XML 37 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Loans And Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]  
Schedule of Loan Portfolio

As of September 30, 2025 and December 31, 2024, the composition of the loan portfolio by portfolio segment was as follows:

 

 

September 30, 2025

 

December 31, 2024

 

Real estate loans:

 

 

 

 

Construction, land development and other land loans

$

38,560

 

$

65,537

 

Secured by 1-4 family residential properties

 

67,620

 

 

69,999

 

Secured by multi-family residential properties

 

112,763

 

 

101,057

 

Secured by non-residential commercial real estate

 

211,400

 

 

227,751

 

Commercial and industrial loans and leases ("C&I") (1)

 

46,562

 

 

44,238

 

Consumer loans:

 

 

 

 

Direct

 

4,999

 

 

4,774

 

Indirect

 

385,616

 

 

309,683

 

Total loans

 

867,520

 

 

823,039

 

   Less: Allowance for credit losses on loans and leases

 

10,700

 

 

10,184

 

 Net loans (2)

$

856,820

 

$

812,855

 

 

 

 

(1)
Includes equipment financing leases, which totaled $13.4 million as of September 30, 2025 and $14.2 million as of December 31, 2024.
(2)
Loans are presented net of unearned income and unamortized deferred fees and costs of $0.7 million and $0.8 million as of September 30, 2025 and December 31, 2024, respectively. Loans are also presented net of unamortized premiums associated with indirect loans of $15.8 million and $10.6 million as of September 30, 2025 and December 31, 2024, respectively.
Allowance for Credit Losses on Loans and Leases

The following tables present changes in the ACL on loans and leases, as well as unfunded lending commitments, during the nine months ended September 30, 2025 and 2024:

 

 

 

As of and for the Nine Months Ended September 30, 2025

 

 

 

Construction,
Land
Development,
and Other

 

 

Real Estate
1-4
Family

 

 

Real
Estate
Multi-
Family

 

 

Non-
Residential Commercial Real estate

 

 

Commercial and
Industrial

 

 

Direct
Consumer

 

 

Indirect
Consumer

 

 

Total

 

 

 

(Dollars in Thousands)

 

Allowance for credit losses on loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

352

 

 

$

406

 

 

$

546

 

 

$

1,428

 

 

$

1,531

 

 

$

49

 

 

$

5,872

 

 

$

10,184

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,215

)

 

 

(5

)

 

 

(1,428

)

 

 

(3,648

)

Recoveries

 

 

—

 

 

 

21

 

 

 

—

 

 

 

—

 

 

 

16

 

 

 

149

 

 

 

163

 

 

 

349

 

Provision for (recovery of) credit losses on loans and leases

 

 

(90

)

 

 

(41

)

 

 

97

 

 

 

142

 

 

 

1,072

 

 

 

(135

)

 

 

2,770

 

 

 

3,815

 

Allowance for credit losses on loans and leases

 

$

262

 

 

$

386

 

 

$

643

 

 

$

1,570

 

 

$

404

 

 

$

58

 

 

$

7,377

 

 

$

10,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses on unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

280

 

 

$

1

 

 

$

43

 

 

$

16

 

 

$

34

 

 

$

2

 

 

$

—

 

 

$

376

 

Provision for (recovery of) credit losses on unfunded lending commitments

 

 

6

 

 

 

—

 

 

 

—

 

 

 

(10

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4

)

Allowance for credit losses on unfunded lending commitments

 

$

286

 

 

$

1

 

 

$

43

 

 

$

6

 

 

$

34

 

 

$

2

 

 

$

—

 

 

$

372

 

 

 

 

As of and for the Nine Months Ended September 30, 2024

 

 

 

Construction,
Land
Development,
and Other

 

 

Real Estate
1-4
Family

 

 

Real
Estate
Multi-
Family

 

 

Non-
Residential Commercial Real estate

 

 

Commercial and
Industrial

 

 

Direct
Consumer

 

 

Indirect
Consumer

 

 

Total

 

 

 

(Dollars in Thousands)

 

Allowance for credit losses on loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

565

 

 

$

591

 

 

$

415

 

 

$

1,425

 

 

$

513

 

