XML 37 R30.htm IDEA: XBRL DOCUMENT

Loans (Tables)

9 Months Ended

Sep. 30, 2025

Loans and Leases Receivable Disclosure [Abstract]

The Company’s loan portfolio consisted of the following as of the dates indicated (in thousands):


		Principal Amount Outstanding				Net Deferred Loan (Fees) Costs				Loans, Net
September 30, 2025
Commercial business		$	739,821			$	782			$	740,603
Commercial mortgage–construction			443,726				(2,692	)			441,034
Commercial mortgage–multifamily			593,380				(746	)			592,634
Commercial mortgage–non-owner occupied			895,038				(1,154	)			893,884
Commercial mortgage–owner occupied			321,555				—				321,555
Residential real estate loans			639,086				9,311				648,397
Residential real estate lines			72,901				3,208				76,109
Consumer indirect			812,833				25,838				838,671
Other consumer			37,597				(61	)			37,536
Total		$	4,555,937			$	34,486				4,590,423
Allowance for credit losses–loans											(47,292	)
Total loans, net										$	4,543,131
December 31, 2024
Commercial business		$	664,846			$	475			$	665,321
Commercial mortgage–construction			584,296				(1,677	)			582,619
Commercial mortgage–multifamily			471,499				(545	)			470,954
Commercial mortgage–non-owner occupied			859,079				(1,092	)			857,987
Commercial mortgage–owner occupied			288,042				(6	)			288,036
Residential real estate loans			639,466				10,740				650,206
Residential real estate lines			72,308				3,244				75,552
Consumer indirect			819,116				26,656				845,772
Other consumer			42,827				(70	)			42,757
Total		$	4,441,479			$	37,725				4,479,204
Allowance for credit losses–loans											(48,041	)
Total loans, net										$	4,431,163

Recorded Investment by Loan Class in Current and Nonaccrual Loans

The Company’s recorded investment, by loan class, in current and nonaccrual loans, as well as an analysis of accruing delinquent loans is set forth as of the dates indicated (in thousands):


		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days				Total Past Due				Nonaccrual				Current				Total Loans				Nonaccrual with no specific allowance
September 30, 2025
Commercial business		$	179			$	7			$	—			$	186			$	3,799			$	735,836			$	739,821			$	538
Commercial mortgage–construction			—				2,417				—				2,417				19,794				421,515				443,726				19,794
Commercial mortgage–multifamily			4,161				—				—				4,161				540				588,679				593,380				540
Commercial mortgage–non-owner occupied			—				—				—				—				—				895,038				895,038				—
Commercial mortgage–owner occupied			—				—				—				—				1,102				320,453				321,555				567
Residential real estate loans			1,897				126				—				2,023				5,877				631,186				639,086				5,877
Residential real estate lines			596				85				—				681				212				72,008				72,901				212
Consumer indirect			7,471				2,009				—				9,480				2,482				800,871				812,833				2,482
Other consumer			133				141				—				274				145				37,178				37,597				145
Total loans, gross		$	14,437			$	4,785			$	—			$	19,222			$	33,951			$	4,502,764			$	4,555,937			$	30,155
December 31, 2024
Commercial business		$	293			$	9			$	8			$	310			$	5,609			$	658,927			$	664,846			$	427
Commercial mortgage–construction			-				2,285				-				2,285				20,280				561,731				584,296				19,460
Commercial mortgage–multifamily			-				-				-				-				-				471,499				471,499				-
Commercial mortgage–non-owner occupied			256				-				-				256				4,773				854,050				859,079				4,773
Commercial mortgage–owner occupied			-				-				-				-				354				287,688				288,042				354
Residential real estate loans			3,435				95				-				3,530				6,918				629,018				639,466				6,918
Residential real estate lines			370				47				-				417				253				71,638				72,308				253
Consumer indirect			12,734				2,219				-				14,953				3,157				801,006				819,116				3,157
Other consumer			109				135				35				279				19				42,529				42,827				19
Total loans, gross		$	17,197			$	4,790			$	43			$	22,030			$	41,363			$	4,378,086			$	4,441,479			$	35,361

