EXHIBIT 99.2 – Supplemental, Unaudited Financial Information

CONDENSED, CONSOLIDATED EARNINGS INFORMATION

(Dollars In Thousands, Except Per Share Data)

(Unaudited)



	2ND		2ND
	QUARTER		QUARTER
	2025		2024		$ Incr. (Decr.)		% Incr. (Decr.)
Interest and Dividend Income	$	32,454	$	31,326	$	1,128	3.60	%
Interest Expense		11,312		11,881		(569)	(4.79)	%
Net Interest Income		21,142		19,445		1,697	8.73	%
Provision for Credit Losses		2,354		565		1,789	316.64	%
Net Interest Income After Provision for Credit Losses		18,788		18,880		(92)	(0.49)	%
Noninterest Income		8,142		7,854		288	3.67	%
Noninterest Expense		19,398		19,255		143	0.74	%
Income Before Income Tax Provision		7,532		7,479		53	0.71	%
Income Tax Provision		1,415		1,366		49	3.59	%
Net Income	$	6,117	$	6,113	$	4	0.07	%
Net Income Attributable to Common Shares (1)	$	6,068	$	6,066	$	2	0.03	%
PER COMMON SHARE DATA:
Net Income - Basic and Diluted	$	0.40	$	0.40	$	0.00	0.00	%
Dividends Per Share	$	0.28	$	0.28	$	0.00	0.00	%
Number of Shares Used in Computation - Basic and Diluted		15,359,004		15,264,533


	SIX MONTHS ENDED
	JUNE 30,
	2025		2024		$ Incr. (Decr.)		% Incr. (Decr.)
Interest and Dividend Income	$	64,163	$	61,662	$	2,501	4.06	%
Interest Expense		23,046		23,176		(130)	(0.56)	%
Net Interest Income		41,117		38,486		2,631	6.84	%
Provision for Credit Losses		2,590		1,519		1,071	70.51	%
Net Interest Income After Provision for Credit Losses		38,527		36,967		1,560	4.22	%
Noninterest Income		15,150		14,529		621	4.27	%
Noninterest Expense		38,441		37,559		882	2.35	%
Income Before Income Tax Provision		15,236		13,937		1,299	9.32	%
Income Tax Provision		2,826		2,518		308	12.23	%
Net Income	$	12,410	$	11,419	$	991	8.68	%
Net Income Attributable to Common Shares (1)	$	12,310	$	11,333	$	977	8.62	%
PER COMMON SHARE DATA:
Net Income - Basic and Diluted	$	0.80	$	0.74	$	0.06	8.11	%
Dividends Per Share	$	0.56	$	0.56	$	0.00	0.00	%
Number of Shares Used in Computation - Basic and Diluted		15,348,824		15,247,557

(1)

Basic and diluted net income per common share are determined based on net income less earnings allocated to nonvested restricted shares with nonforfeitable dividends.

CONDENSED, CONSOLIDATED BALANCE SHEET DATA

(Dollars In Thousands)

(Unaudited)


	June 30,		June 30,
	2025		2024		$ Incr. (Decr.)		% Incr. (Decr.)
ASSETS
Cash & Due from Banks	$	99,619	$	100,412	$	(793)	(0.79)	%
Available-for-sale Debt Securities		406,052		401,145		4,907	1.22	%
Loans, Net		1,897,559		1,872,825		24,734	1.32	%
Bank-Owned Life Insurance		52,138		50,301		1,837	3.65	%
Bank Premises and Equipment, Net		21,195		21,966		(771)	(3.51)	%
Deferred Tax Asset, Net		17,346		18,375		(1,029)	(5.60)	%
Intangible Assets		54,373		54,779		(406)	(0.74)	%
Other Assets		62,593		73,319		(10,726)	(14.63)	%
TOTAL ASSETS	$	2,610,875	$	2,593,122	$	17,753	0.68	%

LIABILITIES
Deposits	$	2,109,776	$	2,059,309	$	50,467	2.45	%
Borrowed Funds - Federal Home Loan Bank and Repurchase Agreements		144,427		202,523		(58,096)	(28.69)	%
Senior Notes, Net		14,934		14,865		69	0.46	%
Subordinated Debt, Net		24,889		24,773		116	0.47	%
Other Liabilities		30,492		28,431		2,061	7.25	%
TOTAL LIABILITIES		2,324,518		2,329,901		(5,383)	(0.23)	%

