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Loans Receivable and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2025

Loans Receivable and Allowance for Credit Losses [Abstract]



	September 30, 2025				December 31, 2024
Real Estate Loans:
Residential	$	339,997	18.7	%	$	330,856	19.3	%
Commercial		737,533	40.6			716,875	41.8
Agricultural		60,680	3.3			63,488	3.7
Construction		80,311	4.5			53,020	3.1
Commercial loans		223,460	12.3			211,991	12.4
Other agricultural loans		26,260	1.5			30,077	1.7
Consumer loans to individuals		346,897	19.1			307,775	18.0
Total loans		1,815,138	100.0	%		1,714,082	100.0	%
Deferred fees, net		(456)				(444)
Total loans receivable		1,814,682				1,713,638
Allowance for credit losses		(19,911)				(19,843)
Net loans receivable	$	1,794,771			$	1,693,795

Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment



	Real Estate Loans
									Commercial			Other	Consumer
	Residential		Commercial			Agricultural	Construction		Loans			Agricultural	Loans		Total
September 30, 2025	(In thousands)
Individually evaluated	$	1,077	$	5,472	$	—	$	50	$	743	$	25	$	1,351	$	8,718
Collectively evaluated		338,920		732,061		60,680		80,261		222,717		26,235		345,546		1,806,420
Total Loans	$	339,997	$	737,533	$	60,680	$	80,311	$	223,460	$	26,260	$	346,897	$	1,815,138



	Real Estate Loans
									Commercial			Other	Consumer
	Residential		Commercial			Agricultural	Construction		Loans			Agricultural	Loans		Total
	(In thousands)
December 31, 2024
Individually evaluated	$	940	$	7,197	$	—	$	—	$	854	$	—	$	1,031	$	10,022
Collectively evaluated		329,916		709,678		63,488		53,020		211,137		30,077		306,744		1,704,060
Total Loans	$	330,856	$	716,875	$	63,488	$	53,020	$	211,991	$	30,077	$	307,775	$	1,714,082

Loan Portfolio Summarized by the Past Due Status



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing			Non-accrual	Total Past Due and Non-Accrual		Total Loans
September 30, 2025
Real Estate loans
Residential	$	338,303	$	368	$	249	$	-	$	1,077	$	1,694	$	339,997
Commercial		733,032		483		-		-		4,018		4,501		737,533
Agricultural		60,041		592		47		-		-		639		60,680
Construction		80,261		-		-		-		50		50		80,311
Commercial loans		223,034		333		24		-		69		426		223,460
Other agricultural loans		26,027		208		-		25		-		233		26,260
Consumer loans		344,738		505		303		-		1,351		2,159		346,897
Total	$	1,805,436	$	2,489	$	623	$	25	$	6,565	$	9,702	$	1,815,138



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing			Non-accrual	Total Past Due and Non-Accrual			Total Loans
December 31, 2024
Real Estate loans
Residential	$	329,578	$	70	$	268	$	-	$	940	$	1,278	$	330,856
Commercial		709,821		1,182		129		-		5,743		7,054		716,875
Agricultural		63,488		-		-				-		-		63,488
Construction		53,009		11		-		-		-		11		53,020
Commercial loans		211,520		194		117		33		127		471		211,991
Other agricultural loans		30,028		49		-		-		-		49		30,077
Consumer loans		305,676		805		263		121		910		2,099		307,775
Total	$	1,703,120	$	2,311	$	777	$	154	$	7,720	$	10,962	$	1,714,082

