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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Components of Loans in the Consolidated Balance Sheet
The components of loans in the Consolidated Balance Sheet at March 31, 2018 and December 31, 2017, were as follows:
(Dollars in thousands)
 
March 31, 2018
 
December 31, 2017
Commercial and Non-Residential Real Estate
 
$
824,625

 
$
783,909

Residential Real Estate
 
260,513

 
246,214

Home Equity
 
59,526

 
62,400

Consumer
 
11,909

 
12,783

Total Loans
 
$
1,156,573

 
$
1,105,306

Deferred loan origination fees and costs, net
 
600

 
635

Loans receivable
 
$
1,157,173

 
$
1,105,941
Allowance Activity
The following tables summarize the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2018:
(Dollars in thousands)
 
Commercial
 
Residential
 
Home Equity
 
Consumer
 
Total
ALL balance at December 31, 2017
 
$
7,804

 
$
1,119

 
$
705

 
$
250

 
$
9,878

     Charge-offs
 
(324
)
 
(11
)
 
—

 
(21
)
 
(356
)
     Recoveries
 
2

 
9

 
56

 
4

 
71

     Provision
 
516

 
60

 
(68
)
 
(34
)
 
474

ALL balance at March 31, 2018
 
$
7,998

 
$
1,177

 
$
693

 
$
199

 
$
10,067

Individually evaluated for impairment
 
$
915

 
$
—

 
$
—

 
$
—

 
$
915

Collectively evaluated for impairment
 
$
7,083

 
$
1,177

 
$
693

 
$
199

 
$
9,152

The following tables summarize the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2017:
(Dollars in thousands)
 
Commercial
 
Residential
 
Home Equity
 
Consumer
 
Total
ALL balance at December 31, 2016
 
$
7,181

 
$
990

 
$
728

 
$
202

 
$
9,101

     Charge-offs
 
(113
)
 
(141
)
 
(33
)
 
(3
)
 
(290
)
     Recoveries
 
9

 
32

 
1

 
1

 
43

     Provision
 
208

 
204

 
94

 
12

 
518

ALL balance at March 31, 2017
 
$
7,285

 
$
1,085

 
$
790

 
$
212

 
$
9,372

Individually evaluated for impairment
 
$
279

 
$
46

 
$
36

 
$
25

 
$
386

Collectively evaluated for impairment
 
$
7,006

 
$
1,039

 
$
754

 
$
187

 
$
8,986
Primary Segments of the Loan Portfolio
The following table summarizes the primary segments of the Company loan portfolio as of March 31, 2017:
(Dollars in thousands)
 
Commercial
 
Residential
 
Home Equity
 
Consumer
 
Total
     Individually evaluated for impairment
 
$
10,300

 
$
1,356

 
$
647

 
$
125

 
$
12,428

     Collectively evaluated for impairment
 
742,031

 
243,250

 
64,523

 
13,636

 
1,063,440

Total Loans
 
$
752,331

 
$
244,606

 
$
65,170

 
$
13,761

 
$
1,075,868

The following table summarizes the primary segments of the Company loan portfolio as of March 31, 2018:
(Dollars in thousands)
 
Commercial
 
Residential
 
Home Equity
 
Consumer
 
Total
     Individually evaluated for impairment
 
$
12,957

 
$
1,707

 
$
44

 
$
43

 
$
14,751

     Collectively evaluated for impairment
 
811,668

 
258,806

 
59,482

 
11,866

 
1,141,822

Total Loans
 
$
824,625

 
$
260,513

 
$
59,526

 
$
11,909

 
$
1,156,573
Impaired Loans by Class
The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of March 31, 2018 and December 31, 2017:
 
 
Impaired Loans with Specific Allowance
 
Impaired Loans with No Specific Allowance
 
Total Impaired Loans
(Dollars in thousands)
 
Recorded Investment
 
Related Allowance
 
Recorded Investment
 
Recorded Investment
 
Unpaid Principal Balance
March 31, 2018
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
$
139

 
$
76

 
$
4,738

 
$
4,877

 
$
4,898

     Commercial Real Estate
 
4,026

 
839

 
2,762

 
6,788

 
7,596

     Acquisition & Development
 
—

 
—

 
1,292

 
1,292

 
3,572

          Total Commercial
 
4,165

 
915

 
8,792

 
12,957

 
16,066

Residential
 
—

 
—

 
1,707

 
1,707

 
1,755

Home Equity
 
—

 
—

 
44

 
44

 
44

Consumer
 
—

 
—

 
43

 
43

 
49

          Total Impaired Loans
 
$
4,165

 
$
915

 
$
10,586

 
$
14,751

 
$
17,914

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
$
3,283

 
$
22

 
$
979

 
$
4,262

 
$
4,275

     Commercial Real Estate
 
4,603

 
1,150

 
2,814

 
7,417

 
7,921

     Acquisition & Development
 
—

 
—

 
2,117

 
2,117

 
4,090

          Total Commercial
 
7,886

 
1,172

 
5,910

 
13,796

 
16,286

Residential
 
—

 
—

 
1,569

 
1,569

 
1,601

Home Equity
 
—

 
—

 
13

 
13

 
13

Consumer
 
69

 
16

 
109

 
178

 
475

          Total Impaired Loans
 
$
7,955

 
$
1,188

 
$
7,601

 
$
15,556

 
$
18,375
Average Recorded Investment in Impaired Loans and Related Interest Income Recognized
The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated:
 
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
(Dollars in thousands)
 
Average Investment in Impaired Loans
 
Interest Income Recognized on Accrual Basis
 
Interest Income Recognized on Cash Basis
 
Average Investment in Impaired Loans
 
Interest Income Recognized on Accrual Basis
 
Interest Income Recognized on Cash Basis
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
  Commercial Business
 
