Schedule of loan portfolio and allowance for credit losses

The following tables summarize the loan portfolio and allowance for credit losses (in thousands).


	At September 30, 2024
	Commercial real estate (owner occupied)		Other commercial and industrial		Commercial real estate (non-owner occupied) - retail			Commercial real estate (non-owner occupied) - multi-family	Other commercial real estate (non-owner occupied)		Residential mortgages		Consumer		Total
Loans:
Individually evaluated	$	158	$	1,477	$	—	$	—	$	10,411	$	513	$	11	$	12,570
Collectively evaluated		80,353		138,281		168,676		123,369		231,108		178,784		106,497		1,027,068
Total loans	$	80,511	$	139,758	$	168,676	$	123,369	$	241,519	$	179,297	$	106,508	$	1,039,638
Allowance for credit losses:
Specific reserve allocation	$	—	$	277	$	—	$	—	$	1,582	$	—	$	—	$	1,859
General reserve allocation		432		2,161		3,451		1,423		3,059		852		1,183		12,561
Total allowance for credit losses	$	432	$	2,438	$	3,451	$	1,423	$	4,641	$	852	$	1,183	$	14,420


	At December 31, 2023
	Commercial real estate (owner occupied)		Other commercial and industrial		Commercial real estate (non-owner occupied) - retail			Commercial real estate (non-owner occupied) - multi-family	Other commercial real estate (non-owner occupied)		Residential mortgages		Consumer		Total
Loans:
Individually evaluated	$	187	$	1,694	$	—	$	—	$	8,780	$	173	$	—	$	10,834
Collectively evaluated		88,960		157,730		161,961		110,008		231,506		174,497		102,775		1,027,437
Total loans	$	89,147	$	159,424	$	161,961	$	110,008	$	240,286	$	174,670	$	102,775	$	1,038,271
Allowance for credit losses:
Specific reserve allocation	$	—	$	414	$	—	$	—	$	—	$	—	$	—	$	414
General reserve allocation		1,529		2,616		3,488		1,430		3,428		1,021		1,127		14,639
Total allowance for credit losses	$	1,529	$	3,030	$	3,488	$	1,430	$	3,428	$	1,021	$	1,127	$	15,053

Schedule of non performing assets from the loan portfolio

The following table presents non-accrual loans, loans past due over 90 days still accruing interest, and OREO and repossessed assets by portfolio class (in thousands)


	At September 30, 2024
	Non-accrual with no ACL		Non-accrual with ACL		Total non-accrual		Loans past due over 90 days still accruing		OREO and repossessed assets		Total non-performing assets
Commercial real estate (owner occupied)	$	158	$	—	$	158	$	—	$	—	$	158
Other commercial and industrial		—		1,477		1,477		—		263		1,740
Commercial real estate (non-owner occupied) - retail		—		—		—		—		—		—
Commercial real estate (non-owner occupied) - multi-family		—		—		—		—		—		—
Other commercial real estate (non-owner occupied)		6,849		—		6,849		—		1,476		8,325
Residential mortgages		513		75		588		12		15		615
Consumer		11		724		735		—		96		831
Total	$	7,531	$	2,276	$	9,807	$	12	$	1,850	$	11,669


	At December 31, 2023
	Non-accrual with no ACL		Non-accrual with ACL		Total non-accrual		Loans past due over 90 days still accruing		OREO and repossessed assets		Total non-performing assets
Commercial real estate (owner occupied)	$	187	$	—	$	187	$	—	$	—	$	187
Other commercial and industrial		—		1,694		1,694		211		—		1,905
Commercial real estate (non-owner occupied) - retail		—		—		—		—		—		—
Commercial real estate (non-owner occupied) - multi-family		—		—		—		—		—		—
Other commercial real estate (non-owner occupied)		8,780		—		8,780		—		—		8,780
Residential mortgages		173		545		718		—		15		733
Consumer		—		788		788		—		—		788
Total	$	9,140	$	3,027	$	12,167	$	211	$	15	$	12,393

Schedule of Residential and consumer portfolio


	At September 30, 2024
													Revolving		Revolving
													Loans		Loans
													Amortized		Converted
	Term Loans Amortized Cost Basis by Origination Year												Cost		to
	2024		2023		2022		2021		2020		Prior		Basis		Term		Total

	(In Thousands)
Residential mortgages
Performing	$	11,697	$	15,592	$	10,618	$	58,614	$	42,342	$	39,834	$	—	$	—	$	178,697
Non-performing		—		—		—		—		—		600		—		—		600
Total	$	11,697	$	15,592	$	10,618	$	58,614	$	42,342	$	40,434	$	—	$	—	$	179,297
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	8,783	$	11,985	$	17,657	$	8,057	$	2,660	$	4,630	$	51,343	$	658	$	105,773
Non-performing		—		31		—		—		62		380		262		—		735
Total	$	8,783	$	12,016	$	17,657	$	8,057	$	2,722	$	5,010	$	51,605	$	658	$	106,508
Current period gross charge-offs	$	2	$	2	$	21	$	19	$	12	$	140	$	—	$	—	$	196
Total by payment performance
Performing	$	20,480	$	27,577	$	28,275	$	66,671	$	45,002	$	44,464	$	51,343	$	658	$	284,470
Non-performing		—		31		—		—		62		980		262		—		1,335
Total	$	20,480	$	27,608	$	28,275	$	66,671	$	45,064	$	45,444	$	51,605	$	658	$	285,805
Current period gross charge-offs	$	2	$	2	$	21	$	19	$	12	$	140	$	—	$	—	$	196


	At December 31, 2023
													Revolving		Revolving
													Loans		Loans
													Amortized		Converted
	Term Loans Amortized Cost Basis by Origination Year												Cost		to
	2023		2022		2021		2020		2019		Prior		Basis		Term		Total

	(In Thousands)
Residential mortgages
Performing	$	14,576	$	11,620	$	61,172	$	44,049	$	7,092	$	35,443	$	—	$	—	$	173,952
Non-performing		—		—		—		—		—		718		—		—		718
Total	$	14,576	$	11,620	$	61,172	$	44,049	$	7,092	$	36,161	$	—	$	—	$	174,670
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	54	$	—	$	—	$	54
Consumer
Performing	$	13,890	$	20,430	$	9,782	$	3,190	$	1,169	$	4,515	$	48,344	$	667	$	101,987
Non-performing		15		—		—		73		42		280		157		221		788
Total	$	13,905	$	20,430	$	9,782	$	3,263	$	1,211	$	4,795	$	48,501	$	888	$	102,775
Current period gross charge-offs	$	9	$	35	$	43	$	7	$	8	$	173	$	—	$	—	$	275
Total by payment performance
Performing	$	28,466	$	32,050	$	70,954	$	47,239	$	8,261	$	39,958	$	48,344	$	667	$	275,939
Non-performing		15		—		—		73		42		998		157		221		1,506
Total	$	28,481	$	32,050	$	70,954	$	47,312	$	8,303	$	40,956	$	48,501	$	888	$	277,445
Current period gross charge-offs	$	9	$	35	$	43	$	7	$	8	$	227	$	—	$	—	$	329

Schedule of modifications made to borrowers experiencing financial difficulty

The following tables summarize the amortized cost basis of loans modified to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023 (in thousands).


	Three and nine months ended September 30, 2024
	Payment Delay
	Amortized Cost Basis		% of Total Class of Loans
Commercial real estate (owner occupied)	$	158		0.20	%
Total	$	158

	Combination - Term Extension and Payment Delay
	Amortized Cost Basis		% of Total Class of Loans
Other commercial and industrial	$	154		0.11	%
Total	$	154

As of September 30, 2024, the modified loans described in the table above were current as to payments.

The Company had no loans modified to borrowers experiencing financial difficulty during the three months ended September 30, 2023.


	Nine months ended September 30, 2023
	Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Other commercial and industrial	$	417		0.29	%
Total	$	417

	Combination - Interest Rate Reduction and Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Other commercial real estate (non-owner occupied)	$	7,047		3.07	%
Total	$	7,047


Three and nine months ended September 30, 2024
Payment Delay
Loan Type		Financial Effect
Commercial real estate (owner occupied)		Provided 60 months of additional amortization period to lower borrower's monthly payment.

Combination - Term Extension and Payment Delay
Loan Type		Financial Effect
Other commercial and industrial		During the first and second quarters of 2024, provided a maturity date extension of ninety days and modified seasonal principal and interest payments to interest only until maturity. During the third quarter of 2024, provided the same borrower an additional maturity date extension of ninety days with continued interest only payments.


Nine months ended September 30, 2023
Term Extension
Loan Type		Financial Effect
Other commercial and industrial		During the first quarter of 2023, provided five-month expiration date extension on non-accrual line of credit under which availability was eliminated. During the second quarter of 2023, provided the same borrower with a one-year maturity date extension.

Combination - Interest Rate Reduction and Term Extension
Loan Type		Financial Effect
Other commercial real estate (non-owner occupied)		During the second quarter, provided seven months of interest only payments at a reduced rate with the remaining portion of interest, totaling approximately $303,000, being deferred until maturity. Additionally, provided three month maturity date extension.