XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.25.4

Loans and Allowance for Credit Losses | 12 Months Ended
--- | ---
Dec. 31, 2025
Receivables [Abstract] |
Loans and Allowance for Credit Losses | Loans and Allowance for Credit Losses On January 1, 2023, the Company adopted ASU 2016-13 using the modified retrospective method through a cumulative-effect adjustment to retained earnings. Balance sheet information and results for reporting periods beginning with January 1, 2023 are presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310. Loans Held-For-Investment The following table presents the composition of the Company’s loans held-for-investment as of the dates indicated.
|  | December 31,
($ in thousands) |  | 2025 |  | 2024
Commercial real estate: |  |  |  |
Commercial property |  | $ | 1,071,396 |  |  | $ | 940,931 |
Business property |  | 638,063 |  |  | 595,547 |
Multifamily |  | 175,579 |  |  | 194,220 |
Construction |  | 18,561 |  |  | 21,854 |
Total commercial real estate |  | 1,903,599 |  |  | 1,752,552 |
Commercial and industrial |  | 508,662 |  |  | 472,763 |
Consumer: |  |  |  |
Residential mortgage |  | 401,337 |  |  | 392,456 |
Other consumer |  | 6,802 |  |  | 11,616 |
Total consumer |  | 408,139 |  |  | 404,072 |
Loans held-for-investment |  | 2,820,400 |  |  | 2,629,387 |
Allowance for credit losses on loans |  | (33,381) |  |  | (30,628) |
Net loans held-for-investment |  | $ | 2,787,019 |  |  | $ | 2,598,759 |
In the ordinary course of business, the Company may grant loans to certain officers and directors, and the companies with which they are associated. As of December 31, 2025 and 2024 , the Company had $0 and $0 of such loans outstanding, respectively. During the year ended December 31, 2025, the Company reclassed business property loans of $4.8 million to commercial property loans due to the changes in owner occupancy and primary source of income for repayment Allowance for Credit Losses on Loans The following table presents a composition of provision (reversal) for credit losses for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2025 |  | 2024 |  | 2023
Provision for credit losses on loans |  | $ | 3,675 |  |  | $ | 3,488 |  |  | $ | 497 |
Provision (reversal) for credit losses on off-balance sheet credit exposures |  | 353 |  |  | (87) |  |  | (629) |
Total provision (reversal) for credit losses |  | $ | 4,028 |  |  | $ | 3,401 |  |  | $ | (132) |
The following table presents the activities in ACL on loans for the periods indicated:
($ in thousands) |  | Commercial Property |  | Business Property |  | Multifamily |  | Construction |  | Commercial and Industrial |  | Residential Mortgage |  | Other Consumer |  | Total
Balance at January 1, 2023 |  | $ | 8,502 |  |  | $ | 5,749 |  |  | $ | 1,134 |  |  | $ | 151 |  |  | $ | 5,502 |  |  | $ | 3,691 |  |  | $ | 213 |  |  | $ | 24,942 |
Impact of ASC 326 adoption |  | (1,762) |  |  | 896 |  |  | 256 |  |  | — |  |  | 4,344 |  |  | (2,534) |  |  | (133) |  |  | 1,067 |
Charge-offs |  | — |  |  | (4) |  |  | — |  |  | — |  |  | (45) |  |  | — |  |  | (83) |  |  | (132) |
Recoveries |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 1,107 |  |  | — |  |  | 43 |  |  | 1,159 |
Provision (reversal) for credit losses on loans |  | 5,925 |  |  | (1,911) |  |  | 51 |  |  | (16) |  |  | (4,663) |  |  | 1,069 |  |  | 42 |  |  | 497 |
Balance at December 31, 2023 |  | 12,665 |  |  | 4,739 |  |  | 1,441 |  |  | 135 |  |  | 6,245 |  |  | 2,226 |  |  | 82 |  |  | 27,533 |
Charge-offs |  | — |  |  | (104) |  |  | (20) |  |  | — |  |  | (524) |  |  | — |  |  | (43) |  |  | (691) |
Recoveries |  | — |  |  | 4 |  |  | — |  |  | — |  |  | 126 |  |  | — |  |  | 168 |  |  | 298 |
