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Loans (Tables) | 9 Months Ended
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Sep. 30, 2024
Loans |
Summary of classes of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Commercial real estate | ​ | $ | 701,647 | ​ | $ | 668,122
Commercial business | ​ |  | 115,410 | ​ |  | 115,348
Construction - commercial real estate | ​ |  | 155,072 | ​ |  | 69,768
Land acquisition and development | ​ |  | 33,774 | ​ |  | 29,064
Builder lines | ​ |  | 29,664 | ​ |  | 24,668
Construction - consumer real estate | ​ | ​ | 16,874 | ​ | ​ | 11,223
Residential mortgage | ​ | ​ | 310,595 | ​ | ​ | 293,256
Equity lines | ​ | ​ | 59,406 | ​ | ​ | 51,592
Other consumer | ​ | ​ | 9,667 | ​ | ​ | 10,588
Consumer finance – automobiles | ​ | ​ | 406,385 | ​ | ​ | 401,276
Consumer finance - marine and recreational vehicles | ​ |  | 70,915 | ​ |  | 67,234
Subtotal | ​ |  | 1,909,409 | ​ |  | 1,742,139
Less allowance for credit losses | ​ |  | (40,771) | ​ |  | (39,651)
Loans, net | ​ | $ | 1,868,638 | ​ | $ | 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 | ​ | $ | 89 | ​ | $ | 429 | ​ | $ | — | ​ | $ | 518 | ​ | $ | 701,129 | ​ | $ | 701,647 | ​ | $ | —
Commercial business | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 115,410 | ​ | ​ | 115,410 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 155,072 | ​ | ​ | 155,072 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 33,774 | ​ | ​ | 33,774 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 29,664 | ​ | ​ | 29,664 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 16,874 | ​ | ​ | 16,874 | ​ | ​ | —
Residential mortgage | ​ | ​ | 2,042 | ​ | ​ | 132 | ​ | ​ | 231 | ​ | ​ | 2,405 | ​ | ​ | 308,190 | ​ | ​ | 310,595 | ​ | ​ | 115
Equity lines | ​ | ​ | — | ​ | ​ | 174 | ​ | ​ | 89 | ​ | ​ | 263 | ​ | ​ | 59,143 | ​ | ​ | 59,406 | ​ | ​ | 89
Other consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9,667 | ​ | ​ | 9,667 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 12,826 | ​ | ​ | 2,408 | ​ | ​ | 1,008 | ​ | ​ | 16,242 | ​ | ​ | 390,143 | ​ | ​ | 406,385 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 228 | ​ | ​ | 107 | ​ | ​ | 93 | ​ | ​ | 428 | ​ | ​ | 70,487 | ​ | ​ | 70,915 | ​ | ​ | —
Total | ​ | $ | 15,185 | ​ | $ | 3,250 | ​ | $ | 1,421 | ​ | $ | 19,856 | ​ | $ | 1,889,553 | ​ | $ | 1,909,409 | ​ | $ | 204
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(Dollars in thousands) |  | 2024 | ​ | 2023
Commercial business | ​ | $ | 92 | ​ | $ | —
Residential mortgage | ​ | ​ | 516 | ​ | ​ | 320
Equity lines | ​ | ​ | 20 | ​ | ​ | 77
Other consumer | ​ | ​ | — | ​ | ​ | 9
Consumer finance - automobiles | ​ | ​ | 1,008 | ​ | ​ | 892
Consumer finance - marine and recreational vehicles | ​ | ​ | 93 | ​ | ​ | —
Total | ​ | $ | 1,729 | ​ | $ | 1,298
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2024 | ​ | ​ | ​ | Nine Months Ended September 30, 2024 | ​
​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | ​ | Class of | ​ | ​ | ​ | ​ | Class of | ​
​ | ​ | Amortized | Financing | ​ | ​ | ​ | Amortized | Financing | ​
(Dollars in thousands) |  | Cost | Receivable | ​ | ​ | ​ | Cost | Receivable | ​
Term Extension | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | 96 | ​ | 0.0 | % | ​ | ​ | $ | 96 | ​ | 0.0 | %
Residential mortgage | ​ | $ | — | ​ | — | ​ | ​ | ​ | $ | 336 | ​ | 0.1 | ​
Total Term Extension | ​ | $ | 96 | ​ | ​ | ​ | ​ | ​ | $ | 432 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage | ​ | $ | — | ​ | — | % | ​ | ​ | $ | 18 | ​ | 0.0 | %
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | $ | 18 | ​ | ​ | ​
Total | ​ | $ | 96 | ​ | 0.0 | % | ​ | ​ | $ | 450 | ​ | 0.0 | %
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2023 | ​ | ​ | ​ | Nine Months Ended September 30, 2023 | ​
​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | ​ | Class of | ​ | ​ | ​ | ​ | Class of | ​
​ | ​ | Amortized | Financing | ​ | ​ | ​ | Amortized | Financing | ​
(Dollars in thousands) |  | Cost | Receivable | ​ | ​ | ​ | Cost | Receivable | ​
Term Extension | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | 969 | ​ | 0.2 | % | ​ | ​ | $ | 969 | ​ | 0.2 | %
Residential mortgage | ​ | ​ | 71 | ​ | 0.0 | ​ | ​ | ​ | ​ | 71 | ​ | 0.0 | ​
Total Term Extension | ​ | $ | 1,040 | ​ | ​ | ​ | ​ | ​ | $ | 1,040 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | — | ​ | — | % | ​ | ​ | $ | 45 | ​ | 0.0 | %
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | $ | 45 | ​ | ​ | ​
Total | ​ | $ | 1,040 | ​ | 0.1 | % | ​ | ​ | $ | 1,085 | ​ | 0.1 | %
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, 2024 | ​ | ​ | Nine Months Ended September 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)
Commercial real estate | ​ | — | % | ​ | 1.0 | ​ |  | ​ | — | % | ​ | 1.0
Residential mortgage | ​ | — | ​ | ​ | — | ​ | ​ | ​ | 1.51 | ​ | ​ | 6.9
Total | ​ | — | % | ​ | 1.0 | ​ | ​ | ​ | 1.51 | % | ​ | 5.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, 2023 | ​ | ​ | Nine Months Ended September 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 | ​ | — | % | ​ | 2.0 | ​ |  | ​ | 0.75 | % | ​ | 2.1
Residential mortgage | ​ | — | ​ | ​ | 10.0 | ​ | ​ | ​ | — | ​ | ​ | 10.0
Total | ​ | — | % | ​ | 2.5 | ​ | ​ | ​ | 0.75 | % | ​ | 2.6
​

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