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Loans
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans Loans
We estimate the ACL based on relevant available information from both internal and external sources, including historical loss trends, current conditions and forecasts, specific analysis of individual loans, and other relevant and appropriate factors. The ACL process is designed to provide for expected future losses based on our reasonable and supportable (“R&S”) forecast as of the reporting date. Our ACL process is administered by our Risk Management group utilizing a third party software solution, with significant input and ultimate approval from our Executive Enterprise Risk Committee. Further, we have established a current expected credit loss ("CECL") Forecast Committee, which includes a cross discipline structure with membership from Executive Management, Risk Management, Credit Administration and Accounting, which approves ACL model assumptions each quarter. Our ACL is comprised of three principal elements: (i) specific analysis of individual loans identified during the review of the loan portfolio, (ii) pooled analysis of loans with similar risk characteristics based on historical experience, adjusted for current conditions, R&S forecasts, and expected prepayments, and (iii) additional allowances based on subjective factors, including local and general economic business factors and trends, portfolio concentrations and changes in the size and/or the general terms of the loan portfolio.
The first ACL element (specific allocations) includes loans that do not share similar risk characteristics and are evaluated on an individual basis. We will typically evaluate on an individual basis loans that are on nonaccrual; commercial loans that have been modified resulting in a concession, for which the borrower is experiencing financial difficulties, and which are considered loan modifications or with well defined weaknesses; and severely delinquent mortgage and installment loans. When we determine that foreclosure is probable or when repayment is expected to be provided substantially through the operation or sale of underlying collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for estimated selling costs. For loans evaluated on an individual basis that are not determined to be collateral dependent, a discounted cash flow analysis is performed to determine expected credit losses.
The second ACL element (pooled analysis) includes loans with similar risk characteristics, which are broken down by segment, class, and risk metric. The Bank’s primary segments of commercial, mortgage, and installment loans are further classified by other relevant attributes, such as collateral type, lien position, occupancy status, amortization method, and balance size. Commercial classes are additionally segmented by risk rating, and mortgage and installment loan classes by credit score tier, which are updated at least semi-annually.
We utilize a discounted cash flow (“DCF”) model to estimate expected future losses for pooled loans. Expected future cash flows are developed from payment schedules over the contractual term, adjusted for forecasted default (probability of default), loss, and prepayment assumptions. We are not required to develop forecasts over the full contractual term of the financial asset or group of financial assets. Rather, for periods beyond which we are able to make or obtain R&S forecasts of expected credit losses, we revert to the long term average on a straight line or immediate basis, as determined by our CECL Forecast Committee, and which may vary depending on the economic outlook and uncertainty.
The DCF model for the mortgage and installment pooled loan segments includes using probability of default (“PD”) assumptions that are derived through regression analysis with forecasted US unemployment levels by credit score tier. We review a composite forecast of approximately 50 analysts as well as the Federal Open Market Committee (“FOMC”) projections in setting the unemployment forecast for the R&S period. The current ACL utilizes a one year R&S forecast followed by immediate reversion to the 75 year average unemployment rate. PD assumptions for the remaining segments are based primarily on historical rates by risk metric as defaults were not strongly correlated with any economic indicator. Loss given default (“LGD”) assumptions for the mortgage loan segment are based on a two year forecast followed by a two year straight line reversion period to the longer term average, while LGD rates for the remaining segments are the historical average for the entire period. Prepayment assumptions represent average rates per segment for a period determined by the CECL Forecast Committee and as calculated through the Bank’s Asset and Liability Management program.
Pooled reserves for the commercial loan segment are calculated using the DCF model with assumptions generally based on historical averages by class and risk rating. Effective risk rating practices allow for strong predictability of defaults and losses over the portfolio’s expected shorter duration, relative to mortgage and installment loans. Our rating system is similar to those employed by state and federal banking regulators.
The third ACL element (additional allocations based on subjective factors) is based on factors that cannot be associated with a specific credit or loan category and reflects our attempt to ensure that the overall ACL appropriately reflects a margin for the imprecision necessarily inherent in the estimates of expected credit losses. We adjust our quantitative model for certain qualitative factors to reflect the extent to which management expects current conditions and R&S forecasts to differ from the conditions that existed for the period over which historical information was evaluated. The qualitative framework reflects changes related to relevant data, such as changes in asset quality trends, portfolio growth and
composition, national and local economic factors, credit policy and administration and other factors not considered in the base quantitative model. We utilize a survey completed by business unit management throughout the Bank, as well as discussion with the CECL Forecast Committee to establish reserves under the qualitative framework.
An analysis of the ACL by portfolio segment for the three months ended March 31, follows:
Commercial Mortgage Installment Subjective
Allocation 		Total
(In thousands)
2026
Balance at beginning of period$29,012 $20,914 $2,639 $10,880 $63,445 
Additions (deductions)    
Provision for credit losses189 93 163 95 540 
Recoveries credited to the allowance13 32 454 — 499 
Loans charged against the allowance(37)(5)(723)— (765)
Balance at end of period$29,177 $21,034 $2,533 $10,975 $63,719 
    
2025    
Balance at beginning of period$22,872 $22,317 $3,040 $11,150 $59,379 
Additions (deductions)    
Provision for credit losses1,379 (2,379)59 1,665 724 
Recoveries credited to the allowance46 122 382 — 550 
Loans charged against the allowance— (24)(594)— (618)
Balance at end of period$24,297 $20,036 $2,887 $12,815 $60,035 
Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:
Non-
Accrual
with no
Allowance
for Credit
Loss		Non-
Accrual
with an
Allowance
for Credit
Loss		Total
Non-
Accrual		90+ and
Still
Accruing		Total Non-
Performing
Loans
(In thousands)
March 31, 2026
Commercial
Commercial and industrial
$— $67 $67 $— $67 
Commercial real estate (1)
12,696 7,224 19,920 — 19,920 
Mortgage
1-4 family owner occupied - jumbo2,789 — 2,789 — 2,789 
1-4 family owner occupied - non-jumbo (2)1,366 1,181 2,547 — 2,547 
1-4 family non-owner occupied— 199 199 — 199 
1-4 family - 2nd lien465 784 1,249 — 1,249 
Resort lending— 57 57 — 57 
Installment
Boat lending— 273 273 — 273 
Recreational vehicle lending— 284 284 — 284 
Other— 188 188 — 188 
Total
$17,316 $10,257 $27,573 $— $27,573 
Accrued interest excluded from total$— $— $— $— $— 
December 31, 2025
Commercial
Commercial and industrial
$— $— $— $— $— 
Commercial real estate (1)
9,261 7,252 16,513 — 16,513 
Mortgage
1-4 family owner occupied - jumbo2,145 — 2,145 — 2,145 
1-4 family owner occupied - non-jumbo (2)1,700 670 2,370 — 2,370 
1-4 family non-owner occupied— 94 94 — 94 
1-4 family - 2nd lien200 888 1,088 — 1,088 
Resort lending— 57 57 — 57 
Installment
Boat lending— 308 308 — 308 
Recreational vehicle lending— 354 354 — 354 
Other— 198 198 — 198 
Total$13,306 $9,821 $23,127 $— $23,127 
Accrued interest excluded from total$— $— $— $— $— 
(1)Non-performing commercial real estate loans exclude $7.090 million and $7.018 million of government guaranteed loans at March 31, 2026 and December 31, 2025, respectively.
(2)Non-performing 1-4 family owner occupied – non jumbo loans exclude $3.112 million and $2.929 million of government guaranteed loans at March 31, 2026 and December 31, 2025, respectively.
The following table provides collateral information by class of loan for collateral-dependent loans with specific allocations of the ACL. A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and the repayment is expected to be provided substantially through the operation or sale of collateral.
The amortized cost of collateral-dependent loans by class follows:
Collateral TypeAllowance
for
Credit Losses
Real
Estate
Other (1)
(In thousands)
March 31, 2026
Commercial
Commercial and industrial$673 $9,740 $1,302 
Commercial real estate28,024 — 5,093 
Mortgage   
1-4 family owner occupied - jumbo2,790 — — 
1-4 family owner occupied - non-jumbo2,190 — 253 
1-4 family non-owner occupied121 — 43 
1-4 family - 2nd lien879 — 147 
Resort lending57 — 20 
Installment
Boat lending— 86 31 
Recreational vehicle lending— 546 159 
Other— 81 29 
Total$34,734 $10,453 $7,077 
Accrued interest excluded from total$18 $64  
December 31, 2025
Commercial
Commercial and industrial$680 $8,841 $1,631 
Commercial real estate28,047 — 4,541 
Mortgage
1-4 family owner occupied - jumbo2,147 — — 
1-4 family owner occupied - non-jumbo2,371 — 239 
1-4 family non-owner occupied22 — 8 
1-4 family - 2nd lien569 — 131 
Resort lending57 — 20 
Installment
Boat lending— 233 83 
Recreational vehicle lending— 237 84 
Other— 109 39 
Total$33,893 $9,420 $6,776 
Accrued interest excluded from total$73 $54  
(1) Commercial and industrial loan collateral generally includes machinery and equipment, accounts receivable, and inventory.
An aging analysis of loans by class follows:
Loans Past DueLoans not
Past Due		Total
Loans
30-59 days60-89 days90+ daysTotal
(In thousands)
March 31, 2026
Commercial
Commercial and industrial$67 $— $— $67 $1,205,123 $1,205,190 
Commercial real estate3,991 — 27,022 31,013 1,031,166 1,062,179 
Mortgage
1-4 family owner occupied - jumbo— 1,535 2,153 3,688 879,601 883,289 
1-4 family owner occupied - non-jumbo160 1,122 1,301 2,583 275,975 278,558 
1-4 family non-owner occupied48 309 42 399 174,109 174,508 
1-4 family - 2nd lien880 374 383 1,637 156,600 158,237 
Resort lending— — 57 57 25,709 25,766 
Installment
Boat lending348 74 75 497 267,286 267,783 
Recreational vehicle lending1,014 210 159 1,383 182,112 183,495 
Other288 62 64 414 68,680 69,094 
Total$6,796 $3,686 $31,256 $41,738 $4,266,361 $4,308,099 
Accrued interest excluded from total$71 $42 $— $113 $13,965 $14,078 
December 31, 2025
Commercial
Commercial and industrial$— $— $— $— $1,158,841 $1,158,841 
Commercial real estate— 22,988 3,900 26,888 1,027,828 1,054,716 
Mortgage
1-4 family owner occupied - jumbo716 660 2,164 3,540 875,221 878,761 
1-4 family owner occupied - non-jumbo1,381 757 1,301 3,439 286,123 289,562 
1-4 family non-owner occupied119 29 22 170 172,123 172,293 
1-4 family - 2nd lien270 235 460 965 156,632 157,597 
Resort lending— — 57 57 26,551 26,608 
Installment
Boat lending287 200 242 729 271,783 272,512 
Recreational vehicle lending550 205 230 985 190,872 191,857 
Other475 74 58 607 72,931 73,538 
Total$3,798 $25,148 $8,434 $37,380 $4,238,905 $4,276,285 
Accrued interest excluded from total$37 $78 $— $115 $13,837 $13,952 
During the three months ended March 31, 2026 there were no loans modified to a borrower experiencing financial difficulty.
During the three months ended March 31, 2025 there were two mortgage - 1-4 family owner occupied - non-jumbo loans modified to borrowers experiencing financial difficulty totaling $0.11 million (0.1% of the total loan class). Both of the loan modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2025 related to term extensions and added a weighted average of 12.0 years to the life of the loans. One of the loans modified during the three months ended March 31, 2025 also received a 4.75% interest rate reduction. Both of the loans modified during the three months ended March 31, 2025 were on non-accrual status.
As of March 31, 2026, none of the loans that were modified to borrowers experiencing financial difficulty within the past 12 months have subsequently defaulted.
A loan is generally considered to be in payment default once it is 90 days contractually past due under the modified terms for commercial loans and installment loans and when four consecutive payments are missed for mortgage loans.
In order to determine whether a borrower is experiencing financial difficulty, we perform an evaluation of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under our internal underwriting policy.
Credit Quality Indicators – As part of our on-going monitoring of the credit quality of our loan portfolios, we track certain credit quality indicators including (a) risk grade of commercial loans, (b) the level of classified commercial loans, (c) credit scores of mortgage and installment loan borrowers, and (d) delinquency history and non-performing loans.
For commercial loans, we use a loan rating system that is similar to those employed by state and federal banking regulators. Loans are graded on a scale of 1 to 12. A description of the general characteristics of the ratings follows:
Rating 1 through 6: These loans are generally referred to as our “non-watch” commercial credits that include very high or exceptional credit fundamentals through acceptable credit fundamentals.
Rating 7 and 8: These loans are generally referred to as our “watch” commercial credits. These ratings include loans to borrowers that exhibit potential credit weakness or downward trends. If not checked or cured these trends could weaken our asset or credit position. While potentially weak, no loss of principal or interest is envisioned with these ratings.
Rating 9: These loans are generally referred to as our “substandard accruing” commercial credits. This rating includes loans to borrowers that exhibit a well-defined weakness where payment default is probable and loss is possible if deficiencies are not corrected. Generally, loans with this rating are considered collectible as to both principal and interest primarily due to collateral coverage.
Rating 10 and 11: These loans are generally referred to as our ‘‘substandard - non-accrual’’ and ‘‘doubtful’’ commercial credits. These ratings include loans to borrowers with weaknesses that make collection of the loan in full, on the basis of current facts, conditions and values at best questionable and at worst improbable. All of these loans are placed in non-accrual.
Rating 12: These loans are generally referred to as our “loss” commercial credits. This rating includes loans to borrowers that are deemed incapable of repayment and are charged-off.
The following tables summarize loan ratings by loan class for our commercial portfolio loan segment at March 31, 2026 and December 31, 2025:
Commercial
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20262025202420232022Prior
(In thousands)
March 31, 2026
Commercial and industrial
Non-watch (1-6)$52,640 $218,751 $186,995 $114,724 $108,642 $137,169 $333,019 $1,151,940 
Watch (7-8)— 506 5,429 17,029 2,136 8,459 9,277 42,836 
Substandard Accrual (9)— 537 1,575 — — 1,007 7,228 10,347 
Non-Accrual (10-11)— — — — — 67 — 67 
Total$52,640 $219,794 $193,999 $131,753 $110,778 $146,702 $349,524 $1,205,190 
Accrued interest excluded from total$200 $683 $628 $531 $277 $417 $1,198 $3,934 
Current period gross charge-offs$— $— $— $37 $— $— $— $37 
Commercial real estate
Non-watch (1-6)$41,588 $225,842 $161,892 $171,294 $149,050 $202,822 $59,336 $1,011,824 
Watch (7-8)— 1,270 1,314 4,132 13,841 1,771 625 22,953 
Substandard Accrual (9)— — — 392 — — — 392 
Non-Accrual (10-11)— 8,246 490 18,274 — — — 27,010 
Total$41,588 $235,358 $163,696 $194,092 $162,891 $204,593 $59,961 $1,062,179 
Accrued interest excluded from total$103 $636 $554 $495 $524 $602 $222 $3,136 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Total Commercial
Non-watch (1-6)$94,228 $444,593 $348,887 $286,018 $257,692 $339,991 $392,355 $2,163,764 
Watch (7-8)— 1,776 6,743 21,161 15,977 10,230 9,902 65,789 
Substandard Accrual (9)— 537 1,575 392 — 1,007 7,228 10,739 
Non-Accrual (10-11)— 8,246 490 18,274 — 67 — 27,077 
Total$94,228 $455,152 $357,695 $325,845 $273,669 $351,295 $409,485 $2,267,369 
Accrued interest excluded from total$303 $1,319 $1,182 $1,026 $801 $1,019 $1,420 $7,070 
Current period gross charge-offs$— $— $— $37 $— $— $— $37 
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis 		Total
20252024202320222021Prior
(In thousands)
December 31, 2025
Commercial and industrial
Non-watch (1-6)$199,338 $188,309 $131,090 $115,518 $45,116 $140,699 $300,540 $1,120,610 
Watch (7-8)501 1,911 4,330 2,705 2,052 8,360 8,848 28,707 
Substandard Accrual (9)940 1,710 — — 820 275 5,779 9,524 
Non-Accrual (10-11)— — — — — — — — 
Total$200,779 $191,930 $135,420 $118,223 $47,988 $149,334 $315,167 $1,158,841 
Accrued interest excluded from total$564 $570 $477 $288 $95 $418 $1,139 $3,551 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial real estate
Non-watch (1-6)$204,584 $162,957 $167,203 $159,948 $66,116 $184,907 $56,611 $1,002,326 
Watch (7-8)— 823 4,162 13,887 — 4,840 625 24,337 
Substandard Accrual (9)3,348 — 396 — 126 652 — 4,522 
Non-Accrual (10-11)4,878 490 18,163 — — — — 23,531 
Total$212,810 $164,270 $189,924 $173,835 $66,242 $190,399 $57,236 $1,054,716 
Accrued interest excluded from total$695 $555 $494 $624 $141 $703 $138 $3,350 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Total Commercial
Non-watch (1-6)$403,922 $351,266 $298,293 $275,466 $111,232 $325,606 $357,151 $2,122,936 
Watch (7-8)501 2,734 8,492 16,592 2,052 13,200 9,473 53,044 
Substandard Accrual (9)4,288 1,710 396 — 946 927 5,779 14,046 
Non-Accrual (10-11)4,878 490 18,163 — — — — 23,531 
Total$413,589 $356,200 $325,344 $292,058 $114,230 $339,733 $372,403 $2,213,557 
Accrued interest excluded from total$1,259 $1,125 $971 $912 $236 $1,121 $1,277 $6,901 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
For each of our mortgage and installment portfolio segment classes, we generally monitor credit quality based on the credit scores of the borrowers. These credit scores are generally updated semi-annually.
