Loans and Leases

9 Months Ended

Sep. 30, 2025

Loans and leases at September 30, 2025 and December 31, 2024 were as follows:


(In thousands)	9/30/2025		12/31/2024
Commercial and industrial
Agriculture	$	101,797	$	110,007
Commercial and industrial other	938,601		855,568
Subtotal commercial and industrial	1,040,398		965,575
Commercial real estate
Construction	381,678		385,931
Agriculture	226,656		217,582
Commercial real estate other	2,964,330		2,776,304
Subtotal commercial real estate	3,572,664		3,379,817
Residential real estate
Home equity	222,202		204,194
Mortgages	1,357,654		1,366,646
Subtotal residential real estate	1,579,856		1,570,840
Consumer and other
Indirect	90		229
Consumer and other	88,773		96,163
Subtotal consumer and other	88,863		96,392
Leases	10,936		12,484
Total loans and leases	6,292,717		6,025,108
Less: unearned income and deferred costs and fees	(4,646)		(5,186)
Total loans and leases, net of unearned income and deferred costs and fees	$	6,288,071	$	6,019,922

The Company has adopted comprehensive lending policies, underwriting standards and loan review procedures. Management reviews these policies and procedures on a regular basis. The Company discussed its lending policies and underwriting guidelines for its various lending portfolios in Note 3 – "Loans and Leases" in the Notes to Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. There have been no significant changes in these policies and guidelines since the date of that report. As such, these policies are reflective of new originations as well as those balances held at December 31, 2024. The Company’s Board of Directors approves the lending policies at least annually. The Company recognizes that exceptions to policy guidelines may occasionally occur and has established procedures for approving exceptions to these policy guidelines. Management has also implemented reporting

systems to monitor loan origination, loan quality, concentrations of credit, loan delinquencies and nonperforming loans and potential problem loans.

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments are due. Generally loans are placed on nonaccrual status if principal or interest payments become 90 days or more past due and/or management deems the collectability of the principal and/or interest to be in question as well as when required by regulatory agencies. When interest accrual is discontinued, all unpaid accrued interest is reversed. Payments received on loans on nonaccrual are generally applied to reduce the principal balance of the loan. Loans are generally returned to accrual status when all the principal and interest amounts due are brought current, the borrower has established a payment history, and future payments are reasonably assured. When management determines that the collection of principal in full is not probable, management will charge-off a partial amount or full amount of the loan balance. Management considers specific facts and circumstances relative to each individual credit in making such a determination. For residential and consumer loans, management uses specific regulatory guidance and thresholds for determining charge-offs.

The below tables are an age analysis of past due loans, segregated by class of loans and leases, as of September 30, 2025 and December 31, 2024:


(In thousands)	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total Loans
September 30, 2025

Commercial and industrial
Agriculture	$	5	$	0	$	0	$	5	$	101,792	$	101,797
Commercial and industrial other	3,268		388		2,903		6,559		932,042		938,601
Subtotal commercial and industrial	3,273		388		2,903		6,564		1,033,834		1,040,398
Commercial real estate
Construction	0		1,360		17,302		18,662		363,016		381,678
Agriculture	0		140		0		140		226,516		226,656
Commercial real estate other	172		214		12,857		13,243		2,951,087		2,964,330
Subtotal commercial real estate	172		1,714		30,159		32,045		3,540,619		3,572,664
Residential real estate
Home equity	47		0		2,065		2,112		220,090		222,202
Mortgages	0		1,761		9,542		11,303		1,346,351		1,357,654
Subtotal residential real estate	47		1,761		11,607		13,415		1,566,441		1,579,856
Consumer and other
Indirect	3		1		4		8		82		90
Consumer and other	394		88		183		665		88,108		88,773
Subtotal consumer and other	397		89		187		673		88,190		88,863
Leases	0		0		0		0		10,936		10,936
Total loans and leases	3,889		3,952		44,856		52,697		6,240,020		6,292,717
Less: unearned income and deferred costs and fees	0		0		0		0		(4,646)		(4,646)
Total loans and leases, net of unearned income and deferred costs and fees	$	3,889	$	3,952	$	44,856	$	52,697	$	6,235,374	$	6,288,071


(In thousands)	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total Loans
December 31, 2024

Commercial and industrial
Agriculture	$	0	$	0	$	0	$	0	$	110,007	$	110,007
Commercial and industrial other	3,944		32		684		4,660		850,908		855,568
Subtotal commercial and industrial	3,944		32		684		4,660		960,915		965,575
Commercial real estate
Construction	1,120		17,400		0		18,520		367,411		385,931
Agriculture	81		0		0		81		217,501		217,582
Commercial real estate other	0		1,605		11,966		13,571		2,762,733		2,776,304
Subtotal commercial real estate	1,201		19,005		11,966		32,172		3,347,645		3,379,817
Residential real estate
Home equity	955		91		1,811		2,857		201,337		204,194
Mortgages	0		2,836		9,257		12,093		1,354,553		1,366,646
Subtotal residential real estate	955		2,927		11,068		14,950		1,555,890		1,570,840
Consumer and other
Indirect	3		2		7		12		217		229
Consumer and other	430		329		354		1,113		95,050		96,163
Subtotal consumer and other	433		331		361		1,125		95,267		96,392
Leases	0		0		0		0		12,484		12,484
Total loans and leases	6,533		22,295		24,079		52,907		5,972,201		6,025,108
Less: unearned income and deferred costs and fees	0		0		0		0		(5,186)		(5,186)
Total loans and leases, net of unearned income and deferred costs and fees	$	6,533	$	22,295	$	24,079	$	52,907	$	5,967,015	$	6,019,922

The following tables present the amortized cost basis of loans and leases on nonaccrual status and the amortized cost basis of loans on nonaccrual status for which there was no related allowance for credit losses. The below tables are an age analysis of nonaccrual loans segregated by class of loans and leases, as of September 30, 2025 and December 31, 2024:


(In thousands)	Nonaccrual Loans and Leases with no ACL		Nonaccrual Loans and Leases		Loans and Leases Past Due Over 89 Days and Accruing		Nonaccrual Loans and Leases with no ACL		Nonaccrual Loans and Leases		Loans and Leases Past Due Over 89 Days and Accruing
	September 30, 2025						December 31, 2024

Commercial and industrial
Agriculture	$	0	$	0	$	0	$	0	$	519	$	0
Commercial and industrial other	0		4,978		0		0		1,023		0
Subtotal commercial and industrial	0		4,978		0		0		1,542		0
Commercial real estate
Construction	0		17,302		0		0		0		0
Agriculture	0		95		0		0		129		0
Commercial real estate other	6,543		13,725		0		24,179		32,461		0
Subtotal commercial real estate	6,543		31,122		0		24,179		32,590		0
Residential real estate
Home equity	232		2,700		0		610		2,889		0
Mortgages	2,272		13,911		1		1,338		13,389		9
Subtotal residential real estate	2,504		16,611		1		1,948		16,278		9
Consumer and other
Indirect	0		4		0		0		13		0
Consumer and other	0		90		165		0		125		314
Subtotal consumer and other	0		94		165		0		138		314
Leases	0		0		0		0		0		0
Total loans and leases	$	9,047	$	52,805	$	166	$	26,127	$	50,548	$	323

The Company did not recognize any interest income on nonaccrual loans during the three and nine months ended September 30, 2025 and 2024.