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Loans (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Composition of Loan Portfolio

The following table shows the composition of the Company's loan portfolio as of December 31, 2025 and 2024:


	December 31, 2025				December 31, 2024
Commercial
Real Estate Owner Occupied	$	378,263,000	15.8	%	$	358,588,000	15.3	%
Real Estate Non-Owner Occupied	409,177,000		17.1	%	403,899,000		17.3	%
Construction	35,025,000		1.5	%	99,717,000		4.3	%
C&I	376,907,000		15.7	%	365,817,000		15.6	%
Multifamily	158,910,000		6.6	%	108,732,000		4.6	%
Agriculture	48,145,000		2.0	%	52,219,000		2.2	%
Municipal	52,074,000		2.2	%	61,827,000		2.6	%
Residential
Term	739,188,000		30.9	%	710,807,000		30.4	%
Construction	35,332,000		1.5	%	35,481,000		1.5	%
Home Equity
Revolving and Term	142,219,000		5.9	%	123,063,000		5.3	%
Consumer	18,869,000		0.8	%	20,790,000		0.9	%
Total loans	$	2,394,109,000	100.0	%	$	2,340,940,000	100.0	%

Schedule of Loans to Directors, Officers and Employees which exceed $60,000

A summary of loans to directors and executive officers is as follows:


For the years ended December 31,	2025		2024
Balance at beginning of year	$	32,182,000	$	33,524,000
New loans	4,265,000		3,462,000
Repayments	(7,905,000)		(4,804,000)
Retired Executive Officer	(244,000)		—
Balance at end of year	$	28,298,000	$	32,182,000

Schedule of Past Due Loans Aging

Information on the past-due status of loans by class of financing receivable as of December 31, 2025, is presented in the following table:


	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real Estate Owner Occupied	$	683,000	$	734,000	$	3,698,000	$	5,115,000	$	373,148,000	$	378,263,000	$	—
Real Estate Non-Owner Occupied	734,000		—		1,285,000		2,019,000		407,158,000		409,177,000		—
Construction	103,000		—		7,000		110,000		34,915,000		35,025,000		7,000
C&I	404,000		102,000		1,240,000		1,746,000		375,161,000		376,907,000		21,000
Multifamily	1,600,000		160,000		—		1,760,000		157,150,000		158,910,000		—
Agriculture	316,000		—		377,000		693,000		47,452,000		48,145,000		—
Municipal	—		—		—		—		52,074,000		52,074,000		—
Residential
Term	1,268,000		2,901,000		3,222,000		7,391,000		731,797,000		739,188,000		613,000
Construction	90,000		—		—		90,000		35,242,000		35,332,000		—
Home Equity
Revolving and Term	1,449,000		391,000		534,000		2,374,000		139,845,000		142,219,000		—
Consumer	152,000		118,000		39,000		309,000		18,560,000		18,869,000		24,000
Total	$	6,799,000	$	4,406,000	$	10,402,000	$	21,607,000	$	2,372,502,000	$	2,394,109,000	$	665,000

Information on the past-due status of loans by class of financing receivable as of December 31, 2024, is presented in the following table:


	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real Estate Owner Occupied	$	—	$	257,000	$	292,000	$	549,000	$	358,039,000	$	358,588,000	$	—
Real Estate Non-Owner Occupied	—		—		—		—		403,899,000		403,899,000		—
Construction	—		—		—		—		99,717,000		99,717,000		—
C&I	346,000		1,112,000		540,000		1,998,000		363,819,000		365,817,000		10,000
Multifamily	—		—		—		—		108,732,000		108,732,000		—
Agriculture	115,000		—		—		115,000		52,104,000		52,219,000		—
Municipal	—		—		—		—		61,827,000		61,827,000		—
Residential
Term	137,000		2,614,000		935,000		3,686,000		707,121,000		710,807,000		778,000
Construction	390,000		—		—		390,000		35,091,000		35,481,000		—
Home Equity
Revolving and Term	1,074,000		368,000		94,000		1,536,000		121,527,000		123,063,000		—
Consumer	592,000		285,000		232,000		1,109,000		19,681,000		20,790,000		232,000
Total	$	2,654,000	$	4,636,000	$	2,093,000	$	9,383,000	$	2,331,557,000	$	2,340,940,000	$	1,020,000

Schedule of Nonaccrual Loans

The following table presents the amortized costs basis of loans on nonaccrual status as of as of December 31, 2025 and 2024 is presented in the following table:


As of December 31,	2025						2024
	Nonaccrual with Allowance for Credit Loss		Nonaccrual with no Allowance for Credit Loss		Total Nonaccrual		Nonaccrual with Allowance for Credit Loss		Nonaccrual with no Allowance for Credit Loss		Total Nonaccrual
Commercial
Real Estate Owner Occupied	$	1,131,000	$	2,896,000	$	4,027,000	$	—	$	553,000	$	553,000
Real Estate Non-Owner Occupied	1,285,000		61,000		1,346,000		—		61,000		61,000
Construction	—		8,000		8,000		—		18,000		18,000
C&I	1,297,000		617,000		1,914,000		1,359,000		336,000		1,695,000
Multifamily	—		—		—		—		—		—
Agriculture	—		441,000		441,000		—		31,000		31,000
Municipal	—		—		—		—		—		—
Residential
Term	115,000		4,078,000		4,193,000		—		1,599,000		1,599,000
Construction	—		—		—		—		—		—
Home Equity
Revolving and Term	242,000		703,000		945,000		—		291,000		291,000
Consumer	—		5,000		5,000		—		—		—
Total	$	4,070,000	$	8,809,000	$	12,879,000	$	1,359,000	$	2,889,000	$	4,248,000

Schedule of Collateral-Dependent Loans

The following table presents the amortized cost basis of collateral-dependent loans as of December 31, 2025 and 2024, by collateral type:


	December 31, 2025								December 31, 2024
	Collateral Type								Collateral Type
	Commercial Real Estate		Residential Real Estate		Other		Total		Commercial Real Estate		Residential Real Estate		Other		Total
Commercial
Real estate owner occupied	$	3,626,000	$	—	$	—	$	3,626,000	$	263,000	$	—	$	—	$	263,000
Real estate non-owner occupied	1,348,000		—		—		1,348,000		67,000		—		—		67,000
Construction	—		—		—		—		—		—		—		—
C&I	—		—		1,300,000		1,300,000		—		—		1,438,000		1,438,000
Multifamily	—		—		—		—		—		—		—		—
Agriculture	—		—		—		—		—		—		—		—
Municipal	—		—		—		—		—		—		—		—
Residential													—
Term	—		2,912,000		—		2,912,000		—		558,000		—		558,000
Construction	—		—		—		—		—		—		—		—
Home Equity													—
Revolving and term	—		361,000		—		361,000		—		—		—		—
Consumer	—		—		—		—		—		—		—		—
Total	$	4,974,000	$	3,273,000	$	1,300,000	$	9,547,000	$	330,000	$	558,000	$	1,438,000	$	2,326,000

Schedule of Troubled Debt Restructurings on Financing Receivables

The following tables represent loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the year ended December 31, 2025:


	Amortized Cost Basis
	Payment Deferral		Term Extension		Rate Mod		Combination Payment Deferral and Term Extension		Combination Payment Deferral and Rate Mod		Combination of Payment Deferral, Term & Rate Mod		% of Total Class of Financing Receivable
Commercial
Real estate owner occupied	$	916,000	$	163,000	$	—	$	337,000	$	—	$	—	0.37	%
Real estate non-owner occupied	115,000		251,000		—		—		61,000		1,285,000		0.42	%

C&I	718,000		153,000		362,000		190,000		463,000		—		0.50	%
Multifamily	896,000		—		4,034,000		—		—		—		3.10	%
Agriculture	1,951,000		—		—		—		—		—		4.05	%

Residential
Term	54,000		—		—		632,000		—		352,000		0.14	%

Home Equity
Revolving and term	—		—		—		360,000		—		—		0.25	%

Total	$	4,650,000	$	567,000	$	4,396,000	$	1,519,000	$	524,000	$	1,637,000

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2025:


			Payment Deferral
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, payments deferred to end of loan; 5 yr balloon payment
Real estate non-owner occupied			Temporary payment accommodation, payments deferred to end of loan

C&I			Temporary payment accommodation, payments deferred to end of loan
Multifamily			Temporary payment accommodation, payments deferred to end of loan
Agriculture			Temporary payment accommodation, payments deferred to end of loan; payments deferred for 6 months
Residential
Term			Temporary payment accommodation, payments deferred to end of loan


			Term Extension
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, extended term up to 6 months
Real estate non-owner occupied			Extended term 60 months
C&I			Temporary payment accommodation, extended term 6 months


			Rate Modification
			Financial Effect
Commercial


C&I			Rate reduction to 6.50%
Multifamily			Rate reduction to 5.00%


			Combination Payment Deferral & Term Extension
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, payments deferred to end of loan
C&I			Temporary payment accommodation, payments deferred to end of loan
Residential
Term			Temporary payment accommodation, payments deferred to end of loan
Home Equity
Revolving and term			Temporary payment accommodation, payments deferred to end of loan


			Combination Payment Deferral & Rate Modification
			Financial Effect
Commercial
Real estate owner occupied			Payments deferred for 6 months; rate reduction to 2.0%
C&I			Payments deferred for 6 months; rate reduction to 2.0%


			Combination Payment Deferral, Term & Rate Modification
			Financial Effect
Commercial

Real estate non-owner occupied			Seasonal payments, 5 yr balloon; 60 month term, 120 month amort; WSJP 0.50%

Residential
Term			Seasonal payments, 3 yr balloon; 36 month term, 300 month amort; fixed rate

The following tables represent loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the year ended December 31, 2024:


	Amortized Cost Basis
	Payment Deferral		Term Extension		Interest Rate Reduction		Principal Forgiveness		Combination Payment Deferral and Term Extension		% of Total Class of Financing Receivable
Commercial
Real estate owner occupied	$	633,000	$	—	$	—	$	—	$	—	0.18	%

Construction	69,000		—		—		—		—		0.08	%
C&I	169,000		13,000		—		—		54,000		0.06	%
Multifamily	1,932,000		—		—		—		—		1.75	%


Residential
Term	1,019,000		127,000		—		—		—		0.16	%

Home Equity
Revolving and term	—		—		—		—		66,000		0.06	%

Total	$	3,822,000	$	140,000	$	—	$	—	$	120,000

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the

year ended December 31, 2024:


			Payment Deferral
			Financial Effect
Commercial
Real estate owner occupied			Temporary payment accommodation, payments deferred to end of loan
Construction			Temporary payment accommodation, payments deferred to end of loan
C&I			Temporary payment accommodation, payments deferred to end of loan
Multifamily			Temporary payment accommodation, payments deferred to end of loan
Residential
Term			Temporary payment accommodation, payments deferred to end of loan


			Term Extension
			Financial Effect
Commercial
C&I			Extended term 12 months
Residential
Term			Extended term 24 months


			Payment Deferral & Term Extension
			Financial Effect
Commercial

C&I			Temporary payment accommodation, payments deferred to end of loan; extended term 90 days
Home Equity
Revolving and term			Temporary payment accommodation, payments deferred to end of loan; extended term 60 days

The following tables depict the performance of loans that have been modified during the years ended December 31, 2025 and 2024:


	Payment Status (Amortized Cost Basis)
As of December 31, 2025	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due
Commercial
Real estate owner occupied	$	1,079,000	$	—	$	—	$	337,000
Real estate non-owner occupied	427,000		—		—		1,285,000
Construction	—		—		—		—
C&I	1,675,000		30,000		—		181,000
Multifamily	4,930,000		—		—		—
Agriculture	1,503,000		237,000		—		211,000
Residential
Term	482,000		—		—		556,000
Home Equity
Revolving and term	—		—				360,000
Consumer	—		—		—		—
Total	$	10,096,000	$	267,000	$	—	$	2,930,000


	Payment Status (Amortized Cost Basis)
As of December 31, 2024	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due
Commercial
Real estate owner occupied	$	633,000	$	—	$	—	$	—
Real Estate non-owner occupied	—		—		—		—
Construction	69,000		—		—		—
C&I	236,000		—		—		—
Multifamily	1,932,000		—		—		—
Agriculture	—		—		—		—
Residential
Term	570,000		127,000		449,000		—
Home Equity
Revolving and term	66,000		—		—		—
Consumer	—		—		—		—
Total	$	3,506,000	$	127,000	$	449,000	$	—

Schedule of Financing Receivable, Modified, Subsequent Default

The following tables depict the amortized cost basis of loans that had an event of payment default during the years ended December 31, 2025 and 2024 and were modified in the 12 months prior to that default:


	Amortized Cost Basis
As of December 31, 2025	Payment Deferral		Combination Payment Deferral and Term Extension		Combination of Payment Deferral, Term & Rate Modification
Commercial
Real estate owner occupied	$	—	$	338,000	$	—
Real Estate non-owner occupied	—		—		1,285,000

C&I	30,000		181,000		—

Agriculture	448,000		—		—
Residential
Term	—		204,000		352,000
Home Equity
Revolving and term	—		359,000		—

Total	$	478,000	$	1,082,000	$	1,637,000


	Amortized Cost Basis
As of December 31, 2024	Payment Deferral		Term Extension		Combination Payment Deferral and Term Extension
Commercial



C&I	$	41,000	$	11,000	$	170,000


Residential
Term	449,000		125,000		—



Total	$	490,000	$	136,000	$	170,000