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Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of composition of our loan portfolio

Schedule of composition of our loan portfolio
						December 31
(dollars in thousands)Commercial [Member]		2024												2023
Commercial
Owner occupied REOwner occupied RE [Member]		$	651,597				17.9	%		$	631,657				17.5	%
Non-owner occupied RE			924,367				25.5	%			942,529				26.2	%
ConstructionConstruction [Member]			103,204				2.8	%			150,680				4.2	%
Business			556,117				15.3	%			500,161				13.9	%
Total commercial loansConsumer [Member]			2,235,285				61.5	%			2,225,027				61.8	%
Consumer
Real estateReal estate [Member]			1,128,629				31.1	%			1,082,429				30.0	%
Home equityHome equity [Member]			204,897				5.6	%			183,004				5.1	%
ConstructionNon-owner occupied RE [Member]			20,874				0.6	%			63,348				1.7	%
OtherOther [Member]			42,082				1.2	%			48,819				1.4	%
Total consumer loans			1,396,482				38.5	%			1,377,600				38.2	%
Total gross loans, net of deferred fees			3,631,767				100.0	%			3,602,627				100.0	%
Less – allowance for credit losses			(39,914	)							(40,682	)
Total loans, net		$	3,591,853							$	3,561,945

Schedule of composition of gross loans by rate type

Schedule of composition of gross loans by rate type
		December 31,
(dollars in thousands)		2024				2023
Floating rate loans		$	697,897			$	574,352
Fixed rate loans			2,933,870				3,028,275
Total loans		$	3,631,767			$	3,602,627

Schedule of classified by credit quality indicators by year of origination

Schedule of classified by credit quality indicators by year of origination
																										December 31, 2024
(dollars in thousands)		2024				2023				2022				2021				2020				Prior				Revolving				Revolving Converted to Term				Total
Commercial
Owner occupied RE
Pass		$	51,338				47,997				186,361				122,306				66,561				145,743				160				238				620,704
Watch			480				1,180				3,638				1,962				8,828				11,012				-				-				27,100
Special Mention			-				-				162				-				-				2,840				-				-				3,002
Substandard			-				-				-				-				-				791				-				-				791
Total Owner occupied RE			51,818				49,177				190,161				124,268				75,389				160,386				160				238				651,597
Non-owner occupied RE
Pass			50,685				70,517				321,726				145,658				95,994				183,723				360				220				868,883
Watch			-				954				6,081				10,238				4,705				8,435				-				-				30,413
Special Mention			-				-				-				7,579				-				8,882				-				-				16,461
Substandard			-				-				969				-				-				7,641				-				-				8,610
Total Non-owner occupied RE			50,685				71,471				328,776				163,475				100,699				208,681				360				220				924,367
Current period gross write-offs			-				-				-				-				-				(1,029	)			-				-				(1,029	)
Construction
Pass			24,076				26,501				34,067				15,000				-				-				-				-				99,644
Watch			-				2,420				1,140				-				-				-				-				-				3,560
Total Construction			24,076				28,921				35,207				15,000				-				-				-				-				103,204
Business
Pass			54,814				41,743				129,450				38,312				15,716				51,566				196,246				803				528,650
Watch			-				132				5,353				2,174				1,423				5,243				8,776				389				23,490
Special Mention			660				95				805				-				65				533				-				206				2,364
Substandard			28				-				-				-				385				630				570				-				1,613
Total Business			55,502				41,970				135,608				40,486				17,589				57,972				205,592				1,398				556,117
Current period gross write-offs			-				-				-				(143	)			(347	)			(18	)			(72	)			-				(580	)
Total Commercial loans			182,081				191,539				689,752				343,229				193,677				427,039				206,112				1,856				2,235,285
Consumer
Real estate
Pass			78,287				144,487				277,854				263,079				160,007				153,584				-				-				1,077,298
Watch			671				2,409				6,961				8,573				4,147				4,632				-				-				27,393
Special Mention			817				1,536				5,987				2,664				2,804				5,181				-				-				18,989
Substandard			212				508				967				746				821				1,695				-				-				4,949
Total Real estate			79,987				148,940				291,769				275,062				167,779				165,092				-				-				1,128,629
Home equity
Pass			-				-				-				-				-				-				188,451				-				188,451
Watch			-				-				-				-				-				-				9,114				-				9,114
Special Mention			-				-				-				-				-				-				6,173				-				6,173
Substandard			-				-				-				-				-				-				1,159				-				1,159
Total Home equity			-				-				-				-				-				-				204,897				-				204,897
Current period gross write-offs			-				-				-				-				-				-				(45	)			-				(45	)
Construction
Pass			7,700				3,636				9,222				316				-				-				-				-				20,874
Total Construction			7,700				3,636				9,222				316				-				-				-				-				20,874
Other
Pass			2,732				836				1,521				1,593				1,229				2,609				29,660				-				40,180
Watch			167				61				12				366				-				129				595				-				1,330
Special Mention			36				35				325				66				-				65				45				-				572
Total Other			2,935				932				1,858				2,025				1,229				2,803				30,300				-				42,082
Current period gross write-offs			-				-				-				-				-				(38	)			(42	)			-				(80	)
Total Consumer loans			90,622				153,508				302,849				277,403				169,008				167,895				235,197				-				1,396,482
Total loans		$	272,703				345,047				992,601				620,632				362,685				594,934				441,309				1,856				3,631,767
Total Current period gross write-offs			-				-				-				(143	)			(347	)			(1,085	)			(159	)			-				(1,734	)

