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Loans
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Loans Loans
We estimate the ACL based on relevant available information from both internal and external sources, including historical loss trends, current conditions and forecasts, specific analysis of individual loans, and other relevant and appropriate factors. The allowance process is designed to provide for expected future losses based on our reasonable and supportable (“R&S”) forecast as of the reporting date. Our ACL process is administered by our Risk Management group utilizing a third party software solution, with significant input and ultimate approval from our Executive Enterprise Risk Committee. Further, we have established a CECL Forecast Committee, which includes a cross discipline structure with membership from Executive Management, Risk Management, and Accounting, which approves ACL model assumptions each quarter. Our ACL is comprised of three principal elements: (i) specific analysis of individual loans identified during the review of the loan portfolio, (ii) pooled analysis of loans with similar risk characteristics based on historical experience, adjusted for current conditions, R&S forecasts, and expected prepayments, and (iii) additional allowances based on subjective factors, including local and general economic business factors and trends, portfolio concentrations and changes in the size and/or the general terms of the loan portfolio.
The first ACL element (specific allocations) includes loans that do not share similar risk characteristics and are evaluated on an individual basis. We will typically evaluate on an individual basis loans that are on nonaccrual; commercial loans that have been modified resulting in a concession, for which the borrower is experiencing financial difficulties, and which are considered troubled loan modifications; and severely delinquent mortgage and installment loans. When we determine that foreclosure is probable or when repayment is expected to be provided substantially through the operation or sale of underlying collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for estimated selling costs. For loans evaluated on an individual basis that are not determined to be collateral dependent, a discounted cash flow analysis is performed to determine expected credit losses.
The second ACL element (pooled analysis) includes loans with similar risk characteristics, which are broken down by segment, class, and risk metric. The Bank’s primary segments of commercial, mortgage, and installment loans are further classified by other relevant attributes, such as collateral type, lien position, occupancy status, amortization method, and balance size. Commercial classes are additionally segmented by risk rating, and mortgage and installment loan classes by credit score tier, which are updated at least semi-annually.
We utilize a discounted cash flow (“DCF”) model to estimate expected future losses for pooled loans. Expected future cash flows are developed from payment schedules over the contractual term, adjusted for forecasted default (probability of default), loss, and prepayment assumptions. We are not required to develop forecasts over the full contractual term of the financial asset or group of financial assets. Rather, for periods beyond which we are able to make or obtain R&S forecasts of expected credit losses, we revert to the long term average on a straight line or immediate basis, as determined by our CECL Forecast Committee, and which may vary depending on the economic outlook and uncertainty.
The DCF model for the mortgage and installment pooled loan segments includes using probability of default (“PD”) assumptions that are derived through regression analysis with forecasted US unemployment levels by credit score tier. We review a composite forecast of approximately 50 analysts as well as the Federal Open Market Committee (“FOMC”) projections in setting the unemployment forecast for the R&S period. The current ACL utilizes a one year R&S forecast followed by immediate reversion to the 30 year average unemployment rate. PD assumptions for the remaining segments are based primarily on historical rates by risk metric as defaults were not strongly correlated with any economic indicator. Loss given default (“LGD”) assumptions for the mortgage loan segment are based on a two year forecast followed by a two year straight line reversion period to the longer term average, while LGD rates for the remaining segments are the historical average for the entire period. Prepayment assumptions represent average rates per segment for a period determined by the CECL Forecast Committee and as calculated through the Bank’s Asset and Liability Management program.
Pooled reserves for the commercial loan segment are calculated using the DCF model with assumptions generally based on historical averages by class and risk rating. Effective risk rating practices allow for strong predictability of defaults and losses over the portfolio’s expected shorter duration, relative to mortgage and installment loans. Our rating system is similar to those employed by state and federal banking regulators.
The third ACL element (additional allocations based on subjective factors) is based on factors that cannot be associated with a specific credit or loan category and reflects our attempt to ensure that the overall ACL appropriately reflects a margin for the imprecision necessarily inherent in the estimates of expected credit losses. We adjust our quantitative model for certain qualitative factors to reflect the extent to which management expects current conditions and R&S forecasts to differ from the conditions that existed for the period over which historical information was evaluated. The qualitative framework reflects changes related to relevant data, such as changes in asset quality trends, portfolio growth and
composition, national and local economic factors, credit policy and administration and other factors not considered in the base quantitative model. We utilize a survey completed by business unit management throughout the Bank, as well as discussion with the CECL Forecast Committee to establish reserves under the qualitative framework.
An analysis of the ACL by portfolio segment for the three months ended March 31, follows:
Commercial Mortgage Installment Subjective
Allocation 		Total
(In thousands)
2023
Balance at beginning of period$13,817 $21,633 $4,290 $12,695 $52,435 
Additions (deductions)    
Provision for credit losses648 (1,574)(61)155 (832)
Recoveries credited to the allowance28 84 466 — 578 
Loans charged against the allowance(960)(30)(641)— (1,631)
Balance at end of period$13,533 $20,113 $4,054 $12,850 $50,550 
    
2022    
Balance at beginning of period$11,519 $19,221 $3,749 $12,763 $47,252 
Additions (deductions)    
Provision for credit losses(852)(178)149 (692)(1,573)
Recoveries credited to the allowance77 171 373 — 621 
Loans charged against the allowance— (6)(667)— (673)
Balance at end of period$10,744 $19,208 $3,604 $12,071 $45,627 
Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:
Non-
Accrual
with no
Allowance
for Credit
Loss		Non-
Accrual
with an
Allowance
for Credit
Loss		Total
Non-
Accrual		90+ and
Still
Accruing		Total Non-
Performing
Loans
(In thousands)
March 31, 2023
Commercial
Commercial and industrial (1)$— $9 $9 $— $9 
Commercial real estate— — — — — 
Mortgage
1-4 family owner occupied - jumbo— — — — — 
1-4 family owner occupied - non-jumbo (2)729 1,502 2,231 — 2,231 
1-4 family non-owner occupied273 232 505 — 505 
1-4 family - 2nd lien— 390 390 — 390 
Resort lending107 — 107 — 107 
Installment
Boat lending— 307 307 — 307 
Recreational vehicle lending— 181 181 — 181 
Other— 156 156 — 156 
Total
$1,109 $2,777 $3,886 $— $3,886 
Accrued interest excluded from total$— $— $— $— $— 
December 31, 2022
Commercial
Commercial and industrial (1)$— $9 $9 $— $9 
Commercial real estate— — — — — 
Mortgage
1-4 family owner occupied - jumbo— — — — — 
1-4 family owner occupied - non-jumbo (2)1,077 852 1,929 — 1,929 
1-4 family non-owner occupied152 323 475 — 475 
1-4 family - 2nd lien— 562 562 — 562 
Resort lending110 38 148 — 148 
Installment
Boat lending— 380 380 — 380 
Recreational vehicle lending— 30 30 — 30 
Other— 188 188 — 188 
Total$1,339 $2,382 $3,721 $— $3,721 
Accrued interest excluded from total$— $— $— $— $— 
(1)Non-performing commercial and industrial loans exclude $0.027 million and $0.029 million of government guaranteed loans at March 31, 2023 and December 31, 2022, respectively.
(2)Non-performing 1-4 family owner occupied – non jumbo loans exclude $2.303 million and $1.631 million of government guaranteed loans at March 31, 2023 and December 31, 2022, respectively.
The following table provides collateral information by class of loan for collateral-dependent loans with a specific reserve. A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and the repayment is expected to be provided substantially through the operation or sale of collateral.
