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Loans And Leases (Tables)

6 Months Ended

Jun. 30, 2025

Loans And Leases [Abstract]

Recorded Investment In Loans By Portfolio Segment

The following table presents the recorded investment in loans and leases by portfolio segment. The recorded investment in loans and leases includes the principal balance outstanding adjusted for purchase premiums and discounts, and deferred loan fees and costs.


	June 30, 2025					December 31, 2024
	(unaudited)
Commercial (1)	$		421,809			$		418,804
Real estate:
Single-family residential			437,659					465,517
Multi-family residential			156,634					150,434
Commercial			506,621					460,064
Construction			204,835					202,166
Consumer:
Home equity lines of credit			42,805					39,520
Other			3,567					2,988
Subtotal			1,773,930					1,739,493
Less: ACL – Loans			(19,122	)				(17,474	)
Loans and leases, net	$		1,754,808			$		1,722,019

(1)

Includes $4,990 and $7,680 of commercial leases at June 30, 2025 and December 31, 2024, respectively.

Activity In ALLL By Portfolio Segment

The following tables present the activity in the ACL - Loans by portfolio segment for the three and six months ended June 30, 2025 and 2024 (unaudited).


		Three Months Ended June 30, 2025 (unaudited)
					Real Estate													Consumer
		Commercial			Single- family			Multi- family			Commercial			Construction			Home equity lines of credit			Other			Total

Allowance for credit losses
Balances, April 1, 2025		$	7,830		$	2,493		$	1,211		$	3,874		$	1,752		$	391		$	252		$	17,803
Provision (reversal) for credit losses			1,357			(143)			(150)			(6)			244			(7)			75			1,370
Recoveries on loans			4			10			—			—			—			-			—			14
Loans charged off			(65)			—			—			—			—			—			-			(65)
Balances, June 30, 2025		$	9,126		$	2,360		$	1,061		$	3,868		$	1,996		$	384		$	327		$	19,122


		Six Months Ended June 30, 2025 (unaudited)
							Real Estate																					Consumer
		Commercial					Single- family					Multi- family					Commercial					Construction					Home equity lines of credit					Other					Total
Allowance for credit losses
Balances, January 1, 2025		$		7,005			$		2,787			$		1,382			$		3,918			$		1,741			$		371			$		270			$		17,474
Provision (reversal) for credit losses				2,188					(419	)				(321	)				(50	)				255					12					57					1,722
Recoveries on loans				65					19					—					—					—					1					—					85
Loans charged off				(132	)				(27	)				—					—					—					—					—					(159	)
Balances, June 30, 2025		$		9,126			$		2,360			$		1,061			$		3,868			$		1,996			$		384			$		327			$		19,122


		Three Months Ended June 30, 2024 (unaudited)
					Real Estate													Consumer
		Commercial			Single-family			Multi-family			Commercial			Construction			Home equity lines of credit			Other			Total

Allowance for credit losses
Balances, April 1, 2024		$	7,518		$	3,331		$	1,147		$	4,298		$	1,279		$	335		$	290		$	18,198
Provision (reversal) for credit losses			3,105			(32)			(132)			(10)			(43)			46			261			3,195
Recoveries on loans			6			7			—			—			—			2			—			15
Loans charged off			(1,873)			—			—			—			—			—			(250)			(2,123)
Balances, June 30, 2024		$	8,756		$	3,306		$	1,015		$	4,288		$	1,236		$	383		$	301		$	19,285


		Six Months Ended June 30, 2024 (unaudited)
							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 (reversal) for credit losses				4,733					(80	)				(216	)				183					(471	)				45					318					4,512
Recoveries on loans				12					15					—					—					—					4					—					31
Loans charged off				(1,873	)				—					—					—					—					—					(250	)				(2,123	)
Balances, June 30, 2024		$		8,756			$		3,306			$		1,015			$		4,288			$		1,236			$		383			$		301			$		19,285

Schedule Of Collateral-Dependent Loans By Loan Segment

The tables below present the amortized cost basis of collateral dependent loans by loan class and their respective collateral types, which are individually evaluated to determine expected credit losses.


	June 30, 2025 (unaudited)
	Residential Real Estate					Other					Total					Allowance on Collateral Dependent Loans
Commercial	$		—			$		9,814			$		9,814			$		3,862
Real estate:
Single-family residential			83					—					83					—
Commercial:
Owner occupied			—					694					694					—
Total	$		83			$		10,508			$		10,591			$		3,862


	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

Recorded Investment In Nonaccrual and Nonperforming Loans By Class Of Loans

The following table presents the recorded investment in nonaccrual loans by class of loans at June 30, 2025 (unaudited):


	Nonaccrual Loans					Nonaccrual Loans with no Allowance for Credit Losses
Commercial	$		14,577			$		651
Real estate:
Single-family residential			1,255					1,255
Commercial:
Owner occupied			694					694
Consumer:
Home equity lines of credit			106					106
Total nonaccrual loans	$		16,632			$		2,706

The following table presents the recorded investment in nonaccrual loans by class of loans at December 31, 2024.


