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Loans, Leases and Allowance

3 Months Ended

Mar. 31, 2026

The following table shows the composition of the loan and lease portfolio at March 31, 2026 and December 31, 2025:


	March 31, 2026		December 31, 2025

Commercial mortgage	$	414,875	$	414,316
Commercial and industrial	145,214		142,508
Construction and development	74,318		71,705
Multi-family	208,034		208,894
Residential mortgage	166,257		171,063
Home equity lines of credit	21,398		20,147
Direct financing leases	142,979		145,806
Consumer	18,179		19,280
	1,191,254		1,193,719
Less
Allowance for credit losses on loans and leases	16,740		16,466
Deferred loan fees	392		440

	$	1,174,122	$	1,176,813

The Company rates all loans and leases by credit quality using the following designations:

Grade 1 – Exceptional

Exceptional loans and leases are top-quality loans to individuals whose financial credentials are well known to the Company. These loans and leases have excellent sources of repayment, are well documented and/or virtually free of risk (i.e., CD secured loans).

Grade 2 – Quality Loans and Leases

These loans and leases have excellent sources of repayment with no identifiable risk of collection, and they conform in all respects to Company policy and IDFI and FDIC regulations. Documentation exceptions are minimal or are in the process of being corrected and not of a type that could subsequently expose the Company to risk of loss.

Grade 3 – Acceptable Loans

This category is for “average” quality loans and leases. These loans and leases have adequate sources of repayment with little identifiable risk of collection and they conform to Company policy and IDFI/FDIC regulations.

Grade 4 – Acceptable but Monitored

Loans and leases in this category may have a greater than average risk due to financial weakness or uncertainty but do not appear to require classification as special mention or substandard loans. Loans and leases rated “4” need to be monitored on a regular basis to ascertain that the reasons for placing them in this category do not advance or worsen.

Grade 5 – Special Mention

Loans and leases in this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or lease or in the Company’s credit position at some future date. Special Mention loans and leases are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. This special mention rating is designed to identify a specific level of risk and concern about an asset’s quality. Although a special mention loan or lease has a higher probability of default than a pass rated loan or lease, its default is not imminent.

Grade 6 – Substandard

Loans and leases in this category are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected.

Substandard loans and leases have a high probability of payment default, or they have other well-defined weaknesses. Such loans and leases have a distinct potential for loss; however, an individual loan’s or lease’s potential for loss does not have to be distinct for the loan or lease to be rated substandard.

The following are examples of situations that might cause a loan or lease to be graded a “6”:

•Cash flow deficiencies (losses) jeopardize future loan or lease payments.

•Sale of non-collateral assets has become a primary source of loan or lease repayment.

•The relationship has deteriorated to the point that sale of collateral is now the Company’s primary source of repayment, unless this was the original source of loan or lease repayment.

•The borrower is bankrupt or for any other reason future repayment is dependent on court action.

Grade 7 – Doubtful

A loan or lease classified as doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. A doubtful loan or lease has a high probability of total or substantial loss. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Because of high probability of loss, nonaccrual accounting treatment will be required for doubtful loans and leases.

Grade 8 – Loss

Loans and leases classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan or lease even though partial recovery may be effected in the future.

No material changes have been made to the risk characteristics discussed above contained in the Company's 2025 Form 10-K.

The following tables present the credit risk profile of the Company’s loan and lease portfolio based on rating category, payment activity, and origination year as of March 31, 2026 and December 31, 2025:


	2026		2025		2024		2023		2022		Prior		Revolving loans amortized cost basis		Total
As of March 31, 2026:
Commercial mortgage
Pass	$	4,220	$	66,928	$	30,684	$	41,649	$	80,511	$	136,857	$	45,505	$	406,354
Special Mention	873		—		—		—		—		—		—		873
Substandard	—		—		—		—		—		7,648		—		7,648
Total Commercial mortgage	5,093		66,928		30,684		41,649		80,511		144,505		45,505		414,875
Current period gross charge-offs	—		—		—		—		—		—		—		—
Commercial and industrial
Pass	5,127		23,299		13,967		20,297		5,497		20,067		55,166		143,420

