COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

A summary of the Company’s commitments is as follows:


	March 31, 2025		December 31, 2024
Commitments to extend credit	$	363,077	$	401,912
Standby letters of credit	5,795		5,901
Total	$	368,872	$	407,813

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 Estate		Commercial		Consumer		Total
Allowance for credit losses:
Balance at December 31, 2024	$	23,861	$	4,367	$	110	$	28,338

Provision for credit losses	182		592		1		775
Loans charged off	—		(331)		(2)		(333)
Recoveries of loans previously charged off	6		89		1		96
Ending balance at March 31, 2025	$	24,049	$	4,717	$	110	$	28,876


	Real Estate		Commercial		Consumer		Total
Allowance for credit losses:
Balance at December 31, 2023	$	19,826	$	4,466	$	86	$	24,378

Provision for credit losses	1,173		48		15		1,236
Loans charged off	(38)		(442)		(15)		(495)
Recoveries of loans previously charged off	8		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