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Loans And Leases (Tables)

9 Months Ended

Sep. 30, 2021

Recorded Investment In Loans By Portfolio Segment




	September 30, 2021		December 31, 2020
	(unaudited)
Commercial ⁽¹⁾	$	293,542	$	338,286
Real estate:
Single-family residential		288,976		147,860
Multi-family residential		88,745		45,375
Commercial		359,995		277,028
Construction		82,488		80,426
Consumer:
Home equity lines of credit		23,050		20,962
Other		2,403		2,429
Subtotal		1,139,199		912,366
Less: ALLL		(15,487)		(17,022)
Loans and leases, net	$	1,123,712	$	895,344

⁽¹⁾Includes $21,620 and $4,133 of commercial leases at September 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 nine months ended September 30, 2021:



	Three months ended September 30, 2021 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	3,377	$	2,431	$	777	$	6,834	$	1,679	$	236	$	161	$	15,495
Addition to (reduction in) provision for loan losses		200		365		150		(550)		(200)		25		10		-
Charge-offs		-		(17)		-		-		-		-		-		(17)
Recoveries		-		4		-		-		-		5		-		9
Ending balance	$	3,577	$	2,783	$	927	$	6,284	$	1,479	$	266	$	171	$	15,487



	Nine months ended September 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		95		1,490		460		(2,900)		(775)		(25)		55		(1,600)
Charge-offs		-		(17)		-		-		-		-		-		(17)
Recoveries		56		11		-		-		-		15		-		82
Ending balance	$	3,577	$	2,783	$	927	$	6,284	$	1,479	$	266	$	171	$	15,487

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



	Three months ended September 30, 2020 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	2,664	$	999	$	567	$	4,534	$	1,024	$	263	$	56	$	10,107
Addition to (reduction in) provision for loan losses		610		500		-		4,400		250		-		(10)		5,750
Charge-offs		-		(350)		-		-		-		(21)		-		(371)
Recoveries		-		1		-		-		-		5		-		6
Ending balance	$	3,274	$	1,150	$	567	$	8,934	$	1,274	$	247	$	46	$	15,492

‎



	Nine months ended September 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		1,330		605		120		6,330		515		(10)		(15)		8,875
Charge-offs		(110)		(408)		-		-		-		(21)		-		(539)
Recoveries		-		5		-		-		-		13		-		18
Ending balance	$	3,274	$	1,150	$	567	$	8,934	$	1,274	$	247	$	46	$	15,492

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 September 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		3,577		2,783		927		6,261		1,479		266		171		15,464
Total ending allowance balance	$	3,577	$	2,783	$	927	$	6,284	$	1,479	$	266	$	171	$	15,487

Loans:
Individually evaluated for impairment	$	230	$	100	$	-	$	2,680	$	-	$	-	$	-	$	3,010
Collectively evaluated for impairment		293,312		288,876		88,745		357,315		82,488		23,050		2,403		1,136,189
Total ending loan balance	$	293,542	$	288,976	$	88,745	$	359,995	$	82,488	$	23,050	$	2,403	$	1,139,199

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 September 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 nine months ended September 30, 2021. Cash payments of interest on these loans during the three and nine months ended September 30, 2021 totaled $38 and $127, respectively.


							Three months ended				Nine months ended
	As of September 30, 2021						September 30, 2021				September 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⁾		494		230		-		235		2		247		7
Real estate:
Single-family residential ⁽¹⁾		100		100		-		101		2		102		4
Commercial:
Non-owner occupied		2,680		2,680		23		2,682		37		2,695		112
Total with an allowance recorded		3,274		3,010		23		3,018		41		3,044		123
Total	$	3,274	$	3,010	$	23	$	3,018	$	41	$	3,044	$	123

⁽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 nine months ended September 30, 2020. Cash payments of interest during the three and nine months ended September 30, 2020 totaled $51 and $105, respectively.


							Three months ended				Nine months ended
	As of December 31, 2020						September 30, 2020				September 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		-		80		2		111		8
Real estate:
Single-family residential ⁽¹⁾		104		104		-		105		1		106		3
Commercial:
Non-owner occupied		2,718		2,718		23		2,728		38		2,730		113
Total with an allowance recorded		3,355		3,090		23		2,913		41		2,947		124
Total	$	3,355	$	3,090	$	23	$	2,913	$	41	$	2,947	$	124

Recorded Investment In Nonaccrual Loans By Class Of Loans




	September 30, 2021		December 31, 2020
	(unaudited)
Loans past due over 90 days still on accrual	$	-	$	-
Nonaccrual loans:
Commercial		155		190
Real estate:
Single-family residential		659		421
Consumer:
Home equity lines of credit:
Originated for portfolio		153		12
Purchased for portfolio		44		72
Total nonaccrual		1,011		695
Total nonaccrual and nonperforming loans	$	1,011	$	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 September 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	$	276	$	-	$	-	$	276	$	293,266	$	155
Real estate:
Single-family residential		-		1,039		563		1,602		287,374		96
Multi-family residential		-		-		-		-		88,745		-
Commercial:
Non-owner occupied		-		-		-		-		196,592		-
Owner occupied		-		-		-		-		123,160		-
Land		-		-		-		-		40,243		-
Construction		-		-		-		-		82,488		-
Consumer:
Home equity lines of credit:
Originated for portfolio		-		-		153		153		22,724		-
Purchased for portfolio		-		-		44		44		129		-
Other		-		-		-		-		2,403		-
Total	$	276	$	1,039	$	760	$	2,075	$	1,137,124	$	251

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




	September 30, 2021		December 31, 2020
	(unaudited)
Commercial	$	155	$	190
Total	$	155	$	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 September 30, 2021 and based on the most recent analysis performed follows.


(unaudited)	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	-	$	293,298	$	-	$	89	$	155	$	293,542
Real estate:
Single-family residential		288,317		-		-		659		-		288,976
Multi-family residential		-		88,745		-		-		-		88,745
Commercial:
Non-owner occupied		-		187,454		6,458		2,680		-		196,592
Owner occupied		-		120,434		1,939		787		-		123,160
Land		-		40,243		-		-		-		40,243
Construction		-		81,949		539		-		-		82,488
Consumer:
Home equity lines of credit:
Originated for portfolio		22,724		-		-		153		-		22,877
Purchased for portfolio		129		-		-		44		-		173
Other		2,403		-		-		-		-		2,403
	$	313,573	$	812,123	$	8,936	$	4,412	$	155	$	1,139,199

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


	September 30, 2021		December 31, 2020
	(unaudited)
Total minimum lease payments to be received	$	23,884	$	4,459
Less: unearned income		(2,324)		(326)
Plus: Indirect initial costs		60		-
Net investment in direct financing leases	$	21,620	$	4,133

Summary Of Future Minimum Lease Payments Receivable


2021, excluding the nine months ended September 30, 2021	$	1,537
2022		5,514
2023		5,456
2024		5,089
2025		4,342
Thereafter		1,946
	$	23,884