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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of originated and acquired loan and lease losses by portfolio segment

The following table details activity in the allowance for credit losses on loans and leases for the three months ended March 31, 2024 and 2023. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

Three Months Ended March 31, 2024
(In thousands)			Commercial & Industrial			Commercial Real Estate			Residential Real Estate			Consumer and Other			Finance Leases			Total
Allowance for credit losses:
Beginning balance			$	6,667		$	31,581		$	11,700		$	1,557		$	79		$	51,584
Charge-offs			0			0			0			(445)			0			(445)
Recoveries			7			2			120			88			0			217
Provision (credit) for credit loss expense			912			(116)			(639)			196			(5)			348
Ending Balance			$	7,586		$	31,467		$	11,181		$	1,396		$	74		$	51,704

Three Months Ended March 31, 2023
(In thousands)			Commercial & Industrial			Commercial Real Estate			Residential Real Estate			Consumer and Other			Finance Leases			Total
Allowance for credit losses:
Beginning balance			$	6,039		$	27,287		$	11,154		$	1,358		$	96		$	45,934
Impact of adopting ASU 2016-13			2			16			46			0			0			64
Charge-offs			0			0			(2)			(106)			0			(108)
Recoveries			46			1,246			64			33			0			1,389
Provision (credit) for credit loss expense			229			(1,363)			(404)			343			15			(1,180)
Ending Balance			$	6,316		$	27,186		$	10,858		$	1,628		$	111		$	46,099

The following table details activity in the liabilities for off-balance sheet credit exposures for the three months ended March 31, 2024 and 2023:

(In thousands)			2024			2023
Liabilities for off-balance sheet credit exposures at beginning of period			$	2,270		$	2,796
Provision for credit loss expense related to off-balance sheet credit exposures			506			355
Liabilities for off-balance sheet credit exposures at end of period			$	2,776		$	3,151

The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans:

March 31, 2024
(In thousands)			Real Estate			Business Assets			Other			Total			ACL Allocation
Commercial and Industrial			$	2,678		$	0		$	0		$	2,678		$	300
Commercial Real Estate			41,857			0			0			41,857			1,082
Total Loans and Leases			$	44,535		$	0		$	0		$	44,535		$	1,382

December 31, 2023
(In thousands)			Real Estate			Business Assets			Other			Total			ACL Allocation
Commercial and Industrial			$	2,035		$	0		$	0		$	2,035		$	0
Commercial Real Estate			42,333			0			0			42,333			1,082
Total Loans and Leases			$	44,368		$	0		$	0		$	44,368		$	1,082

Schedule of credit quality indicators on loans by class of commercial and industrial loans and commercial real estate loans

The following tables present credit quality indicators by total loans on an amortized cost basis by origination year as of March 31, 2024 and December 31, 2023:

March 31, 2024
(In thousands)			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total Loans
Commercial and Industrial - Other:
Internal risk grade:
Pass			$	21,184		$	122,804		$	96,426		$	64,762		$	25,160		$	167,533		$	216,495		$	4,592		$	718,956
Special Mention			1,042			858			184			199			205			349			130			0			2,967
Substandard			0			735			31			69			162			2,922			1,710			0			5,629
Total Commercial and Industrial - Other			$	22,226		$	124,397		$	96,641		$	65,030		$	25,527		$	170,804		$	218,335		$	4,592		$	727,552
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial and Industrial - PPP:
Pass			$	0		$	0		$	0		$	233		$	68		$	0		$	0		$	0		$	301
Special Mention			0			0			0			0			0			0			0			0			0
Substandard			0			0			0			0			0			0			0			0			0
Total Commercial and Industrial - PPP			$	0		$	0		$	0		$	233		$	68		$	0		$	0		$	0		$	301
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial and Industrial - Agriculture:
Pass			$	2,581		$	29,717		$	11,582		$	2,661		$	2,624		$	9,681		$	38,347		$	1,686		$	98,879
Special Mention			0			0			0			44			0			0			0			0			44
Substandard			0			0			0			0			52			8			1			0			61
Total Commercial and Industrial - Agriculture			$	2,581		$	29,717		$	11,582		$	2,705		$	2,676		$	9,689		$	38,348		$	1,686		$	98,984
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate
Pass			$	61,676		$	256,427		$	341,242		$	370,270		$	289,733		$	1,165,957		$	19,507		$	3,658		$	2,508,470
Special Mention			0			0			627			0			17,012			24,274			0			0			41,913
Substandard			0			0			15,018			2,127			0			48,114			1,276			0			66,535
Total Commercial Real Estate			$	61,676		$	256,427		$	356,887		372,397			306,745			1,238,345			$	20,783		$	3,658		$	2,616,918
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate - Agriculture:
Pass			$	417		$	14,236		$	38,943		$	22,508		$	20,752		$	109,821		$	4,132		$	0		$	210,809
Special Mention			0			0			0			0			0			1,378			0			0			1,378
Substandard			0			0			0			0			0			187			0			0			187
Total Commercial Real Estate - Agriculture			$	417		$	14,236		$	38,943		$	22,508		$	20,752		$	111,386		$	4,132		$	0		$	212,374
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0

(In thousands)			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total Loans
Commercial Real Estate - Construction
Pass			$	0		$	0		$	690		$	7,413		$	2,057		$	328		$	306,104		$	500		$	317,092
Special Mention			0			0			0			0			0			0			0			0			0
Substandard			0			0			0			0			0			0			0			0			0
Total Commercial Real Estate - Construction			$	0		$	0		$	690		$	7,413		$	2,057		$	328		$	306,104		$	500		$	317,092
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Home Equity
Performing			$	72		$	2,105		$	2,021		$	862		$	496		$	13,575		$	164,952		$	383		$	184,466
Nonperforming			0			0			0			0			0			793			2,681			0			3,474
Total Residential - Home Equity			$	72		$	2,105		$	2,021		$	862		$	496		$	14,368		$	167,633		$	383		$	187,940
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Mortgages
Performing			$	17,791		$	134,697		$	183,845		$	252,852		$	218,740		$	551,972		$	0		$	0		$	1,359,897
Nonperforming			0			0			391			422			877			9,566			0			0			11,256
Total Residential - Mortgages			$	17,791		$	134,697		$	184,236		$	253,274		$	219,617		$	561,538		$	0		$	0		$	1,371,153
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Consumer - Direct
Performing			$	32,279		$	21,706		$	12,354		$	10,538		$	4,872		$	13,201		$	2,670		$	0		$	97,620
Nonperforming			0			0			3			13			0			256			7			0			279
Total Consumer - Direct			$	32,279		$	21,706		$	12,357		$	10,551		$	4,872		$	13,457		$	2,677		$	0		$	97,899
Current-period gross writeoffs			$	401		$	8		$	2		$	16		$	5		$	10		$	0		$	0		$	442
Consumer - Indirect
Performing			$	0		$	0		$	0		$	82		$	54		$	452		$	0		$	0		$	588
Nonperforming			0			0			0			0			0			33			0			0			33
Total Consumer - Indirect			$	0		$	0		$	0		$	82		$	54		$	485		$	0		$	0		$	621
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	3		$	0		$	0		$	3

