LOANS (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| LOANS [Abstract] |
|
| Portfolio Loans |
Portfolio loans were as follows at year end (dollars in thousands):
| |
|
2022
|
|
|
2021
|
|
|
Commercial and industrial
|
|
|
|
|
|
|
|
Commercial and industrial, excluding PPP
|
|
$
|
441,716
|
|
|
$
|
378,318
|
|
|
PPP
|
|
|
—
|
|
|
|
41,939
|
|
|
Total commercial and industrial
|
|
|
441,716
|
|
|
|
420,257
|
|
| |
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
Residential developed
|
|
|
7,234
|
|
|
|
4,862
|
|
|
Unsecured to residential developers
|
|
|
— |
|
|
|
5,000 |
|
|
Vacant and unimproved
|
|
|
36,270
|
|
|
|
36,240
|
|
|
Commercial development
|
|
|
103
|
|
|
|
171
|
|
|
Residential improved
|
|
|
112,791
|
|
|
|
100,077
|
|
|
Commercial improved
|
|
|
259,281
|
|
|
|
259,039
|
|
|
Manufacturing and industrial
|
|
|
121,924
|
|
|
|
110,712
|
|
|
Total commercial real estate
|
|
|
537,603
|
|
|
|
516,101
|
|
| |
|
|
|
|
|
|
|
|
|
Consumer
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
139,148
|
|
|
|
117,800
|
|
|
Unsecured
|
|
|
121
|
|
|
|
210
|
|
|
Home equity
|
|
|
56,321
|
|
|
|
51,269
|
|
|
Other secured
|
|
|
2,839
|
|
|
|
3,356
|
|
|
Total consumer
|
|
|
198,429
|
|
|
|
172,635
|
|
| |
|
|
|
|
|
|
|
|
|
Total loans
|
|
|
1,177,748
|
|
|
|
1,108,993
|
|
|
Allowance for loan losses
|
|
|
(15,285
|
)
|
|
|
(15,889
|
)
|
| |
|
$
|
1,162,463
|
|
|
$
|
1,093,104
|
|
|
| Activity in Allowance for Loan Losses by Portfolio Segment |
The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2022 and 2021 (dollars in
thousands):
|
2022
|
|
Commercial
and
Industrial
|
|
|
Commercial
Real Estate
|
|
|
Consumer
|
|
|
Unallocated
|
|
|
Total
|
|
|
Beginning balance
|
|
$
|
5,176
|
|
|
$
|
8,051
|
|
|
$
|
2,633
|
|
|
$
|
29
|
|
|
$
|
15,889
|
|
|
Charge-offs
|
|
|
(38
|
)
|
|
|
—
|
|
|
|
(126
|
)
|
|
|
—
|
|
|
|
(164
|
)
|
|
Recoveries
|
|
|
191
|
|
|
|
300
|
|
|
|
194
|
|
|
|
—
|
|
|
|
685
|
|
|
Provision for loan losses
|
|
|
267
|
|
|
|
(1,171
|
)
|
|
|
(243
|
)
|
|
|
22
|
|
|
|
(1,125
|
)
|
|
Ending Balance
|
|
$
|
5,596
|
|
|
$
|
7,180
|
|
|
$
|
2,458
|
|
|
$
|
51
|
|
|
$
|
15,285
|
|
|
2021
|
|
Commercial
and
Industrial
|
|
|
Commercial
Real Estate
|
|
|
Consumer
|
|
|
Unallocated
|
|
|
Total
|
|
|
Beginning balance
|
|
$
|
6,632
|
|
|
$
|
7,999
|
|
|
$
|
2,758
|
|
|
$
|
19
|
|
|
$
|
17,408
|
|
|
Charge-offs
|
|
|
—
|
|
|
|
—
|
|
|
|
(124
|
)
|
|
|
—
|
|
|
|
(124
|
)
|
|
Recoveries
|
|
|
331
|
|
|
|
208
|
|
|
|
116
|
|
|
|
—
|
|
|
|
655
|
|
|
Provision for loan losses
|
|
|
(1,787
|
)
|
|
|
(156
|
)
|
|
|
(117
|
)
|
|
|
10
|
|
|
|
(2,050
|
)
|
|
Ending Balance
|
|
$
|
5,176
|
|
|
$
|
8,051
|
|
|
$
|
2,633
|
|
|
$
|
29
|
|
|
$
|
15,889
|
|
|
| Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method |
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment
method (dollars in thousands):
|
December 31, 2022
|
|
Commercial
and
Industrial
|
|
|
Commercial
Real Estate
|
|
|
Consumer
|
|
|
Unallocated
|
|
|
Total
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually reviewed for impairment
|
|
$
|
55
|
|
|
$
|
20
|
|
|
$
|
220
|
|
|
$
|
—
|
|
|
$
|
295
|
|
|
Collectively evaluated for impairment
|
|
|
5,541
|
|
|
|
7,160
|
|
|
|
2,238
|
|
|
|
51
|
|
|
|
14,990
|
|
|
Total ending allowance balance