Provision (reversal) for credit losses on loans |  | 258 |  |  | (672) |  |  | 950 |  |  | (54) |  |  | 2,866 |  |  | 280 |  |  | (140) |  |  | 3,488 |
Balance at December 31, 2024 |  | 12,923 |  |  | 3,967 |  |  | 2,371 |  |  | 81 |  |  | 8,713 |  |  | 2,506 |  |  | 67 |  |  | 30,628 |
Charge-offs |  | — |  |  | (307) |  |  | — |  |  | — |  |  | (919) |  |  | — |  |  | (82) |  |  | (1,308) |
Recoveries |  | — |  |  | 4 |  |  | — |  |  | — |  |  | 377 |  |  | — |  |  | 5 |  |  | 386 |
Provision (reversal) for credit losses on loans |  | (3,575) |  |  | 683 |  |  | (1,089) |  |  | 42 |  |  | 7,186 |  |  | 365 |  |  | 63 |  |  | 3,675 |
Balance at December 31, 2025 |  | $ | 9,348 |  |  | $ | 4,347 |  |  | $ | 1,282 |  |  | $ | 123 |  |  | $ | 15,357 |  |  | $ | 2,871 |  |  | $ | 53 |  |  | $ | 33,381 |
The increase in overall ACL for the year ended December 31, 2025 was primarily due to increases in loans held-for-investment, quantitatively measured loss reserves and reserves on individually evaluated loans, partially offset by a decrease in overall reserve related to qualitative adjustment factors. Credit Quality Indicators The Company classifies loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans in regards to credit risk. This analysis typically includes non-homogeneous loans, such as commercial real estate and commercial and industrial loans, and is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass include non-homogeneous loans not meeting the risk ratings defined below and smaller, homogeneous loans not assessed on an individual basis. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following table summarizes the Company’s loans held-for-investment by loan segment, internal risk ratings and vintage year as of December 31, 2025 and gross write offs for the year ended December 31, 2025. The vintage year is the year of origination, renewal or major modification. Revolving loans that are converted to term loans presented in the table below are excluded from term loans by vintage year columns.
|  | Term Loans by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term |  |
($ in thousands) |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 312,704 |  |  | $ | 176,824 |  |  | $ | 138,914 |  |  | $ | 203,311 |  |  | $ | 118,797 |  |  | $ | 96,119 |  |  | $ | 14,306 |  |  | $ | 7,563 |  |  | $ | 1,068,538 |
Special mention |  | — |  |  | — |  |  | — |  |  | 923 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 923 |
Substandard |  | — |  |  | — |  |  | 116 |  |  | 357 |  |  | 229 |  |  | 1,233 |  |  | — |  |  | — |  |  | 1,935 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 312,704 |  |  | $ | 176,824 |  |  | $ | 139,030 |  |  | $ | 204,591 |  |  | $ | 119,026 |  |  | $ | 97,352 |  |  | $ | 14,306 |  |  | $ | 7,563 |  |  | $ | 1,071,396 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Business property |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 172,213 |  |  | $ | 89,840 |  |  | $ | 94,519 |  |  | $ | 77,382 |  |  | $ | 116,412 |  |  | $ | 71,607 |  |  | $ | 5,530 |  |  | $ | 3,640 |  |  | $ | 631,143 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,512 |  |  | — |  |  | — |  |  | — |  |  | 5,512 |
Substandard |  | — |  |  | — |  |  | — |  |  | 442 |  |  | 377 |  |  | 589 |  |  | — |  |  | — |  |  | 1,408 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 172,213 |  |  | $ | 89,840 |  |  | $ | 94,519 |  |  | $ | 77,824 |  |  | $ | 122,301 |  |  | $ | 72,196 |  |  | $ | 5,530 |  |  | $ | 3,640 |  |  | $ | 638,063 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 307 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 307 |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 38,551 |  |  | $ | 30,423 |  |  | $ | 13,793 |  |  | $ | 38,482 |  |  | $ | 37,071 |  |  | $ | 16,259 |  |  | $ | 1,000 |  |  | $ | — |  |  | $ | 175,579 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 38,551 |  |  | $ | 30,423 |  |  | $ | 13,793 |  |  | $ | 38,482 |  |  | $ | 37,071 |  |  | $ | 16,259 |  |  | $ | 1,000 |  |  | $ | — |  |  | $ | 175,579 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | 503 |  |  | $ | — |  |  | $ | 18,058 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18,561 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | — |  |  | $ | 503 |  |  | $ | — |  |  | $ | 18,058 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18,561 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Term Loans by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term |  |
($ in thousands) |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total
December 31, 2025 (Continued) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 30,047 |  |  | $ | 35,290 |  |  | $ | 28,031 |  |  | $ | 15,873 |  |  | $ | 4,753 |  |  | $ | 6,413 |  |  | $ | 336,748 |  |  | $ | 51,099 |  |  | $ | 508,254 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | 247 |  |  | — |  |  | 161 |  |  | — |  |  | — |  |  | 408 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 30,047 |  |  | $ | 35,290 |  |  | $ | 28,031 |  |  | $ | 16,120 |  |  | $ | 4,753 |  |  | $ | 6,574 |  |  | $ | 336,748 |  |  | $ | 51,099 |  |  | $ | 508,662 |
Year-to-date period gross write offs |  | $ | 247 |  |  | $ | 202 |  |  | $ | 125 |  |  | $ | — |  |  | $ | 149 |  |  | $ | 196 |  |  | $ | — |  |  | $ | — |  |  | $ | 919 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 62,595 |  |  | $ | 29,032 |  |  | $ | 52,641 |  |  | $ | 137,472 |  |  | $ | 67,078 |  |  | $ | 47,116 |  |  | $ | — |  |  | $ | — |  |  | $ | 395,934 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | 4,689 |  |  | — |  |  | — |  |  | 714 |  |  | — |  |  | — |  |  | 5,403 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 62,595 |  |  | $ | 29,032 |  |  | $ | 57,330 |  |  | $ | 137,472 |  |  | $ | 67,078 |  |  | $ | 47,830 |  |  | $ | — |  |  | $ | — |  |  | $ | 401,337 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 262 |  |  | $ | — |  |  | $ | 1,788 |  |  | $ | 1,932 |  |  | $ | 429 |  |  | $ | 39 |  |  | $ | 2,347 |  |  | $ | — |  |  | $ | 6,797 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 262 |  |  | $ | — |  |  | $ | 1,788 |  |  | $ | 1,937 |  |  | $ | 429 |  |  | $ | 39 |  |  | $ | 2,347 |  |  | $ | — |  |  | $ | 6,802 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | 77 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 82 |
Total loans held-for-investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 616,372 |  |  | $ | 361,912 |  |  | $ | 329,686 |  |  | $ | 492,510 |  |  | $ | 344,540 |  |  | $ | 237,553 |  |  | $ | 359,931 |  |  | $ | 62,302 |  |  | $ | 2,804,806 |
Special mention |  | — |  |  | — |  |  | — |  |  | 923 |  |  | 5,512 |  |  | — |  |  | — |  |  | — |  |  | 6,435 |
Substandard |  | — |  |  | — |  |  | 4,805 |  |  | 1,051 |  |  | 606 |  |  | 2,697 |  |  | — |  |  | — |  |  | 9,159 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 616,372 |  |  | $ | 361,912 |  |  | $ | 334,491 |  |  | $ | 494,484 |  |  | $ | 350,658 |  |  | $ | 240,250 |  |  | $ | 359,931 |  |  | $ | 62,302 |  |  | $ | 2,820,400 |
Year-to-date period gross write offs |  | $ | 247 |  |  | $ | 279 |  |  | $ | 126 |  |  | $ | 307 |  |  | $ | 153 |  |  | $ | 196 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,308 |
The following table summarizes the Company’s loans held-for-investment by loan segment, internal risk ratings and vintage year as of December 31, 2024. The vintage year is the year of origination, renewal or major modification. Revolving loans that are converted to term loans presented in the table below are excluded from term loans by vintage year columns.
|  | Term Loans by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term |  |
($ in thousands) |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 196,454 |  |  | $ | 142,455 |  |  | $ | 259,222 |  |  | $ | 138,837 |  |  | $ | 76,462 |  |  | $ | 102,666 |  |  | $ | 21,031 |  |  | $ | 385 |  |  | $ | 937,512 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | 131 |  |  | 399 |  |  | 258 |  |  | — |  |  | 2,631 |  |  | — |  |  | — |  |  | 3,419 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 196,454 |  |  | $ | 142,586 |  |  | $ | 259,621 |  |  | $ | 139,095 |  |  | $ | 76,462 |  |  | $ | 105,297 |  |  | $ | 21,031 |  |  | $ | 385 |  |  | $ | 940,931 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Business property |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 93,973 |  |  | $ | 100,337 |  |  | $ | 95,024 |  |  | $ | 148,382 |  |  | $ | 44,239 |  |  | $ | 95,372 |  |  | $ | 6,431 |  |  | $ | 3,750 |  |  | $ | 587,508 |
Special mention |  | — |  |  | — |  |  | 5,034 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,034 |
Substandard |  | — |  |  | — |  |  | 447 |  |  | 859 |  |  | — |  |  | 1,699 |  |  | — |  |  | — |  |  | 3,005 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 93,973 |  |  | $ | 100,337 |  |  | $ | 100,505 |  |  | $ | 149,241 |  |  | $ | 44,239 |  |  | $ | 97,071 |  |  | $ | 6,431 |  |  | $ | 3,750 |  |  | $ | 595,547 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | 77 |  |  | $ | — |  |  | $ | — |  |  | $ | 27 |  |  | $ | — |  |  | $ | — |  |  | $ | 104 |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 34,104 |  |  | $ | 53,020 |  |  | $ | 39,870 |  |  | $ | 38,104 |  |  | $ | 25,751 |  |  | $ | 2,370 |  |  | $ | 1,001 |  |  | $ | — |  |  | $ | 194,220 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 34,104 |  |  | $ | 53,020 |  |  | $ | 39,870 |  |  | $ | 38,104 |  |  | $ | 25,751 |  |  | $ | 2,370 |  |  | $ | 1,001 |  |  | $ | — |  |  | $ | 194,220 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 886 |  |  | $ | 7,589 |  |  | $ | 13,379 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 21,854 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 886 |  |  | $ | 7,589 |  |  | $ | 13,379 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 21,854 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Term Loans by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term |  |
($ in thousands) |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
December 31, 2024 (Continued) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 46,644 |  |  | $ | 34,737 |  |  | $ | 21,700 |  |  | $ | 7,312 |  |  | $ | 3,125 |  |  | $ | 8,044 |  |  | $ | 347,605 |  |  | $ | 3,517 |  |  | $ | 472,684 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 71 |  |  | — |  |  | — |  |  | 79 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 46,644 |  |  | $ | 34,737 |  |  | $ | 21,700 |  |  | $ | 7,320 |  |  | $ | 3,125 |  |  | $ | 8,115 |  |  | $ | 347,605 |  |  | $ | 3,517 |  |  | $ | 472,763 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 126 |  |  | $ | 248 |  |  | $ | 150 |  |  | $ | 524 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 37,548 |  |  | $ | 73,833 |  |  | $ | 151,922 |  |  | $ | 73,183 |  |  | $ | 10,840 |  |  | $ | 44,727 |  |  | $ | — |  |  | $ | — |  |  | $ | 392,053 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 403 |  |  | — |  |  | — |  |  | 403 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 37,548 |  |  | $ | 73,833 |  |  | $ | 151,922 |  |  | $ | 73,183 |  |  | $ | 10,840 |  |  | $ | 45,130 |  |  | $ | — |  |  | $ | — |  |  | $ | 392,456 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 346 |  |  | $ | 2,914 |  |  | $ | 4,243 |  |  | $ | 1,530 |  |  | $ | 394 |  |  | $ | 8 |  |  | $ | 2,157 |  |  | $ | — |  |  | $ | 11,592 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 24 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 346 |  |  | $ | 2,914 |  |  | $ | 4,266 |  |  | $ | 1,530 |  |  | $ | 395 |  |  | $ | 8 |  |  | $ | 2,157 |  |  | $ | — |  |  | $ | 11,616 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | 18 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 43 |
Total loans held-for-investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 409,955 |  |  | $ | 414,885 |  |  | $ | 585,360 |  |  | $ | 407,348 |  |  | $ | 160,811 |  |  | $ | 253,187 |  |  | $ | 378,225 |  |  | $ | 7,652 |  |  | $ | 2,617,423 |
Special mention |  | — |  |  | — |  |  | 5,034 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,034 |
Substandard |  | — |  |  | 131 |  |  | 869 |  |  | 1,125 |  |  | 1 |  |  | 4,804 |  |  | — |  |  | — |  |  | 6,930 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 409,955 |  |  | $ | 415,016 |  |  | $ | 591,263 |  |  | $ | 408,473 |  |  | $ | 160,812 |  |  | $ | 257,991 |  |  | $ | 378,225 |  |  | $ | 7,652 |  |  | $ | 2,629,387 |
Year-to-date period gross write offs |  | $ | — |  |  | $ | 18 |  |  | $ | 92 |  |  | $ | 20 |  |  | $ | 10 |  |  | $ | 153 |  |  | $ | 248 |  |  | $ | 150 |  |  | $ | 691 |
Nonaccrual Loans The following table presents loans on nonaccrual status by loan segments as of the date indicated:
($ in thousands) |  | Total Nonaccrual Loans |  | Nonaccrual Loans with ACL |  | ACL on Nonaccrual Loans |  | Collateral Dependent Nonaccrual Loans |  | ACL on Collateral Dependent Nonaccrual Loans
December 31, 2025 |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | 1,403 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,403 |  |  | $ | — |
Business property |  | 938 |  |  | 642 |  |  | 134 |  |  | 938 |  |  | 134 |
Total commercial real estate |  | 2,341 |  |  | 642 |  |  | 134 |  |  | 2,341 |  |  | 134 |
Commercial and industrial |  | 161 |  |  | 71 |  |  | 72 |  |  | 161 |  |  | 72 |
Consumer: |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | 5,403 |  |  | — |  |  | — |  |  | 5,403 |  |  | — |
Other consumer |  | 5 |  |  | 5 |  |  | — |  |  | — |  |  | — |
Total consumer |  | 5,408 |  |  | 5 |  |  | — |  |  | 5,403 |  |  | — |
Total |  | $ | 7,910 |  |  | $ | 718 |  |  | $ | 206 |  |  | $ | 7,905 |  |  | $ | 206 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | 1,851 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,851 |  |  | $ | — |
Business property |  | 2,336 |  |  | 1,032 |  |  | 38 |  |  | 2,336 |  |  | 38 |
Total commercial real estate |  | 4,187 |  |  | 1,032 |  |  | 38 |  |  | 4,187 |  |  | 38 |
Commercial and industrial |  | 79 |  |  | 8 |  |  | 8 |  |  | 79 |  |  | 8 |
Consumer: |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | 403 |  |  | — |  |  | — |  |  | 403 |  |  | — |
Other consumer |  | 24 |  |  | 24 |  |  | — |  |  | — |  |  | — |
Total consumer |  | 427 |  |  | 24 |  |  | — |  |  | 403 |  |  | — |
Total |  | $ | 4,693 |  |  | $ | 1,064 |  |  | $ | 46 |  |  | $ | 4,669 |  |  | $ | 46 |
There were no nonaccrual loans guaranteed by a U.S. government agency at December 31, 2025 and 2024. Collateral Dependent Loans Loans that have been classified as collateral dependent are loans where substantially all repayment of the loan is expected to come from the operation of or eventual liquidation of the collateral. Collateral dependent loans are evaluated individually for purposes of determining the ACL, which is determined based on the estimated fair value of the collateral. Estimates for costs to sell are included in the determination of the ACL when liquidation of the collateral is anticipated. In cases where the loan is well secured and the estimated value of the collateral exceeds the amortized cost of the loan, no ACL is recorded. The following table presents the collateral dependent loans by loan segments as of the date indicated:
($ in thousands) |  | Hotel / Motel |  | Restaurants |  | Car Wash |  | Retail |  |  |  | Single Family Residential |  | Other |  | Total
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | 1,403 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,403 |
Business property |  | — |  |  | 377 |  |  | — |  |  | 529 |  |  |  |  | — |  |  | 32 |  |  | 938 |
Total commercial real estate |  | 1,403 |  |  | 377 |  |  | — |  |  | 529 |  |  |  |  | — |  |  | 32 |  |  | 2,341 |
Commercial and industrial |  | 8 |  |  | — |  |  | — |  |  | — |  |  |  |  | 82 |  |  | 71 |  |  | 161 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 5,403 |  |  | — |  |  | 5,403 |
Total consumer |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 5,403 |  |  | — |  |  | 5,403 |
Total |  | $ | 1,411 |  |  | $ | 377 |  |  | $ | — |  |  | $ | 529 |  |  |  |  | $ | 5,485 |  |  | $ | 103 |  |  | $ | 7,905 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | 1,851 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,851 |
Business property |  | — |  |  | — |  |  | 1,695 |  |  | 606 |  |  |  |  | — |  |  | 35 |  |  | 2,336 |
Total commercial real estate |  | 1,851 |  |  | — |  |  | 1,695 |  |  | 606 |  |  |  |  | — |  |  | 35 |  |  | 4,187 |
Commercial and industrial |  | 11 |  |  | — |  |  | 8 |  |  | — |  |  |  |  | 60 |  |  | — |  |  | 79 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 403 |  |  | — |  |  | 403 |
Total consumer |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 403 |  |  | — |  |  | 403 |
Total |  | $ | 1,862 |  |  | $ | — |  |  | $ | 1,703 |  |  | $ | 606 |  |  |  |  | $ | 463 |  |  | $ | 35 |  |  | $ | 4,669 |
Past Due Loans The following table presents the aging of past due in accruing loans and nonaccrual loans by loan segments as of date indicated:
|  | Still Accruing |  | Nonaccrual |  |
($ in thousands) |  | 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 or More Days Past Due |  | Total |  | 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 or More Days Past Due |  | Total |  | Total Loans Past Due
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 524 |  |  | $ | 524 |  |  | $ | 524 |
Business property |  | 140 |  |  | — |  |  | — |  |  | 140 |  |  | 86 |  |  | 178 |  |  | 230 |  |  | 494 |  |  | 634 |
Total commercial real estate |  | 140 |  |  | — |  |  | — |  |  | 140 |  |  | 86 |  |  | 178 |  |  | 754 |  |  | 1,018 |  |  | 1,158 |
Commercial and industrial |  | 21 |  |  | 5 |  |  | — |  |  | 26 |  |  | — |  |  | — |  |  | 78 |  |  | 78 |  |  | 104 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | 674 |  |  | — |  |  | — |  |  | 674 |  |  | 2,269 |  |  | 273 |  |  | 2,862 |  |  | 5,404 |  |  | 6,078 |
Other consumer |  | 108 |  |  | 7 |  |  | — |  |  | 115 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 115 |
Total consumer |  | 782 |  |  | 7 |  |  | — |  |  | 789 |  |  | 2,269 |  |  | 273 |  |  | 2,862 |  |  | 5,404 |  |  | 6,193 |
Total |  | $ | 943 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 955 |  |  | $ | 2,355 |  |  | $ | 451 |  |  | $ | 3,694 |  |  | $ | 6,500 |  |  | $ | 7,455 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | 433 |  |  | $ | — |  |  | $ | — |  |  | $ | 433 |  |  | $ | — |  |  | $ | 984 |  |  | $ | 269 |  |  | $ | 1,253 |  |  | $ | 1,686 |
Business property |  | 333 |  |  | — |  |  | — |  |  | 333 |  |  | 508 |  |  | — |  |  | 698 |  |  | 1,206 |  |  | 1,539 |
Total commercial real estate |  | 766 |  |  | — |  |  | — |  |  | 766 |  |  | 508 |  |  | 984 |  |  | 967 |  |  | 2,459 |  |  | 3,225 |
Commercial and industrial |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 71 |  |  | — |  |  | 71 |  |  | 71 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | 3,679 |  |  | 303 |  |  | — |  |  | 3,982 |  |  | — |  |  | 403 |  |  | — |  |  | 403 |  |  | 4,385 |
Other consumer |  | 154 |  |  | — |  |  | — |  |  | 154 |  |  | — |  |  | — |  |  | 24 |  |  | 24 |  |  | 178 |
Total consumer |  | 3,833 |  |  | 303 |  |  | — |  |  | 4,136 |  |  | — |  |  | 403 |  |  | 24 |  |  | 427 |  |  | 4,563 |
Total |  | $ | 4,599 |  |  | $ | 303 |  |  | $ | — |  |  | $ | 4,902 |  |  | $ | 508 |  |  | $ | 1,458 |  |  | $ | 991 |  |  | $ | 2,957 |  |  | $ | 7,859 |
Loan Modifications Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay, interest rate reduction or combination of the above mentioned modifications. When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL. When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL. These loans are placed on nonaccrual status at the time of such modification. The following tables present loans that the borrowers were both experiencing financial difficulty and modified during the periods indicated by loan segments and modification type:
|  | Year Ended
($ in thousands) |  | Combination of Other-Than-Insignificant Payment Delay and Term Extension |  |  |  |  |  |  |  | Total |  | Percentage to Each Loan Segment
