Loans and Allowance for Credit Losses (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
Receivables [Abstract] |
|
Schedule of Financing Receivables |
| | | | | | | | (Dollars in thousands) | | September 30, 2021 | | December 31, 2020 | | Construction | | $ | 130,590 | | $ | 106,760 | | Residential real estate | | | 460,890 | | | 443,542 | | Commercial real estate | | | 663,894 | | | 661,232 | | Commercial | | | 145,217 | | | 211,256 | | Consumer | | | 94,306 | | | 31,466 | | Total loans | | | 1,494,897 | | | 1,454,256 | | Allowance for credit losses | | | (15,525) | | | (13,888) | | Total loans, net | | $ | 1,479,372 | | $ | 1,440,368 | |
|
Allowance for Credit Losses on Financing Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | Residential | | Commercial | | | | | | | | | | (Dollars in thousands) | | Construction | | real estate | | real estate | | Commercial | | Consumer | | Total | September 30, 2021 | | | | | | | | | | | | | | | | | | | Loans individually evaluated for impairment | | $ | 324 | | $ | 4,007 | | $ | 5,397 | | $ | 227 | | $ | — | | $ | 9,955 | Loans collectively evaluated for impairment | | | 130,266 | | | 456,883 | | | 658,497 | | | 144,990 | | | 94,306 | | | 1,484,942 | Total loans | | $ | 130,590 | | $ | 460,890 | | $ | 663,894 | | $ | 145,217 | | $ | 94,306 | | $ | 1,494,897 | | | | | | | | | | | | | | | | | | | | Allowance for credit losses allocated to: | | | | | | | | | | | | | | | | | | | Loans individually evaluated for impairment | | $ | — | | $ | 84 | | $ | — | | $ | — | | $ | — | | $ | 84 | Loans collectively evaluated for impairment | | | 2,621 | | | 3,814 | | | 5,527 | | | 1,852 | | | 1,627 | | | 15,441 | Total allowance | | $ | 2,621 | | $ | 3,898 | | $ | 5,527 | | $ | 1,852 | | $ | 1,627 | | $ | 15,525 |
| | | | | | | | | | | | | | | | | | | | | | | | Residential | | Commercial | | | | | | | | | | (Dollars in thousands) | | Construction | | real estate | | real estate | | Commercial | | Consumer | | Total | December 31, 2020 | | | | | | | | | | | | | | | | | | | Loans individually evaluated for impairment | | $ | 331 | | $ | 5,722 | | $ | 6,917 | | $ | 258 | | $ | 28 | | $ | 13,256 | Loans collectively evaluated for impairment | | | 106,429 | | | 437,820 | | | 654,315 | | | 210,998 | | | 31,438 | | | 1,441,000 | Total loans | | $ | 106,760 | | $ | 443,542 | | $ | 661,232 | | $ | 211,256 | | $ | 31,466 | | $ | 1,454,256 | | | | | | | | | | | | | | | | | | | | Allowance for credit losses allocated to: | | | | | | | | | | | | | | | | | | | Loans individually evaluated for impairment | | $ | — | | $ | 135 | | $ | 78 | | $ | — | | $ | — | | $ | 213 | Loans collectively evaluated for impairment | | | 2,022 | | | 3,564 | | | 5,348 | | | 2,089 | | | 652 | | | 13,675 | Total allowance | | $ | 2,022 | | $ | 3,699 | | $ | 5,426 | | $ | 2,089 | | $ | 652 | | $ | 13,888 |
|
Impaired Financing Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | Recorded | | | | | | | | | | | | | | | Unpaid | | investment | | investment | | | | | Quarter-to-date | | Year-to-date | | Interest | | | principal | | with no | | with an | | Related | | average recorded | | average recorded | | recorded | (Dollars in thousands) | | balance | | allowance | | allowance | | allowance | | investment | | investment | | investment | September 30, 2021 | | | | | | | | | | | | | | | | | | | | | | Impaired nonaccrual loans: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 297 | | $ | 297 | | $ | — | | $ | — | | $ | 297 | | $ | 297 | | $ | — | Residential real estate | | | 899 | | | 817 | | | — | | | — | | | 959 | | | 1,191 | | | — | Commercial real estate | | | 2,504 | | | 2,116 | | | — | | | — | | | 2,150 | | | 2,459 | | | — | Commercial | | | 385 | | | 227 | | | — | | | — | | | 230 | | | 241 | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | 12 | | | — | Total | | $ | 4,085 | | $ | 3,457 | | $ | — | | $ | — | | $ | 3,636 | | $ | 4,200 | | $ | — | | | | | | | | | | | | | | | | | | | | | | | Impaired accruing TDRs: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 27 | | $ | 27 | | $ | — | | $ | — | | $ | 28 | | $ | 31 | | $ | 2 | Residential real estate | | | 2,863 | | | 1,754 | | | 1,109 | | | 84 | | | 2,871 | | | 3,252 | | | 118 | Commercial real estate | | | 2,860 | | | 2,860 | | | — | | | — | | | 2,913 | | | 2,994 | | | 67 | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 5,750 | | $ | 4,641 | | $ | 1,109 | | $ | 84 | | $ | 5,812 | | $ | 6,277 | | $ | 187 | | | | | | | | | | | | | | | | | | | | | | | Other impaired accruing loans: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Residential real estate | | | 327 | | | 327 | | | — | | | — | | | 328 | | | 513 | | | 7 | Commercial real estate | | | 421 | | | 421 | | | — | | | — | | | 421 | | | 470 | | | 10 | Commercial | | | — | | | — | | | — | | | — | | | — | | | 17 | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 748 | | $ | 748 | | $ | — | | $ | — | | $ | 749 | | $ | 1,000 | | $ | 17 | | | | | | | | | | | | | | | | | | | | | | | Total impaired loans: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 324 | | $ | 324 | | $ | — | | $ | — | | $ | 325 | | $ | 328 | | $ | 2 | Residential real estate | | | 4,089 | | | 2,898 | | | 1,109 | | | 84 | | | 4,158 | | | 4,956 | | | 125 | Commercial real estate | | | 5,785 | | | 5,397 | | | — | | | — | | | 5,484 | | | 5,923 | | | 77 | Commercial | | | 385 | | | 227 | | | — | | | — | | | 230 | | | 258 | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | 12 | | | — | Total | | $ | 10,583 | | $ | 8,846 | | $ | 1,109 | | $ | 84 | | $ | 10,197 | | $ | 11,477 | | $ | 204 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | Recorded | | | | | September 30, 2020 | | | Unpaid | | investment | | investment | | | | | Quarter-to-date | | Year-to-date | | Interest | | | principal | | with no | | with an | | Related | | average recorded | | average recorded | | income | (Dollars in thousands) | | balance | | allowance | | allowance | | allowance | | investment | | investment | | recognized | December 31, 2020 | | | | | | | | | | | | | | | | | | | | | | Impaired nonaccrual loans: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 297 | | $ | 297 | | $ | — | | $ | — | | $ | 297 | | $ | 231 | | $ | — | Residential real estate | | | 1,665 | | | 1,585 | | | — | | | — | | | 2,306 | | | 2,910 | | | — | Commercial real estate | | | 4,288 | | | 3,220 | | | 67 | | | 67 | | | 4,498 | | | 6,235 | | | — | Commercial | | | 401 | | | 258 | | | — | | | — | | | 355 | | | 429 | | | — | Consumer | | | 28 | | | 28 | | | — | | | — | | | 9 | | | 3 | | | — | Total | | $ | 6,679 | | $ | 5,388 | | $ | 67 | | $ | 67 | | $ | 7,465 | | $ | 9,808 | | $ | — | | | | | | | | | | | | | | | | | | | | | | | Impaired accruing TDRs: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 34 | | $ | 34 | | $ | — | | $ | — | | $ | 37 | | $ | 38 | | $ | 2 | Residential real estate | | | 3,845 | | | 