Loans and Related Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Loans And Related Allowances For Loan Losses [Abstract]

Loan Portfolio Segments

(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
March 31, 2025
Individually evaluated for impairment	$	—	$	—	$	1,839	$	1,593	$	—	$	3,432
Collectively evaluated for impairment		532,764		94,063		280,531		518,479		50,600		1,476,437
Total loans	$	532,764	$	94,063	$	282,370	$	520,072	$	50,600	$	1,479,869
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
March 31, 2025
Commercial real estate:
Non-owner-occupied	$	304,568	$	—	$	—	$	—	$	—	$	—	$	304,568
All other CRE		224,979		721		2,417		—		3,138		79		228,196
Acquisition and development:
1-4 family residential construction		20,490		—		—		—		—		—		20,490
All other A&D		73,482		52		—		—		52		39		73,573
Commercial and industrial		280,461		20		50		—		70		1,839		282,370
Residential mortgage:
Residential mortgage - term		450,936		773		790		140		1,703		1,869		454,508
Residential mortgage - home equity		64,620		314		450		93		857		87		65,564
Consumer		50,045		355		87		—		442		113		50,600
Total	$	1,469,581	$	2,235	$	3,794	$	233	$	6,262	$	4,026	$	1,479,869
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
March 31, 2025
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		5,670		940		4,334		6,723		800		18,467
Total ACL	$	5,670	$	940	$	4,334	$	6,723	$	800	$	18,467
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

	March 31, 2025
(in thousands)	Real Estate			Other Collateral	Non-Accrual Loans with No Allowance
Commercial and industrial		—		1,839		1,839
Residential mortgage		1,593		—		1,593
Total Loans	$	1,593	$	1,839	$	3,432

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

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		—		(3)		(355)		—		(184)		(542)
Recoveries collected		—		64		2		16		100		182
Credit loss (credit)/expense		398		(30)		482		(303)		110		657
ACL balance at March 31, 2025	$	5,670	$	940	$	4,334	$	6,723	$	800	$	18,467
Beginning balance at January 1, 2024	$	5,120	$	940	$	3,717	$	6,774	$	929	$	17,480
Loan charge-offs		—		—		(112)		—		(506)		(618)
Recoveries collected		37		3		31		18		70		159
Credit loss (credit)/expense		(195)		71		366		225		494		961
ACL balance at March 31, 2024	$	4,962	$	1,014	$	4,002	$	7,017	$	987	$	17,982

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
March 31, 2025
Commercial real estate:
Non-owner-occupied
Pass	$	71	$	22,723	$	36,103	$	73,044	$	28,629	$	138,309	$	2,334	$	301,213
Special Mention		—		—		—		—		—		693		—		693
Substandard		—		—		—		—		—		2,662		—		2,662
Total non-owner occupied		71		22,723		36,103		73,044		28,629		141,664		2,334		304,568
Current period gross charge-offs		—		—		—		—		—		—		—		—
All other CRE
Pass		2,976		43,041		32,269		28,660		23,655		86,188		4,531		221,320
Special Mention		—		—		—		—		—		913		—		913
Substandard		—		992		—		—		1,737		2,848		386		5,963
Total all other CRE		2,976		44,033		32,269		28,660		25,392		89,949		4,917		228,196
Current period gross charge-offs		—		—		—		—		—		—		—		—
Acquisition and development:
1-4 family residential construction
Pass		495		14,560		2,400		—		—		—		3,035		20,490
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total acquisition and development		495		14,560		2,400		—		—		—		3,035		20,490
Current period gross charge-offs		—		—		—		—		—		—		—		—
All other A&D
Pass		1,018		24,961		12,270		11,039		1,854		10,294		12,046		73,482
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		91		—		91
Total all other A&D		1,018		24,961		12,270		11,039		1,854		10,385		12,046		73,573
Current period gross charge-offs		—		—		—		—		—		3		—		3
Commercial and industrial:
Pass		3,782		35,325		28,084		62,622		15,291		18,512		76,160		239,776
Special Mention		—		4,251		13,000		3,500		49		1,773		9,325		31,898
Substandard		25		117		—		1,192		669		6,713		1,980		10,696
Total commercial and industrial		3,807		39,693		41,084		67,314		16,009		26,998		87,465		282,370
Current period gross charge-offs		—		—		—		—		—		355		—		355
Residential mortgage:
Residential mortgage - term
Pass		6,745		33,565		69,683		90,865		77,551		166,715		1,147		446,271
Special Mention		—		—		—		678		830		503		—		2,011
Substandard		—		—		—		211		1,339		4,652		24		6,226
Total residential mortgage - term		6,745		33,565		69,683		91,754		79,720		171,870		1,171		454,508
Current period gross charge-offs		—		—		—		—		—		—		—		—
Residential mortgage - home equity
Pass		44		79		755		3,679		679		946		58,591		64,773
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		43		748		791
Total residential mortgage - home equity		44		79		755		3,679		679		989		59,339		65,564
Current period gross charge-offs		—		—		—		—		—		—		—		—
Consumer:
Pass		2,681		9,960		9,588		5,405		2,934		16,958		2,727		50,253
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		54		202		45		18		22		6		347
Total consumer		2,681		10,014		9,790		5,450		2,952		16,980		2,733		50,600
Current period gross charge-offs		36		24		22		10		38		54		—		184
Total Portfolio Loans
Pass		17,812		184,214		191,152		275,314		150,593		437,922		160,571		1,417,578
Special Mention		—		4,251		13,000		4,178		879		3,882		9,325		35,515
Substandard		25		1,163		202		1,448		3,763		17,031		3,144		26,776
Total Portfolio Loans	$	17,837	$	189,628	$	204,354	$	280,940	$	155,235	$	458,835	$	173,040	$	1,479,869
Current YTD Period:
Current period gross charge-offs	$	36	$	24	$	22	$	10	$	38	$	412	$	—	$	542

(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
March 31, 2025
Commercial real estate:
Non-owner-occupied
Performing	$	71	$	22,723	$	36,103	$	73,044	$	28,629	$	141,664	$	2,334	$	304,568
Nonperforming		—		—		—		—		—		—		—		—
Total non-owner occupied		71		22,723		36,103		73,044		28,629		141,664		2,334		304,568
All other CRE
Performing		2,976		44,033		32,269		28,660		25,392		89,870		4,917		228,117
Nonperforming		—		—		—		—		—		79		—		79
Total all other CRE		2,976		44,033		32,269		28,660		25,392		89,949		4,917		228,196
Acquisition and development:
1-4 family residential construction
Performing		495		14,560		2,400		—		—		—		3,035		20,490
Nonperforming		—		—		—		—		—		—		—		—
Total acquisition and development		495		14,560		2,400		—		—		—		3,035		20,490
All other A&D
Performing		1,018		24,961		12,270		11,039		1,854		10,346		12,046		73,534
Nonperforming		—		—		—		—		—		39		—		39
Total all other A&D		1,018		24,961		12,270		11,039		1,854		10,385		12,046		73,573
Commercial and industrial:
Performing		3,807		39,693		41,084		66,122		15,362		26,998		87,465		280,531
Nonperforming		—		—		—		1,192		647		—		—		1,839
Total commercial and industrial		3,807		39,693		41,084		67,314		16,009		26,998		87,465		282,370
Residential mortgage:
Residential mortgage - term
Performing		6,745		33,565		69,683		91,754		79,596		169,985		1,171		452,499
Nonperforming		—		—		—		—		124		1,885		—		2,009
Total residential mortgage - term		6,745		33,565		69,683		91,754		79,720		171,870		1,171		454,508
Residential mortgage - home equity
Performing		44		79		755		3,679		679		958		59,190		65,384
Nonperforming		—		—		—		—		—		31		149		180
Total residential mortgage - home equity		44		79		755		3,679		679		989		59,339		65,564
Consumer:
Performing		2,681		10,014		9,677		5,450		2,952		16,980		2,733		50,487
Nonperforming		—		—		113		—		—		—		—		113
Total consumer		2,681		10,014		9,790		5,450		2,952		16,980		2,733		50,600
Total Portfolio Loans
Performing		17,837		189,628		204,241		279,748		154,464		456,801		172,891		1,475,610
Nonperforming		—		—		113		1,192		771		2,034		149		4,259
Total Portfolio Loans	$	17,837	$	189,628	$	204,354	$	280,940	$	155,235	$	458,835	$	173,040	$	1,479,869

(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
Three months ended March 31, 2025
Commercial and industrial		24	0.01%	60 months
Total	$	24