Loans And The Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 31, 2017

Loans And The Allowance For Loan Losses [Abstract]


	December 31, 2017		December 31, 2016
Mortgage loans on real estate:	(in thousands)
Residential mortgages	$	131,208	$	118,542
Commercial and multi-family		519,902		462,385
Construction-Residential		2,134		2,540
Construction-Commercial		107,274		93,240
Home equities		69,745		66,234
Total real estate loans		830,263		742,941

Commercial and industrial loans		232,211		197,371
Consumer and other loans		1,654		1,417
Net deferred loan origination costs		1,187		783
Total gross loans		1,065,315		942,512

Allowance for loan losses		(14,019)		(13,916)

Loans, net	$	1,051,296	$	928,596

Changes In The Allowance For Loan Losses




	2017		2016		2015
	(in thousands)
Balance, beginning of year	$	13,916	$	12,883	$	12,533
Provisions for loan losses		738		1,209		1,216
Recoveries		350		231		181
Charge-offs		(985)		(407)		(1,047)
Balance, end of year	$	14,019	$	13,916	$	12,883

Schedule Of Allowance For Loan Losses According To Portfolio Segment




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		(791)		(127)		(66)		-		(1)		(985)
Recoveries		323		-		24		-		3		350
Provision (Credit)		859		(354)		55		181		(3)		738
Ending balance	$	5,204	$	7,409	$	109	$	950	$	347	$	14,019

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	372	$	643	$	34	$	28	$	-	$	1,077
Collectively evaluated
for impairment		4,832		6,766		75		922		347		12,942
Total	$	5,204	$	7,409	$	109	$	950	$	347	$	14,019

Loans:
Ending balance:
Individually evaluated
for impairment	$	2,263	$	9,212	$	34	$	2,611	$	1,785	$	15,905
Collectively evaluated
for impairment		229,948		617,964		1,620		130,731		67,960		1,048,223
Total	$	232,211	$	627,176	$	1,654	$	133,342	$	69,745	$	1,064,128

Note: Loan balances do not include $1.2 million in net deferred loan origination costs as of December 31, 2017.

* includes construction loans




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		(360)		-		(47)		-		-		(407)
Recoveries		151		59		16		2		3		231
Provision (Credit)		639		696		42		(142)		(26)		1,209
Ending balance	$	4,813	$	7,890	$	96	$	769	$	348	$	13,916

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	492	$	1,471	$	43	$	1	$	20	$	2,027
Collectively evaluated
for impairment		4,321		6,419		53		768		328		11,889
Total	$	4,813	$	7,890	$	96	$	769	$	348	$	13,916

Loans:
Ending balance:
Individually evaluated
for impairment	$	3,148	$	7,613	$	43	$	2,584	$	1,753	$	15,141
Collectively evaluated
for impairment		194,223		548,012		1,374		118,498		64,481		926,588
Total	$	197,371	$	555,625	$	1,417	$	121,082	$	66,234	$	941,729

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

* includes construction loans

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



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	$	83,203	$	418,819	$	502,022	$	158,181
4		24,071		87,746		111,817		57,827
5		-		4,106		4,106		13,247
6		-		9,231		9,231		2,134
7/8		-		-		-		822
Total	$	107,274	$	519,902	$	627,176	$	232,211



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



2017
(in thousands)

		Current							Non-accruing		Total
		Balance	30-59 days		60-89 days		90+ days		Loans		Balance

Commercial and industrial	$	225,915	$	4,019	$	163	$	365	$	1,749	$	232,211
Residential real estate:
Residential		129,251		731		-		-		1,226		131,208
Construction		2,134		-		-		-		-		2,134
Commercial real estate:
Commercial		508,044		2,611		-		309		8,938		519,902
Construction		102,109		3,239		1,926		-		-		107,274
Home equities		68,415		171		40		-		1,119		69,745
Consumer and other		1,628		11		6		-		9		1,654
Total Loans	$	1,037,496	$	10,782	$	2,135	$	674	$	13,041	$	1,064,128



2016
(in thousands)

		Current							Non-accruing		Total
		Balance	30-59 days		60-89 days		90+ days		Loans		Balance

Commercial and industrial	$	184,872	$	6,567	$	2,826	$	-	$	3,106	$	197,371
Residential real estate:
Residential		116,876		751		53		-		862		118,542
Construction		2,540		-		-		-		-		2,540
Commercial real estate:
Commercial		452,187		6,319		1,522		483		1,874		462,385
Construction		88,566		257		-		239		4,178		93,240
Home equities		64,868		105		-		-		1,261		66,234
Consumer and other		1,387		3		10		-		17		1,417
Total Loans	$	911,296	$	14,002	$	4,411	$	722	$	11,298	$	941,729

Data, At Class Level, Of Impaired Loans




			At December 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	$		1,023		$		1,917		$		-		$		1,704		$		92		$		28
Residential real estate:
Residential			2,415				2,594				-				2,456				46				83
Construction			-				-				-				-				-				-
Commercial real estate:
Commercial			2,336				2,469				-				2,449				134				32
Construction			187				187				-				218				-				13
Home equities			1,785				1,892				-				1,828				62				33
Consumer and other			-				-				-				-				-				-
Total impaired loans	$		7,746		$		9,059		$		-		$		8,655		$		334		$		189




			At December 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	$		1,240		$		1,431		$		372		$		1,279		$		79		$		12
Residential real estate:
Residential			196				196				28				196				6				3
Construction			-				-				-				-				-				-
Commercial real estate:
Commercial			6,689				6,819				643				6,755				156				129
Construction			-				-				-				-				-				-
Home equities			-				-				-				-				-				-
Consumer and other			34				59				34				37				3				2
Total impaired loans	$		8,159		$		8,505		$		1,077		$		8,267		$		244		$		146




			At December 31, 2017
			Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Foregone				Interest Income Recognized
Total:			(in thousands)
Commercial and industrial	$		2,263		$		3,348		$		372		$		2,983		$		171		$		40
Residential real estate:
Residential			2,611				2,790				28				2,652				52				86
Construction			-				-				-				-				-				-
Commercial real estate:
Commercial			9,025				9,288				643				9,204				290				161
Construction			187				187				-				218				-				13
Home equities			1,785				1,892				-				1,828				62				33
Consumer and other			34				59				34				37				3				2
Total impaired loans	$		15,905		$		17,564		$		1,077		$		16,922		$		578		$		335




				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



		December 31, 2017
		(in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	734	$	220	$	514	$	8
Residential real estate:
Residential		1,656		271		1,385		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi-family		3,854		3,767		87		236
Construction		187		-		187		-
Home equities		794		128		666		-
Consumer and other		25		-		25		24
Total TDR loans	$	7,250	$	4,386	$	2,864	$	268



		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 TDR loans	$	5,090	$	1,247	$	3,843	$	174

TDR Activity By Type Of Concession Granted To Borrower



	Year ended December 31, 2017					Year ended December 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:
Deferral of principal	1	$	874	$	874	-	$	-	$	-
Extension of maturity	-		-		-	2		121		121
Term-out line of credit	1		180		180	1		20		20
Residential Real Estate & Construction:
Extension of maturity	2		254		272	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	-		-		-	-		-		-
Deferral of principal	1		175		175	-		-		-
Extension of maturity and
interest rate reduction	1		20		20	-		-		-
Consumer and other loans	-		-		-	-		-		-

Loans Classified As TDRs Subsequently Defaulted


	Year ended December 31, 2017			Year ended December 31, 2016
	(Recorded Investment in thousands)			(Recorded Investment in thousands)

Troubled Debt Restructurings	Number of	Recorded		Number of	Recorded
That Subsequently Defaulted	Contracts	Investment		Contracts	Investment
Commercial and industrial	1	$	107	-	$	-
Residential real estate	1		151	-		-
Commercial real estate	-		-	-		-
Home equities	-		-	-		-
Consumer and other loans	-		-	-		-