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Loans Receivable and Allowance for Credit Losses

12 Months Ended

Dec. 31, 2025

Loans Receivable and Allowance for Credit Losses

Total net loans receivable at December 31, 2025 and 2024 are summarized as follows:


	2025		Percentage of Total		2024		Percentage of Total
Farmland	$	27,583	0.43	%	$	31,099	0.67	%
Owner-occupied, nonfarm nonresidential properties	636,444		9.80		515,208		11.18
Agricultural production and other loans to farmers	5,989		0.09		6,492		0.14
Loans to depository institutions	2,439		0.04		—		—
Commercial and Industrial	778,978		12.00		718,775		15.60
Obligations (other than securities and leases) of states and political subdivisions	171,486		2.64		140,430		3.05
Other loans	47,719		0.74		28,110		0.61
Other construction loans and all land development and other land loans	366,174		5.64		282,912		6.14
Multifamily (5 or more) residential properties	709,832		10.93		411,146		8.92
Non-owner occupied, nonfarm nonresidential properties	1,419,643		21.86		1,033,541		22.42
1-4 Family Construction	41,659		0.64		26,431		0.57
Home equity lines of credit	250,823		3.86		166,327		3.61
Residential Mortgages secured by first liens	1,763,071		27.15		1,012,746		21.97
Residential Mortgages secured by junior liens	140,790		2.17		106,462		2.31
Other revolving credit plans	48,953		0.75		41,095		0.89
Automobile	17,037		0.26		20,961		0.45
Other consumer	51,474		0.79		53,821		1.17
Credit cards	13,276		0.20		13,143		0.29
Overdrafts	370		0.01		257		0.01
Total loans	$	6,493,740	100.00	%	$	4,608,956	100.00	%
Less: Allowance for credit losses	(67,055)				(47,357)
Loans, net	$	6,426,685			$	4,561,599

Net deferred loan origination fees (costs) included in the above loan table	$	(259)			$	49

The Corporation's outstanding loans receivable and related unfunded commitments are primarily concentrated within Central, Northwest and Northeast regions of Pennsylvania, Central and Northeast Ohio, Western New York and Southwest Virginia. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management's assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation's management and reviewed and approved annually by the Corporation's Board of Directors.

Syndicated loans, net of deferred fees and costs, are included in the commercial and industrial classification and totaled $70.8 million and $79.9 million as of December 31, 2025 and 2024, respectively.

Transactions in the allowance for credit losses for the year ended December 31, 2025 were as follows:


	Beginning Allowance		Initial Allowance on ESSA PCD and PSL Acquired Loans		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	167	$	—	$	—	$	—	$	(5)	$	162
Owner-occupied, nonfarm nonresidential properties	5,696		1,288		(1,516)		55		653		6,176
Agricultural production and other loans to farmers	37		—		—		—		—		37
Loans to depository institutions	—		58		—		—		(38)		20
Commercial and Industrial	7,759		573		(1,038)		104		1,962		9,360
Obligations (other than securities and leases) of states and political subdivisions	1,369		571		—		—		(117)		1,823
Other loans	329		—		—		—		125		454
Other construction loans and all land development and other land loans	2,571		1,016		—		—		779		4,366
Multifamily (5 or more) residential properties	2,969		1,632		(1,072)		—		785		4,314
Non-owner occupied, nonfarm nonresidential properties	10,110		3,073		—		—		2,284		15,467
1-4 Family Construction	198		367		—		—		(215)		350
Home equity lines of credit	1,340		214		(70)		10		390		1,884
Residential Mortgages secured by first liens	8,958		8,748		(352)		1		(1,445)		15,910
Residential Mortgages secured by junior liens	1,343		604		(260)		—		45		1,732
Other revolving credit plans	960		—		(158)		15		405		1,222
Automobile	275		5		(52)		6		(27)		207
Other consumer	2,892		30		(2,199)		92		2,241		3,056
Credit cards	127		—		(502)		47		474		146
Overdrafts	257		65		(397)		93		351		369
Total loans	$	47,357	$	18,244	$	(7,616)	$	423	$	8,647	$	67,055

(1) Excludes provision for credit losses related to unfunded commitments. Note 19, "Off-Balance Sheet Commitments and Contingencies," in the consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

Transactions in the allowance for credit losses for the year ended December 31, 2024 were as follows:


	Beginning Allowance (1)		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable (1)(2)		Ending Allowance
Farmland	$	138	$	—	$	—	$	29	$	167
Owner-occupied, nonfarm nonresidential properties	4,131		(1,448)		55		2,958		5,696
Agricultural production and other loans to farmers	7		—		—		30		37
Commercial and Industrial	9,500		(2,425)		56		628		7,759
Obligations (other than securities and leases) of states and political subdivisions	2,627		—		—		(1,258)		1,369
Other loans	389		—		—		(60)		329
Other construction loans and all land development and other land loans	2,830		(11)		—		(248)		2,571
Multifamily (5 or more) residential properties	1,251		—		—		1,718		2,969
Non-owner occupied, nonfarm nonresidential properties	9,783		(974)		53		1,248		10,110
1-4 Family Construction	191		—		—		7		198
Home equity lines of credit	844		—		5		491		1,340
Residential Mortgages secured by first liens	8,274		(79)		—		763		8,958
Residential Mortgages secured by junior liens	1,487		—		—		(144)		1,343
Other revolving credit plans	977		(156)		30		109		960
Automobile	360		(146)		6		55		275
Other consumer	2,656		(2,094)		192		2,138		2,892
Credit cards	95		(143)		17		158		127
Overdrafts	292		(544)		94		415		257
Total loans	$	45,832	$	(8,020)	$	508	$	9,037	$	47,357

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, and Note 1, "Summary of Significant Accounting Policies," immaterial revisions were made to the beginning allowance column disclosure as of December 31, 2023, to reflect the revisions for the applicable portfolio segments.

(2) Excludes provision for credit losses related to unfunded commitments. Note 19, "Off-Balance Sheet Commitments and Contingencies," in the consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

Transactions in the allowance for credit losses for the year ended December 31, 2023 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable (1)(2)		Ending Allowance(2)
Farmland	$	159	$	—	$	—	$	(21)	$	138
Owner-occupied, nonfarm nonresidential properties	2,905		(26)		29		1,223		4,131
Agricultural production and other loans to farmers	6		—		—		1		7
Commercial and Industrial	9,766		(392)		438		(312)		9,500
Obligations (other than securities and leases) of states and political subdivisions	1,863		—		—		764		2,627
Other loans	456		—		—		(67)		389
Other construction loans and all land development and other land loans	3,253		—		—		(423)		2,830
Multifamily (5 or more) residential properties	2,353		(65)		6		(1,043)		1,251
Non-owner occupied, nonfarm nonresidential properties	7,653		(694)		10		2,814		9,783
1-4 Family Construction	327		—		—		(136)		191
Home equity lines of credit	1,173		(10)		5		(324)		844
Residential Mortgages secured by first liens	8,484		(117)		3		(96)		8,274
Residential Mortgages secured by junior liens	1,035		—		—		452		1,487
Other revolving credit plans	722		(119)		30		344		977
Automobile	271		(56)		1		144		360
Other consumer	2,665		(1,982)		134		1,839		2,656
Credit cards	67		(189)		18		199		95
Overdrafts	278		(604)		139		479		292
Total loans	$	43,436	$	(4,254)	$	813	$	5,837	$	45,832

(2) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, and Note 1, "Summary of Significant Accounting Policies," immaterial revisions were made to the provision (benefit) for credit losses on loans receivable column and ending allowance column disclosures as of December 31, 2023, to reflect the revisions for the applicable portfolio segments.

The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, delinquency status and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions.

For the year ended December 31, 2025, the increase in the allowance for credit losses was primarily driven by the Merger, including the $18.2 million in PCD and PSL allowance established on the acquisition date, as well as growth in the Corporation’s loan portfolio. Significant uncertainty continues to affect both the domestic and global economic outlook due to changes in U.S. tariffs and corresponding policy actions by trading partners, persistently elevated interest rates, fluctuating consumer confidence, and ongoing geopolitical conflicts. Management will continue to proactively reassess its estimate of expected credit losses as new information becomes available.

Provision for credit losses was $8.9 million for the year ended December 31, 2025, compared to $9.2 million and $6.0 million for the years ended December 31, 2024 and 2023, respectively. Included in the provision for credit losses for the year ended December 31, 2025 was $208 thousand related to the allowance for unfunded commitments compared to $185 thousand and $156 thousand provision towards the allowance for unfunded commitments for the years ended December 31, 2024 and 2023, respectively.

The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of December 31, 2025 and 2024, respectively:


	December 31, 2025
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Past Due over 89 Days Still Accruing
Farmland	$	554	$	554	$	—
Owner-occupied, nonfarm nonresidential properties	5,849		5,153		—

Commercial and Industrial	8,856		8,335		—


Other construction loans and all land development and other land loans	4,011		378		—
Multifamily (5 or more) residential properties	799		155		—
Non-owner occupied, nonfarm nonresidential properties	2,883		470		—

Home equity lines of credit	2,004		2,004		—
Residential Mortgages secured by first liens	12,971		12,685		—
Residential Mortgages secured by junior liens	1,088		587		—
Other revolving credit plans	41		41		—
Automobile	55		55		—
Other consumer	734		734		—
Credit cards	—		—		42

Total loans	$	39,845	$	31,151	$	42


	December 31, 2024
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Past Due over 89 Days Still Accruing
Farmland	$	522	$	522	$	—
Owner-occupied, nonfarm nonresidential properties	5,896		1,392		—

Commercial and Industrial	10,682		10,111		—


Other construction loans and all land development and other land loans	1,482		36		—
Multifamily (5 or more) residential properties	20,658		266		491
Non-owner occupied, nonfarm nonresidential properties	5,913		5,913		—

Home equity lines of credit	837		837		—
Residential Mortgages secured by first liens	9,093		8,311		—
Residential Mortgages secured by junior liens	271		271		—
Other revolving credit plans	154		154		—
Automobile	66		66		—
Other consumer	749		749		—
Credit cards	—		—		162

Total loans	$	56,323	$	28,628	$	653

All payments received while on nonaccrual status are applied against the principal balance of the loan. The Corporation does not recognize interest income while loans are on nonaccrual status.

The following tables present the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of December 31, 2025 and 2024, respectively:


	December 31, 2025
	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	312	$	—
Owner-occupied, nonfarm nonresidential properties	2,542		—

Commercial and Industrial	373		3,045


Other construction loans and all land development and other land loans	3,633		—
Multifamily (5 or more) residential properties	799		—
Non-owner occupied, nonfarm nonresidential properties	2,413		—

Home equity lines of credit	1,011		—
Residential Mortgages secured by first liens	2,487		—
Residential Mortgages secured by junior liens	501		—





Total loans	$	14,071	$	3,045


	December 31, 2024
	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	352	$	—
Owner-occupied, nonfarm nonresidential properties	4,503		—

Commercial and Industrial	258		2,553


Other construction loans and all land development and other land loans	1,446		—
Multifamily (5 or more) residential properties	20,658		—
Non-owner occupied, nonfarm nonresidential properties	5,224		—


Home equity lines of credit	290		—
Residential Mortgages secured by first liens	1,411		—






Total loans	$	34,142	$	2,553

The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2025 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Farmland	$	—	$	—	$	241	$	241	$	27,342	$	27,583
Owner-occupied, nonfarm nonresidential properties	3,962		4,316		2,454		10,732		625,712		636,444
Agricultural production and other loans to farmers	—		—		—		—		5,989		5,989
Loans to depository institutions	—		—		—		—		2,439		2,439
Commercial and Industrial	975		1,376		6,715		9,066		769,912		778,978
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		171,486		171,486
Other loans	—		—		—		—		47,719		47,719
Other construction loans and all land development and other land loans	2,660		62		1,565		4,287		361,887		366,174
Multifamily (5 or more) residential properties	—		—		645		645		709,187		709,832
Non-owner occupied, nonfarm nonresidential properties	3,171		—		—		3,171		1,416,472		1,419,643
1-4 Family Construction	—		—		—		—		41,659		41,659
Home equity lines of credit	1,115		373		801		2,289		248,534		250,823
Residential Mortgages secured by first liens	13,304		8,450		7,935		29,689		1,733,382		1,763,071
Residential Mortgages secured by junior liens	281		538		198		1,017		139,773		140,790
Other revolving credit plans	78		34		21		133		48,820		48,953
Automobile	217		19		23		259		16,778		17,037
Other consumer	426		319		329		1,074		50,400		51,474
Credit cards	139		67		42		248		13,028		13,276
Overdrafts	—		—		—		—		370		370
Total loans	$	26,328	$	15,554	$	20,969	$	62,851	$	6,430,889	$	6,493,740

The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2024 by class of loans.


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Farmland	$	—	$	—	$	—	$	—	$	31,099	$	31,099
Owner-occupied, nonfarm nonresidential properties	77		1,479		5,030		6,586		508,622		515,208
Agricultural production and other loans to farmers	—		—		—		—		6,492		6,492
Commercial and Industrial	704		185		6,632		7,521		711,254		718,775
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		140,430		140,430
Other loans	—		—		—		—		28,110		28,110
Other construction loans and all land development and other land loans	—		—		1,482		1,482		281,430		282,912
Multifamily (5 or more) residential properties	—		20,392		757		21,149		389,997		411,146
Non-owner occupied, nonfarm nonresidential properties	—		—		—		—		1,033,541		1,033,541
1-4 Family Construction	216		—		—		216		26,215		26,431
Home equity lines of credit	1,006		387		323		1,716		164,611		166,327
Residential Mortgages secured by first liens	2,908		1,910		5,795		10,613		1,002,133		1,012,746
Residential Mortgages secured by junior liens	224		35		64		323		106,139		106,462
Other revolving credit plans	351		4		100		455		40,640		41,095
Automobile	135		3		—		138		20,823		20,961
Other consumer	601		271		358		1,230		52,591		53,821
Credit cards	97		115		162		374		12,769		13,143
Overdrafts	—		—		—		—		257		257
Total loans	$	6,319	$	24,781	$	20,703	$	51,803	$	4,557,153	$	4,608,956

Loan Modifications

Occasionally, the Corporation modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses.

In some cases, the Corporation provides multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For the loans included in the "combination" columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate reduction.

The following table presents the amortized cost basis of loans at December 31, 2025 that were both experiencing financial difficulty and modified during the year ended December 31, 2025, by class and by type of modification that remained in effect as of December 31, 2025. 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:


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension		Total Class of Financing Receivable

Owner-occupied, nonfarm nonresidential properties	$	—	$	2,173	$	—	$	—	$	—	0.34	%


Commercial and Industrial	—		165		139		—		—		0.04


Other construction loans and all land development and other land loans	—		—		—		—		2,261		0.60
Multifamily (5 or more) residential properties	—		—		155		—		—		—
Non-owner occupied, nonfarm nonresidential properties	—		2,412		—		—		—		0.17









Total	$	—	$	4,750	$	294	$	—	$	2,261	0.11	%

The following table presents the amortized cost basis of loans at December 31, 2024 that were both experiencing financial difficulty and modified during the year ended December 31, 2024, by class and by type of modification that remained in effect as of December 31, 2024. 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:


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension		Total Class of Financing Receivable
Farmland	$	—	$	1,040	$	—	$	—	$	—	3.34	%
Owner-occupied, nonfarm nonresidential properties	—		696		—		—		—		0.14

Commercial and Industrial	—		—		410		—		—		0.06




Non-owner occupied, nonfarm nonresidential properties	—		5,225		—		—		—		0.51









Total	$	—	$	6,961	$	410	$	—	$	—	0.16	%

The Corporation has $60 thousand in unfunded available credit to customers whose loan receivables are included in the previous tables.

The Corporation 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 year ended December 31, 2025:


	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due

Owner-occupied, nonfarm nonresidential properties	$	2,173	$	—	$	—	$	—	$	—

Commercial and Industrial	6,946		—		—		—		—


Other construction loans and all land development and other land loans	12,376		—		—		—		—
Multifamily (5 or more) residential properties	155		—		—		—		—
Non-owner occupied, nonfarm nonresidential properties	4,500		—		—		—		—









Total	$	26,150	$	—	$	—	$	—	$	—

The following table presents the performance of such loans that have been modified during the year ended December 31, 2024:


	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due
Farmland	$	1,040	$	—	$	—	$	—	$	—
Owner-occupied, nonfarm nonresidential properties	696		—		—		—		—

Commercial and Industrial	410		—		—		—		—




Non-owner occupied, nonfarm nonresidential properties	5,225		—		—		—		—









Total	$	7,371	$	—	$	—	$	—	$	—

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the year ended December 31, 2025:


	Principal Forgiveness		Weighted Average Term Extension (in years)	Weighted Average Interest Rate Reduction



Commercial and Industrial	$	—	0.50	—	%


Other construction loans and all land development and other land loans	—		0.83	—
Multifamily (5 or more) residential properties	—		0.50	—










Total	$	—	0.79	—	%

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the year ended December 31, 2024:


	Principal Forgiveness		Weighted Average Term Extension (in years)	Weighted Average Interest Rate Reduction



Commercial and Industrial	$	—	1.00	—	%














Total	$	—	1.00	—	%

There were no loans that had a payment default during the year ended December 31, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.

