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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Summary of Loan Portfolio, Excluding Residential Loans Held for Sale, Broken Out by Classes

The following table presents the loan portfolio by segment and class, excluding residential mortgage LHFS, at March 31, 2021 and December 31, 2020:

			March 31, 2021						December 31, 2020
Commercial real estate:
Owner occupied			$	177,934					$	174,908
Non-owner occupied			415,219						409,567
Multi-family			111,757						113,635
Non-owner occupied residential			101,381						114,505
Acquisition and development:
1-4 family residential construction			12,138						9,486
Commercial and land development			45,229						51,826
Commercial and industrial (1)			750,831						647,368
Municipal			19,238						20,523
Residential mortgage:
First lien			225,247						244,321
Home equity - term			9,183						10,169
Home equity - lines of credit			153,169						157,021
Installment and other loans			23,695						26,361
Total loans			$	2,045,021					$	1,979,690

(1) This balance includes $504.3 million and $403.3 million of SBA PPP loans, net of deferred fees and costs, at March 31, 2021 and December 31, 2020, respectively.

Loan Portfolio Ratings Based on Internal Risk Rating System

The following table summarizes the Company’s loan portfolio ratings based on its internal risk rating system at March 31, 2021 and December 31, 2020:

			Pass						Special Mention						Non-Impaired Substandard						Impaired - Substandard						Doubtful						PCI Loans						Total
March 31, 2021
Commercial real estate:
Owner occupied			$	151,583					$	11,555					$	8,380					$	3,994					$	—					$	2,422					$	177,934
Non-owner occupied			357,871						57,023						—						—						—						325						415,219
Multi-family			91,067						20,057						633						—						—						—						111,757
Non-owner occupied residential			95,379						3,274						1,232						262						—						1,234						101,381
Acquisition and development:
1-4 family residential construction			12,138						—						—						—						—						—						12,138
Commercial and land development			44,066						647						516						—						—						—						45,229
Commercial and industrial			728,962						10,500						5,649						3,378						—						2,342						750,831
Municipal			19,238						—						—						—						—						—						19,238
Residential mortgage:
First lien			217,542						—						—						2,560						—						5,145						225,247
Home equity - term			9,086						—						61						18						—						18						9,183
Home equity - lines of credit			152,443						91						54						581						—						—						153,169
Installment and other loans			23,617						—						—						23						—						55						23,695
			$	1,902,992					$	103,147					$	16,525					$	10,816					$	—					$	11,541					$	2,045,021
December 31, 2020
Commercial real estate:
Owner occupied			$	148,846					$	12,491					$	7,855					$	3,260					$	—					$	2,456					$	174,908
Non-owner occupied			351,860						57,378						—						—						—						329						409,567
Multi-family			92,769						20,224						642						—						—						—						113,635
Non-owner occupied residential			107,557						3,948						1,422						268						—						1,310						114,505
Acquisition and development:
1-4 family residential construction			9,101						385						—						—						—						—						9,486
Commercial and land development			49,832						655						525						814						—						—						51,826
Commercial and industrial			617,213						17,561						6,118						3,639						—						2,837						647,368
Municipal			20,523						—						—						—						—						—						20,523
Residential mortgage:
First lien			236,381						—						—						2,628						—						5,312						244,321
Home equity - term			10,076						—						64						10						—						19						10,169
Home equity - lines of credit			156,264						95						54						608						—						—						157,021
Installment and other loans			26,283						—						—						17						—						61						26,361
			$	1,826,705					$	112,737					$	16,680					$	11,244					$	—					$	12,324					$	1,979,690

Impaired Loans by Segment and Class

The following table, which excludes PCI loans, summarizes impaired loans by segment and class, segregated by those for which a specific allowance was required and those for which a specific allowance was not required at March 31, 2021 and December 31, 2020. The recorded investment in loans excludes accrued interest receivable due to insignificance. Related allowances established generally pertain to those loans in which loan forbearance agreements were in the process of being negotiated or updated appraisals were pending, and any partial charge-off will be recorded when final information is received.

			Impaired Loans with a Specific Allowance																		Impaired Loans with No Specific Allowance
			Recorded Investment (Book Balance)						Unpaid Principal Balance (Legal Balance)						Related Allowance						Recorded Investment (Book Balance)						Unpaid Principal Balance (Legal Balance)
March 31, 2021
Commercial real estate:
Owner-occupied			$	—					$	—					$	—					$	3,994					$	4,950
Non-owner occupied residential			—						—						—						262						390
Commercial and industrial			—						—						—						3,378						4,032
Residential mortgage:
First lien			407						407						31						2,153						3,213
Home equity—term			—						—						—						18						24
Home equity—lines of credit			—						—						—						581						811
Installment and other loans			—						—						—						23						24
			$	407					$	407					$	31					$	10,409					$	13,444
December 31, 2020
Commercial real estate:
Owner-occupied			$	—					$	—					$	—					$	3,260					$	4,091
Non-owner occupied residential			—						—						—						268						393
Acquisition and development:
Commercial and land development			—						—						—						814						875
Commercial and industrial			—						—						—						3,639						4,269
Residential mortgage:
First lien			424						508						33						2,204						3,264
Home equity—term			—						—						—						10						13
Home equity—lines of credit			—						—						—						608						832
Installment and other loans			—						—						—						17						18
			$	424					$	508					$	33					$	10,820					$	13,755

