Loans, net and allowance for credit losses

Schedule of major classifications of loans by past due status


	March 31, 2025
					Greater								Loans > 90
	30-59 Days		60-89 Days		than 90		Total Past						Days and
(Dollars in thousands)	Past Due		Past Due		Days		Due		Current		Total Loans		Accruing
Commercial	$	1,126	$	863	$	1,601	$	3,590	$	655,268	$	658,858	$	174
Municipal										194,139		194,139
Real estate:
Commercial		2,748		257		7,954		10,959		2,264,282		2,275,241		89
Residential		3,269		75		1,901		5,245		554,822		560,067		389
Consumer		2,077		540		495		3,112		119,916		123,028		3
Equipment Financing		1,580		124		726		2,430		177,776		180,206
Total	$	10,800	$	1,859	$	12,677	$	25,336	$	3,966,203	$	3,991,539	$	655


	December 31, 2024
					Greater								Loans > 90
	30-59 Days		60-89 Days		than 90		Total Past						Days and
(Dollars in thousands)	Past Due		Past Due		Days		Due		Current		Total Loans		Accruing
Commercial	$	2,740	$	157	$	838	$	3,735	$	644,367	$	648,102	$
Municipal										187,918		187,918
Real estate:
Commercial		2,800		141		11,164		14,105		2,280,008		2,294,113
Residential		2,390		997		2,477		5,864		545,519		551,383		403
Consumer		2,393		539		492		3,424		129,445		132,869		55
Equipment Financing		639		1,259		815		2,713		176,407		179,120
Total	$	10,962	$	3,093	$	15,786	$	29,841	$	3,963,664	$	3,993,505	$	458

Schedule of major classification of loans portfolio summarized by credit quality


	As of March 31, 2025
(Dollars in thousands)		2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial
Pass	$	20,438	$	59,201	$	64,264	$	76,757	$	60,353	$	122,994	$	216,836	$	33	$	620,876
Special Mention				1,243		1,125		629		5,787		3,087		16,263				28,134
Substandard						503		721		869		544		7,211				9,848
Total Commercial		20,438		60,444		65,892		78,107		67,009		126,625		240,310		33		658,858

Municipal
Pass		3,609		9,903		5,828		49,590		98,208		25,381		1,620				194,139
Special Mention
Substandard
Total Municipal		3,609		9,903		5,828		49,590		98,208		25,381		1,620				194,139

Commercial real estate
Pass		38,674		165,661		191,904		634,715		509,062		672,720				545		2,213,281
Special Mention						44		1,206		4,100		26,774						32,124
Substandard				1,231		3,412		9,159		2,532		13,502						29,836
Total Commercial real estate		38,674		166,892		195,360		645,080		515,694		712,996				545		2,275,241

Residential real estate
Pass		14,649		38,875		43,739		72,524		111,481		165,829		111,511				558,608
Special Mention
Substandard										124		1,257		78				1,459
Total Residential real estate		14,649		38,875		43,739		72,524		111,605		167,086		111,589				560,067

Consumer
Pass		4,925		26,991		34,101		33,662		15,906		5,537		1,030				122,152
Special Mention
Substandard				78		140		285		176		87		110				876
Total Consumer		4,925		27,069		34,241		33,947		16,082		5,624		1,140				123,028

Equipment Financing
Pass		16,806		64,659		60,968		33,982		1,523								177,938
Special Mention						152		107										259
Substandard				163		1,000		846										2,009
Total Equipment Financing		16,806		64,822		62,120		34,935		1,523								180,206

Total Loans	$	99,101	$	368,005	$	407,180	$	914,183	$	810,121	$	1,037,712	$	354,659	$	578	$	3,991,539

Gross charge-offs
Commercial	$		$		$		$	24	$	48	$	85	$		$		$	157
Municipal
Commercial real estate
Residential real estate								92										92
Consumer				83		76		172		39		17						387
Equipment Financing						363		234										597
Total Gross charge-offs	$		$	83	$	439	$	522	$	87	$	102	$		$		$	1,233



