{"id":402347,"date":"2026-04-20T21:44:09","date_gmt":"2026-04-20T21:44:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/402347\/"},"modified":"2026-04-20T21:44:09","modified_gmt":"2026-04-20T21:44:09","slug":"first-united-corporation-announces-first-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/402347\/","title":{"rendered":"FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS"},"content":{"rendered":"

OAKLAND, Md., April 20, 2026 \/PRNewswire\/ — First United Corporation (the “Corporation, “we”, “us”, and “our”) (NASDAQ: FUNC<\/a>), a bank holding company and the parent company of First United Bank & Trust (the “Bank”), today announced financial results for the three-month period ended March 31, 2026. \u00a0Generally Accepted Accounting Principles (“GAAP”) net income was $6.7 million for the first quarter of 2026, or $1.03 per diluted share, compared to $5.8 million, or $0.89 per diluted share, for the first quarter of 2025 and $5.8 million, or $0.89 per diluted share, for the fourth quarter of 2025.\u00a0 Non-GAAP net income was $6.6 million, or $1.02 per diluted share, for the first quarter of 2026 compared to $5.8 million, or $0.89 per diluted share for the first quarter of 2025 and $7.2 million, or $1.10 per diluted share, for the fourth quarter of 2025.\u00a0 Return on Average Assets and Return on Average Equity for the quarter ended March 31, 2026, were 1.29% and 13.06%, respectively.<\/p>\n

According to Jason Rush, President and CEO, “We delivered strong earnings this quarter, driven by continued margin expansion. While overall growth was again tempered by elevated loan payoffs and paydowns, we maintained solid credit performance and believe our balance sheet is well-positioned. Our focus on operational efficiency and prudent risk management continues to yield results, positioning us well as we enter 2026 with positive momentum.”<\/p>\n

First Quarter Financial Highlights:<\/p>\n

Net interest margin, on a non-GAAP, fully tax equivalent (“FTE”) basis, was 3.83% for the first quarter of 2026, reflecting increased loan yields and reduced funding costs.
\n Strong loan production during the quarter, with $98.0 million in commercial loan originations and $16.0 million in residential mortgage originations.
\n Provision expense was $0.9 million in the first quarter, as a result of continued economic and political uncertainty and increased off-balance sheet loan commitments, slightly offset by improved qualitative factors.
\n Deposits increased by $15.5 million, inclusive of the repayment of a $25.0 million brokered certificate of deposit.
\n Operating income, including net gains, increased slightly by $0.1 million when compared to the linked quarter.
\n Operating expenses decreased by $1.2 million when compared to the linked quarter related to a $1.2 million, net of tax, write-down on an other real estate owned (“OREO”) property in the fourth quarter 2025.
\n A cash dividend of $0.26 per common share was declared in the first quarter.<\/p>\n

Income Statement Overview<\/p>\n

On a GAAP basis, net income for the first quarter of 2026 was $6.7 million.\u00a0 This compares to $5.8 million in the first and fourth quarters of 2025.\u00a0<\/p>\n


<\/p>\n

Q1 2026<\/p>\n

Q4 2025<\/p>\n

Q1 2025<\/p>\n

Net Income, GAAP (millions)<\/p>\n

$ 6.7<\/p>\n

$ 5.8<\/p>\n

$ 5.8<\/p>\n

Net Income, non-GAAP (millions)<\/p>\n

$ 6.6<\/p>\n

$ 7.2<\/p>\n

$ 5.8<\/p>\n

Diluted net income per share, GAAP <\/p>\n

$ 1.03<\/p>\n

$ 0.89<\/p>\n

$ 0.89<\/p>\n

Diluted net income per share, non-GAAP<\/p>\n

$ 1.02<\/p>\n

$ 1.10<\/p>\n

$ 0.89<\/p>\n

First Quarter 2026 Compared to First Quarter 2025<\/p>\n

The $0.9 million increase in quarterly net income when compared to the first quarter of 2025 was primarily driven by a $2.1 million increase in net interest income, an increase of $0.4 million in non-interest income, inclusive of gains, partially offset by a $0.2 million increase in provision for credit losses as a result of increased off-balance sheet loan commitments, an increase in non-interest expense of $1.1 million, and an increase in income tax expense of $0.3 million.\u00a0 Comparing the first quarter of 2026 to the same period of 2025, interest and fees on loans increased by $0.7 million resulting from new loans booked at higher rates late in 2025 and the repricing of adjustable-rate loans.\u00a0 Interest expense decreased by $0.4 million when comparing year-over-year quarterly expense, resulting from the repayment of a $25.0 million brokered certificate of deposit in January 2026 and $65.0 million in Federal Home Loan Bank (“FHLB”) borrowings in March 2026.\u00a0 Other operating income increased by $0.4 million, driven by an increase in trust and brokerage income of $0.2 million resulting from increased production and a $0.2 million increase in bank owned life insurance (“BOLI”) related to a one-time death benefit received in the first quarter of 2026.\u00a0 Other operating expenses increased by $1.1 million driven by a $0.9 million increase in salaries and benefits as a result of filling open positions throughout 2025, normal merit increases in April 2025 and increased incentive payouts, partially offset by reduced life and health insurance expense due to reduced claims and an increase in the reduction of costs associated with loan originations related to increased loan production.\u00a0 Professional services expenses increased by $0.1 million and data processing expenses increased by $0.2 million.\u00a0 These increases were partially offset by reductions in other expenses such as miscellaneous loan fees and net periodic pension expenses.<\/p>\n

First Quarter 2026 Compared to Fourth Quarter 2025<\/p>\n

Compared to the linked quarter, net income increased by $0.9 million primarily due to reduced non-interest expenses, partially offset by a $0.2 million increase in provision expense.\u00a0 Net interest income and non-interest income were stable when comparing the first quarter of 2026 to the fourth quarter of 2025.\u00a0 Other operating expenses decreased by $1.2 million primarily driven by the $1.2 million, net of tax, write-down on an OREO property in the fourth quarter of 2025.\u00a0 This decrease was partially offset by a $1.1 \u00a0million increase in salaries and\u00a0 benefit expenses driven by increased salaries of $0.2 million related to new hires in 2026, an increase of $0.4 million in incentive expense as a result of the reversal of incentives in the fourth quarter of 2025 related to slower loan growth than budgeted, an increase of $0.3 million as a result of maximum payouts in executive incentive plans, and an increase in taxes of $0.2 million associated with these increases.<\/p>\n

Net Interest Income and Net Interest Margin<\/p>\n

First Quarter 2026 Compared to First Quarter 2025<\/p>\n

Net interest income, on a non-GAAP, FTE basis, increased by $2.1 million for the first quarter of 2026 when compared to the first quarter of 2025.\u00a0 This increase was driven by an increase of $1.7 million in interest income.\u00a0 Interest income on loans increased by $0.7 million due to the increase of 21 basis points in overall yield on the loan portfolio as new loans were booked at higher rates during 2025 as well as the upward repricing of adjustable-rate loans.\u00a0 Investment income increased slightly by $0.1 million as management continues to reinvest cashflows back into the portfolio resulting in an increase in yield of 14 basis points. Interest income on federal funds sold increased by $0.8 million due to an increase of $87.2 million in average cash balances held at the Federal Reserve Bank as a result of strong deposit growth in 2025.\u00a0 Interest expense, in the first quarter of 2026, decreased by $0.4 million when compared to the first quarter of 2025.\u00a0 Interest on deposits remained stable despite a $95.9 million increase in average deposit balances, primarily in interest bearing demand and money market deposits. Long-term borrowing expense decreased by $0.3 million for the first quarter of 2026 when compared to the same period of 2025 due to the repayment of $65.0 million of FHLB advances at their maturity in March of 2026.<\/p>\n

First Quarter 2026 Compared to Fourth Quarter 2025<\/p>\n

Comparing the first quarter of 2026 to the fourth quarter of 2025, net interest income, on a non-GAAP, FTE basis, remained stable.\u00a0 Interest income decreased by $0.4 million driven by a decrease in average loan balances of $26.4 million in the first quarter of 2026 as a result of elevated loan payoffs during the first quarter of 2026.\u00a0 The decrease in interest income was partially offset by a decrease in interest expense of $0.5 million.\u00a0 Interest on deposits decreased by $0.4 million, driven by a decline in rate paid of 13 basis points despite an increase in average deposit balances of $28.4 million.\u00a0 Long-term borrowing expense decreased by $0.1 million due to the repayment of $65.0 million in March 2026.\u00a0 Management’s strategic focus on margin management during the first quarter of 2026 resulted in an 8 basis point increase in the net interest margin to 3.83% as compared to 3.75% for the fourth quarter of 2025.<\/p>\n

Non-Interest Income<\/p>\n

First Quarter 2026 Compared to First Quarter 2025<\/p>\n

Other operating income increased by $0.4 million, driven by an increase in trust and brokerage income of $0.2 million, resulting from increased production as well as favorable increases in market values in assets under management, and a $0.2 million increase in BOLI related to a one-time death benefit received in the first quarter of 2026.<\/p>\n

First Quarter 2026 Compared to Fourth Quarter 2025<\/p>\n

On a linked quarter basis, other operating income, including net gains, increased slightly by $0.1 million.\u00a0 Net gains increased by $0.2 million related to the loss on the sale of a branch office recognized in the fourth quarter of 2025.\u00a0 BOLI income increased by $0.2 million attributable to the receipt of a one-time death benefit as discussed above.\u00a0 These increases were partially offset by a decrease in debit card income of $0.2 million due to an annual incentive payment received in the fourth quarter of 2025.\u00a0<\/p>\n

Non-Interest Expense<\/p>\n

First Quarter 2026 Compared to First Quarter 2025<\/p>\n

Other operating expenses increased by $1.1 million driven by a $0.9 million increase in salaries and benefits as a result of filling open positions throughout 2025, normal merit increases in April 2025 and increased incentive payouts, partially offset by reduced life and health insurance expense because of reduced claims and increased reductions in costs associated with loan originations.\u00a0 Professional services expenses increased by $0.1 million and data processing expenses increased by $0.2 million.\u00a0 These increases were partially offset by reductions in miscellaneous loan fees and net periodic pension expenses.<\/p>\n

