XML 33 R23.htm IDEA: XBRL DOCUMENT

Note 5 - Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

(dollars in thousands)		*March 31, 2023*				December 31, 2022
Commercial and industrial:
Commercial		$	136,966			$	166,491
Municipal			110,092				67,987
Commercial real estate:
Non-owner occupied			310,289				316,867
Owner occupied			282,200				270,810
Construction			33,192				18,941
Consumer:
Home equity installment			59,461				59,118
Home equity line of credit			49,928				52,568
Auto loans - Recourse			12,207				12,929
Auto loans - Non-recourse			125,051				114,909
Direct finance leases			33,905				33,223
Other			13,181				11,709
Residential:
Real estate			417,026				398,136
Construction			45,322				42,232
Total			1,628,820				1,565,920
Less:
Allowance for credit losses on loans			(17,910	)			(17,149	)
Unearned lease revenue			(1,821	)			(1,746	)
Loans and leases, net		$	1,609,089			$	1,547,025

Schedule of Unamortized Net Costs and Premiums Included in Loans [Table Text Block]

(dollars in thousands)		*March 31, 2023*				December 31, 2022
Net unamortized fair value mark discount on acquired loans		$	(8,037	)		$	(9,064	)
Net unamortized deferred loan origination costs			4,775				4,630
Total		$	(3,262	)		$	(4,434	)

Financing Receivable, Nonaccrual [Table Text Block]

(dollars in thousands)		Nonaccrual With No Allowance for Credit Loss				Nonaccrual With Allowance for Credit Loss				Total Nonaccrual				Loans Past Due Over 89 Days Still Accruing
At March 31, 2023
Commercial and industrial:
Commercial		$	620			$	119			$	739			$	-
Municipal			-				-				-				-
Commercial real estate:
Non-owner occupied			143				168				311				-
Owner occupied			1,472				476				1,948				-
Consumer:
Home equity installment			-				-				-				-
Home equity line of credit			75				-				75				-
Auto loans - Recourse			11				-				11				-
Auto loans - Non-recourse			120				50				170				-
Direct finance leases			-				-				-				17
Other			2				-				2				-
Residential:
Real estate			86				-				86				-
Total		$	2,529			$	813			$	3,342			$	17

(dollars in thousands)		Nonaccrual With No Allowance for Credit Loss				Nonaccrual With Allowance for Credit Loss				Total Nonaccrual				Loans Past Due Over 89 Days Still Accruing
At December 31, 2022
Commercial and industrial:
Commercial		$	580			$	139			$	719			$	-
Municipal			-				-				-				-
Commercial real estate:
Non-owner occupied			168				215				383				-
Owner occupied			716				350				1,066				-
Consumer:
Home equity installment			-				-				-				-
Home equity line of credit			211				-				211				-
Auto loans - Recourse			135				18				153				-
Auto loans - Non-recourse			-				-				-				16
Direct finance leases			-				-				-				17
Other			-				-				-				-
Residential:
Real estate			3				-				3				-
Total		$	1,813			$	722			$	2,535			$	33

Financing Receivable, Modified [Table Text Block]

		Loans modified for the three months ended:
(dollars in thousands)		March 31, 2023
		Principal Forgiveness				Payment Delay				Term Extension				Interest Rate Reduction				Combination Term Extension and Principal Forgiveness				Combination Term Extension Interest Rate Reduction				Total Class of Financing Receivable
Commercial real estate:
Non-owner occupied		$	-			$	-			$	65			$	3,261			$	-			$	-				1.07	%
Total		$	-			$	-			$	65			$	3,261			$	-			$	-

(dollars in thousands)		*March 31, 2023*
		Principal Forgiveness				Weighted-Average Interest Rate Reduction				Weighted-Average Term Extension (Months)

Commercial real estate:
Non-owner occupied		$	-				6.13	%			6
Total		$	-				6.13	%			6

Financing Receivable, Past Due [Table Text Block]

