XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.24.3

Loans (Tables) | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Schedule of Loan Portfolio | The following table summarizes the composition of our loan portfolio. Total loans are recorded net of deferred loan fees and costs, which totaled $2.0 million and $2.2 million as of September 30, 2024 and December 31, 2023, respectively. Schedule of Loan Portfolio
|  | September 30, |  |  | December 31, |
(Dollars in thousands) |  | 2024 |  |  | 2023 |
Commercial |  | $ | 84,445 |  |  | $ | 78,134 |
Real estate: |  |  |  |  |  |  |  |
Construction |  |  | 149,395 |  |  |  | 118,225 |
Mortgage-residential |  |  | 121,021 |  |  |  | 94,796 |
Mortgage-commercial |  |  | 786,029 |  |  |  | 791,947 |
Consumer: |  |  |  |  |  |  |  |
Home equity |  |  | 38,697 |  |  |  | 34,752 |
Other |  |  | 17,072 |  |  |  | 16,165 |
Total loans, net of deferred loan fees and costs |  | $ | 1,196,659 |  |  | $ | 1,134,019 |
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 September 30, 2024: Schedule of loan category and loan by risk categories
|  | Term Loans by year of Origination |
($ in thousands) |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Prior |  |  | Revolving |  |  | Revolving Converted to Term |  |  | Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 679 |  |  | $ | 20,609 |  |  | $ | 7,649 |  |  | $ | 8,928 |  |  | $ | 15,591 |  |  | $ | 8,355 |  |  | $ | 22,586 |  |  | $ | 38 |  |  | $ | 84,435 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | 10 |
Total commercial |  |  | 679 |  |  |  | 20,609 |  |  |  | 7,649 |  |  |  | 8,928 |  |  |  | 15,591 |  |  |  | 8,355 |  |  |  | 22,596 |  |  |  | 38 |  |  |  | 84,445 |
Current period gross write-offs |  |  | — |  |  |  | 77 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 83 |
Real estate construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | — |  |  |  | 4,415 |  |  |  | 41,830 |  |  |  | 54,141 |  |  |  | 15,879 |  |  |  | 6,249 |  |  |  | 26,881 |  |  |  | — |  |  |  | 149,395 |
Total real estate construction |  |  | — |  |  |  | 4,415 |  |  |  | 41,830 |  |  |  | 54,141 |  |  |  | 15,879 |  |  |  | 6,249 |  |  |  | 26,881 |  |  |  | — |  |  |  | 149,395 |
Current period gross write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Real estate mortgage-residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 9,129 |  |  |  | 5,566 |  |  |  | 32,835 |  |  |  | 29,775 |  |  |  | 12,569 |  |  |  | 8,466 |  |  |  | 880 |  |  |  | 21,201 |  |  |  | 120,421 |
Special mention |  |  | 219 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 170 |  |  |  | — |  |  |  | — |  |  |  | 389 |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 211 |  |  |  | — |  |  |  | — |  |  |  | 211 |
Total real estate mortgage-residential |  |  | 9,348 |  |  |  | 5,566 |  |  |  | 32,835 |  |  |  | 29,775 |  |  |  | 12,569 |  |  |  | 8,466 |  |  |  | 880 |  |  |  | 21,201 |  |  |  | 121,021 |
Current period gross write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Real estate mortgage-commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 82,379 |  |  |  | 123,895 |  |  |  | 192,465 |  |  |  | 110,281 |  |  |  | 58,864 |  |  |  | 205,140 |  |  |  | 12,084 |  |  |  | 581 |  |  |  | 785,689 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 151 |  |  |  | — |  |  |  | — |  |  |  | 151 |
Substandard |  |  | — |  |  |  | 117 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 72 |  |  |  | — |  |  |  | — |  |  |  | 189 |
Total real estate mortgage-commercial |  |  | 82,379 |  |  |  | 124,012 |  |  |  | 192,465 |  |  |  | 110,281 |  |  |  | 58,864 |  |  |  | 205,363 |  |  |  | 12,084 |  |  |  | 581 |  |  |  | 786,029 |
Current period gross write-offs |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Consumer - home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 37,532 |  |  |  | — |  |  |  | 37,532 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 105 |  |  |  | — |  |  |  | 105 |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,060 |  |  |  | — |  |  |  | 1,060 |
Total consumer - home equity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 38,697 |  |  |  | — |  |  |  | 38,697 |
