00019643332026Q1falseDecember 31P3YP3Yxbrli:sharesiso4217:USDiso4217:USDxbrli:sharesbhrb:branchxbrli:purebhrb:securitybhrb:segment00019643332026-01-012026-03-3100019643332026-05-0500019643332026-03-3100019643332025-12-3100019643332025-01-012025-03-310001964333us-gaap:FiduciaryAndTrustMember2026-01-012026-03-310001964333us-gaap:FiduciaryAndTrustMember2025-01-012025-03-310001964333us-gaap:ServiceOtherMember2026-01-012026-03-310001964333us-gaap:ServiceOtherMember2025-01-012025-03-310001964333us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2025-12-310001964333us-gaap:CommonStockMember2025-12-310001964333us-gaap:AdditionalPaidInCapitalMember2025-12-310001964333us-gaap:RetainedEarningsMember2025-12-310001964333us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001964333us-gaap:TreasuryStockCommonMember2025-12-310001964333us-gaap:RetainedEarningsMember2026-01-012026-03-310001964333us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001964333us-gaap:CommonStockMember2026-01-012026-03-310001964333us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001964333us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2026-03-310001964333us-gaap:CommonStockMember2026-03-310001964333us-gaap:AdditionalPaidInCapitalMember2026-03-310001964333us-gaap:RetainedEarningsMember2026-03-310001964333us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310001964333us-gaap:TreasuryStockCommonMember2026-03-310001964333us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2024-12-310001964333us-gaap:CommonStockMember2024-12-310001964333us-gaap:AdditionalPaidInCapitalMember2024-12-310001964333us-gaap:RetainedEarningsMember2024-12-310001964333us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001964333us-gaap:TreasuryStockCommonMember2024-12-3100019643332024-12-310001964333us-gaap:RetainedEarningsMember2025-01-012025-03-310001964333us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001964333us-gaap:CommonStockMember2025-01-012025-03-310001964333us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001964333us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2025-03-310001964333us-gaap:CommonStockMember2025-03-310001964333us-gaap:AdditionalPaidInCapitalMember2025-03-310001964333us-gaap:RetainedEarningsMember2025-03-310001964333us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001964333us-gaap:TreasuryStockCommonMember2025-03-3100019643332025-03-310001964333bhrb:LINKBANCORPINCMemberus-gaap:SubsequentEventMember2026-04-300001964333bhrb:LINKBANCORPINCMemberus-gaap:SubsequentEventMember2026-05-010001964333bhrb:LINKBANCORPINCMemberus-gaap:SubsequentEventMember2026-05-012026-05-010001964333us-gaap:USTreasuryAndGovernmentMember2026-03-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMember2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMember2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMember2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMember2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMember2026-03-310001964333us-gaap:AssetBackedSecuritiesMember2026-03-310001964333us-gaap:OtherDebtSecuritiesMember2026-03-310001964333us-gaap:USTreasuryAndGovernmentMember2025-12-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMember2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMember2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMember2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMember2025-12-310001964333us-gaap:AssetBackedSecuritiesMember2025-12-310001964333us-gaap:OtherDebtSecuritiesMember2025-12-310001964333us-gaap:AssetPledgedAsCollateralMember2026-03-310001964333us-gaap:AssetPledgedAsCollateralMember2025-12-310001964333bhrb:StateAndMunicipalSecuritiesMember2026-03-310001964333bhrb:CommunityBankersBankMember2026-03-310001964333bhrb:CommunityBankersBankMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2026-01-012026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2026-01-012026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2026-01-012026-03-310001964333us-gaap:CommercialPortfolioSegmentMember2026-01-012026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMember2026-01-012026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2026-01-012026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2024-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2024-12-310001964333us-gaap:CommercialPortfolioSegmentMember2024-12-310001964333bhrb:OneToFourFamilyResidentialLoansMember2024-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2024-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2025-01-012025-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2025-01-012025-03-310001964333us-gaap:CommercialPortfolioSegmentMember2025-01-012025-03-310001964333bhrb:OneToFourFamilyResidentialLoansMember2025-01-012025-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2025-01-012025-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2025-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2025-03-310001964333us-gaap:CommercialPortfolioSegmentMember2025-03-310001964333bhrb:OneToFourFamilyResidentialLoansMember2025-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2025-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancialAssetPastDueMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancialAssetNotPastDueMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancialAssetPastDueMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancialAssetNotPastDueMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancialAssetPastDueMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancialAssetNotPastDueMember2026-03-310001964333us-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001964333us-gaap:FinancingReceivables60To89DaysPastDueMember2026-03-310001964333us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-03-310001964333us-gaap:FinancialAssetPastDueMember2026-03-310001964333us-gaap:FinancialAssetNotPastDueMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancialAssetPastDueMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancialAssetPastDueMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001964333us-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001964333us-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001964333us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001964333us-gaap:FinancialAssetPastDueMember2025-12-310001964333us-gaap:FinancialAssetNotPastDueMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:SpecialMentionMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:SubstandardMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:DoubtfulMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:PassMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:SpecialMentionMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:SubstandardMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:DoubtfulMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:PassMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:SpecialMentionMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:SubstandardMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:DoubtfulMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:PassMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:SpecialMentionMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:SubstandardMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:DoubtfulMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:SpecialMentionMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:SubstandardMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:DoubtfulMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMember2025-01-012025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:PassMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:SpecialMentionMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:SubstandardMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:DoubtfulMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMember2025-01-012025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMember2025-01-012025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:PassMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:SpecialMentionMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:SubstandardMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:DoubtfulMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMember2025-01-012025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:PassMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:SpecialMentionMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:SubstandardMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:DoubtfulMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMember2025-01-012025-12-310001964333us-gaap:CollateralPledgedMember2026-03-310001964333us-gaap:CollateralPledgedMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:CollateralPledgedMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:CollateralPledgedMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:CollateralPledgedMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:CollateralPledgedMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:CollateralPledgedMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:CollateralPledgedMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:CollateralPledgedMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:CollateralPledgedMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:CollateralPledgedMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:CollateralPledgedMember2025-12-3100019643332025-01-012025-12-310001964333srt:MinimumMember2025-12-310001964333bhrb:SubordinatedDebenturesIssuedInFourthQuarterOf2021Memberus-gaap:SubordinatedDebtMember2024-05-030001964333bhrb:SubordinatedDebenturesIssuedInFourthQuarterOf2021Memberus-gaap:SubordinatedDebtMember2026-03-310001964333bhrb:SubordinatedDebenturesIssuedInFourthQuarterOf2021Memberus-gaap:SubordinatedDebtMember2024-05-032024-05-030001964333bhrb:SFGCapitalTrustIIIMember2024-05-030001964333bhrb:SFGCapitalTrustIIMember2024-05-030001964333bhrb:SFGCapitalTrustIMember2024-05-030001964333bhrb:SFGCapitalTrustIMember2024-05-032024-05-030001964333bhrb:SFGCapitalTrustIMember2024-05-030001964333bhrb:SFGCapitalTrustIIMember2024-05-032024-05-030001964333bhrb:SFGCapitalTrustIIMember2024-05-030001964333bhrb:SFGCapitalTrustIIIMember2024-05-032024-05-030001964333bhrb:SFGCapitalTrustIIIMember2024-05-030001964333bhrb:SFGCapitalTrustIMemberbhrb:SubordinatedDebtOwedToUnconsolidatedSubsidiaryTrustsMember2024-05-032024-05-030001964333bhrb:SFGCapitalTrustIIMemberbhrb:SubordinatedDebtOwedToUnconsolidatedSubsidiaryTrustsMember2024-05-032024-05-030001964333bhrb:SFGCapitalTrustIIIMemberbhrb:SubordinatedDebtOwedToUnconsolidatedSubsidiaryTrustsMember2024-05-032024-05-030001964333us-gaap:SubordinatedDebtMember2026-03-310001964333bhrb:SubordinatedDebtOwedToUnconsolidatedSubsidiaryTrustsMember2026-03-310001964333srt:MinimumMember2026-03-310001964333srt:MaximumMember2026-03-310001964333srt:MinimumMember2026-01-012026-03-310001964333srt:MaximumMember2026-01-012026-03-310001964333srt:ParentCompanyMember2026-03-310001964333srt:SubsidiariesMember2026-03-310001964333srt:ParentCompanyMember2025-12-310001964333srt:SubsidiariesMember2025-12-310001964333us-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001964333us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001964333us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2026-03-310001964333us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2026-03-310001964333us-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001964333us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001964333us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2025-12-310001964333us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2025-12-310001964333us-gaap:InterestRateSwapMemberus-gaap:InterestIncomeMember2026-01-012026-03-310001964333us-gaap:InterestRateSwapMemberus-gaap:InterestExpenseMember2026-01-012026-03-310001964333us-gaap:InterestRateSwapMemberus-gaap:InterestIncomeMember2025-01-012025-03-310001964333us-gaap:InterestRateSwapMemberus-gaap:InterestExpenseMember2025-01-012025-03-310001964333us-gaap:InterestIncomeMember2026-01-012026-03-310001964333us-gaap:InterestExpenseMember2026-01-012026-03-310001964333us-gaap:InterestIncomeMember2025-01-012025-03-310001964333us-gaap:InterestExpenseMember2025-01-012025-03-310001964333us-gaap:UnusedLinesOfCreditMember2026-03-310001964333us-gaap:UnusedLinesOfCreditMember2025-12-310001964333us-gaap:LetterOfCreditMember2026-03-310001964333us-gaap:LetterOfCreditMember2025-12-310001964333us-gaap:UnfundedLoanCommitmentMember2026-01-012026-03-310001964333us-gaap:UnfundedLoanCommitmentMember2025-01-012025-03-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:FairValueMeasurementsRecurringMember2026-03-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:ResidentialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:CommercialMortgageBackedSecuritiesNonAgencyMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:FairValueMeasurementsRecurringMember2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMember2026-03-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:OwnerOccupiedCommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:AcquisitionConstructionAndDevelopmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:OneToFourFamilyResidentialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:ConsumerNonRealEstateAndOtherMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralMember2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForLiquidityMembersrt:MinimumMember2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForLiquidityMembersrt:MaximumMember2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForSellingCostsMembersrt:MinimumMember2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForSellingCostsMembersrt:MaximumMember2026-03-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralMember2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForLiquidityMembersrt:MinimumMember2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForLiquidityMembersrt:MaximumMember2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForSellingCostsMembersrt:MinimumMember2025-12-310001964333us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberbhrb:ValuationTechniqueAppraisalOfCollateralForSellingCostsMembersrt:MaximumMember2025-12-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMember2026-03-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2026-03-310001964333bhrb:NonInterestBearingMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2026-03-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2026-03-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2026-03-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2026-03-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2026-03-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2026-03-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2026-03-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SubordinatedDebtMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberus-gaap:SubordinatedDebtMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberus-gaap:SubordinatedDebtMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMember2026-03-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMemberbhrb:UnconsolidatedSubsidiaryTrustsMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberbhrb:UnconsolidatedSubsidiaryTrustsMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberbhrb:UnconsolidatedSubsidiaryTrustsMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberbhrb:UnconsolidatedSubsidiaryTrustsMember2026-03-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberbhrb:UnconsolidatedSubsidiaryTrustsMember2026-03-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2025-12-310001964333bhrb:NonInterestBearingMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333bhrb:NonInterestBearingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2025-12-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2025-12-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2025-12-310001964333us-gaap:InterestBearingDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SubordinatedDebtMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberus-gaap:SubordinatedDebtMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberus-gaap:SubordinatedDebtMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMember2025-12-310001964333us-gaap:CarryingReportedAmountFairValueDisclosureMemberbhrb:UnconsolidatedSubsidiaryTrustsMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberbhrb:UnconsolidatedSubsidiaryTrustsMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberbhrb:UnconsolidatedSubsidiaryTrustsMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberbhrb:UnconsolidatedSubsidiaryTrustsMember2025-12-310001964333us-gaap:EstimateOfFairValueFairValueDisclosureMemberbhrb:UnconsolidatedSubsidiaryTrustsMember2025-12-310001964333us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-12-310001964333us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-12-310001964333us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-12-310001964333us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-01-012026-03-310001964333us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-01-012026-03-310001964333us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-01-012026-03-310001964333us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-03-310001964333us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-03-310001964333us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-03-310001964333us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-12-310001964333us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310001964333us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-12-310001964333us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-01-012025-03-310001964333us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-03-310001964333us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-03-310001964333us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-03-310001964333us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-03-310001964333us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-01-012026-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-01-012025-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-01-012026-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-01-012026-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001964333us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001964333us-gaap:OtherExpenseMember2026-01-012026-03-310001964333us-gaap:OtherExpenseMember2025-01-012025-03-310001964333bhrb:A2019StockIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2019-12-310001964333bhrb:A2023StockIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2023-03-300001964333bhrb:A2023StockIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2026-03-310001964333us-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001964333us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-03-310001964333srt:MinimumMemberus-gaap:RestrictedStockUnitsRSUMember2023-03-302023-03-300001964333srt:MaximumMemberus-gaap:RestrictedStockUnitsRSUMember2023-03-302023-03-300001964333srt:MinimumMemberus-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001964333srt:MaximumMemberus-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001964333bhrb:PerformanceBasedRestrictedStockUnitsMember2026-01-012026-03-310001964333us-gaap:RestrictedStockUnitsRSUMember2025-12-310001964333us-gaap:RestrictedStockUnitsRSUMember2026-03-310001964333bhrb:A2019And2023StockIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2026-03-310001964333bhrb:A2019And2023StockIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001964333bhrb:A2023EmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2023-03-300001964333bhrb:A2023EmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2026-03-310001964333bhrb:A2023EmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2023-03-302023-03-300001964333bhrb:A2023EmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2026-01-012026-03-310001964333bhrb:SummitFinancialGroupIncMember2024-05-030001964333us-gaap:StockAppreciationRightsSARSMember2026-01-012026-03-310001964333us-gaap:StockAppreciationRightsSARSMember2026-03-310001964333bhrb:SAR2019PlanMemberus-gaap:StockAppreciationRightsSARSMember2024-05-032024-05-030001964333bhrb:SAR2021PlanMemberus-gaap:StockAppreciationRightsSARSMember2024-05-032024-05-030001964333bhrb:SAR2023PlanMemberus-gaap:StockAppreciationRightsSARSMember2024-05-032024-05-030001964333bhrb:SAR2019PlanMemberus-gaap:StockAppreciationRightsSARSMember2024-05-030001964333bhrb:SAR2021PlanMemberus-gaap:StockAppreciationRightsSARSMember2024-05-030001964333bhrb:SAR2023PlanMemberus-gaap:StockAppreciationRightsSARSMember2024-05-030001964333us-gaap:StockAppreciationRightsSARSMember2025-12-310001964333us-gaap:StockAppreciationRightsSARSMember2025-01-012025-12-310001964333bhrb:SummitFinancialGroupIncMember2024-01-012024-12-310001964333bhrb:BurkeHerbertWealthServicesLLCFormerlyPiedmontWealthManagementMember2026-01-012026-03-310001964333us-gaap:CoreDepositsMember2026-03-310001964333bhrb:SummitFinancialGroupIncMemberus-gaap:CoreDepositsMember2024-05-032024-05-030001964333us-gaap:CoreDepositsMember2025-12-310001964333us-gaap:CoreDepositsMember2024-12-310001964333us-gaap:CoreDepositsMember2026-01-012026-03-310001964333us-gaap:CoreDepositsMember2025-01-012025-03-310001964333us-gaap:CoreDepositsMember2025-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			For the quarterly period ended March 31, 2026


