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Loans, net and allowance for loan losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Loans, net and allowance for loan losses |
Schedule of major classifications of loans outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | September 30, 2020 |  | ​ | December 31, 2019 |
Commercial | ​ | $ | 698,612 | ​ | $ | 522,957 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 1,111,645 | ​ |  | 1,011,423 | ​
Residential | ​ |  | 290,604 | ​ |  | 301,378 | ​
Consumer | ​ |  | 87,602 | ​ |  | 102,482 | ​
Total | ​ | $ | 2,188,463 | ​ | $ | 1,938,240 | ​
Schedule of changes in allowance for loan losses account by major classification of loans | The changes in the allowance for loan losses account by major classification of loan for the three and nine months ended September 30, 2020 and 2019 are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | ​ | ​ | Real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2020 |  | Commercial |  | Commercial |  | Residential | ​ | Consumer | ​ | Total |
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance July 1, 2020 | ​ | $ | 8,487 | ​ | $ | 13,855 | ​ | $ | 3,567 | ​ | $ | 1,048 | ​ | $ | 26,957 | ​
Charge-offs | ​ |  | (1,354) | ​ |  | (66) | ​ |  | (71) | ​ |  | (51) | ​ |  | (1,542) | ​
Recoveries | ​ |  | 51 | ​ |  | 14 | ​ |  | 9 | ​ |  | 45 | ​ |  | 119 | ​
Provisions | ​ |  | 1,271 | ​ |  | (5) | ​ |  | (159) | ​ |  | (57) | ​ |  | 1,050 | ​
Ending balance | ​ | $ | 8,455 | ​ | $ | 13,798 | ​ | $ | 3,346 | ​ | $ | 985 | ​ | $ | 26,584 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2019 |  | Commercial |  | Commercial |  | Residential | ​ | Consumer | ​ | Total |
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance July 1, 2019 | ​ | $ | 6,142 | ​ | $ | 11,042 | ​ | $ | 3,615 | ​ | $ | 1,131 | ​ | $ | 21,930 | ​
Charge-offs | ​ |  | (26) | ​ |  | (34) | ​ |  | (104) | ​ |  | (144) | ​ |  | (308) | ​
Recoveries | ​ |  | 12 | ​ |  | ​ | ​ |  | 11 | ​ |  | 47 | ​ |  | 70 | ​
Provisions | ​ |  | (205) | ​ |  | 762 | ​ |  | 34 | ​ |  | 109 | ​ |  | 700 | ​
Ending balance | ​ | $ | 5,923 |  | $ | 11,770 | ​ | $ | 3,556 | ​ | $ | 1,143 | ​ | $ | 22,392 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | Real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2020 |  | Commercial |  | Commercial |  | Residential | ​ | Consumer | ​ | Total | ​
Allowance for loan losses: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance January 1, 2020 |  | $ | 6,888 | ​ | $ | 11,496 | ​ | $ | 3,226 | ​ | $ | 1,067 | ​ | $ | 22,677 | ​
Charge-offs |  |  | (2,339) | ​ |  | (113) | ​ |  | (206) | ​ |  | (299) | ​ |  | (2,957) | ​
Recoveries |  |  | 349 | ​ |  | 14 | ​ |  | 22 | ​ |  | 129 | ​ |  | 514 | ​
Provisions |  |  | 3,557 | ​ |  | 2,401 | ​ |  | 304 | ​ |  | 88 | ​ |  | 6,350 | ​
Ending balance |  | $ | 8,455 |  | $ | 13,798 | ​ | $ | 3,346 | ​ | $ | 985 | ​ | $ | 26,584 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2019 |  | Commercial |  | Commercial |  | Residential | ​ | Consumer | ​ | Total | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance January 1, 2019 | ​ | $ | 5,516 | ​ | $ | 10,736 | ​ | $ | 3,892 | ​ | $ | 1,235 | ​ | $ | 21,379 | ​
Charge-offs | ​ |  | (113) | ​ |  | (383) | ​ |  | (406) | ​ |  | (356) | ​ |  | (1,258) | ​
Recoveries | ​ |  | 22 | ​ |  | ​ | ​ |  | 27 | ​ |  | 122 | ​ |  | 171 | ​
Provisions | ​ |  | 498 | ​ |  | 1,417 | ​ |  | 43 | ​ |  | 142 | ​ |  | 2,100 | ​
Ending balance | ​ | $ | 5,923 | ​ | $ | 11,770 | ​ | $ | 3,556 | ​ | $ | 1,143 | ​ | $ | 22,392 | ​
​ The Company’s allowance for loan losses increased $3.9 million or 17.2% in 2020, due largely to the adjustment during the first six months of 2020 of several qualitative factors in our allowance for loan losses methodology, which reflected economic decline and expectation of increased credit losses due to COVID-19’s adverse impact on economic and business operating conditions. The allowance for loan losses equaled $26.6 million or 1.21% of loans, net at September 30, 2020 compared to $22.7 million or 1.17% of loans, net, at December 31, 2019. Excluding PPP loans that do not carry an allowance for loan losses due to a 100% government guarantee, the ratio equaled 1.35% at September 30, 2020. Loans charged-off, net of recoveries, for the nine months ended September 30, 2020, equaled $2.4 million or 0.16% of average loans, compared to $1.1 million or 0.08% of average loans for the comparable period last year. The increase in charge-offs was due to a partial write-down of a non-accrual commercial relationship of $0.9 million and additional charge-offs of $0.9 million related to small business lines of credit originated in our Greater Delaware Valley market. Loans charged-off, net of recoveries, for the three months ended September 30, 2020, equaled $1.4 million or 0.26% of average loans, compared to $0.2 million or 0.05% of average loans for the comparable period last year. The increase in charge-offs was due to a partial write-down of a non-accrual commercial relationship of $0.9 million and additional charge-offs of $0.5 million related to small business lines of credit originated in our Greater Delaware Valley market ​ The allocation of the allowance for loan losses and the related loans by major classifications of loans at September 30, 2020 and December 31, 2019 is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | Real estate | ​ | ​ | ​ | ​ | ​ | ​ |
September 30, 2020 |  | Commercial |  | Commercial |  | Residential |  | Consumer |  | Total |
Allowance for loan losses: | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance | ​ | $ | 8,455 | ​ | $ | 13,798 |  | $ | 3,346 | ​ | $ | 985 | ​ | $ | 26,584 |
Ending balance: individually evaluated for impairment |  |  | 1,113 | ​ | ​ | 179 | ​ | ​ | 92 | ​ | ​ | ​ | ​ |  | 1,384 |
Ending balance: collectively evaluated for impairment |  | $ | 7,342 | ​ | $ | 13,619 | ​ | $ | 3,254 | ​ | $ | 985 | ​ | $ | 25,200 |
Loans receivable: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance | ​ | $ | 698,612 | ​ | $ | 1,111,645 |  | $ | 290,604 | ​ | $ | 87,602 | ​ | $ | 2,188,463 |
Ending balance: individually evaluated for impairment | ​ |  | 4,739 | ​ | ​ | 4,161 | ​ | ​ | 1,779 | ​ | ​ | 103 | ​ |  | 10,782 |
Ending balance: collectively evaluated for impairment | ​ | $ | 693,873 | ​ | $ | 1,107,484 | ​ | $ | 288,825 | ​ | $ | 87,499 | ​ | $ | 2,177,681 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | Real estate | ​ | ​ | ​ | ​ | ​ | ​ |
December 31, 2019 |  | Commercial |  | Commercial |  | Residential |  | Consumer |  | Total |
Allowance for loan losses: | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance | ​ | $ | 6,888 | ​ | $ | 11,496 |  | $ | 3,226 | ​ | $ | 1,067 | ​ | $ | 22,677 |
Ending balance: individually evaluated for impairment |  |  | 363 | ​ | ​ | 279 | ​ | ​ | 135 | ​ | ​ | ​ | ​ |  | 777 |
Ending balance: collectively evaluated for impairment |  | $ | 6,525 | ​ | $ | 11,217 | ​ | $ | 3,091 | ​ | $ | 1,067 | ​ | $ | 21,900 |
Loans receivable: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance | ​ | $ | 522,957 | ​ | $ | 1,011,423 |  | $ | 301,378 | ​ | $ | 102,482 | ​ | $ | 1,938,240 |
Ending balance: individually evaluated for impairment | ​ |  | 4,658 | ​ | ​ | 3,048 | ​ | ​ | 2,153 | ​ | ​ | 261 | ​ |  | 10,120 |
Ending balance: collectively evaluated for impairment | ​ | $ | 518,299 | ​ | $ | 1,008,375 | ​ | $ | 299,225 | ​ | $ | 102,221 | ​ | $ | 1,928,120 |
​ ​
Schedule of major classification of loans portfolio summarized by credit quality | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
September 30, 2020 |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Total |
Commercial | ​ | $ | 676,627 | ​ | $ | 11,162 | ​ | $ | 10,823 | ​ | $ | ​ | ​ | $ | 698,612 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 1,089,882 | ​ |  | 12,429 | ​ |  | 9,334 | ​ | ​ | ​ | ​ |  | 1,111,645 | ​
Residential | ​ |  | 287,267 | ​ |  | 149 | ​ |  | 3,188 | ​ | ​ | ​ | ​ |  | 290,604 | ​
Consumer | ​ |  | 87,478 | ​ |  | ​ | ​ |  | 124 | ​ | ​ | ​ | ​ |  | 87,602 | ​
Total | ​ | $ | 2,141,254 | ​ | $ | 23,740 | ​ | $ | 23,469 | ​ | $ | ​ | ​ | $ | 2,188,463 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
December 31, 2019 |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Total |
Commercial | ​ | $ | 513,994 | ​ | $ | 3,837 | ​ | $ | 5,126 | ​ | $ | ​ | ​ | $ | 522,957 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 993,645 | ​ |  | 2,508 | ​ |  | 15,270 | ​ | ​ | ​ | ​ |  | 1,011,423 | ​
Residential | ​ |  | 298,449 | ​ |  | 597 | ​ |  | 2,332 | ​ | ​ | ​ | ​ |  | 301,378 | ​
Consumer | ​ |  | 102,145 | ​ |  | ​ | ​ |  | 337 | ​ | ​ | ​ | ​ |  | 102,482 | ​
Total | ​ | $ | 1,908,233 | ​ | $ | 6,942 | ​ | $ | 23,065 | ​ | $ | ​ | ​ | $ | 1,938,240 | ​
Schedule of information concerning nonaccrual loans by major loan classification | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | September 30, 2020 |  | ​ | December 31, 2019 |
Commercial | ​ | $ | 4,259 | ​ | $ | 3,336 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 2,834 | ​ |  | 2,765 | ​
Residential | ​ |  | 1,168 | ​ |  | 1,148 | ​
Consumer | ​ |  | 103 | ​ |  | 261 | ​
Total | ​ | $ | 8,364 | ​ | $ | 7,510 | ​
Schedule of major classifications of loans by past due status | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Greater |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Loans > 90 |
