v3.25.2
Loans And Allowance For Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2025
Loans And Allowance For Credit Losses [Abstract]  
Summary Of Loans, Net

As of

As of

June 30, 2025

December 31, 2024

Commercial

$ 70,510

$ 66,418

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

153,526

140,443

Commercial Mortgages-Non-Owner Occupied

202,147

195,089

Commercial Construction/Land

10,678

23,883

Consumer:

Consumer Open-End

54,337

50,041

Consumer Closed-End

26,280

28,269

Residential:

Residential Mortgages

108,875

113,303

Residential Consumer Construction/Land

29,044

26,150

Total loans

$ 655,397

$ 643,596

Less allowance for credit losses

6,308

7,044

Net loans

$ 649,089

$ 636,552
Amortized Cost Basis Of Collateral Dependent Loans

Collateral Dependent Loans

June 30, 2025

(dollars in thousands)

Business/Other Assets

Real Estate

Commercial

$ 3,961

$ -

Commercial Real Estate

-

7,137

Consumer

-

575

Residential

-

1,603

Total

$ 3,961

$ 9,315

Collateral Dependent Loans

December 31, 2024

(dollars in thousands)

Business/Other Assets

Real Estate

Commercial

$ 3,315

$ -

Commercial Real Estate

-

7,350

Consumer

-

592

Residential

-

1,369

Total

$ 3,315

$ 9,311
Allowance For Credit Losses And Recorded Investment In Loans

The following tables present the activity in the allowance for credit losses for the three and six-month periods ended and the distribution of the allowance by segment as of June 30, 2025, and 2024.

Allowance for Credit Losses and Recorded Investment in Loans

(dollars in thousands)

As of and For the Three Months Ended June 30, 2025

Commercial

2025

Commercial

Real Estate

Consumer

Residential

Total

Allowance for Credit Losses:

Beginning Balance, March 31, 2025

$             532 

$                 3,915 

$             837 

$            1,737 

$         7,021 

Charge-Offs

-

-

(160)

-

(160)

Recoveries

1 

-

1 

-

2 

Provision for (recovery of) credit losses

214 

(868)

121 

(22)

(555)

Ending Balance, June 30, 2025

$             747 

-

$                 3,047 

$             799 

$            1,715 

$         6,308 

Allowance for Credit Losses and Recorded Investment in Loans

(dollars in thousands)

As of and For the Six Months Ended June 30, 2025

Commercial

2025

Commercial

Real Estate

Consumer

Residential

Total

Allowance for Credit Losses:

Beginning Balance, December 31, 2024

686 

3,719 

842 

1,797 

7,044 

Charge-Offs

-

-

(212)

(9)

(221)

Recoveries

5 

1 

7 

-

13 

Provision for (recovery of) credit losses

56 

(673)

162 

(73)

(528)

Ending Balance, June 30, 2025

747 

3,047 

799 

1,715 

$         6,308 

Allowance for Credit Losses and Recorded Investment in Loans

(dollars in thousands)

As of and For the Three Months Ended June 30, 2024

Commercial

2024

Commercial

Real Estate

Consumer

Residential

Total

Allowance for Credit Losses:

Beginning Balance, March 31, 2024

$             644 

$                 3,642 

$             884 

$            1,750 

$         6,920 

Charge-Offs

-

-

-

(19)

-

(19)

Recoveries

133 

-

3 

13 

-

149 

Provision for (recovery of) credit losses

(171)

-

103 

19 

(50)

(99)

Ending Balance, June 30, 2024

$             606 

$                 3,748 

$             897 

$            1,700 

$         6,951 

Allowance for Credit Losses and Recorded Investment in Loans

(dollars in thousands)

As of and For the Six Months Ended June 30, 2024

Commercial

2024

Commercial

Real Estate

Consumer

Residential

Total

Allowance for Credit Losses:

Beginning Balance, December 31, 2023

$             514 

$                 3,985 

$          1,093 

$            1,820 

$         7,412 

Charge-Offs

(8)

-

(76)

-

(84)

Recoveries

198 

4 

20 

1 

223 

Provision for (recovery of)

(98)

(241)

(140)

(121)

(600)

Ending Balance, June 30, 2024

$             606 

$                 3,748 

$             897 

$            1,700 

$         6,951 
Amortized Cost Basis By Origination Year

Term Loans Amortized Cost Basis by Origination Year

2025

2024

2023

2022

2021

Prior

Revolving Loans Amortized Cost Basis

Revolving Loans Converted to Term

Total

Commercial:

Risk Rating

Pass

$ 8,626

$ 6,625

$ 3,162

$ 2,721

$ 6,169

$ 15,205

$ 23,972

$ 20

$ 66,500

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

900

11

38

543

2,371

147

4,010

Total

$ 8,626

$ 6,625

$ 4,062

$ 2,732

$ 6,207

$ 15,748

$ 26,343

$ 167

$ 70,510

Commercial Real Estate:

Commercial Mort. - Owner Occupied

Risk Rating

Pass

$ 8,504

$ 25,908

$ 7,541

$ 22,021

$ 44,716

$ 38,612

$ 1,382

$ 150

$ 148,834

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

91

-

2,804

1,797

-

-

4,692

Total

$ 8,504

$ 25,908

$ 7,633

$ 22,021

$ 47,520

$ 40,409

$ 1,382

$ 150

$ 153,526

Commercial Mort. - Non-Owner Occupied

Risk Rating

Pass

$ 10,349

$ 40,351

$ 11,895

$ 48,124

$ 26,563

$ 55,895

$ 6,776

$ -

$ 199,954

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

937

-

1,255

-

-

2,192

Total

$ 10,349

$ 40,351

$ 11,895

$ 49,061

$ 26,563

$ 57,151

$ 6,776

$ -

$ 202,147

Commercial Construction/Land

Risk Rating

Pass

$ 2,228

$ 1,794

$ 555

$ 375

$ 2,657

$ 2,435

$ 300

$ -

$ 10,343

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

335

-

-

-

335

Total

$ 2,228

$ 1,794

$ 555

$ 375

$ 2,992

$ 2,435

$ 300

$ -

$ 10,678

Consumer:

Consumer - Open-End

Risk Rating

Pass

$ -

$ -

$ -

$ -

$ -

$ -

$ 52,409

$ 1,493

$ 53,902

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

435

435

Total

$ -

$ -

$ -

$ -

$ -

$ -

$ 52,409

$ 1,928

$ 54,337

Consumer - Closed-End

Risk Rating

Pass

$ 941

$ 5,945

$ 4,037

$ 8,810

$ 306

$ 5,965

$ -

$ -

$ 26,003

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

35

-

112

-

129

-

-

276

Total

$ 941

$ 5,980

$ 4,037

$ 8,922

$ 306

$ 6,094

$ -

$ -

$ 26,280

Residential:

Residential Mortgages

Risk Rating

Pass

$ 5,700

$ 17,851

$ 20,311

$ 20,361

$ 7,800

$ 34,758

$ -

$ -

$ 106,781

Special Mention

-

-

-

-

-

70

-

-

70

Substandard

-

-

-

509

-

1,516

-

-

2,025

Total

$ 5,700

$ 17,851

$ 20,311

$ 20,870

$ 7,800

$ 36,344

$ -

$ -

$ 108,875

Residential Consumer Construction/Land

Risk Rating

Pass

$ 9,374

$ 9,548

$ 4,158

$ 2,198

$ 1,111

$ 2,650

$ 5

$ -

$ 29,044

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

-

Total

$ 9,374

$ 9,548

$ 4,158

$ 2,198

$ 1,111

$ 2,650

$ 5

$ -

$ 29,044

Totals:

Risk Rating

Pass

$ 45,722

$ 108,021

$ 51,660

$ 104,609

$ 89,321

$ 155,520

$ 84,845

$ 1,663

$ 641,361

Special Mention

-

-

-

-

-

70

-

-

70

Substandard

-

35

992

1,569

3,177

5,240

2,371

582

13,966

Total

$ 45,722

$ 108,056

$ 52,652

$ 106,178

$ 92,499

$ 160,829

$ 87,216

$ 2,245

$ 655,397


‎

Note 8 – Loans and allowance for credit losses (continued)

The table below details the amortized cost of the classes of loans by credit quality indicator and year of origination as of December 31, 2024 (dollars in thousands).

Term Loans Amortized Cost Basis by Origination Year

2024

2023

2022

2021

2020

Prior

Revolving Loans Amortized Cost Basis

Revolving Loans Converted to Term

Total

Commercial

Risk Rating

Pass

$ 10,412

$ 3,680

$ 2,901

$ 7,188

$ 734

$ 16,070

$ 21,602

$ 341

$ 62,928

Special Mention

-

-

41

79

-

-

-

-

120

Substandard

-

922

13

43

-

569

1,654

169

3,370

Total

$ 10,412

$ 4,602

$ 2,955

$ 7,310

$ 734

$ 16,639

$ 23,256

$ 510

$ 66,418

Commercial Real Estate:

Commercial Mort. - Owner Occupied

Risk Rating

Pass

$ 21,261

$ 8,959

$ 21,770

$ 39,881

$ 5,663

$ 35,869

$ 1,564

$ 153

$ 135,120

Special Mention

-

-

-

-

-

451

-

-

451

Substandard

-

93

-

2,898

44

1,837

-

-

4,872

Total

$ 21,261

$ 9,052

$ 21,770

$ 42,779

$ 5,707

$ 38,157

$ 1,564

$ 153

$ 140,443

Commercial Mort. - Non-Owner Occupied

Risk Rating

Pass

$ 39,659

$ 12,203

$ 49,273

$ 27,410

$ 9,698

$ 49,206

$ 6,467

$ -

$ 193,916

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

1,173

-

-

-

1,173

Total

$ 39,659

$ 12,203

$ 49,273

$ 27,410

$ 10,871

$ 49,206

$ 6,467

$ -

$ 195,089

Commercial Construction/Land

Risk Rating

Pass

$ 7,180

$ 1,496

$ 768

$ 9,497

$ 1,976

$ 1,020

$ 641

$ -

$ 22,578

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

951

354

-

-

-

-

1,305

Total

$ 7,180

$ 1,496

$ 1,719

$ 9,851

$ 1,976

$ 1,020

$ 641

$ -

$ 23,883

Consumer:

Consumer - Open-End

Risk Rating

Pass

$ -

$ -

$ -

$ -

$ -

$ -

$ 48,531

$ 1,110

$ 49,641

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

400

400

Total

$ -

$ -

$ -

$ -

$ -

$ -

$ 48,531

$ 1,510

$ 50,041

Consumer - Closed-End

Risk Rating

Pass

$ 6,660

$ 4,548

$ 9,634

$ 382

$ 398

$ 6,366

$ -

$ -

$ 27,988

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

37

-

119

-

-

125

-

-

281

Total

$ 6,697

$ 4,548

$ 9,753

$ 382

$ 398

$ 6,491

$ -

$ -

$ 28,269

Residential:

Residential Mortgages

Risk Rating

Pass

$ 18,418

$ 23,905

$ 22,954

$ 9,082

$ 8,376

$ 28,572

$ -

$ -

$ 111,307

Special Mention

-

-

-

-

-

73

-

-

73

Substandard

-

-

265

-

103

1,555

-

-

1,923

Total

$ 18,418

$ 23,905

$ 23,219

$ 9,082

$ 8,479

$ 30,200

$ -

$ -

$ 113,303

Residential Consumer Construction/Land

Risk Rating

Pass

$ 12,522

$ 6,375

$ 2,436

$ 1,161

$ 848

$ 2,808

$ -

$ -

$ 26,150

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

-

Total

$ 12,522

$ 6,375

$ 2,436

$ 1,161

$ 848

$ 2,808

$ -

$ -

$ 26,150

Totals:

Risk Rating

Pass

$ 116,112

$ 61,166

$ 109,736

$ 94,601

$ 27,693

$ 139,911

$ 78,805

$ 1,604

$ 629,628

Special Mention

-

-

41

79

-

524

-

-

644

Substandard

37

1,015

1,348

3,295

1,320

4,086

1,654

569

13,324

Total

$ 116,149

$ 62,181

$ 111,125

$ 97,975

$ 29,013

$ 144,521

$ 80,459

$ 2,173

$ 643,596


‎

Gross Charge-Offs By Origination Year

Current Period Gross Charge-Offs by Origination Year (in thousands)

As of June 30, 2025

2025

2024

2023

2022

2021

Prior

Revolving Loans Amortized Cost Basis

Revolving Loans Converted to Term

Total

Commercial

$            -

$            -

$            -

$            -

$            -

$            -

$              -

$              -

$            -

Commercial Real Estate:

-

-

-

-

-

-

-

-

Commercial Mortgages-Owner Occupied

-

-

-

-

-

-

-

-

Commercial Mortgages-Non-Owner Occupied

-

-

-

-

-

-

-

-

Commercial Construction/Land

-

-

-

-

-

-

-

-

Consumer:

Consumer Open-End

-

-

-

48

-

5

-

-

53

Consumer Closed-End

-

-

44

96

19

-

-

-

159

Residential:

-

-

-

-

-

-

-

-

-

Residential Mortgages

-

-

-

-

-

9

-

-

9

Residential Consumer Construction/Land

-

-

-

-

-

-

-

-

Total

$            -

$            -

$         44

$       144

$         19

$         14

$              -

$              -

$       221

As of December 31, 2024

2024

2023

2022

2021

2020

Prior

Revolving Loans Amortized Cost Basis

Revolving Loans Converted to Term

Total

Commercial

$            -

$           8

$            -

$            -

$            -

$            -

$              -

$              -

$           8

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

-

-

-

-

-

-

-

-

-

Commercial Mortgages-Non-Owner Occupied

-

-

-

-

-

-

-

-

-

Commercial Construction/Land

-

-

-

-

-

-

-

-

-

Consumer:

Consumer Open-End

-

-

-

-

-

2

-

-

2

Consumer Closed-End

-

-

74

-

-

-

-

-

74

Residential:

Residential Mortgages

-

-

-

-

-

-

-

-

-

Residential Consumer Construction/Land

-

-

-

-

-

-

-

-

-

Total

$            -

$           8

$         74

$            -

$            -

$           2

$              -

$              -

$         84
Loans On Non-Accrual Status

June 30, 2025

Nonaccrual Loans

With No Allowance

With an Allowance

Total

Commercial

$ 390

$ 72

$ 462

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

33

-

33

Commercial Mortgages-Non-Owner Occupied

82

-

82

Commercial Construction/Land

335

-

335

Consumer

Consumer Open-End

-

-

-

Consumer Closed-End

192

-

192

Residential:

Residential Mortgages

741

-

741

Residential Consumer Construction/Land

-

-

-

Total

$ 1,774

$ 72

$ 1,846

December 31, 2024

Nonaccrual Loans

With No Allowance

With an Allowance

Total

Commercial

$ 279

$ 193

$ 472

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

43

-

43

Commercial Mortgages-Non-Owner Occupied

-

-

-

Commercial Construction/Land

354

-

354

Consumer

Consumer Open-End

-

-

-

Consumer Closed-End

192

-

192

Residential:

Residential Mortgages

579

-

579

Residential Consumer Construction/Land

-

-

-

Total

$ 1,447

$ 193

$ 1,640
Age Analysis Of Past Due Financing Receivables

Age Analysis of Past Due Loans as of June 30, 2025

Recorded

Greater

Investment

2025

30-59 Days

60-89 Days

than

Total Past

Total

> 90 Days &

Past Due

Past Due

90 Days

Due

Current

Loans

Accruing

Commercial

$

129

$

-

$

398

$

527

$

69,983

$

70,510

$

-

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

-

-

-

-

153,526

153,526

-

Commercial Mortgages-Non-Owner Occupied

-

-

82

82

202,064

202,147

-

Commercial Construction/Land

-

-

-

-

10,678

10,678

-

Consumer:

Consumer Open-End

265

139

-

404

53,933

54,337

-

Consumer Closed-End

147

-

80

227

26,053

26,280

-

Residential:

Residential Mortgages

853

73

152

1,077

107,798

108,875

-

Residential Consumer Construction/Land

-

143

-

143

28,901

29,044

-

Total

$

1,394

$

354

$

713

$

2,461

$

652,936

$

655,397

$

-

Age Analysis of Past Due Loans as of December 31, 2024

2024

Greater

Investment

30-59 Days

60-89 Days

than

Total Past

Total

> 90 Days &

Past Due

Past Due

90 Days

Due

Current

Loans

Accruing

Commercial

$

-

$

398

$

74

$

472

$

65,946

$

66,418

$

-

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

-

-

43

43

140,400

140,443

-

Commercial Mortgages-Non-Owner Occupied

-

-

-

-

195,089

195,089

-

Commercial Construction/Land

-

-

-

-

23,883

23,883

-

Consumer:

Consumer Open-End

39

1

-

40

50,001

50,041

-

Consumer Closed-End

112

73

-

185

28,084

28,269

-

Residential:

Residential Mortgages

174

358

340

872

112,431

113,303

-

Residential Consumer Construction/Land

-

-

-

-

26,150

26,150

-

Total

$

325

$

830

$

457

$

1,612

$

641,984

$

643,596

$

-
Allowance For Credit Losses On Unfunded Commitments

Allowance for Credit Losses on Unfunded Commitments

Balance, March 31, 2025

$ 651

Provision for credit losses

27

Balance June 30, 2025

$ 678

Balance, December 31, 2024

$ 543

Provision for credit losses

135

Balance June 30, 2025

$ 678

Allowance for Credit Losses on Unfunded Commitments

Balance, March 31, 2024

$ 613

Recovery of credit losses

(24)

Balance June 30, 2024

$ 589

Balance, December 31, 2023

$ 665

Recovery of credit losses

(76)

Balance June 30, 2024

$ 589