Loans And The Allowance For Loan Losses (Tables)

3 Months Ended

Mar. 31, 2017

Loans And The Allowance For Loan Losses [Abstract]




	March 31, 2017		December 31, 2016
Mortgage loans on real estate:	(in thousands)
Residential mortgages	$	122,818	$	118,542
Commercial and multi-family		464,288		462,385
Construction-Residential		2,155		2,540
Construction-Commercial		95,757		93,240
Home equities		66,229		66,234
Total real estate loans		751,247		742,941

Commercial and industrial loans		192,041		197,371
Consumer and other loans		1,344		1,417
Net deferred loan origination costs		951		783
Total gross loans		945,583		942,512

Allowance for loan losses		(13,579)		(13,916)

Loans, net	$	932,004	$	928,596

Data, At Class Level, Of Credit Quality Indicators Of Certain Loans




March 31, 2017
(in thousands)
Corporate Credit Exposure – By Credit Rating	Commercial Real Estate Construction		Commercial and Multi-Family Mortgages		Total Commercial Real Estate		Commercial and Industrial
1-3	$	80,643	$	375,456	$	456,099	$	123,648
4		10,936		71,958		82,894		55,746
5		-		6,641		6,641		9,264
6		4,178		10,233		14,411		2,570
7		-		-		-		813
Total	$	95,757	$	464,288	$	560,045	$	192,041




December 31, 2016
(in thousands)
Corporate Credit Exposure – By Credit Rating	Commercial Real Estate Construction		Commercial and Multi-Family Mortgages		Total Commercial Real Estate		Commercial and Industrial
1-3	$	82,520	$	372,235	$	454,755	$	121,414
4		6,541		73,655		80,196		59,117
5		-		12,506		12,506		12,623
6		4,179		3,989		8,168		3,404
7		-		-		-		813
Total	$	93,240	$	462,385	$	555,625	$	197,371

Recorded Investment In Loans Past Due



March 31, 2017
(in thousands)

							Total Past		Current		Total		90+ Days		Non-accruing
	30-59 days		60-89 days		90+ days		Due		Balance		Balance		Accruing		Loans

Commercial and industrial	$	2,751	$	138	$	931	$	3,820	$	188,221	$	192,041	$	72	$	2,771
Residential real estate:
Residential		1,225		70		659		1,954		120,864		122,818		-		846
Construction		-		-		-		-		2,155		2,155		-		-
Commercial real estate:
Commercial		15,249		213		2,097		17,559		446,729		464,288		-		3,174
Construction		4,127		-		4,179		8,306		87,451		95,757		-		4,179
Home equities		128		207		593		928		65,301		66,229		-		1,232
Consumer and other		50		7		-		57		1,287		1,344		-		11
Total Loans	$	23,530	$	635	$	8,459	$	32,624	$	912,008	$	944,632	$	72	$	12,213

Note: Loan balances do not include $951 thousand in net deferred loan origination costs as of March 31, 2017.



December 31, 2016
(in thousands)

							Total Past		Current		Total		90+ Days		Non-accruing
	30-59 days		60-89 days		90+ days		Due		Balance		Balance		Accruing		Loans

Commercial and industrial	$	6,772	$	2,966	$	1,150	$	10,888	$	186,483	$	197,371	$	-	$	3,106
Residential real estate:
Residential		868		123		567		1,558		116,984		118,542		-		862
Construction		-		-		-		-		2,540		2,540		-		-
Commercial real estate:
Commercial		6,319		1,522		2,357		10,198		452,187		462,385		483		1,874
Construction		257		-		4,417		4,674		88,566		93,240		239		4,178
Home equities		481		119		679		1,279		64,955		66,234		-		1,261
Consumer and other		15		10		5		30		1,387		1,417		-		17
Total Loans	$	14,712	$	4,740	$	9,175	$	28,627	$	913,102	$	941,729	$	722	$	11,298

Note: Loan balances do not include $783 thousand in net deferred loan origination costs as of December 31, 2016.

Schedule Of Allowance For Loan Losses According To Portfolio Segment




March 31, 2017

(in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer and Other		Residential Mortgages*		Home Equities		Total
Allowance for loan
losses:
Beginning balance	$	4,813	$	7,890	$	96	$	769	$	348	$	13,916
Charge-offs		(33)		-		(28)		-		-		(61)
Recoveries		147		-		12		-		-		159
Provision (Credit)		(964)		308		55		150		16		(435)
Ending balance	$	3,963	$	8,198	$	135	$	919	$	364	$	13,579

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	253	$	1,716	$	36	$	1	$	9	$	2,015
Collectively evaluated
for impairment		3,710		6,482		99		918		355		11,564
Total	$	3,963	$	8,198	$	135	$	919	$	364	$	13,579

Loans:
Ending balance:
Individually evaluated
for impairment	$	2,786	$	12,473	$	36	$	2,561	$	1,694	$	19,550
Collectively evaluated
for impairment		189,255		547,572		1,308		122,412		64,535		925,082
Total	$	192,041	$	560,045	$	1,344	$	124,973	$	66,229	$	944,632

* Includes construction loans

Note: Loan balances do not include $951 thousand in net deferred loan origination costs as of March 31, 2017.




March 31, 2016

(in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer and Other		Residential Mortgages*		Home Equities		Total
Allowance for loan
losses:
Beginning balance	$	4,383	$	7,135	$	85	$	909	$	371	$	12,883
Charge-offs		(13)		-		(7)		-		-		(20)
Recoveries		7		38		3		-		-		48
Provision (Credit)		203		269		12		(213)		(63)		208
Ending balance	$	4,580	$	7,442	$	93	$	696	$	308	$	13,119

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	516	$	1,134	$	41	$	2	$	-	$	1,693
Collectively evaluated
for impairment		4,064		6,308		52		694		308		11,426
Total	$	4,580	$	7,442	$	93	$	696	$	308	$	13,119

Loans:
Ending balance:
Individually evaluated
for impairment	$	5,382	$	10,092	$	41	$	2,482	$	1,545	$	19,542
Collectively evaluated
for impairment		145,431		464,806		2,131		104,212		60,048		776,628
Total	$	150,813	$	474,898	$	2,172	$	106,694	$	61,593	$	796,170

* Includes construction loans

Note: Loan balances do not include $603 thousand in net deferred loan origination costs as of March 31, 2016.

Data, At Class Level, Of Impaired Loans



		At March 31, 2017
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With no related allowance recorded:		(in thousands)
Commercial and industrial	$	1,176	$	1,279	$	-	$	1,183	$	23	$	5
Residential real estate:
Residential		2,491		2,697		-		2,493		9		17
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		2,452		2,506		-		2,534		34		19
Construction		-		-		-		-		-		-
Home equities		1,611		1,697		-		1,627		15		4
Consumer and other		-		-		-		-		-		-
Total impaired loans	$	7,730	$	8,179	$	-	$	7,837	$	81	$	45


		At March 31, 2017
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With a related allowance recorded:		(in thousands)
Commercial and industrial	$	1,610	$	1,853	$	253	$	1,654	$	24	$	2
Residential real estate:
Residential		70		72		1		70		1		-
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		5,843		5,871		541		5,843		13		53
Construction		4,178		4,201		1,175		4,179		50		-
Home equities		83		85		9		83		1		-
Consumer and other		36		62		36		37		1		1
Total impaired loans	$	11,820	$	12,144	$	2,015	$	11,866	$	90	$	56


		At March 31, 2017
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	2,786	$	3,132	$	253	$	2,837	$	47	$	7
Residential real estate:
Residential		2,561		2,769		1		2,563		10		17
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		8,295		8,377		541		8,377		47		72
Construction		4,178		4,201		1,175		4,179		50		-
Home equities		1,694		1,782		9		1,710		16		4
Consumer and other		36		62		36		37		1		1
Total impaired loans	$	19,550	$	20,323	$	2,015	$	19,703	$	171	$	101



		At December 31, 2016
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With no related allowance recorded:		(in thousands)
Commercial and industrial	$	1,304	$	1,604	$	-	$	1,455	$	125	$	51
Residential real estate:
Residential		2,513		2,720		-		2,542		39		78
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		2,123		2,168		-		2,181		33		89
Construction		257		257		-		404		2		28
Home equities		1,559		1,621		-		1,606		51		30
Consumer and other		-		-		-		-		-		-
Total impaired loans	$	7,756	$	8,370	$	-	$	8,188	$	250	$	276


		At December 31, 2016
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With a related allowance recorded:		(in thousands)
Commercial and industrial	$	1,844	$	1,913	$	492	$	1,898	$	62	$	53
Residential real estate:
Residential		71		72		1		72		2		1
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		1,054		1,083		296		1,062		50		-
Construction		4,179		4,201		1,175		4,180		194		-
Home equities		194		206		20		195		9		1
Consumer and other		43		68		43		45		3		3
Total impaired loans	$	7,385	$	7,543	$	2,027	$	7,452	$	320	$	58


		At December 31, 2016
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	3,148	$	3,517	$	492	$	3,353	$	187	$	104
Residential real estate:
Residential		2,584		2,792		1		2,614		41		79
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		3,177		3,251		296		3,243		83		89
Construction		4,436		4,458		1,175		4,584		196		28
Home equities		1,753		1,827		20		1,801		60		31
Consumer and other		43		68		43		45		3		3
Total impaired loans	$	15,141	$	15,913	$	2,027	$	15,640	$	570	$	334

Schedule Of Non-Performing Loans



	March 31, 2017			December 31, 2016
		(in thousands)
Non-accruing loans:
Commercial and industrial loans	$	2,771		$	3,106
Residential real estate:
Residential		846			862
Construction		-			-
Commercial real estate:
Commercial and multi-family		3,174			1,874
Construction		4,179			4,178
Home equities		1,232			1,261
Consumer loans		11			17
Total non-accruing loans	$	12,213		$	11,298

Accruing loans 90+ days past due		72			722
Total non-performing loans	$	12,285		$	12,020

Total non-performing loans
to total assets		1.08	%		1.09	%
Total non-performing loans
to total loans		1.30	%		1.28	%

Loans Classified As Troubled Debt Restructurings



		March 31, 2017
		(in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	729	$	714	$	15	$	168
Residential real estate:
Residential		1,949		235		1,714		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi-family		5,713		592		5,121		245
Construction		-		-		-		-
Home equities		638		177		461		-
Consumer and other loans		26		-		26		26
Total troubled restructured loans	$	9,055	$	1,718	$	7,337	$	439



		December 31, 2016
		(in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	574	$	532	$	42	$	147
Residential real estate:
Residential		1,949		227		1,722		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi-family		1,617		313		1,304		-
Construction		257		-		257		-
Home equities		667		175		492		1
Consumer and other loans		26		-		26		26
Total troubled restructured loans	$	5,090	$	1,247	$	3,843	$	174

TDR Activity By Type Of Concession Granted To Borrower


	Three months ended March 31, 2017					Three months ended March 31, 2016
	(Recorded Investment in thousands)					(Recorded Investment in thousands)
Troubled Debt Restructurings by Type of Concession	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment

Commercial and Industrial:
Extension of maturity	-	$	-	$	-	1	$	24	$	24
Interest rate reduction	-		-		-	-		-		-
Term-out line of credit	1		180		180	1		20		20
Combination of concessions	-		-		-	-		-		-
Residential Real Estate & Construction:
Extension of maturity	-		-		-	1		95		95
Commercial Real Estate & Construction	-		-		-	-		-		-
Extension of maturity	3		5,073		5,073	-		-		-
Home Equities	-		-		-	-		-		-
Consumer and other loans	-		-		-	-		-		-