Allowance for Credit Losses and Recorded Investment in Financing Receivables


(In thousands)	Residential Real Estate		Commercial Real Estate			Agricultural Real Estate		Construction	Commercial			Other Agricultural	Consumer		Total
Beginning balance, December 31, 2024	$	1,146	$	11,406	$	48	$	884	$	1,732	$	162	$	4,465	$	19,843
Charge Offs		(63)		(62)		-		-		(83)		(48)		(1,273)		(1,529)
Recoveries		3		8		-		-		99		-		115		225
(Release of) Provision for credit losses		31		(1,952)		(25)		432		339		64		2,483		1,372
Ending balance, September 30, 2025	$	1,117	$	9,400	$	23	$	1,316	$	2,087	$	178	$	5,790	$	19,911
Ending balance individually evaluated	$	-	$	294	$	-	$	-	$	-	$	-	$	395	$	689
Ending balance collectively evaluated	$	1,117	$	9,106	$	23	$	1,316	$	2,087	$	178	$	5,395	$	19,222


(In thousands)	Residential Real Estate		Commercial Real Estate			Agricultural Real Estate		Construction	Commercial			Other Agricultural	Consumer		Total
Beginning balance, June 30, 2025	$	1,011	$	11,039	$	39	$	1,163	$	1,933	$	164	$	5,559	$	20,908
Charge Offs		(63)		(13)		-		-		(83)		-		(490)		(649)
Recoveries		3		8		-		-		3		-		30		44
(Release of) Provision for credit losses		166		(1,634)		(16)		153		234		14		691		(392)
Ending balance, September 30, 2025	$	1,117	$	9,400	$	23	$	1,316	$	2,087	$	178	$	5,790	$	19,911



(In thousands)	Residential Real Estate		Commercial Real Estate			Agricultural Real Estate		Construction	Commercial			Other Agricultural	Consumer		Total
Beginning balance, December 31, 2023	$	1,351	$	11,871	$	58	$	933	$	1,207	$	94	$	3,454	$	18,968
Charge Offs		-		-		-		-		(85)		-		(1,297)		(1,382)
Recoveries		42		106		-		-		-		-		77		225
(Release of) Provision for credit losses		(344)		(1,511)		(32)		(77)		772		38		2,042		888
Ending balance, September 30, 2024	$	1,049	$	10,466	$	26	$	856	$	1,894	$	132	$	4,276	$	18,699
Ending balance individually evaluated ‎for impairment	$	-	$	4	$	-	$	-	$	-	$	-	$	235	$	239
Ending balance collectively evaluated ‎for impairment	$	1,049	$	10,462	$	26	$	856	$	1,894	$	132	$	4,041	$	18,460



(In thousands)	Residential Real Estate		Commercial Real Estate			Agricultural Real Estate		Construction	Commercial			Other Agricultural	Consumer		Total
Beginning balance, June 30, 2024	$	1,131	$	9,552	$	41	$	840	$	2,035	$	130	$	4,077	$	17,806
Charge Offs		-		-		-		-		-		-		(358)		(358)
Recoveries		-		2		-		-		-		-		33		35
(Release of) Provision for credit losses		(82)		912		(15)		16		(141)		2		524		1,216
Ending balance, September 30, 2024	$	1,049	$	10,466	$	26	$	856	$	1,894	$	132	$	4,276	$	18,699

Summary of Carrying Value of Loan on Nonaccrual Status


		Nonaccrual		Nonaccrual				Loans Past Due
		with no		with		Total		Over 90 Days		Total
	ACL		ACL		Nonaccrual		Still Accruing		Nonperforming
September 30, 2025
Real Estate loans
Residential	$	1,077	$	-	$	1,077	$	-	$	1,077
Commercial		3,998		20		4,018		-		4,018
Agricultural		-		-		-		-		-
Construction		50		-		50		-		50
Commercial loans		69		-		69		-		69
Other agricultural loans		-		-		-		25		25
Consumer loans		358		993		1,351		-		1,351
Total	$	5,552	$	1,013	$	6,565	$	25	$	6,590


