XML 34 R22.htm IDEA: XBRL DOCUMENT

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2022

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

Schedule of Loans


		June 30,			December 31,
(in thousands)		2022			2021
Commercial construction		$	86,163		$	56,263
Commercial real estate owner occupied			250,890			257,122
Commercial real estate non-owner occupied			1,003,573			887,092
Tax exempt			44,439			41,280
Commercial and industrial			301,381			307,112
Residential real estate			939,730			888,263
Home equity			92,949			86,657
Consumer other			8,149			8,121
Total loans			2,727,274			2,531,910
Allowance for credit losses			23,756			22,718
Net loans		$	2,703,518		$	2,509,192

Summary of Unamortized Net Costs and Premiums


		June 30,			December 31,
(in thousands)		2022			2021
Net unamortized loan origination costs		$	4,276		$	3,014
Net unamortized fair value discount on acquired loans			(4,088)			(4,758)
Total		$	188		$	(1,744)

Schedule of Activity in the Allowance for Credit Losses


		At or for the Three Months Ended June 30, 2022
		Balance at
		Beginning of												Balance at
(in thousands)		Period			Charge Offs			Recoveries			Provision			End of Period
Commercial construction		$	1,001		$	—		$	—		$	9		$	1,010
Commercial real estate owner occupied			2,673			—			61			(12)			2,722
Commercial real estate non-owner occupied			7,007			—			—			354			7,361
Tax exempt			—			—			—			105			105
Commercial and industrial			4,739			—			12			69			4,820
Residential real estate			6,878			—			6			(78)			6,806
Home equity			827			(4)			15			27			865
Consumer other			65			(58)			—			60			67
Total		$	23,190		$	(62)		$	94		$	534		$	23,756


		At or for the Six Months Ended June 30, 2022
		Balance at
		Beginning of												Balance at
(in thousands)		Period			Charge Offs			Recoveries			Provision			End of Period
Commercial construction		$	2,111		$	—		$	—		$	(1,101)		$	1,010
Commercial real estate owner occupied			2,751			—			113			(142)			2,722
Commercial real estate non-owner occupied			5,650			—			—			1,711			7,361
Tax exempt			86			—			—			19			105
Commercial and industrial			5,369			—			37			(586)			4,820
Residential real estate			5,862			(15)			98			861			6,806
Home equity			814			(6)			20			37			865
Consumer other			75			(124)			4			112			67
Total		$	22,718		$	(145)		$	272		$	911		$	23,756


		At or for the Three Months Ended June 30, 2021
		Balance at
		Beginning of												Balance at
(in thousands)		Period			Charge Offs			Recoveries			Provision			End of Period
Commercial construction		$	1,792		$	—		$	—		$	580		$	2,372
Commercial real estate owner occupied			3,352			(108)			2			(694)			2,552
Commercial real estate non-owner occupied			5,902			—			—			(298)			5,604
Tax exempt			94			—			—			(3)			91
Commercial and industrial			5,040			(20)			13			192			5,225
Residential real estate			6,569			(21)			109			(588)			6,069
Home equity			823			(32)			36			(5)			822
Consumer other			81			(58)			6			51			80
Total		$	23,653		$	(239)		$	166		$	(765)		$	22,815



		At or for the Six Months Ended June 30, 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		$	334		$	2,372
Commercial real estate owner occupied			1,783			708			(261)			2			320			2,552
Commercial real estate non-owner occupied			7,864			(2,008)			—			4			(256)			5,604
Tax exempt			58			40			—			—			(7)			91
Commercial and industrial			3,137			2,996			(20)			14			(902)			5,225
Residential real estate			5,010			1,732			(61)			122			(734)			6,069
Home equity			285			603			(54)			47			(59)			822
Consumer other			121			(39)			(59)			7			50			80
Total		$	19,082		$	5,228		$	(455)		$	214		$	(1,254)		$	22,815

Schedule of Loans by Risk Rating



(in thousands)		2022			2021			2020			2019			2018			Prior			Total
Commercial construction
Risk rating:
Pass		$	16,952		$	25,707		$	31,927		$	1,011		$	10,566		$	—		$	86,163
Special mention			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—
Total		$	16,952		$	25,707		$	31,927		$	1,011		$	10,566		$	—		$	86,163

Commercial real estate owner occupied
Risk rating:
Pass		$	16,947		$	12,956		$	24,170		$	32,907		$	38,530		$	115,912		$	241,422
Special mention			—			—			246			—			978			1,819			3,043
Substandard			—			—			—			—			853			5,253			6,106
Doubtful			—			—			—			—			167			152			319
Total		$	16,947		$	12,956		$	24,416		$	32,907		$	40,528		$	123,136		$	250,890

Commercial real estate non-owner occupied
Risk rating:
Pass		$	186,590		$	247,260		$	152,249		$	90,146		$	37,524		$	271,359		$	985,128
Special mention			—			—			—			151			978			14,830			15,959
Substandard			—			—			—			—			—			2,323			2,323
Doubtful			—			—			—			—			—			163			163
Total		$	186,590		$	247,260		$	152,249		$	90,297		$	38,502		$	288,675		$	1,003,573

Tax exempt
Risk rating:
Pass		$	6,899		$	1,155		$	290		$	925		$	13,543		$	21,627		$	44,439
Special mention			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—
Total		$	6,899		$	1,155		$	290		$	925		$	13,543		$	21,627		$	44,439

Commercial and industrial
Risk rating:
Pass		$	39,970		$	69,858		$	53,091		$	31,842		$	9,726		$	94,725		$	299,212
Special mention			—			—			60			268			442			312			1,082
Substandard			—			58			2			304			—			620			984
Doubtful			—			—			—			—			—			103			103
Total		$	39,970		$	69,916		$	53,153		$	32,414		$	10,168		$	95,760		$	301,381

(continued)







(in thousands)		2022			2021			2020			2019			2018			Prior			Total
Residential real estate
Performing		$	127,436		$	183,662		$	114,026		$	74,866		$	54,141		$	380,464		$	934,595
Nonperforming			—			—			—			—			647			4,488			5,135
Total		$	127,436		$	183,662		$	114,026		$	74,866		$	54,788		$	384,952		$	939,730

Home equity
Performing		$	7,850		$	11,632		$	10,339		$	7,898		$	7,907		$	46,163		$	91,789
Nonperforming			—			—			—			—			—			1,160			1,160
Total		$	7,850		$	11,632		$	10,339		$	7,898		$	7,907		$	47,323		$	92,949

Consumer other
Performing		$	3,156		$	1,879		$	1,197		$	472		$	409		$	1,028		$	8,141
Nonperforming			—			—			—			—			6			2			8
Total		$	3,156		$	1,879		$	1,197		$	472		$	415		$	1,030		$	8,149

Total Loans		$	405,800		$	554,167		$	387,597		$	240,790		$	176,417		$	962,503		$	2,727,274



(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


		June 30, 2022
(in thousands)		30-59			60-89			90+			Total Past Due			Current			Total Loans
Commercial construction		$	—		$	—		$	—		$	—		$	86,163		$	86,163
Commercial real estate owner occupied			6			—			—			6			250,884			250,890
Commercial real estate non-owner occupied			—			—			—			—			1,003,573			1,003,573
Tax exempt			—			—			—			—			44,439			44,439
Commercial and industrial			35			11			—			46			301,335			301,381
Residential real estate			762			1,278			1,679			3,719			936,011			939,730
Home equity			346			60			401			807			92,142			92,949
Consumer other			57			1			8			66			8,083			8,149
Total		$	1,206		$	1,350		$	2,088		$	4,644		$	2,722,630		$	2,727,274


		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


		June 30, 2022
					Nonaccrual With No			90+ Days Past
(in thousands)		Nonaccrual			Related Allowance			Due and Accruing
Commercial construction		$	—		$	—		$	—
Commercial real estate owner occupied			636			383			—
Commercial real estate non-owner occupied			595			595			—
Tax exempt			—			—			—
Commercial and industrial			344			232			—
Residential real estate			5,135			413			704
Home equity			1,160			287			15
Consumer other			8			—			—
Total		$	7,878		$	1,910		$	719


		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


		June 30, 2022						December 31, 2021
(in thousands)		Real Estate			Other			Real Estate			Other
Commercial construction		$	—		$	—		$	—		$	—
Commercial real estate owner occupied			636			—			783			—
Commercial real estate non-owner occupied			595			—			622			—
Tax exempt			—			—			—			—
Commercial and industrial			122			222			385			292
Residential real estate			5,135			—			6,835			—
Home equity			1,160			—			1,269			—
Consumer other			8			—			5			—
Total		$	7,656		$	222		$	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 June 30, 2022			Six Months Ended June 30, 2022
Beginning Balance		$	2,182		$	2,152
Provision for credit losses			341			371
Ending Balance		$	2,523		$	2,523


(in thousands)		Three Months Ended June 30, 2021			Six Months Ended June 30, 2021
Beginning Balance		$	1,819		$	359
Impact of ASC 326			—			1,616
Provision for credit losses			102			(54)
Ending Balance		$	1,921		$	1,921