 

$

64

 

 

$

6,934

 

 

$

10,507

 

Charge-offs

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

(113

)

 

 

(53

)

 

 

(1,049

)

 

 

(1,217

)

Recoveries

 

 

20

 

 

 

46

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

249

 

 

 

259

 

 

 

574

 

Provision for (recovery of) credit losses on loans and leases

 

 

(249

)

 

 

(171

)

 

 

261

 

 

 

322

 

 

 

342

 

 

 

(209

)

 

 

(44

)

 

 

252

 

Allowance for credit losses on loans and leases

 

$

336

 

 

$

464

 

 

$

676

 

 

$

1,747

 

 

$

742

 

 

$

51

 

 

$

6,100

 

 

$

10,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses on unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

450

 

 

$

1

 

 

$

9

 

 

$

2

 

 

$

102

 

 

$

5

 

 

$

—

 

 

$

569

 

Provision for (recovery of) credit losses on unfunded lending commitments

 

 

(115

)

 

 

(1

)

 

 

50

 

 

 

25

 

 

 

(59

)

 

 

—

 

 

 

—

 

 

 

(100

)

Allowance for credit losses on unfunded lending commitments

 

$

335

 

 

$

—

 

 

$

59

 

 

$

27

 

 

$

43

 

 

$

5

 

 

$

—

 

 

$

469

 
Loans and Leases By Credit Quality Indicators

The tables below illustrate the carrying amount of loans and leases by credit quality indicator and year of origination as of September 30, 2025, as well as gross charge-offs for the nine months ended September 30, 2025.

 

 

 

 

 

September 30, 2025

 

 

 

 

 

Loans at Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Total

 

 

 

 

 

(Dollars in Thousands)

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land development and other land loans

 

Pass

 

$

1,852

 

 

$

8,099

 

 

$

14,000

 

 

$

7,753

 

 

$

6

 

 

$

105

 

 

$

31,815

 

 

 

Special Mention

 

 

—

 

 

 

4,416

 

 

 

—

 

 

 

—

 

 

 

25

 

 

 

—

 

 

 

4,441

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

2,304

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,304

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

1,852

 

 

$

12,515

 

 

$

16,304

 

 

$

7,753

 

 

$

31

 

 

$

105

 

 

$

38,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured by multi-family residential properties

 

Pass

 

$

1,025

 

 

$

201

 

 

$

381

 

 

$

65,771

 

 

$

13,601

 

 

$

23,808

 

 

$

104,787

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

7,976

 

 

 

—

 

 

 

—

 

 

 

7,976

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

1,025

 

 

$

201

 

 

$

381

 

 

$

73,747

 

 

$

13,601

 

 

$

23,808

 

 

$

112,763

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured by non-residential commercial real estate

 

Pass

 

$

11,257

 

 

$

25,271

 

 

$

16,221

 

 

$

21,959

 

 

$

35,191

 

 

$

96,966

 

 

$

206,865

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

540

 

 

 

2,849

 

 

 

—

 

 

 

326

 

 

 

3,715

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

457

 

 

 

363

 

 

 

820

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

11,257

 

 

$

25,271

 

 

$

16,761

 

 

$

24,808

 

 

$

35,648

 

 

$

97,655

 

 

$

211,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial loans and leases

 

Pass

 

$

11,215

 

 

$

14,191

 

 

$

4,641

 

 

$

2,575

 

 

$

3,935

 

 

$

9,835

 

 

$

46,392

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

18

 

 

 

45

 

 

 

—

 

 

 

63

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

107

 

 

 

107

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

11,215

 

 

$

14,191

 

 

$

4,641

 

 

$

2,593

 

 

$

3,980

 

 

$

9,942

 

 

$

46,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

2,215

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

2,215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total commercial

 

Pass

 

$

25,349

 

 

$

47,762

 

 

$

35,243

 

 

$

98,058

 

 

$

52,733

 

 

$

130,714

 

 

$

389,859

 

 

 

Special Mention

 

 

—

 

 

 

4,416

 

 

 

540

 

 

 

10,843

 

 

 

70

 

 

 

326

 

 

 

16,195

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

2,304

 

 

 

—

 

 

 

457

 

 

 

470

 

 

 

3,231

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

$

25,349

 

 

$

52,178

 

 

$

38,087

 

 

$

108,901

 

 

$

53,260

 

 

$

131,510

 

 

$

409,285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

2,215

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

2,215

 

 

 

 

 

 

 

September 30, 2025

 

 

 

 

 

Loans at Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Total

 

 

 

 

 

(Dollars in Thousands)

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured by 1-4 family residential properties

 

Performing

 

$

4,206

 

 

$

5,045

 

 

$

2,979

 

 

$

17,345

 

 

$

14,093

 

 

$

23,359

 

 

$

67,027

 

 

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

593

 

 

 

593

 

 

 

Subtotal

 

$

4,206

 

 

$

5,045

 

 

$

2,979

 

 

$

17,345

 

 

$

14,093

 

 

$

23,952

 

 

$

67,620

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

Performing

 

$

2,533

 

 

$

1,354

 

 

$

557

 

 

$

185

 

 

$

223

 

 

$

143

 

 

$

4,995

 

 

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

—

 

 

 

4

 

 

 

Subtotal

 

$

2,533

 

 

$

1,354

 

 

$

557

 

 

$

185

 

 

$

227

 

 

$

143

 

 

$

4,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

4

 

 

$

—

 

 

$

—

 

 

$

1

 

 

$

—

 

 

$

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

Performing

 

$

125,127

 

 

$

47,928

 

 

$

60,530

 

 

$

62,932

 

 

$

46,774

 

 

$

42,219

 

 

$

385,510

 

 

 

Non-performing

 

 

—

 

 

 

23

 

 

 

—

 

 

 

—

 

 

 

10

 

 

 

73

 

 

 

106

 

 

 

Subtotal

 

$

125,127

 

 

$

47,951

 

 

$

60,530

 

 

$

62,932

 

 

$

46,784

 

 

$

42,292

 

 

$

385,616

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

10

 

 

$

95

 

 

$

203

 

 

$

449

 

 

$

277

 

 

$

394

 

 

$

1,428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Total consumer

 

Performing

 

$

131,866

 

 

$

54,327

 

 

$

64,066

 

 

$

80,462

 

 

$

61,090

 

 

$

65,721

 

 

$

457,532

 

 

 

Non-performing

 

 

—

 

 

 

23

 

 

 

—

 

 

 

—

 

 

 

14

 

 

 

666

 

 

 

703

 

 

 

 

 

$

131,866

 

 

$

54,350

 

 

$

64,066

 

 

$

80,462

 

 

$

61,104

 

 

$

66,387

 

 

$

458,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

10

 

 

$

99

 

 

$

203

 

 

$

449

 

 

$

278

 

 

$

394

 

 

$

1,433

 

 

The tables below illustrate the carrying amount of loans and leases by credit quality indicator and year of origination as of December 31, 2024, as well as gross charge-offs for the year ended December 31, 2024.

 

 

 

 

 

December 31, 2024

 

 

 

 

 

Loans at Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

Prior

 

 

Total

 

 

 

 

 

(Dollars in Thousands)

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land development and other land loans

 

Pass

 

$

852

 

 

$

4,626

 

 

$

45,087

 

 

$

11,931

 

 

$

41

 

 

$

450

 

 

$

62,987

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

61

 

 

 

—

 

 

 

—

 

 

 

61

 

 

 

Substandard

 

 

—

 

 

 

2,489

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,489

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

852

 

 

$

7,115

 

 

$

45,087

 

 

$

11,992

 

 

$

41

 

 

$

450

 

 

$

65,537

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured by multi-family residential properties

 

Pass

 

$

7,941

 

 

$

8,218

 

 

$

42,077

 

 

$

17,557

 

 

$

5,592

 

 

$

19,672

 

 

$

101,057

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

7,941

 

 

$

8,218

 

 

$

42,077

 

 

$

17,557

 

 

$

5,592

 

 

$

19,672

 

 

$

101,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured by non-residential commercial real estate

 

Pass

 

$

25,251

 

 

$

24,906

 

 

$

34,930

 