Current period gross write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer - other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 120 |  |  |  | 283 |  |  |  | 752 |  |  |  | 1,279 |  |  |  | 2,438 |  |  |  | 1,236 |  |  |  | 10,946 |  |  |  | — |  |  |  | 17,054 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18 |
Total consumer - other |  |  | 120 |  |  |  | 283 |  |  |  | 752 |  |  |  | 1,294 |  |  |  | 2,441 |  |  |  | 1,236 |  |  |  | 10,946 |  |  |  | — |  |  |  | 17,072 |
Current period gross write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 64 |  |  |  | — |  |  |  | 64 |
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 Allowance for Credit Losses | The detailed activity in the allowance for credit losses and the recorded investment in loans receivable for the three and nine months ended September 30, 2024 is shown below: Schedule of Allowance for Credit Losses
($ in thousands) |  | Commercial |  |  | Real Estate Construction |  |  | Real Estate Mortgage Residential |  |  | Real Estate Mortgage Commercial |  |  | Consumer Home Equity |  |  | Consumer Other |  |  | Total Loans |
Balance at June 30, 2024 |  | $ | 1,026 |  |  | $ | 1,619 |  |  | $ | 1,378 |  |  | $ | 8,146 |  |  | $ | 504 |  |  | $ | 259 |  |  | $ | 12,932 |
Charge-offs |  |  | (53 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (29 | ) |  |  | (82 | )
Recoveries |  |  | 3 |  |  |  | 1 |  |  |  | — |  |  |  | 2 |  |  |  | 2 |  |  |  | 6 |  |  |  | 14 |
Provision for credit losses |  |  | 35 |  |  |  | 63 |  |  |  | 148 |  |  |  | (274 | ) |  |  | 50 |  |  |  | (47 | ) |  |  | 69 |
Balance at September 30, 2024 |  | $ | 1,011 |  |  | $ | 1,683 |  |  | $ | 1,526 |  |  | $ | 7,874 |  |  | $ | 556 |  |  | $ | 283 |  |  | $ | 12,933 |
($ in thousands) |  | Commercial |  |  | Real Estate Construction |  |  | Real Estate Mortgage Residential |  |  | Real Estate Mortgage Commercial |  |  | Consumer Home Equity |  |  | Consumer Other |  |  | Total Loans |
Balance at December 31, 2023 |  | $ | 935 |  |  | $ | 1,337 |  |  | $ | 1,122 |  |  | $ | 8,146 |  |  | $ | 472 |  |  | $ | 255 |  |  | $ | 12,267 |
Charge-offs |  |  | (83 | ) |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (64 | ) |  |  | (149 | )
Recoveries |  |  | 5 |  |  |  | 2 |  |  |  | 18 |  |  |  | 9 |  |  |  | 7 |  |  |  | 12 |  |  |  | 53 |
Provision for credit losses |  |  | 154 |  |  |  | 344 |  |  |  | 386 |  |  |  | (280 | ) |  |  | 77 |  |  |  | 80 |  |  |  | 761 |
Balance at September 30, 2024 |  | $ | 1,011 |  |  | $ | 1,683 |  |  | $ | 1,526 |  |  | $ | 7,874 |  |  | $ | 556 |  |  | $ | 283 |  |  | $ | 12,933 |
The detailed activity in the allowance for credit losses and the recorded investment in loans receivable for the three and nine months ended September 30, 2023 is shown below:
($ in thousands) |  | Commercial |  |  | Real estate Construction |  |  | Real estate Mortgage Residential |  |  | Real estate Mortgage Commercial |  |  | Consumer Home equity |  |  | Consumer Other |  |  | Total |
Balance at June 30, 2023 |  | $ | 1,012 |  |  | $ | 1,127 |  |  | $ | 861 |  |  | $ | 7,886 |  |  | $ | 438 |  |  | $ | 230 |  |  | $ | 11,554 |
Charge-offs |  |  | (20 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (14 | ) |  |  | (34 | )
Recoveries |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 15 |  |  |  | 13 |  |  |  | 7 |  |  |  | 38 |
Provisions |  |  | (6 | ) |  |  | 222 |  |  |  | 122 |  |  |  | (82 | ) |  |  | (12 | ) |  |  | 16 |  |  |  | 260 |
Ending balance September 30, 2023 |  | $ | 987 |  |  | $ | 1,350 |  |  | $ | 984 |  |  | $ | 7,819 |  |  | $ | 439 |  |  | $ | 239 |  |  | $ | 11,818 |
($ in thousands) |  | Commercial |  |  | Real estate Construction |  |  | Real estate Mortgage Residential |  |  | Real estate Mortgage Commercial |  |  | Consumer Home equity |  |  | Consumer Other |  |  | Unallocated |  |  | Total |
Balance at December 31, 2022 |  | $ | 849 |  |  | $ | 75 |  |  | $ | 723 |  |  | $ | 8,569 |  |  | $ | 314 |  |  | $ | 170 |  |  | $ | 636 |  |  | $ | 11,336 |
Adjustment to allowance for adoption of ASU 2016-13 |  |  | 193 |  |  |  | 1,075 |  |  |  | 32 |  |  |  | (883 | ) |  |  | 166 |  |  |  | 39 |  |  |  | (636 | ) |  |  | (14 | )
Charge-offs |  |  | (20 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (50 | ) |  |  | — |  |  |  | (70 | )
