Loans and the Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Loans Outstanding by Category

Loans outstanding are detailed by category as follows:

	March 31, 2019			December 31, 2018
	(dollars in thousands)
Residential mortgage
Mortgages - fixed rate	$	288,843		$	293,267
Mortgages - adjustable rate		322,926			309,656
Deferred costs net of unearned fees		1,485			1,408
Total residential mortgages		613,254			604,331
Commercial mortgage
Mortgages - nonowner occupied		658,175			654,394
Mortgages - owner occupied		58,863			59,335
Construction		32,736			44,146
Deferred costs net of unearned fees		61			82
Total commercial mortgages		749,835			757,957
Home equity
Home equity - lines of credit		62,697			63,421
Home equity - term loans		5,910			5,665
Deferred costs net of unearned fees		242			250
Total home equity		68,849			69,336
Commercial & industrial
Commercial & industrial		90,187			93,728
Deferred costs (fees) net of unearned fees		(15	)		(16	)
Total commercial & industrial		90,172			93,712
Consumer
Secured		31,980			33,252
Unsecured		1,049			1,171
Deferred costs net of unearned fees		15			13
Total consumer		33,044			34,436
Total loans	$	1,555,154		$	1,559,772

Non-performing Loans Disaggregated by Loan Category

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

	March 31, 2019
	Residential Mortgages		Commercial Mortgages		Home Equity		Commercial & Industrial		Consumer		Total
	(dollars in thousands)
Non-performing loans:
Non-accrual loans	$	505	$	—	$	13	$	—	$	—	$	518
Loans past due >90 days, but still accruing		—		—		—		—		—		—
Troubled debt restructurings		108		—		—		—		—		108
Total	$	613	$	—	$	13	$	—	$	—	$	626

	December 31, 2018
	Residential Mortgages		Commercial Mortgages		Home Equity		Commercial & Industrial		Consumer		Total
	(dollars in thousands)
Non-performing loans:
Non-accrual loans	$	512	$	—	$	13	$	—	$	—	$	525
Loans past due >90 days, but still accruing		—		—		—		—		—		—
Troubled debt restructurings		111		—		—		6		—		117
Total	$	623	$	—	$	13	$	6	$	—	$	642

Loans Receivable Disaggregated by Credit Quality Indicator

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

	March 31, 2019
	Residential Mortgages		Home Equity		Consumer
	(dollars in thousands)
Credit risk profile based on payment activity:
Performing	$	612,641	$	68,836	$	33,044
Non-performing		613		13		—
Total	$	613,254	$	68,849	$	33,044
			Commercial Mortgages		Commercial & Industrial
Credit risk profile by internally assigned grade:
1-6 (Pass)			$	745,251	$	82,792
7 (Special Mention)				4,584		3,797
8 (Substandard)				—		3,583
9 (Doubtful)				—		—
10 (Loss)				—		—
Total			$	749,835	$	90,172

	December 31, 2018
	Residential Mortgages		Home Equity		Consumer
	(dollars in thousands)
Credit risk profile based on payment activity:
Performing	$	603,708	$	69,323	$	34,436
Non-performing		623		13		—
Total	$	604,331	$	69,336	$	34,436
			Commercial Mortgages		Commercial & Industrial
Credit risk profile by internally assigned grade:
1-6 (Pass)			$	753,338	$	85,821
7 (Special Mention)				4,619		4,186
8 (Substandard)				—		3,705
9 (Doubtful)				—		—
10 (Loss)				—		—
Total			$	757,957	$	93,712

Schedule of Loans Receivable Disaggregated by Past Due Status

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

	March 31, 2019
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater		Total Past Due		Current Loans		Total
	(dollars in thousands)
Residential Mortgages	$	2,174	$	—	$	351	$	2,525	$	610,729	$	613,254
Commercial Mortgages		1,062		—		—		1,062		748,773		749,835
Home Equity		—		68		—		68		68,781		68,849
Commercial & Industrial		—		—		—		—		90,172		90,172
Consumer loans		7		5		—		12		33,032		33,044
Total	$	3,243	$	73	$	351	$	3,667	$	1,551,487	$	1,555,154

	December 31, 2018
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater		Total Past Due		Current Loans		Total
	(dollars in thousands)
Residential Mortgages	$	1,034	$	121	$	351	$	1,506	$	602,825	$	604,331
Commercial Mortgages		—		—		—		—		757,957		757,957
Home Equity		—		—		—		—		69,336		69,336
Commercial & Industrial		—		—		—		—		93,712		93,712
Consumer loans		108		—		—		108		34,328		34,436
Total	$	1,142	$	121	$	351	$	1,614	$	1,558,158	$	1,559,772

Information Pertaining to Impaired Loans

The following tables present information pertaining to impaired loans:

	For the Three Months Ended March 31, 2019
	Carrying Value		Average Carrying Value		Unpaid Principal Balance		Related Allowance		Interest Income Recognized
	(dollars in thousands)
With no required reserve recorded:
Commercial and industrial	$	—	$	—	$	—	$	—	$	—
Commercial mortgage		—		—		—		—		—
Residential mortgage		627		630		732		—		1
Home equity		99		99		135		—		—
Total		726		729		867		—		1
With required reserve recorded:
Commercial and industrial		—		—		—		—		—
Commercial mortgage		—		—		—		—		—
Residential mortgage		—		—		—		—		—
Home equity		—		—		—		—		—
Total		—		—		—		—		—
Total:
Commercial and industrial		—		—		—		—		—
Commercial mortgage		—		—		—		—		—
Residential mortgage		627		630		732		—		1
Home equity		99		99		135		—		—
Total	$	726	$	729	$	867	$	—	$	1

Summary of Changes in Allowance for Loan Losses Disaggregated by Loan Type

The following tables contain changes in the allowance for loan losses disaggregated by loan category March 31, 2019:

	For the Three Months Ended March 31, 2019
	Residential Mortgages		Commercial Mortgages			Home Equity		Commercial & Industrial			Consumer			Impaired		Total
	(dollars in thousands)
Allowance for loan losses:
Balance at December 31, 2018	$	4,946	$	9,626		$	517	$	1,415		$	264		$	—	$	16,768
Charge-offs		—		—			—		(30	)		(9	)		—		(39	)
Recoveries		—		—			—		12			4			—		16
Provision for (Release of)		310		(257	)		17		(152	)		(11	)		—		(93	)
Balance at March 31, 2019	$	5,256	$	9,369		$	534	$	1,245		$	248		$	—	$	16,652

	For the Three Months Ended March 31, 2018
	Residential Mortgages			Commercial Mortgages		Home Equity			Commercial & Industrial			Consumer			Impaired			Total
	(dollars in thousands)
Allowance for loan losses:
Balance at  December 31, 2017	$	5,047		$	8,289	$	630		$	946		$	315		$	93		$	15,320
Charge-offs		—			—		—			(5	)		(5	)		—			(10	)
Recoveries		—			—		—			11			2			—			13
Provision for (Release of)		(355	)		648		(60	)		193			(14	)		(3	)		409
Balance at March 31, 2018	$	4,692		$	8,937	$	570		$	1,145		$	298		$	90		$	15,732

Summary of Allowance for Loan Losses and Related Loans Receivable Disaggregated by Impairment Method

The following tables contain period-end balances of the allowance for loan losses and related loans receivable disaggregated by impairment method:

	March 31, 2019
	Residential Mortgages		Commercial Mortgages		Home Equity		Commercial & Industrial		Consumer		Total
	(dollars in thousands)
Allowance for loan losses
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		5,256		9,369		534		1,245		248		16,652
Total	$	5,256	$	9,369	$	534	$	1,245	$	248	$	16,652
Loans receivable
Individually evaluated for impairment	$	627	$	—	$	99	$	—	$	—	$	726
Collectively evaluated for impairment		612,627		749,835		68,750		90,172		33,044		1,554,428
Total	$	613,254	$	749,835	$	68,849	$	90,172	$	33,044	$	1,555,154

	December 31, 2018
	Residential Mortgages		Commercial Mortgages		Home Equity		Commercial & Industrial		Consumer		Total
	(dollars in thousands)
Allowance for loan losses
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		4,945		9,626		517		1,415		265		16,768
Total	$	4,945	$	9,626	$	517	$	1,415	$	265	$	16,768
Loans receivable
Individually evaluated for impairment	$	647	$	—	$	88	$	5	$	—	$	740
Collectively evaluated for impairment		603,684		757,957		69,248		93,707		34,436		1,559,032
Total	$	604,331	$	757,957	$	69,336	$	93,712	$	34,436	$	1,559,772