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Loans And Leases (Tables)

6 Months Ended

Jun. 30, 2022

Recorded Investment In Loans By Portfolio Segment




	June 30, 2022		December 31, 2021
	(unaudited)
Commercial ⁽¹⁾	$	399,920	$	336,881
Real estate:
Single-family residential		408,035		346,797
Multi-family residential		77,943		76,785
Commercial		354,867		359,562
Construction		123,878		83,360
Consumer:
Home equity lines of credit		27,010		24,228
Other		2,106		2,044
Subtotal		1,393,759		1,229,657
Less: ALLL		(15,532)		(15,508)
Loans and leases, net	$	1,378,227	$	1,214,149

⁽¹⁾Includes $24,129 and $23,157 of commercial leases at June 30, 2022 and December 31, 2021, 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, 2022:



	Three months ended June 30, 2022 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	4,427	$	3,506	$	787	$	4,634	$	1,744	$	276	$	146	$	15,520
Addition to (reduction in) provision for loan losses		300		200		-		(650)		150		-		-		-
Charge-offs		-		-		-		-		-		-		-		-
Recoveries		-		9		-		-		-		3		-		12
Ending balance	$	4,727	$	3,715	$	787	$	3,984	$	1,894	$	279	$	146	$	15,532



	Six months ended June 30, 2022 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	4,127	$	3,348	$	827	$	5,034	$	1,744	$	272	$	156	$	15,508
Addition to (reduction in) provision for loan losses		600		350		(40)		(1,050)		150		-		(10)		-
Charge-offs		-		-		-		-		-		-		-		-
Recoveries		-		17		-		-		-		7		-		24
Ending balance	$	4,727	$	3,715	$	787	$	3,984	$	1,894	$	279	$	146	$	15,532

The following table presents 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

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, 2022 (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	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Collectively evaluated for impairment		4,727		3,715		787		3,984		1,894		279		146		15,532
Total ending allowance balance	$	4,727	$	3,715	$	787	$	3,984	$	1,894	$	279	$	146	$	15,532

Loans:
Individually evaluated for impairment	$	118	$	98	$	-	$	-	$	-	$	-	$	-	$	216
Collectively evaluated for impairment		399,802		407,937		77,943		354,867		123,878		27,010		2,106		1,393,543
Total ending loan balance	$	399,920	$	408,035	$	77,943	$	354,867	$	123,878	$	27,010	$	2,106	$	1,393,759

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, 2021:



			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	$	-	$	-	$	-	$	20	$	-	$	-	$	-	$	20
Collectively evaluated for impairment		4,127		3,348		827		5,014		1,744		272		156		15,488
Total ending allowance balance	$	4,127	$	3,348	$	827	$	5,034	$	1,744	$	272	$	156	$	15,508

Loans:
Individually evaluated for impairment	$	221	$	99	$	-	$	2,658	$	-	$	-	$	-	$	2,978
Collectively evaluated for impairment		336,660		346,698		76,785		356,904		83,360		24,228		2,044		1,226,679
Total ending loan balance	$	336,881	$	346,797	$	76,785	$	359,562	$	83,360	$	24,228	$	2,044	$	1,229,657

Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2022. 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 also presents the average recorded investment and accrual basis interest income recognized during the three and six months ended June 30, 2022. Cash payments of interest on these loans during the three and six months ended June 30, 2022 totaled $10 and $40, respectively.


							Three months ended				Six months ended
	As of June 30, 2022						June 30, 2022				June 30, 2022
	(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⁾		382		118		-		123		-		144		1
Real estate:
Single-family residential ⁽¹⁾		98		98		-		98		1		98		3
Commercial:
Non-owner occupied		-		-		-		-		-		700		17
Total with an allowance recorded		480		216		-		221		1		942		21
Total	$	480	$	216	$	-	$	221	$	1	$	942	$	21

⁽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, 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 also presents the average recorded investment and accrual basis interest income recognized during the three and six months ended June 30, 2021. Cash payments of interest during the three and six months ended June 30, 2021 totaled $41 and $89, respectively.


