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LOANS AND ALLOWANCE FOR CREDIT LOSSES | 6 Months Ended
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Jun. 30, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES |
LOANS AND ALLOWANCE FOR CREDIT LOSSES | 6. LOANS AND ALLOWANCE FOR CREDIT LOSSES Loans receivable at June 30, 2025 and December 31, 2024 are summarized as follows: Summary of Loans by Type (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |
​ | ​ | 2025 | ​ | 2024 |
Commercial real estate - non-owner occupied | ​ | $ | 757,961 | ​ | $ | 739,565 | ​
Commercial real estate - owner occupied | ​ | ​ | 261,157 | ​ | ​ | 261,071 | ​
All other commercial loans | ​ | ​ | 430,499 | ​ | ​ | 423,277 | ​
Residential mortgage loans | ​ | ​ | 398,496 | ​ | ​ | 408,009 | ​
Consumer loans | ​ | ​ | 71,145 | ​ | ​ | 63,926 | ​
Total | ​ | ​ | 1,919,258 | ​ | ​ | 1,895,848 | ​
Less: allowance for credit losses on loans | ​ | ​ | (21,699) | ​ | ​ | (20,035) | ​
Loans, net | ​ | $ | 1,897,559 | ​ | $ | 1,875,813 | ​
​ In the table above, outstanding loan balances are presented net of deferred loan origination fees, net, of $3,963,000 at June 30, 2025 and $4,136,000 at December 31, 2024. The Corporation grants loans to individuals as well as commercial and tax-exempt entities. Commercial, residential and personal loans are made to customers geographically concentrated in Northcentral Pennsylvania, the Southern tier of New York State, Southeastern Pennsylvania and Southcentral Pennsylvania. Although the Corporation has a diversified loan portfolio, a significant portion of its debtors’ ability to honor their contracts is dependent on the local economic conditions within the region. The following tables present an analysis of past due loans as of June 30, 2025 and December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | As of June 30, 2025
​ | ​ | Past Due | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-89 | ​ | 90+ Days | ​ | Nonaccrual | ​ | Current | ​ | Total
​ | ​ | Days | ​ | Still Accruing | ​ | Loans | ​ | Loans | ​ | Loans
Commercial real estate - non-owner occupied | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 6,634 | ​ | $ | 751,327 | ​ | $ | 757,961
Commercial real estate - owner occupied | ​ |  | 0 | ​ |  | 0 | ​ |  | 4,801 | ​ |  | 256,356 | ​ |  | 261,157
All other commercial loans | ​ | ​ | 428 | ​ | ​ | 34 | ​ | ​ | 9,761 | ​ | ​ | 420,276 | ​ | ​ | 430,499
Residential mortgage loans | ​ | ​ | 971 | ​ | ​ | 0 | ​ | ​ | 3,718 | ​ | ​ | 393,807 | ​ | ​ | 398,496
Consumer loans | ​ |  | 322 | ​ |  | 52 | ​ |  | 276 | ​ |  | 70,495 | ​ |  | 71,145
Total | ​ | $ | 1,721 | ​ | $ | 86 | ​ | $ | 25,190 | ​ | $ | 1,892,261 | ​ | $ | 1,919,258
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | As of December 31, 2024
​ | ​ | Past Due | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-89 | ​ | 90+ Days | ​ | Nonaccrual | ​ | Current | ​ | Total
​ | ​ | Days | ​ | Still Accruing | ​ | Loans | ​ | Loans | ​ | Loans
Commercial real estate - non-owner occupied | ​ | $ | 266 | ​ | $ | 0 | ​ | $ | 7,370 | ​ | $ | 731,929 | ​ | $ | 739,565
Commercial real estate - owner occupied | ​ |  | 0 | ​ |  | 62 | ​ |  | 1,725 | ​ |  | 259,284 | ​ |  | 261,071
All other commercial loans | ​ | ​ | 296 | ​ | ​ | 0 | ​ | ​ | 10,006 | ​ | ​ | 412,975 | ​ | ​ | 423,277
Residential mortgage loans | ​ | ​ | 4,934 | ​ | ​ | 0 | ​ | ​ | 4,310 | ​ | ​ | 398,765 | ​ | ​ | 408,009
Consumer loans | ​ | ​ | 162 | ​ |  | 57 | ​ |  | 431 | ​ |  | 63,276 | ​ |  | 63,926
Total | ​ | $ | 5,658 | ​ | $ | 119 | ​ | $ | 23,842 | ​ | $ | 1,866,229 | ​ | $ | 1,895,848