Recoveries |  |  | 4 |  |  |  | 2 |  |  |  | 4 |  |  |  | 33 |  |  |  | 19 |  |  |  | 13 |  |  |  | — |  |  |  | 75 |
Provisions |  |  | (39 | ) |  |  | 198 |  |  |  | 225 |  |  |  | 100 |  |  |  | (60 | ) |  |  | 67 |  |  |  | — |  |  |  | 491 |
Ending balance September 30, 2023 |  | $ | 987 |  |  | $ | 1,350 |  |  | $ | 984 |  |  | $ | 7,819 |  |  | $ | 439 |  |  | $ | 239 |  |  |  | — |  |  | $ | 11,818 |
The following table shows the amortized cost basis as of September 30, 2024 of the loans modified for borrowers experiencing financial difficulty segregated by loan category and describes the financial effect of the modification made for a borrower experiencing financial difficulty. |
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 September 30, 2024 and December 31, 2023. Schedule of Loan Category and Aging Analysis of Loans
|  |  |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days and |  |  |  |  |  | Total |  |  |  |  |  |  |
September 30, 2024 |  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Non-accrual |  |  | Past Due |  |  | Current |  |  | Total Loans |
Commercial |  | $ | 55 |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 61 |  |  | $ | 84,384 |  |  | $ | 84,445 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 149,395 |  |  |  | 149,395 |
Mortgage-residential |  |  | 129 |  |  |  | 422 |  |  |  | 211 |  |  |  | — |  |  |  | 762 |  |  |  | 120,259 |  |  |  | 121,021 |
Mortgage-commercial |  |  | 148 |  |  |  | 74 |  |  |  | — |  |  |  | 117 |  |  |  | 339 |  |  |  | 785,690 |  |  |  | 786,029 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 229 |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 231 |  |  |  | 38,466 |  |  |  | 38,697 |
Other |  |  | 10 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | 17,055 |  |  |  | 17,072 |
Total |  | $ | 571 |  |  | $ | 509 |  |  | $ | 211 |  |  | $ | 119 |  |  | $ | 1,410 |  |  | $ | 1,195,249 |  |  | $ | 1,196,659 |
|  |  |  |  |  |  |  | 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 |
The following table is a summary of the Company’s non-accrual loans by major categories for the periods indicated. | The following table is a summary of the Company’s non-accrual loans by major categories for the periods indicated.
|  | CECL |
|  | September 30, 2024 |
(Dollars in thousands) |  | Non-accrual Loans with No Allowance |  |  | Non-accrual Loans with an Allowance |  |  | Total Non-accrual Loans |
Commercial |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-commercial |  |  | — |  |  |  | 117 |  |  |  | 117 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | — |  |  |  | 2 |  |  |  | 2 |
Other |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | 119 |  |  | $ | 119 |
|  | CECL |
|  | December 31, 2023 |
(Dollars in thousands) |  | Non-accrual Loans with No Allowance |  |  | Non-accrual Loans with an Allowance |  |  | Total Non-accrual Loans |
Commercial |  | $ | — |  |  | $ | 24 |  |  | $ | 24 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-commercial |  |  | — |  |  |  | — |  |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | — |  |  |  | 3 |  |  |  | 3 |
Other |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | 27 |  |  | $ | 27 |
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 and nine months ended September 30, 2024 and September 30, 2023. Schedule of Unfunded Commitments
(Dollars in thousands) |  | Total Allowance for Credit Losses - Unfunded Commitments |
Balance, June 30, 2024 |  | $ | 490 |
Provision for unfunded commitments |  |  | (81 | )
Balance, September 30, 2024 |  | $ | 409 |
(Dollars in thousands) |  | Total Allowance for Credit Losses - Unfunded Commitments |
Balance, December 31, 2023 |  | $ | 597 |
Provision for unfunded commitments |  |  | (188 | )
Balance, September 30, 2024 |  | $ | 409 |
(Dollars in thousands) |  | Total Allowance for Credit Losses - Unfunded Commitments |
Balance, June 30, 2023 |  | $ | 429 |
Provision for unfunded commitments |  |  | 214 |
Balance, September 30, 2023 |  | $ | 643 |
(Dollars in thousands) |  | Total Allowance for Credit Losses - Unfunded Commitments |
Balance, December 31, 2022 |  | $ | — |
Adjustment for ASU |  |  | 398 |
Provision for unfunded commitments |  |  | 245 |
Balance, September 30, 2023 |  | $ | 643 |

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