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v3.25.1

Loans (Tables) | 3 Months Ended
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Mar. 31, 2025
Loans |
Summary of classes of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(Dollars in thousands) |  | 2025 |  | 2024
Commercial real estate | ​ | $ | 758,310 | ​ | $ | 734,182
Commercial business | ​ |  | 106,844 | ​ |  | 104,947
Construction - commercial real estate | ​ |  | 121,140 | ​ |  | 132,717
Land acquisition and development | ​ |  | 46,042 | ​ |  | 46,072
Builder lines | ​ |  | 42,720 | ​ |  | 35,605
Construction - consumer real estate | ​ | ​ | 21,188 | ​ | ​ | 18,799
Residential mortgage | ​ | ​ | 308,549 | ​ | ​ | 308,809
Equity lines | ​ | ​ | 66,440 | ​ | ​ | 62,204
Other consumer | ​ | ​ | 9,957 | ​ | ​ | 10,270
Consumer finance - automobiles | ​ | ​ | 396,590 | ​ | ​ | 398,651
Consumer finance - marine and recreational vehicles | ​ |  | 65,546 | ​ |  | 68,142
Subtotal | ​ |  | 1,943,326 | ​ |  | 1,920,398
Less allowance for credit losses | ​ |  | (40,043) | ​ |  | (40,087)
Loans, net | ​ | $ | 1,903,283 | ​ | $ | 1,880,311
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 | ​ | $ | — | ​ | $ | 21 | ​ | $ | — | ​ | $ | 21 | ​ | $ | 758,289 | ​ | $ | 758,310 | ​ | $ | —
Commercial business | ​ |  | 10 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10 | ​ | ​ | 106,834 | ​ | ​ | 106,844 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121,140 | ​ | ​ | 121,140 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 46,042 | ​ | ​ | 46,042 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 42,720 | ​ | ​ | 42,720 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 21,188 | ​ | ​ | 21,188 | ​ | ​ | —
Residential mortgage | ​ | ​ | 1,694 | ​ | ​ | — | ​ | ​ | 1,066 | ​ | ​ | 2,760 | ​ | ​ | 305,789 | ​ | ​ | 308,549 | ​ | ​ | 111
Equity lines | ​ | ​ | 328 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 328 | ​ | ​ | 66,112 | ​ | ​ | 66,440 | ​ | ​ | —
Other consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9,957 | ​ | ​ | 9,957 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 11,438 | ​ | ​ | 1,437 | ​ | ​ | 911 | ​ | ​ | 13,786 | ​ | ​ | 382,804 | ​ | ​ | 396,590 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 99 | ​ | ​ | 139 | ​ | ​ | 64 | ​ | ​ | 302 | ​ | ​ | 65,244 | ​ | ​ | 65,546 | ​ | ​ | —
Total | ​ | $ | 13,569 | ​ | $ | 1,597 | ​ | $ | 2,041 | ​ | $ | 17,207 | ​ | $ | 1,926,119 | ​ | $ | 1,943,326 | ​ | $ | 111
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 | ​ | $ | 26 | ​ | $ | — | ​ | $ | — | ​ | $ | 26 | ​ | $ | 734,156 | ​ | $ | 734,182 | ​ | $ | —
Commercial business | ​ |  | 29 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 29 | ​ | ​ | 104,918 | ​ | ​ | 104,947 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 132,717 | ​ | ​ | 132,717 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 46,072 | ​ | ​ | 46,072 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35,605 | ​ | ​ | 35,605 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | 747 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 747 | ​ | ​ | 18,052 | ​ | ​ | 18,799 | ​ | ​ | —
Residential mortgage | ​ | ​ | 1,012 | ​ | ​ | 1,076 | ​ | ​ | 426 | ​ | ​ | 2,514 | ​ | ​ | 306,295 | ​ | ​ | 308,809 | ​ | ​ | 334
Equity lines | ​ | ​ | 85 | ​ | ​ | — | ​ | ​ | 76 | ​ | ​ | 161 | ​ | ​ | 62,043 | ​ | ​ | 62,204 | ​ | ​ | 76
Other consumer | ​ | ​ | 9 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 10,261 | ​ | ​ | 10,270 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 14,703 | ​ | ​ | 2,650 | ​ | ​ | 599 | ​ | ​ | 17,952 | ​ | ​ | 380,699 | ​ | ​ | 398,651 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 215 | ​ | ​ | 22 | ​ | ​ | 15 | ​ | ​ | 252 | ​ | ​ | 67,890 | ​ | ​ | 68,142 | ​ | ​ | —
Total | ​ | $ | 16,826 | ​ | $ | 3,748 | ​ | $ | 1,116 | ​ | $ | 21,690 | ​ | $ | 1,898,708 | ​ | $ | 1,920,398 | ​ | $ | 410
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) |  | 2025 | ​ | 2024
Residential mortgage | ​ | $ | 1,189 | ​ | $ | 333
Consumer finance - automobiles | ​ | ​ | 911 | ​ | ​ | 599
Consumer finance - marine and recreational vehicles | ​ | ​ | 64 | ​ | ​ | 15
Total | ​ | $ | 2,164 | ​ | $ | 947
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2024 | ​ | ​ | ​
​ | ​ | ​ | % of Total | ​ | ​ | ​
​ | ​ | Amortized | Class of | ​ | ​ | ​
(Dollars in thousands) |  | Cost | Loans | ​ | ​ | ​
Term Extension | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage | ​ | $ | 341 | ​ | 0.1 | % | ​ | ​
Total Term Extension | ​ | $ | 341 | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage | ​ | $ | 19 | ​ | 0.0 | % | ​ | ​
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | 19 | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 360 | ​ | 0.1 | % | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended March 31, 2024
​ | ​ | ​ | Weighted- | ​ | Weighted-
​ | ​ | ​ | Average | ​ | Average
​ | ​ | ​ | Interest Rate | ​ | Term Extension
(Dollars in thousands) | ​ | ​ | Reduction | ​ | (in years)
Residential mortgage | ​ | ​ | ​ | 1.51 | % | ​ | 6.9
Total | ​ | ​ | ​ | 1.51 | % | ​ | 6.9
​

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