 

$

36,793

 

 

$

54,527

 

 

$

49,681

 

 

$

226,088

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

316

 

 

 

—

 

 

 

334

 

 

 

—

 

 

 

650

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

483

 

 

 

147

 

 

 

383

 

 

 

1,013

 

 

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

25,251

 

 

$

24,906

 

 

$

35,246

 

 

$

37,276

 

 

$

55,008

 

 

$

50,064

 

 

$

227,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

248

 

 

$

248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial loans

 

Pass

 

$

13,458

 

 

$

5,562

 

 

$

3,499

 

 

$

5,189

 

 

$

2,888

 

 

$

9,963

 

 

$

40,559

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

30

 

 

 

60

 

 

 

—

 

 

 

—

 

 

 

90

 

 

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

303

 

 

 

305

 

 

 

Doubtful

 

 

—

 

 

 

3,284

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,284

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

13,458

 

 

$

8,846

 

 

$

3,529

 

 

$

5,251

 

 

$

2,888

 

 

$

10,266

 

 

$

44,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

54

 

 

$

—

 

 

$

43

 

 

$

24

 

 

$

121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total commercial

 

Pass

 

$

47,502

 

 

$

43,312

 

 

$

125,593

 

 

$

71,470

 

 

$

63,048

 

 

$

79,766

 

 

$

430,691

 

 

 

Special Mention

 

 

—

 

 

 

—

 

 

 

346

 

 

 

121

 

 

 

334

 

 

 

—

 

 

 

801

 

 

 

Substandard

 

 

—

 

 

 

2,489

 

 

 

—

 

 

 

485

 

 

 

147

 

 

 

686

 

 

 

3,807

 

 

 

Doubtful

 

 

—

 

 

 

3,284

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,284

 

 

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

$

47,502

 

 

$

49,085

 

 

$

125,939

 

 

$

72,076

 

 

$

63,529

 

 

$

80,452

 

 

$

438,583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

54

 

 

$

—

 

 

$

43

 

 

$

272

 

 

$

369

 

 

 

 

 

 

 

December 31, 2024

 

 

 

 

 

Loans at Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

Prior

 

 

Total

 

 

 

 

 

(Dollars in Thousands)

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured by 1-4 family residential properties

 

Performing

 

$

4,559

 

 

$

3,525

 

 

$

18,060

 

 

$

14,746

 

 

$

5,884

 

 

$

21,612

 

 

$

68,386

 

 

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,613

 

 

 

1,613

 

 

 

Subtotal

 

$

4,559

 

 

$

3,525

 

 

$

18,060

 

 

$

14,746

 

 

$

5,884

 

 

$

23,225

 

 

$

69,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

2

 

 

$

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct consumer

 

Performing

 

$

2,397

 

 

$

1,077

 

 

$

430

 

 

$

487

 

 

$

283

 

 

$

100

 

 

$

4,774

 

 

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

2,397

 

 

$

1,077

 

 

$

430

 

 

$

487

 

 

$

283

 

 

$

100

 

 

$

4,774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

—

 

 

$

—

 

 

$

1

 

 

$

42

 

 

$

3

 

 

$

16

 

 

$

62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect consumer

 

Performing

 

$

54,546

 

 

$

72,461

 

 

$

74,514

 

 

$

55,904

 

 

$

41,908

 

 

$

10,350

 

 

$

309,683

 

 

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

Subtotal

 

$

54,546

 

 

$

72,461

 

 

$

74,514

 

 

$

55,904

 

 

$

41,908

 

 

$

10,350

 

 

$

309,683

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

21

 

 

$

95

 

 

$

278

 

 

$

531

 

 

$

329

 

 

$

127

 

 

$

1,381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Total consumer:

 

Performing

 

$

61,502

 

 

$

77,063

 

 

$

93,004

 

 

$

71,137

 

 

$

48,075

 

 

$

32,062

 

 

$

382,843

 

 

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,613

 

 

 

1,613

 

 

 

 

 

$

61,502

 

 

$

77,063

 

 

$

93,004

 

 

$

71,137

 

 

$

48,075

 

 

$

33,675

 

 

