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LOANS AND ALLOWANCE FOR CREDIT LOSSES | 12 Months Ended
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Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
LOANS AND ALLOWANCE FOR CREDIT LOSSES | LOANS AND ALLOWANCE FOR CREDIT LOSSES The composition of the loan portfolio as of December 31:
(In thousands) |  | 2023 |  | 2022
Commercial real estate |  | $ | 898,709 |  |  | $ | 824,111 |
Residential mortgage |  | 394,189 |  |  | 361,905 |
Commercial and industrial |  | 152,344 |  |  | 180,958 |
Home equity lines of credit |  | 90,163 |  |  | 83,463 |
Real estate construction |  | 84,341 |  |  | 80,491 |
Consumer |  | 9,954 |  |  | 11,336 |
Gross loans |  | 1,629,700 |  |  | 1,542,264 |
Unearned income |  | (1,712) |  |  | (3,654) |
Total loans, net of unearned income |  | $ | 1,627,988 |  |  | $ | 1,538,610 |
The Bank has granted loans to certain of its executive officers, directors and their related interests. These loans were made on substantially the same basis, including interest rates and collateral as those prevailing for comparable transactions with other borrowers at the same time. None of these loans were past due, in nonaccrual status, or restructured at December 31, 2023. Following is a summary of the activity for these related-party loans:
(In thousands) |  | 2023
Balance at January 1 |  | $ | 5,950 |
New loans (1) |  | 344 |
Repayments (1) |  | 987 |
Balance at December 31 |  | $ | 5,307 |
———————————————— (1) Includes one additional loan and the removal of one loan due to changes in executive management and directors. One of the factors used to monitor the performance and credit quality of the loan portfolio is to analyze the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due status:
(In thousands) |  | 30–59 Days Past Due |  | 60–89 Days Past Due |  | >90 Days Past Due |  | Total Past Due |  | Current |  | Total Loans Receivable |  | Loans Receivable >90 Days and Accruing
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 150 |  |  | $ | 347 |  |  | $ | — |  |  | $ | 497 |  |  | $ | 898,212 |  |  | $ | 898,709 |  |  | $ | — |
Residential mortgage |  | 1,293 |  |  | 388 |  |  | 849 |  |  | 2,530 |  |  | 391,659 |  |  | 394,189 |  |  | 505 |
Commercial and industrial |  | 50 |  |  | — |  |  | 159 |  |  | 209 |  |  | 152,135 |  |  | 152,344 |  |  | — |
Home equity lines of credit |  | 414 |  |  | — |  |  | 654 |  |  | 1,068 |  |  | 89,095 |  |  | 90,163 |  |  | 654 |
Real estate construction |  | 12 |  |  | — |  |  | — |  |  | 12 |  |  | 84,329 |  |  | 84,341 |  |  | — |
Consumer |  | 8 |  |  | — |  |  | 3 |  |  | 11 |  |  | 9,943 |  |  | 9,954 |  |  | 3 |
Total Loans |  | $ | 1,927 |  |  | $ | 735 |  |  | $ | 1,665 |  |  | $ | 4,327 |  |  | $ | 1,625,373 |  |  | $ | 1,629,700 |  |  | $ | 1,162 |
(In thousands) |  | 30–59 Days Past Due |  | 60–89 Days Past Due |  | >90 Days Past Due |  | Total Past Due |  | Current |  | Total Loans Receivable |  | Loans Receivable >90 Days and Accruing
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 2,026 |  |  | $ | 350 |  |  | $ | 255 |  |  | $ | 2,631 |  |  | $ | 821,480 |  |  | $ | 824,111 |  |  | $ | — |
Residential mortgage |  | 2,969 |  |  | 970 |  |  | 705 |  |  | 4,644 |  |  | 357,261 |  |  | 361,905 |  |  | 705 |
Commercial and industrial |  | 287 |  |  | — |  |  | 162 |  |  | 449 |  |  | 180,509 |  |  | 180,958 |  |  | — |
Home equity lines of credit |  | 438 |  |  | 117 |  |  | 498 |  |  | 1,053 |  |  | 82,410 |  |  | 83,463 |  |  | 498 |
Real estate construction |  | 24 |  |  | — |  |  | — |  |  | 24 |  |  | 80,467 |  |  | 80,491 |  |  | — |
Consumer |  | 155 |  |  | 80 |  |  | — |  |  | 235 |  |  | 11,101 |  |  | 11,336 |  |  | — |
Total Loans |  | $ | 5,899 |  |  | $ | 1,517 |  |  | $ | 1,620 |  |  | $ | 9,036 |  |  | $ | 1,533,228 |  |  | $ | 1,542,264 |  |  | $ | 1,203 |
Allowance for Credit Losses, effective January 1, 2023 As discussed in Note 1, “Summary of Significant Account Polices,” the Corporation adopted CECL effective January 1, 2023. CECL requires estimated credit losses on loans to be determined based on an expected life of loan model, as compared to an incurred loss model, which was in effect for periods prior to 2023. Accordingly, ACL disclosures subsequent to January 1, 2023 are not always comparable to prior periods. In addition, certain new disclosures required under CECL are not applicable to prior periods. As a result, the tables in this disclosure present separately for each period, where appropriate. Under CECL, loans individually evaluated consist of nonaccrual loans. Under the incurred loss model in effect prior to the adoption of CECL, loans evaluated individually for impairment were referred to as impaired loans. The following table presents nonaccrual loans:
|  | December 31, 2023 |  | December 31, 2022
(In thousands) |  | With a Related Allowance |  | Without a Related Allowance |  | Total |  | Total
Commercial real estate |  | $ | 315 |  |  | $ | 1,164 |  |  | $ | 1,479 |  |  | $ | 1,873 |
Residential mortgage |  | — |  |  | 343 |  |  | 343 |  |  | — |
Commercial and industrial |  | 1,004 |  |  | — |  |  | 1,004 |  |  | 781 |
Home equity lines of credit |  | — |  |  | 185 |  |  | 185 |  |  | — |
|  | $ | 1,319 |  |  | $ | 1,692 |  |  | $ | 3,011 |  |  | $ | 2,654 |
No additional funds are committed to be advanced in connection with individually evaluated loans. If interest on all nonaccrual loans had been accrued at original contract rates, interest income would have increased by $302 thousand in 2023 and $410 thousand in 2022. One accruing TDR was included in the table above as of December 31, 2022. That loan was moved to performing status during 2023 due to its loan repayment history . Total nonperforming loans at December 31 are as follows:
(In thousands) |  | 2023 |  | 2022
Nonaccrual loans |  | $ | 3,011 |  |  | $ | 2,654 |
Greater than 90 days past due and still accruing |  | 1,162 |  |  | 1,203 |
Total nonperforming loans |  | $ | 4,173 |  |  | $ | 3,857 |
Loan Modifications On January 1, 2023, the Corporation adopted the accounting guidance in ASU 2022-02, which eliminated the recognition and measurement of TDRs. Due to the removal of the TDR designation, the Corporation evaluates all loan restructurings according to the accounting guidance for loan modifications to determine if the restructuring results in a new loan or a continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the above. Therefore, the disclosures related to loan restructurings are only for modifications that directly affect cash flows. Loans modified as of December 31, 2023 were as follows:
(In thousands) |  | Term Extension |  |  |  | % of Total Class of Financing Receivable
Commercial and industrial |  | $ | 549 |  |  |  |  | 0.4 | %
As of December 31, 2023, the Corporation had no commitments to lend any additional funds on modified loans. There were no loans that defaulted during the period that had been modified preceding the payment default when the borrower was experiencing financial difficulty at the time of modification. For purposes of this disclosure, a default occurs when, within 12 months of the original modification, either a full or partial charge-off occurs or the loan becomes 90 days or more past due. Collateral-Dependent Loans A loan is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Corporation elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. In most cases, the Corporation records a partial charge-off to reduce the collateral-dependent loan’s carrying value to the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent loans consists of various types of real estate, including residential properties, commercial properties, such as retail centers, office buildings, and lodging, agriculture land, and vacant land. The following table presents the amortized cost basis of individually evaluated loans as of December 31, 2023. Changes in the fair value of the collateral for individually evaluated loans are reported as provision for credit losses or a reversal of provision for credit losses in the period of change.
