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Loans Receivable (Tables)
9 Months Ended
Sep. 30, 2023
Loans and Leases Receivable Disclosure [Abstract]  
Summary of Portfolio Segments and Classes of Loans

The portfolio segments and classes of loans are as follows:

 

(In Thousands)

 

September 30, 2023

 

 

December 31, 2022

 

Agriculture and farmland loans

 

$

50,584

 

 

$

55,746

 

Construction loans

 

 

65,836

 

 

 

57,713

 

Commercial & industrial loans

 

 

115,572

 

 

 

104,755

 

Commercial real estate loans

 

 

 

 

 

 

     Multifamily

 

 

111,853

 

 

 

105,390

 

     Owner occupied

 

 

160,929

 

 

 

139,554

 

     Non-owner occupied

 

 

257,344

 

 

 

245,274

 

Residential real estate loans

 

 

 

 

 

 

     First liens

 

 

172,481

 

 

 

168,084

 

     Second liens and lines of credit

 

 

27,870

 

 

 

35,576

 

Consumer and other loans

 

 

11,869

 

 

 

10,057

 

Municipal loans

 

 

4,137

 

 

 

5,466

 

 

 

978,475

 

 

 

927,615

 

Deferred costs

 

 

437

 

 

 

256

 

Allowance for credit losses

 

 

(9,964

)

 

 

(4,666

)

Total

 

$

968,948

 

 

$

923,205

 

 

The balances at December 31, 2022 were reclassified from those previously reported as shown in Note 1.