Substandard	—		—		—		—		137		29		1,628		1,794
Total Commercial and industrial	5,127		23,299		13,967		20,297		5,634		20,096		56,794		145,214
Current period gross charge-offs	—		—		—		—		—		—		—		—
Construction and development
Pass	7,680		36,194		6,735		1,913		1,509		15,387		—		69,418

Substandard	—		—		—		—		—		4,900		—		4,900
Total Construction and development	7,680		36,194		6,735		1,913		1,509		20,287		—		74,318
Current period gross charge-offs	—		—		—		—		—		—		—		—
Multi-family
Pass	1,840		19,004		16,966		11,005		60,392		64,027		27,649		200,883

Substandard	—		—		—		—		2,362		4,789		—		7,151
Total Multi-family	1,840		19,004		16,966		11,005		62,754		68,816		27,649		208,034
Current period gross charge-offs	—		—		—		—		—		—		—		—
Residential mortgage
Pass	2,852		21,079		13,536		29,155		24,279		69,537		4,077		164,515
Substandard	—		—		—		107		46		1,589		—		1,742
Total Residential mortgage	2,852		21,079		13,536		29,262		24,325		71,126		4,077		166,257
Current period gross charge-offs	—		—		—		—		—		—		—		—
Home equity
Pass	59		45		—		222		—		57		20,973		21,356
Special Mention	—		—		—		—		—		—		30		30
Substandard	—		—		—		—		—		—		12		12
Total Home equity lines of credit	59		45		—		222		—		57		21,015		21,398
Current period gross charge-offs	—		—		—		—		—		—		—		—
Direct financing leases
Pass	14,718		54,920		33,251		26,709		9,755		2,257		—		141,610
Substandard	—		31		16		166		59		13		—		285
Doubtful	—		76		239		530		220		19		—		1,084
Total Direct financing leases	14,718		55,027		33,506		27,405		10,034		2,289		—		142,979
Current period gross charge-offs	—		14		120		304		37		63		—		538
Consumer
Pass	1,203		5,550		4,150		3,331		2,553		1,340		—		18,127
Substandard	—		—		—		21		19		12		—		52
Total Consumer	1,203		5,550		4,150		3,352		2,572		1,352		—		18,179
Current period gross charge-offs	7		—		—		4		—		—		—		11

Total Loans and Leases	$	38,572	$	227,126	$	119,544	$	135,105	$	187,339	$	328,528	$	155,040	$	1,191,254
Total current period gross charge-offs	$	7	$	14	$	120	$	308	$	37	$	63	$	—	$	549


	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Total
As of December 31, 2025:
Commercial mortgage
Pass	$	65,746	$	28,457	$	43,078	$	81,156	$	38,485	$	104,920	$	44,820	$	406,662

Substandard	—		—		—		—		7,654		—		—		7,654
Total Commercial mortgage	65,746		28,457		43,078		81,156		46,139		104,920		44,820		414,316
Current period gross charge-offs	—		—		—		—		—		—		—		—
Commercial and industrial
Pass	24,361		14,524		21,342		6,601		9,148		11,218		53,505		140,699

Substandard	—		—		—		173		—		30		1,606		1,809
Total Commercial and industrial	24,361		14,524		21,342		6,774		9,148		11,248		55,111		142,508
Current period gross charge-offs	—		—		—		—		2		—		—		2
Construction and development
Pass	31,478		14,823		1,914		1,516		15,946		105		—		65,782
Special Mention	—		—		429		594		—		—		—		1,023
Substandard	—		—		—		—		—		4,900		—		4,900
Total Construction and development	31,478		14,823		2,343		2,110		15,946		5,005		—		71,705
Current period gross charge-offs	—		—		—		—		—		—		—		—
Multi-family
Pass	19,060		16,545		10,946		62,286		46,369		20,269		26,246		201,721

