The segments of the Company’s loan portfolio are disaggregated to a level that allows management to monitor risk and performance. The loan segments used are consistent with the internal reports evaluated by the Company’s management and Board of Directors to monitor risk and performance within various segments of its loan portfolio and, therefore, no further disaggregation is considered necessary. The Company’s loan portfolio consists primarily of real estate loans on commercial and residential property. The portfolio also includes agricultural loans, commercial loans, municipal loans, and consumer loans.

The Company’s primary lending activity is the origination of commercial loans extended to small and mid-sized commercial and industrial entities.

Commercial loans are primarily underwritten on the basis of the borrowers’ ability to service such debt from income. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. As a general practice, the Company takes as collateral a security interest in any equipment, or other chattel, although loans may also be made on an unsecured basis. Collateralized working capital loans typically are secured by short-term assets whereas long-term loans are primarily secured by long-term assets.

Construction and Land loans are to finance the construction of owner-occupied and income producing properties. These loans are categorized within commercial or one-to-four family residential loans based upon the underlying collateral and intended use following the completion of the construction period. Real estate development and construction loans are approved based on an analysis of the borrower and guarantor, the viability of the project and on an acceptable percentage of the appraised value of the property securing the loan. Construction loan funds are disbursed periodically based on the percentage of construction or development completed. The Company carefully monitors these loans with on-site inspections and requires the receipt of lien

waivers on funds advanced. The Company considers the market conditions and feasibility of proposed projects, the financial condition and reputation of the borrower and guarantors, the amount of the borrower’s equity in the project, independent appraisals, cost estimates and pre-construction sale information. The Company also makes loans on occasion for the purchase of land for future development by the borrower. Land loans are extended for the future development for either commercial or residential use by the borrower. The Company carefully analyzes the intended use of the property and the viability thereof.

The Company’s commercial real estate loans consist of mortgage loans secured by nonresidential real estate, such as by apartment buildings, small office buildings, and owner-occupied properties. Commercial real estate loans are secured by the subject property and are underwritten based on loan to value limits, cash flow coverage and general creditworthiness of the obligors. These loans tend to involve larger loan balances and their repayment is typically dependent upon the successful operation and management of the underlying real estate.

Residential real estate loans are underwritten based on the borrower’s repayment capacity and source, value of the underlying property, credit history and stability. These loans are secured by a first or second mortgage on the borrower’s principal residence or their second/vacation home (excluding investment/rental property).

In addition to the main types of loans discussed above, the Company also originates agricultural loans, consumer loans, and municipal loans. The agricultural loan portfolio consists of loans to local farmers and agricultural businesses that are generally secured by farmland and equipment. The consumer loan portfolio consists of lending in the form of home equity loans secured by financed property and personal consumer loans, which may be secured or unsecured. The municipal loan portfolio consists of loans to qualified local municipalities, which are generally supported by the taxing authority of the borrowing municipality, and is frequently secured by collateral.

Management systematically monitors the loan portfolio and the appropriateness of the allowance for credit losses on a quarterly basis to provide for expected losses inherent in the portfolio. For segments determined by discounted cash flow analysis, the Company's estimate of future economic conditions utilized in its estimate is primarily dependent on the Federal Open Market Committee's forecasts related to Real Gross Domestic Product and Unemployment rate. For segments determined by the remaining life method, an average loss rate is generally calculated based on peer losses and applied to the future outstanding loan balances at quarter end.

Certain qualitative factors are then added to the historical allocation percentage to get the adjusted factor to be applied to non-classified loans. The following qualitative factors are analyzed for each portfolio segment:

These qualitative factors are reviewed each quarter and adjusted based upon relevant changes within the portfolio.

The total allowance reflects management’s estimate of credit losses inherent in the loan portfolio at the Consolidated Balance Sheet date. The Company considers the allowance for credit losses adequate to cover loan losses inherent in the loan portfolio at March 31, 2025 and December 31, 2024.

Accrued interest receivable on loans totaled $8,367 and $8,714 at March 31, 2025 and December 31, 2024, respectively, and was reported within accrued interest receivable and other assets on the consolidated balance sheets and is excluded from the estimate of credit losses.

The following tables summarize the activity in the allowance for credit losses by loan segment for the three months ended March 31, 2025 and 2024.


