LOANS (Tables)

12 Months Ended

Dec. 31, 2020

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of the major classifications of loans

(In thousands)	December 31, 2020		December 31, 2019
Commercial real estate mortgage loans:
Owner occupied	$	557,076	$	531,088
Non-owner occupied		1,081,443		1,034,599
Multi-family mortgage loans		899,730		812,174
Residential real estate mortgage loans		434,689		493,144
Commercial, industrial and agricultural loans		1,527,147		679,444
Real estate construction and land loans		82,479		97,311
Installment/consumer loans		23,019		24,836
Total loans		4,605,583		3,672,596
Net deferred loan (fees) costs		(8,180)		7,689
Total loans held for investment		4,597,403		3,680,285
Allowance for credit losses		(44,200)		(32,786)
Loans, net	$	4,553,203	$	3,647,499

Schedule of loans by class categorized by internally assigned credit risk grades

The following tables represent loans categorized by internally assigned risk grades as of December 31, 2020 and December 31, 2019. In the December 31, 2020 table, the years noted represent the year of origination for non-revolving loans.

	December 31, 2020
(In thousands)	2020		2019		2018		2017		2016		2015 and Prior		Revolving		Revolving-Term		Total
Commercial real estate owner occupied:
Pass	$	92,053	$	96,679	$	47,224	$	66,320	$	25,852	$	153,766	$	—	$	—	$	481,894
Watch		727		1,373		8,038		10,737		3,425		23,919		—		—		48,219
Special mention		1,843		—		3,875		10,857		823		4,600		—		—		21,998
Substandard		469		553		—		—		2,426		1,517		—		—		4,965
Total commercial real estate owner occupied		95,092		98,605		59,137		87,914		32,526		183,802		—		—		557,076
Commercial real estate non-owner occupied:
Pass		181,811		249,782		108,086		180,235		54,252		214,620		—		—		988,786
Watch		7,314		7,700		12,845		12,117		12,209		24,089		—		—		76,274
Special mention		—		—		—		—		—		290		—		—		290
Substandard		—		—		—		9,006		6,038		1,049		—		—		16,093
Total commercial real estate non-owner occupied		189,125		257,482		120,931		201,358		72,499		240,048		—		—		1,081,443
Multi-family:
Pass		159,301		293,752		40,840		86,169		118,846		106,044		—		—		804,952
Watch		15,436		2,724		—		19,331		35,976		12,825		—		—		86,292
Special mention		—		—		—		8,098		—		388		—		—		8,486
Substandard		—		—		—		—		—		—		—		—		—
Total multi-family		174,737		296,476		40,840		113,598		154,822		119,257		—		—		899,730
Residential real estate:
Pass		20,033		32,564		71,903		95,712		23,589		106,518		53,217		7,012		410,548
Watch		—		—		406		321		541		1,740		—		1,145		4,153
Special mention		—		1,103		758		—		—		6,879		818		633		10,191
Substandard		—		466		569		937		—		6,967		—		858		9,797
Total residential real estate		20,033		34,133		73,636		96,970		24,130		122,104		54,035		9,648		434,689
Commercial, industrial and agricultural:
Pass		949,257		62,410		30,736		17,646		12,685		26,606		304,781		5,086		1,409,207
Watch		8,062		6,140		8,265		1,574		1,188		3,048		40,448		1,527		70,252
Special mention		2,914		838		572		1,507		545		1,323		18,984		2,073		28,756
Substandard		—		905		1,233		3,514		470		9,660		200		2,950		18,932
Total commercial, industrial and agricultural		960,233		70,293		40,806		24,241		14,888		40,637		364,413		11,636		1,527,147
Real estate construction and land loans:
Pass		37,684		20,948		8,229		11,308		—		1,701		—		—		79,870
Watch		—		—		—		1,150		—		270		—		—		1,420
Special mention		—		—		1,078		—		—		—		—		—		1,078
Substandard		—		—		—		—		—		111		—		—		111
Total real estate construction and land loans		37,684		20,948		9,307		12,458		—		2,082		—		—		82,479
Installment/consumer loans
Pass		1,656		215		166		93		—		710		17,382		1,257		21,479
Watch		—		—		—		—		—		—		496		40		536
Special mention		—		—		—		—		—		—		—		46		46
Substandard		—		—		—		—		—		—		50		908		958
Total installment/consumer loans		1,656		215		166		93		—		710		17,928		2,251		23,019
Total Loans	$	1,478,560	$	778,152	$	344,823	$	536,632	$	298,865	$	708,640	$	436,376	$	23,535	$	4,605,583

