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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2022

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Loans


		March 31,			December 31,
(in thousands)		2022			2021
Commercial construction		$	80,264		$	56,263
Commercial real estate owner occupied			249,460			257,122
Commercial real estate non-owner occupied			966,739			887,092
Tax exempt			38,634			41,280
Commercial and industrial			293,816			307,112
Residential real estate			933,559			888,263
Home equity			84,217			86,657
Consumer other			7,873			8,121
Total loans			2,654,562			2,531,910
Allowance for credit losses			23,190			22,718
Net loans		$	2,631,372		$	2,509,192

Summary of Unamortized Net Costs and Premiums


		March 31,			December 31,
(in thousands)		2022			2021
Net unamortized loan origination costs		$	4,384		$	3,014
Net unamortized fair value discount on acquired loans			(4,507)			(4,758)
Total		$	(123)		$	(1,744)

Schedule of Activity in the Allowance for Credit Losses


		Three Months Ended March 31, 2022
		Balance at
		Beginning of												Balance at
(in thousands)		Period			Charge Offs			Recoveries			Provision			End of Period
Commercial construction		$	2,111		$	—		$	—		$	(1,110)		$	1,001
Commercial real estate owner occupied			2,751			—			54			(132)			2,673
Commercial real estate non-owner occupied			5,650			—			—			1,357			7,007
Tax exempt			86			—			—			(86)			—
Commercial and industrial			5,369			—			25			(655)			4,739
Residential real estate			5,862			(15)			91			940			6,878
Home equity			814			(2)			5			10			827
Consumer other			75			(66)			3			53			65
Total		$	22,718		$	(83)		$	178		$	377		$	23,190



		Three Months Ended March 31, 2021
		Balance at
		Beginning of			Impact of ASC												Balance at
(in thousands)		Period			326			Charge Offs			Recoveries			Provision			End of Period
Commercial construction		$	824		$	1,196		$	—		$	18		$	(246)		$	1,792
Commercial real estate owner occupied			1,783			708			(153)			—			1,014			3,352
Commercial real estate non-owner occupied			7,864			(2,008)			—			4			42			5,902
Tax exempt			58			40			—			—			(4)			94
Commercial and industrial			3,137			2,996			—			1			(1,094)			5,040
Residential real estate			5,010			1,732			(40)			13			(146)			6,569
Home equity			285			603			(22)			11			(54)			823
Consumer other			121			(39)			(1)			1			(1)			81
Total		$	19,082		$	5,228		$	(216)		$	48		$	(489)		$	23,653

Schedule of Loans by Risk Rating



(in thousands)		2022			2021			2020			2019			2018			Prior			Total
Commercial construction
Risk rating:
Pass		$	2,227		$	19,550		$	28,953		$	19,964		$	9,570		$	—		$	80,264
Special mention			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—
Total		$	2,227		$	19,550		$	28,953		$	19,964		$	9,570		$	—		$	80,264

Commercial real estate owner occupied
Risk rating:
Pass		$	1,262		$	12,627		$	24,927		$	34,006		$	45,905		$	118,517		$	237,244
Special mention			—			—			—			753			—			2,155			2,908
Substandard			—			—			—			1			853			8,129			8,983
Doubtful			—			—			—			—			167			158			325
Total		$	1,262		$	12,627		$	24,927		$	34,760		$	46,925		$	128,959		$	249,460

Commercial real estate non-owner occupied
Risk rating:
Pass		$	131,384		$	245,340		$	150,428		$	92,441		$	38,769		$	290,549		$	948,911
Special mention			—			—			—			163			—			15,068			15,231
Substandard			—			—			—			—			—			2,434			2,434
Doubtful			—			—			—			—			—			163			163
Total		$	131,384		$	245,340		$	150,428		$	92,604		$	38,769		$	308,214		$	966,739

Tax exempt
Risk rating:
Pass		$	—		$	1,176		$	294		$	961		$	13,680		$	22,523		$	38,634
Special mention			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—
Total		$	—		$	1,176		$	294		$	961		$	13,680		$	22,523		$	38,634

Commercial and industrial
Risk rating:
Pass		$	27,529		$	71,666		$	55,877		$	30,770		$	11,643		$	93,834		$	291,319
Special mention			—			—			15			148			450			622			1,235
Substandard			—			58			2			476			—			594			1,130
Doubtful			—			—			—			—			—			132			132
Total		$	27,529		$	71,724		$	55,894		$	31,394		$	12,093		$	95,182		$	293,816

(continued)







(in thousands)		2022			2021			2020			2019			2018			Prior			Total
Residential real estate
Performing		$	82,004		$	189,709		$	117,170		$	77,932		$	58,274		$	402,431		$	927,520
Nonperforming			—			—			—			—			683			5,356			6,039
Total		$	82,004		$	189,709		$	117,170		$	77,932		$	58,957		$	407,787		$	933,559

Home equity
Performing		$	2,352		$	11,323		$	10,513		$	8,247		$	7,136		$	43,369		$	82,940
Nonperforming			—			—			—			—			—			1,277			1,277
Total		$	2,352		$	11,323		$	10,513		$	8,247		$	7,136		$	44,646		$	84,217

Consumer other
Performing		$	826		$	2,215		$	1,382		$	603		$	558		$	2,285		$	7,869
Nonperforming			—			—			—			—			—			4			4
Total		$	826		$	2,215		$	1,382		$	603		$	558		$	2,289		$	7,873

Total Loans		$	247,584		$	553,664		$	389,561		$	266,465		$	187,688		$	1,009,600		$	2,654,562



(in thousands)		2021			2020			2019			2018			2017			Prior			Total
Commercial construction
Risk rating:
Pass		$	22,866		$	4,787		$	19,211		$	9,399		$	—		$	—		$	56,263
Special mention			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—
Total		$	22,866		$	4,787		$	19,211		$	9,399		$	—		$	—		$	56,263

Commercial real estate owner occupied
Risk rating:
Pass		$	12,940		$	25,240		$	34,782		$	49,136		$	19,292		$	103,144		$	244,534
Special mention			—			—			760			—			—			2,659			3,419
Substandard			—			—			1			853			247			7,737			8,838
Doubtful			—			—			—			167			—			164			331
Total		$	12,940		$	25,240		$	35,543		$	50,156		$	19,539		$	113,704		$	257,122

Commercial real estate non-owner occupied
Risk rating:
Pass		$	235,646		$	172,785		$	119,326		$	39,663		$	136,120		$	165,329		$	868,869
Special mention			—			—			174			—			—			14,789			14,963
Substandard			—			—			—			—			—			3,097			3,097
Doubtful			—			—			—			—			—			163			163
Total		$	235,646		$	172,785		$	119,500		$	39,663		$	136,120		$	183,378		$	887,092

Tax exempt
Risk rating:
Pass		$	1,249		$	299		$	968		$	14,408		$	5,329		$	19,027		$	41,280
Special mention			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—
Total		$	1,249		$	299		$	968		$	14,408		$	5,329		$	19,027		$	41,280

Commercial and industrial
Risk rating:
Pass		$	77,608		$	80,569		$	33,405		$	16,457		$	33,413		$	61,594		$	303,046
Special mention			—			—			584			468			172			1,396			2,620
Substandard			58			3			512			—			48			578			1,199
Doubtful			—			—			—			—			92			155			247
Total		$	77,666		$	80,572		$	34,501		$	16,925		$	33,725		$	63,723		$	307,112

(continued)





(in thousands)		2021			2020			2019			2018			2017			Prior			Total
Residential real estate
Performing		$	191,466		$	120,495		$	83,044		$	62,299		$	59,642		$	364,482		$	881,428
Nonperforming			—			—			—			286			178			6,371			6,835
Total		$	191,466		$	120,495		$	83,044		$	62,585		$	59,820		$	370,853		$	888,263

Home equity
Performing		$	12,770		$	10,461		$	9,005		$	7,855		$	6,474		$	38,823		$	85,388
Nonperforming			—			—			—			—			—			1,269			1,269
Total		$	12,770		$	10,461		$	9,005		$	7,855		$	6,474		$	40,092		$	86,657

Consumer other
Performing		$	2,525		$	1,659		$	792		$	669		$	92		$	2,379		$	8,116
Nonperforming			—			—			—			—			—			5			5
Total		$	2,525		$	1,659		$	792		$	669		$	92		$	2,384		$	8,121

Total Loans		$	557,128		$	416,298		$	302,564		$	201,660		$	261,099		$	793,161		$	2,531,910

Summary of Past Due Loans


		March 31, 2022
(in thousands)		30-59			60-89			90+			Total Past Due			Current			Total Loans
Commercial construction		$	—		$	—		$	—		$	—		$	80,264		$	80,264
Commercial real estate owner occupied			7			—			—			7			249,453			249,460
Commercial real estate non-owner occupied			83			—			—			83			966,656			966,739
Tax exempt			—			—			—			—			38,634			38,634
Commercial and industrial			82			—			145			227			293,589			293,816
Residential real estate			4,327			673			2,330			7,330			926,229			933,559
Home equity			638			9			408			1,055			83,162			84,217
Consumer other			28			—			2			30			7,843			7,873
Total		$	5,165		$	682		$	2,885		$	8,732		$	2,645,830		$	2,654,562


		December 31, 2021
(in thousands)		30-59			60-89			90+			Total Past Due			Current			Total Loans
Commercial construction		$	—		$	—		$	—		$	—		$	56,263		$	56,263
Commercial real estate owner occupied			1,190			7			1			1,198			255,924			257,122
Commercial real estate non-owner occupied			—			—			—			—			887,092			887,092
Tax exempt			—			—			—			—			41,280			41,280
Commercial and industrial			31			318			185			534			306,578			307,112
Residential real estate			5,010			1,238			1,416			7,664			880,599			888,263
Home equity			699			149			101			949			85,708			86,657
Consumer other			29			—			2			31			8,090			8,121
Total		$	6,959		$	1,712		$	1,705		$	10,376		$	2,521,534		$	2,531,910

Summary of Non-Accrual Loans


		March 31, 2022
					Nonaccrual With No			90+ Days Past
(in thousands)		Nonaccrual			Related Allowance			Due and Accruing
Commercial construction		$	—		$	—		$	—
Commercial real estate owner occupied			748			395			—
Commercial real estate non-owner occupied			610			610			—
Tax exempt			—			—			—
Commercial and industrial			535			415			—
Residential real estate			6,039			1,080			828
Home equity			1,277			296			15
Consumer other			4			—			—
Total		$	9,213		$	2,796		$	843


		December 31, 2021
					Nonaccrual With No			90+ Days Past
(in thousands)		Nonaccrual			Related Allowance			Due and Accruing
Commercial construction		$	—		$	—		$	—
Commercial real estate owner occupied			783			424			—
Commercial real estate non-owner occupied			622			459			—
Tax exempt			—			—			—
Commercial and industrial			677			542			30
Residential real estate			6,835			2,537			41
Home equity			1,269			305			63
Consumer other			5			—			—
Total		$	10,191		$	4,267		$	134

Schedule of amortized cost basis of collateral-dependent loans


		March 31, 2022						December 31, 2021
(in thousands)		Real Estate			Other			Real Estate			Other
Commercial construction		$	—		$	—		$	—		$	—
Commercial real estate owner occupied			748			—			783			—
Commercial real estate non-owner occupied			610			—			622			—
Tax exempt			—			—			—			—
Commercial and industrial			274			261			385			292
Residential real estate			6,039			—			6,835			—
Home equity			1,277			—			1,269			—
Consumer other			4			—			5			—
Total		$	8,952		$	261		$	9,899		$	292

Unfunded Loan Commitment

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Activity in the Allowance for Credit Losses


(in thousands)		Three Months Ended March 31, 2022			Three Months Ended March 31, 2021
Beginning Balance		$	2,152		$	359
Impact of CECL adoption			—			1,616
Provision for credit losses			30			(156)
Ending Balance		$	2,182		$	1,819