Ohio Valley Banc Corp - 10-Q quarterly report FY2026 Q2

United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

☐ 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 000-20914

OHIO VALLEY BANC CORP.

(Exact name of registrant as specified in its charter)

Ohio	31-1359191
(State of Incorporation)	(I.R.S. Employer Identification No.)

420 Third Avenue, Gallipolis, Ohio	45631
(Address of principal executive offices)	(ZIP Code)

(740) 446-2631

(Registrant’s telephone number, including area code)

_____________________

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

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common shares, without par value	OVBC	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, a 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. ☐

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

The number of common shares, without par value, of the registrant outstanding as of August 12, 2026 was 4,711,001.

OHIO VALLEY BANC CORP.

Index

		Page Number
PART I.	FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)
	Consolidated Balance Sheets	3
	Consolidated Statements of Income	4
	Consolidated Statements of Comprehensive Income	5
	Consolidated Statements of Changes in Shareholders’ Equity	6
	Condensed Consolidated Statements of Cash Flows	7
	Notes to Unaudited Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	45
Item 4.	Controls and Procedures	45

PART II.	OTHER INFORMATION

Item 1.	Legal Proceedings	45
Item 1A.	Risk Factors	45
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	46
Item 3.	Defaults Upon Senior Securities	46
Item 4.	Mine Safety Disclosures	46
Item 5.	Other Information	46
Item 6.	Exhibits	47

Signatures		48

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

OHIO VALLEY BANC CORP.

CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except share and per share data)


		June 30,
		2026			December 31,
		(Unaudited)			2025

ASSETS
Cash and noninterest-bearing deposits with banks	$	15,519		$	14,845
Interest-bearing deposits with banks		62,565			31,052
Total cash and cash equivalents		78,084			45,897

Debt securities available for sale		250,236			253,906
Debt securities held to maturity, net of allowance for credit losses of $1 in 2026 and 2025		5,404			5,452
Equity securities		376			-
Restricted investments in bank stocks		5,258			5,258

Total loans		1,246,114			1,196,018
Less: Allowance for credit losses		(16,610	)		(11,519	)
Net loans		1,229,504			1,184,499

Premises and equipment, net		22,357			20,509
Premises and equipment held for sale, net		390			400
Accrued interest receivable		5,485			5,476
Goodwill		7,319			7,319
Bank owned life insurance and annuity assets		42,960			43,305
Operating lease right-of-use asset, net		1,408			923
Deferred tax assets		6,082			5,621
Other assets		6,573			4,089
Total assets	$	1,661,436		$	1,582,654

LIABILITIES
Noninterest-bearing deposits	$	319,288		$	314,131
Interest-bearing deposits		1,089,140			1,015,536
Total deposits		1,408,428			1,329,667

Other borrowed funds		41,822			44,848
Subordinated debentures		8,500			8,500
Operating lease liability		1,408			923
Allowance for credit losses on off-balance sheet commitments		731			871
Other liabilities		27,161			27,588
Total liabilities		1,488,050			1,412,397

CONTINGENT LIABILITIES		-			-

SHAREHOLDERS’ EQUITY
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 5,490,995 shares issued)		5,491			5,491
Additional paid-in capital		52,321			52,321
Retained earnings		137,969			133,007
Accumulated other comprehensive income (loss)		(3,702	)		(1,869	)
Treasury stock, at cost (779,994 shares)		(18,693	)		(18,693	)
Total shareholders’ equity		173,386			170,257
Total liabilities and shareholders’ equity	$	1,661,436		$	1,582,654

See accompanying notes to consolidated financial statements

OHIO VALLEY BANC CORP.

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(dollars in thousands, except per share data)


	Three months ended				Six months ended
	June 30,				June 30,
		2026		2025		2026		2025

Interest and dividend income:
Loans, including fees	$	19,998	$	17,984	$	39,402	$	34,679
Securities
Taxable		2,398		2,295		4,773		4,450
Tax exempt		26		28		52		56
Dividends		90		93		178		189
Interest-bearing deposits with banks		966		639		1,548		1,465
		23,478		21,039		45,953		40,839

Interest expense:
Deposits		7,533		5,988		14,564		12,121
Other borrowed funds		426		382		862		775
Subordinated debentures		121		134		241		268
		8,080		6,504		15,667		13,164
Net interest income		15,398		14,535		30,286		27,675
Provision for (recovery of) credit losses		3,755		1,148		5,377		1,564
Net interest income after provision for credit losses		11,643		13,387		24,909		26,111

Noninterest income:
Service charges on deposit accounts		774		723		1,519		1,443
Trust fees		89		100		181		203
Income from bank owned life insurance and annuity assets		242		243		620		483
Mortgage banking income		38		40		75		77
Electronic refund check / deposit fees		----		135		----		675
Debit / credit card interchange income		1,349		1,279		2,584		2,428
Unrealized gains on equity securities		377		----		377		----
Tax preparation fees		42		38		650		634
Other		275		290		468		551
		3,186		2,848		6,474		6,494
Noninterest expense:
Salaries and employee benefits		6,553		6,194		12,900		12,206
Occupancy		541		493		1,065		1,014
Furniture and equipment		338		338		656		688
Professional fees		466		500		939		1,000
Marketing expense		305		279		585		558
FDIC insurance		241		164		482		347
Data processing		364		969		1,275		1,894
Software		661		587		1,334		1,128
Other		1,776		1,525		3,310		3,032
		11,245		11,049		22,546		21,867

Income before income taxes		3,584		5,186		8,837		10,738
Provision for income taxes		657		976		1,613		2,122

NET INCOME	$	2,927	$	4,210	$	7,224	$	8,616

Earnings per share	$	0.62	$	0.89	$	1.53	$	1.83

See accompanying notes to consolidated financial statements

OHIO VALLEY BANC CORP.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

(dollars in thousands)


	Three months ended						Six months ended
	June 30,						June 30,
		2026			2025			2026			2025

Net Income	$	2,927		$	4,210		$	7,224		$	8,616

Other comprehensive income (loss):
Change in unrealized gain (loss) on available for sale debt securities		458			2,462			(2,352	)		5,051
Related tax (expense) benefit		(101	)		(543	)		519			(1,114	)
Total other comprehensive income (loss), net of tax		357			1,919			(1,833	)		3,937

Total comprehensive income	$	3,284		$	6,129		$	5,391		$	12,553

See accompanying notes to consolidated financial statements

OHIO VALLEY BANC CORP.

CONSOLIDATED STATEMENTS OF CHANGES

IN SHAREHOLDERS’ EQUITY (UNAUDITED)

(dollars in thousands, except share and per share data)


									Accumulated
				Additional					Other						Total
		Common		Paid-In		Retained			Comprehensive			Treasury			Shareholders'
Quarter-to-date		Stock		Capital		Earnings			Income (Loss)			Stock			Equity
Balance at April 1, 2026	$	5,491	$	52,321	$	136,220		$	(4,059	)	$	(18,693	)	$	171,280
Net income		-		-		2,927			-			-			2,927
Other comprehensive income (loss), net		-		-		-			357			-			357
Cash dividends, $0.25 per share		-		-		(1,178	)		-			-			(1,178	)
Balance at June 30, 2026	$	5,491	$	52,321	$	137,969		$	(3,702	)	$	(18,693	)	$	173,386

Balance at April 1, 2025	$	5,491	$	52,321	$	125,062		$	(8,466	)	$	(18,693	)	$	155,715
Net income		-		-		4,210			-			-			4,210
Other comprehensive income (loss), net		-		-		-			1,919			-			1,919
Cash dividends, $0.23 per share		-		-		(1,084	)		-			-			(1,084	)
Balance at June 30, 2025	$	5,491	$	52,321	$	128,188		$	(6,547	)	$	(18,693	)	$	160,760


									Accumulated
				Additional					Other						Total
		Common		Paid-In		Retained			Comprehensive			Treasury			Shareholders'
Year-to-date		Stock		Capital		Earnings			Income (Loss)			Stock			Equity
Balance at January 1, 2026	$	5,491	$	52,321	$	133,007		$	(1,869	)	$	(18,693	)	$	170,257
Net income		-		-		7,224			-			-			7,224
Other comprehensive income (loss), net		-		-		-			(1,833	)		-			(1,833	)
Cash dividends, $0.48 per share		-		-		(2,262	)		-			-			(2,262	)
Balance at June 30, 2026	$	5,491	$	52,321	$	137,969		$	(3,702	)	$	(18,693	)	$	173,386

Balance at January 1, 2025	$	5,491	$	52,321	$	121,693		$	(10,484	)	$	(18,693	)	$	150,328
Net income		-		-		8,616			-			-			8,616
Other comprehensive income (loss), net		-		-		-			3,937			-			3,937
Cash dividends, $0.45 per share		-		-		(2,121	)		-			-			(2,121	)
Balance at June 30, 2025	$	5,491	$	52,321	$	128,188		$	(6,547	)	$	(18,693	)	$	160,760

See accompanying notes to consolidated financial statements

OHIO VALLEY BANC CORP.

CONDENSED CONSOLIDATED STATEMENTS OF

CASH FLOWS (UNAUDITED)

(dollars in thousands)


	Six months ended
	June 30,
		2026			2025

Net cash provided by operating activities:	$	9,831		$	4,974

Investing activities:
Proceeds from maturities and paydowns of debt securities available for sale		56,644			76,041
Purchases of debt securities available for sale		(54,651	)		(67,306	)
Proceeds from calls and maturities of debt securities held to maturity		45			548
Net change in loans		(50,442	)		(39,285	)
Purchases of premises and equipment		(2,658	)		(467	)
Purchases of bank owned life insurance and annuity asset		(170	)		-
Withdrawals from bank owned life insurance and annuity asset		115			115
Net cash (used in) investing activities		(51,117	)		(30,354	)

Financing activities:
Change in deposits		78,761			1,584
Cash dividends		(2,262	)		(2,121	)
Repayment of Federal Home Loan Bank borrowings		(2,591	)		(2,625	)
Change in other short-term borrowings		(435	)		62
Net cash provided by (used in) financing activities		73,473			(3,100	)

Change in cash and cash equivalents		32,187			(28,480	)
Cash and cash equivalents at beginning of period		45,897			83,107
Cash and cash equivalents at end of period	$	78,084		$	54,627

Supplemental disclosure:
Cash paid for interest	$	15,755		$	12,712
Cash paid for income taxes		1,835			1,424
Operating lease liability arising from obtaining right-of-use asset		810			-
Proceeds from bank owned life insurance and annuity assets not settled		1,020			-

See accompanying notes to consolidated financial statements

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(dollars in thousands, except per share data)

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION: The accompanying consolidated financial statements include the accounts of Ohio Valley Banc Corp. (“Ohio Valley”) and its wholly-owned subsidiaries, The Ohio Valley Bank Company (the “Bank”), Loan Central, Inc., a consumer finance company, and Ohio Valley Financial Services Agency, LLC, an insurance agency. The Bank has one wholly-owned subsidiary, Ohio Valley REO, LLC (“Ohio Valley REO”), an Ohio limited liability company, to which the Bank transfers certain real estate acquired by the Bank through foreclosure for sale by Ohio Valley REO. Ohio Valley and its subsidiaries are collectively referred to as the “Company.” All material intercompany accounts and transactions have been eliminated in consolidation.

These interim financial statements are prepared by the Company without audit and reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company at June 30, 2026, and its results of operations and cash flows for the periods presented. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the operating results to be anticipated for the full fiscal year ending December 31, 2026. The accompanying consolidated financial statements do not purport to contain all the necessary financial disclosures required by U.S. generally accepted accounting principles (“US GAAP”) that might otherwise be necessary in the circumstances. The Annual Report of the Company for the year ended December 31, 2025, filed with the SEC on March 13, 2026 (the “2025 Annual Report”), contains consolidated financial statements and related notes which should be read in conjunction with the accompanying consolidated financial statements.

USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS: The accounting and reporting policies followed by the Company conform to US GAAP established by the Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.

INDUSTRY SEGMENT INFORMATION: We conduct our operations through a single business segment, banking, which derives interest and noninterest income through our banking products and services and investment securities. All of our income relates to our operations in the United States.

Pursuant to Financial Accounting Standards Codification 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision makers in determining how to allocate resources and assessing performance.

Our chief operating decision maker, which is our Chief Executive Officer, evaluates interest and noninterest income streams and credit losses from our various products and services, while expense activities, including interest expense and noninterest expense, are managed, and financial performance is evaluated, on a Company-wide basis. As a result, detailed profitability information for each interest and noninterest income stream is not used by our chief operating decision maker to allocate resources or in assessing performance. Rather, our chief operating decision maker uses consolidated net income to assess performance by comparing it to and monitoring against budgeted and prior year results. This information is used to manage resources to drive business and net income growth, including investment in key strategic priorities, as well as determining our ability to return capital to shareholders. Segment assets represent total assets on our Consolidated Balance Sheets and segment net income represents net income on our Consolidated Statements of Income.

NEW ACCOUNTING PRONOUNCEMENTS PENDING ADOPTION: In November 2024, the FASB issued Accounting Standards Update (“ASU”) No. 2024-03, Disaggregation of Income Statement Expenses. ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement to be presented in a tabular format in the footnotes to the financial statements. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The amendments in ASU 2024-03 should be applied on a prospective basis, although retrospective application is permitted. The Company is currently evaluating the impact of adopting ASU 2024-03 on its consolidated financial statements.

In November 2025, the FASB issued ASU No. 2025‑08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. This update amends the guidance in Accounting Standards Codification (“ASC”) Topic 326 to improve the accounting for acquired loans. The amendments expand the population of acquired financial assets subject to the “gross-up” approach to include certain loans acquired without evidence of significant credit deterioration that meet the definition of “purchased seasoned loans.” Under this approach, an allowance for expected credit losses is recognized at the acquisition date as an adjustment to the amortized cost basis of the asset, rather than through credit loss expense. The amendments are intended to improve comparability and better reflect the economics of acquired loans by eliminating the recognition of a Day 1 credit loss expense for such assets. The amendments are effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual periods, and should be applied prospectively to loans acquired after the adoption date. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2025-08 on its consolidated financial statements.

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In December 2025, the FASB issued ASU No. 2025‑11, Interim Reporting (Topic 270): Narrow-Scope Improvements. This update amends the guidance in ASC Topic 270 to improve the clarity and usability of interim reporting requirements. The amendments are intended to enhance the navigability of interim disclosure requirements and clarify the applicability of Topic 270. The ASU provides a comprehensive list of disclosures required in interim periods under US GAAP and introduces a disclosure principle requiring entities to disclose events and changes that occur after the end of the most recent annual reporting period that have a material impact on the entity. The amendments also clarify the form and content of interim financial statements. The guidance is not intended to change the fundamental nature of interim reporting or significantly expand or reduce existing disclosure requirements. The amendments are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, for public business entities, and for interim reporting periods within annual reporting periods beginning after December 15, 2028, for all other entities. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2025‑11 on its consolidated financial statements.

In December 2025, the FASB issued ASU No. 2025‑12, Codification Improvements. This update is part of the FASB’s ongoing project to make incremental improvements to US GAAP and includes amendments to correct errors, clarify guidance, and improve consistency across various topics within the ASC. The amendments in ASU 2025‑12 affect multiple areas of US GAAP, including, but not limited to, earnings per share, lease accounting, transfers and servicing, and equity method investments. The changes are generally intended to enhance the clarity and operability of existing guidance and are not expected to have a significant impact on accounting practice for most entities. The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2025‑12 on its consolidated financial statements.

DEBT SECURITIES: The Company classifies securities into held to maturity (“HTM”) and available for sale (“AFS”) categories. HTM securities are those which the Company has the positive intent and ability to hold to maturity and are reported at amortized cost. Securities classified as AFS include securities that could be sold for liquidity, investment management or similar reasons even if there is not a present intention of such a sale. AFS securities are reported at fair value, with unrealized gains or losses included in other comprehensive income, net of tax.

Premium amortization is deducted from, and discount accretion is added to, interest income on securities using the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses are recognized upon the sale of specific identified securities on the completed trade date.

EQUITY SECURITIES: The Company’s equity securities are carried at fair value, with changes in fair value reported in net income. All of the Company’s equity securities have readily determinable fair values and are carried at fair value, with changes recognized in net income.

ALLOWANCE FOR CREDIT LOSSES (“ACL”) - AFS SECURITIES: For AFS debt securities in an unrealized position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For debt securities AFS that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair values has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income.

Changes in the ACL are recorded as credit loss expense (or reversal). Losses are charged against the allowance when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met.

Management made the accounting policy election to exclude accrued interest receivable from the estimate of credit losses. Accrued interest receivable on AFS debt securities totaled $1,221at June 30, 2026 and $1,330 at December 31, 2025.

Management classifies the AFS portfolio into the following major security types: U.S. Government securities, U.S. Government sponsored entity securities, and Agency mortgage-backed residential securities. At June 30, 2026 and December 31, 2025, there was noACL related to AFS debt securities.

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

ACL - HTM SECURITIES: Management measures expected credit losses on HTM debt securities on a collective basis by major security type with each type sharing similar risk characteristics and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of HTM securities to present the net amount expected to be collected. HTM securities are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in the Company’s consolidated statements of income in the provision for credit losses. Management classifies the HTM portfolio into two major security types: Obligations of states and political subdivisions and Agency mortgage-backed residential securities. Agency mortgage-backed residential securities consist of only two
securities with balances that are not significant. With regard to obligations of states and political subdivisions, management considers (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financial condition of the issuer, and (4) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. At June 30, 2026, the ACL related to HTM debt securities was $1, unchanged from December 31, 2025. Furthermore, there was no corresponding provision expense during the three and six months ended June 30, 2026 and 2025.

Management made the accounting policy election to exclude accrued interest receivable from the estimate of credit losses. Accrued interest receivable on HTM debt securities totaled $22at June 30, 2026 and $13 at December 31, 2025.

LOANS: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of unearned interest, deferred loan fees and costs, and an ACL. Interest income is reported on an accrual basis using the interest method and includes amortization of net deferred loan fees and costs over the loan term using the level yield method without anticipating prepayments. The amount of the Company’s recorded investment is not materially different than the amount of unpaid principal balance for loans.

Interest income is discontinued and the loan moved to non-accrual status when full loan repayment is in doubt, typically when the loan payments are past due 90 days or over unless the loan is well-secured or in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful.

All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis method until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The Bank also originates long-term, fixed-rate mortgage loans, with the full intention of being sold to the secondary market. These loans are considered held for sale during the period of time after the principal has been advanced to the borrower by the Bank, but before the Bank has been reimbursed by the Federal Home Loan Mortgage Corporation, typically within a few business days. Loans sold to the secondary market are carried at the lower of aggregate cost or fair value. As of June 30, 2026 and December 31, 2025, there were no loans held for sale by the Bank.

ACL – LOANS: The ACL for loans is a contra asset valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is adjusted through the provision for credit losses and reduced by net charge offs of loans.

The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period.

The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans.

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The ACL is measured on a collective (pool) basis when similar risk characteristics exist. The Company has identified the following portfolio segments and measures the ACL using the following methods:


Portfolio Segment	Measurement Method	Loss Driver

Residential real estate	Cumulative Undiscounted Expected Loss	National Unemployment, National gross domestic product ("National GDP")

Commercial real estate:
Owner-occupied	Cumulative Undiscounted Expected Loss	National Unemployment, National GDP
Nonowner-occupied	Cumulative Undiscounted Expected Loss	National Unemployment, National GDP
Construction	Cumulative Undiscounted Expected Loss	National Unemployment, National GDP

Commercial and industrial	Cumulative Undiscounted Expected Loss	National Unemployment, National GDP

Consumer:
Automobile	Cumulative Undiscounted Expected Loss	National Unemployment
Home equity	Cumulative Undiscounted Expected Loss	National Unemployment
Other	Cumulative Undiscounted Expected Loss, Remaining Life Method	National Unemployment

Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. In defining historical loss rates and the prepayment rates and curtailment rates used to determine the expected life of loans, the use of regional and national peer data was used. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment, referred to above as “Loss Driver”, is based on the national unemployment rate and the National GDP forecast for the first year. For periods beyond our reasonable and supportable forecast, we revert to historical loss rates utilizing a straight-line method over a two-year reversion period. The qualitative adjustments for current conditions are based upon changes in lending policies and practices, experience and ability of lending staff, quality of the Company’s loan review system, value of underlying collateral, the volume and severity of past due loans, the value of underlying collateral for collateral dependent loans, the existence of and changes in concentrations and other external factors. Each factor is assigned a value to reflect improving, stable, or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a modification will be executed with an individual borrower, or the extension of renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company.

The Company has elected to exclude accrued interest receivable from the measurement of its ACL. Accrued interest receivable on loans totaled $4,194 at June 30, 2026 and $4,111 at December 31, 2025. When a loan is placed on nonaccrual status, any outstanding accrued interest is reversed against interest income.

Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. We evaluate all loans that meet the following criteria: 1) when it is determined that foreclosure is probable; 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral; 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance.

At June 30, 2026, there was $16,610in the ACL related to loans, compared to $11,519 at December 31, 2025. This resulted in loan related provision expense of $3,815 and $5,517 during the three and six months ended June 30, 2026, compared to $1,033 and $1,509 during the three and six months ended June 30, 2025, respectively.

The Company’s loan portfolio segments have been identified as follows: Commercial and Industrial, Commercial Real Estate, Residential Real Estate, and Consumer.

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Commercial and industrial: Portfolio segment consists of borrowings for commercial purposes to individuals, corporations, partnerships, sole proprietorships, and other business enterprises. Commercial and industrial loans are generally secured by business assets such as equipment, accounts receivable, inventory, or any other asset excluding real estate and generally made to finance capital expenditures or operations. The Company’s risk exposure is related to deterioration in the value of collateral securing the loan should foreclosure become necessary. Generally, business assets used or produced in operations do not maintain their value upon foreclosure, which may require the Company to write down the value significantly to sell.

Commercial real estate: Portfolio segment consists of nonfarm, nonresidential loans secured by owner-occupied and nonowner-occupied commercial real estate as well as commercial construction loans. An owner-occupied loan relates to a borrower-purchased building or space for which the repayment of principal is dependent upon cash flows from the ongoing business operations conducted by the party, or an affiliate of the party, who owns the property. Owner-occupied loans that are dependent on cash flows from operations can be adversely affected by current market conditions for their product or service. A nonowner-occupied loan is a property loan for which the repayment of principal is dependent upon rental income associated with the property or the subsequent sale of the property. Nonowner-occupied loans that are dependent upon rental income are primarily impacted by the level of interest rates associated with the debt and to local economic conditions, which dictate occupancy rates and the amount of rent charged. The increase in debt service due to higher interest rates may not be able to be passed on to tenants. As part of the origination process, loan interest rates and occupancy rates are stressed to determine the impact on the borrower’s ability to maintain adequate debt service under different economic conditions. Furthermore, the Company monitors the concentration in any one industry and has established limits relative to capital. In addition, credit quality trends are monitored by industry to determine if a change in the risk exposure to a certain industry may warrant a change in our underwriting standards. Commercial construction loans consist of borrowings to purchase and develop raw land into 1-4 family residential properties. Construction loans are extended to individuals as well as corporations for the construction of an individual or multiple properties and are secured by raw land and the subsequent improvements. Repayment of the loans to real estate developers is dependent upon the sale of properties to third parties in a timely fashion upon completion. Should there be delays in construction or a downturn in the market for those properties, there may be significant erosion in value that may be absorbed by the Company.

Residential real estate: Portfolio segment consists of loans to individuals for the purchase of 1-4 family primary residences with repayment primarily through wage or other income sources of the individual borrower. The Company’s loss exposure to these loans is dependent on local market conditions for residential properties as loan amounts are determined, in part, by the fair value of the property at origination.

Consumer: Portfolio segment consists of loans to individuals secured by automobiles, open-end home equity loans and other loans to individuals for household, family, and other personal expenditures, both secured and unsecured. These loans typically have maturities of six years or less with repayment dependent on individual wages and income. The risk of loss on consumer loans is elevated as the collateral securing these loans, if any, rapidly depreciate in value or may be worthless and/or difficult to locate if repossession is necessary.

ACL – OFF-BALANCE SHEET CREDIT EXPOSURES: The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The ACL on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. At June 30, 2026, there was $731 in the ACL related to off-balance sheet credit exposures, compared to $871 at December 31, 2025. This resulted in corresponding provision expense recoveries of $60 and $140 during the three and six months ended June 30, 2026, compared to $115 and $55 in provision expense during the three and six months ended June 30, 2025, respectively.

EARNINGS PER SHARE:Earnings per share is based on net income divided by the weighted average number of common shares outstanding during the quarter. The weighted average common shares outstanding were 4,711,001 for both the three and six months ended June 30, 2026 and 2025, respectively. Ohio Valley had no dilutive effect and no potential common shares issuable under stock options or other agreements for any period presented.

NOTE 2 – FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The following is a description of the Company’s valuation methodologies used to measure and disclose the fair values of its financial assets and liabilities on a recurring or nonrecurring basis:

Securities: Debt securities classified as AFS are measured at fair value on a recurring basis. The fair values for securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). During times when trading is more liquid, broker quotes are used (if available) to validate the model. Rating agency and industry research reports as well as defaults and deferrals on individual securities are reviewed and incorporated into the calculations.

Individually Evaluated Collateral Dependent Loans: Loans with specific reserves based on their fair value of collateral are measured on an as-needed, nonrecurring basis. The fair value of individually evaluated collateral dependent loans with specific allocations of the ACL is generally based on the fair value of collateral, less costs to sell, based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. In some instances, fair value adjustments can be made based on a quoted price from an observable input, such as a purchase agreement. Such adjustments would be classified as a Level 2 classification. Individually evaluated collateral dependent loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Other Real Estate Owned (“OREO”): The value of foreclosed assets is measured on a nonrecurring basis. Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. In some instances, fair value adjustments can be made based on a quoted price from an observable input, such as a purchase agreement. Such adjustments would be classified as a Level 2 classification.

Appraisals for both collateral-dependent loans and OREO are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with management’s own assumptions of fair value based on factors that include recent market data or industry-wide statistics.

On an as-needed basis, the Company reviews the fair value of collateral, taking into consideration current market data, as well as all selling costs that typically approximate 10%.

Interest Rate Swap Agreements: The fair value of interest rate swap agreements is determined using the market standard methodology of netting the discounted future fixed cash payments (or receipts) and the discounted expected variable cash receipts (or payments). The variable cash receipts (or payments) are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves (Level 2).

NOTE 2 – FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued)

Assets and Liabilities Measured on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:


	Fair Value Measurements at June 30, 2026 Using
		Quoted Prices in Active		Significant Other			Significant
		Markets for Identical Assets		Observable Inputs			Unobservable Inputs
		(Level 1)		(Level 2)			(Level 3)
Assets:
U.S. Government securities	$	83,839	$	-		$	-
U.S. Government sponsored entity securities		-		5,108			-
Agency mortgage-backed securities, residential		-		161,289			-
Equity securities		376		-			-
Interest rate swap derivatives		-		726			-

Liabilities:
Interest rate swap derivatives		-		(726	)		-


	Fair Value Measurements at December 31, 2025 Using
		Quoted Prices in Active		Significant Other			Significant
		Markets for Identical Assets		Observable Inputs			Unobservable Inputs
		(Level 1)		(Level 2)			(Level 3)
Assets:
U.S. Government securities	$	86,779	$	-		$	-
U.S. Government sponsored entity securities		-		5,124			-
Agency mortgage-backed securities, residential		-		162,003			-
Interest rate swap derivatives		-		754			-

Liabilities:
Interest rate swap derivatives		-		(754	)		-

There were no transfers into or out of Level 3 during the periods ended June 30, 2026 or 2025.

Assets and Liabilities Measured on a Nonrecurring Basis

There were no assets or liabilities measured at fair value on a nonrecurring basis at December 31, 2025. Assets or liabilities measured at fair value on a nonrecurring basis at June 30, 2026 are summarized below:


	Fair Value Measurements at June 30, 2026 Using
		Quoted Prices in Active		Significant Other		Significant
		Markets for Identical Assets		Observable Inputs		Unobservable Inputs
		(Level 1)		(Level 2)		(Level 3)
Assets:
Individually evaluated collateral dependent loans:
Residential real estate	$	-	$	-	$	882
Commercial real estate:
Nonowner-occupied		-		-		3,748
Commercial and industrial		-		-		799

At June 30, 2026, the recorded investment of individually evaluated collateral dependent loans measured for impairment using the fair value of collateral totaled $11,990, with a corresponding valuation allowance of $6,561, resulting in an increase of $4,823and $6,561 in provision expense during the three and six months ended June 30, 2026, with no corresponding charge-offs recognized. This is compared to an increase of $42 in provision expense during the three and six months ended June 30, 2025.

NOTE 2 – FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued)

There were no financial instruments measured at fair value on a non-recurring basis at December 31, 2025. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2026:

June 30, 2026

Fair

Valuation

Unobservable

Value

Technique(s)

Input(s)

Range

Weighted Average

Individually evaluated collateral dependent loans:

Residential real estate

882

Sales approach

Adjustment to comparables

4.4% to 33.6%

13.78

Commercial real estate:

Nonowner-occupied

3,748

Income approach

Capitalization rate

Commercial and industrial

799

Sales approach

Adjustment to comparables

0% to 25%

12.31

The carrying amounts and estimated fair values of financial instruments at June 30, 2026 and December 31, 2025 are as follows:


		Carrying	Fair Value Measurements at June 30, 2026 Using
		Value		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	78,084	$	78,084	$	-	$	-	$	78,084
Debt securities available for sale		250,236		83,839		166,397		-		250,236
Debt securities held to maturity		5,404		-		2,987		2,047		5,034
Equity securities		376		376		-		-		376
Loans, net		1,229,504		-		-		1,222,459		1,222,459
Interest rate swap derivatives		726		-		726		-		726
Accrued interest receivable		5,485		-		1,275		4,210		5,485

Financial liabilities:
Deposits		1,408,428		875,556		532,942		-		1,408,498
Other borrowed funds		41,822		-		41,148		-		41,148
Subordinated debentures		8,500		-		8,500		-		8,500
Interest rate swap derivatives		726		-		726		-		726
Accrued interest payable		6,495		-		6,495		-		6,495


		Carrying	Fair Value Measurements at December 31, 2025 Using
		Value		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	45,897	$	45,897	$	-	$	-	$	45,897
Securities available for sale		253,906		86,779		167,127		-		253,906
Securities held to maturity		5,452		-		2,963		2,111		5,074
Loans, net		1,184,499		-		-		1,171,189		1,171,189
Interest rate swap derivatives		754		-		754		-		754
Accrued interest receivable		5,476		-		1,357		4,119		5,476

Financial liabilities:
Deposits		1,329,667		839,931		490,970		-		1,330,901
Other borrowed funds		44,848		-		44,386		-		44,386
Subordinated debentures		8,500		-		8,500		-		8,500
Interest rate swap derivatives		754		-		754		-		754
Accrued interest payable		6,584		-		6,584		-		6,584

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

NOTE 3 – SECURITIES

The following table summarizes the amortized cost and fair value of securities AFS and securities HTM at June 30, 2026 and December 31, 2025 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:


Securities Available for Sale		Amortized		Gross Unrealized		Gross Unrealized			Estimated
		Cost		Gains		Losses			Fair Value
June 30, 2026
U.S. Government securities	$	83,959	$	112	$	(232	)	$	83,839
U.S. Government sponsored entity securities		5,336		-		(228	)		5,108
Agency mortgage-backed securities, residential		165,690		146		(4,547	)		161,289
Total securities	$	254,985	$	258	$	(5,007	)	$	250,236

December 31, 2025
U.S. Government securities	$	86,442	$	575	$	(238	)	$	86,779
U.S. Government sponsored entity securities		5,336		-		(212	)		5,124
Agency mortgage-backed securities, residential		164,525		768		(3,290	)		162,003
Total securities	$	256,303	$	1,343	$	(3,740	)	$	253,906


Securities Held to Maturity		Amortized		Gross Unrecognized		Gross Unrecognized			Estimated		Allowance for
		Cost		Gains		Losses			Fair Value		Credit Losses
June 30, 2026
Obligations of states and political subdivisions	$	5,405	$	-	$	(371	)	$	5,034	$	(1	)
Total securities	$	5,405	$	-	$	(371	)	$	5,034	$	(1	)

December 31, 2025
Obligations of states and political subdivisions	$	5,453	$	-	$	(379	)	$	5,074	$	(1	)
Total securities	$	5,453	$	-	$	(379	)	$	5,074	$	(1	)

The amortized cost and estimated fair value of debt securities at June 30, 2026, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately.


