Loans and Allowance for Credit Losses on Loans (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Receivables [Abstract] |
|
| Schedule of Composition of Loan Portfolio |
The following table presents the composition of the loan portfolio as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | ($ in thousands) | | June 30, 2026 | | December 31, 2025 | | Commercial real estate ("CRE") | | $ | 1,190,117 | | | $ | 1,132,223 | | | Small Business Administration ("SBA")—real estate | | 254,470 | | | 242,041 | | | SBA—non-real estate | | 24,084 | | | 22,482 | | | Commercial and industrial ("C&I") | | 221,623 | | | 221,270 | | | Home mortgage | | 568,512 | | | 574,300 | | | Consumer | | 255 | | | 1,353 | | | Gross loans | | 2,259,061 | | | 2,193,669 | | | Allowance for credit losses | | (28,100) | | | (27,975) | | Net loans (1) | | $ | 2,230,961 | | | $ | 2,165,694 | | |
(1)Includes net deferred loan costs (fees) and net unamortized premiums (discounts) of $(1.8) million as of June 30, 2026 and $(331) thousand as of December 31, 2025. The following table represents the amortized cost basis of collateral-dependent loans by property type as of June 30, 2026 and December 31, 2025, for which repayment is expected to be obtained through the sale of the underlying collateral: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Hotel / Motel | | Retail | | | | Single-Family Residential | | Office | | Total (1)(2) | | As of June 30, 2026 | | | | | | | | | | | | | CRE | | $ | 2,106 | | | $ | — | | | | | $ | 1,641 | | | $ | — | | | $ | 3,747 | | | SBA—real estate | | 5,038 | | | 2,682 | | | | | — | | | — | | | 7,720 | | | SBA—non-real estate | | — | | | 14 | | | | | — | | | 140 | | | 154 | | | Home mortgage | | — | | | — | | | | | 1,425 | | | — | | | 1,425 | | | Total | | $ | 7,144 | | | $ | 2,696 | | | | | $ | 3,066 | | | $ | 140 | | | $ | 13,046 | | | | | | | | | | | | | | | | As of December 31, 2025 | | | | | | | | | | | | | CRE | | $ | 2,134 | | | $ | 211 | | | | | $ | 1,079 | | | $ | — | | | $ | 3,424 | | | SBA—real estate | | 4,891 | | | 1,528 | | | | | — | | | — | | | 6,419 | | | Home mortgage | | — | | | — | | | | | 589 | | | — | | | 589 | | | Total | | $ | 7,025 | | | $ | 1,739 | | | | | $ | 1,668 | | | $ | — | | | $ | 10,432 | | | | | | | | | | | | | | |
(1)Excludes guaranteed portion of SBA loans totaling $22.5 million and $12.7 million as of June 30, 2026 and December 31, 2025, respectively. (2)The allowance for credit losses allocated to these loans as of June 30, 2026 and December 31, 2025 was $2.2 million and $1.3 million, respectively.
|
| Schedule of Activity in Allowance for Loan Losses by Portfolio Segment |
The following table summarizes the activity in the allowance for credit losses on loans by portfolio segment and unfunded commitments for the three months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | CRE | | SBA— Real Estate | | SBA —Non- Real Estate | | C&I | | Home Mortgage | | Consumer | | Total | | Balance as of March 31, 2026 | | $ | 12,007 | | | $ | 6,994 | | | $ | 677 | | | $ | 1,848 | | | $ | 6,877 | | | $ | 3 | | | $ | 28,406 | | | Provision for (reversal of) credit losses | (a) | (817) | | | 593 | | | 179 | | | (203) | | | 118 | | | (1) | | | (131) | | | Charge-offs | | — | | | (2) | | | (159) | | | (63) | | | — | | | — | | | (224) | | | Recoveries | | — | | | 35 | | | 14 | | | — | | | — | | | — | | | 49 | | | Balance as of June 30, 2026 | | $ | 11,190 | | | $ | 7,620 | | | $ | 711 | | | $ | 1,582 | | | $ | 6,995 | | | $ | 2 | | | $ | 28,100 | | | | | | | | | | | | | | | | | | Balance as of March 31, 2025 | | $ | 9,010 | | | $ | 5,381 | | | $ | 512 | | | $ | 1,710 | | | $ | 8,755 | | | $ | — | | | $ | 25,368 | | | Provision for (reversal of) credit losses | (a) | 9 | | | 931 | | | (17) | | | (372) | | | 704 | | | — | | | 1,255 | | | Charge-offs | | (129) | | | (413) | | | — | | | — | | | — | | | — | | | (542) | | | Recoveries | | 80 | | | — | | | 4 | | | 121 | | | — | | | — | | | 205 | | | Balance as of June 30, 2025 | | $ | 8,970 | | | $ | 5,899 | | | $ | 499 | | | $ | 1,459 | | | $ | 9,459 | | | $ | — | | | $ | 26,286 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | CRE | | SBA— Real Estate | | SBA —Non- Real Estate | | C&I | | Home Mortgage | | Consumer | | Total | | Balance as of December 31, 2025 | | $ | 10,427 | | | $ | 6,385 | | | $ | 587 | | | $ | 1,611 | | | $ | 8,956 | | | $ | 9 | | | $ | 27,975 | | | Provision for (reversal of) credit losses | (a) | 749 | | | 1,188 | | | 266 | | | 34 | | | (1,961) | | | (7) | | | 269 | | | Charge-offs | | — | | | (33) | | | (159) | | | (63) | | | — | | | — | | | (255) | | | Recoveries | | 14 | | | 80 | | | 17 | | | — | | | — | | | — | | | 111 | | | Balance as of June 30, 2026 | | $ | 11,190 | | | $ | 7,620 | | | $ | 711 | | | $ | 1,582 | | | $ | 6,995 | | | $ | 2 | | | $ | 28,100 | | | | | | | | | | | | | | | | | | Balance as of December 31, 2024 | | $ | 9,290 | | | $ | 5,557 | | | $ | 418 | | | $ | 1,844 | | | $ | 7,684 | | | $ | 3 | | | $ | 24,796 | | | (Reversal of) provision for credit losses | (a) | (271) | | | 755 | | | 72 | | | (477) | | | 1,866 | | | (3) | | | 1,942 | | | Charge-offs | | (129) | | | (413) | | | (10) | | | (29) | | | (91) | | | — | | | (672) | | | Recoveries | | 80 | | | — | | | 19 | | | 121 | | | — | | | — | | | 220 | | | Balance as of June 30, 2025 | | $ | 8,970 | | | $ | 5,899 | | | $ | 499 | | | $ | 1,459 | | | $ | 9,459 | | | $ | — | | | $ | 26,286 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Three Months Ended June 30, | | Six Months Ended June 30, | | Unfunded commitments | | 2026 | | 2025 | | 2026 | | 2025 | Allowance for credit losses on unfunded commitments, beginning of period | | $ | 286 | | | $ | 409 | | | $ | 274 | | | $ | 360 | | | Reversal of provision for credit losses | (b) | (18) | | | (49) | | | (6) | | | — | | Allowance for credit losses on unfunded commitments, end of period | | $ | 268 | | | $ | 360 | | | $ | 268 | | | $ | 360 | | | (Reversal of) provision for credit losses | (a) + (b) | $ | (149) | | | $ | 1,206 | | | $ | 263 | | | $ | 1,942 | | |
|
| Schedule of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 or More Days and Still Accruing Interest by Portfolio Segment |
