Allowance for Loan Credit Losses

Schedule of past due and non-accrual loans


		June 30, 2026
		30-59 Days			60-89 Days			90 Days or More					Total Past
		Past			Past			Past Due and		Nonaccrual			Due and						Total
(Dollars in thousands)		Due			Due			Still Accruing		Loans			Nonaccrual Loans			Current			Loans
Real Estate Loans
Commercial		$	—		$	—		$	—	$	—		$	—		$	1,196,490		$	1,196,490
Construction and land development			—			—			—		—			—			227,132			227,132
Residential			—			—			—		—			—			534,000			534,000
Commercial			—			—			267		—			267			50,795			51,062
Consumer			—			—			—		—			—			663			663
Total Loans		$	—		$	—		$	267	$	—		$	267		$	2,009,080		$	2,009,347


		December 31, 2025
		30-59 Days			60-89 Days		90 Days or More					Total Past
		Past			Past		Past Due and		Nonaccrual			Due and						Total
(Dollars in thousands)		Due			Due		Still Accruing		Loans			Nonaccrual Loans			Current			Loans
Real Estate Loans
Commercial		$	—		$	—	$	—	$	—		$	—		$	1,173,617		$	1,173,617
Construction and land development			—			—		—		—			—			222,659			222,659
Residential			370			756		—		—			1,126			521,864			522,990
Commercial			—			—		1,084		—			1,084			48,883			49,967
Consumer			—			—		—		—			—			1,043			1,043
Total Loans		$	370		$	756	$	1,084	$	—		$	2,210		$	1,968,066		$	1,970,276

Schedule of credit quality indicators

The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of June 30, 2026.


	Term Loans by Year of Origination
(Dollars in thousands)	2026		2025		2024		2023		2022		Prior		Revolving		Total
Real Estate Loans - Commercial
Pass	$	46,526	$	112,478	$	144,597	$	70,666	$	256,554	$	547,266	$	5,823	$	1,183,910
Special mention		—		—		—		—		12,580		—		—		12,580
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Commercial	$	46,526	$	112,478	$	144,597	$	70,666	$	269,134	$	547,266	$	5,823	$	1,196,490

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Construction and land development
Pass	$	21,543	$	89,323	$	42,968	$	16,257	$	15,212	$	4,250	$	37,318	$	226,871
Special mention		—		—		—		—		—		261		—		261
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Construction and land development	$	21,543	$	89,323	$	42,968	$	16,257	$	15,212	$	4,511	$	37,318	$	227,132

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Residential
Pass	$	52,744	$	82,923	$	23,172	$	48,225	$	95,102	$	204,539	$	26,854	$	533,559
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		441		—		441
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Residential	$	52,744	$	82,923	$	23,172	$	48,225	$	95,102	$	204,980	$	26,854	$	534,000

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Loans
Pass	$	5,879	$	8,746	$	4,041	$	2,651	$	2,498	$	5,951	$	21,029	$	50,795
Special mention		—		—		—		—		—		—		—		—
Substandard		—		267		—		—		—		—		—		267
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Commercial Loans	$	5,879	$	9,013	$	4,041	$	2,651	$	2,498	$	5,951	$	21,029	$	51,062

Current period gross write-offs	$	—	$	172	$	—	$	—	$	—	$	—	$	—	$	172

Consumer Loans
Pass	$	2	$	98	$	518	$	30	$	—	$	—	$	15	$	663
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Consumer Loans	$	2	$	98	$	518	$	30	$	—	$	—	$	15	$	663

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of December 31, 2025.


	Term Loans by Year of Origination
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving		Total
Real Estate Loans - Commercial
Pass	$	108,904	$	146,921	$	67,298	$	259,998	$	152,295	$	420,305	$	5,224	$	1,160,945
Special mention		—		—		—		12,672		—		—		—		12,672
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Commercial	$	108,904	$	146,921	$	67,298	$	272,670	$	152,295	$	420,305	$	5,224	$	1,173,617

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Construction and land development
Pass	$	72,568	$	66,800	$	22,339	$	14,925	$	773	$	13,355	$	30,815	$	221,575
Special mention		—		—		—		—		—		1,084		—		1,084
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Construction and land development	$	72,568	$	66,800	$	22,339	$	14,925	$	773	$	14,439	$	30,815	$	222,659

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Residential
Pass	$	92,918	$	27,336	$	59,483	$	99,049	$	109,931	$	107,162	$	26,355	$	522,234
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		756		—		756
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Residential	$	92,918	$	27,336	$	59,483	$	99,049	$	109,931	$	107,918	$	26,355	$	522,990

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Loans
Pass	$	9,952	$	4,277	$	3,254	$	2,948	$	618	$	6,202	$	21,632	$	48,883
Special mention		—		—		—		1,084		—		—		—		1,084
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Commercial Loans	$	9,952	$	4,277	$	3,254	$	4,032	$	618	$	6,202	$	21,632	$	49,967

Current period gross write-offs	$	—	$	—	$	—	$	361	$	—	$	—	$	—	$	361

Consumer Loans
Pass	$	463	$	529	$	36	$	—	$	—	$	—	$	15	$	1,043
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Consumer Loans	$	463	$	529	$	36	$	—	$	—	$	—	$	15	$	1,043

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—