v3.26.1
Loans And Allowance For Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Loans And Allowance For Credit Losses [Abstract]  
Summary Of Loans, Net

As of

As of

December 31, 2025

December 31, 2024

Commercial

$                     66,394

$                     66,418

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

150,085

140,443

Commercial Mortgages-Non-Owner Occupied

215,301

195,089

Commercial Construction/Land

16,339

23,883

Consumer

Consumer Open-End

63,070

50,041

Consumer Closed-End

25,092

28,269

Residential:

Residential Mortgages

105,927

113,303

Residential Consumer Construction/Land

25,599

26,150

Total loans (1)

$                   667,807

$                   643,596

Less allowance for credit losses

6,450

7,044

Net loans

$                   661,357

$                   636,552

(1)Includes net deferred costs of $629 and $589 as of December 31, 2025 and 2024 respectively.
Amortized Cost Basis Of Collateral Dependent Loans

Collateral Dependent Loans

December 31, 2025

(dollars in thousands)

Business/Other Assets

Real Estate

Commercial

$ 2,661

$ -

Commercial Real Estate

-

5,434

Consumer

-

566

Residential

-

1,577

Total

$ 2,661

$ 7,577

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 year-to-date periods ended and the distribution of the allowance by segment as of December 31, 2025 and 2024:

Allowance for Credit Losses

(dollars in thousands)

As of and For the Year Ended December 31, 2025

Commercial

2025

Commercial

Real Estate

Consumer

Residential

Total

Allowance for Credit Losses:

Beginning Balance

$

686

$

3,719

$

842

$

1,797

$

7,044

Charge-Offs

-

(14)

(402)

(31)

(447)

Recoveries

7

-

12

-

19

Provision (recovery of provision)

4

(443)

387

(114)

(166)

Ending Balance

$

697

$

3,262

$

839

$

1,652

$

6,450

Note 5 - Loans and allowance for credit losses (continued)

Allowance for Credit Losses

(dollars in thousands)

As of and For the Year Ended December 31, 2024

Commercial

2024

Commercial

Real Estate

Consumer

Residential

Total

Allowance for Credit Losses:

Beginning Balance

$

514

$

3,985

$

1,093

$

1,820

$

7,412

Charge-Offs

(8)

-

(76)

-

(84)

Recoveries

200

7

41

1

249

Provision (recovery of provision)

(20)

(273)

(216)

(24)

(533)

Ending Balance

$

686

$

3,719

$

842

$

1,797

$

7,044
Amortized Cost Basis By Origination Year The following table presents the amortized cost of the classes of loans by credit quality indicator and year of origination as of December 31, 2025. The subsequent table presents the same information as of December 31, 2024 for comparative purposes.

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

$        9,761 

$        6,431 

$        2,628 

$        2,565 

$        3,920 

$      14,677 

$      23,694 

$             16 

$      63,692 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

878

8

33

459

1,179

145

2,702

Total

$        9,761 

$        6,431 

$        3,506 

$        2,573 

$        3,953 

$      15,136 

$      24,873 

$           161 

$      66,394 

Commercial Real Estate:

Commercial Mort. - Owner Occupied

Risk Rating

Pass

$      21,687 

$      19,783 

$        7,408 

$      17,560 

$      43,009 

$      34,709 

$        1,734 

$                - 

$    145,890 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

91

-

2,708

1,396

-

-

4,195

Total

$      21,687 

$      19,783 

$        7,499 

$      17,560 

$      45,717 

$      36,105 

$        1,734 

$                - 

$    150,085 

Commercial Mort. - Non-Owner Occupied

Risk Rating

Pass

$      31,054 

$      41,199 

$      12,425 

$      45,772 

$      24,705 

$      52,485 

$        6,738 

$                - 

$    214,378 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

923

-

-

-

-

923

Total

$      31,054 

$      41,199 

$      12,425 

$      46,695 

$      24,705 

$      52,485 

$        6,738 

$                - 

$    215,301 

Commercial Construction/Land

Risk Rating

Pass

$        4,056 

$        6,236 

$           543 

$           369 

$        2,595 

$        1,734 

$           490 

$                - 

$      16,023 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

316

-

-

-

316

Total

$        4,056 

$        6,236 

$           543 

$           369 

$        2,911 

$        1,734 

$           490 

$                - 

$      16,339 

Consumer:

Consumer - Open-End

Risk Rating

Pass

$                - 

$                - 

$                - 

$                - 

$                - 

$                - 

$      61,048 

$        1,415 

$      62,463 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

607

607

Total

$                - 

$                - 

$                - 

$                - 

$                - 

$                - 

$      61,048 

$        2,022 

$      63,070 

Consumer - Closed-End

Risk Rating

Pass

$        2,205 

$        5,579 

$        3,204 

$        8,256 

$           246 

$        5,359 

$                - 

$                - 

$      24,849 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

29

-

104

-

110

-

-

243

Total

$        2,205 

$        5,608 

$        3,204 

$        8,360 

$           246 

$        5,469 

$                - 

$                - 

$      25,092 

Residential:

Residential Mortgages

Risk Rating

Pass

$      11,007 

$      16,741 

$      17,196 

$      20,278 

$        7,312 

$      31,432 

$                - 

$                - 

$    103,966 

Special Mention

-

-

-

-

-

66

-

-

66

Substandard

-

-

29

493

-

1,373

-

-

1,895

Total

$      11,007 

$      16,741 

$      17,225 

$      20,771 

$        7,312 

$      32,871 

$                - 

$                - 

$    105,927 

Residential Consumer Construction/Land

Risk Rating

Pass

$      17,834 

$        2,550 

$           350 

$        1,285 

$           812 

$        2,398 

$           300 

$                - 

$      25,529 

Special Mention

-

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

70

-

-

70

Total

$      17,834 

$        2,550 

$           350 

$        1,285 

$           812 

$        2,468 

$           300 

$                - 

$      25,599 

Totals:

Risk Rating

Pass

$      97,604 

$      98,519 

$      43,753 

$      96,085 

$      82,599 

$    142,795 

$      94,005 

$        1,430 

$    656,790 

Special Mention

-

-

-

-

-

66

-

-

66

Substandard

-

29

997

1,528

3,058

3,407

1,180

752

10,951

Total

$      97,604 

$      98,548 

$      44,750 

$      97,613 

$      85,657 

$    146,268 

$      95,185 

$        2,182 

$    667,807 


‎

Note 5 - Loans and allowance for credit losses (continued)

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

Gross Charge-Offs by Origination Year (in thousands)

For the year ended December 31, 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

-

-

-

-

-

6

-

-

6

Commercial Mortgages-Non-Owner Occupied

-

-

-

-

-

8

-

-

8

Commercial Construction/Land

-

-

-

-

-

-

-

-

-

Consumer:

-

Consumer Open-End

-

-

-

49

-

20

-

-

69

Consumer Closed-End

-

-

44

221

68

-

-

-

333

Residential:

Residential Mortgages

-

-

-

-

-

31

-

-

31

Residential Consumer Construction/Land

-

-

-

-

-

-

-

-

-

Total

$ -

$ -

$  44

$  270

$  68

$  65

$ -

$ -

$  447

For the year ended 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

Loans on Nonaccrual Status

(dollars in thousands)

December 31, 2025

Nonaccrual Loans

With No Allowance

With an Allowance

Total

Commercial

$ 387

$ 72

$ 459 

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

30

-

30

Commercial Mortgages-Non-Owner Occupied

-

-

-

Commercial Construction/Land

316

-

316

Consumer

Consumer Open-End

255

-

255

Consumer Closed-End

80

-

80

Residential:

Residential Mortgages

494

-

494

Residential Consumer Construction/Land

70

-

70

Total

$ 1,632 

$  72 

$  1,704 

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 December 31, 2025 (in thousands)

Recorded

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

$

118

13

446

577

$

65,817

$

66,394

$

-

Commercial Real Estate:

Commercial Mortgages-Owner Occupied

47

-

30

77

150,008

150,085

-

Commercial Mortgages-Non-Owner Occupied

-

-

-

-

215,301

215,301

-

Commercial Construction/Land

-

-

-

-

16,339

16,339

-

Consumer:

Consumer Open-End

217

132

75

424

62,646

63,070

-

Consumer Closed-End

42

93

80

215

24,877

25,092

-

Residential:

Residential Mortgages

1,698

183

29

1,910

104,017

105,927

-

Residential Consumer Construction/Land

-

-

70

70

25,529

25,599

-

Total

$

2,122

$

421

$

730

$

3,273

$

664,534

$

667,807

$

-

Age Analysis of Past Due Loans as of December 31, 2024 (in thousands)

Recorded

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

(in thousands)

Balance, December 31, 2023

$                       665 

Recovery of credit losses

                     (122)

Balance December 31, 2024

$                       543 

Balance, December 31, 2024

$                       543 

Provision for credit losses

                       131 

Balance December 31, 2025

$                       674