Loans and Related Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2025

Loans and Related Allowance for Credit Losses

Loan Portfolio Segments

(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
September 30, 2025
Individually evaluated for impairment	$	516	$	—	$	1,131	$	1,686	$	—	$	3,333
Collectively evaluated for impairment		553,902		93,968		277,948		519,631		47,980		1,493,429
Total loans	$	554,418	$	93,968	$	279,079	$	521,317	$	47,980	$	1,496,762
December 31, 2024
Individually evaluated for impairment	$	574	$	—	$	2,048	$	1,810	$	—	$	4,432
Collectively evaluated for impairment		525,790		95,314		285,486		517,005		52,766		1,476,361
Total loans	$	526,364	$	95,314	$	287,534	$	518,815	$	52,766	$	1,480,793

Loan Portfolio Summarized by the Past Due Status

(in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days+ Past Due		Total Past Due and Accruing		Non- Accrual		Total Loans
September 30, 2025
Commercial real estate:
Non-owner-occupied	$	315,894	$	—	$	103	$	—	$	103	$	—	$	315,997
All other CRE		237,521		—		307		—		307		593		238,421
Acquisition and development:
1-4 family residential construction		21,444		—		—		—		—		—		21,444
All other A&D		72,502		—		—		—		—		22		72,524
Commercial and industrial		277,479		75		388		6		469		1,131		279,079
Residential mortgage:
Residential mortgage - term		450,611		65		768		469		1,302		1,929		453,842
Residential mortgage - home equity		66,148		754		126		308		1,188		139		67,475
Consumer		47,453		433		65		18		516		11		47,980
Total	$	1,489,052	$	1,327	$	1,757	$	801	$	3,885	$	3,825	$	1,496,762
December 31, 2024
Commercial real estate:
Non-owner-occupied	$	296,259	$	—	$	—	$	—	$	—	$	—	$	296,259
All other CRE		228,875		257		—		317		574		656		230,105
Acquisition and development:
1-4 family residential construction		16,630		—		—		—		—		—		16,630
All other A&D		78,588		—		14		—		14		82		78,684
Commercial and industrial		285,675		—		21		—		21		1,838		287,534
Residential mortgage:
Residential mortgage - term		447,161		66		2,411		504		2,981		2,100		452,242
Residential mortgage - home equity		65,824		371		228		69		668		81		66,573
Consumer		52,117		364		83		28		475		174		52,766
Total	$	1,471,129	$	1,058	$	2,757	$	918	$	4,733	$	4,931	$	1,480,793

Primary Segments of the Allowance for Loan Loss

(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
September 30, 2025
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		5,811		1,003		4,478		7,101		696		19,089
Total ACL	$	5,811	$	1,003	$	4,478	$	7,101	$	696	$	19,089
December 31, 2024
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		5,272		909		4,205		7,010		774		18,170
Total ACL	$	5,272	$	909	$	4,205	$	7,010	$	774	$	18,170

Schedule of amortized cost basis of collateral-dependent individually evaluated loans

	September 30, 2025
(in thousands)	Real Estate			Other Collateral	Non-Accrual Loans with No Allowance
Commercial real estate	$	516	$	—	$	516
Commercial and industrial		—		1,131		1,131
Residential mortgage		1,686		—		1,686
Total Loans	$	2,202	$	1,131	$	3,333

	December 31, 2024
(in thousands)	Real Estate			Other Collateral	Non-Accrual Loans with No Allowance
Commercial real estate	$	574	$	—	$	574
Commercial and industrial		—		2,048		2,048
Residential mortgage		1,810		—		1,810
Total Loans	$	2,384	$	2,048	$	4,432

Allowance for Loan Losses Summarized by Loan Portfolio Segments

Nine months ended (in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
Beginning balance at January 1, 2025	$	5,272	$	909	$	4,205	$	7,010	$	774	$	18,170
Loan charge-offs		—		(9)		(897)		(15)		(612)		(1,533)
Recoveries collected		—		304		35		36		212		587
Credit loss expense/(credit)		539		(201)		1,135		70		322		1,865
ACL balance at September 30, 2025	$	5,811	$	1,003	$	4,478	$	7,101	$	696	$	19,089
Beginning balance at January 1, 2024	$	5,120	$	940	$	3,717	$	6,774	$	929	$	17,480
Loan charge-offs		—		—		(1,297)		(45)		(1,193)		(2,535)
Recoveries collected		37		48		203		68		302		658
Credit loss (credit)/expense		(250)		(44)		1,848		44		809		2,407
ACL balance at September 30, 2024	$	4,907	$	944	$	4,471	$	6,841	$	847	$	18,010

Three months ended (in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
ACL balance at July 1, 2025	$	6,166	$	1,043	$	4,226	$	6,902	$	707	$	19,044
Loan charge-offs		—		—		(527)		(15)		(213)		(755)
Recoveries collected		—		233		22		7		58		320
Credit loss (credit)/expense		(355)		(273)		757		207		144		480
ACL balance at September 30, 2025	$	5,811	$	1,003	$	4,478	$	7,101	$	696	$	19,089
ACL balance at July 1, 2024	$	4,852	$	992	$	3,964	$	7,162	$	953	$	17,923
Loan charge-offs		—		—		(67)		—		(369)		(436)
Recoveries collected		—		42		170		41		75		328
Credit loss expense/(credit)		55		(90)		404		(362)		188		195
ACL balance at September 30, 2024	$	4,907	$	944	$	4,471	$	6,841	$	847	$	18,010

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

(in thousands)	2025		2024		2023		2022		2021		2020 and Prior		Revolving		Total Portfolio Loans
September 30, 2025
Commercial real estate:
Non-owner-occupied
Pass	$	22,454	$	22,556	$	35,640	$	70,490	$	28,017	$	125,502	$	9,341	$	314,000
Special Mention		—		—		103		—		—		—		—		103
Substandard		—		—		—		—		—		1,894		—		1,894
Total non-owner occupied		22,454		22,556		35,743		70,490		28,017		127,396		9,341		315,997
Current period gross charge-offs		—		—		—		—		—		—		—		—
All other CRE
Pass		14,806		52,970		31,877		27,309		21,233		77,826		4,392		230,413
Special Mention		—		—		—		—		870		712		—		1,582
Substandard		—		920		—		—		1,719		3,239		548		6,426
Total all other CRE		14,806		53,890		31,877		27,309		23,822		81,777		4,940		238,421
Current period gross charge-offs		—		—		—		—		—		—		—		—
Acquisition and development:
1-4 family residential construction
Pass		7,775		9,205		529		—		—		—		3,935		21,444
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total acquisition and development		7,775		9,205		529		—		—		—		3,935		21,444
Current period gross charge-offs		—		—		—		—		—		—		—		—
All other A&D
Pass		11,559		19,269		12,284		2,592		1,643		9,351		15,505		72,203
Special Mention		—		—		—		—		—		—		—		—
Substandard		299		—		—		—		—		22		—		321
Total all other A&D		11,858		19,269		12,284		2,592		1,643		9,373		15,505		72,524
Current period gross charge-offs		—		—		—		—		—		9		—		9
Commercial and industrial:
Pass		13,701		19,970		19,416		56,818		12,420		15,652		92,826		230,803
Special Mention		—		4,250		19,277		3,660		38		—		6,051		33,276
Substandard		24		106		18		951		202		8,122		5,577		15,000
Total commercial and industrial		13,725		24,326		38,711		61,429		12,660		23,774		104,454		279,079
Current period gross charge-offs		—		—		—		—		480		417		—		897
Residential mortgage:
Residential mortgage - term
Pass		20,285		39,943		68,576		88,842		71,810		154,741		1,087		445,284
Special Mention		—		—		—		—		—		490		—		490
Substandard		—		—		133		867		2,098		4,947		23		8,068
Total residential mortgage - term		20,285		39,943		68,709		89,709		73,908		160,178		1,110		453,842
Current period gross charge-offs		—		—		—		—		—		—		—		—
Residential mortgage - home equity
Pass		367		73		681		3,332		573		904		60,382		66,312
Special Mention		—		—		—		—		—		—		50		50
Substandard		—		—		—		—		—		10		1,103		1,113
Total residential mortgage - home equity		367		73		681		3,332		573		914		61,535		67,475
Current period gross charge-offs		—		—		—		—		—		15		—		15
Consumer:
Pass		8,130		7,787		7,375		3,962		1,966		15,794		2,740		47,754
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		24		87		55		15		17		28		226
Total consumer		8,130		7,811		7,462		4,017		1,981		15,811		2,768		47,980
Current period gross charge-offs		225		85		152		18		99		33		—		612
Total Portfolio Loans
Pass		99,077		171,773		176,378		253,345		137,662		399,770		190,208		1,428,213
Special Mention		—		4,250		19,380		3,660		908		1,202		6,101		35,501
Substandard		323		1,050		238		1,873		4,034		18,251		7,279		33,048
Total Portfolio Loans	$	99,400	$	177,073	$	195,996	$	258,878	$	142,604	$	419,223	$	203,588	$	1,496,762
Current YTD Period:
Current period gross charge-offs	$	225	$	85	$	152	$	18	$	579	$	474	$	—	$	1,533

(in thousands)	2024		2023		2022		2021		2020		2019 and Prior		Revolving		Total Portfolio Loans
December 31, 2024
Commercial real estate:
Non-owner-occupied
Pass	$	22,807	$	23,454	$	73,649	$	28,941	$	52,080	$	89,977	$	1,960	$	292,868
Special Mention		—		—		—		—		706		—		—		706
Substandard		—		—		—		—		—		2,685		—		2,685
Total non-owner occupied		22,807		23,454		73,649		28,941		52,786		92,662		1,960		296,259
Current period gross charge-offs		—		—		—		—		—		—		—		—
All other CRE
Pass		42,855		32,599		29,951		24,073		16,842		72,630		4,535		223,485
Special Mention		—		—		—		—		199		—		—		199
Substandard		994		—		—		1,744		—		3,453		230		6,421
Total all other CRE		43,849		32,599		29,951		25,817		17,041		76,083		4,765		230,105
Current period gross charge-offs		—		—		—		—		—		—		—		—
Acquisition and development:
1-4 family residential construction
Pass		11,686		3,317		—		—		—		—		1,627		16,630
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total acquisition and development		11,686		3,317		—		—		—		—		1,627		16,630
Current period gross charge-offs		—		—		—		—		—		—		—		—
All other A&D
Pass		23,304		24,114		10,672		1,848		1,773		9,230		7,661		78,602
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		82		—		82
Total all other A&D		23,304		24,114		10,672		1,848		1,773		9,312		7,661		78,684
Current period gross charge-offs		—		—		—		—		—		—		—		—
Commercial and industrial:
Pass		35,898		29,786		65,663		17,558		6,777		13,758		75,440		244,880
Special Mention		4,250		13,000		3,500		—		1,842		—		9,084		31,676
Substandard		122		—		1,209		680		6,562		692		1,713		10,978
Total commercial and industrial		40,270		42,786		70,372		18,238		15,181		14,450		86,237		287,534
Current period gross charge-offs		465		—		125		892		41		87		—		1,610
Residential mortgage:
Residential mortgage - term
Pass		32,582		70,643		91,775		78,892		35,790		133,725		1,235		444,642
Special Mention		—		—		684		840		—		—		—		1,524
Substandard		—		—		60		1,054		—		4,923		39		6,076
Total residential mortgage - term		32,582		70,643		92,519		80,786		35,790		138,648		1,274		452,242
Current period gross charge-offs		—		—		—		—		—		30		—		30
Residential mortgage - home equity
Pass		171		803		3,948		696		361		622		59,307		65,908
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		33		12		620		665
Total residential mortgage - home equity		171		803		3,948		696		394		634		59,927		66,573
Current period gross charge-offs		—		—		15		—		—		—		—		15
Consumer:
Pass		11,132		10,945		6,312		3,525		1,091		16,593		2,833		52,431
Special Mention		—		—		—		—		—		—		—		—
Substandard		3		177		100		24		25		4		2		335
Total consumer		11,135		11,122		6,412		3,549		1,116		16,597		2,835		52,766
Current period gross charge-offs		204		314		109		64		23		655		—		1,369
Total Portfolio Loans
Pass		180,435		195,661		281,970		155,533		114,714		336,535		154,598		1,419,446
Special Mention		4,250		13,000		4,184		840		2,747		—		9,084		34,105
Substandard		1,119		177		1,369		3,502		6,620		11,851		2,604		27,242
Total Portfolio Loans	$	185,804	$	208,838	$	287,523	$	159,875	$	124,081	$	348,386	$	166,286	$	1,480,793
Current YTD Period:
Current period gross charge-offs	$	669	$	314	$	249	$	956	$	64	$	772	$	—	$	3,024

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past.

The following tables present loan balances by year of origination segregated by performing and non-performing loans for the periods presented:

(in thousands)	2025		2024		2023		2022		2021		2020 and Prior		Revolving		Total Portfolio Loans
September 30, 2025
Commercial real estate:
Non-owner-occupied
Performing	$	22,454	$	22,556	$	35,743	$	70,490	$	28,017	$	127,396	$	9,341	$	315,997
Nonperforming		—		—		—		—		—		—		—		—
Total non-owner occupied		22,454		22,556		35,743		70,490		28,017		127,396		9,341		315,997
All other CRE
Performing		14,806		53,890		31,877		27,309		23,822		81,184		4,940		237,828
Nonperforming		—		—		—		—		—		593		—		593
Total all other CRE		14,806		53,890		31,877		27,309		23,822		81,777		4,940		238,421
Acquisition and development:
1-4 family residential construction
Performing		7,775		9,205		529		—		—		—		3,935		21,444
Nonperforming		—		—		—		—		—		—		—		—
Total acquisition and development		7,775		9,205		529		—		—		—		3,935		21,444
All other A&D
Performing		11,858		19,269		12,284		2,592		1,643		9,351		15,505		72,502
Nonperforming		—		—		—		—		—		22		—		22
Total all other A&D		11,858		19,269		12,284		2,592		1,643		9,373		15,505		72,524
Commercial and industrial:
Performing		13,725		24,326		38,705		60,478		12,480		23,774		104,454		277,942
Nonperforming		—		—		6		951		180		—		—		1,137
Total commercial and industrial		13,725		24,326		38,711		61,429		12,660		23,774		104,454		279,079
Residential mortgage:
Residential mortgage - term
Performing		20,285		39,943		68,576		89,709		73,527		158,294		1,110		451,444
Nonperforming		—		—		133		—		381		1,884		—		2,398
Total residential mortgage - term		20,285		39,943		68,709		89,709		73,908		160,178		1,110		453,842
Residential mortgage - home equity
Performing		367		73		681		3,332		573		914		61,088		67,028
Nonperforming		—		—		—		—		—		—		447		447
Total residential mortgage - home equity		367		73		681		3,332		573		914		61,535		67,475
Consumer:
Performing		8,130		7,806		7,451		4,004		1,981		15,811		2,768		47,951
Nonperforming		—		5		11		13		—		—		—		29
Total consumer		8,130		7,811		7,462		4,017		1,981		15,811		2,768		47,980
Total Portfolio Loans
Performing		99,400		177,068		195,846		257,914		142,043		416,724		203,141		1,492,136
Nonperforming		—		5		150		964		561		2,499		447		4,626
Total Portfolio Loans	$	99,400	$	177,073	$	195,996	$	258,878	$	142,604	$	419,223	$	203,588	$	1,496,762

(in thousands)	2024		2023		2022		2021		2020		2019 and Prior		Revolving		Total Portfolio Loans
December 31, 2024
Commercial real estate:
Non-owner-occupied
Performing	$	22,807	$	23,454	$	73,649	$	28,941	$	52,786	$	92,662	$	1,960	$	296,259
Nonperforming		—		—		—		—		—		—		—		—
Total non-owner occupied		22,807		23,454		73,649		28,941		52,786		92,662		1,960		296,259
All other CRE
Performing		43,849		32,599		29,951		25,500		17,041		75,427		4,765		229,132
Nonperforming		—		—		—		317		—		656		—		973
Total all other CRE		43,849		32,599		29,951		25,817		17,041		76,083		4,765		230,105
Acquisition and development:
1-4 family residential construction
Performing		11,686		3,317		—		—		—		—		1,627		16,630
Nonperforming		—		—		—		—		—		—		—		—
Total acquisition and development		11,686		3,317		—		—		—		—		1,627		16,630
All other A&D
Performing		23,304		24,114		10,672		1,848		1,773		9,230		7,661		78,602
Nonperforming		—		—		—		—		—		82		—		82
Total all other A&D		23,304		24,114		10,672		1,848		1,773		9,312		7,661		78,684
Commercial and industrial:
Performing		40,270		42,786		69,180		17,592		15,181		14,450		86,237		285,696
Nonperforming		—		—		1,192		646		—		—		—		1,838
Total commercial and industrial		40,270		42,786		70,372		18,238		15,181		14,450		86,237		287,534
Residential mortgage:
Residential mortgage - term
Performing		32,582		70,643		92,519		80,661		35,790		136,184		1,259		449,638
Nonperforming		—		—		—		125		—		2,464		15		2,604
Total residential mortgage - term		32,582		70,643		92,519		80,786		35,790		138,648		1,274		452,242
Residential mortgage - home equity
Performing		171		803		3,948		696		361		634		59,810		66,423
Nonperforming		—		—		—		—		33		—		117		150
Total residential mortgage - home equity		171		803		3,948		696		394		634		59,927		66,573
Consumer:
Performing		11,135		11,008		6,378		3,549		1,116		16,543		2,835		52,564
Nonperforming		—		114		34		—		—		54		—		202
Total consumer		11,135		11,122		6,412		3,549		1,116		16,597		2,835		52,766
Total Portfolio Loans
Performing		185,804		208,724		286,297		158,787		124,048		345,130		166,154		1,474,944
Nonperforming		—		114		1,226		1,088		33		3,256		132		5,849
Total Portfolio Loans	$	185,804	$	208,838	$	287,523	$	159,875	$	124,081	$	348,386	$	166,286	$	1,480,793

Troubled Debt Restructuring

(in thousands)	Term Extension		Percentage of Total Loan Type	Weighted Average Term and Principal Payment Extension
Nine months ended September 30, 2025
Owner-occupied commercial real estate	$	868	0.36%	12 months
Commercial and industrial		23	0.01%	60 months
Total	$	891
Nine months ended September 30, 2024
Owner-occupied commercial real estate	$	888	0.43%	12 months
Commercial and industrial		127	0.05%	60 months
Total	$	1,015

(in thousands)	Term Extension		Percentage of Total Loan Type	Weighted Average Term and Principal Payment Extension
Three months ended September 30, 2024
Commercial and industrial	$	127	0.05%	60 months
Total	$	127