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Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

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

Schedule of Financing Receivable Credit Quality Indicators

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

Schedule of Financing Receivable, Past Due

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

Schedule of Financing Receivable, Nonaccrual

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

Schedule of Financing Receivable, Allowance for Credit Loss

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

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

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

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Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-80

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-16

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