XML 55 R44.htm IDEA: XBRL DOCUMENT v3.22.1
Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2021
Allowance For Loan Losses [Abstract]  
Changes in the Allowance for Loan Losses An allocation of a portion of the allowance to a given portfolio class does not limit the Company’s ability to absorb losses in another portfolio class.

 

 

 

December 31, 2021

 

 

 

1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

first-lien

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

Paycheck

 

 

 

residential

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

commercial

 

 

Protection

 

(In thousands)

 

mortgage

 

 

Construction

 

 

real estate

 

 

lines of credit

 

 

and industrial

 

 

Program

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

931

 

 

$

-

 

 

$

4,776

 

 

$

1,670

 

 

$

2,992

 

 

$

-

 

Charge-offs

 

 

(20

)

 

 

-

 

 

 

(7

)

 

 

(50

)

 

 

(707

)

 

 

-

 

Recoveries

 

 

-

 

 

 

-

 

 

 

-

 

 

 

69

 

 

 

1

 

 

 

-

 

Provisions (credits)

 

 

(39

)

 

 

-

 

 

 

539

 

 

 

(754

)

 

 

476

 

 

 

-

 

Ending balance

 

$

872

 

 

$

-

 

 

$

5,308

 

 

$

935

 

 

$

2,762

 

 

$

-

 

Ending balance: related to loans

   individually evaluated for impairment

 

$

90

 

 

$

-

 

 

$

300

 

 

$

53

 

 

$

1,318

 

 

$

-

 

Ending balance: related to loans

  collectively evaluated for impairment

 

$

782

 

 

$

-

 

 

$

5,008

 

 

$

882

 

 

$

1,444

 

 

$

-

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

240,434

 

 

$

6,329

 

 

$

288,450

 

 

$

61,884

 

 

$

69,135

 

 

$

19,338

 

Ending balance: individually

   evaluated for impairment

 

$

1,205

 

 

$

-

 

 

$

7,158

 

 

$

153

 

 

$

2,209

 

 

$

-

 

Ending balance: collectively

   evaluated for impairment

 

$

239,229

 

 

$

6,329

 

 

$

281,292

 

 

$

61,731

 

 

$

66,926

 

 

$

19,338

 

 

 

 

 

 

 

 

 

Home equity

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Tax exempt

 

 

and junior liens

 

 

consumer

 

 

Unallocated (1)

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

1

 

 

$

739

 

 

$

1,123

 

 

$

545

 

 

$

12,777

 

Charge-offs

 

 

-

 

 

 

-

 

 

 

(240

)

 

 

-

 

 

 

(1,024

)

Recoveries

 

 

-

 

 

 

-

 

 

 

88

 

 

 

-

 

 

 

158

 

Provisions

 

 

2

 

 

 

35

 

 

 

326

 

 

 

438

 

 

 

1,022

 

Ending balance

 

$

3

 

 

$

774

 

 

$

1,297

 

 

$

983

 

 

$

12,935

 

Ending balance: related to loans

   individually evaluated for impairment

 

$

-

 

 

$

114

 

 

$

-

 

 

$

-

 

 

$

1,875

 

Ending balance: related to loans

  collectively evaluated for impairment

 

$

3

 

 

$

660

 

 

$

1,297

 

 

$

983

 

 

$

11,060

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

5,811

 

 

$

31,737

 

 

$

110,108

 

 

$

513

 

 

$

833,739

 

Ending balance: individually

   evaluated for impairment

 

$

-

 

 

$

632

 

 

$

-

 

 

$

-

 

 

$

11,357

 

Ending balance: collectively

   evaluated for impairment

 

$

5,811

 

 

$

31,105

 

 

$

110,108

 

 

$

513

 

 

$

822,382

 

 

(1)

The ending balance of the loans receivable for the unallocated portion of the allowance includes loans held-for-sale.  At December 31, 2021, the Bank had loans held-for-sale with a principal balance of $513,000. These loans were still part of the portfolio as of December 31, 2021.  Based on ASC 948, Mortgage Banking, loans shall be classified as held-for-sale once a decision has been made to sell the loans and shall be transferred to the held-for-sale category at lower of cost or fair value.


 

 

 

 

December 31, 2020

 

 

 

 

 

 

 

1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

first-lien

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

Paycheck

 

 

 

residential

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

commercial

 

 

Protection

 

(In thousands)

 

mortgage

 

 

Construction

 

 

real estate

 

 

lines of credit

 

 

and industrial

 

 

Program

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

580

 

 

$

-

 

 

$

4,010

 

 

$

1,195

 

 

$

1,645

 

 

$

-

 

Charge-offs

 

 

(125

)

 

 

-

 

 

 

-

 

 

 

(101

)

 

 

(121

)

 

 

-

 

Recoveries

 

 

2

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

 

 

-

 

Provisions (credits)

 

 

474

 

 

 

-

 

 

 

766

 

 

 

572

 

 

 

1,468

 

 

 

-

 

Ending balance

 

$

931

 

 

$

-

 

 

$

4,776

 

 

$

1,670

 

 

$

2,992

 

 

$

-

 

Ending balance: related to loans

   individually evaluated for impairment

 

$

205

 

 

$

-

 

 

$

231

 

 

$

925

 

 

$

1,278

 

 

$

-

 

Ending balance: related to loans

  collectively evaluated for impairment

 

$

726

 

 

$

-

 

 

$

4,545

 

 

$

745

 

 

$

1,714

 

 

$

-

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

227,185

 

