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Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Financing Receivable, Allowance for Credit Loss

The following table summarizes the activity in the allowance for credit losses, by portfolio loan classification, for the three and nine months ended September 30, 2020 and 2019 (in thousands).  The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments.

			Commercial and			Commercial			Residential									DDA
			Industrial			Real Estate			Real Estate			Home Equity			Consumer			Overdrafts			Total
Nine months ended September 30, 2020
Beginning balance			$	2,059		$	2,606		$	3,448		$	1,187		$	975		$	1,314		$	11,589
Impact of adopting CECL			1,715			3,254			2,139			(598)			(810)			60			5,760
Charge-offs			(834)			(497)			(1,111)			(332)			(165)			(1,716)			(4,655)
Recoveries			17			375			127			89			183			1,134			1,925
Provision for credit losses			802			5,265			3,677			323			77			104			10,248
Ending balance			$	3,759		$	11,003		$	8,280		$	669		$	260		$	896		$	24,867
Nine months ended September 30, 2019
Beginning balance			$	4,060		$	4,495		$	4,116		$	1,268		$	319		$	1,708		$	15,966
Charge-offs			(68)			(394)			(922)			(160)			(478)			(1,985)			(4,007)
Recoveries			183			614			282			—			211			1,112			2,402
(Recovery of) Provision for credit losses			(1,471)			(1,619)			162			85			591			1,077			(1,175)
Ending balance			$	2,704		$	3,096		$	3,638		$	1,193		$	643		$	1,912		$	13,186
Three months ended September 30, 2020
Beginning balance			$	6,266		$	10,090		$	7,323		$	647		$	120		$	753		25,199
Charge-offs			(757)			(75)			(252)			(126)			(74)			(554)			(1,838)
Recoveries			3			44			24			33			42			334			480
(Recovery of) Provision for credit losses			(1,753)			944			1,185			115			172			363			1,026
Ending balance			$	3,759		$	11,003		$	8,280		$	669		$	260		$	896		$	24,867
Three months ended September 30, 2019
Beginning balance			$	2,796		$	3,469		$	3,959		$	1,211		$	509		$	1,851		$	13,795
Charge-offs			(17)			(216)			(291)			(43)			(182)			(772)			(1,521)
Recoveries			43			7			157			—			68			363			638
(Recovery of) Provision for credit losses			(118)			(164)			(187)			25			248			470			274
Ending balance			$	2,704		$	3,096		$	3,638		$	1,193		$	643		$	1,912		$	13,186

Financing Receivable, Nonaccrual

The following tables present the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of September 30, 2020 (in thousands):

			Non-accrual With No			Non-accrual With			Loans Past Due
			Allowance for			Allowance for			Over 90 Days
			Credit Losses			Credit Losses			Still Accruing
Commercial & Industrial			$	216		$	512		$	221
1-4 Family			—			2,242			—
Hotels			—			2,842			—
Multi-family			—			—			—
Non Residential Non-Owner Occupied			—			105			—
Non Residential Owner Occupied			2,540			750			—
Commercial Real Estate			2,540			5,939			—
Residential Real Estate			—			3,983			124
Home Equity			—			74			—
Consumer			—			—			—
Total			$	2,756		$	10,508		$	345

The following table presents the Company's loans on non-accrual status and loans past due over 90 days still accruing as of December 31, 2019 (in thousands):

						Loans Past Due
						Over 90 Days
			Non-accrual			Still Accruing
Commercial and industrial			$	1,182		$	184
Commercial real estate			6,384			—
Residential real estate			3,393			83
Home equity			531			—
Consumer			—			—
Total			$	11,490		$	267

Impaired Financing Receivables

The following table presents the amortized cost basis of individually evaluated impaired collateral-dependent loans as of September 30, 2020 (in thousands). Changes in the fair value of the collateral for collateral-dependent loans are reported as credit loss expense or a reversal of credit loss expense in the period of change.

			Secured by
			Real Estate			Equipment
Commercial and industrial			$	216		$	—
1-4 Family			—			—
Hotels			2,729			—
Multi-family			—			—
Non Residential Non-Owner Occupied			—			—
Non Residential Owner Occupied			2,540			—
Commercial real estate			5,269			—
Total			$	5,485		$	—

The following table presents the Company’s impaired loans, by class (in thousands) as of December 31, 2019. The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off. There were no significant individually evaluated impaired residential, home equity, or consumer loans.