First Quarter 2026 Compared to Fourth Quarter 2025<\/p>\n

Other operating expenses decreased by $1.2 million driven by the $1.2 million, net of tax, write-down on an OREO property and a $0.2 million, net of tax, contracted sale of a retail branch office in the fourth quarter of 2025. These decreases were partially offset\u00a0 by a $1.1 \u00a0million increase in salaries and\u00a0 benefit expenses driven by increased salaries of $0.2 million related to new hires in 2026, an increase of $0.4 million in incentive expense related to the reversal of incentives in the fourth quarter of 2025 as a result of slower loan growth than budgeted,, an increase of $0.3 million related to maximum payouts on executive incentive plans, and an increase in payroll taxes of $0.2 million associated with the aforementioned salary increases.<\/p>\n

The effective income tax rates, as a percentage of income, for the three-month periods ended March 31, 2026 and 2025 were both 24.6%.\u00a0<\/p>\n

Balance Sheet Overview<\/p>\n

Total assets at March 31, 2026 were $2.0 billion, representing a $48.4 million decrease since December 31, 2025.\u00a0 During the first quarter of 2026, cash and interest-bearing deposits in other banks decreased by $41.8 million.\u00a0 The investment portfolio increased by $3.2 million as cashflows of the bonds were reinvested in the first quarter of 2026 in an effort to gain yield before long-term rates decline. Gross loans increased slightly by $3.8 million.\u00a0 While loan production was strong during the quarter, amortization and unusually high payoffs exceeded growth levels.\u00a0 Pension assets decreased by $0.8 million due to decreased market values.\u00a0<\/p>\n

Total liabilities at March 31, 2026 were $1.8 billion, representing a $50.1 million decrease since December 31, 2025.\u00a0 Total deposits increased by $15.5 million when compared to December 31, 2025.\u00a0 In January 2026, a $25.0 million brokered certificate of deposit with an interest rate of 4.23% matured and was repaid.\u00a0 Savings and money market accounts increased by $44.4 million due primarily to the expansion of current and new relationships throughout the first three months of 2026.\u00a0 Non-interest-bearing demand deposits decreased by $1.7 million and interest-bearing demand deposits decreased by $1.4 million due primarily to seasonal fluctuations in municipal and commercial account balances and increased spending by businesses and consumers.\u00a0 Retail time deposits decreased by $0.8 million since December 31, 2025.\u00a0<\/p>\n

Outstanding loans of $1.5 billion at March 31, 2026 reflected a $3.8 million increase since December 31, 2025.<\/p>\n

Loan Type<\/p>\n

(in millions)<\/p>\n


<\/p>\n

Change since
December 31, 2025<\/p>\n

Commercial <\/p>\n


<\/p>\n

$15.4<\/p>\n

Residential Mortgages<\/p>\n


<\/p>\n

($10.6)<\/p>\n

Consumer<\/p>\n


<\/p>\n

($1.0)<\/p>\n

Gross Loans<\/p>\n


<\/p>\n

$ 3.8<\/p>\n

Since December 31, 2025, commercial real estate loans increased by $38.7 million as a result of new customer relationships, acquisition and development loans increased by $7.5 million, commercial and industrial loans decreased by $30.8 million as a result of payoffs related to approximately $15.0 million due to competitive pricing, approximately $5.3 million related to sales of businesses, and approximately $8.0 million as a result of a refinance to another institution, residential mortgage loans decreased by $10.6 million as a result of normal amortization, and consumer loans decreased by $1.0 million.<\/p>\n

New commercial loan production for the three months ended March 31, 2026 was approximately\u00a0$98.0 million.\u00a0 The pipeline of commercial loans as of March 31, 2026 was robust, and unfunded committed commercial construction loans totaled approximately $43.0 million. \u00a0Commercial amortization and payoffs were approximately $43.0 million through March 31, 2026, due primarily to pay-offs of short-term commercial loans as well as normal amortizations of the commercial loan portfolio.<\/p>\n

New consumer mortgage loan production for the first quarter of 2026 was approximately $16.0 million, with most of this production comprised of in-house mortgages.\u00a0\u00a0The pipeline of in-house, portfolio loans as of March 31, 2026 was $17.5 million.\u00a0 Unfunded commitments related to residential construction loans totaled $14.4 million at March 31, 2026.\u00a0\u00a0<\/p>\n

Total deposits at March 31, 2026 increased by $15.5 million when compared to December 31, 2025.<\/p>\n

Deposit Type<\/p>\n

(in millions)<\/p>\n


<\/p>\n

Change since
December 31, 2025<\/p>\n

Non-Interest-Bearing<\/p>\n


<\/p>\n

($1.7)<\/p>\n

Interest-Bearing Demand<\/p>\n


<\/p>\n

($1.4)<\/p>\n

Savings and Money Market<\/p>\n


<\/p>\n

$44.4<\/p>\n

Time Deposits- Brokered<\/p>\n


<\/p>\n

($25.0)<\/p>\n

Time Deposits- Retail<\/p>\n


<\/p>\n

($0.8)<\/p>\n

Total Deposits<\/p>\n


<\/p>\n

$15.5<\/p>\n

In January 2026, a $25.0 million brokered certificate of deposit, with an interest rate of 4.23%, was repaid at its maturity.\u00a0 Savings and money market accounts increased by $44.4 million due primarily to the expansion of current and new relationships throughout the first three months of 2026.\u00a0 Non-interest-bearing demand deposits decreased by $1.7 million and interest-bearing demand deposits decreased by $1.4 million due primarily to seasonal fluctuations in municipal and commercial account balances and increased spending by businesses and consumers.\u00a0 Retail time deposits decreased by $0.8 million since December 31, 2025.\u00a0<\/p>\n

The book value of the Corporation’s common stock was $31.84 per share at March 31, 2026 compared to $31.33 per share at December 31, 2025.\u00a0 At March 31, 2026, there were 6,446,717 basic outstanding shares and 6,459,155 diluted outstanding shares of common stock.\u00a0 The increase in the book value at March 31, 2026 was due to the undistributed net income of $5.0 million for the first quarter of 2026.<\/p>\n

Asset Quality<\/p>\n

The allowance for credit losses (“ACL”) was $20.0 million at March 31, 2026 compared to $18.5 million recorded at March 31, 2025 and $19.5 million at December 31, 2025.\u00a0 The provision for credit losses was $0.9 million for the quarter ended March 31, 2026 compared to $0.7 million for the quarter ended March 31, 2025 and the fourth quarter of 2025.\u00a0 Asset quality remained strong during the first quarter of 2026.\u00a0 Net charge-offs of $0.2 million were recorded for the quarter ended March 31, 2026 compared to net charge-offs of $0.4 million for the quarter ended March 31, 2025. The ratio of the ACL to loans outstanding was 1.31% at March 31, 2026 compared to 1.28% at December 31, 2025 and 1.25% at March 31, 2025.\u00a0<\/p>\n

The ratio of net charge offs to average loans was 0.05% for the quarter ended March 31, 2026 and 0.10% for the quarter ended March 31, 2025.\u00a0 The commercial and industrial portfolio had net charge offs of 0.11% and 0.50% for the quarters ended March 31, 2026 and 2025, respectively.\u00a0 Net charge offs in consumer loans increased in the first quarter of 2026 when compared to the first quarter of 2025, from 0.65% to 1.23% .\u00a0 The increase was primarily driven by an increase in charge-offs in unsecured consumer loans.\u00a0 Details of the ratios, by loan type, are shown below.\u00a0 Our special assets team continues to actively collect on charged-off loans, resulting in overall low net charge-off ratios.<\/p>\n

Ratio of Net (Charge Offs)\/Recoveries to Average Loans<\/p>\n


<\/p>\n

3\/31\/2026<\/p>\n

3\/31\/2025<\/p>\n

Loan Type<\/p>\n

(Charge Off) \/ Recovery<\/p>\n

(Charge Off) \/ Recovery<\/p>\n

Commercial Real Estate<\/p>\n

0.00\u00a0%<\/p>\n

0.00\u00a0%<\/p>\n

Acquisition & Development<\/p>\n

0.03\u00a0%<\/p>\n

0.26\u00a0%<\/p>\n

Commercial & Industrial<\/p>\n

(0.11\u00a0%)<\/p>\n

(0.50\u00a0%)<\/p>\n

Residential Mortgage<\/p>\n

0.00\u00a0%<\/p>\n

0.01\u00a0%<\/p>\n

Consumer<\/p>\n

(1.23\u00a0%)<\/p>\n

(0.65\u00a0%)<\/p>\n

Total Net (Charge Offs)\/Recoveries<\/p>\n

(0.05\u00a0%)<\/p>\n

(0.10\u00a0%)<\/p>\n

Non-accrual loans totaled $4.7 million at March 31, 2026 compared to $4.2 million at December 31, 2025.\u00a0 The increase in non-accrual balances at March 31, 2026 was related to one commercial loan moving to non-accrual status in the first quarter.\u00a0<\/p>\n

Non-accrual loans that have been subject to partial charge-offs totaled $0.1 million at March 31, 2026 and $0.2 million at December 31, 2025.\u00a0\u00a0There were no loans secured by 1-4 family residential real estate properties in the process of foreclosure at March 31, 2026.\u00a0 Loans secured by 1-4 family residential real estate properties in the process of foreclosure totaled $0.5 million at December 31, 2025.\u00a0 As a percentage of the loan portfolio, accruing loans past due 30 days or more increased slightly to 0.35% at March 31, 2026 compared to 0.32% at December 31, 2025 and 0.42% as of March 31, 2025.\u00a0<\/p>\n

ABOUT FIRST UNITED CORPORATION<\/p>\n

First United Corporation is a Maryland corporation chartered in 1985 and a financial holding company registered with the Board of Governors of the Federal Reserve System under the Bank Holding Company Act of 1956, as amended, that elected financial holding company status in 2021.\u00a0 The Corporation’s primary business is serving as the parent company of the Bank, First United Statutory Trust I (“Trust I”) and First United Statutory Trust II (“Trust II” and together with Trust I, “the Trusts”), both Connecticut statutory business trusts.\u00a0 The Trusts were formed for the purpose of selling trust preferred securities that qualified as Tier 1 capital.\u00a0 The Bank has two consumer finance company subsidiaries- Oak First Loan Center, Inc., a West Virginia corporation, and OakFirst Loan Center, LLC, a Maryland limited liability company \u2013 and one subsidiary that it uses to hold real estate acquired through foreclosure or by deed in lieu of foreclosure \u2013 First OREO Trust, a Maryland statutory trust.\u00a0 In addition, the Bank owns 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, a Maryland limited partnership formed for the purpose of acquiring, developing and operating low-income housing units in Garrett County, Maryland, and a 99.9% non-voting membership interest in MCC FUBT Fund, LLC, an Ohio limited liability company formed for the purpose of acquiring, developing and operating low-income housing units in Allegany County, Maryland and Mineral County, West Virginia.\u00a0\u00a0 The Corporation’s website is www.mybank.com<\/a>\u00a0<\/p>\n

FORWARD-LOOKING STATEMENTS<\/p>\n

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995.\u00a0 Forward-looking statements do not represent historical facts, but are statements about management’s beliefs, plans and objectives about the future, as well as its assumptions and judgments concerning such beliefs, plans and objectives.\u00a0 These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions.\u00a0 Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true.\u00a0 The beliefs, plans and objectives on which forward-looking statements are based involve risks and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements.\u00a0 For a discussion of these risks and uncertainties, see the section of the periodic reports that First United Corporation files with the Securities and Exchange Commission entitled “Risk Factors”. In addition, investors should understand that the Corporation is required under generally accepted accounting principles to evaluate subsequent events through the filing of the consolidated financial statements included in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and the impact that any such events have on our critical accounting assumptions and estimates made as of March 31, 2026, which could require us to make adjustments to the amounts reflected in this press release.<\/p>\n

FIRST UNITED CORPORATION<\/p>\n

Oakland, MD<\/p>\n

Stock Symbol :\u00a0 FUNC<\/p>\n

Financial Highlights – Unaudited<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

(Dollars in thousands, except per share data)<\/p>\n



\n

\n

\n

\n
<\/p>\n



\n

\n
<\/p>\n

Three Months Ended<\/p>\n


<\/p>\n



\n

\n

\n
<\/p>\n

March 31,<\/p>\n


<\/p>\n

March 31,<\/p>\n


<\/p>\n



\n

\n

\n
<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n


<\/p>\n

Results of Operations:<\/p>\n



\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Interest income\u00a0<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25,710<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,062<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Interest expense\u00a0<\/p>\n


<\/p>\n

7,637<\/p>\n


<\/p>\n

8,046<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Net interest income<\/p>\n


<\/p>\n

18,073<\/p>\n


<\/p>\n

16,016<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Provision for credit losses<\/p>\n


<\/p>\n

879<\/p>\n


<\/p>\n

656<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Other operating income<\/p>\n


<\/p>\n

5,208<\/p>\n


<\/p>\n

4,822<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Net gains<\/p>\n



\n
<\/p>\n

132<\/p>\n


<\/p>\n

92<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Other operating expense<\/p>\n


<\/p>\n

13,692<\/p>\n


<\/p>\n

12,576<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Income before taxes<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,842<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,698<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Income tax expense<\/p>\n


<\/p>\n

2,179<\/p>\n


<\/p>\n

1,892<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Net income<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,663<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,806<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Per share data:<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Basic net income per share<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.03<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.90<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Diluted net income per share<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.03<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.89<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted Basic net income (1)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.02<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.90<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted Diluted net income (1)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.02<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.89<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Dividends declared per share<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.26<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.22<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Basic book value per share\u00a0<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.84<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.35<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted basic book value per share (1)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.83<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20.87<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Diluted book value per share\u00a0<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.78<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.27<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted diluted book value per share (1)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.77<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20.85<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Tangible book value per share<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.08<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26.55<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted tangible book value per share (1)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.07<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19.21<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Diluted Tangible book value per share<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.02<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26.47<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted diluted tangible book value per share (1)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.01<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19.19<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Closing market value<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36.64<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.02<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Market Range:<\/p>\n



\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0\u00a0 High<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40.53<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 41.61<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0Low<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 35.02<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29.38<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Shares outstanding at period end: Basic<\/p>\n


<\/p>\n

6,446,717<\/p>\n


<\/p>\n

6,478,634<\/p>\n


<\/p>\n

Shares outstanding at period end: Diluted<\/p>\n


<\/p>\n

6,459,155<\/p>\n


<\/p>\n

6,497,454<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Performance ratios: (Year to Date Period End)<\/p>\n



\n

\n

\n

\n
<\/p>\n

Return on average assets<\/p>\n



\n
<\/p>\n

1.29\u00a0%<\/p>\n


<\/p>\n

1.19\u00a0%<\/p>\n


<\/p>\n

Adjusted return on average assets (1)<\/p>\n



\n
<\/p>\n

1.28\u00a0%<\/p>\n


<\/p>\n

1.19\u00a0%<\/p>\n


<\/p>\n

Return on average shareholders’ equity<\/p>\n



\n
<\/p>\n

13.06\u00a0%<\/p>\n


<\/p>\n

12.83\u00a0%<\/p>\n


<\/p>\n

Adjusted return on average shareholders’ equity (1)<\/p>\n



\n
<\/p>\n

12.99\u00a0%<\/p>\n


<\/p>\n

12.83\u00a0%<\/p>\n


<\/p>\n

Net interest margin (non-GAAP), includes tax exempt income of $57 and $49<\/p>\n



\n
<\/p>\n

3.83\u00a0%<\/p>\n


<\/p>\n

3.56\u00a0%<\/p>\n


<\/p>\n

Net interest margin GAAP<\/p>\n



\n
<\/p>\n

3.82\u00a0%<\/p>\n


<\/p>\n

3.55\u00a0%<\/p>\n


<\/p>\n

Efficiency ratio – non-GAAP (2)<\/p>\n


<\/p>\n

58.45\u00a0%<\/p>\n


<\/p>\n

59.95\u00a0%<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

(1) See reconcilation of this non-GAAP financial measure provided elsewhere herein.<\/p>\n



\n

\n

\n

\n
<\/p>\n

(2) Efficiency ratio is a non-GAAP measure calculated by dividing total operating expenses by the sum of tax equivalent net interest income and other operating income, less gains\/(losses) on disposals of fixed assets.<\/p>\n


<\/p>\n

March 31,<\/p>\n


<\/p>\n

December 31,<\/p>\n


<\/p>\n



\n

\n

\n
<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n


<\/p>\n

Financial Condition at period end:<\/p>\n



\n

\n

\n

\n
<\/p>\n

Assets<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,039,010<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,087,453<\/p>\n


<\/p>\n

Earning assets<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,810,557<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,807,780<\/p>\n


<\/p>\n

Gross loans<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,525,466<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,521,704<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Commercial Real Estate<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 609,491<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 570,808<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Acquisition and Development<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 97,785<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90,272<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Commercial and Industrial<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 246,192<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 277,034<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Residential Mortgage<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 526,314<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 536,912<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Consumer<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45,684<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 46,678<\/p>\n


<\/p>\n

Investment securities<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 282,711<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 279,534<\/p>\n


<\/p>\n

Total deposits<\/p>\n



\n
<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,750,703<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,735,149<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Noninterest bearing<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 451,303<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 453,036<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Interest bearing<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,299,400<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,282,113<\/p>\n


<\/p>\n

Shareholders’ equity<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 205,262<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 203,634<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Capital ratios:<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Tier 1 to risk weighted assets<\/p>\n


<\/p>\n

15.82\u00a0%<\/p>\n


<\/p>\n

15.36\u00a0%<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Common Equity Tier 1 to risk weighted assets<\/p>\n


<\/p>\n

13.94\u00a0%<\/p>\n


<\/p>\n

13.52\u00a0%<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Tier 1 Leverage<\/p>\n


<\/p>\n

12.23\u00a0%<\/p>\n


<\/p>\n

12.21\u00a0%<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Total risk based capital<\/p>\n


<\/p>\n

17.07\u00a0%<\/p>\n


<\/p>\n

16.61\u00a0%<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Asset quality:<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Net charge-offs for the quarter<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (198)<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (99)<\/p>\n


<\/p>\n

Nonperforming assets: (Period End)<\/p>\n



\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Nonaccrual loans<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,695<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,192<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Loans 90 days past due and accruing<\/p>\n


<\/p>\n

66<\/p>\n


<\/p>\n

477<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Total\u00a0nonperforming loans and 90 day past due<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,761<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,669<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Other real estate owned<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,083<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,083<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Other repossessed assets<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,692<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,802<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Modified loans<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,955<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,209<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Allowance for credit losses to gross loans<\/p>\n


<\/p>\n

1.31\u00a0%<\/p>\n


<\/p>\n

1.28\u00a0%<\/p>\n


<\/p>\n

Allowance for credit losses to non-accrual loans<\/p>\n


<\/p>\n

424.94\u00a0%<\/p>\n


<\/p>\n

464.46\u00a0%<\/p>\n


<\/p>\n

Allowance for credit losses to non-performing assets<\/p>\n


<\/p>\n

233.73\u00a0%<\/p>\n


<\/p>\n

227.61\u00a0%<\/p>\n


<\/p>\n

Non-performing loans and 90 day past due loans to total loans<\/p>\n


<\/p>\n

0.31\u00a0%<\/p>\n


<\/p>\n

0.31\u00a0%<\/p>\n


<\/p>\n

Non-performing loans and 90 day past due loans to total assets<\/p>\n


<\/p>\n

0.23\u00a0%<\/p>\n


<\/p>\n

0.22\u00a0%<\/p>\n


<\/p>\n

Non-accrual loans to total loans<\/p>\n


<\/p>\n

0.31\u00a0%<\/p>\n


<\/p>\n

0.28\u00a0%<\/p>\n


<\/p>\n

Non-performing assets to total assets<\/p>\n



\n
<\/p>\n

0.42\u00a0%<\/p>\n


<\/p>\n

0.41\u00a0%<\/p>\n


<\/p>\n

FIRST UNITED CORPORATION<\/p>\n

Oakland, MD<\/p>\n

Stock Symbol :\u00a0 FUNC<\/p>\n

Financial Highlights – Unaudited<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n
<\/p>\n

