v3.26.1
Loans (Tables)
6 Months Ended
Jun. 30, 2026
Loans  
Schedule of composition of the loan portfolio

The composition of the loan portfolio at June 30, 2026 and December 31, 2025 is as follows (in thousands):

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Real estate, residential

$

90,293

$

86,980

Real estate, construction

 

33,022

 

24,990

Real estate, nonresidential

 

127,293

 

124,843

Commercial and industrial

 

16,489

 

17,077

Other

 

10,065

 

9,816

Total

$

277,162

$

263,706

Schedule of age analysis of the loan portfolio, segregated by class of loans

The age analysis of the loan portfolio, segregated by class of loans, as of June 30, 2026, and December 31, 2025 is as follows (in thousands):

Loans Past

Due Greater

Number of Days Past Due

Than 90

Greater

Total

Total

Days and

  ​ ​ ​

30 - 59

  ​ ​ ​

60 - 89

  ​ ​ ​

Than 90

  ​ ​ ​

Past Due

  ​ ​ ​

Current

  ​ ​ ​

Loans

  ​ ​ ​

Still Accruing

June 30, 2026:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Real estate, residential

$

423

$

88

$

102

$

613

$

89,680

$

90,293

$

Real estate, construction

 

76

 

 

 

76

 

32,946

 

33,022

 

Real estate, nonresidential

 

 

3

 

 

3

 

127,290

 

127,293

 

Commercial and industrial

 

 

7

 

 

7

 

16,482

 

16,489

 

Other

 

58

 

 

 

58

 

10,007

 

10,065

 

Total

$

557

$

98

$

102

$

757

$

276,405

$

277,162

$

December 31, 2025:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Real estate, residential

$

398

$

274

$

17

$

689

$

86,291

$

86,980

$

Real estate, construction

 

115

 

 

 

115

 

24,875

 

24,990

 

Real estate, nonresidential

 

104

 

188

 

 

292

 

124,551

 

124,843

 

Commercial and industrial

 

 

385

 

13

 

398

 

16,679

 

17,077

 

Other

 

24

 

261

 

 

285

 

9,531

 

9,816

 

Total

$

641

$

1,108

$

30

$

1,779

$

261,927

$

263,706

$

Schedule of credit quality disclosures

The following tables further disaggregate credit quality disclosures by amortized cost by class and vintage for term loans and by revolving and revolving converted to amortizing as of June 30, 2026 and December 31, 2025 (in thousands). The Company defines vintage as the later of origination, or restructure date.

Revision of Prior Year Presentation

Certain prior year amounts have been revised for consistency with the current year presentation. These revisions had no effect on the reported results of operations.

  ​ ​ ​

Term Loans

  ​ ​ ​

  ​

  ​ ​ ​

Revolving

  ​ ​ ​

  ​

Amortized Cost Basis by Origination Year

Loans

Revolving

Converted to

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Term Loans

  ​ ​ ​

Total

June 30, 2026:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Real Estate, Residential Loans:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

6,500

$

13,829

$

11,901

$

13,212

$

11,630

$

28,157

$

4,001

$

$

89,230

S

 

 

 

 

 

 

43

 

 

 

43

D

 

 

 

 

 

 

445

 

59

 

 

504

E

 

 

 

159

 

 

 

357

 

 

 

516

F

 

 

 

 

 

 

 

 

 

Total Real Estate Residential Loans

$

6,500

$

13,829

$

12,060

$

13,212

$

11,630

$

29,002

$

4,060

$

$

90,293

Real Estate, Construction Loans:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

5,206

$

7,344

$

12,846

$

400

$

1,239

$

5,656

$

206

$

$

32,897

S

 

 

 

 

 

 

 

 

 

D

 

 

 

 

 

 

125

 

 

 

125

E

 

 

 

 

 

 

 

 

 

F

 

 

 

 

 

 

 

 

 

Total Real Estate, Construction Loans

$

5,206

$

7,344

$

12,846

$

400

$

1,239

$

5,781

$

206

$

$

33,022

Real Estate,Nonresidential Loans:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

8,719

$

20,189

$

2,654

$

10,162

$

22,888

$

55,231

$

7,188

$

$

127,031

S

 

 

 

 

 

 

40

 

 

 

40

D

 

 

 

 

 

 

222

 

 

 

222

E

 

 

 

 

 

 

 

 

 

F

 

 

 

 

 

 

 

 

 

Total Real Estate, Nonresidential Loans

$

8,719

$

20,189

$

2,654

$

10,162

$

22,888

$

55,493

$

7,188

$

$

127,293

Commercial and industrial

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

423

$

1,830

$

750

$

373

$

264

$

4,099

$

8,743

$

$

16,482

S

 

 

 

 

 

 

 

 

 

D

 

 

 

 

 

 

 

 

 

E

 

 

 

 

 

7

 

 

 

 

7

F

 

 

 

 

 

 

 

 

 

Total Commercial and Industrial Loans

$

423

$

1,830

$

750

$

373

$

271

$

4,099

$

8,743

$

$

16,489

Consumer/Other Loans

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

1,906

$

3,398

$

2,203

$

1,465

$

374

$

360

$

353

$

$

10,059

S

 

 

 

 

 

 

 

 

 

D

 

 

 

2

 

 

 

 

4

 

 

6

E

 

 

 

 

 

 

 

 

 

F

 

 

 

 

 

 

 

 

 

Total Consumer/Other Loans

$

1,906

$

3,398

$

2,205

$

1,465

$

374

$

360

$

357

$

$

10,065

Term Loans

Revolving

Amortized Cost Basis by Origination Year

Loans

Revolving

Converted to

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Term Loans

  ​ ​ ​

Total

December 31, 2025:

Real Estate, Residential Loans:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

13,825

$

12,689

$

13,706

$

12,435

$

9,217

$

21,039

$

2,928

$

$

85,839

S

 

 

 

 

 

 

49

 

 

 

49

D

 

 

 

 

 

 

514

 

58

 

 

572

E

 

 

167

 

 

 

274

 

79

 

 

 

520

F

 

 

 

 

 

 

 

 

 

Total Real Estate Residential Loans

$

13,825

$

12,856

$

13,706

$

12,435

$

9,491

$

21,681

$

2,986

$

$

86,980

Real Estate, Construction Loans:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

5,900

$

10,795

$

640

$

1,309

$

2,712

$

3,383

$

1

$

$

24,740

S

 

 

 

 

 

 

 

 

 

D

 

 

 

117

 

 

 

133

 

 

 

250

E

 

 

 

 

 

 

 

 

 

F

 

 

 

 

 

 

 

 

 

Total Real Estate, Construction Loans

$

5,900

$

10,795

$

757

$

1,309

$

2,712

$

3,516

$

1

$

$

24,990

Real Estate,Nonresidential Loans:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

22,014

$

2,718

$

10,432

$

26,176

$

9,473

$

48,501

$

5,016

$

$

124,330

S

 

 

 

 

 

 

48

 

 

 

48

D

 

 

 

 

 

 

465

 

 

 

465

E

 

 

 

 

 

 

 

 

 

F

 

 

 

 

 

 

 

 

 

Total Real Estate, Nonresidential Loans

$

22,014

$

2,718

$

10,432

$

26,176

$

9,473

$

49,014

$

5,016

$

$

124,843

Commercial and industrial

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

2,169

$

875

$

323

$

305

$

2

$

4,222

$

9,168

$

$

17,064

S

 

 

 

 

 

 

 

 

 

D

 

 

 

 

 

 

 

 

 

E

 

 

 

 

13

 

 

 

 

 

13

F

 

 

 

 

 

 

 

 

 

Total Commercial and Industrial Loans

$

2,169

$

875

$

323

$

318

$

2

$

4,222

$

9,168

$

$

17,077

Consumer/Other Loans

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

A, B, or C

$

4,102

$

2,680

$

1,780

$

502

$

236

$

249

$

260

$

$

9,809

S

 

 

 

 

 

 

 

 

 

D

 

 

3

 

 

 

 

 

4

 

 

7

E

 

 

 

 

 

 

 

 

 

F

 

 

 

 

 

 

 

 

 

Total Consumer/Other Loans

$

4,102

$

2,683

$

1,780

$

502

$

236

$

249

$

264

$

$

9,816

Schedule of company's nonaccrual loans

The following table is a summary of the Company’s nonaccrual loans by major categories for the periods indicated (in thousands):

  ​ ​ ​

June 30, 2026

Nonaccrual Loans with

  ​ ​ ​

Nonaccrual Loans

  ​ ​ ​

Total Nonaccrual

  ​ ​ ​

No Allowance

 

with an Allowance

 

Loans

Real estate, residential

$

324

$

155

$

479

Commercial and industrial

 

 

7

 

7

Total

$

324

$

162

$

486

December 31, 2025

  ​ ​ ​

Nonaccrual Loans with

  ​ ​ ​

Nonaccrual Loans

  ​ ​ ​

Total Nonaccrual

 

No Allowance

 

with an Allowance

 

Loans

Real estate, residential

$

352

$

168

$

520

Commercial and industrial

13

13

Total

$

352

$

181

$

533

Schedule of accrued interest receivables

The following table represents the accrued interest receivables written off by reversing interest income during the six months ended June 30, 2026 and the year ended December 31, 2025 (in thousands):

   ​ ​

June 30, 2026

   ​ ​

December 31, 2025

Real estate, residential

$

$

3

Total loans

$

$

3

Schedule of collateral-dependent loans

The following table presents an analysis of collateral-dependent loans of the Company as of June 30, 2026 and December 31, 2025 (in thousands):

  ​ ​ ​

June 30, 2026

December 31, 2025

Real estate, residential

$

483

$

523

Commercial and industrial

7

13

Total loans

$

490

$

536

Schedule of disaggregates nonaccrual disclosures

The following tables further disaggregates nonaccrual disclosures by amortized cost by class and vintage for term loans and by revolving and revolving converted to amortizing as of June 30, 2026 and December 31, 2025 (in thousands). The Company defines vintage as the later of origination or restructure date:

  ​ ​ ​

Term Loans

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Revolving

  ​ ​ ​

  ​ ​ ​

Amortized Cost Basis by Origination Year

Loans

Revolving

Converted to

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Term Loans

  ​ ​ ​

Total

June 30, 2026:

Real estate, residential

$

$

$

159

$

$

$

320

$

$

$

479

Real estate, construction

 

 

 

 

 

 

 

 

 

Real estate, nonresidential

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

 

7

 

 

 

 

7

Consumer/Other

Total Loans on Nonaccrual

$

$

$

159

$

$

7

$

320

$

$

$

486

Term Loans

Revolving

Amortized Cost Basis by Origination Year

Loans

Revolving

Converted to

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Term Loans

  ​ ​ ​

Total

December 31, 2025:

Real estate, residential

$

$

167

$

$

$

274

$

79

$

$

$

520

Real estate, construction

 

 

 

 

 

 

 

 

 

Real estate, nonresidential

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

13

 

 

 

 

 

13

Consumer/Other

 

 

 

 

 

 

 

 

 

Total Loans on Nonaccrual

$

$

167

$

$

13

$

274

$

79

$

$

$

533

Schedule of loans modified to borrowers experiencing financial difficulty

The following table shows the amortized cost basis as of June 30, 2026 of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of loans and type of concession granted and describes the financial effect of the modifications made to borrowers experiencing financial difficulty (in thousands):

Term Extension

June 30, 2026

Amortized Cost

% of Total Loan

  ​ ​ ​

Basis

  ​ ​ ​

Type

  ​ ​ ​

Financial Effect

Real estate, nonresidential

  ​ ​ ​

$

450

  ​ ​ ​

0.35%

Added a weighted average 4 years to life of loan, due to negative amortization on loan, accrued interest was capitalized into the loan principal balance and the interest rate was reduced

Total

$

450

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last 12 months (in thousands):

Payment Status (Amortized Cost Basis)

June 30, 2026

30-89 Days Past

90+ Days Past

  ​ ​ ​

Current

  ​ ​ ​

Due

  ​ ​ ​

Due

Real estate, nonresidential

$

450

$

$

Total

$

450

$

$