ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Allowance for Credit Losses by Loan Segment, for Unfunded Commitments and Recorded Investment in Loans by Loan Segment

The following schedules present the activity in the ACL by loan segment for the year ended December 31, 2025 and December 31, 2024:


	Real Estate - Residential		Real Estate - Commercial		Real Estate - Construction and Land		Commercial and Industrial		Commercial and Industrial - PPP		Consumer and Other		Total
Year Ended
December 31, 2025
Beginning Balance	$	1,181	$	2,096	$	507	$	9,607	$	—	$	2,121	$	15,512

Charge-offs	(983)		(450)		—		(15,424)		(1)		(2,358)		(19,216)
Recoveries	27		5		—		497		1		734		1,264
Provision	2,044		171		123		20,755		—		1,343		24,436
Ending Balance	$	2,269	$	1,822	$	630	$	15,435	$	—	$	1,840	$	21,996
December 31, 2024
Beginning Balance	$	1,987	$	1,818	$	519	$	6,579	$	—	$	2,594	$	13,497

Charge-offs	(20)		(60)		—		(10,956)		—		(2,938)		(13,974)
Recoveries	1		7		—		606		—		321		935
Provision	(787)		331		(12)		13,378		—		2,144		15,054
Ending Balance	$	1,181	$	2,096	$	507	$	9,607	$	—	$	2,121	$	15,512

Schedule of Allowance for Credit Loss on Unfunded Commitments

The following table presents the activity in the ACL for unfunded commitments for the year ended December 31, 2025 and December 31, 2024:


	For the Year Ended
		December 31, 2025		December 31, 2024
Balance at beginning of period		$	516	$	839

Provision for credit losses on unfunded commitments		155		(323)
Unfunded commitments charge-offs		—		—
Unfunded commitments recoveries		—		—
Balance at end of period		$	671	$	516

Schedule of Recorded Investment in Nonaccrual and Loans Past Due over 89 Days Still on Accrual by Loan Segment

The following tables present the principal balance of nonaccrual loans and loans past due over 89 days on accrual by loan segment at December 31, 2025 and December 31, 2024. In the following tables, the principal balance does not include the government guaranteed balance or loans measured at fair value.


December 31, 2025	Nonaccrual with no ACL(1)		Nonaccrual with ACL(1)		Loans Past Due Over 89 Days and Accruing(1)
Real estate - residential	$	—	$	6,164	$	—
Real estate - commercial	2,628		3,888		—
Real estate - construction and land	—		815
Commercial and industrial	—		2,467		—
Consumer and other	—		268		41
Total	$	2,628	$	13,602	$	41


December 31, 2024	Nonaccrual with no ACL(1)		Nonaccrual with ACL(1)		Loans Past Due Over 89 Days and Accruing(1)
Real estate - residential	$	—	$	5,818	$	—
Real estate - commercial	2,709		2,052		—
Commercial and industrial	—		2,696		—
Consumer and other	—		—		295
Total	$	2,709	$	10,566	$	295

(1) Excludes loans measured at fair value. See Note 6. Fair Value for additional information.

Schedule of Credit Exposure for the Loan Portfolio Disaggregated by Loan Segment

The following tables present the principal balance, including government guaranteed balances, of individually analyzed collateral dependent loans by loan portfolio segment as of December 31, 2025 and December 31, 2024:


December 31, 2025	Type of Collateral		ACL
	Real Estate

Real estate - commercial	$	2,628	$	—


December 31, 2024	Type of Collateral			ACL
		Real Estate



Real estate - commercial		$	2,709	$	—

The table below sets forth principal balance for the commercial loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2025 and gross write offs for the year ended December 31, 2025:


													Revolving		Revolving
													Loans		Loans
	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
	2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total
Real estate - commercial
Risk Rating
Pass	$	21,998	$	39,871	$	39,799	$	33,762	$	24,573	$	35,268	$	2,480	$	—	$	197,751
Special mention	—		79		394		1,436		111		297		15		—		2,332
Substandard	—		5,111		3,183		4,426		759		2,209		—		—		15,688
Doubtful	—		—		—		—		—		—		—		—		—
Total real estate - commercial loans, at amortized cost, gross	21,998		45,061		43,376		39,624		25,443		37,774		2,495		—		215,771
Gross write offs	—		—		130		235		—		85		—		—		450


