XML 35 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 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.

 

 

 

September 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

 

 

(148

)

 

 

-

 

 

 

-

 

 

 

(21

)

 

 

(8

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(177

)

Recoveries

 

 

11

 

 

 

14

 

 

 

-

 

 

 

20

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

45

 

Provision (recovery)

 

 

699

 

 

 

361

 

 

 

294

 

 

 

(18

)

 

 

31

 

 

 

263

 

 

 

(24

)

 

 

-

 

 

 

1,606

 

Ending balance,

September 30, 2020

 

$

858

 

 

$

2,163

 

 

$

946

 

 

$

135

 

 

$

88

 

 

$

1,859

 

 

$

302

 

 

$

350

 

 

$

6,701

 

Ending balances individually evaluated for impairment

 

$

20

 

 

$

60

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

80

 

Ending balances collectively evaluated for impairment

 

$

838

 

 

$

2,103

 

 

$

946

 

 

$

135

 

 

$

88

 

 

$

1,859

 

 

$

302

 

 

$

350

 

 

$

6,621

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

509

 

 

$

8,369

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

377

 

 

$

-

 

 

 

 

 

 

$

9,255

 

Collectively evaluated for impairment

 

 

88,473

 

 

 

191,404

 

 

 

72,465

 

 

 

6,264

 

 

 

7,333

 

 

 

232,147

 

 

 

30,762

 

 

 

 

 

 

 

628,848

 

Ending balance, September 30, 2020

 

$

88,982

 

 

$

199,773

 

 

$

72,465

 

 

$

6,264

 

 

$

7,333

 

 

$

232,524

 

 

$

30,762

 

 

 

 

 

 

$

638,103

 

 

 

September 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

 

 

(93

)

 

 

-

 

 

 

-

 

 

 

(24

)

 

 

(12

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(129

)

Recoveries

 

 

2

 

 

 

77

 

 

 

-

 

 

 

14

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

93

 

Provision (recovery)

 

 

162

 

 

 

(34

)

 

 

15

 

 

 

10

 

 

 

9

 

 

 

137

 

 

 

(44

)

 

 

-

 

 

 

255

 

Ending balance, September 30, 2019

 

$

554

 

 

$

1,781

 

 

$

650

 

 

$

145

 

 

$

65

 

 

$

1,448

 

 

$

402

 

 

$

350

 

 

$

5,395

 

 

 

 

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:

 

 

 

September 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

 

$

88,139

 

 

$

188,682

 

 

$

70,110

 

 

$

6,261

 

 

$

7,333

 

 

$

225,260

 

 

$

28,785

 

 

$

614,570

 

Special mention

 

 

212

 

 

 

9,291

 

 

 

2,289

 

 

 

3

 

 

 

-

 

 

 

321

 

 

 

127

 

 

 

12,243

 

Substandard

 

 

631

 

 

 

1,800

 

 

 

66

 

 

 

-

 

 

 

-

 

 

 

6,943

 

 

 

1,850

 

 

 

11,290

 

Doubtful

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

88,982

 

 

$

199,773

 

 

$

72,465

 

 

$

6,264

 

 

$

7,333

 

 

$

232,524

 

 

$

30,762

 

 

$

638,103

 

 

 

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:

  

 

 

September 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

 

$

11

 

 

$

43

 

 

$

640

 

 

$

694

 

 

$

88,288

 

 

$

88,982

 

 

$

131

 

 

$

509

 

Commercial real estate

 

 

-

 

 

 

-

 

 

 

357

 

 

 

357

 

 

 

199,416

 

 

 

199,773

 

 

 

-

 

 

 

357

 

Construction and land

 

 

318

 

 

 

-

 

 

 

-

 

 

 

318

 

 

 

72,147

 

 

 

72,465

 

 

 

-

 

 

 

-

 

Consumer

 

 

24

 

 

 

-

 

 

 

7

 

 

 

31

 

 

 

6,233

 

 

 

6,264

 

 

 

7

 

 

 

-

 

Student

 

 

311

 

 

 

265

 

 

 

509

 

 

 

1,085

 

 

 

6,248

 

 

 

7,333

 

 

 

509

 

 

 

-

 

Residential real estate

 

 

708

 

 

 

383

 

 

 

379

 

 

 

1,470

 

 

 

231,054

 

 

 

232,524

 

 

 

-

 

 

 

379

 

Home equity lines of credit

 

 

129

 

 

 

-

 

 

 

-

 

 

 

129

 

 

 

30,633

 

 

 

30,762

 

 

 

-

 

 

 

-

 

Total

 

$

1,501

 

 

$

691

 

 

$

1,892

 

 

$

4,084

 

 

$

634,019

 

 

$

638,103

 

 

$

647

 

 

$

1,245

 

 

 

 

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.

 

 

 

September 30, 2020

 

(In thousands)

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

7,578

 

 

$

7,578

 

 

$

-

 

 

$

7,938

 

 

$

242

 

Residential real estate

 

 

377

 

 

 

377

 

 

 

-

 

 

 

378

 

 

 

4

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

509

 

 

$

509

 

 

$

20

 

 

$

509

 

 

$

8

 

Commercial real estate

 

 

791

 

 

 

791

 

 

 

60

 

 

 

801

 

 

 

28

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

509

 

 

$

509

 

 

$

20

 

 

$

509

 

 

$

8

 

Commercial real estate

 

 

8,369

 

 

 

8,369

 

 

 

60

 

 

 

8,739

 

 

 

270

 

Residential real estate

 

 

377

 

 

 

377

 

 

 

-

 

 

 

378

 

 

 

4

 

Total

 

$

9,255

 

 

$

9,255

 

 

$

80

 

 

$

9,626

 

 

$

282

 

 

 

 

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 nine months ended September 30, 2020.  There were no loan modifications that were classified as TDRs during the three months ended September 30, 2020 or during the three and nine months ended September 30, 2019.

 

(Dollars in thousands)

 

Nine Months Ended

September 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