XML 35 R24.htm IDEA: XBRL DOCUMENT

Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Loans and Allowance for Credit Losses


	June 30,		December 31,
(In thousands)	2025		2024

1-4 Family Residential Mortgage	$	144,621	$	138,936
Home Equity and Second Mortgage		68,613		66,549
Multifamily Residential		46,348		36,822
1-4 Family Residential Construction		19,297		15,245
Other Construction, Development and Land		69,271		75,840
Commercial Real Estate		188,690		184,851
Commercial Business		64,230		62,727
Consumer and Other		56,708		58,406
Principal loan balance		657,778		639,376

Deferred loan origination fees and costs, net		1,124		1,104
Allowance for credit losses		(9,728)		(9,281)

Loans, net	$	649,174	$	631,199


									Other
	1-4 Family		Home Equity				1-4 Family		Construction,
	Residential		and Second		Multifamily		Residential		Development		Commercial		Commercial		Consumer
	Mortgage		Mortgage		Residential		Construction		and Land		Real Estate		Business		and Other		Total

	(In thousands)
Amortized Cost Basis in Loans:
Principal loan balance	$	144,621	$	68,613	$	46,348	$	19,297	$	69,271	$	188,690	$	64,230	$	56,708	$	657,778

Net deferred loan origination fees and costs		88		1,222		(16)		—		(30)		(138)		(2)		—		1,124

Amortized cost basis in loans	$	144,709	$	69,835	$	46,332	$	19,297	$	69,241	$	188,552	$	64,228	$	56,708	$	658,902


									Other
	1-4 Family		Home Equity				1-4 Family		Construction,
	Residential		and Second		Multifamily		Residential		Development		Commercial		Commercial		Consumer
	Mortgage		Mortgage		Residential		Construction		and Land		Real Estate		Business		and Other		Total

	(In thousands)
Amortized Cost Basis in Loans:
Principal loan balance	$	138,936	$	66,549	$	36,822	$	15,245	$	75,840	$	184,851	$	62,727	$	58,406	$	639,376

Net deferred loan origination fees and costs		98		1,206		(17)		—		(29)		(145)		(9)		—		1,104

Amortized cost basis in loans	$	139,034	$	67,755	$	36,805	$	15,245	$	75,811	$	184,706	$	62,718	$	58,406	$	640,480

Schedule of analysis of the changes in the ACL on loan


									Other
	1-4 Family		Home Equity				1-4 Family		Construction,
	Residential		and Second		Multifamily		Residential		Development		Commercial		Commercial		Consumer
	Mortgage		Mortgage		Residential		Construction		and Land		Real Estate		Business		and Other		Total

	(In thousands)
ACL on Loans:

Beginning balance	$	1,438	$	567	$	431	$	223	$	1,179	$	2,328	$	2,337	$	1,032	$	9,535
Provision for credit losses		69		201		32		24		(484)		704		(122)		(118)		306
Charge-offs		—		—		—		—		—		—		(56)		(111)		(167)
Recoveries		4		—		—		—		—		—		21		29		54

Ending balance	$	1,511	$	768	$	463	$	247	$	695	$	3,032	$	2,180	$	832	$	9,728


									Other
	1-4 Family		Home Equity				1-4 Family		Construction,
	Residential		and Second		Multifamily		Residential		Development		Commercial		Commercial		Consumer
	Mortgage		Mortgage		Residential		Construction		and Land		Real Estate		Business		and Other		Total

	(In thousands)
ACL on Loans:

Beginning balance	$	1,338	$	444	$	423	$	192	$	811	$	2,754	$	1,302	$	966	$	8,230
Provision for credit losses		(46)		114		(81)		(13)		(8)		(407)		617		184		360
Charge-offs		(3)		—		—		—		—		—		—		(82)		(85)
Recoveries		13		1		—		—		—		—		1		40		55

Ending balance	$	1,302	$	559	$	342	$	179	$	803	$	2,347	$	1,920	$	1,108	$	8,560


									Other
	1-4 Family		Home Equity				1-4 Family		Construction,
	Residential		and Second		Multifamily		Residential		Development		Commercial		Commercial		Consumer
	Mortgage		Mortgage		Residential		Construction		and Land		Real Estate		Business		and Other		Total

	(In thousands)
ACL on Loans:

Beginning balance	$	1,592	$	478	$	545	$	184	$	588	$	2,459	$	2,424	$	1,011	$	9,281
Provision for credit losses		(88)		290		(82)		63		107		573		(183)		(36)		644
Charge-offs		—		—		—		—		—		—		(83)		(211)		(294)
Recoveries		7		—		—		—		—		—		22		68		97

Ending balance	$	1,511	$	768	$	463	$	247	$	695	$	3,032	$	2,180	$	832	$	9,728


									Other
	1-4 Family		Home Equity				1-4 Family		Construction,
	Residential		and Second		Multifamily		Residential		Development		Commercial		Commercial		Consumer
	Mortgage		Mortgage		Residential		Construction		and Land		Real Estate		Business		and Other		Total

	(In thousands)
ACL on Loans:

Beginning balance	$	1,490	$	406	$	332	$	208	$	804	$	2,119	$	1,431	$	1,215	$	8,005
Provision for credit losses		(198)		149		10		(29)		(1)		227		488		(6)		640
Charge-offs		(4)		—		—		—		—		—		—		(181)		(185)
Recoveries		14		4		—		—		—		1		1		80		100

Ending balance	$	1,302	$	559	$	342	$	179	$	803	$	2,347	$	1,920	$	1,108	$	8,560

Schedule of the amortized cost basis of, and ACL allocation to, individually evaluated collateral-dependent loans


	June 30, 2025
	Real								ACL
	Estate		Equipment		Other		Total		Allocation

	(In thousands)

1-4 Family Residential Mortgage	$	1,539	$	—	$	—	$	1,539	$	—
Home Equity and Second Mortgage		627		—		—		627		—
Multifamily Residential		—		—		—		—		—
1-4 Family Residential Construction		92		—		—		92		55
Other Construction, Development and Land		109		—		—		109		—
Commercial Real Estate		3,465		—		—		3,465		—
Commercial Business		—		1,806		142		1,948		1,233
Consumer and Other		—		—		—		—		—
	$	5,832	$	1,806	$	142	$	7,780	$	1,288


	December 31, 2024
	Real								ACL
	Estate		Equipment		Other		Total		Allocation

	(In thousands)

1-4 Family Residential Mortgage	$	1,613	$	—	$	—	$	1,613	$	—
Home Equity and Second Mortgage		714		—		—		714		—
Multifamily Residential		—		—		—		—		—
1-4 Family Residential Construction		90		—		—		90		54
Other Construction, Development and Land		106		—		—		106		—
Commercial Real Estate		3,912		—		—		3,912		—
Commercial Business		—		1,926		155		2,081		1,233
Consumer and Other		—		—		—		—		—
	$	6,435	$	1,926	$	155	$	8,516	$	1,287

Schedule of nonaccrual status and loans 90 days or more past due and still accruing


							Loans 90+ Days		Total
	Nonaccrual Loans		Nonaccrual Loans		Total		Past Due		Nonperforming
	with No ACL		with An ACL		Nonaccrual		Still Accruing		Loans

	(In thousands)

1-4 Family Residential Mortgage	$	1,060	$	—	$	1,060	$	—	$	1,060
Home Equity and Second Mortgage		420		—		420		—		420
Multifamily Residential		—		—		—		—		—
1-4 Family Residential Construction		—		92		92		—		92
Other Construction, Development and Land		62		—		62		—		62
Commercial Real Estate		413		—		413		—		413
Commercial Business		99		1,846		1,945		—		1,945
Consumer and Other		—		—		—		—		—

Total	$	2,054	$	1,938	$	3,992	$	—	$	3,992


							Loans 90+ Days		Total
	Nonaccrual Loans		Nonaccrual Loans		Total		Past Due		Nonperforming
	with No ACL		with An ACL		Nonaccrual		Still Accruing		Loans

	(In thousands)

1-4 Family Residential Mortgage	$	1,186	$	—	$	1,186	$	—	$	1,186
Home Equity and Second Mortgage		568		—		568		—		568
Multifamily Residential		—		—		—		—		—
1-4 Family Residential Construction		—		90		90		—		90
Other Construction, Development and Land		59		—		59		—		59
Commercial Real Estate		413		—		413		—		413
Commercial Business		99		1,967		2,066		—		2,066
Consumer and Other		—		—		—		—		—

Total	$	2,325	$	2,057	$	4,382	$	—	$	4,382

Schedule of the aging of the amortized cost basis in loans


	30-59 Days		60-89 Days		90 Days or More		Total				Total
	Past Due		Past Due		Past Due		Past Due		Current		Loans

	(In thousands)