o			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			For the transition period from to

Commission file number 001-41633

Burke & Herbert Financial Services Corp.

(Exact name of registrant as specified in its charter)


Virginia		92-0289417
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

100 S. Fairfax Street, Alexandria, Virginia		22314
(Address of principal executive offices)		(Zip Code)

	703-666-3555
Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading symbol

Name of Exchange on which registered

Common Stock, par value $0.50 per share

BHRB

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 5, 2026, there were 20,149,806 shares of the registrant’s common stock outstanding.

Table of Contents

TABLE OF CONTENTS


			Page
Part I - Financial Information			1
Item 1. Financial Statements			1
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			41
Item 3. Quantitative and Qualitative Disclosures About Market Risk			68
Item 4. Controls and Procedures			70

Part II - Other Information			71
Item 1. Legal Proceedings			71
Item 1A. Risk Factors			71
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			71
Item 3. Defaults Upon Senior Securities			71
Item 4. Mine Safety Disclosures			71
Item 5. Other Information			71
Item 6. Exhibits			72
Signatures			73

Table of Contents

Part I - Financial Information

Item 1. Financial Statements

Burke & Herbert Financial Services Corp. Consolidated Financial Statements:


			Page
Consolidated Balance Sheets as of March 31 , 202 6 (Unaudited), and December 31, 202 5			2
Consolidated Statements of Income for the Three Months Ended March 31 , 202 6 , and March 31 , 202 5 (Unaudited)			3
Consolidated Statements of Comprehensive Income for the Three Months Ended March 31 , 202 6 , and March 31 , 202 5 (Unaudited)			4
Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31 , 202 6 , and March 31 , 202 5 (Unaudited)			5
Consolidated Statements of Cash Flows for the Three Months Ended March 31 , 202 6 , and March 31 , 202 5 (Unaudited)			6
Notes to the Consolidated Financial Statements (Unaudited)			8

Table of Contents

Burke & Herbert Financial Services Corp.

Consolidated Balance Sheets

(In thousands, except share and per share data)


	March 31, 2026 (Unaudited)		December 31, 2025 (Audited)
Assets
Cash and due from banks	$	53,940	$	53,497
Interest-earning deposits with banks	15,652		235,630
Cash and cash equivalents	69,592		289,127
Securities available-for-sale, at fair value	1,826,037		1,615,954
Restricted stock, at cost	45,811		42,187
Loans held-for-sale	—		365
Loans	5,404,667		5,387,676
Allowance for credit losses	(67,955)		(67,823)
Net loans	5,336,712		5,319,853
Other real estate owned, net	3,106		2,689
Premises and equipment, net	136,806		136,809
Accrued interest receivable	37,625		35,442
Intangible assets	38,063		41,747
Goodwill	36,253		34,149
Company-owned life insurance	214,606		213,200
Other assets	183,100		189,104
Total Assets	$	7,927,711	$	7,920,626

Liabilities and Shareholders’ Equity
Liabilities
Non-interest-bearing deposits	$	1,367,050	$	1,336,380
Interest-bearing deposits	4,965,215		5,067,561
Total deposits	6,332,265		6,403,941
Short-term borrowings	525,000		450,000
Subordinated debentures, net	71,510		70,222
Subordinated debentures owed to unconsolidated subsidiary trusts	17,331		17,268
Accrued interest and other liabilities	117,101		124,546
Total Liabilities	7,063,207		7,065,977

Commitments and contingent liabilities (see Note 10)

Shareholders’ Equity
Preferred stock and related surplus, $1.00 par value per share; 2,000,000 shares authorized; 1,500 shares issued and outstanding at March 31, 2026; 1,500 shares issued and outstanding at December 31, 2025	10,413		10,413
Common Stock	7,809		7,800
$0.50 par value; 40,000,000 shares authorized, 15,617,231 shares issued and 15,045,941 shares outstanding at March 31, 2026; 40,000,000 shares authorized, 15,599,814 shares issued and 15,028,524 shares outstanding at December 31, 2025
Common stock, additional paid-in capital	407,070		405,922
Retained earnings	535,798		517,058
Accumulated other comprehensive income (loss)	(69,002)		(58,960)
Treasury stock	(27,584)		(27,584)
571,290 shares, at cost, at March 31, 2026, and 571,290 shares, at cost, at December 31, 2025
Total Shareholders’ Equity	864,504		854,649
Total Liabilities and Shareholders’ Equity	$	7,927,711	$	7,920,626

See Notes to Consolidated Financial Statements.

Table of Contents

Burke & Herbert Financial Services Corp.

