XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.3
LOANS AND ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Sep. 30, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]  
LOANS AND ALLOWANCE FOR CREDIT LOSSES
NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans are comprised of the following:

 
September 30,
2025
    
December 31,
2024
  
             
Residential real estate
  
$
373,706
    
$
373,534
  
Commercial real estate:
                
Owner-occupied
    
109,180
      
86,471
  
Nonowner-occupied
    
257,114
      
206,847
  
   Construction
    
76,213
      
79,669
  
Commercial and industrial
    
172,369
      
158,440
  
Consumer:
                
Automobile
    
39,506
      
50,246
  
Home equity
    
47,367
      
42,473
  
Other
    
55,079
      
64,145
  
     
1,130,534
      
1,061,825
  
Less:  Allowance for credit losses
    
(11,420
)
    
(10,088
)
                 
Loans, net
  
$
1,119,114
    
$
1,051,737
  

At September 30, 2025, net deferred loan origination fees were $235. At December 31, 2024, net deferred loan origination costs were $363. At September 30, 2025 net unaccreted loan purchase discounts were $1,616. At December 31, 2024 net unamortized loan purchase premiums were $398.

The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of September 30, 2025 and December 31, 2024:

September 30, 2025
  
Loans Past Due
90 Days And
Still Accruing
    
Nonaccrual
Loans With No
ACL
    
Nonaccrual
Loans With an
ACL
    
Total
Nonaccrual
Loans
  
                         
Residential real estate
  
$
14
    
$
324
    
$
1,791
    
$
2,115
  
Commercial real estate:
                                
Owner-occupied
    
—
      
679
      
—
      
679
  
Nonowner-occupied
    
—
      
—
      
232
      
232
  
Construction
    
—
      
—
      
—
      
—
  
Commercial and industrial
    
—
      
942
      
10
      
952
  
Consumer:
                                
Automobile
    
66
      
—
      
225
      
225
  
Home equity
    
—
      
25
      
297
      
322
  
Other
    
26
      
—
      
127
      
127
  
Total
  
$
106
    
$
1,970
    
$
2,682
    
$
4,652
  

December 31, 2024
  
Loans Past Due
90 Days And
Still Accruing
    
Nonaccrual
Loans With No
ACL
    
Nonaccrual
Loans With an
ACL
    
Total
Nonaccrual
Loans
  
                         
Residential real estate
  
$
49
    
$
—
    
$
1,931
    
$
1,931
  
Commercial real estate:
                                
Owner-occupied
    
—
      
680
      
136
      
816
  
Nonowner-occupied
    
—
      
—
      
158
      
158
  
Construction
    
—
      
—
      
—
      
—
  
Commercial and industrial
    
—
      
962
      
90
      
1,052
  
Consumer:
                                
Automobile
    
39
      
—
      
379
      
379
  
Home equity
    
—
      
26
      
338
      
364
  
Other
    
28
      
—
      
117
      
117
  
Total
  
$
116
    
$
1,668
    
$
3,149
    
$
4,817
  

The Company recognized $10 and $56 of interest income in nonaccrual loans during the three and nine months ended September 30, 2025, respectively. This is compared to $50 and $69 of interest income in nonaccrual loans during the three and nine months ended September 30, 2024, respectively.

The following table presents the aging of the recorded investment of past due loans by class of loans as of September 30, 2025 and December 31, 2024:

September 30, 2025
  
30-59
Days
Past Due
    
60-89
Days
Past Due
    
90 Days
Or More
Past Due
    
Total
Past Due
    
Loans Not
Past Due
    
Total
  
                                     
Residential real estate
  
$
1,408
    
$
2,061
    
$
1,074
    
$
4,543
    
$
369,163
    
$
373,706
  
Commercial real estate:
                                                
Owner-occupied
    
-
      
208
      
679
      
887
      
108,293
      
109,180
  
Nonowner-occupied
    
664
      
—
      
103
      
767
      
256,347
      
257,114
  
Construction
    
5,934
      
—
      
—
      
5,934
      
70,279
      
76,213
  
Commercial and industrial
    
5,519
      
371
      
677
      
6,567
      
165,802
      
172,369
  
Consumer:
                                                
Automobile
    
682
      
217
      
141
      
1,040
      
38,466
      
39,506
  
Home equity
    
204
      
130
      
150
      
484
      
46,883
      
47,367
  
Other
    
336
      
180
      
105
      
621
      
54,458
      
55,079
  
Total
  
$
14,747
    
$
3,167
    
$
2,929
    
$
20,843
    
$
1,109,691
    
$
1,130,534
  

December 31, 2024
  
30-59
Days
Past Due
    
60-89
Days
Past Due
    
90 Days
Or More
Past Due
    
Total
Past Due
    
Loans Not
Past Due
    
Total
  
                                     
Residential real estate
  
$
3,294
    
$
1,097
    
$
984
    
$
5,375
    
$
368,159
    
$
373,534
  
Commercial real estate:
                                                
Owner-occupied
    
773
      
—
      
816
      
1,589
      
84,882
      
86,471
  
Nonowner-occupied
    
2,294
      
—
      
—
      
2,294
      
204,553
      
206,847
  
Construction
    
—
      
—
      
—
      
—
      
79,669
      
79,669
  
Commercial and industrial
    
533
      
58
      
745
      
1,336
      
157,104
      
158,440
  
Consumer:
                                                
Automobile
    
791
      
414
      
349
      
1,554
      
48,692
      
50,246
  
Home equity
    
402
      
141
      
243
      
786
      
41,687
      
42,473
  
Other
    
716
      
260
      
98
      
1,074
      
63,071
      
64,145
  
Total
  
$
8,803
    
$
1,970
    
$
3,235
    
$
14,008
    
$
1,047,817
    
$
1,061,825
  

Credit Quality Indicators:

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. These risk categories are represented by a loan grading scale from 1 through 11. The Company analyzes loans individually with a higher credit risk rating and groups these loans into categories called “criticized” and “classified” assets. The Company considers its criticized assets to be loans that are graded 8 and its classified assets to be loans that are graded 9 through 11. The Company’s risk categories are reviewed at least annually on loans that have aggregate borrowing amounts that meet or exceed $1,000.

The Company uses the following definitions for its criticized loan risk ratings:

Special Mention.  Loans classified as “special mention” are graded 8 and indicate considerable risk due to deterioration of repayment (in the earliest stages) due to potential weak primary repayment source, or payment delinquency.  These loans will be under constant supervision, are not classified and do not expose the institution to sufficient risks to warrant classification.  These deficiencies should be correctable within the normal course of business, although significant changes in company structure or policy may be necessary to correct the deficiencies.  These loans are considered bankable assets with no apparent loss of principal or interest envisioned.  The perceived risk in continued lending is considered to have increased beyond the level where such loans would normally be granted. 

The Company uses the following definitions for its classified loan risk ratings:

Substandard.  Loans classified as “substandard” are graded 9 and represent very high risk, serious delinquency, nonaccrual, or unacceptable credit. Repayment through the primary source of repayment is in jeopardy due to the existence of one or more well-defined weaknesses, and the collateral pledged may inadequately protect collection of the loans. Loss of principal is not likely if weaknesses are corrected, although financial statements normally reveal significant weakness. Loans are still considered collectible, although loss of principal is more likely than with special mention loans. Collateral liquidation is considered likely to satisfy debt.

Doubtful.  Loans classified as “doubtful” are graded 10 and display a high probability of loss, although the amount of actual loss at the time of classification is undetermined. This classification should be temporary until such time that actual loss can be identified, or improvements are made to reduce the seriousness of the classification. These loans exhibit all substandard characteristics with the addition that weaknesses make collection or liquidation in full highly questionable and improbable. This classification consists of loans where the possibility of loss is high after collateral liquidation based upon existing facts, market conditions, and value. Loss is deferred until certain important and reasonable specific pending factors that may strengthen the credit can be more accurately determined. These factors may include proposed acquisitions, liquidation procedures, capital injection, receipt of additional collateral, mergers, or refinancing plans. A doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded substandard.

Loss.  Loans classified as “loss” are graded 11 and are considered uncollectible and are of such little value that their continuance as bankable assets is not warranted.  This classification does not mean that the credit has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset yielding such a minimum value even though partial recovery may be affected in the future.  Amounts classified as loss should be promptly charged off.

As of September 30, 2025 and December 31, 2024, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Owner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
26,575
    
$
13,950
    
$
18,828
    
$
6,522
    
$
5,374
    
$
15,758
    
$
1,639
    
$
88,646
  
     Special Mention
    
—
      
—
      
—
      
—
      
12,413
      
—
      
—
      
12,413
  
        Substandard
    
—
      
70
      
—
      
—
      
4,192
      
2,060
      
1,799
      
8,121
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
26,575
    
$
14,020
    
$
18,828
    
$
6,522
    
$
21,979
    
$
17,818
    
$
3,438
    
$
109,180
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Nonowner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
34,803
    
$
37,770
    
$
28,178
    
$
37,938
    
$
29,572
    
$
76,018
    
$
6,795
    
$
251,074
  
     Special Mention
    
—
      
—
      
1,613
      
—
      
—
      
—
      
—
      
1,613
  
        Substandard
    
—
      
216
      
—
      
971
      
—
      
3,240
      
—
      
4,427
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
34,803
    
$
37,986
    
$
29,791
    
$
38,909
    
$
29,572
    
$
79,258
    
$
6,795
    
$
257,114
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Construction
                                                
     Risk Rating
                                                
        Pass
  
$
23,347
    
$
11,554
    
$
13,575
    
$
14,196
    
$
1,073
    
$
2,434
    
$
3,045
    
$
69,224
  
     Special Mention
    
—
      
—
      
—
      
5,934
      
—
      
24
      
412
      
6,370
  
        Substandard
    
—
      
—
      
619
      
—
      
—
      
—
      
—
      
619
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
23,347
    
$
11,554
    
$
14,194
    
$
20,130
    
$
1,073
    
$
2,458
    
$
3,457
    
$
76,213
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial and Industrial
                                                
     Risk Rating
                                                
        Pass
  
$
18,884
    
$
14,313
    
$
6,467
    
$
21,614
    
$
23,831
    
$
44,074
    
$
28,281
    
$
157,464
  
     Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
      
3,279
      
3,279
  
        Substandard
    
—
      
1,339
      
135
      
34
      
163
      
6,300
      
3,655
      
11,626
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
18,884
    
$
15,652
    
$
6,602
    
$
21,648
    
$
23,994
    
$
50,374
    
$
35,215
    
$
172,369
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
45
    
$
—
    
$
12
    
$
58
    
$
—
    
$
45
    
$
160
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Owner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
13,762
    
$
17,199
    
$
7,441
    
$
10,094
    
$
4,787
    
$
16,336
    
$
583
    
$
70,202
  
     Special Mention
    
—
      
—
      
—
      
12,896
      
—
      
1,415
      
299
      
14,610
  
        Substandard
    
79
      
—
      
—
      
—
      
136
      
844
      
600
      
1,659
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
13,841
    
$
17,199
    
$
7,441
    
$
22,990
    
$
4,923
    
$
18,595
    
$
1,482
    
$
86,471
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Nonowner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
35,216
    
$
11,377
    
$
30,773
    
$
31,465
    
$
19,351
    
$
66,312
    
$
6,172
    
$
200,666
  
     Special Mention
    
—
      
1,636
      
—
      
—
      
—
      
—
      
—
      
1,636
  
        Substandard
    
220
      
—
      
996
      
—
      
3,329
      
—
      
—
      
4,545
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
35,436
    
$
13,013
    
$
31,769
    
$
31,465
    
$
22,680
    
$
66,312
    
$
6,172
    
$
206,847
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Construction
                                                
     Risk Rating
                                                
        Pass
  
$
13,865
    
$
33,162
    
$
27,678
    
$
1,111
    
$
266
    
$
2,647
    
$
93
    
$
78,822
  
     Special Mention
    
—
      
—
      
—
      
—
      
—
      
38
      
—
      
38
  
        Substandard
    
—
      
638
      
—
      
—
      
—
      
171
      
—
      
809
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
13,865
    
$
33,800
    
$
27,678
    
$
1,111
    
$
266
    
$
2,856
    
$
93
    
$
79,669
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial and Industrial
                                                
     Risk Rating
                                                
        Pass
  
$
17,260
    
$
7,875
    
$
24,843
    
$
25,894
    
$
20,648
    
$
25,593
    
$
21,785
    
$
143,898
  
     Special Mention
    
446
      
—
      
—
      
—
      
—
      
178
      
6,476
      
7,100
  
        Substandard
    
2,039
      
226
      
60
      
480
      
205
      
—
      
4,432
      
7,442
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
19,745
    
$
8,101
    
$
24,903
    
$
26,374
    
$
20,853
    
$
25,771
    
$
32,693
    
$
158,440
  
                                                                 
Current Period gross charge-offs
  
$
219
    
$
—
    
$
—
    
$
1
    
$
—
    
$
—
    
$
1
    
$
221
  

The Company considers the performance of the loan portfolio and its impact on the ACL. For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of September 30, 2025 and  December 31, 2024:

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Residential Real Estate
                                                
     Payment Performance
                                                
        Performing
  
$
50,708
    
$
62,056
    
$
53,701
    
$
36,550
    
$
42,884
    
$
123,954
    
$
1,724
    
$
371,577
  
        Nonperforming
    
—
      
324
      
218
      
445
      
28
      
1,114
      
—
      
2,129
  
    Total
  
$
50,708
    
$
62,380
    
$
53,919
    
$
36,995
    
$
42,912
    
$
125,068
    
$
1,724
    
$
373,706
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
100
    
$
—
    
$
15
    
$
23
    
$
15
    
$
—
    
$
153
  


                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Automobile
                                                
     Payment Performance
                                                
        Performing
  
$
8,038
    
$
8,957
    
$
11,565
    
$
8,050
    
$
2,052
    
$
553
    
$
—
    
$
39,215
  
        Nonperforming
    
15
      
108
      
61
      
100
      
2
      
5
      
—
      
291
  
    Total
  
$
8,053
    
$
9,065
    
$
11,626
    
$
8,150
    
$
2,054
    
$
558
    
$
—
    
$
39,506
  
                                                                 
Current Period gross charge-offs
  
$
8
    
$
217
    
$
275
    
$
94
    
$
7
    
$
16
    
$
—
    
$
617
  
   
                             
Revolving
        
                             
Loans
        
 
Term Loans Amortized Cost Basis by Origination Year
  
Amortized
        
September 30, 2025
2025
  
2024
    
2023
    
2022
  
2021
  
Prior
  
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Home Equity
                                                
     Payment Performance
                                                
        Performing
  
$
40
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
47,005
    
$
47,045
  
        Nonperforming
    
—
      
—
      
—
      
—
      
—
      
—
      
322
      
322
  
    Total
  
$
40
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
47,327
    
$
47,367
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
31
    
$
31
  


                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
September 30, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Other
                                                
     Payment Performance
                                                
        Performing
  
$
9,596
    
$
13,705
    
$
6,866
    
$
5,536
    
$
4,075
    
$
1,798
    
$
13,350
    
$
54,926
  
        Nonperforming
    
2
      
33
      
44
      
29
      
24
      
21
      
—
      
153
  
    Total
  
$
9,598
    
$
13,738
    
$
6,910
    
$
5,565
    
$
4,099
    
$
1,819
    
$
13,350
    
$
55,079
  
                                                                 
Current Period gross charge-offs
  
$
275
    
$
74
    
$
125
    
$
51
    
$
59
    
$
28
    
$
290
    
$
902
  


                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Residential Real Estate
                                                
     Payment Performance
                                                
        Performing
  
$
57,385
    
$
57,546
    
$
40,026
    
$
46,067
    
$
38,969
    
$
98,084
    
$
33,477
    
$
371,554
  
        Nonperforming
    
—
      
234
      
435
      
83
      
54
      
1,174
      
—
      
1,980
  
    Total
  
$
57,385
    
$
57,780
    
$
40,461
    
$
46,150
    
$
39,023
    
$
99,258
    
$
33,477
    
$
373,534
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
15
    
$
—
    
$
—
    
$
27
    
$
—
    
$
42
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Automobile
                                                
     Payment Performance
                                                
        Performing
  
$
13,643
    
$
18,133
    
$
12,693
    
$
3,686
    
$
1,268
    
$
405
    
$
—
    
$
49,828
  
        Nonperforming
    
145
      
162
      
77
      
12
      
5
      
17
      
—
      
418
  
    Total
  
$
13,788
    
$
18,295
    
$
12,770
    
$
3,698
    
$
1,273
    
$
422
    
$
—
    
$
50,246
  
                                                                 
Current Period gross charge-offs
  
$
91
    
$
364
    
$
232
    
$
34
    
$
22
    
$
7
    
$
—
    
$
750
  

 
                                      
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Home Equity
                                                
     Payment Performance
                                                
        Performing
  
$
317
    
$
—
    
$
61
    
$
152
    
$
—
    
$
—
    
$
41,579
    
$
42,109
  
        Nonperforming
    
—
      
—
      
—
      
—
      
—
      
—
      
364
      
364
  
    Total
  
$
317
    
$
—
    
$
61
    
$
152
    
$
—
    
$
—
    
$
41,943
    
$
42,473
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Other
                                                
     Payment Performance
                                                
        Performing
  
$
13,110
    
$
18,442
    
$
8,768
    
$
6,580
    
$
2,367
    
$
973
    
$
13,760
    
$
64,000
  
        Nonperforming
    
3
      
50
      
14
      
46
      
25
      
7
      
—
      
145
  
    Total
  
$
13,113
    
$
18,492
    
$
8,782
    
$
6,626
    
$
2,392
    
$
980
    
$
13,760
    
$
64,145
  
                                                                 
Current Period gross charge-offs
  
$
443
    
$
192
    
$
156
    
$
107
    
$
52
    
$
29
    
$
495
    
$
1,474
  

The Company originates residential, consumer, and commercial loans to customers located primarily in the southeastern areas of Ohio as well as the western counties of West Virginia.  Approximately 3.65% of total loans were unsecured at September 30, 2025, down from 4.16% at December 31, 2024.




Modifications to Borrowers Experiencing Financial Difficulty:
Occasionally, the Company modifies loans to borrowers experiencing financial difficulty.  These modifications may include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a reduction in the contractual principal and interest payments of the loan; or short-term interest-only payment terms. All modifications to borrowers experiencing financial difficulty are considered to be impaired.

During the three and nine months ended September 30, 2025 and 2024,  the Company experienced no new modifications to borrowers experiencing financial difficulty.

The following table presents the activity in the ACL by portfolio segment for the three months ended September 30, 2025 and 2024:

September 30, 2025
  
Residential
Real Estate
    
Commercial
Real Estate
    
Commercial
and Industrial
    
Consumer
    
Total
  
Allowance for credit losses:
                              
Beginning balance
  
$
2,873
    
$
4,228
    
$
1,835
    
$
1,920
    
$
10,856
  
Provision for credit losses
    
141
      
500
      
(53
)
    
344
      
932
  
Loans charged-off
    
(137
)
    
—
      
—
      
(413
)
    
(550
)
Recoveries
    
40
      
-
      
3
      
139
      
182
  
Total ending allowance balance
  
$
2,917
    
$
4,728
    
$
1,785
    
$
1,990
    
$
11,420
  

September 30, 2024
  
Residential
Real Estate
    
Commercial
Real Estate
    
Commercial
and Industrial
    
Consumer
    
Total
  
Allowance for credit losses:
                              
