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		60‑89 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

	30‑59 Days		60‑89 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