XML 35 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2020
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Schedule of Allowance for Loan Losses by Portfolio Segment

The following tables present the total allowance for loan losses by portfolio segment for the periods presented.

 

 

 

June 30, 2020

 

(In thousands)

 

Commercial and Industrial

 

 

Commercial Real Estate

 

 

Construction and Land

 

 

Consumer

 

 

Student

 

 

Residential

Real Estate

 

 

Home Equity Lines of Credit

 

 

Unallocated

 

 

Total

 

Allowance for Loan Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, December 31, 2019

 

$

296

 

 

$

1,788

 

 

$

652

 

 

$

154

 

 

$

65

 

 

$

1,596

 

 

$

326

 

 

$

350

 

 

$

5,227

 

Charge-offs

 

 

(99

)

 

 

-

 

 

 

-

 

 

 

(19

)

 

 

(2

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(120

)

Recoveries

 

 

7

 

 

 

5

 

 

 

-

 

 

 

20

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

32

 

Provision (recovery)

 

 

339

 

 

 

382

 

 

 

366

 

 

 

(2

)

 

 

10

 

 

 

182

 

 

 

(16

)

 

 

-

 

 

 

1,261

 

Ending balance,

June 30, 2020

 

$

543

 

 

$

2,175

 

 

$

1,018

 

 

$

153

 

 

$

73

 

 

$

1,778

 

 

$

310

 

 

$

350

 

 

$

6,400

 

Ending balances individually evaluated for impairment

 

$

69

 

 

$

67

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

136

 

Ending balances collectively evaluated for impairment

 

$

474

 

 

$

2,108

 

 

$

1,018

 

 

$

153

 

 

$

73

 

 

$

1,778

 

 

$

310

 

 

$

350

 

 

$

6,264

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

702

 

 

$

9,025

 

 

$

201

 

 

$

-

 

 

$

-

 

 

$

377

 

 

$

-

 

 

 

 

 

 

$

10,305

 

Collectively evaluated for impairment

 

 

86,342

 

 

 

177,979

 

 

 

73,500

 

 

 

6,428

 

 

 

7,832

 

 

 

227,540

 

 

 

32,734

 

 

 

 

 

 

 

612,355

 

Ending balance, June 30, 2020

 

$

87,044

 

 

$

187,004

 

 

$

73,701

 

 

$

6,428

 

 

$

7,832

 

 

$

227,917

 

 

$

32,734

 

 

 

 

 

 

$

622,660

 

 

 

June 30, 2019

 

(In thousands)

 

Commercial and Industrial

 

 

Commercial Real Estate

 

 

Construction and Land

 

 

Consumer

 

 

Student

 

 

Residential

Real Estate

 

 

Home Equity Lines of Credit

 

 

Unallocated

 

 

Total

 

Allowance for Loan Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, December 31, 2018

 

$

483

 

 

$

1,738

 

 

$

635

 

 

$

145

 

 

$

68

 

 

$

1,311

 

 

$

446

 

 

$

350

 

 

$

5,176

 

Charge-offs

 

 

(74

)

 

 

-

 

 

 

-

 

 

 

(23

)

 

 

(10

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(107

)

Recoveries

 

 

1

 

 

 

75

 

 

 

-

 

 

 

9

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

85

 

Provision (recovery)

 

 

162

 

 

 

(34

)

 

 

15

 

 

 

10

 

 

 

9

 

 

 

137

 

 

 

(44

)

 

 

-

 

 

 

255

 

Ending balance, June 30, 2019

 

$

572

 

 

$

1,779

 

 

$

650

 

 

$

141

 

 

$

67

 

 

$

1,448

 

 

$

402

 

 

$

350

 

 

$

5,409

 

 

 

 

December 31, 2019

 

(In thousands)

 

Commercial and Industrial

 

 

Commercial Real Estate

 

 

Construction and Land

 

 

Consumer

 

 

Student

 

 

Residential

Real Estate

 

 

Home Equity Lines of Credit

 

 

Unallocated

 

 

Total

 

Allowance for Loan Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, December 31, 2018

 

$

483

 

 

$

1,738

 

 

$

635

 

 

$

145

 

 

$

68

 

 

$

1,311

 

 

$

446

 

 

$

350

 

 

$

5,176

 

Charge-offs

 

 

(328

)

 

 

-

 

 

 

-

 

 

 

(50

)

 

 

(13

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(391

)

Recoveries

 

 

2

 

 

 

80

 

 

 

-

 

 

 

14

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

96

 

Provision (recovery)

 

 

139

 

 

 

(30

)

 

 

17

 

 

 

45

 

 

 

10

 

 

 

285

 

 

 

(120

)

 

 

-

 

 

 

346

 

Ending balance, December 31, 2019

 

$

296

 

 

$

1,788

 

 

$

652

 

 

$

154

 

 

$

65

 

 

$

1,596

 

 

$

326

 

 

$

350

 

 

$

5,227

 

Ending balances individually evaluated for impairment

 

$

-

 

 

$

229

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

229

 

