v3.26.1
Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Summary of Composition of Loan Portfolio

Following is a summary of the composition of the loan portfolio at June 30, 2026 and December 31, 2025:

 

 

June 30, 2026

 

 

December 31, 2025

 

(Dollars in thousands)

 

Amount

 

 

%

 

 

Amount

 

 

%

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development and construction

 

$

144,436

 

 

 

8.5

%

 

$

119,352

 

 

 

7.4

%

Income producing CRE

 

 

416,965

 

 

 

24.5

 

 

 

378,179

 

 

 

23.4

 

Owner-occupied CRE

 

 

127,285

 

 

 

7.5

 

 

 

92,787

 

 

 

5.7

 

Senior housing

 

 

248,282

 

 

 

14.5

 

 

 

259,529

 

 

 

16.0

 

Commercial and industrial

 

 

139,313

 

 

 

8.1

 

 

 

145,380

 

 

 

9.0

 

Total commercial loans

 

 

1,076,281

 

 

 

63.1

 

 

 

995,227

 

 

 

61.5

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

313,230

 

 

 

18.4

 

 

 

312,096

 

 

 

19.3

 

Residential mortgages

 

 

202,768

 

 

 

11.9

 

 

 

199,991

 

 

 

12.4

 

Cash value life insurance LOC

 

 

89,305

 

 

 

5.2

 

 

 

87,172

 

 

 

5.4

 

Other consumer

 

 

23,786

 

 

 

1.4

 

 

 

22,829

 

 

 

1.4

 

Total retail loans

 

 

629,089

 

 

 

36.9

 

 

 

622,088

 

 

 

38.5

 

     Total gross loans held for investment ("LHFI"), net of unearned income

 

 

1,705,370

 

 

 

100.0

%

 

 

1,617,315

 

 

 

100.0

%

Less allowance for credit losses

 

 

(19,817

)

 

 

 

 

 

(18,743

)

 

 

 

LHFI, net

 

$

1,685,553

 

 

 

 

 

$

1,598,572

 

 

 

 

LHFS

 

$

223,112

 

 

 

 

 

$

170,933

 

 

 

 
Schedule of Risk Category of Commercial/Retail Loans on Amortized Cost Basis and Gross Charge-offs

The following tables present the risk category of commercial loans on amortized cost basis and, for 2026, gross charge-offs by vintage year as of June 30, 2026:

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(In thousands of dollars)

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolvers

 

 

Revolvers Converted to Term

 

 

Total

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development and construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

52,731

 

 

$

67,152

 

 

$

20,502

 

 

$

3,600

 

 

$

251

 

 

$

199

 

 

$

1

 

 

$

-

 

 

$

144,436

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total acquisition, development
   and construction

 

$

52,731

 

 

$

67,152

 

 

$

20,502

 

 

$

3,600

 

 

$

251

 

 

$

199

 

 

$

1

 

 

$

-

 

 

$

144,436

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Income producing CRE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

30,275

 

 

$

86,201

 

 

$

65,061

 

 

$

37,036

 

 

$

129,303

 

 

$

68,425

 

 

$

200

 

 

$

-

 

 

$

416,501

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

464

 

 

 

-

 

 

 

-

 

 

 

464

 

 Total income producing

 

$

30,275

 

 

$

86,201

 

 

$

65,061

 

 

$

37,036

 

 

$

129,303

 

 

$

68,889

 

 

$

200

 

 

$

-

 

 

$

416,965

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Owner-occupied CRE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

38,628

 

 

$

13,422

 

 

$

5,494

 

 

$

9,042

 

 

$

15,467

 

 

$

33,672

 

 

$

504

 

 

$

200

 

 

$

116,429

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,485

 

 

 

-

 

 

 

-

 

 

 

2,485

 

Substandard

 

 

-

 

 

 

162

 

 

 

87

 

 

 

202

 

 

 

3,490

 

 

 

4,430

 

 

 

-

 

 

 

-

 

 

 

8,371

 

 Total owner occupied

 

$

38,628

 

 

$

13,584

 

 

$

5,581

 

 

$

9,244

 

 

$

18,957

 

 

$

40,587

 

 

$

504

 

 

$

200

 

 

