ALLOWANCE FOR CREDIT LOSSES - LOANS (Tables)

12 Months Ended

Dec. 31, 2025

ALLOWANCE FOR CREDIT LOSSES - LOANS

Schedule of loan losses by portfolio segment

The following tables summarize the roll forward of the allowance for credit losses by loan portfolio segment for the years ended December 31, 2025 and 2024 (in thousands).

	BALANCE AT		CHARGE-				PROVISION		BALANCE AT
	DECEMBER 31, 2024		OFFS		RECOVERIES		(RECOVERY)		DECEMBER 31, 2025
Commercial real estate (owner occupied)	$	398	$	—	$	24	$	(103)	$	319
Commercial and industrial		2,860		(1,774)		65		1,836		2,987
Commercial real estate (non-owner occupied) - retail		3,695		—		—		(447)		3,248
Commercial real estate (non-owner occupied) - multi-family		1,478		—		—		(75)		1,403
Other commercial real estate (non-owner occupied)		3,451		(3,145)		12		3,407		3,725
Residential mortgages		839		—		5		(548)		296
Consumer		1,191		(154)		75		38		1,150
Total	$	13,912	$	(5,073)	$	181	$	4,108	$	13,128

	BALANCE AT		CHARGE-				PROVISION		BALANCE AT
	DECEMBER 31, 2023		OFFS		RECOVERIES		(RECOVERY)		DECEMBER 31, 2024
Commercial real estate (owner occupied)	$	1,529	$	—	$	24	$	(1,155)	$	398
Commercial and industrial		3,030		(427)		45		212		2,860
Commercial real estate (non-owner occupied) - retail		3,488		—		—		207		3,695
Commercial real estate (non-owner occupied) - multi-family		1,430		—		3		45		1,478
Other commercial real estate (non-owner occupied)		3,428		(1,571)		11		1,583		3,451
Residential mortgages		1,021		—		18		(200)		839
Consumer		1,127		(207)		81		190		1,191
Total	$	15,053	$	(2,205)	$	182	$	882	$	13,912

Schedule of loan portfolio and allowance for credit losses

	AT DECEMBER 31, 2025
					COMMERCIAL		COMMERCIAL
	COMMERCIAL				REAL ESTATE		REAL ESTATE		OTHER COMMERCIAL
	REAL ESTATE		COMMERCIAL		(NON-OWNER OCCUPIED) -		(NON-OWNER OCCUPIED) -		REAL ESTATE		RESIDENTIAL
Loans:	(OWNER OCCUPIED)		AND INDUSTRIAL		RETAIL		MULTI-FAMILY		(NON-OWNER OCCUPIED)		MORTGAGES		CONSUMER		TOTAL
	(IN THOUSANDS)
Individually evaluated	$	2,875	$	2,148	$	415	$	—	$	2,034	$	155	$	—	$	7,627
Collectively evaluated		82,358		142,177		171,115		131,085		215,901		169,659		112,805		1,025,100
Total loans	$	85,233	$	144,325	$	171,530	$	131,085	$	217,935	$	169,814	$	112,805	$	1,032,727

	AT DECEMBER 31, 2025
					COMMERCIAL		COMMERCIAL
	COMMERCIAL				REAL ESTATE		REAL ESTATE		OTHER COMMERCIAL
Allowance for	REAL ESTATE		COMMERCIAL		(NON-OWNER OCCUPIED) -		(NON-OWNER OCCUPIED) -		REAL ESTATE		RESIDENTIAL
credit losses:	(OWNER OCCUPIED)		AND INDUSTRIAL		RETAIL		MULTI-FAMILY		(NON-OWNER OCCUPIED)		MORTGAGES		CONSUMER		TOTAL
	(IN THOUSANDS)
Specific reserve allocation	$	—	$	558	$	—	$	—	$	—	$	—	$	—	$	558
General reserve allocation		319		2,429		3,248		1,403		3,725		296		1,150		12,570
Total allowance for credit losses	$	319	$	2,987	$	3,248	$	1,403	$	3,725	$	296	$	1,150	$	13,128

	AT DECEMBER 31, 2024
					COMMERCIAL		COMMERCIAL
	COMMERCIAL				REAL ESTATE		REAL ESTATE		OTHER COMMERCIAL
	REAL ESTATE		COMMERCIAL		(NON-OWNER OCCUPIED) -		(NON-OWNER OCCUPIED) -		REAL ESTATE		RESIDENTIAL
Loans:	(OWNER OCCUPIED)		AND INDUSTRIAL		RETAIL		MULTI-FAMILY		(NON-OWNER OCCUPIED)		MORTGAGES		CONSUMER		TOTAL
	(IN THOUSANDS)
Individually evaluated	$	3,429	$	1,675	$	—	$	—	$	8,773	$	379	$	10	$	14,266
Collectively evaluated		83,524		145,576		181,778		132,364		225,109		176,731		108,601		1,053,683
Total loans	$	86,953	$	147,251	$	181,778	$	132,364	$	233,882	$	177,110	$	108,611	$	1,067,949

	AT DECEMBER 31, 2024
					COMMERCIAL		COMMERCIAL
	COMMERCIAL				REAL ESTATE		REAL ESTATE		OTHER COMMERCIAL
Allowance for	REAL ESTATE		COMMERCIAL		(NON-OWNER OCCUPIED) -		(NON-OWNER OCCUPIED) -		REAL ESTATE		RESIDENTIAL
credit losses:	(OWNER OCCUPIED)		AND INDUSTRIAL		RETAIL		MULTI-FAMILY		(NON-OWNER OCCUPIED)		MORTGAGES		CONSUMER		TOTAL
	(IN THOUSANDS)
Specific reserve allocation	$	—	$	541	$	—	$	—	$	—	$	—	$	—	$	541
General reserve allocation		398		2,319		3,695		1,478		3,451		839		1,191		13,371
Total allowance for credit losses	$	398	$	2,860	$	3,695	$	1,478	$	3,451	$	839	$	1,191	$	13,912

Schedule of amortized cost basis of collateral-dependent non-accrual loans

The following tables present the amortized cost basis of collateral-dependent loans which were individually evaluated for a specific reserve allocation in the allowance for credit losses by class of loans (in thousands).

	COLLATERAL TYPE
DECEMBER 31, 2025	REAL ESTATE		BUSINESS ASSETS
Commercial:
Commercial real estate (owner occupied)	$	2,774	$	101
Commercial and industrial		1,362		72
Commercial real estate (non-owner occupied):
Retail		415		—
Other		2,034		—
Residential mortgages		155		—
Total	$	6,740	$	173

	COLLATERAL TYPE
DECEMBER 31, 2024	REAL ESTATE
Commercial:
Commercial real estate (owner occupied)	$	3,429
Commercial and industrial		1,000
Commercial real estate (non-owner occupied):
Other		8,773
Residential mortgages		378
Consumer		10
Total	$	13,590

Schedule of non-performing assets from the loan portfolio

The following table presents non-accrual loans, loans past due 90 days or more still accruing interest, and OREO and repossessed assets by portfolio class (in thousands).

	AT DECEMBER 31, 2025
	NON-ACCRUAL WITH NO ACL		NON-ACCRUAL WITH ACL		TOTAL NON-ACCRUAL		LOANS PAST DUE 90 DAYS OR MORE STILL ACCRUING		OREO AND REPOSSESSED ASSETS		TOTAL NON-PERFORMING ASSETS
Commercial real estate (owner occupied)	$	2,875	$	—	$	2,875	$	—	$	—	$	2,875
Commercial and industrial		1,437		714		2,151		—		216		2,367
Commercial real estate (non-owner occupied) - retail		415		—		415		—		—		415
Other commercial real estate (non-owner occupied)		2,034		—		2,034		—		—		2,034
Residential mortgages		155		51		206		10		—		216
Consumer		—		611		611		—		—		611
Total	$	6,916	$	1,376	$	8,292	$	10	$	216	$	8,518

	AT DECEMBER 31, 2024
	NON-ACCRUAL WITH NO ACL		NON-ACCRUAL WITH ACL		TOTAL NON-ACCRUAL		LOANS PAST DUE 90 DAYS OR MORE STILL ACCRUING		OREO AND REPOSSESSED ASSETS		TOTAL NON-PERFORMING ASSETS
Commercial real estate (owner occupied)	$	152	$	—	$	152	$	—	$	—	$	152
Commercial and industrial		—		675		675		97		234		1,006
Other commercial real estate (non-owner occupied)		8,773		—		8,773		—		1,476		10,249
Residential mortgages		379		—		379		26		14		419
Consumer		10		821		831		—		—		831
Total	$	9,314	$	1,496	$	10,810	$	123	$	1,724	$	12,657