	Available for Sale				Held to Maturity
		Amortized		Estimated		Amortized		Estimated
Debt Securities:		Cost		Fair Value		Cost		Fair Value

Due in one year or less	$	54,578	$	54,378	$	631	$	625
Due in over one to five years		34,717		34,569		2,620		2,503
Due in over five to ten years		-		-		325		272
Due after ten years		-		-		1,829		1,634
Agency mortgage-backed securities, residential		165,690		161,289		-		-
Total debt securities	$	254,985	$	250,236	$	5,405	$	5,034

There were no sales of debt securities during the three and six months ended June 30, 2026 and 2025.

Debt securities with a carrying value of approximately $175,647 at June 30, 2026 and $195,245 at December 31, 2025, respectively, were pledged to secure public deposits, repurchase agreements, and for other purposes required or permitted by law.

NOTE 3 – SECURITIES (Continued)

The following table summarizes debt securities AFS in an unrealized loss position for which an ACL losses has not been recorded at June 30, 2026 and December 31, 2025, aggregated by major security type and length of time in a continuous unrealized loss position:


June 30, 2026	Less Than 12 Months					12 Months or More					Total
				Unrealized					Unrealized					Unrealized
		Fair Value		Loss			Fair Value		Loss			Fair Value		Loss
Securities Available for Sale
U.S. Government securities	$	54,457	$	(123	)	$	11,898	$	(109	)	$	66,355	$	(232	)
U.S. Government sponsored entity securities		-		-			5,108		(228	)		5,108		(228	)
Agency mortgage-backed securities, residential		87,311		(1,294	)		41,059		(3,253	)		128,370		(4,547	)
Total available for sale	$	141,768	$	(1,417	)	$	58,065	$	(3,590	)	$	199,833	$	(5,007	)


December 31, 2025	Less Than 12 Months					12 Months or More					Total
				Unrealized					Unrealized					Unrealized
		Fair Value		Loss			Fair Value		Loss			Fair Value		Loss
Securities Available for Sale
U.S. Government securities	$	-	$	-		$	16,755	$	(238	)	$	16,755	$	(238	)
U.S. Government sponsored entity securities		-		-			5,124		(212	)		5,124		(212	)
Agency mortgage-backed securities, residential		35,475		(154	)		46,121		(3,136	)		81,596		(3,290	)
Total available for sale	$	35,475	$	(154	)	$	68,000	$	(3,586	)	$	103,475	$	(3,740	)

Management evaluates AFSdebt securities in unrealized positions to determine whether impairment is due to credit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value.

At June 30, the Company had 68 AFS debt securities in an unrealized position without an ACL, of which 10 were from U.S. Government securities, 2 were from U.S. Government sponsored entity securities, and 56 were from Agency mortgage-backed residential securities. Comparatively at December 31, 2025, the Company had 53 AFS debt securities in an unrealized position without an ACL, of which 3 were from U.S. Government securities, 2 were from U.S. Government sponsored entity securities, and 48 were from Agency mortgage-backed residential securities. Management does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of June 30, 2026and December 31, 2025, management believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in interest rates and other market conditions, and, therefore, the Company carried no ACL on AFS debt securities at June 30, 2026 and December 31, 2025.

NOTE 3 – SECURITIES (Continued)

The following table presents the activity in the ACL for HTM debt securities:


		Six months ended		Six months ended
Held to Maturity Debt Securities		June 30, 2026		June 30, 2025
Allowance for credit losses:
Beginning balance	$	1	$	1
Provision for (recovery of) credit loss expense		-		-
Allowance for credit losses ending balance	$	1	$	1

The Company’s HTM securities consist of obligations of states and political subdivisions. The ACL on HTM securities is estimated at each measurement date on a collective basis by major security type. Risk factors such as issuer bond ratings, historical loss rates, financial condition of issuer, and timely principal and interest payments of issuer were evaluated to determine if a credit reserve was required within the portfolio. At June 30, 2026, there were no past due principal and interest payments related to HTM securities. During the second quarter of 2026 and 2025, the cumulative loss rate remained at 0.02%, resulting in no change to provision expense during the three and six months ended June 30, 2026 and 2025.

The Company’s equity securities portfolio is comprised of common stock with readily determinable fair values. At December 31, 2025, this portfolio consisted of 954 shares of Visa Inc. (“Visa”) Class B-1 common stock that were not marketable and carried at a $0 cost basis. On April 13, 2026, Visa announced the commencement of a public offering to permit the exchange of Class B-1 common stock for a combination of shares of Class B-3 common stock and Class C common stock. On May 8, 2026, the public exchange offer closed, and in exchange for its 954 shares of Visa Class B-1 common stock, the Company received 238 shares of Visa Class B-3 common stock and 274 shares of Visa Class C common stock. As a result of the exchange offer, the Company marked its Class C common stock to fair value and recorded a $377 gain in net income based on the conversion privilege of Class C common stock and the closing price of Visa Class A common stock. The $377 gain included $1 in fractional shares that were converted to cash proceeds, which resulted in a carrying value of $376 in the Company’s equity securities portfolio at June 30, 2026. The Company’s Visa Class B-3 common stock will be carried at a $0 cost basis. As a result of the Visa exchange offer, net gains recognized during both the three and six months ended June 30, 2026 on equity securities still held at June 30, 2026 were $377, compared to no gains during the same periods in 2025. There were no gains recognized on the sale of equity securities during the three and six months ended June 30, 2026 and 2025.

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans are comprised of the following:


		June 30,			December 31,
		2026			2025

Residential real estate	$	436,933		$	417,920
Commercial real estate:
Owner-occupied		113,909			114,724
Nonowner-occupied		301,616			269,285
Construction		92,223			86,028
Commercial and industrial		165,867			167,099
Consumer:
Automobile		31,865			37,277
Home equity		54,806			50,605
Other		48,895			53,080
		1,246,114			1,196,018
Less: Allowance for credit losses		(16,610	)		(11,519	)

Loans, net	$	1,229,504		$	1,184,499

At June 30, 2026 and December 31, 2025, net deferred loan origination fees were $596 and $357, respectively. At June 30, 2026 and December 31, 2025, net unaccreted loan purchase discounts were $897 and $833, respectively.

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)

The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of June 30, 2026 and December 31, 2025:


		Loans Past Due		Nonaccrual		Nonaccrual		Total
		90 Days And		Loans With No		Loans With an		Nonaccrual
June 30, 2026		Still Accruing		ACL		ACL		Loans

Residential real estate	$	37	$	-	$	2,093	$	2,093
Commercial real estate:
Owner-occupied		-		4,895		217		5,112
Nonowner-occupied		-		2,164		6,193		8,357
Construction		676		-		-		-
Commercial and industrial		-		912		92		1,004
Consumer:
Automobile		56		-		230		230
Home equity		-		24		275		299
Other		19		-		77		77
Total	$	788	$	7,995	$	9,177	$	17,172


		Loans Past Due		Nonaccrual		Nonaccrual		Total
		90 Days And		Loans With No		Loans With an		Nonaccrual
December 31, 2025		Still Accruing		ACL		ACL		Loans

Residential real estate	$	-	$	324	$	1,758	$	2,082
Commercial real estate:
Owner-occupied		-		679		-		679
Nonowner-occupied		-		4,956		214		5,170
Construction		-		6,000		-		6,000
Commercial and industrial		1,171		942		8		950
Consumer:
Automobile		75		-		172		172
Home equity		-		24		294		318
Other		12		-		103		103
Total	$	1,258	$	12,925	$	2,549	$	15,474

The Company recognized $69 and $77 of interest income in nonaccrual loans during the three and six months ended June 30, 2026, respectively. This is compared to $28 and $46 of interest income in nonaccrual loans during the three and six months ended June 30, 2025, respectively

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)

The following table presents the aging of the recorded investment of past due loans by class of loans as of June 30, 2026 and December 31, 2025:


		30-59		60-89		90 Days
		Days		Days		Or More		Total		Loans Not
June 30, 2026		Past Due		Past Due		Past Due		Past Due		Past Due		Total

Residential real estate	$	3,123	$	1,542	$	895	$	5,560	$	431,373	$	436,933
Commercial real estate:
Owner-occupied		-		201		5,111		5,312		108,597		113,909
Nonowner-occupied		71		-		6,000		6,071		295,545		301,616
Construction		-		-		676		676		91,547		92,223
Commercial and industrial		85		-		999		1,084		164,783		165,867
Consumer:
Automobile		686		217		200		1,103		30,762		31,865
Home equity		381		153		237		771		54,035		54,806
Other		378		154		76		608		48,287		48,895
Total	$	4,724	$	2,267	$	14,194	$	21,185	$	1,224,929	$	1,246,114


		30-59		60-89		90 Days
		Days		Days		Or More		Total		Loans Not
December 31, 2025		Past Due		Past Due		Past Due		Past Due		Past Due		Total

Residential real estate	$	4,656	$	1,523	$	570	$	6,749	$	411,171	$	417,920
Commercial real estate:
Owner-occupied		672		4,711		679		6,062		108,662		114,724
Nonowner-occupied		-		-		-		-		269,285		269,285
Construction		-		-		6,000		6,000		80,028		86,028
Commercial and industrial		248		35		2,113		2,396		164,703		167,099
Consumer:												-
Automobile		918		327		122		1,367		35,910		37,277
Home equity		194		64		149		407		50,198		50,605
Other		581		225		52		858		52,222		53,080
Total	$	7,269	$	6,885	$	9,685	$	23,839	$	1,172,179	$	1,196,018

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, and current economic trends, among other factors. These risk categories are represented by a loan grading scale from 1 through 11. The Company analyzes loans individually with a higher credit risk rating and groups these loans into categories called “criticized” and ”classified” assets. The Company considers its criticized assets to be loans that are graded 8 and its classified assets to be loans that are graded 9 through 11. The Company’s risk categories are reviewed at least annually on loans that have aggregate borrowing amounts that meet or exceed $1,000.

The Company uses the following definitions for its criticized loan risk ratings:

Special Mention. Loans classified as “special mention” are graded 8 and indicate considerable risk due to deterioration of repayment (in the earliest stages) due to potential weak primary repayment source, or payment delinquency. These loans will be under constant supervision, are not classified and do not expose the institution to sufficient risks to warrant classification. These deficiencies should be correctable within the normal course of business, although significant changes in company structure or policy may be necessary to correct the deficiencies. These loans are considered bankable assets with no apparent loss of principal or interest envisioned. The perceived risk in continued lending is considered to have increased beyond the level where such loans would normally be granted.

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)

The Company uses the following definitions for its classified loan risk ratings:

Substandard. Loans classified as “substandard” are graded 9 and represent very high risk, serious delinquency, nonaccrual, or unacceptable credit. Repayment through the primary source of repayment is in jeopardy due to the existence of one or more well-defined weaknesses, and the collateral pledged may inadequately protect collection of the loans. Loss of principal is not likely if weaknesses are corrected, although financial statements normally reveal significant weakness. Loans are still considered collectible, although loss of principal is more likely than with special mention loans. Collateral liquidation is considered likely to satisfy debt.

Doubtful. Loans classified as “doubtful” are graded 10 and display a high probability of loss, although the amount of actual loss at the time of classification is undetermined. This classification should be temporary until such time that actual loss can be identified, or improvements are made to reduce the seriousness of the classification. These loans exhibit all substandard characteristics with the addition that weaknesses make collection or liquidation in full highly questionable and improbable. This classification consists of loans where the possibility of loss is high after collateral liquidation based upon existing facts, market conditions, and value. Loss is deferred until certain important and reasonable specific pending factors that may strengthen the credit can be more accurately determined. These factors may include proposed acquisitions, liquidation procedures, capital injection, receipt of additional collateral, mergers, or refinancing plans. A doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded substandard.

Loss. Loans classified as “loss” are graded 11 and are considered uncollectible and are of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the credit has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset yielding such a minimum value even though partial recovery may be affected in the future. Amounts classified as loss should be promptly charged off.

As of June 30, 2026 and December 31, 2025, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Commercial real estate:
Owner-occupied
Risk Rating
Pass	$	4,139	$	34,073	$	12,914	$	15,568	$	6,393	$	29,961	$	3,675	$	106,723
Special Mention		2,075		-		-		-		-		-		-		2,075
Substandard		-		-		-		-		-		5,111		-		5,111
Doubtful		-		-		-		-		-		-		-		-
Total	$	6,214	$	34,073	$	12,914	$	15,568	$	6,393	$	35,072	$	3,675	$	113,909

Current Period gross charge-offs	$	-	$	-	$	-	$	6	$	-	$	49	$	-	$	55

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Commercial real estate:
Nonowner-occupied
Risk Rating
Pass	$	26,130	$	65,352	$	36,494	$	26,905	$	36,521	$	92,721	$	8,978	$	293,101
Special Mention		-		-		-		-		-		-		-		-
Substandard		350		-		-		2,165		6,000		-		-		8,515
Doubtful		-		-		-		-		-		-		-		-
Total	$	26,480	$	65,352	$	36,494	$	29,070	$	42,521	$	92,721	$	8,978	$	301,616

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Commercial real estate:
Construction
Risk Rating
Pass	$	10,741	$	34,498	$	13,375	$	8,801	$	14,180	$	3,251	$	6,701	$	91,547
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		676		676
Doubtful		-		-		-		-		-		-		-		-
Total	$	10,741	$	34,498	$	13,375	$	8,801	$	14,180	$	3,251	$	7,377	$	92,223

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Commercial and industrial
Risk Rating
Pass	$	4,159	$	25,467	$	6,516	$	5,278	$	18,294	$	57,904	$	34,323	$	151,941
Special Mention		-		-		-		-		-		-		2,820		2,820
Substandard		-		-		380		-		75		5,913		4,738		11,106
Doubtful		-		-		-		-		-		-		-		-
Total	$	4,159	$	25,467	$	6,896	$	5,278	$	18,369	$	63,817	$	41,881	$	165,867

Current Period gross charge-offs	$	-	$	38	$	-	$	2	$	-	$	1	$	-	$	41

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Commercial real estate:
Owner-occupied
Risk Rating
Pass	$	33,907	$	13,312	$	18,663	$	6,468	$	5,279	$	15,235	$	1,574	$	94,438
Special Mention		-		-		-		-		12,260		-		-		12,260
Substandard		-		-		-		-		4,191		2,036		1,799		8,026
Doubtful		-		-		-		-		-		-		-		-
Total	$	33,907	$	13,312	$	18,663	$	6,468	$	21,730	$	17,271	$	3,373	$	114,724

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Commercial real estate:
Nonowner-occupied
Risk Rating
Pass	$	54,962	$	35,753	$	25,438	$	37,616	$	29,092	$	68,754	$	6,932	$	258,547
Special Mention		-		-		1,603		-		-		-		-		1,603
Substandard		-		-		4,956		963		-		3,216		-		9,135
Doubtful		-		-		-		-		-		-		-		-
Total	$	54,962	$	35,753	$	31,997	$	38,579	$	29,092	$	71,970	$	6,932	$	269,285

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Commercial real estate:
Construction
Risk Rating
Pass	$	34,799	$	12,252	$	9,561	$	14,222	$	1,203	$	2,384	$	4,300	$	78,721
Special Mention		-		-		-		-		-		19		-		19
Substandard		-		-		612		6,000		-		-		676		7,288
Doubtful		-		-		-		-		-		-		-		-
Total	$	34,799	$	12,252	$	10,173	$	20,222	$	1,203	$	2,403	$	4,976	$	86,028

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Commercial and Industrial
Risk Rating
Pass	$	28,717	$	8,759	$	5,519	$	20,266	$	22,949	$	38,192	$	27,598	$	152,000
Special Mention		-		-		-		-		-		-		2,550		2,550
Substandard		-		380		469		33		141		6,293		5,233		12,549
Doubtful		-		-		-		-		-		-		-		-
Total	$	28,717	$	9,139	$	5,988	$	20,299	$	23,090	$	44,485	$	35,381	$	167,099

Current Period gross charge-offs	$	-	$	45	$	-	$	12	$	58	$	-	$	45	$	160

The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of June 30, 2026 and December 31, 2025:


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Residential Real Estate
Payment Performance
Performing	$	38,609	$	73,640	$	60,692	$	47,098	$	32,349	$	150,496	$	31,919	$	434,803
Nonperforming		-		-		39		112		326		1,653		-		2,130
Total	$	38,609	$	73,640	$	60,731	$	47,210	$	32,675	$	152,149	$	31,919	$	436,933