Substandard	—		—		—		2,362		1,355		3,456		—		7,173
Total Multi-family	19,060		16,545		10,946		64,648		47,724		23,725		26,246		208,894
Current period gross charge-offs	—		—		—		—		—		—		—		—
Residential mortgage
Pass	25,873		14,224		29,613		24,979		25,038		46,869		2,944		169,540
Substandard	—		—		234		—		446		843		—		1,523
Total Residential mortgage	25,873		14,224		29,847		24,979		25,484		47,712		2,944		171,063
Current period gross charge-offs	—		—		—		—		—		—		—		—
Home equity
Pass	48		—		224		—		57		—		19,730		20,059
Substandard	—		—		—		—		—		—		88		88
Total Home equity lines of credit	48		—		224		—		57		—		19,818		20,147
Current period gross charge-offs	—		—		—		—		—		—		—		—
Direct financing leases
Pass	59,587		37,199		31,748		12,243		3,128		604		—		144,509
Substandard	—		64		225		232		61		—		—		582
Doubtful	40		212		392		38		33		—		—		715
Total Direct financing leases	59,627		37,475		32,365		12,513		3,222		604		—		145,806
Current period gross charge-offs	9		260		961		413		291		23		—		1,957
Consumer
Pass	6,246		4,586		3,793		2,933		1,163		391		122		19,234
Substandard	—		—		24		—		22		—		—		46
Total Consumer	6,246		4,586		3,817		2,933		1,185		391		122		19,280
Current period gross charge-offs	51		19		55		72		9		23		—		229

Total Loans and Leases	$	232,439	$	130,634	$	143,962	$	195,113	$	148,905	$	193,605	$	149,061	$	1,193,719
Total current period gross charge-offs	$	60	$	279	$	1,016	$	485	$	302	$	46	$	—	$	2,188

For the three months ended March 31, 2026 and December 31, 2025, the Company did not have any revolving loans convert to term loans.

The following tables present the Company’s loan and lease portfolio aging analysis of the recorded investment in loans and leases as of March 31, 2026 and December 31, 2025:


	March 31, 2026
	Delinquent Loans and Leases								Current		Total Portfolio Loans and Leases		Total Loans and Leases > 90 Days Accruing
	30-59 Days Past Due		60-89 Days Past Due		90 Days and Over		Total Past Due

Commercial mortgage	$	—	$	873	$	7,435	$	8,308	$	406,567	$	414,875	$	—
Commercial and industrial	—		—		—		—		145,214		145,214		—
Construction and development	—		—		4,900		4,900		69,418		74,318		—
Multi-family	3,458		—		2,362		5,820		202,214		208,034		—
Residential mortgage	739		701		1,742		3,182		163,075		166,257		1,665
Home equity	199		7		13		219		21,179		21,398		13
Direct financing leases	149		62		—		211		142,768		142,979		—
Consumer	30		79		52		161		18,018		18,179		52

Totals	$	4,575	$	1,722	$	16,504	$	22,801	$	1,168,453	$	1,191,254	$	1,730


	December 31, 2025
	Delinquent Loans and Leases								Current		Total Portfolio Loans and Leases		Total Loans and Leases > 90 Days Accruing
	30-59 Days Past Due		60-89 Days Past Due		90 Days and Over		Total Past Due

Commercial mortgage	$	—	$	—	$	7,435	$	7,435	$	406,881	$	414,316	$	—
Commercial and industrial	—		—		—		—		142,508		142,508		—
Construction and development	—		—		4,900		4,900		66,805		71,705		—
Multi-family	—		—		2,362		2,362		206,532		208,894		2,362
Residential mortgage	773		481		1,522		2,776		168,287		171,063		1,445
Home equity	126		70		88		284		19,863		20,147		88
Direct financing leases	511		296		299		1,106		144,700		145,806		299
Consumer	148		50		46		244		19,036		19,280		46

Totals	$	1,558	$	897	$	16,652	$	19,107	$	1,174,612	$	1,193,719	$	4,240

The following table presents information on the Company’s nonaccrual loans and leases at March 31, 2026 and December 31, 2025:


	March 31, 2026				December 31, 2025
	Nonaccrual loans and leases		Nonaccrual loans and leases without an allowance for credit losses		Nonaccrual loans and leases		Nonaccrual loans and leases without an allowance for credit losses

Commercial mortgage	$	7,436	$	6,732	$	7,435	$	6,732
Commercial and industrial	29		—		30		—
Construction and development	4,900		—		4,900		—
Multi-family	2,362		2,362		—		—
Residential mortgage	76		76		76		76
Direct financing leases	1,084		1,084		715		715
Total nonaccrual loans and leases	$	15,887	$	10,254	$	13,156	$	7,523

During the three months ended March 31, 2026, the Company recognized $1,000 of interest income on nonaccrual loans and leases, compared to $3,000 for the three months ended December 31, 2025.

