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Allowance for Loan Losses and Credit Quality (Tables)
12 Months Ended
Dec. 31, 2020
Credit Loss [Abstract]  
Schedule of Financing Receivable, Allowance for Credit Loss
Changes in the ALL, by class of loans, were as follows for the years ended:
December 31, 2020Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalUnallocatedTotal
(Dollars in thousands)
Balance, December 31, 2019$1,392 $774 $3,178 $394 $23 $76 $285 $6,122 
Provision (credit) for loan
losses
376 (11)1,075 64 (3)138 561 2,200 
Recoveries of amounts
charged off
28 — — — — — 29 
1,796 763 4,253 458 21 214 846 8,351 
Amounts charged off(20)— (54)— (6)— — (80)
Balance, December 31, 2020$1,776 $763 $4,199 $458 $15 $214 $846 $8,271 
December 31, 2019Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalUnallocatedTotal
(Dollars in thousands)
Balance, December 31, 2018$1,368 $617 $2,933 $354 $23 $82 $362 $5,739 
Provision (credit) for loan
losses
150 157 305 239 (6)(77)775 
Recoveries of amounts
charged off
— — — — 10 
1,523 774 3,238 594 34 76 285 6,524 
Amounts charged off(131)— (60)(200)(11)— — (402)
Balance, December 31, 2019$1,392 $774 $3,178 $394 $23 $76 $285 $6,122 
Schedule of Allocation of Allowance for Loan Losses by Impairment Methodology
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:
December 31, 2020Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalUnallocatedTotal
(Dollars in thousands)
Individually evaluated
for impairment
$30 $— $21 $$— $— $— $58 
Collectively evaluated
for impairment
1,746 763 4,178 451 15 214 846 8,213 
Total allocated$1,776 $763 $4,199 $458 $15 $214 $846 $8,271 
December 31, 2019Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalUnallocatedTotal
(Dollars in thousands)
Individually evaluated
for impairment
$39 $— $149 $$— $— $— $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 
Schedule of Allocation of Investment in Loans by Impairment Methodology
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:
December 31, 2020Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalTotal
(Dollars in thousands)
Individually evaluated
for impairment
$1,782 $210 $2,422 $207 $— $— $4,621 
Collectively evaluated
for impairment
181,384 57,207 318,205 108,654 2,601 98,497 766,548 
Total$183,166 $57,417 $320,627 $108,861 $2,601 $98,497 $771,169 
December 31, 2019Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalTotal
(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 
Schedule of Financing Receivable Credit Quality Indicators
The following tables summarize the loan ratings applied by management to the Company's loans by class as of the balance sheet dates:
December 31, 2020Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalTotal
(Dollars in thousands)
Pass$166,119 $42,853 $172,048 $98,314 $2,595 $98,497 $580,426 
Satisfactory/Monitor13,756 14,319 144,784 10,116 — 182,981 
Substandard3,291 245 3,795 431 — — 7,762 
Total$183,166 $57,417 $320,627 $108,861 $2,601 $98,497 $771,169 
December 31, 2019Residential Real EstateConstruction Real EstateCommercial Real EstateCommercialConsumerMunicipalTotal
(Dollars in thousands)
Pass$174,798 $47,326 $168,654 $35,625 $3,499 $67,358 $497,260 
Satisfactory/Monitor14,520 21,819 117,004 10,974 57 — 164,374 
Substandard2,807 472 4,225 1,100 — 8,610 
Total$192,125 $69,617 $289,883 $47,699 $3,562 $67,358 $670,244 
Schedule of Impaired Financing Receivables
The following tables provide information with respect to impaired loans by class of loan as of and for the years ended December 31, 2020 and 2019:
December 31, 2020For The Year Ended December 31, 2020
Recorded Investment
(1)
Principal Balance
(1)
Related AllowanceAverage Recorded InvestmentInterest Income Recognized
(Dollars in thousands)
Residential real estate$208 $218 $30 
Commercial real estate1,634 1,774 21 
Commercial11 
With an allowance recorded1,851 2,003 58 
Residential real estate1,574 2,182 — 
Construction real estate210 231 — 
Commercial real estate788 890 — 
Commercial198 200 — 
With no allowance recorded2,770 3,503 — 
Residential real estate1,782 2,400 30 $1,710 $73 
Construction real estate210 231 — 216 
Commercial real estate2,422 2,664 21 2,977 70 
Commercial207 211 253 17 
Total$4,621 $5,506 $58 $5,156 $164 
December 31, 2019For The Year Ended December 31, 2019
Recorded Investment
(1)
Principal Balance
(1)
Related AllowanceAverage Recorded InvestmentInterest Income Recognized
(Dollars in thousands)
Residential real estate$218 $228 $39 
Commercial real estate1,762 1,783 149 
Commercial11 12 
With an allowance recorded1,991 2,023 196 
Residential real estate1,297 1,832 — 
Construction real estate223 241 — 
Commercial real estate1,442 1,539 — 
Commercial288 290 — 
With no allowance recorded3,250 3,902 — 
Residential real estate1,515 2,060 39 $1,625 $149 
Construction real estate223 241 — 159 
Commercial real estate3,204 3,322 149 2,382 110 
Commercial299 302 322 23 
Total$5,241 $5,925 $196 $4,488 $286 
____________________
(1)Does not reflect government guaranties on impaired loans as of December 31, 2020 and 2019 totaling $514 thousand and $587 thousand, respectively.
Schedule of Financing Receivable, Troubled Debt Restructuring
The following is a summary of TDR loans by class of loan as of the balance sheet dates:
December 31, 2020December 31, 2019
Number of LoansPrincipal BalanceNumber of LoansPrincipal Balance
(Dollars in thousands)
Residential real estate32 $1,782 25 $1,515 
Construction real estate87 100 
Commercial real estate788 966 
Commercial207 290 
Total45 $2,864 40 $2,871 
Schedule of New Troubled Debt Restructurings on Financing Receivables
The following table provides new TDR activity by class of loan for the years ended December 31, 2020 and 2019:
New TDRs During theNew TDRs During the
Year Ended December 31, 2020Year Ended December 31,2019
Number of ContractsPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentNumber of ContractsPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded Investment
(Dollars in thousands)
Residential real estate$547 $549 $77 $79 
Commercial— — — 15 15