	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

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 June 30, 2025 (unaudited):


	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	$		2,225			$		1,110			$		10,021			$		13,356			$		408,453			$		4,556
Real estate:
Single-family residential			—					—					1,095					1,095					436,564					160
Multi-family residential			—					—					—					—					156,634					—
Commercial:
Non-owner occupied			—					—					—					—					264,382					—
Owner occupied			—					—					694					694					208,699					—
Land			—					—					—					—					32,846					—
Construction			—					—					—					—					204,835					—
Consumer:
Home equity lines of credit			-					—					95					95					42,710					11
Other			—					—					—					—					3,567					—
Total	$		2,225			$		1,110			$		11,905			$		15,240			$		1,758,690			$		4,727

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:
Originated for portfolio			—					—					—					—					—					—
Purchased for portfolio			—					109					—					109					39,411					13
Other			41					—					—					41					2,947					—
Total	$		4,384			$		311			$		7,778			$		12,473			$		1,727,020			$		7,269

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 June 30, 2025. 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)
(unaudited)	2025			2024			2023			2022			2021			Prior			Revolving loans amortized cost basis			Revolving loans converted to term			Total
Commercial
Pass	$	41,818		$	32,105		$	24,170		$	57,174		$	72,229		$	45,979		$	129,866		$	1,925		$	405,266
Special Mention		—			—			139			—			57			2,849			—			—			3,045
Substandard		—			1,328			—			7,000			4,321			414			50			—			13,113
Doubtful		—			—			—			385			—			—			—			—			385
Total Commercial		41,818			33,433			24,309			64,559			76,607			49,242			129,916			1,925			421,809
Gross charge-offs during the six months ended June 30, 2025		—			—			—			—			132			—			—			—			132
Real estate loans:
Single-family residential
Payment performance
Performing		5,544			28,500			27,387			110,168			209,874			54,930			—			—			436,403
Nonperforming		—			—			—			371			160			725			—			—			1,256
Total Single-family residential loans		5,544			28,500			27,387			110,539			210,034			55,655			—			—			437,659
Gross charge-offs during the six months ended June 30, 2025		—			—			27			—			—			—			—			—			27
Multi-family residential
Pass		—			30,506			31,856			11,316			52,113			22,046			—			—			147,837
Special Mention																	8,797									8,797
Total Multi-family residential loans		—			30,506			31,856			11,316			52,113			30,843			—			—			156,634
Commercial:
Non-owner occupied
Pass		37,794			8,454			45,790			40,188			71,462			60,694			—			—			264,382
Total Non-owner occupied loans		37,794			8,454			45,790			40,188			71,462			60,694			—			—			264,382
Owner occupied
Pass		5,521			18,194			41,779			58,332			43,627			40,568			—			—			208,021
Substandard		—			—			—			694			—			678			—			—			1,372
Total Owner occupied loans		5,521			18,194			41,779			59,026			43,627			41,246			—			—			209,393
Land
Pass		4,186			20,764			3,195			—			4,701			—			—			—			32,846
Total Land loans		4,186			20,764			3,195			—			4,701			—			—			—			32,846
Construction
Not Rated		273			532			—			—			—			—			—			—			805
Pass		16,933			76,295			58,718			43,816			4,737			3,531			—			—			204,030
Total Construction loans		17,206			76,827			58,718			43,816			4,737			3,531			—			—			204,835
Total Real Estate loans		70,251			183,245			208,725			264,885			386,674			191,969			—			—			1,305,749
Consumer:
Home equity lines of credit:
Payment performance
Performing		—			—			—			—			—			—			41,779			919			42,698
Nonperforming		—			—			—			—			—			—			95			12			107
Total Home equity lines of credit		—			—			—			—			—			—			41,874			931			42,805
Other
Performing		—			479			—			—			—			166			2,922			—			3,567
Total Other consumer loans		—			479			—			—			—			166			2,922			—			3,567
Total loans	$	112,069		$	217,157		$	233,034		$	329,444		$	463,281		$	241,377		$	174,712		$	2,856		$	1,773,930
Total gross charge-offs during the six months ended June 30, 2025	$	—		$	—		$	27		$	—		$	132		$	—		$	—		$	—		$	159

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.


	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 for 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 for 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

Components Of Net Investment In Direct Financing Leases

The following lists the components of the net investment in direct financing leases:


	June 30, 2025					December 31, 2024
	(unaudited)
Total minimum lease payments to be received	$		5,161			$		8,009
Less: Unearned income			(174	)				(336	)
Plus: Indirect initial costs			3					7
Net investment in direct financing leases	$		4,990			$		7,680

Summary Of Future Minimum Lease Payments Receivable

The following summarizes the future minimum lease payments receivable in fiscal year 2025 and in subsequent fiscal years:


2025, excluding the six months ended June 30, 2025		$		2,248
2026				2,400
2027				467
2028				46
2029				—
Thereafter				—
Total future minimum payments		$		5,161