	December 31, 2024
(Dollars in thousands)		2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial
Pass	$	61,657	$	69,329	$	83,123	$	64,488	$	29,950	$	91,906	$	199,737	$	68	$	600,258
Special Mention		1,273		1,131		686		13,475		2,043		1,261		16,840				36,709
Substandard				300		854		904		85		597		8,395				11,135
Total Commercial		62,930		70,760		84,663		78,867		32,078		93,764		224,972		68		648,102

Municipal
Pass		5,072		6,254		50,886		99,064		9,932		13,816		2,894				187,918
Special Mention
Substandard
Total Municipal		5,072		6,254		50,886		99,064		9,932		13,816		2,894				187,918

Commercial real estate
Pass		161,186		196,779		651,254		525,233		156,970		538,905						2,230,327
Special Mention		1,231		46		2,724		4,361		1,635		24,951						34,948
Substandard				3,276		8,883		1,106		1,704		13,869						28,838
Total Commercial real estate		162,417		200,101		662,861		530,700		160,309		577,725						2,294,113

Residential real estate
Pass		39,488		45,172		77,862		123,154		50,831		106,877		105,867		67		549,318
Special Mention
Substandard								126		296		1,565		78				2,065
Total Residential real estate		39,488		45,172		77,862		123,280		51,127		108,442		105,945		67		551,383

Consumer
Pass		28,872		38,223		38,668		18,963		4,132		2,495		853				132,206
Special Mention
Substandard		65		156		209		124		43		64		2				663
Total Consumer		28,937		38,379		38,877		19,087		4,175		2,559		855				132,869

Equipment Financing
Pass		67,100		66,341		39,323		4,259										177,023
Special Mention				261		125												386
Substandard				697		1,014												1,711
Total Equipment Financing		67,100		67,299		40,462		4,259										179,120

Total Loans	$	365,944	$	427,965	$	955,611	$	855,257	$	257,621	$	796,306	$	334,666	$	135	$	3,993,505

Gross charge-offs
Commercial	$		$	41	$		$	2	$		$	8	$		$		$	51
Municipal
Commercial real estate												282						282
Residential real estate
Consumer		90		245		255		183		32		87						892
Equipment Financing				551		109												660
Total Gross charge-offs	$	90	$	837	$	364	$	185	$	32	$	377	$		$		$	1,885

Schedule of allowance for credit losses on off balance sheet commitments


(Dollars in thousands)		March 31, 2025		March 31, 2024
Beginning balance	$	880	$	43
Charge-off		(1)
(Credit to) provision for credit losses recorded in noninterest expense		(202)		487
Total allowance for credit losses on off balance sheet commitments	$	677	$	530

Schedule of changes in allowance for loan losses account by major classification of loans


	March 31, 2025
					Real estate						Equipment
(Dollars in thousands)	Commercial		Municipal		Commercial		Residential		Consumer		Financing		Total
Allowance for credit losses:
Beginning Balance January 1, 2025	$	6,004	$	1,072	$	21,804	$	4,924	$	2,540	$	5,432	$	41,776
Charge-offs		(157)						(92)		(387)		(597)		(1,233)
Recoveries		13						1		173		124		311
(Credits) provisions		562		177		(943)		236		(45)		213		200
Ending balance	$	6,422	$	1,249	$	20,861	$	5,069	$	2,281	$	5,172	$	41,054



	March 31, 2024
					Real estate						Equipment
(Dollars in thousands)	Commercial		Municipal		Commercial		Residential		Consumer		Financing		Total
Allowance for credit losses:
Beginning Balance January 1, 2024	$	2,272	$	788	$	14,153	$	3,782	$	900	$		$	21,895
Charge-offs		(5)								(103)				(108)
Recoveries		55						2		45				102
(Credits) provisions		(35)		(90)		317		474		42				708
Ending balance	$	2,287	$	698	$	14,470	$	4,258	$	884	$		$	22,597