The amortized cost of collateral-dependent loans by class follows:
Collateral TypeAllowance
for
Credit Losses
Real
Estate		Other
(In thousands)
March 31, 2023
Commercial
Commercial and industrial$3,606 $2,316 $210 
Commercial real estate276 — 43 
Mortgage   
1-4 family owner occupied - jumbo— — — 
1-4 family owner occupied - non-jumbo1,519 — 235 
1-4 family non-owner occupied461 — 171 
1-4 family - 2nd lien170 — 60 
Resort lending107 — — 
Installment
Boat lending— 217 77 
Recreational vehicle lending— 112 40 
Other6 92 35 
Total$6,145 $2,737 $871 
Accrued interest excluded from total$28 $31  
December 31, 2022
Commercial
Commercial and industrial$748 $1,309 $197 
Commercial real estate7,329 — 1,243 
Mortgage
1-4 family owner occupied - jumbo— — — 
1-4 family owner occupied - non-jumbo1,721 — 229 
1-4 family non-owner occupied233 — 29 
1-4 family - 2nd lien368 — 203 
Resort lending148 — 14 
Installment
Boat lending— 297 101 
Recreational vehicle lending— 30 11 
Other6 128 47 
Total$10,553 $1,764 $2,074 
Accrued interest excluded from total$40 $6  
An aging analysis of loans by class follows:
Loans Past DueLoans not
Past Due		Total
Loans
30-59 days60-89 days90+ daysTotal
(In thousands)
March 31, 2023
Commercial
Commercial and industrial$110 $— $283 $393 $738,894 $739,287 
Commercial real estate— — — — 732,006 732,006 
Mortgage
1-4 family owner occupied - jumbo— — — — 786,446 786,446 
1-4 family owner occupied - non-jumbo328 1,081 444 1,853 293,130 294,983 
1-4 family non-owner occupied82 124 179 385 180,478 180,863 
1-4 family - 2nd lien399 59 115 573 105,449 106,022 
Resort lending— — 107 107 39,808 39,915 
Installment
Boat lending303 — 217 520 256,724 257,244 
Recreational vehicle lending353 94 76 523 265,056 265,579 
Other184 150 84 418 107,046 107,464 
Total$1,759 $1,508 $1,505 $4,772 $3,505,037 $3,509,809 
Accrued interest excluded from total$17 $9 $— $26 $10,120 $10,146 
December 31, 2022
Commercial
Commercial and industrial$— $— $38 $38 $732,425 $732,463 
Commercial real estate— — — — 734,390 734,390 
Mortgage
1-4 family owner occupied - jumbo— — — — 752,563 752,563 
1-4 family owner occupied - non-jumbo1,400 521 869 2,790 282,842 285,632 
1-4 family non-owner occupied61 93 200 354 182,746 183,100 
1-4 family - 2nd lien420 107 47 574 104,703 105,277 
Resort lending54 — 148 202 41,635 41,837 
Installment
Boat lending528 14 295 837 252,128 252,965 
Recreational vehicle lending639 147 18 804 269,869 270,673 
Other215 46 123 384 106,068 106,452 
Total$3,317 $928 $1,738 $5,983 $3,459,369 $3,465,352 
Accrued interest excluded from total$27 $7 $— $34 $9,975 $10,009 
During the three months ended March 31, 2023, there were no troubled loan modification or subsequent defaults.
During the three months ended March 31, 2022, there were no loans that were modified as TDRs and there were no TDRs that subsequently defaulted within twelve months following the modification during the three month period ended March 31, 2022.
A loan is considered to be in payment default generally once it is 90 days contractually past due under the modified terms.
In order to determine whether a borrower is experiencing financial difficulty, we perform an evaluation of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under our internal underwriting policy.
Credit Quality Indicators – As part of our on-going monitoring of the credit quality of our loan portfolios, we track certain credit quality indicators including (a) risk grade of commercial loans, (b) the level of classified commercial loans, (c) credit scores of mortgage and installment loan borrowers, and (d) delinquency history and non-performing loans.
For commercial loans, we use a loan rating system that is similar to those employed by state and federal banking regulators. Loans are graded on a scale of 1 to 12. A description of the general characteristics of the ratings follows:
Rating 1 through 6: These loans are generally referred to as our “non-watch” commercial credits that include very high or exceptional credit fundamentals through acceptable credit fundamentals.
Rating 7 and 8: These loans are generally referred to as our “watch” commercial credits. These ratings include loans to borrowers that exhibit potential credit weakness or downward trends. If not checked or cured these trends could weaken our asset or credit position. While potentially weak, no loss of principal or interest is envisioned with these ratings.
Rating 9: These loans are generally referred to as our “substandard accruing” commercial credits. This rating includes loans to borrowers that exhibit a well-defined weakness where payment default is probable and loss is possible if deficiencies are not corrected. Generally, loans with this rating are considered collectible as to both principal and interest primarily due to collateral coverage.
Rating 10 and 11: These loans are generally referred to as our ‘‘substandard - non-accrual’’ and ‘‘doubtful’’ commercial credits. Our doubtful rating includes a sub classification for a loss rate other than 50% (which is the standard doubtful loss rate). These ratings include loans to borrowers with weaknesses that make collection of the loan in full, on the basis of current facts, conditions and values at best questionable and at worst improbable. All of these loans are placed in non-accrual.
Rating 12: These loans are generally referred to as our “loss” commercial credits. This rating includes loans to borrowers that are deemed incapable of repayment and are charged-off.
