No Ledger Board

Definitely odd, non standard construction.
In a way there are ledger “boards”.
Not a continuous ledger board as we typically see but a small one between each pair of joists.
And as you noted installed over the siding.

I wonder if the in between ledger boards were added later and it originally was just the joist hangers on siding.

I’d be very surprised if a permit was pulled on that.