December 31, 2023
(In thousands)			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total Loans
Commercial and Industrial - Other:
Pass			$	130,993		$	92,335		$	68,030		$	28,237		$	33,618		$	141,758		$	212,349		$	5,063		$	712,383
Special Mention			915			196			222			242			79			1,287			682			0			3,623
Substandard			0			46			78			329			18			2,833			2,580			0			5,884
Total Commercial and Industrial - Other			$	131,908		$	92,577		$	68,330		$	28,808		$	33,715		$	145,878		$	215,611		$	5,063		$	721,890
Current-period gross writeoffs			$	6		$	0		$	0		$	0		$	0		$	29		$	0		$	0		$	35
Commercial and Industrial - Agriculture:
Pass			$	24,924		$	11,935		$	3,341		$	3,114		$	3,268		$	16,759		$	36,728		$	1,030		$	101,099
Special Mention			0			0			47			0			0			0			0			0			47
Substandard			0			0			0			56			0			8			1			0			65
Total Commercial and Industrial - Agriculture			$	24,924		$	11,935		$	3,388		$	3,170		$	3,268		$	16,767		$	36,729		$	1,030		$	101,211
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial and Industrial - PPP:
Pass			$	0		$	0		$	264		$	140		$	0		$	0		$	0		$	0		$	404
Special Mention			0			0			0			0			0			0			0			0			0
Substandard			0			0			0			0			0			0			0			0			0
Total Commercial and Industrial - PPP			$	0		$	0		$	264		$	140		$	0		$	0		$	0		$	0		$	404
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate
Pass			$	246,016		$	317,583		$	365,975		$	292,960		$	272,722		$	921,201		$	34,346		$	24,949		$	2,475,752
Special Mention			0			632			0			17,133			11,422			16,100			0			0			45,287
Substandard			0			15,300			2,128			0			2,059			45,709			1,356			0			66,552
Total Commercial Real Estate			$	246,016		$	333,515		$	368,103		$	310,093		$	286,203		$	983,010		$	35,702		$	24,949		$	2,587,591
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate - Agriculture:
Pass			$	14,668		$	37,256		$	22,813		$	21,001		$	23,794		$	93,890		$	257		$	6,364		$	220,043
Special Mention			0			0			0			0			378			1,033			0			0			1,411
Substandard			0			0			0			0			170			46			0			0			216
Total Commercial Real Estate - Agriculture			$	14,668		$	37,256		$	22,813		$	21,001		$	24,342		$	94,969		$	257		$	6,364		$	221,670
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0

Schedule of loan modifications with financial difficulty

The following table shows the amortized cost basis at March 31, 2024 of the loans modified to borrowers experiencing financial difficulty for the three months ended March 31, 2024, disaggregated by class of financing receivable and type of concession granted:

(In thousands)			Term Extension			Interest Rate Reduction			Payment Delay and Term Extension			Term Extension and Interest Rate Reduction			Payment Delay			Total			% of Total Class of Loans and Leases
Commercial Real Estate
Commercial Real Estate Other			$	0		$	3,084		$	0		$	0		$	0		$	3,084		0.12		%
Total Commercial Real Estate			0			3,084			0			0			0			3,084			0.10		%
Residential
Mortgages			0			0			0			0			396			396			0.03		%
Total Residential			0			0			0			0			396			396			0.03		%
Consumer
Consumer and Other			22			0			0			0			0			22			0.02		%
Total Consumer			22			0			0			0			0			22			0.02		%
Total Loans and Leases			$	22		$	3,084		$	0		$	0		$	396		$	3,502		0.06		%

The following table shows the aging analysis of loan modifications made to borrowers experiencing financial difficulty as of March 31, 2024:

March 31, 2024			Payment Status (Amortized Cost Basis)
(In thousands)			Current			30-59 Days Past Due			60-89 Days Past Due			90+ Days Past Due			Non-Accrual			Total
Commercial Real Estate
Commercial real estate other			$	3,084		$	0		$	0		$	0		$	0		$	3,084
Total Commercial Real Estate			3,084			0			0			0			0			3,084
Residential Real Estate
Mortgages			157			0			0			0			239			396
Total Residential Real Estate			157			0			0			0			239			396
Consumer and Other
Consumer and other			0			0			0			0			22			22
Total Consumer and Other			0			0			0			0			22			22
Total			$	3,241		$	0		$	0		$	0		$	261		$	3,502

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

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Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 310
-SubTopic 10
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-Section 55
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