XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]  
LOANS AND ALLOWANCE FOR CREDIT LOSSES
NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans are comprised of the following:

 
March 31,
2025
    
December 31,
2024
  
             
Residential real estate
  
$
348,826
    
$
373,534
  
Commercial real estate:
                
Owner-occupied
    
89,936
      
86,471
  
Nonowner-occupied
    
211,610
      
206,847
  
Construction
    
79,433
      
79,669
  
Commercial and industrial
    
164,630
      
158,440
  
Consumer:
                
Automobile
    
45,595
      
50,246
  
Home equity
    
43,369
      
42,473
  
Other
    
59,897
      
64,145
  
     
1,043,296
      
1,061,825
  
Less:  Allowance for credit losses
    
(10,139
)
    
(10,088
)
                 
Loans, net
  
$
1,033,157
    
$
1,051,737
  

At March 31, 2025 and December 31, 2024, net deferred loan origination costs were $234 and $363, respectively. At March 31, 2025 and December 31, 2024, net unamortized loan purchase premiums were $355 and $398, respectively.

The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of March 31, 2025 and December 31, 2024:

March 31, 2025
  
Loans Past Due
90 Days And
Still Accruing
    
Nonaccrual
Loans With No
ACL
    
Nonaccrual
Loans With an
ACL
    
Total
Nonaccrual
Loans
  
                         
Residential real estate
  
$
37
    
$
—
    
$
1,967
    
$
1,967
  
Commercial real estate:
                                
Owner-occupied
    
—
      
671
      
136
      
807
  
Nonowner-occupied
    
—
      
—
      
143
      
143
  
Construction
    
—
      
—
      
—
      
—
  
Commercial and industrial
    
—
      
962
      
308
      
1,270
  
Consumer:
                                
Automobile
    
16
      
—
      
335
      
335
  
Home equity
    
—
      
25
      
255
      
280
  
Other
    
16
      
—
      
139
      
139
  
Total
  
$
69
    
$
1,658
    
$
3,283
    
$
4,941
  

December 31, 2024
  
Loans Past Due
90 Days And
Still Accruing
    
Nonaccrual
Loans With No
ACL
    
Nonaccrual
Loans With an
ACL
    
Total
Nonaccrual
Loans
  
                         
Residential real estate
  
$
49
    
$
—
    
$
1,931
    
$
1,931
  
Commercial real estate:
                                
Owner-occupied
    
—
      
680
      
136
      
816
  
Nonowner-occupied
    
—
      
—
      
158
      
158
  
Construction
    
—
      
—
      
—
      
—
  
Commercial and industrial
    
—
      
962
      
90
      
1,052
  
Consumer:
                                
Automobile
    
39
      
—
      
379
      
379
  
Home equity
    
—
      
26
      
338
      
364
  
Other
    
28
      
—
      
117
      
117
  
Total
  
$
116
    
$
1,668
    
$
3,149
    
$
4,817
  

The Company recognized $18 and $4 of interest income in nonaccrual loans during the three months ended March 31, 2025 and 2024, respectively.

The following table presents the aging of the recorded investment of past due loans by class of loans as of March 31, 2025 and December 31, 2024:

March 31, 2025
  
30-59
Days
Past Due
    
60-89
Days
Past Due
    
90 Days
Or More
Past Due
    
Total
Past Due
    
Loans Not
Past Due
    
Total
  
                                     
Residential real estate
  
$
4,548
    
$
717
    
$
642
    
$
5,907
    
$
342,919
    
$
348,826
  
Commercial real estate:
                                                
Owner-occupied
    
1,060
      
—
      
807
      
1,867
      
88,069
      
89,936
  
Nonowner-occupied
    
2,376
      
—
      
-
      
2,376
      
209,234
      
211,610
  
Construction
    
-
      
—
      
—
      
-
      
79,433
      
79,433
  
Commercial and industrial
    
48
      
14
      
1,256
      
1,318
      
163,312
      
164,630
  
Consumer:
                                                
Automobile
    
708
      
351
      
153
      
1,212
      
44,383
      
45,595
  
Home equity
    
369
      
235
      
125
      
729
      
42,640
      
43,369
  
Other
    
285
      
108
      
83
      
476
      
59,421
      
59,897
  
Total
  
$
9,394
    
$
1,425
    
$
3,066
    
$
13,885
    
$
1,029,411
    
$
1,043,296
  

December 31, 2024
  
30-59
Days
Past Due
    
60-89
Days
Past Due
    
90 Days
Or More
Past Due
    
Total
Past Due
    
Loans Not
Past Due
    
Total
  
                                     
Residential real estate
  
$
3,294
    
$
1,097
    
$
984
    
$
5,375
    
$
368,159
    
$
373,534
  
Commercial real estate:
                                                
Owner-occupied
    
773
      
—
      
816
      
1,589
      
84,882
      
86,471
  
Nonowner-occupied
    
2,294
      
—
      
—
      
2,294
      
204,553
      
206,847
  
Construction
    
—
      
—
      
—
      
—
      
79,669
      
79,669
  
Commercial and industrial
    
533
      
58
      
745
      
1,336
      
157,104
      
158,440
  
Consumer:
                                                
Automobile
    
791
      
414
      
349
      
1,554
      
48,692
      
50,246
  
Home equity
    
402
      
141
      
243
      
786
      
41,687
      
42,473
  
Other
    
716
      
260
      
98
      
1,074
      
63,071
      
64,145
  
Total
  
$
8,803
    
$
1,970
    
$
3,235
    
$
14,008
    
$
1,047,817
    
$
1,061,825
  

Credit Quality Indicators:

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. These risk categories are represented by a loan grading scale from 1 through 11. The Company analyzes loans individually with a higher credit risk rating and groups these loans into categories called “criticized” and ”classified” assets. The Company considers its criticized assets to be loans that are graded 8 and its classified assets to be loans that are graded 9 through 11. The Company’s risk categories are reviewed at least annually on loans that have aggregate borrowing amounts that meet or exceed.

The Company uses the following definitions for its criticized loan risk ratings:

Special Mention.  Loans classified as “special mention” are graded 8 and indicate considerable risk due to deterioration of repayment (in the earliest stages) due to potential weak primary repayment source, or payment delinquency.  These loans will be under constant supervision, are not classified and do not expose the institution to sufficient risks to warrant classification.  These deficiencies should be correctable within the normal course of business, although significant changes in company structure or policy may be necessary to correct the deficiencies.  These loans are considered bankable assets with no apparent loss of principal or interest envisioned.  The perceived risk in continued lending is considered to have increased beyond the level where such loans would normally be granted.



The Company uses the following definitions for its classified loan risk ratings:

Substandard.  Loans classified as “substandard” are graded 9 and represent very high risk, serious delinquency, nonaccrual, or unacceptable credit. Repayment through the primary source of repayment is in jeopardy due to the existence of one or more well-defined weaknesses, and the collateral pledged may inadequately protect collection of the loans. Loss of principal is not likely if weaknesses are corrected, although financial statements normally reveal significant weakness. Loans are still considered collectible, although loss of principal is more likely than with special mention loans. Collateral liquidation is considered likely to satisfy debt.

Doubtful.  Loans classified as “doubtful” are graded 10 and display a high probability of loss, although the amount of actual loss at the time of classification is undetermined. This classification should be temporary until such time that actual loss can be identified, or improvements are made to reduce the seriousness of the classification. These loans exhibit all substandard characteristics with the addition that weaknesses make collection or liquidation in full highly questionable and improbable. This classification consists of loans where the possibility of loss is high after collateral liquidation based upon existing facts, market conditions, and value. Loss is deferred until certain important and reasonable specific pending factors that may strengthen the credit can be more accurately determined. These factors may include proposed acquisitions, liquidation procedures, capital injection, receipt of additional collateral, mergers, or refinancing plans. A doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded substandard.

Loss.  Loans classified as “loss” are graded 11 and are considered uncollectible and are of such little value that their continuance as bankable assets is not warranted.  This classification does not mean that the credit has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset yielding such a minimum value even though partial recovery may be affected in the future.  Amounts classified as loss should be promptly charged off.

As of March 31, 2025 and December 31, 2024, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Owner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
3,440
    
$
13,846
    
$
19,090
    
$
7,376
    
$
5,561
    
$
19,748
    
$
529
    
$
69,590
  
     Special Mention
    
—
      
—
      
—
      
—
      
12,725
      
1,388
      
299
      
14,412
  
        Substandard
    
—
      
76
      
—
      
—
      
4,287
      
971
      
600
      
5,934
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
3,440
    
$
13,922
    
$
19,090
    
$
7,376
    
$
22,573
    
$
22,107
    
$
1,428
    
$
89,936
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Nonowner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
5,162
    
$
36,403
    
$
12,095
    
$
30,532
    
$
30,918
    
$
84,077
    
$
6,285
    
$
205,472
  
     Special Mention
    
—
      
—
      
1,634
      
—
      
—
      
—
      
—
      
1,634
  
        Substandard
    
—
      
219
      
—
      
987
      
—
      
3,298
      
—
      
4,504
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
5,162
    
$
36,622
    
$
13,729
    
$
31,519
    
$
30,918
    
$
87,375
    
$
6,285
    
$
211,610
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Construction
                                                
     Risk Rating
                                                
        Pass
  
$
1,980
    
$
13,907
    
$
30,124
    
$
28,325
    
$
1,103
    
$
2,859
    
$
470
    
$
78,768
  
     Special Mention
    
—
      
—
      
—
      
—
      
—
      
34
      
—
      
34
  
        Substandard
    
—
      
—
      
631
      
—
      
—
      
—
      
—
      
631
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
1,980
    
$
13,907
    
$
30,755
    
$
28,325
    
$
1,103
    
$
2,893
    
$
470
    
$
79,433
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial and Industrial
                                                
     Risk Rating
                                                
        Pass
  
$
4,144
    
$
16,896
    
$
7,231
    
$
23,701
    
$
31,839
    
$
44,992
    
$
22,231
    
$
151,034
  
     Special Mention
    
—
      
88
      
—
      
—
      
—
      
172
      
6,191
      
6,451
  
        Substandard
    
—
      
1,989
      
210
      
49
      
377
      
499
      
4,021
      
7,145
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
4,144
    
$
18,973
    
$
7,441
    
$
23,750
    
$
32,216
    
$
45,663
    
$
32,443
    
$
164,630
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
45
    
$
—
    
$
12
    
$
58
    
$
—
    
$
45
    
$
160
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Owner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
13,762
    
$
17,199
    
$
7,441
    
$
10,094
    
$
4,787
    
$
16,336
    
$
583
    
$
70,202
  
     Special Mention
    
—
      
—
      
—
      
12,896
      
—
      
1,415
      
299
      
14,610
  
        Substandard
    
79
      
—
      
—
      
—
      
136
      
844
      
600
      
1,659
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
13,841
    
$
17,199
    
$
7,441
    
$
22,990
    
$
4,923
    
$
18,595
    
$
1,482
    
$
86,471
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Nonowner-occupied
                                                
     Risk Rating
                                                
        Pass
  
$
35,216
    
$
11,377
    
$
30,773
    
$
31,465
    
$
19,351
    
$
66,312
    
$
6,172
    
$
200,666
  
     Special Mention
    
—
      
1,636
      
—
      
—
      
—
      
—
      
—
      
1,636
  
        Substandard
    
220
      
—
      
996
      
—
      
3,329
      
—
      
—
      
4,545
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
35,436
    
$
13,013
    
$
31,769
    
$
31,465
    
$
22,680
    
$
66,312
    
$
6,172
    
$
206,847
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial real estate:
                                                
   Construction
                                                
     Risk Rating
                                                
        Pass
  
$
13,865
    
$
33,162
    
$
27,678
    
$
1,111
    
$
266
    
$
2,647
    
$
93
    
$
78,822
  
     Special Mention
    
—
      
—
      
—
      
—
      
—
      
38
      
—
      
38
  
        Substandard
    
—
      
638
      
—
      
—
      
—
      
171
      
—
      
809
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
13,865
    
$
33,800
    
$
27,678
    
$
1,111
    
$
266
    
$
2,856
    
$
93
    
$
79,669
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Commercial and Industrial
                                                
     Risk Rating
                                                
        Pass
  
$
17,260
    
$
7,875
    
$
24,843
    
$
25,894
    
$
20,648
    
$
25,593
    
$
21,785
    
$
143,898
  
     Special Mention
    
446
      
—
      
—
      
—
      
—
      
178
      
6,476
      
7,100
  
        Substandard
    
2,039
      
226
      
60
      
480
      
205
      
—
      
4,432
      
7,442
  
        Doubtful
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
    Total
  
$
19,745
    
$
8,101
    
$
24,903
    
$
26,374
    
$
20,853
    
$
25,771
    
$
32,693
    
$
158,440
  
                                                                 
Current Period gross charge-offs
  
$
219
    
$
—
    
$
—
    
$
1
    
$
—
    
$
—
    
$
1
    
$
221
  

The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses.  For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of March 31, 2025 and December 31, 2024:

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Residential Real Estate
                                                
     Payment Performance
                                                
        Performing
  
$
12,625
    
$
59,210
    
$
56,270
    
$
39,266
    
$
45,096
    
$
132,608
    
$
1,747
    
$
346,822
  
        Nonperforming
    
—
      
—
      
229
      
366
      
83
      
1,326
      
—
      
2,004
  
    Total
  
$
12,625
    
$
59,210
    
$
56,499
    
$
39,632
    
$
45,179
    
$
133,934
    
$
1,747
    
$
348,826
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
1
    
$
—
    
$
4
    
$
—
    
$
5
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Automobile
                                                
     Payment Performance
                                                
        Performing
  
$
2,069
    
$
12,162
    
$
15,935
    
$
10,803
    
$
3,097
    
$
1,178
    
$
—
    
$
45,244
  
        Nonperforming
    
—
      
56
      
162
      
120
      
—
      
13
      
—
      
351
  
    Total
  
$
2,069
    
$
12,218
    
$
16,097
    
$
10,923
    
$
3,097
    
$
1,191
    
$
—
    
$
45,595
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
81
    
$
78
    
$
17
    
$
7
    
$
10
    
$
—
    
$
193
  

 
                                      
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Home Equity
                                                
     Payment Performance
                                                
        Performing
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
43,089
    
$
43,089
  
        Nonperforming
    
—
      
—
      
—
      
—
      
—
      
—
      
280
      
280
  
    Total
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
43,369
    
$
43,369
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
31
    
$
31
  

                                         Revolving        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
March 31, 2025
  
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Other
                                                
     Payment Performance
                                                
        Performing
  
$
4,356
    
$
17,535
    
$
8,823
    
$
7,634
    
$
5,679
    
$
2,720
    
$
12,995
    
$
59,742
  
        Nonperforming
    
—
      
32
      
49
      
19
      
24
      
31
      
—
      
155
  
    Total
  
$
4,356
    
$
17,567
    
$
8,872
    
$
7,653
    
$
5,703
    
$
2,751
    
$
12,995
    
$
59,897
  
                                                                 
Current Period gross charge-offs
  
$
82
    
$
10
    
$
33
    
$
17
    
$
25
    
$
26
    
$
109
    
$
302
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Residential Real Estate
                                                
     Payment Performance
                                                
        Performing
  
$
57,385
    
$
57,546
    
$
40,026
    
$
46,067
    
$
38,969
    
$
98,084
    
$
33,477
    
$
371,554
  
        Nonperforming
    
—
      
234
      
435
      
83
      
54
      
1,174
      
—
      
1,980
  
    Total
  
$
57,385
    
$
57,780
    
$
40,461
    
$
46,150
    
$
39,023
    
$
99,258
    
$
33,477
    
$
373,534
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
15
    
$
—
    
$
—
    
$
27
    
$
—
    
$
42
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Automobile
                                                
     Payment Performance
                                                
        Performing
  
$
13,643
    
$
18,133
    
$
12,693
    
$
3,686
    
$
1,268
    
$
405
    
$
—
    
$
49,828
  
        Nonperforming
    
145
      
162
      
77
      
12
      
5
      
17
      
—
      
418
  
    Total
  
$
13,788
    
$
18,295
    
$
12,770
    
$
3,698
    
$
1,273
    
$
422
    
$
—
    
$
50,246
  
                                                                 
Current Period gross charge-offs
  
$
91
    
$
364
    
$
232
    
$
34
    
$
22
    
$
7
    
$
—
    
$
750
  

 
                                      
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Home Equity
                                                
     Payment Performance
                                                
        Performing
  
$
317
    
$
—
    
$
61
    
$
152
    
$
—
    
$
—
    
$
41,579
    
$
42,109
  
        Nonperforming
    
—
      
—
      
—
      
—
      
—
      
—
      
364
      
364
  
    Total
  
$
317
    
$
—
    
$
61
    
$
152
    
$
—
    
$
—
    
$
41,943
    
$
42,473
  
                                                                 
Current Period gross charge-offs
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

                                     
Revolving
        
                                       
Loans
        
   
Term Loans Amortized Cost Basis by Origination Year
    
Amortized
        
December 31, 2024
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Cost Basis
    
Total
  
                                                 
Consumer:
                                                
   Other
                                                
     Payment Performance
                                                
        Performing
  
$
13,110
    
$
18,442
    
$
8,768
    
$
6,580
    
$
2,367
    
$
973
    
$
13,760
    
$
64,000
  
        Nonperforming
    
3
      
50
      
14
      
46
      
25
      
7
      
—
      
145
  
    Total
  
$
13,113
    
$
18,492
    
$
8,782
    
$
6,626
    
$
2,392
    
$
980
    
$
13,760
    
$
64,145
  
                                                                 
Current Period gross charge-offs
  
$
443
    
$
192
    
$
156
    
$
107
    
$
52
    
$
29
    
$
495
    
$
1,474
  

The Company originates residential, consumer, and commercial loans to customers located primarily in the southeastern areas of Ohio as well as the western counties of West Virginia.  Approximately 4.24% of total loans were unsecured at March 31, 2025, up from 4.16% at December 31, 2024.

Modifications to Borrowers Experiencing Financial Difficulty:
Occasionally, the Company modifies loans to borrowers experiencing financial difficulty.  These modifications may include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a reduction in the contractual principal and interest payments of the loan; or short-term interest-only payment terms.

During the three months ended March 31, 2025 and 2024, the Company experienced no new modifications to borrowers experiencing financial difficulty.

The following table presents the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2025 and 2024:

March 31, 2025
  
Residential
Real Estate
    
Commercial
Real Estate
    
Commercial
and Industrial
    
Consumer
    
Total
  
Allowance for credit losses:
                              
Beginning balance
  
$
2,684
    
$
3,653
    
$
1,536
    
$
2,215
    
$
10,088
  
Provision for credit losses
    
(4
)
    
136
      
273
      
71
      
476
  
Loans charged-off
    
(5
)
    
—
      
(160
)
    
(526
)
    
(691
)
Recoveries
    
18
      
—
      
56
      
192
      
266
  
Total ending allowance balance
  
$
2,693
    
$
3,789
    
$
1,705
    
$
1,952
    
$
10,139
  

March 31, 2024
  
Residential
Real Estate
    
Commercial
Real Estate
    
Commercial
and Industrial
    
Consumer
    
Total
  
Allowance for credit losses:
                              
Beginning balance
  
$
2,213
    
$
3,047
    
$
1,275
    
$
2,232
    
$
8,767
  
Provision for credit losses
    
130
      
188
      
184
      
355
      
857
  
Loans charged-off
    
(37
)
    
—
      
(109
)
    
(448
)
    
(594
)
Recoveries
    
22
      
11
      
4
      
162
      
199
  
Total ending allowance balance
  
$
2,328
    
$
3,246
    
$
1,354
    
$
2,301
    
$
9,229
  


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

 
Collateral Type
  
March 31, 2025
  
Real Estate
    
Business Assets
    
Total
  
Residential real estate
  
$
563
    
$
—
    
$
563
  
Commercial real estate:
                        
Owner-occupied
    
5,082
      
140
      
5,222
  
Non-owner occupied
    
109
      
—
      
109
  
       Construction
    
631
      
—
      
631
  
Commercial and Industrial
    
187
      
2,984
      
3,171
  
Consumer:
                        
Automobile
    
—
      
31
      
31
  
Home equity
    
49
      
26
      
75
  
       Other
    
—
      
76
      
76
  
Total collateral dependent loans
  
$
6,621
    
$
3,257
    
$
9,878
  

 
Collateral Type
  
December 31, 2024
  
Real Estate
    
Business Assets
    
Total
  
Residential real estate
  
$
569
    
$
—
    
$
569
  
Commercial real estate:
                        
Owner-occupied
    
804
      
140
      
944
  
     Non-Owner-occupied
    
110
      
—
      
110
  
     Construction
    
637
      
—
      
637
  
Commercial & Industrial
    
285
      
3,044
      
3,329
  
Consumer:
                        
Automobile
    
—
      
38
      
38
  
Home equity
    
50
      
26
      
76
  
       Other
    
—
      
81
      
81
  
Total collateral dependent loans
  
$
2,455
    
$
3,329
    
$
5,784
  

The recorded investment of a loan excludes accrued interest and net deferred origination fees and costs due to immateriality.

Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified as impaired loans.

The Company transfers loans to OREO, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through legal title or through a deed in lieu). The Company had no OREO for residential real estate properties at March 31, 2025 and December 31, 2024. In addition, nonaccrual residential mortgage loans that are in the process of foreclosure had a recorded investment of $352 and $342 as of March 31, 2025 and December 31, 2024, respectively.