SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Summarized Financial Information Showing Reconciliation of Segment Net Income Loss and Assets to Consolidated Results

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.