XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.1
Loans (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022, and December 31, 2021:
 
In thousandsPassSpecial MentionSubstandardDoubtfulTotal
MARCH 31, 2022     
Originated Loans
Commercial and industrial$150,964 $3,896 $1,485 $ $156,345 
Commercial real estate540,339 42,290 7,648  590,277 
Commercial real estate construction45,857 2,331   48,188 
Residential mortgage294,728 3,960 75  298,763 
Home equity lines of credit70,387 792   71,179 
Consumer10,646    10,646 
Total Originated Loans1,112,921 53,269 9,208  1,175,398 
Acquired Loans
Commercial and industrial29,943 1,476 368  31,787 
Commercial real estate197,397 9,557 3,046  210,000 
Commercial real estate construction4,018 2,160   6,178 
Residential mortgage37,722 4,193 852  42,767 
Home equity lines of credit16,592 37 548  17,177 
Consumer1,019    1,019 
Total Acquired Loans286,691 17,423 4,814  308,928 
Total Loans
Commercial and industrial180,907 5,372 1,853  188,132 
Commercial real estate737,736 51,847 10,694  800,277 
Commercial real estate construction49,875 4,491   54,366 
Residential mortgage332,450 8,153 927  341,530 
Home equity lines of credit86,979 829 548  88,356 
Consumer11,665    11,665 
Total Loans$1,399,612 $70,692 $14,022 $ $1,484,326 
In thousandsPassSpecial MentionSubstandardDoubtfulTotal
DECEMBER 31, 2021     
Originated Loans
Commercial and industrial$139,908 $5,549 $2,056 $— $147,513 
Commercial real estate500,978 56,462 8,658 — 566,098 
Commercial real estate construction41,002 1,659 — — 42,661 
Residential mortgage299,041 4,961 75 — 304,077 
Home equity lines of credit74,094 883 — — 74,977 
Consumer9,708 — — — 9,708 
Total Originated Loans1,064,731 69,514 10,789 — 1,145,034 
Acquired Loans
Commercial and industrial29,728 1,555 771 — 32,054 
Commercial real estate207,937 11,596 624 — 220,157 
Commercial real estate construction5,228 2,111 — — 7,339 
Residential mortgage39,378 4,175 1,495 — 45,048 
Home equity lines of credit17,491 37 257 — 17,785 
Consumer997 — 13 — 1,010 
Total Acquired Loans300,759 19,474 3,160 — 323,393 
Total Loans
Commercial and industrial169,636 7,104 2,827 — 179,567 
Commercial real estate708,915 68,058 9,282 — 786,255 
Commercial real estate construction46,230 3,770 — — 50,000 
Residential mortgage338,419 9,136 1,570 — 349,125 
Home equity lines of credit91,585 920 257 — 92,762 
Consumer10,705 — 13 — 10,718 
Total Loans$1,365,490 $88,988 $13,949 $— $1,468,427 
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, 2022Three Months Ended March 31, 2021
Balance at beginning of period$435 $596 
Acquisitions of impaired loans  
Reclassification from non-accretable differences  
Accretion to loan interest income(103)(98)
Balance at end of period$332 $498 
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, 2022, and December 31, 2021:
 
 Impaired Loans with AllowanceImpaired Loans with
No Allowance
In thousandsRecorded
Investment
Unpaid
Principal
Balance
Related
Allowance
Recorded
Investment
Unpaid
Principal
Balance
MARCH 31, 2022     
Commercial and industrial$953 $953 $802 $11 $11 
Commercial real estate1,311 1,311 836 5,813 5,813 
Commercial real estate construction     
Residential mortgage     
Home equity lines of credit     
 $2,264 $2,264 $1,638 $5,824 $5,824 
DECEMBER 31, 2021     
Commercial and industrial$1,005 $1,005 $855 $482 $1,452 
Commercial real estate1,311 1,311 600 6,265 6,265 
Commercial real estate construction— — — — — 
Residential mortgage— — — — — 
Home equity lines of credit— — — — — 
 $2,316 $2,316 $1,455 $6,747 $7,717 
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, 2022 and 2021:
 
 Impaired Loans with
Allowance
Impaired Loans with
No Allowance
In thousandsAverage
Recorded
Investment
Interest
Income
Average
Recorded
Investment
Interest
Income
MARCH 31, 2022    
Commercial and industrial$1,220 $ $6 $ 
Commercial real estate1,311  5,927 52 
Commercial real estate construction  111  
Residential mortgage    
Home equity lines of credit    
 $2,531 $ $6,044 $52 
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 
Schedule of nonaccrual loans by loan portfolio class
The following table presents nonaccrual loans by loan portfolio class as of March 31, 2022, and December 31, 2021, the table below excludes $3.9 million in purchase credit impaired loans, net of unamortized fair value adjustments: 
In thousandsMarch 31, 2022December 31, 2021
Commercial and industrial$964 $1,487 
Commercial real estate3,579 4,002 
Commercial real estate construction — 
Residential mortgage — 
Home equity lines of credit — 
 $4,543 $5,489 
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, 2022, and December 31, 2021:
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, 2022
Originated Loans       
Commercial and industrial$114 $ $170 $284 $156,061 $156,345 $ 
Commercial real estate2,711  2,118 4,829 585,448 590,277  
Commercial real estate construction    48,188 48,188  
Residential mortgage1,351 105 557 2,013 296,750 298,763 557 
Home equity lines of credit234 63 252 549 70,630 71,179 252 
Consumer78 4  82 10,564 10,646  
Total originated loans4,488 172 3,097 7,757 1,167,641 1,175,398 809 
Acquired Loans
Commercial and industrial    31,787 31,787  
Commercial real estate    210,000 210,000  
Commercial real estate construction    6,178 6,178  
Residential mortgage690 100  790 41,977 42,767  
Home equity lines of credit 91 155 246 16,931 17,177 155 
Consumer    1,019 1,019  
Total acquired loans690 191 155 1,036 307,892 308,928 155 
Total Loans
Commercial and industrial114  170 284 187,848 188,132  
Commercial real estate2,711  2,118 4,829 795,448 800,277  
Commercial real estate construction    54,366 54,366  
Residential mortgage2,041 205 557 2,803 338,727 341,530 557 
Home equity lines of credit234 154 407 795 87,561 88,356 407 
Consumer78 4  82 11,583 11,665  
Total Loans$5,178 $363 $3,252 $8,793 $1,475,533 $1,484,326 $964 
    
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, 2021
Originated Loans       
Commercial and industrial$20 $64 $1,397 $1,481 $146,032 $147,513 $— 
Commercial real estate— — 2,483 2,483 563,615 566,098 — 
Commercial real estate construction— — — — 42,661 42,661 — 
Residential mortgage970 140 475 1,585 302,492 304,077 475 
Home equity lines of credit239 42 255 536 74,441 74,977 255 
Consumer84 58 — 142 9,566 9,708 — 
Total originated loans1,313 304 4,610 6,227 1,138,807 1,145,034 730 
Acquired Loans
Commercial and industrial— — — — 32,054 32,054 — 
Commercial real estate— 270 — 270 219,887 220,157 — 
Commercial real estate construction— — — — 7,339 7,339 — 
Residential mortgage210 950 — 1,160 43,888 45,048 — 
Home equity lines of credit1,156 — — 1,156 16,629 17,785 — 
Consumer— — — — 1,010 1,010 — 
Total acquired loans1,366 1,220 — 2,586 320,807 323,393 — 
Total Loans
Commercial and industrial20 64 1,397 1,481 178,086 179,567 — 
Commercial real estate— 270 2,483 2,753 783,502 786,255 — 
Commercial real estate construction— — — — 50,000 50,000 — 
Residential mortgage1,180 1,090 475 2,745 346,380 349,125 475 
Home equity lines of credit1,395 42 255 1,692 91,070 92,762 255 
Consumer84 58 — 142 10,576 10,718 — 
Total Loans$2,679 $1,524 $4,610 $8,813 $1,459,614 $1,468,427 $730 
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, 2022        
Allowance for Loan Losses        
Beginning balance - January 1, 2022$3,176 $10,716 $616 $3,235 $501 $408 $381 $19,033 
Charge-offs(63)    (19) (82)
Recoveries10     2  12 
Provisions (credits)157 (91)50 (153)(75)(6)118  
Ending balance - March 31, 2022$3,280 $10,625 $666 $3,082 $426 $385 $499 $18,963 
Ending balance: individually evaluated for impairment
$802 $836 $ $ $ $ $ $1,638 
Ending balance: collectively evaluated for impairment
$2,478 $9,789 $666 $3,082 $426 $385 $499 $17,325 
Loans Receivable        
Ending balance$188,132 $800,277 $54,366 $341,530 $88,356 $11,665 $ $1,484,326 
Ending balance: individually evaluated for impairment
$964 $7,124 $ $ $ $ $ $8,088 
Ending balance: collectively evaluated for impairment
$187,168 $793,153 $54,366 $341,530 $88,356 $11,665 $ $1,476,238 
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)
Recoveries— — — — — 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 
In thousandsCommercial
and
Industrial
Commercial
Real Estate
Commercial
Real Estate
Construction
Residential
Mortgage
Home Equity
Lines of
Credit
ConsumerUnallocatedTotal
AS OF DECEMBER 31, 2021       
Allowance for Loan Losses        
Ending balance$3,176 $10,716 $616 $3,235 $501 $408 $381 $19,033 
Ending balance: individually evaluated for impairment
$855 $600 $— $— $— $— $— $1,455 
Ending balance: collectively evaluated for impairment
$2,321 $10,116 $616 $3,235 $501 $408 $381 $17,578 
Loans Receivable        
Ending balance$179,567 $786,255 $50,000 $349,125 $92,762 $10,718 $— $1,468,427 
Ending balance: individually evaluated for impairment
$1,487 $7,576 $— $— $— $— $— $9,063 
Ending balance: collectively evaluated for impairment
$178,080 $778,679 $50,000 $349,125 $92,762 $10,718 $— $1,459,364