XML 36 R26.htm IDEA: XBRL DOCUMENT v3.23.1
Note 8 - Loans & Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2023
Troubled Debt Restructuring [Member]  
Allowance for Loan Losses

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

Unpaid
principal
balance

 

 

Related
allowance

 

 

Unpaid
principal
balance

 

 

Related
allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TDRs with no specific allowance recorded

 

$

4,312

 

 

$

—

 

 

$

1,272

 

 

$

—

 

TDRs with an allowance recorded

 

 

245

 

 

 

245

 

 

 

3,400

 

 

 

392

 

Total

 

$

4,557

 

 

$

245

 

 

$

4,672

 

 

$

392

 
Retail and Commercial Loans [Member]  
Major Classes of Loans

Major classes of loans are as follows:

 

 

March 31,

 

 

 

2023

 

Commercial:

 

 

 

Commercial and industrial

 

$

144,909

 

Construction and land development

 

 

59,639

 

Real estate secured by multi-family properties

 

 

98,886

 

Real estate secured by owner-occupied properties

 

 

156,812

 

Real estate secured by other commercial properties

 

 

257,944

 

Revolving real estate secured by 1-4 family properties-business

 

 

6,552

 

Real estate secured by 1st lien on 1-4 family properties-business

 

 

96,703

 

Real estate secured by junior lien on 1-4 family properties-business

 

 

3,457

 

State and political subdivisions

 

 

20,078

 

Retail:

 

 

 

1-4 family residential mortgages

 

 

106,758

 

Construction-individual

 

 

152

 

Revolving home equity secured by 1-4 family properties-personal

 

 

34,454

 

Real estate secured by 1st lien on 1-4 family properties-personal

 

 

10,697

 

Real estate secured by junior lien on 1-4 family properties-personal

 

 

11,355

 

Student loans

 

 

1,917

 

Overdrafts

 

 

103

 

Other consumer

 

 

1,736

 

Total loans

 

 

1,012,152

 

Net unearned (fees) costs

 

 

(196

)

Allowance for credit losses on loans

 

 

(8,191

)

Loans receivable, net

 

$

1,003,765

 

 

 

December 31,

 

 

 

2022

 

Commercial:

 

 

 

Commercial and industrial

 

$

160,875

 

Construction

 

 

62,955

 

Secured by commercial real estate

 

 

518,070

 

Secured by residential real estate

 

 

103,419

 

State and political subdivisions

 

 

20,971

 

Retail:

 

 

 

1-4 family residential mortgages

 

 

105,654

 

Home equity loans and lines

 

 

63,580

 

Consumer

 

 

4,113

 

Total loans

 

 

1,039,637

 

Net unearned (fees) costs

 

 

(252

)

Allowance for loan losses

 

 

(10,531

)

Loans receivable, net

 

$

1,028,854

 
Internal Risk Ratings and Payment Activity

 

 

Term Loans by Origination Year

 

 

 

 

 

 

 

March 31, 2023

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

2019

 

 

Prior

 

 

Revolving

 

 

Total

 

Commercial Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

3,608

 

 

$

16,665

 

 

$

10,412

 

 

$

8,233

 

 

$

7,095

 

 

$

8,984

 

 

$

87,955

 

 

$

142,952

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

28

 

 

 

28

 

Substandard

 

 

—

 

 

 

179

 

 

 

—

 

 

 

4

 

 

 

24

 

 

 

242

 

 

 

1,480

 

 

 

1,929

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total commercial and industrial

 

$

3,608

 

 

$

16,844

 

 

$

10,412

 

 

$

8,237

 

 

$

7,119

 

 

$

9,226

 

 

$

89,463

 

 

$

144,909

 

Construction and land development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

6,821

 

 

$

27,572

 

 

$

13,172

 

 

$

3,441

 

 

$

4,160

 

 

$

4,424

 

 

$

—

 

 

$

59,590

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

49

 

 

 

—

 

 

 

49

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total construction and land development

 

$

6,821

 

 

$

27,572

 

 

$

13,172

 

 

$

3,441

 

 

$

4,160

 

 

$

4,473

 

 

$

—

 

 

$

59,639

 

Real estate secured by multi-family properties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

100

 

 

$

27,489

 

 

$

23,048

 

 

$

10,258

 

 