|
|
$
|
5,596
|
|
|
$
|
7,180
|
|
|
$
|
2,458
|
|
|
$
|
51
|
|
|
$
|
15,285
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually reviewed for impairment
|
|
$
|
3,603
|
|
|
$
|
518
|
|
|
$
|
2,886
|
|
|
$
|
—
|
|
|
$
|
7,007
|
|
|
Collectively evaluated for impairment
|
|
|
438,113
|
|
|
|
537,085
|
|
|
|
195,543
|
|
|
|
—
|
|
|
|
1,170,741
|
|
|
Total ending loans balance
|
|
$
|
441,716
|
|
|
$
|
537,603
|
|
|
$
|
198,429
|
|
|
$
|
—
|
|
|
$
|
1,177,748
|
|
|
December 31, 2021
|
|
Commercial
and
Industrial
|
|
|
Commercial
Real Estate
|
|
|
Consumer
|
|
|
Unallocated
|
|
|
Total
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually reviewed for impairment
|
|
$
|
303
|
|
|
$
|
24
|
|
|
$
|
238
|
|
|
$
|
—
|
|
|
$
|
565
|
|
|
Collectively evaluated for impairment
|
|
|
4,873
|
|
|
|
8,027
|
|
|
|
2,395
|
|
|
|
29
|
|
|
|
15,324
|
|
|
Total ending allowance balance
|
|
$
|
5,176
|
|
|
$
|
8,051
|
|
|
$
|
2,633
|
|
|
$
|
29
|
|
|
$
|
15,889
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually reviewed for impairment
|
|
$
|
3,375
|
|
|
$
|
1,127
|
|
|
$
|
3,024
|
|
|
$
|
—
|
|
|
$
|
7,526
|
|
|
Collectively evaluated for impairment
|
|
|
416,882
|
|
|
|
514,974
|
|
|
|
169,611
|
|
|
|
—
|
|
|
|
1,101,467
|
|
|
Total ending loans balance
|
|
$
|
420,257
|
|
|
$
|
516,101
|
|
|
$
|
172,635
|
|
|
$
|
—
|
|
|
$
|
1,108,993
|
|
|
| Loans Individually Evaluated for Impairment by Class of Loans |
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2022 (dollars in thousands):
|
December 31, 2022
|
|
Unpaid
Principal
Balance
|
|
|
Recorded
Investment
|
|
|
Allowance
Allocated
|
|
|
With no related allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
$
|
3,278
|
|
|
$
|
3,278
|
|
|
$
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential improved
|
|
|
31
|
|
|
|
31
|
|
|
|
—
|
|
| |
|
|
31
|
|
|
|
31
|
|
|
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total with no related allowance recorded
|
|
$
|
3,309
|
|
|
$
|
3,309
|
|
|
$
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
$
|
325
|
|
|
$
|
325
|
|
|
$
|
55
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial improved
|
|
|
307
|
|
|
|
307
|
|
|
|
9
|
|
|
Manufacturing and industrial
|
|
|
180
|
|
|
|
180
|
|
|
|
11
|
|
| |
|
|
487
|
|
|
|
487
|
|
|
|
20
|
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
2,653
|
|
|
|
2,653
|
|
|
|
202
|
|
|
Unsecured
|
|
|
29
|
|
|
|
29
|
|
|
|
2
|
|
|
Home equity
|
|
|
204
|
|
|
|
204
|
|
|
|
16
|
|
| |
|
|
2,886
|
|
|
|
2,886
|
|
|
|
220
|
|
|
Total with an allowance recorded
|
|
$
|
3,698
|
|
|
$
|
3,698
|
|
|
$
|
295
|
|
|
Total
|
|
$
|
7,007
|
|
|
$
|
7,007
|
|
|
$
|
295
|
|
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2021 (dollars in thousands):
|
December 31, 2021
|
|
Unpaid
Principal
Balance
|
|
|
Recorded
Investment
|
|
|
Allowance
Allocated
|
|
|
With no related allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
$
|
669
|
|
|
$
|
669
|
|
|
$
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential improved
|
|
|
41
|
|
|
|
41
|
|
|
|
—
|
|
|
Commercial improved
|
|
|
577
|
|
|
|
577
|
|
|
|
—
|
|
| |
|
|
618
|
|
|
|
618
|
|
|
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total with no related allowance recorded
|
|
$
|
1,287
|
|
|
$
|
