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Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 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 nine months ended September 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
Nine months ended September 30, 2021
Beginning balance	$	3,644	$	10,997	$	8,093	$	630	$	163	$	1,022	$	24,549
Charge-offs	(245)		(2,111)		(197)		(119)		(229)		(1,516)		(4,417)
Recoveries	140		197		120		84		215		1,028		1,784
(Recovery of) provision for credit losses	(177)		(1,281)		(2,042)		(123)		1		457		(3,165)
Ending balance	$	3,362	$	7,802	$	5,974	$	472	$	150	$	991	$	18,751

Nine months ended September 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	(834)		(497)		(1,111)		(332)		(165)		(1,716)		(4,655)
Recoveries	17		375		127		89		183		1,134		1,925
Provision for (recovery of) credit losses	802		5,265		3,677		323		77		104		10,248
Ending balance	$	3,759	$	11,003	$	8,280	$	669	$	260	$	896	$	24,867

Three months ended September 30, 2021
Beginning balance	$	3,356	$	8,367	$	6,791	$	535	$	178	$	789	$	20,016
Charge-offs	—		(392)		(18)		(47)		(3)		(633)		(1,093)
Recoveries	69		18		29		58		72		307		553
(Recovery of) provision for credit losses	(63)		(191)		(828)		(74)		(97)		528		(725)
Ending balance	$	3,362	$	7,802	$	5,974	$	472	$	150	$	991	$	18,751

Three months ended September 30, 2020
Beginning Balance	$	6,266	$	10,090	$	7,323	$	647	$	120	$	753	25,199
Charge-offs	(757)		(75)		(252)		(126)		(74)		(554)		(1,838)
Recoveries	3		44		24		33		42		334		480
(Recovery of) provision for credit losses	(1,753)		944		1,185		115		172		363		1,026
	$	3,759	$	11,003	$	8,280	$	669	$	260	$	896	$	24,867

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 September 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	$	359	$	127

1-4 Family	—		1,539		—
Hotels	—		113		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		686		—
Non Residential Owner Occupied	616		401		—
Commercial Real Estate	616		2,739		—

Residential Real Estate	76		3,558		—
Home Equity	—		67		—
Consumer	—		—		—
Total	$	864	$	6,723	$	127

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 September 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.


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

1-4 Family	—		—		—		—
Hotels	—		—		2,837		—
Multi-family	—		—		—		—
Non Residential Non-Owner Occupied	—		—		—		—
Non Residential Owner Occupied	616		—		2,296		—
Commercial real estate	616		—		5,133		—
Total	$	788	$	—	$	5,306	$	—

Financing Receivable, Past Due

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


	September 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	$	122	$	206	$	127	$	455	$	352,060	$	531	$	353,046

1-4 Family	163		—		—		163		107,211		1,539		108,913
Hotels	—		—		—		—		297,228		113		297,341
Multi-family	—		—		—		—		215,307		—		215,307
Non Residential Non-Owner Occupied	278		—		—		278		663,401		686		664,365
Non Residential Owner Occupied	—		—		—		—		204,562		1,017		205,579
Commercial real estate	441		—		—		441		1,487,709		3,355		1,491,505

Residential real estate	4,655		603		—		5,258		1,497,680		3,634		1,506,572
Home Equity	646		41		—		687		124,052		67		124,806
Consumer	36		—		—		36		43,260		—		43,296
Overdrafts	389		1		—		390		2,310		—		2,700
Total	$	6,289	$	851	$	127	$	7,267	$	3,507,071	$	7,587	$	3,521,925


	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	22		—		—		22		210,576		2,886		213,484
Commercial real estate	625		—		—		625		1,465,756		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	$	7,987	$	900	$	—	$	8,887	$	3,601,000	$	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.


	September 30, 2021		December 31, 2020
Commercial and industrial	$	430	$	—

1-4 Family	114		121
Hotels	—		2,634
Multi-family	1,823		1,883
Non Residential Non-Owner Occupied	—		—
Non Residential Owner Occupied	—		—
Commercial real estate	1,937		4,638

Residential real estate	16,910		19,226
Home equity	1,822		2,001
Consumer	221		277
Total	$	21,320	$	26,142

The following table presents loans by class, modified as TDRs, that occurred during the nine months ended

September 30, 2021 and 2020, respectively (dollars in thousands):


	September 30, 2021					September 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	$	430	$	430	—	$	—	$	—

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

Residential real estate	2	147		147		11	767		767
Home equity	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
Total	3	$	577	$	577	11	$	767	$	767

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at September 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	$	61,519	$	89,038	$	44,485	$	50,912	$	25,374	$	10,874	$	59,756	$	341,958
Special mention	5		498		18		—		34		—		3,301		3,856
Substandard	326		1,568		1,647		771		500		1,742		678		7,232
Total	$	61,850	$	91,104	$	46,150	$	51,683	$	25,908	$	12,616	$	63,735	$	353,046






Commercial real estate -
1-4 Family
Pass	$	20,387	$	17,710	$	11,559	$	6,565	$	4,532	$	30,805	$	12,389	$	103,947
Special mention	—		123		—		—		—		567		—		690
Substandard	—		279		164		—		731		3,102		—		4,276
Total	$	20,387	$	18,112	$	11,723	$	6,565	$	5,263	$	34,474	$	12,389	$	108,913






Commercial real estate -
Hotels
Pass	$	17,312	$	16,395	$	85,677	$	25,949	$	41,091	$	48,086	$	310	$	234,820
Special mention	108		—		8,879		—		—		8,574		—		17,561
Substandard	447		140		15,413		—		6,415		22,545		—		44,960
Total	$	17,867	$	16,535	$	109,969	$	25,949	$	47,506	$	79,205	$	310	$	297,341






Commercial real estate -
Multi-family
Pass	$	12,520	$	79,365	$	54,466	$	2,283	$	19,969	$	44,585	$	228	$	213,416
Special mention	—		—		1,823		—		—		—		—		1,823
Substandard	—		—		—		—		—		68		—		68
Total	$	12,520	$	79,365	$	56,289	$	2,283	$	19,969	$	44,653	$	228	$	215,307






													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	$	118,117	$	144,842	$	87,077	$	105,262	$	47,391	$	143,752	$	9,438	$	655,879
Special mention	121		186		189		260		278		140		—		1,174
Substandard	897		21		1,374		2,209		26		2,785		—		7,312
Total	$	119,135	$	145,049	$	88,640	$	107,731	$	47,695	$	146,677	$	9,438	$	664,365






Commercial real estate -
Non Residential Owner Occupied
Pass	$	40,868	$	27,610	$	22,779	$	23,067	$	15,657	$	42,595	$	2,385	$	174,961
Special mention	—		30		2,784		45		322		2,322		—		5,503
Substandard	201		115		6,169		656		6,911		10,244		819		25,115
Total	$	41,069	$	27,755	$	31,732	$	23,768	$	22,890	$	55,161	$	3,204	$	205,579


Commercial real estate -
Total
Pass	$	209,204	$	285,922	$	261,558	$	163,126	$	128,640	$	309,823	$	24,750	$	1,383,023
Special mention	229		339		13,675		305		600		11,603		—		26,751
Substandard	1,545		555		23,120		2,865		14,083		38,744		819		81,731
Total	$	210,978	$	286,816	$	298,353	$	166,296	$	143,323	$	360,170	$	25,569	$	1,491,505

Residential real estate
Performing	$	253,552	$	347,418	$	170,373	$	120,438	$	97,805	$	410,803	$	102,549	$	1,502,938
Non-performing	—		—		233		698		162		861		1,680		3,634
Total	$	253,552	$	347,418	$	170,606	$	121,136	$	97,967	$	411,664	$	104,229	$	1,506,572






Home equity
Performing	$	6,936	$	7,221	$	4,226	$	3,550	$	1,479	$	9,040	$	92,287	$	124,739
Non-performing	—		—		—		—		—		—		67		67
Total	$	6,936	$	7,221	$	4,226	$	3,550	$	1,479	$	9,040	$	92,354	$	124,806






Consumer
Performing	$	11,208	$	11,091	$	9,794	$	5,794	$	1,671	$	2,088	$	1,650	$	43,296
Non-performing	—		—		—		—		—		—		—		—
Total	$	11,208	$	11,091	$	9,794	$	5,794	$	1,671	$	2,088	$	1,650	$	43,296

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