Allowance for Credit Losses on Loans (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Changes in Allowance for Credit Losses

Changes in the allowance for credit losses for the years ended December 31, 2025 and 2024 were as follows:

	December 31,
	2025			2024
	(in thousands)
Balance, beginning	$	15,027		$	14,493
Provision charged to operating expense		3,880			2,525
Recoveries added to the allowance		559			853
Credit losses charged to the allowance		(4,146	)		(2,844	)
Balance, ending	$	15,320		$	15,027

Nonaccrual And Past Due Loans By Class

Past due and nonaccrual loans by class at December 31, 2025 were as follows:

	December 31, 2025
	(in thousands)
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans		90 or More Days Past Due Still Accruing
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	428	$	428	$	81,908	$	82,336	$	—
HELOCs		112		—		160		272		58,368		58,640		—
Residential First Lien - Investor		—		391		98		489		106,818		107,307		—
Residential First Lien - Owner Occupied		467		85		24		576		178,231		178,807		—
Residential Junior Liens		57		—		—		57		10,667		10,724		—
Commercial - Owner Occupied		—		—		4,738		4,738		294,115		298,853		—
Commercial - Non-Owner Occupied & Multifamily		1,913		—		5,348		7,261		391,665		398,926		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		4		4		—
Other commercial and industrial loans		240		363		2,311		2,914		110,306		113,220		—
Marine loans		—		—		—		—		175,639		175,639		—
Consumer loans		128		9		60		197		28,545		28,742		60
Overdrafts		—		—		—		—		318		318		—
Other loans		—		—		—		—		13,946		13,946		—
Total	$	2,917	$	848	$	13,167	$	16,932	$	1,450,530	$	1,467,462	$	60

	December 31, 2025
	(in thousands)
	Nonaccruals with No Allowance for Credit Losses		Nonaccruals with an Allowance for Credit Losses		Nonaccrual Loans
Mortgage real estate loans:
Construction & Secured by Farmland	$	428	$	—	$	428
HELOCs		160		—		160
Residential First Lien - Investor		98		—		98
Residential First Lien - Owner Occupied		494		—		494
Residential Junior Liens		—		—		—
Commercial - Owner Occupied		2,894		1,844		4,738
Commercial - Non-Owner Occupied & Multifamily		5,348		—		5,348
Commercial and industrial loans:
SBA PPP loans		—		—		—
Other commercial and industrial loans		2,253		879		3,132
Marine loans		—		—		—
Consumer loans		—		—		—
Overdrafts		—		—		—
Other loans		—		—		—
Total	$	11,675	$	2,723	$	14,398

Past due and nonaccrual loans by class at December 31, 2024 were as follows:

	December 31, 2024
	(in thousands)
	30 - 59 Days Past Due		60 - 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans		90 or More Past Due Still Accruing
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	—	$	—	$	95,200	$	95,200	$	—
HELOCs		21		—		—		21		50,625		50,646		—
Residential First Lien - Investor		—		98		—		98		105,812		105,910		—
Residential First Lien - Owner Occupied		—		28		247		275		193,790		194,065		—
Residential Junior Liens		13		—		—		13		11,171		11,184		—
Commercial - Owner Occupied		2,212		—		—		2,212		270,024		272,236		—
Commercial - Non-Owner Occupied & Multifamily		—		—		—		—		367,680		367,680		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		28		28		—
Other commercial and industrial loans		922		84		80		1,086		109,229		110,315		—
Marine loans		—		—		—		—		210,095		210,095		—
Consumer loans		673		6		138		817		30,200		31,017		—
Overdrafts		—		—		—		—		309		309		—
Other loans		—		—		—		—		11,911		11,911		—
Total	$	3,841	$	216	$	465	$	4,522	$	1,456,074	$	1,460,596	$	—

	December 31, 2024
	(in thousands)
	Nonaccruals with No Allowance for Credit Losses		Nonaccruals with an Allowance for Credit Losses		Nonaccrual Loans
Mortgage real estate loans:
Construction & Secured by Farmland	$	—	$	—	$	—
HELOCs		—		—		—
Residential First Lien - Investor		—		—		—
Residential First Lien - Owner Occupied		347		—		347
Residential Junior Liens		—		—		—
Commercial - Owner Occupied		739		—		739
Commercial - Non-Owner Occupied & Multifamily		—		—		—
Commercial and industrial loans:
SBA PPP loans		—		—		—
Other commercial and industrial loans		—		903		903
Marine loans		—		—		—
Consumer loans		83		—		83
Overdrafts		—		—		—
Other loans		—		—		—
Total	$	1,169	$	903	$	2,072

