Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2022

Loans and Allowance for Loan Losses

Schedule of summary loan portfolio

A summary of the Company’s loan portfolio is as follows:

	March 31,		December 31,
	2022		2021
Commercial real estate loans:
Construction	$	8,011	$	10,095
Non-residential		248,980		245,568
Multi-family		48,949		55,926
Residential real estate loans		35,914		35,646
Commercial and industrial loans(1)		90,575		104,323
Consumer loans:
Indirect automobile		404,582		382,088
Home equity		11,762		11,857
Other consumer		8,816		7,955
Total gross loans		857,589		853,458
Net deferred loan costs		10,301		9,068
Allowance for loan losses		(7,700)		(7,559)
Total net loans	$	860,190	$	854,967

⁽¹⁾ Includes $13,756 and $29,464 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at March 31, 2022 and December 31, 2021, respectively.

Schedule of loans by risk rating and portfolio segment

	March 31, 2022
	Pass		Special Mention		Substandard		Total
Commercial real estate:
Construction	$	8,011	$	—	$	—	$	8,011
Non-residential		235,827		9,683		3,470		248,980
Multifamily		48,949		—		—		48,949
Residential real estate		33,857		—		2,057		35,914
Commercial and industrial		84,523		5,254		798		90,575
Consumer:
Indirect automobile		403,987		—		595		404,582
Home equity		11,640		—		122		11,762
Other consumer		8,741		—		75		8,816
Total	$	835,535	$	14,937	$	7,117	$	857,589

	December 31, 2021
	Pass		Special Mention		Substandard		Total
Commercial real estate:
Construction	$	10,095	$	—	$	—	$	10,095
Non-residential		232,253		10,341		2,974		245,568
Multifamily		55,926		—		—		55,926
Residential real estate		33,416		—		2,230		35,646
Commercial and industrial		98,171		5,377		775		104,323
Consumer:
Indirect automobile		381,354		—		734		382,088
Home equity		11,587		—		270		11,857
Other consumer		7,908		—		47		7,955
Total	$	830,710	$	15,718	$	7,030	$	853,458

Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans

	March 31, 2022
							Greater Than
			30-59 Days		60-89 Days		90 Days Past		Total Loans
	Current		Past Due		Past Due		Due		Receivable		Non-accrual
Commercial real estate:
Construction	$	8,011	$	—	$	—	$	—	$	8,011	$	—
Non-residential		245,597		161		—		3,222		248,980		3,222
Multifamily		48,949		—		—		—		48,949		—
Residential real estate		34,408		257		411		838		35,914		2,057
Commercial and industrial		89,917		7		100		551		90,575		665
Consumer:
Indirect automobile		398,155		5,121		729		577		404,582		595
Home equity		11,563		132		42		25		11,762		122
Other consumer		8,584		131		26		75		8,816		75
Total	$	845,184	$	5,809	$	1,308	$	5,288	$	857,589	$	6,736

	December 31, 2021
							Greater Than
			30-59 Days		60-89 Days		90 Days Past		Total Loans
	Current		Past Due		Past Due		Due		Receivable		Non-accrual
Commercial real estate:
Construction	$	10,095	$	—	$	—	$	—	$	10,095	$	—
Non-residential		242,205		115		527		2,721		245,568		2,721
Multifamily		55,926		—		—		—		55,926		—
Residential real estate		34,363		57		242		984		35,646		2,230
Commercial and industrial		103,517		246		—		560		104,323		687
Consumer:
Indirect automobile		374,729		5,977		715		667		382,088		734
Home equity		11,429		149		106		173		11,857		270
Other consumer		7,702		153		53		47		7,955		47
Total	$	839,966	$	6,697	$	1,643	$	5,152	$	853,458	$	6,689

Schedule of information to impaired loans by loan portfolio class

	March 31, 2022
	Recorded		Unpaid Principal		Related		Average Recorded
	Investment		Balance		Allowance		Investment
With no related allowance recorded:
Commercial real estate:
Non-residential	$	3,222	$	4,328	$	—	$	2,614
Residential real estate		2,057		2,628		—		2,327
Commercial and industrial		665		905		—		700
Consumer:
Indirect automobile		326		389		—		260
Home equity		122		123		—		260
Other consumer		38		41		—		44
Total	$	6,430	$	8,414	$	—	$	6,205
With an allowance recorded:
Commercial and industrial	$	—	$	—	$	—	$	71
Consumer:
Indirect automobile		269		279		43		291
Other consumer		37		37		1		9
Total	$	306	$	316	$	44	$	371
Total:
Commercial real estate:
Non-residential	$	3,222	$	4,328	$	—	$	2,614
Residential real estate		2,057		2,628		—		2,327
Commercial and industrial		665		905		—		771
Consumer:
Indirect automobile		595		668		43		551
Home equity		122		123		—		260
Other consumer		75		78		1		53
Total	$	6,736	$	8,730	$	44	$	6,576

	December 31, 2021
	Recorded		Unpaid Principal		Related		Average Recorded
	Investment		Balance		Allowance		Investment
With no related allowance recorded:
Commercial real estate:
Non-residential	$	2,721	$	3,797	$	—	$	2,290
Residential real estate		2,230		2,786		—		2,459
Commercial and industrial		687		921		—		674
Consumer:
Indirect automobile		345		408		—		219
Home equity		270		276		—		338
Other consumer		47		48		—		50
Total	$	6,300	$	8,236	$	—	$	6,030
With an allowance recorded:
Commercial real estate:
Commercial and industrial	$	—	$	—	$	—	$	148
Consumer:
Indirect automobile		389		395		68		286
Total	$	389	$	395	$	68	$	434
Total:
Commercial real estate:
Non-residential	$	2,721	$	3,797	$	—	$	2,290
Residential real estate		2,230		2,786		—		2,459
Commercial and industrial		687		921		—		822
Consumer:
Indirect automobile		734		803		68		505
Home equity		270		276		—		338
Other consumer		47		48		—		50
Total	$	6,689	$	8,631	$	68	$	6,464

Schedule of loan balances by segment

	Commercial		Residential		Commercial
	Real Estate		Real Estate		and Industrial		Indirect		Consumer		Totals
	Three months ended March 31, 2022
Allowance for loan losses:
Beginning balance	$	3,317	$	54	$	725	$	3,416	$	47	$	7,559
(Credit to) provision for loan losses		(3)		(109)		18		295		20		221
Loans charged-off		—		(44)		—		(647)		(23)		(714)
Recoveries		—		154		—		471		9		634
Ending balance	$	3,314	$	55	$	743	$	3,535	$	53	$	7,700
Ending balance:
Loans deemed impaired	$	—	$	—	$	—	$	43	$	1	$	44
Loans not deemed impaired	$	3,314	$	55	$	743	$	3,492	$	52	$	7,656
Loan receivables:
Ending balance	$	305,940	$	35,914	$	90,575	$	404,582	$	20,578	$	857,589
Ending balance:
Loans deemed impaired	$	3,222	$	2,057	$	665	$	595	$	197	$	6,736
Loans not deemed impaired	$	302,718	$	33,857	$	89,910	$	403,987	$	20,381	$	850,853

	Commercial		Residential		Commercial
	Real Estate		Real Estate		and Industrial			Indirect	Consumer		Totals
	Three months ended March 31, 2021
Allowance for loan losses:
Beginning balance	$	5,354	$	117	$	1,050	$	4,974	$	138	$	11,633
(Credit to) provision for loan losses		(1,192)		11		269		857		(14)		(69)
Loans charged-off		—		—		—		(626)		(3)		(629)
Recoveries		—		3		—		307		16		326
Ending balance	$	4,162	$	131	$	1,319	$	5,512	$	137	$	11,261

	Commercial		Residential		Commercial
	Real Estate		Real Estate		and Industrial		Indirect		Consumer		Totals
	December 31, 2021
Allowance for loan losses:
Ending balance:
Loans deemed impaired	$	—	$	—	$	—	$	68	$	—	$	68
Loans not deemed impaired	$	3,317	$	54	$	725	$	3,348	$	47	$	7,491
Loan receivables:
Ending balance	$	311,589	$	35,646	$	104,323	$	382,088	$	19,812	$	853,458
Ending balance:
Loans deemed impaired	$	2,721	$	2,230	$	687	$	734	$	317	$	6,689
Loans not deemed impaired	$	308,868	$	33,416	$	103,636	$	381,354	$	19,495	$	846,769