XML 32 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

LOANS | 12 Months Ended
--- | ---
Dec. 31, 2024
LOANS |
LOANS | 6. LOANS The segments of the Company’s loan portfolio are disaggregated into classes that allow management to monitor risk and performance. The loan classes used are consistent with the internal reports evaluated by the Company’s management and Board of Directors to monitor risk and performance within various segments of its loan portfolio. The commercial loan segment includes both the owner occupied commercial real estate loan and the other commercial and industrial loan classes. The commercial real estate loan segment includes the non-owner occupied commercial real estate loan classes of retail, multi-family, and other. The residential mortgage loan segment is comprised of first lien amortizing residential mortgage loans while the consumer loan segment consists primarily of home equity loans secured by residential real estate, installment loans, and overdraft lines of credit associated with customer deposit accounts. ​ The loan portfolio of the Company consists of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | AT DECEMBER 31,
​ |  | 2024 |  | 2023
​ | ​ | (IN THOUSANDS)
Commercial: | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate (owner occupied) (1) | ​ | $ | 86,953 | ​ | $ | 89,147
Other commercial and industrial | ​ | ​ | 147,251 | ​ | ​ | 159,424
Commercial real estate (non-owner occupied): |  | ​ | ​ | ​ | ​ | ​
Retail (1) | ​ | ​ | 181,778 | ​ | ​ | 161,961
Multi-family (1) | ​ | ​ | 132,364 | ​ | ​ | 110,008
Other (1) | ​ | ​ | 233,882 | ​ | ​ | 240,286
Residential mortgages (1) |  | ​ | 177,110 | ​ | ​ | 174,670
Consumer |  | ​ | 108,611 | ​ | ​ | 102,775
Loans, net of unearned income | ​ | $ | 1,067,949 | ​ | $ | 1,038,271
(1) | Real estate construction loans constituted 3.6% and 3.4% of the Company’s total loans, net of unearned income as of December 31, 2024 and 2023, respectively.
Loan balances at December 31, 2024 and 2023 are net of unearned income of $517,000 and $483,000, respectively. The Company has no exposure to subprime mortgage loans in either the loan or investment portfolios. The Company has no direct loan exposures to sovereign or non-sovereign (i.e. financial institutions and corporations) borrowers within foreign countries experiencing significant economic, fiscal, and/or political strains. The Company has no significant industry lending concentrations. Specifically, as of December 31, 2024 and 2023, loans to customers engaged in similar activities and having similar economic characteristics, as defined by standard industrial classifications, did not exceed 10% of total loans. Additionally, the majority of the Company’s lending occurs within a 250-mile radius of the Johnstown market. In the ordinary course of business, the Company has transactions, including loans, with its officers, directors, and their affiliated companies. In management’s opinion, these transactions were on substantially the same terms as those prevailing at the time for comparable transactions with unaffiliated parties and do not involve more than the normal credit risk. These loans totaled $540,000 and $663,000 at December 31, 2024 and 2023, respectively. The following tables summarize the loan activity with related parties for the years ended December 31, 2024 and 2023 (in thousands).
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | YEAR ENDED DECEMBER 31, 2024
​ | ​ | BALANCE AT DECEMBER 31, 2023 | ​ | ADDITIONS | ​ | REPAYMENTS | ​ | BALANCE AT DECEMBER 31, 2024
Loans to related parties | ​ | $ | 663 | ​ | $ | 48 | ​ | $ | 171 | ​ | $ | 540
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | YEAR ENDED DECEMBER 31, 2023
​ | ​ | BALANCE AT DECEMBER 31, 2022 | ​ | ADDITIONS | ​ | REPAYMENTS | ​ | BALANCE AT DECEMBER 31, 2023
Loans to related parties | ​ | $ | 587 | ​ | $ | 602 | ​ | $ | 526 | ​ | $ | 663
​

X
- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-44 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-20/tableOfContent + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration