Loans Receivable (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Receivables [Abstract] |
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| Schedule of Accounts, Notes, Loans and Financing Receivable |
Loans consist of the following as of March 31, 2026, and December 31, 2025: | | | | | | | | | | | | | (Dollars in thousands) | March 31, 2026 | | December 31, 2025 | | Loans secured by real estate: | | | | | Residential real estate | $ | 445,097 | | | $ | 442,443 | | | Home equity | 53,855 | | | 53,497 | | | Commercial real estate | 564,613 | | | 555,594 | | | Construction and land development | 76,582 | | | 77,208 | | | Multifamily | 185,824 | | | 183,902 | | | Total loans secured by real estate | 1,325,971 | | | 1,312,644 | | | Commercial business | 94,160 | | | 99,304 | | | Consumer | 310 | | | 870 | | | Manufactured homes | 22,981 | | | 23,708 | | | Government | 9,998 | | | 12,298 | | | Loans receivable | 1,453,420 | | | 1,448,824 | | | Add: | | | | | Net deferred loan origination costs | 1,723 | | | 1,606 | | | Loan clearing funds | (25) | | | (43) | | | Loans receivable, net of deferred fees and costs | $ | 1,455,118 | | | $ | 1,450,387 | |
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| Schedule of Financing Receivable, Past Due |
The Company's age analysis of past due loans is summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | 30-59 Days Past Due | | 60-89 Days Past Due | | Greater Than 90
Days Past Due | | Total Past Due and
Accruing | | Current | | Accruing Loans | | Nonaccrual
Loans | | Total Loans
Receivable | | March 31, 2026 | | | | | | | | | | | | | | | | | Residential real estate | $ | 7,792 | | | $ | 1,677 | | | $ | - | | | $ | 9,469 | | | $ | 428,831 | | | $ | 438,300 | | | $ | 6,797 | | | $ | 445,097 | | | Home equity | 326 | | | - | | | - | | | 326 | | | 52,768 | | | 53,094 | | | 761 | | | 53,855 | | | Commercial real estate | 10,520 | | | 3,032 | | | - | | | 13,552 | | | 548,827 | | | 562,379 | | | 2,234 | | | 564,613 | | | Construction and land development | - | | | - | | | - | | | - | | | 75,989 | | | 75,989 | | | 593 | | | 76,582 | | | Multifamily | 1,143 | | | 1,152 | | | - | | | 2,295 | | | 182,932 | | | 185,227 | | | 597 | | | 185,824 | | | Commercial business | 677 | | | 774 | | | - | | | 1,451 | | | 91,410 | | | 92,861 | | | 1,299 | | | 94,160 | | | Consumer | - | | | - | | | - | | | - | | | 310 | | | 310 | | | - | | | 310 | | | Manufactured homes | 299 | | | - | | | - | | | 299 | | | 22,592 | | | 22,891 | | | 90 | | | 22,981 | | | Government | - | | | - | | | - | | | - | | | 9,998 | | | 9,998 | | | - | | | 9,998 | | | Total | $ | 20,757 | | | $ | 6,635 | | | $ | - | | | $ | 27,392 | | | $ | 1,413,657 | | | $ | 1,441,049 | | | $ | 12,371 | | | $ | 1,453,420 | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | Residential real estate | $ | 4,991 | | | $ | 1,552 | | | $ | - | | | $ | 6,543 | | | $ | 429,968 | | | $ | 436,511 | | | $ | 5,932 | | | $ | 442,443 | | | Home equity | 324 | | | - | | | - | | | 324 | | | 52,363 | | | 52,687 | | | 810 | | | 53,497 | | | Commercial real estate | 4,106 | | | 3,905 | | | - | | | 8,011 | | | 546,022 | | | 554,033 | | | 1,561 | | | 555,594 | | | Construction and land development | 2,343 | | | 129 | | | - | | | 2,472 | | | 74,083 | | | 76,555 | | | 653 | | | 77,208 | | | Multifamily | 450 | | | 1,303 | | | - | | | 1,753 | | | 181,453 | | | 183,206 | | | 696 | | | 183,902 | | | Commercial business | 1,214 | | | 47 | | | - | | | 1,261 | | | 96,604 | | | 97,865 | | | 1,439 | | | 99,304 | | | Consumer | - | | | - | | | - | | | - | | | 870 | | | 870 | | | - | | | 870 | | | Manufactured homes | 241 | | | 28 | | | - | | | 269 | | | 23,368 | | | 23,637 | | | 71 | | | 23,708 | | | Government | - | | | - | | | - | | | - | | | 12,298 | | | 12,298 | | | - | | | 12,298 | | | Total | $ | 13,669 | | | $ | 6,964 | | | $ | - | | | $ | 20,633 | | | $ | 1,417,029 | | | $ | 1,437,662 | | | $ | 11,162 | | | $ | 1,448,824 | |
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| Schedule of Financing Receivable Credit Quality Indicators |
The following table shows the amortized cost of loans, segregated by portfolio segment, credit quality rating and year of origination as of March 31, 2026, and December 31, 2025, and gross charge-offs for the three months ended March 31, 2026, and for the year ended December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | 2026 | 2025 | 2024 | 2023 | 2022 | Prior | Revolving | Revolving
Converted to
Term | Total | | Total Loans Receivable | $ | 81,826 | | $ | 198,143 | | $ | 135,564 | | $ | 134,662 | | $ | 263,157 | | $ | 640,068 | | $ | - | | $ | - | | $ | 1,453,420 | | | Total current period gross charge-off | $ | (14) | | $ | (5) | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | (19) | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | Pass (1-6) | $ | 14,265 | | $ | 14,750 | | $ | 16,412 | | $ | 24,044 | | $ | 77,120 | | $ | 285,217 | | $ | - | | $ | - | | $ | 431,808 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Special Mention (7) | - | | - | | - | | 618 | | 2,859 | | 3,015 | | - | | - | | 6,492 | | | Substandard (8) | - | | 296 | | 107 | | 712 | | 1,970 | | 3,712 | | - | | - | | 6,797 | | | Total | $ | 14,265 | | $ | 15,046 | | $ | 16,519 | | $ | 25,374 | | $ | 81,949 | | $ | 291,944 | | $ | - | | $ | - | | $ | 445,097 | | | Current period gross charge-off | - | | (5) | | - | | - | | - | | - | | - | | - | | (5) | | | | | | | | | | | | | Home equity | | | | | | | | | | | Pass (1-6) | $ | 3,590 | | $ | 11,003 | | $ | 7,118 | | $ | 7,148 | | $ | 9,453 | | $ | 14,481 | | $ | - | | $ | - | | $ | 52,793 | | | Special Mention (7) | - | | - | | - | | 6 | | 50 | | 245 | | - | | - | | 301 | | | Substandard (8) | - | | - | | 43 | | 277 | | 41 | | 400 | | - | | - | | 761 | | | Total | $ | 3,590 | | $ | 11,003 | | $ | 7,161 | | $ | 7,431 | | $ | 9,544 | | $ | 15,126 | | $ | - | | $ | - | | $ | 53,855 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | Pass (1-6) | $ | 27,660 | | $ | 68,471 | | $ | 77,907 | | $ | 66,307 | | $ | 108,871 | | $ | 198,262 | | $ | - | | $ | - | | $ | 547,478 | | | Special Mention (7) | 347 | | 2,061 | | 2,726 | | 2,207 | | 3,624 | | 3,936 | | - | | - | | 14,901 | | | Substandard (8) | - | | 317 | | - | | 197 | | 221 | | 1,499 | | - | | - | | 2,234 | | | Total | $ | 28,007 | | $ | 70,849 | | $ | 80,633 | | $ | 68,711 | | $ | 112,716 | | $ | 203,697 | | $ | - | | $ | - | | $ | 564,613 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Construction and land development | | | | | | | | | | | Pass (1-6) | $ | 12,107 | | $ | 43,234 | | $ | 9,525 | | $ | 8,653 | | $ | 280 | | $ | 131 | | $ | - | | $ | - | | $ | 73,930 | | | Special Mention (7) | 486 | | - | | - | | - | | - | | - | | - | | - | | 486 | | | Substandard (8) | - | | - | | - | | 936 | | - | | 1,230 | | - | | - | | 2,166 | | | Total | $ | 12,593 | | $ | 43,234 | | $ | 9,525 | | $ | 9,589 | | $ | 280 | | $ | 1,361 | | $ | - | | $ | - | | $ | 76,582 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Multifamily | | | | | | | | | | | Pass (1-6) | $ | 8,974 | | $ | 14,934 | | $ | 6,901 | | $ | 12,303 | | $ | 44,169 | | $ | 95,252 | | $ | - | | $ | - | | $ | 182,533 | | | Special Mention (7) | 443 | | 402 | | - | | - | | 750 | | 1,099 | | - | | - | | 2,694 | | | Substandard (8) | - | | - | | - | | 196 | | 401 | | - | | - | | - | | 597 | | | Total | $ | 9,417 | | $ | 15,336 | | $ | 6,901 | | $ | 12,499 | | $ | 45,320 | | $ | 96,351 | | $ | - | | $ | - | | $ | 185,824 | | | Current period gross charge-off | - | | - | | - | | - | | - | | | - | | - | | - | | | | | | | | | | | | | Commercial business | | | | | | | | | | | Pass (1-6) | $ | 13,736 | | $ | 36,974 | | $ | 13,361 | | $ | 9,147 | | $ | 9,917 | | $ | 6,255 | | $ | - | | $ | - | | $ | 89,390 | | | Special Mention (7) | 99 | | 1,314 | | 60 | | 958 | | 825 | | 215 | | - | | - | | 3,471 | | | Substandard (8) | - | | - | | 174 | | 894 | | 30 | | 201 | | - | | - | | 1,299 | | | Total | $ | 13,835 | | $ | 38,288 | | $ | 13,595 | | $ | 10,999 | | $ | 10,772 | | $ | 6,671 | | $ | - | | $ | - | | $ | 94,160 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Consumer | | | | | | | | | | | Pass (1-6) | $ | 119 | | $ | 57 | | $ | 50 | | $ | 59 | | $ | 15 | | $ | 10 | | $ | - | | $ | - | | $ | 310 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 119 | | $ | 57 | | $ | 50 | | $ | 59 | | $ | 15 | | $ | 10 | | $ | - | | $ | - | | $ | 310 | | | Current period gross charge-off | (14) | | - | | - | | - | | - | | - | | - | | - | | (14) | | | | | | | | | | | | | Manufactured homes | | | | | | | | | | | Pass (1-6) | $ | - | | $ | - | | $ | - | | $ | - | | $ | 1,717 | | $ | 21,174 | | $ | - | | $ | - | | $ | 22,891 | | | Special Mention (7) | - | | - | | - | | - | | - | | - | | - | | - | | $ | - | | | Substandard (8) | - | | - | | - | | - | | - | | 90 | | - | | - | | 90 | | | Total | $ | - | | $ | - | | $ | - | | $ | - | | $ | 1,717 | | $ | 21,264 | | $ | - | | $ | - | | $ | 22,981 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Government | | | | | | | | | | | Pass (1-6) | $ | - | | $ | 4,330 | | $ | 1,180 | | $ | - | | $ | 844 | | $ | 3,644 | | $ | - | | $ | - | | $ | 9,998 | | | Total | $ | - | | $ | 4,330 | | $ | 1,180 | | $ | - | | $ | 844 | | $ | 3,644 | | $ | - | | $ | - | | $ | 9,998 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Revolving | Revolving
Converted to
Term | Total | | Total Loans Receivable | $ | 132,738 | | $ | 125,371 | | $ | 125,504 | | $ | 257,065 | | $ | 260,859 | | $ | 438,852 | | $ | 106,883 | | $ | 1,552 | | $ | 1,448,824 | | | Total current period gross charge-off | $ | (202) | | $ | - | | $ | (44) | | $ | - | | $ | (13) | | $ | (496) | | $ | - | | $ | - | | (755) | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | Pass (1-6) | $ | 12,570 | | $ | 19,139 | | $ | 26,559 | | $ | 80,834 | | $ | 93,636 | | $ | 196,415 | | $ | 2,477 | | $ | - | | $ | 431,630 | | | Special Mention (7) | - | | - | | 619 | | 1,464 | | 1,063 | | 1,651 | | - | | - | | 4,797 | | | Substandard (8) | 296 | | 74 | | 887 | | 1,475 | | 430 | | 2,854 | | - | | - | | 6,016 | | | Total | $ | 12,866 | | $ | 19,213 | | $ | 28,065 | | $ | 83,773 | | $ | 95,129 | | $ | 200,920 | | $ | 2,477 | | $ | - | | $ | 442,443 | | | Current period gross charge-off | - | | - | | - | | - | | (13) | | - | | - | | - | | (13) | | | | | | | | | | | | | Home equity | | | | | | | | | | | Pass (1-6) | $ | 766 | | $ | 92 | | $ | 41 | | $ | 232 | | $ | 49 | | $ | 2,086 | | $ | 47,926 | | $ | 1,187 | | $ | 52,379 | | | Special Mention (7) | - | | - | | 7 | | - | | - | | 59 | | 45 | | 194 | | 305 | | | Substandard (8) | - | | 24 | | - | | - | | 20 | | 181 | | 417 | | 171 | | 813 | | | Total | $ | 766 | | $ | 116 | | $ | 48 | | $ | 232 | | $ | 69 | | $ | 2,326 | | $ | 48,388 | | $ | 1,552 | | $ | 53,497 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | Pass (1-6) | $ | 58,029 | | $ | 65,768 | | $ | 62,929 | | $ | 111,515 | | $ | 78,531 | | $ | 160,344 | | $ | 3,717 | | $ | - | | $ | 540,833 | | | Special Mention (7) | 25 | | 410 | | 2,214 | | 2,865 | | 3,403 | | 4,283 | | - | | - | | 13,200 | | | Substandard (8) | - | | - | | 208 | | 221 | | - | | 1,132 | | - | | - | | 1,561 | | | Total | $ | 58,054 | | $ | 66,178 | | $ | 65,351 | | $ | 114,601 | | $ | 81,934 | | $ | 165,759 | | $ | 3,717 | | $ | - | | $ | 555,594 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Construction and land development | | | | | | | | | | | Pass (1-6) | $ | 36,388 | | $ | 19,226 | | $ | 12,795 | | $ | 2,288 | | $ | 1,074 | | $ | 753 | | $ | 1,893 | | $ | - | | $ | 74,417 | | | Special Mention (7) | - | | - | | - | | 129 | | 428 | | - | | - | | - | | 557 | | | Substandard (8) | - | | - | | 939 | | 60 | | 1,235 | | - | | - | | - | | 2,234 | | | Total | $ | 36,388 | | $ | 19,226 | | $ | 13,734 | | $ | 2,477 | | $ | 2,737 | | $ | 753 | | $ | 1,893 | | $ | - | | $ | 77,208 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Multifamily | | | | | | | | | | | Pass (1-6) | $ | 12,249 | | $ | 6,289 | | $ | 11,215 | | $ | 44,804 | | $ | 64,357 | | $ | 40,791 | | $ | 644 | | $ | - | | $ | 180,349 | | | Special Mention (7) | - | | - | | - | | 756 | | 374 | | 1,727 | | - | | - | | 2,857 | | | Substandard (8) | - | | - | | 200 | | 409 | | - | | 87 | | - | | - | | 696 | | | Total | $ | 12,249 | | $ | 6,289 | | $ | 11,415 | | $ | 45,969 | | $ | 64,731 | | $ | 42,605 | | $ | 644 | | $ | - | | $ | 183,902 | | | Current period gross charge-off | - | | - | | - | | - | | - | | (201) | | - | | - | | (201) | | | | | | | | | | | | | Commercial business | | | | | | | | | | | Pass (1-6) | $ | 6,601 | | $ | 11,813 | | $ | 5,661 | | $ | 7,121 | | $ | 4,595 | | $ | 10,980 | | $ | 48,326 | | $ | - | | $ | 95,097 | | | Special Mention (7) | 299 | | 61 | | 260 | | 62 | | 18 | | 737 | | 1,331 | | - | | 2,768 | | | Substandard (8) | - | | 87 | | 898 | | 34 | | 124 | | 189 | | 107 | | - | | 1,439 | | | Total | $ | 6,900 | | $ | 11,961 | | $ | 6,819 | | $ | 7,217 | | $ | 4,737 | | $ | 11,906 | | $ | 49,764 | | $ | - | | $ | 99,304 | | | Current period gross charge-off | (158) | | - | | (44) | | - | | - | | (293) | | - | | - | | (495) | | | | | | | | | | | | | Consumer | | | | | | | | | | | Pass (1-6) | $ | 705 | | $ | 58 | | $ | 72 | | $ | 19 | | $ | 16 | | $ | - | | $ | - | | $ | - | | $ | 870 | | | Substandard (8) | - | | - | | - | | - | | - | | - | | - | | - | | - | | | Total | $ | 705 | | $ | 58 | | $ | 72 | | $ | 19 | | $ | 16 | | $ | - | | $ | - | | $ | - | | $ | 870 | | | Current period gross charge-off | (44) | | - | | - | | - | | - | | (2) | | - | | - | | (46) | | | | | | | | | | | | | Manufactured homes | | | | | | | | | | | Pass (1-6) | $ | - | | $ | - | | $ | - | | $ | 1,733 | | $ | 10,383 | | $ | 11,493 | | $ | - | | $ | - | | $ | 23,609 | | | Special Mention (7) | - | | - | | - | | - | | - | | 28 | | - | | - | | 28 | | | Substandard (8) | - | | - | | - | | - | | 46 | | 25 | | - | | - | | 71 | | | Total | $ | - | | $ | - | | $ | - | | $ | 1,733 | | $ | 10,429 | | $ | 11,546 | | $ | - | | $ | - | | $ | 23,708 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | | | | | | | | | | | | | Government | | | | | | | | | | | Pass (1-6) | $ | 4,810 | | $ | 2,330 | | $ | - | | $ | 1,044 | | $ | 1,077 | | $ | 3,037 | | $ | - | | $ | - | | $ | 12,298 | | | Total | $ | 4,810 | | $ | 2,330 | | $ | - | | $ | 1,044 | | $ | 1,077 | | $ | 3,037 | | $ | - | | $ | - | | $ | 12,298 | | | Current period gross charge-off | - | | - | | - | | - | | - | | - | | - | | - | | - | |
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| Schedule of Financing Receivable, Modified |
The following table shows the amortized cost basis of loans at March 31, 2026 and March 31, 2025, that were both experiencing financial difficulty and modified during the three months ended March 31, 2026 and March 31, 2025, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financing receivable is also presented below. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | (Dollars in thousands) | | Payment
Delay | | Term
Extension | | Interest
Rate
Reduction | | Combination
Term Extension
and Interest Rate
Reduction | | % of Total
Segment
Financing
Receivables | | Residential real estate | | $ | 676 | | | $ | 1,402 | | | $ | - | | | $ | - | | | 0.47 | % | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | (Dollars in thousands) | | Payment
Delay | | Term
Extension | | Interest
Rate
Reduction | | Combination
Term Extension
and Interest Rate
Reduction | | % of Total
Segment
Financing
Receivables | | Residential real estate | | $ | - | | | $ | 172 | | | $ | - | | | $ | - | | | 0.04 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
There were no commitments to lend additional amounts to the borrowers included in the previous tables. The borrowers with term extension have had their payments deferred which resulted in payment relief or maturity dates extended and as a result their monthly payments were reduced or had payments added to the end of the loan which resulted in payment relief. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | | | (Dollars in thousands) | | Principal Forgiveness | | Weighted average interest rate reduction | | Weighted average term extension (months) | | Payment delay
(months) | | | | | | | | | | | | | | | Residential real estate | | $ | - | | | — | % | | 3 | | 8 | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | (Dollars in thousands) | | Principal Forgiveness | | Weighted average interest rate reduction | | Weighted average term extension (months) | | Payment delay
(months) | | Residential real estate | | $ | - | | | — | % | | 7 | | 0 | | | | | | | | | |
The Company closely monitors the performance of loans that have been modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables present the performance of such loans in the twelve months following modification. | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | (Dollars in thousands) | Current | | 30-59 Days
Past Due | | 60-89 Days
Past Due | | Greater Than 90
Days Past Due | | Residential real estate | $ | 1,834 | | | $ | - | | | $ | - | | | $ | - | | | | | | | | | | | Commercial real estate | - | | | 389 | | | - | | | - | | | | | | | | | | | | | | | | | | | Total | $ | 1,834 | | | $ | 389 | | | $ | - | | | $ | - | |
| | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | (Dollars in thousands) | Current | | 30-59 Days
Past Due | | 60-89
Days Past
Due | | Greater Than 90
Days Past Due | | Residential real estate | $ | 644 | | | $ | 344 | | | $ | 125 | | | $ | 192 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 644 | | | $ | 344 | | | $ | 125 | | | $ | 192 | |
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| Schedule of Accretable Yield from Financing Receivables |
Accretable yield, or income recorded for the three months ended March 31, is as follows: | | | | | | | (Dollars in thousands) | Total | | 2025 | $ | 230 | | | 2026 | 183 | |
Accretable yield, or income expected to be recorded in the future is as follows: | | | | | | | (Dollars in thousands) | Total | | Remainder of 2026 | $ | 306 | | | 2027 | 291 | | | 2028 | 276 | | | 2029 | 242 | | | 2030 | 235 | | | 2031 and thereafter | 1,977 | | | Total | $ | 3,327 | |
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| Schedule of Financing Receivable, Allowance for Credit Loss |
The Company's activity in the allowance for credit losses, by loan segment, is summarized below for the three months ended March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Beginning Balance | | Charge-offs | | Recoveries | | Provisions | | Ending Balance | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | Residential real estate | $ | 2,757 | | | $ | (5) | | | $ | 21 | | | $ | 263 | | | $ | 3,036 | | | Home equity | 688 | | | - | | | - | | | (6) | | | 682 | | | Commercial real estate | 9,152 | | | - | | | - | | | (522) | | | 8,630 | | | Construction and land development | 1,114 | | | - | | | - | | | 547 | | | 1,661 | | | Multifamily | 2,078 | | | - | | | - | | | 3 | | | 2,081 | | | Commercial business | 1,583 | | | - | | | - | | | (518) | | | 1,065 | | | Consumer | 2 | | | (14) | | | 1 | | | 12 | | | 1 | | | Manufactured homes | 116 | | | - | | | - | | | 9 | | | 125 | | | Government | 16 | | | - | | | - | | | (12) | | | 4 | | | Total | $ | 17,506 | | | $ | (19) | | | $ | 22 | | | $ | (224) | | | $ | 17,285 | |
The Company's activity in the allowance for credit losses, by loan segment, is summarized below for the three months ended March 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Beginning Balance | | Charge-offs | | Recoveries | | Provisions | | Ending Balance | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | Residential real estate | $ | 4,481 | | | $ | - | | | $ | 16 | | | $ | (2,055) | | | $ | 2,442 | | | Home equity | 835 | | | - | | | - | | | (213) | | | 622 | | | Commercial real estate | 6,444 | | | - | | | 4 | | | 3,209 | | | 9,657 | | | Construction and land development | 2,651 | | | - | | | - | | | (1,007) | | | 1,644 | | | Multifamily | 1,003 | | | (46) | | | 10 | | | 1,225 | | | 2,192 | | | Commercial business | 1,185 | | | (61) | | | 55 | | | 55 | | | 1,234 | | | Consumer | 5 | | | (12) | | | 1 | | | 9 | | | 3 | | | Manufactured homes | 252 | | | - | | | - | | | (123) | | | 129 | | | Government | 55 | | | - | | | - | | | (23) | | | 32 | | | Total | $ | 16,911 | | | $ | (119) | | | $ | 86 | | | $ | 1,077 | | | $ | 17,955 | |
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| Schedule of Collateral Dependent Loans |
The table below presents the amortized cost basis of collateral dependent loans, including loans evaluated individually and collectively, and the related ACL allocation, where applicable, in accordance with ASC 326. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | March 31, 2026 | | | | | Real Estate | | Equipment/Inventory | | Accounts Receivable | | Vehicles | | Total | | ACL Allocation | | Residential real estate | | $ | 6,797 | | | $ | - | | | $ | - | | | $ | - | | | $ | 6,797 | | | $ | - | | | Home equity | | 761 | | | - | | | - | | | - | | | 761 | | | - | | | Commercial real estate | | 2,234 | | | - | | | - | | | - | | | 2,234 | | | - | | | Construction and land development | | 593 | | | - | | | - | | | - | | | 593 | | | - | | | Multifamily | | 597 | | | - | | | - | | | - | | | 597 | | | - | | | Commercial business | | - | | | 1,126 | | | 137 | | | 36 | | | 1,299 | | | - | | | Manufactured homes | | 90 | | | - | | | - | | | - | | | 90 | | | - | | | Total | | $ | 11,072 | | | $ | 1,126 | | | $ | 137 | | | $ | 36 | | | $ | 12,371 | | | $ | - | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | December 31, 2025 | | | | | | | | | | | | | | | | | | Real Estate | | Equipment/Inventory | | Accounts Receivable | | Vehicles | | Total | | ACL Allocation | | Residential real estate | | $ | 2,185 | | | $ | - | | | $ | - | | | $ | - | | | $ | 2,185 | | | $ | 39 | | | | | | | | | | | | | | | | Home equity | | 4 | | | - | | | - | | | - | | | 4 | | | - | | | Commercial real estate | | 1,561 | | | - | | | - | | | - | | | 1,561 | | | 86 | | | Construction and land development | | 2,234 | | | - | | | - | | | - | | | 2,234 | | | - | | | Multifamily | | 696 | | | - | | | - | | | - | | | 696 | | | - | | | Commercial business | | - | | | 1,267 | | | 130 | | | 42 | | | 1,439 | | | 138 | | | Total | | $ | 6,680 | | | $ | 1,267 | | | $ | 130 | | | $ | 42 | | | $ | 8,119 | | | $ | 263 | |
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| Schedule of Financing Receivable, Nonaccrual |
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans: | | | | | | | | | | | | | | | | As of March 31, 2026 | Nonaccrual with
No Allowance for
Credit Loss | Nonaccrual with
Allowance for
Credit Loss | Nonaccrual Loans
in Total | Loans Past Due
over 90 Days Still
Accruing | | Residential real estate | $ | - | | $ | 6,797 | | $ | 6,797 | | $ | - | | | Home equity | - | | 761 | | 761 | | - | | | Commercial real estate | 1,432 | | 802 | | 2,234 | | - | | | Construction and land development | 593 | | - | | 593 | | - | | | Multifamily | 402 | | 195 | | 597 | | - | | | Commercial business | 945 | | 354 | | 1,299 | | - | | | | | | | | Manufactured homes | - | | 90 | | 90 | | - | | | | | | | | Total | $ | 3,372 | | $ | 8,999 | | $ | 12,371 | | $ | - | |
| | | | | | | | | | | | | | | | As of December 31, 2025 | Nonaccrual with
No Allowance for
Credit Loss | Nonaccrual with
Allowance for
Credit Loss | Nonaccrual Loans
in Total | Loans Past Due
over 90 Days Still
Accruing | | Residential real estate | $ | 1,873 | | $ | 4,059 | | $ | 5,932 | | $ | - | | | Home equity | - | | 810 | | 810 | | - | | | Commercial real estate | 1,158 | | 403 | | 1,561 | | - | | | Construction and land development | 653 | | - | | 653 | | - | | | Multifamily | 696 | | - | | 696 | | - | | | Commercial business | 391 | | 1,048 | | 1,439 | | - | | | | | | | | Manufactured homes | - | | 71 | | 71 | | - | | | | | | | | Total | $ | 4,771 | | $ | 6,391 | | $ | 11,162 | | $ | - | |
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| Schedule of Changes in Liability for Credit Loss on Unfunded Commitments |
The following table shows the changes in the liability for credit losses on unfunded loan commitments. | | | | | | | | | | | | | (Dollars in thousands) | Three months ended,
March 31, 2026 | | Three months ended,
March 31, 2025 | | Balance, beginning of period | $ | 1,752 | | | $ | 2,739 | | | | | | | Provision for (benefit from) unfunded loan commitments | 279 | | | (623) | | | Balance, end of period | $ | 2,031 | | | $ | 2,116 | |
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