STOCKHOLDERS' EQUITY
Common Stockholders' Equity, Excluding Accumulated
Other Comprehensive Loss		317,031		304,582		12,449	4.09	%
Accumulated Other Comprehensive Loss:
Net Unrealized Losses on Available-for-sale Debt Securities		(31,017)		(41,710)		10,693	(25.64)	%
Defined Benefit Plans		343		349		(6)	(1.72)	%
TOTAL STOCKHOLDERS' EQUITY		286,357		263,221		23,136	8.79	%
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$	2,610,875	$	2,593,122	$	17,753	0.68	%

CONDENSED, CONSOLIDATED FINANCIAL HIGHLIGHTS

(Dollars In Thousands, Except Per Share Data)

(Unaudited)


	FOR THE
	THREE MONTHS ENDED						%
	June 30,						INCREASE
	2025			2024			(DECREASE)
EARNINGS PERFORMANCE
Net Income	$	6,117		$	6,113		0.07	%
Return on Average Assets (Annualized)		0.94	%		0.96	%	(2.08)	%
Return on Average Equity (Annualized)		8.66	%		9.46	%	(8.46)	%

PRE-TAX, PRE-PROVISION NET REVENUE ("PPNR") - NON-GAAP (a)
PPNR	$	10,273		$	8,246		24.58	%
PPNR (Annualized) as a % of Average Assets		1.59	%		1.29	%	23.26	%
PPNR (Annualized) as a % of Average Equity		14.54	%		12.76	%	13.95	%

	AS OF OR FOR THE
	SIX MONTHS ENDED						%
	June 30,						INCREASE
	2025			2024			(DECREASE)
EARNINGS PERFORMANCE - U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ("GAAP")
Net Income	$	12,410		$	11,419		8.68	%
Return on Average Assets (Annualized)		0.96	%		0.90	%	6.67	%
Return on Average Equity (Annualized)		8.85	%		8.79	%	0.68	%

PPNR - NON-GAAP (a)
PPNR	$	18,424		$	15,853		16.22	%
PPNR (Annualized) as a % of Average Assets		1.43	%		1.25	%	14.40	%
PPNR (Annualized) as a % of Average Equity		13.14	%		12.20	%	7.70	%

BALANCE SHEET HIGHLIGHTS
Total Assets	$	2,610,875		$	2,593,122		0.68	%
Available-for-Sale Debt Securities		406,052			401,145		1.22	%
Loans, Net		1,897,559			1,872,825		1.32	%
Allowance for Credit Losses:
Allowance for Credit Losses on Loans		21,699			20,382		6.46	%
Allowance for Credit Losses on Off-Balance Sheet Exposures		742			682		8.80	%
Deposits		2,109,776			2,059,309		2.45	%

OFF-BALANCE SHEET
Outstanding Balance of Mortgage Loans Sold with Servicing Retained	$	329,716		$	321,136		2.67	%
Trust Assets Under Management		1,380,547			1,284,674		7.46	%

STOCKHOLDERS' VALUE (PER COMMON SHARE)
Net Income - Basic and Diluted	$	0.80		$	0.74		8.11	%
Dividends	$	0.56		$	0.56		0.00	%
Common Book Value	$	18.46		$	17.12		7.83	%
Tangible Common Book Value - NON-GAAP (b)	$	14.95		$	13.56		10.25	%
Market Value (Last Trade)	$	18.94		$	17.89		5.87	%
Market Value / Common Book Value		102.60	%		104.50	%	(1.82)	%
Market Value / Tangible Common Book Value - NON-GAAP (b)		126.69	%		131.93	%	(3.97)	%
Price Earnings Multiple		11.84			12.09		(2.07)	%
Dividend Yield (Annualized)		5.91	%		6.26	%	(5.59)	%
Common Shares Outstanding, End of Period		15,514,943			15,375,982		0.90	%

CONDENSED, CONSOLIDATED FINANCIAL HIGHLIGHTS (Continued)

(Dollars In Thousands, Except Per Share Data)

(Unaudited)


	AS OF OR FOR THE
	SIX MONTHS ENDED						%
	June 30,						INCREASE
	2025			2024			(DECREASE)
SAFETY AND SOUNDNESS
Tangible Common Equity / Tangible Assets (b)		9.07	%		8.21	%	10.48	%
Nonperforming Assets / Total Assets		0.98	%		0.76	%	28.95	%
Allowance for Credit Losses / Total Loans		1.13	%		1.08	%	4.63	%
Total Risk Based Capital Ratio (c)		15.98	%		15.50	%	3.10	%
Tier 1 Risk Based Capital Ratio (c)		13.54	%		13.10	%	3.36	%
Common Equity Tier 1 Risk Based Capital Ratio (c)		13.54	%		13.10	%	3.36	%
Leverage Ratio (c)		10.22	%		9.85	%	3.76	%

