Loans (Tables)

3 Months Ended

Mar. 31, 2018

Loans and Leases Receivable Disclosure [Abstract]

Composition of Loan Portfolio

The following table shows the composition of the Company's loan portfolio as of March 31, 2018 and 2017 and at December 31, 2017:

	March 31, 2018				December 31, 2017				March 31, 2017
Commercial
Real estate	$	339,306,000	28.6	%	$	323,809,000	27.8	%	$	304,663,000	28.0	%
Construction	43,813,000		3.7	%	38,056,000		3.3	%	28,775,000		2.6	%
Other	177,783,000		15.0	%	181,528,000		15.6	%	158,507,000		14.4	%
Municipal	35,463,000		3.0	%	33,391,000		2.9	%	28,327,000		2.6	%
Residential
Term	439,984,000		37.0	%	432,661,000		37.1	%	421,202,000		38.7	%
Construction	15,847,000		1.3	%	17,868,000		1.5	%	13,717,000		1.3	%
Home equity line of credit	110,298,000		9.3	%	111,302,000		9.6	%	110,016,000		10.1	%
Consumer	25,508,000		2.1	%	25,524,000		2.2	%	24,528,000		2.3	%
Total	$	1,188,002,000	100.0	%	$	1,164,139,000	100.0	%	$	1,089,735,000	100.0	%

Past Due Loans Aging

Information on the past-due status of loans by class of financing receivable as of March 31, 2018, is presented in the following table:

	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate	$	963,000	$	17,000	$	202,000	$	1,182,000	$	338,124,000	$	339,306,000	$	—
Construction	347,000		—		—		347,000		43,466,000		43,813,000		—
Other	6,887,000		52,000		294,000		7,233,000		170,550,000		177,783,000		—
Municipal	—		—		—		—		35,463,000		35,463,000		—
Residential
Term	3,175,000		345,000		1,880,000		5,400,000		434,584,000		439,984,000		—
Construction	—		—		—		—		15,847,000		15,847,000		—
Home equity line of credit	449,000		438,000		664,000		1,551,000		108,747,000		110,298,000		126,000
Consumer	119,000		8,000		27,000		154,000		25,354,000		25,508,000		11,000
Total	$	11,940,000	$	860,000	$	3,067,000	$	15,867,000	$	1,172,135,000	$	1,188,002,000	$	137,000

Information on the past-due status of loans by class of financing receivable as of December 31, 2017, is presented in the following table:

	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate	$	574,000	$	80,000	$	220,000	$	874,000	$	322,935,000	$	323,809,000	$	—
Construction	—		—		—		—		38,056,000		38,056,000		—
Other	542,000		6,663,000		574,000		7,779,000		173,749,000		181,528,000		—
Municipal	—		—		—		—		33,391,000		33,391,000		—
Residential
Term	1,031,000		4,372,000		2,256,000		7,659,000		425,002,000		432,661,000		436,000
Construction	101,000		370,000		—		471,000		17,397,000		17,868,000		—
Home equity line of credit	537,000		445,000		725,000		1,707,000		109,595,000		111,302,000		—
Consumer	159,000		18,000		9,000		186,000		25,338,000		25,524,000		9,000
Total	$	2,944,000	$	11,948,000	$	3,784,000	$	18,676,000	$	1,145,463,000	$	1,164,139,000	$	445,000

Information on the past-due status of loans by class of financing receivable as of March 31, 2017, is presented in the following table:

	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate	$	142,000	$	772,000	$	1,823,000	$	2,737,000	$	301,926,000	$	304,663,000	$	—
Construction	20,000		—		—		20,000		28,755,000		28,775,000		—
Other	199,000		154,000		439,000		792,000		157,715,000		158,507,000		—
Municipal	—		—		—		—		28,327,000		28,327,000		—
Residential
Term	3,555,000		—		1,603,000		5,158,000		416,044,000		421,202,000		—
Construction	—		—		—		—		13,717,000		13,717,000		—
Home equity line of credit	392,000		167,000		773,000		1,332,000		108,684,000		110,016,000		—
Consumer	328,000		34,000		11,000		373,000		24,155,000		24,528,000		11,000
Total	$	4,636,000	$	1,127,000	$	4,649,000	$	10,412,000	$	1,079,323,000	$	1,089,735,000	$	11,000

Nonaccrual Loans

Information on nonaccrual loans as of March 31, 2018 and 2017 and at December 31, 2017 is presented in the following table:

	March 31, 2018		December 31, 2017		March 31, 2017
Commercial
Real estate	$	1,021,000	$	752,000	$	2,625,000
Construction	—		—		—
Other	8,895,000		9,357,000		938,000
Municipal	—		—		—
Residential
Term	3,654,000		3,778,000		4,028,000
Construction	—		—		—
Home equity line of credit	697,000		833,000		909,000
Consumer	16,000		16,000		—
Total	$	14,283,000	$	14,736,000	$	8,500,000

Impaired Loans by Class of Financing Receivable

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2018 is presented in the following table:

							For the three months ended March 31, 2018
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	5,054,000	$	5,269,000	$	—	$	4,163,000	$	54,000
Construction	741,000		741,000		—		741,000		10,000
Other	2,281,000		2,360,000		—		2,302,000		6,000
Municipal	—		—		—		—		—
Residential
Term	9,594,000		10,733,000		—		9,700,000		71,000
Construction	—		—		—		—		—
Home equity line of credit	917,000		1,008,000		—		1,090,000		5,000
Consumer	16,000		29,000		—		16,000		—
	$	18,603,000	$	20,140,000	$	—	$	18,012,000	$	146,000
With an Allowance Recorded
Commercial
Real estate	$	3,897,000	$	4,002,000	$	254,000	$	3,889,000	$	39,000
Construction	—		—		—		—		—
Other	7,159,000		7,324,000		1,664,000		7,182,000		—
Municipal	—		—		—		—		—
Residential
Term	1,934,000		2,146,000		272,000		1,968,000		24,000
Construction	—		—		—		—		—
Home equity line of credit	122,000		125,000		16,000		70,000		—
Consumer	—		—		—		—		—
	$	13,112,000	$	13,597,000	$	2,206,000	$	13,109,000	$	63,000
Total
Commercial
Real estate	$	8,951,000	$	9,271,000	$	254,000	$	8,052,000	$	93,000
Construction	741,000		741,000		—		741,000		10,000
Other	9,440,000		9,684,000		1,664,000		9,484,000		6,000
Municipal	—		—		—		—		—
Residential
Term	11,528,000		12,879,000		272,000		11,668,000		95,000
Construction	—		—		—		—		—
Home equity line of credit	1,039,000		1,133,000		16,000		1,160,000		5,000
Consumer	16,000		29,000		—		16,000		—
	$	31,715,000	$	33,737,000	$	2,206,000	$	31,121,000	$	209,000

Substantially all interest income recognized on impaired loans for all classes of financing receivables was recognized on a cash basis as received.

A breakdown of impaired loans by class of financing receivable as of and for the year ended December 31, 2017 is presented in the following table:

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	3,791,000	$	3,996,000	$	—	$	5,124,000	$	164,000
Construction	741,000		741,000		—		62,000		38,000
Other	2,591,000		2,671,000		—		1,908,000		36,000
Municipal	—		—		—		—		—
Residential
Term	9,769,000		10,909,000		—		10,770,000		297,000
Construction	—		—		—		—		—
Home equity line of credit	1,115,000		1,429,000		—		1,351,000		18,000
Consumer	16,000		29,000		—		12,000		—
	$	18,023,000	$	19,775,000	$	—	$	19,227,000	$	553,000
With an Allowance Recorded
Commercial
Real estate	$	3,999,000	$	4,116,000	$	224,000	$	4,460,000	$	152,000
Construction	—		—		—		699,000		—
Other	7,327,000		7,371,000		1,309,000		2,584,000		—
Municipal	—		—		—		—		—
Residential
Term	1,979,000		2,144,000		255,000		2,106,000		79,000
Construction	—		—		—		—		—
Home equity line of credit	64,000		67,000		24,000		32,000		—
Consumer	—		—		—		—		—
	$	13,369,000	$	13,698,000	$	1,812,000	$	9,881,000	$	231,000
Total
Commercial
Real estate	$	7,790,000	$	8,112,000	$	224,000	$	9,584,000	$	316,000
Construction	741,000		741,000		—		761,000		38,000
Other	9,918,000		10,042,000		1,309,000		4,492,000		36,000
Municipal	—		—		—		—		—
Residential
Term	11,748,000		13,053,000		255,000		12,876,000		376,000
Construction	—		—		—		—		—
Home equity line of credit	1,179,000		1,496,000		24,000		1,383,000		18,000
Consumer	16,000		29,000		—		12,000		—
	$	31,392,000	$	33,473,000	$	1,812,000	$	29,108,000	$	784,000

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2017 is presented in the following table:

							For the three months ended March 31, 2017
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	5,949,000	$	6,450,000	$	—	$	5,444,000	$	51,000
Construction	—		—		—		—		—
Other	1,476,000		1,636,000		—		1,595,000		22,000
Municipal	—		—		—		—		—
Residential
Term	11,388,000		12,470,000		—		11,402,000		129,000
Construction	—		—		—		—		—
Home equity line of credit	1,422,000		1,752,000		—		1,376,000		9,000
Consumer	—		—		—		—		—
	$	20,235,000	$	22,308,000	$	—	$	19,817,000	$	211,000
With an Allowance Recorded
Commercial
Real estate	$	4,722,000	$	4,908,000	$	351,000	$	4,741,000	$	46,000
Construction	763,000		763,000		101,000		763,000		9,000
Other	234,000		272,000		39,000		125,000		4,000
Municipal	—		—		—		—		—
Residential
Term	1,872,000		2,020,000		251,000		2,077,000		23,000
Construction	—		—		—		—		—
Home equity line of credit	26,000		27,000		26,000		26,000		—
Consumer	—		—		—		—		—
	$	7,617,000	$	7,990,000	$	768,000	$	7,732,000	$	82,000
Total
Commercial
Real estate	$	10,671,000	$	11,358,000	$	351,000	$	10,185,000	$	97,000
Construction	763,000		763,000		101,000		763,000		9,000
Other	1,710,000		1,908,000		39,000		1,720,000		26,000
Municipal	—		—		—		—		—
Residential
Term	13,260,000		14,490,000		251,000		13,479,000		152,000
Construction	—		—		—		—		—
Home equity line of credit	1,448,000		1,779,000		26,000		1,402,000		9,000
Consumer	—		—		—		—		—
	$	27,852,000	$	30,298,000	$	768,000	$	27,549,000	$	293,000

Troubled Debt Restructurings on Financing Receivables

The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2017:

	Number of Loans	Balance		Specific Reserves
Commercial
Real estate	1	$	658,000	$	—
Construction	—	—		—
Other	—	—		—
Municipal	—	—		—
Residential
Term	7	826,000		—
Construction	—	—		—
Home equity line of credit	1	167,000		—
Consumer	—	—		—
	9	$	1,651,000	$	—

For the three months ended March 31, 2018, seven loans were placed on TDR status. The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2018:

For the quarter ended March 31, 2018	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Specific Reserves
Commercial
Real estate	7	$	1,056,000	$	1,056,000	$	36,000
Construction	—	—		—		—
Other	—	—		—		—
Municipal	—	—		—		—
Residential
Term	—	—		—		—
Construction	—	—		—		—
Home equity line of credit	—	—		—		—
Consumer	—	—		—		—
	7	$	1,056,000	$	1,056,000	$	36,000

The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2018:

	Number of Loans	Balance		Specific Reserves
Commercial
Real estate	—	$	—	$	—
Construction	—	—		—
Other	—	—		—
Municipal	—	—		—
Residential
Term	6	643,000		45,000
Construction	—	—		—
Home equity line of credit	1	167,000		—
Consumer	—	—		—
	7	$	810,000	$	45,000

The following table shows TDRs by class and the specific reserve as of March 31, 2018:

	Number of Loans	Balance		Specific Reserves
Commercial
Real estate	15	$	8,030,000	$	132,000
Construction	1	741,000		—
Other	4	546,000		—
Municipal	—	—		—
Residential
Term	46	8,883,000		271,000
Construction	—	—		—
Home equity line of credit	3	509,000		—
Consumer	—	—		—
	69	$	18,709,000	$	403,000

The following table shows TDRs by class and the specific reserve as of December 31, 2017:

	Number of Loans	Balance		Specific Reserves
Commercial
Real estate	8	$	7,038,000	$	90,000
Construction	1	741,000		—
Other	4	561,000		—
Municipal	—	—		—
Residential
Term	46	8,948,000		233,000
Construction	—	—		—
Home equity line of credit	3	513,000		—
Consumer	—	—		—
	62	$	17,801,000	$	323,000

The following table shows TDRs by class and the specific reserve as of March 31, 2017:

	Number of Loans	Balance		Specific Reserves
Commercial
Real estate	10	$	8,703,000	$	82,000
Construction	1	763,000		101,000
Other	5	772,000		2,000
Municipal	—	—		—
Residential
Term	51	10,344,000		201,000
Construction	—	—		—
Home equity line of credit	3	539,000		—
Consumer	—	—		—
	70	$	21,121,000	$	386,000