The following tables summarize loan ratings by loan class for our commercial portfolio loan segment at March 31, 2023 and December 31, 2022:
Commercial
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20232022202120202019Prior
(In thousands)
March 31, 2023
Commercial and industrial
Non-watch (1-6)$19,553 $158,050 $85,209 $53,898 $52,565 $113,924 $236,456 $719,655 
Watch (7-8)500 773 2,112 3,710 1,952 2,746 2,239 14,032 
Substandard Accrual (9)— — 3,809 65 351 1,312 27 5,564 
Non-Accrual (10-11)— — — — — 36 — 36 
Total$20,053 $158,823 $91,130 $57,673 $54,868 $118,018 $238,722 $739,287 
Accrued interest excluded from total$128 $333 $185 $141 $118 $370 $986 $2,261 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial real estate
Non-watch (1-6)$23,896 $179,315 $156,164 $33,558 $86,665 $208,035 $36,924 $724,557 
Watch (7-8)— — — — 4,558 2,683 — 7,241 
Substandard Accrual (9)— — — — 181 27 — 208 
Non-Accrual (10-11)— — — — — — — — 
Total$23,896 $179,315 $156,164 $33,558 $91,404 $210,745 $36,924 $732,006 
Accrued interest excluded from total$54 $498 $491 $98 $358 $681 $146 $2,326 
Current period gross charge-offs$— $— $— $— $960 $— $— $960 
Total Commercial
Non-watch (1-6)$43,449 $337,365 $241,373 $87,456 $139,230 $321,959 $273,380 $1,444,212 
Watch (7-8)500 773 2,112 3,710 6,510 5,429 2,239 21,273 
Substandard Accrual (9)— — 3,809 65 532 1,339 27 5,772 
Non-Accrual (10-11)— — — — — 36 — 36 
Total$43,949 $338,138 $247,294 $91,231 $146,272 $328,763 $275,646 $1,471,293 
Accrued interest excluded from total$182 $831 $676 $239 $476 $1,051 $1,132 $4,587 
Current period gross charge-offs$— $— $— $— $960 $— $— $960 
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis 		Total
20222021202020192018Prior
(In thousands)
December 31, 2022
Commercial and industrial
Non-watch (1-6)$157,561 $89,251 $58,292 $45,792 $30,715 $95,908 $237,906 $715,425 
Watch (7-8)680 4,539 781 1,690 105 4,474 2,793 15,062 
Substandard Accrual (9)— 971 68 388 109 402 — 1,938 
Non-Accrual (10-11)— — — — — 38 — 38 
Total$158,241 $94,761 $59,141 $47,870 $30,929 $100,822 $240,699 $732,463 
Accrued interest excluded from total$238 $178 $146 $105 $181 $308 $890 $2,046 
Commercial real estate
Non-watch (1-6)$170,238 $154,918 $38,062 $97,762 $56,580 $159,514 $42,030 $719,104 
Watch (7-8)— 182 313 4,769 1,010 1,641 112 8,027 
Substandard Accrual (9)— — — 181 2,014 5,064 — 7,259 
Non-Accrual (10-11)— — — — — — — — 
Total$170,238 $155,100 $38,375 $102,712 $59,604 $166,219 $42,142 $734,390 
Accrued interest excluded from total$609 $468 $88 $368 $206 $515 $109 $2,363 
Total Commercial
Non-watch (1-6)$327,799 $244,169 $96,354 $143,554 $87,295 $255,422 $279,936 $1,434,529 
Watch (7-8)680 4,721 1,094 6,459 1,115 6,115 2,905 23,089 
Substandard Accrual (9)— 971 68 569 2,123 5,466 — 9,197 
Non-Accrual (10-11)— — — — — 38 — 38 
Total$328,479 $249,861 $97,516 $150,582 $90,533 $267,041 $282,841 $1,466,853 
Accrued interest excluded from total$847 $646 $234 $473 $387 $823 $999 $4,409 
For each of our mortgage and installment portfolio segment classes, we generally monitor credit quality based on the credit scores of the borrowers. These credit scores are generally updated semi-annually.
