XML 43 R32.htm IDEA: XBRL DOCUMENT

Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2025

Loans and Allowance for Credit Losses [Abstract]

Schedule of Composition of the Loan Portfolio

The following table summarizes the composition of the loan portfolio:

		Total Loans
($ in thousands)		September 30, 2025				December 31, 2024

Commercial & industrial		$	117,581			$	124,764
Commercial real estate - owner occupied			137,442				134,431
Commercial real estate - nonowner occupied			397,865				345,142
Agricultural			65,150				64,680
Residential real estate			309,140				308,378
Home equity line of credit (HELOC)			64,306				53,811
Consumer			19,061				15,529

Total loans			1,110,545				1,046,735
Allowance for credit losses			(15,943	)			(15,096	)

Loans, net		$	1,094,602			$	1,031,639

Schedule of Activity Related to the Allowance for Credit Losses (ACL)

The following tables summarize the activity related to the ACL for the three and nine months ended September 30, 2025, and September 30, 2024, and for the twelve months ended December 31, 2024.

($ in thousands) For the three months ended September 30, 2025		Balance, beginning of period				Initial allowance for credit losses on acquired PCD loans				Chargeoffs				Recoveries				Provision (benefit) for Credit Losses				Balance, end of period

Commercial & industrial		$	1,928			$	-			$	-			$	-			$	(16	)		$	1,912
Commercial real estate - owner occupied			1,837				-				-				-				63				1,900
Commercial real estate - nonowner occupied			6,533				-				-				-				170				6,703
Agricultural			244				-				-				-				8				252
Residential real estate			4,247				-				-				-				(33	)			4,214
HELOC			633				-				-				3				34				670
Consumer			223				-				(11	)			6				74				292
Total		$	15,645			$	-			$	(11	)		$	9			$	300			$	15,943

($ in thousands) For the nine months ended September 30, 2025		Balance, beginning of period				Initial allowance for credit losses on acquired PCD loans				Chargeoffs				Recoveries				Provision (benefit) for Credit Losses				Balance, end of period

Commercial & industrial		$	2,666			$	5			$	(61	)		$	-			$	(698	)		$	1,912
Commercial real estate - owner occupied			1,806				-				-				-				94				1,900
Commercial real estate - nonowner occupied			5,721				-				-				2				980				6,703
Agricultural			884				-				-				-				(632	)			252
Residential real estate			3,330				-				-				-				884				4,214
HELOC			520				-				(4	)			3				151				670
Consumer			169				-				(81	)			9				195				292
Total		$	15,096			$	5			$	(146	)		$	14			$	974			$	15,943

($ in thousands) For the three months ended September 30, 2024						Balance, beginning of period				Chargeoffs				Recoveries				Provision (benefit) for Credit Losses				Balance, end of period

Commercial & industrial						$	2,755			$	-			$	-			$	(179	)		$	2,576
Commercial real estate - owner occupied							1,967				-				-				(130	)			1,837
Commercial real estate - nonowner occupied							5,449				-				-				82				5,531
Agricultural							912				-				-				(48	)			864
Residential real estate							3,798				-				-				(52	)			3,746
HELOC							534				-				-				11				545
Consumer							197				(29	)			2				9				179
Total						$	15,612			$	(29	)		$	2			$	(307	)		$	15,278

($ in thousands) For the nine months ended September 30, 2024						Balance, beginning of period				Chargeoffs				Recoveries				Provision (benefit) for Credit Losses				Balance, end of period

Commercial & industrial						$	2,003			$	(42	)		$	6			$	609			$	2,576
Commercial real estate - owner occupied							1,952				-				-				(115	)			1,837
Commercial real estate - nonowner occupied							5,718				-				-				(187	)			5,531
Agricultural							440				-				-				424				864
Residential real estate							4,936				-				-				(1,190	)			3,746
HELOC							510				-				-				35				545
Consumer							227				(53	)			21				(16	)			179
Total						$	15,786			$	(95	)		$	27			$	(440	)		$	15,278

($ in thousands) For the twelve months ended December 31, 2024						Balance, beginning of period				Chargeoffs				Recoveries				Provision (benefit) for Credit Losses				Balance, end of period

Commercial & industrial						$	2,003			$	(233	)		$	5			$	891			$	2,666
Commercial real estate - owner occupied							1,952				-				-				(146	)			1,806
Commercial real estate - nonowner occupied							5,718				-				-				3				5,721
Agricultural							440				-				-				444				884
Residential real estate							4,936				(3	)			-				(1,603	)			3,330
HELOC							510				-				-				10				520
Consumer							227				(53	)			34				(39	)			169
Total						$	15,786			$	(289	)		$	39			$	(440	)		$	15,096

Schedule of Presents an Analysis of Collateral-Dependent Loans

The following table presents an analysis of collateral-dependent loans of the Company as of September 30, 2025, and December 31, 2024.

