Document

•Net Income – Net income for the fourth quarter of 2025 increased $1.5 million to $15.9 million from $14.3 million in the third quarter of 2025. Net income increased primarily due to higher net interest income of $1.8 million and higher noninterest income of $966 thousand driven by one-time insurance proceeds, partially offset by higher noninterest expense of $1.1 million. Net income for the year ended December 31, 2025 was $59.5 million, compared to $43.9 million for the year ended December 31, 2024. The annual increase was primarily driven by an increase in net interest income due to loans repricing favorably, coupled with lower cost of deposits during the period. The favorable changes were offset by a higher provision for loan losses, driven by increased charge-offs in 2025.

•Net Interest Margin (“NIM”) – Net interest income for the fourth quarter of 2025 increased $1.8 million to $50.4 million compared to the third quarter of 2025. NIM increased 1 basis point (“bps”) to 3.43% during the fourth quarter of 2025 compared to the third quarter of 2025. NIM excluding accretion(1) increased for the comparable periods from 3.22% to 3.24%. Excluding accretion interest, loan yields increased 2 bps and funding costs decreased 4 bps for the comparable periods. Net interest income increased due to modest loan growth and higher yields on investments, coupled with a lower cost of deposits. These favorable changes were partially offset by lower yields on interest-bearing deposits with other institutions.

•Asset Quality – Nonperforming assets were 0.69% of total assets at December 31, 2025, an increase from 0.45% at September 30, 2025 and 0.40% at December 31, 2024. Classified assets were 0.96% of total assets at December 31, 2025, an increase when compared to 0.83% at September 30, 2025 and 0.45% at December 31, 2024. The allowance for credit losses (“ACL”) was $58.8 million at December 31, 2025, compared to $59.6 million at September 30, 2025 and $57.9 million at December 31, 2024. The ACL as a percentage of loans decreased to 1.20% at December 31, 2025, compared to 1.22% at September 30, 2025 and 1.21% at December 31, 2024.


	December 31, 2025
	Owner Occupied						Non-Owner Occupied
($ in thousands)	Average LTV(1)		Average Loan Size		Loan Balance(2)		Average LTV(1)		Average Loan Size		Loan Balance(2)
Office, medical	42.28	%	$	594	$	30,300	49.55	%	$	1,796	$	98,803
Office, govt. or govt. contractor	52.80		590		4,722		56.41		2,924		46,780
Office, other	47.74		472		88,800		47.17		1,342		216,114
Office, total	46.80		501		123,822		48.35		1,559		361,697
Retail	49.74		596		64,988		48.36		2,595		485,267
Multi-family (5+ units)	—		—		—		54.30		2,367		262,788
Hotel/motel	—		—		—		44.03		4,088		196,211
Industrial/warehouse	46.88		657		94,538		48.13		1,472		189,937
Commercial-improved	42.04		1,186		217,092		49.36		1,274		156,753
Marine/boat slips	30.58		1,493		38,812		36.85		1,484		7,421
Restaurant	48.38		985		55,149		49.58		1,039		43,635
Church	34.37		878		59,690		13.26		2,368		2,368
Land/lot loans	46.47		582		1,164		49.68		1,339		1,339
Other	40.20		1,420		149,429		40.85		1,272		131,896
Total CRE loans, gross	43.61		843		$	804,684	47.68		1,886		$	1,839,312

The office CRE loan portfolio, which includes owner occupied and non-owner occupied CRE loans, was $485.9 million, or 9.9% of total loans at December 31, 2025. The office CRE loan portfolio included loans to medical tenants of $129.1 million, or 26.6% of the total office CRE loan portfolio, at December 31, 2025. The office CRE loan portfolio also included loans to government or government contractor tenants of $51.5 million, or 10.6% of the total office CRE loan portfolio for the same period. At December 31, 2025, the average loan debt-service coverage ratio on the office CRE loan portfolio was 1.7x and the average LTV was 47.55%.

There were 17 office CRE loans with balances greater than $5.0 million, totaling $166.1 million at December 31, 2025, compared to 18 office CRE loans totaling $164.5 million at December 31, 2024. The increase this portfolio segment was the result of normal amortization, the payoff of a $5.6 million loan, the change in purpose of collateral of an $11.8 million loan from office to school, and a loan opened for $25 million. Of the office CRE portfolio balance, 80.5% was secured by properties in rural or suburban areas with limited exposure to metropolitan cities and 97.1% was secured by properties with five stories or less. Of the office CRE loans, $30.7 million were classified as special mention or substandard at December 31, 2025. In the fourth quarter of 2025 there was a charge-off of $2.6 million related to the office CRE portfolio. There were no other office CRE portfolio charge-offs during 2025.

Nonperforming assets were $43.2 million and $28.1 million, or 0.69% and 0.45% of total assets, as of December 31, 2025 and September 30, 2025, respectively. The balance of nonperforming assets increased $15.1 million in the fourth quarter, primarily due to commercial real estate and consumer loans. When comparing December 31, 2025 to December 31, 2024, nonperforming assets increased $18.4 million, primarily due to an increase in nonaccrual loans of $19.0 million and an decrease in repossessed marine and auto loans of $502 thousand. Substandard loans, which include nonaccrual loans, accruing loans and accruing loans 90 days or more past due were $57.4 million at December 31, 2025 compared to $48.5 million at September 30, 2025 and $24.7 million at December 31, 2024. The increase was primarily due to several commercial non-owner occupied real estate loans that were downgraded during the current period. All of these loans are well secured by collateral and required minimal individual reserves as of December 31, 2025.

Total deposits increased $5.7 million from September 30, 2025 to $5.53 billion at December 31, 2025 and increased $5.5 million when compared to December 31, 2024. The increase in total deposits year-to-date was primarily due to an increase in time deposits of $85.9 million, an increase in noninterest-bearing accounts of $25.1 million, an increase in brokered deposits of $10.9 million and an increase in money market and savings accounts of $9.0 million. These increases were partially offset by a decrease in interest-bearing checking deposits of $125.5 million. Core deposits, which exclude municipal deposits, increased by $154.8 million, or 3.8%, during the same period, which was partially offset by volatility driven by a large client relationship.

Total stockholders’ equity increased $48.8 million, or 9.0%, when compared to December 31, 2024, primarily due to current year earnings and a decrease in accumulated other comprehensive losses, partially offset by cash dividends paid. As of December 31, 2025 and 2024, the ratio of total equity to total assets was 9.42% and 8.68%, respectively, and the ratio of total tangible equity to total tangible assets(1) was 8.06% and 7.17%, respectively. The Company’s tangible common equity ratio at December 31, 2025 was 8.06% compared to 7.17% at December 31, 2024. The Company’s Tier 1 and Total Risk-Based Capital Ratios at December 31, 2025 were 11.15% and 13.61%, respectively.

