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Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2021

Financing Receivable, Allowance for Credit Loss

The following table summarizes the activity in the allowance for credit losses, by portfolio loan classification, for the three months ended March 31, 2021 and 2020 (in thousands). The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments.


	Commercial and		Commercial		Residential						DDA
	Industrial		Real Estate		Real Estate		Home Equity		Consumer		Overdrafts		Total
Three months ended March 31, 2021
Beginning balance	$	3,644	$	10,997	$	8,093	$	630	$	163	$	1,022	$	24,549
Charge-offs	(34)		(1)		(93)		(64)		(147)		(453)		(792)
Recoveries	46		164		74		23		39		413		759
(Recovery of) provision for credit losses	(131)		(293)		(14)		19		96		(117)		(440)
Ending balance	$	3,525	$	10,867	$	8,060	$	608	$	151	$	865	$	24,076

Three months ended March 31, 2020
Beginning balance	$	2,059	$	2,606	$	3,448	$	1,187	$	975	$	1,314	11,589
Impact of adopting CECL	1,715		3,254		2,139		(598)		(810)		60		5,760
Charge-offs	(77)		(383)		(483)		(45)		(55)		(703)		(1,746)
Recoveries	9		203		95		47		13		451		818
Provision for credit losses	2,149		3,709		1,759		111		110		134		7,972
Ending balance	$	5,855	$	9,389	$	6,958	$	702	$	233	$	1,256	$	24,393

Financing Receivable, Nonaccrual

The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of March 31, 2021 (in thousands):


	Non-accrual With No		Non-accrual With		Loans Past Due
	Allowance for		Allowance for		Over 90 Days
	Credit Losses		Credit Losses		Still Accruing
Commercial & Industrial	$	172	$	1,028	$	295

1-4 Family	—		1,996		—
Hotels	—		2,748		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		749		—
Non Residential Owner Occupied	1,922		377		—
Commercial Real Estate	1,922		5,870		—

Residential Real Estate	1		3,003		—
Home Equity	—		88		—
Consumer	—		—		—
Total	$	2,095	$	9,989	$	295

The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of December 31, 2020 (in thousands):


	Non-accrual With No		Non-accrual With		Loans Past Due
	Allowance for		Allowance for		Over 90 Days
	Credit Losses		Credit Losses		Still Accruing
Commercial & Industrial	$	172	$	596	$	—

1-4 Family	—		2,056		—
Hotels	—		2,951		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		508		—
Non Residential Owner Occupied	2,297		589		—
Commercial Real Estate	2,297		6,104		—

Residential Real Estate	21		2,947		—
Home Equity	—		95		—
Consumer	—		—		—
Total	$	2,490	$	9,742	$	—

Impaired Financing Receivables

The following table presents the amortized cost basis of individually evaluated impaired collateral-dependent loans as of March 31, 2021 and December 31, 2020 (in thousands). Changes in the fair value of the collateral for collateral-dependent loans are reported as credit loss expense or a reversal of credit loss expense in the period of change.


	March 31, 2021				December 31, 2020
	Secured by				Secured by
	Real Estate		Equipment		Real Estate		Equipment
Commercial and industrial	$	172	$	—	$	173	$	—

1-4 Family	—		—		—		—
Hotels	2,863		—		2,837		—
Multi-family	—		—		—		—
Non Residential Non-Owner Occupied	—		—		—		—
Non Residential Owner Occupied	1,922		—		2,296		—
Commercial real estate	4,785		—		5,133		—
Total	$	4,957	$	—	$	5,306	$	—

Financing Receivable, Past Due

The following tables present the aging of the amortized cost basis in past-due loans as of March 31, 2021 and December 31, 2020 by class of loan (in thousands):


	March 31, 2021
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	1,063	$	—	$	295	$	1,358	$	368,637	$	1,200	$	371,195

1-4 Family	—		42		—		42		106,093		1,996		108,131
Hotels	—		—		—		—		290,428		2,748		293,176
Multi-family	—		—		—		—		212,561		—		212,561
Non Residential Non-Owner Occupied	219		18		—		237		648,697		749		649,683
Non Residential Owner Occupied	229		—		—		229		196,602		2,299		199,130
Commercial real estate	448		60		—		508		1,454,381		7,792		1,462,681

Residential real estate	3,547		511		—		4,058		1,525,845		3,004		1,532,907
Home Equity	390		93		—		483		129,438		88		130,009
Consumer	10		—		—		10		47,214		—		47,224
Overdrafts	210		2		—		212		2,495		—		2,707
Total	$	5,668	$	666	$	295	$	6,629	$	3,528,010	$	12,084	$	3,546,723


	December 31, 2020
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	1,213	$	27	$	—	$	1,240	$	370,981	$	768	$	372,989

1-4 Family	484		—		—		484		107,272		2,056		109,812
Hotels	—		—		—		—		291,513		2,951		294,464
Multi-family	—		—		—		—		215,671		—		215,671
Non Residential Non-Owner Occupied	119		—		—		119		640,724		508		641,351
Non Residential Owner Occupied	23		—		—		23		210,575		2,886		213,484
Commercial real estate	626		—		—		626		1,465,755		8,401		1,474,782

Residential real estate	5,177		816		—		5,993		1,578,733		2,968		1,587,694
Home Equity	575		—		—		575		135,799		95		136,469
Consumer	63		50		—		113		47,575		—		47,688
Overdrafts	334		7		—		341		2,156		—		2,497
Total	$	7,988	$	900	$	—	$	8,888	$	3,600,999	$	12,232	$	3,622,119

Financing Receivable, Troubled Debt Restructuring

The following table sets forth the Company’s TDRs (in thousands). Substantially all of the Company's TDRs are accruing interest.


