XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.26.1

Loans, Leases and Allowance (Tables) | 3 Months Ended
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Mar. 31, 2026
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | The following table shows the composition of the loan and lease portfolio at March 31, 2026 and December 31, 2025:
| March 31, 2026 |  | December 31, 2025
Commercial mortgage | $ | 414,875 |  |  | $ | 414,316 |
Commercial and industrial | 145,214 |  |  | 142,508 |
Construction and development | 74,318 |  |  | 71,705 |
Multi-family | 208,034 |  |  | 208,894 |
Residential mortgage | 166,257 |  |  | 171,063 |
Home equity lines of credit | 21,398 |  |  | 20,147 |
Direct financing leases | 142,979 |  |  | 145,806 |
Consumer | 18,179 |  |  | 19,280 |
| 1,191,254 |  |  | 1,193,719 |
Less |  |  |
Allowance for credit losses on loans and leases | 16,740 |  |  | 16,466 |
Deferred loan fees | 392 |  |  | 440 |
| $ | 1,174,122 |  |  | $ | 1,176,813 |
Schedule of Financing Receivable Credit Quality Indicators | The following tables present the credit risk profile of the Company’s loan and lease portfolio based on rating category, payment activity, and origination year as of March 31, 2026 and December 31, 2025:
| 2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  | Revolving loans amortized cost basis |  | Total
As of March 31, 2026: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 4,220 |  |  | $ | 66,928 |  |  | $ | 30,684 |  |  | $ | 41,649 |  |  | $ | 80,511 |  |  | $ | 136,857 |  |  | $ | 45,505 |  |  | $ | 406,354 |
Special Mention | 873 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 873 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,648 |  |  | — |  |  | 7,648 |
Total Commercial mortgage | 5,093 |  |  | 66,928 |  |  | 30,684 |  |  | 41,649 |  |  | 80,511 |  |  | 144,505 |  |  | 45,505 |  |  | 414,875 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 5,127 |  |  | 23,299 |  |  | 13,967 |  |  | 20,297 |  |  | 5,497 |  |  | 20,067 |  |  | 55,166 |  |  | 143,420 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 137 |  |  | 29 |  |  | 1,628 |  |  | 1,794 |
Total Commercial and industrial | 5,127 |  |  | 23,299 |  |  | 13,967 |  |  | 20,297 |  |  | 5,634 |  |  | 20,096 |  |  | 56,794 |  |  | 145,214 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 7,680 |  |  | 36,194 |  |  | 6,735 |  |  | 1,913 |  |  | 1,509 |  |  | 15,387 |  |  | — |  |  | 69,418 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,900 |  |  | — |  |  | 4,900 |
Total Construction and development | 7,680 |  |  | 36,194 |  |  | 6,735 |  |  | 1,913 |  |  | 1,509 |  |  | 20,287 |  |  | — |  |  | 74,318 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,840 |  |  | 19,004 |  |  | 16,966 |  |  | 11,005 |  |  | 60,392 |  |  | 64,027 |  |  | 27,649 |  |  | 200,883 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 2,362 |  |  | 4,789 |  |  | — |  |  | 7,151 |
Total Multi-family | 1,840 |  |  | 19,004 |  |  | 16,966 |  |  | 11,005 |  |  | 62,754 |  |  | 68,816 |  |  | 27,649 |  |  | 208,034 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 2,852 |  |  | 21,079 |  |  | 13,536 |  |  | 29,155 |  |  | 24,279 |  |  | 69,537 |  |  | 4,077 |  |  | 164,515 |
Substandard | — |  |  | — |  |  | — |  |  | 107 |  |  | 46 |  |  | 1,589 |  |  | — |  |  | 1,742 |
Total Residential mortgage | 2,852 |  |  | 21,079 |  |  | 13,536 |  |  | 29,262 |  |  | 24,325 |  |  | 71,126 |  |  | 4,077 |  |  | 166,257 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 59 |  |  | 45 |  |  | — |  |  | 222 |  |  | — |  |  | 57 |  |  | 20,973 |  |  | 21,356 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | 30 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12 |  |  | 12 |
Total Home equity lines of credit | 59 |  |  | 45 |  |  | — |  |  | 222 |  |  | — |  |  | 57 |  |  | 21,015 |  |  | 21,398 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Direct financing leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 14,718 |  |  | 54,920 |  |  | 33,251 |  |  | 26,709 |  |  | 9,755 |  |  | 2,257 |  |  | — |  |  | 141,610 |
Substandard | — |  |  | 31 |  |  | 16 |  |  | 166 |  |  | 59 |  |  | 13 |  |  | — |  |  | 285 |
Doubtful | — |  |  | 76 |  |  | 239 |  |  | 530 |  |  | 220 |  |  | 19 |  |  | — |  |  | 1,084 |
Total Direct financing leases | 14,718 |  |  | 55,027 |  |  | 33,506 |  |  | 27,405 |  |  | 10,034 |  |  | 2,289 |  |  | — |  |  | 142,979 |
Current period gross charge-offs | — |  |  | 14 |  |  | 120 |  |  | 304 |  |  | 37 |  |  | 63 |  |  | — |  |  | 538 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,203 |  |  | 5,550 |  |  | 4,150 |  |  | 3,331 |  |  | 2,553 |  |  | 1,340 |  |  | — |  |  | 18,127 |
Substandard | — |  |  | — |  |  | — |  |  | 21 |  |  | 19 |  |  | 12 |  |  | — |  |  | 52 |
Total Consumer | 1,203 |  |  | 5,550 |  |  | 4,150 |  |  | 3,352 |  |  | 2,572 |  |  | 1,352 |  |  | — |  |  | 18,179 |
Current period gross charge-offs | 7 |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Total Loans and Leases | $ | 38,572 |  |  | $ | 227,126 |  |  | $ | 119,544 |  |  | $ | 135,105 |  |  | $ | 187,339 |  |  | $ | 328,528 |  |  | $ | 155,040 |  |  | $ | 1,191,254 |
Total current period gross charge-offs | $ | 7 |  |  | $ | 14 |  |  | $ | 120 |  |  | $ | 308 |  |  | $ | 37 |  |  | $ | 63 |  |  | $ | — |  |  | $ | 549 |
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Revolving loans amortized cost basis |  | Total
As of December 31, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 65,746 |  |  | $ | 28,457 |  |  | $ | 43,078 |  |  | $ | 81,156 |  |  | $ | 38,485 |  |  | $ | 104,920 |  |  | $ | 44,820 |  |  | $ | 406,662 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 7,654 |  |  | — |  |  | — |  |  | 7,654 |
Total Commercial mortgage | 65,746 |  |  | 28,457 |  |  | 43,078 |  |  | 81,156 |  |  | 46,139 |  |  | 104,920 |  |  | 44,820 |  |  | 414,316 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 24,361 |  |  | 14,524 |  |  | 21,342 |  |  | 6,601 |  |  | 9,148 |  |  | 11,218 |  |  | 53,505 |  |  | 140,699 |
Substandard | — |  |  | — |  |  | — |  |  | 173 |  |  | — |  |  | 30 |  |  | 1,606 |  |  | 1,809 |
Total Commercial and industrial | 24,361 |  |  | 14,524 |  |  | 21,342 |  |  | 6,774 |  |  | 9,148 |  |  | 11,248 |  |  | 55,111 |  |  | 142,508 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Construction and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 31,478 |  |  | 14,823 |  |  | 1,914 |  |  | 1,516 |  |  | 15,946 |  |  | 105 |  |  | — |  |  | 65,782 |
Special Mention | — |  |  | — |  |  | 429 |  |  | 594 |  |  | — |  |  | — |  |  | — |  |  | 1,023 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,900 |  |  | — |  |  | 4,900 |
Total Construction and development | 31,478 |  |  | 14,823 |  |  | 2,343 |  |  | 2,110 |  |  | 15,946 |  |  | 5,005 |  |  | — |  |  | 71,705 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 19,060 |  |  | 16,545 |  |  | 10,946 |  |  | 62,286 |  |  | 46,369 |  |  | 20,269 |  |  | 26,246 |  |  | 201,721 |
Substandard | — |  |  | — |  |  | — |  |  | 2,362 |  |  | 1,355 |  |  | 3,456 |  |  | — |  |  | 7,173 |
Total Multi-family | 19,060 |  |  | 16,545 |  |  | 10,946 |  |  | 64,648 |  |  | 47,724 |  |  | 23,725 |  |  | 26,246 |  |  | 208,894 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 25,873 |  |  | 14,224 |  |  | 29,613 |  |  | 24,979 |  |  | 25,038 |  |  | 46,869 |  |  | 2,944 |  |  | 169,540 |
