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Loans and Allowance for Loan Losses | 9 Months Ended
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Sep. 30, 2021
Loans and Allowance for Loan Losses |
Loans and Allowance for Loan Losses | NOTE 4 Loans and Allowance for Loan Losses The following table presents total loans outstanding, by portfolio segment, as of September 30, 2021 and December 31, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | December 31,
(dollars in thousands) |  | 2021 |  | 2020
Commercial | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial (1) | ​ | $ | 506,599 | ​ | $ | 691,858
Real estate construction | ​ |  | 37,751 | ​ |  | 44,451
Commercial real estate | ​ |  | 573,518 | ​ |  | 563,007
Total commercial | ​ |  | 1,117,868 | ​ |  | 1,299,316
Consumer | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 501,339 | ​ |  | 463,370
Residential real estate junior lien | ​ |  | 130,243 | ​ |  | 143,416
Other revolving and installment | ​ |  | 50,936 | ​ |  | 73,273
Total consumer | ​ |  | 682,518 | ​ |  | 680,059
Total loans | ​ | $ | 1,800,386 | ​ | $ | 1,979,375
(1) | Included Paycheck Protection Program, or PPP, loans of $103.5 million at September 30, 2021 and $268.4 million at December 31, 2020.
​ Total loans included net deferred loan fees and costs of $2.4 million and $4.7 million at September 30, 2021 and December 31, 2020, respectively. Deferred loan fees on PPP loans were $2.9 million at September 30, 2021 and $4.3 million at December 31, 2020. Management monitors the credit quality of its loan portfolio on an ongoing basis. Measurements of delinquency and past due status are based on the contractual terms of each loan. Past due loans are reviewed regularly to identify loans for nonaccrual status. Loan modifications made in accordance with the Interagency Statement on Loan Modifications and Reporting for Financial Institutions as issued on April 7, 2020, are included as accruing current. The following tables present a past due aging analysis of total loans outstanding, by portfolio segment, as of September 30, 2021 and December 31, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90 Days | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Accruing | ​ | 30 - 89 Days | ​ | or More | ​ | ​ | ​ | ​ | Total
(dollars in thousands) |  | Current |  | Past Due |  | Past Due |  | Nonaccrual |  | Loans
Commercial |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial | ​ | $ | 504,309 | ​ | $ | 657 | ​ | $ | — | ​ | $ | 1,633 | ​ | $ | 506,599
Real estate construction | ​ |  | 37,751 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 37,751
Commercial real estate | ​ |  | 569,209 | ​ |  | — | ​ |  | — | ​ |  | 4,309 | ​ |  | 573,518
Total commercial | ​ |  | 1,111,269 | ​ |  | 657 | ​ |  | — | ​ |  | 5,942 | ​ |  | 1,117,868
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 500,350 | ​ |  | 876 | ​ |  | — | ​ |  | 113 | ​ |  | 501,339
Residential real estate junior lien | ​ |  | 129,521 | ​ |  | 552 | ​ |  | — | ​ |  | 170 | ​ |  | 130,243
Other revolving and installment | ​ |  | 50,735 | ​ |  | 197 | ​ |  | — | ​ |  | 4 | ​ |  | 50,936
Total consumer | ​ |  | 680,606 | ​ |  | 1,625 | ​ |  | — | ​ |  | 287 | ​ |  | 682,518
Total loans | ​ | $ | 1,791,875 | ​ | $ | 2,282 | ​ | $ | — | ​ | $ | 6,229 | ​ | $ | 1,800,386
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90 Days | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Accruing | ​ | 30 - 89 Days | ​ | or More | ​ | ​ | ​ | ​ | Total
(dollars in thousands) |  | Current |  | Past Due |  | Past Due |  | Nonaccrual |  | Loans
Commercial | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial and industrial | ​ | $ | 689,340 | ​ | $ | 500 | ​ | $ | 30 | ​ | $ | 1,988 | ​ | $ | 691,858
Real estate construction | ​ |  | 44,451 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 44,451
Commercial real estate | ​ |  | 558,127 | ​ |  | 2,449 | ​ |  | — | ​ |  | 2,431 | ​ |  | 563,007
Total commercial | ​ |  | 1,291,918 | ​ |  | 2,949 | ​ |  | 30 | ​ |  | 4,419 | ​ |  | 1,299,316
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 461,179 | ​ |  | 1,752 | ​ |  | — | ​ |  | 439 | ​ |  | 463,370
Residential real estate junior lien | ​ |  | 143,060 | ​ |  | 191 | ​ |  | — | ​ |  | 165 | ​ |  | 143,416
Other revolving and installment | ​ |  | 73,128 | ​ |  | 118 | ​ |  | — | ​ |  | 27 | ​ |  | 73,273
Total consumer | ​ |  | 677,367 | ​ |  | 2,061 | ​ |  | — | ​ |  | 631 | ​ |  | 680,059
Total loans | ​ | $ | 1,969,285 | ​ | $ | 5,010 | ​ | $ | 30 | ​ | $ | 5,050 | ​ | $ | 1,979,375
​ The Company’s consumer loan portfolio is primarily comprised of secured loans that are evaluated at origination on a centralized basis against standardized underwriting criteria. The Company generally does not risk rate consumer loans unless a default event such as bankruptcy or extended nonperformance takes place. Credit quality for the consumer loan portfolio is measured by delinquency rates, nonaccrual amounts and actual losses incurred. The Company assigns a risk rating to all commercial loans, except pools of homogeneous loans, and periodically performs detailed internal and external reviews of risk rated loans over a certain threshold to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to examination by the Company’s regulators. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate and the estimated fair values of collateral securing the loans. These credit quality indicators are used to assign a risk rating to each individual loan. The Company’s ratings are aligned to pass and criticized categories. The criticized category includes special mention, substandard, and doubtful risk ratings. The risk ratings are defined as follows: Pass: A pass loan is a credit with no existing or known potential weaknesses deserving of management’s close attention. Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, this potential weakness may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. Substandard: Loans classified as substandard are not adequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. Well-defined weaknesses include a borrower’s lack of marketability, inadequate cash flow or collateral support, failure to complete construction on time, or the failure to fulfill economic expectations. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss: Loans classified as loss are considered uncollectible and charged off immediately. The tables below present total loans outstanding, by loan portfolio segment, and risk category as of September 30, 2021 and December 31, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | Criticized | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Total
Commercial |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial | ​ | $ | 498,201 | ​ | $ | 1,777 | ​ | $ | 6,374 | ​ | $ | 247 | ​ | $ | 506,599
Real estate construction | ​ |  | 37,751 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 37,751
Commercial real estate | ​ |  | 553,492 | ​ |  | 2,316 | ​ |  | 17,710 | ​ |  | — | ​ |  | 573,518
Total commercial | ​ | ​ | 1,089,444 | ​ | ​ | 4,093 | ​ | ​ | 24,084 | ​ | ​ | 247 | ​ | ​ | 1,117,868
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 499,497 | ​ |  | — | ​ |  | 1,842 | ​ |  | — | ​ |  | 501,339
Residential real estate junior lien | ​ |  | 129,303 | ​ |  | — | ​ |  | 940 | ​ |  | — | ​ |  | 130,243
Other revolving and installment | ​ |  | 50,932 | ​ |  | — | ​ |  | 4 | ​ |  | — | ​ |  | 50,936
Total consumer | ​ |  | 679,732 | ​ |  | — | ​ |  | 2,786 | ​ |  | — | ​ |  | 682,518
Total loans | ​ | $ | 1,769,176 | ​ | $ | 4,093 | ​ | $ | 26,870 | ​ | $ | 247 | ​ | $ | 1,800,386
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | Criticized | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Total
Commercial |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial | ​ | $ | 669,602 | ​ | $ | 5,415 | ​ | $ | 16,841 | ​ | $ | — | ​ | $ | 691,858
Real estate construction | ​ |  | 44,451 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 44,451
Commercial real estate | ​ |  | 533,733 | ​ |  | 6,686 | ​ |  | 22,588 | ​ |  | — | ​ |  | 563,007
Total commercial | ​ | ​ | 1,247,786 | ​ | ​ | 12,101 | ​ | ​ | 39,429 | ​ | ​ | — | ​ | ​ | 1,299,316
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 461,221 | ​ |  | 1,406 | ​ |  | 743 | ​ |  | — | ​ |  | 463,370
Residential real estate junior lien | ​ |  | 140,461 | ​ |  | 1,819 | ​ |  | 1,136 | ​ |  | — | ​ |  | 143,416
Other revolving and installment | ​ |  | 73,236 | ​ |  | — | ​ |  | 37 | ​ |  | — | ​ |  | 73,273
Total consumer | ​ |  | 674,918 | ​ |  | 3,225 | ​ |  | 1,916 | ​ |  | — | ​ |  | 680,059
Total loans | ​ | $ | 1,922,704 | ​ | $ | 15,326 | ​ | $ | 41,345 | ​ | $ | — | ​ | $ | 1,979,375
​ The adequacy of the allowance for loan losses is assessed at the end of each quarter. The allowance for loan losses includes a specific component related to loans that are individually evaluated for impairment and a general component related to loans that are segregated into homogeneous pools and collectively evaluated for impairment. The factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics, which are adjusted by management to reflect current events, trends, and conditions. The adjustments include consideration of the following: changes in lending policies and procedures, economic conditions, nature and volume of the portfolio, experience of lending management, volume and severity of past due loans, quality of the loan review system, value of underlying collateral for collateral dependent loans, concentrations, and other external factors. The following tables present, by loan portfolio segment, a summary of the changes in the allowance for loan losses for the three and nine months ended September 30, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2021
​ | ​ | Beginning | ​ | Provision for | ​ | Loan | ​ | Loan | ​ | Ending
(dollars in thousands) |  | Balance |  | Loan Losses |  | Charge-offs |  | Recoveries |  | Balance
