NET LOANS RECEIVABLE

Schedule of activity in allowance for credit losses by portfolio segment

The following tables present the activity in the allowance for credit losses by portfolio segment (dollars in thousands):


	For the Three Months Ended March 31, 2025
	Beginning								Ending
	Balance		Provisions		Charge-offs		Recoveries		Balance
Commercial	$	12,067	$	568	$	—	$	6	$	12,641
Residential mortgages		7,930		321		(4)		29		8,276
Home equity loans and lines of credit		1,185		(8)		(23)		—		1,154
Consumer		572		190		(29)		6		739
Allowance for credit losses - loans		21,754		1,071		(56)		41		22,810
Allowance for credit losses - off-balance sheet credit exposures		2,190		(330)		—		—		1,860
Total	$	23,944	$	741	$	(56)	$	41	$	24,670


	For the Three Months Ended March 31, 2024
	Beginning								Ending
	Balance		Provisions		Charge-offs		Recoveries		Balance
Commercial	$	12,674	$	(233)	$	—	$	6	$	12,447
Residential mortgages		6,970		455		(6)		—		7,419
Home equity loans and lines of credit		1,339		3		—		2		1,344
Consumer		379		33		(24)		2		390
Allowance for credit losses - loans		21,362		258		(30)		10		21,600
Allowance for credit losses - off-balance sheet credit exposures		1,681		(178)		—		—		1,503
Total	$	23,043	$	80	$	(30)	$	10	$	23,103

Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual

The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans (dollars in thousands):


	March 31, 2025
			Nonaccrual		Past Due
			Loans With		90 Days
			No Related		Still on		Recognized
	Nonaccrual		Allowance		Accrual		Interest Income
Commercial:
Real estate	$	5,864	$	4,695	$	1	$	—
Commercial and industrial		9		—		—		—
Construction		—		—		—		—
Residential mortgages		3,867		1,528		—		—
Home equity loans and lines		955		—		—		—
Consumer		—		—		—		—
	$	10,695	$	6,223	$	1	$	—


	December 31, 2024
			Nonaccrual		Past Due
			Loans With		90 Days
			No Related		Still on		Recognized
	Nonaccrual		Allowance		Accrual		Interest Income
Commercial:
Real estate	$	—	$	—	$	1	$	—
Commercial and industrial		10		—		—		—
Construction		—		—		—		—
Residential mortgages		4,127		1,541		—		—
Home equity loans and lines		1,109		—		—		—
Consumer		—		—		—		—
	$	5,246	$	1,541	$	1	$	—

Schedule of aging of recorded investment

The following tables present the aging of the recorded investment in loans by class of loans as of (dollars in thousands):


	March 31, 2025
	30 - 59		60 - 89		90 or more
	Days		Days		Days		Total		Loans Not
	Past Due		Past Due		Past Due		Past Due		Past Due		Total
Commercial:
Real estate	$	107	$	5,770	$	1	$	5,878	$	418,416	$	424,294
Commercial and industrial		46		—		—		46		109,747		109,793
Construction		—		—		—		—		142,922		142,922
Residential mortgages		843		224		1,014		2,081		718,335		720,416
Home equity loans and lines		1,383		—		331		1,714		91,380		93,094
Consumer		10		5		—		15		19,452		19,467
Total	$	2,389	$	5,999	$	1,346	$	9,734	$	1,500,252	$	1,509,986


	December 31, 2024
	30 - 59		60 - 89		90 or more
	Days		Days		Days		Total		Loans Not
	Past Due		Past Due		Past Due		Past Due		Past Due		Total
Commercial:
Real estate	$	6,734	$	—	$	1	$	6,735	$	408,100	$	414,835
Commercial and industrial		5		—		—		5		108,469		108,474
Construction		—		—		—		—		130,959		130,959
Residential mortgages		—		888		1,515		2,403		687,166		689,569
Home equity loans and lines		1,198		67		567		1,832		93,096		94,928
Consumer		7		6		—		13		17,551		17,564
Total	$	7,944	$	961	$	2,083	$	10,988	$	1,445,341	$	1,456,329