Loans And Leases (Tables)

3 Months Ended

Mar. 31, 2026

Loans And Leases [Abstract]

Recorded Investment In Loans By Portfolio Segment

The following table presents the recorded investment in loans and leases by portfolio segment. The recorded investment in loans and leases includes the principal balance outstanding adjusted for purchase premiums and discounts, and deferred loan fees and costs.


	March 31, 2026					December 31, 2025
	(unaudited)
Commercial (1)	$		378,164			$		369,430
Real estate:
Single-family residential			417,385					427,905
Multi-family residential			161,088					170,972
Commercial			560,871					533,923
Construction			217,192					208,936
Consumer:
Home equity lines of credit			41,452					41,983
Other			3,751					3,383
Subtotal			1,779,903					1,756,532
Less: ACL – Loans			(18,641	)				(17,678	)
Loans and leases, net	$		1,761,262			$		1,738,854

(1)

Includes $1,778 and $2,710 of commercial leases at March 31, 2026 and December 31, 2025, respectively.

Activity In ALLL By Portfolio Segment

The following tables present the activity in the ACL - Loans by portfolio segment for the three months ended March 31, 2026 and 2025 (unaudited).


		Three Months Ended March 31, 2026 (unaudited)
					Real Estate													Consumer
		Commercial			Single- family			Multi- family			Commercial			Construction			Home equity lines of credit			Other			Total

Allowance for credit losses
Balances, January 1, 2026		$	6,001		$	2,528		$	1,494		$	4,938		$	2,031		$	390		$	296		$	17,678
Provision (reversal) for credit losses			161			(96)			50			190			651			(12)			35			979
Recoveries on loans			51			10			—			—			—			—			—			61
Loans charged off			(77)			—			—			—			—			—			—			(77)
Balances, March 31, 2026		$	6,136		$	2,442		$	1,544		$	5,128		$	2,682		$	378		$	331		$	18,641


		Three Months Ended March 31, 2025 (unaudited)
					Real Estate													Consumer
		Commercial			Single-family			Multi-family			Commercial			Construction			Home equity lines of credit			Other			Total

Allowance for credit losses
Balances, January 1, 2025		$	7,005		$	2,787		$	1,382		$	3,918		$	1,741		$	371		$	270		$	17,474
Provision (reversal) for credit losses			831			(276)			(171)			(44)			11			19			(18)			352
Recoveries on loans			61			9			—			—			—			1			—			71
Loans charged off			(67)			(27)			—			—			—			—			—			(94)
Balances, March 31, 2025		$	7,830		$	2,493		$	1,211		$	3,874		$	1,752		$	391		$	252		$	17,803

Schedule Of Collateral-Dependent Loans By Loan Segment

The tables below present the amortized cost basis of collateral dependent loans by loan class and their respective collateral types, which are individually evaluated to determine expected credit losses.


	March 31, 2026 (unaudited)
	Residential Real Estate					Other					Total					Allowance on Collateral Dependent Loans
Commercial	$		—			$		8,127			$		8,127			$		1,746
Real estate:
Single-family residential			77					—					77					—
Commercial:
Owner occupied			—					5,162					5,162					399
Total	$		77			$		13,289			$		13,366			$		2,145


	December 31, 2025
	Residential Real Estate					Other					Total					Allowance on Collateral Dependent Loans
Commercial	$		—			$		3,128			$		3,128			$		1,415
Real estate:
Single-family residential			79					—					79					—
Commercial:
Owner occupied			—					5,204					5,204					380
Total	$		79			$		8,332			$		8,411			$		1,795

Recorded Investment In Nonaccrual and Nonperforming Loans By Class Of Loans

The following table presents the recorded investment in nonaccrual loans by class of loans at March 31, 2026 (unaudited):


	Nonaccrual Loans					Nonaccrual Loans with no Allowance for Credit Losses
Commercial	$		13,053			$		1,074
Real estate:
Single-family residential			2,002					2,002
Commercial:
Owner occupied			5,163					4,469
Consumer:
Home equity lines of credit			95					95
Total nonaccrual loans	$		20,313			$		7,640

The following table presents the recorded investment in nonaccrual loans by class of loans at December 31, 2025.


