XML 52 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1
Loans and Allowance for Loan and Lease Losses (Tables)
12 Months Ended
Dec. 31, 2021
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Type of Loan Portfolio Summarized by the Aggregate Risk Rating

The types of loans in Mid Penn’s portfolio, summarized by those rated as “pass” (net of deferred fees and costs of $6,264,000 as of December 31, 2021 and $9,084,000 as of December 31, 2020), and the loans classified as “special mention” and “substandard” within Mid Penn’s internal risk rating system as of December 31, 2021 and December 31, 2020, are as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

Pass

 

 

Special Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

606,484

 

 

$

10,321

 

 

$

2,757

 

 

$

619,562

 

Commercial real estate

 

 

1,601,196

 

 

 

35,508

 

 

 

31,438

 

 

 

1,668,142

 

Commercial real estate - construction

 

 

371,337

 

 

 

 

 

 

1,397

 

 

 

372,734

 

Residential mortgage

 

 

319,862

 

 

 

294

 

 

 

3,067

 

 

 

323,223

 

Home equity

 

 

106,853

 

 

 

534

 

 

 

2,919

 

 

 

110,306

 

Consumer

 

 

10,429

 

 

 

 

 

 

 

 

 

10,429

 

 

 

$

3,016,161

 

 

$

46,657

 

 

$

41,578

 

 

$

3,104,396

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

Pass

 

 

Special Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

739,306

 

 

$

9,928

 

 

$

3,120

 

 

$

752,354

 

Commercial real estate

 

 

1,084,123

 

 

 

1,708

 

 

 

13,825

 

 

 

1,099,656

 

Commercial real estate - construction

 

 

248,882

 

 

 

 

 

 

31

 

 

 

248,913

 

Residential mortgage

 

 

200,544

 

 

 

53

 

 

 

1,244

 

 

 

201,841

 

Home equity

 

 

71,856

 

 

 

3

 

 

 

2,365

 

 

 

74,224

 

Consumer

 

 

7,053

 

 

 

 

 

 

 

 

 

7,053

 

 

 

$

2,351,764

 

 

$

11,692

 

 

$

20,585

 

 

$

2,384,041

 

 

Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of December 31, 2021 and 2020 are summarized as follows:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

(Dollars in thousands)

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

31

 

 

$

 

 

$

899

 

 

$

931

 

 

$

 

Commercial real estate

 

 

854

 

 

 

1,243

 

 

 

 

 

 

8,215

 

 

 

8,574

 

 

 

 

Commercial real estate - construction

 

 

22

 

 

 

27

 

 

 

 

 

 

31

 

 

 

34

 

 

 

 

Residential mortgage

 

 

1,259

 

 

 

1,295

 

 

 

 

 

 

818

 

 

 

842

 

 

 

 

Home equity

 

 

2,377

 

 

 

2,377

 

 

 

 

 

 

2,365

 

 

 

2,395

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration: *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate

 

 

2,231

 

 

 

2,909

 

 

 

 

 

 

1,419

 

 

 

1,693

 

 

 

 

Commercial real estate - construction

 

 

1,196

 

 

 

1,469

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

1,362

 

 

 

1,847

 

 

 

 

 

 

323

 

 

 

568

 

 

 

 

Home equity

 

 

86

 

 

 

111

 

 

 

 

 

 

 

 

 

13

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

308

 

 

$

339

 

 

$

67

 

 

$

553

 

 

$

574

 

 

$

533

 

Commercial real estate

 

 

287

 

 

 

359

 

 

 

121

 

 

 

887

 

 

 

994

 

 

 

274

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

308

 

 

$

370

 

 

$

67

 

 

$

1,452

 

 

$

1,505

 

 

$

533

 

Commercial real estate

 

 

3,372

 

 

 

4,511

 

 

 

121

 

 

 

10,521

 

 

 

11,261

 

 

 

274

 

Commercial real estate - construction

 

 

1,218

 

 

 

1,496

 

 

 

 

 

 

31

 

 

 

34

 

 

 

 

Residential mortgage

 

 

2,621

 

 

 

3,142

 

 

 

 

 

 

1,141

 

 

 

1,410

 

 

 

 

Home equity

 

 

2,463

 

 

 

2,488

 

 

 

 

 

 

2,365

 

 

 

2,408

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Recorded Investment Of Impaired Loans And Related Interest Income By Loan Portfolio Class

The average recorded investment of impaired loans and related interest income recognized for the years ended December 31, 2021, 2020, and 2019 are summarized as follows:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

303

 

 

$

2

 

 

$

1,136

 

 

$

 

 

$

178

 

 

$

3

 

Commercial real estate

 

 

2,308

 

 

 

2

 

 

 

9,379

 

 

 

5

 

 

 

3,363

 

 

 

20

 

Commercial real estate - construction

 

 

26

 

 

 

 

 

 

44

 

 

 

 

 

 

32

 

 

 

 

Residential mortgage

 

 

974

 

 

 

26

 

 

 

998

 

 

 

26

 

 

 

854

 

 

 

30

 

Home equity

 

 

2,367

 

 

 

2

 

 

 

1,801

 

 

 

 

 

 

27

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

 

 

$

1

 

 

$

 

 

$

18

 

 

$

 

Commercial real estate

 

 

1,485

 

 

 

 

 

 

1,423

 

 

 

 

 

 

1,597

 

 

 

 

Commercial real estate - construction

 

 

122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

401

 

 

 

 

 

 

361

 

 

 

 

 

 

991

 

 

 

 

Home equity

 

 

8

 

 

 

 

 

 

1

 

 

 

 

 

 

4

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

211

 

 

$

 

 

$

205

 

 

$

 

 

$

962

 

 

$

 

Commercial real estate

 

 

1,011

 

 

 

 

 

 

752

 

 

 

 

 

 

424

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

147

 

 

 

 

Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

514

 

 

$

2

 

 

$

1,342

 

 

$

 

 

$

1,158

 

 

$

3

 

Commercial real estate

 

 

4,804

 

 

 

2

 

 

 

11,554

 

 

 

5

 

 

 

5,384

 

 

 

20

 

Commercial real estate - construction

 

 

148

 

 

 

 

 

 

44

 

 

 

 

 

 

179

 

 

 

 

Residential mortgage

 

 

1,375

 

 

 

26

 

 

 

1,359

 

 

 

26

 

 

 

1,845

 

 

 

30

 

Home equity

 

 

2,375

 

 

 

2

 

 

 

1,802

 

 

 

 

 

 

31

 

 

 

 

Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration

Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of December 31, 2021 and 2020 are summarized as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

Commercial and industrial

 

$

308

 

 

$

1,452

 

Commercial real estate

 

 

3,372

 

 

 

10,520

 

Commercial real estate - construction

 

 

1,218

 

 

 

31

 

Residential mortgage

 

 

2,186

 

 

 

679

 

Home equity

 

 

2,463

 

 

 

2,365

 

 

 

$

9,547

 

 

$

15,047

 

Loan Portfolio Summarized by the Past Due Status The classes of the loan portfolio summarized by the past due status as of December 31, 2021 and 2020 are summarized as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Loans

 

 

Loans Receivable > 90 Days and Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,378

 

 

$

62

 

 

$

404

 

 

$

1,844

 

 

$

617,718

 

 

$

619,562

 

 

$

96

 

Commercial real estate

 

 

32

 

 

 

55

 

 

 

769

 

 

 

856

 

 

 

1,665,055

 

 

 

1,665,911

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

205

 

 

 

205

 

 

 

371,333

 

 

 

371,538

 

 

 

205

 

Residential mortgage

 

 

1,246

 

 

 

205

 

 

 

1,002

 

 

 

2,453

 

 

 

319,408

 

 

 

321,861

 

 

 

212

 

Home equity

 

 

403

 

 

 

 

 

 

2,377

 

 

 

2,780

 

 

 

107,440

 

 

 

110,220

 

 

 

 

Consumer

 

 

6

 

 

 

2

 

 

 

2

 

 

 

10

 

 

 

10,419

 

 

 

10,429

 

 

 

2

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

3

 

 

 

1,628

 

 

 

1,631

 

 

 

600

 

 

 

2,231

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,196

 

 

 

1,196

 

 

 

 

Residential mortgage

 

 

54

 

 

 

 

 

 

818

 

 

 

872

 

 

 

490

 

 

 

1,362

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

86

 

 

 

86

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

3,119

 

 

$

327

 

 

$

7,205

 

 

$

10,651

 

 

$

3,093,745

 

 

$

3,104,396

 

 

$

515

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Loans

 

 

Loans Receivable > 90 Days and Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

365

 

 

$

1,017

 

 

$

1,377

 

 

$

2,759

 

 

$

749,595

 

 

$

752,354

 

 

$

 

Commercial real estate

 

 

1,096

 

 

 

 

 

 

7,668

 

 

 

8,764

 

 

 

1,089,473

 

 

 

1,098,237

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

248,913

 

 

 

248,913

 

 

 

 

Residential mortgage

 

 

126

 

 

 

 

 

 

282

 

 

 

408

 

 

 

201,110

 

 

 

201,518

 

 

 

 

Home equity

 

 

71

 

 

 

22

 

 

 

2,343

 

 

 

2,436

 

 

 

71,788

 

 

 

74,224

 

 

 

 

Consumer

 

 

 

 

 

6

 

 

 

 

 

 

6

 

 

 

7,047

 

 

 

7,053

 

 

 

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

9

 

 

 

 

 

 

1,402

 

 

 

1,411

 

 

 

8

 

 

 

1,419

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

 

 

168

 

 

 

168

 

 

 

155

 

 

 

323

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,667

 

 

$

1,045

 

 

$

13,240

 

 

$

15,952

 

 

$

2,368,089

 

 

$

2,384,041

 

 

$

 

Allowance for Loan Losses and Recorded Investment in Financing Receivables

Activity in the allowance for loan and lease losses for the years ended December 31, 2021, 2020, and 2019, and the recorded investment in loans receivable as of December 31, 2021, 2020, and 2019 are as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec. 31, 2021

 

Commercial

and

industrial

 

 

Commercial

real

estate

 

 

Commercial

real estate -

construction

 

 

Residential

mortgage

 

 

Home

equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for

   loan and lease

   losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,066

 

 

$

8,655

 

 

$

134

 

 

$

429

 

 

$

507

 

 

$

1

 

 

$

590

 

 

$

13,382

 

Charge-offs

 

 

(866

)

 

 

(1,044

)

 

 

(23

)

 

 

(13

)

 

 

 

 

 

(42

)

 

 

 

 

 

(1,988

)

Recoveries

 

 

13

 

 

 

207

 

 

 

8

 

 

 

11

 

 

 

 

 

 

19

 

 

 

 

 

 

258

 

Provisions (credits)

 

 

1,226

 

 

 

1,597

 

 

 

(81

)

 

 

32

 

 

 

53

 

 

 

24

 

 

 

94

 

 

 

2,945

 

Ending balance

 

 

3,439

 

 

 

9,415

 

 

 

38

 

 

 

459

 

 

 

560

 

 

 

2

 

 

 

684

 

 

 

14,597

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

67

 

 

 

121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

188

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

3,372

 

 

$

9,294

 

 

$

38

 

 

$

459

 

 

$

560

 

 

$

2

 

 

$

684

 

 

$

14,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

619,562

 

 

$

1,668,142

 

 

$

372,734

 

 

$

323,223

 

 

$

110,306

 

 

$

10,429

 

 

$

 

 

$

3,104,396

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

308

 

 

 

1,141

 

 

 

22

 

 

 

1,259

 

 

 

2,377

 

 

 

 

 

 

 

 

 

5,107

 

Ending balance:

   acquired with

   credit

   deterioration

 

 

 

 

 

2,231

 

 

 

1,196

 

 

 

1,362

 

 

 

86

 

 

 

 

 

 

 

 

 

4,875

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

619,254

 

 

$

1,664,770

 

 

$

371,516

 

 

$

320,602

 

 

$

107,843

 

 

$

10,429

 

 

$

 

 

$

3,094,414

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec. 31, 2020

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for

   loan and lease

   losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,341

 

 

$

6,259

 

 

$

51

 

 

$

417

 

 

$

442

 

 

$

2

 

 

$

3

 

 

$

9,515

 

Charge-offs

 

 

(45

)

 

 

(258

)

 

 

(7

)

 

 

(4

)

 

 

-

 

 

 

(58

)

 

 

 

 

 

(372

)

Recoveries

 

 

3

 

 

 

1

 

 

 

2

 

 

 

3

 

 

 

3

 

 

 

27

 

 

 

 

 

 

39

 

Provisions (credits)

 

 

767

 

 

 

2,653

 

 

 

88

 

 

 

13

 

 

 

62

 

 

 

30

 

 

 

587

 

 

 

4,200

 

Ending balance

 

 

3,066

 

 

 

8,655

 

 

 

134

 

 

 

429

 

 

 

507

 

 

 

1

 

 

 

590

 

 

 

13,382

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

533

 

 

 

274

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

807

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

2,533

 

 

$

8,381

 

 

$

134

 

 

$

429

 

 

$

507

 

 

$

1

 

 

$

590

 

 

$

12,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

752,354

 

 

$

1,099,656

 

 

$

248,913

 

 

$

201,841

 

 

$

74,224

 

 

$

7,053

 

 

$

 

 

$

2,384,041

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

1,452

 

 

 

9,102

 

 

 

31

 

 

 

818

 

 

 

2,365

 

 

 

 

 

 

 

 

 

13,768

 

Ending balance:

   acquired with

   credit

   deterioration

 

 

 

 

 

1,419

 

 

 

 

 

 

323

 

 

 

 

 

 

 

 

 

 

 

 

1,742

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

750,902

 

 

$

1,089,135

 

 

$

248,882

 

 

$

200,700

 

 

$

71,859

 

 

$

7,053

 

 

$

 

 

$

2,368,531

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec. 31, 2019

 

Commercial

and

industrial

 

 

Commercial

real

estate

 

 

Commercial

real estate -

construction

 

 

Residential

mortgage

 

 

Home

equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for

   loan and lease

   losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

2,391

 

 

$

4,703

 

 

$

75

 

 

$

453

 

 

$

528

 

 

$

7

 

 

$

240

 

 

$

8,397

 

Charge-offs

 

 

(217

)

 

 

(60

)

 

 

(40

)

 

 

(29

)

 

 

(18

)

 

 

(64

)

 

 

 

 

 

(428

)

Recoveries

 

 

45

 

 

 

82

 

 

 

 

 

 

9

 

 

 

5

 

 

 

15

 

 

 

 

 

 

156

 

Provisions (credits)

 

 

122

 

 

 

1,534

 

 

 

16

 

 

 

(16

)

 

 

(73

)

 

 

44

 

 

 

(237

)

 

 

1,390

 

Ending balance

 

 

2,341

 

 

 

6,259

 

 

 

51

 

 

 

417

 

 

 

442

 

 

 

2

 

 

 

3

 

 

 

9,515

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

 

 

 

166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

166

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

2,341

 

 

$

6,093

 

 

$

51

 

 

$

417

 

 

$

442

 

 

$

2

 

 

$

3

 

 

$

9,349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

339,147

 

 

$

929,138

 

 

$

181,690

 

 

$

236,724

 

 

$

68,271

 

 

$

7,786

 

 

$

 

 

$

1,762,756

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

890

 

 

 

8,311

 

 

 

40

 

 

 

817

 

 

 

25

 

 

 

 

 

 

 

 

 

10,083

 

Ending balance:

   acquired with

   credit

   deterioration

 

 

3

 

 

 

1,423

 

 

 

 

 

 

381

 

 

 

1

 

 

 

 

 

 

 

 

 

1,808

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

338,254

 

 

$

919,404

 

 

$

181,650

 

 

$

235,526

 

 

$

68,245

 

 

$

7,786

 

 

$

 

 

$

1,750,865

 

Troubled Debt Restructurings

 


 

The recorded investments in troubled debt restructured loans at December 31, 2021 and 2020 are as follows:

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2021

Outstanding Recorded

Investment

 

 

Outstanding Recorded

Investment

 

 

Recorded Investment

 

Commercial and industrial

$

8

 

 

$

8

 

 

$

5

 

Commercial real estate

 

1,214

 

 

 

1,115

 

 

 

320

 

Commercial real estate - construction

 

40

 

 

 

40

 

 

 

22

 

Residential mortgage

 

647

 

 

 

645

 

 

 

472

 

 

$

1,909

 

 

$

1,808

 

 

$

819

 

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2020

Outstanding Recorded

Investment

 

 

Outstanding Recorded

Investment

 

 

Recorded Investment

 

Commercial and industrial

$

8

 

 

$

8

 

 

$

6

 

Commercial real estate

 

1,806

 

 

 

1,707

 

 

 

933

 

Commercial real estate - construction

 

40

 

 

 

40

 

 

 

31

 

Residential mortgage

 

728

 

 

 

725

 

 

 

510

 

 

$

2,582

 

 

$

2,480

 

 

$

1,480

 

Schedule of Troubled Debt Restructurings Modified in the Period The following table summarizes the loans whose terms have been modified resulting in troubled debt restructurings during the years ended December 31, 2020, and 2019.

(Dollars in thousands)

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2020

 

Number of Contracts

 

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial real estate

 

1

 

$

593

 

 

$

593

 

 

$

535

 

Residential mortgage

 

2

 

 

51

 

 

 

51

 

 

 

47

 

 

 

3

 

$

644

 

 

$

644

 

 

$

582

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2019

 

Number of Contracts

 

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial and industrial

 

1

 

$

3

 

 

$

3

 

 

$

3

 

Commercial real estate - construction

 

1

 

 

40

 

 

 

40

 

 

 

40

 

 

 

2

 

$

43

 

 

$

43

 

 

$

43

 

Schedule of Accretion of Purchased Impaired Loan

The following table provides activity for the accretable yield of purchased impaired loans for the years ended December 31, 2021 and 2020.

 

(Dollars in thousands)

 

 

 

 

For the year ended December 31,

 

 

 

2021

 

 

2020

 

Accretable yield, beginning of period

 

$

40

 

 

$

89

 

Acquisition of impaired loans

 

 

541

 

 

 

 

Accretable yield amortized to interest income

 

 

(1

)

 

 

(49

)

Accretable yield, end of period

 

$

580

 

 

$

40