Loans and Allowance for Credit Losses on Loans

3 Months Ended

Mar. 31, 2025

Loans and Allowance for Credit Losses on Loans

NOTE 5. Loans and Allowance for Credit Losses on Loans

The composition of loans at March 31, 2025 and December 31, 2024 was as follows:


	March 31,			December 31,
	2025			2024
	(in thousands)
Mortgage real estate loans:
Construction & Secured by Farmland	$	98,660		$	95,200
HELOCs		50,543			50,646
Residential First Lien - Investor		108,519			105,910
Residential First Lien - Owner Occupied		174,822			194,065
Residential Junior Liens		10,983			11,184
Commercial - Owner Occupied		268,990			272,236
Commercial - Non-Owner Occupied & Multifamily		374,471			367,680
Commercial and industrial loans:
SBA PPP loans		22			28
Other commercial and industrial loans		112,906			110,315
Marine loans		203,455			210,095
Consumer loans		30,426			31,017
Overdrafts		208			309
Other loans		11,822			11,911
Total loans	$	1,445,827		$	1,460,596
Net deferred loan costs and premiums		6,437			6,453
Allowance for credit losses		(15,282	)		(15,027	)
	$	1,436,982		$	1,452,022

At March 31, 2025, the Company was servicing $21.7 million of loans for other financial institutions which are not included in the table above. Also excluded from the table above are net servicing assets of $330 thousand at March 31, 2025, which are recorded in other assets in the Consolidated Balance Sheets. When loans are sold with servicing retained, servicing assets are recorded which represent the Company's right to service loans that were sold. Servicing assets are initially recorded by the Company at fair value and are subsequently amortized in proportion to, and over the period of, estimated net servicing income.

Changes in the allowance for credit losses on loans for the three months ended March 31, 2025 and 2024 were as follows:


	Three Months Ended
	March 31,
	2025			2024
	(in thousands)
Balance, beginning	$	15,027		$	14,493
Provision for credit losses		1,146			475
Recoveries added to the allowance		185			185
Credit losses charged to the allowance		(1,076	)		(705	)
Balance, ending	$	15,282		$	14,448

Past due loans by class at March 31, 2025 and December 31, 2024 were as follows:


	March 31, 2025
	(in thousands)
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans		90 or More Days Past Due Still Accruing
Mortgage real estate loans:
Construction & Secured by Farmland	$	56	$	6,781	$	—	$	6,837	$	91,823	$	98,660	$	—
HELOCs		211		—		150		361		50,182		50,543		—
Residential First Lien - Investor		—		—		98		98		108,421		108,519		—
Residential First Lien - Owner Occupied		46		545		28		619		174,203		174,822		—
Residential Junior Liens		43		—		13		56		10,927		10,983		13
Commercial - Owner Occupied		2,320		190		2,211		4,721		264,269		268,990		—
Commercial - Non-Owner Occupied & Multifamily		3,959		—		7,551		11,510		362,961		374,471
Commercial and industrial loans:														—
SBA PPP loans		—		—		—		—		22		22		—
Other commercial and industrial loans		745		384		258		1,387		111,519		112,906		177
Marine loans		—		—		—		—		203,455		203,455		—
Consumer loans		97		16		123		236		30,190		30,426		40
Overdrafts		—		—		—		—		208		208		—
Other loans		—		—		—		—		11,822		11,822		—
Total	$	7,477	$	7,916	$	10,432	$	25,825	$	1,420,002	$	1,445,827	$	230


	December 31, 2024
	(in thousands)
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans		90 or More Past Due Still Accruing
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	—	$	—	$	95,200	$	95,200	$	—
HELOCs		21		—		—		21		50,625		50,646		—
Residential First Lien - Investor		—		98		—		98		105,812		105,910		—
Residential First Lien - Owner Occupied		—		28		247		275		193,790		194,065		—
Residential Junior Liens		13		—		—		13		11,171		11,184		—
Commercial - Owner Occupied		2,212		—		—		2,212		270,024		272,236		—
Commercial - Non-Owner Occupied & Multifamily		—		—		—		—		367,680		367,680		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		28		28		—
Other commercial and industrial loans		922		84		80		1,086		109,229		110,315		—
Marine loans		—		—		—		—		210,095		210,095		—
Consumer loans		673		6		138		817		30,200		31,017		—
Overdrafts		—		—		—		—		309		309		—
Other loans		—		—		—		—		11,911		11,911		—
Total	$	3,841	$	216	$	465	$	4,522	$	1,456,074	$	1,460,596	$	—

Nonaccrual loans by class at March 31, 2025 and December 31, 2024 were as follows:


	March 31, 2025						December 31, 2024
	(in thousands)						(in thousands)
	Nonaccruals with No Allowance for Credit Losses		Nonaccrual with an Allowance for Credit Losses		Nonaccrual Loans		Nonaccruals with No Allowance for Credit Losses		Nonaccrual with an Allowance for Credit Losses		Nonaccrual Loans
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs		151		—		151		—		—		—
Residential First Lien - Investor		98		—		98		—		—		—
Residential First Lien - Owner Occupied		536		—		536		347		—		347
Residential Junior Liens		—		—		—		—		—		—
Commercial - Owner Occupied		2,933		—		2,933		739		—		739
Commercial - Non-Owner Occupied & Multifamily		11,510		—		11,510		—		—		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		—		—
Other commercial and industrial loans		—		811		811		—		903		903
Marine loans		—		—		—		—		—		—
Consumer loans		83		—		83		83		—		83
Overdrafts		—		—		—		—		—		—
Other loans		—		—		—		—		—		—
Total	$	15,311	$	811	$	16,122	$	1,169	$	903	$	2,072

The allowance for credit losses on loans by segment at March 31, 2025 and December 31, 2024 was as follows:


	As of and For the Three Months Ended
	March 31, 2025
	(in thousands)
	Construction and Farmland		Residential Real Estate			Commercial Real Estate & MultiFamily			Commercial			Marine			Consumer			All Other Loans			Unallocated		Total
Allowance for credit losses:
Beginning Balance	$	2,387	$	2,318		$	7,251		$	1,433		$	1,279		$	238		$	121		$	—	$	15,027
Charge-Offs		—		—			(971	)		(49	)		—			(33	)		(23	)		—		(1,076	)
Recoveries		2		153			—			15			—			8			7			—		185
Provision		202		(604	)		1,138			508			(132	)		26			8			—		1,146
Ending balance	$	2,591	$	1,867		$	7,418		$	1,907		$	1,147		$	239		$	113		$	—	$	15,282
Ending balance: Individually evaluated for impairment	$	—	$	—		$	—		$	152		$	—		$	—		$	—		$	—	$	152
Ending balance: Collectively evaluated for impairment	$	2,591	$	1,867		$	7,418		$	1,755		$	1,147		$	239		$	113		$	—	$	15,130
Loans:
Ending balance	$	98,660	$	344,867		$	643,461		$	112,928		$	203,455		$	30,426		$	12,030		$	—	$	1,445,827
Ending balance: Individually evaluated for impairment	$	—	$	757		$	14,443		$	811		$	—		$	83		$	—		$	—	$	16,094
Ending balance: Collectively evaluated for impairment	$	98,660	$	344,110		$	629,018		$	112,117		$	203,455		$	30,343		$	12,030		$	—	$	1,429,733


	As of and For the Year Ended
	December 31, 2024
	(in thousands)
	Construction and Farmland			Residential Real Estate			Commercial Real Estate & MultiFamily			Commercial			Marine			Consumer			All Other Loans			Unallocated		Total
Allowance for credit losses:
Beginning Balance	$	772		$	4,725		$	6,224		$	1,027		$	1,153		$	198		$	394		$	—	$	14,493
Charge-Offs		(94	)		(277	)		(7	)		(238	)		(1,778	)		(309	)		(141	)		—		(2,844	)
Recoveries		102			347			162			67			—			150			25			—		853
Provision		1,607			(2,477	)		872			577			1,904			199			(157	)		—		2,525
Ending balance	$	2,387		$	2,318		$	7,251		$	1,433		$	1,279		$	238		$	121		$	—	$	15,027
Ending balance: Individually evaluated for impairment	$	—		$	—		$	—		$	248		$	—		$	—		$	—		$	—	$	248
Ending balance: Collectively evaluated for impairment	$	2,387		$	2,318		$	7,251		$	1,185		$	1,279		$	238		$	121		$	—	$	14,779
Loans:
Ending balance	$	95,200		$	361,805		$	639,916		$	110,343		$	210,095		$	31,017		$	12,220		$	—	$	1,460,596
Ending balance: Individually evaluated for impairment	$	—		$	318		$	739		$	908		$	—		$	83		$	—		$	—	$	2,048
Ending balance: Collectively evaluated for impairment	$	95,200		$	361,487		$	639,177		$	109,435		$	210,095		$	30,934		$	12,220		$	—	$	1,458,548

The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:


	March 31, 2025						December 31, 2024
	(in thousands)						(in thousands)
(in thousands)	Real Estate Collateral		Other Collateral		Total		Real Estate Collateral		Other Collateral		Total
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs		151		—		151		—		—		—
Residential First Lien - Investor		98		—		98		—		—		—
Residential First Lien - Owner Occupied		508		—		508		318		—		318
Residential Junior Liens		—		—		—		—		—		—
Commercial - Owner Occupied		2,933		—		2,933		739		—		739
Commercial - Non-Owner Occupied & Multifamily		11,510		—		11,510		—		—		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		—		—
Other commercial and industrial loans		—		811		811		—		908		908
Marine loans		—		—		—		—		—		—
Consumer loans		83		—		83		83		—		83
Overdrafts		—		—		—		—		—		—
Other loans		—		—		—		—		—		—
	$	15,283	$	811	$	16,094	$	1,140	$	908	$	2,048

The Company did not identify any significant changes in the extent to which collateral secures its collateral dependent loans, whether in the form of general deterioration or from other factors during the period ended March 31, 2025.

The Company 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, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. This analysis is performed on a quarterly basis. The following table presents risk ratings by loan portfolio segment and origination year. Description of these ratings are as follows:


Pass		Pass loans exhibit acceptable history of profits, cash flow ability and liquidity. Sufficient cash flow exists to service the loan. All obligations have been paid by the borrower in an as agreed manner.
Special Mention		Special mention loans exhibit negative trends and potential weakness that, if left uncorrected, may negatively affect the borrower’s ability to repay its obligations. Loan relationships with stale financial statements at their annual review will also cause a downgrade to special mention until current financials are received and upgrade is approved. The risk of default is not imminent and the borrower still demonstrates sufficient financial strength to service debt.
Classified		Classified loans include loans rated Substandard, Doubtful and Loss.
		• Substandard loans exhibit well defined weaknesses resulting in a higher probability of default. The borrowers exhibit adverse financial trends and a diminishing ability or willingness to service debt.
		• Doubtful loans exhibit all of the characteristics inherent in substandard loans; however given the severity of weaknesses, the collection of 100% of the principal is unlikely under current conditions.
		• Loss loans are considered uncollectible over a reasonable period of time and of such little value that its continuance as a bankable asset is not warranted.

Credit quality information by class at March 31, 2025 was as follows:


March 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total

Mortgage real estate loans:
Construction & Secured by Farmland
Pass	$	3,201	$	34,787	$	27,422	$	12,941	$	3,772	$	7,504	$	2,223	$	—	$	91,850
Special Mention		—		—		6,781		—		—		—		—		—		6,781
Classified		—		—		—		—		—		29		—		—		29
Total	$	3,201	$	34,787	$	34,203	$	12,941	$	3,772	$	7,533	$	2,223	$	—	$	98,660
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	50,351	$	—	$	50,351
Special Mention		—		—		—		—		—		—		42		—		42
Classified		—		—		—		—		—		—		150		—		150
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	50,543	$	—	$	50,543
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential First Lien - Investor
Pass	$	6,079	$	7,033	$	14,481	$	18,580	$	25,980	$	28,989	$	—	$	546	$	101,688
Special Mention		—		—		693		—		2,443		1,776		—		—		4,912
Classified		—		1,821		—		98		—		—		—		—		1,919
Total	$	6,079	$	8,854	$	15,174	$	18,678	$	28,423	$	30,765	$	—	$	546	$	108,519
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential First Lien - Owner Occupied
Pass	$	2,693	$	15,495	$	50,662	$	29,914	$	21,992	$	51,697	$	—	$	317	$	172,770
Special Mention		—		44		621		—		—		591		—		—		1,256
Classified		—		—		—		—		—		796		—		—		796
Total	$	2,693	$	15,539	$	51,283	$	29,914	$	21,992	$	53,084	$	—	$	317	$	174,822
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential Junior Liens
Pass	$	614	$	977	$	1,919	$	2,094	$	2,871	$	2,255	$	—	$	172	$	10,902
Special Mention		—		—		—		—		—		68		—		—		68
Classified		—		—		—		—		—		—		—		13		13
Total	$	614	$	977	$	1,919	$	2,094	$	2,871	$	2,323	$	—	$	185	$	10,983
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial - Owner Occupied
Pass	$	4,100	$	29,666	$	35,602	$	74,130	$	32,049	$	66,144	$	2,134	$	2,820	$	246,645
Special Mention		—		—		361		3,443		1,647		13,961		—		—		19,412
Classified		—		—		—		—		2,933		—		—		—		2,933


Total	$	4,100	$	29,666	$	35,963	$	77,573	$	36,629	$	80,105	$	2,134	$	2,820	$	268,990
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial - Non-Owner Occupied & Multifamily
Pass	$	15,398	$	28,029	$	54,942	$	84,834	$	50,518	$	108,930	$	5,397	$	5,129	$	353,177
Special Mention		—		—		2,582		—		4,997		2,205		—		—		9,784
Classified		—		—		—		7,128		4,382		—		—		—		11,510
Total	$	15,398	$	28,029	$	57,524	$	91,962	$	59,897	$	111,135	$	5,397	$	5,129	$	374,471
Current period gross charge-offs	$	—	$	—	$	—	$	257	$	714	$	—	$	—	$	—	$	971
Commercial and industrial loans:
SBA PPP loans
Pass	$	—	$	—	$	—	$	—	$	22	$	—	$	—	$	—	$	22
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	22	$	—	$	—	$	—	$	22
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial and industrial loans
Pass	$	9,366	$	27,841	$	8,715	$	16,146	$	5,876	$	6,381	$	34,188	$	2,468	$	110,981
Special Mention		—		409		691		—		—		2		—		12		1,114
Classified		—		—		811		—		—		—		—		—		811
Total	$	9,366	$	28,250	$	10,217	$	16,146	$	5,876	$	6,383	$	34,188	$	2,480	$	112,906
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	49	$	—	$	49
Marine loans
Pass	$	—	$	—	$	66,349	$	107,001	$	29,473	$	632	$	—	$	—	$	203,455
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	66,349	$	107,001	$	29,473	$	632	$	—	$	—	$	203,455
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer loans
Pass	$	760	$	2,379	$	1,766	$	6,178	$	9,419	$	8,119	$	1,721	$	—	$	30,342
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		84		—		—		—		84
Total	$	760	$	2,379	$	1,766	$	6,178	$	9,503	$	8,119	$	1,721	$	—	$	30,426
Current period gross charge-offs	$	—	$	—	$	9	$	2	$	—	$	8	$	14	$	—	$	33
Overdrafts
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Special Mention		—		—		—		—		—		—		—		—		—
Classified		208		—		—		—		—		—		—		—		208
Total	$	208	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	208
Current period gross charge-offs	$	23	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	23
Other loans
Pass	$	—	$	—	$	51	$	9,490	$	—	$	2,237	$	44	$	—	$	11,822
Special Mention		—		—		—		—		—		—		—		—		—


Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	51	$	9,490	$	—	$	2,237	$	44	$	—	$	11,822
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total by Risk Category
Pass	$	42,211	$	146,207	$	261,909	$	361,308	$	181,972	$	282,888	$	96,058	$	11,452	$	1,384,005
Special Mention		—		453		11,729		3,443		9,087		18,603		42		12		43,369
Classified		208		1,821		811		7,226		7,399		825		150		13		18,453
Total	$	42,419	$	148,481	$	274,449	$	371,977	$	198,458	$	302,316	$	96,250	$	11,477	$	1,445,827
Total current period gross charge-offs	$	23	$	—	$	9	$	259	$	714	$	8	$	63	$	—	$	1,076

Credit quality information by class at December 31, 2024 was as follows:


December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total

Mortgage real estate loans:
Construction & Secured by Farmland
Pass	$	33,338	$	25,777	$	13,722	$	3,830	$	4,758	$	3,908	$	3,055	$	—	$	88,388
Special Mention		—		6,781		—		—		—		—		—		—		6,781
Classified		—		—		—		—		—		31		—		—		31
Total	$	33,338	$	32,558	$	13,722	$	3,830	$	4,758	$	3,939	$	3,055	$	—	$	95,200
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	94	$	—	$	—	$	94
HELOCs
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	50,454	$	—	$	50,454
Special Mention		—		—		—		—		—		—		192		—		192
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	50,646	$	—	$	50,646
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	14	$	—	$	14
Residential First Lien - Investor
Pass	$	7,567	$	15,074	$	18,816	$	27,722	$	10,729	$	21,201	$	—	$	559	$	101,668
Special Mention		—		696		370		1,053		—		295		—		—		2,414
Classified		—		—		—		—		—		—		—		1,828		1,828
Total	$	7,567	$	15,770	$	19,186	$	28,775	$	10,729	$	21,496	$	—	$	2,387	$	105,910
Current period gross charge-offs	$	—	$	—	$	—	$	150	$	—	$	—	$	—	$	—	$	150
Residential First Lien - Owner Occupied
Pass	$	25,982	$	57,230	$	33,257	$	22,387	$	33,514	$	19,438	$	—	$	387	$	192,195
Special Mention		45		623		—		—		—		592		—		—		1,260
Classified		—		—		—		—		—		610		—		—		610
Total	$	26,027	$	57,853	$	33,257	$	22,387	$	33,514	$	20,640	$	—	$	387	$	194,065
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	103	$	—	$	—	$	103
Residential Junior Liens
Pass	$	991	$	2,191	$	2,484	$	2,942	$	555	$	1,762	$	—	$	175	$	11,100
Special Mention		—		—		—		—		70		—		—		—		70
Classified		—		—		—		—		—		—		—		14		14


Total	$	991	$	2,191	$	2,484	$	2,942	$	625	$	1,762	$	—	$	189	$	11,184
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	10	$	—	$	—	$	10
Commercial - Owner Occupied
Pass	$	29,892	$	32,228	$	75,213	$	36,558	$	21,827	$	45,648	$	2,623	$	2,856	$	246,845
Special Mention		—		364		3,995		5,523		—		14,770		—		—		24,652
Classified		—		—		—		739		—		—		—		—		739
Total	$	29,892	$	32,592	$	79,208	$	42,820	$	21,827	$	60,418	$	2,623	$	2,856	$	272,236
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	—	$	7
Commercial - Non-Owner Occupied & Multifamily
Pass	$	28,275	$	43,596	$	106,921	$	55,945	$	65,561	$	44,949	$	5,397	$	5,834	$	356,478
Special Mention		—		—		1,384		7,584		1,446		788		—		—		11,202
Classified		—		—		—		—		—		—		—		—		—
Total	$	28,275	$	43,596	$	108,305	$	63,529	$	67,007	$	45,737	$	5,397	$	5,834	$	367,680
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans:
SBA PPP loans
Pass	$	—	$	—	$	—	$	28	$	—	$	—	$	—	$	—	$	28
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	28	$	—	$	—	$	—	$	—	$	28
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial and industrial loans
Pass	$	28,978	$	8,605	$	17,187	$	4,512	$	3,324	$	3,614	$	37,618	$	2,064	$	105,902
Special Mention		411		1,095		—		1,915		—		3		—		86		3,510
Classified		—		903		—		—		—		—		—		—		903
Total	$	29,389	$	10,603	$	17,187	$	6,427	$	3,324	$	3,617	$	37,618	$	2,150	$	110,315
Current period gross charge-offs	$	—	$	32	$	8	$	—	$	63	$	—	$	135	$	—	$	238
Marine loans
Pass	$	—	$	68,970	$	110,481	$	30,011	$	633	$	—	$	—	$	—	$	210,095
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	68,970	$	110,481	$	30,011	$	633	$	—	$	—	$	—	$	210,095
Current period gross charge-offs	$	—	$	1,371	$	199	$	208	$	—	$	—	$	—	$	—	$	1,778


Consumer loans
Pass	$	2,700	$	1,987	$	10,787	$	5,274	$	7,221	$	1,117	$	1,834	$	13	$	30,933
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		84		—		—		—		—		84
Total	$	2,700	$	1,987	$	10,787	$	5,358	$	7,221	$	1,117	$	1,834	$	13	$	31,017
Current period gross charge-offs	$	—	$	13	$	4	$	47	$	167	$	—	$	78	$	—	$	309
Overdrafts
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Special Mention		—		—		—		—		—		—		—		—		—
Classified		309		—		—		—		—		—		—		—		309
Total	$	309	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	309
Current period gross charge-offs	$	141	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	141
Other loans
Pass	$	—	$	54	$	9,500	$	—	$	—	$	2,281	$	76	$	—	$	11,911
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	54	$	9,500	$	—	$	—	$	2,281	$	76	$	—	$	11,911
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total by Risk Category
Pass	$	157,723	$	255,712	$	398,368	$	189,209	$	148,122	$	143,918	$	101,057	$	11,888	$	1,405,997
Special Mention		456		9,559		5,749		16,075		1,516		16,448		192		86		50,081
Classified		309		903		—		823		—		641		—		1,842		4,518
Total	$	158,488	$	266,174	$	404,117	$	206,107	$	149,638	$	161,007	$	101,249	$	13,816	$	1,460,596
Total current period gross charge-offs	$	141	$	1,416	$	211	$	405	$	230	$	214	$	227	$	—	$	2,844

Unfunded Commitments: The Company maintains a separate reserve for credit losses on unfunded commitments, which is included in Other Liabilities on the Consolidated Balance Sheet. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the Consolidated Statement of Operations. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded, utilizing the same models and approaches for the Company's other loan portfolio segments, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that maybe drawn prior to the cancellation of the arrangement.

During the three months ended March 31, 2025, the unfunded commitment reserve increased by $87 thousand through a charge to the provision for credit losses in the consolidated income statement. There was no adjustment to the unfunded commitment reserve during the three months ended March 31, 2024. The reserve for unfunded commitments at March 31, 2025 and 2024 and December 31, 2024 was $592 thousand, $479 thousand, and $505 thousand, respectively.

Restructurings for Borrowers Experiencing Financial Difficulty: There were no loans modified during the three months ended March 31, 2025 and 2024.