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Loans | 9 Months Ended
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Sep. 30, 2025
Loans [Abstract] |
Loans | NOTE 3 – LO ANS Outstanding loans are summarized below:
(In thousands) |  | September 30, 2025 |  | December 31, 2024
Commercial and industrial |  | $ | 871,873 |  | $ | 817,422
Construction |  |  | 210,207 |  |  | 247,055
Residential real estate |  |  | 36,286 |  |  | 27,422
Commercial real estate |  |  | 838,759 |  |  | 773,259
Consumer |  |  | 2,314 |  |  | 957
Total outstanding loans |  |  | 1,959,439 |  |  | 1,866,115
Deferred loan origination fees, net |  |  | (854) |  |  | (1,173)
Allowance for credit losses on loans |  |  | (21,025) |  |  | (18,679)
Total loans, net of allowance for credit losses on loans |  | $ | 1,937,560 |  | $ | 1,846,263
From time to time, the Bank pledges loans as collateral under a short-term borrowing arrangement through the Discount Window of the Federal Reserve Bank. The Bank has pledged a total of $949.2 million and $897.5 million of loans for borrowing capacity of $839.4 million and $786.5 million at September 30, 2025 and December 31, 2024, respectively. The Bank had no Federal Reserve Bank borrowings outstanding that were secured by loans as of September 30, 2025 and December 31, 2024. The Bank has entered into an agreement providing for the pledging of loans for borrowing capacity with the Federal Home Loan Bank. The Bank pledged a total of $764.5 million of loans for remaining borrowing capacity of $500.2 million at September 30, 2025. In comparison, the Bank pledged a total of $654.8 million of loans for remaining borrowing capacity of $391.2 million at December 31, 2024. There were no FHLB borrowings outstanding at September 30 2025. Comparatively, the Bank had $70.0 million in FHLB borrowings outstanding at December 31, 2024. See Note 7 – Subordinated Debt and Other Borrowing Arrangements.

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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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