 | | $ | 93,825 | | $ | 56,898 | | $ | 325,587 | | $ | 488,261 | | $ | 1,351,556 | Special mention | | | — | | | — | | | 26,461 | | | 400 | | | 32,592 | | | 29,740 | | | 89,193 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 31,548 | | | 31,548 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 151,163 | | $ | 235,822 | | $ | 120,286 | | $ | 57,298 | | $ | 358,179 | | $ | 549,549 | | $ | 1,472,297 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | 3,283 | | | 3,283 | | | | | | | | | | | | | | | | | | | | | | | Municipal and other | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 9,835 | | $ | 2,396 | | $ | 2,641 | | $ | 4,166 | | $ | 5,687 | | $ | 18,051 | | $ | 42,776 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 9,835 | | $ | 2,396 | | $ | 2,641 | | $ | 4,166 | | $ | 5,687 | | $ | 18,051 | | $ | 42,776 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 62,828 | | $ | 37,705 | | $ | 47,133 | | $ | 37,967 | | $ | 39,967 | | $ | 90,775 | | $ | 316,375 | Special mention | | | 366 | | | 9,353 | | | 78 | | | 649 | | | 664 | | | 951 | | | 12,061 | Substandard | | | — | | | 64 | | | 582 | | | 274 | | | 320 | | | 979 | | | 2,219 | Doubtful | | | — | | | — | | | — | | | — | | | 85 | | | 18 | | | 103 | Total | | $ | 63,194 | | $ | 47,122 | | $ | 47,793 | | $ | 38,890 | | $ | 41,036 | | $ | 92,723 | | $ | 330,758 | Current period gross write-offs | | | — | | | — | | | 20 | | | — | | | 12 | | | 240 | | | 272 |
| | | | | | | | | | | | | | | | | | | | | | (in thousands) | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Total | Residential real estate | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 63,834 | | $ | 42,101 | | $ | 31,066 | | $ | 69,799 | | $ | 193,069 | | $ | 624,648 | | $ | 1,024,517 | Nonperforming | | | — | | | — | | | 93 | | | 1,229 | | | 2,387 | | | 4,749 | | | 8,458 | Total | | $ | 63,834 | | $ | 42,101 | | $ | 31,159 | | $ | 71,028 | | $ | 195,456 | | $ | 629,397 | | $ | 1,032,975 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | 2 | | | 56 | | | 58 | | | | | | | | | | | | | | | | | | | | | | | Home equity | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 14,270 | | $ | 21,600 | | $ | 21,325 | | $ | 13,765 | | $ | 11,866 | | $ | 37,848 | | $ | 120,674 | Nonperforming | | | — | | | — | | | — | | | 85 | | | 214 | | | 677 | | | 976 | Total | | $ | 14,270 | | $ | 21,600 | | $ | 21,325 | | $ | 13,850 | | $ | 12,080 | | $ | 38,525 | | $ | 121,650 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | 9 | | | 9 | | | | | | | | | | | | | | | | | | | | | | | Consumer other | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 6,811 | | $ | 2,895 | | $ | 1,568 | | $ | 1,529 | | $ | 354 | | $ | 850 | | $ | 14,007 | Nonperforming | | | — | | | 49 | | | 53 | | | 36 | | | — | | | — | | | 138 | Total | | $ | 6,811 | | $ | 2,944 | | $ | 1,621 | | $ | 1,565 | | $ | 354 | | $ | 850 | | $ | 14,145 | Current period gross write-offs | | | — | | | 29 | | | 42 | | | 12 | | | 1 | | | 169 | | | 253 | | | | | | | | | | | | | | | | | | | | | | | Total Loans | | $ | 341,295 | | $ | 508,447 | | $ | 309,230 | | $ | 277,107 | | $ | 705,741 | | $ | 1,471,812 | | $ | 3,613,632 |
The following table presents our loans by year of origination, loan segmentation and risk indicator as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Total | Commercial construction | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 62,267 | | $ | 62,422 | | $ | 43,824 | | $ | 22,609 | | $ | 2,373 | | $ | 5,819 | | $ | 199,314 | Special mention | | | — | | | 14,434 | | | — | | | — | | | — | | | — | | | 14,434 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 31 | | | 31 | Total | | $ | 62,267 | | $ | 76,856 | | $ | 43,824 | | $ | 22,609 | | $ | 2,373 | | $ | 5,850 | | $ | 213,779 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate owner occupied | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 60,013 | | $ | 37,785 | | $ | 47,601 | | $ | 74,993 | | $ | 31,512 | | $ | 115,774 | | $ | 367,678 | Special mention | | | — | | | — | | | 878 | | | 596 | | | 13,377 | | | 1,329 | | | 16,180 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 1,895 | | | 1,895 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | 90 | | | 90 | Total | | $ | 60,013 | | $ | 37,785 | | $ | 48,479 | | $ | 75,589 | | $ | 44,889 | | $ | 119,088 | | $ | 385,843 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate non-owner occupied | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 234,960 | | $ | 78,781 | | $ | 56,134 | | $ | 329,779 | | $ | 188,810 | | $ | 420,958 | | $ | 1,309,422 | Special mention | | | — | | | 25,392 | | | — | | | 32,650 | | | 21,930 | | | 25,313 | | | 105,285 | Substandard | | | — | | | — | | | 7,596 | | | — | | | — | | | 28,294 | | | 35,890 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 