The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at March 31, 2023 and December 31, 2022:
Mortgage (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20232022202120202018Prior
(In thousands)
March 31, 2023
1-4 family owner occupied - jumbo
800 and above$2,430 $22,681 $55,204 $16,129 $9,119 $9,849 $639 $116,051 
750-7998,066 115,180 190,997 70,729 16,158 17,825 2,323 421,278 
700-7491,349 36,580 91,359 27,314 12,586 11,535 1,536 182,259 
650-6992,014 9,674 22,268 7,178 2,542 8,224 — 51,900 
600-649— 2,845 1,268 4,511 463 2,103 — 11,190 
550-599— 547 1,510 — — 467 — 2,524 
500-549— — — 557 — 687 — 1,244 
Under 500— — — — — — — — 
Unknown— — — — — — — — 
Total$13,859 $187,507 $362,606 $126,418 $40,868 $50,690 $4,498 $786,446 
Accrued interest excluded from total$32 $495 $779 $293 $115 $165 $27 $1,906 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Mortgage (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20232022202120202018Prior
(In thousands)
March 31, 2023 - continued
1-4 family owner occupied - non-jumbo
800 and above$1,249 $2,883 $9,858 $5,497 $3,151 $8,239 $2,396 $33,273 
750-7994,589 40,092 24,364 14,210 5,531 21,599 9,192 119,577 
700-7491,955 21,924 12,660 7,864 4,079 24,649 3,743 76,874 
650-6991,653 10,970 5,025 2,653 3,144 12,260 1,071 36,776 
600-649376 555 1,321 1,822 421 7,225 99 11,819 
550-599— — 85 56 1,460 6,275 132 8,008 
500-549— — 75 844 181 4,595 114 5,809 
Under 500— — 206 761 472 1,408 — 2,847 
Unknown— — — — — — — — 
Total$9,822 $76,424 $53,594 $33,707 $18,439 $86,250 $16,747 $294,983 
Accrued interest excluded from total$37 $207 $118 $81 $54 $283 $103 $883 
Current period gross charge-offs$— $— $— $— $— $25 $— $25 
1-4 family non-owner occupied
800 and above$431 $3,310 $9,225 $4,208 $3,864 $6,022 $1,553 $28,613 
750-7997,031 20,418 35,506 11,927 5,737 14,167 3,928 98,714 
700-749311 7,913 11,786 5,466 1,239 7,843 1,641 36,199 
650-699— 978 2,470 3,776 189 4,546 504 12,463 
600-649— 951 138 — 107 1,925 203 3,324 
550-599— — — — 120 450 335 905 
500-549— — — — — 394 58 452 
Under 500— — — — — 193 — 193 
Unknown— — — — — — — — 
Total$7,773 $33,570 $59,125 $25,377 $11,256 $35,540 $8,222 $180,863 
Accrued interest excluded from total$2 $106 $159 $66 $32 $132 $55 $552 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
1-4 family - 2nd lien
800 and above$22 $233 $439 $426 $261 $686 $7,399 $9,466 
750-799581 2,843 2,730 2,196 656 3,639 38,287 50,932 
700-74968 1,558 1,804 935 747 3,004 21,131 29,247 
650-699159 204 290 89 235 1,656 8,628 11,261 
600-649— — 99 257 191 945 2,057 3,549 
550-599— — — — — 492 237 729 
500-549— — — — 17 415 120 552 
Under 500— — — — 129 57 100 286 
Unknown— — — — — — — — 
Total$830 $4,838 $5,362 $3,903 $2,236 $10,894 $77,959 $106,022 
Accrued interest excluded from total$— $14 $10 $8 $7 $40 $543 $622 
Current period gross charge-offs$— $— $— $— $— $5 $— $5 
Mortgage - continued (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20232022202120202019Prior
(In thousands)
March 31, 2023 - continued
Resort lending
800 and above$— $— $425 $— $— $6,910 $— $7,335 
750-799— 1,040 1,144 1,202 182 15,758 — 19,326 
700-749— — 628 113 — 6,111 — 6,852 
650-699— 107 — 52 — 5,088 — 5,247 
600-649— — — — — 882 — 882 
550-599— — — — — 29 — 29 
500-549— — — — — 137 — 137 
Under 500— — — — — 107 — 107 
Unknown— — — — — — — — 
Total$— $1,147 $2,197 $1,367 $182 $35,022 $— $39,915 
Accrued interest excluded from total$— $5 $4 $3 $1 $118 $— $131 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Total Mortgage
800 and above$4,132 $29,107 $75,151 $26,260 $16,395 $31,706 $11,987 $194,738 
750-79920,267 179,573 254,741 100,264 28,264 72,988 53,730 709,827 
700-7493,683 67,975 118,237 41,692 18,651 53,142 28,051 331,431 
650-6993,826 21,933 30,053 13,748 6,110 31,774 10,203 117,647 
600-649376 4,351 2,826 6,590 1,182 13,080 2,359 30,764 
550-599— 547 1,595 56 1,580 7,713 704 12,195 
500-549— — 75 1,401 198 6,228 292 8,194 
Under 500— — 206 761 601 1,765 100 3,433 
Unknown— — — — — — — — 
