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LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)
 6 Months Ended
Jun. 30, 2023
Loans and Leases Receivable Disclosure [Abstract]  
Composition of Loan Portfolio, Excluding Residential Loans Held for Sale
The composition of the Company’s loan portfolio, excluding residential loans held for sale, was as follows for the dates indicated:
(In thousands)June 30,
2023		December 31,
2022
Commercial Loans:
Commercial real estate - non-owner-occupied$1,341,138 $1,292,443 
Commercial real estate - owner-occupied335,864 332,494 
Commercial422,437 430,131 
Total commercial loans2,099,439 2,055,068 
Retail Loans:
Residential real estate1,748,303 1,700,266 
Home equity232,618 234,428 
Consumer19,771 20,591 
Total retail loans2,000,692 1,955,285 
Total loans$4,100,131 $4,010,353 
Schedule of Loan Balances by Portfolio Segment
The loan balances for each portfolio segment presented above are net of their respective unamortized fair value mark discount on acquired loans and net of unamortized loan origination costs for the dates indicated:
(In thousands)June 30,
2023		December 31,
2022
Net unamortized fair value mark discount on acquired loans$(232)$(313)
Net unamortized loan origination costs7,169 6,890 
Total$6,937 $6,577 
Summary of Activity in Allowance for Loan Losses
The following table presents the activity in the ACL on loans for the periods indicated:
Commercial Real Estate
(In thousands)Non-Owner-OccupiedOwner- OccupiedCommercialResidential Real EstateHome EquityConsumerTotal
At or For The Three Months Ended June 30, 2023
Beginning balance, March 31, 2023$16,324 $2,470 $4,581 $10,812 $2,440 $507 $37,134 
Charge-offs— — (534)— — (27)(561)
Recoveries1 — 64 29 — 11 105 
(Credit) provision for loan losses(170)(119)684 (214)(43)167 305 
Ending balance, June 30, 2023$16,155 $2,351 $4,795 $10,627 $2,397 $658 $36,983 
At or For The Six Months Ended June 30, 2023
Beginning balance, December 31, 2022$17,296 $2,362 $5,446 $9,089 $2,225 $504 $36,922 
Charge-offs— — (846)(18)— (31)(895)
Recoveries2 — 163 33 — 14 212 
(Credit) provision for loan losses(1,143)(11)32 1,523 172 171 744 
Ending balance, June 30, 2023$16,155 $2,351 $4,795 $10,627 $2,397 $658 $36,983 
At or For The Three Months Ended June 30, 2022
Beginning balance, March 31, 2022$16,572 $2,339 $4,842 $6,476 $1,435 $106 $31,770 
Charge-offs— — (316)(16)— (17)(349)
Recoveries— — 223 — 86 3 312 
(Credit) provision for loan losses(362)162 397 1,978 275 61 2,511 
Ending balance, June 30, 2022$16,210 $2,501 $5,146 $8,438 $1,796 $153 $34,244 
At or For The Six Months Ended June 30, 2022
Beginning balance, December 31, 2021$18,834 $2,539 $4,202 $6,133 $1,469 $79 $33,256 
Charge-offs— — (561)(16)— (84)(661)
Recoveries1 2 280 — 86 5 374 
(Credit) provision for loan losses(2,625)(40)1,225 2,321 241 153 1,275 
Ending balance, June 30, 2022$16,210 $2,501 $5,146 $8,438 $1,796 $153 $34,244 
At or For The Year Ended December 31, 2022
Beginning balance, December 31, 2021$18,834 $2,539 $4,202 $6,133 $1,469 $79 $33,256 
Charge-offs— — (1,042)(66)— (134)(1,242)
Recoveries3 2 379 — 87 7 478 
(Credit) provision for loan losses(1,541)(179)1,907 3,022 669 552 4,430 
Ending balance, December 31, 2022$17,296 $2,362 $5,446 $9,089 $2,225 $504 $36,922 
Credit Risk Exposure Indicators by Portfolio Segment Based on the most recent analysis performed, the risk category of loans by portfolio segment by vintage was as follows as of and for the dates indicated:
(In thousands)20232022202120202019PriorRevolving Loans
Amortized Cost Basis		Revolving Loans
Converted to Term		Total
As of and for the period ended June 30, 2023
Commercial real estate - non-owner-occupied      
Risk rating
Pass (Grades 1-6)$54,990 $351,938 $296,093 $153,529 $121,813 $352,101 $— $— $1,330,464 
Special mention (Grade 7)— — 165 354 246 379 — — 1,144 
Substandard (Grade 8)— 176 119 945 116 8,174 — — 9,530 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - non-owner-occupied$54,990 $352,114 $296,377 $154,828 $122,175 $360,654 $— $— $1,341,138 
Gross charge-offs for the six months ended $— $— $— $— $— $— $— $— $— 
Commercial real estate - owner-occupied      
Risk rating
Pass (Grades 1-6)$22,789 $56,703 $78,340 $27,420 $21,554 $99,781 $— $— $306,587 
Special mention (Grade 7)— — — — — 464 — — 464 
Substandard (Grade 8)— — 2,203 — 19,990 6,620 — — 28,813 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - owner occupied$22,789 $56,703 $80,543 $27,420 $41,544 $106,865 $— $— $335,864 
Gross charge-offs for the six months ended$— $— $— $— $— $— $— $— $— 
Commercial
      
Risk rating
Pass (Grades 1-6)$20,721 $63,346 $62,997 $28,583 $29,499 $41,727 $127,696 $42,492 $417,061 
Special mention (Grade 7)— — — 80 103 457 375 9 1,024 
Substandard (Grade 8)189 253 49 140 281 1,186 843 1,411 4,352 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial$20,910 $63,599 $63,046 $28,803 $29,883 $43,370 $128,914 $43,912 $422,437 
Gross charge-offs for the six months ended$— $68 $137 $23 $— $538 $20 $60 $846 
Residential Real Estate      
Risk rating
Pass (Grades 1-6)$85,198 $547,343 $562,723 $230,363 $74,997 $244,040 $354 $394 $1,745,412 
Special mention (Grade 7)— — — — — — — — — 
Substandard (Grade 8)— — 314 — 91 2,486 — — 2,891 
Doubtful (Grade 9)— — — — — — — — — 
Total residential real estate$85,198 $547,343 $563,037 $230,363 $75,088 $246,526 $354 $394 $1,748,303 
Gross charge-offs for the six months ended$— $— $— $— $— $18 $— $— $18 
Home equity
      
Risk rating
Performing$8,177 $24,663 $559 $334 $4,452 $14,214 $167,186 $12,567 $232,152 
Non-performing— — — — — 17 351 98 466 
Total home equity
$8,177 $24,663 $559 $334 $4,452 $14,231 $167,537 $12,665 $232,618 
Gross charge-offs for the six months ended$— $— $— $— $— $— $— $— $— 
Consumer
      
Risk rating
Performing$3,512 $6,276 $2,777 $1,206 $596 $2,562 $2,826 $— $19,755 
Non-performing— — — — 7 9 — — 16 
Total consumer
$3,512 $6,276 $2,777 $1,206 $603 $2,571 $2,826 $— $19,771 
Gross charge-offs for the six months ended$— $— $14 $10 $1 $4 $2 $— $31 
(In thousands)20222021202020192018PriorRevolving Loans
Amortized Cost Basis		Revolving Loans
Converted to Term		Total
As of December 31, 2022
Commercial real estate - non-owner-occupied
Risk rating
Pass (Grades 1-6)$339,171 $287,749 $160,621 $125,029 $108,823 $242,024 $— $— $1,263,417 
Special mention (Grade 7)— 167 364 259 75 321 — — 1,186 
Substandard (Grade 8)— 127 1,306 203 7,798 18,406 — — 27,840 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - non-owner-occupied$339,171 $288,043 $162,291 $125,491 $116,696 $260,751 $— $— $1,292,443 
Commercial real estate - owner-occupied
Risk rating
Pass (Grades 1-6)$60,127 $80,781 $28,378 $23,381 $39,554 $70,568 $— $— $302,789 
Special mention (Grade 7)— 2,053 — 19,992 — 411 — — 22,456 
Substandard (Grade 8)17 — — — 3,266 3,966 — — 7,249 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial real estate - owner occupied$60,144 $82,834 $28,378 $43,373 $42,820 $74,945 $— $— $332,494 
Commercial
Risk rating
Pass (Grades 1-6)$73,537 $70,110 $32,272 $33,491 $22,271 $26,245 $135,157 $30,191 $423,274 
Special mention (Grade 7)— — 93 141 70 189 1,196 12 1,701 
Substandard (Grade 8)149 52 133 216 846 1,524 50 2,186 5,156 
Doubtful (Grade 9)— — — — — — — — — 
Total commercial$73,686 $70,162 $32,498 $33,848 $23,187 $27,958 $136,403 $32,389 $430,131 
Residential Real Estate
Risk rating
Pass (Grades 1-6)$533,035 $579,216 $244,691 $79,492 $50,214 $210,262 $340 $— $1,697,250 
Special mention (Grade 7)— — — — — 23 — — 23 
Substandard (Grade 8)— — — — 163 2,830 — — 2,993 
Doubtful (Grade 9)— — — — — — — — — 
Total residential real estate$533,035 $579,216 $244,691 $79,492 $50,377 $213,115 $340 $— $1,700,266 
Home equity
Risk rating
Performing$26,712 $693 $341 $4,842 $7,730 $8,551 $173,338 $11,735 $233,942 
Non-performing— — — — — 27 377 82 486 
Total home equity
$26,712 $693 $341 $4,842 $7,730 $8,578 $173,715 $11,817 $234,428 
Consumer
Risk rating
Performing$8,009 $3,816 $1,702 $1,188 $345 $2,462 $3,069 $— $20,591 
Non-performing— — — — — — — — — 
Total consumer
$8,009 $3,816 $1,702 $1,188 $345 $2,462 $3,069 $— $20,591 
Loan Aging Analysis by Portfolio Segment
The following is a loan aging analysis by portfolio segment (including loans past due over 90 days and non-accrual loans) and loans past due over 90 days and accruing as of the following dates:
(In thousands)30-59 Days
Past Due		60-89 Days
Past Due		90 Days or Greater
Past Due		Total
Past Due		CurrentTotal Loans
Outstanding		Loans > 90
Days Past
Due and
Accruing
June 30, 2023       
Commercial real estate - non-owner-occupied$112 $— $9 $121 $1,341,017 $1,341,138 $— 
Commercial real estate - owner-occupied— — 47 47 335,817 335,864 
Commercial292 260 458 1,010 421,427 422,437 — 
Residential real estate721 777 628 2,126 1,746,177 1,748,303 — 
Home equity396 281 125 802 231,816 232,618 — 
Consumer77 3 7 87 19,684 19,771 — 
Total$1,598 $1,321 $1,274 $4,193 $4,095,938 $4,100,131 $— 
December 31, 2022       
Commercial real estate - non-owner-occupied$267 $— $11 $278 $1,292,165 $1,292,443 $— 
Commercial real estate - owner-occupied55 — 47 102 332,392 332,494 — 
Commercial667 134 640 1,441 428,690 430,131 — 
Residential real estate852 186 524 1,562 1,698,704 1,700,266 — 
Home equity357 — 171 528 233,900 234,428 — 
Consumer23 11 — 34 20,557 20,591 — 
Total$2,221 $331 $1,393 $3,945 $4,006,408 $4,010,353 $— 
Financing Receivable, Nonaccrual
The following table presents the amortized cost basis of loans on non-accrual status (including non-accruing TDRs prior to adoption of ASU 2022-02) by portfolio segment as of the dates indicated:
June 30,
2023		December 31,
2022
(In thousands)Non-Accrual Loans With an AllowanceNon-Accrual Loans Without an AllowanceTotal Non-Accrual LoansNon-Accrual Loans With an AllowanceNon-Accrual Loans Without an AllowanceTotal Non-Accrual Loans
Commercial real estate - non-owner-occupied$— $9 $9 $— $11 $11 
Commercial real estate - owner-occupied— 47 47 — 46 46 
Commercial596 133 729 415 300 715 
Residential real estate1,527 254 1,781 1,314 419 1,733 
Home equity403 63 466 421 65 486 
Consumer16 — 16 — — — 
Total$2,542 $506 $3,048 $2,150 $841 $2,991 
The following table presents the amortized cost basis of collateral-dependent non-accrual loans (including non-accruing TDRs prior to adoption of ASU 2022-02) by portfolio segment and collateral type, as of the dates indicated:
June 30,
2023		December 31,
2022
Collateral TypeTotal Collateral -Dependent
Non-Accrual Loans		Collateral TypeTotal Collateral -Dependent
Non-Accrual Loans
(In thousands)Real EstateGeneral Business AssetsReal Estate General Business Assets
Residential real estate$229 $— $229 $387 $— $387 
Home equity— — — — — — 
Total$229 $— $229 $387 $— $387 
Troubled Debt Restructuring and Specific Reserve Related to TDRs The following is a summary of TDRs prior to adoption of ASU 2022-02, by portfolio segment, and the associated specific reserve included within the ACL as of December 31, 2022:
Number of ContractsRecorded InvestmentSpecific Reserve
(In thousands, except number of contracts)
December 31,
2022		December 31,
2022		December 31,
2022
Commercial real estate - owner-occupied1 $113 $50 
Commercial
— — — 
Residential real estate
18 2,208 $307 
Consumer and home equity
3 245 9 
Total22 $2,566 $366 
Troubled Debt Restructuring
The following represents loan modifications that qualified as TDRs during the year ended December 31, 2022:
(In thousands, except number of contracts)Number of ContractsPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment		Specific Reserve
Home equity:
Interest rate concession and payment deferral— $— $— $— 
Maturity concession1 69 96 — 
Total1 $69 $96 $—