XML 54 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Loans (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Summary of Loan Categories
A summary of loan categories is as follows:
December 31,
(In thousands)20242023
Commercial and industrial$559,262 $498,502 
Real estate:
Commercial:
Mortgage 119,194 118,371 
Construction 9,134 8,233 
Faith-based:
Mortgage 368,881 381,368 
Construction 25,518 7,790 
Other — 54 
Total loans $1,081,989 $1,014,318 
Schedule of Debt The following table presents the aging of loans by loan categories at December 31, 2024:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90 Days
and
Over		Non-
accrual		Total
Loans
Commercial and industrial$559,262 $— $— $— $— $559,262 
Real estate
Commercial:
Mortgage119,194 — — — — 119,194 
Construction9,134 — — — — 9,134 
Faith-based:
Mortgage368,881 — — — — 368,881 
Construction25,518 — — — — 25,518 
Total$1,081,989 $— $— $— $— $1,081,989 
The following table presents the aging of loans by loan categories at December 31, 2023:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90 Days
and
Over		Non-
accrual		Total
Loans
Commercial and industrial$498,502 $— $— $— $— $498,502 
Real estate
Commercial:
Mortgage118,371 — — — — 118,371 
Construction8,233 — — — — 8,233 
Faith-based:
Mortgage381,368 — — — — 381,368 
Construction7,790 — — — — 7,790 
Other54 — — — — 54 
Total$1,014,318 $— $— $— $— $1,014,318 
Schedule of Credit Exposure of the Loan Portfolio
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2024:
(In thousands)
Loans
Subject to
Normal
Monitoring(1)
Performing
Loans Subject to
Special
Monitoring(2)
Nonperforming
Loans Subject
to Special
Monitoring(2)
Total Loans
Commercial and industrial $527,690 $31,572 $— $559,262 
Real estate
Commercial:
Mortgage 116,063 3,131 — 119,194 
Construction 9,134 — — 9,134 
Faith-based:
Mortgage 352,356 16,525 — 368,881 
Construction 25,518 — — 25,518 
Total $1,030,761 $51,228 $— $1,081,989 
(1)Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk and have the apparent ability to satisfy their loan obligation.
(2)Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a higher level of management attention.
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2023:
(In thousands)
Loans
Subject to
Normal
Monitoring(1)
Performing
Loans Subject to
Special
Monitoring(2)
Nonperforming
Loans Subject
to Special
Monitoring(2)
Total Loans
Commercial and industrial $498,502 $— $— $498,502 
Real estate
Commercial:
Mortgage 118,371 — — 118,371 
Construction 8,233 — — 8,233 
Faith-based:
Mortgage 375,865 5,503 — 381,368 
Construction 7,790 — — 7,790 
Other54 — — 54 
Total $1,008,815 $5,503 $— $1,014,318 
(1)Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk and have the apparent ability to satisfy their loan obligation.
(2)Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a higher level of management attention.
A summary of the ACL by category for the period ended December 31, 2024 is as follows:
(In thousands)C&ICREFaith-based CREConstructionTotal
Allowance for credit losses on loans:
Balance at January 1, 2024
$5,412 $1,093 $6,476 $108 $13,089 
Provision for (release of) credit losses (1)
485 (70)(218)109 306 
Balance at December 31, 2024
$5,897 $1,023 $6,258 $217 $13,395 
(1)
For the period ended December 31, 2024, there was a provision for credit losses of $141,000 for unfunded commitments.

A summary of the ACL by category for the period ended December 31, 2023 is as follows:
(In thousands)C&ICREFaith-based CREConstructionTotal
Allowance for credit losses on loans:
Balance at January 1,2023
$5,978 $940 $6,437 $184 $13,539 
(Release of) provision for credit losses (1)
(566)153 39 (76)(450)
Balance at December 31, 2023
$5,412 $1,093 $6,476 $108 $13,089 
(1)
For the period ended December 31, 2023, there was a release of credit losses of $100,000 for unfunded commitments.
As of December 31, 2024 and 2023, there were no loans to executive officers or directors, or their affiliates.
Summary of ACL by Category
A summary of the ACL by category for the period ended December 31, 2024 is as follows:
(In thousands)C&ICREFaith-based CREConstructionTotal
Allowance for credit losses on loans:
Balance at January 1, 2024
$5,412 $1,093 $6,476 $108 $13,089 
Provision for (release of) credit losses (1)
485 (70)(218)109 306 
Balance at December 31, 2024
$5,897 $1,023 $6,258 $217 $13,395 
(1)
For the period ended December 31, 2024, there was a provision for credit losses of $141,000 for unfunded commitments.

A summary of the ACL by category for the period ended December 31, 2023 is as follows:
(In thousands)C&ICREFaith-based CREConstructionTotal
Allowance for credit losses on loans:
Balance at January 1,2023
$5,978 $940 $6,437 $184 $13,539 
(Release of) provision for credit losses (1)
(566)153 39 (76)(450)
Balance at December 31, 2023
$5,412 $1,093 $6,476 $108 $13,089 
(1)
For the period ended December 31, 2023, there was a release of credit losses of $100,000 for unfunded commitments.