XML 54 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Allowance for Loan Losses by Class of Financing Receivable and Allowance
The following table summarizes the composition of the allowance for loan losses, by class of financing receivable and allowance, as of December 31, 2021 and 2020:
As of December 31,20212020
Allowance for Loans Evaluated Individually for Impairment
Commercial
Real estate$42,000 $112,000 
Construction16,000 18,000 
Other381,000 169,000 
Municipal— — 
Residential
Term137,000 163,000 
Construction— — 
Home equity line of credit— — 
Consumer— — 
Total$576,000 $462,000 
Allowance for Loans Evaluated Collectively for Impairment
Commercial
Real estate$5,325,000 $5,066,000 
Construction730,000 644,000 
Other2,449,000 3,269,000 
Municipal157,000 171,000 
Residential
Term2,596,000 2,416,000 
Construction148,000 102,000 
Home equity line of credit925,000 1,211,000 
Consumer833,000 778,000 
Unallocated1,782,000 2,134,000 
Total$14,945,000 $15,791,000 
Total Allowance for Loan Losses
Commercial  
Real estate$5,367,000 $5,178,000 
Construction746,000 662,000 
Other2,830,000 3,438,000 
Municipal157,000 171,000 
Residential
Term2,733,000 2,579,000 
Construction148,000 102,000 
Home equity line of credit925,000 1,211,000 
Consumer833,000 778,000 
Unallocated1,782,000 2,134,000 
Total$15,521,000 $16,253,000 
A breakdown of the allowance for loan losses as of December 31, 2021 and 2020, by class of financing receivable and allowance element, is presented in the following tables:
As of December 31, 2021Specific Reserves on Loans Evaluated Individually for ImpairmentGeneral Reserves on Loans Based on Historical Loss ExperienceReserves for Qualitative FactorsUnallocated ReservesTotal Reserves
Commercial
Real estate$42,000 $831,000 $4,494,000 $— $5,367,000 
Construction16,000 114,000 616,000 — 746,000 
Other381,000 382,000 2,067,000 — 2,830,000 
Municipal— — 157,000 — 157,000 
Residential
Term137,000 175,000 2,421,000 — 2,733,000 
Construction— 10,000 138,000 — 148,000 
Home equity line of credit— 101,000 824,000 — 925,000 
Consumer— 243,000 590,000 — 833,000 
Unallocated— — — 1,782,000 1,782,000 
$576,000 $1,856,000 $11,307,000 $1,782,000 $15,521,000 

As of December 31, 2020Specific Reserves on Loans Evaluated Individually for ImpairmentGeneral Reserves on Loans Based on Historical Loss ExperienceReserves for Qualitative FactorsUnallocated ReservesTotal Reserves
Commercial
Real estate$112,000 $721,000 $4,345,000 $— $5,178,000 
Construction18,000 92,000 552,000 — 662,000 
Other169,000 465,000 2,804,000 — 3,438,000 
Municipal— — 171,000 — 171,000 
Residential    
Term163,000 145,000 2,271,000 — 2,579,000 
Construction— 6,000 96,000 — 102,000 
Home equity line of credit— 151,000 1,060,000 — 1,211,000 
Consumer— 282,000 496,000 — 778,000 
Unallocated— — — 2,134,000 2,134,000 
 $462,000 $1,862,000 $11,795,000 $2,134,000 $16,253,000 
Schedule of Risk Ratings for Loans
The following table summarizes the risk ratings for the Company's commercial construction, commercial real estate, commercial other and municipal loans as of December 31, 2021:
 Commercial
Real Estate		Commercial
Construction		Commercial
Other		Municipal
Loans		All Risk-
Rated Loans
1 Strong$— $— $2,118,000 $— $2,118,000 
2 Above average6,977,000 169,000 7,328,000 46,547,000 61,021,000 
3 Satisfactory98,473,000 2,589,000 60,787,000 349,000 162,198,000 
4 Average378,147,000 47,196,000 154,247,000 1,466,000 581,056,000 
5 Watch88,679,000 29,411,000 37,942,000 — 156,032,000 
6 OAEM3,482,000 — 52,000 — 3,534,000 
7 Substandard440,000 — 2,096,000 — 2,536,000 
8 Doubtful— — — — — 
Total$576,198,000 $79,365,000 $264,570,000 $48,362,000 $968,495,000 
The following table summarizes the risk ratings for the Company's commercial construction, commercial real estate, commercial other and municipal loans as of December 31, 2020:
 Commercial
Real Estate		Commercial
Construction		Commercial
Other		Municipal
Loans		All Risk-
Rated Loans
1 Strong$— $— $2,402,000 $19,000 $2,421,000 
2 Above average5,938,000 2,343,000 6,326,000 41,939,000 56,546,000 
3 Satisfactory91,475,000 2,889,000 104,432,000 369,000 199,165,000 
4 Average261,539,000 31,221,000 120,570,000 1,456,000 414,786,000 
5 Watch72,840,000 19,893,000 44,293,000 — 137,026,000 
6 OAEM2,754,000 — 234,000 — 2,988,000 
7 Substandard7,575,000 219,000 6,758,000 — 14,552,000 
8 Doubtful— — — — — 
Total$442,121,000 $56,565,000 $285,015,000 $43,783,000 $827,484,000 
