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Loans and Allowance for Loan Credit Losses (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Composition of the Loan Portfolio

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

			December 31, 2024						December 31, 2023
Commercial real estate			$	53,480					$	60,138
Commercial			27,883						12,438
Residential real estate closed-end			210,730						210,358
Other consumer loans			21,194						21,210
			313,287						304,144
Less allowance for credit losses			(4,514)						(4,319)
Loans, net			$	308,773					$	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 twelve months ended December 31, 2024 and 2023 (dollars in thousands):

			December 31, 2024
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
Allowance for credit losses:
Beginning balance, December 31, 2023			$	1,233					$	189					$	2,668					$	229					$	4,319
Provision for (recapture of) credit losses			(93)						294						(24)						18						195
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, December 31, 2024			$	1,140					$	483					$	2,644					$	247					$	4,514

			December 31, 2023
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
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			198						(403)						34						8						(163)
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, December 31, 2023			$	1,233					$	189					$	2,668					$	229					$	4,319

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 December 31, 2024 and December 31, 2023 (dollars in thousands):

December 31, 2024			Term Loans by Year of Origination																																				Revolving Loans						Revolving to Term Loans						Total
			2024						2023						2022						2021						2020						Prior
Commercial real estate
Pass			$	2,873					$	2,526					$	6,461					$	7,250					$	3,424					$	25,849					$	—					$	—					$	48,383
Special Mention			—						—						—						1,576						—						—						—						—						1,576
Substandard			—						—						1,676						—						—						1,845						—						—						3,521
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	2,873					$	2,526					$	8,137					$	8,826					$	3,424					$	27,694					$	—					$	—					$	53,480
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass			$	403					$	—					$	552					$	9					$	—					$	1,147					$	25,772					$	—					$	27,883
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	403					$	—					$	552					$	9					$	—					$	1,147					$	25,772					$	—					$	27,883
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate closed-end
Pass			$	15,969					$	17,834					$	47,200					$	43,125					$	23,145					$	63,222					$	—					$	—					$	210,495
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						236						—						—						236
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	15,969					$	17,834					$	47,200					$	43,125					$	23,145					$	63,458					$	—					$	—					$	210,730
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Other consumer loans
Pass			$	17					$	—					$	—					$	18					$	—					$	—					$	19,336					$	1,823					$	21,194
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	17					$	—					$	—					$	18					$	—					$	—					$	19,336					$	1,823					$	21,194
Current period gross charge-offs			—						—						—						—						—						—						—						—						—
Total Portfolio Loans
Pass			$	19,262					$	20,360					$	54,213					$	50,402					$	26,569					$	90,218					$	45,108					$	1,823					$	307,955
Special Mention			—						—						—						1,576						—						—						—						—						1,576
Substandard			—						—						1,676						—						—						2,081						—						—						3,757
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total Portfolio Loans			$	19,262					$	20,360					$	55,889					$	51,978					$	26,569					$	92,298					$	45,108					$	1,823					$	313,287
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			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
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			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Total Portfolio Loans
Pass			$	21,079					$	52,014					$	54,901					$	28,905					$	27,402					$	77,437					$	27,851					$	12,370					$	301,959
Special Mention			—						—						—						—						—						1,570						—						—						1,570
Substandard			—						—						—						—						—						615						—						—						615
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total Portfolio Loans			$	21,079					$	52,014					$	54,901					$	28,905					$	27,402					$	79,622					$	27,851					$	12,370					$	304,144
Current period gross charge-offs			—						—						—						—						—						—						—						—						—

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Tabular disclosure of allowance for credit loss on financing receivable.

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-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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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
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
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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

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-Topic 210
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-Section S99
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