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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Allowance for Credit Losses

Schedule of changes in the allowance for credit and loan losses

Consumer

(Dollars in thousands)

Commercial

Consumer

Finance

Total

Balance at December 31, 2024

$

13,347

$

4,032

$

22,708

$

40,087

Provision charged to operations

69

81

2,900

3,050

Loans charged off

—

(61)

(4,073)

(4,134)

Recoveries of loans previously charged off

9

34

997

1,040

Balance at March 31, 2025

$

13,425

$

4,086

$

22,532

$

40,043


								Consumer
(Dollars in thousands)		Commercial			Consumer			Finance			Total
Balance at December 31, 2023		$	12,315		$	3,758		$	23,578		$	39,651
Provision charged to operations			535			65			3,000			3,600
Loans charged off			—			(101)			(4,103)			(4,204)
Recoveries of loans previously charged off			9			53			1,091			1,153
Balance at March 31, 2024		$	12,859		$	3,775		$	23,566		$	40,200

Schedule of breakdown of provision for credit losses


		Three Months Ended March 31,
(Dollars in thousands)		2025			2024
Provision for credit losses:
Provision for loans		$	3,050		$	3,600
Provision for unfunded commitments			(50)			(100)
Total		$	3,000		$	3,500

Schedule of loans by credit quality indicators


																				Revolving			Revolving
		Term Loans Recorded Balance by Origination Year																		Loans			Loans
																				Recorded			Converted
(Dollars in thousands)		2025			2024			2023			2022			2021			Prior			Balance			to Term¹			Total
Commercial real estate:
Loan Rating
Pass		$	8,888		$	92,993		$	104,927		$	157,865		$	128,864		$	263,728		$	—		$	108		$	757,373
Special Mention			—			—			—			—			—			937			—			—			937
Total		$	8,888		$	92,993		$	104,927		$	157,865		$	128,864		$	264,665		$	—		$	108		$	758,310

Commercial business:
Loan Rating
Pass		$	4,272		$	8,185		$	12,143		$	14,374		$	13,565		$	30,153		$	24,088		$	64		$	106,844
Total		$	4,272		$	8,185		$	12,143		$	14,374		$	13,565		$	30,153		$	24,088		$	64		$	106,844

Construction - commercial real estate:
Loan Rating
Pass		$	1,494		$	52,162		$	35,566		$	25,693		$	—		$	6,225		$	—		$	—		$	121,140
Total		$	1,494		$	52,162		$	35,566		$	25,693		$	—		$	6,225		$	—		$	—		$	121,140

Land acquisition and development:
Loan Rating
Pass		$	—		$	36,537		$	—		$	352		$	1,321		$	7,832		$	—		$	—		$	46,042
Total		$	—		$	36,537		$	—		$	352		$	1,321		$	7,832		$	—		$	—		$	46,042

Builder lines:
Loan Rating
Pass		$	11,660		$	26,771		$	3,062		$	822		$	—		$	405		$	—		$	—		$	42,720
Total		$	11,660		$	26,771		$	3,062		$	822		$	—		$	405		$	—		$	—		$	42,720

Construction - consumer real estate:
Loan Rating
Pass		$	1,219		$	18,430		$	1,539		$	—		$	—		$	—		$	—		$	—		$	21,188
Total		$	1,219		$	18,430		$	1,539		$	—		$	—		$	—		$	—		$	—		$	21,188

Residential mortgage:
Loan Rating
Pass		$	7,950		$	48,261		$	56,758		$	78,656		$	37,674		$	77,426		$	—		$	—		$	306,725
Special Mention			—			—			23			—			215			227			—			—			465
Substandard			—			—			—			—			—			170			—			—			170
Substandard Nonaccrual			—			122			864			92			—			111			—			—			1,189
Total		$	7,950		$	48,383		$	57,645		$	78,748		$	37,889		$	77,934		$	—		$	—		$	308,549

Equity lines:
Loan Rating
Pass		$	—		$	—		$	—		$	—		$	—		$	679		$	65,308		$	370		$	66,357
Substandard			—			—			—			—			—			—			—			83			83
Total		$	—		$	—		$	—		$	—		$	—		$	679		$	65,308		$	453		$	66,440

Other consumer:
Loan Rating
Pass		$	1,115		$	4,646		$	1,877		$	1,427		$	187		$	659		$	46		$	—		$	9,957
Total		$	1,115		$	4,646		$	1,877		$	1,427		$	187		$	659		$	46		$	—		$	9,957

Total:
Loan Rating
Pass		$	36,598		$	287,985		$	215,872		$	279,189		$	181,611		$	387,107		$	89,442		$	542		$	1,478,346
Special Mention			—			—			23			—			215			1,164			—			—			1,402
Substandard			—			—			—			—			—			170			—			83			253
Substandard Nonaccrual			—			122			864			92			—			111			—			—			1,189
Total		$	36,598		$	288,107		$	216,759		$	279,281		$	181,826		$	388,552		$	89,442		$	625		$	1,481,190

1

Equity lines include $98,000 of revolving loans converted to term during the three months ended March 31, 2025.


																				Revolving			Revolving
		Term Loans Recorded Balance by Origination Year																		Loans			Loans
																				Recorded			Converted
(Dollars in thousands)		2024			2023			2022			2021			2020			Prior			Balance			to Term¹			Total
Commercial real estate:
Loan Rating
Pass		$	91,330		$	80,445		$	161,794		$	131,071		$	110,055		$	158,437		$	—		$	110		$	733,242
Special Mention			—			—			—			—			—			940			—			—			940
Total		$	91,330		$	80,445		$	161,794		$	131,071		$	110,055		$	159,377		$	—		$	110		$	734,182

Commercial business:
Loan Rating
Pass		$	9,425		$	13,097		$	14,663		$	13,954		$	8,843		$	22,690		$	22,206		$	69		$	104,947
Total		$	9,425		$	13,097		$	14,663		$	13,954		$	8,843		$	22,690		$	22,206		$	69		$	104,947

Construction - commercial real estate:
Loan Rating
Pass		$	47,294		$	55,159		$	24,320		$	—		$	5,944		$	—		$	—		$	—		$	132,717
Total		$	47,294		$	55,159		$	24,320		$	—		$	5,944		$	—		$	—		$	—		$	132,717

Land acquisition and development:
Loan Rating
Pass		$	33,129		$	2,653		$	366		$	1,323		$	8,601		$	—		$	—		$	—		$	46,072
Total		$	33,129		$	2,653		$	366		$	1,323		$	8,601		$	—		$	—		$	—		$	46,072

Builder lines:
Loan Rating
Pass		$	30,651		$	3,120		$	1,430		$	—		$	—		$	404		$	—		$	—		$	35,605
Total		$	30,651		$	3,120		$	1,430		$	—		$	—		$	404		$	—		$	—		$	35,605

Construction - consumer real estate:
Loan Rating
Pass		$	16,472		$	2,327		$	—		$	—		$	—		$	—		$	—		$	—		$	18,799
Total		$	16,472		$	2,327		$	—		$	—		$	—		$	—		$	—		$	—		$	18,799

Residential mortgage:
Loan Rating
Pass		$	47,653		$	58,590		$	80,991		$	38,833		$	34,979		$	45,831		$	—		$	—		$	306,877
Special Mention			—			890			—			223			103			211			—			—			1,427
Substandard			—			—			—			—			—			172			—			—			172
Substandard Nonaccrual			125			—			92			—			—			116			—			—			333
Total		$	47,778		$	59,480		$	81,083		$	39,056		$	35,082		$	46,330		$	—		$	—		$	308,809

Equity lines:
Loan Rating
Pass		$	—		$	—		$	—		$	—		$	60		$	628		$	61,077		$	277		$	62,042
Special Mention			—			—			—			—			—			—			—			76			76
Substandard			—			—			—			—			—			—			—			86			86
Total		$	—		$	—		$	—		$	—		$	60		$	628		$	61,077		$	439		$	62,204

Other consumer:
Loan Rating
Pass		$	5,274		$	2,384		$	1,547		$	257		$	132		$	630		$	46		$	—		$	10,270
Total		$	5,274		$	2,384		$	1,547		$	257		$	132		$	630		$	46		$	—		$	10,270

Total:
Loan Rating
Pass		$	281,228		$	217,775		$	285,111		$	185,438		$	168,614		$	228,620		$	83,329		$	456		$	1,450,571
Special Mention			—			890			—			223			103			1,151			—			76			2,443
Substandard			—			—			—			—			—			172			—			86			258
Substandard Nonaccrual			125			—			92			—			—			116			—			—			333
Total		$	281,353		$	218,665		$	285,203		$	185,661		$	168,717		$	230,059		$	83,329		$	618		$	1,453,605

1

Commercial business and equity lines include $69,000 and $179,000, respectively, of revolving loans converted to term during the year ended December 31, 2024.

Revolving

Term Loans Recorded Balance by Origination Year

Loans

Revolving

Converted

(Dollars in thousands)

2025

2024

2023

2022

2021

Prior

Loans

to Term

Total

Consumer finance - automobiles:

Credit rating¹

Very good

$

5,000

$

20,311

$

9,061

$

7,018

$

1,991

$

371

$

—

$

—

$

43,752

Good

11,291

37,641

23,331

26,222

8,233

1,454

—

—

108,172

Fairly good

11,905

39,128

30,788

33,678

14,894

3,638

—

—

134,031

Fair

7,189

24,500

19,755

21,700

11,480

4,506

—

—

89,130

Marginal

1,280

4,790

3,972

4,865

4,214

2,384

—

—

21,505

Total

$

36,665

$

126,370

$

86,907

$

93,483

$

40,812

$

12,353

$

—

$

—

$

396,590

Consumer finance - marine and recreational vehicles:

Credit rating¹

Very good

$

267

$

7,656

$

6,020

$

12,196

$

7,660

$

10,900

$

—

$

—

$

44,699

Good

355

4,362

6,227

6,526

1,224

1,682

—

—

20,376

Fairly good

—

—

197

181

34

59

—

—

471

Total

$

622

$

12,018

$

12,444

$

18,903

$

8,918

$

12,641

$

—

$

—

$

65,546

Total:

Credit rating¹

Very good

$

5,267

$

27,967

$

15,081

$

19,214

$

9,651

$

11,271

$

—

$

—

$

88,451

Good

11,646

42,003

29,558

32,748

9,457

3,136

—

—

128,548

Fairly good

11,905

39,128

30,985

33,859

14,928

3,697

—

—

134,502

Fair

7,189

24,500

19,755

21,700

11,480

4,506

—

—

89,130

Marginal

1,280

4,790

3,972

4,865

4,214

2,384

—

—

21,505

Total

$

37,287

$

138,388

$

99,351

$

112,386

$

49,730

$

24,994

$

—

$

—

$

462,136

1	Credit ratings with a FICO score greater than 739 are considered Very Good, FICO scores ranging from 670-739 are considered Good, FICO scores ranging from 625-669 are considered Fairly Good, FICO scores ranging from 580-624 are considered Fair and FICO scores less than 580 are considered Marginal.


																							Revolving
		Term Loans Recorded Balance by Origination Year																					Loans
																				Revolving			Converted
(Dollars in thousands)		2024			2023			2022			2021			2020			Prior			Loans			to Term			Total
Consumer finance - automobiles:
Credit rating¹
Very good		$	22,161		$	10,039		$	7,971		$	2,359		$	426		$	77		$	—		$	—		$	43,033
Good			40,296			25,730			29,455			9,402			1,574			334			—			—			106,791
Fairly good			41,881			34,058			37,486			16,935			3,213			1,602			—			—			135,175
Fair			25,796			21,278			24,379			13,260			3,674			2,194			—			—			90,581
Marginal			5,049			4,383			5,621			4,856			1,681			1,481			—			—			23,071
Total		$	135,183		$	95,488		$	104,912		$	46,812		$	10,568		$	5,688		$	—		$	—		$	398,651

Consumer finance - marine and recreational vehicles:
Credit rating¹
Very good		$	8,124		$	6,283		$	12,670		$	8,003		$	7,927		$	3,754		$	—		$	—		$	46,761
Good			4,515			6,426			6,832			1,326			1,178			625			—			—			20,902
Fairly good			—			200			183			35			27			34			—			—			479
Total		$	12,639		$	12,909		$	19,685		$	9,364		$	9,132		$	4,413		$	—		$	—		$	68,142

Total:
Credit rating¹
Very good		$	30,285		$	16,322		$	20,641		$	10,362		$	8,353		$	3,831		$	—		$	—		$	89,794
Good			44,811			32,156			36,287			10,728			2,752			959			—			—			127,693
Fairly good			41,881			34,258			37,669			16,970			3,240			1,636			—			—			135,654
Fair			25,796			21,278			24,379			13,260			3,674			2,194			—			—			90,581
Marginal			5,049			4,383			5,621			4,856			1,681			1,481			—			—			23,071
Total		$	147,822		$	108,397		$	124,597		$	56,176		$	19,700		$	10,101		$	—		$	—		$	466,793

1	Credit ratings with a FICO score greater than 739 are considered Very Good, FICO scores ranging from 670-739 are considered Good, FICO scores ranging from 625-669 are considered Fairly Good, FICO scores ranging from 580-624 are considered Fair and FICO scores less than 580 are considered Marginal.


																							Revolving
		Current Period Gross Charge-offs by Origination Year																					Loans
																				Revolving			Converted
(Dollars in thousands)		2025			2024			2023			2022			2021			Prior			Loans			to Term			Total
Residential mortgage		$	6		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	6
Other consumer¹			45			10			—			—			—			—			—			—			55
Consumer finance - automobiles			—			593			1,004			1,616			587			196			—			—			3,996
Consumer finance - marine and recreational vehicles			—			—			13			52			10			2			—			—			77
Total		$	51		$	603		$	1,017		$	1,668		$	597		$	198		$	—		$	—		$	4,134

1	Gross charge-offs of other consumer loans for the three months ended March 31, 2025 included $45,000 of demand deposit overdrafts that originated in 2025.


																							Revolving
		Current Period Gross Charge-offs by Origination Year																					Loans
																				Revolving			Converted
(Dollars in thousands)		2024			2023			2022			2021			2020			Prior			Loans			to Term			Total
Residential mortgage		$	3		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	3
Other consumer¹			90			3			5			—			—			—			—			—			98
Consumer finance - automobiles			—			724			1,869			1,059			213			190			—			—			4,055
Consumer finance - marine and recreational vehicles			—			17			23			—			8			—			—			—			48
Total		$	93		$	744		$	1,897		$	1,059		$	221		$	190		$	—		$	—		$	4,204

1	Gross charge-offs of other consumer loans for the three months ended March 31, 2024 included $90,000 of demand deposit overdrafts that originated in 2024.