XML 33 R24.htm IDEA: XBRL DOCUMENT

Loans, net and allowance for credit losses (Tables)

6 Months Ended

Jun. 30, 2023

Loans, net and allowance for credit losses

Schedule of major classifications of loans outstanding



(Dollars in thousands)			June 30, 2023		December 31, 2022
Commercial and Industrial		$	437,012		$	433,048
Municipal			172,875			166,210
Total			609,887			599,258
Real estate
Commercial			1,794,355			1,709,827
Residential			348,911			330,728
Total			2,143,266			2,040,555
Consumer
Indirect Auto			83,348			76,461
Consumer Other			6,737			13,842
Total			90,085			90,303
Total		$	2,843,238		$	2,730,116

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


(Dollars in thousands)								Real estate
June 30, 2023		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for credit losses:
Beginning Balance April 1, 2023		$	2,481		$	2,318		$	15,692		$	3,868		$	1,085		$	25,444
Charge-offs															(77)			(77)
Recoveries			5									3			44			52
Provisions (credits)			265			(1,491)			(731)			(104)			(140)			(2,201)
Ending balance		$	2,751		$	827		$	14,961		$	3,767		$	912		$	23,218

(Dollars in thousands)								Real estate
June 30, 2022		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for loan losses:
Beginning Balance April 1, 2022		$	6,427		$	1,166		$	16,789		$	3,255		$	770		$	28,407
Charge-offs												(2)			(96)			(98)
Recoveries			20						61						34			115
Provisions (credits)			75			78			719			(33)			111			950
Ending balance		$	6,522		$	1,244		$	17,569		$	3,220		$	819		$	29,374


(Dollars in thousands)								Real estate
June 30, 2023		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for credit losses:
Beginning Balance January 1, 2023		$	4,365		$	1,247		$	17,915		$	3,072		$	873		$	27,472
Impact of adopting ASU 2016-13			(1,683)			747			(3,344)			967			30			(3,283)
Beginning Balance January 1, 2023			2,682			1,994			14,571			4,039			903			24,189
Charge-offs			(4)												(148)			(152)
Recoveries			5						1			19			93			118
Provisions (credits)			68			(1,167)			389			(291)			64			(937)
Ending balance		$	2,751		$	827		$	14,961		$	3,767		$	912		$	23,218

(Dollars in thousands)								Real estate
June 30, 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)			(2)			(158)			(453)
Recoveries			29						77			3			85			194
Provisions (credits)			(812)			257			1,696			10			99			1,250
Ending balance		$	6,522		$	1,244		$	17,569		$	3,220		$	819		$	29,374

Schedule of nonaccrual loans



			June 30, 2023
			Total			Nonaccrual with			Nonaccrual with
			Nonaccrual			an Allowance for			no Allowance for
(Dollars in thousands)			Loans			Credit Losses			Credit Losses
Commercial		$	12		$	12		$
Municipal
Real estate:
Commercial			847						847
Residential			871						871
Consumer			170						170
Total		$	1,900		$	12		$	1,888



									December 31, 2022
									Total
									Nonaccrual
(Dollars in thousands)									Loans
Commercial								$	86
Municipal
Real estate:
Commercial									1,155
Residential									562
Consumer									232
Total								$	2,035

Summarized information concerning impaired loans


		June 30, 2022
											This Quarter							Year-to-Date
					Unpaid						Average			Interest				Average			Interest
		Recorded			Principal			Related			Recorded			Income				Recorded			Income
(Dollars in thousands)		Investment			Balance			Allowance			Investment			Recognized				Investment			Recognized
With no related allowance:
Commercial		$	126		$	471		$			$	132		$	2		$	141		$	4
Municipal
Real estate:
Commercial			2,473			3,262						2,611			10			2532			22
Residential			996			1,181						935			6			914			10
Consumer			270			283						238						205
Total			3,865			5,197						3,916			18			3,792			36
With an allowance recorded:
Commercial			34			34			34			28						32
Municipal
Real estate:
Commercial			430			442			15			435			4			461			8
Residential			271			276			48			273			3			315			6
Consumer
Total			735			752			97			736			7			808			14
Total impaired loans
Commercial			160			505			34			160			2			173			4
Municipal
Real estate:
Commercial			2,903			3,704			15			3,046			14			2,993			30
Residential			1,267			1,457			48			1,208			9			1,229			16
Consumer			270			283						238						205
Total		$	4,600		$	5,949		$	97		$	4,652		$	25		$	4,600		$	50

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		$	11,811		$	43,882		$	44,051		$	30,411		$	49,522		$	110,429		$	138,811		$	428,917
Special Mention																					43			43
Substandard			15						45						47			97			7,848			8,052
Total Commercial			11,826			43,882			44,096			30,411			49,569			110,526			146,702			437,012

Municipal
Pass			895			47,438			93,746			11,569			29			19,111			87			172,875
Special Mention
Substandard
Total Municipal			895			47,438			93,746			11,569			29			19,111			87			172,875

Commercial real estate
Pass			86,423			535,259			484,693			150,484			154,622			372,370						1,783,851
Special Mention															301			3,263						3,564
Substandard			173						1,637			163			624			4,343						6,940
Total Commercial real estate			86,596			535,259			486,330			150,647			155,547			379,976						1,794,355

Residential real estate
Pass			12,232			54,665			68,529			28,470			17,432			90,196			76,659			348,183
Special Mention
Substandard			5						17			210						496						728
Total Residential real estate			12,237			54,665			68,546			28,680			17,432			90,692			76,659			348,911

Consumer
Pass			21,460			35,968			15,453			7,232			4,483			4,544			775			89,915
Special Mention
Substandard									86			36			17			31						170
Total Consumer			21,460			35,968			15,539			7,268			4,500			4,575			775			90,085

Total Loans		$	133,014		$	717,212		$	708,257		$	228,575		$	227,077		$	604,880		$	224,223		$	2,843,238

Gross charge-offs
Commercial		$			$			$			$			$			$			$	4		$	4
Municipal
Commercial real estate
Residential real estate
Consumer						26			59			32			23			8						148
Total Gross charge-offs		$			$	26		$	59		$	32		$	23		$	8		$	4		$	152


		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


(Dollars in thousands)								Real estate
June 30, 2023		Commercial			Municipal			Commercial			Residential			Consumer			Total
Allowance for credit losses:
Ending balance		$	2,751		$	827		$	14,961		$	3,767		$	912		$	23,218
Ending balance: individually evaluated			12															12
Ending balance: collectively evaluated		$	2,739		$	827		$	14,961		$	3,767		$	912		$	23,206
Loans receivable:
Ending balance		$	437,012		$	172,875		$	1,794,355		$	348,911		$	90,085		$	2,843,238
Individually evaluated - collateral dependent - real estate			9						847			1,058						1,914
Individually evaluated - collateral dependent - non-real estate			12															12
Collectively evaluated			436,991			172,875			1,793,508			347,853			90,085			2,841,312



(Dollars in thousands)								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


		June 30, 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		$	290		$			$	12		$	302		$	436,710		$	437,012		$
Municipal															172,875			172,875
Real estate:
Commercial			8			94			832			934			1,793,421			1,794,355
Residential			557			487			517			1,561			347,350			348,911			181
Consumer			773			150			100			1,023			89,062			90,085
Total		$	1,628		$	731		$	1,461		$	3,820		$	2,839,418		$	2,843,238		$	181


		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)			June 30, 2023
Balance at December 31, 2022		$	179
Impact of adopting Topic 326			270
Credit recorded in noninterest expense			(356)
Total allowance for credit losses on off balance sheet commitments		$	93