Consolidated Statements of Income

(In thousands, except share and per share data)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Interest income
Taxable loans, including fees	$	88,083	$	97,031
Tax-exempt loans, including fees	40		46
Taxable securities	9,758		9,487
Tax-exempt securities	6,082		3,267
Other interest income	1,493		955
Total interest income	105,456		110,786
Interest expense
Deposits	26,720		31,851
Short-term borrowings	4,590		3,192
Subordinated debt	2,269		2,729
Other interest expense	34		27
Total interest expense	33,613		37,799
Net interest income	71,843		72,987

Credit loss expense - loans and available-for-sale securities	213		900
Credit loss expense (recapture) - off-balance sheet credit exposures	(201)		(399)
Total provision for credit losses	12		501
Net interest income after credit loss expense	71,831		72,486

Non-interest income
Fiduciary and wealth management	3,227		2,443
Service charges and fees	1,855		2,178
Net gains on securities	1,799		1
Income from company-owned life insurance	1,479		1,193
Bank debit and other card revenue	2,835		2,884
Other non-interest income	1,658		1,324
Total non-interest income	12,853		10,023

Non-interest expense
Salaries and wages	21,413		20,941
Pensions and other employee benefits	5,370		5,136
Occupancy	4,027		4,045
Equipment rentals, depreciation and maintenance	4,188		4,084
Core deposit intangible amortization	3,684		4,298
ATM, card and network expense	1,134		1,132
FDIC and other regulatory assessments	1,140		914
Other operating	10,425		9,114
Total non-interest expense	51,381		49,664

Income before income taxes	33,303		32,845
Income tax expense	5,954		5,644

Net income	27,349		27,201
Preferred stock dividends	225		225
Net income applicable to common shares	$	27,124	$	26,976

Earnings per common share:
Basic	$	1.80	$	1.80
Diluted	1.79		1.80

See Notes to Consolidated Financial Statements.

Table of Contents

Burke & Herbert Financial Services Corp.

Consolidated Statements of Comprehensive Income

(In thousands, except share and per share data)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Net income	$	27,349	$	27,201
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on securities:
Unrealized (loss) gain arising during period, net of tax of $2,933 and ($2,296) for the three months ended March 31, 2026, and March 31, 2025, respectively	(9,882)		7,688
Reclassification adjustment for (gain) on securities, net of tax of $412 and $0 for the three months ended March 31, 2026, and March 31, 2025, respectively	(1,387)		(1)
Reclassification adjustment for (gain) on fair value hedge, net of tax of $9 and $9 for the three months ended March 31, 2026, and March 31, 2025, respectively	(31)		(31)
Defined benefit pension plans:
Changes in pension plan benefits, net of tax of $— and $— for the three months ended March 31, 2026, and March 31, 2025, respectively	—		—
Unrealized gain (loss) on cash flow hedge:
Unrealized holding gain on cash flow hedge, net of tax of ($382) and ($111) for the three months ended March 31, 2026, and March 31, 2025, respectively	1,286		370
Reclassification adjustment for (gains) included in net income, net of tax $8 and $99 for the three months ended March 31, 2026, and March 31, 2025, respectively	(28)		(330)
Total other comprehensive (loss) income	(10,042)		7,696
Comprehensive income	$	17,307	$	34,897

See Notes to Consolidated Financial Statements.

Table of Contents

Burke & Herbert Financial Services Corp.

Consolidated Statements of Changes in Shareholders’ Equity

For the Three Months Ended March 31, 2026, and 2025

(In thousands, except share and per share data)

(Unaudited)


	Preferred Stock and Surplus		Common Stock					Retained Earnings		Comprehensive Income (Loss)		Treasury Stock		Shareholders’ Equity
			Shares Outstanding	Amount		Additional Paid-in Capital
Balance December 31, 2025	$	10,413	15,028,524	$	7,800	$	405,922	$	517,058	$	(58,960)	$	(27,584)	$	854,649
Net income	—		—	—		—		27,349		—		—		27,349
Other comprehensive income	—		—	—		—		—		(10,042)		—		(10,042)
(Purchase) sale of treasury stock, net	—		—	—		—		—		—		—		—
Common stock cash dividends, declared	—		—	—		—		(8,271)		—		—		(8,271)
Preferred stock cash dividends, declared	—		—	—		—		(225)		—		—		(225)
Share-based compensation expense, net	—		17,417	9		1,148		(113)		—		—		1,044
Balance March 31, 2026	$	10,413	15,045,941	$	7,809	$	407,070	$	535,798	$	(69,002)	$	(27,584)	$	864,504

Balance December 31, 2024	$	10,413	14,969,104	$	7,770	$	401,172	$	434,106	$	(95,720)	$	(27,584)	$	730,157
Net income	—		—	—		—		27,201		—		—		27,201
Other comprehensive income	—		—	—		—		—		7,696		—		7,696
(Purchase) sale of treasury stock, net	—		—	—		—		—		—		—		—
Common stock cash dividends, declared	—		—	—		—		(8,237)		—		—		(8,237)
Preferred stock cash dividends, declared	—		—	—		—		(225)		—		—		(225)
Share-based compensation expense, net	—		13,703	7		1,510		(109)		—		—		1,408
Balance March 31, 2025	$	10,413	14,982,807	$	7,777	$	402,682	$	452,736	$	(88,024)	$	(27,584)	$	758,000

See Notes to Consolidated Financial Statements.

Table of Contents

Burke & Herbert Financial Services Corp.

Consolidated Statements of Cash Flows

(In thousands, except share and per share data)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Cash Flows from Operating Activities
Net Income	$	27,349	$	27,201
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of fixed assets	1,868		1,671
Amortization of other intangible assets	3,714		4,328
Amortization on assumed liabilities	1,351		2,221
Accretion income related to acquired loans	(6,817)		(11,447)
Amortization of housing tax credits	1,531		1,859
Realized (gain) on sales of available-for-sale securities	(1,799)		(1)
Realized loss on sales of OREO property	—		2
Provision for credit losses	12		501
Income from company-owned life insurance	(1,479)		(1,193)
Deferred tax expense (benefit)	2,040		(1,495)
Loss on disposal of fixed assets	9		88
Accretion of securities	(1,648)		(1,003)
Amortization of securities	2,533		2,400
Share-based compensation expense	1,148		1,305
Repayment of operating lease liabilities	(670)		(626)
(Gain) on loans held-for-sale	(24)		(78)
Proceeds from sale of loans held-for-sale	2,573		6,647

Originations of loans held-for-sale	(2,184)		(5,540)
(Increase) in accrued interest receivable	(2,183)		(27)
Decrease (increase) in other assets	5,928		(24,845)
(Decrease) increase in accrued interest payable and other liabilities	(6,750)		35,679
Net cash flows provided by operating activities	$	26,502	$	37,647

Cash Flows from Investing Activities
Proceeds from maturities, prepayments, and calls of securities available-for-sale, net	30,357		50,373
Proceeds from sale of securities available-for-sale, net	65,418		—
Purchases of securities available-for-sale, net	(319,559)		(48,542)
Business acquisitions, net	(1,300)		—
Sales of restricted stock	—		29,068
Purchases of restricted stock	(3,624)		(30,621)
Purchases of property and equipment, net of disposals	(1,874)		(1,778)
Proceeds from company-owned life insurance	73		—
Proceeds from sale of OREO property	—		161
(Increase) decrease in loans made to customers, net	(10,471)		23,944
Net cash flows (used in) provided by investing activities	$	(240,980)	$	22,605

Cash Flows from Financing Activities
Net increase in non-interest-bearing accounts	30,670		2,487
Net increase (decrease) in interest-bearing accounts	(102,346)		24,145
Net increase (decrease) in other short-term borrowings	75,000		(65,000)

Repayment of finance lease liabilities	(78)		(56)
Cash dividends paid	(8,496)		(8,462)

Table of Contents

Burke & Herbert Financial Services Corp.

Consolidated Statements of Cash Flows

(In thousands, except share and per share data)

(Unaudited)


Proceeds from employee stock purchase program	184		63
Issuance of common stock	9		103

Net cash flows (used in) financing activities	$	(5,057)	$	(46,720)
(Decrease) increase in cash and cash equivalents	(219,535)		13,532
Cash and cash equivalents
Beginning of period	289,127		135,314
End of period	$	69,592	$	148,846

Supplemental Disclosures of Cash Flow Information
Cash payments for:
Interest paid to depositors	$	26,756	$	32,672
Interest paid on short-term borrowings	3,049		3,732
Interest paid on subordinated debt and trust preferred securities	318		1,326
Interest paid on finance leases	35		27
Income taxes paid (net of refunds)	26		3,595
Change in unrealized gains on available-for-sale securities	(14,615)		7,726
Lease liability arising from obtaining right-of-use assets	600		—
Loans transferred to other real estate owned	417		—

See Notes to Consolidated Financial Statements.

Table of Contents

Notes to Consolidated Financial Statements

Note 1— Nature of Business Activities and Significant Accounting Policies

Nature of operations

The consolidated financial statements include Burke & Herbert Financial Services Corp. (“Burke & Herbert”) and its wholly-owned subsidiary Burke & Herbert Bank & Trust Company (“the Bank”), together referred to as “the Company” for purposes of the Notes to the Financial Statements. As of close of the calendar year 2025, we ceased to be an emerging growth company and became a large accelerated filer. Therefore, we are no longer exempt from the requirements under Section 404 of the Sarbanes-Oxley Act and are no longer able to take advantage of exemptions from various public company reporting requirements applicable to emerging growth companies.

Burke & Herbert Financial Services Corp. was organized as a Virginia corporation in 2022 to serve as the holding company for the Bank. Burke & Herbert became a bank holding company when it commenced operations on October 1, 2022, following a reorganization transaction in which it acquired control of the Bank under the Bank Holding Company Act of 1956 (“BHCA”). This transaction was treated as an internal reorganization as all shareholders of the Bank became shareholders of Burke & Herbert. Burke & Herbert has no material operations other than owning the Bank. In September 2023, Burke & Herbert elected to become a financial holding company under the BHCA. As a financial holding company of a Virginia state bank, the Company is subject to regulation, supervision, and examination by the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the Bureau of Financial Institutions of the Virginia State Corporation Commission (the “Virginia BFI”). The Bank is a Virginia chartered commercial bank that commenced operations in 1852. The Bank became a member of the Federal Reserve System on December 31, 2024. The Bank is subject to regulation, supervision, and examination by the Federal Reserve (through the Federal Reserve Bank of Richmond) and the Virginia BFI.

The Bank’s primary market area includes northern Virginia and West Virginia, and as of March 31, 2026, it has over 77 branches and commercial loan offices across Delaware, Kentucky, Maryland, Virginia, and West Virginia. The Company’s branch locations accept business and consumer deposits from a diverse customer base. The Company’s deposit products include checking, savings, and term certificate accounts. The Company’s loan portfolio includes commercial and consumer loans, a substantial portion of which are secured by real estate.

Merger with LINKBANCORP, Inc.

Effective on May 1, 2026 (the “Closing Date”), Burke & Herbert Financial Services Corp., a Virginia corporation (“Burke & Herbert”), completed its previously announced merger with LINKBANCORP, Inc., a Pennsylvania corporation (“LNKB”), pursuant to the Agreement and Plan of Merger dated December 18, 2025 between Burke & Herbert and LNKB (the “LNKB Merger Agreement”).

