XML 57 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table presents the composition of the loan portfolio:
(In thousands)December 31, 2024December 31, 2023
Commercial real estate$969,514 $898,709 
Residential mortgage401,950 394,189 
Commercial and industrial140,906 152,344 
Home equity lines of credit85,685 90,163 
Real estate construction76,773 84,341 
Consumer9,318 9,954 
Gross loans1,684,146 1,629,700 
Unearned income(1,236)(1,712)
Total loans, net of unearned income$1,682,910 $1,627,988 
Financing Receivable, Related Party The following table is a summary of the activity for these related-party loans:
(In thousands)2024
Balance at January 1$5,307 
Repayments548 
Balance at December 31$4,759 
Loan Portfolio Summarized By The Past Due Status The following tables present the classes of the loan portfolio summarized by the past due status:
(In thousands)30–59 Days Past Due60–89 Days
Past Due		≥ 90 Days
Past Due		Total Past
Due		CurrentTotal Loans
Receivable		Loans
Receivable
≥ 90 Days
and
Accruing
December 31, 2024
Commercial real estate$763 $527 $314 $1,604 $967,910 $969,514 $— 
Residential mortgage953 987 850 2,790 399,160 401,950 850 
Commercial and industrial437 24 155 616 140,290 140,906 — 
Home equity lines of credit161 — 91 252 85,433 85,685 91 
Real estate construction15 11 — 26 76,747 76,773 — 
Consumer47 18 — 65 9,253 9,318 — 
Total Loans$2,376 $1,567 $1,410 $5,353 $1,678,793 $1,684,146 $941 
December 31, 2023
Commercial real estate$150 $347 $— $497 $898,212 $898,709 $— 
Residential mortgage1,293 388 849 2,530 391,659 394,189 505 
Commercial and industrial50 — 159 209 152,135 152,344 — 
Home equity lines of credit414 — 654 1,068 89,095 90,163 654 
Real estate construction12 — — 12 84,329 84,341 — 
Consumer8 — 3 11 9,943 9,954 3 
Total Loans$1,927 $735 $1,665 $4,327 $1,625,373 $1,629,700 $1,162 
Nonaccrual Loans By Classes Of The Loan Portfolio
Loans individually evaluated consist of nonaccrual loans, presented in the following table: 
December 31, 2024December 31, 2023
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
Commercial real estate$314 $3,250 $3,564 $315 $1,164 $1,479 
Residential mortgage— — — — 343 343 
Commercial and industrial2,081 226 2,307 1,004 — 1,004 
Home equity lines of credit— — — — 185 185 
 Total$2,395 $3,476 $5,871 $1,319 $1,692 $3,011 
Schedule of Nonperforming Loans
Total nonperforming loans at December 31 are as follows:
(In thousands)20242023
Nonaccrual loans$5,871 $3,011 
Greater than or equal to 90 days past due and accruing941 1,162 
Total nonperforming loans$6,812 $4,173 
Financing Receivable, Amortized Cost Basis
The amortized cost basis of individually evaluated loans by type of collateral as of December 31:
20242023
(In thousands)Business AssetsReal EstateBusiness AssetsReal Estate
Commercial real estate$— $3,564 $— $1,479 
Residential mortgage— — — 343 
Commercial and industrial2,307 — 1,004 — 
Home equity lines of credit— — — 185 
Total$2,307 $3,564 $1,004 $2,007 
Schedule of actual loan modifications
The following tables present the amortized cost basis of loans that were both experiencing financial difficulty and modified during the years ended December 31, 2024 and 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:
(In thousands)Combination Payment Deferral and Interest-Only PaymentsPercent of Class of Financing Receivable
2024
Commercial real estate$2,293 0.2 %
Commercial and industrial1,748 1.2 %
Total$4,041 
The loan modifications made during 2024 did not result in term extensions.
(In thousands)Term ExtensionPercent of Class of Financing ReceivableFinancial Effect
2023
Commercial and industrial$549 0.4 %
Added a weighted-average 4.95 years to the life of loans, which decreased the borrower’s monthly payment amounts.

The following presents the performance of loans modified in the previous twelve months as of December 31, 2024:
(In thousands)Current30-89 Days Past Due≥ 90 Days Past DueTotal Past Due
Commercial real estate$2,293 $— $— $— 
Commercial and industrial1,748 — — — 
Total$4,041 $— $— $— 
Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating
The following summarizes designated internal risk categories by portfolio segment for loans assigned a risk rating and those evaluated based on the performance status:
December 31, 2024
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
(In thousands)20242023202220212020Prior
Internally Risk Rated:
Commercial real estate
Pass$120,989 $135,995 $164,167 $121,092 $55,408 $312,999 $17,276 $927,926 
Special Mention1,887 3,826 2,880 6,639 2,177 11,613 1,303 30,325 
Substandard— — 2,332 342 1,485 7,059 45 11,263 
Total Commercial real estate$122,876 $139,821 $169,379 $128,073 $59,070 $331,671 $18,624 $969,514 
Residential mortgage
Pass$27,887 $35,566 $23,095 $38,848 $13,446 $31,784 $466 $171,092 
Special Mention130 1,692 167 146 366 3,246 115 5,862 
Substandard— 237 188 — — 68 — 493 
Total Residential Mortgage$28,017 $37,495 $23,450 $38,994 $13,812 $35,098 $581 $177,447 
Commercial and industrial
Pass$10,000 $10,067 $19,584 $29,673 $13,162 $18,976 $30,015 $131,477 
Special Mention165 109 246 192 78 459 2,554 3,803 
Substandard— 526 468 335 2 979 3,316 5,626 
Total Commercial and industrial$10,165 $10,702 $20,298 $30,200 $13,242 $20,414 $35,885 $140,906 
Year-to-date gross charge-offs$— $38 $— $— $— $100 $— $138 
Home equity lines of credit
Pass$— $294 $92 $— $— $501 $5,729 $6,616 
Special Mention— — — — — — 696 696 
Substandard— — — — — 6 — 6 
Total Home equity lines of credit$— $294 $92 $— $— $507 $6,425 $7,318 
Real estate construction
Pass$21,227 $24,463 $7,719 $1,209 $298 $1,060 $6,086 $62,062 
Special Mention— 168 5,100 — — 667 45 5,980 
Substandard— — — — — 62 — 62 
Total Real estate construction$21,227 $24,631 $12,819 $1,209 $298 $1,789 $6,131 $68,104 
Performance Rated:
Residential mortgage
Performing$14,786 $41,275 $39,943 $13,523 $13,876 $100,601 $72 $224,076 
Nonperforming— — — — — 427 — 427 
Total Residential Mortgage$14,786 $41,275 $39,943 $13,523 $13,876 $101,028 $72 $224,503 
Home equity lines of credit
Performing$— $18 $34 $— $12 $2,591 $75,621 $78,276 
Nonperforming— — — — — — 91 91 
Total Home equity lines of credit$— $18 $34 $— $12 $2,591 $75,712 $78,367 
Real estate construction
Performing$6,486 $222 $725 $160 $188 $888 $— $8,669 
Total Real estate construction$6,486 $222 $725 $160 $188 $888 $— $8,669 
Consumer
Performing$2,000 $1,521 $1,694 $465 $276 $778 $2,584 $9,318 
Total Consumer$2,000 $1,521 $1,694 $465 $276 $778 $2,584 $9,318 
Year-to-date gross charge-offs$— $4 $9 $— $1 $7 $197 $218 
Total Portfolio loans
Pass$180,103 $206,385 $214,657 $190,822 $82,314 $365,320 $59,572 $1,299,173 
Special Mention2,182 5,795 8,393 6,977 2,621 15,985 4,713 46,666 
Substandard— 763 2,988 677 1,487 8,174 3,361 17,450 
Performing23,272 43,036 42,396 14,148 14,352 104,858 78,277 320,339 
Nonperforming— — — — — 427 91 518 
Total Portfolio loans$205,557 $255,979 $268,434 $212,624 $100,774 $494,764 $146,014 $1,684,146 
Year-to-date gross charge-offs$— $42 $9 $— $1 $107 $197 $356 
December 31, 2023
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost Basis
(In thousands)20232022202120202019PriorTotal
Internally Risk Rated:
Commercial real estate
Pass$136,158 $152,767 $130,994 $60,918 $65,856 $287,026 $13,636 $847,355 
Special Mention1,927 6,385 5,920 1,904 8,222 16,244 1,994 42,596 
Substandard— — — 1,530 704 6,524 — 8,758 
Total Commercial real estate$138,085 $159,152 $136,914 $64,352 $74,782 $309,794 $15,630 $898,709 
Residential mortgage
Pass$39,146 $27,612 $41,031 $14,758 $10,492 $27,274 $402 $160,715 
Special Mention588 82 593 397 826 2,457 62 5,005 
Substandard— — — — — 218 — 218 
Total Residential Mortgage$39,734 $27,694 $41,624 $15,155 $11,318 $29,949 $464 $165,938 