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 49 |  |  |  |  |  |  |  |  | $ | 49 |  |  | 0.1 | %
Total |  | $ | 49 |  |  |  |  |  |  |  |  | $ | 49 |  |  | 0.1 | %
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Commercial property |  | $ | 399 |  |  |  |  |  |  |  |  | $ | 399 |  |  | 0.1 | %
Business property |  | 2,204 |  |  |  |  |  |  |  |  | 2,204 |  |  | 0.2 | %
Total commercial real estate |  | 2,603 |  |  |  |  |  |  |  |  | 2,603 |  |  | 0.1 | %
Total |  | $ | 2,603 |  |  |  |  |  |  |  |  | $ | 2,603 |  |  | 0.1 | %
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | — |  |  |  |  |  |  |  |  | $ | — |  |  | — | %
The Company had no commitments to lend to the borrowers included in the above table. There were no loans that had a payment default during the years ended December 31, 2025 and 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the period indicates:
|  |  |  | Year Ended
|  |  |  | Combination of Other-Than-Insignificant Payment Delay and Term Extension
December 31, 2025 |  |  |  |
Commercial and industrial |  |  |  | 6-month interest-only payment and 6-month term extension
December 31, 2024 |  |  |  |
Commercial property |  |  |  | 6-month fixed payment and 6-month term extension
Business property |  |  |  | 6-month fixed payment and 6-month term extension
The following table presents the performance of such loans that have been modified in the last 12 months:
($ in thousands) |  | 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 or More Days Past Due |  | Total Past Due
December 31, 2025 |  |  |  |  |  |  |  |
Total |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
December 31, 2024 |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |
Business property |  | $ | 508 |  |  | $ | — |  |  | $ | 664 |  |  | $ | 1,172 |
Total commercial real estate |  | 508 |  |  | — |  |  | 664 |  |  | 1,172 |
Total |  | $ | 508 |  |  | $ | — |  |  | $ | 664 |  |  | $ | 1,172 |
Purchases, Sales, and Transfers The following table presents a summary of loans that were transferred from loans held-for-investment to loans held-for-sale for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2025 |  | 2024 |  | 2023
Consumer: |  |  |  |  |  |
Residential mortgage |  | $ | — |  |  | $ | 676 |  |  | $ | — |
Total consumer |  | — |  |  | 676 |  |  | — |
Total |  | $ | — |  |  | $ | 676 |  |  | $ | — |
The Company had no loans that were transferred from loans held-for-sale to loans held-for investment during the years ended December 31, 2025 and 2024. The following table presents a summary of purchases of loans held-for-investment for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2025 |  | 2024 |  | 2023
Consumer: |  |  |  |  |  |
Residential mortgage |  | $ | — |  |  | $ | — |  |  | $ | 15,741 |
Total consumer |  | — |  |  | — |  |  | 15,741 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 15,741 |
The Company had no sales of loans held-for-investment during the year ended December 31, 2025, 2024 and 2023. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated:
|  | December 31,
($ in thousands) |  | 2025 |  | 2024
Commercial real estate: |  |  |  |
Commercial property |  | $ | 3,750 |  |  | $ | 3,307 |
Business property |  | 2,734 |  |  | 713 |
Total commercial real estate |  | 6,484 |  |  | 4,020 |
Commercial and industrial |  | 5,593 |  |  | 2,272 |
Total |  | $ | 12,077 |  |  | $ | 6,292 |
Loans held-for-sale are carried at the lower of cost or fair value. When a determination is made at the time of commitment to originate as held-for-investment, it is the Company’s intent to hold these loans to maturity or for the “foreseeable future,” subject to periodic reviews under the Company’s management evaluation processes, including asset/liability management and credit risk management. When the Company subsequently changes its intent to hold certain loans, the loans are transferred to held-for-sale at the lower of cost or fair value. Certain loans are transferred to held-for-sale with write-downs to ACL on loans.

X
- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-44 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-20/tableOfContent + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration