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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Allowance for Credit Losses by Class of Financing Receivable and Allowance The following table summarizes the composition of the ACL, by class of financing receivable and allowance, as of December 31, 2023 and 2022:
As of December 31,20232022
Allowance for Individually Analyzed Loans
Commercial
   Real estate owner occupied$— $— 
   Real estate non-owner occupied— — 
   Construction— — 
   C&I223,000 298,000 
   Multifamily— — 
Municipal— — 
Residential
   Term41,000 100,000 
   Construction— — 
Home Equity
   Revolving and term— — 
Consumer— — 
Total$264,000 $398,000 
Allowance for Pooled Loans
Commercial
   Real estate owner occupied$4,633,000 $6,116,000 
   Real estate non-owner occupied4,285,000 — 
   Construction1,978,000 821,000 
   C&I4,778,000 2,799,000 
   Multifamily1,318,000 — 
Municipal334,000 162,000 
Residential
   Term4,950,000 2,459,000 
   Construction618,000 199,000 
Home Equity
   Revolving and term626,000 1,029,000 
Consumer246,000 1,062,000 
Unallocated— 1,678,000 
Total$23,766,000 $16,325,000 
Total Allowance for Credit Losses
Commercial  
   Real estate owner occupied$4,633,000 $6,116,000 
   Real estate non-owner occupied4,285,000 — 
   Construction1,978,000 821,000 
   C&I5,001,000 3,097,000 
   Multifamily1,318,000 — 
Municipal334,000 162,000 
Residential
   Term4,991,000 2,559,000 
   Construction618,000 199,000 
Home Equity
   Revolving and term626,000 1,029,000 
Consumer246,000 1,062,000 
Unallocated— 1,678,000 
Total$24,030,000 $16,723,000 
A breakdown of the ACL as of December 31, 2023 and 2022, by class of financing receivable and allowance element, is presented in the following tables:
As of December 31, 2023Specific Reserves on Loans Evaluated IndividuallyGeneral Reserves on Loans Based on Historical Loss ExperienceReserves for Qualitative FactorsTotal Reserves
Commercial
   Real estate owner occupied$— $3,891,000 $742,000 $4,633,000 
   Real estate non-owner occupied— 3,759,000 526,000 4,285,000 
   Construction— 1,849,000 129,000 1,978,000 
   C&I223,000 4,238,000 540,000 5,001,000 
   Multifamily— 1,237,000 81,000 1,318,000 
Municipal— 307,000 27,000 334,000 
Residential
   Term41,000 4,224,000 726,000 4,991,000 
   Construction— 642,000 (24,000)618,000 
Home Equity
   Revolving and term— 469,000 157,000 626,000 
Consumer— 217,000 29,000 246,000 
$264,000 $20,833,000 $2,933,000 $24,030,000 

As of December 31, 2022Specific Reserves on Loans Evaluated Individually for ImpairmentGeneral Reserves on Loans Based on Historical Loss ExperienceReserves for Qualitative FactorsUnallocated ReservesTotal Reserves
Commercial
Real estate$— $974,000 $5,142,000 $— $6,116,000 
Construction— 131,000 690,000 — 821,000 
Other298,000 446,000 2,353,000 — 3,097,000 
Municipal— — 162,000 — 162,000 
Residential    
Term100,000 83,000 2,376,000 — 2,559,000 
Construction— 7,000 192,000 — 199,000 
Home equity line of credit— 101,000 928,000 — 1,029,000 
Consumer— 286,000 776,000 — 1,062,000 
Unallocated— — — 1,678,000 1,678,000 
 $398,000 $2,028,000 $12,619,000 $1,678,000 $16,723,000 
Schedule Of Off-Balance Sheet Allowance
The following table presents the activity in the ACL for off-balance sheet credit exposures for the year ended December 31, 2023:
Allowance for credit losses:
Beginning balance, prior to adoption of ASC 326$100,000 
Impact of adopting ASC 3261,297,000 
Credit loss expense(142,000)
Total ending allowance balance$1,255,000 
Schedule of Risk Ratings for Loans
The following table summarizes the credit quality for the Company's portfolio by risk category of loans and by class by vintage as follows:
Term Loans Amortized Cost Basis by Origination Year
Dollars in thousands20232022202120202019PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
As of December 31, 2023
Commercial
  Real estate owner occupied
    Pass (risk rating 1-5)$64,693 $73,920 $40,782 $28,716 $29,856 $59,236 $8,993 $— $306,196 
    Special Mention (risk rating 6)1,903 — — — 5,605 313 — — 7,821 
    Substandard (risk rating 7)283 — — — 503 16 — — 802 
    Doubtful (risk rating 8)— — — — — — — — — 
  Total Real Estate Owner Occupied66,879 73,920 40,782 28,716 35,964 59,565 8,993 — 314,819 
    Current period gross write-offs— — — — — 40 — — 40 
  Real estate non-owner occupied
    Pass (risk rating 1-5)30,666 70,442 129,299 47,959 27,159 83,820 4,230 — 393,575 
    Special Mention (risk rating 6)— — — — — — — — — 
    Substandard (risk rating 7)— — — — — 61 — — 61 
    Doubtful (risk rating 8)— — — — — — — — — 
  Total Real Estate Non-Owner Occupied30,666 70,442 129,299 47,959 27,159 83,881 4,230 — 393,636 
    Current period gross write-offs— — — — — — — — — 
  Construction
    Pass (risk rating 1-5)29,781 45,130 8,705 1,581 1,034 2,373 — — 88,604 
    Special Mention (risk rating 6)— — 69 — — — — — 69 
    Substandard (risk rating 7)— — — — — — — — — 
    Doubtful (risk rating 8)— — — — — — — — — 
  Total Construction29,781 45,130 8,774 1,581 1,034 2,373 — — 88,673 
    Current period gross write-offs— — — — — — — — — 
  C&I
    Pass (risk rating 1-5)49,147 61,628 51,848 33,955 6,103 32,032 87,949 973 323,635 
    Special Mention (risk rating 6)23,970 3,414 267 546 — 3,373 330 — 31,900 
    Substandard (risk rating 7)126 354 35 — 180 455 102 — 1,252 
    Doubtful (risk rating 8)— — — — — — — — — 
  Total C&I73,243 65,396 52,150 34,501 6,283 35,860 88,381 973 356,787 
    Current period gross write-offs— 114 — — 16 23 — — 153 
  Multifamily
    Pass (risk rating 1-5)12,046 30,565 18,053 15,033 5,540 8,527 416 — 90,180 
    Special Mention (risk rating 6)— 1,020 — 912 — — — — 1,932 
    Substandard (risk rating 7)— — 1,364 — — — — — 1,364 
    Doubtful (risk rating 8)— — — — — — — — — 
  Total Multifamily12,046 31,585 19,417 15,945 5,540 8,527 416 — 93,476 
    Current period gross write-offs— — — — — — — — — 
Municipal
    Pass (risk rating 1-5)20,210 4,741 3,982 9,775 5,156 7,559 — — 51,423 
    Special Mention (risk rating 6)— — — — — — — — — 
    Substandard (risk rating 7)— — — — — — — — — 
    Doubtful (risk rating 8)— — — — — — — — — 
  Total Municipal20,210 4,741 3,982 9,775 5,156 7,559 — — 51,423 
    Current period gross write-offs— — — — — — — — — 
Term Loans Amortized Cost Basis by Origination Year
Dollars in thousands20232022202120202019PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
As of December 31, 2023
Residential
  Term
    Performing65,605 156,495 140,254 93,774 39,896 174,341 3,046 129 673,540 
    Non-performing— 304 — 40 300 671 — — 1,315 
  Total Term65,605 156,799 140,254 93,814 40,196 175,012 3,046 129 674,855 
    Current period gross write-offs— — — — — — — — — 
  Construction
    Performing25,007 6,012 — 1,339 — — — — 32,358 
    Non-performing— — — — — — — — — 
  Total Construction25,007 6,012 — 1,339 — — — — 32,358 
    Current period gross write-offs— — — — — — — — — 
Home Equity Revolving and Term
    Performing10,519 9,319 2,031 1,197 584 1,655 68,006 10,419 103,730 
    Non-performing— — — — — 112 19 165 296 
  Total Home Equity Revolving and Term10,519 9,319 2,031 1,197 584 1,767 68,025 10,584 104,026 
    Current period gross write-offs— 50 — — — — — — 50 
Consumer
    Performing3,664 2,042 1,175 1,794 455 4,564 5,707 — 19,401 
