What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-15 compared with 2025-11-14 · 102 added, 220 removed, 742 unchanged (30% of the section changed)

3 unchanged sentences

and Subsidiary

September 30,

Consolidated Balance Sheets

34 unchanged sentences

Shareholders' Equity

Preferred stock, 1,000,000 shares authorized, 15 shares issued and outstanding at 09/30/25 and 12/31/24 ($ 100,000 liquidation value, per share)

Common stock - $ 2.50 par value;

15,000,000 shares authorized, 5,867,045 shares issued at 09/30/25 and 5,809,035 shares issued at 12/31/24

15,000,000 shares authorized, 5,896,981

shares issued at 03/31/26 and 5,882,266 shares issued at 12/31/25

Additional paid-in capital

4 unchanged sentences

treasury stock, at cost;

247,554 shares at 09/30/25 and 210,101 shares at 12/31/24

300,409 shares at 03/31/26 and 299,339 shares

( 4,532,652 )

8 unchanged sentences

and Subsidiary

Three Months Ended

September 30,

Consolidated Statements of Income

Interest income

Interest and fees on loans

Interest on taxable debt securities

Interest on tax-exempt debt securities

Interest on federal funds sold and overnight deposits

Total interest income

Interest expense

Interest on deposits

Interest on borrowed funds

Interest on repurchase agreements

Interest on junior subordinated debentures

Total interest expense

Net interest income

Credit loss expense

Net interest income after credit loss expense

Non-interest income

Income from sold loans

Other income from loans

Total non-interest income

Non-interest expense

Salaries and wages

Employee benefits

Occupancy expenses, net

Other expenses

Total non-interest expense

Income before income taxes

Income tax expense

Earnings per common share

Weighted average number of common shares used in computing earnings per share

Dividends declared per common share

The accompanying notes are an integral part of these unaudited interim consolidated financial statements .

Community Bancorp.

and Subsidiary

Nine Months Ended

September 30,

Three Months Ended March 31

Consolidated Statements of Income

17 unchanged sentences

Other income from loans

Income from investment in CFS Partners

Total non-interest income

8 unchanged sentences

Earnings per common share

Weighted average number of common shares used in computing earnings per share

Weighted average number of common shares

used in computing earnings per share

Dividends declared per common share

3 unchanged sentences

Consolidated Statements of Comprehensive Income

Three Months Ended

September 30,

Three Months Ended March 31

Other comprehensive income

Unrealized holding gain on securities AFS arising during the period

( 1,291,573 )

Other comprehensive income, net of tax

Total comprehensive income

Nine Months Ended

September 30,

Other comprehensive income, net of tax:

Unrealized holding gain on securities AFS arising during the period

( 1,394,055 )

Other comprehensive income, net of tax

Unrealized (loss) gain on securities AFS arising during the period

Other comprehensive (loss) income, net of tax

Total comprehensive income

3 unchanged sentences

Consolidated Statements of Changes in Shareholders' Equity

Nine Months Ended September 30, 2025

Three Months Ended March 31, 2026

shareholders'

2 unchanged sentences

($ 4,506,019 )

Issuance of common stock

Cash dividends declared

$ 113,686,978

( 1,343,515 )

Preferred stock

Shares purchased through stock buyback plan

Comprehensive income

Other comprehensive income

March 31, 2025

$ ( 13,401,970 )

$ ( 2,658,157 )

$ 102,905,030

Issuance of common stock

2 unchanged sentences

( 1,393,291 )

Preferred stock

Shares purchased through stock buyback plan

Comprehensive income

Other comprehensive income

June 30, 2025

$ ( 12,487,842 )

$ ( 3,170,995 )

$ 106,343,407

Issuance of common stock

Cash dividends declared

( 1,337,004 )

Preferred stock

Shares purchased through stock buyback plan

Comprehensive income

Other comprehensive income

September 30, 2025

Other comprehensive loss

March 31, 2026

($ 9,775,269 )

1 unchanged sentence

$ 116,842,750

*Accumulated other comprehensive loss

Community Bancorp.