($ in thousands)										Collateral Type												Allocated
September 30, 2025										Real Estate				Other				Total				Allowance

Commercial & industrial										$	1,644			$	721			$	2,365			$	65
Commercial real estate - owner occupied											429				-				429				13
Commercial real estate - nonowner occupied											144				-				144				-
Agricultural											-				-				-				-
Residential real estate											782				-				782				22
HELOC											-				-				-				-
Consumer											-				-				-				-
Total										$	2,999			$	721			$	3,720			$	100

($ in thousands)										Collateral Type												Allocated
December 31, 2024										Real Estate				Other				Total				Allowance

Commercial & industrial										$	2,252			$	625			$	2,877			$	380
Commercial real estate - owner occupied											429				-				429				13
Commercial real estate - nonowner occupied											370				-				370				-
Agricultural											-				-				-				-
Residential real estate											801				-				801				26
HELOC											-				-				-				-
Consumer											-				-				-				-
Total										$	3,852			$	625			$	4,477			$	419

Schedule of Loan Balances by Credit Quality Indicators and Gross Chargeoffs

The following table presents loan balances by credit quality indicators and gross chargeoffs by loan category and year of origination as of September 30, 2025.

($ in thousands)		Term Loans by Year of Origination																								Revolving				Revolving Loans Converted
September 30, 2025		2025				2024				2023				2022				2021				Prior				Loans				to Term				Total

Commercial & industrial
Pass (1 - 4)		$	14,622			$	19,952			$	10,335			$	10,180			$	12,208			$	16,186			$	30,479			$	404			$	114,366
Special Mention (5)			-				32				-				-				235				120				225				339				951
Substandard (6)			-				57				285				153				-				158				99				213				965
Doubtful (7)			-				-				153				433				204				481				-				28				1,299
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	14,622			$	20,041			$	10,773			$	10,766			$	12,647			$	16,945			$	30,803			$	984			$	117,581
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	33			$	28			$	-			$	61

Commercial real estate - owner occupied
Pass (1 - 4)		$	24,279			$	18,882			$	22,647			$	15,142			$	20,507			$	32,291			$	3,032			$	231			$	137,011
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				-				-				430				-				-				430
Doubtful (7)			-				-				-				-				-				1				-				-				1
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	24,279			$	18,882			$	22,647			$	15,142			$	20,507			$	32,722			$	3,032			$	231			$	137,442
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Commercial real estate - nonowner occupied
Pass (1 - 4)		$	61,548			$	97,771			$	40,303			$	49,538			$	36,599			$	104,009			$	7,844			$	-			$	397,612
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				144				-				109				-				-				253
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	61,548			$	97,771			$	40,303			$	49,682			$	36,599			$	104,118			$	7,844			$	-			$	397,865
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Agricultural
Pass (1 - 4)		$	8,754			$	6,305			$	6,485			$	12,853			$	10,016			$	9,031			$	11,694			$	12			$	65,150
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				-				-				-				-				-				-
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	8,754			$	6,305			$	6,485			$	12,853			$	10,016			$	9,031			$	11,694			$	12			$	65,150
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Residential real estate
Pass (1 - 4)		$	21,812			$	26,315			$	39,352			$	95,161			$	69,651			$	55,336			$	1			$	-			$	307,628
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				263				99				240				910				-				-				1,512
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	21,812			$	26,315			$	39,615			$	95,260			$	69,891			$	56,246			$	1			$	-			$	309,140
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Home equity line of credit (HELOC)
Pass (1 - 4)		$	443			$	-			$	88			$	97			$	272			$	53			$	56,485			$	6,675			$	64,113
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				-				-				38				85				70				193
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	443			$	-			$	88			$	97			$	272			$	91			$	56,570			$	6,745			$	64,306
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	4			$	-			$	-			$	4