Net interest income was $50.4 million for the fourth quarter of 2025, compared to $48.7 million for the third quarter of 2025 and $44.0 million for the fourth quarter of 2024. The increase in net interest income when compared to the third quarter of 2025 was primarily due to an increase in interest income on deposits at other banks of $1.6 million, an increase in interest income on loans of $1.4 million and a decrease in interest expense on short-term borrowings of $394 thousand. These favorable changes were partially offset by an increase in interest expense on deposits of $815 thousand and an increase in interest expense of long-term borrowings of $763 thousand. The increase in interest expense on long-term borrowings is due to a new debt issuance of $60.0 million during the quarter, which replaced $45 million of subordinated debt that was redeemed at the end of the quarter. The increase in net interest income was $6.4 million when compared to the fourth quarter of 2024, and was primarily due to an increase in interest and fees on loans of $4.9 million and a decrease in interest expense on deposits of $3.1 million. These favorable changes were partially offset by a decrease in interest on deposits with other banks of $1.3 million, an increase in interest expense on short-term borrowings of $246 thousand, and an increase in interest expense on long-term borrowings of $151 thousand.

The Company’s NIM increased to 3.43% for the fourth quarter of 2025 from 3.42% for the third quarter of 2025, primarily due to higher core interest income. NIM excluding accretion increased for the comparable periods from 3.22% to 3.24%. Excluding accretion interest income, loan yields increased 2 bps and funding costs decreased 4 bps for the comparable periods. Interest expense for the fourth quarter of 2025 increased $1.2 million compared to the third quarter of 2025, primarily due to write-offs of merger-related interest rate marks on certain deposit products. The Company’s NIM increased to 3.43% for the fourth quarter of 2025 from 3.03% for the fourth quarter of 2024. The Company’s average interest-earning asset yield increased to 5.45% for the fourth quarter of 2025 from 5.25% for the fourth quarter of 2024, while the average cost of funds decreased 20 bps to 2.11% from 2.31% for the same periods.

The provision for credit losses was $2.8 million for the three months ended December 31, 2025. The comparable amounts were $3.0 million for the three months ended September 30, 2025 and $780 thousand for the three months ended December 31, 2024. The decrease in the provision for credit losses for the fourth quarter of 2025 compared to the third quarter of 2025 was due to lower reserves resulting from favorable economic conditions, partially offset by charge-offs driven by a large commercial real estate loan write-down. Coverage ratios decreased to 1.20% at December 31, 2025 from 1.22% at September 30, 2025, and decreased from 1.21% at December 31, 2024. Net charge-offs increased to $3.6 million for the fourth quarter of 2025 compared to $1.8 million for the third quarter of 2025 and $1.3 million for the fourth quarter of 2024. The increase was driven by a large commercial real estate write-down in the fourth quarter 2025.

Total noninterest income for the fourth quarter of 2025 was $8.7 million, an increase of $1.0 million from $7.7 million for the third quarter of 2025, and a decrease of $186 thousand from $8.9 million for the fourth quarter of 2024. When comparing the fourth quarter of 2025 to the third quarter of 2025, the increase in noninterest income was primarily due to a one-time receipt of insurance proceeds. Comparing the fourth quarter of 2025 to the fourth quarter of 2024, the decrease in noninterest income was primarily due a decrease in mortgage banking revenue, partially offset by an increase in trust and investment fee income, an increase in interchange credits and the absence of the one-time gain on sale of real property in 2024.

Total noninterest expense of $35.5 million for the fourth quarter of 2025 increased $1.1 million compared to $34.4 million for the third quarter of 2025, and increased $1.6 million compared to $33.9 million for the fourth quarter of 2024. The increase from the third quarter of 2025 was primarily due to higher professional service fees of $248 thousand and other noninterest expense of $689 thousand related to writedown of repossessed assets. The increase from the fourth quarter of 2024 was primarily due to higher salaries and benefits expense of $1.4 million and higher software and data processing costs of $685 thousand, partially offset by lower amortization of other intangible assets of $298 thousand and lower legal and professional services of $284 thousand.

Net interest income for the year ended December 31, 2025 was $192.4 million, an increase of $21.8 million, or 12.8%, when compared to the year ended December 31, 2024. The increase in net interest income was primarily due to an increase in total interest income of $14.7 million, or 5.0%, which included an increase in interest and fees on loans of $11.0 million, or 4.1%, an increase in interest on deposits with other banks of $2.8 million, or 44.6%, and an increase in interest income on taxable investments of $934 thousand. The increase in interest and fees on loans was primarily due to the increase in the average balance of loans of $130.3 million, or 2.8%. The decrease in total interest expense was primarily due to a decrease in interest on deposits of $6.1 million and the decrease in interest expense on borrowings of $1.0 million was as a result of lower average FHLB advances and associated rates during the year.

The Company’s NIM increased from 3.10% for the year ended December 31, 2024 to 3.36% for the year ended December 31, 2025. Margins were higher due to a $211.0 million increase in interest-earning asset balances and a 5 basis point increase in interest-earning asset yields. These positive movements were coupled with lower-cost interest-bearing deposits. The increase in the average balances of interest-bearing deposits of $49.9 million was offset by a 20 basis point decrease in the associated rates paid, as well as a $27.2 million decrease in the average balance of FHLB advances and a 44 basis point decrease in the associated rates paid. Net accretion income impacted net interest margin by 21 basis points and 27 basis points for the year ended December 31, 2025 and 2024, respectively, which resulted in NIM excluding accretion of 3.15% and 2.83% for the same periods.

The efficiency ratio for the year ended December 31, 2025 was 61.33% compared to 68.55% for the year ended December 31, 2024. Non-GAAP efficiency ratios for the same periods were 57.43% and 61.43%, respectively. The net operating expense ratio, which is noninterest expense less noninterest income divided by average assets, was 1.73% for the year ended December 31, 2025, compared to 1.82% for the year ended December 31, 2024. The non-GAAP net operating expense ratio(1), which excludes core deposit intangible amortization and non-recurring activity, was 1.59% for the year ended December 31, 2025, compared to 1.58% for the year ended December 31, 2024.

This news release may contain statements relating to future events or our future results that are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend,” “potential,” “target,” “plan,” “goal,” or words of similar meaning, or future or conditional verbs such as “could,” “would,” or “may.” Forward-looking statements include statements of our goals, intentions, or expectations; statements regarding our business plans, prospects, growth, or operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits.

Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. The factors that could cause actual results to differ materially from those expressed in such forward-looking statements include, but are not limited to, the following: local, regional and global business, economic and political conditions and geopolitical events; changes in laws, rules and regulatory requirements, including capital and liquidity requirements; changes in consumer and business confidence, investor sentiment, and consumer spending and savings behavior; changes in the level of inflation; changes in monetary and fiscal policies; changes in trade policies, including the imposition of tariffs and retaliatory responses; changes in the demand for loans, deposits, and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; changes in FDIC assessments; changes in the interest rate environment; changes in income tax laws and regulations; our ability to manage effectively our capital and liquidity; the ability to realize benefits and cost savings from, and limit any unexpected liabilities associated with, any business combinations; changes in credit ratings assigned to us; competitive pressures among financial services companies; technology changes instituted by us, our counterparties, or competitors; the ability to attract, develop, and retain qualified employees; change in federal government enforcement of federal laws affecting the cannabis industry; our ability to maintain the security of our financial, accounting, technology, data processing and other operational systems and facilities; our ability to effectively defend ourselves against cyber-attacks and other attempts by unauthorized parties to access our information or information of our customers or to disrupt our systems; our ability to withstand disruptions that may be caused by any failure of our operational systems or those of third parties; our ability to control expenses; the impact of changes in accounting policies, including the introduction of new accounting standards; the impact of judicial or regulatory proceedings; and the impact of natural or man-made disasters or calamities, including health emergencies, the spread of infectious diseases, epidemics or pandemics, an outbreak or escalation of hostilities or other geopolitical instabilities, the effects of climate change or extraordinary events beyond our control. The Company provides greater detail regarding some of these factors in its Annual Report on Form 10-K for the year ended December 31, 2024, including in the Risk Factors section of that report, and in its other SEC reports. Forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.


											Q4 2025 vs.		Q4 2025 vs.		Year Ended December 31,
($ in thousands, except per share data)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024		Q3 2025		Q4 2024		2025		2024		2025 vs. 2024
PROFITABILITY FOR THE PERIOD
Taxable-equivalent net interest income	$	50,533	$	48,738	$	47,333	$	46,110	$	44,093	3.7	%	14.6	%	$	192,712	$	170,874	12.8	%
Less: Taxable-equivalent adjustment	92		83		81		81		82		10.8		12.2		335		325		3.1
Net interest income	50,441		48,655		47,252		46,029		44,011		3.7		14.6		192,377		170,549		12.8
Provision for credit losses	2,827		2,992		1,528		1,028		780		(5.5)		262.4		8,375		4,738		76.8
Noninterest income	8,667		7,701		9,318		7,003		8,853		12.5		(2.1)		32,688		31,147		4.9
Noninterest expense	35,499		34,379		34,410		33,747		33,943		3.3		4.6		138,035		138,254		(0.2)
Income before income taxes	20,782		18,985		20,632		18,257		18,141		9.5		14.6		78,655		58,704		34.0
Income tax expense	4,895		4,637		5,125		4,493		4,859		5.6		0.7		19,149		14,815		29.3
NET INCOME	$	15,887	$	14,348	$	15,507	$	13,764	$	13,282	10.7		19.6		$	59,506	$	43,889	35.6

Adjusted net income – non-GAAP(1)	$	17,416	$	15,889	$	17,215	$	15,481	$	14,636	9.6	%	19.0	%	$	66,004	$	54,348	21.4	%
Pre-tax pre-provision net income – non-GAAP(1)	$	23,609	$	21,977	$	22,160	$	19,285	$	18,921	7.4	%	24.8	%	$	87,030	$	63,442	37.2	%

Return on average assets – GAAP	1.02%		0.95%		1.03%		0.91%		0.86%		7	bp	16	bp	0.98%		0.74%		24	bp
Adjusted return on average assets – non-GAAP(1)	1.11		1.05		1.15		1.02		0.94		6		17		1.08		0.92		16
Return on average common equity – GAAP	10.79		9.96		11.13		10.20		9.82		83		97		10.52		8.35		217
Return on average tangible common equity – non-GAAP(1)	14.10		13.27		14.99		14.05		13.67		83		43		14.09		12.21		188
Net interest spread	2.48		2.46		2.39		2.30		2.02		2		46		2.40		2.14		26
Net interest margin	3.43		3.42		3.35		3.24		3.03		1		40		3.36		3.10		26
Efficiency ratio – GAAP	60.06		61.00		60.83		63.64		64.21		(94)		(415)		61.33		68.55		(722)
Efficiency ratio – non-GAAP(1)	56.59		57.30		56.73		59.25		60.28		(71)		(369)		57.43		61.43		(400)
Noninterest income to average assets	0.55		0.51		0.62		0.46		0.57		4		(2)		0.54		0.53		1
Noninterest expense to average assets	2.27		2.27		2.29		2.23		2.19		—		8		2.26		2.34		(8)
Net operating expense to average assets – GAAP	1.72		1.76		1.67		1.77		1.62		(4)		10		1.73		1.82		(9)
Net operating expense to average assets – non-GAAP(1)	1.59		1.62		1.52		1.62		1.50		(3)		9		1.59		1.58		1

PER SHARE DATA
Basic net income per common share	$	0.48	$	0.43	$	0.46	$	0.41	$	0.40	11.6	%	20.0	%	$	1.78	$	1.32	34.8	%
Diluted net income per common share	0.48		0.43		0.46		0.41		0.40		11.6		20.0		1.78		1.32		34.8
Dividends paid per common share	0.12		0.12		0.12		0.12		0.12		—		—		0.48		0.48		—
Book value per common share at period end	17.65		17.27		16.94		16.55		16.23		2.2		8.7		17.65		16.23		8.7
Tangible book value per common share at period end – non-GAAP(1)	14.87		14.43		14.03		13.58		13.19		3.0		12.7		14.87		13.19		12.7
Common share market value at period end	17.68		16.41		15.72		13.54		15.85		7.7		11.5		17.68		15.85		11.5
Common share intraday price:
High	$	19.22	$	17.67	$	15.88	$	17.24	$	17.61	8.8	%	9.1	%	19.22		17.61		9.1	%
Low	14.93		14.96		11.47		13.15		13.21		(0.2)		13.0		11.47		10.06		14.0

____________________________________


											Q4 2025 vs.		Q4 2025 vs.		Year Ended December 31,
($ in thousands, except per share data)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024		Q3 2025		Q4 2024		2025		2024		2025 vs. 2024
AVERAGE BALANCE SHEET DATA
Loans	$	4,909,619	$	4,884,003	$	4,833,558	$	4,784,991	$	4,796,245	0.5	%	2.4	%	$	4,853,469	$	4,723,215	2.8	%
Investment securities	653,639		664,535		683,680		664,655		655,610		(1.6)		(0.3)		666,591		668,279		(0.3)
Earning assets	5,843,816		5,658,981		5,660,409		5,768,080		5,798,454		3.3		0.8		5,731,919		5,520,904		3.8
Assets	6,206,753		6,020,574		6,021,385		6,129,241		6,163,497		3.1		0.7		6,094,659		5,896,931		3.4
Deposits	5,452,082		5,280,252		5,297,567		5,417,514		5,461,583		3.3		(0.2)		5,361,893		5,188,812		3.3
FHLB advances	20,108		52,391		50,000		50,000		50,000		(61.6)		(59.8)		43,068		70,298		(38.7)
Subordinated debt & TRUPS	104,752		74,363		74,102		73,840		73,578		40.9		42.4		81,828		72,907		12.2
Stockholders’ equity	584,209		571,247		558,952		547,443		538,184		2.3		8.6		565,579		525,742		7.6