1 unchanged sentence

Consolidated Statements of Changes in Shareholders' Equity

Nine Months Ended September 30, 2024

Three Months Ended March 31, 2025

shareholders'

7 unchanged sentences

Preferred stock

Comprehensive income

Other comprehensive loss

( 1,508,008 )

March 31, 2024

$ ( 17,439,603 )

$ ( 2,622,777 )

Issuance of common stock

Cash dividends declared

( 1,273,008 )

Preferred stock

Shares purchased through stock buyback plan

Comprehensive income

Other comprehensive income

June 30, 2024

$ ( 17,279,553 )

$ ( 2,622,777 )

Issuance of common stock

Cash dividends declared

( 1,278,030 )

March 31, 2025

($ 13,401,970 )

Preferred stock

Comprehensive income

Other comprehensive income

September 30, 2024

($ 2,658,157 )

5 unchanged sentences

Consolidated Statements of Cash Flows

Nine Months Ended

September 30,

Three Months Ended March 31

Cash Flows from Operating Activities:

2 unchanged sentences

Credit loss expense

Deferred income tax (benefit) provision

Deferred income tax benefit

Gain on sale of loans

Loss (gain) on sale of bank premises and equipment

(Gain) loss on sale of bank premises and equipment

Gain on sale of OREO

Income from CFS Partners

( 1,388,678 )

Amortization of bond premium, net

1 unchanged sentence

Originations of loans held for sale

( 4,913,308 )

Increase in taxes payable

Increase in interest receivable

( 1,003,374 )

Increase (decrease) in taxes payable

Decrease (increase) in interest receivable

Decrease in mortgage servicing rights

Decrease in right-of-use assets

Increase (decrease) in operating lease liabilities

Decrease (increase) in other assets

Decrease in operating lease liabilities

Decrease in other assets

Increase in cash surrender value of BOLI

1 unchanged sentence

Change in net deferred loan fees and costs

(Decrease) increase in interest payable

Increase (decrease) in interest payable

( 1,915,911 )

Decrease in accrued expenses

Decrease in other liabilities

(Decrease) increase in other liabilities

Net cash provided by operating activities

2 unchanged sentences

Maturities, calls, pay downs and sales

( 14,971,773 )

Proceeds from redemption of restricted equity securities

Purchases of restricted equity securities

( 3,174,900 )

( 5,301,300 )

Investments in limited liability entities

Increase in loans, net

1 unchanged sentence

( 12,400,654 )

Capital expenditures net of proceeds from sales of bank premises and equipment

( 1,206,710 )

Capital expenditures net of proceeds from sales of bank

premises and equipment

Proceeds from sales of OREO

Recoveries of loans charged off

5 unchanged sentences

( 28,095,087 )

( 18,117,210 )

Net decrease in money market and savings accounts

5 unchanged sentences

( 4,511,453 )

Net (decrease) increase in short-term borrowings

Net decrease in short-term borrowings

( 41,500,000 )

5 unchanged sentences

( 1,019,578 )

Net cash used in financing activities

( 55,418,960 )

Net cash (used in) provided by financing activities

( 64,095,178 )

Net (decrease) increase in cash and cash equivalents

Net decrease in cash and cash equivalents

( 63,462,662 )

( 82,128,480 )

Cash and cash equivalents:

Supplemental Schedule of Cash Paid During the Period:

Income taxes, net of refunds

Supplemental Schedule of Noncash Investing and Financing Activities:

Change in unrealized gain on securities AFS

Loans transferred to OREO

Change in unrealized (loss) gain on securities AFS

Additions to operating lease liabilities

4 unchanged sentences

Dividends reinvested

( 1,068,890 )

( 1,058,472 )

Total dividends paid

91 unchanged sentences

Earnings per common share amounts are computed based on the weighted average number of shares of common stock issued during the period (retroactively adjusted for stock splits and stock dividends, if any), including Dividend Reinvestment Plan shares issuable upon reinvestment of dividends declared, and reduced for shares held in treasury.