	Non-Accrual Loans					Non-Accrual Loans with no Allowance for Credit Losses
Commercial	$		8,181			$		1,074
Real estate:
Single-family residential			1,847					1,847
Commercial:
Owner occupied			5,204					4,510
Consumer:
Home equity lines of credit			97					97
Total nonaccrual loans	$		15,329			$		7,528

Aging Of Recorded Investment In Past Due Loans By Class Of Loans

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of March 31, 2026 (unaudited):


	30 - 59 Days Past Due					60 - 89 Days Past Due					90 Days or more Past Due					Total Past Due					Loans Not Past Due					Nonaccrual Loans Not 90 days or more Past Due
Commercial	$		5,000			$		—			$		4,200			$		9,200			$		368,964			$		8,853
Real estate:
Single-family residential			1,160					—					2,002					3,162					414,223					—
Multi-family residential			—					—					—					—					161,088					—
Commercial:
Non-owner occupied			—					—					—					—					310,119					—
Owner occupied			—					—					5,163					5,163					206,785					—
Land			—					—					—					—					38,804					—
Construction			—					—					—					—					217,192					—
Consumer:
Home equity lines of credit			—					—					—					—					41,452					95
Other			—					—					—					—					3,751					—
Total	$		6,160			$		-			$		11,365			$		17,525			$		1,762,378			$		8,948

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2025:


	30 - 59 Days Past Due					60 - 89 Days Past Due					90 Days or more Past Due					Total Past Due					Loans Not Past Due					Nonaccrual Loans Not 90 days or more Past Due
Commercial	$		320			$		452			$		3,511			$		4,283			$		365,147			$		4,670
Real estate:
Single-family residential			892					719					1,847					3,458					424,447					—
Multi-family residential			—					—					—					—					170,972					—
Commercial:
Non-owner occupied			—					—					—					—					288,891					—
Owner occupied			—					—					5,204					5,204					199,212					—
Land			—					—					—					—					40,616					—
Construction			—					—					—					—					208,936					—
Consumer:
Home equity lines of credit			—					—					—					—					41,983					97
Other			—					—					—					—					3,383					—
Total	$		1,212			$		1,171			$		10,562			$		12,945			$		1,743,587			$		4,767

Recorded Investment In Loans By Risk Category And Class Of Loans

The following table summarizes the risk grading of the Company’s loan portfolio by loan class and by year of origination for the years indicated as of March 31, 2026. Consumer and Single-family residential loans are not risk graded. For purposes of this disclosure, those loans are classified in the following manner: loans that are 89 days or less past due and accruing are “performing” loans and loans greater than 89 days past due or in nonaccrual are “nonperforming” loans.


	Term Loans (amortized cost basis by origination year)
(unaudited)	2026			2025			2024			2023			2022			Prior			Revolving loans amortized cost basis			Revolving loans converted to term			Total
Commercial
Pass	$	19,206		$	55,968		$	25,631		$	19,623		$	39,146		$	82,073		$	96,927		$	3,206		$	341,780
Special Mention		—			—			—			—			29			2,695			22,328			—			25,052
Substandard		—			—			1,328			139			5,069			4,361			50			—			10,947
Doubtful		—			—			—			—			385			—			—			—			385
Total Commercial		19,206			55,968			26,959			19,762			44,629			89,129			119,305			3,206			378,164
Gross charge-offs during the three months ended March 31, 2026		—			—			—			—			—			77			—			—			77
Real estate loans:
Single-family residential
Payment performance
Performing		973			17,847			22,255			24,344			99,968			249,996			—			—			415,383
Nonperforming		—			—			156			193			400			1,253			—			—			2,002
Total Single-family residential loans		973			17,847			22,411			24,537			100,368			251,249			—			—			417,385
Multi-family residential
Pass		3,798			16,117			27,160			30,123			18,086			57,186			—			—			152,470
Special Mention		—			—			—			—			—			8,618			—			—			8,618
Total Multi-family residential loans		3,798			16,117			27,160			30,123			18,086			65,804			—			—			161,088
Commercial:
Non-owner occupied
Pass		35,306			84,648			11,083			41,192			42,119			90,802			—			—			305,150
Special Mention		—			—			—			—			—			4,969			—			—			4,969
Total Non-owner occupied loans		35,306			84,648			11,083			41,192			42,119			95,771			—			—			310,119
Owner occupied
Pass		12,825			31,000			14,118			39,196			42,172			69,985			—			—			209,296
Special Mention		—			—			823			—			—			—			—			—			823
Substandard		—			—			—			—			1,829			—			—			—			1,829
Total Owner occupied loans		12,825			31,000			14,941			39,196			44,001			69,985			—			—			211,948
Land
Pass		3,334			19,462			11,015			615			—			4,378			—			—			38,804
Total Land loans		3,334			19,462			11,015			615			—			4,378			—			—			38,804
Construction
Performing		—			777			—			—			—			—			—			—			777
Pass		13,749			44,898			107,851			24,293			21,448			2,169			—			—			214,408
Special Mention		—			—			343			1,664			—			—			—			—			2,007
Total Construction loans		13,749			45,675			108,194			25,957			21,448			2,169			—			—			217,192
Total Real Estate loans		69,985			214,749			194,804			161,620			226,022			489,356			—			—			1,356,536
Consumer:
Home equity lines of credit:
Payment performance
Performing		—			—			—			—			—			—			40,817			540			41,357
Nonperforming		—			—			—			—			—			10			85			—			95
Total Home equity lines of credit		—			—			—			—			—			10			40,902			540			41,452
Other
Performing		—			—			461			—			—			136			3,154			—			3,751
Total Other consumer loans		—			—			461			—			—			136			3,154			—			3,751
Total loans	$	89,191		$	270,717		$	222,224		$	181,382		$	270,651		$	578,631		$	163,361		$	3,746		$	1,779,903
Total gross charge-offs during the three months ended March 31, 2026	$	—		$	—		$	—		$	—		$	—		$	77		$	—		$	—		$	77

The following table summarizes the risk grading of the Company’s loan portfolio by loan class and by year of origination for the years indicated as of December 31, 2025. Consumer and Single-family residential loans are not risk graded. For purposes of this disclosure, those loans are classified in the following manner: loans that are 89 days or less past due and accruing are “performing” loans.


	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
Pass	$	59,943		$	25,874		$	20,473		$	41,457		$	62,332		$	29,045		$	112,874		$	3,122		$	355,120
Special Mention		—			—			—			5,000			—			2,850			—			—			7,850
Substandard		—			1,328			139			69			4,129			360			50			—			6,075
Doubtful		—			—			—			385			—			—			—			—			385
Total Commercial		59,943			27,202			20,612			46,911			66,461			32,255			112,924			3,122			369,430
Gross charge-offs for the year ended December 31, 2025		—			—			-			7,165			284			—			—			—			7,449
Real estate loans:
Single-family residential
Payment performance
Performing		17,419			26,174			25,165			103,688			200,985			52,627			—			—			426,058
Nonperforming		—			—			193			401			690			563			—			—			1,847
Total Single-family residential loans		17,419			26,174			25,358			104,089			201,675			53,190			—			—			427,905
Gross charge-offs for the year ended December 31, 2025		—			—			27			—			—			—			—			—			27
Multi-family residential
Pass		19,972			27,195			30,168			18,151			46,905			19,915			—			—			162,306
Special Mention		—			—			—			—			—			8,666			—			—			8,666
Total Multi-family residential loans		19,972			27,195			30,168			18,151			46,905			28,581			—			—			170,972
Commercial:
Non-owner occupied
Pass		81,898			9,473			41,336			52,740			46,575			56,869			—			—			288,891
Total Non-owner occupied loans		81,898			9,473			41,336			52,740			46,575			56,869			—			—			288,891
Owner occupied
Pass		28,005			15,062			40,533			43,567			38,965			36,444			—			—			202,576
Substandard		—			—			—			1,840			—			—			—			—			1,840
Total Owner occupied loans		28,005			15,062			40,533			45,407			38,965			36,444			—			—			204,416
Land
Pass		18,042			17,507			617			—			4,450			—			—			—			40,616
Total Land loans		18,042			17,507			617			—			4,450			—			—			—			40,616
Construction
Performing		632			—			—			—			—			—			—			—			632
Pass		34,143			95,801			50,775			22,400			3,178			—			—			—			206,297
Special Mention		—			343			1,664			—			—			—			—			—			2,007
Total Construction loans		34,775			96,144			52,439			22,400			3,178			—			—			—			208,936
Total Real Estate loans		200,111			191,555			190,451			242,787			341,748			175,084			—			—			1,341,736
Consumer:
Home equity lines of credit:
Payment performance
Performing		—			—			—			—			—			—			41,279			607			41,886
Nonperforming		—			—			—			—			—			—			87			10			97
Total Home equity lines of credit		—			—			—			—			—			—			41,366			617			41,983
Other
Payment performance
Performing		—			468			—			—			—			136			2,278			501			3,383
Nonperforming		—			—			—			—			—			—			—			-			-
Total Other consumer loans		—			468			—			-			—			136			2,278			501			3,383
Gross charge-offs for the year ended December 31, 2025		—			—			—			—			—			—			—			—			-
Total loans	$	260,054		$	219,225		$	211,063		$	289,698		$	408,209		$	207,475		$	156,568		$	4,240		$	1,756,532
Total gross charge-offs during the year ended December 31, 2025	$	—		$	—		$	27		$	7,165		$	284		$	—		$	—		$	—		$	7,476

Components Of Net Investment In Direct Financing Leases

The following lists the components of the net investment in direct financing leases:


	March 31, 2026					December 31, 2025
	(unaudited)
Total minimum lease payments to be received	$		1,821			$		2,780
Less: Unearned income			(43	)				(71	)
Plus: Indirect initial costs			-					1
Net investment in direct financing leases	$		1,778			$		2,710

Summary Of Future Minimum Lease Payments Receivable

The following summarizes the future minimum lease payments receivable as of March 31, 2026 :


2026, excluding the three months ended March 31, 2026		$		1,383
2027				402
2028				36
Total future minimum payments		$		1,821