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Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 31, 2021

Schedule Of Allowance For Loan Loss By Portfolio Segment

The following table summarizes the activity in the allowance for credit losses, by portfolio loan classification, for the years ended December 31, 2021, 2020 and 2019 (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.


	Beginning Balance		Charge-offs		Recoveries		Impact of adopting CECL		(Recovery of) provision for credit losses		Ending Balance
December 31, 2021
Commercial and industrial	$	3,644	$	(245)	$	171	$	—	$	(90)	$	3,480

1-4 Family	771		(311)		125		—		13		598
Hotels	4,088		(2,075)		—		—		413		2,426
Multi-family	674		—		—		—		(191)		483
Non Residential Non-Owner Occupied	3,223		(1)		45		—		(948)		2,319
Non Residential Owner Occupied	2,241		—		54		—		(810)		1,485
Commercial real estate	10,997		(2,387)		224		—		(1,523)		7,311

Residential real estate	8,093		(265)		127		—		(2,239)		5,716
Home equity	630		(177)		90		—		(26)		517
Consumer	163		(242)		255		—		(70)		106
DDA overdrafts	1,022		(2,151)		1,382		—		783		1,036
	$	24,549	$	(5,467)	$	2,249	$	—	$	(3,165)	$	18,166

December 31, 2020
Commercial and industrial	$	2,059	$	(843)	$	91	$	1,715	$	622	$	3,644

1-4 Family	—		(188)		316		886		(243)		771
Hotels	60		(35)		48		577		3,438		4,088
Multi-family	121		—		—		343		210		674
Non Residential Non-Owner Occupied	1,181		(728)		83		852		1,835		3,223
Non Residential Owner Occupied	1,244		(162)		78		596		485		2,241
Commercial real estate	2,606		(1,113)		525		3,254		5,725		10,997

Residential real estate	3,448		(1,250)		184		2,139		3,572		8,093
Home equity	1,187		(420)		136		(598)		325		630
Consumer	975		(192)		238		(810)		(48)		163
DDA Overdrafts	1,314		(2,345)		1,467		60		526		1,022
	$	11,589	$	(6,163)	$	2,641	$	5,760	$	10,722	$	24,549


	Beginning Balance		Charge-offs		Recoveries		(Recovery of) provision for credit losses		Ending Balance
December 31, 2019
Commercial and industrial	4,060		(261)		764		(2,504)		2,059
Commercial real estate	4,495		(1,358)		624		(1,155)		2,606
Residential real estate	4,116		(787)		369		(250)		3,448
Home equity	1,268		(294)		—		213		1,187
Consumer	319		(1,177)		265		1,568		975
DDA Overdrafts	1,708		(2,777)		1,505		878		1,314
	$	15,966	$	(6,654)	$	3,527	$	(1,250)	$	11,589

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 December 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	$	—	$	996	$	43

1-4 Family	—		1,016		—
Hotels	—		113		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		652		—
Non Residential Owner Occupied	—		592		—
Commercial Real Estate	—		2,373		—

Residential Real Estate	63		2,746		—
Home Equity	—		40		—
Consumer	—		—		—
Total	$	63	$	6,155	$	43

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	$	—

Schedule Of Aging Analysis Of Accruing And Non-Accruing Loans

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


	December 31, 2021
	30-59 Past Due		60-89 Past Due		90+ Past Due		Total Past Due		Current Loans		Non-accrual		Total Loans
Commercial and industrial	$	116	$	177	$	43	$	336	$	344,852	$	996	$	346,184

1-4 Family	21		—		—		21		106,836		1,016		107,873
Hotels	—		—		—		—		311,202		113		311,315
Multi-family	—		—		—		—		215,677		—		215,677
Non Residential Non-Owner Occupied	—		—		—		—		639,166		652		639,818
Non Residential Owner Occupied	—		—		—		—		203,641		592		204,233
Commercial real estate	21		—		—		21		1,476,522		2,373		1,478,916

Residential real estate	5,166		156		—		5,322		1,540,834		2,809		1,548,965
Home equity	592		26		—		618		121,687		40		122,345
Consumer	59		1		—		60		40,841		—		40,901
Overdrafts	485		4		—		489		6,014		—		6,503
Total	$	6,439	$	364	$	43	$	6,846	$	3,530,750	$	6,218	$	3,543,814

	December 31, 2020
	30-59 Past Due		60-89 Past Due		90+ Past Due		Total Past Due		Current Loans		Non-accrual		Total 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

Schedule Of Impaired Loans

The following table presents the amortized cost basis of individually evaluated impaired collateral-dependent loans as of December 31, 2021 (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.


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

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

The following table presents information related to the average recorded investment and interest income recognized on the Company's impaired loans, by class (in thousands), for the year ended December 31, 2019.



	December 31, 2019
	Average		Interest
	Recorded		Income
	Investment		Recognized
With no related allowance recorded:
Commercial and industrial	$	578	$	—
Commercial real estate	4,388		41
Total	$	4,966	$	41

With an allowance recorded:
Commercial and industrial	$	—	$	—
Commercial real estate	4,261		162
Total	$	4,261	$	162

There were no significant commitments to provide additional funds on non-accrual or impaired loans at December 31, 2021.

Schedule Of Troubled Debt Restructurings

The following tables set forth the Company’s TDRs (in thousands):


	December 31, 2021		December 31, 2020
Commercial and industrial	$	414	$	—

1-4 Family	112		121
Hotels	—		2,634
Multi-family	1,802		1,883
Non Residential Non-Owner Occupied	—		—
Non Residential Owner Occupied	—		—
Commercial real estate	1,914		4,638

Residential real estate	16,943		19,226
Home equity	1,784		2,001
Consumer	225		277
Total TDRs	$	21,280	$	26,142

The Company has allocated $0.3 million and $1.6 million of the allowance for credit losses for these loans as of December 31, 2021 and December 31, 2020, respectively. As of December 31, 2021, the Company has not committed to lend any additional in relation to these loans.

The Company had one TDR that had defaulted and had a partial charge-off of $2.1 million during 2021. The Company had no significant TDRs that subsequently defaulted in 2020. The Company had one TDR that subsequently defaulted in 2019. The loan balance was approximately $3.0 million and the subsequent default resulted in a charge-off of $0.7 million and the remaining balance was transferred to OREO during 2019.

Most TDRs are reported due to filing Chapter 7 bankruptcy. Regulatory guidance requires that loans be accounted for as collateral-dependent loans when borrowers have filed Chapter 7 bankruptcy, the debt has been discharged by the bankruptcy court and the borrower has not reaffirmed the debt. The filing of bankruptcy is deemed to be evidence that the borrower is in financial difficulty and the discharge of debt by the bankruptcy court is deemed to be a concession granted to the borrower.

The following table presents loans by class, modified as TDRs, that occurred during the years ended December 31, 2021, 2020 and 2019, respectively (dollars in thousands):


	New TDRs					New TDRs					New TDRs
	For the year ended					For the year ended					For the year ended
	December 31, 2021					December 31, 2020					December 31, 2019
		Pre		Post			Pre		Post			Pre		Post
		Modification		Modification			Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding			Outstanding		Outstanding
	Number of	Recorded		Recorded		Number of	Recorded		Recorded		Number of	Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment		Contracts	Investment		Investment
Commercial and industrial	—	$	—	$	—	—	$	—	$	—	—	$	—	$	—

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

Residential real estate	3	425		425		29	2,724		2,720		31	2,531		2,531
Home equity	2	45		45		3	94		94		10	967		967
Consumer	—	—		—		—	—		—		—	—		—
Total	5	$	470	$	470	32	$	2,818	$	2,814	41	$	3,498	$	3,498
N/R = Not reported. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP.

