Receivables [Abstract]

Schedule of loan category and loan by risk categories

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of March 31, 2024:


	Term Loans by year of Origination
($ in thousands)	2020		2021		2022		2023		2024		Prior		Revolving		Revolving Converted to Term		Total
Commercial
Pass	$	1,247	$	22,778	$	7,973	$	9,806	$	5,577	$	9,779	$	21,506	$	44	$	78,710
Special mention		—		—		—		—		—		23		—		—		23
Substandard		—		54		—		—		—		—		—		—		54
Total commercial		1,247		22,832		7,973		9,806		5,577		9,802		21,506		44		78,787

Current period gross write-offs		—		24		—		—		—		—		—		—		24
Real estate construction
Pass		—		5,073		38,295		58,814		2,691		6,317		25,255		—		136,445
Total real estate construction		—		5,073		38,295		58,814		2,691		6,317		25,255		—		136,445

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-residential
Pass		10,195		6,123		33,413		33,037		565		9,988		1,037		4,867		99,225
Special mention		222		—		—		—		—		174		—		—		396
Substandard		—		—		—		—		—		212		—		—		212
Total real estate mortgage-residential		10,417		6,123		33,413		33,037		565		10,374		1,037		4,867		99,833

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-commercial
Pass		92,867		129,577		201,446		112,448		13,659		227,031		14,828		99		791,955
Special mention		—		123		—		—		—		162		—		—		285
Substandard		—		—		—		—		—		93		—		—		93
Total real estate mortgage-commercial		92,867		129,700		201,446		112,448		13,659		227,286		14,828		99		792,333

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - home equity
Pass		—		—		—		—		—		—		32,467		—		32,467
Special mention		—		—		—		—		—		—		111		—		111
Substandard		—		—		—		—		—		—		1,059		—		1,059
Total consumer - home equity		—		—		—		—		—		—		33,637		—		33,637

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - other
Pass		171		373		1,010		1,816		496		1,272		11,114		—		16,252
Special mention		—		—		—		18		—		—		—		—		18
Substandard		—		—		—		—		—		—		—		—		—
Total consumer - other		171		373		1,010		1,834		496		1,272		11,114		—		16,270

Current period gross write-offs		—		—		—		—		—		—		25		—		25

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of December 31, 2023:


	Term Loans by year of Origination
($ in thousands)	2019		2020		2021		2022		2023		Prior		Revolving		Revolving Converted to Term		Total
Commercial
Pass	$	1,149	$	1,375	$	23,226	$	9,018	$	12,950	$	9,230	$	21,033	$	49	$	78,030
Special mention		—		—		—		—		—		26		—		—		26
Substandard		—		—		78		—		—		—		—		—		78
Total commercial		1,149		1,375		23,304		9,018		12,950		9,256		21,033		49		78,134

Current period gross write-offs		—		20		—		—		—		—		—		—		20
Real estate construction
Pass		6,864		—		5,074		39,514		47,992		—		18,781		—		118,225
Total real estate construction		6,864		—		5,074		39,514		47,992		—		18,781		—		118,225

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-residential
Pass		1,894		10,548		6,219		28,843		28,517		8,420		977		8,962		94,380
Special mention		—		25		—		—		—		177		—		—		202
Substandard		—		—		—		—		—		214		—		—		214
Total real estate mortgage-residential		1,894		10,573		6,219		28,843		28,517		8,811		977		8,962		94,796

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-commercial
Pass		47,962		95,120		136,892		201,380		106,125		189,983		14,038		329		791,829
Special mention		—		—		—		—		—		21		—		—		21
Substandard		—		—		—		—		—		97		—		—		97
Total real estate mortgage-commercial		47,962		95,120		136,892		201,380		106,125		190,101		14,038		329		791,947

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - home equity
Pass		—		—		—		—		—		—		33,621		—		33,621
Special mention		—		—		—		—		—		—		67		—		67
Substandard		—		—		—		—		—		—		1,064		—		1,064
Total consumer - home equity		—		—		—		—		—		—		34,752		—		34,752

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - other
Pass		420		203		435		1,164		2,043		902		10,982		—		16,149
Special mention		—		—		—		—		16		—		—		—		16
Substandard		—		—		—		—		—		—		—		—		—
Total consumer - other		420		203		435		1,164		2,059		902		10,982		—		16,165

Current period gross write-offs		—		—		—		—		—		—		67		—		67

Schedule of Loan Category and Aging Analysis of Loans

The following tables are by loan category and present loans past due and on non-accrual status as of March 31, 2024 and December 31, 2023.

					Greater than
(Dollars in thousands)	30-59 Days		60-89 Days		90 Days and				Total
March 31, 2024	Past Due		Past Due		Accruing		Non-accrual		Past Due		Current		Total Loans
Commercial	$	17	$	6	$	—	$	53	$	76	$	78,711	$	78,787
Real estate:
Construction		—		—		154		—		154		136,291		136,445
Mortgage-residential		13		—		—		—		13		99,820		99,833
Mortgage-commercial		76		124		—		—		200		792,133		792,333
Consumer:
Home equity		—		—		—		3		3		33,634		33,637
Other		15		—		3		—		18		16,252		16,270
Total	$	121	$	130	$	157	$	56	$	464	$	1,156,841	$	1,157,305

					Greater than
(Dollars in thousands)	30-59 Days		60-89 Days		90 Days and				Total
December 31, 2023	Past Due		Past Due		Accruing		Non-accrual		Past Due		Current		Total Loans
Commercial	$	19	$	7	$	—	$	24	$	50	$	78,084	$	78,134
Real estate:
Construction		—		—		—		—		—		118,225		118,225
Mortgage-residential		244		15		214		—		473		94,323		94,796
Mortgage-commercial		67		124		—		—		191		791,756		791,947
Consumer:
Home equity		—		—		—		3		3		34,749		34,752
Other		22		—		1		—		23		16,142		16,165
Total	$	352	$	146	$	215	$	27	$	740	$	1,133,279	$	1,134,019

Schedule of Unfunded Commitments

The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the three months ended March 31, 2024.

Schedule of Unfunded Commitments

(Dollars in thousands)	Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2023	$	597
Provision for unfunded commitments		(85	)
Balance, March 31, 2024	$	512

(Dollars in thousands)	Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2022	$	—
Adjustment for ASU		398
Provision for unfunded commitments		(16	)
Balance, March 31, 2023	$	382