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Allowance For Credit Losses (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 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
Six months ended June 30, 2021
Beginning balance	$	3,644	$	10,997	$	8,093	$	630	$	163	$	1,022	$	24,549
Charge-offs	(245)		(1,719)		(179)		(72)		(226)		(883)		(3,324)
Recoveries	71		179		91		26		143		721		1,231
(Recovery of) provision for credit losses	(114)		(1,090)		(1,214)		(116)		165		(71)		(2,440)
Ending balance	$	3,356	$	8,367	$	6,791	$	468	$	245	$	789	$	20,016

Six months ended June 30, 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)		(422)		(859)		(206)		(91)		(1,162)		(2,817)
Recoveries	14		331		103		56		141		800		1,445
Provision for (recovery of) credit losses	2,555		4,321		2,492		208		(95)		(259)		9,222
Ending balance	$	6,266	$	10,090	$	7,323	$	647	$	120	$	753	$	25,199

Three months ended June 30, 2021
Beginning balance	$	3,525	$	10,867	$	8,060	$	608	$	151	$	865	$	24,076
Charge-offs	(211)		(1,718)		(86)		(8)		(79)		(430)		(2,532)
Recoveries	25		15		17		3		104		308		472
Provision for (recovery of) credit losses	17		(797)		(1,200)		(135)		69		46		(2,000)
Ending balance	$	3,356	$	8,367	$	6,791	$	468	$	245	$	789	$	20,016

Three months ended June 30, 2020
Beginning Balance	$	5,855	$	9,389	$	6,958	$	702	$	233	$	1,256	24,393
Charge-offs	—		(39)		(376)		(161)		(36)		(459)		(1,071)
Recoveries	5		128		8		9		128		349		627
Provision for (recovery of) credit losses	406		612		733		97		(205)		(393)		1,250
	$	6,266	$	10,090	$	7,323	$	647	$	120	$	753	$	25,199

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 June 30, 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	$	648	$	—

1-4 Family	—		1,963		—
Hotels	1,350		114		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		683		—
Non Residential Owner Occupied	1,922		351		—
Commercial Real Estate	3,272		3,111		—

Residential Real Estate	1		2,481		278
Home Equity	—		81		—
Consumer	—		—		—
Total	$	3,445	$	6,321	$	278

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 June 30, 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.


	June 30, 2021				December 31, 2020
	Secured by				Secured by
	Real Estate		Equipment		Real Estate		Equipment
Commercial and industrial	$	172	$	—	$	173	$	—

1-4 Family	—		—		—		—
Hotels	1,350		—		2,837		—
Multi-family	—		—		—		—
Non Residential Non-Owner Occupied	—		—		—		—
Non Residential Owner Occupied	1,922		—		2,296		—
Commercial real estate	3,272		—		5,133		—
Total	$	3,444	$	—	$	5,306	$	—

Financing Receivable, Past Due

The following tables present the aging of the amortized cost basis in past-due loans as of June 30, 2021 and December 31, 2020 by class of loan (in thousands):


	June 30, 2021
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	722	$	—	$	—	$	722	$	357,041	$	820	$	358,583

1-4 Family	111		—		—		111		106,005		1,963		108,079
Hotels	—		—		—		—		288,655		1,464		290,119
Multi-family	—		—		—		—		212,715		—		212,715
Non Residential Non-Owner Occupied	—		—		—		—		652,581		683		653,264
Non Residential Owner Occupied	10		377		—		387		206,440		2,273		209,100
Commercial real estate	121		377		—		498		1,466,396		6,383		1,473,277

Residential real estate	4,956		219		278		5,453		1,513,167		2,482		1,521,102
Home Equity	494		28		—		522		127,005		81		127,608
Consumer	11		1		—		12		45,172		—		45,184
Overdrafts	414		3		—		417		3,245		—		3,662
Total	$	6,718	$	628	$	278	$	7,624	$	3,512,026	$	9,766	$	3,529,416


	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.