Commercial |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial | ​ | $ | 9,620 | ​ | $ | (825) | ​ | $ | (747) | ​ | $ | 1,052 | ​ | $ | 9,100
Real estate construction | ​ |  | 587 | ​ |  | 92 | ​ |  | — | ​ |  | — | ​ |  | 679
Commercial real estate | ​ |  | 12,937 | ​ |  | (413) | ​ |  | — | ​ |  | — | ​ |  | 12,524
Total commercial | ​ |  | 23,144 | ​ |  | (1,146) | ​ |  | (747) | ​ |  | 1,052 | ​ |  | 22,303
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 6,176 | ​ |  | 625 | ​ |  | — | ​ |  | — | ​ |  | 6,801
Residential real estate junior lien | ​ |  | 1,401 | ​ |  | 6 | ​ |  | — | ​ |  | 16 | ​ |  | 1,423
Other revolving and installment | ​ |  | 574 | ​ |  | (32) | ​ |  | (46) | ​ |  | 27 | ​ |  | 523
Total consumer | ​ |  | 8,151 | ​ |  | 599 | ​ |  | (46) | ​ |  | 43 | ​ |  | 8,747
Unallocated | ​ |  | 2,469 | ​ |  | (1,453) | ​ |  | — | ​ |  | — | ​ |  | 1,016
Total | ​ | $ | 33,764 | ​ | $ | (2,000) | ​ | $ | (793) | ​ | $ | 1,095 | ​ | $ | 32,066
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30, 2021
​ | ​ | Beginning | ​ | Provision for | ​ | Loan | ​ | Loan | ​ | Ending
(dollars in thousands) |  | Balance |  | Loan Losses |  | Charge-offs |  | Recoveries |  | Balance
Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | 10,205 | ​ | $ | (1,378) | ​ | $ | (1,224) | ​ | $ | 1,497 | ​ | $ | 9,100
Real estate construction | ​ | ​ | 658 | ​ | ​ | 21 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 679
Commercial real estate | ​ | ​ | 14,105 | ​ | ​ | (1,049) | ​ | ​ | (536) | ​ | ​ | 4 | ​ | ​ | 12,524
Total commercial | ​ | ​ | 24,968 | ​ | ​ | (2,406) | ​ | ​ | (1,760) | ​ | ​ | 1,501 | ​ | ​ | 22,303
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate first mortgage | ​ | ​ | 5,774 | ​ | ​ | 1,027 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,801
Residential real estate junior lien | ​ | ​ | 1,373 | ​ | ​ | (63) | ​ | ​ | — | ​ | ​ | 113 | ​ | ​ | 1,423
Other revolving and installment | ​ | ​ | 753 | ​ | ​ | (196) | ​ | ​ | (139) | ​ | ​ | 105 | ​ | ​ | 523
Total consumer | ​ | ​ | 7,900 | ​ | ​ | 768 | ​ | ​ | (139) | ​ | ​ | 218 | ​ | ​ | 8,747
Unallocated | ​ | ​ | 1,378 | ​ | ​ | (362) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,016
Total | ​ | $ | 34,246 | ​ | $ | (2,000) | ​ | $ | (1,899) | ​ | $ | 1,719 | ​ | $ | 32,066
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2020
​ | ​ | Beginning | ​ | Provision for | ​ | Loan | ​ | Loan | ​ | Ending
(dollars in thousands) |  | Balance |  | Loan Losses |  | Charge-offs |  | Recoveries |  | Balance
Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | 10,797 | ​ | $ | (846) | ​ | $ | (10) | ​ | $ | 432 | ​ | $ | 10,373
Real estate construction | ​ | ​ | 443 | ​ |  | 40 | ​ |  | — | ​ |  | — | ​ | ​ | 483
Commercial real estate | ​ | ​ | 9,948 | ​ |  | 1,828 | ​ |  | — | ​ |  | 95 | ​ | ​ | 11,871
Total commercial | ​ | ​ | 21,188 | ​ |  | 1,022 | ​ |  | (10) | ​ |  | 527 | ​ | ​ | 22,727
Consumer | ​ | ​ | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ | ​
Residential real estate first mortgage | ​ | ​ | 2,673 | ​ |  | 1,694 | ​ |  | — | ​ |  | — | ​ | ​ | 4,367
Residential real estate junior lien | ​ | ​ | 1,102 | ​ |  | 28 | ​ |  | — | ​ |  | 81 | ​ | ​ | 1,211
Other revolving and installment | ​ | ​ | 546 | ​ |  | 108 | ​ |  | (41) | ​ |  | 24 | ​ | ​ | 637
