LOANS

Schedule of impaired financing receivables

The Company’s total individually evaluated loans, including collateral dependent loans, nonaccrual loans, modified loans to borrowers experiencing financial difficulty, and accreting purchase credit deteriorated (“PCD”) loans that have experienced post-acquisition declines in cash flows expected to be collected are summarized as follows:


	Commercial		Construction		Commercial
	and industrial		and land		real estate		Residential		Consumer		Total
September 30, 2025
Recorded investment in loans individually evaluated:
With no specific allowance recorded	$	—	$	—	$	13,333	$	711	$	—	$	14,044
With a specific allowance recorded		—		—		4,711		—		—		4,711
Total recorded investment in loans individually evaluated	$	—	$	—	$	18,044	$	711	$	—	$	18,755
Specific allowance on loans individually evaluated	$	—	$	—	$	868	$	—	$	—	$	868

December 31, 2024
Recorded investment in loans individually evaluated:
With no specific allowance recorded	$	—	$	—	$	13,671	$	984	$	—	$	14,655
With a specific allowance recorded		954		—		1,754		—		—		2,708
Total recorded investment in loans individually evaluated	$	954	$	—	$	15,425	$	984	$	—	$	17,363
Specific allowance on loans individually evaluated	$	367	$	—	$	25	$	—	$	—	$	392

Schedule of financing receivable credit quality indicators

The following tables present the internally assigned risk grade by class of loans at the dates indicated:


													Revolving
		Term loans - amortized cost by origination year											loans
	2025		2024		2023		2022		2021		Prior		amortized cost		Total
September 30, 2025
Commercial and industrial:
Pass	$	29,078	$	51,084	$	15,667	$	17,741	$	7,973	$	29,228	$	23,984	$	174,755
Special mention		—		—		—		—		—		1,122		—		1,122
Substandard		—		—		154		—		55		878		286		1,373
Total commercial and industrial	$	29,078	$	51,084	$	15,821	$	17,741	$	8,028	$	31,228	$	24,270	$	177,250
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	193	$	—	$	193
Construction and land:
Pass	$	—	$	4,742	$	—	$	—	$	119	$	263	$	—	$	5,124
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total construction and land	$	—	$	4,742	$	—	$	—	$	119	$	263	$	—	$	5,124
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate:
Pass	$	247,443	$	182,898	$	69,954	$	323,265	$	350,993	$	413,211	$	1,866	$	1,589,630
Special mention		—		—		—		31,570		18,793		51,389		—		101,752
Substandard		—		—		5,463		—		14,724		31,699		—		51,886
Total commercial real estate	$	247,443	$	182,898	$	75,417	$	354,835	$	384,510	$	496,299	$	1,866	$	1,743,268
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	839	$	—	$	839
Residential:
Pass	$	44,227	$	26,603	$	—	$	—	$	32,089	$	6,795	$	4,711	$	114,425
Special mention		—		—		—		—		—		—		13		13
Substandard		—		—		—		—		44		746		64		854
Total residential	$	44,227	$	26,603	$	—	$	—	$	32,133	$	7,541	$	4,788	$	115,292
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	1
Consumer:
Pass	$	316	$	129	$	28	$	21	$	10	$	112	$	133	$	749
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total consumer	$	316	$	129	$	28	$	21	$	10	$	112	$	133	$	749
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	7
Total loans outstanding
Risk ratings
Pass	$	321,064	$	265,456	$	85,649	$	341,027	$	391,184	$	449,609	$	30,694	$	1,884,683
Special mention		—		—		—		31,570		18,793		52,511		13		102,887
Substandard		—		—		5,617		—		14,823		33,323		350		54,113
Total loans outstanding	$	321,064	$	265,456	$	91,266	$	372,597	$	424,800	$	535,443	$	31,057	$	2,041,683
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	1,040	$	—	$	1,040


													Revolving
		Term loans - amortized cost by origination year											loans
	2024		2023		2022		2021		2020		Prior		amortized cost		Total
December 31, 2024
Commercial and industrial:
Pass	$	54,720	$	20,314	$	20,759	$	11,823	$	13,433	$	28,708	$	19,699	$	169,456
Special mention		—		—		—		56		—		1,969		200		2,225
Substandard		150		154		—		—		1,184		471		308		2,267
Total commercial and industrial	$	54,870	$	20,468	$	20,759	$	11,879	$	14,617	$	31,148	$	20,207	$	173,948
YTD gross charge-offs	$	—	$	—	$	—	$	1,021	$	45	$	324	$	—	$	1,390
Construction and land:
Pass	$	10	$	—	$	—	$	128	$	1,090	$	287	$	—	$	1,515
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total construction and land	$	10	$	—	$	—	$	128	$	1,090	$	287	$	—	$	1,515
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate:
Pass	$	196,303	$	88,599	$	371,319	$	432,629	$	97,046	$	370,828	$	1,510	$	1,558,234
Special mention		—		632		6,243		10,462		18,250		44,089		—		79,676
Substandard		—		—		—		9,063		996		19,262		—		29,321
Total commercial real estate	$	196,303	$	89,231	$	377,562	$	452,154	$	116,292	$	434,179	$	1,510	$	1,667,231
YTD gross charge-offs	$	—	$	—	$	—	$	2,413	$	—	$	1,359	$	—	$	3,772
Residential:
Pass	$	31,828	$	—	$	—	$	36,624	$	1,452	$	32,245	$	5,041	$	107,190
Special mention		—		—		—		859		—		410		80		1,349
Substandard		—		—		—		30		—		1,093		—		1,123
Total residential	$	31,828	$	—	$	—	$	37,513	$	1,452	$	33,748	$	5,121	$	109,662
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Pass	$	153	$	54	$	35	$	10	$	2	$	128	$	3	$	385
Special mention		—		—		—		—		—		2		—		2
Substandard		—		—		—		—		—		4		—		4
Total consumer	$	153	$	54	$	35	$	10	$	2	$	134	$	3	$	391
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	2	$	1	$	3
Total loans outstanding
Risk ratings
Pass	$	283,014	$	108,967	$	392,113	$	481,214	$	113,023	$	432,196	$	26,253	$	1,836,780
Special mention		—		632		6,243		11,377		18,250		46,470		280		83,252
Substandard		150		154		—		9,093		2,180		20,830		308		32,715
Total loans outstanding	$	283,164	$	109,753	$	398,356	$	501,684	$	133,453	$	499,496	$	26,841	$	1,952,747
YTD gross charge-offs	$	—	$	—	$	—	$	3,434	$	45	$	1,685	$	1	$	5,165