234,960 | | $ | 104,173 | | $ | 63,730 | | $ | 362,429 | | $ | 210,740 | | $ | 474,565 | | $ | 1,450,597 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Municipal and other | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 7,824 | | $ | 2,852 | | $ | 4,629 | | $ | 6,030 | | $ | 918 | | $ | 20,853 | | $ | 43,106 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 7,824 | | $ | 2,852 | | $ | 4,629 | | $ | 6,030 | | $ | 918 | | $ | 20,853 | | $ | 43,106 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | | | Risk rating: | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 54,711 | | $ | 67,007 | | $ | 45,202 | | $ | 41,687 | | $ | 9,046 | | $ | 88,496 | | $ | 306,149 | Special mention | | | 127 | | | 104 | | | 1,366 | | | 1,766 | | | 431 | | | 1,108 | | | 4,902 | Substandard | | | 70 | | | 581 | | | 56 | | | 395 | | | 395 | | | 2,576 | | | 4,073 | Doubtful | | | — | | | — | | | — | | | 85 | | | 5 | | | 156 | | | 246 | Total | | $ | 54,908 | | $ | 67,692 | | $ | 46,624 | | $ | 43,933 | | $ | 9,877 | | $ | 92,336 | | $ | 315,370 | Current period gross write-offs | | | — | | | 86 | | | — | | | — | | | 25 | | | 626 | | | 737 |
| | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 45,303 | | $ | 47,589 | | $ | 76,856 | | $ | 211,153 | | $ | 187,848 | | $ | 491,752 | | $ | 1,060,501 | Nonperforming | | | — | | | — | | | 1,279 | | | 1,289 | | | 1,229 | | | 4,115 | | | 7,912 | Total | | $ | 45,303 | | $ | 47,589 | | $ | 78,135 | | $ | 212,442 | | $ | 189,077 | | $ | 495,867 | | $ | 1,068,413 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Home equity | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 20,279 | | $ | 22,933 | | $ | 15,121 | | $ | 12,304 | | $ | 6,672 | | $ | 35,992 | | $ | 113,301 | Nonperforming | | | — | | | — | | | 99 | | | 227 | | | 89 | | | 768 | | | 1,183 | Total | | $ | 20,279 | | $ | 22,933 | | $ | 15,220 | | $ | 12,531 | | $ | 6,761 | | $ | 36,760 | | $ | 114,484 | Current period gross write-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Consumer other | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 6,764 | | $ | 2,538 | | $ | 2,848 | | $ | 971 | | $ | 328 | | $ | 742 | | $ | 14,191 | Nonperforming | | | 46 | | | 11 | | | 17 | | | — | | | — | | | 2 | | | 76 | Total | | $ | 6,810 | | $ | 2,549 | | $ | 2,865 | | $ | 971 | | $ | 328 | | $ | 744 | | $ | 14,267 | Current period gross write-offs | | | — | | | 26 | | | 27 | | | 16 | | | 4 | | | 211 | | | 284 | | | | | | | | | | | | | | | | | | | | | | | Total Loans | | $ | 492,364 | | $ | 362,429 | | $ | 303,506 | | $ | 736,534 | | $ | 464,963 | | $ | 1,246,063 | | $ | 3,605,859 |
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| Summary of Past Due Loans |
| | | | | | | | | | | | | | | | | | | | | September 30, 2026 | (in thousands) | | 30-59 | | 60-89 | | 90+ | | Total Past Due | | Current | | Total Loans | Commercial construction | | $ | — | | $ | — | | $ | 27 | | $ | 27 | | $ | 244,210 | | $ | 244,237 | Commercial real estate owner occupied | | | 959 | | | — | | | — | | | 959 | | | 353,835 | | | 354,794 | Commercial real estate non-owner occupied | | | — | | | — | | | 280 | | | 280 | | | 1,472,017 | | | 1,472,297 | Municipal and other | | | — | | | — | | | — | | | — | | | 42,776 | | | 42,776 | Commercial and industrial | | | 822 | | | 59 | | | 453 | | | 1,334 | | | 329,424 | | | 330,758 | Residential real estate | | | 835 | | | 2,712 | | | 4,836 | | | 8,383 | | | 1,024,592 | | | 1,032,975 | Home equity | | | 204 | | | 353 | | | 325 | | | 882 | | | 120,768 | | | 121,650 | Consumer other | | | 90 | | | 12 | | | 88 | | | 190 | | | 13,955 | | | 14,145 | Total | | $ | 2,910 | | $ | 3,136 | | $ | 6,009 | | $ | 12,055 | | $ | 3,601,577 | | $ | 3,613,632 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | (in thousands) | | 30-59 | | 60-89 | | 90+ | | Total Past Due | | Current | | Total Loans | Commercial construction | | $ | 162 | | $ | — | | $ | — | | $ | 162 | | $ | 213,617 | | $ | 213,779 | Commercial real estate owner occupied | | | 641 | | | — | | | 723 | | | 1,364 | | | 384,479 | | | 385,843 | Commercial real estate non-owner occupied | | | — | | | — | | | 122 | | | 122 | | | 1,450,475 | | | 1,450,597 | Municipal and other | | | — | | | — | | | — | | | — | | | 43,106 | | | 43,106 | Commercial and industrial | | | 899 | | | 26 | | | 893 | | | 1,818 | | | 313,552 | | | 315,370 | Residential real estate | | | 9,162 | | | 1,190 | | | 4,640 | | | 14,992 | | | 1,053,421 | | | 1,068,413 | Home equity | | | 876 | | | 549 | | | 476 | | | 1,901 | | | 112,583 | | | 114,484 | Consumer other | | | 33 | | | 45 | | | 51 | | | 129 | | | 14,138 | | | 14,267 | Total | | $ | 11,773 | | $ | 1,810 | | $ | 6,905 | | $ | 20,488 | | $ | 3,585,371 | | $ | 3,605,859 |
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