Loans And Leases (Tables)

3 Months Ended

Mar. 31, 2021

Recorded Investment In Loans By Portfolio Segment




	March 31, 2021		December 31, 2020
	(unaudited)
Commercial (1)	$	326,206	$	338,286
Real estate:
Single-family residential		186,022		147,860
Multi-family residential		51,509		45,375
Commercial		311,091		277,028
Construction		83,584		80,426
Consumer:
Home equity lines of credit		22,865		20,962
Other		2,611		2,429
Subtotal		983,888		912,366
Less: ALLL		(17,086)		(17,022)
Loans and leases, net	$	966,802	$	895,344

⁽¹⁾

Includes $4,723 and $4,133 of commercial leases at March 31, 2021 and December 31, 2020, respectively.

Activity In ALLL By Portfolio Segment

The following table presents the activity in the ALLL by portfolio segment for the three months ended March 31, 2021:



	Three months ended March 31, 2021 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	3,426	$	1,299	$	467	$	9,184	$	2,254	$	276	$	116	$	17,022
Addition to (reduction in) provision for loan losses		(55)		525		10		(500)		(25)		-		45		-
Charge-offs		-		-		-		-		-		-		-		-
Recoveries		56		3		-		-		-		5		-		64
Ending balance	$	3,427	$	1,827	$	477	$	8,684	$	2,229	$	281	$	161	$	17,086

The following table presents the activity in the ALLL by portfolio segment for the three months ended March 31, 2020:



	Three months ended March 31, 2020 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	2,054	$	948	$	447	$	2,604	$	759	$	265	$	61	$	7,138
Addition to (reduction in) provision for loan losses		120		(45)		65		70		(185)		(20)		(5)		-
Charge-offs		(71)		-		-		-		-		-		-		(71)
Recoveries		-		2		-		-		-		4		-		6
Ending balance	$	2,103	$	905	$	512	$	2,674	$	574	$	249	$	56	$	7,073

Balance In ALLL And Recorded Investment In Loans By Portfolio Segment And Based On Impairment Method

The following table presents the balance in the ALLL and the recorded investment in loans and leases by portfolio segment and based on the impairment method as of March 31, 2021 (unaudited):



			Real Estate								Consumer
	Commercial		Single- family		Multi- family		Commercial		Construction		Home Equity lines of credit		Other		Total
ALLL:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-	$	-	$	-	$	23	$	-	$	-	$	-	$	23
Collectively evaluated for impairment		3,427		1,827		477		8,661		2,229		281		161		17,063
Total ending allowance balance	$	3,427	$	1,827	$	477	$	8,684	$	2,229	$	281	$	161	$	17,086

Loans:
Individually evaluated for impairment	$	256	$	103	$	-	$	2,704	$	-	$	-	$	-	$	3,063
Collectively evaluated for impairment		325,950		185,919		51,509		308,387		83,584		22,865		2,611		980,825
Total ending loan balance	$	326,206	$	186,022	$	51,509	$	311,091	$	83,584	$	22,865	$	2,611	$	983,888

The following table presents the balance in the ALLL and the recorded investment in loans and leases by portfolio segment and based on the impairment method as of December 31, 2020:



			Real Estate								Consumer
	Commercial		Single- family		Multi- family		Commercial		Construction		Home Equity lines of credit		Other		Total
ALLL:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-	$	-	$	-	$	23	$	-	$	-	$	-	$	23
Collectively evaluated for impairment		3,426		1,299		467		9,161		2,254		276		116		16,999
Total ending allowance balance	$	3,426	$	1,299	$	467	$	9,184	$	2,254	$	276	$	116	$	17,022

Loans:
Individually evaluated for impairment	$	268	$	104	$	-	$	2,718	$	-	$	-	$	-	$	3,090
Collectively evaluated for impairment		338,018		147,756		45,375		274,310		80,426		20,962		2,429		909,276
Total ending loan balance	$	338,286	$	147,860	$	45,375	$	277,028	$	80,426	$	20,962	$	2,429	$	912,366

Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loans as of and for the period ended March 31, 2021. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, and deferred loan fees and costs. The table presents accrual basis interest income recognized during the three months ended March 31, 2021. Cash payments of interest on these loans during the three months ended March 31, 2021 totaled $41.


							Three months ended
	As of March 31, 2021						March 31, 2021
	(unaudited)						(unaudited)
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate:
Commercial:
Owner occupied	$	-	$	-	$	-	$	-	$	-
Total with no allowance recorded		-		-		-		-		-

With an allowance recorded:
Commercial (1)		520		256		-		78		2
Real estate:
Single-family residential (1)		103		103		-		103		1
Commercial:
Non-owner occupied		2,704		2,704		23		2,711		38
Total with an allowance recorded		3,327		3,063		23		2,892		41
Total	$	3,327	$	3,063	$	23	$	2,892	$	41

⁽¹⁾

Allowance recorded in an amount less than $1 has been rounded down to zero.

The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2020. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, and deferred loan fees and costs. The table presents accrual basis interest income recognized during the three months ended March 31, 2020. Cash payments of interest during the months ended March 31, 2020 totaled $42.


							Three months ended
	As of December 31, 2020						March 31, 2020
							(unaudited)
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial:
Owner occupied	$	-	$	-	$	-	$	-	$	-
Total with no allowance recorded		-		-		-		-		-

With an allowance recorded:
Commercial (1)		533		268		-		144		2
Real estate:
Single-family residential (1)		104		104		-		106		1
Commercial:
Non-owner occupied		2,718		2,718		23		2,734		38
Total with an allowance recorded		3,355		3,090		23		2,984		41
Total	$	3,355	$	3,090	$	23	$	2,984	$	41

Recorded Investment In Nonaccrual Loans By Class Of Loans




	March 31, 2021		December 31, 2020
	(unaudited)
Loans past due over 90 days still on accrual	$	-	$	-
Nonaccrual loans:
Commercial		178		190
Real estate:
Single-family residential		418		421
Consumer:
Home equity lines of credit:
Originated for portfolio		-		12
Purchased for portfolio		45		72
Total nonaccrual		641		695
Total nonaccrual and nonperforming loans	$	641	$	695

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 and leases by class of loans as of March 31, 2021 (unaudited):


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Loans Not Past Due		Nonaccrual Loans Not > 90 days Past Due
Commercial	$	39	$	-	$	-	$	39	$	326,167	$	178
Real estate:
Single-family residential		-		18		315		333		185,689		103
Multi-family residential		-		-		-		-		51,509		-
Commercial:
Non-owner occupied		-		-		-		-		167,528		-
Owner occupied		-		-		-		-		110,677		-
Land		-		-		-		-		32,886		-
Construction		-		-		-		-		83,584		-
Consumer:
Home equity lines of credit:
Originated for portfolio		-		-		-		-		22,680		-
Purchased for portfolio		45		-		-		45		140		45
Other		-		-		-		-		2,611		-
Total	$	84	$	18	$	315	$	417	$	983,471	$	326

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2020:



	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Loans Not Past Due		Nonaccrual Loans Not > 90 days Past Due
Commercial	$	-	$	-	$	-	$	-	$	338,286	$	190
Real estate:
Single-family residential		1,747		-		315		2,062		145,798		106
Multi-family residential		-		-		-		-		45,375		-
Commercial:
Non-owner occupied		-		78		-		78		159,835		-
Owner occupied		-		-		-		-		90,049		-
Land		-		-		-		-		27,066		-
Construction		-		-		-		-		80,426		-
Consumer:
Home equity lines of credit:
Originated for portfolio		-		-		-		-		20,773		12
Purchased for portfolio		-		-		46		46		143		26
Other		-		-		-		-		2,429		-
Total	$	1,747	$	78	$	361	$	2,186	$	910,180	$	334

Nonaccrual Loans As Troubled Debt Restructuring




	March 31, 2021		December 31, 2020
	(unaudited)
Commercial	$	178	$	190
Total	$	178	$	190

Recorded Investment In Loans By Risk Category And Class Of Loans

The recorded investment in loans and leases by risk category and by class of loans and leases as of March 31, 2021 and based on the most recent analysis performed follows.


(unaudited)	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	-	$	325,316	$	481	$	231	$	178	$	326,206
Real estate:
Single-family residential		185,604		-		-		418		-		186,022
Multi-family residential		-		51,389		-		120		-		51,509
Commercial:
Non-owner occupied		55		157,737		7,031		2,705		-		167,528
Owner occupied		-		106,982		2,829		866		-		110,677
Land		-		32,886		-		-		-		32,886
Construction		-		83,349		235		-		-		83,584
Consumer:
Home equity lines of credit:
Originated for portfolio		22,666		-		-		14		-		22,680
Purchased for portfolio		140		-		-		45		-		185
Other		2,611		-		-		-		-		2,611
	$	211,076	$	757,659	$	10,576	$	4,399	$	178	$	983,888

The recorded investment in loans and leases by risk category and by class of loans and leases as of December 31, 2020 follows.



	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	1	$	337,110	$	664	$	321	$	190	$	338,286
Real estate:
Single-family residential		147,439		-		-		421		-		147,860
Multi-family residential		-		45,249		-		126		-		45,375
Commercial:
Non-owner occupied		57		150,084		7,054		2,718		-		159,913
Owner occupied		-		87,636		1,537		876		-		90,049
Land		-		27,066		-		-		-		27,066
Construction		-		80,247		179		-		-		80,426
Consumer:
Home equity lines of credit:
Originated for portfolio		20,746		-		-		27		-		20,773
Purchased for portfolio		118		-		-		71		-		189
Other		2,429		-		-		-		-		2,429
	$	170,790	$	727,392	$	9,434	$	4,560	$	190	$	912,366

Components Of Net Investment In Direct Financing Leases


	March 31, 2021		December 31, 2020
	(unaudited)
Total minimum lease payments to be received	$	5,254	$	4,459
Less: unearned income		(531)		(326)
Net investment in direct financing leases	$	4,723	$	4,133

⁽¹⁾

There were no initial direct costs associated with these leases.

Summary Of Future Minimum Lease Payments Receivable


2021	$	943
2022		1,239
2023		1,198
2024		1,018
2025		720
Thereafter		136
	$	5,254