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LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)
 3 Months Ended
Mar. 31, 2022
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,
2022		December 31,
2021
Commercial Loans:
Commercial real estate - non-owner-occupied$1,181,622 $1,178,185 
Commercial real estate - owner-occupied322,268 317,275 
Commercial403,352 363,695 
SBA PPP6,311 35,953 
Total commercial loans1,913,553 1,895,108 
Retail Loans:
Residential real estate1,392,199 1,306,447 
Home equity209,647 210,403 
Consumer18,819 19,516 
Total retail loans1,620,665 1,536,366 
Total loans$3,534,218 $3,431,474 
Schedule of Loan Balances by Portfolio Segment
The loan balances for each portfolio segment presented above are net of their respective unamortized fair value mark discount on acquired loans and net of unamortized loan origination costs for the dates indicated:
(In thousands)March 31,
2022		December 31,
2021
Net unamortized fair value mark discount on acquired loans$(513)$(593)
Net unamortized loan origination costs(1)
4,936 3,110 
Total$4,423 $2,517 
(1)    Net unamortized loan origination costs includes unrecognized origination fees for SBA PPP loans of $220,000 and $1.2 million as of March 31, 2022 and December 31, 2021, 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, 2022
Beginning balance, December 21, 2021$18,834 $2,539 $4,183 $19 $6,133 $1,469 $79 $33,256 
Loans charged off— — (245)— — — (67)(312)
Recoveries1 2 57 — — 2 62 
(Credit) provision for loan losses(2,263)(202)843 (15)343 (34)92 (1,236)
Ending balance, March 31, 2022$16,572 $2,339 $4,838 $4 $6,476 $1,435 $106 $31,770 
At or For The Year Ended December 31, 2021
Beginning balance, December 31, 2020$21,778 $2,832 $6,703 $69 $3,474 $2,616 $393 $37,865 
Loans charged off— — (799)— (92)(162)(111)(1,164)
Recoveries— 9 220 — 107 4 32 372 
(Credit) provision for loan losses(2,944)(302)(1,941)(50)2,644 (989)(235)(3,817)
Ending balance, December 31, 2021$18,834 $2,539 $4,183 $19 $6,133 $1,469 $79 $33,256 
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)20222021202020192018PriorRevolving Loans
Amortized Cost Basis		Revolving Loans
Converted to Term		Total
As of March 31, 2022
Commercial real estate - non-owner-occupied      
Risk rating
Pass (Grades 1-6)$74,125 $284,775 $168,474 $137,048 $114,745 $349,032 $— $— $1,128,199 
Special mention (Grade 7)— 170 7,427 279 116 7,173 — — 15,165 
Substandard (Grade 8)— 138 1,463 214 9,840 26,603 — — 38,258 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - non-owner-occupied74,125 285,083 177,364 137,541 124,701 382,808 — — 1,181,622 
Commercial real estate - owner-occupied      
Risk rating
Pass (Grades 1-6)24,431 84,414 30,518 46,348 41,889 86,341 — — 313,941 
Special mention (Grade 7)— — — — 3,363 2,040 — — 5,403 
Substandard (Grade 8)— — — 45 — 2,879 — — 2,924 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - owner occupied24,431 84,414 30,518 46,393 45,252 91,260 — — 322,268 
Commercial
      
Risk rating
Pass (Grades 1-6)32,660 83,095 41,233 41,933 22,172 37,822 104,222 34,552 397,689 
Special mention (Grade 7)— 123 111 493 106 558 1,111 138 2,640 
Substandard (Grade 8)— 20 313 262 425 1,432 332 239 3,023 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial32,660 83,238 41,657 42,688 22,703 39,812 105,665 34,929 403,352 
SBA PPP
Risk rating
Pass (Grades 1-6)— 6,295 16 — — — — — 6,311 
Special mention (Grade 7)— — — — — — — — — 
Substandard (Grade 8)— — — — — — — — — 
Doubtful (Grade 9)— — — — — — — — — 
Total SBA PPP— 6,295 16 — — — — — 6,311 
Residential Real Estate      
Risk rating
Pass (Grades 1-6)133,167 591,512 264,479 90,410 57,105 251,035 913 — 1,388,621 
Special mention (Grade 7)— — — — — 227 — — 227 
Substandard (Grade 8)— — — — 63 3,288 — — 3,351 
Doubtful (Grade 9)— — — — — — — — — 
Total residential real estate133,167 591,512 264,479 90,410 57,168 254,550 913 — 1,392,199 
Home equity
      
Risk rating
Performing2,802 722 427 5,630 9,469 11,548 165,756 12,148 208,502 
Non-performing— — — — 40 191 724 190 1,145 
Total home equity
2,802 722 427 5,630 9,509 11,739 166,480 12,338 209,647 
Consumer
      
Risk rating
Performing1,946 5,916 2,926 2,409 823 2,511 2,261 — 18,792 
Non-performing— — 9 16 — 2 — — 27 
Total consumer
1,946 5,916 2,935 2,425 823 2,513 2,261 — 18,819 
Total Loans$269,131 $1,057,180 $517,396 $325,087 $260,156 $782,682 $275,319 $47,267 $3,534,218 
(In thousands)20212020201920182017PriorRevolving Loans
Amortized Cost Basis		Revolving Loans
Converted to Term		Total
As of December 31, 2021
Commercial real estate - non-owner-occupied
Risk rating
Pass (Grades 1-6)$286,428 $179,565 $161,695 $118,196 $96,169 $274,731 $— $— $1,116,784 
Special mention (Grade 7)171 7,266 286 119 4,294 10,590 — — 22,726 
Substandard (Grade 8)350 1,518 217 9,942 391 26,257 — — 38,675 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - non-owner-occupied286,949 188,349 162,198 128,257 100,854 311,578 — — 1,178,185 
Commercial real estate - owner-occupied
Risk rating
Pass (Grades 1-6)91,328 39,082 31,409 43,786 46,466 56,682 — — 308,753 
Special mention (Grade 7)— — 3,396 362 1,708 — — 5,466 
Substandard (Grade 8)— — 54 — 1,785 1,217 — — 3,056 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - owner occupied91,328 39,082 31,463 47,182 48,613 59,607 — — 317,275 
Commercial
Risk rating
Pass (Grades 1-6)91,102 43,757 44,925 23,895 13,818 27,743 80,775 31,586 357,601 
Special mention (Grade 7)145 117 590 115 383 222 967 244 2,783 
Substandard (Grade 8)— 339 320 492 293 1,209 360 298 3,311 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial91,247 44,213 45,835 24,502 14,494 29,174 82,102 32,128 363,695 
SBA PPP
Risk rating
Pass (Grades 1-6)35,164 319 — — — — — — 35,483 
Special mention (Grade 7)470 — — — — — — — 470 
Substandard (Grade 8)— — — — — — — — — 
Doubtful (Grade 9)— — — — — — — — — 
Total SBA PPP35,634 319 — — — — — — 35,953 
Residential Real Estate
Risk rating
Pass (Grades 1-6)586,637 281,804 103,228 63,403 46,696 219,983 903 — 1,302,654 
Special mention (Grade 7)— — — — — 230 — — 230 
Substandard (Grade 8)— — — — — 3,563 — — 3,563 
Doubtful (Grade 9)— — — — — — — — — 
Total residential real estate586,637 281,804 103,228 63,403 46,696 223,776 903 — 1,306,447 
Home equity
Risk rating
Performing760 554 6,179 10,995 2,464 10,792 165,189 12,295 209,228 
Non-performing— — — 41 — 174 847 113 1,175 
Total home equity
760 554 6,179 11,036 2,464 10,966 166,036 12,408 210,403 
Consumer
Risk rating
Performing6,860 3,523 3,089 1,051 548 2,014 2,399 — 19,484 
Non-performing— 9 21 — — 2 — — 32 
Total consumer
6,860 3,532 3,110 1,051 548 2,016 2,399 — 19,516 
Total Loans$1,099,415 $557,853 $352,013 $275,431 $213,669 $637,117 $251,440 $44,536 $3,431,474 
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, 2022       
Commercial real estate - non-owner-occupied$91 $— $50 $141 $1,181,481 $1,181,622 $— 
Commercial real estate - owner-occupied— — 133 133 322,135 322,268 
Commercial98 71 822 991 402,361 403,352 — 
SBA PPP— 1 — 1 6,310 6,311 — 
Residential real estate565 302 1,242 2,109 1,390,090 1,392,199 — 
Home equity320 148 412 880 208,767 209,647 — 
Consumer42 8 27 77 18,742 18,819 — 
Total$1,116 $530 $2,686 $4,332 $3,529,886 $3,534,218 $— 
December 31, 2021       
Commercial real estate - non-owner-occupied$— $— $51 $51 $1,178,134 $1,178,185 $— 
Commercial real estate - owner-occupied47 — 133 180 317,095 317,275 — 
Commercial282 174 787 1,243 362,452 363,695 — 
SBA PPP— 68 — 68 35,885 35,953 — 
Residential real estate379 475 1,210 2,064 1,304,383 1,306,447 — 
Home equity456 50 445 951 209,452 210,403 — 
Consumer95 1 32 128 19,388 19,516 — 
Total$1,259 $768 $2,658 $4,685 $3,426,789 $3,431,474 $— 
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,
2022		December 31,
2021
(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$38 $12 $50 $38 $13 $51 
Commercial real estate - owner-occupied86 47 133 86 47 133 
Commercial948 97 1,045 785 44 829 
Residential real estate1,672 380 2,052 1,780 327 2,107 
Home equity1,036 109 1,145 1,064 111 1,175 
Consumer27 — 27 32 — 32 
Total$3,807 $645 $4,452 $3,785 $542 $4,327 
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,
2022		December 31,
2021
Collateral TypeTotal Collateral -Dependent
Non-Accrual Loans		Collateral TypeTotal Collateral -Dependent
Non-Accrual Loans
(In thousands)Real EstateGeneral Business AssetsReal Estate General Business Assets
Residential real estate$329 — $329 $268 — $268 
Home equity109 — 109 111 — 111 
Total$438 $— $438 $379 $— $379 
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,
2022		December 31,
2021		March 31,
2022		December 31,
2021		March 31,
2022		December 31,
2021
Commercial real estate - owner-occupied1 1 $118 $118 $45 $43 
Commercial
2 2 70 74 — — 
Residential real estate
19 19 2,303 2,341 332 $348 
Consumer and home equity
3 3 249 253 6 6 
Total25 25 $2,740 $2,786 $383 $397 
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)20222021202220212022202120222021
For the Three Months Ended March 31:
Home equity:
Interest rate concession and payment deferral— 1 $— $159 $— $170 $— $56 
Total— 1 $— $159 $— $170 $— $56