NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES, continued Significant Group Concentration of Credit Risk: Most of the Company’s activities are with customers within RWuasssheilnl , g tWo na ,s hS ui nl lgi tvoann, aAnudg Hu satma , b lReonc kC ionugnhtai ems , i nWTi seen, n We s ys et he e, ,a nHda nHoavr enre t at , nSdu rMr yo, nNt ga os hm, earnyd CS oa umnpt si eosn iCno uVni rt igei sn iian, Nt hoer tt yh pCeasr oo fl i lnean. dNi nogt et h4adt itshceu sCsoems tphaen tyy epne gs aogf ei ns vi ne .s tTmheenCt os me cpuar ni tyi eds ot he sa tntohtehCaovme ap na yn ys iignnvief isct as ni nt .c oNnoct ee n5t rdai tsicounsss et os any one industry or customer. Trust Assets: Assets of the trust department, other than cash on deposit at the subsidiary bank, are not included i2n02th5etsoetafilneadn$c3ia0l4s,4ta1t3e,m0e1n9t.s because they are not assets of the Company. Managed assets as of December 31, Securities: Management determines the appropriate classification of securities at the time of purchase. Securities an voat i lnaebclees- fsoarr-i sl ya l teoa mr eatthuor si tey d. eAbnt ys edc eucriist ii eo sn t thoa ts et hl le aC os emc up raint yy icnl at es ns idf ise tdo ahso al dv af oi lra ba nl e i- nf odre- fsianliet ewpoeur li do dboe f bt iams eed, bount va sa sr ei ot su sa fnadc t loi ar sb, i il ni t ci el us ,d il ni qgusi di gi nt yi f inc ea endt sm, or evgeuml aetnotrsyi nc ai np ti et ar le scto rnastiedse, rcaht ai onngse, s ai nn dt hoet hme ar t us irmi t yi l amr i fxa oc tf ot rhse. C Soemc up raint iye’ ss aS ve ca ui l raibt il ee s- f colra-sssailfei e adraes chaerlrdi e- tdo -amt af at ui rr ivt ya lauree. t hUonsree adlei zbet ds egcaui rni st i eosr tlhoasts et hs eaCr oe mr eppaonryt ehda si nb octohmt hper ei nh teennsti vaen di nacboiml i tey. taon dh oa lrde tcoa rmr iaetdu ar itt ay mr eogr at irzdel de scso os tf . cPhuarncgheass ei npmr eamr ki ue mt csoannddi t di oi sncso, ul inqtusi da ri tey r ne ec oe dg ns i oz er dg ei nn ei nr tael reecsot ni no cmo imc ec ouns di ni tgi ot hn es ii nn ct el ur edsetd mi neot ht hoedr oi nvceormt he e( etxepr emnss eo)f atnhde, ws ehceunr iat ipeps l. i c aRbelael,i zaer ed rgeapi onrst e( dl oas ss easr) e oc lna sssei cf iuc raittiioens aadvjauisl at mb l ee n- fto, rn-es ta ol ef taarxe, idneotetrhmerinceodmupsrienhgetnhseivsepeinccifoicmied.enGtaiifnicsaatinodnlmosestehsoodn. the sale of securities are recorded on the trade date and are The Company evaluates each held-to-maturity and available-for-sale security in a loss position for other-than- tseumc hp of arcatroyr si maps atihr emleenntg(t Oh ToTf It)i.mIen aens dt i mt haet i enxgt eont ht etro- twh ahni c- ht e tmh pe omr aarryk ei mt vpaaliur me he na st lboeses ne sb, me l oa wn a gc oe smt ,etnhtec of innsaindceirasl wc oinl l dbi tei orne qo uf itrheed i st sou seer l la nt hdet hs ee cCuormi t yp abneyf o’ sr ien taennt ti ctiop as teel ld arnedc owvheer tyh oe rf it th ies ammoor er t li izkeedl yc tohsat nb na soits .t h Iaft tthhee CC oo mm pp aa nn yy t l i i n h k t e e e l n O y d T i s t T t w I o w i s ll e r i l b t l e e o - r r d e i o f q w i u t n i i r s e i m s d r o t e r o c e o s l e g ik l n l e i t z l h y e e d t h s i a e n n c e u n a r o r it t n y t i h n b a g e t s f . t o h r I e e f C t r h e o e c m o C p v o a e m n ry y p , w a t n h il e y l b O d e o T e r T e s I q n w u o i r t r i e t i e n d - t d t e o o n s w d e n l t l o i t s h s e e s l e s l p e t a c h u r e a r t s it e e y d c b u i rreepcoregsneiznetdinigncortehdeirt cloosms,pwrehhiecnhsiisvereinccoogmnieze(dlosins)e. arnings, and an amount related to all other factors, which is Restricted Equity Securities: The Company owns investments in the stock of the Federal Reserve Bank (“FRB”) aq nu do ttehde mF ea dr ke er at lv Ha loume . eFLRoBa ns t oBcakn iks or ef dAet leamn taab (l e“ FaHt pL aBr”;) t. hNe roerf oe ar ed,ymma ar kr ke et tv ae lxui set es qf ou ra ltshceosset .s tTohcek sB aa nn dk , tahseay mh ae vmebneor op fa rt hbey Ft hHeLFBH, iLsBr, eaqnudi ri se dt hteor emf oa ri ne tcaai nr r ai end iantvceosst tmaenndt pi ne rtiho ed iccaapl liyt aelvsatloucakt eodf ftohre i mF HpLa Bi r. mTehnet . sTt ohcekCios mr epdaeneym’ s aabbl iel i tayt dtoivridedeneedms inthinecsohmareeosnotwheneedx-disivdidepenendddeantte.on the redemption practices of the FHLB. The Company records Loans Held for Sale: Loans originated and intended for sale in the secondary market are carried at cost. Due to the short time existing between processing and sale, no valuation account is established. 2025 Annual Report | 26 e r n i f t t o o y r e a o n r r e i a c t m o is v o
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