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Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Schedule of allowance for loan and lease losses segregated by originated and acquired loan and lease portfolios and by portfolio segment

The following tables detail activity in the allowance for credit losses on loans for the three and six months ended June 30, 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 June 30, 2024
(In thousands)			Commercial & Industrial			Commercial Real Estate			Residential Real Estate			Consumer and Other			Finance Leases			Total
Allowance for credit losses:
Beginning balance			$	7,586		$	31,467		$	11,181		$	1,396		$	74		$	51,704
Charge-offs			(30)			0			0			(626)			0			(656)
Recoveries			11			1			5			130			0			147
Provision (credit) for credit loss expense			(155)			1,091			383			551			(6)			1,864
Ending Balance			$	7,412		$	32,559		$	11,569		$	1,451		$	68		$	53,059

Three Months Ended June 30, 2023
(In thousands)			Commercial & Industrial			Commercial Real Estate			Residential Real Estate			Consumer and Other			Finance Leases			Total
Allowance for credit losses:
Beginning balance			$	6,316		$	27,186		$	10,858		$	1,628		$	111		$	46,099
Charge-offs			0			0			0			(169)			0			(169)
Recoveries			13			(9)			114			78			0			196
Provision (credit) for credit loss expense			356			1,791			139			143			(10)			2,419
Ending Balance			$	6,685		$	28,968		$	11,111		$	1,680		$	101		$	48,545

Six Months Ended June 30, 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			(30)			0			0			(1,071)			0			(1,101)
Recoveries			18			3			125			218			0			364
Provision (credit) for credit loss expense			757			975			(256)			747			(11)			2,212
Ending Balance			$	7,412		$	32,559		$	11,569		$	1,451		$	68		$	53,059

Six Months Ended June 30, 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)			(275)			0			(277)
Recoveries			59			1,237			178			111			0			1,585
Provision for credit loss expense			585			428			(265)			486			5			1,239
Ending Balance			$	6,685		$	28,968		$	11,111		$	1,680		$	101		$	48,545

The following tables detail activity in the liabilities for off-balance sheet credit exposures for the three and six months ended June 30, 2024 and 2023:

Three Months Ended June 30,
(In thousands)			2024			2023
Liabilities for off-balance sheet credit exposures at beginning of period			$	2,776		$	3,151
(Credit) provision for credit loss expense related to off-balance sheet credit exposures			308			(166)
Liabilities for off-balance sheet credit exposures at end of period			$	3,084		$	2,985

Six Months Ended June 30,
(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			814			189
Liabilities for off-balance sheet credit exposures at end of period			$	3,084		$	2,985

The following tables present 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:

(In thousands)			Real Estate			Business Assets			Other			Total			ACL Allocation
June 30, 2024
Commercial and Industrial			$	337		$	0		$	0		$	337		$	243
Commercial Real Estate			42,594			0			0			42,594			1,391
Total Loans and Leases			$	42,931		$	0		$	0		$	42,931		$	1,634

(In thousands)			Real Estate			Business Assets			Other			Total			ACL Allocation
December 31, 2023
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 loan modifications with financial difficulty

The following table shows the amortized cost basis at June 30, 2024 of the loans modified to borrowers experiencing financial difficulty during the six months ended June 30, 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 and Industrial
Commercial and Industrial Other			$	15		$	497		$	0		$	0		$	0		$	512		0.07		%
Total Commercial and Industrial			15			497			0			0			0			512			0.06		%
Commercial Real Estate
Commercial Real Estate Other			0			3,054			0			0			0			3,054			0.11		%
Total Commercial Real Estate			0			3,054			0			0			0			3,054			0.10		%
Residential
Mortgages			0			0			0			0			490			490			0.04		%
Total Residential			0			0			0			0			490			490			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			$	37		$	3,551		$	0		$	0		$	490		$	4,078		0.07		%

The following table shows the aging analysis of loan modifications made to borrowers experiencing financial difficulty as of June 30, 2024:

June 30, 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 and Industrial
Commercial and industrial other			$	497		$	0		$	0		$	0		$	15		$	512
Total Commercial and Industrial			497			0			0			0			15			512
Commercial Real Estate
Commercial real estate other			3,054			0			0			0			0			3,054
Total Commercial Real Estate			3,054			0			0			0			0			3,054
Residential Real Estate
Mortgages			156			0			0			0			334			490
Total Residential Real Estate			156			0			0			0			334			490
Consumer and Other
Consumer and other			0			0			0			0			22			22
Total Consumer and Other			0			0			0			0			22			22
Total			$	3,707		$	0		$	0		$	0		$	371		$	4,078

Schedule of credit quality indicators 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 June 30, 2024 and December 31, 2023:

June 30, 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:
Pass			$	80,048		$	127,286		$	93,453		$	60,832		$	23,139		$	161,290		$	215,166		$	6,842		$	768,056
Special Mention			993			801			171			766			170			323			20			0			3,244
Substandard			450			0			0			60			159			896			902			0			2,467
Total Commercial and Industrial - Other			$	81,491		$	128,087		$	93,624		$	61,658		$	23,468		$	162,509		$	216,088		$	6,842		$	773,767
Current-period gross writeoffs			$	0		$	0		$	30		$	0		$	0		$	0		$	0		$	0		$	30
Commercial and Industrial - PPP:
Pass			$	0		$	0		$	0		$	201		$	53		$	0		$	0		$	0		$	254
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		$	201		$	53		$	0		$	0		$	0		$	254
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial and Industrial - Agriculture:
Pass			$	6,835		$	27,390		$	10,935		$	2,545		$	2,136		$	7,098		$	34,149		$	1,787		$	92,875
Special Mention			0			0			0			41			0			0			0			0			41
Substandard			0			0			0			0			49			0			0			0			49
Total Commercial and Industrial - Agriculture			$	6,835		$	27,390		$	10,935		$	2,586		$	2,185		$	7,098		$	34,149		$	1,787		$	92,965
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate
Pass			$	149,918		$	251,108		$	333,784		$	365,517		$	285,878		$	1,142,016		$	18,752		$	12,895		$	2,559,868
Special Mention			0			992			720			0			16,891			20,931			0			0			39,534
Substandard			0			0			15,017			2,126			0			46,539			1,130			0			64,812
Total Commercial Real Estate			$	149,918		$	252,100		$	349,521		$	367,643		$	302,769		$	1,209,486		$	19,882		$	12,895		$	2,664,214
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate - Agriculture:
Pass			$	5,578		$	12,843		$	38,280		$	22,226		$	20,484		$	105,468		$	3,067		$	697		$	208,643
Special Mention			0			0			0			0			0			1,344			0			0			1,344
Substandard			0			0			0			0			0			181			0			0			181
Total Commercial Real Estate - Agriculture			$	5,578		$	12,843		$	38,280		$	22,226		$	20,484		$	106,993		$	3,067		$	697		$	210,168
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			$	536		$	0		$	688		$	8,774		$	2,034		$	299		$	314,428		$	6,053		$	332,812
Special Mention			0			0			0			0			0			0			4,549			0			4,549
Substandard			0			0			0			0			0			0			0			0			0
Total Commercial Real Estate - Construction			$	536		$	0		$	688		$	8,774		$	2,034		$	299		$	318,977		$	6,053		$	337,361
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Home Equity
Performing			$	12,141		$	2,455		$	2,310		$	989		$	550		$	13,454		$	157,852		$	875		$	190,626
Nonperforming			0			0			0			0			0			774			2,696			0			3,470
Total Residential - Home Equity			$	12,141		$	2,455		$	2,310		$	989		$	550		$	14,228		$	160,548		$	875		$	194,096
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Mortgages
Performing			$	55,120		$	136,213		$	179,776		$	247,638		$	212,882		$	534,206		$	0		$	0		$	1,365,835
Nonperforming			0			137			390			421			1,098			9,495			0			0			11,541
Total Residential - Mortgages			$	55,120		$	136,350		$	180,166		$	248,059		$	213,980		$	543,701		$	0		$	0		$	1,377,376
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Consumer - Direct
Performing			$	40,561		$	20,522		$	11,577		$	10,053		$	4,540		$	12,574		$	2,569		$	0		$	102,396
Nonperforming			2			0			3			0			1			165			24			0			195
Total Consumer - Direct			$	40,563		$	20,522		$	11,580		$	10,053		$	4,541		$	12,739		$	2,593		$	0		$	102,591
Current-period gross writeoffs			$	943		$	13		$	2		$	32		$	4		$	74		$	0		$	0		$	1,068
Consumer - Indirect
Performing			$	0		$	0		$	0		$	73		$	41		$	325		$	0		$	0		$	439
Nonperforming			0			0			0			0			0			22			0			0			22
Total Consumer - Indirect			$	0		$	0		$	0		$	73		$	41		$	347		$	0		$	0		$	461
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

(In thousands)			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total Loans
Commercial Real Estate - Construction
Pass			$	9,265		$	2,793		$	8,068		$	2,501		$	357		$	596		$	274,224		$	5,602		$	303,406
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			$	9,265		$	2,793		$	8,068		$	2,501		$	357		$	596		$	274,224		$	5,602		$	303,406
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Home Equity
Performing			$	2,378		$	2,237		$	890		$	529		$	832		$	8,178		$	164,205		$	5,837		$	185,086
Nonperforming			0			0			0			0			0			337			2,893			0			3,230
Total Residential - Home Equity			$	2,378		$	2,237		$	890		$	529		$	832		$	8,515		$	167,098		$	5,837		$	188,316
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	20		$	0		$	0		$	20
Residential - Mortgages
Performing			$	131,004		$	186,401		$	256,127		$	221,945		$	109,594		$	456,167		$	0		$	0		$	1,361,238
Nonperforming			0			393			329			986			883			9,446			0			0			12,037
Total Residential - Mortgages			$	131,004		$	186,794		$	256,456		$	222,931		$	110,477		$	465,613		$	0		$	0		$	1,373,275
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Consumer - Direct
Performing			$	50,295		$	13,327		$	11,316		$	5,157		$	4,037		$	9,857		$	2,723		$	0		$	96,712
Nonperforming			2			0			0			0			70			157			1			0			230
Total Consumer - Direct			$	50,297		$	13,327		$	11,316		$	5,157		$	4,107		$	10,014		$	2,724		$	0		$	96,942
Current-period gross writeoffs			$	801		$	29		$	16		$	21		$	83		$	28		$	0		$	0		$	978
Consumer - Indirect
Performing			$	0		$	0		$	97		$	68		$	402		$	234		$	0		$	0		$	801
Nonperforming			0			0			0			0			30			10			0			0			40
Total Consumer - Indirect			$	0		$	0		$	97		$	68		$	432		$	244		$	0		$	0		$	841
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	53		$	14		$	0		$	0		$	67

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
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