							Three months ended				Six months ended
	As of December 31, 2021						June 30, 2021				June 30, 2021
							(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⁾		485		221		-		247		2		253		5
Real estate:
Single-family residential ⁽¹⁾		99		99		-		101		1		102		2
Commercial:
Non-owner occupied		2,658		2,658		20		2,693		37		2,702		75
Total with an allowance recorded		3,242		2,978		20		3,041		40		3,057		82
Total	$	3,242	$	2,978	$	20	$	3,041	$	40	$	3,057	$	82

Recorded Investment In Nonaccrual Loans By Class Of Loans




	June 30, 2022		December 31, 2021
	(unaudited)
Loans past due over 90 days still on accrual	$	-	$	-
Nonaccrual loans:
Commercial		118		147
Real estate:
Single-family residential		650		656
Consumer:
Home equity lines of credit:
Originated for portfolio		153		153
Purchased for portfolio		-		41
Total nonaccrual		921		997
Total nonaccrual and nonperforming loans	$	921	$	997

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, 2022 (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	$	-	$	-	$	-	$	-	$	399,920	$	118
Real estate:
Single-family residential		-		-		563		563		407,472		87
Multi-family residential		-		-		-		-		77,943		-
Commercial:
Non-owner occupied		-		-		-		-		176,383		-
Owner occupied		-		-		-		-		139,268		-
Land		-		-		-		-		39,216		-
Construction		-		-		-		-		123,878		-
Consumer:
Home equity lines of credit:
Originated for portfolio		-		-		153		153		26,738		-
Purchased for portfolio		-		-		-		-		119		-
Other		-		-		-		-		2,106		-
Total	$	-	$	-	$	716	$	716	$	1,393,043	$	205

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2021:



	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	$	-	$	-	$	-	$	-	$	336,881	$	147
Real estate:
Single-family residential		2,144		652		563		3,359		343,438		93
Multi-family residential		-		-		-		-		76,785		-
Commercial:
Non-owner occupied		-		-		-		-		185,130		-
Owner occupied		-		-		-		-		134,352		-
Land		-		-		-		-		40,080		-
Construction		-		-		-		-		83,360		-
Consumer:
Home equity lines of credit:
Originated for portfolio		2		-		153		155		23,909		-
Purchased for portfolio		-		-		41		41		123		-
Other		-		-		-		-		2,044		-
Total	$	2,146	$	652	$	757	$	3,555	$	1,226,102	$	240

Nonaccrual Loans As Troubled Debt Restructuring




	June 30, 2022		December 31, 2021
	(unaudited)
Commercial	$	118	$	147
Total	$	118	$	147

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, 2022 and based on the most recent analysis performed follows.


(unaudited)	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	-	$	399,802	$	-	$	-	$	118	$	399,920
Real estate:
Single-family residential		407,385		-		-		650		-		408,035
Multi-family residential		-		77,943		-		-		-		77,943
Commercial:
Non-owner occupied		-		176,383		-		-		-		176,383
Owner occupied		-		137,499		1,769		-		-		139,268
Land		-		39,216		-		-		-		39,216
Construction		1,486		121,865		527		-		-		123,878
Consumer:
Home equity lines of credit:
Originated for portfolio		26,738		-		-		153		-		26,891
Purchased for portfolio		119		-		-		-		-		119
Other		2,106		-		-		-		-		2,106
	$	437,834	$	952,708	$	2,296	$	803	$	118	$	1,393,759

The recorded investment in loans and leases by risk category and by class of loans and leases as of December 31, 2021 follows.



	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	-	$	336,660	$	-	$	74	$	147	$	336,881
Real estate:
Single-family residential		346,141		-		-		656		-		346,797
Multi-family residential		-		76,785		-		-		-		76,785
Commercial:
Non-owner occupied		-		182,472		-		2,658		-		185,130
Owner occupied		-		132,470		1,882		-		-		134,352
Land		-		40,080		-		-		-		40,080
Construction		-		82,825		535		-		-		83,360
Consumer:
Home equity lines of credit:
Originated for portfolio		23,911		-		-		153		-		24,064
Purchased for portfolio		123		-		-		41		-		164
Other		2,044		-		-		-		-		2,044
	$	372,219	$	851,292	$	2,417	$	3,582	$	147	$	1,229,657

Components Of Net Investment In Direct Financing Leases


	June 30, 2022		December 31, 2021
	(unaudited)
Total minimum lease payments to be received	$	26,410	$	25,488
Less: unearned income		(2,324)		(2,385)
Plus: Indirect initial costs		43		54
Net investment in direct financing leases	$	24,129	$	23,157

Summary Of Future Minimum Lease Payments Receivable


2022, excluding the six months ended June 30, 2022	$	3,650
2023		7,005
2024		6,600
2025		5,679
2026		2,927
Thereafter		549
Total future minimum payments	$	26,410