							Revolving	Revolving
							Loans	Loans
	Term Loans Amortized Cost Basis by Origination Year						Amortized	Converted
	2025	2024	2023	2022	2021	Prior	Cost Basis	to Term	Total
Real estate - construction and land
Risk Rating
Pass	7,977	5,266	8,849	10,487	1,049	—	—	—	33,628
Special mention	—	1,069	—	—	—	—	—	—	1,069
Substandard	—	—	13,700	—	—	—	—	—	13,700
Doubtful	—	—	—	—	—	—	—	—	—
Total real estate - construction and land loans, at amortized cost, gross	7,977	6,335	22,549	10,487	1,049	—	—	—	48,397
Gross write offs	—	—	—	—	—	—	—	—	—

Commercial and industrial
Risk Rating
Pass	44,674	40,705	24,250	22,538	3,418	19,740	11,362	—	166,687
Special mention	386	702	1,330	950	98	1,150	79	—	4,695
Substandard	41	1,155	3,369	2,114	353	2,939	40	—	10,011
Doubtful	13	—	22	45	8	85	—	—	173
Total commercial and industrial loans, at amortized cost, gross	45,114	42,562	28,971	25,647	3,877	23,914	11,481	—	181,566
Gross write offs	350	3,441	5,185	2,722	404	3,289	33	—	15,424

Commercial and industrial - PPP
Risk Rating
Pass	—	—	—	—	—	6	—	—	6
Special mention	—	—	—	—	—	—	—	—	—
Substandard	—	—	—	—	—	—	—	—	—
Doubtful	—	—	—	—	—	—	—	—	—
Total commercial and industrial - PPP loans, at amortized cost, gross	—	—	—	—	—	6	—	—	6
Gross write offs	—	—	—	—	—	1	—	—	1

The table below sets forth principal balance for the commercial loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2024 and gross write offs for the year ended December 31, 2024:


											Revolving		Revolving
											Loans		Loans
	Term Loans Amortized Cost Basis by Origination Year										Amortized		Converted
	2024		2023		2022		2021		Prior		Cost Basis		to Term		Total
Real estate - commercial
Risk Rating
Pass	$	58,597	$	67,244	$	67,994	$	46,851	$	52,733	$	2,430	$	—	$	295,849
Special mention	153		919		2,890		538		489		15		—		5,004
Substandard	—		2,971		857		99		941		—		—		4,868
Doubtful	—		—		—		—		—		—		—		—
Total real estate - commercial loans, at amortized cost, gross	58,750		71,134		71,741		47,488		54,163		2,445		—		305,721
Gross write offs	—		—		60		—		—		—		—		60

Real estate - construction and land
Risk Rating
Pass	1,947		18,261		9,891		2,815		—		—		—		32,914
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total real estate - construction and land loans, at amortized cost, gross	1,947		18,261		9,891		2,815		—		—		—		32,914
Gross write offs	—		—		—		—		—		—		—		—

Commercial and industrial
Risk Rating
Pass	84,402		40,301		32,982		10,715		36,641		8,778		—		213,819
Special mention	189		1,991		3,003		682		3,696		—		—		9,561
Substandard	31		1,464		725		—		626		116		—		2,962
Doubtful	—		93		—		7		80		—		—		180
Total commercial and industrial loans, at amortized cost, gross	84,622		43,849		36,710		11,404		41,043		8,894		—		226,522
Gross write offs	—		3,286		3,210		361		4,099		—		—		10,956


						Revolving	Revolving
						Loans	Loans
	Term Loans Amortized Cost Basis by Origination Year					Amortized	Converted
	2024	2023	2022	2021	Prior	Cost Basis	to Term	Total

Commercial and industrial - PPP
Risk Rating
Pass	—	—	—	135	302	—	—	437
Special mention	—	—	—	—	504	—	—	504
Substandard	—	—	—	—	—	—	—	—
Doubtful	—	—	—	—	—	—	—	—
Total commercial and industrial - PPP loans, at amortized cost, gross	—	—	—	135	806	—	—	941
Gross write offs	—	—	—	—	—	—	—	—

The following table presents the principal balance at December 31, 2025 of residential and consumer loans based on payment activity as well as gross write offs for the year ended December 31, 2025.


