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Loan Restructurings (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Amortized Cost Basis for Loans Restructured

Nine Months Ended September 30, 2024

 

Amortized Cost

 

 

 

 

(In Thousands of Dollars)

 

Payment
Deferral

 

 

Principal
Forgiveness

 

 

Interest Rate
Reduction

 

 

Combination
Term Extension
and Interest
Rate Reduction

 

 

Total

 

 

% of Total
Class of
Financing
Receivable

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity lines of credit

 

$

0

 

 

$

0

 

 

$

29

 

 

$

20

 

 

$

49

 

 

 

0.03

%

Total modifications to borrowers experiencing financial difficulty

 

$

0

 

 

$

0

 

 

$

29

 

 

$

20

 

 

$

49

 

 

 

0.00

%

 

Three Months Ended September 30, 2023

 

Amortized Cost

 

 

 

 

(In Thousands of Dollars)

 

Payment
Deferral

 

 

Principal
Forgiveness

 

 

Interest Rate
Reduction

 

 

Combination
Term Extension
and Interest
Rate Reduction

 

 

Total

 

 

% of Total
Class of
Financing
Receivable

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

$

0

 

 

$

0

 

 

$

31

 

 

$

133

 

 

$

164

 

 

 

0.02

%

Total modifications to borrowers experiencing financial difficulty

 

$

0

 

 

$

0

 

 

$

31

 

 

$

133

 

 

$

164

 

 

 

0.01

%

 

Nine Months Ended September 30, 2023

 

Amortized Cost

 

 

 

 

(In Thousands of Dollars)

 

Payment
Deferral

 

 

Principal
Forgiveness

 

 

Interest Rate
Reduction

 

 

Combination
Term Extension
and Interest
Rate Reduction

 

 

Total

 

 

% of Total
Class of
Financing
Receivable

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

50

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

50

 

 

 

0.01

%

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

0

 

 

 

0

 

 

 

31

 

 

 

133

 

 

 

164

 

 

 

0.02

%

Total modifications to borrowers experiencing financial difficulty

 

$

50

 

 

$

0

 

 

$

31

 

 

$

133

 

 

$

214

 

 

 

0.01

%

 

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and September 30, 2023:

 

For the three month period ended September 30, 2024, there were no loan modification for borrowers experiencing financial difficulty.

 

 

 

Payment Deferral

 

Term Extension

 

 

Interest Rate Reduction

 

 

 

Weighted-Average Years Added to the Life

 

Weighted-Average Years Added to the Life

 

 

Weighted-Average Contractual Interest Rate

 

Nine Months Ended September 30, 2024

 

 

 

 

 

 

From

 

 

To

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity lines of credit

 

 

 

 

 

 

 

 

10

 

 

 

10.45

%

 

 

5.91

%

 

 

 

Payment Deferral

 

 

Term Extension

 

 

Interest Rate Reduction

 

 

 

Weighted-Average Years Added to the Life

 

 

Reduction of Amortized Cost Basis of the Loans

 

 

Weighted-Average Contractual Interest Rate

 

Three Months Ended September 30, 2023

 

 

 

 

 

 

 

From

 

 

To

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

 

 

 

 

 

 

 

5

 

 

 

4.77

%

 

 

3.38

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payment Deferral

 

 

Term Extension

 

 

Interest Rate Reduction

 

 

 

Weighted-Average Years Added to the Life

 

 

Reduction of Amortized Cost Basis of the Loans

 

 

Weighted-Average Contractual Interest Rate

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

From

 

 

To

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

0.5

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

 

 

 

 

 

 

 

5

 

 

 

4.77

%

 

 

3.38

%

 

For the three and nine months ended
Schedule of Performance of Loans that Modified The following table presents the performance of such loans that have been modified in the three and nine months ended September 30, 2024 and September 30, 2023:

 

For the three month period ended September 30, 2024, there were no loan modification for borrowers experiencing financial difficulty.

 

Nine Months Ended September 30, 2024

 

Payment status (Amortized cost Basis)

 

(In Thousands of Dollars)

 

Current

 

 

30-89 Days past due

 

 

90+ Days past due

 

Accrual restructured loans

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

Home equity lines of credit

 

$

0

 

 

$

20

 

 

$

0

 

Total accruing restructured loans

 

$

0

 

 

$

20

 

 

$

0

 

 

 

 

 

 

 

 

 

 

Nonaccrual restructured loans

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

Home equity lines of credit

 

 

0

 

 

 

0

 

 

 

29

 

Total nonaccrual restructured loans

 

$

0

 

 

$

0

 

 

$

29

 

     Total restructured loans

 

$

0

 

 

$

20

 

 

$

29

 

 

Three Months Ended September 30, 2023

 

Payment status (Amortized cost Basis)

 

(In Thousands of Dollars)

 

Current

 

 

30-89 Days past due

 

 

90+ Days past due

 

Residential real estate

 

 

 

 

 

 

 

 

 

1-4 family residential

 

$

164

 

 

$

0

 

 

$

0

 

Total accruing restructured loans

 

$

164

 

 

$

0

 

 

$

0

 

 

 

 

 

 

 

 

 

 

     Total restructured loans

 

$

164

 

 

$

0

 

 

$

0

 

 

Nine Months Ended September 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

 

Residential real estate

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

164

 

 

 

0

 

 

 

0

 

Total accruing restructured loans

 

$

214

 

 

$

0

 

 

$

0

 

 

 

 

 

 

 

 

 

 

Nonaccrual restructured loans

 

 

 

 

 

 

 

 

 

Total nonaccrual restructured loans

 

$

0

 

 

$

0

 

 

$

0

 

     Total restructured loans

 

$

214

 

 

$

0

 

 

$

0