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Loans and Allowance for Credit Losses | 6 Months Ended
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Jun. 30, 2025
Receivables [Abstract] |
Loans and Allowance for Credit Losses | Loans and Allowance for Credit Losses The Company’s loan portfolio is segmented to enable management to monitor risk and performance. Real estate loans are further segregated into three classes. Residential mortgages include those secured by residential properties and include home equity loans, while commercial mortgages consist of loans to commercial borrowers secured by commercial real estate. Construction loans typically consist of loans to build commercial buildings and acquire and develop residential real estate. The commercial and industrial segment consists of loans to finance the activities of commercial customers. The consumer segment consists primarily of indirect auto loans as well as personal installment loans and personal or overdraft lines of credit. Residential mortgage loans are typically longer-term loans and, therefore, generally present greater interest rate risk than the consumer and commercial loans. Under certain economic conditions, housing values may decline, which may increase the risk that the collateral values are not sufficient. Commercial real estate loans generally present a higher level of credit risk than loans secured by residences. This greater risk is due to several factors, including the concentration of principal in a limited number of loans and borrowers, the effect of general economic conditions on income-producing properties, and the increased difficulty in evaluating and monitoring these types of loans. Furthermore, the repayment of commercial real estate loans is typically dependent upon the successful operation of the related real estate project. If the cash flow from the project is reduced (for example, if leases are not obtained or renewed, a bankruptcy court modifies a lease term, or a major tenant is unable to fulfill its lease obligations), the borrower’s ability to repay the loan may be impaired. Construction loans are originated to individuals to finance the construction of residential dwellings and are also originated for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses. Construction loans generally provide for the payment of interest only during the construction phase, which is usually 12 to 18 months. At the end of the construction phase, the loan generally converts to a permanent residential or commercial mortgage loan. Construction loan risks include overfunding in comparison to the plans, untimely completion of work, and leasing and stabilization after project completion. Commercial and industrial loans are generally secured by inventories, accounts receivable, and other business assets, which present collateral risk. Consumer loans generally have higher interest rates and shorter terms than residential mortgage loans; however, they have additional credit risk due to the type of collateral securing the loan. The following table presents the classifications of loans as of the dates indicated:
| June 30, 2025 | December 31, 2024
(Dollars in thousands) |  |
Real Estate: |  |
Residential | $ | 329,324 |  | $ | 337,990 |
Commercial | 513,197 |  | 485,513 |
Construction | 40,680 |  | 54,705 |
Commercial and Industrial | 138,221 |  | 112,047 |
Consumer | 57,376 |  | 70,508 |
Other | 32,026 |  | 31,863 |
Total Loans | 1,110,824 |  | 1,092,626 |
Allowance for Credit Losses | (9,722) |  | (9,805) |
Loans, Net | $ | 1,101,102 |  | $ | 1,082,821 |
Total unamortized net deferred loan fees were $962,000 and $846,000 at June 30, 2025 and December 31, 2024, respectively. The Company uses a nine-point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first five categories are not considered criticized and are aggregated as “pass” rated. The criticized rating categories used by management generally follow bank regulatory definitions. The special mention category includes assets that are currently protected but are below average quality, resulting in an undue credit risk, but not to the point of justifying a substandard classification. Loans in the substandard category have well-defined weaknesses that jeopardize the liquidation of the debt and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as loss are considered uncollectible and of such little value that continuance as an asset is not warranted. The following tables present the Company’s loans by year of origination, loan segmentation and risk indicator summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. There were no loans in the criticized category of Loss.
| Classified Loans by Origination Year (as of June 30, 2025)
(dollars in thousands) | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Revolving Loans Amortized Cost Basis | Total
Real Estate: |  |  |  |  |  |  |  |
Residential |  |  |  |  |  |  |  |
Pass | $ | 7,549 |  | $ | 16,026 |  | $ | 30,975 |  | $ | 44,745 |  | $ | 39,933 |  | $ | 166,466 |  | $ | 18,949 |  | $ | 324,643 |
Special Mention | 360 |  | — |  | — |  | 1,564 |  | — |  | — |  | — |  | 1,924 |
Substandard | — |  | — |  | 2,177 |  | — |  | — |  | 580 |  | — |  | 2,757 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 7,909 |  | 16,026 |  | 33,152 |  | 46,309 |  | 39,933 |  | 167,046 |  | 18,949 |  | 329,324 |
Commercial |  |  |  |  |  |  |  |
Pass | 37,424 |  | 67,424 |  | 62,539 |  | 68,464 |  | 81,053 |  | 177,880 |  | 1,840 |  | 496,624 |
Special Mention | — |  | 5,875 |  | 524 |  | — |  | 3,417 |  | 1,678 |  | — |  | 11,494 |
Substandard | — |  | — |  | — |  | — |  | — |  | 5,079 |  | — |  | 5,079 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 37,424 |  | 73,299 |  | 63,063 |  | 68,464 |  | 84,470 |  | 184,637 |  | 1,840 |  | 513,197 |
Construction |  |  |  |  |  |  |  |
Pass | 1,808 |  | 10,400 |  | 10,391 |  | 10,792 |  | 269 |  | 7,020 |  | — |  | 40,680 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 1,808 |  | 10,400 |  | 10,391 |  | 10,792 |  | 269 |  | 7,020 |  | — |  | 40,680 |
Commercial and Industrial |  |  |  |  |  |  |  |
Pass | 25,273 |  | 25,592 |  | 21,926 |  | 7,571 |  | 5,107 |  | 9,855 |  | 42,662 |  | 137,986 |
Special Mention | — |  | — |  | — |  | — |  | — |  | 235 |  | — |  | 235 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 25,273 |  | 25,592 |  | 21,926 |  | 7,571 |  | 5,107 |  | 10,090 |  | 42,662 |  | 138,221 |
Consumer |  |  |  |  |  |  |  |
Pass | 373 |  | 574 |  | 7,200 |  | 23,929 |  | 10,901 |  | 5,243 |  | 9,034 |  | 57,254 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | — |  | — |  | 32 |  | 90 |  | — |  | 122 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 373 |  | 574 |  | 7,200 |  | 23,929 |  | 10,933 |  | 5,333 |  | 9,034 |  | 57,376 |
Other |  |  |  |  |  |  |  |
Pass | — |  | 149 |  | 3,840 |  | 22,138 |  | — |  | 4,781 |  | 1,118 |  | 32,026 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | — |  | 149 |  | 3,840 |  | 22,138 |  | — |  | 4,781 |  | 1,118 |  | 32,026 |
Total Loans | $ | 72,787 |  | $ | 126,040 |  | $ | 139,572 |  | $ | 179,203 |  | $ | 140,712 |  | $ | 378,907 |  | $ | 73,603 |  | $ | 1,110,824 |
Gross Charge Offs | $ | — |  | $ | — |  | $ | 19 |  | $ | 52 |  | $ | 1 |  | $ | 101 |  | $ | 34 |  | $ | 207 |
| Classified Loans by Origination Year (as of December 31, 2024)
(dollars in thousands) | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans Amortized Cost Basis | Total
Real Estate: |  |  |  |  |  |  |  |
Residential |  |  |  |  |  |  |  |
Pass | $ | 16,932 |  | $ | 34,311 |  | $ | 46,602 |  | $ | 41,652 |  | $ | 54,422 |  | $ | 122,083 |  | $ | 18,015 |  | $ | 334,017 |
Special Mention | — |  | — |  | 2,586 |  | — |  | — |  | — |  | — |  | 2,586 |
Substandard | — |  | — |  | 50 |  | — |  | — |  | 1,337 |  | — |  | 1,387 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 16,932 |  | 34,311 |  | 49,238 |  | 41,652 |  | 54,422 |  | 123,420 |  | 18,015 |  | 337,990 |
Commercial |  |  |  |  |  |  |  |
Pass | 64,438 |  | 52,178 |  | 67,336 |  | 82,578 |  | 45,959 |  | 147,557 |  | 2,839 |  | 462,885 |
Special Mention | 5,919 |  | 1,683 |  | 2,214 |  | 4,496 |  | 280 |  | 2,782 |  | — |  | 17,374 |
Substandard | — |  | — |  | 175 |  | — |  | — |  | 5,079 |  | — |  | 5,254 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 70,357 |  | 53,861 |  | 69,725 |  | 87,074 |  | 46,239 |  | 155,418 |  | 2,839 |  | 485,513 |
Construction |  |  |  |  |  |  |  |