2,617 | | | 1,228 | | | 135 | | | 3,886 | | | 3,940 | | | 120 | Commercial real estate | | | 3,118 | | | 2,479 | | | 639 | | | 11 | | | 3,357 | | | 3,379 | | | 70 | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 6,997 | | $ | 5,130 | | $ | 1,867 | | $ | 146 | | $ | 7,280 | | $ | 7,357 | | $ | 192 | | | | | | | | | | | | | | | | | | | | | | | Other impaired accruing loans: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 33 | | $ | — | Residential real estate | | | 292 | | | 292 | | | — | | | — | | | 389 | | | 393 | | | 1 | Commercial real estate | | | 512 | | | 512 | | | — | | | — | | | 830 | | | 854 | | | 3 | Commercial | | | — | | | — | | | — | | | — | | | 42 | | | 18 | | | — | Consumer | | | — | | | — | | | — | | | — | | | 19 | | | 12 | | | — | Total | | $ | 804 | | $ | 804 | | $ | — | | $ | — | | $ | 1,280 | | $ | 1,310 | | $ | 4 | | | | | | | | | | | | | | | | | | | | | | | Total impaired loans: | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 331 | | $ | 331 | | $ | — | | $ | — | | $ | 334 | | $ | 302 | | $ | 2 | Residential real estate | | | 5,802 | | | 4,494 | | | 1,228 | | | 135 | | | 6,581 | | | 7,243 | | | 121 | Commercial real estate | | | 7,918 | | | 6,211 | | | 706 | | | 78 | | | 8,685 | | | 10,468 | | | 73 | Commercial | | | 401 | | | 258 | | | — | | | — | | | 397 | | | 447 | | | — | Consumer | | | 28 | | | 28 | | | — | | | — | | | 28 | | | 15 | | | — | Total | | $ | 14,480 | | $ | 11,322 | | $ | 1,934 | | $ | 213 | | $ | 16,025 | | $ | 18,475 | | $ | 196 |
|
Troubled Debt Restructurings on Financing Receivables |
The following tables provide a roll-forward for TDRs as of September 30, 2021 and September 30, 2020. | | | | | | | | | | | | | | | | | | | | | | | | | | | 1/1/2021 | | | | | | | | | | | | | | | | | 9/30/2021 | | | | | | TDR | | New | | Disbursements | | Charge- | | Reclassifications/ | | | | | TDR | | Related | (Dollars in thousands) | | Balance | | TDRs | | (Payments) | | offs | | Transfer In/(Out) | | Payoffs | | Balance | | Allowance | For nine months ended | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | Accruing TDRs | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 34 | | $ | — | | $ | (7) | | $ | — | | $ | — | | $ | — | | $ | 27 | | $ | — | Residential real estate | | | 3,845 | | | — | | | (82) | | | — | | | — | | | (900) | | | 2,863 | | | 84 | Commercial real estate | | | 3,118 | | | — | | | (258) | | | — | | | — | | | — | | | 2,860 | | | — | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 6,997 | | $ | — | | $ | (347) | | $ | — | | $ | — | | $ | (900) | | $ | 5,750 | | $ | 84 | | | | | | | | | | | | | | | | | | | | | | | | | | Nonaccrual TDRs | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Residential real estate | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial real estate | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | 258 | | | — | | | (31) | | | — | | | — | | | — | | | 227 | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 258 | | $ | — | | $ | (31) | | $ | — | | $ | — | | $ | — | | $ | 227 | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 7,255 | | $ | — | | $ | (378) | | $ | — | | $ | — | | $ | (900) | | $ | 5,977 | | $ | 84 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | 1/1/2020 | | | | | | | | | | | | | | | | | 9/30/2020 | | | | | | TDR | | New | | Disbursements | | Charge- | | Reclassifications/ | | | | | TDR | | Related | (Dollars in thousands) | | Balance | | TDRs | | (Payments) | | offs | | Transfer In/(Out) | | Payoffs | | Balance | | Allowance | For nine months ended | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2020 | | | | | | | | | | | | | | | | | | | | | | | | | Accruing TDRs | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 41 | | $ | — | | $ | (5) | | $ | — | | $ | — | | $ | — | | $ | 36 | | $ | — | Residential real estate | | | 4,041 | | | — | | | (80) | | | — | | | — | | | (83) | | | 3,878 | | | 142 | Commercial real estate | | | 3,419 | | | — | | | (66) | | | — | | | — | | | — | | | 3,353 | | | 14 | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 7,501 | | $ | — | | $ | (151) | | $ | — | | $ | — | | $ | (83) | | $ | 7,267 | | $ | 156 | | | | | | | | | | | | | | | | | | | | | | | | | | Nonaccrual TDRs | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Residential real estate | | | 1,393 | | | — | | | (51) | | | — | | | — | | | (1,342) | | | — | | | — | Commercial real estate | | | — | | | 1,506 | | | (401) | | | — | | | — | | | — | | | 1,105 | | | — | Commercial | | | 299 | | | — | | | (30) | | | — | | | — | | | — | | | 269 | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 1,692 | | $ | 1,506 | | $ | (482) | | $ | — | | $ | — | | $ | (1,342) | | $ | 1,374 | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 9,193 | | $ | 1,506 | | $ | (633) | | $ | — | | $ | — | | $ | (1,425) | | $ | 8,641 | | $ | 156 |
There were no loans modified and considered to be TDRs during the three months ended September 30, 2021 and September 30, 2020. The following tables provide information on loans that were modified and considered to be TDRs during the nine months ended September 30, 2021 and September 30, 2020. | | | | | | | | | | | | | | | | Premodification | | Postmodification | | | | | | | | outstanding | | outstanding | | | | | | Number of | | recorded | | recorded | | Related | (Dollars in thousands) | | contracts | | investment | | investment | | allowance | TDRs: | | | | | | | | | | | | For nine months ended | | | | | | | | | | | | September 30, 2021 | | | | | | | | | | | | Construction | | — | | $ | — | | $ | — | | $ | — | Residential real estate | | — | | | — | | | — | | | — | Commercial real estate | | — | | | — | | | — | | | — | Commercial | | — | | | — | | | — | | | — | Consumer | | — | | | — | | | — | | | — | Total | | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | For nine months ended | | | | | | | | | | | | September 30, 2020 | | | | | | | | | | | | Construction | | — | | $ | — | | $ | — | | $ | — | Residential real estate | | — | | | — | | | — | | | — | Commercial real estate | | 1 | | | 1,535 | | | 1,506 | | | — | Commercial | | — | | | — | | | — | | | — | Consumer | | — | | | — | | | — | | | — | Total | | 1 | | $ | 1,535 | | $ | 1,506 | | $ | — |
|
Financing Receivable Credit Quality Indicators |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Special | | | | | | | | | | (Dollars in thousands) | | Pass/Performing | | Pass/Watch | | Mention | | Substandard | | Doubtful | | Total | September 30, 2021 | | | | | | | | | | | | | | | | | | | Construction | | $ | 101,708 | | $ | 26,670 | | $ | 1,915 | | $ | 297 | | $ | — | | $ | 130,590 | Residential real estate | | | 423,355 | | | 34,664 | | | 1,767 | | | 1,104 | | | — | | | 460,890 | Commercial real estate | | | 514,583 | | | 137,759 | | | 4,985 | | | 6,567 | | | — | | | 663,894 | Commercial | | | 127,807 | | | 16,885 | | | 286 | | | 239 | | | — | | | 