$

384,456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period gross charge-offs

 

$

21

 

 

$

95

 

 

$

279

 

 

$

573

 

 

$

332

 

 

$

145

 

 

$

1,445

 

 
Aging Analysis of Past Due Loans

The following table provides an aging analysis of past due loans by class as of September 30, 2025:

 

 

 

As of September 30, 2025

 

 

 

30-59
Days
Past
Due

 

 

60-89
Days
Past
Due

 

 

90
Days
Or
Greater

 

 

Total
Past
Due

 

 

Current

 

 

Total
Loans

 

 

Recorded
Investment
> 90 Days
And
Accruing

 

 

 

(Dollars in Thousands)

 

Loans secured by real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land development
   and other land loans

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

38,560

 

 

$

38,560

 

 

$

—

 

Secured by 1-4 family residential
   properties

 

 

7

 

 

 

5

 

 

 

362

 

 

 

374

 

 

 

67,246

 

 

 

67,620

 

 

 

—

 

Secured by multi-family residential
   properties

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

112,763

 

 

 

112,763

 

 

 

—

 

Secured by non-residential commercial real estate

 

 

—

 

 

 

—

 

 

 

363

 

 

 

363

 

 

 

211,037

 

 

 

211,400

 

 

 

—

 

Commercial and industrial loans

 

 

—

 

 

 

25

 

 

 

—

 

 

 

25

 

 

 

46,537

 

 

 

46,562

 

 

 

—

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

Direct

 

 

1

 

 

 

—

 

 

 

4

 

 

 

5

 

 

 

4,994

 

 

 

4,999

 

 

 

—

 

Indirect

 

 

614

 

 

 

254

 

 

 

83

 

 

 

951

 

 

 

384,665

 

 

 

385,616

 

 

 

—

 

Total

 

$

622

 

 

$

284

 

 

$

812

 

 

$

1,718

 

 

$

865,802

 

 

$

867,520

 

 

$

—

 

As a percentage of total loans

 

 

0.07

%

 

 

0.04

%

 

 

0.09

%

 

 

0.20

%

 

 

99.80

%

 

 

100.00

%

 

 

 

 

 

 

The following table provides an aging analysis of past due loans by class as of December 31, 2024:

 

 

 

As of December 31, 2024

 

 

 

30-59
Days
Past
Due

 

 

60-89
Days
Past
Due

 

 

90
Days
Or
Greater

 

 

Total
Past
Due

 

 

Current

 

 

Total
Loans

 

 

Recorded
Investment
> 90 Days
And
Accruing

 

 

 

(Dollars in Thousands)

 

Loans secured by real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land development
   and other land loans

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

65,537

 

 

$

65,537

 

 

$

—

 

Secured by 1-4 family residential
   properties

 

 

515

 

 

 

—

 

 

 

—

 

 

 

515

 

 

 

69,484

 

 

 

69,999

 

 

 

—

 

Secured by multi-family residential
   properties

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

101,057

 

 

 

101,057

 

 

 

—

 

Secured by non-residential commercial real estate

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

227,751

 

 

 

227,751

 

 

 

—

 

Commercial and industrial loans

 

 

3,317

 

 

 

—

 

 

 

—

 

 

 

3,317

 

 

 

40,921

 

 

 

44,238

 

 

 

—

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

15

 

 

 

—

 

 

 

—

 

 

 

15

 

 

 

4,759

 

 

 

4,774

 

 

 

—

 

Indirect

 

 

489

 

 

 

47

 

 

 

—

 

 

 

536

 

 

 

309,147

 

 

 

309,683

 

 

 

—

 

Total

 

$

4,336

 

 

$

47

 

 

$

—

 

 

$

4,383

 

 

$

818,656

 

 

$

823,039

 

 

$

—

 

As a percentage of total loans

 

 

0.52

%

 

 

0.01

%

 

 

0.00

%

 

 

0.53

%

 

 

99.47

%

 

 

100.00

%

 

 

 
Non-accruing Loans

The tables below present the amortized cost of loans on nonaccrual status and loans past due 90 days or more and still accruing interest as of September 30, 2025 and December 31, 2024. Also presented is the balance of loans on nonaccrual status at September 30, 2025 and December 31, 2024 for which there was no related ACL recorded.

