v3.26.1
Loans and Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2026
Loans and Allowance for Credit Losses  
Schedule of loans

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

1-4 Family Residential Mortgage

$

144,710

$

140,677

Home Equity and Second Mortgage

 

76,155

 

71,435

Multifamily Residential

 

57,258

 

69,567

1-4 Family Residential Construction

 

15,926

 

15,445

Other Construction, Development and Land

 

50,187

 

41,227

Commercial Real Estate

 

212,549

 

207,124

Commercial Business

 

66,149

 

61,991

Consumer and Other

 

54,871

 

55,676

Principal loan balance

 

677,805

 

663,142

Deferred loan origination fees and costs, net

 

1,033

 

1,066

Allowance for credit losses

 

(10,714)

 

(10,108)

Loans, net

$

668,124

$

654,100

Other

1-4 Family

Home Equity

1-4 Family

Construction,

  ​

  ​

  ​

  ​

Residential

and Second

Multifamily

Residential

Development

Commercial

Commercial

Consumer

  ​ ​ ​

Mortgage

  ​ ​ ​

Mortgage

  ​ ​ ​

Residential

  ​ ​ ​

Construction

  ​ ​ ​

and Land

  ​ ​ ​

Real Estate

  ​ ​ ​

Business

  ​ ​ ​

and Other

  ​ ​ ​

Total

June 30, 2026

(In thousands)

Amortized Cost Basis in Loans:

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

Principal loan balance

$

144,710

$

76,155

$

57,258

$

15,926

$

50,187

$

212,549

$

66,149

$

54,871

$

677,805

Net deferred loan origination fees and costs

 

67

 

1,218

 

(46)

 

 

(54)

 

(146)

 

(6)

 

 

1,033

Amortized cost basis in loans

$

144,777

$

77,373

$

57,212

$

15,926

$

50,133

$

212,403

$

66,143

$

54,871

$

678,838

December 31, 2025

Amortized Cost Basis in Loans:

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

Principal loan balance

$

140,677

$

71,435

$

69,567

$

15,445

$

41,227

$

207,124

$

61,991

$

55,676

$

663,142

Net deferred loan origination fees and costs

 

81

 

1,231

 

(45)

 

 

(49)

 

(150)

 

(2)

 

 

1,066

Amortized cost basis in loans

$

140,758

$

72,666

$

69,522

$

15,445

$

41,178

$

206,974

$

61,989

$

55,676

$

664,208

Schedule of analysis of the changes in the ACL on loan

Other

1-4 Family

Home Equity

1-4 Family

Construction,

Residential

and Second

Multifamily

Residential

Development

Commercial

Commercial

Consumer

  ​ ​ ​

Mortgage

  ​ ​ ​

Mortgage

  ​ ​ ​

Residential

  ​ ​ ​

Construction

  ​ ​ ​

and Land

  ​ ​ ​

Real Estate

  ​ ​ ​

Business

  ​ ​ ​

and Other

  ​ ​ ​

Total

June 30, 2026

(In thousands)

ACL on Loans:

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

Beginning balance

$

1,548

$

959

$

818

$

233

$

548

$

2,552

$

2,620

$

1,069

$

10,347

Provision for credit losses

 

28

 

23

 

(102)

 

10

 

28

 

655

 

(185)

 

(32)

 

425

Charge-offs

 

 

 

 

 

 

 

(3)

 

(100)

 

(103)

Recoveries

 

 

 

 

 

 

 

8

 

37

 

45

Ending balance

$

1,576

$

982

$

716

$

243

$

576

$

3,207

$

2,440

$

974

$

10,714

June 30, 2025

ACL on Loans:

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

Beginning balance

$

1,438

$

567

$

431

$

223

$

1,179

$

2,328

$

2,337

$

1,032

$

9,535

Provision for credit losses

 

69

 

201

 

32

 

24

 

(484)

 

704

 

(122)

 

(118)

 

306

Charge-offs

 

 

 

 

 

 

 

(56)

 

(111)

 

(167)

