XML 40 R28.htm IDEA: XBRL DOCUMENT v3.24.3

Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 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 nine months ended September 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 September 30, 2024
(In thousands)			Commercial & Industrial			Commercial Real Estate			Residential Real Estate			Consumer and Other			Finance Leases			Total
Allowance for credit losses:
Beginning balance			$	7,412		$	32,559		$	11,569		$	1,451		$	68		$	53,059
Charge-offs			(253)			0			0			(796)			0			(1,049)
Recoveries			11			3			5			118			0			137
Provision (credit) for credit loss expense			444			1,302			802			694			(5)			3,237
Ending Balance			$	7,614		$	33,864		$	12,376		$	1,467		$	63		$	55,384

Three Months Ended September 30, 2023
(In thousands)			Commercial & Industrial			Commercial Real Estate			Residential Real Estate			Consumer and Other			Finance Leases			Total
Allowance for credit losses:
Beginning balance			$	6,685		$	28,968		$	11,111		$	1,680		$	101		$	48,545
Charge-offs			0			0			0			(271)			0			(271)
Recoveries			8			1			4			81			0			94
Provision (credit) for credit loss expense			(241)			366			791			70			(18)			968
Ending Balance			$	6,452		$	29,335		$	11,906		$	1,560		$	83		$	49,336

Nine Months Ended September 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			(283)			0			0			(1,867)			0			(2,150)
Recoveries			29			6			130			336			0			501
Provision (credit) for credit loss expense			1,201			2,277			546			1,441			(16)			5,449
Ending Balance			$	7,614		$	33,864		$	12,376		$	1,467		$	63		$	55,384

Nine Months Ended September 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)			(546)			0			(548)
Recoveries			67			1,238			182			192			0			1,679
Provision (credit) for credit loss expense			344			794			526			556			(13)			2,207
Ending Balance			$	6,452		$	29,335		$	11,906		$	1,560		$	83		$	49,336

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

Three Months Ended September 30,
(In thousands)			2024			2023
Liabilities for off-balance sheet credit exposures at beginning of period			$	3,084		$	2,985
(Credit) provision for credit loss expense related to off-balance sheet credit exposures			(1,063)			182
Liabilities for off-balance sheet credit exposures at end of period			$	2,021		$	3,167

Nine Months Ended September 30,
(In thousands)			2024			2023
Liabilities for off-balance sheet credit exposures at beginning of period			$	2,270		$	2,796
(Credit) provision for credit loss expense related to off-balance sheet credit exposures			(249)			371
Liabilities for off-balance sheet credit exposures at end of period			$	2,021		$	3,167

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, as of September 30, 2024

and December 31, 2023:

(In thousands)			Real Estate			Business Assets			Other			Total			ACL Allocation
September 30, 2024
Commercial and Industrial			$	1,978		$	0		$	0		$	1,978		$	0
Commercial Real Estate			42,517			0			0			42,517			1,429
Total Loans and Leases			$	44,495		$	0		$	0		$	44,495		$	1,429

(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 as of September 30, 2024 of the loans modified to borrowers experiencing financial difficulty, 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			$	12		$	490		$	0		$	0		$	75		$	577		0.07		%
Total Commercial and Industrial			12			490			0			0			75			577			0.06		%
Commercial Real Estate
Commercial Real Estate Other			0			3,022			0			0			394			3,416			0.13		%
Total Commercial Real Estate			0			3,022			0			0			394			3,416			0.10		%
Residential
Home Equity			0			0			0			41			0			41			0.02		%
Mortgages			0			0			0			0			486			486			0.04		%
Total Residential			0			0			0			41			486			527			0.03		%
Consumer
Consumer and Other			23			0			0			0			0			23			0.02		%
Total Consumer			23			0			0			0			0			23			0.02		%
Total Loans and Leases			$	35		$	3,512		$	0		$	41		$	955		$	4,543		0.08		%

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

September 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			$	565		$	0		$	0		$	0		$	12		$	577
Total Commercial and Industrial			565			0			0			0			12			577
Commercial Real Estate
Commercial real estate other			3,416			0			0			0			0			3,416
Total Commercial Real Estate			3,416			0			0			0			0			3,416
Residential Real Estate
Home equity			0			0			0			0			41			41
Mortgages			155			0			0			0			331			486
Total Residential Real Estate			155			0			0			0			372			527
Consumer and Other
Consumer and other			0			0			0			0			23			23
Total Consumer and Other			0			0			0			0			23			23
Total			$	4,136		$	0		$	0		$	0		$	407		$	4,543