1,287
|
|
|
$
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
$
|
2,706
|
|
|
$
|
2,706
|
|
|
$
|
303
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial improved
|
|
|
318
|
|
|
|
318
|
|
|
|
14
|
|
|
Manufacturing and industrial
|
|
|
191
|
|
|
|
191
|
|
|
|
10
|
|
| |
|
|
509
|
|
|
|
509
|
|
|
|
24
|
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
2,726
|
|
|
|
2,726
|
|
|
|
214
|
|
|
Unsecured
|
|
|
64
|
|
|
|
64
|
|
|
|
5
|
|
|
Home equity
|
|
|
234
|
|
|
|
234
|
|
|
|
19
|
|
|
Other secured
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
| |
|
|
3,024
|
|
|
|
3,024
|
|
|
|
238
|
|
|
Total with an allowance recorded
|
|
$
|
6,239
|
|
|
$
|
6,239
|
|
|
$
|
565
|
|
|
Total
|
|
$
|
7,526
|
|
|
$
|
7,526
|
|
|
$
|
565
|
|
|
| Average Balances of Impaired Loans and Interest Recognized on Impaired Loans |
The following table presents information regarding average balances of impaired loans and interest recognized on impaired loans for the years ended December 31,
2022 and 2021 (dollars in thousands):
| |
|
2022
|
|
|
2021
|
|
|
Average of impaired loans during the period:
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
$
|
2,703
|
|
|
$
|
1,927
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
Residential developed
|
|
|
—
|
|
|
|
11
|
|
|
Residential improved
|
|
|
42
|
|
|
|
45
|
|
|
Commercial improved
|
|
|
396
|
|
|
|
1,605
|
|
|
Manufacturing and industrial
|
|
|
185
|
|
|
|
148
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer
|
|
|
2,882
|
|
|
|
2,731
|
|
| |
|
|
|
|
|
|
|
|
|
Interest income recognized during impairment:
|
|
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
|
423
|
|
|
|
429
|
|
|
Commercial real estate
|
|
|
39
|
|
|
|
91
|
|
|
Consumer
|
|
|
118
|
|
|
|
120
|
|
| |
|
|
|
|
|
|
|
|
|
Cash-basis interest income recognized
|
|
|
|
|
|
|
|
|
|
Commercial and industrial
|
|
|
415
|
|
|
|
437
|
|
|
Commercial real estate
|
|
|
39
|
|
|
|
91
|
|
|
Consumer
|
|
|
122
|
|
|
|
123
|
|
|
| Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days Still on Accrual by Class of Loans |
Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The
following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of December 31, 2022 and 2021 (dollars in thousands):
|
December 31, 2022
|
|
Nonaccrual
|
|
|
Over 90 days
Accruing
|
|
|
Commercial and industrial
|
|
$
|
—
|
|
|
$
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
|
—
|
|
|
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
78
|
|
|
|
—
|
|
| |
|
|
78
|
|
|
|
—
|
|
|
Total
|
|
$
|
78
|
|
|
$
|
—
|
|
|
December 31, 2021
|
|
Nonaccrual
|
|
|
Over 90 days
Accruing
|
|
|
Commercial and industrial
|
|
$
|
—
|
|
|
$
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
Residential improved
|
|
|
5
|
|
|
|
—
|
|
|
Commercial improved
|
|
|
— |
|
|
|
— |
|
| |
|
|
5
|
|
|
|
—
|
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
86
|
|
|
|
—
|
|
| |
|
|
86
|
|
|
|
—
|
|
|
Total
|
|
$
|
91
|
|
|
$
|
—
|
|
|
| Aging of Recorded Investment in Past Due Loans by Class of Loans |
The following table presents the aging of the recorded investment in past due loans as of December 31, 2022 by class of loans (dollars in thousands):
|
December 31, 2022
|
|
30-90
Days
|
|
|
Greater
Than
90 Days
|
|
|
Total
Past Due
|
|
|
Loans Not
Past Due
|
|
|
Total
|
|
|
Commercial and industrial
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
441,716
|
|
|
$
|
441,716
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential developed
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
7,234
|
|
|
|
7,234
|
|
|
Unsecured to residential developers
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Vacant and unimproved
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
36,270
|
|
|
|
36,270
|
|
|
Commercial development
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
103
|
|
|
|
103
|
|
|
Residential improved
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
112,791
|
|
|
|
112,791
|
|
|
Commercial improved
|
|
|
71
|
|
|
|
—
|
|
|
|
71
|
|
|
|
259,210
|
|
|
|
259,281
|
|
|
Manufacturing and industrial
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
121,924
|
|
|
|
121,924
|
|
| |
|
|
71
|
|
|
|
—
|
|
|
|
71
|
|
|
|
537,532
|
|
|
|
537,603
|
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
—
|
|
|
|
77
|
|
|
|
77
|
|
|
|
139,071
|
|
|
|
139,148
|
|
|
Unsecured
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
121
|
|
|
|
121
|
|
|
Home equity
|
|
|
24
|
|
|
|
—
|
|
|
|
24
|
|
|
|
56,297
|
|
|
|
56,321
|
|
|
Other secured
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
2,839
|
|
|
|
2,839
|
|
| |
|
|
24
|
|
|
|
77
|
|
|
|
101
|
|
|
|
198,328
|
|
|
|
198,429
|
|
|
Total
|
|
$
|
95
|
|
|
$
|
77
|
|
|
$
|
172
|
|
|
$
|
1,177,576
|
|
|
$
|
1,177,748
|
|
The following table presents the aging of the recorded investment in past due loans as of December 31, 2021 by class of loans (dollars in thousands):
|
December 31, 2021
|
|
30-90
Days
|
|
|
Greater
Than
90 Days
|
|
|
Total
Past Due
|
|
|
Loans Not
Past Due
|
|
|
Total
|
|
|
Commercial and industrial
|
|
$
|
39
|
|
|
$
|
1
|
|
|
$
|
40
|
|
|
$
|
420,217
|
|
|
$
|
420,257
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential developed
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
4,862
|
|
|
|
4,862
|
|
|
Unsecured to residential developers
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
|
|
5,000 |
|
|
Vacant and unimproved
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
36,240
|
|
|
|
36,240
|
|
|
Commercial development
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
171
|
|
|
|
171
|
|
|
Residential improved
|
|
|
—
|
|
|
|
5
|
|
|
|
5
|
|
|
|
100,072
|
|
|
|
100,077
|
|
|
Commercial improved
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
259,039
|
|
|
|
259,039
|
|
|
Manufacturing and industrial
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
110,712
|
|
|
|
110,712
|
|
| |
|
|
—
|
|
|
|
5
|
|
|
|
5
|
|
|
|
516,096
|
|
|
|
516,101
|
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage
|
|
|
—
|
|
|
|
84
|
|
|
|
84
|
|
|
|
117,716
|
|
|
|
117,800
|
|
|
Unsecured
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
210
|
|
|
|
210
|
|
|
Home equity
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
51,269
|
|
|
|
51,269
|
|
|
Other secured
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,356
|
|
|
|
3,356
|
|
| |
|
|
—
|
|
|
|
84
|
|
|
|
84
|
|
|
|
172,551
|
|
|
|
172,635
|
|
|
Total
|
|
$
|
39
|
|
|
$
|
90
|
|
|
$
|
129
|
|
|
$
|
1,108,864
|
|
|
$
|
1,108,993
|
|
|
| Troubled Debt Restructurings |