Current Period gross charge-offs	$	-	$	-	$	58	$	-	$	-	$	24	$	-	$	82


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Consumer:
Automobile
Payment Performance
Performing	$	5,635	$	7,862	$	5,624	$	7,026	$	4,320	$	1,112	$	-	$	31,579
Nonperforming		3		87		42		43		82		29		-		286
Total	$	5,638	$	7,949	$	5,666	$	7,069	$	4,402	$	1,141	$	-	$	31,865

Current Period gross charge-offs	$	-	$	64	$	98	$	61	$	37	$	2	$	-	$	262

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Consumer:
Home Equity
Payment Performance
Performing	$	86	$	91	$	100	$	106	$	-	$	-	$	54,124	$	54,507
Nonperforming		-		-		-		-		-		-		299		299
Total	$	86	$	91	$	100	$	106	$	-	$	-	$	54,423	$	54,806

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	44	$	44


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
June 30, 2026		2026		2025		2024		2023		2022		Prior		Cost Basis		Total

Consumer:
Other
Payment Performance
Performing	$	7,928	$	12,298	$	4,658	$	4,263	$	3,360	$	3,325	$	12,967	$	48,799
Nonperforming		1		23		20		36		1		15		-		96
Total	$	7,929	$	12,321	$	4,678	$	4,299	$	3,361	$	3,340	$	12,967	$	48,895

Current Period gross charge-offs	$	342	$	42	$	70	$	56	$	9	$	11	$	148	$	678


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Residential Real Estate
Payment Performance
Performing	$	70,687	$	63,505	$	51,608	$	34,817	$	41,803	$	119,416	$	34,002	$	415,838
Nonperforming		-		415		201		430		26		1,010		-		2,082
Total	$	70,687	$	63,920	$	51,809	$	35,247	$	41,829	$	120,426	$	34,002	$	417,920

Current Period gross charge-offs	$	-	$	100	$	-	$	15	$	23	$	15	$	-	$	153

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Consumer:
Automobile
Payment Performance
Performing	$	10,413	$	7,814	$	9,907	$	6,831	$	1,672	$	393	$	-	$	37,030
Nonperforming		32		63		46		106		-		-		-		247
Total	$	10,445	$	7,877	$	9,953	$	6,937	$	1,672	$	393	$	-	$	37,277

Current Period gross charge-offs	$	34	$	251	$	338	$	118	$	12	$	16	$	-	$	769


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Consumer:
Home Equity
Payment Performance
Performing	$	-	$	4	$	19	$	-	$	100	$	140	$	50,024	$	50,287
Nonperforming		-		-		-		-		-		-		318		318
Total	$	-	$	4	$	19	$	-	$	100	$	140	$	50,342	$	50,605

Current Period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	31


														Revolving
														Loans
	Term Loans Amortized Costs Basis by Origination Year													Amortized
December 31, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		Total

Consumer:
Other
Payment Performance
Performing	$	11,889	$	12,012	$	6,005	$	4,696	$	3,425	$	1,535	$	13,403	$	52,965
Nonperforming		3		40		23		23		7		19		-		115
Total	$	11,892	$	12,052	$	6,028	$	4,719	$	3,432	$	1,554	$	13,403	$	53,080

Current Period gross charge-offs	$	346	$	148	$	162	$	76	$	73	$	29	$	376	$	1,210

The Company originates residential, consumer, and commercial loans to customers located primarily in the southeastern areas of Ohio as well as the western counties of West Virginia. Approximately 3.47% of total loans were unsecured at June 30, 2026, down from 3.73% at December 31, 2025

Modifications to Borrowers Experiencing Financial Difficulty:

Occasionally, the Company modifies loans to borrowers experiencing financial difficulty. These modifications may include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a reduction in the contractual principal and interest payments of the loan; or short-term interest-only payment terms.

NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES (Continued)

During the three and six months ended June 30, 2026 and 2025, the Company experienced no new modifications to borrowers experiencing financial difficulty.

The following table presents the activity in the ACL by portfolio segment for the three months ended June 30, 2026 and 2025:


		Residential			Commercial		Commercial
June 30, 2026		Real Estate			Real Estate		and Industrial			Consumer			Total
Allowance for credit losses:
Beginning balance	$	2,316		$	7,275	$	1,650		$	1,702		$	12,943
Provision for credit losses		26			835		3,006			(52	)		3,815
Loans charged off		(10	)		-		(38	)		(455	)		(503	)
Recoveries		14			-		2			339			355
Total ending allowance balance	$	2,346		$	8,110	$	4,620		$	1,534		$	16,610


		Residential			Commercial		Commercial
June 30, 2025		Real Estate			Real Estate		and Industrial		Consumer			Total
Allowance for credit losses:
Beginning balance	$	2,693		$	3,789	$	1,705	$	1,952		$	10,139
Provision for credit losses		171			421		70		371			1,033
Loans charged-off		(11	)		-		-		(611	)		(622	)
Recoveries		20			18		60		208			306
Total ending allowance balance	$	2,873		$	4,228	$	1,835	$	1,920		$	10,856

The following table presents the activity in the ACL by portfolio segment for the six months ended June 30, 2026 and 2025:


		Residential			Commercial			Commercial
June 30, 2026		Real Estate			Real Estate			and Industrial			Consumer			Total
Allowance for credit losses:
Beginning balance	$	2,793		$	5,331		$	1,738		$	1,657		$	11,519
Provision for credit losses		(395	)		2,834			2,905			173			5,517
Loans charged off		(82	)		(55	)		(41	)		(984	)		(1,162	)
Recoveries		30			-			18			688			736
Total ending allowance balance	$	2,346		$	8,110		$	4,620		$	1,534		$	16,610


		Residential			Commercial			Commercial
June 30, 2025		Real Estate			Real Estate			and Industrial			Consumer			Total
Allowance for credit losses:
Beginning balance	$	2,684		$	3,653		$	1,536		$	2,215		$	10,088
Provision for credi losses		167			557			343			442			1,509
Loans charged-off		(16	)		-			(160	)		(1,137	)		(1,313	)
Recoveries		38			18			116			400			572
Total ending allowance balance	$	2,873		$	4,228		$	1,835		$	1,920		$	10,856

The following table presents the amortized cost basis of collateral dependent loans by class of loans as of June 30, 2026 and December 31, 2025:


	Collateral Type
June 30, 2026		Real Estate		Business Assets		Total
Residential real estate	$	384	$	-	$	384
Commercial real estate:
Owner-occupied		4,747		148		4,895
Non-owner-occupied		8,515		-		8,515
Construction		676		-		676
Commercial and Industrial		627		4,491		5,118
Consumer:
Automobile		-		-		-
Home equity		397		-		397
Other		-		-		-
Total collateral dependent loans	$	15,346	$	4,639	$	19,985

	Collateral Type
December 31, 2025		Real Estate		Business Assets		Total
Residential real estate	$	1,301	$	544	$	1,845
Commercial real estate:
Owner-occupied		4,885		140		5,025
Non-Owner-occupied		5,062		-		5,062
Construction		7,288		-		7,288
Commercial & Industrial		543		1,257		1,800
Consumer:
Automobile		-		14		14
Home equity		75		-		75
Other		39		21		60
Total collateral dependent loans	$	19,193	$	1,976	$	21,169

The recorded investment of a loan excludes accrued interest and net deferred origination fees and costs due to immateriality.

Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified as impaired loans.

The Company transfers loans to OREO, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through legal title or through a deed in lieu). The Company had no OREO for residential real estate properties at June 30, 2026 and December 31, 2025. In addition, nonaccrual residential mortgage loans that are in the process of foreclosure had a recorded investment of $784and $788 as of June 30, 2026 and December 31, 2025, respectively.

NOTE 5 – FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK

The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit, and financial guarantees written, is represented by the contractual amount of those instruments. The contract amounts of these instruments are not included in the consolidated financial statements. At June 30, 2026, the contract amounts of these instruments totaled approximately $228,736, compared to $226,570 at December 31, 2025. The Bank estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit. At June 30, 2026, the estimated ACL related to off-balance sheet commitments was $731, compared to $871 at December 31, 2025. This includes provision expense recoveries of $60 and $140 during the three and six months ended June 30, 2026, compared to $115 and $55 in provision expense during the three and six months ended June 30, 2025, respectively. The Bank uses the same credit policies in making commitments and conditional obligations as it does for instruments recorded on the balance sheet. Since many of these instruments are expected to expire without being drawn upon, the total contract amounts do not necessarily represent future cash requirements.[-- End "Note 5. Financial Instruments with off-Balance Sheet Risk" Segment --][-- Start "Note 6. Other Borrowed Funds Q1" Segment --]

NOTE 6 - OTHER BORROWED FUNDS

Other borrowed funds at June 30, 2026 and December 31, 2025 are comprised of advances from the Federal Home Loan Bank (“FHLB”) of Cincinnati and promissory notes.


		FHLB		Promissory
		Borrowings		Notes		Totals

June 30, 2026	$	39,656	$	2,166	$	41,822
December 31, 2025	$	42,247	$	2,601	$	44,848

Pursuant to collateral agreements with the FHLB, advances are secured by $427,646 in qualifying mortgage loans, $31,972 in commercial loans and $3,118 in FHLB stock at June 30, 2026. Fixed-rate FHLB advances of $39,656 mature through 2042 and have interest rates ranging from 1.53% to 4.91% and a year-to-date weighted average cost of 3.99% at June 30, 2026 and 4.03% at December 31, 2025. There were no variable-rate FHLB borrowings at June 30, 2026.

At June 30, 2026, the Company had a cash management line of credit enabling it to borrow up to $100,000 from the FHLB, subject to the stock ownership and collateral limitations described below. All cash management advances have an original maturity of 90 days. The line of credit must be renewed on an annual basis. There was $100,000 available on this line of credit at June 30, 2026.

Based on the Company's current FHLB stock ownership, total assets and pledgeable loans, the Company had the ability to obtain borrowings from the FHLB up to a maximum of $267,679 at June 30, 2026. Of this maximum borrowing capacity, the Company had $170,848 available to use as additional borrowings, of which $170,848 could be used for short term, cash management advances, as mentioned above. Furthermore, the Company pledged collateral to the FRB to establish a borrowing line, which had availability of $35,665 at June 30, 2026.

At June 30, 2026, the Company had a federal funds line of credit with two correspondent banks totaling $25,000. The lines of credit are not committed and are provided at the discretion of the correspondent bank. No collateral has been pledged to the lines of credit. Any advance is due to be repaid the next business day. At June 30, 2026, there was $25,000 available on these lines of credit.

Promissory notes, issued primarily by Ohio Valley, are due at various dates through a final maturity date of March 11, 2027, and have fixed rates of 4.25% and a year-to-date weighted average cost of 4.43% at June 30, 2026, as compared to 4.49% at December 31, 2025. At June 30, 2026, there were five promissory notes payable by Ohio Valley to related parties totaling $2,166, as compared to six promissory notes totaling $2,601 at December 31, 2025. There were no promissory notes payable to other banks at June 30, 2026 and December 31, 2025, respectively.

Letters of credit issued on the Bank’s behalf by the FHLB to collateralize certain public unit deposits as required by law totaled $57,175at June 30, 2026 and $52,000 at December 31, 2025.

Scheduled principal payments as of June 30, 2026:


		FHLB		Promissory
		Borrowings		Notes		Totals

2026	$	10,740	$	431	$	11,171
2027		21,396		1,735		23,131
2028		1,349		-		1,349
2029		1,319		-		1,319
2030		1,599		-		1,599
Thereafter		3,253		-		3,253
	$	39,656	$	2,166	$	41,822

NOTE 7 – LEASES

Substantially all of the Company’s operating lease right-of-use (“ROU”) assets and operating lease liabilities represent leases for branch buildings and office space to conduct business. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheet. The lease expense for these leases is recorded on a straight-line basis over the lease term. Leases with initial terms in excess of 12 months are recorded as either operating or financing leases on the consolidated balance sheet. The Company has no finance lease arrangements. Operating leases have remaining lease terms ranging from 4.1 years to 15.1 years, some of which include options to extend the leases for up to 15 years. Operating lease ROU assets and operating lease liabilities are valued based on the present value of future minimum lease payments, discounted with an incremental borrowing rate for the same term as the underlying lease. The Company has one lease arrangement that contains variable lease payments that are adjusted periodically for an index.

Balance sheet information related to leases is as follows:

		As of		As of
		June 30,		December 31,
		2026		2025
Operating leases:
Operating lease right-of-use assets	$	1,408	$	923
Operating lease liabilities		1,408		923

The components of lease cost were as follows:


	Three months ended				Six months ended
	June 30,				June 30,
		2026		2025		2026		2025
Operating lease cost	$	49	$	49	$	103	$	98
Short-term lease expense		2		2		2		9

Future undiscounted lease payments for operating leases with initial terms of one year or more as of June 30, 2026 are as follows:

		Operating
		Leases
2026 (remaining)	$	90
2027		181
2028		183
2029		183
2030		175
Thereafter		1,096
Total lease payments		1,908
Less: Imputed Interest		(500	)
Total operating leases	$	1,408

Other information was as follows:

	As of		As of
	June 30,		December 31,
	2026		2025
Weighted-average remaining lease term for operating leases	11.5 years		10.7 years
Weighted-average discount rate for operating leases	3.53	%	2.85	%

NOTE 8 – RISKS AND UNCERTAINTIES

The risks pertinent to the Bank regarding liquidity and rising deposit costs have increased due to an elevated interest rate environment and increased deposit competition within our markets. Our liquidity position is supported by the management of liquid assets such as cash and interest-bearing deposits with banks, and liabilities such as core deposits. The Bank can also access other sources of funds such as brokered deposits and FHLB advances. With the present economic conditions putting a strain on liquidity and higher borrowing costs, the Company believes it has sufficient liquid assets and funding sources should there be a liquidity need.

NOTE 9 – DEPOSITS

Deposits are comprised of the following:

		June 30,		December 31,
		2026		2025

Noninterest-bearing deposits	$	319,288	$	314,131

Interest-bearing deposits:
Negotiable order of withdrawal accounts		222,929		218,432
Savings and money market		333,339		307,368
Time deposits of $250 or less		419,587		394,183
Time deposits of more than $250		113,285		95,553
Total interest-bearing deposits		1,089,140		1,015,536

Total deposits	$	1,408,428	$	1,329,667

Brokered deposits, included in time deposits, were $45,754 and $61,464 at June 30, 2026 and December 31, 2025, respectively.

NOTE 10 – REVENUE FROM CONTRACTS WITH CUSTOMERS

Revenue is segregated based on the nature of products and services offered as part of contractual arrangements. Revenue from contracts with customers within the scope of ASC 606 is broadly segregated within the following noninterest income categories:

• Service charges on deposit accounts – These include general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer, or overdraft activities. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services.

• Trust fees - This includes periodic fees due from trust customers for managing the customers' financial assets. Fees are generally charged on a quarterly or annual basis and are recognized ratably throughout the period, as the services are provided on an ongoing basis.

• Electronic refund check/deposit fees – A tax refund clearing agreement between the Bank and a tax refund processor requires the Bank to process electronic refund checks and electronic refund deposits presented for payment on behalf of taxpayers through accounts containing taxpayer refunds. The Bank, in turn, receives a fee paid by the third-party tax refund processor for each transaction that is processed. The amount of fees received is tiered based on the tax refund product selected. Since the Bank acts as a sub servicer in the tax process relationship, a portion of the fee collected is passed on to the tax refund processor. The tax refund clearing agreement, and associated revenue recognized, ended in 2025.

• Debit/credit card interchange income – This includes interchange income from cardholder transactions conducted with merchants, throughout various interchange networks with which the Company participates. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, as transaction processing services are provided to the deposit customer. Gross fees from interchange are recorded in operating income separately from gross network costs, which are recorded in operating expense.

