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Loans (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Composition of Loan Portfolio
The following table shows the composition of the Company's loan portfolio as of December 31, 2021 and 2020:
 December 31, 2021December 31, 2020
Commercial
Real estate$576,198,000 35.0 %$442,121,000 29.9 %
Construction79,365,000 4.8 %56,565,000 3.8 %
Other264,570,000 16.1 %285,015,000 19.3 %
Municipal48,362,000 2.9 %43,783,000 3.0 %
Residential
Term550,783,000 33.4 %522,070,000 35.3 %
Construction31,763,000 1.9 %21,600,000 1.5 %
Home equity line of credit73,632,000 4.5 %79,750,000 5.4 %
Consumer22,976,000 1.4 %25,857,000 1.8 %
Total loans$1,647,649,000 100.0 %$1,476,761,000 100.0 %
Loans to Directors, Officers and Employees which exceed $60,000 A summary of loans to directors and executive officers is as follows:
For the years ended December 31,20212020
Balance at beginning of year$21,214,000 $21,134,000 
New loans 10,074,000 3,544,000 
Repayments(2,498,000)(3,138,000)
Retired executive officers(2,483,000)(326,000)
Balance at end of year$26,307,000 $21,214,000 
Schedule of Past Due Loans Aging Information on the past-due status of loans by class of financing receivable as of December 31, 2021, is presented in the following table:
30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due		All
Past Due		CurrentTotal90+ Days
&
Accruing
Commercial
Real estate$249,000 $— $191,000 $440,000 $575,758,000 $576,198,000 $— 
Construction12,000 — 12,000 24,000 79,341,000 79,365,000 — 
Other30,000 23,000 104,000 157,000 264,413,000 264,570,000 — 
Municipal— — — — 48,362,000 48,362,000 — 
Residential
Term348,000 169,000 1,780,000 2,297,000 548,486,000 550,783,000 — 
Construction— — — — 31,763,000 31,763,000 — 
Home equity line of credit741,000 159,000 135,000 1,035,000 72,597,000 73,632,000 — 
Consumer168,000 192,000 32,000 392,000 22,584,000 22,976,000 32,000 
Total$1,548,000 $543,000 $2,254,000 $4,345,000 $1,643,304,000 $1,647,649,000 $32,000 
Information on the past-due status of loans by class of financing receivable as of December 31, 2020, is presented in the following table:
 30-59 Days Past Due60-89 Days Past Due90+ Days Past DueAll Past DueCurrentTotal90+ Days & Accruing
Commercial
Real estate$139,000 $190,000 $226,000 $555,000 $441,566,000 $442,121,000 $— 
Construction13,000 — 80,000 93,000 56,472,000 56,565,000 — 
Other490,000 62,000 2,082,000 2,634,000 282,381,000 285,015,000 1,464,000 
Municipal— — — — 43,783,000 43,783,000 — 
Residential
Term540,000 1,799,000 1,616,000 3,955,000 518,115,000 522,070,000 23,000 
Construction— — — — 21,600,000 21,600,000 — 
Home equity line of credit1,645,000 324,000 367,000 2,336,000 77,414,000 79,750,000 — 
Consumer89,000 42,000 18,000 149,000 25,708,000 25,857,000 18,000 
Total$2,916,000 $2,417,000 $4,389,000 $9,722,000 $1,467,039,000 $1,476,761,000 $1,505,000 
Schedule of Modification Statuses by Portfolio Segment Modification statuses by portfolio segment are summarized below:
Commercial/Municipal Loan Modifications
UnitsPercentageBalancePercentage
Paid Off21636.0 %$53,316,000 23.0 %
Charged Off2— %121,000 — %
Subsequent Modification1— %999,000 — %
Still in Original Modification0— %— — %
Out of Modification38864.0 %176,950,000 77.0 %
Total607100.0 %$231,386,000 100.0 %
Residential Real Estate Modifications
UnitsPercentageBalancePercentage
Paid Off8021.0 %$13,085,000 25.0 %
Subsequent Modification154.0 %1,812,000 3.0 %
Still in Original Modification0— %— — %
Out of Modification28275.0 %37,572,000 72.0 %
Total377100.0 %$52,469,000 100.0 %

Consumer Loan Modifications
UnitsPercentageBalancePercentage
Paid Off2536.0 %$260,000 27.0 %
Charged Off11.0 %10,000 1.0 %
Subsequent Modification23.0 %43,000 5.0 %
Still in Original Modification0— %— — %
Out of Modification4160.0 %645,000 67.0 %
Total69100.0 %$958,000 100.0 %
Schedule of Nonaccrual Loans Information on nonaccrual loans as of December 31, 2021 and 2020 is presented in the following table:
As of December 31,20212020
Commercial
Real estate$242,000 $543,000 
Construction27,000 89,000 
Other1,068,000 1,481,000 
Municipal— — 
Residential
Term3,808,000 3,593,000 
Construction— — 
Home equity line of credit457,000 1,015,000 
Consumer— — 
Total$5,602,000 $6,721,000 
Impaired Loans
Information regarding impaired loans is as follows:
For the years ended December 31,202120202019
Average investment in impaired loans$13,121,000 $21,088,000 $31,557,000 
Interest income recognized on impaired loans, all on cash basis242,000 478,000 735,000 
As of December 31,20212020
Balance of impaired loans$12,052,000 $16,039,000 
Less portion for which no allowance for loan losses is allocated(8,968,000)(12,098,000)
Portion of impaired loan balance for which an allowance for loan losses is allocated$3,084,000 $3,941,000 
Portion of allowance for loan losses allocated to the impaired loan balance$576,000 $462,000 
Schedule of Impaired Loans by Class of Financing Receivable
A breakdown of impaired loans by class of financing receivable as of December 31, 2021, is presented in the following table:

Recorded InvestmentUnpaid
Principal Balance		Related AllowanceAverage
Recorded Investment		Recognized Interest
Income
With No Related Allowance
Commercial
Real estate$1,386,000 $1,689,000 $— $1,590,000 $63,000 
Construction28,000 28,000 — 22,000 — 
Other917,000 1,009,000 — 1,051,000 15,000 
Municipal— — — — — 
Residential
Term6,178,000 7,238,000 — 6,429,000 87,000 
Construction— — — — — 
Home equity line of credit457,000 487,000 — 461,000 — 
Consumer2,000 2,000 — — 1,000 
$8,968,000 $10,453,000 $— $9,553,000 $166,000 
With an Allowance Recorded
Commercial
Real estate$42,000 $71,000 $42,000 $614,000 $— 
Construction661,000 661,000 16,000 661,000 22,000 
Other386,000 411,000 381,000 396,000 — 
Municipal— — — — — 
Residential
Term1,995,000 2,164,000 137,000 1,897,000 54,000 
Construction— — — — — 
Home equity line of credit— — — — — 
Consumer— — — — — 
$3,084,000 $3,307,000 $576,000 $3,568,000 $76,000 
Total
Commercial
Real estate$1,428,000 $1,760,000 $42,000 $2,204,000 $63,000 
Construction689,000 689,000 16,000 683,000 22,000 
Other1,303,000 1,420,000 381,000 1,447,000 15,000 
Municipal— — — — — 
Residential
Term8,173,000 9,402,000 137,000 8,326,000 141,000 
Construction— — — — — 
Home equity line of credit457,000 487,000 — 461,000 — 
Consumer2,000 2,000 — — 1,000 
 $12,052,000 $13,760,000 $576,000 $13,121,000 $242,000 

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 December 31, 2020, is presented in the following table:
 Recorded InvestmentUnpaid
Principal Balance		Related AllowanceAverage
Recorded Investment		Recognized Interest
Income
With No Related Allowance
Commercial
Real estate$2,060,000 $2,368,000 $— $4,123,000 $127,000 
Construction89,000 89,000 — 358,000 — 
Other1,591,000 1,623,000 — 999,000 15,000 
Municipal— — — — — 
Residential
Term7,335,000 8,629,000 — 8,773,000 193,000 
Construction— — — — — 
Home equity line of credit1,015,000 1,089,000 — 1,219,000 — 
Consumer8,000 8,000 — 1,000 1,000 
 $12,098,000 $13,806,000 $— $15,473,000 $336,000 
With an Allowance Recorded
Commercial     
Real estate$969,000 $995,000 $112,000 $1,018,000 $43,000 
Construction681,000 681,000 18,000 579,000 30,000 
Other188,000 202,000 169,000 1,193,000 3,000 
Municipal— — — — — 
Residential
Term2,079,000 2,134,000 163,000 2,073,000 65,000 
Construction— — — — — 
Home equity line of credit24,000 24,000 — 744,000 1,000 
Consumer— — — 8,000 — 
 $3,941,000 $4,036,000 $462,000 $5,615,000 $142,000 
Total
Commercial
Real estate$3,029,000 $3,363,000 $112,000 $5,141,000 $170,000 
Construction770,000 770,000 18,000 937,000 30,000 
Other1,779,000 1,825,000 169,000 2,192,000 18,000 
Municipal— — — — — 
Residential
Term9,414,000 10,763,000 163,000 10,846,000 258,000 
Construction— — — — — 
Home equity line of credit1,039,000 1,113,000 — 1,963,000 1,000 
Consumer8,000 8,000 — 9,000 1,000 
 $16,039,000 $17,842,000 $462,000 $21,088,000 $478,000 
A breakdown of impaired loans by category as of December 31, 2019, is presented in the following table:
Recorded InvestmentUnpaid
Principal Balance		Related AllowanceAverage
Recorded Investment		Recognized Interest
Income
With No Related Allowance
Commercial
Real estate$5,235,000 $5,492,000 $— $7,611,000 $228,000 
Construction958,000 970,000 — 936,000 47,000 
Other756,000 786,000 — 965,000 29,000 
Municipal— — — — — 
Residential
Term10,176,000 11,931,000 — 10,033,000 269,000 
Construction— — — — — 
Home equity line of credit1,087,000 1,151,000 — 997,000 20,000 
Consumer— — — — — 
$18,212,000 $20,330,000 $— $20,542,000 $593,000 
With an Allowance Recorded
Commercial
Real estate$1,074,000 $1,093,000 $251,000 $1,528,000 $60,000 
Construction— — — — — 
Other6,319,000 6,925,000 1,273,000 6,778,000 — 
Municipal— — — — — 
Residential
Term2,263,000 2,412,000 237,000 2,424,000 82,000 
Construction— — — — — 
Home equity line of credit1,401,000 1,412,000 447,000 283,000 — 
Consumer5,000 6,000 5,000 2,000 — 
$11,062,000 $11,848,000 $2,213,000 $11,015,000 $142,000 
Total
Commercial
Real estate$6,309,000 $6,585,000 $251,000 $9,139,000 $288,000 
Construction958,000 970,000 — 936,000 47,000 
Other7,075,000 7,711,000 1,273,000 7,743,000 29,000 
Municipal— — — — — 
Residential
Term12,439,000 14,343,000 237,000 12,457,000 351,000 
Construction— — — — — 
Home equity line of credit2,488,000 2,563,000 447,000 1,280,000 20,000 
Consumer5,000 6,000 5,000 2,000 — 
$29,274,000 $32,178,000 $2,213,000 $31,557,000 $735,000 
Schedule of Troubled Debt Restructurings on Financing Receivables
The following table shows TDRs by class and the specific reserve as of December 31, 2021:
Number of LoansBalanceSpecific Reserves
Commercial
Real estate8 $1,227,000 $42,000 
Construction1 661,000 16,000 
Other5 765,000 337,000 
Municipal— — — 
Residential
Term45 5,686,000 137,000 
Construction— — — 
Home equity line of credit— — — 
Consumer1 2,000 — 
 60 $8,341,000 $532,000 

