Allowance for Loan Credit Losses

Schedule of past due and non-accrual loans


	March 31, 2025
	30-59 Days		60-89 Days		90 Days or								90 Days or More
	Past		Past		More		Total Past				Total		Past Due and		Nonaccrual
(Dollars in thousands)	Due		Due		Past Due		Due		Current		Loans		Still Accruing		Loans
Real Estate Loans
Commercial	$	—	$	—	$	—	$	—	$	1,172,645	$	1,172,645	$	—	$	—
Construction and land development		—		—		—		—		173,270		173,270		—		—
Residential		—		—		—		—		472,747		472,747		—		—
Commercial		—		—		—		—		46,603		46,603		—		—
Consumer		—		—		—		—		809		809		—		—
Total Loans	$	—	$	—	$	—	$	—	$	1,866,074	$	1,866,074	$	—	$	—


	December 31, 2024
	30-59 Days		60-89 Days		90 Days or								90 Days or More
	Past		Past		More		Total Past				Total		Past Due and		Nonaccrual
(Dollars in thousands)	Due		Due		Past Due		Due		Current		Loans		Still Accruing		Loans
Real Estate Loans
Commercial	$	—	$	—	$	9,978	$	9,978	$	1,171,112	$	1,181,090	$	9,978	$	—
Construction and land development		—		—		—		—		164,988		164,988		—		—
Residential		—		—		—		—		472,932		472,932		—		—
Commercial		—		—		—		—		47,736		47,736		—		—
Consumer		—		—		—		—		906		906		—		—
Total Loans	$	—	$	—	$	9,978	$	9,978	$	1,857,674	$	1,867,652	$	9,978	$	—

Schedule of credit quality indicators

The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of March 31, 2025.


	Term Loans by Year of Origination
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving		Total
Real Estate Loans - Commercial
Pass	$	22,164	$	140,029	$	66,570	$	265,553	$	173,657	$	465,143	$	3,086	$	1,136,202
Special mention		—		—		—		21,655		—		14,788		—		36,443
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Commercial	$	22,164	$	140,029	$	66,570	$	287,208	$	173,657	$	479,931	$	3,086	$	1,172,645

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Construction and land development
Pass	$	11,155	$	68,175	$	33,512	$	17,489	$	4,589	$	14,854	$	22,400	$	172,174
Special mention		—		—		—		—		—		1,096		—		1,096
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Construction and land development	$	11,155	$	68,175	$	33,512	$	17,489	$	4,589	$	15,950	$	22,400	$	173,270

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Residential
Pass	$	8,909	$	31,291	$	68,063	$	108,629	$	113,740	$	120,194	$	21,921	$	472,747
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Residential	$	8,909	$	31,291	$	68,063	$	108,629	$	113,740	$	120,194	$	21,921	$	472,747

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Loans
Pass	$	2,188	$	5,920	$	4,366	$	5,500	$	1,184	$	7,712	$	19,733	$	46,603
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Commercial Loans	$	2,188	$	5,920	$	4,366	$	5,500	$	1,184	$	7,712	$	19,733	$	46,603

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer Loans
Pass	$	137	$	604	$	49	$	—	$	—	$	1	$	18	$	809
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Consumer Loans	$	137	$	604	$	49	$	—	$	—	$	1	$	18	$	809

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of December 31, 2024.


	Term Loans by Year of Origination
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving		Total
Real Estate Loans - Commercial
Pass	$	133,591	$	66,453	$	287,181	$	176,424	$	116,364	$	362,135	$	1,474	$	1,143,622
Special mention		—		—		12,702		—		—		14,788		—		27,490
Substandard		—		—		—		9,978		—		—		—		9,978
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Commercial	$	133,591	$	66,453	$	299,883	$	186,402	$	116,364	$	376,923	$	1,474	$	1,181,090

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Construction and land development
Pass	$	64,826	$	40,190	$	17,635	$	4,395	$	2,254	$	11,974	$	22,613	$	163,887
Special mention		—		—		—		—		—		1,101		—		1,101
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Construction and land development	$	64,826	$	40,190	$	17,635	$	4,395	$	2,254	$	13,075	$	22,613	$	164,988

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Residential
Pass	$	31,815	$	71,489	$	110,724	$	114,991	$	81,482	$	39,868	$	22,563	$	472,932
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Residential	$	31,815	$	71,489	$	110,724	$	114,991	$	81,482	$	39,868	$	22,563	$	472,932

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Loans
Pass	$	13,622	$	4,628	$	5,770	$	1,351	$	1,323	$	7,032	$	14,010	$	47,736
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Commercial Loans	$	13,622	$	4,628	$	5,770	$	1,351	$	1,323	$	7,032	$	14,010	$	47,736

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer Loans
Pass	$	812	$	72	$	—	$	—	$	—	$	3	$	19	$	906
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Consumer Loans	$	812	$	72	$	—	$	—	$	—	$	3	$	19	$	906

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—