• Tax preparation fees – This includes fees received by tax preparation customers of Loan Central as part of the Bank’s Tax Refund Advance Loans ("TAL") business. After Loan Central prepares a customer’s tax return, the customer is offered the opportunity to have immediate access to a portion of the anticipated tax refund by entering into a TAL with the Bank. As part of the process, the tax customer completes a loan application and authorizes the expected tax refund to be deposited with the Bank once it is issued by the IRS. Once the Bank receives the tax refund, the refund is used to repay the TAL and Loan Central’s tax preparation fees, then the remainder of the refund is remitted to Loan Central’s tax customer.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(dollars in thousands, except share and per share data)

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this quarterly report on Form 10-Q (the “report”) and other publicly available documents incorporated herein by reference constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as defined in the Private Securities Litigation Reform Act of 1995. Such statements are often, but not always, identified by the use of such words as “believes,” “anticipates,” “expects,” “intends,” “plans,” “goals,” “seeks,” “projects,” “estimates,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and other similar expressions. Such statements involve various important assumptions, risks, uncertainties, and other factors, many of which are beyond our control, particularly with regard to developments related to the current economic and geopolitical landscape, and which could cause actual results to differ materially from those expressed in such forward looking statements. However, it is difficult to predict the effect of known factors, and Ohio Valley Banc Corp. (“Ohio Valley”) cannot anticipate all factors that could affect future results. Important factors that could cause actual results to differ materially from expectations expressed in or implied in forward looking statements include, but are not limited to: the effects of fluctuating interest rates on our customers’ operations and financial condition; changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, tariffs, the effects of implementation of legislation and the continuing economic uncertainty in various parts of the world; competitive pressures; the level of defaults and prepayment on loans made by Ohio Valley and its direct and indirect subsidiaries (collectively, the “Company”); unanticipated litigation, claims, or assessments; fluctuations in the cost of obtaining funds to make loans; and regulatory changes. Additional detailed information concerning such factors is available in the Company’s filings with the Securities and Exchange Commission, under the Exchange Act, including the disclosure under the heading “Item 1A. Risk Factors” of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and elsewhere in this document (including, without limitation, in conjunction with the forward looking statements themselves and under the heading “Critical Accounting Estimates”). All forward looking statements are qualified in their entirety by these and other cautionary statements that the Company makes from time to time in its other SEC filings and public communications. Readers are cautioned not to place undue reliance on such forward looking statements, which speak only as of the date hereof. The Company undertakes no obligation and disclaims any duty to update or revise any forward looking statements, whether as a result of new information, unanticipated future events or otherwise, except as required by applicable law.

BUSINESS OVERVIEW: The following discussion on consolidated financial statements includes the accounts of Ohio Valley and its wholly-owned subsidiaries, The Ohio Valley Bank Company (the “Bank”), Loan Central, Inc., a consumer finance company (“Loan Central”), and Ohio Valley Financial Services Agency, LLC, an insurance agency. The Bank has one active, wholly-owned subsidiary, Ohio Valley REO, LLC, an Ohio limited liability company.

The Company is primarily engaged in commercial and retail banking, offering a blend of commercial and consumer banking services within southeastern Ohio as well as western West Virginia. The banking services offered by the Bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal and commercial loans; the making of construction and real estate loans; and credit card services. The Bank also offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. Furthermore, the Bank offers Tax Refund Advance Loans (“TALs”) to Loan Central tax customers. A TAL represents a short-term loan offered by the Bank to tax preparation customers of Loan Central.

FINANCIAL RESULTS OVERVIEW: Net income totaled $2,927 during the second quarter of 2026, a decrease of $1,283 from the same period in 2025. Earnings per share for the second quarter of 2026 finished at $.62 per share, compared to $.89 per share during the second quarter of 2025. Net income totaled $7,224 during the first six months of 2026, a decrease of $1,392 from the same period in 2025. Earnings per share during the first six months of 2026 finished at $1.53 per share, compared to $1.83 per share during the first six months of 2025. Lower net earnings had a corresponding impact on the Company’s annualized net income to average asset ratio, or return on assets, which decreased 42 basis points to 0.70% during the second quarter of 2026, and decreased 27 basis points to 0.89% during the first six months of 2026, compared to the same periods in 2025. In addition, the Company’s net income to average equity ratio, or return on equity, decreased 397 basis points to 6.82% during the second quarter of 2026, and decreased 282 basis points to 8.48% during the first six months of 2026, compared to the same periods in 2025.

Lower earnings during the three and six months ended June 30, 2026 compared to the same periods in 2025 were primarily impacted by higher provision expense caused by the collateral impairments of two commercial loan relationships. These collateral deficiencies required specific reserve allocations that contributed to most of the $2,607 and $3,813 increases in provision expense during the three and six months ended June 30, 2026 compared to the same periods in 2025. Lower earnings were also impacted by growth in noninterest expense, increasing $196 and $679 during the three and six months ended June 30, 2026 compared to the same periods in 2025. Noninterest expense was impacted by higher salaries and employee benefit costs, software and other noninterest expense, partially offset by lower data processing costs. These negative factors were partially offset by growth in net interest and noninterest income, which collectively increased $1,201 and $2,591 during the three and six months ended June 30, 2026 compared to the same periods in 2025. Net interest income grew in large part due to a 12.6% and 10.6% increase in average earning assets during the three and six months ended June 30, 2026, coming primarily from loans. The impacts from earning asset growth were partially offset by decreases in the net interest margin during both the quarterly and year-to-date periods, impacted by higher funding costs. The improvement in noninterest income occurred primarily during the second quarter of 2026 with $377 in unrealized gains earned on equity securities as part of the Company’s participation in the Visa Inc. exchange offer. This contributed to a $338 increase in quarterly noninterest income, while allowing year-to-date noninterest income to finish relatively stable with the prior year-to-date, decreasing by just $20.

During the three and six months ended June 30, 2026, net interest income increased $863, or 5.9%, and $2,611, or 9.4%, over the same periods in 2025. The increases were primarily related to a $177,570 and $149,285 increase in average earning assets during the quarterly and year-to-date periods. This was led mostly by a 14.7% and 14.4% increase in average loans during the three and six months ended June 30, 2026 compared to the same periods in 2025. The growth in average loans was related to the commercial and residential real estate lending segments. The emphasis on higher-yielding loan growth during the first half of 2026 contributed to lower average securities during the three and six months ended June 30, 2026. The decrease in average securities was also impacted by a reduced need for securities to be pledged as collateral to secure public fund deposits. Net interest earnings were negatively affected by a lower net interest margin, which decreased 24 basis points during the second quarter of 2026, and decreased 4 basis points during the first half of 2026, compared to the same periods in 2025. Margin contraction, especially during the quarter, was largely impacted by the effects of an $817 market discount on purchased loans that was recorded to interest income during the second quarter of 2025 compared to no market discount income during 2026. Margin decreases were also impacted by the cost of funding sources increasing at a greater pace than the yield on earning assets. The cost of funding sources increased as the composition of funding sources shifted to higher cost certificates of deposit (“CDs”) from promotional offerings, and higher money market accounts from individual and business customers.

During the three and six months ended June 30, 2026, the Company’s provision for credit loss expense increased $2,607 and $3,813, when compared to the same periods in 2025. The increase resulted primarily from $4,531 and $6,561 in specific allocations on two collateral dependent loans during the three and six months ended June 30, 2026. These increases in reserves were partially offset by a net decrease in modeled loss rates and a decrease in certain qualitative risk factors and lower net charge offs.

During the three months ended June 30, 2026, noninterest income increased $338, or 11.9%, over the same period in 2025, while decreasing $20, or 0.3%, during the six months ended June 30, 2026 from the same period in 2025. The quarterly increase was driven by $377 in unrealized gains on equity securities. This was from the Company’s participation in the Visa Inc. exchange offer during the second quarter of 2026 to exchange its Visa B-1 shares for a mix of Visa B-3 and Class C common stock, with the Class C common stock being marked to fair value resulting in the gains on equity securities previously mentioned. Further increases to noninterest income came from higher debit and credit card interchange income, and bank owned life insurance ("BOLI") and annuity asset income, which collectively increased $69 and $293 during the three and six months ended June 30, 2026 compared to the same periods in 2025. Decreases to noninterest income came primarily from electronic refund check and deposit fees, which decreased $135 and $675 during the three and six months ended June 30, 2026 compared to the same periods in 2025. This was due to the expiration of a tax processing agreement with a third party.

During the three and six months ended June 30, 2026, noninterest expense increased $196, or 1.8%, and $679, or 3.1%, over the same periods in 2025. Noninterest expense was impacted mostly by salaries and employee benefits, which increased $359 and $694 during the three and six months ended June 30, 2026 over the same periods in 2025 due to annual merit increases and higher health insurance premiums. Other noninterest expense was up $251 and $278 during the three and six months ended June 30, 2026 over the same periods in 2025 due to higher state taxes, loan costs, and other miscellaneous expenses associated with troubled credits. Also increasing was software expense and FDIC insurance, which were collectively up $151 and $341 during the three and six months ended June 30, 2026 over the same periods in 2025. Software costs increased due to the investment in software to enhance internal processes, while FDIC premiums increased due to a higher assessment base and an increase in the assessment rate in relation to higher nonperforming loans. Partially offsetting increases in noninterest expense were lower data processing expenses, which decreased $605 and $619 during the three and six months ended June 30, 2026 over the same periods in 2025. This was due to a $544 recovery from a vendor in the second quarter of 2026 for a billing error.

The $319 and $509 decreases in the Company’s provision for income taxes during the three and six months ended June 30, 2026, compared to the same periods in 2025, were largely due to the decrease in operating income affected by the factors mentioned above, as well as a decrease in the effective tax rate.

At June 30, 2026, total assets were $1,661,436, an increase of $78,782 from year-end 2025. The increase in assets was primarily the result of a $50,096 increase in loans, and a $31,513 increase in interest-bearing deposits with banks. Loan growth was led by a 5.7% increase in the Company’s commercial loan portfolio, and a 4.5% increase in the Company’s residential real estate loan portfolio. The increase in interest-bearing deposits with banks was primarily associated with balances maintained at the Federal Reserve Bank (“FRB”) that were impacted by the year-to-date growth in both interest- and noninterest-bearing deposit liabilities.

At June 30, 2026, total liabilities were $1,488,050, up $75,653 from year-end 2025. Contributing most to this increase were higher interest-bearing deposit balances, up $73,604 from year-end 2025, consisting of higher balances from time deposits (+8.8%) and savings, negotiable order of withdrawal ("NOW") and money market balances (+5.8%), while noninterest-bearing demand deposits increased 1.6% from year-end 2025.

At June 30, 2026, total shareholders' equity was $173,386, up $3,129 from December 31, 2025. This increase consisted of year-to-date net income being partially offset by year-to-date cash dividends paid and an after-tax increase in net unrealized losses on AFS securities. Regulatory capital ratios of the Company remained higher than the "well capitalized" minimums.

Comparison of Financial Condition
at June 30, 2026 and December 31, 2025

The following discussion focuses in more detail on the consolidated financial condition of the Company at June 30, 2026 compared to December 31, 2025. This discussion should be read in conjunction with the interim consolidated financial statements and the notes included in this Form 10‑Q.

Cash and Cash Equivalents

At June 30, 2026, cash and cash equivalents were $78,084, an increase of $32,187, or 70.1%, from December 31, 2025. The increase came primarily from interest-bearing deposits with banks, which were up $31,513, or 101.5%, from year-end 2025. The Company’s interest-bearing FRB clearing account contributed most to the increase in interest-bearing deposits with banks, representing 80% of cash and cash equivalents at June 30, 2026. The Company utilizes its interest-bearing FRB clearing account to manage excess funds, as well as to assist in funding earning asset growth. The increase in excess funds during the first half of 2026 resulted primarily from growth in total deposits, which were up 5.9% from year-end 2025. The interest rate paid on both the required and excess reserve balances of the FRB is based on the targeted federal funds rate established by the Federal Open Market Committee (“FOMC”). During the first half of 2026, the FOMC took no action to reduce the targeted federal funds rate, which remains at a target range of 3.50% to 3.75%. The interest-bearing deposit balances in the FRB are 100% secured by the U.S. Government.

As liquidity levels continuously vary based on consumer activities, amounts of cash and cash equivalents can vary widely at any given point in time. The Company’s focus during periods of heightened liquidity will be to invest excess funds into longer-term, higher-yielding assets, primarily loans, when opportunities arise.

Securities

The balance of total investment securities decreased $3,342, or 1.3% from year-end 2025. The decrease came mostly from U.S. Government and U.S. Government agency (“Agency”) mortgage-backed securities, which were collectively down $3,654, or 1.5%, from year-end 2025. During the first half of 2026, total purchases, net of maturities, for both U.S. Government and Agency mortgage-backed securities totaled $17,152. This was completely offset by $19,189 in principal repayments coming mostly from Agency mortgage-backed securities. The monthly repayment of principal has been the primary advantage of Agency mortgage-backed securities as compared to other types of investment securities, which deliver proceeds upon maturity or call date. At June 30, 2026, the Company’s investment securities portfolio was comprised mostly of Agency mortgage-backed securities at 63.0% of total investments, while U.S. Government securities represented 32.7%.

Included in the factors mentioned above were changes in net unrealized losses associated with AFS debt securities. During the first half of 2026, an increase in long-term market rates led to a $2,352 decrease in the fair value associated with the Company’s AFS securities at June 30, 2026. The fair value of an investment security moves inversely to interest rates, so as rates increased, the fair value decreased, causing the unrealized loss in the portfolio to increase. These changes in rates are typical and do not impact earnings of the Company as long as the securities are held to full maturity.

Also included in total investment securities were marketable equity securities of $376 at June 30, 2026. During the second quarter of 2026, the Company participated in an exchange offer initiated by Visa, Inc., where 954 Visa Class B-1 shares were tendered by the Company in exchange for a mix of Visa Class B-3 and Class C common stock. The Company then marked its Visa Class C common stock to fair value based on the Visa Class A common stock market price as of the exchange date of May 8, 2026. Prior to the exchange offer, the Company’s Class B-1 shares were not marketable and were carried at a $0 cost basis. This initial fair value adjustment of the Company’s Visa Class C common stock resulted in a $349 increase to equity securities. The Company followed with another fair value adjustment at June 30, 2026 that resulted in a $27 increase to equity securities. The changes in fair value from equity securities were recognized in net income.

Loans

The loan portfolio represents the Company’s largest asset category and is its most significant source of interest income. Loan segments have been identified as Commercial Real Estate, Commercial and Industrial, Residential Real Estate, and Consumer.

Commercial real estate consists of owner-occupied, nonowner-occupied and construction loans. Owner-occupied loans consist of nonfarm, nonresidential properties. A commercial owner-occupied loan is a borrower-purchased building or space for which the repayment of principal is dependent upon cash flows from the ongoing operations conducted by the party, or an affiliate of the party, who owns the property. Owner-occupied loans of the Company include loans secured by hospitals, churches, and hardware and convenience stores. Nonowner-occupied loans are property loans for which the repayment of principal is dependent upon rental income associated with the property or the subsequent sale of the property, such as apartment buildings, condominiums, hotels, and motels. These loans are primarily impacted by the level of interest rates associated with the debt and by local economic conditions, which dictate occupancy rates and the amount of rent charged. The increase in debt service due to higher interest rates may not be able to be passed on to tenants. As part of the origination process, loan interest rates and occupancy rates are stressed to determine the impact on the borrower’s ability to maintain adequate debt service under different economic conditions. Furthermore, the Company monitors the concentration in any one industry and has established limits relative to capital. In addition, credit quality trends are monitored by industry to determine if a change in the risk exposure to a certain industry may warrant a change in our underwriting standards. Table I has been provided to illustrate the industry composition of the commercial real estate portfolio. Commercial construction loans are extended to individuals as well as corporations for the construction of an individual property or multiple properties and are secured by raw land and the subsequent improvements. Commercial real estate also includes loan participations with other banks outside the Company’s primary market area. Although the Company is not actively seeking to participate in loans originated outside its primary market area, it has taken advantage of the relationships it has with certain lenders in those areas where the Company believes it can profitably participate with an acceptable level of risk.

Commercial and industrial loans consist of loans to corporate borrowers primarily in small to mid-sized industrial and commercial companies that include service, retail, and wholesale merchants. Collateral securing these loans includes equipment, inventory, and stock.

Residential real estate loans consist of loans to individuals for the purchase of 1-4 family primary residences with repayment primarily through wage or other income sources of the individual borrower. The Company’s loss exposure to these loans is dpendent on local market conditions for residential properties as loan amounts are determined, in part, by the fair value of the property at origination.

COMMERCIAL REAL ESTATE BY INDUSTRY

As of June 30, 2026

Table I

The following table provides the composition of commercial real estate loans by industry classification (as defined by the North American Industry Classification System).


dollars in thousands)
		Amount	% of Total
Real Estate Rental and Leasing.	$	275,852	54.33	%
Accommodation and Food Services		76,917	15.15	%
Retail Trade		40,340	7.94	%
Health Care and Social Assistance		23,706	4.67	%
Manufacturing		19,515	3.84	%
Construction		16,545	3.26	%
All Other		54,873	10.81	%
Total	$	507,748	100.00	%

Consumer loans are primarily secured by automobiles, mobile homes, recreational vehicles, and other personal property. Personal loans and unsecured credit card receivables are also included as consumer loans.

The Company’s loan balances increased to $1,246,114 at June 30, 2026, representing an increase of $50,096, or 4.2%, as compared to $1,196,018 at December 31, 2025. The increase in loans came primarily from both the commercial and residential real estate portfolios, as well as the commercial and industrial portfolio, while partially being offset by a decrease in the consumer loan portfolio from year-end 2025.

The Company’s commercial loan portfolio increased $36,479, or 5.7%, from year-end 2025. The most significant driver of this increase was higher loan balances within the commercial real estate portfolio, which increased $37,711, or 8.0%, from year-end 2025. At June 30, 2026, commercial real estate loans represented the largest segment of the Company’s total loan portfolio at 40.7%. The increase from year-end 2025 came primarily from new originations within the nonowner-occupied and construction loan segments.

The growth in commercial loans was partially offset by a decrease in the commercial and industrial portfolio, which was down $1,232, or 0.7%, from year-end 2025. The decrease was impacted by an increase in principal repayments during the first half of 2026. While management believes lending opportunities exist in the Company’s markets, future commercial lending activities will depend upon economic and other related conditions, such as general demand for loans in the Company’s primary markets, interest rates offered by the Company, and the effects of competitive pressure and normal underwriting considerations. Management will continue to place emphasis on its commercial lending, which generally yields a higher return on investment compared to other types of loans.

At June 30, 2026, residential real estate loans represented the second largest segment of the Company’s total loan portfolio at 35.1%. During 2026, mortgage rates remained elevated relative to variable rate options, which provided the Company with fewer opportunities to originate and sell long-term fixed-rate residential mortgages to the Federal Home Loan Mortgage Corporation. Due to the elevated mortgage rates, mortgage customers were selecting more in-house variable rate mortgage products than long-term fixed rate products, which enhanced the growth in the portfolio. As a result, residential real estate loans increased $19,013, or 4.5%, from year-end 2025.

The increases in the Company’s commercial and residential real estate loan portfolios at June 30, 2026 were partially offset by a decrease in the Company’s consumer loan portfolio, which was down $5,396, or 3.8%, from year-end 2025. This change was impacted by a $5,412, or 14.5%, decrease in automobile loans. This was directly impacted by management’s strategy to place more emphasis on higher yielding loan portfolios (i.e. commercial, and to a smaller extent, residential real estate). Indirect automobile loans bear additional costs from dealers that partially offset interest revenue and lower the rate of return. As a result, the Company exited the indirect lending business for automobiles and recreational vehicles in 2024. Decreases in consumer loans also came from a $4,185, or 7.9%, decrease in other consumer loans from year-end 2025, impacted by principal repayments and payoffs. Decreases in consumer loans were partially offset by a $4,201, or 8.3%, increase in home equity lines of credit.

Allowance for Credit Losses

The Company maintains an ACL that represents management’s best estimate of the appropriate level of losses and risks inherent in our applicable financial assets under the current expected credit loss (“CECL”) model. The amount of the ACL should not be interpreted as an indication that charge-offs in future periods will necessarily occur in those amounts, or at all. The determination of the ACL involves a high degree of judgement and subjectivity. Please refer to Note 1 of the notes to the financial statements for discussion regarding our ACL methodologies for securities and loans.

For AFS debt securities, the Company evaluates the securities at each measurement date to determine whether the decline in the fair value below the amortized costs basis is due to credit-related factors or noncredit-related factors. As of June 30, 2026, the Company determined that all AFS securities that experienced a decline in fair value below the amortized cost basis were due to non-credit related factors. Therefore, no ACL was recorded, and no provision expense was recognized during the six months ended June 30, 2026.

For HTM debt securities, the Company evaluates the securities collectively by major security type at each measurement date to determine expected credit losses based on the issuer’s bond rating, historical loss, financial condition, and timely principal and interest payments. At June 30, 2026, the ACL for HTM debt securities was $1 based on a .02% cumulative default rate taken from the S&P and Moody’s bond rating index. This compares to an ACL of $1 at December 31, 2025.

For loans, the Company’s ACL is management’s estimate of expected lifetime credit losses, measured over the contractual life of a loan, that considers historical loss experience, current conditions, and forecasts of future economic conditions. The ACL on loans is established through a provision for credit losses recognized in earnings. The ACL on loans is reduced by charge-offs on loans and is increased by recoveries of amounts previously charged off. Management employs a process and methodology to estimate the ACL on loans that evaluates both quantitative and qualitative factors within two main components. The first component involves pooling loans into portfolio segments for loans that share similar risk characteristics. The second component involves individually analyzed loans that do not share similar risk characteristics with loans that are pooled into portfolio segments. The ACL for loans with similar risk characteristics are collectively evaluated for expected credit losses based on certain quantitative information that include historical loss rates, prepayment rates, and curtailment rates. Expected credit losses on loans with similar characteristics are also determined by considering certain qualitative factors that include national unemployment rates, national gross domestic product forecasts, changes in lending policy, quality of loan review, and delinquency status. The ACL for loans that do not share similar risk characteristics are individually evaluated for expected credit losses primarily based on foreclosure status and whether a loan is collateral-dependent. Expected credit losses on individually evaluated loans are then determined using the present value of expected future cash flows based upon the loan’s original effective interest rate, at the loan’s observable market price, or if the loan was collateral dependent, at the fair value of the collateral.

As of June 30, 2026, the ACL for loans totaled $16,610, or 1.33%, of total loans. As of December 31, 2025, the ACL for loans totaled $11,519, or 0.96%, of total loans. The $5,091, or 44.2%, increase in the ACL was impacted by a $6,561 increase in specific reserves on loans individually evaluated for impairment from year-end 2025. During the first half of 2026, the Company individually evaluated the commercial loans of two borrowers for expected credit loss. Of the two stressed loan relationships, one is a commercial and industrial loan to an automobile dealership and the other is a commercial real estate loan for the construction of a hotel. After measuring the fair value of the loans’ collateral to the loans’ recorded investment, the Company identified $6,561 in expected losses based on the impairment associated with the borrowers’ collateral. This resulted in a corresponding charge to provision expense to establish the specific allocation within the ACL at June 30, 2026. The Company considers the specific allocations to be related to this specific group of loan relationships and not reflective of a broader deterioration in portfolio credit quality.

The increase in the ACL was also impacted by additional reserves associated with loan growth of $50,096 during the first half of 2026 compared to a $39,442 increase in loan balances during the first half of 2025. These increases in specific and general reserves were partially offset by the improvements in certain qualitative risk factors that included improved portfolio terms, such as reduced exposure to variable rate loans repricing higher and a positive net charge-off trend for consumer loans due to exiting indirect lending, along with improved general economic conditions. The Company also experienced a decrease in modeled loss rates largely due to the improvement in unemployment projections.

The Company experienced higher delinquency levels as compared to year-end 2025. Nonperforming loans to total loans increased to 1.44% at June 30, 2026, compared to 1.40% at December 31, 2025, while nonperforming assets to total assets increased to 1.08% at June 30, 2026, compared to 1.06% at December 31, 2025. The increase in nonperforming loans was primarily related to one commercial loan being placed on nonaccrual status during the first quarter of 2026. The loan is secured by commercial real estate and was identified as having collateral impairment, which required a specific allocation of the ACL at June 30, 2026.

Management believes that the ACL at June 30, 2026 was appropriate to absorb expected losses in the loan portfolio. Changes in the circumstances of particular borrowers, as well as adverse developments in the economy, are factors that could change, and management will make adjustments to the ACL as needed. Asset quality will continue to remain a key focus of the Company as management continues to stress not just loan growth, but quality in loan underwriting.

Deposits

Deposits are used as part of the Company’s liquidity management strategy to meet obligations for depositor withdrawals, fund the borrowing needs of loan customers, and fund ongoing operations. Deposits continue to be the most significant source of funds used by the Company to support earning assets. Total deposits at June 30, 2026 increased $78,761, or 5.9%, from year-end 2025. The increase in deposits came primarily from interest-bearing deposit balances, which were up by $73,604, or 7.2%, from year-end 2025, while noninterest-bearing deposits increased $5,157, or 1.6%, from year-end 2025.

The increase in noninterest-bearing demand deposits was primarily from the Company’s business and incentive-based checking account balances.

The increase in interest-bearing deposits came primarily from time deposit balances, which increased $43,136, or 8.8%, from year-end 2025, $58,854 of which was a result of an increase in retail time deposits. The Company targeted growth in retail CDs by promoting a special CD rate during the first half of 2026 to assist in funding loan growth. This resulted in the Company utilizing less wholesale CDs to help fund earning asset demand, which decreased $15,718 from year-end 2025.

Savings and money market balances also increased $25,971, or 8.4%, from year-end 2025. The increase came primarily from money market accounts, which increased $24,264 from year-end 2025, impacted mostly by increases in the Company’s tiered money market product (Money Fund) that was introduced in 2023 and offers a higher rate on tiered deposit balances to both individual and business customers. Savings account balances increased $1,707 impacted mostly by the Company’s statement savings account product.

Further increases in interest-bearing deposits came from NOW account balances, which increased $4,497, or 2.1%, from year-end 2025. The increase was largely from a $4,733 increase in the Company’s municipal NOW product balances, particularly within the Gallia County, Ohio, and Mason County, West Virginia, market areas.

The Company expects to continue to experience increased competition for deposits in its market areas, which could challenge its net growth. The Company will continue to emphasize growth and retention within its core deposit relationships during 2026, reflecting the Company’s efforts to reduce its reliance on higher cost funding and improving net interest income.

Other Borrowed Funds

Other borrowed funds were $41,822 at June 30, 2026, a decrease of $3,026, or 6.7%, from year-end 2025. The decrease was related to the scheduled principal amortization for applicable FHLB advances. While deposits continue to be the primary source of funding for growth in earning assets, management will continue to utilize various wholesale funding sources to help manage interest rate sensitivity and liquidity.

Shareholders’ Equity

Total shareholders' equity at June 30, 2026 increased $3,129, or 1.8%, to finish at $173,386, as compared to $170,257 at December 31, 2025. This was primarily from year-to-date net income partially offset by cash dividends paid and a decrease in accumulated other comprehensive income. The decrease in accumulated other comprehensive income was related to the $1,833, net of tax, market depreciation of AFS securities due to an increase in market interest rates.

Comparison of Results of Operations

For the Three and Six Months Ended

June 30, 2026 and 2025

The following discussion focuses, in more detail, on the consolidated results of operations of the Company for the three and six months ended June 30, 2026, compared to the same period in 2025. This discussion should be read in conjunction with the interim consolidated financial statements and the notes included in this Form 10‑Q.

Net Interest Income

The most significant portion of the Company's revenue, net interest income, results from properly managing the spread between interest income on earning assets and interest expense incurred on interest-bearing liabilities. During the three and six months ended June 30, 2026, net interest income increased $863, or 5.9%, and $2,611, or 9.4%, compared to the same periods in 2025, respectively. The quarterly and year-to-date improvements during 2026 came from average earning asset growth, partially offset by a decrease in the net interest margin. Average asset growth was impacted primarily by loans and interest-bearing deposits with banks, while the margin fell as our funding expenses outpaced the returns on our earning assets.

Total interest and fee income recognized on the Company’s earning assets increased $2,439, or 11.6%, during the second quarter of 2026, and $5,114, or 12.5%, during the six months ended June 30, 2026, compared to the same periods in 2025. The earnings growth was impacted by interest on loans, which increased $1,995, or 11.6%, and $4,732, or 14.3%, during the three and six months ended June 30, 2026, compared to the same periods in 2025. This improvement was mostly impacted by average loan balances, which increased $156,821 during the second quarter of 2026 and $151,658 during the first half of 2026. Balance increases came primarily from the commercial and residential real estate loan portfolios due to higher commercial loan volume and a consumer preference for short-term, variable rate residential real estate loans. The effects of average loan growth on revenue improvement were partially offset by average loan yields decreasing 21 basis points to 6.61% during the second quarter of 2026 and decreasing 5 basis points to 6.63% during the first half of 2026, compared to the same periods in 2025. The loan yield decreases came primarily from the income recognition of an $817 market discount on one purchased commercial and industrial loan that paid off during the second quarter of 2025. While the market discount benefited loan yields in 2025, the Company recognized no market discount income on purchased loans during the same periods in 2026, causing loan yields to decrease. At June 30, 2026, the Company had one purchased commercial and industrial loan remaining with an unrecognized market discount of $1,052.

Total interest income from interest-bearing deposits with banks increased $327, or 51.2%, during the second quarter of 2026, and increased $83, or 5.7%, during the first half of 2026, compared to the same periods in 2025. This was largely from average balance increases with the Company’s interest-bearing FRB clearing account, which increased $44,629 and $16,789 during the three and six months ended June 30, 2026, compared to the same periods in 2025. Balances in the FRB clearing account increased primarily from interest-bearing deposit growth and net proceeds from securities, which provided more than enough FRB clearing deposits to help fund loan growth during 2026. Interest income from the FRB clearing account was negatively impacted by short-term rate decreases during 2025. Between September and December 2025, the FRB took action to reduce the rate associated with the FRB clearing account by 75 basis points due to inflationary pressures, which lowered the target federal funds rate to a range of 3.50% to 3.75% going into 2026. These decreases in interest rates had a negative impact on the FRB clearing account’s interest earnings during the three and six months ended June 30, 2026.

Total interest on securities increased $101, or 4.3%, during the second quarter of 2026, and $319, or 7.1%, during the first half of 2026, compared to the same periods in 2025. The earnings growth was primarily related to an increase in the average yield on taxable securities. This was impacted by the Company’s decision to sell $36,950 in taxable securities yielding 1.35% during the second half of 2025 and replace them with similar taxable securities yielding 4.52% with longer durations. As a result, the average yield on taxable securities increased 53 basis points to 3.81% during the second quarter of 2026, and 56 basis points to 3.80% during the first half of 2026, compared to the same periods in 2025. The yield improvement from taxable securities completely offset the negative impact of lower average securities balances, which decreased $24,118, or 8.7%, during the second quarter of 2026, and $19,402, or 7.1%, during the first half of 2026, compared to the same periods in 2025. Average securities have decreased largely due to the Company’s emphasis on growing higher-yielding loans during 2026, as well as a lower need for securities to be pledged as collateral to secure public fund NOW accounts from a year ago, particularly with the Bank’s public fund NOW account deposits with the Ohio Treasurer (the “Treasurer”) as part of the Ohio Homebuyer Plus program. Securities pledged as collateral to secure the Treasurer deposit balances totaled $59,044 at June 30, 2026, compared to $81,123 at June 30, 2025.

Total interest expense incurred on the Company’s interest-bearing liabilities increased $1,576, or 24.2%, during the second quarter of 2026, and $2,503, or 19.0%, during the first half of 2026, compared to the same periods in 2025. The increases were impacted by average interest-bearing liability growth during both periods, coming mostly from higher time, savings, and money market deposit balances. The increase in time deposit balances was impacted by the Company’s strategy to raise additional retail deposits during 2026 by offering special CD rate offerings. The increase in savings and money market account balances were mostly impacted by deposit growth within the Company’s tiered money market product (Money Fund) that offered competitive rates to both individual and business customers. These increases were partially offset by a decrease in average NOW account balances, which came largely from lower public fund balances from a year ago.

The growth in interest expense from higher average interest-bearing liabilities was further impacted by a higher average cost on average interest-bearing liabilities during 2026. The average rates on the Company’s savings, NOW, and money market balances increased 16 basis points to 1.57% during the second quarter of 2026, and increased 12 basis points during the first half of 2026, as product rates on tiered money market accounts adjusted upward, while public fund NOW account balances shifted to a new higher-costing cash sweep product offered by the Bank. While product rates on various savings, NOW, and money market products increased, the Company experienced a decrease in the weighted average cost of its time deposit balances. Prior to 2025, market competition for deposits had resulted in higher rates on short-term CD offerings. Since then, product rates on retail CDs have decreased during 2025 and into 2026. The Company’s strategy to fund loan growth by raising additional retail deposits through special CD rate offerings was in effect during the second half of 2025. This has allowed a large portion of these short-term retail CDs to renew at lower rates during the three and six months ended June 30, 2026. As a result of the rate repricings on retail CDs, the average cost associated with time deposits decreased by 16 basis points to 3.96% during the second quarter of 2026 and decreased 23 basis points to 4.00% during the first half of 2026, compared to the same periods in 2025. This helped to reduce the expense impacts of higher average deposit balances, and the average rate increases in specific savings, NOW and money market products.

