Loans And The Allowance For Loan Losses (Tables)

9 Months Ended

Sep. 30, 2017

Loans And The Allowance For Loan Losses [Abstract]




	September 30, 2017		December 31, 2016
Mortgage loans on real estate:	(in thousands)
Residential mortgages	$	125,946	$	118,542
Commercial and multi-family		492,692		462,385
Construction-Residential		1,850		2,540
Construction-Commercial		100,446		93,240
Home equities		67,343		66,234
Total real estate loans		788,277		742,941

Commercial and industrial loans		207,110		197,371
Consumer and other loans		1,521		1,417
Net deferred loan origination costs		1,097		783
Total gross loans		998,005		942,512

Allowance for loan losses		(14,182)		(13,916)

Loans, net	$	983,823	$	928,596

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




September 30, 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	$	74,627	$	374,371	$	448,998	$	133,588
4		25,819		94,204		120,023		59,199
5		-		10,417		10,417		8,122
6		-		13,700		13,700		4,572
7		-		-		-		1,629
Total	$	100,446	$	492,692	$	593,138	$	207,110




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



September 30, 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	$	3,491	$	912	$	2,012	$	6,415	$	200,695	$	207,110	$	1	$	2,363
Residential real estate:
Residential		829		105		825		1,759		124,187		125,946		-		1,146
Construction		-		-		-		-		1,850		1,850		-		-
Commercial real estate:
Commercial		168		2,301		1,488		3,957		488,735		492,692		-		8,788
Construction		6,929		452		-		7,381		93,065		100,446		-		-
Home equities		538		381		570		1,489		65,854		67,343		-		1,081
Consumer and other		7		12		10		29		1,492		1,521		-		10
Total Loans	$	11,962	$	4,163	$	4,905	$	21,030	$	975,878	$	996,908	$	1	$	13,388

Note: Loan balances do not include $1.1 million in net deferred loan origination costs as of September 30, 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

The following tables present the activity in the allowance for loan losses according to portfolio segment for the nine month periods ended September 30, 2017 and 2016:




September 30, 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		(51)		(127)		(50)		-		(1)		(229)
Recoveries		335		-		22		-		2		359
Provision (Credit)		(74)		21		41		143		5		136
Ending balance	$	5,023	$	7,784	$	109	$	912	$	354	$	14,182

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	808	$	877	$	35	$	17	$	-	$	1,737
Collectively evaluated
for impairment		4,215		6,907		74		895		354		12,445
Total	$	5,023	$	7,784	$	109	$	912	$	354	$	14,182

Loans:
Ending balance:
Individually evaluated
for impairment	$	2,898	$	13,693	$	35	$	2,545	$	1,577	$	20,748
Collectively evaluated
for impairment		204,212		579,445		1,486		125,251		65,766		976,160
Total	$	207,110	$	593,138	$	1,521	$	127,796	$	67,343	$	996,908

* Includes construction loans

Note: Loan balances do not include $1.1 million in net deferred loan origination costs as of September 30, 2017.




September 30, 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		(122)		-		(36)		-		-		(158)
Recoveries		78		59		11		-		1		149
Provision (Credit)		571		538		47		(322)		4		838
Ending balance	$	4,910	$	7,732	$	107	$	587	$	376	$	13,712

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	720	$	1,109	$	46	$	3	$	11	$	1,889
Collectively evaluated
for impairment		4,190		6,623		61		584		365		11,823
Total	$	4,910	$	7,732	$	107	$	587	$	376	$	13,712

Loans:
Ending balance:
Individually evaluated
for impairment	$	6,408	$	7,663	$	46	$	2,602	$	1,583	$	18,302
Collectively evaluated
for impairment		181,032		538,466		1,485		110,297		62,555		893,835
Total	$	187,440	$	546,129	$	1,531	$	112,899	$	64,138	$	912,137

* Includes construction loans

Note: Loan balances do not include $715 thousand in net deferred loan origination costs as of September 30, 2016.

The following tables present the activity in the allowance for loan losses according to portfolio segment for the three month periods ended September 30, 2017 and 2016:



September 30, 2017
($ in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer and Other		Residential Mortgages*		Home Equities		Total
Allowance for loan
losses:
Beginning balance	$	4,970	$	7,899	$	104	$	832	$	373	$	14,178
Charge-offs		(18)		(127)		(17)		-		(1)		(163)
Recoveries		4		-		1		-		1		6
Provision (Credit)		67		12		21		80		(19)		161
Ending balance	$	5,023	$	7,784	$	109	$	912	$	354	$	14,182



September 30, 2016
($ in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer and Other		Residential Mortgages*		Home Equities		Total
Allowance for loan
losses:
Beginning balance	$	4,195	$	7,308	$	101	$	763	$	406	$	12,773
Charge-offs		(89)		-		(13)		-		-		(102)
Recoveries		23		8		4		-		-		35
Provision (Credit)		781		416		15		(176)		(30)		1,006
Ending balance	$	4,910	$	7,732	$	107	$	587	$	376	$	13,712

*Includes construction loans

Data, At Class Level, Of Impaired Loans



		At September 30, 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	$	751	$	876	$	-	$	822	$	33	$	6
Residential real estate:
Residential		2,447		2,607		-		2,472		33		63
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		1,968		2,086		-		2,078		98		15
Construction		197		197		-		226		-		11
Home equities		1,577		1,677		-		1,613		48		16
Consumer and other		-		-		-		-		-		-
Total impaired loans	$	6,940	$	7,443	$	-	$	7,211	$	212	$	111


		At September 30, 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	$	2,147	$	2,374	$	808	$	2,192	$	101	$	16
Residential real estate:
Residential		98		98		17		98		3		1
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		11,528		11,586		877		11,612		85		366
Construction		-		-		-		-		-		-
Home equities		-		-		-		-		-		-
Consumer and other		35		60		35		38		2		1
Total impaired loans	$	13,808	$	14,118	$	1,737	$	13,940	$	191	$	384


		At September 30, 2017
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	2,898	$	3,250	$	808	$	3,014	$	134	$	22
Residential real estate:
Residential		2,545		2,705		17		2,570		36		64
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		13,496		13,672		877		13,690		183		381
Construction		197		197		-		226		-		11
Home equities		1,577		1,677		-		1,613		48		16
Consumer and other		35		60		35		38		2		1
Total impaired loans	$	20,748	$	21,561	$	1,737	$	21,151	$	403	$	495



		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

Loans Classified As Troubled Debt Restructurings



		September 30, 2017
		(in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	1,525	$	990	$	535	$	433
Residential real estate:
Residential		1,664		265		1,399		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi-family		8,623		3,915		4,708		368
Construction		197		-		197		-
Home equities		625		129		496		-
Consumer and other		25		-		25		25
Total troubled restructured loans	$	12,659	$	5,299	$	7,360	$	826



		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		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 September 30, 2017					Three months ended September 30, 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:
Deferral of principal	1	$	874	$	874	-	$	-	$	-
Residential Real Estate & Construction:
Extension of maturity	1		133		151	-		-		-
Extension of maturity and
interest rate reduction	-		-		-	1		109		109
Commercial Real Estate & Construction:
Combination of concessions	1		4,179		3,397	-		-		-
Home Equities	-		-		-	-		-		-
Consumer and other loans	-		-		-	-		-		-



	Nine months ended September 30, 2017					Nine months ended September 30, 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:
Deferral of principal	1	$	874	$	874	-	$	-	$	-
Extension of maturity	-		-		-	1		24		24
Term-out line of credit	1		180		180	1		20		20
Residential Real Estate & Construction:
Extension of maturity	1		133		151	1		95		95
Extension of maturity and
interest rate reduction	-		-		-	1		109		109
Commercial Real Estate & Construction:
Extension of maturity	3		5,073		5,073	-		-		-
Combination of concessions	1		4,179		3,397	-		-		-
Home Equities:
Extension of maturity and
interest rate reduction	1		20		20	-		-		-
Consumer and other loans	-		-		-	-		-		-