						Unpaid
			Recorded			Principal			Related
			Investment			Balance			Allowance
With no related allowance recorded:
Commercial and industrial			$	501		$	501		$	—
Commercial real estate			3,546			3,572			—
Total			$	4,047		$	4,073		$	—
With an allowance recorded:
Commercial and industrial			$	—		$	—		$	—
Commercial real estate			2,644			2,644			87
Total			$	2,644		$	2,644		$	87

The following table presents information related to the average recorded investment and interest income recognized on the Company’s impaired loans, by class (in thousands), for the three and nine months ended September 30, 2019:

			Three months ended September 30, 2019						Nine months ended September 30, 2019
			Average			Interest			Average			Interest
			Recorded			Income			Recorded			Income
			Investment			Recognized			Investment			Recognized
With no related allowance recorded:
Commercial and industrial			$	503		—			$	570		$	—
Commercial real estate			3,540			3			4,558			41
Total			$	4,043		$	3		$	5,128		$	41
With an allowance recorded:
Commercial and industrial			$	100		$	—		$	—		$	—
Commercial real estate			5,648			30			4,800			136
Total			$	5,748		$	30		$	4,800		$	136

Financing Receivable, Past Due

The following table presents the aging of the amortized cost basis in past-due loans as of September 30, 2020 by class of loan (in thousands):

			30-59			60-89			90+			Total			Current			Total
			Past Due			Past Due			Past Due			Past Due			Loans			Loans
Commercial and industrial			$	451		$	20		$	221		$	692		$	383,288		$	383,980
1-4 Family			354			—			—			354			113,717			114,071
Hotels			—			—			—			—			295,989			295,989
Multi-family			—			—			—			—			214,394			214,394
Non Residential Non-Owner Occupied			—			148			—			148			628,666			628,814
Non Residential Owner Occupied			100			—			—			100			211,333			211,433
Commercial real estate			454			148			—			602			1,464,099			1,464,701
Residential real estate			4,370			658			124			5,152			1,616,113			1,621,265
Home Equity			451			24			—			475			139,660			140,135
Consumer			106			15			—			121			50,420			50,541
Overdrafts			375			4			—			379			2,965			3,344
Total			$	6,207		$	869		$	345		$	7,421		$	3,656,545		$	3,663,966

The following presents an aging analysis of the Company's past-due loans, by class, as of December 31, 2019 (in thousands):

			30-59			60-89			90+			Total			Current			Total
			Past Due			Past Due			Past Due			Past Due			Loans			Loans
Commercial and industrial			$	243		$	31		$	184		$	458		$	307,557		$	308,015
Commercial real estate			1,514			66			—			1,580			1,458,157			1,459,737
Residential real estate			5,758			1,643			83			7,484			1,632,912			1,640,396
Home equity			840			116			—			956			147,972			148,928
Consumer			156			32			—			188			54,075			54,263
Overdrafts			644			86			—			730			4,030			4,760
Total			$	9,155		$	1,974		$	267		$	11,396		$	3,604,703		$	3,616,099

Financing Receivable, Troubled Debt Restructuring

The following tables set forth the Company’s TDRs (in thousands). Substantially all of the Company's TDRs are accruing interest.

			September 30, 2020			December 31, 2019
Commercial and industrial			$	—		$	—
1-4 Family			123			N/R
Hotels			2,634			N/R
Multi-family			1,903			N/R
Non Residential Non-Owner Occupied			—			N/R
Non Residential Owner Occupied			234			N/R
Commercial real estate			4,894			4,973
Residential real estate			20,398			21,029
Home equity			2,100			3,628
Consumer			260			—
Total			$	27,652		$	29,630
N/R = Not reported. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP.

The following table presents loans by class, modified as TDRs, that occurred during the nine months ended September 30, 2020 and 2019, respectively (dollars in thousands):

			September 30, 2020									September 30, 2019
						Pre-			Post-						Pre-			Post-
						Modification			Modification						Modification			Modification
						Outstanding			Outstanding						Outstanding			Outstanding
			Number of			Recorded			Recorded			Number of			Recorded			Recorded
			Contracts			Investment			Investment			Contracts			Investment			Investment
Commercial and industrial			—			$	—		$	—		—			$	—		$	—
1-4 Family			—			—			—			N/R			N/R			N/R
Hotels			—			—			—			N/R			N/R			N/R
Multi-family			—			—			—			N/R			N/R			N/R
Non Owner Non-Owner Occupied			—			—			—			N/R			N/R			N/R
Non Owner Owner Occupied			—			—			—			N/R			N/R			N/R
Commercial real estate			—			—			—			—			—			—
Residential real estate			11			767			767			29			2,076			2,076
Home equity			—			—			—			8			213			213
Consumer			—			—			—			—			—			—
Total			11			$	767		$	767		37			$	2,289		$	2,289
N/R = Not reported. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP.

