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Loans And Leases (Tables)

6 Months Ended

Jun. 30, 2021

Recorded Investment In Loans By Portfolio Segment




	June 30, 2021		December 31, 2020
	(unaudited)
Commercial ⁽¹⁾	$	281,368	$	338,286
Real estate:
Single-family residential		240,531		147,860
Multi-family residential		72,998		45,375
Commercial		314,512		277,028
Construction		86,033		80,426
Consumer:
Home equity lines of credit		19,111		20,962
Other		2,419		2,429
Subtotal		1,016,972		912,366
Less: ALLL		(15,495)		(17,022)
Loans and leases, net	$	1,001,477	$	895,344

⁽¹⁾Includes $18,025 and $4,133 of commercial leases at June 30, 2021 and December 31, 2020, respectively.

Activity In ALLL By Portfolio Segment

The following tables present the activity in the ALLL by portfolio segment for the three and six months ended June 30, 2021:



	Three months ended June 30, 2021 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	3,427	$	1,827	$	477	$	8,684	$	2,229	$	281	$	161	$	17,086
Addition to (reduction in) provision for loan losses		(50)		600		300		(1,850)		(550)		(50)		-		(1,600)
Charge-offs		-		-		-		-		-		-		-		-
Recoveries		-		4		-		-		-		5		-		9
Ending balance	$	3,377	$	2,431	$	777	$	6,834	$	1,679	$	236	$	161	$	15,495



	Six months ended June 30, 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		(105)		1,125		310		(2,350)		(575)		(50)		45		(1,600)
Charge-offs		-		-		-		-		-		-		-		-
Recoveries		56		7		-		-		-		10		-		73
Ending balance	$	3,377	$	2,431	$	777	$	6,834	$	1,679	$	236	$	161	$	15,495

The following table presents the activity in the ALLL by portfolio segment for the three and six months ended June 30, 2020:



	Three months ended June 30, 2020 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	2,103	$	905	$	512	$	2,674	$	574	$	249	$	56	$	7,073
Addition to (reduction in) provision for loan losses		600		150		55		1,860		450		10		-		3,125
Charge-offs		(39)		(58)		-		-		-		-		-		(97)
Recoveries		-		2		-		-		-		4		-		6
Ending balance	$	2,664	$	999	$	567	$	4,534	$	1,024	$	263	$	56	$	10,107

‎



	Six months ended June 30, 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		720		105		120		1,930		265		(10)		(5)		3,125
Charge-offs		(110)		(58)		-		-		-		-		-		(168)
Recoveries		-		4		-		-		-		8		-		12
Ending balance	$	2,664	$	999	$	567	$	4,534	$	1,024	$	263	$	56	$	10,107

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 June 30, 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		3,377		2,431		777		6,811		1,679		236		161		15,472
Total ending allowance balance	$	3,377	$	2,431	$	777	$	6,834	$	1,679	$	236	$	161	$	15,495

Loans:
Individually evaluated for impairment	$	243	$	101	$	-	$	2,686	$	-	$	-	$	-	$	3,030
Collectively evaluated for impairment		281,125		240,430		72,998		311,826		86,033		19,111		2,419		1,013,942
Total ending loan balance	$	281,368	$	240,531	$	72,998	$	314,512	$	86,033	$	19,111	$	2,419	$	1,016,972

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 June 30, 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 and six months ended June 30, 2021. Cash payments of interest on these loans during the three and six months ended June 30, 2021 totaled $41 and $89, respectively.


							Three months ended				Six months ended
	As of June 30, 2021						June 30, 2021				June 30, 2021
	(unaudited)						(unaudited)				(unaudited)
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized		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⁾		507		243		-		247		2		253		5
Real estate:
Single-family residential ⁽¹⁾		101		101		-		101		1		102		2
Commercial:
Non-owner occupied		2,686		2,686		23		2,693		37		2,702		75
Total with an allowance recorded		3,294		3,030		23		3,041		40		3,057		82
Total	$	3,294	$	3,030	$	23	$	3,041	$	40	$	3,057	$	82

⁽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 and six months ended June 30, 2020. Cash payments of interest during the three and six months ended June 30, 2020 totaled $11 and $53, respectively.


							Three months ended				Six months ended
	As of December 31, 2020						June 30, 2020				June 30, 2020
							(unaudited)				(unaudited)
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized		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		-		108		3		126		5
Real estate:
Single-family residential ⁽¹⁾		104		104		-		106		-		106		1
Commercial:
Non-owner occupied		2,718		2,718		23		2,730		38		2,732		75
Total with an allowance recorded		3,355		3,090		23		2,944		41		2,964		81
Total	$	3,355	$	3,090	$	23	$	2,944	$	41	$	2,964	$	81

Recorded Investment In Nonaccrual Loans By Class Of Loans




	June 30, 2021		December 31, 2020
	(unaudited)
Loans past due over 90 days still on accrual	$	-	$	-
Nonaccrual loans:
Commercial		166		190
Real estate:
Single-family residential		117		421
Consumer:
Home equity lines of credit:
Originated for portfolio		-		12
Purchased for portfolio		44		72
Total nonaccrual		327		695
Total nonaccrual and nonperforming loans	$	327	$	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 June 30, 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	$	-	$	-	$	-	$	-	$	281,368	$	166
Real estate:
Single-family residential		-		461		17		478		240,053		100
Multi-family residential		-		-		-		-		72,998		-
Commercial:
Non-owner occupied		-		-		-		-		174,089		-
Owner occupied		-		-		-		-		112,343		-
Land		-		-		-		-		28,080		-
Construction		-		-		-		-		86,033		-
Consumer:
Home equity lines of credit:
Originated for portfolio		113		-		-		113		18,823		-
Purchased for portfolio		44		-		-		44		131		44
Other		-		-		-		-		2,419		-
Total	$	157	$	461	$	17	$	635	$	1,016,337	$	310

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




	June 30, 2021		December 31, 2020
	(unaudited)
Commercial	$	166	$	190
Total	$	166	$	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 June 30, 2021 and based on the most recent analysis performed follows.


(unaudited)	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	-	$	280,911	$	131	$	160	$	166	$	281,368
Real estate:
Single-family residential		240,414		-		-		117		-		240,531
Multi-family residential		-		72,884		-		114		-		72,998
Commercial:
Non-owner occupied		-		164,756		6,646		2,687		-		174,089
Owner occupied		-		109,014		2,488		841		-		112,343
Land		-		28,080		-		-		-		28,080
Construction		-		85,596		437		-		-		86,033
Consumer:
Home equity lines of credit:
Originated for portfolio		18,936		-		-		-		-		18,936
Purchased for portfolio		131		-		-		44		-		175
Other		2,419		-		-		-		-		2,419
	$	261,900	$	741,241	$	9,702	$	3,963	$	166	$	1,016,972

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


	June 30, 2021		December 31, 2020
	(unaudited)
Total minimum lease payments to be received	$	20,146	$	4,459
Less: unearned income		(2,121)		(326)
Net investment in direct financing leases	$	18,025	$	4,133

⁽¹⁾There were no initial direct costs associated with these leases.

Summary Of Future Minimum Lease Payments Receivable


2021, excluding the six months ended June 30, 2021	$	2,316
2022		4,517
2023		4,459
2024		4,092
2025		3,310
Thereafter		1,452
	$	20,146