	Beginning balance		Charge-offs			Recoveries		Provision for credit losses			Ending balance
(In Thousands)	For the Three Months Ended March 31, 2025
Allowance for credit losses:
Agriculture and farmland	$	11	$	—		$	—	$	(1	)	$	10
Construction		893		—			2		465			1,360
Commercial & industrial		4,093		(74	)		3		381			4,403
Commercial real estate
Multifamily		1,805		—			—		8			1,813
Owner occupied		5,611		—			—		(272	)		5,339
Non-owner occupied		9,345		—			—		(295	)		9,050
Residential real estate
First liens		3,395		—			4		(100	)		3,299
Second liens and lines of credit		1,154		—			1		53			1,208
Municipal		48		—			—		(12	)		36
Consumer		80		(18	)		1		38			101
Total	$	26,435	$	(92	)	$	11	$	265		$	26,619

	Beginning balance		Charge-offs			Recoveries		Provision for credit losses			Ending balance
(In Thousands)	For the Three Months Ended March 31, 2024
Allowance for credit losses:
Agriculture and farmland	$	12	$	—		$	—	$	—		$	12
Construction		959		—			1		563			1,523
Commercial & industrial		2,940		(6	)		2		26			2,962
Commercial real estate
Multifamily		1,483		—			—		109			1,592
Owner occupied		6,572		(6	)		—		(828	)		5,738
Non-owner occupied		5,773		(54	)		—		380			6,099
Residential real estate
First liens		4,778		—			8		(111	)		4,675
Second liens and lines of credit		1,072		—			6		(7	)		1,071
Municipal		79		—			—		(11	)		68
Consumer		99		(22	)		1		24			102
Total	$	23,767	$	(88	)	$	18	$	145		$	23,842

The following tables present the amortized cost basis of nonaccrual loans and loans past due 90 days or greater and still accruing by segments of the loan portfolio:


	As of March 31, 2025
(In Thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with a related Allowance for Credit Loss		Total Nonaccrual		Loans 90 days or greater past due still accruing
Agriculture and farmland	$	—	$	—	$	—	$	—
Construction		9		195		204		—
Commercial & industrial		5,889		391		6,280		—
Commercial real estate
Multifamily		—		—		—		—
Owner occupied		8,066		1,587		9,653		—
Non-owner occupied		3,295		3,910		7,205		124
Residential real estate
First liens		2,080		—		2,080		9
Second liens and lines of credit		488		—		488		—
Municipal		—		—		—		—
Consumer		—		—		—		—
Total	$	19,827	$	6,083	$	25,910	$	133

	December 31, 2024
(In Thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with a related Allowance for Credit Loss		Total Nonaccrual		Loans 90 days or greater past due still accruing
Agriculture and farmland	$	—	$	—	$	—	$	—
Construction		9		—		9		157
Commercial & industrial		125		7		132		—
Commercial real estate
Multifamily		—		—		—		—
Owner occupied		6,171		3,581		9,752		—
Non-owner occupied		398		3,931		4,329		—
Residential real estate
First liens		1,975		—		1,975		289
Second liens and lines of credit		482		—		482		—
Municipal		—		—		—		—
Consumer		—		—		—		48
Total	$	9,160	$	7,519	$	16,679	$	494

The Company recognized $124 and $28 of interest income on nonaccrual loans during the three months ended March 31, 2025 and 2024, respectively.

The following tables present, by class of loans, the carrying value of collateral dependent nonaccrual loans and type of collateral as of March 31, 2025 and December 31, 2024.


	March 31, 2025
(In Thousands)	Real Estate		Business Assets		Other		Total
Agriculture and farmland loans	$	—	$	—	$	—	$	—
Construction		204		—		—		204
Commercial & industrial loans		5,840		440		—		6,280
Commercial real estate loans
Multifamily		—		—		—		—
Owner occupied		9,653		—		—		9,653
Non-owner occupied		7,205		—		—		7,205
Residential real estate loans
First liens		2,080		—		—		2,080
Second liens and lines of credit		488		—		—		488
Municipal		—		—		—		—
Consumer		—		—		—		—
	$	25,470	$	440	$	—	$	25,910

	December 31, 2024
(In Thousands)	Real Estate		Business Assets		Other		Total
Agriculture and farmland loans	$	—	$	—	$	—	$	—
Construction		9		—		—		9
Commercial & industrial loans		—		132		—		132
Commercial real estate loans
Multifamily		—		—		—		—
Owner occupied		9,752		—		—		9,752
Non-owner occupied		4,329		—		—		4,329
Residential real estate loans
First liens		1,975		—		—		1,975
Second liens and lines of credit		482		—		—		482
Municipal		—		—		—		—
Consumer		—		—		—		—
	$	16,547	$	132	$	—	$	16,679

The following tables present an aging analysis of the recorded investment of past due loans at March 31, 2025 and December 31, 2024.


