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Note 6 - Allowance for Credit Losses

12 Months Ended

Dec. 31, 2024

Note 6. Allowance for Credit Losses

The following tables present the changes in the allowance for credit losses, by loan segment, during the periods indicated.

	*Year Ended December 31, 2024*
(Amounts in thousands)	*Commercial*			*Consumer Real Estate*			*Consumer and Other*			*Total Allowance*

Total allowance
Balance at beginning of year:
Allowance for credit losses - loans	$	21,850		$	9,693		$	4,646		$	36,189
Allowance for credit losses - loan commitments		597			121			28			746
Total allowance for credit losses beginning of year		22,447			9,814			4,674			36,935
Provision for credit losses:
(Recovery of) provision for credit losses - loans		(1,227	)		175			5,054			4,002
(Recovery of) provision for credit losses - loan commitments		(426	)		17			4			(405	)
Total provision for credit losses - loans and loan commitments		(1,653	)		192			5,058			3,597
Charge-offs		(822	)		(336	)		(6,693	)		(7,851	)
Recoveries		617			375			1,493			2,485
Net (charge-offs) recoveries		(205	)		39			(5,200	)		(5,366	)
Allowance for credit losses - loans		20,418			9,907			4,500			34,825
Allowance for credit losses - loan commitments		171			138			32			341
Ending balance	$	20,589		$	10,045		$	4,532		$	35,166

	*Year Ended December 31, 2023*
(Amounts in thousands)	*Commercial*			*Consumer Real Estate*			*Consumer and Other*			*Total Allowance*

Total allowance
Balance at beginning of year:
Allowance for credit losses - loans	$	17,213		$	8,931		$	4,412		$	30,556
Allowance for credit losses - loan commitments		1,018			156			22			1,196
Total allowance for credit losses beginning of year		18,231			9,087			4,434			31,752
Purchased credit deteriorated -Surrey acquisition		1,452			529			30			2,011
Provision for credit losses:
Provision for (recovery of) credit losses - loans		2,217			125			6,093			8,435
(Recovery of) provision for credit losses - loan commitments		(421	)		(35	)		6			(450	)
Total provision for credit losses - loans and loan commitments		1,796			90			6,099			7,985
Charge-offs		(753	)		(412	)		(7,660	)		(8,825	)
Recoveries		1,721			520			1,771			4,012
Net (charge-offs) recoveries		968			108			(5,889	)		(4,813	)
Allowance for credit losses - loans		21,850			9,693			4,646			36,189
Allowance for credit losses - loan commitments		597			121			28			746
Ending balance	$	22,447		$	9,814		$	4,674		$	36,935