The Company adopted the accounting guidance in ASU No. 2022-02, effective as of January 1, 2023, which eliminates the recognition and measurement of troubled debt restructurings ("TDRs"). Due to the removal of the TDR designation, the Company evaluates all loan restructurings according to the accounting guidance for loan modifications to determine if the restructuring results in a new loan or a continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications. Therefore, the disclosures related to loan restructurings are only for modifications that directly affect cash flows.

Any restructuring of a loan in which the borrower has experienced financial difficulty and the terms of the loan are more favorable than would generally be considered for borrowers with the same credit characteristics would be individually evaluated. Otherwise, the restructured loan remains in the appropriate segment in the ACL model.

The following table shows the amortized cost basis for the loans restructured during the three and six months ended June 30, 2023 to borrowers experiencing financial difficulty, disaggregrated by class of financing receivables:


Three Months Ended June 30, 2023	Restructured Loans
(In Thousands of Dollars)	Number of Contracts		Amortized Cost Basis		% of Total class of Financing receivable
Total accruing restructured loans		0	$	0		0.00	%

Nonaccrual restructured loans
Total nonaccrual restructured loans		0	$	0		0.00	%
Total restructured loans		0	$	0		0.00	%


Six Months Ended June 30, 2023	Restructured Loans
(In Thousands of Dollars)	Number of Contracts		Amortized Cost Basis		% of Total class of Financing receivable
Commercial
Commercial and industrial		1	$	50		0.01	%
Total accruing restructured loans		1	$	50		0.01	%

Nonaccrual restructured loans
Total nonaccrual restructured loans		0	$	0		0.00	%
Total restructured loans		1	$	50		0.01	%

During the first quarter of 2023 the Company modified a commercial line of credit as a restructured loan. This nonperforming loan was extended with payments deferred until maturity to allow the borrower to complete the remediation process needed to obtain a "No Further Action" letter from the EPA that is needed to finalize the sale of the real estate securing the loan. This loan is included as an individually evaluated loan with no specific reserve due to the anticipated sale of the real estate which will sufficiently retire the debt.

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the three and six months ended June 30, 2023:


Three Months Ended June 30, 2023	Payment status (Amortized cost Basis)
(In Thousands of Dollars)	Current		30-89 Days past due		90+ Days past due
Total accruing restructured loans	$	0	$	0	$	0

Nonaccrual restructured loans
Total nonaccrual restructured loans	$	0	$	0	$	0
Total restructured loans	$	0	$	0	$	0


Six Months Ended June 30, 2023	Payment status (Amortized cost Basis)
(In Thousands of Dollars)	Current		30-89 Days past due		90+ Days past due
Commercial
Commercial and industrial	$	50	$	0	$	0
Total accruing restructured loans	$	50	$	0	$	0

Nonaccrual restructured loans
Total nonaccrual restructured loans	$	0	$	0	$	0
Total restructured loans	$	50	$	0	$	0

As of June 30, 2023, the Company had no commitments to lend any additional funds on restructured loans. As of June 30, 2023, the Company had no loans that defaulted during the period and had been modified preceding the payment default when the borrower was experiencing financially difficulty at the time of modification. For purposes of this disclosure a default occurs when, within 12 months of the original modification, a loan is 30 days contractually past due under the modified terms.