XML 58 R44.htm IDEA: XBRL DOCUMENT v3.25.0.1
Loans (Tables)
 12 Months Ended
Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Composition of Loan Portfolio The following table shows the composition of the Company's loan portfolio as of December 31, 2024 and 2023:
 December 31, 2024December 31, 2023
Commercial
   Real Estate Owner Occupied$358,588,000 15.3 %$314,819,000 14.8 %
   Real Estate Non-Owner Occupied403,899,000 17.3 %390,167,000 18.3 %
   Construction99,717,000 4.3 %88,673,000 4.2 %
   C&I365,817,000 15.6 %315,026,000 14.8 %
     Multifamily 108,732,000 4.6 %93,476,000 4.4 %
     Agriculture52,219,000 2.2 %45,230,000 2.1 %
Municipal61,827,000 2.6 %51,423,000 2.4 %
Residential
   Term710,807,000 30.4 %674,855,000 31.7 %
   Construction35,481,000 1.5 %32,358,000 1.5 %
Home Equity
      Revolving and Term123,063,000 5.3 %104,026,000 4.9 %
Consumer20,790,000 0.9 %19,401,000 0.9 %
Total loans$2,340,940,000 100.0 %$2,129,454,000 100.0 %
Schedule of Loans to Directors, Officers and Employees which exceed $60,000 A summary of loans to directors and executive officers is as follows:
For the years ended December 31,20242023
Balance at beginning of year$33,524,000 $29,490,000 
New loans 3,462,000 9,921,000 
Repayments(4,804,000)(5,598,000)
Retired director— (289,000)
Balance at end of year$32,182,000 $33,524,000 
Schedule of Past Due Loans Aging Information on the past-due status of loans by class of financing receivable as of December 31, 2024, is presented in the following table:
30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due		All
Past Due		CurrentTotal90+ Days
&
Accruing
Commercial
   Real Estate Owner Occupied$— $257,000 $292,000 $549,000 $358,039,000 $358,588,000 $— 
   Real Estate Non-Owner Occupied— — — — 403,899,000 403,899,000 — 
   Construction— — — — 99,717,000 99,717,000 — 
   C&I346,000 1,112,000 540,000 1,998,000 363,819,000 365,817,000 10,000 
      Multifamily— — — — 108,732,000 108,732,000 — 
      Agriculture115,000 — — 115,000 52,104,000 52,219,000 — 
Municipal— — — — 61,827,000 61,827,000 — 
Residential
   Term137,000 2,614,000 935,000 3,686,000 707,121,000 710,807,000 778,000 
   Construction390,000 — — 390,000 35,091,000 35,481,000 — 
Home Equity
      Revolving and Term1,074,000 368,000 94,000 1,536,000 121,527,000 123,063,000 — 
Consumer592,000 285,000 232,000 1,109,000 19,681,000 20,790,000 232,000 
Total$2,654,000 $4,636,000 $2,093,000 $9,383,000 $2,331,557,000 $2,340,940,000 $1,020,000 

Information on the past-due status of loans by class of financing receivable as of December 31, 2023, is presented in the following table:
 30-59 Days Past Due60-89 Days Past Due90+ Days Past DueAll Past DueCurrentTotal90+ Days & Accruing
Commercial
   Real Estate Owner Occupied$— $— $— $— $314,819,000 $314,819,000 $— 
   Real Estate Non-Owner Occupied— — — — 393,636,000 393,636,000 — 
   Construction— 9,000 8,000 17,000 88,656,000 88,673,000 — 
   C&I714,000 35,000 120,000 869,000 355,918,000 356,787,000 10,000 
      Multifamily— — — — 93,476,000 93,476,000 — 
Municipal31,000 — — 31,000 51,392,000 51,423,000 — 
Residential
Term254,000 818,000 728,000 1,800,000 673,055,000 674,855,000 360,000 
Construction— — — — 32,358,000 32,358,000 — 
Home Equity
     Revolving and Term495,000 95,000 26,000 616,000 103,410,000 104,026,000 — 
Consumer475,000 22,000 58,000 555,000 18,846,000 19,401,000 59,000 
Total$1,969,000 $979,000 $940,000 $3,888,000 $2,125,566,000 $2,129,454,000 $429,000 
Schedule of Nonaccrual Loans
The following table presents the amortized costs basis of loans on nonaccrual status as of as of December 31, 2024 and 2023 is presented in the following table:
As of December 31,20242023
Nonaccrual with Allowance for Credit LossNonaccrual with no Allowance for Credit LossTotal NonaccrualNonaccrual with Allowance for Credit LossNonaccrual with no Allowance for Credit LossTotal Nonaccrual
Commercial
   Real Estate Owner Occupied$— $553,000 $553,000 $— $— $— 
   Real Estate Non-Owner Occupied— 61,000 61,000 — — — 
   Construction— 18,000 18,000 — 29,000 29,000 
   C&I1,359,000 336,000 1,695,000 354,000 184,000 538,000 
      Multifamily— — — — — — 
     Agriculture— 31,000 31,000 — — — 
Municipal— — — — — — 
Residential
   Term— 1,599,000 1,599,000 304,000 1,011,000 1,315,000 
   Construction— — — — — — 
Home Equity
      Revolving and Term— 291,000 291,000 — 296,000 296,000 
Consumer— — — — — — 
Total$1,359,000 $2,889,000 $4,248,000 $658,000 $1,520,000 $2,178,000 
Schedule of Amortized Cost Basis of Collateral Dependent Loans
The following table presents the amortized cost basis of collateral-dependent loans as of December 31, 2024 and 2023, by collateral type:
December 31, 2024December 31, 2023
Collateral TypeCollateral Type
Commercial Real EstateResidential Real EstateOtherTotalCommercial Real EstateResidential Real EstateTotal
Commercial
   Real estate owner occupied$263,000 $— $— $263,000 $— $— $— 
   Real estate non-owner occupied67,000——67,000———
   Construction———————
   C&I——1,438,0001,438,000———
   Multifamily———————
   Agriculture———————
Municipal———————
Residential
   Term—558,000—558,000—685,000685,000
   Construction———————
Home Equity
   Revolving and term———————
Consumer———————
Total$330,000 $558,000 $1,438,000 $2,326,000 $— $685,000 $685,000 
Schedule of Troubled Debt Restructurings on Financing Receivables
The following tables represent loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the year ended December 31, 2024:

Amortized Cost Basis
Payment DeferralTerm ExtensionInterest Rate ReductionPrincipal ForgivenessCombination Payment Deferral and Term Extension% of Total Class of Financing Receivable
Commercial
  Real estate owner occupied$633,000 $— $— $— $— 0.18 %
  Construction69,000 — — — — 0.08 %
  C&I169,000 13,000 — — 54,000 0.06 %
  Multifamily1,932,000 — — — — 1.75 %
Residential
  Term1,019,000 127,000 — — — 0.16 %
Home Equity
  Revolving and term— — — — 66,000 0.06 %
Total$3,822,000 $140,000 $— $— $120,000 
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024:

Payment Deferral
Financial Effect
Commercial
  Real estate owner occupiedTemporary payment accommodation, payments deferred to end of loan
  ConstructionTemporary payment accommodation, payments deferred to end of loan
  C&ITemporary payment accommodation, payments deferred to end of loan
  MultifamilyTemporary payment accommodation, payments deferred to end of loan
Residential
  TermTemporary payment accommodation, payments deferred to end of loan


Term Extension
Financial Effect
Commercial
  C&I
Extended Term 12 months
Residential
  Term
Extended Term 24 months

Payment Deferral & Term Extension
Financial Effect
Commercial
  C&I
Temporary payment accommodation, payments deferred to end of loan - Extended Term 90 days
Home Equity
  Revolving and term
Temporary payment accommodation, payments deferred to end of loan - Extended Term 60 days

The following tables represent loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the year ended December 31, 2023:

Amortized Cost Basis
Payment DeferralTerm ExtensionInterest Rate ReductionPrincipal ForgivenessCombination Payment Deferral and Term Extension% of Total Class of Financing Receivable
Commercial
  Real estate owner occupied$— $— $— $— $786,000 0.25 %
  C&I114,000 — — — 174,000 0.09 %
Consumer23,000 13,000 — — — 0.19 %
Total$137,000 $13,000 $— $— $960,000 
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the
year ended December 31, 2023:

Payment Deferral
Financial Effect
Commercial
  C&ITemporary payment accommodation, payments deferred to end of loan
ConsumerTemporary payment accommodation, payments deferred to end of loan

Term Extension
Financial Effect
Consumer
Extended Term 90 days

Payment Deferral & Term Extension
Financial Effect
Commercial
  Commercial real estate owner occupied
Temporary payment accommodation, payments deferred to end of loan - Extended Term 90 days
  C&I
Temporary payment accommodation, payments deferred to end of loan - Extended Term 90 days

The Company monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified during the year ended December 31, 2024:

Payment Status (Amortized Cost Basis)
Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Commercial
     Real estate owner occupied$633,000 $— $— $— 
     Real estate non-owner occupied— — — — 
     Construction69,000 — — — 
     C&I236,000 — — — 
     Multifamily1,932,000 — — — 
     Agriculture— — — — 
Residential
     Term570,000 127,000 449,000 — 
Home Equity
     Revolving and term66,000 — — — 
Consumer— — — — 
Total$3,506,000 $127,000 $449,000 $— 
The following table depicts loans that were modified in 2023 which defaulted upon the modified terms during 2024:
Payment Status (Amortized Cost Basis)
30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Commercial
     Real estate owner occupied$502,000 $— $283,000 
     C&I— — 35,000 
Consumer— — 13,000 
Total$502,000 $— $331,000 

The following table depicts the performance of loans that have been modified during 2023 as of December 31, 2023:
Payment Status (Amortized Cost Basis)
Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Commercial
     Real estate owner occupied$786,000 $— $— $— 
     C&I269,000 19,000 — — 
Consumer36,000 — — — 
Total$1,091,000 $19,000 $— $—