Loans And Leases (Tables)

9 Months Ended

Sep. 30, 2026

Loans And Leases [Abstract]

Recorded Investment In Loans By Portfolio Segment

The following table presents the recorded investment in loans and leases by portfolio segment. The recorded investment in loans and leases includes the principal balance outstanding adjusted for purchase premiums and discounts, and deferred loan fees and costs.


	September 30, 2026					December 31, 2025
	(unaudited)
Commercial (1)	$		378,848			$		369,430
Real estate:
Single-family residential			402,447					427,905
Multi-family residential			176,758					170,972
Commercial			629,988					533,923
Construction			226,421					208,936
Consumer:
Home equity lines of credit			38,850					41,983
Other			4,026					3,383
Subtotal			1,857,338					1,756,532
Less: ACL – Loans			(19,045	)				(17,678	)
Loans and leases, net	$		1,838,293			$		1,738,854

(1)

Includes $571 and $2,710 of commercial leases at September 30, 2026 and December 31, 2025, respectively.

Activity In ALLL By Portfolio Segment

The following tables present the activity in the ACL - Loans by portfolio segment for the three and nine months ended September 30, 2026 and 2025 (unaudited).


		Three Months Ended September 30, 2026 (unaudited)
					Real Estate													Consumer
		Commercial			Single- family			Multi- family			Commercial			Construction			Home equity lines of credit			Other			Total

Allowance for credit losses
Balances, July 1, 2026		$	6,303		$	2,536		$	2,145		$	5,285		$	2,485		$	382		$	300		$	19,436
Provision (reversal) for credit losses			9			(88)			(579)			301			921			(19)			30			575
Recoveries on loans			11			4			—			—			—			—			—			15
Loans charged off			(981)			—			—			—			—			—			—			(981)
Balances, September 30, 2026		$	5,342		$	2,452		$	1,566		$	5,586		$	3,406		$	363		$	330		$	19,045


		Nine Months Ended September 30, 2026 (unaudited)
					Real Estate													Consumer
		Commercial			Single- family			Multi- family			Commercial			Construction			Home equity lines of credit			Other			Total
Allowance for credit losses
Balances, January 1, 2026		$	6,001		$	2,528		$	1,494		$	4,938		$	2,031		$	390		$	296		$	17,678
Provision (reversal) for credit losses			238			(96)			72			648			1,375			(28)			34			2,243
Recoveries on loans			161			20			—			—			—			1			—			182
Loans charged off			(1,058)			—			—			—			—			—			—			(1,058)
Balances, September 30, 2026		$	5,342		$	2,452		$	1,566		$	5,586		$	3,406		$	363		$	330		$	19,045


		Three Months Ended September 30, 2025 (unaudited)
					Real Estate													Consumer
		Commercial			Single-family			Multi-family			Commercial			Construction			Home equity lines of credit			Other			Total

Allowance for credit losses
Balances, July 1, 2025		$	9,126		$	2,360		$	1,061		$	3,868		$	1,996		$	384		$	327		$	19,122
Provision (reversal) for credit losses			4,189			154			29			478			(57)			18			7			4,818
Recoveries on loans			41			8			—			—			—			-			—			49
Loans charged off			(7,148)			—			—			—			—			—			—			(7,148)
Balances, September 30, 2025		$	6,208		$	2,522		$	1,090		$	4,346		$	1,939		$	402		$	334		$	16,841


		Nine Months Ended September 30, 2025 (unaudited)
					Real Estate													Consumer
		Commercial			Single-family			Multi-family			Commercial			Construction			Home equity lines of credit			Other			Total
Allowance for credit losses
Balances, January 1, 2025		$	7,005		$	2,787		$	1,382		$	3,918		$	1,741		$	371		$	270		$	17,474
Provision (reversal) for credit losses			6,377			(265)			(292)			428			198			30			64			6,540
Recoveries on loans			106			27			—			—			—			1			—			134
Loans charged off			(7,280)			(27)			—			—			—			—			—			(7,307)
Balances, September 30, 2025		$	6,208		$	2,522		$	1,090		$	4,346		$	1,939		$	402		$	334		$	16,841

Schedule Of Collateral-Dependent Loans By Loan Segment

The tables below present the amortized cost basis of collateral dependent loans by loan class and their respective collateral types, which are individually evaluated to determine expected credit losses.


	September 30, 2026 (unaudited)
	Residential Real Estate					Other					Total					Allowance on Collateral Dependent Loans
Commercial	$		—			$		6,695			$		6,695			$		714
Real estate:
Single-family residential			73					—					73					—
Commercial:
Owner occupied			—					5,162					5,162					318
Construction			—					1,590					1,590					959
Total	$		73			$		13,447			$		13,520			$		1,991


	December 31, 2025
	Residential Real Estate					Other					Total					Allowance on Collateral Dependent Loans
Commercial	$		—			$		3,128			$		3,128			$		1,415
Real estate:
Single-family residential			79					—					79					—
Commercial:
Owner occupied			—					5,204					5,204					380
Total	$		79			$		8,332			$		8,411			$		1,795

Recorded Investment In Nonaccrual and Nonperforming Loans By Class Of Loans

The following table presents the recorded investment in nonaccrual loans by class of loans at September 30, 2026 (unaudited):


	Nonaccrual Loans					Nonaccrual Loans with no Allowance for Credit Losses
Commercial	$		10,320			$		1,093
Real estate:
Single-family residential			2,804					2,804
Commercial:
Owner occupied			5,162					4,469
Construction			1,590					—
Consumer:
Home equity lines of credit			91					91
Other			390					390
Total nonaccrual loans	$		20,357			$		8,847

The following table presents the recorded investment in nonaccrual loans by class of loans at December 31, 2025.


	Non-Accrual Loans					Non-Accrual Loans with no Allowance for Credit Losses
Commercial	$		8,181			$		1,074
Real estate:
Single-family residential			1,847					1,847
Commercial:
Owner occupied			5,204					4,510
Consumer:
Home equity lines of credit			97					97
Total nonaccrual loans	$		15,329			$		7,528

Aging Of Recorded Investment In Past Due Loans By Class Of Loans

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of September 30, 2026 (unaudited):


	30 - 59 Days Past Due					60 - 89 Days Past Due					90 Days or more Past Due					Total Past Due					Loans Not Past Due					Nonaccrual Loans Not 90 days or more Past Due
Commercial	$		6,753			$		2,846			$		6,695			$		16,294			$		362,554			$		3,625
Real estate:
Single-family residential			—					—					2,071					2,071					400,376					733
Multi-family residential			—					—					—					—					176,758					—
Commercial:
Non-owner occupied			6,294					—					—					6,294					357,878					—
Owner occupied			—					—					5,162					5,162					219,165					—
Land			—					—					—					—					41,489					—
Construction			—					—					—					—					226,421					1,590
Consumer:
Home equity lines of credit			83					500					—					583					38,267					91
Other			—					—					390					390					3,636					—
Total	$		13,130			$		3,346			$		14,318			$		30,794			$		1,826,544			$		6,039

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2025:


	30 - 59 Days Past Due					60 - 89 Days Past Due					90 Days or more Past Due					Total Past Due					Loans Not Past Due					Nonaccrual Loans Not 90 days or more Past Due
Commercial	$		320			$		452			$		3,511			$		4,283			$		365,147			$		4,670
Real estate:
Single-family residential			892					719					1,847					3,458					424,447					—
Multi-family residential			—					—					—					—					170,972					—
Commercial:
Non-owner occupied			—					—					—					—					288,891					—
Owner occupied			—					—					5,204					5,204					199,212					—
Land			—					—					—					—					40,616					—
Construction			—					—					—					—					208,936					—
Consumer:
Home equity lines of credit			—					—					—					—					41,983					97
Other			—					—					—					—					3,383					—
Total	$		1,212			$		1,171			$		10,562			$		12,945			$		1,743,587			$		4,767

Recorded Investment In Loans By Risk Category And Class Of Loans

The following table summarizes the risk grading of the Company’s loan portfolio by loan class and by year of origination for the years indicated as of September 30, 2026. Consumer and Single-family residential loans are not risk graded. For purposes of this disclosure, those loans are classified in the following manner: loans that are 89 days or less past due and accruing are “performing” loans and loans greater than 89 days past due or in nonaccrual are “nonperforming” loans.


	Term Loans (amortized cost basis by origination year)
(unaudited)	2026			2025			2024			2023			2022			Prior			Revolving loans amortized cost basis			Revolving loans converted to term			Total
Commercial
Pass	$	53,809		$	47,058		$	28,568		$	18,098		$	32,476		$	46,559		$	120,990		$	1,914		$	349,472
Special Mention		—			—			—			—			16			2,698			17,666			—			20,380
Substandard		—			—			128			—			5,000			3,868			—			—			8,996
Total Commercial		53,809			47,058			28,696			18,098			37,492			53,125			138,656			1,914			378,848
Gross charge-offs during the nine months ended September 30, 2026		—			—			—			137			422			499			—			—			1,058
Real estate loans:
Single-family residential
Payment performance
Performing		10,876			16,536			20,968			22,002			91,074			238,187			—			—			399,643
Nonperforming		—			—			258			173			702			1,671			—			—			2,804
Total Single-family residential loans		10,876			16,536			21,226			22,175			91,776			239,858			—			—			402,447
Multi-family residential
Pass		31,879			15,951			27,081			20,005			18,022			47,092			—			—			160,030
Special Mention		—			—			—			—			—			16,728			—			—			16,728
Total Multi-family residential loans		31,879			15,951			27,081			20,005			18,022			63,820			—			—			176,758
Commercial:
Non-owner occupied
Pass		103,448			90,795			14,513			40,928			36,563			73,041			—			—			359,288
Special Mention		—			—			—			—			—			4,884			—			—			4,884
Total Non-owner occupied loans		103,448			90,795			14,513			40,928			36,563			77,925			—			—			364,172
Owner occupied
Pass		27,894			35,142			13,887			38,401			41,133			66,040			—			—			222,497
Substandard		—			—			—			—			1,830			—			—			—			1,830
Total Owner occupied loans		27,894			35,142			13,887			38,401			42,963			66,040			—			—			224,327
Land
Pass		17,262			12,297			7,070			—			—			4,860			—			—			41,489
Total Land loans		17,262			12,297			7,070			—			—			4,860			—			—			41,489
Construction
Performing		—			1,852			—			—			—			—			—			—			1,852
Pass		15,727			63,400			115,866			21,910			5,121			955			—			—			222,979
Substandard		—			—			343			1,247			—			—			—			—			1,590
Total Construction loans		15,727			65,252			116,209			23,157			5,121			955			—			—			226,421
Total Real Estate loans		207,086			235,973			199,986			144,666			194,445			453,458			—			—			1,435,614
Consumer:
Home equity lines of credit:
Payment performance
Performing		—			—			—			—			—			—			38,393			366			38,759
Nonperforming		—			—			—			—			—			8			83			—			91
Total Home equity lines of credit		—			—			—			—			—			8			38,476			366			38,850
Other
Performing		—			—			448			—			—			136			3,052			—			3,636
Nonperforming		—			—			—			—			—			—			390			—			390
Total Other consumer loans		—			—			448			—			—			136			3,442			—			4,026
Total loans	$	260,895		$	283,031		$	229,130		$	162,764		$	231,937		$	506,727		$	180,574		$	2,280		$	1,857,338
Total gross charge-offs during the nine months ended September 30, 2026	$	—		$	—		$	—		$	137		$	422		$	499		$	—		$	—		$	1,058

The following table summarizes the risk grading of the Company’s loan portfolio by loan class and by year of origination for the years indicated as of December 31, 2025. Consumer and Single-family residential loans are not risk graded. For purposes of this disclosure, those loans are classified in the following manner: loans that are 89 days or less past due and accruing are “performing” loans.


	Term Loans (amortized cost basis by origination year)
	2025			2024			2023			2022			2021			Prior			Revolving loans amortized cost basis			Revolving loans converted to term			Total
Commercial
Pass	$	59,943		$	25,874		$	20,473		$	41,457		$	62,332		$	29,045		$	112,874		$	3,122		$	355,120
Special Mention		—			—			—			5,000			—			2,850			—			—			7,850
Substandard		—			1,328			139			69			4,129			360			50			—			6,075
Doubtful		—			—			—			385			—			—			—			—			385
Total Commercial		59,943			27,202			20,612			46,911			66,461			32,255			112,924			3,122			369,430
Gross charge-offs for the year ended December 31, 2025		—			—			-			7,165			284			—			—			—			7,449
Real estate loans:
Single-family residential
Payment performance
Performing		17,419			26,174			25,165			103,688			200,985			52,627			—			—			426,058
Nonperforming		—			—			193			401			690			563			—			—			1,847
Total Single-family residential loans		17,419			26,174			25,358			104,089			201,675			53,190			—			—			427,905
Gross charge-offs for the year ended December 31, 2025		—			—			27			—			—			—			—			—			27
Multi-family residential
Pass		19,972			27,195			30,168			18,151			46,905			19,915			—			—			162,306
Special Mention		—			—			—			—			—			8,666			—			—			8,666
Total Multi-family residential loans		19,972			27,195			30,168			18,151			46,905			28,581			—			—			170,972
Commercial:
Non-owner occupied
Pass		81,898			9,473			41,336			52,740			46,575			56,869			—			—			288,891
Total Non-owner occupied loans		81,898			9,473			41,336			52,740			46,575			56,869			—			—			288,891
Owner occupied
Pass		28,005			15,062			40,533			43,567			38,965			36,444			—			—			202,576
Substandard		—			—			—			1,840			—			—			—			—			1,840
Total Owner occupied loans		28,005			15,062			40,533			45,407			38,965			36,444			—			—			204,416
Land
Pass		18,042			17,507			617			—			4,450			—			—			—			40,616
Total Land loans		18,042			17,507			617			—			4,450			—			—			—			40,616
Construction
Performing		632			—			—			—			—			—			—			—			632
Pass		34,143			95,801			50,775			22,400			3,178			—			—			—			206,297
Special Mention		—			343			1,664			—			—			—			—			—			2,007
Total Construction loans		34,775			96,144			52,439			22,400			3,178			—			—			—			208,936
Total Real Estate loans		200,111			191,555			190,451			242,787			341,748			175,084			—			—			1,341,736
Consumer:
Home equity lines of credit:
Payment performance
Performing		—			—			—			—			—			—			41,279			607			41,886
Nonperforming		—			—			—			—			—			—			87			10			97
Total Home equity lines of credit		—			—			—			—			—			—			41,366			617			41,983
Other
Payment performance
Performing		—			468			—			—			—			136			2,278			501			3,383
Nonperforming		—			—			—			—			—			—			—			-			-
Total Other consumer loans		—			468			—			—			—			136			2,278			501			3,383
Gross charge-offs for the year ended December 31, 2025		—			—			—			—			—			—			—			—			—
Total loans	$	260,054		$	219,225		$	211,063		$	289,698		$	408,209		$	207,475		$	156,568		$	4,240		$	1,756,532
Total gross charge-offs during the year ended December 31, 2025	$	—		$	—		$	27		$	7,165		$	284		$	—		$	—		$	—		$	7,476

Components Of Net Investment In Direct Financing Leases

The following lists the components of the net investment in direct financing leases:


	September 30, 2026					December 31, 2025
	(unaudited)
Total minimum lease payments to be received	$		586			$		2,780
Less: Unearned income			(15	)				(71	)
Plus: Indirect initial costs			—					1
Net investment in direct financing leases	$		571			$		2,710

Summary Of Future Minimum Lease Payments Receivable

The following summarizes the future minimum lease payments receivable as of September 30, 2026:


2026, excluding the nine months ended September 30, 2026		$		207
2027				343
2028				36
Total future minimum payments		$		586