ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2025

ACQUISITION

Schedule of Consideration Paid, Fair Value of Assets Acquired and Liabilities Assumed

			Fair Value			As Recorded
(in thousands, except shares)	As Acquired		Adjustments			at Acquisition
Consideration paid:
Bar Harbor Bankshares common stock issued to Guaranty Bancorp, Inc. stockholders (1,350,464 shares)						$	39,217
Cash paid for fractional shares							3
Total consideration paid							39,220
Recognized amounts of identifiable assets acquired and liabilities assumed, at fair value:
Cash and cash equivalents	$	77,524	$	—		$	77,524
Investments		116,728		(1,124)	(a)		115,604
Federal Home Loan Bank stock		4,370		—			4,370
Loans		446,990		(33,582)	(b)		413,408
Premises and equipment		6,522		112	(c)		6,634
Core deposit intangible		—		13,983	(d)		13,983
Bank-owned life insurance		11,816		—			11,816
Deferred taxes, net		6,377		4,988	(e)		11,365
Other assets		3,250		101			3,351
Deposits		(530,871)		(418)	(f)		(531,289)
Borrowings		(109,895)		673	(g)		(109,222)
Other liabilities		(1,053)		387			(666)
Total identifiable net assets	$	31,758	$	(14,880)		$	16,878
Goodwill						$	22,342

Explanation of Certain Fair Value Adjustments

a. Represents the write down of the book value of investments to their estimated fair value at the date of acquisition.

b. Represents the write down of the book value of loans to their estimated fair value. The acquired loan portfolio was divided into two segments: (1) purchase credit deteriorated (PCD) loans and (2) non-PCD loans. For the non-PCD portfolio the fair value was calculated using a discounted cash flow analysis. This analysis took into consideration the contractual terms of the loans and assumptions related to the credit risk, expected lifetime losses, discount rates, prepayment assumptions and other liquidity considerations to estimate projected cash flows. The fair value of PCD loans were calculated on an individual basis based on underlying collateral values and other factors. The adjustment also includes the reversal of Woodsville’s historic allowance for loan losses.

c. Represents the adjustment of the book value of buildings and equipment, to their estimated fair value based on appraisals and other methods. The adjustments will be depreciated over the estimated economic lives of the assets.

d. Represents the value of the core deposit base assumed in the acquisition. The core deposit asset was recorded as an identifiable intangible asset and will be amortized using a straight-line method over the average life of the deposit base, which is estimated to be ten years.

e. Represents net deferred tax assets resulting from the fair value adjustments related to the acquired assets and liabilities, identifiable intangibles, and other purchase accounting adjustments.

f. Represents adjustments made to time deposits due to the weighted average contractual interest rates compared to the cost of similar funding at the time of acquisition. The amount will be amortized using a straight-line method over the weighted average maturity bucket.

g. Represents the present value difference between cash flows of current debt instruments using contractual rates and those of similar borrowings on the date of acquisition.  The adjustment will be amortized over the remaining contractual life.

Schedule of Purchased Credit Deteriorated Loan

(in thousands)	As of August 1, 2025
Unpaid principal balance of acquired PCD loans	$	11,222
Non-credit related discount		(713)
Allowance for credit losses on PCD loans		(1,622)
Fair value of acquired PCD loans		8,887

Schedule of Unaudited Pro Forma Information

	Twelve Months Ended
	December 31,
(in thousands, except earnings per share)	2025		2024
Total revenue(1)	$	181,213	$	178,115
Net income		50,978		55,363

(1) Total revenue is defined as the sum of net interest income plus non-interest income.