CREDIT QUALITY DATA
Net charge-offs	$	3,619	$	1,825	$	649	$	554	$	1,333	98.3	%	171.5	%	$	6,647	$	4,072	63.2	%

Nonaccrual loans	$	39,960	$	24,378	$	16,782	$	15,402	$	21,008	63.9	%	90.2	%
Loans 90 days past due and still accruing	255		153		215		894		294		66.7		(13.3)
Other real estate owned and repossessed property	2,992		3,552		2,636		2,608		3,494		(15.8)		(14.4)
Total nonperforming assets	$	43,207	$	28,083	$	19,633	$	18,904	$	24,796	53.9		74.2


											Q4 2025 vs.		Q4 2025 vs.		Year Ended December 31,
($ in thousands, except per share data)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024		Q3 2025		Q4 2024		2025		2024		2025 vs. 2024
CAPITAL AND CREDIT QUALITY RATIOS
Period-end equity to assets – GAAP	9.42	%	9.19	%	9.36	%	8.94	%	8.68	%	23	bp	74	bp
Period-end tangible equity to tangible assets – non-GAAP(1)	8.06		7.80		7.88		7.46		7.17		26		89

Annualized net charge-offs to average loans	0.29	%	0.15	%	0.05	%	0.05	%	0.11	%	14	bp	18	bp	0.14	%	0.09	%	5	bp

Allowance for credit losses as a percent of:
Period-end loans	1.20	%	1.22	%	1.21	%	1.21	%	1.21	%	(2)	bp	(1)	bp
Period-end nonaccrual loans	147.24		244.29		348.49		376.85		275.66		(9,705)		(12,842)
Period-end nonperforming assets	136.17		212.06		297.88		307.04		233.55		(7,589)		(9,738)

As a percent of total loans at period-end:
Nonaccrual loans	0.82	%	0.50	%	0.35	%	0.32	%	0.44	%	32	bp	38	bp

As a percent of total loans, other real estate owned and repossessed property at period-end:
Nonperforming assets	0.88	%	0.57	%	0.41	%	0.40	%	0.52	%	31	bp	36	bp

As a percent of total assets at period-end:
Nonaccrual loans	0.64	%	0.39	%	0.28	%	0.25	%	0.34	%	25	bp	30	bp
Nonperforming assets	0.69		0.45		0.33		0.31		0.40		24		29


																Q4 2025 vs.		Q4 2025 vs.
($ in thousands)	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2025		Q4 2024
The Company Amounts
Common Equity Tier 1 Capital	$	510,729		$	496,709		$	483,947		$	470,223		$	458,258		2.82	%	11.45	%
Tier 1 Capital	540,897			526,794			513,952			500,149			488,105			2.68		10.82
Total Capital	660,451			627,055			618,793			603,928			591,228			5.33		11.71
Risk-Weighted Assets	4,852,573			4,867,237			4,890,679			4,823,833			4,852,564			(0.30)		—

The Company Ratios
Common Equity Tier 1 Capital to RWA	10.52		%	10.21		%	9.90		%	9.75		%	9.44		%	31	bp	108	bp
Tier 1 Capital to RWA	11.15			10.82			10.51			10.37			10.06			33		109
Total Capital to RWA	13.61			12.88			12.65			12.52			12.18			73		143
Tier 1 Capital to AA (Leverage)	8.82			8.86			8.65			8.27			8.02			(4)		80

The Bank Amounts
Common Equity Tier 1 Capital	$	569,183		$	559,212		$	546,630		$	534,824		$	521,453		1.78	%	9.15	%
Tier 1 Capital	569,183			559,212			546,630			534,824			521,453			1.78		9.15
Total Capital	629,746			620,034			607,235			594,550			580,706			1.57		8.44
Risk-Weighted Assets	4,844,639			4,864,871			4,888,558			4,821,975			4,851,903			(0.42)		(0.15)

The Bank Ratios
Common Equity Tier 1 Capital to RWA	11.75		%	11.49		%	11.18		%	11.09		%	10.75		%	26	bp	100	bp
Tier 1 Capital to RWA	11.75			11.49			11.18			11.09			10.75			26		100
Total Capital to RWA	13.00			12.75			12.42			12.33			11.97			25		103
Tier 1 Capital to AA (Leverage)	9.30			9.41			9.20			8.84			8.58			(11)		72


											December 31, 2025		December 31, 2025
											compared to		compared to
($ in thousands, except per share data)	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2025		December 31, 2024
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
ASSETS
Cash and due from banks	$	50,164	$	62,289	$	54,512	$	46,886	$	44,008	(19.5)	%	14.0	%
Interest-bearing deposits with other banks	305,402		354,224		130,472		342,120		415,843		(13.8)		(26.6)
Cash and cash equivalents	355,566		416,513		184,984		389,006		459,851		(14.6)		(22.7)
Investment securities:
Available for sale, at fair value	220,358		181,720		187,679		179,148		149,212		21.3		47.7
Held to maturity, net of allowance for credit losses	414,827		433,440		459,246		469,572		481,077		(4.3)		(13.8)
Equity securities, at fair value	6,186		6,113		6,010		5,945		5,814		1.2		6.4
Restricted securities, at cost	17,989		20,364		20,412		20,411		20,253		(11.7)		(11.2)
Loans held for sale, at fair value	32,540		21,500		34,319		15,717		19,606		51.3		66.0
Loans held for investment	4,900,302		4,882,969		4,827,628		4,777,489		4,771,988		0.4		2.7
Less: allowance for credit losses	(58,836)		(59,554)		(58,483)		(58,042)		(57,910)		(1.2)		1.6
Loans, net	4,841,466		4,823,415		4,769,145		4,719,447		4,714,078		0.4		2.7

Premises and equipment, net	80,168		80,812		81,426		81,692		81,806		(0.8)		(2.0)
Goodwill	63,266		63,266		63,266		63,266		63,266		—		—
Other intangible assets, net	29,722		31,722		33,761		36,033		38,311		(6.3)		(22.4)
Right-of-use assets	10,523		10,896		11,052		11,709		11,385		(3.4)		(7.6)
Cash surrender value on life insurance	105,839		105,055		105,860		105,040		104,421		0.7		1.4
Accrued interest receivable	18,551		20,408		19,821		20,555		19,570		(9.1)		(5.2)
Deferred income taxes	29,825		30,328		30,972		31,428		31,857		(1.7)		(6.4)
Other assets	31,992		32,927		29,921		27,594		30,256		(2.8)		5.7
TOTAL ASSETS	$	6,258,818	$	6,278,479	$	6,037,874	$	6,176,563	$	6,230,763	(0.3)		0.5


											December 31, 2025		December 31, 2025
											compared to		compared to
($ in thousands, except per share data)	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2025		December 31, 2024
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
LIABILITIES
Deposits:
Noninterest-bearing	$	1,587,953	$	1,594,212	$	1,575,120	$	1,565,017	$	1,562,815	(0.4)	%	1.6	%
Interest-bearing checking	852,585		851,963		763,309		852,480		978,076		0.1		(12.8)
Money market and savings	1,814,928		1,790,001		1,691,438		1,800,529		1,805,884		1.4		0.5
Time deposits	1,267,487		1,281,132		1,273,285		1,242,319		1,181,561		(1.1)		7.3
Brokered deposits	10,911		10,857		10,806		—		—		0.5
Total deposits	5,533,864		5,528,165		5,313,958		5,460,345		5,528,336		0.1		0.1

FHLB advances	—		50,000		50,000		50,000		50,000		(100.0)		(100.0)
Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net	30,168		30,085		30,005		29,926		29,847		0.3		1.1
Subordinated debt, net	58,893		44,409		44,236		44,053		43,870		32.6		34.2
Total borrowings	89,061		124,494		124,241		123,979		123,717		(28.5)		(28.0)
Lease liabilities	11,027		11,395		11,541		12,183		11,844		(3.2)		(6.9)
Other liabilities	34,993		37,218		22,940		27,586		25,800		(6.0)		35.6
TOTAL LIABILITIES	5,668,945		5,701,272		5,472,680		5,624,093		5,689,697		(0.6)		(0.4)
STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value per share	334		334		334		333		333		—		0.3
Additional paid-in capital	360,554		359,939		359,063		358,572		358,112		0.2		0.7
Retained earnings	233,578		221,693		211,400		199,898		190,166		5.4		22.8
Accumulated other comprehensive loss	(4,593)		(4,759)		(5,603)		(6,333)		(7,545)		(3.5)		(39.1)
TOTAL STOCKHOLDERS’ EQUITY	589,873		577,207		565,194		552,470		541,066		2.2		9.0
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	6,258,818	$	6,278,479	$	6,037,874	$	6,176,563	$	6,230,763	(0.3)		0.5

Shares of common stock issued and outstanding	33,413,503		33,421,672		33,374,265		33,374,265		33,332,177		0.0		0.2
Book value per common share	$	17.65	$	17.27	$	16.94	$	16.55	$	16.23	2.2		8.7


											Q4 2025 vs.		Q4 2025 vs.		Year Ended December 31,
($ in thousands, except per share data)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024		Q3 2025		Q4 2024		2025		2024		% Change
	(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)						(unaudited)
INTEREST INCOME
Interest and fees on loans	$	72,331	$	70,930	$	69,695	$	67,647	$	67,428	2.0	%	7.3	%	$	280,604	$	269,631	4.1	%
Interest and dividends on taxable investment securities	5,010		5,036		5,331		5,001		4,833		(0.5)		3.7		20,378		19,444		4.8
Interest and dividends on tax-exempt investment securities	6		6		6		6		6		—		—		24		24		—

Interest on deposits with other banks	2,810		1,215		1,588		3,409		4,137		131.3		(32.1)		9,022		6,239		44.6
Total interest income	80,157		77,187		76,620		76,063		76,404		3.8		4.9		310,028		295,338		5.0

INTEREST EXPENSE
Interest on deposits	27,289		26,474		27,369		28,070		30,363		3.1		(10.1)		109,203		115,301		(5.3)
Interest on short-term borrowings	246		640		605		598		—		(61.6)		—		2,089		2,131		(2.0)
Interest on long-term borrowings	2,181		1,418		1,394		1,366		2,030		53.8		7.4		6,359		7,357		(13.6)
Total interest expense	29,716		28,532		29,368		30,034		32,393		4.1		(8.3)		117,651		124,789		(5.7)

NET INTEREST INCOME	50,441		48,655		47,252		46,029		44,011		3.7		14.6		192,377		170,549		12.8
Provision for credit losses	2,827		2,992		1,528		1,028		780		(5.5)		262.4		8,375		4,738		76.8
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	47,614		45,663		45,724		45,001		43,231		4.3		10.1		184,002		165,811		11.0

NONINTEREST INCOME
Service charges on deposit accounts	1,663		1,599		1,519		1,514		1,606		4.0		3.5		6,295		6,149		2.4
Trust and investment fee income	1,042		898		942		823		857		16.0		21.6		3,705		3,367		10.0

Mortgage banking revenue	1,181		1,278		2,379		1,240		2,026		(7.6)		(41.7)		6,078		5,987		1.5
Interchange credits	1,862		1,858		1,788		1,577		1,726		0.2		7.9		7,085		6,741		5.1
Other noninterest income	2,919		2,068		2,690		1,849		2,638		41.2		10.7		9,525		8,903		7.0
Total noninterest income	$	8,667	$	7,701	$	9,318	$	7,003	$	8,853	12.5		(2.1)		$	32,688	$	31,147	4.9


											Q4 2025 vs.		Q4 2025 vs.		Year Ended December 31,
($ in thousands, except per share data)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024		Q3 2025		Q4 2024		2025		2024		% Change
	(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)						(unaudited)
NONINTEREST EXPENSE
Salaries and employee benefits	$	18,582	$	18,642	$	17,742	$	16,440	$	17,209	(0.3)	%	8.0	%	$	71,406	$	66,579	7.3	%
Occupancy expense	2,461		2,406		2,472		2,538		2,474		2.3		(0.5)		9,877		9,706		1.8
Furniture and equipment expense	792		892		796		853		760		(11.2)		4.2		3,334		3,441		(3.1)
Software and data processing	5,197		5,155		4,819		4,691		4,512		0.8		15.2		19,862		17,508		13.4
Amortization of other intangible assets	2,000		2,039		2,272		2,278		2,298		(1.9)		(13.0)		8,589		9,779		(12.2)
Legal and professional fees	1,237		989		1,225		1,613		1,521		25.1		(18.7)		5,064		5,836		(13.2)
FDIC insurance premium expense	845		794		1,023		1,091		1,013		6.4		(16.6)		3,753		4,413		(15.0)
Marketing and advertising	367		315		384		254		291		16.5		26.1		1,320		1,319		0.1
Fraud losses	227		45		83		105		98		404.4		131.6		460		4,998		(90.8)

Other noninterest expense	3,791		3,102		3,594		3,884		3,767		22.2		0.6		14,370		14,675		(2.1)
Total noninterest expense	35,499		34,379		34,410		33,747		33,943		3.3		4.6		138,035		138,254		(0.2)

Income before income taxes	20,782		18,985		20,632		18,257		18,141		9.5		14.6		78,655		58,704		34.0
Income tax expense	4,895		4,637		5,125		4,493		4,859		5.6		0.7		19,149		14,815		29.3
NET INCOME	$	15,887	$	14,348	$	15,507	$	13,764	$	13,282	10.7		19.6		$	59,506	$	43,889	35.6

