Loan Quality And Allowance For Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

Loan Quality And Allowance For Credit Losses [Abstract]

Schedule of loans by Year of origination and Internally Assigned Risk Ratings



(Dollars in thousands)													Revolving		Revolving
	Term Loans												Loans		Loans
	Amortized Cost Basis by Origination Year												Amortized		Converted
As of June 30, 2024	2024		2023		2022		2021		2020		Prior		Cost Basis		to Term		Total
Residential real estate 1-4 family:
Commercial:
Risk rating:
Pass (1-5)	$	2,903	$	9,737	$	8,484	$	10,766	$	9,189	$	21,759	$	3,490	$	—	$	66,328
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		—		—		—		—		—		—		—		—
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total Commercial		2,903		9,737		8,484		10,766		9,189		21,759		3,490		—		66,328
Consumer:
Performing		18,756		56,876		32,537		14,674		9,621		29,538		47,035		19,816		228,853
Nonperforming		—		—		106		280		—		436		387		—		1,209
Total Consumer		18,756		56,876		32,643		14,954		9,621		29,974		47,422		19,816		230,062
Total	$	21,659	$	66,613	$	41,127	$	25,720	$	18,810	$	51,733	$	50,912	$	19,816	$	296,390
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential real estate construction:
Commercial:
Risk rating:
Pass (1-5)	$	1,980	$	6,128	$	1,059	$	1,071	$	184	$	1,044	$	—	$	—	$	11,466
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		—		—		—		—		—		—		—		—
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total Commercial		1,980		6,128		1,059		1,071		184		1,044		—		—		11,466
Consumer:
Performing		4,811		10,993		—		—		—		—		—		—		15,804
Nonperforming		—		—		—		—		—		—		—		—		—
Total Consumer		4,811		10,993		—		—		—		—		—		—		15,804
Total	$	6,791	$	17,121	$	1,059	$	1,071	$	184	$	1,044	$	—	$	—	$	27,270
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate:
Risk rating:
Pass (1-5)	$	31,739	$	205,456	$	105,602	$	96,075	$	34,467	$	236,387	$	9,962	$	—	$	719,688
OAEM (6)		—		2,927		1,794		1,722		6,732		1,646		594		—		15,415
Substandard (7)		—		6,004		—		—		—		2,535		—		—		8,539
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total	$	31,739	$	214,387	$	107,396	$	97,797	$	41,199	$	240,568	$	10,556	$	—	$	743,642
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	(2)	$	—	$	—	$	(2)

Commercial:
Risk rating:
Pass (1-5)	$	8,962	$	30,446	$	30,653	$	41,822	$	20,944	$	65,039	$	43,050	$	—	$	240,916
OAEM (6)		—		12		448		1,586		14		—		240		—		2,300
Substandard (7)		—		—		215		—		1		—		196		—		412
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total	$	8,962	$	30,458	$	31,316	$	43,408	$	20,959	$	65,039	$	43,486	$	—	$	243,628
Current period gross charge-offs	$	(7)	$	—	$	(80)	$	—	$	—	$	—	$	(62)	$	—	$	(149)

Consumer:
Performing		1,491		1,401		509		1,836		82		48		1,977		—		7,344
Nonperforming		—		23		—		—		2		—		21		—		46
Total	$	1,491	$	1,424	$	509	$	1,836	$	84	$	48	$	1,998	$	—	$	7,390
Current period gross charge-offs	$	(21)	$	—	$	(2)	$	(2)	$	(6)	$	(1)	$	(14)	$	—	$	(46)

‎



(Dollars in thousands)													Revolving		Revolving
	Term Loans												Loans		Loans
	Amortized Cost Basis by Origination Year												Amortized		Converted
As of December 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		to Term		Total
Residential real estate 1-4 family:
Commercial:
Risk rating:
Pass (1-5)	$	9,867	$	9,088	$	11,038	$	9,691	$	2,433	$	22,906	$	2,057	$	—	$	67,080
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		—		—		—		—		—		—		—		—
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total Commercial		9,867		9,088		11,038		9,691		2,433		22,906		2,057		—		67,080
Consumer:
Performing		53,128		34,136		15,625		10,245		5,222		28,423		43,968		20,022		210,769
Nonperforming		—		—		—		—		—		—		—		—		—
Total Consumer		53,128		34,136		15,625		10,245		5,222		28,423		43,968		20,022		210,769
Total	$	62,995	$	43,224	$	26,663	$	19,936	$	7,655	$	51,329	$	46,025	$	20,022	$	277,849
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential real estate construction:
Commercial:
Risk rating:
Pass (1-5)	$	6,845	$	2,209	$	1,289	$	214	$	—	$	1,506	$	—	$	—	$	12,063
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		—		—		—		—		—		—		—		—
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total Commercial		6,845		2,209		1,289		214		—		1,506		—		—		12,063
Consumer:
Performing		13,837		—		—		—		—		—		—		—		13,837
Nonperforming		—		—		—		—		—		—		—		—		—
Total Consumer		13,837		—		—		—		—		—		—		—		13,837
Total	$	20,682	$	2,209	$	1,289	$	214	$	—	$	1,506	$	—	$	—	$	25,900
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate:
Risk rating:
Pass (1-5)	$	180,052	$	110,886	$	98,540	$	34,307	$	38,603	$	214,179	$	10,567	$	—	$	687,134
OAEM (6)		2,955		1,350		1,000		6,823		—		2,182		139		—		14,449
Substandard (7)		—		—		—		—		—		2,134		50		—		2,184
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total	$	183,007	$	112,236	$	99,540	$	41,130	$	38,603	$	218,495	$	10,756	$	—	$	703,767
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial:
Risk rating:
Pass (1-5)	$	34,851	$	33,983	$	45,754	$	22,847	$	3,579	$	64,542	$	36,508	$	—	$	242,064
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		317		—		—		—		—		273		—		590
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total	$	34,851	$	34,300	$	45,754	$	22,847	$	3,579	$	64,542	$	36,781	$	—	$	242,654
Current period gross charge-offs	$	(125)	$	—	$	(130)	$	—	$	—	$	—	$	(50)	$	—	$	(305)

Consumer:
Performing		1,863		669		1,985		148		80		5		2,060		—		6,810
Nonperforming		—		—		—		—		—		—		5		—		5
Total	$	1,863	$	669	$	1,985	$	148	$	80	$	5	$	2,065	$	—	$	6,815
Current period gross charge-offs	$	(63)	$	—	$	(10)	$	(2)	$	(6)	$	—	$	(36)	$	—	$	(117)

Schedule of nonaccrual loans and loans past due over 90 days and still on accrual by class of loans



	June 30, 2024						December 31, 2023
(Dollars in thousands)	Nonaccrual and Loans Past Due Over 90 Days+						Nonaccrual and Loans Past Due Over 90 Days+
					Loans Past Due						Loans Past Due
	Nonaccrual		Nonaccrual		Over 90 Days		Nonaccrual		Nonaccrual		Over 90 Days
	Without ACL		With ACL		Still Accruing		Without ACL		With ACL		Still Accruing
June 30, 2024
Residential Real Estate 1-4 Family
First liens	$	—	$	—	$	41	$	—	$	—	$	—
Junior liens and lines of credit		—		—		30		—		—		—
Total		—		—		71		—		—		—
Residential real estate - construction		—		—		—		—		—		—
Commercial real estate		407		—		—		—		—		—
Commercial		316		—		88		147		—		—
Consumer		—		—		6		—		—		5
Total	$	723	$	—	$	165	$	147	$	—	$	5

Aging Of Payments Of The Loan Portfolio



(Dollars in thousands)	Loans Past Due						Total				Total
	30-59 Days		60-89 Days		90 Days+		Past Due		Current		Loans
June 30, 2024
Residential Real Estate 1-4 Family
First liens	$	—	$	799	$	41	$	840	$	219,998	$	220,838
Junior liens and lines of credit		339		—		30		369		75,183		75,552
Total		339		799		71		1,209		295,181		296,390
Residential real estate - construction		—		—		—		—		27,270		27,270
Commercial real estate		356		854		407		1,617		742,025		743,642
Commercial		193		—		404		597		243,031		243,628
Consumer		37		3		6		46		7,344		7,390
Total	$	925	$	1,656	$	888	$	3,469	$	1,314,851	$	1,318,320



	Loans Past Due						Total				Total
	30-59 Days		60-89 Days		90 Days+		Past Due		Current		Loans
December 31, 2023
Residential Real Estate 1-4 Family
First liens	$	62	$	394	$	—	$	456	$	204,832	$	205,288
Junior liens and lines of credit		239		228		—		467		72,094		72,561
Total		301		622		—		923		276,926		277,849
Residential real estate - construction		—		—		—		—		25,900		25,900
Commercial real estate		3,232		—		—		3,232		700,535		703,767
Commercial		542		112		147		801		241,853		242,654
Consumer		21		12		5		38		6,777		6,815
Total	$	4,096	$	746	$	152	$	4,994	$	1,251,991	$	1,256,985

Allowance for Credit Losses (ACL), By Loan Segment



	Residential Real Estate 1-4 Family
	First		Junior Liens &				Commercial
(Dollars in thousands)	Liens		Lines of Credit		Construction		Real Estate		Commercial		Consumer		Unallocated		Total

ACL at March 31, 2024	$	1,308	$	415	$	337	$	11,057	$	3,324	$	92	$	—	$	16,533
Charge-offs		—		—		—		—		(83)		(18)		—		(101)
Recoveries		—		—		3		—		20		3		—		26
Provision		76		14		(22)		366		103		23		—		560
ACL at June 30, 2024	$	1,384	$	429	$	318	$	11,423	$	3,364	$	100	$	—	$	17,018

ACL at December 31, 2023	$	1,296	$	419	$	296	$	10,657	$	3,290	$	94	$	—	$	16,052
Charge-offs		—		—		—		(2)		(149)		(46)		—		(197)
Recoveries		—		—		7		—		80		26		—		113
Provision		88		10		15		768		143		26		—		1,050
ACL at June 30, 2024	$	1,384	$	429	$	318	$	11,423	$	3,364	$	100	$	—	$	17,018

ACL at March 31, 2023	$	1,624	$	690	$	190	$	8,236	$	3,275	$	94	$	—	$	14,109
Charge-offs		—		—		—		—		(1)		(42)		—		(43)
Recoveries		—		—		3		—		12		10		—		25
Provision		96		(7)		(16)		847		(432)		36		—		524
ACL at June 30, 2023	$	1,720	$	683	$	177	$	9,083	$	2,854	$	98	$	—	$	14,615

ACL at December 31, 2022	$	459	$	234	$	343	$	7,493	$	4,846	$	133	$	667	$	14,175
Impact of adopting ASU 2016-13		1,096		493		(95)		584		(1,907)		(40)		(667)		(536)
Charge-offs		—		—		—		—		(87)		(76)		—		(163)
Recoveries		2		—		42		—		79		25		—		148
Provision		163		(44)		(113)		1,006		(77)		56		—		991
ACL at June 30, 2023	$	1,720	$	683	$	177	$	9,083	$	2,854	$	98	$	—	$	14,615