Loans (Tables)

9 Months Ended

Sep. 30, 2025

Loans consisted of the following on September 30, 2025 and December 31, 2024:


(Dollars in thousands)	September 30, 2025			December 31, 2024
Commercial and industrial	$	150,499		$	144,376
Commercial real estate		245,454			190,514
Commercial lessors of buildings		110,605			101,168
Construction		47,767			64,262
Consumer mortgage		191,677			177,578
Home equity line of credit		50,021			44,971
Consumer installment		9,453			9,645
Consumer indirect		4,667			5,276
Total loans		810,143			737,790
Allowance for credit losses		(8,720	)		(7,595	)
Deferred loan fees, net		(95	)		(149	)
Net Loans	$	801,328		$	730,046

Summary of Allowance for Loan Losses

The following table details activity in the allowance for credit losses ("ACL") by portfolio segment for the three and nine months ended September 30, 2025 and 2024.


(Dollars in thousands)	Beginning ACL Balance		Charge-offs			Recoveries		Provision (Recovery) for Credit Losses			Ending ACL Balance
Three Months Ended September 30, 2025
Commercial and industrial	$	3,073	$	(13	)	$	25	$	10		$	3,095
Commercial real estate		2,048		(2	)		—		254			2,300
Commercial lessors of buildings		1,228		—			—		139			1,367
Construction		581		—			—		(27	)		554
Consumer mortgage		779		—			—		70			849
Home equity line of credit		205		—			—		16			221
Consumer installment		92		(24	)		2		23			93
Consumer indirect		245		—			1		(5	)		241
	$	8,251	$	(39	)	$	28	$	480		$	8,720

Nine Months Ended September 30, 2025
Commercial and industrial	$	2,919	$	(82	)	$	25	$	233		$	3,095
Commercial real estate		1,681		(303	)		1		921			2,300
Commercial lessors of buildings		1,141		—			—		226			1,367
Construction		502		—			—		52			554
Consumer mortgage		812		—			1		36			849
Home equity line of credit		205		—			—		16			221
Consumer installment		92		(49	)		9		41			93
Consumer indirect		243		(8	)		4		2			241
	$	7,595	$	(442	)	$	40	$	1,527		$	8,720

Three Months Ended September 30, 2024
Commercial and industrial	$	5,274	$	(3,663	)	$	53	$	706		$	2,370
Commercial real estate		2,033		(420	)		—		(13	)		1,600
Commercial lessors of buildings		1,328		—			—		(32	)		1,296
Construction		326		—			—		(16	)		310
Consumer mortgage		1,061		—			1		30			1,092
Home equity line of credit		276		—			—		4			280
Consumer installment		74		(11	)		6		4			73
Consumer indirect		215		(1	)		27		(38	)		203
	$	10,587	$	(4,095	)	$	87	$	645		$	7,224

Nine Months Ended September 30, 2024
Commercial and industrial	$	1,737	$	(3,931	)	$	72	$	4,492		$	2,370
Commercial real estate		1,637		(420	)		1		382			1,600
Commercial lessors of buildings		1,200		—			—		96			1,296
Construction		333		—			—		(23	)		310
Consumer mortgage		1,107		—			10		(25	)		1,092
Home equity line of credit		288		—			—		(8	)		280
Consumer installment		76		(46	)		13		30			73
Consumer indirect		229		(60	)		33		1			203
	$	6,607	$	(4,457	)	$	129	$	4,945		$	7,224

Schedule of Aging of Accruing Past Due and Nonaccrual Loans

The following table presents the classes of the loan portfolio summarized by the past-due status.


(Dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days + Past Due		Total Past Due		Total Loans
September 30, 2025
Commercial and industrial	$	150,451	$	48	$	—	$	—	$	48	$	150,499
Commercial real estate		245,377		77		—		—		77		245,454
Commercial lessors of buildings		110,605		—		—		—		—		110,605
Construction		47,767		—		—		—		—		47,767
Consumer mortgage		190,702		542		433		—		975		191,677
Home equity line of credit		49,601		415		5		—		420		50,021
Consumer installment		9,434		19		—		—		19		9,453
Consumer indirect		4,616		24		27		—		51		4,667
Total Loans	$	808,553	$	1,125	$	465	$	—	$	1,590	$	810,143

December 31, 2024
Commercial and industrial	$	144,274	$	46	$	56	$	—	$	102	$	144,376
Commercial real estate		190,514		—		—		—		—		190,514
Commercial lessors of buildings		101,168		—		—		—		—		101,168
Construction		64,262		—		—		—		—		64,262
Consumer mortgage		176,403		633		56		486		1,175		177,578
Home equity line of credit		44,595		376		—		—		376		44,971
Consumer installment		9,637		5		3		—		8		9,645
Consumer indirect		5,238		27		11		—		38		5,276
Total Loans	$	736,091	$	1,087	$	126	$	486	$	1,699	$	737,790

NOTE 3 – LOANS (CONTINUED)

The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of September 30, 2025 and December 31, 2024:


(Dollars in thousands)	Nonaccrual with no ACL		Nonaccrual with ACL		Total Nonaccrual		Loans Past Due 90 Days or More Still Accruing		Total Nonperforming
September 30, 2025
Commercial and industrial	$	—	$	60	$	60	$	—	$	60
Commercial real estate		—		164		164		—		164
Commercial lessors of buildings		—		1		1		—		1
Construction		—		—		—		—		—
Consumer mortgage		—		344		344		—		344
Home equity line of credit		—		66		66		—		66
Consumer installment		—		35		35		—		35
Consumer indirect		—		76		76		—		76
Total Loans	$	—	$	746	$	746	$	—	$	746

December 31, 2024
Commercial and industrial	$	413	$	36	$	449	$	—	$	449
Commercial real estate		497		4		501		—		501
Commercial lessors of buildings		—		3		3		—		3
Construction		—		—		—		—		—
Consumer mortgage		—		80		80		486		566
Home equity line of credit		—		71		71		—		71
Consumer installment		—		48		48		—		48
Consumer indirect		—		67		67		—		67
Total Loans	$	910	$	309	$	1,219	$	486	$	1,705

Schedule of Collateral Dependent Loans

The following table presents the amortized cost basis of collateral dependent loans by class of loan:


	Type of Collateral
(Dollars in thousands)	Real Estate		Blanket Liens
September 30, 2025
Commercial and industrial	$	—	$	47
Commercial real estate		—		—
Total collateral dependent loans	$	—	$	47

December 31, 2024
Commercial and industrial	$	—	$	413
Commercial real estate		501		—
Total collateral dependent loans	$	501	$	413

Summary of Loans by Credit Quality Indicator

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Based on the most recent analysis performed, the following tables present the recorded investment in non-homogeneous loans by internal risk rating system as of September 30, 2025 and December 31, 2024:


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2025		2024		2023			2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
September 30, 2025
Commercial and industrial:
Pass	$	14,306	$	18,680	$	17,115		$	12,237	$	5,071	$	6,378	$	52,694	$	—	$	126,481
Special mention		—		—		47			98		71		—		512		—		728
Substandard		—		47		9,761	1		3,402		414		606		9,060		—		23,290
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	14,306	$	18,727	$	26,923		$	15,737	$	5,556	$	6,984	$	62,266	$	—	$	150,499
YTD gross charge-offs	$	—	$	—	$	55		$	—	$	—	$	—	$	27	$	—	$	82
Commercial real estate:
Pass	$	29,975	$	24,201	$	30,986		$	37,363	$	42,146	$	33,908	$	407	$	—	$	198,986
Special Mention		—		—		—			1,107		2,123		11,201		—		—		14,431
Substandard		130		336		20,971	2		459		2,281		7,860		—		—		32,037
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	30,105	$	24,537	$	51,957		$	38,929	$	46,550	$	52,969	$	407	$	—	$	245,454
YTD gross charge-offs	$	—	$	—	$	303		$	—	$	—	$	—	$	—	$	—	$	303
Commercial lessors of buildings:
Pass	$	18,913	$	18,985	$	21,806		$	20,177	$	14,480	$	14,592	$	473	$	—	$	109,426
Special Mention		—		—		—			—		174		—		—		—		174
Substandard		—		—		—			—		—		968		37		—		1,005
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	18,913	$	18,985	$	21,806		$	20,177	$	14,654	$	15,560	$	510	$	—	$	110,605
YTD gross charge-offs	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—
Commercial Construction:
Pass	$	8,427	$	16,362	$	2,459		$	7,698	$	701	$	1,194	$	2,076	$	—	$	38,917
Special Mention		—		—		—			—		—		—		—		—		—
Substandard		—		—		—			—		—		70		—		—		70
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	8,427	$	16,362	$	2,459		$	7,698	$	701	$	1,264	$	2,076	$	—	$	38,987
YTD gross charge-offs	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—
Total
Pass	$	71,621	$	78,228	$	72,366		$	77,475	$	62,398	$	56,072	$	55,650	$	—	$	473,810
Special Mention		—		—		47			1,205		2,368		11,201		512		—		15,333
Substandard		130		383		30,732	1, 2		3,861		2,695		9,504		9,097		—		56,402
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	71,751	$	78,611	$	103,145		$	82,541	$	67,461	$	76,777	$	65,259	$	—	$	545,545
YTD commercial gross charge-offs	$	—	$	—	$	358		$	—	$	—	$	—	$	27	$	—	$	385

1 Balances include $3.3 million USDA guarantee.

2 Balances include $16.4 million USDA guarantee.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023			2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
December 31, 2024
Commercial and industrial:
Pass	$	20,361	$	20,376		$	14,446	$	7,291	$	2,920	$	6,576	$	44,566	$	—	$	116,536
Special mention		—		869			2,227		812		161		—		1,987		—		6,056
Substandard		—		8,479	1		4,170		650		109		1,107		7,269		—		21,784
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	20,361	$	29,724		$	20,843	$	8,753	$	3,190	$	7,683	$	53,822	$	—	$	144,376
YTD gross charge-offs	$	—	$	1,393		$	—	$	10	$	—	$	—	$	4,268	$	—	$	5,671
Commercial real estate:
Pass	$	15,216	$	25,238		$	39,541	$	41,742	$	13,049	$	25,258	$	154	$	—	$	160,198
Special Mention		—		—			1,245		5,216		2,013		9,701		—		—		18,175
Substandard		345		1,252			196		2,211		6		8,131		—		—		12,141
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	15,561	$	26,490		$	40,982	$	49,169	$	15,068	$	43,090	$	154	$	—	$	190,514
YTD gross charge-offs	$	—	$	598		$	—	$	—	$	—	$	—	$	—	$	—	$	598
Commercial lessors of buildings:
Pass	$	22,287	$	23,003		$	21,576	$	15,206	$	3,043	$	13,792	$	384	$	—	$	99,291
Special Mention		—		—			—		180		—		—		—		—		180
Substandard		—		—			557		94		949		59		38		—		1,697
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	22,287	$	23,003		$	22,133	$	15,480	$	3,992	$	13,851	$	422	$	—	$	101,168
YTD gross charge-offs	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial construction:
Pass	$	12,420	$	9,588		$	8,084	$	818	$	845	$	431	$	2,239	$	—	$	34,425
Special Mention		—		—			—		—		—		—		—		—		—
Substandard		—		20,500	2		—		—		—		74		—		—		20,574
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	12,420	$	30,088		$	8,084	$	818	$	845	$	505	$	2,239	$	—	$	54,999
YTD gross charge-offs	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total

CSB Bancorp, Inc. 10-Q