Loans

Schedule of activity in the allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment method


		Three Months Ended March 31, 2026
		Commercial				Commercial
		And		Commercial		Real Estate		Residential		Home
		Industrial		Real Estate		Construction		Real Estate		Equity		Consumer		Total
Allowance for credit losses:
Beginning balance		$	4,902	$	20,101	$	1,040	$	1,601	$	170	$	521	$	28,335
Provision for credit losses^*			(172)		(217)		64		(351)		149		34		(493)
Charge-offs			(24)		—		—		—		—		(1)		(25)
Recoveries			7		—		—		—		—		20		27
Ending balance		$	4,713	$	19,884	$	1,104	$	1,250	$	319	$	574	$	27,844

* The provision for credit losses on the income statement also includes approximately $57 associated with off balance sheet ACL.


		Three Months Ended March 31, 2025
		Commercial				Commercial
		and		Commercial		Real Estate		Residential		Home
		Industrial		Real Estate		Construction		Real Estate		Equity		Consumer		Total
Allowance for credit losses:
Beginning balance		$	4,501	$	19,227	$	755	$	962	$	56	$	576	$	26,077
Provision for credit losses^*			(702)		68		237		680		126		(146)		263
Charge-offs			(6)		—		—		—		—		—		(6)
Recoveries			16		—		—		—		—		23		39
Ending balance		$	3,809	$	19,295	$	992	$	1,642	$	182	$	453	$	26,373

* The provision for credit losses on the income statement also includes approximately ($61) associated with off balance sheet ACL.

The following tables present the balance in the allowance for credit losses and the amortized cost in loans by portfolio segment and based on impairment method as of March 31, 2026 and December 31, 2025:


		Commercial						Commercial
		and			Commercial			Real Estate			Residential			Home
		Industrial			Real Estate			Construction			Real Estate			Equity			Consumer			Total
March 31, 2026
Allowance for credit losses:
Ending balance:
individually evaluated for impairment		$	1,963		$	1,111		$	—		$	—		$	35		$	—		$	3,109
collectively evaluated for impairment			2,750			18,773			1,104			1,250			284			574			24,735
Total ending allowance balance		$	4,713		$	19,884		$	1,104		$	1,250		$	319		$	574		$	27,844
Loans:
Ending balance:
individually evaluated for impairment		$	2,838		$	62,736		$	—		$	2		$	833		$	—		$	66,409
collectively evaluated for impairment			228,134			1,418,069			106,868			65,844			26,061			40,578			1,885,554
Total ending loans balance		$	230,972		$	1,480,805		$	106,868		$	65,846		$	26,894		$	40,578		$	1,951,963


		Commercial						Commercial
		and			Commercial			Real Estate			Residential			Home
		Industrial			Real Estate			Construction			Real Estate			Equity			Consumer			Total
December 31, 2025
Allowance for credit losses:
Ending balance:
individually evaluated for impairment		$	1,898		$	888		$	—		$	—		$	—		$	—		$	2,786
collectively evaluated for impairment			3,004			19,213			1,040			1,601			170			521			25,549
Total ending allowance balance		$	4,902		$	20,101		$	1,040		$	1,601		$	170		$	521		$	28,335
Loans:
Ending balance:
individually evaluated for impairment		$	2,941		$	55,429		$	—		$	1		$	844		$	—		$	59,215
collectively evaluated for impairment			246,692			1,424,633			99,262			65,289			21,774			33,419			1,891,069
Total ending loans balance		$	249,633		$	1,480,062		$	99,262		$	65,290		$	22,618		$	33,419		$	1,950,284

Schedule of recorded investment in non-accrual and loans past due over 90 days still on accrual by class of loans


	Non-Accrual
	with No Allowance									Loans Past Due Over 90 Days
	for Credit Loss					Non-accrual				Still Accruing
	March 31, 2026		December 31, 2025			March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Commercial and industrial	$	—	$	—		$	2,250	$	1,577	$	4	$	18
Commercial real estate		14,981		669			22,998		8,690		—		—
Commercial real estate construction		—		—			—		—		—		—
Residential real estate		—		1			—		1		—		—
Home equity		798		844			833		844		—		—
Consumer		—		—			—		—		—		—
Total	$	15,779		1,514		$	26,081	$	11,112	$	4	$	18

Schedule of risk category of loans by class of loans

The following tables summarize the Company’s loans by year of origination and internally assigned credit risk at March 31, 2026 and December 31, 2025 and gross charge-offs for the three months ended March 31, 2026 and the year ended December 31, 2025:


													Revolving
												Revolving	Loans to
	2026			2025	2024		2023		2022		Prior	Loans	Term Loans	Total
Commercial and industrial															—
Pass	$	6,350		31,935	28,528		37,538		32,950		72,522	—	—	$	209,823
Special Mention		—		539	—		4,072		—		-	—	—		4,611
Substandard		—		303	7,581		214		8,313		127	—	—		16,538
Total Commercial and industrial	$	6,350		32,777	36,109		41,824		41,263		72,649	—	—	$	230,972
Current period gross charge-offs	$	7		—	17		—		—		—	—	—	$	24

Commercial real estate
Pass	$	56,475		193,646	129,401		156,225		282,968		554,144	1,820	—	$	1,374,679
Special Mention		—		—	4,098		8,207		9,873		20,397	—	—		42,575
Substandard		—		—	3,743		377		17,573		41,858	—	—		63,551
Total Commercial real estate	$	56,475		193,646	137,242		164,809		310,414		616,399	1,820	—	$	1,480,805
Current period gross charge-offs		—		—	—		—		—		—	—	—		—

Commercial real estate construction
Pass	$	—		43,984	43,370		5,413		3,901		10,200	—	—	$	106,868
Special Mention		—		—	—		—				—	—	—		—
Substandard		—		—	—		—		—		—	—	—		—
Total Commercial real estate construction	$	—		43,984	43,370		5,413		3,901		10,200	—	—	$	106,868
Current period gross charge-offs		—		—	—		—		—		—	—	—		—

Residential real estate
Pass	$	825		6,316	10,424		8,527		10,030		29,722	—	—	$	65,844
Special Mention		—		—	—		—		—		—	—	—		—
Substandard		—		—	—		—		—		2	—	—		2
Total Residential real estate	$	825		6,316	10,424		8,527		10,030		29,724	—	—	$	65,846
Current period gross charge-offs		—		—	—		—		—		—	—	—		—

Home equity
Pass	$	—		97	366		44		—		37	24,437	1,115	$	26,096
Special Mention		—		—	—		—		—		—	—	—		—
Substandard		—		—	—		—		—		—	798	—		798
Total Home Equity	$	—		97	366		44		—		37	25,235	1,115	$	26,894
Current period gross charge-offs		—		—	—		—		—		—	—	—		—

Consumer
Pass	$	8,857		11,752	82		12,939		—		616	6,332	—	$	40,578
Special Mention		—		—	—		—		—		—	—	—		—
Substandard				—	—		—		—		—	—	—		—
Total Consumer	$	8,857		11,752	82		12,939		—		616	6,332	—	$	40,578
Current period gross charge-offs	$	—		—	—		—		—		1	—	—	$	1

Total Loans	$	72,507		288,572	227,593		233,556		365,608		729,625	33,387	1,115	$	1,951,963

Gross charge-offs	$	7		—	17		—		—		1	—	—	$	25



									Revolving
								Revolving	Loans to
	2025		2024	2023	2022	2021	Prior	Loans	Term Loans	Total
Commercial and industrial											—
Pass	$	34,656	30,928	39,368	29,142	31,139	59,705	—	—	$	224,938
Special Mention		575	—	4,073	—	3,402	-	—	—		8,050
Substandard		318	7,636	226	8,313	77	75	—	—		16,645
Total Commercial and industrial	$	35,549	38,564	43,667	37,455	34,618	59,780	—	—	$	249,633
Current period gross charge-offs	$	2,694	349	2,804	—	149	26	—	—	$	6,022

Commercial real estate
Pass	$	192,543	150,316	157,063	309,593	216,546	345,807	1,572	—	$	1,373,440
Special Mention		—	4,116	8,255	24,243	786	12,972	—	—		50,372
Substandard		—	3,756	379	3,270	17,446	31,399	—	—		56,250
Total Commercial real estate	$	192,543	158,188	165,697	337,106	234,778	390,178	1,572	—	$	1,480,062
Current period gross charge-offs		—	—	—	—	100	—	—	—	$	100

Commercial real estate construction
Pass	$	33,376	54,299	1,900	6,687	3,000	—	—	—	$	99,262
Special Mention		—	—	—	—		—	—	—		—
Substandard		—	—	—	—	—	—	—	—		—
Total Commercial real estate construction	$	33,376	54,299	1,900	6,687	3,000	—	—	—	$	99,262
Current period gross charge-offs		—	—	—	—	—	—	—	—		—

Residential real estate
Pass	$	10,760	5,320	8,897	9,765	6,889	23,658	—	—	$	65,289
Special Mention		—	—	—	—	—	—	—	—		—
Substandard		—	—	—	—	—	1	—	—		1
Total Residential real estate	$	10,760	5,320	8,897	9,765	6,889	23,659	—	—	$	65,290
Current period gross charge-offs	$	—	—	—	—	—	16	—	—	$	16

Home equity
Pass	$	99	374	44	—	—	39	20,069	1,183	$	21,808
Special Mention		—	—	—	—	—	—	—	—		—
Substandard		—	—	—	—	—	—	810	—		810
Total Home Equity	$	99	374	44	—	—	39	20,879	1,183	$	22,618
Current period gross charge-offs		—	—	—	—	—	—	—	—		—

Consumer
Pass	$	6,276	6,597	14,144	—	—	731	5,671	—	$	33,419
Special Mention		—	—	—	—	—	—	—	—		—
Substandard			—	—	—	—	—	—	—		—
Total Consumer	$	6,276	6,597	14,144	—	—	731	5,671	—	$	33,419
Current period gross charge-offs	$	—	—	—	—	—	5	—	—	$	5

Total Loans	$	278,603	263,342	234,349	391,013	279,285	474,387	28,122	1,183	$	1,950,284

Gross charge-offs	$	2,694	349	2,804	—	249	47	—	—	$	6,143