CB Financial Services, Inc. Announces Third Quarter 2026 Financial Results and Declares Quarterly Cash Dividend

CB Financial Services, Inc. Announces Third Quarter 2026 Financial Results and Declares Quarterly Cash Dividend

WASHINGTON, Pa.–(BUSINESS WIRE)–
CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), today announced its third quarter and year-to-date 2026 financial results.

	Three Months Ended														Nine Months Ended
	9/30/26			6/30/26		3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands, except per share data) (Unaudited)

Net Income (Loss) (GAAP)	$	5,327		$	4,301	$	3,867		$	4,742		$	(5,696	)	$	13,497		$	164
Net Income Adjustments		(462	)		—		(6	)		(932	)		9,627			(468	)		10,391
Adjusted Net Income (Non-GAAP) ⁽¹⁾	$	4,865		$	4,301	$	3,861		$	3,810		$	3,931		$	13,029		$	10,555

Earnings (Loss) per Common Share – Diluted (GAAP)	$	0.99		$	0.80	$	0.73		$	0.89		$	(1.07	)	$	2.53		$	0.03
Adjusted Earnings per Common Share – Diluted (Non-GAAP) ⁽¹⁾	$	0.91		$	0.80	$	0.73		$	0.72		$	0.74		$	2.44		$	1.97

Income (Loss) Before Income Tax Expense (GAAP)	$	5,824		$	5,099	$	4,581		$	5,270		$	(7,020	)	$	15,506		$	33
Net (Recovery) Provision for Credit Losses		(69	)		17		241			362			259			190			227
Pre-Provision Net Revenue (“PPNR”)	$	5,755		$	5,116	$	4,822		$	5,632		$	(6,761	)	$	15,696		$	260
Net Income Adjustments		—			—		(8	)		(751	)		11,757			(8	)		12,724
Adjusted PPNR (Non-GAAP) ⁽¹⁾	$	5,755		$	5,116	$	4,814		$	4,881		$	4,996		$	15,688		$	12,984

(1)	Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share – diluted as presented later in this Press Release.

2026 Third Quarter Financial Highlights

Average assets were $1.67 billion for the three months ended September 30, 2026, an increase of $9.6 million compared to the three months ended June 30, 2026. Average organic deposit growth and utilization of cash balances funded average loan growth and investment security purchases. The Company’s balance sheet strategy remains centered on driving earnings growth within a disciplined, stable risk framework. These strategies include:
- Optimizing asset mix: Redeploying repayments of indirect automobile and residential mortgage loans into higher-yielding commercial loan products. Commercial loans totaled 63.2% of the Bank’s loan portfolio at September 30, 2026 compared to 59.8% at September 30, 2025.
- Managing funding costs: Growing core deposits to reduce reliance on higher-cost wholesale borrowings. The Bank continues to strategically shift its deposit mix toward lower cost core deposit relationships and away from higher priced funding, a favorable transition driven by the ongoing onboarding of Specialty Treasury clients that began during the first quarter of 2026.
- Actively managing interest rate risk: Using asset-liability modeling to reduce earnings sensitivity while keeping liquidity and capital strong.
Adjusted earnings per diluted common share (EPS) (non-GAAP) increased to $0.91 for the three months ended September 30, 2026, compared to $0.80 for the three months ended June 30, 2026.
Adjusted return on average assets (annualized) (non-GAAP) increased to 1.15% for the three months ended September 30, 2026, compared to 1.04% for the three months ended June 30, 2026.
Adjusted return on average equity (annualized) (non-GAAP) increased to 11.95% for the three months ended September 30, 2026, compared to 10.77% for the three months ended June 30, 2026.
Net interest and dividend income increased for six consecutive quarters to $15.0 million for the three months ended September 30, 2026 compared to $14.5 million for the three months ended June 30, 2026, as net interest margin (NIM) improved to 3.75% for the three months ended September 30, 2026 compared to 3.68% for the three months ended June 30, 2026. The improvement in NIM resulted from an increase in the yield on earning assets to 5.44% from 5.34%, driven by higher yields on cash, securities and loans. At the same time, the cost of funds increased to 1.75% from 1.72% resulting from Specialty Treasury deposit growth primarily in interest bearing demand and money market deposits.
Noninterest expenses decreased $126,000 to $10.3 million for the three months ended September 30, 2026 compared to $10.4 million for the three months ended June 30, 2026. This decrease was driven by a decrease in salaries and employee benefits and data processing, partially offset by increases in Pennsylvania shares tax, contracted services, legal and professional fees and advertising expenses.
Asset quality remains strong as nonperforming loans to total loans was 0.28% at September 30, 2026.
Book value per share and tangible book value per share (Non-GAAP) was $30.67 and $28.76, respectively at September 30, 2026. The decline since year-end 2025 resulted from an increase in accumulated other comprehensive losses due to recent increases in market rates.
The Bank remains well-capitalized and is positioned for future growth.

Management Commentary

President and CEO John H. Montgomery commented, “We delivered solid results for the quarter with improved net interest margin and earnings. Earning asset yields continued to benefit from the balance sheet restructuring executed in the third quarter of last year, helping insulate the portfolio against rate-related repricing pressure. We also maintained disciplined expense management, keeping our cost structure aligned with the current operating environment. Looking ahead, we are focused on building loan and deposit momentum as we close out the year and head into 2027.

We continued to operate with discipline in the third quarter, maintaining a strong balance sheet and the conservative credit standards that have long served our shareholders well. Total loans decreased modestly, primarily due to the payoff of a single large relationship, and we expect payoff activity to moderate in the fourth quarter. Asset quality remained solid, and our capital position strong, with nonperforming loans at 0.28% of total loans and the allowance for credit losses covering 311.8% of nonperforming assets at quarter-end, giving us the flexibility to pursue quality growth opportunities as they arise. The underlying strength of our loan portfolio, together with our ability to manage risk effectively, positions us well as we work to grow the balance sheet.

In the third quarter, our Specialty Treasury Payments & Services program continued to perform well following its move to full operational capacity last quarter. While total deposits were essentially flat for the quarter, the program continued to strengthen the composition of our deposit base, contributing $110.8 million in deposits since year-end. As newly onboarded relationships mature and begin to consolidate more of their banking activity with us, we expect the program’s contribution to build over time. We are confident in its ability to enhance the Company’s efficiency, scalability, and earnings power, and we continue to see a healthy pipeline and strong engagement across our customer base.

Supported by solid capital, sound asset quality and ample liquidity, we are well positioned to capitalize on the opportunities ahead and remain committed to delivering sustainable, long-term value for our shareholders.”

Dividend Declaration

The Company’s Board of Directors declared a $0.28 quarterly cash dividend per outstanding share of common stock, payable on or about November 27, 2026, to stockholders of record as of the close of business on November 13, 2026.

2026 Third Quarter Financial Review

Net Interest and Dividend Income

Net interest and dividend income increased $1.9 million, or 14.5%, to $15.0 million for the three months ended September 30, 2026 compared to $13.1 million for the three months ended September 30, 2025.

Net Interest Margin (NIM) (GAAP) increased to 3.75% for the three months ended September 30, 2026 compared to 3.64% for the three months ended September 30, 2025. Fully tax equivalent (FTE) NIM (Non-GAAP) increased 12 basis points (“bps”) to 3.79% for the three months ended September 30, 2026 compared to 3.67% for the three months ended September 30, 2025.
Interest and dividend income increased $2.3 million, or 11.6%, to $21.6 million for the three months ended September 30, 2026 compared to $19.3 million for the three months ended September 30, 2025.
- Interest income on loans increased $579,000, or 3.6%, to $16.6 million for the three months ended September 30, 2026 compared to $16.0 million for the three months ended September 30, 2025. The average balance of loans increased $37.8 million to $1.16 billion from $1.12 billion, causing a $535,000 increase in interest income on loans. Additionally, the average yield on loans increased 1 bp to 5.69% from 5.68% despite a 50 bp reduction in the federal funds target rate since September 2025. While this led to the downward repricing of adjustable rate loans, the impact was mostly negated by a reduction in lower yielding consumer loans due to the discontinuation of the indirect automobile loan product with the redeployment of those funds into higher yielding commercial loan products. The increase in the average yield caused a $28,000 increase in interest income on loans.
- Interest income on investment securities increased $1.1 million, or 38.0%, to $4.1 million for the three months ended September 30, 2026 compared to $3.0 million for the three months ended September 30, 2025 driven by an 48 bp increase in average yield, coupled with a $72.6 million increase in average balances. The increase in yield was primarily due to the third quarter 2025 implementation of a balance sheet repositioning strategy of the Bank’s portfolio of available-for-sale investment securities in which $129.6 million in book value of lower-yielding investment securities with an average yield of 2.87% were sold for an after-tax realized loss of $9.3 million. Investment securities sold included $121.1 million of mortgage-backed securities and collateralized mortgage obligations issued by the U.S. government-sponsored agencies, $5.0 million of U.S. government agency securities and $3.5 million of municipal securities. The Bank then purchased $117.8 million of higher-yielding mortgage-backed securities/collateralized mortgage obligations issued by U.S government-sponsored agencies, municipal securities, subordinated debt investments and non-agency guaranteed securitizations with an expected tax-equivalent yield of approximately 5.43%. The increase in the average balance resulted from current year purchases.
- Interest income on interest-earning deposits at other banks increased $505,000 to $798,000 for the three months ended September 30, 2026 compared to $293,000 for the three months ended September 30, 2025 driven by a $50.2 million increase in average balances and a 5 bp increase in the average yield. The increase in the volume was due to deposit growth.
Interest expense increased $353,000, or 5.7%, to $6.6 million for the three months ended September 30, 2026 compared to $6.2 million for the three months ended September 30, 2025.
- Interest expense on deposits increased $82,000, or 1.4%, to $5.9 million for the three months ended September 30, 2026 compared to $5.8 million for the three months ended September 30, 2025. Average interest-bearing deposit balances increased $113.5 million, or 11.1%, to $1.13 billion as of September 30, 2026 compared to $1.02 billion as of September 30, 2025, primarily as the Bank grew core banking relationships and onboarded Specialty Treasury clients. The increase in average balances accounted for a $622,000 increase in interest expense. This was partially offset as the cost of interest-bearing deposits decreased 20 bps to 2.06% for the three months ended September 30, 2026 from 2.26% for the three months ended September 30, 2025 due to the Federal Reserve federal funds target rate decreases since September 2025. The decrease in the cost of interest-bearing deposits accounted for a $540,000 decrease in interest expense.
- Interest expense on borrowed funds increased $271,000, or 62.7%, to $703,000 for the three months ended September 30, 2026 compared to $432,000 for the three months ended September 30, 2025. Average balances increased $27.2 million as short-term borrowings were utilized to replace maturing brokered deposits.

Provision for Credit Losses

A recovery of provision for credit losses of $69,000 was recorded for the three months ended September 30, 2026. The Company recorded a $399,000 recovery of provision for credit losses on loans primarily due to a decline in loan principal of $17.8 million and favorable changes in portfolio concentrations and improvement for individually assessed loans. This was partially offset as the provision for credit losses on unfunded commitments was $330,000 and was primarily due to a $10.8 million increase in unfunded commitments and an increase in the loss rate for construction and land development unfunded commitments. This compared to a provision for credit losses of $259,000 recorded for the three months ended September 30, 2025 as the provision for credit losses on loans was $336,000 and was primarily due to additional reserves required for overall loan growth, changes in qualitative factors and an addition to individually assessed loans requiring specific reserves, partially offset by favorable changes in portfolio concentrations and the calculated loss rate. This was partially offset by a $77,000 recovery for credit losses on unfunded commitments due to a decrease in unfunded commitments.

Noninterest Income

Noninterest income increased $11.7 million to $1.0 million for the three months ended September 30, 2026, compared to a loss of $10.7 million for the three months ended September 30, 2025 as a result of $11.8 million in losses on the sale of securities from a securities repositioning strategy executed during the three months ended September 30, 2025.

Noninterest Expense

Noninterest expense increased $1.1 million, or 11.8%, to $10.3 million for the three months ended September 30, 2026 compared to $9.2 million for the three months ended September 30, 2025. Salaries and benefits increased $604,000 primarily due to revenue producing treasury and commercial banking personnel additions, merit increases and higher benefit compensation costs. Data processing expense increased $345,000 due to the implementation of enhanced treasury and commercial banking platforms in late 2025 and early 2026. Contracted services increased $127,000 due to outsourced information security and treasury consulting services.

Income Taxes

Income tax expense was $497,000 for the three months ended September 30, 2026 compared to a $1.3 million tax benefit for the three months ended September 30, 2025. This change was driven by an increase in pre-tax income to $5.8 million for the three months ended September 30, 2026 compared to a $7.0 million loss for the three months ended September 30, 2025. The effective tax rate for the three months ended September 30, 2026 was 8.5%. The minimal effective tax rate resulted primarily from a $462,000 federal income tax benefit recorded related to the purchase of a $7.7 million renewable energy tax credit during the three months ended September 30, 2026 and an increase in low-income housing tax credits. This compared to an effective tax benefit rate of 18.9% for the three months ended September 30, 2025 due to the prior period loss on the sale of securities as part of the Company’s balance sheet repositioning strategy.

Statement of Financial Condition Review

Assets

Total assets increased $80.3 million, or 5.2%, to $1.63 billion at September 30, 2026, compared to $1.55 billion at December 31, 2025.

Cash and due from banks decreased $863,000, or 2.7%, to $30.8 million at September 30, 2026, compared to $31.7 million at December 31, 2025.
Securities increased $64.1 million, or 22.9%, to $344.0 million at September 30, 2026, compared to $279.9 million at December 31, 2025. This was primarily due to $134.7 million of security purchases, partially offset by $56.0 million of maturities and principal repayments on amortizing securities and a $15.1 million increase in unrealized losses on the portfolio as a result of recent increases in market interest rates.

Loans and Credit Quality

Total loans remained stable at $1.16 billion for both September 30, 2026 and December 31, 2025, and included increases in commercial real estate and construction loans of $46.8 million and $6.9 million, respectively, partially offset by decreases in commercial and industrial, consumer, other and residential real estate loans of $25.5 million, $15.4 million, $7.3 million and $5.8 million, respectively. The decrease in commercial and industrial loans resulted from the payoff of a large line of credit due to the sale of the business while the decrease in consumer loans resulted from the continued reduction in indirect automobile loan production since the discontinuation of this product offering as of June 30, 2023. This portfolio is expected to continue to decline as resources are allocated and production efforts are focused on more profitable commercial products. Excluding the $15.5 million decrease in indirect automobile loans, total loans increased $15.1 million, or 1.3%. Loan production totaled $135.0 million while $107.5 million of loans were paid off since December 31, 2025.
Nonperforming loans, which include nonaccrual loans and accruing loans past due 90 days or more, were $3.2 million at September 30, 2026 and $5.3 million at December 31, 2025. Nonperforming loans to total loans ratio was 0.28% at September 30, 2026 and 0.46% at December 31, 2025. The decrease in nonperforming loans was due to the full repayment of a $2.0 million commercial real estate loan which was placed on nonaccrual status in the fourth quarter of 2025.
The allowance for credit losses (ACL) was $10.0 million at September 30, 2026 and $10.1 million at December 31, 2025. As a result, the ACL to total loans was 0.86% at September 30, 2026 and 0.87% at December 31, 2025. During the current year, the Company recorded a recovery for credit losses on loans of $14,000. The ACL to nonperforming assets was 311.8% at September 30, 2026 and 190.5% at December 31, 2025.
Net charge-offs for the three months ended September 30, 2026 were $59,000, or 0.02% of average loans on an annualized basis, compared to net recoveries for the three months ended September 30, 2025 of $88,000, or 0.03% of average loans on an annualized basis. Net charge-offs for the nine months ended September 30, 2026 were $109,000, or 0.01% of average loans on an annualized basis, compared to net recoveries for the nine months ended September 30, 2025 of $72,000, or 0.01% of average loans on an annualized basis.

Other

Accrued interest and other assets increased $16.8 million or 56.4%, to $46.6 million at September 30, 2026, compared to $29.8 million at December 31, 2025 due to the purchase of a $7.7 million renewable energy tax credit, a $4.0 million increase in required FHLB stock as a result of increased borrowing activity, a $3.3 million investment in a low-income housing tax credit project and a $3.2 million increase in deferred income taxes.

Liabilities

Total liabilities increased $81.8 million, or 5.9%, to $1.47 billion at September 30, 2026 compared to $1.39 billion at December 31, 2025.

Deposits

Organic deposits increased $89.6 million, or 7.2%, to $1.33 billion as of September 30, 2026 compared to $1.24 billion at December 31, 2025. Interest-bearing demand and money market deposits increased $73.7 million and $27.7 million, respectively, while time and savings deposits decreased $10.4 million and $2.1 million, respectively. This growth has occurred as the Bank began onboarding Specialty Treasury clients during the first quarter of 2026. The Bank continues to focus on building core banking relationships while seeking opportunities to strategically reduce higher priced funding.
Brokered deposits decreased $88.5 million, or 89.8%, to $10.0 million as of September 30, 2026 compared to $98.5 million at December 31, 2025, as the Bank elected to utilize lower cost FHLB borrowings instead.
At September 30, 2026, FDIC insured deposits totaled approximately 54.7% of total deposits while an additional 19.5% of total deposits were collateralized with investment securities.

Borrowed Funds

Short-term borrowings increased $79.0 million to $79.0 million as of September 30, 2026 as the Bank replaced maturing brokered deposits with lower cost FHLB borrowings.

Stockholders’ Equity

Stockholders’ equity decreased $1.6 million, or 1.0%, to $156.0 million at September 30, 2026, compared to $157.5 million at December 31, 2025, primarily due to a $11.9 million increase in accumulated other comprehensive loss resulting from recent market interest rate increases, the payment of $4.3 million in dividends and $315,000 of treasury shares purchased since December 31, 2025, partially offset by $13.5 million of net income for the current year and $667,000 of shares issued as a result of stock option exercises.

Book value per share

Book value per common share was $30.67 at September 30, 2026 compared to $31.28 at December 31, 2025, a decrease of $0.61.

Tangible book value per common share (Non-GAAP) was $28.76 at September 30, 2026, compared to $29.35 at December 31, 2025, a decrease of $0.59.

Refer to “Explanation of Use of Non-GAAP Financial Measures” at the end of this Press Release.

About CB Financial Services, Inc.

CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services.

For more information about CB Financial Services, Inc. and Community Bank, visit our website at www.cb.bank.

Statement About Forward-Looking Statements

Statements contained in this press release that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, general and local economic conditions, changes in market interest rates, deposit flows, demand for loans, real estate values and competition, competitive products and pricing, the ability of our customers to make scheduled loan payments, loan delinquency rates and trends, our ability to manage the risks involved in our business, our ability to control costs and expenses, inflation, market and monetary fluctuations, changes in federal and state legislation and regulation applicable to our business, actions by our competitors, and other factors that may be disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.

CB FINANCIAL SERVICES, INC. SELECTED CONSOLIDATED FINANCIAL INFORMATION

Selected Financial Condition Data	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25
(Dollars in thousands, except share and per share data) (Unaudited)

Assets
Cash and Due From Banks	$	30,830		$	76,090		$	55,549		$	31,693		$	55,890
Securities		343,988			325,554			295,452			279,895			272,559
Loans Held for Sale		—			—			—			—			107
Loans
Real Estate:
Residential		323,465			327,003			330,761			329,237			333,430
Commercial		598,955			571,760			550,029			552,180			539,395
Construction		52,299			58,930			51,394			45,419			38,905
Commercial and Industrial		135,544			160,399			157,694			161,081			143,919
Consumer		27,498			31,108			36,720			42,876			49,581
Other		24,121			30,521			31,239			31,467			38,156
Total Loans		1,161,882			1,179,721			1,157,837			1,162,260			1,143,386
Allowance for Credit Losses		(9,993	)		(10,451	)		(10,303	)		(10,116	)		(10,146	)
Loans, Net		1,151,889			1,169,270			1,147,534			1,152,144			1,133,240
Premises and Equipment, Net		19,676			19,069			19,428			19,646			19,896
Bank-Owned Life Insurance		25,290			25,127			24,964			24,812			24,660
Goodwill		9,732			9,732			9,732			9,732			9,732
Accrued Interest Receivable and Other Assets		46,558			31,578			30,633			29,771			29,430
Total Assets	$	1,627,963		$	1,656,420		$	1,583,292		$	1,547,693		$	1,545,514


Liabilities
Deposits
Noninterest-Bearing Demand Accounts	$	292,444		$	286,623		$	301,053		$	291,745		$	291,882
Interest-Bearing Demand Accounts		430,842			460,197			384,599			357,134			365,976
Money Market Accounts		236,843			220,812			209,258			209,166			206,166
Savings Accounts		167,235			168,948			172,172			169,307			169,005
Time Deposits		203,540			209,847			209,855			213,953			202,891
Total Organic Deposits		1,330,904			1,346,427			1,276,937			1,241,305			1,235,920
Brokered Deposits		10,000			33,633			98,500			98,500			98,500
Total Deposits		1,340,904			1,380,060			1,375,437			1,339,805			1,334,420

Short-Term Borrowings		79,000			65,000			—			—			—
Other Borrowings		34,789			34,778			34,768			34,758			34,748
Accrued Interest Payable and Other Liabilities		17,297			14,485			14,336			15,593			23,881
Total Liabilities		1,471,990			1,494,323			1,424,541			1,390,156			1,393,049

Stockholders’ Equity		155,973			162,097			158,751			157,537			152,465
Total Liabilities and Stockholders’ Equity	$	1,627,963		$	1,656,420		$	1,583,292		$	1,547,693		$	1,545,514

	Three Months Ended													Nine Months Ended
Selected Operating Data	9/30/26			6/30/26			3/31/26		12/31/25		9/30/25			9/30/26			9/30/25
(Dollars in thousands, except share and per share data) (Unaudited)

Interest and Dividend Income:
Loans, Including Fees	$	16,552		$	16,177		$	15,957	$	16,077	$	15,973		$	48,686		$	45,993
Securities:
Taxable		3,667			3,351			2,999		3,035		2,848			10,018			8,485
Tax-Exempt		465			452			416		415		146			1,333			146
Dividends		7			7			7		7		7			21			44
Other Interest and Dividend Income		902			919			272		458		367			2,094			1,279
Total Interest and Dividend Income		21,593			20,906			19,651		19,992		19,341			62,152			55,947
Interest Expense:
Deposits		5,892			5,940			5,232		5,802		5,810			17,064			17,643
Short-Term Borrowings		339			70			188		—		68			598			199
Other Borrowings		364			362			359		364		364			1,085			1,156
Total Interest Expense		6,595			6,372			5,779		6,166		6,242			18,747			18,998
Net Interest and Dividend Income		14,998			14,534			13,872		13,826		13,099			43,405			36,949
(Recovery) Provision for Credit Losses – Loans		(399	)		157			228		265		336			(14	)		269
Provision (Recovery) for Credit Losses – Unfunded Commitments		330			(140	)		13		97		(77	)		204			(42	)
Net Interest and Dividend Income After Net (Recovery) Provision for Credit Losses		15,067			14,517			13,631		13,464		12,840			43,215			36,722
Noninterest Income:
Service Fees		589			582			554		585		574			1,725			1,595
Insurance Commissions		1			1			1		1		1			3			3
Other Commissions		80			74			75		60		63			229			192
Net Gain on Sale of Loans		27			45			11		6		50			83			99
Net (Loss) Gain on Securities		(35	)		(18	)		8		14		(11,752	)		(45	)		(11,821	)
Net Gain on Purchased Tax Credits		10			10			10		4		4			31			11
Net Gain on Disposal of Premises and Equipment		—			—			—		40		—			—			—
Income from Bank-Owned Life Insurance		163			163			152		152		154			478			451
Other Income		186			115			151		867		229			453			512
Total Noninterest Income (Loss)		1,021			972			962		1,729		(10,677	)		2,957			(8,958	)
Noninterest Expense:
Salaries and Employee Benefits		5,851			6,120			5,997		5,842		5,247			17,967			16,371
Occupancy		617			615			656		573		574			1,888			1,939
Equipment		369			364			349		382		367			1,082			1,070
Data Processing		1,053			1,140			942		790		708			3,135			2,266
Federal Deposit Insurance Corporation Assessment		188			176			173		171		173			537			552
Pennsylvania Shares Tax		330			267			286		242		306			884			706
Contracted Services		498			436			405		481		371			1,339			1,063
Legal and Professional Fees		260			198			221		234		411			679			789
Advertising		169			115			142		192		132			427			374
Other Real Estate Owned		—			—			—		55		8			—			9
Other Expense		929			959			841		961		886			2,728			2,592
Total Noninterest Expense		10,264			10,390			10,012		9,923		9,183			30,666			27,731
Income (Loss) Before Income Tax Expense		5,824			5,099			4,581		5,270		(7,020	)		15,506			33
Income Tax Expense (Benefit)		497			798			714		528		(1,324	)		2,009			(131	)
Net Income (Loss)	$	5,327		$	4,301		$	3,867	$	4,742	$	(5,696	)	$	13,497		$	164

	Three Months Ended											Nine Months Ended
Per Common Share Data	9/30/26		6/30/26		3/31/26		12/31/25		9/30/25			9/30/26		9/30/25
Dividends Per Common Share	$	0.28	$	0.28	$	0.28	$	0.26	$	0.26		$	0.84	$	0.76
Earnings (Loss) Per Common Share – Basic		1.05		0.85		0.77		0.95		(1.14	)		2.66		0.03
Earnings (Loss) Per Common Share – Diluted		0.99		0.80		0.73		0.89		(1.07	)		2.53		0.03

Weighted Average Common Shares Outstanding – Basic		5,082,908		5,073,474		5,053,586		5,015,025		4,985,188			5,070,097		5,044,012
Weighted Average Common Shares Outstanding – Diluted		5,358,067		5,353,959		5,318,874		5,304,685		5,319,594			5,345,256		5,357,173

	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25
Common Shares Outstanding		5,084,720			5,080,438			5,072,183			5,036,509			4,998,383
Book Value Per Common Share	$	30.67		$	31.91		$	31.30		$	31.28		$	30.50
Tangible Book Value per Common Share ⁽¹⁾		28.76			29.99			29.38			29.35			28.56
Stockholders’ Equity to Assets		9.6	%		9.8	%		10.0	%		10.2	%		9.9	%
Tangible Common Equity to Tangible Assets ⁽¹⁾		9.0			9.3			9.5			9.6			9.3

	Three Months Ended										Nine Months Ended
Selected Financial Ratios ⁽²⁾	9/30/26		6/30/26		3/31/26		12/31/25		9/30/25		9/30/26		9/30/25
Return on Average Assets	1.26	%	1.04	%	1.01	%	1.22	%	(1.50	)%	1.11	%	0.01	%
Return on Average Equity	13.08		10.77		9.84		12.14		(15.15	)	11.25		0.15
Average Interest-Earning Assets to Average Interest-Bearing Liabilities	132.10		133.48		133.68		134.05		134.42		132.85		134.82
Average Equity to Average Assets	9.67		9.64		10.24		10.02		9.93		9.84		9.96
Net Interest Rate Spread	3.22		3.14		3.29		3.18		3.05		3.22		2.86
Net Interest Rate Spread (FTE) ⁽¹⁾	3.26		3.18		3.34		3.23		3.08		3.27		2.88
Net Interest Margin	3.75		3.68		3.83		3.76		3.64		3.76		3.49
Net Interest Margin (FTE) ⁽¹⁾	3.79		3.73		3.88		3.80		3.67		3.80		3.51
Net Charge-Offs (Recoveries) to Average Loans	0.02		—		0.01		0.10		(0.03	)	0.01		(0.01	)
Efficiency Ratio	64.07		67.01		67.49		63.79		379.15		66.14		99.07

Asset Quality Ratios	9/30/26		6/30/26		3/31/26		12/31/25		9/30/25
Allowance for Credit Losses to Total Loans	0.86	%	0.89	%	0.89	%	0.87	%	0.89	%
Allowance for Credit Losses to Nonperforming Loans ⁽³⁾	311.79		308.47		309.49		190.51		464.99
Delinquent and Nonaccrual Loans to Total Loans⁽⁴⁾	0.59		0.69		0.54		0.86		0.59
Nonperforming Loans to Total Loans ⁽³⁾	0.28		0.29		0.29		0.46		0.19
Nonperforming Assets to Total Assets ⁽⁵⁾	0.20		0.20		0.21		0.34		0.15

Capital Ratios ⁽⁶⁾	9/30/26		6/30/26		3/31/26		12/31/25		9/30/25
Common Equity Tier 1 Capital (to Risk Weighted Assets)	14.10	%	14.22	%	14.70	%	13.92	%	14.19	%
Tier 1 Capital (to Risk Weighted Assets)	14.10		14.22		14.70		13.92		14.19
Total Capital (to Risk Weighted Assets)	15.00		15.18		15.71		14.89		15.20
Tier 1 Leverage (to Adjusted Total Assets)	10.20		9.94		10.34		10.15		10.06

(1).	Refer to Explanation of Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(2).	Interim period ratios are calculated on an annualized basis.
(3).	Nonperforming loans consist of all nonaccrual loans and accruing loans that are 90 days or more past due.
(4).	Delinquent loans consist of accruing loans that are 30 days or more past due.
(5).	Nonperforming assets consist of nonperforming loans and other real estate owned.
(6).	Capital ratios are for Community Bank only.
Certain items previously reported may have been reclassified to conform with the current reporting period’s format.

AVERAGE BALANCES AND YIELDS
	Three Months Ended
	September 30, 2026						June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025
	Average Balance		Interest and Dividends		Yield / Cost⁽¹⁾		Average Balance		Interest and Dividends		Yield / Cost⁽¹⁾		Average Balance		Interest and Dividends		Yield / Cost⁽¹⁾		Average Balance		Interest and Dividends		Yield / Cost⁽¹⁾		Average Balance		Interest and Dividends		Yield / Cost⁽¹⁾
(Dollars in thousands) (Unaudited)
Assets:
Interest-Earning Assets:
Loans, Net ⁽²⁾	$	1,157,873	$	16,597	5.69	%	$	1,153,305	$	16,235	5.65	%	$	1,151,941	$	16,023	5.64	%	$	1,138,734	$	16,145	5.62	%	$	1,120,036	$	16,034	5.68	%
Debt Securities
Taxable		304,562		3,667	4.82			287,012		3,351	4.67			249,917		2,999	4.80			241,449		3,035	5.03			259,196		2,848	4.40
Tax-Exempt		39,651		589	5.94			38,526		572	5.94			35,218		527	5.99			35,243		525	5.96			12,461		185	5.94
Equity Securities		1,000		7	2.80			1,000		7	2.80			1,000		7	2.80			1,000		7	2.80			1,000		7	2.80
Interest-Earning Deposits at Banks		79,880		798	4.00			99,855		845	3.38			27,236		200	2.94			41,222		384	3.73			29,682		293	3.95
Other Interest-Earning Assets		4,602		104	8.97			3,278		74	9.05			3,874		72	7.54			2,998		74	9.79			3,972		74	7.39
Total Interest-Earning Assets		1,587,568		21,762	5.44			1,582,976		21,084	5.34			1,469,186		19,828	5.47			1,460,646		20,170	5.48			1,426,347		19,441	5.41
Noninterest-Earning Assets		83,677						78,718						87,352						85,605						75,480
Total Assets	$	1,671,245					$	1,661,694					$	1,556,538					$	1,546,251					$	1,501,827
Liabilities and Stockholders’ Equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Accounts	$	513,745	$	2,885	2.23	%	$	458,395	$	2,328	2.04	%	$	365,729	$	1,642	1.82	%	$	367,382	$	1,850	2.00	%	$	350,232	$	1,835	2.08	%
Money Market Accounts		229,488		1,281	2.21			221,065		1,200	2.18			209,181		1,104	2.14			212,212		1,232	2.30			211,660		1,401	2.63
Savings Accounts		168,653		53	0.12			170,276		51	0.12			169,568		40	0.10			168,853		45	0.11			171,188		43	0.10
Time Deposits		208,197		1,538	2.93			210,258		1,566	2.99			213,645		1,604	3.04			207,895		1,653	3.15			201,651		1,587	3.12
Total Organic Interest-Bearing Deposits		1,120,083		5,757	2.04			1,059,994		5,145	1.95			958,123		4,390	1.86			956,342		4,780	1.98			934,731		4,866	2.07
Brokered Deposits		14,130		135	3.79			84,053		795	3.79			87,136		842	3.92			98,500		1,022	4.12			85,995		944	4.36
Total Interest-Bearing Deposits		1,134,213		5,892	2.06			1,144,047		5,940	2.08			1,045,259		5,232	2.03			1,054,842		5,802	2.18			1,020,726		5,810	2.26
Short-Term Borrowings		32,808		339	4.10			7,089		70	3.96			18,990		188	4.01			16		—	4.71			5,655		68	4.77
Other Borrowings		34,783		364	4.15			34,774		362	4.18			34,764		359	4.19			34,754		364	4.16			34,743		364	4.16
Total Interest-Bearing Liabilities		1,201,804		6,595	2.18			1,185,910		6,372	2.16			1,099,013		5,779	2.13			1,089,612		6,166	2.25			1,061,124		6,242	2.33
Noninterest-Bearing Demand Deposits		294,833						301,859						283,546						285,269						271,462
Total Funding and Cost of Funds		1,496,637			1.75			1,487,769			1.72			1,382,559			1.70			1,374,881			1.78			1,332,586			1.86
Other Liabilities		13,050						13,686						14,564						16,367						20,120
Total Liabilities		1,509,687						1,501,455						1,397,123						1,391,248						1,352,706
Stockholders’ Equity		161,558						160,239						159,415						155,003						149,121
Total Liabilities and Stockholders’ Equity	$	1,671,245					$	1,661,694					$	1,556,538					$	1,546,251					$	1,501,827
Net Interest Income (FTE) (Non-GAAP) ⁽³⁾			$	15,167					$	14,712					$	14,049					$	14,004					$	13,199
Net Interest-Earning Assets ⁽⁴⁾		385,764						397,066						370,173						371,034						365,223
Net Interest Rate Spread (FTE) (Non-GAAP) ^{(3) (5)}					3.26	%					3.18	%					3.34	%					3.23	%					3.08	%
Net Interest Margin (FTE) (Non-GAAP)⁽³⁾⁽⁶⁾					3.79						3.73						3.88						3.80						3.67

(1)	Annualized based on three months ended results.
(2)	Net of the allowance for credit losses and includes nonaccrual loans with a zero yield and Loans Held for Sale if applicable.
(3)	Refer to Explanation and Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(4)	Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(5)	Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
(6)	Net interest margin represents annualized net interest income divided by average total interest-earning assets.

AVERAGE BALANCES AND YIELDS

	Nine Months Ended
	September 30, 2026						September 30, 2025
	Average Balance		Interest and Dividends		Yield /Cost		Average Balance		Interest and Dividends		Yield / Cost
(Dollars in thousands) (Unaudited)
Assets:
Interest-Earning Assets:
Loans, Net ⁽¹⁾	$	1,154,395	$	48,857	5.66	%	$	1,098,105	$	46,167	5.62	%
Debt Securities
Taxable		280,697		10,018	4.76			273,949		8,485	4.13
Exempt From Federal Tax		37,815		1,687	5.95			4,199		185	5.87
Marketable Equity Securities		1,000		21	2.80			1,552		44	3.78
Interest-Earning Deposits at Banks		66,734		1,844	3.68			36,044		1,083	4.01
Other Interest-Earning Assets		3,920		250	8.53			3,648		196	7.18
Total Interest-Earning Assets		1,544,561		62,677	5.43			1,417,497		56,160	5.30
Noninterest-Earning Assets		85,685						69,034
Total Assets	$	1,630,246					$	1,486,531

Liabilities and Stockholders’ Equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Accounts	$	446,498	$	6,855	2.05	%	$	334,380	$	5,039	2.01	%
Savings Accounts		169,496		144	0.11			172,517		126	0.10
Money Market Accounts		219,985		3,585	2.18			226,760		4,874	2.87
Time Deposits		210,679		4,708	2.99			219,552		5,713	3.48
Total Organic Interest-Bearing Deposits		1,046,658		15,292	1.95			953,209		15,752	2.21
Brokered Deposits		61,505		1,772	3.85			57,872		1,891	4.37
Total Interest-Bearing Deposits		1,108,163		17,064	2.06			1,011,081		17,643	2.33
Short-Term Borrowings		19,680		598	4.06			5,607		199	4.75
Other Borrowings		34,774		1,085	4.17			34,733		1,156	4.45
Total Interest-Bearing Liabilities		1,162,617		18,747	2.16			1,051,421		18,998	2.42
Noninterest-Bearing Demand Deposits		293,454						269,259
Total Funding and Cost of Funds		1,456,071			1.72			1,320,680			1.92
Other Liabilities		13,739						17,812
Total Liabilities		1,469,810						1,338,492
Stockholders’ Equity		160,436						148,039
Total Liabilities and Stockholders’ Equity	$	1,630,246					$	1,486,531
Net Interest Income (FTE) (Non-GAAP) ⁽²⁾				43,930						37,162
Net Interest-Earning Assets ⁽³⁾		381,944						366,076
Net Interest Rate Spread (FTE) (Non-GAAP) ⁽²⁾⁽⁴⁾					3.27	%					2.88	%
Net Interest Margin (FTE) (Non-GAAP)⁽²⁾⁽⁵⁾					3.80						3.51

(1)	Annualized based on nine months ended results.
(2)	Net of the allowance for credit losses and includes nonaccrual loans with a zero yield and Loans Held for Sale if applicable.
(3)	Refer to Explanation and Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(4)	Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(5)	Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
(6)	Net interest margin represents annualized net interest income divided by average total interest-earning assets.

