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LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | 12 Months Ended
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Dec. 31, 2021 | Dec. 31, 2019
Loans, Allowance for Loan Losses and Credit Quality [Abstract] |  |
LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | The Company adopted the CECL standard, effective January 1, 2020. Prior to 2020, the Company recognized an allowance for loan losses in accordance with the incurred loss impairment model under the previously applicable GAAP. As required by disclosure guidance, the Company has included relevant disclosures and accounting policies prior to the adoption of CECL within this footnote, as it relates to loans and allowance for loan losses. The following table bifurcates the amount of loans and the allowance allocated to each loan category based on the type of impairment analysis at December 31, 2019:
| December 31, 2019 |
| Commercial and Industrial |  | Commercial Real Estate |  | Commercial Construction |  | Small Business |  | Residential Real Estate |  | Home Equity |  | Other Consumer |  | Total |
| (Dollars in thousands) |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 15,760 |  |  | $ | 32,370 |  |  | $ | 5,158 |  |  | $ | 1,756 |  |  | $ | 3,219 |  |  | $ | 5,608 |  |  | $ | 422 |  |  | $ | 64,293 |  |
Charge-offs | (244) |  |  | (2,614) |  |  | — |  |  | (509) |  |  | — |  |  | (240) |  |  | (1,598) |  |  | (5,205) |  |
Recoveries | 1,131 |  |  | 152 |  |  | — |  |  | 122 |  |  | 142 |  |  | 318 |  |  | 787 |  |  | 2,652 |  |
Provision (benefit) | 947 |  |  | 3,027 |  |  | 895 |  |  | 377 |  |  | 79 |  |  | (110) |  |  | 785 |  |  | 6,000 |  |
Ending balance | $ | 17,594 |  |  | $ | 32,935 |  |  | $ | 6,053 |  |  | $ | 1,746 |  |  | $ | 3,440 |  |  | $ | 5,576 |  |  | $ | 396 |  |  | $ | 67,740 |  |
Impaired Loans Under previous accounting guidance, a loan was considered impaired when, based on current information and events, it was probable that the Company would be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment included payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experienced insignificant payment delays and payment shortfalls generally were not classified as impaired. Management determined the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The table below sets forth information regarding the Company’s impaired loans. The information for average recorded investment and interest income recognized is reflective of the full period being presented and does not take into account the date at which a loan was deemed to be impaired.
| As of and For the Year Ended December 31, 2019
| Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment |  | Interest Income Recognized
| (Dollars in thousands)
With no related allowance recorded |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 23,786 |  |  | $ | 34,970 |  |  | $ | — |  |  | $ | 27,056 |  |  | $ | 136 |
Commercial real estate | 6,213 |  |  | 12,101 |  |  | — |  |  | 12,595 |  |  | 523 |
Small business | 469 |  |  | 484 |  |  | — |  |  | 471 |  |  | 22 |
Residential real estate | 4,976 |  |  | 5,123 |  |  | — |  |  | 5,045 |  |  | 222 |
Home equity | 3,764 |  |  | 3,893 |  |  | — |  |  | 3,869 |  |  | 184 |
Other consumer | 34 |  |  | 34 |  |  | — |  |  | 41 |  |  | 3 |
Subtotal | 39,242 |  |  | 56,605 |  |  | — |  |  | 49,077 |  |  | 1,090 |
With an allowance recorded |  |  |  |  |  |  |  |  |
Commercial and industrial | 670 |  |  | 670 |  |  | 126 |  |  | 718 |  |  | 29 |
Commercial real estate | 2,124 |  |  | 2,124 |  |  | 48 |  |  | 2,176 |  |  | 122 |
Small business | 68 |  |  | 105 |  |  | 8 |  |  | 74 |  |  | 2 |
Residential real estate | 6,252 |  |  | 7,163 |  |  | 637 |  |  | 6,326 |  |  | 239 |
Home equity | 1,184 |  |  | 1,382 |  |  | 156 |  |  | 1,214 |  |  | 52 |
Other consumer | 88 |  |  | 91 |  |  | 5 |  |  | 97 |  |  | 3 |
Subtotal | 10,386 |  |  | 11,535 |  |  | 980 |  |  | 10,605 |  |  | 447 |
