v3.26.1
Loans by Type
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans by Type Loans by Type
A summary of loans is as follows:
(In thousands)March 31,
2026		December 31,
2025
Commercial and industrial $577,873 $553,107 
Real estate:
Commercial:
Mortgage 96,606 97,567 
Construction 17,501 12,943 
Faith-based:
Mortgage 356,369 362,312 
Construction 40,381 35,288 
Total loans $1,088,730 $1,061,217 
The following table presents the aging of loans past due by category at March 31, 2026 and December 31, 2025:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90
Days
and
Over		Non-
accrual		Total
Loans
March 31, 2026
Commercial and industrial $577,873 $— $— $— $— $577,873 
Real estate
Commercial:
Mortgage 93,467 — — — 3,139 96,606 
Construction 17,501 — — — — 17,501 
Faith-based:
Mortgage 356,369 — — — — 356,369 
Construction 40,381 — — — — 40,381 
Total $1,085,591 $— $— $— $3,139 $1,088,730 
December 31, 2025
Commercial and industrial $549,337 $— $— $— $3,770 $553,107 
Real estate
Commercial:
Mortgage 94,345 — — — 3,222 97,567 
Construction 12,943 — — — — 12,943 
Faith-based:
Mortgage 362,312 — — — — 362,312 
Construction 35,288 — — — — 35,288 
Total $1,054,225 $— $— $— $6,992 $1,061,217 
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of March 31, 2026 and December 31, 2025:
(In thousands)
Loans
Subject to
Normal
Monitoring1
Performing
Loans Subject
to Special
Monitoring2
Nonperforming
Loans Subject
to Special
Monitoring2
Total Loans
March 31, 2026
Commercial and industrial $560,799 $17,074 $— $577,873 
Real estate
Commercial:
Mortgage 80,980 12,487 3,139 96,606 
Construction 17,501 — — 17,501 
Faith-based:
Mortgage 353,189 3,180 — 356,369 
Construction 40,381 — — 40,381 
Total $1,052,850 $32,741 $3,139 $1,088,730 
December 31, 2025
Commercial and industrial $531,443 $17,894 $3,770 $553,107 
Real estate
Commercial:
Mortgage 81,744 12,601 3,222 97,567 
Construction 12,943 — — 12,943 
Faith-based:
Mortgage 358,691 3,621 — 362,312 
Construction 35,288 — — 35,288 
Total $1,020,109 $34,116 $6,992 $1,061,217 
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. There were no loans modified during the three months ended March 31, 2026. There were two loans modified during the three months ended March 31, 2025. Both loans modified during the three months ended March 31, 2025 were due to term extensions coupled with an interest rate increase.
There were no modified loans that had a payment default during the three months ended March 31, 2026 that had been modified due to the borrower experiencing financial difficulty within the 12 previous months preceding the default.
At March 31, 2026, 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.

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 three months ended March 31, 2026.
At March 31, 2026, the Company had two non-accrual loans totaling $3.1 million that had an allowance for credit losses specifically allocated to them of $101,000 based on an evaluation of expected credit losses. There were three non-accrual
loans at December 31, 2025 totaling $7.0 million. The Company did not record any interest income on non-accrual loans during the three months ended March 31, 2026 or 2025.
There were no foreclosed loans recorded as other real estate owned as of March 31, 2026 or December 31, 2025.
A summary of the activity in the allowance for credit losses (“ACL”) by category for the three months ended March 31, 2026 and year-ended December 31, 2025 is as follows:
(In thousands)C&ICREFaith-based
CRE		ConstructionTotal
Balance at January 1, 2025
$5,897 $1,023 $6,258 $217 $13,395 
Provision for (release of) credit losses (64)(134)288 112 202 
Balance at December 31, 2025
$5,833 $889 $6,546 $329 $13,597 
Provision for (release of) credit losses (1)
294 (47)(33)50 264 
Balance at March 31, 2026
$6,127 $842 $6,513 $379 $13,861 
(1)
For the three months ended March 31, 2026, there was a release of credit losses of $203,000 for unfunded commitments.