145,217 | Consumer | | | 94,143 | | | 161 | | | — | | | 2 | | | — | | | 94,306 | Total | | $ | 1,261,596 | | $ | 216,139 | | $ | 8,953 | | $ | 8,209 | | $ | — | | $ | 1,494,897 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Special | | | | | | | | | | (Dollars in thousands) | | Pass/Performing | | Pass/Watch | | Mention | | Substandard | | Doubtful | | Total | December 31, 2020 | | | | | | | | | | | | | | | | | | | Construction | | $ | 81,926 | | $ | 22,547 | | $ | 1,990 | | $ | 297 | | $ | — | | $ | 106,760 | Residential real estate | | | 401,494 | | | 36,759 | | | 2,946 | | | 2,343 | | | — | | | 443,542 | Commercial real estate | | | 514,524 | | | 133,892 | | | 3,504 | | | 9,312 | | | — | | | 661,232 | Commercial | | | 182,166 | | | 25,870 | | | 2,948 | | | 272 | | | — | | | 211,256 | Consumer | | | 31,221 | | | 215 | | | — | | | 30 | | | — | | | 31,466 | Total | | $ | 1,211,331 | | $ | 219,283 | | $ | 11,388 | | $ | 12,254 | | $ | — | | $ | 1,454,256 |
|
Past Due Financing Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | | Accruing | | | | | | | | | | | | | 30‑59 days | | 60‑89 days | | Greater than | | Total | | | | | | | | (Dollars in thousands) | | Current | | past due | | past due | | 90 days | | past due | | Nonaccrual | | Total | | September 30, 2021 | | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 130,266 | | $ | — | | $ | 27 | | $ | — | | $ | 27 | | $ | 297 | | $ | 130,590 | | Residential real estate | | | 458,790 | | | 530 | | | 425 | | | 327 | | | 1,282 | | | 818 | | | 460,890 | | Commercial real estate | | | 661,208 | | | 149 | | | — | | | 421 | | | 570 | | | 2,116 | | | 663,894 | | Commercial | | | 144,979 | | | — | | | 12 | | | — | | | 12 | | | 226 | | | 145,217 | | Consumer | | | 94,170 | | | 105 | | | 31 | | | — | | | 136 | | | — | | | 94,306 | | Total | | $ | 1,489,413 | | $ | 784 | | $ | 495 | | $ | 748 | | $ | 2,027 | | $ | 3,457 | | $ | 1,494,897 | | Percent of total loans | | | 99.6 | % | | 0.1 | % | | — | % | | 0.1 | % | | 0.2 | % | | 0.2 | % | | 100.0 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | Accruing | | | | | | | | | | | | | 30‑59 days | | 60‑89 days | | Greater than | | Total | | | | | | | | (Dollars in thousands) | | Current | | past due | | past due | | 90 days | | past due | | Nonaccrual | | Total | | December 31, 2020 | | | | | | | | | | | | | | | | | | | | | | | Construction | | $ | 106,463 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 297 | | $ | 106,760 | | Residential real estate | | | 440,210 | | | 517 | | | 938 | | | 292 | | | 1,747 | | | 1,585 | | | 443,542 | | Commercial real estate | | | 657,066 | | | 367 | | | — | | | 512 | | | 879 | | | 3,287 | | | 661,232 | | Commercial | | | 210,704 | | | 226 | | | 68 | | | — | | | 294 | | | 258 | | | 211,256 | | Consumer | | | 31,318 | | | 119 | | | 1 | | | — | | | 120 | | | 28 | | | 31,466 | | Total | | $ | 1,445,761 | | $ | 1,229 | | $ | 1,007 | | $ | 804 | | $ | 3,040 | | $ | 5,455 | | $ | 1,454,256 | | Percent of total loans | | | 99.3 | % | | 0.1 | % | | 0.1 | % | | 0.1 | % | | 0.3 | % | | 0.4 | % | | 100.0 | % |
|
