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LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Loans and Leases Receivable Disclosure [Abstract]    
Composition of Loan Portfolio, Excluding Residential Loans Held for Sale
The composition of the Company’s loan portfolio, excluding residential loans held for sale, was as follows for the dates indicated:
(In thousands)March 31,
2021		December 31,
2020
Commercial Loans:
Commercial real estate - non owner-occupied$1,116,617 $1,097,975 
Commercial real estate - owner-occupied273,710 271,495 
Commercial366,159 381,494 
SBA PPP169,407 135,095 
Total commercial loans1,925,893 1,886,059 
Retail Loans:
Residential real estate1,051,765 1,054,798 
Home equity240,486 258,573 
Consumer18,902 20,392 
Total retail loans1,311,153 1,333,763 
Total loans$3,237,046 $3,219,822 
  
Schedule of Loan Balances by Portfolio Segment
The loan balances for each portfolio segment presented above are net of their respective unamortized fair value mark discount on acquired loans and net of unamortized loan origination costs for the dates indicated:
(In thousands)March 31,
2021		December 31,
2020
Net unamortized fair value mark discount on acquired loans$(1,058)$(1,291)
Net unamortized loan (fees) origination costs(1)
(2,444)856 
Total$(3,502)$(435)
(1)    The change in net unamortized loan (fees) origination costs from December 31, 2020 to March 31, 2021, was primarily driven by SBA PPP loan origination fees capitalized during the three months ended March 31, 2021. As of March 31, 2021 and December 31, 2020, unamortized loan fees on originated SBA PPP loans were $5.1 million and $2.2 million, respectively.
  
Summary of Activity in Allowance for Loan Losses
The following table presents the activity in the ACL on loans, as reported under CECL, for the periods indicated:
Commercial Real Estate
(In thousands)Non Owner-OccupiedOwner- OccupiedCommercialSBA PPPResidential Real EstateHome EquityConsumerTotal
At or For The Three Months Ended March 31, 2021
Beginning balance, December 31, 2020$21,778 $2,832 $6,703 $69 $3,474 $2,616 $393 $37,865 
Loans charged off— — (147)— (53)(38)(49)(287)
Recoveries— 2 43 — — — 6 51 
Provision (credit) for loan losses695 (286)(1,429)18 (328)(402)(122)(1,854)
Ending balance, March 31, 2021$22,473 $2,548 $5,170 $87 $3,093 $2,176 $228 $35,775 
At or For The Year Ended December 31, 2020
Beginning balance, December 31, 2019$10,924 $1,490 $3,985 $— $5,842 $2,423 $507 $25,171 
Impact of adopting CECL(1)
(668)(90)1,548 — (1,129)792 (220)233 
Loans charged off(82)(21)(1,130)— (121)(317)(167)(1,838)
Recoveries107 13 572 — 292 33 67 1,084 
Provision (credit) for loan losses11,497 1,440 1,728 69 (1,410)(315)206 13,215 
Ending balance, December 31, 2020$21,778 $2,832 $6,703 $69 $3,474 $2,616 $393 $37,865 
(1)    The Company adopted ASU 2016-13, "CECL," effective January 1, 2020 but applied to reporting periods on or after October 1, 2020.
 The following table presents activity in the ACL on loans and select loan information by portfolio segment, under the incurred loss methodology, for the period indicated:
(In thousands)
Commercial
Real Estate(1)
CommercialResidential
Real Estate		Home
Equity		ConsumerTotal
At or For The Three Months Ended March 31, 2020
Allowance for the three months ended:      
Beginning balance$12,414 $3,985 $5,842 $2,423 $507 $25,171 
Loans charged off(50)(253)(96)(34)(57)(490)
Recoveries4 53 2 4 5 68 
Provision1,006 512 149 87 18 1,772 
Ending balance$13,374 $4,297 $5,897 $2,480 $473 $26,521 
Allowance balance attributable to loans:      
Individually evaluated for impairment$34 $— $324 $89 $— $447 
Collectively evaluated for impairment13,340 4,297 5,573 2,391 473 26,074 
Total ending allowance$13,374 $4,297 $5,897 $2,480 $473 $26,521 
Loans:
      