$

6,005

 

 

$

29,533

 

 

$

—

 

 

$

96,433

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

718

 

 

 

1,735

 

 

 

—

 

 

 

2,453

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total real estate secured by multi-family properties

 

$

100

 

 

$

27,489

 

 

$

23,048

 

 

$

10,258

 

 

$

6,723

 

 

$

31,268

 

 

$

—

 

 

$

98,886

 

Real estate secured by owner-occupied properties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,338

 

 

$

27,684

 

 

$

29,038

 

 

$

19,841

 

 

$

12,403

 

 

$

59,744

 

 

$

—

 

 

$

150,048

 

Special mention

 

 

—

 

 

 

—

 

 

 

127

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

127

 

Substandard

 

 

—

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

6,631

 

 

 

—

 

 

 

6,637

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total real estate secured by owner-occupied properties

 

$

1,338

 

 

$

27,684

 

 

$

29,171

 

 

$

19,841

 

 

$

12,403

 

 

$

66,375

 

 

$

—

 

 

$

156,812

 

Real estate secured by other commercial properties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

7,015

 

 

$

45,257

 

 

$

46,480

 

 

$

20,637

 

 

$

32,055

 

 

$

102,370

 

 

$

—

 

 

$

253,814

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,130

 

 

 

—

 

 

 

4,130

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total real estate secured by other commercial properties

 

$

7,015

 

 

$

45,257

 

 

$

46,480

 

 

$

20,637

 

 

$

32,055

 

 

$

106,500

 

 

$

—

 

 

$

257,944

 

 

 

Term Loans by Origination Year

 

 

 

 

 

 

 

March 31, 2023

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

2019

 

 

Prior

 

 

Revolving

 

 

Total

 

Revolving real estate secured by 1-4 family properties-business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

6,552

 

 

$

6,552

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total revolving real estate secured by 1-4 family properties-business

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

6,552

 

 

$

6,552

 

Real estate secured by 1st lien on 1-4 family properties-business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

2,170

 

 

 

28,943

 

 

 

21,342

 

 

 

11,431

 

 

 

9,148

 

 

 

22,722

 

 

 

—

 

 

 

95,756

 

Special mention

 

 

—

 

 

 

193

 

 

 

139

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

332

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

455

 

 

 

160

 

 

 

—

 

 

 

615

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total real estate secured by 1st lien on 1-4 family properties-business

 

$

2,170

 

 

$

29,136

 

 

$

21,481

 

 

$

11,431

 

 

$

9,603

 

 

$

22,882

 

 

$

—

 

 

$

96,703

 

Real estate secured by junior lien on 1-4 family properties-business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

306

 

 

$

632

 

 

$

567

 

 

$

633

 

 

$

45

 

 

$

1,006

 

 

$

—

 

 

$

3,189

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

268

 

 

 

—

 

 

 

268

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total real estate secured by junior lien on 1-4 family properties-business

 

$

306

 

 

$

632

 

 

$

567

 

 

$

633

 

 

$

45

 

 

$

1,274

 

 

$

—

 

 

$

3,457

 

State and political subdivisions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

—

 

 

$

40

 

 

$

5,017

 

 

$

25

 

 

$

5,931

 

 

$

9,065

 

 

$

—

 

 

$

20,078

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total real estate secured by junior lien on 1-4 family properties-business

 

$

—

 

 

$

40

 

 

$

5,017

 

 

$

25

 

 

$

5,931

 

 

$

9,065

 

 

$

—

 

 

$

20,078

 

Total Commercial Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

 

21,358

 

 

 

174,282

 

 

 

149,076

 

 

 

74,499

 

 

 

76,842

 

 

 

237,848

 

 

 

94,507

 

 

 

828,412

 

Special mention

 

 

—

 

 

 

193

 

 

 

266

 

 

 

—

 

 

 

718

 

 

 

1,784

 

 

 

28

 

 

 

2,989

 

Substandard

 

 

—

 

 

 

179

 

 

 

6

 

 

 

4

 

 

 

479

 

 

 

11,431

 

 

 

1,480

 

 

 

13,579

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Commercial loans

 

$

21,358

 

 

$

174,654

 

 

$

149,348

 

 

$

74,503

 

 

$

78,039

 

 

$

251,063

 

 

$

96,015

 

