Significant Estimates and Concentrations

6 Months Ended

Jun. 30, 2025

Significant Estimates and Concentrations [Abstract]

Significant Estimates and Concentrations

Note 11: Significant Estimates and Concentrations

GAAP requires disclosure of certain significant estimates and current vulnerabilities due to certain concentrations.  Estimates related to the allowance for credit losses are reflected in Note 6 regarding loans.  Current vulnerabilities due to off-balance sheet credit risk are discussed in Note 11.

As of June 30, 2025, hospitality loans were 19% of gross total loans with outstanding balances of $278.5 million and unfunded commitments of $1.3 million; energy loans were 11% of gross total loans with outstanding balances of $168.4 million and unfunded commitments of $26.5 million.

The Company evaluates goodwill for potential goodwill impairment on an annual basis or more often based on consideration if any impairment indicators have occurred. A prolonged strain on the U.S. economy impacting the Company could result in goodwill being partially or fully impaired. At June 30, 2025, goodwill of $11.2 million was recorded on the consolidated balance sheet.