		Nonaccrual		Nonaccrual				Loans Past Due
		with no		with		Total		Over 90 Days		Total
	ACL		ACL		Nonaccrual		Still Accruing		Nonperforming
December 31, 2024
Real Estate loans
Residential	$	936	$	4	$	940	$	-	$	940
Commercial		5,739		4		5,743		-		5,743
Agricultural		-		-		-		-		-
Construction		-		-		-		-		-
Commercial loans		127		-		127		33		160
Other agricultural loans		-		-		-		-		-
Consumer loans		570		340		910		121		1,031
Total	$	7,372	$	348	$	7,720	$	154	$	7,874

Summary of Recorded Investment by Internal Risk Rating Systems

Based on the most recent analysis performed, the following table presents the recorded investment in non-homogenous pools by internal risk rating systems (in thousands):


														Revolving		Revolving
	Term Loans Amortized Costs Basis by Origination Year													Loans		Loans
														Amortized		Converted
September 30, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total
Commercial real estate
Risk Rating
Pass	$	87,169	$	99,681	$	69,980	$	116,116	$	88,223	$	243,881	$	18,745	$	-	$	723,795
Special Mention		-		-		-		205		2,036		1,089		-		-		3,330
Substandard		-		135		-		-		2,446		7,427		400		-		10,408
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	87,169	$	99,816	$	69,980	$	116,321	$	92,705	$	252,397	$	19,145	$	-	$	737,533

Commercial real estate
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	62	$	-	$	-	$	62

Real Estate - Agriculture
Risk Rating
Pass	$	2,984	$	5,140	$	3,470	$	10,904	$	3,736	$	31,936	$	345	$	-	$	58,515
Special Mention		154		865		-		-		-		1,139		-		-		2,158
Substandard		-		-		-		-		-		-		7		-		7
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	3,138	$	6,005	$	3,470	$	10,904	$	3,736	$	33,075	$	352	$	-	$	60,680

Real Estate - Agriculture
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Commercial loans
Risk Rating
Pass	$	52,595	$	42,889	$	26,293	$	25,747	$	13,748	$	19,565	$	39,572	$	-	$	220,409
Special Mention		35		-		-		23		-		-		14		-		72
Substandard		-		-		259		334		588		798		1,000		-		2,979
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	52,630	$	42,889	$	26,552	$	26,104	$	14,336	$	20,363	$	40,586	$	-	$	223,460

Commercial loans
Current period gross charge-offs	$	-	$	-	$	-	$	60	$	23	$	-	$	-	$	-	$	83

Other agricultural loans
Risk Rating
Pass	$	2,289	$	2,892	$	1,434	$	2,560	$	2,151	$	3,676	$	7,271	$	-	$	22,273
Special Mention		-		370		-		-		-		1,342		800		-		2,512
Substandard		-		-		-		-		-		-		1,475		-		1,475
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	2,289	$	3,262	$	1,434	$	2,560	$	2,151	$	5,018	$	9,546	$	-	$	26,260

Other agricultural loans
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	48	$	-	$	-	$	48

Total
Risk Rating
Pass	$	145,037	$	150,602	$	101,177	$	155,327	$	107,858	$	299,058	$	65,933	$	-	$	1,024,992
Special Mention		189		1,235		-		228		2,036		3,570		814		-		8,072
Substandard		-		135		259		334		3,034		8,225		2,882		-		14,869
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	145,226	$	151,972	$	101,436	$	155,889	$	112,928	$	310,853	$	69,629	$	-	$	1,047,933

‎


														Revolving		Revolving
	Term Loans Amortized Costs Basis by Origination Year													Loans		Loans
														Amortized		Converted
December 31, 2024		2024		2023		2022		2021		2020		Prior		Cost Basis		to Term		Total
Commercial real estate
Risk Rating
Pass	$	102,773	$	74,242	$	121,881	$	104,720	$	60,941	$	217,435	$	20,829	$	-	$	702,821
Special Mention		5		-		262		-		-		2,148		-		-		2,415
Substandard		135		-		-		2,461		1,405		7,238		400		-		11,639
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	102,913	$	74,242	$	122,143	$	107,181	$	62,346	$	226,821	$	21,229	$	-	$	716,875

