v3.26.1
Allowance For Credit Losses (Tables)
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Financing Receivable, Allowance for Credit Loss
The following tables summarize the activity in the allowance for credit losses, by portfolio loan classification, for the three and six months ended June 30, 2026 and 2025 (in thousands).  The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments.
Beginning BalanceCharge-offsRecoveriesProvision for (recovery of) credit lossesEnding Balance
Six months ended June 30, 2026
Commercial and industrial$3,083 $(119)$75 $268 $3,307 
   1-4 Family1,426 (7)23 80 1,522 
   Hotels2,009  220 (289)1,940 
   Multi-family1,238   403 1,641 
   Non Residential Non-Owner Occupied3,102  335 (567)2,870 
   Non Residential Owner Occupied1,777 (850)100 805 1,832 
Commercial real estate9,552 (857)678 432 9,805 
Residential real estate5,909 (281)39 260 5,927 
Home equity608 (108)162 (41)621 
Consumer177 (168)40 130 179 
$19,329 $(1,533)$994 $1,049 $19,839 
Beginning BalanceCharge-offsRecoveries(Recovery of) provision for credit lossesEnding Balance
Six months ended June 30, 2025
Commercial and industrial$4,541 $(30)$52 $(1,553)$3,010 
  1-4 Family1,366 — 33 (9)1,390 
  Hotels2,355 (220)— (1)2,134 
  Multi-family1,390 — — 28 1,418 
  Non Residential Non-Owner Occupied3,001 — 48 81 3,130 
  Non Residential Owner Occupied1,725 — — 29 1,754 
Commercial real estate9,837 (220)81 128 9,826 
Residential real estate5,731 (49)50 (286)5,446 
Home equity643 (98)100 (97)548 
Consumer381 (165)34 21 271 
$21,133 $(562)$317 $(1,787)$19,101 
Beginning BalanceCharge-offsRecoveriesProvision for (recovery of) credit lossesEnding Balance
Three months ended June 30, 2026
Commercial and industrial$3,035 $(115)$70 $317 $3,307 
  1-4 Family1,522 (1)8 (7)1,522 
  Hotels1,945   (5)1,940 
  Multi-family1,209   432 1,641 
  Non Residential Non-Owner Occupied3,086  335 (551)2,870 
  Non Residential Owner Occupied1,811  100 (79)1,832 
Commercial real estate9,573 (1)443 (210)9,805 
Residential real estate5,844 (147)9 221 5,927 
Home equity598 (46)72 (3)621 
Consumer145 (97)20 111 179 
$19,195 $(406)$614 $436 $19,839 
Beginning BalanceCharge-offsRecoveries(Recovery of) provision for credit lossesEnding Balance
Three months ended June 30, 2025
Commercial and industrial$4,761 $— $15 $(1,766)$3,010 
1-4 Family1,420 — (36)1,390 
Hotels2,130 — — 2,134 
Multi-family1,409 — — 1,418 
Non Residential Non-Owner Occupied3,156 — 45 (71)3,130 
Non Residential Owner Occupied1,780 — — (26)1,754 
Commercial real estate9,895 — 51 (120)9,826 
Residential real estate5,420 (49)49 26 5,446 
Home equity593 (97)96 (44)548 
Consumer287 (36)25 (5)271 
$20,956 $(182)$236 $(1,909)$19,101 
Financing Receivable, Nonaccrual
The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of June 30, 2026 (in thousands):

Non-accrual With NoNon-accrual WithLoans Past Due
Allowance forAllowance forOver 90 Days
Credit LossesCredit LossesStill Accruing
Commercial & Industrial$352 $25 $ 
   1-4 Family 429  
   Hotels   
   Multi-family   
   Non Residential Non-Owner Occupied 37  
   Non Residential Owner Occupied4,530 1,326  
Commercial Real Estate4,530 1,792  
Residential Real Estate 3,186 60 
Home Equity 132 22 
Consumer   
Total$4,882 $5,135 $82 
The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of December 31, 2025 (in thousands):

Non-accrual With NoNon-accrual WithLoans Past Due
Allowance forAllowance forOver 90 Days
Credit LossesCredit LossesStill Accruing
Commercial & Industrial$427 $130 $— 
   1-4 Family— 136 — 
   Hotels1,422 — — 
   Multi-family— — — 
   Non Residential Non-Owner Occupied— 234 — 
   Non Residential Owner Occupied5,505 1,151 — 
Commercial Real Estate6,927 1,521 — 
Residential Real Estate— 4,497 109 
Home Equity— 308 — 
Consumer— — — 
Total$7,354 $6,456 $109 
Financing Receivable, Past Due
The following tables present the aging of the amortized cost basis in past-due loans as of June 30, 2026 and December 31, 2025 by class of loan (in thousands):
June 30, 2026
30-5960-8990+TotalCurrentNon-Total
Past DuePast DuePast DuePast DueLoansaccrualLoans
Commercial and industrial$ $ $ $ $453,745 $377 $454,122 
   1-4 Family131   131 222,741 429 223,301 
   Hotels    396,079  396,079 
   Multi-family    231,946  231,946 
   Non Residential Non-Owner Occupied    765,321 37 765,358 
   Non Residential Owner Occupied401   401 247,214 5,856 253,471 
Commercial real estate532   532 1,863,301 6,322 1,870,155 
Residential real estate6,512 711 60 7,283 1,896,065 3,186 1,906,534 
Home Equity633 55 22 710 230,215 132 231,057 
Consumer118 2  120 39,786  39,906 
Total$7,795 $768 $82 $8,645 $4,483,112 $10,017 $4,501,774 

December 31, 2025
30-5960-8990+TotalCurrentNon-Total
Past DuePast DuePast DuePast DueLoansaccrualLoans
Commercial and industrial$279 $— $— $279 $453,139 $557 $453,975 
   1-4 Family— — 210,089 136 210,232 
   Hotels— — — — 397,186 1,422 398,608 
   Multi-family— — — — 237,424 — 237,424 
   Non Residential Non-Owner Occupied193 — — 193 767,153 234 767,580 
   Non Residential Owner Occupied91 — — 91 246,651 6,656 253,398 
Commercial real estate291 — — 291 1,858,503 8,448 1,867,242 
Residential real estate5,652 700 109 6,461 1,899,102 4,497 1,910,060 
Home Equity715 57 — 772 223,621 308 224,701 
Consumer308 — — 308 47,045 — 47,353 
Total$7,245 $757 $109 $8,111 $4,481,410 $13,810 $4,503,331 
Financing Receivable, Credit Quality Indicators
Based on the most recent analysis performed, the risk category of loans by class of loans at June 30, 2026 and December 31, 2025 is as follows (in thousands):

Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial and industrial
Pass$39,264 $59,874 $39,890 $41,023 $14,201 $74,296 $151,756 $420,304 
Special mention145 22 68 2 50  100 387 
Substandard  881 203 847 24,745 6,755 33,431 
Total$39,409 $59,896 $40,839 $41,228 $15,098 $99,041 $158,611 $454,122 
YTD Gross Charge-offs$ $31 $30 $10 $ $30 $18 $119 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial and industrial
Pass$60,202 $56,657 $48,193 $20,197 $53,099 $45,845 $162,715 $446,908 
Special mention— 70 — — — 97 170 
Substandard31 131 129 863 42 1,876 3,825 6,897 
Total$60,233 $56,858 $48,325 $21,060 $53,141 $47,721 $166,637 $453,975 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial real estate -
1-4 Family
Pass$29,695 $41,247 $25,328 $21,349 $31,597 $56,238 $11,956 $217,410 
Special mention 196   1,310 874  2,380 
Substandard 120 297  1,772 1,322  3,511 
Total$29,695 $41,563 $25,625 $21,349 $34,679 $58,434 $11,956 $223,301 
YTD Gross Charge-offs$ $ $ $ $ $7 $ $7 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial real estate -
1-4 Family
Pass$45,278 $28,636 $22,740 $33,247 $24,891 $38,622 $11,332 $204,746 
Special mention198 — — 1,313 — 552 — 2,063 
Substandard124 156 — 1,791 402 950 — 3,423 
Total$45,600 $28,792 $22,740 $36,351 $25,293 $40,124 $11,332 $210,232 

Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial real estate -
Hotels
Pass$20,941 $64,855 $45,492 $39,280 $72,328 $125,229 $2,709 $370,834 
Special mention     3,298  3,298 
Substandard     21,947  21,947 
Total$20,941 $64,855 $45,492 $39,280 $72,328 $150,474 $2,709 $396,079 
YTD Gross Charge-offs$ $ $ $ $ $ $ $ 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial real estate -
Hotels
Pass$65,210 $46,074 $40,372 $74,317 $27,289 $118,006 $223 $371,491 
Special mention— — — — — 3,405 — 3,405 
Substandard— — — — — 23,712 — 23,712 
Total$65,210 $46,074 $40,372 $74,317 $27,289 $145,123 $223 $398,608 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial real estate -
Multi-family
Pass$9,986 $33,672 $58,715 $5,346 $14,352 $106,115 $1,686 $229,872 
Special mention        
Substandard    530 1,544  2,074 
Total$9,986 $33,672 $58,715 $5,346 $14,882 $107,659 $1,686 $231,946 
YTD Gross Charge-offs$ $ $ $ $ $ $ $ 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial real estate -
Multi-family
Pass$40,029 $58,642 $6,130 $14,573 $18,000 $97,497 $1,572 $236,443 
Special mention— — — — — — — — 
Substandard— — — 534 447 — — 981 
Total$40,029 $58,642 $6,130 $15,107 $18,447 $97,497 $1,572 $237,424 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial real estate -
Non Residential Non-Owner Occupied
Pass$54,366 $121,225 $88,179 $105,457 $108,734 $280,884 $2,236 $761,081 
Special mention 524    241  765 
Substandard542     2,970  3,512 
Total$54,908 $121,749 $88,179 $105,457 $108,734 $284,095 $2,236 $765,358 
YTD Gross Charge-offs$ $ $ $ $ $ $ $ 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial real estate -
Non Residential Non-Owner Occupied
Pass$123,220 $85,038 $106,086 $110,438 $83,342 $224,742 $6,963 $739,829 
Special mention532 — — 543 82 23,388 — 24,545 
Substandard— — — — 133 3,073 — 3,206 
Total$123,752 $85,038 $106,086 $110,981 $83,557 $251,203 $6,963 $767,580 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial real estate -
Non Residential Owner Occupied
Pass$11,794 $46,874 $19,615 $36,975 $27,176 $88,727 $5,313 $236,474 
Special mention 78  345  432  855 
Substandard 56 450 4,265 749 10,257 365 16,142 
Total$11,794 $47,008 $20,065 $41,585 $27,925 $99,416 $5,678 $253,471 
YTD Gross Charge-offs$ $ $ $ $ $850 $ $850 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial real estate -
Non Residential Owner Occupied
Pass$49,404 $20,878 $41,108 $27,864 $33,863 $57,089 $4,188 $234,394 
Special mention82 — 350 — — 1,904 — 2,336 
Substandard— 456 3,536 1,052 794 10,477 353 16,668 
Total$49,486 $21,334 $44,994 $28,916 $34,657 $69,470 $4,541 $253,398 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Commercial real estate -
Total
Pass$126,782 $307,873 $237,330 $208,407 $254,186 $657,193 $23,900 $1,815,671 
Special mention 798  345 1,310 4,846  7,299 
Substandard542 176 747 4,265 3,051 38,039 365 47,185 
Total$127,324 $308,847 $238,077 $213,017 $258,547 $700,078 $24,265 $1,870,155 
YTD Gross Charge-offs$ $ $ $ $ $857 $ $857 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Commercial real estate -
Total
Pass$323,141 $239,267 $216,436 $260,438 $187,384 $535,957 $24,277 $1,786,900 
Special mention812 — 350 1,857 82 29,249 — 32,350 
Substandard124 613 3,536 3,378 1,776 38,212 353 47,992 
Total$324,077 $239,880 $220,322 $265,673 $189,242 $603,418 $24,630 $1,867,242 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Residential real estate
Performing$102,545 $277,646 $184,662 $167,024 $302,459 $794,698 $74,314 $1,903,348 
Non-performing303 96  77 120 2,510 80 3,186 
Total$102,848 $277,742 $184,662 $167,101 $302,579 $797,208 $74,394 $1,906,534 
YTD Gross Charge-offs$ $ $ $ $30 $251 $ $281 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Residential real estate
Performing$287,972 $199,389 $183,010 $317,677 $256,267 $590,122 $71,126 $1,905,563 
Non-performing$157 $111 $846 $43 $478 $2,777 $85 $4,497 
Total$288,129 $199,500 $183,856 $317,720 $256,745 $592,899 $71,211 $1,910,060 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Home equity
Performing$13,673 $28,628 $24,136 $17,566 $7,945 $9,294 $129,683 $230,925 
Non-performing      132 132 
Total$13,673 $28,628 $24,136 $17,566 $7,945 $9,294 $129,815 $231,057 
YTD Gross Charge-offs$ $ $ $ $ $ $108 $108 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Home equity
Performing$30,143 $26,449 $19,898 $9,319 $3,813 $6,764 $128,007 $224,393 
Non-performing— — — — — — 308 308 
Total$30,143 $26,449 $19,898 $9,319 $3,813 $6,764 $128,315 $224,701 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
June 30, 2026
20262025202420232022PriorCost BasisTotal
Consumer
Performing$5,685 $9,081 $7,365 $9,523 $4,718 $1,139 $2,395 $39,906 
Non-performing        
Total$5,685 $9,081 $7,365 $9,523 $4,718 $1,139 $2,395 $39,906 
YTD Gross Charge-offs$ $29 $48 $29 $ $56 $6 $168 
Revolving
Term LoansLoans
Amortized Cost Basis by Origination Year and Risk LevelAmortized
December 31, 2025
20252024202320222021PriorCost BasisTotal
Consumer
Performing$13,622 $9,475 $12,776 $6,541 $1,127 $1,301 $2,511 $47,353 
Non-performing— — — — — — — — 
Total$13,622 $9,475 $12,776 $6,541 $1,127 $1,301 $2,511 $47,353