Loan Sales

The following table presents loans sold during the year by portfolio segment:


	December 31, 2025		December 31, 2024
Multifamily (5 or more) residential properties	$	28,032	$	—
Non-owner occupied, nonfarm nonresidential properties	16,309		—
Total loans sold	$	44,341	$	—

Credit Quality Indicators

The Corporation categorizes loans receivable 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 Corporation analyzes loans individually to classify the loans as to credit risk.

The Corporation uses the following definitions for risk ratings:

Special Mention: A loan classified as special mention has 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 Corporation’s credit position at some future date.

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

Doubtful: A loan classified as doubtful has 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.

The following tables represent the Corporation's commercial credit risk profile by risk rating. Loans receivable not rated as special mention, substandard, or doubtful are considered to be pass rated loans.


	December 31, 2025
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	22,370	$	—	$	5,213	$	—	$	5,213	$	27,583
Owner-occupied, nonfarm nonresidential properties	607,698		2,708		26,038		—		28,746		636,444
Agricultural production and other loans to farmers	5,989		—		—		—		—		5,989
Loans to depository institutions	2,439		—		—		—		—		2,439
Commercial and Industrial	714,190		5,960		58,828		—		64,788		778,978
Obligations (other than securities and leases) of states and political subdivisions	171,486		—		—		—		—		171,486
Other loans	46,569		1,150		—		—		1,150		47,719
Other construction loans and all land development and other land loans	362,193		—		3,981		—		3,981		366,174
Multifamily (5 or more) residential properties	699,736		3,432		6,664		—		10,096		709,832
Non-owner occupied, nonfarm nonresidential properties	1,390,810		10,788		18,045		—		28,833		1,419,643









Total loans	$	4,023,480	$	24,038	$	118,769	$	—	$	142,807	$	4,166,287


	December 31, 2024
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	25,171	$	5,267	$	661	$	—	$	5,928	$	31,099
Owner-occupied, nonfarm nonresidential properties	491,798		1,289		22,121		—		23,410		515,208
Agricultural production and other loans to farmers	6,492		—		—		—		—		6,492
Commercial and Industrial	654,139		4,321		60,315		—		64,636		718,775
Obligations (other than securities and leases) of states and political subdivisions	140,430		—		—		—		—		140,430
Other loans	28,110		—		—		—		—		28,110
Other construction loans and all land development and other land loans	281,466		—		1,446		—		1,446		282,912
Multifamily (5 or more) residential properties	385,946		—		25,200		—		25,200		411,146
Non-owner occupied, nonfarm nonresidential properties	1,008,507		4,947		20,087		—		25,034		1,033,541









Total loans	$	3,022,059	$	15,824	$	129,830	$	—	$	145,654	$	3,167,713

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2025. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	3,753	$	123	$	852	$	4,898	$	5,664	$	6,500	$	580	$	—	$	22,370
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		163		—		4,618		—		432		—		—		5,213

Total	$	3,753	$	286	$	852	$	9,516	$	5,664	$	6,932	$	580	$	—	$	27,583
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	73,282	$	73,484	$	77,896	$	118,194	$	113,910	$	139,469	$	11,463	$	—	$	607,698
Special mention	50		—		226		236		337		1,749		110		—		2,708
Substandard	102		14,681		2,239		3,097		933		4,179		807		—		26,038

Total	$	73,434	$	88,165	$	80,361	$	121,527	$	115,180	$	145,397	$	12,380	$	—	$	636,444
Current period gross write offs	$	—	$	—	$	—	$	1,516	$	—	$	—	$	—	$	—	$	1,516

Agricultural production and other loans to farmers
Risk rating
Pass	$	98	$	4,816	$	410	$	5	$	12	$	24	$	624	$	—	$	5,989
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	98	$	4,816	$	410	$	5	$	12	$	24	$	624	$	—	$	5,989
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Loans to depository institutions
Risk rating
Pass	$	—	$	2,439	$	—	$	—	$	—	$	—	$	—	$	—	$	2,439
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total	$	—	$	2,439	$	—	$	—	$	—	$	—	$	—	$	—	$	2,439
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	133,217	$	109,670	$	38,959	$	81,882	$	44,264	$	31,010	$	275,188	$	—	$	714,190
Special mention	20		423		60		—		1,339		26		4,092		—		5,960
Substandard	2,250		274		3,947		12,928		407		925		38,097		—		58,828