The following table presents loan balances classified by credit quality indicators by year of origination as of December 31, 2023.

																										December 31, 2023
(dollars in thousands)		2023				2022				2021				2020				2019				Prior				Revolving				Revolving Converted to Term				Total
Commercial
Owner occupied RE
Pass		$	42,846				180,654				138,549				64,818				59,880				110,502				85				166				597,500
Watch			-				3,460				460				15,997				3,525				6,616				-				-				30,058
Special Mention			-				181				-				-				-				3,057				-				-				3,238
Substandard			-				-				-				-				-				861				-				-				861
Total Owner occupied RE			42,846				184,295				139,009				80,815				63,405				121,036				85				166				631,657
Non-owner occupied RE
Pass			84,617				298,063				162,697				107,364				59,260				163,990				9,249				-				885,240
Watch			1,007				3,260				9,914				533				5,545				10,630				-				-				30,889
Special Mention			-				-				7,759				-				8,252				879				-				-				16,890
Substandard			-				-				313				-				8,088				1,109				-				-				9,510
Total Non-owner occupied RE			85,624				301,323				180,683				107,897				81,145				176,608				9,249				-				942,529
Current period gross write-offs			-				(200	)			-				-				-				(42	)			-				-				(242	)
Construction
Pass			27,262				86,161				24,399				11,459				-				-				-				-				149,281
Watch			-				1,399				-				-				-				-				-				-				1,399
Total Construction			27,262				87,560				24,399				11,459				-				-				-				-				150,680
Business
Pass			48,705				134,999				48,557				18,868				17,292				47,708				146,745				1,431				464,305
Watch			127				15,867				1,833				1,010				842				3,584				7,570				506				31,339
Special Mention			241				961				98				857				184				447				150				97				3,035
Substandard			-				-				155				-				132				1,195				-				-				1,482
Total Business			49,073				151,827				50,643				20,735				18,450				52,934				154,465				2,034				500,161
Current period gross write-offs			-				-				-				(28	)			-				-				(15	)			(22	)			(65	)
Total Commercial loans			204,805				725,005				394,734				220,906				163,000				350,578				163,799				2,200				2,225,027
Consumer
Real estate
Pass			144,179				273,585				278,138				176,395				66,087				105,383				-				-				1,043,767
Watch			490				5,658				8,230				3,917				2,051				3,890				-				-				24,236
Special Mention			143				2,499				1,657				1,291				2,220				3,360				-				-				11,170
Substandard			-				-				635				817				318				1,486				-				-				3,256
Total Real estate			144,812				281,742				288,660				182,420				70,676				114,119				-				-				1,082,429
Home equity
Pass			-				-				-				-				-				-				171,003				-				171,003
Watch			-				-				-				-				-				-				6,393				-				6,393
Special Mention			-				-				-				-				-				-				4,283				-				4,283
Substandard			-				-				-				-				-				-				1,325				-				1,325
Total Home equity			-				-				-				-				-				-				183,004				-				183,004
Current period gross write-offs			-				-				-				-				-				-				(438	)			-				(438	)
Construction
Pass			14,339				39,893				9,116				-				-				-				-				-				63,348
Total Construction			14,339				39,893				9,116				-				-				-				-				-				63,348
Other
Pass			1,278				2,551				2,361				1,457				803				2,604				36,549				-				47,603
Watch			9				29				348				-				15				163				58				-				622
Special Mention			33				333				-				-				23				82				41				-				512
Substandard			-				-				75				-				-				-				7				-				82
Total Other			1,320				2,913				2,784				1,457				841				2,849				36,655				-				48,819
Current period gross write-offs			-				-				-				-				-				-				(16	)			-				(16	)
Total Consumer loans			160,471				324,548				300,560				183,877				71,517				116,968				219,659				-				1,377,600
Total loans		$	365,276				1,049,553				695,294				404,783				234,517				467,546				383,458				2,200				3,602,627
Total Current period gross write-offs			-				(200	)			-				(28	)			-				(42	)			(469	)			(22	)			(761	)

Schedule of loan balances by age payment status

Schedule of loan balances by age payment status
		December 31, 2024
(dollars in thousands)		Accruing 30-59 days past due				Accruing 60-89 days past due				Accruing 90 days or more past due				Nonaccrual loans				Accruing current				Total
Commercial
Owner occupied RE		$	292				-				-				-				651,305				651,597
Non-owner occupied RE			-				-				-				7,641				916,726				924,367
Construction			-				-				-				-				103,204				103,204
Business			1,319				-				-				1,016				553,782				556,117
Consumer
Real estate			3,839				938				-				1,908				1,121,944				1,128,629
Home equity			41				-				-				312				204,544				204,897
Construction			-				-				-				-				20,874				20,874
Other			-				-				-				-				42,082				42,082
Total loans		$	5,491				938				-				10,877				3,614,461				3,631,767
			December 31, 2023
(dollars in thousands)		Accruing 30-59 days past due				Accruing 60-89 days past due				Accruing 90 days or more past due				Nonaccrual loans				Accruing current				Total
Commercial
Owner occupied RE		$	74				-				-				-				631,583				631,657
Non-owner occupied RE			8,102				-				-				1,423				933,004				942,529
Construction			-				-				-				-				150,680				150,680
Business			567				-				-				319				499,275				500,161
Consumer
Real estate			1,750				-				-				985				1,079,694				1,082,429
Home equity			601				30				-				1,236				181,137				183,004
Construction			-				-				-				-				63,348				63,348
Other			25				25				-				-				48,769				48,819
Total loans		$	11,119				55				-				3,963				3,587,490				3,602,627

Schedule of nonperforming assets

Schedule of nonperforming assets
		December 31,
(dollars in thousands)		2024				2023
Nonaccrual loans		$	10,877				3,963
Other real estate owned			-				-
Total nonperforming assets		$	10,877				3,963
Nonperforming assets as a percentage of:
Total assets			0.27	%			0.10	%
Gross loans			0.30	%			0.11	%
Total loans over 90 days past due		$	2,641				1,300
Loans over 90 days past due and still accruing			-				-

Schedule of nonaccrual loans by major categories

Schedule of nonaccrual loans by major categories
		December 31, 2024																December 31, 2023
		Nonaccrual				Nonaccrual								Nonaccrual				Nonaccrual
		loans				loans				Total				loans				loans				Total
		with no				with an				nonaccrual				with no				with an				nonaccral
(dollars in thousands)		allowance				allowance				loans				allowance				allowance				loans
Commercial
Non-owner occupied RE		$	5,844				1,797				7,641			$	653				770				1,423
Business			-				1,016				1,016				164				155				319
Total commercial			5,844				2,813				8,657				817				925				1,742
Consumer
Real estate			1,526				382				1,908				-				985				985
Home equity			312				-				312				343				893				1,236
Total consumer			1,838				382				2,220				343				1,878				2,221
Total nonaccrual loans		$	7,682				3,195				10,877			$	1,160				2,803				3,963

Schedule of activity related to the allowance for credit losses

Schedule of activity related to the allowance for credit losses
														For the years ended December 31, 2024
		Commercial																																Consumer
(dollars in thousands)		Owner occupied RE				Non- owner occupied RE				Construction				Business				Real Estate				Home Equity				Construction				Other				Total
Balance, beginning of period		$	6,118				11,167				1,594				7,385				10,647				2,600				677				494				40,682
Provision for credit losses			(636	)			81				(654	)			828				1,712				(155	)			(562	)			(114	)			500
Loan charge-offs			-				(1,029	)			-				(580	)			-				(45	)			-				(80	)			(1,734	)
Loan recoveries			-				-				-				112				-				255				-				99				466
Net loan recoveries (charge-offs)			-				(1,029	)			-				(468	)			-				210				-				19				(1,268	)
Balance, end of period		$	5,482				10,219				940				7,745				12,359				2,655				115				399				39,914
Net charge-offs to average loans (annualized)																																			0.04	%
Allowance for credit losses to gross loans																																			1.10	%
Allowance for credit losses to nonperforming loans																																			366.94	%

