XML 44 R32.htm IDEA: XBRL DOCUMENT v3.22.4
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
12 Months Ended
Dec. 31, 2022
LOANS AND ALLOWANCE FOR LOAN LOSSES  
Schedule of classes of the loan portfolio summarized by risk rating

Commercial and

(Dollars in thousands)

Industrial

Commercial Real Estate

December 31, 

December 31, 

December 31, 

December 31, 

    

2022

    

2021

    

2022

    

2021

Grade:

 

  

 

  

 

  

 

  

1-6 Pass

$

85,845

$

81,561

$

591,309

$

498,565

7    Special Mention

 

 

 

634

 

1,098

8    Substandard

 

725

 

796

 

18,781

 

21,248

9    Doubtful

 

 

 

 

Add (deduct):  Unearned discount

 

 

 

 

   Net deferred loan fees and costs

 

429

 

169

 

825

 

743

Total loans

$

86,999

$

82,526

$

611,549

$

521,654

Residential Real Estate

Including Home Equity

Consumer 

December 31, 

December 31, 

December 31, 

December 31, 

    

2022

    

2021

    

2022

    

2021

Grade:

1-6 Pass

$

153,902

$

141,983

$

5,349

$

5,210

7    Special Mention

 

 

570

 

 

8    Substandard

 

795

 

1,020

 

 

5

9    Doubtful

 

 

 

 

Add (deduct):  Unearned discount

 

 

 

 

   Net deferred loan fees and costs

 

(191)

 

(190)

 

66

 

63

Total loans

$

154,506

$

143,383

$

5,415

$

5,278

Total Loans

December 31, 

December 31, 

    

2022

    

2021

Grade:

 

  

 

  

1-6 Pass

$

836,405

$

727,319

7 Special Mention

 

634

 

1,668

8 Substandard

 

20,301

 

23,069

9 Doubtful

 

 

Add (deduct):  Unearned discount

 

 

   Net deferred loan fees and costs

 

1,129

 

785

Total loans

$

858,469

$

752,841

Schedule of the allowance for loan losses, by loan class

(Dollars in thousands)

Commercial

    

Commercial

    

Residential

    

    

    

and Industrial

Real Estate

Real Estate

Consumer

Unallocated

Total

As of and for the year ended December 31, 2022:

Allowance for Loan Losses:

  

 

  

 

  

 

  

 

  

 

  

Beginning balance

$

681

$

5,408

$

1,539

$

84

$

968

$

8,680

Charge-offs

 

(158)

 

(3)

 

(12)

 

(33)

 

 

(206)

Recoveries

 

3

 

40

 

16

 

5

 

 

64

Provision (credit)

 

178

 

487

 

14

 

25

 

(968)

 

(264)

Ending Balance

$

704

$

5,932

$

1,557

$

81

$

$

8,274

Ending balance: individually

 

  

 

 

 

 

 

evaluated for impairment

$

$

$

$

$

$

Ending balance: collectively

 

 

 

 

 

 

evaluated for impairment

$

704

$

5,932

$

1,557

$

81

$

$

8,274

Loans Receivable:

 

 

 

 

 

 

Ending Balance

$

86,999

$

611,549

$

154,506

$

5,415

$

$

858,469

Ending balance: individually

 

 

 

 

 

 

evaluated for impairment

$

973

$

9,495

$

739

$

$

$

11,207

Ending balance: collectively

 

 

 

 

 

 

evaluated for impairment

$

86,026

$

602,054

$

153,767

$

5,415

$

$

847,262

(Dollars in thousands)

Commercial

    

Commercial

    

Residential

    

    

    

and Industrial

Real Estate

Real Estate

Consumer

Unallocated

Total

As of and for the year ended December 31, 2021:

Allowance for Loan Losses:

  

 

  

 

  

 

  

 

  

 

  

Beginning balance

$

787

$

4,762

$

1,643

$

94

$

647

$

7,933

Charge-offs

 

(13)

 

(29)

 

(80)

 

(36)

 

 

(158)

Recoveries

 

 

30

 

4

 

11

 

 

45

(Credit) provision

 

(93)

 

