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Loans (Tables) | 6 Months Ended
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Jun. 30, 2024
Loans |
Summary of classes of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Commercial real estate | ​ | $ | 701,460 | ​ | $ | 668,122
Commercial business | ​ |  | 119,020 | ​ |  | 115,348
Construction - commercial real estate | ​ |  | 120,208 | ​ |  | 69,768
Land acquisition and development | ​ |  | 31,355 | ​ |  | 29,064
Builder lines | ​ |  | 21,727 | ​ |  | 24,668
Construction - consumer real estate | ​ | ​ | 16,481 | ​ | ​ | 11,223
Residential mortgage | ​ | ​ | 308,790 | ​ | ​ | 293,256
Equity lines | ​ | ​ | 56,835 | ​ | ​ | 51,592
Other consumer | ​ | ​ | 10,956 | ​ | ​ | 10,588
Consumer finance - automobiles | ​ | ​ | 406,833 | ​ | ​ | 401,276
Consumer finance - marine and recreational vehicles | ​ |  | 71,511 | ​ |  | 67,234
Subtotal | ​ |  | 1,865,176 | ​ |  | 1,742,139
Less allowance for credit losses | ​ |  | (40,343) | ​ |  | (39,651)
Loans, net | ​ | $ | 1,824,833 | ​ | $ | 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 | ​ | $ | — | ​ | $ | 191 | ​ | $ | — | ​ | $ | 191 | ​ | $ | 701,269 | ​ | $ | 701,460 | ​ | $ | —
Commercial business | ​ |  | 77 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 77 | ​ | ​ | 118,943 | ​ | ​ | 119,020 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 120,208 | ​ | ​ | 120,208 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 31,355 | ​ | ​ | 31,355 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 21,727 | ​ | ​ | 21,727 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 517 | ​ | ​ | 517 | ​ | ​ | 15,964 | ​ | ​ | 16,481 | ​ | ​ | —
Residential mortgage | ​ | ​ | 2,415 | ​ | ​ | 86 | ​ | ​ | 391 | ​ | ​ | 2,892 | ​ | ​ | 305,898 | ​ | ​ | 308,790 | ​ | ​ | 118
Equity lines | ​ | ​ | 192 | ​ | ​ | — | ​ | ​ | 97 | ​ | ​ | 289 | ​ | ​ | 56,546 | ​ | ​ | 56,835 | ​ | ​ | 47
Other consumer | ​ | ​ | 19 | ​ | ​ | 27 | ​ | ​ | — | ​ | ​ | 46 | ​ | ​ | 10,910 | ​ | ​ | 10,956 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 13,565 | ​ | ​ | 2,095 | ​ | ​ | 780 | ​ | ​ | 16,440 | ​ | ​ | 390,393 | ​ | ​ | 406,833 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 217 | ​ | ​ | 119 | ​ | ​ | 22 | ​ | ​ | 358 | ​ | ​ | 71,153 | ​ | ​ | 71,511 | ​ | ​ | —
Total | ​ | $ | 16,485 | ​ | $ | 2,518 | ​ | $ | 1,807 | ​ | $ | 20,810 | ​ | $ | 1,844,366 | ​ | $ | 1,865,176 | ​ | $ | 165
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(Dollars in thousands) |  | 2024 | ​ | 2023
Construction - consumer real estate | ​ | $ | 517 | ​ | $ | —
Residential mortgage | ​ | ​ | 531 | ​ | ​ | 320
Equity lines | ​ | ​ | 50 | ​ | ​ | 77
Other consumer | ​ | ​ | — | ​ | ​ | 9
Consumer finance - automobiles | ​ | ​ | 780 | ​ | ​ | 892
Consumer finance - marine and recreational vehicles | ​ | ​ | 22 | ​ | ​ | —
Total | ​ | $ | 1,900 | ​ | $ | 1,298
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2024 | ​ | ​ | ​ | Six Months Ended June 30, 2024 | ​
​ | ​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | ​ | ​ | Class of | ​ | ​ | ​ | ​ | ​ | Class of | ​
​ | ​ | Amortized | ​ | Financing | ​ | ​ | ​ | Amortized | ​ | Financing | ​
(Dollars in thousands) |  | Cost | ​ | Receivable | ​ | ​ | ​ | Cost | ​ | Receivable | ​
Term Extension | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage | ​ | $ | — | ​ | ​ | — | % | ​ | ​ | $ | 340 | ​ | ​ | 0.1 | %
Total Term Extension | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | ​ | $ | 340 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage | ​ | $ | — | ​ | ​ | — | % | ​ | ​ | $ | 18 | ​ | ​ | — | %
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | ​ | $ | 18 | ​ | ​ | ​ | ​
Total | ​ | $ | — | ​ | ​ | — | % | ​ | ​ | $ | 358 | ​ | ​ | — | %
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2023 | ​ | ​ | ​ | Six Months Ended June 30, 2023 | ​
​ | ​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | ​ | ​ | Class of | ​ | ​ | ​ | ​ | ​ | Class of | ​
​ | ​ | Amortized | ​ | Financing | ​ | ​ | ​ | Amortized | ​ | Financing | ​
(Dollars in thousands) |  | Cost | ​ | Receivable | ​ | ​ | ​ | Cost | ​ | Receivable | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | — | ​ | ​ | — | % | ​ | ​ | $ | 47 | ​ | ​ | — | %
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | ​ | $ | 47 | ​ | ​ | ​ | ​
Total | ​ | $ | — | ​ | ​ | — | % | ​ | ​ | $ | 47 | ​ | ​ | — | %
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended June 30, 2024 | ​ | ​ | Six Months Ended June 30, 2024
​ | 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)
Residential mortgage | ​ | — | % | ​ | — | ​ | ​ | ​ | 1.51 | % | ​ | 6.9
Total | ​ | — | % | ​ | — | ​ | ​ | ​ | 1.51 | % | ​ | 6.9
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended June 30, 2023 | ​ | ​ | Six Months Ended June 30, 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
Total | ​ | — | % | ​ | — | ​ | ​ | ​ | 0.75 | % | ​ | 4.9
​

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