Total$32,284 $303,486 $482,884 $190,772 $72,981 $218,396 $107,426 $1,408,229 
Accrued interest excluded from total$71 $827 $1,070 $451 $209 $738 $728 $4,094 
Current period gross charge-offs$— $— $— $— $— $30 $— $30 
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20222021202020192018Prior
(In thousands)
December 31, 2022
1-4 family owner occupied - jumbo
800 and above$23,764 $54,637 $16,848 $9,211 $2,988 $6,946 $639 $115,033 
750-79997,269 189,653 71,555 16,091 1,828 16,140 683 393,219 
700-74934,158 91,189 28,701 12,666 2,775 8,852 1,536 179,877 
650-69910,905 20,743 7,216 2,554 4,250 4,020 827 50,515 
600-6491,712 1,275 4,534 464 — 2,150 — 10,135 
550-599549 1,516 — — 469 — — 2,534 
500-549— — 561 — — 689 — 1,250 
Under 500— — — — — — — — 
Unknown— — — — — — — — 
Total$168,357 $359,013 $129,415 $40,986 $12,310 $38,797 $3,685 $752,563 
Accrued interest excluded from total$506 $773 $315 $108 $44 $127 $19 $1,892 
1-4 family owner occupied - non-jumbo
800 and above$8,894 $10,498 $5,558 $3,220 $2,074 $6,074 $1,680 $37,998 
750-79933,833 26,239 13,956 6,018 4,501 18,009 9,936 112,492 
700-74917,629 13,526 7,626 3,938 3,263 22,506 3,509 71,997 
650-6997,983 5,124 2,679 3,270 1,992 10,893 983 32,924 
600-6491,539 1,226 1,836 423 1,035 7,044 99 13,202 
550-599— — 56 1,472 938 5,481 132 8,079 
500-549— 76 850 341 570 4,142 115 6,094 
Under 500— 207 764 475 285 1,115 — 2,846 
Unknown— — — — — — — — 
Total$69,878 $56,896 $33,325 $19,157 $14,658 $75,264 $16,454 $285,632 
Accrued interest excluded from total$283 $123 $78 $58 $58 $242 $111 $953 
Mortgage - continued (1)
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Amortized
Cost Basis		Total
20222021202020192018Prior
(In thousands)
December 31, 2022 - (continued)
1-4 family non-owner occupied
800 and above$4,329 $9,308 $5,178 $4,147 $752 $5,842 $1,683 $31,239 
750-79922,171 36,363 12,242 6,103 2,549 12,257 4,132 95,817 
700-7498,739 12,423 5,507 1,335 1,198 6,825 1,930 37,957 
650-6991,476 2,489 3,798 190 292 4,350 550 13,145 
600-649954 139 — 107 491 1,475 203 3,369 
550-599— — — 121 54 404 335 914 
500-549— — — — — 402 60 462 
Under 500— — — — — 197 — 197 
Unknown— — — — — — — — 
Total$37,669 $60,722 $26,725 $12,003 $5,336 $31,752 $8,893 $183,100 
Accrued interest excluded from total$106 $161 $69 $36 $21 $108 $57 $558 
1-4 family - 2nd lien
800 and above$238 $282 $454 $267 $200 $503 $8,000 $9,944 
750-7992,109 2,749 2,334 665 333 3,597 38,346 50,133 
700-7491,495 1,820 931 759 459 2,649 20,981 29,094 
650-699192 292 90 237 275 1,496 8,188 10,770 
600-64920 99 258 192 23 974 2,040 3,606 
550-599130 — — — 132 395 228 885 
500-549— — — 18 — 418 122 558 
Under 500— — — 129 3 55 100 287 
Unknown— — — — — — — — 
Total$4,184 $5,242 $4,067 $2,267 $1,425 $10,087 $78,005 $105,277 
Accrued interest excluded from total$11 $11 $8 $7 $4 $36 $511 $588 
Resort lending
800 and above$— $429 $— $— $268 $7,031 $— $7,728 
750-7991,045 1,272 1,211 183 616 15,815 — 20,142 
700-74985 651 114 — — 6,331 — 7,181 
650-699107 — 53 — — 5,413 — 5,573 
600-649— — — — — 895 — 895 
550-599— — — — — 68 — 68 
500-549— — — — — 140 — 140 
Under 500— — — — — 110 — 110 
Unknown— — — — — — — — 
Total$1,237 $2,352 $1,378 $183 $884 $35,803 $— $41,837 
Accrued interest excluded from total$4 $4 $3 $— $3 $111 $— $125 
Total Mortgage
800 and above$37,225 $75,154 $28,038 $16,845 $6,282 $26,396 $12,002 $201,942 
750-799156,427 256,276 101,298 29,060 9,827 65,818 53,097 671,803 
700-74962,106 119,609 42,879 18,698 7,695 47,163 27,956 326,106 
650-69920,663 28,648 13,836 6,251 6,809 26,172 10,548 112,927 
600-6494,225 2,739 6,628 1,186 1,549 12,538 2,342 31,207 
550-599679 1,516 56 1,593 1,593 6,348 695 12,480 
500-549— 76 1,411 359 570 5,791 297 8,504 
Under 500— 207 764 604 288 1,477 100 3,440 
Unknown— — — — — — — — 
Total$281,325 $484,225 $194,910 $74,596 $34,613 $191,703 $107,037 $1,368,409 
Accrued interest excluded from total$910 $1,072 $473 $209 $130 $624 $698 $4,116 
(1)Credit scores have been updated within the last twelve months.
