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Loans and Allowance for Loan Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Schedule of Composition of the Loan Portfolio

A summary of the composition of the loan portfolio at March 31, 2025 and December 31, 2024 is presented below (dollars in thousands):

			March 31, 2025						December 31, 2024
Commercial real estate			$	51,982					$	53,480
Commercial			18,555						27,883
Residential real estate closed-end			211,936						210,730
Other consumer loans			19,529						21,194
			302,002						313,287
Less allowance for credit losses			(4,476)						(4,514)
Loans, net			$	297,526					$	308,773

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 months ended March 31, 2025 and 2024 (dollars in thousands):

			March 31, 2025
			Commercial Real Estate						Commercial						Residential Real Estate Closed-End						Other Consumer Loans						Total
For the three months ended
Allowance for credit losses:
Beginning balance, December 31, 2024			$	1,140					$	483					$	2,644					$	247					$	4,514
Provision for (recapture of) credit losses			164						(224)						31						(9)						(38)
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, March 31, 2025			$	1,304					$	259					$	2,675					$	238					$	4,476

			March 31, 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, December 31, 2023			$	1,233					$	189					$	2,668					$	229					$	4,319
Provision for (recapture of) credit losses			(16)						(12)						13						20						5
Loans charged-off			—						—						—						—						—
Recoveries collected			—						—						—						—						—
Ending balance, March 31, 2024			$	1,217					$	177					$	2,681					$	249					$	4,324

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 March 31, 2025 and December 31, 2024 (dollars in thousands):

March 31, 2025			Term Loans by Year of Origination																																				Revolving Loans						Revolving to Term Loans						Total
			2025						2024						2023						2022						2021						Prior
Commercial real estate
Pass			$	—					$	2,856					$	2,515					$	5,782					$	7,148					$	26,491					$	—					$	—					$	44,792
Special Mention			—						—						—						—						1,550						2,145						—						—						3,695
Substandard			—						—						—						1,676						—						1,819						—						—						3,495
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	—					$	2,856					$	2,515					$	7,458					$	8,698					$	30,455					$	—					$	—					$	51,982
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass			$	40					$	382					$	—					$	546					$	8					$	1,094					$	16,485					$	—					$	18,555
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	40					$	382					$	—					$	546					$	8					$	1,094					$	16,485					$	—					$	18,555
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate closed-end
Pass			$	3,683					$	15,876					$	16,668					$	47,529					$	42,625					$	85,555					$	—					$	—					$	211,936
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	3,683					$	15,876					$	16,668					$	47,529					$	42,625					$	85,555					$	—					$	—					$	211,936
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Other consumer loans
Pass			$	—					$	15					$	—					$	—					$	16					$	—					$	17,675					$	1,823					$	19,529
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total			$	—					$	15					$	—					$	—					$	16					$	—					$	17,675					$	1,823					$	19,529
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Total Portfolio Loans
Pass			$	3,723					$	19,129					$	19,183					$	53,857					$	49,797					$	113,140					$	34,160					$	1,823					$	294,812
Special Mention			—						—						—						—						1,550						2,145						—						—						3,695
Substandard			—						—						—						1,676						—						1,819						—						—						3,495
Doubtful			—						—						—						—						—						—						—						—						—
Loss			—						—						—						—						—						—						—						—						—
Total Portfolio Loans			$	3,723					$	19,129					$	19,183					$	55,533					$	51,347					$	117,104					$	34,160					$	1,823					$	302,002
Current period gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

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			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

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Tabular disclosure of allowance for credit loss on financing receivable.

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-Topic 310
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
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-Section 50
-Paragraph 13
-Publisher FASB
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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
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-Section 50
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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.

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