XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Loans (Tables)
 3 Months Ended
Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of classes of loan portfolio summarized by the aggregate risk rating
The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard, and doubtful within the Corporation’s internal risk rating system as of March 31, 2021, and December 31, 2020:
 
In thousandsPassSpecial MentionSubstandardDoubtfulTotal
MARCH 31, 2021     
Originated Loans
Commercial and industrial$267,234 $4,521 $3,368 $— $275,123 
Commercial real estate438,258 56,452 10,269 — 504,979 
Commercial real estate construction36,030 1,552 — — 37,582 
Residential mortgage311,659 5,319 178 — 317,156 
Home equity lines of credit76,153 496 — — 76,649 
Consumer11,111 — — — 11,111 
Total Originated Loans1,140,445 68,340 13,815 — 1,222,600 
Acquired Loans
Commercial and industrial37,549 1,558 1,480 — 40,587 
Commercial real estate235,532 14,985 3,839 — 254,356 
Commercial real estate construction10,189 2,361 — — 12,550 
Residential mortgage52,933 3,588 2,264 — 58,785 
Home equity lines of credit20,089 37 483 — 20,609 
Consumer1,231 — — — 1,231 
Total Acquired Loans357,523 22,529 8,066 — 388,118 
Total Loans
Commercial and industrial304,783 6,079 4,848 — 315,710 
Commercial real estate673,790 71,437 14,108 — 759,335 
Commercial real estate construction46,219 3,913 — — 50,132 
Residential mortgage364,592 8,907 2,442 — 375,941 
Home equity lines of credit96,242 533 483 — 97,258 
Consumer12,342 — — — 12,342 
Total Loans$1,497,968 $90,869 $21,881 $— $1,610,718 
In thousandsPassSpecial MentionSubstandardDoubtfulTotal
DECEMBER 31, 2020     
Originated Loans
Commercial and industrial$270,047 $5,168 $2,688 $— $277,903 
Commercial real estate414,538 54,122 10,463 — 479,123 
Commercial real estate construction39,462 1,746 — — 41,208 
Residential mortgage332,632 4,327 178 — 337,137 
Home equity lines of credit80,560 346 — — 80,906 
Consumer11,819 — — — 11,819 
Total Originated Loans1,149,058 65,709 13,329 — 1,228,096 
Acquired Loans
Commercial and industrial38,882 1,893 1,476 — 42,251 
Commercial real estate245,597 16,706 3,201 — 265,504 
Commercial real estate construction10,300 2,394 — — 12,694 
Residential mortgage58,787 3,535 1,881 — 64,203 
Home equity lines of credit23,165 97 442 — 23,704 
Consumer1,330 — 2 — 1,332 
Total Acquired Loans378,061 24,625 7,002 — 409,688 
Total Loans
Commercial and industrial308,929 7,061 4,164 — 320,154 
Commercial real estate660,135 70,828 13,664 — 744,627 
Commercial real estate construction49,762 4,140 — — 53,902 
Residential mortgage391,419 7,862 2,059 — 401,340 
Home equity lines of credit103,725 443 442 — 104,610 
Consumer13,149 — 2 — 13,151 
Total Loans$1,527,119 $90,334 $20,331 $— $1,637,784 
Schedule of changes In accretable yields of acquired loans
The following table provides changes in accretable yield for all acquired loans accounted for under ASC 310-30. Loans accounted for under ASC 310-20 are not included in this table.
In thousandsThree Months Ended March 31, 2021Three Months Ended March 31, 2020
Balance at beginning of period$596 $642 
Acquisitions of impaired loans— 354 
Reclassification from non-accretable differences— — 
Accretion to loan interest income(98)(128)
Balance at end of period$498 $868 
Summary of information relative to impaired loans by loan portfolio class
The following table summarizes information relative to impaired loans by loan portfolio class as of March 31, 2021, and December 31, 2020:
 
 Impaired Loans with AllowanceImpaired Loans with
No Allowance
In thousandsRecorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Recorded
Investment		Unpaid
Principal
Balance
MARCH 31, 2021     
Commercial and industrial$2,739 $2,739 $1,954 $— $— 
Commercial real estate1,703 1,703 152 6,802 6,802 
Commercial real estate construction— — — — — 
Residential mortgage— — — 101 101 
Home equity lines of credit— — — — — 
 $4,442 $4,442 $2,106 $6,903 $6,903 
DECEMBER 31, 2020     
Commercial and industrial$2,031 $2,031 $1,224 $— $— 
Commercial real estate2,728 2,728 158 5,861 5,861 
Commercial real estate construction— — — — — 
Residential mortgage— — — 101 101 
Home equity lines of credit— — — — — 
 $4,759 $4,759 $1,382 $5,962 $5,962 
Summary of information in regards to the average of impaired loans and related income by loan portfolio class
The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the three months ended March 31, 2021 and 2020:
 
