The Company periodically reviews and updates the segmentation of its loan portfolio. Updates performed in conjunction with adoption of ASC 326 in 2023 consisted of reporting what had been a single class, commercial real estate loans, as three classes - commercial real estate owner occupied, commercial real estate non-owner occupied, and commercial multi-family. In addition home equity installment loans which had previously been included in the residential term class were included in the home equity revolving and term class. In the first quarter of 2024, a new segment was established for Agriculture loans, and there have been no subsequent segmentation changes.


	September 30, 2025				December 31, 2024				September 30, 2024
Commercial
Real estate owner occupied	$	375,263,000	15.6	%	$	358,588,000	15.3	%	$	348,287,000	15.1	%
Real estate non-owner occupied	414,481,000		17.3	%	403,899,000		17.3	%	408,361,000		17.7	%
Construction	51,753,000		2.1	%	99,717,000		4.3	%	87,992,000		3.8	%
C&I	376,911,000		15.7	%	365,817,000		15.6	%	368,415,000		16.0	%
Multifamily	136,515,000		5.7	%	108,732,000		4.6	%	110,472,000		4.8	%
Agriculture	55,489,000		2.3	%	52,219,000		2.2	%	51,274,000		2.2	%
Municipal	68,593,000		2.9	%	61,827,000		2.6	%	62,944,000		2.7	%
Residential
Term	730,624,000		30.5	%	710,807,000		30.4	%	698,068,000		30.2	%
Construction	32,779,000		1.4	%	35,481,000		1.5	%	34,628,000		1.5	%
Home Equity
Revolving and term	137,018,000		5.7	%	123,063,000		5.3	%	117,028,000		5.1	%
Consumer	19,084,000		0.8	%	20,790,000		0.9	%	19,784,000		0.9	%
Total	$	2,398,510,000	100.0	%	$	2,340,940,000	100.0	%	$	2,307,253,000	100.0	%

Loan balances include net deferred loan costs of $12,837,000 as of September 30, 2025, $12,457,000 as of December 31, 2024, and $12,266,000 as of September 30, 2024. Net deferred loan costs have increased from a year ago and year-to-date based upon loan origination unit volume over the periods, prepayments, and normal repayment activity. Loan balances in the Residential Term segment also include a valuation adjustment for fair value swaps hedged by certain loans in the portfolio. This adjustment added $958,000, $758,000 and $2,462,000 to the loan balances as of September 30, 2025, December 31, 2024 and September 30, 2024, respectively. Also included in Residential term loan balances is a valuation adjustment for the

Pledged Loans: Pursuant to collateral agreements, qualifying first mortgage loans and commercial real estate loans, which totaled $663,439,000 at September 30, 2025, were used to collateralize borrowings from the FHLBB. This compares to qualifying loans which totaled $626,851,000 at December 31, 2024, and $622,370,000 at September 30, 2024. In addition, commercial, residential construction and home equity loans totaling $376,592,000 at September 30, 2025, $392,562,000 at December 31, 2024, and $364,068,000 at September 30, 2024, were used to collateralize a standby line of credit at the FRBB.


	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate owner occupied	$	660,000	$	183,000	$	3,361,000	$	4,204,000	$	371,059,000	$	375,263,000	$	—
Real estate non-owner occupied	1,285,000		—		—		1,285,000		413,196,000		414,481,000		—
Construction	—		—		—		—		51,753,000		51,753,000		—
C&I	412,000		264,000		779,000		1,455,000		375,456,000		376,911,000		—
Multifamily	2,626,000		—		—		2,626,000		133,889,000		136,515,000		—
Agriculture	94,000		—		118,000		212,000		55,277,000		55,489,000		—
Municipal	—		—		—		—		68,593,000		68,593,000		—
Residential
Term	649,000		1,349,000		2,591,000		4,589,000		726,035,000		730,624,000		1,428,000
Construction	—		—		—		—		32,779,000		32,779,000		—
Home equity
Revolving and term	1,310,000		372,000		212,000		1,894,000		135,124,000		137,018,000		—
Consumer	185,000		97,000		74,000		356,000		18,728,000		19,084,000		74,000
Total	$	7,221,000	$	2,265,000	$	7,135,000	$	16,621,000	$	2,381,889,000	$	2,398,510,000	$	1,502,000

