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Loans and Allowance for Credit Losses - Loans (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Type of Loan Portfolio Summarized by the Aggregate Risk Rating | Loans, net of unearned income, are summarized as follows by portfolio segment:
(In thousands) | December 31, 2023 |  | December 31, 2022
Commercial real estate (1) |  |  |
CRE Nonowner Occupied | $ | 1,149,553 |  |  | $ | 1,184,306 |
CRE Owner Occupied | 629,904 |  |  | 488,551 |
Multifamily | 309,059 |  |  | 197,620 |
Farmland | 212,690 |  |  | 182,457 |
Total Commercial real estate | 2,301,206 |  |  | 2,052,934 |
Commercial and industrial | 675,079 |  |  | 596,042 |
Construction |  |  |
Residential Construction | 92,843 |  |  | 90 |
Other Construction | 362,624 |  |  | 441,156 |
Total Construction | 455,467 |  |  | 441,246 |
Residential mortgage (1) |  |  |
1-4 Family 1st Lien | 339,142 |  |  | 305,386 |
1-4 Family Rental | 341,937 |  |  | — |
HELOC and Junior Liens | 132,795 |  |  | 110,835 |
Total Residential Mortgage | 813,874 |  |  | 416,221 |
Consumer | 7,166 |  |  | 7,676 |
Total loans | $ | 4,252,792 |  |  | $ | 3,514,119 |
(1) In accordance with the guidance in FASB ASC Topic 326, Mid Penn redefined its loan portfolio segments and related loan classes based on the level at which risk is monitored within the ACL methodology. As such, $181.9 million of loans were reclassified from Commercial real estate to Residential mortgage upon adoption of CECL on January 1, 2023. The following table presents risk ratings by loan portfolio segment and origination year, which is the year of origination or renewal.
| December 31, 2023
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  |
(In thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 271,655 |  |  | $ | 556,801 |  |  | $ | 386,911 |  |  | $ | 297,746 |  |  | $ | 178,434 |  |  | $ | 528,326 |  |  | $ | 38,261 |  |  | $ | 2,258,134 |
Special mention | 194 |  |  | — |  |  | — |  |  | — |  |  | 6,009 |  |  | 10,482 |  |  | 186 |  |  | 16,871 |
Substandard or lower | — |  |  | 5,209 |  |  | 208 |  |  | 3,162 |  |  | 229 |  |  | 17,345 |  |  | 48 |  |  | 26,201 |
Total commercial real estate | 271,849 |  |  | 562,010 |  |  | 387,119 |  |  | 300,908 |  |  | 184,672 |  |  | 556,153 |  |  | 38,495 |  |  | 2,301,206 |
Gross charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16) |  |  | — |  |  | (16) |
Net charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16) |  |  | — |  |  | (16) |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 158,824 |  |  | 106,714 |  |  | 68,448 |  |  | 29,961 |  |  | 50,206 |  |  | 57,892 |  |  | 188,714 |  |  | 660,759 |
Special mention | — |  |  | 89 |  |  | 2,224 |  |  | — |  |  | 227 |  |  | 2,200 |  |  | 4,391 |  |  | 9,131 |
Substandard or lower | — |  |  | — |  |  | 662 |  |  | — |  |  | — |  |  | 1,978 |  |  | 2,549 |  |  | 5,189 |
Total commercial and industrial | 158,824 |  |  | 106,803 |  |  | 71,334 |  |  | 29,961 |  |  | 50,433 |  |  | 62,070 |  |  | 195,654 |  |  | 675,079 |
Gross charge offs | — |  |  | (100) |  |  | — |  |  | (111) |  |  | — |  |  | (27) |  |  | — |  |  | (238) |
Net charge offs | — |  |  | (100) |  |  | — |  |  | (111) |  |  | — |  |  | (27) |  |  | — |  |  | (238) |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 153,596 |  |  | 181,214 |  |  | 54,658 |  |  | 22,357 |  |  | 10,247 |  |  | 5,856 |  |  | 23,262 |  |  | 451,190 |
Special mention | — |  |  | — |  |  | — |  |  | 1,447 |  |  | — |  |  | — |  |  | — |  |  | 1,447 |
Substandard or lower | — |  |  | 573 |  |  | — |  |  | — |  |  | — |  |  | 2,257 |  |  | — |  |  | 2,830 |
