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Loan Quality And Allowance For Credit Losses | 12 Months Ended
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Dec. 31, 2024
Loan Quality And Allowance For Credit Losses [Abstract] |
Loan Quality And Allowance For Credit Losses | Note 6. Loan Quality and Allowance for Credit Losses The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. Management utilizes a risk rating scale ranging from 1-Prime to 9-Loss to evaluate loan quality. This risk rating scale is used primarily for commercial purpose loans. Consumer purpose loans are identified as either performing or nonperforming based on the payment status of the loans. Nonperforming consumer loans are loans that are nonaccrual or 90 days or more past due and still accruing. The Bank uses the following definitions for risk ratings: Pass (1-5): are considered pass credits with lower or average risk and are not otherwise classified. OAEM (6): Loans classified as OAEM have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the borrower’s credit position at some future date. Substandard (7): Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful (8): Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the pool evaluation. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the sale of the collateral, the expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for any discounts and selling costs as appropriate. Management monitors loan performance on a monthly basis and performs a quarterly evaluation of the adequacy of the Allowance for Credit Loss for loans (ACL). The Bank begins enhanced monitoring of all loans rated 6–OAEM or worse and obtains a new appraisal or asset valuation for any loans placed on nonaccrual and rated 7 - Substandard or worse. Management, at its discretion, may determine that additional adjustments to the appraisal or valuation are required. Valuation adjustments will be made as necessary based on factors, including, but not limited to: the economy, deferred maintenance, industry, type of property/equipment, age of the appraisal, etc. and the knowledge Management has about a particular situation. In addition, the cost to sell or liquidate the collateral is also estimated and deducted from the valuation in order to determine the net realizable value to the Bank. When determining the ACL, certain factors involved in the evaluation are inherently subjective and require material estimates that may be susceptible to significant change, including the amounts and timing of future cash flows. Management monitors the adequacy of the ACL on an ongoing basis and reports its adequacy quarterly to the Enterprise Risk Management Committee of the Board of Directors. Management believes the ACL at December 31, 2024 is adequate. ‎ ‎ The following table presents loans by year of origination and internally assigned risk ratings as of December 31, 2024:
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  | Revolving |  |  |
|  | Term Loans |  | Loans |  | Loans |  |  |
|  | Amortized Cost Basis by Origination Year |  | Amortized |  | Converted |  |  |
As of December 31, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Cost Basis |  | to Term |  | Total
Residential real estate 1-4 family: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 5,306 |  | $ | 9,436 |  | $ | 7,529 |  | $ | 10,133 |  | $ | 8,099 |  | $ | 20,251 |  | $ | 4,079 |  | $ | — |  | $ | 64,833
OAEM (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 187 |  |  | — |  |  | 187
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Commercial |  |  | 5,306 |  |  | 9,436 |  |  | 7,529 |  |  | 10,133 |  |  | 8,099 |  |  | 20,251 |  |  | 4,266 |  |  | — |  |  | 65,020
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 36,214 |  |  | 67,248 |  |  | 31,290 |  |  | 14,303 |  |  | 9,014 |  |  | 27,744 |  |  | 54,147 |  |  | 17,855 |  |  | 257,815
Nonperforming |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Consumer |  |  | 36,214 |  |  | 67,248 |  |  | 31,290 |  |  | 14,303 |  |  | 9,014 |  |  | 27,744 |  |  | 54,147 |  |  | 17,855 |  |  | 257,815
Total |  | $ | 41,520 |  | $ | 76,684 |  | $ | 38,819 |  | $ | 24,436 |  | $ | 17,113 |  | $ | 47,995 |  | $ | 58,413 |  | $ | 17,855 |  | $ | 322,835
Current period gross charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Residential real estate construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 5,582 |  | $ | 3,306 |  | $ | 403 |  | $ | 1,150 |  | $ | 159 |  | $ | 1,085 |  | $ | — |  | $ | — |  | $ | 11,685
OAEM (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Commercial |  |  | 5,582 |  |  | 3,306 |  |  | 403 |  |  | 1,150 |  |  | 159 |  |  | 1,085 |  |  | — |  |  | — |  |  | 11,685
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 20,742 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20,742
Nonperforming |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Consumer |  |  | 20,742 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20,742
Total |  | $ | 26,324 |  | $ | 3,306 |  | $ | 403 |  | $ | 1,150 |  | $ | 159 |  | $ | 1,085 |  | $ | — |  | $ | — |  | $ | 32,427
Current period gross charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 95,410 |  | $ | 221,889 |  | $ | 106,385 |  | $ | 93,228 |  | $ | 32,546 |  | $ | 218,875 |  | $ | 16,290 |  | $ | — |  | $ | 784,623
OAEM (6) |  |  | — |  |  | — |  |  | 1,772 |  |  | 1,711 |  |  | 6,624 |  |  | — |  |  | — |  |  | — |  |  | 10,107
Substandard (7) |  |  | — |  |  | 6,301 |  |  | 266 |  |  | — |  |  | — |  |  | 2,018 |  |  | 50 |  |  | — |  |  | 8,635
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 95,410 |  | $ | 228,190 |  | $ | 108,423 |  | $ | 94,939 |  | $ | 39,170 |  | $ | 220,893 |  | $ | 16,340 |  | $ | — |  | $ | 803,365
Current period gross charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | (2) |  | $ | — |  | $ | — |  | $ | (2)
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 25,398 |  | $ | 16,289 |  | $ | 27,545 |  | $ | 37,927 |  | $ | 18,196 |  | $ | 60,126 |  | $ | 42,595 |  | $ | — |  | $ | 228,076
OAEM (6) |  |  | — |  |  | 11 |  |  | 420 |  |  | 1,500 |  |  | 9 |  |  | — |  |  | 250 |  |  | — |  |  | 2,190
Substandard (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 58 |  |  | — |  |  | 273 |  |  | — |  |  | 331
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 25,398 |  | $ | 16,300 |  | $ | 27,965 |  | $ | 39,427 |  | $ | 18,263 |  | $ | 60,126 |  | $ | 43,118 |  | $ | — |  | $ | 230,597
Current period gross charge-offs |  | $ | (11) |  | $ | — |  | $ | (287) |  | $ | — |  | $ | — |  | $ | — |  | $ | (161) |  | $ | — |  | $ | (459)
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 2,289 |  |  | 1,140 |  |  | 386 |  |  | 1,682 |  |  | 36 |  |  | 27 |  |  | 3,291 |  |  | — |  |  | 8,851
Nonperforming |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 2
Total |  | $ | 2,289 |  | $ | 1,140 |  | $ | 386 |  | $ | 1,683 |  | $ | 36 |  | $ | 27 |  | $ | 3,292 |  | $ | — |  | $ | 8,853
Current period gross charge-offs |  | $ | (44) |  | $ | — |  | $ | — |  | $ | — |  | $ | (6) |  | $ | — |  | $ | (49) |  | $ | — |  | $ | (99)
‎ The following table presents loans by year of origination and internally assigned risk ratings as of December 31, 2023:
(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)
‎ The following presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing as of December 31, 2024 and 2023:
|  | December 31, 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
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  | $ | —
Junior liens and lines of credit |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | —
Total |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | —
Residential real estate - construction |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | —
Commercial real estate |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | —
Commercial |  |  | 266 |  |  | — |  |  | — |  |  |  | 147 |  |  | — |  |  | —
Consumer |  |  | — |  |  | — |  |  | 2 |  |  |  | — |  |  | — |  |  | 5
Total |  | $ | 266 |  | $ | — |  | $ | 2 |  |  | $ | 147 |  | $ | — |  | $ | 5
