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Loans, net and allowance for credit losses (Tables)

3 Months Ended

Mar. 31, 2023

Loans, net and allowance for credit losses

Schedule of major classifications of loans outstanding



(Dollars in thousands)			March 31, 2023		December 31, 2022
Commercial and Industrial		$	430,098		$	433,048
Municipal			169,278			166,210
Total			599,376			599,258
Real estate
Commercial			1,782,911			1,709,827
Residential			342,459			330,728
Total			2,125,370			2,040,555
Consumer
Indirect Auto			86,587			76,461
Consumer Other			6,710			13,842
Total			93,297			90,303
Total		$	2,818,043		$	2,730,116

Schedule of changes in allowance for loan losses account by major classification of loans


								Real estate
March 31, 2023		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for credit losses:		$	4,365		$	1,247		$	17,915		$	3,072		$	873		$	27,472
Impact of adopting ASU 2016-13			(1,683)			747			(3,344)			987			30			(3,263)
Adjusted Beginning Balance January 1, 2023			2,682			1,994			14,571			4,059			903			24,209
Charge-offs			(4)												(71)			(75)
Recoveries									1			16			49			66
Provisions (credits)			(197)			324			1,120			(207)			204			1,244
Ending balance		$	2,481		$	2,318		$	15,692		$	3,868		$	1,085		$	25,444

								Real estate
March 31, 2022		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for loan losses:
Beginning Balance January 1, 2022		$	7,466		$	987		$	15,928		$	3,209		$	793		$	28,383
Charge-offs			(161)						(132)						(62)			(355)
Recoveries			9						16			3			51			79
Provisions (credits)			(887)			179			977			43			(12)			300
Ending balance		$	6,427		$	1,166		$	16,789		$	3,255		$	770		$	28,407

Schedule of nonaccrual loans



			March 31, 2023
												Interest Income
												Recorded for
			Total			Nonaccrual with			Nonaccrual with			Nonaccrual Loans
			Nonaccrual			an Allowance for			no Allowance for			in the three months
(Dollars in thousands)			Loans			Credit Losses			Credit Losses			ended March 31, 2023
Commercial		$	14		$	14		$			$	5
Municipal
Real estate:
Commercial			867						867			374
Residential			723						723
Consumer			194						194
Total		$	1,798		$	14		$	1,784		$	379



			December 31, 2022
												Interest Income
												Recorded for
			Total			Nonaccrual with			Nonaccrual with			Nonaccrual Loans
			Nonaccrual			an Allowance for			no Allowance for			in the three months
(Dollars in thousands)			Loans			Credit Losses			Credit Losses			ended December 31, 2022
Commercial		$	86		$	19		$	67		$
Municipal
Real estate:
Commercial			1,155						1,155
Residential			562						562
Consumer			232						232
Total		$	2,035		$	19		$	2,016		$

Summarized information concerning impaired loans


		March 31, 2022
											For the Quarter Ended
					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(Dollars in thousands)		Investment			Balance			Allowance			Investment			Recognized
With no related allowance:
Commercial		$	138		$	475		$			$	148		$	2
Municipal
Real estate:
Commercial			2,748			3,505						2,562			12
Residential			874			1,047						874			4
Consumer			207			217						173
Total			3,967			5,244						3,757			18
With an allowance recorded:
Commercial			21			21			21			31
Municipal
Real estate:
Commercial			440			452			45			477			4
Residential			273			274			49			338			3
Consumer
Total			734			747			115			846			7
Total impaired loans
Commercial			159			496			21			179			2
Municipal
Real estate:
Commercial			3,188			3,957			45			3,039			16
Residential			1,147			1,321			49			1,212			7
Consumer			207			217						173
Total		$	4,701		$	5,991		$	115		$	4,603		$	25

Schedule of major classification of loans portfolio summarized by credit quality




(Dollars in thousands)			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Total
Commercial
Pass		$	11,531		$	50,495		$	46,353		$	32,496		$	50,260		$	89,938		$	140,615		$	421,688
Special Mention																					67			67
Substandard			15						46						53			276			7,953			8,343
Total Commercial			11,546			50,495			46,399			32,496			50,313			90,214			148,635			430,098

Municipal
Pass			1,400			45,146			91,776			11,850			36			18,983			87			169,278
Special Mention
Substandard
Total Municipal			1,400			45,146			91,776			11,850			36			18,983			87			169,278

Commercial real estate
Pass			55,319			531,819			488,524			151,845			154,002			386,268						1,767,777
Special Mention			1,763												303			3,301						5,367
Substandard			175						1,637			165			628			7,162						9,767
Total Commercial real estate			57,257			531,819			490,161			152,010			154,933			396,731						1,782,911

Residential real estate
Pass			5,741			55,051			69,011			28,927			17,764			93,343			72,014			341,851
Special Mention
Substandard									17			214						377						608
Total Residential real estate			5,741			55,051			69,028			29,141			17,764			93,720			72,014			342,459

Consumer
Pass			17,548			39,005			17,087			8,127			5,179			5,457			700			93,103
Special Mention
Substandard									111			30			19			34						194
Total Consumer			17,548			39,005			17,198			8,157			5,198			5,491			700			93,297

Total Loans		$	93,492		$	721,516		$	714,562		$	233,654		$	228,244		$	605,139		$	221,436		$	2,818,043

Gross charge-offs
Commercial		$			$			$			$			$			$			$	4		$	4
Municipal
Commercial real estate
Residential real estate
Consumer						1			35			17			10			8						71
Total Gross charge-offs		$			$	1		$	35		$	17		$	10		$	8		$	4		$	75


		December 31, 2022
					Special
(Dollars in thousands)		Pass			Mention			Substandard			Doubtful			Total
Commercial		$	424,411		$	7,822		$	815		$			$	433,048
Municipal			166,210												166,210
Real estate:
Commercial			1,699,041			7,509			3,277						1,709,827
Residential			329,098						1,630						330,728
Consumer			90,020						283						90,303
Total		$	2,708,780		$	15,331		$	6,005		$			$	2,730,116

Schedule of information concerning nonaccrual loans by major loan classification


								Real estate
March 31, 2023		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for credit losses:
Ending balance		$	2,481		$	2,318		$	15,692		$	3,868		$	1,085		$	25,444
Ending balance: individually evaluated			14															14
Ending balance: collectively evaluated		$	2,467		$	2,318		$	15,692		$	3,868		$	1,085		$	25,430
Loans receivable:
Ending balance		$	430,098		$	169,278		$	1,782,911		$	342,459		$	93,297		$	2,818,043
Individually evaluated - collateral dependent - real estate			10						867			789						1,666
Individually evaluated - collateral dependent - non-real estate			14															14
Collectively evaluated			430,074			169,278			1,782,044			341,670			93,297			2,816,363



								Real estate
December 31, 2022		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for loan losses:
Ending balance		$	4,365		$	1,247		$	17,915		$	3,072		$	873		$	27,472
Ending balance: individually evaluated for impairment			19									21						40
Ending balance: collectively evaluated for impairment		$	4,346		$	1,247		$	17,915		$	3,051		$	873		$	27,432
Loans receivable:
Ending balance		$	433,048		$	166,210		$	1,709,827		$	330,728		$	90,303		$	2,730,116
Ending balance: individually evaluated for impairment			98						2,063			1,760						3,921
Ending balance: collectively evaluated for impairment			432,950			166,210			1,707,764			328,968			90,303			2,726,195

Schedule of major classifications of loans by past due status


		March 31, 2023
								Greater												Loans > 90
		30-59 Days			60-89 Days			than 90			Total Past									Days and
(Dollars in thousands)		Past Due			Past Due			Days			Due			Current			Total Loans			Accruing
Commercial		$	156		$			$	14		$	170		$	429,928		$	430,098		$
Municipal															169,278			169,278
Real estate:
Commercial			92			616			245			953			1,781,958			1,782,911
Residential			1,965			444			467			2,876			339,583			342,459			59
Consumer			487			92			53			632			92,665			93,297
Total		$	2,700		$	1,152		$	779		$	4,631		$	2,813,412		$	2,818,043		$	59


		December 31, 2022
								Greater												Loans > 90
		30-59 Days			60-89 Days			than 90			Total Past									Days and
(Dollars in thousands)		Past Due			Past Due			Days			Due			Current			Total Loans			Accruing
Commercial		$	137		$	38		$	86		$	261		$	432,787		$	433,048		$
Municipal															166,210			166,210
Real estate:
Commercial			102			2			334			438			1,709,389			1,709,827
Residential			1,162			128			988			2,278			328,450			330,728			748
Consumer			690			199			120			1,009			89,294			90,303
Total		$	2,091		$	367		$	1,528		$	3,986		$	2,726,130		$	2,730,116		$	748

Schedule of allowance for credit losses on off balance sheet commitments


(Dollars in thousands)			March 31, 2023
Balance at December 31, 2022		$	179
Impact of adopting Topic 326			270
Credit recorded in noninterest expense			(185)
Total allowance for credit losses on off balance sheet commitments		$	264