Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2026

Loans and Allowance for Credit Losses

Schedule of summary loan portfolio

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

	March 31,		December 31,
	2026		2025
Commercial real estate loans:
Non-residential	$	417,373	$	417,808
Multi-family		107,090		107,938
Construction		8,856		8,982
Commercial and industrial loans		92,969		91,526
Residential real estate loans		100,966		100,086
Consumer loans:
Indirect automobile		196,426		213,802
Home equity		11,950		12,290
Other consumer		5,748		5,733
Total gross loans		941,378		958,165
Dealer reserves		3,261		3,573
Allowance for credit losses		(7,888)		(8,353)
Total net loans	$	936,751	$	953,385

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:

	March 31, 2026
							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:
Non-residential	$	412,789	$	2,900	$	—	$	1,684	$	417,373	$	1,684
Multifamily		107,090		—		—		—		107,090		—
Construction		8,856		—		—		—		8,856		—
Commercial and industrial		92,137		601		231		—		92,969		—
Residential real estate		99,758		645		183		380		100,966		1,217
Consumer:
Indirect automobile		189,797		5,462		649		518		196,426		544
Home equity		11,829		108		—		13		11,950		13
Other consumer		5,532		196		13		7		5,748		7
Total	$	927,788	$	9,912	$	1,076	$	2,602	$	941,378	$	3,465

	December 31, 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:
Non-residential	$	415,286	$	837	$	17	$	1,668	$	417,808	$	1,668
Multifamily		107,938		—		—		—		107,938		—
Construction		8,982		—		—		—		8,982		—
Commercial and industrial		91,241		263		—		22		91,526		22
Residential real estate		98,355		1,157		184		390		100,086		1,255
Consumer:
Indirect automobile		204,192		7,831		1,072		707		213,802		740
Home equity		12,075		170		45		—		12,290		—
Other consumer		5,561		134		23		15		5,733		15
Total	$	943,630	$	10,392	$	1,341	$	2,802	$	958,165	$	3,700

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:

	March 31, 2026		December 31, 2025
Commercial real estate:
Non-residential	$	1,684	$	1,668
Commercial and industrial		—		22
Residential real estate		1,217		1,255
Consumer:
Indirect automobile		145		110
Home equity		13		—
Total	$	3,059	$	3,055

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

	March 31, 2026				December 31, 2025
	Non-accrual loans		Related ACL		Non-accrual loans		Related ACL
Consumer:
Indirect automobile	$	399	$	129	$	630	$	226
Other consumer		7		7		15		14
Total	$	406	$	136	$	645	$	240

Schedule of loan balances by segment

Activity in the Company’s ACL for loans for the three months ended March 31, 2026 is summarized in the table below:

	Three months ended March 31, 2026
	Balance at						(Reversal of)		Balance at
	beginning of						provision for		end of
	period		Charge-offs		Recoveries		credit losses		period
Commercial real estate:
Non-residential	$	3,142	$	—	$	—	$	(78)	$	3,064
Multifamily		490		—		—		(27)		463
Construction		—		—		—		—		—
Commercial and industrial		762		—		11		(36)		737
Residential real estate		739		—		—		3		742
Consumer:
Indirect automobile		3,050		(868)		334		205		2,721
Home equity		90		—		—		(3)		87
Other consumer		80		(31)		7		18		74
Total	$	8,353	$	(899)	$	352	$	82	$	7,888

Activity in the Company’s ACL for loans for the three months ended March 31, 2025 is summarized in the tables below.

	Three months ended March 31, 2025
	Balance at						Provision for		Balance at
	beginning of						(reversal of)		end of
	period		Charge-offs		Recoveries		credit losses		period
Commercial real estate:
Non-residential	$	2,675	$	—	$	—	$	42	$	2,717
Multifamily		313		—		—		19		332
Construction		—		—		—				—
Commercial and industrial		684		(175)		3		161		673
Residential real estate		575		—		—		37		612
Consumer:
Indirect automobile		4,133		(784)		426		136		3,911
Home equity		84		—		—		3		87
Other consumer		75		—		20		(21)		74
Total	$	8,539	$	(959)	$	449	$	377	$	8,406

Schedule of ACL for unfunded commitments

Activity in the Company’s ACL for unfunded commitments for the three months ended March 31, 2026 and 2025 is summarized in the tables below.

	Three months ended March 31, 2026
	Balance at		(Reversal of)		Balance at
	beginning of		provision for		end of
	period		credit losses		period
Commercial real estate:
Non-residential	$	19	$	—	$	19
Commercial and industrial		111		(11)		100
Residential real estate		3		—		3
Consumer:
Home equity		17		—		17
Other consumer		2		—		2
Total	$	152	$	(11)	$	141

	Three months ended March 31, 2025
	Balance at		(Reversal of)		Balance at
	beginning of		provision for		end of
	period		credit losses		period
Commercial real estate:
Non-residential	$	119	$	(27)	$	92
Commercial and industrial		104		(1)		103
Residential real estate		1		4		5
Consumer:
Home equity		18		—		18
Other consumer		2		—		2
Total	$	244	$	(24)	$	220

Summary of provision for credit losses

The following table summarizes the provision for credit losses for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026		2025
Provision for credit losses - loans	$	82	$	377
(Reversal of) provision for credit losses - unfunded commitments		(11)		(24)
Provision for credit losses	$	71	$	353

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 three months ended March 31, 2026, and by fiscal year of origination as of March 31, 2026.

													Revolving
	Loans by Origination Year												Loans
	2026		2025		2024		2023		2022		Prior		Amortized Cost		Total
Commercial construction
Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Watch		463		775		7,618		-		-		-		-		8,856
Total commercial construction		463		775		7,618		-		-		-		-		8,856
Commercial non-residential
Pass	$	3,609	$	65,309	$	43,144	$	31,199	$	34,249	$	96,481	$	-	$	273,991
Watch		500		16,524		13,296		14,889		21,236		47,665		-		114,110
Special mention		-		-		-		22,910		1,979		-		-		24,889
Substandard		-		-		-		-		2,308		2,075		-		4,383
Total commercial non-residential		4,109		81,833		56,440		68,998		59,772		146,221		-		417,373
Multifamily
Pass	$	-	$	10,941	$	735	$	586	$	17,787	$	34,737	$	-	$	64,786
Watch		-		993		5,614		10,203		10,686		14,808		-		42,304
Total multifamily		-		11,934		6,349		10,789		28,473		49,545		-		107,090
Residential
Performing	$	3,802	$	20,324	$	14,416	$	24,921	$	19,906	$	16,380	$	-	$	99,749
Non-performing		-		-		-		-		289		928		-		1,217
Total residential		3,802		20,324		14,416		24,921		20,195		17,308		-		100,966
Commercial and industrial
Pass	$	2,435	$	7,483	$	6,123	$	5,772	$	13,558	$	4,930	$	18,318	$	58,619
Watch		978		6,098		3,022		754		1,932		970		14,727		28,481
Special mention		-		-		-		273		2,935		-		2,619		5,827
Substandard		-		-		-		-		-		-		42		42
Total commercial and industrial		3,413		13,581		9,145		6,799		18,425		5,900		35,706		92,969
Indirect automobile
Performing	$	10,671	$	41,512	$	34,965	$	41,300	$	48,919	$	18,515	$	-	$	195,882
Non-performing		-		39		81		111		189		124		-		544
Total indirect automobile		10,671		41,551		35,046		41,411		49,108		18,639		-		196,426
Current-period gross write-offs		-		87		170		341		166		104		-		868
Home equity
Performing	$	128	$	672	$	204	$	-	$	-	$	2,965	$	7,968	$	11,937
Non-performing		-		-		-		-		-		13		-		13
Total home equity		128		672		204		-		-		2,978		7,968		11,950
Other consumer
Performing	$	1,029	$	1,648	$	1,255	$	802	$	689	$	104	$	214	$	5,741
Non-performing		-		-		7		-		-		-		-		7
Total other consumer		1,029		1,648		1,262		802		689		104		214		5,748
Current-period gross write-offs		-		-		11		9		11		-		-		31
Total Loans
Pass/performing	$	21,674	$	147,889	$	100,842	$	104,580	$	135,108	$	174,112	$	26,500	$	710,705
Watch		1,941		24,390		29,550		25,846		33,854		63,443		14,727		193,751
Special mention		0		-		0		23,183		4,914		0		2,619		30,716
Substandard		-		-		-		-		2,308		2,075		42		4,425
Non-performing		-		39		88		111		478		1,065		-		1,781
Total Loans	$	23,615	$	172,318	$	130,480	$	153,720	$	176,662	$	240,695	$	43,888	$	941,378
Total Current-period gross write-offs	$	0	$	87	$	181	$	350	$	177	$	104	$	-	$	899

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, 2025, and by fiscal year of origination as of December 31, 2025.

													Revolving
	Loans by Origination Year												Loans
	2025		2024		2023		2022		2021		Prior		Amortized Cost		Total
Commercial construction
Pass	$	2,037	$	-	$	-	$	-	$	-	$	-	$	-	$	2,037
Watch		775		6,170		-		-		-		-		-		6,945
Total commercial construction		2,812		6,170		-		-		-		-		-		8,982
Commercial non-residential
Pass	$	63,489	$	44,835	$	36,178	$	34,652	$	25,438	$	74,392	$	-	$	278,984
Watch		16,602		11,894		10,164		23,344		3,343		46,157		-		111,504
Special mention		-		-		22,921		-		-		-		-		22,921
Substandard		-		-		-		2,315		-		2,084		-		4,399
Total commercial non-residential		80,091		56,729		69,263		60,311		28,781		122,633		-		417,808
Current-period gross write-offs		-		-		-		629		-		-		-		629
Multifamily
Pass	$	10,986	$	738	$	590	$	18,086	$	27,949	$	7,063	$	-	$	65,412
Watch		996		5,627		10,210		10,756		5,514		9,423		-		42,526
Total multifamily		11,982		6,365		10,800		28,842		33,463		16,486		-		107,938
Residential
Performing	$	21,114	$	14,402	$	25,795	$	20,184	$	1,720	$	15,616	$	-	$	98,831
Non-performing		-		-		-		292		-		963		-		1,255
Total residential		21,114		14,402		25,795		20,476		1,720		16,579		-		100,086
Commercial and industrial
Pass	$	8,011	$	6,937	$	6,533	$	14,284	$	5,559	$	512	$	18,818	$	60,654
Watch		6,305		3,014		783		4,689		190		939		14,186		30,106
Special mention		-		-		-		455		-		-		250		705
Substandard		-		-		-		-		22		-		39		61
Total commercial and industrial		14,316		9,951		7,316		19,428		5,771		1,451		33,293		91,526
Current-period gross write-offs				11		151		8		-		165		-		335
Indirect automobile
Performing	$	44,776	$	38,583	$	47,088	$	58,044	$	19,391	$	5,180	$	-	$	213,062
Non-performing		41		104		120		320		87		68		-		740
Total indirect automobile		44,817		38,687		47,208		58,364		19,478		5,248		-		213,802
Current-period gross write-offs		86		428		500		1,026		463		129		-		2,632
Home equity
Performing	$	680	$	206	$	-	$	-	$	-	$	3,213	$	8,191	$	12,290
Total home equity		680		206		-		-		-		3,213		8,191		12,290
Other consumer
Performing	$	1,987	$	1,483	$	975	$	907	$	139	$	7	$	220	$	5,718
Non-performing		-		5		10		-		-		-		-		15
Total other consumer		1,987		1,488		985		907		139		7		220		5,733
Current-period gross write-offs		33		18		15		24		-		-		-		90
Total Loans
Pass/performing	$	153,080	$	107,184	$	117,159	$	146,157	$	80,196	$	105,983	$	27,229	$	736,988
Watch		24,678		26,705		21,157		38,789		9,047		56,519		14,186		191,081
Special mention		0		-		22,921		455		0		0		250		23,626
Substandard		-		-		-		2,315		22		2,084		39		4,460
Non-performing		41		109		130		612		87		1,031		-		2,010
Total Loans	$	177,799	$	133,998	$	161,367	$	188,328	$	89,352	$	165,617	$	41,704	$	958,165
Total Current-period gross write-offs	$	119	$	457	$	666	$	1,687	$	463	$	294	$	-	$	3,686