Loans And Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Loans And Allowance For Credit Losses [Abstract]


	As of	As of
	March 31, 2025	December 31, 2024
Commercial	$ 59,976	$ 66,418
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	154,630	140,443
Commercial Mortgages-Non-Owner Occupied	205,132	195,089
Commercial Construction/Land	11,537	23,883
Consumer:
Consumer Open-End	52,759	50,041
Consumer Closed-End	27,362	28,269
Residential:
Residential Mortgages	111,652	113,303
Residential Consumer Construction/Land	26,361	26,150

Total loans	$ 649,409	$ 643,596

Less allowance for credit losses	7,021	7,044

Net loans	$ 642,388	$ 636,552

Amortized Cost Basis Of Collateral Dependent Loans


Collateral Dependent Loans	March 31, 2025
(dollars in thousands)	Business/Other Assets	Real Estate
Commercial	$ 4,181	$ -
Commercial Real Estate	-	7,239
Consumer	-	583
Residential	-	1,610
Total	$ 4,181	$ 9,432


Collateral Dependent Loans	December 31, 2024
(dollars in thousands)	Business/Other Assets	Real Estate
Commercial	$ 3,315	$ -
Commercial Real Estate	-	7,350
Consumer	-	592
Residential	-	1,369
Total	$ 3,315	$ 9,311

Allowance For Credit Losses And Recorded Investment In Loans


	Allowance for Credit Losses and Recorded Investment in Loans
	(dollars in thousands)
	As of and For the Three Months Ended March 31, 2025

		Commercial
2025	Commercial	Real Estate	Consumer	Residential	Total

Allowance for Credit Losses:

Beginning Balance, December 31, 2024	$ 686	$ 3,719	$ 842	$ 1,797	$ 7,044
Charge-Offs	-	-	(53)	(9)	(62)
Recoveries	4	-	7	-	11
Provision for (recovery of)	(158)	196	41	(51)	28
Ending Balance, March 31, 2025	$ 532	$ 3,915	$ 837	$ 1,737	$ 7,021


	As of and For the Three Months Ended March 31, 2024

		Commercial
2024	Commercial	Real Estate	Consumer	Residential	Total

Allowance for Credit Losses:

Beginning Balance, December 31, 2023	$ 514	$ 3,985	$ 1,093	$ 1,820	$ 7,412
Charge-Offs	(8)	-	(57)	-	(65)
Recoveries	65	1	7	1	74
Provision for (recovery of)	73	(344)	(159)	(71)	(501)
Ending Balance, March 31, 2024	$ 644	$ 3,642	$ 884	$ 1,750	$ 6,920

Amortized Cost Basis By Origination Year


	Term Loans Amortized Cost Basis by Origination Year
	2025	2024	2023	2022	2021	Prior	Revolving Loans Amortized Cost Basis	Revolving Loans Converted to Term	Total
Commercial:
Risk Rating
Pass	$ 1,013	$ 10,527	$ 3,331	$ 2,783	$ 6,511	$ 15,554	$ 15,889	$ 24	$ 55,632
Special Mention	-	-	-	37	74	-	-	-	111
Substandard	-	-	911	12	40	553	2,569	148	4,233
Total	$ 1,013	$ 10,527	$ 4,242	$ 2,832	$ 6,625	$ 16,107	$ 18,458	$ 172	$ 59,976

Commercial Real Estate:
Commercial Mort. - Owner Occupied
Risk Rating
Pass	$ 5,890	$ 25,000	$ 8,888	$ 22,227	$ 46,021	$ 39,929	$ 1,496	$ 151	$ 149,602
Special Mention	-	-	-	-	-	251	-	-	251
Substandard	-	-	92	-	2,851	1,834	-	-	4,777
Total	$ 5,890	$ 25,000	$ 8,980	$ 22,227	$ 48,872	$ 42,014	$ 1,496	$ 151	$ 154,630

Commercial Mort. - Non-Owner Occupied
Risk Rating
Pass	$ 10,573	$ 40,536	$ 12,005	$ 48,663	$ 27,010	$ 57,824	$ 6,404	$ -	$ 203,015
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	944	-	1,173	-	-	2,117
Total	$ 10,573	$ 40,536	$ 12,005	$ 49,607	$ 27,010	$ 58,997	$ 6,404	$ -	$ 205,132

Commercial Construction/Land
Risk Rating
Pass	$ 1,899	$ 1,820	$ 1,485	$ 378	$ 2,689	$ 2,508	$ 414	$ -	$ 11,193
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	344	-	-	-	344
Total	$ 1,899	$ 1,820	$ 1,485	$ 378	$ 3,033	$ 2,508	$ 414	$ -	$ 11,537

Consumer:
Consumer - Open-End
Risk Rating
Pass	$ -	$ -	$ -	$ -	$ -	$ -	$ 51,023	$ 1,336	$ 52,359
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	-	400	400
Total	$ -	$ -	$ -	$ -	$ -	$ -	$ 51,023	$ 1,736	$ 52,759

Consumer - Closed-End
Risk Rating
Pass	$ 375	$ 6,282	$ 4,388	$ 9,294	$ 363	$ 6,390	$ -	$ -	$ 27,092
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	36	-	118	-	116	-	-	270
Total	$ 375	$ 6,318	$ 4,388	$ 9,412	$ 363	$ 6,506	$ -	$ -	$ 27,362

Residential:
Residential Mortgages
Risk Rating
Pass	$ 416	$ 18,192	$ 23,501	$ 22,557	$ 8,962	$ 35,847	$ -	$ -	$ 109,475
Special Mention	-	-	-	-	-	72	-	-	72
Substandard	-	-	-	515	-	1,590	-	-	2,105
Total	$ 416	$ 18,192	$ 23,501	$ 23,072	$ 8,962	$ 37,509	$ -	$ -	$ 111,652


Residential Consumer Construction/Land
Risk Rating
Pass	$ 3,193	$ 11,963	$ 5,006	$ 2,340	$ 1,137	$ 2,722	$ -	$ -	$ 26,361
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	-	-	-
Total	$ 3,193	$ 11,963	$ 5,006	$ 2,340	$ 1,137	$ 2,722	$ -	$ -	$ 26,361

Totals:
Risk Rating
Pass	$ 23,359	$ 114,320	$ 58,604	$ 108,242	$ 92,693	$ 160,774	$ 75,226	$ 1,511	$ 634,729
Special Mention	-	-	-	37	74	323	-	-	434
Substandard	-	36	1,003	1,589	3,235	5,266	2,569	548	14,246
Total	$ 23,359	$ 114,356	$ 59,607	$ 109,868	$ 96,002	$ 166,363	$ 77,795	$ 2,059	$ 649,409

‎

Note 8 – Loans and allowance for credit losses (continued)

The table below details the amortized cost of the classes of loans by credit quality indicator and year of origination as of December 31, 2024.


	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
Risk Rating
Pass	$ 10,412	$ 3,680	$ 2,901	$ 7,188	$ 734	$ 16,070	$ 21,602	$ 341	$ 62,928
Special Mention	-	-	41	79	-	-	-	-	120
Substandard	-	922	13	43	-	569	1,654	169	3,370
Total	$ 10,412	$ 4,602	$ 2,955	$ 7,310	$ 734	$ 16,639	$ 23,256	$ 510	$ 66,418

Commercial Real Estate:
Commercial Mort. - Owner Occupied
Risk Rating
Pass	$ 21,261	$ 8,959	$ 21,770	$ 39,881	$ 5,663	$ 35,869	$ 1,564	$ 153	$ 135,120
Special Mention	-	-	-	-	-	451	-	-	451
Substandard	-	93	-	2,898	44	1,837	-	-	4,872
Total	$ 21,261	$ 9,052	$ 21,770	$ 42,779	$ 5,707	$ 38,157	$ 1,564	$ 153	$ 140,443

