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Loans (Tables) | 3 Months Ended
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Mar. 31, 2024
Loans |
Summary of classes of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Commercial real estate | ​ | $ | 693,603 | ​ | $ | 668,122
Commercial business | ​ |  | 116,236 | ​ |  | 115,348
Construction - commercial real estate | ​ |  | 96,916 | ​ |  | 69,768
Land acquisition and development | ​ |  | 29,644 | ​ |  | 29,064
Builder lines | ​ |  | 28,363 | ​ |  | 24,668
Construction - consumer real estate | ​ | ​ | 12,471 | ​ | ​ | 11,223
Residential mortgage | ​ | ​ | 300,178 | ​ | ​ | 293,256
Equity lines | ​ | ​ | 54,463 | ​ | ​ | 51,592
Other consumer | ​ | ​ | 9,450 | ​ | ​ | 10,588
Consumer finance - automobiles | ​ | ​ | 407,280 | ​ | ​ | 401,276
Consumer finance - marine and recreational vehicles | ​ |  | 68,823 | ​ |  | 67,234
Subtotal | ​ |  | 1,817,427 | ​ |  | 1,742,139
Less allowance for credit losses | ​ |  | (40,200) | ​ |  | (39,651)
Loans, net | ​ | $ | 1,777,227 | ​ | $ | 1,702,488
Schedule of past due status of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | 90+ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90+ Days
​ | ​ | Days | ​ | Days | ​ | Days | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Past Due and
(Dollars in thousands) |  | Past Due | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Current1 | ​ | Total Loans | ​ | Accruing
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 693,603 | ​ | $ | 693,603 | ​ | $ | —
Commercial business | ​ |  | 9 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 116,227 | ​ | ​ | 116,236 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 96,916 | ​ | ​ | 96,916 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 29,644 | ​ | ​ | 29,644 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,363 | ​ | ​ | 28,363 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,471 | ​ | ​ | 12,471 | ​ | ​ | —
Residential mortgage | ​ | ​ | 780 | ​ | ​ | — | ​ | ​ | 216 | ​ | ​ | 996 | ​ | ​ | 299,182 | ​ | ​ | 300,178 | ​ | ​ | 216
Equity lines | ​ | ​ | 457 | ​ | ​ | — | ​ | ​ | 161 | ​ | ​ | 618 | ​ | ​ | 53,845 | ​ | ​ | 54,463 | ​ | ​ | 62
Other consumer | ​ | ​ | 78 | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 87 | ​ | ​ | 9,363 | ​ | ​ | 9,450 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 10,782 | ​ | ​ | 1,330 | ​ | ​ | 705 | ​ | ​ | 12,817 | ​ | ​ | 394,463 | ​ | ​ | 407,280 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 385 | ​ | ​ | — | ​ | ​ | 36 | ​ | ​ | 421 | ​ | ​ | 68,402 | ​ | ​ | 68,823 | ​ | ​ | —
Total | ​ | $ | 12,491 | ​ | $ | 1,330 | ​ | $ | 1,127 | ​ | $ | 14,948 | ​ | $ | 1,802,479 | ​ | $ | 1,817,427 | ​ | $ | 278
1 | For the purposes of the table above, “Current” includes loans that are 1-29 days past due. |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | 90+ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90+ Days
​ | ​ | Days | ​ | Days | ​ | Days | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Past Due and
(Dollars in thousands) |  | Past Due | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Current1 | ​ | Total Loans | ​ | Accruing
Commercial real estate | ​ | $ | 92 | ​ | $ | — | ​ | $ | — | ​ | $ | 92 | ​ | $ | 668,030 | ​ | $ | 668,122 | ​ | $ | —
Commercial business | ​ |  | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 1 | ​ | ​ | 115,347 | ​ | ​ | 115,348 | ​ | ​ | 1
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 69,768 | ​ | ​ | 69,768 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 29,064 | ​ | ​ | 29,064 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24,668 | ​ | ​ | 24,668 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,223 | ​ | ​ | 11,223 | ​ | ​ | —
Residential mortgage | ​ | ​ | 1,643 | ​ | ​ | 387 | ​ | ​ | 273 | ​ | ​ | 2,303 | ​ | ​ | 290,953 | ​ | ​ | 293,256 | ​ | ​ | 89
Equity lines | ​ | ​ | 215 | ​ | ​ | 103 | ​ | ​ | 115 | ​ | ​ | 433 | ​ | ​ | 51,159 | ​ | ​ | 51,592 | ​ | ​ | 38
Other consumer | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 12 | ​ | ​ | 10,576 | ​ | ​ | 10,588 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 15,263 | ​ | ​ | 2,628 | ​ | ​ | 892 | ​ | ​ | 18,783 | ​ | ​ | 382,493 | ​ | ​ | 401,276 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 282 | ​ | ​ | 115 | ​ | ​ | — | ​ | ​ | 397 | ​ | ​ | 66,837 | ​ | ​ | 67,234 | ​ | ​ | —
Total | ​ | $ | 17,498 | ​ | $ | 3,233 | ​ | $ | 1,290 | ​ | $ | 22,021 | ​ | $ | 1,720,118 | ​ | $ | 1,742,139 | ​ | $ | 128
1For the purposes of the table above, “Current” includes loans that are 1-29 days past due.
Schedule of loans on nonaccrual status | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(Dollars in thousands) |  | 2024 | ​ | 2023
Residential mortgage | ​ | $ | 441 | ​ | $ | 320
Equity lines | ​ | ​ | 99 | ​ | ​ | 77
Other consumer | ​ | ​ | 10 | ​ | ​ | 9
Consumer finance - automobiles | ​ | ​ | 705 | ​ | ​ | 892
Consumer finance - marine and recreational vehicles | ​ | ​ | 36 | ​ | ​ | —
Total | ​ | $ | 1,291 | ​ | $ | 1,298
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2024 | ​ | ​ | ​ | Three Months Ended March 31, 2023 | ​
​ | ​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | ​ | ​ | Class of | ​ | ​ | ​ | ​ | ​ | Class of | ​
​ | ​ | Amortized | ​ | Financing | ​ | ​ | ​ | Amortized | ​ | Financing | ​
(Dollars in thousands) |  | Cost | ​ | Receivable | ​ | ​ | ​ | Cost | ​ | Receivable | ​
Term Extension | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage | ​ | $ | 341 | ​ | ​ | 0.1 | % | ​ | ​ | $ | — | ​ | ​ | — | %
Total Term Extension | ​ | $ | 341 | ​ | ​ | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | — | ​ | ​ | — | % | ​ | ​ | $ | 47 | ​ | ​ | — | %
Residential mortgage | ​ | ​ | 19 | ​ | ​ | — | ​ | ​ | ​ | ​ | — | ​ | ​ | — | ​
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | 19 | ​ | ​ | ​ | ​ | ​ | ​ | $ | 47 | ​ | ​ | ​ | ​
Total | ​ | $ | 360 | ​ | ​ | 0.1 | % | ​ | ​ | $ | 47 | ​ | ​ | — | %
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31, 2024 | ​ | ​ | Three Months Ended March 31, 2023
​ | Weighted- | ​ | Weighted- | ​ | ​ | Weighted- | ​ | Weighted-
​ | Average | ​ | Average | ​ | ​ | Average | ​ | Average
​ | Interest Rate | ​ | Term Extension | ​ | ​ | Interest Rate | ​ | Term Extension
(Dollars in thousands) | Reduction | ​ | (in years) | ​ | ​ | Reduction | ​ | (in years)
Commercial real estate | ​ | — | % | ​ | — | ​ |  | ​ | 0.75 | % | ​ | 4.9
Residential mortgage | ​ | 1.51 | ​ | ​ | 6.9 | ​ | ​ | ​ | — | ​ | ​ | —
Total | ​ | 1.51 | % | ​ | 6.9 | ​ | ​ | ​ | 0.75 | % | ​ | 4.9
​

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