Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2025

21. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed financial information of LINKBANCORP follows:


Balance Sheets
	December 31,
	2025		2024
(In thousands)
ASSETS
Noninterest-bearing cash equivalents	$	829	$	376
Investment in subsidiaries		358,943		334,381
Other Assets		9,175		8,197
TOTAL ASSETS	$	368,947	$	342,954
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	62,281	$	61,984
Other liabilities		234		749
Shareholders' equity		306,432		280,221
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	368,947	$	342,954


Condensed Statements of Operations and Comprehensive Income

	Years Ended December 31,
	2025			2024
(in thousands)
Income:
Interest income	$	—		$	—
Dividend income from subsidiaries		17,500			3,900
Other income		28			86
Expenses:
Interest expense		4,219			3,869
Other noninterest expenses		2,425			1,245
Income before income tax		10,884			(1,128	)
Income tax benefit		(1,413	)		(1,056	)
		12,297			(72	)
Equity in undistributed subsidiary income		21,214			26,281
Net income	$	33,511		$	26,209
Comprehensive Income	$	35,728		$	24,873


Condensed Statements of Cash Flows
	Years Ended December 31,
	2025			2024
(in thousands)
OPERATING ACTIVITIES
Net income	$	33,511		$	26,209
Adjustments:
Earnings of subsidiaries		(38,714	)		(30,181	)
Accretion (amortization) of premiums and discounts		297			540
Share-based and deferred compensation		173			85
Other, net		(1,444	)		(1,786	)
Net cash used in operating activities		(6,177	)		(5,133	)

INVESTING ACTIVITIES
Cash dividends from subsidiaries		17,500			3,900
Net cash provided by investing activities		17,500			3,900

FINANCING ACTIVITIES
Proceeds from issuance of common stock, net		209			153
Issuance of shares from exercise of stock options		79			14
Dividends paid		(11,158	)		(11,105	)
Net cash used in financing activities		(10,870	)		(10,938	)
Increase (decrease) in cash and cash equivalents		453			(12,171	)
Cash and cash equivalents at the beginning of the period		376			12,547
Cash and cash equivalents at the end of the period	$	829		$	376