Schedule of Allowance for Loan Losses Transactions
The following tables present allowance for loan losses activity by class, allowance for loan loss balances by class and related loan balances by class for the years ended December 31, 2021, 2020 and 2019:
For the year ended December 31, 2021
CommercialResidentialHome Equity
Line of Credit
Real EstateConstructionOtherMunicipalTermConstructionConsumerUnallocatedTotal
Allowance for loan losses:
Beginning balance$5,178,000 $662,000 $3,438,000 $171,000 $2,579,000 $102,000 $1,211,000 $778,000 $2,134,000 $16,253,000 
Chargeoffs106,000 — 288,000 — 42,000 — — 312,000 — 748,000 
Recoveries95,000 — 84,000 — 66,000 — 61,000 85,000 — 391,000 
Provision (credit)200,000 84,000 (404,000)(14,000)130,000 46,000 (347,000)282,000 (352,000)(375,000)
Ending balance$5,367,000 $746,000 $2,830,000 $157,000 $2,733,000 $148,000 $925,000 $833,000 $1,782,000 $15,521,000 
Ending balance specifically evaluated for impairment$42,000 $16,000 $381,000 $— $137,000 $— $— $— $— $576,000 
Ending balance collectively evaluated for impairment$5,325,000 $730,000 $2,449,000 $157,000 $2,596,000 $148,000 $925,000 $833,000 $1,782,000 $14,945,000 
Related loan balances:
Ending balance$576,198,000 $79,365,000 $264,570,000 $48,362,000 $550,783,000 $31,763,000 $73,632,000 $22,976,000 $— $1,647,649,000 
Ending balance specifically evaluated for impairment$1,428,000 $689,000 $1,303,000 $— $8,173,000 $— $457,000 $2,000 $— $12,052,000 
Ending balance collectively evaluated for impairment$574,770,000 $78,676,000 $263,267,000 $48,362,000 $542,610,000 $31,763,000 $73,175,000 $22,974,000 $— $1,635,597,000 

For the year ended December 31, 2020
CommercialResidentialHome Equity
Line of Credit
Real EstateConstructionOtherMunicipalTermConstructionConsumerUnallocatedTotal
Allowance for loan losses:
Beginning balance$3,742,000 $365,000 $3,329,000 $27,000 $1,024,000 $25,000 $1,078,000 $867,000 $1,182,000 $11,639,000 
Chargeoffs1,088,000 — 27,000 — 66,000 — 153,000 327,000 — 1,661,000 
Recoveries— — 37,000 — 34,000 — 22,000 132,000 — 225,000 
Provision2,524,000 297,000 99,000 144,000 1,587,000 77,000 264,000 106,000 952,000 6,050,000 
Ending balance$5,178,000 $662,000 $3,438,000 $171,000 $2,579,000 $102,000 $1,211,000 $778,000 $2,134,000 $16,253,000 
Ending balance specifically evaluated for impairment$112,000 $18,000 $169,000 $— $163,000 $— $— $— $— $462,000 
Ending balance collectively evaluated for impairment$5,066,000 $644,000 $3,269,000 $171,000 $2,416,000 $102,000 $1,211,000 $778,000 $2,134,000 $15,791,000 
Related loan balances:
Ending balance$442,121,000 $56,565,000 $285,015,000 $43,783,000 $522,070,000 $21,600,000 $79,750,000 $25,857,000 $— $1,476,761,000 
Ending balance specifically evaluated for impairment$3,029,000 $770,000 $1,779,000 $— $9,414,000 $— $1,039,000 $8,000 $— $16,039,000 
Ending balance collectively evaluated for impairment$439,092,000 $55,795,000 $283,236,000 $43,783,000 $512,656,000 $21,600,000 $78,711,000 $25,849,000 $— $1,460,722,000 
For the year ended December 31, 2019
CommercialResidentialHome Equity
Line of Credit
Real EstateConstructionOtherMunicipalTermConstructionConsumerUnallocatedTotal
Allowance for loan losses:
Beginning balance$3,567,000 $255,000 $3,541,000 $24,000 $1,235,000 $34,000 $730,000 $630,000 $1,216,000 $11,232,000 
Chargeoffs89,000 — 179,000 — 445,000 — 69,000 338,000 — 1,120,000 
Recoveries15,000 — 73,000 — 57,000 — 4,000 128,000 — 277,000 
Provision (credit)249,000 110,000 (106,000)3,000 177,000 (9,000)413,000 447,000 (34,000)1,250,000 
Ending balance$3,742,000 $365,000 $3,329,000 $27,000 $1,024,000 $25,000 $1,078,000 $867,000 $1,182,000 $11,639,000 
Ending balance specifically evaluated for impairment$251,000 $— $1,273,000 $— $237,000 $— $447,000 $5,000 $— $2,213,000 
Ending balance collectively evaluated for impairment$3,491,000 $365,000 $2,056,000 $27,000 $787,000 $25,000 $631,000 $862,000 $1,182,000 $9,426,000 
Related loan balances:
Ending balance$372,810,000 $38,084,000 $218,773,000 $41,288,000 $492,455,000 $14,813,000 $92,349,000 $26,503,000 $— $1,297,075,000 
Ending balance specifically evaluated for impairment$6,309,000 $958,000 $7,075,000 $— $12,439,000 $— $2,488,000 $5,000 $— $29,274,000 
Ending balance collectively evaluated for impairment$366,501,000 $37,126,000 $211,698,000 $41,288,000 $480,016,000 $14,813,000 $89,861,000 $26,498,000 $— $1,267,801,000