For the Three Months Ended<\/p>\n


<\/p>\n



\n

\n
<\/p>\n

March 31,<\/p>\n

December 31,<\/p>\n

September 30,<\/p>\n

June 30,<\/p>\n

March 31,<\/p>\n


<\/p>\n

(Dollars in thousands, except per share data)<\/p>\n

2026<\/p>\n

2025<\/p>\n

2025<\/p>\n

2025<\/p>\n

2025<\/p>\n


<\/p>\n

Results of Operations:<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Interest income\u00a0<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25,710<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,153<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25,762<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,871<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,062<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Interest expense\u00a0<\/p>\n

7,637<\/p>\n

8,166<\/p>\n

8,359<\/p>\n

8,164<\/p>\n

8,046<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Net interest income<\/p>\n

18,073<\/p>\n

17,987<\/p>\n

17,403<\/p>\n

16,707<\/p>\n

16,016<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Provision for credit losses<\/p>\n

879<\/p>\n

717<\/p>\n

510<\/p>\n

860<\/p>\n

656<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Other operating income<\/p>\n

5,208<\/p>\n

5,330<\/p>\n

5,074<\/p>\n

4,940<\/p>\n

4,822<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Net (losses)\/gains<\/p>\n

132<\/p>\n

(97)<\/p>\n

261<\/p>\n

146<\/p>\n

92<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Other operating expense<\/p>\n

13,692<\/p>\n

14,869<\/p>\n

12,986<\/p>\n

12,974<\/p>\n

12,576<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Income before taxes<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,842<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,634<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,242<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,959<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,698<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Income tax expense<\/p>\n

2,179<\/p>\n

1,857<\/p>\n

2,294<\/p>\n

1,975<\/p>\n

1,892<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Net income<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,663<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,777<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,948<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,984<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,806<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Per share data:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Basic net income per share\u00a0<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.03<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.89<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.07<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.92<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.90<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Diluted net income per share<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.03<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.89<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.07<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.92<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.89<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted basic net income (1)<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.02<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.10<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.07<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.92<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.90<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Adjusted diluted net income (1)<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.02<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.10<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.07<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.92<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.89<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Dividends declared per share<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.26<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.26<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.26<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.22<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.22<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Book value<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.84<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.33<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.65<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29.43<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.35<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Diluted book value<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.78<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.27<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.59<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29.38<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.27<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Tangible book value per share<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.08<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29.56<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.87<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27.64<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26.55<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Diluted Tangible book value per share<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.02<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29.50<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.82<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27.59<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26.47<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Closing market value<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36.64<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 37.19<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36.77<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.01<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.02<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Market Range:<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0High<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40.53<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40.79<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 38.41<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 32.09<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 41.61<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Low<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 35.02<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33.63<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 32.02<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25.90<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29.38<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Shares outstanding at period end: Basic\u00a0<\/p>\n

6,446,717<\/p>\n

6,499,476<\/p>\n

6,496,908<\/p>\n

6,494,611<\/p>\n

6,478,634<\/p>\n


<\/p>\n

Shares outstanding at period end: Diluted<\/p>\n

6,459,155<\/p>\n

6,511,358<\/p>\n

6,508,790<\/p>\n

6,506,493<\/p>\n

6,497,454<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Performance ratios: (Year to Date Period End, annualized)<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

Return on average assets<\/p>\n



\n
<\/p>\n

1.29\u00a0%<\/p>\n

1.21\u00a0%<\/p>\n

1.24\u00a0%<\/p>\n

1.20\u00a0%<\/p>\n

1.19\u00a0%<\/p>\n


<\/p>\n

Adjusted return on average assets (1)<\/p>\n



\n
<\/p>\n

1.28\u00a0%<\/p>\n

1.28\u00a0%<\/p>\n

1.24\u00a0%<\/p>\n

1.20\u00a0%<\/p>\n

1.19\u00a0%<\/p>\n


<\/p>\n

Return on average shareholders’ equity<\/p>\n



\n
<\/p>\n

13.06\u00a0%<\/p>\n

12.70\u00a0%<\/p>\n

13.23\u00a0%<\/p>\n

12.78\u00a0%<\/p>\n

12.83\u00a0%<\/p>\n


<\/p>\n

Adjusted return on average shareholders’ equity (1)<\/p>\n



\n
<\/p>\n

12.99\u00a0%<\/p>\n

13.39\u00a0%<\/p>\n

13.23\u00a0%<\/p>\n

12.78\u00a0%<\/p>\n

12.83\u00a0%<\/p>\n


<\/p>\n

Net interest margin (Non-GAAP), includes tax exempt income of $57 and $49<\/p>\n



\n
<\/p>\n

3.83\u00a0%<\/p>\n

3.67\u00a0%<\/p>\n

3.64\u00a0%<\/p>\n

3.61\u00a0%<\/p>\n

3.56\u00a0%<\/p>\n


<\/p>\n

Net interest margin GAAP<\/p>\n



\n
<\/p>\n

3.82\u00a0%<\/p>\n

3.66\u00a0%<\/p>\n

3.63\u00a0%<\/p>\n

3.60\u00a0%<\/p>\n

3.55\u00a0%<\/p>\n


<\/p>\n

Efficiency ratio – non-GAAP (2)<\/p>\n

58.45\u00a0%<\/p>\n

58.19\u00a0%<\/p>\n

58.73\u00a0%<\/p>\n

59.66\u00a0%<\/p>\n

59.95\u00a0%<\/p>\n


<\/p>\n

(1) See reconcilation of this non-GAAP financial measure provided elsewhere herein.<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

(2) Efficiency ratio is a non-GAAP measure calculated by dividing total operating expenses by the sum of tax equivalent net interest income and other operating income, less gains\/(losses) on disposals of fixed assets.<\/p>\n

March 31,<\/p>\n

December 31,<\/p>\n

September 30,<\/p>\n

June 30,<\/p>\n

March 31,<\/p>\n


<\/p>\n



\n

\n
<\/p>\n

2026<\/p>\n

2025<\/p>\n

2025<\/p>\n

2025<\/p>\n

2025<\/p>\n


<\/p>\n

Financial Condition at period end:<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

Assets<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,039,010<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,087,453<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,023,974<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0 2,007,471<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,979,753<\/p>\n


<\/p>\n

Earning assets<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,810,557<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,807,780<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,784,056<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0 1,789,747<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,762,891<\/p>\n


<\/p>\n

Gross loans<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,525,466<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,521,704<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,496,762<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0 1,502,481<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,479,869<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Commercial Real Estate<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 609,491<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 570,808<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 554,418<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 550,717<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 532,764<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Acquisition and Development<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 97,785<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90,272<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 93,968<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 98,937<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 94,063<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Commercial and Industrial<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 246,192<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 277,034<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 279,079<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 281,484<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 282,370<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Residential Mortgage<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 526,314<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 536,912<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 521,317<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 521,968<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 520,072<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Consumer<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45,684<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 46,678<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,980<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 49,375<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 50,600<\/p>\n


<\/p>\n

Investment securities<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 282,711<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 279,534<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 278,898<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 279,541<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 275,143<\/p>\n


<\/p>\n

Total deposits<\/p>\n


<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,750,703<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,735,149<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,678,902<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0 1,614,207<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,623,574<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Noninterest bearing<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 451,303<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 453,036<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 429,986<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 425,784<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 422,415<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Interest bearing<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,299,400<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,282,113<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,248,916<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0 1,188,423<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,201,159<\/p>\n


<\/p>\n

Shareholders’ equity<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 205,262<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 203,634<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 199,099<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 191,147<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 183,694<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Capital ratios:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Tier 1 to risk weighted assets<\/p>\n

15.82\u00a0%<\/p>\n

15.36\u00a0%<\/p>\n

15.59\u00a0%<\/p>\n

15.22\u00a0%<\/p>\n

14.87\u00a0%<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Common Equity Tier 1 to risk weighted assets<\/p>\n

13.94\u00a0%<\/p>\n

13.52\u00a0%<\/p>\n

13.68\u00a0%<\/p>\n

13.32\u00a0%<\/p>\n

12.97\u00a0%<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Tier 1 Leverage<\/p>\n

12.23\u00a0%<\/p>\n

12.21\u00a0%<\/p>\n

12.10\u00a0%<\/p>\n

12.08\u00a0%<\/p>\n

11.94\u00a0%<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Total risk based capital<\/p>\n

17.07\u00a0%<\/p>\n

16.61\u00a0%<\/p>\n

16.84\u00a0%<\/p>\n

16.47\u00a0%<\/p>\n

16.10\u00a0%<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Asset quality:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Net (charge-offs)\/recoveries for the quarter<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (198)<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (99)<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (435)<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (151)<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (360)<\/p>\n


<\/p>\n

Nonperforming assets: (Period End)<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Nonaccrual loans<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,695<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,192<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,825<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,813<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,026<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Loans 90 days past due and accruing<\/p>\n

66<\/p>\n

477<\/p>\n

801<\/p>\n

535<\/p>\n

233<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Total\u00a0nonperforming loans and 90 day past due<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,761<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,669<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,626<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,348<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,259<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0 \u00a0 \u00a0Other real estate owned<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,083<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,083<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,718<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,035<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,062<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Other repossessed assets<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,692<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,802<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,043<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,802<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,802<\/p>\n


<\/p>\n

\u00a0 \u00a0 \u00a0Modified loans<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,955<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,209<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 998<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,198<\/p>\n

$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,021<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Allowance for credit losses to gross loans<\/p>\n

