CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2026

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY

Schedule of Actual and Required Capital Ratios


		September 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		$	506,745		13.35	%		$	303,633		8.00	%		$	N/A		N/A	%
Common equity Tier 1 capital to risk-weighted assets			441,149		11.62				170,794		4.50				N/A		N/A
Tier 1 capital to risk-weighted assets			461,769		12.17				227,725		6.00				N/A		N/A
Tier 1 capital to average assets (leverage ratio)			461,769		9.99				184,828		4.00				N/A		N/A

Bank
Total capital to risk-weighted assets		$	500,340		13.22	%		$	302,853		8.00	%		$	378,567		10.00	%
Common equity Tier 1 capital to risk-weighted assets			465,764		12.30				170,354		4.50				246,067		6.50
Tier 1 capital to risk-weighted assets			465,764		12.30				227,139		6.00				302,852		8.00
Tier 1 capital to average assets (leverage ratio)			465,764		10.09				184,682		4.00				230,853		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)		September 30, 2026			December 31, 2025
Accumulated other comprehensive loss, before tax:
Net unrealized loss on AFS securities, net of reclassifications		$	(72,865)		$	(41,705)
Net unrealized loss on hedging derivatives			(8,015)			(3,785)
Net unrealized loss on post-retirement plans			(1,147)			(1,288)

Income taxes related to items of accumulated other comprehensive loss:
Net unrealized loss on AFS securities, net of reclassifications			17,735			10,107
Net unrealized loss on hedging derivatives			1,948			904
Net unrealized loss on post-retirement plans			326			358
Accumulated other comprehensive loss		$	(62,018)		$	(35,409)

Schedule of Components of Other Comprehensive Income (Loss)


(in thousands)		Before Tax			Tax Effect			Net of Tax
Three Months Ended September 30, 2026
Net unrealized gain (loss) on AFS securities, net of reclassifications:
Net unrealized gain (loss) arising during the period		$	(27,820)		$	6,770		$	(21,050)
Less: reclassification adjustment for gains (losses) realized in net income			69			(17)			52
Net unrealized gain (loss) on AFS securities			(27,889)			6,787			(21,102)

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			(5,243)			1,274			(3,969)
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on cash flow hedging derivatives			(5,243)			1,274			(3,969)

Net unrealized gain (loss) on post-retirement plans:
Net unrealized gain (loss) arising during the period			141			(32)			109
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on post-retirement plans			141			(32)			109
Other comprehensive income (loss)		$	(32,991)		$	8,029		$	(24,962)

Three Months Ended September 30, 2025
Net unrealized gain (loss) on AFS securities, net of reclassifications:
Net unrealized gain (loss) arising during the period		$	9,718		$	(2,165)		$	7,553
Less: reclassification adjustment for gains (losses) realized in net income			241			(59)			182
Net unrealized gain (loss) on AFS securities			9,477			(2,106)			7,371

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			1,852			(439)			1,413
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on cash flow hedging derivatives			1,852			(439)			1,413

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)		$	11,329		$	(2,545)		$	8,784



(in thousands)		Before Tax			Tax Effect			Net of Tax
Nine Months Ended September 30, 2026
Net unrealized gain (loss) on AFS securities:
Net unrealized gain (loss) arising during the period		$	(31,116)		$	7,617		$	(23,499)
Less: reclassification adjustment for gains (losses) realized in net income			44			(11)			33
Net unrealized gain (loss) on AFS securities			(31,160)			7,628			(23,532)

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			(4,230)			1,044			(3,186)
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on hedging derivatives			(4,230)			1,044			(3,186)

Net unrealized gain (loss) on post-retirement plans:
Net unrealized gain (loss) arising during the period			141			(32)			109
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on post-retirement plans			141			(32)			109
Other comprehensive income (loss)		$	(35,249)		$	8,640		$	(26,609)

Nine Months Ended September 30, 2025
Net unrealized gain (loss) on AFS securities:
Net unrealized gain (loss) arising during the period		$	12,711		$	(2,531)		$	10,180
Less: reclassification adjustment for gains (losses) realized in net income			(2,959)			729			(2,230)
Net unrealized gain (loss) on AFS securities			15,670			(3,260)			12,410

Net unrealized gain (loss) on hedging derivatives:
Net unrealized gain (loss) arising during the period			(1,207)			308			(899)
Less: reclassification adjustment for gains (losses) realized in net income			—			—			—
Net unrealized gain (loss) on hedging derivatives			(1,207)			308			(899)

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)		$	14,463		$	(2,952)		$	11,511

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 September 30, 2026
Balance at beginning of period		$	(34,028)		$	(2,098)		$	(930)		$	(37,056)
Other comprehensive gain (loss) before reclassifications			(21,050)			(3,969)			109			(24,910)
Less: amounts reclassified from accumulated other comprehensive income			52			—			—			52
Total other comprehensive income (loss)			(21,102)			(3,969)			109			(24,962)
Balance at end of period		$	(55,130)		$	(6,067)		$	(821)		$	(62,018)

Three Months Ended September 30, 2025
Balance at beginning of period		$	(42,702)		$	(4,894)		$	(1,213)		$	(48,809)
Other comprehensive gain (loss) before reclassifications			7,553			1,413			—			8,966
Less: amounts reclassified from accumulated other comprehensive income			182			—			—			182
Total other comprehensive income (loss)			7,371			1,413			—			8,784
Balance at end of period		$	(35,331)		$	(3,481)		$	(1,213)		$	(40,025)

Nine Months Ended September 30, 2026
Balance at beginning of period		$	(31,598)		$	(2,881)		$	(930)		$	(35,409)
Other comprehensive gain (loss) before reclassifications			(23,499)			(3,186)			109			(26,576)
Less: amounts reclassified from accumulated other comprehensive income			33			—			—			33
Total other comprehensive income (loss)			(23,532)			(3,186)			109			(26,609)
Balance at end of period		$	(55,130)		$	(6,067)		$	(821)		$	(62,018)

Nine Months Ended September 30, 2025
Balance at beginning of period		$	(47,741)		$	(2,582)		$	(1,213)		$	(51,536)
Other comprehensive gain (loss) before reclassifications			10,180			(899)			—			9,281
Less: amounts reclassified from accumulated other comprehensive income			(2,230)			—			—			(2,230)
Total other comprehensive income (loss)			12,410			(899)			—			11,511
Balance at end of period		$	(35,331)		$	(3,481)		$	(1,213)		$	(40,025)

Reclassification out of Accumulated Other Comprehensive Income


		Three Months Ended September 30,						Nine Months Ended September 30,						Affected Line Item where
(in thousands)		2026			2025			2026			2025			Net Income is Presented
Net realized (losses) gains on AFS securities:
Before tax		$	69		$	241		$	44		$	(2,959)		Non-interest income
Tax effect			(17)			(59)			(11)			729		Tax expense
Total reclassifications for the period		$	52		$	182		$	33		$	(2,230)