Loans and Related Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2025

Loans and Related Allowance for Credit Losses

Loan Portfolio Segments



(in thousands)		Commercial Real Estate			Acquisition and Development			Commercial and Industrial			Residential Mortgage			Consumer			Total
December 31, 2025
Individually evaluated for impairment		$	617		$	—		$	17,142		$	1,927		$	—		$	19,686
Collectively evaluated for impairment			570,191			90,272			259,892			534,985			46,678			1,502,018
Total loans		$	570,808		$	90,272		$	277,034		$	536,912		$	46,678		$	1,521,704
December 31, 2024
Individually evaluated for impairment		$	574		$	—		$	2,048		$	1,810		$	—		$	4,432
Collectively evaluated for impairment			525,790			95,314			285,486			517,005			52,766			1,476,361
Total loans		$	526,364		$	95,314		$	287,534		$	518,815		$	52,766		$	1,480,793

Changes in Dollar Amount of Loans Outstanding to Officers, Directors and their Associates



(in thousands)		2025
Balance at January 1		$	4,708
Loans or advances			1,138
Repayments			(1,849)
Balance at December 31		$	3,997

Loan Portfolio Summarized by the Past Due Status


(in thousands)		Current			30-59 Day Past Due			60-89 Days Past Due			90 Days+ Past Due			Total Past Due and still accruing			Non- Accrual			Total Loans
December 31, 2025
Commercial real estate
Non owner-occupied		$	334,581		$	—		$	—		$	—		$	—		$	102		$	334,683
All other CRE			234,459			769			304			—			1,073			593			236,125
Acquisition and development
1-4 family residential construction			15,369			—			—			—			—			—			15,369
All other A&D			74,903			—			—			—			—			—			74,903
Commercial and industrial			275,826			112			28			—			140			1,068			277,034
Residential mortgage
Residential mortgage - term			464,294			150			2,146			244			2,540			2,223			469,057
Residential mortgage – home equity			67,154			256			86			188			530			171			67,855
Consumer			46,100			252			246			45			543			35			46,678
Total		$	1,512,686		$	1,539		$	2,810		$	477		$	4,826		$	4,192		$	1,521,704
December 31, 2024
Commercial real estate
Non owner-occupied		$	296,259		$	—		$	—		$	—		$	—		$	—		$	296,259
All other CRE			228,875			257			—			317			574			656			230,105
Acquisition and development
1-4 family residential construction			16,630			—			—			—			—			—			16,630
All other A&D			78,588			—			14			—			14			82			78,684
Commercial and industrial			285,675			—			21			—			21			1,838			287,534
Residential mortgage
Residential mortgage - term			447,161			66			2,411			504			2,981			2,100			452,242
Residential mortgage – home equity			65,824			371			228			69			668			81			66,573
Consumer			52,117			364			83			28			475			174			52,766
Total		$	1,471,129		$	1,058		$	2,757		$	918		$	4,733		$	4,931		$	1,480,793

Schedule of Amortized Cost Basis of Loans on a Nonaccrual Status and Loans Past Due 90 Days or More


(in thousands)		Nonaccrual Loans With No Allowance for Credit Loss			Total Non-Accrual Loans			Loans Past due 90+ Days Still Accruing
December 31, 2025
Commercial real estate
Non owner-occupied		$	102		$	102		$	—
All other CRE			593			593			—
Commercial and industrial			1,068			1,068			—
Residential mortgage
Residential mortgage - term			2,223			2,223			244
Residential mortgage – home equity			171			171			188
Consumer			35			35			45
Total		$	4,192		$	4,192		$	477


(in thousands)		Nonaccrual Loans With No Allowance for Credit Loss			Total Non-Accrual Loans			Loans Past due 90+ Days Still Accruing
December 31, 2024
Commercial real estate
All other CRE		$	656		$	656		$	317
Acquisition and development
All other A&D			82			82			—
Commercial and industrial			1,838			1,838			—
Residential mortgage
Residential mortgage - term			2,100			2,100			504
Residential mortgage – home equity			81			81			69
Consumer			174			174			28
Total		$	4,931		$	4,931		$	918

Schedule of amortized cost basis of collateral-dependent individually evaluated loans


		December 31, 2025
(in thousands)		Real Estate				Other Collateral		Non-Accrual Loans with No Allowance
Commercial real estate		$	617		$	—		$	617
Commercial and industrial			—			978			978
Residential mortgage			1,927			—			1,927
Total Loans		$	2,544		$	978		$	3,522


		December 31, 2024
(in thousands)		Real Estate				Other Collateral		Non-Accrual Loans with No Allowance
Commercial real estate		$	574		$	—		$	574
Commercial and industrial			—			2,048			2,048
Residential mortgage			1,810			—			1,810
Total Loans		$	2,384		$	2,048		$	4,432