 Impaired Loans with
Allowance		Impaired Loans with
No Allowance
In thousandsAverage
Recorded
Investment		Interest
Income		Average
Recorded
Investment		Interest
Income
MARCH 31, 2021    
Commercial and industrial$2,385 $— $— $— 
Commercial real estate1,703 — 6,716 54 
Commercial real estate construction— — 128 — 
Residential mortgage— — 101 — 
Home equity lines of credit— — — — 
 $4,088 $— $6,945 $54 
MARCH 31, 2020    
Commercial and industrial$62 $— $— $— 
Commercial real estate530 — 7,340 70 
Commercial real estate construction— — — — 
Residential mortgage— — 136 7 
Home equity lines of credit— — 76 — 
 $592 $— $7,552 $77 
Schedule of nonaccrual loans by loan portfolio class
The following table presents nonaccrual loans by loan portfolio class as of March 31, 2021, and December 31, 2020, the table below excludes $6.0 million in purchase credit impaired loans, net of unamortized fair value adjustments: 
In thousandsMarch 31, 2021December 31, 2020
Commercial and industrial$2,739 $2,031 
Commercial real estate4,852 4,909 
Commercial real estate construction— — 
Residential mortgage101 101 
Home equity lines of credit— — 
 $7,692 $7,041 
Schedule of classes of loan portfolio summarized by the past due status
The following table presents the classes of the loan portfolio summarized by the past due status as of March 31, 2021, and December 31, 2020:
In thousands30–59 Days Past Due60–89 Days
Past Due		>90 Days
Past Due		Total Past
Due		CurrentTotal Loans
Receivable		Loans
Receivable
>90 Days
and
Accruing
MARCH 31, 2021
Originated Loans       
Commercial and industrial$85 $1,319 $1,274 $2,678 $272,445 $275,123 $— 
Commercial real estate464 552 2,933 3,949 501,030 504,979 — 
Commercial real estate construction— — — — 37,582 37,582 — 
Residential mortgage1,752 — 451 2,203 314,953 317,156 351 
Home equity lines of credit91 — 72 163 76,486 76,649 72 
Consumer30 16 — 46 11,065 11,111 — 
Total originated loans2,422 1,887 4,730 9,039 1,213,561 1,222,600 423 
Acquired Loans
Commercial and industrial14 — — 14 40,573 40,587 — 
Commercial real estate— — — — 254,356 254,356 — 
Commercial real estate construction— — 97 97 12,453 12,550 97 
Residential mortgage823 — 145 968 57,817 58,785 145 
Home equity lines of credit— 29 10 39 20,570 20,609 10 
Consumer— — — — 1,231 1,231 — 
Total acquired loans837 29 252 1,118 387,000 388,118 252 
Total Loans
Commercial and industrial99 1,319 1,274 2,692 313,018 315,710 — 
Commercial real estate464 552 2,933 3,949 755,386 759,335 — 
Commercial real estate construction— — 97 97 50,035 50,132 97 
Residential mortgage2,575 — 596 3,171 372,770 375,941 496 
Home equity lines of credit91 29 82 202 97,056 97,258 82 
Consumer30 16 — 46 12,296 12,342 — 
Total Loans$3,259 $1,916 $4,982 $10,157 $1,600,561 $1,610,718 $675 
    
