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Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 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.


	Beginning Balance		Charge-offs		Recoveries		Impact of adopting CECL		Provision for (recovery of) credit losses		Ending Balance
December 31, 2022
Commercial and industrial	$	3,480	$	(562)	$	334	$	—	$	316	$	3,568

1-4 Family	598		(55)		160		—		(137)		566
Hotels	2,426		—		—		—		(94)		2,332
Multi-family	483		—		—		—		(103)		380
Non Residential Non-Owner Occupied	2,319		—		47		—		(347)		2,019
Non Residential Owner Occupied	1,485		—		—		—		(170)		1,315
Commercial real estate	7,311		(55)		207		—		(851)		6,612

Residential real estate	5,716		(265)		99		—		(123)		5,427
Home equity	517		(279)		56		—		(4)		290
Consumer	106		(63)		107		—		(40)		110
DDA overdrafts	1,036		(2,624)		1,513		—		1,176		1,101
	$	18,166	$	(3,848)	$	2,316	$	—	$	474	$	17,108

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


	Beginning Balance		Charge-offs		Recoveries		Impact of adopting CECL		Provision for (recovery of) credit losses		Ending Balance
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

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, 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	$	—	$	1,015	$	—

1-4 Family	—		937		—
Hotels	—		115		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		816		—
Non Residential Owner Occupied	—		298		—
Commercial Real Estate	—		2,166		—

Residential Real Estate	228		1,741		164
Home Equity	—		55		—
Consumer	—		—		23
Total	$	228	$	4,977	$	187

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

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, 2022 and 2021 by class of loan (in thousands):


	December 31, 2022
	30-59 Past Due		60-89 Past Due		90+ Past Due		Total Past Due		Current Loans		Non-accrual		Total Loans
Commercial and industrial	$	201	$	33	$	—	$	234	$	372,641	$	1,015	$	373,890

1-4 Family	17		—		—		17		115,238		937		116,192
Hotels	—		—		—		—		340,289		115		340,404
Multi-family	—		—		—		—		174,786		—		174,786
Non Residential Non-Owner Occupied	—		—		—		—		585,148		816		585,964
Non Residential Owner Occupied	505		188		—		693		173,970		298		174,961
Commercial real estate	522		188		—		710		1,389,431		2,166		1,392,307

Residential real estate	6,843		84		164		7,091		1,684,463		1,969		1,693,523
Home equity	622		28		—		650		133,612		55		134,317
Consumer	52		25		23		100		48,706		—		48,806
Overdrafts	386		5		—		391		3,024		—		3,415
Total	$	8,626	$	363	$	187	$	9,176	$	3,631,877	$	5,205	$	3,646,258

	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

Schedule Of Troubled Debt Restructurings

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


	December 31, 2022		December 31, 2021
Commercial and industrial	$	333	$	414

1-4 Family	102		112
Hotels	—		—
Multi-family	—		1,802
Non Residential Non-Owner Occupied	—		—
Non Residential Owner Occupied	—		—
Commercial real estate	102		1,914

Residential real estate	15,857		16,943
Home equity	1,286		1,784
Consumer	64		225
Total TDRs	$	17,642	$	21,280

The following table presents loans by class, modified as TDRs, that occurred during the years ended December 31, 2022, 2021 and 2020, respectively (dollars in thousands):


	New TDRs					New TDRs					New TDRs
	For the year ended					For the year ended					For the year ended
	December 31, 2022					December 31, 2021					December 31, 2020
		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	$	430	$	430	—	$	—	$	—

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

Residential real estate	15	1,588		1,588		14	1,130		1,130		29	2,724		2,720
Home equity	1	30		30		2	45		45		3	94		94
Consumer	—	—		—		—	—		—		—	—		—
Total	16	$	1,618	$	1,618	17	$	1,605	$	1,605	32	$	2,818	$	2,814

Schedule Of Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at December 31, 2022 is as follows (in thousands). Retail and mortgage loans are considered performing if they are less than 90 days delinquent and non-performing if they are 90 days or more delinquent.


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	51,268	$	91,097	$	60,251	$	26,356	$	19,497	$	6,917	$	109,645	$	365,031
Special mention	—		—		392		9		—		19		3,245		3,665
Substandard	955		203		1,025		1,175		224		1,533		79		5,194
Total	$	52,223	$	91,300	$	61,668	$	27,540	$	19,721	$	8,469	$	112,969	$	373,890






Commercial real estate -
1-4 Family
Pass	$	31,331	$	21,640	$	12,565	$	8,609	$	4,826	$	22,949	$	11,107	$	113,027
Special mention	228		—		115		—		—		836		—		1,179
Substandard	83		—		264		56		—		1,583		—		1,986
Total	$	31,642	$	21,640	$	12,944	$	8,665	$	4,826	$	25,368	$	11,107	$	116,192






Commercial real estate -
Hotels
Pass	$	85,590	$	35,849	$	12,275	$	60,429	$	14,921	$	90,686	$	323	$	300,073
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		3,593		24,229		—		12,509		—		40,331
Total	$	85,590	$	35,849	$	15,868	$	84,658	$	14,921	$	103,195	$	323	$	340,404






Commercial real estate -
Multi-family
Pass	$	13,761	$	21,312	$	65,542	$	37,698	$	2,189	$	33,560	$	724	$	174,786
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Total	$	13,761	$	21,312	$	65,542	$	37,698	$	2,189	$	33,560	$	724	$	174,786






													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	110,501	$	108,290	$	89,943	$	68,027	$	87,413	$	113,287	$	2,781	$	580,242
Special mention	—		110		170		176		—		—		—		456
Substandard	—		601		—		1,330		2,089		1,244		2		5,266
Total	$	110,501	$	109,001	$	90,113	$	69,533	$	89,502	$	114,531	$	2,783	$	585,964






Commercial real estate -
Non Residential Owner Occupied
Pass	$	21,782	$	36,186	$	17,216	$	22,274	$	17,622	$	39,861	$	3,238	$	158,179
Special mention	—		—		—		329		—		493		113		935
Substandard	943		193		110		2,479		772		10,350		1,000		15,847
Total	$	22,725	$	36,379	$	17,326	$	25,082	$	18,394	$	50,704	$	4,351	$	174,961


Commercial real estate -
Total
Pass	$	262,965	$	223,277	$	197,541	$	197,037	$	126,971	$	300,343	$	18,173	$	1,326,307
Special mention	228		110		285		505		—		1,329		113		2,570
Substandard	1,026		794		3,967		28,094		2,861		25,686		1,002		63,430
Total	$	264,219	$	224,181	$	201,793	$	225,636	$	129,832	$	327,358	$	19,288	$	1,392,307


Residential real estate
Performing	$	405,059	$	336,462	$	270,197	$	122,559	$	86,317	$	382,652	$	88,308	$	1,691,554
Non-performing	—		207		—		755		79		738		190		1,969
Total	$	405,059	$	336,669	$	270,197	$	123,314	$	86,396	$	383,390	$	88,498	$	1,693,523






Home equity
Performing	$	16,670	$	7,394	$	5,000	$	3,035	$	1,823	$	5,116	$	95,224	$	134,262
Non-performing	—		—		—		—		—		—		55		55
Total	$	16,670	$	7,394	$	5,000	$	3,035	$	1,823	$	5,116	$	95,279	$	134,317






Consumer
Performing	$	25,296	$	7,954	$	5,482	$	4,299	$	2,246	$	2,064	$	1,465	$	48,806
Non-performing	—		—		—		—		—		—		—		—
Total	$	25,296	$	7,954	$	5,482	$	4,299	$	2,246	$	2,064	$	1,465	$	48,806

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