Schedule of financing receivable credit quality indicators |
The following tables present the internally assigned risk grade by class of loans at the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | Term loans - amortized cost by origination year | | loans | | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | amortized cost | | Total | September 30, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 5,484 | | $ | 52,925 | | $ | 29,764 | | $ | 25,656 | | $ | 14,425 | | $ | 39,473 | | $ | — | | $ | 167,727 | Special mention | | | 1,216 | | | 355 | | | 1,791 | | | 455 | | | 57 | | | 345 | | | — | | | 4,219 | Substandard | | | 148 | | | 206 | | | 354 | | | — | | | — | | | 1,776 | | | — | | | 2,484 | Total commercial and industrial | | $ | 6,848 | | $ | 53,486 | | $ | 31,909 | | $ | 26,111 | | $ | 14,482 | | $ | 41,594 | | $ | — | | $ | 174,430 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | 1,021 | | $ | 45 | | $ | 321 | | $ | — | | $ | 1,387 | Construction and land: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 50 | | $ | 65 | | $ | 1,183 | | $ | 139 | | $ | 56 | | $ | 1,138 | | $ | — | | $ | 2,631 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total construction and land | | $ | 50 | | $ | 65 | | $ | 1,183 | | $ | 139 | | $ | 56 | | $ | 1,138 | | $ | — | | $ | 2,631 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 189,826 | | $ | 115,983 | | $ | 114,061 | | $ | 426,290 | | $ | 492,857 | | $ | 192,739 | | $ | — | | $ | 1,531,756 | Special mention | | | 14,108 | | | — | | | 635 | | | 8,805 | | | 12,285 | | | 36,681 | | | — | | | 72,514 | Substandard | | | 13,180 | | | — | | | 150 | | | 1,462 | | | 6,446 | | | 5,865 | | | — | | | 27,103 | Total commercial real estate | | $ | 217,114 | | $ | 115,983 | | $ | 114,846 | | $ | 436,557 | | $ | 511,588 | | $ | 235,285 | | $ | — | | $ | 1,631,373 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | 2,413 | | $ | — | | $ | 1,359 | | $ | — | | $ | 3,772 | Residential: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 4,058 | | $ | 23,506 | | $ | 306 | | $ | 27,873 | | $ | 39,175 | | $ | 5,490 | | $ | — | | $ | 100,408 | Special mention | | | — | | | — | | | — | | | — | | | 839 | | | 419 | | | — | | | 1,258 | Substandard | | | 1,111 | | | — | | | — | | | — | | | 313 | | | — | | | — | | | 1,424 | Total residential | | $ | 5,169 | | $ | 23,506 | | $ | 306 | | $ | 27,873 | | $ | 40,327 | | $ | 5,909 | | $ | — | | $ | 103,090 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 97 | | $ | 212 | | $ | — | | $ | 49 | | $ | 10 | | $ | 29 | | $ | — | | $ | 397 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total consumer | | $ | 97 | | $ | 212 | | $ | — | | $ | 49 | | $ | 10 | | $ | 29 | | $ | — | | $ | 397 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 2 | | $ | 2 | Total loans outstanding | | | | | | | | | | | | | | | | | | | | | | | | | Risk ratings | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 199,515 | | $ | 192,691 | | $ | 145,314 | | $ | 480,007 | | $ | 546,523 | | $ | 238,869 | | $ | — | | $ | 1,802,919 | Special mention | | | 15,324 | | | 355 | | | 2,426 | | | 9,260 | | | 13,181 | | | 37,445 | | | — | | | 77,991 | Substandard | | | 14,439 | | | 206 | | | 504 | | | 1,462 | | | 6,759 | | | 7,641 | | | — | | | 31,011 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total loans outstanding | | $ | 229,278 | | $ | 193,252 | | $ | 148,244 | | $ | 490,729 | | $ | 566,463 | | $ | 283,955 | | $ | — | | $ | 1,911,921 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | 3,434 | | $ | 45 | | $ | 1,680 | | $ | 2 | | $ | 5,161 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | Term loans - amortized cost by origination year | | loans | | | | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | amortized cost | | Total | December 31, 2023 | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 26,055 | | $ | 25,039 | | $ | 19,294 | | $ | 22,831 | | $ | 26,008 | | $ | 17,357 | | $ | 17,754 | | $ | 154,338 | Special mention | | | — | | | — | | | — | | | 1,323 | | | 932 | | | 1,926 | | | 1,831 | | | 6,012 | Substandard | | | — | | | — | | | — | | | 156 | | | 320 | | | 1,039 | | | 1,024 | | | 2,539 | Total commercial and industrial | | $ | 26,055 | | $ | 25,039 | | $ | 19,294 | | $ | 24,310 | | $ | 27,260 | | $ | 20,322 | | $ | 20,609 | | $ | 162,889 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 27 | | $ | 436 | | $ | — | | $ | 463 | Construction and land: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,217 | | $ | 6,040 | | $ | — | | $ | 1,177 | | $ | 109 | | $ | 650 | | $ | — | | $ | 9,193 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | 366 | | | — | | | — | | | — | | | 366 | Total construction and land | | $ | 1,217 | | $ | 6,040 | | $ | — | | $ | 1,543 | | $ | 109 | | $ | 650 | | $ | — | | $ | 9,559 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 80,576 | | $ | 397,319 | | $ | 377,165 | | $ | 140,265 | | $ | 180,859 | | $ | 370,887 | | $ | 9,405 | | $ | 1,556,476 | Special mention | | | — | | | 10,348 | | | 1,894 | | | 17,001 | | | 15,101 | | | 41,482 | | | — | | | 85,826 | Substandard | | | — | | | 158 | | | 946 | | | — | | | 11,579 | | | 13,600 | | | — | | | 26,283 | Total commercial real estate | | $ | 80,576 | | $ | 407,825 | | $ | 380,005 | | $ | 157,266 | | $ | 207,539 | | $ | 425,969 | | $ | 9,405 | | $ | 1,668,585 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Residential: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | $ | — | | $ | 2,432 | | $ | 4,319 | | $ | 7,986 | | $ | 36,814 | | $ | 32,420 | | $ | 83,971 | Special mention | | | — | | | — | | | — | | | — | | | 437 | | | — | | | — | | | 437 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 1,594 | | | — | | | 1,594 | Total residential | | $ | — | | $ | — | | $ | 2,432 | | $ | 4,319 | | $ | 8,423 | | $ | 38,408 | | $ | 32,420 | | $ | 86,002 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 172 | | $ | 3 | | $ | 175 | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 65 | | $ | 67 | | $ | — | | $ | 6 | | $ | 18 | | $ | 69 | | $ | 494 | | $ | 719 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | 19 | | | — | | | — | | | 19 | Total consumer | | $ | 65 | | $ | 67 | | $ | — | | $ | 6 | | $ | 37 | | $ | 69 | | $ | 494 | | $ | 738 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 5 | | $ | 5 | Total loans outstanding | | | | | | | | | | | | | | | | | | | | | | | | | Risk ratings | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 107,913 | | $ | 428,465 | | $ | 398,891 | | $ | 168,598 | | $ | 214,980 | | $ | 425,777 | | $ | 60,073 | | $ | 1,804,697 | Special mention | | | — | | | 10,348 | | | 1,894 | | | 18,324 | | | 16,470 | | | 43,408 | | | 1,831 | | | 92,275 | Substandard | | | — | | | 158 | | | 946 | | | 522 | | | 11,918 | | | 16,233 | | | 1,024 | | | 30,801 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total loans outstanding | | $ | 107,913 | | $ | 438,971 | | $ | 401,731 | | $ | 187,444 | | $ | 243,368 | | $ | 485,418 | | $ | 62,928 | | $ | 1,927,773 | YTD gross charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 27 | | $ | 608 | | $ | 8 | | $ | 643 |
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Schedule of past due financing receivables |
The following tables provide an aging of the Company’s loans receivable as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | | | | | | | | 90 Days | | | | | | | | | | | | | | investment > | | | 30–59 Days | | 60–89 Days | | or more | | Total | | | | | | | | Total loans | | 90 days and | | | past due | | past due | | past due | | past due | | Current | | PCD loans | | receivable | | accruing | September 30, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | $ | 675 | | $ | 588 | | $ | 231 | | $ | 1,494 | | $ | 172,813 | | $ | 123 | | $ | 174,430 | | $ | — | Construction and land | | | — | | | — | | | — | | | — | | | 2,620 | | | 11 | | | 2,631 | | | — | Commercial real estate | | | 2,032 | | | 3,527 | | | 1,455 | | | 7,014 | | | 1,600,916 | | | 23,443 | | | 1,631,373 | | | — | Residential | | | 27 | | | 2 | | | 1,030 | | | 1,059 | | | 101,727 | | | 304 | | | 103,090 | | | — | Consumer | | | — | | | — | | | — | | | — | | | 397 | | | — | | | 397 | | | — | Total | | $ | 2,734 | | $ | 4,117 | | $ | 2,716 | | $ | 9,567 | | $ | 1,878,473 | | $ | 23,881 | | $ | 1,911,921 | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | | | | | | | | 90 Days | | | | | | | | | | | | | | investment > | | | 30–59 Days | | 60–89 Days | | or more | | Total | | | | | | | | Total loans | | 90 days and | | | past due | | past due | | past due | | past due | | Current | | PCD loans | | receivable | | accruing | December 31, 2023 | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | $ | 803 | | $ | 146 | | $ | 1,782 | | $ | 2,731 | | $ | 159,960 | | $ | 198 | | $ | 162,889 | | $ | — | Construction and land | | | 97 | | | — | | | 366 | | | 463 | | | 9,071 | | | 25 | | | 9,559 | | | — | Commercial real estate | | | 2,908 | | | 1,702 | | | 7,793 | | | 12,403 | | | 1,631,129 | | | 25,053 | | | 1,668,585 | | | — | Residential | | | 55 | | | — | | | — | | | 55 | | | 85,500 | | | 447 | | | 86,002 | | | — | Consumer | | | — | | | — | | | — | | | — | | | 738 | | | — | | | 738 | | | — | Total | | $ | 3,863 | | $ | 1,848 | | $ | 9,941 | | $ | 15,652 | | $ | 1,886,398 | | $ | 25,723 | | $ | 1,927,773 | | $ | — |
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