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Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 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

(324)

174

5,300

5,150

Loans charged off

(20)

(116)

(7,719)

(7,855)

Recoveries of loans previously charged off

23

77

2,096

2,196

Balance at June 30, 2025

$

13,026

$

4,167

$

22,385

$

39,578


								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			645			255			5,100			6,000
Loans charged off			—			(169)			(7,572)			(7,741)
Recoveries of loans previously charged off			18			98			2,317			2,433
Balance at June 30, 2024		$	12,978		$	3,942		$	23,423		$	40,343

Schedule of breakdown of provision for credit losses


		Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands)		2025			2024			2025			2024
Provision for credit losses:
Provision for loans		$	2,100		$	2,400		$	5,150		$	6,000
Provision for unfunded commitments			—			150			(50)			50
Total		$	2,100		$	2,550		$	5,100		$	6,050

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		$	29,902		$	90,989		$	104,270		$	156,431		$	125,692		$	256,213		$	106		$	—		$	763,603
Special Mention			—			—			—			—			—			21			—			—			21
Total		$	29,902		$	90,989		$	104,270		$	156,431		$	125,692		$	256,234		$	106		$	—		$	763,624

Commercial business:
Loan Rating
Pass		$	5,076		$	8,983		$	11,567		$	14,108		$	13,278		$	29,220		$	28,642		$	58		$	110,932
Total		$	5,076		$	8,983		$	11,567		$	14,108		$	13,278		$	29,220		$	28,642		$	58		$	110,932

Construction - commercial real estate:
Loan Rating
Pass		$	4,789		$	59,352		$	43,412		$	27,527		$	—		$	6,234		$	—		$	—		$	141,314
Total		$	4,789		$	59,352		$	43,412		$	27,527		$	—		$	6,234		$	—		$	—		$	141,314

Land acquisition and development:
Loan Rating
Pass		$	4,400		$	40,501		$	—		$	371		$	1,320		$	6,993		$	—		$	—		$	53,585
Total		$	4,400		$	40,501		$	—		$	371		$	1,320		$	6,993		$	—		$	—		$	53,585

Builder lines:
Loan Rating
Pass		$	17,760		$	23,992		$	1,781		$	821		$	—		$	404		$	—		$	—		$	44,758
Total		$	17,760		$	23,992		$	1,781		$	821		$	—		$	404		$	—		$	—		$	44,758

Construction - consumer real estate:
Loan Rating
Pass		$	5,813		$	18,030		$	—		$	—		$	—		$	—		$	—		$	—		$	23,843
Total		$	5,813		$	18,030		$	—		$	—		$	—		$	—		$	—		$	—		$	23,843

Residential mortgage:
Loan Rating
Pass		$	21,688		$	49,826		$	54,436		$	76,148		$	36,031		$	73,496		$	—		$	—		$	311,625
Special Mention			—			—			23			—			210			176			—			—			409
Substandard			—			—			—			—			—			164			—			—			164
Substandard Nonaccrual			—			119			848			—			—			108			—			—			1,075
Total		$	21,688		$	49,945		$	55,307		$	76,148		$	36,241		$	73,944		$	—		$	—		$	313,273

Equity lines:
Loan Rating
Pass		$	—		$	—		$	—		$	—		$	—		$	511		$	67,337		$	591		$	68,439
Substandard			—			—			—			—			—			—			—			80			80
Total		$	—		$	—		$	—		$	—		$	—		$	511		$	67,337		$	671		$	68,519

Other consumer:
Loan Rating
Pass		$	2,691		$	4,146		$	1,810		$	1,263		$	135		$	338		$	44		$	—		$	10,427
Total		$	2,691		$	4,146		$	1,810		$	1,263		$	135		$	338		$	44		$	—		$	10,427

Total:
Loan Rating
Pass		$	92,119		$	295,819		$	217,276		$	276,669		$	176,456		$	373,409		$	96,129		$	649		$	1,528,526
Special Mention			—			—			23			—			210			197			—			—			430
Substandard			—			—			—			—			—			164			—			80			244
Substandard Nonaccrual			—			119			848			—			—			108			—			—			1,075
Total		$	92,119		$	295,938		$	218,147		$	276,669		$	176,666		$	373,878		$	96,129		$	729		$	1,530,275

1

Equity lines include $249,000 and $345,000 of revolving loans converted to term during the three and six months ended June 30, 2025, respectively.


																				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

$

10,963

$

18,177

$

8,064

$

6,128

$

1,627

$

265

$

—

$

—

$

45,224

Good

23,200

34,163

20,839

23,398

7,018

1,066

—

—

109,684

Fairly good

23,863

36,040

28,064

30,152

12,609

2,673

—

—

133,401

Fair

14,902

22,568

17,953

19,293

9,855

3,447

—

—

88,018

Marginal

3,187

4,410

3,604

4,331

3,679

1,827

—

—

21,038

Total

$

76,115

$

115,358

$

78,524

$

83,302

$

34,788

$

9,278

$

—

$

—

$

397,365

Consumer finance - marine and recreational vehicles:

Credit rating¹

Very good

$

1,277

$

7,150

$

5,672

$

11,594

$

7,166

$

10,225

$

—

$

—

$

43,084

Good

1,435

4,149

5,883

6,242

1,200

1,584

—

—

20,493

Fairly good

—

—

194

179

34

41

—

—

448

Total

$

2,712

$

11,299

$

11,749

$

18,015

$

8,400

$

11,850

$

—

$

—

$

64,025

Total:

Credit rating¹

Very good

$

12,240

$

25,327

$

13,736

$

17,722

$

8,793

$

10,490

$

—

$

—

$

88,308

Good

24,635

38,312

26,722

29,640

8,218

2,650

—

—

130,177

Fairly good

23,863

36,040

28,258

30,331

12,643

2,714

—

—

133,849

Fair

14,902

22,568

17,953

19,293

9,855

3,447

—

—

88,018

Marginal

3,187

4,410

3,604

4,331

3,679

1,827

—

—

21,038

Total

$

78,827

$

126,657

$

90,273

$

101,317

$

43,188

$

21,128

$

—

$

—

$

461,390

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
Commercial business		$	—		$	—		$	—		$	—		$	10		$	10		$	—		$	—		$	20
Residential mortgage			6			—			—			—			—			—			—			—			6
Other consumer¹			96			10			4			—			—			—			—			—			110
Consumer finance - automobiles			71			1,238			1,968			2,777			1,062			350			—			—			7,466
Consumer finance - marine and recreational vehicles			—			56			13			152			10			22			—			—			253
Total		$	173		$	1,304		$	1,985		$	2,929		$	1,082		$	382		$	—		$	—		$	7,855

1	Gross charge-offs of other consumer loans for the six months ended June 30, 2025 included $96,000 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			147			11			5			—			—			3			—			—			166
Consumer finance - automobiles			78			1,370			3,383			1,846			312			405			—			—			7,394
Consumer finance - marine and recreational vehicles			—			40			103			8			27			—			—			—			178
Total		$	228		$	1,421		$	3,491		$	1,854		$	339		$	408		$	—		$	—		$	7,741

1	Gross charge-offs of other consumer loans for the six months ended June 30, 2024 included $137,000 of demand deposit overdrafts that originated in 2024.