Allowance for Credit Losses on Loans (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Summary of Activity Related to Allowance for Credit Losses on Loans

The following tables summarize the activity related to the allowance for credit losses on loans for the year ended December 31, 2024 and 2023.

	Commercial Loans									Noncommercial Loans
(dollars in thousands)	Commercial			Real estate commercial		Other real estate construction		Other loans		Real estate 1-4 family construction		Real estate residential			Home equity			Consumer			Total Loans
Balance, December 31, 2023	$	1,493		$	2,057	$	389	$	9	$	31	$	796		$	582		$	204		$	5,561
Provision for (recovery of) credit losses		222			209		23		9		25		(17	)		6			56			533
Charge-offs		(322	)		—		—		—		—		—			(1	)		(157	)		(480	)
Recoveries		135			—		—		—		—		2			1			72			210
Net (charge-offs) recoveries		(187	)		—		—		—		—		2			—			(85	)		(270	)
Balance, December 31, 2024	$	1,528		$	2,266	$	412	$	18	$	56	$	781		$	588		$	175		$	5,824

	Commercial Loans										Noncommercial Loans
(dollars in thousands)	Commercial			Real estate commercial		Other real estate construction			Other loans		Real estate 1-4 family construction		Real estate residential		Home equity			Consumer			Total Loans
Balance, December 31, 2022	$	435		$	760	$	177		$	4	$	—	$	561	$	277		$	76		$	2,290
Cumulative effect of change in accounting principle		702			1,017		143			5		—		74		375			91			2,407
Provision for (recovery of) credit losses		938			280		111			—		31		159		(102	)		78			1,495
Charge-offs		(604	)		—		(42	)		—		—		—		—			(108	)		(754	)
Recoveries		22			—		—			—		—		2		32			67			123
Net (charge-offs) recoveries		(582	)		—		(42	)		—		—		2		32			(41	)		(631	)
Balance, December 31, 2023	$	1,493		$	2,057	$	389		$	9	$	31	$	796	$	582		$	204		$	5,561

Past Due Information of Loan Portfolio by Class

Past due loan information is used by management when assessing the adequacy of the allowance for credit losses. The following tables summarize the past due information of the loan portfolio by class as of the dates indicated:

December 31, 2024	Loans 30-89 Days Past Due		Nonaccrual Loans		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
	(dollars in thousands)
Commercial	$	9	$	88	$	97	$	104,773	$	104,870	$	—
Real estate - commercial		43		—		43		245,636		245,679		—
Other real estate construction		—		—		—		50,940		50,940		—
Real estate 1-4 family construction		—		—		—		27,789		27,789		—
Real estate - residential		429		64		493		150,891		151,384		—
Home equity		176		40		216		68,071		68,287		—
Consumer loans		42		—		42		10,978		11,020		—
Other loans		—		—		—		6,408		6,408		—
Total	$	699	$	192	$	891	$	665,486	$	666,377	$	—

Note 4 - Allowance for Credit Losses on Loans (Continued)

December 31, 2023	Loans 30-89 Days Past Due		Nonaccrual Loans		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
	(dollars in thousands)
Commercial	$	46	$	154	$	200	$	102,162	$	102,362	$	—
Real estate - commercial		588		488		1,076		212,447		213,523		—
Other real estate construction		—		—		—		40,872		40,872		—
Real estate 1-4 family construction		—		—		—		12,481		12,481		—
Real estate - residential		715		278		993		143,445		144,438		—
Home equity		115		181		296		60,304		60,600		—
Consumer loans		84		—		84		11,497		11,581		—
Other loans		—		—		—		6,214		6,214		—
Total	$	1,548	$	1,101	$	2,649	$	589,422	$	592,071	$	—

Composition of Nonaccrual Loans by Class

The composition of nonaccrual loans by class as of December 31, 2024 and 2023 is as follows:

							Twelve Months Ended
	December 31, 2024						December 31, 2024
	Nonaccrual Loans with No Allowance		Nonaccrual Loans with an Allowance		Total Nonaccrual Loans		Interest Income
	(dollars in thousands)
Commercial	$	—	$	88	$	88	$	1
Real estate - commercial		—		—		—		—
Other real estate construction		—		—		—		—
Real estate 1-4 family construction		—		—		—		—
Real estate - residential		—		64		64		13
Home equity		—		40		40		1
Consumer loans		—		—		—		—
Other loans		—		—		—		—
	$	—	$	192	$	192	$	15

							Twelve Months Ended
	December 31, 2023						December 31, 2023
	Nonaccrual Loans with No Allowance		Nonaccrual Loans with an Allowance		Total Nonaccrual Loans		Interest Income
	(dollars in thousands)
Commercial	$	—	$	154	$	154	$	11
Real estate - commercial		400		88		488		13
Other real estate construction		—		—		—		—
Real estate 1-4 family construction		—		—		—		—
Real estate - residential		181		97		278		15
Home equity		—		181		181		8
Consumer loans		—		—		—		—
Other loans		—		—		—		—
	$	581	$	520	$	1,101	$	47

Summary of Amortized Cost of Collateral Dependent Loans

The following table details the amortized cost of collateral dependent loans and any related allowance at December 31, 2024 and December 31, 2023.

	December 31, 2024				December 31, 2023
	Amortized Cost		Allowance for Credit Losses		Amortized Cost		Allowance for Credit Losses
	(dollars in thousands)
Commercial	$	—	$	—	$	154	$	95
Real estate - commercial		—		—		400		—
Other real estate construction		—		—		—		—
Real estate 1-4 family construction		—		—		—		—
Real estate - residential		—		—		181		—
Home equity		—		—		132		3
Consumer loans		—		—		—		—
Other loans		—		—		—		—
Total	$	—	$	—	$	867	$	98

Summary of Credit Quality Indicators by Year of Origination

The following table presents the Company's recorded investment in loans by credit quality indicators by year of origination as of December 31, 2024:

December 31, 2024	Term Loans by Year of Origination
	2024		2023		2022		2021		2020		Prior		Revolving		Total
	(dollars in thousands)
Commercial
Pass	$	25,634	$	18,992	$	14,319	$	11,948	$	2,292	$	10,270	$	20,964	$	104,419
Watch		48		117		—		—		—		—		182		347
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		15		—		88		—		—		—		103
Total commercial		25,682		19,124		14,319		12,036		2,292		10,270		21,146		104,869
Real estate - commercial
Pass		38,684		55,090		48,600		30,383		20,722		48,127		3,040		244,646
Watch		—		—		—		—		—		63		—		63
Special Mention		—		—		—		561		—		32		—		593
Substandard		—		—		—		—		113		264		—		377
Total real estate - commercial		38,684		55,090		48,600		30,944		20,835		48,486		3,040		245,679
Other real estate construction
Pass		22,447		15,004		4,981		2,287		3,211		2,172		795		50,897
Watch		—		—		—		—		—		44		—		44
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total other real estate construction		22,447		15,004		4,981		2,287		3,211		2,216		795		50,941
Real estate 1-4 family construction
Pass		19,845		7,944		—		—		—		—		—		27,789
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total real estate 1-4 family construction		19,845		7,944		—		—		—		—		—		27,789
Real estate - residential
Pass		29,936		37,448		34,018		21,613		10,473		14,397		1,829		149,714
Watch		—		—		—		204		365		490		—		1,059
Special Mention		—		104		—		122		—		83		—		309
Substandard		—		—		—		—		—		302		—		302
Total real estate - residential		29,936		37,552		34,018		21,939		10,838		15,272		1,829		151,384
Home equity
Pass		57		255		159		192		402		1,679		65,158		67,902
Watch		—		—		—		—		—		84		140		224
Special Mention		—		—		100		—		—		20		—		120
Substandard		—		—		—		—		—		41		—		41
Total home equity		57		255		259		192		402		1,824		65,298		68,287
Consumer loans
Pass		3,934		1,944		985		170		70		320		3,586		11,009
Watch		11		—		—		—		—		—		—		11
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total consumer loans		3,945		1,944		985		170		70		320		3,586		11,020
Other loans
Pass		644		—		1,598		2,602		1,211		353		—		6,408
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total other loans		644		—		1,598		2,602		1,211		353		—		6,408
Total Pass		141,181		136,677		104,660		69,195		38,381		77,318		95,372		662,784
Total Watch		59		117		—		204		365		681		322		1,748
Total Special Mention		—		104		100		683		—		135		—		1,022
Total Substandard		—		15		—		88		113		607		—		823
Total loans	$	141,240	$	136,913	$	104,760	$	70,170	$	38,859	$	78,741	$	95,694	$	666,377

During the year end December 31, 2024, one hundred and thirty-two loans totaling $2.5 million were converted from revolving to term loans.

Note 4 - Allowance for Credit Losses on Loans (Continued)

The following table presents the Company's recorded investment in loans by credit quality indicators by year of origination as of December 31, 2023:

December 31, 2023	Term Loans by Year of Origination
	2023		2022		2021		2020		2019		Prior		Revolving		Total
	(dollars in thousands)
Commercial
Pass	$	23,611	$	21,731	$	16,587	$	5,868	$	2,553	$	10,634	$	20,089	$	101,073
Watch		183		22		—		—		—		—		914		1,119
Special Mention		16		—		—		—		—		—		—		16
Substandard		—		—		—		154		—		—		—		154
Total commercial		23,810		21,753		16,587		6,022		2,553		10,634		21,003		102,362
Real estate - commercial
Pass		51,543		46,563		38,267		23,031		15,727		33,949		2,844		211,924
Watch		—		—		—		—		74		—		—		74
Special Mention		—		—		588		121		171		157		—		1,037
Substandard		—		—		400		88		—		—		—		488
Total real estate - commercial		51,543		46,563		39,255		23,240		15,972		34,106		2,844		213,523
Other real estate construction
Pass		20,458		10,368		3,050		3,711		542		2,148		548		40,825
Watch		—		—		—		—		—		47		—		47
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total other real estate construction		20,458		10,368		3,050		3,711		542		2,195		548		40,872
Real estate 1-4 family construction
Pass		10,628		1,353		500		—		—		—		—		12,481
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total real estate 1-4 family construction		10,628		1,353		500		—		—		—		—		12,481
Real estate - residential
Pass		46,470		40,558		23,259		11,182		3,528		15,208		1,082		141,287
Watch		—		—		209		384		122		669		—		1,384
Special Mention		666		—		501		—		—		322		—		1,489
Substandard		—		—		—		196		—		82		—		278
Total real estate - residential		47,136		40,558		23,969		11,762		3,650		16,281		1,082		144,438
Home equity
Pass		173		134		95		407		94		1,309		57,800		60,012
Watch		—		—		109		—		19		130		149		407
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		181		—		181
Total home equity		173		134		204		407		113		1,620		57,949		60,600
Consumer loans
Pass		4,302		2,089		609		121		129		352		3,936		11,538
Watch		—		—		—		—		—		—		—		—
Special Mention		25		18		—		—		—		—		—		43
Substandard		—		—		—		—		—		—		—		—
Total consumer loans		4,327		2,107		609		121		129		352		3,936		11,581
Other loans
Pass		5		1,611		2,864		1,306		—		428		—		6,214
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total other loans		5		1,611		2,864		1,306		—		428		—		6,214
Total Pass		157,190		124,407		85,231		45,626		22,573		64,028		86,299		585,354
Total Watch		183		22		318		384		215		846		1,063		3,031
Total Special Mention		707		18		1,089		121		171		479		—		2,585
Total Substandard		—		—		400		438		—		263		—		1,101
Total loans	$	158,080	$	124,447	$	87,038	$	46,569	$	22,959	$	65,616	$	87,362	$	592,071

During the year end December 31, 2023, thirty loans totaling $1.2 million were converted from revolving to term loans.