Commercial real estate
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Real Estate - Agriculture
Risk Rating
Pass	$	6,257	$	3,756	$	12,036	$	3,960	$	7,148	$	29,038	$	336	$	-	$	62,531
Special Mention		-		-		-		-		-		773		150		-		923
Substandard		-		-		-		-		-		-		34		-		34
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	6,257	$	3,756	$	12,036	$	3,960	$	7,148	$	29,811	$	520	$	-	$	63,488

Real Estate - Agriculture
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Commercial loans
Risk Rating
Pass	$	57,939	$	34,088	$	29,465	$	19,163	$	10,233	$	15,042	$	42,906	$	-	$	208,836
Special Mention		-		-		25		-		-		106		14		-		145
Substandard		-		277		429		711		-		743		850		-		3,010
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	57,939	$	34,365	$	29,919	$	19,874	$	10,233	$	15,891	$	43,770	$	-	$	211,991

Commercial loans
Current period gross charge-offs	$	-	$	11	$	-	$	-	$	8	$	51	$	30	$	-	$	100

Other agricultural loans
Risk Rating
Pass	$	4,358	$	1,836	$	3,721	$	2,379	$	2,134	$	4,353	$	9,697	$	-	$	28,478
Special Mention		-		-		-		-		-		127		-		-		127
Substandard		-		-		-		-		-		-		1,472		-		1,472
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	4,358	$	1,836	$	3,721	$	2,379	$	2,134	$	4,480	$	11,169	$	-	$	30,077

Other agricultural loans
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Total
Risk Rating
Pass	$	171,327	$	113,922	$	167,103	$	130,222	$	80,456	$	265,868	$	73,768	$	-	$	1,002,666
Special Mention		5		-		287		-		-		3,154		164		-		3,610
Substandard		135		277		429		3,172		1,405		7,981		2,756		-		16,155
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	171,467	$	114,199	$	167,819	$	133,394	$	81,861	$	277,003	$	76,688	$	-	$	1,022,431

Summary of Recorded Investment in Loan Classes Based on Payment Activity


														Revolving		Revolving
	Term Loans Amortized Costs Basis by Origination Year													Loans		Loans
														Amortized		Converted
September 30, 2025		2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total
Residential real estate
Payment Performance
Performing	$	15,317	$	36,098	$	39,157	$	55,459	$	48,761	$	110,550	$	33,578	$	-	$	338,920
Nonperforming		-		-		125		151		170		612		19		-		1,077
Total	$	15,317	$	36,098	$	39,282	$	55,610	$	48,931	$	111,162	$	33,597	$	-	$	339,997

Residential real estate
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	63	$	-	$	-	$	63

Construction
Payment Performance
Performing	$	20,134	$	32,025	$	15,635	$	8,662	$	328	$	105	$	3,372	$	-	$	80,261
Nonperforming		-		-		-		50		-		-		-		-		50
Total	$	20,134	$	32,025	$	15,635	$	8,712	$	328	$	105	$	3,372	$	-	$	80,311

Construction
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Consumer loans to individuals
Payment Performance
Performing	$	110,587	$	103,481	$	69,058	$	37,566	$	10,717	$	12,747	$	1,390	$	-	$	345,546
Nonperforming		73		308		414		409		60		87		-		-		1,351
Total	$	110,660	$	103,789	$	69,472	$	37,975	$	10,777	$	12,834	$	1,390	$	-	$	346,897

Consumer loans to individuals
Current period gross charge-offs	$	6	$	325	$	383	$	337	$	108	$	114	$	-	$	-	$	1,273

Total
Payment Performance
Performing	$	146,038	$	171,604	$	123,850	$	101,687	$	59,806	$	123,402	$	38,340	$	-	$	764,727
Nonperforming		73		308		539		610		230		699		19		-		2,478
Total	$	146,111	$	171,912	$	124,389	$	102,297	$	60,036	$	124,101	$	38,359	$	-	$	767,205