The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at March 31, 2026 and December 31, 2025:
Mortgage (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20262025202420232022Prior
(In thousands)
March 31, 2026
1-4 family owner occupied - jumbo
800 and above$4,459 $11,810 $3,017 $13,173 $40,462 $89,007 $1,544 $163,472 
750-79912,518 53,298 30,763 21,667 88,661 238,470 — 445,377 
700-7492,996 18,325 11,069 11,234 32,699 97,752 520 174,595 
650-6991,849 9,498 4,460 7,513 15,669 29,585 1,466 70,040 
600-649— 1,264 863 1,567 1,168 7,354 — 12,216 
550-599— — — — 5,137 4,646 — 9,783 
500-549— — — 1,269 3,921 2,616 — 7,806 
Under 500— — — — — — — — 
Unknown— — — — — — — — 
Total$21,822 $94,195 $50,172 $56,423 $187,717 $469,430 $3,530 $883,289 
Accrued interest excluded from total$41 $462 $246 $294 $555 $1,132 $12 $2,742 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
1-4 family owner occupied - non-jumbo
800 and above$1,815 $770 $2,067 $3,701 $12,692 $23,827 $6,243 $51,115 
750-7992,938 818 5,080 9,171 26,731 51,504 13,819 110,061 
700-749826 1,512 4,965 3,471 9,264 30,644 6,175 56,857 
650-699663 1,605 786 1,956 5,013 16,847 1,730 28,600 
600-649— 240 251 213 2,656 10,390 216 13,966 
550-599— — — 380 1,562 7,144 41 9,127 
500-549— — — — 290 5,897 55 6,242 
Under 500— — 85 — 595 1,910 — 2,590 
Unknown— — — — — — — — 
Total$6,242 $4,945 $13,234 $18,892 $58,803 $148,163 $28,279 $278,558 
Accrued interest excluded from total$8 $123 $68 $80 $188 $466 $183 $1,116 
Current period gross charge-offs$— $— $— $— $— $5 $— $5 
1-4 family non-owner occupied
800 and above$449 $3,846 $1,085 $3,095 $3,376 $20,022 $670 $32,543 
750-7995,121 12,300 11,939 9,417 12,155 45,577 1,320 97,829 
700-749952 4,586 2,361 1,102 2,538 11,852 1,609 25,000 
650-699— 1,041 1,260 536 2,694 9,477 341 15,349 
600-649— — 707 — 76 1,431 — 2,214 
550-599182 — — — 367 682 — 1,231 
500-549— — — — — 300 — 300 
Under 500— — — — — 42 — 42 
Unknown— — — — — — — — 
Total$6,704 $21,773 $17,352 $14,150 $21,206 $89,383 $3,940 $174,508 
Accrued interest excluded from total$11 $94 $103 $67 $82 $281 $23 $661 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Mortgage - continued (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20262025202420232022Prior
(In thousands)
March 31, 2026 - continued
1-4 family - 2nd lien
800 and above$80 $1,206 $362 $347 $440 $2,128 $16,602 $21,165 
750-79992 2,853 2,411 1,798 1,441 5,519 58,674 72,788 
700-749— 2,431 1,399 1,357 1,573 3,870 29,934 40,564 
650-699— 831 433 434 445 1,766 11,469 15,378 
600-649— — 141 72 192 794 2,190 3,389 
550-599— 20 41 224 71 737 1,715 2,808 
500-549— — 24 400 108 713 424 1,669 
Under 500— — — 153 84 214 25 476 
Unknown— — — — — — — — 
Total$172 $7,341 $4,811 $4,785 $4,354 $15,741 $121,033 $158,237 
Accrued interest excluded from total$1 $24 $19 $20 $17 $50 $729 $860 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Resort lending
800 and above$— $— $— $— $— $4,521 $— $4,521 
750-79976 120 — 21 363 10,442 — 11,022 
700-749— — — — — 3,864 — 3,864 
650-699— — — — — 5,066 — 5,066 
600-649— — — — — 940 — 940 
550-599— — — — — — — — 
500-549— — — — — 353 — 353 
Under 500— — — — — — — — 
Unknown— — — — — — — — 
Total$76 $120 $— $21 $363 $25,186 $— $25,766 
Accrued interest excluded from total$— $1 $— $— $1 $117 $— $119 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Total Mortgage
800 and above$6,803 $17,632 $6,531 $20,316 $56,970 $139,505 $25,059 $272,816 
750-79920,745 69,389 50,193 42,074 129,351 351,512 73,813 737,077 
