Old National’s loans consist primarily of loans made to consumers and commercial clients in many diverse industries, including real estate rental and leasing, manufacturing, healthcare, wholesale trade, construction, and agriculture, among others. Most of Old National’s lending activity occurs within our principal geographic markets in the Midwest and Southeast regions of the United States. Old National manages concentrations of credit exposure by industry, product, geography, client relationship, and loan size.

The loan categories used to monitor and analyze interest income and yields are different than the portfolio segments used to determine the allowance for credit losses on loans. The allowance for credit losses was calculated by pooling loans of similar credit risk characteristics and credit monitoring procedures. The four loan portfolios used to monitor and analyze interest income and yields – commercial, commercial real estate, residential real estate, and consumer – are reclassified into seven segments of loans – commercial, commercial real estate, business banking credit center (“BBCC”), residential real estate, indirect, direct, and home equity for purposes of determining the allowance for credit losses on loans. The commercial and commercial real estate loan categories shown on the balance sheet include the same pool of loans as the commercial, commercial real estate, and BBCC portfolio segments. The consumer loan category shown on the balance sheet is comprised of the same loans in the indirect, direct, and home equity portfolio segments. The portfolio segment reclassifications follow:


	Balance Sheet Line Item		Portfolio Segment Reclassifications		Portfolio Segment After Reclassifications

(dollars in thousands)
December 31, 2025
Commercial (1)	$	14,983,861	$	(220,410)	$	14,763,451
Commercial real estate	22,050,007		(175,670)		21,874,337
BBCC	N/A		396,080		396,080
Residential real estate	8,467,496		—		8,467,496
Consumer	3,262,798		(3,262,798)		N/A
Indirect	N/A		1,075,235		1,075,235
Direct	N/A		649,297		649,297
Home equity	N/A		1,538,266		1,538,266
Total loans (2)	48,764,162		—		48,764,162
Allowance for credit losses on loans	(569,520)		—		(569,520)
Net loans	$	48,194,642	$	—	$	48,194,642

December 31, 2024
Commercial (1)	$	10,288,560	$	(232,301)	$	10,056,259
Commercial real estate	16,307,486		(174,438)		16,133,048
BBCC	N/A		406,739		406,739
Residential real estate	6,797,586		—		6,797,586
Consumer	2,892,255		(2,892,255)		N/A
Indirect	N/A		1,096,778		1,096,778
Direct	N/A		514,144		514,144
Home equity	N/A		1,281,333		1,281,333
Total loans (2)	36,285,887		—		36,285,887
Allowance for credit losses on loans	(392,522)		—		(392,522)
Net loans	$	35,893,365	$	—	$	35,893,365

Commercial loans are classified primarily on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its clients.

Commercial real estate loans are classified primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing Old National’s commercial real estate portfolio are diverse in terms of type and geographic location. Management monitors and evaluates commercial real estate loans based on collateral, geography, and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner-occupied loans.

Included with commercial real estate are construction loans, which are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates, financial analysis of the developers and property owners, and feasibility studies, if available. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders (including Old National), sales of developed property, or an interim loan commitment from Old National until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions, and the availability of long-term financing.

BBCC loans are typically granted to small businesses with gross revenues of less than $5 million and aggregate debt of less than $1 million. Old National has established minimum debt service coverage ratios, minimum Fair Isaac Corporation (“FICO”) scores for owners and guarantors, and the ability to show relatively stable earnings as criteria to help mitigate risk. Repayment of these loans depends on the personal income of the borrowers and the cash flows of the business. These factors can be affected by such changes as economic conditions and unemployment levels.

With respect to residential loans that are secured by 1 - 4 family residences and are generally owner occupied, Old National typically establishes a maximum loan-to-value ratio and generally requires private mortgage insurance if that ratio is exceeded. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in residential property values. Portfolio risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Indirect loans are secured by automobile collateral, generally new and used cars and trucks from auto dealers that operate within our footprint. Old National typically mitigates the risk of indirect loans by establishing minimum FICO scores, maximum loan-to-value ratios, and maximum debt-to-income ratios. Repayment of these loans depends largely on the personal income of the borrowers, which can be affected by changes in economic conditions such as unemployment levels. Portfolio risk is mitigated by the fact that the loans are of smaller amounts spread over many borrowers and ongoing reviews of dealer relationships.

Direct loans are typically secured by collateral such as auto or real estate or are unsecured. Old National has established underwriting standards such as minimum FICO scores, maximum loan-to-value ratios, and maximum debt-to-income ratios. Repayment of these loans depends largely on the personal income of the borrowers, which can be affected by changes in economic conditions such as unemployment levels. Portfolio risk is mitigated by the fact that the loans are of smaller amounts spread over many borrowers.

Home equity loans are generally secured by 1-4 family residences that are owner-occupied. Old National has established underwriting standards such as minimum FICO scores, maximum loan-to-value ratios, and maximum debt-to-income ratios. Repayment of these loans depends largely on the personal income of the borrowers, which can be affected by changes in economic conditions such as unemployment levels. Portfolio risk is mitigated by the fact that the loans are of smaller amounts spread over many borrowers, along with monitoring of updated borrower credit scores.

Credit loss assumptions used when computing the level of expected credit losses are estimated using a model that categorizes loan pools based on loss history, delinquency status, and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. The base forecast scenario considers unemployment, gross domestic product, home price index, and the BBB ratio (BBB spread to the 10-year U.S. Treasury rate). In addition to the quantitative inputs, several qualitative factors are considered. These factors include the risk that macroeconomic forecasts of unemployment, gross domestic product, home price index, and the BBB ratio may prove to be more severe and/or prolonged than our baseline forecast due to a variety of considerations. Old National’s activity in the allowance for credit losses on loans by portfolio segment was as follows:


(dollars in thousands)	Balance at Beginning of Period		Allowance Established for Acquired PCD Loans		Charge-offs		Recoveries		Provision (Release) for Loan Losses		Balance at End of Period
Year Ended December 31, 2025
Commercial	$	148,722	$	37,158	$	(63,352)	$	4,547	$	117,595	$	244,670
Commercial real estate	200,309		66,049		(43,647)		2,717		42,904		268,332
BBCC	2,813		—		(2,150)		611		1,097		2,371
Residential real estate	22,922		148		(570)		505		11,389		34,394
Indirect	8,434		6		(7,450)		2,583		4,448		8,021
Direct	2,304		47		(7,597)		2,525		5,199		2,478
Home equity	7,018		138		(261)		1,249		1,110		9,254
Total	$	392,522	$	103,546	$	(125,027)	$	14,737	$	183,742	$	569,520

Year Ended December 31, 2024
Commercial	$	118,333	$	17,838	$	(36,172)	$	1,623	$	47,100	$	148,722
Commercial real estate	155,099		8,041		(18,565)		2,713		53,021		200,309
BBCC	2,887		—		(1,801)		325		1,402		2,813
Residential real estate	20,837		134		(14)		883		1,082		22,922
Indirect	1,236		—		(5,610)		1,274		11,534		8,434
Direct	3,169		59		(8,672)		2,152		5,596		2,304
Home equity	6,049		653		(470)		330		456		7,018
Total	$	307,610	$	26,725	$	(71,304)	$	9,300	$	120,191	$	392,522

Year Ended December 31, 2023
Commercial	$	120,612	$	—	$	(41,451)	$	4,172	$	35,000	$	118,333
Commercial real estate	138,244		—		(11,198)		2,417		25,636		155,099
BBCC	2,431		—		(1,650)		275		1,831		2,887
Residential real estate	21,916		—		(256)		1,268		(2,091)		20,837
Indirect	1,532		—		(2,948)		1,559		1,093		1,236
Direct	12,116		—		(10,517)		2,331		(761)		3,169
Home equity	6,820		—		(443)		531		(859)		6,049
Total	$	303,671	$	—	$	(68,463)	$	12,553	$	59,849	$	307,610

The allowance for credit losses on loans at December 31, 2025 included $103.5 million of allowance for credit losses on acquired PCD loans established through acquisition accounting adjustments on or after the Bremer acquisition date. In addition, the provision for credit losses on loans in the year ended December 31, 2025 included $69.1 million to establish an allowance for credit losses on non-PCD Bremer loans acquired. The allowance for credit losses on loans at December 31, 2024 included $26.7 million of allowance for credit losses on acquired PCD loans established through acquisition accounting adjustments on or after the CapStar acquisition date. In addition, the provision for credit losses on loans in the year ended December 31, 2024 included $15.3 million to establish an allowance for credit losses on non-PCD loans acquired in the CapStar transaction.

Old National maintains an allowance for credit losses on unfunded loan commitments to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for credit losses on loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the balance sheet within accrued expenses and other liabilities, while the corresponding provision for unfunded loan commitments is included in the provision for credit losses. Old National’s activity in the allowance for credit losses on unfunded loan commitments was as follows:

Old National’s management monitors the credit quality of its loans on an ongoing basis with the AQR for commercial, commercial real estate, and BBCC loans reviewed annually or at renewal and the performance of its residential and consumer loans based upon the accrual status refreshed at least quarterly. Internally, management assigns an AQR to each non-homogeneous commercial, commercial real estate, and BBCC loan in the portfolio. The primary determinants of the AQR are the reliability of the primary source of repayment and the past, present, and projected financial condition of the borrower. The AQR will also consider current industry conditions. Major factors used in determining the AQR can vary based on the nature of the loan, but commonly include factors such as debt service coverage, internal cash flow, liquidity, leverage, operating performance, debt burden, FICO scores, occupancy, interest rate sensitivity, and expense burden. Old National uses the following definitions for risk ratings:


	Origination Year														Revolving to Term
(dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving				Total
December 31, 2025
Commercial:

Pass	$	3,073,330	$	1,895,772	$	1,186,468	$	1,064,904	$	619,076	$	1,567,563	$	3,458,502	$	774,686	$	13,640,301
Special Mention	23,368		84,827		88,803		18,830		7,878		8,161		82,334		14,990		329,191
Classified:
Substandard	16,253		89,293		113,232		62,649		68,265		56,616		129,209		85,729		621,246
Nonaccrual	140		1,617		6,003		7,053		1,001		654		8,659		1,944		27,071
Doubtful	—		7,337		34,925		27,218		2,409		24,547		—		49,206		145,642
Total	$	3,113,091	$	2,078,846	$	1,429,431	$	1,180,654	$	698,629	$	1,657,541	$	3,678,704	$	926,555	$	14,763,451

Commercial real estate:

Pass	$	3,746,158	$	2,363,809	$	2,510,901	$	3,325,135	$	1,945,116	$	5,082,931	$	169,450	$	886,279	$	20,029,779
Special Mention	12,351		20,695		85,266		97,148		102,821		107,590		16,239		24,962		467,072
Classified:
Substandard	14,773		34,761		184,806		294,789		116,261		321,725		45,692		120,284		1,133,091
Nonaccrual	—		4,721		1,282		6,905		5,442		24,308		—		23,642		66,300
Doubtful	—		3,120		23,039		38,716		22,966		60,503		—		29,751		178,095
Total	$	3,773,282	$	2,427,106	$	2,805,294	$	3,762,693	$	2,192,606	$	5,597,057	$	231,381	$	1,084,918	$	21,874,337

BBCC:

Pass	$	57,344	$	53,469	$	50,466	$	35,366	$	20,106	$	75,805	$	65,971	$	20,036	$	378,563
Special Mention	—		663		834		512		535		1,490		2,281		3,323		9,638
Classified:
Substandard	86		191		474		304		26		724		203		2,877		4,885
Nonaccrual	50		—		60		98		359		345		—		1,115		2,027
Doubtful	—		—		463		205		—		31		—		268		967
Total	$	57,480	$	54,323	$	52,297	$	36,485	$	21,026	$	78,395	$	68,455	$	27,619	$	396,080


	Origination Year														Revolving to Term
(dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving				Total
December 31, 2024
Commercial:

Pass	$	1,852,046	$	1,267,721	$	1,145,488	$	699,429	$	450,332	$	624,522	$	2,577,941	$	593,232	$	9,210,711
Special Mention	46,935		102,372		32,250		40,221		21,538		20,535		80,625		28,978		373,454
Classified:
Substandard	27,139		49,340		77,835		35,036		19,307		25,503		78,210		40,217		352,587
Nonaccrual	2,221		1,072		4,199		1,530		604		1,357		719		829		12,531
Doubtful	3,419		20,145		27,016		1,774		5,451		1,494		15,405		32,272		106,976
Total	$	1,931,760	$	1,440,650	$	1,286,788	$	777,990	$	497,232	$	673,411	$	2,752,900	$	695,528	$	10,056,259

Commercial real estate:

Pass	$	2,196,306	$	2,555,236	$	3,825,305	$	2,065,037	$	1,362,703	$	1,641,611	$	122,708	$	891,682	$	14,660,588
Special Mention	72,020		31,203		158,254		48,524		37,693		64,357		—		111,900		523,951
Classified:
Substandard	47,079		55,923		249,269		102,913		39,466		142,110		996		76,897		714,653
Nonaccrual	3,693		411		3,579		15,922		1,930		3,231		—		118		28,884
Doubtful	7,787		9,689		16,501		37,455		22,817		59,879		—		50,844		204,972
Total	$	2,326,885	$	2,652,462	$	4,252,908	$	2,269,851	$	1,464,609	$	1,911,188	$	123,704	$	1,131,441	$	16,133,048

BBCC:

Pass	$	79,760	$	78,420	$	55,687	$	33,857	$	30,215	$	22,797	$	67,668	$	16,265	$	384,669
Special Mention	1,579		1,067		807		917		21		224		3,582		3,028		11,225
Classified:
Substandard	468		976		56		136		598		308		755		2,876		6,173
Nonaccrual	—		114		312		177		63		119		—		551		1,336
Doubtful	—		397		841		350		15		845		—		888		3,336
Total	$	81,807	$	80,974	$	57,703	$	35,437	$	30,912	$	24,293	$	72,005	$	23,608	$	406,739


	Origination Year														Revolving to Term
(dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving				Total
December 31, 2025
Residential real estate:
Performing	$	955,730	$	539,011	$	584,626	$	1,668,796	$	1,960,186	$	2,684,743	$	—	$	598	$	8,393,690
Nonperforming	1,639		5,684		10,409		17,917		5,328		32,829		—		—		73,806
Total	$	957,369	$	544,695	$	595,035	$	1,686,713	$	1,965,514	$	2,717,572	$	—	$	598	$	8,467,496

Indirect:
Performing	$	417,924	$	296,068	$	170,873	$	124,182	$	42,664	$	17,567	$	155	$	—	$	1,069,433
Nonperforming	574		1,299		1,747		1,332		638		212		—		—		5,802
Total	$	418,498	$	297,367	$	172,620	$	125,514	$	43,302	$	17,779	$	155	$	—	$	1,075,235

Direct:
Performing	$	72,393	$	54,308	$	49,357	$	53,343	$	41,664	$	132,876	$	236,832	$	4,193	$	644,966
Nonperforming	43		404		435		402		345		2,691		—		11		4,331
Total	$	72,436	$	54,712	$	49,792	$	53,745	$	42,009	$	135,567	$	236,832	$	4,204	$	649,297

Home equity:
Performing	$	11	$	71	$	395	$	1,227	$	651	$	16,913	$	1,443,256	$	58,538	$	1,521,062
Nonperforming	42		40		45		938		95		3,359		546		12,139		17,204
Total	$	53	$	111	$	440	$	2,165	$	746	$	20,272	$	1,443,802	$	70,677	$	1,538,266

	Origination Year														Revolving to Term
	2024		2023		2022		2021		2020		Prior		Revolving				Total
December 31, 2024
Residential real estate:
Performing	$	509,704	$	476,698	$	1,455,085	$	1,662,195	$	1,574,961	$	1,058,175	$	43	$	271	$	6,737,132
Nonperforming	480		5,060		11,210		6,298		5,208		32,198		—		—		60,454
Total	$	510,184	$	481,758	$	1,466,295	$	1,668,493	$	1,580,169	$	1,090,373	$	43	$	271	$	6,797,586

Indirect:
Performing	$	438,835	$	279,910	$	227,691	$	92,223	$	37,937	$	14,810	$	—	$	—	$	1,091,406
Nonperforming	714		1,147		1,498		1,378		373		262		—		—		5,372
Total	$	439,549	$	281,057	$	229,189	$	93,601	$	38,310	$	15,072	$	—	$	—	$	1,096,778

Direct:
Performing	$	83,773	$	72,838	$	66,563	$	61,317	$	34,159	$	80,188	$	108,572	$	3,327	$	510,737
Nonperforming	96		313		365		352		468		1,730		1		82		3,407
Total	$	83,869	$	73,151	$	66,928	$	61,669	$	34,627	$	81,918	$	108,573	$	3,409	$	514,144

Home equity:
Performing	$	—	$	—	$	259	$	210	$	1,135	$	11,005	$	1,216,226	$	31,787	$	1,260,622
Nonperforming	—		—		1,278		91		209		4,920		2,594		11,619		20,711
Total	$	—	$	—	$	1,537	$	301	$	1,344	$	15,925	$	1,218,820	$	43,406	$	1,281,333


	Origination Year
(dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving		Total
Year Ended December 31, 2025
Commercial	$	820	$	14,445	$	9,200	$	24,252	$	2,873	$	11,762	$	—		$	63,352
Commercial real estate	—		—		3,787		3,347		18,799		17,714		—			43,647
BBCC	—		146		1,036		194		23		751		—			2,150
Residential real estate	—		—		—		268		—		302		—			570
Indirect	609		2,456		2,265		1,277		597		246		—			7,450
Direct	276		578		748		1,378		1,242		2,660		715			7,597
Home equity	—		—		—		101		—		160		—			261
Total gross charge-offs	$	1,705	$	17,625	$	17,036	$	30,817	$	23,534	$	33,595	$	715		$	125,027

	Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving		Total
Year Ended December 31, 2024
Commercial	$	2,892	$	13,447	$	11,797	$	2,074	$	4,061	$	923	$	978		$	36,172
Commercial real estate	70		204		84		6,570		2		11,635		—			18,565
BBCC	—		1,184		410		56		112		39		—			1,801
Residential real estate	—		—		—		—		—		14		—			14
Indirect	426		2,426		1,660		687		127		284		—			5,610
Direct	279		610		1,906		1,763		750		1,074		2,290			8,672
Home equity	—		—		—		34		—		436		—			470
Total gross charge-offs	$	3,667	$	17,871	$	15,857	$	11,184	$	5,052	$	14,405	$	3,268		$	71,304

	Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving		Total
Year Ended December 31, 2023
Commercial	$	—	$	6,475	$	24,022	$	120	$	7,245	$	2,880	$	709		$	41,451
Commercial real estate	—		54		2,808		2,144		—		6,192		—			11,198
BBCC	670		548		362		70		—		—		—			1,650
Residential real estate	—		—		—		—		—		256		—			256
Indirect	271		1,447		787		159		152		132		—			2,948
Direct	173		1,899		2,367		746		1,207		543		3,582			10,517
Home equity	—		—		—		35		—		408		—			443
Total gross charge-offs	$	1,114	$	10,423	$	30,346	$	3,274	$	8,604	$	10,411	$	4,291		$	68,463

Old National does not record interest on nonaccrual loans until principal is recovered. For all loan classes, a loan is generally placed on nonaccrual status when principal or interest becomes 90 days past due unless it is well secured and in the process of collection, or earlier when concern exists as to the ultimate collectability of principal or interest. Interest accrued but not received is reversed against earnings. Cash interest received on these loans is applied to the principal balance until the principal is recovered or until the loan returns to accrual status. Loans may be returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for a prescribed period, and future payments are reasonably assured.


(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Past Due 90 Days or More		Total Past Due		Current		Total Loans
December 31, 2025
Commercial	$	23,702	$	7,200	$	68,776	$	99,678	$	14,663,773	$	14,763,451
Commercial real estate	20,870		8,151		122,781		151,802		21,722,535		21,874,337
BBCC	1,297		1,359		463		3,119		392,961		396,080
Residential	45,817		13,650		40,512		99,979		8,367,517		8,467,496
Indirect	8,844		2,263		1,877		12,984		1,062,251		1,075,235
Direct	3,644		1,605		1,762		7,011		642,286		649,297
Home equity	7,186		2,956		8,307		18,449		1,519,817		1,538,266
Total	$	111,360	$	37,184	$	244,478	$	393,022	$	48,371,140	$	48,764,162

December 31, 2024
Commercial	$	5,970	$	12,021	$	47,257	$	65,248	$	9,991,011	$	10,056,259
Commercial real estate	19,240		12,728		60,145		92,113		16,040,935		16,133,048
BBCC	1,227		861		1,430		3,518		403,221		406,739
Residential	49,331		12,085		26,698		88,114		6,709,472		6,797,586
Indirect	9,700		2,675		1,463		13,838		1,082,940		1,096,778
Direct	2,004		970		1,470		4,444		509,700		514,144
Home equity	4,765		3,399		7,567		15,731		1,265,602		1,281,333
Total	$	92,237	$	44,739	$	146,030	$	283,006	$	36,002,881	$	36,285,887


	December 31, 2025						December 31, 2024
(dollars in thousands)	Nonaccrual Amortized Cost		Nonaccrual With No Related Allowance		Past Due 90 Days or More and Accruing		Nonaccrual Amortized Cost		Nonaccrual With No Related Allowance		Past Due 90 Days or More and Accruing
Commercial	$	172,713	$	9,665	$	1,310	$	119,507	$	30,551	$	861
Commercial real estate	244,395		57,647		—		233,856		64,453		3,126
BBCC	2,994		—		177		4,672		—		—
Residential	73,806		—		599		60,454		—		—
Indirect	5,802		—		203		5,372		—		—
Direct	4,331		—		74		3,407		—		—
Home equity	17,204		—		328		20,711		—		73
Total	$	521,245	$	67,312	$	2,691	$	447,979	$	95,004	$	4,060

When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty, and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant period-over-period changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value. The following table presents the amortized cost basis of collateral dependent loans by class of loan:


	Type of Collateral
(dollars in thousands)	Real Estate		Blanket Lien		Investment Securities/Cash		Auto		Other
December 31, 2025
Commercial	$	17,098	$	131,107	$	6,851	$	5,411	$	1,942
Commercial real estate	237,984		3,381		1,238		—		116
BBCC	1,364		832		269		260		—
Residential	73,806		—		—		—		—
Indirect	—		—		—		5,802		—
Direct	3,676		15		—		324		16
Home equity	17,204		—		—		—		—
Total	$	351,132	$	135,335	$	8,358	$	11,797	$	2,074

December 31, 2024
Commercial	$	17,520	$	68,985	$	6,980	$	6,544	$	5,215
Commercial real estate	228,952		542		1,046		—		—
BBCC	3,201		1,137		86		248		—
Residential	60,454		—		—		—		—
Indirect	—		—		—		5,372		—
Direct	2,623		16		23		396		34
Home equity	20,711		—		—		—		—
Total	$	333,461	$	70,680	$	8,135	$	12,560	$	5,249


(dollars in thousands)	Term Extension		Payment Delay		Interest Rate Reduction		Total Class of Loans
Year Ended December 31, 2025
Commercial	$	39,735	$	—	$	8,376	0.3	%
Commercial real estate	107,807		—		—		0.5	%





Total	$	147,542	$	—	$	8,376	0.3	%

Year Ended December 31, 2024
Commercial	$	43,330	$	4,637	$	—	0.4	%
Commercial real estate	151,983		2,666		—		0.9	%





Total	$	195,313	$	7,303	$	—	0.5	%

Year Ended December 31, 2023
Commercial	$	21,631	$	—	$	—	0.2	%
Commercial real estate	121,529		—		—		0.9	%





Total	$	143,160	$	—	$	—	0.4	%


(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Past Due 90 Days or More		Total Past Due		Current		Total Loans
December 31, 2025
Commercial	$	8,203	$	—	$	3,934	$	12,137	$	35,974	$	48,111
Commercial real estate	—		—		2,517		2,517		105,290		107,807





Total	$	8,203	$	—	$	6,451	$	14,654	$	141,264	$	155,918

December 31, 2024
Commercial	$	—	$	1,352	$	3,900	$	5,252	$	42,715	$	47,967
Commercial real estate	3,804		1,741		4,920		10,465		144,184		154,649





Total	$	3,804	$	3,093	$	8,820	$	15,717	$	186,899	$	202,616


	Weighted- Average Term Extension (in months)	Weighted- Average Payment Delay (in months)	Weighted- Average Interest Rate Reduction
Year Ended December 31, 2025
Commercial	5.5	—	1.50	%
Commercial real estate	7.9	—	—	%





Total	7.3	—	1.50	%

Year Ended December 31, 2024
Commercial	7.2	6.0	—	%
Commercial real estate	7.2	7.0	—	%





Total	7.2	6.4	—	%

Year Ended December 31, 2023
Commercial	6.1	—	—	%
Commercial real estate	8.6	—	—	%





Total	8.2	—	—	%

There were payment defaults on $6.5 million of loans during the year ended December 31, 2025 to borrowers whose loans were modified due to financial difficulties within the previous twelve months. There were payment defaults on $8.8 million of loans during the year ended December 31, 2024 to borrowers whose loans were modified due to financial difficulties within the previous twelve months. The payment defaults did not materially impact the allowance for credit losses on loans.