As described in the Company’s 2025 Form 10-K for the year ended December 31, 2025, the Company manages its interest rate risk through measurement techniques that include gap analysis and a simulation model. As part of the risk management process, asset/liability management policies are established and monitored by management. The following table summarizes simulated changes in net interest income versus unchanged rates over the next 12 months as of June 30, 2026 and December 31, 2025. % change in projected net interest income June 30, 2026 December 31, 2025 +300 basis points 3.5 % 10.7 % +200 basis points 2.8 % 7.6 % +100 basis points 1.2 % 3.7 % Flat rates — % — % -100 basis points 0.4 % (2.5) % -200 basis points (0.8) % (6.1) % -300 basis points (2.9) % (10.6) % The Company is generally asset sensitive as average interest-earning assets of $2.20 billion for the second quarter of 2026 greatly exceeded average interest-bearing liabilities of $652.9 million. The table above on the projected impact of interest rate shocks results from a static balance sheet at June 30, 2026. Primarily as a result of $80.0 million in short-term borrowings at June 30, 2026, the simulated changes in projected net interest income from a static balance sheet are not indicative of what would occur in the next 12 months as the Company is not forecasting a significant balance in average short-term borrowings for the remainder of 2026. The Company believes that the interest rate shock results shown for December 31, 2025 are more indicative of what would happen in the various interest rate scenarios.