Installment (1)
Term Loans Amortized Cost Basis by Origination Year
20232022202120202019PriorTotal
(In thousands)
March 31, 2023
Boat lending
800 and above$2,601 $7,806 $8,379 $4,140 $4,760 $9,061 $36,747 
750-7999,174 42,845 36,050 19,487 15,723 25,679 148,958 
700-7492,307 14,815 13,361 7,059 5,649 10,011 53,202 
650-699703 3,890 3,974 1,374 1,241 3,088 14,270 
600-649— 653 1,033 146 222 823 2,877 
550-599— 22 192 16 51 466 747 
500-549— 118 56 62 42 120 398 
Under 500— — — — — 45 45 
Unknown— — — — — — — 
Total$14,785 $70,149 $63,045 $32,284 $27,688 $49,293 $257,244 
Accrued interest excluded from total$50 $162 $136 $76 $65 $108 $597 
Current period gross charge-offs$— $28 $— $— $— $1 $29 
Recreational vehicle lending
800 and above$1,068 $8,981 $10,345 $4,279 $4,583 $7,230 $36,486 
750-7993,910 50,019 48,016 15,319 11,255 15,671 144,190 
700-7491,675 22,525 23,499 7,313 4,258 4,874 64,144 
650-699159 4,905 6,284 1,469 1,308 1,518 15,643 
600-649— 782 1,431 365 370 484 3,432 
550-599— 105 355 97 178 307 1,042 
500-549— — 290 109 46 72 517 
Under 500— — 83 7 21 14 125 
Unknown— — — — — — — 
Total$6,812 $87,317 $90,303 $28,958 $22,019 $30,170 $265,579 
Accrued interest excluded from total$22 $211 $207 $66 $52 $66 $624 
Current period gross charge-offs$— $10 $114 $20 $19 $— $163 
Other
800 and above$1,203 $1,837 $1,505 $1,240 $843 $993 $7,621 
750-7993,808 14,304 9,186 4,843 2,932 5,043 40,116 
700-7492,939 9,308 6,806 3,110 1,584 3,521 27,268 
650-699568 22,395 2,546 954 506 1,555 28,524 
600-64943 616 565 117 200 627 2,168 
550-599— 117 59 137 47 205 565 
500-5491 61 190 21 60 96 429 
Under 500— 6 50 19 25 34 134 
Unknown639 — — — — — 639 
Total$9,201 $48,644 $20,907 $10,441 $6,197 $12,074 $107,464 
Accrued interest excluded from total$29 $74 $42 $22 $17 $60 $244 
Current period gross charge-offs$387 $— $— $— $— $62 $449 
Installment (1)
Term Loans Amortized Cost Basis by Origination Year
20232022202120201905PriorTotal
(In thousands)
March 31, 2023 - continued
Total installment
800 and above$4,872 $18,624 $20,229 $9,659 $10,186 $17,284 $80,854 
750-79916,892 107,168 93,252 39,649 29,910 46,393 333,264 
700-7496,921 46,648 43,666 17,482 11,491 18,406 144,614 
650-6991,430 31,190 12,804 3,797 3,055 6,161 58,437 
600-64943 2,051 3,029 628 792 1,934 8,477 
550-599— 244 606 250 276 978 2,354 
500-5491 179 536 192 148 288 1,344 
Under 500— 6 133 26 46 93 304 
Unknown639 — — — — — 639 
Total$30,798 $206,110 $174,255 $71,683 $55,904 $91,537 $630,287 
Accrued interest excluded from total$101 $447 $385 $164 $134 $234 $1,465 
Current period gross charge-offs$387 $38 $114 $20 $19 $63 $641 
Installment - continued (1)
Term Loans Amortized Cost Basis by Origination Year
20222021202020192018PriorTotal
(In thousands)
December 31, 2022
Boat lending
800 and above$7,901 $8,763 $4,391 $5,102 $3,612 $5,955 $35,724 
750-79944,498 37,531 20,179 16,506 12,814 14,504 146,032 
700-74915,390 13,704 7,281 5,848 4,357 6,132 52,712 
650-6993,933 4,135 1,498 1,290 1,032 2,213 14,101 
600-649661 1,043 149 286 200 670 3,009 
550-59922 195 16 53 203 274 763 
500-549277 57 62 43 106 30 575 
Under 500— — — — 26 23 49 
Unknown— — — — — — — 
Total$72,682 $65,428 $33,576 $29,128 $22,350 $29,801 $252,965 
Accrued interest excluded from total$171 $148 $84 $78 $52 $68 $601 
Recreational vehicle lending
800 and above$9,327 $10,752 $4,524 $4,834 $3,416 $4,319 $37,172 
750-79951,555 49,949 16,175 11,920 8,990 7,818 146,407 
700-74923,143 24,945 7,680 4,459 2,279 2,939 65,445 
650-6995,013 6,516 1,598 1,361 727 904 16,119 
600-649793 1,608 374 446 232 268 3,721 
550-599107 381 129 202 234 87 1,140 
500-549— 293 111 61 59 15 539 
Under 500— 85 7 22 — 16 130 
Unknown— — — — — — — 
Total$89,938 $94,529 $30,598 $23,305 $15,937 $16,366 $270,673 
Accrued interest excluded from total$219 $227 $72 $58 $38 $34 $648 
Other
800 and above$1,974 $1,647 $1,449 $942 $366 $731 $7,109 
750-79915,692 9,973 5,521 3,393 1,678 3,612 39,869 
700-7499,848 7,517 3,404 1,801 999 2,653 26,222 
650-69922,740 2,851 1,051 593 405 1,286 28,926 
600-649711 634 127 222 147 507 2,348 
550-599122 63 170 54 115 118 642 
500-54967 217 29 64 19 90 486 
Under 5006 52 22 28 13 28 149 
Unknown701 — — — — — 701 
Total$51,861 $22,954 $11,773 $7,097 $3,742 $9,025 $106,452 
Accrued interest excluded from total$84 $48 $25 $19 $10 $49 $235 
Total installment
800 and above$19,202 $21,162 $10,364 $10,878 $7,394 $11,005 $80,005 
750-799111,745 97,453 41,875 31,819 23,482 25,934 332,308 
700-74948,381 46,166 18,365 12,108 7,635 11,724 144,379 
650-69931,686 13,502 4,147 3,244 2,164 4,403 59,146 
600-6492,165 3,285 650 954 579 1,445 9,078 
550-599251 639 315 309 552 479 2,545 
500-549344 567 202 168 184 135 1,600 
Under 5006 137 29 50 39 67 328 
Unknown701 — — — — — 701 
Total$214,481 $182,911 $75,947 $59,530 $42,029 $55,192 $630,090 
Accrued interest excluded from total$474 $423 $181 $155 $100 $151 $1,484 
(1)Credit scores have been updated within the last twelve months.
Foreclosed residential real estate properties included in other real estate and repossessed assets on our Condensed Consolidated Statements of Financial Condition totaled $0.5 million and $0.4 million at March 31, 2023 and December 31,
2022, respectively. Retail mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements totaled $0.2 million and $0.8 million at March 31, 2023 and December 31, 2022, respectively.

During the first quarter of 2023, we sold $41.2 million of portfolio residential adjustable rate mortgage loans servicing retained and recognized a loss on sale of $0.16 million. These transactions were done primarily for asset/liability management purposes. During the first quarter of 2022, we sold $33.4 million of portfolio residential fixed rate mortgage loans servicing retained and recognized a gain on sale of $0.41 million. This transaction was done primarily for asset/liability management purposes.