Total construction | 153,596 |  |  | 181,787 |  |  | 54,658 |  |  | 23,804 |  |  | 10,247 |  |  | 8,113 |  |  | 23,262 |  |  | 455,467 |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | 158,634 |  |  | 153,203 |  |  | 111,610 |  |  | 90,382 |  |  | 27,863 |  |  | 178,898 |  |  | 87,723 |  |  | 808,313 |
Non-performing | — |  |  | — |  |  | 93 |  |  | 1,470 |  |  | — |  |  | 3,998 |  |  | — |  |  | 5,561 |
Total residential mortgage | 158,634 |  |  | 153,203 |  |  | 111,703 |  |  | 91,852 |  |  | 27,863 |  |  | 182,896 |  |  | 87,723 |  |  | 813,874 |
Gross charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (13) |  |  | — |  |  | (13) |
Current period recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 38 |  |  | — |  |  | 38 |
Net recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | 2,361 |  |  | 754 |  |  | 649 |  |  | 273 |  |  | 223 |  |  | 103 |  |  | 2,803 |  |  | 7,166 |
Non-performing | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total consumer | 2,361 |  |  | 754 |  |  | 649 |  |  | 273 |  |  | 223 |  |  | 103 |  |  | 2,803 |  |  | 7,166 |
Gross charge offs | (86) |  |  | — |  |  | (10) |  |  | (9) |  |  | — |  |  | (30) |  |  | — |  |  | (135) |
Current period recoveries | 26 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 5 |  |  | — |  |  | 32 |
Net charge offs | (60) |  |  | — |  |  | (10) |  |  | (8) |  |  | — |  |  | (25) |  |  | — |  |  | (103) |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 584,075 |  |  | 844,729 |  |  | 510,017 |  |  | 350,064 |  |  | 238,887 |  |  | 592,074 |  |  | 250,237 |  |  | 3,370,083 |
Special mention | 194 |  |  | 89 |  |  | 2,224 |  |  | 1,447 |  |  | 6,236 |  |  | 12,682 |  |  | 4,577 |  |  | 27,449 |
Substandard or lower | — |  |  | 5,782 |  |  | 870 |  |  | 3,162 |  |  | 229 |  |  | 21,580 |  |  | 2,597 |  |  | 34,220 |
Performing | 160,995 |  |  | 153,957 |  |  | 112,259 |  |  | 90,655 |  |  | 28,086 |  |  | 179,001 |  |  | 90,526 |  |  | 815,479 |
Nonperforming | — |  |  | — |  |  | 93 |  |  | 1,470 |  |  | — |  |  | 3,998 |  |  | — |  |  | 5,561 |
Total | $ | 745,264 |  |  | $ | 1,004,557 |  |  | $ | 625,463 |  |  | $ | 446,798 |  |  | $ | 273,438 |  |  | $ | 809,335 |  |  | $ | 347,937 |  |  | $ | 4,252,792 |
(In thousands) |  | Pass |  | Special Mention |  | Substandard |  | Total
December 31, 2022 |  |  |  |
Commercial real estate |  | $ | 2,018,088 |  |  | $ | 12,325 |  |  | $ | 22,521 |  |  | $ | 2,052,934 |
Commercial and industrial |  | 582,540 |  |  | 4,212 |  |  | 9,290 |  |  | 596,042 |
Construction |  | 438,990 |  |  | 2,256 |  |  | — |  |  | 441,246 |
Residential mortgage |  | 409,259 |  |  | 3,104 |  |  | 3,858 |  |  | 416,221 |
Consumer |  | 7,676 |  |  | — |  |  | — |  |  | 7,676 |
Total loans |  | $ | 3,456,553 |  |  | $ | 21,897 |  |  | $ | 35,669 |  |  | $ | 3,514,119 |
The information presented in the designated internal risk categories by portfolio segment table presented above is not required for periods prior to the adoption of CECL. The following table presents the most comparable required information for the prior period, internal credit risk ratings, for the indicated loan portfolio segments as of December 31, 2022:
(In thousands) |  | Pass |  | Special Mention |  | Substandard |  | Total
December 31, 2022 |  |  |  |
Commercial real estate |  | $ | 2,018,088 |  |  | $ | 12,325 |  |  | $ | 22,521 |  |  | $ | 2,052,934 |
Commercial and industrial |  | 582,540 |  |  | 4,212 |  |  | 9,290 |  |  | 596,042 |
Construction |  | 438,990 |  |  | 2,256 |  |  | — |  |  | 441,246 |
Residential mortgage |  | 409,259 |  |  | 3,104 |  |  | 3,858 |  |  | 416,221 |
Consumer |  | 7,676 |  |  | — |  |  | — |  |  | 7,676 |
Total loans |  | $ | 3,456,553 |  |  | $ | 21,897 |  |  | $ | 35,669 |  |  | $ | 3,514,119 |
Loan Portfolio Summarized by the Past Due Status | The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The classes of the loan portfolio summarized by the past due status as of December 31, 2023 and December 31, 2022, are summarized as follows:
(In thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days |  | Total Past Due |  | Current |  | Total Loans |  | Loans Receivable > 90 Days and Accruing
December 31, 2023 |  |  |  |  |  |
Commercial real estate | $ | 5,073 |  |  | $ | 682 |  |  | $ | 2,974 |  |  | $ | 8,729 |  |  | $ | 2,292,477 |  |  | $ | 2,301,206 |  |  | $ | — |
Commercial and industrial | 638 |  |  | 24 |  |  | 1,270 |  |  | 1,932 |  |  | 673,147 |  |  | 675,079 |  |  | — |
Construction | — |  |  | 270 |  |  | 2,559 |  |  | 2,829 |  |  | 452,638 |  |  | 455,467 |  |  | — |
Residential mortgage | 4,648 |  |  | 267 |  |  | 2,518 |  |  | 7,433 |  |  | 806,441 |  |  | 813,874 |  |  | — |
Consumer | 41 |  |  | 31 |  |  | — |  |  | 72 |  |  | 7,094 |  |  | 7,166 |  |  | — |
Total | $ | 10,400 |  |  | $ | 1,274 |  |  | $ | 9,321 |  |  | $ | 20,995 |  |  | $ | 4,231,797 |  |  | $ | 4,252,792 |  |  | $ | — |
(In thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days |  | Total Past Due |  | Current |  | Total Loans |  | Loans Receivable > 90 Days and Accruing
December 31, 2022 |  |  |  |  |  |
Commercial real estate | $ | 1,792 |  |  | $ | — |  |  | $ | 1,438 |  |  | $ | 3,230 |  |  | $ | 2,047,167 |  |  | $ | 2,050,397 |  |  | $ | — |
Commercial and industrial | 1,808 |  |  | 3 |  |  | 1,854 |  |  | 3,665 |  |  | 592,377 |  |  | 596,042 |  |  | 654 |
Construction | 2,258 |  |  | — |  |  | — |  |  | 2,258 |  |  | 438,988 |  |  | 441,246 |  |  | — |
Residential mortgage | 3,826 |  |  | 955 |  |  | 670 |  |  | 5,451 |  |  | 409,630 |  |  | 415,081 |  |  | — |
Consumer | 44 |  |  | 19 |  |  | — |  |  | 63 |  |  | 7,613 |  |  | 7,676 |  |  | — |
Loans acquired with credit deterioration: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 78 |  |  | — |  |  | 826 |  |  | 904 |  |  | 1,633 |  |  | 2,537 |  |  | — |
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgage | 223 |  |  | 228 |  |  | 241 |  |  | 692 |  |  | 448 |  |  | 1,140 |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 10,029 |  |  | $ | 1,205 |  |  | $ | 5,029 |  |  | $ | 16,263 |  |  | $ | 3,497,856 |  |  | $ | 3,514,119 |  |  | $ | 654 |
Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration | Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of December 31, 2023 and 2022 are summarized as follows:
|  | December 31, 2023 |  | December 31, 2022
|  | Non-accrual Loans |  | Total non-accrual Loans
(In thousands) |  | With a Related Allowance |  | Without a Related Allowance |  | Total |
Commercial real estate |  | $ | 454 |  |  | $ | 6,133 |  |  | $ | 6,587 |  |  | $ | 4,864 |
Commercial and industrial |  | 1,222 |  |  | 64 |  |  | 1,286 |  |  | 1,222 |
Construction |  | — |  |  | 2,559 |  |  | 2,559 |  |  | — |
Residential mortgage |  | 2 |  |  | 3,782 |  |  | 3,784 |  |  | 2,109 |
Consumer |  | — |  |  | — |  |  | — |  |  |
|  | $ | 1,678 |  |  | $ | 12,538 |  |  | $ | 14,216 |  |  | $ | 8,195 |
Allowance for Loan Losses and Recorded Investment in Financing Receivables | The following table presents the activity in the ACL - loans as calculated under the CECL methodology by portfolio segment for the twelve months ended December 31, 2023:
(In thousands) |  | Balance at December 31, 2022 |  | CECL Impact |  | PCD Loans |  | Charge offs |  | Recoveries |  | Net loans (charged off) recovered |  | Provision for credit losses (1) |  | Balance at December 31, 2023
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CRE Nonowner Occupied |  | $ | 8,284 |  |  | $ | 259 |  |  | $ | 312 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,412 |  |  | $ | 10,267 |
