XML 36 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Loans and Related Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2023
Loans And Related Allowances For Loan Losses [Abstract]  
Loan Portfolio Segments

(in thousands)

    

Commercial
Real Estate

    

Acquisition
and
Development

    

Commercial
and
Industrial

    

Residential
Mortgage

    

Consumer

    

Total

March 31, 2023

Individually evaluated for impairment

$

$

$

$

2,299

$

$

2,299

Collectively evaluated for impairment

453,356

76,980

241,959

453,899

60,587

1,286,781

Total loans

$

453,356

$

76,980

$

241,959

$

456,198

$

60,587

$

1,289,080

December 31, 2022

Individually evaluated for impairment

$

2,262

$

356

$

$

3,880

$

$

6,498

Collectively evaluated for impairment

456,569

70,240

245,396

440,531

60,260

1,272,996

Total loans

$

458,831

$

70,596

$

245,396

$

444,411

$

60,260

$

1,279,494

Loan Portfolio Summarized by the Past Due Status

(in thousands)

    

Current

    

30-59 Days
Past Due

    

60-89 Days
Past Due

    

90 Days+
Past Due

    

Total Past
Due and
Accruing

    

Non-
Accrual

    

Total Loans

March 31, 2023

Commercial real estate:

Non owner-occupied

$

267,244

$

$

$

$

$

85

$

267,329

All other CRE

186,027

186,027

Acquisition and development:

1-4 family residential construction

19,938

19,938

All other A&D

56,907

135

57,042

Commercial and industrial

241,940

19

19

241,959

Residential mortgage:

Residential mortgage - term

392,659

1,031

157

26

1,214

2,678

396,551

Residential mortgage - home equity

58,934

345

10

20

375

338

59,647

Consumer

60,021

463

40

41

544

22

60,587

Total

$

1,283,670

$

1,858

$

207

$

87

$

2,152

$

3,258

$

1,289,080

December 31, 2022

Commercial real estate:

Non owner-occupied

$

269,971

$

$

$

$

$

87

$

270,058

All other CRE

188,715

58

188,773

Acquisition and development:

1-4 family residential construction

19,637

19,637

All other A&D

50,813

146

50,959

Commercial and industrial

245,342

54

54

245,396

Residential mortgage:

Residential mortgage - term

380,502

31

722

239

992

2,893

384,387

Residential mortgage - home equity

59,223

399

48

43

490

311

60,024

Consumer

59,789

363

83

25

471

60,260

Total

$

1,273,992

$

847

$

853

$

307

$

2,007

$

3,495

$

1,279,494

Primary Segments of the Allowance for Loan Loss

(in thousands)

    

Commercial
Real Estate

    

Acquisition
and
Development

    

Commercial
and
Industrial

    

Residential
Mortgage

    

Consumer

    

Unallocated

    

Total

March 31, 2023

Individually evaluated
for impairment

$

$

$

$

$

$

$

Collectively evaluated
for impairment

$

4,862

$

1,103

$

3,755

$

6,324

$

827

$

$

16,871

Total ACL

$

4,862

$

1,103

$

3,755

$

6,324

$

827

$

$

16,871

December 31, 2022

Individually evaluated
for impairment

$

$

$

$

26

$

$

$

26

Collectively evaluated
for impairment

$

6,345

$

979

$

2,845

$

3,134

$

877

$

430

$

14,610

Total ALL

$

6,345

$

979

$

2,845

$

3,160

$

877

$

430

$

14,636

Schedule of amortized cost basis of collateral-dependent individually evaluated loans

March 31, 2023

(dollars in thousands)

    

Real Estate

    

Non-Accrual Loans with No Allowance

Commercial real estate

$

$

Acquisition and development

Commercial and industrial

Residential mortgage

2,299

2,299

Consumer

Total Loans

$

2,299

$

2,299

Impaired Loans and Related Interest Income by Loan Portfolio Class

Impaired Loans with
Specific Allowance

Impaired
Loans with
No Specific
Allowance

Total Impaired Loans

(in thousands)

    

Recorded
Investment

    

Related
Allowances

    

Recorded
Investment

    

Recorded
Investment (1)

    