Consumer
Pass (1 - 4)		$	5,237			$	1,320			$	1,654			$	2,462			$	837			$	1,048			$	6,501			$	-			$	19,059
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				2				-				-				-				-				2
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	5,237			$	1,320			$	1,654			$	2,464			$	837			$	1,048			$	6,501			$	-			$	19,061
Current period gross chargeoffs		$	-			$	2			$	4			$	-			$	-			$	-			$	75			$	-			$	81

Total Loans
Pass (1 - 4)		$	136,695			$	170,545			$	120,864			$	185,433			$	150,090			$	217,954			$	116,036			$	7,322			$	1,104,939
Special Mention (5)			-				32				-				-				235				120				225				339				951
Substandard (6)			-				57				548				398				240				1,645				184				283				3,355
Doubtful (7)			-				-				153				433				204				482				-				28				1,300
Loss (8)			-				-				-				-				-				-				-				-				-
Total Loans		$	136,695			$	170,634			$	121,565			$	186,264			$	150,769			$	220,201			$	116,445			$	7,972			$	1,110,545
Current period gross chargeoffs		$	-			$	2			$	4			$	-			$	-			$	37			$	103			$	-			$	146

The following table presents loan balances by credit quality indicators and gross chargeoffs by loan category and year of origination as of December 31, 2024.

($ in thousands)		Term Loans by Year of Origination																								Revolving				Revolving Loans Converted
December 31, 2024		2024				2023				2022				2021				2020				Prior				Loans				to Term				Total

Commercial & industrial
Pass (1 - 4)		$	22,688			$	12,927			$	12,813			$	14,207			$	9,101			$	10,022			$	36,363			$	3,204			$	121,325
Special Mention (5)			-				355				-				-				133				-				25				-				513
Substandard (6)			-				-				585				-				-				673				1,147				88				2,493
Doubtful (7)			-				153				-				204				-				48				-				28				433
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	22,688			$	13,435			$	13,398			$	14,411			$	9,234			$	10,743			$	37,535			$	3,320			$	124,764
Current period gross chargeoffs		$	-			$	42			$	25			$	23			$	143			$	-			$	-			$	-			$	233

Commercial real estate - owner occupied
Pass (1 - 4)		$	15,070			$	30,372			$	20,002			$	24,406			$	13,491			$	30,140			$	463			$	49			$	133,993
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				-				430				-				-				-				430
Doubtful (7)			-				-				-				7				-				1				-				-				8
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	15,070			$	30,372			$	20,002			$	24,413			$	13,921			$	30,141			$	463			$	49			$	134,431
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Commercial real estate - nonowner occupied
Pass (1 - 4)		$	94,098			$	47,026			$	50,942			$	40,584			$	39,093			$	72,609			$	118			$	-			$	344,470
Special Mention (5)			398				-				-				-				-				-				-				-				398
Substandard (6)			-				-				154				-				-				120				-				-				274
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	94,496			$	47,026			$	51,096			$	40,584			$	39,093			$	72,729			$	118			$	-			$	345,142
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Agricultural
Pass (1 - 4)		$	8,100			$	8,295			$	14,482			$	10,748			$	2,618			$	8,967			$	11,470			$	-			$	64,680
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				-				-				-				-				-				-
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	8,100			$	8,295			$	14,482			$	10,748			$	2,618			$	8,967			$	11,470			$	-			$	64,680
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Residential real estate
Pass (1 - 4)		$	31,291			$	41,982			$	100,375			$	76,146			$	28,237			$	28,797			$	-			$	-			$	306,828
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				279				-				256				50				965				-				-				1,550
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	31,291			$	42,261			$	100,375			$	76,402			$	28,287			$	29,762			$	-			$	-			$	308,378
Current period gross chargeoffs		$	-			$	-			$	-			$	3			$	-			$	-			$	-			$	-			$	3

Home equity line of credit (HELOC)
Pass (1 - 4)		$	-			$	-			$	-			$	12			$	18			$	51			$	46,908			$	6,591			$	53,580
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				-				-				-				48				139				44				231
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	-			$	-			$	-			$	12			$	18			$	99			$	47,047			$	6,635			$	53,811
Current period gross chargeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Consumer
Pass (1 - 4)		$	1,909			$	1,993			$	3,247			$	725			$	319			$	94			$	7,229			$	-			$	15,516
Special Mention (5)			-				-				-				-				-				-				-				-				-
Substandard (6)			-				-				13				-				-				-				-				-				13
Doubtful (7)			-				-				-				-				-				-				-				-				-
Loss (8)			-				-				-				-				-				-				-				-				-
Total		$	1,909			$	1,993			$	3,260			$	725			$	319			$	94			$	7,229			$	-			$	15,529
Current period gross chargeoffs		$	-			$	-			$	-			$	5			$	2			$	-			$	46			$	-			$	53

Total Loans
Pass (1 - 4)		$	173,156			$	142,595			$	201,861			$	166,828			$	92,877			$	150,680			$	102,551			$	9,844			$	1,040,392
Special Mention (5)			398				355				-				-				133				-				25				-				911
Substandard (6)			-				279				752				256				480				1,806				1,286				132				4,991
Doubtful (7)			-				153				-				211				-				49				-				28				441
Loss (8)			-				-				-				-				-				-				-				-				-
Total Loans		$	173,554			$	143,382			$	202,613			$	167,295			$	93,490			$	152,535			$	103,862			$	10,004			$	1,046,735
Current period gross chargeoffs		$	-			$	42			$	25			$	31			$	145			$	-			$	46			$	-			$	289

Schedule of Company’s Loan Portfolio Aging Analysis

The following tables present the Company’s loan portfolio aging analysis as of September 30, 2025, and December 31, 2024.

($ in thousands)		30-59 Days				60-89 Days				90 Days or Greater				Total Past
September 30, 2025		Past Due				Past Due				Past Due				Due				Current				Total Loans

Commercial & industrial		$	-			$	347			$	1,957			$	2,304			$	115,277			$	117,581
Commercial real estate - owner occupied			-				-				429				429				137,013				137,442
Commercial real estate - nonowner occupied			207				-				206				413				397,452				397,865
Agricultural			-				-				-				-				65,150				65,150
Residential real estate			21				573				629				1,223				307,917				309,140
HELOC			90				136				100				326				63,980				64,306
Consumer			159				146				-				305				18,756				19,061
Total Loans		$	477			$	1,202			$	3,321			$	5,000			$	1,105,545			$	1,110,545

		30-59 Days				60-89 Days				90 Days or Greater				Total Past
December 31, 2024		Past Due				Past Due				Past Due				Due				Current				Total Loans

Commercial & industrial		$	354			$	-			$	2,927			$	3,281			$	121,483			$	124,764
Commercial real estate - owner occupied			-				-				429				429				134,002				134,431
Commercial real estate - nonowner occupied			-				-				370				370				344,772				345,142
Agricultural			-				-				-				-				64,680				64,680
Residential real estate			215				1,021				787				2,023				306,355				308,378
HELOC			131				15				130				276				53,535				53,811
Consumer			193				27				-				220				15,309				15,529
Total Loans		$	893			$	1,063			$	4,643			$	6,599			$	1,040,136			$	1,046,735

Schedule of Categories of Nonaccrual Loans

The categories of nonaccrual loans as of September 30, 2025, and December 31, 2024, are presented in the following tables.

		September 30, 2025
($ in thousands)		Nonaccrual loans with no allowance				Nonaccrual loans with an allowance				Total nonaccrual loans

Commercial & industrial		$	2,181			$	62			$	2,243
Commercial real estate - owner occupied			-				429				429
Commercial real estate - nonowner occupied			349				-				349
Agricultural			-				-				-
Residential real estate			1,293				107				1,400
Home equity line of credit (HELOC)			193				-				193
Consumer			2				-				2

Total loans		$	4,018			$	598			$	4,616

		December 31, 2024
($ in thousands)		Nonaccrual loans with no allowance				Nonaccrual loans with an allowance				Total nonaccrual loans

Commercial & industrial		$	2,301			$	626			$	2,927
Commercial real estate - owner occupied			7				430				437
Commercial real estate - nonowner occupied			370				-				370
Agricultural			-				-				-
Residential real estate			1,428				111				1,539
Home equity line of credit (HELOC)			231				-				231
Consumer			12				-				12

Total loans		$	4,349			$	1,167			$	5,516

Schedule of Activity in the ACL for Unfunded Loan Commitments

The following table presents the balance and activity in the ACL for unfunded loan commitments for the three and nine months ended September 30, 2025, and September 30, 2024.

		Three Months Ended September 30,								Nine Months Ended September 30,
($ in thousands)		2025				2024				2025				2024
Balance, beginning of period		$	1,650			$	909			$	1,340			$	776
Adjustment for acquired loans			-				-				3
Provision for unfunded commitments			(176	)			507				131				640
Balance, end of period		$	1,474			$	1,416			$	1,474			$	1,416