$
4,525

 
$
38

 
$
53

 
$
3,349

 
$
39

 
$
13

  Commercial Real Estate
 
7,431

 
21

 
23

 
2,803

 
25

 
26

  Acquisition & Development
 
1,837

 
—

 
—

 
3,775

 
2

 
3

    Total Commercial
 
13,793

 
59

 
76

 
9,927

 
66

 
42

Residential
 
1,747

 
5

 
48

 
1,417

 
2

 
17

Home Equity
 
65

 
—

 
—

 
653

 
—

 
—

Consumer
 
132

 
—

 
—

 
142

 
—

 
—

Total
 
$
15,737

 
$
64

 
$
124

 
$
12,139

 
$
68

 
$
59
Classes of the Loan Portfolio Summarized by the Aggregate Pass and the Criticized Categories
The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of March 31, 2018 and December 31, 2017:
(Dollars in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
March 31, 2018
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
$
380,106

 
$
4,793

 
$
4,547

 
$
—

 
$
389,446

     Commercial Real Estate
 
304,669

 
14,553

 
2,394

 
4,236

 
325,852

     Acquisition & Development
 
105,111

 
994

 
2,230

 
992

 
109,327

          Total Commercial
 
789,886

 
20,340

 
9,171

 
5,228

 
824,625

Residential
 
257,307

 
2,879

 
205

 
122

 
260,513

Home Equity
 
58,413

 
1,074

 
39

 
—

 
59,526

Consumer
 
11,695

 
191

 
16

 
7

 
11,909

          Total Loans
 
$
1,117,301

 
$
24,484

 
$
9,431

 
$
5,357

 
$
1,156,573

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
$
371,041

 
$
4,816

 
$
4,506

 
$
—

 
$
380,363

     Commercial Real Estate
 
271,751

 
22,995

 
5,961

 
1,149

 
301,856

     Acquisition & Development
 
96,712

 
931

 
2,230

 
1,817

 
101,690

          Total Commercial
 
739,504

 
28,742

 
12,697

 
2,966

 
783,909

Residential
 
242,823

 
3,036

 
223

 
132

 
246,214

Home Equity
 
61,037

 
1,311

 
52

 
—

 
62,400

Consumer
 
12,453

 
174

 
25

 
131

 
12,783

          Total Loans
 
$
1,055,817

 
$
33,263

 
$
12,997

 
$
3,229

 
$
1,105,306
Classes of the Loan Portfolio Summarized by Aging Categories
The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of March 31, 2018 and December 31, 2017:
(Dollars in thousands)
 
Current
 
30-59 Days Past Due
 
60-89 Days Past Due
 
90+ Days Past Due
 
Total Past Due
 
Total Loans
 
Non-Accrual
 
90+ Days Still Accruing
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
$
387,428

 
$
473

 
$
393

 
$
1,152

 
$
2,018

 
$
389,446

 
$
1,758

 
$
—

     Commercial Real Estate
 
321,198

 
1,188

 
—

 
3,466

 
4,654

 
325,852

 
4,664

 
—

     Acquisition & Development
 
108,035

 
860

 
—

 
432

 
1,292

 
109,327

 
1,292

 
—

          Total Commercial
 
816,661

 
2,521

 
393

 
5,050

 
7,964

 
824,625

 
7,714

 
—

Residential
 
255,659

 
4,417

 
108

 
329

 
4,854

 
260,513

 
1,301

 
—

Home Equity
 
59,050

 
194

 
282

 
—

 
476

 
59,526

 
44

 
—

Consumer
 
11,831

 
28

 
19

 
31

 
78

 
11,909

 
43

 
—

          Total Loans
 
$
1,143,201

 
$
7,160

 
$
802

 
$
5,410

 
$
13,372

 
$
1,156,573

 
$
9,102

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
$
377,901

 
$
512

 
$
1,368

 
$
582

 
$
2,462

 
$
380,363

 
$
1,027

 
$
—

     Commercial Real Estate
 
300,282

 
45

 
1,149

 
380

 
1,574

 
301,856

 
5,206

 
—

     Acquisition & Development
 
99,573

 
—

 
874

 
1,243

 
2,117

 
101,690

 
2,117

 
—

          Total Commercial
 
777,756

 
557

 
3,391

 
2,205

 
6,153

 
783,909

 
8,350

 
—

Residential
 
243,177

 
1,879

 
707

 
451

 
3,037

 
246,214

 
1,157

 
—

Home Equity
 
61,907

 
240

 
240

 
13

 
493

 
62,400

 
13

 
—

Consumer
 
12,634

 
11

 
—

 
138

 
149

 
12,783

 
179

 
—

          Total Loans
 
$
1,095,474

 
$
2,687

 
$
4,338

 
$
2,807

 
$
9,832

 
$
1,105,306

 
$
9,699

 
$
—
Troubled Debt Restructurings on Financing Receivables
 
 
New TDR's 1
 
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
(Dollars in thousands)
 
Number of Contracts
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
Number of Contracts
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
     Commercial Business
 
1

 
$
128

 
$
128

 
—

 
$
—

 
$
—

     Commercial Real Estate
 
—

 
—

 
—

 
—

 
—

 
—

     Acquisition & Development
 
—

 
—

 
—

 
—

 
—

 
—

          Total Commercial
 
1

 
128

 
128

 
—

 
—

 
—

Residential
 
—

 
—

 
—

 
—

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

          Total
 
1

 
$
128

 
$
128

 
—

 
$
—

 
$
—


1 The pre-modification and post-modification balances represent the balances outstanding immediately before and after modification of the loan.