In thousands30–59 Days Past Due60–89 Days
Past Due		>90 Days
Past Due		Total Past
Due		CurrentTotal Loans
Receivable		Loans
Receivable
>90 Days
and
Accruing
DECEMBER 31, 2020
Originated Loans       
Commercial and industrial$1,432 $— $— $1,432 $276,471 $277,903 $— 
Commercial real estate133 2,463 1,631 4,227 474,896 479,123 — 
Commercial real estate construction— 76 — 76 41,132 41,208 — 
Residential mortgage1,382 335 623 2,340 334,797 337,137 522 
Home equity lines of credit54 60 58 172 80,734 80,906 58 
Consumer98 51 — 149 11,670 11,819 — 
Total originated loans3,099 2,985 2,312 8,396 1,219,700 1,228,096 580 
Acquired Loans
Commercial and industrial122 231 — 353 41,898 42,251 — 
Commercial real estate319 220 — 539 264,965 265,504 — 
Commercial real estate construction42 — 97 139 12,555 12,694 97 
Residential mortgage834 349 146 1,329 62,874 64,203 146 
Home equity lines of credit196 — 32 228 23,476 23,704 32 
Consumer— 16 — 16 1,316 1,332 — 
Total acquired loans1,513 816 275 2,604 407,084 409,688 275 
Total Loans
Commercial and industrial1,554 231 — 1,785 318,369 320,154 — 
Commercial real estate452 2,683 1,631 4,766 739,861 744,627 — 
Commercial real estate construction42 76 97 215 53,687 53,902 97 
Residential mortgage2,216 684 769 3,669 397,671 401,340 668 
Home equity lines of credit250 60 90 400 104,210 104,610 90 
Consumer98 67 — 165 12,986 13,151 — 
Total Loans$4,612 $3,801 $2,587 $11,000 $1,626,784 $1,637,784 $855 
Summary of allowance for loan losses and recorded investment in loans receivable The following tables summarize the allowance for loan losses and recorded investment in loans receivable:
In thousandsCommercial
and
Industrial		Commercial
Real Estate		Commercial
Real Estate
Construction		Residential
Mortgage		Home Equity
Lines of
Credit		ConsumerUnallocatedTotal
AS OF AND FOR THE PERIOD ENDED MARCH 31, 2021        
Allowance for Loan Losses        
Beginning balance - January 1, 2021$4,037 $9,569 $503 $3,395 $693 $648 $1,381 $20,226 
Charge-offs(18)— — — — (37)— (55)
Recoveries8 — — — — 8 — 16 
Provisions (credits)476 (29)40 (29)(64)(11)(333)50 
Ending balance - March 31, 2021$4,503 $9,540 $543 $3,366 $629 $608 $1,048 $20,237 
Ending balance: individually evaluated for impairment
$1,954 $152 $— $— $— $— $— $2,106 
Ending balance: collectively evaluated for impairment
$2,549 $9,388 $543 $3,366 $629 $608 $1,048 $18,131 
Loans Receivable        
Ending balance$315,710 $759,335 $50,132 $375,941 $97,258 $12,342 $— $1,610,718 
Ending balance: individually evaluated for impairment
$2,739 $8,505 $— $101 $— $— $— $11,345 
Ending balance: collectively evaluated for impairment
$312,971 $750,830 $50,132 $375,840 $97,258 $12,342 $— $1,599,373 
AS OF AND FOR THE PERIOD ENDED MARCH 31, 2020        
Allowance for Loan Losses        
Beginning balance - January 1, 2020$2,400 $6,693 $298 $2,555 $619 $650 $620 $13,835 
Charge-offs(2,017)— — — — (51)— (2,068)
Recoveries70 6 — — — 9 — 85 
Provisions (credits)2,193 812 (67)146 (14)15 915 4,000 
Ending balance - March 31, 2020$2,646 $7,511 $231 $2,701 $605 $623 $1,535 $15,852 
Ending balance: individually evaluated for impairment
$36 $42 $— $— $— $— $— $78 
Ending balance: collectively evaluated for impairment
$2,610 $7,469 $231 $2,701 $605 $623 $1,535 $15,774 
Loans Receivable        
Ending balance$208,859 $763,415 $44,198 $456,436 $118,603 $14,528 $— $1,606,039 
Ending balance: individually evaluated for impairment
$58 $8,357 $— $101 $68 $— $— $8,584 
Ending balance: collectively evaluated for impairment
$208,801 $755,058 $44,198 $456,335 $118,535 $14,528 $— $1,597,455 
In thousandsCommercial
and
Industrial		Commercial
Real Estate		Commercial
Real Estate
Construction		Residential
Mortgage		Home Equity
Lines of
Credit		ConsumerUnallocatedTotal
AS OF DECEMBER 31, 2020       
Allowance for Loan Losses        
Ending balance$4,037 $9,569 $503 $3,395 $693 $648 $1,381 $20,226 
Ending balance: individually evaluated for impairment
$1,224 $158 $— $— $— $— $— $1,382 
Ending balance: collectively evaluated for impairment
$2,813 $9,411 $503 $3,395 $693 $648 $1,381 $18,844 
Loans Receivable        
Ending balance$320,154 $744,627 $53,902 $401,340 $104,610 $13,151 $— $1,637,784 
Ending balance: individually evaluated for impairment
$2,031 $8,589 $— $101 $— $— $— $10,721 
Ending balance: collectively evaluated for impairment
$318,123 $736,038 $53,902 $401,239 $104,610 $13,151 $— $1,627,063 
Schedule of expected commercial loan modifications
Details with respect to actual loan modifications are as follows:    
Type of LoansNumber of LoansDeferral PeriodBalancePercentage of Capital
Commercial Purpose28 
Up to 6 months
$23,562,751 9.15 %
Consumer Purpose2 
Up to 6 months
157,609 0.06 
30 $23,720,360 
The following table provides information with respect to the Corporation’s Commercial loans by industry at March 31, 2021 that may have suffered, or are expected to suffer, greater losses as a result of COVID-19.
            
Type of LoansNumber of LoansBalancePercentage of Total Loan PortfolioPercentage of Capital
Lessors of Commercial Real Estate6 $6,105,203 0.38 %2.37 %
Lessors of Residential Real Estate— — — — 
Hospitality Industry (Hotels/Bed & Breakfast)5 13,479,711 0.84 5.24 
Food Services Industry1 55,248 0.00 0.02 
Other16 3,922,589 0.24 1.52 
28 $23,562,751 1.46 %9.15 %