Unpaid
Principal
Balance

December 31, 2022

Commercial real estate

Non owner-occupied

$

$

$

187

$

187

$

All other CRE

2,075

2,075

Acquisition and development

1-4 family residential construction

210

210

All other A&D

146

146

109

Commercial and industrial

Residential mortgage

Residential mortgage – term

345

26

3,225

3,570

41

Residential mortgage – home equity

310

310

Consumer

Total impaired loans

$

345

$

26

$

6,153

$

6,498

$

150

(1)Recorded investment consists of unpaid principal balance, net of charge-offs, interest payments received applied to principal and unamortized deferred loan origination fees and cost.
Allowance for Loan Losses Summarized by Loan Portfolio Segments

The following tables present the activity in the ACL and ALL for the three month period ended March 31, 2023 and 2022:

Three months ended (in thousands)

    

Commercial
Real Estate

    

Acquisition
and
Development

    

Commercial
and
Industrial

    

Residential
Mortgage

    

Consumer

    

Unallocated

    

Total

Beginning balance at January 1, 2023 prior to adoption of ASC 326

$

6,345

$

979

$

2,845

$

3,160

$

877

$

430

$

14,636

Impact of adopting ASC 326

(1,143)

(15)

1,334

2,112

208

(430)

2,066

Credit Loss Expense

(345)

134

(428)

1,040

13

414

Loan Charge-offs

(6)

(333)

(339)

Recoveries collected

5

5

4

18

62

94

ACL balance at March 31, 2023

$

4,862

$

1,103

$

3,755

$

6,324

$

827

$

$

16,871

ALL balance at January 1, 2022

$

6,032

$

2,615

$

2,460

$

3,484

$

934

$

430

$

15,955

Provision

(111)

(91)

98

(545)

230

(419)

Loan Charge-offs

(48)

(9)

(246)

(303)

Recoveries collected

1

18

3

15

22

59

ALL balance at March 31, 2022

$

5,922

$

2,542

$

2,513

$

2,945

$

940

$

430

$

15,292

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

(in thousands)

    

2023

    

2022

    

2021

    

2020

    

2019

    

2018 and Prior

    

Revolving

    

Total Portfolio Loans

March 31, 2023

Commercial real estate:

Non owner-occupied

Pass

$

694

$

66,354

$

31,448

$

48,257

$

40,497

$

60,520

$

1,558

$

249,328

Special Mention

6,236

6,236

Substandard

11,765

11,765

Total non-owner occupied

694

66,354

31,448

48,257

40,497

78,521

1,558

267,329

Current period gross charge-offs

All other CRE

Pass

2,220

25,934

26,430

22,074

26,326

73,298

4,133

180,415

Special Mention

1,101

1,101

Substandard

2,380

1,532

599

4,511

Total all other CRE

2,220

25,934

27,531

22,074

28,706

74,830

4,732

186,027

Current period gross charge-offs

Acquisition and development:

1-4 family residential construction

Pass

880

16,576

1,148

202

1,132

19,938

Special Mention

Substandard

Total acquisition and development

880

16,576

1,148

202

1,132

19,938

Current period gross charge-offs

All other A&D

Pass

3,932

22,754

4,482

9,288

1,387

12,946

2,118

56,907

Special Mention

Substandard

135

135

Total all other A&D

3,932

22,754

4,482

9,288

1,387

13,081

2,118

57,042

Current period gross charge-offs

Commercial and industrial:

Pass

12,709

75,378

28,492

14,767

11,648

13,811

60,526

217,331

Special Mention

2,339

337

2,374

5,050

Substandard

8,923

77

7,122

154

911

2,391

19,578

Total commercial and industrial

12,709

84,301

30,908

21,889

11,802

15,059

65,291

241,959

Current period gross charge-offs

Residential mortgage:

Residential mortgage - term

Pass

11,844

69,800

91,693

42,233

26,887

145,350

2,105

389,912

Special Mention

Substandard

932

15

234

5,415

43

6,639

Total residental mortgage - term

11,844

69,800

92,625

42,248

27,121

150,765

2,148

396,551

Current period gross charge-offs

6

6

Residential mortgage - home equity

Pass

658

5,410

931

523

316

553

50,617

59,008

Special Mention

Substandard

43

58

538

639

Total residental mortgage - home equity

658

5,410

931

566

316

611

51,155

59,647

Current period gross charge-offs

Consumer:

Pass

5,519

14,850

9,006

3,355

1,215

23,813

2,617

60,375

Special Mention

Substandard

17

151

25

8

6

5

212

Total consumer

5,519

14,867

9,157

3,380

1,223

23,819

2,622

60,587

Current period gross charge-offs

46

105

177

1

4

333

Total Portfolio Loans

Pass

38,456

297,056

193,630

140,497

108,276

330,493

124,806

1,233,214

Special Mention

3,440

6,573

2,374

12,387

Substandard

8,940

1,160

7,205

2,776

19,822

3,576

43,479

Total Portfolio Loans

$

38,456

$

305,996

$

198,230

$

147,702

$

111,052

$

356,888

$

130,756

$

1,289,080

Current YTD Period:

Current period gross charge-offs

46

105

177

1

10

339

(in thousands)

    

2022

    

2021

    

2020

    

2019

    

2018

    

2017 and Prior

    

Revolving

    

Total Portfolio Loans

December 31, 2022

Commercial real estate:

Non owner-occupied

Pass

$

67,429

$

31,710

$

48,421

$

41,221

$

19,414

$

42,069

$

1,570

$

251,834

Special Mention

6,289

6,289

Substandard

11,935

11,935

Total non-owner occupied

67,429

31,710

48,421

41,221

19,414

60,293

1,570

270,058

Current period gross charge-offs

All other CRE

Pass

24,655

26,947

22,906

27,213

8,873

67,691

4,790

183,075

Special Mention

1,111

1,111

Substandard

3,006

357

1,224

4,587

Total all other CRE

24,655

28,058

22,906

30,219

8,873

68,048

6,014

188,773

Current period gross charge-offs

Acquisition and development:

1-4 family residential construction

Pass

15,629

1,453

151

210

2,194

19,637

Special Mention

Substandard

Total acquisition and development

15,629

1,453

151

210

2,194

19,637

Current period gross charge-offs

20

20

All other A&D

Pass

18,733

4,979

9,755

1,408

558

12,961

2,419

50,813

Special Mention

Substandard

146

146

Total all other A&D

18,733

4,979

9,755

1,408

558

13,107

2,419

50,959

Current period gross charge-offs

Commercial and industrial:

Pass

83,608

30,451

15,982

12,707

5,013

9,528

63,668

220,957

Special Mention

2,555

338

2,134

5,027

Substandard

8,923

7,167

173

634

311

2,204

19,412

Total commercial and industrial

92,531

33,006

23,149

12,880

5,647

10,177

68,006

245,396

Current period gross charge-offs

97

34

3

134

Residential mortgage:

Residential mortgage - term

Pass

64,930

93,665

42,784

27,120

14,132

133,397

2,306

378,334

Special Mention

Substandard

16

237

143

5,634

23

6,053

Total residental mortgage - term

64,930

93,665

42,800

27,357

14,275

139,031

2,329

384,387

Current period gross charge-offs

28

28

Residential mortgage - home equity

Pass

5,739

957

538

328

97

478

51,232

59,369

Special Mention

Substandard

44

21

40

550

655

Total residental mortgage - home equity

5,739

957

582

328

118

518

51,782

60,024

Current period gross charge-offs

12

6

18

Consumer:

Pass

16,748

10,495

3,845

1,596

687

24,096

2,654

60,121

Special Mention

Substandard

92

27

9

7

4

139

Total consumer

16,748

10,587

3,872

1,605

694

24,096

2,658

60,260

Current period gross charge-offs

36

494

18

37

11

40

636

Total Portfolio Loans

Pass

297,471

200,657

144,382

111,593

48,774

290,430

130,833

1,224,140

Special Mention

3,666

6,627

2,134

12,427

Substandard

8,923

92

7,254

3,425

805

18,423

4,005

42,927

Total Portfolio Loans

$

306,394

$

204,415

$

151,636

$

115,018

$

49,579

$

315,480

$

136,972

$

1,279,494

Current YTD Period:

Current period gross charge-offs

$

36

$

591

$

52

$

40

$

23

$

94

$

$

836

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past.