Total	$	135,487	$	110,367	$	42,966	$	94,810	$	46,010	$	31,961	$	317,377	$	—	$	778,978
Current period gross write offs	$	22	$	49	$	98	$	9	$	26	$	147	$	656	$	31	$	1,038

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	933	$	6,563	$	30,181	$	18,655	$	39,626	$	71,173	$	4,355	$	—	$	171,486
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	933	$	6,563	$	30,181	$	18,655	$	39,626	$	71,173	$	4,355	$	—	$	171,486
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other loans
Risk rating
Pass	$	23,315	$	860	$	2,903	$	11,888	$	4,537	$	1,362	$	1,704	$	—	$	46,569
Special mention	—		—		—		—		—		—		1,150		—		1,150
Substandard	—		—		—		—		—		—		—		—		—
Total	$	23,315	$	860	$	2,903	$	11,888	$	4,537	$	1,362	$	2,854	$	—	$	47,719
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other construction loans and all land development and other land loans
Risk rating
Pass	$	126,890	$	108,759	$	71,368	$	36,239	$	7,249	$	2,635	$	9,053	$	—	$	362,193
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		2,462		—		147		—		1,372		—		—		3,981

Total	$	126,890	$	111,221	$	71,368	$	36,386	$	7,249	$	4,007	$	9,053	$	—	$	366,174
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	129,491	$	60,801	$	91,724	$	278,967	$	79,805	$	56,441	$	2,507	$	—	$	699,736
Special mention	—		—		—		—		3,432		—		—		—		3,432
Substandard	5,721		—		299		—		644		—		—		—		6,664

Total	$	135,212	$	60,801	$	92,023	$	278,967	$	83,881	$	56,441	$	2,507	$	—	$	709,832
Current period gross write offs	$	—	$	—	$	—	$	1,072	$	—	$	—	$	—	$	—	$	1,072

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	175,561	$	163,033	$	246,911	$	388,071	$	230,700	$	179,764	$	6,770	$	—	$	1,390,810
Special mention	10,115		—		56		206		—		—		411		—		10,788
Substandard	—		13,340		744		471		—		3,490		—		—		18,045

Total	$	185,676	$	176,373	$	247,711	$	388,748	$	230,700	$	183,254	$	7,181	$	—	$	1,419,643
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2024. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	265	$	3,165	$	6,756	$	6,477	$	1,436	$	6,662	$	410	$	—	$	25,171
Special mention	—		—		5,267		—		—		—		—		—		5,267
Substandard	170		—		—		—		—		491		—		—		661

Total	$	435	$	3,165	$	12,023	$	6,477	$	1,436	$	7,153	$	410	$	—	$	31,099
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	74,692	$	62,609	$	114,980	$	98,469	$	39,931	$	90,249	$	10,868	$	—	$	491,798
Special mention	—		—		—		254		—		527		508		—		1,289
Substandard	14,181		1,114		4,370		696		—		1,507		253		—		22,121

Total	$	88,873	$	63,723	$	119,350	$	99,419	$	39,931	$	92,283	$	11,629	$	—	$	515,208
Current period gross write offs	$	—	$	—	$	750	$	—	$	—	$	698	$	—	$	—	$	1,448

Agricultural production and other loans to farmers
Risk rating
Pass	$	5,072	$	473	$	18	$	26	$	40	$	148	$	715	$	—	$	6,492
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	5,072	$	473	$	18	$	26	$	40	$	148	$	715	$	—	$	6,492
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	148,569	$	44,080	$	104,613	$	63,646	$	24,511	$	18,771	$	249,949	$	—	$	654,139
Special mention	7		55		139		424		61		32		3,603		—		4,321
Substandard	845		5,145		10,988		1,461		49		1,935		39,892		—		60,315

Total	$	149,421	$	49,280	$	115,740	$	65,531	$	24,621	$	20,738	$	293,444	$	—	$	718,775
Current period gross write offs	$	—	$	301	$	116	$	537	$	1	$	43	$	1,428	$	—	$	2,426

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	7,999	$	24,754	$	15,756	$	30,419	$	11,411	$	45,882	$	4,209	$	—	$	140,430
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	7,999	$	24,754	$	15,756	$	30,419	$	11,411	$	45,882	$	4,209	$	—	$	140,430
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	2,134	$	3,382	$	12,291	$	4,602	$	1,341	$	274	$	4,086	$	—	$	28,110
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	2,134	$	3,382	$	12,291	$	4,602	$	1,341	$	274	$	4,086	$	—	$	28,110
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	112,919	$	58,596	$	99,268	$	3,141	$	749	$	1,875	$	4,918	$	—	$	281,466
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,446		—		—		1,446

