Loans

Schedule of activity in the allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment method


		Three Months Ended September 30, 2026
		Commercial						Commercial
		and			Commercial			Real Estate			Residential			Home
		Industrial			Real Estate			Construction			Real Estate			Equity			Consumer			Total
Allowance for credit losses:
Beginning balance		$	4,511		$	19,175		$	1,178		$	872		$	96		$	507		$	26,339
Provision for credit losses^*			124			(88)			455			(27)			26			175			665
Charge-offs			—			—			—			—			—			—			—
Recoveries			179			—			—			—			—			6			185
Ending balance		$	4,814		$	19,087		$	1,633		$	845		$	122		$	688		$	27,189

* The provision for credit losses on the income statement also includes approximately $144 associated with off balance sheet ACL.


		Nine Months Ended September 30, 2026
		Commercial						Commercial
		and			Commercial			Real Estate			Residential			Home
		Industrial			Real Estate			Construction			Real Estate			Equity			Consumer			Total
Allowance for credit losses:
Beginning balance		$	4,902		$	20,101		$	1,040		$	1,601		$	170		$	521		$	28,335
Provision for credit losses^*			(253)			(479)			593			(756)			(48)			137			(806)
Charge-offs			(45)			(535)			—			—			—			(1)			(581)
Recoveries			210			—			—			—			—			31			241
Ending balance		$	4,814		$	19,087		$	1,633		$	845		$	122		$	688		$	27,189

* The provision for credit losses on the income statement also includes approximately $165 associated with off balance sheet ACL.


		Three Months Ended September 30, 2025
		Commercial				Commercial
		And		Commercial		Real Estate		Residential		Home
		Industrial		Real Estate		Construction		Real Estate		Equity		Consumer		Total
Allowance for credit losses:
Beginning balance		$	5,025	$	20,153	$	1,017	$	1,615	$	182	$	416	$	28,408
Provision for credit losses^*			4,275		(600)		12		(27)		(31)		139		3,768
Charge-offs			(2,992)		—		—		(16)		—		(1)		(3,009)
Recoveries			38		—		76		—		—		6		120
Ending balance		$	6,346	$	19,553	$	1,105	$	1,572	$	151	$	560	$	29,287

* The provision for credit losses on the income statement also includes approximately $108 associated with off balance sheet ACL.


		Nine Months Ended September 30, 2025
		Commercial				Commercial
		and		Commercial		Real Estate		Residential		Home
		Industrial		Real Estate		Construction		Real Estate		Equity		Consumer		Total
Allowance for credit losses:
Beginning balance		$	4,501	$	19,227	$	755	$	962	$	56	$	576	$	26,077
Provision for credit losses^*			4,974		326		274		626		95		(48)		6,247
Charge-offs			(3,189)		—		—		(16)		—		(4)		(3,209)
Recoveries			60		—		76		—		—		36		172
Ending balance		$	6,346	$	19,553	$	1,105	$	1,572	$	151	$	560	$	29,287

* The provision for credit losses on the income statement also includes approximately ($56) associated with off balance sheet ACL.

The following tables present the balance in the allowance for credit losses and the amortized cost in loans by portfolio segment and based on impairment method as of September 30, 2026 and December 31, 2025 (in thousands):


		Commercial						Commercial
		and			Commercial			Real Estate			Residential			Home
		Industrial			Real Estate			Construction			Real Estate			Equity			Consumer			Total
September 30, 2026
Allowance for credit losses:
Ending balance:
individually evaluated for impairment		$	1,953		$	114		$	—		$	—		$	35		$	—		$	2,102
collectively evaluated for impairment			2,861			18,973			1,633			845			87			688			25,087
Total ending allowance balance		$	4,814		$	19,087		$	1,633		$	845		$	122		$	688		$	27,189
Loans:
Ending balance:
individually evaluated for impairment		$	2,680		$	38,035		$	—		$	—		$	827		$	—		$	41,542
collectively evaluated for impairment			240,972			1,491,590			114,160			22,789			8,731			47,053			1,925,295
Total ending loans balance		$	243,652		$	1,529,625		$	114,160		$	22,789		$	9,558		$	47,053		$	1,966,837


		Commercial						Commercial
		and			Commercial			Real Estate			Residential			Home
		Industrial			Real Estate			Construction			Real Estate			Equity			Consumer			Total
December 31, 2025
Allowance for credit losses:
Ending balance:
individually evaluated for impairment		$	1,898		$	888		$	—		$	—		$	—		$	—		$	2,786
collectively evaluated for impairment			3,004			19,213			1,040			1,601			170			521			25,549
Total ending allowance balance		$	4,902		$	20,101		$	1,040		$	1,601		$	170		$	521		$	28,335
Loans:
Ending balance:
individually evaluated for impairment		$	2,941		$	55,429		$	—		$	1		$	844		$	—		$	59,215
collectively evaluated for impairment			246,692			1,424,633			99,262			65,289			21,774			33,419			1,891,069
Total ending loans balance		$	249,633		$	1,480,062		$	99,262		$	65,290		$	22,618		$	33,419		$	1,950,284

Schedule of recorded investment in non-accrual and loans past due over 90 days still on accrual by class of loans


	Non-Accrual									Loans Past Due
	with No Allowance									Over 90 Days
	for Credit Loss					Non-accrual				Still Accruing
	September 30,		December 31,			September 30,		December 31,		September 30,		December 31,
	2026		2025			2026		2025		2026		2025

	(In thousands)
Commercial and industrial	$	—	$	—		$	2,410	$	1,577	$	282	$	18
Commercial real estate		15,843		669			15,843		8,690		—		—
Commercial real estate construction		—		—			—		—		—		—
Residential real estate		—		1			—		1		—		—
Home equity		792		844			827		844		—		—
Consumer		—		—			—		—		—		—
Total	$	16,635	$	1,514		$	19,080	$	11,112	$	282	$	18

Schedule of risk category of loans by class of loans

The following tables summarize the Company’s loans by year of origination and internally assigned credit risk at September 30, 2026 and December 31, 2025 and gross charge-offs for the nine months ended September 30, 2026 and the year ended December 31, 2025 (in thousands):


	September 30, 2026
																Revolving
														Revolving		Loans to
		2026		2025		2024		2023		2022		Prior		Loans		Term Loans		Total
Commercial and industrial
Pass		$	41,115	$	32,772	$	22,542	$	28,951	$	29,536	$	70,588	$	—	$	—	$	225,504
Special Mention			750		581		—		400		—		45		—		—		1,776
Substandard			—		279		7,507		197		8,313		76		—		—		16,372
Total Commercial and industrial			41,865		33,632		30,049		29,548		37,849		70,709		—		—		243,652
Current period gross charge-offs			24		—		17		—		—		4		—		—		45

Commercial real estate
Pass			189,082		192,130		127,176		158,238		267,620		513,603		2,131		—		1,449,980
Special Mention			—		—		5,289		4,616		8,911		23,883		—		—		42,699
Substandard			—		—		3,728		373		15,794		17,051		—		—		36,946
Total Commercial real estate			189,082		192,130		136,193		163,227		292,325		554,537		2,131		—		1,529,625
Current period gross charge-offs			—		—		—		—		410		125		—		—		535

Commercial real estate construction
Pass			19,356		47,805		38,627		2,733		5,639		—		—		—		114,160
Special Mention			—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		—		—		—		—		—
Total Commercial real estate construction			19,356		47,805		38,627		2,733		5,639		—		—		—		114,160
Current period gross charge-offs			—		—		—		—		—		—		—		—		—

Residential real estate
Pass			5,654		8,741		7,146		2		852		394		—		—		22,789
Special Mention			—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		—		—		—		—		—
Total Residential real estate			5,654		8,741		7,146		2		852		394		—		—		22,789
Current period gross charge-offs			—		—		—		—		—		—		—		—		—

Home equity
Pass			—		—		—		—		—		13		7,691		1,062		8,766
Special Mention			—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		—		—		792		—		792
Total Home Equity			—		—		—		—		—		13		8,483		1,062		9,558
Current period gross charge-offs			—		—		—		—		—		—		—		—		—

Consumer
Pass			22,442		9,991		42		9,886		—		392		4,300		—		47,053
Special Mention			—		—		—		—		—		—		—		—		—
Substandard					—		—		—		—		—		—		—		—
Total Consumer			22,442		9,991		42		9,886		—		392		4,300		—		47,053
Current period gross charge-offs			—		—		—		—		—		1		—		—		1

Total Loans		$	278,399	$	292,299	$	212,057	$	205,396	$	336,665	$	626,045	$	14,914	$	1,062	$	1,966,837
Total Gross charge-offs		$	24	$	—	$	17	$	—	$	410	$	130	$	—	$	—	$	581


	December 31, 2025
																Revolving
														Revolving		Loans to
		2025		2024		2023		2022		2021		Prior		Loans		Term Loans		Total
Commercial and industrial
Pass		$	34,656	$	30,928	$	39,368	$	29,142	$	31,139	$	59,705	$	—	$	—	$	224,938
Special Mention			575		—		4,073		—		3,402		—		—		—		8,050
Substandard			318		7,636		226		8,313		77		75		—		—		16,645
Total Commercial and industrial			35,549		38,564		43,667		37,455		34,618		59,780		—		—		249,633
Current period gross charge-offs			2,694		349		2,804		—		149		26		—		—		6,022

Commercial real estate
Pass			192,543		150,316		157,063		309,593		216,546		345,807		1,572		—		1,373,440
Special Mention			—		4,116		8,255		24,243		786		12,972		—		—		50,372
Substandard			—		3,756		379		3,270		17,446		31,399		—		—		56,250
Total Commercial real estate			192,543		158,188		165,697		337,106		234,778		390,178		1,572		—		1,480,062
Current period gross charge-offs			—		—		—		—		100		—		—		—		100

Commercial real estate construction
Pass			33,376		54,299		1,900		6,687		3,000		—		—		—		99,262
Special Mention			—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		—		—		—		—		—
Total Commercial real estate construction			33,376		54,299		1,900		6,687		3,000		—		—		—		99,262
Current period gross charge-offs			—		—		—		—		—		—		—		—		—

Residential real estate
Pass			10,760		5,320		8,897		9,765		6,889		23,658		—		—		65,289
Special Mention			—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		—		1		—		—		1
Total Residential real estate			10,760		5,320		8,897		9,765		6,889		23,659		—		—		65,290
Current period gross charge-offs			—		—		—		—		—		16		—		—		16

Home equity
Pass			99		374		44		—		—		39		20,069		1,183		21,808
Special Mention			—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		—		—		810		—		810
Total Home Equity			99		374		44		—		—		39		20,879		1,183		22,618
Current period gross charge-offs			—		—		—		—		—		—		—		—		—

Consumer
Pass			6,276		6,597		14,144		—		—		731		5,671		—		33,419
Special Mention			—		—		—		—		—		—		—		—		—
Substandard					—		—		—		—		—		—		—		—
Total Consumer			6,276		6,597		14,144		—		—		731		5,671		—		33,419
Current period gross charge-offs			—		—		—		—		—		5		—		—		5

Total Loans		$	278,603	$	263,342	$	234,349	$	391,013	$	279,285	$	474,387	$	28,122	$	1,183	$	1,950,284
Total Gross charge-offs		$	2,694	$	349	$	2,804	$	—	$	249	$	47	$	—	$	—	$	6,143