|  | December 31, 2023
|  | Type of Collateral
(In thousands) |  | Business Assets |  | Real Estate
Commercial real estate |  | $ | — |  |  | $ | 1,479 |
Residential mortgage |  | — |  |  | 343 |
Commercial and industrial |  | 1,004 |  |  | — |
Home equity lines of credit |  | — |  |  | 185 |
Total |  | $ | 1,004 |  |  | $ | 2,007 |
Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process at December 31, 2023 and December 31, 2022, totaled $1.3 million and $1.1 million, respectively. Allowance for Credit Losses The Corporation maintains an ACL at a level determined to be adequate to absorb expected credit losses associated with the Corporation’s financial instruments over the life of those instruments as of the balance sheet date. The Corporation’s systematic ACL methodology is based on the following portfolio segments: commercial real estate, residential mortgage, commercial and industrial, home equity lines of credit, real estate construction and consumer. The Corporation’s loan portfolio is segmented by loan types that have similar risk characteristics, type of collateral and behave similarly during economic cycles. The segmentation in the CECL model is different from the segmentation in the incurred loss model, however there was minimal impact on the presentation of the financial statement disclosures. See Note 1 “Summary of Significant Accounting Policies” for discussion of the key risks by portfolio segment that management assesses in preparing the ACL. The Bank considers the performance of the loan portfolio and its impact on the ACL. The Bank does not assign internal risk ratings to smaller balance, homogeneous loans such as certain residential mortgage, home equity lines of credit, construction loans to individuals secured by residential real estate and consumer loans. For these loans, the Bank evaluates credit quality based on the aging status of the loan and designates as performing and nonperforming. The following summarizes designated internal risk categories by portfolio segment for loans that the Bank assigns a risk rating and those that Bank evaluates based on the performance status:
|  | December 31, 2023
|  | Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  |
(In thousands) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  | Total
Internally Risk Rated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 136,158 |  |  | $ | 152,767 |  |  | $ | 130,994 |  |  | $ | 60,918 |  |  | $ | 65,856 |  |  | $ | 287,026 |  |  | $ | 13,636 |  |  | $ | 847,355 |
Special Mention |  | 1,927 |  |  | 6,385 |  |  | 5,920 |  |  | 1,904 |  |  | 8,222 |  |  | 16,244 |  |  | 1,994 |  |  | 42,596 |
Substandard |  | — |  |  | — |  |  | — |  |  | 1,530 |  |  | 704 |  |  | 6,524 |  |  | — |  |  | 8,758 |
Total Commercial real estate |  | $ | 138,085 |  |  | $ | 159,152 |  |  | $ | 136,914 |  |  | $ | 64,352 |  |  | $ | 74,782 |  |  | $ | 309,794 |  |  | $ | 15,630 |  |  | $ | 898,709 |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 39,146 |  |  | $ | 27,612 |  |  | $ | 41,031 |  |  | $ | 14,758 |  |  | $ | 10,492 |  |  | $ | 27,274 |  |  | $ | 402 |  |  | $ | 160,715 |
Special Mention |  | 588 |  |  | 82 |  |  | 593 |  |  | 397 |  |  | 826 |  |  | 2,457 |  |  | 62 |  |  | 5,005 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 218 |  |  | — |  |  | 218 |
Total Residential Mortgage |  | $ | 39,734 |  |  | $ | 27,694 |  |  | $ | 41,624 |  |  | $ | 15,155 |  |  | $ | 11,318 |  |  | $ | 29,949 |  |  | $ | 464 |  |  | $ | 165,938 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 12,319 |  |  | $ | 24,259 |  |  | $ | 34,830 |  |  | $ | 15,614 |  |  | $ | 13,922 |  |  | $ | 17,780 |  |  | $ | 25,147 |  |  | $ | 143,871 |
Special Mention |  | 128 |  |  | 303 |  |  | 290 |  |  | 529 |  |  | 140 |  |  | 459 |  |  | 2,014 |  |  | 3,863 |
Substandard |  | 7 |  |  | 135 |  |  | 499 |  |  | 91 |  |  | 9 |  |  | 1,597 |  |  | 2,272 |  |  | 4,610 |
Total Commercial and industrial |  | $ | 12,454 |  |  | $ | 24,697 |  |  | $ | 35,619 |  |  | $ | 16,234 |  |  | $ | 14,071 |  |  | $ | 19,836 |  |  | $ | 29,433 |  |  | $ | 152,344 |
Year-to-date gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 110 |  |  | $ | — |  |  | $ | 110 |
Real estate construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 19,766 |  |  | $ | 39,758 |  |  | $ | 3,953 |  |  | $ | 1,160 |  |  | $ | — |  |  | $ | 2,604 |  |  | $ | 8,003 |  |  | $ | 75,244 |
Special Mention |  | — |  |  | 465 |  |  | — |  |  | 92 |  |  | — |  |  | 725 |  |  | — |  |  | 1,282 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 69 |  |  | — |  |  | 69 |
Total Real estate construction |  | $ | 19,766 |  |  | $ | 40,223 |  |  | $ | 3,953 |  |  | $ | 1,252 |  |  | $ | — |  |  | $ | 3,398 |  |  | $ | 8,003 |  |  | $ | 76,595 |
Home equity lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 300 |  |  | $ | 99 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 131 |  |  | $ | 5,235 |  |  | $ | 5,765 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 727 |  |  | 727 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 362 |  |  | — |  |  | 362 |
Total Home equity lines of credit |  | $ | 300 |  |  | $ | 99 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 493 |  |  | $ | 5,962 |  |  | $ | 6,854 |
Performance Rated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 33,884 |  |  | $ | 45,221 |  |  | $ | 14,878 |  |  | $ | 16,184 |  |  | $ | 9,059 |  |  | $ | 108,021 |  |  | $ | 156 |  |  | $ | 227,403 |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 848 |  |  | — |  |  | 848 |
Total Residential Mortgage |  | $ | 33,884 |  |  | $ | 45,221 |  |  | $ | 14,878 |  |  | $ | 16,184 |  |  | $ | 9,059 |  |  | $ | 108,869 |  |  | $ | 156 |  |  | $ | 228,251 |
Home equity lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 23 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 13 |  |  | $ | 94 |  |  | $ | 4,742 |  |  | $ | 77,745 |  |  | $ | 82,655 |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 92 |  |  | 562 |  |  | 654 |
Total Home equity lines of credit |  | $ | 23 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 13 |  |  | $ | 94 |  |  | $ | 4,834 |  |  | $ | 78,307 |  |  | $ | 83,309 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 2,351 |  |  | $ | 2,685 |  |  | $ | 778 |  |  | $ | 522 |  |  | $ | 271 |  |  | $ | 1,085 |  |  | $ | 2,259 |  |  | $ | 9,951 |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 3 |
Total Consumer |  | $ | 2,351 |  |  | $ | 2,685 |  |  | $ | 778 |  |  | $ | 522 |  |  | $ | 271 |  |  | $ | 1,085 |  |  | $ | 2,262 |  |  | $ | 9,954 |
