| Schedule of allowance for credit losses on loans |
Transactions in the allowance for credit losses for the three and six months ended June 30, 2026 and 2025, and the balances of loans, individually and collectively evaluated for impairment, as of June 30, 2026 and 2025, are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | Real Estate, | | Real Estate, | | Real Estate, | | Commercial | | | | | | | | | Residential | | Construction | | Nonresidential | | and Industrial | | Other | | Total | Six months ended June 30, 2026 | | | | | | | | | | | | | | | | | | | Allowance for credit losses | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 759 | | $ | 183 | | $ | 1,729 | | $ | 108 | | $ | 160 | | $ | 2,939 | Charge-offs | | | (2) | | | — | | | — | | | — | | | (85) | | | (87) | Recoveries | | | 17 | | | 9 | | | 156 | | | 3 | | | 63 | | | 248 | Net provision for credit losses | | | 72 | | | 73 | | | (191) | | | 10 | | | 36 | | | — | Ending Balance | | $ | 846 | | $ | 265 | | $ | 1,694 | | $ | 121 | | $ | 174 | | $ | 3,100 | Reserve for unfunded lending commitments | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 2 | | $ | 9 | | $ | 12 | | $ | 15 | | $ | 22 | | $ | 60 | Provision for losses on unfunded commitments | | | — | | | (4) | | | (3) | | | (4) | | | (3) | | | (14) | Ending balance-reserve for unfunded commitments | | $ | 2 | | $ | 5 | | $ | 9 | | $ | 11 | | $ | 19 | | $ | 46 | Total allowance for credit losses | | $ | 848 | | $ | 270 | | $ | 1,703 | | $ | 132 | | $ | 193 | | $ | 3,146 | Quarter ended June 30, 2026 | | | | | | | | | | | | | | | | | | | Allowance for credit losses | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 827 | | $ | 238 | | $ | 1,739 | | $ | 115 | | $ | 181 | | $ | 3,100 | Charge-offs | | | (1) | | | — | | | — | | | — | | | (29) | | | (30) | Recoveries | | | 1 | | | — | | | 2 | | | 3 | | | 24 | | | 30 | Net provision for credit losses | | | 19 | | | 27 | | | (47) | | | 3 | | | (2) | | | — | Ending Balance | | $ | 846 | | $ | 265 | | $ | 1,694 | | $ | 121 | | $ | 174 | | $ | 3,100 | Reserve for unfunded lending commitments | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 3 | | $ | 8 | | $ | 11 | | $ | 12 | | $ | 18 | | $ | 52 | Provision for losses on unfunded commitments | | | (1) | | | (3) | | | (2) | | | (1) | | | 1 | | | (6) | Ending balance-reserve for unfunded commitments | | $ | 2 | | $ | 5 | | $ | 9 | | $ | 11 | | $ | 19 | | $ | 46 | Total allowance for credit losses | | $ | 848 | | $ | 270 | | $ | 1,703 | | $ | 132 | | $ | 193 | | $ | 3,146 | Allowance for credit losses | | | | | | | | | | | | | | | | | | | Individually evaluated | | $ | 80 | | $ | — | | $ | — | | $ | 7 | | $ | 6 | | $ | 93 | Collectively evaluated | | | 766 | | | 265 | | | 1,694 | | | 114 | | | 168 | | | 3,007 | Total allowance for credit losses: | | $ | 846 | | $ | 265 | | $ | 1,694 | | $ | 121 | | $ | 174 | | $ | 3,100 | Reserve for unfunded lending commitments | | | | | | | | | | | | | | | | | | | Individually evaluated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Collectively evaluated | | | 2 | | | 5 | | | 9 | | | 11 | | | 19 | | | 46 | Reserve for unfunded lending commitments: | | | 2 | | | 5 | | | 9 | | | 11 | | | 19 | | | 46 | Total allowance for credit losses, June 30, 2026 | | $ | 848 | | $ | 270 | | $ | 1,703 | | $ | 132 | | $ | 193 | | $ | 3,146 | Loans, Quarter ended June 30, 2026 | | | | | | | | | | | | | | | | | | | Individually evaluated | | $ | 1,020 | | $ | 125 | | $ | 222 | | $ | 7 | | $ | 6 | | $ | 1,380 | Collectively evaluated | | | 89,273 | | | 32,897 | | | 127,071 | | | 16,482 | | | 10,059 | | | 275,782 | Total loans, June 30, 2026 | | $ | 90,293 | | $ | 33,022 | | $ | 127,293 | | $ | 16,489 | | $ | 10,065 | | $ | 277,162 |
| | | | | | | | | | | | | | | | | | | | | Real Estate, | | Real Estate, | | Real Estate, | | Commercial | | | | | | | | | Residential | | Construction | | Nonresidential | | and Industrial | | Other | | Total | Six months ended June 30, 2025 | | | | | | | | | | | | | | | | | | | Allowance for credit losses | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 676 | | $ | 135 | | $ | 1,835 | | $ | 92 | | $ | 244 | | $ | 2,982 | Charge-offs | | | (1) | | | — | | | — | | | — | | | (100) | | | (101) | Recoveries | | | 4 | | | 23 | | | 3 | | | — | | | 52 | | | 82 | Net provision for credit losses | | | 51 | | | (12) | | | (42) | | | (17) | | | 23 | | | 3 | Ending Balance | | $ | 730 | | $ | 146 | | $ | 1,796 | | $ | 75 | | $ | 219 | | $ | 2,966 | Reserve for unfunded lending commitments | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 2 | | $ | 23 | | $ | 10 | | $ | 12 | | $ | 36 | | $ | 83 | Provision for losses on unfunded commitments | | | — | | | (3) | | | 5 | | | 2 | | | (12) | | | (8) | Ending balance-reserve for unfunded commitments | | $ | 2 | | $ | 20 | | $ | 15 | | $ | 14 | | $ | 24 | | $ | 75 | Total allowance for credit losses | | $ | 732 | | $ | 166 | | $ | 1,811 | | $ | 89 | | $ | 243 | | $ | 3,041 | Quarter ended June 30, 2025 | | | | | | | | | | | | | | | | | | | Allowance for credit losses | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 728 | | $ | 140 | | $ | 1,766 | | $ | 80 | | $ | 255 | | $ | 2,969 | Charge-offs | | | (1) | | | — | | | — | | | — | | | (47) | | | (48) | Recoveries | | | 2 | | | 14 | | | 2 | | | — | | | 24 | | | 42 | Net provision for credit losses | | | 1 | | | (8) | | | 28 | | | (5) | | | (13) | | | 3 | Ending Balance | | $ | 730 | | $ | 146 | | $ | 1,796 | | $ | 75 | | $ | 219 | | $ | 2,966 | Reserve for unfunded lending commitments | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 3 | | $ | 20 | | $ | 11 | | $ | 15 | | $ | 29 | | $ | 78 | Provision for losses on unfunded commitments | | | (1) | | | — | | | 4 | | | (1) | | | (5) | | | (3) | Ending balance-reserve for unfunded commitments | | $ | 2 | | $ | 20 | | $ | 15 | | $ | 14 | | $ | 24 | | $ | 75 | Total allowance for credit losses | | $ | 732 | | $ | 166 | | $ | 1,811 | | $ | 89 | | $ | 243 | | $ | 3,041 | Allowance for credit losses | | | | | | | | | | | | | | | | | | | Individually evaluated | | $ | 80 | | $ | — | | $ | — | | $ | — | | $ | 8 | | $ | 88 | Collectively evaluated | | | 650 | | | 146 | | | 1,796 | | | 75 | | | 211 | | | 2,878 | Total allowance for credit losses: | | $ | 730 | | $ | 146 | | $ | 1,796 | | $ | 75 | | $ | 219 | | $ | 2,966 | Reserve for unfunded lending commitments | | | | | | | | | | | | | | | | | | | Individually evaluated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Collectively evaluated | | | 2 | | | 20 | | | 15 | | | 14 | | | 24 | | | 75 | Reserve for unfunded lending commitments: | | | 2 | | | 20 | | | 15 | | | 14 | | | 24 | | | 75 | Total allowance for credit losses, June 30, 2025 | | $ | 732 | | $ | 166 | | $ | 1,811 | | $ | 89 | | $ | 243 | | $ | 3,041 | Loans, Quarter ended June 30, 2025 | | | | | | | | | | | | | | | | | | | Individually evaluated | | $ | 1,169 | | $ | 257 | | $ | 468 | | $ | 21 | | $ | 14 | | $ | 1,929 | Collectively evaluated | | | 80,204 | | | 19,217 | | | 122,470 | | | 12,956 | | | 11,522 | | | 246,369 | Total loans, June 30, 2025 | | $ | 81,373 | | $ | 19,474 | | $ | 122,938 | | $ | 12,977 | | $ | 11,536 | | $ | 248,298 |
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| Schedule of gross charge-off disclosures by amortized cost by credit quality indicator |
The following table further disaggregates gross charge-off disclosures by amortized cost by credit quality indicator, class, and year of origination for the six month periods ended June 30, 2026 and June 30, 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 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | A,B, or C | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | S | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | D | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | E | | | — | | | — | | | — | | | — | | | — | | | 2 | | | — | | | — | | | 2 | F | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real estate, residential loans | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 2 | | $ | — | | $ | — | | $ | 2 | Consumer/Other | | | | | | | | | | | | | | | | | | | | | | | | | | | | A,B, or C | | $ | 82 | | $ | 3 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 85 | S | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | D | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | E | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | F | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Consumer/Other Loans | | $ | 82 | | $ | 3 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 85 | Total Gross Loan Chargeoffs: | | $ | 82 | | $ | 3 | | $ | — | | $ | — | | $ | — | | $ | 2 | | $ | — | | $ | — | | $ | 87 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans | | | | | | | | Revolving | | | | | | Amortized Cost Basis by Origination Year | | | | | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted to | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Loans | | Term Loans | | Total | June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Real estate, nonresidential | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | A,B, or C | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | S | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | D | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | E | | | — | | | — | | | — | | | — | | | — | | | 1 | | | — | | | — | | | 1 | F | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real estate, nonresidential loans | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1 | | $ | — | | $ | — | | $ | 1 | Consumer/Other | | | | | | | | | | | | | | | | | | | | | | | | | | | | A,B, or C | | $ | 85 | | $ | 1 | | $ | 9 | | $ | — | | $ | 1 | | $ | — | | $ | — | | $ | — | | $ | 96 | S | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | D | | | — | | | 1 | | | — | | | — | | | — | | | — | | | — | | | — | | | 1 | E | | | — | | | 3 | | | — | | | — | | | — | | | — | | | — | | | — | | | 3 | F | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Consumer/Other Loans | | $ | 85 | | $ | 5 | | $ | 9 | | $ | — | | $ | 1 | | $ | — | | $ | — | | $ | — | | $ | 100 | Total Gross Loan Chargeoffs: | | $ | 85 | | $ | 5 | | $ | 9 | | $ | — | | $ | 1 | | $ | 1 | | $ | — | | $ | — | | $ | 101 |
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