 

$

844,980

 

 

December 31, 2022

 

Pass

 

 

Special
mention

 

 

Substandard

 

 

Doubtful

 

 

Total

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

157,914

 

 

$

23

 

 

$

2,938

 

 

$

—

 

 

$

160,875

 

Construction

 

 

62,955

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

62,955

 

Secured by commercial real estate

 

 

505,657

 

 

 

2,597

 

 

 

9,816

 

 

 

—

 

 

 

518,070

 

Secured by residential real estate

 

 

102,295

 

 

 

194

 

 

 

930

 

 

 

—

 

 

 

103,419

 

State and political subdivisions

 

 

20,971

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

20,971

 

Total

 

$

849,792

 

 

$

2,814

 

 

$

13,684

 

 

$

—

 

 

$

866,290

 
Past Due Loans

March 31, 2023

 

30-59 days
past due

 

 

60-89 days
past due

 

 

90 days or
more past
due

 

 

Total past
due loans

 

 

Current

 

 

Total loans
receivable

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

40

 

 

$

—

 

 

$

—

 

 

$

40

 

 

$

144,869

 

 

$

144,909

 

Construction and land development

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

59,639

 

 

 

59,639

 

Real estate secured by multi-family properties

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

98,886

 

 

 

98,886

 

Real estate secured by owner-occupied properties

 

 

2,978

 

 

 

—

 

 

 

—

 

 

 

2,978

 

 

 

153,834

 

 

 

156,812

 

Real estate secured by other commercial properties

 

 

1,588

 

 

 

—

 

 

 

—

 

 

 

1,588

 

 

 

256,356

 

 

 

257,944

 

Revolving real estate secured by 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

6,552

 

 

 

6,552

 

Real estate secured by 1st lien on 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

9

 

 

 

9

 

 

 

96,694

 

 

 

96,703

 

Real estate secured by junior lien on 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,457

 

 

 

3,457

 

State and political subdivisions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

20,078

 

 

 

20,078

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

1,130

 

 

 

—

 

 

 

116

 

 

 

1,246

 

 

 

105,512

 

 

 

106,758

 

Construction-individual

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

152

 

 

 

152

 

Revolving home equity secured by 1-4 family properties-personal

 

 

—

 

 

 

53

 

 

 

—

 

 

 

53

 

 

 

34,401

 

 

 

34,454

 

Real estate secured by 1st lien on 1-4 family properties-personal

 

 

—

 

 

 

—

 

 

 

101

 

 

 

101

 

 

 

10,596

 

 

 

10,697

 

Real estate secured by junior lien on 1-4 family properties-personal

 

 

19

 

 

 

—

 

 

 

—

 

 

 

19

 

 

 

11,336

 

 

 

11,355

 

Student loans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,917

 

 

 

1,917

 

Overdrafts

 

 

16

 

 

 

6

 

 

 

—

 

 

 

22

 

 

 

81

 

 

 

103

 

Other consumer

 

 

9

 

 

 

—

 

 

 

—

 

 

 

9

 

 

 

1,727

 

 

 

1,736

 

Total

 

$

5,780

 

 

$

59

 

 

$

226

 

 

$

6,065

 

 

$

1,006,087

 

 

$

1,012,152

 

 

December 31, 2022

 

30-59 days
past due

 

 

60-89 days
past due

 

 

90 days or
more past
due

 

 

Total past
due loans

 

 

Current

 

 

Total loans
receivable

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

2,288

 

 

$

1

 

 

$

596

 

 

$

2,885

 

 

$

157,990

 

 

$

160,875

 

Construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

62,955

 

 

 

62,955

 

Secured by commercial real estate

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

518,070

 

 

 

518,070

 

Secured by residential real estate

 

 

—

 

 

 

—

 

 

 

30

 

 

 

30

 

 

 

103,389

 

 

 

103,419

 

State and political subdivisions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

20,971

 

 

 

20,971

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

1,139

 

 

 

—

 

 

 

127

 

 

 

1,266

 

 

 

104,388

 

 

 

105,654

 

Home equity loans and lines

 

 

21

 

 

 

—

 

 

 

10

 

 

 

31

 

 

 

63,549

 

 

 

63,580

 

Consumer

 

 

20

 

 

 

11

 

 

 

—

 

 

