Loans And Leases (Tables)

12 Months Ended

Dec. 31, 2024

Recorded Investment In Loans By Portfolio Segment



	December 31, 2024		December 31, 2023
Commercial ⁽¹⁾	$	418,804	$	439,895
Real estate:
Single-family residential		465,517		478,224
Multi-family residential		150,434		130,778
Commercial		460,064		433,026
Construction		202,166		190,722
Consumer:
Home equity lines of credit		39,520		35,960
Other		2,988		2,393
Subtotal		1,739,493		1,710,998
Less: ACL – Loans		(17,474)		(16,865)
Loans and Leases, net	$	1,722,019	$	1,694,133

⁽¹⁾Includes $7,680 and $13,497 of commercial leases at December 31, 2024 and December 31, 2023, respectively.

Activity In ALLL By Portfolio Segment


	December 31, 2024
			Real Estate									Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home equity lines of credit		Other		Total
Allowance for credit losses
Balances, January 1, 2024	$	5,884	$	3,371	$	1,231	$	4,105	$	1,707	$	334	$	233	$	16,865
Provision of credit losses		6,353		(612)		151		(187)		34		31		317		6,087
Recoveries on loans		91		28		-		-		-		6		-		125
Loans charged off		(5,323)		-		-		-		-		-		(280)		(5,603)
Balances, December 31, 2024	$	7,005	$	2,787	$	1,382	$	3,918	$	1,741	$	371	$	270	$	17,474


	December 31, 2023
			Real Estate									Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home equity lines of credit		Other		Total
Allowance for credit losses
Balances, December 31, 2022	$	4,764	$	3,914	$	997	$	3,384	$	2,644	$	333	$	26	$	16,062
Impact of adoption of ASC 326		877		(958)		66		726		(1,019)		(129)		28		(409)
Balances, January 1, 2023 Post-ASC 326 adoption		5,641		2,956		1,063		4,110		1,625		204		54		15,653
Provision of credit losses		933		375		168		(5)		82		126		179		1,858
Recoveries on loans		85		40		-		-		-		4		3		132
Loans charged off		(775)		-		-		-		-		-		(3)		(778)
Balances, December 31, 2023	$	5,884	$	3,371	$	1,231	$	4,105	$	1,707	$	334	$	233	$	16,865

Activity In ALLL Under Prior GAAP


	December 31, 2022
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	4,127	$	3,348	$	827	$	5,034	$	1,744	$	272	$	156	$	15,508
Addition to (reduction in) ‎provision for loan losses		900		547		170		(1,650)		900		50		(130)		787
Charge-offs		(263)		-		-		-		-		-		-		(263)
Recoveries		-		19		-		-		-		11		-		30
Ending balance	$	4,764	$	3,914	$	997	$	3,384	$	2,644	$	333	$	26	$	16,062

Schedule Of Collateral-Dependent Loans By Loan Segment


	December 31, 2024
	Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans
Commercial	$	-	$	8,486	$	8,486	$	1,397
Real estate:
Single-family residential		86		-		86		-
Total	$	86	$	8,486	$	8,572	$	1,397


	December 31, 2023

	Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans
Commercial	$	-	$	449	$	449	$	44
Real estate:
Single-family residential		90		-		90		-
Total	$	90	$	449	$	539	$	44

Individually Evaluated For Impairment By Class Of Loans


At or for the year ended December 31, 2022:
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate:
Commercial:
Owner occupied	$	-	$	-	$	-	$	-	$	-
Total with no allowance recorded		-		-		-		-		-

With an allowance recorded:
Commercial ⁽¹⁾		371		80		-		125		1
Real estate:
Single-family residential ⁽¹⁾		95		95		-		97		5
Commercial:
Non-owner occupied		-		-		-		350		17
Total with an allowance recorded		466		175		-		572		23
Total	$	466	$	175	$	-	$	572	$	23

⁽¹⁾Allowance recorded is less than $1 resulting in rounding to zero

Recorded Investment In Nonaccrual and Nonperforming Loans By Class Of Loans



	Non-Accrual Loans		Non-Accrual loans with no Allowance for Credit Losses
Commercial	$	12,876	$	135
Real estate:
Single-family residential		1,649		1,649
Consumer:
Home equity lines of credit:		13		13
Total nonaccrual loans	$	14,538	$	1,797

Of the $14.5 million of nonaccrual loans at December 31, 2024, $1.1 million was guaranteed by the SBA.

The following table presents the recorded investment in non-accrual loans by class of loans at December 31, 2023:


	Non-Accrual Loans		Non-Accrual Loans with no Allowance for Credit Losses
Commercial	$	5,048	$	1,658
Real estate:
Single-family residential		627		627
Consumer:
Home equity lines of credit:		17		17
Other consumer		30		30
Total nonaccrual loans	$	5,722	$	2,332

Aging Of Recorded Investment In Past Due Loans By Class Of Loans

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of 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		Nonaccrual Loans Not 90 days or more Past Due
Commercial	$	3,231	$	202	$	5,948	$	9,381	$	409,423	$	7,256
Real estate:
Single-family residential		1,112		-		1,649		2,761		462,756		-
Multi-family residential		-		-		-		-		150,434		-
Commercial:
Non-owner occupied		-		-		-		-		229,831		-
Owner occupied		-		-		181		181		205,030		-
Land		-		-		-		-		25,022		-
Construction		-		-		-		-		202,166		-
Consumer:
Home equity lines of credit		-		109		-		109		39,411		13
Other		41		-		-		41		2,947		-
Total	$	4,384	$	311	$	7,778	$	12,473	$	1,727,020	$	7,269

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2023:



	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days or more Past Due		Total Past Due		Loans Not Past Due		Nonaccrual Loans Not 90 days or more Past Due
Commercial	$	98	$	-	$	622	$	720	$	439,175	$	4,426
Real estate:
Single-family residential		165		372		563		1,100		477,124		64
Multi-family residential		-		-		-		-		130,778		-
Commercial:
Non-owner occupied		-		-		-		-		228,548		-
Owner occupied		-		-		-		-		183,773		-
Land		-		-		-		-		20,705		-
Construction		-		-		-		-		190,722		-
Consumer:
Home equity lines of credit:
Originated for portfolio		97		-		17		114		35,846		-
Purchased for portfolio		-		-		-		-		-		-
Other		-		-		30		30		2,363		-
Total	$	360	$	372	$	1,232	$	1,964	$	1,709,034	$	4,490

Recorded Investment In Loans By Risk Category And Class Of Loans

The following table summarizes the risk grading of the Company’s loan portfolio by loan class and by year of origination for the years indicated as of December 31, 2024. Consumer and Single-family residential loans are not risk graded. For purposes of this disclosure, those loans are classified in the following manner: loans that are 89 days or less past due and accruing are “performing” loans and loans greater than 89 days past due or in nonaccrual are “nonperforming” loans.


	Term Loans (amortized cost basis by origination year)
	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial
Pass	$	39,955	$	26,619	$	67,069	$	82,579	$	43,556	$	8,224	$	132,853	$	-	$	400,855
Special Mention		-		-		285		-		-		2,922		2,966		-		6,173
Substandard		-		-		7,085		4,256		-		-		50		-		11,391
Doubtful		-		-		385		-		-		-		-		-		385
Total Commercial		39,955		26,619		74,824		86,835		43,556		11,146		135,869		-		418,804
Gross charge-offs during the year ended December 31, 2024		-		-		1,755		3,568		-		-		-		-		5,323
Real estate loans:
Single-family residential
Payment performance
Performing		29,278		33,749		121,984		215,330		42,272		21,255		-		-		463,868
Nonperforming		-		547		371		168		-		563		-		-		1,649
Total Single-family residential loans		29,278		34,296		122,355		215,498		42,272		21,818		-		-		465,517
Multi-family residential
Pass		30,570		24,798		7,628		49,647		2,520		26,424		-		-		141,587
Special Mention		-		-		-		-		4,252		4,595						8,847
Total Multi-family residential loans		30,570		24,798		7,628		49,647		6,772		31,019		-		-		150,434
Commercial:
Non-owner occupied
Pass		10,169		49,053		33,204		67,360		14,019		52,679		-		-		226,484
Special Mention		-		-		-		-		-		2,842		-		-		2,842
Substandard		-		-		-		-		-		505		-		-		505
Total Non-owner occupied loans		10,169		49,053		33,204		67,360		14,019		56,026		-		-		229,831
Owner occupied
Pass		18,424		42,191		51,788		47,174		17,707		26,659		-		-		203,943
Special Mention		-		-		-		-		589		-		-		-		589
Substandard		-		-		-		-		-		679						679
Total Owner occupied loans		18,424		42,191		51,788		47,174		18,296		27,338		-		-		205,211
Land
Pass		16,853		3,190		-		4,979		-		-		-		-		25,022
Total Land loans		16,853		3,190		-		4,979		-		-		-		-		25,022
Construction
Performing		420		-		-		1,607										2,027
Pass		51,031		57,409		68,536		19,632		3,531		-		-		-		200,139
Total Construction loans		51,451		57,409		68,536		21,239		3,531		-		-		-		202,166
Total Real Estate loans		156,745		210,937		283,511		405,897		84,890		136,201		-		-		1,278,181
Consumer:
Home equity lines of credit:
Payment performance
Performing		-		-		-		-		-		-		36,253		3,254		39,507
Nonperforming		-		-		-		-		-		-		-		13		13
Total Home equity lines of credit		-		-		-		-		-		-		36,253		3,267		39,520
Other
Payment performance																		-
Performing		488		-		-		-		6		178		2,316		-		2,988
Nonperforming		-		-		-		-		-		-		-		-		-
Total Other consumer loans		488		-		-		-		6		178		2,316		-		2,988
Gross charge-offs during the year ended December 31, 2024		-		-		-		-		-		-		280		-		280
Total loans	$	197,188	$	237,556	$	358,335	$	492,732	$	128,452	$	147,525	$	174,438	$	3,267	$	1,739,493
Total gross charge-offs during the year ended December 31, 2024	$	-	$	-	$	1,755	$	3,568	$	-	$	-	$	280	$	-	$	5,603

