Fourth Quarter 2025 Earnings Conference Call January 20, 2026 Safe Harbor Statement Statements in this presentation which are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include discussions of the strategic plans and objectives or anticipated future performance and ...

Financial Performance Highlights - Net income reached $21.2 million, translating to $0.59 of diluted earnings per share[11] - Annualized loan growth was 11%[11] - Book value per share grew 1%, while tangible book value per share increased 2%, to $32.33 and $21.18, respectively[11] - Net interest income increased over $2 million, and net interest margin expanded 3 basis points[11] - Excluding accretion income, net interest margin expanded 8 basis points[11] Loan Portfolio and Asset Quality - Total loan balances grew 11% annualized compared to March 31, 2025[15] - The allowance for credit losses grew to 1.13% of total loans[11, 25] - Annualized net charge-off rate declined to 43 basis points[11, 27] - Small-ticket lease balances comprised 2% of total loan balances at June 30, 2025[18, 22] North Star Leasing - North Star Leasing balances comprised only 2% of Peoples' total loan portfolio at June 30, 2025[18] - The North Star portfolio origination yield (before accounting adjustments) is around 20%[18] Net Interest Income and Margin - Net interest income grew over $2 million compared to the linked quarter, and net interest margin expanded 3 basis points[11, 37] - Accretion income declined $0.9 million[37] Deposits - Second quarter 2025 deposits declined $81 million, or 1%, compared to the linked quarter, excluding brokered CDs[51]