Allowance For Loan Losses By Segment

Allowance for credit losses by segment as of and for the years ended December 31, 2025 and December 31, 2024 were as follows:

	December 31, 2025
	(in thousands)
	Construction and Farmland			Residential Real Estate			Commercial Real Estate & Multi Family			Commercial			Marine			Consumer			All Other Loans			Unallocated		Total
Allowance for credit losses:
Beginning Balance	$	2,387		$	2,318		$	7,251		$	1,433		$	1,279		$	238		$	121		$	—	$	15,027
Charge-Offs		—			(31	)		(2,771	)		(485	)		(580	)		(140	)		(139	)		—		(4,146	)
Recoveries		5			308			—			153			—			46			47			—		559
Provision		(1,117	)		565			3,683			211			11			86			441			—		3,880
Ending balance	$	1,275		$	3,160		$	8,163		$	1,312		$	710		$	230		$	470		$	—	$	15,320
Ending balance: Individually evaluated	$	—		$	—		$	49		$	418		$	—		$	—		$	—		$	—	$	467
Ending balance: collectively evaluated	$	1,275		$	3,160		$	8,114		$	894		$	710		$	230		$	470		$	—	$	14,853
Loans:
Ending balance	$	82,336		$	355,478		$	697,779		$	113,224		$	175,639		$	28,742		$	14,264		$	—	$	1,467,462
Ending balance individually evaluated	$	428		$	728		$	10,086		$	3,113		$	—		$	—		$	—		$	—	$	14,355
Ending balance collectively evaluated	$	81,908		$	354,750		$	687,693		$	110,111		$	175,639		$	28,742		$	14,264		$	—	$	1,453,107
	December 31, 2024
	(in thousands)
	Construction and Farmland			Residential Real Estate			Commercial Real Estate & Multi Family			Commercial			Marine			Consumer			All Other Loans			Unallocated		Total
Allowance for credit losses:
Beginning Balance	$	772		$	4,725		$	6,224		$	1,027		$	1,153		$	198		$	394		$	—	$	14,493
Charge-Offs		(94	)		(277	)		(7	)		(238	)		(1,778	)		(309	)		(141	)		—		(2,844	)
Recoveries		102			347			162			67			—			150			25			—		853
Provision		1,607			(2,477	)		872			577			1,904			199			(157	)		—		2,525
Ending balance	$	2,387		$	2,318		$	7,251		$	1,433		$	1,279		$	238		$	121		$	—	$	15,027
Ending balance: Individually evaluated	$	—		$	—		$	—		$	248		$	—		$	—		$	—		$	—	$	248
Ending balance: collectively evaluated	$	2,387		$	2,318		$	7,251		$	1,185		$	1,279		$	238		$	121		$	—	$	14,779
Loans:
Ending balance	$	95,200		$	361,805		$	639,916		$	110,343		$	210,095		$	31,017		$	12,220		$	—	$	1,460,596
Ending balance individually evaluated	$	—		$	318		$	739		$	908		$	—		$	83		$	—		$	—	$	2,048
Ending balance collectively evaluated	$	95,200		$	361,487		$	639,177		$	109,435		$	210,095		$	30,934		$	12,220		$	—	$	1,458,548

Schedule of amortized cost basis of collateral-dependent loans

The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:

	December 31, 2025						December 31, 2024
	(in thousands)						(in thousands)
(in thousands)	Real Estate Collateral		Other Collateral		Total		Real Estate Collateral		Other Collateral		Total
Mortgage real estate loans:
Construction & Secured by Farmland	$	428	$	—	$	428	$	—	$	—	$	—
HELOCs		160		—		160		—		—		—
Residential First Lien - Investor		98		—		98		—		—		—
Residential First Lien - Owner Occupied		470		—		470		318		—		318
Residential Junior Liens		—		—		—		—		—		—
Commercial - Owner Occupied		4,738		—		4,738		739		—		739
Commercial - Non-Owner Occupied & Multifamily		5,348		—		5,348		—		—		—
Commercial and industrial loans:
SBA PPP loans		—		—		—		—		—		—
Other commercial and industrial loans		—		3,113		3,113		—		908		908
Marine loans		—		—		—		—		—		—
Consumer loans		—		—		—		83		—		83
Overdrafts		—		—		—		—		—		—
Other loans		—		—		—		—		—		—
Total	$	11,242	$	3,113	$	14,355	$	1,140	$	908	$	2,048

Credit Quality Information By Class

Credit quality information by class at December 31, 2025 was as follows:

December 31, 2025
	Term Loan Amortized Cost Basis by Origination Year
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Mortgage real estate loans:
Construction & Secured by Farmland
Pass	$	17,680	$	37,736	$	6,684	$	6,158	$	3,089	$	6,643	$	1,144	$	308	$	79,442
Special Mention		1,788		655		—		—		—		—		—		—		2,443
Classified		—		—		428		—		—		23		—		—		451
Total	$	19,468	$	38,391	$	7,112	$	6,158	$	3,089	$	6,666	$	1,144	$	308	$	82,336
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	58,439	$	—	$	58,439
Special Mention		—		—		—		—		—		—		41		—		41
Classified		—		—		—		—		—		—		160		—		160
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	58,640	$	—	$	58,640
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	31	$	—	$	31
Residential First Lien - Investor
Pass	$	19,774	$	6,261	$	10,174	$	15,545	$	23,908	$	25,060	$	—	$	900	$	101,622
Special Mention		—		—		685		—		3,025		925		—		—		4,635
Classified		—		952		—		98		—		—		—		—		1,050
Total	$	19,774	$	7,213	$	10,859	$	15,643	$	26,933	$	25,985	$	—	$	900	$	107,307
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential First Lien - Owner Occupied
Pass	$	13,144	$	18,396	$	47,588	$	28,716	$	21,399	$	45,468	$	—	$	250	$	174,961
Special Mention		—		41		277		—		—		2,784		—		—		3,102
Classified		—		—		—		—		—		744		—		—		744
Total	$	13,144	$	18,437	$	47,865	$	28,716	$	21,399	$	48,996	$	—	$	250	$	178,807
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential Junior Liens
Pass	$	1,763	$	628	$	1,547	$	1,843	$	2,541	$	2,028	$	—	$	161	$	10,511
Special Mention		—		—		149		—		—		64		—		—		213
Classified		—		—		—		—		—		—		—		—		—
Total	$	1,763	$	628	$	1,696	$	1,843	$	2,541	$	2,092	$	—	$	161	$	10,724
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial - Owner Occupied
Pass	$	36,319	$	24,619	$	46,689	$	69,524	$	25,728	$	61,040	$	3,046	$	2,736	$	269,701
Special Mention		—		1,371		920		3,336		5,879		12,908		—		—		24,414
Classified		—		1,844		699		—		2,195		—		—		—		4,738
Total	$	36,319	$	27,834	$	48,308	$	72,860	$	33,802	$	73,948	$	3,046	$	2,736	$	298,853
Current period gross charge-offs	$	—	$	468	$	37	$	—	$	8	$	—	$	—	$	—	$	513
Commercial - Non-Owner Occupied & Multifamily
Pass	$	68,609	$	25,254	$	53,637	$	72,478	$	48,985	$	94,990	$	7,909	$	4,838	$	376,700
Special Mention		—		271		2,053		4,153		3,728		6,673		—		—		16,878
Classified		—		—		—		1,132		4,216		—		—		—		5,348
Total	$	68,609	$	25,525	$	55,690	$	77,763	$	56,929	$	101,663	$	7,909	$	4,838	$	398,926
Current period gross charge-offs	$	1,184	$	—	$	—	$	257	$	817	$	—	$	—	$	—	$	2,258
Commercial and industrial loans:
SBA PPP loans
Pass	$	—	$	—	$	—	$	—	$	4	$	—	$	—	$	—	$	4
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	4	$	—	$	—	$	—	$	4

December 31, 2025
	Term Loan Amortized Cost Basis by Origination Year
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial and industrial loans
Pass	$	23,186	$	15,740	$	6,112	$	9,317	$	4,531	$	4,746	$	41,305	$	2,125	$	107,062
Special Mention		—		2,802		—		—		—		216		—		8		3,026
Classified		48		113		1,725		461		19		—		766		—		3,132
Total	$	23,234	$	18,655	$	7,837	$	9,778	$	4,550	$	4,962	$	42,071	$	2,133	$	113,220
Current period gross charge-offs	$	—	$	96	$	184	$	85	$	—	$	—	$	120	$	—	$	485
Marine loans
Pass	$	—	$	—	$	60,223	$	92,924	$	22,191	$	301	$	—	$	—	$	175,639
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	60,223	$	92,924	$	22,191	$	301	$	—	$	—	$	175,639
Current period gross charge-offs	$	—	$	—	$	314	$	266	$	—	$	—	$	—	$	—	$	580
Consumer loans
Pass	$	2,237	$	1,643	$	1,072	$	9,713	$	4,665	$	7,525	$	1,870	$	—	$	28,725
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		17		—		17
Total	$	2,237	$	1,643	$	1,072	$	9,713	$	4,665	$	7,525	$	1,887	$	—	$	28,742
Current period gross charge-offs	$	—	$	6	$	30	$	2	$	6	$	8	$	88	$	—	$	140
Overdrafts
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Special Mention		—		—		—		—		—		—		—		—		—
Classified		318		—		—		—		—		—		—		—		318
Total	$	318	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	318
Current period gross charge-offs	$	139	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	139
Other loans
Pass	$	4,250	$	—	$	40	$	7,515	$	—	$	2,102	$	39	$	—	$	13,946
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	4,250	$	—	$	40	$	7,515	$	—	$	2,102	$	39	$	—	$	13,946
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total by Risk Category
Pass	$	186,962	$	130,277	$	233,766	$	313,733	$	157,041	$	249,903	$	113,752	$	11,318	$	1,396,752
Special Mention		1,788		5,140		4,084		7,489		12,632		23,570		41		8		54,752
Classified		366		2,909		2,852		1,691		6,430		767		943		—		15,958
Total	$	189,116	$	138,326	$	240,702	$	322,913	$	176,103	$	274,240	$	114,736	$	11,326	$	1,467,462
Total current period gross charge-offs	$	1,323	$	570	$	565	$	610	$	831	$	8	$	239	$	—	$	4,146

Credit quality information by class at December 31, 2024 was as follows:

December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
(in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Mortgage real estate loans:
Construction & Secured by Farmland
Pass	$	33,338	$	25,777	$	13,722	$	3,830	$	4,758	$	3,908	$	3,055	$	—	$	88,388
Special Mention		—		6,781		—		—		—		—		—		—		6,781
Classified		—		—		—		—		—		31		—		—		31
Total	$	33,338	$	32,558	$	13,722	$	3,830	$	4,758	$	3,939	$	3,055	$	—	$	95,200
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	94					$	94
HELOCs
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	50,454	$	—	$	50,454
Special Mention		—		—		—		—		—		—		192		—		192
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	50,646	$	—	$	50,646
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	14	$	—	$	14
Residential First Lien - Investor
Pass	$	7,567	$	15,074	$	18,816	$	27,722	$	10,729	$	21,201	$	—	$	559	$	101,668
Special Mention		—		696		370		1,053		—		295		—		—		2,414
Classified		—		—		—		—		—		—		—		1,828		1,828
Total	$	7,567	$	15,770	$	19,186	$	28,775	$	10,729	$	21,496	$	—	$	2,387	$	105,910
Current period gross charge-offs	$	—	$	—	$	—	$	150	$	—	$	—	$	—	$	—	$	150
Residential First Lien - Owner Occupied
Pass	$	25,982	$	57,230	$	33,257	$	22,387	$	33,514	$	19,438	$	—	$	387	$	192,195
Special Mention		45		623		—		—		—		592		—		—		1,260
Classified		—		—		—		—		—		610		—		—		610
Total	$	26,027	$	57,853	$	33,257	$	22,387	$	33,514	$	20,640	$	—	$	387	$	194,065
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	103	$	—	$	—	$	103
Residential Junior Liens
Pass	$	991	$	2,191	$	2,484	$	2,942	$	555	$	1,762	$	—	$	175	$	11,100
Special Mention		—		—		—		—		70		—		—		—		70
Classified		—		—		—		—		—		—		—		14		14
Total	$	991	$	2,191	$	2,484	$	2,942	$	625	$	1,762	$	—	$	189	$	11,184
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	10	$	—	$	—	$	10
Commercial - Owner Occupied
Pass	$	29,892	$	32,228	$	75,213	$	36,558	$	21,827	$	45,648	$	2,623	$	2,856	$	246,845
Special Mention		—		364		3,995		5,523		—		14,770		—		—		24,652
Classified		—		—		—		739		—		—		—		—		739
Total	$	29,892	$	32,592	$	79,208	$	42,820	$	21,827	$	60,418	$	2,623	$	2,856	$	272,236
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	—	$	7
Commercial - Non-Owner Occupied & Multifamily
Pass	$	28,275	$	43,596	$	106,921	$	55,945	$	65,561	$	44,949	$	5,397	$	5,834	$	356,478
Special Mention		—		—		1,384		7,584		1,446		788		—		—		11,202
Classified		—		—		—		—		—		—		—		—		—
Total	$	28,275	$	43,596	$	108,305	$	63,529	$	67,007	$	45,737	$	5,397	$	5,834	$	367,680
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans:
SBA PPP loans
Pass	$	—	$	—	$	—	$	28	$	—	$	—	$	—	$	—	$	28
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	28	$	—	$	—	$	—	$	—	$	28

Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial and industrial loans
Pass	$	28,978	$	8,605	$	17,187	$	4,512	$	3,324	$	3,614	$	37,618	$	2,064	$	105,902
Special Mention		411		1,095		—		1,915		—		3		—		86		3,510
Classified		—		903		—		—		—		—		—		—		903
Total	$	29,389	$	10,603	$	17,187	$	6,427	$	3,324	$	3,617	$	37,618	$	2,150	$	110,315
Current period gross charge-offs	$	—	$	32	$	8	$	—	$	63	$	—	$	135	$	—	$	238
Marine loans
Pass	$	—	$	68,970	$	110,481	$	30,011	$	633	$	—	$	—	$	—	$	210,095
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	68,970	$	110,481	$	30,011	$	633	$	—	$	—	$	—	$	210,095
Current period gross charge-offs	$	—	$	1,371	$	199	$	208	$	—	$	—	$	—	$	—	$	1,778
Consumer loans
Pass	$	2,700	$	1,987	$	10,787	$	5,274	$	7,221	$	1,117	$	1,834	$	13	$	30,933
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		84		—		—		—		—		84
Total	$	2,700	$	1,987	$	10,787	$	5,358	$	7,221	$	1,117	$	1,834	$	13	$	31,017
Current period gross charge-offs	$	—	$	13	$	4	$	47	$	167	$	—	$	78	$	—	$	309
Overdrafts
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Special Mention		—		—		—		—		—		—		—		—		—
Classified		309		—		—		—		—		—		—		—		309
Total	$	309	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	309
Current period gross charge-offs	$	141	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	141
Other loans
Pass	$	—	$	54	$	9,500	$	—	$	—	$	2,281	$	76	$	—	$	11,911
Special Mention		—		—		—		—		—		—		—		—		—
Classified		—		—		—		—		—		—		—		—		—
Total	$	—	$	54	$	9,500	$	—	$	—	$	2,281	$	76	$	—	$	11,911
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total by Risk Category
Pass	$	157,723	$	255,712	$	398,368	$	189,209	$	148,122	$	143,918	$	101,057	$	11,888	$	1,405,997
Special Mention		456		9,559		5,749		16,075		1,516		16,448		192		86		50,081
Classified		309		903		—		823		—		641		—		1,842		4,518
Total	$	158,488	$	266,174	$	404,117	$	206,107	$	149,638	$	161,007	$	101,249	$	13,816	$	1,460,596
Total current period gross charge-offs	$	141	$	1,416	$	211	$	405	$	230	$	214	$	227	$	—	$	2,844