																										Recorded
										Past due																investment past
		30 - 59 Days				60 - 89 Days				90 days				Total								Total				due ≥ 90 days
March 31, 2023		past due				past due				or more (1)				past due				Current				loans (3)				and accruing

Commercial and industrial:
Commercial		$	30				10				739			$	779			$	136,187			$	136,966			$	-
Municipal			-				-				-				-				110,092				110,092
Commercial real estate:
Non-owner occupied			-				-				311				311				309,978				310,289				-
Owner occupied			-				-				1,948				1,948				280,252				282,200				-
Construction			-				-				-				-				33,192				33,192				-
Consumer:
Home equity installment			167				55				-				222				59,239				59,461				-
Home equity line of credit			16				-				75				91				49,837				49,928				-
Auto loans - Recourse			46				5				11				62				12,145				12,207				-
Auto loans - Non-recourse			341				43				170				554				124,497				125,051				-
Direct finance leases			102				-				17				119				31,965				32,084	*(2)*			17
Other			7				5				2				14				13,167				13,181				-
Residential:
Real estate			22				-				86				108				416,918				417,026				-
Construction			-				-				-				-				45,322				45,322				-
Total		$	731			$	118			$	3,359			$	4,208			$	1,622,791			$	1,626,999			$	17

																											Recorded
										Past due																	investment past
		30 - 59 Days				60 - 89 Days				90 days				Total								Total					due ≥ 90 days
December 31, 2022		past due				past due				or more ⁽¹⁾				past due				Current				loans⁽³⁾					and accruing

Commercial and industrial
Commercial		$	-			$	-			$	719			$	719			$	165,772			$	166,491				$	-
Municipal			-				-				-				-				67,987				67,987					-
Commercial real estate:
Non-owner occupied			-				-				383				383				316,484				316,867					-
Owner occupied			42				-				1,066				1,108				269,702				270,810					-
Construction			-				-				-				-				18,941				18,941					-
Consumer:
Home equity installment			239				-				-				239				58,879				59,118					-
Home equity line of credit			110				151				211				472				52,096				52,568					-
Auto loans - Recourse			152				115				11				278				12,651				12,929					-
Auto loans - Non-recourse			411				86				158				655				114,254				114,909					16
Direct finance leases			186				-				17				203				31,274				31,477		(2)			17
Other			12				7				-				19				11,690				11,709					-
Residential:
Real estate			-				327				3				330				397,806				398,136					-
Construction			-				-				-				-				42,232				42,232					-
Total		$	1,152			$	686			$	2,568			$	4,406			$	1,559,768			$	1,564,174				$	33

Impaired Financing Receivables [Table Text Block]

						Recorded				Recorded
		Unpaid				investment				investment				Total
		principal				with				with no				recorded				Related
(dollars in thousands)		balance				allowance				allowance				investment				allowance
December 31, 2022
Commercial and industrial		$	942			$	139			$	580			$	719			$	48
Commercial real estate:
Non-owner occupied			762				215				547				762				42
Owner occupied			2,347				1,304				716				2,020				70
Consumer:
Home equity installment			33				-				-				-				-
Home equity line of credit			255				-				211				211				-
Auto loans			213				18				135				153				1
Residential:
Real estate			50				-				3				3				-
Total		$	4,602			$	1,676			$	2,192			$	3,868			$	161

		March 31, 2022
										Cash basis
		Average				Interest				interest
		recorded				income				income
(dollars in thousands)		investment				recognized				recognized

Commercial and industrial		$	272			$	-			$	-
Commercial real estate:
Non-owner occupied			2,302				46				-
Owner occupied			2,001				27				-
Construction			-				-				-
Consumer:
Home equity installment			16				-				-
Home equity line of credit			157				-				-
Auto loans			70				1				-
Direct finance leases			-				-				-
Other			-				-				-
Residential:
Real estate			564				25				-
Construction			-				-				-
Total		$	5,382			$	99			$	-

Financing Receivable Credit Quality Indicators [Table Text Block]