Information on the past-due status of loans by class of financing receivable as of December 31, 2024, is presented in the following table:


	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate owner occupied	$	—	$	257,000	$	292,000	$	549,000	$	358,039,000	$	358,588,000	$	—
Real estate non-owner occupied	—		—		—		—		403,899,000		403,899,000		—
Construction	—		—		—		—		99,717,000		99,717,000		—
C&I	346,000		1,112,000		540,000		1,998,000		363,819,000		365,817,000		10,000
Multifamily	—		—		—		—		108,732,000		108,732,000		—
Agriculture	115,000		—		—		115,000		52,104,000		52,219,000		—
Municipal	—		—		—		—		61,827,000		61,827,000		—
Residential
Term	137,000		2,614,000		935,000		3,686,000		707,121,000		710,807,000		778,000
Construction	390,000		—		—		390,000		35,091,000		35,481,000		—
Home equity
Revolving and term	1,074,000		368,000		94,000		1,536,000		121,527,000		123,063,000		—
Consumer	592,000		285,000		232,000		1,109,000		19,681,000		20,790,000		232,000
Total	$	2,654,000	$	4,636,000	$	2,093,000	$	9,383,000	$	2,331,557,000	$	2,340,940,000	$	1,020,000


	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate owner occupied	$	—	$	64,000	$	98,000	$	162,000	$	348,125,000	$	348,287,000	$	—
Real estate non-owner occupied	—		—		—		—		408,361,000		408,361,000		—
Construction	—		—		—		—		87,992,000		87,992,000		—
C&I	318,000		708,000		44,000		1,070,000		367,345,000		368,415,000		—
Multifamily	—		—		—		—		110,472,000		110,472,000		—
Agriculture	210,000		—		—		210,000		51,064,000		51,274,000		—
Municipal	—		—		—		—		62,944,000		62,944,000		—
Residential
Term	70,000		166,000		500,000		736,000		697,332,000		698,068,000		144,000
Construction	—		—		—		—		34,628,000		34,628,000		—
Home equity
Revolving and term	508,000		—		4,000		512,000		116,516,000		117,028,000		—
Consumer	343,000		13,000		261,000		617,000		19,167,000		19,784,000		261,000
Total	$	1,449,000	$	951,000	$	907,000	$	3,307,000	$	2,303,946,000	$	2,307,253,000	$	405,000

Non-Accrual Loans: For all classes, loans are placed on non-accrual status when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or when principal and interest is 90 days or more past due unless the loan is both well secured and in the process of collection (in which case the loan may continue to accrue interest in spite of its past due status). A loan is "well secured" if it is secured (1) by collateral in the form of liens on or pledges of real or personal property, including securities, that have a realizable value sufficient to discharge the debt (including accrued interest) in full, or (2) by the guarantee of a financially responsible party. A loan is "in the process of collection" if collection of the loan is proceeding in due course either (1) through legal action, including judgment enforcement procedures, or, (2) in appropriate circumstances, through collection efforts not involving legal action which are reasonably expected to result in repayment of the debt or in its restoration to a current status in the near future.

Cash payments received on non-accrual loans are applied to reduce the loan's principal balance until the remaining principal balance is deemed collectible, after which interest is recognized when collected. As a general rule, a loan may be restored to accrual status when payments are current for a substantial period of time, generally six months, and repayment of the remaining contractual amounts is expected, or when it otherwise becomes well secured and in the process of collection.


	September 30, 2025						December 31, 2024						September 30, 2024
	Non-accrual with Allowance for Credit Loss		Non-accrual with no Allowance for Credit Loss		Total Non-accrual		Non-accrual with Allowance for Credit Loss		Non-accrual with no Allowance for Credit Loss		Total Non-accrual		Non-accrual with Allowance for Credit Loss		Non-accrual with no Allowance for Credit Loss		Total Non-accrual
Commercial
Real estate owner occupied	$	—	$	3,891,000	$	3,891,000	$	—	$	553,000	$	553,000	$	—	$	367,000	$	367,000
Real estate non-owner occupied	—		61,000		61,000		—		61,000		61,000		—		—		—
Construction	—		9,000		9,000		—		18,000		18,000		—		19,000		19,000
C&I	1,141,000		580,000		1,721,000		1,359,000		336,000		1,695,000		—		129,000		129,000
Multifamily	—		—		—		—		—		—		—		—		—
Agriculture	—		187,000		187,000		—		31,000		31,000		—		31,000		31,000
Municipal	—		—		—		—		—		—		—		—		—
Residential
Term	—		3,110,000		3,110,000		—		1,599,000		1,599,000		—		1,686,000		1,686,000
Construction	—		—		—		—		—		—		—		—		—
Home equity
Revolving and term	—		610,000		610,000		—		291,000		291,000		—		265,000		265,000
Consumer	—		6,000		6,000		—		—		—		—		—		—
Total	$	1,141,000	$	8,454,000	$	9,595,000	$	1,359,000	$	2,889,000	$	4,248,000	$	—	$	2,497,000	$	2,497,000

Individually Analyzed Loans: IAL include loans with balances of $250,000 or more that have been placed into non-accrual or are loans identified by management as having characteristics that may impact ultimate collectibility and therefore merit individual analysis. These loans are measured at the present value of expected future cash flows discounted at the loan's effective interest rate or at the fair value of the collateral if the loan is collateral dependent. If the measure of an IAL loan is lower than the recorded investment in the loan and estimated selling costs, a specific reserve is established for the difference, or, in certain situations, if the measure of an IAL loan is lower than the recorded investment in the loan and estimated selling costs, the difference is written off.

The following table presents the amortized cost basis of collateral-dependent loans as of September 30, 2025, December 31, 2024 and September 30, 2024, by collateral type:


	September 30, 2025						December 31, 2024					September 30, 2024
	Collateral Type						Collateral Type					Collateral Type
	Commercial Real Estate		Residential Real Estate		Other			Commercial Real Estate		Residential Real Estate		Other		Commercial Real Estate		Residential Real Estate
Commercial
Real estate owner occupied	$	3,367,000	$	—	$	—		$	263,000	$	—	$	—	$	270,000	$	—
Real estate non-owner occupied	61,000		—		—			67,000		—		—		—		—
Construction	—		—		—			—		—		—		—		—
C&I	—		—		1,144,000			—		—		1,438,000		—		—
Multifamily	—		—		—			—		—		—		—		—
Agriculture	—		—		—			—		—		—		—		—
Municipal	—		—		—			—		—		—		—		—
Residential
Term	—		1,928,000		—			—		558,000		—		—		566,000
Construction	—		—		—			—		—		—		—		—
Home equity
Revolving and term	—		—		—			—		—		—		—		—
Consumer	—		—		—			—		—		—		—		—
Total	$	3,428,000	$	1,928,000	$	1,144,000		$	330,000	$	558,000	$	1,438,000	$	270,000	$	566,000

Loan Modifications to Borrowers Experiencing Financial Difficulty: Loan modifications to borrowers experiencing financial difficulty may include interest rate reduction, term extension, payment deferral, principle forgiveness or a combination thereof. It is the intent to minimize future losses while providing borrowers with financial relief.


Amortized Cost Basis
	Payment Deferral		Term Extension		Rate Mod		Combination Payment Deferral and Term Extension		% of Total Class of Financing Receivable
Commercial
Real estate owner occupied	$	704,000	$	164,000	$	—	$	—	0.23	%
Real estate non-owner occupied	115,000		—		—		—		0.03	%
Construction	—		—		—		—		—	%
C&I	335,000		143,000		—		—		0.13	%
Multifamily	—		—		4,034,000		—		2.95	%
Agriculture	237,000		—		—		—		0.43	%
Municipal	—		—		—		—		—	%
Residential
Term	—		—		—		428,000		0.06	%
Construction	—		—		—		—		—	%
Home Equity
Revolving and term	—		—		—		—		—	%
Consumer	—		—		—		—		—	%
Total	$	1,391,000	$	307,000	$	4,034,000	$	428,000


			Payment Deferral
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, payments deferred to end of loan.
Real estate non-owner occupied			Temporary payment accommodation, payments deferred to end of loan.

C&I			Temporary payment accommodation, payments deferred to end of loan.

Agriculture			Temporary payment accommodation, payments deferred to end of loan.


Amortized Cost Basis
	Payment Deferral		Term Extension		Rate Mod		Combination Payment Deferral and Term Extension		Combination Payment Deferral and Rate Mod		Combination of Payment Deferral, Term & Rate Mod		% of Total Class of Financing Receivable
Commercial
Real estate owner occupied	$	858,000	$	164,000	$	—	$	337,000	$	—	$	—	0.36	%
Real estate non-owner occupied	115,000		—		—		—		61,000		1,285,000		0.35	%
Construction	—		—		—		—		—		—		—	%
C&I	606,000		144,000		—		188,000		467,000		—		0.37	%
Multifamily	902,000		—		4,034,000		—		—		—		3.62	%
Agriculture	1,952,000		—		—		—		—		—		3.52	%
Municipal	—		—		—		—		—		—		—	%
Residential
Term	—		—		—		632,000		—		357,000		0.14	%
Construction	—		—		—		—		—		—		—	%
Home Equity
Revolving and term	—		—		—		367,000		—		—		0.27	%
Consumer	—		—		—		—		—		—		—	%
Total	$	4,433,000	$	308,000	$	4,034,000	$	1,524,000	$	528,000	$	1,642,000



			Payment Deferral
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation - payments deferred to end of loan; 5 yr balloon payment
Real estate non-owner occupied			Temporary payment accommodation, payments deferred to end of loan.

C&I			Temporary payment accommodation, payments deferred to end of loan.
Multifamily			Temporary payment accommodation, payments deferred to end of loan.
Agriculture			Temporary payment accommodation - payments deferred to end of loan; payments deferred for 6 months



			Combination Payment Deferral and Term Extension
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, payments deferred to end of loan.


C&I			Temporary payment accommodation, payments deferred to end of loan.


Residential
Term			Temporary payment accommodation, payments deferred to end of loan.
Home Equity
Revolving and term			Temporary payment accommodation, payments deferred to end of loan.


			Combination of Payment Deferral, Term & Rate Mod
			Financial Effect
Commercial

Real estate non-owner occupied			Seasonal payments, 5 yr balloon; 60 month term, 120 month amort; WSJP 0.50%


Residential
Term			Seasonal payments, 3 yr balloon; 36 month term, 300 month amort; fixed rate


Amortized Cost Basis
	Payment Deferral		Term Extension		Rate Mod		Principal Forgiveness		Combination Payment Deferral and Term Extension		% of Total Class of Financing Receivable
Commercial
Real estate owner occupied	$	—	$	—	$	—	$	—	$	—	—	%
Real estate non-owner occupied	—		—		—		—		—		—	%
Construction	—		—		—		—		—		—	%
C&I	—		—		—		—		55,000		0.01	%
Multifamily	—		—		—		—		—		—	%
Agriculture	—		—		—		—		—		—	%
Municipal	—		—		—		—		—		—	%
Residential
Term	—		—		—		—		—		—	%
Construction	—		—		—		—		—		—	%
Home Equity
Revolving and term	—		—		—		—		—		—	%
Consumer	—		—		—		—		—		—	%
Total	$	—	$	—	$	—	$	—	$	55,000


