XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
Schedule of consolidated 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
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Twelve months ended December 31, 2019 | ​ | As Reported | ​ | Adjustment | ​ | As Revised
Other comprehensive income, before tax: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in unrealized gain (loss) on hedging derivatives | ​ | $ | 2,216 | ​ | $ | (156) | ​ | $ | 2,060
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income taxes related to other comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in unrealized (gain) loss on hedging derivatives | ​ | ​ | (448) | ​ | ​ | 37 | ​ | ​ | (411)
Total other comprehensive income | ​ | ​ | 15,713 | ​ | ​ | (119) | ​ | ​ | 15,594
Total comprehensive income | ​ | $ | 38,333 | ​ | $ | (119) | ​ | $ | 38,214
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Twelve months ended December 31, 2020 | ​ | As Reported | ​ | Adjustment | ​ | As Revised
Other comprehensive income, before tax: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in unrealized gain (loss) on hedging derivatives | ​ | $ | 3,772 | ​ | $ | (5,423) | ​ | $ | (1,651)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income taxes related to other comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in unrealized (gain) loss on hedging derivatives | ​ | ​ | (880) | ​ | ​ | 1,266 | ​ | ​ | 386
Total other comprehensive income | ​ | ​ | 7,105 | ​ | ​ | (4,157) | ​ | ​ | 2,948
Total comprehensive income | ​ | $ | 40,349 | ​ | $ | (4,157) | ​ | $ | 36,192
Schedule of Consolidated Statement of Changes in Stockholders Equity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated Statements of Changes in Shareholder's Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​ | ​ | 7,105 | ​ | ​ | (4,157) | ​ | ​ | 2,948
Ending accumulated other comprehensive income | ​ | ​ | 11,016 | ​ | ​ | (4,276) | ​ | ​ | 6,740
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2020 | ​ | $ | 411,341 | ​ | $ | (4,276) | ​ | $ | 407,065
Accounting Standards Update 2016-13 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
Schedule of impact of CECL adoption | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |