XML 37 R27.htm IDEA: XBRL DOCUMENT v3.25.3
Loans and Related Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2025
Loans and Related Allowance for Credit Losses  
Loan Portfolio Segments

(in thousands)

    

Commercial
Real Estate

    

Acquisition
and
Development

    

Commercial
and
Industrial

    

Residential
Mortgage

    

Consumer

    

Total

September 30, 2025

Individually evaluated for impairment

$

516

$

$

1,131

$

1,686

$

$

3,333

Collectively evaluated for impairment

553,902

93,968

277,948

519,631

47,980

1,493,429

Total loans

$

554,418

$

93,968

$

279,079

$

521,317

$

47,980

$

1,496,762

December 31, 2024

Individually evaluated for impairment

$

574

$

$

2,048

$

1,810

$

$

4,432

Collectively evaluated for impairment

525,790

95,314

285,486

517,005

52,766

1,476,361

Total loans

$

526,364

$

95,314

$

287,534

$

518,815

$

52,766

$

1,480,793

Loan Portfolio Summarized by the Past Due Status

(in thousands)

    

Current

    

30-59 Days
Past Due

    

60-89 Days
Past Due

    

90 Days+
Past Due

    

Total Past
Due and
Accruing

    

Non-
Accrual

    

Total Loans

September 30, 2025

Commercial real estate:

Non-owner-occupied

$

315,894

$

$

103

$

$

103

$

$

315,997

All other CRE

237,521

307

307

593

238,421

Acquisition and development:

1-4 family residential construction

21,444

21,444

All other A&D

72,502

22

72,524

Commercial and industrial

277,479

75

388

6

469

1,131

279,079

Residential mortgage:

Residential mortgage - term

450,611

65

768

469

1,302

1,929

453,842

Residential mortgage - home equity

66,148

754

126

308

1,188

139

67,475

Consumer

47,453

433

65

18

516

11

47,980

Total

$

1,489,052

$

1,327

$

1,757

$

801

$

3,885

$

3,825

$

1,496,762

December 31, 2024

Commercial real estate:

Non-owner-occupied

$

296,259

$

$

$

$

$

$

296,259

All other CRE

228,875

257

317

574

656

230,105

Acquisition and development:

1-4 family residential construction

16,630

16,630

All other A&D

78,588

14

14

82

78,684

Commercial and industrial

285,675

21

21

1,838

287,534

Residential mortgage:

Residential mortgage - term

447,161

66

2,411

504

2,981

2,100

452,242

Residential mortgage - home equity

65,824

371

228

69

668

81

66,573

Consumer

52,117

364

83

28

475

174

52,766

Total

$

1,471,129

$

1,058

$

2,757

$

918

$

4,733

$

4,931

$

1,480,793

Primary Segments of the Allowance for Loan Loss

(in thousands)

    

Commercial
Real Estate

    

Acquisition
and
Development

    

Commercial
and
Industrial

    

Residential
Mortgage

    

Consumer

    

Total

September 30, 2025

Individually evaluated
for impairment

$

$

$

$

$

$

Collectively evaluated
for impairment

5,811

1,003

4,478

7,101

696

19,089

Total ACL

$

5,811

$

1,003

$

4,478

$

7,101

$

696

$

19,089

December 31, 2024

Individually evaluated
for impairment

$

$

$

$

$

$

Collectively evaluated
for impairment

5,272

909

4,205

7,010

774

18,170

Total ACL

$

5,272

$

909

$

4,205

$

7,010

$

774

$

18,170

Schedule of amortized cost basis of collateral-dependent individually evaluated loans

September 30, 2025

(in thousands)

    

Real Estate

Other Collateral

Non-Accrual Loans with No Allowance

Commercial real estate

$

516

$

$

516

Commercial and industrial

1,131

1,131

Residential mortgage

1,686

1,686

Total Loans

$

2,202

$

1,131

$

3,333

December 31, 2024

(in thousands)

    

Real Estate

Other Collateral

Non-Accrual Loans with No Allowance

Commercial real estate

$

574

$

$

574

Commercial and industrial

2,048

2,048

Residential mortgage

1,810

1,810

Total Loans

$

2,384

$

2,048

$

4,432

Allowance for Loan Losses Summarized by Loan Portfolio Segments

Nine months ended (in thousands)

    

Commercial
Real Estate

    

Acquisition
and
Development

    

Commercial
and
Industrial

    

Residential
Mortgage

    

Consumer

    

Total

Beginning balance at January 1, 2025

$

5,272

$

909

$

4,205

$

7,010

$

774

$

18,170

Loan charge-offs

(9)

(897)

(15)

(612)

(1,533)

Recoveries collected

304

35

36

212

587

Credit loss expense/(credit)

539

(201)

1,135

70

322

1,865

ACL balance at September 30, 2025

$

5,811

$

1,003

$

4,478

$

7,101

$

696

$

19,089

Beginning balance at January 1, 2024

$

5,120

$

940

$

3,717

$

6,774

$

929

$

17,480

Loan charge-offs

(1,297)

(45)

(1,193)

(2,535)

Recoveries collected

37

48

203

68

302

658

Credit loss (credit)/expense

(250)

(44)

1,848

44

809

2,407

ACL balance at September 30, 2024

$

4,907

$

944

$

4,471

$

6,841

$

847

$

18,010

Three months ended (in thousands)

Commercial
Real Estate

Acquisition
and
Development

Commercial
and
Industrial

Residential
Mortgage

Consumer

Total

ACL balance at July 1, 2025

$

6,166

$

1,043

$

4,226

$

6,902

$

707

$

19,044

Loan charge-offs

(527)

(15)

(213)

(755)

Recoveries collected

233

22

7

58

320

Credit loss (credit)/expense

(355)

(273)

757

207

144

480

ACL balance at September 30, 2025

$

5,811

$

1,003

$

4,478

$

7,101

$

696

$

19,089

ACL balance at July 1, 2024

$

4,852

$

992

$

3,964

$

7,162

$

953

$

17,923

Loan charge-offs

(67)

(369)

(436)

Recoveries collected

42

170

41

75

328

Credit loss expense/(credit)

55

(90)

404

(362)

188

195

ACL balance at September 30, 2024

$

4,907

$

944

$

4,471

$

6,841

$

847

$

18,010

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

(in thousands)

    

2025

    

2024

    

2023

    

2022

    

2021

    

2020 and Prior

    

Revolving

    

Total Portfolio Loans

September 30, 2025

Commercial real estate:

Non-owner-occupied

Pass

$

22,454

$

22,556

$

35,640

$

70,490

$

28,017

$

125,502

$

9,341

$

314,000

Special Mention

103

103

Substandard

1,894

1,894

Total non-owner occupied

22,454

22,556

35,743

70,490

28,017

127,396

9,341

315,997

Current period gross charge-offs

All other CRE

Pass

14,806

52,970

31,877

27,309

21,233

77,826

4,392

230,413

Special Mention

870

712

1,582

Substandard

920

1,719

3,239

548

6,426

Total all other CRE

14,806

53,890

31,877

27,309

23,822

81,777

4,940

238,421

Current period gross charge-offs

Acquisition and development:

1-4 family residential construction

Pass

7,775

9,205

529

3,935

21,444

Special Mention

Substandard

Total acquisition and development

7,775

9,205

529

3,935

21,444

Current period gross charge-offs

All other A&D

Pass

11,559

19,269

12,284

2,592

1,643

9,351

15,505

72,203

Special Mention

Substandard

299

22

321

Total all other A&D

11,858

19,269

12,284

2,592

1,643

9,373

15,505

72,524

Current period gross charge-offs

9

9

Commercial and industrial:

Pass

13,701

19,970

19,416

56,818

12,420

15,652

92,826

230,803

Special Mention

4,250

19,277

3,660

38

6,051

33,276

Substandard

24

106

18

951

202

8,122

5,577

15,000

Total commercial and industrial

13,725

24,326

38,711

61,429

12,660

23,774

104,454

279,079

Current period gross charge-offs

480

417

897

Residential mortgage:

Residential mortgage - term

Pass

20,285

39,943

68,576

88,842

71,810

154,741

1,087

445,284

Special Mention

490

490

Substandard

133

867

2,098

4,947

23

8,068

Total residential mortgage - term

20,285

39,943

68,709

89,709

73,908

160,178

1,110

453,842

Current period gross charge-offs

Residential mortgage - home equity

Pass

367

73

681

3,332

573

904

60,382

66,312

Special Mention

50

50

Substandard

10

1,103

1,113

Total residential mortgage - home equity

367

73

681

3,332

573

914

61,535

67,475

Current period gross charge-offs

15

15

Consumer:

Pass

8,130

7,787

7,375

3,962

1,966

15,794

2,740

47,754

Special Mention

Substandard

24

87

55

15

17

28

226

Total consumer

8,130

7,811

7,462

4,017

1,981

15,811

2,768

47,980

Current period gross charge-offs

225

85

152

18

99

33

612

Total Portfolio Loans

Pass

99,077

171,773

176,378

253,345

137,662

399,770

190,208

1,428,213

Special Mention

4,250

19,380

3,660

908

1,202

6,101

35,501

Substandard

323

1,050

238

1,873

4,034

18,251

7,279

33,048

Total Portfolio Loans

$

99,400

$

177,073

$

195,996

$

258,878

$

142,604

$

419,223

$

203,588

$

1,496,762

Current YTD Period:

Current period gross charge-offs

$

225

$

85

$

152

$

18

$

579

$

474

$

$

1,533

(in thousands)

    

2024

    

2023

    

2022

    

2021

    

2020

    

2019 and Prior

    

Revolving

    

Total Portfolio Loans

December 31, 2024

Commercial real estate:

Non-owner-occupied

Pass

$

22,807

$

23,454

$

73,649

$

28,941

$

52,080

$

89,977

$

1,960

$

292,868

Special Mention

706

706

Substandard

2,685

2,685

Total non-owner occupied

22,807

23,454

73,649

28,941

52,786

92,662

1,960

296,259

Current period gross charge-offs

All other CRE

Pass

42,855

32,599

29,951

24,073

16,842

72,630

4,535

223,485

Special Mention

199

199

Substandard

994

1,744

3,453

230

6,421

Total all other CRE

43,849

32,599

29,951

25,817

17,041

76,083

4,765

230,105

Current period gross charge-offs

Acquisition and development:

1-4 family residential construction

Pass

11,686

3,317

1,627

16,630

Special Mention

Substandard

Total acquisition and development

11,686

3,317

1,627

16,630

Current period gross charge-offs

All other A&D

Pass

23,304

24,114

10,672

1,848

1,773

9,230

7,661

78,602

Special Mention

Substandard

82

82

Total all other A&D

23,304

24,114

10,672

1,848

1,773

9,312

7,661

78,684

Current period gross charge-offs

Commercial and industrial:

Pass

35,898

29,786

65,663

17,558

6,777

13,758

75,440

244,880

Special Mention

4,250

13,000

3,500

1,842

9,084

31,676

Substandard

122

1,209

680

6,562

692

1,713

10,978

Total commercial and industrial

40,270

42,786

70,372

18,238

15,181

14,450

86,237

287,534

Current period gross charge-offs

465

125

892

41

87

1,610

Residential mortgage:

Residential mortgage - term

Pass

32,582

70,643

91,775

78,892

35,790

133,725

1,235

444,642

Special Mention

684

840

1,524

Substandard

60

1,054

4,923

39

6,076

Total residential mortgage - term

32,582

70,643

92,519

80,786

35,790

138,648

1,274

452,242

Current period gross charge-offs

30

30

Residential mortgage - home equity

Pass

171

803

3,948

696

361

622

59,307

65,908

Special Mention

Substandard

33

12

620

665

Total residential mortgage - home equity

171

803

3,948

696

394

634

59,927

66,573

Current period gross charge-offs

15

15

Consumer:

Pass

11,132

10,945

6,312

3,525

1,091

16,593

2,833

52,431

Special Mention

Substandard

3

177

100

24

25

4

2

335

Total consumer

11,135

11,122

6,412

3,549

1,116

16,597

2,835

52,766

Current period gross charge-offs

204

314

109

64

23

655

1,369

Total Portfolio Loans

Pass

180,435

195,661

281,970

155,533

114,714

336,535

154,598

1,419,446

Special Mention

4,250

13,000

4,184

840

2,747

9,084

34,105

Substandard

1,119

177

1,369

3,502

6,620

11,851

2,604

27,242

Total Portfolio Loans

$

185,804

$

208,838

$

287,523

$

159,875

$

124,081

$

348,386

$

166,286

$

1,480,793

Current YTD Period:

Current period gross charge-offs

$

669

$

314

$

249

$

956

$

64

$

772

$

$

3,024

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past.

The following tables present loan balances by year of origination segregated by performing and non-performing loans for the periods presented:

(in thousands)

    

2025

    

2024

    

2023

    

2022

    

2021

    

2020 and Prior

    

Revolving

    

Total Portfolio Loans

September 30, 2025

Commercial real estate:

Non-owner-occupied

Performing

$

22,454

$

22,556

$

35,743

$

70,490

$

28,017

$

127,396

$

9,341

$

315,997

Nonperforming

Total non-owner occupied

22,454

22,556

35,743

70,490

28,017

127,396

9,341

315,997

All other CRE

Performing

14,806

53,890

31,877

27,309

23,822

81,184

4,940

237,828

Nonperforming

593

593

Total all other CRE

14,806

53,890

31,877

27,309

23,822

81,777

4,940

238,421

Acquisition and development:

1-4 family residential construction

Performing

7,775

9,205

529

3,935

21,444

Nonperforming

Total acquisition and development

7,775

9,205

529

3,935

21,444

All other A&D

Performing

11,858

19,269

12,284

2,592

1,643

9,351

15,505

72,502

Nonperforming

22

22

Total all other A&D

11,858

19,269

12,284

2,592

1,643

9,373

15,505

72,524

Commercial and industrial:

Performing

13,725

24,326

38,705

60,478

12,480

23,774

104,454

277,942

Nonperforming

6

951

180

1,137

Total commercial and industrial

13,725

24,326

38,711

61,429

12,660

23,774

104,454

279,079

Residential mortgage:

Residential mortgage - term

Performing

20,285

39,943

68,576

89,709

73,527

158,294

1,110

451,444

Nonperforming

133

381

1,884

2,398

Total residential mortgage - term

20,285

39,943

68,709

89,709

73,908

160,178

1,110

453,842

Residential mortgage - home equity

Performing

367

73

681

3,332

573

914

61,088

67,028

Nonperforming

447

447

Total residential mortgage - home equity

367

73

681

3,332

573

914

61,535

67,475

Consumer:

Performing

8,130

7,806

7,451

4,004

1,981

15,811

2,768

47,951

Nonperforming

5

11

13

29

Total consumer

8,130

7,811

7,462

4,017

1,981

15,811

2,768

47,980

Total Portfolio Loans

Performing

99,400

177,068

195,846

257,914

142,043

416,724

203,141

1,492,136

Nonperforming

5

150

964

561

2,499

447

4,626

Total Portfolio Loans

$

99,400

$

177,073

$

195,996

$

258,878

$

142,604

$

419,223

$

203,588

$

1,496,762

(in thousands)

    

2024

    

2023

    

2022

    

2021

    

2020

    

2019 and Prior

    

Revolving

    

Total Portfolio Loans

December 31, 2024

Commercial real estate:

Non-owner-occupied

Performing

$

22,807

$

23,454

$

73,649

$

28,941

$

52,786

$

92,662

$

1,960

$

296,259

Nonperforming

Total non-owner occupied

22,807

23,454

73,649

28,941

52,786

92,662

1,960

296,259

All other CRE

Performing

43,849

32,599

29,951

25,500

17,041

75,427

4,765

229,132

Nonperforming

317

656

973

Total all other CRE

43,849

32,599

29,951

25,817

17,041

76,083

4,765

230,105

Acquisition and development:

1-4 family residential construction

Performing

11,686

3,317

1,627

16,630

Nonperforming

Total acquisition and development

11,686

3,317

1,627

16,630

All other A&D

Performing

23,304

24,114

10,672

1,848

1,773

9,230

7,661

78,602

Nonperforming

82

82

Total all other A&D

23,304

24,114

10,672

1,848

1,773

9,312

7,661

78,684

Commercial and industrial:

Performing

40,270

42,786

69,180

17,592

15,181

14,450

86,237

285,696

Nonperforming

1,192

646

1,838

Total commercial and industrial

40,270

42,786

70,372

18,238

15,181

14,450

86,237

287,534

Residential mortgage:

Residential mortgage - term

Performing

32,582

70,643

92,519

80,661

35,790

136,184

1,259

449,638

Nonperforming

125

2,464

15

2,604

Total residential mortgage - term

32,582

70,643

92,519

80,786

35,790

138,648

1,274

452,242

Residential mortgage - home equity

Performing

171

803

3,948

696

361

634

59,810

66,423

Nonperforming

33

117

150

Total residential mortgage - home equity

171

803

3,948

696

394

634

59,927

66,573

Consumer:

Performing

11,135

11,008

6,378

3,549

1,116

16,543

2,835

52,564

Nonperforming

114

34

54

202

Total consumer

11,135

11,122

6,412

3,549

1,116

16,597

2,835

52,766

Total Portfolio Loans

Performing

185,804

208,724

286,297

158,787

124,048

345,130

166,154

1,474,944

Nonperforming

114

1,226

1,088

33

3,256

132

5,849

Total Portfolio Loans

$

185,804

$

208,838

$

287,523

$

159,875

$

124,081

$

348,386

$

166,286

$

1,480,793

Troubled Debt Restructuring

(in thousands)

Term Extension

Percentage of Total Loan Type

Weighted Average Term and Principal Payment Extension

Nine months ended September 30, 2025

Owner-occupied commercial real estate

$

868

0.36%

12 months

Commercial and industrial

23

0.01%

60 months

Total

$

891

Nine months ended September 30, 2024

Owner-occupied commercial real estate

$

888

0.43%

12 months

Commercial and industrial

127

0.05%

60 months

Total

$

1,015

(in thousands)

Term Extension

Percentage of Total Loan Type

Weighted Average Term and Principal Payment Extension

Three months ended September 30, 2024

Commercial and industrial

$

127

0.05%

60 months

Total

$

127