XML 57 R40.htm IDEA: XBRL DOCUMENT v3.25.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Summary of Loan Portfolio, Excluding Residential Loans Held for Sale
The following table presents the loan portfolio by segment and class, excluding residential LHFS, at December 31, 2024 and 2023:
20242023
Commercial real estate:
Owner-occupied$633,567 $373,757 
Non-owner occupied1,160,238 694,638 
Multi-family274,135 150,675 
Non-owner occupied residential179,512 95,040 
Acquisition and development:
1-4 family residential construction47,432 24,516 
Commercial and land development241,424 115,249 
Agricultural125,156 26,847 
Commercial and industrial451,384 340,238 
Municipal30,044 9,812 
Residential mortgage:
First lien460,297 266,239 
Home equity – term5,988 5,078 
Home equity – lines of credit303,561 186,450 
Installment and other loans18,476 9,774 
Total loans$3,931,214 $2,298,313 
Amortized Cost of the Loan Portfolio, by Year of Origination, Loan Class, and Credit Quality
The following table presents the amortized cost basis of the loan portfolio, by year of origination, loan class, and credit quality, as of December 31, 2024 and 2023. For residential and consumer loan classes, the Company also evaluates credit quality based on the aging status of the loan and payment activity. Residential mortgage, installment and other consumer loans are presented below based on payment performance: performing or nonperforming.
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202420242023202220212020PriorRevolving Loans Amortized BasisRevolving Loans Converted to TermTotal
Commercial Real Estate:
Owner-occupied:
Risk rating
Pass$55,068 $86,255 $106,696 $112,278 $31,495 $155,543 $14,653 $280 $562,268 
Special mention— 1,674 18,563 1,895 7,946 5,422 165 — 35,665 
Substandard - Non-IEL— 694 14,572 4,204 2,477 4,899 4,510 — 31,356 
Substandard - IEL— 9 — 1,110 245 2,914 — — 4,278 
Total owner-occupied loans$55,068 $88,632 $139,831 $119,487 $42,163 $168,778 $19,328 $280 $633,567 
Current period gross charge offs - owner-occupied$— $217 $13 $313 $— $12 $— $— $555 
Non-owner occupied:
Risk rating
Pass$82,441 $146,020 $193,131 $326,586 $123,646 $256,212 $2,335 $— $1,130,371 
Special mention— 10,081 2,985 334 7,920 1,919 — — 23,239 
Substandard - Non-IEL482 — 1,049 — 1,043 2,588 — — 5,162 
Substandard - IEL— — — — — 1,466 — — 1,466 
Total non-owner occupied loans$82,923 $156,101 $197,165 $326,920 $132,609 $262,185 $2,335 $— $1,160,238 
Current period gross charge offs - non-owner occupied$— $— $— $— $— $65 $— $— $65 
Multi-family:
Risk rating
Pass$7,269 $12,679 $105,883 $54,028 $30,968 $54,676 $1,351 $— $266,854 
Special mention— — 1,094 — — — — — 1,094 
Substandard - Non-IEL— — 571 4,658 — 237 — — 5,466 
Substandard - IEL— — — — — 721 — — 721 
Total multi-family loans$7,269 $12,679 $107,548 $58,686 $30,968 $55,634 $1,351 $— $274,135 
Current period gross charge offs - multi-family$— $— $— $— $— $7 $— $— $7 
Non-owner occupied residential:
Risk rating
Pass$9,322 $22,771 $29,681 $29,729 $19,410 $64,851 $1,257 $— $177,021 
Special mention— — — 147 42 478 39 — 706 
Substandard - Non-IEL— — 166 133 — 1,311 — — 1,610 
Substandard - IEL— — 43 — — 132 — — 175 
Total non-owner occupied residential loans$9,322 $22,771 $29,890 $30,009 $19,452 $66,772 $1,296 $— $179,512 
Current period gross charge offs - non-owner occupied residential$— $— $— $29 $— $— $— $— $29 
(continued)
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202420242023202220212020PriorRevolving Loans Amortized BasisRevolving Loans Converted to TermTotal
Acquisition and development:
1-4 family residential construction:
Risk rating