The following tables present loan balances by year of origination segregated by performing and non-performing loans for the periods presented:

(in thousands)

    

2023

    

2022

    

2021

    

2020

    

2019

    

2018 and Prior

    

Revolving

    

Total Portfolio Loans

March 31, 2023

Commercial real estate:

Non owner-occupied

Performing

$

694

$

66,354

$

31,448

$

48,257

$

40,497

$

78,436

$

1,558

267,244

Nonperforming

85

85

Total non-owner occupied

694

66,354

31,448

48,257

40,497

78,521

1,558

267,329

All other CRE

Performing

2,220

25,934

27,531

22,074

28,706

74,830

4,732

186,027

Nonperforming

Total all other CRE

2,220

25,934

27,531

22,074

28,706

74,830

4,732

186,027

Acquisition and development:

1-4 family residential construction

Performing

880

16,576

1,148

202

1,132

19,938

Nonperforming

Total acquisition and development

880

16,576

1,148

202

1,132

19,938

All other A&D

Performing

3,932

22,754

4,482

9,288

1,387

12,946

2,118

56,907

Nonperforming

135

135

Total all other A&D

3,932

22,754

4,482

9,288

1,387

13,081

2,118

57,042

Commercial and industrial:

Performing

12,709

84,301

30,908

21,889

11,802

15,059

65,291

241,959

Nonperforming

Total commercial and industrial

12,709

84,301

30,908

21,889

11,802

15,059

65,291

241,959

Residential mortgage:

Residential mortgage - term

Performing

11,844

69,800

92,625

42,248

26,887

148,332

2,111

393,847

Nonperforming

234

2,433

37

2,704

Total residental mortgage - term

11,844

69,800

92,625

42,248

27,121

150,765

2,148

396,551

Residential mortgage - home equity

Performing

658

5,410

931

523

316

552

50,899

59,289

Nonperforming

43

59

256

358

Total residental mortgage - home equity

658

5,410

931

566

316

611

51,155

59,647

Consumer:

Performing

5,519

14,867

9,157

3,380

1,223

23,757

2,621

60,524

Nonperforming

62

1

63

Total consumer

5,519

14,867

9,157

3,380

1,223

23,819

2,622

60,587

Total Portfolio Loans

Performing

38,456

305,996

198,230

147,659

110,818

354,114

130,462

1,285,735

Nonperforming

43

234

2,774

294

3,345

Total Portfolio Loans

$

38,456

$

305,996

$

198,230

$

147,702

$

111,052

$

356,888

$

130,756

$

1,289,080

(in thousands)

    

2022

    

2021

    

2020

    

2019

    

2018

    

2017 and Prior

    

Revolving

    

Total Portfolio Loans

December 31, 2022

Commercial real estate:

Non owner-occupied

Performing

$

67,429

$

31,710

$

48,421

$

41,221

$

19,414

$

60,206

$

1,570

269,971

Nonperforming

87

87

Total non-owner occupied

67,429

31,710

48,421

41,221

19,414

60,293

1,570

270,058

All other CRE

Performing

24,655

28,058

22,906

30,219

8,873

67,990

6,014

188,715

Nonperforming

58

58

Total all other CRE

24,655

28,058

22,906

30,219

8,873

68,048

6,014

188,773

Acquisition and development:

1-4 family residential construction

Performing

15,629

1,453

151

210

2,194

19,637

Nonperforming

Total acquisition and development

15,629

1,453

151

210

2,194

19,637

All other A&D

Performing

18,733

4,979

9,755

1,408

558

12,962

2,419

50,814

Nonperforming

145

145

Total all other A&D

18,733

4,979

9,755

1,408

558

13,107

2,419

50,959

Commercial and industrial:

Performing

92,531

33,006

23,149

12,880

5,647

10,177

68,006

245,396

Nonperforming

Total commercial and industrial

92,531

33,006

23,149

12,880

5,647

10,177

68,006

245,396

Residential mortgage:

Residential mortgage - term

Performing

64,930

93,665

42,800

27,120

14,198

136,228

2,313

381,254

Nonperforming

237

77

2,803

16

3,133

Total residental mortgage - term

64,930

93,665

42,800

27,357

14,275

139,031

2,329

384,387

Residential mortgage - home equity

Performing

5,739

957

538

328

115

478

51,515

59,670

Nonperforming

44

3

40

267

354

Total residental mortgage - home equity

5,739

957

582

328

118

518

51,782

60,024

Consumer:

Performing

16,748

10,581

3,872

1,605

694

24,077

2,658

60,235

Nonperforming

6

19

25

Total consumer

16,748

10,587

3,872

1,605

694

24,096

2,658

60,260

Total Portfolio Loans

Performing

306,394

204,409

151,592

114,781

49,499

312,328

136,689

1,275,692

Nonperforming

6

44

237

80

3,152

283

3,802

Total Portfolio Loans

$

306,394

$

204,415

$

151,636

$

115,018

$

49,579

$

315,480

$

136,972

$

1,279,494