Total	$	112,919	$	58,596	$	99,268	$	3,141	$	749	$	3,321	$	4,918	$	—	$	282,912
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	11	$	11

Multifamily (5 or more) residential properties
Risk rating
Pass	$	46,905	$	49,880	$	173,994	$	67,500	$	20,706	$	25,037	$	1,924	$	—	$	385,946
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		2,107		20,392		—		2,701		—		—		—		25,200

Total	$	46,905	$	51,987	$	194,386	$	67,500	$	23,407	$	25,037	$	1,924	$	—	$	411,146
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	141,083	$	190,123	$	320,047	$	183,621	$	38,309	$	127,515	$	7,809	$	—	$	1,008,507
Special mention	1,962		—		212		2,003		—		349		421		—		4,947
Substandard	11,469		762		689		—		5,225		1,942		—		—		20,087

Total	$	154,514	$	190,885	$	320,948	$	185,624	$	43,534	$	129,806	$	8,230	$	—	$	1,033,541
Current period gross write offs	$	—	$	—	$	33	$	296	$	—	$	625	$	20	$	—	$	974

The Corporation considers the performance of the loan portfolio and its impact on the allowance for credit losses. For 1-4 family construction, home equity lines of credit, residential mortgages secured by first liens, residential mortgages secured by junior liens, automobile, credit cards, other revolving credit plans and other consumer segments, the Corporation evaluates credit quality based on the performance status of the loan, which was previously presented, and by payment activity. Nonperforming loans include loans receivable on nonaccrual status and loans receivable past due over 89 days and still accruing interest.


	December 31, 2025						December 31, 2024
	Performing		Nonperforming		Total		Performing		Nonperforming		Total
1-4 Family Construction	$	41,659	$	—	$	41,659	$	26,431	$	—	$	26,431
Home equity lines of credit	248,819		2,004		250,823		165,490		837		166,327
Residential Mortgages secured by first liens	1,750,100		12,971		1,763,071		1,003,653		9,093		1,012,746
Residential Mortgages secured by junior liens	139,702		1,088		140,790		106,191		271		106,462
Other revolving credit plans	48,912		41		48,953		40,941		154		41,095
Automobile	16,982		55		17,037		20,895		66		20,961
Other consumer	50,740		734		51,474		53,072		749		53,821
Total loans	$	2,296,914	$	16,893	$	2,313,807	$	1,416,673	$	11,170	$	1,427,843

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2025. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	18,062	$	20,514	$	3,043	$	—	$	—	$	40	$	—	$	—	$	41,659
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	18,062	$	20,514	$	3,043	$	—	$	—	$	40	$	—	$	—	$	41,659
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	73,131	$	48,440	$	27,018	$	31,431	$	10,894	$	41,169	$	10,387	$	6,349	$	248,819
Nonperforming	—		—		47		—		—		57		—		1,900		2,004
Total	$	73,131	$	48,440	$	27,065	$	31,431	$	10,894	$	41,226	$	10,387	$	8,249	$	250,823
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	70	$	—	$	—	$	70

Residential mortgages secured by first lien
Payment performance
Performing	$	175,742	$	183,335	$	192,874	$	350,908	$	277,658	$	567,167	$	2,416	$	—	$	1,750,100
Nonperforming	31		616		3,147		2,318		1,477		5,382		—		—		12,971
Total	$	175,773	$	183,951	$	196,021	$	353,226	$	279,135	$	572,549	$	2,416	$	—	$	1,763,071
Current period gross write offs	$	—	$	—	$	—	$	300	$	32	$	20	$	—	$	—	$	352

Residential mortgages secured by junior liens
Payment performance
Performing	$	27,734	$	31,840	$	25,138	$	26,987	$	11,589	$	15,252	$	1,162	$	—	$	139,702
Nonperforming	501		44		133		31		111		210		58		—		1,088
Total	$	28,235	$	31,884	$	25,271	$	27,018	$	11,700	$	15,462	$	1,220	$	—	$	140,790
Current period gross write offs	$	260	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	260

Other revolving credit plans
Payment performance
Performing	$	9,962	$	4,754	$	4,194	$	6,642	$	2,736	$	20,470	$	154	$	—	$	48,912
Nonperforming	—		4		2		4		5		26		—		—		41
Total	$	9,962	$	4,758	$	4,196	$	6,646	$	2,741	$	20,496	$	154	$	—	$	48,953
Current period gross write offs	$	—	$	38	$	4	$	3	$	7	$	106	$	—	$	—	$	158