Pursuant to the LNKB Merger Agreement, on the Closing Date, (i) LNKB merged with and into Burke & Herbert, with Burke & Herbert continuing as the surviving corporation (the “LNKB Merger”), and (ii) immediately following the LNKB Merger, LINKBANK, a Pennsylvania chartered commercial bank and a wholly-owned subsidiary of LNKB (“Link”), merged with and into Burke & Herbert Bank & Trust Company, a Virginia chartered bank (“Burke & Herbert Bank”) and a wholly-owned subsidiary of Burke & Herbert, with Burke & Herbert Bank as the surviving bank.

Pursuant to the LNKB Merger Agreement, at the effective time of the LNKB Merger (the “Effective Time”), each LNKB share of common stock, par value $0.01 per share (“LNKB Common Stock”) issued and outstanding immediately prior to the Effective Time, other than certain shares held by Burke & Herbert and LNKB, was converted into the right to receive 0.1350 shares of Burke & Herbert common stock. Holders of LNKB Common Stock will receive cash in lieu of fractional shares of Burke & Herbert common stock in accordance with the terms of the LNKB Merger Agreement. The total aggregate consideration payable in the LNKB Merger was approximately 5,082,657 shares of Burke & Herbert Common Stock. Management is currently evaluating the fair values of the assets acquired and liabilities assumed as a result of the merger.

Basis of Presentation

The accompanying consolidated financial statements include Burke & Herbert Financial Services Corp. and its wholly owned subsidiary Burke & Herbert Bank & Trust Company and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial reporting and with applicable quarterly reporting regulations of the U.S. Securities and Exchange Commission (“SEC”). The accounting and reporting

Table of Contents

Note 1— Nature of Business Activities and Significant Accounting Policies (continued)

policies of the Company conform to GAAP and reflect practices of the banking industry. They do not include all of the information and notes required by GAAP for complete financial statements. As such, these unaudited financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2025, included in the Company’s Annual Report on Form 10-K filed with the SEC on February 27, 2026.

The consolidated financial statements include the accounts of the Company and the Bank (as its wholly-owned subsidiary). All significant intercompany accounts and transactions between the Company and the Bank have been eliminated. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made. The results of operations for the three months ended March 31, 2026, are not necessarily indicative of the results to be expected for any other interim period or for the full year. All December 31, 2025, amounts and disclosures included in this quarterly report were derived from the Company’s audited consolidated financial statements. Certain items in the prior period have been reclassified to conform to the current presentation. These reclassifications had no effect on prior year net income or on shareholders’ equity.

Adoption of new accounting standards

In November 2025, the FASB issued ASU 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased Loans. This ASU amends the accounting for certain acquired loans by expanding the use of the “gross‑up” approach under the CECL model to include purchased seasoned loans. Under this approach, the allowance for expected credit losses is recognized at the acquisition date as an adjustment to the loan’s amortized cost basis, rather than through a provision for credit losses, thereby eliminating a “day‑one” credit loss expense for loans within the scope of the guidance. The amendments do not change the accounting for purchased credit‑deteriorated loans, originated loans, credit card loans, or debt securities. The amendments in this update are effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years, and are to be applied on a prospective basis. Early adoption is permitted. As permitted, the Company has elected to early adopt the amended guidance on January 1, 2026 on a prospective basis. The Company expects that substantially all the loans acquired in the LNKB Merger will be considered seasoned.

Newly issued not yet adopted accounting standards

In November 2024, the FASB issued ASU 2024-03, Income Statement (Subtopic 220-40): Reporting Comprehensive Income—Expense Disaggregation Disclosures. This ASU seeks to improve disclosures about a public business entity’s expenses and addresses requests from investors for more detailed information about the types of expenses in commonly presented expense captions. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. This ASU is not expected to have a material impact on our consolidated financial statements.

In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU incorporates certain amendments to SEC disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC’s removal of the related disclosure requirement becomes effective. For all other entities, the effective date will be two years after the date of such removal. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. We do not expect the adoption of ASU 2023-06 to have a material impact on our consolidated financial statements.

Table of Contents

Note 2— Securities

The carrying amount of available-for-sale (“AFS”) securities and their approximate fair values at March 31, 2026, and December 31, 2025, are summarized as follows (in thousands):


	March 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Available-for-Sale
U.S. Treasuries and government agencies	$	158,733	$	—	$	9,270	$	149,463
Obligations of states and municipalities	1,054,158		1,868		65,757		990,269
Residential mortgage backed - agency	60,008		357		2,990		57,375
Residential mortgage backed - non-agency	379,401		1,097		8,012		372,486
Commercial mortgage backed - agency	72,465		29		810		71,684
Commercial mortgage backed - non-agency	100,064		282		1,969		98,377
Asset-backed	50,732		111		543		50,300
Other	36,954		186		1,057		36,083
Total	$	1,912,515	$	3,930	$	90,408	$	1,826,037


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Available-for-Sale
U.S. Treasuries and government agencies	$	159,088	$	—	$	8,964	$	150,124
Obligations of states and municipalities	977,104		5,414		59,944		922,574
Residential mortgage backed - agency	57,731		464		2,810		55,385
Residential mortgage backed - non-agency	221,443		1,860		5,211		218,092
Commercial mortgage backed - agency	74,253		250		607		73,896
Commercial mortgage backed - non-agency	112,082		584		1,557		111,109
Asset-backed	53,954		89		577		53,466
Other	32,162		158		1,012		31,308
Total	$	1,687,817	$	8,819	$	80,682	$	1,615,954

At March 31, 2026, and December 31, 2025, AFS securities with amortized costs of $1.1 billion and $1.1 billion, respectively, and with estimated fair values of $1.0 billion and $1.1 billion, respectively, were pledged to serve as collateral for secured borrowings, derivative exposures, or to secure public deposits as required or permitted by law.

The proceeds from sales, calls, and maturities of debt securities available-for-sale, including principal payments received, and the related gross gains and losses realized, for the three months ended March 31, 2026, and March 31, 2025, were as follows (in thousands):


	Proceeds from						Gross realized
Three Months Ended March 31,	Sales		Calls and maturities		Principal Payments		Gains		Losses
2026	$	65,418	$	11,215	$	19,142	$	2,004	$	205
2025	—		10,867		39,506		1		—

The tax benefit (provision) related to the net realized gains and losses for the three months ended March 31, 2026, and March 31, 2025, was ($411.8) thousand, and ($0.2) thousand, respectively.

The maturities of AFS securities at March 31, 2026, were as follows (in thousands): (Expected maturities of securities not due at a single maturity date are based on average life at estimated prepayment speed. Expected maturities may differ from

Table of Contents

Note 2— Securities (continued)

contractual maturities because borrowers have the right to call or prepay some obligations with or without call or prepayment penalties).


	March 31, 2026
	Amortized Cost
	One Year or Less		One to Five Years		Five to Ten Years		After Ten Years		Total
Securities Available-for-Sale
U.S. Treasuries and government agencies	$	—	$	158,733	$	—	$	—	$	158,733
Obligations of states and municipalities	6,000		273,806		543,525		230,827		1,054,158
Residential mortgage backed - agency	—		25,872		26,284		7,852		60,008
Residential mortgage backed - non-agency	2,014		82,568		267,098		27,721		379,401
Commercial mortgage backed - agency	—		46,711		25,754		—		72,465
Commercial mortgage backed - non-agency	7,162		66,128		26,774		—		100,064
Asset-backed	2,610		33,268		14,854		—		50,732
Other	—		2,811		25,034		9,109		36,954
Total	$	17,786	$	689,897	$	929,323	$	275,509	$	1,912,515


	March 31, 2026
	Fair Value
	One Year or Less		One to Five Years		Five to Ten Years		After Ten Years		Total
Securities Available-for-Sale
U.S. Treasuries and government agencies	$	—	$	149,463	$	—	$	—	$	149,463
Obligations of states and municipalities	5,982		261,801		514,455		208,031		990,269
Residential mortgage backed - agency	—		25,920		23,350		8,105		57,375
Residential mortgage backed - non-agency	2,000		80,279		262,595		27,612		372,486
Commercial mortgage backed - agency	—		46,197		25,487		—		71,684
Commercial mortgage backed - non-agency	7,108		64,213		27,056		—		98,377
Asset-backed	2,599		32,994		14,707		—		50,300
Other	—		2,888		24,243		8,952		36,083
Total	$	17,689	$	663,755	$	891,893	$	252,700	$	1,826,037

At March 31, 2026, and December 31, 2025, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in any amount greater than 10% of shareholders’ equity.

Table of Contents

Note 2— Securities (continued)

The following table shows the gross unrealized losses and fair value of the Company’s securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026, and December 31, 2025.

AFS securities in a continuous unrealized loss position for less than twelve months and more than twelve months are as follows (in thousands):


	March 31, 2026
	Less Than Twelve Months				More Than Twelve Months
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Total Unrealized Losses
Securities Available-for-Sale
U.S. Treasuries and government agencies	$	—	$	—	$	149,463	$	9,270	$	9,270
Obligations of states and municipalities	311,372		5,567		494,147		60,190		65,757
Residential mortgage backed - agency	20,341		98		19,335		2,892		2,990
Residential mortgage backed - non-agency	180,092		2,877		82,348		5,135		8,012
Commercial mortgage backed - agency	45,025		373		25,202		437		810
Commercial mortgage backed - non-agency	45,095		485		21,778		1,484		1,969
Asset-backed	13,342		47		25,103		496		543
Other	—		—		22,271		1,057		1,057
Total	$	615,267	$	9,447	$	839,647	$	80,961	$	90,408


	December 31, 2025
	Less Than Twelve Months				More Than Twelve Months
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Total Unrealized Losses
Securities Available-for-Sale
U.S. Treasuries and government agencies	$	—	$	—	$	150,124	$	8,964	$	8,964
Obligations of states and municipalities	134,143		1,852		513,623		58,092		59,944
Residential mortgage backed - agency	4,461		4		24,832		2,806		2,810
Residential mortgage backed - non-agency	11,545		17		85,750		5,194		5,211
Commercial mortgage backed - agency	14,987		93		26,032		514		607
Commercial mortgage backed - non-agency	29,730		131		30,175		1,426		1,557
Asset-backed	14,531		38		27,750		539		577
Other	—		—		22,288		1,012		1,012
Total	$	209,397	$	2,135	$	880,574	$	78,547	$	80,682

The Company is required to conduct an impairment evaluation on AFS securities to determine whether the Company has the intent to sell the security or it is more likely than not that it will be required to sell the security before recovery. If these situations apply, the guidance requires the Company to reduce the security’s amortized cost basis down to its fair value through earnings. The Company also evaluates the unrealized losses on AFS securities to determine if a security’s decline in fair value below its amortized cost basis is due to credit factors. The evaluation is based upon factors such as the creditworthiness of the underlying borrowers, performance of the underlying collateral, if applicable, and the level of credit support in the security structure. Management also evaluates other factors and circumstances that may be indicative of a decline in the fair value of the security due to a credit factor.

This includes, but is not limited to, an evaluation of the type of security, length of time and extent to which the fair value has been less than cost, and near-term prospects of the issuer. If this assessment indicates that a credit loss exists, the present value of the expected cash flows of the security is compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost, an allowance for credit losses (“ACL”) is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis under the current expected credit loss (“CECL”) standard, and declines due to non-credit factors are recorded in accumulated

Table of Contents

Note 2— Securities (continued)

other comprehensive income (“AOCI”), net of taxes. If a credit loss is recognized in earnings, subsequent improvements to the expectation of collectability will be recognized through the ACL. If the fair value of the security increases above its amortized cost, the unrealized gain will be recorded in accumulated other comprehensive income, net of taxes, in the Consolidated Balance Sheets.

The Company did not record an ACL on the AFS securities as of March 31, 2026, or December 31, 2025. The Company considers the unrealized losses on the AFS securities to be related to fluctuations in market conditions, primarily interest rates, and not reflective of deterioration in credit. The Company had 478 securities in an unrealized loss position as of March 31, 2026. The Company has evaluated AFS securities in an unrealized loss position for credit-related impairment at March 31, 2026, and concluded no impairment existed based on a combination of factors, which included: (1) the securities are of high credit quality, (2) unrealized losses are primarily the result of market volatility and increases in market interest rates, (3) the contractual terms of the investments do not permit the issuer(s) to settle the securities at a price less than the par value of each investment, (4) issuers continue to make timely principal and interest payments, and (5) the Company does not intend to sell any of the investments and the accounting standard of “more likely than not” has not been met for the Company to be required to sell any of the investments before recovery of its amortized cost basis. As such, there was no ACL on AFS securities at March 31, 2026.

Securities of U.S. Treasury and Federal Agencies and Federal Agency Mortgage (Residential and Commercial) Backed Securities

At March 31, 2026, the unrealized losses associated with 10 U.S. Treasuries and Government Agency securities, 11 Residential Mortgage Backed – Agency securities, and 15 Commercial Mortgage Backed – Agency securities were generally driven by changes in interest rates and not due to credit losses given the explicit or implicit guarantees provided by the U.S. government. Therefore, the Company has concluded that the unrealized losses for these securities do not require an ACL at March 31, 2026.

Securities of U.S. States and Municipalities

At March 31, 2026, the unrealized losses associated with 347 State and Municipal securities were primarily caused by changes in interest rates and not the credit quality of the securities. These securities are investment grade and were generally underwritten in accordance with our own investment standards prior to the decision to purchase, without relying on a bond insurer’s guarantee in making the investment decision. These securities will continue to be monitored as part of our ongoing impairment analysis but are expected to perform, even if the rating agencies reduce the credit rating of the bond insurers. As a result, we expect to recover the entire amortized cost basis of these securities. Therefore, the Company has concluded that the unrealized losses for these securities do not require an ACL at March 31, 2026.

Residential & Commercial Mortgage Backed – Non-Agency Securities

At March 31, 2026, the unrealized losses associated with 63 Residential Mortgage Backed – Non-Agency securities and 8 Commercial Mortgage Backed – Non-Agency securities were generally driven by changes in interest rates, credit spreads, and projected collateral losses. We assess for credit impairment by estimating the present value of expected cash flows. The key assumptions for determining expected cash flows include default rates, loss severities, and/or prepayment rates. Based on our assessment of the expected credit losses and the credit enhancement level of the securities, we expect to recover the entire amortized cost of these securities. Therefore, the Company has concluded that the unrealized losses for these securities do not require an ACL at March 31, 2026.

Asset-Backed Securities

At March 31, 2026, the unrealized losses associated with 17 Asset-Backed securities were generally driven by changes in interest rates, credit spreads, and projected collateral losses. We assess for credit impairment by estimating the present value of expected cash flows. The key assumptions for determining expected cash flows include default rates, loss severities, and/or prepayment rates. Based on our assessment of the expected credit losses and the credit enhancement level of the securities, we expect to recover the entire amortized cost of these securities. Therefore, the Company has concluded that the unrealized losses for these securities do not require an ACL at March 31, 2026.

Other Securities

At March 31, 2026, the unrealized losses associated with 7 securities were primarily driven by interest rates and not the credit quality of the securities. These investments were underwritten in accordance with our own investment standards

Table of Contents

Note 2— Securities (continued)

prior to the decision to purchase, without relying on a bond insurer’s guarantee in making the investment decision. Based on our assessment of the expected credit losses, we expect to recover the entire amortized cost basis of the securities. Therefore, the Company has concluded that the unrealized losses for these securities do not require an ACL at March 31, 2026.

Restricted stock, at cost

The Company’s investment in Federal Home Loan Bank (“FHLB”) stock totaled $30.5 million and $26.8 million at March 31, 2026, and December 31, 2025, respectively. The Company’s investment in Federal Reserve Bank stock totaled $14.8 million and $14.8 million at March 31, 2026, and December 31, 2025, respectively. FHLB and Federal Reserve stock are generally viewed as long-term investments and as restricted investment securities, which are carried at cost, because there is no market for the stocks other than member institutions. Therefore, when evaluating FHLB and Federal Reserve stock for impairment, their values are based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Company does not consider these investments to be impaired at March 31, 2026, and no impairment has been recognized. FHLB stock and Federal Reserve stock are included in a separate line item, restricted stock, at cost on the Consolidated Balance Sheets and are not part of the Company’s AFS securities portfolio.

The Company’s restricted stock line item on the Consolidated Balance Sheets also includes an investment in Community Bankers’ Bank, totaling $111 thousand at March 31, 2026, and $111 thousand at December 31, 2025, which is carried at cost and is not impaired at March 31, 2026. The Company also has other restricted stock investments including WV Bankers Title and Atlantic Community Bankers Bank which are included in restricted stock on the Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025.

Note 3— Loans

The Company’s loan portfolio segments, as reported in the tables below, include (i) commercial real estate, (ii) owner-occupied commercial real estate, (iii) acquisition, construction & development, (iv) commercial & industrial, (v) single family residential (1-4 units), and (vi) consumer non-real estate and other. The risks associated with lending activities differ among the various loan segments and are subject to the impact of changes in interest rates, market conditions of collateral securing the loans, and general economic conditions.

•Commercial real estate loans carry risk associated with either the net operating income generated from the lease of the real estate collateral or income generated from the sale of the collateral. Other risk factors include the credit-worthiness of the sponsor and the value of the collateral.

•Owner-occupied commercial real estate loans carry risk associated with the operations of the business that occupies the property and the value of the collateral.

•Acquisition, construction & development loans carry risk associated with the credit-worthiness of the borrower, project completion within budget including the potential impact of volatile construction costs, sale after completion, and the value of the collateral.

•Commercial & industrial loans carry the risk associated with the operations of the business and the value of the collateral, if any.

•Single family residential (1-4 units) loans for consumer purposes carry risk associated with the continued credit-worthiness of the borrower and the value of the collateral. Single family residential (1-4 units) loans for investment purpose carry risk associated with the continued credit-worthiness of the borrower, the value of the collateral, and either the net operating income generated from the lease of the real estate collateral or income generated from the sale of the collateral.

•Consumer non-real estate and other loans, which includes overdrafts, carry risk associated with the credit-worthiness of the borrower and the value of the collateral, if any.

Table of Contents

Note 3— Loans (continued)

Loan balances as of March 31, 2026, and December 31, 2025, by portfolio segment were as follows (in thousands):


	March 31, 2026		December 31, 2025
Commercial real estate	$	2,806,846	$	2,769,287
Owner-occupied commercial real estate	579,365		593,120
Acquisition, construction & development	352,686		386,870
Commercial & industrial	504,229		461,921
Single family residential (1-4 units)	1,128,740		1,127,684
Consumer non-real estate and other	32,801		48,794
Loans, gross	5,404,667		5,387,676
Allowance for credit losses	(67,955)		(67,823)
Loans, net	$	5,336,712	$	5,319,853

Net deferred loan fees included in the above loan categories totaled $6.1 million and $6.2 million at March 31, 2026, and December 31, 2025, respectively.

Note 4— Allowance for Credit Losses

The Company’s ACL is calculated quarterly, with any adjustment recorded to the provision for credit losses in the Consolidated Statement of Income. Management calculates the quantitative portion of collectively evaluated loans for all loan categories using the weighted average remaining maturity (“WARM”) method. For purposes of estimating the Company’s ACL, management generally evaluates collectively evaluated loans by federal call code in order to group loans with similar risk characteristics.

Loans that do not share similar risk characteristics are evaluated on an individual loan basis and are excluded from the collective evaluation for the ACL. Loans identified to be individually evaluated under CECL include loans on non-accrual status and may include accruing loans that do not share similar risk characteristics to other accruing loans that are collectively evaluated on a loan pool basis. A specific reserve analysis may be applied to the individually evaluated loans, which considers collateral value, an observable market price, or the present value of the expected future cash flows. A specific reserve is assigned if the measured value of the loan using one of the before mentioned methods is less than the carrying value of the loan.

Based on management’s analysis, adjustments may be applied for additional factors impacting the risk of loss in the loan portfolio beyond the information that is used to calculate a reasonable and supportable forecast and a reversion period forecast on collectively evaluated loans. Management may consider an additional or reduced reserve as warranted through qualitative risk factors based on the current and expected conditions as measured in supplemental information relative to the macroeconomic variable loss drivers used to calculate a reasonable and supportable forecast and a reversion period forecast. These qualitative risk factors considered by management are largely comparable to legacy factors prior to the adoption of CECL.

Table of Contents

Note 4— Allowance for Credit Losses (continued)

The following tables present the activity in the ACL for the three months ended March 31, 2026, and for the three months ended March 31, 2025, (in thousands).


