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Loans (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Schedule of Composition of Loan Portfolio

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			%

Schedule of Past Due Loans Aging

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

Schedule of Nonaccrual Loans

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

Schedule of Individually Analyzed Loans by Class of Financing Receivable

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

Schedule of Troubled Debt Restructurings on Financing Receivables

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		$	—		$	—		$	—

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