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Student Loans (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Credit Quality Indicators for Outstanding Student Loans

The following table presents loans by class, net of unearned fees and loan origination costs, by risk rating and period indicated as of December 31, 2024:

						Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2024																																				Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans
(In thousands)						2024						2023						2022						2021						2020						Prior																		Total
Commercial and business
Pass						$	2,374					$	3,640					$	2,076					$	341					$	408					$	764					$	29,349					$	—					$	38,952
Special Mention						—						2,000						—						—						—						—						—						—						2,000
Substandard						—						—						68						—						6,989						—						15,644						—						22,701
Total						$	2,374					$	5,640					$	2,144					$	341					$	7,397					$	764					$	44,993					$	—					$	63,653
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Government program
Pass						$	—					$	—					$	—					$	—					$	2					$	60					$	—					$	—					$	62
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	—					$	—					$	—					$	—					$	2					$	60					$	—					$	—					$	62
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial real estate
Pass						$	78,889					$	32,794					$	80,121					$	31,376					$	37,480					$	151,066					$	1,491					$	—					$	413,217
Special Mention						—						—						—						—						5,653						—						—						—						5,653
Substandard						—						—						—						552						—						—						—						—						552
Total						$	78,889					$	32,794					$	80,121					$	31,928					$	43,133					$	151,066					$	1,491					$	—					$	419,422
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential mortgages
Not graded						$	—					$	—					$	23,929					$	196,340					$	2,480					$	6,226					$	—					$	—					$	228,975
Pass						4,824						3,969						1,926						4,320						1,580						1,654						—						—						18,273
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	4,824					$	3,969					$	25,855					$	200,660					$	4,060					$	7,880					$	—					$	—					$	247,248
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Home improvement and home equity
Not graded						$	—					$	—					$	—					$	—					$	—					$	24					$	—					$	—					$	24
Pass						—						—						—						—						—						—						—						—						—
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	—					$	—					$	—					$	—					$	—					$	24					$	—					$	—					$	24
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

						Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2024																																				Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans
(In thousands)						2024						2023						2022						2021						2020						Prior																		Total
Real estate construction and development
Pass						$	13,761					$	15,743					$	8,004					$	—					$	32,389					$	2,473					$	26,577					$	—					$	98,947
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						3,524						8,674						—						—						12,198
Total						$	13,761					$	15,743					$	8,004					$	—					$	35,913					$	11,147					$	26,577					$	—					$	111,145
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Agricultural
Pass						$	3,097					$	2,115					$	3,990					$	490					$	2,861					$	11,586					$	22,705					$	—					$	46,844
Special Mention						—						—						1,503						—						440						285						—						—						2,228
Substandard						—						—						—						—						—						—						390						—						390
Total						$	3,097					$	2,115					$	5,493					$	490					$	3,301					$	11,871					$	23,095					$	—					$	49,462
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Installment and student loans
Not graded						$	440					$	1,607					$	103					$	99					$	8					$	34,162					$	606					$	—					$	37,025
Pass						—						—						—						—						—						—						—						—						—
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						421						—						—						421
Total						$	440					$	1,607					$	103					$	99					$	8					$	34,583					$	606					$	—					$	37,446
Current period gross charge-offs						$	—					$	20					$	—					$	—					$	—					$	2,842					$	—					$	—					$	2,862
Total loans outstanding (risk rating):
Not graded						$	440					$	1,607					$	24,032					$	196,439					$	2,488					$	40,412					$	606					$	—					$	266,024
Pass						102,945						58,261						96,117						36,527						74,720						167,603						80,122						—						616,295
Special Mention						—						2,000						1,503						—						6,093						285						—						—						9,881
Substandard						—						—						68						552						10,513						9,095						16,034						—						36,262
Grand total loans						$	103,385					$	61,868					$	121,720					$	233,518					$	93,814					$	217,395					$	96,762					$	—					$	928,462
Current period gross charge-offs						$	—					$	20					$	—					$	—					$	—					$	2,842					$	—					$	—					$	2,862

The following table presents loans by class, net of deferred fees, by risk rating and period indicated as of December 31, 2023:

						Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023																																				Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans
(In thousands)						2023						2022						2021						2020						2019						Prior																		Total
Commercial and business
Pass						$	5,989					$	5,066					$	1,594					$	810					$	6					$	939					$	38,869					$	—					$	53,273
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	5,989					$	5,066					$	1,594					$	810					$	6					$	939					$	38,869					$	—					$	53,273
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Government program
Pass						$	—					$	—					$	—					$	8					$	—					$	66					$	—					$	—					$	74
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	—					$	—					$	—					$	8					$	—					$	66					$	—					$	—					$	74
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial real estate
Pass						$	40,929					$	81,823					$	52,019					$	39,155					$	60,626					$	105,285					$	501					$	—					$	380,338
Special Mention						—						—						—						5,796						—						—						—						—						5,796
Substandard						—						—						—						—						—						—						—						—						—
Total						$	40,929					$	81,823					$	52,019					$	44,951					$	60,626					$	105,285					$	501					$	—					$	386,134
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential mortgages
Not graded						$	—					$	24,835					$	206,257					$	2,260					$	—					$	8,969					$	—					$	—					$	242,321
Pass						4,189						1,925						5,253						1,579						3,494						1,778						—						—						18,218
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	4,189					$	26,760					$	211,510					$	3,839					$	3,494					$	10,747					$	—					$	—					$	260,539
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Home improvement and home equity
Not graded						$	—					$	—					$	—					$	—					$	—					$	32					$	—					$	—					$	32
Pass						—						—						—						—						—						4						—						—						4
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						—						—						—						—
Total						$	—					$	—					$	—					$	—					$	—					$	36					$	—					$	—					$	36
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—

						Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023																																				Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans
(In thousands)						2023						2022						2021						2020						2019						Prior																		Total
Real estate construction and development
Pass						$	27,951					$	9,571					$	—					$	31,308					$	—					$	3,978					$	43,734					$	—					$	116,542
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						3,524						—						7,878						—						—						11,402
Total						$	27,951					$	9,571					$	—					$	34,832					$	—					$	11,856					$	43,734					$	—					$	127,944
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Agricultural
Pass						$	2,086					$	4,163					$	457					$	2,958					$	1,592					$	12,574					$	22,556					$	—					$	46,386
Special Mention						—						2,105						—						513						—						356						—						—						2,974
Substandard						—						—						—						—						—						45						390						—						435
Total						$	2,086					$	6,268					$	457					$	3,471					$	1,592					$	12,975					$	22,946					$	—					$	49,795
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Installment and student loans
Not graded						$	708					$	250					$	142					$	74					$	483					$	38,519					$	472					$	—					$	40,648
Pass						1,173						—						—						—						—						—						—						—						1,173
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						—						—						—						—						426						—						—						426
Total						$	1,881					$	250					$	142					$	74					$	483					$	38,945					$	472					$	—					$	42,247
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	2,588					$	—					$	—					$	2,588
Total loans outstanding (risk rating):
Not graded						$	708					$	25,085					$	206,399					$	2,334					$	483					$	47,520					$	472					$	—					$	283,001
Pass						82,317						102,548						59,323						75,818						65,718						124,624						105,660						—						616,008
Special Mention						—						2,105						—						6,309						—						356						—						—						8,770
Substandard						—						—						—						3,524						—						8,349						390						—						12,263
Grand total loans						$	83,025					$	129,738					$	265,722					$	87,985					$	66,201					$	180,849					$	106,522					$	—					$	920,042
Current period gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	2,588					$	—					$	—					$	2,588

The following tables summarize the credit quality indicators for outstanding student loans as of December 31, 2024 and December 31, 2023:

						December 31, 2024																		December 31, 2023
(Dollars in thousands)						Number of Loans						Principal Amount						Accrued Interest						Number of Loans						Principal Amount						Accrued Interest
School						26						$	692					$	512					44						$	1,242					$	734
Grace						3						100						63						18						473						296
Repayment						406						19,647						324						444						20,833						289
Deferment						219						9,954						2,593						237						10,163						2,022
Forbearance						65						3,496						133						98						5,782						133
Total						719						$	33,889					$	3,625					841						$	38,493					$	3,474

Schedule of Student Loan Aging

The following is a summary of delinquent loans, net of unearned fees and loan origination costs, at December 31, 2024, (in thousands):

December 31, 2024						Loans 30-60 Days Past Due						Loans 61-89 Days Past Due						Loans 90 or More Days Past Due						Total Past Due Loans						Current Loans						Total Loans						Accruing Loans 90 or More Days Past Due
Commercial and business loans						$	—					$	—					$	—					$	—					$	63,653					$	63,653					$	—
Government program loans						—						—						—						—						62						62						—
Total commercial and industrial						—						—						—						—						63,715						63,715						—
Commercial real estate loans						—						—						—						—						419,422						419,422						—
Residential mortgages						214						—						—						214						247,034						247,248						—
Home improvement and home equity loans						—						—						—						—						24						24						—
Total real estate mortgage						214						—						—						214						666,480						666,694						—
Real estate construction and development loans						—						—						12,185						12,185						98,960						111,145						—
Agricultural loans						—						—						—						—						49,462						49,462						—
Installment and student loans						1,625						1,373						421						3,419						34,027						37,446						421
Total loans						$	1,839					$	1,373					$	12,606					$	15,818					$	912,644					$	928,462					$	421

The following is a summary of delinquent loans, net of unearned fees and loan origination costs, at December 31, 2023, (in thousands):

December 31, 2023						Loans 30-60 Days Past Due						Loans 61-89 Days Past Due						Loans 90 or More Days Past Due						Total Past Due Loans						Current Loans						Total Loans						Accruing Loans 90 or More Days Past Due
Commercial and business loans						$	—					$	—					$	—					$	—					$	53,273					$	53,273					$	—
Government program loans						—						—						—						—						74						74						—
Total commercial and industrial						—						—						—						—						53,347						53,347						—
Commercial real estate loans						—						—						—						—						386,134						386,134						—
Residential mortgages						—						—						—						—						260,539						260,539						—
Home improvement and home equity loans						—						—						—						—						36						36						—
Total real estate mortgage						—						—						—						—						646,709						646,709						—
Real estate construction and development loans						—						—						11,390						11,390						116,554						127,944						—
Agricultural loans						—						—						45						45						49,750						49,795						—
Installment and student loans						791						328						426						1,545						40,702						42,247						426
Total loans						$	791					$	328					$	11,861					$	12,980					$	907,062					$	920,042					$	426

The following tables summarize the student loan aging for loans in repayment and forbearance as of December 31, 2024 and December 31, 2023:

						December 31, 2024												December 31, 2023
(Dollars in thousands)						Number of Borrowers						Principal Amount						Number of Borrowers						Principal Amount
Current or less than 31 days						185						$	19,737					221						$	25,070
31 - 60 days						9						1,625						6						791
61 - 90 days						7						1,360						2						328
Greater than 90 days						2						421						3						426
Total						203						$	23,143					232						$	26,615

X

- Definition

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://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 2: 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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- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7

Reference 3: 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 4: 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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