Loans (Tables)

3 Months Ended

Mar. 31, 2023

Loans

Classification of Loans By Class

The following table sets forth the classification of loans by class, including unearned fees, deferred costs and excluding the allowance for loan losses as of March 31, 2023 and December 31, 2022:

(In thousands)	March 31, 2023		December 31, 2022
SBA loans held for investment	$	39,370	$	38,468
SBA PPP loans		2,545		5,908
Commercial loans
SBA 504 loans		34,678		35,077
Commercial other		117,428		117,566
Commercial real estate		907,260		903,126
Commercial real estate construction		146,276		131,774
Residential mortgage loans		619,140		605,091
Consumer loans
Home equity		68,071		68,310
Consumer other		8,713		9,854
Residential construction loans		164,124		163,457
Total loans held for investment	$	2,107,605	$	2,078,631
SBA loans held for sale		23,314		27,928
Total loans	$	2,130,919	$	2,106,559

Aging Analysis of Past Due And Nonaccrual Loans by Loan Class

The following tables set forth an aging analysis of past due and nonaccrual loans as of March 31, 2023 and December 31, 2022:

	March 31, 2023
					90+ days
	30‑59 days		60‑89 days		and still				Total past
(In thousands)	past due		past due		accruing		Nonaccrual		due		Current		Total loans
SBA loans held for investment	$	—	$	—	$	—	$	4,325	$	4,325	$	35,045	$	39,370
Commercial loans
SBA 504 loans		—		—		—		—		—		34,678		34,678
Commercial other		—		1,675		—		975		2,650		114,778		117,428
Commercial real estate		—		—		—		169		169		907,091		907,260
Commercial real estate construction		—		—		—		—		—		146,276		146,276
Residential mortgage loans		2,800		—		—		5,565		8,365		610,775		619,140
Consumer loans
Home equity		697		—		—		—		697		67,374		68,071
Consumer other		50		—		—		—		50		8,663		8,713
Residential construction loans		—		—		—		3,473		3,473		160,651		164,124
Total loans held for investment, excluding SBA PPP		3,547		1,675		—		14,507		19,729		2,085,331		2,105,060
SBA loans held for sale		—		—		—		—		—		23,314		23,314
Total loans, excluding SBA PPP	$	3,547	$	1,675	$	—	$	14,507	$	19,729	$	2,108,645	$	2,128,374

	December 31, 2022
					90+ days
	30‑59 days		60‑89 days		and still				Total past
(In thousands)	past due		past due		accruing		Nonaccrual		due		Current		Total loans
SBA loans held for investment	$	—	$	576	$	—	$	690	$	1,266	$	37,202	$	38,468
Commercial loans
SBA 504 loans		—		—		—		—		—		35,077		35,077
Commercial other		198		300		—		777		1,275		116,291		117,566
Commercial real estate		22		188		—		805		1,015		902,111		903,126
Commercial real estate construction		—		—		—		—		—		131,774		131,774
Residential mortgage loans		—		982		—		3,361		4,343		600,748		605,091
Consumer loans
Home equity		—		—		—		—		—		68,310		68,310
Consumer other		18		7		—		—		25		9,829		9,854
Residential construction loans		—		—		—		3,432		3,432		160,025		163,457
Total loans held for investment, excluding SBA PPP		238		2,053		—		9,065		11,356		2,061,367		2,072,723
SBA loans held for sale		2,195		—		—		—		2,195		25,733		27,928
Total loans, excluding SBA PPP	$	2,433	$	2,053	$	—	$	9,065	$	13,551	$	2,087,100	$	2,100,651

Schedule of Loan Classification Risk by Loan Portfolio Classification by Origination Year

	Term Loans
	Amortized Cost Basis by Origination Year
(In thousands)			2023		2022		2021		2020		2019		2018 and Earlier		Revolving Loans Amortized Cost Basis		Total
SBA loans held for investment
Risk Rating:
Pass		$	58	$	7,186	$	5,017	$	6,289	$	2,970	$	12,006	$	-	$	33,526
Special Mention			-		-		-		702		-		745		-		1,447
Substandard			-		1,361		2,240		-		-		796		-		4,397
Total SBA loans held for investment		$	58	$	8,547	$	7,257	$	6,991	$	2,970	$	13,547	$	-	$	39,370
SBA loans held for investment
Current-period gross writeoffs		$	-	$	-	$	-	$	-	$	113	$	-	$	-	$	113
SBA PPP loans
Risk Rating:
Pass		$	-	$	-	$	2,545	$	-	$	-	$	-	$	-	$	2,545
Special Mention			-		-		-		-		-		-		-		-
Substandard			-		-		-		-		-		-		-		-
Total SBA PPP loans		$	-	$	-	$	2,545	$	-	$	-	$	-	$	-	$	2,545
Commercial loans
Risk Rating:
Pass		$	30,004	$	343,451	$	189,080	$	141,544	$	104,763	$	298,849	$	78,084	$	1,185,775
Special Mention			-		90		2,103		-		2,269		12,041		396		16,899
Substandard			-		-		-		20		-		2,648		300		2,968
Total commercial loans		$	30,004	$	343,541	$	191,183	$	141,564	$	107,032	$	313,538	$	78,780	$	1,205,642
Residential mortgage loans
Risk Rating:
Performing		$	40,533	$	274,612	$	80,711	$	56,606	$	34,653	$	126,460	$	-	$	613,575
Nonperforming			-		307		550		904		1,355		2,449		-		5,565
Total residential mortgage loans		$	40,533	$	274,919	$	81,261	$	57,510	$	36,008	$	128,909	$	-	$	619,140
Consumer loans
Risk Rating:
Performing		$	3,089	$	5,725	$	6,188	$	749	$	3,607	$	8,682	$	48,744	$	76,784
Nonperforming			-		-		-		-		-		-		-		-
Total consumer loans		$	3,089	$	5,725	$	6,188	$	749	$	3,607	$	8,682	$	48,744	$	76,784
Consumer loans
Current-period gross writeoffs		$	-	$	22	$	98	$	-	$	-	$	-	$	-	$	120
Residential construction
Risk Rating:
Performing		$	4,670	$	87,778	$	50,623	$	12,672	$	3,676	$	1,232	$	-	$	160,651
Nonperforming			-		-		257		-		-		1,781		1,435		3,473
Total residential construction loans		$	4,670	$	87,778	$	50,880	$	12,672	$	3,676	$	3,013	$	1,435	$	164,124
Total loans held for investment		$	78,354	$	720,510	$	339,314	$	219,486	$	153,293	$	467,689	$	128,959	$	2,107,605

Schedule of Disaggregated by class of gross loans and type of concession granted

	Term Extension
		Amortized Cost Basis	% of Total Class of
		at 3/31/2023	Gross Loans
Commercial	$	743	0.06	%