Recoveries

 

4

 

 

 

 

 

 

21

 

29

 

54

Ending balance

$

1,511

$

768

$

463

$

247

$

695

$

3,032

$

2,180

$

832

$

9,728

Other

1-4 Family

Home Equity

1-4 Family

Construction,

Residential

and Second

Multifamily

Residential

Development

Commercial

Commercial

Consumer

  ​ ​ ​

Mortgage

  ​ ​ ​

Mortgage

  ​ ​ ​

Residential

  ​ ​ ​

Construction

  ​ ​ ​

and Land

  ​ ​ ​

Real Estate

  ​ ​ ​

Business

  ​ ​ ​

and Other

  ​ ​ ​

Total

June 30, 2026

(In thousands)

ACL on Loans:

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

Beginning balance

$

1,393

$

937

$

696

$

213

$

437

$

3,243

$

2,252

$

937

$

10,108

Provision for credit losses

 

184

 

45

 

20

 

30

 

139

 

(36)

 

236

 

157

 

775

Charge-offs

 

(1)

 

 

 

 

 

 

(67)

 

(255)

 

(323)

Recoveries

 

 

 

 

 

 

 

19

 

135

 

154

Ending balance

$

1,576

$

982

$

716

$

243

$

576

$

3,207

$

2,440

$

974

$

10,714

June 30, 2025

ACL on Loans:

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

  ​

Beginning balance

$

1,592

$

478

$

545

$

184

$

588

$

2,459

$

2,424

$

1,011

$

9,281

Provision for credit losses

 

(88)

 

290

 

(82)

 

63

 

107

 

573

 

(183)

 

(36)

 

644

Charge-offs

 

 

 

 

 

 

 

(83)

 

(211)

 

(294)

Recoveries

 

7

 

 

 

 

 

 

22

 

68

 

97

Ending balance

$

1,511

$

768

$

463

$

247

$

695

$

3,032

$

2,180

$

832

$

9,728

Schedule of the amortized cost basis of, and ACL allocation to, individually evaluated collateral-dependent loans

Real

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

ACL

Estate

Equipment

Other

Total

Allocation

June 30, 2026

(In thousands)

1-4 Family Residential Mortgage

$

1,722

$

$

$

1,722

$

Home Equity and Second Mortgage

 

453

 

 

 

453

 

Multifamily Residential

 

 

 

 

 

1-4 Family Residential Construction

 

98

 

 

 

98

 

61

Other Construction, Development and Land

 

127

 

 

 

127

 

Commercial Real Estate

 

3,143

 

 

 

3,143

 

548

Commercial Business

 

 

1,460

 

137

 

1,597

 

1,233

Consumer and Other

 

 

 

3

 

3

 

$

5,543

$

1,460

$

140

$

7,143

$

1,842

December 31, 2025

1-4 Family Residential Mortgage

$

1,835

$

$

$

1,835

$

Home Equity and Second Mortgage

 

503

 

 

 

503

 

Multifamily Residential

 

 

 

 

 

1-4 Family Residential Construction

 

97

 

 

 

97

 

60

Other Construction, Development and Land

 

118

 

 

 

118

 

Commercial Real Estate

 

2,175

 

 

 

2,175

 

Commercial Business

 

 

1,645

 

467

 

2,112

 

1,233

Consumer and Other

 

 

 

15

 

15

 

$

4,728

$

1,645

$

482

$

6,855

$

1,293

Schedule of nonaccrual status and loans 90 days or more past due and still accruing

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Loans 90+ Days

  ​ ​ ​

Total

Nonaccrual Loans

Nonaccrual Loans

Total

Past Due

Nonperforming

with No ACL

with An ACL

Nonaccrual

Still Accruing

Loans

June 30, 2026

(In thousands)

1-4 Family Residential Mortgage

$

1,462

$

$

1,462

$

$

1,462

Home Equity and Second Mortgage

 

280

 

 

280

 

 

280

Multifamily Residential

 

 

 

 

 

1-4 Family Residential Construction

 

 

98

 

98

 

 

98

Other Construction, Development and Land

 

73

 

 

73

 

 

73

Commercial Real Estate

 

419

 

988

 

1,407

 

 

1,407

Commercial Business

 

99

 

1,501

 

1,600

 

 

1,600

Consumer and Other

 

 

 

 

 

Total

$

2,333

$

2,587

$

4,920

$

$

4,920

December 31, 2025

1-4 Family Residential Mortgage

$

1,552

$

$

1,552

$

$

1,552

Home Equity and Second Mortgage

 

329

 

 

329

 

 

329

Multifamily Residential

 

 

 

 

 

1-4 Family Residential Construction

 

 

97

 

97

 

 

97

Other Construction, Development and Land

 

72

 

 

72

 

 

72

Commercial Real Estate

 

417

 

 

417

 

 

417

Commercial Business

 

99

 

1,687

 

1,786

 

83

 

1,869

Consumer and Other

 

15

 

 

15

 

 

15

Total

$

2,484

$

1,784

$

4,268

$

83

$

4,351

Schedule of the aging of the amortized cost basis in loans

  ​ ​ ​

30-59 Days

  ​ ​ ​

60-89 Days

  ​ ​ ​

90 Days or More

  ​ ​ ​

Total

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Total

Past Due

Past Due

Past Due

Past Due

Current

Loans

June 30, 2026

(In thousands)

1-4 Family Residential Mortgage

$

2,239

$

305

$

1,074

$

3,618

$

141,159

$

144,777

Home Equity and Second Mortgage

 

485

 

 

 

485

 

76,888

 

77,373

Multifamily Residential

 

 

 

 

 

57,212

 

57,212

1-4 Family Residential Construction

 

 

 

98

 

98

 

15,828

 

15,926

Other Construction, Development and Land

 

81

 

54

 

73

 

208

 

49,925

 

50,133

Commercial Real Estate

 

630

 

170

 

419

 

1,219

 

211,184

 

212,403

Commercial Business

 

56

 

105

 

140

 

301

 

65,842

 

66,143

Consumer and Other

 

315

 

140

 

 

455

 

54,416

 

54,871

Total

$

3,806

$

774

$

1,804

$

6,384

$

672,454

$

678,838

December 31, 2025

1-4 Family Residential Mortgage

$

849

$

249

$

1,011

$

2,109

$

138,649

$

140,758

Home Equity and Second Mortgage

 

668

 

 

52

 

720

 

71,946

 

72,666

Multifamily Residential

 

 

 

 

 

69,522

 

69,522

1-4 Family Residential Construction

 

 

 

97

 

97

 

15,348

 

15,445

Other Construction, Development and Land

 

80

 

 

72

 

152

 

41,026

 

41,178

Commercial Real Estate

 

827

 

707

 

417

 

1,951

 

205,023

 

206,974

Commercial Business

 

92

 

19

 

223

 

334

 

61,655

 

61,989

Consumer and Other

 

198

 

86

 

15

 

299

 

55,377

 

55,676

Total

$

2,714

$

1,061

$

1,887

$

5,662

$

658,546

$

664,208

Schedule of the risk category of loans by class of loans

Term Loans Amortized Cost Basis by Origination Year

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

Revolving

  ​ ​ ​

Total

 

(In thousands)

1-4 Family Residential Mortgage

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

16,196

$

24,249

$

16,088

$

21,426

$

22,070

$

41,775

$

$

141,804

Special Mention

 

364

 

 

 

 

 

888

 

 

1,252

Substandard

 

 

 

 

 

 

260

 

 

260

Doubtful

 

13

 

 

186

 

30

 

28

 

1,204

 

 

1,461

$

16,573

$

24,249

$

16,274

$

21,456

$

22,098

$

44,127

$

$

144,777

Current period gross write-offs

$

$

$

1

$

$

$

$

$

1

Home Equity and Second Mortgage

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

1,111

$

2,013

$

1,168

$

2,514

$

2,392

$

377

$

67,239

$

76,814

Special Mention

 

 

 

 

 

 

 

106

 

106

Substandard

 

 

 

 

 

 

 

173

 

173

Doubtful

 

 

 

 

 

 

280

 

 

280

$

1,111

$

2,013

$

1,168

$

2,514

$

2,392

$

657

$

67,518

$

77,373

Current period gross write-offs

$

$

$

$

$

$

$

$

Multifamily Residential

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

2,708

$

16,890

$

950

$

7,445

$

13,297

$

14,489

$

$

55,779

Special Mention

 

 

 

 

1,433

 

 

 

 

1,433

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

$

2,708

$

16,890

$

950

$

8,878

$

13,297

$

14,489

$

$

57,212

Current period gross write-offs

$

$

$

$

$

$

$

$

1-4 Family Residential Construction

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

3,913

$

10,423

$

1,340

$

$

$

$

$

15,676

Special Mention

 

152

 

 

 

 

 

 

 

152

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

98

 

 

98

$

4,065

$

10,423

$

1,340

$

$

$

98

$

$

15,926

Current period gross write-offs

$

$

$

$

$

$

$

$

Other Construction, Development and Land

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

4,749

$

24,125

$

8,311

$

6,822

$

2,637

$

3,362

$

$

50,006

Special Mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

54

 

 

54

Doubtful

 

 

 

 

 

 

73

 

 

73

$

4,749

$

24,125

$

8,311

$

6,822

$

2,637

$

3,489

$

$

50,133

Current period gross write-offs

$

$

$

$

$

$

$

$

Commercial Real Estate

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

12,357

$

20,240

$

26,415

$

19,097

$

52,697

$

73,219

$

4,537

$

208,562

Special Mention

 

 

 

 

 

161

 

170

 

368

 

699

Substandard

 

 

 

303

 

699

 

 

733

 

 

1,735

Doubtful

 

 

 

 

 

 

1,407

 

 

1,407

$

12,357

$

20,240

$

26,718

$

19,796

$

52,858

$

75,529

$

4,905

$

212,403

Current period gross write-offs

$

$

$

$

$

$

$

$

  ​ ​ ​

Term Loans Amortized Cost Basis by Origination Year

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

Revolving

  ​ ​ ​

Total

(In thousands)

Commercial Business

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

9,761

$

11,745

$

4,535

$

5,917

$

5,287

$

12,819

$

13,892

$

63,956

Special Mention

 

295

 

13

 

6

 

 

18

 

 

216

 

548

Substandard

 

 

 

 

 

 

17

 

22

 

39

Doubtful

 

 

 

 

107

 

1,460

 

33

 

 

1,600

$

10,056

$

11,758

$

4,541

$

6,024

$

6,765

$

12,869

$

14,130

$

66,143

Current period gross write-offs

$

$

$

45

$

$

22

$

$

$

67

Consumer and Other

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

12,951

$

14,470

$

8,191

$

7,337

$

2,400

$

6,802

$

2,560

$

54,711

Special Mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

3

 

 

157

 

160

Doubtful

 

 

 

 

 

 

 

 

$

12,951

$

14,470

$

8,191

$

7,337

$

2,403

$

6,802

$

2,717

$

54,871

Current period gross write-offs

$

$

94

$

50

$

49

$

12

$

6

$

44

$

255

Total Loans

Pass

$

63,746

$

124,155

$

66,998

$

70,558

$

100,780

$

152,843

$

88,228

$

667,308

Special Mention

811

13

6

1,433

179

1,058

690

4,190

Substandard

303

699

3

1,064

352

2,421

Doubtful

13

186

137

1,488

3,095

4,919

$

64,570

$

124,168

$

67,493

$

72,827

$

102,450

$

158,060

$

89,270

$

678,838

Current period gross write-offs

$

$

94

$

96

$

49

$

34

$

6

$

44

$

323

  ​ ​ ​

Term Loans Amortized Cost Basis by Origination Year

 

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Revolving

  ​ ​ ​

Total

 

(In thousands)

1-4 Family Residential Mortgage

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

25,785

$

18,522

$

24,845

$

22,939

$

19,268

$

26,477

$

$

137,836

Special Mention

 

 

 

20

 

 

1,008

 

60

 

 

1,088

Substandard

 

 

 

 

 

97

 

185

 

 

282

Doubtful

 

 

177

 

31

 

142

 

120

 

1,082

 

 

1,552

$

25,785

$

18,699

$

24,896

$

23,081

$

20,493

$

27,804

$

$

140,758

Home Equity and Second Mortgage

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

2,066

$

1,428

$

2,835

$

2,649

$

202

$

282

$

62,515

$

71,977

Special Mention

 

57

 

 

 

129

 

 

 

 

186

Substandard

 

 

 

 

 

 

 

174

 

174

Doubtful

 

 

 

 

 

 

329

 

 

329

$

2,123

$

1,428

$

2,835

$

2,778

$

202

$

611

$

62,689

$

72,666

Multifamily Residential

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

16,912

$

5,981

$

8,955

$

19,754

$

6,759

$

11,161

$

$

69,522

Special Mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

$

16,912

$

5,981

$

8,955

$

19,754

$

6,759

$

11,161

$

$

69,522

1-4 Family Residential Construction

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

11,472

$

3,876

$

$

$

$

$

$

15,348

Special Mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

97

 

 

 

97

$

11,472

$

3,876

$

$

$

97

$

$

$

15,445

  ​ ​ ​

Term Loans Amortized Cost Basis by Origination Year

 

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Revolving

  ​ ​ ​

Total

 

(In thousands)

Other Construction, Development and Land

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

21,034

$

3,987

$

9,534

$

2,827

$

955

$

2,723

$

$

41,060

Special Mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

46

 

 

46

Doubtful

 

 

 

 

 

 

72

 

 

72

$

21,034

$

3,987

$

9,534

$

2,827

$

955

$

2,841

$

$

41,178

Commercial Real Estate

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

18,784

$

26,438

$

19,826

$

55,077

$

24,474

$

54,907

$

4,936

$

204,442

Special Mention

 

19

 

 

 

165

 

 

173

 

 

357

Substandard

 

 

306

 

707

 

 

541

 

204

 

 

1,758

Doubtful

 

 

 

 

 

 

417

 

 

417

$

18,803

$

26,744

$

20,533

$

55,242

$

25,015

$

55,701

$

4,936

$

206,974

Commercial Business

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

13,738

$

5,223

$

7,136

$

6,426

$

7,138

$

8,141

$

11,738

$

59,540

Special Mention

 

54

 

14

 

160

 

23

 

14

 

 

30

 

295

Substandard

 

197

 

 

 

 

30

 

 

142

 

369

Doubtful

 

 

 

107

 

1,645

 

 

33

 

 

1,785

$

13,989

$

5,237

$

7,403

$

8,094

$

7,182

$

8,174

$

11,910

$

61,989

Consumer and Other

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

18,791

$

10,946

$

9,962

$

3,844

$

1,129

$

6,809

$

4,103

$

55,584

Special Mention

 

 

 

 

3

 

 

 

 

3

Substandard

 

 

 

 

 

 

 

74

 

74

Doubtful

 

 

15

 

 

 

 

 

 

15

$

18,791

$

10,961

$

9,962

$

3,847

$

1,129

$

6,809

$

4,177

$

55,676

Total Loans

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Pass

$

128,582

$

76,401

$

83,093

$

113,516

$

59,925

$

110,500

$

83,292

$

655,309

Special Mention

 

130

 

14

 

180

 

320

 

1,022

 

233

 

30

 

1,929

Substandard

 

197

 

306

 

707

 

 

668

 

435

 

390

 

2,703

Doubtful

 

 

192

 

138

 

1,787

 

217

 

1,933

 

 

4,267

$

128,909

$

76,913

$

84,118

$

115,623

$

61,832

$

113,101

$

83,712

$

664,208