v3.25.3
Loans by Type (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Summary of Loan Categories
A summary of loans is as follows:
(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 
Schedule of Debt
The following table presents the aging of loans past due by category at September 30, 2025 and December 31, 2024:
PerformingNonperforming
(In thousands)Current30-59
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 
Schedule of Credit Exposure of the Loan Portfolio
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of September 30, 2025 and December 31, 2024:
(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 $— $1,081,989 
1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
Financing Receivable, Troubled Debt Restructuring
The following table shows the amortized cost of loans that were both experiencing financial difficulty and modified during the nine months ended September 30, 2025, segregated by category and type of modification.
(In thousands)Payment DelayTerm ExtensionInterest Rate ReductionCombination Term Extension and Interest Rate ReductionPercentage of Total Loans Held for Investment
September 30, 2025
Commercial and industrial$— $27,930 $— $— 4.90 %
Total$— $27,930 $— $— 2.57 %
The following table shows the payment status of loans that have been modified to borrowers experiencing financial difficulty in the last twelve months:
(In thousands)Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueTotal Past Due
Commercial and industrial$27,930 $— $— $— — %
Total$27,930 $— $— $— $— 
Summary of ACL by Category
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&ICREFaith-based
CRE		ConstructionTotal
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.