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Allowance For Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

Financing Receivable, Allowance for Credit Loss


	Beginning Balance		Impact of Adopting ASU 2022-02		PCD Loan Reserves		Charge-offs		Recoveries		Provision for (recovery of) credit losses		Ending Balance
Six months ended June 30, 2023
Commercial and industrial	$	3,568	12		—		(69)		$	169	$	650	$	4,330

1-4 Family	566		(1)		—		(80)		30		83		598
Hotels	2,332		—		—		(40)		—		(159)		2,133
Multi-family	380		—		500		—		—		129		1,009
Non Residential Non-Owner Occupied	2,019		—		1,536		—		156		1,075		4,786
Non Residential Owner Occupied	1,315		—		775		—		—		288		2,378
Commercial real estate	6,612		(1)		2,811		(120)		186		1,416		10,904

Residential real estate	5,427		(138)		—		(52)		15		321		5,573
Home equity	290		(46)		—		(267)		16		415		408
Consumer	110		(2)		—		(171)		51		346		334
DDA overdrafts	1,101		—		—		(807)		713		195		1,202
	$	17,108	$	(175)	$	2,811	$	(1,486)	$	1,150	$	3,343	$	22,751

Six months ended June 30, 2022
Commercial and industrial	$	3,480	—		—		(34)		$	91	$	(18)	$	3,519

1-4 Family	598		—		—		(24)		34		(34)		574
Hotels	2,426		—		—		—		—		82		2,508
Multi-family	483		—		—		—		—		(23)		460
Non Residential Non-Owner Occupied	2,319		—		—		—		44		(267)		2,096
Non Residential Owner Occupied	1,485		—		—		—		—		(90)		1,395
Commercial real estate	7,311		—		—		(24)		78		(332)		7,033

Residential real estate	5,716		—		—		(106)		49		(665)		4,994
Home equity	517		—		—		(19)		20		(180)		338
Consumer	106		—		—		(32)		47		(43)		78
DDA Overdrafts	1,036		—		—		(1,235)		770		482		1,053
	$	18,166	$	—	$	—	$	(1,450)	$	1,055	$	(756)	$	17,015


	Beginning Balance		Impact of Adopting ASU 2022-02		PCD Loan Reserves		Charge-offs		Recoveries		Provision for (recovery of) credit losses		Ending Balance
Three months ended June 30, 2023
Commercial and industrial	$	4,289	—		—		(69)		$	86	$	24	$	4,330

1-4 Family	613		—		—		(77)		16		46		598
Hotels	2,184		—		—		(40)		—		(11)		2,133
Multi-family	1,027		—		—		—		—		(18)		1,009
Non Residential Non-Owner Occupied	4,924		—		—		—		12		(150)		4,786
Non Residential Owner Occupied	2,437		—		—		—		—		(59)		2,378
Commercial real estate	11,185		—		—		(117)		28		(192)		10,904

Residential real estate	5,481		—		—		(20)		5		107		5,573
Home equity	400		—		—		(200)		12		196		408
Consumer	371		—		—		(109)		28		44		334
DDA overdrafts	998		—		—		(357)		315		246		1,202
	$	22,724	$	—	$	—	$	(872)	$	474	$	425	$	22,751

Three months ended June 30, 2022
Commercial and industrial	$	3,458	—		—		—		$	32	$	29	$	3,519

1-4 Family	574		—		—		(24)		5		19		574
Hotels	2,545		—		—		—		—		(37)		2,508
Multi-family	477		—		—		—		—		(17)		460
Non Residential Non-Owner Occupied	2,281		—		—		—		20		(205)		2,096
Non Residential Owner Occupied	1,382		—		—		—		—		13		1,395
Commercial real estate	7,259		—		—		(24)		25		(227)		7,033

Residential real estate	5,039		—		—		(56)		4		7		4,994
Home equity	410		—		—		(19)		3		(56)		338
Consumer	86		—		—		(9)		19		(18)		78
DDA Overdrafts	1,028		—		—		(604)		364		265		1,053
	$	17,280	$	—	$	—	$	(712)	$	447	$	—	$	17,015

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, 2023 (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	$	—	$	741	$	—

1-4 Family	—		742		—
Hotels	—		—		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		753		—
Non Residential Owner Occupied	—		326		—
Commercial Real Estate	—		1,821		—

Residential Real Estate	—		2,774		208
Home Equity	—		24		7
Consumer	—		35		—
Total	$	—	$	5,395	$	215

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

Financing Receivable, Past Due

The following tables present the aging of the amortized cost basis in past-due loans as of June 30, 2023 and December 31, 2022 by class of loan (in thousands):


	June 30, 2023
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	117	$	25	$	—	$	142	$	416,964	$	741	$	417,847

1-4 Family	105		—		—		105		122,854		742		123,701
Hotels	—		—		—		—		324,745		—		324,745
Multi-family	—		—		—		—		191,483		—		191,483
Non Residential Non-Owner Occupied	131		1		—		132		673,036		753		673,921
Non Residential Owner Occupied	—		—		—		—		222,526		326		222,852
Commercial real estate	236		1		—		237		1,534,644		1,821		1,536,702

Residential real estate	5,330		346		208		5,884		1,737,960		2,774		1,746,618
Home Equity	688		90		7		785		150,203		24		151,012
Consumer	57		—		—		57		65,109		35		65,201
Overdrafts	332		9		—		341		4,421		—		4,762
Total	$	6,760	$	471	$	215	$	7,446	$	3,909,301	$	5,395	$	3,922,142


	December 31, 2022
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		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

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at June 30, 2023 and December 31, 2022 is as follows (in thousands), with the loans acquired from Citizens categorized by their origination date:


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	42,882	$	51,976	$	89,094	$	57,019	$	24,315	$	20,250	$	100,274	$	385,810
Special mention	369		1,566		785		2,770		—		—		21,849		27,339
Substandard	—		946		146		849		1,078		1,636		43		4,698
Total	$	43,251	$	54,488	$	90,025	$	60,638	$	25,393	$	21,886	$	122,166	$	417,847
YTD Gross Charge-offs	$	—	$	—	$	33	$	—	$	—	$	—	$	36	$	69



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	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



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
1-4 Family
Pass	$	14,116	$	32,420	$	19,138	$	11,962	$	8,249	$	25,096	$	9,840	$	120,821
Special mention	—		223		—		111		—		777		—		1,111
Substandard	—		79		—		257		48		1,385		—		1,769
Total	$	14,116	$	32,722	$	19,138	$	12,330	$	8,297	$	27,258	$	9,840	$	123,701
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	80	$	—	$	80



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Hotels
Pass	$	8,517	$	83,971	$	34,707	$	3,568	$	59,410	$	99,832	$	310	$	290,315
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		4,075		23,919		6,436		—		34,430
Total	$	8,517	$	83,971	$	34,707	$	7,643	$	83,329	$	106,268	$	310	$	324,745
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	40	$	—	$	40



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Multi-family
Pass	$	2,893	$	21,103	$	28,583	$	65,180	$	39,785	$	32,616	$	1,323	$	191,483
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Total	$	2,893	$	21,103	$	28,583	$	65,180	$	39,785	$	32,616	$	1,323	$	191,483
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	30,872	$	146,949	$	123,450	$	76,398	$	72,911	$	179,771	$	8,213	$	638,564
Special mention	—		—		106		1,821		170		25,094		76		27,267
Substandard	1,254		—		579		2,451		1,404		2,402		—		8,090
Total	$	32,126	$	146,949	$	124,135	$	80,670	$	74,485	$	207,267	$	8,289	$	673,921
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	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



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Owner Occupied
Pass	$	19,237	$	31,842	$	44,475	$	17,755	$	23,595	$	60,487	$	3,722	$	201,113
Special mention	—		—		2,709		1,115		2,078		465		—		6,367
Substandard	—		929		387		108		1,795		11,039		1,114		15,372
Total	$	19,237	$	32,771	$	47,571	$	18,978	$	27,468	$	71,991	$	4,836	$	222,852
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Total
Pass	$	75,635	$	316,284	$	250,353	$	174,863	$	203,949	$	397,803	$	23,409	$	1,442,296
Special mention	—		223		2,815		3,047		2,248		26,336		76		34,745
Substandard	1,254		1,008		966		6,891		27,166		21,262		1,114		59,661
Total	$	76,889	$	317,515	$	254,134	$	184,801	$	233,363	$	445,401	$	24,599	$	1,536,702
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	120	$	—	$	120


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Residential real estate
Performing	$	104,691	$	414,599	$	328,118	$	263,028	$	116,507	$	438,035	$	78,866	$	1,743,844
Non-performing	—		—		722		92		726		899		335		2,774
Total	$	104,691	$	414,599	$	328,840	$	263,120	$	117,233	$	438,934	$	79,201	$	1,746,618
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	52	$	—	$	52

													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Home equity
Performing	$	11,868	$	15,532	$	6,744	$	4,316	$	2,700	$	4,981	$	104,847	$	150,988
Non-performing	—		—		—		—		—		—		24		24
Total	$	11,868	$	15,532	$	6,744	$	4,316	$	2,700	$	4,981	$	104,871	$	151,012
YTD Gross Charge-offs	$	—	$	32	$	—	$	—	$	—	$	35	$	200	$	267



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
June 30, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Consumer
Performing	$	24,255	$	23,235	$	6,204	$	4,174	$	3,282	$	2,471	$	1,544	$	65,165
Non-performing	—		—		—		—		—		36		—		36
Total	$	24,255	$	23,235	$	6,204	$	4,174	$	3,282	$	2,507	$	1,544	$	65,201
YTD Gross Charge-offs	$	—	$	—	$	36	$	—	$	3	$	127	$	5	$	171



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
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