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 September 30, 2024 and December 31, 2023:

September 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			$	115,477		$	122,968		$	89,318		$	57,209		$	22,038		$	154,402		$	223,210		$	10,771		$	795,393
Special Mention			1,104			222			159			808			130			261			162			0			2,846
Substandard			440			0			0			52			17			681			418			0			1,608
Total Commercial and Industrial - Other			$	117,021		$	123,190		$	89,477		$	58,069		$	22,185		$	155,344		$	223,790		$	10,771		$	799,847
Current-period gross writeoffs			$	0		$	15		$	30		$	44		$	11		$	183		$	0		$	0		$	283
Commercial and Industrial - PPP:
Pass			$	0		$	0		$	0		$	176		$	38		$	0		$	0		$	0		$	214
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		$	176		$	38		$	0		$	0		$	0		$	214
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial and Industrial - Agriculture:
Pass			$	9,215		$	25,104		$	10,475		$	2,366		$	1,754		$	7,016		$	32,153		$	1,980		$	90,063
Special Mention			0			0			0			38			0			0			0			0			38
Substandard			0			0			0			0			45			0			0			0			45
Total Commercial and Industrial - Agriculture			$	9,215		$	25,104		$	10,475		$	2,404		$	1,799		$	7,016		$	32,153		$	1,980		$	90,146
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate
Pass			$	239,979		$	244,508		$	331,282		$	362,119		$	283,057		$	1,114,169		$	38,270		$	14,092		$	2,627,476
Special Mention			0			0			714			606			16,769			14,574			4,501			0			37,164
Substandard			0			988			15,017			2,121			0			46,264			1,044			0			65,434
Total Commercial Real Estate			$	239,979		$	245,496		$	347,013		$	364,846		$	299,826		$	1,175,007		$	43,815		$	14,092		$	2,730,074
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Commercial Real Estate - Agriculture:
Pass			$	9,421		$	12,288		$	37,885		$	22,008		$	20,215		$	101,556		$	3,923		$	562		$	207,858
Special Mention			0			0			0			0			0			1,310			0			0			1,310
Substandard			0			0			0			0			0			174			0			0			174
Total Commercial Real Estate - Agriculture			$	9,421		$	12,288		$	37,885		$	22,008		$	20,215		$	103,040		$	3,923		$	562		$	209,342
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			$	6,000		$	444		$	685		$	6,904		$	2,010		$	0		$	311,747		$	25,832		$	353,622
Special Mention			0			0			0			0			0			0			17,400			0			17,400
Substandard			0			0			0			0			0			0			0			0			0
Total Commercial Real Estate - Construction			$	6,000		$	444		$	685		$	6,904		$	2,010		$	0		$	329,147		$	25,832		$	371,022
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Home Equity
Performing			$	16,352		$	2,904		$	2,219		$	1,071		$	575		$	13,568		$	158,769		$	1,918		$	197,376
Nonperforming			0			0			0			0			0			607			2,386			0			2,993
Total Residential - Home Equity			$	16,352		$	2,904		$	2,219		$	1,071		$	575		$	14,175		$	161,155		$	1,918		$	200,369
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Residential - Mortgages
Performing			$	81,994		$	133,491		$	175,375		$	243,173		$	208,186		$	516,498		$	0		$	0		$	1,358,717
Nonperforming			0			713			388			593			954			10,373			0			0			13,021
Total Residential - Mortgages			$	81,994		$	134,204		$	175,763		$	243,766		$	209,140		$	526,871		$	0		$	0		$	1,371,738
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	0
Consumer - Direct
Performing			$	41,761		$	19,322		$	10,727		$	9,507		$	4,226		$	12,088		$	2,545		$	0		$	100,176
Nonperforming			0			4			0			0			0			77			55			0			136
Total Consumer - Direct			$	41,761		$	19,326		$	10,727		$	9,507		$	4,226		$	12,165		$	2,600		$	0		$	100,312
Current-period gross writeoffs			$	1,633		$	13		$	5		$	32		$	10		$	165		$	0		$	0		$	1,858
Consumer - Indirect
Performing			$	0		$	0		$	0		$	62		$	30		$	229		$	0		$	0		$	321
Nonperforming			0			0			0			0			0			16			0			0			16
Total Consumer - Indirect			$	0		$	0		$	0		$	62		$	30		$	245		$	0		$	0		$	337
Current-period gross writeoffs			$	0		$	0		$	0		$	0		$	0		$	9		$	0		$	0		$	9

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
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-34

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 33
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-33

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-42

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-42

+ Details

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