| Summary of Activity Related to Allowance for Credit Losses on Loans |
The following tables summarize the activity related to the allowance for credit losses on loans for the three and six months ended June 30, 2026 and 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans |
|
|
Noncommercial Loans |
|
|
|
|
|
|
Commercial |
|
|
Real estate
commercial |
|
|
Other
real estate
construction |
|
|
Other
loans |
|
|
Real estate
1-4 family
construction |
|
|
Real estate
residential |
|
|
Home
equity |
|
|
Consumer |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Balance, March 31, 2026 |
|
$ |
1,449 |
|
|
$ |
2,405 |
|
|
$ |
493 |
|
|
$ |
14 |
|
|
$ |
87 |
|
|
$ |
1,115 |
|
|
$ |
700 |
|
|
$ |
136 |
|
|
$ |
6,399 |
|
Provision for (recovery of) credit losses |
|
|
(146 |
) |
|
|
(38 |
) |
|
|
(14 |
) |
|
|
5 |
|
|
|
(18 |
) |
|
|
(176 |
) |
|
|
(24 |
) |
|
|
6 |
|
|
|
(405 |
) |
Charge-offs |
|
|
(10 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
|
|
— |
|
|
|
(51 |
) |
|
|
(62 |
) |
Recoveries |
|
|
25 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
|
|
25 |
|
|
|
54 |
|
Net (charge-offs) recoveries |
|
|
15 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
|
|
4 |
|
|
|
(26 |
) |
|
|
(8 |
) |
Balance, June 30, 2026 |
|
$ |
1,318 |
|
|
$ |
2,367 |
|
|
$ |
479 |
|
|
$ |
19 |
|
|
$ |
69 |
|
|
$ |
938 |
|
|
$ |
680 |
|
|
$ |
116 |
|
|
$ |
5,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans |
|
|
Noncommercial Loans |
|
|
|
|
|
|
Commercial |
|
|
Real estate
commercial |
|
|
Other
real estate
construction |
|
|
Other
loans |
|
|
Real estate
1-4 family
construction |
|
|
Real estate
residential |
|
|
Home
equity |
|
|
Consumer |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Balance, March 31, 2025 |
|
$ |
1,699 |
|
|
$ |
2,324 |
|
|
$ |
340 |
|
|
$ |
20 |
|
|
$ |
57 |
|
|
$ |
809 |
|
|
$ |
652 |
|
|
$ |
164 |
|
|
$ |
6,065 |
|
Provision for (recovery of) credit losses |
|
|
(284 |
) |
|
|
37 |
|
|
|
69 |
|
|
|
(5 |
) |
|
|
42 |
|
|
|
455 |
|
|
|
(2 |
) |
|
|
(70 |
) |
|
|
242 |
|
Charge-offs |
|
|
(97 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6 |
) |
|
|
(103 |
) |
Recoveries |
|
|
15 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
11 |
|
|
|
27 |
|
Net (charge-offs) recoveries |
|
|
(82 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
5 |
|
|
|
(76 |
) |
Balance, June 30, 2025 |
|
$ |
1,333 |
|
|
$ |
2,361 |
|
|
$ |
409 |
|
|
$ |
15 |
|
|
$ |
99 |
|
|
$ |
1,264 |
|
|
$ |
651 |
|
|
$ |
99 |
|
|
$ |
6,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans |
|
|
Noncommercial Loans |
|
|
|
|
|
|
Commercial |
|
|
Real estate
commercial |
|
|
Other
real estate
construction |
|
|
Other
loans |
|
|
Real estate
1-4 family
construction |
|
|
Real estate
residential |
|
|
Home
equity |
|
|
Consumer |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Balance, December 31, 2025 |
|
$ |
1,479 |
|
|
$ |
2,420 |
|
|
$ |
487 |
|
|
$ |
15 |
|
|
$ |
83 |
|
|
$ |
1,155 |
|
|
$ |
687 |
|
|
$ |
94 |
|
|
$ |
6,420 |
|
Provision for (recovery of) credit losses |
|
|
(241 |
) |
|
|
(53 |
) |
|
|
(8 |
) |
|
|
4 |
|
|
|
(14 |
) |
|
|
(217 |
) |
|
|
(14 |
) |
|
|
56 |
|
|
|
(487 |
) |
Charge-offs |
|
|
(20 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
|
|
— |
|
|
|
(75 |
) |
|
|
(96 |
) |
Recoveries |
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
7 |
|
|
|
41 |
|
|
|
149 |
|
Net (charge-offs) recoveries |
|
|
80 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0 |
|
|
|
7 |
|
|
|
(34 |
) |
|
|
53 |
|
Balance, June 30, 2026 |
|
$ |
1,318 |
|
|
$ |
2,367 |
|
|
$ |
479 |
|
|
$ |
19 |
|
|
$ |
69 |
|
|
$ |
938 |
|
|
$ |
680 |
|
|
$ |
116 |
|
|
$ |
5,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans |
|
|
Noncommercial Loans |
|
|
|
|
|
|
Commercial |
|
|
Real estate
commercial |
|
|
Other
real estate
construction |
|
|
Other
loans |
|
|
Real estate
1-4 family
construction |
|
|
Real estate
residential |
|
|
Home
equity |
|
|
Consumer |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Balance, December 31, 2024 |
|
$ |
1,528 |
|
|
$ |
2,266 |
|
|
$ |
412 |
|
|
$ |
18 |
|
|
$ |
56 |
|
|
$ |
781 |
|
|
$ |
588 |
|
|
$ |
175 |
|
|
$ |
5,824 |
|
Provision for (recovery of) credit losses |
|
|
(130 |
) |
|
|
95 |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
43 |
|
|
|
482 |
|
|
|
62 |
|
|
|
(16 |
) |
|
|
530 |
|
Charge-offs |
|
|
(113 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(78 |
) |
|
|
(191 |
) |
Recoveries |
|
|
48 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
|
18 |
|
|
|
68 |
|
Net (charge-offs) recoveries |
|
|
(65 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
|
(60 |
) |
|
|
(123 |
) |
Balance, June 30, 2025 |
|
$ |
1,333 |
|
|
$ |
2,361 |
|
|
$ |
409 |
|
|
$ |
15 |
|
|
$ |
99 |
|
|
$ |
1,264 |
|
|
$ |
651 |
|
|
$ |
99 |
|
|
$ |
6,231 |
|
|
| Summary of Credit Quality Indicators by Year of Origination |
The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Term Loans by Year of Origination |
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
|
Revolving |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
8,113 |
|
|
$ |
38,930 |
|
|
$ |
16,941 |
|
|
$ |
8,899 |
|
|
$ |
8,663 |
|
|
$ |
12,109 |
|
|
|
$ |
15,977 |
|
|
$ |
109,632 |
|
Watch |
|
|
172 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
617 |
|
|
|
|
69 |
|
|
|
859 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Total commercial |
|
|
8,285 |
|
|
|
38,930 |
|
|
|
16,941 |
|
|
|
8,900 |
|
|
|
8,663 |
|
|
|
12,726 |
|
|
|
|
16,046 |
|
|
|
110,491 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate - commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
9,262 |
|
|
|
35,885 |
|
|
|
37,974 |
|
|
|
39,063 |
|
|
|
42,355 |
|
|
|
82,724 |
|
|
|
|
2,635 |
|
|
|
249,898 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
136 |
|
|
|
|
89 |
|
|
|
225 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,730 |
|
|
|
— |
|
|
|
20 |
|
|
|
|
— |
|
|
|
2,750 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
320 |
|
|
|
|
— |
|
|
|
320 |
|
Total real estate - commercial |
|
|
9,262 |
|
|
|
35,885 |
|
|
|
37,974 |
|
|
|
41,793 |
|
|
|
42,355 |
|
|
|
83,200 |
|
|
|
|
2,724 |
|
|
|
253,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other real estate construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
25,351 |
|
|
|
14,502 |
|
|
|
8,581 |
|
|
|
2,344 |
|
|
|
2,660 |
|
|
|
5,955 |
|
|
|
|
1,177 |
|
|
|
60,570 |
|
Watch |
|
|
— |
|
|
|
3,549 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
3,549 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Total other real estate construction |
|
|
25,351 |
|
|
|
18,051 |
|
|
|
8,581 |
|
|
|
2,344 |
|
|
|
2,660 |
|
|
|
5,955 |
|
|
— |
|
|
1,177 |
|
|
|
64,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate 1-4 family construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
6,361 |
|
|
|
10,558 |
|
|
|
3,528 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
20,447 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Total real estate 1-4 family construction |
|
|
6,361 |
|
|
|
10,558 |
|
|
|
3,528 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
20,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate - residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
9,818 |
|
|
|
26,735 |
|
|
|
20,175 |
|
|
|
27,775 |
|
|
|
26,496 |
|
|
|
38,025 |
|
|
|
|
2,249 |
|
|
|
151,273 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
675 |
|
|
|
|
— |
|
|
|
675 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
97 |
|
|
|
— |
|
|
|
134 |
|
|
|
|
— |
|
|
|
231 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
172 |
|
|
|
537 |
|
|
|
|
— |
|
|
|
709 |
|
Total real estate - residential |
|
|
9,818 |
|
|
|
26,735 |
|
|
|
20,175 |
|
|
|
27,872 |
|
|
|
26,668 |
|
|
|
39,371 |
|
|
|
|
2,249 |
|
|
|
152,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
571 |
|
|
|
52 |
|
|
|
68 |
|
|
|
581 |
|
|
|
341 |
|
|
|
2,278 |
|
|
|
|
72,483 |
|
|
|
76,374 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14 |
|
|
|
57 |
|
|
|
|
— |
|
|
|
71 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
75 |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
75 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
49 |
|
|
|
96 |
|
|
|
114 |
|
|
|
|
— |
|
|
|
259 |
|
Total home equity |
|
|
571 |
|
|
|
52 |
|
|
|
68 |
|
|
|
705 |
|
|
|
451 |
|
|
|
2,449 |
|
|
|
|
72,483 |
|
|
|
76,779 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
2,076 |
|
|
|
1,557 |
|
|
|
1,250 |
|
|
|
556 |
|
|
|
348 |
|
|
|
309 |
|
|
|
|
3,096 |
|
|
|
9,192 |
|
Watch |
|
|
10 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
10 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
23 |
|
Total consumer loans |
|
|
2,086 |
|
|
|
1,580 |
|
|
|
1,250 |
|
|
|
556 |
|
|
|
348 |
|
|
|
309 |
|
|
|
|
3,096 |
|
|
|
9,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
539 |
|
|
|
53 |
|
|
|
558 |
|
|
|
— |
|
|
|
1,596 |
|
|
|
2,343 |
|
|
|
|
— |
|
|
|
5,089 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
|
|
— |
|
Total other loans |
|
|
539 |
|
|
|
53 |
|
|
|
558 |
|
|
|
— |
|
|
|
1,596 |
|
|
|
2,343 |
|
|
|
|
— |
|
|
|
5,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Pass |
|
|
62,091 |
|
|
|
128,272 |
|
|
|
89,075 |
|
|
|
79,218 |
|
|
|
82,459 |
|
|
|
143,743 |
|
|
|
|
97,617 |
|
|
|
682,475 |
|
Total Watch |
|
|
182 |
|
|
|
3,549 |
|
|
|
— |
|
|
|
1 |
|
|
|
14 |
|
|
|
1,485 |
|
|
|
|
158 |
|
|
|
5,389 |
|
Total Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,902 |
|
|
|
— |
|
|
|
154 |
|
|
|
|
— |
|
|
|
3,056 |
|
Total Substandard |
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
49 |
|
|
|
268 |
|
|
|
971 |
|
|
|
|
— |
|
|
|
1,311 |
|
Total loans |
|
$ |
62,273 |
|
|
$ |
131,844 |
|
|
$ |
89,075 |
|
|
$ |
82,170 |
|
|
$ |
82,741 |
|
|
$ |
146,353 |
|
|
|
$ |
97,775 |
|
|
$ |
692,231 |
|
During the six months ended June 30, 2026, forty-six loans totaling $580,000 were converted from revolving to term loans. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Term Loans by Year of Origination |
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
41,614 |
|
|
$ |
18,998 |
|
|
$ |
10,134 |
|
|
$ |
9,822 |
|
|
$ |
4,665 |
|
|
$ |
9,300 |
|
|
$ |
14,673 |
|
|
$ |
109,206 |
|
Watch |
|
|
40 |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
640 |
|
|
|
39 |
|
|
|
160 |
|
|
|
882 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total commercial |
|
|
41,654 |
|
|
|
18,998 |
|
|
|
10,137 |
|
|
|
9,822 |
|
|
|
5,305 |
|
|
|
9,339 |
|
|
|
14,833 |
|
|
|
110,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate - commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
33,690 |
|
|
|
44,721 |
|
|
|
38,979 |
|
|
|
43,708 |
|
|
|
35,143 |
|
|
|
52,174 |
|
|
|
2,666 |
|
|
|
251,081 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
148 |
|
|
|
85 |
|
|
|
233 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
4,267 |
|
|
|
— |
|
|
|
— |
|
|
|
24 |
|
|
|
— |
|
|
|
4,291 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
339 |
|
|
|
— |
|
|
|
339 |
|
Total real estate - commercial |
|
|
33,690 |
|
|
|
44,721 |
|
|
|
43,246 |
|
|
|
43,708 |
|
|
|
35,143 |
|
|
|
52,685 |
|
|
|
2,751 |
|
|
|
255,944 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other real estate construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
20,951 |
|
|
|
14,474 |
|
|
|
8,480 |
|
|
|
3,754 |
|
|
|
1,778 |
|
|
|
4,633 |
|
|
|
1,330 |
|
|
|
55,400 |
|
Watch |
|
|
1,847 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,847 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total other real estate construction |
|
|
22,798 |
|
|
|
14,474 |
|
|
|
8,480 |
|
|
|
3,754 |
|
|
|
1,778 |
|
|
|
4,633 |
|
|
|
1,330 |
|
|
|
57,247 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate 1-4 family construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
12,819 |
|
|
|
6,634 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
19,453 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total real estate 1-4 family construction |
|
|
12,819 |
|
|
|
6,634 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
19,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate - residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
30,041 |
|
|
|
24,409 |
|
|
|
31,429 |
|
|
|
29,022 |
|
|
|
19,789 |
|
|
|
20,706 |
|
|
|
2,268 |
|
|
|
157,664 |
|
Watch |
|
|
322 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
200 |
|
|
|
446 |
|
|
|
— |
|
|
|
968 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
99 |
|
|
|
— |
|
|
|
117 |
|
|
|
22 |
|
|
|
— |
|
|
|
238 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
404 |
|
|
|
— |
|
|
|
404 |
|
Total real estate - residential |
|
|
30,363 |
|
|
|
24,409 |
|
|
|
31,528 |
|
|
|
29,022 |
|
|
|
20,106 |
|
|
|
21,578 |
|
|
|
2,268 |
|
|
|
159,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
52 |
|
|
|
43 |
|
|
|
610 |
|
|
|
332 |
|
|
|
254 |
|
|
|
2,100 |
|
|
|
69,507 |
|
|
|
72,898 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15 |
|
|
|
— |
|
|
|
75 |
|
|
|
— |
|
|
|
90 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
75 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
75 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
96 |
|
|
|
103 |
|
|
|
— |
|
|
|
— |
|
|
|
199 |
|
Total home equity |
|
|
52 |
|
|
|
43 |
|
|
|
685 |
|
|
|
443 |
|
|
|
357 |
|
|
|
2,175 |
|
|
|
69,507 |
|
|
|
73,262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
3,014 |
|
|
|
1,800 |
|
|
|
865 |
|
|
|
456 |
|
|
|
62 |
|
|
|
278 |
|
|
|
3,086 |
|
|
|
9,561 |
|
Watch |
|
|
— |
|
|
|
50 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
50 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total consumer loans |
|
|
3,014 |
|
|
|
1,850 |
|
|
|
865 |
|
|
|
456 |
|
|
|
62 |
|
|
|
278 |
|
|
|
3,086 |
|
|
|
9,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
66 |
|
|
|
567 |
|
|
|
— |
|
|
|
1,597 |
|
|
|
1,071 |
|
|
|
1,382 |
|
|
|
— |
|
|
|
4,683 |
|
Watch |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total other loans |
|
|
66 |
|
|
|
567 |
|
|
|
— |
|
|
|
1,597 |
|
|
|
1,071 |
|
|
|
1,382 |
|
|
|
— |
|
|
|
4,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Pass |
|
|
142,247 |
|
|
|
111,646 |
|
|
|
90,497 |
|
|
|
88,691 |
|
|
|
62,762 |
|
|
|
90,573 |
|
|
|
93,530 |
|
|
|
679,946 |
|
Total Watch |
|
|
2,209 |
|
|
|
50 |
|
|
|
3 |
|
|
|
15 |
|
|
|
840 |
|
|
|
708 |
|
|
|
245 |
|
|
|
4,070 |
|
Total Special Mention |
|
|
— |
|
|
|
— |
|
|
|
4,441 |
|
|
|
— |
|
|
|
117 |
|
|
|
46 |
|
|
|
— |
|
|
|
4,604 |
|
Total Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
96 |
|
|
|
103 |
|
|
|
743 |
|
|
|
— |
|
|
|
942 |
|
Total loans |
|
$ |
144,456 |
|
|
$ |
111,696 |
|
|
$ |
94,941 |
|
|
$ |
88,802 |
|
|
$ |
63,822 |
|
|
$ |
92,070 |
|
|
$ |
93,775 |
|
|
$ |
689,562 |
|
During the year ended December 31, 2025 ninety-nine loans totaling $10.4 million were converted from revolving to term loans. The following tables present gross charge-offs by origination date as of June 30, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Gross Loan Charge-offs by Year of Origination |
|
|
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Revolving |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
$ |
— |
|
|
$ |
9 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11 |
|
|
$ |
20 |
|
Real estate - commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other real estate construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Noncommercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate 1-4 family construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Real estate - residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer loans |
|
|
— |
|
|
|
9 |
|
|
|
54 |
|
|
|
6 |
|
|
|
— |
|
|
|
1 |
|
|
|
5 |
|
|
|
75 |
|
Total charge-offs |
|
$ |
— |
|
|
$ |
18 |
|
|
$ |
54 |
|
|
$ |
6 |
|
|
$ |
1 |
|
|
$ |
1 |
|
|
$ |
16 |
|
|
$ |
96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Gross Loan Charge-offs by Year of Origination |
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving |
|
|
Total |
|
|
|
(dollars in thousands) |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
$ |
— |
|
|
$ |
9 |
|
|
$ |
— |
|
|
$ |
16 |
|
|
$ |
88 |
|
|
$ |
— |
|
|
$ |
10 |
|
|
$ |
123 |
|
Real estate - commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other real estate construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Noncommercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate 1-4 family construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Real estate - residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
89 |
|
|
|
— |
|
|
|
89 |
|
Consumer loans |
|
|
— |
|
|
|
33 |
|
|
|
7 |
|
|
|
2 |
|
|
|
— |
|
|
|
2 |
|
|
|
86 |
|
|
|
130 |
|
Total charge-offs |
|
$ |
— |
|
|
$ |
42 |
|
|
$ |
7 |
|
|
$ |
18 |
|
|
$ |
88 |
|
|
$ |
91 |
|
|
$ |
96 |
|
|
$ |
342 |
|
|