SEGMENT REPORTING

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Corporation manages its operations through two primary business segments: core banking and WMG. The core banking segment provides revenues by attracting deposits from the general public and using such funds to originate consumer, commercial and industrial, commercial real estate, and residential mortgage loans, primarily in the Corporation’s local markets, and to invest in securities. The WMG services segment provides revenues by providing trust and investment advisory services to clients.

The Corporation's reportable segments are determined by the Executive Management Team (EMT), who collectively are designated Chief Operating Decision Maker (CODM). The CODM evaluates the financial performance of each business segment, which is based upon the business segment's net income. Components of net income for the business segments that are reviewed by the CODM include net interest income, provision for credit losses, non-interest income, non-interest expense and income tax expense. The CODM, in conjunction with management committees (such as ALCO and Corporate loan committees) evaluates financial performance to make decisions related to the products and services that are offered, pricing, and the allocation of resources for each business segment.

Accounting policies for the segments are the same as those described in Note 1. Summarized financial information concerning the Corporation’s reportable segments and the reconciliation to the Corporation’s consolidated results are shown in the following table. Income taxes are allocated based on the separate taxable income of each entity and indirect overhead expenses are allocated based on reasonable and equitable allocations applicable to the reportable segment. The Holding Company and CFS columns below includes income and expenses related to insurance products, mutual funds, and brokerage services (in thousands).

Year ended December 31, 2025	Core Banking		WMG		Holding Company and CFS		Inter-Segment Eliminations		Consolidated Totals
Interest and dividend income	$	132,833	$	—	$	10	$	(8)	$	132,835
Interest expense	43,683		—		2,003		(8)		45,678
Net interest income	89,150		—		(1,993)		—		87,157
Provision for credit losses	4,437		—		—		—		4,437
Net interest income after provision for credit losses	84,713		—		(1,993)		—		82,720
Non-interest income	(5,171)		11,945		1,185		(14)		7,945
Non-interest expense:
Compensation expense	31,949		6,124		931		—		39,004
Net occupancy expense	5,560		252		14		(14)		5,812
Furniture and equipment expense	1,601		76		25		—		1,702
Data processing & software expense	8,786		1,238		24		—		10,048
Other non-interest expense	13,164		577		422		—		14,163
Total non-interest expense	61,060		8,267		1,416		(14)		70,729
Income (loss) before income tax expense	18,482		3,678		(2,224)		—		19,936
Income tax expense (benefit)	4,634		820		(622)		—		4,832
Segment net income (loss)	$	13,848	$	2,858	$	(1,602)	$	—	$	15,104
Supplemental Information:
Total assets as of December 31, 2025	$	2,677,610	$	2,933	$	298,200	$	(268,508)	$	2,710,235
Capital expenditures	$	1,392	$	295	$	—	$	—	$	1,687
Depreciation expense1	$	1,837	$	58	$	—	$	—	$	1,895

1 Included in net occupancy and furniture and equipment expense in the table above.

Year ended December 31, 2024	Core Banking		WMG		Holding Company and CFS		Inter-Segment Eliminations		Consolidated Totals
Interest and dividend income	$	127,534	$	—	$	36	$	(6)	$	127,564
Interest expense	53,511		—		—		(6)		53,505
Net interest income	74,023		—		36		—		74,059
Provision for credit losses	(46)		—		—				(46)
Net interest income after provision for credit losses	74,069		—		36		—		74,105
Non-interest income	10,633		11,573		1,030		(6)		23,230
Non-interest expense:
Compensation expense	29,131		5,672		828		—		35,631
Net occupancy expense	5,583		249		6		(6)		5,832
Furniture and equipment expense	1,542		94		23		—		1,659
Data processing & software expense	8,954		1,120		19		—		10,093
Other non-interest expense	13,080		546		409		—		14,035
Total non-interest income	58,290		7,681		1,285		(6)		67,250
Income (loss) before income tax expense	26,412		3,892		(219)		—		30,085
Income tax expense (benefit)	5,651		833		(70)		—		6,414
Segment net income (loss)	$	20,761	$	3,059	$	(149)	$	—	$	23,671
Supplemental Information:
Total assets as of December 31, 2024	$	2,746,344	$	2,882	$	215,366	$	(188,445)	$	2,776,147
Capital expenditures1	$	3,626	$	—	$	—	$	—	$	3,626
Depreciation expense2	$	1,797	$	17	$	—	$	—	$	1,814

1 Includes expenditures related to ATM fleet replacement across footprint and the addition of a new branch.

2 Included in net occupancy and furniture and equipment expense in the table above.