The following tables illustrate the calculation of earnings per common share for the periods presented, as adjusted for the cash dividends declared on the preferred stock:

Three Months Ended September 30,

Net income, as reported

dividends to preferred shareholders

Net income available to common shareholders

Weighted average number of common shares used in calculating earnings per share

Earnings per common share

Nine Months Ended September 30,

The following tables illustrate the calculation of earnings per common share for the periods presented, as adjusted for the cash dividends declared on the preferred stock that was outstanding during the first quarter of 2025:

Three Months Ended March 31

Net income, as reported

1 unchanged sentence

Net income available to common shareholders

Weighted average number of common shares used in calculating earnings per share

Weighted average number of common shares

used in calculating earnings per share

Earnings per common share

1 unchanged sentence

Debt securities AFS as of the balance sheet dates consisted of the following:

September 30, 2025

March 31, 2026

GSE debt securities

$ 12,000,000 $ 0 $ 551,864 $ 11,448,136

Government securities

9,513,457 0 129,090 9,384,367

Taxable Municipal securities

300,000 0 36,986 263,014

Tax-exempt Municipal securities

10,697,807 52,743 566,939 10,183,611

114,966,030 233,518 11,291,824 103,907,724

1,496,844 0 71,364 1,425,480

688,003 0 6,983 681,020

Other investments

9 unchanged sentences

$ 144,528,758

The Company had investments in Agency MBS exceeding 10 % of shareholders’ equity with a book value of $ 124.6 million and $ 119.5 million, respectively, and a fair value of $ 113.0 million and $ 102.3 million, respectively, as of September 30, 2025 and December 31, 2024.

The Company had investments in Agency MBS exceeding 10 % of shareholders’ equity with a book value of $ 114.9 million and $ 118.1 million, respectively, and a fair value of $ 103.9 million and $ 107.3 million, respectively, as of March 31, 2026 and December 31, 2025.

Investment securities pledged as collateral for repurchase agreements consisted of certain U.S.

2 unchanged sentences

The aggregate amortized cost and fair value of these pledged investments as of the balance sheet dates were as follows:

September 30, 2025

December 31, 2024

Investment securities pledged as collateral for BTFP borrowings as of December 31, 2024, consisted of U.S.

Government securities and U.S.

GSE debt securities.

The aggregate amortized cost and fair value of these pledged investments were as follows:

March 31, 2026

December 31, 2025

There were no investment securities pledged as collateral for BTFP borrowings as of September 30, 2025, all of which matured and were repaid during the first quarter of 2025.

There were no sales of debt securities during the first nine months of 2025 or 2024.

There were no sales of debt securities during the first three months of 2026 or 2025.

The scheduled maturities of debt securities as of the balance sheet dates were as follows:

September 30, 2025

March 31, 2026

Due in one year or less

15 unchanged sentences

12 months or more

September 30, 2025

March 31, 2026

GSE debt securities

15 unchanged sentences

$ 117,173,599

As of September 30, 2025 and December 31, 2024, the Company did not have the intent to sell, nor was it more likely than not that we would be required to sell any of the debt securities AFS in an unrealized loss position as of such dates prior to recovery.

As of March 31, 2026 and December 31, 2025, the Company did not have the intent to sell, nor was it more likely than not that we would be required to sell, any of the debt securities AFS in an unrealized loss position as of such dates prior to recovery.

Management determined that no individual debt securities in an unrealized loss position represented credit losses that would require an allowance for credit losses, and that the unrealized losses as of the balance sheet dates were primarily attributed to increases in market interest rates since these securities were purchased under other market conditions.

Accordingly, there was no ACL on AFS debt securities as of September 30, 2025, or December 31, 2024.

Accrued interest receivable on AFS debt securities which totaled $ 436,867 and $ 509,429 on September 30, 2025, and December 31, 2024, respectively, was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses.

Accordingly, there was no ACL on AFS debt securities as of March 31, 2026, or December 31, 2025.

Accrued interest receivable on AFS debt securities which totaled $ 402,670 and $ 449,020 on March 31, 2026, and December 31, 2025, respectively, was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses.

Loans, Allowance for Credit Losses, Credit Quality and Off-Balance Sheet Credit Exposures

The composition of net loans as of the balance sheet dates was as follows:

September 30, 2025

The composition of net loans follows:

March 31, 2026

December 31, 2025

11 unchanged sentences

$ 955,207,283

As of September 30, 2025, purchased loans consisted of $ 3.2 million in commercial loans and $ 7.6 million in consumer loans, compared to $ 4.0 million and $ 3.8 million, respectively, as of December 31, 2024.