Substandard | — |  |  | — |  |  | 234 |  |  | — |  |  | 446 |  |  | 843 |  |  | — |  |  | 1,523 |
Total Residential mortgage | 25,873 |  |  | 14,224 |  |  | 29,847 |  |  | 24,979 |  |  | 25,484 |  |  | 47,712 |  |  | 2,944 |  |  | 171,063 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 48 |  |  | — |  |  | 224 |  |  | — |  |  | 57 |  |  | — |  |  | 19,730 |  |  | 20,059 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 88 |  |  | 88 |
Total Home equity lines of credit | 48 |  |  | — |  |  | 224 |  |  | — |  |  | 57 |  |  | — |  |  | 19,818 |  |  | 20,147 |
Current period gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Direct financing leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 59,587 |  |  | 37,199 |  |  | 31,748 |  |  | 12,243 |  |  | 3,128 |  |  | 604 |  |  | — |  |  | 144,509 |
Substandard | — |  |  | 64 |  |  | 225 |  |  | 232 |  |  | 61 |  |  | — |  |  | — |  |  | 582 |
Doubtful | 40 |  |  | 212 |  |  | 392 |  |  | 38 |  |  | 33 |  |  | — |  |  | — |  |  | 715 |
Total Direct financing leases | 59,627 |  |  | 37,475 |  |  | 32,365 |  |  | 12,513 |  |  | 3,222 |  |  | 604 |  |  | — |  |  | 145,806 |
Current period gross charge-offs | 9 |  |  | 260 |  |  | 961 |  |  | 413 |  |  | 291 |  |  | 23 |  |  | — |  |  | 1,957 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 6,246 |  |  | 4,586 |  |  | 3,793 |  |  | 2,933 |  |  | 1,163 |  |  | 391 |  |  | 122 |  |  | 19,234 |
Substandard | — |  |  | — |  |  | 24 |  |  | — |  |  | 22 |  |  | — |  |  | — |  |  | 46 |
Total Consumer | 6,246 |  |  | 4,586 |  |  | 3,817 |  |  | 2,933 |  |  | 1,185 |  |  | 391 |  |  | 122 |  |  | 19,280 |
Current period gross charge-offs | 51 |  |  | 19 |  |  | 55 |  |  | 72 |  |  | 9 |  |  | 23 |  |  | — |  |  | 229 |
Total Loans and Leases | $ | 232,439 |  |  | $ | 130,634 |  |  | $ | 143,962 |  |  | $ | 195,113 |  |  | $ | 148,905 |  |  | $ | 193,605 |  |  | $ | 149,061 |  |  | $ | 1,193,719 |
Total current period gross charge-offs | $ | 60 |  |  | $ | 279 |  |  | $ | 1,016 |  |  | $ | 485 |  |  | $ | 302 |  |  | $ | 46 |  |  | $ | — |  |  | $ | 2,188 |
Schedule of Loans Classified by Aging Analysis | The following tables present the Company’s loan and lease portfolio aging analysis of the recorded investment in loans and leases as of March 31, 2026 and December 31, 2025:
| March 31, 2026
| Delinquent Loans and Leases |  | Current |  | Total Portfolio Loans and Leases |  | Total Loans and Leases > 90 Days Accruing
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days and Over |  | Total Past Due |  |  |
Commercial mortgage | $ | — |  |  | $ | 873 |  |  | $ | 7,435 |  |  | $ | 8,308 |  |  | $ | 406,567 |  |  | $ | 414,875 |  |  | $ | — |
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |  |  | 145,214 |  |  | 145,214 |  |  | — |
Construction and development | — |  |  | — |  |  | 4,900 |  |  | 4,900 |  |  | 69,418 |  |  | 74,318 |  |  | — |
Multi-family | 3,458 |  |  | — |  |  | 2,362 |  |  | 5,820 |  |  | 202,214 |  |  | 208,034 |  |  | — |
Residential mortgage | 739 |  |  | 701 |  |  | 1,742 |  |  | 3,182 |  |  | 163,075 |  |  | 166,257 |  |  | 1,665 |
Home equity | 199 |  |  | 7 |  |  | 13 |  |  | 219 |  |  | 21,179 |  |  | 21,398 |  |  | 13 |
Direct financing leases | 149 |  |  | 62 |  |  | — |  |  | 211 |  |  | 142,768 |  |  | 142,979 |  |  | — |
Consumer | 30 |  |  | 79 |  |  | 52 |  |  | 161 |  |  | 18,018 |  |  | 18,179 |  |  | 52 |
Totals | $ | 4,575 |  |  | $ | 1,722 |  |  | $ | 16,504 |  |  | $ | 22,801 |  |  | $ | 1,168,453 |  |  | $ | 1,191,254 |  |  | $ | 1,730 |
| December 31, 2025
