XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.3
Loans and Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2025
Loans and Allowance for Credit Losses  
Schedule of categories by purpose of loans

September 30, 

December 31, 

    

2025

    

2024

(In thousands)

Commercial and industrial

$

95,386

$

98,795

Commercial real estate

303,077

291,673

Residential real estate

90,660

91,737

Consumer loans

7,414

8,766

Total gross loans

496,537

490,971

Less allowance for credit losses

(4,303)

(4,026)

Total loans

$

492,234

$

486,945

Schedule of allowance for credit losses by collateral type and recorded investment in loans by purpose

September 30, 2025

Commercial and

Commercial

    

Industrial

    

Real Estate

    

Residential

    

Installment

    

Total

(In thousands)

Allowance for credit losses:

Balance, July 1, 2025

$

633

$

1,473

$

1,938

$

112

$

4,156

Provision for credit loss exposure

121

65

(46)

46

186

Losses charged off

(55)

(55)

Recoveries

3

13

16

Balance, September 30, 2025

$

757

$

1,538

$

1,892

$

116

$

4,303

Balance, January 1, 2025

$

699

$

1,488

$

1,708

$

131

$

4,026

Provision for credit loss exposure

162

50

188

88

488

Losses charged off

(110)

(4)

(133)

(247)

Recoveries

6

30

36

Balance, September 30, 2025

$

757

$

1,538

$

1,892

$

116

$

4,303

Allocation:

Ending balance: individually evaluated for credit losses

$

119

$

$

$

$

119

Ending balance: collectively evaluated for credit losses

$

638

$

1,538

$

1,892

$

116

$

4,184

Loans:

Ending balance: individually evaluated for credit losses

$

477

$

1,359

$

589

$

12

$

2,437

Ending balance: collectively evaluated for credit losses

$

94,909

$

301,718

$

90,071

$

7,402

$

494,100

September 30, 2024

Commercial and

Commercial

    

Industrial

    

Real Estate

    

Residential

    

Installment

    

Total

(In thousands)

Allowance for credit losses:

Balance, July 1, 2024

$

628

$

1,413

$

1,813

$

135

$

3,989

Provision (credit) for credit loss exposure

50

(23)

(12)

54

69

Losses charged off

(10)

(49)

(59)

Recoveries

3

3

Balance, September 30, 2024

$

678

$

1,390

$

1,791

$

143

$

4,002

Balance, January 1, 2024

$

573

$

1,408

$

1,843

$

94

$

3,918

Provision (credit) for credit loss exposure

179

(18)

(35)

178

304

Losses charged off

(75)

(17)

(151)

(243)

Recoveries

1

22

23

Balance, September 30, 2024

$

678

$

1,390

$

1,791

$

143

$

4,002

Allocation:

Ending balance: individually evaluated for credit losses

$

50

$

$

$

$

50

Ending balance: collectively evaluated for credit losses

$

628

$

1,390

$

1,791

$

143

$

3,952

Loans:

Ending balance: individually evaluated for credit losses

$

57

$

16

$

212

$

$

285

Ending balance: collectively evaluated for credit losses

$

96,451

$

277,648

$

91,065

$

9,555

$

474,719

December 31, 2024

Commercial and

Commercial

    

Industrial

    

Real Estate

    

Residential

    

Installment

    

Total

(In thousands)

Allowance for credit losses:

Ending balance: individually evaluated for impairment

$

$

$

$

$

Ending balance: collectively evaluated for impairment

$

699

$

1,488

$

1,708

$

131

$

4,026

Loans:

 

  

 

 

  

 

  

 

  

Ending balance: individually evaluated for impairment

$

$

$

220

$

$

220

Ending balance: collectively evaluated for impairment

$

98,795

$

291,673

$

91,517

$

8,766

$

490,751

Schedule of portfolio quality indicators

Based on the most recent analysis performed, the following table presents the recorded investment in non-homogeneous loans by internal risk rating system as of September 30, 2025 (in thousands):

    

    

    

    

    

    

    

Revolving

    

Revolving

    

Loans

Loans

 

 

Amortized

Converted

September 30, 2025

2025

2024

2023

2022

2021

Prior

Cost Basis

to Term

Total

Commercial and Industrial

Risk Rating

Pass

$

12,682

$

18,153

$

13,881

$

9,276

$

5,024

$

15,216

$

19,630

$

$

93,862

Special Mention

1,047

1,047

Substandard

26

198

253

477

Doubtful

Total

$

12,682

$

18,153

$

13,881

$

9,302

$

5,024

$

15,414

$

20,930

$

$

95,386

Commercial and Industrial

Current period gross charge-offs

$

$

$

39

$

$

$

$

71

$

$

110

Commercial real estate

Risk Rating

Pass

$

17,492

$

19,463

$

29,239

$

29,920

$

35,210

$

92,212

$

65,028

$

$

288,564

Special Mention

309

6,287

6,425

13,021

Substandard

374

1,118

1,492

Doubtful

Total

$

17,492

$

19,463

$

29,239

$

30,229

$

35,584

$

99,617

$

71,453

$

$

303,077

Commercial real estate

Current period gross charge-offs

$

$

$

$

$

$

$

$

$

Total

Pass

$

30,174

$

37,616

$

43,120

$

39,196

$

40,234

$

107,428

$

84,658

$

$

382,426

Special Mention

309

6,287

7,472

14,068

Substandard

26

374

1,316

253

1,969

Doubtful

Total

$

30,174

$

37,616

$

43,120

$

39,531

$

40,608

$

115,031

$

92,383

$

$

398,463

Current period gross charge-offs

$

$

$

39

$

$

$

$

71

$

$

110

    

    

    

    

    

    

    

Revolving

    

Revolving

    

Loans

Loans

 

 

Amortized

Converted

September 30, 2025

2025

2024

2023

2022

2021

Prior

Cost Basis

to Term

Total

Residential Real Estate

Payment Performance

Performing

$

7,521

$

8,550

$

8,763

$

15,160

$

14,039

$

36,038

$

$

$

90,071

Nonperforming

265

22

18

284

589

Total

$

7,786

$

8,572

$

8,763

$

15,160

$

14,057

$

36,322

$

$

$

90,660

Residential real estate

Current period gross charge-offs

$

$

$

$

$

$

4

$

$

$

4

Consumer

Payment Performance

Performing

$

1,264

$

3,376

$

920

$

495

$

240

$

745

$

362

$

$

7,402

Nonperforming

12

12

Total

$

1,264

$

3,376

$

920

$

495

$

240

$

757

$

362

$

$

7,414

Consumer

Current period gross charge-offs

$

98

$

7

$

27

$

1

$

$

$

$

$

133

Total

Payment Performance

Performing

$

8,785

$

11,926

$

9,683

$

15,655

$

14,279

$

36,783

$

362

$

$

97,473

Nonperforming

265

22

18

296

601

Total

$

9,050

$

11,948

$

9,683

$

15,655

$

14,297

$

37,079

$

362

$

$

98,074

Current period gross charge-offs

$

98

$

7

$

27

$

1

$

$

4

$

$

$

137

Based on the most recent analysis performed, the following table presents the recorded investment in non-homogeneous loans by internal risk rating system as of December 31, 2024 (in thousands):

    

    

    

    

    

    

    

Revolving

    

Revolving

    

Loans

Loans

Amortized

Converted

December 31, 2024

2024

2023

2022

2021

2020

Prior

Cost Basis

to Term

Total

Commercial and industrial

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Risk Rating

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Pass

$

22,474

$

17,993

$

11,487

$

8,082

$

10,099

$

8,295

$

19,068

$

$

97,498

Special Mention

 

 

 

26

 

 

 

185

 

1,086

 

 

1,297

Substandard

 

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

 

Total

$

22,474

$

17,993

$

11,513

$

8,082

$

10,099

$

8,480

$

20,154

$

$

98,795

Commercial and industrial

 

 

 

 

 

 

 

 

  

 

Current period gross charge-offs

$

$

127

$

$

$

$

$

$

$

127

Commercial real estate

 

 

 

 

 

 

 

 

  

 

Risk Rating

 

 

 

 

 

 

 

 

  

 

Pass

$

19,554

$

30,858

$

32,972

$

36,870

$

31,461

$

68,279

$

57,096

$

$

277,090

Special Mention

 

 

 

315

 

242

 

 

7,781

 

6,229

 

 

14,567

Substandard

 

 

 

 

 

 

16

 

 

 

16

Doubtful

 

 

 

 

 

 

 

 

 

Total

$

19,554

$

30,858

$

33,287

$

37,112

$

31,461

$

76,076

$

63,325

$

$

291,673

Commercial real estate

 

 

 

 

 

 

 

 

  

 

Current period gross charge-offs

$

$

$

$

$

$

$

$

$

Total

 

 

 

 

 

 

 

 

  

 

Pass

$

42,028

$

48,851

$

44,459

$

44,952

$

41,560

$

76,574

$

76,164

$

$

374,588

Special Mention

 

 

 

341

 

242

 

 

7,966

 

7,315

 

 

15,864

Substandard

 

 

 

 

 

 

16

 

 

 

16

Doubtful

 

 

 

 

 

 

 

 

 

Total

$

42,028

$

48,851

$

44,800

$

45,194

$

41,560

$

84,556

$

83,479

$

$

390,468

Current period gross charge-offs

$

$

127

$

$

$

$

$

$

$

127

    

    

    

    

    

    

    

Revolving

    

Revolving

    

Loans

Loans

Amortized

Converted

December 31, 2024

2024

2023

2022

2021

2020

Prior

Cost Basis

to Term

Total

Residential Real Estate

Payment Performance

Performing

$

9,480

$

10,469

$

16,912

$

15,174

$

17,401

$

21,993

$

$

$

91,429

Nonperforming

 

 

22

 

 

17

 

 

269

 

 

 

308

Total

$

9,480

$

10,491

$

16,912

$

15,191

$

17,401

$

22,262

$

$

$

91,737

Residential real estate

 

 

 

 

 

 

 

 

  

 

Current period gross charge-offs

$

$

$

$

$

$

17

$

$

$

17

Consumer

 

 

 

 

 

 

 

 

  

 

Payment Performance

 

 

 

 

 

 

 

 

  

 

Performing

$

4,619

$

1,427

$

798

$

349

$

275

$

907

$

376

$

$

8,751

Nonperforming

 

 

 

 

 

15

 

 

 

 

15

Total

$

4,619

$

1,427

$

798

$

349

$

290

$

907

$

376

$

$

8,766

Consumer

 

 

 

 

 

 

 

 

  

 

Current period gross charge-offs

$

144

$

72

$

$

$

$

$

$

$

216

Total

 

 

 

 

 

 

 

 

  

 

Payment Performance

 

 

 

 

 

 

 

 

  

 

Performing

$

14,099

$

11,896

$

17,710

$

15,523

$

17,676

$

22,900

$

376

$

$

100,180

Nonperforming

 

 

22

 

 

17

 

15

 

269

 

 

 

323

Total

$

14,099

$

11,918

$

17,710

$

15,540

$

17,691

$

23,169

$

376

$

$

100,503

Current period gross charge-offs

$

144

$

72

$

$

$

$

17

$

$

$

233

Schedule of loan portfolio aging analysis

Loan Portfolio Aging Analysis

As of September 30, 2025

30-59 Days

6089 Days

Greater

Past Due

Past Due

Than 90 Days 

Total Past

and

and

and

Due and

Total Loans

    

Accruing

    

Accruing

    

Accruing

    

Non Accrual

    

 Non Accrual

    

Current

    

Receivable

(In thousands)

Commercial and Industrial

$

$

$

14

$

477

$

491

$

94,895

$

95,386

Commercial real estate

199

1,359

1,558

301,519

303,077

Residential

438

32

589

1,059

89,601

90,660

Installment

24

2

12

38

7,376

7,414

Total

$

661

$

34

$

14

$

2,437

$

3,146

$

493,391

$

496,537

Loan Portfolio Aging Analysis

As of December 31, 2024

3059 Days

6089 Days

Greater

Past Due

Past Due

Than 90 Days 

Total Past

and

and

and

Due and

Total Loans

    

Accruing

    

Accruing

    

Accruing

    

Non Accrual

    

Non Accrual

    

Current

    

Receivable

(In thousands)

Commercial and Industrial

$

$

43

$

41

$

170

$

254

$

98,541

$

98,795

Commercial real estate

 

48

258

306

291,367

291,673

Residential

 

95

30

308

433

91,304

91,737

Installment

 

15

2

15

32

8,734

8,766

Total

$

158

$

75

$

56

$

736

$

1,025

$

489,946

$

490,971

Schedule of amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest

The following table present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of September 30, 2025:

    

Loans Past

Due Over 90 Days

Total

Nonaccrual with no ACL

    

Nonaccrual with ACL

    

Total Nonaccrual

    

Still Accruing

    

Nonperforming

 

(In thousands)

Commercial and Industrial

$

225

$

252

$

477

$

14

$

491

Commercial real estate

1,359

1,359

1,359

Residential

589

589

589

Installment

12

12

12

Total

$

2,185

$

252

$

2,437

$

14

$

2,451

The following table present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of December 31, 2024:

    

    

    

    

Loans Past

    

Due Over 90 Days

Total

Nonaccrual with no ACL

Nonaccrual with ACL

Total Nonaccrual

Still Accruing

Nonperforming

 

(In thousands)

Commercial and Industrial

$

170

$

$

170

$

41

$

211

Commercial real estate

 

258

 

 

258

 

 

258

Residential

 

308

 

 

308

 

 

308

Consumer

 

 

 

 

15

 

15

Total

$

736

$

$

736

$

56

$

792