CRE Owner Occupied |  | 2,916 |  |  | 91 |  |  | 2 |  |  | (16) |  |  | — |  |  | (16) |  |  | 2,653 |  |  | 5,646 |
Multifamily |  | 1,111 |  |  | 35 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,056 |  |  | 2,202 |
Farmland |  | 831 |  |  | 26 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,207 |  |  | 2,064 |
Commercial and industrial |  | 4,593 |  |  | 6,601 |  |  | 5 |  |  | (238) |  |  | — |  |  | (238) |  |  | (3,830) |  |  | 7,131 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Construction |  | — |  |  | 1,270 |  |  | 12 |  |  | — |  |  | — |  |  | — |  |  | (26) |  |  | 1,256 |
Other Construction |  | — |  |  | 1,931 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 214 |  |  | 2,146 |
Residential Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 Family 1st Lien |  | 370 |  |  | 1,307 |  |  | 4 |  |  | (13) |  |  | 7 |  |  | (6) |  |  | (468) |  |  | 1,207 |
1-4 Family Rental |  | 288 |  |  | 731 |  |  | — |  |  | — |  |  | 31 |  |  | 31 |  |  | 809 |  |  | 1,859 |
HELOC and Junior Liens |  | 661 |  |  | (230) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42) |  |  | 389 |
Consumer |  | 29 |  |  | 154 |  |  | — |  |  | (135) |  |  | 32 |  |  | (103) |  |  | (60) |  |  | 20 |
Unallocated |  | (126) |  |  | (244) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 370 |  |  | — |
Total |  | $ | 18,957 |  |  | $ | 11,931 |  |  | $ | 336 |  |  | $ | (402) |  |  | $ | 70 |  |  | $ | (332) |  |  | $ | 3,295 |  |  | $ | 34,187 |
(1) Includes a $2.0 million initial provision for credit losses on non-PCD loans acquired in the Brunswick Acquisition The following table presents the ACL for loans and the amortized cost basis of the loans by the measurement methodology used as of December 31, 2023:
(In thousands) | ACL - Loans |  |  |  | Loans |  |
December 31, 2023 | Collectively Evaluated for Credit Loss |  | Individually Evaluated for Credit Loss |  | Total ACL - Loans |  | Collectively Evaluated for Credit Loss |  | Individually Evaluated for Credit Loss |  | Total Loans
Commercial real estate |  |  |  |  |  |  |  |  |  |  |
CRE Nonowner Occupied | $ | 9,906 |  |  | $ | 361 |  |  | $ | 10,267 |  |  | $ | 1,145,048 |  |  | $ | 4,505 |  |  | $ | 1,149,553 |
CRE Owner Occupied | 5,646 |  |  |  |  | 5,646 |  |  | 627,995 |  |  | 1,909 |  |  | 629,904 |
Multifamily | 2,190 |  |  | 12 |  |  | 2,202 |  |  | 308,886 |  |  | 173 |  |  | 309,059 |
Farmland | 2,064 |  |  |  |  | 2,064 |  |  | 212,690 |  |  |  |  | 212,690 |
Commercial and industrial | 6,419 |  |  | 712 |  |  | 7,131 |  |  | 673,793 |  |  | 1,286 |  |  | 675,079 |
Construction |  |  |  |  |  |  |  |  |  |  |
Residential Construction | 1,256 |  |  |  |  | 1,256 |  |  | 92,270 |  |  | 573 |  |  | 92,843 |
Other Construction | 2,146 |  |  |  |  | 2,146 |  |  | 360,368 |  |  | 2,256 |  |  | 362,624 |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |
1-4 Family 1st Lien | 1,207 |  |  |  |  | 1,207 |  |  | 337,267 |  |  | 1,875 |  |  | 339,142 |
1-4 Family Rental | 1,857 |  |  | 2 |  |  | 1,859 |  |  | 341,236 |  |  | 701 |  |  | 341,937 |
HELOC and Junior Liens | 389 |  |  |  |  | 389 |  |  | 131,587 |  |  | 1,208 |  |  | 132,795 |
Consumer | 20 |  |  | — |  |  | 20 |  |  | 7,166 |  |  | — |  |  | 7,166 |
Total | $ | 33,100 |  |  | $ | 1,087 |  |  | $ | 34,187 |  |  | $ | 4,238,306 |  |  | $ | 14,486 |  |  | $ | 4,252,792 |
The following table summarizes the allowance as calculated under the incurred loss methodology and recorded investments in loans receivable:
(In thousands) |  | Commercial Real Estate |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Consumer |  | Unallocated |  | Total
Balance at December 31, 2020 |  | 8,655 |  |  | 3,066 |  |  | 134 |  |  | 936 |  |  | 1 |  |  | 590 |  |  | 13,382 |
Loans charged off |  | (1,044) |  |  | (866) |  |  | (23) |  |  | (13) |  |  | (42) |  |  | — |  |  | (1,988) |
Recoveries |  | 207 |  |  | 13 |  |  | 8 |  |  | 11 |  |  | 19 |  |  | — |  |  | 258 |
Provisions (credits) |  | 1,597 |  |  | 1,226 |  |  | (81) |  |  | 85 |  |  | 24 |  |  | 94 |  |  | 2,945 |
Balance at December 31, 2021 |  | 9,415 |  |  | 3,439 |  |  | 38 |  |  | 1,019 |  |  | 2 |  |  | 684 |  |  | 14,597 |
Loans charged off |  | (7) |  |  | (1) |  |  | — |  |  | (26) |  |  | (97) |  |  | — |  |  | (131) |
Recoveries |  | 128 |  |  | 13 |  |  | 24 |  |  | 4 |  |  | 22 |  |  | — |  |  | 191 |
Provisions (credits) |  | 3,606 |  |  | 1,142 |  |  | (62) |  |  | 322 |  |  | 102 |  |  | (810) |  |  | 4,300 |
Balance at December 31, 2022 |  | $ | 13,142 |  |  | $ | 4,593 |  |  | $ | — |  |  | $ | 1,319 |  |  | $ | 29 |  |  | $ | (126) |  |  | $ | 18,957 |
Allowance for Loan Losses at December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | $ | 13,078 |  |  | $ | 3,792 |  |  | $ | — |  |  | $ | 1,297 |  |  | $ | 29 |  |  | $ | (126) |  |  | $ | 18,070 |
Individually evaluated for impairment |  | $ | 64 |  |  | $ | 801 |  |  | $ | — |  |  | $ | 22 |  |  | $ | — |  |  | $ | — |  |  | $ | 887 |
|  | $ | 13,142 |  |  | $ | 4,593 |  |  | $ | — |  |  | $ | 1,319 |  |  | $ | 29 |  |  | $ | (126) |  |  | $ | 18,957 |
Loans, Net of Unearned Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | $ | 2,048,074 |  |  | $ | 594,820 |  |  | $ | 441,246 |  |  | $ | 413,717 |  |  | $ | 7,676 |  |  | $ | — |  |  | $ | 3,505,533 |
Individually evaluated for impairment |  | 2,323 |  |  | 1,222 |  |  | — |  |  | 1,364 |  |  | — |  |  | — |  |  | 4,909 |
Acquired with credit deterioration |  | 2,537 |  |  | — |  |  | — |  |  | 1,140 |  |  | — |  |  | — |  |  | 3,677 |
|  | $ | 2,052,934 |  |  | $ | 596,042 |  |  | $ | 441,246 |  |  | $ | 416,221 |  |  | $ | 7,676 |  |  | $ | — |  |  | $ | 3,514,119 |
Troubled Debt Restructurings | Information related to loans modified (by type of modification), whereby the borrower was experiencing financial difficulty at the time of modification as of December 31, 2023, is set forth in the following table:
(In thousands) | Interest Only |  | Term Extension |  | Combination: Interest Only and Term Extension |  | Total |  | % of Total Class of Financing Receivable
Three months ended December 31, 2023 |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | — | %
Commercial and industrial | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction | — |  |  | 700 |  |  | — |  |  | 700 |  |  | 0.15 |
Total | $ | — |  |  | $ | 700 |  |  | $ | — |  |  | $ | 700 |  |  | 0.02 | %
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 51 |  |  | $ | — |  |  | $ | 180 |  |  | $ | 231 |  |  | 0.01 | %
Commercial and industrial | — |  |  | 150 |  |  | — |  |  | 150 |  |  | 0.02 |
Construction | — |  |  | 700 |  |  | — |  |  | 700 |  |  | 0.15 |
Total | $ | 51 |  |  | $ | 850 |  |  | $ | 180 |  |  | $ | 1,081 |  |  | 0.16 | %
As of December 31, 2022, there were no defaulted troubled debt restructured loans, as all troubled debt restructured loans were current with respect to their associated forbearance agreements. There were also no defaults on troubled debt restructured loans within twelve months of restructure during 2022.
(In thousands) | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Recorded Investment
December 31, 2022 |  |
Commercial real estate | $ | 851 |  |  | $ | 815 |  |  | $ | 109 |
Residential mortgage | 590 |  |  | 590 |  |  | 415 |
| $ | 1,441 |  |  | $ | 1,405 |  |  | $ | 524 |

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