Pass$30,908 $7,079 $2,295 $598 $935 $762 $3,921 $— $46,498 
Special mention74 717 — — — 143 — — 934 
Substandard - Non-IEL— — — — — — — — — 
Substandard - IEL— — — — — — — — — 
Total 1-4 family residential construction loans$30,982 $7,796 $2,295 $598 $935 $905 $3,921 $— $47,432 
Current period gross charge offs - 1-4 family residential construction$— $— $— $— $— $— $— $— $— 
Commercial and land development:
Risk rating
Pass$60,420 $57,563 $74,893 $14,107 $372 $6,928 $7,280 $— $221,563 
Special mention734 — 4,557 998 1,841 3,451 — — 11,581 
Substandard - Non-IEL2,966 1,656 — — — — — — 4,622 
Substandard - IEL— 18 3,282 358 — — — — 3,658 
Total commercial and land development loans$64,120 $59,237 $82,732 $15,463 $2,213 $10,379 $7,280 $— $241,424 
Current period gross charge offs - commercial and land development$— $23 $— $— $— $— $— $— $23 
Agricultural
Risk rating
Pass$14,663 $14,507 $21,782 $19,486 $10,463 $28,095 $13,891 $164 $123,051 
Special mention— — — 25 — 902 161 — 1,088 
Substandard - Non-IEL— — 13 — — 207 — — 220 
Substandard - IEL— — 797 — — — — — 797 
Total agricultural loans$14,663 $14,507 $22,592 $19,511 $10,463 $29,204 $14,052 $164 $125,156 
Current period gross charge offs - agricultural$— $1 $— $18 $— $18 $1 $— $38 
Commercial and Industrial:
Risk rating
Pass$82,924 $55,109 $53,482 $49,937 $15,405 $17,215 $137,379 $2,768 $414,219 
Special mention485 2,000 2,477 293 2 23 10,516 — 15,796 
Substandard - Non-IEL— 1,037 2,547 3,409 — 490 8,386 — 15,869 
Substandard - IEL409 2,772 140 191 884 921 183 — 5,500 
Total commercial and industrial loans$83,818 $60,918 $58,646 $53,830 $16,291 $18,649 $156,464 $2,768 $451,384 
Current period gross charge offs - commercial and industrial$— $335 $212 $60 $1,739 $60 $571 $— $2,977 
Municipal:
Risk rating
Pass$1,565 $— $10,006 $3,124 $269 $15,080 $— $— $30,044 
Total municipal loans$1,565 $— $10,006 $3,124 $269 $15,080 $— $— $30,044 
Current period gross charge offs - municipal$— $— $— $— $— $— $— $— $— 
(continued)
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202420242023202220212020PriorRevolving Loans Amortized BasisRevolving Loans Converted to TermTotal
Residential mortgage:
First lien:
Payment performance
Performing$62,970 $101,901 $103,347 $52,420 $25,303 $109,113 $— $— $455,054 
Nonperforming672 308 241 483 218 3,321 — — 5,243 
Total first lien loans$63,642 $102,209 $103,588 $52,903 $25,521 $112,434 $— $— $460,297 
Current period gross charge offs - first lien$— $— $— $— $— $2 $— $— $2 
Home equity - term:
Payment performance
Performing$395 $752 $1,040 $201 $462 $3,068 $— $— $5,918 
Nonperforming— — 36 — — 34 — — 70 
Total home equity - term loans$395 $752 $1,076 $201 $462 $3,102 $— $— $5,988 
Current period gross charge offs - home equity - term$— $— $— $— $— $— $— $— $— 
Home equity - lines of credit:
Payment performance
Performing$— $— $— $— $— $— $200,886 $100,331 $301,217 
Nonperforming— — — — — — 2,048 296 2,344 
Total residential real estate - home equity - lines of credit loans$— $— $— $— $— $— $202,934 $100,627 $303,561 
Current period gross charge offs - home equity - lines of credit$— $— $— $— $— $— $63 $— $63 
Installment and other loans:
Payment performance
Performing$2,197 $2,764 $2,209 $830 $119 $496 $9,817 $19 $18,451 
Nonperforming9 3 — — — 13 — — 25 
Total Installment and other loans$2,206 $2,767 $2,209 $830 $119 $509 $9,817 $19 $18,476 
Current period gross charge offs - installment and other$209 $12 $— $32 $— $33 $21 $— $307 
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202320232022202120202019PriorRevolving Loans Amortized BasisRevolving Loans Converted to TermTotal
Commercial Real Estate:
Owner-occupied:
Risk rating
Pass$50,829 $103,192 $69,888 $21,232 $21,251 $62,634 $4,941 $— $333,967 
Special mention— — 2,517 1,176 — 1,314 — — 5,007 
Substandard - Non-IEL— 9,923 — 6,075 — 2,687 312 — 18,997 
Substandard - IEL— — — 13,366 — 2,420 — — 15,786 
Total owner-occupied loans$50,829 $113,115 $72,405 $41,849 $21,251 $69,055 $5,253 $— $373,757 
Current period gross charge offs - owner-occupied$— $— $— $— $— $— $— $— $— 
Non-owner occupied:
Risk rating
Pass$82,879 $102,212 $235,031 $83,652 $63,176 $120,696 $509 $— $688,155 
Special mention— — — 524 — 2,112 — — 2,636 
Substandard - Non-IEL— — — — — 2,739 — 868 3,607 
Substandard - IEL— — — — — 240 — — 240 
Total non-owner occupied loans$82,879 $102,212 $235,031 $84,176 $63,176 $125,787 $509 $868 $694,638 
Current period gross charge offs - non-owner occupied$— $— $— $— $— $— $— $— $— 
Multi-family:
Risk rating
Pass$2,701 $61,805 $28,541 $12,694 $7,437 $33,895 $117 $— $147,190 
Special mention— — — — 244 2,008 — — 2,252 
Substandard - Non-IEL— — — — — — — — — 
Substandard - IEL— — — — — 1,233 — — 1,233 
Total multi-family loans$2,701 $61,805 $28,541 $12,694 $7,681 $37,136 $117 $— $150,675 
Current period gross charge offs - multi-family$— $— $— $— $— $— $— $— $— 
Non-owner occupied residential:
Risk rating
Pass$10,075 $20,473 $16,947 $7,974 $6,444 $28,319 $1,130 $— $91,362 
Special mention— — — — — 731 — — 731 
Substandard - Non-IEL— — — — — 375 — — 375 
Substandard - IEL2 — 192 1,461 — 917 — — 2,572 
Total non-owner occupied residential loans$10,077 $20,473 $17,139 $9,435 $6,444 $30,342 $1,130 $— $95,040 
Current period gross charge offs - non-owner occupied residential$— $— $— $— $— $12 $— $— $12 
Acquisition and development:
1-4 family residential construction:
Risk rating
Pass$18,820 $5,400 $— $— $— $— $— $— $24,220 
Special mention222 — 74 — — — — — 296 
Substandard - Non-IEL— — — — — — — — — 
Substandard - IEL— — — — — — — — — 
Total 1-4 family residential construction loans$19,042 $5,400 $74 $— $— $— $— $— $24,516 
Current period gross charge offs - 1-4 family residential construction$— $— $— $— $— $— $— $— $— 
(continued)
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202320232022202120202019PriorRevolving Loans Amortized BasisRevolving Loans Converted to TermTotal
Commercial and land development:
Risk rating
Pass$28,829 $48,453 $9,847 $9,927 $110 $1,774 $6,574 $6,936 $112,450 
Special mention— — — 1,001 — 437 — — 1,438 
Substandard - Non-IEL— — — — — — — — — 
Substandard - IEL— — — — — 1,361 — — 1,361 
Total commercial and land development loans$28,829 $48,453 $9,847 $10,928 $110 $3,572 $6,574 $6,936 $115,249 
Current period gross charge offs - commercial and land development$— $— $— $— $— $— $— $— $— 
Agricultural
Risk rating
Pass$2,339 $4,434 $4,102 $3,204 $397 $10,926 $866 $— $26,268 
Special mention— — — — — 357 8 — 365 
Substandard - Non-IEL— — — — — 214 — — 214 
Substandard - IEL— — — — — — — — — 
Total agricultural loans$2,339 $4,434 $4,102 $3,204 $397 $11,497 $874 $— $26,847 
Current period gross charge offs - agricultural$— $— $— $— $— $— $— $— $— 
Commercial and Industrial:
Risk rating
Pass$65,396 $65,236 $63,015 $21,376 $10,356 $9,849 $85,609 $1,522 $322,359 
Special mention— 4,251 4,364 11 552 — 2,250 — 11,428 
Substandard - Non-IEL— — 4,682 — 5 11 1,082 — 5,780 
Substandard - IEL— 69 — 7 — 454 141 — 671 
Total commercial and industrial loans$65,396 $69,556 $72,061 $21,394 $10,913 $10,314 $89,082 $1,522 $340,238 
Current period gross charge offs - commercial and industrial$— $161 $106 $— $— $8 $473 $— $748 
Municipal:
Risk rating
Pass$— $— $3,403 $— $— $6,409 $— $— $9,812 
Total municipal loans$— $— $3,403 $— $— $6,409 $— $— $9,812 
Current period gross charge offs - municipal$— $— $— $— $— $— $— $— $— 
Residential mortgage:
First lien:
Payment performance
Performing$43,641 $71,311 $34,704 $8,056 $7,465 $97,943 $— $638 $263,758 
Nonperforming— — — — 120 2,361 — — 2,481 
Total first lien loans$43,641 $71,311 $34,704 $8,056 $7,585 $100,304 $— $638 $266,239 
Current period gross charge offs - first lien$— $— $— $— $— $58 $— $— $58 
Home equity - term:
Payment performance
Performing$607 $732 $90 $426 $115 $3,105 $— $— $5,075 
Nonperforming— — — — — 3 — — 3 
Total home equity - term loans$607 $732 $90 $426 $115 $3,108 $— $— $5,078 
Current period gross charge offs - home equity - term$— $— $— $— $— $— $— $— $— 
(continued)
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202320232022202120202019PriorRevolving Loans Amortized BasisRevolving Loans Converted to TermTotal
Home equity - lines of credit:
Payment performance
Performing$— $— $— $— $— $— $107,967 $77,171 $185,138 
Nonperforming— — — — — — 1,296 16 1,312 
Total residential real estate - home equity - lines of credit loans$— $— $— $— $— $— $109,263 $77,187 $186,450 
Current period gross charge offs - home equity - lines of credit$— $— $— $— $— $— $40 $— $40 
Installment and other loans:
Payment performance
Performing$758 $413 $332 $106 $670 $947 $6,500 $— $9,726 
Nonperforming3 — — — 33 12 — — 48 
Total Installment and other loans$761 $413 $332 $106 $703 $959 $6,500 $— $9,774 
Current period gross charge offs - installment and other$181 $24 $— $— $4 $10 $28 $— $247 
Schedule Of Amortized Cost Of Nonaccrual Loans By Class, With And Without Loan Allowance For Credit Loss
The following table presents the amortized cost basis of nonaccrual loans, according to loan class, with and without reserves on individually evaluated loans as of December 31, 2024 and 2023. The Company did not recognize interest income on nonaccrual loans for the years ended December 31, 2024 and 2023. During the year ended December 31, 2024, the Company recorded interest income previously applied to principal of $1.6 million from the payoff of a commercial real estate loan, which had an outstanding principal balance of $13.4 million at December 31, 2023.
December 31, 2024December 31, 2023
Nonaccrual loans with a related ACLNonaccrual loans with no related ACLTotal nonaccrual loansLoans Past Due 90+ AccruingNonaccrual loans with a related ACLNonaccrual loans with no related ACLTotal nonaccrual loansLoans Past Due 90+ Accruing
Commercial real estate:
Owner-occupied$232 $4,046 $4,278 $— $— $15,786 $15,786 $— 
Non-owner occupied— 1,466 1,466 — — 240 240 — 
Multi-family— 721 721 237 — 1,233 1,233 — 
Non-owner occupied residential— 175 175 — — 2,572 2,572 — 
Acquisition and development:
1-4 family residential construction— — — — — — — — 
Commercial and land development3,282 376 3,658 — — 1,361 1,361 — 
Agricultural— 797 797 — — — — — 
Commercial and industrial2,822 2,678 5,500 113 68 604 672 — 
Municipal— — — — — — — — 
Residential mortgage:
First lien— 5,077 5,077 243 — 2,309 2,309 66 
Home equity – term36 34 70 18 — 3 3 — 
Home equity – lines of credit— 2,344 2,344 30 — 1,312 1,312 — 
Installment and other loans15 10 25 — 3 36 39 — 
Total$6,387 $17,724 $24,111 $641 $71 $25,456 $25,527 $66 
Schedule Of Amortized Cost Basis Of Collateral-Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans by class as of December 31, 2024:
Type of Collateral
December 31, 2024Business AssetsCommercial Real EstateEquipmentLandResidential Real EstateOtherTotal
Commercial real estate:
Owner occupied$— $4,269 $— $— $— $— $4,269 
Non-owner occupied— 1,463 — — — — 1,463 
Multi-family— 721 — — — — 721 
Non-owner occupied residential— 175 — — — — 175 
Acquisition and development:
Commercial and land development— 3,381 — 277 — — 3,658 
Agricultural— — — 797 — — 797 
Commercial and industrial1,919 — 3,515 — — — 5,434 
Residential mortgage:
First lien— — — — 5,007 — 5,007 
Home equity - term— — — — 70 — 70 
Home equity - lines of credit— — — — 2,344 — 2,344 
Installment and other loans— — 3 — — 9 12 
Total$1,919 $10,009 $3,518 $1,074 $7,421 $9 $23,950 
December 31, 2023
Commercial real estate:
Owner occupied$— $15,786 $— $— $— $— $15,786 
Non-owner occupied— 240 — — — — 240 
Multi-family— 1,233 — — — — 1,233 
Non-owner occupied residential— 2,572 — — — — 2,572 
Acquisition and development:
Commercial and land development— — — 1,361 — — 1,361 
Commercial and industrial2 76 594 — — — 672 
Residential mortgage:
First lien— — — — 2,231 — 2,231 
Home equity - term— — — — 3 — 3 
Home equity - lines of credit— — — — 1,312 — 1,312 
Installment and other loans— — 18 — — — 18 
Total$2 $19,907 $612 $1,361 $3,546 $— $25,428 
Schedule of Loans Modified By Class and Type of Modification and Effectiveness of Modifications
The following table presents the fair value of loans that were both experiencing financial difficulty and modified during the years ended December 31, 2024 and 2023, by loan class and by type of modification. The percentage of loans that were modified to borrowers experiencing difficulty as compared to the loan class is also presented below.
December 31, 2024Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Term Extension and Principal ForgivenessCombination Term Extension and Interest Rate ReductionsTotal Class of Financing Receivable
Commercial real estate:
Owner-occupied$— $— $506 $— $— $— 0.08 %
Multi-family— — 721 — — — 0.26 %
Acquisition and development:
1-4 family residential construction— — 143 — — — 0.30 %
Commercial and land development— — 4,557 — — — 1.89 %
Commercial and industrial— — 66 3,263 — — 0.74 %
$— $— $5,993 $3,263 $— $— 
December 31, 2023
Acquisition and development:
Commercial and land development$— $— $1,361 $— $— $— 1.18 %
Installment and other loans— — 9 — — — 0.09 %
$— $— $1,370 $— $— $— 
The Company monitors the performance of the modified loans to borrowers experiencing financial difficulty to determine the effectiveness of its modification efforts. The following table presents the performance of the modified loans in the previous twelve months:
December 31, 2024Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueTotalNon-Accrual
Commercial real estate:
Owner-occupied$— $— $— $— $— $506 
Multi-family— — — — — 721 
Acquisition and development:
1-4 family residential construction143 — — — 143 — 
Commercial and land development4,557 — — — 4,557 — 
Commercial and industrial66 — — — 66 3,263 
Total:$4,766 $— $— $— $4,766 $4,490 
December 31, 2023
Commercial and land development$— $— $— $— $— $1,361 
Installment and other loans9 — — — 9 — 
Total:$9 $— $— $— $9 $1,361 
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the years ended December 31, 2024 and 2023:
December 31, 2024Principal ForgivenessWeighted Average interest Rate ReductionWeighted Average Term Extension (in years)
Commercial real estate:
Owner-occupied$— 4.0 %2.0
Multi-family— — %1.0
Acquisition and development:
1-4 family residential construction— — %1.0
Commercial and land development— — %1.0
Commercial and industrial— 0.7 %4.0
December 31, 2023
Acquisition and development:
Commercial and land development— — %1.0
Installment and other loans— — %1.1
Schedule of Classes of Loan Portfolio Summarized by Aging Categories The following table presents the classes of the loan portfolio summarized by aging categories at December 31, 2024:
30-59 Days Past Due60-89 Days Past Due90+ Days Past DueTotal
Past Due		Loans Not Past DueTotal
Loans
December 31, 2024
Commercial real estate:
Owner occupied$1,753 $2,070 $1,433 $5,256 $628,311 $633,567 
Non-owner occupied1,251 148 72 1,471 1,158,767 1,160,238 
Multi-family124 — 237 361 273,774 274,135 
Non-owner occupied residential1,383 115 65 1,563 177,949 179,512 
Acquisition and development:
1-4 family residential construction1,540 532 — 2,072 45,360 47,432 
Commercial and land development818 — 3,301 4,119 237,305 241,424 
Agricultural466 845 — 1,311 123,845 125,156 
Commercial and industrial410 280 4,459 5,149 446,235 451,384 
Municipal237 — — 237 29,807 30,044 
Residential mortgage:
First lien17,534 4,827 2,822 25,183 435,114 460,297 
Home equity - term37 69 18 124 5,864 5,988 
Home equity - lines of credit3,612 318 1,208 5,138 298,423 303,561 
Installment and other loans94 11 12 117 18,359 18,476 
$29,259 $9,215 $13,627 $52,101 $3,879,113 $3,931,214 
December 31, 2023
Commercial real estate:
Owner occupied$13,852 $— $117 $13,969 $359,788 $373,757 
Non-owner occupied152 — — 152 694,486 694,638 
Multi-family— — — — 150,675 150,675 
Non-owner occupied residential— — 192 192 94,848 95,040 
Acquisition and development:
1-4 family residential construction— — — — 24,516 24,516 
Commercial and land development16 — — 16 115,233 115,249 
Commercial and industrial27 69 625 721 366,364 367,085 
Municipal— — — — 9,812 9,812 
Residential mortgage:
First lien5,433 1,058 721 7,212 259,027 266,239 
Home equity - term20 2 — 22 5,056 5,078 
Home equity - lines of credit1,801 100 839 2,740 183,710 186,450 
Installment and other loans84 28 19 131 9,643 9,774 
$21,385 $1,257 $2,513 $25,155 $2,273,158 $2,298,313 
Summary of Activity in the ALL and Ending Loan Balances Individually Evaluated for Impairment Based on Loan Segment
The following table presents the activity in the ACL, including the impact of adopting CECL, for the years ended December 31, 2024 and 2023, and the activity in the ALL for the year ended December 31, 2022.
 CommercialConsumer  
Commercial
Real Estate
Acquisition
and
Development
Agricultural
Commercial
and
Industrial
MunicipalTotal
Residential
Mortgage
Installment
and Other
TotalUnallocatedTotal
December 31, 2024
Balance, beginning of year$17,873 $2,241 $437 $5,369 $157 $26,077 $2,424 $201 $2,625 $— $28,702 
Allowance established for acquired PCD Loans1,321 2,535 2 1,947 — 5,805 105 10 115 — 5,920 
Provision for credit losses10,963 1,809 (292)1,467 163 14,110 2,696 602 3,298 — 17,408 
Charge-offs(656)(23)(38)(2,977)— (3,694)(65)(307)(372)— (4,066)
Recoveries50 39 1 384 — 474 80 171 251 — 725 
Balance, end of year$29,551 $6,601 $110 $6,190 $320 $42,772 $5,240 $677 $5,917 $— $48,689 
December 31, 2023
Balance, beginning of year$13,558 $3,214 $218 $4,287 $24 $21,301 $3,444 $188 $3,632 $245 $25,178 
Impact of adopting ASC 3262,857 (214)200 728 169 3,740 (1,121)49 (1,072)(245)2,423 
Provision for credit losses1,360 (764)19 1,004 (36)1,583 6 93 99 — 1,682 
Charge-offs(12)— — (748)— (760)(98)(247)(345)— (1,105)
Recoveries110 5 — 98 — 213 193 118 311 — 524 
Balance, end of year
$17,873 $2,241 $437 $5,369 $157 $26,077 $2,424 $201 $2,625 $— $28,702 
December 31, 2022
Balance, beginning of year$12,037 $2,062 $197 $3,617 $30 $17,943 $2,785 $215 $3,000 $237 $21,180 
Provision for loan losses1,489 1,142 21 619 (6)3,265 669 218 887 8 4,160 
Charge-offs— — — — — — (50)(360)(410)— (410)
Recoveries32 10 — 51 — 93 40 115 155 — 248 
Balance, end of year$13,558 $3,214 $218 $4,287 $24 $21,301 $3,444 $188 $3,632 $245 $25,178