Loan Quality And Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 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 September 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)	$	4,234	$	9,675	$	8,184	$	10,482	$	8,625	$	21,049	$	3,411	$	—	$	65,660
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		—		—		—		—		—		—		—		—
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total Commercial		4,234		9,675		8,184		10,482		8,625		21,049		3,411		—		65,660
Consumer:
Performing		30,731		64,035		31,664		14,565		9,198		28,896		52,232		18,741		250,062
Nonperforming		—		—		—		—		—		—		38		—		38
Total Consumer		30,731		64,035		31,664		14,565		9,198		28,896		52,270		18,741		250,100
Total	$	34,965	$	73,710	$	39,848	$	25,047	$	17,823	$	49,945	$	55,681	$	18,741	$	315,760
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential real estate construction:
Commercial:
Risk rating:
Pass (1-5)	$	4,766	$	5,034	$	403	$	963	$	171	$	1,009	$	—	$	—	$	12,346
OAEM (6)		—		—		—		—		—		—		—		—		—
Substandard (7)		—		—		—		—		—		—		—		—		—
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total Commercial		4,766		5,034		403		963		171		1,009		—		—		12,346
Consumer:
Performing		11,734		4,418		—		—		—		—		—		—		16,152
Nonperforming		—		—		—		—		—		—		—		—		—
Total Consumer		11,734		4,418		—		—		—		—		—		—		16,152
Total	$	16,500	$	9,452	$	403	$	963	$	171	$	1,009	$	—	$	—	$	28,498
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate:
Risk rating:
Pass (1-5)	$	59,106	$	214,677		106,382		94,819	$	33,483	$	227,850	$	13,773	$	—	$	750,090
OAEM (6)		—		2,913		2,052		1,717		6,671		1,061		94		—		14,508
Substandard (7)		—		5,929		—		—		—		2,048		50		—		8,027
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total	$	59,106	$	223,519	$	108,434	$	96,536	$	40,154	$	230,959	$	13,917	$	—	$	772,625
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	(2)	$	—	$	—	$	(2)

Commercial:
Risk rating:
Pass (1-5)	$	11,914	$	28,812	$	28,968	$	40,361	$	19,004	$	62,461	$	47,542	$	—	$	239,062
OAEM (6)		—		11		434		1,543		12		—		250		—		2,250
Substandard (7)		—		—		208		—		—		—		108		—		316
Doubtful (8)		—		—		—		—		—		—		—		—		—
Total	$	11,914	$	28,823	$	29,610	$	41,904	$	19,016	$	62,461	$	47,900	$	—	$	241,628
Current period gross charge-offs	$	(10)	$	—	$	(79)	$	—	$	—	$	—	$	(62)	$	—	$	(151)

Consumer:
Performing		1,710		1,311		450		1,754		54		34		2,064		—		7,377
Nonperforming		—		—		—		2		—		—		3		—		5
Total	$	1,710	$	1,311	$	450	$	1,756	$	54	$	34	$	2,067	$	—	$	7,382
Current period gross charge-offs	$	(35)	$	—	$	(2)	$	(2)	$	(6)	$	(2)	$	(24)	$	—	$	(71)

‎



(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



	September 30, 2024						December 31, 2023
(Dollars in thousands)	Nonaccrual and Loans past due 90 Days or more						Nonaccrual and Loans past due 90 Days or more
					Loans past due						Loans past due
	Nonaccrual		Nonaccrual		90 Days or more		Nonaccrual		Nonaccrual		90 Days or more
	Without ACL		With ACL		Still Accruing		Without ACL		With ACL		Still Accruing
September 30, 2024
Residential Real Estate 1-4 Family
First liens	$	—	$	—	$	38	$	—	$	—	$	—
Junior liens and lines of credit		—		—		—		—		—		—
Total		—		—		38		—		—		—
Residential real estate - construction		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Commercial		—		308		—		147		—		—
Consumer		—		—		5		—		—		5
Total	$	—	$	308	$	43	$	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
September 30, 2024
Residential Real Estate 1-4 Family
First liens	$	180	$	484	$	38	$	702	$	234,325	$	235,027
Junior liens and lines of credit		237		189		—		426		80,307		80,733
Total		417		673		38		1,128		314,632		315,760
Residential real estate - construction		—		—		—		—		28,498		28,498
Commercial real estate		220		266		—		486		772,139		772,625
Commercial		122		—		308		430		241,198		241,628
Consumer		22		6		5		33		7,349		7,382
Total	$	781	$	945	$	351	$	2,077	$	1,363,816	$	1,365,893



	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 June 30, 2024	$	1,384	$	429	$	318	$	11,423	$	3,364	$	100	$	—	$	17,018
Charge-offs		—		—		—		—		(2)		(25)		—		(27)
Recoveries		—		—		4		3		32		3		—		42
Provision		81		26		9		230		95		33		—		474
ACL at September 30, 2024	$	1,465	$	455	$	331	$	11,656	$	3,489	$	111	$	—	$	17,507

ACL at December 31, 2023	$	1,296	$	419	$	296	$	10,657	$	3,290	$	94	$	—	$	16,052
Charge-offs		—		—		—		(2)		(151)		(71)		—		(224)
Recoveries		—		—		11		3		112		29		—		155
Provision		169		36		24		998		238		59		—		1,524
ACL at September 30, 2024	$	1,465	$	455	$	331	$	11,656	$	3,489	$	111	$	—	$	17,507

ACL at June 30, 2023	$	1,720	$	683	$	177	$	9,083	$	2,854	$	98	$	—	$	14,615
Charge-offs		—		—		—		—		(2)		(21)		—		(23)
Recoveries		—		—		4		—		15		51		—		70
Provision		(519)		(265)		61		1,124		503		(38)		—		866
ACL at September 30, 2023	$	1,201	$	418	$	242	$	10,207	$	3,370	$	90	$	—	$	15,528

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		—		—		—		—		(89)		(97)		—		(186)
Recoveries		2		—		46		—		94		76		—		218
Provision		(356)		(309)		(52)		2,130		426		18		—		1,857
ACL at September 30, 2023	$	1,201	$	418	$	242	$	10,207	$	3,370	$	90	$	—	$	15,528