​ The Corporation uses an internal risk rating system. Under the risk rating system, the Corporation classifies problem or potential problem loans as “Special Mention,” “Substandard,” or “Doubtful” on the basis of currently existing facts, conditions and values. Loans that do not currently expose the Corporation to sufficient risk to warrant classification as Substandard or Doubtful, but possess weaknesses that deserve management’s close attention, are deemed to be Special Mention. Substandard loans include those characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Risk ratings are updated any time that conditions or the situation warrants. Loans not classified are included in the “Pass” rows in the table that follows. The following table presents the amortized cost of loans by credit quality indicators by year of origination as of June 30, 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | Term Loans by Year of Origination | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2025 | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | Prior | ​ | Revolving | ​ | Total
Commercial real estate - non-owner occupied | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Pass | ​ | $ | 39,728 | ​ | $ | 60,105 | ​ | $ | 108,529 | ​ | $ | 150,836 | ​ | $ | 76,073 | ​ | $ | 276,720 | ​ | $ | 0 | ​ | $ | 711,991
Special Mention | ​ |  | 231 | ​ |  | 0 | ​ |  | 1,133 | ​ |  | 16,077 | ​ |  | 2,132 | ​ |  | 8,773 | ​ |  | 0 | ​ |  | 28,346
Substandard | ​ | ​ | 0 | ​ | ​ | 109 | ​ | ​ | 263 | ​ | ​ | 9,823 | ​ | ​ | 0 | ​ | ​ | 7,429 | ​ | ​ | 0 | ​ | ​ | 17,624
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total commercial real estate - non-owner occupied | ​ | $ | 39,959 | ​ | $ | 60,214 | ​ | $ | 109,925 | ​ | $ | 176,736 | ​ | $ | 78,205 | ​ | $ | 292,922 | ​ | $ | 0 | ​ | $ | 757,961
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 9 | ​ | $ | 0 | ​ | $ | 9
Commercial real estate - owner occupied | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Pass | ​ | $ | 15,683 | ​ | $ | 25,356 | ​ | $ | 31,955 | ​ | $ | 50,639 | ​ | $ | 47,927 | ​ | $ | 77,267 | ​ | $ | 0 | ​ | $ | 248,827
Special Mention | ​ | ​ | 0 | ​ |  | 265 | ​ |  | 381 | ​ |  | 834 | ​ |  | 0 | ​ |  | 2,352 | ​ |  | 0 | ​ |  | 3,832
Substandard | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 2,267 | ​ | ​ | 6,231 | ​ | ​ | 0 | ​ | ​ | 8,498
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total commercial real estate - owner occupied | ​ | $ | 15,683 | ​ | $ | 25,621 | ​ | $ | 32,336 | ​ | $ | 51,473 | ​ | $ | 50,194 | ​ | $ | 85,850 | ​ | $ | 0 | ​ | $ | 261,157
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0
All other commercial loans | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Pass | ​ | $ | 37,842 | ​ | $ | 63,915 | ​ | $ | 66,682 | ​ | $ | 39,311 | ​ | $ | 40,439 | ​ | $ | 44,975 | ​ | $ | 113,670 | ​ | $ | 406,834
Special Mention | ​ |  | 30 | ​ |  | 308 | ​ |  | 38 | ​ |  | 132 | ​ |  | 0 | ​ |  | 2,710 | ​ |  | 9,021 | ​ |  | 12,239
Substandard | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 3,478 | ​ | ​ | 4,896 | ​ | ​ | 1,254 | ​ | ​ | 1,798 | ​ | ​ | 11,426
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total all other commercial loans | ​ | $ | 37,872 | ​ | $ | 64,223 | ​ | $ | 66,720 | ​ | $ | 42,921 | ​ | $ | 45,335 | ​ | $ | 48,939 | ​ | $ | 124,489 | ​ | $ | 430,499
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 333 | ​ | $ | 0 | ​ | $ | 208 | ​ | $ | 541
Residential mortgage loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 14,147 | ​ | $ | 41,141 | ​ | $ | 44,812 | ​ | $ | 77,310 | ​ | $ | 48,054 | ​ | $ | 168,679 | ​ | $ | 0 | ​ | $ | 394,143
Special Mention | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Substandard | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 379 | ​ | ​ | 0 | ​ | ​ | 12 | ​ | ​ | 3,962 | ​ | ​ | 0 | ​ | ​ | 4,353
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total residential mortgage loans | ​ | $ | 14,147 | ​ | $ | 41,141 | ​ | $ | 45,191 | ​ | $ | 77,310 | ​ | $ | 48,066 | ​ | $ | 172,641 | ​ | $ | 0 | ​ | $ | 398,496
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 5 | ​ | $ | 0 | ​ | $ | 5
Consumer loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 1,526 | ​ | $ | 2,758 | ​ | $ | 2,442 | ​ | $ | 2,191 | ​ | $ | 675 | ​ | $ | 1,033 | ​ | $ | 59,943 | ​ | $ | 70,568
Special Mention | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Substandard | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 3 | ​ | ​ | 2 | ​ | ​ | 0 | ​ | ​ | 67 | ​ | ​ | 505 | ​ | ​ | 577
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total consumer loans | ​ | $ | 1,526 | ​ | $ | 2,758 | ​ | $ | 2,445 | ​ | $ | 2,193 | ​ | $ | 675 | ​ | $ | 1,100 | ​ | $ | 60,448 | ​ | $ | 71,145
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 24 | ​ | $ | 38 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 82 | ​ | $ | 144
Total Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 108,926 | ​ | $ | 193,275 | ​ | $ | 254,420 | ​ | $ | 320,287 | ​ | $ | 213,168 | ​ | $ | 568,674 | ​ | $ | 173,613 | ​ | $ | 1,832,363
Special Mention | ​ |  | 261 | ​ |  | 573 | ​ |  | 1,552 | ​ |  | 17,043 | ​ |  | 2,132 | ​ |  | 13,835 | ​ |  | 9,021 | ​ |  | 44,417
Substandard | ​ | ​ | 0 | ​ | ​ | 109 | ​ | ​ | 645 | ​ | ​ | 13,303 | ​ | ​ | 7,175 | ​ | ​ | 18,943 | ​ | ​ | 2,303 | ​ | ​ | 42,478
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total | ​ | $ | 109,187 | ​ | $ | 193,957 | ​ | $ | 256,617 | ​ | $ | 350,633 | ​ | $ | 222,475 | ​ | $ | 601,452 | ​ | $ | 184,937 | ​ | $ | 1,919,258
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 24 | ​ | $ | 38 | ​ | $ | 333 | ​ | $ | 14 | ​ | ​ | 290 | ​ | $ | 699
​ ​ The following table presents the amortized cost of loans by credit quality indicators by year of origination as of December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Term Loans by Year of Origination | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | Prior | ​ | Revolving | ​ | Total
Commercial real estate - non-owner occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 59,708 | ​ | $ | 99,900 | ​ | $ | 161,497 | ​ | $ | 78,884 | ​ | $ | 51,851 | ​ | $ | 243,578 | ​ | $ | 0 | ​ | $ | 695,418
Special Mention | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 16,233 | ​ |  | 1,371 | ​ |  | 0 | ​ |  | 8,188 | ​ |  | 0 | ​ |  | 25,792
Substandard | ​ | ​ | 116 | ​ | ​ | 0 | ​ | ​ | 9,928 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 8,311 | ​ | ​ | 0 | ​ | ​ | 18,355
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total commercial real estate - non-owner occupied | ​ | $ | 59,824 | ​ | $ | 99,900 | ​ | $ | 187,658 | ​ | $ | 80,255 | ​ | $ | 51,851 | ​ | $ | 260,077 | ​ | $ | 0 | ​ | $ | 739,565
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 757 | ​ | $ | 0 | ​ | $ | 757
Commercial real estate - owner occupied | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Pass | ​ | $ | 25,552 | ​ | $ | 33,533 | ​ | $ | 52,207 | ​ | $ | 49,410 | ​ | $ | 11,444 | ​ | $ | 76,558 | ​ | $ | 0 | ​ | $ | 248,704
Special Mention | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 961 | ​ |  | 0 | ​ |  | 961
Substandard |  | ​ | 0 | ​ | ​ | 5,125 | ​ | ​ | 729 | ​ | ​ | 2,367 | ​ | ​ | 0 | ​ | ​ | 3,185 | ​ | ​ | 0 | ​ | ​ | 11,406
