What changed in this filing

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Item 1. Financial Statements

2026-08-05 compared with 2026-05-06 · 309 added, 142 removed, 1228 unchanged (27% of the section changed)

3 unchanged sentences

(Amounts in thousands except share data)

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

Cash and due from banks $ 8,692 $ 6,145

48 unchanged sentences

(Amounts in thousands except share and per share data)

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Interest income

11 unchanged sentences

Benefit for credit losses - debt securities held to maturity ( 17 ) ( 12 ) ( 23 ) ( 32 )

Benefit for credit losses - off-balance sheet commitments ( 295 ) ( 168 )

Benefit (provision) for credit losses - off-balance sheet commitments ( 76 ) 24 ( 371 ) ( 144 )

Net interest income after provision for credit losses 19,024 14,382 34,317 27,545

16 unchanged sentences

Total noninterest expense 26,122 21,800 51,149 45,357

Income before income taxes 1,784 34

Income tax (benefit) provision ( 725 ) ( 909 )

Income (loss) before income taxes 1,587 ( 1,861 ) 3,371 ( 1,828 )

Income tax benefit ( 780 ) ( 2,054 ) ( 1,505 ) ( 2,964 )

Net income $ 2,367 $ 193 $ 4,876 $ 1,136

10 unchanged sentences

(Amounts in thousands)

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net income $ 2,367 $ 193 $ 4,876 $ 1,136

Other comprehensive income

Other comprehensive income (loss)

Securities available-for-sale

Net unrealized holding (losses) gains recorded within other comprehensive income before (loss) income tax ( 1,623 ) 4,424

Income tax (benefit) provision ( 374 ) 1,017

Net effect on other comprehensive (loss) income ( 1,249 ) 3,407

Net unrealized holding gain (losses) recorded within other comprehensive income (loss) before income tax 127 3,236 ( 1,496 ) 7,660

Income tax provision (benefit) 31 744 ( 343 ) 1,761

Net effect on other comprehensive income (loss) 96 2,492 ( 1,153 ) 5,899

Securities held-to-maturity

2 unchanged sentences

Net effect on other comprehensive income 92 98 166 187

Total other comprehensive (loss) income ( 1,175 ) 3,496

Total other comprehensive income (loss) 188 2,590 ( 987 ) 6,086

Comprehensive income $ 2,555 $ 2,783 $ 3,889 $ 7,222

2 unchanged sentences

Condensed Consolidated Statements of Changes in Shareholders’ Equity - Unaudited

Three Months Ended March 31, 2026 and 2025

Six Months Ended June 30, 2026 and 2025

(Amounts in thousands except share and per share data)

5 unchanged sentences

Net Income — 4,876 — 4,876

Other comprehensive income — — ( 1,175 ) ( 1,175 )

Other comprehensive loss — — ( 987 ) ( 987 )

Dividends declared ($ 0.12 per share)

2 unchanged sentences

Common stock redeemed for the net settlement of share-based awards ( 171 ) — — ( 171 )

Balance, March 31, 2026 $ 186,967 $ 195,292 $ ( 21,305 ) $ 360,954

Balance, June 30, 2026 $ 187,545 $ 197,119 $ ( 21,117 ) $ 363,547

Balance, January 1, 2025 $ 186,094 $ 230,622 $ ( 32,653 ) $ 384,063

6 unchanged sentences

Common stock redeemed for the net settlement of share-based awards ( 224 ) — — ( 224 )

Balance, March 31, 2025 $ 185,873 $ 231,031 $ ( 29,157 ) $ 387,747

Balance, June 30, 2025 $ 186,116 $ 230,690 $ ( 26,567 ) $ 390,239

See Notes to Condensed Consolidated Financial Statements

First Internet Bancorp

Condensed Consolidated Statements of Changes in Shareholders’ Equity - Unaudited

Three Months Ended June 30, 2026 and 2025

(Amounts in thousands except per share data)

Stock Retained

Earnings Accumulated

Comprehensive

Shareholders’

Balance, April 1, 2026 $ 186,967 $ 195,292 $ ( 21,305 ) $ 360,954

Net income — 2,367 — 2,367

Other comprehensive income — — 188 188

Dividends declared ($ 0.06 per share)

— ( 540 ) — ( 540 )

Recognition of the fair value of share-based compensation 578 — — 578

Balance, June 30, 2026 $ 187,545 $ 197,119 $ ( 21,117 ) $ 363,547

Balance, April 1, 2025 $ 185,873 $ 231,031 $ ( 29,157 ) $ 387,747

Net income — 193 — 193

Other comprehensive income — — 2,590 2,590

Dividends declared ($ 0.06 per share)

— ( 534 ) — ( 534 )

Recognition of the fair value of share-based compensation 241 — — 241

Deferred stock rights and restricted stock units issued in lieu of cash dividends payable on outstanding deferred stock rights and restricted stock units 2 — — 2

Balance, June 30, 2025 $ 186,116 $ 230,690 $ ( 26,567 ) $ 390,239

See Notes to Condensed Consolidated Financial Statements

First Internet Bancorp

Condensed Consolidated Statements of Cash Flows – Unaudited

(Amounts in thousands)

Three Months Ended March 31,

Six Months Ended June 30,

Operating activities

Net income $ 4,876 $ 1,136

Adjustments to reconcile net income to net cash provided by operating activities:

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Depreciation and amortization 4,733 2,982

10 unchanged sentences

Net change in accrued expenses and other liabilities ( 234 ) ( 6,434 )

Net cash provided by operating activities 75,550 32,825

Net cash provided by (used in) operating activities 99,828 ( 57,347 )

Investing activities

10 unchanged sentences

Financing activities

Net increase in deposits 141,837 12,419

Net (decrease) increase in deposits ( 8,435 ) 365,583

Cash dividends paid ( 1,044 ) ( 1,054 )

2 unchanged sentences

Other, net ( 202 ) ( 233 )

Net cash provided by financing activities 131,130 111,665

Net increase (decrease) in cash and cash equivalents 145,028 ( 71,956 )

Net cash (used in) provided by financing activities ( 19,681 ) 333,796

Net decrease in cash and cash equivalents ( 45,809 ) ( 20,049 )

Cash and cash equivalents, beginning of period 456,777 466,410

5 unchanged sentences

Cash dividends declared, paid in subsequent period 524 523

Securities purchased during the period, settled in subsequent period 5,581 —

See Notes to Condensed Consolidated Financial Statements

8 unchanged sentences

In our opinion, all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation have been included.

The results of operations for the three months ended March 31, 2026 are not necessarily indicative of the results expected for the year ending December 31, 2026 or any other period.

The March 31, 2026 condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the First Internet Bancorp Annual Report on Form 10-K for the year ended December 31, 2025.

The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results expected for the year ending December 31, 2026 or any other period.

The June 30, 2026 condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the First Internet Bancorp Annual Report on Form 10-K for the year ended December 31, 2025.

The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, or assumptions that could have a material effect on the carrying value of certain assets and liabilities.

7 unchanged sentences

Earnings per share of common stock are based on the weighted-average number of basic shares and dilutive shares outstanding during the period.

The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three months ended March 31, 2026 and 2025.

(dollars in thousands, except share and per share data) Three Months Ended March 31,

The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three and six months ended June 30, 2026 and 2025.

Three Months Ended June 30, Six Months Ended June 30,

(dollars in thousands, except share and per share data) 2026 2025 2026 2025

Basic earnings per share

10 unchanged sentences

1 Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive.

There were 11,186 and 3,916 weighted-average antidilutive shares excluded from the computation of diluted EPS for the three months ended March 31, 2026 and 2025, respectively.

The following tables summarize securities available-for-sale (“AFS”) and securities held-to-maturity (“HTM”) as of March 31, 2026 and December 31, 2025.

March 31, 2026

Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 5,045 and 7,284 for the three and six months ended June 30, 2026, respectively.

Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 15,940 and 9,006 for the three and six months ended June 30, 2025, respectively.

The following tables summarize securities available-for-sale (“AFS”) and securities held-to-maturity (“HTM”) as of June 30, 2026 and December 31, 2025.

June 30, 2026

Amortized Cost Gross Unrealized Fair Value

10 unchanged sentences

Total available-for-sale $ 811,907 $ 2,530 $ ( 27,761 ) $ 786,676

March 31, 2026

June 30, 2026

Amortized Cost Gross Unrealized Fair Value Allowance for Credit Losses Net Carrying Value

6 unchanged sentences

Total held-to-maturity $ 264,740 $ 1,308 $ ( 15,477 ) $ 250,571 $ ( 78 ) $ 264,662

1 Includes $ 0.2 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of March 31, 2026.

1 Includes $ 0.2 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of June 30, 2026.

December 31, 2025

22 unchanged sentences

1 Includes $ 0.2 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of December 31, 2025.

Accrued interest receivable on AFS and HTM securities at March 31, 2026 was $ 2.9 million and $ 1.0 million, respectively, compared to $ 3.0 million and $ 1.1 million, respectively, at December 31, 2025, and is included in accrued interest receivable on the condensed consolidated balance sheet.

Accrued interest receivable on AFS and HTM securities at June 30, 2026 was $ 2.8 million and $ 1.1 million, respectively, compared to $ 3.0 million and $ 1.1 million, respectively, at December 31, 2025, and is included in accrued interest receivable on the condensed consolidated balance sheet.

The Company elected to exclude all accrued interest receivable from securities when estimating credit losses.

At March 31, 2026 and December 31, 2025, approximately 86 % and 84 %, respectively, of mortgage-backed securities (including both AFS and HTM) held by the Company are issued by U.S.

At June 30, 2026 and December 31, 2025, approximately 86 % and 84 %, respectively, of mortgage-backed securities (including both AFS and HTM) held by the Company are issued by U.S.

government-sponsored entities and agencies.

5 unchanged sentences

The Company also evaluated its HTM securities that are in an unrealized loss position and considered issuer bond ratings, historical loss rates for bond ratings and economic forecasts.

The ACL on HTM securities was $ 0.1 million at both March 31, 2026 and December 31, 2025.

The carrying value of securities at March 31, 2026 is shown below by their contractual maturity date.

The ACL on HTM securities was $ 0.1 million at both June 30, 2026 and December 31, 2025.

The carrying value of securities at June 30, 2026 is shown below by their contractual maturity date.

Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

21 unchanged sentences

Total $ 264,740 $ 250,571

No AFS securities were sold during the three months ended March 31, 2026 and March 31, 2025.

No AFS securities were sold during the three and six months ended June 30, 2026 and June 30, 2025.

As such, the Company did not realize any gains or losses related to the sale of AFS securities during either time period.

Certain investments in debt securities are reported in the condensed consolidated financial statements at an amount less than their historical cost.

The total fair value of these investments at March 31, 2026 and December 31, 2025 was $ 633.1 million and $ 611.2 million, which was approximately 60 % and 59 %, respectively, of the Company’s AFS and HTM securities portfolios.

As of March 31, 2026, the Company’s security portfolio consisted of 623 positions, of which 412 were in an unrealized loss position.

The total fair value of these investments at June 30, 2026 and December 31, 2025 was $ 643.8 million and $ 611.2 million, which was approximately 61 % and 59 %, respectively, of the Company’s AFS and HTM securities portfolios.

As of June 30, 2026, the Company’s security portfolio consisted of 628 positions, of which 419 were in an unrealized loss position.

As of December 31, 2025, the Company’s security portfolio consisted of 618 positions, of which 395 were in an unrealized loss position.

9 unchanged sentences

The Company does not intend to sell the investments, and it is not more likely than not that the Company will be required to sell the investments, before recovery of their amortized cost basis, which may be upon maturity.

The following tables show the securities portfolio’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026 and December 31, 2025.

March 31, 2026

June 30, 2026

Less Than 12 Months 12 Months or Longer Total

29 unchanged sentences

Total $ 177,094 $ ( 514 ) $ 309,587 $ ( 25,441 ) $ 486,681 $ ( 25,955 )

The following tables summarize ratings for the Company’s HTM portfolio as of March 31, 2026 and December 31, 2025.

March 31, 2026

Held-to-Maturity

The following tables summarize ratings for the Company’s HTM portfolio as of June 30, 2026 and December 31, 2025.

June 30, 2026

(amounts in thousands) Municipal Securities Mortgage-Backed Securities - Residential Mortgage-Backed Securities - Commercial Corporate Securities Total

11 unchanged sentences

December 31, 2025

Held-to-Maturity

(amounts in thousands) Municipal Securities Mortgage-Backed Securities - Residential Mortgage-Backed Securities - Commercial Corporate Securities Total

17 unchanged sentences

The following tables provide additional information related to equity investments accounted for under equity security accounting.

The carrying amount of each equity investment with a readily determinable fair value or net asset value at March 31, 2026 and December 31, 2025 is reflected in the following table:

(amounts in thousands) March 31, 2026 December 31, 2025

The carrying amount of each equity investment with a readily determinable fair value or net asset value at June 30, 2026 and December 31, 2025 is reflected in the following table:

(amounts in thousands) June 30, 2026 December 31, 2025

GenOpp Financial Fund LP $ 3,202 $ 2,876

Total $ 3,202 $ 2,876

The carrying amount of the Company’s investments in non-marketable equity securities with no readily determinable fair value and amounts recognized in earnings on a cumulative basis at March 31, 2026 and December 31, 2025 is reflected in the following table:

(amounts in thousands) March 31, 2026 December 31, 2025

The carrying amount of the Company’s investments in non-marketable equity securities with no readily determinable fair value and amounts recognized in earnings on a cumulative basis at June 30, 2026 and December 31, 2025 is reflected in the following table:

(amounts in thousands) June 30, 2026 December 31, 2025

Carrying value 1

4 unchanged sentences

Downward changes for observable prices — —

Net change $ 38,023 $ 38,611

1 Excludes $ 14.3 million and $ 14.6 million in unfunded commitments as of March 31, 2026 and December 31, 2025, respectively.

Total $ 38,438 $ 38,611

1 Excludes $ 13.9 million and $ 14.6 million in unfunded commitments as of June 30, 2026 and December 31, 2025, respectively.

Variable Interest Entities

3 unchanged sentences

The Company believes the potential for loss from these investments is remote, the maximum exposure for the affordable housing investment was determined by assuming a scenario where related tax credits were recaptured.

The following table provides a summary of VIEs that the Company has not consolidated as March 31, 2026 and December 31, 2025:

March 31, 2026

The following table provides a summary of VIEs that the Company has not consolidated as June 30, 2026 and December 31, 2025:

June 30, 2026

(amounts in thousands) Carrying Amount Maximum Exposure to Loss Liability Recognized Classification

Private equity and venture capital funds $ 14,067 $ 19,332 $ — Other assets (1)

Hedge funds 2,998 2,998 — Other assets (2)

Pooled investment vehicle 3,202 3,202 — Other assets (2)

SBIC 7,292 13,000 — Other assets (3)

4 unchanged sentences

Private equity and venture capital funds $ 13,685 $ 20,208 $ — Other assets (6)

Hedge funds 2,876 2,876 — Other assets (7)

Pooled investment vehicle 2,876 2,876 — Other assets (7)

SBIC 7,292 13,000 — Other assets (8)

11 unchanged sentences

(10) Maximum exposure to loss includes $ 10.0 million of current investments.

Loan balances as of March 31, 2026 and December 31, 2025 are summarized in the table below.

Loan balances as of June 30, 2026 and December 31, 2025 are summarized in the table below.

Categories of loans include:

(amounts in thousands) March 31, 2026 December 31, 2025

(amounts in thousands) June 30, 2026 December 31, 2025

Commercial loans

22 unchanged sentences

1 Balances include $ 59.8 million and $ 52.2 million that are guaranteed by the U.S.

government as of March 31, 2026 and December 31, 2025, respectively.

2 Includes carrying value adjustment of $ 18.1 million and $ 19.1 million related to terminated interest rate swaps associated with public finance loans as of March 31, 2026 and December 31, 2025, respectively.

government as of June 30, 2026 and December 31, 2025, respectively.

2 Includes carrying value adjustment of $ 17.3 million and $ 19.1 million related to terminated interest rate swaps associated with public finance loans as of June 30, 2026 and December 31, 2025, respectively.

The general risk characteristics specific to each loan portfolio segment are as follows:

114 unchanged sentences

Consumer loans are generally charged off when they reach a specified level of delinquency, unless they are well secured and in the process of collection.

The following tables present changes in the balance of the ACL during the three months ended March 31, 2026 and 2025.

(amounts in thousands) Three Months Ended March 31, 2026

The following tables present changes in the balance of the ACL during the three and six months ended June 30, 2026 and 2025.

(amounts in thousands) Three Months Ended June 30, 2026

Allowance for credit losses:

14 unchanged sentences

Total $ 56,496 $ 13,508 $ ( 17,328 ) $ 420 $ 53,096

(amounts in thousands) Three Months Ended March 31, 2025

(amounts in thousands) Six Months Ended June 30, 2026

Allowance for credit losses:

Balance, Beginning of Period (Credit) Provision Charged to Expense Losses

Charged Off Recoveries Balance,

End of Period

Commercial and industrial $ 1,942 $ 349 $ ( 447 ) $ 16 $ 1,860

Owner-occupied commercial real estate 264 19 — — 283

Investor commercial real estate 2,255 105 — — 2,360

Construction 2,446 295 — — 2,741

Single tenant lease financing 816 236 — — 1,052

Public finance 411 ( 27 ) — — 384

Healthcare finance 605 ( 243 ) ( 38 ) — 324

Small business lending 27,796 11,180 ( 14,437 ) 596 25,135

Franchise finance 14,028 17,571 ( 17,753 ) 209 14,055

Residential mortgage 2,142 ( 77 ) ( 82 ) 2 1,985

Home equity 38 ( 8 ) — 2 32

Other consumer loans 2,943 714 ( 911 ) 139 2,885

Total $ 55,686 $ 30,114 $ ( 33,668 ) $ 964 $ 53,096

(amounts in thousands) Three Months Ended June 30, 2025

Allowance for credit losses:

Balance, Beginning of Period Provision (Credit) Charged to Expense Charge-Offs Recoveries Balance,

13 unchanged sentences

Total $ 47,238 $ 13,596 $ ( 14,448 ) $ 131 $ 46,517

Accrued interest receivable on loans totaled $ 23.1 million at both March 31, 2026 and December 31, 2025 and is excluded from the estimate of credit losses.

(amounts in thousands) Six Months Ended June 30, 2025

Allowance for loan losses:

Balance, Beginning of Period (Credit) Provision Charged to Expense Losses

Charged Off Recoveries Balance,

End of Period

Commercial and industrial $ 1,265 $ 638 $ — $ 4 $ 1,907

Owner-occupied commercial real estate 528 ( 56 ) — — 472

Investor commercial real estate 1,149 460 — — 1,609

Construction 1,984 ( 213 ) — — 1,771

Single tenant lease financing 4,782 ( 336 ) — — 4,446

Public finance 703 ( 181 ) — — 522

Healthcare finance 1,412 ( 213 ) — — 1,199

Small business lending 16,161 12,908 ( 15,520 ) 173 13,722

Franchise finance 8,976 12,174 ( 8,086 ) 18 13,082

Residential mortgage 2,136 ( 209 ) ( 11 ) 7 1,923

Home equity 106 ( 17 ) — 3 92

Other consumer loans 5,567 762 ( 672 ) 115 5,772

Total $ 44,769 $ 25,717 $ ( 24,289 ) $ 320 $ 46,517

Accrued interest receivable on loans totaled $ 24.6 million and $ 23.1 million at June 30, 2026 and December 31, 2025, respectively, and is excluded from the estimate of credit losses.

The Company made the accounting policy election to not measure an ACL for accrued interest receivable.

3 unchanged sentences

The adequacy of the reserve for unfunded commitments is determined quarterly based on methodology similar to the methodology for determining the ACL.

The following tables detail activity in the (benefit) provision for credit losses on off-balance sheet commitments for the three months ended March 31, 2026 and 2025.

The following tables detail activity in the (benefit) provision for credit losses on off-balance sheet commitments for the three and six months ended June 30, 2026.

(amounts in thousands) Balance

March 31, 2026 (Benefit) Provision for Credit Losses Balance

June 30, 2026

Off-balance sheet commitments

Commercial loans

Commercial and industrial $ 186 $ 5 $ 191

Investor commercial real estate 56 ( 10 ) 46

Construction 1,975 ( 53 ) 1,922

Single tenant lease financing 3 ( 1 ) 2

Small business lending 70 ( 17 ) 53

Total commercial loans 2,290 ( 76 ) 2,214

Total allowance for off-balance sheet commitments $ 2,290 $ ( 76 ) $ 2,214

(amounts in thousands) Balance

December 31, 2025 (Benefit) Provision for Credit Losses Balance

March 31, 2026

June 30, 2026

Off-balance sheet commitments

7 unchanged sentences

Total allowance for off-balance sheet commitments $ 2,585 $ ( 371 ) $ 2,214

The following table details activity in the provision (benefit) for credit losses on off-balance sheet commitments for the three and six months ended June 30, 2025.

(amounts in thousands) Balance

March 31, 2025 Provision (Benefit) for Credit Losses Balance

June 30, 2025

Off-balance sheet commitments

Commercial loans

Commercial and industrial $ 170 $ 29 $ 199

Investor commercial real estate 1 32 33

Construction 1,474 283 1,757

Single tenant lease financing 12 ( 7 ) 5

Small business lending 274 ( 273 ) 1

Total commercial loans 1,931 64 1,995

Consumer loans

Residential mortgage 1 — 1

Home equity 32 ( 32 ) —

Other consumer loans 8 ( 8 ) —

Total consumer loans 41 ( 40 ) 1

Total allowance for off-balance sheet commitments $ 1,972 $ 24 $ 1,996

(amounts in thousands) Balance

December 31, 2024 (Benefit) Provision for Credit Losses Balance

March 31, 2025

June 30, 2025

Off-balance sheet commitments

13 unchanged sentences

Total allowance for off-balance sheet commitments

$ 2,140 $ ( 144 ) $ 1,996

The Company utilizes a risk grading matrix to assign a risk grade to each of its commercial loans, which are evaluated annually.

13 unchanged sentences

• “Nonperforming” - Loans that are 90 days delinquent or for which the full collection of principal and interest may be in doubt.

The following tables present the credit risk profile of the Company’s commercial and consumer loan portfolios by loan class and by year of origination for the years indicated based on rating category and payment activity as of March 31, 2026 and December 31, 2025.

March 31, 2026

June 30, 2026

Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term

45 unchanged sentences

Year-to-date gross charge-offs — — — — — — — — —

March 31, 2026

June 30, 2026

Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term

128 unchanged sentences

Total year-to-date gross charge-offs $ 573 $ 17,376 $ 25,910 $ 12,661 $ 5,262 $ 1,307 $ — $ — $ 63,089

The following tables present the Company’s loan portfolio delinquency, including nonperforming loans, as of March 31, 2026 and December 31, 2025.

March 31, 2026

The following tables present the Company’s loan portfolio delinquency, including nonperforming loans, as of June 30, 2026 and December 31, 2025.

June 30, 2026

(amounts in thousands) 30-59

41 unchanged sentences

The following table summarizes the Company’s nonaccrual loans and loans past due 90 days or more and still accruing by loan class for the periods indicated:

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

(amounts in thousands) Nonaccrual Loans Nonaccrual Loans with No Allowance for Credit Losses Total Loans

9 unchanged sentences

Total loans $ 45,543 $ 31,625 $ 14,530 $ 56,387 $ 31,114 $ 2,151

1 Balance includes $ 15.5 million and $ 13.6 million at March 31, 2026 and December 31, 2025, respectively, of loans guaranteed by the U.S.

Interest income recognized on nonaccrual loans was $ 0.1 million for both the three months ended March 31, 2026 and 2025.

1 Balance includes $ 19.2 million and $ 13.6 million at June 30, 2026 and December 31, 2025, respectively, of loans guaranteed by the U.S.

Interest income recognized on nonaccrual loans was $ 0.2 million and $ 0.3 million for the three and six months ended June 30, 2026, respectively, and $ 0.1 million and $ 0.2 million for the three and six months ended June 30, 2025, respectively.

Determining fair value for collateral dependent loans requires obtaining a current independent appraisal of the collateral and applying a discount factor, which includes selling costs if applicable, to the value.

3 unchanged sentences

Fair value on other collateral such as business assets is typically ascertained by assessing, either singularly or some combination of, asset appraisals, accounts receivable aging reports, inventory listings and/or customer financial statements.

The following tables present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses as of March 31, 2026 and December 31, 2025.

March 31, 2026

The following tables present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses as of June 30, 2026 and December 31, 2025.

June 30, 2026

(amounts in thousands) Commercial Real Estate Residential Real Estate Other (Includes Equipment, Machinery and Other Assets) Total Allowance on Collateral Dependent Loans

17 unchanged sentences

These modifications may include interest rate reductions, principal or interest forgiveness, other-than-insignificant payment delays, term extensions and other actions intended to minimize loss and to avoid foreclosure or repossession of collateral.

The Company had one loan modification made to borrowers experiencing financial difficulty during the three months ended March 31, 2026.

The Company had two loan modifications made to borrowers experiencing financial difficulty during the three months ended March 31, 2025.

The following tables present loans that were both experiencing financial difficulty and modified during the three months ended March 31, 2026 and 2025.

Three Months Ended March 31, 2026

The Company had seven loan modification made to borrowers experiencing financial difficulty during the three months ended June 30, 2026.

The Company had eight loan modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2026.

The Company had six loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2025.

The Company had eight loan modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2025.

The following tables present loans that were both experiencing financial difficulty and modified during the three months ended June 30, 2026 and 2025.

Three Months Ended June 30, 2026

(dollars in thousands) Payment Delay Total Modification by Loan Class % of Class of Loans

Commercial and industrial $ 19 $ 19 0.01 %

Small business lending $ 3,425 $ 3,425 0.8 %

Residential mortgage 91 91 — %

Total $ 3,516 $ 3,516

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

(dollars in thousands) Payment Delay

Total Modification by Loan Class

% of Class of Loans

Commercial and industrial

$ 393 $ 393 0.3 %

Single tenant lease financing

3,007 3,007 0.3 %

Small business lending

3,084 3,084 0.6 %

$ 6,484 $ 6,484

The following table presents loans that were both experiencing financial difficulty and modified during the six months ended June 30, 2026 and 2025.

Six Months Ended June 30, 2026

(dollars in thousands) Payment Delay Total Modification by Loan Class % of Class of Loans

Healthcare finance 2,658 2,658 1.60 %

Commercial and industrial $ 3 $ 3 — %

Small business lending 3,425 3,425 0.8 %

Residential mortgage 91 91 — %

Total $ 3,519 $ 3,519

Six Months Ended June 30, 2025

(dollars in thousands)

Payment Delay

Total Modification by Loan Class

% of Class of Loans

Commercial and industrial

$ 393 $ 393 0.3 %

Single tenant lease financing

3,007 3,007 0.3 %

Healthcare finance 2,634 2,634 1.7 %

Small business lending

3,084 3,084 0.6 %

$ 9,118 $ 9,118

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

The following table presents the performance of loans that were modified within the twelve months ended March 31, 2026.

Twelve Months Ended March 31, 2026

The following table presents the performance of loans that were modified within the twelve months ended June 30, 2026.

Twelve Months Ended June 30, 2026

(amounts in thousands) Current 30 - 89 Days

1 unchanged sentence

Commercial and industrial $ 3 $ — $ —

Single tenant lease financing — 1,665 —

Healthcare finance — 130 —

1 unchanged sentence

Franchise finance 485 — —

Residential mortgage 91 — —

Total $ 4,004 $ 130 $ 21

There were no loans that were modified within the twelve months ended March 31, 2026 that subsequently defaulted during the period presented.

There were no loans that were modified within the twelve months ended June 30, 2026 that subsequently defaulted during the period presented.

Other Real Estate Owned

The Company had $ 1.9 million in other real estate owned (“OREO”) as of March 31, 2026, which consisted of two small business lending properties.

The Company had $ 4.1 million in other real estate owned (“OREO”) as of June 30, 2026, which consisted of three small business lending properties and one single tenant lease property.

The Company had $ 2.6 million in OREO as of December 31, 2025, which consisted of three small business lending properties.

There were eight loans totaling $ 1.9 million and eight loans totaling $ 2.5 million, in the process of foreclosure at March 31, 2026 and December 31, 2025, respectively.

There were thirteen loans totaling $ 0.4 million and eight loans totaling $ 2.5 million, in the process of foreclosure at June 30, 2026 and December 31, 2025, respectively.

Premises and Equipment

The following table summarizes premises and equipment at March 31, 2026 and December 31, 2025.

(amounts in thousands) March 31, 2026 December 31, 2025

The following table summarizes premises and equipment at June 30, 2026 and December 31, 2025.

(amounts in thousands) June 30, 2026 December 31, 2025

Land $ 5,598 $ 5,598

5 unchanged sentences

Total $ 65,720 $ 67,934

As of March 31, 2026 and December 31, 2025, the carrying amount of goodwill was $ 4.7 million.

There have been no changes in the carrying amount of goodwill for the three months ended March 31, 2026 or March 31, 2025.

As of June 30, 2026 and December 31, 2025, the carrying amount of goodwill was $ 4.7 million.

There have been no changes in the carrying amount of goodwill for the three and six months ended June 30, 2026 or June 30, 2025.

Goodwill is assessed for impairment annually as of August 31, or more frequently if events occur or circumstances change that indicate an impairment may exist.

7 unchanged sentences

Servicing Asset

Activity for the servicing asset and the related changes in fair value for the three months ended March 31, 2026 and 2025 are shown in the table below.

Activity for the servicing asset and the related changes in fair value for the three and six months ended June 30, 2026 and 2025 are shown in the table below.

Three Months Ended

(amounts in thousands) March 31, 2026 March 31, 2025

(amounts in thousands) June 30, 2026 June 30, 2025

Balance, beginning of period $ 23,614 $ 17,445

6 unchanged sentences

Balance, end of period $ 23,180 $ 16,736

Six Months Ended

(amounts in thousands) June 30, 2026 June 30, 2025

Balance, beginning of period $ 22,793 $ 16,389

Originated 3,026 2,681

Subtractions:

Paydowns ( 3,241 ) ( 1,811 )

Changes in fair value due to changes in valuation inputs or assumptions used in

the valuation model 602 ( 523 )

Loan servicing asset revaluation $ ( 2,639 ) $ ( 2,334 )

Balance, end of period $ 23,180 $ 16,736

Loans serviced for others are not included in the condensed consolidated balance sheets.

The unpaid principal balances of these loans serviced for others as of March 31, 2026 and December 31, 2025 are shown in the table below.

(amounts in thousands) March 31, 2026 December 31, 2025

The unpaid principal balances of these loans serviced for others as of June 30, 2026 and December 31, 2025 are shown in the table below.

(amounts in thousands) June 30, 2026 December 31, 2025

Loan portfolios serviced for:

2 unchanged sentences

Total $ 1,913,952 $ 1,945,760

Loan servicing revenue totaled $ 2.9 million and $ 2.0 million for the three months ended March 31, 2026 and March 31, 2025, respectively.

Loan servicing asset revaluation, which represents the change in fair value of the servicing asset, resulted in a $ 1.1 million and $ 1.2 million downward valuation for the three months ended March 31, 2026 and March 31, 2025, respectively.

Loan servicing revenue totaled $ 2.9 million and $ 5.7 million for the three and six months ended June 30, 2026 respectively, and $ 2.0 million and $ 4.0 million for the three and six months ended June 30, 2025, respectively.

Loan servicing asset revaluation, which represents the change in fair value of the servicing asset, resulted in a $ 1.6 million and $ 2.6 million downward valuation for the three and six months ended June 30, 2026, respectively, and $ 1.2 million and $ 2.3 million downward valuation for the three and six months ended June 30, 2025, respectively.

The fair value of servicing rights is highly sensitive to changes in underlying assumptions.

24 unchanged sentences

Holders of $ 0.7 million of unregistered 2031 Notes did not participate in the exchange.

The following table presents the principal balance and unamortized discount and debt issuance costs for the 2029 Notes, the 2030 Note, and the 2031 Notes as of March 31, 2026 and December 31, 2025.

March 31, 2026 December 31, 2025

The following table presents the principal balance and unamortized discount and debt issuance costs for the 2029 Notes, the 2030 Note, and the 2031 Notes as of June 30, 2026 and December 31, 2025.

June 30, 2026 December 31, 2025

(amounts in thousands) Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs

16 unchanged sentences

Award Activity Under 2022 Plan

The Company recorded $ 0.6 million and less than $ 0.1 million o f share-based compensation expense for the three months ended March 31, 2026, and March 31, 2025, respectively, related to stock-based awards under the 2022 Plan.

The following table summarizes the stock-based award activity under the 2022 Plan for the three months ended March 31, 2026.

The Company recorded $ 0.6 million and $ 1.1 million o f share-based compensation expense for the three and six months ended June 30, 2026, respectively, and $ 0.5 million o f share-based compensation expense for both the three and six months ended June 30, 2025, related to stock-based awards under the 2022 Plan.

The following table summarizes the stock-based award activity under the 2022 Plan for the six months ended June 30, 2026.

(dollars in thousands, except per share data) Restricted Stock Units Weighted-Average Grant Date Fair Value Per Share Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Deferred Stock Units Weighted-Average Grant Date Fair Value Per Share

1 unchanged sentence

Granted 111,953 21.30 16,912 23.82 — —

Cancelled/Forfeited ( 168 ) — — — — —

Vested ( 39,417 ) 27.28 ( 16,009 ) 24.72 — —

Unvested at March 31, 2026 216,264 $ 25.07 16,009 $ 24.72 — $ —

At March 31, 2026, the total unrecognized compensation cost related to unvested stock-based awards under the 2022 Plan was $ 3.6 million with a weighted-average expense recognition period of 2.2 years.

Unvested at June 30, 2026 229,872 $ 25.07 16,912 $ 23.82 — $ —

At June 30, 2026, the total unrecognized compensation cost related to unvested stock-based awards under the 2022 Plan was $ 3.5 million with a weighted-average expense recognition period of 1.9 years.

2013 Equity Incentive Plan

2 unchanged sentences

Award Activity Under 2013 Plan

The Company recorded no share-based compensation expense for the three months ended March 31, 2026 , and less than $ 0.1 million of share-based compensation expense for the three months ended March 31, 2025, related to stock-based awards under the 2013 Plan .

At March 31, 2026, there were no unrecognized compensation costs related to unvested stock-based awards under the 2013 Plan.

The Company recorded no share-based compensation expense for the three and six months ended June 30, 2026, related to stock-based awards under the 2013 Plan .

The Company recorded no share-based compensation expense for the three months ended June 30, 2025, and less than $ 0.1 million of share-based compensation expense for the six months ended June 30, 2025, related to stock-based awards under the 2013 Plan

At June 30, 2026, there were no unrecognized compensation costs related to unvested stock-based awards under the 2013 Plan.

Directors Deferred Stock Plan

3 unchanged sentences

Deferred stock rights were to be settled in common stock following the end of the deferral period payable on the basis of one share of common stock for each deferred stock right.

The following table summarizes the status of deferred stock rights related to the Directors Deferred Stock Plan for the three months ended March 31, 2026.

The following table summarizes the status of deferred stock rights related to the Directors Deferred Stock Plan for the six months ended June 30, 2026.

Deferred Stock Rights

4 unchanged sentences

In the normal course of business, the Company makes various commitments to extend credit which are not reflected in the accompanying condensed consolidated financial statements.

At March 31, 2026 and December 31, 2025, the Company had outstanding loan commitments totaling approximately $ 610.6 million and $ 617.6 million, respectively.

At June 30, 2026 and December 31, 2025, the Company had outstanding loan commitments totaling approximately $ 579.7 million and $ 617.6 million, respectively.

Fair Value of Financial Instruments

11 unchanged sentences

If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.

The Company did not own any securities classified within Level 1 of the hierarchy as of March 31, 2026 and December 31, 2025.

The Company did not own any securities classified within Level 1 of the hierarchy as of June 30, 2026 and December 31, 2025.

Level 2 securities include U.S.

5 unchanged sentences

Rating agency and industry research reports as well as default and deferral activity are reviewed and incorporated into the calculation.

The Company did not own any securities classified within Level 3 of the hierarchy as of March 31, 2026 or December 31, 2025.

The Company did not own any securities classified within Level 3 of the hierarchy as of June 30, 2026 or December 31, 2025.

Servicing Asset

6 unchanged sentences

The Company also enters into an offsetting interest rate swap with a correspondent bank.

These back-to-back swap agreements are intended to offset each other and allow the Company

to originate a variable rate loan, while providing a contract for fixed interest payments for the customer.

These back-to-back swap agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer.

The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer.

1 unchanged sentence

The fair value assets and liabilities of centrally clear interest rate swaps are net of variation margin settled-to-market (Level 2).

The following tables present the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2026 and December 31, 2025.

March 31, 2026

June 30, 2026

Fair Value Measurements Using

35 unchanged sentences

Interest rate swap agreements - liabilities (back-to-back) ( 210 ) — ( 210 ) —

The following tables reconcile the beginning and ending balances of recurring fair value measurements recognized in the accompanying condensed consolidated balance sheets using significant unobservable (Level 3) inputs for the three months ended March 31, 2026 and 2025.

Three Months Ended

(amounts in thousands) Servicing Asset

Balance as of April 1, 2026 $ 23,614

Total realized gains

Additions 1,145

Paydowns ( 1,679 )

Change in fair value 100

Balance as of June 30, 2026 $ 23,180

Balance as of April 1, 2025 $ 17,445

Total realized gains

Additions 444

Paydowns ( 847 )

Change in fair value ( 306 )

Balance as of June 30, 2025 $ 16,736

Six Months Ended

(amounts in thousands) Servicing Asset

Balance as of January 1, 2026 $ 22,793

3 unchanged sentences

Change in fair value 602

Balance as of March 31, 2026 $ 23,614

Balance as of June 30, 2026 $ 23,180

Balance as of January 1, 2025 $ 16,389

3 unchanged sentences

Change in fair value ( 523 )

Balance as of March 31, 2025 $ 17,445

Balance as of June 30, 2025 $ 16,736

The following describes the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis, as well as the general classification of such assets pursuant to the valuation hierarchy.

6 unchanged sentences

Individually evaluated loans with a specific valuation allowance based on the value of the underlying collateral or a discounted cash flow analysis are classified as Level 3 assets.

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurement falls at March 31, 2026 and December 31, 2025.

March 31, 2026

(amounts in thousands) Fair Value Measurements Using

June 30, 2026

Fair Value Measurements Using

(amounts in thousands) Fair

Value Quoted Prices

4 unchanged sentences

December 31, 2025

(amounts in thousands) Fair Value Measurements Using

Fair Value Measurements Using

(amounts in thousands) Fair

Value Quoted Prices

6 unchanged sentences

(dollars in thousands) Fair Value at

March 31, 2026 Valuation

June 30, 2026 Valuation

Technique Significant Unobservable

24 unchanged sentences

Rating agency and industry research reports as well as default and deferral activity are reviewed and incorporated into the calculation.

The Company did not own any securities classified within Level 3 of the hierarchy as of March 31, 2026 or December 31, 2025.

The Company did not own any securities classified within Level 3 of the hierarchy as of June 30, 2026 or December 31, 2025.

Loans Held-for-Sale

17 unchanged sentences

The fair value of commitments to extend credit are based on fees currently charged to enter into similar agreements with similar maturities and interest rates.

The Company determined that the fair value of commitments was zero based on the contractual value of outstanding commitments at each of March 31, 2026 and December 31, 2025.

The following tables present the carrying value and estimated fair value of all financial assets and liabilities that are not measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025.

March 31, 2026

The Company determined that the fair value of commitments was zero based on the contractual value of outstanding commitments at each of June 30, 2026 and December 31, 2025.

The following tables present the carrying value and estimated fair value of all financial assets and liabilities that are not measured at fair value on a recurring basis at June 30, 2026 and December 31, 2025.

June 30, 2026

Fair Value Measurements Using

40 unchanged sentences

The corresponding fair value hedging adjustment was allocated pro-rata to the underlying hedged securities and is being amortized over the remaining lives of the designated securities.

The Company had amortization expense totaling less than $ 0.1 million for both the three months ended March 31, 2026 and 2025, which was recognized as a reduction to interest income on securities.

The Company had amortization expense totaling less than $ 0.1 million for both the three and six months ended June 30, 2026 and 2025, which was recognized as a reduction to interest income on securities.

In June 2020, the Company terminated all fair value hedging relationships associated with loans, which resulted in swap termination payments to counterparties totaling $ 46.1 million.

The corresponding loan fair value hedging adjustment as of the date of termination is being amortized over the remaining lives of the designated loans, which have a weighted average term to maturity of 8.6 years as of March 31, 2026.

The Company had amortization expense totaling $ 1.0 million and $ 0.9 million for the three months ended March 31, 2026, and 2025, respectively, related to these previously terminated fair value hedges which was recognized as a reduction to interest income on loans.

The following table presents the notional amount and fair value of interest rate swaps utilized by the Company at March 31, 2026 and December 31, 2025.

March 31, 2026 December 31, 2025

The Company had amortization expense totaling $ 0.8 million and $ 1.8 million for the three and six months ended June 30, 2026, respectively, and $ 0.9 million and $ 1.7 million for the three and six months ended June 30, 2025, respectively, related to these previously terminated fair value hedges which was recognized as a reduction to interest income on loans.

The following table presents the notional amount and fair value of interest rate swaps utilized by the Company at June 30, 2026 and December 31, 2025.

June 30, 2026 December 31, 2025

(amounts in thousands) Notional

13 unchanged sentences

As a result of this offsetting relationship, no net gains or losses are recognized in income.

The Company received no cash collateral from counterparties as security for their obligations related to these swap transactions at both March 31, 2026 and December 31, 2025.

The Company pledged cash collateral of $ 0.3 million to counterparties as security for its obligations related to these agreements at both March 31, 2026 and December 31, 2025.

The Company received no cash collateral from counterparties as security for their obligations related to these swap transactions at both June 30, 2026 and December 31, 2025.

The Company pledged cash collateral of $ 0.1 million and $ 0.3 million to counterparties as security for its obligations related to these agreements as of June 30, 2026 and December 31, 2025, respectively.

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, included in stockholders' equity, for the three months ended March 31, 2026 and 2025, respectively, are presented in the table below.

The components of accumulated other comprehensive loss, included in shareholders' equity, for the six months ended June 30, 2026 and 2025, respectively, are presented in the table below.

(amounts in thousands) Unrealized Losses On Debt Securities Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity Total

1 unchanged sentence

Other comprehensive loss before reclassifications from accumulated other comprehensive loss before tax ( 1,496 ) — ( 1,496 )

Reclassifications from accumulated other comprehensive income to earnings before tax — 100 100

Reclassifications from accumulated other comprehensive loss to earnings before tax — 220 220

Other comprehensive (loss) income before tax ( 1,496 ) 220 ( 1,276 )

1 unchanged sentence

Other comprehensive (loss) income - net of tax ( 1,153 ) 166 ( 987 )

Balance, March 31, 2026 $ ( 19,526 ) $ ( 1,779 ) $ ( 21,305 )

Balance, June 30, 2026 $ ( 19,430 ) $ ( 1,687 ) $ ( 21,117 )

Balance, January 1, 2025 $ ( 30,413 ) $ ( 2,240 ) ( 32,653 )

Other comprehensive income before reclassifications from accumulated other comprehensive loss before tax 7,660 — 7,660

Reclassifications from accumulated other comprehensive income to earnings before tax — 120 120

Reclassifications from accumulated other comprehensive loss to earnings before tax — 252 252

Other comprehensive income before tax 7,660 252 7,912

1 unchanged sentence

Other comprehensive income - net of tax 5,899 187 6,086

Balance, March 31, 2025 $ ( 27,006 ) $ ( 2,151 ) $ ( 29,157 )

Balance, June 30, 2025 $ ( 24,514 ) $ ( 2,053 ) $ ( 26,567 )

The components of accumulated other comprehensive loss, included in shareholders' equity, for the three months ended June 30, 2026 and 2025, respectively, are presented in the table below.

(amounts in thousands) Unrealized Losses On Debt Securities Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity Total

Balance, April 1, 2026 $ ( 19,526 ) $ ( 1,779 ) $ ( 21,305 )

Other comprehensive income before reclassifications from accumulated other comprehensive loss before tax 127 — 127

Reclassifications from accumulated other comprehensive loss to earnings before tax — 120 120

Other comprehensive gain before tax 127 120 247

Income tax provision 31 28 59

Other comprehensive income - net of tax 96 92 188

Balance, June 30, 2026 $ ( 19,430 ) $ ( 1,687 ) $ ( 21,117 )

Balance, April 1, 2025 $ ( 27,006 ) $ ( 2,151 ) $ ( 29,157 )

Other comprehensive income before reclassifications from accumulated other comprehensive loss before tax 3,236 — 3,236

Reclassifications from accumulated other comprehensive loss to earnings before tax — 132 132

Other comprehensive gain before tax 3,236 132 3,368

Income tax provision 744 34 778

Other comprehensive income - net of tax 2,492 98 2,590

Balance, June 30, 2025 $ ( 24,514 ) $ ( 2,053 ) $ ( 26,567 )

(amounts in thousands) Amounts Reclassified from

Accumulated Other Comprehensive Income for the Three Months Ended

Details About Accumulated Other Comprehensive Loss Components March 31, 2026 March 31, 2025 Affected Line Item in the Statements of Income

Reclassifications from accumulated other comprehensive income to earnings before tax $ ( 100 ) ( 120 ) Interest Income

Accumulated Other Comprehensive Loss for the Three Months Ended Amounts Reclassified from

Accumulated Other Comprehensive Loss for the Six Months Ended

Details About Accumulated Other Comprehensive Loss Components June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Affected Line Item in the Statements of Income

Reclassifications from accumulated other comprehensive loss to earnings before tax $ ( 120 ) ( 132 ) $ ( 220 ) $ ( 252 ) Interest Income

Total amount reclassified before tax ( 120 ) ( 132 ) ( 220 ) ( 252 ) Income before income taxes

Tax benefit ( 28 ) ( 34 ) ( 54 ) ( 65 ) Income tax (benefit) provision

Total reclassifications from accumulated other comprehensive (loss) income $ ( 74 ) $ ( 89 ) Net income

Total reclassifications from accumulated other comprehensive loss $ ( 92 ) $ ( 98 ) $ ( 166 ) $ ( 187 ) Net income

Segment Information

41 unchanged sentences

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