Year-to-date gross charge-offs |  | $ | 48 |  |  | $ | 83 |  |  | $ | 42 |  |  | $ | 55 |  |  | $ | 23 |  |  | $ | 78 |  |  | $ | 67 |  |  | $ | 396 |
Real estate construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 5,571 |  |  | $ | 753 |  |  | $ | 175 |  |  | $ | 210 |  |  | $ | 170 |  |  | $ | 867 |  |  | $ | — |  |  | $ | 7,746 |
Total Real estate construction |  | $ | 5,571 |  |  | $ | 753 |  |  | $ | 175 |  |  | $ | 210 |  |  | $ | 170 |  |  | $ | 867 |  |  | $ | — |  |  | $ | 7,746 |
Total Portfolio loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 207,689 |  |  | $ | 244,495 |  |  | $ | 210,808 |  |  | $ | 92,450 |  |  | $ | 90,270 |  |  | $ | 334,815 |  |  | $ | 52,423 |  |  | $ | 1,232,950 |
Special Mention |  | 2,643 |  |  | 7,235 |  |  | 6,803 |  |  | 2,922 |  |  | 9,188 |  |  | 19,885 |  |  | 4,797 |  |  | 53,473 |
Substandard |  | 7 |  |  | 135 |  |  | 499 |  |  | 1,621 |  |  | 713 |  |  | 8,770 |  |  | 2,272 |  |  | 14,017 |
Performing |  | 41,829 |  |  | 48,697 |  |  | 15,831 |  |  | 16,929 |  |  | 9,594 |  |  | 114,715 |  |  | 80,160 |  |  | 327,755 |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 940 |  |  | 565 |  |  | 1,505 |
Total Portfolio loans |  | $ | 252,168 |  |  | $ | 300,562 |  |  | $ | 233,941 |  |  | $ | 113,922 |  |  | $ | 109,765 |  |  | $ | 479,125 |  |  | $ | 140,217 |  |  | $ | 1,629,700 |
Year-to-date gross charge-offs |  | $ | 48 |  |  | $ | 83 |  |  | $ | 42 |  |  | $ | 55 |  |  | $ | 23 |  |  | $ | 188 |  |  | $ | 67 |  |  | $ | 506 |
The information presented in the preceding table is not required to be disclosed for periods prior to the adoption of CECL. The following table presents the most comparable required information, the recorded investment in loan classes by internally assigned risk ratings and loan classes by performing and nonperforming status as of December 31, 2022:
(In thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Real Estate Construction |  | Residential Mortgage |  | Home Equity Lines of Credit |  | Consumer |  | Total
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 175,633 |  |  | $ | 789,017 |  |  | $ | 78,673 |  |  | $ | 355,888 |  |  | $ | 82,366 |  |  | $ | 11,336 |  |  | $ | 1,492,913 |
Special Mention |  | 4,035 |  |  | 29,540 |  |  | 1,818 |  |  | 5,803 |  |  | 712 |  |  | — |  |  | 41,908 |
Substandard |  | 1,290 |  |  | 5,554 |  |  | — |  |  | 214 |  |  | 385 |  |  | — |  |  | 7,443 |
Total Portfolio Loans |  | $ | 180,958 |  |  | $ | 824,111 |  |  | $ | 80,491 |  |  | $ | 361,905 |  |  | $ | 83,463 |  |  | $ | 11,336 |  |  | $ | 1,542,264 |
Performing Loans |  | $ | 180,177 |  |  | $ | 822,238 |  |  | $ | 80,491 |  |  | $ | 361,200 |  |  | $ | 82,965 |  |  | $ | 11,336 |  |  | $ | 1,538,407 |
Nonperforming Loans |  | 781 |  |  | 1,873 |  |  | — |  |  | 705 |  |  | 498 |  |  | — |  |  | 3,857 |
Total Portfolio Loans |  | $ | 180,958 |  |  | $ | 824,111 |  |  | $ | 80,491 |  |  | $ | 361,905 |  |  | $ | 83,463 |  |  | $ | 11,336 |  |  | $ | 1,542,264 |
The following table summarizes the allowance for credit losses by loan portfolio class for the year ended December 31, 2023:
(In thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Real Estate Construction |  | Residential Mortgage |  | Home Equity Lines of Credit |  | Consumer |  | Unallocated |  | Total