The following table shows TDRs by class and the specific reserve as of December 31, 2020:
Number of LoansBalanceSpecific Reserves
Commercial
Real estate13 $2,558,000 $106,000 
Construction1 681,000 18,000 
Other6 717,000 96,000 
Municipal— — — 
Residential
Term51 7,384,000 149,000 
Construction— — — 
Home equity line of credit2 186,000 — 
Consumer1 8,000 — 
 74 $11,534,000 $369,000 
As of December 31, 2021, five of the loans classified as TDRs with a total balance of $349,000 were more than 30 days past due. One of these loans had been placed on TDR status in the previous 12 months. The following table shows past-due TDRs by class and the associated specific reserves included in the allowance for loan losses as of December 31, 2021:
 Number of LoansBalanceSpecific Reserves
Commercial
Real estate— $— $— 
Construction— — — 
Other1 83,000 — 
Municipal— — — 
Residential 
Term4 266,000 — 
Construction— — — 
Home equity line of credit— — — 
Consumer— — — 
 5 $349,000 $— 

As of December 31, 2020, 14 of the loans classified as TDRs with a total balance of $1,577,000 were more than 30 days past due. One of these loans had been placed on TDR status in the previous 12 months. The following table shows past-due TDRs by class and the associated specific reserves included in the allowance for loan losses as of December 31, 2020:
Number of LoansBalanceSpecific Reserves
Commercial
Real estate— $— $— 
Construction— — — 
Other4 419,000 92,000 
Municipal— — — 
Residential
Term8 988,000 5,000 
Construction— — — 
Home equity line of credit1 162,000 — 
Consumer1 8,000 — 
 14 $1,577,000 $97,000 
For the year ended December 31, 2021, four 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 December 31, 2021:
Number of LoansPre-Modification
Outstanding
Recorded Investment		Post-Modification Outstanding
Recorded
Investment		Specific Reserves
Commercial
Real estate— $— $— $— 
Construction1 80,000 80,000 — 
Other1 251,000 247,000 247,000 
Municipal— — — — 
Residential
Term2 142,000 124,000 — 
Construction— — — — 
Home equity line of credit— — — — 
Consumer— — — — 
4 $473,000 $451,000 $247,000 

For the year ended December 31, 2020, three loans were placed in TDR status. The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as for December 31, 2020.
Number of LoansPre-Modification
Outstanding
Recorded Investment		Post-Modification Outstanding
Recorded
Investment		Specific Reserves
Commercial
Real estate— $— $— $— 
Construction— — — — 
Other— — — — 
Municipal— — — — 
Residential
Term2 234,000 185,000 21,000 
Construction— — — — 
Home equity line of credit— — — — 
Consumer1 8,000 8,000 — 
 3 $242,000 $193,000 $21,000