The following table presents the amortized cost in nonaccrual loans and loans past due 90 or more days and still accruing interest as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Nonaccrual Loans with a Related Allowance for Credit Losses | | Nonaccrual Loans without a Related Allowance for Credit Losses | | Total Nonaccrual Loans | | 90 or More Days Past Due & Still Accruing | | Total (1) | | As of June 30, 2026 | | | | | | | | | | | CRE | | $ | 1,192 | | | $ | 2,555 | | | $ | 3,747 | | | $ | — | | | $ | 3,747 | | | SBA—real estate | | 6,482 | | | 3,864 | | | 10,346 | | | 892 | | | 11,238 | | | SBA—non-real estate | | — | | | 854 | | | 854 | | | — | | | 854 | | | C&I | | — | | | — | | | — | | | — | | | — | | | Home mortgage | | — | | | 1,425 | | | 1,425 | | | — | | | 1,425 | | | Total | | $ | 7,674 | | | $ | 8,698 | | | $ | 16,372 | | | $ | 892 | | | $ | 17,264 | | | As of December 31, 2025 | | | | | | | | | | | CRE | | $ | 554 | | | $ | 2,870 | | | $ | 3,424 | | | $ | — | | | $ | 3,424 | | | SBA—real estate | | 7,343 | | | 1,851 | | | 9,194 | | | — | | | 9,194 | | | SBA—non-real estate | | 646 | | | — | | | 646 | | | — | | | 646 | | | C&I | | 218 | | | — | | | 218 | | | — | | | 218 | | | Home mortgage | | — | | | 589 | | | 589 | | | — | | | 589 | | | Total | | $ | 8,761 | | | $ | 5,310 | | | $ | 14,071 | | | $ | — | | | $ | 14,071 | | | | | | |
(1) Excludes guaranteed portion of loans totaling $30.5 million and $20.9 million as of June 30, 2026 and December 31, 2025, respectively.
|
| Schedule of Aging Analysis of Recorded Investment in Past Due Loans |
The following table represents the aging analysis of gross loans as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Still Accruing | | | | | | | | ($ in thousands) | | 30-59 Days Past Due (1) | | 60-89 Days Past Due | | 90 or More Days Past Due | | Nonaccrual Loans (2) | | Current Accruing Loans | | Total | | As of June 30, 2026 | | | | | | | | | | | | | | CRE | | $ | 723 | | | $ | — | | | $ | — | | | $ | 3,747 | | | $ | 1,185,647 | | | $ | 1,190,117 | | | SBA—real estate | | 2,648 | | | 516 | | | 892 | | | 10,346 | | | 240,068 | | | 254,470 | | | SBA—non-real estate | | 525 | | | 456 | | | — | | | 854 | | | 22,249 | | | 24,084 | | | C&I | | 26 | | | 77 | | | — | | | — | | | 221,520 | | | 221,623 | | | Home mortgage | | 3,152 | | | 2,363 | | | — | | | 1,425 | | | 561,572 | | | 568,512 | | | Consumer | | — | | | — | | | — | | | — | | | 255 | | | 255 | | | Total | | $ | 7,074 | | | $ | 3,412 | | | $ | 892 | | | $ | 16,372 | | | $ | 2,231,311 | | | $ | 2,259,061 | | | As of December 31, 2025 | | | | | | | | | | | | | | CRE | | $ | — | | | $ | — | | | $ | — | | | $ | 3,424 | | | $ | 1,128,799 | | | $ | 1,132,223 | | | SBA—real estate | | 2,532 | | | 1,163 | | | — | | | 9,194 | | | 229,152 | | | 242,041 | | | SBA—non-real estate | | 30 | | | 5 | | | — | | | 646 | | | 21,801 | | | 22,482 | | | C&I | | — | | | — | | | — | | | 218 | | | 221,052 | | | 221,270 | | | Home mortgage | | 557 | | | 2,005 | | | — | | | 589 | | | 571,149 | | | 574,300 | | | Consumer | | — | | | — | | | — | | | — | | | 1,353 | | | 1,353 | | | Total | | $ | 3,119 | | | $ | 3,173 | | | $ | — | | | $ | 14,071 | | | $ | 2,173,306 | | | $ | 2,193,669 | | |
(1)Excludes guaranteed portion of loans totaling $3.2 million as of December 31, 2025, with the excluded portion classified within "Current Accruing" loans. As of June 30, 2026, there was no guaranteed portion. (2)Excludes guaranteed portion of loans totaling $30.5 million as of June 30, 2026, including $28.5 million in SBA—real estate and $2.0 million in SBA—non-real estate and $20.9 million as of December 31, 2025, including $18.9 million in SBA—real estate, $1.7 million in SBA—non-real estate, and $319 thousand in a CRE loan
|
| Schedule of Financing Receivable, Modified |