Amortized Cost basis of Loans Modified to Borrowers Experiencing Financial Difficulty

The following table presents the amortized cost basis of loans modified to borrowers experiencing financial difficulty, disaggregated by loan class and type of concession granted, for the following periods (in thousands):


		Term Extension
		Three months ended September 30,								Nine months ended September 30,
		2025				2024				2025				2024
Loan Type
Commercial business		$	—			$	—			$	—			$	—
Commercial mortgage–construction			—				—				—				—
Commercial mortgage–multifamily			—				—				—				—
Commercial mortgage–non-owner occupied			—				—				—				—
Commercial mortgage–owner occupied			—				—				—				—
Residential real estate loans			814				319				1,498				768
Residential real estate lines			—				—				—				—
Consumer indirect			—				—				—				—
Other consumer			—				—				—				—
Total		$	814			$	319			$	1,498			$	768

Financial Effect of the Modifications Made to Borrowers Experiencing Financial Difficulty

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2025 and 2024:


Term Extension
Loan Type		Financial Effect
Residential real estate loans		Added a weighted average 10.0 years to the life of the loan, which reduced the monthly payment amount for the borrower.

Performance of Loans that are Modified to Borrowers Experiencing Financial Difficulty

The following table depicts the performance of loans that have been modified in the twelve months ended September 30, 2025 (in thousands):


		Payment Status (Amortized Cost Basis)
		Current				30-89 Days Past Due				90+ Days Past Due
Loan Type
Commercial business		$	—			$	—			$	—
Commercial mortgage–construction			—				—				—
Commercial mortgage–multifamily			—				—				—
Commercial mortgage–non-owner occupied			—				—				—
Commercial mortgage–owner occupied			—				—				—
Residential real estate loans			1,358				—				140
Residential real estate lines			—				—				—
Consumer indirect			—				—				—
Other consumer			—				—				—
Total		$	1,358			$	—			$	140

Summary of Collateral Dependent Loans

The following table presents the amortized cost basis of collateral dependent loans by collateral type as of September 30, 2025 and December 31, 2024 (in thousands):


		Collateral type
		Business assets				Real property				Total				Specific Reserve

September 30, 2025
Commercial business		$	5,872			$	3,155			$	9,027			$	3,018
Commercial mortgage–construction			—				19,794				19,794				—
Commercial mortgage–multifamily			—				4,751				4,751				—
Commercial mortgage–non-owner occupied			—				12,994				12,994				—
Commercial mortgage–owner occupied			—				1,427				1,427				90
Total		$	5,872			$	42,121			$	47,993			$	3,108

December 31, 2024
Commercial business		$	5,860			$	5,000			$	10,860			$	2,073
Commercial mortgage–construction			—				29,792				29,792				820
Commercial mortgage–multifamily			—				—				—				—
Commercial mortgage–non-owner occupied			—				17,767				17,767				—
Commercial mortgage–owner occupied			—				720				720				—
Total		$	5,860			$	53,279			$	59,139			$	2,893

Commercial Loan Portfolio Categorized by Internally Assigned Asset Classification

The following tables set forth the Company’s commercial loan portfolio, categorized by internally assigned asset classification, as of the dates indicated (in thousands):


		Term Loans Amortized Cost Basis by Origination Year
		2025				2024				2023				2022				2021				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
September 30, 2025
Commercial business:
Uncriticized		$	100,179			$	95,543			$	78,534			$	70,148			$	35,693			$	26,945			$	307,062			$	—			$	714,104
Special mention			26				2,443				4,119				5				11				522				7,253				—				14,379
Substandard			—				117				321				8				—				173				7,860				—				8,479
Doubtful			—				62				—				3,099				21				172				287				—				3,641
Total		$	100,205			$	98,165			$	82,974			$	73,260			$	35,725			$	27,812			$	322,462			$	—			$	740,603
Current period gross write-offs		$	—			$	75			$	—			$	1,953			$	14			$	173			$	—			$	—			$	2,215

Commercial mortgage–construction
Uncriticized		$	31,139			$	90,014			$	144,738			$	137,431			$	—			$	5,993			$	—			$	—			$	409,315
Special mention			—				—				6,241				3,267				2,417				—				—				—				11,925
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				19,794				—				—				—				19,794
Total		$	31,139			$	90,014			$	150,979			$	140,698			$	22,211			$	5,993			$	—			$	—			$	441,034
Current period gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial mortgage–multifamily
Uncriticized		$	69,317			$	23,744			$	105,847			$	129,967			$	146,912			$	99,123			$	—			$	—			$	574,910
Special mention			—				—				—				316				4,583				7,418				—				—				12,317
Substandard			—				—				—				4,211				—				656				—				—				4,867
Doubtful			—				—				—				—				—				540				—				—				540
Total		$	69,317			$	23,744			$	105,847			$	134,494			$	151,495			$	107,737			$	—			$	—			$	592,634
Current period gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial mortgage–non-owner occupied
Uncriticized		$	105,314			$	86,403			$	68,679			$	238,220			$	78,024			$	298,392			$	—			$	—			$	875,032
Special mention			—				—				—				—				—				5,683				—				—				5,683
Substandard			—				—				12,994				—				—				175				—				—				13,169
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	105,314			$	86,403			$	81,673			$	238,220			$	78,024			$	304,250			$	—			$	—			$	893,884
Current period gross write-offs		$	—			$	—			$	—			$	—			$	—			$	597			$	—			$	—			$	597

Commercial mortgage–owner occupied
Uncriticized		$	24,181			$	69,091			$	23,805			$	63,734			$	37,786			$	96,682			$	—			$	—			$	315,279
Special mention			2,250				—				—				—				—				1,976				—				—				4,226
Substandard			—				—				—				—				202				746				—				—				948
Doubtful			—				—				—				—				—				1,102				—				—				1,102
Total		$	26,431			$	69,091			$	23,805			$	63,734			$	37,988			$	100,506			$	—			$	—			$	321,555
Current period gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

(4.) LOANS (Continued)


		Term Loans Amortized Cost Basis by Origination Year
		2024				2023				2022				2021				2020				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
December 31, 2024
Commercial business:
Uncriticized		$	121,094			$	90,618			$	69,669			$	43,566			$	20,745			$	19,409			$	267,186			$	-			$	632,287
Special mention			2,218				4,814				297				57				8				1,678				9,297				-				18,369
Substandard			169				937				20				19				22				184				7,789				-				9,140
Doubtful			-				-				5,039				21				-				172				293				-				5,525
Total		$	123,481			$	96,369			$	75,025			$	43,663			$	20,775			$	21,443			$	284,565			$	-			$	665,321
Current period gross write-offs		$	-			$	5			$	-			$	20			$	-			$	274			$	-			$	-			$	299

Commercial mortgage–construction
Uncriticized		$	52,470			$	175,559			$	311,182			$	3,753			$	341			$	6,516			$	-			$	-			$	549,821
Special mention			-				-				722				2,284				-				-				-				-				3,006
Substandard			-				-				-				-				-				9,512				-				-				9,512
Doubtful			-				820				-				19,460				-				-				-				-				20,280
Total		$	52,470			$	176,379			$	311,904			$	25,497			$	341			$	16,028			$	-			$	-			$	582,619
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Commercial mortgage–multifamily
Uncriticized		$	26,339			$	105,838			$	43,924			$	143,994			$	65,206			$	67,715			$	-			$	-			$	453,016
Special mention			-				-				3,625				-				6,825				6,234				-				-				16,684
Substandard			-				-				-				-				463				791				-				-				1,254
Doubtful			-				-				-				-				-				-				-				-				-
Total		$	26,339			$	105,838			$	47,549			$	143,994			$	72,494			$	74,740			$	-			$	-			$	470,954
Current period gross write-offs		$	-			$	-			$	-			$	13			$	-			$	-			$	-			$	-			$	13

Commercial mortgage–non-owner occupied
Uncriticized		$	83,677			$	66,338			$	245,618			$	99,175			$	82,368			$	250,316			$	-			$	-			$	827,492
Special mention			-				-				-				4,691				-				7,829				-				-				12,520
Substandard			-				12,994				-				208				-				-				-				-				13,202
Doubtful			-				-				293				-				-				4,480				-				-				4,773
Total		$	83,677			$	79,332			$	245,911			$	104,074			$	82,368			$	262,625			$	-			$	-			$	857,987
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Commercial mortgage–owner occupied
Uncriticized		$	67,060			$	41,274			$	48,517			$	34,049			$	43,528			$	50,967			$	-			$	-			$	285,395
Special mention			-				-				451				-				126				1,110				-				-				1,687
Substandard			-				-				224				-				366				10				-				-				600
Doubtful			-				-				-				-				-				354				-				-				354
Total		$	67,060			$	41,274			$	49,192			$	34,049			$	44,020			$	52,441			$	-			$	-			$	288,036
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Retail Loan Portfolio Categorized by Performance Status

The following tables set forth the Company’s retail loan portfolio, categorized by performance status, as of the dates indicated (in thousands):


		Term Loans Amortized Cost Basis by Origination Year
		2025				2024				2023				2022				2021				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
September 30, 2025
Residential real estate loans:
Performing		$	22,680			$	57,367			$	106,461			$	73,081			$	70,826			$	310,905			$	—			$	—			$	641,320
Nonperforming			—				112				514				506				1,005				3,748				—				—				5,885
Total		$	22,680			$	57,479			$	106,975			$	73,587			$	71,831			$	314,653			$	—			$	—			$	647,205
Current period gross write-offs		$	—			$	—			$	17			$	—			$	129			$	16			$	—			$	—			$	162

Residential real estate lines:
Performing		$	—			$	—			$	—			$	—			$	—			$	—			$	71,496			$	3,880			$	75,376
Nonperforming			—				—				—				—				—				—				141				158				299
Total		$	—			$	—			$	—			$	—			$	—			$	—			$	71,637			$	4,038			$	75,675
Current period gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	27			$	27

Consumer indirect:
Performing		$	158,095			$	187,733			$	151,811			$	185,473			$	111,617			$	36,152			$	—			$	—			$	830,881
Nonperforming			75				313				570				816				506				291				—				—				2,571
Total		$	158,170			$	188,046			$	152,381			$	186,289			$	112,123			$	36,443			$	—			$	—			$	833,452
Current period gross write-offs		$	17			$	1,095			$	1,915			$	3,163			$	1,918			$	869			$	—			$	—			$	8,977

Other consumer:
Performing		$	3,095			$	5,689			$	24,572			$	1,713			$	455			$	300			$	2,250			$	—			$	38,074
Nonperforming			—				10				171				7				—				—				37				—				225
Total		$	3,095			$	5,699			$	24,743			$	1,720			$	455			$	300			$	2,287			$	—			$	38,299
Current period gross write-offs		$	175			$	87			$	414			$	29			$	11			$	11			$	26			$	—			$	753


		Term Loans Amortized Cost Basis by Origination Year
		2024				2023				2022				2021				2020				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
December 31, 2024
Residential real estate loans:
Performing		$	54,345			$	110,882			$	75,264			$	73,754			$	99,943			$	229,100			$	-			$	-			$	643,288
Nonperforming			-				658				625				1,410				1,436				2,789				-				-				6,918
Total		$	54,345			$	111,540			$	75,889			$	75,164			$	101,379			$	231,889			$	-			$	-			$	650,206
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	109			$	-			$	-			$	109

Residential real estate lines:
Performing		$	-			$	-			$	-			$	-			$	-			$	-			$	71,059			$	4,240			$	75,299
Nonperforming			-				-				-				-				-				-				74				179				253
Total		$	-			$	-			$	-			$	-			$	-			$	-			$	71,133			$	4,419			$	75,552
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Consumer indirect:
Performing		$	215,964			$	183,917			$	235,262			$	149,499			$	41,773			$	16,200			$	-			$	-			$	842,615
Nonperforming			262				482				1,130				694				351				238				-				-				3,157
Total		$	216,226			$	184,399			$	236,392			$	150,193			$	42,124			$	16,438			$	-			$	-			$	845,772
Current period gross write-offs		$	361			$	4,814			$	5,964			$	4,621			$	1,708			$	1,511			$	-			$	-			$	18,979

Other consumer:
Performing		$	7,482			$	28,777			$	2,316			$	729			$	281			$	242			$	2,876			$	-			$	42,703
Nonperforming			3				2				1				6				1				-				41				-				54
Total		$	7,485			$	28,779			$	2,317			$	735			$	282			$	242			$	2,917			$	-			$	42,757
Current period gross write-offs		$	527			$	129			$	124			$	33			$	27			$	11			$	92			$	-			$	943

Changes in the Allowance for Loan Losses

The following table sets forth the changes in the allowance for credit losses – loans for the three and nine months ended September 30, 2025 and 2024 (in thousands):


						Commercial Mortgage																Residential Real Estate
		Commercial Business				Construction				Multi- family				Non-Owner Occupied				Owner Occupied				Loans				Lines				Consumer Indirect				Other Consumer				Total
Three months ended September 30, 2025
Allowance for credit losses–loans:
Beginning balance		$	8,996			$	4,514			$	3,930			$	8,868			$	3,087			$	4,638			$	969			$	11,783			$	506			$	47,291
Charge-offs			(140	)			—				—				—				—				—				—				(3,762	)			(447	)			(4,349	)
Recoveries			17				357				—				1				1				25				—				1,836				51				2,288
(Benefit) provision			897				(1,046	)			(131	)			299				378				(471	)			(48	)			1,828				356				2,062
Ending balance		$	9,770			$	3,825			$	3,799			$	9,168			$	3,466			$	4,192			$	921			$	11,685			$	466			$	47,292

Nine months ended September 30, 2025
Beginning balance		$	8,665			$	6,824			$	3,458			$	7,330			$	4,183			$	3,596			$	793			$	12,705			$	487			$	48,041
Charge-offs			(2,215	)			—				—				(597	)			—				(162	)			(27	)			(12,739	)			(1,200	)			(16,940	)
Recoveries			132				357				—				3				3				54				—				7,722				189				8,460
(Benefit) provision			3,188				(3,356	)			341				2,432				(720	)			704				155				3,997				990				7,731
Ending balance		$	9,770			$	3,825			$	3,799			$	9,168			$	3,466			$	4,192			$	921			$	11,685			$	466			$	47,292

						Commercial Mortgage																Residential Real Estate
		Commercial Business				Construction				Multi- family				Non-Owner Occupied				Owner Occupied				Loans				Lines				Consumer Indirect				Other Consumer				Total
Three months ended September 30, 2024
Allowance for credit losses–loans:
Beginning balance		$	12,246			$	3,746			$	3,449			$	6,052			$	2,118			$	4,211			$	769			$	10,842			$	519			$	43,952
Charge-offs			(40	)			—				(13	)			—				—				(2	)			—				(4,410	)			(187	)			(4,652	)
Recoveries			43				—				1				1				1				3				—				2,857				81				2,987
Provision			(3,774	)			1,656				(828	)			1,425				2,081				(417	)			64				2,057				127				2,391
Ending balance		$	8,475			$	5,402			$	2,609			$	7,478			$	4,200			$	3,795			$	833			$	11,346			$	540			$	44,678
Nine months ended September 30, 2024
Beginning balance		$	13,102			$	3,710			$	4,009			$	6,074			$	2,065			$	5,286			$	764			$	14,099			$	1,973				51,082
Charge-offs			(110	)			—				(13	)			—				—				(109	)			—				(14,373	)			(767	)			(15,372	)
Recoveries			143				—				—				3				4				10				—				9,003				301				9,464
Provision (benefit)			(4,660	)			1,692				(1,387	)			1,401				2,131				(1,392	)			69				2,617				(967	)			(496	)
Ending balance		$	8,475			$	5,402			$	2,609			$	7,478			$	4,200			$	3,795			$	833			$	11,346			$	540			$	44,678