													Revolving		Revolving
													Loans		Loans
	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
	2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total
Real estate - residential
Payment Performance
Performing	$	9,162	$	31,950	$	24,494	$	67,942	$	21,372	$	15,775	$	188,568	$	—	$	359,263
Nonperforming	—		150		550		716		867		2,512		1,369		—		6,164
Total real estate - residential loans, at amortized cost, gross	9,162		32,100		25,044		68,658		22,239		18,287		189,937		—		365,427
Gross write offs	—		—		—		141		—		—		842		—		983


							Revolving	Revolving
							Loans	Loans
	Term Loans Amortized Cost Basis by Origination Year						Amortized	Converted
	2025	2024	2023	2022	2021	Prior	Cost Basis	to Term	Total
Consumer and other
Payment Performance
Performing	12,047	50,220	17,921	4,220	171	49	1,504	—	86,132
Nonperforming	—	240	20	49	—	—	—	—	309
Total consumer and other loans, at amortized cost, gross	12,047	50,460	17,941	4,269	171	49	1,504	—	86,441
Gross write offs	233	680	251	1,088	23	9	74	—	2,358

The following table presents the principal balance at December 31, 2024 of residential and consumer loans based on payment activity as well as gross write offs for the year ended December 31, 2024.


											Revolving		Revolving
											Loans		Loans
	Term Loans Amortized Cost Basis by Origination Year										Amortized		Converted
	2024		2023		2022		2021		Prior		Cost Basis		to Term		Total
Real estate - residential
Payment Performance
Performing	$	29,086	$	26,473	$	65,598	$	32,235	$	26,395	$	145,265	$	—	$	325,052
Nonperforming	—		—		3,565		293		—		1,960		—		5,818
Total real estate - residential loans, at amortized cost, gross	29,086		26,473		69,163		32,528		26,395		147,225		—		330,870
Gross write offs	—		—		—		—		20		—		—		20

Consumer and other
Payment Performance
Performing	59,591		21,860		9,840		603		53		1,584		—		93,531
Nonperforming	84		—		186		—		—		25		—		295
Total consumer and other loans, at amortized cost, gross	59,675		21,860		10,026		603		53		1,609		—		93,826
Gross write offs	—		236		2,351		35		316		—		—		2,938

Schedule of Aging of Recorded Investment in Past Due Gross Loans at Amortized Cost

The following table presents the aging of the principal balance of past due loans HFI at amortized cost at December 31, 2025 by loan segment:


	30-89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due (1)		Total Loans
Real estate - residential	$	4,698	$	5,635	$	10,333	$	355,094	$	365,427
Real estate - commercial	4,100		4,262		8,362		207,409		215,771
Real estate - construction and land	—		814		814		47,583		48,397
Commercial and industrial	4,473		919		5,392		176,174		181,566
Commercial and industrial - PPP	—		—		—		6		6
Consumer and other	1,622		69		1,691		84,750		86,441
Total	$	14,893	$	11,699	$	26,592	$	871,016	$	897,608
(1) $1,537 of balances 30-89 days past due and $7,592 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guarantee.

The following table presents the aging of the principal balance of past due loans HFI at amortized cost at December 31, 2024 by loan segment:


	30-89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due (1)		Total Loans
Real estate - residential	$	1,049	$	5,818	$	6,867	$	324,003	$	330,870
Real estate - commercial	1,857		4,492		6,349		299,372		305,721
Real estate - construction and land	—		—		—		32,914		32,914
Commercial and industrial	3,572		1,561		5,133		221,389		226,522
Commercial and industrial - PPP	—		—		—		941		941
Consumer and other	417		295		712		93,114		93,826
Total	$	6,895	$	12,166	$	19,061	$	971,733	$	990,794
(1) $10,429 of balances 30-89 days past due and $3,407 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guarantee. Of those loans, $135 of commercial and industrial PPP loans were delinquent as of December 31, 2024.