Loans Held for Investment (Tables)

9 Months Ended

Sep. 30, 2025

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Components of Loans

The components of loans were as follows at September 30, 2025 and December 31, 2024:

	September 30, 2025			December 31, 2024
Residential mortgage loans (1-4 family):
Fixed	$	95,600		$	98,694
Variable		142,346			155,948
Construction		40,134			34,139
Total residential mortgage loans		278,080			288,781
Commercial loans:
Real estate		258,175			241,063
Other		89,351			94,981
Total commercial loans		347,526			336,044
Consumer loans:
Home equity		111,447			106,550
Other consumer		24,009			26,690
Total consumer loans		135,456			133,240
Total loans held for investment		761,062			758,065
Less:
Undisbursed portion of mortgage loans		(149	)		(161	)
Net deferred loan costs (fees)		(891	)		(1,007	)
Allowance for credit losses		(6,245	)		(6,244	)
Total loans held for investment, net	$	753,777		$	750,653

Summary of Investment in Loans by Credit Quality Indicators by Year of Origin

Loans with a risk rating of 1 through 6 are classified as “Pass” rated credits in the following tables. Nonrated loans are also classified as “Pass.” The following table presents the Company's recorded investment in loans by credit quality indicators by year of origin as of September 30, 2025 and gross charge-offs for the nine months ended September 30, 2025.

	Term Loans
1-4 Family Residential	2025		2024		2023		2022		2021		Prior		Revolving Lines		Total
Pass	$	5,651	$	16,063	$	58,266	$	58,331	$	26,537	$	60,478	$	—	$	225,326
Special Mention		—		—		—		253		—		67		—		320
Substandard		—		1,254		4,028		3,137		1,263		2,618		—		12,300
Doubtful		—		—		—		—		—		—		—		—
Total	$	5,651	$	17,317	$	62,294	$	61,721	$	27,800	$	63,163	$	—	$	237,946
Residential Construction	2025		2024		2023		2022		2021		Prior		Revolving		Total
Pass	$	16,587	$	21,524	$	1,234	$	—	$	—	$	—	$	—	$	39,345
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		789		—		—		—		—		789
Doubtful		—		—		—		—		—		—		—		—
Total	$	16,587	$	21,524	$	2,023	$	—	$	—	$	—	$	—	$	40,134
Commercial Real Estate	2025		2024		2023		2022		2021		Prior		Revolving		Total
Pass	$	18,958	$	57,703	$	42,936	$	34,615	$	10,819	$	75,015	$	17,620	$	257,666
Special Mention		75		—		—		—		—		—		—		75
Substandard		—		—		—		—		—		434		—		434
Doubtful		—		—		—		—		—		—		—		—
Total	$	19,033	$	57,703	$	42,936	$	34,615	$	10,819	$	75,449	$	17,620	$	258,175
Other Commercial	2025		2024		2023		2022		2021		Prior		Revolving		Total
Pass	$	17,812	$	20,633	$	3,486	$	4,678	$	7,427	$	10,767	$	19,563	$	84,366
Special Mention		—		33		—		61		41		241		392		768
Substandard		—		100		321		1,704		90		1,666		265		4,146
Doubtful		25		—		—		—		—		—		46		71
Total	$	17,837	$	20,766	$	3,807	$	6,443	$	7,558	$	12,674	$	20,266	$	89,351
Home Equity	2025		2024		2023		2022		2021		Prior		Revolving		Total
Pass	$	1,383	$	4,153	$	6,884	$	1,374	$	51	$	780	$	94,038	$	108,663
Special Mention		157		—		—		—		—		—		—		157
Substandard		86		—		—		22		—		—		2,519		2,627
Doubtful		—		—		—		—		—		—		—		—
Total	$	1,626	$	4,153	$	6,884	$	1,396	$	51	$	780	$	96,557	$	111,447
Other Consumer	2025		2024		2023		2022		2021		Prior		Revolving		Total
Pass	$	8,132	$	5,369	$	6,485	$	1,743	$	733	$	356	$	1,012	$	23,830
Special Mention		32		5		—		—		—		—		1		38
Substandard		—		35		—		—		46		—		—		81
Doubtful		10		—		—		—		—		—		50		60
Total	$	8,174	$	5,409	$	6,485	$	1,743	$	779	$	356	$	1,063	$	24,009
All Loans	2025		2024		2023		2022		2021		Prior		Revolving		Total
Pass	$	68,523	$	125,445	$	119,291	$	100,741	$	45,567	$	147,396	$	132,233	$	739,196
Special Mention		264		38		-		314		41		308		393		1,358
Substandard		86		1,389		5,138		4,863		1,399		4,718		2,784		20,377
Doubtful		35		—		—		—		—		—		96		131
Total Loans	$	68,908	$	126,872	$	124,429	$	105,918	$	47,007	$	152,422	$	135,506	$	761,062
Gross charge-offs	$	—	$	182	$	240	$	98	$	35	$	-	$	791	$	1,346

Loans with a risk rating of 1 through 6 are classified as “Pass” rated credits in the following tables. Nonrated loans are also classified as “Pass.” The following table presents the Company's recorded investment in loans by credit quality indicators by year of origin as of December 31, 2024 and gross charge-offs for the year ended December 31, 2024.

	Term Loans
1-4 Family Residential	2024		2023		2022		2021		2020		Prior		Revolving Lines		Total
Pass	$	15,139	$	61,966	$	66,541	$	30,758	$	22,112	$	47,915	$	—	$	244,431
Special Mention		—		—		257		—		—		32		—		289
Substandard		—		3,179		3,254		1,128		140		2,221		—		9,922
Doubtful		—		—		—		—		—		—		—		—
Total	$	15,139	$	65,145	$	70,052	$	31,886	$	22,252	$	50,168	$	—	$	254,642
Residential Construction	2024		2023		2022		2020		2019		Prior		Revolving		Total
Pass	$	23,044	$	11,095	$	—	$	—	$	—	$	—	$	—	$	34,139
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	23,044	$	11,095	$	—	$	—	$	—	$	—	$	—	$	34,139
Commercial Real Estate	2024		2023		2022		2020		2019		Prior		Revolving		Total
Pass	$	50,394	$	47,231	$	40,122	$	11,240	$	17,629	$	73,990	$	—	$	240,606
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		457		—		—		457
Doubtful		—		—		—		—		—		—		—		—
Total	$	50,394	$	47,231	$	40,122	$	11,240	$	18,086	$	73,990	$	—	$	241,063
Other Commercial	2024		2023		2022		2020		2019		Prior		Revolving		Total
Pass	$	39,529	$	4,011	$	6,107	$	8,062	$	5,041	$	4,138	$	23,556	$	90,444
Special Mention		—		—		1,424		—		—		188		—		1,612
Substandard		42		250		226		—		459		1,239		566		2,782
Doubtful		—		45		—		—		—		—		98		143
Total	$	39,571	$	4,306	$	7,757	$	8,062	$	5,500	$	5,565	$	24,220	$	94,981
Home Equity	2024		2023		2022		2020		2019		Prior		Revolving		Total
Pass	$	4,592	$	7,597	$	1,643	$	73	$	62	$	1,020	$	89,267	$	104,254
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		46		—		—		2		2,225		2,273
Doubtful		—		—		—		—		—		—		23		23
Total	$	4,592	$	7,597	$	1,689	$	73	$	62	$	1,022	$	91,515	$	106,550
Other Consumer	2024		2023		2022		2020		2019		Prior		Revolving		Total
Pass	$	10,209	$	9,673	$	3,628	$	1,045	$	507	$	7	$	1,235	$	26,304
Special Mention		189		—		—		—		—		—		—		189
Substandard		—		15		—		1		—		—		47		63
Doubtful		74		36		10		14		—		—		—		134
Total	$	10,472	$	9,724	$	3,638	$	1,060	$	507	$	7	$	1,282	$	26,690
All Loans	2024		2023		2022		2020		2019		Prior		Revolving		Total
Pass	$	142,907	$	141,573	$	118,041	$	51,178	$	45,351	$	127,070	$	114,058	$	740,178
Special Mention		189		-		1,681		-		-		220		-		2,090
Substandard		42		3,444		3,526		1,129		1,056		3,462		2,838		15,497
Doubtful		74		81		10		14		—		—		121		300
Total Loans	$	143,212	$	145,098	$	123,258	$	52,321	$	46,407	$	130,752	$	117,017	$	758,065
Gross charge-offs	$	-	$	123	$	374	$	45	$	178	$	21	$	920	$	1,661

Summary of Changes in the Allowance for Credit Losses

The following table outlines the changes in the allowance for credit losses by category, the allowance for loans individually and collectively evaluated, and the balances of loans individually and collectively evaluated, for the nine months ended September 30, 2025:

	1-4 Family						Commercial		Other			Home			Other
	Residential			Construction			Real Estate		Commercial			Equity			Consumer			Total
							(dollars in thousands)
Allowance
Beginning balance, January 1, 2025	$	2,246		$	539		$	257	$	1,209		$	1,224		$	769		$	6,244
Charge-offs		(272	)		(3	)		—		(643	)		(178	)		(250	)		(1,346	)
Recoveries		—			9			—		63			—			35			107
Provision for Credit Loss		513			29			139		255			166			138			1,240
Reallocations		94			(428	)		305		403			(376	)		2			—
Balance at end of period	$	2,581		$	146		$	701	$	1,287		$	836		$	694		$	6,245
Ending allowance balance for loans individually evaluated	$	662		$	—		$	—	$	200		$	77		$	147		$	1,086
Ending allowance balance for loans collectively evaluated	$	1,919		$	146		$	701	$	1,087		$	759		$	547		$	5,159
Loans Receivable
Total period-end balance	$	237,946		$	40,134		$	258,175	$	89,351		$	111,447		$	24,009		$	761,062
Balance of loans individually evaluated	$	12,313		$	884		$	1,663	$	3,083		$	2,631		$	149		$	20,723
Balance of loans collectively evaluated	$	225,633		$	39,250		$	256,512	$	86,268		$	108,816		$	23,860		$	740,339

The following table outlines the changes in the allowance for credit losses by category, the allowance for loans individually and collectively evaluated, and the balances of loans individually and collectively evaluated, for the year ended December 31, 2024:

	1-4 Family					Commercial			Other			Home		Other
	Residential			Construction		Real Estate			Commercial			Equity		Consumer			Total
						(dollars in thousands)
Allowance
Beginning balance, January 1, 2024	$	1,210		$	1	$	2,218		$	1,586		$	536	$	652		$	6,203
Charge-offs		(306	)		—		—			(1,114	)		—		(241	)		(1,661	)
Recoveries		6			2		—			118			—		46			172
Provision for Credit Loss		550			132		63			296			300		189			1,530
Reallocations		786			404		(2,024	)		323			388		123			—
Balance at end of year	$	2,246		$	539	$	257		$	1,209		$	1,224	$	769		$	6,244
Ending allowance balance for loans individually evaluated	$	477		$	—	$	—		$	283		$	146	$	122		$	1,028
Ending allowance balance for loans collectively evaluated	$	1,769		$	539	$	257		$	926		$	1,078	$	647		$	5,216
Loans Receivable
Total period-end balance	$	254,642		$	34,139	$	241,063		$	94,981		$	106,550	$	26,690		$	758,065
Balance of loans individually evaluated	$	10,350		$	—	$	1,709		$	1,928		$	2,529	$	143		$	16,659
Balance of loans collectively evaluated	$	244,292		$	34,139	$	239,354		$	93,053		$	104,021	$	26,547		$	741,406

Summary of Loan Class of Past Due and Non-accrual Loans

The following tables present a summary by loan class of past due and non-accrual loans as of September 30, 2025 and December 31, 2024:

					Greater Than								Past Due>
	30-59 Days		60-89 Days		90 Days		Total				Total		90 Days and
	Past Due		Past Due		Past Due		Past Due		Current		Loans		Accruing
September 30, 2025
1-4 family residential	$	—	$	4,931	$	7,377	$	12,308	$	225,638	$	237,946	$	—
Construction		—		—		789		789		39,345		40,134		—
Commercial real estate		—		—		—		—		258,175		258,175		—
Other commercial		353		120		1,312		1,785		87,566		89,351		5
Home equity		707		363		1,062		2,132		109,315		111,447		—
Other consumer		163		32		107		302		23,707		24,009		34
Total	$	1,223	$	5,446	$	10,647	$	17,316	$	743,746	$	761,062	$	39

	September 30, 2025
	Nonaccrual Loans with		Nonaccrual Loans		Total Nonaccrual
	No Allowance		with an Allowance		Loans
1-4 family residential	$	5,738	$	4,857	$	10,595
Construction		789		—		789
Commercial real estate		—		—		—
Other commercial		972		316		1,288
Home equity		1,397		305		1,702
Other consumer		92		50		142
Total	$	8,988	$	5,528	$	14,516

					Greater Than								Past Due>
	30-59 Days		60-89 Days		90 Days		Total				Total		90 Days and
	Past Due		Past Due		Past Due		Past Due		Current		Loans		Accruing
December 31, 2024
1-4 family residential	$	16,549	$	6,043	$	6,026	$	28,618	$	226,024	$	254,642	$	—
Construction		—		—		—		—		34,139		34,139		—
Commercial real estate		101		—		—		101		240,962		241,063		—
Other commercial		401		194		622		1,217		93,764		94,981		—
Home equity		2,073		787		1,217		4,077		102,473		106,550		—
Other consumer		409		80		118		607		26,083		26,690		—
Total	$	19,533	$	7,104	$	7,983	$	34,620	$	723,445	$	758,065	$	—

	December 31, 2024
	Nonaccrual Loans with		Nonaccrual Loans		Total Nonaccrual
	No Allowance		with an Allowance		Loans
1-4 family residential	$	6,128	$	4,102	$	10,230
Construction		—		—		—
Commercial real estate		—		—		—
Other commercial		484		281		765
Home equity		1,670		164		1,834
Other consumer		35		125		160
Total	$	8,317	$	4,672	$	12,989