	Commercial real estate		Owner-occupied commercial real estate		Acquisition, construction & development		Commercial & industrial		Single family residential (1-4 units)		Consumer non-real estate and other		Total
Three months ended
March 31, 2026
Balance, beginning of period	$	26,190	$	2,760	$	17,221	$	8,227	$	12,536	$	889	$	67,823
Provision for (recapture of) credit losses	805		455		(448)		(47)		(651)		99		213
Charge-offs	—		(65)		—		—		(65)		(360)		(490)
Recoveries	6		—		—		11		108		284		409
Balance, end of period	$	27,001	$	3,150	$	16,773	$	8,191	$	11,928	$	912	$	67,955

March 31, 2025
Balance, beginning of period	$	30,444	$	3,261	$	17,386	$	6,633	$	9,763	$	553	$	68,040
Provision for (recapture of) credit losses	4,296		699		(5,912)		1,728		(308)		397		900
Charge-offs	—		(687)		—		(93)		(33)		(611)		(1,424)
Recoveries	6		—		—		4		132		95		237
Balance, end of period	$	34,746	$	3,273	$	11,474	$	8,272	$	9,554	$	434	$	67,753

The recorded investment in loans excludes accrued interest receivable due to immateriality. The following table presents the aging of the recorded investment in past due loans as of March 31, 2026, and December 31, 2025, by portfolio segment (in thousands):


	March 31, 2026
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days or More Past Due		Total Past Due		Current Loans		Total Loans		90 Days Past Due or More & Still Accruing		Non-accrual loans
Commercial real estate	$	16,220	$	34,578	$	39,742	$	90,540	$	2,716,306	$	2,806,846	$	369	$	41,896
Owner-occupied commercial real estate	6,048		1,278		6,159		13,485		565,880		579,365		183		6,842
Acquisition, construction & development	329		4,539		12,701		17,569		335,117		352,686		224		12,541
Commercial & industrial	2,621		347		7,013		9,981		494,248		504,229		1,715		5,617
Single family residential (1-4 units)	19,874		4,775		2,568		27,217		1,101,523		1,128,740		1,699		7,021
Consumer non-real estate and other	1,314		49		422		1,785		31,016		32,801		10		442
Total	$	46,406	$	45,566	$	68,605	$	160,577	$	5,244,090	$	5,404,667	$	4,200	$	74,359

	December 31, 2025
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days or More Past Due		Total Past Due		Current Loans		Total Loans		90 Days Past Due or More & Still Accruing		Non-accrual loans
Commercial real estate	$	4,535	$	1,676	$	37,891	$	44,102	$	2,725,185	$	2,769,287	$	677	$	37,318
Owner-occupied commercial real estate	1,251		1,091		6,310		8,652		584,468		593,120		177		7,800
Acquisition, construction & development	578		699		13,243		14,520		372,350		386,870		559		12,793
Commercial & industrial	2,008		2,354		5,629		9,991		451,930		461,921		512		5,512
Single family residential (1-4 units)	14,823		7,541		3,594		25,958		1,101,726		1,127,684		1,694		6,802
Consumer non-real estate and other	395		151		346		892		47,902		48,794		4		388
Total	$	23,590	$	13,512	$	67,013	$	104,115	$	5,283,561	$	5,387,676	$	3,623	$	70,613

Credit Quality Indicators

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic information, and other factors. The Company analyzes loans individually by classifying the loans by credit risk. The Company internally grades all commercial loans at the time of origination. In addition, the Company performs an annual review on at least 50% of the Bank’s commercial credit exposure. The Company uses the following definitions for credit risk classifications:

Table of Contents

Note 4— Allowance for Credit Losses (continued)

Pass: These include satisfactory loans that have acceptable levels of risk.

Special Mention: Loans classified as special mention have a potential credit weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard: Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the orderly liquidation of debt. Loans classified as substandard are inadequately protected by sound net worth, payment capacity of the borrower, or of the collateral pledged. If weaknesses go uncorrected, there is potential for partial loss of principal and/or interest.

Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and unlikely.

Loss: Loans classified as a loss are considered to be uncollectible and cannot be justified to continue as viable assets. While there may be the possibility of some recovery in the future, it is not practical or desirable to defer writing off these loans at the present time.

The Company has a portfolio of smaller homogenous loans that are not individually risk rated that are included within the single family residential and consumer non-real estate and other loan classes. Generally, these loan classes are rated as “Pass” unless these loans are on non-accrual and are then classified as substandard.

The following table presents the amortized cost basis of the loan portfolio, by year of origination, loan class, and credit quality, as of March 31, 2026, and December 31, 2025 (in thousands):


	March 31, 2026
	Term Loans
	2026		2025		2024		2023		2022		Prior		Revolving Loans		Total
Commercial real estate
Pass	$	83,730	$	312,039	$	244,074	$	421,242	$	431,944	$	944,158	$	127,371	$	2,564,558
Special Mention	—		—		5,372		5,229		5,080		32,637		2,468		50,786
Substandard	—		—		—		15,671		50,226		98,651		15,406		179,954
Doubtful	—		—		—		—		4,508		6,576		464		11,548
Loss	—		—		—		—		—		—		—		—
Total	$	83,730	$	312,039	$	249,446	$	442,142	$	491,758	$	1,082,022	$	145,709	$	2,806,846

Year to date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied commercial real estate
Pass	$	12,934	$	72,792	$	55,977	$	58,648	$	71,214	$	247,735	$	36,589	$	555,889
Special Mention	—		—		—		—		—		3,381		—		3,381
Substandard	—		456		—		786		7,313		6,206		66		14,827
Doubtful	—		—		—		—		3,392		1,876		—		5,268
Loss	—		—		—		—		—		—		—		—
Total	$	12,934	$	73,248	$	55,977	$	59,434	$	81,919	$	259,198	$	36,655	$	579,365

Year to date gross charge-offs	$	—	$	—	$	—	$	—	$	65	$	—	$	—	$	65

Acquisition, construction & development
Pass	$	10,999	$	56,108	$	25,235	$	93,877	$	42,271	$	42,818	$	60,989	$	332,297
Special Mention	—		—		—		3,645		—		135		—		3,780
Substandard	—		—		—		3,116		924		9,005		—		13,045
Doubtful	—		—		—		—		3,500		—		64		3,564
Loss	—		—		—		—		—		—		—		—
Total	$	10,999	$	56,108	$	25,235	$	100,638	$	46,695	$	51,958	$	61,053	$	352,686

Year to date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Table of Contents

Note 4— Allowance for Credit Losses (continued)


Commercial & industrial
Pass	$	5,448	$	61,638	$	62,642	$	24,157	$	24,605	$	37,282	$	265,870	$	481,642
Special Mention	—		1,669		190		49		11,463		1,151		418		14,940
Substandard	—		693		63		1,112		2,082		1,228		2,426		7,604
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		37		6		43
Total	$	5,448	$	64,000	$	62,895	$	25,318	$	38,150	$	39,698	$	268,720	$	504,229

Year to date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Single family residential (1-4 units)
Pass	$	27,595	$	67,042	$	75,112	$	123,263	$	177,765	$	479,170	$	168,971	$	1,118,918
Special Mention	—		—		278		133		779		890		589		2,669
Substandard	—		114		—		2,166		572		3,359		810		7,021
Doubtful	—		—		—		—		—		82		—		82
Loss	—		—		—		—		—		50		—		50
Total	$	27,595	$	67,156	$	75,390	$	125,562	$	179,116	$	483,551	$	170,370	$	1,128,740

Year to date gross charge-offs	$	—	$	—	$	—	$	41	$	—	$	24	$	—	$	65

Consumer non-real estate and other
Pass	$	2,738	$	7,776	$	9,271	$	4,489	$	2,328	$	1,930	$	4,079	$	32,611
Special Mention	—		—		—		85		—		28		—		113
Substandard	—		—		60		16		—		—		—		76
Doubtful	—		—		—		—		—		—		—		—
Loss	1		—		—		—		—		—		—		1
Total	$	2,739	$	7,776	$	9,331	$	4,590	$	2,328	$	1,958	$	4,079	$	32,801

Year to date gross charge-offs	$	292	$	4	$	44	$	5	$	15	$	—	$	—	$	360

Totals	$	143,445	$	580,327	$	478,274	$	757,684	$	839,966	$	1,918,385	$	686,586	$	5,404,667


	December 31, 2025
	Term Loans
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Total
Commercial real estate
Pass	$	324,565	$	245,763	$	377,142	$	437,116	$	383,808	$	620,673	$	128,260	$	2,517,327
Special Mention	—		5,395		5,224		13,941		—		34,172		2,468		61,200
Substandard	—		—		15,675		50,300		50,745		53,091		16,058		185,869
Doubtful	—		—		—		3,156		—		1,735		—		4,891
Loss	—		—		—		—		—		—		—		—
Total	$	324,565	$	251,158	$	398,041	$	504,513	$	434,553	$	709,671	$	146,786	$	2,769,287

Year to date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	116	$	—	$	116

Owner-occupied commercial real estate
Pass	$	72,903	$	57,923	$	61,402	$	75,692	$	91,329	$	175,545	$	32,434	$	567,228
Special Mention	—		—		274		6,182		232		3,421		—		10,109
Substandard	459		—		521		2,002		1,113		6,391		73		10,559
Doubtful	—		—		—		3,404		1,820		—		—		5,224
Loss	—		—		—		—		—		—		—		—
Total	$	73,362	$	57,923	$	62,197	$	87,280	$	94,494	$	185,357	$	32,507	$	593,120

Year to date gross charge-offs	$	—	$	—	$	—	$	363	$	10	$	632	$	95	$	1,100

Acquisition, construction & development
Pass	$	51,546	$	27,499	$	139,222	$	56,766	$	32,792	$	13,664	$	48,012	$	369,501

Table of Contents

Note 4— Allowance for Credit Losses (continued)


Special Mention	—		—		3,511		—		—		137		91		3,739
Substandard	—		—		258		812		4,062		4,974		—		10,106
Doubtful	—		—		—		3,415		—		—		109		3,524
Loss	—		—		—		—		—		—		—		—
Total	$	51,546	$	27,499	$	142,991	$	60,993	$	36,854	$	18,775	$	48,212	$	386,870

Year to date gross charge-offs	$	—	$	—	$	1	$	—	$	—	$	—	$	—	$	1

Commercial & industrial
Pass	$	63,901	$	66,758	$	27,018	$	25,659	$	16,991	$	26,677	$	206,654	$	433,658
Special Mention	1,814		2,086		637		13,788		—		1,238		1,009		20,572
Substandard	704		64		855		2,286		192		1,083		2,463		7,647
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		37		7		44
Total	$	66,419	$	68,908	$	28,510	$	41,733	$	17,183	$	29,035	$	210,133	$	461,921