Individually evaluated for impairment$400 $299 $3,286 $370 $— $4,355 
Collectively evaluated for impairment1,299,460 462,788 1,060,926 305,856 24,377 3,153,407 
Total ending loans balance
$1,299,860 $463,087 $1,064,212 $306,226 $24,377 $3,157,762 
(1)    Includes both commercial real estate - non owner-occupied and owner-occupied loan segments.
Credit Risk Exposure Indicators by Portfolio Segment Based on the most recent analysis performed, the risk category of loans by portfolio segment by vintage, reported under the CECL methodology, was as follows as of the dates indicated:
(In thousands)20212020201920182017PriorRevolving Loans
Amortized Cost Basis		Revolving Loans
Converted to Term		Total
As of March 31, 2021
Commercial real estate - non owner-occupied      
Risk rating
Pass (Grades 1-6)$30,274 $145,318 $220,520 $140,581 $116,094 $408,514 $— $— $1,061,301 
Special mention (Grade 7)— 5,878 1,454 — 4,258 8,734 — — 20,324 
Substandard (Grade 8)— 23 124 4,406 401 30,038 — — 34,992 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - non owner-occupied30,274 151,219 222,098 144,987 120,753 447,286 — — 1,116,617 
Commercial real estate - owner-occupied      
Risk rating
Pass (Grades 1-6)7,062 34,293 32,904 47,928 44,604 97,690 — — 264,481 
Special mention (Grade 7)— — — 3,488 1,386 1,497 — — 6,371 
Substandard (Grade 8)— — — 885 452 1,521 — — 2,858 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - owner occupied7,062 34,293 32,904 52,301 46,442 100,708 — — 273,710 
Commercial
      
Risk rating
Pass (Grades 1-6)11,196 46,824 70,501 36,679 24,848 63,924 74,255 28,928 357,155 
Special mention (Grade 7)— — 21 21 4,617 493 — — 5,152 
Substandard (Grade 8)— 184 971 203 51 1,797 275 371 3,852 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial11,196 47,008 71,493 36,903 29,516 66,214 74,530 29,299 366,159 
SBA PPP
Risk rating
Pass (Grades 1-6)81,032 88,375 — — — — — — 169,407 
Special mention (Grade 7)— — — — — — — — — 
Substandard (Grade 8)— — — — — — — — — 
Doubtful (Grade 9)— — — — — — — — — 
Total SBA PPP81,032 88,375 — — — — — — 169,407 
Residential Real Estate      
Risk rating
Pass (Grades 1-6)102,106 331,223 158,297 101,369 65,714 286,323 921 — 1,045,953 
Special mention (Grade 7)— — — — 239 — — 239 
Substandard (Grade 8)— — 643 174 — 4,756 — — 5,573 
Doubtful (Grade 9)— — — — — — — — — 
Total residential real estate102,106 331,223 158,940 101,543 65,714 291,318 921 — 1,051,765 
Home equity
      
Risk rating
Performing77 782 8,443 15,723 3,256 16,192 182,664 11,481 238,618 
Non-performing— — 48 — — 167 1,153 500 1,868 
Total home equity
77 782 8,491 15,723 3,256 16,359 183,817 11,981 240,486 
Consumer
      