The Company purchased a block of consumer loans totaling $ 4.9 million during the quarter ended June 30, 2025, which is reflected in the September 30, 2025 Purchased loan total in the table above and the related consumer loan total in the footnote.

Accrued interest receivable on loans totaled $ 3.9 million and $ 3.8 million as of September 30, 2025, and December 31, 2024, respectively, and was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses.

Credit loss expense

Three Months Ended September 30,

Credit loss expense - loans

Credit loss expense - OBS credit exposure

As of March 31, 2026, purchased loans consisted of $ 2.8 million in commercial loans and $ 6.4 million in consumer loans, compared to $ 3.0 million and $ 7.0 million, respectively, as of December 31, 2025.

Accrued interest receivable on loans totaled $ 4.7 million and $ 3.9 million as of March 31, 2026, and December 31, 2025, respectively, and was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses.

Credit loss expense

Nine Months Ended September 30,

Three Months Ended March 31

Credit loss expense - loans

Credit (reversal) loss expense - OBS credit exposure

Credit loss reversal - OBS credit exposure

Credit loss expense

The following tables present the activity in the ACL on loans for the periods presented.

For the three months ended September 30, 2025

September 30,

Commercial & Industrial

Commercial Real Estate

Residential Real Estate - 1st Lien

Residential Real Estate - Jr Lien

For the nine months ended September 30, 2025

September 30,

For the three months ended March 31, 2026

Commercial & Industrial

2 unchanged sentences

Residential Real Estate - Jr Lien

$ ( 141,099 )

For the year ended December 31, 2025

5 unchanged sentences

$ ( 500,217 )

For the three months ended September 30, 2024

September 30,

Commercial & Industrial

$ ( 1,097,922 )

Commercial Real Estate

Residential Real Estate - 1st Lien

Residential Real Estate - Jr Lien

$ ( 1,224,434 )

For the nine months ended September 30, 2024

September 30,

For the three months ended March 31, 2025

Commercial & Industrial

$ ( 1,249,441 )

Commercial Real Estate

1 unchanged sentence

Residential Real Estate - Jr Lien

$ ( 1,454,855 )

Credit Quality Grouping

32 unchanged sentences

The risk ratings within the loan portfolio by loan segment and origination year, were as follows:

As of September 30, 2025

As of March 31, 2026

Term Loans Amortized Cost Basis by Origination Year

13 unchanged sentences

Substandard/Doubtful

As of September 30, 2025, there were (i) no Special mention loans or Substandard/Doubtful loans within the Purchased and Consumer loan segments, and (ii) no Substandard/Doubtful loans within the Municipal loan segment.

As of March 31, 2026, there were (i) no Special mention loans or Substandard/Doubtful loans within the Purchased and Consumer loan segments, and (ii) no Substandard/Doubtful loans within the Municipal loan segment.

As of December 31, 2025

7 unchanged sentences

Substandard/Doubtful

Special mention

Residential real estate - 1st lien:

2 unchanged sentences

Residential real estate - Jr lien:

Special mention

Substandard/Doubtful

As of December 31, 2024, there were (i) no Special mention loans within the Purchased, Municipal, Residential real estate Jr lien and Consumer loan segments, and (ii) no Substandard/Doubtful loans within the Purchased, Municipal and Consumer loan segments.

As of December 31, 2025, there were (i) no Substandard/Doubtful loans within the Municipal loan segment and (ii) no Special mention or Substandard/Doubtful loans within the Purchased or Consumer loan segments.

Gross charge-offs, by loan segment and origination year, were as follows:

For the nine months ended September 30, 2025

For the three months ended March 31, 2026

Term Loans Amortized Cost Basis by Origination Year

2 unchanged sentences

Commercial & Industrial

Residential real estate - 1st lien

Total current period gross charge-offs

For the nine months ended September 30, 2025, there were no current period charge-offs within the Purchased, Municipal, CRE and Residential real estate Jr lien loan segments.

For the three months ended March 31, 2026, there were no current period charge-offs within the Purchased, Commercial real estate, Municipal, Residential real estate 1 st lien, and Residential real estate Jr lien loan segments.