Commercial Mort. - Non-Owner Occupied
Risk Rating
Pass	$ 39,659	$ 12,203	$ 49,273	$ 27,410	$ 9,698	$ 49,206	$ 6,467	$ -	$ 193,916
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	1,173	-	-	-	1,173
Total	$ 39,659	$ 12,203	$ 49,273	$ 27,410	$ 10,871	$ 49,206	$ 6,467	$ -	$ 195,089

Commercial Construction/Land
Risk Rating
Pass	$ 7,180	$ 1,496	$ 768	$ 9,497	$ 1,976	$ 1,020	$ 641	$ -	$ 22,578
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	951	354	-	-	-	-	1,305
Total	$ 7,180	$ 1,496	$ 1,719	$ 9,851	$ 1,976	$ 1,020	$ 641	$ -	$ 23,883

Consumer:
Consumer - Open-End
Risk Rating
Pass	$ -	$ -	$ -	$ -	$ -	$ -	$ 48,531	$ 1,110	$ 49,641
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	-	400	400
Total	$ -	$ -	$ -	$ -	$ -	$ -	$ 48,531	$ 1,510	$ 50,041

Consumer - Closed-End
Risk Rating
Pass	$ 6,660	$ 4,548	$ 9,634	$ 382	$ 398	$ 6,366	$ -	$ -	$ 27,988
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	37	-	119	-	-	125	-	-	281
Total	$ 6,697	$ 4,548	$ 9,753	$ 382	$ 398	$ 6,491	$ -	$ -	$ 28,269

Residential:
Residential Mortgages
Risk Rating
Pass	$ 18,418	$ 23,905	$ 22,954	$ 9,082	$ 8,376	$ 28,572	$ -	$ -	$ 111,307
Special Mention	-	-	-	-	-	73	-	-	73
Substandard	-	-	265	-	103	1,555	-	-	1,923
Total	$ 18,418	$ 23,905	$ 23,219	$ 9,082	$ 8,479	$ 30,200	$ -	$ -	$ 113,303


Residential Consumer Construction/Land
Risk Rating
Pass	$ 12,522	$ 6,375	$ 2,436	$ 1,161	$ 848	$ 2,808	$ -	$ -	$ 26,150
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	-	-	-
Total	$ 12,522	$ 6,375	$ 2,436	$ 1,161	$ 848	$ 2,808	$ -	$ -	$ 26,150

Totals:
Risk Rating
Pass	$ 116,112	$ 61,166	$ 109,736	$ 94,601	$ 27,693	$ 139,911	$ 78,805	$ 1,604	$ 629,628
Special Mention	-	-	41	79	-	524	-	-	644
Substandard	37	1,015	1,348	3,295	1,320	4,086	1,654	569	13,324
Total	$ 116,149	$ 62,181	$ 111,125	$ 97,975	$ 29,013	$ 144,521	$ 80,459	$ 2,173	$ 643,596

‎

Gross Charge-Offs By Origination Year


Current Period Gross Charge-Offs by Origination Year (in thousands)


As of March 31, 2025	2025	2024	2023	2022	2021	Prior	Revolving Loans Amortized Cost Basis	Revolving Loans Converted to Term	Total
Commercial	-	-	-	$ -	-	-	-	-	-
Commercial Real Estate:	-	-	-	-	-	-	-		-
Commercial Mortgages-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Mortgages-Non-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Construction/ Land	-	-	-	-	-	-	-	-	-
Consumer:	-	-	-		-	-	-	-	-
Consumer Open-End	-	-	-	48	-	5	-	-	53
Consumer Closed-End	-	-	-	-	-	-	-	-	-
Residential:	-	-	-	-	-	-	-	-	-
Residential Mortgages	-	-	-	-	-	9	-	-	9
Residential Consumer Construction/Land	-	-	-	-	-	-	-	-	-