645

 

(28)

 

15

 

321

 

860

Ending Balance

$

681

$

5,408

$

1,539

$

84

$

968

$

8,680

Ending balance: individually

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

$

$

$

$

$

Ending balance: collectively

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

681

$

5,408

$

1,539

$

84

$

968

$

8,680

Loans Receivable:

 

  

 

  

 

  

 

  

 

  

 

  

Ending Balance

$

82,526

$

521,654

$

143,383

$

5,278

$

$

752,841

Ending balance: individually

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

1,017

$

11,803

$

853

$

$

$

13,673

Ending balance: collectively

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

81,509

$

509,851

$

142,530

$

5,278

$

$

739,168

Schedule of the outstanding recorded investment of TDRs

(Dollars in thousands)

    

December 31, 

    

December 31, 

2022

2021

Non-accrual TDRs

$

1,324

$

1,413

Accruing TDRs

 

6,156

 

6,607

Total

$

7,480

$

8,020

Schedule of the loan modifications categorized as TDRs

Of the loans that were modified as TDRs within the twelve months preceding December 31, 2022, no loans experienced payment defaults during the year ended December 31, 2022. Three commercial real estate loans totaling $285,000 that were modified as TDRs within the twelve months preceding December 31, 2021 experienced payment defaults during the year ended December 31, 2021.

The following table presents information regarding the loan modifications categorized as TDRs during the year ended December 31, 2022 and 2021.

(Dollars in thousands)

Year Ended December 31, 2022

Pre-Modification

Post-Modification

Outstanding

Outstanding

Number of

Recorded

Recorded

Recorded

Contracts

Investment

Investment

Investment

Commercial Real Estate

2

$

481

$

515

$

501

Total

2

$

481

$

515

$

501

(Dollars in thousands)

Year Ended December 31, 2021

Pre-Modification

Post-Modification

Outstanding

Outstanding

Number of

Recorded

Recorded

Recorded

Contracts

Investment

Investment

Investment

Commercial Real Estate

4

$

360

$

360

$

342

Total

4

$

360

$

360

$

342

Schedule of loan modifications made for loans categorized as TDRs

Year Ended December 31, 2022

    

Rate

Term

Payment

Number

Modification

Modification

Modification

Modified

Commercial Real Estate

2

2

Total

2

2

Year Ended December 31, 2021

    

Rate

Term

Payment

Number

Modification

Modification

Modification

Modified

Commercial Real Estate

2

2

4

Total

2

2

4

Schedule of information related to loan modifications

Schedule of recorded investment, unpaid principal balance, related allowance, average recorded investment, and interest income recognized with respect to the Corporation's impaired loans

The recorded investment, unpaid principal balance, and the related allowance of the Corporation’s impaired loans are summarized below at December 31, 2022 and 2021.

(Dollars in thousands)

December 31, 2022

December 31, 2021

    

    

Unpaid

    

    

    

Unpaid

    

Recorded

Principal

Related

Recorded

Principal

Related

Investment

Balance

Allowance

Investment

Balance

Allowance

With no related allowance recorded:

 

  

 

  

 

  

 

  

 

  

 

  

Commercial and Industrial

$

973

$

973

$

$

1,017

$

1,017

$

Commercial Real Estate

 

9,495

 

12,430

 

 

11,803

 

14,735

 

Residential Real Estate

 

739

 

771

 

 

853

 

885

 

 

 

 

  

 

 

 

  

With an allowance recorded:

 

 

 

  

 

 

 

  

Commercial and Industrial

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

Total

$

11,207

$

14,174

$

$

13,673

$

16,637

$

Total consists of:

 

 

 

  

 

 

 

  

Commercial and Industrial

$

973

$

973

$

$

1,017

$

1,017

$

Commercial Real Estate

$

9,495

$

12,430

$

$

11,803

$

14,735

$

Residential Real Estate

$

739

$

771

$

$

853

$

885

$

At December 31, 2022 and 2021, $7,480,000 and $8,020,000 of loans classified as TDRs were included in impaired loans with a total allocated allowance of $0 at both December 31, 2022 and December 31, 2021. The recorded investment represents the loan balance reflected on the consolidated balance sheets net of any charge-offs. The unpaid balance is equal to the gross amount due on the loan.

The average recorded investment and interest income recognized for the Corporation’s impaired loans are summarized below for the years ended December 31, 2022 and 2021.

(Dollars in thousands)

For the Year Ended

For the Year Ended

December 31, 2022

December 31, 2021

    

Average

    

Interest

    

Average

    

Interest

Recorded

Income

Recorded

Income

Investment

Recognized

Investment

Recognized

With no related allowance recorded:

 

  

 

  

 

  

 

  

Commercial and Industrial

$

992

$

14

$

1,052

$

9

Commercial Real Estate

 

10,741

 

294

 

12,571

 

346

Residential Real Estate

 

841

 

1

 

1,107

 

2

 

 

 

  

 

  

With an allowance recorded:

 

 

 

  

 

  

Commercial and Industrial

 

 

 

 

Commercial Real Estate

 

 

 

198

 

Residential Real Estate

 

 

 

 

Total

$

12,574

$

309

$

14,928

$

357

 

 

 

  

 

  

Total consists of:

 

 

 

  

 

  

Commercial and Industrial

$

992

$

14

$

1,052

$

9

Commercial Real Estate

$

10,741

$

294

$

12,769

$

346

Residential Real Estate

$

841

$

1

$

1,107

$

2

Of the $309,000 and $357,000 in interest income recognized on impaired loans for the years ended December 31, 2022 and 2021, respectively, $0 and $3,000 in interest income was recognized with respect to non-accrual loans for each respective period.

Schedule of total non-performing assets

Total non-performing assets (which includes loans receivable on non-accrual status, foreclosed assets held for resale and loans past-due 90 days or more and still accruing interest) as of December 31, 2022 and 2021 were as follows:

(Dollars in thousands)

December 31, 

December 31, 

    

2022

    

2021

Commercial and Industrial

$

664

$

708

Commercial Real Estate

 

3,658

5,519

Residential Real Estate

 

729

 

839

Total non-accrual loans

 

5,051

 

7,066

Foreclosed assets held for resale

 

 

Loans past-due 90 days or more and still accruing interest

 

308

 

Total non-performing assets

$

5,359

$

7,066

Schedule of the classes of the loan portfolio, including non-accrual loans and TDRs, summarized by past-due status

The following tables present the classes of the loan portfolio summarized by the past-due status at December 31, 2022 and 2021:

(Dollars in thousands)

    

    

    

    

    

    

    

90 Days

Or Greater

Past Due

90 Days

Current-

and Still

30-59 Days

60-89 Days

or Greater

Total

29 Days

Total

Accruing

Past Due

Past Due

Past Due

Past Due

Past Due

Loans

Interest

December 31, 2022:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Commercial and Industrial

$

61

$

63

$

640

$

764

$

86,235

$

86,999

$

Commercial Real Estate

 

2,074

 

34

 

3,797

 

5,905

 

605,644

 

611,549

 

140

Residential Real Estate

 

608

 

25

 

897

 

1,530

 

152,976

 

154,506

 

168

Consumer

 

11

 

2

 

 

13

 

5,402

 

5,415

 

Total

$

2,754

$

124

$

5,334

$

8,212

$

850,257

$

858,469

$

308

(Dollars in thousands)

    

    

    

    

    

    

    

90 Days

Or Greater

Past Due

90 Days

Current-

and Still

30-59 Days

60-89 Days

or Greater

Total

29 Days

Total

Accruing

Past Due

Past Due

Past Due

Past Due

Past Due

Loans

Interest

December 31, 2021:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Commercial and Industrial

$

47

$

$

678

$

725

$

81,801

$

82,526

$

Commercial Real Estate

 

116

 

189

 

4,891

 

5,196

 

516,458

 

521,654

 

Residential Real Estate

 

553

 

191

 

839

 

1,583

 

141,800

 

143,383

 

Consumer

 

14

 

 

 

14

 

5,264

 

5,278

 

Total

$

730

$

380

$

6,408

$

7,518

$

745,323

$

752,841

$