Allowance for Loan Losses Summarized by Loan Portfolio Segments


(in thousands)		Commercial Real Estate			Acquisition and Development			Commercial and Industrial			Residential Mortgage			Consumer			Total
Beginning balance at January 1, 2025		$	5,272		$	909		$	4,205		$	7,010		$	774		$	18,170
Loan charge-offs			—			(9)			(1,011)			(15)			(715)			(1,750)
Recoveries collected			—			316			73			41			275			705
Credit loss (credit)/expense			(628)			62			1,206			1,236			469			2,345
ACL balance at December 31, 2025		$	4,644		$	1,278		$	4,473		$	8,272		$	803		$	19,470
Beginning balance at January 1, 2024		$	5,120		$	940		$	3,717		$	6,774		$	929		$	17,480
Loan charge-offs			—			—			(1,610)			(45)			(1,369)			(3,024)
Recoveries collected			—			52			212			75			364			785
Credit loss expense/(credit)			70			(83)			1,886			206			850			2,929
ACL balance at December 31, 2024		$	5,272		$	909		$	4,205		$	7,010		$	774		$	18,170

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating


																							Total
																	2020 and						Portfolio
(in thousands)		2025			2024			2023			2022			2021			Prior			Revolving			Loans
December 31, 2025
Commercial real estate:
Non-owner-occupied
Pass		$	33,245		$	22,810		$	40,375		$	78,385		$	25,911		$	123,082		$	8,917		$	332,725
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			102			—			—			1,856			—			1,958
Total non-owner occupied			33,245			22,810			40,477			78,385			25,911			124,938			8,917			334,683
Current period gross charge-offs			—			—			—			—			—			—			—			—
All other CRE
Pass			24,612			50,485			31,650			22,273			20,617			75,235			3,240			228,112
Special Mention			—			—			—			—			864			—			—			864
Substandard			—			915			—			—			1,712			3,922			600			7,149
Total all other CRE			24,612			51,400			31,650			22,273			23,193			79,157			3,840			236,125
Current period gross charge-offs			—			—			—			—			—			—			—			—
Acquisition and development:
1-4 family residential construction
Pass			11,783			91			980			—			—			—			2,515			15,369
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Total acquisition and development			11,783			91			980			—			—			—			2,515			15,369
Current period gross charge-offs			—			—			—			—			—			—			—			—
All other A&D
Pass			13,267			24,703			8,852			3,988			1,582			8,840			13,374			74,606
Special Mention			—			—			—			—			—			—			—			—
Substandard			297			—			—			—			—			—			—			297
Total all other A&D			13,564			24,703			8,852			3,988			1,582			8,840			13,374			74,903
Current period gross charge-offs			—			—			—			—			—			9			—			9
Commercial and industrial:
Pass			37,145			17,406			17,629			45,513			11,060			13,892			71,139			213,784
Special Mention			—			4,250			19,112			3,638			32			—			4,963			31,995
Substandard			22			100			235			1,008			106			8,015			21,769			31,255
Total commercial and industrial			37,167			21,756			36,976			50,159			11,198			21,907			97,871			277,034
Current period gross charge-offs			—			—			—			—			570			441			—			1,011
Residential mortgage:
Residential mortgage - term
Pass			44,643			47,862			63,667			86,508			69,335			148,527			1,057			461,599
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			857			1,173			5,405			23			7,458
Total residential mortgage - term			44,643			47,862			63,667			87,365			70,508			153,932			1,080			469,057
Current period gross charge-offs			—			—			—			—			—			—			—			—
Residential mortgage - home equity
Pass			558			59			567			3,180			557			866			61,070			66,857
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			9			989			998
Total residential mortgage - home equity			558			59			567			3,180			557			875			62,059			67,855
Current period gross charge-offs			—			—			15			—			—			—			—			15
Consumer:
Pass			9,849			6,814			6,369			3,372			1,593			15,573			2,789			46,359
Special Mention			—			—			—			—			—			—			—			—
Substandard			60			94			82			49			7			15			12			319
Total consumer			9,909			6,908			6,451			3,421			1,600			15,588			2,801			46,678
Current period gross charge-offs			275			92			172			18			104			54			—			715
Total Portfolio Loans
Pass			175,102			170,230			170,089			243,219			130,655			386,015			164,101			1,439,411
Special Mention			—			4,250			19,112			3,638			896			—			4,963			32,859
Substandard			379			1,109			419			1,914			2,998			19,222			23,393			49,434
Total Portfolio Loans		$	175,481		$	175,589		$	189,620		$	248,771		$	134,549		$	405,237		$	192,457		$	1,521,704
Current YTD Period:
Current period gross charge-offs		$	275		$	92		$	187		$	18		$	674		$	504		$	—		$	1,750


