LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule of activity in the allowance for credit losses by portfolio class

The following table presents the activity in the allowance for credit losses by portfolio class for the year ended December 31, 2025 and 2024 (in thousands):


	Residential				Commercial		Commercial
	Real Estate		HELOCs		Real Estate		and Industrial		Consumer		Total
December 31, 2025
Allowance for credit losses:
Beginning balance	$	2,564	$	104	$	5,396	$	313	$	168	$	8,545
Provision (credit) for credit losses		220		(33)		(41)		264		220		630
Loans charged-off		(63)		—		—		(202)		(180)		(445)
Recoveries		—		—		—		—		19		19
Total ending allowance balance	$	2,721	$	71	$	5,355	$	375	$	227	$	8,749


	Residential				Commercial		Commercial
	Real Estate		HELOCs		Real Estate		and Industrial		Consumer		Total
December 31, 2024
Allowance for credit losses:
Beginning balance	$	2,466	$	91	$	5,091	$	275	$	153	$	8,076
Provision for credit losses		167		13		305		39		76		600
Loans charged-off		(69)		—		—		(1)		(83)		(153)
Recoveries		—		—		—		—		22		22
Total ending allowance balance	$	2,564	$	104	$	5,396	$	313	$	168	$	8,545

Schedule of aging of the amortized cost in past due loans by class of loans

The following table presents the aging of the amortized cost in past due loans by class of loans as of December 31, 2025 and 2024 (in thousands):


	30‑59			60‑89			Greater Than
	Days			Days			89 Days			Total			Loans Not
	Past Due			Past Due			Past Due			Past Due			Past Due			Total
December 31, 2025
Residential real estate	$	—		$	1,260		$	992		$	2,252		$	316,442		$	318,694
HELOCs		—			—			—			—			17,092			17,092
Commercial real estate		—			—			328			328			370,052			370,380
Commercial and industrial		—			—			—			—			32,582			32,582
Consumer		227			70			75			372			63,326			63,698
Total	$	227		$	1,330		$	1,395		$	2,952		$	799,494		$	802,446

December 31, 2024
Residential real estate	$	—		$	564			923		$	1,487		$	301,669		$	303,156
HELOCs		149			—			8			157			15,369			15,526
Commercial real estate		—			114			175			289			349,080			349,369
Commercial and industrial		—			—			—			—			39,596			39,596
Consumer		91			93			69			253			55,339			55,592
Total	$	240		$	771		$	1,175		$	2,186		$	761,053		$	763,239

Schedule of risk category of loans and current period gross charge-offs

The following table presents the risk category of loans and current period gross charge-offs as of December 31, 2025 and 2024 by loan segment and vintage year (in thousands):


																			Revolving
As of December 31, 2025	2025			2024			2023			2022			2021			Prior			Loans			Total
Commercial & Industrial:
Risk rating
Pass	$	9,528		$	9,684		$	3,143		$	2,762		$	1,827		$	4,891		$	564		$	32,399
Special mention		—			—			—			—			—			—			—			—
Substandard		—			—			—			—			—			183			—			183
Doubtful		—			—			—			—			—			—			—			—
Total	$	9,528		$	9,684		$	3,143		$	2,762		$	1,827		$	5,074		$	564		$	32,582
Commercial & Industrial:
Current period gross write off	$	—		$	200		$	—		$	—		$	—		$	2		$	—		$	202
Commercial real estate
Risk rating
Pass	$	39,066		$	39,227		$	56,299		$	75,765		$	50,351		$	103,839		$	—		$	364,547
Special mention		—			—			—			—			—			4,884			—			4,884
Substandard		—			—			327			—			—			622			—			949
Doubtful		—			—			—			—			—			—			—			—
Total	$	39,066		$	39,227		$	56,626		$	75,765		$	50,351		$	109,345		$	—		$	370,380
Commercial real estate
Current period gross write off	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential real estate
Payment Performance
Performing	$	49,283		$	32,818		$	44,660		$	43,589		$	51,302		$	96,051		$	—		$	317,703
Non Performing		—			—			—			—			499			492			—			991
Total	$	49,283		$	32,818		$	44,660		$	43,589		$	51,801		$	96,543		$	—		$	318,694
Residential real estate
Current period gross write off	$	—		$	—		$	—		$	—		$	—		$	63		$	—		$	63
HELOC
Payment Performance
Performing	$	2,059		$	3,693		$	4,001		$	3,058		$	1,396		$	2,885		$	—		$	17,092
Non Performing		—			—			—			—			—			—			—			—
Total	$	2,059		$	3,693		$	4,001		$	3,058		$	1,396		$	2,885		$	—		$	17,092
HELOC
Current period gross write off	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Consumer
Payment Performance
Performing	$	16,187		$	16,209		$	8,128		$	5,502		$	2,462		$	15,135		$	—		$	63,623
Non Performing		—			20			14			41			—			—			—			75
Total	$	16,187		$	16,229		$	8,142		$	5,543		$	2,462		$	15,135		$	—		$	63,698
Consumer
Current period gross write off	$	—		$	24		$	35		$	45		$	18		$	58		$	—		$	180


													Revolving
As of December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Total
Commercial & Industrial:
Risk rating
Pass	$	10,218	$	9,526	$	7,123	$	2,849	$	4,851	$	3,252	$	1,323	$	39,142
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		114		—		99		241		—		454
Doubtful		—		—		—		—		—		—		—		—
Total	$	10,218	$	9,526	$	7,237	$	2,849	$	4,950	$	3,493	$	1,323	$	39,596
Commercial & Industrial:
Current period gross write off	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	1
Commercial real estate
Risk rating
Pass	$	38,844	$	50,679	$	82,151	$	57,936	$	35,595	$	83,531	$	—	$	348,736
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		633		—		633
Doubtful		—		—		—		—		—		—		—		—
Total	$	38,844	$	50,679	$	82,151	$	57,936	$	35,595	$	84,164	$	—	$	349,369
Commercial real estate
Current period gross write off	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential real estate
Payment Performance
Performing	$	41,108	$	54,289	$	49,648	$	60,945	$	29,934	$	66,077	$	—	$	302,001
Non Performing		—		—		332		—		—		823		—		1,155
Total	$	41,108	$	54,289	$	49,980	$	60,945	$	29,934	$	66,900	$	—	$	303,156
Residential real estate
Current period gross write off	$	—	$	—	$	—	$	—	$	—	$	69	$	—	$	69
HELOC
Payment Performance
Performing	$	2,893	$	3,902	$	3,291	$	1,133	$	693	$	3,614	$	—	$	15,526
Non Performing		—		—		—		—		—		—		—		—
Total	$	2,893	$	3,902	$	3,291	$	1,133	$	693	$	3,614	$	—	$	15,526
HELOC
Current period gross write off	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Payment Performance
Performing	$	19,236	$	10,248	$	7,110	$	2,964	$	3,167	$	12,867	$	—	$	55,592
Non Performing		—		—		—		—		—		—		—		—
Total	$	19,236	$	10,248	$	7,110	$	2,964	$	3,167	$	12,867	$	—	$	55,592
Consumer
Current period gross write off	$	19	$	14	$	39	$	2	$	5	$	4	$	—	$	83