Explanation of Use of Non-GAAP Financial Measures

In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), we use, and this Press Release contains or references, certain Non-GAAP financial measures. We believe these Non-GAAP financial measures provide useful information in understanding our underlying results of operations or financial position and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Non-GAAP adjusted items impacting the Company’s financial performance are identified to assist investors in providing a complete understanding of factors and trends affecting the Company’s business and in analyzing the Company’s operating results on the same basis as that applied by management. Although we believe that these Non-GAAP financial measures enhance the understanding of our business and performance, they should not be considered an alternative to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with similar Non-GAAP measures which may be presented by other companies. Where Non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found herein.

The Company revised its presentation of certain Non-GAAP financial measures to no longer exclude gains and losses resulting from changes in the fair value of equity securities as non-core items. Accordingly, prior-period Non-GAAP financial measures presented herein have been recast to conform to the current presentation and to enhance comparability between periods. This change affects only the presentation of the Company’s Non-GAAP financial measures and does not affect its reported GAAP results.

	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25
(Dollars in thousands, except share and per share data) (Unaudited)

Total Assets (GAAP)	$	1,627,963		$	1,656,420		$	1,583,292		$	1,547,693		$	1,545,514
Goodwill and Intangible Assets, Net		(9,732	)		(9,732	)		(9,732	)		(9,732	)		(9,732	)
Tangible Assets (Non-GAAP) (Numerator)	$	1,618,231		$	1,646,688		$	1,573,560		$	1,537,961		$	1,535,782
Stockholders’ Equity (GAAP)	$	155,973		$	162,097		$	158,751		$	157,537		$	152,465
Goodwill and Intangible Assets, Net		(9,732	)		(9,732	)		(9,732	)		(9,732	)		(9,732	)
Tangible Common Equity or Tangible Book Value (Non-GAAP) (Denominator)	$	146,241		$	152,365		$	149,019		$	147,805		$	142,733
Stockholders’ Equity to Assets (GAAP)		9.6	%		9.8	%		10.0	%		10.2	%		9.9	%
Tangible Common Equity to Tangible Assets (Non-GAAP)		9.0	%		9.3	%		9.5	%		9.6	%		9.3	%
Common Shares Outstanding (Denominator)		5,084,720			5,080,438			5,072,183			5,036,509			4,998,383
Book Value per Common Share (GAAP)	$	30.67		$	31.91		$	31.30		$	31.28		$	30.50
Tangible Book Value per Common Share (Non-GAAP)	$	28.76		$	29.99		$	29.38		$	29.35		$	28.56

	Three Months Ended															Nine Months Ended
	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands) (Unaudited)

Net Income (Loss) (GAAP)	$	5,327		$	4,301		$	3,867		$	4,742		$	(5,696	)	$	13,497		$	164
Annualization Factor		3.97			4.01			4.06			3.97			3.97			1.34			1.34
Average Stockholders’ Equity (GAAP)	$	161,558		$	160,239		$	159,415		$	155,003		$	149,121		$	160,436		$	148,039
Average Goodwill and Intangible Assets, Net		(9,732	)		(9,732	)		(9,732	)		(9,732	)		(9,732	)		(9,732	)		(9,732	)
Average Tangible Common Equity (Non-GAAP) (Denominator)	$	151,826		$	150,507		$	149,683		$	145,271		$	139,389		$	150,704		$	138,307
Return on Average Equity (GAAP)		13.08	%		10.77	%		9.84	%		12.14	%		(15.15	)%		11.25	%		0.15	%
Return on Average Tangible Common Equity (Non-GAAP)		13.92	%		11.46	%		10.48	%		12.95	%		(16.21	)%		11.97	%		0.16	%
	Three Months Ended															Nine Months Ended
	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands) (Unaudited)

Interest Income (GAAP)	$	21,593		$	20,906		$	19,651		$	19,992		$	19,341		$	62,152		$	55,947
Adjustment to FTE Basis		169			178			177			178			100			525			213
Interest Income (FTE) (Non-GAAP)		21,762			21,084			19,828			20,170			19,441			62,677			56,160
Interest Expense (GAAP)		6,595			6,372			5,779			6,166			6,242			18,747			18,998
Net Interest Income (FTE) (Non-GAAP)	$	15,167		$	14,712		$	14,049		$	14,004		$	13,199		$	43,930		$	37,162

Net Interest Rate Spread (GAAP)		3.22	%		3.14	%		3.29	%		3.18	%		3.05	%		3.22	%		2.86	%
Adjustment to FTE Basis		0.04			0.04			0.05			0.05			0.03			0.05			0.02
Net Interest Rate Spread (FTE) (Non-GAAP)		3.26	%		3.18	%		3.34	%		3.23	%		3.08	%		3.27	%		2.88	%

Net Interest Margin (GAAP)		3.75	%		3.68	%		3.83	%		3.76	%		3.64	%		3.76	%		3.49	%
Adjustment to FTE Basis		0.04			0.05			0.05			0.04			0.03			0.04			0.02
Net Interest Margin (FTE) (Non-GAAP)		3.79	%		3.73	%		3.88	%		3.80	%		3.67	%		3.80	%		3.51	%
	Three Months Ended															Nine Months Ended
	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands) (Unaudited)

Income (Loss) Before Income Tax Expense (GAAP)	$	5,824		$	5,099		$	4,581		$	5,270		$	(7,020	)	$	15,506		$	33
Net (Recovery) Provision for Credit Losses		(69	)		17			241			362			259			190			227
PPNR (Non-GAAP)		5,755			5,116			4,822			5,632			(6,761	)		15,696			260
Adjustments
Net Loss on Securities		—			—			—			—			11,757			—			11,770
Net Gain on Disposal of Premises and Equipment		—			—			—			(40	)		—			—			—
Earn-out Payment Related to the Sale of EU		—			—			(8	)		(711	)		—			(8	)		(49	)
Reduction in Force Expenses		—			—			—			—			—			—			1,003
Adjusted PPNR (Non-GAAP) (Numerator)	$	5,755		$	5,116		$	4,814		$	4,881		$	4,996		$	15,688		$	12,984
Annualization Factor		3.97			4.01			4.06			3.97			3.97			1.34			1.34
Average Assets (Denominator)	$	1,671,245		$	1,661,694		$	1,556,538		$	1,546,251		$	1,501,827		$	1,630,246		$	1,486,531
Adjusted PPNR Return on Average Assets (Non-GAAP)		1.37	%		1.23	%		1.26	%		1.25	%		1.32	%		1.29	%		1.17	%
	Three Months Ended															Nine Months Ended
	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands, except share and per share data) (Unaudited)

