
(In thousands)	September 30, 2025		December 31, 2024
Commercial and industrial	$	569,739	$	559,262
Real estate:
Commercial:
Mortgage	101,242		119,194
Construction	10,302		9,134
Faith-based:
Mortgage	378,820		368,881
Construction	28,244		25,518

Total loans	$	1,088,347	$	1,081,989


	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
September 30, 2025
Commercial and industrial	$	565,969	$	—	$	—	$	—	$	3,770	$	569,739
Real estate
Commercial:
Mortgage	97,938		—		—		—		3,304		101,242
Construction	10,302		—		—		—		—		10,302
Faith-based:
Mortgage	378,820		—		—		—		—		378,820
Construction	28,244		—		—		—		—		28,244


Total	$	1,081,273	$	—	$	—	$	—	$	7,074	$	1,088,347
December 31, 2024
Commercial and industrial	$	559,262	$	—	$	—	$	—	$	—	$	559,262
Real estate
Commercial:
Mortgage	119,194		—		—		—		—		119,194
Construction	9,134		—		—		—		—		9,134
Faith-based:
Mortgage	368,881		—		—		—		—		368,881
Construction	25,518		—		—		—		—		25,518


Total	$	1,081,989	$	—	$	—	$	—	$	—	$	1,081,989


(In thousands)	Loans Subject to Normal Monitoring1		Performing Loans Subject to Special Monitoring2		Nonperforming Loans Subject to Special Monitoring2		Total Loans
September 30, 2025
Commercial and industrial	$	533,678	$	32,291	$	3,770	$	569,739
Real estate
Commercial:
Mortgage	93,982		3,956		3,304		101,242
Construction	10,302		—		—		10,302
Faith-based:
Mortgage	368,216		10,604		—		378,820
Construction	28,244		—		—		28,244


Total	$	1,034,422	$	46,851	$	7,074	$	1,088,347
December 31, 2024
Commercial and industrial	$	527,690	$	31,572	$	—	$	559,262
Real estate
Commercial:
Mortgage	116,063		3,131		—		119,194
Construction	9,134		—		—		9,134
Faith-based:
Mortgage	352,356		16,525		—		368,881
Construction	25,518		—		—		25,518


Total	$	1,030,761	$	51,228	$	—	$	1,081,989


1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Loan modifications to borrowers experiencing financial difficulty may be in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, a term extension, or a combination thereof, among other things.

The following table shows the amortized cost of loans that were both experiencing financial difficulty and modified during the nine months ended September 30, 2025, segregated by category and type of modification.


(In thousands)	Payment Delay		Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Percentage of Total Loans Held for Investment
September 30, 2025
Commercial and industrial	$	—	$	27,930	$	—	$	—	4.90	%








Total	$	—	$	27,930	$	—	$	—	2.57	%

There were two loans modified during the nine months ended September 30, 2025. There were no loans modified during the nine months ended September 30, 2024. Both loans modified during the nine months ended September 30, 2025 were due to term extensions coupled with an interest rate increase.


(In thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due

Commercial and industrial	$	27,930	$	—	$	—	$	—	—		%








Total	$	27,930	$	—	$	—	$	—	$	—

At September 30, 2025, the Company had no commitments to lend additional funds to borrowers experiencing financial difficulty for which the Company modified the terms of the loans in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension during the current period.

There were no modified loans that had a payment default during the nine months ended September 30, 2025 that had been modified due to the borrower experiencing financial difficulty within the 12 previous months preceding the default.

Upon the Company's determination that a modified loan has subsequently been deemed uncollectible, the loan is written off. There were no loans written off during the nine months ended September 30, 2025.

At September 30, 2025, the Company had three non-accrual loans totaling $7.1 million that had an allowance for credit losses specifically allocated to them of $141,000 based on an evaluation of expected credit losses. There were no non-accrual loans at December 31, 2024. The Company did not record any interest income on non-accrual loans during the three and nine months ended September 30, 2025 or September 30, 2024.

A summary of the activity in the allowance for credit losses (“ACL”) by category for the nine months ended September 30, 2025 and year-ended December 31, 2024 is as follows:


(In thousands)	C&I		CRE		Faith-based CRE		Construction		Total
Balance at January 1, 2024	$	5,412	$	1,093	$	6,476	$	108	$	13,089
Provision for (release of) credit losses	485		(70)		(218)		109		306

Balance at December 31, 2024	$	5,897	$	1,023	$	6,258	$	217	$	13,395

Provision for (release of) credit losses (1)	279		(14)		359		47		671

Balance at September 30, 2025	$	6,176	$	1,009	$	6,617	$	264	$	14,066


(1)			For the nine months ended September 30, 2025, there was a provision for credit losses of $66,000 for unfunded commitments.