 

$

6,681

 

 

$

286,271

 

 

$

49,103

 

 

$

78,629

 

 

$

60,643

 

Ending balance: individually

   evaluated for impairment

 

$

1,847

 

 

$

-

 

 

$

12,782

 

 

$

925

 

 

$

6,978

 

 

$

-

 

Ending balance: collectively

   evaluated for impairment

 

$

225,338

 

 

$

6,681

 

 

$

273,489

 

 

$

48,178

 

 

$

71,651

 

 

$

60,643

 

 

 

 

 

 

 

 

Home equity

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Tax exempt

 

 

and junior liens

 

 

consumer

 

 

Unallocated (1)

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

1

 

 

$

553

 

 

$

413

 

 

$

272

 

 

$

8,669

 

Charge-offs

 

 

-

 

 

 

(28

)

 

 

(325

)

 

 

-

 

 

 

(700

)

Recoveries

 

 

-

 

 

 

29

 

 

 

66

 

 

 

-

 

 

 

101

 

Provisions

 

 

-

 

 

 

185

 

 

 

969

 

 

 

273

 

 

 

4,707

 

Ending balance

 

$

1

 

 

$

739

 

 

$

1,123

 

 

$

545

 

 

$

12,777

 

Ending balance: related to loans

   individually evaluated for impairment

 

$

-

 

 

$

142

 

 

$

-

 

 

$

-

 

 

$

2,781

 

Ending balance: related to loans

  collectively evaluated for impairment

 

$

1

 

 

$

597

 

 

$

1,123

 

 

$

545

 

 

$

9,996

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

7,166

 

 

$

38,624

 

 

$

70,905

 

 

$

1,526

 

 

$

826,733

 

Ending balance: individually

   evaluated for impairment

 

$

-

 

 

$

217

 

 

$

81

 

 

$

-

 

 

$

22,830

 

Ending balance: collectively

   evaluated for impairment

 

$

7,166

 

 

$

38,407

 

 

$

70,824

 

 

$

1,526

 

 

$

803,903

 

 

(1)

The ending balance of the loans receivable for the unallocated portion of the allowance includes loans held-for-sale.  At December 31, 2020, the Bank had loans held-for-sale with a principal balance of $1.5 million. These loans were still part of the portfolio as of December 31, 2020.  Based on ASC 948, Mortgage Banking, loans shall be classified as held-for-sale once a decision has been made to sell the loans and shall be transferred to the held-for-sale category at lower of cost or fair value.
Schedule of Allowance for Loan Losses on Basis of Calculation Methodology

The allocation of the allowance for loan losses summarized on the basis of the Company’s calculation methodology was as follows:

 

 

 

December 31, 2021

 

 

 

1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

first-lien

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

residential

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

commercial

 

(In thousands)

 

mortgage

 

 

Construction

 

 

real estate

 

 

lines of credit

 

 

and industrial

 

Specifically reserved

 

$

90

 

 

$

-

 

 

$

300

 

 

$

53

 

 

$

1,319

 

Historical loss rate

 

 

82

 

 

 

-

 

 

 

2

 

 

 

25

 

 

 

227

 

Qualitative factors

 

 

700

 

 

 

-

 

 

 

5,006

 

 

 

857

 

 

 

1,217

 

Total

 

$

872

 

 

$

-

 

 

$

5,308

 

 

$

935

 

 

$

2,762

 

 

 

 

 

 

 

 

Home equity

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Tax exempt

 

 

and junior liens

 

 

consumer

 

 

Unallocated

 

 

Total

 

Specifically reserved

 

$

-

 

 

$

114

 

 

$

-

 

 

$

-

 

 

$

1,876

 

Historical loss rate

 

 

-

 

 

 

324

 

 

 

1,028

 

 

 

-

 

 

 

1,688

 

Qualitative factors

 

 

3

 

 

 

336

 

 

 

269

 

 

 

-

 

 

 

8,388

 

Other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

983

 

 

 

983

 

Total

 

$

3

 

 

$

774

 

 

$

1,297

 

 

$

983

 

 

$

12,935

 

 

 

 

December 31, 2020

 

 

 

1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

first-lien

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

residential

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

commercial

 

(In thousands)

 

mortgage

 

 

Construction

 

 

real estate

 

 

lines of credit

 

 

and industrial

 

Specifically reserved

 

$

205

 

 

$

-

 

 

$

231

 

 

$

925

 

 

$

1,278

 

Historical loss rate

 

 

88

 

 

 

-

 

 

 

80

 

 

 

92

 

 

 

56

 

Qualitative factors

 

 

638

 

 

 

-

 

 

 

4,465

 

 

 

653

 

 

 

1,658

 

Total

 

$

931

 

 

$

-

 

 

$

4,776

 

 

$

1,670

 

 

$

2,992

 

 

 

 

 

 

 

 

Home equity

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Tax exempt

 

 

and junior liens

 

 

consumer

 

 

Unallocated

 

 

Total

 

Specifically reserved

 

$

-

 

 

$

142

 

 

$

-

 

 

$

-

 

 

$

2,781

 

Historical loss rate

 

 

-

 

 

 

325

 

 

 

863

 

 

 

-

 

 

 

1,504

 

Qualitative factors

 

 

1

 

 

 

272

 

 

 

260

 

 

 

-

 

 

 

7,947

 

Other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

545

 

 

 

545

 

Total

 

$

1

 

 

$

739

 

 

$

1,123

 

 

$

545

 

 

$

12,777