Risk rating
Performing1,612 5,716 5,454 2,281 1,078 2,128 604 — 18,873 
Non-performing— 9 17 — — 3 — — 29 
Total consumer
1,612 5,725 5,471 2,281 1,078 2,131 604 — 18,902 
Total Loans$233,359 $658,625 $499,397 $353,738 $266,759 $924,016 $259,872 $41,280 $3,237,046 
(In thousands)20202019201820172016PriorRevolving Loans
Amortized Cost Basis		Revolving Loans
Converted to Term		Total
As of December 31, 2020
Commercial real estate - non owner-occupied
Risk rating
Pass (Grades 1-6)$138,010 $224,148 $144,552 $119,409 $157,588 $264,253 $— $— $1,047,960 
Special mention (Grade 7)5,739 — — 4,256 3,497 847 — — 14,339 
Substandard (Grade 8)24 125 2,070 405 1,522 31,530 — — 35,676 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - non owner-occupied143,773 224,273 146,622 124,070 162,607 296,630 — — 1,097,975 
Commercial real estate - owner-occupied
Risk rating
Pass (Grades 1-6)35,948 29,217 48,312 47,065 25,507 76,098 — — 262,147 
Special mention (Grade 7)— — 4,584 — — 1,513 — — 6,097 
Substandard (Grade 8)— — 891 462 — 1,898 — — 3,251 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - owner occupied35,948 29,217 53,787 47,527 25,507 79,509 — — 271,495 
Commercial
Risk rating
Pass (Grades 1-6)53,966 72,863 40,688 25,478 15,788 51,869 72,425 37,026 370,103 
Special mention (Grade 7)— 22 313 4,924 117 400 — 867 6,643 
Substandard (Grade 8)187 1,012 211 51 42 2,081 65 1,099 4,748 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial54,153 73,897 41,212 30,453 15,947 54,350 72,490 38,992 381,494 
SBA PPP
Risk rating
Pass (Grades 1-6)135,095 — — — — — — — 135,095 
Special mention (Grade 7)— — — — — — — — — 
Substandard (Grade 8)— — — — — — — — — 
Doubtful (Grade 9)— — — — — — — — — 
Total SBA PPP135,095 — — — — — — — 135,095 
Residential Real Estate
Risk rating
Pass (Grades 1-6)339,834 183,877 119,426 79,159 57,269 266,324 3,028 — 1,048,917 
Special mention (Grade 7)— — — — — 398 — — 398 
Substandard (Grade 8)— — 176 487 — 4,820 — — 5,483 
Doubtful (Grade 9)— — — — — — — — — 
Total residential real estate339,834 183,877 119,602 79,646 57,269 271,542 3,028 — 1,054,798 
Home equity
Risk rating
Performing855 9,415 17,281 3,478 1,339 17,664 194,065 12,480 256,577 
Non-performing— — — — — 207 1,241 548 1,996 
Total home equity
855 9,415 17,281 3,478 1,339 17,871 195,306 13,028 258,573 
Consumer
Risk rating
Performing6,572 6,525 3,096 1,359 378 1,780 678 — 20,388 
Non-performing— — — — 4 — — — 4 
Total consumer
6,572 6,525 3,096 1,359 382 1,780 678 — 20,392 
Total Loans$716,230 $527,204 $381,600 $286,533 $263,051 $721,682 $271,502 $52,020 $3,219,822 
  
Loan Aging Analysis by Portfolio Segment
The following is a loan aging analysis by portfolio segment (including loans past due over 90 days and non-accrual loans) and loans past due over 90 days and accruing as of the following dates:
(In thousands)30-59 Days
Past Due		60-89 Days
Past Due		90 Days or Greater
Past Due		Total
Past Due		CurrentTotal Loans
Outstanding		Loans > 90
Days Past
Due and
Accruing
March 31, 2021       
Commercial real estate - non owner-occupied$102 $— $106 $208 $1,116,409 $1,116,617 $— 
Commercial real estate - owner-occupied— 75 47 122 273,588 273,710 
Commercial425 — 1,022 1,447 364,712 366,159 — 
SBA PPP— — — — 169,407 169,407 — 
Residential real estate423 514 2,542 3,479 1,048,286 1,051,765 — 
Home equity35 192 1,312 1,539 238,947 240,486 — 
Consumer21 22 29 72 18,830 18,902 — 
Total$1,006 $803 $5,058 $6,867 $3,230,179 $3,237,046 $— 
December 31, 2020       
Commercial real estate - non owner-occupied$— $50 $173 $223 $1,097,752 $1,097,975 $— 
Commercial real estate - owner-occupied99 — 47 146 271,349 271,495 — 
Commercial430 — 857 1,287 380,207 381,494 — 
SBA PPP— — — — 135,095 135,095 — 
Residential real estate1,406 1,103 2,535 5,044 1,049,754 1,054,798 — 
Home equity335 173 1,416 1,924 256,649 258,573 — 
Consumer92 67 4 163 20,229 20,392 — 
Total$2,362 $1,393 $5,032 $8,787 $3,211,035 $3,219,822 $— 
  