Schedule Of Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at December 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	$	87,148	$	82,946	$	41,908	$	27,355	$	23,895	$	6,755	$	65,775	$	335,782
Special mention	3		480		17		—		21		—		3,324		3,845
Substandard	319		1,531		1,574		510		395		1,550		678		6,557
Total	$	87,470	$	84,957	$	43,499	$	27,865	$	24,311	$	8,305	$	69,777	$	346,184






Commercial real estate -
1-4 Family
Pass	$	26,425	$	16,163	$	10,659	$	6,208	$	4,250	$	28,734	$	10,877	$	103,316
Special mention	—		122		—		—		—		718		—		840
Substandard	—		276		158		—		722		2,561		—		3,717
Total	$	26,425	$	16,561	$	10,817	$	6,208	$	4,972	$	32,013	$	10,877	$	107,873






Commercial real estate -
Hotels
Pass	$	38,197	$	16,183	$	64,107	$	21,222	$	41,526	$	55,895	$	279	$	237,409
Special mention	103		—		29,914		—		—		—		—		30,017
Substandard	398		140		15,413		—		5,601		22,337		—		43,889
Total	$	38,698	$	16,323	$	109,434	$	21,222	$	47,127	$	78,232	$	279	$	311,315






Commercial real estate -
Multi-family
Pass	$	20,434	$	78,837	$	53,033	$	2,264	$	19,783	$	38,918	$	540	$	213,809
Special mention	—		—		1,802		—		—		—		—		1,802
Substandard	—		—		—		—		—		66		—		66
Total	$	20,434	$	78,837	$	54,835	$	2,264	$	19,783	$	38,984	$	540	$	215,677






													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	$	144,927	$	135,423	$	85,296	$	99,618	$	33,770	$	130,342	$	2,655	$	632,031
Special mention	119		183		186		257		—		138		—		883
Substandard	640		16		1,365		2,134		22		2,727		—		6,904
Total	$	145,686	$	135,622	$	86,847	$	102,009	$	33,792	$	133,207	$	2,655	$	639,818






Commercial real estate -
Non Residential Owner Occupied
Pass	$	46,445	$	28,535	$	25,647	$	22,197	$	15,296	$	37,806	$	2,509	$	178,435
Special mention	—		30		2,744		42		319		2,294		—		5,429
Substandard	199		114		2,372		634		6,677		9,503		870		20,369
Total	$	46,644	$	28,679	$	30,763	$	22,873	$	22,292	$	49,603	$	3,379	$	204,233


Commercial real estate -
Total
Pass	$	276,429	$	275,141	$	238,742	$	151,509	$	114,626	$	291,696	$	16,860	$	1,365,003
Special mention	222		334		34,647		299		319		3,151		—		38,972
Substandard	1,238		546		19,308		2,769		13,023		37,191		866		74,941
Total	$	277,889	$	276,021	$	292,697	$	154,577	$	127,968	$	332,038	$	17,726	$	1,478,916


Residential real estate
Performing	$	375,465	$	326,107	$	155,829	$	110,551	$	87,870	$	389,519	$	100,815	$	1,546,156
Non-performing	—		—		232		29		120		692		1,736		2,809
Total	$	375,465	$	326,107	$	156,061	$	110,580	$	87,990	$	390,211	$	102,551	$	1,548,965






Home equity
Performing	$	9,008	$	6,474	$	3,582	$	2,949	$	1,431	$	8,176	$	90,685	$	122,305
Non-performing	—		—		—		—		—		—		40		40
Total	$	9,008	$	6,474	$	3,582	$	2,949	$	1,431	$	8,176	$	90,725	$	122,345






Consumer
Performing	$	13,584	$	9,545	$	8,313	$	4,920	$	1,324	$	1,624	$	1,591	$	40,901
Non-performing	—		—		—		—		—		—		—		—
Total	$	13,584	$	9,545	$	8,313	$	4,920	$	1,324	$	1,624	$	1,591	$	40,901

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