XML 40 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Allowance for Loan Losses (Tables)
6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Information as to Impaired Loans, including PCI Loans
Information as to impaired loans, excluding purchased credit impaired loans, was as follows:
(Dollars in thousands)June 30, 2020December 31, 2019
Nonaccrual loans$8,268  $18,529  
Performing troubled debt restructurings: 
Commercial and industrial549  547  
Residential real estate600  359  
Total performing troubled debt restructurings1,149  906  
Total impaired loans, excluding purchase credit impaired loans$9,417  $19,435  
The total balance of all PCI loans from these acquisitions was as follows:
(Dollars in thousand)Unpaid Principal BalanceRecorded Investment
June 30, 2020  
Commercial real estate$6,732  $2,883  
Commercial and industrial713  291  
Residential real estate4,079  2,922  
Total PCI loans$11,524  $6,096  
December 31, 2019
Commercial real estate$6,597  $2,884  
Commercial and industrial556  135  
Residential real estate4,215  2,954  
Total PCI loans$11,368  $5,973  
Loans individually evaluated for impairment are presented below.
(Dollars in thousands)Recorded investment with
no related
allowance
Recorded investment
with related
allowance
Total
recorded
investment
Contractual
principal
balance
Related
allowance
June 30, 2020     
Individually evaluated impaired loans:     
Commercial real estate$3,649  $—  $3,649  $4,007  $—  
Commercial and industrial2,327  596  2,923  3,604  310  
Residential real estate413  1,044  1,457  1,601  29  
Total$6,389  $1,640  $8,029  $9,212  $339  
December 31, 2019     
Individually evaluated impaired loans:     
Commercial real estate$4,832  $—  $4,832  $5,156  $—  
Commercial and industrial10,739  913  11,652  12,521  363  
Residential real estate1,197  189  1,386  1,570  22  
Total$16,768  $1,102  $17,870  $19,247  $385  
(Dollars in thousands)Average
Recorded
Investment
Interest
Income
Recognized
Cash Basis
Interest
Recognized
For the three months ended June 30, 2020   
Individually evaluated impaired loans:   
Commercial real estate$3,680  $—  $—  
Commercial and industrial6,809  11  66  
Residential real estate1,456  10  —  
Total$11,945  $21  $66  
For the six months ended June 30, 2020
Individually evaluated impaired loans:  
Commercial real estate$3,866  $—  $—  
Commercial and industrial8,761  22  84  
Residential real estate1,457  19  —  
Total$14,084  $41  $84  
For the three months ended June 30, 2019   
Individually evaluated impaired loans:   
Commercial real estate$2,927  $—  $ 
Commercial and industrial10,220  10  —  
Residential real estate2,111   10  
Total$15,258  $17  $11  
For the six months ended June 30, 2019
Individually evaluated impaired loans:
Commercial real estate$4,675  $—  $174  
Commercial and industrial10,535  19  224  
Residential real estate2,476  14  10  
Total$17,686  $33  $408  
Activity in the Allowance for Loan Losses and Allocation of the Allowance for Loans
Activity in the allowance for loan losses and the allocation of the allowance for loans was as follows:
(Dollars in thousands)Commercial
Real Estate
Commercial
and Industrial
Residential
Real Estate
ConsumerTotal
For the three months ended June 30, 2020     
Allowance for loan losses:     
Beginning balance$6,123  $5,423  $1,441  $ $12,989  
Provision for loan losses1,864  2,581  1,117  13  5,575  
Gross chargeoffs—  (1,532) —  (12) (1,544) 
Recoveries—  24   12  43  
Net (chargeoffs) recoveries—  (1,508)  —  (1,501) 
Ending allowance for loan losses$7,987  $6,496  $2,565  $15  $17,063  
For the six months ended June 30, 2020
Allowance for loan losses:
Beginning balance$5,773  $5,515  $1,384  $ $12,674  
Provision for loan losses2,214  2,668  1,140  42  6,064  
Gross chargeoffs—  (1,719) —  (43) (1,762) 
Recoveries—  32  41  14  87  
Net (chargeoffs) recoveries—  (1,687) 41  (29) (1,675) 
Ending allowance for loan losses$7,987  $6,496  $2,565  $15  $17,063  
For the three months ended June 30, 2019
Allowance for loan losses:     
Beginning balance$5,181  $5,606  $1,170  $ $11,960  
Provision (benefit) for loan losses111  363  (50)  429  
Gross chargeoffs(74) (20) —  (8) (102) 
Recoveries 41  22   66  
Net (chargeoffs) recoveries(73) 21  22  (6) (36) 
Ending allowance for loan losses$5,219  $5,990  $1,142  $ $12,353  
For the six months ended June 30, 2019
Allowance for loan losses:
Beginning balance$5,227  $5,174  $1,164  $ $11,566  
Provision (benefit) for loan losses65  840  (65) 11  851  
Gross chargeoffs(74) (115) —  (14) (203) 
Recoveries 91  43   139  
Net (chargeoffs) recoveries (73) (24) 43  (10) (64) 
Ending allowance for loan losses$5,219  $5,990  $1,142  $ $12,353  
(Dollars in thousands)Commercial
Real Estate
Commercial
and Industrial
Residential
Real Estate
ConsumerTotal
June 30, 2020     
Allowance for loan losses:     
Individually evaluated for impairment$—  $310  $29  $—  $339  
Collectively evaluated for impairment7,277  6,156  2,339  15  15,787  
Acquired with deteriorated credit quality710  30  197  —  937  
Ending allowance for loan losses$7,987  $6,496  $2,565  $15  $17,063  
Balance of loans:
Individually evaluated for impairment$3,649  $2,923  $1,457  $—  $8,029  
Collectively evaluated for impairment718,951  787,139  289,662  5,476  1,801,228  
Acquired with deteriorated credit quality2,883  291  2,922  —  6,096  
Total loans$725,483  $790,353  $294,041  $5,476  $1,815,353  
December 31, 2019
Allowance for loan losses:
Individually evaluated for impairment$—  $363  $22  $—  $385  
Collectively evaluated for impairment5,062  5,124  1,339   11,527  
Acquired with deteriorated credit quality711  28  23  —  762  
Ending allowance for loan losses$5,773  $5,515  $1,384  $ $12,674  
Balance of loans:
Individually evaluated for impairment$4,832  $11,652  $1,386  $—  $17,870  
Collectively evaluated for impairment596,930  398,441  207,499  896  1,203,766  
Acquired with deteriorated credit quality2,884  135  2,954  —  5,973  
Total loans$604,646  $410,228  $211,839  $896  $1,227,609