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Loans (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

		March 31,				December 31,
(Dollars in thousands)		2025				2024
Commercial		$	89,505			$	86,616
Real estate:
Construction			150,270				152,155
Mortgage-residential			123,636				124,751
Mortgage-commercial			823,111				796,411
Consumer:
Home equity			44,896				42,304
Other			20,562				18,305
Total loans, net of deferred loan fees and costs		$	1,251,980			$	1,220,542

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, 2025:

Schedule of loan category and loan by risk categories

		Term Loans by year of Origination
($ in thousands)		2021				2022				2023				2024				2025				Prior				Revolving				Revolving Converted to Term				Total
Commercial
Pass		$	19,976			$	6,542			$	7,813			$	18,692			$	3,689			$	8,462			$	24,326			$	—			$	89,500
Special mention			—				—				—				—				—				—				5				—				5
Total commercial			19,976				6,542				7,813				18,692				3,689				8,462				24,331				—				89,505
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate construction
Pass			2,280				36,480				42,199				33,453				1,163				5,945				27,218				32				148,770
Special mention			—				—				1,500				—				—				—				—				—				1,500
Total real estate construction			2,280				36,480				43,699				33,453				1,163				5,945				27,218				32				150,270
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-residential
Pass			4,995				31,742				48,669				16,364				2,042				16,842				871				1,354				122,879
Special mention			—				357				—				—				—				186				—				—				543
Substandard			—				—				—				—				—				214				—				—				214
Total real estate mortgage-residential			4,995				32,099				48,669				16,364				2,042				17,242				871				1,354				123,636
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-commercial
Pass			116,234				196,187				113,836				80,752				38,064				262,771				15,000				—				822,844
Special mention			—				—				—				—				—				201				—				—				201
Substandard			—				—				—				—				—				66				—				—				66
Total real estate mortgage-commercial			116,234				196,187				113,836				80,752				38,064				263,038				15,000				—				823,111
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Consumer - home equity
Pass			—				—				—				—				—				—				43,720				—				43,720
Special mention			—				—				—				—				—				—				113				—				113
Substandard			—				—				—				—				—				—				1,063				—				1,063
Total consumer - home equity			—				—				—				—				—				—				44,896				—				44,896
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Consumer - other
Pass			219				425				1,010				4,119				686				1,220				12,868				—				20,547
Special mention			—				—				13				—				—				—				—				—				13
Substandard			—				—				—				2				—				—				—				—				2
Total consumer - other			219				425				1,023				4,121				686				1,220				12,868				—				20,562
Current period gross write-offs			—				—				—				—				—				—				9				—				9

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

		Term Loans by year of Origination
($ in thousands)		2020				2021				2022				2023				2024				Prior				Revolving				Revolving Converted to Term				Total
Commercial
Pass		$	605			$	20,288			$	7,084			$	8,336			$	21,808			$	8,100			$	20,359			$	36			$	86,616
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Total commercial			605				20,288				7,084				8,336				21,808				8,100				20,359				36				86,616
Current period gross write-offs			5				77				—				—				—				5				—				—				87
Real estate construction
Pass			—				2,295				44,290				44,022				27,213				6,231				28,104				—				152,155
Total real estate construction			—				2,295				44,290				44,022				27,213				6,231				28,104				—				152,155
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-residential
Pass			9,240				5,191				32,422				28,983				14,492				8,012				872				24,775				123,987
Special mention			21				—				358				—				—				167				—				—				546
Substandard			—				—				—				—				—				218				—				—				218
Total real estate mortgage-residential			9,261				5,191				32,780				28,983				14,492				8,397				872				24,775				124,751
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-commercial
Pass			79,977				118,415				190,140				115,525				76,754				196,793				17,949				582				796,135
Special mention			—				—				—				—				—				207				—				—				207
Substandard			—				—				—				—				—				69				—				—				69
Total real estate mortgage-commercial			79,977				118,415				190,140				115,525				76,754				197,069				17,949				582				796,411
Current period gross write-offs			—				2				—				—				—				—				—				—				2
Consumer - home equity
Pass			—				—				—				—				—				—				41,081				—				41,081
Special mention			—				—				—				—				—				—				160				—				160
Substandard			—				—				—				—				—				—				1,063				—				1,063
Total consumer - home equity			—				—				—				—				—				—				42,304				—				42,304
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Consumer - other
Pass			22				251				607				1,128				4,359				1,225				10,696				—				18,288
Special mention			—				—				—				14				—				—				—				—				14
Substandard			—				—				—				—				3				—				—				—				3
Total consumer - other			22				251				607				1,142				4,362				1,225				10,696				—				18,305
Current period gross write-offs			—				—				—				—				7				—				88				—				95

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 months ended March 31, 2025 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 December 31, 2024		$	994			$	1,675			$	1,639			$	7,974			$	568			$	285			$	13,135
Charge-offs			—				—				—				—				—				(9	)			(9	)
Recoveries			7				1				—				5				2				5				20
Provision for credit losses			50				68				42				213				32				57				462
Balance at March 31, 2025		$	1,051			$	1,744			$	1,681			$	8,192			$	602			$	338			$	13,608
($ 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			(24	)			—				—				—				—				(25	)			(49	)
Recoveries			1				—				19				3				2				2				27
Provision for (release of) credit losses			29				246				53				(128	)			(20	)			34				214
Balance at March 31, 2024		$	941			$	1,583			$	1,194			$	8,021			$	454			$	266			$	12,459

Schedule of Amortized Cost of Loans, by Loan Category, Modified for Borrowers with 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 March 31, 2025 and December 31, 2024.

Schedule of Loan Category and Aging Analysis of Loans

										Greater than
(Dollars in thousands)		30-59 Days				60-89 Days				90 Days and								Total
March 31, 2025		Past Due				Past Due				Accruing				Non-accrual				Past Due				Current				Total Loans
Commercial		$	100			$	—			$	—			$	—			$	100			$	89,405			$	89,505
Real estate:
Construction			—				—				—				—				—				150,270				150,270
Mortgage-residential			295				—				—				213				508				123,128				123,636
Mortgage-commercial			1,132				—				—				—				1,132				821,979				823,111
Consumer:
Home equity			201				—				—				2				203				44,693				44,896
Other			3				—				6				—				9				20,553				20,562
Total		$	1,731			$	—			$	6			$	215			$	1,952			$	1,250,028			$	1,251,980
										Greater than
(Dollars in thousands)		30-59 Days				60-89 Days				90 Days and								Total
December 31, 2024		Past Due				Past Due				Accruing				Non-accrual				Past Due				Current				Total Loans
Commercial		$	61			$	—			$	—			$	—			$	61			$	86,555			$	86,616
Real estate:
Construction			—				—				—				—				—				152,155				152,155
Mortgage-residential			14				—				—				217				231				124,520				124,751
Mortgage-commercial			—				87				—				—				87				796,324				796,411
Consumer:
Home equity			—				391				45				2				438				41,866				42,304
Other			1				—				3				—				4				18,301				18,305
Total		$	76			$	478			$	48			$	219			$	821			$	1,219,721			$	1,220,542

Schedule of Nonaccrual Loans

The following table is a summary of the Company’s non-accrual loans by major categories for the periods indicated.

Schedule of Nonaccrual Loans

		March 31, 2025
(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			—				213				213
Mortgage-commercial			—				—				—
Consumer:
Home equity			—				2				2
Other			—				—				—
Total		$	—			$	215			$	215
		December 31, 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			—				217				217
Mortgage-commercial			—				—				—
Consumer:
Home equity			—				2				2
Other			—				—				—
Total		$	—			$	219			$	219

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, 2025 and March 31, 2024.

Schedule of Unfunded Commitments

(Dollars in thousands)		Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2024		$	480
Release of allowance for unfunded commitments			(24	)
Balance, March 31, 2025		$	456
(Dollars in thousands)		Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2023		$	597
Release of allowance for unfunded commitments			(85	)
Balance, March 31, 2024		$	512

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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

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