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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Financing Receivable, before Allowance for Credit Loss, Maturity
The composition of the loan portfolio as of December 31:
(In thousands)20232022
Commercial real estate$898,709 $824,111 
Residential mortgage394,189 361,905 
Commercial and industrial152,344 180,958 
Home equity lines of credit90,163 83,463 
Real estate construction84,341 80,491 
Consumer9,954 11,336 
Gross loans1,629,700 1,542,264 
Unearned income(1,712)(3,654)
Total loans, net of unearned income$1,627,988 $1,538,610 
Financing Receivable, Related Party
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.
Loan Portfolio Summarized By The Past Due Status The following tables present the classes of the loan portfolio summarized by the past due status:
(In thousands)30–59 Days Past Due60–89 Days
Past Due		>90 Days
Past Due		Total Past
Due		CurrentTotal Loans
Receivable		Loans
Receivable
>90 Days
and
Accruing
December 31, 2023
Commercial real estate$150 $347 $— $497 $898,212 $898,709 $— 
Residential mortgage1,293 388 849 2,530 391,659 394,189 505 
Commercial and industrial50 — 159 209 152,135 152,344 — 
Home equity lines of credit414 — 654 1,068 89,095 90,163 654 
Real estate construction12 — — 12 84,329 84,341 — 
Consumer8 — 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 Due60–89 Days
Past Due		>90 Days
Past Due		Total Past
Due		CurrentTotal 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 mortgage2,969 970 705 4,644 357,261 361,905 705 
Commercial and industrial287 — 162 449 180,509 180,958 — 
Home equity lines of credit438 117 498 1,053 82,410 83,463 498 
Real estate construction24 — — 24 80,467 80,491 — 
Consumer155 80 — 235 11,101 11,336 — 
Total Loans$5,899 $1,517 $1,620 $9,036 $1,533,228 $1,542,264 $1,203 
Nonaccrual Loans By Classes Of The Loan Portfolio
The following table presents nonaccrual loans: 
December 31, 2023December 31, 2022
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalTotal
Commercial real estate$315 $1,164 $1,479 $1,873 
Residential mortgage— 343 343 — 
Commercial and industrial1,004 — 1,004 781 
Home equity lines of credit— 185 185 — 
 $1,319 $1,692 $3,011 $2,654 
Schedule of Nonperforming Loans
Total nonperforming loans at December 31 are as follows:
(In thousands)20232022
Nonaccrual loans$3,011 $2,654 
Greater than 90 days past due and still accruing1,162 1,203 
Total nonperforming loans$4,173 $3,857 
Schedule of actual loan modifications
Loans modified as of December 31, 2023 were as follows:
(In thousands)Term Extension% of Total Class of Financing Receivable
Commercial and industrial$549 0.4 %
Financing Receivable, Amortized Cost Basis
The following table presents the amortized cost basis of individually evaluated loans as of December 31, 2023. Changes in the fair value of the collateral for individually evaluated loans are reported as provision for credit losses or a reversal of provision for credit losses in the period of change.
December 31, 2023
Type of Collateral
(In thousands)Business AssetsReal Estate
Commercial real estate$— $1,479 
Residential mortgage— 343 
Commercial and industrial1,004 — 
Home equity lines of credit— 185 
Total$1,004 $2,007 
Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating
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 YearRevolving Loans Amortized Cost Basis
(In thousands)20232022202120202019PriorTotal
Internally Risk Rated:
Commercial real estate
Pass$136,158 $152,767 $130,994 $60,918 $65,856 $287,026 $13,636 $847,355 
Special Mention1,927 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 Mention588 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 Mention128 303 290 529 140 459 2,014 3,863 
Substandard7 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 Mention2,643 7,235 6,803 2,922 9,188 19,885 4,797 53,473 
Substandard7 135 499 1,621 713 8,770 2,272 14,017 
Performing41,829 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 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		ConsumerTotal
December 31, 2022
Pass$175,633 $789,017 $78,673 $355,888 $82,366 $11,336 $1,492,913 
Special Mention4,035 29,540 1,818 5,803 712 — 41,908 
Substandard1,290 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 Loans781 1,873 — 705 498 — 3,857 
Total Portfolio Loans$180,958 $824,111 $80,491 $361,905 $83,463 $11,336 $1,542,264 
Financing Receivable, Loan Portfolio Class
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		ConsumerUnallocatedTotal
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)
Recoveries64 — — — — 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		ConsumerUnallocatedTotal
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)
Recoveries58 — — 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 AllowanceIndividually 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 estate350 350 192 4,984 4,984 
Total$1,131 $1,131 $820 $4,984 $4,984 
Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class
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 estate856 — 5,566 589 
Total$1,847 $— $5,568 $589