Loans and Allowance for Loan Losses (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
Receivables [Abstract] |
|
Schedule Of Composition Of Loans |
The composition of loans at March 31, 2023 and December 31, 2022 was as follows:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
|
|
(in thousands) |
|
Mortgage real estate loans: |
|
|
|
|
|
|
Construction & Secured by Farmland |
|
$ |
90,660 |
|
|
$ |
89,651 |
|
HELOCs |
|
|
41,827 |
|
|
|
43,588 |
|
Residential First Lien - Investor |
|
|
113,483 |
|
|
|
111,074 |
|
Residential First Lien - Owner Occupied |
|
|
130,383 |
|
|
|
125,088 |
|
Residential Junior Liens |
|
|
11,142 |
|
|
|
11,417 |
|
Commercial - Owner Occupied |
|
|
238,577 |
|
|
|
232,115 |
|
Commercial - Non-Owner Occupied & Multifamily |
|
|
353,330 |
|
|
|
315,326 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
SBA PPP loans |
|
|
69 |
|
|
|
74 |
|
Other commercial and industrial loans |
|
|
102,128 |
|
|
|
99,571 |
|
Marine loans |
|
|
253,893 |
|
|
|
230,874 |
|
Consumer loans |
|
|
43,841 |
|
|
|
44,841 |
|
Overdrafts |
|
|
150 |
|
|
|
218 |
|
Other loans |
|
|
13,608 |
|
|
|
12,503 |
|
Total loans |
|
$ |
1,393,091 |
|
|
$ |
1,316,340 |
|
Net deferred loan costs and premiums |
|
|
7,609 |
|
|
|
7,443 |
|
Allowance for credit losses |
|
|
(13,950 |
) |
|
|
(11,218 |
) |
|
|
$ |
1,386,750 |
|
|
$ |
1,312,565 |
|
|
Changes In Allowance For Loan Losses |
Changes in the allowance for credit losses on loans for the three months ended March 31, 2023 and 2022 and the year ended December 31, 2022 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Year Ended |
|
|
Three Months Ended |
|
|
|
March 31, |
|
|
December 31, |
|
|
March 31, |
|
|
|
2023 |
|
|
2022 |
|
|
2022 |
|
|
|
|
|
|
(in thousands) |
|
|
|
|
Balance, beginning |
|
$ |
11,218 |
|
|
$ |
8,787 |
|
|
$ |
8,787 |
|
Cumulative effect adjustment for adoption of ASC 326 |
|
|
2,077 |
|
|
|
— |
|
|
|
— |
|
Provision for credit losses |
|
|
709 |
|
|
|
1,830 |
|
|
|
540 |
|
Recoveries added to the allowance |
|
|
21 |
|
|
|
1,260 |
|
|
|
35 |
|
Credit losses charged to the allowance |
|
|
(75 |
) |
|
|
(659 |
) |
|
|
(47 |
) |
Balance, ending |
|
$ |
13,950 |
|
|
$ |
11,218 |
|
|
$ |
9,315 |
|
|
Nonaccrual And Past Due Loans By Class |
Nonaccrual and past due loans by class at March 31, 2023 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
|
|
(in thousands) |
|
|
|
30 - 59 Days Past Due |
|
|
60 - 89 Days Past Due |
|
|
90 or More Days Past Due |
|
|
Total Past Due |
|
|
Current |
|
|
Total Loans |
|
|
90 or More Days Past Due Still Accruing |
|
Mortgage real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Secured by Farmland |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
100 |
|
|
$ |
100 |
|
|
$ |
90,560 |
|
|
$ |
90,660 |
|
|
$ |
— |
|
HELOCs |
|
|
— |
|
|
|
— |
|
|
|
137 |
|
|
|
137 |
|
|
|
41,690 |
|
|
|
41,827 |
|
|
|
— |
|
Residential First Lien - Investor |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
113,483 |
|
|
|
113,483 |
|
|
|
— |
|
Residential First Lien - Owner Occupied |
|
|
82 |
|
|
|
— |
|
|
|
38 |
|
|
|
120 |
|
|
|
130,263 |