 

31

 

 

 

4,082

 

 

 

4,113

 

Total

 

$

3,468

 

 

$

12

 

 

$

763

 

 

$

4,243

 

 

$

1,035,394

 

 

$

1,039,637

 
Non-accrual Loans

March 31, 2023

 

90 Days or More Past Due-Still Accruing

 

 

Nonaccrual With No Specifically-Related ACL

 

 

Nonaccrual With Related ACL

 

 

Total Nonaccrual Loans

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

391

 

 

$

391

 

Construction and land development

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real estate secured by multi-family properties

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real estate secured by owner-occupied properties

 

 

—

 

 

 

825

 

 

 

—

 

 

 

825

 

Real estate secured by other commercial properties

 

 

—

 

 

 

2,263

 

 

 

—

 

 

 

2,263

 

Revolving real estate secured by 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real estate secured by 1st lien on 1-4 family properties-business

 

 

—

 

 

 

9

 

 

 

—

 

 

 

9

 

Real estate secured by junior lien on 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

245

 

 

 

245

 

State and political subdivisions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

—

 

 

 

448

 

 

 

—

 

 

 

448

 

Construction-individual

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Revolving home equity secured by 1-4 family properties-personal

 

 

—

 

 

 

25

 

 

 

158

 

 

 

183

 

Real estate secured by 1st lien on 1-4 family properties-personal

 

 

—

 

 

 

137

 

 

 

—

 

 

 

137

 

Real estate secured by junior lien on 1-4 family properties-personal

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Student loans

 

 

—

 

 

 

17

 

 

 

—

 

 

 

17

 

Other consumer

 

 

—

 

 

 

43

 

 

 

—

 

 

 

43

 

Total

 

$

—

 

 

$

3,767

 

 

$

794

 

 

$

4,561

 

 

The following tables disclose the recorded investment in loans receivable that are either on non-accrual status or past due 90 days or more and still accruing interest as of December 31, 2022:

December 31, 2022

 

90 days or
more past due
(still accruing)

 

 

Non-accrual

 

Commercial:

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

3,369

 

Construction

 

 

—

 

 

 

—

 

Secured by commercial real estate

 

 

—

 

 

 

2,279

 

Secured by residential real estate

 

 

—

 

 

 

391

 

State and political subdivisions

 

 

—

 

 

 

—

 

Retail:

 

 

 

 

 

 

1-4 family residential mortgages

 

 

—

 

 

 

721

 

Home equity loans and lines

 

 

—

 

 

 

680

 

Consumer

 

 

—

 

 

 

90

 

Total

 

$

—

 

 

$

7,530

 

 
Allowance for Loan Losses

Activity in the allowance for credit losses on loans for the three months ended March 31, 2023 and 2022 are as follows:

 

For the Three Months Ended March 31, 2023

 

Beginning balance prior to adoption of ASC 326

 

 

Impact of adopting ASC 326

 

 

Credit loss expense (reversal)

 

 

Charge-offs

 

 

Recoveries

 

 

Balance, end
of period

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,316

 

 

$

(70

)

 

$

(940

)

 

$

—

 

 

$

593

 

 

$

899

 

Construction and land development

 

 

755

 

 

 

(10

)

 

 

4

 

 

 

—

 

 

 

—

 

 

 

749

 

Real estate secured by multi-family properties

 

 

995

 

 

 

684

 

 

 

(102

)

 

 

—

 

 

 

—

 

 

 

1,577

 

Real estate secured by owner-occupied properties

 

 

1,549

 

 

 

(374

)

 

 

(203

)

 

 

—

 

 

 

—

 

 

 

972

 

Real estate secured by other commercial properties

 

 

2,458

 

 

 

(1,128

)

 

 

(239

)

 

 

—

 

 

 

—

 

 

 

1,091

 

Revolving real estate secured by 1-4 family properties-business

 

 

25

 

 

 

7

 

 

 

2

 

 

 

—

 

 

 

—

 

 

 

34

 

Real estate secured by 1st lien on 1-4 family properties-business

 

 

1,210

 

 

 

490

 

 

 

(430

)

 

 

—

 

 

 

3

 

 

 

1,273

 

Real estate secured by junior lien on 1-4 family properties-business

 

 

30

 

 

 

(14

)

 

 

242

 