$

127,285

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Senior housing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

53,998

 

 

$

97,267

 

 

$

37,935

 

 

$

18,269

 

 

$

10,021

 

 

$

16,011

 

 

$

-

 

 

$

-

 

 

$

233,501

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,660

 

 

 

10,121

 

 

 

-

 

 

 

-

 

 

 

14,781

 

 Total senior housing

 

$

53,998

 

 

$

97,267

 

 

$

37,935

 

 

$

18,269

 

 

$

14,681

 

 

$

26,132

 

 

$

-

 

 

$

-

 

 

$

248,282

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Commercial and industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

12,127

 

 

$

30,606

 

 

$

19,657

 

 

$

13,485

 

 

$

8,211

 

 

$

12,262

 

 

$

36,577

 

 

$

2,926

 

 

$

135,851

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

135

 

 

 

1,934

 

 

 

-

 

 

 

1,393

 

 

 

3,462

 

 Total non-real estate

 

$

12,127

 

 

$

30,606

 

 

$

19,657

 

 

$

13,485

 

 

$

8,346

 

 

$

14,196

 

 

$

36,577

 

 

$

4,319

 

 

$

139,313

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

11

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

11

 

The following tables present the risk category of retail loans on amortized cost basis and, for 2026, gross charge-offs by vintage year as of June 30, 2026:

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(In thousands of dollars)

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolvers

 

 

Revolvers Converted to Term

 

 

Total

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

51,421

 

 

$

77,188

 

 

$

36,196

 

 

$

45,420

 

 

$

69,326

 

 

$

33,679

 

 

$

-

 

 

$

-

 

 

$

313,230

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total marine vessels

 

$

51,421

 

 

$

77,188

 

 

$

36,196

 

 

$

45,420

 

 

$

69,326

 

 

$

33,679

 

 

$

-

 

 

$

-

 

 

$

313,230

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

27

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

27

 

Residential mortgages

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

18,093

 

 

$

39,985

 

 

$

17,372

 

 

$

19,935

 

 

$

33,468

 

 

$

42,884

 

 

$

30,186

 

 

$

457

 

 

$

202,380

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

388

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

388

 

 Total residential mortgages

 

$

18,093

 

 

$

39,985

 

 

$

17,372

 

 

$

20,323

 

 

$

33,468

 

 

$

42,884

 

 

$

30,186

 

 

$

457

 

 

$

202,768

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Cash value life insurance LOC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

82,666

 

 

$

6,639

 

 

$

89,305

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total cash value life insurance
     LOC

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

82,666

 

 

$

6,639

 

 

$

89,305

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Other consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

5,083

 

 

$

5,484

 

 

$

1,098

 

 

$

907

 

 

$

47

 

 

$

11,024

 

 

$

143

 

 

$

-

 

 

$

23,786

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total other consumer

 

$

5,083

 

 

$

5,484

 

 

$

1,098

 

 

$

907

 

 

$

47

 

 

$

11,024

 

 

$

143

 

 

$

-

 

 

$

23,786

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

52

 

 

$

-

 

 

$

-

 

 

$

52

 

 

The following tables present the risk category of commercial loans on amortized cost basis and, for 2025, gross charge-offs by vintage year as of December 31, 2025:

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(In thousands of dollars)

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolvers

 

 

Revolvers Converted to Term

 

 

Total

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development and construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

82,551

 

 

$

29,709

 

 

$

6,321

 

 

$

505

 

 

$

-

 

 

$

266

 

 

$

-

 

 

$

-

 

 

$

119,352

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total acquisition, development
   and construction

 

$

82,551

 

 

$

29,709

 

 

$

6,321

 

 

$

505

 

 

$

-

 

 

$

266

 

 

$

-

 

 

$

-

 

 

$

119,352

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Income producing CRE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

82,530

 

 

$

45,915

 

 

$

37,372

 

 

$

130,670

 

 

$

52,803

 

 

$

26,620

 

 

$

1,801

 

 

$

-

 

 

$

377,711

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

468

 

 

 

-

 

 

 

-

 

 

 

468

 

 Total income producing

 

$

82,530

 

 

$

45,915

 

 

$

37,372

 

 

$

130,670

 

 

$

52,803

 

 

$

27,088

 

 

$

1,801

 

 

$

-

 

 

$

378,179

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Owner-occupied CRE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

12,614

 

 

$

3,727

 

 

$

8,453

 

 

$

15,900

 

 

$

22,865

 

 

$

19,200

 

 

$

200

 

 

$

-

 

 

$

82,959

 

Special mention

 

 

-

 

 

 

-

 

 

 

205

 

 

 

-

 

 

 

-

 

 

 

2,534

 

 

 

-

 

 

 

-

 

 

 

2,739

 

Substandard

 

 

-

 

 

 

1,773

 

 

 

-

 

 

 

3,712

 

 

 

-

 

 

 

1,604

 

 

 

-

 

 

 

-

 

 

 

7,089

 

 Total owner occupied

 

$

12,614

 

 

$

5,500

 

 

$

8,658

 

 

$

19,612

 

 

$

22,865

 

 

$

23,338

 

 

$

200

 

 

$

-

 

 

$

92,787

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Senior housing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

100,332

 

 

$

53,744

 

 

$

23,930

 

 

$

32,683

 

 

$

12,084

 

 

$

14,043

 

 

$

-

 

 

$

-

 

 

$

236,816

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

7,994

 

 

 

3,940

 

 

 

-

 

 

 

-

 

 

 

11,934

 

Substandard

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,458

 

 

 

6,321

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

10,779

 

 Total senior housing

 

$

100,332

 

 

$

53,744

 

 

$

23,930

 

 

$

37,141

 

 

$

26,399

 

 

$

17,983

 

 

$

-

 

 

$

-

 

 

$

259,529

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Commercial and industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

38,753

 

 

$

19,939

 

 

$

14,283

 

 

$

9,532

 

 

$

12,678

 

 

$

11,738

 

 

$

31,332

 

 

$

2,765

 

 

$

141,020

 

Special mention

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

212

 

 

 

-

 

 

 

212

 

Substandard

 

 

46

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,358

 

 

 

59

 

 

 

1,685

 

 

 

4,148

 

 Total non-real estate

 

$

38,799

 

 

$

19,939

 

 

$

14,283

 

 

$

9,532

 

 

$

12,678

 

 

$

14,096

 

 

$

31,603

 

 

$

4,450

 

 

$

145,380

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

33

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

33

 

The following tables present the risk category of retail loans on amortized cost basis and, for 2025, gross charge-offs by vintage year as of December 31, 2025:

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(In thousands of dollars)

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolvers

 

 

Revolvers Converted to Term

 

 

Total

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

88,651

 

 

$

43,226

 

 

$

60,924

 

 

$

80,217

 

 

$

19,359

 

 

$

19,719

 

 

$

-

 

 

$

-

 

 

$

312,096

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total marine vessels

 

$

88,651

 

 

$

43,226

 

 

$

60,924

 

 

$

80,217

 

 

$

19,359

 

 

$

19,719

 

 

$

-

 

 

$

-

 

 

$

312,096

 

Current period gross charge-offs

 

$

-

 

 

$

162

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

162

 

Residential mortgages

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

40,123

 

 

$

23,539

 

 

$

21,055

 

 

$

42,331

 

 

$

23,654

 

 

$

24,681

 

 

$

23,970

 

 

$

248

 

 

$

199,601

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

390

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

390

 

 Total residential mortgages

 

$

40,123

 

 

$

23,539

 

 

$

21,445

 

 

$

42,331

 

 

$

23,654

 

 

$

24,681

 

 

$

23,970

 

 

$

248

 

 

$

199,991

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Cash value life insurance LOC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

87,034

 

 

$

138

 

 

$

87,172

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total cash value life insurance
     LOC

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

87,034

 

 

$

138

 

 

$

87,172

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Other consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

6,900

 

 

$

1,307

 

 

$

1,665

 

 

$

58

 

 

$

1,586

 

 

$

11,156

 

 

$

157

 

 

$

-

 

 

$

22,829

 

Nonperforming

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Total other consumer

 

$

6,900

 

 

$

1,307

 

 

$

1,665

 

 

$

58

 

 

$

1,586

 

 

$

11,156

 

 

$

157

 

 

$

-

 

 

$

22,829

 

Current period gross charge-offs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

265

 

 

$

-

 

 

$

-

 

 

$

265

 

 
Summary of Past Due and Nonaccrual Loans

The following table presents a summary of past due and nonaccrual loans as of June 30, 2026:

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

 

 

 

(In thousands of dollars)

 

Current

 

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

90 Days or More
and Accruing

 

 

Nonaccrual

 

 

Total
Past Due and
Nonaccrual

 

 

Total Loans
Receivable

 

Acquisition, development and
  construction

 

$

144,436

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

144,436

 

Income producing CRE

 

 

408,702

 

 

 

7,799

 

 

 

-

 

 

 

-

 

 

 

464

 

 

 

8,263

 

 

 

416,965

 

Owner-occupied CRE

 

 

123,634

 

 

 

499

 

 

 

-

 

 

 

-

 

 

 

3,152

 

 

 

3,651

 

 

 

127,285

 

Senior housing

 

 

237,426

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

10,856

 

 

 

10,856

 

 

 

248,282

 

Commercial and industrial

 

 

135,834

 

 

 

-

 

 

 

17

 

 

 

-

 

 

 

3,462

 

 

 

3,479

 

 

 

139,313

 

Marine vessels

 

 

311,738

 

 

 

1,492

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,492

 

 

 

313,230

 

Residential mortgages

 

 

202,154

 

 

 

36

 

 

 

190

 

 

 

-

 

 

 

388

 

 

 

614

 

 

 

202,768

 

Cash value life insurance LOC

 

 

89,305

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

89,305

 

Other consumer

 

 

23,786

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

23,786

 

Total

 

$

1,677,015

 

 

$

9,826

 

 

$

207

 

 

$

-

 

 

$

18,322

 

 

$

28,355

 

 

$

1,705,370

 

The following table presents a summary of past due and nonaccrual loans as of December 31, 2025:

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

 

 

 

(In thousands of dollars)

 

Current

 

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

90 Days or More
and Accruing

 

 

Nonaccrual

 

 

Total
Past Due and
Nonaccrual

 

 

Total Loans
Receivable

 

Acquisition, development and
  construction

 

$

118,084

 

 

$

1,268

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,268

 

 

$

119,352

 

Income producing CRE

 

 

378,179

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

378,179

 

Owner-occupied CRE

 

 

89,713

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,074

 

 

 

3,074

 

 

 

92,787

 

Senior housing

 

 

248,750

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

10,779

 

 

 

10,779

 

 

 

259,529

 

Commercial and industrial

 

 

141,160

 

 

 

157

 

 

 

-

 

 

 

-

 

 

 

4,063

 

 

 

4,220

 

 

 

145,380

 

Marine vessels

 

 

311,483

 

 

 

613

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

613

 

 

 

312,096

 

Residential mortgages

 

 

199,373

 

 

 

228

 

 

 

-

 

 

 

-

 

 

 

390

 

 

 

618

 

 

 

199,991

 

Cash value life insurance LOC

 

 

87,172

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

87,172

 

Other consumer

 

 

22,778

 

 

 

51

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

51

 

 

 

22,829

 

Total

 

$

1,596,692

 

 

$

2,317

 

 

$

-

 

 

$

-

 

 

$

18,306

 

 

$

20,623

 

 

$

1,617,315

 
Schedule of Analysis of Nonaccrual Loans That are Collateral-dependent Financial Assets and Related allowance for Credit Losses The following table presents an analysis of nonaccrual loans that are also collateral-dependent financial assets and related allowance for credit losses:

(In thousands of dollars)

 

Nonaccrual Loans with No Allowance

 

 

Nonaccrual Loans with an Allowance

 

 

Total Nonaccrual Loans

 

 

Allowance for Credit Losses

 

 

Nonaccrual Interest Income Recognized

 

Income producing CRE

 

$

-

 

 

$

464

 

 

$

464

 

 

$

14

 

 

$

-

 

Owner-occupied CRE

 

 

2,950

 

 

 

202

 

 

 

3,152

 

 

 

41

 

 

 

-

 

Senior housing

 

 

4,660

 

 

 

6,196

 

 

 

10,856

 

 

 

173

 

 

 

-

 

Commercial and industrial

 

 

145

 

 

 

3,317

 

 

 

3,462

 

 

 

701

 

 

 

59

 

Residential mortgages

 

 

388

 

 

 

-

 

 

 

388

 

 

 

-

 

 

 

14

 

          Total

 

$

8,143

 

 

$

10,179

 

 

$

18,322

 

 

$

929

 

 

$

73

 
The following table presents an analysis of nonaccrual loans that are also collateral-dependent financial assets and related allowance for credit losses:

(In thousands of dollars)

 

Nonaccrual Loans with No Allowance

 

 

Nonaccrual Loans with an Allowance

 

 

Total Nonaccrual Loans

 

 

Allowance for Credit Losses

 

 

Nonaccrual Interest Income Recognized

 

Income producing CRE

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

121

 

Owner-occupied CRE

 

 

3,074

 

 

 

-

 

 

 

3,074

 

 

 

-

 

 

 

9

 

Senior housing

 

 

4,458

 

 

 

6,321

 

 

 

10,779

 

 

 

298

 

 

 

-

 

Commercial and industrial

 

 

4,017

 

 

 

46

 

 

 

4,063

 

 

 

11

 

 

 

45

 

Residential mortgages

 

 

390

 

 

 

-

 

 

 

390

 

 

 

-

 

 

 

23

 

Cash value life insurance LOC

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

          Total

 

$

11,939

 

 

$

6,367

 

 

$

18,306

 

 

$

309

 

 

$

198

 
Schedule of Amortized Cots Basis of Loans Modified to Borrowers Disaggregated By Class of Financing Receivable and Type of Concession Granted

The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted during the three months ended June 30, 2026:

(Dollars in thousands)

 

Principal forgiveness

 

 

Payment deferral

 

 

Term extension

 

 

Interest rate reduction

 

 

Combination of term extension and payment delay

 

 

Combination of term extension and interest rate reduction

 

 

Total modified loans

 

 

Percent of total loan class

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied CRE

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

202

 

 

$

-

 

 

$

202

 

 

 

0.2

%

Senior housing

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,196

 

 

 

-

 

 

 

6,196

 

 

 

2.5

%

        Total

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

6,398

 

 

$

-

 

 

$

6,398

 

 

 

0.4

%

The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted during the three months ended June 30, 2025:

(Dollars in thousands)

 

 

Payment deferral

 

 

Combination of term extension and payment delay

 

 

Combination of term extension and interest rate reduction

 

 

Total modified loans

 

 

Percent of total loan class

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior housing

 

 

$

-

 

 

$

6,425

 

 

$

-

 

 

$

6,425

 

 

 

2.7

%

        Total

 

 

$

-

 

 

$

6,425

 

 

$

-

 

 

$

6,425

 

 

 

0.4

%

The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted during the six months ended June 30, 2026:

(Dollars in thousands)

 

Principal forgiveness

 

 

Payment deferral

 

 

Term extension

 

 

Interest rate reduction

 

 

Combination of term extension and payment delay

 

 

Combination of term extension and interest rate reduction

 

 

Total modified loans

 

 

Percent of total loan class

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied CRE

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

202

 

 

$

-

 

 

$

202

 

 

 

0.2

%

Senior housing

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,196

 

 

 

-

 

 

 

6,196

 

 

 

2.5

%

        Total

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

6,398

 

 

$

-

 

 

$

6,398

 

 

 

0.4

%

The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted during the six months ended June 30, 2025:

(Dollars in thousands)

 

 

Payment deferral

 

 

Combination of term extension and payment delay

 

 

Combination of term extension and interest rate reduction

 

 

Total modified loans

 

 

Percent of total loan class

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior housing

 

 

$

-

 

 

$

6,425

 

 

$

-

 

 

$

6,425

 

 

 

2.7

%

        Total

 

 

$

-

 

 

$

6,425

 

 

$

-

 

 

$

6,425

 

 

 

0.4

%

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2026:

Loan type

 

Financial effect

Combination of term extension and payment delay

 

 

Owner-occupied CRE

 

 Extended maturity date 6 years and provided 8 months of partial payments.

Senior housing

 

 Extended maturity for 9 months with provisional extension for 6 additional months upon meeting certain conditions.

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2025:

Loan type

 

Financial effect

Combination of term extension and payment delay

 

 

Senior housing

 

 Provided term extension of 14 months and deferral of full principal and interest payments.

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2026:

Loan type

 

Financial effect

Combination of term extension and payment delay

 

 

Owner-occupied CRE

 

 Extended maturity date 6 years and provided 8 months of partial payments.

Senior housing

 

 Extended maturity for 9 months with provisional extension for 6 additional months upon meeting certain conditions.

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2025:

Loan type

 

Financial effect

Combination of term extension and payment delay

 

 

Senior housing

 

 Provided term extension of 14 months and deferral of full principal and interest payments.
The following table depicts the performance of loans that have been modified in the last 12 months as of June 30, 2026:

 

 

 

 

 

Loans Past Due

 

 

 

 

(In thousands of dollars)

 

Current

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

90 Days or More
Past Due

 

 

Total

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied CRE

 

$

-

 

 

$

202

 

 

$

-

 

 

$

-

 

 

$

202

 

Senior housing

 

 

6,196

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,196

 

        Total

 

$

6,196

 

 

$

202

 

 

$

-

 

 

$

-

 

 

$

6,398

 

Total nonaccrual loans included above

 

$

6,196

 

 

$

202

 

 

$

-

 

 

$

-

 

 

$

6,398

 

The following table depicts the performance of loans that have been modified in the last 12 months as of June 30, 2025:

 

 

 

 

 

Loans Past Due

 

 

 

 

(In thousands of dollars)

 

Current

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

90 Days or More
Past Due

 

 

Total

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior housing

 

$

6,425

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

6,425

 

Commercial and industrial

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,845

 

 

 

3,845

 

        Total

 

$

6,425

 

 

$

-

 

 

$

-

 

 

$

3,845

 

 

$

10,270

 

Total nonaccrual loans included above

 

$

6,425

 

 

$

-

 

 

$

-

 

 

$

3,845

 

 

$

10,270

 

 

The following table provides the amortized cost basis of financing receivables during the three months ended June 30, 2026 that had a payment default and were modified in the 12 months before default to borrowers experiencing financial difficulty:

(In thousands of dollars)

 

Principal Forgiveness

 

 

Payment Deferral

 

 

Term Extension

 

 

Interest Rate Reduction

 

 

Combination Term Extension and Payment Deferral

 

 

Combination Term Extension and Principal Forgiveness

 

 

Combination Term Extension and Interest Rate Reduction

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied CRE

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

202

 

 

$

-

 

 

$

-

 

        Total

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

202

 

 

$

-

 

 

$

-

 

The following table provides the amortized cost basis of financing receivables during the six months ended June 30, 2026 that had a payment default and were modified in the 12 months before default to borrowers experiencing financial difficulty:

(In thousands of dollars)

 

Principal Forgiveness

 

 

Payment Deferral

 

 

Term Extension

 

 

Interest Rate Reduction

 

 

Combination Term Extension and Payment Deferral

 

 

Combination Term Extension and Principal Forgiveness

 

 

Combination Term Extension and Interest Rate Reduction

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied CRE

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

202

 

 

$

-

 

 

$

-

 

        Total

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

202

 

 

$

-

 

 

$

-

 

The following table provides the amortized cost basis of financing receivables during the six months ended June 30, 2025 that had a payment default and were modified in the 12 months before default to borrowers experiencing financial difficulty:

(In thousands of dollars)

 

Principal Forgiveness

 

 

Payment Deferral

 

 

Term Extension

 

 

Interest Rate Reduction

 

 

Combination Term Extension and Principal Forgiveness

 

 

Combination Term Extension and Interest Rate Reduction

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

-

 

 

$

2,160

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,685

 

        Total

 

$

-

 

 

$

2,160

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,685

 
Schedule of Allowance for Credit Losses

The following table presents a summary of the Company's allowance, by loan category for credit losses for the three months ended June 30, 2026:

 

 

Beginning

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands of dollars)

 

Balance

 

 

Charge-offs

 

 

Recoveries

 

 

(Release)

 

 

Balance

 

Three Months Ended June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development, and construction

 

$

1,610

 

 

$

-

 

 

$

-

 

 

$

560

 

 

$

2,170

 

Income producing CRE

 

 

6,850

 

 

 

-

 

 

 

-

 

 

 

366

 

 

 

7,216

 

Owner-occupied CRE

 

 

1,070

 

 

 

-

 

 

 

-

 

 

 

(4

)

 

 

1,066

 

Senior housing

 

 

3,916

 

 

 

-

 

 

 

-

 

 

 

(279

)

 

 

3,637

 

Commercial and industrial

 

 

1,050

 

 

 

(10

)

 

 

6

 

 

 

545

 

 

 

1,591

 

Total commercial loans

 

 

14,496

 

 

 

(10

)

 

 

6

 

 

 

1,188

 

 

 

15,680

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

1,419

 

 

 

(27

)

 

 

-

 

 

 

33

 

 

 

1,425

 

Residential mortgages

 

 

2,436

 

 

 

-

 

 

 

2

 

 

 

(143

)

 

 

2,295

 

Cash value life insurance LOC

 

 

125

 

 

 

-

 

 

 

-

 

 

 

(37

)

 

 

88

 

Other consumer

 

 

350

 

 

 

(1

)

 

 

5

 

 

 

(25

)

 

 

329

 

Total retail loans

 

 

4,330

 

 

 

(28

)

 

 

7

 

 

 

(172

)

 

 

4,137

 

Total allowance for funded loans

 

 

18,826

 

 

 

(38

)

 

 

13

 

 

 

1,016

 

 

 

19,817

 

Reserve for losses on
  unfunded loan commitments

 

 

4,214

 

 

 

-

 

 

 

-

 

 

 

(358

)

 

 

3,856

 

    Total ACL

 

$

23,040

 

 

$

(38

)

 

$

13

 

 

$

658

 

 

$

23,673

 

 

The following table presents a summary of the Company's allowance, by loan category for credit losses for the six months ended June 30, 2026:

 

 

Beginning

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands of dollars)

 

Balance

 

 

Charge-offs

 

 

Recoveries

 

 

(Release)

 

 

Balance

 

Six Months Ended June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development, and construction

 

$

1,623

 

 

$

-

 

 

$

-

 

 

$

547

 

 

$

2,170

 

Income producing CRE

 

 

7,027

 

 

 

-

 

 

 

-

 

 

 

189

 

 

 

7,216

 

Owner-occupied CRE

 

 

870

 

 

 

-

 

 

 

-

 

 

 

196

 

 

 

1,066

 

Senior housing

 

 

4,051

 

 

 

-

 

 

 

-

 

 

 

(414

)

 

 

3,637

 

Commercial and industrial

 

 

902

 

 

 

(11

)

 

 

13

 

 

 

687

 

 

 

1,591

 

Total commercial loans

 

 

14,473

 

 

 

(11

)

 

 

13

 

 

 

1,205

 

 

 

15,680

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

1,412

 

 

 

(27

)

 

 

-

 

 

 

40

 

 

 

1,425

 

Residential mortgages

 

 

2,412

 

 

 

-

 

 

 

2

 

 

 

(119

)

 

 

2,295

 

Cash value life insurance LOC

 

 

82

 

 

 

-

 

 

 

-

 

 

 

6

 

 

 

88

 

Other consumer

 

 

364

 

 

 

(52

)

 

 

9

 

 

 

8

 

 

 

329

 

Total retail loans

 

 

4,270

 

 

 

(79

)

 

 

11

 

 

 

(65

)

 

 

4,137

 

Total allowance for funded loans

 

 

18,743

 

 

 

(90

)

 

 

24

 

 

 

1,140

 

 

 

19,817

 

Reserve for losses on
  unfunded loan commitments

 

 

3,956

 

 

 

-

 

 

 

-

 

 

 

(100

)

 

 

3,856

 

    Total ACL

 

$

22,699

 

 

$

(90

)

 

$

24

 

 

$

1,040

 

 

$

23,673

 

The following table presents a summary of the Company's allowance, by loan category for credit losses for the three months ended June 30, 2025:

 

 

Beginning

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands of dollars)

 

Balance

 

 

Charge-offs

 

 

Recoveries

 

 

(Release)

 

 

Balance

 

Three Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development, and construction

 

$

1,337

 

 

$

-

 

 

$

-

 

 

$

(94

)

 

$

1,243

 

Income producing CRE

 

 

6,619

 

 

 

-

 

 

 

-

 

 

 

463

 

 

 

7,082

 

Owner-occupied CRE

 

 

595

 

 

 

-

 

 

 

-

 

 

 

167

 

 

 

762

 

Senior housing

 

 

4,149

 

 

 

-

 

 

 

-

 

 

 

(524

)

 

 

3,625

 

Commercial and industrial

 

 

842

 

 

 

(26

)

 

 

7

 

 

 

8

 

 

 

831

 

Total commercial loans

 

 

13,542

 

 

 

(26

)

 

 

7

 

 

 

20

 

 

 

13,543

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

1,309

 

 

 

-

 

 

 

-

 

 

 

67

 

 

 

1,376

 

Residential mortgages

 

 

1,801

 

 

 

-

 

 

 

3

 

 

 

337

 

 

 

2,141

 

Cash value life insurance LOC

 

 

79

 

 

 

-

 

 

 

-

 

 

 

3

 

 

 

82

 

Other consumer

 

 

373

 

 

 

(196

)

 

 

4

 

 

 

174

 

 

 

355

 

Total retail loans

 

 

3,562

 

 

 

(196

)

 

 

7

 

 

 

581

 

 

 

3,954

 

Total allowance for funded loans

 

 

17,104

 

 

 

(222

)

 

 

14

 

 

 

601

 

 

 

17,497

 

Reserve for losses on
  unfunded loan commitments

 

 

3,348

 

 

 

-

 

 

 

-

 

 

 

151

 

 

 

3,499

 

    Total ACL

 

$

20,452

 

 

$

(222

)

 

$

14

 

 

$

752

 

 

$

20,996

 

 

The following table presents a summary of the Company's allowance, by loan category for credit losses for the six months ended June 30, 2025:

 

 

Beginning

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands of dollars)

 

Balance

 

 

Charge-offs

 

 

Recoveries

 

 

(Release)

 

 

Balance

 

Six Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition, development, and construction

 

$

1,188

 

 

$

-

 

 

$

-

 

 

$

55

 

 

$

1,243

 

Income producing CRE

 

 

5,867

 

 

 

-

 

 

 

-

 

 

 

1,215

 

 

 

7,082

 

Owner-occupied CRE

 

 

543

 

 

 

-

 

 

 

-

 

 

 

219

 

 

 

762

 

Senior housing

 

 

4,576

 

 

 

-

 

 

 

-

 

 

 

(951

)

 

 

3,625

 

Commercial and industrial

 

 

751

 

 

 

(32

)

 

 

12

 

 

 

100

 

 

 

831

 

Total commercial loans

 

 

12,925

 

 

 

(32

)

 

 

12

 

 

 

638

 

 

 

13,543

 

Retail loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine vessels

 

 

1,688

 

 

 

-

 

 

 

-

 

 

 

(312

)

 

 

1,376

 

Residential mortgages

 

 

2,015

 

 

 

-

 

 

 

5

 

 

 

121

 

 

 

2,141

 

Cash value life insurance LOC

 

 

88

 

 

 

-

 

 

 

-

 

 

 

(6

)

 

 

82

 

Other consumer

 

 

402

 

 

 

(239

)

 

 

31

 

 

 

161

 

 

 

355

 

Total retail loans

 

 

4,193

 

 

 

(239

)

 

 

36

 

 

 

(36

)

 

 

3,954

 

Total allowance for funded loans

 

 

17,118

 

 

 

(271

)

 

 

48

 

 

 

602

 

 

 

17,497

 

Reserve for losses on
  unfunded loan commitments

 

 

2,720

 

 

 

-

 

 

 

-

 

 

 

779

 

 

 

3,499

 

    Total ACL

 

$

19,838

 

 

$

(271

)

 

$

48

 

 

$

1,381

 

 

$

20,996