Allowance for Credit Losses - Loans

Schedule of loan portfolio and allowance for credit losses

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

At March 31, 2025

Commercial real estate (owner occupied)

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

$

3,426

$

1,765

$

—

$

—

$

8,730

$

—

$

—

$

13,921

Collectively evaluated

84,772

141,955

183,647

131,427

223,849

175,279

107,476

1,048,405

Total loans

$

88,198

$

143,720

$

183,647

$

131,427

$

232,579

$

175,279

$

107,476

$

1,062,326

Allowance for credit losses:

Specific reserve allocation

$

—

$

586

$

—

$

—

$

—

$

—

$

—

$

586

General reserve allocation

329

2,293

3,817

1,619

3,586

391

1,191

13,226

Total allowance for credit losses

$

329

$

2,879

$

3,817

$

1,619

$

3,586

$

391

$

1,191

$

13,812


	At December 31, 2024
	Commercial real estate (owner occupied)		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	$	3,429	$	1,675	$	—	$	—	$	8,773	$	379	$	10	$	14,266
Collectively evaluated		83,524		145,576		181,778		132,364		225,109		176,731		108,601		1,053,683
Total loans	$	86,953	$	147,251	$	181,778	$	132,364	$	233,882	$	177,110	$	108,611	$	1,067,949
Allowance for credit losses:
Specific reserve allocation	$	—	$	541	$	—	$	—	$	—	$	—	$	—	$	541
General reserve allocation		398		2,319		3,695		1,478		3,451		839		1,191		13,371
Total allowance for credit losses	$	398	$	2,860	$	3,695	$	1,478	$	3,451	$	839	$	1,191	$	13,912

Schedule of non performing assets from the loan portfolio

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


	At March 31, 2025
	Non-accrual with no ACL		Non-accrual with ACL		Total non-accrual		Loans past due 90 days or more still accruing		OREO and repossessed assets		Total non-performing assets
Commercial real estate (owner occupied)	$	3,426	$	—	$	3,426	$	—	$	—	$	3,426
Commercial and industrial		—		765		765		—		234		999
Other commercial real estate (non-owner occupied)		8,730		—		8,730		—		—		8,730
Residential mortgages		—		41		41		11		38		90
Consumer		—		700		700		1		25		726
Total	$	12,156	$	1,506	$	13,662	$	12	$	297	$	13,971


	At December 31, 2024
	Non-accrual with no ACL		Non-accrual with ACL		Total non-accrual		Loans past due 90 days or more still accruing		OREO and repossessed assets		Total non-performing assets
Commercial real estate (owner occupied)	$	152	$	—	$	152	$	—	$	—	$	152
Commercial and industrial		—		675		675		97		234		1,006
Other commercial real estate (non-owner occupied)		8,773		—		8,773		—		1,476		10,249
Residential mortgages		379		—		379		26		14		419
Consumer		10		821		831		—		—		831
Total	$	9,314	$	1,496	$	10,810	$	123	$	1,724	$	12,657

Schedule of Residential and consumer portfolio


	At March 31, 2025
													Revolving		Revolving
													Loans		Loans
													Amortized		Converted
	Term Loans Amortized Cost Basis by Origination Year												Cost		to
	2025		2024		2023		2022		2021		Prior		Basis		Term		Total

	(In Thousands)
Residential mortgages
Performing	$	186	$	13,243	$	14,861	$	10,327	$	56,900	$	79,710	$	—	$	—	$	175,227
Non-performing		—		—		—		—		—		52		—		—		52
Total	$	186	$	13,243	$	14,861	$	10,327	$	56,900	$	79,762	$	—	$	—	$	175,279
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	2,698	$	10,937	$	10,109	$	15,637	$	7,426	$	6,581	$	53,316	$	71	$	106,775
Non-performing		—		—		84		—		—		356		261		—		701
Total	$	2,698	$	10,937	$	10,193	$	15,637	$	7,426	$	6,937	$	53,577	$	71	$	107,476
Current period gross charge-offs	$	—	$	27	$	25	$	3	$	—	$	49	$	—	$	—	$	104
Total by payment performance
Performing	$	2,884	$	24,180	$	24,970	$	25,964	$	64,326	$	86,291	$	53,316	$	71	$	282,002
Non-performing		—		—		84		—		—		408		261		—		753
Total	$	2,884	$	24,180	$	25,054	$	25,964	$	64,326	$	86,699	$	53,577	$	71	$	282,755
Current period gross charge-offs	$	—	$	27	$	25	$	3	$	—	$	49	$	—	$	—	$	104


	At December 31, 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	$	12,877	$	15,602	$	10,400	$	57,540	$	41,868	$	38,418	$	—	$	—	$	176,705
Non-performing		—		—		—		—		—		405		—		—		405
Total	$	12,877	$	15,602	$	10,400	$	57,540	$	41,868	$	38,823	$	—	$	—	$	177,110
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	11,476	$	10,988	$	16,397	$	7,605	$	2,475	$	4,299	$	53,876	$	664	$	107,780
Non-performing		—		110		46		—		59		344		272		—		831
Total	$	11,476	$	11,098	$	16,443	$	7,605	$	2,534	$	4,643	$	54,148	$	664	$	108,611
Current period gross charge-offs	$	5	$	6	$	21	$	19	$	13	$	143	$	—	$	—	$	207
Total by payment performance
Performing	$	24,353	$	26,590	$	26,797	$	65,145	$	44,343	$	42,717	$	53,876	$	664	$	284,485
Non-performing		—		110		46		—		59		749		272		—		1,236
Total	$	24,353	$	26,700	$	26,843	$	65,145	$	44,402	$	43,466	$	54,148	$	664	$	285,721
Current period gross charge-offs	$	5	$	6	$	21	$	19	$	13	$	143	$	—	$	—	$	207

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 months ended March 31, 2025 and 2024 (in thousands).


	Three months ended March 31, 2025
	Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Residential mortgages	$	192		0.11	%
Total	$	192

As of March 31, 2025, the modified loan described in the table above was current as to payments.


	Three months ended March 31, 2024
	Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Commercial real estate (owner occupied)	$	185		0.21	%
Total	$	185

	Combination - Term Extension and Payment Delay
	Amortized Cost Basis		% of Total Class of Loans
Commercial and industrial	$	171		0.11	%
Total	$	171


Three months ended March 31, 2025
Term Extension
Loan Type		Financial Effect
Residential mortgages		Provided a maturity date extension of 230 months (approximately 19 years).


Three months ended March 31, 2024
Term Extension
Loan Type		Financial Effect
Commercial real estate (owner occupied)		Provided a maturity date extension of five years.

Combination - Term Extension and Payment Delay
Loan Type		Financial Effect
Commercial and industrial		Provided a maturity date extension of nine months and modified seasonal principal and interest payments to interest only until maturity.