Automobile
Payment performance
Performing	$	5,071	$	3,973	$	4,780	$	2,028	$	342	$	788	$	—	$	—	$	16,982
Nonperforming	—		26		11		17		—		1		—		—		55
Total	$	5,071	$	3,999	$	4,791	$	2,045	$	342	$	789	$	—	$	—	$	17,037
Current period gross write offs	$	18	$	11	$	23	$	—	$	—	$	—	$	—	$	—	$	52

Other consumer
Payment performance
Performing	$	21,250	$	15,173	$	6,872	$	2,617	$	1,166	$	3,662	$	—	$	—	$	50,740
Nonperforming	147		282		163		60		51		31		—		—		734
Total	$	21,397	$	15,455	$	7,035	$	2,677	$	1,217	$	3,693	$	—	$	—	$	51,474
Current period gross write offs	$	141	$	1,068	$	715	$	188	$	72	$	15	$	—	$	—	$	2,199

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2024. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	21,411	$	3,717	$	1,254	$	—	$	—	$	49	$	—	$	—	$	26,431
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	21,411	$	3,717	$	1,254	$	—	$	—	$	49	$	—	$	—	$	26,431
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	44,573	$	28,211	$	30,557	$	9,440	$	8,106	$	30,649	$	7,993	$	5,961	$	165,490
Nonperforming	—		50		—		—		—		—		—		787		837
Total	$	44,573	$	28,261	$	30,557	$	9,440	$	8,106	$	30,649	$	7,993	$	6,748	$	166,327
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential mortgages secured by first lien
Payment performance
Performing	$	106,278	$	135,898	$	224,633	$	177,756	$	128,924	$	226,926	$	3,238	$	—	$	1,003,653
Nonperforming	363		2,494		1,657		1,305		839		2,435		—		—		9,093
Total	$	106,641	$	138,392	$	226,290	$	179,061	$	129,763	$	229,361	$	3,238	$	—	$	1,012,746
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	79	$	—	$	—	$	79

Residential mortgages secured by junior liens
Payment performance
Performing	$	32,777	$	22,256	$	22,931	$	11,769	$	5,695	$	9,465	$	1,298	$	—	$	106,191
Nonperforming	19		40		34		123		—		16		39		—		271
Total	$	32,796	$	22,296	$	22,965	$	11,892	$	5,695	$	9,481	$	1,337	$	—	$	106,462
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	10,454	$	5,556	$	6,898	$	2,163	$	5,366	$	10,504	$	—	$	—	$	40,941
Nonperforming	—		—		27		6		—		121		—		—		154
Total	$	10,454	$	5,556	$	6,925	$	2,169	$	5,366	$	10,625	$	—	$	—	$	41,095
Current period gross write offs	$	—	$	9	$	—	$	41	$	25	$	81	$	—	$	—	$	156

Automobile
Payment performance
Performing	$	5,794	$	8,504	$	3,975	$	1,149	$	664	$	809	$	—	$	—	$	20,895
Nonperforming	—		15		47		—		4		—		—		—		66
Total	$	5,794	$	8,519	$	4,022	$	1,149	$	668	$	809	$	—	$	—	$	20,961
Current period gross write offs	$	22	$	93	$	7	$	14	$	6	$	4	$	—	$	—	$	146

Other consumer
Payment performance
Performing	$	27,727	$	13,090	$	5,344	$	2,432	$	2,162	$	2,317	$	—	$	—	$	53,072
Nonperforming	219		368		82		67		8		5		—		—		749
Total	$	27,946	$	13,458	$	5,426	$	2,499	$	2,170	$	2,322	$	—	$	—	$	53,821
Current period gross write offs	$	133	$	1,141	$	630	$	154	$	24	$	12	$	—	$	—	$	2,094


	December 31, 2025		December 31, 2024

Credit card
Payment performance
Performing	$	13,234	$	12,981
Nonperforming	42		162
Total	$	13,276	$	13,143
Current period gross write offs	$	502	$	143

Holiday’s loan portfolio, included in other consumer loans above, is summarized as follows at December 31, 2025 and 2024:


	December 31, 2025		December 31, 2024
Gross consumer loans	$	12,746	$	27,261

Less: unearned discounts	(1,489)		(4,772)
Total consumer loans, net of unearned discounts	$	11,257	$	22,489