	December 31, 2019
(In thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Commercial real estate:
Owner occupied	$	511,444	$	18,426	$	1,218	$	—	$	531,088
Non-owner occupied		1,022,208		—		12,391		—		1,034,599
Multi-family		811,770		404		—		—		812,174
Residential real estate		475,949		12,400		4,795		—		493,144
Commercial, industrial and agricultural		643,413		15,670		20,361		—		679,444
Real estate construction and land loans		95,530		—		1,781		—		97,311
Installment/consumer loans		23,976		103		757		—		24,836
Total loans	$	3,584,290	$	47,003	$	41,303	$	—	$	3,672,596

Schedule of the aging of the recorded investment in past due loans by class of loans

	December 31, 2020
					90+ Days		Non-accrual
	30-59		60-89		Past Due		Including 90		Total Past
	Days		Days		And		Days or More		Due and
(In thousands)	Past Due		Past Due		Accruing		Past Due		Non-accrual		Current		Total Loans
Commercial real estate:
Owner occupied	$	—	$	—	$	—	$	636	$	636	$	556,440	$	557,076
Non-owner occupied		—		—		—		6,771		6,771		1,074,672		1,081,443
Multi-family		—		—		—		—		—		899,730		899,730
Residential real estate		3,567		949		—		2,897		7,413		427,276		434,689
Commercial, industrial and agricultural		2,711		4,072		—		1,597		8,380		1,518,767		1,527,147
Real estate construction and land loans		210		—		—		111		321		82,158		82,479
Installment/consumer loans		100		4		—		150		254		22,765		23,019
Total loans	$	6,588	$	5,025	$	—	$	12,162	$	23,775	$	4,581,808	$	4,605,583

In the absence of other intervening factors, loans granted payment deferrals related to COVID-19 are not reported as past due or placed on non-accrual status provided the borrowers have met the criteria in the CARES Act or otherwise have met the criteria included in an interagency statement issued by bank regulatory agencies.

During the year ended December 31, 2020, there was $93 thousand in interest earned on non-accrual loans and $406 thousand in accrued interest on non-accrual loans was reversed through interest income.

	December 31, 2019
					90+ Days		Non-accrual
	30-59		60-89		Past Due		Including 90		Total Past
	Days		Days		And		Days or More		Due and
(In thousands)	Past Due		Past Due		Accruing		Past Due		Non-accrual		Current		Total Loans
Commercial real estate:
Owner occupied	$	917	$	433	$	—	$	225	$	1,575	$	529,513	$	531,088
Non-owner occupied		98		—		—		512		610		1,033,989		1,034,599
Multi-family		—		—		—		—		—		812,174		812,174
Residential real estate		3,053		747		343		2,743		6,886		486,258		493,144
Commercial, industrial and agricultural		273		721		—		736		1,730		677,714		679,444
Real estate construction and land loans		—		—		—		123		123		97,188		97,311
Installment/consumer loans		124		—		—		30		154		24,682		24,836
Total loans	$	4,465	$	1,901	$	343	$	4,369	$	11,078	$	3,661,518	$	3,672,596

Schedule of loans receivable by class modified as troubled debt restructurings

	Modifications During the Year Ended December 31,
	2020					2019					2018
		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
(Dollars in thousands)	Loans	Investment		Investment		Loans	Investment		Investment		Loans	Investment		Investment
Commercial real estate:
Owner occupied	—	$	—	$	—	3	$	8,582	$	8,582	—	$	—	$	—
Non-owner occupied	—		—		—	—		—		—	1		926		926
Residential real estate	—		—		—	1		338		338	1		644		644
Commercial, industrial and agricultural	3		1,138		1,138	15		12,828		12,828	10		7,649		7,649
Installment/consumer loans	—		—		—	—		—		—	—		—		—
Total	3	$	1,138	$	1,138	19	$	21,748	$	21,748	12	$	9,219	$	9,219

Schedule of individually impaired loans by class

	December 31, 2019						Year Ended December 31, 2019
			Unpaid		Related		Average		Interest
	Recorded		Principal		Allocated		Recorded		Income
(In thousands)	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	3,379	$	3,401	$	—	$	1,286	$	41
Non-owner occupied		2,296		2,296		—		2,149		99
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		294		300		—		74		—
Commercial, industrial and agricultural:
Secured		494		494		—		287		18
Unsecured		8,863		8,863		—		6,601		411
Total with no related allowance recorded		15,326		15,354		—		10,397		569
With an allowance recorded:
Commercial real estate:
Owner occupied		—		—		—		—		—
Non-owner occupied		—		—		—		—		—
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		—		—		—		—		—
Commercial, industrial and agricultural:
Secured		9,612		9,612		3,435		6,189		223
Unsecured		2,045		2,051		1,241		1,838		86
Total with an allowance recorded		11,657		11,663		4,676		8,027		309
Total:
Commercial real estate:
Owner occupied		3,379		3,401		—		1,286		41
Non-owner occupied		2,296		2,296		—		2,149		99
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		294		300		—		74		—
Commercial, industrial and agricultural:
Secured		10,106		10,106		3,435		6,476		241
Unsecured		10,908		10,914		1,241		8,439		497
Total	$	26,983	$	27,017	$	4,676	$	18,424	$	878