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total commercial real estate - owner occupied | ​ | $ | 25,552 | ​ | $ | 38,658 | ​ | $ | 52,936 | ​ | $ | 51,777 | ​ | $ | 11,444 | ​ | $ | 80,704 | ​ | $ | 0 | ​ | $ | 261,071
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0
All other commercial loans | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Pass | ​ | $ | 73,812 | ​ | $ | 74,301 | ​ | $ | 44,245 | ​ | $ | 44,367 | ​ | $ | 23,084 | ​ | $ | 30,656 | ​ | $ | 109,121 | ​ | $ | 399,586
Special Mention | ​ | ​ | 533 | ​ |  | 0 | ​ |  | 2,306 | ​ |  | 2 | ​ |  | 0 | ​ |  | 0 | ​ |  | 2,147 | ​ |  | 4,988
Substandard | ​ | ​ | 44 | ​ | ​ | 0 | ​ | ​ | 3,478 | ​ | ​ | 5,229 | ​ | ​ | 109 | ​ | ​ | 1,078 | ​ | ​ | 8,765 | ​ | ​ | 18,703
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total all other commercial loans | ​ | $ | 74,389 | ​ | $ | 74,301 | ​ | $ | 50,029 | ​ | $ | 49,598 | ​ | $ | 23,193 | ​ | $ | 31,734 | ​ | $ | 120,033 | ​ | $ | 423,277
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 427 | ​ | $ | 60 | ​ | $ | 21 | ​ | $ | 122 | ​ | $ | 0 | ​ | $ | 630
Residential mortgage loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 41,450 | ​ | $ | 48,937 | ​ | $ | 80,789 | ​ | $ | 50,108 | ​ | $ | 35,601 | ​ | $ | 146,231 | ​ | $ | 0 | ​ | $ | 403,116
Special Mention | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Substandard | ​ | ​ | 0 | ​ | ​ | 380 | ​ | ​ | 0 | ​ | ​ | 85 | ​ | ​ | 82 | ​ | ​ | 4,346 | ​ | ​ | 0 | ​ | ​ | 4,893
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total residential mortgage loans | ​ | $ | 41,450 | ​ | $ | 49,317 | ​ | $ | 80,789 | ​ | $ | 50,193 | ​ | $ | 35,683 | ​ | $ | 150,577 | ​ | $ | 0 | ​ | $ | 408,009
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0
Consumer loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 3,859 | ​ | $ | 3,441 | ​ | $ | 2,848 | ​ | $ | 1,013 | ​ | $ | 599 | ​ | $ | 679 | ​ | $ | 50,860 | ​ | $ | 63,299
Special Mention | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Substandard | ​ | ​ | 0 | ​ | ​ | 8 | ​ | ​ | 4 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 71 | ​ | ​ | 544 | ​ | ​ | 627
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total consumer loans | ​ | $ | 3,859 | ​ | $ | 3,449 | ​ | $ | 2,852 | ​ | $ | 1,013 | ​ | $ | 599 | ​ | $ | 750 | ​ | $ | 51,404 | ​ | $ | 63,926
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 69 | ​ | $ | 130 | ​ | $ | 7 | ​ | $ | 8 | ​ | $ | 1 | ​ | $ | 114 | ​ | $ | 329
Total Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 204,381 | ​ | $ | 260,112 | ​ | $ | 341,586 | ​ | $ | 223,782 | ​ | $ | 122,579 | ​ | $ | 497,702 | ​ | $ | 159,981 | ​ | $ | 1,810,123
Special Mention | ​ |  | 533 | ​ |  | 0 | ​ |  | 18,539 | ​ |  | 1,373 | ​ |  | 0 | ​ |  | 9,149 | ​ |  | 2,147 | ​ |  | 31,741
Substandard | ​ | ​ | 160 | ​ | ​ | 5,513 | ​ | ​ | 14,139 | ​ | ​ | 7,681 | ​ | ​ | 191 | ​ | ​ | 16,991 | ​ | ​ | 9,309 | ​ | ​ | 53,984
Doubtful | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total | ​ | $ | 205,074 | ​ | $ | 265,625 | ​ | $ | 374,264 | ​ | $ | 232,836 | ​ | $ | 122,770 | ​ | $ | 523,842 | ​ | $ | 171,437 | ​ | $ | 1,895,848
Year-to-date gross charge-offs | ​ | $ | 0 | ​ | $ | 69 | ​ | $ | 557 | ​ | $ | 67 | ​ | $ | 29 | ​ | $ | 880 | ​ | ​ | 114 | ​ | $ | 1,716
​ The following tables are a summary of the Corporation’s nonaccrual loans by major categories for the periods indicated. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025
​ | ​ | Nonaccrual Loans with | ​ | Nonaccrual Loans | ​ | Total Nonaccrual
(In Thousands) | ​ | No Allowance | ​ | with an Allowance | ​ | Loans
Commercial real estate - non-owner occupied | ​ | $ | 6,634 | ​ | $ | 0 | ​ | $ | 6,634
Commercial real estate - owner occupied | ​ |  | 4,562 | ​ |  | 239 | ​ |  | 4,801
All other commercial loans | ​ | ​ | 9,761 | ​ | ​ | 0 | ​ | ​ | 9,761
Residential mortgage loans | ​ | ​ | 3,718 | ​ | ​ | 0 | ​ | ​ | 3,718
Consumer loans | ​ |  | 276 | ​ |  | 0 | ​ |  | 276
Total | ​ | $ | 24,951 | ​ | $ | 239 | ​ | $ | 25,190
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ |  | Nonaccrual Loans with | ​ | Nonaccrual Loans | ​ | Total Nonaccrual
(In Thousands) |  | No Allowance | ​ | with an Allowance | ​ | Loans
Commercial real estate - non-owner occupied | ​ | $ | 7,370 | ​ | $ | 0 | ​ | $ | 7,370
Commercial real estate - owner occupied | ​ |  | 1,467 | ​ |  | 258 | ​ |  | 1,725
All other commercial loans | ​ | ​ | 10,006 | ​ | ​ | 0 | ​ | ​ | 10,006
Residential mortgage loans | ​ | ​ | 4,310 | ​ | ​ | 0 | ​ | ​ | 4,310
Consumer loans | ​ |  | 431 | ​ |  | 0 | ​ |  | 431
Total | ​ | $ | 23,584 | ​ | $ | 258 | ​ | $ | 23,842
​ The Corporation recognized interest income on nonaccrual loans of $227,000 and $457,000 in the three and six months ended June 30, 2025, respectively and $285,000 and $516,000 in the three and six months ended June 30, 2024, respectively. The following table represents the accrued interest receivable written off by reversing interest income during the three-month and six-month periods ended June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Three Months Ended | ​ | Six Months Ended | ​ | Six Months Ended
(In Thousands) | ​ | June 30, 2025 | ​ | June 30, 2024 | ​ | June 30, 2025 | ​ | June 30, 2024
Commercial real estate - non-owner occupied | ​ | $ | 0 | ​ | $ | 7 | ​ | $ | 0 | ​ | $ | 19
Commercial real estate - owner occupied | ​ |  | 51 | ​ |  | 10 | ​ |  | 51 | ​ |  | 10
All other commercial loans | ​ | ​ | 0 | ​ | ​ | 2 | ​ | ​ | 0 | ​ | ​ | 118
Residential mortgage loans | ​ | ​ | 3 | ​ | ​ | 5 | ​ | ​ | 8 | ​ | ​ | 18
Consumer loans | ​ |  | 0 | ​ |  | 2 | ​ |  | 0 | ​ |  | 4
Total | ​ | $ | 54 | ​ | $ | 26 | ​ | $ | 59 | ​ | $ | 169
​ The Corporation has certain loans for which repayment is dependent upon the operation or sale of collateral, as the borrower is experiencing financial difficulty. The underlying collateral can vary based upon the type of loan. The following provides more detail about the types of collateral that secure collateral dependent loans:
| ● | Commercial real estate loans can be secured by either owner occupied commercial real estate or non-owner occupied investment commercial real estate. Typically, owner occupied commercial real estate loans are secured by office buildings, warehouses, manufacturing facilities and other commercial and industrial properties occupied by operating companies. Non-owner occupied commercial real estate loans are generally secured by office buildings and complexes, retail facilities, multifamily complexes, land under development, industrial properties, as well as other commercial or industrial real estate.
| ● | All other commercial loans include loans typically secured by business assets including inventory, equipment and receivables. This category also included commercial construction and land loans and some commercial lines of credit that are secured by real estate.
| ● | Residential mortgage loans are typically secured by first mortgages, and, in some cases, could be secured by a second mortgage.
| ● | Consumer loans are generally secured by automobiles, motorcycles, recreational vehicles and other personal property. Some consumer loans are unsecured and have no underlying collateral.
The following table details the amortized cost of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025 | ​ | December 31, 2024
​ | ​ | Amortized | ​ | ​ | ​ | Amortized | ​ | ​
(In Thousands) | ​ | Cost | ​ | Allowance | ​ | Cost | ​ | Allowance
Commercial real estate - non-owner occupied | ​ | $ | 6,634 | ​ | $ | 0 | ​ | $ | 7,370 | ​ | $ | 0
Commercial real estate - owner occupied | ​ |  | 4,801 | ​ |  | 9 | ​ |  | 6,749 | ​ |  | 122
All other commercial loans | ​ | ​ | 9,761 | ​ | ​ | 0 | ​ | ​ | 16,006 | ​ | ​ | 0
Total | ​ | $ | 21,196 | ​ | $ | 9 | ​ | $ | 30,125 | ​ | $ | 122
​ Allowance for Credit Losses The allowance for credit losses (“ACL”) on loans represents management’s estimate of lifetime credit losses inherent in loans as of the consolidated balance sheet date. The ACL on loans includes two primary components: (i) an allowance established on loans which share similar risk characteristics which are collectively evaluated for credit losses, and (ii) an allowance established on loans which do not share similar risk characteristics with any loan segment and which are individually evaluated for credit losses. Management determines the ACL on loans that are collectively evaluated by considering the following: (a) the weighted-average remaining maturity (WARM) method is used to estimate credit losses, based on the Corporation’s historical loss experience, for pools of loans with similar risk and cash flow characteristics; (b) subjective adjustments are made, generally increasing the ACL, for qualitative risk factors that are deemed likely to cause estimated credit losses to differ from historical experience; and (c) an additional adjustment to expected credit losses is made, based on an economic forecast, and applied for the first 2 years of the weighted-average remaining life of the portfolio. The following table summarizes the activity related to the allowance for credit losses for the three and six months ended June 30, 2025 and 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Commercial | ​ | Commercial | ​ | All | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | real estate - | ​ | real estate - | ​ | other | ​ | Residential | ​ | ​ | ​ | ​ | ​
​ | nonowner | ​ | owner | ​ | commercial | ​ | mortgage | ​ | Consumer | ​ | ​ | ​
(In Thousands) | occupied | ​ | occupied | ​ | loans | ​ | loans | ​ | loans | ​ | Total
Balance, March 31, 2025 | $ | 12,060 | ​ | $ | 2,769 | ​ | $ | 3,594 | ​ | $ | 1,281 | ​ | $ | 468 | ​ | $ | 20,172
Charge-offs | ​ | (9) | ​ | ​ | 0 | ​ | ​ | (541) | ​ | ​ | (5) | ​ | ​ | (27) | ​ | ​ | (582)
Recoveries | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 1 | ​ | ​ | 1 | ​ | ​ | 32 | ​ | ​ | 34
Provision (credit) for credit losses on loans |  | 1,042 | ​ |  | 286 | ​ |  | 837 | ​ |  | 37 | ​ |  | (127) | ​ |  | 2,075
Balance, June 30, 2025 | $ | 13,093 | ​ | $ | 3,055 | ​ | $ | 3,891 | ​ | $ | 1,314 | ​ | $ | 346 | ​ | $ | 21,699
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Commercial | ​ | Commercial | ​ | All | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | real estate - | ​ | real estate - | ​ | other | ​ | Residential | ​ | ​ | ​ | ​ | ​
​ | nonowner | ​ | owner | ​ | commercial | ​ | mortgage | ​ | Consumer | ​ | ​ | ​
(In Thousands) | occupied | ​ | occupied | ​ | loans | ​ | loans | ​ | loans | ​ | Total
Balance, December 31, 2024 | $ | 11,964 | ​ | $ | 2,844 | ​ | $ | 3,361 | ​ | $ | 1,356 | ​ | $ | 510 | ​ | $ | 20,035
Charge-offs | ​ | (9) | ​ | ​ | 0 | ​ | ​ | (541) | ​ | ​ | (5) | ​ | ​ | (144) | ​ | ​ | (699)
Recoveries | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 2 | ​ | ​ | 2 | ​ | ​ | 56 | ​ | ​ | 60
Provision (credit) for credit losses on loans |  | 1,138 | ​ |  | 211 | ​ |  | 1,069 | ​ |  | (39) | ​ |  | (76) | ​ |  | 2,303
Balance, June 30, 2025 | $ | 13,093 | ​ | $ | 3,055 | ​ | $ | 3,891 | ​ | $ | 1,314 | ​ | $ | 346 | ​ | $ | 21,699
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Commercial | ​ | Commercial | ​ | All | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | real estate - | ​ | real estate - | ​ | other | ​ | Residential | ​ | ​ | ​ | ​ | ​
