v3.26.1
Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table presents the classifications of loans as of the dates indicated:
June 30, 2026December 31, 2025
(Dollars in Thousands)
Real Estate:
Residential
$327,003 $329,237 
Commercial
571,760 552,180 
Construction
58,930 45,419 
Commercial and Industrial
160,399 161,081 
Consumer
31,108 42,876 
Other
30,521 31,467 
Total Loans
1,179,721 1,162,260 
Allowance for Credit Losses(10,451)(10,116)
Loans, Net
$1,169,270 $1,152,144 
Schedule of Financing Receivable Credit Quality Indicators
The following tables present the Company’s loans by year of origination, loan segmentation, risk indicator summarized by the aggregate Pass and the criticized categories of Special Mention and Substandard and gross charge-offs for the six months ended June 30, 2026 and year ended December 31, 2025. The Company did not have any loans classified as Doubtful or Loss as of the dates indicated.
Classified Loans by Origination Year (as of June 30, 2026)
20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
(Dollars in Thousands)
Real Estate:
Residential
Pass$21,345 $15,930 $14,498 $27,737 $41,343 $180,785 $20,214 $321,852 
Special Mention— 355 — — 1,518 — — 1,873 
Substandard— 427 106 2,093 72 580 — 3,278 
Total21,345 16,712 14,604 29,830 42,933 181,365 20,214 327,003 
Commercial
Pass60,174 97,830 62,346 50,709 66,853 211,221 3,742 552,875 
Special Mention— 618 5,474 — — 12,369 — 18,461 
Substandard— 200 — — — 224 — 424 
Total60,174 98,648 67,820 50,709 66,853 223,814 3,742 571,760 
Construction
Pass5,583 18,210 11,866 8,000 7,436 7,021 — 58,116 
Special Mention— — — — — — — — 
Substandard— — — 814 — — — 814 
Total5,583 18,210 11,866 8,814 7,436 7,021 — 58,930 
Commercial and Industrial
Pass12,140 37,798 20,639 16,891 5,326 12,049 53,748 158,591 
Special Mention— — — — — 59 — 59 
Substandard— 1,627 122 — — — — 1,749 
Total12,140 39,425 20,761 16,891 5,326 12,108 53,748 160,399 
Consumer
Pass370 541 292 4,209 11,534 5,970 8,093 31,009 
Special Mention— — — — — — — — 
Substandard— — — — 16 83 — 99 
Total370 541 292 4,209 11,550 6,053 8,093 31,108 
Other
Pass60 94 90 3,627 21,326 4,206 1,118 30,521 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Total60 94 90 3,627 21,326 4,206 1,118 30,521 
Total Loans$99,672 $173,630 $115,433 $114,080 $155,424 $434,567 $86,915 $1,179,721 
Real Estate:
Residential$— $— $— $— $— $— $— $— 
Commercial— — — — — — — — 
Construction— — — — — — — — 
Total Real Estate— — — — — — — — 
Commercial and Industrial
— — — — — — — — 
Consumer— — 9 22 60 75 33 199 
Other— — — — — — — — 
Total Gross Charge Offs— — 9 22 60 75 33 199 
Classified Loans by Origination Year (as of December 31, 2025)
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(Dollars in Thousands)
Real Estate:
Residential
Pass$18,321 $15,378 $29,290 $43,086 $38,637 $156,386 $23,082 $324,180 
Special Mention785 — — 1,541 — — — 2,326 
Substandard— — 2,139 — — 592 — 2,731 
Total19,106 15,378 31,429 44,627 38,637 156,978 23,082 329,237 
Commercial
Pass98,535 69,669 55,379 69,488 74,487 164,948 2,126 534,632 
Special Mention824 5,513 519 — 7,466 1,169 — 15,491 
Substandard— 1,962 — — — 95 — 2,057 
Total99,359 77,144 55,898 69,488 81,953 166,212 2,126 552,180 
Construction
Pass11,170 12,220 6,807 7,446 — 7,022 — 44,665 
Special Mention— — — — — — — — 
Substandard— — 754 — — — — 754 
Total11,170 12,220 7,561 7,446 — 7,022 — 45,419 
Commercial and Industrial
Pass40,139 22,131 20,315 6,442 2,670 10,182 56,820 158,699 
Special Mention1,780 139 — — — 163 300 2,382 
Substandard— — — — — — — — 
Total41,919 22,270 20,315 6,442 2,670 10,345 57,120 161,081 
Consumer
Pass688 411 5,635 17,322 7,047 3,229 8,437 42,769 
Special Mention— — — — — — — — 
Substandard— — — — 25 82 — 107 
Total688 411 5,635 17,322 7,072 3,311 8,437 42,876 
Other
Pass103 120 3,837 21,837 — 4,452 1,118 31,467 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Total103 120 3,837 21,837 — 4,452 1,118 31,467 
Total Loans$172,345 $127,543 $124,675 $167,162 $130,332 $348,320 $91,883 $1,162,260 
Real Estate:
Residential$25 $— $— $— $— $— $— $25 
Commercial— — — 19 — — — 19 
Construction— — — — — — — — 
Total Real Estate$25 — — 19 — — — 44 
Commercial and Industrial
218 — — — — 5 — 223 
Consumer— 4 19 95 23 97 64 302 
Other— — — — — — — — 
Total Gross Charge Offs$243 $4 $19 $114 $23 $102 $64 $569 
Schedule of Financing Receivable, Past Due
The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated:
June 30, 2026
Loans
Current
30-59
Days
Past Due
60-89
Days
Past Due
90 Days
Or More
Past Due
Total
Past Due
Non-
Accrual
Total
Loans
(Dollars in Thousands)
Real Estate:
Residential
$320,057 $4,034 $133 $— $4,167 $2,779 $327,003 
Commercial
571,473 192 — — 192 95 571,760 
Construction
58,515 — — — — 415 58,930 
Commercial and Industrial
160,382 17 — — 17 — 160,399 
Consumer
30,616 358 35 — 393 99 31,108 
Other
30,521 — — — — — 30,521 
Total Loans
$1,171,564 $4,601 $168 $— $4,769 $3,388 $1,179,721 
December 31, 2025
Loans
Current
30-59
Days
Past Due
60-89
Days
Past Due
90 Days
Or More
Past Due
Total
Past Due
Non-
Accrual
Total
Loans
(Dollars in Thousands)
Real Estate:
Residential
$322,628 $3,434 $444 $— $3,878 $2,731 $329,237 
Commercial
549,990 — 133 — 133 2,057 552,180 
Construction
45,004 — — — — 415 45,419 
Commercial and Industrial
161,081 — — — — — 161,081 
Consumer
42,142 539 88 — 627 107 42,876 
Other
31,467 — — — — — 31,467 
Total Loans
$1,152,312 $3,973 $665 $— $4,638 $5,310 $1,162,260 
Schedule of Financing Receivable, Nonaccrual
The following table sets forth the amounts for amortized cost basis of loans on nonaccrual status, loans past due 90 days still accruing, and categories of nonperforming assets at the dates indicated.
June 30, 2026
Nonaccrual With No ACLNonaccrual With ACLLoans Past Due 90 Days Still AccruingTotal Nonperforming Assets
(Dollars in Thousands)
Nonaccrual Loans:
Real Estate:
Residential
$1,669 $1,110 $— $2,779 
Commercial
95 — — 95 
Construction— 415 — 415 
Consumer
99 — — 99 
Total Nonaccrual Loans
$1,863 $1,525 $— 3,388 
Other Real Estate Owned
— 
Total Nonperforming Assets
$3,388 

December 31, 2025
Nonaccrual With No ACLNonaccrual With ACLLoans Past Due 90 Days Still AccruingTotal Nonperforming Assets
(Dollars in Thousands)
Nonaccrual Loans:
Real Estate:
Residential
$2,210 $521 $— $2,731 
Commercial
2,057 — — 2,057 
Construction131 284 — 415 
Consumer
107 — — 107 
Total Nonaccrual Loans
$4,505 $805 $— 5,310 
Other Real Estate Owned
— 
Total Nonperforming Assets
$5,310 
Schedule of Financing Receivable, Allowance for Credit Loss
The activity in the ACL - Loans is summarized below by primary segments for the periods indicated:
Real
Estate
Residential
Real
Estate
Commercial
Real
Estate
Construction
Commercial
and
Industrial
Consumer
Other
Total
(Dollars in Thousands)
March 31, 2026$2,502 $3,233 $1,317 $2,607 $422 $222 $10,303 
Charge-offs
— — — — (52)— (52)
Recoveries
— — — — 43 — 43 
Provision (Recovery) for Credit Losses - Loans74 (36)629 (415)(68)(27)157 
June 30, 2026$2,576 $3,197 $1,946 $2,192 $345 $195 $10,451 
Real
Estate
Residential		Real
Estate
Commercial		Real
Estate
Construction		Commercial
and
Industrial		ConsumerOtherTotal
(Dollars in Thousands)
March 31, 2025$2,896 $3,128 $1,227 $1,748 $586 $234 $9,819 
Charge-offs— (19)— (5)(47)— (71)
Recoveries— — — 43 67 — 110 
(Recovery) Provision for Credit Losses - Loans(351)295 (335)160 99 (4)(136)
June 30, 2025$2,545 $3,404 $892 $1,946 $705 $230 $9,722 
Real
Estate
Residential
Real
Estate
Commercial
Real
Estate
Construction
Commercial
and
Industrial
Consumer
Other
Total
(Dollars in thousands)
December 31, 2025$2,526 $3,153 $1,205 $2,562 $450 $220 $10,116 
Charge-offs
— — — — (199)— (199)
Recoveries
— — — 36 113 — 149 
Provision (Recovery) for Credit Losses - Loans50 44 741 (406)(19)(25)385 
June 30, 2026$2,576 $3,197 $1,946 $2,192 $345 $195 $10,451 
Real
Estate
Residential
Real
Estate
Commercial
Real
Estate
Construction
Commercial
and
Industrial
Consumer
Other
Total
(Dollars in thousands)
December 31, 2024$2,926 $3,103 $1,264 $1,584 $687 $241 $9,805 
Charge-offs
— (19)— (5)(183)— (207)
Recoveries
1 — — 87 104 — 192 
(Recovery) Provision for Credit Losses - Loans(382)320 (372)280 97 (11)(68)
June 30, 2025$2,545 $3,404 $892 $1,946 $705 $230 $9,722 
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of the dates indicated.
June 30, 2026
Primary Type of Collateral
Real Estate
Business Assets
Total
(Dollars in thousands)
Real Estate:
Residential$2,779 $— $2,779 
Commercial458 200 658 
Construction814 — 814 
Commercial and Industrial— 608 608 
Total Loans$4,051 $808 $4,859 
December 31, 2025
Primary Type of Collateral
Real Estate
(Dollars in thousands)
Real Estate:
Residential$2,326 
Commercial2,306 
Construction754 
Total Loans$5,386 
The Company’s activity in the ACL on unfunded commitments for the periods indicated was as follows:
Allowance for Credit Losses
(Dollars in Thousands)
Balance at March 31, 2026
$760 
Recovery for Credit Losses - Unfunded Commitments(140)
Balance at June 30, 2026$620 
Allowance for Credit Losses
(Dollars in Thousands)
Balance at March 31, 2025$583 
Provision for Credit Losses - Unfunded Commitments144 
Balance at June 30, 2025$727 
(in thousands)Allowance for Credit Losses
Balance at December 31, 2025$746 
Recovery for Credit Losses - Unfunded Commitments(126)
Balance at June 30, 2026$620 
(in thousands)Allowance for Credit Losses
Balance at December 31, 2024$691 
Provision for Credit Losses - Unfunded Commitments36 
Balance at June 30, 2025$727