														Revolving		Revolving
	Term Loans Amortized Costs Basis by Origination Year													Loans		Loans
														Amortized		Converted
December 31, 2024		2024		2023		2022		2021		2020		Prior		Cost Basis		to Term		Total
Residential real estate
Payment Performance
Performing	$	22,842	$	41,384	$	60,194	$	52,712	$	32,161	$	89,965	$	30,658	$	-	$	329,916
Nonperforming		-		125		52		184		-		560		19		-		940
Total	$	22,842	$	41,509	$	60,246	$	52,896	$	32,161	$	90,525	$	30,677	$	-	$	330,856

Residential real estate
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Construction
Payment Performance
Performing	$	28,817	$	12,986	$	9,024	$	431	$	-	$	144	$	1,618	$	-	$	53,020
Nonperforming		-		-		-		-		-		-		-		-		-
Total	$	28,817	$	12,986	$	9,024	$	431	$	-	$	144	$	1,618	$	-	$	53,020

Construction
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Consumer loans to individuals
Payment Performance
Performing	$	125,254	$	93,392	$	52,009	$	15,679	$	8,316	$	11,207	$	887	$	-	$	306,744
Nonperforming		97		401		377		114		26		16		-		-		1,031
Total	$	125,351	$	93,793	$	52,386	$	15,793	$	8,342	$	11,223	$	887	$	-	$	307,775

Consumer loans to individuals
Current period gross charge-offs	$	123	$	511	$	850	$	203	$	87	$	75	$	-	$	-	$	1,849

Total
Payment Performance
Performing	$	176,913	$	147,762	$	121,227	$	68,822	$	40,477	$	101,316	$	33,163	$	-	$	689,680
Nonperforming		97		526		429		298		26		576		19		-		1,971
Total	$	177,010	$	148,288	$	121,656	$	69,120	$	40,503	$	101,892	$	33,182	$	-	$	691,651

Loan Modifications Made to Borrowers


Significant Payment Delay

		Amortized Cost Basis at September 30, 2025	% of Total Class of Financing Receivable		Financial Effect
		(in thousands)
Commercial real estate loans	$	1,214	0.16	%	Deferred principal for 3-6 months
Commercial loans		832	0.37		Deferred principal for 3-6 months
Consumer loans to individuals		5	—		Deferred principal for 4 months

Total	$	2,051

Term Extension

		Amortized Cost Basis at September 30, 2025	% of Total Class of Financing Receivable		Financial Effect
		(in thousands)
Residential real estate loans	$	49	0.01	%	Added a weighted-average 10.0 years to the life of loans
Commercial real estate loans		831	0.11		Added a weighted-average 6.0 months to the life of loans
Commercial loans		273	0.12		Added a weighted-average 5.0 years to the life of loans

Total	$	1,153


Combination -Significant Payment Delay and Term Extension

		Amortized Cost Basis at September 30, 2025	% of Total Class of Financing Receivable		Financial Effect

Commercial real estate loans	$	4,264	0.58		Deferred principal for 3-9 months and extended term by 9 months
Commercial loans		127	0.06	%	Deferred principal for 4 months and extended term by 4 months

Total	$	4,391

Summary of Loan Concentrations by Industry


Account Type		Outstanding as of September 30, 2025	Percent of Loans as of September 30, 2025

Commercial Rentals	$	169,560	9.38	%
Residential Rentals		116,554	6.45
Hotels/Motels		121,907	6.74
Builders/Contractors		36,702	2.03
Dairy Cattle/Milk Product		43,253	2.39
Fuel/Gas Stations		48,924	2.71
Government Support		30,283	1.68
Mobile Home Park		21,723	1.20
Wineries		20,542	1.14
Camps		23,336	1.29
Resorts		38,294	2.12