​ | nonowner | ​ | owner | ​ | commercial | ​ | mortgage | ​ | Consumer | ​ | ​ | ​
(In Thousands) | occupied | ​ | occupied | ​ | loans | ​ | loans | ​ | loans | ​ | Total
Balance, March 31, 2024 | $ | 12,533 | ​ | $ | 2,718 | ​ | $ | 3,580 | ​ | $ | 769 | ​ | $ | 423 | ​ | $ | 20,023
Charge-offs | ​ | (117) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (119) | ​ | ​ | (236)
Recoveries | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 15 | ​ | ​ | 0 | ​ | ​ | 14 | ​ | ​ | 29
Provision (credit) for credit losses on loans |  | (239) | ​ |  | 183 | ​ |  | 83 | ​ |  | 343 | ​ |  | 196 | ​ |  | 566
Balance, June 30, 2024 | $ | 12,177 | ​ | $ | 2,901 | ​ | $ | 3,678 | ​ | $ | 1,112 | ​ | $ | 514 | ​ | $ | 20,382
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Commercial | ​ | Commercial | ​ | All | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | real estate - | ​ | real estate - | ​ | other | ​ | Residential | ​ | ​ | ​ | ​ | ​
​ | nonowner | ​ | owner | ​ | commercial | ​ | mortgage | ​ | Consumer | ​ | ​ | ​
(In Thousands) | occupied | ​ | occupied | ​ | loans | ​ | loans | ​ | loans | ​ | Total
Balance, December 31, 2023 | $ | 12,010 | ​ | $ | 2,116 | ​ | $ | 2,918 | ​ | $ | 1,764 | ​ | $ | 400 | ​ | $ | 19,208
Charge-offs | ​ | (117) | ​ | ​ | 0 | ​ | ​ | (60) | ​ | ​ | 0 | ​ | ​ | (239) | ​ | ​ | (416)
Recoveries | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 35 | ​ | ​ | 3 | ​ | ​ | 26 | ​ | ​ | 64
Provision (credit) for credit losses on loans |  | 284 | ​ | ​ | 785 | ​ | ​ | 785 | ​ | ​ | (655) | ​ | ​ | 327 | ​ |  | 1,526
Balance, June 30, 2024 | $ | 12,177 | ​ | $ | 2,901 | ​ | $ | 3,678 | ​ | $ | 1,112 | ​ | $ | 514 | ​ | $ | 20,382
​ The ACL on loans individually evaluated decreased to $9,000 at June 30, 2025 from $122,000 at December 31, 2024. At June 30, 2025, there were loans to one borrower with a total amortized cost basis of $239,000 for which an individual ACL was recorded. At December 31, 2024, there were loans to one borrower with a total amortized cost basis of $258,000 for which an individual ACL was recorded. ​ The ACL on loans collectively evaluated was $21,690,000 at June 30, 2025, up from $19,913,000 at December 31, 2024. The increase in the collectively evaluated portion of the ACL at June 30, 2025 as compared to December 31, 2024 included a net increase related to changes in qualitative adjustments and in an economic forecast, partially offset by a decrease in the portion of the ACL based on the WARM method estimated losses resulting partially from a reduction in the estimated average life of the portfolio. ​ Modifications Made to Borrowers Experiencing Financial Difficulty ​ The Corporation closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. During the three and six months ended June 30, 2025 and June 30, 2024, the Corporation made no modifications of loans to borrowers experiencing financial difficulty. ​ The following table presents the performance of such loans that have been modified in the twelve-month period preceding June 30, 2025 and the twelve-month period preceding June 30, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | Payment Status (Amortized Cost Basis)
June 30, 2025 |  | Current or Past Due Less than 30 Days |  | 90+ Days Past Due |  | Total
Commercial real estate - non-owner occupied | ​ | $ | 2,585 | ​ | $ | 0 | ​ | $ | 2,585
Commercial real estate - owner occupied | ​ | ​ | 217 | ​ | ​ | 0 | ​ | ​ | 217
Total | ​ | $ | 2,802 | ​ | $ | 0 | ​ | $ | 2,802
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | Payment Status (Amortized Cost Basis)
June 30, 2024 |  | Current or Past Due Less than 30 Days |  | 90+ Days Past Due |  | Total
Commercial real estate - non-owner occupied | ​ | $ | 2,504 | ​ | $ | 1,381 | ​ | $ | 3,885
