Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Loans Outstanding by Category

Loans outstanding are detailed by category as follows:

	December 31, 2021			December 31, 2020
	(dollars in thousands)
Residential mortgage
Mortgages - fixed rate	$	716,456		$	535,804
Mortgages - adjustable rate		679,675			734,593
Construction		13,012			25,495
Deferred costs, net of unearned fees		5,936			2,976
Total residential mortgages		1,415,079			1,298,868
Commercial mortgage
Mortgages - non-owner occupied		1,272,135			1,064,317
Mortgages - owner occupied		150,632			153,474
Construction		86,246			139,075
Deferred costs, net of unearned fees		1,989			2,096
Total commercial mortgages		1,511,002			1,358,962
Home equity
Home equity - lines of credit		85,639			102,460
Home equity - term loans		2,017			3,503
Deferred costs, net of unearned fees		304			231
Total home equity		87,960			106,194
Commercial and industrial
Commercial and industrial		247,024			223,415
PPP loans		22,856			126,227
Unearned fees, net of deferred costs		(434	)		(1,787	)
Total commercial and industrial		269,446			347,855
Consumer
Secured		34,308			41,409
Unsecured		1,303			341
Deferred costs, net of unearned fees		8			19
Total consumer		35,619			41,769
Total loans	$	3,319,106		$	3,153,648

Non-performing Loans Disaggregated by Loan Category

The following tables set forth information regarding non-performing loans disaggregated by loan category:

	December 31, 2021
	Residential Mortgage		Commercial Mortgage		Home Equity		Commercial and Industrial		Total
	(dollars in thousands)
Non-performing loans:
Non-accrual loans	$	3,777	$	517	$	223	$	111	$	4,628
Troubled debt restructurings		652		—		—		106		758
Total	$	4,429	$	517	$	223	$	217	$	5,386

	December 31, 2020
	Residential Mortgage		Commercial Mortgage		Home Equity		Commercial and Industrial		Total
	(dollars in thousands)
Non-performing loans:
Non-accrual loans	$	3,695	$	3,917	$	—	$	132	$	7,744
Loans past due >90 days, but still accruing		—		—		—		407		407
Troubled debt restructurings		689		—		—		122		811
Total	$	4,384	$	3,917	$	—	$	661	$	8,962

Loans Receivable Disaggregated by Credit Quality Indicator

The following tables contain period-end balances of loans receivable disaggregated by credit quality indicator:

	Credit Quality Indicator - by Origination Year as of December 31, 2021
	2021		2020		2019		2018		2017		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Residential Mortgage:
Current	$	535,071	$	329,501	$	135,139	$	101,108	$	77,702	$	232,129	$	—	$	1,410,650
Non-performing		—		151		—		330		54		3,894		—		4,429
Total	$	535,071	$	329,652	$	135,139	$	101,438	$	77,756	$	236,023	$	—	$	1,415,079
Home equity:
Current	$	—	$	719	$	3,088	$	4,469	$	5,060	$	5,475	$	68,926	$	87,737
Non-performing		—		—		223		—		—		—		—		223
Total	$	—	$	719	$	3,311	$	4,469	$	5,060	$	5,475	$	68,926	$	87,960
Consumer:
Current	$	14,427	$	8,758	$	1,544	$	3,168	$	1,838	$	5,357	$	527	$	35,619
Non-performing		—		—		—		—		—		—		—		—
Total	$	14,427	$	8,758	$	1,544	$	3,168	$	1,838	$	5,357	$	527	$	35,619

	Credit Quality Indicator - by Origination Year as of December 31, 2021
	2021		2020		2019		2018		2017		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Commercial Mortgage:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	319,633	$	248,691	$	320,189	$	158,462	$	93,016	$	298,791	$	—	$	1,438,782
7 (Special Mention)		—		1,096		40,879		22,471		2,913		4,131		—		71,490
8 (Substandard)		—		—		—		—		—		730		—		730
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	319,633	$	249,787	$	361,068	$	180,933	$	95,929	$	303,652	$	—	$	1,511,002
Commercial and Industrial:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	83,614	$	77,073	$	38,299	$	34,360	$	19,727	$	4,622	$	353	$	258,048
7 (Special Mention)		318		350		5,523		406		161		859		10		7,627
8 (Substandard)		—		792		2,331		504		—		144		—		3,771
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	83,932	$	78,215	$	46,153	$	35,270	$	19,888	$	5,625	$	363	$	269,446

	Credit Quality Indicator - by Origination Year as of December 31, 2020
	2020		2019		2018		2017		2016		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Residential Mortgage:
Current	$	398,267	$	221,019	$	158,962	$	144,256	$	106,360	$	265,620	$	—	$	1,294,484
Non-performing		—		—		782		58		1,454		2,090		—		4,384
Total	$	398,267	$	221,019	$	159,744	$	144,314	$	107,814	$	267,710	$	—	$	1,298,868
Home equity:
Current	$	2,131	$	6,024	$	7,997	$	6,976	$	2,119	$	5,191	$	75,756	$	106,194
Non-performing		—		—		—		—		—		—		—		—
Total	$	2,131	$	6,024	$	7,997	$	6,976	$	2,119	$	5,191	$	75,756	$	106,194
Consumer:
Current	$	16,192	$	5,819	$	3,652	$	2,643	$	4,879	$	8,032	$	552	$	41,769
Non-performing		—		—		—		—		—		—		—		—
Total	$	16,192	$	5,819	$	3,652	$	2,643	$	4,879	$	8,032	$	552	$	41,769

	Credit Quality Indicator - by Origination Year as of December 31, 2020
	2020		2019		2018		2017		2016		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Commercial Mortgage:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	282,870	$	396,026	$	197,473	$	106,489	$	126,537	$	221,257	$	—	$	1,330,652
7 (Special Mention)		—		872		13,445		1,270		85		8,304		—		23,976
8 (Substandard)		—		145		—		—		215		3,300		—		3,660
9 (Doubtful)		—		—		—		—		—		674		—		674
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	282,870	$	397,043	$	210,918	$	107,759	$	126,837	$	233,535	$	—	$	1,358,962
Commercial and Industrial:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	210,356	$	51,424	$	37,286	$	23,700	$	2,920	$	7,373	$	416	$	333,475
7 (Special Mention)		534		3,407		3,725		420		180		1,001		10		9,277
8 (Substandard)		1,333		1,116		544		—		1,907		203		—		5,103
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	212,223	$	55,947	$	41,555	$	24,120	$	5,007	$	8,577	$	426	$	347,855

Schedule of Loans Receivable Disaggregated by Past Due Status

The following tables contain period-end balances of loans receivable disaggregated by past due status:

	December 31, 2021
	30-59 Days		60-89 Days		90 Days or greater		Total Past Due		Current Loans		Total		Amortized Cost 90+ Days Past Due and Accruing
	(dollars in thousands)
Residential mortgages	$	8,470	$	415	$	1,488	$	10,373	$	1,404,706	$	1,415,079	$	—
Commercial mortgages		476		—		—		476		1,510,526		1,511,002		—
Home equity		314		643		—		957		87,003		87,960		—
Commercial and Industrial		5		437		—		442		269,004		269,446		—
Consumer loans		—		—		—		—		35,619		35,619		—
Total	$	9,265	$	1,495	$	1,488	$	12,248	$	3,306,858	$	3,319,106	$	—

	December 31, 2020
	30-59 Days		60-89 Days		90 Days or Greater		Total Past Due		Current Loans		Total		Amortized Cost 90+ Days Past Due and Accruing
	(dollars in thousands)
Residential mortgages	$	12,647	$	2,450	$	2,335	$	17,432	$	1,281,436	$	1,298,868	$	—
Commercial mortgages		1,080		—		674		1,754		1,357,208		1,358,962		—
Home equity		843		353		—		1,196		104,998		106,194		—
Commercial and Industrial		276		1,917		409		2,602		345,253		347,855		407
Consumer loans		3,120		—		—		3,120		38,649		41,769		—
Total	$	17,966	$	4,720	$	3,418	$	26,104	$	3,127,544	$	3,153,648	$	407

Summary of Changes in Allowance for Credit Losses Disaggregated by Loan Category

The following tables contain changes in the allowance for credit losses disaggregated by loan category:

	For the Year Ended December 31, 2021
	Residential Mortgage			Commercial Mortgage			Home Equity			Commercial and Industrial			Consumer			Unfunded Commitments		Total
	(dollars in thousands)
Allowance for credit loss:
Allowance for credit losses - loan portfolio:
Balance at December 31, 2020	$	13,067		$	18,564		$	552		$	3,309		$	524		$	—	$	36,016
Charge-offs		(4	)		—			—			(41	)		(42	)		—		(87	)
Recoveries		—			30			—			181			30			—		241
Provision for (Release of)    credit losses - loan portfolio		320			(1,461	)		(146	)		(460	)		73			—		(1,674	)
Allowance for credit losses - loan portfolio	$	13,383		$	17,133		$	406		$	2,989		$	585		$	—	$	34,496
Allowance for credit losses -    unfunded commitments:
Balance at December 31, 2020	$	—		$	—		$	—		$	—		$	—		$	1,004	$	1,004
Provision for credit losses - unfunded commitments		—			—			—			—			—			380		380
Allowance for credit losses- unfunded commitments	$	—		$	—		$	—		$	—		$	—		$	1,384	$	1,384
Total allowance for credit loss	$	13,383		$	17,133		$	406		$	2,989		$	585		$	1,384	$	35,880

	For the Year Ended December 31, 2020
	Residential Mortgages		Commercial Mortgages			Home Equity			Commercial & Industrial			Consumer			Unfunded Commitments		Total
	(dollars in thousands)
Allowance for credit loss:
Allowance for credit losses - loan portfolio:
Balance at December 31, 2019	$	5,141	$	10,905		$	461		$	1,475		$	198		$	—	$	18,180
Adoption of ASC 326		2,061		(1,447	)		(205	)		(492	)		288			—		205
Provision for acquired loans		2,880		3,625			188			1,577			12			—		8,282
Initial allowance for PCD		35		382			—			20			—			—		437
Charge-offs		—		(264	)		—			(400	)		(40	)		—		(704	)
Recoveries		—		—			—			250			15			—		265
Provision for credit losses loan portfolio		2,950		5,363			108			879			51			—		9,351
Allowance for credit losses - loan portfolio	$	13,067	$	18,564		$	552		$	3,309		$	524		$	—	$	36,016
Allowance for credit losses - unfunded commitments:
Balance at December 31, 2019	$	—	$	—		$	—		$	—		$	—		$	50	$	50
Adoption of ASC 326		—		—			—			—			—			276		276
Acquired loan commitments		—		—			—			—			—			356		356
Provision for credit losses- unfunded commitments		—		—			—			—			—			322		322
Allowance for credit losses-unfunded commitments		—		—			—			—			—			1,004		1,004
Total allowance for credit loss	$	13,067	$	18,564		$	552		$	3,309		$	524		$	1,004	$	37,020