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Loans and Allowance for Loan Credit Losses (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule of Composition of the Loan Portfolio

A summary of the composition of the loan portfolio at September 30, 2024 and December 31, 2023 (dollars in thousands):

			September 30, 2024						December 31, 2023
Commercial real estate			$	51,387					$	60,138
Commercial			11,144						12,438
Residential real estate closed-end			218,129						210,358
Other consumer loans			19,372						21,210
			300,032						304,144
Less allowance for credit losses			(4,206)						(4,319)
Loans, net			$	295,826					$	299,825

Schedule of Allowance for Credit Losses by Portfolio Type

The following tables present the activity in the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2024 and 2023 (dollars in thousands):

			September 30, 2024
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
For the three months ended
Allowance for credit losses:
Beginning balance, June 30, 2024			$	1,136					$	167					$	2,756					$	278					$	4,337
Provision for (recapture of) credit losses			(114)						(3)						18						(32)						(131)
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, September 30, 2024			$	1,022					$	164					$	2,774					$	246					$	4,206

			September 30, 2023
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
For the three months ended
Allowance for credit losses:
Beginning balance, June 30, 2023			$	1,142					$	239					$	2,793					$	225					$	4,399
Provision for (recapture of) credit losses			(102)						(48)						170						(19)						1
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, September 30, 2023			$	1,040					$	191					$	2,963					$	206					$	4,400

			September 30, 2024
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
For the nine months ended
Allowance for credit losses:
Beginning balance, December 31, 2023			$	1,233					$	189					$	2,668					$	229					$	4,319
Provision for (recapture of) credit losses			(211)						(25)						106						17						(113)
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, September 30, 2024			$	1,022					$	164					$	2,774					$	246					$	4,206

			September 30, 2023
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
For the nine months ended
Allowance for credit losses:
Beginning balance, December 31, 2022			$	905					$	573					$	2,650					$	354					$	4,482
Impact of adopting ASC 326			130						19						(16)						(133)						—
Provision for (recapture of) credit losses			5						(401)						329						(15)						(82)
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, September 30, 2023			$	1,040					$	191					$	2,963					$	206					$	4,400

Schedule of Amortized Costs by Segment of Loans and Credit Risk Profile of Loan Portfolio

The following table presents the outstanding balance of the loan portfolio, by year of origination, loan classification, and credit quality, as of September 30, 2024 and December 31, 2023 (dollars in thousands):

September 30, 2024			Term Loans by Year of Origination																																				Revolving Loans						Revolving to Term Loans						Total
			2024						2023						2022						2021						2020						Prior
Commercial real estate
Pass			$	—					$	1,338					$	5,458					$	8,950					$	3,500					$	26,581					$	—					$	3,690					$	49,517
Special Mention			—						—						—						—						—						1,526						—						—						1,526
Substandard			—						—						—						—						—						344						—						—						344
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	—					$	1,338					$	5,458					$	8,950					$	3,500					$	28,451					$	—					$	3,690					$	51,387
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass			$	424					$	—					$	557					$	11					$	3					$	1,389					$	8,760					$	—					$	11,144
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	424					$	—					$	557					$	11					$	3					$	1,389					$	8,760					$	—					$	11,144
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

September 30, 2024			Term Loans by Year of Origination																																				Revolving Loans						Revolving to Term Loans						Total
			2024						2023						2022						2021						2020						Prior
Residential real estate closed-end
Pass			$	18,574					$	17,911					$	47,541					$	43,650					$	23,600					$	66,616					$	—					$	—					$	217,892
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						237						—						—						237
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	18,574					$	17,911					$	47,541					$	43,650					$	23,600					$	66,853					$	—					$	—					$	218,129
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Other consumer loans
Pass			$	—					$	—					$	—					$	—					$	—					$	—					$	17,869					$	1,503					$	19,372
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	—					$	—					$	—					$	—					$	—					$	—					$	17,869					$	1,503					$	19,372
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

December 31, 2023			Term Loans by Year of Origination																																				Revolving Loans						Revolving to Term Loans						Total
			2023						2022						2021						2020						2019						Prior
Commercial real estate
Pass			$	849					$	5,521					$	9,327					$	3,713					$	8,015					$	21,875					$	—					$	8,895					$	58,195
Special Mention			—						—						—						—						—						1,570						—						—						1,570
Substandard			—						—						—						—						—						373						—						—						373
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	849					$	5,521					$	9,327					$	3,713					$	8,015					$	23,818					$	—					$	8,895					$	60,138
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass			$	—					$	573					$	14					$	42					$	1,352					$	309					$	10,148					$	—					$	12,438
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	—					$	573					$	14					$	42					$	1,352					$	309					$	10,148					$	—					$	12,438
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

December 31, 2023			Term Loans by Year of Origination																																				Revolving Loans						Revolving to Term Loans						Total
			2023						2022						2021						2020						2019						Prior
Residential real estate closed end
Pass			$	20,230					$	45,920					$	45,528					$	25,150					$	18,035					$	55,253					$	—					$	—					$	210,116
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						242						—						—						242
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	20,230					$	45,920					$	45,528					$	25,150					$	18,035					$	55,495					$	—					$	—					$	210,358
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Other consumer loans
Pass			$	—					$	—					$	32					$	—					$	—					$	—					$	17,703					$	3,475					$	21,210
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	—					$	—					$	32					$	—					$	—					$	—					$	17,703					$	3,475					$	21,210
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
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