 

 

—

 

 

 

—

 

 

 

258

 

State and political subdivisions

 

 

94

 

 

 

(20

)

 

 

(19

)

 

 

—

 

 

 

—

 

 

 

55

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

682

 

 

 

(196

)

 

 

(81

)

 

 

—

 

 

 

—

 

 

 

405

 

Construction-individual

 

 

1

 

 

 

-

 

 

 

-

 

 

 

—

 

 

 

—

 

 

 

1

 

Revolving home equity secured by 1-4 family properties-personal

 

 

299

 

 

 

(7

)

 

 

(43

)

 

 

—

 

 

 

—

 

 

 

249

 

Real estate secured by 1st lien on 1-4 family properties-personal

 

 

57

 

 

 

15

 

 

 

(8

)

 

 

—

 

 

 

—

 

 

 

64

 

Real estate secured by junior lien on 1-4 family properties-personal

 

 

55

 

 

 

29

 

 

 

(9

)

 

 

—

 

 

 

2

 

 

 

77

 

Student loans

 

 

454

 

 

 

12

 

 

 

(17

)

 

 

(3

)

 

 

2

 

 

 

448

 

Overdrafts

 

 

8

 

 

 

3

 

 

 

31

 

 

 

(43

)

 

 

10

 

 

 

9

 

Other consumer

 

 

41

 

 

 

(8

)

 

 

29

 

 

 

(32

)

 

 

—

 

 

 

30

 

Unallocated

 

 

502

 

 

 

(502

)

 

 

-

 

 

N/A

 

 

N/A

 

 

 

—

 

Total

 

$

10,531

 

 

$

(1,089

)

 

$

(1,783

)

 

$

(78

)

 

$

610

 

 

$

8,191

 

 

For the Three Months Ended March 31, 2022

 

Balance,
beginning of
period

 

 

Provision for
(credit to)
loan losses

 

 

Charge-offs

 

 

Recoveries

 

 

Balance, end
of period

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

4,050

 

 

$

(658

)

 

$

—

 

 

$

32

 

 

$

3,424

 

Construction

 

 

346

 

 

 

43

 

 

 

—

 

 

 

—

 

 

 

389

 

Secured by commercial real estate

 

 

3,736

 

 

 

417

 

 

 

—

 

 

 

—

 

 

 

4,153

 

Secured by residential real estate

 

 

871

 

 

 

270

 

 

 

(38

)

 

 

19

 

 

 

1,122

 

State and political subdivisions

 

 

89

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

88

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

533

 

 

 

32

 

 

 

—

 

 

 

—

 

 

 

565

 

Home equity loans and lines

 

 

386

 

 

 

(22

)

 

 

(12

)

 

 

6

 

 

 

358

 

Consumer

 

 

265

 

 

 

356

 

 

 

(111

)

 

 

34

 

 

 

544

 

Unallocated

 

 

550

 

 

 

21

 

 

N/A

 

 

N/A

 

 

 

571

 

Total

 

$

10,826

 

 

$

458

 

 

$

(161

)

 

$

91

 

 

$

11,214

 
Collateral-dependent Loans By Loan Category

The following table presents the collateral-dependent loans by loan category at March 31, 2023:

March 31, 2023

 

Real Estate Secured

 

 

Other (1)

 

 

Deficiency in Collateral

 

 

Total Collateral Dependent Nonaccrual Loans

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

294

 

 

$

97

 

 

$

391

 

Construction and land development

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real estate secured by multi-family properties

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real estate secured by owner-occupied properties

 

 

825

 

 

 

—

 

 

 

—

 

 

 

825

 

Real estate secured by other commercial properties

 

 

2,263

 

 

 

—

 

 

 

—

 

 

 

2,263

 

Revolving real estate secured by 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real estate secured by 1st lien on 1-4 family properties-business

 

 

9

 

 

 

 

 

 

 

 

 

9

 

Real estate secured by junior lien on 1-4 family properties-business

 

 

—

 

 

 

—

 

 

 

245

 

 

 

245

 

State and political subdivisions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

448

 

 

 

—

 

 

 

—

 

 

 

448

 

Construction-individual

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Revolving home equity secured by 1-4 family properties-personal

 

 

68

 

 

 

—

 

 

 

115

 

 

 

183

 

