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ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule of Allowance for Credit Losses by Loan Segment, for Unfunded Commitments and Recorded Investment in Loans by Loan Segment

The following schedules present the activity in the ACL by loan segment for the three and nine months ended September 30, 2024 and September 30, 2023:

Three Months Ended			Real Estate - Residential						Real Estate - Commercial						Real Estate - Construction and Land						Commercial and Industrial												Consumer and Other												Total
September 30, 2024
Beginning Balance			$	1,234					$	1,864					$	555					$	7,714											$	2,476											$	13,843
Charge-offs			(20)						—						—						(2,375)												(550)												(2,945)
Recoveries			—						2						—						111												75												188
Provision			(41)						(3)						(41)						2,855												330												3,100
Ending Balance			$	1,173					$	1,863					$	514					$	8,305											$	2,331											$	14,186
September 30, 2023
Beginning Balance			$	2,542					$	1,889					$	359					$	7,011											$	797											$	12,598
Charge-offs			—						(108)						—						(1,542)												(875)												(2,525)
Recoveries			8						75						—						114												93												290
Provision			131						(298)						121						1,861												1,187												3,002
Ending Balance			$	2,681					$	1,558					$	480					$	7,444											$	1,202											$	13,365

			Real Estate - Residential						Real Estate - Commercial						Real Estate - Construction and Land						Commercial and Industrial												Consumer and Other						Unallocated						Total
Nine Months Ended
September 30, 2024
Beginning Balance			$	1,987					$	1,818					$	519					$	6,579											$	2,594					$	—					$	13,497
Charge-offs			(20)						(60)						—						(7,898)												(2,299)						—						(10,277)
Recoveries			—						6						—						352												249						—						607
Provision			(794)						99						(5)						9,272												1,787						—						10,359
Ending Balance			$	1,173					$	1,863					$	514					$	8,305											$	2,331					$	—					$	14,186
September 30, 2023
Beginning Balance			$	731					$	956					$	28					$	6,182											$	1,090					$	59					$	9,046
Impact of adopting ASC 326			1,479						613						281						1,116												(323)						(59)						3,107
Charge-offs			—						(108)						—						(4,660)												(2,214)						—						(6,982)
Recoveries			8						77						—						303												219						—						607
Provision			463						20						171						4,503												2,430						—						7,587
Ending Balance			$	2,681					$	1,558					$	480					$	7,444											$	1,202					$	—					$	13,365

Schedule of Allowance for Credit Loss on Unfunded Commitments

The following table presents the activity in the ACL for unfunded commitments for the three and nine months ended September 30, 2024 and September 30, 2023:

			For the Three Months Ended												For the Nine Months Ended
			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
Balance at beginning of period			$	641					$	844					$	839					$	511
Impact of adopting ASC 326			—						—						—						213
Provision for credit losses on unfunded commitments			23						—						(175)						120
Unfunded commitments charge-offs			—						—						—						—
Unfunded commitments recoveries			—						—						—						—
Balance at end of period			$	664					$	844					$	664					$	844

Schedule of Recorded Investment in Nonaccrual and Loans Past Due over 89 Days Still on Accrual by Loan Segment

The following tables present the principal balance of nonaccrual loans and loans past due over 89 days still on accrual by loan segment at September 30, 2024 and December 31, 2023. In the following tables, the principal balance does not include the government guaranteed balance or loans measured at fair value.

September 30, 2024			Nonaccrual with no ACL(1)						Nonaccrual with ACL(1)						Loans Past Due Over 89 Days Still Accruing(1)
Real estate - residential			$	—					$	4,838					$	233
Real estate - commercial			—						4,207						—
Commercial and industrial			—						1,429						3
Consumer and other			—						—						282
Total			$	—					$	10,474					$	518

December 31, 2023			Nonaccrual with no ACL(1)						Nonaccrual with ACL(1)						Loans Past Due Over 89 Days Still Accruing(1)
Real estate - residential			$	—					$	4,654					$	583
Real estate - commercial			—						1,159						—
Commercial and industrial			—						1,587						—
Consumer and other			—						—						282
Total			$	—					$	7,400					$	865

(1) Excludes loans measured at fair value. See Note 6. Fair Value for additional information.

Schedule of Credit Exposure for the Loan Portfolio Disaggregated by Loan Segment

The following table presents the principal balance of individually analyzed collateral dependent loans by loan portfolio segment as of December 31, 2023:

December 31, 2023												Type of Collateral									ACL
															Business Assets
Commercial and industrial															$	390					$	255

The table below sets forth principal balance for the commercial loan portfolio disaggregated by loan segment based on internally assigned risk ratings at September 30, 2024 and gross write offs for the nine months ended September 30, 2024:

																																	Revolving						Revolving
																																	Loans						Loans
			Term Loans Amortized Cost Basis by Origination Year																														Amortized						Converted
			2024						2023						2022						2021						Prior						Cost Basis						to Term						Total
Real estate - commercial
Risk Rating
Pass			$	40,742					$	67,755					$	71,376					$	47,918					$	53,626					$	2,528					$	—					$	283,945
Special mention			154						814						2,368						117						410						10						—						3,873
Substandard			—						2,971						291						99						847						—						—						4,208
Doubtful			—						—						—						—						—						—						—						—
Total real estate - commercial loans, at amortized cost, gross			40,896						71,540						74,035						48,134						54,883						2,538						—						292,026
Gross write offs			—						—						60						—						—						—						—						60
Real estate - construction and land
Risk Rating
Pass			1,951						19,747						9,245						2,841						—						—						—						33,784
Special mention			—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—
Total real estate - construction and land loans, at amortized cost, gross			1,951						19,747						9,245						2,841						—						—						—						33,784
Gross write offs			—						—						—						—						—						—						—						—

																																	Revolving						Revolving
																																	Loans						Loans
			Term Loans Amortized Cost Basis by Origination Year																														Amortized						Converted
			2024						2023						2022						2021						Prior						Cost Basis						to Term						Total
Commercial and industrial
Risk Rating
Pass			51,316						42,657						35,791						11,170						39,896						9,057						—						189,887
Special mention			215						1,994						2,268						626						3,739						—						—						8,842
Substandard			—						42						459						11						971						—						—						1,483
Doubtful			—						—						—						—						—						—						—						—
Total commercial and industrial loans, at amortized cost, gross			51,531						44,693						38,518						11,807						44,606						9,057						—						200,212
Gross write offs			—						2,533						2,572						317						2,476						—						—						7,898
Commercial and industrial - PPP
Risk Rating
Pass			—						—						—						223						434						—						—						657
Special mention			—						—						—						—						999						—						—						999
Substandard			—						—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—						—
Total commercial and industrial - PPP loans, at amortized cost, gross			—						—						—						223						1,433						—						—						1,656
Gross write offs			—						—						—						—						—						—						—						—

The table below sets forth principal balance for the commercial loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2023 and gross write offs for the year ended December 31, 2023:

																											Revolving						Revolving
																											Loans						Loans
			Term Loans Amortized Cost Basis by Origination Year																								Amortized						Converted
			2023						2022						2021						Prior						Cost Basis						to Term						Total
Real estate - commercial
Risk Rating
Pass			$	94,092					$	79,712					$	50,985					$	64,648					$	2,439					$	—					$	291,876
Special mention			—						482						78						—						—						—						560
Substandard			—						195						31						933						—						—						1,159
Doubtful			—						—						—						—						—						—						—
Total real estate - commercial loans, at amortized cost, gross			94,092						80,389						51,094						65,581						2,439						—						293,595
Gross write offs			—						101						—						7						—						—						108

																											Revolving						Revolving
																											Loans						Loans
			Term Loans Amortized Cost Basis by Origination Year																								Amortized						Converted
			2023						2022						2021						Prior						Cost Basis						to Term						Total
Real estate - construction and land
Risk Rating
Pass			11,366						12,755						2,151						—						—						—						26,272
Special mention			—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—
Total real estate - construction and land loans, at amortized cost, gross			11,366						12,755						2,151						—						—						—						26,272
Gross write offs			—						—						—						—						—						—						—
Commercial and industrial
Risk Rating
Pass			51,212						45,325						13,807						54,003						10,750						—						175,097
Special mention			—						150						43						671						—						—						864
Substandard			—						1,004						14						587						—						—						1,605
Doubtful			—						—						—						—						—						—						—
Total commercial and industrial loans, at amortized cost, gross			51,212						46,479						13,864						55,261						10,750						—						177,566
Gross write offs			325						1,543						259						4,113						—						—						6,240
Commercial and industrial - PPP
Risk Rating
Pass			—						—						135						3,067						—						—						3,202
Special mention			—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—
Doubtful			—						—						—						—						—						—						—
Total commercial and industrial - PPP loans, at amortized cost, gross			—						—						135						3,067						—						—						3,202
Gross write offs			—						—						—						223						—						—						223

The following table presents the principal balance at September 30, 2024 in residential and consumer loans based on payment activity as well as gross write offs for the nine months ended September 30, 2024.

																																	Revolving						Revolving
																																	Loans						Loans
			Term Loans Amortized Cost Basis by Origination Year																														Amortized						Converted
			2024						2023						2022						2021						Prior						Cost Basis						to Term						Total
Real estate - residential
Payment Performance
Performing			$	31,743					$	28,410					$	84,265					$	23,020					$	17,892					$	131,339					$	—					$	316,669
Nonperforming			—						—						814						132						2,949						1,176						—						5,071
Total real estate - residential loans, at amortized cost, gross			31,743						28,410						85,079						23,152						20,841						132,515						—						321,740
Gross write offs			—						—						—						—						20						—						—						20
Consumer and other
Payment Performance
Performing			56,112						22,437						11,635						701						156						1,223						—						92,264
Nonperforming			32						16						234						—						—						—						—						282
Total consumer and other loans, at amortized cost, gross			56,144						22,453						11,869						701						156						1,223						—						92,546
Gross write offs			—						228						1,888						33						150						—						—						2,299

The following table presents the principal balance at December 31, 2023 in residential and consumer loans based on payment activity as well as gross write offs for the year ended December 31, 2023.

																											Revolving						Revolving
																											Loans						Loans
			Term Loans Amortized Cost Basis by Origination Year																								Amortized						Converted
			2023						2022						2021						Prior						Cost Basis						to Term						Total
Real estate - residential
Payment Performance
Performing			$	31,377					$	83,951					$	24,524					$	19,709					$	99,328					$	—					$	258,889
Nonperforming			—						1,197						286						2,951						803						—						5,237
Total real estate - residential loans, at amortized cost, gross			31,377						85,148						24,810						22,660						100,131						—						264,126
Gross write offs			—						—						—						—						—						—						—
Consumer and other
Payment Performance
Performing			25,491						19,390						930						204						990						—						47,005
Nonperforming			—						258						24						—						—						—						282
Total consumer and other loans, at amortized cost, gross			25,491						19,648						954						204						990						—						47,287
Gross write offs			79						3,182						11						8						—						—						3,280

Schedule of Aging of Recorded Investment in Past Due Gross Loans at Amortized Cost

The following table presents the aging of the principal balance of past due loans HFI at amortized cost at September 30, 2024 by loan segment:

			30-89 Days Past Due						Greater Than 89 Days Past Due						Total Past Due						Loans Not Past Due (1)						Total Loans
Real estate - residential			$	1,926					$	5,070					$	6,996					$	314,744					$	321,740
Real estate - commercial			499						4,108						4,607						287,419						292,026
Real estate - construction and land			—						—						—						33,784						33,784
Commercial and industrial			3,332						1,228						4,560						195,652						200,212
Commercial and industrial - PPP			—						—						—						1,656						1,656
Consumer and other			747						282						1,029						91,517						92,546
Total			$	6,504					$	10,688					$	17,192					$	924,772					$	941,964
(1) $1,733 of balances 30-89 days past due and $4,252 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guarantee. Of those loans, $1,228 of commercial and industrial PPP loans were delinquent as of September 30, 2024.

The following table presents the aging of the principal balance of past due loans HFI at amortized cost at December 31, 2023 by loan segment:

			30-89 Days Past Due						Greater Than 89 Days Past Due						Total Past Due						Loans Not Past Due (1)						Total Loans
Real estate - residential			$	1,840					$	5,184					$	7,024					$	257,102					$	264,126
Real estate - commercial			2,870						791						3,661						289,934						293,595
Real estate - construction and land			—						—						—						26,272						26,272
Commercial and industrial			3,970						603						4,573						172,993						177,566
Commercial and industrial - PPP			—						—						—						3,202						3,202
Consumer and other			1,221						282						1,503						45,784						47,287
Total			$	9,901					$	6,860					$	16,761					$	795,287					$	812,048
(1) $1,469 of balances 30-89 days past due and $638 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guarantee. Of those loans, $261 of commercial and industrial PPP loans were delinquent as of December 31, 2023.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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