Loans and Allowance for Credit Losses on Loans

Schedule of changes in the allowance for loan losses by segment of loans based on method of impairment



			Provision for
	Beginning		(Release of)						Ending
Allowance for credit losses	Balance		Credit Losses ¹		Charge-offs		Recoveries		Balance
Three months ended March 31, 2025
Commercial	$	7,813	$	3,448	$	3,446	$	32	$	7,847
Leases		2,136		148		107		14		2,191
Commercial real estate – investor		14,528		1,094		-		14		15,636
Commercial real estate – owner occupied		10,036		(2,730)		47		8		7,267
Construction		3,581		(91)		821		-		2,669
Residential real estate – investor		553		7		-		2		562
Residential real estate – owner occupied		1,509		301		-		30		1,840
Multifamily		1,876		(23)		-		-		1,853
HELOC		1,578		88		-		12		1,678
Other		9		43		108		64		8
Total	$	43,619	$	2,285	$	4,529	$	176	$	41,551

¹ Amount does not include the provision for unfunded commitment liability.



	Beginning		Provision for							Ending
Allowance for credit losses	Balance		(Release of)							Balance
Three months ended March 31, 2024	January 1, 2024		Credit Losses ¹		Charge-offs		Recoveries			March 31, 2024

Commercial	$	3,998	$	2,326	$	15	$	73	$	6,382
Leases		2,952		(33)		-		40		2,959
Commercial real estate – investor		17,105		(902)		16		83		16,270
Commercial real estate – owner occupied		12,280		2,580		3,887		19		10,992
Construction		1,038		59		-		-		1,097
Residential real estate – investor		669		(35)		-		2		636
Residential real estate – owner occupied		1,821		(169)		-		8		1,660
Multifamily		2,728		(135)		-		-		2,593
HELOC		1,656		(165)		-		17		1,508
Other		17		18		70		51		16
Total	$	44,264	$	3,544	$	3,988	$	293	$	44,113

¹ Amount does not include the provision for unfunded commitment liability.

Schedule of aged analysis of past due loans by class of loans


													90 days or
					90 Days or								Greater Past
	30-59 Days		60-89 Days		Greater Past		Total Past						Due and
March 31, 2025	Past Due		Past Due		Due		Due		Current		Total Loans		Accruing
Commercial	$	1,754		75		2,837		4,666		728,208	$	732,874	$	1,397
Leases		3,066		306		592		3,964		501,491		505,455		-
Commercial real estate – investor		942		-		-		942		1,104,498		1,105,440		-
Commercial real estate – owner occupied		8,857		221		68		9,146		660,818		669,964		-
Construction		255		343		4,989		5,587		200,252		205,839		-
Residential real estate – investor		760		-		64		824		49,279		50,103		-
Residential real estate – owner occupied		3,168		547		505		4,220		206,019		210,239		-
Multifamily		1,329		192		210		1,731		339,522		341,253		-
HELOC		936		54		211		1,201		103,374		104,575
Other		23		4		-		27		14,463		14,490		-
Total	$	21,090	$	1,742	$	9,476	$	32,308	$	3,907,924	$	3,940,232	$	1,397


													90 days or
					90 Days or								Greater Past
	30-59 Days		60-89 Days		Greater Past		Total Past						Due and
December 31, 2024	Past Due		Past Due		Due		Due		Current		Total Loans		Accruing
Commercial	$	219	$	95	$	6,963	$	7,277	$	793,199	$	800,476	$	1,397
Leases		1,438		372		352		2,162		489,586		491,748		-
Commercial real estate – investor		2,021		402		-		2,423		1,076,406		1,078,829		-
Commercial real estate – owner occupied		1,123		2,479		43		3,645		679,638		683,283		-
Construction		-		-		5,799		5,799		195,917		201,716		-
Residential real estate – investor		763		-		439		1,202		48,396		49,598		-
Residential real estate – owner occupied		2,489		90		509		3,088		203,861		206,949		-
Multifamily		-		233		1,040		1,273		350,052		351,325		-
HELOC		109		74		202		385		103,003		103,388		39
Other		13		10		-		23		14,001		14,024		-
Total	$	8,175	$	3,755	$	15,347	$	27,277	$	3,954,059	$	3,981,336	$	1,436

Schedule of credit quality indicators by class of loans

Credit quality indicators by loan segment and loan origination date at March 31, 2025, were as follows:


	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted To Term Loans		Total
Commercial
Pass	$	56,946	$	238,066	$	151,345	$	45,739	$	16,129	$	10,278	$	184,590	$	-	$	703,093
Special Mention		3,755		655		1,760		109		526		23		2,146		-		8,974
Substandard		-		-		-		4,077		71		-		16,659		-		20,807
Total commercial		60,701		238,721		153,105		49,925		16,726		10,301		203,395		-		732,874

Leases
Pass		54,802		226,657	$	138,383		57,077		20,569		6,326		-		-		503,814
Special Mention		-		-		-		793		-		-		-		-		793
Substandard		-		-		106		742		-		-		-		-		848
Total leases		54,802		226,657		138,489		58,612		20,569		6,326		-		-		505,455

Commercial real estate – investor
Pass		65,072		243,489		145,317		299,596		186,094		145,284		6,289		-		1,091,141
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		323		1,645		-		-		12,331		-		-		14,299
Total commercial real estate – investor		65,072		243,812		146,962		299,596		186,094		157,615		6,289		-		1,105,440

Commercial real estate – owner occupied
Pass		10,662		87,090		111,382		131,809		126,210		146,840		16,021		-		630,014
Special Mention		1,544		-		87		7,867		303		3,331		-		-		13,132
Substandard		-		-		131		1,167		10,652		14,868		-		-		26,818
Total commercial real estate – owner occupied		12,206		87,090		111,600		140,843		137,165		165,039		16,021		-		669,964

Construction
Pass		1,931		49,579		28,828		80,810		17,237		1,057		280		-		179,722
Special Mention		-		-		-		7,572		-		344		-		-		7,916
Substandard		-		-		-		18,201		-		-		-		-		18,201
Total construction		1,931		49,579		28,828		106,583		17,237		1,401		280		-		205,839

Residential real estate – investor
Pass		1,144		5,699		3,791		13,067		9,025		14,541		1,553		-		48,820
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		514		769		-		-		1,283
Total residential real estate – investor		1,144		5,699		3,791		13,067		9,539		15,310		1,553		-		50,103

Residential real estate – owner occupied
Pass		8,183		12,924		29,249		35,182		32,177		89,644		1,121		-		208,480
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		105		-		149		1,505		-		-		1,759
Total residential real estate – owner occupied		8,183		12,924		29,354		35,182		32,326		91,149		1,121		-		210,239

Multifamily
Pass		11,798		38,520		54,598		66,790		98,972		69,076		367		-		340,121
Special Mention		-		-		-		800		-		-		-		-		800
Substandard		-		-		-		122		-		210		-		-		332
Total multifamily		11,798		38,520		54,598		67,712		98,972		69,286		367		-		341,253

HELOC
Pass		665		2,574		2,424		1,947		364		4,927		90,988		-		103,889
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		243		443		-		686
Total HELOC		665		2,574		2,424		1,947		364		5,170		91,431		-		104,575

Other
Pass		1,880		5,195		1,409		1,258		474		81		4,183				14,480
Special Mention		-		-		-		-		-		-		-				-
Substandard		5		-		-		5		-		-		-				10
Total other		1,885		5,195		1,409		1,263		474		81		4,183		-		14,490

Total loans
Pass		213,083		909,793		666,726		733,275		507,251		488,054		305,392		-		3,823,574
Special Mention		5,299		655		1,847		17,141		829		3,698		2,146		-		31,615
Substandard		5		323		1,987		24,314		11,386		29,926		17,102		-		85,043
Total loans	$	218,387	$	910,771	$	670,560	$	774,730	$	519,466	$	521,678	$	324,640	$	-	$	3,940,232

Credit quality indicators by loan segment and loan origination date at December 31, 2024, were as follows:


	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted To Term Loans		Total
Commercial
Pass	$	299,863	$	176,549	$	56,619	$	18,679	$	4,999	$	6,527	$	201,514	$	1,279	$	766,029
Special Mention		3,864		1,629		127		176		-		-		3,903		-		9,699
Substandard		-		14		4,169		77		-		-		19,102		-		23,362
Doubtful		-		-		-		1,386		-		-		-		-		1,386
Total commercial		303,727		178,192		60,915		20,318		4,999		6,527		224,519		1,279		800,476

Leases
Pass		239,664		151,372	$	66,379		24,546		6,145		2,298		-		-		490,404
Special Mention		-		-		821		-		-		-		-		-		821
Substandard		-		-		523		-		-		-		-		-		523
Total leases		239,664		151,372		67,723		24,546		6,145		2,298		-		-		491,748

Commercial real estate – investor
Pass		243,983		159,008		305,506		191,651		90,245		67,143		6,804		-		1,064,340
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		335		1,645		-		-		-		12,509		-		-		14,489
Total commercial real estate – investor		244,318		160,653		305,506		191,651		90,245		79,652		6,804		-		1,078,829

Commercial real estate – owner occupied
Pass		91,012		114,255		133,488		121,652		77,919		82,820		14,284		-		635,430
Special Mention		-		1,162		7,908		7,500		3,033		631		-		-		20,234
Substandard		-		125		1,168		11,241		9,897		5,188		-		-		27,619
Total commercial real estate – owner occupied		91,012		115,542		142,564		140,393		90,849		88,639		14,284		-		683,283

Construction
Pass		44,699		27,928		83,222		17,747		82		1,081		468		-		175,227
Special Mention		-		-		6,794		-		-		344		-		-		7,138
Substandard		-		-		19,351		-		-		-		-		-		19,351
Total construction		44,699		27,928		109,367		17,747		82		1,425		468		-		201,716

Residential real estate – investor
Pass		5,595		3,833		13,366		8,060		5,693		9,813		1,548		-		47,908
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		375		532		-		783		-		-		1,690
Total residential real estate – investor		5,595		3,833		13,741		8,592		5,693		10,596		1,548		-		49,598

Residential real estate – owner occupied
Pass		11,609		29,670		35,786		32,760		22,996		71,507		770		-		205,098
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		151		-		1,700		-		-		1,851
Total residential real estate – owner occupied		11,609		29,670		35,786		32,911		22,996		73,207		770		-		206,949

Multifamily
Pass		39,133		68,781		68,032		100,049		29,060		44,735		370		-		350,160
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		962		-		203		-		-		-		1,165
Total multifamily		39,133		68,781		68,994		100,049		29,263		44,735		370		-		351,325

HELOC
Pass		2,602		2,561		2,118		383		1,383		3,752		90,042		-		102,841
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		39		214		294		-		547
Total HELOC		2,602		2,561		2,118		383		1,422		3,966		90,336		-		103,388

Other
Pass		6,521		1,559		1,438		639		92		7		3,758				14,014
Special Mention		-		-		-		-		-		-		-				-
Substandard		-		5		5		-		-		-		-				10
Total other		6,521		1,564		1,443		639		92		7		3,758		-		14,024

Total loans
Pass		984,681		735,516		765,954		516,166		238,614		289,683		319,558		1,279		3,851,451
Special Mention		3,864		2,791		15,650		7,676		3,033		975		3,903		-		37,892
Substandard		335		1,789		26,553		12,001		10,139		20,394		19,396		-		90,607
Doubtful		-		-		-		1,386		-		-		-		-		1,386
Total loans	$	988,880	$	740,096	$	808,157	$	537,229	$	251,786	$	311,052	$	342,857	$	1,279	$	3,981,336

Schedule of class of financing receivable


Three months ended March 31, 2025	Term Extension		Combination - Term Extension, Interest Rate Modification, Payment Modification, and Principal Reduction		Combination - Term Extension and Interest Rate Modification		Combination - Term Extension and Payment Modification ¹		Total Loans Modified		% of Total Loan Segment Modified to Total Loan Segment
Commercial	$	312	$	-	$	-	$	6,547	$	6,859	0.9%
Commercial real estate – investor		-		-		12,331		-		12,331	1.1%
Commercial real estate – owner occupied		13,102		-		-		1,167		14,269	2.1%
Construction		13,212		-		-		-		13,212	6.4%
Total	$	26,626	$	-	$	12,331	$	7,714	$	46,671	1.2%

¹ Payment modifications are either contractual delays in payment or a modificationof the payment amount.


Three months ended March 31, 2024	Term Extension		Combination - Term Extension, Interest Rate Modification, Payment Modification, and Principal Reduction		Combination - Term Extension and Interest Rate Modification		Combination - Term Extension and Payment Modification ¹		Total Loans Modified		% of Total Loan Segment Modified to Total Loan Segment
Commercial	$	247	$	-	$	-	$	-	$	247	0.0%
Commercial real estate – investor		-		-		-		1,958		1,958	0.2%
Commercial real estate – owner occupied		12,244		-		3,309		854		16,407	2.1%
Construction		-		-		-		-		-	0.0%
Total	$	12,491	$	-	$	3,309	$	2,812	$	18,612	0.5%

¹ Payment modifications are either contractual delays in payment or a modificationof the payment amount.


March 31, 2025	30-59 days past due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Modifications
Commercial	$	-	$	-	$	-	$	-	$	9,950	$	9,950
Commercial real estate – investor		-		-		-		-		12,331		12,331
Commercial real estate – owner occupied		-		-		-		-		17,592		17,592
Construction		-		-		-		-		13,212		13,212
Residential real estate – owner occupied		-		-		-		-		-		-
Multifamily		-		-		-		-		1,191		1,191
HELOC		-		-		-		-		-		-
Total	$	-	$	-	$	-	$	-	$	54,276	$	54,276


March 31, 2024	30-59 days past due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Modifications
Commercial	$	-	$	-	$	838	$	838	$	3,653	$	4,491
Commercial real estate – investor		-		-		-		-		22,106		22,106
Commercial real estate – owner occupied		-		3,443		12,639		16,082		16,407		32,489
Construction		-		-		-		-		-		-
Residential real estate – owner occupied		-		-		-		-		116		116
Multifamily		-		-		-		-		235		235
HELOC		-		-		-		-		88		88
Total	$	-	$	3,443	$	13,477	$	16,920	$	42,605	$	59,525


Three months ended March 31, 2025	Weighted-Average Term Extension (In Months)		Weighted-Average Interest Rate Change			Weighted-Average Delay of Payment (In Months)
Commercial		3.00		-	%		2.00
Commercial real estate – investor		9.00		(1.00)			-
Commercial real estate – owner occupied		3.44		-			2.00
Construction		9.00		-			-
Total		6.42		(1.00)	%		2.00


Three months ended March 31, 2024	Weighted-Average Term Extension (In Months)		Weighted-Average Interest Rate Change			Weighted-Average Delay of Payment (In Months)
Commercial		4.00		-	%		-
Commercial real estate – investor		24.00		-			-
Commercial real estate – owner occupied		5.24		0.15			-
Construction		-		-			-
Total		7.20		0.15	%		-