1.31\u00a0%<\/p>\n

1.28\u00a0%<\/p>\n

1.28\u00a0%<\/p>\n

1.27\u00a0%<\/p>\n

1.25\u00a0%<\/p>\n


<\/p>\n

Allowance for credit losses to non-accrual loans<\/p>\n

424.94\u00a0%<\/p>\n

464.46\u00a0%<\/p>\n

499.06\u00a0%<\/p>\n

499.45\u00a0%<\/p>\n

458.69\u00a0%<\/p>\n


<\/p>\n

Allowance for credit losses to non-performing assets<\/p>\n

233.73\u00a0%<\/p>\n

227.61\u00a0%<\/p>\n

183.78\u00a0%<\/p>\n

186.98\u00a0%<\/p>\n

182.43\u00a0%<\/p>\n


<\/p>\n

Non-performing loans and 90 day past due loans to total loans<\/p>\n

0.31\u00a0%<\/p>\n

0.31\u00a0%<\/p>\n

0.31\u00a0%<\/p>\n

0.29\u00a0%<\/p>\n

0.29\u00a0%<\/p>\n


<\/p>\n

Non-performing loans and 90 day past due loans to total assets<\/p>\n

0.23\u00a0%<\/p>\n

0.22\u00a0%<\/p>\n

0.23\u00a0%<\/p>\n

0.22\u00a0%<\/p>\n

0.22\u00a0%<\/p>\n


<\/p>\n

Non-accrual loans to total loans<\/p>\n

0.31\u00a0%<\/p>\n

0.28\u00a0%<\/p>\n

0.26\u00a0%<\/p>\n

0.25\u00a0%<\/p>\n

0.27\u00a0%<\/p>\n


<\/p>\n

Non-performing assets to total assets<\/p>\n



\n
<\/p>\n

0.42\u00a0%<\/p>\n

0.41\u00a0%<\/p>\n

0.51\u00a0%<\/p>\n

0.51\u00a0%<\/p>\n

0.51\u00a0%<\/p>\n


<\/p>\n

Consolidated Statement of Condition<\/p>\n



\n

\n

\n
<\/p>\n



\n

\n

\n

\n
<\/p>\n

(Dollars in thousands – Unaudited)<\/p>\n


<\/p>\n

March 31, 2026<\/p>\n


<\/p>\n

December 31, 2025<\/p>\n



\n

\n

\n

\n
<\/p>\n

Assets<\/p>\n



\n

\n

\n
<\/p>\n

Cash and due from banks<\/p>\n

$<\/p>\n

89,220<\/p>\n

$<\/p>\n

129,830<\/p>\n

Interest bearing deposits in banks<\/p>\n


<\/p>\n

627<\/p>\n


<\/p>\n

1,782<\/p>\n

Cash and cash equivalents<\/p>\n


<\/p>\n

89,847<\/p>\n


<\/p>\n

131,612<\/p>\n

Investment securities \u2013 available for sale (at fair value)<\/p>\n


<\/p>\n

109,004<\/p>\n


<\/p>\n

107,144<\/p>\n

Investment securities \u2013 held to maturity (at cost)<\/p>\n


<\/p>\n

172,672<\/p>\n


<\/p>\n

171,361<\/p>\n

Equity investments with readily determinable fair market values<\/p>\n


<\/p>\n

1,035<\/p>\n


<\/p>\n

1,029<\/p>\n

Restricted investment in bank stock, at cost<\/p>\n


<\/p>\n

1,621<\/p>\n


<\/p>\n

4,630<\/p>\n

Loans held for sale<\/p>\n


<\/p>\n

132<\/p>\n


<\/p>\n

130<\/p>\n

Loans<\/p>\n


<\/p>\n

1,525,466<\/p>\n


<\/p>\n

1,521,704<\/p>\n

Unearned fees<\/p>\n


<\/p>\n

(512)<\/p>\n


<\/p>\n

(476)<\/p>\n

Allowance for credit losses<\/p>\n


<\/p>\n

(19,951)<\/p>\n


<\/p>\n

(19,470)<\/p>\n

Net loans<\/p>\n


<\/p>\n

1,505,003<\/p>\n


<\/p>\n

1,501,758<\/p>\n

Premises and equipment, net<\/p>\n


<\/p>\n

30,020<\/p>\n


<\/p>\n

29,665<\/p>\n

Goodwill and other intangible assets<\/p>\n


<\/p>\n

11,361<\/p>\n


<\/p>\n

11,444<\/p>\n

Bank owned life insurance<\/p>\n


<\/p>\n

50,125<\/p>\n


<\/p>\n

50,360<\/p>\n

Deferred tax assets<\/p>\n


<\/p>\n

9,141<\/p>\n


<\/p>\n

8,730<\/p>\n

Other real estate owned, net<\/p>\n


<\/p>\n

1,083<\/p>\n


<\/p>\n

1,083<\/p>\n

Operating lease asset<\/p>\n


<\/p>\n

939<\/p>\n


<\/p>\n

1,015<\/p>\n

Pension asset<\/p>\n


<\/p>\n

20,036<\/p>\n


<\/p>\n

20,798<\/p>\n

Accrued interest receivable and other assets<\/p>\n


<\/p>\n

36,991<\/p>\n


<\/p>\n

46,694<\/p>\n

Total Assets<\/p>\n

$<\/p>\n

2,039,010<\/p>\n

$<\/p>\n

2,087,453<\/p>\n

Liabilities and Shareholders’ Equity<\/p>\n



\n

\n

\n
<\/p>\n

Liabilities:<\/p>\n



\n

\n

\n
<\/p>\n

Non-interest bearing deposits<\/p>\n

$<\/p>\n

451,303<\/p>\n

$<\/p>\n

453,036<\/p>\n

Interest bearing deposits<\/p>\n


<\/p>\n

1,299,400<\/p>\n


<\/p>\n

1,282,113<\/p>\n

Total deposits<\/p>\n


<\/p>\n

1,750,703<\/p>\n


<\/p>\n

1,735,149<\/p>\n

Short-term borrowings<\/p>\n


<\/p>\n

19,588<\/p>\n


<\/p>\n

17,661<\/p>\n

Long-term borrowings<\/p>\n


<\/p>\n

30,929<\/p>\n


<\/p>\n

95,929<\/p>\n

Operating lease liability<\/p>\n


<\/p>\n

1,095<\/p>\n


<\/p>\n

1,180<\/p>\n

Allowance for credit loss on off balance sheet exposures<\/p>\n


<\/p>\n

1,418<\/p>\n


<\/p>\n

1,218<\/p>\n

Accrued interest payable and other liabilities<\/p>\n


<\/p>\n

28,323<\/p>\n


<\/p>\n

30,992<\/p>\n

Dividends payable<\/p>\n


<\/p>\n

1,692<\/p>\n


<\/p>\n

1,690<\/p>\n

Total Liabilities<\/p>\n


<\/p>\n

1,833,748<\/p>\n


<\/p>\n

1,883,819<\/p>\n

Shareholders’ Equity:\u00a0\u00a0<\/p>\n



\n

\n

\n
<\/p>\n

Common Stock \u2013 par value $0.01 per share; Authorized 25,000,000 shares; issued and outstanding 6,446,717 at March 31, 2026 and 6,499,476 at December 31, 2025<\/p>\n


<\/p>\n

64<\/p>\n


<\/p>\n

65<\/p>\n

Surplus<\/p>\n


<\/p>\n

19,360<\/p>\n


<\/p>\n

21,551<\/p>\n

Retained earnings<\/p>\n


<\/p>\n

212,255<\/p>\n


<\/p>\n

207,284<\/p>\n

Accumulated other comprehensive loss<\/p>\n


<\/p>\n

(26,417)<\/p>\n


<\/p>\n

(25,266)<\/p>\n

Total Shareholders’ Equity<\/p>\n


<\/p>\n

205,262<\/p>\n


<\/p>\n

203,634<\/p>\n

Total Liabilities and Shareholders’ Equity<\/p>\n

$<\/p>\n

2,039,010<\/p>\n

$<\/p>\n

2,087,453<\/p>\n

Historical Income Statement<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n
<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n



\n
<\/p>\n

Q1<\/p>\n

Year to date<\/p>\n

Q4<\/p>\n

Q3<\/p>\n

Q2<\/p>\n


<\/p>\n

Q1<\/p>\n

In thousands<\/p>\n


<\/p>\n

(Unaudited)<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Interest income<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Interest and fees on loans<\/p>\n

$<\/p>\n

22,502<\/p>\n

$<\/p>\n

90,328<\/p>\n

$<\/p>\n

23,219<\/p>\n

$<\/p>\n

23,060<\/p>\n

$<\/p>\n

22,294<\/p>\n

$<\/p>\n

21,755<\/p>\n

Interest on investment securities<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Taxable<\/p>\n


<\/p>\n

1,882<\/p>\n


<\/p>\n

7,210<\/p>\n


<\/p>\n

1,845<\/p>\n


<\/p>\n

1,826<\/p>\n


<\/p>\n

1,776<\/p>\n


<\/p>\n

1,763<\/p>\n

Exempt from federal income tax<\/p>\n


<\/p>\n

59<\/p>\n


<\/p>\n

218<\/p>\n


<\/p>\n

59<\/p>\n


<\/p>\n

57<\/p>\n


<\/p>\n

57<\/p>\n


<\/p>\n

45<\/p>\n

Total investment income<\/p>\n


<\/p>\n

1,941<\/p>\n


<\/p>\n

7,428<\/p>\n


<\/p>\n

1,904<\/p>\n


<\/p>\n

1,883<\/p>\n


<\/p>\n

1,833<\/p>\n


<\/p>\n

1,808<\/p>\n

Other<\/p>\n


<\/p>\n

1,267<\/p>\n


<\/p>\n

3,092<\/p>\n


<\/p>\n

1,030<\/p>\n


<\/p>\n

819<\/p>\n


<\/p>\n

744<\/p>\n


<\/p>\n

499<\/p>\n

Total interest income<\/p>\n


<\/p>\n

25,710<\/p>\n


<\/p>\n

100,848<\/p>\n


<\/p>\n

26,153<\/p>\n


<\/p>\n

25,762<\/p>\n


<\/p>\n

24,871<\/p>\n


<\/p>\n

24,062<\/p>\n

Interest expense<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Interest on deposits<\/p>\n


