Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Allowance for Credit Loss [Abstract]

Summary of Allowance for Credit Losses by Loan Segment

The following tables summarize the activity in the allowance for credit losses by loan segment for the three and six months ended June 30, 2025 and 2024.

	Beginning balance		Charge-offs			Charge-offs on PCD Acquired Loans			Recoveries		Provision for credit losses			Ending balance
(In Thousands)	For the Three Months Ended June 30, 2025
Allowance for credit losses:
Agriculture and farmland	$	10	$	—		$	—		$	—	$	(1	)	$	9
Construction		1,360		—			—			2		116			1,478
Commercial & industrial		4,403		—			—			—		(161	)		4,242
Commercial real estate
Multifamily		1,813		—			—			—		66			1,879
Owner occupied		5,339		—			—			1		423			5,763
Non-owner occupied		9,050		(35	)		(2,018	)		—		(273	)		6,724
Residential real estate
First liens		3,299		(3	)		—			5		(74	)		3,227
Second liens and lines of credit		1,208		—			—			—		(20	)		1,188
Municipal		36		—			—			—		1			37
Consumer		101		(11	)		—			1		13			104
Total	$	26,619	$	(49	)	$	(2,018	)	$	9	$	90		$	24,651
	Beginning balance		Charge-offs			Recoveries			Allowance for Credit Losses on PCD Acquired Loans		Provision for credit losses			Ending balance
(In Thousands)	For the Three Months Ended June 30, 2024
Allowance for credit losses:
Agriculture and farmland	$	12	$	—		$	—		$	—	$	—		$	12
Construction		1,523		—			2			—		316			1,841
Commercial & industrial		2,962		(4	)		6			—		471			3,435
Commercial real estate
Multifamily		1,592		—			2			—		320			1,914
Owner occupied		5,738		—			—			—		143			5,881
Non-owner occupied		6,099		—			4			2,300		(377	)		8,026
Residential real estate
First liens		4,675		—			6			—		(634	)		4,047
Second liens and lines of credit		1,071		—			3			—		(97	)		977
Municipal		68		—			—			—		(4	)		64
Consumer		102		(2	)		3			—		(12	)		91
Total	$	23,842	$	(6	)	$	26		$	2,300	$	126		$	26,288

	Beginning balance		Charge-offs			Charge-offs on PCD Acquired Loans			Recoveries		Provision for credit losses			Ending balance
(In Thousands)	For the Six Months Ended June 30, 2025
Allowance for credit losses:
Agriculture and farmland	$	11	$	—		$	—		$	—	$	(2	)	$	9
Construction		893		—			—			3		582			1,478
Commercial & industrial		4,093		(74	)		—			4		219			4,242
Commercial real estate
Multifamily		1,805		—			—			—		74			1,879
Owner occupied		5,611		—			—			1		151			5,763
Non-owner occupied		9,345		(35	)		(2,018	)		—		(568	)		6,724
Residential real estate
First liens		3,395		(3	)		—			9		(174	)		3,227
Second liens and lines of credit		1,154		—			—			1		33			1,188
Municipal		48		—			—			—		(11	)		37
Consumer		80		(29	)					2		51			104
Total	$	26,435	$	(141	)	$	(2,018	)	$	20	$	355		$	24,651
	Beginning balance		Charge-offs			Recoveries			Allowance for Credit Losses on PCD Acquired Loans		Provision for credit losses			Ending balance
(In Thousands)	For the Six Months Ended June 30, 2024
Allowance for credit losses:
Agriculture and farmland	$	12	$	—		$	—		$	—	$	—		$	12
Construction		959		—			2			—		880			1,841
Commercial & industrial		2,940		(10	)		8			—		497			3,435
Commercial real estate
Multifamily		1,483		—			2			—		429			1,914
Owner occupied		6,572		(6	)		1			—		(686	)		5,881
Non-owner occupied		5,773		(54	)		4			2,300		3			8,026
Residential real estate
First liens		4,778		—			13			—		(744	)		4,047
Second liens and lines of credit		1,072		—			10			—		(105	)		977
Municipal		79		—			—			—		(15	)		64
Consumer		99		(25	)		5			—		12			91
Total	$	23,767	$	(95	)	$	45		$	2,300	$	271		$	26,288

Summary of Amortized Cost Basis of Nonaccrual Loans and Loans Past due 90 Days or Greater and Still Accruing

The following tables present the amortized cost basis of nonaccrual loans and loans past due 90 days or greater and still accruing by segments of the loan portfolio:

	As of June 30, 2025
(In Thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with a related Allowance for Credit Loss		Total Nonaccrual		Loans 90 days or greater past due still accruing
Agriculture and farmland	$	—	$	362	$	362	$	20
Construction		151		9		160		—
Commercial & industrial		1,780		4,700		6,480		300
Commercial real estate
Multifamily		—		—		—		—
Owner occupied		944		8,039		8,983		—
Non-owner occupied		—		2,906		2,906		—
Residential real estate
First liens		—		2,149		2,149		58
Second liens and lines of credit		—		460		460		—
Municipal		—		—		—		—
Consumer		—		—		—		—
Total	$	2,875	$	18,625	$	21,500	$	378
	December 31, 2024
(In Thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with a related Allowance for Credit Loss		Total Nonaccrual		Loans 90 days or greater past due still accruing
Agriculture and farmland	$	—	$	—	$	—	$	—
Construction		9		—		9		157
Commercial & industrial		125		7		132		—
Commercial real estate
Multifamily		—		—		—		—
Owner occupied		6,171		3,581		9,752		—
Non-owner occupied		398		3,931		4,329		—
Residential real estate
First liens		1,975		—		1,975		289
Second liens and lines of credit		482		—		482		—
Municipal		—		—		—		—
Consumer		—		—		—		48
Total	$	9,160	$	7,519	$	16,679	$	494

Summary by Class of Loans, Carrying Value of Collateral Dependent Nonaccrual Loans and Type of Collateral

The following tables present, by class of loans, the carrying value of collateral dependent nonaccrual loans and type of collateral as of June 30, 2025 and December 31, 2024.

	June 30, 2025
(In Thousands)	Real Estate		Business Assets		Other		Total
Agriculture and farmland loans	$	362	$	—	$	—	$	362
Construction		160		—		—		160
Commercial & industrial loans		5,840		640		—		6,480
Commercial real estate loans
Multifamily		—		—		—		—
Owner occupied		8,983		—		—		8,983
Non-owner occupied		2,906		—		—		2,906
Residential real estate loans
First liens		2,149		—		—		2,149
Second liens and lines of credit		460		—		—		460
Municipal		—		—		—		—
Consumer		—		—		—		—
	$	20,860	$	640	$	—	$	21,500
	December 31, 2024
(In Thousands)	Real Estate		Business Assets		Other		Total
Agriculture and farmland loans	$	—	$	—	$	—	$	—
Construction		9		—		—		9
Commercial & industrial loans		—		132		—		132
Commercial real estate loans
Multifamily		—		—		—		—
Owner occupied		9,752		—		—		9,752
Non-owner occupied		4,329		—		—		4,329
Residential real estate loans
First liens		1,975		—		—		1,975
Second liens and lines of credit		482		—		—		482
Municipal		—		—		—		—
Consumer		—		—		—		—
	$	16,547	$	132	$	—	$	16,679

Summary of Aging Analysis of the Recorded Investment of Past-Due Loans

The following tables present an aging analysis of the recorded investment of past due loans at June 30, 2025 and December 31, 2024.

	June 30, 2025
(In Thousands)		30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total   Loans
Agriculture and farmland		$	323	$	—	$	382	$	705	$	61,291	$	61,996
Construction			—		—		9		9		140,967		140,976
Commercial & industrial			394		6,065		700		7,159		252,718		259,877
Commercial real estate
Multifamily			—		311		—		311		231,158		231,469
Owner occupied			875		587		8,983		10,445		492,070		502,515
Non-owner occupied			2,629		23		277		2,929		678,592		681,521
Residential real estate
First liens			2,422		684		716		3,822		372,057		375,879
Second liens and lines of credit			192		34		301		527		80,667		81,194
Municipal			—		—		—		—		2,917		2,917
Consumer			1		—		—		1		17,524		17,525
Total		$	6,836	$	7,704	$	11,368	$	25,908	$	2,329,961	$	2,355,869
	December 31, 2024
(In Thousands)		30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total   Loans
Agriculture and farmland		$	23	$	—	$	—	$	23	$	67,718	$	67,741
Construction			197		—		166		363		152,256		152,619
Commercial & industrial			41		—		90		131		245,702		245,833
Commercial real estate
Multifamily			314		—		—		314		211,464		211,778
Owner occupied			334		660		8,768		9,762		467,980		477,742
Non-owner occupied			—		—		398		398		627,839		628,237
Residential real estate
First liens			686		317		1,220		2,223		371,246		373,469
Second liens and lines of credit			191		119		276		586		76,127		76,713
Municipal			—		—		—		—		3,886		3,886
Consumer			7		1		48		56		17,030		17,086
Total		$	1,793	$	1,097	$	10,966	$	13,856	$	2,241,248	$	2,255,104

Summary of Classes of the Loan Portfolio Summarized by the Internal Risk Rating System

The following tables present the classes of the loan portfolio summarized by the internal risk rating system as of June 30, 2025.

	June 30, 2025
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Agriculture and farmland
Pass	$	667	$	10,319	$	760	$	13,318	$	8,251	$	23,187	$	3,961	$	20	$	60,483
Special mention		—		—		245		—		—		177		250		—		672
Substandard or lower		—		—		—		—		—		841		—		—		841
Total Agriculture and farmland	$	667	$	10,319	$	1,005	$	13,318	$	8,251	$	24,205	$	4,211	$	20	$	61,996
Agriculture and farmland
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Construction
Pass		14,826		40,923		35,671		17,304		17,181		6,372		8,194		—		140,471
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		505		—		—		—		—		—		505
Total Construction		14,826		40,923		36,176		17,304		17,181		6,372		8,194		—		140,976
Construction
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Commercial & industrial
Pass		24,177		40,393		20,448		15,291		16,462		12,019		113,558		4,329		246,677
Special mention		—		—		—		4,377		66		—		1,309		—		5,752
Substandard or lower		—		—		15		383		—		247		6,803		—		7,448
Total Commercial & industrial		24,177		40,393		20,463		20,051		16,528		12,266		121,670		4,329		259,877
Commercial & industrial
Current period gross charge-offs		—		74		—		—		—		—		—		—		74
Commercial real estate - Multifamily
Pass		23,034		34,083		17,900		78,381		48,650		28,983		438		—		231,469
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Multifamily		23,034		34,083		17,900		78,381		48,650		28,983		438		—		231,469
Commercial real estate - Multifamily
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

	June 30, 2025
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial real estate - Owner occupied
Pass		50,627		52,919		45,359		95,756		80,810		136,859		16,185		—		478,515
Special mention		—		671		3,049		359		1,934		5,275		280		—		11,568
Substandard or lower		—		—		—		9,220		587		2,582		43		—		12,432
Total Commercial real estate - Owner occupied		50,627		53,590		48,408		105,335		83,331		144,716		16,508		—		502,515
Commercial real estate - Owner occupied
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Commercial real estate - Non-owner occupied
Pass		79,961		78,479		55,176		182,377		108,413		154,634		11,205		—		670,245
Special mention		3,004		—		—		—		1,355		3,311		—		—		7,670
Substandard or lower		—		700		—		—		—		2,906		—		—		3,606
Total Commercial real estate - Non-owner occupied		82,965		79,179		55,176		182,377		109,768		160,851		11,205		—		681,521
Commercial real estate - Non-owner occupied
Current period gross charge-offs		—		—		—		—		2,018		35		—		—		2,053
Municipal
Pass		—		63		306		—		315		2,147		86		—		2,917
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Municipal		—		63		306		—		315		2,147		86		—		2,917
Municipal
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Total
Pass	$	193,292	$	257,179	$	175,620	$	402,427	$	280,082	$	364,201	$	153,627	$	4,349	$	1,830,777
Special mention		3,004		671		3,294		4,736		3,355		8,763		1,839		—		25,662
Substandard or lower		—		700		520		9,603		587		6,576		6,846		—		24,832
Total	$	196,296	$	258,550	$	179,434	$	416,766	$	284,024	$	379,540	$	162,312	$	4,349	$	1,881,271

The following tables present the classes of the loan portfolio summarized by the internal risk rating system as of December 31, 2024.

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Agriculture and farmland
Pass	$	11,357	$	1,040	$	13,682	$	8,761	$	4,780	$	21,105	$	5,320	$	—	$	66,045
Special mention		—		10		—		51		—		1,387		248		—		1,696
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Agriculture and farmland	$	11,357	$	1,050	$	13,682	$	8,812	$	4,780	$	22,492	$	5,568	$	—	$	67,741
Agriculture and farmland
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Construction
Pass		38,681		54,929		17,645		18,952		1,226		8,567		12,422		—		152,422
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		197		—		—		—		—		—		—		197
Total Construction		38,681		55,126		17,645		18,952		1,226		8,567		12,422		—		152,619
Construction
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Commercial & industrial
Pass		36,194		23,645		18,632		18,880		10,145		8,154		115,655		—		231,305
Special mention		301		153		4,606		88		—		363		7,023		—		12,534
Substandard or lower		74		51		384		47		—		299		1,139		—		1,994
Total Commercial & industrial		36,569		23,849		23,622		19,015		10,145		8,816		123,817		—		245,833
Commercial & industrial
Current period gross charge-offs		—		—		—		—		20		7		125		—		152
Commercial real estate - Multifamily
Pass		34,006		11,064		84,497		49,859		19,451		11,232		685		—		210,794
Special mention		—		—		984		—		—		—		—		—		984
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Multifamily		34,006		11,064		85,481		49,859		19,451		11,232		685		—		211,778
Commercial real estate - Multifamily
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial real estate - Owner occupied
Pass		52,566		56,674		101,351		83,703		48,003		99,600		15,120		—		457,017
Special mention		—		—		365		1,984		416		5,608		262		—		8,635
Substandard or lower		—		—		9,327		—		—		2,632		131		—		12,090
Total Commercial real estate - Owner occupied		52,566		56,674		111,043		85,687		48,419		107,840		15,513		—		477,742
Commercial real estate - Owner occupied
Current period gross charge-offs		—		—		—		—		23		6		—		—		29
Commercial real estate - Non-owner occupied
Pass		78,928		60,584		187,113		111,191		48,512		120,340		8,535		—		615,203
Special mention		744		—		—		1,536		3,352		3,073		—		—		8,705
Substandard or lower		—		—		—		3,931		—		324		74		—		4,329
Total Commercial real estate - Non-owner occupied		79,672		60,584		187,113		116,658		51,864		123,737		8,609		—		628,237
Commercial real estate - Non-owner occupied
Current period gross charge-offs		—		—		—		—		—		54		—		—		54
Municipal
Pass		71		356		—		350		939		2,088		82		—		3,886
Special mention		—		—		—		—		—		—		—		—		—
Substandard or lower		—		—		—		—		—		—		—		—		—
Total Commercial real estate - Municipal		71		356		—		350		939		2,088		82		—		3,886
Municipal
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Total
Pass	$	251,803	$	208,292	$	422,920	$	291,696	$	133,056	$	271,086	$	157,819	$	—	$	1,736,672
Special mention		1,045		163		5,955		3,659		3,768		10,431		7,533		—		32,554
Substandard or lower		74		248		9,711		3,978		—		3,255		1,344		—		18,610
Total	$	252,922	$	208,703	$	438,586	$	299,333	$	136,824	$	284,772	$	166,696	$	—	$	1,787,836

The following tables present the amortized cost of these loans based on payment activity, by origination year, as of June 30, 2025 and December 31, 2024.

	June 30, 2025
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Residential real estate - First liens
Performing	$	18,970	$	28,833	$	46,650	$	81,917	$	76,831	$	105,936	$	14,535	$	—	$	373,672
Nonperforming		—		—		—		—		315		1,892		—		—		2,207
Total Residential real estate - First liens	$	18,970	$	28,833	$	46,650	$	81,917	$	77,146	$	107,828	$	14,535	$	—	$	375,879
Residential real estate - First liens
Current period gross charge-offs		—		—		—		—		—		3		—		—		3
Residential real estate - Second liens and lines of credit
Performing		236		2,699		1,500		588		316		1,739		73,581		75		80,734
Nonperforming		—		—		—		—		—		210		250		—		460
Total Residential real estate - Second liens and lines of credit		236		2,699		1,500		588		316		1,949		73,831		75		81,194
Residential real estate - Second liens and lines of credit
Current period gross charge-offs		—		—		—		—		—		—		—		—		—
Consumer and other
Performing		4,167		1,791		3,249		2,352		80		97		5,788		1		17,525
Nonperforming		—		—		—		—		—		—		—		—		—
Total Consumer and other		4,167		1,791		3,249		2,352		80		97		5,788		1		17,525
Consumer and other
Current period gross charge-offs		—		10		7		5		—		7		—		—		29
Total
Performing	$	23,373	$	33,323	$	51,399	$	84,857	$	77,227	$	107,772	$	93,904	$	76	$	471,931
Nonperforming		—		—		—		—		315		2,102		250		—		2,667
Total	$	23,373	$	33,323	$	51,399	$	84,857	$	77,542	$	109,874	$	94,154	$	76	$	474,598

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(In Thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Residential real estate - First liens
Performing	$	28,532	$	48,601	$	86,197	$	82,086	$	35,962	$	78,244	$	11,583	$	—	$	371,205
Nonperforming		—		—		—		219		29		2,016		—		—		2,264
Total Residential real estate - First liens	$	28,532	$	48,601	$	86,197	$	82,305	$	35,991	$	80,260	$	11,583	$	—	$	373,469
Residential real estate - First liens
Current period gross charge-offs		—		—		—		—		—		4		—		—		4
Residential real estate - Second liens and lines of credit
Performing		2,643		940		985		349		61		1,666		68,937		650		76,231
Nonperforming		—		—		—		—		—		294		188		—		482
Total Residential real estate - Second liens and lines of credit		2,643		940		985		349		61		1,960		69,125		650		76,713
Residential real estate - Second liens and lines of credit
Current period gross charge-offs		—		—		—		—		—		9		—		—		9
Consumer and other
Performing		2,610		4,433		1,863		113		52		67		7,900		—		17,038
Nonperforming		—		—		—		—		—		48		—		—		48
Total Consumer and other		2,610		4,433		1,863		113		52		115		7,900		—		17,086
Consumer and other
Current period gross charge-offs		—		6		4		6		1		18		150		—		185
Total
Performing	$	33,785	$	53,974	$	89,045	$	82,548	$	36,075	$	79,977	$	88,420	$	650	$	464,474
Nonperforming		—		—		—		219		29		2,358		188		—		2,794
Total	$	33,785	$	53,974	$	89,045	$	82,767	$	36,104	$	82,335	$	88,608	$	650	$	467,268