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 June 30, 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

$

3,823

$

3,606

$

1,628

$

—

$

5,924

$

—

$

—

$

14,981

Collectively evaluated

85,252

139,364

177,159

131,375

236,395

175,030

109,504

1,054,079

Total loans

$

89,075

$

142,970

$

178,787

$

131,375

$

242,319

$

175,030

$

109,504

$

1,069,060

Allowance for credit losses:

Specific reserve allocation

$

—

$

851

$

—

$

—

$

—

$

—

$

—

$

851

General reserve allocation

319

2,161

3,516

1,446

4,317

310

1,140

13,209

Total allowance for credit losses

$

319

$

3,012

$

3,516

$

1,446

$

4,317

$

310

$

1,140

$

14,060


	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 June 30, 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)	$	3,823	$	—	$	3,823	$	—	$	—	$	3,823
Commercial and industrial		—		2,607		2,607		1,020		234		3,861
Commercial real estate (non-owner occupied) - retail		935		—		935		—		—		935
Other commercial real estate (non-owner occupied)		5,924		—		5,924		—		—		5,924
Residential mortgages		—		136		136		—		—		136
Consumer		—		716		716		—		24		740
Total	$	10,682	$	3,459	$	14,141	$	1,020	$	258	$	15,419


	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 June 30, 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	$	852	$	13,844	$	15,451	$	10,258	$	55,573	$	78,916	$	—	$	—	$	174,894
Non-performing		—		—		—		—		—		136		—		—		136
Total	$	852	$	13,844	$	15,451	$	10,258	$	55,573	$	79,052	$	—	$	—	$	175,030
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	6,114	$	9,885	$	9,227	$	14,803	$	6,850	$	6,358	$	55,520	$	31	$	108,788
Non-performing		—		7		78		—		—		374		257		—		716
Total	$	6,114	$	9,892	$	9,305	$	14,803	$	6,850	$	6,732	$	55,777	$	31	$	109,504
Current period gross charge-offs	$	1	$	28	$	29	$	4	$	—	$	57	$	—	$	—	$	119
Total by payment performance
Performing	$	6,966	$	23,729	$	24,678	$	25,061	$	62,423	$	85,274	$	55,520	$	31	$	283,682
Non-performing		—		7		78		—		—		510		257		—		852
Total	$	6,966	$	23,736	$	24,756	$	25,061	$	62,423	$	85,784	$	55,777	$	31	$	284,534
Current period gross charge-offs	$	1	$	28	$	29	$	4	$	—	$	57	$	—	$	—	$	119


	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 and six months ended June 30, 2025 and 2024 (in thousands).

There were no loans modified to borrowers experiencing financial difficulty during the three months ended June 30, 2025.


	Six months ended June 30, 2025
	Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Residential mortgages	$	192		0.11	%
Total	$	192

As of June 30, 2025, the modified loan described in the table above was current as to payments.


	Three and six months ended June 30, 2024
	Combination - Term Extension and Payment Delay
	Amortized Cost Basis		% of Total Class of Loans
Commercial and industrial	$	171		0.11	%
Total	$	171


Six months ended June 30, 2025
Term Extension
Loan Type		Financial Effect
Residential mortgages		Provided a maturity date extension of 230 months (approximately 19 years).


Three and six months ended June 30, 2024
Combination - Term Extension and Payment Delay
Loan Type		Financial Effect
Commercial and industrial		During the first quarter of 2024, provided a maturity date extension of ninety days and modified seasonal principal and interest payments to interest only until maturity. During the second quarter of 2024, provided the same borrower an additional maturity date extension of ninety days with continued interest only payments.