Pass | 11,987 |  | 21,145 |  | 14,342 |  | 269 |  | — |  | — |  | — |  | 47,743 |
Special Mention | — |  | — |  | — |  | — |  | 6,962 |  | — |  | — |  | 6,962 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 11,987 |  | 21,145 |  | 14,342 |  | 269 |  | 6,962 |  | — |  | — |  | 54,705 |
Commercial and Industrial |  |  |  |  |  |  |  |
Pass | 33,295 |  | 25,063 |  | 12,280 |  | 5,546 |  | 4,374 |  | 4,530 |  | 20,338 |  | 105,426 |
Special Mention | — |  | 200 |  | — |  | — |  | — |  | 3,221 |  | 3,200 |  | 6,621 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 33,295 |  | 25,263 |  | 12,280 |  | 5,546 |  | 4,374 |  | 7,751 |  | 23,538 |  | 112,047 |
Consumer |  |  |  |  |  |  |  |
Pass | 779 |  | 8,980 |  | 31,806 |  | 14,973 |  | 4,809 |  | 3,519 |  | 5,429 |  | 70,295 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | — |  | 42 |  | 21 |  | 150 |  | — |  | 213 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 779 |  | 8,980 |  | 31,806 |  | 15,015 |  | 4,830 |  | 3,669 |  | 5,429 |  | 70,508 |
Other |  |  |  |  |  |  |  |
Pass | 178 |  | 4,039 |  | 21,877 |  | 27 |  | 571 |  | 4,553 |  | 618 |  | 31,863 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loss | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 178 |  | 4,039 |  | 21,877 |  | 27 |  | 571 |  | 4,553 |  | 618 |  | 31,863 |
Total Loans | $ | 133,528 |  | $ | 147,599 |  | $ | 199,268 |  | $ | 149,583 |  | $ | 117,398 |  | $ | 294,811 |  | $ | 50,439 |  | $ | 1,092,626 |
Gross Charge Offs | $ | — |  | $ | 46 |  | $ | 329 |  | $ | 57 |  | $ | 54 |  | $ | 52 |  | $ | 114 |  | $ | 652 |
The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated:
| June 30, 2025
| Loans Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Or More Past Due | Total Past Due | Non- Accrual | Total Loans
(Dollars in Thousands) |  |  |  |  |  |  |
Real Estate: |  |  |  |  |  |  |
Residential | $ | 324,568 |  | $ | 2,999 |  | $ | 125 |  | $ | — |  | $ | 3,124 |  | $ | 1,632 |  | $ | 329,324 |
Commercial | 513,049 |  | 135 |  | — |  | — |  | 135 |  | 13 |  | 513,197 |
Construction | 40,680 |  | — |  | — |  | — |  | — |  | — |  | 40,680 |
Commercial and Industrial | 138,221 |  | — |  | — |  | — |  | — |  | — |  | 138,221 |
Consumer | 56,841 |  | 411 |  | 2 |  | — |  | 413 |  | 122 |  | 57,376 |
Other | 32,026 |  | — |  | — |  | — |  | — |  | — |  | 32,026 |
Total Loans | $ | 1,105,385 |  | $ | 3,545 |  | $ | 127 |  | $ | — |  | $ | 3,672 |  | $ | 1,767 |  | $ | 1,110,824 |
| December 31, 2024
| Loans Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Or More Past Due | Total Past Due | Non- Accrual | Total Loans
(Dollars in Thousands) |  |  |  |  |  |  |
Real Estate: |  |  |  |  |  |  |
Residential | $ | 331,705 |  | $ | 2,926 |  | $ | 1,971 |  | $ | — |  | $ | 4,897 |  | $ | 1,388 |  | $ | 337,990 |
Commercial | 484,959 |  | 366 |  | — |  | — |  | 366 |  | 188 |  | 485,513 |
Construction | 54,705 |  | — |  | — |  | — |  | — |  | — |  | 54,705 |
Commercial and Industrial | 112,047 |  | — |  | — |  | — |  | — |  | — |  | 112,047 |
Consumer | 69,454 |  | 809 |  | 32 |  | — |  | 841 |  | 213 |  | 70,508 |
Other | 31,863 |  | — |  | — |  | — |  | — |  | — |  | 31,863 |
Total Loans | $ | 1,084,733 |  | $ | 4,101 |  | $ | 2,003 |  | $ | — |  | $ | 6,104 |  | $ | 1,789 |  | $ | 1,092,626 |
Additional interest income that would have been recorded if the loans that were nonaccrual at June 30, 2025 were current was $29,000 and $81,000 for the three and six months ended June 30, 2025, respectively, and $21,000 and $40,000 for the three and six months ended June 30, 2024, respectively. The following table sets forth the amounts for amortized cost basis of loans on nonaccrual status, loans past due 90 days still accruing, and categories of nonperforming assets at the dates indicated.
