XML 16 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Allowance for loan losses and credit quality (Tables)
 3 Months Ended
Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
Changes in the ALL, by class of loans, for the three months ended March 31, 2020 and 2019 were as follows:
For The Three Months Ended March 31, 2020
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Balance, December 31, 2019
$
1,392

$
774

$
3,178

$
394

$
23

$
76

$
285

$
6,122

Provision (credit) for loan losses
98

(152
)
335

13

—

9

(3
)
300

Recoveries of amounts charged off
23

—

—

—

—

—

—

23

 
1,513

622

3,513

407

23

85

282

6,445

Amounts charged off
—

—

(54
)
—

—

—

—

(54
)
Balance, March 31, 2020
$
1,513

$
622

$
3,459

$
407

$
23

$
85

$
282

$
6,391

For The Three Months Ended March 31, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Balance, December 31, 2018
$
1,368

$
617

$
2,933

$
354

$
23

$
82

$
362

$
5,739

Provision (credit) for loan losses
37

26

(70
)
177

2

10

(132
)
50

Recoveries of amounts charged off
—

—

—

1

3

—

—

4

 
1,405

643

2,863

532

28

92

230

5,793

Amounts charged off
(16
)
—

—

(200
)
(5
)
—

—

(221
)
Balance, March 31, 2019
$
1,389

$
643

$
2,863

$
332

$
23

$
92

$
230

$
5,572
Allocation of Allowance for Loan Losses by Impairment Methodology [Table Text Block]
The allocation of the ALL, summarized on the basis of the Company's impairment methodology by class of loan, as of the balance sheet dates, was as follows:
March 31, 2020
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
68

$
—

$
133

$
7

$
—

$
—

$
—

$
208

Collectively evaluated
   for impairment
1,445

622

3,326

400

23

85

282

6,183

Total allocated
$
1,513

$
622

$
3,459

$
407

$
23

$
85

$
282

$
6,391

December 31, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
39

$
—

$
149

$
8

$
—

$
—

$
—

$
196

Collectively evaluated
   for impairment
1,353

774

3,029

386

23

76

285

5,926

Total allocated
$
1,392

$
774

$
3,178

$
394

$
23

$
76

$
285

$
6,122
Allocation of Investment in Loans by Impairment Methodology [Table Text Block]
The recorded investment in loans, summarized on the basis of the Company's impairment methodology by class of loan, as of the balance sheet dates, was as follows:
March 31, 2020
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
1,488

$
218

$
3,158

$
280

$
—

$
—

$
5,144

Collectively evaluated
   for impairment
188,932

53,989

301,046

47,353

3,460

76,607

671,387

Total
$
190,420

$
54,207

$
304,204

$
47,633

$
3,460

$
76,607

$
676,531

December 31, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
1,515

$
223

$
3,204

$
299

$
—

$
—

$
5,241

Collectively evaluated
   for impairment
190,610

69,394

286,679

47,400

3,562

67,358

665,003

Total
$
192,125

$
69,617

$
289,883

$
47,699

$
3,562

$
67,358

$
670,244
Financing Receivable Credit Quality Indicators [Table Text Block]
The following tables summarize the loan ratings applied by management to the Company's loans by class as of the balance sheet dates:
March 31, 2020
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Pass
$
172,425

$
33,632

$
174,365

$
35,464

$
3,364

$
76,607

$
495,857

Satisfactory/Monitor
15,078

20,091

125,767

11,595

91

—

172,622

Substandard
2,917

484

4,072

574

5

—

8,052

Total
$
190,420

$
54,207

$
304,204

$
47,633

$
3,460

$
76,607

$
676,531


December 31, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Pass
$
174,798

$
47,326

$
168,654

$
35,625

$
3,499

$
67,358

$
497,260

Satisfactory/Monitor
14,520

21,819

117,004

10,974

57

—

164,374

Substandard
2,807

472

4,225

1,100

6

—

8,610

Total
$
192,125

$
69,617

$
289,883

$
47,699

$
3,562

$
67,358

$
670,244
Impaired Financing Receivables [Table Text Block]
The following tables provide information with respect to impaired loans by class of loan as of and for the three months ended March 31, 2020 and March 31, 2019:
 
As of March 31, 2020
For The Three Months Ended March 31, 2020
 
Recorded Investment
(1)
Principal Balance
(1)
Related Allowance
Average Recorded Investment
Interest Income Recognized
 
(Dollars in thousands)
Residential real estate
$
216

$
226

$
68

 
 
Commercial real estate
1,746

1,781

133

 
 
Commercial
25

27

7

 
 
With an allowance recorded
1,987

2,034

208

 
 
 
 
 
 
 
 
Residential real estate
1,272

1,818

—

 
 
Construction real estate
218

237

—

 
 
Commercial real estate
1,412

1,509

—

 
 
Commercial
255

257

—

 
 
With no allowance recorded
3,157

3,821

—

 
 
 
 
 
 
 
 
Residential real estate
1,488

2,044

68

$
1,502

$
19

Construction real estate
218

237

—

220

1

Commercial real estate
3,158

3,290

133

3,181

22

Commercial
280

284

7

290

7

Total
$
5,144

$
5,855

$
208

$
5,193

$
49

____________________
(1)
Does not reflect government guaranties on impaired loans as of March 31, 2020 totaling $570 thousand.

 
As of March 31, 2019
For The Three Months Ended March 31, 2019
 
Recorded Investment
(1)
Principal Balance
(1)
Related Allowance
Average Recorded Investment
Interest Income Recognized
 
(Dollars in thousands)
Residential real estate
$
1,720

$
2,344

$
46

$
1,699

$
19

Construction real estate
114

131

—

116

1

Commercial real estate
1,669

1,761

11

1,973

40

Commercial
340

342

10

346

5

Total
$
3,843

$
4,578

$
67

$
4,134

$
65


____________________
(1)
Does not reflect government guaranties on impaired loans as of March 31, 2019 totaling $630 thousand.

The following table provides information with respect to impaired loans by class of loan as of December 31, 2019:
 
December 31, 2019
 
 
 
Recorded Investment
(1)
Principal Balance
(1)
Related Allowance
 
 
 
(Dollars in thousands)
 
 
Residential real estate
$
218

$
228

$
39

 
 
Commercial real estate
1,762

1,783

149

 
 
Commercial
11

12

8

 
 
With an allowance recorded
1,991

2,023

196

 
 
 
 
 
 
 
 
Residential real estate
1,297

1,832

—

 
 
Construction real estate
223

241

—

 
 
Commercial real estate
1,442

1,539

—

 
 
Commercial
288

290

—

 
 
With no allowance recorded
3,250

3,902

—

 
 
 
 
 
 
 
 
Residential real estate
1,515

2,060

39

 
 
Construction real estate
223

241

—

 
 
Commercial real estate
3,204

3,322

149

 
 
Commercial
299

302

8

 
 
Total
$
5,241

$
5,925

$
196

 
 
____________________
(1)
Does not reflect government guaranties on impaired loans as of December 31, 2019 totaling $587 thousand.
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
The following is a summary of TDR loans by class of loan as of the balance sheet dates:
 
March 31, 2020
December 31, 2019
 
Number of Loans
Principal Balance
Number of Loans
Principal Balance
 
(Dollars in thousands)
Residential real estate
25

$
1,488

25

$
1,515

Construction real estate
2

96

2

100

Commercial real estate
8

950

8

966

Commercial
5

271

5

290

Total
40

$
2,805

40

$
2,871
New Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following tables provide new TDR activity for the three months ended March 31, 2020 and 2019:
 
New TDRs During the
New TDRs During the
 
Three Months Ended March 31, 2020
Three Months Ended March 31, 2019
 
Number of Loans
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Number of Loans
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
 
(Dollars in thousands)
Residential real estate
—

$
—

$
—

1

$
77

$
79