Real estate secured by 1st lien on 1-4 family properties-personal

 

 

137

 

 

 

—

 

 

 

—

 

 

 

137

 

Real estate secured by junior lien on 1-4 family properties-personal

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Other consumer

 

 

—

 

 

 

43

 

 

 

—

 

 

 

43

 

Total

 

$

3,750

 

 

$

337

 

 

$

457

 

 

$

4,544

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Secured by business assets, personal property and equipment or guarantees

 
Loans Disaggregated by Impairment Method

 

 

Allowance for Loan Losses

 

 

Loans Receivable

 

December 31, 2022

 

Balance

 

 

Balance
related
to loans
individually
evaluated for
impairment

 

 

Balance
related
to loans
collectively
evaluated for
impairment

 

 

Balance

 

 

Balance
individually
evaluated for
impairment

 

 

Balance
collectively
evaluated for
impairment

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,316

 

 

$

125

 

 

$

1,191

 

 

$

160,875

 

 

$

1,821

 

 

$

159,054

 

Construction

 

 

755

 

 

 

—

 

 

 

755

 

 

 

62,955

 

 

 

—

 

 

 

62,955

 

Secured by commercial real estate

 

 

5,002

 

 

 

131

 

 

 

4,871

 

 

 

518,070

 

 

 

5,309

 

 

 

512,761

 

Secured by residential real estate

 

 

1,240

 

 

 

321

 

 

 

919

 

 

 

103,419

 

 

 

1,362

 

 

 

102,057

 

State and political subdivisions

 

 

94

 

 

 

—

 

 

 

94

 

 

 

20,971

 

 

 

—

 

 

 

20,971

 

Retail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

683

 

 

 

—

 

 

 

683

 

 

 

105,654

 

 

 

628

 

 

 

105,026

 

Home equity loans and lines

 

 

437

 

 

 

119

 

 

 

318

 

 

 

63,580

 

 

 

402

 

 

 

63,178

 

Consumer

 

 

502

 

 

 

—

 

 

 

502

 

 

 

4,113

 

 

 

45

 

 

 

4,068

 

Unallocated

 

 

502

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

 

Total

 

$

10,531

 

 

$

696

 

 

$

9,333

 

 

$

1,039,637

 

 

$

9,567

 

 

$

1,030,070

 

 
Impaired Loans

 

 

December 31, 2022

 

 

 

Recorded
investment
(after
charge-offs)

 

 

Unpaid
principal
balance

 

 

Related
allowance

 

With no specific allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,402

 

 

$

1,694

 

 

 

 

Construction

 

 

—

 

 

 

—

 

 

 

 

Secured by commercial real estate

 

 

2,198

 

 

 

2,608

 

 

 

 

Secured by residential real estate

 

 

430

 

 

 

482

 

 

 

 

Retail:

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

628

 

 

 

678

 

 

 

 

Home equity loans and lines

 

 

240

 

 

 

296

 

 

 

 

Consumer

 

 

45

 

 

 

62

 

 

 

 

Total

 

$

4,943

 

 

$

5,820

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

419

 

 

$

601

 

 

$

125

 

Construction

 

 

—

 

 

 

—

 

 

 

—

 

Secured by commercial real estate

 

 

3,111

 

 

 

3,312

 

 

 

131

 

Secured by residential real estate

 

 

932

 

 

 

1,065

 

 

 

321

 

Retail:

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

—

 

 

 

—

 

 

 

—

 

Home equity loans and lines

 

 

162

 

 

 

191

 

 

 

119

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

4,624

 

 

$

5,169

 

 

$

696

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,821

 

 

$

2,295

 

 

$

125

 

Construction

 

 

—

 

 

 

—

 

 

 

—

 

Secured by commercial real estate

 

 

5,309

 

 

 

5,920

 

 

 

131

 

Secured by residential real estate

 

 

1,362

 

 

 

1,547

 

 

 

321

 

Retail:

 

 

 

 

 

 

 

 

 

1-4 family residential mortgages

 

 

628

 

 

 

678

 

 

 

—

 

Home equity loans and lines

 

 

402

 

 

 

487

 

 

 

119

 

Consumer

 

 

45

 

 

 

62

 

 

 

—

 

Total

 

$

9,567

 

 

$

10,989

 

 

$

696