The following tables present the amortized cost of loans as of June 30, 2026 that were modified for borrowers experiencing financial difficulty during the three and six months ended June 30, 2026 and 2025 by loan segment and modification type: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Modification Type | | Percentage to Each Loan Segment | | ($ in thousands) | | Payment Delay | | | | Total | | | CRE | | $ | 2,161 | | | | | $ | 2,161 | | | 0.18 | % | | | | | | | | | | | | | | | | | | | | Total | | $ | 2,161 | | | | | $ | 2,161 | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Modification Type | | Percentage to Each Loan Segment | | ($ in thousands) | | Payment Delay | | | | Total | | CRE | | $ | 1,084 | | | | | $ | 1,084 | | | 0.11 | % | SBA—real estate (1) | | 2,081 | | | | | 2,081 | | | 0.86 | % | | | | | | | | | | | | | | | | | | | | Total | | $ | 3,165 | | | | | $ | 3,165 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Modification Type | | Percentage to Each Loan Segment | | ($ in thousands) | | Payment Delay | | | | | | Total | | CRE | | $ | 2,161 | | | | | | | $ | 2,161 | | | 0.18 | % | SBA—real estate (1) | | 1,723 | | | | | | | 1,723 | | | 0.68 | % | | | | | | | | | | | | | Total | | $ | 3,884 | | | | | | | $ | 3,884 | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Modification Type | | Percentage to Each Loan Segment | | ($ in thousands) | | Payment Delay | | | | | | Total | | CRE (2) | | $ | 4,239 | | | | | | | $ | 4,239 | | | 0.42 | % | SBA—real estate (1) | | 2,730 | | | | | | | 2,730 | | | 1.13 | % | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 6,969 | | | | | | | $ | 6,969 | | | | | | | | | | | | | | |
(1) Excludes guaranteed portion of SBA loans totaling $2.9 million and $3.2 million as of June 30, 2026 and June 30, 2025, respectively. (2) Interest-only payment arrangements are included within payment deferments as other-than-significant payment delays under ASC 310-10-50-39.
The following tables describe the financial effect of the loan modifications made to borrowers experiencing financial difficulty for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | Financial Effect | | Modification & Loan Types | | Description of Financial Effect | | Three Months Ended June 30, 2026 | | Six Months Ended June 30, 2026 | | Payment Delay: | | | | | | | | CRE | | Deferment of payment by a weighted average of | | 0.5 years | | 0.5 years | | SBA—real estate | | Deferment of payment by a weighted average of | | N/A | | 0.5 years | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | Financial Effect | | Modification & Loan Types | | Description of Financial Effect | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | Payment Delay: | | | | | | | CRE (1) | | Deferment of payment by a weighted average of | | 0.3 years | | 0.4 years | | SBA—real estate | | Deferment of payment by a weighted average of | | 0.3 years | | 0.3 years | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)Interest-only payment arrangements are included within payment deferments as other-than-significant payment delays under ASC 310-10-50-39. The following table presents the performance of such loans that were modified in the twelve months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payment Performance as of June 30, 2026 | | ($ in thousands) | | Current | | 30 - 89 Days
Past Due | | 90+ Days
Past Due | | Total | CRE | | $ | 2,161 | | | $ | 1,580 | | | $ | — | | | $ | 3,741 | | SBA—real estate (1) | | 1,723 | | | 2,073 | | | — | | | 3,796 | | | | | | | | | | | | | | | | | | | | | Total | | $ | 3,884 | | | $ | 3,653 | | | $ | — | | | $ | 7,537 | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payment Performance as of June 30, 2025 | | ($ in thousands) | | Current | | 30 - 89 Days
Past Due | | 90+ Days
Past Due | | Total | | CRE | | $ | 1,733 | | | $ | 1,580 | | | $ | — | | | $ | 3,313 | | SBA—real estate (1) | | 5,236 | | | — | | | 1,960 | | | 7,196 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 6,969 | | | $ | 1,580 | | | $ | 1,960 | | | $ | 10,509 | | | | | | | | | | |
(1)Excludes guaranteed portion of SBA loans totaling $9.3 million and $7.4 million as of June 30, 2026 and 2025, respectively.