<\/p>\n

6,631<\/p>\n


<\/p>\n

27,524<\/p>\n


<\/p>\n

7,044<\/p>\n


<\/p>\n

7,009<\/p>\n


<\/p>\n

6,788<\/p>\n


<\/p>\n

6,683<\/p>\n

Interest on short-term borrowings<\/p>\n


<\/p>\n

11<\/p>\n


<\/p>\n

75<\/p>\n


<\/p>\n

17<\/p>\n


<\/p>\n

17<\/p>\n


<\/p>\n

21<\/p>\n


<\/p>\n

20<\/p>\n

Interest on long-term borrowings<\/p>\n


<\/p>\n

995<\/p>\n


<\/p>\n

5,136<\/p>\n


<\/p>\n

1,105<\/p>\n


<\/p>\n

1,333<\/p>\n


<\/p>\n

1,355<\/p>\n


<\/p>\n

1,343<\/p>\n

Total interest expense<\/p>\n


<\/p>\n

7,637<\/p>\n


<\/p>\n

32,735<\/p>\n


<\/p>\n

8,166<\/p>\n


<\/p>\n

8,359<\/p>\n


<\/p>\n

8,164<\/p>\n


<\/p>\n

8,046<\/p>\n

Net interest income<\/p>\n


<\/p>\n

18,073<\/p>\n


<\/p>\n

68,113<\/p>\n


<\/p>\n

17,987<\/p>\n


<\/p>\n

17,403<\/p>\n


<\/p>\n

16,707<\/p>\n


<\/p>\n

16,016<\/p>\n

Credit loss expense\/(credit)<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Loans<\/p>\n


<\/p>\n

679<\/p>\n


<\/p>\n

2,345<\/p>\n


<\/p>\n

480<\/p>\n


<\/p>\n

480<\/p>\n


<\/p>\n

728<\/p>\n


<\/p>\n

657<\/p>\n

Debt securities held to maturity<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

43<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

43<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

\u2014<\/p>\n

Off balance sheet credit exposures<\/p>\n


<\/p>\n

200<\/p>\n


<\/p>\n

355<\/p>\n


<\/p>\n

237<\/p>\n


<\/p>\n

(13)<\/p>\n


<\/p>\n

132<\/p>\n


<\/p>\n

(1)<\/p>\n

Provision for credit losses<\/p>\n


<\/p>\n

879<\/p>\n


<\/p>\n

2,743<\/p>\n


<\/p>\n

717<\/p>\n


<\/p>\n

510<\/p>\n


<\/p>\n

860<\/p>\n


<\/p>\n

656<\/p>\n

Net interest income after provision for credit losses<\/p>\n


<\/p>\n

17,194<\/p>\n


<\/p>\n

65,370<\/p>\n


<\/p>\n

17,270<\/p>\n


<\/p>\n

16,893<\/p>\n


<\/p>\n

15,847<\/p>\n


<\/p>\n

15,360<\/p>\n

Other operating income<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Net gains on investments, available for sale<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

97<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

97<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

\u2014<\/p>\n

Gains on sale of residential mortgage loans<\/p>\n


<\/p>\n

86<\/p>\n


<\/p>\n

533<\/p>\n


<\/p>\n

132<\/p>\n


<\/p>\n

163<\/p>\n


<\/p>\n

146<\/p>\n


<\/p>\n

92<\/p>\n

Gains\/(losses) on disposal of fixed assets<\/p>\n


<\/p>\n

46<\/p>\n


<\/p>\n

(228)<\/p>\n


<\/p>\n

(229)<\/p>\n


<\/p>\n

1<\/p>\n


<\/p>\n

\u2014<\/p>\n


<\/p>\n

\u2014<\/p>\n

Net gains\/(losses)<\/p>\n


<\/p>\n

132<\/p>\n


<\/p>\n

402<\/p>\n


<\/p>\n

(97)<\/p>\n


<\/p>\n

261<\/p>\n


<\/p>\n

146<\/p>\n


<\/p>\n

92<\/p>\n

Other Income<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Service charges on deposit accounts<\/p>\n


<\/p>\n

547<\/p>\n


<\/p>\n

2,255<\/p>\n


<\/p>\n

568<\/p>\n


<\/p>\n

563<\/p>\n


<\/p>\n

577<\/p>\n


<\/p>\n

547<\/p>\n

Other service charges<\/p>\n


<\/p>\n

189<\/p>\n


<\/p>\n

845<\/p>\n


<\/p>\n

207<\/p>\n


<\/p>\n

218<\/p>\n


<\/p>\n

214<\/p>\n


<\/p>\n

206<\/p>\n

Trust department<\/p>\n


<\/p>\n

2,554<\/p>\n


<\/p>\n

9,824<\/p>\n


<\/p>\n

2,667<\/p>\n


<\/p>\n

2,448<\/p>\n


<\/p>\n

2,386<\/p>\n


<\/p>\n

2,323<\/p>\n

Debit card income<\/p>\n


<\/p>\n

931<\/p>\n


<\/p>\n

4,057<\/p>\n


<\/p>\n

1,173<\/p>\n


<\/p>\n

980<\/p>\n


<\/p>\n

983<\/p>\n


<\/p>\n

921<\/p>\n

Bank owned life insurance<\/p>\n


<\/p>\n

539<\/p>\n


<\/p>\n

1,408<\/p>\n


<\/p>\n

364<\/p>\n


<\/p>\n

355<\/p>\n


<\/p>\n

348<\/p>\n


<\/p>\n

341<\/p>\n

Brokerage commissions<\/p>\n


<\/p>\n

382<\/p>\n


<\/p>\n

1,445<\/p>\n


<\/p>\n

308<\/p>\n


<\/p>\n

346<\/p>\n


<\/p>\n

370<\/p>\n


<\/p>\n

421<\/p>\n

Other<\/p>\n


<\/p>\n

66<\/p>\n


<\/p>\n

332<\/p>\n


<\/p>\n

43<\/p>\n


<\/p>\n

164<\/p>\n


<\/p>\n

62<\/p>\n


<\/p>\n

63<\/p>\n

Total other income<\/p>\n


<\/p>\n

5,208<\/p>\n


<\/p>\n

20,166<\/p>\n


<\/p>\n

5,330<\/p>\n


<\/p>\n

5,074<\/p>\n


<\/p>\n

4,940<\/p>\n


<\/p>\n

4,822<\/p>\n

Total other operating income<\/p>\n


<\/p>\n

5,340<\/p>\n


<\/p>\n

20,568<\/p>\n


<\/p>\n

5,233<\/p>\n


<\/p>\n

5,335<\/p>\n


<\/p>\n

5,086<\/p>\n


<\/p>\n

4,914<\/p>\n

Other operating expenses<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Salaries and employee benefits<\/p>\n