Schedule of commercial and commercial real estate loan portfolios

	AT DECEMBER 31, 2025
													REVOLVING		REVOLVING
													LOANS		LOANS
													AMORTIZED		CONVERTED
	TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR												COST		TO
	2025		2024		2023		2022		2021		PRIOR		BASIS		TERM		TOTAL
	(IN THOUSANDS)
Commercial real estate (owner occupied)
Pass	$	8,901	$	10,312	$	16,564	$	6,050	$	9,460	$	29,511	$	433	$	—	$	81,231
Special Mention		—		—		—		—		—		520		223		—		743
Substandard		—		—		—		—		2,738		521		—		—		3,259
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	8,901	$	10,312	$	16,564	$	6,050	$	12,198	$	30,552	$	656	$	—	$	85,233
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial
Pass	$	22,994	$	10,640	$	14,643	$	12,800	$	5,307	$	18,626	$	50,490	$	5,010	$	140,510
Special Mention		—		—		—		—		—		—		1,240		—		1,240
Substandard		—		—		—		307		363		304		1,178		25		2,177
Doubtful		—		—		—		—		—		398		—		—		398
Total	$	22,994	$	10,640	$	14,643	$	13,107	$	5,670	$	19,328	$	52,908	$	5,035	$	144,325
Current period gross charge-offs	$	—	$	—	$	—	$	200	$	1,396	$	178	$	—	$	—	$	1,774
Commercial real estate (non-owner occupied) - retail
Pass	$	17,984	$	26,374	$	35,435	$	14,284	$	30,707	$	46,305	$	26	$	—	$	171,115
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		415		—		—		—		—		—		415
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	17,984	$	26,374	$	35,850	$	14,284	$	30,707	$	46,305	$	26	$	—	$	171,530
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate (non-owner occupied) - multi-family
Pass	$	9,762	$	24,594	$	32,750	$	11,515	$	15,867	$	34,378	$	24	$	—	$	128,890
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		2,195		—		—		2,195
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	9,762	$	24,594	$	32,750	$	11,515	$	15,867	$	36,573	$	24	$	—	$	131,085
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial real estate (non-owner occupied)
Pass	$	23,090	$	22,060	$	27,401	$	32,037	$	40,743	$	58,392	$	6,973	$	—	$	210,696
Special Mention		—		—		—		—		—		5,205		—		—		5,205
Substandard		—		—		—		180		—		1,854		—		—		2,034
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	23,090	$	22,060	$	27,401	$	32,217	$	40,743	$	65,451	$	6,973	$	—	$	217,935
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,145	$	—	$	—	$	3,145
Total by risk rating
Pass	$	82,731	$	93,980	$	126,793	$	76,686	$	102,084	$	187,212	$	57,946	$	5,010	$	732,442
Special Mention		—		—		—		—		—		5,725		1,463		—		7,188
Substandard		—		—		415		487		3,101		4,874		1,178		25		10,080
Doubtful		—		—		—		—		—		398		—		—		398
Total	$	82,731	$	93,980	$	127,208	$	77,173	$	105,185	$	198,209	$	60,587	$	5,035	$	750,108
Current period gross charge-offs	$	—	$	—	$	—	$	200	$	1,396	$	3,323	$	—	$	—	$	4,919

	AT DECEMBER 31, 2024
													REVOLVING		REVOLVING
													LOANS		LOANS
													AMORTIZED		CONVERTED
	TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR												COST		TO
	2024		2023		2022		2021		2020		PRIOR		BASIS		TERM		TOTAL
	(IN THOUSANDS)
Commercial real estate (owner occupied)
Pass	$	10,294	$	17,016	$	6,648	$	10,675	$	10,476	$	26,393	$	324	$	856	$	82,682
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		3,680		—		591		—		—		4,271
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	10,294	$	17,016	$	6,648	$	14,355	$	10,476	$	26,984	$	324	$	856	$	86,953
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial
Pass	$	16,714	$	19,357	$	20,977	$	7,397	$	4,568	$	19,280	$	54,455	$	—	$	142,748
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		480		409		1,753		—		689		1,172		—		4,503
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	16,714	$	19,837	$	21,386	$	9,150	$	4,568	$	19,969	$	55,627	$	—	$	147,251
Current period gross charge-offs	$	—	$	—	$	427	$	—	$	—	$	—	$	—	$	—	$	427
Commercial real estate (non-owner occupied) - retail
Pass	$	29,349	$	38,912	$	20,935	$	31,934	$	21,322	$	38,047	$	32	$	942	$	181,473
Special Mention		—		—		305		—		—		—		—		—		305
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	29,349	$	38,912	$	21,240	$	31,934	$	21,322	$	38,047	$	32	$	942	$	181,778
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate (non-owner occupied) - multi-family
Pass	$	25,984	$	28,807	$	16,423	$	16,816	$	11,513	$	30,066	$	475	$	—	$	130,084
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		915		1,365		—		—		2,280
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	25,984	$	28,807	$	16,423	$	16,816	$	12,428	$	31,431	$	475	$	—	$	132,364
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial real estate (non-owner occupied)
Pass	$	27,801	$	32,514	$	35,365	$	40,876	$	16,226	$	61,619	$	4,537	$	194	$	219,132
Special Mention		—		—		—		—		—		3,488		—		—		3,488
Substandard		—		—		569		199		—		10,494		—		—		11,262
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	27,801	$	32,514	$	35,934	$	41,075	$	16,226	$	75,601	$	4,537	$	194	$	233,882
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	1,571	$	—	$	—	$	1,571
Total by risk rating
Pass	$	110,142	$	136,606	$	100,348	$	107,698	$	64,105	$	175,405	$	59,823	$	1,992	$	756,119
Special Mention		—		—		305		—		—		3,488		—		—		3,793
Substandard		—		480		978		5,632		915		13,139		1,172		—		22,316
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	110,142	$	137,086	$	101,631	$	113,330	$	65,020	$	192,032	$	60,995	$	1,992	$	782,228
Current period gross charge-offs	$	—	$	—	$	427	$	—	$	—	$	1,571	$	—	$	—	$	1,998

Schedule of residential mortgage and consumer loan portfolio

	AT DECEMBER 31, 2025
													REVOLVING		REVOLVING
													LOANS		LOANS
													AMORTIZED		CONVERTED
	TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR												COST		TO
	2025		2024		2023		2022		2021		PRIOR		BASIS		TERM		TOTAL
	(IN THOUSANDS)
Residential mortgages
Performing	$	4,377	$	13,914	$	15,006	$	10,054	$	53,478	$	72,769	$	—	$	—	$	169,598
Non-performing		—		—		—		—		155		61		—		—		216
Total	$	4,377	$	13,914	$	15,006	$	10,054	$	53,633	$	72,830	$	—	$	—	$	169,814
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	11,546	$	8,581	$	7,999	$	12,952	$	5,820	$	5,363	$	59,823	$	110	$	112,194
Non-performing		—		5		75		17		—		322		192		—		611
Total	$	11,546	$	8,586	$	8,074	$	12,969	$	5,820	$	5,685	$	60,015	$	110	$	112,805
Current period gross charge-offs	$	1	$	28	$	41	$	8	$	1	$	75	$	—	$	—	$	154
Total by payment performance
Performing	$	15,923	$	22,495	$	23,005	$	23,006	$	59,298	$	78,132	$	59,823	$	110	$	281,792
Non-performing		—		5		75		17		155		383		192		—		827
Total	$	15,923	$	22,500	$	23,080	$	23,023	$	59,453	$	78,515	$	60,015	$	110	$	282,619
Current period gross charge-offs	$	1	$	28	$	41	$	8	$	1	$	75	$	—	$	—	$	154

	AT DECEMBER 31, 2024
													REVOLVING		REVOLVING
													LOANS		LOANS
													AMORTIZED		CONVERTED
	TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR												COST		TO
	2024		2023		2022		2021		2020		PRIOR		BASIS		TERM		TOTAL
	(IN THOUSANDS)
Residential mortgages
Performing	$	12,877	$	15,602	$	10,400	$	57,540	$	41,868	$	38,418	$	—	$	—	$	176,705
Non-performing		—		—		—		—		—		405		—		—		405
Total	$	12,877	$	15,602	$	10,400	$	57,540	$	41,868	$	38,823	$	—	$	—	$	177,110
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	11,476	$	10,988	$	16,397	$	7,605	$	2,475	$	4,299	$	53,876	$	664	$	107,780
Non-performing		—		110		46		—		59		344		272		—		831
Total	$	11,476	$	11,098	$	16,443	$	7,605	$	2,534	$	4,643	$	54,148	$	664	$	108,611
Current period gross charge-offs	$	5	$	6	$	21	$	19	$	13	$	143	$	—	$	—	$	207
Total by payment performance
Performing	$	24,353	$	26,590	$	26,797	$	65,145	$	44,343	$	42,717	$	53,876	$	664	$	284,485
Non-performing		—		110		46		—		59		749		272		—		1,236
Total	$	24,353	$	26,700	$	26,843	$	65,145	$	44,402	$	43,466	$	54,148	$	664	$	285,721
Current period gross charge-offs	$	5	$	6	$	21	$	19	$	13	$	143	$	—	$	—	$	207

Schedule of credit quality of the loan portfolio

	AT DECEMBER 31, 2025
			30 – 59		60 – 89		90 OR MORE
			DAYS		DAYS		DAYS		TOTAL		NON-		TOTAL
	CURRENT		PAST DUE		PAST DUE		PAST DUE		PAST DUE		ACCRUAL		LOANS
	(IN THOUSANDS)
Commercial real estate (owner occupied)	$	82,358	$	—	$	—	$	—	$	—	$	2,875	$	85,233
Commercial and industrial		141,691		455		28		—		483		2,151		144,325
Commercial real estate (non-owner occupied) - retail		171,115		—		—		—		—		415		171,530
Commercial real estate (non-owner occupied) - multi-family		131,085		—		—		—		—		—		131,085
Other commercial real estate (non-owner occupied)		215,901		—		—		—		—		2,034		217,935
Residential mortgages		168,602		926		70		10		1,006		206		169,814
Consumer		111,354		728		112		—		840		611		112,805
Total	$	1,022,106	$	2,109	$	210	$	10	$	2,329	$	8,292	$	1,032,727

	AT DECEMBER 31, 2024
			30 – 59		60 – 89		90 OR MORE
			DAYS		DAYS		DAYS		TOTAL		NON-		TOTAL
	CURRENT		PAST DUE		PAST DUE		PAST DUE		PAST DUE		ACCRUAL		LOANS
	(IN THOUSANDS)
Commercial real estate (owner occupied)	$	86,368	$	433	$	—	$	—	$	433	$	152	$	86,953
Commercial and industrial		144,627		1,852		—		97		1,949		675		147,251
Commercial real estate (non-owner occupied) - retail		181,778		—		—		—		—		—		181,778
Commercial real estate (non-owner occupied) - multi-family		132,364		—		—		—		—		—		132,364
Other commercial real estate (non-owner occupied)		224,914		195		—		—		195		8,773		233,882
Residential mortgages		175,817		852		36		26		914		379		177,110
Consumer		106,796		948		36		—		984		831		108,611
Total	$	1,052,664	$	4,280	$	72	$	123	$	4,475	$	10,810	$	1,067,949

Schedule of modifications made to borrowers experiencing financial difficulty

The following tables summarize the amortized cost basis of loans modified to borrowers experiencing financial difficulty during the years ended December 31, 2025 and 2024 (in thousands).

	YEAR ENDED DECEMBER 31, 2025
	TERM EXTENSION
	AMORTIZED COST BASIS		% OF TOTAL CLASS OF LOANS
Other commercial real estate (non-owner occupied)	$	2,349		1.08	%
Residential mortgages		191		0.11	%
Total	$	2,540

As of December 31, 2025, the modified loans described in the table above were current as to payments.

	YEAR ENDED DECEMBER 31, 2024
	PAYMENT DELAY
	AMORTIZED COST BASIS		% OF TOTAL CLASS OF LOANS
Commercial real estate (owner occupied)	$	152		0.17	%
Total	$	152
	TERM EXTENSION
	AMORTIZED COST BASIS		% OF TOTAL CLASS OF LOANS
Commercial and industrial	$	154		0.10	%
Total	$	154
	COMBINATION - PRINCIPAL FORGIVENESS AND TERM EXTENSION
	AMORTIZED COST BASIS		% OF TOTAL CLASS OF LOANS
Commercial and industrial	$	480		0.33	%
Total	$	480

YEAR ENDED DECEMBER 31, 2025
TERM EXTENSION
LOAN TYPE	FINANCIAL EFFECT
Other commercial real estate (non-owner occupied)	Provided a maturity date extension of 15 months. In connection with the modification, the borrower pledged a $1.0 million Bank deposit as additional collateral.
Residential mortgages	Provided a maturity date extension of 230 months (approximately 19 years).

YEAR ENDED DECEMBER 31, 2024
PAYMENT DELAY
LOAN TYPE	FINANCIAL EFFECT
Commercial real estate (owner occupied)	Provided 60 months of additional amortization period to lower borrower's monthly payment.
TERM EXTENSION
LOAN TYPE	FINANCIAL EFFECT
Commercial and industrial	During the first, second, and third quarters of 2024, provided a maturity date extension of 90 days and modified seasonal principal and interest payments to interest only until maturity. During the fourth quarter of 2024, provided the same borrower an additional maturity date extension of one year and required monthly principal and interest payments.
COMBINATION - PRINCIPAL FORGIVENESS AND TERM EXTENSION
LOAN TYPE	FINANCIAL EFFECT
Commercial and industrial	As a result of the borrower's bankruptcy, the maturity date of the loan was extended four years and a portion of the principal balance was converted to an equity investment in the borrower.