Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2026

Loans and Allowance for Credit Losses

Schedule of categories by purpose of loans


		June 30,			December 31,
		2026			2025

		(In thousands)
Commercial and industrial loans		$	85,898		$	92,019
Commercial real estate
Commercial real estate - secured by residential mortgages			61,815			62,963
Commercial real estate - other			254,883			240,085
Residential real estate			87,016			89,580
Consumer loans			6,122			6,912
Total gross loans			495,734			491,559
Less allowance for credit losses			(4,356)			(4,261)
Total loans		$	491,378		$	487,298

Schedule of allowance for credit losses by collateral type and recorded investment in loans by purpose


		June 30, 2026
		Commercial and			Commercial
		Industrial			Real Estate			Residential			Installment			Total

		(In thousands)
Allowance for credit losses:

Balance, April 1, 2026		$	555		$	2,696		$	877		$	122		$	4,250
Provision for credit loss exposure			(48)			172			(37)			39			126
Losses charged off			—			—			—			(39)			(39)
Recoveries			11			—			—			8			19
Balance, June 30, 2026		$	518		$	2,868		$	840		$	130		$	4,356
Balance, January 1, 2026		$	544		$	2,571		$	1,034		$	112		$	4,261
Provision for credit loss exposure			(20)			297			(194)			73			156
Losses charged off			(20)			—			—			(68)			(88)
Recoveries			14			—			—			13			27
Balance, June 30, 2026		$	518		$	2,868		$	840		$	130		$	4,356

Allocation:

Ending balance: individually evaluated for credit losses		$	—		$	533		$	—		$	—		$	533
Ending balance: collectively evaluated for credit losses		$	518		$	2,335		$	840		$	130		$	3,823
Loans:
Ending balance: individually evaluated for credit losses		$	273		$	5,790		$	344		$	—		$	6,407
Ending balance: collectively evaluated for credit losses		$	85,625		$	310,908		$	86,672		$	6,122		$	489,327


		June 30, 2025
		Commercial and			Commercial
		Industrial			Real Estate			Residential			Installment			Total

		(In thousands)
Allowance for credit losses:

Balance, April 1, 2025		$	597		$	2,101		$	1,253		$	144		$	4,095
Provision for (reversal of) credit loss exposure			42			124			38			2			206
Losses charged off			(110)			—			(4)			(44)			(158)
Recoveries			2			—			—			11			13
Balance, June 30, 2025		$	531		$	2,225		$	1,287		$	113		$	4,156
Balance, January 1, 2025		$	557		$	2,115		$	1,223		$	131		$	4,026
Provision for (reversal of) credit loss exposure			81			110			68			43			302
Losses charged off			(110)			—			(4)			(78)			(192)
Recoveries			3			—			—			17			20
Balance, June 30, 2025		$	531		$	2,225		$	1,287		$	113		$	4,156


		December 31, 2025
		Commercial and			Commercial
		Industrial			Real Estate			Residential			Installment			Total

		(In thousands)
Allowance for credit losses:
Ending balance: individually evaluated for impairment		$	—		$	425		$	—		$	—		$	425
Ending balance: collectively evaluated for impairment		$	544		$	2,146		$	1,034		$	112		$	3,836

Loans:
Ending balance: individually evaluated for impairment		$	312		$	1,385		$	453		$	—		$	2,150
Ending balance: collectively evaluated for impairment		$	91,707		$	301,663		$	89,127		$	6,912		$	489,409

Schedule of portfolio quality indicators

Based on the most recent analysis performed, the following table presents the recorded investment in non-homogeneous loans by internal risk rating system as of June 30, 2026 (in thousands):


																				Revolving			Revolving
																				Loans			Loans
																				Amortized			Converted
June 30, 2026		2026			2025			2024			2023			2022			Prior			Cost Basis			to Term			Total
Commercial and Industrial
Risk Rating
Pass		$	10,837		$	13,119		$	15,076		$	7,475		$	5,285		$	11,556		$	21,271		$	—		$	84,619
Special Mention			—			—			—			—			—			—			1,006			—			1,006
Substandard			—			—			—			—			26			166			81			—			273
Doubtful			—			—			—			—			—			—			—			—			—
Total		$	10,837		$	13,119		$	15,076		$	7,475		$	5,311		$	11,722		$	22,358		$	—		$	85,898

Commercial and Industrial
Current period gross charge-offs		$	—		$	—		$	—		$	—		$	—		$	20		$	—		$	—		$	20

Commercial real estate
Risk Rating
Pass		$	26,673		$	25,406		$	22,647		$	19,507		$	28,625		$	110,780		$	75,298		$	—		$	308,936
Special Mention			—			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			7,762			—			—			7,762
Doubtful			—			—			—			—			—			—			—			—			—
Total		$	26,673		$	25,406		$	22,647		$	19,507		$	28,625		$	118,542		$	75,298		$	—		$	316,698

Commercial real estate
Current period gross charge-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Total
Pass		$	37,510		$	38,525		$	37,723		$	26,982		$	33,910		$	122,336		$	96,569		$	—		$	393,555
Special Mention			—			—			—			—			—			—			1,006			—			1,006
Substandard			—			—			—			—			26			7,928			81			—			8,035
Doubtful			—			—			—			—			—			—			—			—			—
Total		$	37,510		$	38,525		$	37,723		$	26,982		$	33,936		$	130,264		$	97,656		$	—		$	402,596
Current period gross charge-offs		$	—		$	—		$	—		$	—		$	—		$	20		$	—		$	—		$	20


																				Revolving			Revolving
																				Loans			Loans
																				Amortized			Converted
June 30, 2026		2026			2025			2024			2023			2022			Prior			Cost Basis			to Term			Total
Residential Real Estate
Payment Performance
Performing		$	3,829		$	8,955		$	7,640		$	8,042		$	13,658		$	44,548		$	—		$	—		$	86,672
Nonperforming			—			246			20			—			—			78			—			—			344
Total		$	3,829		$	9,201		$	7,660		$	8,042		$	13,658		$	44,626		$	—		$	—		$	87,016

Residential real estate
Current period gross charge-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Consumer
Payment Performance
Performing		$	949		$	1,332		$	2,323		$	579		$	281		$	619		$	35		$	—		$	6,118
Nonperforming			—			—			—			—			—			4			—			—			4
Total		$	949		$	1,332		$	2,323		$	579		$	281		$	623		$	35		$	—		$	6,122

Consumer
Current period gross charge-offs		$	66		$	2		$	—		$	—		$	—		$	—		$	—		$	—		$	68

Total
Payment Performance
Performing		$	4,778		$	10,287		$	9,963		$	8,621		$	13,939		$	45,167		$	35		$	—		$	92,790
Nonperforming			—			246			20			—			—			82			—			—			348
Total		$	4,778		$	10,533		$	9,983		$	8,621		$	13,939		$	45,249		$	35		$	—		$	93,138
Current period gross charge-offs		$	66		$	2		$	—		$	—		$	—		$	—		$	—		$	—		$	68

Based on the most recent analysis performed, the following table presents the recorded investment in non-homogeneous loans by internal risk rating system as of December 31, 2025 (in thousands):


																				Revolving			Revolving
																				Loans			Loans
																				Amortized			Converted
December 31, 2025		2025			2024			2023			2022			2021			Prior			Cost Basis			to Term			Total
Commercial and industrial
Risk Rating
Pass		$	16,029		$	17,946		$	11,518		$	7,127		$	3,815		$	13,946		$	20,293		$	—		$	90,674
Special Mention			—			—			—			—			—			—			1,033			—			1,033
Substandard			—			—			—			26			—			170			116			—			312
Doubtful			—			—			—			—			—			—			—			—			—
Total		$	16,029		$	17,946		$	11,518		$	7,153		$	3,815		$	14,116		$	21,442		$	—		$	92,019

Commercial and industrial
Current period gross charge-offs		$	—		$	—		$	39		$	—		$	—		$	27		$	189		$	—		$	255

Commercial real estate
Risk Rating
Pass		$	22,707		$	19,186		$	28,952		$	29,460		$	39,927		$	85,508		$	65,095		$	—		$	290,835
Special Mention			—			—			—			308			4,198			4,283			—			—			8,789
Substandard			—			—			—			—			368			3,056			—			—			3,424
Doubtful			—			—			—			—			—			—			—			—			—
Total		$	22,707		$	19,186		$	28,952		$	29,768		$	44,493		$	92,847		$	65,095		$	—		$	303,048

Commercial real estate
Current period gross charge-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Total
Pass		$	38,736		$	37,132		$	40,470		$	36,587		$	43,742		$	99,454		$	85,388		$	—		$	381,509
Special Mention			—			—			—			308			4,198			4,283			1,033			—			9,822
Substandard			—			—			—			26			368			3,226			116			—			3,736
Doubtful			—			—			—			—			—			—			—			—			—
Total		$	38,736		$	37,132		$	40,470		$	36,921		$	48,308		$	106,963		$	86,537		$	—		$	395,067
Current period gross charge-offs		$	—		$	—		$	39		$	—		$	—		$	27		$	189		$	—		$	255

The following table presents the amortized cost in residential and consumer loans based on payment activity (in thousands):


																				Revolving			Revolving
																				Loans			Loans
																				Amortized			Converted
December 31, 2025		2025			2024			2023			2022			2021			Prior			Cost Basis			to Term			Total
Residential Real Estate
Payment Performance
Performing		$	10,113		$	7,972		$	8,730		$	14,302		$	13,348		$	34,556		$	—		$	—		$	89,021
Nonperforming			254			22			—			—			—			283			—			—			559
Total		$	10,367		$	7,994		$	8,730		$	14,302		$	13,348		$	34,839		$	—		$	—		$	89,580

Residential real estate
Current period gross charge-offs		$	—		$	—		$	—		$	—		$	4		$	4		$	—		$	—		$	8

Consumer
Payment Performance
Performing		$	1,858		$	2,968		$	787		$	398		$	202		$	643		$	46		$	—		$	6,902
Nonperforming			—			—			—			—			—			10			—			—			10
Total		$	1,858		$	2,968		$	787		$	398		$	202		$	653		$	46		$	—		$	6,912

Consumer
Current period gross charge-offs		$	136		$	7		$	29		$	2		$	—		$	—		$	—		$	—		$	174

Total
Payment Performance
Performing		$	11,971		$	10,940		$	9,517		$	14,700		$	13,550		$	35,202		$	46		$	—		$	95,926
Nonperforming			254			22			—			—			—			294			—			—			570
Total		$	12,225		$	10,962		$	9,517		$	14,700		$	13,550		$	35,496		$	46		$	—		$	96,496
Current period gross charge-offs		$	136		$	7		$	29		$	2		$	4		$	4		$	—		$	—		$	182

Schedule of loan portfolio aging analysis

Loan Portfolio Aging Analysis

As of June 30, 2026


		30-59 Days			60‑89 Days			Greater
		Past Due			Past Due			Than 90 Days						Total Past
		and			and			and						Due and						Total Loans
		Accruing			Accruing			Accruing			Non Accrual			Non Accrual			Current			Receivable

		(In thousands)
Commercial and Industrial		$	—		$	27		$	—		$	273		$	300		$	85,598		$	85,898
Commercial real estate			329			—			—			5,790			6,119			310,579			316,698
Residential			116			44			—			344			504			86,512			87,016
Installment			3			8			4			—			15			6,107			6,122
Total		$	448		$	79		$	4		$	6,407		$	6,938		$	488,796		$	495,734

Loan Portfolio Aging Analysis

As of December 31, 2025


		30‑59 Days			60‑89 Days			Greater
		Past Due			Past Due			Than 90 Days						Total Past
		and			and			and						Due and						Total Loans
		Accruing			Accruing			Accruing			Non Accrual			Non Accrual			Current			Receivable

		(In thousands)
Commercial and Industrial		$	19		$	—		$	—		$	312		$	331		$	91,688		$	92,019
Commercial real estate			124			4,198			—			1,385			5,707			297,341			303,048
Residential			551			45			—			559			1,155			88,425			89,580
Installment			36			—			—			10			46			6,866			6,912
Total		$	730		$	4,243		$	—		$	2,266		$	7,239		$	484,320		$	491,559

Schedule of amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest

The following table present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of June 30, 2026:


											Loans Past
											Due Over 90 Days			Total
		Nonaccrual with no ACL			Nonaccrual with ACL			Total Nonaccrual			Still Accruing			Nonperforming

		(In thousands)
Commercial and Industrial		$	273		$	—		$	273		$	—		$	273
Commercial real estate			4,637			1,153			5,790			—			5,790
Residential			344			—			344			—			344
Installment			—			—			—			4			4
Total		$	5,254		$	1,153		$	6,407		$	4		$	6,411

The following table present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of December 31, 2025:


											Loans Past
											Due Over 90 Days			Total
		Nonaccrual with no ACL			Nonaccrual with ACL			Total Nonaccrual			Still Accruing			Nonperforming

		(In thousands)
Commercial and Industrial		$	312		$	—		$	312		$	—		$	312
Commercial real estate			1			1,384			1,385			—			1,385
Residential			559			—			559			—			559
Consumer			10			—			10			—			10
Total		$	882		$	1,384		$	2,266		$	—		$	2,266