ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2019

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES

Changes in the Allowance for Loan Losses

	Commercial				Commercial		Residential		Consumer
	and				Real		Real		and
(Dollars in thousands)	Industrial		Construction		Estate		Estate		Other		Unallocated		Total
Year Ended :
December 31, 2019
Beginning balance	$	603	$	663	$	5,575	$	1,371	$	23	$	540	$	8,775
Charge-offs		(198)		—		(473)		(499)		(76)		—		(1,246)
Recoveries		3		—		124		71		9		—		207
Provision		767		(126)		1,491		395		53		(49)		2,531
Ending balance	$	1,175	$	537	$	6,717	$	1,338	$	9	$	491	$	10,267
December 31, 2018
Beginning balance	$	208	$	336	$	5,185	$	1,032	$	26	$	548	$	7,335
Charge-offs		(11)		—		(26)		(22)		(69)		—		(128)
Recoveries		3		—		17		91		20		—		131
Provision		403		327		399		270		46		(8)		1,437
Ending balance	$	603	$	663	$	5,575	$	1,371	$	23	$	540	$	8,775

Allowances of Loan Losses and Loans Receivable by Class Disaggregated

	Allowance for Loan Losses						Loans Receivable
					Balance
			Balance		Related to
			Loans		Loans
			Individually		Collectively				Individually		Collectively
			Evaluated for		Evaluated for				Evaluated for		Evaluated for
(Dollars in thousands)	Balance		Impairment		Impairment		Balance		Impairment (a)		Impairment
December 31, 2019
Commercial and industrial	$	1,175	$	353	$	822	$	124,937	$	835	$	124,102
Construction		537		—		537		125,291		250		125,041
Commercial real estate		6,717		296		6,421		995,220		7,176		988,044
Residential real estate		1,338		67		1,271		382,567		6,002		376,565
Consumer and other loans		9		—		9		2,097		—		2,097
Unallocated		491		—		—		—		—		—
Total	$	10,267	$	716	$	9,060	$	1,630,112	$	14,263	$	1,615,849
December 31, 2018
Commercial and industrial	$	603	$	152	$	451	$	81,709	$	372	$	81,337
Construction		663		—		663		142,321		—		142,321
Commercial real estate		5,575		274		5,301		878,449		15,760		862,689
Residential real estate		1,371		89		1,282		370,955		4,572		366,383
Consumer and other loans		23		—		23		2,393		—		2,393
Unallocated		540		—		—		—		—		—
Total	$	8,775	$	515	$	7,720	$	1,475,827	$	20,704	$	1,455,123

An Age Analysis of Loans Receivable

													Recorded
													Investment
					Greater						Total		> 90 Days
	30-59 Days		60-89  days		Than		Total Past				Financing		and
(Dollars in thousands)	Past Due		Past Due		90 Days (a)		Due		Current		Receivables		Accruing
December 31, 2019
Commercial and industrial	$	300	$	5	$	701	$	1,006	$	123,931	$	124,937	$	—
Construction		—		—		—		—		125,291		125,291		—
Commercial real estate		6,326		68		5,643		12,037		983,183		995,220		—
Residential real estate		563		520		5,070		6,153		376,414		382,567		—
Consumer and other		14		1		1		16		2,081		2,097		—
Total	$	7,203	$	594	$	11,415	$	19,212	$	1,610,900	$	1,630,112	$	—
December 31, 2018
Commercial and industrial	$	491	$	—	$	372	$	863	$	80,846	$	81,709	$	—
Construction		—		582		—		582		141,739		142,321		—
Commercial real estate		2,282		—		15,760		18,042		860,407		878,449		—
Residential real estate		393		35		4,572		5,000		365,955		370,955		—
Consumer and other		4		1		—		5		2,388		2,393		—
Total	$	3,170	$	618	$	20,704	$	24,492	$	1,451,335	$	1,475,827	$	—

(a) includes loans greater than 90 days past due and still accruing and non-accrual loans. At both December 31, 2019 and 2018, there were no loans 90 days past due and still accruing.

Loans Which the Accrual of Interest has been Discontinued

(Dollars in thousands)	December 31, 2019		December 31, 2018
Commercial and industrial	$	701	$	372
Construction		—		—
Commercial real estate		5,643		15,760
Residential real estate		5,070		4,572
Consumer and other		1		—
Total	$	11,415	$	20,704

Credit Risk Profile by Creditworthiness

			Special
(Dollars in thousands)	Pass		Mention		Substandard		Doubtful		Total
December 31, 2019
Commercial and industrial	$	124,102	$	—	$	835	$	—	$	124,937
Construction		122,689		2,352		250		—		125,291
Commercial real estate		982,480		5,520		7,220		—		995,220
	$	1,229,271	$	7,872	$	8,305	$	—	$	1,245,448
December 31, 2018
Commercial and industrial	$	80,977	$	32	$	700	$	—	$	81,709
Construction		141,871		—		450		—		142,321
Commercial real estate		855,180		3,908		19,361		—		878,449
	$	1,078,028	$	3,940	$	20,511	$	—	$	1,102,479

	Residential Real		Consumer
(Dollars in thousands)	Estate		and other
December 31, 2019
Performing	$	377,497	$	2,096
Non-Performing		5,070		1
Total	$	382,567	$	2,097
December 31, 2018
Performing	$	366,408	$	2,393
Non-Performing		4,547		—
Total	$	370,955	$	2,393

Impaired Loans

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
(Dollars in thousands)	Investment		Balance		Allowance		Investment		Recognized
December 31, 2019
With no related allowance recorded:
Commercial and industrial	$	345	$	495	$	—	$	184	$	8
Construction		250		250		—		250		—
Commercial real estate		6,632		5,790		—		10,474		170
Residential real estate		5,450		5,775		—		4,831		100
With an allowance recorded:
Commercial and industrial		490		491		353		406		7
Commercial real estate		544		498		296		947		10
Residential real estate		552		548		67		505		3
Consumer and other		—		—		—		—		—
Total:
Commercial and industrial		835		986		353		590		15
Construction		250		250		—		250		—
Commercial real estate		7,176		6,288		296		11,421		180
Residential real estate		6,002		6,323		67		5,336		103
Consumer and other		—		—		—		—		—
	$	14,263	$	13,847	$	716	$	17,597	$	298

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
(Dollars in thousands)	Investment		Balance		Allowance		Investment		Recognized
December 31, 2018
With no related allowance recorded:
Commercial and industrial	$	—	$	10	$	—	$	4	$	—
Construction		—		—		—		21		—
Commercial real estate		13,745		13,745		—		9,774		102
Residential real estate		2,790		2,790		—		3,082		48
With an allowance recorded:
Commercial and industrial		372		572		152		195		—
Commercial real estate		2,015		2,437		274		1,291		4
Residential real estate		1,782		2,329		89		714		—
Consumer and other		—		—		—		—		—
Total:
Commercial and industrial		372		582		152		199		—
Construction		—		—		—		21		—
Commercial real estate		15,760		16,182		274		11,065		106
Residential real estate		4,572		5,119		89		3,796		48
Consumer and other		—		—		—		—		—
	$	20,704	$	21,883	$	515	$	15,081	$	154

Troubled Debt Restructured on Recorded Investment

	Commercial		Commercial &		Residential
(Dollars in thousands)	Real Estate		Industrial		Real Estate		Total
December 31, 2019
Performing	$	416	$	131	$	909	$	1,456
Non-performing		395		35		638		1,068
Total	$	811	$	166	$	1,547	$	2,524
December 31, 2018
Performing	$	431	$	—	$	475	$	906
Non-performing		1,531		—		517		2,048
Total	$	1,962	$	—	$	992	$	2,954

Troubled Debt Restructurings in Current Year

				Post-Modification
		Pre-Modification		Outstanding
		Outstanding Recorded		Recorded
(Dollars in thousands)	Number of Loans	Investment		Investment
December 31, 2019
Commercial & industrial	1	$	135	$	133
Residential real estate	3		636		635

				Post-Modification
		Pre-Modification		Outstanding
		Outstanding Recorded		Recorded
(Dollars in thousands)	Number of Loans	Investment		Investment
December 31, 2018
Residential real estate	1	$	514	$	306