| Delinquent Loans and Leases |  | Current |  | Total Portfolio Loans and Leases |  | Total Loans and Leases > 90 Days Accruing
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days and Over |  | Total Past Due |  |  |
Commercial mortgage | $ | — |  |  | $ | — |  |  | $ | 7,435 |  |  | $ | 7,435 |  |  | $ | 406,881 |  |  | $ | 414,316 |  |  | $ | — |
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |  |  | 142,508 |  |  | 142,508 |  |  | — |
Construction and development | — |  |  | — |  |  | 4,900 |  |  | 4,900 |  |  | 66,805 |  |  | 71,705 |  |  | — |
Multi-family | — |  |  | — |  |  | 2,362 |  |  | 2,362 |  |  | 206,532 |  |  | 208,894 |  |  | 2,362 |
Residential mortgage | 773 |  |  | 481 |  |  | 1,522 |  |  | 2,776 |  |  | 168,287 |  |  | 171,063 |  |  | 1,445 |
Home equity | 126 |  |  | 70 |  |  | 88 |  |  | 284 |  |  | 19,863 |  |  | 20,147 |  |  | 88 |
Direct financing leases | 511 |  |  | 296 |  |  | 299 |  |  | 1,106 |  |  | 144,700 |  |  | 145,806 |  |  | 299 |
Consumer | 148 |  |  | 50 |  |  | 46 |  |  | 244 |  |  | 19,036 |  |  | 19,280 |  |  | 46 |
Totals | $ | 1,558 |  |  | $ | 897 |  |  | $ | 16,652 |  |  | $ | 19,107 |  |  | $ | 1,174,612 |  |  | $ | 1,193,719 |  |  | $ | 4,240 |
Schedule of Financing Receivable, Nonaccrual | The following table presents information on the Company’s nonaccrual loans and leases at March 31, 2026 and December 31, 2025:
| March 31, 2026 |  | December 31, 2025
| Nonaccrual loans and leases |  | Nonaccrual loans and leases without an allowance for credit losses |  | Nonaccrual loans and leases |  | Nonaccrual loans and leases without an allowance for credit losses
Commercial mortgage | $ | 7,436 |  |  | $ | 6,732 |  |  | $ | 7,435 |  |  | $ | 6,732 |
Commercial and industrial | 29 |  |  | — |  |  | 30 |  |  | — |
Construction and development | 4,900 |  |  | — |  |  | 4,900 |  |  | — |
Multi-family | 2,362 |  |  | 2,362 |  |  | — |  |  | — |
Residential mortgage | 76 |  |  | 76 |  |  | 76 |  |  | 76 |
Direct financing leases | 1,084 |  |  | 1,084 |  |  | 715 |  |  | 715 |
Total nonaccrual loans and leases | $ | 15,887 |  |  | $ | 10,254 |  |  | $ | 13,156 |  |  | $ | 7,523 |
The following tables present the Company's amortized cost basis of collateral dependent loans, and their respective collateral type, which are individually analyzed to determine expected credit losses as of March 31, 2026 and December 31, 2025:
| March 31, 2026
| Commercial Real Estate |  | Multi-family Housing |  | Residential Real Estate |  | Home Equity Line of Credit |  | Other |  | Total |  | Allowance on Collateral Dependent Loans
Commercial mortgage | $ | 8,309 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8,309 |  |  | $ | 460 |
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |  |  | 1,628 |  |  | 1,628 |  |  | — |
Construction and development | 4,900 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,900 |  |  | 1,750 |
Multi-family | — |  |  | 7,151 |  |  | — |  |  | — |  |  | — |  |  | 7,151 |  |  | 250 |
Residential mortgage | — |  |  | — |  |  | 240 |  |  | — |  |  | — |  |  | 240 |  |  | — |
Home equity | — |  |  | — |  |  | — |  |  | 30 |  |  | — |  |  | 30 |  |  | — |
Total | $ | 13,209 |  |  | $ | 7,151 |  |  | $ | 240 |  |  | $ | 30 |  |  | $ | 1,628 |  |  | $ | 22,258 |  |  | $ | 2,460 |
| December 31, 2025
| Commercial Real Estate |  | Multi-family Housing |  | Residential Real Estate |  | Other |  | Total |  | Allowance on Collateral Dependent Loans
Commercial mortgage | $ | 7,435 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,435 |  |  | $ | 150 |
Commercial and industrial | — |  |  | — |  |  | — |  |  | 1,607 |  |  | 1,607 |  |  | — |
