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BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2021

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of Condensed Balance Sheets

​

​	​	​	​	​	​	​	​	​	​
Consolidated Balance Sheets	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
December 31, 2020	​	As Reported		​	Adjustment		​	As Revised
Deferred tax assets, net	​	$	1,745	​	$	1,302	​	$	3,047
Other assets	​	​	73,662	​	​	(2,789)	​	​	70,873
Total assets	​	$	3,725,762	​	$	(1,487)	​	$	3,724,275
​	​	​	​	​	​	​	​	​	​
Other liabilities	​	$	72,183	​	$	2,789	​	$	74,972
Total liabilities	​	​	3,314,421	​	​	2,789	​	​	3,317,210
Total shareholders' equity	​	​	411,341	​	​	(4,276)	​	​	407,065
Total liabilities and shareholders' equity	​	$	3,725,762	​	$	(1,487)	​	$	3,724,275

Schedule of Consolidated Statements of Comprehensive Income

​

​	​	​	​	​	​	​	​	​	​
Consolidated Statements of Comprehensive Income (Unaudited)
​	​	​	​	​	​	​	​	​	​
Three months ended September 30, 2020	​	As Reported		​	Adjustment		​	As Revised
Other comprehensive income, before tax:	​	​	​	​	​	​	​	​	​
Changes in unrealized gain (loss) on hedging derivatives	​	$	805	​	$	497	​	$	1,302
​	​	​	​	​	​	​	​	​	​
Income taxes related to other comprehensive income:	​	​	​	​	​	​	​	​	​
Changes in unrealized (gain) loss on hedging derivatives	​	​	(190)	​	​	(118)	​	​	(308)
Total other comphrensive income	​	​	884	​	​	379	​	​	1,263
Total comphrensive income	​	$	9,286	​	$	379	​	$	9,665
​	​	​	​	​	​	​	​	​	​
Nine months ended September 30, 2020	​	As Reported		​	Adjustment		​	As Revised
Other comprehensive income, before tax:	​	​	​	​	​	​	​	​	​
Changes in unrealized gain (loss) on hedging derivatives	​	$	(833)	​	$	(6,735)	​	$	(7,568)
​	​	​	​	​	​	​	​	​	​
Income taxes related to other comprehensive income:	​	​	​	​	​	​	​	​	​
Changes in unrealized (gain) loss on hedging derivatives	​	​	195	​	​	1,580	​	​	1,776
Total other comphrensive income	​	​	5,494	​	​	(5,155)	​	​	339
Total comphrensive income	​	$	30,098	​	$	(5,155)	​	$	24,943

Schedule of Consolidated Statement of Changes in Stockholders Equity

​

​	​	​	​	​	​	​	​	​	​
Consolidated Statements of Changes in Shareholder's Equity (Unaudited)
​	​	​	​	​	​	​	​	​	​
​	​	As Reported		​	Adjustment		​	As Revised
Balance at December 31, 2019	​	$	396,407	​	$	(119)	​	$	396,288
Beginning accumulated other comprehensive income	​	​	3,911	​	​	(119)	​	​	3,792
Other comprehensive income	​	​	4,610	​	​	(5,534)	​	​	(924)
Ending accumulated other comprehensive income	​	​	8,521	​	​	(5,653)	​	​	2,868
​	​	​	​	​	​	​	​	​	​
Balance at June 30, 2020	​	$	404,174	​	$	(5,653)	​	$	398,521
Beginning accumulated other comprehensive income	​	​	8,521	​	​	(5,653)	​	​	2,868
Other comprehensive income	​	​	884	​	​	379	​	​	1,263
Ending accumulated other comprehensive income	​	​	9,405	​	​	(5,274)	​	​	4,131
​	​	​	​	​	​	​	​	​	​
Balance at September 30, 2020	​	$	404,445	​	$	(5,274)	​	$	399,171
​	​	​	​	​	​	​	​	​	​
Balance at December 31, 2020	​	$	411,341	​	$	(4,276)	​	$	407,065
Beginning accumulated other comprehensive income	​	​	11,016	​	​	(4,276)	​	​	6,740
Other comprehensive income	​	​	(3,322)	​	​	2,464	​	​	(858)
Ending accumulated other comprehensive income	​	​	7,694	​	​	(1,812)	​	​	5,882
​	​	​	​	​	​	​	​	​	​
Balance at June 30, 2021	​	$	415,572	​	$	(1,812)	​	$	413,760

Accounting Standards Update 2016-13

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of impact of CECL adoption

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​

​

​

​

​

​

​

​

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​

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​

​

​

​

Reclassification

​

Pre-CECL

​

Post-CECL

​

​

​

​

​

​

​

​

to CECL

​

Adoption

​

Adoption

​

Impact of

​

​

Pre-CECL

​

Portfolio

​

Portfolio

​

Portfolio

​

CECL

(in thousands)

Adoption

Segmentation

Segmentation

Segmentation

Adoption

Assets:

​

​

​

​

​

Loans:

​

​

​

​

​

Commercial construction

​

$

131,123

​

$

(13,241)

​

$

117,882

​

$

117,882

​

$

—

Commercial real estate

​

953,258

​

(953,258)

​

—

​

—

​

—

Commercial real estate owner occupied

​

—

​

219,217

​

219,217

​

219,217

​

—

Commercial real estate non-owner occupied

​

—

​

716,776

​

716,776

​

716,776

​

—

Tax exempt

​

63,431

​

(15,569)

​

47,862

​

47,862

​

—

Commercial and industrial

​

377,638

​

(21,954)

​

355,684

​

355,684

​

—

Residential real estate

​

923,891

​

71,325

​

995,216

​

995,216

​

—

Home equity

​

102,464

​

(2,368)

​

100,096

​

100,096

​

—

Consumer other

​

11,080

​

(928)

​

10,152

​

10,152

​

—

Total loans

​

$

2,562,885

​

$

—

​

$

2,562,885

​

$

2,562,885

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for credit losses on loans

​

​

​

​

​

Commercial construction

​

$

1,044

​

$

(220)

​

$

824

​

$

2,020

​

$

1,196

Commercial real estate

​

10,199

​

(10,199)

​

—

​

—

​

—

Commercial real estate owner occupied

​

—

​

1,783

​

1,783

​

2,491

​

708

Commercial real estate non-owner occupied

​

—

​

7,864

​

7,864

​

5,856

​

(2,008)

Tax exempt

​

80

​

(22)

​

58

​

98

​

40

Commercial and industrial

​

3,302

​

(165)

​

3,137

​

6,133

​

2,996

Residential real estate

​

4,078

​

932

​

5,010

​

6,742

​

1,732

Home equity

​

258

​

27

​

285

​

888

​

603

Consumer other

​

121

​

—

​

121

​

82

​

(39)

Total allowance for credit losses on loans

​

$

19,082

​

$

—

​

$

19,082

​

$

24,310

​

$

5,228

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

​

​

​

​

Allowance for credit losses on unfunded commitments

​

$

359

​

$

—

​

$

359

​

$

1,975

​

$

1,616

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total allowance for credit losses

​

$

19,441

​

$

—

​

$

19,441

​

$

26,285

​

$

6,844

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Retained earnings:

​

​

​

​

​

Total increase in Allowance for credit losses

​

​

​

​

​

$

6,844

Tax effect

​

​

​

​

​

(1,602)

Decrease to retained earnings

​

​

​

​

​

$

5,242

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