	December 31, 2018						Year Ended December 31, 2018
			Unpaid		Related		Average		Interest
	Recorded		Principal		Allocated		Recorded		Income
(In thousands)	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	268	$	278	$	—	$	177	$	—
Non-owner occupied		2,816		2,816		—		1,583		88
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		—		—		—		—		—
Commercial, industrial and agricultural:
Secured		8,234		8,234		—		5,644		196
Unsecured		5,316		5,316		—		5,127		284
Total with no related allowance recorded		16,634		16,644		—		12,531		568
With an allowance recorded:
Commercial real estate:
Owner occupied		—		—		—		—		—
Non-owner occupied		—		—		—		—		—
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		—		—		—		—		—
Commercial, industrial and agricultural:
Secured		2,721		2,721		189		2,757		91
Unsecured		—		—		—		—		—
Total with an allowance recorded		2,721		2,721		189		2,757		91
Total:
Commercial real estate:
Owner occupied		268		278		—		177		—
Non-owner occupied		2,816		2,816		—		1,583		88
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		—		—		—		—		—
Commercial, industrial and agricultural:
Secured		10,955		10,955		189		8,401		287
Unsecured		5,316		5,316		—		5,127		284
Total	$	19,355	$	19,365	$	189	$	15,288	$	659

Schedule of selected information about related party loans

	Year Ended
	December 31,
(In thousands)	2020
Balance at beginning of period	$	12,349
New loans		724
Repayments		(1,575)
Balance at end of period	$	11,498

Schedule of allowance of credit losses

	Year Ended December 31, 2020
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for credit losses:
Beginning balance, prior to adoption of CECL	$	12,150	$	4,829	$	1,882	$	12,583	$	1,066	$	276	$	32,786
Impact of adopting CECL		(7,712)		(3,589)		2,182		8,699		1,274		771		1,625
Charge-offs		(1)		—		—		(2,004)		—		(7)		(2,012)
Recoveries		—		—		3		298		—		—		301
Provision (credit) for credit losses		4,097		496		(1,005)		7,787		(165)		290		11,500
Ending balance	$	8,534	$	1,736	$	3,062	$	27,363	$	2,175	$	1,330	$	44,200

	Year Ended December 31, 2019
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for credit losses:
Beginning balance	$	10,792	$	2,566	$	3,935	$	12,722	$	1,297	$	106	$	31,418
Charge-offs		(3,670)		—		—		(799)		—		(13)		(4,482)
Recoveries		1		—		112		25		—		12		150
Provision (credit) for credit losses		5,027		2,263		(2,165)		635		(231)		171		5,700
Ending balance	$	12,150	$	4,829	$	1,882	$	12,583	$	1,066	$	276	$	32,786

	Year Ended December 31, 2018
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for credit losses:
Beginning balance	$	11,048	$	4,521	$	2,438	$	12,838	$	740	$	122	$	31,707
Charge-offs		—		—		(24)		(2,806)		—		(11)		(2,841)
Recoveries		—		—		3		747		—		2		752
(Credit) provision for credit losses		(256)		(1,955)		1,518		1,943		557		(7)		1,800
Ending balance	$	10,792	$	2,566	$	3,935	$	12,722	$	1,297	$	106	$	31,418

ASU 2016-13 | As previously reported

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of allowance of credit losses

	December 31, 2019
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	4,676	$	—	$	—	$	4,676
Collectively evaluated for impairment		12,150		4,829		1,882		7,907		1,066		276		28,110
Loans acquired with deteriorated credit quality		—		—		—		—		—		—		—
Total allowance for loan losses	$	12,150	$	4,829	$	1,882	$	12,583	$	1,066	$	276	$	32,786
Loans:
Individually evaluated for impairment	$	5,675	$	—	$	294	$	21,014	$	—	$	—	$	26,983
Collectively evaluated for impairment		1,560,012		812,174		492,507		658,430		97,311		24,836		3,645,270
Loans acquired with deteriorated credit quality		—		—		343		—		—		—		343
Total loans	$	1,565,687	$	812,174	$	493,144	$	679,444	$	97,311	$	24,836	$	3,672,596