Year to date gross charge-offs	$	—	$	—	$	32	$	8	$	—	$	14	$	184	$	238

Single family residential (1-4 units)
Pass	$	66,662	$	82,957	$	131,349	$	180,837	$	125,345	$	362,811	$	168,043	$	1,118,004
Special Mention	—		283		134		788		401		503		673		2,782
Substandard	115		—		1,615		589		713		3,434		336		6,802
Doubtful	—		—		—		—		—		95		—		95
Loss	—		—		—		—		—		1		—		1
Total	$	66,777	$	83,240	$	133,098	$	182,214	$	126,459	$	366,844	$	169,052	$	1,127,684

Year to date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	60	$	172	$	232

Consumer non-real estate and other
Pass	$	9,612	$	10,961	$	5,543	$	2,804	$	687	$	1,645	$	17,335	$	48,587
Special Mention	—		—		92		—		33		—		—		125
Substandard	—		62		20		—		—		—		—		82
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total	$	9,612	$	11,023	$	5,655	$	2,804	$	720	$	1,645	$	17,335	$	48,794

Year to date gross charge-offs	$	1,750	$	195	$	133	$	62	$	2	$	1	$	5	$	2,148

Totals	$	592,281	$	499,751	$	770,492	$	879,537	$	710,263	$	1,311,327	$	624,025	$	5,387,676

Loans for which the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral are considered to be collateral-dependent loans. Collateral can have a significant financial effect in mitigating exposure to credit risk and, where there is sufficient collateral, an allowance for credit losses is not recognized or is minimal. For collateral-dependent loans, the allowance for credit losses is individually assessed based on the fair value of the collateral less estimated costs of sale. The Company's collateral-dependent loans are secured by real estate, inventory and equipment. Collateral values are generally based on appraisals, which are adjusted for changes in market indices. As of March 31, 2026 and December 31, 2025, the Company had $72.4 million and $68.7 million of collateral-dependent impaired loans, respectively.

The collateral-dependent loans at March 31, 2026 consisted of $43.0 million of commercial real estate loans, $8.1 million of owner-occupied commercial real estate loans, $13.1 million of acquisition, construction & development loans, $4.2 million of commercial & industrial loans, and $4.1 million of single family residential loans. The collateral-dependent loans at December 31, 2025 consisted of $38.2 million of commercial real estate loans, $9.0 million of owner-occupied commercial real estate loans, $13.3 million of acquisition, construction & development loans, $4.4 million of commercial & industrial loans, and $3.8 million of single family residential loans. For the three months ended March 31, 2026 and the year ended December 31, 2025, there were no significant deterioration or changes in the collateral securing these loans.

Table of Contents

Note 4— Allowance for Credit Losses (continued)

The following tables present information about collateral-dependent loans that were individually evaluated for purposes of determining the ACL as of March 31, 2026, and December 31, 2025 (in thousands):


	March 31, 2026
	With Allowance				With No Related Allowance		Total
	Amortized Cost		Related Allowance		Amortized Cost		Amortized Cost		Related Allowance
March 31, 2026
Commercial real estate	$	21,546	$	5,726	$	21,481	$	43,027	$	5,726
Owner-occupied commercial real estate	456		128		7,600		8,056		128
Acquisition, construction & development	8,535		2,731		4,564		13,099		2,731
Commercial & industrial	4,187		3,993		—		4,187		3,993
Single family residential (1-4 units)	637		4		3,419		4,056		4
Consumer non-real estate and other	—		—		—		—		—
Total	$	35,361	$	12,582	$	37,064	$	72,425	$	12,582


	December 31, 2025
	With Allowance				With No Related Allowance		Total
	Amortized Cost		Related Allowance		Amortized Cost		Amortized Cost		Related Allowance
December 31, 2025
Commercial real estate	$	14,316	$	3,939	$	23,857	$	38,173	$	3,939
Owner-occupied commercial real estate	—		—		8,987		8,987		—
Acquisition, construction & development	4,071		1,431		9,276		13,347		1,431
Commercial & industrial	4,440		4,227		—		4,440		4,227
Single family residential (1-4 units)	258		35		3,516		3,774		35
Consumer non-real estate and other	—		—		—		—		—
Total	$	23,085	$	9,632	$	45,636	$	68,721	$	9,632

Purchased Credit Deteriorated Loans

The Company has purchased loans relating to our 2024 merger with Summit Financial Group, Inc. (the “Summit Merger”) for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans, at acquisition, is as follows (in thousands):


	Amounts
Purchase price of loans at acquisition	$	380,795
Allowance for credit losses at acquisition	23,910
Non-credit discount/(premium) at acquisition	37,640

Par value of acquired loans at acquisition	$	442,345

Loan Modifications

On January 1, 2023, the Company adopted ASU 2022-02 on a modified retrospective basis. ASU 2022-02 eliminates the troubled debt restructuring (“TDR”) accounting model and requires that the Company evaluate, based on the accounting for loan modifications, whether the borrower is experiencing financial difficulty, and the modification results in a more-than-insignificant direct change in the contractual cash flows and represents a new loan or a continuation of an existing loan. This change required all loan modifications to be accounted for under the general loan modification guidance in ASC 310-20, Receivables — Nonrefundable Fees and Other Costs, and subjects entities to new disclosure requirements on loan modifications to borrowers experiencing financial difficulty.

The Company may modify loans to borrowers experiencing financial difficulty by providing principal forgiveness, term extension, interest rate reduction, or an other-than-insignificant payment delay. When principal forgiveness is provided, the

Table of Contents

Note 4— Allowance for Credit Losses (continued)

amount of forgiveness is charged off against the ACL. The Company may also provide multiple types of modifications on an individual loan. For the three months ended March 31, 2026, and for the year ended, December 31, 2025, the Company did not extend any modifications to borrowers experiencing financial difficulty that had a more-than-insignificant direct change in the contractual cash flows of the loan.

Other Real Estate Owned

Real estate owned activity was as follows for the three months ended March 31, 2026, and for the year ended, December 31, 2025 (in thousands):


	March 31, 2026		December 31, 2025
Beginning balance	$	2,689	$	2,783
Loans acquired/transferred to real estate owned	417		259
Capital expenditures	—		—
Direct write-downs	—		(195)
Sales of real estate owned	—		(158)

End of period balance	$	3,106	$	2,689

Note 5— Deposits

The aggregate amount of time deposits that meet or exceed the FDIC Insurance Limit of $250,000, was approximately $302.2 million and $295.4 million on March 31, 2026, and December 31, 2025, respectively. Brokered time deposits, which are fully insured, totaled $3.4 million and $64.4 million as of March 31, 2026, and December 31, 2025, respectively. Time deposits through the Certificate of Deposit Account Registry Service (“CDARS”) program totaled $22.4 million at March 31, 2026, compared to $22.4 million at December 31, 2025.

The remaining maturities of time deposits as of March 31, 2026 are as follows (in thousands):


As of March 31, 2026
Remaining nine months ending, December 31, 2026	$	899,459
2027	90,923
2028	11,607
2029	6,443
2030	5,378
Thereafter	6,608
Total	$	1,020,418

At March 31, 2026, and December 31, 2025, amounts included in time deposits for individual retirement accounts totaled $110.7 million and $111.2 million, respectively.

Overdrafts of $524.4 thousand and $704.0 thousand were reclassified to loans as of March 31, 2026, and December 31, 2025, respectively.

Note 6— Borrowed Funds

Short-term borrowings

The Company had borrowings of $525.0 million and $450.0 million at March 31, 2026, and December 31, 2025, respectively. At March 31, 2026, the interest rate on this debt was 3.82%. At December 31, 2025, the interest rate on this debt was 3.75%. The average balance outstanding during the three months ending March 31, 2026, and the year ending December 31, 2025, was $492.4 million and $422.1 million, respectively. The Company has a finance lease liability that is not included in these balances - see Note 7 - Leased Property for a discussion of this liability that is included in the accrued interest and other liabilities line in the Consolidated Balance Sheets.

The Company has available secured lines of credit with the Federal Reserve Bank of Richmond, such as the Borrower-In-Custody program, the FHLB of Atlanta, and unsecured federal funds lines of credit from correspondent banking

Table of Contents

Note 6— Borrowed Funds (continued)

relationships. Through these sources, the Company has unused capacity of $4.7 billion in remaining borrowing capacity as of March 31, 2026. The advances on credit lines are secured by both securities and loans. The lendable collateral value of securities and loans pledged against available lines of credit as of March 31, 2026, and December 31, 2025, was $3.4 billion and $3.2 billion, respectively. As of March 31, 2026, all of the Company’s borrowings will mature within one calendar year.

The contractual maturities of these borrowings, which all occur within one year of the reporting date, are as follows as of March 31, 2026, (in thousands):


Due in 2026	$	525,000
Total	$	525,000

Long-term borrowings

Subordinated Debentures

As part of the Summit Merger, Burke & Herbert assumed $75.0 million of subordinated debentures, that were fair valued at $61.5 million with a $13.5 million discount being amortized into interest expense over the stated maturity. As of March 31, 2026, the net balance was $71.5 million. The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines, until the debt is within 5 years of its maturity; thereafter, the amount qualifying as Tier 2 capital is reduced 20% each year until maturity. The subordinated debentures were issued in the fourth quarter of 2021. This subordinated debt bears interest at a fixed rate of 3.25% per year, from acquisition date to, but excluding, December 1, 2026, payable semi-annually in arrears. From and including, December 1, 2026 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”), as published by the Federal Reserve Bank of New York, plus 230 basis points, payable quarterly in arrears. This debt has a 10-year term, and generally, is not prepayable by us within the first 5 years from issuance, which was fourth quarter 2021.

Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts

As part of the Summit Merger, Burke & Herbert became the sponsor for SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III. For each of these trusts, 100% of the common equity is owned by us. SFG Capital Trust I issued $3.5 million in capital securities and $109 thousand in common securities and invested the proceeds in $3.6 million of debentures, which were assumed by Burke & Herbert in the Summit Merger. SFG Capital Trust II issued $7.5 million in capital securities and $232 thousand in common securities and invested the proceeds in $7.7 million of debentures, which were assumed by Burke & Herbert in the Summit Merger. SFG Capital Trust III issued $8.0 million in capital securities and $248 thousand in common securities and invested the proceeds in $8.3 million of debentures, which were assumed by Burke & Herbert in the Summit Merger. Distributions on the capital securities issued by the trusts are payable quarterly at a variable rate equal to three-month term SOFR, plus 345 basis points for SFG Capital Trust I, three-month term SOFR, plus 280 basis points for SFG Capital Trust II, and three-month term SOFR, plus 145 basis points for SFG Capital Trust III, and equals the interest rate earned on the debentures held by the trusts and is recorded as interest expense by us. The capital securities are subject to mandatory redemption in whole, or in part, upon repayment of the debentures. We have entered into agreements which, taken collectively, fully and unconditionally guarantee the capital securities subject to the terms of the guarantee. The debentures of each Capital Trust are redeemable by us quarterly.

The capital securities issued by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 capital under the Federal Reserve guidelines. In accordance with these Guidelines, trust preferred securities are limited to

Table of Contents

Note 6— Borrowed Funds (continued)

25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital.

The remaining maturities of subordinated debentures as of March 31, 2026, are as follows (in thousands):


	Subordinated debentures		Subordinated debentures owed to unconsolidated subsidiary trusts
Remaining nine months ending, December 31, 2026	$	—	$	—
2027	—		—
2028	—		—
2029	—		—
2030	—		—
Thereafter	75,000		19,589
Total	$	75,000	$	19,589

Note 7— Leased Property

Lessor Arrangements

The Company enters into operating leases with customers to lease vacant space in certain owned premises that is not being used by the Company. These operating leases are typically payable in monthly installments with terms ranging from around one year to around nine years and may contain renewal options. The components of lease income, which were included in non-interest expense on the Consolidated Statements of Income, were as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Operating lease income	$	695	$	693
Total lease income	$	695	$	693

The remaining maturities of operating lease receivables as of March 31, 2026, are as follows (in thousands):


	Operating Leases
Remaining nine months ending, December 31, 2026	$	1,949
2027	2,400
2028	2,330
2029	2,130
2030	1,585
Thereafter	1,370
Total lease receivables	$	11,764

Lessee Arrangements

The Company has entered into leases for branches and office space. The leases are evaluated for whether the lease will be classified as either a finance or operating lease. Certain leases offer the option to extend the lease term, and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. Including renewal options, the terms of the Company’s leases range from less than one year to around twelve years. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations.

Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. These cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. The right-of-use asset and lease liability are included in other assets and other liabilities, respectively, in the Consolidated Balance Sheets.

Table of Contents

Note 7— Leased Property (continued)

Right-of-use assets and liabilities by lease type, and the associated balance sheet classifications are as follows (in thousands):


	Balance Sheet Classification	March 31, 2026		December 31, 2025
Right-of-use assets:
Operating leases	Other assets	$	13,416	$	14,096
Finance leases	Other assets	4,299		3,795
Total right-of-use assets		$	17,715	$	17,891
Lease liabilities:
Operating leases	Other liabilities	$	14,047	$	14,717
Finance leases	Other liabilities	4,680		4,158
Total lease liabilities		$	18,727	$	18,875

The components of total lease cost were as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Finance lease cost
Right-of-use asset amortization	$	96	$	71
Interest expense	35		27
Operating lease cost	843		834
Total lease cost	$	974	$	932

The Company’s future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of March 31, 2026, are as follows (in thousands):


	Operating Leases		Finance Leases
Remaining nine months ending, December 31, 2026	$	2,507	$	371
2027	3,015		504
2028	2,451		515
2029	2,240		526
2030	1,680		538
Thereafter	4,861		3,157
Total undiscounted lease payments	16,754		5,611
Less: discount	(2,707)		(931)

Net lease liabilities	$	14,047	$	4,680

Table of Contents

Note 7— Leased Property (continued)

The following table presents additional information about the Company’s leases as of March 31, 2026, and December 31, 2025.


Supplemental lease information (dollars in thousands)	March 31, 2026			December 31, 2025
Finance lease weighted average remaining lease term (years)	10.28			10.61
Finance lease weighted average discount rate	3.44		%	3.32		%
Operating lease weighted average remaining lease term (years)	6.53			6.66
Operating lease weighted average discount rate	4.65		%	4.64		%

	Three Months Ended March 31,
Cash paid for amounts included in the measurement of lease liabilities	2026			2025
Operating cash flows from operating leases	$	835		$	778
Operating cash flows from finance leases	35			27
Financing cash flows from finance leases	78			56
Right-of-use assets obtained in exchange for new finance lease liabilities	600			—
Right-of-use assets obtained in exchange for new operating lease liabilities	—			—

Note 8— Regulatory Capital Matters

Banks and financial holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, “prompt corrective action” regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Under the Basel III Framework, an entity must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The net unrealized gain or loss on AFS securities is not included in computing regulatory capital. Management believes as of March 31, 2026, the Company and the Bank meet all capital adequacy requirements to which they are subject.

“Prompt corrective action” regulations provide five classifications: “well capitalized”, “adequately capitalized”, “undercapitalized”, “significantly undercapitalized”, and “critically undercapitalized”, although these terms are not used to represent overall financial condition. If “adequately capitalized”, regulatory approval is required to accept brokered deposits. If “undercapitalized”, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. As of March 31, 2026, and December 31, 2025, the most recent notification from the FDIC categorized the Bank as “well capitalized” under the regulatory framework for “prompt corrective action.”

Table of Contents

Note 8— Regulatory Capital Matters (continued)

The following table presents the actual and required capital amounts and ratios for the Company and the Bank at March 31, 2026, and December 31, 2025 (in thousands except for ratios):


	Actual				Minimum Required Capital - Basel III			Minimum Required to be Well Capitalized
	Amount		Ratio		Amount		Ratio	Amount		Ratio
As of March 31, 2026
Total Capital to risk weighted assets
Consolidated	$	1,026,838	16.52	%	$	652,804	≥ 10.5%	$	621,718	N/A
Burke & Herbert Bank & Trust	1,010,788		16.29		651,547		≥ 10.5	620,521		≥ 10.0%
Tier 1 (Core) Capital to risk weighted assets
Consolidated	884,378		14.22		528,460		≥ 8.5	497,374		N/A
Burke & Herbert Bank & Trust	939,838		15.15		527,443		≥ 8.5	496,417		≥ 8.0
Common Tier 1 (CET 1) to risk-weighted assets
Consolidated	856,634		13.78		435,203		≥ 7.0	404,117		N/A
Burke & Herbert Bank & Trust	939,838		15.15		434,365		≥ 7.0	403,339		≥ 6.5
Tier 1 (Core) Capital to average assets (leverage ratio)
Consolidated	884,378		11.27		313,866		≥ 4.0	392,332		N/A
Burke & Herbert Bank & Trust	939,838		11.97		314,043		≥ 4.0	392,554		≥ 5.0

As of December 31, 2025
Total Capital to risk weighted assets
Consolidated	$	1,004,898	16.17	%	$	652,648	≥ 10.5%	$	621,570	N/A
Burke & Herbert Bank & Trust	986,269		15.92		650,649		≥ 10.5	619,665		≥ 10.0%
Tier 1 (Core) Capital to risk weighted assets
Consolidated	863,657		13.89		528,334		≥ 8.5	497,256		N/A
Burke & Herbert Bank & Trust	915,250		14.77		526,716		≥ 8.5	495,732		≥ 8.0
Common Tier 1 (CET 1) to risk-weighted assets
Consolidated	835,976		13.45		435,099		≥ 7.0	404,020		N/A
Burke & Herbert Bank & Trust	915,250		14.77		433,766		≥ 7.0	402,782		≥ 6.5
Tier 1 (Core) Capital to average assets (leverage ratio)
Consolidated	863,657		10.92		316,492		≥ 4.0	395,615		N/A
Burke & Herbert Bank & Trust	915,250		11.59		315,898		≥ 4.0	394,873		≥ 5.0

The Company’s principal source of funds for dividend payments is dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. As of March 31, 2026, approximately $359.2 million of retained earnings was available for dividend declaration consistent with the Company’s capital plan.

Note 9— Derivatives

The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

Cash flow hedges of interest rate risk

The Company’s objective in using interest rate derivatives is to add stability to net interest income and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps, caps, and floors as part of its interest rate risk management strategy. Interest rate swaps, designated as cash flow hedges, involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. As of March 31, 2026, such derivatives were

Table of Contents

Note 9— Derivatives (continued)

used to hedge the variable cash flows associated with variable-rate liabilities. As of March 31, 2025, such derivatives were used to hedge the variable cash flows associated with variable-rate debt and variable-rate securities.

For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in AOCI and subsequently reclassified into interest expense or interest income in the same period(s) during which the hedged transaction affects earnings. During the next twelve months, the Company estimates that an additional $1.4 million will be reclassified as a reduction in interest expense.

Derivatives not designated as hedges

The Company enters into interest rate swaps with its loan customers to facilitate their financing requests. Upon entering into swaps with our loan customers, the Company will enter into corresponding offsetting derivatives with third parties. These derivatives represent economic hedges and do not qualify as hedges for accounting. These back-to-back interest rate swaps are reported at fair value in other assets and accrued interest and other liabilities in the Company’s Consolidated Balance Sheets. Changes in the fair value of interest rate swaps are recorded in other non-interest expense and sum to zero because of offsetting terms of swaps with borrowers and swaps with dealer counterparties.

The table below presents the fair value of the Company’s derivative financial instruments, which includes accrued interest, as well as their classification on the Consolidated Balance Sheets as of March 31, 2026, and December 31, 2025 (in thousands):


	March 31, 2026
	Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedges:
Interest rate swaps related to cash flow hedges	Other assets	$	425,000	$	1,589
Interest rate swaps related to cash flow hedges	Other liabilities	200,000		5

Derivatives not designated as hedges:
Interest rate swaps related to customer loans	Other assets	$	228,711	$	1,447
Interest rate swaps related to customer loans	Other liabilities	228,711		1,447


	December 31, 2025
	Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedges:
Interest rate swaps related to cash flow hedges	Other assets	$	150,000	$	273

Interest rate swaps related to cash flow hedges	Other liabilities	400,000		340

Derivatives not designated as hedges:
Interest rate swaps related to customer loans	Other assets	$	203,904	$	2,331
Interest rate swaps related to customer loans	Other liabilities	203,904		2,331

Table of Contents

Note 9— Derivatives (continued)

The table below presents the effect of cash flow hedge accounting on AOCI for the three months ended March 31, 2026, and March 31, 2025 (in thousands):

Burke & Herbert Financial Services Corp. 10-Q