Ending balances collectively evaluated for impairment

 

$

296

 

 

$

1,559

 

 

$

652

 

 

$

154

 

 

$

65

 

 

$

1,596

 

 

$

326

 

 

$

350

 

 

$

4,998

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

187

 

 

$

2,847

 

 

$

233

 

 

$

-

 

 

$

-

 

 

$

379

 

 

$

-

 

 

 

 

 

 

$

3,646

 

Collectively evaluated for impairment

 

 

27,217

 

 

 

179,051

 

 

 

64,998

 

 

 

5,958

 

 

 

8,151

 

 

 

224,937

 

 

 

36,268

 

 

 

 

 

 

 

546,580

 

Ending balance, December 31, 2019

 

$

27,404

 

 

$

181,898

 

 

$

65,231

 

 

$

5,958

 

 

$

8,151

 

 

$

225,316

 

 

$

36,268

 

 

 

 

 

 

$

550,226

 

 
Schedule of Loans by Credit Quality Indicators

 


Loans by credit quality indicators were as follows at the dates presented:

 

 

 

June 30, 2020

 

(In thousands)

 

Commercial and Industrial

 

 

Commercial Real Estate

 

 

Construction and Land

 

 

Consumer

 

 

Student

 

 

Residential

Real Estate

 

 

Home Equity Lines of Credit

 

 

Total

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

86,035

 

 

$

175,248

 

 

$

71,046

 

 

$

6,426

 

 

$

7,832

 

 

$

220,639

 

 

$

30,691

 

 

$

597,917

 

Special mention

 

 

166

 

 

 

8,500

 

 

 

2,292

 

 

 

2

 

 

 

-

 

 

 

322

 

 

 

127

 

 

 

11,409

 

Substandard

 

 

843

 

 

 

3,256

 

 

 

363

 

 

 

-

 

 

 

-

 

 

 

6,956

 

 

 

1,916

 

 

 

13,334

 

Doubtful

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

87,044

 

 

$

187,004

 

 

$

73,701

 

 

$

6,428

 

 

$

7,832

 

 

$

227,917

 

 

$

32,734

 

 

$

622,660

 

 

 

December 31, 2019

 

(In thousands)

Commercial and Industrial

 

 

Commercial Real Estate

 

 

Construction and Land

 

 

Consumer

 

 

Student

 

 

Residential

Real Estate

 

 

Home Equity Lines of Credit

 

 

Total

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

26,555

 

 

$

175,063

 

 

$

62,231

 

 

$

5,955

 

 

$

8,151

 

 

$

218,686

 

 

$

34,218

 

 

$

530,859

 

Special mention

 

422

 

 

 

3,487

 

 

 

2,594

 

 

 

3

 

 

 

-

 

 

 

336

 

 

 

127

 

 

 

6,969

 

Substandard

 

427

 

 

 

3,348

 

 

 

406

 

 

 

-

 

 

 

-

 

 

 

6,294

 

 

 

1,923

 

 

 

12,398

 

Doubtful

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Loss

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

$

27,404

 

 

$

181,898

 

 

$

65,231

 

 

$

5,958

 

 

$

8,151

 

 

$

225,316

 

 

$

36,268

 

 

$

550,226

 
Schedule of Past Due Status of Loans

The past due status of loans at the dates presented were:

  

 

 

June 30, 2020

 

(In thousands)

 

30-59 Days

Past Due

 

 

60-89 Days

Past Due

 

 

90+ Days Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans

 

 

90+ Days Past Due and Accruing

 

 

Nonaccruals

 

Commercial and industrial

 

$

710

 

 

$

10

 

 

$

702

 

 

$

1,422

 

 

$

85,622

 

 

$

87,044

 

 

$

144

 

 

$

558

 

Commercial real estate

 

 

-

 

 

 

-

 

 

 

989

 

 

 

989

 

 

 

186,015

 

 

 

187,004

 

 

 

-

 

 

 

989

 

Construction and land

 

 

860

 

 

 

-

 

 

 

-

 

 

 

860

 

 

 

72,841

 

 

 

73,701

 

 

 

-

 

 

 

-

 

Consumer

 

 

7

 

 

 

1

 

 

 

-

 

 

 

8

 

 

 

6,420

 

 

 

6,428

 

 

 

-

 

 

 

-

 

Student

 

 

546

 

 

 

157

 

 

 

765

 

 

 

1,468

 

 

 

6,364

 

 

 

7,832

 

 

 

765

 

 

 

-

 

Residential real estate

 

 

392

 

 

 

763

 

 

 

-

 

 

 

1,155

 

 

 

226,762

 

 

 

227,917

 

 

 

-

 

 

 

-

 

Home equity lines of credit

 

 

44

 

 

 

-

 

 

 

65

 

 

 

109

 

 

 

32,625

 

 

 

32,734

 

 

 

65

 

 

 

-

 

Total

 

$

2,559

 

 

$

931

 

 

$

2,521

 

 

$

6,011

 

 

$

616,649

 

 

$

622,660

 

 

$

974

 

 