																							Total
																	2019 and						Portfolio
(in thousands)		2024			2023			2022			2021			2020			Prior			Revolving			Loans
December 31, 2024
Commercial real estate:
Non-owner-occupied
Pass		$	22,807		$	23,454		$	73,649		$	28,941		$	52,080		$	89,977		$	1,960		$	292,868
Special Mention			—			—			—			—			706			—			—			706
Substandard			—			—			—			—			—			2,685			—			2,685
Total non-owner occupied			22,807			23,454			73,649			28,941			52,786			92,662			1,960			296,259
Current period gross charge-offs			—			—			—			—			—			—			—			—
All other CRE
Pass			42,855			32,599			29,951			24,073			16,842			72,630			4,535			223,485
Special Mention			—			—			—			—			199			—			—			199
Substandard			994			—			—			1,744			—			3,453			230			6,421
Total all other CRE			43,849			32,599			29,951			25,817			17,041			76,083			4,765			230,105
Current period gross charge-offs			—			—			—			—			—			—			—			—
Acquisition and development:
1-4 family residential construction
Pass			11,686			3,317			—			—			—			—			1,627			16,630
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Total acquisition and development			11,686			3,317			—			—			—			—			1,627			16,630
Current period gross charge-offs			—			—			—			—			—			—			—			—
All other A&D
Pass			23,304			24,114			10,672			1,848			1,773			9,230			7,661			78,602
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			82			—			82
Total all other A&D			23,304			24,114			10,672			1,848			1,773			9,312			7,661			78,684
Current period gross charge-offs			—			—			—			—			—			—			—			—
Commercial and industrial:
Pass			35,898			29,786			65,663			17,558			6,777			13,758			75,440			244,880
Special Mention			4,250			13,000			3,500			—			1,842			—			9,084			31,676
Substandard			122			—			1,209			680			6,562			692			1,713			10,978
Total commercial and industrial			40,270			42,786			70,372			18,238			15,181			14,450			86,237			287,534
Current period gross charge-offs			465			—			125			892			41			87			—			1,610
Residential mortgage:
Residential mortgage - term
Pass			32,582			70,643			91,775			78,892			35,790			133,725			1,235			444,642
Special Mention			—			—			684			840			—			—			—			1,524
Substandard			—			—			60			1,054			—			4,923			39			6,076
Total residential mortgage - term			32,582			70,643			92,519			80,786			35,790			138,648			1,274			452,242
Current period gross charge-offs			—			—			—			—			—			30			—			30
Residential mortgage - home equity
Pass			171			803			3,948			696			361			622			59,307			65,908
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			33			12			620			665
Total residential mortgage - home equity			171			803			3,948			696			394			634			59,927			66,573
Current period gross charge-offs			—			—			15			—			—			—			—			15
Consumer:
Pass			11,132			10,945			6,312			3,525			1,091			16,593			2,833			52,431
Special Mention			—			—			—			—			—			—			—			—
Substandard			3			177			100			24			25			4			2			335
Total consumer			11,135			11,122			6,412			3,549			1,116			16,597			2,835			52,766
Current period gross charge-offs			204			314			109			64			23			655			—			1,369
Total Portfolio Loans
Pass			180,435			195,661			281,970			155,533			114,714			336,535			154,598			1,419,446
Special Mention			4,250			13,000			4,184			840			2,747			—			9,084			34,105
Substandard			1,119			177			1,369			3,502			6,620			11,851			2,604			27,242
Total Portfolio Loans		$	185,804		$	208,838		$	287,523		$	159,875		$	124,081		$	348,386		$	166,286		$	1,480,793
Current YTD Period:
Current period gross charge-offs		$	669		$	314		$	249		$	956		$	64		$	772		$	—		$	3,024

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past.

The following tables present loan balances by year of origination segregated by performing and non-performing loans for the periods presented:


																	2020 and						Portfolio
(in thousands)		2025			2024			2023			2022			2021			Prior			Revolving			Loans
December 31, 2025
Commercial real estate:
Non-owner-occupied
Performing		$	33,245		$	22,810		$	40,375		$	78,385		$	25,911		$	124,938		$	8,917		$	334,581
Nonperforming			—			—			102			—			—			—			—			102
Total non-owner occupied			33,245			22,810			40,477			78,385			25,911			124,938			8,917			334,683
All other CRE
Performing			24,612			51,400			31,650			22,273			23,193			78,564			3,840			235,532
Nonperforming			—			—			—			—			—			593			—			593
Total all other CRE			24,612			51,400			31,650			22,273			23,193			79,157			3,840			236,125
Acquisition and development:
1-4 family residential construction
Performing			11,783			91			980			—			—			—			2,515			15,369
Nonperforming			—			—			—			—			—			—			—			—
Total acquisition and development			11,783			91			980			—			—			—			2,515			15,369
All other A&D
Performing			13,564			24,703			8,852			3,988			1,582			8,840			13,374			74,903
Nonperforming			—			—			—			—			—			—			—			—
Total all other A&D			13,564			24,703			8,852			3,988			1,582			8,840			13,374			74,903
Commercial and industrial:
Performing			37,167			21,756			36,976			49,181			11,108			21,907			97,871			275,966
Nonperforming			—			—			—			978			90			—			—			1,068
Total commercial and industrial			37,167			21,756			36,976			50,159			11,198			21,907			97,871			277,034
Residential mortgage:
Residential mortgage - term
Performing			44,643			47,862			63,667			87,365			70,127			151,846			1,080			466,590
Nonperforming			—			—			—			—			381			2,086			—			2,467
Total residential mortgage - term			44,643			47,862			63,667			87,365			70,508			153,932			1,080			469,057
Residential mortgage - home equity
Performing			558			59			567			3,180			557			875			61,700			67,496
Nonperforming			—			—			—			—			—			—			359			359
Total residential mortgage - home equity			558			59			567			3,180			557			875			62,059			67,855
Consumer:
Performing			9,909			6,891			6,416			3,409			1,600			15,572			2,801			46,598
Nonperforming			—			17			35			12			—			16			—			80
Total consumer			9,909			6,908			6,451			3,421			1,600			15,588			2,801			46,678
Total Portfolio Loans
Performing			175,481			175,572			189,483			247,781			134,078			402,542			192,098			1,517,035
Nonperforming			—			17			137			990			471			2,695			359			4,669
Total Portfolio Loans		$	175,481		$	175,589		$	189,620		$	248,771		$	134,549		$	405,237		$	192,457		$	1,521,704


																							Total
																	2019 and						Portfolio
(in thousands)		2024			2023			2022			2021			2020			Prior			Revolving			Loans
December 31, 2024
Commercial real estate:
Non-owner-occupied
Performing		$	22,807		$	23,454		$	73,649		$	28,941		$	52,786		$	92,662		$	1,960		$	296,259
Nonperforming			—			—			—			—			—			—			—			—
Total non-owner occupied			22,807			23,454			73,649			28,941			52,786			92,662			1,960			296,259
All other CRE
Performing			43,849			32,599			29,951			25,500			17,041			75,427			4,765			229,132
Nonperforming			—			—			—			317			—			656			—			973
Total all other CRE			43,849			32,599			29,951			25,817			17,041			76,083			4,765			230,105
Acquisition and development:
1-4 family residential construction
Performing			11,686			3,317			—			—			—			—			1,627			16,630
Nonperforming			—			—			—			—			—			—			—			—
Total acquisition and development			11,686			3,317			—			—			—			—			1,627			16,630
All other A&D
Performing			23,304			24,114			10,672			1,848			1,773			9,230			7,661			78,602
Nonperforming			—			—			—			—			—			82			—			82
Total all other A&D			23,304			24,114			10,672			1,848			1,773			9,312			7,661			78,684
Commercial and industrial:
Performing			40,270			42,786			69,180			17,592			15,181			14,450			86,237			285,696
Nonperforming			—			—			1,192			646			—			—			—			1,838
Total commercial and industrial			40,270			42,786			70,372			18,238			15,181			14,450			86,237			287,534
Residential mortgage:
Residential mortgage - term
Performing			32,582			70,643			92,519			80,661			35,790			136,184			1,259			449,638
Nonperforming			—			—			—			125			—			2,464			15			2,604
Total residential mortgage - term			32,582			70,643			92,519			80,786			35,790			138,648			1,274			452,242
Residential mortgage - home equity
Performing			171			803			3,948			696			361			634			59,810			66,423
Nonperforming			—			—			—			—			33			—			117			150
Total residential mortgage - home equity			171			803			3,948			696			394			634			59,927			66,573
Consumer:
Performing			11,135			11,008			6,378			3,549			1,116			16,543			2,835			52,564
Nonperforming			—			114			34			—			—			54			—			202
Total consumer			11,135			11,122			6,412			3,549			1,116			16,597			2,835			52,766
Total Portfolio Loans
Performing			185,804			208,724			286,297			158,787			124,048			345,130			166,154			1,474,944
Nonperforming			—			114			1,226			1,088			33			3,256			132			5,849
Total Portfolio Loans		$	185,804		$	208,838		$	287,523		$	159,875		$	124,081		$	348,386		$	166,286		$	1,480,793

Troubled Debt Restructuring



(in thousands)	Term Extension			Percentage of Total Loan Type	Weighted Average Term and Principal Payment Extension
Year Ended December 31, 2025
Commercial and industrial	$	246		0.09%	18 months
Total	$	246

Year Ended December 31, 2024
Owner-occupied commercial real estate	$	884		0.38%	12 months
Commercial and industrial		122		0.04%	60 months
Total	$	1,006