XML 61 R43.htm IDEA: XBRL DOCUMENT v3.26.1
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.