Total | $ | 49,628 |  |  | $ | 68,140 |  |  | $ | 980 |  |  | $ | 59,682 |  |  | $ | 1,537 |
| LOANS AND ALLOWANCE FOR LOAN LOSSES The Company adopted the CECL standard, effective January 1, 2020. Prior to 2020, the Company recognized an allowance for loan losses in accordance with the incurred loss impairment model under the previously applicable GAAP. As required by disclosure guidance, the Company has included relevant disclosures and accounting policies prior to the adoption of CECL within this footnote, as it relates to loans and allowance for loan losses. The following table bifurcates the amount of loans and the allowance allocated to each loan category based on the type of impairment analysis at December 31, 2019:
| December 31, 2019 |
| Commercial and Industrial |  | Commercial Real Estate |  | Commercial Construction |  | Small Business |  | Residential Real Estate |  | Home Equity |  | Other Consumer |  | Total |
| (Dollars in thousands) |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 15,760 |  |  | $ | 32,370 |  |  | $ | 5,158 |  |  | $ | 1,756 |  |  | $ | 3,219 |  |  | $ | 5,608 |  |  | $ | 422 |  |  | $ | 64,293 |  |
Charge-offs | (244) |  |  | (2,614) |  |  | — |  |  | (509) |  |  | — |  |  | (240) |  |  | (1,598) |  |  | (5,205) |  |
Recoveries | 1,131 |  |  | 152 |  |  | — |  |  | 122 |  |  | 142 |  |  | 318 |  |  | 787 |  |  | 2,652 |  |
Provision (benefit) | 947 |  |  | 3,027 |  |  | 895 |  |  | 377 |  |  | 79 |  |  | (110) |  |  | 785 |  |  | 6,000 |  |
Ending balance | $ | 17,594 |  |  | $ | 32,935 |  |  | $ | 6,053 |  |  | $ | 1,746 |  |  | $ | 3,440 |  |  | $ | 5,576 |  |  | $ | 396 |  |  | $ | 67,740 |  |
Impaired Loans Under previous accounting guidance, a loan was considered impaired when, based on current information and events, it was probable that the Company would be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment included payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experienced insignificant payment delays and payment shortfalls generally were not classified as impaired. Management determined the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The table below sets forth information regarding the Company’s impaired loans. The information for average recorded investment and interest income recognized is reflective of the full period being presented and does not take into account the date at which a loan was deemed to be impaired.
| As of and For the Year Ended December 31, 2019
| Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment |  | Interest Income Recognized
| (Dollars in thousands)
With no related allowance recorded |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 23,786 |  |  | $ | 34,970 |  |  | $ | — |  |  | $ | 27,056 |  |  | $ | 136 |
Commercial real estate | 6,213 |  |  | 12,101 |  |  | — |  |  | 12,595 |  |  | 523 |
Small business | 469 |  |  | 484 |  |  | — |  |  | 471 |  |  | 22 |
Residential real estate | 4,976 |  |  | 5,123 |  |  | — |  |  | 5,045 |  |  | 222 |
Home equity | 3,764 |  |  | 3,893 |  |  | — |  |  | 3,869 |  |  | 184 |
Other consumer | 34 |  |  | 34 |  |  | — |  |  | 41 |  |  | 3 |
Subtotal | 39,242 |  |  | 56,605 |  |  | — |  |  | 49,077 |  |  | 1,090 |
With an allowance recorded |  |  |  |  |  |  |  |  |
Commercial and industrial | 670 |  |  | 670 |  |  | 126 |  |  | 718 |  |  | 29 |
Commercial real estate | 2,124 |  |  | 2,124 |  |  | 48 |  |  | 2,176 |  |  | 122 |
Small business | 68 |  |  | 105 |  |  | 8 |  |  | 74 |  |  | 2 |
Residential real estate | 6,252 |  |  | 7,163 |  |  | 637 |  |  | 6,326 |  |  | 239 |
Home equity | 1,184 |  |  | 1,382 |  |  | 156 |  |  | 1,214 |  |  | 52 |
Other consumer | 88 |  |  | 91 |  |  | 5 |  |  | 97 |  |  | 3 |
Subtotal | 10,386 |  |  | 11,535 |  |  | 980 |  |  | 10,605 |  |  | 447 |
Total | $ | 49,628 |  |  | $ | 68,140 |  |  | $ | 980 |  |  | $ | 59,682 |  |  | $ | 1,537 |

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