Consolidated Allowance for Credit Losses on Financing Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | Residential | | Commercial | | | | | | | | | | (Dollars in thousands) | | Construction | | real estate | | real estate | | Commercial | | Consumer | | Total | For three months ended | | | | | | | | | | | | | | | | | | | September 30, 2021 | | | | | | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Beginning Balance | | $ | 2,574 | | $ | 3,812 | | $ | 5,600 | | $ | 1,879 | | $ | 1,223 | | $ | 15,088 | | | | | | | | | | | | | | | | | | | | Charge-offs | | | — | | | — | | | — | | | (55) | | | (1) | | | (56) | Recoveries | | | 161 | | | 9 | | | — | | | 26 | | | 7 | | | 203 | Net (charge-offs) recoveries | | | 161 | | | 9 | | | — | | | (29) | | | 6 | | | 147 | | | | | | | | | | | | | | | | | | | | Provision | | | (114) | | | 77 | | | (73) | | | 2 | | | 398 | | | 290 | Ending Balance | | $ | 2,621 | | $ | 3,898 | | $ | 5,527 | | $ | 1,852 | | $ | 1,627 | | $ | 15,525 |
| | | | | | | | | | | | | | | | | | | | | | | | Residential | | Commercial | | | | | | | | | | (Dollars in thousands) | | Construction | | real estate | | real estate | | Commercial | | Consumer | | Total | For three months ended | | | | | | | | | | | | | | | | | | | September 30, 2020 | | | | | | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Beginning Balance | | $ | 1,497 | | $ | 2,639 | | $ | 4,097 | | $ | 2,355 | | $ | 502 | | $ | 11,090 | | | | | | | | | | | | | | | | | | | | Charge-offs | | | — | | | (10) | | | (1) | | | (89) | | | (1) | | | (101) | Recoveries | | | 5 | | | 199 | | | 1 | | | 81 | | | 2 | | | 288 | Net (charge-offs) recoveries | | | 5 | | | 189 | | | — | | | (8) | | | 1 | | | 187 | | | | | | | | | | | | | | | | | | | | Provision | | | 56 | | | 456 | | | 1,002 | | | (126) | | | 112 | | | 1,500 | Ending Balance | | $ | 1,558 | | $ | 3,284 | | $ | 5,099 | | $ | 2,221 | | $ | 615 | | $ | 12,777 |
| | | | | | | | | | | | | | | | | | | | | | | | Residential | | Commercial | | | | | | | | | | (Dollars in thousands) | | Construction | | real estate | | real estate | | Commercial | | Consumer | | Total | For nine months ended | | | | | | | | | | | | | | | | | | | September 30, 2021 | | | | | | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Beginning Balance | | $ | 2,022 | | $ | 3,699 | | $ | 5,426 | | $ | 2,089 | | $ | 652 | | $ | 13,888 | | | | | | | | | | | | | | | | | | | | Charge-offs | | | — | | | — | | | — | | | (162) | | | (5) | | | (167) | Recoveries | | | 171 | | | 72 | | | 64 | | | 122 | | | 10 | | | 439 | Net (charge-offs) recoveries | | | 171 | | | 72 | | | 64 | | | (40) | | | 5 | | | 272 | | | | | | | | | | | | | | | | | | | | Provision | | | 428 | | | 127 | | | 37 | | | (197) | | | 970 | | | 1,365 | Ending Balance | | $ | 2,621 | | $ | 3,898 | | $ | 5,527 | | $ | 1,852 | | $ | 1,627 | | $ | 15,525 |
| | | | | | | | | | | | | | | | | | | | | | | | Residential | | Commercial | | | | | | | | | | (Dollars in thousands) | | Construction | | real estate | | real estate | | Commercial | | Consumer | | Total | For nine months ended | | | | | | | | | | | | | | | | | | | September 30, 2020 | | | | | | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Beginning Balance | | $ | 1,576 | | $ | 2,501 | | $ | 4,032 | | $ | 1,929 | | $ | 469 | | $ | 10,507 | | | | | | | | | | | | | | | | | | | | Charge-offs | | | — | | | (201) | | | (601) | | | (208) | | | (8) | | | (1,018) | Recoveries | | | 13 | | | 206 | | | — | | | 205 | | | 14 | | | 438 | Net (charge-offs) recoveries | | | 13 | | | 5 | | | (601) | | | (3) | | | 6 | | | (580) | | | | | | | | | | | | | | | | | | | | Provision | | | (31) | | | 778 | | | 1,668 | | | 295 | | | 140 | | | 2,850 | Ending Balance | | $ | 1,558 | | $ | 3,284 | | $ | 5,099 | | $ | 2,221 | | $ | 615 | | $ | 12,777 |
|