Total consumer | ​ | ​ | 4,321 | ​ | ​ | 1,830 | ​ | ​ | (41) | ​ | ​ | 105 | ​ | ​ | 6,215
Unallocated | ​ | ​ | 1,747 | ​ |  | 648 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,395
Total | ​ | $ | 27,256 | ​ | $ | 3,500 | ​ | $ | (51) | ​ | $ | 632 | ​ | $ | 31,337
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30, 2020
​ | ​ | Beginning | ​ | Provision for | ​ | Loan | ​ | Loan | ​ | Ending
(dollars in thousands) |  | Balance |  | Loan Losses |  | Charge-offs |  | Recoveries |  | Balance
Commercial | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial and industrial | ​ | $ | 12,270 | ​ | $ | (498) | ​ | $ | (2,745) | ​ | $ | 1,346 | ​ | $ | 10,373
Real estate construction | ​ |  | 303 | ​ |  | 180 | ​ |  | — | ​ |  | — | ​ |  | 483
Commercial real estate | ​ |  | 6,688 | ​ |  | 5,953 | ​ |  | (865) | ​ |  | 95 | ​ |  | 11,871
Total commercial | ​ |  | 19,261 | ​ |  | 5,635 | ​ |  | (3,610) | ​ |  | 1,441 | ​ |  | 22,727
Consumer | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential real estate first mortgage | ​ |  | 1,448 | ​ |  | 2,914 | ​ |  | — | ​ |  | 5 | ​ |  | 4,367
Residential real estate junior lien | ​ |  | 671 | ​ |  | 377 | ​ |  | (12) | ​ |  | 175 | ​ |  | 1,211
Other revolving and installment | ​ |  | 352 | ​ |  | 371 | ​ |  | (194) | ​ |  | 108 | ​ |  | 637
Total consumer | ​ |  | 2,471 | ​ |  | 3,662 | ​ |  | (206) | ​ |  | 288 | ​ |  | 6,215
Unallocated | ​ |  | 2,192 | ​ |  | 203 | ​ |  | — | ​ |  | — | ​ |  | 2,395
Total | ​ | $ | 23,924 | ​ | $ | 9,500 | ​ | $ | (3,816) | ​ | $ | 1,729 | ​ | $ | 31,337
​ The following tables present the recorded investment in loans and related allowance for loan losses, by loan portfolio segment, disaggregated on the basis of the Company’s impairment methodology, as of September 30, 2021 and December 31, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | Recorded Investment | ​ | Allowance for Loan Losses
​ | ​ | Individually | ​ | Collectively | ​ | ​ | ​ | ​ | Individually | ​ | Collectively | ​ | ​ | ​
(dollars in thousands) |  | Evaluated |  | Evaluated |  | Total |  | Evaluated |  | Evaluated |  | Total
Commercial | ​ | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | 2,161 | ​ | $ | 504,438 | ​ | $ | 506,599 | ​ | $ | 536 | ​ | $ | 8,564 | ​ | $ | 9,100
Real estate construction | ​ |  | — | ​ |  | 37,751 | ​ |  | 37,751 | ​ | ​ | — | ​ | ​ | 679 | ​ | ​ | 679
Commercial real estate | ​ |  | 4,493 | ​ |  | 569,025 | ​ |  | 573,518 | ​ | ​ | 11 | ​ | ​ | 12,513 | ​ | ​ | 12,524
Total commercial | ​ |  | 6,654 | ​ |  | 1,111,214 | ​ |  | 1,117,868 | ​ | ​ | 547 | ​ | ​ | 21,756 | ​ | ​ | 22,303
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate first mortgage | ​ |  | 121 | ​ |  | 501,218 | ​ |  | 501,339 | ​ | ​ | — | ​ | ​ | 6,801 | ​ | ​ | 6,801
Residential real estate junior lien | ​ |  | 172 | ​ |  | 130,071 | ​ |  | 130,243 | ​ | ​ | 8 | ​ | ​ | 1,415 | ​ | ​ | 1,423
Other revolving and installment | ​ |  | 4 | ​ |  | 50,932 | ​ |  | 50,936 | ​ | ​ | 4 | ​ | ​ | 519 | ​ | ​ | 523
Total consumer | ​ |  | 297 | ​ |  | 682,221 | ​ |  | 682,518 | ​ | ​ | 12 | ​ | ​ | 8,735 | ​ | ​ | 8,747
Unallocated | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,016
Total loans | ​ | $ | 6,951 | ​ | $ | 1,793,435 | ​ | $ | 1,800,386 | ​ | $ | 559 | ​ | $ | 30,491 | ​ | $ | 32,066