| June 30, 2025
| Nonaccrual With No ACL | Nonaccrual With ACL | Loans Past Due 90 Days Still Accruing | Total Nonperforming Assets
(Dollars in Thousands) |  |  |  |
Nonaccrual Loans: |  |  |  |
Real Estate: |  |  |  |
Residential | $ | 1,632 |  | $ | — |  | $ | — |  | $ | 1,632 |
Commercial | 13 |  | — |  | — |  | 13 |
Consumer | 122 |  | — |  | — |  | 122 |
Total Nonaccrual Loans | $ | 1,767 |  | $ | — |  | $ | — |  | 1,767 |
Total Other Real Estate Owned |  |  |  | 158 |
Total Nonperforming Assets |  |  |  | $ | 1,925 |
| December 31, 2024
| Nonaccrual With No ACL | Nonaccrual With ACL | Loans Past Due 90 Days Still Accruing | Total Nonperforming Assets
(Dollars in Thousands) |  |  |  |
Nonaccrual Loans: |  |  |  |
Real Estate: |  |  |  |
Residential | $ | 1,388 |  | $ | — |  | $ | — |  | $ | 1,388 |
Commercial | 188 |  | — |  | — |  | 188 |
Consumer | 213 |  | — |  | — |  | 213 |
Total Nonaccrual Loans | $ | 1,789 |  | $ | — |  | $ | — |  | 1,789 |
Total Other Real Estate Owned |  |  |  | — |
Total Nonperforming Assets |  |  |  | $ | 1,789 |
No interest income on nonaccrual loans was recognized during the three and six months ended June 30, 2025 and June 30, 2024. All modifications and refinancing, including those with borrowers that are experiencing financial difficulty are subject to the modification guidance in ASC 310-20. Loan modifications could meet the definition of a new loan if certain terms of the loan are modified to the benefit of the lender and the modification to the terms of the loan are more than minor. Both of these criteria have to be met to define the modification as a new loan. If a loan modification meets the criteria of new loan, then the new loan should include the remaining net investment in the original loan, additional funds advanced, fees received, and direct loan origination costs with the refinancing or restructuring. Additionally, the effective interest rate should be recalculated based on the amortized cost basis of the new loan and a reassessment of contractual cash flow. For the three and six months ended June 30, 2025 and June 30, 2024, there were no new loan modifications to borrowers experiencing financial difficulty. The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was $530,000 and $1.2 million at June 30, 2025 and December 31, 2024, respectively. The activity in the ACL - Loans is summarized below by primary segments for the periods indicated:
| Real Estate Residential | Real Estate Commercial | Real Estate Construction | Commercial and Industrial | Consumer | Other |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |
March 31, 2025 | $ | 2,896 |  | $ | 3,128 |  | $ | 1,227 |  | $ | 1,748 |  | $ | 586 |  | $ | 234 |  |  | $ | 9,819 |
Charge-offs | — |  | (19) |  | — |  | (5) |  | (47) |  | — |  |  | (71) |
Recoveries | — |  | — |  | — |  | 43 |  | 67 |  | — |  |  | 110 |
(Recovery) Provision for Credit Losses - Loans | (351) |  | 295 |  | (335) |  | 160 |  | 99 |  | (4) |  |  | (136) |
June 30, 2025 | $ | 2,545 |  | $ | 3,404 |  | $ | 892 |  | $ | 1,946 |  | $ | 705 |  | $ | 230 |  |  | $ | 9,722 |
| Real Estate Residential | Real Estate Commercial | Real Estate Construction | Commercial and Industrial | Consumer | Other |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |
March 31, 2024 | $ | 2,832 |  | $ | 2,948 |  | $ | 870 |  | $ | 1,587 |  | $ | 1,084 |  | $ | 261 |  |  | $ | 9,582 |
Charge-offs | — |  | — |  | — |  | — |  | (156) |  | — |  |  | (156) |