Financing Receivable, Nonaccrual
The following table presents the amortized cost basis of loans on non-accrual status (including non-accruing TDRs) by portfolio segment as of the dates indicated:
March 31,
2021		December 31,
2020
(In thousands)Non-Accrual Loans With an AllowanceNon-Accrual Loans Without an AllowanceTotal Non-Accrual LoansNon-Accrual Loans With an AllowanceNon-Accrual Loans Without an AllowanceTotal Non-Accrual Loans
Commercial real estate - non owner-occupied$155 $15 $170 $351 $15 $366 
Commercial real estate - owner-occupied92 47 139 99 47 146 
Commercial1,681 56 1,737 1,549 58 1,607 
Residential real estate3,192 445 3,637 3,136 341 3,477 
Home equity1,575 293 1,868 1,961 35 1,996 
Consumer29 — 29 4 — 4 
Total$6,724 $856 $7,580 $7,100 $496 $7,596 

The following table presents the amortized cost basis of collateral-dependent non-accrual loans (including non-accruing TDRs) by portfolio segment and collateral type, as of the dates indicated:
March 31,
2021		December 31,
2020
Collateral TypeTotal Collateral -Dependent
Non-Accrual Loans		Collateral TypeTotal Collateral -Dependent
Non-Accrual Loans
(In thousands)Real EstateGeneral Business AssetsReal Estate General Business Assets
Commercial$— $657 $657 $— $689 $689 
Residential real estate336 — 336 248 — 248 
Total$336 $657 $993 $248 $689 $937 
  
Troubled Debt Restructuring and Specific Reserve Related to TDRs The following is a summary of TDRs, by portfolio segment, and the associated specific reserve included within the ACL for the dates indicated:
Number of ContractsRecorded InvestmentSpecific Reserve
(In thousands, except number of contracts)
March 31,
2021		December 31,
2020		March 31,
2021		December 31,
2020		March 31,
2021		December 31,
2020
Commercial real estate - owner-occupied2 2 $330 $328 $43 $37 
Commercial
2 2 95 100 — — 
Residential real estate
20 21 2,520 2,638 307 364 
Consumer and home equity
1 — 157 — 56 — 
Total25 25 $3,102 $3,066 $406 $401 
  
Troubled Debt Restructuring
The following represents loan modifications that qualify as TDRs that occurred during the periods indicated:
Number of ContractsPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment		Specific Reserve
(In thousands, except number of contracts)For The Three Months Ended March 31,For The Three Months Ended March 31,For The Three Months Ended March 31,For The Three Months Ended March 31,
20212020202120202021202020212020
Home equity:
Interest rate concession and payment deferral1 — $159 $— $170 $— $56 $— 
Total1 — $159 $— $170 $— $56 $— 
  
Summary of Impaired Loan Balances and Associated Allowance by Portfolio Segment   The following is a summary of impaired loan balances and the associated allowance by portfolio segment as of and for the periods indicated:
For The
Three Months Ended
(In thousands)Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized
March 31, 2020:
With an allowance recorded:     
Commercial real estate$128 $128 $34 $128 $1 
Commercial— — — — — 
Residential real estate2,220 2,220 324 2,307 24 
Home equity318 318 89 318 — 
Consumer— — — — — 
Ending balance2,666 2,666 447 2,753 25 
Without an allowance recorded:
     
Commercial real estate272 431 — 273 3 
Commercial299 665 — 309 2 
Residential real estate1,066 1,247 — 1,028 3 
Home equity52 190 — 54 — 
Consumer— — — — — 
Ending balance1,689 2,533 — 1,664 8 
Total impaired loans$4,355 $5,199 $447 $4,417 $33