Salisbury Bancorp, Inc. Reports Results for Fourth Quarter and Full Year 2022

• Fourth Quarter and Full Year 2022 Net Income of $0.71 and $2.75 per Basic Common Share, Respectively
• Robust Loan Growth of $174.1 million, or 16.5% for Full Year 2022, Excluding PPP Loans
• Non-performing Assets were 0.17% of Total Assets at December 31, 2022
• Common Equity Tier 1 and Total Capital Ratios of 12.2% and 13.4%, Respectively

LAKEVILLE, Conn., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. ("Salisbury"), (NASDAQ Capital Market: "SAL"), the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its fourth quarter and full year ended December 31, 2022.

Net income available to common shareholders was $4.1 million, or $0.71 per basic common share, for the fourth quarter ended December 31, 2022 (fourth quarter 2022), compared with $4.3 million, or $0.75 per basic common share, for the third quarter ended September 30, 2022 (third quarter 2022), and $4.1 million, or $0.72 per basic common share, for the fourth quarter ended December 31, 2021 (fourth quarter 2021). Net income for fourth quarter 2022 included costs of approximately $0.5 million, or $0.07 per basic share, related to Salisbury's previously announced merger agreement with NBT Bancorp ("NBT merger").