700-7494,774 26,854 19,794 17,164 46,074 147,982 38,238 300,880 
650-6992,512 12,975 6,939 10,439 23,821 62,741 15,006 134,433 
600-649— 1,504 1,962 1,852 4,092 20,909 2,406 32,725 
550-599182 20 41 604 7,137 13,209 1,756 22,949 
500-549— — 24 1,669 4,319 9,879 479 16,370 
Under 500— — 85 153 679 2,166 25 3,108 
Unknown— — — — — — — — 
Total$35,016 $128,374 $85,569 $94,271 $272,443 $747,903 $156,782 $1,520,358 
Accrued interest excluded from total$61 $704 $436 $461 $843 $2,046 $947 $5,498 
Current period gross charge-offs$— $— $— $— $— $5 $— $5 
Mortgage (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20252024202320222021Prior
(In thousands)
December 31, 2025
1-4 family owner occupied - jumbo
800 and above$10,135 $3,881 $13,290 $40,752 $55,563 $35,693 $1,668 $160,982 
750-79951,765 33,022 25,431 89,810 168,312 75,497 1,906 445,743 
700-74916,958 11,934 11,935 32,634 68,111 30,819 518 172,909 
650-6997,923 5,188 7,533 17,251 13,827 15,953 1,500 69,175 
600-6491,267 867 1,568 1,170 4,031 3,370 — 12,273 
550-599— — — 5,161 1,644 3,040 — 9,845 
500-549— — 1,273 3,936 720 1,905 — 7,834 
Under 500— — — — — — — — 
Unknown— — — — — — — — 
Total$88,048 $54,892 $61,030 $190,714 $312,208 $166,277 $5,592 $878,761 
Accrued interest excluded from total$388 $263 $302 $552 $695 $432 $43 $2,675 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
1-4 family owner occupied - non-jumbo
800 and above$5,270 $2,088 $4,148 $13,160 $9,606 $14,616 $4,613 $53,501 
750-7998,911 6,532 9,828 26,722 21,376 30,100 13,508 116,977 
700-7492,593 4,978 3,803 8,981 8,552 23,235 5,702 57,844 
650-6992,343 788 1,960 5,046 4,154 12,947 1,586 28,824 
600-649366 301 214 2,610 1,153 9,218 168 14,030 
550-599— — 382 1,570 721 6,547 41 9,261 
500-549— — — 291 779 5,303 60 6,433 
Under 500— 85 — 602 242 1,763 — 2,692 
Unknown— — — — — — — — 
Total$19,483 $14,772 $20,335 $58,982 $46,583 $103,729 $25,678 $289,562 
Accrued interest excluded from total$123 $94 $89 $180 $109 $377 $181 $1,153 
Current period gross charge-offs$— $— $— $19 $— $5 $— $24 
1-4 family non-owner occupied
800 and above$3,958 $2,399 $3,229 $3,693 $10,379 $10,302 $943 $34,903 
750-79913,466 10,671 9,247 13,152 26,912 19,293 1,452 94,193 
700-7494,343 2,349 1,174 2,551 3,439 8,540 1,618 24,014 
650-6991,046 1,263 487 2,747 3,427 6,127 402 15,499 
600-649— 708 — 77 — 1,470 — 2,255 
550-599— — — 367 — 717 — 1,084 
500-549— — — — 50 253 — 303 
Under 500— — — — — 42 — 42 
Unknown— — — — — — — — 
Total$22,813 $17,390 $14,137 $22,587 $44,207 $46,744 $4,415 $172,293 
Accrued interest excluded from total$96 $89 $70 $86 $115 $168 $30 $654 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Mortgage - continued (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20252024202320222021Prior
(In thousands)
December 31, 2025 - (continued)
1-4 family - 2nd lien
800 and above$1,256 $367 $351 $461 $789 $1,454 $16,797 $21,475 
750-7993,122 2,528 2,142 1,830 2,006 3,651 56,532 71,811 
700-7492,759 1,225 1,310 1,505 1,502 2,454 29,585 40,340 
650-699805 367 339 454 285 1,517 11,914 15,681 
600-649— 141 124 107 250 525 2,157 3,304 
550-599— 41 225 72 53 650 1,770 2,811 
500-549— 16 423 108 200 537 417 1,701 
Under 500— — 154 111 — 209 — 474 
Unknown— — — — — — — — 
Total$7,942 $4,685 $5,068 $4,648 $5,085 $10,997 $119,172 $157,597 
Accrued interest excluded from total$23 $18 $22 $19 $13 $37 $767 $899 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Resort lending
800 and above$— $— $— $— $524 $4,127 $— $4,651 
750-799121 — 22 366 156 10,704 — 11,369 
700-749— — — — 484 3,644 — 4,128 
650-699— — — — — 5,148 — 5,148 
600-649— — — — — 955 — 955 
550-599— — — — — — — — 
500-549— — — — — 357 — 357 
Under 500— — — — — — — — 
Unknown— — — — — — — — 
Total$121 $— $22 $366 $1,164 $24,935 $— $26,608 
Accrued interest excluded from total$1 $— $— $1 $3 $117 $— $122 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Total Mortgage
800 and above$20,619 $8,735 $21,018 $58,066 $76,861 $66,192 $24,021 $275,512 
750-79977,385 52,753 46,670 131,880 218,762 139,245 73,398 740,093 
700-74926,653 20,486 18,222 45,671 82,088 68,692 37,423 299,235 
650-69912,117 7,606 10,319 25,498 21,693 41,692 15,402 134,327 
600-6491,633 2,017 1,906 3,964 5,434 15,538 2,325 32,817 
550-599— 41 607 7,170 2,418 10,954 1,811 23,001 
500-549— 16 1,696 4,335 1,749 8,355 477 16,628 
Under 500— 85 154 713 242 2,014 — 3,208 
Unknown— — — — — — — — 
Total$138,407 $91,739 $100,592 $277,297 $409,247 $352,682 $154,857 $1,524,821 
Accrued interest excluded from total$631 $464 $483 $838 $935 $1,131 $1,021 $5,503 
Current period gross charge-offs$— $— $— $19 $— $5 $— $24 
(1)Credit scores have been updated within the last twelve months.
Installment (1)
Term Loans Amortized Cost Basis by Origination Year
20262025202420232022PriorTotal
(In thousands)
March 31, 2026
Boat lending
800 and above$969 $6,740 $3,932 $5,731 $6,756 $17,925 $42,053 
750-7994,632 31,474 19,521 22,127 22,573 45,098 145,425 
700-7491,928 10,954 9,927 8,494 9,540 16,816 57,659 
650-6991,053 2,383 2,505 2,341 2,267 5,999 16,548 
600-64914 897 362 589 740 1,346 3,948 
550-599— 32 186 117 271 885 1,491 
500-549— — 108 86 95 329 618 
Under 500— — — 35 — 6 41 
Unknown— — — — — — — 
Total$8,596 $52,480 $36,541 $39,520 $42,242 $88,404 $267,783 
Accrued interest excluded from total$29 $177 $141 $143 $93 $190 $773 
Current period gross charge-offs$— $— $29 $65 $9 $25 $128 
Recreational vehicle lending
800 and above$209 $705 $1,615 $2,732 $7,873 $15,703 $28,837 
750-799335 3,499 7,132 9,607 29,220 42,583 92,376 
700-749280 1,460 3,592 3,575 11,400 19,210 39,517 
650-6994 282 971 1,834 3,757 6,704 13,552 
600-649— 25 267 559 1,103 2,559 4,513 
550-599— — 128 219 610 1,537 2,494 
500-549— — 47 52 461 877 1,437 
Under 500— — 72 120 288 289 769 
Unknown— — — — — — — 
Total$828 $5,971 $13,824 $18,698 $54,712 $89,462 $183,495 
Accrued interest excluded from total$4 $23 $53 $67 $134 $199 $480 
Current period gross charge-offs$— $— $8 $11 $— $206 $225 
Other
800 and above$603 $1,244 $767 $1,014 $1,183 $1,474 $6,285 
750-7991,705 8,739 5,349 4,482 3,792 6,374 30,441 
700-7492,247 4,151 3,721 2,587 2,249 4,656 19,611 
650-6991,546 1,828 1,350 921 753 1,730 8,128 
600-6495 175 438 362 439 705 2,124 
550-599— 20 182 251 219 264 936 
500-549— 6 183 117 163 317 786 
Under 500— — 46 13 65 55 179 
Unknown604 — — — — — 604 
Total$6,710 $16,163 $12,036 $9,747 $8,863 $15,575 $69,094 
Accrued interest excluded from total$15 $63 $51 $37 $22 $69 $257 
Current period gross charge-offs$328 $4 $3 $13 $5 $17 $370 
Total installment
800 and above$1,781 $8,689 $6,314 $9,477 $15,812 $35,102 $77,175 
750-7996,672 43,712 32,002 36,216 55,585 94,055 268,242 
700-7494,455 16,565 17,240 14,656 23,189 40,682 116,787 
650-6992,603 4,493 4,826 5,096 6,777 14,433 38,228 
600-64919 1,097 1,067 1,510 2,282 4,610 10,585 
550-599— 52 496 587 1,100 2,686 4,921 
500-549— 6 338 255 719 1,523 2,841 
Under 500— — 118 168 353 350 989 
Unknown604 — — — — — 604 
Total$16,134 $74,614 $62,401 $67,965 $105,817 $193,441 $520,372 