	June 30, 2021		December 31, 2020
Commercial and industrial	$	—	$	—

1-4 Family	117		121
Hotels	1,116		2,634
Multi-family	1,843		1,883
Non Residential Non-Owner Occupied	—		—
Non Residential Owner Occupied	—		—
Commercial real estate	3,076		4,638

Residential real estate	17,788		19,226
Home equity	1,920		2,001
Consumer	203		277
Total	$	22,987	$	26,142

The following table presents loans by class, modified as TDRs, that occurred during the six months ended June 30, 2021 and 2020, respectively (dollars in thousands):


	June 30, 2021					June 30, 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	6	404		404		24	1,720		1,716
Home equity	—	—		—		2	70		70
Consumer	—	—		—		—	—		—
Total	6	$	404	$	404	26	$	1,790	$	1,786

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at June 30, 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	$	59,635	$	77,375	$	47,007	$	52,751	$	26,977	$	18,105	$	68,518	$	350,368
Special mention	—		511		21		7		35		—		186		760
Substandard	219		847		1,418		791		437		1,938		1,805		7,455
Total	$	59,854	$	78,733	$	48,446	$	53,549	$	27,449	$	20,043	$	70,509	$	358,583






Commercial real estate -
1-4 Family
Pass	$	12,724	$	19,026	$	12,928	$	6,881	$	4,941	$	33,556	$	11,771	$	101,827
Special mention	—		290		—		—		—		602		—		892
Substandard	—		117		324		—		739		4,180		—		5,360
Total	$	12,724	$	19,433	$	13,252	$	6,881	$	5,680	$	38,338	$	11,771	$	108,079






Commercial real estate -
Hotels
Pass	$	1,978	$	20,950	$	85,967	$	26,152	$	41,848	$	48,645	$	—	$	225,540
Special mention	—		114		8,943		—		—		8,611		—		17,668
Substandard	68		483		15,413		—		6,912		23,801		234		46,911
Total	$	2,046	$	21,547	$	110,323	$	26,152	$	48,760	$	81,057	$	234	$	290,119






Commercial real estate -
Multi-family
Pass	$	6,482	$	80,101	$	55,201	$	2,335	$	20,152	$	45,009	$	1,521	$	210,801
Special mention	—		—		1,843		—		—		—		—		1,843
Substandard	—		—		—		—		—		71		—		71
Total	$	6,482	$	80,101	$	57,044	$	2,335	$	20,152	$	45,080	$	1,521	$	212,715






													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	$	60,049	$	155,753	$	92,616	$	110,794	$	49,039	$	167,195	$	9,418	$	644,864
Special mention	124		189		192		262		278		189		—		1,234
Substandard	898		557		1,382		1,389		30		2,910		—		7,166
Total	$	61,071	$	156,499	$	94,190	$	112,445	$	49,347	$	170,294	$	9,418	$	653,264






Commercial real estate -
Non Residential Owner Occupied
Pass	$	26,857	$	29,480	$	25,433	$	23,499	$	18,813	$	51,953	$	4,412	$	180,447
Special mention	—		30		2,829		48		329		2,677		—		5,913
Substandard	202		116		4,250		670		6,048		11,454		—		22,740
Total	$	27,059	$	29,626	$	32,512	$	24,217	$	25,190	$	66,084	$	4,412	$	209,100


Commercial real estate -
Total
Pass	$	108,089	$	305,309	$	272,144	$	169,661	$	134,792	$	346,357	$	27,130	$	1,363,482
Special mention	124		623		13,807		310		606		12,079		—		27,549
Substandard	1,168		1,273		21,368		2,059		13,729		42,415		234		82,246
Total	$	109,381	$	307,205	$	307,319	$	172,030	$	149,127	$	400,851	$	27,364	$	1,473,277

Residential real estate
Performing	$	164,523	$	371,421	$	186,802	$	138,754	$	106,784	$	442,449	$	107,886	$	1,518,619
Non-performing	—		—		—		41		227		580		1,635		2,483
Total	$	164,523	$	371,421	$	186,802	$	138,795	$	107,011	$	443,029	$	109,521	$	1,521,102






Home equity
Performing	$	4,497	$	7,926	$	4,998	$	3,870	$	1,757	$	11,196	$	93,283	$	127,527
Non-performing	—		—		—		—		—		—		81		81
Total	$	4,497	$	7,926	$	4,998	$	3,870	$	1,757	$	11,196	$	93,364	$	127,608






Consumer
Performing	$	8,680	$	12,654	$	11,344	$	6,948	$	2,163	$	1,663	$	1,732	$	45,184
Non-performing	—		—		—		—		—		—		—		—
Total	$	8,680	$	12,654	$	11,344	$	6,948	$	2,163	$	1,663	$	1,732	$	45,184

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 -
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


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

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