The Company’s net interest margin is defined as fully tax-equivalent net interest income as a percentage of average earning assets. During 2026, the Company’s net interest margin decreased 24 basis points to 3.92% during the second quarter of 2026 and decreased 4 basis points to 3.97% during the first half of 2026, compared to the same periods in 2025. The decrease in the net interest margin was related to the average cost of funding sources increasing at a greater pace than the yield on earning assets. Comparing the first half of 2026 to the first half of 2025, the yield on average earning assets improved 9 basis points in relation to the growth in higher yielding loans that now comprise a larger percentage of earning assets, along with the yield on taxable securities. However, included in the yield on earning assets for the second quarter and first half of 2025 was the $817 market discount on purchased loans compared to no market discount income during the same periods in 2026, resulting in a 6 basis point decrease to the earning asset yield during the second quarter of 2026. During both the three and six months ended June 30, 2026, the average cost of funds increased as the composition of funding sources shifted to higher cost deposit sources, such as CDs and money market accounts that were offered pursuant to certain promotional offerings mentioned above. These promotional offerings were utilized to fund loan growth and to maintain an appropriate liquidity position. As a result, the average cost of funds increased 21 basis points during the second quarter of 2026 and increased 16 basis points during the first half of 2026, compared to the same periods in 2025. The Company’s primary focus is to invest its funds into higher yielding assets, particularly loans, as opportunities arise. However, if loan balances do not continue to expand and remain a larger component of overall earning assets, the Company will face pressure within its net interest income and margin improvement.

Provision for Credit Losses

Provision for credit losses is recorded to achieve an ACL that is adequate to absorb estimated losses inherent in the Company’s loan portfolio, unfunded loans, and HTM debt securities. Management performs, on a quarterly basis, a detailed analysis of the ACL that encompasses asset portfolio composition, asset quality, loss experience and other relevant economic factors. For the three months ended June 30, 2026, the Company’s provision for credit losses expense totaled $3,755, an increase of $2,607 over the three months ended June 30, 2025. For the six months ended June 30, 2026, the Company’s provision for credit losses expense totaled $5,377, an increase of $3,813 over the six months ended June 30, 2025.

The increases in provision for credit loss expense during both periods were primarily related to the establishment of specific allocations totaling $4,531 and $6,561 during the three and six months ended June 30, 2026 on two commercial loan relationships that were deemed to be collateral dependent. In addition, provision for credit loss expense was required to cover higher general reserves for the increase in loans during 2026. These increases in reserves were partially offset by the improvements in certain qualitative risk factors that contributed to a $1,234 decrease in reserves during the second quarter of 2026, and a $2,242 decrease in reserves during the first half of 2026, compared to the same periods in 2025. Factors contributing to lower qualitative risk included improved portfolio terms, such as reduced exposure to variable rate loans repricing higher and a positive net charge-off trend for consumer loans due to exiting indirect lending, along with lower modeled loss rates in relation to the improvement in unemployment projections. The Company also experienced less net charge-offs, which contributed to a $168 and $315 decrease in provision expense during the three and six months ended June 30, 2026.

Credit loss expense during 2026 was also impacted by unfunded commitments on off-balance sheet liabilities, which decreased $175 and $195 during the three and six months ended June 30, 2026, compared to the same periods in 2025. The impact came mostly from lower loss rates on commercial lines during both periods.

Future provisions to the ACL will continue to be based on management’s quarterly in-depth evaluation that is discussed in further detail under the caption “Critical Accounting Estimates” within this Management’s Discussion and Analysis.

Noninterest Income

Noninterest income increased $338, or 11.9%, during the three months ended June 30, 2026, and decreased $20, or 0.3%, during the six months ended June 30, 2026, compared to the same periods in 2025. The quarterly increase was primarily from the $377 in unrealized gains on equity securities from the Company’s participation in the Visa exchange offer previously mentioned. Further increases to noninterest income came from higher debit and credit card interchange fees, which increased $70 and $156 during the three and six months ended June 30, 2026, compared to the same periods in 2025. The growth in interchange income was driven by increases in transaction volume for both debit and credit cards during 2026. Increases also came from BOLI and annuity assets due to the receipt of life insurance proceeds during the first quarter of 2026, leading to a $137 increase in BOLI and annuity earnings during the six months ended June 30, 2026, while remaining relatively stable during the second quarter of 2026, decreasing by $1. Decreases to noninterest income came primarily from a $135 and $675 decrease in electronic refund check and deposit fees during the three and six months ended June 30, 2026, compared to the same periods in 2025. The decrease was due to the expiration of a tax processing agreement with a third party at year-end 2025. The remaining noninterest income categories increased $27 during the three months ended June 30, 2026, and decreased $15 during the six months ended June 30, 2026, impacted by a mix of higher service charges on deposit accounts and a decline in commercial loan servicing fees.

Noninterest Expense

Noninterest expense increased $196, or 1.8%, during the three months ended June 30, 2026, and increased $679, or 3.1%, during the six months ended June 30, 2026, compared to the same periods in 2025. Contributing most to the increase was the Company’s largest noninterest expense, salaries and employee benefits, which increased $359, or 5.8%, during the three months ended June 30, 2026, and $694, or 5.7%, during the six months ended June 30, 2026, compared to the same periods in 2025. The expense increase was primarily related to annual merit increases and higher health insurance premiums.

Other noninterest expense increased $251 and $278 during the three and six months ended June 30, 2026 in large part due to higher state taxes, loan costs, and other miscellaneous expenses associated with troubled credits. State taxes included higher West Virginia Business & Occupation and Ohio Financial Institutions taxes. Loan costs included increases to foreclosure and loan vendor expense. Increases in other miscellaneous expenses included the remittance of real estate taxes associated with the properties of select troubled credits.

Higher noninterest expense also came from software expense, which increased $74 and $206 during the three and six months ended June 30, 2026. Higher costs in this category were the result of the investment in software to enhance internal processes.

Also contributing to higher noninterest expense was higher FDIC insurance premiums, which increased $77 and $135 during the three and six months ended June 30, 2026. The increase was related to a higher assessment base due to growth in assets and to an increase in the assessment rate in relation to the higher nonperforming loans.

Partially offsetting increases in noninterest expense were lower data processing expenses, which decreased $605 and $619 during the three and six months ended June 30, 2026. This was due to a $544 recovery from a vendor in the second quarter of 2026 for a billing error that occurred over a 7-year period.

The remaining noninterest expense categories increased $40 during the second quarter of 2026, and decreased $15 during the first half of 2026, compared to the same periods in 2025, impacted by a mix of higher building, equipment and marketing costs and a decline in professional fees.

Efficiency

The Company’s efficiency ratio is a non-US GAAP measurement and is defined as noninterest expense as a percentage of fully tax-equivalent net interest income plus noninterest income. The effects of provision expense are excluded from the efficiency ratio. Management believes the efficiency ratio provides investors with important information regarding operational efficiency and operating performance. Management continues to place emphasis on managing its balance sheet mix and interest rate sensitivity as well as developing more innovative ways to generate noninterest revenue. Comparing the three and six months ended June 30, 2026 to the same periods in 2025, the Company has benefited from an increase in average earning assets, primarily from a composition shift to higher-yielding loans. However, a composition shift to higher-costing time deposits combined with an $817 market discount on purchased loans from 2025 contributed to decreases in the net interest margin during the three and six months ended June 30, 2026 compared to the same periods in 2025. Although the net interest margin contracted, the additional growth in average earning assets more than offset the margin decreases resulting in a 5.9% and 9.4% increase in net interest income during the second quarter and first half of 2026. The growth in net interest income was further enhanced by the strong growth in noninterest income during the second quarter of 2026, bringing 2026’s year-to-date noninterest revenue more in line with the prior year-to-date. The quarterly increase was largely impacted by the unrealized gains on equity securities, as well as higher earnings from debit and credit interchange and BOLI insurance, which helped to counter the negative effects from lower electronic refund check and deposit fees from an expired tax processing agreement. And while noninterest expense increased during 2026, the pace of growth was slowed during the second quarter with the $544 refund from a vendor billing error that resulted in a 62.4% and 32.7% decrease in data processing expense during the three and six months ended June 30, 2026. This caused total noninterest expense to increase just 1.8% during the second quarter of 2026 compared to a 4.5% increase during the linked first quarter of 2026. Based on the net increase in revenue sources and slower cost growth in overhead during the quarter, the Company’s efficiency ratio decreased (improved) to 60.08% during the three months ended June 30, 2026, compared to 63.09% during the three months ended June 30, 2025. The Company’s year-to-date efficiency ratio also decreased (improved) to 60.89% during the six months ended June 30, 2026, compared to 63.51% during the six months ended June 30, 2025.

Provision for income taxes

The Company’s income tax provision decreased $319, or 32.7%, during the three months ended June 30, 2026, and decreased $509, or 24.0%, during the six months ended June 30, 2026, compared to the same periods in 2025. During the second quarter of 2026, operating income decreased 30.9% and the associated effective tax rate decreased from 18.9% in 2025 to 18.3% in 2026. During the first half of 2026, operating income decreased 17.7% and the associated effective tax rate decreased from 19.8% in 2025 to 18.3% in 2026. The effective rate decreases during both the quarterly and year-to-date periods of 2026 were primarily from higher tax-exempt earnings.

Capital Resources

Federal regulators have classified and defined capital into the following components: (i) Tier 1 capital, which includes tangible shareholders’ equity for common stock, qualifying preferred stock and certain qualifying hybrid instruments, and (ii) Tier 2 capital, which includes a portion of the allowance for credit losses, certain qualifying long-term debt, preferred stock and hybrid instruments which do not qualify as Tier 1 capital.

The Community Bank Leverage Ratio (CBLR) framework provides simplified capital requirements for qualifying community banking organizations (QCBOs), including banks and holding companies. To be eligible for the CBLR framework, a QCBO must meet the following criteria:

• Have less than $10 billion in total consolidated assets,

• Hold limited amounts of certain trading assets and liabilities,

• Maintain limited off-balance sheet exposure, and

• Achieve a leverage ratio greater than 9.0%.

The federal banking agencies adopted a final rule that modified the CBLR framework effective July 1, 2026. Key provisions included a decrease in the CBLR requirement from 9.0% to 8.0%, extension of the grace period to meet one or more CBLR qualifying requirements from two consecutive quarters to four consecutive quarters, as long as the leverage ratio stays above 7.0%, and a cap on the extended grace period to eight quarters within a five-year period. A QCBO failing to satisfy these requirements must comply with the existing Basel III capital requirements. The Bank opted into the CBLR, and, therefore, is not required to comply with the Basel III capital requirements. As of June 30, 2026, the Bank’s CBLR was 9.73%.

Cash dividends paid by the Company were $2,262 during the first half of 2026. The year-to-date dividends paid totaled $0.48 per share.

Liquidity

Liquidity relates to the Company's ability to meet the cash demands and credit needs of its customers in the short and long-term and is provided by the ability to readily convert assets to cash and raise funds in the marketplace. The Company manages funding and liquidity based on point-in-time metrics as well as forward-looking projections, which incorporate different sources and uses of funds under base and stress scenarios. Liquidity risk is monitored and managed by the Bank’s Asset Liability Committee using a series of policy limits and key risk indicators, which are established to ensure risks are managed within the Company’s risk tolerance. The Company maintains a contingency funding plan that provides for liquidity stress testing, which assesses the liquidity needs under varying market conditions, time horizons and other events. The stress testing provides for ongoing monitoring of unused borrowing capacity and available sources of contingent liquidity to prepare for unexpected liquidity needs and to cover unanticipated events that could affect liquidity.

Total cash and cash equivalents, HTM securities maturing within one year, and AFS securities, which totaled $328,951, represented 19.8% of total assets at June 30, 2026 compared to $300,436 and 19.0% of total assets at December 31, 2025. The increase in liquid funds came primarily from the $32,187 increase in cash and cash equivalents, which was related to the growth in total deposits. From year-end 2025, total deposits increased $78,761, or 5.9%, of which a portion was utilized to fund loan growth of $50,096.

In addition to the on-balance sheet liquidity discussed above, the Bank has established multiple sources of funding to further enhance the Bank’s ability to meet liquidity demands. The Bank has pledged collateral to the FHLB and the FRB to establish committed borrowing lines. At June 30, 2026, the Bank could borrow an additional $170,848 from the FHLB and the borrowing line with the FRB had availability of $35,665. For each of these sources, the Bank has established an internal limit of 85% of our borrowing capacity. In addition to the committed borrowing lines, the Bank has access to several wholesale funding sources, such as, brokered CDs, a $25 million federal funds purchase limit with two correspondent banks, and the ability to bid on available funds from select deposit placement services. The Bank has established limits for each respective funding source and a collective limit on all wholesale funding sources. The Bank’s internal limit on brokered CDs is 10% of total assets. At June 30, 2026, the amount of brokered CDs outstanding was 2.78% of total assets, as compared to 3.92% at December 31, 2025. At June 30, 2026, the Bank had utilized 36.17% of our FHLB capacity, a decrease from 37.62% at December 31, 2025. The collective internal limit on all wholesale funding sources is 40% of total assets. At June 30, 2026, the Bank’s total wholesale funding sources represented 10.52% of total assets, a decrease from 11.89% at December 31, 2025. Based on the collective internal wholesale funding limit, the Bank had the capacity to borrow an additional $485 million in wholesale funds and the available funding from the respective wholesale funding sources exceeded this amount, which provides the flexibility to utilize one source more than another due to pricing or availability.

As part of performing liquidity stress tests, the Bank monitors and evaluates the exposure to uninsured deposits. Of the Company’s $1,408,428 in total deposit balances at June 30, 2026, only 36.7%, or $517,318, were deemed uninsured as per the $250 FDIC threshold. A portion of these deposits are on behalf of public entity customers, which require the Bank to pledge securities or FHLB letters of credit to cover the amount of the deposit balance that is deemed uninsured. To the extent these deposits left the Bank, the level of unpledged securities and the borrowing capacity at the FHLB would increase or could be utilized to fund the deposit outflow. The sum of current on-balance sheet liquidity and available wholesale funding sources exceeded the balance of uninsured deposits at June 30, 2026. Included in on-balance sheet liquidity are AFS securities in an unrealized loss position. Although management does not intend to sell the securities before the recovery of its cost basis, they are a contingent resource from a liquidity perspective.

As our liquidity position dictates, the preceding funding sources may be utilized to supplement our liquidity position. If the utilization of wholesale funding increases to fund asset growth or for liquidity management purposes, the net interest margin may be negatively impacted due to the higher relative cost of these sources as compared to core deposits. For further cash flow information, see the condensed consolidated statement of cash flows. Management does not rely on any single source of liquidity and monitors the level of liquidity based on many factors affecting the Company’s financial condition.

Off-Balance Sheet Arrangements

As discussed in Note 5 – Financial Instruments with Off-Balance Sheet Risk, the Company engages in certain off-balance sheet credit-related activities, including commitments to extend credit and standby letters of credit, which could require the Company to make cash payments in the event that specified future events occur. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Standby letters of credit are conditional commitments to guarantee the performance of a customer to a third party. While these commitments are necessary to meet the financing needs of the Company’s customers, many of these commitments are expected to expire without being drawn upon. Therefore, the total amount of commitments does not necessarily represent future cash requirements.

Critical Accounting Estimates

The preparation of financial statements and related disclosures requires management to use judgment and make estimates. The Company evaluates such estimates on an ongoing basis. By their nature, these judgments are subject to uncertainty. We base our estimates on historical experience, current trends and other factors that we believe to be relevant and reasonable under the circumstances at the time the estimate was made.

We believe our estimates, assumptions, and judgments are reasonable in that they were based on information available when the estimates, assumptions and judgments were made. However, because future events and their effects cannot be determined with certainty, actual results could differ materially from those implied by our assumptions and estimates.

The Company believes the determination of the ACL involves a higher degree of judgment and complexity than its other significant accounting policies. The ACL is calculated with the objective of maintaining a reserve level believed by management to be sufficient to absorb estimated credit losses over the life of an asset or off-balance sheet credit exposure. Management’s determination of the adequacy of the ACL is based on periodic evaluations of past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. However, this evaluation has subjective components requiring material estimates, including expected default probabilities, the expected loss given default, the amounts and timing of expected future cash flows on individually evaluated collateral dependent loans, and estimated losses based on historical loss experience and forecasted economic conditions. All of these factors may be susceptible to significant change. To the extent that actual results differ from management estimates, additional provisions for credit losses may be required that would adversely impact earnings in future periods. Refer to “Allowance for Credit Losses” and “Provision for Credit Losses” sections within this Management’s Discussion and Analysis for additional discussion.