​ Included in performance of loans modified in the twelve-month period preceding June 30, 2025 table above, was one loan secured by non-owner occupied commercial real estate with an amortized cost basis of $1,790,000 that was in nonaccrual status at June 30, 2025. ​ For the loan secured by non-owner occupied real estate with an amortized cost basis of $1,790,000 at June 30, 2025, the Corporation had extended the maturity for 12 months in the fourth quarter 2023. In 2024, the borrower continued to experience financial difficulty, and the Corporation provided another six-month extension of the maturity. The Corporation recorded a partial charge-off of $640,000 on this loan in 2024. There was no specific ACL on this loan at June 30, 2025 and December 31, 2024. The loan that was past due more than 90 days at June 30, 2024 in the table above was in default with its modified terms at June 30, 2024. The Corporation received payments totaling $258,000 in the twelve-month period ended June 30, 2025, all of which were applied to principal. The amortized cost basis of the loan was $1,123,000 at June 30, 2025. ​ The Corporation had no commitments to lend any additional funds on modified loans during the three and six months ended June 30, 2025 and 2024, and the Corporation had no loans that defaulted during the three and six months ended June 30, 2025 and 2024 that had been modified preceding the payment default when the borrower was experiencing financial difficulty at the time of modification. The carrying amount of foreclosed residential real estate properties held as a result of obtaining physical possession (included in foreclosed assets held for sale in the unaudited consolidated balance sheets) is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | June 30, |  | December 31,
​ | ​ | 2025 | ​ | 2024
Foreclosed residential real estate | ​ | $ | 246 | ​ | $ | 25
​ The amortized cost of consumer mortgage loans secured by residential real properties for which formal foreclosure proceedings were in process is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | June 30, |  | December 31,
​ | ​ | 2025 | ​ | 2024
Residential real estate in process of foreclosure | ​ | $ | 445 | ​ | $ | 717
​ The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financial needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. The contract amounts of these financial instruments at June 30, 2025 and December 31, 2024 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(In Thousands) |  | 2025 |  | 2024
Commitments to extend credit | ​ | $ | 408,779 | ​ | $ | 380,003
Standby letters of credit | ​ |  | 65,258 | ​ |  | 64,586
​ The Corporation maintains an allowance for off-balance sheet credit exposures such as unfunded balances for existing lines of credit, commitments to extend future credit, commercial letters of credit and credit enhancement obligations related to residential mortgage loans sold with recourse, when there is a contractual obligation to extend credit and when this extension of credit is not unconditionally cancellable (i.e. commitment cannot be canceled at any time). The allowance for off-balance sheet credit exposures is adjusted through the provision for credit losses. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over their estimated lives. The allowance for credit losses for off-balance sheet exposures of $742,000 at June 30, 2025 and $455,000 at December 31, 2024, is included in accrued interest and other liabilities on the unaudited consolidated balance sheets. ​ The following table presents the balance and activity in the allowance for credit losses for off-balance sheet exposures for the three and six months ended June 30, 2025 and 2024: ​ ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | ​ | Six Months Ended
(In Thousands) | ​ | June 30, 2025 | ​ | June 30, 2024 | ​ | June 30, 2025 | ​ | June 30, 2024
Beginning Balance | ​ | $ | 463 | ​ | $ | 684 | ​ | $ | 455 | ​ | $ | 690
Provision (credit) for unfunded commitments | ​ | ​ | 279 | ​ | ​ | (1) | ​ | ​ | 287 | ​ | ​ | (7)
Ending Balance, June 30 | ​ | $ | 742 | ​ | $ | 683 | ​ | $ | 742 | ​ | $ | 683
​

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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