Delinquent loans are a result of borrowers’ cash flow and/or alternative sources of cash being insufficient to repay loans. The Bank’s likelihood of collateral liquidation to repay the loans becomes more probable the further behind a borrower falls, particularly when loans reach 90 days or more past due. Management monitors the performance status of loans by the use of an aging report. The aging report can provide an early indicator of loans that may become severely delinquent and possibly result in a loss to the Bank. The following table presents the aging of payments in the loan portfolio as of December 31, 2024 and 2023:
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loans Past Due |  | Total |  |  |  |  | Total |  |  |
|  | 30-59 Days |  | 60-89 Days |  | 90 Days+ |  | Past Due |  | Current |  | Loans |  |  |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  | $ | 203 |  | $ | 640 |  | $ | — |  | $ | 843 |  | $ | 239,758 |  | $ | 240,601 |  |  |
Junior liens and lines of credit |  |  | 241 |  |  | 160 |  |  | — |  |  | 401 |  |  | 81,833 |  |  | 82,234 |  |  |
Total |  |  | 444 |  |  | 800 |  |  | — |  |  | 1,244 |  |  | 321,591 |  |  | 322,835 |  |  |
Residential real estate - construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 32,427 |  |  | 32,427 |  |  |
Commercial real estate |  |  | 380 |  |  | 219 |  |  | — |  |  | 599 |  |  | 802,766 |  |  | 803,365 |  |  |
Commercial |  |  | 747 |  |  | 50 |  |  | 266 |  |  | 1,063 |  |  | 229,534 |  |  | 230,597 |  |  |
Consumer |  |  | 30 |  |  | 4 |  |  | 2 |  |  | 36 |  |  | 8,817 |  |  | 8,853 |  |  |
Total |  | $ | 1,601 |  | $ | 1,073 |  | $ | 268 |  | $ | 2,942 |  | $ | 1,395,135 |  | $ | 1,398,077 |  |  |
|  | Loans Past Due | Total |  |  |  |  | Total |  |
December 31, 2023 |  | 30-59 Days |  | 60-89 Days |  | 90 Days+ |  | Past Due |  | Current |  | Loans |  |
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 |  |  |
At December 31, 2024 and 2023, the Bank had $0 of residential properties in the process of foreclosure. Interest not recognized on nonaccrual loans was $8 thousand for the year ended December 31, 2024 and $6 thousand for the year ended December 31, 2023. On January 1, 2023, The Bank adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for troubled debt restructurings (“TDRs”) while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearances, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. No loan modifications were made to borrowers experiencing financial difficulties during 2024 and 2023. Allowance for Credit Losses: The following table shows the activity in the Allowance for Credit Loss (ACL), for the years ended December 31, 2024 and 2023:
|  | 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 December 31, 2023 |  | $ | 1,296 |  | $ | 419 |  | $ | 296 |  | $ | 10,657 |  | $ | 3,290 |  | $ | 94 |  | $ | — |  | $ | 16,052
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (459) |  |  | (99) |  |  | — |  |  | (560)
Recoveries |  |  | 3 |  |  | — |  |  | 14 |  |  | 4 |  |  | 130 |  |  | 35 |  |  | — |  |  | 186
Provision |  |  | 198 |  |  | 42 |  |  | 66 |  |  | 1,345 |  |  | 221 |  |  | 103 |  |  | — |  |  | 1,975
ACL at December 31, 2024 |  | $ | 1,497 |  | $ | 461 |  | $ | 376 |  | $ | 12,004 |  | $ | 3,182 |  | $ | 133 |  | $ | — |  | $ | 17,653
ALL at December 31, 2022 |  | $ | 459 |  | $ | 234 |  | $ | 343 |  | $ | 7,493 |  | $ | 4,846 |  | $ | 133 |  | $ | 667 |  | $ | 14,175
Impact of adopting CECL on 1-1-23 |  |  | 1,096 |  |  | 493 |  |  | (95) |  |  | 584 |  |  | (1,907) |  |  | (40) |  |  | (667) |  |  | (536)
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (305) |  |  | (117) |  |  | — |  |  | (422)
Recoveries |  |  | 2 |  |  | — |  |  | 49 |  |  | 1 |  |  | 112 |  |  | 82 |  |  | — |  |  | 246
Provision |  |  | (261) |  |  | (308) |  |  | (1) |  |  | 2,579 |  |  | 544 |  |  | 36 |  |  | — |  |  | 2,589
ACL at December 31, 2023 |  | $ | 1,296 |  | $ | 419 |  | $ | 296 |  | $ | 10,657 |  | $ | 3,290 |  | $ | 94 |  | $ | — |  | $ | 16,052
At December 31, 2024, there was one collateral dependent loan for $266 thousand secured by real estate. There were no collateral dependent loans at December 31, 2023.

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