Commercial and industrial
Pass$12,319 $24,259 $34,830 $15,614 $13,922 $17,780 $25,147 $143,871 
Special Mention128 303 290 529 140 459 2,014 3,863 
Substandard7 135 499 91 9 1,597 2,272 4,610 
Total Commercial and industrial$12,454 $24,697 $35,619 $16,234 $14,071 $19,836 $29,433 $152,344 
Year-to-date gross charge-offs$— $— $— $— $— $110 $— $110 
Home equity lines of credit
Pass$300 $99 $— $— $— $131 $5,235 $5,765 
Special Mention— — — — — — 727 727 
Substandard— — — — — 362 — 362 
Total Home equity lines of credit$300 $99 $— $— $— $493 $5,962 $6,854 
Real estate construction
Pass$19,766 $39,758 $3,953 $1,160 $— $2,604 $8,003 $75,244 
Special Mention— 465 — 92 — 725 — 1,282 
Substandard— — — — — 69 — 69 
Total Real estate construction$19,766 $40,223 $3,953 $1,252 $— $3,398 $8,003 $76,595 
Performance Rated:
Residential mortgage
Performing$33,884 $45,221 $14,878 $16,184 $9,059 $108,021 $156 $227,403 
Nonperforming— — — — — 848 — 848 
Total Residential Mortgage$33,884 $45,221 $14,878 $16,184 $9,059 $108,869 $156 $228,251 
Home equity lines of credit
Performing$23 $38 $— $13 $94 $4,742 $77,745 $82,655 
Nonperforming— — — — — 92 562 654 
Total Home equity lines of credit$23 $38 $— $13 $94 $4,834 $78,307 $83,309 
Real estate construction
Performing$5,571 $753 $175 $210 $170 $867 $— $7,746 
Total Real estate construction$5,571 $753 $175 $210 $170 $867 $— $7,746 
Consumer
Performing$2,351 $2,685 $778 $522 $271 $1,085 $2,259 $9,951 
Nonperforming— — — — — — 3 3 
Total Consumer$2,351 $2,685 $778 $522 $271 $1,085 $2,262 $9,954 
Year-to-date gross charge-offs$48 $83 $42 $55 $23 $78 $67 $396 
Total Portfolio loans
Pass$207,689 $244,495 $210,808 $92,450 $90,270 $334,815 $52,423 $1,232,950 
Special Mention2,643 7,235 6,803 2,922 9,188 19,885 4,797 53,473 
Substandard7 135 499 1,621 713 8,770 2,272 14,017 
Performing41,829 48,697 15,831 16,929 9,594 114,715 80,160 327,755 
Nonperforming— — — — — 940 565 1,505 
Total Portfolio loans$252,168 $300,562 $233,941 $113,922 $109,765 $479,125 $140,217 $1,629,700 
Year-to-date gross charge-offs$48 $83 $42 $55 $23 $188 $67 $506 
In 2024, the Corporation revised estimates utilized as input assumptions within the CECL model calculation. These estimates, which were based on more current information available during 2024, drive input assumptions which are used in the determination of the Corporation’s allowance for credit losses and the reserve for unfunded commitments. These updated estimates were the primary drivers for a $2.4 million and $326 thousand reversal of the provisions for credit losses and for unfunded commitments, respectively, for the year ended December 31, 2024.
Financing Receivable, Loan Portfolio Class
The following table presents the ACL by loan portfolio segment for the years ended 2024, 2023 and 2022:
(In thousands)Commercial
Real Estate		Residential MortgageCommercial and IndustrialHome Equity Lines of CreditReal Estate ConstructionConsumerUnallocatedTotal
Beginning balance - January 1, 2024$12,010 $3,303 $2,048 $397 $2,070 $141 $— $19,969 
Charge-offs— — (138)— — (218)— (356)
Recoveries— — 26 — — 78 — 104 
(Reversal of) provisions(1,432)(327)(520)(103)(152)97 — (2,437)
Ending balance - December 31, 2024$10,578 $2,976 $1,416 $294 $1,918 $98 $— $17,280 
Beginning balance - January 1, 2023$10,016 $3,029 $2,848 $347 $1,000 $376 $245 $17,861 
Impact of CECL adoption1,106 297 (762)17 1,347 (142)(245)1,618 
Charge-offs— — (110)— — (396)— (506)
Recoveries— — 64 — — 72 — 136 
Provisions (reversal of)888 (23)8 33 (277)231 — 860 
Ending balance - December 31, 2023$12,010 $3,303 $2,048 $397 $2,070 $141 $— $19,969 
Beginning balance - January 1, 2022$10,716 $3,235 $3,176 $501 $616 $408 $381 $19,033 
Charge-offs(831)(3)(238)(33)— (181)— (1,286)
Recoveries— 5 58 22 — 29 — 114 
Provisions (reversal of)131 (208)(148)(143)384 120 (136)— 
Ending balance - December 31, 2022$10,016 $3,029 $2,848 $347 $1,000 $376 $245 $17,861