Net Income (Loss) (GAAP)	$	5,327		$	4,301		$	3,867		$	4,742		$	(5,696	)	$	13,497		$	164

Adjustments
Net Loss on Securities		—			—			—			—			11,757			—			11,770
Net Gain on Disposal of Premises and Equipment		—			—			—			(40	)		—			—			—
Earn-out Payment Related to the Sale of EU		—			—			(8	)		(711	)		—			(8	)		(49	)
Reduction in Force Expenses		—			—			—			—			—			—			1,003
Income Taxes		(462	)		—			2			(181	)		(2,130	)		(460	)		(2,333	)
Adjusted Net Income (Non-GAAP)	$	4,865		$	4,301		$	3,861		$	3,810		$	3,931		$	13,029		$	10,555
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding		5,358,067			5,353,959			5,318,874			5,304,685			5,319,594			5,345,256			5,357,173
Earnings (Loss) per Common Share – Diluted (GAAP)	$	0.99		$	0.80		$	0.73		$	0.89		$	(1.07	)	$	2.53		$	0.03
Adjusted Earnings per Common Share – Diluted (Non-GAAP)	$	0.91		$	0.80		$	0.73		$	0.72		$	0.74		$	2.44		$	1.97
Net Income (Loss) (GAAP) (Numerator)	$	5,327		$	4,301		$	3,867		$	4,742		$	(5,696	)	$	13,497		$	164
Annualization Factor		3.97			4.01			4.06			3.97			3.97			1.34			1.34
Average Assets (Denominator)		1,671,245			1,661,694			1,556,538			1,546,251			1,501,827			1,630,246			1,486,531
Return on Average Assets (GAAP)		1.26	%		1.04	%		1.01	%		1.22	%		(1.50	)%		1.11	%		0.01	%
Adjusted Net Income (Non-GAAP) (Numerator)	$	4,865		$	4,301		$	3,861		$	3,810		$	3,931		$	13,029		$	10,555
Annualization Factor		3.97			4.01			4.06			3.97			3.97			1.34			1.34
Average Assets (Denominator)		1,671,245			1,661,694			1,556,538			1,546,251			1,501,827			1,630,246			1,486,531
Adjusted Return on Average Assets (Non-GAAP)		1.15	%		1.04	%		1.01	%		0.98	%		1.04	%		1.07	%		0.95	%
	Three Months Ended															Nine Months Ended
	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands) (Unaudited)

Net Income (Loss) (GAAP) (Numerator)	$	5,327		$	4,301		$	3,867		$	4,742		$	(5,696	)	$	13,497		$	164
Annualization Factor		3.97			4.01			4.06			3.97			3.97			1.34			1.34
Average Equity (GAAP) (Denominator)		161,558			160,239			159,415			155,003			149,121			160,436			148,039
Return on Average Equity (GAAP)		13.08	%		10.77	%		9.84	%		12.14	%		(15.15	)%		11.25	%		0.15	%
Adjusted Net Income (Non-GAAP) (Numerator)	$	4,865		$	4,301		$	3,861		$	3,810		$	3,931		$	13,029		$	10,555
Annualization Factor		3.97			4.01			4.06			3.97			3.97			1.34			1.34
Average Equity (GAAP) (Denominator)		161,558			160,239			159,415			155,003			149,121			160,436			148,039
Adjusted Return on Average Equity (Non-GAAP)		11.95	%		10.77	%		9.82	%		9.75	%		10.46	%		10.86	%		9.53	%

	Three Months Ended															Nine Months Ended
	9/30/26			6/30/26			3/31/26			12/31/25			9/30/25			9/30/26			9/30/25
(Dollars in thousands) (Unaudited)

Noninterest Expense (GAAP) (Numerator)	$	10,264		$	10,390		$	10,012		$	9,923		$	9,183		$	30,666		$	27,731

Net Interest and Dividend Income (GAAP)	$	14,998		$	14,534		$	13,872		$	13,826		$	13,099		$	43,405		$	36,949

Noninterest Income (Loss) (GAAP)		1,021			972			962			1,729			(10,677	)		2,957			(8,958	)
Operating Revenue (GAAP) (Denominator)	$	16,019		$	15,506		$	14,834		$	15,555		$	2,422		$	46,362		$	27,991
Efficiency Ratio (GAAP)		64.07	%		67.01	%		67.49	%		63.79	%		379.15	%		66.14	%		99.07	%

Noninterest Expense (GAAP)	$	10,264		$	10,390		$	10,012		$	9,923		$	9,183		$	30,666		$	27,731
Adjustments:
Reduction in Force Expenses		—			—			—			—			—			—			(1,003	)
Adjusted Noninterest Expense (Non-GAAP) (Numerator)	$	10,264		$	10,390		$	10,012		$	9,923		$	9,183		$	30,666		$	26,728

Net Interest and Dividend Income (GAAP)	$	14,998		$	14,534		$	13,872		$	13,826		$	13,099		$	43,405		$	36,949
Noninterest Income (Loss) (GAAP)		1,021			972			962			1,729			(10,677	)		2,957			(8,958	)
Adjustments:
Net Loss on Securities		—			—			—			—			11,757			—			11,770
Net Gain on Disposal of Premises and Equipment		—			—			—			(40	)		—			—			—
Earn-out Payment Related to the Sale of EU		—			—			(8	)		(711	)		—			(8	)		(49	)
Adjusted Noninterest Income (Non-GAAP)	$	1,021		$	972		$	954		$	978		$	1,080		$	2,949		$	2,763
Adjusted Operating Revenue (Non-GAAP) (Denominator)	$	16,019		$	15,506		$	14,826		$	14,804		$	14,179		$	46,354		$	39,712
Adjusted Efficiency Ratio (Non-GAAP)		64.07	%		67.01	%		67.53	%		67.03	%		64.76	%		66.16	%		67.30	%

View source version on businesswire.com: https://www.businesswire.com/news/home/20261026216186/en/

John H. Montgomery

President and Chief Executive Officer

Phone: (724) 223-8317

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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