The following table presents information regarding TDRs as of December 31, 2022 and 2021 (dollars in thousands):
| |
|
2022
|
|
|
2021
|
|
| |
|
Number of
Loans
|
|
|
Outstanding
Recorded
Balance
|
|
|
Number of
Loans
|
|
|
Outstanding
Recorded
Balance
|
|
|
Commercial and industrial
|
|
|
4
|
|
|
$
|
3,604
|
|
|
|
4
|
|
|
$
|
3,375
|
|
|
Commercial real estate
|
|
|
3
|
|
|
|
517
|
|
|
|
6
|
|
|
|
1,127
|
|
|
Consumer
|
|
|
32
|
|
|
|
2,886
|
|
|
|
44
|
|
|
|
3,024
|
|
| |
|
|
39
|
|
|
$
|
7,007
|
|
|
|
54
|
|
|
$
|
7,526
|
|
The following table presents information related to accruing TDRs as of December 31, 2022 and 2021. The table presents the amount of accruing TDRs that were on
nonaccrual status prior to the restructuring, accruing at the time of restructuring and those that were upgraded to accruing status after receiving six consecutive monthly payments in accordance with the restructured terms as of December 31,
2022 and 2021 (dollars in thousands):
| |
|
2022
|
|
|
2021
|
|
|
Accruing TDR - nonaccrual at restructuring
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Accruing TDR - accruing at restructuring
|
|
|
3,728
|
|
|
|
4,553
|
|
|
Accruing TDR - upgraded to accruing after six consecutive payments
|
|
|
3,279
|
|
|
|
2,968
|
|
| |
|
$
|
7,007
|
|
|
$
|
7,521
|
|
The following tables present information regarding troubled debt restructurings executed during the years ended December 31, 2022 and 2021 (dollars in
thousands):
| |
|
2022
|
|
|
2021
|
|
| |
|
Number of
Loans
|
|
|
Pre-TDR
Balance
|
|
|
Writedown
Upon
TDR
|
|
|
Number of
Loans
|
|
|
Pre-TDR
Balance
|
|
|
Writedown
Upon
TDR
|
|
|
Commercial and industrial
|
|
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Commercial real estate
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Consumer
|
|
|
3
|
|
|
|
449
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
| |
|
|
3
|
|
|
$
|
449
|
|
|
$
|
—
|
|
|
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
| Risk Grade Category of Loans by Class of Loans |
At year end, the risk grade category of commercial loans by class of loans was as follows (dollars in thousands):
|
December 31, 2022
|
|
|
1
|
|
|
|
2
|
|
|
|
3
|
|
|
|
4
|
|
|
|
5
|
|
|
|
6
|
|
|
|
7
|
|
|
|
8
|
|
|
Total
|
|
|
Commercial and industrial
|
|
$
|
15,040
|
|
|
$
|
21,451
|
|
|
$
|
175,762
|
|
|
$
|
220,987
|
|
|
$
|
8,309
|
|
|
$
|
167
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
441,716
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential developed
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
7,234
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
7,234
|
|
|
Unsecured to residential developers
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Vacant and unimproved
|
|
|
—
|
|
|
|
1,231
|
|
|
|
18,406
|
|
|
|
16,633
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
36,270
|
|
|
Commercial development
|
|
|
—
|
|
|
|
—
|
|
|
|
103
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
103
|
|
|
Residential improved
|
|
|
—
|
|
|
|
—
|
|
|
|
25,585
|
|
|
|
87,176
|
|
|
|
30
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
112,791
|
|
|
Commercial improved
|
|
|
—
|
|
|
|
17,802
|
|
|
|
83,769
|
|
|
|
151,641
|
|
|
|
5,762
|
|
|
|
307
|
|
|
|
—
|
|
|
|
—
|
|
|
|
259,281
|
|
|
Manufacturing & industrial
|
|
|
—
|
|
|
|
11,422
|
|
|
|
32,977
|
|
|
|
73,566
|
|
|
|
1,646
|
|
|
|
2,313
|
|
|
|
—
|
|
|
|
—
|
|
|
|
121,924
|
|
| |
|
$
|
15,040
|
|
|
$
|
51,906
|
|
|
$
|
336,602
|
|
|
$
|
557,237
|
|
|
$
|
15,747
|
|
|
$
|
2,787
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
979,319
|
|
|
December 31, 2021
|
|
|
1
|
|
|
|
2
|
|
|
|
3
|
|
|
|
4
|
|
|
|
5
|
|
|
|
6
|
|
|
|
7
|
|
|
|
8
|
|
|
Total
|
|
|
Commercial and industrial
|
|
$
|
56,979
|
|
|
$
|
19,300
|
|
|
$
|
110,877
|
|
|
$
|
227,087
|
|
|
$
|
2,700
|
|
|
$
|
3,314
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
420,257
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential developed
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
4,862
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
4,862
|
|
|
Unsecured to residential developers
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
|
Vacant and unimproved
|
|
|
—
|
|
|
|
1,763
|
|
|
|
13,492
|
|
|
|
20,985
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
36,240
|
|
|
Commercial development
|
|
|
—
|
|
|
|
—
|
|
|
|
171
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
171
|
|
|
Residential improved
|
|
|
—
|
|
|
|
—
|
|
|
|
24,450
|
|
|
|
75,503
|
|
|
|
119
|
|
|
|
—
|
|
|
|
5
|
|
|
|
—
|
|
|
|
100,077
|
|
|
Commercial improved
|
|
|
—
|
|
|
|
15,115
|
|
|
|
71,211
|
|
|
|
165,268
|
|
|
|
7,127
|
|
|
|
318
|
|
|
|
—
|
|
|
|
—
|
|
|
|
259,039
|
|
|
Manufacturing & industrial
|
|
|
—
|
|
|
|
—
|
|
|
|
41,757
|
|
|
|
65,601
|
|
|
|
3,354
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
110,712
|
|
| |
|
$
|
56,979
|
|
|
$
|
36,178
|
|
|
$
|
261,958
|
|
|
$
|
564,306
|
|
|
$
|
13,300
|
|
|
$
|
3,632
|
|
|
$
|
5
|
|
|
$
|
—
|
|
|
$
|
936,358
|
|
|
| Commercial Loans Classified as Substandard or Worse |
Commercial loans classified as substandard or worse were as follows at year-end (dollars in thousands):
| |
|
2022
|
|
|
2021
|
|
|
Not classified as impaired
|
|
$
|
2,422
|
|
|
$
|
233
|
|
|
Classified as impaired
|
|
|
365
|
|
|
|
3,404
|
|
|
Total commercial loans classified substandard or worse
|
|
$
|
2,787
|
|
|
$
|
3,637
|
|
|
| Recorded Investment in Consumer Loans Based on Payment Activity |
The Company considers the performance of the loan portfolio and its impact on the allowance for loan losses. For consumer loan classes, the Company also
evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following tables present the recorded investment in consumer loans based on payment activity as of December 31, 2022
and 2021 (dollars in thousands):
|
December 31, 2022
|
|
Residential
Mortgage
|
|
|
Consumer
Unsecured
|
|
|
Home
Equity
|
|
|
Consumer
Other
|
|
|
Performing
|
|
$
|
139,071
|
|
|
$
|
121
|
|
|
$
|
56,321
|
|
|
$
|
2,839
|
|
|
Nonperforming
|
|
|
77
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total
|
|
$
|
139,148
|
|
|
$
|
121
|
|
|
$
|
56,321
|
|
|
$
|
2,839
|
|
|
December 31, 2021
|
|
Residential
Mortgage
|
|
|
Consumer
Unsecured
|
|
|
Home
Equity
|
|
|
Consumer
Other
|
|
|
Performing
|
|
$
|
117,716
|
|
|
$
|
210
|
|
|
$
|
51,269
|
|
|
$
|
3,356
|
|
|
Nonperforming
|
|
|
84
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total
|
|
$
|
117,800
|
|
|
$
|
210
|
|
|
$
|
51,269
|
|
|
$
|
3,356
|
|
|