Total	$ -	$ -	$ -	$ 48	$ -	$ 14	$ -	$ -	$ 62


As of December 31, 2024	2024	2023	2022	2021	2020	Prior	Revolving Loans Amortized Cost Basis	Revolving Loans Converted to Term	Total
Commercial	$ -	$ 8	$ -	$ -	$ -	$ -	$ -	$ -	$ 8
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Mortgages-Non-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Construction/Land	-	-	-	-	-	-	-	-	-

Consumer:
Consumer Open-End	-	-	-	-	-	2	-	-	2
Consumer Closed-End	-	-	74	-	-	-	-	-	74
Residential:
Residential Mortgages	-	-	-	-	-	-	-	-	-
Residential Consumer Construction/Land	-	-	-	-	-	-	-	-	-

Total	$ -	$ 8	$ 74	$ -	$ -	$ 2	$ -	$ -	$ 84

Loans On Non-Accrual Status


	March 31, 2025
	Nonaccrual Loans
	With No Allowance	With an Allowance	Total
Commercial	$ 393	$ 72	$ 465
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	35	-	35
Commercial Mortgages-Non-Owner Occupied	-	-	-
Commercial Construction/Land	344	-	344
Consumer
Consumer Open-End	-	-	-
Consumer Closed-End	184	-	184
Residential:
Residential Mortgages	770	-	770
Residential Consumer Construction/Land	-	-	-
Total	$ 1,726	$ 72	$ 1,798


	December 31, 2024
	Nonaccrual Loans
	With No Allowance	With an Allowance	Total
Commercial	$ 279	$ 193	$ 472
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	43	-	43
Commercial Mortgages-Non-Owner Occupied	-	-	-
Commercial Construction/Land	354	-	354
Consumer
Consumer Open-End	-	-	-
Consumer Closed-End	192	-	192
Residential:
Residential Mortgages	579	-	579
Residential Consumer Construction/Land	-	-	-
Total	$ 1,447	$ 193	$ 1,640

Age Analysis Of Past Due Financing Receivables


Age Analysis of Past Due Loans as of March 31, 2025
														Recorded
						Greater								Investment
2025		30-59 Days		60-89 Days		than		Total Past				Total		> 90 Days &
		Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
Commercial	$	24	$	-	$	398	$	422	$	59,554	$	59,976	$	—
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		75		-		-		75		154,555		154,630		-
Commercial Mortgages-Non-Owner Occupied		82		-		-		82		205,050		205,132		-
Commercial Construction/Land		-		-		-		-		11,537		11,537		-
Consumer:
Consumer Open-End		371		40		-		411		52,348		52,759		-
Consumer Closed-End		109		118		-		227		27,135		27,362		-
Residential:
Residential Mortgages		329		126		97		552		111,100		111,652		-
Residential Consumer Construction/Land		-		-		-		-		26,361		26,361		-
Total	$	990	$	284	$	495	$	1,769	$	647,640	$	649,409	$	-


Age Analysis of Past Due Loans as of December 31, 2024

2024						Greater								Investment
		30-59 Days		60-89 Days		than		Total Past				Total		> 90 Days &
		Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
Commercial	$	—	$	398	$	74	$	472	$	65,946	$	66,418	$	—
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		—		—		43		43		140,400		140,443		—
Commercial Mortgages-Non-Owner Occupied		—		—		—		—		195,089		195,089		—
Commercial Construction/Land		—		—		—		—		23,883		23,883		—
Consumer:
Consumer Open-End		39		1		—		40		50,001		50,041		—
Consumer Closed-End		112		73		—		185		28,084		28,269		—
Residential:
Residential Mortgages		174		358		340		872		112,431		113,303		—
Residential Consumer Construction/Land		—		—		—		—		26,150		26,150		—
Total	$	325	$	830	$	457	$	1,612	$	641,984	$	643,596	$	—

Allowance For Credit Losses On Unfunded Commitments


Allowance for Credit Losses on Unfunded Commitments
Balance, December 31, 2024	$ 543
Provision for credit losses	109
Balance March 31, 2025	$ 652

Balance, December 31, 2023	$ 665
Recovery of credit losses	(52)
Balance March 31, 2024	$ 613