Weighted average shares outstanding – basic	33,426,198		33,419,291		33,374,265		33,350,869		33,327,243		—	%	0.3	%	33,392,817		33,267,328		0.4	%
Weighted average shares outstanding – diluted	33,446,103		33,435,862		33,388,013		33,375,318		33,363,612		0.0	%	0.2	%	33,407,155		33,285,156		0.4	%

Basic net income per common share	$	0.48	$	0.43	$	0.46	$	0.41	$	0.40	11.6	%	20.0	%	$	1.78	$	1.32	34.8	%
Diluted net income per common share	$	0.48	$	0.43	$	0.46	$	0.41	$	0.40	11.6	%	20.0	%	$	1.78	$	1.32	34.8	%

Dividends paid per common share	$	0.12	$	0.12	$	0.12	$	0.12	$	0.12	—	%	—	%	$	0.48	$	0.48	—	%


	Three Months Ended
	December 31, 2025						September 30, 2025						December 31, 2024
($ in thousands)	Average Balance		Interest		Yield/Rate		Average Balance		Interest		Yield/Rate		Average Balance		Interest		Yield/Rate
Earning assets
Loans(1), (2), (3)
Commercial real estate	$	2,624,581	$	38,928	5.88	%	$	2,615,409	$	38,077	5.78	%	$	2,551,903	$	36,036	5.62	%
Residential real estate	1,442,055		19,548		5.42		1,407,076		19,711		5.60		1,358,066		18,142		5.34
Construction	343,796		5,740		6.62		347,574		5,848		6.68		336,094		5,304		6.28
Commercial	219,874		4,337		7.83		219,002		3,380		6.12		229,676		3,792		6.57
Consumer	274,715		3,726		5.38		289,729		3,877		5.31		313,686		4,080		5.17
Credit cards	4,598		142		12.25		5,213		118		8.98		6,820		154		8.98
Total loans	4,909,619		72,421		5.85		4,884,003		71,011		5.77		4,796,245		67,508		5.60

Investment securities
Taxable	652,990		5,010		3.07		663,884		5,036		3.03		654,955		4,833		2.95
Tax-exempt(1)	649		8		4.93		651		8		4.92		655		8		4.89

Interest-bearing deposits	280,558		2,810		3.97		110,443		1,215		4.36		346,599		4,137		4.75
Total earning assets	5,843,816		80,249		5.45		5,658,981		77,270		5.42		5,798,454		76,486		5.25
Cash and due from banks	51,611						49,405						43,444
Other assets	371,205						370,952						380,321
Allowance for credit losses	(59,879)						(58,764)						(58,722)
Total assets	$	6,206,753					$	6,020,574					$	6,163,497


	Three Months Ended
	December 31, 2025						September 30, 2025						December 31, 2024
($ in thousands)	Average Balance		Interest		Yield/Rate		Average Balance		Interest		Yield/Rate		Average Balance		Interest		Yield/Rate





















Interest-bearing liabilities
Interest-bearing checking	$	768,769	$	5,386	2.78	%	$	689,906	$	5,157	2.97	%	$	901,764	$	7,898	3.48	%
Money market and savings deposits	1,784,972		9,373		2.08		1,714,161		9,277		2.15		1,733,934		10,331		2.37
Time deposits	1,277,732		12,425		3.86		1,277,403		11,935		3.71		1,232,480		12,134		3.92
Brokered deposits	10,942		105		3.81		10,891		105		3.82		—		—		—
Interest-bearing deposits(4)	3,842,415		27,289		2.82		3,692,361		26,474		2.84		3,868,178		30,363		3.12

FHLB advances	20,108		246		4.85		52,391		640		4.85		50,000		618		4.92
Subordinated debt and guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”)(4)	104,752		2,181		8.26		74,363		1,418		7.57		73,578		1,412		7.63
Total interest-bearing liabilities	3,967,275		29,716		2.97		3,819,115		28,532		2.96		3,991,756		32,393		3.23
Noninterest-bearing deposits	1,609,667						1,587,891						1,593,405
Accrued expenses and other liabilities	45,602						42,321						40,152
Stockholders’ equity	584,209						571,247						538,184
Total liabilities and stockholders’ equity	$	6,206,753					$	6,020,574					$	6,163,497

Net interest spread					2.48	%					2.46	%					2.02	%
Net interest margin					3.43						3.42						3.03
Net interest margin excluding accretion(3)					3.24						3.22						2.85
Cost of funds					2.11						2.09						2.31
Cost of deposits					1.99						1.99						2.21
Cost of debt					7.71						6.44						6.54


	Year Ended December 31,
	2025						2024
($ in thousands)	Average Balance		Interest		Yield/Rate		Average Balance		Interest		Yield/Rate
Earning assets
Loans(1), (2), (3)
Commercial real estate	$	2,588,913	$	150,171	5.80	%	$	2,528,961	$	144,155	5.70	%
Residential real estate	1,394,073		76,708		5.50		1,318,500		72,636		5.51
Construction	349,097		22,809		6.53		322,978		19,917		6.17
Commercial	223,949		15,081		6.73		220,699		15,625		7.08
Consumer	291,789		15,697		5.38		324,633		16,923		5.21
Credit cards	5,648		467		8.27		7,444		694		9.32
Total loans	4,853,469		280,933		5.79		4,723,215		269,950		5.72

Investment securities
Taxable	665,940		20,378		3.06		667,622		19,444		2.91
Tax-exempt(1)	651		30		4.61		657		30		4.57

Interest-bearing deposits	211,859		9,022		4.26		129,410		6,239		4.82
Total earning assets	5,731,919		310,363		5.41		5,520,904		295,663		5.36
Cash and due from banks	48,725						46,264
Other assets	372,846						387,852
Allowance for credit losses	(58,831)						(58,089)
Total assets	$	6,094,659					$	5,896,931


	Year Ended December 31,
	2025						2024
($ in thousands)	Average Balance		Interest		Yield/Rate		Average Balance		Interest		Yield/Rate





















Interest-bearing liabilities
Interest-bearing checking	$	759,395	$	23,265	3.06	%	$	825,773	$	25,523	3.09	%
Money market and savings deposits	1,761,503		38,245		2.17		1,690,905		41,202		2.44
Time deposits	1,255,797		47,391		3.77		1,205,411		48,566		4.03
Brokered deposits	7,927		302		3.81		12,636		10		0.08
Interest-bearing deposits(4)	3,784,622		109,203		2.89		3,734,725		115,301		3.09

FHLB advances	43,068		2,089		4.85		70,298		3,720		5.29
Subordinated debt and Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”)(4)	81,828		6,359		7.77		72,907		5,768		7.91
Total interest-bearing liabilities	3,909,518		117,651		3.01		3,877,930		124,789		3.22
Noninterest-bearing deposits	1,577,271						1,454,087
Accrued expenses and other liabilities	42,291						39,172
Stockholders’ equity	565,579						525,742
Total liabilities and stockholders’ equity	$	6,094,659					$	5,896,931

Net interest spread					2.40	%					2.14	%
Net interest margin					3.36						3.10
Net interest margin excluding accretion(3)					3.15						2.83
Cost of funds					2.14						2.34
Cost of deposits					2.04						2.22
Cost of debt					6.76						6.63


	Quarter to Date															Year to Date
($ in thousands, except per share data)	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024			12/31/2025			12/31/2024
The following reconciles return on average assets, average equity and return on average tangible common equity(1):
Net income	$	15,887		$	14,348		$	15,507		$	13,764		$	13,282		$	59,506		$	43,889
Annualized net income (A)	$	63,030		$	56,924		$	62,198		$	55,821		$	52,839		$	59,506		$	43,889

Net income	$	15,887		$	14,348		$	15,507		$	13,764		$	13,282		$	59,506		$	43,889
Add: amortization of other intangible assets, net of tax	1,529			1,541			1,708			1,717			1,683			6,498			7,311
Net income excluding amortization of other intangible assets – non-GAAP	17,416			15,889			17,215			15,481			14,965			66,004			51,200
Annualized net income excluding amortization of other intangible assets – non-GAAP (B)	$	69,096		$	63,038		$	69,049		$	62,784		$	59,535		$	66,004		$	51,200

Net income	$	15,887		$	14,348		$	15,507		$	13,764		$	13,282		$	59,506		$	43,889
Add: amortization of other intangible assets, net of tax	1,529			1,541			1,708			1,717			1,683			6,498			7,311

Add: credit card fraud losses, net of tax	—			—			—			—			—			—			3,484
Less: sale and fair value of held for sale assets, net of tax	—			—			—			—			(329)			—			(336)
Adjusted net income – non-GAAP	17,416			15,889			17,215			15,481			14,636			66,004			54,348
Annualized adjusted net income – non-GAAP (C)	$	69,096		$	63,038		$	69,049		$	62,784		$	58,226		$	66,004		$	54,348

Net income	$	15,887		$	14,348		$	15,507		$	13,764		$	13,282		$	59,506		$	43,889
Less: income tax expense	4,895			4,637			5,125			4,493			4,859			19,149			14,815
Less: provision for credit losses	2,827			2,992			1,528			1,028			780			8,375			4,738
Pre-tax pre-provision net income – non GAAP	$	23,609		$	21,977		$	22,160		$	19,285		$	18,921		$	87,030		$	63,442

Return on average assets – GAAP	1.02		%	0.95		%	1.03		%	0.91		%	0.86		%	0.98		%	0.74		%
Adjusted return on average assets – non-GAAP	1.11		%	1.05		%	1.15		%	1.02		%	0.94		%	1.08		%	0.92		%

Average assets	$	6,206,753		$	6,020,574		$	6,021,385		$	6,129,241		$	6,163,497		$	6,094,659		$	5,896,931

Average stockholders’ equity (D)	$	584,209		$	571,247		$	558,952		$	547,443		$	538,184		$	565,579		$	525,742
Less: average goodwill and core deposit intangible	(94,059)			(96,074)			(98,241)			(100,514)			(102,794)			(97,201)			(106,409)
Average tangible common equity (E)	$	490,150		$	475,173		$	460,711		$	446,929		$	435,390		$	468,378		$	419,333

Return on average common equity – GAAP (A)/(D)	10.79		%	9.96		%	11.13		%	10.20		%	9.82		%	10.52		%	8.35		%
Return on average tangible common equity – non-GAAP (B)/(E)	14.10		%	13.27		%	14.99		%	14.05		%	13.67		%	14.09		%	12.21		%
Adjusted return on average tangible common equity – non-GAAP (C)/(E)	14.10		%	13.27		%	14.99		%	14.05		%	13.37		%	14.09		%	12.96		%


	Quarter to Date															Year to Date
($ in thousands, except per share data)	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024			12/31/2025			12/31/2024
The following reconciles GAAP efficiency ratio and non-GAAP efficiency ratio(2):
Noninterest expense (F)	$	35,499		$	34,379		$	34,410		$	33,747		$	33,943		$	138,035		$	138,254
Less: amortization of other intangible assets	(2,000)			(2,039)			(2,272)			(2,278)			(2,298)			(8,589)			(9,779)

Less: credit card fraud losses	—			—			—			—			—			—			(4,660)
Adjusted noninterest expense (G)	$	33,499		$	32,340		$	32,138		$	31,469		$	31,645		$	129,446		$	123,815

Net interest income (H)	$	50,441		$	48,655		$	47,252		$	46,029		$	44,011		$	192,377		$	170,549
Add: taxable-equivalent adjustment	92			83			81			81			82			335			325
Taxable-equivalent net interest income (I)	$	50,533		$	48,738		$	47,333		$	46,110		$	44,093		$	192,712		$	170,874

Noninterest income (J)	$	8,667		$	7,701		$	9,318		$	7,003		$	8,853		$	32,688		$	31,147


Less: Sale and fair value of held for sale assets	—			—			—			—			(450)			—			(450)
Adjusted noninterest income (K)	$	8,667		$	7,701		$	9,318		$	7,003		$	8,403		$	32,688		$	30,697

Efficiency ratio – GAAP (F)/(H)+(J)	60.06		%	61.00		%	60.83		%	63.64		%	64.21		%	61.33		%	68.55		%
Adjusted efficiency ratio – non-GAAP (G)/(I)+(K)	56.59		%	57.30		%	56.73		%	59.25		%	60.28		%	57.43		%	61.43		%

Net operating expense to average assets – GAAP	1.72		%	1.76		%	1.67		%	1.77		%	1.62		%	1.73		%	1.82		%
Adjusted net operating expense to average assets – non-GAAP	1.59		%	1.62		%	1.52		%	1.62		%	1.50		%	1.59		%	1.58		%


($ in thousands, except per share data)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024

The following reconciles book value per common share and tangible book value per common share(1):
Stockholders’ equity (L)	$	589,873	$	577,207	$	565,194	$	552,470	$	541,066
Less: goodwill and core deposit intangible	(92,988)		(94,988)		(97,027)		(99,299)		(101,577)
Tangible common equity (M)	$	496,885	$	482,219	$	468,167	$	453,171	$	439,489

Shares of common stock outstanding (N)	33,413,503		33,421,672		33,374,265		33,374,265		33,332,177

Book value per common share – GAAP (L)/(N)	$	17.65	$	17.27	$	16.94	$	16.55	$	16.23
Tangible book value per common share – non-GAAP (M)/(N)	$	14.87	$	14.43	$	14.03	$	13.58	$	13.19

The following reconciles equity to assets and tangible common equity to tangible assets(1):
Stockholders’ equity (O)	$	589,873	$	577,207	$	565,194	$	552,470	$	541,066
Less: goodwill and core deposit intangible	(92,988)		(94,988)		(97,027)		(99,299)		(101,577)
Tangible common equity (P)	$	496,885	$	482,219	$	468,167	$	453,171	$	439,489