														For the years ended December 31, 2023
		Commercial																Consumer
(dollars in thousands)		Owner occupied RE				Non-owner occupied RE				Construction				Business				Real Estate				Home Equity				Construction				Other				Total
Balance, beginning of period		$	5,867				10,376				1,292				7,861				9,487				2,551				893				312				38,639
Provision for credit losses			251				848				302				(755	)			1,160				422				(216	)			197				2,209
Loan charge-offs			-				(242	)			-				(65	)			-				(438	)			-				(16	)			(761	)
Loan recoveries			-				185				-				344				-				65				-				1				595
Net loan recoveries (charge-offs)			-				(57	)			-				279				-				(373	)			-				(15	)			(166	)
Balance, end of period		$	6,118				11,167				1,594				7,385				10,647				2,600				677				494				40,682
Net recoveries to average loans (annualized)																																			0.00	%
Allowance for credit losses to gross loans																																			1.13	%
Allowance for credit losses to nonperforming loans																																			1026.55	%

														For the years ended December 31, 2022
		Commercial																Consumer
(dollars in thousands)		Owner occupied RE				Non-owner occupied RE				Construction				Business				Real Estate				Home Equity				Construction				Other				Total
Balance, beginning of period		$	4,700				10,518				625				4,887				7,083				1,697				578				320				30,408
Adjustment for CECL			(313	)			333				154				1,057				(294	)			438				130				(5	)			1,500
Provision for credit losses			1,480				(2,015	)			513				1,764				2,698				663				185				87				5,375
Loan charge-offs			-				-				-				(55	)			-				(339	)			-				(91	)			(485	)
Loan recoveries			-				1,540				-				208				-				92				-				1				1,841
Net loan recoveries (charge-offs)			-				1,540				-				153				-				(247	)			-				(90	)			1,356
Balance, end of period		$	5,867				10,376				1,292				7,861				9,487				2,551				893				312				38,639
Net recoveries to average loans (annualized)																																			(0.05	%)
Allowance for credit losses to gross loans																																			1.18	%
Allowance for credit losses to nonperforming loans																																			1470.84	%

Schedule of analysis of collateral-dependent loans

Schedule of analysis of collateral-dependent loans
										December 31, 2024
		Real				Business
(dollars in thousands)		estate				assets				Other				Total
Commercial
Non-owner occupied RE		$	7,641				-				-				7,641
Business			460				556				-				1,016
Total commercial			8,101				556				-				8,657
Consumer
Real estate			1,908				-				-				1,908
Home equity			312				-				-				312
Total consumer			2,220				-				-				2,220
Total collateral dependent loans		$	10,321				556				-				10,877

										December 31, 2023
		Real				Business
(dollars in thousands)		estate				assets				Other				Total
Commercial
Non-owner occupied RE		$	720				-				-				720
Business			164				-				-				164
Total commercial			884				-				-				884
Consumer
Real estate			166				-				-				166
Home equity			343				-				-				343
Total consumer			509				-				-				509
Total collateral dependent loans		$	1,393				-				-				1,393

Schedule of allowance for credit losses for unfunded loan commitments

Schedule of allowance for credit losses for unfunded loan commitments
		For the years ended December 31,
(dollars in thousands)		2024				2023				2022
Balance, beginning of period		$	1,831				2,780				-
Adjustment for adoption of CECL			-				-				2,000
Provision for (reversal of) credit losses			(375	)			(949	)			780
Balance, end of period		$	1,456				1,831				2,780
Unfunded Loan Commitments			719,084				724,606				878,324
Reserve for Unfunded Commitments to Unfunded Loan Commitments			0.20	%			0.25	%			0.32	%

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- Definition

Tabular disclosure of loan receivable by rate type.

+ References

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- Definition

Tabular disclosure of outstanding loans by risk category.

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Tabular disclosure of investment in debt security measured at amortized cost (held-to-maturity) on nonaccrual status.

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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