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v3.25.1

Loans | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Loans | Loans The Company periodically reviews and updates the segmentation of its loan portfolio. Updates performed in conjunction with adoption of ASC 326 in 2023 consisted of reporting what had been a single class, commercial real estate loans, as three classes - commercial real estate owner occupied, commercial real estate non-owner occupied, and commercial multi-family. In addition home equity installment loans which had previously been included in the residential term class were included in the home equity revolving and term class. In 2024, a new segment was established for Agriculture loans. Loan Portfolio by Class: The following table shows the composition of the Company's loan portfolio by class of financing receivable as of March 31, 2025 and 2024 and at December 31, 2024:
| March 31, 2025 |  | December 31, 2024 |  | March 31, 2024 |
Commercial |  |  |  |  |  |  |  |  |
Real estate owner occupied | $ | 370,465,000 |  | 15.5 |  | % | $ | 358,588,000 |  | 15.3 |  | % | $ | 327,496,000 |  | 15.1 |  | %
Real estate non-owner occupied | 413,530,000 |  | 17.4 |  | % | 403,899,000 |  | 17.3 |  | % | 399,658,000 |  | 18.4 |  | %
Construction | 76,402,000 |  | 3.2 |  | % | 99,717,000 |  | 4.3 |  | % | 85,817,000 |  | 3.9 |  | %
C&I | 379,767,000 |  | 16.0 |  | % | 365,817,000 |  | 15.6 |  | % | 321,855,000 |  | 14.8 |  | %
Multifamily | 131,036,000 |  | 5.5 |  | % | 108,732,000 |  | 4.6 |  | % | 101,344,000 |  | 4.7 |  | %
Agriculture | 48,705,000 |  | 2.0 |  | % | 52,219,000 |  | 2.2 |  | % | 45,064,000 |  | 2.1 |  | %
Municipal | 55,104,000 |  | 2.3 |  | % | 61,827,000 |  | 2.6 |  | % | 54,746,000 |  | 2.5 |  | %
Residential |  |  |  |  |  |  |  |  |
Term | 719,348,000 |  | 30.2 |  | % | 710,807,000 |  | 30.4 |  | % | 678,093,000 |  | 31.1 |  | %
Construction | 35,427,000 |  | 1.5 |  | % | 35,481,000 |  | 1.5 |  | % | 34,824,000 |  | 1.6 |  | %
Home Equity |  |  |  |  |  |  |  |  |
Revolving and term | 131,522,000 |  | 5.5 |  | % | 123,063,000 |  | 5.3 |  | % | 105,814,000 |  | 4.9 |  | %
Consumer | 21,844,000 |  | 0.9 |  | % | 20,790,000 |  | 0.9 |  | % | 19,035,000 |  | 0.9 |  | %
Total | $ | 2,383,150,000 |  | 100.0 |  | % | $ | 2,340,940,000 |  | 100.0 |  | % | $ | 2,173,746,000 |  | 100.0 |  | %
Loan balances include net deferred loan costs of $12,570,000 as of March 31, 2025, $12,457,000 as of December 31, 2024, and $11,745,000 as of March 31, 2024. Net deferred loan costs have increased from a year ago and year-to-date based upon loan origination unit volume over the periods, prepayments, and normal repayment activity. Loan balances in the Residential Term segment also include a valuation adjustment for fair value swaps hedged by certain loans in the portfolio. This adjustment added $1,120,000, $758,000, and $313,000 to the loan balances as of March 31, 2025, December 31, 2024, and March 31, 2024, respectively. Pledged Loans: Pursuant to collateral agreements, qualifying first mortgage loans and commercial real estate loans, which totaled $631,410,000 at March 31, 2025, were used to collateralize borrowings from the FHLBB. This compares to qualifying loans which totaled $626,851,000 at December 31, 2024, and $565,047,000 at March 31, 2024. In addition, commercial, residential construction and home equity loans totaling $411,257,000 at March 31, 2025, $392,562,000 at December 31, 2024, and $322,124,000 at March 31, 2024, were used to collateralize a standby line of credit at the FRBB. Past Due Loans: For all loan classes, loans over 30 days past due are considered delinquent. Information on the past-due status of loans by class of financing receivable as of March 31, 2025, is presented in the following table:
| 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due | All Past Due | Current | Total | 90+ Days & Accruing
Commercial |  |  |  |  |  |  |
Real estate owner occupied | $ | — |  | $ | — |  | $ | 195,000 |  | $ | 195,000 |  | $ | 370,270,000 |  | $ | 370,465,000 |  | $ | — |
Real estate non-owner occupied | — |  | — |  | 61,000 |  | 61,000 |  | 413,469,000 |  | 413,530,000 |  | — |
Construction | 44,000 |  | — |  | — |  | 44,000 |  | 76,358,000 |  | 76,402,000 |  | — |
C&I | 99,000 |  | 314,000 |  | 1,887,000 |  | 2,300,000 |  | 377,467,000 |  | 379,767,000 |  | — |
Multifamily | — |  | — |  | — |  | — |  | 131,036,000 |  | 131,036,000 |  | — |
Agriculture | 148,000 |  | — |  | 81,000 |  | 229,000 |  | 48,476,000 |  | 48,705,000 |  | — |
Municipal | — |  | — |  | — |  | — |  | 55,104,000 |  | 55,104,000 |  | — |
Residential |  |  |  |  |  |  |
Term | 1,136,000 |  | 342,000 |  | 1,650,000 |  | 3,128,000 |  | 716,220,000 |  | 719,348,000 |  | — |
Construction | 157,000 |  | — |  | — |  | 157,000 |  | 35,270,000 |  | 35,427,000 |  | — |
Home equity |  |  |  |  |  |  |
Revolving and term | 642,000 |  | 127,000 |  | 82,000 |  | 851,000 |  | 130,671,000 |  | 131,522,000 |  | — |
Consumer | 245,000 |  | 66,000 |  | 696,000 |  | 1,007,000 |  | 20,837,000 |  | 21,844,000 |  | 695,000 |
Total | $ | 2,471,000 |  | $ | 849,000 |  | $ | 4,652,000 |  | $ | 7,972,000 |  | $ | 2,375,178,000 |  | $ | 2,383,150,000 |  | $ | 695,000 |
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 | Current | Total | 90+ 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&I | 346,000 |  | 1,112,000 |  | 540,000 |  | 1,998,000 |  | 363,819,000 |  | 365,817,000 |  | 10,000 |
Multifamily | — |  | — |  | — |  | — |  | 108,732,000 |  | 108,732,000 |  | — |
Agriculture | 115,000 |  | — |  | — |  | 115,000 |  | 52,104,000 |  | 52,219,000 |  | — |
Municipal | — |  | — |  | — |  | — |  | 61,827,000 |  | 61,827,000 |  | — |
Residential |  |  |  |  |  |  |
Term | 137,000 |  | 2,614,000 |  | 935,000 |  | 3,686,000 |  | 707,121,000 |  | 710,807,000 |  | 778,000 |
Construction | 390,000 |  | — |  | — |  | 390,000 |  | 35,091,000 |  | 35,481,000 |  | — |
Home equity |  |  |  |  |  |  |
Revolving and term | 1,074,000 |  | 368,000 |  | 94,000 |  | 1,536,000 |  | 121,527,000 |  | 123,063,000 |  | — |
Consumer | 592,000 |  | 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 March 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 | Current | Total | 90+ Days & Accruing
Commercial |  |  |  |  |  |  |
Real estate owner occupied | $ | 283,000 |  | $ | 164,000 |  | $ | — |  | $ | 447,000 |  | $ | 327,049,000 |  | $ | 327,496,000 |  | $ | — |
Real estate non-owner occupied | — |  | — |  | — |  | — |  | 399,658,000 |  | 399,658,000 |  | — |
Construction | — |  | — |  | — |  | — |  | 85,817,000 |  | 85,817,000 |  | — |
C&I | 58,000 |  | 14,000 |  | 15,000 |  | 87,000 |  | 321,768,000 |  | 321,855,000 |  | — |
Multifamily | — |  | — |  | — |  | — |  | 101,344,000 |  | 101,344,000 |  | — |
Agriculture | 119,000 |  | — |  | — |  | 119,000 |  | 44,945,000 |  | 45,064,000 |  | — |
Municipal | — |  | — |  | — |  | — |  | 54,746,000 |  | 54,746,000 |  | — |
Residential |  |  |  |  |  |  |
Term | 36,000 |  | 47,000 |  | 746,000 |  | 829,000 |  | 677,264,000 |  | 678,093,000 |  | 48,000 |
Construction | — |  | — |  | — |  | — |  | 34,824,000 |  | 34,824,000 |  | — |
Home equity |  |  |  |  |  |  |
Revolving and term | 363,000 |  | — |  | 33,000 |  | 396,000 |  | 105,418,000 |  | 105,814,000 |  | — |
Consumer | 158,000 |  | 10,000 |  | 2,000 |  | 170,000 |  | 18,865,000 |  | 19,035,000 |  | 2,000 |
Total | $ | 1,017,000 |  | $ | 235,000 |  | $ | 796,000 |  | $ | 2,048,000 |  | $ | 2,171,698,000 |  | $ | 2,173,746,000 |  | $ | 50,000 |
Non-Accrual Loans: For all classes, loans are placed on non-accrual status when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or when principal and interest is 90 days or more past due unless the loan is both well secured and in the process of collection (in which case the loan may continue to accrue interest in spite of its past due status). A loan is "well secured" if it is secured (1) by collateral in the form of liens on or pledges of real or personal property, including securities, that have a realizable value sufficient to discharge the debt (including accrued interest) in full, or (2) by the guarantee of a financially responsible party. A loan is "in the process of collection" if collection of the loan is proceeding in due course either (1) through legal action, including judgment enforcement procedures, or, (2) in appropriate circumstances, through collection efforts not involving legal action which are reasonably expected to result in repayment of the debt or in its restoration to a current status in the near future. Cash payments received on non-accrual loans are applied to reduce the loan's principal balance until the remaining principal balance is deemed collectible, after which interest is recognized when collected. As a general rule, a loan may be restored to accrual status when payments are current for a substantial period of time, generally six months, and repayment of the remaining contractual amounts is expected, or when it otherwise becomes well secured and in the process of collection. The following table presents the amortized costs basis of loans on nonaccrual status as of March 31, 2025, December 31, 2024 and March 31, 2024:
| March 31, 2025 | December 31, 2024 | March 31, 2024
| Nonaccrual with Allowance for Credit Loss | Nonaccrual with no Allowance for Credit Loss | Total Nonaccrual | Nonaccrual with Allowance for Credit Loss | Nonaccrual with no Allowance for Credit Loss | Total Nonaccrual | Nonaccrual with Allowance for Credit Loss | Nonaccrual with no Allowance for Credit Loss | Total Nonaccrual
Commercial |  |  |  |  |  |  |  |  |
Real estate owner occupied | $ | — |  | $ | 545,000 |  | $ | 545,000 |  | $ | — |  | $ | 553,000 |  | $ | 553,000 |  | $ | — |  | $ | — |  | $ | — |
Real estate non-owner occupied | — |  | 61,000 |  | 61,000 |  | — |  | 61,000 |  | 61,000 |  | — |  | — |  | — |
Construction | — |  | 17,000 |  | 17,000 |  | — |  | 18,000 |  | 18,000 |  | — |  | 20,000 |  | 20,000 |
C&I | 1,348,000 |  | 595,000 |  | 1,943,000 |  | 1,359,000 |  | 336,000 |  | 1,695,000 |  | 346,000 |  | 48,000 |  | 394,000 |
Multifamily | — |  | 17,000 |  | 17,000 |  | — |  | — |  | — |  | — |  | — |  | — |
Agriculture | — |  | 111,000 |  | 111,000 |  | — |  | 31,000 |  | 31,000 |  | — |  | 33,000 |  | 33,000 |
Municipal | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential |  |  |  |  |  |  |  |  |
Term | — |  | 2,944,000 |  | 2,944,000 |  | — |  | 1,599,000 |  | 1,599,000 |  | — |  | 1,959,000 |  | 1,959,000 |
Construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Home equity |  |  |  |  |  |  |  |  |
Revolving and term | — |  | 415,000 |  | 415,000 |  | — |  | 291,000 |  | 291,000 |  | — |  | 304,000 |  | 304,000 |
Consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 1,348,000 |  | $ | 4,705,000 |  | $ | 6,053,000 |  | $ | 1,359,000 |  | $ | 2,889,000 |  | $ | 4,248,000 |  | $ | 346,000 |  | $ | 2,364,000 |  | $ | 2,710,000 |
Individually Analyzed Loans: IAL include loans with balances of $250,000 or more that have been placed into non-accrual or are loans identified by management as having characteristics that may impact ultimate collectibility and therefore merit individual analysis. These loans are measured at the present value of expected future cash flows discounted at the loan's effective interest rate or at the fair value of the collateral if the loan is collateral dependent. If the measure of an IAL loan is lower than the recorded investment in the loan and estimated selling costs, a specific reserve is established for the difference, or, in certain situations, if the measure of an IAL loan is lower than the recorded investment in the loan and estimated selling costs, the difference is written off. The following table presents the amortized cost basis of collateral-dependent loans as of March 31, 2025, December 31, 2024 and March 31, 2024, by collateral type:
| March 31, 2025 | December 31, 2024 |  | March 31, 2024
| Collateral Type | Collateral Type |  | Collateral Type
| Commercial Real Estate | Residential Real Estate | Other | Total | Commercial Real Estate | Residential Real Estate | Other | Total |  | Residential Real Estate | Total
Commercial |  |  |  |  |  |  |  |  |  |  |
Real estate owner occupied | $ | 260,000 |  | $ | — |  | $ | — |  | $ | 260,000 |  | $ | 263,000 |  | $ | — |  | $ | — |  | $ | 263,000 |  |  | $ | — |  | $ | — |
Real estate non-owner occupied | 67,000 |  | — |  | — |  | 67,000 |  | 67,000 |  | — |  | — |  | 67,000 |  |  | — |  | — |
Construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
C&I | — |  | — |  | 1,681,000 |  | 1,681,000 |  | — |  | — |  | 1,438,000 |  | 1,438,000 |  |  | — |  | — |
Multifamily | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
Agriculture | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
Municipal | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
Residential |  |  |  |  |  |  |  |  |  |  |
Term | — |  | 2,151,000 |  | — |  | 2,151,000 |  | — |  | 558,000 |  | — |  | 558,000 |  |  | 950,000 |  | 950,000 |
Construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
Home equity |  |  |  |  |  |  |  |  |  |  |
Revolving and term | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
Consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |
Total | $ | 327,000 |  | $ | 2,151,000 |  | $ | 1,681,000 |  | $ | 4,159,000 |  | $ | 330,000 |  | $ | 558,000 |  | $ | 1,438,000 |  | $ | 2,326,000 |  |  | $ | 950,000 |  | $ | 950,000 |
Loan Modifications to Borrowers Experiencing Financial Difficulty: Loan modifications to borrowers experiencing financial difficulty may include interest rate reduction, term extension, payment deferral, principle forgiveness or a combination thereof. It is the intent to minimize future losses while providing borrowers with financial relief. The following table represents loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the three months ended March 31, 2025:
Amortized Cost Basis
| Payment Deferral | Term Extension | Interest Rate Reduction | Principal Forgiveness | Combination Payment Deferral and Term Extension | % of Total Class of Financing Receivable
Commercial |  |  |  |  |  |
Real estate owner occupied | $ | 158,000 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | 0.04 | %
Real estate non-owner occupied | — |  | — |  | — |  | — |  | — |  | — | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
C&I | 78,000 |  | 364,000 |  | — |  | — |  | — |  | 0.02 | %
Multifamily | 910,000 |  | — |  | — |  | — |  | — |  | 0.69 | %
Agriculture | 1,536,000 |  | — |  | — |  | — |  | — |  | 3.15 | %
Municipal | — |  | — |  | — |  | — |  | — |  | — | %
Residential |  |  |  |  |  |
Term | — |  | — |  | — |  | — |  | — |  | — | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
Home Equity |  |  |  |  |  |
Revolving and term | — |  | — |  | — |  | — |  | — |  | — | %
Consumer | — |  | — |  | — |  | — |  | — |  | — | %
Total | $ | 2,682,000 |  | $ | 364,000 |  | $ | — |  | $ | — |  | $ | — |  |
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty for the three months ended March 31, 2025:
| Payment Deferral
| Financial Effect
Commercial |
Real estate owner occupied | Temporary payment accommodation, payments deferred to end of loan.
C&I | Temporary payment accommodation, payments deferred to end of loan.
Multifamily | Temporary payment accommodation, payments deferred to end of loan.
Agriculture | Temporary payment accommodation, payments deferred to end of loan.
| Term Extension
| Financial Effect
Commercial |
C&I | Temporary payment accommodation, extended term 6 months.
The following table represents loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the three months ended March 31, 2024:
Amortized Cost Basis
| Payment Deferral | Term Extension | Interest Rate Reduction | Principal Forgiveness | Combination Payment Deferral and Term Extension | % of Total Class of Financing Receivable
Commercial |  |  |  |  |  |
Real estate owner occupied | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | — | %
Real estate non-owner occupied | — |  | — |  | — |  | — |  | — |  | — | %
Construction | 69,000 |  | — |  | — |  | — |  | — |  | 0.08 | %
C&I | 61,000 |  | — |  | — |  | — |  | — |  | 0.02 | %
Multifamily | 1,932,000 |  | — |  | — |  | — |  | — |  | 1.91 | %
Agriculture | — |  | — |  | — |  | — |  | — |  | — | %
Municipal | — |  | — |  | — |  | — |  | — |  | — | %
Residential |  |  |  |  |  |
Term | 1,023,000 |  | — |  | — |  | — |  | — |  | 0.15 | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
Home Equity |  |  |  |  |  |
Revolving and term | — |  | — |  | — |  | — |  | 69,000 |  | 0.07 | %
Consumer | — |  | — |  | — |  | — |  | — |  | — | %
Total | $ | 3,085,000 |  | $ | — |  | $ | — |  | $ | — |  | $ | 69,000 |  |
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty for the three months ended March 31, 2024:
| Payment Deferral
| Financial Effect
Commercial |
Construction | Temporary payment accommodation, payments deferred to end of loan.
C&I | Temporary payment accommodation, payments deferred to end of loan.
Multifamily | Temporary payment accommodation, payments deferred to end of loan.
Residential |
Term | Temporary payment accommodation, payments deferred to end of loan.
| Payment Deferral & Term Extension
| Financial Effect
Home Equity |
Revolving and Term | Temporary payment accommodations, extended term 60 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 loans that were modified during the previous 12 months as of March 31, 2025 which defaulted upon the modified terms at some point during the 12 month period:
| Payment Status (Amortized Cost Basis)
| 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due
Commercial |  |  |
C&I | $ | — |  | $ | 170,000 |  | $ | — |
Residential |  |  |
Term | 125,000 |  | — |  | — |
Total | $ | 125,000 |  | $ | 170,000 |  | $ | — |
The following table depicts the performance of loans that have been modified during the previous 12 months as of March 31, 2025:
| Payment Status (Amortized Cost Basis) |
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due |
Commercial |  |  |  |  |
Real estate owner occupied | $ | 792,000 |  | $ | — |  | $ | — |  | $ | — |  |
Construction | — |  | — |  | — |  | — |  |
C&I | 619,000 |  | — |  | — |  | — |  |
Multifamily | 910,000 |  | — |  | — |  | — |  |
Agriculture | 1,536,000 |  | — |  | — |  | — |  |
Residential |  |  |  |  |
Term | — |  | 125,000 |  | — |  | — |  |
Home Equity |  |  |  |  |
Revolving and term | — |  | — |  | — |  | — |  |
Consumer | — |  | — |  | — |  | — |  |
Total | $ | 3,857,000 |  | $ | 125,000 |  | $ | — |  | $ | — |  |
The following table depicts loans that were modified during the previous 12 months as of March 31, 2024 which defaulted upon the modified terms at some point during the 12 month period:
| Payment Status (Amortized Cost Basis)
| 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due
Commercial |  |  |
Real estate owner occupied | $ | 501,000 |  | $ | — |  | $ | 283,000 |
C&I | 29,000 |  | — |  | 35,000 |
Residential |  |  |
Term | — |  | — |  | 449,000 |
Consumer | — |  | — |  | 13,000 |
Total | $ | 530,000 |  | $ | — |  | $ | 780,000 |
The following table depicts the performance of loans that had been modified during the the previous 12 months as of March 31, 2024:
| Payment Status (Amortized Cost Basis)
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due
Commercial |  |  |  |
Real estate owner occupied | $ | 786,000 |  | $ | — |  | $ | — |  | $ | — |
Construction | 69,000 |  | — |  | — |  | — |
C&I | 96,000 |  | — |  | — |  | — |
Multifamily | 1,932,000 |  | — |  | — |  | — |
Residential |  |  |  |
Term | 1,023,000 |  | — |  | — |  | — |
Home Equity |  |  |  |
Revolving and term | 70,000 |  | — |  | — |  | — |
Consumer | 34,000 |  | — |  | — |  | — |
Total | $ | 4,010,000 |  | $ | — |  | $ | — |  | $ | — |
Residential Mortgage Loans in Process of Foreclosure: As of March 31, 2025, there were four mortgage loans collateralized by residential real estate in the process of foreclosure with a total balance of $1,208,000. This compares to three mortgage loans collateralized by residential real estate in the process of foreclosure with a total balance of $192,000 as of December 31, 2024, and four mortgage loans collateralized by residential real estate in the process of foreclosure with a total balance of $510,000 as of March 31, 2024.

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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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- References No definition available. + Details
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