Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2026

Allowance for Credit Losses

Schedule of allowance for credit losses

Consumer

(Dollars in thousands)

Commercial

Consumer

Finance

Total

Balance at December 31, 2025

$

13,239

$

4,179

$

22,259

$

39,677

Provision charged to operations

146

4

3,300

3,450

Loans charged off

—

(65)

(4,626)

(4,691)

Recoveries of loans previously charged off

26

35

1,168

1,229

Balance at March 31, 2026

$

13,411

$

4,153

$

22,101

$

39,665


								Consumer
(Dollars in thousands)		Commercial			Consumer			Finance			Total
Balance at December 31, 2024		$	13,347		$	4,032		$	22,708		$	40,087
Provision charged to operations			69			81			2,900			3,050
Loans charged off			—			(61)			(4,073)			(4,134)
Recoveries of loans previously charged off			9			34			997			1,040
Balance at March 31, 2025		$	13,425		$	4,086		$	22,532		$	40,043

Schedule of breakdown of provision for credit losses


		Three Months Ended March 31,
(Dollars in thousands)		2026			2025
Provision for credit losses:
Provision for loans		$	3,450		$	3,050
Provision for unfunded commitments			150			(50)
Total		$	3,600		$	3,000

Schedule of loans by credit quality indicators

The following table details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of March 31, 2026:


																				Revolving			Revolving
		Term Loans Recorded Balance by Origination Year																		Loans			Loans
																				Recorded			Converted
(Dollars in thousands)		2026			2025			2024			2023			2022			Prior			Balance			to Term¹			Total
Commercial real estate:
Loan Rating
Pass		$	29,748		$	72,456		$	114,721		$	130,789		$	160,904		$	361,830		$	—		$	125		$	870,573
Special Mention			—			—			—			—			—			70			—			—			70
Total		$	29,748		$	72,456		$	114,721		$	130,789		$	160,904		$	361,900		$	—		$	125		$	870,643

Commercial business:
Loan Rating
Pass		$	6,536		$	8,790		$	7,213		$	9,434		$	12,853		$	34,694		$	38,838		$	160		$	118,518
Special Mention			—			—			—			—			—			107			—			—			107
Substandard Nonaccrual			—			—			—			—			—			2			—			—			2
Total		$	6,536		$	8,790		$	7,213		$	9,434		$	12,853		$	34,803		$	38,838		$	160	0	$	118,627


Construction - commercial real estate:
Loan Rating
Pass		$	3,424		$	7,885		$	47,184		$	13,582		$	3,187		$	—		$	—		$	—		$	75,262
Total		$	3,424		$	7,885		$	47,184		$	13,582		$	3,187		$	—		$	—		$	—		$	75,262

Land acquisition and development:
Loan Rating
Pass		$	16,040		$	23,716		$	37,595		$	—		$	371		$	4,753		$	—		$	—		$	82,475
Total		$	16,040		$	23,716		$	37,595		$	—		$	371		$	4,753		$	—		$	—		$	82,475

Builder lines:
Loan Rating
Pass		$	4,976		$	19,435		$	4,978		$	446		$	1,018		$	205		$	—		$	—		$	31,058
Total		$	4,976		$	19,435		$	4,978		$	446		$	1,018		$	205		$	—		$	—		$	31,058

Construction - consumer real estate:
Loan Rating
Pass		$	2,934		$	27,061		$	2,545		$	—		$	—		$	—		$	—		$	—		$	32,540
Total		$	2,934		$	27,061		$	2,545		$	—		$	—		$	—		$	—		$	—		$	32,540

Residential mortgage:
Loan Rating
Pass		$	11,717		$	41,452		$	55,529		$	43,281		$	68,735		$	94,199		$	—		$	—		$	314,913
Special Mention			—			—			161			21			82			343			—			—			607
Substandard			—			—			—			—			—			60			—			—			60
Substandard Nonaccrual			—			—			97			800			104			96			—			—			1,097
Total		$	11,717		$	41,452		$	55,787		$	44,102		$	68,921		$	94,698		$	—		$	—		$	316,677

Equity lines:
Loan Rating
Pass		$	—		$	—		$	—		$	—		$	—		$	490		$	75,535		$	801		$	76,826
Special Mention			—			—			—			—			—			—			—			94			94
Total		$	—		$	—		$	—		$	—		$	—		$	490		$	75,535		$	895		$	76,920

Other consumer:
Loan Rating
Pass		$	1,952		$	4,111		$	2,103		$	1,108		$	580		$	308		$	42		$	—		$	10,204
Total		$	1,952		$	4,111		$	2,103		$	1,108		$	580		$	308		$	42		$	—		$	10,204

Total:
Loan Rating
Pass		$	77,327		$	204,906		$	271,868		$	198,640		$	247,648		$	496,479		$	114,415		$	1,086		$	1,612,369
Special Mention			—			—			161			21			82			520			—			94			878
Substandard			—			—			—			—			—			60			—			—			60
Substandard Nonaccrual			—			—			97			800			104			98			—			—			1,099
Total		$	77,327		$	204,906		$	272,126		$	199,461		$	247,834		$	497,157		$	114,415		$	1,180		$	1,614,406

1

Commercial business and equity lines include $119,000 and $169,000, respectively, of revolving loans converted to term during the three months ended March 31, 2026.

The following table details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of December 31, 2025:


																				Revolving			Revolving
		Term Loans Recorded Balance by Origination Year																		Loans			Loans
																				Recorded			Converted
(Dollars in thousands)		2025			2024			2023			2022			2021			Prior			Balance			to Term¹			Total
Commercial real estate:
Loan Rating
Pass		$	72,184		$	110,069		$	120,853		$	162,934		$	120,074		$	249,017		$	—		$	229		$	835,360
Special Mention			—			—			—			—			—			72			—			—			72
Total		$	72,184		$	110,069		$	120,853		$	162,934		$	120,074		$	249,089		$	—		$	229		$	835,432

Commercial business:
Loan Rating
Pass		$	9,557		$	7,623		$	10,169		$	13,091		$	11,841		$	26,507		$	36,875		$	47		$	115,710
Total		$	9,557		$	7,623		$	10,169		$	13,091		$	11,841		$	26,507		$	36,875		$	47		$	115,710

Construction - commercial real estate:

Loan Rating
Pass		$	10,384		$	54,141		$	31,892		$	3,187		$	—		$	—		$	—		$	—		$	99,604
Total		$	10,384		$	54,141		$	31,892		$	3,187		$	—		$	—		$	—		$	—		$	99,604

Land acquisition and development:
Loan Rating
Pass		$	18,966		$	41,178		$	—		$	371		$	—		$	5,733		$	—		$	—		$	66,248
Total		$	18,966		$	41,178		$	—		$	371		$	—		$	5,733		$	—		$	—		$	66,248

Builder lines:
Loan Rating
Pass		$	27,069		$	8,855		$	826		$	784		$	—		$	404		$	—		$	—		$	37,938
Total		$	27,069		$	8,855		$	826		$	784		$	—		$	404		$	—		$	—		$	37,938

Construction - consumer real estate:
Loan Rating
Pass		$	24,158		$	5,130		$	—		$	—		$	—		$	—		$	—		$	—		$	29,288
Total		$	24,158		$	5,130		$	—		$	—		$	—		$	—		$	—		$	—		$	29,288

Residential mortgage:
Loan Rating
Pass		$	44,390		$	57,382		$	46,606		$	71,350		$	33,087		$	64,871		$	—		$	—		$	317,686
Special Mention			—			—			22			84			202			347			—			—			655
Substandard			—			—			—			—			—			60			—			—			60
Substandard Nonaccrual			—			113			833			189			—			—			—			—			1,135
Total		$	44,390		$	57,495		$	47,461		$	71,623		$	33,289		$	65,278		$	—		$	—		$	319,536

Equity lines:
Loan Rating
Pass		$	—		$	—		$	—		$	—		$	—		$	493		$	75,165		$	701		$	76,359
Special Mention			—			—			—			—			—			—			—			101			101
Total		$	—		$	—		$	—		$	—		$	—		$	493		$	75,165		$	802		$	76,460

Other consumer:
Loan Rating
Pass		$	5,157		$	2,512		$	1,318		$	670		$	82		$	300		$	46		$	—		$	10,085
Total		$	5,157		$	2,512		$	1,318		$	670		$	82		$	300		$	46		$	—		$	10,085

Total:
Loan Rating
Pass		$	211,865		$	286,890		$	211,664		$	252,387		$	165,084		$	347,325		$	112,086		$	977		$	1,588,278
Special Mention			—			—			22			84			202			419			—			101			828
Substandard			—			—			—			—			—			60			—			—			60
Substandard Nonaccrual			—			113			833			189			—			—			—			—			1,135
Total		$	211,865		$	287,003		$	212,519		$	252,660		$	165,286		$	347,804		$	112,086		$	1,078		$	1,590,301

1

Commercial real estate and equity lines include $128,000 and $516,000, respectively, of revolving loans converted to term during the year ended December 31, 2025.

The following table details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of March 31, 2026:

Revolving

Term Loans Recorded Balance by Origination Year

Loans

Revolving

Converted

(Dollars in thousands)

 

2026

2025

2024

2023

2022

Prior

Loans

to Term

Total

Consumer finance - automobiles:

Credit rating¹

Very good

$

6,915

$

20,282

$

13,090

$

5,417

$

3,803

$

955

$

—

$

—

$

50,462

Good

14,165

42,919

25,800

14,942

15,416

4,252

—

—

117,494

Fairly good

12,399

45,770

27,028

20,605

19,898

8,241

—

—

133,941

Fair

7,193

28,267

17,053

12,529

11,958

6,974

—

—

83,974

Marginal

1,330

6,710

3,392

2,460

2,789

2,921

—

—

19,602

Total

$

42,002

$

143,948

$

86,363

$

55,953

$

53,864

$

23,343

$

—

$

—

$

405,473

Consumer finance - marine and recreational vehicles:

Credit rating¹

Very good

$

—

$

1,302

$

5,893

$

4,695

$

10,246

$

14,396

$

—

$

—

$

36,532

Good

—

1,426

3,755

5,391

5,301

2,364

—

—

18,237

Fairly good

—

—

—

164

171

69

—

—

404

Total

$

—

$

2,728

$

9,648

$

10,250

$

15,718

$

16,829

$

—

$

—

$

55,173

Total:

Credit rating¹

Very good

$

6,915

$

21,584

$

18,983

$

10,112

$

14,049

$

15,351

$

—

$

—

$

86,994

Good

14,165

44,345

29,555

20,333

20,717

6,616

—

—

135,731

Fairly good

12,399

45,770

27,028

20,769

20,069

8,310

—

—

134,345

Fair

7,193

28,267

17,053

12,529

11,958

6,974

—

—

83,974

Marginal

1,330

6,710

3,392

2,460

2,789

2,921

—

—

19,602

Total

$

42,002

$

146,676

$

96,011

$

66,203

$

69,582

$

40,172

$

—

$

—

$

460,646

1	Credit ratings with a FICO score greater than 739 are considered Very Good, FICO scores ranging from 670-739 are considered Good, FICO scores ranging from 625-669 are considered Fairly Good, FICO scores ranging from 580-624 are considered Fair and FICO scores less than 580 are considered Marginal.

The following table details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of December 31, 2025:


																							Revolving
		Term Loans Recorded Balance by Origination Year																					Loans
																				Revolving			Converted
(Dollars in thousands)		2025			2024			2023			2022			2021			Prior			Loans			to Term			Total
Consumer finance - automobiles:
Credit rating¹
Very good		$	22,600		$	14,758		$	6,212		$	4,543		$	1,123		$	111		$	—		$	—		$	49,347
Good			46,079			28,573			17,066			17,449			4,853			519			—			—			114,539
Fairly good			48,871			29,704			23,209			23,345			9,043			1,397			—			—			135,569
Fair			29,774			18,942			14,528			14,266			7,011			1,815			—			—			86,336
Marginal			6,960			3,751			2,893			3,243			2,626			1,048			—			—			20,521
Total		$	154,284		$	95,728		$	63,908		$	62,846		$	24,656		$	4,890		$	—		$	—		$	406,312

Consumer finance - marine and recreational vehicles:
Credit rating¹
Very good		$	1,339		$	6,231		$	4,999		$	10,700		$	6,473		$	8,789		$	—		$	—		$	38,531
Good			1,442			3,937			5,533			5,604			1,066			1,441			—			—			19,023
Fairly good			—			—			165			173			32			39			—			—			409
Total		$	2,781		$	10,168		$	10,697		$	16,477		$	7,571		$	10,269		$	—		$	—		$	57,963

Total:
Credit rating¹
Very good		$	23,939		$	20,989		$	11,211		$	15,243		$	7,596		$	8,900		$	—		$	—		$	87,878
Good			47,521			32,510			22,599			23,053			5,919			1,960			—			—			133,562
Fairly good			48,871			29,704			23,374			23,518			9,075			1,436			—			—			135,978
Fair			29,774			18,942			14,528			14,266			7,011			1,815			—			—			86,336
Marginal			6,960			3,751			2,893			3,243			2,626			1,048			—			—			20,521
Total		$	157,065		$	105,896		$	74,605		$	79,323		$	32,227		$	15,159		$	—		$	—		$	464,275

1	Credit ratings with a FICO score greater than 739 are considered Very Good, FICO scores ranging from 670-739 are considered Good, FICO scores ranging from 625-669 are considered Fairly Good, FICO scores ranging from 580-624 are considered Fair and FICO scores less than 580 are considered Marginal.

Schedule of current period gross charge-offs of loans by year of origination

The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 2026.


																							Revolving
		Current Period Gross Charge-offs by Origination Year																					Loans
																				Revolving			Converted
(Dollars in thousands)		2026			2025			2024			2023			2022			Prior			Loans			to Term			Total
Equity lines		$	—		$	—		$	—		$	5		$	—		$	6		$	—		$	—		$	11
Other consumer¹			42			5			7			—			—			—			—			—			54
Consumer finance - automobiles			—			556			968			1,248			1,242			482			—			—			4,496
Consumer finance - marine and recreational vehicles			—			—			28			26			64			12			—			—			130
Total		$	42		$	561		$	1,003		$	1,279		$	1,306		$	500		$	—		$	—		$	4,691

1	Gross charge-offs of other consumer loans for the three months ended March 31, 2026 included $217,000 of demand deposit overdrafts that originated in 2026.

The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 2025.


																							Revolving
		Current Period Gross Charge-offs by Origination Year																					Loans
																				Revolving			Converted
(Dollars in thousands)		2025			2024			2023			2022			2021			Prior			Loans			to Term			Total
Residential mortgage		$	6		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	6
Other consumer¹			45			10			—			—			—			—			—			—			55
Consumer finance - automobiles			—			593			1,004			1,616			587			196			—			—			3,996
Consumer finance - marine and recreational vehicles			—			—			13			52			10			2			—			—			77
Total		$	51		$	603		$	1,017		$	1,668		$	597		$	198		$	—		$	—		$	4,134

1	Gross charge-offs of other consumer loans for the three months ended March 31, 2025 included $45,000 of demand deposit overdrafts that originated in 2025.