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Loans And The Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2020
Loans And The Allowance For Loan Losses [Abstract]  
Schedule Of Loan Portfolio Composition

June 30, 2020

December 31, 2019

Mortgage loans on real estate:

(in thousands)

Residential mortgages

$

364,710 

$

158,572 

Commercial and multi-family

697,596 

645,036 

Construction-Residential

154 

1,067 

Construction-Commercial

101,991 

97,848 

Home equities

84,757 

69,351 

Total real estate loans

1,249,208 

971,874 

Commercial and industrial loans

439,689 

251,197 

Consumer and other loans

3,612 

1,926 

Unaccreted yield adjustments*

(6,748)

1,534 

Total gross loans

1,685,761 

1,226,531 

Allowance for loan losses

(18,754)

(15,175)

Loans, net

$

1,667,007 

$

1,211,356 

* Includes net premiums and discounts on acquired loans and net deferred fees and costs on loans originated
Data, At Class Level, Of Credit Quality Indicators Of Certain Loans

June 30, 2020

(in thousands)

Corporate Credit Exposure – By Credit Rating

Commercial Real Estate Construction

Commercial and Multi-Family Mortgages

Total Commercial Real Estate

Commercial and Industrial

Acceptable or better

$

60,145 

$

322,501 

$

382,646 

$

341,667 

Watch

31,324 

335,492 

366,816 

76,693 

Special Mention

8,316 

20,939 

29,255 

11,100 

Substandard

2,206 

18,664 

20,870 

10,229 

Doubtful/Loss

-

-

-

-

Total

$

101,991 

$

697,596 

$

799,587 

$

439,689 

December 31, 2019

(in thousands)

Corporate Credit Exposure – By Credit Rating

Commercial Real Estate Construction

Commercial and Multi-Family Mortgages

Total Commercial Real Estate

Commercial and Industrial

Acceptable or better

$

73,646 

$

451,297 

$

524,943 

$

165,255 

Watch

13,380 

171,277 

184,657 

68,665 

Special Mention

8,359 

15,725 

24,084 

7,631 

Substandard

2,463 

6,737 

9,200 

9,646 

Doubtful/Loss

-

-

-

-

Total

$

97,848 

$

645,036 

$

742,884 

$

251,197 


‎

Recorded Investment In Loans Past Due

June 30, 2020

(in thousands)

Current

Non-accruing

Total

Balance

30-59 days

60-89 days

90+ days

Loans

Balance

Commercial and industrial

$

433,264 

$

87 

$

212 

$

63 

$

6,063 

$

439,689 

Residential real estate:

Residential

361,769 

34 

304 

46 

2,557 

364,710 

Construction

154 

-

-

-

-

154 

Commercial real estate:

Commercial

687,317 

-

1,436 

-

8,843 

697,596 

Construction

100,673 

-

-

-

1,318 

101,991 

Home equities

83,417 

247 

266 

-

827 

84,757 

Consumer and other

3,606 

4 

2 

-

-

3,612 

Total Loans

$

1,670,200 

$

372 

$

2,220 

$

109 

$

19,608 

$

1,692,509 

Note: Loan balances do not include $(6.7) million of unaccreted yield adjustments as of June 30, 2020.

December 31, 2019

(in thousands)

Current

Non-accruing

Total

Balance

30-59 days

60-89 days

90+ days

Loans

Balance

Commercial and industrial

$

245,658 

$

705 

$

-

$

-

$

4,834 

$

251,197 

Residential real estate:

Residential

153,630 

2,616 

888 

-

1,438 

158,572 

Construction

865 

-

202 

-

-

1,067 

Commercial real estate:

Commercial

630,016 

3,482 

5,879 

-

5,659 

645,036 

Construction

92,667 

2,886 

720 

-

1,575 

97,848 

Home equities

67,868 

354 

239 

-

890 

69,351 

Consumer and other

1,907 

15 

4 

-

-

1,926 

Total Loans

$

1,192,611 

$

10,058 

$

7,932 

$

-

$

14,396 

$

1,224,997 

Note: Loan balances do not include $1.5 million of unamortized yield adjustments as of December 31, 2019.
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 six month periods ended June 30, 2020 and 2019:

June 30, 2020

(in thousands)

Commercial and Industrial

Commercial Real Estate Mortgages*

Consumer and Other

Residential Mortgages*

Home Equities

Total

Allowance for loan

losses:

Beginning balance

$

4,547 

$

9,005 

$

155 

$

1,071 

$

397 

$

15,175 

Charge-offs

(19)

-

(30)

(29)

(4)

(82)

Recoveries

36 

11 

18 

-

-

65 

Provision (Credit)

696 

2,609 

90 

105 

96 

3,596 

Ending balance

$

5,260 

$

11,625 

$

233 

$

1,147 

$

489 

$

18,754 

Allowance for loan

losses:

Ending balance:

Loans acquired with deteriorated

credit quality

$

-

$

-

$

-

$

-

$

-

$

-

Individually evaluated

for impairment

925 

5 

-

-

-

930 

Collectively evaluated

for impairment

4,335 

11,620 

233 

1,147 

489 

17,824 

Total

$

5,260 

$

11,625 

$

233 

$

1,147 

$

489 

$

18,754 

Loans:

Ending balance:

Loans acquired with deteriorated

credit quality

$

77 

$

-

$

-

$

876 

$

-

$

953 

Individually evaluated

for impairment

6,210 

10,675 

-

2,853 

1,280 

21,018 

Collectively evaluated

for impairment

433,402 

788,912 

3,612 

361,135 

83,477 

1,670,538 

Total

$

439,689 

$

799,587 

$

3,612 

$

364,864 

$

84,757 

$

1,692,509 

* Includes construction loans

Note: Loan balances do not include $(6.7) million of unaccreted yield adjustments as of June 30, 2020.


‎

June 30, 2019

(in thousands)

Commercial and Industrial

Commercial Real Estate Mortgages*

Consumer and Other

Residential Mortgages*

Home Equities

Total

Allowance for loan

losses:

Beginning balance

$

4,368 

$

8,844 

$

106 

$

1,121 

$

345 

$

14,784 

Charge-offs

(158)

-

(54)

-

-

(212)

Recoveries

39 

-

9 

-

-

48 

Provision (Credit)

1,023 

(207)

69 

(238)

(19)

628 

Ending balance

$

5,272 

$

8,637 

$

130 

$

883 

$

326 

$

15,248 

Allowance for loan

losses:

Ending balance:

Individually evaluated

for impairment

$

374 

$

66 

$

22 

$

35 

$

-

$

497 

Collectively evaluated

for impairment

4,898 

8,571 

108 

848 

326 

14,751 

Total

$

5,272 

$

8,637 

$

130 

$

883 

$

326 

$

15,248 

Loans:

Ending balance:

Individually evaluated

for impairment

$

4,206 

$

6,557 

$

22 

$

2,993 

$

1,635 

$

15,413 

Collectively evaluated

for impairment

263,299 

704,792 

1,505 

156,936 

69,116 

1,195,648 

Total

$

267,505 

$

711,349 

$

1,527 

$

159,929 

$

70,751 

$

1,211,061 

* Includes construction loans

Note: Loan balances do not include $1.6 million of unamortized yield adjustments as of June 30, 2019.


‎

The following tables present the activity in the allowance for loan losses according to portfolio segment for the three month periods ended June 30, 2020 and 2019.

June 30, 2020

Commercial and Industrial

Commercial Real Estate Mortgages*

Consumer and Other

Residential Mortgages*

Home Equities

Total

Allowance for loan

(in thousands)

losses:

Beginning balance

$

5,575 

$

10,588 

$

91 

$

1,418 

$

485 

$

18,157 

Charge-offs

(2)

-

(15)

-

-

(17)

Recoveries

4 

11 

2 

-

-

17 

Provision (Credit)

(317)

1,026 

155 

(271)

4 

597 

Ending balance

$

5,260 

$

11,625 

$

233 

$

1,147 

$

489 

$

18,754 

June 30, 2019

Commercial and Industrial

Commercial Real Estate Mortgages*

Consumer and Other

Residential Mortgages*

Home Equities

Total

Allowance for loan

(in thousands)

losses:

Beginning balance

$

4,754 

$

9,049 

$

111 

$

953 

$

340 

$

15,207 

Charge-offs

(37)

-

(31)

-

-

(68)

Recoveries

17 

-

2 

-

-

19 

Provision (Credit)

538 

(412)

48 

(70)

(14)

90 

Ending balance

$

5,272 

$

8,637 

$

130 

$

883 

$

326 

$

15,248 

* Includes construction loans
Data, At Class Level, Of Impaired Loans

At June 30, 2020

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

$

1,862 

$

2,090 

$

-

$

2,450 

$

71 

$

8 

Residential real estate:

Residential

3,635 

4,066 

-

3,713 

41 

30 

Construction

-

-

-

-

-

-

Commercial real estate:

Commercial

8,924 

9,429 

-

9,101 

176 

42 

Construction

1,318 

1,352 

-

1,331 

27 

-

Home equities

1,280 

1,496 

-

1,347 

25 

11 

Consumer and other

-

-

-

-

-

-

Total impaired loans

$

17,019 

$

18,433 

$

-

$

17,942 

$

340 

$

91 

At June 30, 2020

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

$

4,375 

$

4,487 

$

925 

$

4,489 

$

121 

$

2 

Residential real estate:

Residential

-

-

-

-

-

-

Construction

-

-

-

-

-

-

Commercial real estate:

Commercial

433 

443 

5 

436 

11 

-

Construction

-

-

-

-

-

-

Home equities

-

-

-

-

-

-

Consumer and other

-

-

-

-

-

-

Total impaired loans

$

4,808 

$

4,930 

$

930 

$

4,925 

$

132 

$

2 


‎

At June 30, 2020

Recorded Investment

Unpaid Principal Balance

Related Allowance

Average Recorded Investment

Interest Income Foregone

Interest Income Recognized

Total:

(in thousands)

Commercial and industrial

$

6,237 

$

6,577 

$

925 

$

6,939 

$

192 

$

10 

Residential real estate:

Residential

3,635 

4,066 

-

3,713 

41 

30 

Construction

-

-

-

-

-

-

Commercial real estate:

Commercial

9,357 

9,872 

5 

9,537 

187 

42 

Construction

1,318 

1,352 

-

1,331 

27 

-

Home equities

1,280 

1,496 

-

1,347 

25 

11 

Consumer and other

-

-

-

-

-

-

Total impaired loans

$

21,827 

$

23,363 

$

930 

$

22,867 

$

472 

$

93 

At December 31, 2019

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

$

3,798 

$

4,112 

$

-

$

4,046 

$

118 

$

143 

Residential real estate:

Residential

2,744 

3,003 

-

2,823 

73 

63 

Construction

-

-

-

-

-

-

Commercial real estate:

Commercial

6,019 

6,521 

-

6,293 

225 

72 

Construction

1,335 

1,352 

-

1,344 

23 

50 

Home equities

1,453 

1,687 

-

1,525 

64 

30 

Consumer and other

-

-

-

-

-

-

Total impaired loans

$

15,349 

$

16,675 

$

-

$

16,031 

$

503 

$

358 


‎

At December 31, 2019

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

$

2,760 

$

2,808 

$

442 

$

2,764 

$

109 

$

63 

Residential real estate:

Residential

60 

62 

5 

61 

3 

1 

Construction

-

-

-

-

-

-

Commercial real estate:

Commercial

197 

197 

4 

197 

8 

4 

Construction

240 

246 

5 

242 

8 

9 

Home equities

-

-

-

-

-

-

Consumer and other

21 

23 

21 

22 

-

1 

Total impaired loans

$

3,278 

$

3,336 

$

477 

$

3,286 

$

128 

$

78 

At December 31, 2019

Recorded Investment

Unpaid Principal Balance

Related Allowance

Average Recorded Investment

Interest Income Foregone

Interest Income Recognized

Total:

(in thousands)

Commercial and industrial

$

6,558 

$

6,920 

$

442 

$

6,810 

$

227 

$

206 

Residential real estate:

Residential

2,804 

3,065 

5 

2,884 

76 

64 

Construction

-

-

-

-

-

-

Commercial real estate:

Commercial

6,216 

6,718 

4 

6,490 

233 

76 

Construction

1,575 

1,598 

5 

1,586 

31 

59 

Home equities

1,453 

1,687 

-

1,525 

64 

30 

Consumer and other

21 

23 

21 

22 

-

1 

Total impaired loans

$

18,627 

$

20,011 

$

477 

$

19,317 

$

631 

$

436 
Loans Classified As Troubled Debt Restructurings

June 30, 2020

(in thousands)

Total

Nonaccruing

Accruing

Related Allowance

Commercial and industrial

$

1,919 

$

1,696 

$

223 

$

400 

Residential real estate:

Residential

1,667 

496 

1,171 

-

Construction

-

-

-

-

Commercial real estate:

Commercial and multi-family

3,530 

3,016 

514 

-

Construction

-

-

-

-

Home equities

587 

134 

453 

-

Consumer and other

-

-

-

-

Total TDR loans

$

7,703 

$

5,342 

$

2,361 

$

400 

December 31, 2019

(in thousands)

Total

Nonaccruing

Accruing

Related Allowance

Commercial and industrial

$

2,052 

$

328 

$

1,724 

$

26 

Residential real estate:

Residential

1,815 

449 

1,366 

-

Construction

-

-

-

-

Commercial real estate:

Commercial and multi-family

3,632 

3,075 

557 

-

Construction

-

-

-

-

Home equities

738 

175 

563 

-

Consumer and other

21 

-

21 

21 

Total TDR loans

$

8,258 

$

4,027 

$

4,231 

$

47 
TDR Activity By Type Of Concession Granted To Borrower

Three months ended June 30, 2020

Three months ended June 30, 2019

(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

-

$

-

$

-

-

$

-

$

-

Residential Real Estate & Construction

-

-

-

-

-

-

Commercial Real Estate & Construction

-

-

-

-

-

-

Home Equities:

Extension of maturity and

interest rate reduction

-

-

-

1 

171 

171 

Consumer and other loans

-

-

-

-

-

-

Other

-

-

-

-

-

-


‎

Six months ended June 30, 2020

Six months ended June 30, 2019

(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

-

$

-

$

-

-

$

-

$

-

Residential Real Estate & Construction:

Combination of concessions

1 

56 

56 

-

-

-

Commercial Real Estate & Construction

-

-

-

-

-

-

Home Equities:

Extension of maturity and

interest rate reduction

-

-

-

2 

280 

280 

Consumer and other loans

-

-

-

-

-

-