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at September 30, 2020 is as follows (in thousands):

																					Revolving
			Term Loans																		Loans
			Amortized Cost Basis by Origination Year and Risk Level																		Amortized
			2020			2019			2018			2017			2016			Prior			Cost Basis			Total
Commercial and industrial
Pass			$	104,483		$	71,222		$	61,613		$	32,056		$	17,912		$	10,944		$	76,538		$	374,768
Special mention			83			43			14			60			—			437			414			1,051
Substandard			158			1,584			1,075			760			323			2,177			2,084			8,161
Total			$	104,724		$	72,849		$	62,702		$	32,876		$	18,235		$	13,558		$	79,036		$	383,980

Commercial real estate -
Total
Pass			$	229,396		$	314,931		$	183,421		$	149,838		$	161,976		$	304,069		$	27,339		$	1,370,970
Special mention			396			5,287			1,209			156			185			3,643			—			10,876
Substandard			1,171			22,495			4,559			13,388			9,695			31,226			321			82,855
Total			$	230,963		$	342,713		$	189,189		$	163,382		$	171,856		$	338,938		$	27,660		$	1,464,701

Commercial real estate -
1-4 Family
Pass			$	17,131		$	19,426		$	9,164		$	7,563		$	6,859		$	35,406		$	10,526		$	106,075
Special mention			171			—			—			24			162			957			—			1,314
Substandard			120			363			—			943			105			5,151			—			6,682
Total			$	17,422		$	19,789		$	9,164		$	8,530		$	7,126		$	41,514		$	10,526		$	114,071

Commercial real estate -
Hotels
Pass			$	23,983		$	95,401		$	26,376		$	39,848		$	21,521		$	44,727		$	—		$	251,856
Substandard			344			15,412			—			9,622			4,502			14,253			—			44,133
Total			$	24,327		$	110,813		$	26,376		$	49,470		$	26,023		$	58,980		$	—		$	295,989

Commercial real estate -
Multi-family
Pass			$	69,894		$	56,692		$	2,815		$	21,086		$	32,657		$	27,559		$	1,153		$	211,856
Special mention			—			1,903			556			—			—			—			—			2,459
Substandard			—			—			—			—			—			79			—			79
Total			$	69,894		$	58,595		$	3,371		$	21,086		$	32,657		$	27,638		$	1,153		$	214,394

Commercial real estate -
Non Residential Non-Owner Occupied
Pass			$	100,384		$	115,117		$	118,026		$	55,387		$	80,109		$	142,361		$	10,399		$	621,783
Special mention			17			511			597			43			—			149			—			1,317
Substandard			590			1,386			1,166			65			1,204			1,143			160			5,714
Total			$	100,991		$	117,014		$	119,789		$	55,495		$	81,313		$	143,653		$	10,559		$	628,814

																					Revolving
			Term Loans																		Loans
			Amortized Cost Basis by Origination Year and Risk Level																		Amortized
			2020			2019			2018			2017			2016			Prior			Cost Basis			Total
Commercial real estate -
Non Residential Owner Occupied
Pass			$	18,004		$	28,295		$	27,040		$	25,954		$	20,830		$	54,016		$	5,261		$	179,400
Special mention			208			2,873			56			89			23			2,537			—			5,786
Substandard			117			5,334			3,393			2,758			3,884			10,600			161			26,247
Total			$	18,329		$	36,502		$	30,489		$	28,801		$	24,737		$	67,153		$	5,422		$	211,433

Residential real estate
Performing			$	323,949		$	257,334		$	197,654		$	147,323		$	114,310		$	458,828		$	117,884		$	1,617,282
Non-performing			—			201			44			122			146			1,544			1,926			3,983
Total			$	323,949		$	257,535		$	197,698		$	147,445		$	114,456		$	460,372		$	119,810		$	1,621,265

Home equity
Performing			$	7,765		$	6,757		$	6,363		$	2,373		$	1,828		$	11,233		$	103,742		$	140,061
Non-performing			—			—			—			—			—			—			74			74
Total			$	7,765		$	6,757		$	6,363		$	2,373		$	1,828		$	11,233		$	103,816		$	140,135

Consumer
Performing			$	13,561		$	16,784		$	10,371		$	3,805		$	2,055		$	2,106		$	1,859		$	50,541
Non-performing			—			—			—			—			—			—			—			—
Total			$	13,561		$	16,784		$	10,371		$	3,805		$	2,055		$	2,106		$	1,859		$	50,541

The following table presents the Company’s commercial loans by credit quality indicators, by portfolio loan classification (in thousands), as of December 31, 2019:

			Commercial and Industrial			Commercial Real Estate			Total
Pass			$	276,847		$	1,408,644		$	1,685,491
Special mention			2,472			13,838			16,310
Substandard			28,696			37,255			65,951
Total			$	308,015		$	1,459,737		$	1,767,752

The following table presents the Company's non-commercial loans by payment performance, by portfolio loan classification (in thousands), as of December 31, 2019:

			Performing			Non-Performing			Total
Residential real estate			$	1,636,920		$	3,476		$	1,640,396
Home equity			148,397			531			148,928
Consumer			54,263			—			54,263
Total			$	1,839,580		$	4,007		$	1,843,587

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