For the year ended December 31, 2025

Term Loans Amortized Cost Basis by Origination Year

Term Loans and Charge Offs by Origination Year

(Dollars in Thousands)

1 unchanged sentence

Commercial & Industrial

Commercial real estate

Residential real estate - 1st lien

Total current period gross charge-offs

For the year ended, December 31, 2024, there were no current period gross charge-offs within the Purchased, Municipal, Residential real estate 1 st lien and Residential real estate Jr lien loan segments.

For the year ended, December 31, 2025, there were no current period gross charge-offs within the Purchased, Commercial real estate, Municipal, or Residential real estate Jr lien loan segments.

The following table presents the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing as of the dates presented.

There were no nonaccrual loans with an ACL as of September 30, 2025, or December 31, 2024.

September 30, 2025

There were no nonaccrual loans with an ACL as of March 31, 2026, or December 31, 2025.

March 31, 2026

Commercial & industrial

8 unchanged sentences

The following is an age analysis of past due loans (including non-accrual) as of the balance sheet dates, by portfolio segment:

September 30, 2025

March 31, 2026

Commercial & industrial

16 unchanged sentences

For all loan segments, loans over 30 days past due are considered delinquent.

The following table presents the amortized cost basis of collateral-dependent loans (e.g.

The following table presents the amortized cost basis of collateral-dependent loans (i.e.

repayment expected through underlying collateral, no other expected sources of repayment) as of the balance sheet dates, by collateral type:

September 30, 2025

Residential real estate - 1st lien

March 31, 2026

Commercial real estate

December 31, 2025

Commercial real estate

Residential real estate - 1st lien

Residential real estate loans in process of foreclosure comprised one loan in the amount of $ 88,780 as of December 31, 2024.

There were no residential real estate loans in process of foreclosure as of September 30, 2025.

Residential real estate loans in process of foreclosure consisted of two loans in the amounts of $ 296,742 and $ 273,031 , as of March 31, 2026, and December 31, 2025, respectively.

Allowance for credit losses

18 unchanged sentences

The Company's PD and LGD assumptions may be derived from internal historical default and loss experience or from external data where there are not statistically meaningful loss events for a loan segment, or it does not have default and loss data that covers a full economic cycle.

As of September 30, 2025, the primary macroeconomic drivers used within the DCF model included forecasts of civilian unemployment and changes in national gross domestic product (GDP).

As of March 31, 2026, the primary macroeconomic drivers used within the DCF model included forecasts of civilian unemployment and changes in national gross domestic product (GDP).

Management monitors and assesses its macroeconomic drivers at least annually (generally in the fourth quarter, or more frequently as circumstances warrant) to determine whether they continue to be the most predictive indicator of losses within the Company's loan portfolio, and these macroeconomic drivers may change from time to time.

3 unchanged sentences

Management monitors and assesses the forecast and reversion period at least annually, or more frequently as circumstances warrant.

The Company used a one-year forecast and reversion period to calculate the ACL on loans as of September 30, 2025 and 2024.

The Company used a one-year forecast and reversion period to calculate the ACL on loans as of March 31, 2026 and 2025.

When the DCF method is used to determine the ACL, management does not adjust the effective interest rate used to discount expected cash flows to incorporate expected prepayments.

15 unchanged sentences

This evaluation is inherently subjective as it requires estimates that are susceptible to revision as more information becomes available.

Management’s review of the ACL during the third quarter of 2025 resulted in an increase in the risk status of external factors in the purchased loan and residential Jr Lien segments to reflect uncertainty regarding the impact to customers from a recent government shutdown.

The risk status of volume and terms was also increased in the residential Jr Lien segment to reflect an increase in loan volume in this segment, specifically home equity lines of credit.

Management’s review of the ACL during the first quarter of 2026 resulted in an increase in the qualitative factor for the risk status of criticized & classified in the commercial and CRE segments to reflect increases in criticized loans in each of the segments.

The qualitative factors are determined based on the various risk characteristics of each loan segment.

35 unchanged sentences

Loans evaluated individually are also not included in the collective evaluation.

In general, loans individually evaluated for estimated credit losses include those (i) greater than $ 100,000 with a nonaccrual status or (ii) have other unique characteristics differing from the portfolio segment.

In general, loans individually evaluated for estimated credit losses include those (i) greater than $ 100,000 with a nonaccrual status or (ii) that have other unique characteristics differing from the portfolio segment.

Specific reserves are established when appropriate for such loans based on the present value of expected future cash flows of the loan.

2 unchanged sentences

A loan is considered modified if, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider.

Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off.

Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount.

Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off.

Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is reduced by the same amount.

The Company is deemed to have granted such a concession if it has modified a loan in any of the following ways:

15 unchanged sentences

In connection with modifications, the Company considers applicable regulatory guidance, including a 2023 Interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts.

The following table presents the amortized cost basis of loans as of September 30, 2025, that were both experiencing financial difficulty and modified during the nine months ended September 30, 2025, by class and by type of modification.

The following table presents the amortized cost basis of loans as of March 31, 2026, that were both experiencing financial difficulty and modified during the three months ended March 31, 2026, by class and by type of modification.

The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.

Commercial & Industrial

As of September 30, 2025, the Company was not committed to lend additional amounts to borrowers experiencing financial difficulty whose loans were previously modified.

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the nine months ended September 30, 2025.

Commercial Real Estate

As of March 31, 2026, the Company was not committed to lend additional amounts to borrowers experiencing financial difficulty whose loans were previously modified.

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2026.

Term Extension

(months/years)

Commercial & Industrial

Commercial Real Estate

The Company closely monitors the performance of loans to borrowers experiencing financial difficulty that have been modified to understand the effectiveness of its modification efforts.

1 unchanged sentence

Commercial & Industrial

There were no loans to borrowers experiencing financial difficulty that were modified within the previous twelve months that had subsequently defaulted during the nine months ended September 30, 2025.

Commercial Real Estate

There was one loan to a borrower experiencing financial difficulty that was modified within the previous twelve months that had subsequently defaulted during the three months ended March 31, 2026.

Loans are considered defaulted at 90 days past due.

8 unchanged sentences

The ACL on OBS credit exposures is presented within accrued interest and other liabilities on the consolidated balance sheets.

As of September 30, 2025, and December 31, 2024, the ACL on OBS credit exposures totaled $ 683,068 and $ 703,975 , respectively.

As of March 31, 2026, and December 31, 2025, the ACL on OBS credit exposures totaled $ 593,175 and $ 628,655 , respectively.

Goodwill and Other Intangible Assets

5 unchanged sentences

The following table shows the changes in the carrying amount of the MSRs, included in other assets in the consolidated balance sheets, for the periods indicated:

Nine Months Ended September 30,

Three Months Ended March 31

Balance at beginning of year

50 unchanged sentences

There were no Level 3 assets or liabilities measured on a recurring basis as of the balance sheet dates presented, nor were there any transfers of assets between Levels during either of the periods presented for 2026 or 2025.

September 30,

(market approach)

14 unchanged sentences

There were no Level 1 or Level 3 assets or liabilities measured on a non-recurring basis as of the balance sheet dates presented, nor were there any transfers of assets between levels during either of the periods presented for 2026 or 2025.

September 30,

(market approach)

11 unchanged sentences

The estimated fair values of the Company's financial instruments as of the balance sheet dates were as follows:

September 30, 2025

March 31, 2026

(Dollars in Thousands)

12 unchanged sentences

Brokered deposits

Overnight borrowings

Short-term advances

21 unchanged sentences

Brokered deposits

Short-term advances

Long-term advances

10 unchanged sentences

The Company has evaluated events and transactions through the date that the financial statements were issued for potential recognition or disclosure in these financial statements, as required by GAAP.

On September 18, 2025, the Company’s Board declared a cash dividend of $ 0.25 per common share, payable November 1, 2025, to shareholders of record as of October 15, 2025.

On March 18, 2026, the Company’s Board declared a cash dividend of $ 0.25 per common share, payable May 1, 2026, to shareholders of record as of April 26, 2026 (as revised by vote of the Board subsequent to March 18, 2026).

This dividend has been recorded in the Company’s consolidated financial statements as of the declaration date, including shares issuable under the DRIP.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements