Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Loans and Allowance for Credit Losses

Schedule of summary loan portfolio

A summary of the Company’s loan portfolio is as follows:

	June 30,		December 31,
	2025		2024
Commercial real estate loans:
Construction	$	24,726	$	26,611
Non-residential		372,352		350,962
Multi-family		108,380		105,030
Residential real estate loans		94,030		86,651
Commercial and industrial loans		90,882		91,517
Consumer loans:
Indirect automobile		256,107		295,669
Home equity		11,747		11,656
Other consumer		6,321		6,830
Total gross loans		964,545		974,926
Dealer reserves		4,489		5,392
Allowance for credit losses		(8,231)		(8,539)
Total net loans	$	960,803	$	971,779

Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans

The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans:

	June 30, 2025
							Greater Than
			30-59 Days		60-89 Days		90 Days Past		Total Loans
	Current		Past Due		Past Due		Due		Receivable		Non-accrual
Commercial real estate:
Construction	$	24,726	$	—	$	—	$	—	$	24,726	$	—
Non-residential		371,194		—		—		1,158		372,352		1,158
Multifamily		108,367		—		13		—		108,380		—
Residential real estate		91,820		1,015		1,148		47		94,030		970
Commercial and industrial		90,436		123		152		171		90,882		171
Consumer:
Indirect automobile		247,622		6,971		935		579		256,107		593
Home equity		11,609		138		—		—		11,747		—
Other consumer		6,125		155		26		15		6,321		15
Total	$	951,899	$	8,402	$	2,274	$	1,970	$	964,545	$	2,907

	December 31, 2024
							Greater Than
			30-59 Days		60-89 Days		90 Days Past		Total Loans
	Current		Past Due		Past Due		Due		Receivable		Non-accrual
Commercial real estate:
Construction	$	26,611	$	—	$	—	$	—	$	26,611	$	—
Non-residential		348,220		873		—		1,869		350,962		1,869
Multifamily		105,008		22		—		—		105,030		—
Residential real estate		85,961		604		—		86		86,651		1,182
Commercial and industrial		91,090		57		159		211		91,517		319
Consumer:
Indirect automobile		283,458		10,062		1,593		556		295,669		590
Home equity		11,173		153		156		174		11,656		174
Other consumer		6,689		121		20		—		6,830		—
Total	$	958,210	$	11,892	$	1,928	$	2,896	$	974,926	$	4,134

Schedule of amortized cost basis of nonaccrual loans

The following table presents the Company’s amortized cost basis of non-accrual loans for which there is no related ACL:

	June 30, 2025		December 31, 2024
Commercial real estate:
Non-residential	$	1,158	$	1,869
Residential real estate		970		1,182
Commercial and industrial		154		299
Consumer:
Indirect automobile		116		131
Home equity		—		174
Total	$	2,398	$	3,655

The following table presents the Company’s amortized cost basis of only those non-accrual loans with a related ACL:

	June 30, 2025				December 31, 2024
	Non-accrual loans		Related ACL		Non-accrual loans		Related ACL
Commercial and industrial	$	17	$	17	$	20	$	20
Consumer:
Indirect automobile		477		133		459		139
Other consumer		15		13		—		—
Total	$	509	$	163	$	479	$	159

Schedule of loan balances by segment

Activity in the Company’s ACL for loans for the three and six months ended June 30, 2025 is summarized in the table below.

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Three months ended June 30, 2025
Allowance for credit losses:
Beginning balance	$	3,049	$	612	$	673	$	3,911	$	161	$	8,406
Provision for (reversal of) credit losses		61		110		(25)		(267)		37		(84)
Loans charged-off		—		—		—		(476)		(31)		(507)
Recoveries		—		—		—		408		8		416
Ending balance	$	3,110	$	722	$	648	$	3,576	$	175	$	8,231

		Commercial				Commercial
		Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
Allowance for credit losses:	Six months ended June 30, 2025
Beginning balance	$	2,988	$	575	$	684	$	4,133	$	159	$	8,539
Provision for (reversal of) credit losses		122		147		136		(131)		19		293
Loans charged-off		—		—		(175)		(1,260)		(31)		(1,466)
Recoveries		—		—		3		834		28		865
Ending balance	$	3,110	$	722	$	648	$	3,576	$	175	$	8,231

Activity in the Company’s ACL for loans for the three and six months ended June 30, 2024 is summarized in the tables below.

	Commercial		Residential		Commercial
	Real Estate		Real Estate		and Industrial			Indirect	Consumer		Totals
	Three months ended June 30, 2024
Allowance for credit losses:
Beginning balance	$	3,039	$	355	$	566	$	3,914	$	99	$	7,973
Provision for credit losses		58		22		57		249		48		434
Loans charged-off		(291)		—		(48)		(918)		(50)		(1,307)
Recoveries		—		—		1		453		20		474
Ending balance	$	2,806	$	377	$	576	$	3,698	$	117	$	7,574

	Commercial		Residential		Commercial
	Real Estate		Real Estate		and Industrial			Indirect	Consumer		Totals
	Six months ended June 30, 2024
Allowance for credit losses:
Beginning balance	$	2,716	$	346	$	606	$	4,348	$	108	$	8,124
Provision for credit losses		381		31		51		11		59		533
Loans charged-off		(291)		—		(82)		(1,813)		(81)		(2,267)
Recoveries		—		—		1		1,152		31		1,184
Ending balance	$	2,806	$	377	$	576	$	3,698	$	117	$	7,574

Schedule of ACL for unfunded commitments

Activity in the Company’s ACL for unfunded commitments for the three and six months ended June 30, 2025 and 2024 is summarized in the tables below.

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Three months ended June 30, 2025
Allowance for credit losses:
Beginning balance	$	92	$	5	$	103	$	—	$	20	$	220
(Reversal of) provision for credit losses		(19)		(2)		4		—		—		(17)
Ending balance	$	73	$	3	$	107	$	—	$	20	$	203

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Six months ended June 30, 2025
Allowance for credit losses:
Beginning balance	$	119	$	1	$	104	$	—	$	20	$	244
(Reversal of) provision for credit losses		(46)		2		3		—		—		(41)
Ending balance	$	73	$	3	$	107	$	—	$	20	$	203

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Three months ended June 30, 2024
Allowance for credit losses:
Beginning balance	$	158	$	—	$	71	$	—	$	12	$	241
Provision for (reversal of) credit losses		2		3		9		—		(1)		13
Ending balance	$	160	$	3	$	80	$	—	$	11	$	254

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Six months ended June 30, 2024
Allowance for credit losses:
Beginning balance	$	172	$	—	$	72	$	—	$	13	$	257
(Reversal of) provision for credit losses		(12)		3		8		—		(2)		(3)
Ending balance	$	160	$	3	$	80	$	—	$	11	$	254

Summary of provision for credit losses

The following table summarizes the provision for credit losses for the three and six months ended June 30, 2025 and 2024:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
(Reversal of) provision for credit losses - loans	$	(84)	$	434	$	293	$	533
(Reversal of) provision for credit losses - unfunded commitments		(17)		13		(41)		(3)
(Reversal of) provision for credit losses	$	(101)	$	447	$	252	$	530

Schedule of loans by risk rating and portfolio segment

The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process) based on rating category, as well as gross write-offs for the six months ended June 30, 2025, and by fiscal year of origination as of June 30, 2025.

													Revolving
	Loans by Origination Year												Loans
	2025		2024		2023		2022		2021		Prior		Amortized Cost		Total
Commercial construction
Pass	$	1,200	$	-	$	-	$	-	$	-	$	-	$	-	$	1,200
Watch		327		8,199		15,000		-		-		-		-		23,526
Total commercial construction		1,527		8,199		15,000		-		-		-		-		24,726
Commercial non-residential
Pass	$	38,061	$	45,292	$	36,545	$	36,557	$	26,525	$	78,144	$	-	$	261,124
Watch		5,419		8,453		18,239		19,899		2,545		40,639		-		95,194
Special mention		-		-		-		1,622		852		5,672		-		8,146
Substandard		-		-		-		4,140		-		3,748		-		7,888
Total commercial non-residential		43,480		53,745		54,784		62,218		29,922		128,203		-		372,352
Multifamily
Pass	$	4,813	$	743	$	1,383	$	18,234	$	34,041	$	7,201	$	-	$	66,415
Watch		-		5,653		10,223		10,893		5,591		9,605		-		41,965
Total multifamily		4,813		6,396		11,606		29,127		39,632		16,806		-		108,380
Residential
Performing	$	10,727	$	15,313	$	26,183	$	22,553	$	1,971	$	16,313	$	-	$	93,060
Non-performing		-		-		-		-		-		970		-		970
Total residential		10,727		15,313		26,183		22,553		1,971		17,283		-		94,030
Commercial and industrial
Pass	$	3,666	$	11,037	$	8,389	$	16,002	$	6,634	$	1,061	$	18,524	$	65,313
Watch		2,870		2,876		668		5,147		184		1,152		11,584		24,481
Special mention		-		-		-		481		106		89		250		926
Substandard		-		-		-		-		37		86		39		162
Total commercial and industrial		6,536		13,913		9,057		21,630		6,961		2,388		30,397		90,882
Current-period gross write-offs				10		-		-		-		165		-		175
Indirect automobile
Performing	$	11,188	$	28,083	$	46,356	$	59,526	$	80,395	$	29,966	$	-	$	255,514
Non-performing		22		62		117		186		125		81		-		593
Total indirect automobile		11,210		28,145		46,473		59,712		80,520		30,047		-		256,107
Current-period gross write-offs		9		208		230		458		268		87		-		1,260
Home equity
Performing	$	292	$	210	$	-	$	-	$	-	$	3,317	$	7,928	$	11,747
Total home equity		292		210		-		-		-		3,317		7,928		11,747
Other consumer
Performing	$	1,160	$	2,020	$	1,308	$	1,315	$	257	$	27	$	219	$	6,306
Non-performing		-		-		15		-		-		-		-		15
Total other consumer		1,160		2,020		1,323		1,315		257		27		219		6,321
Current-period gross write-offs		11		14		-		6		-		-		-		31
Total Loans
Pass/performing	$	71,107	$	102,698	$	120,164	$	154,187	$	149,823	$	136,029	$	26,671	$	760,679
Watch		8,616		25,181		44,130		35,939		8,320		51,396		11,584		185,166
Special mention		0		-		0		2,103		958		5,761		250		9,072
Substandard		-		-		-		4,140		37		3,834		39		8,050
Non-performing		22		62		132		186		125		1,051		-		1,578
Total Loans	$	79,745	$	127,941	$	164,426	$	196,555	$	159,263	$	198,071	$	38,544	$	964,545
Total Current-period gross write-offs	$	20	$	232	$	230	$	464	$	268	$	252	$	-	$	1,466

The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process) based on rating category, as well as gross write-offs for the year ended December 31, 2024, and by fiscal year of origination as of December 31, 2024.

													Revolving
	Loans by Origination Year												Loans
	2024		2023		2022		2021		2020		Prior		Amortized Cost		Total
Commercial construction
Watch	$	6,509	$	17,261	$	2,841	$	-	$	-	$	-	$	-	$	26,611
Total commercial construction		6,509		17,261		2,841		-		-		-		-		26,611
Commercial non-residential
Pass	$	46,429	$	36,900	$	47,082	$	27,329	$	16,104	$	69,260	$	-	$	243,104
Watch		8,515		14,336		16,201		7,341		10,952		33,799		-		91,144
Special mention		-		-		3,009		873		322		5,745		-		9,949
Substandard		-		-		2,834		-		-		3,931		-		6,765
Total commercial non-residential		54,944		51,236		69,126		35,543		27,378		112,735		-		350,962
Current-period gross write-offs		-		-		-		-		-		291		-		291
Multifamily
Pass	$	-	$	1,398	$	18,410	$	28,939	$	2,034	$	5,296	$	-	$	56,077
Watch		5,673		10,235		11,027		11,863		-		10,155		-		48,953
Total multifamily		5,673		11,633		29,437		40,802		2,034		15,451		-		105,030
Residential
Performing	$	15,456	$	26,755	$	23,922	$	2,032	$	2,638	$	14,666	$	-	$	85,469
Non-performing		-		-		-		-		-		1,182		-		1,182
Total residential		15,456		26,755		23,922		2,032		2,638		15,848		-		86,651
Commercial and industrial
Pass	$	13,386	$	9,810	$	19,044	$	7,944	$	650	$	957	$	17,303	$	69,094
Watch		3,269		745		5,667		191		365		1,081		10,004		21,322
Special mention		-		-		506		191		98		6		-		801
Substandard		-		-		-		-		-		103		38		141
Doubtful		-		-		-		-		-		159		-		159
Total commercial and industrial		16,655		10,555		25,217		8,326		1,113		2,306		27,345		91,517
Current-period gross write-offs		-		40		-		7		-		561		-		608
Indirect automobile
Performing	$	54,048	$	72,083	$	104,879	$	42,286	$	15,440	$	6,343	$	-	$	295,079
Non-performing		46		78		182		187		62		35		-		590
Total indirect automobile		54,094		72,161		105,061		42,473		15,502		6,378		-		295,669
Current-period gross write-offs		171		812		1,533		665		256		189		-		3,626
Home equity
Performing	$	341	$	-	$	-	$	-	$	-	$	3,684	$	7,457	$	11,482
Non-performing		-		-		-		-		-		174		-		174
Total home equity		341		-		-		-		-		3,858		7,457		11,656
Other consumer
Performing	$	2,581	$	1,703	$	1,829	$	400	$	89	$	11	$	217	$	6,830
Total other consumer		2,581		1,703		1,829		400		89		11		217		6,830
Current-period gross write-offs		12		82		73		6		24		4		-		201
Total Loans
Pass/performing	$	132,241	$	148,649	$	215,166	$	108,930	$	36,955	$	100,217	$	24,977	$	767,135
Watch		23,966		42,577		35,736		19,395		11,317		45,035		10,004		188,030
Special mention		0		-		3,515		1,064		420		5,751		-		10,750
Substandard		-		-		2,834		-		0		4,034		38		6,906
Doubtful		-		-		-		-		-		159		-		159
Non-performing		46		78		182		187		62		1,391		-		1,946
Total Loans	$	156,253	$	191,304	$	257,433	$	129,576	$	48,754	$	156,587	$	35,019	$	974,926
Total Current-period gross write-offs	$	183	$	934	$	1,606	$	678	$	280	$	1,045	$	-	$	4,726