|
| Schedule of Credit Risk Ratings by Portfolio Segment |
The following table presents the loan portfolio's amortized cost and current year-to-date gross write-offs by loan type, risk rating and year of origination as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Term Loans by Origination Year | | Revolving Loans | | Revolving Loans Converted to Term Loans | | Total | | ($ in thousands) | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | | | | CRE | | | | | | | | | | | | | | | | | | | | Pass | | $ | 177,212 | | | $ | 328,072 | | | $ | 239,198 | | | $ | 75,101 | | | $ | 208,373 | | | $ | 144,604 | | | $ | 10,340 | | | $ | — | | | $ | 1,182,900 | | | Special mention | | — | | | — | | | 586 | | | — | | | — | | | — | | | — | | | — | | | 586 | | | Substandard | | — | | | — | | | — | | | 2,969 | | | 1,501 | | | 2,161 | | | — | | | — | | | 6,631 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 177,212 | | | $ | 328,072 | | | $ | 239,784 | | | $ | 78,070 | | | $ | 209,874 | | | $ | 146,765 | | | $ | 10,340 | | | $ | — | | | $ | 1,190,117 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | SBA— real estate | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 27,804 | | | $ | 42,304 | | | $ | 24,774 | | | $ | 28,473 | | | $ | 39,706 | | | $ | 70,475 | | | $ | — | | | $ | — | | | $ | 233,536 | | Special mention (1) | | — | | | — | | | 2,722 | | | — | | | 1,196 | | | 2,942 | | | — | | | — | | | 6,860 | | Substandard (1) | | — | | | 982 | | | 851 | | | 1,238 | | | 6,055 | | | 4,948 | | | — | | | — | | | 14,074 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 27,804 | | | $ | 43,286 | | | $ | 28,347 | | | $ | 29,711 | | | $ | 46,957 | | | $ | 78,365 | | | $ | — | | | $ | — | | | $ | 254,470 | | | Year-to-date charge-offs | | $ | — | | | $ | 19 | | | $ | — | | | $ | — | | | $ | 11 | | | $ | 3 | | | $ | — | | | $ | — | | | $ | 33 | | | SBA—non-real estate | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 3,479 | | | $ | 5,514 | | | $ | 7,196 | | | $ | 3,229 | | | $ | 1,502 | | | $ | 2,239 | | | $ | — | | | $ | — | | | $ | 23,159 | | | Special mention | | — | | | — | | | 71 | | | — | | | — | | | — | | | — | | | — | | | 71 | | Substandard (1) | | — | | | 14 | | | 442 | | | 52 | | | 168 | | | 178 | | | — | | | — | | | 854 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 3,479 | | | $ | 5,528 | | | $ | 7,709 | | | $ | 3,281 | | | $ | 1,670 | | | $ | 2,417 | | | $ | — | | | $ | — | | | $ | 24,084 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | 46 | | | $ | 88 | | | $ | — | | | $ | 25 | | | $ | — | | | $ | — | | | $ | 159 | | | C&I | | | | | | | | | | | | | | | | | | | | Pass | | $ | 10,398 | | | $ | 4,647 | | | $ | 17,246 | | | $ | 7,430 | | | $ | 9,069 | | | $ | 10,439 | | | $ | 160,299 | | | $ | 705 | | | $ | 220,233 | | | Special mention | | — | | | — | | | — | | | — | | | — | | | — | | | 1,315 | | | — | | | 1,315 | | | Substandard | | — | | | — | | | — | | | 75 | | | — | | | — | | | — | | | — | | | 75 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 10,398 | | | $ | 4,647 | | | $ | 17,246 | | | $ | 7,505 | | | $ | 9,069 | | | $ | 10,439 | | | $ | 161,614 | | | $ | 705 | | | $ | 221,623 | | | Year-to-date charge-offs | | $ | — | | | $ | 16 | | | $ | 13 | | | $ | 34 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 63 | | | Home mortgage | | | | | | | | | | | | | | | | | | | | Pass | | $ | 43,437 | | | $ | 123,224 | | | $ | 29,308 | | | $ | 42,068 | | | $ | 227,449 | | | $ | 100,064 | | | $ | — | | | $ | — | | | $ | 565,550 | | | Special mention | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | | — | | | — | | | — | | | — | | | 2,962 | | | — | | | — | | | — | | | 2,962 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 43,437 | | | $ | 123,224 | | | $ | 29,308 | | | $ | 42,068 | | | $ | 230,411 | | | $ | 100,064 | | | $ | — | | | $ | — | | | $ | 568,512 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Consumer | | | | | | | | | | | | | | | | | | | | Pass | | $ | 70 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 185 | | | $ | — | | | $ | 255 | | | Special mention | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 70 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 185 | | | $ | — | | | $ | 255 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Total loans | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 262,400 | | | $ | 503,761 | | | $ | 317,722 | | | $ | 156,301 | | | $ | 486,099 | | | $ | 327,821 | | | $ | 170,824 | | | $ | 705 | | | $ | 2,225,633 | | Special mention (1) | | — | | | — | | | 3,379 | | | — | | | 1,196 | | | 2,942 | | | 1,315 | | | — | | | 8,832 | | Substandard (1) | | — | | | 996 | | | 1,293 | | | 4,334 | | | 10,686 | | | 7,287 | | | — | | | — | | | 24,596 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 262,400 | | | $ | 504,757 | | | $ | 322,394 | | | $ | 160,635 | | | $ | 497,981 | | | $ | 338,050 | | | $ | 172,139 | | | $ | 705 | | | $ | 2,259,061 | | | Year-to-date charge-offs | | $ | — | | | $ | 35 | | | $ | 59 | | | $ | 122 | | | $ | 11 | | | $ | 28 | | | $ | — | | | $ | — | | | $ | 255 | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Term Loans by Origination Year | | Revolving Loans | | Revolving Loans Converted to Term Loans | | Total | | ($ in thousands) | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | | | | CRE | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 341,466 | | | $ | 243,845 | | | $ | 87,232 | | | $ | 222,690 | | | $ | 158,119 | | | $ | 57,954 | | | $ | 10,553 | | | $ | — | | | $ | 1,121,859 | | | Special mention | | — | | | 592 | | | — | | | — | | | 2,179 | | | — | | | — | | | — | | | 2,771 | | Substandard (1) | | — | | | — | | | 1,580 | | | 5,802 | | | — | | | 211 | | | — | | | — | | | 7,593 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 341,466 | | | $ | 244,437 | | | $ | 88,812 | | | $ | 228,492 | | | $ | 160,298 | | | $ | 58,165 | | | $ | 10,553 | | | $ | — | | | $ | 1,132,223 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 129 | | | $ | — | | | $ | — | | | $ | 129 | | | SBA— real estate | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 45,147 | | | $ | 26,310 | | | $ | 25,059 | | | $ | 47,886 | | | $ | 11,362 | | | $ | 68,727 | | | $ | — | | | $ | — | | | $ | 224,491 | | Special mention (1) | | — | | | 1,989 | | | — | | | 3,409 | | | 457 | | | 1,246 | | | — | | | — | | | 7,101 | | Substandard (1) | | — | | | 593 | | | 1,190 | | | 4,542 | | | 345 | | | 3,779 | | | — | | | — | | | 10,449 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 45,147 | | | $ | 28,892 | | | $ | 26,249 | | | $ | 55,837 | | | $ | 12,164 | | | $ | 73,752 | | | $ | — | | | $ | — | | | $ | 242,041 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 413 | | | $ | — | | | $ | — | | | $ | 413 | | | SBA—non-real estate | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 