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LOANS (Tables)
 3 Months Ended
Mar. 31, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Composition of Loans
The composition of loans, excluding loans held for sale, is summarized as follows:
March 31, 2025December 31, 2024
Amount% of
Total		Amount% of
Total
Real estate mortgages:
Construction and development$247,26410.9%$238,60310.7%
Residential317,99414.0%315,08314.1%
Commercial1,356,06459.8%1,350,09160.4%
Commercial and industrial333,83114.8%317,88714.3%
Consumer and other11,5870.5%11,5800.5%
Gross Loans2,266,740100.0%2,233,244100.0%
Deferred loan fees(6,704)(6,675)
Allowance for credit losses(28,876)(28,338)
Loans, net$2,231,160$2,198,231
Schedule of Financing Receivable Credit Quality Indicators
The following tables summarizes the risk category of the Company’s loan portfolio based upon the most recent analysis on the year of origination as of March 31, 2025:
20252024202320222021PriorRevolving LoansTotal
Real Estate Mortgages:
  Construction and development
    Pass$20,023 $72,378 $38,449 $82,296 $15,672 $7,373 $6,294 $242,485 
    Special Mention— — — — — 4,232 — 4,232 
    Substandard— 144 — 403 — — — 547 
    Doubtful— — — — — — — — 
    Total20,023 72,522 38,449 82,699 15,672 11,605 6,294 247,264 
Current gross charge offs— — — — — — — — 
  Residential
    Pass12,298 59,218 61,534 62,017 21,787 62,404 37,280 316,538 
    Special Mention— 51 80 — — 20 594 745 
    Substandard— — — 266 — 397 48 711 
    Doubtful— — — — — — — — 
    Total12,298 59,269 61,614 62,283 21,787 62,821 37,922 317,994 
Current gross charge offs— — — — — — — — 
  Commercial
    Pass33,409 180,962 234,752 353,741 245,467 260,574 14,919 1,323,824 
    Special Mention— 654 1,873 5,244 4,342 12,025 — 24,138 
    Substandard— — 657 425 5,096 1,924 — 8,102 
    Doubtful— — — — — — — — 
    Total33,409 181,616 237,282 359,410 254,905 274,523 14,919 1,356,064 
Current gross charge offs— — — — — — — — 
Commercial and industrial
  Pass13,150 65,381 65,168 45,352 14,804 14,732 101,606 320,193 
  Special Mention— 956 36 — — 295 2,891 4,178 
  Substandard— 1 2,797 2,142 — 4,520 — 9,460 
  Doubtful— — — — — — — — 
  Total13,150 66,338 68,001 47,494 14,804 19,547 104,497 333,831 
Current gross charge offs— 331 — — — — — 331 
Consumer and other
  Pass1,640 2,483 1,548 685 373 1,137 3,720 11,586 
  Special Mention— — — — — — — — 
  Substandard— — — — 1 — — 1 
  Doubtful— — — — — — — — 
  Total1,640 2,483 1,548 685 374 1,137 3,720 11,587 
Current gross charge offs— — — 2 — — — 2 
Gross Loans
  Pass80,520 380,422 401,451 544,091 298,103 346,220 163,819 2,214,626 
  Special Mention— 1,661 1,989 5,244 4,342 16,572 3,485 33,293 
  Substandard— 145 3,454 3,236 5,097 6,841 48 18,821 
  Doubtful— — — — — — — — 
  Total$80,520 $382,228 $406,894 $552,571 $307,542 $369,633 $167,352 $2,266,740 
Current gross charge offs$— $331 $— $2 $— $— $— $333 
Credit Risk Management (Continued)
The following tables summarizes the risk category of the Company’s loan portfolio based upon the most recent analysis on the year of origination as of December 31, 2024:
20242023202220212020PriorRevolving LoansTotal
Real Estate Mortgages:
  Construction and development
    Pass$77,290 $35,395 $91,896 $16,615 $1,584 $5,892 $5,082 $233,754 
    Special Mention— — — — — 4,289 — 4,289 
    Substandard145 — 415 — — — — 560 
    Doubtful— — — — — — — — 
    Total77,435 35,395 92,311 16,615 1,584 10,181 5,082 238,603 
Current gross charge offs— — — — — — — — 
  Residential
    Pass60,216 63,257 63,590 21,866 44,848 20,451 40,346 314,574 
    Special Mention— — — — — — — — 
    Substandard50 — 100 — — 309 50 509 
    Doubtful— — — — — — — — 
    Total60,266 63,257 63,690 21,866 44,848 20,760 40,396 315,083 
Current gross charge offs— — — — — 11 — 11 
  Commercial
    Pass173,094 241,486 375,924 250,065 83,154 188,412 14,796 1,326,931 
    Special Mention660 — 1,461 5,463 — 11,954 240 19,778 
    Substandard— 664 437 325 479 1,477 — 3,382 
    Doubtful— — — — — — — — 
    Total173,754 242,150 377,822 255,853 83,633 201,843 15,036 1,350,091 
Current gross charge offs— — 119 38 — — — 157 
Commercial and industrial
  Pass63,387 70,165 37,732 16,052 15,064 5,732 102,167 310,299 
  Special Mention987 56 — — — 314 2,827 4,184 
  Substandard1 2,837 74 — — 492 — 3,404 
  Doubtful— — — — — — — — 
  Total64,375 73,058 37,806 16,052 15,064 6,538 104,994 317,887 
Current gross charge offs— — 1,210 — — — — 1,210 
Consumer and other
  Pass3,713 1,777 772 403 22 1,135 3,754 11,576 
  Special Mention— — — — — — — — 
  Substandard— — — 4 — — — 4 
  Doubtful— — — — — — — — 
  Total3,713 1,777 772 407 22 1,135 3,754 11,580 
Current gross charge offs10 15 — — — — — 25 
Gross Loans
  Pass377,700 412,080 569,914 305,001 144,672 221,622 166,145 2,197,134 
  Special Mention1,647 56 1,461 5,463 — 16,557 3,067 28,251 
  Substandard196 3,501 1,026 329 479 2,278 50 7,859 
  Doubtful— — — — — — — — 
  Total$379,543 $415,637 $572,401 $310,793 $145,151 $240,457 $169,262 $2,233,244 
Current gross charge offs$10 $15 $1,329 $38 $— $11 $— $1,403 
The following tables summarize collateral dependent loans, which are individually evaluated to determine expected credit losses, as of March 31, 2025 and December 31, 2024:
Real EstateOtherTotalACL
As of March 31, 2025
Real estate mortgages:
Construction and development$678$—$678$21 
Residential1,103—1,10347 
Commercial10,712—10,712507 
Commercial and industrial—9,6429,642403 
Consumer and other— 22— 
Total$12,493$9,644$22,137$978 


Real EstateOtherTotalACL
As of December 31, 2024
Real estate mortgages:
Construction and development$696$—$696$23 
Residential924—92449 
Commercial9,672—9,672557 
Commercial and industrial—3,4113,411205 
Consumer and other— 1111— 
Total$11,292$3,422$14,714$834 
Schedule of Aging Analysis The following tables present the aging of the recorded investment in loans and leases as of March 31, 2025 and December 31, 2024:
Past Due Status (Accruing Loans)
Current
30-59
Days
60-89
Days
90+
Days
Total Past DueNonaccrual with ACLNonaccrual without ACLTotal
As of March 31, 2025
Real estate mortgages:
Construction and development
$244,980 $1,481 $400 $— $1,881 $— $403 $247,264 
Residential
316,570 666 — — 666 20 738 317,994 
Commercial
1,351,095 1,679 596 — 2,275 2,392 302 1,356,064 
Commercial and industrial327,985 2,428 98 — 2,526 603 2,717 333,831 
Consumer and other11,563 20 4 — 24 — — 11,587 
Total$2,252,193 $6,274 $1,098 $— $7,372 $3,015 $4,160 $2,266,740 
As of December 31, 2024
Real estate mortgages:
Construction and development
$237,390 $636 $162 $— $798 $— $415 $238,603 
Residential
313,66081846—86421538315,083 
Commercial
1,340,9905,2391,667987,0041,7723251,350,091 
Commercial and industrial313,4541,070——1,0705702,793317,887 
Consumer and other11,56910—111——11,580 
Total$2,217,063 $7,773 $1,875 $99 $9,747 $2,363 $4,071 $2,233,244 
Schedule of Allowance for Credit Loss
The following tables detail activity in the allowance for credit losses by portfolio segment as of March 31, 2025 and March 31, 2024. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
We maintain an allowance for credit losses on unfunded loan commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The allowance for credit losses is computed using a methodology similar to that used to determine the allowance for credit losses for loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the consolidated balance sheet within other liabilities, while corresponding provision for these credit losses is recorded as a component of other operating expense. At March 31, 2025, $1,405 in allowance for credit losses on unfunded commitments was included in other liabilities on the consolidated balance sheets.
Real EstateCommercialConsumerTotal
Allowance for credit losses:
Balance at December 31, 2024
$23,861 $4,367 $110 $28,338 
Provision for credit losses182 592 1 775 
Loans charged off— (331)(2)(333)
Recoveries of loans previously charged off6 89 1 96 
Ending balance at March 31, 2025
$24,049 $4,717 $110 $28,876 
Real EstateCommercialConsumerTotal
Allowance for credit losses:
Balance at December 31, 2023
$19,826 $4,466 $86 $24,378 
Provision for credit losses1,173 48 15 1,236 
Loans charged off(38)(442)(15)(495)
Recoveries of loans previously charged off8 16 1 25 
Ending balance at March 31, 2024
$20,969 $4,088 $87 $25,144 
The allowance for credit losses on unfunded commitments as follows:

March 31,
2025		March 31,
2024
Allowance for credit losses on unfunded commitments at beginning of the period$1,405$1,239
Provision for credit losses on unfunded commitments—49
Balance at the end of the period$1,405$1,288
Schedule of Amortized Cost Basis
The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2025.

Three Months Ended March 31, 2025
Term ExtensionTerm Extension and Rate AdjustmentTotalPercentage of Total Loans
Real estate mortgages:
Construction and development
$—$—$—— %
Residential
———— %
Commercial
———— %
Commercial and industrial
———— %
Consumer and other
———— %
       Total$—$—$—— %
The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the year ended December 31, 2024.
Modifications to Borrowers Experiencing Financial Difficulty (Continued)

Year Ended December 31, 2024
Term ExtensionTerm Extension and Rate AdjustmentTotalPercentage of Total Loans
Real estate mortgages:
Construction and development
$—$—$—— %
Residential
———— %
Commercial
———— %
Commercial and industrial
———— %
Consumer and other
———— %
       Total$—$—$—— %
Schedule of Changes in Accretable Yield Changes in the accretable yield, or income expected to be collected, on acquired non-PCD loans as of March 31, 2025 and December 31, 2024 were as follows:
March 31, 2025December 31, 2024
Balance, beginning of the year
$4,372 $67 
Additions
—4,747
Disposals
(154)(79)
Accretion
(116)(363)
Balance, end of the period
$4,102$4,372