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Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 30, 2022

Financing Receivable, Allowance for Credit Loss


	Beginning Balance		Charge-offs		Recoveries		(Recovery of) provision for credit losses		Ending Balance
Nine months ended September 30, 2022
Commercial and industrial	$	3,480	$	(445)	$	240	$	137	$	3,412

1-4 Family	598		(24)		40		(66)		548
Hotels	2,426		—		—		111		2,537
Multi-family	483		—		—		(59)		424
Non Residential Non-Owner Occupied	2,319		—		47		(236)		2,130
Non Residential Owner Occupied	1,485		—		—		(113)		1,372
Commercial real estate	7,311		(24)		87		(363)		7,011

Residential real estate	5,716		(199)		50		(513)		5,054
Home equity	517		(90)		22		(101)		348
Consumer	106		(48)		76		(37)		97
DDA overdrafts	1,036		(1,951)		1,153		851		1,089
	$	18,166	$	(2,757)	$	1,628	$	(26)	$	17,011

Nine months ended September 30, 2021
Commercial and industrial	$	3,644	$	(245)	$	140	$	(177)	$	3,362

1-4 Family	771		(35)		100		(225)		611
Hotels	3,347		(2,075)		—		(39)		1,233
Multi-family	674		—		—		(176)		498
Non Residential Non-Owner Occupied	3,223		(1)		43		(434)		2,831
Non Residential Owner Occupied	2,982		—		54		(407)		2,629
Commercial real estate	10,997		(2,111)		197		(1,281)		7,802

Residential real estate	8,093		(197)		120		(2,042)		5,974
Home equity	630		(119)		84		(123)		472
Consumer	163		(229)		215		1		150
DDA Overdrafts	1,022		(1,516)		1,028		457		991
	$	24,549	$	(4,417)	$	1,784	$	(3,165)	$	18,751


	Beginning Balance		Charge-offs		Recoveries		(Recovery of) provision for credit losses		Ending Balance
Three months ended September 30, 2022
Commercial and industrial	$	3,519	$	(411)	$	149	$	155	$	3,412

1-4 Family	574		—		6		(32)		548
Hotels	2,508		—		—		29		2,537
Multi-family	460		—		—		(36)		424
Non Residential Non-Owner Occupied	2,096		—		3		31		2,130
Non Residential Owner Occupied	1,395		—		—		(23)		1,372
Commercial real estate	7,033		—		9		(31)		7,011

Residential real estate	4,994		(93)		1		152		5,054
Home equity	338		(71)		2		79		348
Consumer	78		(16)		29		6		97
DDA overdrafts	1,053		(716)		383		369		1,089
	$	17,015	$	(1,307)	$	573	$	730	$	17,011

Three months ended September 30, 2021
Commercial and industrial	$	3,356	$	—	$	69	$	(63)	$	3,362

1-4 Family	697		—		7		(93)		611
Hotels	1,488		(392)		—		137		1,233
Multi-family	562		—		—		(64)		498
Non Residential Non-Owner Occupied	3,009		—		6		(184)		2,831
Non Residential Owner Occupied	2,611		—		5		13		2,629
Commercial real estate	8,367		(392)		18		(191)		7,802

Residential real estate	6,791		(18)		29		(828)		5,974
Home equity	535		(47)		58		(74)		472
Consumer	178		(3)		72		(97)		150
DDA Overdrafts	789		(633)		307		528		991
	$	20,016	$	(1,093)	$	553	$	(725)	$	18,751

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, 2022 (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	$	—	$	785	$	—

1-4 Family	—		1,012		—
Hotels	—		114		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		842		—
Non Residential Owner Occupied	—		325		—
Commercial Real Estate	—		2,293		—

Residential Real Estate	127		1,962		—
Home Equity	—		140		—
Consumer	—		—		—
Total	$	127	$	5,180	$	—

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

Financing Receivable, Past Due

The following tables present the aging of the amortized cost basis in past-due loans as of September 30, 2022 and December 31, 2021 by class of loan (in thousands):


	September 30, 2022
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	221	$	—	$	—	$	221	$	374,729	$	785	$	375,735

1-4 Family	46		—		—		46		108,652		1,012		109,710
Hotels	—		—		—		—		354,887		114		355,001
Multi-family	37		—		—		37		186,403		—		186,440
Non Residential Non-Owner Occupied	138		—		—		138		568,389		842		569,369
Non Residential Owner Occupied	—		—		—		—		177,348		325		177,673
Commercial real estate	221		—		—		221		1,395,679		2,293		1,398,193

Residential real estate	2,841		611		—		3,452		1,673,229		2,089		1,678,770
Home Equity	359		162		—		521		130,176		140		130,837
Consumer	27		—		—		27		41,875		—		41,902
Overdrafts	496		65		—		561		2,754		—		3,315
Total	$	4,165	$	838	$	—	$	5,003	$	3,618,442	$	5,307	$	3,628,752


	December 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	$	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

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, 2022		December 31, 2021
Commercial and industrial	$	354	$	414

1-4 Family	104		112
Hotels	—		—
Multi-family	—		1,802
Non Residential Non-Owner Occupied	—		—
Non Residential Owner Occupied	—		—
Commercial real estate	104		1,914

Residential real estate	15,657		16,943
Home equity	1,614		1,784
Consumer	68		225
Total	17,797		$	21,280

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

September 30, 2022 and 2021, respectively (dollars in thousands):


	Three Months Ended
	September 30, 2022					September 30, 2021
		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	4	366		366		2	147		147
Home equity	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
Total	4	$	366	$	366	3	$	577	$	577


	Nine Months Ended
	September 30, 2022					September 30, 2021
		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	12	1,277		1,277		11	705		705
Home equity	1	30		30		—	—		—
Consumer	—	—		—		—	—		—
Total	13	$	1,307	$	1,307	12	$	1,135	$	1,135

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at September 30, 2022 is as follows (in thousands):


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
September 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	44,014	$	92,804	$	62,781	$	27,681	$	20,657	$	11,699	$	106,925	$	366,561
Special mention	—		—		415		10		—		20		3,245		3,690
Substandard	962		221		466		1,294		287		1,585		669		5,484
Total	$	44,976	$	93,025	$	63,662	$	28,985	$	20,944	$	13,304	$	110,839	$	375,735


December 31, 2021
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


September 30, 2022
Commercial real estate -
1-4 Family
Pass	$	21,898	$	21,944	$	13,001	$	8,832	$	5,042	$	24,303	$	11,042	$	106,062
Special mention	231		172		117		—		—		855		—		1,375
Substandard	85		—		267		62		—		1,859		—		2,273
Total	$	22,214	$	22,116	$	13,385	$	8,894	$	5,042	$	27,017	$	11,042	$	109,710


December 31, 2021
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


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
September 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Hotels
Pass	$	86,192	$	36,413	$	12,455	$	60,927	$	20,708	$	83,168	$	327	$	300,190
Special mention	—		—		—		24,384		—		—		—		24,384
Substandard	120		29		3,252		—		—		27,026		—		30,427
Total	$	86,312	$	36,442	$	15,707	$	85,311	$	20,708	$	110,194	$	327	$	355,001


December 31, 2021
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


September 30, 2022
Commercial real estate -
Multi-family
Pass	$	13,223	$	21,941	$	66,147	$	37,963	$	2,208	$	44,434	$	465	$	186,381
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		59		—		59
Total	$	13,223	$	21,941	$	66,147	$	37,963	$	2,208	$	44,493	$	465	$	186,440


December 31, 2021
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
September 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	73,299	$	110,169	$	90,963	$	69,769	$	88,428	$	127,688	$	2,794	$	563,110
Special mention	—		112		173		179		—		—		—		464
Substandard	—		623		1		1,339		2,154		1,678		—		5,795
Total	$	73,299	$	110,904	$	91,137	$	71,287	$	90,582	$	129,366	$	2,794	$	569,369


December 31, 2021
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


September 30, 2022
Commercial real estate -
Non Residential Owner Occupied
Pass	$	15,163	$	36,723	$	17,627	$	23,224	$	18,251	$	45,742	$	3,356	$	160,086
Special mention	—		—		—		335		—		506		114		955
Substandard	959		194		111		2,123		595		11,651		999		16,632
Total	$	16,122	$	36,917	$	17,738	$	25,682	$	18,846	$	57,899	$	4,469	$	177,673


December 31, 2021
Commercial real estate -
Non Residential Owner Occupied
Pass	$	46,445	$	28,535	$	25,647	$	22,197	$	15,296	$	37,809	$	2,509	$	178,438
Special mention	—		30		2,744		42		319		2,295		—		5,430
Substandard	201		113		2,373		635		6,679		9,498		866		20,365
Total	$	46,646	$	28,678	$	30,764	$	22,874	$	22,294	$	49,602	$	3,375	$	204,233


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
September 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Total
Pass	$	209,774	$	227,190	$	200,192	$	200,717	$	134,638	$	325,335	$	17,983	$	1,315,829
Special mention	231		284		290		24,897		—		1,362		114		27,178
Substandard	1,165		846		3,632		3,523		2,748		42,272		1,000		55,186
Total	$	211,170	$	228,320	$	204,114	$	229,137	$	137,386	$	368,969	$	19,097	$	1,398,193

December 31, 2021
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

September 30, 2022
Residential real estate
Performing	$	343,469	$	346,053	$	278,231	$	126,762	$	89,007	$	401,056	$	92,102	$	1,676,680
Non-performing	—		204		—		683		11		916		276		2,090
Total	$	343,469	$	346,257	$	278,231	$	127,445	$	89,018	$	401,972	$	92,378	$	1,678,770

December 31, 2021
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


September 30, 2022
Home equity
Performing	$	13,409	$	7,597	$	5,176	$	3,147	$	2,010	$	5,567	$	93,793	$	130,699
Non-performing	—		—		—		—		—		—		138		138
Total	$	13,409	$	7,597	$	5,176	$	3,147	$	2,010	$	5,567	$	93,931	$	130,837


December 31, 2021
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


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
September 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Consumer
Performing	$	15,923	$	8,913	$	6,232	$	4,960	$	2,606	$	1,800	$	1,468	$	41,902
Non-performing	—		—		—		—		—		—		—		—
Total	$	15,923	$	8,913	$	6,232	$	4,960	$	2,606	$	1,800	$	1,468	$	41,902


December 31, 2021
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