 

 

 

Loans on Non-Accrual Status

 

 

 

September 30, 2025

 

 

 

(Dollars in Thousands)

 

 

 

Total nonaccrual
loans

 

Nonaccrual loans with no allowance for credit losses

 

Loans past due 90 days or more and still accruing

 

Loans secured by real estate:

 

 

 

 

 

 

 

Construction, land development and other land loans

 

$

—

 

$

—

 

$

—

 

Secured by 1-4 family residential properties

 

 

593

 

 

374

 

 

—

 

Secured by multi-family residential properties

 

 

—

 

 

—

 

 

—

 

Secured by non-residential commercial real estate

 

 

363

 

 

—

 

 

—

 

Commercial and industrial loans

 

 

—

 

 

—

 

 

—

 

Consumer loans:

 

 

 

 

 

 

—

 

Direct

 

 

4

 

 

—

 

 

—

 

Indirect

 

 

106

 

 

—

 

 

—

 

Total loans

 

$

1,066

 

$

374

 

$

—

 

 

 

 

 

 

Loans on Non-Accrual Status

 

 

 

December 31, 2024

 

 

 

(Dollars in Thousands)

 

 

 

Total nonaccrual
loans

 

Nonaccrual loans with no allowance for credit losses

 

Loans past due 90 days or more and still accruing

 

Loans secured by real estate:

 

 

 

 

 

 

 

Construction, land development and other land loans

 

$

—

 

$

—

 

$

—

 

Secured by 1-4 family residential properties

 

 

665

 

 

404

 

 

—

 

Secured by multi-family residential properties

 

 

—

 

 

—

 

 

—

 

Secured by non-residential commercial real estate

 

 

—

 

 

—

 

 

—

 

Commercial and industrial loans

 

 

3,284

 

 

—

 

 

—

 

Consumer loans:

 

 

 

 

 

 

—

 

Direct

 

 

—

 

 

—

 

 

—

 

Indirect

 

 

—

 

 

—

 

 

—

 

Total loans

 

$

3,949

 

$

404

 

$

—

 
Schedule of Amortized Cost Basis of Collateral Dependent Loans

The following tables present the amortized cost basis of collateral dependent loans as of September 30, 2025 and December 31, 2024, which loans are individually evaluated to determine credit losses:

 

 

 

September 30, 2025

 

 

 

Real Estate

 

 

Other

 

 

Total

 

 

 

(Dollars in Thousands)

 

Loans secured by real estate

 

 

 

 

 

 

 

 

 

Construction, land development and other land loans

 

$

2,304

 

 

$

—

 

 

$

2,304

 

Secured by 1-4 family residential properties

 

 

391

 

 

 

—

 

 

 

391

 

Secured by multi-family residential properties

 

 

—

 

 

 

—

 

 

 

—

 

Secured by non-residential commercial real estate

 

 

363

 

 

 

—

 

 

 

363

 

Commercial and industrial

 

 

—

 

 

 

39

 

 

 

39

 

Direct consumer

 

 

—

 

 

 

—

 

 

 

—

 

Total loans individually evaluated

 

$

3,058

 

 

$

39

 

 

$

3,097

 

 

 

 

December 31, 2024

 

 

 

Real Estate

 

 

Other

 

 

Total

 

 

 

(Dollars in Thousands)

 

Loans secured by real estate

 

 

 

 

 

 

 

 

 

Construction, land development and other land loans

 

$

2,489

 

 

$

—

 

 

$

2,489

 

Secured by 1-4 family residential properties

 

 

1,402

 

 

 

—

 

 

 

1,402

 

Secured by multi-family residential properties

 

 

—

 

 

 

—

 

 

 

—

 

Secured by non-residential commercial real estate

 

 

383

 

 

 

—

 

 

 

383

 

Commercial and industrial

 

 

—

 

 

 

3,327

 

 

 

3,327

 

Direct consumer

 

 

—

 

 

 

—

 

 

 

—

 

Total loans individually evaluated

 

$

4,274

 

 

$

3,327

 

 

$

7,601