| Financing Receivable Restructurings [Text Block] |
Loan Restructurings
The Company evaluates all loan restructurings according to the accounting guidance for loan modifications to determine if the restructuring results in a new loan or a continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications. Therefore, the disclosures related to loan restructurings are only for modifications that directly affect cash flows.
Any restructuring of a loan in which the borrower has experienced financial difficulty and the terms of the loan are more favorable than would generally be considered for borrowers with the same credit characteristics would be individually evaluated. Otherwise, the restructured loan remains in the appropriate segment in the ACL model.
The following table presents the amortized cost basis of loans that were both experiencing financial difficulty and modified during the three and six months ended June 30, 2025 and June 30, 2024, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:
| Three Months Ended June 30, 2025 |
|
Amortized Cost |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
|
|
|
|
|
% of Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
Class of |
|
| |
|
Payment |
|
|
Term |
|
|
Interest Rate |
|
|
and Interest |
|
|
|
|
|
|
Financing |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Extension |
|
|
Reduction |
|
|
Rate Reduction |
|
|
Total |
|
|
Receivable |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
$ |
0 |
|
|
$ |
11,128 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
11,128 |
|
|
|
0.02 |
% |
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
58 |
|
|
$ |
58 |
|
|
|
0.00 |
% |
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
103 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
$ |
103 |
|
|
|
0.00 |
% |
| Home equity lines of credit |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
75 |
|
|
$ |
75 |
|
|
|
0.00 |
% |
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
103 |
|
|
$ |
11,128 |
|
|
$ |
0 |
|
|
$ |
133 |
|
|
$ |
11,364 |
|
|
|
0.00 |
% |
| Six Months Ended June 30, 2025 |
|
Amortized Cost |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
|
|
|
|
|
% of Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
Class of |
|
| |
|
Payment |
|
|
Term |
|
|
Interest Rate |
|
|
and Interest |
|
|
|
|
|
|
Financing |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Extension |
|
|
Reduction |
|
|
Rate Reduction |
|
|
Total |
|
|
Receivable |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
$ |
0 |
|
|
$ |
11,128 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
11,128 |
|
|
|
0.02 |
% |
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
124 |
|
|
|
0 |
|
|
|
0 |
|
|
|
58 |
|
|
$ |
182 |
|
|
|
0.00 |
% |
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
103 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
$ |
103 |
|
|
|
0.00 |
% |
| Home equity lines of credit |
|
|
0 |
|
|
|
14 |
|
|
|
0 |
|
|
|
75 |
|
|
$ |
89 |
|
|
|
0.00 |
% |
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
227 |
|
|
$ |
11,142 |
|
|
$ |
0 |
|
|
$ |
133 |
|
|
$ |
11,502 |
|
|
|
0.00 |
% |
| Three Months Ended June 30, 2024 |
|
Amortized Cost |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
|
|
|
|
|
% of Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
Class of |
|
| |
|
Payment |
|
|
Principal |
|
|
Interest Rate |
|
|
and Interest |
|
|
|
|
|
|
Financing |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Forgiveness |
|
|
Reduction |
|
|
Rate Reduction |
|
|
Total |
|
|
Receivable |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
20 |
|
|
$ |
20 |
|
|
|
0.01 |
% |
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
20 |
|
|
$ |
20 |
|
|
|
0.00 |
% |
| Six Months Ended June 30, 2024 |
|
Amortized Cost |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
|
|
|
|
|
% of Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
Class of |
|
| |
|
Payment |
|
|
Principal |
|
|
Interest Rate |
|
|
and Interest |
|
|
|
|
|
|
Financing |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Forgiveness |
|
|
Reduction |
|
|
Rate Reduction |
|
|
Total |
|
|
Receivable |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
29 |
|
|
$ |
20 |
|
|
$ |
49 |
|
|
|
0.03 |
% |
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
29 |
|
|
$ |
20 |
|
|
$ |
49 |
|
|
|
0.00 |
% |
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 and June 30, 2024:
| |
|
Payment Deferral |
|
|
Term Extension |
|
|
Interest Rate Reduction |
|
| |
|
Weighted-Average |
|
|
Weighted-Average Years |
|
|
Weighted-Average |
|
| |
|
Principal Deferred |
|
|
Added to the Life |
|
|
Contractual Interest Rate |
|
| Three Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
From |
|
|
To |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
6 |
|
|
|
10.25 |
% |
|
|
8.00 |
% |
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
|
|
|
|
|
10 |
|
|
|
7.75 |
% |
|
|
4.00 |
% |
| |
|
Payment Deferral |
|
|
Term Extension |
|
|
Interest Rate Reduction |
|
| |
|
Weighted-Average |
|
|
Weighted-Average Years |
|
|
Weighted-Average |
|
| |
|
Principal Deferred |
|
|
Added to the Life |
|
|
Contractual Interest Rate |
|
| Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
From |
|
|
To |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
$ |
112 |
|
|
|
6 |
|
|
|
10.25 |
% |
|
|
8.00 |
% |
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
|
|
|
|
|
9 |
|
|
|
7.75 |
% |
|
|
4.00 |
% |
| |
|
Payment Deferral |
|
|
Term Extension |
|
|
Interest Rate Reduction |
|
| |
|
Weighted-Average |
|
|
Weighted-Average Years |
|
|
Weighted-Average |
|
| |
|
Principal Deferred |
|
|
Added to the Life |
|
|
Contractual Interest Rate |
|
| Three Months Ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
From |
|
|
To |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home Equity Lines of Credit |
|
|
|
|
|
|
10 |
|
|
|
10.75 |
% |
|
|
7.25 |
% |
| |
|
Payment Deferral |
|
|
Term Extension |
|
|
Interest Rate Reduction |
|
| |
|
Weighted-Average |
|
|
Weighted-Average Years |
|
|
Weighted-Average |
|
| |
|
Principal Deferred |
|
|
Added to the Life |
|
|
Contractual Interest Rate |
|
| Six Months Ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
From |
|
|
To |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
|
|
|
|
10 |
|
|
|
10.45 |
% |
|
|
5.92 |
% |
The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of such loans that have been modified in the three and six months ended June 30, 2025 and June 30, 2024:
| Three Months Ended June 30, 2025 |
|
Payment status (Amortized cost Basis) |
|
| |
|
|
|
|
|
30-89 |
|
|
90+ |
|
| (In Thousands of Dollars) |
|
Current |
|
|
Days past due |
|
|
Days past due |
|
| Accrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
$ |
11,128 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
103 |
|
|
|
0 |
|
|
|
0 |
|
| Home equity lines of credit |
|
|
75 |
|
|
|
0 |
|
|
|
0 |
|
| Total accruing restructured loans |
|
$ |
11,306 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
58 |
|
|
|
0 |
|
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Home equity lines of credit |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Total nonaccrual restructured loans |
|
|
58 |
|
|
|
0 |
|
|
|
0 |
|
| Total restructured loans |
|
$ |
11,364 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Six Months Ended June 30, 2025 |
|
Payment status (Amortized cost Basis) |
|
| |
|
|
|
|
|
30-89 |
|
|
90+ |
|
| (In Thousands of Dollars) |
|
Current |
|
|
Days past due |
|
|
Days past due |
|
| Accrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
$ |
11,128 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
103 |
|
|
|
0 |
|
|
|
0 |
|
| Home equity lines of credit |
|
|
89 |
|
|
|
0 |
|
|
|
0 |
|
| Total accruing restructured loans |
|
$ |
11,320 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-owner occupied |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
58 |
|
|
|
0 |
|
|
|
124 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Home equity lines of credit |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Total nonaccrual restructured loans |
|
$ |
58 |
|
|
$ |
0 |
|
|
$ |
124 |
|
| Total restructured loans |
|
$ |
11,378 |
|
|
$ |
0 |
|
|
$ |
124 |
|
| Three Months Ended June 30, 2024 |
|
Payment status (Amortized cost Basis) |
|
| |
|
|
|
|
|
30-89 |
|
|
90+ |
|
| (In Thousands of Dollars) |
|
Current |
|
|
Days past due |
|
|
Days past due |
|
| Accrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
$ |
20 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Total accruing restructured loans |
|
$ |
20 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Total nonaccrual restructured loans |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Total restructured loans |
|
$ |
20 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Six Months Ended June 30, 2024 |
|
Payment status (Amortized cost Basis) |
|
| |
|
|
|
|
|
30-89 |
|
|
90+ |
|
| (In Thousands of Dollars) |
|
Current |
|
|
Days past due |
|
|
Days past due |
|
| Accrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
$ |
20 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Total accruing restructured loans |
|
$ |
20 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual restructured loans |
|
|
|
|
|
|
|
|
|
|
|
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
|
0 |
|
|
|
29 |
|
|
|
0 |
|
| Total nonaccrual restructured loans |
|
$ |
0 |
|
|
$ |
29 |
|
|
$ |
0 |
|
| Total restructured loans |
|
$ |
20 |
|
|
$ |
29 |
|
|
$ |
0 |
|
As of June 30, 2025, the Company had no commitments to lend any additional funds on restructured loans.
The following table presents the amortized cost basis of loans that had a payment default during the three and six months ended June 30, 2025 and June 30, 2024, and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. For purposes of this disclosure a default occurs when within 12 months of the original modification, a loan is 30 days contractually past due under the modified terms:
| Three Months Ended June 30, 2025 |
|
Amortized Cost |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
| |
|
Payment |
|
|
Term |
|
|
Interest Rate |
|
|
and Interest Rate |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Extension |
|
|
Reduction |
|
|
Reduction |
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Six Months Ended June 30, 2025 |
|
Amortized Cost |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
| |
|
Payment |
|
|
Term |
|
|
Interest Rate |
|
|
and Interest Rate |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Extension |
|
|
Reduction |
|
|
Reduction |
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
$ |
124 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
19 |
|
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
124 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
19 |
|
| Three Months Ended June 30, 2024 |
|
Amortized Cost |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
| |
|
Payment |
|
|
Term |
|
|
Interest Rate |
|
|
and Interest Rate |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Extension |
|
|
Reduction |
|
|
Reduction |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home equity lines of credit |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
29 |
|
|
$ |
0 |
|
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
29 |
|
|
$ |
0 |
|
| Six Months Ended June 30, 2024 |
|
Amortized Cost |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
| |
|
Payment |
|
|
Term |
|
|
Interest Rate |
|
|
and Interest Rate |
|
| (In Thousands of Dollars) |
|
Deferral |
|
|
Extension |
|
|
Reduction |
|
|
Reduction |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
30 |
|
|
$ |
41 |
|
| Home equity lines of credit |
|
|
0 |
|
|
|
0 |
|
|
|
29 |
|
|
|
0 |
|
| Total modifications to borrowers experiencing financial difficulty |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
59 |
|
|
$ |
41 |
|
Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance of the credit losses is adjusted by the same amount.
|