Loans, net and allowance for loan losses (Tables)

6 Months Ended

Jun. 30, 2022

Loans, net and allowance for loan losses

Schedule of major classifications of loans outstanding

		June 30, 2022		December 31, 2021
Commercial	$	596,809	$	613,127
Real estate:
Commercial		1,569,658		1,343,539
Residential		317,672		297,624
Consumer		81,440		74,883
Total	$	2,565,579	$	2,329,173

Schedule of changes in allowance for loan losses account by major classification of loans

The changes in the allowance for loan losses account by major classification of loan for the three and six months ended June 30, 2022 and 2021 are summarized as follows:

			Real estate
June 30, 2022	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance April 1, 2022	$	7,593	$	16,789	$	3,255	$	770	$	28,407
Charge-offs						(2)		(96)		(98)
Recoveries		20		61				34		115
Provisions (credits)		153		719		(33)		111		950
Ending balance	$	7,766	$	17,569	$	3,220	$	819	$	29,374
			Real estate
June 30, 2021	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance April 1, 2021	$	8,215	$	14,703	$	2,994	$	871	$	26,783
Charge-offs				(144)		(2)		(44)		(190)
Recoveries		18		8		1		19		46
Provisions (credits)		287		(286)		76		23		100
Ending balance	$	8,520	$	14,281	$	3,069	$	869	$	26,739

			Real estate
June 30, 2022	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance January 1, 2022	$	8,453	$	15,928	$	3,209	$	793	$	28,383
Charge-offs		(161)		(132)		(2)		(158)		(453)
Recoveries		29		77		3		85		194
Provisions (credits)		(555)		1,696		10		99		1,250
Ending balance	$	7,766	$	17,569	$	3,220	$	819	$	29,374
			Real estate
June 30, 2021	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance January 1, 2021	$	8,734	$	14,559	$	3,129	$	922	$	27,344
Charge-offs		(15)		(240)		(24)		(106)		(385)
Recoveries		79		66		2		33		180
Provisions (credits)		(278)		(104)		(38)		20		(400)
Ending balance	$	8,520	$	14,281	$	3,069	$	869	$	26,739

The allocation of the allowance for loan losses and the related loans by major classifications of loans at June 30, 2022 and December 31, 2021 is summarized as follows:

			Real estate
June 30, 2022	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Ending balance	$	7,766	$	17,569	$	3,220	$	819	$	29,374
Ending balance: individually evaluated for impairment		34		15		48				97
Ending balance: collectively evaluated for impairment	$	7,732	$	17,554	$	3,172	$	819	$	29,277
Loans receivable:
Ending balance	$	596,809	$	1,569,658	$	317,672	$	81,440	$	2,565,579
Ending balance: individually evaluated for impairment		160		2,903		1,267				4,330
Ending balance: collectively evaluated for impairment	$	596,649	$	1,566,755	$	316,405	$	81,440	$	2,561,249

			Real estate
December 31, 2021	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Ending balance	$	8,453	$	15,928	$	3,209	$	793	$	28,383
Ending balance: individually evaluated for impairment		40		109		26				175
Ending balance: collectively evaluated for impairment	$	8,413	$	15,819	$	3,183	$	793	$	28,208
Loans receivable:
Ending balance	$	613,127	$	1,343,539	$	297,624	$	74,883	$	2,329,173
Ending balance: individually evaluated for impairment		199		2,889		1,274				4,362
Ending balance: collectively evaluated for impairment	$	612,928	$	1,340,650	$	296,350	$	74,883	$	2,324,811

Schedule of major classification of loans portfolio summarized by credit quality

			Special
June 30, 2022	Pass		Mention		Substandard		Doubtful	Total
Commercial	$	587,907	$	8,077	$	825	$	$	596,809
Real estate:
Commercial		1,555,363		8,028		6,267			1,569,658
Residential		315,835		119		1,718			317,672
Consumer		81,131				309			81,440
Total	$	2,540,236	$	16,224	$	9,119	$	$	2,565,579

			Special
December 31, 2021	Pass		Mention		Substandard		Doubtful	Total
Commercial	$	611,151	$	896	$	1,080	$	$	613,127
Real estate:
Commercial		1,324,646		13,939		4,954			1,343,539
Residential		294,892		333		2,399			297,624
Consumer		74,744				139			74,883
Total	$	2,305,433	$	15,168	$	8,572	$	$	2,329,173

Schedule of information concerning nonaccrual loans by major loan classification

		June 30, 2022		December 31, 2021
Commercial	$	147	$	185
Real estate:
Commercial		1,889		1,793
Residential		613		694
Consumer		270		139
Total	$	2,919	$	2,811

Schedule of major classifications of loans by past due status

					Greater								Loans > 90
	30-59 Days		60-89 Days		than 90		Total Past						Days and
June 30, 2022	Past Due		Past Due		Days		Due		Current		Total Loans		Accruing
Commercial	$	78	$	19	$	127	$	224	$	596,585	$	596,809	$
Real estate:
Commercial		1,561		240		708		2,509		1,567,149		1,569,658
Residential		270		475		375		1,120		316,552		317,672		190
Consumer		523		179		123		825		80,615		81,440
Total	$	2,432	$	913	$	1,333	$	4,678	$	2,560,901	$	2,565,579	$	190

Improved credit quality resulted in lower levels of past due loans from year end.

					Greater								Loans > 90
	30-59 Days		60-89 Days		than 90		Total Past						Days and
December 31, 2021	Past Due		Past Due		Days		Due		Current		Total Loans		Accruing
Commercial	$	101		155	$	158	$	414	$	612,713	$	613,127	$
Real estate:
Commercial		768	$	423		834		2,025		1,341,514		1,343,539
Residential		1,552		207		265		2,024		295,600		297,624		13
Consumer		477		163		51		691		74,192		74,883
Total	$	2,898	$	948	$	1,308	$	5,154	$	2,324,019	$	2,329,173	$	13

Summarized information concerning impaired loans

							This Quarter				Year-to-Date
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
June 30, 2022	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance:
Commercial	$	126	$	471			$	132	$	2	$	141	$	4
Real estate:
Commercial		2,473		3,262				2,611		10		2,532		22
Residential		996		1,181				935		6		914		10
Consumer		270		283				238				205
Total		3,865		5,197				3,916		18		3,792		36
With an allowance recorded:
Commercial		34		34	$	34		28				32
Real estate:
Commercial		430		442		15		435		4		461		8
Residential		271		276		48		273		3		315		6
Total		735		752		97		736		7		808		14
Total impaired loans
Commercial		160		505		34		160		2		173		4
Real estate:
Commercial		2,903		3,704		15		3,046		14		2,993		30
Residential		1,267		1,457		48		1,208		9		1,229		16
Consumer		270		283				238				205
Total	$	4,600	$	5,949	$	97	$	4,652	$	25	$	4,600	$	50

							For the Year Ended
			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
December 31, 2021	Investment		Balance		Allowance		Investment		Recognized
With no related allowance:
Commercial	$	158	$	481			$	964	$	13
Real estate:
Commercial		2,376		3,120				2,719		22
Residential		873		1,073				1,016		19
Consumer		139		148				100
Total		3,546		4,822				4,799		54
With an allowance recorded:
Commercial		41		41		40		1,091		15
Real estate:
Commercial		513		543		109		802		22
Residential		401		401		26		436		13
Consumer
Total		955		985		175		2,329		50
Total impaired loans
Commercial		199		522		40		2,055		28
Real estate:
Commercial		2,889		3,663		109		3,521		44
Residential		1,274		1,474		26		1,452		32
Consumer		139		148				100
Total	$	4,501	$	5,807	$	175	$	7,128	$	104

							This Quarter				Year-to-Date
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
June 30, 2021	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance:
Commercial	$	1,105	$	1,603			$	889	$	3	$	1,343	$	7
Real estate:
Commercial		3,009		3,970				3,145		9		2,887		15
Residential		1,007		1,185				1,064		4		1,071		10
Consumer		76		86				85				94
Total		5,197		6,844				5,183		16		5,395		32
With an allowance recorded:
Commercial		966		999	$	549		1,472		5		1,663		10
Real estate:
Commercial		674		771		87		692		6		988		10
Residential		459		470		58		441		3		447		7
Consumer
Total		2,099		2,240		694		2,605		14		3,098		27
Total impaired loans
Commercial		2,071		2,602		549		2,361		8		3,006		17
Real estate:
Commercial		3,683		4,741		87		3,837		15		3,875		25
Residential		1,466		1,655		58		1,505		7		1,518		17
Consumer		76		86				85				94
Total	$	7,296	$	9,084	$	694	$	7,788	$	30	$	8,493	$	59