Note 4 - Allowance for Credit Losses on Loans (Continued)

The following tables present gross charge-offs by origination date for the years ended December 31, 2024 and 2023:

December 31, 2024	Gross Loan Charge-offs by Year of Origination
	2024		2023		2022		2021		2020		Prior		Revolving		Total
	(dollars in thousands)
Commercial
Commercial	$	—	$	10	$	—	$	137	$	164	$	—	$	10	$	321
Real estate - commercial		—		—		—		—		—		—		—		—
Other real estate construction		—		—		—		—		—		—		—		—
Other loans		—		—		—		—		—		—		—		—
Noncommercial
Real estate 1-4 family construction		—		—		—		—		—		—		—		—
Real estate - residential		—		—		—		—		—		—		—		—
Home equity		—		—		—		—		—		1		—		1
Consumer loans		12		51		7		12		7		4		65		158
Total charge-offs	$	12	$	61	$	7	$	149	$	171	$	5	$	75	$	480

December 31, 2023	Gross Loan Charge-offs by Year of Origination
	2023		2022		2021		2020		2019		Prior		Revolving		Total
	(dollars in thousands)
Commercial
Commercial	$	—	$	49	$	—	$	159	$	315	$	71	$	9	$	603
Real estate - commercial		—		—		—		—		—		—		—		—
Other real estate construction		—		42		—		—		—		—		—		42
Other loans		—		—		—		—		—		—		—		—
Noncommercial
Real estate 1-4 family construction		—		—		—		—		—		—		—		—
Real estate - residential		—		—		—		—		—		—		—		—
Home equity		—		—		—		—		—		—		—		—
Consumer loans		—		34		4		3		—		4		64		109
Total charge-offs	$	—	$	125	$	4	$	162	$	315	$	75	$	73	$	754

Summary of Performing and Nonperforming Loans by Class

The following tables show the breakdown between performing and nonperforming loans by class as of December 31, 2024 and 2023:

December 31, 2024	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	104,782	$	88	$	104,870
Real estate - commercial		245,679		—		245,679
Other real estate construction		50,940		—		50,940
Real estate 1-4 family construction		27,789		—		27,789
Real estate - residential		151,320		64		151,384
Home equity		68,247		40		68,287
Consumer loans		11,020		—		11,020
Other loans		6,408		—		6,408
Total	$	666,185	$	192	$	666,377

Note 4 - Allowance for Credit Losses on Loans (Continued)

December 31, 2023	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	102,208	$	154	$	102,362
Real estate - commercial		213,035		488		213,523
Other real estate construction		40,872		—		40,872
Real estate 1-4 family construction		12,481		—		12,481
Real estate - residential		144,160		278		144,438
Home equity		60,419		181		60,600
Consumer loans		11,581		—		11,581
Other loans		6,214		—		6,214
Total	$	590,970	$	1,101	$	592,071

Breakdown of Types of Concessions Made by Loan Class

The following table shows the amortized cost basis of loans modified to borrowers experiencing financial difficulty, disaggregated by class of loans and type of concession granted, during the twelve-month period ended December 31, 2023.

	Payment Deferrals
	Amortized		% of Total
Twelve Months Ended December 31, 2023	Cost Basis		Loan Type			Financial Effect
	(dollars in thousands)
Real estate - residential	$	560		0.37	%	Provided additional payment deferral to borrowers in the form of interest-only payments
Total	$	560

Summary Of Depicts The Performance Of Loans That Have Been Modified

The following table depicts the performance of loans that were modified during the twelve-month period ended December 31, 2023:

	Payment Status (Amortized Cost Basis)
			30-89 Days		90+ Days
December 31, 2023	Current		Past Due		Past Due
	(dollars in thousands)
Real estate - residential	$	560	$	—	$	—
Total	$	560	$	—	$	—