AVERAGE BALANCES
Average Assets	$	2,583,701		$	2,533,204		1.99	%
Average Equity	$	280,421		$	259,783		7.94	%

EFFICIENCY RATIO - NON-GAAP (d)
Net Interest Income on a Fully Taxable-Equivalent Basis (d)	$	41,548		$	38,883		6.85	%
Noninterest Income		15,150			14,529		4.27	%
Total (1)	$	56,698		$	53,412		6.15	%
Noninterest Expense, Excluding Merger-Related Expenses (2)	$	38,274		$	37,559		1.90	%
Efficiency Ratio = (2)/(1)		67.51	%		70.32	%	(4.00)	%

(a)

PPNR includes net interest income plus noninterest income minus total noninterest expense but excludes provision (credit) for credit losses, realized gains or losses on securities, the income tax provision and merger-related expenses and other nonrecurring items included in earnings. Management believes disclosure of PPNR provides useful information for evaluating C&N’s financial performance without the impact of realized gains or losses on securities or unusual items or events that may obscure trends in C&N’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. A reconciliation of this non-GAAP measure to the comparable GAAP measure is provided below under the table “PPNR- NON- GAAP RECONCILIATION.”

(b)

Tangible common book value per share, tangible common equity as a percentage of tangible assets and market value as a percentage of tangible common book value are non-GAAP ratios. Management believes this non-GAAP information is helpful in evaluating the strength of the C&N's capital and in providing an alternative, conservative valuation of C&N's net worth. The ratios shown above are based on the following calculations of tangible assets and tangible common equity:


Total Assets	$	2,610,875	$	2,593,122
Less: Intangible Assets, Primarily Goodwill		(54,373)		(54,779)
Tangible Assets	$	2,556,502	$	2,538,343
Total Stockholders' Equity	$	286,357	$	263,221
Less: Intangible Assets, Primarily Goodwill		(54,373)		(54,779)
Tangible Common Equity (3)	$	231,984	$	208,442

Common Shares Outstanding, End of Period (4)		15,514,943		15,375,982
Tangible Common Book Value per Share = (3)/(4)	$	14.95	$	13.56

(c)Capital ratios for the most recent period are estimated.

(d)The efficiency ratio is a non-GAAP ratio that is calculated as shown above. For purposes of calculating the efficiency ratio, net interest income on a fully taxable-equivalent basis includes amounts of interest income on tax-exempt securities and loans that have been increased to a fully taxable-equivalent basis, using C&N's marginal federal income tax rate of 21%. A reconciliation of net interest income under U.S. GAAP as compared to net interest income as adjusted to a fully taxable-equivalent basis is provided below under the table “COMPARISON OF INTEREST INCOME AND EXPENSE.” In the calculation above, Management excluded merger-related expenses due to the nonrecurring nature of these expenses.

QUARTERLY CONDENSED, CONSOLIDATED

INCOME STATEMENT INFORMATION

(Dollars In Thousands, Except Per Share Data)

(Unaudited)


		For the Three Months Ended:
	June 30,		March 31,		December 31,		September 30,		June 30,
	2025		2025		2024		2024		2024
Interest and dividend income	$	32,454	$	31,709	$	33,329	$	33,087	$	31,326
Interest expense		11,312		11,734		12,856		12,931		11,881
Net interest income		21,142		19,975		20,473		20,156		19,445
Provision (credit) for credit losses		2,354		236		(531)		1,207		565
Net interest income after provision (credit) for credit losses		18,788		19,739		21,004		18,949		18,880
Noninterest income		8,142		7,008		7,547		7,133		7,854
Noninterest expense		19,398		19,043		18,430		18,269		19,255
Income before income tax provision		7,532		7,704		10,121		7,813		7,479
Income tax provision		1,415		1,411		1,947		1,448		1,366
Net income	$	6,117	$	6,293	$	8,174	$	6,365	$	6,113
Net income attributable to common shares	$	6,068	$	6,242	$	8,103	$	6,311	$	6,066
Basic and diluted earnings per common share	$	0.40	$	0.41	$	0.53	$	0.41	$	0.40

QUARTERLY CONDENSED, CONSOLIDATED

BALANCE SHEET INFORMATION

(In Thousands) (Unaudited)


