| Schedule of Composition of the Loan Portfolio |
A summary of the composition of the loan portfolio at June 30, 2026 and December 31, 2025 is presented below (dollars in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Commercial real estate | $ | 46,321 | | | $ | 48,278 | | | Commercial | 4,642 | | | 4,521 | | | Residential real estate closed-end | 200,804 | | | 201,060 | | | Other consumer loans | 22,518 | | | 20,900 | | | 274,285 | | | 274,759 | | | Less allowance for credit losses | (3,714) | | | (4,096) | | | Loans, net | $ | 270,571 | | | $ | 270,663 | |
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| Schedule of Allowance for Credit Losses by Portfolio Type |
The following tables present the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2026 and 2025 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Commercial
Real Estate | | Commercial | | Residential
Real Estate
Closed-End | | Other
Consumer
Loans | | Total | | For the three months ended | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | Beginning balance, March 31, 2026 | $ | 1,238 | | | $ | 60 | | | $ | 2,174 | | | $ | 260 | | | $ | 3,732 | | | Provision for (recapture of) credit losses | (289) | | | 15 | | | 232 | | | 24 | | | (18) | | | Loans charged-off | — | | | — | | | — | | | — | | | — | | | Recoveries collected | — | | | — | | | — | | | — | | | — | | | Ending balance, June 30, 2026 | $ | 949 | | | $ | 75 | | | $ | 2,406 | | | $ | 284 | | | $ | 3,714 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Commercial
Real Estate | | Commercial | | Residential
Real Estate
Closed-End | | Other
Consumer
Loans | | Total | | For the three months ended | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | Beginning balance, March 31, 2025 | $ | 1,304 | | | $ | 259 | | | $ | 2,675 | | | $ | 238 | | | $ | 4,476 | | | Provision for (recapture of) credit losses | 3 | | | (171) | | | (115) | | | — | | | (283) | | | Loans charged-off | — | | | — | | | — | | | — | | | — | | | Recoveries collected | — | | | — | | | — | | | — | | | — | | | Ending balance, June 30, 2025 | $ | 1,307 | | | $ | 88 | | | $ | 2,560 | | | $ | 238 | | | $ | 4,193 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Commercial
Real Estate | | Commercial | | Residential
Real Estate
Closed-End | | Other
Consumer
Loans | | Total | | For the six months ended | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | Beginning balance, December 31, 2025 | $ | 1,468 | | | $ | 73 | | | $ | 2,324 | | | $ | 231 | | | $ | 4,096 | | | Provision for (recapture of) credit losses | (519) | | | 2 | | | 82 | | | 53 | | | (382) | | | Loans charged-off | — | | | — | | | — | | | — | | | — | | | Recoveries collected | — | | | — | | | — | | | — | | | — | | | Ending balance, June 30, 2026 | $ | 949 | | | $ | 75 | | | $ | 2,406 | | | $ | 284 | | | $ | 3,714 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Commercial
Real Estate | | Commercial | | Residential
Real Estate
Closed-End | | Other
Consumer
Loans | | Total | | For the six months ended | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | Beginning balance, December 31, 2024 | $ | 1,140 | | | $ | 483 | | | $ | 2,644 | | | $ | 247 | | | $ | 4,514 | | | Provision for (recapture of) credit losses | 167 | | | (395) | | | (84) | | | (9) | | | (321) | | | Loans charged-off | — | | | — | | | — | | | — | | | — | | | Recoveries collected | — | | | — | | | — | | | — | | | — | | | Ending balance, June 30, 2025 | $ | 1,307 | | | $ | 88 | | | $ | 2,560 | | | $ | 238 | | | $ | 4,193 | |
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| Schedule of Amortized Costs by Segment of Loans and Credit Risk Profile of Loan Portfolio |
The following table presents the outstanding balance of the loan portfolio, by year of origination, loan classification, and credit quality, as of June 30, 2026 and December 31, 2025 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | Term Loans by Year of Origination | | Revolving Loans | | Revolving to Term Loans | | Total | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | | | | Commercial real estate | | | | | | | | | | | | | | | | | | | Pass | $ | 691 | | | $ | 4,492 | | | $ | 1,319 | | | $ | 2,456 | | | $ | 3,354 | | | $ | 30,234 | | | $ | — | | | $ | — | | | $ | 42,546 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | 1,615 | | | 2,160 | | | — | | | — | | | 3,775 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 691 | | | $ | 4,492 | | | $ | 1,319 | | | $ | 2,456 | | | $ | 4,969 | | | $ | 32,394 | | | $ | — | | | $ | — | | | $ | 46,321 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | Pass | $ | 416 | | | $ | 452 | | | $ | 23 | | | $ | — | | | $ | 500 | | | $ | 824 | | | $ | 2,427 | | | $ | — | | | $ | 4,642 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 416 | | | $ | 452 | | | $ | 23 | | | $ | — | | | $ | 500 | | | $ | 824 | | | $ | 2,427 | | | $ | — | | | $ | 4,642 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Residential real estate closed-end | | | | | | | | | | | | | | | | | | | Pass | $ | 11,405 | | | $ | 12,324 | | | $ | 10,372 | | | $ | 10,774 | | | $ | 44,065 | | | $ | 110,901 | | | $ | — | | | $ | 61 | | | $ | 199,902 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | 902 | | | — | | | — | | | 902 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 11,405 | | | $ | 12,324 | | | $ | 10,372 | | | $ | 10,774 | | | $ | 44,065 | | | $ | 111,803 | | | $ | — | | | $ | 61 | | | $ | 200,804 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Other consumer loans | | | | | | | | | | | | | | | | | | | Pass | $ | 48 | | | $ | 30 | | | $ | 8 | | | $ | — | | | $ | — | | | $ | 1 | | | $ | 22,431 | | | $ | — | | | $ | 22,518 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 48 | | | $ | 30 | | | $ | 8 | | | $ | — | | | $ | — | | | $ | 1 | | | $ | 22,431 | | | $ | — | | | $ | 22,518 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Total Portfolio Loans | | | | | | | | | | | | | | | | | | | Pass | $ | 12,560 | | | $ | 17,298 | | | $ | 11,722 | | | $ | 13,230 | | | $ | 47,919 | | | $ | 141,960 | | | $ | 24,858 | | | $ | 61 | | | $ | 269,608 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | 1,615 | | | 3,062 | | | — | | | — | | | 4,677 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total Portfolio Loans | $ | 12,560 | | | $ | 17,298 | | | $ | 11,722 | | | $ | 13,230 | | | $ | 49,534 | | | $ | 145,022 | | | $ | 24,858 | | | $ | 61 | | | $ | 274,285 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | Term Loans by Year of Origination | | Revolving Loans | | Revolving to Term Loans | | Total | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | | | | Commercial real estate | | | | | | | | | | | | | | | | | | | Pass | $ | 4,492 | | | $ | 2,808 | | | $ | 2,480 | | | $ | 3,074 | | | $ | 6,311 | | | $ | 23,778 | | | $ | — | | | $ | — | | | $ | 42,943 | | | Special Mention | — | | | — | | | — | | | — | | | 1,469 | | | — | | | — | | | — | | | 1,469 | | | Substandard | — | | | — | | | — | | | 1,635 | | | 494 | | | 1,737 | | | — | | | — | | | 3,866 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 4,492 | | | $ | 2,808 | | | $ | 2,480 | | | $ | 4,709 | | | $ | 8,274 | | | $ | 25,515 | | | $ | — | | | $ | — | | | $ | 48,278 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | Pass | $ | 211 | | | $ | 322 | | | $ | — | | | $ | 500 | | | $ | 4 | | | $ | 933 | | | $ | 2,551 | | | $ | — | | | $ | 4,521 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 211 | | | $ | 322 | | | $ | — | | | $ | 500 | | | $ | 4 | | | $ | 933 | | | $ | 2,551 | | | $ | — | | | $ | 4,521 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Residential real estate closed-end | | | | | | | | | | | | | | | | | | | Pass | $ | 12,901 | | | $ | 13,961 | | | $ | 12,398 | | | $ | 45,177 | | | $ | 40,709 | | | $ | 75,587 | | | $ | — | | | $ | — | | | $ | 200,733 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | 327 | | | — | | | — | | | 327 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 12,901 | | | $ | 13,961 | | | $ | 12,398 | | | $ | 45,177 | | | $ | 40,709 | | | $ | 75,914 | | | $ | — | | | $ | — | | | $ | 201,060 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Other consumer loans | | | | | | | | | | | | | | | | | | | Pass | $ | 42 | | | $ | 11 | | | $ | — | | | $ | — | | | $ | 8 | | | $ | — | | | $ | 20,839 | | | $ | — | | | $ | 20,900 | | | Special Mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | $ | 42 | | | $ | 11 | | | $ | — | | | $ | — | | | $ | 8 | | | $ | — | | | $ | 20,839 | | | $ | — | | | $ | 20,900 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | Total Portfolio Loans | | | | | | | | | | | | | | | | | | | Pass | $ | 17,646 | | | $ | 17,102 | | | $ | 14,878 | | | $ | 48,751 | | | $ | 47,032 | | | $ | 100,298 | | | $ | 23,390 | | | $ | — | | | $ | 269,097 | | | Special Mention | — | | | — | | | — | | | — | | | 1,469 | | | — | | | — | | | — | | | 1,469 | | | Substandard | — | | | — | | | — | | | 1,635 | | | 494 | | | 2,064 | | | — | | | — | | | 4,193 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total Portfolio Loans | $ | 17,646 | | | $ | 17,102 | | | $ | 14,878 | | | $ | 50,386 | | | $ | 48,995 | | | $ | 102,362 | | | $ | 23,390 | | | $ | — | | | $ | 274,759 | | | Current period gross charge-offs | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
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