<\/p>\n

8,201<\/p>\n


<\/p>\n

29,347<\/p>\n


<\/p>\n

7,108<\/p>\n


<\/p>\n

7,589<\/p>\n


<\/p>\n

7,319<\/p>\n


<\/p>\n

7,331<\/p>\n

FDIC premiums<\/p>\n


<\/p>\n

279<\/p>\n


<\/p>\n

1,051<\/p>\n


<\/p>\n

273<\/p>\n


<\/p>\n

266<\/p>\n


<\/p>\n

267<\/p>\n


<\/p>\n

245<\/p>\n

Equipment<\/p>\n


<\/p>\n

521<\/p>\n


<\/p>\n

2,217<\/p>\n


<\/p>\n

559<\/p>\n


<\/p>\n

515<\/p>\n


<\/p>\n

565<\/p>\n


<\/p>\n

578<\/p>\n

Occupancy<\/p>\n


<\/p>\n

725<\/p>\n


<\/p>\n

2,860<\/p>\n


<\/p>\n

817<\/p>\n


<\/p>\n

679<\/p>\n


<\/p>\n

675<\/p>\n


<\/p>\n

689<\/p>\n

Data processing<\/p>\n


<\/p>\n

1,664<\/p>\n


<\/p>\n

6,243<\/p>\n


<\/p>\n

1,623<\/p>\n


<\/p>\n

1,517<\/p>\n


<\/p>\n

1,600<\/p>\n


<\/p>\n

1,503<\/p>\n

Marketing<\/p>\n


<\/p>\n

234<\/p>\n


<\/p>\n

904<\/p>\n


<\/p>\n

288<\/p>\n


<\/p>\n

182<\/p>\n


<\/p>\n

196<\/p>\n


<\/p>\n

238<\/p>\n

Professional services<\/p>\n


<\/p>\n

569<\/p>\n


<\/p>\n

2,449<\/p>\n


<\/p>\n

745<\/p>\n


<\/p>\n

639<\/p>\n


<\/p>\n

589<\/p>\n


<\/p>\n

476<\/p>\n

Contract labor<\/p>\n


<\/p>\n

166<\/p>\n


<\/p>\n

634<\/p>\n


<\/p>\n

178<\/p>\n


<\/p>\n

127<\/p>\n


<\/p>\n

166<\/p>\n


<\/p>\n

163<\/p>\n

Telephone<\/p>\n


<\/p>\n

96<\/p>\n


<\/p>\n

380<\/p>\n


<\/p>\n

97<\/p>\n


<\/p>\n

89<\/p>\n


<\/p>\n

96<\/p>\n


<\/p>\n

98<\/p>\n

Other real estate owned<\/p>\n


<\/p>\n

123<\/p>\n


<\/p>\n

2,235<\/p>\n


<\/p>\n

1,866<\/p>\n


<\/p>\n

69<\/p>\n


<\/p>\n

208<\/p>\n


<\/p>\n

92<\/p>\n

Investor relations<\/p>\n


<\/p>\n

60<\/p>\n


<\/p>\n

306<\/p>\n


<\/p>\n

55<\/p>\n


<\/p>\n

57<\/p>\n


<\/p>\n

132<\/p>\n


<\/p>\n

62<\/p>\n

Contributions<\/p>\n


<\/p>\n

65<\/p>\n


<\/p>\n

344<\/p>\n


<\/p>\n

120<\/p>\n


<\/p>\n

90<\/p>\n


<\/p>\n

78<\/p>\n


<\/p>\n

56<\/p>\n

Other<\/p>\n


<\/p>\n

989<\/p>\n


<\/p>\n

4,435<\/p>\n


<\/p>\n

1,140<\/p>\n


<\/p>\n

1,167<\/p>\n


<\/p>\n

1,083<\/p>\n


<\/p>\n

1,045<\/p>\n

Total other operating expenses<\/p>\n


<\/p>\n

13,692<\/p>\n


<\/p>\n

53,405<\/p>\n


<\/p>\n

14,869<\/p>\n


<\/p>\n

12,986<\/p>\n


<\/p>\n

12,974<\/p>\n


<\/p>\n

12,576<\/p>\n

Income before income tax expense<\/p>\n


<\/p>\n

8,842<\/p>\n


<\/p>\n

32,533<\/p>\n


<\/p>\n

7,634<\/p>\n


<\/p>\n

9,242<\/p>\n


<\/p>\n

7,959<\/p>\n


<\/p>\n

7,698<\/p>\n

Provision for income tax expense<\/p>\n


<\/p>\n

2,179<\/p>\n


<\/p>\n

8,018<\/p>\n


<\/p>\n

1,857<\/p>\n


<\/p>\n

2,294<\/p>\n


<\/p>\n

1,975<\/p>\n


<\/p>\n

1,892<\/p>\n

Net Income<\/p>\n

$<\/p>\n

6,663<\/p>\n

$<\/p>\n

24,515<\/p>\n

$<\/p>\n

5,777<\/p>\n

$<\/p>\n

6,948<\/p>\n

$<\/p>\n

5,984<\/p>\n

$<\/p>\n

5,806<\/p>\n

Basic net income per share<\/p>\n

$<\/p>\n

1.03<\/p>\n

$<\/p>\n

3.78<\/p>\n

$<\/p>\n

0.89<\/p>\n

$<\/p>\n

1.07<\/p>\n

$<\/p>\n

0.92<\/p>\n

$<\/p>\n

0.90<\/p>\n

Diluted net income per share<\/p>\n

$<\/p>\n

1.03<\/p>\n

$<\/p>\n

3.77<\/p>\n

$<\/p>\n

0.89<\/p>\n

$<\/p>\n

1.07<\/p>\n

$<\/p>\n

0.92<\/p>\n

$<\/p>\n

0.89<\/p>\n

Weighted average number of basic shares outstanding<\/p>\n


<\/p>\n

6,483<\/p>\n


<\/p>\n

6,490<\/p>\n


<\/p>\n

6,499<\/p>\n


<\/p>\n

6,496<\/p>\n


<\/p>\n

6,489<\/p>\n


<\/p>\n

6,474<\/p>\n

Weighted average number of diluted shares outstanding<\/p>\n


<\/p>\n

6,494<\/p>\n


<\/p>\n

6,504<\/p>\n


<\/p>\n

6,510<\/p>\n


<\/p>\n

6,508<\/p>\n


<\/p>\n

6,506<\/p>\n


<\/p>\n

6,490<\/p>\n

Dividends declared per share<\/p>\n

$<\/p>\n

0.26<\/p>\n

$<\/p>\n

0.96<\/p>\n

$<\/p>\n

0.26<\/p>\n

$<\/p>\n

0.26<\/p>\n

$<\/p>\n

0.22<\/p>\n

$<\/p>\n

0.22<\/p>\n

Non-GAAP Financial Measures (unaudited)<\/p>\n

Reconciliation of as reported (GAAP) and non-GAAP financial measures<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

The following tables below provide a reconciliation of certain financial measures calculated under
generally accepted accounting principles (“GAAP”) (as reported) and non-GAAP. A non-GAAP
financial measure is a numerical measure of historical or future financial performance, financial
position or cash flows that excludes or includes amounts that are required to be disclosed in the
most directly comparable measure calculated and presented in accordance with GAAP in the
United States. The Company’s management believes the presentation of non-GAAP financial
measures provide investors with a greater understanding of the Company’s operating results in
addition to the results measured in accordance with GAAP. While management uses these non-
GAAP measures in its analysis of the Company’s performance, this information should not be
viewed as a substitute for financial results determined in accordance with GAAP or considered to
be more important than financial results determined in accordance with GAAP.<\/p>\n

\u00a0<\/p>\n

The following non-GAAP financial measures exclude gains on disposal of fixed assets in 2026.<\/p>\n



\n
<\/p>\n

Three months ended March 31,<\/p>\n


<\/p>\n



\n
<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n


<\/p>\n

(in thousands, except for per share amount)<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

Net income – as reported<\/p>\n


<\/p>\n

$<\/p>\n

6,663<\/p>\n


<\/p>\n

$<\/p>\n

5,806<\/p>\n


<\/p>\n

Adjustments:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Gain on disposal of fixed assets<\/p>\n



\n
<\/p>\n

(46)<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Income tax effect of adjustments<\/p>\n



\n
<\/p>\n

11<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

Adjusted net income (non-GAAP)<\/p>\n


<\/p>\n

$<\/p>\n

6,628<\/p>\n


<\/p>\n

$<\/p>\n

5,806<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Basic and diluted earnings per share – as reported<\/p>\n


<\/p>\n

$<\/p>\n

1.03<\/p>\n


<\/p>\n

$<\/p>\n

0.89<\/p>\n


<\/p>\n

Adjustments:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Gain on disposal of fixed assets<\/p>\n



\n
<\/p>\n

(0.01)<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

Adjusted basic and diluted earnings per share (non-GAAP)<\/p>\n


<\/p>\n

$<\/p>\n

1.02<\/p>\n


<\/p>\n

$<\/p>\n

0.89<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n
<\/p>\n

As of or for the three months ended<\/p>\n


<\/p>\n



\n
<\/p>\n

March 31,<\/p>\n


<\/p>\n

(in thousands, except per share data)<\/p>\n


<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n


<\/p>\n

Per Share Data<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

Basic net income per share – as reported<\/p>\n


<\/p>\n

$<\/p>\n

1.03<\/p>\n


<\/p>\n

$<\/p>\n

0.90<\/p>\n


<\/p>\n

Basic net income per share – non-GAAP<\/p>\n


<\/p>\n

$<\/p>\n

1.02<\/p>\n


<\/p>\n

$<\/p>\n

0.90<\/p>\n


<\/p>\n

Diluted net income per share – as reported<\/p>\n


<\/p>\n

$<\/p>\n

1.03<\/p>\n


<\/p>\n

$<\/p>\n

0.89<\/p>\n


<\/p>\n

Diluted net income per share – non-GAAP<\/p>\n


<\/p>\n

$<\/p>\n

1.02<\/p>\n


<\/p>\n

$<\/p>\n

0.89<\/p>\n


<\/p>\n

Basic book value per share\u00a0<\/p>\n


<\/p>\n

$<\/p>\n

31.84<\/p>\n


<\/p>\n

$<\/p>\n

28.40<\/p>\n


<\/p>\n

Adjusted basic book value per share (1) – non-GAAP<\/p>\n


<\/p>\n

$<\/p>\n

31.83<\/p>\n


<\/p>\n

$<\/p>\n

28.40<\/p>\n


<\/p>\n

Diluted book value per share\u00a0<\/p>\n


<\/p>\n

$<\/p>\n

31.78<\/p>\n


<\/p>\n

$<\/p>\n

28.42<\/p>\n


<\/p>\n

Tangible book value per share<\/p>\n


<\/p>\n

$<\/p>\n

30.08<\/p>\n


<\/p>\n

$<\/p>\n

26.55<\/p>\n


<\/p>\n

Diluted Tangible book value per share<\/p>\n


<\/p>\n

$<\/p>\n

30.02<\/p>\n


<\/p>\n

$<\/p>\n

26.47<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Basic book value per share – as reported<\/p>\n


<\/p>\n

$<\/p>\n

31.84<\/p>\n


<\/p>\n

$<\/p>\n

28.40<\/p>\n


<\/p>\n

Adjustments:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Gain on disposal of fixed assets<\/p>\n



\n
<\/p>\n

(0.01)<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

Adjusted basic book value per share (non-GAAP)<\/p>\n


<\/p>\n

$<\/p>\n

31.83<\/p>\n


<\/p>\n

$<\/p>\n

28.40<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Diluted book value per share – as reported<\/p>\n


<\/p>\n

$<\/p>\n

31.78<\/p>\n


<\/p>\n

$<\/p>\n

28.40<\/p>\n


<\/p>\n

Adjustments:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Gain on disposal of fixed assets<\/p>\n



\n
<\/p>\n

(0.01)<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

Adjusted diluted book value per share (non-GAAP)<\/p>\n


<\/p>\n

$<\/p>\n

31.77<\/p>\n


<\/p>\n

$<\/p>\n

28.40<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n



\n

\n
<\/p>\n

As of or for the three months ended<\/p>\n


<\/p>\n

Significant Ratios:<\/p>\n



\n

\n
<\/p>\n



\n

\n
<\/p>\n

March 31,<\/p>\n


<\/p>\n



\n

\n
<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n


<\/p>\n

Return on Average Assets – as reported<\/p>\n



\n
<\/p>\n

1.29\u00a0%<\/p>\n



\n
<\/p>\n

1.19\u00a0%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Adjustments:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Gain on disposal of fixed assets<\/p>\n



\n
<\/p>\n

(0.01\u00a0%)<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

Adjusted Return on Average Assets (non-GAAP)<\/p>\n



\n
<\/p>\n

1.28\u00a0%<\/p>\n



\n
<\/p>\n

1.19\u00a0%<\/p>\n


<\/p>\n



\n

\n

\n

\n

\n

\n

\n
<\/p>\n

Return on Average Equity – as reported<\/p>\n



\n
<\/p>\n

13.06\u00a0%<\/p>\n



\n
<\/p>\n

12.83\u00a0%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Adjustments:<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Gain on disposal of fixed assets<\/p>\n