1-4 Family Residential Mortgage	$	1,685	$	201	$	668	$	2,554	$	142,155	$	144,709
Home Equity and Second Mortgage		345		89		105		539		69,296		69,835
Multifamily Residential		—		—		—		—		46,332		46,332
1-4 Family Residential Construction		—		—		92		92		19,205		19,297
Other Construction, Development and Land		49		—		62		111		69,130		69,241
Commercial Real Estate		311		706		413		1,430		187,122		188,552
Commercial Business		—		—		140		140		64,088		64,228
Consumer and Other		289		23		—		312		56,396		56,708

Total	$	2,679	$	1,019	$	1,480	$	5,178	$	653,724	$	658,902


	30-59 Days		60-89 Days		90 Days or More		Total				Total
	Past Due		Past Due		Past Due		Past Due		Current		Loans

	(In thousands)

1-4 Family Residential Mortgage	$	1,758	$	205	$	828	$	2,791	$	136,243	$	139,034
Home Equity and Second Mortgage		269		202		148		619		67,136		67,755
Multifamily Residential		—		—		—		—		36,805		36,805
1-4 Family Residential Construction		—		—		90		90		15,155		15,245
Other Construction, Development and Land		98		25		59		182		75,629		75,811
Commercial Real Estate		252		1,027		413		1,692		183,014		184,706
Commercial Business		80		25		140		245		62,473		62,718
Consumer and Other		472		54		—		526		57,880		58,406

Total	$	2,929	$	1,538	$	1,678	$	6,145	$	634,335	$	640,480

Schedule of the risk category of loans by class of loans


	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving		Total

June 30, 2025:	(In thousands)
1-4 Family Residential Mortgage
Pass	$	15,361	$	20,997	$	30,173	$	24,711	$	21,787	$	29,758	$	—	$	142,787
Special Mention		—		—		—		91		92		199		—		382
Substandard		—		—		—		—		—		481		—		481
Doubtful		—		—		31		37		121		870		—		1,059
	$	15,361	$	20,997	$	30,204	$	24,839	$	22,000	$	31,308	$	—	$	144,709

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home Equity and Second Mortgage
Pass	$	1,002	$	1,550	$	3,539	$	3,140	$	291	$	346	$	59,321	$	69,189
Special Mention		—		—		—		—		—		—		19		19
Substandard		—		—		—		—		—		—		207		207
Doubtful		—		—		—		—		—		420		—		420
	$	1,002	$	1,550	$	3,539	$	3,140	$	291	$	766	$	59,547	$	69,835

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily Residential
Pass	$	1,189	$	964	$	6,102	$	18,095	$	8,395	$	11,587	$	—	$	46,332
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	1,189	$	964	$	6,102	$	18,095	$	8,395	$	11,587	$	—	$	46,332

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 Family Residential Construction
Pass	$	5,674	$	10,689	$	1,197	$	668	$	—	$	977	$	—	$	19,205
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		92		—		—		92
	$	5,674	$	10,689	$	1,197	$	668	$	92	$	977	$	—	$	19,297

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other Construction, Development and Land
Pass	$	6,976	$	16,106	$	23,515	$	17,648	$	1,261	$	3,626	$	—	$	69,132
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		47		—		47
Doubtful		—		—		—		—		—		62		—		62
	$	6,976	$	16,106	$	23,515	$	17,648	$	1,261	$	3,735	$	—	$	69,241

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Real Estate
Pass	$	5,853	$	23,058	$	19,126	$	46,976	$	25,862	$	57,005	$	2,180	$	180,060
Special Mention		201		—		1,044		1,902		—		1,775		105		5,027
Substandard		—		311		706		—		549		1,486		—		3,052
Doubtful		—		—		—		—		—		413		—		413
	$	6,054	$	23,369	$	20,876	$	48,878	$	26,411	$	60,679	$	2,285	$	188,552

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving		Total

June 30, 2025:	(In thousands)
Commercial Business
Pass	$	9,286	$	6,229	$	9,010	$	8,035	$	7,919	$	8,677	$	12,474	$	61,630
Special Mention		35		414		11		27		52		9		60		608
Substandard		—		—		—		—		44		—		—		44
Doubtful		—		—		107		1,806		—		33		—		1,946
	$	9,321	$	6,643	$	9,128	$	9,868	$	8,015	$	8,719	$	12,534	$	64,228

Current period gross write-offs	$	—	$	—	$	33	$	50	$	—	$	—	$	—	$	83

Consumer and Other
Pass	$	11,664	$	14,586	$	12,750	$	5,831	$	2,180	$	7,415	$	2,137	$	56,563
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		145		145
Doubtful		—		—		—		—		—		—		—		—
	$	11,664	$	14,586	$	12,750	$	5,831	$	2,180	$	7,415	$	2,282	$	56,708