The following table summarizes the risk grading of the Company’s loan portfolio by loan class and by year of origination for the years indicated as of December 31, 2023. Consumer and Single-family residential loans are not risk graded. For purposes of this disclosure, those loans are classified in the following manner: loans that are 89 days or less past due and accruing are “performing” loans and loans greater than 89 days past due or in nonaccrual are “nonperforming” loans.


	Term Loans (amortized cost basis by origination year)
	2023		2022		2021		2020		2019		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial
Pass	$	32,965	$	86,433	$	90,297	$	45,670	$	3,189	$	9,888	$	159,065	$	1,078	$	428,585
Special Mention		-		-		2,807		-		84		-		-		-		2,891
Substandard		-		384		7,537		-		-		-		50		-		7,971
Doubtful		-		448		-		-		-		-		-		-		448
Total Commercial		32,965		87,265		100,641		45,670		3,273		9,888		159,115		1,078		439,895
Gross charge-offs for the year ended December 31, 2023		-		564		211		-		-		-		-		-		775
Real estate loans:
Single-family residential
Payment performance
Performing		42,655		131,416		231,379		45,785		9,584		16,778		-		-		477,597
Nonperforming		-		-		-		-		-		627		-		-		627
Doubtful																		-
Total Single-family residential loans		42,655		131,416		231,379		45,785		9,584		17,405		-		-		478,224
Multi-family residential
Pass		24,839		8,776		53,815		7,311		15,772		20,265		-		-		130,778
Total Multi-family residential loans		24,839		8,776		53,815		7,311		15,772		20,265		-		-		130,778
Commercial:
Non-owner occupied
Pass		57,092		27,068		61,990		15,085		20,101		45,725		982		-		228,043
Special Mention		-		-		-		-		505		-		-		-		505
Total Non-owner occupied loans		57,092		27,068		61,990		15,085		20,606		45,725		982		-		228,548
Owner occupied
Not Rated																		-
Pass		20,353		55,169		50,210		19,775		18,751		18,768		68		-		183,094
Special Mention		-		-		-		-		679		-		-		-		679
Total Owner occupied loans		20,353		55,169		50,210		19,775		19,430		18,768		68		-		183,773
Land
Pass		7,932		6,037		6,177		-		149		410		-		-		20,705
Total Land loans		7,932		6,037		6,177		-		149		410		-		-		20,705
Construction
Pass		31,739		78,602		61,435		4,174		-		-		14,772		-		190,722
Total Construction loans		31,739		78,602		61,435		4,174		-		-		14,772		-		190,722
Total Real Estate loans		184,610		307,068		465,006		92,130		65,541		102,573		15,822		-		1,232,750
Consumer:
Home equity lines of credit:
Payment performance
Performing		-		-		-		-		-		-		33,510		2,433		35,943
Nonperforming		-		-		-		-		-		-		-		17		17
Total Home equity lines of credit		-		-		-		-		-		-		33,510		2,450		35,960
Other
Payment performance
Performing		-		-		-		12		-		216		2,135		-		2,363
Nonperforming		-		-		-		-		-		-		-		30		30
Total Other consumer loans		-		-		-		12		-		216		2,135		30		2,393
Gross charge-offs for the year ended December 31, 2023		-		-		-		-		-		3		-		-		3
Total loans	$	217,575	$	394,333	$	565,647	$	137,812	$	68,814	$	112,677	$	210,582	$	3,558	$	1,710,998
Total gross charge-offs during the year ended December 31, 2023	$	-	$	564	$	211	$	-	$	-	$	3	$	-	$	-	$	778

Components Of Net Investment In Direct Financing Leases


	December 31, 2024		December 31, 2023
Total minimum lease payments to be received	$	8,009	$	14,343
Less: unearned income		(336)		(863)
Plus: Indirect initial costs		7		17
Net investment in direct financing leases	$	7,680	$	13,497

Summary Of Future Minimum Lease Payments Receivable


2025	$	4,875
2026		2,575
2027		513
2028		46
	$	8,009