The following tables present the Company's amortized cost basis of collateral dependent loans, and their respective collateral type, which are individually analyzed to determine expected credit losses as of March 31, 2026 and December 31, 2025:


	March 31, 2026
	Commercial Real Estate		Multi-family Housing		Residential Real Estate		Home Equity Line of Credit		Other		Total		Allowance on Collateral Dependent Loans

Commercial mortgage	$	8,309	$	—	$	—	$	—	$	—	$	8,309	$	460
Commercial and industrial	—		—		—		—		1,628		1,628		—
Construction and development	4,900		—		—		—		—		4,900		1,750
Multi-family	—		7,151		—		—		—		7,151		250
Residential mortgage	—		—		240		—		—		240		—
Home equity	—		—		—		30		—		30		—

Total	$	13,209	$	7,151	$	240	$	30	$	1,628	$	22,258	$	2,460


	December 31, 2025
	Commercial Real Estate		Multi-family Housing		Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans

Commercial mortgage	$	7,435	$	—	$	—	$	—	$	7,435	$	150
Commercial and industrial	—		—		—		1,607		1,607		—
Construction and development	5,923		—		—		—		5,923		1,750
Multi-family	—		7,174		—		—		7,174		250
Residential mortgage	—		—		124		—		124		—

Total	$	13,358	$	7,174	$	124	$	1,607	$	22,263	$	2,150

Loan/Lease Modification Disclosures under ASU 2022-02

In certain situations, the Company may modify the terms of a loan or lease to a borrower experiencing financial difficulty. These modifications may include payment delays, term extensions, or interest-rate reductions. In some cases, combinations of modifications may be made to the same loan or lease. If a determination is made that a modified loan or lease has been deemed uncollectible, the loan or lease (or portion of the loan or lease) is charged-off, reducing the amortized cost basis of the loan or lease and adjusting the allowance for credit losses. During the three months ended March 31, 2026 and 2025, the Company had no new modifications to borrowers experiencing financial difficulty.

There were no modified loans or leases that had a payment default during the three months ended March 31, 2026 or 2025, and that were modified in the twelve months prior to that default by borrowers experiencing financial difficulty.

Other Real Estate Owned

Other real estate owned is included in other assets on the Condensed Consolidated Balance Sheets. There was $56,000 of other real estate owned, consisting of foreclosed residential real estate properties, at both March 31, 2026 and December 31, 2025. At March 31, 2026 and December 31, 2025, the recorded investment in consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $1,055,000 and $923,000, respectively.

Direct Financing Leases

The following lists the components of the net investment in direct financing leases:


	March 31, 2026		December 31, 2025

Total minimum lease payments to be received	$	163,342	$	166,565
Initial direct costs	9,192		9,422
	172,534		175,987
Less: Unearned income	(29,555)		(30,181)

Net investment in direct finance leases	$	142,979	$	145,806

The following table summarizes the future minimum lease payments receivable subsequent to March 31, 2026:


Remainder of 2026	$	49,542
2027	51,705
2028	35,090
2029	19,014
2030	7,302
Thereafter	689

	$	163,342

Allowance for Credit Losses on Loans and Leases

The allowance for credit losses on loans and leases is established for current expected credit losses on the Company's loan and lease portfolios in accordance with ASC Topic 326. This requires significant judgment to estimate credit losses measured on a collective pool basis when similar risk characteristics exist, and for loans evaluated individually. The Company estimates expected future losses for the loan's entire contractual term, taking into account expected payments when appropriate. The allowance is an estimation based on management's evaluation of expected losses related to the Company's financial assets measured at amortized cost. It considers relevant available information from internal and external sources relating to the historical loss experience, current conditions and reasonable and supportable forecasts for the Company's outstanding loan and lease balances.