Amortized Cost Basis
	Payment Deferral		Term Extension		Rate Mod		Principal Forgiveness		Combination Payment Deferral and Term Extension		% of Total Class of Financing Receivable
Commercial
Real estate owner occupied	$	635,000	$	—	$	—	$	—	$	—	0.18	%
Real estate non-owner occupied	—		—		—		—		—		—	%
Construction	69,000		—		—		—		—		0.08	%
C&I	175,000		—		—		—		225,000		0.11	%
Multifamily	1,932,000		—		—		—		—		1.75	%
Agriculture	—		—		—		—		—		—	%
Municipal	—		—		—		—		—		—	%
Residential
Term	1,020,000		—		—		—		—		0.15	%
Construction	—		—		—		—		—		—	%
Home Equity
Revolving and term	—		—		—		—		68,000		0.06	%
Consumer	—		—		—		—		—		—	%
Total	$	3,831,000	$	—	$	—	$	—	$	293,000


			Payment Deferral
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, payments deferred to end of loan.

Construction			Temporary payment accommodation, payments deferred to end of loan.
C&I			Temporary payment accommodation, payments deferred to end of loan.
Multifamily			Temporary payment accommodation, payments deferred to end of loan.
Residential
Term			Temporary payment accommodation, payments deferred to end of loan.

The Company monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts loans that were modified during the previous 12 months as of September 30, 2025 which defaulted upon the modified terms within 12 months of the modification:


	Payment Status (Amortized Cost Basis)
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due
Commercial
Real estate owner occupied	$	257,000	$	—	$	—
Real Estate non-owner occupied	1,285,000		—		—
Construction	—		—		—
C&I	199,000		—		—
Multifamily	—		—		—
Agriculture	—		—		—
Residential
Term	686,000		—		—
Home Equity
Revolving and term	367,000		—		—
Consumer	—		—		—
Total	$	2,794,000	$	—	$	—


	Payment Status (Amortized Cost Basis)
	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due
Commercial
Real estate owner occupied	$	1,102,000	$	257,000	$	—	$	—
Real Estate non-owner occupied	176,000		1,285,000		—		—
Construction	—		—		—		—
C&I	1,217,000		199,000		—		—
Multifamily	4,936,000		—		—		—
Agriculture	1,952,000		—		—		—
Residential
Term	548,000		561,000		—		—
Home Equity
Revolving and term	—		367,000		—		—
Consumer	—		—		—		—
Total	$	9,931,000	$	2,669,000	$	—	$	—


	Payment Status (Amortized Cost Basis)
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due
Commercial
Real estate owner occupied	$	503,000	$	—	$	283,000


C&I	41,000		205,000		—


Residential
Term	—		449,000		—


Consumer	—		—		13,000
Total	$	544,000	$	654,000	$	296,000


	Payment Status (Amortized Cost Basis)
	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due
Commercial
Real estate owner occupied	$	903,000	$	—	$	—	$	—
Construction	69,000		—		—		—
C&I	230,000		—		205,000		—
Multifamily	1,932,000		—		—		—

Residential
Term	1,020,000		—		—		—
Home Equity
Revolving and term	68,000		—		—		—
Consumer	18,000		—		—		—
Total	$	4,240,000	$	—	$	205,000	$	—

Loans in Process of Foreclosure: As of September 30, 2025, there were three mortgage loans collateralized by residential real estate with a total balance of $935,000 and one home equity line of credit collateralized by residential real estate with a total balance of $63,000, in the process of foreclosure. This compares to three mortgage loans collateralized by residential real estate in the process of foreclosure with a total balance of $192,000 as of December 31, 2024, and two mortgage loans collateralized by residential real estate in the process of foreclosure with a total balance of $127,000 as of September 30, 2024.