5,838 | | | $ | 7,538 | | | $ | 3,697 | | | $ | 1,695 | | | $ | 79 | | | $ | 2,967 | | | $ | — | | | $ | — | | | $ | 21,814 | | Special mention (1) | | 13 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 13 | | Substandard (1) | | — | | | 183 | | | 89 | | | 169 | | | — | | | 214 | | | — | | | — | | | 655 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 5,851 | | | $ | 7,721 | | | $ | 3,786 | | | $ | 1,864 | | | $ | 79 | | | $ | 3,181 | | | $ | — | | | $ | — | | | $ | 22,482 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | 3 | | | $ | — | | | $ | — | | | $ | 33 | | | $ | — | | | $ | — | | | $ | 36 | | | C&I | | | | | | | | | | | | | | | | | | | | Pass | | $ | 7,942 | | | $ | 19,098 | | | $ | 8,737 | | | $ | 10,379 | | | $ | 11,799 | | | $ | 1,364 | | | $ | 159,857 | | | $ | 756 | | | $ | 219,932 | | | Special mention | | — | | | — | | | — | | | — | | | — | | | — | | | 1,000 | | | — | | | 1,000 | | | Substandard | | — | | | — | | | — | | | — | | | 218 | | | — | | | 120 | | | — | | | 338 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 7,942 | | | $ | 19,098 | | | $ | 8,737 | | | $ | 10,379 | | | $ | 12,017 | | | $ | 1,364 | | | $ | 160,977 | | | $ | 756 | | | $ | 221,270 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | 41 | | | $ | 157 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 198 | | | Home mortgage | | | | | | | | | | | | | | | | | | | | Pass | | $ | 136,984 | | | $ | 33,996 | | | $ | 50,255 | | | $ | 244,188 | | | $ | 64,949 | | | $ | 41,788 | | | $ | — | | | $ | — | | | $ | 572,160 | | | Special mention | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | | — | | | — | | | — | | | 2,140 | | | — | | | — | | | — | | | — | | | 2,140 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 136,984 | | | $ | 33,996 | | | $ | 50,255 | | | $ | 246,328 | | | $ | 64,949 | | | $ | 41,788 | | | $ | — | | | $ | — | | | $ | 574,300 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | 77 | | | $ | — | | | $ | 14 | | | $ | — | | | $ | — | | | $ | 91 | | | Consumer | | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,353 | | | $ | — | | | $ | 1,353 | | | Special mention | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Substandard | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,353 | | | $ | — | | | $ | 1,353 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Total loans | | | | | | | | | | | | | | | | | | | Pass (1) | | $ | 537,377 | | | $ | 330,787 | | | $ | 174,980 | | | $ | 526,838 | | | $ | 246,308 | | | $ | 172,800 | | | $ | 171,763 | | | $ | 756 | | | $ | 2,161,609 | | Special mention (1) | | 13 | | | 2,581 | | | — | | | 3,409 | | | 2,636 | | | 1,246 | | | 1,000 | | | — | | | 10,885 | | Substandard (1) | | — | | | 776 | | | 2,859 | | | 12,653 | | | 563 | | | 4,204 | | | 120 | | | — | | | 21,175 | | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Subtotal | | $ | 537,390 | | | $ | 334,144 | | | $ | 177,839 | | | $ | 542,900 | | | $ | 249,507 | | | $ | 178,250 | | | $ | 172,883 | | | $ | 756 | | | $ | 2,193,669 | | | Year-to-date charge-offs | | $ | — | | | $ | — | | | $ | 44 | | | $ | 234 | | | $ | — | | | $ | 589 | | | $ | — | | | $ | — | | | $ | 867 | | | | | | | | | | | | | | | | | | | | |
(1)As of June 30, 2026 and December 31, 2025, $35.8 million and $27.3 million, respectively, of criticized loans with payments guaranteed by government agencies were classified as "Pass" rated.
|