The Company utilizes a cash flow ("CF") analysis method of estimating expected losses, which relies on key inputs and assumptions. Significant factors affecting the calculation are the segmenting of loans and leases based upon similar risk characteristics, applied loss rates based upon reasonable and supportable forecasts, and contractual term adjustments, including prepayment and curtailment adjustments. To ensure the allowance is maintained at an adequate level, a detailed analysis is performed on a quarterly basis, with an appropriate provision made to adjust the allowance.

The Company has elected to exclude accrued interest receivable from the calculation of the allowance for credit losses, as it is the Company's policy to write off accrued interest in a timely manner as it is deemed uncollectible by reversing interest income.

The Company categorizes its loan portfolios into eight segments, as discussed above, based on similar risk characteristics. Loans within each segment are collectively evaluated using either a CF methodology or remaining life methodology. When estimating for credit loss, the Company forecasts the first four quarters of the credit loss estimate and reverts to a long-run average of each considered factor. The Company developed its reasonable and supportable forecasts using economic data, such as national gross domestic product ("GDP") and unemployment rate.

Qualitative adjustments are applied to each collectively segmented pool to appropriately capture differences in current or expected qualitative risk characteristics. When evaluating the estimation for expected credit losses, the Company evaluates these qualitative adjustments for any changes in:

•lending policies, procedures, and strategies,

•the nature and volume of the loan and lease portfolio,

•international, national, regional, and local conditions,

•the experience, depth, and ability of lending management,

•the volume and severity of past due loans,

•the quality of the loan review system,

•the underlying collateral,

•concentration risk, and

•the effect of other external factors.

The following tables summarize changes in the allowance for credit losses by segment for the three months ended March 31, 2026 and 2025, respectively:


	Balances, December 31, 2025		Provision for (reversal of) credit losses		Charge-offs		Recoveries		Balances, March 31, 2026

Commercial mortgage	$	4,575	$	238	$	—	$	—	$	4,813
Commercial and industrial	1,812		(14)		—		10		1,808
Construction and development	2,298		165		—		—		2,463
Multi-family	2,336		(9)		—		—		2,327
Residential mortgage	1,833		(47)		—		1		1,787
Home equity	189		11		—		—		200
Direct financing leases	3,075		292		(538)		177		3,006
Consumer	348		(15)		(11)		14		336
Total	$	16,466	$	621	$	(549)	$	202	$	16,740


	Balances, December 31, 2024		Provision for (reversal of) credit losses		Charge-offs		Recoveries		Balances, March 31, 2025

Commercial mortgage	$	4,486	$	248	$	—	$	—	$	4,734
Commercial and industrial	1,483		138		—		2		1,623
Construction and development	2,243		(242)		—		—		2,001
Multi-family	2,660		147		—		—		2,807
Residential mortgage	1,910		(29)		—		20		1,901
Home equity	184		12		—		—		196
Direct financing leases	2,469		409		(518)		107		2,467
Consumer	356		—		(40)		33		349
Total	$	15,791	$	683	$	(558)	$	162	$	16,078

During the first quarter of 2026, the allowance for credit losses on loans and leases increased from $16.5 million at December 31, 2025, to $16.7 million at March 31, 2026. The increase was attributable to provisions for credit losses totaling $621,000 during the three months ended March 31, 2026, partially offset by net charge-offs of $347,000. Set forth below is a segment analysis of the loan and lease portfolio reflecting the change in the allowance for each segment, due to the change in the amount of each segment.

•Commercial Mortgage – Allowance increased as additional reserves were placed on individually evaluated loans.

•Commercial & Industrial – Allowance decreased despite a $2.7 million increase in balances, reflecting changes in portfolio composition as longer term loans paid off.

•Construction & Development – Allowance increased in line with loan balances increasing by $2.6 million.

•Multi-Family – Allowance decreased as longer term loans paid off and portfolio balances decreased $860,000.

•Home Equity - Allowance increased as loan balances increased $1.3 million.

•Residential Mortgage, Direct Financing Leases, and Consumer – Allowances decreased in line with lower portfolio balances and stable credit trends.