		March 31, 2025
(In Thousands)		30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Loans
Agriculture and farmland		$	892	$	—	$	—	$	892	$	65,792	$	66,684
Construction			—		—		204		204		136,217		136,421
Commercial & industrial			6,241		—		400		6,641		250,661		257,302
Commercial real estate
Multifamily			401		313		—		714		215,202		215,916
Owner occupied			—		170		9,606		9,776		463,119		472,895
Non-owner occupied			—		2,943		352		3,295		642,498		645,793
Residential real estate
First liens			992		428		595		2,015		376,405		378,420
Second liens and lines of credit			178		120		223		521		79,384		79,905
Municipal			1		—		—		1		3,011		3,012
Consumer			—		—		—		—		17,097		17,097
Total		$	8,705	$	3,974	$	11,380	$	24,059	$	2,249,386	$	2,273,445

	December 31, 2024
(In Thousands)		30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Loans
Agriculture and farmland		$	23	$	—	$	—	$	23	$	67,718	$	67,741
Construction			197		—		166		363		152,256		152,619
Commercial & industrial			41		—		90		131		245,702		245,833
Commercial real estate
Multifamily			314		—		—		314		211,464		211,778
Owner occupied			334		660		8,768		9,762		467,980		477,742
Non-owner occupied			—		—		398		398		627,839		628,237
Residential real estate
First liens			686		317		1,220		2,223		371,246		373,469
Second liens and lines of credit			191		119		276		586		76,127		76,713
Municipal			—		—		—		—		3,886		3,886
Consumer			7		1		48		56		17,030		17,086
Total		$	1,793	$	1,097	$	10,966	$	13,856	$	2,241,248	$	2,255,104

The following tables represent credit exposures by internally assigned grades as of March 31, 2025 and December 31, 2024. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all.

Pass – loans that are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. There are four sub-grades within the Pass category to further distinguish the loan.

Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected.

Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.

Doubtful – loans classified as Doubtful have all the weaknesses inherent in a Substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances.

Loss – loans classified as a Loss are considered uncollectible and are immediately charged against allowances.

The following tables present the classes of the loan portfolio summarized by the internal risk rating system as of March 31, 2025.


	March 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Agriculture and farmland
Pass	$	511	$	10,928	$	1,026	$	13,523	$	8,619	$	25,900	$	5,230	$	32	$	65,769
Special mention		—		—		—		—		—		179		250		—		429
Substandard or lower		—		—		—		—		—		486		—		—		486
Total Agriculture and farmland	$	511	$	10,928	$	1,026	$	13,523	$	8,619	$	26,565	$	5,480	$	32	$	66,684
Agriculture and farmland
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Construction
Pass		6,783		38,591		40,666		17,619		17,739		6,601		8,218		—		136,217
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		204		—		—		—		—		—		204
Total Construction		6,783		38,591		40,870		17,619		17,739		6,601		8,218		—		136,421
Construction
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Commercial & industrial
Pass		14,296		38,759		22,913		16,633		17,653		15,920		117,844		246		244,264
Special mention		—		—		—		4,391		78		—		1,007		—		5,476
Substandard or lower		—		—		41		384		23		265		6,849		—		7,562
Total Commercial & industrial		14,296		38,759		22,954		21,408		17,754		16,185		125,700		246		257,302
Commercial & industrial
Current period gross charge-offs		—		74		—		—		—		—		—		—		74
Commercial real estate - Multifamily
Pass		150		34,152		17,836		82,440		49,215		30,712		816		—		215,321
Special mention		—		—		—		595		—		—		—		—		595
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Multifamily		150		34,152		17,836		83,035		49,215		30,712		816		—		215,916
Commercial real estate - Multifamily
Current period gross charge-offs		—		—		—		—		—		—		—		—		—


	March 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial real estate - Owner occupied
Pass		4,110		53,437		55,980		98,534		82,506		142,746		15,407		—		452,720
Special mention		—		—		—		362		1,959		5,603		296		—		8,220
Substandard or lower		—		—		—		9,272		—		2,609		74		—		11,955
Total Commercial real estate - Owner occupied		4,110		53,437		55,980		108,168		84,465		150,958		15,777		—		472,895
Commercial real estate - Owner occupied
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Commercial real estate - Non-owner occupied
Pass		36,865		78,727		48,572		185,578		109,035		158,731		9,381		—		626,889
Special mention		—		—		—		—		1,523		6,322		—		—		7,845
Substandard or lower		—		724		—		—		3,910		6,277		74		74		11,059
Total Commercial real estate - Non-owner occupied		36,865		79,451		48,572		185,578		114,468		171,330		9,455		74		645,793
Commercial real estate - Non-owner occupied
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Municipal
Pass		—		67		344		—		336		2,176		89		—		3,012
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Municipal		—		67		344		—		336		2,176		89		—		3,012
Municipal
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Total
Pass	$	62,715	$	254,661	$	187,337	$	414,327	$	285,103	$	382,786	$	156,985	$	278	$	1,744,192
Special mention		—		—		—		5,348		3,560		12,104		1,553		—		22,565
Substandard or lower		—		724		245		9,656		3,933		9,637		6,997		74		31,266
Total	$	62,715	$	255,385	$	187,582	$	429,331	$	292,596	$	404,527	$	165,535	$	352	$	1,798,023

The following tables present the classes of the loan portfolio summarized by the internal risk rating system as of December 31, 2024.


	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Agriculture and farmland
Pass	$	11,357	$	1,040	$	13,682	$	8,761	$	4,780	$	21,105	$	5,320	$	—	$	66,045
Special mention		—		10		—		51		—		1,387		248		—		1,696
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Agriculture and farmland	$	11,357	$	1,050	$	13,682	$	8,812	$	4,780	$	22,492	$	5,568	$	—	$	67,741
Agriculture and farmland
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Construction
Pass		38,681		54,929		17,645		18,952		1,226		8,567		12,422		—		152,422
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		197		—		—		—		—		—		—		197
Total Construction		38,681		55,126		17,645		18,952		1,226		8,567		12,422		—		152,619
Construction
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Commercial & industrial
Pass		36,194		23,645		18,632		18,880		10,145		8,154		115,655		—		231,305
Special mention		301		153		4,606		88		—		363		7,023		—		12,534
Substandard or lower		74		51		384		47		—		299		1,139		—		1,994
Total Commercial & industrial		36,569		23,849		23,622		19,015		10,145		8,816		123,817		—		245,833
Commercial & industrial
Current period gross charge-offs		—		—		—		—		20		7		125		—		152
Commercial real estate - Multifamily
Pass		34,006		11,064		84,497		49,859		19,451		11,232		685		—		210,794
Special mention		—		—		984		—		—		—		—		—		984
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Multifamily		34,006		11,064		85,481		49,859		19,451		11,232		685		—		211,778
Commercial real estate - Multifamily
Current period gross charge-offs		—		—		—		—		—		—		—		—		—


	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial real estate - Owner occupied
Pass		52,566		56,674		101,351		83,703		48,003		99,600		15,120		—		457,017
Special mention		—		—		365		1,984		416		5,608		262		—		8,635
Substandard or lower		—		—		9,327		—		—		2,632		131		—		12,090
Total Commercial real estate - Owner occupied		52,566		56,674		111,043		85,687		48,419		107,840		15,513		—		477,742
Commercial real estate - Owner occupied
Current period gross charge-offs		—		—		—		—		23		6		—		—		29
Commercial real estate - Non-owner occupied
Pass		78,928		60,584		187,113		111,191		48,512		120,340		8,535		—		615,203
Special mention		744		—		—		1,536		3,352		3,073		—		—		8,705
Substandard or lower		—		—		—		3,931		—		324		74		—		4,329
Total Commercial real estate - Non-owner occupied		79,672		60,584		187,113		116,658		51,864		123,737		8,609		—		628,237
Commercial real estate - Non-owner occupied
Current period gross charge-offs		—		—		—		—		—		54		—		—		54
Municipal
Pass		71		356		—		350		939		2,088		82		—		3,886
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Municipal		71		356		—		350		939		2,088		82		—		3,886
Municipal
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Total
Pass	$	251,803	$	208,292	$	422,920	$	291,696	$	133,056	$	271,086	$	157,819	$	—	$	1,736,672
Special mention		1,045		163		5,955		3,659		3,768		10,431		7,533		—		32,554
Substandard or lower		74		248		9,711		3,978		—		3,255		1,344		—		18,610
Total	$	252,922	$	208,703	$	438,586	$	299,333	$	136,824	$	284,772	$	166,696	$	—	$	1,787,836

The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. The Company monitors small balance, homogeneous loans, such as home equity, residential mortgage, and consumer loans based on delinquency status rather than the assignment of loan specific risk ratings. The Company will evaluate credit quality based on

the aging status of the loan. The following tables present the amortized cost of these loans based on payment activity, by origination year, as of March 31, 2025 and December 31, 2024.


	March 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Residential real estate - First liens
Performing	$	6,357	$	29,358	$	49,722	$	85,343	$	79,985	$	111,338	$	14,159	$	69	$	376,331
Nonperforming		—		—		—		—		166		1,923		—		—		2,089
Total Residential real estate - First liens	$	6,357	$	29,358	$	49,722	$	85,343	$	80,151	$	113,261	$	14,159	$	69	$	378,420
Residential real estate - First liens
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Residential real estate - Second liens and lines of credit
Performing		—		2,731		1,524		947		229		1,245		72,741		—		79,417
Nonperforming		—		—		—		—		—		215		273		—		488
Total Residential real estate - Second liens and lines of credit		—		2,731		1,524		947		229		1,460		73,014		—		79,905
Residential real estate - Second liens and lines of credit
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Consumer and other
Performing		832		1,888		3,716		1,767		163		183		8,548		—		17,097
Nonperforming		—		—		—		—		—		—		—		—		—
Total Consumer and other		832		1,888		3,716		1,767		163		183		8,548		—		17,097
Consumer and other
Current period gross charge-offs		—		10		7		—		—		1		—		—		18
Total
Performing	$	7,189	$	33,977	$	54,962	$	88,057	$	80,377	$	112,766	$	95,448	$	69	$	472,845
Nonperforming		—		—		—		—		166		2,138		273		—		2,577
Total	$	7,189	$	33,977	$	54,962	$	88,057	$	80,543	$	114,904	$	95,721	$	69	$	475,422


	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Residential real estate - First liens
Performing	$	28,532	$	48,601	$	86,197	$	82,086	$	35,962	$	78,244	$	11,583	$	—	$	371,205
Nonperforming		—		—		—		219		29		2,016		—		—		2,264
Total Residential real estate - First liens	$	28,532	$	48,601	$	86,197	$	82,305	$	35,991	$	80,260	$	11,583	$	—	$	373,469
Residential real estate - First liens
Current period gross charge-offs		—		—		—		—		—		4		—		—		4
Residential real estate - Second liens and lines of credit
Performing		2,643		940		985		349		61		1,666		68,937		650		76,231
Nonperforming		—		—		—		—		—		294		188		—		482
Total Residential real estate - Second liens and lines of credit		2,643		940		985		349		61		1,960		69,125		650		76,713
Residential real estate - Second liens and lines of credit
Current period gross charge-offs		—		—		—		—		—		9		—		—		9
Consumer and other
Performing		2,610		4,433		1,863		113		52		67		7,900		—		17,038
Nonperforming		—		—		—		—		—		48		—		—		48
Total Consumer and other		2,610		4,433		1,863		113		52		115		7,900		—		17,086
Consumer and other
Current period gross charge-offs		—		6		4		6		1		18		150		—		185
Total
Performing	$	33,785	$	53,974	$	89,045	$	82,548	$	36,075	$	79,977	$	88,420	$	650	$	464,474
Nonperforming		—		—		—		219		29		2,358		188		—		2,794
Total	$	33,785	$	53,974	$	89,045	$	82,767	$	36,104	$	82,335	$	88,608	$	650	$	467,268

The Company may modify loans to borrowers experiencing financial difficulty by providing principal forgiveness, term extension, interest rate reduction or an other-than-insignificant payment delay. When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses. The Company may also provide multiple types of modifications on an individual loan.

For the three months ended March 31, 2025, the Company provided a payment delay to a Non Owner Occupied Commercial Real Estate borrower experiencing financial difficulty. At March 31, 2025, the amortized cost basis of the loan was $2,994 and the borrower is performing in accordance with the modified terms.

During the first six months of 2024, the Company provided a payment delay to a Non Owner Occupied Commercial Real Estate borrower experiencing financial difficulty. At March 31, 2025, the amortized cost basis of the loan is $3,910 and has been placed on non-accrual.

The Company has not committed to lend any additional funds at both March 31, 2025 and December 31, 2024 to the borrowers noted above.