Loans (Tables)

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Summary of Classification of Loans by Class

The following table sets forth the classification of loans by class, including unearned fees and deferred costs and excluding the allowance for credit losses as of June 30, 2026 and December 31, 2025:


(In thousands)		June 30, 2026				December 31, 2025
SBA loans held for investment			35,816				34,259
Commercial loans
SBA 504			44,353				43,802
Commercial & industrial			191,787				183,163
Commercial real estate2			1,413,112				1,291,067
Commercial construction loans			128,628				147,215
Residential mortgage loans			668,502				677,221
Consumer loans
Home equity			92,175				82,488
Consumer other			2,582				2,731
Residential construction loans			96,081				73,277
Total loans held for investment		$	2,673,036			$	2,535,223
Loans held for sale1			9,458				9,490
Total loans		$	2,682,494			$	2,544,713

1Loans held for sale included SBA and residential mortgage loans of $2.9 million and $6.6 million as of June 30, 2026, respectively. Loans held for sale included SBA and residential mortgage loans of $8.0 million and $1.5 million as of December 31, 2025, respectively.

2Commercial real estate includes Commercial Mortgage – Owner Occupied, Commercial Mortgage – Nonowner Occupied and Commercial Mortgage – Other. Commercial Mortgage – Other primarily includes multifamily and land loans.

Schedule of Aging Analysis of Past Due and Nonaccrual Loans by Loan Class

The following tables set forth an aging analysis of past due and nonaccrual loans as of June 30, 2026 and December 31, 2025:


		June 30, 2026
										90+ days
		30‑59 days				60‑89 days				and still								Total
(In thousands)		past due				past due				accruing				Nonaccrual				past due				Current				Total loans
SBA loans held for investment		$	—			$	853			$	—			$	1,616			$	2,469			$	33,347			$	35,816
Commercial loans
SBA 504		—				—				—				—				—					44,353				44,353
Commercial & industrial			3			—				—					211				214				191,573				191,787
Commercial real estate			5,470				1,380			—					17,532				24,382				1,300,358				1,324,740
Commercial other			—				—				—				—				—				88,373				88,373
Commercial real estate construction		—				—				—				—				—					128,628				128,628
Residential mortgage loans			8,711				1,888			—					10,290				20,889				647,613				668,502
Consumer loans
Home equity			3,918				207			—					2,926				7,051				85,124				92,175
Consumer other			2			—				—				—					2				2,580				2,582
Residential construction loans		—				—				—					442				442				95,639				96,081
Total loans held for investment			18,104				4,328			—					33,017				55,449				2,617,587				2,673,036
Loans held for sale		—				—				—				—				—					9,458				9,458
Total loans		$	18,104			$	4,328			$	—			$	33,017			$	55,449			$	2,627,045			$	2,682,494


		December 31, 2025
										90+ days
		30‑59 days				60‑89 days				and still								Total
(In thousands)		past due				past due				accruing				Nonaccrual				past due				Current				Total loans
SBA loans held for investment		$	730			$	68			$	—			$	1,751			$	2,549			$	31,710			$	34,259
Commercial loans
SBA 504			—			—				—				—					—				43,802				43,802
Commercial & industrial			401				—			—					1,240				1,641				181,522				183,163
Commercial real estate			6,463				150			—					17,233				23,846				1,168,535				1,192,381
Commercial other			—				—				—				—				—				98,686				98,686
Commercial construction loans			—				—			—				—					—				147,215				147,215
Residential mortgage loans			8,538				7,568				—				8,173				24,279				652,942				677,221
Consumer loans
Home equity			2,507				240				—				1,268				4,015				78,473				82,488
Consumer other			4				—			—					—				4				2,727				2,731
Residential construction loans			—				—				—				171				171				73,106				73,277
Total loans held for investment			18,643				8,026				—				29,836				56,505				2,478,718				2,535,223
Loans held for sale			—				—				—				—				—				9,490				9,490
Total loans		$	18,643			$	8,026			$	—			$	29,836			$	56,505			$	2,488,208			$	2,544,713

Schedule of Individually Evaluated Loans with Associated Allowance Amount

The following tables provide detail on the Company’s loans individually evaluated in the Company’s Current Expected Credit Losses (“CECL”) evaluation with the associated allowance amount, if applicable, as of June 30, 2026 and December 31, 2025:


		June 30, 2026
		Unpaid								Allowance for
		principal				Recorded				Credit Losses
(In thousands)		balance				investment				Allocated
With no related allowance:
SBA loans held for investment		$	2,704			$	1,616			$	—
Commercial loans
Commercial & industrial			543				211				—
Commercial real estate			17,627				17,532				—
Total commercial loans			18,170				17,743				—
Residential mortgage loans			10,336				10,290				—
Consumer loans
Home equity			3,164				2,926				—
Total consumer loans			3,164				2,926				—
Residential construction loans			487				442				—
Total individually evaluated loans with no related allowance			34,861				33,017				—

Total individually evaluated loans:
SBA loans held for investment			2,704				1,616				—
Commercial loans
Commercial & industrial			543				211				—
Commercial real estate			17,627				17,532				—
Total commercial loans			18,170				17,743				—
Residential mortgage loans			10,336				10,290				—
Consumer loans
Home equity			3,164				2,926				—
Total consumer loans			3,164				2,926				—
Residential construction loans			487				442				—
Total individually evaluated loans		$	34,861			$	33,017			$	—

As of June 30, 2026, there was no allowance for credit losses on individually evaluated loans based upon the valuation of the collateral securing each loan.


		December 31, 2025
		Unpaid								Allowance for
		principal				Recorded				Credit Losses
(In thousands)		balance				investment				Allocated
With no related allowance:
SBA loans held for investment		$	1,355			$	1,163			$	—
Commercial loans
Commercial & industrial			1,468				1,156				—
Commercial real estate			17,235				17,233				—
Total commercial loans			18,703				18,389				—
Residential mortgage loans			5,704				5,494				—
Consumer loans
Home equity			1,292				1,268				—
Total consumer loans			1,292				1,268				—
Total individually evaluated loans with no related allowance			27,054				26,314				—

With an allowance:
SBA loans held for investment			1,504				588				3
Commercial loans
Commercial & industrial			91				84				84
Total commercial loans			91				84				84
Residential mortgage loans			2,725				2,679				15
Residential construction loans			171				171				44
Total individually evaluated loans with a related allowance			4,491				3,522				146

Total individually evaluated loans:
SBA loans held for investment			2,859				1,751				3
Commercial loans
Commercial & industrial			1,559				1,240				84
Commercial real estate			17,235				17,233				—
Total commercial loans			18,794				18,473				84
Residential mortgage loans			8,429				8,173				15
Consumer loans
Home equity			1,292				1,268				—
Total consumer loans			1,292				1,268				—
Residential construction loans			171				171				44
Total individually evaluated loans		$	31,545			$	29,836			$	146

Schedule of Internal Loan Classification Risk by Loan Portfolio Classification by Origination Year and Gross Write-offs

The following tables show the internal loan classification risk by loan portfolio classification by origination year as of June 30, 2026 and December 31, 2025, respectively, as well as gross write-offs for the six months ended June 30, 2026 and the twelve months ended December 31, 2025:


		Term Loans																								Revolving
		Amortized Cost Basis by Origination Year, June 30, 2026																								Loans
(In thousands)		2026				2025				2024				2023				2022				2021 and Earlier				Amortized Cost Basis				Total
SBA loans held for investment
Risk Rating:
Pass		$	3,539			$	2,607			$	1,997			$	1,044			$	6,734			$	17,282			$	—			$	33,203
Special Mention			—				—				—				—				282				737				—				1,019
Substandard			—				—				—				151				1,443				—				—				1,594
Total SBA loans held for investment		$	3,539			$	2,607			$	1,997			$	1,195			$	8,459			$	18,019			$	—			$	35,816
SBA loans held for investment
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	50			$	—			$	—			$	50

Commercial loans
Risk Rating:
Pass		$	136,302			$	294,389			$	176,450			$	138,316			$	275,029			$	480,977			$	108,905			$	1,610,368
Special Mention			—				1,110				163				1,324				11,733				7,125				—				21,455
Substandard			—				—				9,893				80				—				7,456				—				17,429
Total commercial loans		$	136,302			$	295,499			$	186,506			$	139,720			$	286,762			$	495,558			$	108,905			$	1,649,252
Commercial loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	140			$	—			$	140

Commercial construction loans
Risk Rating:
Pass		$	5,119			$	71,599			$	29,969			$	—			$	11,610			$	5,655			$	4,676			$	128,628
Total commercial construction loans		$	5,119			$	71,599			$	29,969			$	—			$	11,610			$	5,655			$	4,676			$	128,628
Commercial construction loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Residential mortgage loans
Risk Rating:
Performing		$	58,244			$	136,966			$	59,957			$	42,040			$	175,912			$	185,093			$	—			$	658,212
Nonperforming			—				—				—				1,250				5,432				3,608				—				10,290
Total residential mortgage loans		$	58,244			$	136,966			$	59,957			$	43,290			$	181,344			$	188,701			$	—			$	668,502
Residential mortgage loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Consumer loans
Risk Rating:
Performing		$	10,713			$	7,854			$	4,239			$	1,522			$	2,237			$	6,592			$	58,674			$	91,831
Nonperforming			—				—				917				—				—				1,954				55				2,926
Total consumer loans		$	10,713			$	7,854			$	5,156			$	1,522			$	2,237			$	8,546			$	58,729			$	94,757
Consumer loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	10			$	—			$	10

Residential construction
Risk Rating:
Pass		$	32,630			$	48,557			$	10,976			$	—			$	—			$	3,308			$	—			$	95,471
Special Mention			—				—				484				—				—				—				—				484
Substandard			—				—				—				—				—				126				—				126
Total residential construction loans		$	32,630			$	48,557			$	11,460			$	—			$	—			$	3,434			$	—			$	96,081
Residential construction
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	40			$	—			$	40

Total loans held for investment		$	246,547			$	563,082			$	295,045			$	185,727			$	490,412			$	719,913			$	172,310			$	2,673,036


		Term Loans																								Revolving
		Amortized Cost Basis by Origination Year, December 31, 2025																								Loans
(In thousands)		2025				2024				2023				2022				2021				2020 and Earlier				Amortized Cost Basis				Total
SBA loans held for investment
Risk Rating:
Pass		$	2,719			$	3,311			$	1,155			$	5,663			$	6,339			$	11,751			$	—			$	30,938
Special Mention			—				—				711				283				351				311				—				1,656
Substandard			—				—				172				1,493				—				—				—				1,665
Total SBA loans held for investment		$	2,719			$	3,311			$	2,038			$	7,439			$	6,690			$	12,062			$	—			$	34,259
SBA loans held for investment
Current-period gross writeoffs		$	—			$	—			$	61			$	535			$	323			$	11			$	—			$	930

Commercial loans
Risk Rating:
Pass		$	291,258			$	148,983			$	127,049			$	309,072			$	137,214			$	375,281			$	100,978			$	1,489,835
Special Mention			—				—				762				536				914				6,460				—				8,672
Substandard			—				9,893				137				—				6,714				2,781				—				19,525
Total commercial loans		$	291,258			$	158,876			$	127,948			$	309,608			$	144,842			$	384,522			$	100,978			$	1,518,032
Commercial loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	1			$	101			$	—			$	102

Commercial construction loans
Risk Rating:
Pass		$	58,495			$	55,511			$	10,118			$	10,003			$	—			$	5,692			$	7,396			$	147,215
Total commercial construction loans		$	58,495			$	55,511			$	10,118			$	10,003			$	—			$	5,692			$	7,396			$	147,215
Commercial construction loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Residential mortgage loans
Risk Rating:
Performing		$	147,623			$	69,751			$	53,816			$	197,958			$	57,512			$	142,388			$	—			$	669,048
Nonperforming			—				865				—				3,294				944				3,070				—				8,173
Total residential mortgage loans		$	147,623			$	70,616			$	53,816			$	201,252			$	58,456			$	145,458			$	—			$	677,221
Residential mortgage loans
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	312			$	231			$	—			$	543

Consumer loans
Risk Rating:
Performing		$	9,647			$	4,093			$	1,624			$	2,404			$	390			$	7,928			$	57,865			$	83,951
Nonperforming			—				926				—				—				—				342				—				1,268
Total consumer loans		$	9,647			$	5,019			$	1,624			$	2,404			$	390			$	8,270			$	57,865			$	85,219
Consumer loans
Current-period gross writeoffs		$	—			$	—			$	—			$	11			$	71			$	30			$	—			$	112

Residential construction
Risk Rating:
Pass		$	46,077			$	22,263			$	1,773			$	—			$	595			$	2,398			$	—			$	73,106
Substandard			—				—				—				—				—				171				—				171
Total residential construction loans		$	46,077			$	22,263			$	1,773			$	—			$	595			$	2,569			$	—			$	73,277
Residential construction
Current-period gross writeoffs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Total loans held for investment		$	555,819			$	315,596			$	197,317			$	530,706			$	210,973			$	558,573			$	166,239			$	2,535,223

Schedule of Amortized Cost Basis of Loans Modified, Disaggregated by Class of Gross Loans and Type of Concession Granted

The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of gross loans and type of concession granted during the six months ended June 30, 2026 and 2025, respectively:


		Term Extension
		Principal				Percentage
(Dollars in thousands)		Balance				of Loan Class
Commercial loans
Commercial & industrial			72				—
Commercial real estate			373				—
Commercial - other			563				0.6
Balance as of June 30, 2026		$	1,008				—	%


		Payment Delay								Term Extension								Interest Rate Reduction
		Principal				Percentage				Principal				Percentage				Principal				Percentage
(Dollars in thousands)		Balance				of Loan Class				Balance				of Loan Class				Balance				of Loan Class
SBA loans held for investment		$	187				0.5	%		$	214				0.6	%		$	—				—	%
Commercial loans
Commercial real estate			628				0.1				—				—				1,860				0.2
Residential mortgage loans			1,123				0.2				—				—				—				—
Consumer loans
Home equity			—				—				53				0.1				—				—
Balance as of June 30, 2025		$	1,938				0.1	%		$	267				0.1	%		$	1,860				0.1	%