Our commercial loan portfolio, consisting of commercial and multi-family real estate loans, commercial and industrial loans, and construction loans, represented 70.7% and 70.2% of our portfolio as of March 31, 2026 and December 31, 2025, respectively. The allowance for credit losses on loans and leases allocated to the commercial loan portfolio represented 68.2% and 66.9% of our total allowance at March 31, 2026 and December 31, 2025, respectively.

Economic Outlook

Due to the future-focused nature of the calculation for the allowance for credit losses, management must make significant assumptions. Estimating an appropriate allowance requires management to use relevant forward-looking information drawn

from reasonable and supportable forecasts. Economic factors are a consequential part of these forecasts, and as such are evaluated periodically for developments that may impact the Company's allowance for credit losses and loan and lease portfolio.

As of March 31, 2026, several key economic factors continue to influence the Company's loan and lease portfolio. Persistent inflation, slowing economic growth, and labor market uncertainty are contributing to a more challenging operating environment for many borrowers. In addition, geopolitical tensions and tariff-related risks are creating potential disruptions in supply chains and increased input costs for certain industries. These conditions may continue to affect borrower performance and credit demand in the near term. Despite these challenges, the Company's overall credit quality remains stable, supported by conservative underwriting standards and ongoing portfolio monitoring. Management continues to evaluate macroeconomic assumptions used in the allowance for credit losses model to ensure they reflect current and expected economic conditions.

The Company remains focused on its three strategic growth markets: Columbus, Ohio, Cincinnati/Dayton/Springfield, Ohio, and Indianapolis, Indiana. These markets continue to exhibit above-average population and employment growth, strong commercial activity, and resilient real estate fundamentals relative to broader economic trends. The Company's loan growth in these markets continues to be concentrated in commercial real estate lending, consistent with its strategic focus and relationship-based lending model. Forecasts for these markets are summarized below:

•Columbus, Ohio – The Columbus MSA continues to experience steady economic conditions, driven by growth in healthcare and state government employment. Job creation in professional and design services indicates high activity in engineering and related consulting, and the housing market's high demand is supported by long-term population growth and regional investments. Despite the positive momentum, the market faces challenges such as persistent inflationary pressures, affordability constraints, and labor shortages across multiple industries.

•Cincinnati/Dayton/Springfield, Ohio – The Cincinnati/Dayton/Springfield MSA is projected to experience moderate economic growth during 2026. Cincinnati leads the region in employment and GDP gains, supported by manufacturing, construction, and technology investments. Dayton is experiencing economic growth in manufacturing, aerospace, and defense alongside a tightening industrial real estate market. The region is experiencing continued growth supported by increased investment and declining industrial vacancy rates; labor demand remains stable. Ongoing labor market constraints, particularly in skilled trades and technology fields, persist. The region’s connection with Columbus as part of Ohio’s emerging Silicon Corridor enhances opportunities for investment, workforce development, and regional competitiveness.

•Indianapolis, Indiana – The Indianapolis MSA continues to demonstrate moderate growth driven by investment in pharmaceutical manufacturing and ongoing urban revitalization initiatives. Downtown capital projects totaling approximately $6 billion are underway; the READI 2.0 program commits funding toward improving quality of life and infrastructure in the region. Inflation and tariff-related impacts on manufacturing present ongoing challenges; however, the region remains well positioned relative to peer metros due to its diversified and innovation-driven economy.

The overall economic outlook remains complex and uncertain, creating a challenging environment requiring continued vigilance and adaptability. Potential economic volatility could materially affect the Company’s loan and lease portfolio, including the allowance for credit losses. As a result, the Company expects that future estimates may fluctuate throughout the remainder of 2026.

Allowance for Credit Losses on Unfunded Commitments

The allowance for credit losses on unfunded commitments is included in other liabilities on the Condensed Consolidated Balance Sheets. The estimate of expected losses on unfunded commitments is calculated based on the loss rate for the loan or lease segment in which the loan or lease commitments would be classified if funded, adjusted for the estimate of funding probability. Adjustments to the allowance, either additional provisions or reversals, are recorded in the provision for (reversal of) credit losses in the Condensed Consolidated Statements of Income.

The following table details activity in the allowance for credit losses on unfunded commitments during the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026		2025

Beginning balance	$	328	$	558
Provision for credit losses	72		48
Ending balance	$	400	$	606