|
|
|
130,383 |
|
|
|
— |
|
Residential Junior Liens |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
11,142 |
|
|
|
11,142 |
|
|
|
— |
|
Commercial - Owner Occupied |
|
|
19 |
|
|
|
— |
|
|
|
— |
|
|
|
19 |
|
|
|
238,558 |
|
|
|
238,577 |
|
|
|
— |
|
Commercial - Non-Owner Occupied & Multifamily |
|
|
1,321 |
|
|
|
— |
|
|
|
— |
|
|
|
1,321 |
|
|
|
352,009 |
|
|
|
353,330 |
|
|
|
— |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SBA PPP loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
69 |
|
|
|
69 |
|
|
|
— |
|
Other commercial and industrial loans |
|
|
— |
|
|
|
— |
|
|
|
73 |
|
|
|
73 |
|
|
|
102,055 |
|
|
|
102,128 |
|
|
|
— |
|
Marine loans |
|
|
— |
|
|
|
— |
|
|
|
430 |
|
|
|
430 |
|
|
|
253,463 |
|
|
|
253,893 |
|
|
|
430 |
|
Consumer loans |
|
|
248 |
|
|
|
— |
|
|
|
146 |
|
|
|
394 |
|
|
|
43,447 |
|
|
|
43,841 |
|
|
|
146 |
|
Overdrafts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
Other loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13,608 |
|
|
|
13,608 |
|
|
|
— |
|
Total |
|
$ |
1,670 |
|
|
$ |
— |
|
|
$ |
924 |
|
|
$ |
2,594 |
|
|
$ |
1,390,497 |
|
|
$ |
1,393,091 |
|
|
$ |
576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
|
|
(in thousands) |
|
|
|
Nonaccruals with No Allowance for Credit Losses |
|
|
Nonaccrual with an Allowance for Credit Losses |
|
|
Nonaccrual Loans |
|
Mortgage real estate loans: |
|
|
|
|
|
|
|
|
|
Construction & Secured by Farmland |
|
$ |
100 |
|
|
$ |
— |
|
|
$ |
100 |
|
HELOCs |
|
|
154 |
|
|
|
— |
|
|
|
154 |
|
Residential First Lien - Investor |
|
|
167 |
|
|
|
— |
|
|
|
167 |
|
Residential First Lien - Owner Occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Residential Junior Liens |
|
|
5 |
|
|
|
— |
|
|
|
5 |
|
Commercial - Owner Occupied |
|
|
19 |
|
|
|
— |
|
|
|
19 |
|
Commercial - Non-Owner Occupied & Multifamily |
|
|
1,321 |
|
|
|
— |
|
|
|
1,321 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
— |
|
SBA PPP loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other commercial and industrial loans |
|
|
— |
|
|
|
73 |
|
|
|
73 |
|
Marine loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Overdrafts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,766 |
|
|
$ |
73 |
|
|
$ |
1,839 |
|
Nonaccrual and past due loans by class at December 31, 2022 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
|
(in thousands) |
|
|
|
30 - 59 Days Past Due |
|
|
60 - 89 Days Past Due |
|
|
90 or More Days Past Due |
|
|
Total Past Due |
|
|
Current |
|
|
Total Loans |
|
|
90 or More Past Due Still Accruing |
|
|
Nonaccrual Loans |
|
Mortgage real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Secured by Farmland |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
101 |
|
|
$ |
101 |
|
|
$ |
89,550 |
|
|
$ |
89,651 |
|
|
$ |
— |
|
|
$ |
397 |
|
HELOCs |
|
|
149 |
|
|
|
— |
|
|
|
— |
|
|
|
149 |
|
|
|
43,439 |
|
|
|
43,588 |
|
|
|
— |
|
|
|
155 |
|
Residential First Lien - Investor |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
111,074 |
|
|
|
111,074 |
|
|
|
— |
|
|
|
— |
|
Residential First Lien - Owner Occupied |
|
|
222 |
|
|
|
— |
|
|
|
39 |
|
|
|
261 |
|
|
|
124,827 |
|
|
|
125,088 |
|
|
|
— |
|
|
|
175 |
|
Residential Junior Liens |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
11,417 |
|
|
|
11,417 |
|
|
|
— |
|
|
|
6 |
|
Commercial - Owner Occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
232,115 |
|
|
|
232,115 |
|
|
|
— |
|
|
|
— |
|
Commercial - Non-Owner Occupied & Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
315,326 |
|
|
|
315,326 |
|
|
|
— |
|
|
|
1,356 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SBA PPP loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
74 |
|
|
|
74 |
|
|
|
— |
|
|
|
— |
|
Other commercial and industrial loans |
|
|
15 |
|
|
|
— |
|
|
|
73 |
|
|
|
88 |
|
|
|
99,483 |
|
|
|
99,571 |
|
|
|
— |
|
|
|
73 |
|
Marine loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
230,874 |
|
|
|
230,874 |
|
|
|
— |
|
|
|
— |
|
Consumer loans |
|
|
56 |
|
|
|
— |
|
|
|
318 |
|
|
|
374 |
|
|
|
44,467 |
|
|
|
44,841 |
|
|
|
318 |
|
|
|
— |
|
Overdrafts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
218 |
|
|
|
218 |
|
|
|
— |
|
|
|
— |
|
Other loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,503 |
|
|
|
12,503 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
442 |
|
|
$ |
— |
|
|
$ |
531 |
|
|
$ |
973 |
|
|
$ |
1,315,367 |
|
|
$ |
1,316,340 |
|
|
$ |
318 |
|
|
$ |
2,162 |
|
|
Allowance for credit losses on loans by segment |
The allowance for credit losses on loans by segment at March 31, 2023 and December 31, 2022 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and For the Three Months Ended |
|
|
|
March 31, 2023 |
|
|
|
(in thousands) |
|
|
|
Construction and Farmland |
|
|
Residential Real Estate |
|
|
Commercial Real Estate & MultiFamily |
|
|
Commercial |
|
|
Marine |
|
|
Consumer |
|
|
All Other Loans |
|
|
Unallocated |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance |
|
$ |
2,714 |
|
|
$ |
1,735 |
|
|
$ |
2,221 |
|
|
$ |
2,222 |
|
|
$ |
1,555 |
|
|
$ |
299 |
|
|
$ |
472 |
|
|
$ |
— |
|
|
$ |
11,218 |
|
Cumulative effect adjustment for adoption of ASC 326 |
|
$ |
(1,840 |
) |
|
$ |
1,933 |
|
|
$ |
3,584 |
|
|
$ |
(1,102 |
) |
|
$ |
(285 |
) |
|
$ |
(123 |
) |
|
$ |
(90 |
) |
|
$ |
— |
|
|
$ |
2,077 |
|
Charge-Offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6 |
) |
|
|
(69 |
) |
|
|
— |
|
|
|
(75 |
) |
Recoveries |
|
|
1 |
|
|
|
5 |
|
|
|
— |
|
|
|
5 |
|
|
|
— |
|
|
|
4 |
|
|
|
6 |
|
|
|
— |
|
|
|
21 |
|
Provision |
|
|
(3 |
) |
|
|
106 |
|
|
|
468 |
|
|
|
(59 |
) |
|
|
126 |
|
|
|
12 |
|
|
|
59 |
|
|
|
— |
|
|
|
709 |
|
Ending balance |
|
$ |
872 |
|
|
$ |
3,779 |
|
|
$ |
6,273 |
|
|
$ |
1,066 |
|
|
$ |
1,396 |
|
|
$ |
186 |
|
|
$ |
378 |
|
|
$ |
— |
|
|
$ |
13,950 |
|
Ending balance: Individually evaluated |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
73 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
73 |
|
Ending balance: collectively evaluated |
|
$ |
872 |
|
|
$ |
3,779 |
|
|
$ |
6,273 |
|
|
$ |
993 |
|
|
$ |
1,396 |
|
|
$ |
186 |
|
|
$ |
378 |
|
|
$ |
— |
|
|
$ |
13,877 |
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
$ |
90,660 |
|
|
$ |
296,835 |
|
|
$ |
591,907 |
|
|
$ |
102,197 |
|
|
$ |
253,893 |
|
|
$ |
43,841 |
|
|
$ |
13,758 |
|
|
$ |
— |
|
|
$ |
1,393,091 |
|
Ending balance individually evaluated |
|
$ |
100 |
|
|
$ |
220 |
|
|
$ |
1,340 |
|
|
$ |
73 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,733 |
|
Ending balance collectively evaluated |
|
$ |
90,560 |
|
|
$ |
296,615 |
|
|
$ |
590,567 |
|
|
$ |
102,124 |
|
|
$ |
253,893 |
|
|
$ |
43,841 |
|
|
$ |
13,758 |
|
|
$ |
— |
|
|
$ |
1,391,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and For the Year Ended |
|
|
|
December 31, 2022 |
|
|
|
(in thousands) |
|
|
|
Construction and Farmland |
|
|
Residential Real Estate |
|
|
Commercial Real Estate & MultiFamily |
|
|
Commercial |
|
|
Marine |
|
|
Consumer |
|
|
All Other Loans |
|
|
Unallocated |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance |
|
$ |
2,794 |
|
|
$ |
1,671 |
|
|
$ |
1,729 |
|
|
$ |
1,294 |
|
|
$ |
789 |
|
|
$ |
219 |
|
|
$ |
291 |
|
|
$ |
— |
|
|
$ |
8,787 |
|
Charge-Offs |
|
|
— |
|
|
|
(9 |
) |
|
|
— |
|
|
|
(300 |
) |
|
|
— |
|
|
|
(79 |
) |
|
|
(271 |
) |
|
|
— |
|
|
|
(659 |
) |
Recoveries |
|
|
9 |
|
|
|
888 |
|
|
|
197 |
|
|
|
109 |
|
|
|
— |
|
|
|
44 |
|
|
|
13 |
|
|
|
— |
|
|
|
1,260 |
|
Provision |
|
|
(89 |
) |
|
|
(815 |
) |
|
|
295 |
|
|
|
1,119 |
|
|
|
766 |
|
|
|
115 |
|
|
|
439 |
|
|
|
— |
|
|
|
1,830 |
|
Ending balance |
|
$ |
2,714 |
|
|
$ |
1,735 |
|
|
$ |
2,221 |
|
|
$ |
2,222 |
|
|
$ |
1,555 |
|
|
$ |
299 |
|
|
$ |
472 |
|
|
$ |
— |
|
|
$ |
11,218 |
|
Ending balance: Individually evaluated for impairment |
|
$ |
— |
|
|
$ |
27 |
|
|
$ |
— |
|
|
$ |
73 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
100 |
|
Ending balance: collectively evaluated for impairment |
|
$ |
2,714 |
|
|
$ |
1,708 |
|
|
$ |
2,221 |
|
|
$ |
2,149 |
|
|
$ |
1,555 |
|
|
$ |
299 |
|
|
$ |
472 |
|
|
$ |
— |
|
|
$ |
11,118 |
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
$ |
89,651 |
|
|
$ |
291,167 |
|
|
$ |
547,441 |
|
|
$ |
99,645 |
|
|
$ |
230,874 |
|
|
$ |
44,841 |
|
|
$ |
12,721 |
|
|
$ |
— |
|
|
$ |
1,316,340 |
|
Ending balance individually evaluated for impairment |
|
$ |
1,044 |
|
|
$ |
3,719 |
|
|
$ |
1,695 |
|
|
$ |
141 |
|
|
$ |
— |
|
|
$ |
22 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
6,621 |
|
Ending balance collectively evaluated for impairment |
|
$ |
88,607 |
|
|
$ |
287,448 |
|
|
$ |
545,746 |
|
|
$ |
99,504 |
|
|
$ |
230,874 |
|
|
$ |
44,819 |
|
|
$ |
12,721 |
|
|
$ |
— |
|
|
$ |
1,309,719 |
|
|
Amortized cost basis of collateral-dependent loans by loan portfolio segment |
The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
|
|
(in thousands) |
|
(in thousands) |
|
Real Estate Collateral |
|
|
Other Collateral |
|
|
Total |
|
Mortgage real estate loans: |
|
|
|
|
|
|
|
|
|
Construction & Secured by Farmland |
|
$ |
100 |
|
|
$ |
— |
|
|
$ |
100 |
|
HELOCs |
|
|
137 |
|
|
|
— |
|
|
|
137 |
|
Residential First Lien - Investor |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Residential First Lien - Owner Occupied |
|
|
83 |
|
|
|
— |
|
|
|
83 |
|
Residential Junior Liens |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial - Owner Occupied |
|
|
19 |
|
|
|
— |
|
|
|
19 |
|
Commercial - Non-Owner Occupied & Multifamily |
|
|
1,321 |
|
|
|
— |
|
|
|
1,321 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
— |
|
SBA PPP loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other commercial and industrial loans |
|
|
— |
|
|
|
73 |
|
|
|
73 |
|
Marine loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Overdrafts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
1,660 |
|
|
$ |
73 |
|
|
$ |
1,733 |
|
|
Credit Quality Information By Class |
Credit quality information by class at March 31, 2023 and December 31, 2022 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
|
|
|
|
|
|
Term Loan Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans Amortized Cost Basis |
|
|
Total |
|
|
Revolving Loans Converted to Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Secured by Farmland |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
8,682 |
|
|
$ |
28,303 |
|
|
$ |
20,996 |
|
|
$ |
5,535 |
|
|
$ |
3,567 |
|
|
$ |
5,150 |
|
|
$ |
18,122 |
|
|
$ |
90,355 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
151 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
151 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
154 |
|
|
|
— |
|
|
|
154 |
|
|
|
— |
|
|
Total |
|
$ |
8,682 |
|
|
$ |
28,303 |
|
|
$ |
20,996 |
|
|
$ |
5,686 |
|
|
$ |
3,567 |
|
|
$ |
5,304 |
|
|
$ |
18,122 |
|
|
$ |
90,660 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
HELOCs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
41,549 |
|
|
$ |
41,549 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
124 |
|
|
|
124 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
154 |
|
|
|
154 |
|
|
|
— |
|
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
41,827 |
|
|
$ |
41,827 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Residential First Lien - Investor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
5,740 |
|
|
$ |
27,287 |
|
|
$ |
33,544 |
|
|
$ |
12,061 |
|
|
$ |
5,382 |
|
|
$ |
26,932 |
|
|
$ |
— |
|
|
$ |
110,946 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
396 |
|
|
|
236 |
|
|
|
635 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,267 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
1,129 |
|
|
|
141 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,270 |
|
|
|
— |
|
|
Total |
|
$ |
5,740 |
|
|
$ |
27,683 |
|
|
$ |
34,909 |
|
|
$ |
12,837 |
|
|
$ |
5,382 |
|
|
$ |
26,932 |
|
|
$ |
— |
|
|
$ |
113,483 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Residential First Lien - Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
6,521 |
|
|
$ |
28,777 |
|
|
$ |
24,614 |
|
|
$ |
38,100 |
|
|
$ |
4,835 |
|
|
$ |
25,840 |
|
|
$ |
— |
|
|
$ |
128,687 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
661 |
|
|
|
— |
|
|
|
661 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,035 |
|
|
|
— |
|
|
|
1,035 |
|
|
|
— |
|
|
Total |
|
$ |
6,521 |
|
|
$ |
28,777 |
|
|
$ |
24,614 |
|
|
$ |
38,100 |
|
|
$ |
4,835 |
|
|
$ |
27,536 |
|
|
$ |
— |
|
|
$ |
130,383 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Residential Junior Liens |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
180 |
|
|
$ |
3,144 |
|
|
$ |
3,473 |
|
|
$ |
1,622 |
|
|
$ |
681 |
|
|
$ |
2,042 |
|
|
$ |
— |
|
|
$ |
11,142 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
180 |
|
|
$ |
3,144 |
|
|
$ |
3,473 |
|
|
$ |
1,622 |
|
|
$ |
681 |
|
|
$ |
2,042 |
|
|
$ |
— |
|
|
$ |
11,142 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Commercial - Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
11,646 |
|
|
$ |
72,943 |
|
|
$ |
42,854 |
|
|
$ |
28,387 |
|
|
$ |
16,685 |
|
|
$ |
56,614 |
|
|
$ |
3,075 |
|
|
$ |
232,204 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
1,068 |
|
|
|
965 |
|
|
|
1,108 |
|
|
|
555 |
|
|
|
250 |
|
|
|
3,946 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
2,408 |
|
|
|
— |
|
|
|
— |
|
|
|
19 |
|
|
|
— |
|
|
|
2,427 |
|
|
|
— |
|
|
Total |
|
$ |
11,646 |
|
|
$ |
72,943 |
|
|
$ |
46,330 |
|
|
$ |
29,352 |
|
|
$ |
17,793 |
|
|
$ |
57,188 |
|
|
$ |
3,325 |
|
|
$ |
238,577 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Non-Owner Occupied & Multifamily |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
32,763 |
|
|
$ |
101,502 |
|
|
$ |
62,140 |
|
|
$ |
66,916 |
|
|
$ |
18,340 |
|
|
$ |
47,253 |
|
|
$ |
1,965 |
|
|
$ |
330,879 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
8,686 |
|
|
|
535 |
|
|
|
2,430 |
|
|
|
— |
|
|
|
157 |
|
|
|
— |
|
|
|
11,808 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,957 |
|
|
|
— |
|
|
|
1,686 |
|
|
|
— |
|
|
|
10,643 |
|
|
|
— |
|
|
Total |
|
$ |
32,763 |
|
|
$ |
110,188 |
|
|
$ |
62,675 |
|
|
$ |
78,303 |
|
|
$ |
18,340 |
|
|
$ |
49,096 |
|
|
$ |
1,965 |
|
|
$ |
353,330 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SBA PPP loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Other commercial and industrial loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
7,704 |
|
|
$ |
38,228 |
|
|
$ |
15,935 |
|
|
$ |
2,648 |
|
|
$ |
3,349 |
|
|
$ |
3,480 |
|
|
$ |
23,732 |
|
|
$ |
95,076 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
205 |
|
|
|
4,157 |
|
|
|
731 |
|
|
|
— |
|
|
|
45 |
|
|
|
374 |
|
|
|
5,512 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,540 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,540 |
|
|
|
— |
|
|
Total |
|
$ |
7,704 |
|
|
$ |
38,433 |
|
|
$ |
20,092 |
|
|
$ |
4,919 |
|
|
$ |
3,349 |
|
|
$ |
3,525 |
|
|
$ |
24,106 |
|
|
$ |
102,128 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Marine loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
38,397 |
|
|
$ |
141,991 |
|
|
$ |
42,233 |
|
|
$ |
1,251 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30,021 |
|
|
$ |
253,893 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
38,397 |
|
|
$ |
141,991 |
|
|
$ |
42,233 |
|
|
$ |
1,251 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30,021 |
|
|
$ |
253,893 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Consumer loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,744 |
|
|
$ |
14,728 |
|
|
$ |
7,104 |
|
|
$ |
9,603 |
|
|
$ |
1,996 |
|
|
$ |
93 |
|
|
$ |
8,573 |
|
|
$ |
43,841 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
1,744 |
|
|
$ |
14,728 |
|
|
$ |
7,104 |
|
|
$ |
9,603 |
|
|
$ |
1,996 |
|
|
$ |
93 |
|
|
$ |
8,573 |
|
|
$ |
43,841 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
3 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
6 |
|
|
$ |
— |
|
|
Overdrafts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
150 |
|
|
$ |
150 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69 |
|
|
$ |
69 |
|
|
$ |
— |
|
|
Other loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,594 |
|
|
$ |
8,660 |
|
|
$ |
509 |
|
|
$ |
13 |
|
|
$ |
— |
|
|
$ |
2,783 |
|
|
$ |
49 |
|
|
$ |
13,608 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
1,594 |
|
|
$ |
8,660 |
|
|
$ |
509 |
|
|
$ |
13 |
|
|
$ |
— |
|
|
$ |
2,783 |
|
|
$ |
49 |
|
|
$ |
13,608 |
|
|
$ |
— |
|
|
Current period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Total by Risk Category |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
114,971 |
|
|
$ |
465,563 |
|
|
$ |
253,471 |
|
|
$ |
166,136 |
|
|
$ |
54,835 |
|
|
$ |
170,187 |
|
|
$ |
127,086 |
|
|
$ |
1,352,249 |
|
|
$ |
— |
|
|
Special Mention |
|
|
— |
|
|
|
9,287 |
|
|
|
5,996 |
|
|
|
4,912 |
|
|
|
1,108 |
|
|
|
1,418 |
|
|
|
748 |
|
|
|
23,469 |
|
|
|
— |
|
|
Classified |
|
|
— |
|
|
|
— |
|
|
|
3,537 |
|
|
|
10,638 |
|
|
|
— |
|
|
|
2,894 |
|
|
|
304 |
|
|
|
17,373 |
|
|
|
— |
|
|
Total |
|
$ |
114,971 |
|
|
$ |
474,850 |
|
|
$ |
263,004 |
|
|
$ |
181,686 |
|
|
$ |
55,943 |
|
|
$ |
174,499 |
|
|
$ |
128,138 |
|
|
$ |
1,393,091 |
|
|
$ |
— |
|
|
Total current period gross charge-offs |
|
$ |
3 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69 |
|
|
$ |
75 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
December 31, 2022 |
|
|
|
(in thousands) |
|
INTERNAL RISK RATING GRADES |
|
Pass |
|
|
Special Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Loss |
|
|
Total |
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
247,061 |
|
|
$ |
526 |
|
|
$ |
72 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
247,659 |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
212,074 |
|
|
|
20,020 |
|
|
|
21 |
|
|
|
— |
|
|
|
— |
|
|
|
232,115 |
|
Non-owner occupied |
|
|
257,625 |
|
|
|
16,189 |
|
|
|
1,706 |
|
|
|
— |
|
|
|
— |
|
|
|
275,520 |
|
Construction and Farm land: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
11,235 |
|
|
|
— |
|
|
|
21 |
|
|
|
— |
|
|
|
— |
|
|
|
11,256 |
|
Commercial |
|
|
69,427 |
|
|
|
153 |
|
|
|
8,815 |
|
|
|
— |
|
|
|
— |
|
|
|
78,395 |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Lines |
|
|
43,124 |
|
|
|
310 |
|
|
|
154 |
|
|
|
— |
|
|
|
— |
|
|
|
43,588 |
|
Single family |
|
|
251,247 |
|
|
|
5,972 |
|
|
|
951 |
|
|
|
— |
|
|
|
— |
|
|
|
258,170 |
|
Multifamily |
|
|
39,806 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
39,806 |
|
All other loans |
|
|
12,721 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,721 |
|
Total |
|
$ |
1,144,320 |
|
|
$ |
43,170 |
|
|
$ |
11,740 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,199,230 |
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
Nonperforming |
|
Consumer Credit Exposure by Payment Activity |
|
$ |
116,908 |
|
|
$ |
202 |
|
|