$

1,547

 

 

 

 

December 31, 2019

 

(In thousands)

 

30-59 Days

Past Due

 

 

60-89 Days

Past Due

 

 

90+ Days Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans

 

 

90+ Days Past Due and Accruing

 

 

Nonaccruals

 

Commercial and industrial

 

$

330

 

 

$

-

 

 

$

34

 

 

$

364

 

 

$

27,040

 

 

$

27,404

 

 

$

34

 

 

$

-

 

Commercial real estate

 

 

-

 

 

 

-

 

 

 

989

 

 

 

989

 

 

 

180,909

 

 

 

181,898

 

 

 

-

 

 

 

989

 

Construction and land

 

 

5,472

 

 

 

-

 

 

 

-

 

 

 

5,472

 

 

 

59,759

 

 

 

65,231

 

 

 

-

 

 

 

-

 

Consumer

 

 

11

 

 

 

1

 

 

 

-

 

 

 

12

 

 

 

5,946

 

 

 

5,958

 

 

 

-

 

 

 

-

 

Student

 

 

345

 

 

 

220

 

 

 

1,204

 

 

 

1,769

 

 

 

6,382

 

 

 

8,151

 

 

 

1,205

 

 

 

-

 

Residential real estate

 

 

739

 

 

 

109

 

 

 

397

 

 

 

1,245

 

 

 

224,071

 

 

 

225,316

 

 

 

397

 

 

 

-

 

Home equity lines of credit

 

 

389

 

 

 

-

 

 

 

-

 

 

 

389

 

 

 

35,879

 

 

 

36,268

 

 

 

-

 

 

 

-

 

Total

 

$

7,286

 

 

$

330

 

 

$

2,624

 

 

$

10,240

 

 

$

539,986

 

 

$

550,226

 

 

$

1,636

 

 

$

989

 
Schedule of Impaired Loans by Portfolio Segment

The following table presents information related to impaired loans, by portfolio segment, at the dates presented.

 

 

 

June 30, 2020

 

(In thousands)

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

144

 

 

$

144

 

 

$

-

 

 

$

165

 

 

$

2

 

Commercial real estate

 

 

8,227

 

 

 

8,227

 

 

 

-

 

 

 

8,263

 

 

 

171

 

Construction and land

 

 

201

 

 

 

201

 

 

 

-

 

 

 

210

 

 

 

5

 

Residential real estate

 

 

377

 

 

 

377

 

 

 

-

 

 

 

378

 

 

 

4

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

558

 

 

$

558

 

 

$

69

 

 

$

939

 

 

$

8

 

Commercial real estate

 

 

798

 

 

 

798

 

 

 

67

 

 

 

804

 

 

 

15

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

702

 

 

$

702

 

 

$

69

 

 

$

1,104

 

 

$

10

 

Commercial real estate

 

 

9,025

 

 

 

9,025

 

 

 

67

 

 

 

9,067

 

 

 

186

 

Construction and land

 

 

201

 

 

 

201

 

 

 

-

 

 

 

210

 

 

 

5

 

Residential real estate

 

 

377

 

 

 

377

 

 

 

-

 

 

 

378

 

 

 

4

 

Total

 

$

10,305

 

 

$

10,305

 

 

$

136

 

 

$

10,759

 

 

$

205

 

 

 

 

December 31, 2019

 

(In thousands)

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

187

 

 

$

187

 

 

$

-

 

 

$

287

 

 

$

13

 

Commercial real estate

 

 

1,048

 

 

 

1,048

 

 

 

-

 

 

 

1,213

 

 

 

61

 

Construction and land

 

 

233

 

 

 

233

 

 

 

-

 

 

 

494

 

 

 

25

 

Residential real estate

 

 

379

 

 

 

379

 

 

 

-

 

 

 

384

 

 

 

16

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

1,799

 

 

 

1,813

 

 

 

229

 

 

 

1,806

 

 

 

38

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

187

 

 

$

187

 

 

$

-

 

 

$

287

 

 

$

13

 

Commercial real estate

 

 

2,847

 

 

 

2,861

 

 

 

229

 

 

 

3,019

 

 

 

99

 

Construction and land

 

 

233

 

 

 

233

 

 

 

-

 

 

 

494

 

 

 

25

 

Residential real estate

 

 

379

 

 

 

379

 

 

 

-

 

 

 

384

 

 

 

16

 

Total

 

$

3,646

 

 

$

3,660

 

 

$

229

 

 

$

4,184

 

 

$

153

 
Summary of Modification Classified Troubled Debt Restructuring The following table summarizes a modification that was classified as a TDR during the three and six months ended June 30, 2020.  There were no loan modifications that were classified as TDRs during the three and six months ended June 30, 2019.

 

(Dollars in thousands)

 

Three and Six Months Ended

June 30, 2020

 

Class of Loan

 

Number of Contracts

 

Pre-Modification Outstanding Recorded Investment

 

 

Post-Modification Outstanding Recorded Investment

 

Commercial real estate

 

1

 

$

6,221

 

 

$

6,221