\n
<\/p>\n

(0.07\u00a0%)<\/p>\n



\n
<\/p>\n

\u2014<\/p>\n


<\/p>\n

Adjusted Return on Average Equity (non-GAAP)<\/p>\n



\n
<\/p>\n

12.99\u00a0%<\/p>\n



\n
<\/p>\n

12.83\u00a0%<\/p>\n


<\/p>\n



\n

\n
<\/p>\n

Three Months Ended<\/p>\n


<\/p>\n



\n

\n
<\/p>\n

March 31,<\/p>\n


<\/p>\n



\n

\n
<\/p>\n

2026<\/p>\n


<\/p>\n

2025<\/p>\n


<\/p>\n


<\/p>\n

(dollars in thousands)<\/p>\n


<\/p>\n

Average
Balance<\/p>\n


<\/p>\n

Interest<\/p>\n


<\/p>\n

Average
Yield\/Rate<\/p>\n


<\/p>\n

Average
Balance<\/p>\n


<\/p>\n

Interest<\/p>\n


<\/p>\n

Average
Yield\/Rate<\/p>\n


<\/p>\n


<\/p>\n

Assets<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Loans<\/p>\n


<\/p>\n

$<\/p>\n

1,483,206<\/p>\n



\n
<\/p>\n

22,513<\/p>\n


<\/p>\n

6.16<\/p>\n

%<\/p>\n

$<\/p>\n

1,483,151<\/p>\n



\n
<\/p>\n

21,768<\/p>\n


<\/p>\n

5.95<\/p>\n

%<\/p>\n


<\/p>\n

Investment Securities:<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Taxable<\/p>\n



\n
<\/p>\n

290,835<\/p>\n



\n
<\/p>\n

1,885<\/p>\n


<\/p>\n

2.63<\/p>\n

%<\/p>\n


<\/p>\n

284,303<\/p>\n



\n
<\/p>\n

1,763<\/p>\n


<\/p>\n

2.51<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Non taxable<\/p>\n



\n
<\/p>\n

7,498<\/p>\n



\n
<\/p>\n

105<\/p>\n


<\/p>\n

5.68<\/p>\n

%<\/p>\n


<\/p>\n

6,524<\/p>\n



\n
<\/p>\n

81<\/p>\n


<\/p>\n

5.04<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Total<\/p>\n



\n
<\/p>\n

298,333<\/p>\n



\n
<\/p>\n

1,990<\/p>\n


<\/p>\n

2.71<\/p>\n

%<\/p>\n


<\/p>\n

290,827<\/p>\n



\n
<\/p>\n

1,844<\/p>\n


<\/p>\n

2.57<\/p>\n

%<\/p>\n


<\/p>\n

Federal funds sold<\/p>\n



\n
<\/p>\n

128,969<\/p>\n



\n
<\/p>\n

1,169<\/p>\n


<\/p>\n

3.68<\/p>\n

%<\/p>\n


<\/p>\n

41,750<\/p>\n



\n
<\/p>\n

384<\/p>\n


<\/p>\n

3.73<\/p>\n

%<\/p>\n


<\/p>\n

Interest-bearing deposits with other banks<\/p>\n



\n
<\/p>\n

4,234<\/p>\n



\n
<\/p>\n

23<\/p>\n


<\/p>\n

2.20<\/p>\n

%<\/p>\n


<\/p>\n

8,488<\/p>\n



\n
<\/p>\n

15<\/p>\n


<\/p>\n

0.72<\/p>\n

%<\/p>\n


<\/p>\n

Other interest earning assets<\/p>\n



\n
<\/p>\n

4,219<\/p>\n



\n
<\/p>\n

72<\/p>\n


<\/p>\n

6.92<\/p>\n

%<\/p>\n


<\/p>\n

5,774<\/p>\n



\n
<\/p>\n

100<\/p>\n


<\/p>\n

7.02<\/p>\n

%<\/p>\n


<\/p>\n

Total earning assets<\/p>\n



\n
<\/p>\n

1,918,961<\/p>\n



\n
<\/p>\n

25,767<\/p>\n


<\/p>\n

5.45<\/p>\n

%<\/p>\n


<\/p>\n

1,829,990<\/p>\n



\n
<\/p>\n

24,111<\/p>\n


<\/p>\n

5.34<\/p>\n

%<\/p>\n


<\/p>\n

Allowance for credit losses<\/p>\n



\n
<\/p>\n

(21,654)<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

(18,413)<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Non-earning assets<\/p>\n



\n
<\/p>\n

201,510<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

165,125<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Total Assets<\/p>\n


<\/p>\n

$<\/p>\n

2,098,817<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

$<\/p>\n

1,976,702<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Liabilities and Shareholders’ Equity<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Deposits<\/p>\n



\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Interest-bearing demand deposits<\/p>\n


<\/p>\n

$<\/p>\n

396,375<\/p>\n


<\/p>\n

$<\/p>\n

1,668<\/p>\n


<\/p>\n

1.71<\/p>\n

%<\/p>\n

$<\/p>\n

373,903<\/p>\n


<\/p>\n

$<\/p>\n

1,652<\/p>\n


<\/p>\n

1.79<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Interest-bearing money markets- retail<\/p>\n



\n
<\/p>\n

548,853<\/p>\n



\n
<\/p>\n

3,675<\/p>\n


<\/p>\n

2.72<\/p>\n

%<\/p>\n


<\/p>\n

464,151<\/p>\n



\n
<\/p>\n

3,547<\/p>\n


<\/p>\n

3.10<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Interest-bearing money markets- brokered<\/p>\n



\n
<\/p>\n

168<\/p>\n



\n
<\/p>\n

1<\/p>\n


<\/p>\n

2.41<\/p>\n

%<\/p>\n


<\/p>\n

134<\/p>\n



\n
<\/p>\n

1<\/p>\n


<\/p>\n

3.03<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Savings deposits<\/p>\n



\n
<\/p>\n

159,673<\/p>\n



\n
<\/p>\n

38<\/p>\n


<\/p>\n

0.10<\/p>\n

%<\/p>\n


<\/p>\n

171,517<\/p>\n



\n
<\/p>\n

43<\/p>\n


<\/p>\n

0.10<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Time deposits – retail<\/p>\n



\n
<\/p>\n

150,022<\/p>\n



\n
<\/p>\n

924<\/p>\n


<\/p>\n

2.50<\/p>\n

%<\/p>\n


<\/p>\n

144,519<\/p>\n



\n
<\/p>\n

1,046<\/p>\n


<\/p>\n

2.94<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Time deposits – brokered<\/p>\n



\n
<\/p>\n

31,111<\/p>\n



\n
<\/p>\n

325<\/p>\n


<\/p>\n

4.24<\/p>\n

%<\/p>\n


<\/p>\n

36,041<\/p>\n



\n
<\/p>\n

394<\/p>\n


<\/p>\n

4.43<\/p>\n

%<\/p>\n


<\/p>\n

\u00a0\u00a0\u00a0\u00a0 Total deposits<\/p>\n



\n
<\/p>\n

1,286,202<\/p>\n



\n
<\/p>\n

6,631<\/p>\n


<\/p>\n

2.09<\/p>\n

%<\/p>\n


<\/p>\n

1,190,265<\/p>\n



\n
<\/p>\n

6,683<\/p>\n


<\/p>\n

2.28<\/p>\n

%<\/p>\n


<\/p>\n

Short-term borrowings<\/p>\n



\n
<\/p>\n

18,588<\/p>\n



\n
<\/p>\n

11<\/p>\n


<\/p>\n

0.24<\/p>\n

%<\/p>\n


<\/p>\n

23,053<\/p>\n



\n
<\/p>\n

20<\/p>\n


<\/p>\n

0.35<\/p>\n

%<\/p>\n


<\/p>\n

Long-term borrowings<\/p>\n



\n
<\/p>\n

87,262<\/p>\n



\n
<\/p>\n

995<\/p>\n


<\/p>\n

4.62<\/p>\n

%<\/p>\n


<\/p>\n

120,929<\/p>\n



\n
<\/p>\n

1,343<\/p>\n


<\/p>\n

4.50<\/p>\n

%<\/p>\n


<\/p>\n

Total interest-bearing liabilities<\/p>\n



\n
<\/p>\n

1,392,052<\/p>\n



\n
<\/p>\n

7,637<\/p>\n


<\/p>\n

2.22<\/p>\n

%<\/p>\n


<\/p>\n

1,334,247<\/p>\n



\n
<\/p>\n

8,046<\/p>\n


<\/p>\n

2.45<\/p>\n

%<\/p>\n


<\/p>\n

Non-interest-bearing deposits<\/p>\n



\n
<\/p>\n

466,475<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

427,518<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Other liabilities<\/p>\n



\n
<\/p>\n

33,383<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

31,474<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Shareholders’ Equity<\/p>\n



\n
<\/p>\n

206,907<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

183,463<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Total Liabilities and Shareholders’ Equity<\/p>\n


<\/p>\n

$<\/p>\n

2,098,817<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

$<\/p>\n

1,976,702<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n


<\/p>\n

Net interest income and spread<\/p>\n



\n

\n

\n
<\/p>\n

$<\/p>\n

18,130<\/p>\n


<\/p>\n

3.23<\/p>\n

%<\/p>\n



\n

\n
<\/p>\n

$<\/p>\n

16,065<\/p>\n


<\/p>\n

2.89<\/p>\n

%<\/p>\n


<\/p>\n

Net interest margin<\/p>\n



\n

\n

\n

\n

\n

\n
<\/p>\n

3.83<\/p>\n

%<\/p>\n



\n

\n

\n

\n

\n
<\/p>\n

3.56<\/p>\n

%<\/p>\n

SOURCE First United Corporation<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"OAKLAND, Md., April 20, 2026 \/PRNewswire\/ — First United Corporation (the “Corporation, “we”, “us”, and “our”) (NASDAQ: FUNC),…\n","protected":false},"author":2,"featured_media":402348,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[23233,114,3313,190432,85,46],"class_list":["post-402347","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-banking-financial-services","tag-business","tag-earnings","tag-first-united-corporation","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/402347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=402347"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/402347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/402348"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=402347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=402347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=402347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}