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Loans And Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Loans And Leases [Abstract]  
Recorded Investment In Loans By Portfolio Segment

September 30, 2024

December 31, 2023

(unaudited)

Commercial (1)

$

432,916

$

439,895

Real estate:

Single-family residential

461,161

478,224

Multi-family residential

176,549

130,778

Commercial

447,790

433,026

Construction

171,495

190,722

Consumer:

Home equity lines of credit

40,930

35,960

Other

3,014

2,393

Subtotal

1,733,855

1,710,998

Less: ACL – Loans

(16,780)

(16,865)

Loans and leases, net

$

1,717,075

$

1,694,133

(1)Includes $9,076 and $13,497 of commercial leases at September 30, 2024 and December 31, 2023, respectively.
Activity In ALLL By Portfolio Segment

Three Months Ended September 30, 2024 (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, 2024

$

8,756 

$

3,306 

$

1,015 

$

4,288 

$

1,236 

$

383 

$

301 

$

19,285 

Provision of credit losses

574 

(213)

499 

(166)

74 

12 

6 

786 

Recoveries on loans

30 

8 

-

-

-

1 

-

39 

Loans charged off

(3,300)

-

-

-

-

-

(30)

(3,330)

Balances, September 30, 2024

$

6,060 

$

3,101 

$

1,514 

$

4,122 

$

1,310 

$

396 

$

277 

$

16,780 

Nine Months Ended September 30, 2024 (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, 2024

$

5,884 

$

3,371 

$

1,231 

$

4,105 

$

1,707 

$

334 

$

233 

$

16,865 

Provision of credit losses

5,307 

(293)

283 

17 

(397)

57 

324 

5,298 

Recoveries on loans

42 

23 

-

-

-

5 

-

70 

Loans charged off

(5,173)

-

-

-

-

-

(280)

(5,453)

Balances, September 30, 2024

$

6,060 

$

3,101 

$

1,514 

$

4,122 

$

1,310 

$

396 

$

277 

$

16,780 


‎

Three Months Ended September 30, 2023 (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, 2023

$

5,339 

$

3,101 

$

949 

$

4,079 

$

2,101 

$

323 

$

68 

$

15,960 

Provision of credit losses

1,294 

24 

136 

(251)

(55)

(10)

60 

1,198 

Recoveries on loans

-

9 

-

-

-

2 

-

11 

Loans charged off

(137)

-

-

-

-

-

-

(137)

Balances, September. 30, 2023

$

6,496 

$

3,134 

$

1,085 

$

3,828 

$

2,046 

$

315 

$

128 

$

17,032 

Nine Months Ended September 30, 2023 (unaudited)

Real Estate

Consumer

Commercial

Single-family

Multi-family

Commercial

Construction

Home equity lines of credit

Other

Total

Allowance for credit losses

Balances, December 31, 2022

$

4,764 

$

3,914 

$

997 

$

3,384 

$

2,644 

$

333 

$

26 

$

16,062 

Impact of adoption of ASC 326

877 

(958)

66 

726 

(1,019)

(129)

28 

(409)

Balances, January 1, 2023 Post-ASC 326 adoption

5,641 

2,956 

1,063 

4,110 

1,625 

204 

54 

15,653 

Provision of credit losses

912 

147 

22 

(282)

421 

108 

74 

1,402 

Recoveries on loans

85 

31 

-

-

-

3 

3 

122 

Loans charged off

(142)

-

-

-

-

-

(3)

(145)

Balances, September 30, 2023

$

6,496 

$

3,134 

$

1,085 

$

3,828 

$

2,046 

$

315 

$

128 

$

17,032 
Schedule Of Collateral-Dependent Loans By Loan Segment

September 30, 2024 (unaudited)

Residential Real Estate

Other

Total

Allowance on Collateral Dependent Loans

Commercial

$

-  

$

8,486

$

8,486

$

360

Real estate:

Single-family residential

87

-  

87

-  

Total

$

87

$

8,486

$

8,573

$

360


‎

December 31, 2023

Residential Real Estate

Other

Total

Allowance on Collateral Dependent Loans

Commercial

$

-  

$

449

$

449

$

44

Real estate:

Single-family residential

90

-  

90

-  

Total

$

90

$

449

$

539

$

44
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, 2024 (unaudited):

Nonaccrual Loans

Nonaccrual Loans with no Allowance for Credit Losses

Commercial

$

13,053

$

7,233

Real estate:

Single-family residential

1,531

1,531

Consumer:

Home equity lines of credit:

13

13

Total nonaccrual loans

$

14,597

$

8,777

The following table presents the recorded investment in nonaccrual loans by class of loans at December 31, 2023.

Nonaccrual Loans

Nonaccrual Loans with no Allowance for Credit Losses

Commercial

$

5,048

$

1,658

Real estate:

Single-family residential

627

627

Consumer:

Home equity lines of credit:

17

17

Other consumer

30

30

Total nonaccrual loans

$

5,722

$

2,332
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, 2024 (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

$

50

$

89

$

5,629

$

5,768

$

427,148

$

7,424

Real estate:

Single-family residential

-  

332

1,481

1,813

459,348

50

Multi-family residential

-  

-  

-  

-  

176,549

-  

Commercial:

Non-owner occupied

-  

-  

-  

-  

231,187

-  

Owner occupied

-  

-  

-  

-  

193,106

-  

Land

-  

-  

-  

-  

23,497

-  

Construction

-  

-  

-  

-  

171,495

-  

Consumer:

Home equity lines of credit:

96

-  

-  

96

40,834

13

Other

-  

-  

-  

-  

3,014

-  

Total

$

146

$

421

$

7,110

$

7,677

$

1,726,178

$

7,487

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2023:

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

$

98

$

-  

$

622

$

720

$

439,175

$

4,426

Real estate:

Single-family residential

165

372

563

1,100

477,124

64

Multi-family residential

-  

-  

-  

-  

130,778

-  

Commercial:

Non-owner occupied

-  

-  

-  

-  

228,548

-  

Owner occupied

-  

-  

-  

-  

183,773

-  

Land

-  

-  

-  

-  

20,705

-  

Construction

-  

-  

-  

-  

190,722

-  

Consumer:

Home equity lines of credit:

Originated for portfolio

97

-  

17

114

35,846

-  

Purchased for portfolio

-  

-  

-  

-  

-  

-  

Other

-  

-  

30

30

2,363

-  

Total

$

360

$

372

$

1,232

$

1,964

$

1,709,034

$

4,490
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, 2024. 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)

2024

2023

2022

2021

2020

Prior

Revolving loans amortized cost basis

Revolving loans converted to term

Total

Commercial

Pass

$

21,815 

$

30,831 

$

71,917 

$

84,907 

$

43,990 

$

11,715 

$

148,677 

$

3,038 

$

416,890 

Special Mention

-

-

310 

-

-

78 

3,686 

-

4,074 

Substandard

-

-

7,527 

4,375 

-

-

50 

-

11,952 

Total Commercial

21,815 

30,831 

79,754 

89,282 

43,990 

11,793 

152,413 

3,038 

432,916 

Gross charge-offs during the nine months ended September 30, 2024

-

-

1,755 

3,418 

-

-

-

-

5,173 

Real estate loans:

Single-family residential

Payment performance

Performing

16,550 

35,274 

124,035 

218,050 

43,670 

22,051 

-

-

459,630 

Nonperforming

-

547 

370 

-

-

614 

-

-

1,531 

Total Single-family residential loans

16,550 

35,821 

124,405 

218,050 

43,670 

22,665 

-

-

461,161 

Multi-family residential

Pass

30,593 

24,812 

8,694 

70,038 

7,196 

35,216 

-

-

176,549 

Total Multi-family residential loans

30,593 

24,812 

8,694 

70,038 

7,196 

35,216 

-

-

176,549 

Commercial:

Non-owner occupied

Pass

6,648 

51,872 

33,477 

67,740 

14,253 

56,692 

-

-

230,682 

Substandard

-

-

-

-

-

505 

-

-

505 

Total Non-owner occupied loans

6,648 

51,872 

33,477 

67,740 

14,253 

57,197 

-

-

231,187 

Owner occupied

Pass

13,486 

23,352 

55,174 

48,680 

18,117 

33,022 

-

-

191,831 

Special Mention

-

-

-

-

596 

-

-

-

596 

Substandard

-

-

-

-

-

679 

679 

Total Owner occupied loans

13,486 

23,352 

55,174 

48,680 

18,713 

33,701 

-

-

193,106 

Land

Pass

13,174 

4,708 

-

5,255 

-

360 

-

-

23,497 

Total Land loans

13,174 

4,708 

-

5,255 

-

360 

-

-

23,497 

Construction

Not Rated

219 

-

-

1,481 

1,700 

Pass

17,574 

55,972 

65,498 

27,122 

3,629 

-

-

-

169,795 

Total Construction loans

17,793 

55,972 

65,498 

28,603 

3,629 

-

-

-

171,495 

Total Real Estate loans

98,244 

196,537 

287,248 

438,366 

87,461 

149,139 

-

-

1,256,995 

Consumer:

Home equity lines of credit:

Payment performance

Performing

-

-

-

-

-

-

37,656 

3,261 

40,917 

Nonperforming

-

-

-

-

-

-

-

13 

13 

Total Home equity lines of credit

-

-

-

-

-

-

37,656 

3,274 

40,930 

Other

Payment performance

-

Performing

-

-

-

-

7 

181 

2,826 

-

3,014 

Total Other consumer loans

-

-

-

-

7 

181 

2,826 

-

3,014 

Gross charge-offs during the nine months ended September 30, 2024

-

-

-

-

-

-

280 

-

280 

Total loans

$

120,059 

$

227,368 

$

367,002 

$

527,648 

$

131,458 

$

161,113 

$

192,895 

$

6,312 

$

1,733,855 

Total gross charge-offs during the nine months ended September 30, 2024

$

-

$

-

$

1,755 

$

3,418 

$

-

$

-

$

280 

$

-

$

5,453 


‎

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, 2023. 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)

2023

2022

2021

2020

2019

Prior

Revolving loans amortized cost basis

Revolving loans converted to term

Total

Commercial

Pass

$

32,965 

$

86,433 

$

90,297 

$

45,670 

$

3,189 

$

9,888 

$

159,065 

$

1,078 

$

428,585 

Special Mention

-

-

2,807 

-

84 

-

-

-

2,891 

Substandard

-

384 

7,537 

-

-

-

50 

-

7,971 

Doubtful

-

448 

-

-

-

-

-

-

448 

Total Commercial

32,965 

87,265 

100,641 

45,670 

3,273 

9,888 

159,115 

1,078 

439,895 

Gross charge-offs for the year ended December 31, 2024

-

564 

211 

-

-

-

-

-

775 

Real estate loans:

Single-family residential

Payment performance

Performing

42,655 

131,416 

231,379 

45,785 

9,584 

16,778 

-

-

477,597 

Nonperforming

-

-

-

-

-

627 

-

-

627 

Total Single-family residential loans

42,655 

131,416 

231,379 

45,785 

9,584 

17,405 

-

-

478,224 

Multi-family residential

Pass

24,839 

8,776 

53,815 

7,311 

15,772 

20,265 

-

-

130,778 

Total Multi-family residential loans

24,839 

8,776 

53,815 

7,311 

15,772 

20,265 

-

-

130,778 

Commercial:

Non-owner occupied

Pass

57,092 

27,068 

61,990 

15,085 

20,101 

45,725 

982 

-

228,043 

Special Mention

-

-

-

-

505 

-

-

-

505 

Total Non-owner occupied loans

57,092 

27,068 

61,990 

15,085 

20,606 

45,725 

982 

-

228,548 

Owner occupied

Pass

20,353 

55,169 

50,210 

19,775 

18,751 

18,768 

68 

-

183,094 

Special Mention

-

-

-

-

679 

-

-

-

679 

Total Owner occupied loans

20,353 

55,169 

50,210 

19,775 

19,430 

18,768 

68 

-

183,773 

Land

Pass

7,932 

6,037 

6,177 

-

149 

410 

-

-

20,705 

Total Land loans

7,932 

6,037 

6,177 

-

149 

410 

-

-

20,705 

Construction

Pass

31,739 

78,602 

61,435 

4,174 

-

-

14,772 

-

190,722 

Total Construction loans

31,739 

78,602 

61,435 

4,174 

-

-

14,772 

-

190,722 

Total Real Estate loans

184,610 

307,068 

465,006 

92,130 

65,541 

102,573 

15,822 

-

1,232,750 

Consumer:

Home equity lines of credit:

Payment performance

Performing

-

-

-

-

-

-

33,510 

2,433 

35,943 

Nonperforming

-

-

-

-

-

-

-

17 

17 

Total Home equity lines of credit

-

-

-

-

-

-

33,510 

2,450 

35,960 

Other

Payment performance

Performing

-

-

-

12 

-

216 

2,135 

-

2,363 

Nonperforming

-

-

-

-

-

-

-

30 

30 

Total Other consumer loans

-

-

-

12 

-

216 

2,135 

30 

2,393 

Gross charge-offs for the year ended December 31, 2024

-

-

-

-

-

3 

-

-

3 

Total loans

$

217,575 

$

394,333 

$

565,647 

$

137,812 

$

68,814 

$

112,677 

$

210,582 

$

3,558 

$

1,710,998 

Total gross charge-offs during the year ended December 31, 2023

$

-

$

564 

$

211 

$

-

$

-

$

3 

$

-

$

-

$

778 
Components Of Net Investment In Direct Financing Leases

September 30, 2024

December 31, 2023

(unaudited)

Total minimum lease payments to be received

$

9,510

$

14,343

Less: Unearned income

(443)

(863)

Plus: Indirect initial costs

9

17

Net investment in direct financing leases

$

9,076

$

13,497
Summary Of Future Minimum Lease Payments Receivable

2024, excluding the nine months ended September 30, 2024

$

1,465

2025

4,836

2026

2,620

2027

539

2028

50

Thereafter

-

Total future minimum payments

$

9,510