(dollars in thousands)		2023				2022				2021				2020				2019				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
Commercial and industrial
Risk Rating
Pass		$	3,619			$	25,468			$	27,091			$	9,752			$	9,257			$	14,888			$	44,165			$	-			$	134,240
Special Mention			-				124				-				-				-				-				68				-				192
Substandard			-				188				17				-				74				334				1,921				-				2,534
Doubtful			-				-				-				-				-				-				-				-				-
Total commercial and industrial		$	3,619			$	25,780			$	27,108			$	9,752			$	9,331			$	15,222			$	46,154			$	-			$	136,966
Commercial and industrial:
Current period gross write-offs		$	-			$	-			$	150			$	20			$	-			$	-			$	-			$	-			$	170
Commercial and industrial - municipal
Risk Rating
Pass		$	36,815			$	20,553			$	17,295			$	13,568			$	1,453			$	20,408			$	-			$	-			$	110,092
Special Mention			-				-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-				-
Total commercial and industrial - municipal		$	36,815			$	20,553			$	17,295			$	13,568			$	1,453			$	20,408			$	-			$	-			$	110,092
Commercial and industrial - municipal:
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Commercial real estate - non-owner occupied
Risk Rating
Pass		$	3,134			$	36,530			$	78,399			$	47,199			$	19,616			$	102,174			$	8,950			$	-			$	296,002
Special Mention			-				65				1,076				335				497				2,207				40				-				4,220
Substandard			-				-				-				278				87				9,702				-				-				10,067
Doubtful			-				-				-				-				-				-				-				-				-
Total commercial real estate - non-owner occupied		$	3,134			$	36,595			$	79,475			$	47,812			$	20,200			$	114,083			$	8,990			$	-			$	310,289
Commercial real estate - non-owner occupied:
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	32			$	-			$	-			$	32
Commercial real estate - owner occupied
Risk Rating
Pass		$	4,028			$	54,840			$	49,269			$	30,495			$	25,025			$	89,390			$	14,588			$	-			$	267,635
Special Mention			-				29				899				28				-				308				125				-				1,389
Substandard			1,412				-				350				-				-				10,779				635				-				13,176
Doubtful			-				-				-				-				-				-				-				-				-
Total commercial real estate - owner occupied		$	5,440			$	54,869			$	50,518			$	30,523			$	25,025			$	100,477			$	15,348			$	-			$	282,200
Commercial real estate - owner occupied:
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Commercial real estate - construction
Risk Rating
Pass		$	699			$	23,405			$	3,743			$	-			$	-			$	2,335			$	3,010			$	-			$	33,192
Special Mention			-				-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-				-
Total commercial real estate - construction		$	699			$	23,405			$	3,743			$	-			$	-			$	2,335			$	3,010			$	-			$	33,192
Commercial real estate - construction:
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