Allowance for Credit Losses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance - January 1, 2023 |  | $ | 2,848 |  |  | $ | 10,016 |  |  | $ | 1,000 |  |  | $ | 3,029 |  |  | $ | 347 |  |  | $ | 376 |  |  | $ | 245 |  |  | $ | 17,861 |
Impact of CECL adoption |  | (762) |  |  | 1,106 |  |  | 1,347 |  |  | 297 |  |  | 17 |  |  | (142) |  |  | (245) |  |  | 1,618 |
Charge-offs |  | (110) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (396) |  |  | — |  |  | (506) |
Recoveries |  | 64 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 72 |  |  | — |  |  | 136 |
Provisions (credits) |  | 8 |  |  | 888 |  |  | (277) |  |  | (23) |  |  | 33 |  |  | 231 |  |  | — |  |  | 860 |
Ending balance - December 31, 2023 |  | $ | 2,048 |  |  | $ | 12,010 |  |  | $ | 2,070 |  |  | $ | 3,303 |  |  | $ | 397 |  |  | $ | 141 |  |  | $ | — |  |  | $ | 19,969 |
The following table summarizes the allowance for loan losses by loan portfolio class for the year ended December 31, 2022:
(In thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Real Estate Construction |  | Residential Mortgage |  | Home Equity Lines of Credit |  | Consumer |  | Unallocated |  | Total
Allowance for Loan Losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance - January 1, 2022 |  | $ | 3,176 |  |  | $ | 10,716 |  |  | $ | 616 |  |  | $ | 3,235 |  |  | $ | 501 |  |  | $ | 408 |  |  | $ | 381 |  |  | $ | 19,033 |
Charge-offs |  | (238) |  |  | (831) |  |  | — |  |  | (3) |  |  | (33) |  |  | (181) |  |  | — |  |  | (1,286) |
Recoveries |  | 58 |  |  | — |  |  | — |  |  | 5 |  |  | 22 |  |  | 29 |  |  | — |  |  | 114 |
Provisions (credits) |  | (148) |  |  | 131 |  |  | 384 |  |  | (208) |  |  | (143) |  |  | 120 |  |  | (136) |  |  | — |
Ending balance - December 31, 2022 |  | $ | 2,848 |  |  | $ | 10,016 |  |  | $ | 1,000 |  |  | $ | 3,029 |  |  | $ | 347 |  |  | $ | 376 |  |  | $ | 245 |  |  | $ | 17,861 |
The following summarizes information relative to individually evaluated loans by loan portfolio class as of December 31, 2022:
| Individually Evaluated Loans with Allowance |  | Individually Evaluated Loans with No Allowance
(In thousands) | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Recorded Investment |  | Unpaid Principal Balance
December 31, 2022 |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 781 |  |  | $ | 781 |  |  | $ | 628 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 350 |  |  | 350 |  |  | 192 |  |  | 4,984 |  |  | 4,984 |
Total | $ | 1,131 |  |  | $ | 1,131 |  |  | $ | 820 |  |  | $ | 4,984 |  |  | $ | 4,984 |
The following summarizes information in regards to the average of individually evaluated loans and related interest income by loan portfolio class as of December 31, 2022:
| Individually Evaluated Loans with Allowance |  | Individually Evaluated Loans with No Allowance
(In thousands) | Average Recorded Investment |  | Interest Income |  | Average Recorded Investment |  | Interest Income
December 31, 2022 |  |  |  |  |  |  |
Commercial and industrial | $ | 991 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |
Commercial real estate | 856 |  |  | — |  |  | 5,566 |  |  | 589 |
Total | $ | 1,847 |  |  | $ | — |  |  | $ | 5,568 |  |  | $ | 589 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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