Construction and development | 5,923 |  |  | — |  |  | — |  |  | — |  |  | 5,923 |  |  | 1,750 |
Multi-family | — |  |  | 7,174 |  |  | — |  |  | — |  |  | 7,174 |  |  | 250 |
Residential mortgage | — |  |  | — |  |  | 124 |  |  | — |  |  | 124 |  |  | — |
Total | $ | 13,358 |  |  | $ | 7,174 |  |  | $ | 124 |  |  | $ | 1,607 |  |  | $ | 22,263 |  |  | $ | 2,150 |
Schedule of Direct Financing Lease, Lease Income | The following lists the components of the net investment in direct financing leases:
| March 31, 2026 |  | December 31, 2025
Total minimum lease payments to be received | $ | 163,342 |  |  | $ | 166,565 |
Initial direct costs | 9,192 |  |  | 9,422 |
| 172,534 |  |  | 175,987 |
Less: Unearned income | (29,555) |  |  | (30,181) |
Net investment in direct finance leases | $ | 142,979 |  |  | $ | 145,806 |
Schedule of Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity | The following table summarizes the future minimum lease payments receivable subsequent to March 31, 2026:
Remainder of 2026 | $ | 49,542 |
2027 | 51,705 |
2028 | 35,090 |
2029 | 19,014 |
2030 | 7,302 |
Thereafter | 689 |
| $ | 163,342 |
Schedule of Financing Receivable, Allowance for Credit Loss | The following tables summarize changes in the allowance for credit losses by segment for the three months ended March 31, 2026 and 2025, respectively:
| Balances, December 31, 2025 |  | Provision for (reversal of) credit losses |  | Charge-offs |  | Recoveries |  | Balances, March 31, 2026
Commercial mortgage | $ | 4,575 |  |  | $ | 238 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,813 |
Commercial and industrial | 1,812 |  |  | (14) |  |  | — |  |  | 10 |  |  | 1,808 |
Construction and development | 2,298 |  |  | 165 |  |  | — |  |  | — |  |  | 2,463 |
Multi-family | 2,336 |  |  | (9) |  |  | — |  |  | — |  |  | 2,327 |
Residential mortgage | 1,833 |  |  | (47) |  |  | — |  |  | 1 |  |  | 1,787 |
Home equity | 189 |  |  | 11 |  |  | — |  |  | — |  |  | 200 |
Direct financing leases | 3,075 |  |  | 292 |  |  | (538) |  |  | 177 |  |  | 3,006 |
Consumer | 348 |  |  | (15) |  |  | (11) |  |  | 14 |  |  | 336 |
Total | $ | 16,466 |  |  | $ | 621 |  |  | $ | (549) |  |  | $ | 202 |  |  | $ | 16,740 |
| Balances, December 31, 2024 |  | Provision for (reversal of) credit losses |  | Charge-offs |  | Recoveries |  | Balances, March 31, 2025
Commercial mortgage | $ | 4,486 |  |  | $ | 248 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,734 |
Commercial and industrial | 1,483 |  |  | 138 |  |  | — |  |  | 2 |  |  | 1,623 |
Construction and development | 2,243 |  |  | (242) |  |  | — |  |  | — |  |  | 2,001 |
Multi-family | 2,660 |  |  | 147 |  |  | — |  |  | — |  |  | 2,807 |
Residential mortgage | 1,910 |  |  | (29) |  |  | — |  |  | 20 |  |  | 1,901 |
Home equity | 184 |  |  | 12 |  |  | — |  |  | — |  |  | 196 |
Direct financing leases | 2,469 |  |  | 409 |  |  | (518) |  |  | 107 |  |  | 2,467 |
Consumer | 356 |  |  | — |  |  | (40) |  |  | 33 |  |  | 349 |
Total | $ | 15,791 |  |  | $ | 683 |  |  | $ | (558) |  |  | $ | 162 |  |  | $ | 16,078 |
The following table details activity in the allowance for credit losses on unfunded commitments during the three months ended March 31, 2026 and 2025:
| Three Months Ended March 31,
| 2026 |  | 2025
Beginning balance | $ | 328 |  |  | $ | 558 |
Provision for credit losses | 72 |  |  | 48 |
Ending balance | $ | 400 |  |  | $ | 606 |

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- 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://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 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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