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | Recorded Investment | ​ | Allowance for Loan Losses
​ | ​ | Individually | ​ | Collectively | ​ | ​ | ​ | ​ | Individually | ​ | Collectively | ​ | ​ | ​
(dollars in thousands) |  | Evaluated |  | Evaluated |  | Total |  | Evaluated |  | Evaluated |  | Total
Commercial | ​ | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | 2,616 | ​ | $ | 689,242 | ​ | $ | 691,858 | ​ | $ | 336 | ​ | $ | 9,869 | ​ | $ | 10,205
Real estate construction | ​ |  | — | ​ |  | 44,451 | ​ |  | 44,451 | ​ | ​ | — | ​ | ​ | 658 | ​ | ​ | 658
Commercial real estate | ​ |  | 5,224 | ​ |  | 557,783 | ​ |  | 563,007 | ​ | ​ | 837 | ​ | ​ | 13,268 | ​ | ​ | 14,105
Total commercial | ​ |  | 7,840 | ​ |  | 1,291,476 | ​ |  | 1,299,316 | ​ | ​ | 1,173 | ​ | ​ | 23,795 | ​ | ​ | 24,968
Consumer | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate first mortgage | ​ |  | 439 | ​ |  | 462,931 | ​ |  | 463,370 | ​ | ​ | — | ​ | ​ | 5,774 | ​ | ​ | 5,774
Residential real estate junior lien | ​ |  | 224 | ​ | ​ | 143,192 | ​ |  | 143,416 | ​ | ​ | 19 | ​ | ​ | 1,354 | ​ | ​ | 1,373
Other revolving and installment | ​ |  | 27 | ​ |  | 73,246 | ​ |  | 73,273 | ​ | ​ | 13 | ​ | ​ | 740 | ​ | ​ | 753
Total consumer | ​ |  | 690 | ​ |  | 679,369 | ​ |  | 680,059 | ​ | ​ | 32 | ​ | ​ | 7,868 | ​ | ​ | 7,900
Unallocated | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,378
Total loans | ​ | $ | 8,530 | ​ | $ | 1,970,845 | ​ | $ | 1,979,375 | ​ | $ | 1,205 | ​ | $ | 31,663 | ​ | $ | 34,246
​ The tables below summarize key information on impaired loans. These impaired loans may have estimated losses which are included in the allowance for loan losses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 |  | December 31, 2020
​ | ​ | Recorded | ​ | Unpaid | ​ | Related |  | Recorded | ​ | Unpaid | ​ | Related
(dollars in thousands) |  | Investment |  | Principal |  | Allowance |  | Investment |  | Principal |  | Allowance
Impaired loans with a valuation allowance | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | 710 | ​ | $ | 725 | ​ | $ | 536 | ​ | $ | 723 | ​ | $ | 725 | ​ | $ | 336
Commercial real estate | ​ |  | 777 | ​ |  | 920 | ​ |  | 11 | ​ |  | 3,948 | ​ |  | 3,974 | ​ |  | 837
Residential real estate junior lien | ​ |  | 8 | ​ |  | 8 | ​ | ​ | 8 | ​ | ​ | 19 | ​ |  | 20 | ​ | ​ | 19
Other revolving and installment | ​ |  | 4 | ​ |  | 4 | ​ |  | 4 | ​ | ​ | 27 | ​ |  | 27 | ​ |  | 13
Total impaired loans with a valuation allowance | ​ | ​ | 1,499 | ​ | ​ | 1,657 | ​ | ​ | 559 | ​ | ​ | 4,717 | ​ | ​ | 4,746 | ​ | ​ | 1,205
Impaired loans without a valuation allowance |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial | ​ | ​ | 1,451 | ​ | ​ | 1,603 | ​ | ​ | — | ​ | ​ | 1,893 | ​ | ​ | 2,173 | ​ | ​ | —
Commercial real estate | ​ |  | 3,716 | ​ | ​ | 3,872 | ​ |  | — | ​ | ​ | 1,276 | ​ |  | 1,415 | ​ |  | —
Residential real estate first mortgage | ​ |  | 121 | ​ |  | 123 | ​ |  | — | ​ | ​ | 439 | ​ |  | 464 | ​ |  | —
Residential real estate junior lien | ​ |  | 164 | ​ |  | 194 | ​ |  | — | ​ | ​ | 205 | ​ |  | 306 | ​ |  | —
Other revolving and installment | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ |  | —
Total impaired loans without a valuation allowance | ​ | ​ | 5,452 | ​ | ​ | 5,792 | ​ | ​ | — | ​ | ​ | 3,813 | ​ | ​ | 4,358 | ​ | ​ | —
Total impaired loans | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ |  |
Commercial and industrial | ​ | ​ | 2,161 | ​ | ​ | 2,328 | ​ | ​ | 536 | ​ | ​ | 2,616 | ​ | ​ | 2,898 | ​ | ​ | 336
Commercial real estate | ​ |  | 4,493 | ​ |  | 4,792 | ​ |  | 11 | ​ |  | 5,224 | ​ |  | 5,389 | ​ |  | 837
Residential real estate first mortgage | ​ | ​ | 121 | ​ | ​ | 123 | ​ | ​ | — | ​ | ​ | 439 | ​ | ​ | 464 | ​ | ​ | —
Residential real estate junior lien | ​ |  | 172 | ​ |  | 202 | ​ |  | 8 | ​ |  | 224 | ​ |  | 326 | ​ |  | 19
Other revolving and installment | ​ |  | 4 | ​ |  | 4 | ​ |  | 4 | ​ |  | 27 | ​ |  | 27 | ​ |  | 13
Total impaired loans | ​ | $ | 6,951 | ​ | $ | 7,449 | ​ | $ | 559 | ​ | $ | 8,530 | ​ | $ | 9,104 | ​ | $ | 1,205
​ The table below presents the average recorded investment in impaired loans and interest income for the three and nine months ended September 30, 2021 and 2020:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30,
​ | ​ | 2021 | ​ | 2020
​ | ​ | Average | ​ | ​ | ​ | ​ | Average | ​ | ​ | ​
​ | ​ | Recorded | ​ | Interest | ​ | Recorded | ​ | Interest
(dollars in thousands) |  | Investment |  | Income |  | Investment |  | Income
Impaired loans with a valuation allowance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | 719 | ​ | $ | 3 | ​ | $ | 2,541 | ​ | $ | 14
Commercial real estate | ​ | ​ | 779 | ​ | ​ | 2 | ​ | ​ | 197 | ​ | ​ | 8
Residential real estate first mortgage | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Residential real estate junior lien | ​ | ​ | 8 | ​ | ​ | — | ​ | ​ | 19 | ​ | ​ | —
Other revolving and installment | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total impaired loans with a valuation allowance | ​ | ​ | 1,510 | ​ | ​ | 5 | ​ | ​ | 2,757 | ​ | ​ | 22
Impaired loans without a valuation allowance |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | 2,016 | ​ | ​ | 5 | ​ | ​ | 1,013 | ​ | ​ | 24
Commercial real estate | ​ | ​ | 3,793 | ​ | ​ | — | ​ | ​ | 1,330 | ​ | ​ | —
Residential real estate first mortgage | ​ | ​ | 121 | ​ | ​ | — | ​ | ​ | 459 | ​ | ​ | —
Residential real estate junior lien | ​ | ​ | 166 | ​ | ​ | — | ​ | ​ | 211 | ​ | ​ | 3
Other revolving and installment | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total impaired loans without a valuation allowance | ​ | ​ | 6,096 | ​ | ​ | 5 | ​ | ​ | 3,013 | ​ | ​ | 27
Total impaired loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | 2,735 | ​ | ​ | 8 | ​ | ​ | 3,554 | ​ | ​ | 38
Commercial real estate | ​ | ​ | 4,572 | ​ | ​ | 2 | ​ | ​ | 1,527 | ​ | ​ | 8
Residential real estate first mortgage | ​ | ​ | 121 | ​ | ​ | — | ​ | ​ | 459 | ​ | ​ | —
Residential real estate junior lien | ​ | ​ | 174 | ​ | ​ | — | ​ | ​ | 230 | ​ | ​ | 3
Other revolving and installment | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total impaired loans | ​ | $ | 7,606 | ​ | $ | 10 | ​ | $ | 5,770 | ​ | $ | 49
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30,
​ | ​ | 2021 | ​ | 2020
​ | ​ | Average | ​ | ​ | ​ | ​ | Average | ​ | ​ | ​
​ | ​ | Recorded | ​ | Interest | ​ | Recorded | ​ | Interest
(dollars in thousands) |  | Investment |  | Income |  | Investment |  | Income
Impaired loans with a valuation allowance | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial and industrial | ​ | $ | 818 | ​ | $ | 10 | ​ | $ | 3,815 | ​ | $ | 14
Commercial real estate | ​ |  | 782 | ​ |  | 6 | ​ |  | 200 | ​ |  | 8
Residential real estate junior lien | ​ |  | 11 | ​ |  | — | ​ |  | 20 | ​ |  | —
Other revolving and installment | ​ |  | 3 | ​ |  | — | ​ |  | — | ​ |  | —
Total impaired loans with a valuation allowance | ​ | ​ | 1,614 | ​ | ​ | 16 | ​ | ​ | 4,035 | ​ | ​ | 22
Impaired loans without a valuation allowance | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial | ​ | ​ | 2,061 | ​ | ​ | 15 | ​ | ​ | 1,154 | ​ | ​ | 26
Commercial real estate | ​ |  | 3,980 | ​ |  | — | ​ |  | 1,699 | ​ |  | —
Residential real estate first mortgage | ​ |  | 114 | ​ |  | — | ​ |  | 467 | ​ |  | —
Residential real estate junior lien | ​ |  | 190 | ​ |  | — | ​ |  | 217 | ​ | ​ | 3
Other revolving and installment | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total impaired loans without a valuation allowance | ​ | ​ | 6,345 | ​ | ​ | 15 | ​ | ​ | 3,537 | ​ | ​ | 29
Total impaired loans | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial and industrial | ​ | ​ | 2,879 | ​ | ​ | 25 | ​ | ​ | 4,969 | ​ | ​ | 40
Commercial real estate | ​ |  | 4,762 | ​ |  | 6 | ​ |  | 1,899 | ​ |  | 8
Residential real estate first mortgage | ​ |  | 114 | ​ |  | — | ​ |  | 467 | ​ |  | —
Residential real estate junior lien | ​ |  | 201 | ​ |  | — | ​ |  | 237 | ​ |  | 3
Other revolving and installment | ​ |  | 3 | ​ |  | — | ​ |  | — | ​ |  | —
Total impaired loans | ​ | $ | 7,959 | ​ | $ | 31 | ​ | $ | 7,572 | ​ | $ | 51
​ Loans with a carrying value of $1.2 billion as of September 30, 2021 and December 31, 2020, respectively, were pledged to secure public deposits, and for other purposes required or permitted by law. Under certain circumstances, the Company will provide borrowers relief through loan restructurings. A restructuring of debt constitutes a TDR if the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. TDR concessions can include a reduction of interest rates, an extension of maturity dates, forgiveness of principal or interest due, or acceptance of other assets in full or partial satisfaction of the debt. During the third quarter of 2021, there were no loans modified as a TDR as a result of changing the terms allowing for interest rate reductions and an extension of the maturity dates. During the third quarter of 2020, there were no loans modified as a TDR. The Company does not have material commitments to lend additional funds to borrowers with loans whose terms have been modified in TDRs or whose loans are on nonaccrual. Beginning in 2020, in accordance with the Interagency Statement on Loan Modifications and Reporting for Financial Institutions as issued on April 7, 2020, through September 30, 2021, the Company had entered into modifications on 587 loans representing $154.5 million in principal balances, since the beginning of the COVID-19 pandemic. Of those loans, 8 loans with a total outstanding principal balance of $3.4 million, have been granted additional deferrals, 2 loans with a total outstanding principal balance of $69 thousand remain on the first deferral and the remaining loans have been returned to a normal payment status. These deferrals were generally no more than 90 days in duration and were not considered TDRs.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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