    Non-performing— — — — — — — — — 
  Total Consumer3,664 2,042 1,175 1,794 455 4,564 5,707 — 19,401 
    Current period gross write-offs5 46 31 30 7 75 — — 194 
Total loans$337,620 $465,386 $397,864 $236,621 $122,371 $379,108 $178,798 $11,686 $2,129,454 

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, 2022:
Commercial
Real Estate
Commercial
Construction
Commercial
Other
Municipal
Loans
All Risk-
Rated Loans
1 Strong$— $— $2,215,000 $— $2,215,000 
2 Above Average5,702,000 — 23,624,000 37,921,000 67,247,000 
3 Satisfactory125,721,000 1,018,000 64,613,000 1,198,000 192,550,000 
4 Average459,087,000 57,920,000 187,374,000 1,500,000 705,881,000 
5 Watch108,302,000 34,969,000 40,119,000 — 183,390,000 
6 OAEM144,000 — 85,000 — 229,000 
7 Substandard384,000 — 1,329,000 — 1,713,000 
8 Doubtful— — — — — 
Total$699,340,000 $93,907,000 $319,359,000 $40,619,000 $1,153,225,000 
Schedule of Allowance for Loan Losses Transactions
The following table presents ACL activity by class for the year ended December 31, 2023:
CommercialMunicipalResidentialHome EquityConsumerUnallocatedTotal
Dollars in thousandsReal Estate Owner OccupiedReal Estate Non-Owner OccupiedConstructionC&IMultifamilyTermConstructionRevolving and Term
For the year ended December 31, 2023
Beginning balance, prior to adoption of ASC 326$6,116 $— $821 $3,097 $— $162 $2,559 $199 $1,029 $1,062 $1,678 $16,723 
Chargeoffs(40)— — (153)— — — — (50)(194)— (437)
Recoveries2 75 — 3 — — 14 — 13 97 — 204 
Provision (credit)241 (105)214 409 134 40 540 (316)90 83 — 1,330 
Impact of adopting ASC 326(1,686)4,315 943 1,645 1,184 132 1,878 735 (456)(802)(1,678)6,210 
Ending balance$4,633 $4,285 $1,978 $5,001 $1,318 $334 $4,991 $618 $626 $246 $— $24,030 
The following table presents ACL activity by class for the year ended December 31, 2022:
CommercialMunicipalResidentialHome Equity
Line of Credit		ConsumerUnallocatedTotal
Dollars in thousandsReal EstateConstructionOtherTermConstruction
For the year ended December 31, 2022
Beginning balance$5,367 $746 $2,830 $157 $2,733 $148 $925 $833 $1,782 $15,521 
Chargeoffs— — (309)— (8)— (29)(412)— (758)
Recoveries20 — 13 — 29 — 4 144 — 210 
Provision (credit)729 75 563 5 (195)51 129 497 (104)1,750 
Ending balance$6,116 $821 $3,097 $162 $2,559 $199 $1,029 $1,062 $1,678 $16,723 
Ending balance specifically evaluated for impairment$— $— $298,000 $— $100,000 $— $— $— $— $398,000 
Ending balance collectively evaluated for impairment$6,116,000 $821,000 $2,799,000 $162,000 $2,459,000 $199,000 $1,029,000 $1,062,000 $1,678,000 $16,325,000 
Related loan balances:
Ending balance$699,340,000 $93,907,000 $319,359,000 $40,619,000 $597,404,000 $49,907,000 $93,075,000 $21,063,000 $— $1,914,674,000 
Ending balance specifically evaluated for impairment$1,236,000 $685,000 $846,000 $— $3,089,000 $— $304,000 $— $— $6,160,000 
Ending balance collectively evaluated for impairment$698,104,000 $93,222,000 $318,513,000 $40,619,000 $594,315,000 $49,907,000 $92,771,000 $21,063,000 $— $1,908,514,000 

The following table presents allowance for loan losses activity by class for the year ended December 31, 2021:
CommercialMunicipalResidentialHome Equity
Line of Credit		ConsumerUnallocatedTotal
Dollars in thousandsReal EstateConstructionOtherTermConstruction
For the year ended December 31, 2021
Beginning balance$5,178 $662 $3,438 $171 $2,579 $102 $1,211 $778 $2,134 $16,253 
Chargeoffs(106)— (288)— (42)— — (312)— (748)
Recoveries95 — 84 — 66 — 61 85 — 391 
Provision (credit)200 84 (404)(14)130 46 (347)282 (352)(375)
Ending balance$5,367 $746 $2,830 $157 $2,733 $148 $925 $833 $1,782 $15,521 
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