Recoveries | 2 |  | — |  | — |  | 46 |  | 41 |  | — |  |  | 89 |
Provision (Recovery) for Credit Losses - Loans | 10 |  | 134 |  | (126) |  | (148) |  | 162 |  | (20) |  |  | 12 |
June 30, 2024 | $ | 2,844 |  | $ | 3,082 |  | $ | 744 |  | $ | 1,485 |  | $ | 1,131 |  | $ | 241 |  |  | $ | 9,527 |
| Real Estate Residential | Real Estate Commercial | Real Estate Construction | Commercial and Industrial | Consumer | Other |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |
December 31, 2024 | $ | 2,926 |  | $ | 3,103 |  | $ | 1,264 |  | $ | 1,584 |  | $ | 687 |  | $ | 241 |  |  | $ | 9,805 |
Charge-offs | — |  | (19) |  | — |  | (5) |  | (183) |  | — |  |  | (207) |
Recoveries | 1 |  | — |  | — |  | 87 |  | 104 |  | — |  |  | 192 |
(Recovery) Provision for Credit Losses - Loans | (382) |  | 320 |  | (372) |  | 280 |  | 97 |  | (11) |  |  | (68) |
June 30, 2025 | $ | 2,545 |  | $ | 3,404 |  | $ | 892 |  | $ | 1,946 |  | $ | 705 |  | $ | 230 |  |  | $ | 9,722 |
| Real Estate Residential | Real Estate Commercial | Real Estate Construction | Commercial and Industrial | Consumer | Other |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |
December 31, 2023 | $ | 3,129 |  | $ | 2,630 |  | $ | 639 |  | $ | 1,693 |  | $ | 1,367 |  | $ | 249 |  |  | $ | 9,707 |
Charge-offs | — |  | — |  | — |  | (12) |  | (206) |  | — |  |  | (218) |
Recoveries | 11 |  | — |  | — |  | 89 |  | 68 |  | — |  |  | 168 |
(Recovery) Provision for Credit Losses - Loans | (296) |  | 452 |  | 105 |  | (285) |  | (98) |  | (8) |  |  | (130) |
June 30, 2024 | $ | 2,844 |  | $ | 3,082 |  | $ | 744 |  | $ | 1,485 |  | $ | 1,131 |  | $ | 241 |  |  | $ | 9,527 |
Loans that do not share risk characteristics are evaluated on an individual basis. For loans that are individually evaluated and collateral dependent, financial loans where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL - Loans is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. During the three and six months ended June 30, 2025, there were $5.6 million of loans that required specific valuation allowances of $70,000. During the three and six months ended June 30, 2024, there were no loans that required a credit loss to be individually assigned. The Company’s allowance for credit losses on unfunded commitments is recognized as a liability (accrued interest payable and other liabilities on the Consolidated Statement of Financial Condition), with adjustments to the reserve recognized in provision for credit losses - unfunded commitments on the Consolidated Statement of Income. The Company’s activity in the allowance for credit losses on unfunded commitments for the periods indicated was as follows:
(in thousands) | Allowance for Credit Losses
Balance at March 31, 2025 | $ | 583 |
Provision for Credit Losses - Unfunded Commitments | 144 |
Balance at June 30, 2025 | $ | 727 |
(in thousands) | Allowance for Credit Losses
Balance at March 31, 2024 | $ | 605 |
Recovery for Credit Losses - Unfunded Commitments | (48) |
Balance at June 30, 2024 | $ | 557 |
(in thousands) | Allowance for Credit Losses
Balance at December 31, 2024 | $ | 691 |
Provision for Credit Losses - Unfunded Commitments | 36 |
Balance at June 30, 2025 | $ | 727 |
(in thousands) | Allowance for Credit Losses
Balance at December 31, 2023 | $ | 500 |
Provision for Credit Losses - Unfunded Commitments | 57 |
Balance at June 30, 2024 | $ | 557 |

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