Accrued interest excluded from total$48 $263 $245 $247 $249 $458 $1,510 
Current period gross charge-offs$328 $4 $40 $89 $14 $248 $723 
Installment - continued (1)
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorTotal
(In thousands)
December 31, 2025
Boat lending
800 and above$7,160 $4,306 $5,878 $7,190 $8,111 $11,036 $43,681 
750-79932,694 21,095 23,561 23,385 19,814 27,759 148,308 
700-74911,208 10,315 8,793 9,887 7,279 10,511 57,993 
650-6992,418 2,569 2,482 2,312 2,609 3,743 16,133 
600-649907 366 598 808 622 798 4,099 
550-59933 188 118 275 383 552 1,549 
500-549— 137 87 97 183 169 673 
Under 500— 35 35 — — 6 76 
Unknown— — — — — — — 
Total$54,420 $39,011 $41,552 $43,954 $39,001 $54,574 $272,512 
Accrued interest excluded from total$185 $151 $149 $96 $85 $112 $778 
Current period gross charge-offs$— $— $— $14 $— $19 $33 
Recreational vehicle lending
800 and above$771 $1,690 $2,923 $8,205 $8,940 $7,788 $30,317 
750-7993,706 7,485 10,133 30,410 27,020 17,972 96,726 
700-7491,498 3,830 3,849 11,937 12,930 7,192 41,236 
650-699287 987 1,862 3,865 4,747 2,234 13,982 
600-64926 276 576 1,143 1,858 833 4,712 
550-599— 129 222 622 968 614 2,555 
500-549— 55 54 469 663 292 1,533 
Under 500— 75 121 292 251 57 796 
Unknown— — — — — — — 
Total$6,288 $14,527 $19,740 $56,943 $57,377 $36,982 $191,857 
Accrued interest excluded from total$26 $54 $71 $138 $125 $82 $496 
Current period gross charge-offs$— $— $— $76 $72 $50 $198 
Other
800 and above$1,460 $900 $1,168 $1,408 $641 $933 $6,510 
750-7999,471 6,202 5,214 4,275 2,546 4,423 32,131 
700-7496,281 4,067 2,872 2,569 1,990 3,251 21,030 
650-6993,470 1,473 989 851 545 1,305 8,633 
600-649184 483 405 470 276 460 2,278 
550-59923 200 267 250 93 192 1,025 
500-5497 195 128 179 124 224 857 
Under 500— 48 14 91 35 32 220 
Unknown854 — — — — — 854 
Total$21,750 $13,568 $11,057 $10,093 $6,250 $10,820 $73,538 
Accrued interest excluded from total$72 $57 $43 $26 $16 $60 $274 
Current period gross charge-offs$310 $— $6 $31 $2 $14 $363 
Total installment
800 and above$9,391 $6,896 $9,969 $16,803 $17,692 $19,757 $80,508 
750-79945,871 34,782 38,908 58,070 49,380 50,154 277,165 
700-74918,987 18,212 15,514 24,393 22,199 20,954 120,259 
650-6996,175 5,029 5,333 7,028 7,901 7,282 38,748 
600-6491,117 1,125 1,579 2,421 2,756 2,091 11,089 
550-59956 517 607 1,147 1,444 1,358 5,129 
500-5497 387 269 745 970 685 3,063 
Under 500— 158 170 383 286 95 1,092 
Unknown854 — — — — — 854 
Total$82,458 $67,106 $72,349 $110,990 $102,628 $102,376 $537,907 
Accrued interest excluded from total$283 $262 $263 $260 $226 $254 $1,548 
Current period gross charge-offs$310 $— $6 $121 $74 $83 $594 
(1)Credit scores have been updated within the last twelve months.
Foreclosed residential real estate properties included in other real estate and repossessed assets, net on our interim Condensed Consolidated Statements of Financial Condition totaled $0.6 million and $0.8 million at March 31, 2026 and December 31, 2025, respectively. Retail mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements totaled $2.5 million and $1.9 million at March 31, 2026 and December 31, 2025, respectively.
During the three month periods ended March 31, 2026 and 2025, we sold $1.4 million and $8.8 million, respectively, of portfolio residential fixed rate mortgage loans servicing retained and recognized a gain on sale of $0.03 million and $0.22 million, respectively. These transactions were done primarily for asset/liability management purposes.