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Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 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:

			September 30, 2025			December 31, 2024
(Dollars in thousands)
Real Estate:
Residential			$	333,430		$	337,990
Commercial			539,395			485,513
Construction			38,905			54,705
Commercial and Industrial			143,919			112,047
Consumer			49,581			70,508
Other			38,156			31,863
Total Loans			1,143,386			1,092,626
Allowance for Credit Losses			(10,146)			(9,805)
Loans, Net			$	1,133,240		$	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, Doubtful and Loss within the internal risk rating system as of the dates indicated.

			Classified Loans by Origination Year (as of September 30, 2025)
(dollars in thousands)			2025			2024			2023			2022			2021			Prior			Revolving Loans Amortized Cost Basis			Total
Real Estate:
Residential
Pass			$	14,725		$	15,816		$	30,394		$	43,914		$	39,240		$	161,364		$	23,302		$	328,755
Special Mention			359			—			—			1,553			—			—			—			1,912
Substandard			—			—			2,155			—			—			608			—			2,763
Doubtful			—			—			—			—			—			—			—			—
Loss			—			—			—			—			—			—			—			—
Total			15,084			15,816			32,549			45,467			39,240			161,972			23,302			333,430
Commercial
Pass			70,758			68,382			58,964			70,879			80,124			171,743			2,126			522,976
Special Mention			626			5,532			522			—			3,394			1,266			—			11,340
Substandard			—			—			—			—			—			5,079			—			5,079
Doubtful			—			—			—			—			—			—			—			—
Loss			—			—			—			—			—			—			—			—
Total			71,384			73,914			59,486			70,879			83,518			178,088			2,126			539,395
Construction
Pass			6,418			10,860			6,164			7,451			269			7,020			—			38,182
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			723			—			—			—			—			723
Doubtful			—			—			—			—			—			—			—			—
Loss			—			—			—			—			—			—			—			—
Total			6,418			10,860			6,887			7,451			269			7,020			—			38,905
Commercial and Industrial
Pass			34,316			22,802			20,961			7,004			2,868			10,086			45,695			143,732
Special Mention			—			—			—			—			—			187			—			187
Substandard			—			—			—			—			—			—			—			—
Doubtful			—			—			—			—			—			—			—			—
Loss			—			—			—			—			—			—			—			—
Total			34,316			22,802			20,961			7,004			2,868			10,273			45,695			143,919
Consumer
Pass			552			461			6,383			20,590			8,854			4,130			8,494			49,464
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			29			88			—			117
Doubtful			—			—			—			—			—			—			—			—
Loss			—			—			—			—			—			—			—			—
Total			552			461			6,383			20,590			8,883			4,218			8,494			49,581
Other
Pass			7,000			135			3,838			21,475			—			4,590			1,118			38,156
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Doubtful			—			—			—			—			—			—			—			—
Loss			—			—			—			—			—			—			—			—
Total			7,000			135			3,838			21,475			—			4,590			1,118			38,156
Total Loans			$	134,754		$	123,988		$	130,104		$	172,866		$	134,778		$	366,161		$	80,735		$	1,143,386
Gross Charge Offs			$	—		$	—		$	19		$	64		$	19		$	102		$	45		$	249

			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:

			September 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			$	328,473		$	3,320		$	—		$	—		$	3,320		$	1,637		$	333,430
Commercial			538,615			685			82			—			767			13			539,395
Construction			38,490			—			—			—			—			415			38,905
Commercial and Industrial			143,919			—			—			—			—			—			143,919
Consumer			48,948			482			34			—			516			117			49,581
Other			38,156			—			—			—			—			—			38,156
Total Loans			$	1,136,601		$	4,487		$	116		$	—		$	4,603		$	2,182		$	1,143,386

			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.

			September 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			$	1,637		$	—		$	—		$	1,637
Commercial			13			—			—			13
Construction			415			—			—			415
Consumer			117			—			—			117
Total Nonaccrual Loans			$	2,182		$	—		$	—		2,182
Total Other Real Estate Owned												158
Total Nonperforming Assets												$	2,340

			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

Financing Receivable, Troubled Debt Restructuring

The following table presents the amortized cost of loans to borrowers experiencing financial difficulty by portfolio segment and type of modification during the periods presented:

			Three and Nine Months Ended September 30, 2025
			Term Extension			Payment Delay			Interest Rate Reduction						Term Extension and Interest Rate Reduction									Total			% of Portfolio Segment
dollars in thousands
Real Estate:
Residential			$	—		$	—		$	—					$	359								$	359		0.11		%
Construction			—			308			—						—									308			0.79		%
Total(1)			$	—		$	308		$	—					$	359								$	667		0.06		%

(1) Excludes loans that were fully paid off or fully charged off by period end

The following table describes the effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented.

			Three and Nine Months Ended September 30, 2025
			Weighted Average Term Extension (in months)			Weighted Average Payment Delay (in months)			Weighted Average Interest Rate Reduction
Real Estate:
Residential			86			—			1.50		%
Construction			—			6			—		%

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)
June 30, 2025			$	2,545		$	3,404		$	892		$	1,946		$	705		$	230					$	9,722
Charge-offs			—			—			—			—			(42)			—						(42)
Recoveries			9			—			—			42			79			—						130
Provision (Recovery) for Credit Losses - Loans			173			85			145			58			(172)			47						336
September 30, 2025			$	2,727		$	3,489		$	1,037		$	2,046		$	570		$	277					$	10,146

			Real Estate Residential			Real Estate Commercial			Real Estate Construction			Commercial and Industrial			Consumer			Other						Total
(Dollars in thousands)
June 30, 2024			$	2,844		$	3,082		$	744		$	1,485		$	1,131		$	241					$	9,527
Charge-offs			—			—			—			—			(159)			—						(159)
Recoveries			—			—			—			45			41			—						86
(Recovery) Provision for Credit Losses - Loans			(226)			621			(51)			(248)			(90)			19						25
September 30, 2024			$	2,618		$	3,703		$	693		$	1,282		$	923		$	260					$	9,479

			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)			(225)			—						(249)
Recoveries			10			—			—			128			183			—						321
(Recovery) Provision for Credit Losses - Loans			(209)			405			(227)			339			(75)			36						269
September 30, 2025			$	2,727		$	3,489		$	1,037		$	2,046		$	570		$	277					$	10,146

			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)			(365)			—						(377)
Recoveries			13			—			—			132			109			—						254
(Recovery) Provision for Credit Losses - Loans			(524)			1,073			54			(531)			(188)			11						(105)
September 30, 2024			$	2,618		$	3,703		$	693		$	1,282		$	923		$	260					$	9,479

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 June 30, 2025			$	726
Recovery for Credit Losses - Unfunded Commitments			(77)
Balance at September 30, 2025			$	649

(in thousands)			Allowance for Credit Losses
Balance at June 30, 2024			$	557
Recovery for Credit Losses - Unfunded Commitments			(66)
Balance at September 30, 2024			$	491

(in thousands)			Allowance for Credit Losses
Balance at December 31, 2024			$	691
Recovery for Credit Losses - Unfunded Commitments			(42)
Balance at September 30, 2025			$	649

(in thousands)			Allowance for Credit Losses
Balance at December 31, 2023			$	500
Recovery for Credit Losses - Unfunded Commitments			(9)
Balance at September 30, 2024			$	491

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+ References

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-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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+ References

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-Topic 326
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-Section 50
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