Beginning balance
  
$
2,350
    
$
3,491
    
$
1,393
    
$
2,197
    
$
9,431
  
Provision for credit losses
    
(98
)
    
133
      
620
      
328
      
983
  
Loans charged-off
    
-
      
—
      
(112
)
    
(611
)
    
(723
)
Recoveries
    
10
      
9
      
10
      
199
      
228
  
Total ending allowance balance
  
$
2,262
    
$
3,633
    
$
1,911
    
$
2,113
    
$
9,919
  

The following table presents the activity in the ACL by portfolio segment for the nine months ended September 30, 2025 and 2024:

September 30, 2025
  
Residential
Real Estate
    
Commercial
Real Estate
    
Commercial
and Industrial
    
Consumer
    
Total
  
Allowance for credit losses:
                              
Beginning balance
  
$
2,684
    
$
3,653
    
$
1,536
    
$
2,215
    
$
10,088
  
Provision for credit losses
    
308
      
1,057
      
290
      
786
      
2,441
  
Loans charged-off
    
(153
)
    
—
      
(160
)
    
(1,550
)
    
(1,863
)
Recoveries
    
78
      
18
      
119
      
539
      
754
  
Total ending allowance balance
  
$
2,917
    
$
4,728
    
$
1,785
    
$
1,990
    
$
11,420
  

September 30, 2024
  
Residential
Real Estate
    
Commercial
Real Estate
    
Commercial
and Industrial
    
Consumer
    
Total
  
Allowance for credit losses:
                              
Beginning balance
  
$
2,213
    
$
3,047
    
$
1,275
    
$
2,232
    
$
8,767
  
Provision for credit losses
    
25
      
553
      
376
      
1,024
      
1,978
  
Loans charged-off
    
(37
)
    
—
      
(221
)
    
(1,614
)
    
(1,872
)
Recoveries
    
61
      
33
      
481
      
471
      
1,046
  
Total ending allowance balance
  
$
2,262
    
$
3,633
    
$
1,911
    
$
2,113
    
$
9,919
  

The following table presents the amortized cost basis of collateral dependent loans by class of loans as of September 30, 2025 and December 31, 2024:

 
Collateral Type
  
 
September 30, 2025
  
Real Estate
    
Business Assets
    
Total
  
Residential real estate
  
$
1,305
    
$
551
    
$
1,856
  
Commercial real estate:
                        
Owner-occupied
    
4,955
      
140
      
5,095
  
       Non-owner-occupied
    
1,382
      
—
      
1,382
  
       Construction
    
619
      
—
      
619
  
Commercial and Industrial
    
1,541
      
3,922
      
5,463
  
Consumer:
                        
Automobile
    
—
      
19
      
19
  
Home equity
    
75
      
—
      
75
  
Other
    
43
      
20
      
63
  
Total collateral dependent loans
  
$
9,920
    
$
4,652
    
$
14,572
  

 
Collateral Type
  
 
December 31, 2024
  
Real Estate
    
Business Assets
    
Total
  
Residential real estate
  
$
569
    
$
—
    
$
569
  
Commercial real estate:
                        
Owner-occupied
    
804
      
140
      
944
  
    Non-owner-occupied
    
110
      
—
      
110
  
    Construction
    
637
      
—
      
637
  
Commercial & Industrial
    
285
      
3,044
      
3,329
  
Consumer:
                        
Automobile
    
—
      
38
      
38
  
Home equity
    
50
      
26
      
76
  
Other
    
—
      
81
      
81
  
Total collateral dependent loans
  
$
2,455
    
$
3,329
    
$
5,784
  

The recorded investment of a loan excludes accrued interest and net deferred origination fees and costs due to immateriality.

Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogenous loans that are collectively evaluated for impairment and individually evaluated collateral dependent loans.

The Company transfers loans to OREO, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through legal title or through a deed in lieu). The Company had no OREO for residential real estate properties at September 30, 2025 and December 31, 2024. In addition, nonaccrual residential mortgage loans that are in the process of foreclosure had a recorded investment of $836 and $342 as of September 30, 2025 and December 31, 2024, respectively.