Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Allowance for Credit Losses by Class of Financing Receivable and Allowance

The following table summarizes the composition of the ACL, by class of financing receivable and allowance, as of December 31, 2025 and 2024:


As of December 31,	2025		2024
Allowance for Individually Analyzed Loans
Commercial
Real estate owner occupied	$	377,000	$	—
Real estate non-owner occupied	1,209,000		—
Construction	—		—
C&I	961,000		1,047,000
Multifamily	—		—
Agriculture	—		—
Municipal	—		—
Residential
Term	87,000		—
Construction	—		—
Home Equity
Revolving and term	106,000		—
Consumer	—		—
Total	$	2,740,000	$	1,047,000
Allowance for Pooled Loans
Commercial
Real estate owner occupied	$	4,967,000	$	5,045,000
Real estate non-owner occupied	4,611,000		4,829,000
Construction	250,000		944,000
C&I	4,062,000		4,317,000
Multifamily	826,000		1,239,000
Agriculture	519,000		605,000
Municipal	193,000		262,000
Residential
Term	5,862,000		5,241,000
Construction	299,000		474,000
Home Equity
Revolving and term	852,000		686,000
Consumer	184,000		182,000
Total	$	22,625,000	$	23,824,000
Total Allowance for Credit Losses
Commercial
Real estate owner occupied	$	5,344,000	$	5,045,000
Real estate non-owner occupied	5,820,000		4,829,000
Construction	250,000		944,000
C&I	5,023,000		5,364,000
Multifamily	826,000		1,239,000
Agriculture	519,000		605,000
Municipal	193,000		262,000
Residential
Term	5,949,000		5,241,000
Construction	299,000		474,000
Home Equity
Revolving and term	958,000		686,000
Consumer	184,000		182,000
Total	$	25,365,000	$	24,871,000

A breakdown of the ACL as of December 31, 2025 and 2024, by class of financing receivable and allowance element, is presented in the following tables:


As of December 31, 2025	Specific Reserves on Loans Evaluated Individually		General Reserves on Loans Based on Historical Loss Experience		Reserves for Qualitative Factors		Total Reserves
Commercial
Real estate owner occupied	$	377,000	$	4,173,000	$	794,000	$	5,344,000
Real estate non-owner occupied	1,209,000		3,979,000		632,000		5,820,000
Construction	—		194,000		56,000		250,000
C&I	961,000		3,522,000		540,000		5,023,000
Multifamily	—		669,000		157,000		826,000
Agriculture	—		472,000		47,000		519,000
Municipal	—		33,000		160,000		193,000
Residential
Term	87,000		5,270,000		592,000		5,949,000
Construction	—		249,000		50,000		299,000
Home Equity
Revolving and term	106,000		747,000		105,000		958,000
Consumer	—		174,000		10,000		184,000
	$	2,740,000	$	19,482,000	$	3,143,000	$	25,365,000


As of December 31, 2024	Specific Reserves on Loans Evaluated Individually		General Reserves on Loans Based on Historical Loss Experience		Reserves for Qualitative Factors		Total Reserves
Commercial
Real estate owner occupied	$	—	$	4,355,000	$	690,000	$	5,045,000
Real estate non-owner occupied	—		4,237,000		592,000		4,829,000
Construction	—		786,000		158,000		944,000
C&I	1,047,000		3,744,000		573,000		5,364,000
Multifamily	—		1,108,000		131,000		1,239,000
Agriculture	—		449,000		156,000		605,000
Municipal	—		35,000		227,000		262,000
Residential
Term	—		4,811,000		430,000		5,241,000
Construction	—		414,000		60,000		474,000
Home Equity
Revolving and term	—		600,000		86,000		686,000
Consumer	—		175,000		7,000		182,000
	$	1,047,000	$	20,714,000	$	3,110,000	$	24,871,000

Schedule of Off-Balance Sheet Allowance

The following table presents the activity in the ACL for off-balance sheet credit exposures for the years ended December 31, 2025 and 2024:


For the years ended December 31,	2025		2024
Allowance for credit losses:
Beginning balance	$	714,000	$	1,255,000
Credit loss reduction	(149,000)		(541,000)
Total ending allowance balance	$	565,000	$	714,000

Schedule of Credit Quality Risk Ratings for Loans

The following table summarizes the credit quality for the Company's portfolio by risk category of loans and by class by vintage as of December 31, 2025:


	Term Loans Amortized Cost Basis by Origination Year
Dollars in thousands	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2025
Commercial
Real estate owner occupied
Pass (risk rating 1-5)	$	54,972	$	43,055	$	65,526	$	64,412	$	33,137	$	94,034	$	9,906	$	—	$	365,042
Special Mention (risk rating 6)	135		—		—		—		—		930		—		—		1,065
Substandard (risk rating 7)	—		1,734		1,369		7,263		257		1,533		—		—		12,156
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Real estate owner occupied	55,107		44,789		66,895		71,675		33,394		96,497		9,906		—		378,263
Current period gross write-offs	—		—		—		—		—		(53)		—		—		(53)
Real estate non-owner occupied
Pass (risk rating 1-5)	56,787		31,264		38,156		65,396		97,598		103,651		11,713		—		404,565
Special Mention (risk rating 6)	—		—		—		1,155		8		1,653		—		—		2,816
Substandard (risk rating 7)	1,421		252		62		—		—		61		—		—		1,796
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Real estate non-owner occupied	58,208		31,516		38,218		66,551		97,606		105,365		11,713		—		409,177
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Construction
Pass (risk rating 1-5)	12,616		9,741		4,129		2,139		3,509		2,731		—		—		34,865
Special Mention (risk rating 6)	—		—		—		—		—		—		—		—		—
Substandard (risk rating 7)	—		95		—		—		65		—		—		—		160
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Construction	12,616		9,836		4,129		2,139		3,574		2,731		—		—		35,025
Current period gross write-offs	—		—		—		—		—		—		—		—		—
C&I
Pass (risk rating 1-5)	49,189		66,218		44,355		37,597		33,302		30,562		88,210		22,540		371,973
Special Mention (risk rating 6)	30		315		172		383		289		65		562		—		1,816
Substandard (risk rating 7)	867		26		911		319		32		496		467		—		3,118
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total C&I	50,086		66,559		45,438		38,299		33,623		31,123		89,239		22,540		376,907
Current period gross write-offs	—		(47)		(635)		—		(24)		(627)		—		—		(1,333)
Agriculture
Pass (risk rating 1-5)	8,670		9,778		2,405		4,614		3,381		15,176		1,960		177		46,161
Special Mention (risk rating 6)	—		—		—		—		—		—		—		—		—
Substandard (risk rating 7)	1,323		90		254		211		—		106		—		—		1,984
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Agriculture	9,993		9,868		2,659		4,825		3,381		15,282		1,960		177		48,145
Current period gross write-offs	—		—		—		—		(27)		—		—		—		(27)
Multifamily
Pass (risk rating 1-5)	45,208		16,212		8,366		44,110		17,488		19,093		768		—		151,245
Special Mention (risk rating 6)	160		—		1,600		—		271		—		—		—		2,031
Substandard (risk rating 7)	—		2,411		—		1,020		1,307		896		—		—		5,634
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Multifamily	45,368		18,623		9,966		45,130		19,066		19,989		768		—		158,910
Current period gross write-offs	—		—		—		—		—		—		—		—		—



	Term Loans Amortized Cost Basis by Origination Year
Dollars in thousands	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2025
Municipal
Pass (risk rating 1-5)	6,274		6,872		16,482		2,798		4,287		15,361		—		—		52,074
Special Mention (risk rating 6)	—		—		—		—		—		—		—		—		—
Substandard (risk rating 7)	—		—		—		—		—		—		—		—		—
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Municipal	6,274		6,872		16,482		2,798		4,287		15,361		—		—		52,074
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Residential
Term
Performing	67,304		83,037		86,924		138,568		113,437		244,356		1,251		118		734,995
Non-performing	391		166		51		604		954		2,027		—		—		4,193
Total Term	67,695		83,203		86,975		139,172		114,391		246,383		1,251		118		739,188
Current period gross write-offs	—		—		—		—		—		(1)		—		—		(1)
Construction
Performing	31,024		3,785		108		415		—		—		—		—		35,332
Non-performing	—		—		—		—		—		—		—		—		—
Total Construction	31,024		3,785		108		415		—		—		—		—		35,332
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Home equity revolving and term
Performing	9,488		11,274		7,782		7,396		1,558		2,266		92,710		8,800		141,274
Non-performing	—		136		14		80		242		203		88		182		945
Total Home equity revolving and term	9,488		11,410		7,796		7,476		1,800		2,469		92,798		8,982		142,219
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Consumer
Performing	2,133		1,761		1,464		621		146		5,541		7,198		—		18,864
Non-performing	—		—		—		—		—		5		—		—		5
Total Consumer	2,133		1,761		1,464		621		146		5,546		7,198		—		18,869
Current period gross write-offs	(20)		(60)		(42)		(23)		(23)		(161)		—		—		(329)
Total loans	$	347,992	$	288,222	$	280,130	$	379,101	$	311,268	$	540,746	$	214,833	$	31,817	$	2,394,109

The following table summarizes the credit quality for the Company's portfolio by risk category of loans and by class by vintage as of December 31, 2024:


	Term Loans Amortized Cost Basis by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2024
Commercial
Real estate owner occupied
Pass (risk rating 1-5)	$	47,724	$	62,376	$	77,469	$	39,635	$	26,448	$	81,529	$	10,727	$	1,126	$	347,034
Special Mention (risk rating 6)	125		3,026		5,334		—		195		1,603		50		—		10,333
Substandard (risk rating 7)	41		261		—		257		160		502		—		—		1,221
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Real estate owner occupied	47,890		65,663		82,803		39,892		26,803		83,634		10,777		1,126		358,588
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Real estate non-owner occupied
Pass (risk rating 1-5)	33,083		29,546		72,025		113,630		45,421		96,778		11,241		1,520		403,244
Special Mention (risk rating 6)	—		62		—		44		—		199		—		—		305
Substandard (risk rating 7)	289		—		—		—		—		61		—		—		350
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Real estate non-owner occupied	33,372		29,608		72,025		113,674		45,421		97,038		11,241		1,520		403,899
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Construction
Pass (risk rating 1-5)	36,478		22,629		26,650		7,826		1,356		2,314		—		—		97,253
Special Mention (risk rating 6)	—		—		2,007		44		—		199		—		—		2,250
Substandard (risk rating 7)	145		—		—		69		—		—		—		—		214
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Construction	36,623		22,629		28,657		7,939		1,356		2,513		—		—		99,717
Current period gross write-offs	—		—		—		—		—		—		—		—		—
C&I
Pass (risk rating 1-5)	69,543		50,204		45,986		39,217		14,958		25,284		114,567		778		360,537
Special Mention (risk rating 6)	25		15		561		478		723		—		900		—		2,702
Substandard (risk rating 7)	473		1,227		356		30		15		19		200		—		2,320
Doubtful (risk rating 8)	—		—		—		—		—		258		—		—		258
Total C&I	70,041		51,446		46,903		39,725		15,696		25,561		115,667		778		365,817
Current period gross write-offs	—		(128)		(39)		(72)		(47)		(165)		—		—		(451)
Agriculture
Pass (risk rating 1-5)	11,694		2,749		5,790		3,835		14,651		6,023		4,546		215		49,503
Special Mention (risk rating 6)	—		474		—		52		—		152		600		—		1,278
Substandard (risk rating 7)	—		75		731		30		—		602		—		—		1,438
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Agriculture	11,694		3,298		6,521		3,917		14,651		6,777		5,146		215		52,219
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Multifamily
Pass (risk rating 1-5)	14,048		13,102		33,558		17,335		14,483		12,152		781		—		105,459
Special Mention (risk rating 6)	—		—		—		—		—		—		—		—		—
Substandard (risk rating 7)	—		—		1,020		1,341		912		—		—		—		3,273
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Multifamily	14,048		13,102		34,578		18,676		15,395		12,152		781		—		108,732
Current period gross write-offs	—		—		—		—		—		—		—		—		—



	Term Loans Amortized Cost Basis by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2024
Municipal
Pass (risk rating 1-5)	9,503		18,642		4,017		3,822		8,498		17,345		—		—		61,827
Special Mention (risk rating 6)	—		—		—		—		—		—		—		—		—
Substandard (risk rating 7)	—		—		—		—		—		—		—		—		—
Doubtful (risk rating 8)	—		—		—		—		—		—		—		—		—
Total Municipal	9,503		18,642		4,017		3,822		8,498		17,345		—		—		61,827
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Residential
Term
Performing	56,378		94,816		148,877		130,413		84,028		192,466		2,109		121		709,208
Non-performing	—		—		297		257		380		665		—		—		1,599
Total Term	56,378		94,816		149,174		130,670		84,408		193,131		2,109		121		710,807
Current period gross write-offs	—		—		—		—		—		(37)		—		—		(37)
Construction
Performing	26,386		7,487		925		—		683		—		—		—		35,481
Non-performing	—		—		—		—		—		—		—		—		—
Total Construction	26,386		7,487		925		—		683		—		—		—		35,481
Current period gross write-offs	—		—		—		—		—		—		—		—		—
Home equity revolving and term
Performing	12,449		8,917		8,310		1,894		1,021		1,857		79,132		9,192		122,772
Non-performing	—		—		—		—		—		96		15		180		291
Total home equity revolving and term	12,449		8,917		8,310		1,894		1,021		1,953		79,147		9,372		123,063
Current period gross write-offs	—		—		—		—		—		(7)		—		—		(7)
Consumer
Performing	3,146		2,438		1,218		734		1,114		5,805		6,335		—		20,790
Non-performing	—		—		—		—		—		—		—		—		—
Total Consumer	3,146		2,438		1,218		734		1,114		5,805		6,335		—		20,790
Current period gross write-offs	(13)		(53)		(72)		(39)		(20)		(55)		—		—		(252)
Total loans	$	321,530	$	318,046	$	435,131	$	360,943	$	215,046	$	445,909	$	231,203	$	13,132	$	2,340,940

Schedule of Allowance for Loan Losses Transactions

The following table presents ACL activity by class for the year ended December 31, 2025:


	Commercial												Municipal		Residential				Home Equity		Consumer		Total
Dollars in thousands	Real Estate Owner Occupied		Real Estate Non-Owner Occupied		Construction		C&I		Multifamily		Agriculture				Term		Construction		Revolving and Term
For the year ended December 31, 2025
Beginning balance	$	5,045	$	4,829	$	944	$	5,364	$	1,239	$	605	$	262	$	5,241	$	474	$	686	$	182	$	24,871
Chargeoffs	(53)		—		—		(1,333)		—		(27)		—		(1)		—		—		(329)		(1,743)
Recoveries	—		—		—		76		—		—		—		7		—		16		89		188
Credit loss expense (reduction)	352		991		(694)		916		(413)		(59)		(69)		702		(175)		256		242		2,049
Ending balance	$	5,344	$	5,820	$	250	$	5,023	$	826	$	519	$	193	$	5,949	$	299	$	958	$	184	$	25,365

The following table presents ACL activity by class for the year ended December 31, 2024:


	Commercial												Municipal		Residential				Home Equity		Consumer		Total
Dollars in thousands	Real Estate Owner Occupied		Real Estate Non-Owner Occupied		Construction		C&I		Multifamily		Agriculture				Term		Construction		Revolving and term
For the year ended December 31, 2024
Beginning balance	$	4,633	$	4,285	$	1,978	$	5,001	$	1,318	$	—	$	334	$	4,991	$	618	$	626	$	246	$	24,030
Chargeoffs	—		—		—		(451)		—		—		—		(37)		—		(7)		(252)		(747)
Recoveries	100		—		—		25		—		—		—		32		—		24		103		284
Credit loss expense (reduction)	312		544		(1,034)		789		(79)		605		(72)		255		(144)		43		85		1,304
Ending balance	$	5,045	$	4,829	$	944	$	5,364	$	1,239	$	605	$	262	$	5,241	$	474	$	686	$	182	$	24,871


	Commercial										Municipal		Residential				Home Equity		Consumer		Unallocated		Total
Dollars in thousands	Real Estate Owner Occupied		Real Estate Non-Owner Occupied		Construction		C&I		Multifamily				Term		Construction		Revolving and term
For the year ended December 31, 2023
Beginning balance prior to adoption of ASC 326	$	6,116	$	—	$	821	$	3,097	$	—	$	162	$	2,559	$	199	$	1,029	$	1,062	$	1,678	$	16,723
Chargeoffs	(40)		—		—		(153)		—		—		—		—		(50)		(194)		—		(437)
Recoveries	2		75		—		3		—		—		14		—		13		97		—		204
Credit loss expense (reduction)	241		(105)		214		409		134		40		540		(316)		90		83		—		1,330
Impact of adopting ASC 326	$	(1,686)	$	4,315	$	943	$	1,645	$	1,184	$	132	$	1,878	$	735	$	(456)	$	(802)	$	(1,678)	$	6,210
Ending balance	$	4,633	$	4,285	$	1,978	$	5,001	$	1,318	$	334	$	4,991	$	618	$	626	$	246	$	—	$	24,030