Average Recorded Investment in Impaired Loans and Related Interest Income

The following table, which excludes accruing PCI loans, summarizes the average recorded investment in impaired loans and related recognized interest income for the three months ended March 31, 2021 and 2020:

			2021												2020
			Average Impaired Balance						Interest Income Recognized						Average Impaired Balance						Interest Income Recognized
Three Months Ended March 31,
Commercial real estate:
Owner occupied			$	3,448					$	1					$	5,234					$	1
Multi-family			19						—						341						—
Non-owner occupied residential			267						—						257						—
Acquisition and development:
Commercial and land development			614						—						209						—
Commercial and industrial			2,878						—						1,313						—
Residential mortgage:
First lien			2,636						11						2,400						12
Home equity - term			12						—						12						—
Home equity - lines of credit			616						—						726						—
Installment and other loans			15						—						46						—
			$	10,505					$	12					$	10,538					$	13

Troubled Debt Restructurings

The following table presents impaired loans that are TDRs, with the recorded investment at March 31, 2021 and December 31, 2020:

			March 31, 2021												December 31, 2020
			Number of Contracts						Recorded Investment						Number of Contracts						Recorded Investment
Accruing:
Commercial real estate:
Owner occupied			1						$	27					1						$	28
Residential mortgage:
First lien			9						888						9						898
Home equity - lines of credit			1						6						1						8
			11						921						11						934
Nonaccruing:
Residential mortgage:
First lien			5						311						5						320
			5						311						5						320
			16						$	1,232					16						$	1,254

Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans

The following table presents the classes of loan portfolio summarized by aging categories of performing loans and nonaccrual loans at March 31, 2021 and December 31, 2020:

									Days Past Due
			Current						30-59						60-89						90+ (still accruing)						Total Past Due						Non- Accrual						Total Loans
March 31, 2021
Commercial real estate:
Owner occupied			$	171,501					$	44					$	—					$	—					$	44					$	3,967					$	175,512
Non-owner occupied			413,243						1,651						—						—						1,651						—						414,894
Multi-family			111,757						—						—						—						—						—						111,757
Non-owner occupied residential			99,545						340						—						—						340						262						100,147
Acquisition and development:
1-4 family residential construction			12,138						—						—						—						—						—						12,138
Commercial and land development			45,175						54						—						—						54						—						45,229
Commercial and industrial			744,990						39						65						17						121						3,378						748,489
Municipal			19,238						—						—						—						—						—						19,238
Residential mortgage:
First lien			214,318						3,939						173						—						4,112						1,672						220,102
Home equity - term			9,143						4						—						—						4						18						9,165
Home equity - lines of credit			151,964						630						—						—						630						575						153,169
Installment and other loans			23,413						151						53						—						204						23						23,640
Subtotal			2,016,425						6,852						291						17						7,160						9,895						2,033,480
Loans acquired with credit deterioration:
Commercial real estate:
Owner occupied			2,422						—						—						—						—						—						2,422
Non-owner occupied			325						—						—						—						—						—						325
Non-owner occupied residential			1,091						—						—						143						143						—						1,234
Commercial and industrial			2,342						—						—						—						—						—						2,342
Residential mortgage:
First lien			4,745						346						18						36						400						—						5,145
Home equity - term			18						—						—						—						—						—						18
Installment and other loans			52						3						—						—						3						—						55
Subtotal			10,995						349						18						179						546						—						11,541
			$	2,027,420					$	7,201					$	309					$	196					$	7,706					$	9,895					$	2,045,021

									Days Past Due
			Current						30-59						60-89						90+ (still accruing)						Total Past Due						Non- Accrual						Total Loans
December 31, 2020
Commercial real estate:
Owner occupied			$	168,262					$	958					$	—					$	—					$	958					$	3,232					$	172,452
Non-owner occupied			409,130						108						—						—						108						—						409,238
Multi-family			113,635						—						—						—						—						—						113,635
Non-owner occupied residential			112,443						484						—						—						484						268						113,195
Acquisition and development:
1-4 family residential construction			9,486						—						—						—						—						—						9,486
Commercial and land development			50,922						32						58						—						90						814						51,826
Commercial and industrial			640,573						9						310						—						319						3,639						644,531
Municipal			19,677						846						—						—						846						—						20,523
Residential mortgage:
First lien			230,903						5,758						535						83						6,376						1,730						239,009
Home equity - term			10,099						40						—						1						41						10						10,150
Home equity - lines of credit			156,153						268						—						—						268						600						157,021
Installment and other loans			26,052						168						49						14						231						17						26,300
Subtotal			1,947,335						8,671						952						98						9,721						10,310						1,967,366
Loans acquired with credit deterioration:
Commercial real estate:
Owner occupied			2,456						—						—						—						—						—						2,456
Non-owner occupied			329						—						—						—						—						—						329
Non-owner occupied residential			1,161						—						—						149						149						—						1,310
Commercial and industrial			2,837						—						—						—						—						—						2,837
Residential mortgage:
First lien			4,341						655						9						307						971						—						5,312
Home equity - term			19						—						—						—						—						—						19
Installment and other loans			57						4						—						—						4						—						61
Subtotal			11,200						659						9						456						1,124						—						12,324
			$	1,958,535					$	9,330					$	961					$	554					$	10,845					$	10,310					$	1,979,690

Summary of Activity in the ALL and Ending Loan Balances Individually Evaluated for Impairment Based on Loan Segment

The following table presents the activity in the ALL for the three months ended March 31, 2021 and 2020:

			Commercial																														Consumer
			Commercial Real Estate						Acquisition and Development						Commercial and Industrial						Municipal						Total						Residential Mortgage						Installment and Other						Total						Unallocated						Total
Three Months Ended
March 31, 2021
Balance, beginning of period			$	11,151					$	1,114					$	3,942					$	40					$	16,247					$	3,362					$	324					$	3,686					$	218					$	20,151
Provision for loan losses			(494)						(69)						(54)						(2)						(619)						(289)						(106)						(395)						14						(1,000)
Charge-offs			—						—						(454)						—						(454)						(21)						(20)						(41)						—						(495)
Recoveries			14						1						280						—						295						6						10						16						—						311
Balance, end of period			$	10,671					$	1,046					$	3,714					$	38					$	15,469					$	3,058					$	208					$	3,266					$	232					$	18,967
March 31, 2020
Balance, beginning of period			$	7,634					$	959					$	2,356					$	100					$	11,049					$	3,147					$	319					$	3,466					$	140					$	14,655
Provision for loan losses			383						71						322						(1)						775						77						42						119						31						925
Charge-offs			—						—						(75)						—						(75)						(91)						(72)						(163)						—						(238)
Recoveries			403						3						44						—						450						6						5						11						—						461
Balance, end of period			$	8,420					$	1,033					$	2,647					$	99					$	12,199					$	3,139					$	294					$	3,433					$	171					$	15,803

The following table summarizes the ending loan balance individually evaluated for impairment based upon loan segment, as well as the related ALL loss allocation for each at March 31, 2021 and December 31, 2020. PCI loans are excluded from loans individually evaluated for impairment.

			Commercial																														Consumer
			Commercial Real Estate						Acquisition and Development						Commercial and Industrial						Municipal						Total						Residential Mortgage						Installment and Other						Total						Unallocated						Total
March 31, 2021
Loans allocated by:
Individually evaluated for impairment			$	4,256					$	—					$	3,378					$	—					$	7,634					$	3,159					$	23					$	3,182					$	—					$	10,816
Collectively evaluated for impairment			802,035						57,367						747,453						19,238						1,626,093						384,440						23,672						408,112						—						2,034,205
			$	806,291					$	57,367					$	750,831					$	19,238					$	1,633,727					$	387,599					$	23,695					$	411,294					$	—					$	2,045,021
ALL allocated by:
Individually evaluated for impairment			$	—					$	—					$	—					$	—					$	—					$	31					$	—					$	31					$	—					$	31
Collectively evaluated for impairment			10,671						1,046						3,714						38						15,469						3,027						208						3,235						232						18,936
			$	10,671					$	1,046					$	3,714					$	38					$	15,469					$	3,058					$	208					$	3,266					$	232					$	18,967
December 31, 2020
Loans allocated by:
Individually evaluated for impairment			$	3,528					$	814					$	3,639					$	—					$	7,981					$	3,246					$	17					$	3,263					$	—					$	11,244
Collectively evaluated for impairment			809,087						60,498						643,729						20,523						1,533,837						408,265						26,344						434,609						—						1,968,446
			$	812,615					$	61,312					$	647,368					$	20,523					$	1,541,818					$	411,511					$	26,361					$	437,872					$	—					$	1,979,690
ALL allocated by:
Individually evaluated for impairment			$	—					$	—					$	1					$	—					$	1					$	33					$	—					$	33					$	—					$	34
Collectively evaluated for impairment			11,151						1,114						3,941						40						16,246						3,329						324						3,653						218						20,117
			$	11,151					$	1,114					$	3,942					$	40					$	16,247					$	3,362					$	324					$	3,686					$	218					$	20,151

Schedule of Activity for the Accretable Yield of Purchased Impaired Loans

The following table provides activity for the accretable yield of PCI loans for the three months ended March 31, 2021 and 2020:

									Three Months Ended
															March 31, 2021						March 31, 2020
Accretable yield, beginning of period															$	3,438					$	6,950
Additions (1)															—						570
Accretion of income															(466)						(598)
Reclassifications from nonaccretable difference due to improvement in expected cash flows															44						17
Other changes, net (2)															56						(2,525)
Accretable yield, end of period															$	3,072					$	4,414

(1) The amount for the three months ended March 31, 2020 reflects a measurement period adjustment for Hamilton loans that should have been in the PCI pool at the acquisition date.

(2) The amount for the three months ended March 31, 2020 represents the impact of purchased credit impaired loans sold during that period

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- Definition

Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration