Loans (Tables)

3 Months Ended

Mar. 31, 2025

Loans

Classification of Loans By Class

(In thousands)	March 31, 2025		December 31, 2024
SBA loans held for investment		36,686		36,859
SBA PPP loans		1,307		1,450
Commercial loans
SBA 504 loans		52,734		48,479
Commercial & industrial		155,187		147,186
Commercial real estate2		1,149,104		1,085,771
Commercial real estate construction		129,829		130,193
Residential mortgage loans		654,250		630,927
Consumer loans
Home equity		75,646		73,223
Consumer other		2,974		3,488
Residential construction loans		73,413		90,918
Total loans held for investment	$	2,331,130	$	2,248,494
Loans held for sale1		14,000		12,163
Total loans	$	2,345,130	$	2,260,657

Aging Analysis of Past Due And Nonaccrual Loans by Loan Class

	March 31, 2025
					90+ days
	30‑59 days		60‑89 days		and still				Total past
(In thousands)	past due		past due		accruing		Nonaccrual		due		Current		Total loans
SBA loans held for investment	$	7,036	$	—	$	1,123	$	3,231	$	11,390	$	25,296	$	36,686
SBA PPP loans
Commercial loans
SBA 504 loans		—		—		—		—		—		52,734		52,734
Commercial & industrial		475		58		—		1,263		1,796		153,391		155,187
Commercial real estate		9,842		1,460		—		3,558		14,860		1,134,244		1,149,104
Commercial real estate construction		—		—		—		—		—		129,829		129,829
Residential mortgage loans		15,374		—		—		8,622		23,996		630,254		654,250
Consumer loans
Home equity		485		2,119		—		—		2,604		73,042		75,646
Consumer other		20		14		—		—		34		2,940		2,974
Residential construction loans		—		—		—		171		171		73,242		73,413
Total loans held for investment, excluding SBA PPP		33,232		3,651		1,123		16,845		54,851		2,274,972		2,329,823
Loans held for sale		—								—		14,000		14,000
Total loans, excluding SBA PPP	$	33,232	$	3,651	$	1,123	$	16,845	$	54,851	$	2,288,972	$	2,343,823

	December 31, 2024
					90+ days
	30‑59 days		60‑89 days		and still				Total past
(In thousands)	past due		past due		accruing		Nonaccrual		due		Current		Total loans
SBA loans held for investment	$	1,006	$	451	$	—	$	3,850	$	5,307	$	31,552	$	36,859
Commercial loans
SBA 504 loans		—		—		—		—		—		48,479		48,479
Commercial & industrial		941		—		—		1,228		2,169		145,017		147,186
Commercial real estate		22,378		2,339		—		1,746		26,463		1,059,308		1,085,771
Commercial real estate construction		—		—		—		—		—		130,193		130,193
Residential mortgage loans		15,654		4,094		760		5,711		26,219		604,708		630,927
Consumer loans
Home equity		479		2,162		—		—		2,641		70,582		73,223
Consumer other		36		5		—		—		41		3,447		3,488
Residential construction loans		—		—		—		547		547		90,371		90,918
Total loans held for investment, excluding SBA PPP		40,494		9,051		760		13,082		63,387		2,183,657		2,247,044
Loans held for sale		—		—		—		—		—		12,163		12,163
Total loans, excluding SBA PPP	$	40,494	$	9,051	$	760	$	13,082	$	63,387	$	2,195,820	$	2,259,207

Individually Evaluated Loans with Associated Allowance Amount

	March 31, 2025
	Unpaid				Allowance for
	principal		Recorded		Credit Losses
(In thousands)	balance		investment		Allocated
With no related allowance:
SBA loans held for investment	$	1,458	$	1,357	$	—
Commercial loans
Commercial & industrial		696		91		—
Commercial real estate		4,170		3,558		—
Total commercial loans		4,866		3,649		—
Residential mortgage loans		6,284		6,254		—
Total individually evaluated loans with no related allowance		12,608		11,260		—
With an allowance:
SBA loans held for investment		3,842		2,997		349
Commercial loans
Commercial & industrial		1,372		1,172		39
Total commercial loans		1,372		1,172		39
Residential mortgage loans		2,647		2,368		104
Residential construction loans		171		171		44
Total individually evaluated loans with a related allowance		8,032		6,708		536
Total individually evaluated loans:
SBA loans held for investment		5,300		4,354		349
Commercial loans
Commercial & industrial		2,068		1,263		39
Commercial real estate		4,170		3,558		—
Total commercial loans		6,238		4,821		39
Residential mortgage loans		8,931		8,622		104
Residential construction loans		171		171		44
Total individually evaluated loans	$	20,640	$	17,968	$	536

	December 31, 2024
	Unpaid				Allowance for
	principal		Recorded		Credit Losses
(In thousands)	balance		investment		Allocated
With no related allowance:
SBA loans held for investment	$	432	$	334	$	—
Commercial loans
Commercial & industrial		638		33		—
Commercial real estate		2,055		1,746		—
Total commercial loans		2,693		1,779		—
Residential mortgage loans		4,238		4,238		—
Total individually evaluated loans with no related allowance		7,363		6,351		—
With an allowance:
SBA loans held for investment		4,011		3,516		755
Commercial loans
Commercial & industrial		1,672		1,195		62
Total commercial loans		1,672		1,195		62
Residential mortgage loans		2,413		2,233		52
Residential construction loans		547		547		102
Total individually evaluated loans with a related allowance		8,643		7,491		971
Total individually evaluated loans:
SBA loans held for investment		4,443		3,850		755
Commercial loans
Commercial & industrial		2,310		1,228		62
Commercial real estate		2,055		1,746		—
Total commercial loans		4,365		2,974		62
Residential mortgage loans		6,651		6,471		52
Residential construction loans		547		547		102
Total individually evaluated loans	$	16,006	$	13,842	$	971

Schedule of Loan Classification Risk by Loan Portfolio Classification by Origination Year

	Term Loans
	Amortized Cost Basis by Origination Year, March 31, 2025
(In thousands)		2025		2024		2023		2022		2021		2020 and Earlier		Revolving Loans Amortized Cost Basis		Total
SBA loans held for investment
Risk Rating:
Pass	$	38	$	2,499	$	1,295	$	5,108	$	4,846	$	15,736	$	-	$	29,522
Special Mention		-		-		826		1,606		356		1,046		-		3,834
Substandard		-		-		274		557		2,116		383		-		3,330
Total SBA loans held for investment	$	38	$	2,499	$	2,395	$	7,271	$	7,318	$	17,165	$	-	$	36,686
SBA loans held for investment
Current-period gross writeoffs	$	-	$	-	$	-	$	350	$	-	$	-	$	-	$	350
SBA PPP loans
Risk Rating:
Pass	$	-	$	-	$	-	$	-	$	1,307	$	-	$	-	$	1,307
Total SBA PPP loans	$	-	$	-	$	-	$	-	$	1,307	$	-	$	-	$	1,307
Commercial loans
Risk Rating:
Pass	$	82,835	$	205,300	$	161,764	$	335,689	$	153,268	$	435,403	$	93,704	$	1,467,963
Special Mention		-		-		-		7,268		914		3,033		16		11,231
Substandard		-		-		-		-		1,164		6,496		-		7,660
Total commercial loans	$	82,835	$	205,300	$	161,764	$	342,957	$	155,346	$	444,932	$	93,720	$	1,486,854
Commercial loans
Current-period gross writeoffs	$	-	$	-	$	-	$	-	$	1	$	1	$	-	$	2
Residential mortgage loans
Risk Rating:
Performing	$	44,962	$	83,266	$	75,177	$	220,214	$	63,751	$	158,258	$	-	$	645,628
Nonperforming		-		-		1,159		2,285		318		4,860		-		8,622
Total residential mortgage loans	$	44,962	$	83,266	$	76,336	$	222,499	$	64,069	$	163,118	$	-	$	654,250
Residential mortgage loans
Current-period gross writeoffs	$	-	$	-	$	-	$	-	$	130	$	-	$	-		130
Consumer loans
Risk Rating:
Performing	$	5,053	$	5,241	$	1,576	$	3,000	$	1,226	$	8,931	$	53,593	$	78,620
Total consumer loans	$	5,053	$	5,241	$	1,576	$	3,000	$	1,226	$	8,931	$	53,593	$	78,620
Consumer loans
Current-period gross writeoffs	$	-	$	-	$	-	$	-	$	50	$	-	$	-	$	50
Residential construction
Risk Rating:
Pass	$	7,051	$	35,553	$	11,238	$	13,980	$	2,260	$	3,160	$	-	$	73,242
Substandard		-		-		-		-		-		171		-		171
Total residential construction loans	$	7,051	$	35,553	$	11,238	$	13,980	$	2,260	$	3,331	$	-	$	73,413
Residential construction
Current-period gross writeoffs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Total loans held for investment	$	139,939	$	331,859	$	253,309	$	589,707	$	231,526	$	637,477	$	147,313	$	2,331,130

	Term Loans
	Amortized Cost Basis by Origination Year, December 31, 2024
(In thousands)		2024		2023		2022		2021		2020		2019 and Earlier		Revolving Loans Amortized Cost Basis		Total
SBA loans held for investment
Risk Rating:
Pass	$	2,167	$	1,580	$	5,205	$	4,961	$	5,570	$	10,085	$	-	$	29,568
Special Mention		-		769		1,740		356		508		729		-		4,103
Substandard		-		-		956		2,116		116		1		-		3,189
Total SBA loans held for investment	$	2,167	$	2,349	$	7,901	$	7,433	$	6,194	$	10,815	$	-	$	36,859
SBA loans held for investment
Current-period gross writeoffs	$	-	$	-	$	300	$	70	$	-	$	-	$	-	$	370
SBA PPP loans
Risk Rating:
Pass	$	-	$	-	$	-	$	1,450	$	-	$	-	$	-	$	1,450
Total SBA PPP loans	$	-	$	-	$	-	$	1,450	$	-	$	-	$	-	$	1,450
Commercial loans
Risk Rating:
Pass	$	189,371	$	167,190	$	331,349	$	161,508	$	123,225	$	330,131	$	94,369	$	1,397,143
Special Mention		-		-		6,269		1,737		-		3,108		17		11,131
Substandard		-		-		-		2		1,187		2,157		9		3,355
Total commercial loans	$	189,371	$	167,190	$	337,618	$	163,247	$	124,412	$	335,396	$	94,395	$	1,411,629
Commercial loans
Current-period gross writeoffs	$	-	$	-	$	38	$	138	$	200	$	107	$	150	$	633
Residential mortgage loans
Risk Rating:
Performing	$	93,825	$	73,862	$	224,295	$	65,192	$	44,366	$	122,916	$	-	$	624,456
Nonperforming		-		227		1,488		2,238		-		2,518		-		6,471
Total residential mortgage loans	$	93,825	$	74,089	$	225,783	$	67,430	$	44,366	$	125,434	$	-	$	630,927
Residential mortgage loans
Current-period gross writeoffs	$	-	$	-	$	-	$	150	$	-	$	-	$	-	$	150
Consumer loans
Risk Rating:
Performing	$	5,898	$	2,602	$	3,275	$	1,515	$	667	$	10,409	$	52,345	$	76,711
Total consumer loans	$	5,898	$	2,602	$	3,275	$	1,515	$	667	$	10,409	$	52,345	$	76,711
Consumer loans
Current-period gross writeoffs	$	-	$	-	$	63	$	100	$	-	$	198	$	-	$	361
Residential construction
Risk Rating:
Pass	$	36,522	$	16,889	$	26,683	$	7,766	$	1,154	$	1,357	$	-	$	90,371
Substandard		-		-		-		-		547		-		-		547
Total residential construction loans	$	36,522	$	16,889	$	26,683	$	7,766	$	1,701	$	1,357	$	-	$	90,918
Residential construction
Current-period gross writeoffs	$	-	$	-	$	-	$	-	$	-	$	277	$	-	$	277
Total loans held for investment	$	327,783	$	263,119	$	601,260	$	248,841	$	177,340	$	483,411	$	146,740	$	2,248,494

Schedule of Amortized Cost Basis of Loans Modified, Disaggregated by Class of Gross Loans and Type of Concession Granted

		Payment Delay				Term Extension
		Principal	Percentage			Principal	Percentage
(In thousands)		Balance	of Loan Class			Balance	of Loan Class
SBA loans held for investment	$	187	0.5	%	$	—	—	%
Residential mortgage loans		1,101	0.2			—	—
Consumer loans
Home equity		—	—			104	0.1
Balance as of March 31, 2025	$	1,288	0.1	%	$	104	—	%

		Principal Forgiveness				Payment Delay				Term Extension
		Principal	Percentage			Principal	Percentage			Principal	Percentage
(In thousands)		Balance	of Loan Class			Balance	of Loan Class			Balance	of Loan Class
SBA loans held for investment	$	8	—	%	$	99	0.3	%	$	—	—	%
Commercial loans
Commercial & industrial		—	—			—	—			813	0.2
Commercial real estate		—	—			2,619	0.3			—	—
Consumer loans
Home equity		—	—			—	—			2,309	3.4
Balance as of March 31, 2024	$	8	—	%	$	2,718	0.1	%	$	3,122	0.2	%