	As of:
	June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,
	2025		2025		2024		2024		2024
ASSETS
Cash & Due from Banks	$	99,619	$	114,738	$	126,174	$	184,213	$	100,412
Available-for-Sale Debt Securities		406,052		408,463		402,380		408,422		401,145
Loans, Net		1,897,559		1,878,260		1,875,813		1,872,322		1,872,825
Bank-Owned Life Insurance		52,138		51,671		51,214		50,757		50,301
Bank Premises and Equipment, Net		21,195		21,304		21,338		21,537		21,966
Deferred Tax Asset, Net		17,346		17,194		19,098		17,047		18,375
Intangible Assets		54,373		54,479		54,585		54,682		54,779
Other Assets		62,593		63,119		60,051		61,842		73,319
TOTAL ASSETS	$	2,610,875	$	2,609,228	$	2,610,653	$	2,670,822	$	2,593,122

LIABILITIES
Deposits (1)	$	2,109,776	$	2,102,141	$	2,093,909	$	2,135,879	$	2,059,309
Borrowed Funds - Federal Home Loan Bank and Repurchase Agreements		144,427		154,994		167,939		186,043		202,523
Senior Notes, Net		14,934		14,917		14,899		14,882		14,865
Subordinated Debt, Net		24,889		24,860		24,831		24,802		24,773
Other Liabilities		30,492		30,485		33,791		31,911		28,431
TOTAL LIABILITIES		2,324,518		2,327,397		2,335,369		2,393,517		2,329,901

STOCKHOLDERS' EQUITY
Common Stockholders' Equity, Excluding Accumulated Other Comprehensive Loss		317,031		314,521		312,045		307,369		304,582
Accumulated Other Comprehensive Loss:
Net Unrealized Losses on Available-for-sale Debt Securities		(31,017)		(33,050)		(37,084)		(30,396)		(41,710)
Defined Benefit Plans		343		360		323		332		349
TOTAL STOCKHOLDERS' EQUITY		286,357		281,831		275,284		277,305		263,221
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$	2,610,875	$	2,609,228	$	2,610,653	$	2,670,822	$	2,593,122

(1) Brokered Deposits (Included in Total Deposits)	$	5,005	$	22,022	$	24,021	$	45,051	$	59,501

AVAILABLE-FOR-SALE DEBT SECURITIES

(In Thousands)


	June 30, 2025				March 31, 2025				December 31, 2024				June 30, 2024
	Amortized		Fair		Amortized		Fair		Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value		Cost		Value		Cost		Value
Obligations of the U.S. Treasury	$	8,057	$	7,374	$	8,062	$	7,284	$	8,067	$	7,118	$	10,323	$	9,257
Obligations of U.S. Government agencies		9,790		8,996		9,819		8,923		10,154		9,025		10,582		9,350
Bank holding company debt securities		28,961		25,767		28,959		25,944		28,958		25,246		28,955		23,657
Obligations of states and political subdivisions:
Tax-exempt		109,330		97,960		110,721		99,148		111,995		101,302		113,659		102,020
Taxable		50,499		43,218		51,075		43,587		51,147		42,506		56,294		47,481
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		100,257		93,530		105,642		97,477		104,378		94,414		104,708		93,874
Residential collateralized mortgage obligations		53,465		51,129		54,923		52,148		53,389		49,894		46,623		42,565
Commercial mortgage-backed securities		74,380		67,008		73,232		65,553		73,470		64,501		74,510		64,718
Private label commercial mortgage-backed securities		5,578		5,580		8,404		8,399		8,365		8,374		8,290		8,223
Asset-backed securities,
Collateralized loan obligations		5,500		5,490		0		0		0		0		0		0
Total Available-for-Sale Debt Securities	$	445,817	$	406,052	$	450,837	$	408,463	$	449,923	$	402,380	$	453,944	$	401,145

SUMMARY OF LOANS BY TYPE

(Excludes Loans Held for Sale)

(In Thousands)


	June 30,		March 31,		December 31,		June 30,
	2025		2025		2024		2024
Commercial real estate - non-owner occupied:
Non-owner occupied	$	488,150	$	471,351	$	471,171	$	489,514
Multi-family (5 or more) residential		107,603		101,061		105,174		67,154
1-4 Family - commercial purpose		162,208		161,292		163,220		167,296
Total commercial real estate - non-owner occupied		757,961		733,704		739,565		723,964
Commercial real estate - owner occupied		261,157		260,248		261,071		267,169
All other commercial loans:
Commercial and industrial		97,632		96,233		96,665		77,339
Commercial lines of credit		124,515		128,290		120,078		130,924
Political subdivisions		83,811		94,046		94,009		89,460
Commercial construction and land		99,514		96,176		92,741		114,162
Other commercial loans		25,027		21,434		19,784		19,221
Total all other commercial loans		430,499		436,179		423,277		431,106
Residential mortgage loans:
1-4 Family - residential		375,352		378,841		383,797		383,494
1-4 Family residential construction		23,144		23,407		24,212		26,330
Total residential mortgage		398,496		402,248		408,009		409,824
Consumer loans:
Consumer lines of credit (including HELCs)		56,130		49,782		47,196		42,325
All other consumer		15,015		16,271		16,730		18,819
Total consumer		71,145		66,053		63,926		61,144
Total		1,919,258		1,898,432		1,895,848		1,893,207
Less: allowance for credit losses on loans		(21,699)		(20,172)		(20,035)		(20,382)
Loans, net	$	1,897,559	$	1,878,260	$	1,875,813	$	1,872,825

NON-OWNER OCCUPIED COMMERCIAL REAL ESTATE

(In Thousands)


Loan Type	June 30,		% of Non-owner		% of
	2025		Occupied CRE		Total Loans
Office	$	118,007	24.2	%	6.1	%
Retail		89,485	18.3	%	4.7	%
Industrial		83,334	17.1	%	4.3	%
Hotels		69,163	14.2	%	3.6	%
Mixed Use		60,177	12.3	%	3.1	%
Other		67,984	13.9	%	3.5	%
Total Non-owner Occupied CRE Loans	$	488,150
Total Gross Loans	$	1,919,258

PAST DUE LOANS AND NONPERFORMING ASSETS

(Dollars In Thousands)


	June 30,			March 31,			December 31,			June 30,
	2025			2025			2024			2024
Collateral dependent loans with a valuation allowance	$	239		$	945		$	258		$	6,613
Collateral dependent loans without a valuation allowance		20,957			29,854			29,867			8,567
Total collateral dependent loans	$	21,196		$	30,799		$	30,125		$	15,180

Total loans past due 30-89 days and still accruing	$	1,721		$	8,452		$	5,658		$	3,088

Nonperforming assets:
Total nonaccrual loans	$	25,190		$	24,106		$	23,842		$	19,579
Total loans past due 90 days or more and still accruing		86			24			119			20
Total nonperforming loans		25,276			24,130			23,961			19,599
Foreclosed assets held for sale (real estate)		402			199			181			181
Total nonperforming assets	$	25,678		$	24,329		$	24,142		$	19,780

Total nonperforming loans as a % of total loans		1.32	%		1.27	%		1.26	%		1.04	%
Total nonperforming assets as a % of assets		0.98	%		0.93	%		0.92	%		0.76	%
Allowance for credit losses as a % of total loans		1.13	%		1.06	%		1.06	%		1.08	%

ANALYSIS OF THE ALLOWANCE FOR CREDIT LOSSES ON LOANS

(In Thousands)


	3 Months			3 Months			3 Months			6 Months			6 Months
	Ended			Ended			Ended			Ended			Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2025			2025			2024			2025			2024
Balance, beginning of period	$	20,172		$	20,035		$	20,023		$	20,035		$	19,208
Charge-offs		(582)			(117)			(236)			(699)			(416)
Recoveries		34			26			29			60			64
Net charge-offs		(548)			(91)			(207)			(639)			(352)
Provision for credit losses on loans		2,075			228			566			2,303			1,526
Balance, end of period	$	21,699		$	20,172		$	20,382		$	21,699		$	20,382

Net charge-offs as a % of average gross loans (annualized)		0.12	%		0.02	%		0.04	%		0.07	%		0.04	%

ANALYSIS OF THE PROVISION (CREDIT) FOR CREDIT LOSSES

(In Thousands)


	3 Months		3 Months		3 Months		6 Months		6 Months
	Ended		Ended		Ended		Ended		Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
	2025		2025		2024		2025		2024
Provision (credit) for credit losses:
Loans receivable	$	2,075	$	228	$	566	$	2,303	$	1,526
Off-balance sheet exposures		279		8		(1)		287		(7)
Total provision for credit losses	$	2,354	$	236	$	565	$	2,590	$	1,519

PPNR NON- GAAP RECONCILIATION

(In Thousands)


	Three Months Ended						Six Months Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
Calculation of PPNR:	2025		2025		2024		2025		2024
Net Income (GAAP)	$	6,117	$	6,293	$	6,113	$	12,410	$	11,419
Add: Provision for income taxes		1,415		1,411		1,366		2,826		2,518
Add: Provision for credit losses		2,354		236		565		2,590		1,519
Add: Merger-related expenses		167		0		0		167		0
Add: Adjustments to reflect net interest income on a fully taxable-equivalent basis		220		211		202		431		397
PPNR (non-GAAP)	$	10,273	$	8,151	$	8,246	$	18,424	$	15,853

COMPARISON OF INTEREST INCOME AND EXPENSE

(In Thousands)


	Three Months Ended						Six Months Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
	2025		2025		2024		2025		2024
INTEREST INCOME
Interest-bearing due from banks	$	855	$	721	$	516	$	1,576	$	899
Available-for-sale debt securities:
Taxable		2,329		2,302		2,137		4,631		4,273
Tax-exempt		658		648		626		1,306		1,249
Total available-for-sale debt securities		2,987		2,950		2,763		5,937		5,522
Loans receivable:
Taxable		28,051		27,503		27,490		55,554		54,193
Tax-exempt		743		728		730		1,471		1,400
Total loans receivable		28,794		28,231		28,220		57,025		55,593
Other earning assets		38		18		29		56		45
Total Interest Income		32,674		31,920		31,528		64,594		62,059

INTEREST EXPENSE
Interest-bearing deposits:
Interest checking		2,708		2,727		2,836		5,435		5,642
Money market		1,948		1,981		1,917		3,929		4,097
Savings		49		49		52		98		107
Time deposits		4,579		4,835		4,509		9,414		8,359
Total interest-bearing deposits		9,284		9,592		9,314		18,876		18,205
Borrowed funds:
Short-term		1		0		360		1		957
Long-term - FHLB advances		1,674		1,789		1,855		3,463		3,311
Senior notes, net		120		121		120		241		240
Subordinated debt, net		233		232		232		465		463
Total borrowed funds		2,028		2,142		2,567		4,170		4,971
Total Interest Expense		11,312		11,734		11,881		23,046		23,176

Net Interest Income	$	21,362	$	20,186	$	19,647	$	41,548	$	38,883

Note: Interest income from tax-exempt securities and loans has been adjusted to a fully taxable-equivalent basis, using C&N’s marginal federal income tax rate of 21%. The following table is a reconciliation of net interest income under U.S. GAAP as compared to net interest income as adjusted to a fully taxable-equivalent basis.


(In Thousands)	Three Months Ended						Six Months Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
	2025		2025		2024		2025		2024
Net Interest Income Under U.S. GAAP	$	21,142	$	19,975	$	19,445	$	41,117	$	38,486
Add: fully taxable-equivalent interest income adjustment from tax-exempt securities		79		75		67		154		136
Add: fully taxable-equivalent interest income adjustment from tax-exempt loans		141		136		135		277		261
Net Interest Income as adjusted to a fully taxable-equivalent basis	$	21,362	$	20,186	$	19,647	$	41,548	$	38,883

ANALYSIS OF AVERAGE DAILY BALANCES AND RATES

(Dollars in Thousands)


	3 Months				3 Months				3 Months
	Ended		Rate of		Ended		Rate of		Ended		Rate of
	6/30/2025		Return/		3/31/2025		Return/		6/30/2024		Return/
	Average		Cost of		Average		Cost of		Average		Cost of
	Balance		Funds %		Balance		Funds %		Balance		Funds %
EARNING ASSETS
Interest-bearing due from banks	$	79,868	4.29	%	$	67,896	4.31	%	$	43,139	4.81	%
Available-for-sale debt securities, at amortized cost:
Taxable		338,539	2.76	%		339,557	2.75	%		343,971	2.50	%
Tax-exempt		109,840	2.40	%		111,143	2.36	%		112,921	2.23	%
Total available-for-sale debt securities		448,379	2.67	%		450,700	2.65	%		456,892	2.43	%
Loans receivable:
Taxable		1,814,171	6.20	%		1,809,045	6.17	%		1,792,556	6.17	%
Tax-exempt		87,249	3.42	%		90,388	3.27	%		90,830	3.23	%
Total loans receivable		1,901,420	6.07	%		1,899,433	6.03	%		1,883,386	6.03	%
Other earning assets		2,833	5.38	%		1,777	4.11	%		2,176	5.36	%
Total Earning Assets		2,432,500	5.39	%		2,419,806	5.35	%		2,385,593	5.32	%
Cash		22,139				20,920				22,396
Unrealized loss on securities		(42,561)				(44,405)				(56,765)
Allowance for credit losses		(20,568)				(20,341)				(20,290)
Bank-owned life insurance		51,844				51,383				50,018
Bank premises and equipment		21,339				21,329				21,994
Intangible assets		54,425				54,530				54,827
Other assets		73,041				71,928				89,859
Total Assets	$	2,592,159			$	2,575,150			$	2,547,632

INTEREST-BEARING LIABILITIES
Interest-bearing deposits:
Interest checking	$	542,532	2.00	%	$	539,244	2.05	%	$	517,145	2.21	%
Money market		364,238	2.15	%		355,144	2.26	%		340,038	2.27	%
Savings		198,553	0.10	%		195,971	0.10	%		207,530	0.10	%
Time deposits		486,249	3.78	%		494,219	3.97	%		457,885	3.96	%
Total interest-bearing deposits		1,591,572	2.34	%		1,584,578	2.45	%		1,522,598	2.46	%
Borrowed funds:
Short-term		980	0.41	%		1,400	0.00	%		27,732	5.22	%
Long-term - FHLB advances		149,704	4.49	%		162,392	4.47	%		175,373	4.25	%
Senior notes, net		14,926	3.22	%		14,908	3.29	%		14,856	3.25	%
Subordinated debt, net		24,874	3.76	%		24,846	3.79	%		24,759	3.77	%
Total borrowed funds		190,484	4.27	%		203,546	4.27	%		242,720	4.25	%
Total Interest-bearing Liabilities		1,782,056	2.55	%		1,788,124	2.66	%		1,765,318	2.71	%
Demand deposits		498,169				476,604				493,922
Other liabilities		29,260				32,279				29,972
Total Liabilities		2,309,485				2,297,007				2,289,212
Stockholders' equity, excluding accumulated other comprehensive loss		315,520				312,427				302,758
Accumulated other comprehensive loss		(32,846)				(34,284)				(44,338)
Total Stockholders' Equity		282,674				278,143				258,420
Total Liabilities and Stockholders' Equity	$	2,592,159			$	2,575,150			$	2,547,632
Interest Rate Spread			2.84	%			2.69	%			2.61	%
Net Interest Income/Earning Assets			3.52	%			3.38	%			3.31	%

Total Deposits (Interest-bearing and Demand)	$	2,089,741			$	2,061,182			$	2,016,520

(1)Annualized rates of return on tax-exempt securities and loans are presented on a fully taxable-equivalent basis, using C&N’s marginal federal income tax rate of 21%.

(2)	Nonaccrual loans have been included with loans for the purpose of analyzing net interest earnings.

(3)	Rates of return on earning assets and costs of funds have been presented on an annualized basis.

ANALYSIS OF AVERAGE DAILY BALANCES AND RATES

(Dollars in Thousands)


	6 Months				6 Months
	Ended		Rate of		Ended		Rate of
	6/30/2025		Return/		6/30/2024		Return/
	Average		Cost of		Average		Cost of
	Balance		Funds %		Balance		Funds%
EARNING ASSETS
Interest-bearing due from banks	$	73,915	4.30	%	$	37,932	4.77	%
Available-for-sale debt securities, at amortized cost:
Taxable		339,045	2.75	%		345,928	2.48	%
Tax-exempt		110,488	2.38	%		113,142	2.22	%
Total available-for-sale debt securities		449,533	2.66	%		459,070	2.42	%
Loans receivable:
Taxable		1,811,622	6.18	%		1,783,310	6.11	%
Tax-exempt		88,810	3.34	%		88,006	3.20	%
Total loans receivable		1,900,432	6.05	%		1,871,316	5.97	%
Other earning assets		2,308	4.89	%		1,780	5.08	%
Total Earning Assets		2,426,188	5.37	%		2,370,098	5.27	%
Cash		21,533				21,422
Unrealized loss on securities		(43,478)				(53,807)
Allowance for credit losses		(20,455)				(19,887)
Bank-owned life insurance		51,615				52,242
Bank premises and equipment		21,334				21,891
Intangible assets		54,477				54,876
Other assets		72,487				86,369
Total Assets	$	2,583,701			$	2,533,204

INTEREST-BEARING LIABILITIES
Interest-bearing deposits:
Interest checking	$	540,897	2.03	%	$	516,025	2.20	%
Money market		359,716	2.20	%		351,451	2.34	%
Savings		197,269	0.10	%		210,404	0.10	%
Time deposits		490,212	3.87	%		443,485	3.79	%
Total interest-bearing deposits		1,588,094	2.40	%		1,521,365	2.41	%
Borrowed funds:
Short-term		1,189	0.17	%		36,187	5.32	%
Long-term - FHLB advances		156,013	4.48	%		159,063	4.19	%
Senior notes, net		14,917	3.26	%		14,848	3.25	%
Subordinated debt, net		24,860	3.77	%		24,745	3.76	%
Total borrowed funds		196,979	4.27	%		234,843	4.26	%
Total Interest-bearing Liabilities		1,785,073	2.60	%		1,756,208	2.65	%
Demand deposits		487,446				487,534
Other liabilities		30,761				29,679
Total Liabilities		2,303,280				2,273,421
Stockholders' equity, excluding accumulated other comprehensive loss		313,982				301,895
Accumulated other comprehensive loss		(33,561)				(42,112)
Total Stockholders' Equity		280,421				259,783
Total Liabilities and Stockholders' Equity	$	2,583,701			$	2,533,204
Interest Rate Spread			2.77	%			2.62	%
Net Interest Income/Earning Assets			3.45	%			3.30	%

Total Deposits (Interest-bearing and Demand)	$	2,075,540			$	2,008,899

(1)Annualized rates of return on tax-exempt securities and loans are presented on a fully taxable-equivalent basis, using C&N’s marginal federal income tax rate of 21%.

(2)	Nonaccrual loans have been included with loans for the purpose of analyzing net interest earnings.

(3)	Rates of return on earning assets and costs of funds have been presented on an annualized basis.

COMPARISON OF NONINTEREST INCOME

(In Thousands)


	Three Months Ended						Six Months Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
	2025		2025		2024		2025		2024
Trust revenue	$	1,967	$	2,102	$	2,014	$	4,069	$	3,911
Brokerage and insurance revenue		554		498		527		1,052		1,066
Service charges on deposit accounts		1,422		1,440		1,472		2,862		2,790
Interchange revenue from debit card transactions		1,218		1,036		1,089		2,254		2,102
Net gains from sales of loans		312		205		235		517		426
Loan servicing fees, net		173		138		130		311		360
Increase in cash surrender value of life insurance		466		457		444		923		914
Other noninterest income		2,030		1,132		1,943		3,162		2,960
Total noninterest income	$	8,142	$	7,008	$	7,854	$	15,150	$	14,529

COMPARISON OF NONINTEREST EXPENSE

(In Thousands)


	Three Months Ended						Six Months Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
	2025		2025		2024		2025		2024
Salaries and employee benefits	$	11,067	$	11,759	$	11,023	$	22,826	$	22,585
Net occupancy and equipment expense		1,403		1,459		1,333		2,862		2,783
Data processing and telecommunications expenses		1,981		2,071		2,003		4,052		3,995
Automated teller machine and interchange expense		403		387		473		790		960
Pennsylvania shares tax		470		496		434		966		867
Professional fees		506		517		552		1,023		1,070
Other noninterest expense		3,401		2,354		3,437		5,755		5,299
Total noninterest expense, excluding merger-related expenses		19,231		19,043		19,255		38,274		37,559
Merger-related expenses		167		0		0		167		0
Total noninterest expense	$	19,398	$	19,043	$	19,255	$	38,441	$	37,559

LIQUIDITY INFORMATION

(In Thousands)


Available Credit Facilities	Outstanding						Available						Total Credit
	June 30,		March 31,		June 30,		June 30,		March 31,		June 30,		June 30,		March 31,		June 30,
	2025		2025		2024		2025		2025		2024		2025		2025		2024
Federal Home Loan Bank of Pittsburgh	$	165,611	$	176,540	$	223,853	$	780,008	$	772,430	$	719,722	$	945,619	$	948,970	$	943,575
Federal Reserve Bank Discount Window		0		0		0		17,545		17,431		18,884		17,545		17,431		18,884
Other correspondent banks		0		0		0		75,000		75,000		75,000		75,000		75,000		75,000
Total credit facilities	$	165,611	$	176,540	$	223,853	$	872,553	$	864,861	$	813,606	$	1,038,164	$	1,041,401	$	1,037,459


Uninsured Deposits Information	June 30,			March 31,			June 30,
	2025			2025			2024
Total Deposits - C&N Bank	$	2,127,673		$	2,120,521		$	2,074,806

Estimated Total Uninsured Deposits	$	649,184		$	621,542		$	605,765
Portion of Uninsured Deposits that are
Collateralized		133,621			138,178			158,268
Uninsured and Uncollateralized Deposits	$	515,563		$	483,364		$	447,497

Uninsured and Uncollateralized Deposits as
a % of Total Deposits		24.2	%		22.8	%		21.6	%

Available Funding from Credit Facilities	$	872,553		$	864,861		$	813,606
Fair Value of Available-for-sale Debt
Securities in Excess of Pledging Obligations		267,695			270,496			238,375
Highly Liquid Available Funding	$	1,140,248		$	1,135,357		$	1,051,981

Highly Liquid Available Funding as a % of
Uninsured Deposits		175.6	%		182.7	%		173.7	%

Highly Liquid Available Funding as a % of
Uninsured and Uncollateralized Deposits		221.2	%		234.9	%		235.1	%