(dollars in thousands)		2023				2022				2021				2020				2019				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
Home equity installment
Payment performance
Performing		$	3,077			$	20,132			$	11,323			$	9,740			$	4,370			$	10,819			$	-			$	-			$	59,461
Non-performing			-				-				-				-				-				-				-				-				-
Total home equity installment		$	3,077			$	20,132			$	11,323			$	9,740			$	4,370			$	10,819			$	-			$	-			$	59,461
Home equity installment
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Home equity line of credit
Payment performance
Performing		$	-			$	-			$	-			$	-			$	-			$	-			$	39,325			$	10,528			$	49,853
Non-performing			-				-				-				-				-				-				75				-				75
Total home equity line of credit		$	-			$	-			$	-			$	-			$	-			$	-			$	39,400			$	10,528			$	49,928
Home equity line of credit
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Auto loans - recourse
Payment performance
Performing		$	914			$	2,778			$	4,045			$	2,763			$	1,254			$	442			$	-			$	-			$	12,196
Non-performing			-				-				-				-				-				11				-				-				11
Total auto loans - recourse		$	914			$	2,778			$	4,045			$	2,763			$	1,254			$	453			$	-			$	-			$	12,207
Auto loans - recourse
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Auto loans - non-recourse
Payment performance
Performing		$	21,786			$	54,393			$	23,818			$	12,427			$	7,654			$	4,803			$	-			$	-			$	124,881
Non-performing			-				-				75				65				22				8				-				-				170
Total auto loans - non-recourse		$	21,786			$	54,393			$	23,893			$	12,492			$	7,676			$	4,811			$	-			$	-			$	125,051
Auto loans - non-recourse
Current period gross write-offs		$	-			$	-			$	25			$	14			$	10			$	-			$	-			$	-			$	49
Direct finance leases ⁽¹⁾
Payment performance
Performing		$	3,804			$	15,952			$	10,157			$	3,465			$	454			$	56			$	-			$	-			$	33,888
Non-performing			-				-				17				-				-				-				-				-				17
Total direct finance leases		$	3,804			$	15,952			$	10,174			$	3,465			$	454			$	56			$	-			$	-			$	33,905
Direct finance leases
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Consumer - other
Payment performance
Performing		$	2,874			$	4,102			$	2,078			$	1,045			$	792			$	1,034			$	1,254			$	-			$	13,179
Non-performing			-				-				-				-				-				2				-				-				2
Total consumer - other		$	2,874			$	4,102			$	2,078			$	1,045			$	792			$	1,036			$	1,254			$	-			$	13,181
Consumer - other
Current period gross write-offs		$	3			$	30			$	3			$	3			$	8			$	5											$	52
Residential real estate
Payment performance
Performing		$	17,499			$	61,113			$	132,880			$	52,928			$	31,437			$	121,083			$	-			$	-			$	416,940
Non-performing			-				-				-				-				-				86				-				-				86
Total residential real estate		$	17,499			$	61,113			$	132,880			$	52,928			$	31,437			$	121,169			$	-			$	-			$	417,026
Residential real estate
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Residential - construction
Payment performance
Performing		$	742			$	24,663			$	14,576			$	4,471			$	428			$	442			$	-			$	-			$	45,322
Non-performing			-				-				-				-				-				-				-				-				-
Total residential - construction		$	742			$	24,663			$	14,576			$	4,471			$	428			$	442			$	-			$	-			$	45,322
Residential - construction
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

		December 31, 2022
(dollars in thousands)			Pass				Special mention				Substandard				Doubtful				Total

Commercial and industrial		$	231,614			$	229			$	2,635			$	-			$	234,478
Commercial real estate - non-owner occupied			301,386				4,227				11,254				-				316,867
Commercial real estate - owner occupied			255,921				803				14,086				-				270,810
Commercial real estate - construction			18,941				-				-				-				18,941
Total commercial		$	807,862			$	5,259			$	27,975			$	-			$	841,096

		December 31, 2022
(dollars in thousands)		Performing				Non-performing				Total

Consumer
Home equity installment		$	59,118			$	-			$	59,118
Home equity line of credit			52,357				211				52,568
Auto loans			131,767				169				131,936
Direct finance leases ⁽²⁾			31,460				17				31,477
Other			7,611				-				7,611
Total consumer			282,313				397				282,710
Residential
Real estate			398,133				3				398,136
Construction			42,232				-				42,232
Total residential			440,365				3				440,368
Total consumer & residential		$	722,678			$	400			$	723,078

Schedule of Collateral Dependent Loans [Table Text Block]

(dollars in thousands)		Real Estate				Other				Total Collateral-Dependent Non-Accrual Loans
At March 31, 2023
Commercial and industrial:
Commercial		$	-			$	739			$	739
Municipal			-				-				-
Commercial real estate:
Non-owner occupied			310				-				310
Owner occupied			1,948				-				1,948
Consumer:
Home equity installment			-				-				-
Home equity line of credit			75				-				75
Auto loans - Recourse			-				11				11
Auto loans - Non-recourse			-				171				171
Direct finance leases			-				-				-
Other			-				2				2
Residential:
Real estate			86				-				86
Total		$	2,419			$	923			$	3,342

Financing Receivable, Allowance for Credit Loss [Table Text Block]

*As of and for the three months ended March 31, 2023*
		Commercial &				Commercial									Residential
(dollars in thousands)		industrial				real estate				Consumer					real estate				Unallocated				Total
Allowance for Credit Losses:
Beginning balance		$	2,924			$	7,162			$	2,827				$	4,169			$	67			$	17,149
Impact of adopting ASC 326			278				756				(547	)				198				(67	)			618
Initial allowance on loans purchased with credit deterioration			-				126				-					-				-				126
Charge-offs			(170	)			(32	)			(101	)				-				-				(303	)
Recoveries			20				39				72					9				-				140
Provision (credit) for loan losses			(502	)			106				197					307				72				180
Ending balance		$	2,550			$	8,157			$	2,448				$	4,683			$	72			$	17,910
Ending balance: individually evaluated		$	42			$	202			$	5				$	-			$	-			$	249
Ending balance: collectively evaluated		$	2,508			$	7,955			$	2,443				$	4,683			$	72			$	17,661
Loans Receivables:
Ending balance ⁽²⁾		$	247,057			$	625,682			$	291,912		*(1)*		$	462,348			$	-			$	1,626,999
Ending balance: individually evaluated		$	772			$	7,198			$	259				$	474			$	-			$	8,703
Ending balance: collectively evaluated		$	246,285			$	618,484			$	291,653				$	461,874			$	-			$	1,618,296

As of and for the year ended December 31, 2022
		Commercial &				Commercial									Residential
(dollars in thousands)		industrial				real estate				Consumer					real estate				Unallocated				Total
Allowance for Loan Losses:
Beginning balance		$	2,204			$	7,422			$	2,404				$	3,508			$	86			$	15,624
Charge-offs			(371	)			(67	)			(377	)				-				-				(815	)
Recoveries			11				153				74					2				-				240
Provision			1,080				(346	)			726					659				(19	)			2,100
Ending balance		$	2,924			$	7,162			$	2,827				$	4,169			$	67			$	17,149
Ending balance: individually evaluated for impairment		$	48			$	112			$	1				$	-			$	-			$	161
Ending balance: collectively evaluated for impairment		$	2,876			$	7,050			$	2,826				$	4,169			$	67			$	16,988
Loans Receivables:
Ending balance ⁽²⁾		$	234,478			$	606,618			$	282,710		(1)		$	440,368			$	-			$	1,564,174
Ending balance: individually evaluated for impairment		$	719			$	2,782			$	364				$	3			$	-			$	3,868
Ending balance: collectively evaluated for impairment		$	233,759			$	603,836			$	282,346				$	440,365			$	-			$	1,560,306

As of and for the three months ended March 31, 2022
		Commercial &				Commercial								Residential
(dollars in thousands)		industrial				real estate				Consumer				real estate				Unallocated				Total
Allowance for Loan Losses:
Beginning balance		$	2,204			$	7,422			$	2,404			$	3,508			$	86			$	15,624
Charge-offs			-				(1	)			(94	)			-				-				(95	)
Recoveries			2				9				14				2				-				27
Provision			574				(608	)			223				341				(5	)			525
Ending balance		$	2,780			$	6,822			$	2,547			$	3,851			$	81			$	16,081

Schedule of Credit Loss on Unfunded Commitments [Table Text Block]

(dollars in thousands)		For the Three Months Ended March 31, 2023				For the Three Months Ended March 31, 2022
Beginning balance		$	49			$	63
Impact of adopting ASC 326			1,060				-
Provision (credit) for loan losses			225				(11	)
Ending balance		$	1,334			$	52

Sales-Type and Direct Financing Leases, Payment to be Received, Maturity [Table Text Block]

(dollars in thousands)		Amount

2023		$	8,830
2024			10,916
2025			11,117
2026			2,750
2027			208
2028 and thereafter			27
Total future minimum lease payments receivable			33,848
Less: Unearned income			(1,821	)
Undiscounted cash flows to be received		$	32,027