	March 31, 2021		December 31, 2020
Commercial and industrial	$	—	$	—

1-4 Family	119		121
Hotels	2,634		2,634
Multi-family	1,862		1,883
Non Residential Non-Owner Occupied	—		—
Non Residential Owner Occupied	—		—
Commercial real estate	4,615		4,638

Residential real estate	18,572		19,226
Home equity	1,956		2,001
Consumer	211		277
Total	$	25,354	$	26,142

The following table presents loans by class, modified as TDRs, that occurred during the three months ended March 31, 2021 and 2020, respectively (dollars in thousands):


	March 31, 2021					March 31, 2020
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number of	Recorded		Recorded		Number of	Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment
Commercial and industrial	—	$	—	$	—	—	$	—	$	—

1-4 Family	—	—		—		—	—		—
Hotels	—	—		—		—	—		—
Multi-family	—	—		—		—	—		—
Non Owner Non-Owner Occupied	—	—		—		—	—		—
Non Owner Owner Occupied	—	—		—		—	—		—
Commercial real estate	—	—		—		—	—		—

Residential real estate	3	154		154		9	807		805
Home equity	—	—		—		2	70		70
Consumer	—	—		—		—	—		—
Total	3	$	154	$	154	11	$	877	$	875

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at March 31, 2021 is as follows (in thousands):


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	44,976	$	95,266	$	49,806	$	56,963	$	28,617	$	21,944	$	64,848	$	362,420
Special mention	—		528		22		9		46		—		174		779
Substandard	188		862		1,447		981		618		1,976		1,924		7,996
Total	$	45,164	$	96,656	$	51,275	$	57,953	$	29,281	$	23,920	$	66,946	$	371,195


Commercial real estate -
Total
Pass	$	30,034	$	308,186	$	283,738	$	175,371	$	140,245	$	405,945	$	24,986	$	1,368,505
Special mention	62		725		10,091		1,131		118		3,469		—		15,596
Substandard	803		1,186		21,422		1,827		13,560		39,231		551		78,580
Total	$	30,899	$	310,097	$	315,251	$	178,329	$	153,923	$	448,645	$	25,537	$	1,462,681






Commercial real estate -
1-4 Family
Pass	$	4,258	$	19,691	$	16,058	$	7,388	$	6,978	$	36,788	$	10,094	$	101,255
Special mention	62		190		—		—		—		613		—		865
Substandard	—		119		332		—		752		4,808		—		6,011
Total	$	4,320	$	20,000	$	16,390	$	7,388	$	7,730	$	42,209	$	10,094	$	108,131






Commercial real estate -
Hotels
Pass	$	1,978	$	21,400	$	89,927	$	26,301	$	42,317	$	65,113	$	—	$	247,036
Special mention	—		114		5,170		—		—		—		—		5,284
Substandard	34		343		15,413		—		6,760		18,077		229		40,856
Total	$	2,012	$	21,857	$	110,510	$	26,301	$	49,077	$	83,190	$	229	$	293,176






Commercial real estate -
Multi-family
Pass	$	1,901	$	80,624	$	56,025	$	2,620	$	20,549	$	46,797	$	1,565	$	210,081
Special mention	—		—		1,862		546		—		—		—		2,408
Substandard	—		—		—		—		—		72		—		72
Total	$	1,901	$	80,624	$	57,887	$	3,166	$	20,549	$	46,869	$	1,565	$	212,561






													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	16,067	$	156,653	$	96,180	$	113,987	$	50,396	$	199,823	$	8,480	$	641,586
Special mention	—		191		194		535		31		145		—		1,096
Substandard	769		568		1,384		1,143		34		2,943		160		7,001
Total	$	16,836	$	157,412	$	97,758	$	115,665	$	50,461	$	202,911	$	8,640	$	649,683







Commercial real estate -
Non Residential Owner Occupied
Pass	$	5,830	$	29,818	$	25,548	$	25,075	$	20,005	$	57,424	$	4,847	$	168,547
Special mention	—		230		2,865		50		87		2,711		—		5,943
Substandard	—		156		4,293		684		6,014		13,331		162		24,640
Total	$	5,830	$	30,204	$	32,706	$	25,809	$	26,106	$	73,466	$	5,009	$	199,130


Residential real estate
Performing	$	60,244	$	397,522	$	206,429	$	156,546	$	120,857	$	477,462	$	110,843	$	1,529,903
Non-performing	—		—		—		—		258		1,098		1,648		3,004
Total	$	60,244	$	397,522	$	206,429	$	156,546	$	121,115	$	478,560	$	112,491	$	1,532,907






Home equity
Performing	$	1,376	$	8,633	$	5,736	$	4,654	$	1,858	$	11,714	$	95,950	$	129,921
Non-performing	—		—		—		—		—		—		88		88
Total	$	1,376	$	8,633	$	5,736	$	4,654	$	1,858	$	11,714	$	96,038	$	130,009






Consumer
Performing	$	4,356	$	14,613	$	13,213	$	8,016	$	2,663	$	2,668	$	1,695	$	47,224
Non-performing	—		—		—		—		—		—		—		—
Total	$	4,356	$	14,613	$	13,213	$	8,016	$	2,663	$	2,668	$	1,695	$	47,224

Based on the most recent analysis performed, the risk category of loans by class of loans at December 31, 2020 is as follows (in thousands):


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
	2020		2019		2018		2017		2016		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	123,920	$	51,972	$	59,152	$	30,440	$	16,673	$	6,942	$	75,018	$	364,117
Special mention	72		27		13		47		—		433		508		1,100
Substandard	783		1,553		918		589		268		1,733		1,928		7,772
Total	$	124,775	$	53,552	$	60,083	$	31,076	$	16,941	$	9,108	$	77,454	$	372,989


Commercial real estate -
Total
Pass	$	312,363	$	296,876	$	179,038	$	142,678	$	147,772	$	280,107	$	25,560	$	1,384,394
Special mention	442		5,288		1,196		127		159		3,370		—		10,582
Substandard	1,159		22,224		1,855		13,734		9,574		30,938		322		79,806
Total	$	313,964	$	324,388	$	182,089	$	156,539	$	157,505	$	314,415	$	25,882	$	1,474,782






Commercial real estate -
1-4 Family
Pass	$	19,970	$	17,540	$	8,217	$	7,444	$	6,158	$	33,075	$	10,274	$	102,678
Special mention	192		—		—		—		159		753		—		1,104
Substandard	119		343		—		863		102		4,603		—		6,030
Total	$	20,281	$	17,883	$	8,217	$	8,307	$	6,419	$	38,431	$	10,274	$	109,812






Commercial real estate -
Hotels
Pass	$	23,886	$	95,269	$	26,206	$	42,593	$	21,490	$	43,686	$	—	$	253,130
Substandard	343		15,412		—		6,750		4,465		14,364		—		41,334
Total	$	24,229	$	110,681	$	26,206	$	49,343	$	25,955	$	58,050	$	—	$	294,464






Commercial real estate -
Multi-family
Pass	$	81,127	$	56,371	$	2,688	$	20,730	$	23,873	$	27,009	$	1,363	$	213,161
Special mention	—		1,883		551		—		—		—		—		2,434
Substandard	—		—		—		—		—		76		—		76
Total	$	81,127	$	58,254	$	3,239	$	20,730	$	23,873	$	27,085	$	1,363	$	215,671






													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
	2020		2019		2018		2017		2016		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	155,937	$	101,011	$	115,524	$	51,329	$	76,219	$	125,349	$	8,825	$	634,194
Special mention	16		504		592		37		—		147		—		1,296
Substandard	580		1,385		1,159		52		1,187		1,338		160		5,861
Total	$	156,533	$	102,900	$	117,275	$	51,418	$	77,406	$	126,834	$	8,985	$	641,351






Commercial real estate -
Non Residential Owner Occupied
Pass	$	31,443	$	26,685	$	26,403	$	20,582	$	20,032	$	50,988	$	5,098	$	181,231
Special mention	234		2,901		53		90		—		2,470		—		5,748
Substandard	117		5,084		696		6,069		3,820		10,557		162		26,505
Total	$	31,794	$	34,670	$	27,152	$	26,741	$	23,852	$	64,015	$	5,260	$	213,484


Residential real estate
Performing	$	407,135	$	233,709	$	176,523	$	134,425	$	102,828	$	416,473	$	113,633	$	1,584,726
Non-performing	—		—		—		164		41		1,184		1,579		2,968
Total	$	407,135	$	233,709	$	176,523	$	134,589	$	102,869	$	417,657	$	115,212	$	1,587,694






Home equity
Performing	$	9,038	$	6,241	$	5,375	$	2,126	$	1,309	$	11,573	$	100,712	$	136,374
Non-performing	—		—		—		—		—		—		95		95
Total	$	9,038	$	6,241	$	5,375	$	2,126	$	1,309	$	11,573	$	100,807	$	136,469






Consumer
Performing	$	15,342	$	14,977	$	9,229	$	3,154	$	1,688	$	1,422	$	1,876	$	47,688
Non-performing	—		—		—		—		—		—		—		—
Total	$	15,342	$	14,977	$	9,229	$	3,154	$	1,688	$	1,422	$	1,876	$	47,688