Current period gross write-offs	$	—	$	90	$	50	$	18	$	—	$	4	$	49	$	211

Total Loans
Pass	$	57,005	$	94,179	$	105,412	$	125,104	$	67,695	$	119,391	$	76,112	$	644,898
Special Mention		236		414		1,055		2,020		144		1,983		184		6,036
Substandard		—		311		706		—		593		2,014		352		3,976
Doubtful		—		—		138		1,843		213		1,798		—		3,992
	$	57,241	$	94,904	$	107,311	$	128,967	$	68,645	$	125,186	$	76,648	$	658,902

Current period gross write-offs	$	—	$	90	$	83	$	68	$	—	$	4	$	49	$	294


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving		Total

December 31, 2024:	(In thousands)
1-4 Family Residential Mortgage
Pass	$	22,095	$	31,871	$	26,756	$	23,181	$	5,824	$	27,218	$	—	$	136,945
Special Mention		—		31		—		—		—		445		—		476
Substandard		—		—		—		—		—		427		—		427
Doubtful		—		—		41		154		73		918		—		1,186
	$	22,095	$	31,902	$	26,797	$	23,335	$	5,897	$	29,008	$	—	$	139,034

Home Equity and Second Mortgage
Pass	$	2,014	$	3,962	$	3,617	$	353	$	182	$	242	$	56,590	$	66,960
Special Mention		—		—		—		—		—		—		80		80
Substandard		—		—		—		—		—		—		147		147
Doubtful		—		—		—		—		—		568		—		568
	$	2,014	$	3,962	$	3,617	$	353	$	182	$	810	$	56,817	$	67,755

Multifamily Residential
Pass	$	964	$	3,534	$	11,820	$	8,505	$	7,663	$	4,319	$	—	$	36,805
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	964	$	3,534	$	11,820	$	8,505	$	7,663	$	4,319	$	—	$	36,805

1-4 Family Residential Construction
Pass	$	12,186	$	1,498	$	642	$	—	$	829	$	—	$	—	$	15,155
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		90		—		—		—		90
	$	12,186	$	1,498	$	642	$	90	$	829	$	—	$	—	$	15,245


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving		Total

December 31, 2024:	(In thousands)
Other Construction, Development and Land
Pass	$	11,687	$	26,093	$	31,645	$	1,823	$	1,443	$	3,014	$	—	$	75,705
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		47		—		47
Doubtful		—		—		—		—		—		59		—		59
	$	11,687	$	26,093	$	31,645	$	1,823	$	1,443	$	3,120	$	—	$	75,811

Commercial Real Estate
Pass	$	22,024	$	20,478	$	41,583	$	26,748	$	19,760	$	44,237	$	2,129	$	176,959
Special Mention		—		511		3,032		—		—		292		—		3,835
Substandard		311		716		—		557		211		1,704		—		3,499
Doubtful		—		—		—		—		—		413		—		413
	$	22,335	$	21,705	$	44,615	$	27,305	$	19,971	$	46,646	$	2,129	$	184,706

Commercial Business
Pass	$	8,414	$	10,636	$	9,590	$	8,699	$	4,750	$	4,543	$	12,895	$	59,527
Special Mention		486		149		130		126		15		—		162		1,068
Substandard		—		—		—		57		—		—		—		57
Doubtful		—		107		1,926		—		—		33		—		2,066
	$	8,900	$	10,892	$	11,646	$	8,882	$	4,765	$	4,576	$	13,057	$	62,718

Consumer and Other
Pass	$	18,932	$	16,555	$	8,274	$	3,574	$	810	$	7,554	$	2,577	$	58,276
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		130		130
Doubtful		—		—		—		—		—		—		—		—
	$	18,932	$	16,555	$	8,274	$	3,574	$	810	$	7,554	$	2,707	$	58,406

Total Loans
Pass	$	98,316	$	114,627	$	133,927	$	72,883	$	41,261	$	91,127	$	74,191	$	626,332
Special Mention		486		691		3,162		126		15		737		242		5,459
Substandard		311		716		—		614		211		2,178		277		4,307
Doubtful		—		107		1,967		244		73		1,991		—		4,382
	$	99,113	$	10,892	$	139,056	$	73,867	$	41,560	$	96,033	$	74,710	$	640,480