​ | ​ | 30-59 Days | ​ | 60-89 Days | ​ | than 90 | ​ | Total Past | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Days and |
September 30, 2020 | ​ | Past Due | ​ | Past Due | ​ | Days | ​ | Due | ​ | Current | ​ | Total Loans | ​ | Accruing |
Commercial | ​ | $ | 425 | ​ | $ | 114 | ​ | $ | 4,259 | ​ | $ | 4,798 | ​ | $ | 693,814 | ​ | $ | 698,612 | ​ | ​ | ​ | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 503 | ​ | ​ | 293 | ​ |  | 2,833 | ​ |  | 3,629 | ​ |  | 1,108,016 | ​ |  | 1,111,645 | ​ | ​ | ​ | ​
Residential | ​ |  | 313 | ​ |  | 56 | ​ | ​ | 1,221 | ​ |  | 1,590 | ​ |  | 289,014 | ​ |  | 290,604 | ​ | $ | 52 | ​
Consumer | ​ |  | 264 | ​ |  | 70 | ​ |  | 103 | ​ |  | 437 | ​ |  | 87,165 | ​ |  | 87,602 | ​ |  | ​ | ​
Total | ​ | $ | 1,505 | ​ | $ | 533 | ​ | $ | 8,416 | ​ | $ | 10,454 | ​ | $ | 2,178,009 | ​ | $ | 2,188,463 | ​ | $ | 52 | ​
The increase in the greater than 90 day category was due to a net increase in nonaccrual loans which are included in the category. Three large commercial loans added to non-accrual were partially offset by a partial charge-off of a non-accrual commercial relationship. The three loans added all have been individually measured for impairment and have specific reserves allocated. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Greater |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Loans > 90 |
​ | ​ | 30-59 Days | ​ | 60-89 Days | ​ | than 90 | ​ | Total Past | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Days and |
December 31, 2019 | ​ | Past Due | ​ | Past Due | ​ | Days | ​ | Due | ​ | Current | ​ | Total Loans | ​ | Accruing |
Commercial | ​ | $ | 75 | ​ | ​ | ​ | ​ | $ | 3,036 | ​ | $ | 3,111 | ​ | $ | 519,846 | ​ | $ | 522,957 | ​ | ​ | ​ | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 926 | ​ | $ | 175 | ​ |  | 2,765 | ​ |  | 3,866 | ​ |  | 1,007,557 | ​ |  | 1,011,423 | ​ | ​ | ​ | ​
Residential | ​ |  | 2,164 | ​ |  | 1,227 | ​ |  | 1,526 | ​ |  | 4,917 | ​ |  | 296,461 | ​ |  | 301,378 | ​ | $ | 378 | ​
Consumer | ​ |  | 523 | ​ |  | 123 | ​ |  | 261 | ​ |  | 907 | ​ |  | 101,575 | ​ |  | 102,482 | ​ |  | ​ | ​
Total | ​ | $ | 3,688 | ​ | $ | 1,525 | ​ | $ | 7,588 | ​ | $ | 12,801 | ​ | $ | 1,925,439 | ​ | $ | 1,938,240 | ​ | $ | 378 | ​
Summarized information concerning impaired loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | This Quarter | ​ | Year-to-Date | ​
​ | ​ | ​ | ​ | ​ | Unpaid | ​ | ​ | ​ | ​ | Average | ​ | Interest |  | Average | ​ | Interest |
​ | ​ | Recorded | ​ | Principal | ​ | Related | ​ | Recorded | ​ | Income |  | Recorded | ​ | Income |
September 30, 2020 |  | Investment |  | Balance |  | Allowance |  | Investment |  | Recognized |  | Investment |  | Recognized |
With no related allowance: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​
Commercial | ​ | $ | 2,060 | ​ | $ | 3,032 | ​ | ​ | ​ | ​ | $ | 2,491 | ​ | $ | 3 | ​ | $ | 3,081 | ​ | $ | 28 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 2,146 | ​ |  | 2,749 | ​ | ​ | ​ | ​ |  | 2,094 | ​ |  | 3 | ​ |  | 2,092 | ​ |  | 25 | ​
Residential | ​ |  | 1,068 | ​ |  | 1,219 | ​ | ​ | ​ | ​ |  | 1,092 | ​ |  | 5 | ​ |  | 1,258 | ​ |  | 15 | ​
Consumer | ​ |  | 103 | ​ |  | 119 | ​ | ​ | ​ | ​ |  | 132 | ​ | ​ | ​ | ​ |  | 181 | ​ | ​ | ​ | ​
Total | ​ |  | 5,377 | ​ |  | 7,119 | ​ | ​ | ​ | ​ |  | 5,809 | ​ |  | 11 | ​ |  | 6,612 | ​ |  | 68 | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 2,679 | ​ |  | 2,713 | ​ | ​ | 1,113 | ​ |  | 2,583 | ​ |  | 6 | ​ |  | 2,036 | ​ |  | 12 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 2,015 | ​ |  | 2,254 | ​ |  | 179 | ​ |  | 2,232 | ​ |  | 18 | ​ |  | 1,714 | ​ |  | 18 | ​
Residential | ​ |  | 711 | ​ |  | 795 | ​ |  | 92 | ​ |  | 761 | ​ |  | 3 | ​ |  | 666 | ​ |  | 10 | ​
Consumer | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Total | ​ |  | 5,405 | ​ |  | 5,762 | ​ |  | 1,384 | ​ |  | 5,576 | ​ |  | 27 | ​ |  | 4,416 | ​ |  | 40 | ​
Total impaired loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 4,739 | ​ |  | 5,745 | ​ |  | 1,113 | ​ |  | 5,074 | ​ |  | 9 | ​ |  | 5,117 | ​ |  | 40 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 4,161 | ​ |  | 5,003 | ​ |  | 179 | ​ |  | 4,326 | ​ |  | 21 | ​ |  | 3,806 | ​ |  | 43 | ​
Residential | ​ |  | 1,779 | ​ |  | 2,014 | ​ |  | 92 | ​ |  | 1,853 | ​ |  | 8 | ​ |  | 1,924 | ​ |  | 25 | ​
Consumer | ​ |  | 103 | ​ |  | 119 | ​ |  | ​ | ​ |  | 132 | ​ |  | ​ | ​ |  | 181 | ​ |  | ​ | ​
Total | ​ | $ | 10,782 | ​ | $ | 12,881 | ​ | $ | 1,384 | ​ | $ | 11,385 | ​ | $ | 38 | ​ | $ | 11,028 | ​ | $ | 108 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | For the Year Ended |
​ | ​ | ​ | ​ | ​ | Unpaid | ​ | ​ | ​ | ​ | Average | ​ | Interest |
​ | ​ | Recorded | ​ | Principal | ​ | Related | ​ | Recorded | ​ | Income |
December 31, 2019 |  | Investment |  | Balance |  | Allowance |  | Investment |  | Recognized |
With no related allowance: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Commercial | ​ | $ | 3,638 | ​ | $ | 4,175 | ​ | ​ | ​ | ​ | $ | 3,907 | ​ | $ | 63 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 1,918 | ​ |  | 2,205 | ​ | ​ | ​ | ​ |  | 2,385 | ​ |  | 38 | ​
Residential | ​ |  | 1,718 | ​ |  | 2,060 | ​ | ​ | ​ | ​ |  | 1,362 | ​ |  | 25 | ​
Consumer | ​ |  | 261 | ​ |  | 274 | ​ | ​ | ​ | ​ |  | 233 | ​ | ​ | ​ | ​
Total | ​ |  | 7,535 | ​ |  | 8,714 | ​ | ​ | ​ | ​ |  | 7,887 | ​ |  | 126 | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 1,020 | ​ |  | 1,038 | ​ | ​ | 363 | ​ |  | 1,012 | ​ |  | 32 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 1,130 | ​ |  | 1,811 | ​ |  | 279 | ​ |  | 1,050 | ​ |  | 10 | ​
Residential | ​ |  | 435 | ​ |  | 450 | ​ |  | 135 | ​ |  | 1,408 | ​ |  | 29 | ​
Consumer | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 20 | ​ |  | ​ | ​
Total | ​ |  | 2,585 | ​ |  | 3,299 | ​ |  | 777 | ​ |  | 3,490 | ​ |  | 71 | ​
Total impaired loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 4,658 | ​ |  | 5,213 | ​ |  | 363 | ​ |  | 4,919 | ​ |  | 95 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 3,048 | ​ |  | 4,016 | ​ |  | 279 | ​ |  | 3,435 | ​ |  | 48 | ​
Residential | ​ |  | 2,153 | ​ |  | 2,510 | ​ |  | 135 | ​ |  | 2,770 | ​ |  | 54 | ​
Consumer | ​ |  | 261 | ​ |  | 274 | ​ |  | ​ | ​ |  | 253 | ​ |  | ​ | ​
Total | ​ | $ | 10,120 | ​ | $ | 12,013 | ​ | $ | 777 | ​ | $ | 11,377 | ​ | $ | 197 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | This Quarter | ​ | Year-to-Date | ​
​ | ​ | ​ | ​ | ​ | Unpaid | ​ | ​ | ​ | ​ | Average | ​ | Interest |  | Average | ​ | Interest |
​ | ​ | Recorded | ​ | Principal | ​ | Related | ​ | Recorded | ​ | Income |  | Recorded | ​ | Income |
September 30, 2019 |  | Investment |  | Balance |  | Allowance |  | Investment |  | Recognized |  | Investment |  | Recognized |
With no related allowance: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​
Commercial | ​ | $ | 3,766 | ​ | $ | 4,272 | ​ | ​ | ​ | ​ | $ | 4,131 | ​ | $ | 18 | ​ | $ | 3,974 | ​ | $ | 52 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 2,981 | ​ |  | 3,219 | ​ | ​ | ​ | ​ |  | 2,969 | ​ | ​ | 8 | ​ |  | 2,501 | ​ | ​ | 31 | ​
Residential | ​ |  | 1,644 | ​ |  | 1,974 | ​ | ​ | ​ | ​ |  | 1,132 | ​ | ​ | 6 | ​ |  | 1,273 | ​ | ​ | 17 | ​
Consumer | ​ |  | 262 | ​ |  | 275 | ​ | ​ | ​ | ​ |  | 257 | ​ | ​ | ​ | ​ |  | 226 | ​ | ​ | ​ | ​
Total | ​ |  | 8,653 | ​ |  | 9,740 | ​ | ​ | ​ | ​ |  | 8,489 | ​ | ​ | 32 | ​ |  | 7,974 | ​ | ​ | 100 | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 1,006 | ​ |  | 1,008 | ​ | $ | 394 | ​ |  | 1,213 | ​ | ​ | 9 | ​ |  | 1,010 | ​ | ​ | 21 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 622 | ​ |  | 1,103 | ​ |  | 225 | ​ |  | 766 | ​ |  | ​ | ​ |  | 1,030 | ​ |  | 10 | ​
Residential | ​ |  | 806 | ​ |  | 813 | ​ |  | 196 | ​ |  | 1,234 | ​ |  | 8 | ​ |  | 1,651 | ​ |  | 26 | ​
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 20 | ​ | ​ | ​ | ​
Total | ​ |  | 2,434 | ​ |  | 2,924 | ​ |  | 815 | ​ |  | 3,213 | ​ |  | 17 | ​ |  | 3,711 | ​ |  | 57 | ​
Total impaired loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 4,772 | ​ |  | 5,280 | ​ |  | 394 | ​ |  | 5,344 | ​ |  | 27 | ​ |  | 4,984 | ​ |  | 73 | ​
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 3,603 | ​ |  | 4,322 | ​ |  | 225 | ​ |  | 3,735 | ​ |  | 8 | ​ |  | 3,531 | ​ |  | 41 | ​
Residential | ​ |  | 2,450 | ​ |  | 2,787 | ​ |  | 196 | ​ |  | 2,366 | ​ |  | 14 | ​ |  | 2,924 | ​ |  | 43 | ​
Consumer | ​ |  | 262 | ​ |  | 275 | ​ | ​ | ​ | ​ |  | 257 | ​ | ​ | ​ | ​ |  | 246 | ​ | ​ | ​ | ​
Total | ​ | $ | 11,087 | ​ | $ | 12,664 | ​ | $ | 815 | ​ | $ | 11,702 | ​ | $ | 49 | ​ | $ | 11,685 | ​ | $ | 157 | ​
Summary loans whose terms have been modified resulting in troubled debt restructurings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 2020 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended September 30, | ​ | For the Nine Monthe Ended September 30,
​ | ​ | ​ | ​ | ​ | Pre-Modification | ​ | Post-Modification | ​ | ​ | ​ | ​ | Pre-Modification | ​ | ​ | Post-Modification
​ | ​ | Number | ​ | Recorded | ​ | Recorded | ​ | Number | ​ | ​ | Recorded | ​ | ​ | Recored
​ | ​ | of Loans |  | Investment |  | Investment |  | of Loans |  | ​ | Investment |  | ​ | Investment
Commercial real estate | ​ | ​ | ​ | $ | ​ | ​ | $ | ​ | ​ | 3 | ​ | $ | 1,073 | ​ | $ | 1,073
Commercial and industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1 | ​ | ​ | 12 | ​ | ​ | 12
Total | ​ | ​ | ​ | $ | ​ | ​ | $ | ​ |  | 4 | ​ | $ | 1,085 | ​ | $ | 1,085
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 2019 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended September 30, | ​ | For the Nine Monthe Ended September 30,
​ | ​ | ​ | ​ | ​ | Pre-Modification | ​ | Post-Modification | ​ | ​ | ​ | ​ | Pre-Modification | ​ | ​ | Post-Modification
​ | ​ | Number | ​ | Recorded | ​ | Recorded | ​ | Number | ​ | ​ | Recorded | ​ | ​ | Recored
​ | ​ | of Loans |  | Investment |  | Investment |  | of Loans |  | ​ | Investment |  | ​ | Investment
Commercial real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​ | $ | 340 | ​ | $ | 300
Total | ​ | ​ | ​ | $ | ​ | ​ | $ | ​ |  | 1 | ​ | $ | 340 | ​ | $ | 300
Schedule of payment deferrals granted on commercial loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2020 NAICS category | ​ | Number of Loans | ​ | ​ | Balance | ​ | Percentage of Total Loan Portfolio | ​ | ​ | Percentage of Tier 1 Capital (Bank) | ​
Lessors of Nonresidential Buildings | ​ | 6 | ​ | $ | 4,256 | ​ | 0.2 | % | ​ | 1.5 | %
Lessors of Residential Buildings and Dwellings | ​ | 10 | ​ | ​ | 10,162 | ​ | 0.5 | ​ | ​ | 3.7 | ​
Hotels and Motels | ​ | 8 | ​ | ​ | 8,594 | ​ | 0.4 | ​ | ​ | 3.1 | ​
Full-Service Restaurants | ​ | 1 | ​ | ​ | 597 | ​ | 0 | ​ | ​ | 0.2 | ​
Limited-Service Restaurants | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gasoline Stations with Convenience Stores | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and Mining | ​ | 13 | ​ | ​ | 9,717 | ​ | 0.4 | ​ | ​ | 3.5 | ​
Assisted Living Facilities for the Elderly | ​ | 2 | ​ | ​ | 6,319 | ​ | 0.3 | ​ | ​ | 2.3 | ​
Colleges, Universities, and Professional Schools | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
All Others | ​ | 27 | ​ | ​ | 8,679 | ​ | 0.4 | ​ | ​ | 3.1 | ​
​ | ​ | 67 | ​ | $ | 48,324 | ​ | 2.2 | % | ​ | 17.5 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2020 NAICS category | ​ | Number of Loans | ​ | ​ | Balance | ​ | Percentage of Total Loan Portfolio | ​ | ​ | Percentage of Tier 1 Capital (Bank) | ​
Lessors of Nonresidential Buildings | ​ | 65 | ​ | $ | 71,899 | ​ | 3.3 | % | ​ | 26.9 | %
Lessors of Residential Buildings and Dwellings | ​ | 64 | ​ | ​ | 53,564 | ​ | 2.5 | ​ | ​ | 19.9 | ​
Hotels and Motels | ​ | 27 | ​ | ​ | 39,261 | ​ | 1.8 | ​ | ​ | 14.5 | ​
Full-Service Restaurants | ​ | 33 | ​ | ​ | 27,783 | ​ | 1.3 | ​ | ​ | 10.3 | ​
Limited-Service Restaurants | ​ | 8 | ​ | ​ | 11,829 | ​ | 0.5 | ​ | ​ | 4.4 | ​
Gasoline Stations with Convenience Stores | ​ | 18 | ​ | ​ | 12,422 | ​ | 0.6 | ​ | ​ | 4.6 | ​
Construction and Mining | ​ | 13 | ​ | ​ | 9,718 | ​ | 0.4 | ​ | ​ | 3.6 | ​
Assisted Living Facilities for the Elderly | ​ | 2 | ​ | ​ | 6,319 | ​ | 0.3 | ​ | ​ | 2.3 | ​
Colleges, Universities, and Professional Schools | ​ | 1 | ​ | ​ | 6,301 | ​ | 0.3 | ​ | ​ | 2.3 | ​
All Others | ​ | 248 | ​ | ​ | 67,674 | ​ | 3.1 | ​ | ​ | 24.9 | ​
​ | ​ | 479 | ​ | $ | 306,770 | ​ | 14.1 | % | ​ | 113.7 | %

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