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Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 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

(362)

212

8,300

8,150

Loans charged off

(35)

(167)

(11,985)

(12,187)

Recoveries of loans previously charged off

36

107

3,253

3,396

Balance at September 30, 2025

$

12,986

$

4,184

$

22,276

$

39,446


								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			1,160			440			8,100			9,700
Loans charged off			—			(293)			(11,707)			(12,000)
Recoveries of loans previously charged off			28			125			3,267			3,420
Balance at September 30, 2024		$	13,503		$	4,030		$	23,238		$	40,771

Schedule of breakdown of provision for credit losses


		Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in thousands)		2025			2024			2025			2024
Provision for credit losses:
Provision for loans		$	3,000		$	3,700		$	8,150		$	9,700
Provision for unfunded commitments			(100)			—			(150)			50
Total		$	2,900		$	3,700		$	8,000		$	9,750

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		$	44,646		$	94,766		$	109,201		$	161,209		$	124,364		$	259,475		$	—		$	104		$	793,765
Total		$	44,646		$	94,766		$	109,201		$	161,209		$	124,364		$	259,475		$	—		$	104		$	793,765

Commercial business:
Loan Rating
Pass		$	6,715		$	8,130		$	11,029		$	13,327		$	11,660		$	28,199		$	28,422		$	53		$	107,535
Total		$	6,715		$	8,130		$	11,029		$	13,327		$	11,660		$	28,199		$	28,422		$	53		$	107,535

Construction - commercial real estate:
Loan Rating
Pass		$	5,581		$	65,853		$	41,243		$	6,399		$	—		$	—		$	—		$	—		$	119,076
Total		$	5,581		$	65,853		$	41,243		$	6,399		$	—		$	—		$	—		$	—		$	119,076

Land acquisition and development:
Loan Rating
Pass		$	8,596		$	44,532		$	—		$	371		$	—		$	6,223		$	—		$	—		$	59,722
Total		$	8,596		$	44,532		$	—		$	371		$	—		$	6,223		$	—		$	—		$	59,722

Builder lines:
Loan Rating
Pass		$	24,727		$	16,652		$	947		$	743		$	—		$	404		$	—		$	—		$	43,473
Total		$	24,727		$	16,652		$	947		$	743		$	—		$	404		$	—		$	—		$	43,473

Construction - consumer real estate:
Loan Rating
Pass		$	12,399		$	12,967		$	—		$	—		$	—		$	—		$	—		$	—		$	25,366
Total		$	12,399		$	12,967		$	—		$	—		$	—		$	—		$	—		$	—		$	25,366

Residential mortgage:
Loan Rating
Pass		$	29,747		$	55,123		$	50,886		$	73,473		$	34,744		$	69,171		$	—		$	—		$	313,144
Special Mention			—			—			22			—			206			173			—			—			401
Substandard			—			—			—			—			—			159			—			—			159
Substandard Nonaccrual			—			116			832			111			—			105			—			—			1,164
Total		$	29,747		$	55,239		$	51,740		$	73,584		$	34,950		$	69,608		$	—		$	—		$	314,868

Equity lines:
Loan Rating
Pass		$	—		$	—		$	—		$	—		$	—		$	496		$	70,089		$	566		$	71,151
Substandard			—			—			—			—			—			—			—			80			80
Total		$	—		$	—		$	—		$	—		$	—		$	496		$	70,089		$	646		$	71,231

Other consumer:
Loan Rating
Pass		$	3,774		$	3,024		$	1,558		$	1,112		$	109		$	319		$	47		$	—		$	9,943
Total		$	3,774		$	3,024		$	1,558		$	1,112		$	109		$	319		$	47		$	—		$	9,943

Total:
Loan Rating
Pass		$	136,185		$	301,047		$	214,864		$	256,634		$	170,877		$	364,287		$	98,558		$	723		$	1,543,175
Special Mention			—			—			22			—			206			173			—			—			401
Substandard			—			—			—			—			—			159			—			80			239
Substandard Nonaccrual			—			116			832			111			—			105			—			—			1,164
Total		$	136,185		$	301,163		$	215,718		$	256,745		$	171,083		$	364,724		$	98,558		$	803		$	1,544,979

1

Equity lines include $84,000 and $354,000 of revolving loans converted to term during the three and nine months ended September 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

$

16,854

$

16,592

$

7,107

$

5,234

$

1,371

$

171

$

—

$

—

$

47,329

Good

35,906

31,446

18,967

20,272

5,866

757

—

—

113,214

Fairly good

37,269

32,726

25,381

26,624

10,771

1,947

—

—

134,718

Fair

22,281

20,802

16,153

16,726

8,353

2,513

—

—

86,828

Marginal

4,940

4,130

3,264

3,680

3,053

1,379

—

—

20,446

Total

$

117,250

$

105,696

$

70,872

$

72,536

$

29,414

$

6,767

$

—

$

—

$

402,535

Consumer finance - marine and recreational vehicles:

Credit rating¹

Very good

$

1,368

$

6,632

$

5,229

$

11,234

$

6,702

$

9,395

$

—

$

—

$

40,560

Good

1,543

4,015

5,655

5,880

1,112

1,525

—

—

19,730

Fairly good

—

—

170

176

33

40

—

—

419

Total

$

2,911

$

10,647

$

11,054

$

17,290

$

7,847

$

10,960

$

—

$

—

$

60,709

Total:

Credit rating¹

Very good

$

18,222

$

23,224

$

12,336

$

16,468

$

8,073

$

9,566

$

—

$

—

$

87,889

Good

37,449

35,461

24,622

26,152

6,978

2,282

—

—

132,944

Fairly good

37,269

32,726

25,551

26,800

10,804

1,987

—

—

135,137

Fair

22,281

20,802

16,153

16,726

8,353

2,513

—

—

86,828

Marginal

4,940

4,130

3,264

3,680

3,053

1,379

—

—

20,446

Total

$

120,161

$

116,343

$

81,926

$

89,826

$

37,261

$

17,727

$

—

$

—

$

463,244

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		$	15		$	—		$	—		$	—		$	10		$	10		$	—		$	—		$	35
Residential mortgage			6			—			—			—			—			—			—			—			6
Other consumer¹			143			14			4			—			—			—			—			—			161
Consumer finance - automobiles			265			2,001			3,027			4,293			1,629			458			—			—			11,673
Consumer finance - marine and recreational vehicles			—			70			13			168			33			28			—			—			312
Total		$	429		$	2,085		$	3,044		$	4,461		$	1,672		$	496		$	—		$	—		$	12,187

1	Gross charge-offs of other consumer loans for the nine months ended September 30, 2025 included $142,000 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			204			19			5			—			—			62			—			—			290
Consumer finance - automobiles			367			2,275			5,053			2,691			457			573			—			—			11,416
Consumer finance - marine and recreational vehicles			—			56			160			34			27			14			—			—			291
Total		$	574		$	2,350		$	5,218		$	2,725		$	484		$	649		$	—		$	—		$	12,000

1	Gross charge-offs of other consumer loans for the nine months ended September 30, 2024 included $193,000 of demand deposit overdrafts that originated in 2024.