Assets (Q)	$	6,258,818	$	6,278,479	$	6,037,874	$	6,176,563	$	6,230,763
Less: goodwill and core deposit intangible	(92,988)		(94,988)		(97,027)		(99,299)		(101,577)
Tangible assets (R)	$	6,165,830	$	6,183,491	$	5,940,847	$	6,077,264	$	6,129,186

Period-end equity to assets – GAAP (O)/(Q)	9.42%		9.19%		9.36%		8.94%		8.68%
Period-end tangible common equity to tangible assets – non-GAAP (P)/(R)	8.06%		7.80%		7.88%		7.46%		7.17%


Regulatory Capital and Ratios for the Company
($ in thousands)	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
Common equity	$	589,873		$	577,207		$	565,194		$	552,470		$	541,066
Goodwill(1)	(61,123)			(61,176)			(61,238)			(61,300)			(61,362)
Core deposit intangible(2)	(22,566)			(24,041)			(25,573)			(27,280)			(28,991)
DTAs that arise from net operating loss and tax credit carryforwards	(48)			(40)			(39)			—			—
Accumulated other comprehensive loss	4,593			4,759			5,603			6,333			7,545
Common Equity Tier 1 Capital	510,729			496,709			483,947			470,223			458,258
TRUPS	30,168			30,085			30,005			29,926			29,847
Tier 1 Capital	540,897			526,794			513,952			500,149			488,105
Allowable reserve for credit losses and other Tier 2 adjustments	60,661			60,852			60,605			59,726			59,253
Subordinated debt	58,893			39,409			44,236			44,053			43,870
Total Capital	$	660,451		$	627,055		$	618,793		$	603,928		$	591,228

Risk-Weighted Assets (“RWA”)	$	4,852,573		$	4,867,237		$	4,890,679		$	4,823,833		$	4,852,564
Average Assets (“AA”)	6,129,306			5,942,911			5,943,124			6,050,310			6,083,760

Common Equity Tier 1 Capital to RWA	10.52		%	10.21		%	9.90		%	9.75		%	9.44		%
Tier 1 Capital to RWA	11.15			10.82			10.51			10.37			10.06
Total Capital to RWA	13.61			12.88			12.65			12.52			12.18
Tier 1 Capital to AA (Leverage)	8.82			8.86			8.65			8.27			8.02


Regulatory Capital and Ratios for the Bank
($ in thousands)	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024
Common equity	$	648,279	$	639,670	$	627,838	$	617,071	$	604,261
Goodwill(1)	(61,123)		(61,176)		(61,238)		(61,300)		(61,362)
Core deposit intangible(2)	(22,566)		(24,041)		(25,573)		(27,280)		(28,991)

Accumulated other comprehensive loss	4,593		4,759		5,603		6,333		7,545
Common Equity Tier 1 Capital	569,183		559,212		546,630		534,824		521,453

Tier 1 Capital	569,183		559,212		546,630		534,824		521,453
Allowable reserve for credit losses and other Tier 2 adjustments	60,563		60,822		60,605		59,726		59,253

Total Capital	$	629,746	$	620,034	$	607,235	$	594,550	$	580,706

Risk-Weighted Assets (“RWA”)	$	4,844,639	$	4,864,871	$	4,888,558	$	4,821,975	$	4,851,903
Average Assets (“AA”)	6,122,775		5,939,890		5,940,411		6,050,130		6,077,540


($ in thousands)	December 31, 2025		% of Total Loans		September 30, 2025		% of Total Loans		June 30, 2025		% of Total Loans		March 31, 2025		% of Total Loans		December 31, 2024		% of Total Loans
Commercial real estate	$	2,643,996	53.95	%	$	2,642,601	54.12	%	$	2,603,974	53.95	%	$	2,544,107	53.25	%	$	2,557,806	53.60	%
Residential real estate	1,414,964		28.88		1,383,348		28.33		1,349,010		27.94		1,325,858		27.75		1,329,406		27.85
Construction	344,903		7.04		352,116		7.21		350,053		7.25		366,218		7.67		335,999		7.04
Commercial	226,006		4.61		221,598		4.54		224,092		4.64		234,499		4.91		237,932		4.99
Consumer	265,912		5.43		278,242		5.70		294,239		6.09		300,007		6.28		303,746		6.37
Credit cards	4,521		0.09		5,064		0.10		6,260		0.13		6,800		0.14		7,099		0.15
Total loans	4,900,302		100.00	%	4,882,969		100.00	%	4,827,628		100.00	%	4,777,489		100.00	%	4,771,988		100.00	%
Less: allowance for credit losses	(58,836)				(59,554)				(58,483)				(58,042)				(57,910)
Total loans, net	$	4,841,466			$	4,823,415			$	4,769,145			$	4,719,447			$	4,714,078


($ in thousands)	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024

Classified loans
Substandard	$	57,366		$	48,470		$	19,930		$	19,434		$	24,679
Total classified loans	57,366			48,470			19,930			19,434			24,679
Special mention loans	73,401			70,997			65,564			33,456			33,519
Total classified and special mention loans	$	130,767		$	119,467		$	85,494		$	52,890		$	58,198

Classified loans	$	57,366		$	48,470		$	19,930		$	19,434		$	24,679
Other real estate owned	113			120			179			179			179
Repossessed assets	2,879			3,432			2,457			2,429			3,315
Total classified assets	$	60,358		$	52,022		$	22,566		$	22,042		$	28,173

Classified assets to total assets	0.96		%	0.83		%	0.37		%	0.36		%	0.45		%

Nonaccrual loans	$	39,960		$	24,378		$	16,782		$	15,402		$	21,008
90+ days delinquent accruing	255			153			215			894			294
Other real estate owned (“OREO”)	113			120			179			179			179
Repossessed property	2,879			3,432			2,457			2,429			3,315
Total nonperforming assets	$	43,207		$	28,083		$	19,633		$	18,904		$	24,796
Accruing borrowers experiencing financial difficulty loans (“BEFD”)	5,311			6,704			6,709			1,356			1,662
Total nonperforming assets and BEFDs modifications	$	48,518		$	34,787		$	26,342		$	20,260		$	26,458

Nonperforming assets to total assets	0.69		%	0.45		%	0.33		%	0.31		%	0.40		%

Total assets	$	6,258,818		$	6,278,479		$	6,037,874		$	6,176,563		$	6,230,763


LTV Range ($ in thousands)	Loan Count	Loan Balance		% of Office CRE
Less than or equal to 50%	244	$	170,536	35.0	%
Greater than 50% and less than or equal to 60%	73	114,510		23.6
Greater than 60% and less than or equal to 70%	92	149,203		30.7
Greater than 70% and less than or equal to 80%	58	42,608		8.8
Greater than 80%	14	9,083		1.9
Total	481	$	485,940	100.0	%