Loans (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Loans [Abstract] | |
| Summary of Loans Held for Investment | June 30, 2026 December 31, 2025 Total Percent of Total Total Percent of Total Residential real estate $ 356,747 15.4 % $ 307,692 14.1 % Commercial real estate 1,314,367 56.6 % 1,244,835 57.0 % Commercial and industrial 300,265 13.0 % 295,548 13.5 % Correspondent banks 137,912 6.0 % 127,968 5.9 % Consumer and other 207,404 9.0 % 207,215 9.5 % Total 2,316,695 100.0 % 2,183,258 100.0 % Plus: Deferred fees/costs 5,690 5,999 Total 2,322,385 2,189,257 Less: Allowance for credit losses 26,701 25,500 Total $ 2,295,684 $ 2,163,757 |
| Allowance for Credit Losses | Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total Three Months Ended June 30, 2026 Beginning balance $ 5,270 $ 9,932 $ 5,330 $ 1,018 $ 4,552 $ 26,102 Provision for credit losses (1) 222 184 407 76 (2) 887 Recoveries 8 - 1 - - 9 Charge-offs (296) - - - (1) (297) Ending Balance $ 5,204 $ 10,116 $ 5,738 $ 1,094 $ 4,549 $ 26,701 Six Months Ended June 30, 2026 Beginning balance $ 5,908 $ 9,476 $ 4,814 $ 1,015 $ 4,287 $ 25,500 Provision for credit losses (2) (422) 640 919 79 269 1,485 Recoveries 14 - 5 - - 19 Charge-offs (296) - - - (7) (303) Ending Balance $ 5,204 $ 10,116 $ 5,738 $ 1,094 $ 4,549 $ 26,701 (1) Provision for credit losses excludes a $ 380 other liabilities. (2) Provision for credit losses excludes a $ 585 other liabilities and a $ 2 Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total Three Months Ended June 30, 2025 Beginning balance $ 5,115 $ 9,197 $ 4,434 $ 817 $ 5,177 $ 24,740 Provision for credit losses (1) 356 294 73 57 115 895 Recoveries 6 - 1 - 1 8 Charge-offs - - - - (710) (710) Ending Balance $ 5,477 $ 9,491 $ 4,508 $ 874 $ 4,583 $ 24,933 Six Months Ended June 30, 2025 Beginning balance $ 5,121 $ 8,788 $ 4,633 $ 654 $ 4,874 $ 24,070 Provision for credit losses (2) 344 703 (131) 220 431 1,567 Recoveries 12 - 6 - 1 19 Charge-offs - - - - (723) (723) Ending Balance $ 5,477 $ 9,491 $ 4,508 $ 874 $ 4,583 $ 24,933 (1) Provision for credit losses excludes a $ 134 other liabilities and a $ 2 (2) Provision for credit losses excludes a $ 144 other liabilities a $ 1 Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total June 30, 2026: Allowance for credit losses: Individually evaluated $ 87 $ - $ 13 $ - $ - $ 100 Collectively evaluated 5,117 10,116 5,725 1,094 4,549 26,601 Balances, end of period $ 5,204 $ 10,116 $ 5,738 $ 1,094 $ 4,549 $ 26,701 Loans: Individually evaluated $ 4,550 $ - $ 1,218 $ - $ - $ 5,768 Collectively evaluated 352,197 1,314,367 299,047 137,912 207,404 2,310,927 Balances, end of period $ 356,747 $ 1,314,367 $ 300,265 $ 137,912 $ 207,404 $ 2,316,695 December 31, 2025: Allowance for credit losses: Individually evaluated $ 27 $ - $ 84 $ - $ - $ 111 Collectively evaluated 5,881 9,476 4,730 1,015 4,287 25,389 Balances, end of period $ 5,908 $ 9,476 $ 4,814 $ 1,015 $ 4,287 $ 25,500 Loans: Individually evaluated $ 5,583 $ - $ 1,265 $ - $ - $ 6,848 Collectively evaluated 302,109 1,244,835 294,283 127,968 207,215 2,176,410 Balances, end of period $ 307,692 $ 1,244,835 $ 295,548 $ 127,968 $ 207,215 $ 2,183,258 |
| Loan Credit Exposures, Term Loans by Origination Year | As of June 30, 2026 Term Loans by Origination Year Revolving Loans Total 2026 2025 2024 2023 2022 Prior Residential real estate Pass $ 77,731 $ 63,118 $ 78,207 $ 30,802 $ 21,915 $ 66,205 $ 15,891 $ 353,869 Special Mention - 518 452 - - 400 - 1,370 Substandard - 415 989 - - 104 - 1,508 Total 77,731 64,051 79,648 30,802 21,915 66,709 15,891 356,747 Commercial real estate Pass 209,748 226,699 161,919 97,731 257,817 341,269 5,961 1,301,144 Special Mention - - - 8,405 - 3,115 - 11,520 Substandard - - - - - 1,703 - 1,703 Total 209,748 226,699 161,919 106,136 257,817 346,087 5,961 1,314,367 Commercial and industrial Pass 23,226 72,197 60,469 52,128 30,676 38,088 21,297 298,081 Special Mention - - - - - 773 - 773 Substandard - - 72 356 - 983 - 1,411 Total 23,226 72,197 60,541 52,484 30,676 39,844 21,297 300,265 Correspondent banks Pass 130,852 7,060 - - - - - 137,912 Total 130,852 7,060 - - - - - 137,912 Consumer and other Pass 9,177 55,213 33,778 35,453 50,070 20,337 3,376 207,404 Total 9,177 55,213 33,778 35,453 50,070 20,337 3,376 207,404 Total Pass 450,734 424,287 334,373 216,114 360,478 465,899 46,525 2,298,410 Special Mention - 518 452 8,405 - 4,288 - 13,663 Substandard - 415 1,061 356 - 2,790 - 4,622 Doubtful - - - - - - - - Total $ 450,734 $ 425,220 $ 335,886 $ 224,875 $ 360,478 $ 472,977 $ 46,525 $ 2,316,695 As of December 31, 2025 Term Loans by Origination Year Revolving Loans Total 2025 2024 2023 2022 2021 Prior Residential real estate Pass $ 65,582 $ 83,426 $ 32,139 $ 23,685 $ 21,056 $ 58,220 $ 20,168 $ 304,276 Special Mention 128 - - 587 - 201 - 916 Substandard - 917 1,468 - - 115 - 2,500 Total 65,710 84,343 33,607 24,272 21,056 58,536 20,168 307,692 Commercial real estate Pass 241,028 184,323 109,465 281,985 134,663 273,483 5,876 1,230,823 Special Mention - - 8,451 - - 3,162 - 11,613 Substandard - - - - 1,724 675 - 2,399 Total 241,028 184,323 117,916 281,985 136,387 277,320 5,876 1,244,835 Commercial and industrial Pass 75,867 63,178 58,060 32,118 28,090 12,314 23,542 293,169 Special Mention - 72 - - 835 - - 907 Substandard - - 389 - 445 638 - 1,472 Total 75,867 63,250 58,449 32,118 29,370 12,952 23,542 295,548 Correspondent banks Pass 127,968 - - - - - - 127,968 Total 127,968 - - - - - - 127,968 Consumer and other Pass 59,276 34,309 36,808 51,091 23,214 747 1,770 207,215 Total 59,276 34,309 36,808 51,091 23,214 747 1,770 207,215 Total Pass 569,721 365,236 236,472 388,879 207,023 344,764 51,356 2,163,451 Special Mention 128 72 8,451 587 835 3,363 - 13,436 Substandard - 917 1,857 - 2,169 1,428 - 6,371 Doubtful - - - - - - - - Total $ 569,849 $ 366,225 $ 246,780 $ 389,466 $ 210,027 $ 349,555 $ 51,356 $ 2,183,258 |
| Aging Analysis of Accruing and Total Non-Accruing Loans | Accruing As of June 30, 2026 Current Past Due 30- 89 Days Past Due 90 Days or > and Still Accruing Total Accruing Non-Accrual Total Loans Residential real estate: Home equity lines of credit and other $ 2,876 $ - $ - $ 2,876 $ - $ 2,876 1-4 family residential 271,352 1,228 - 272,580 1,284 273,864 Condo residential 79,783 - - 79,783 224 80,007 354,011 1,228 - 355,239 1,508 356,747 Commercial real estate: Land and construction 53,073 - - 53,073 - 53,073 Multi-family residential 324,711 - - 324,711 - 324,711 Condo commercial 68,666 - - 68,666 - 68,666 Commercial property 867,917 - - 867,917 - 867,917 1,314,367 - - 1,314,367 - 1,314,367 Commercial and industrial: Secured 280,212 - - 280,212 640 280,852 Unsecured 19,413 - - 19,413 - 19,413 299,625 - - 299,625 640 300,265 Correspondent banks 137,912 - - 137,912 - 137,912 Consumer and other 207,404 - - 207,404 - 207,404 Total $ 2,313,319 $ 1,228 $ - $ 2,314,547 $ 2,148 $ 2,316,695 Accruing As of December 31, 2025: Current Past Due 30-89 Days Past Due 90 Days or > and Still Accruing Total Accruing Non-Accrual Total Loans Residential real estate: Home equity lines of credit and other $ 1,538 $ - $ - $ 1,538 $ - $ 1,538 1-4 family residential 238,852 1,150 - 240,002 2,385 242,387 Condo residential 62,364 1,288 - 63,652 115 63,767 302,754 2,438 - 305,192 2,500 307,692 Commercial real estate: Land and construction 83,305 - - 83,305 - 83,305 Multi-family residential 254,562 - - 254,562 - 254,562 Condo commercial 61,525 - - 61,525 - 61,525 Commercial property 845,003 440 - 845,443 - 845,443 1,244,395 440 - 1,244,835 - 1,244,835 Commercial and industrial: Secured 272,900 71 - 272,971 638 273,609 Unsecured 21,939 - - 21,939 - 21,939 294,839 71 - 294,910 638 295,548 Correspondent banks 127,968 - - 127,968 - 127,968 Consumer and other 207,215 - - 207,215 - 207,215 Total $ 2,177,171 $ 2,949 $ - $ 2,180,120 $ 3,138 $ 2,183,258 |
| Non-Accrual status | June 30, 2026 Non-accrual Loans With No Related Allowance Non-accrual Loans With Related Allowance Total Non- accruals Residential real estate $ 1,444 $ 64 $ 1,508 Commercial and industrial 640 - 640 Total $ 2,084 $ 64 $ 2,148 December 31, 2025 Non-accrual Loans With No Related Allowance Non-accrual Loans With Related Allowance Total Non- accruals Residential real estate $ 2,500 $ - $ 2,500 Commercial and industrial 563 75 638 Total $ 3,063 $ 75 $ 3,138 |
| Schedule of Collateral Dependent Loans | June 30, 2026 Collateral Type Residential Real Estate Specific Reserve Residential real estate $ 1,565 $ 64 Commercial and industrial 72 - Total $ 1,637 $ 64 December 31, 2025 Collateral Type Residential Real Estate Specific Reserve Residential real estate $ 2,583 $ - Total $ 2,583 $ - |
| Restructured Loans, by Type of Modification | Amortized Cost Basis Prior to Modification Amortized Cost Basis After Modification Number of Loans Combination Modifications Total Modifications Number of Loans Combination Modifications Total Modifications Commercial and industrial 1 $ 418 $ 418 1 $ 350 $ 350 Total 1 $ 418 $ 418 1 $ 350 $ 350 |