Concentration of Credit Risk

The Company maintains a diversified credit portfolio, with commercial real estate loans currently comprising the most significant portion. Credit risk is primarily subject to loans made to businesses and individuals in southeastern Ohio and western West Virginia. Management believes this risk to be general in nature, as there are no material concentrations of loans to any industry or consumer group. To the extent possible, the Company diversifies its loan portfolio to limit credit risk by avoiding industry concentrations.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

With the participation of the Chief Executive Officer (the principal executive officer) and the Senior Vice President and Chief Financial Officer (the principal financial officer and principal accounting officer) of Ohio Valley, Ohio Valley’s management has evaluated the effectiveness of Ohio Valley’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of June 30, 2026. Based on that evaluation, Ohio Valley’s Chief Executive Officer and Senior Vice President and Chief Financial Officer have concluded that Ohio Valley’s disclosure controls and procedures were effective as of June 30, 2026.

Changes in Internal Control over Financial Reporting

There was no change in Ohio Valley’s internal control over financial reporting (as defined in Rule 13a‑15(f) under the Exchange Act) that occurred during Ohio Valley’s fiscal quarter ended June 30, 2026, that has materially affected, or is reasonably likely to materially affect, Ohio Valley’s internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is involved in various claims and legal actions, as both plaintiff and defendant, arising in the ordinary course of business. The Company does not believe that any such proceedings, individually and in the aggregate, will have a material adverse effect on its business, financial position, results of operations or cash flows.

ITEM 1A. RISK FACTORS

An investment in our common shares involves risks. Before making an investment decision, you should carefully consider all of the information in this Quarterly Report, including in the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Condensed Consolidated Financial Statements and related notes. In addition, you should carefully consider the risks and uncertainties described in the section entitled “Risk Factors” in our 2025 Annual Report. If any of the identified risks are realized, our business, financial condition, operating results and prospects could be materially and adversely affected. In that case, the trading price of our common shares may decline. In addition, other risks of which we are currently unaware, or which we do not currently view as material, could have a material adverse effect on our business, financial condition, operating results and prospects. As of the date of this Quarterly Report, there have been no material changes to the risk factors previously disclosed under the section entitled "Risk Factors" in Part I, Item 1A of our 2025 Annual Report.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Ohio Valley did not sell any unregistered equity securities during the three months ended June 30, 2026.

During the three months ended June 30, 2026, neither Ohio Valley nor any affiliated purchaser purchased any of Ohio Valley’s common shares.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

During the three months ended June 30, 2026, no director or officer of the Company adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” as each term is defined in Item 408(a) of Regulation S-K.

ITEM 6. EXHIBITS

(a) Exhibits:

Exhibit Number		Exhibit Description

3.1		Amended Articles of Incorporation of Ohio Valley (reflects amendments through April 7, 1999) [for SEC reporting compliance only - - not filed with the Ohio Secretary of State]: Incorporated herein by reference to Exhibit 3(a) to Ohio Valley’s Annual Report on Form 10-K for fiscal year ended December 31, 2007.

3.2		Amended and Restated Code of Regulations of Ohio Valley: Incorporated herein by reference to Exhibit 3.1 to Ohio Valley’s Current Report on Form 8-K filed on May 15, 2026.

4.1		Agreement to furnish instruments and agreements defining rights of holders of long-term debt: Filed herewith.

31.1		Rule 13a-14(a)/15d-14(a) Certification (Principal Executive Officer): Filed herewith.

31.2		Rule 13a-14(a)/15d-14(a) Certification (Principal Financial Officer): Filed herewith.

32		Section 1350 Certifications (Principal Executive Officer and Principal Accounting Officer): Furnished herewith.

101.INS #		XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

101.SCH #		XBRL Taxonomy Extension Schema: Filed herewith. #

101.CAL #		XBRL Taxonomy Extension Calculation Linkbase: Filed herewith. #

101.DEF #		XBRL Taxonomy Extension Definition Linkbase: Filed herewith. #

101.LAB #		XBRL Taxonomy Extension Label Linkbase: Filed herewith. #

101.PRE #		XBRL Taxonomy Extension Presentation Linkbase: Filed herewith. #

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) Filed herewith #

# Attached as Exhibit 101 are the following documents formatted in XBRL (eXtensive Business Reporting Language): (i) Unaudited Consolidated Balance Sheets; (ii) Unaudited Consolidated Statements of Income; (iii) Unaudited Consolidated Statements of Comprehensive Income; (iv) Unaudited Consolidated Statements of Changes in Shareholders’ Equity; (v) Unaudited Condensed Consolidated Statements of Cash Flows; and (vi) Notes to the Unaudited Consolidated Financial Statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			OHIO VALLEY BANC CORP.

Date:	August 13, 2026	By:	/s/Larry E. Miller, II
			Larry E. Miller, II
			Chief Executive Officer

Date:	August 13, 2026	By:	/s/Scott W. Shockey
			Scott W. Shockey
			Senior Vice President and Chief Financial Officer

http://fasb.org/us-gaap/2026#AccruedInvestmentIncomeReceivablehttp://fasb.org/us-gaap/2026#AccruedInvestmentIncomeReceivablehttp://fasb.org/us-gaap/2026#AccruedInvestmentIncomeReceivablehttp://fasb.org/us-gaap/2026#AccruedInvestmentIncomeReceivablehttp://fasb.org/us-gaap/2026#AccruedInvestmentIncomeReceivablehttp://fasb.org/us-gaap/2026#AccruedInvestmentIncomeReceivable10000894671falseQ2--12-3100008946712026-01-012026-06-3000008946712026-08-1200008946712026-06-3000008946712025-12-3100008946712026-04-012026-06-3000008946712025-04-012025-06-3000008946712025-01-012025-06-300000894671us-gaap:CommonStockMember2026-03-310000894671us-gaap:AdditionalPaidInCapitalMember2026-03-310000894671us-gaap:RetainedEarningsMember2026-03-310000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310000894671us-gaap:TreasuryStockCommonMember2026-03-3100008946712026-03-310000894671us-gaap:CommonStockMember2026-04-012026-06-300000894671us-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-300000894671us-gaap:RetainedEarningsMember2026-04-012026-06-300000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-04-012026-06-300000894671us-gaap:TreasuryStockCommonMember2026-04-012026-06-300000894671us-gaap:CommonStockMember2026-06-300000894671us-gaap:AdditionalPaidInCapitalMember2026-06-300000894671us-gaap:RetainedEarningsMember2026-06-300000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-06-300000894671us-gaap:TreasuryStockCommonMember2026-06-300000894671us-gaap:CommonStockMember2025-03-310000894671us-gaap:AdditionalPaidInCapitalMember2025-03-310000894671us-gaap:RetainedEarningsMember2025-03-310000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310000894671us-gaap:TreasuryStockCommonMember2025-03-3100008946712025-03-310000894671us-gaap:CommonStockMember2025-04-012025-06-300000894671us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300000894671us-gaap:RetainedEarningsMember2025-04-012025-06-300000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300000894671us-gaap:TreasuryStockCommonMember2025-04-012025-06-300000894671us-gaap:CommonStockMember2025-06-300000894671us-gaap:AdditionalPaidInCapitalMember2025-06-300000894671us-gaap:RetainedEarningsMember2025-06-300000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300000894671us-gaap:TreasuryStockCommonMember2025-06-3000008946712025-06-300000894671us-gaap:CommonStockMember2025-12-310000894671us-gaap:AdditionalPaidInCapitalMember2025-12-310000894671us-gaap:RetainedEarningsMember2025-12-310000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310000894671us-gaap:TreasuryStockCommonMember2025-12-310000894671us-gaap:CommonStockMember2026-01-012026-06-300000894671us-gaap:AdditionalPaidInCapitalMember2026-01-012026-06-300000894671us-gaap:RetainedEarningsMember2026-01-012026-06-300000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-06-300000894671us-gaap:TreasuryStockCommonMember2026-01-012026-06-300000894671us-gaap:CommonStockMember2024-12-310000894671us-gaap:AdditionalPaidInCapitalMember2024-12-310000894671us-gaap:RetainedEarningsMember2024-12-310000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000894671us-gaap:TreasuryStockCommonMember2024-12-3100008946712024-12-310000894671us-gaap:CommonStockMember2025-01-012025-06-300000894671us-gaap:AdditionalPaidInCapitalMember2025-01-012025-06-300000894671us-gaap:RetainedEarningsMember2025-01-012025-06-300000894671us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300000894671us-gaap:TreasuryStockCommonMember2025-01-012025-06-300000894671us-gaap:FairValueMeasurementsNonrecurringMember2025-12-310000894671us-gaap:FairValueMeasurementsNonrecurringMember2026-06-300000894671us-gaap:FairValueMeasurementsNonrecurringMember2026-04-012026-06-300000894671us-gaap:FairValueMeasurementsNonrecurringMember2026-01-012026-06-300000894671us-gaap:FairValueMeasurementsNonrecurringMember2025-01-012025-06-300000894671us-gaap:FairValueMeasurementsNonrecurringMember2025-04-012025-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2026-06-300000894671us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000894671us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000894671us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-12-310000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-12-310000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-12-310000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-12-310000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-12-310000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-12-310000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310000894671us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000894671us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000894671us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:MarketApproachValuationTechniqueMember2026-06-300000894671srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:MarketApproachValuationTechniqueMember2026-06-300000894671srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:MarketApproachValuationTechniqueMember2026-06-300000894671srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:MeasurementInputCapRateMemberus-gaap:IncomeApproachValuationTechniqueMember2026-06-300000894671srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:MeasurementInputCapRateMemberus-gaap:IncomeApproachValuationTechniqueMember2026-06-300000894671srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:MarketApproachValuationTechniqueMember2026-06-300000894671srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:MarketApproachValuationTechniqueMember2026-06-300000894671srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:MarketApproachValuationTechniqueMember2026-06-300000894671us-gaap:CarryingReportedAmountFairValueDisclosureMember2026-06-300000894671us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2026-06-300000894671us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2026-06-300000894671us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2026-06-300000894671us-gaap:EstimateOfFairValueFairValueDisclosureMember2026-06-300000894671us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310000894671us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310000894671us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310000894671us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310000894671us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310000894671us-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-06-300000894671us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2026-06-300000894671us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300000894671us-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-12-310000894671us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-12-310000894671us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310000894671ovbc:VisaClassB1CommonStockMember2025-12-310000894671ovbc:VisaClassB1CommonStockMember2025-05-080000894671ovbc:VisaClassB3CommonStockMember2026-05-082026-05-080000894671ovbc:VisaClassCCommonStockMember2026-05-082026-05-080000894671ovbc:VisaClassB3CommonStockMember2026-06-300000894671us-gaap:USStatesAndPoliticalSubdivisionsMember2026-06-300000894671us-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310000894671ovbc:CARESActMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMember2025-01-012025-12-310000894671us-gaap:ResidentialPortfolioSegmentMember2026-01-012026-06-300000894671us-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-12-310000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000894671us-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000894671us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000894671us-gaap:FinancialAssetPastDueMember2026-06-300000894671us-gaap:FinancialAssetNotPastDueMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000894671us-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000894671us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000894671us-gaap:FinancialAssetPastDueMember2025-12-310000894671us-gaap:FinancialAssetNotPastDueMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:PassMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:SpecialMentionMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:SubstandardMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:DoubtfulMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2026-01-012026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:PassMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:SpecialMentionMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:SubstandardMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:DoubtfulMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-01-012026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2026-01-012026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:DoubtfulMember2026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2026-01-012026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:PassMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:SpecialMentionMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:SubstandardMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMemberus-gaap:DoubtfulMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2025-01-012025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:PassMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:SpecialMentionMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:SubstandardMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMemberus-gaap:DoubtfulMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2025-01-012025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2025-01-012025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:DoubtfulMember2025-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2025-01-012025-12-310000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-06-300000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-01-012026-06-300000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-06-300000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-01-012026-06-300000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-06-300000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-01-012026-06-300000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-12-310000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-01-012025-12-310000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-12-310000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-01-012025-12-310000894671us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-12-310000894671us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-01-012025-12-310000894671us-gaap:ResidentialPortfolioSegmentMember2026-03-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2026-03-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2026-03-310000894671us-gaap:ConsumerPortfolioSegmentMember2026-03-310000894671us-gaap:ResidentialPortfolioSegmentMember2026-04-012026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2026-04-012026-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2026-04-012026-06-300000894671us-gaap:ConsumerPortfolioSegmentMember2026-04-012026-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2026-06-300000894671us-gaap:ConsumerPortfolioSegmentMember2026-06-300000894671us-gaap:ResidentialPortfolioSegmentMember2025-03-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2025-03-310000894671us-gaap:ConsumerPortfolioSegmentMember2025-03-310000894671us-gaap:ResidentialPortfolioSegmentMember2025-04-012025-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2025-04-012025-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2025-04-012025-06-300000894671us-gaap:ConsumerPortfolioSegmentMember2025-04-012025-06-300000894671us-gaap:ResidentialPortfolioSegmentMember2025-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2025-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2025-06-300000894671us-gaap:ConsumerPortfolioSegmentMember2025-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2025-12-310000894671us-gaap:ConsumerPortfolioSegmentMember2025-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2026-01-012026-06-300000894671us-gaap:ConsumerPortfolioSegmentMember2026-01-012026-06-300000894671us-gaap:ResidentialPortfolioSegmentMember2024-12-310000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2024-12-310000894671us-gaap:ConsumerPortfolioSegmentMember2024-12-310000894671us-gaap:ResidentialPortfolioSegmentMember2025-01-012025-06-300000894671us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-06-300000894671ovbc:CommercialAndIndustrialPortfolioSegmentMember2025-01-012025-06-300000894671us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-06-300000894671us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2026-06-300000894671us-gaap:RealEstateMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671ovbc:BusinessAssetsMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671us-gaap:CollateralPledgedMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-06-300000894671ovbc:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-06-300000894671us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2026-06-300000894671us-gaap:RealEstateMember2026-06-300000894671ovbc:BusinessAssetsMember2026-06-300000894671us-gaap:CollateralPledgedMember2026-06-300000894671us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000894671us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:OwnerOccupiedMember2025-12-310000894671us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberovbc:NonownerOccupiedMember2025-12-310000894671us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2025-12-310000894671us-gaap:RealEstateMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2025-12-310000894671ovbc:BusinessAssetsMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2025-12-310000894671us-gaap:CollateralPledgedMemberovbc:CommercialAndIndustrialPortfolioSegmentMember2025-12-310000894671us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-12-310000894671us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-12-310000894671us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-12-310000894671ovbc:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-12-310000894671us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberovbc:OtherLoanMember2025-12-310000894671us-gaap:RealEstateMember2025-12-310000894671ovbc:BusinessAssetsMember2025-12-310000894671us-gaap:CollateralPledgedMember2025-12-3100008946712025-01-012025-12-310000894671us-gaap:ResidentialMortgageMember2026-06-300000894671us-gaap:CommercialLoanMember2026-06-300000894671us-gaap:FederalHomeLoanBankCertificatesAndObligationsFHLBMember2026-06-300000894671us-gaap:FederalHomeLoanBankAdvancesMember2026-06-300000894671srt:MinimumMember2026-06-300000894671srt:MaximumMember2026-06-300000894671srt:WeightedAverageMember2026-06-300000894671srt:WeightedAverageMember2025-12-310000894671us-gaap:LineOfCreditMember2026-06-300000894671us-gaap:LoansPayableMember2026-01-012026-06-300000894671us-gaap:LoansPayableMember2026-06-300000894671srt:WeightedAverageMemberus-gaap:LoansPayableMember2026-06-300000894671srt:WeightedAverageMemberus-gaap:LoansPayableMember2025-12-310000894671us-gaap:LoansPayableMember2025-12-310000894671us-gaap:LineOfCreditMember2025-12-310000894671us-gaap:FederalHomeLoanBankAdvancesMember2025-12-31xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesovbc:Subsidiariesovbc:Segmentxbrli:pureovbc:Securityovbc:Propertyovbc:Bankovbc:Promissorynote

Ohio Valley Banc Corp - 10-Q quarterly report FY2026 Q2

What is the market capitalization of a company?

DISCLAIMER

Contact

Links