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Loans and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of the composition of the loan portfolio
The following table presents the composition of the loan portfolio:
 
(In thousands)March 31, 2024December 31, 2023
Commercial real estate$930,109 $898,709 
Residential mortgage391,864 394,189 
Commercial and industrial157,085 152,344 
Home equity lines of credit87,475 90,163 
Real estate construction90,331 84,341 
Consumer9,789 9,954 
Gross loans1,666,653 1,629,700 
Unearned income(1,673)(1,712)
Total loans, net of unearned income$1,664,980 $1,627,988 
Schedule of classes of 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
March 31, 2024
Commercial real estate$1,927 $— $347 $2,274 $927,835 $930,109 $32 
Residential mortgage1,704 — 711 2,415 389,449 391,864 535 
Commercial and industrial52 — 158 210 156,875 157,085 — 
Home equity lines of credit257 23 652 932 86,543 87,475 652 
Real estate construction97 12 — 109 90,222 90,331 — 
Consumer— — — — 9,789 9,789 — 
Gross Loans$4,037 $35 $1,868 $5,940 $1,660,713 $1,666,653 $1,219 

(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 
Gross Loans$1,927 $735 $1,665 $4,327 $1,625,373 $1,629,700 $1,162 
Schedule of nonaccrual loans by loan portfolio class
Loans individually evaluated consist of nonaccrual loans, presented in the following table: 

(In thousands)With a Related AllowanceWithout a Related AllowanceTotal
March 31, 2024
Commercial real estate$315 $1,107 $1,422 
Residential mortgage— 176 176 
Commercial and industrial937 — 937 
Home equity lines of credit— 181 181 
 $1,252 $1,464 $2,716 
December 31, 2023
Commercial real estate$315 $1,164 $1,479 
Residential mortgage— 343 343 
Commercial and industrial1,004 — 1,004 
Home equity lines of credit— 185 185 
$1,319 $1,692 $3,011 
Schedule of Nonperforming Loans
Total nonperforming loans are as follows:
(In thousands)March 31, 2024December 31, 2023
Nonaccrual loans$2,716 $3,011 
Greater than or equal to 90 days past due and still accruing1,219 1,162 
Total nonperforming loans$3,935 $4,173 
Financing Receivable, Amortized Cost Basis The following table presents the amortized cost basis of individually evaluated loans as of the periods presented:
Type of Collateral
(In thousands)Business AssetsReal Estate
March 31, 2024
Commercial real estate$— $1,422 
Residential mortgage— 176 
Commercial and industrial937 — 
Home equity lines of credit— 181 
Total$937 $1,779 
December 31, 2023
Commercial real estate$— $1,479 
Residential mortgage— 343 
Commercial and industrial1,004 — 
Home equity lines of credit— 185 
Total$1,004 $2,007 
Schedule of expected commercial loan modifications
The following presents the performance of loans modified in the previous twelve months as of March 31, 2024:

(In thousands)Current30-89 Days Past Due≥ 90 Days
Past Due		Total Past Due
Commercial and industrial$292 $— $— $— 
Financing Receivable, Loan Portfolio Class
The following summarizes designated internal risk categories by portfolio segment for loans assigned a risk rating and those evaluated based on the performance status:
March 31, 2024
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost Basis
(In thousands)20242023202220212020PriorTotal
Internally Risk Rated:
Commercial real estate
Pass$45,462 $135,864 $154,328 $129,033 $58,625 $343,722 $13,858 $880,892 
Special Mention— 1,960 5,082 6,422 2,220 23,578 1,530 40,792 
Substandard— — — — 1,518 6,907 — 8,425 
Total Commercial real estate$45,462 $137,824 $159,410 $135,455 $62,363 $374,207 $15,388 $930,109 
Residential mortgage
Pass$4,161 $39,225 $25,230 $40,049 $14,573 $35,849 $339 $159,426 
Special Mention— 584 82 587 389 3,211 78 4,931 
Substandard— — — — — 245 — 245 
Total Residential Mortgage$4,161 $39,809 $25,312 $40,636 $14,962 $39,305 $417 $164,602 
Commercial and industrial
Pass$2,286 $11,844 $23,167 $33,374 $15,172 $30,579 $31,721 $148,143 
Special Mention37 167 297 268 480 547 1,812 3,608 
Substandard— 432 109 472 16 1,463 2,842 5,334 
Total Commercial and industrial$2,323 $12,443 $23,573 $34,114 $15,668 $32,589 $36,375 $157,085 
Home equity lines of credit
Pass$— $299 $97 $— $— $128 $5,832 $6,356 
Special Mention— — — — — — 742 742 
Substandard— — — — — 355 — 355 
Total Home equity lines of credit$— $299 $97 $— $— $483 $6,574 $7,453 
Real estate construction
Pass$1,310 $25,096 $43,661 $2,353 $329 $1,155 $6,103 $80,007 
Special Mention— — 459 — — 706 — 1,165 
Substandard— — — — — 67 — 67 
Total Real estate construction$1,310 $25,096 $44,120 $2,353 $329 $1,928 $6,103 $81,239 
Performance Rated:
Residential mortgage
Performing$2,376 $36,651 $44,113 $14,262 $15,728 $113,526 $71 $226,727 
Nonperforming— — — — — 535 — 535 
Total Residential Mortgage$2,376 $36,651 $44,113 $14,262 $15,728 $114,061 $71 $227,262 
Home equity lines of credit
Performing$— $22 $37 $— $13 $3,746 $75,552 $79,370 
Nonperforming— — — — — 1 651 652 
Total Home equity lines of credit$— $22 $37 $— $13 $3,747 $76,203 $80,022 
Consumer
Performing$512 $2,085 $2,471 $677 $460 $1,180 $2,404 $9,789 
Total Consumer$512 $2,085 $2,471 $677 $460 $1,180 $2,404 $9,789 
Year-to-date gross charge-offs$— $— $5 $— $— $— $55 $60 
Real estate construction
Performing$1,561 $5,400 $748 $172 $204 $1,005 $2 $9,092 
Total Real estate construction$1,561 $5,400 $748 $172 $204 $1,005 $2 $9,092 
Total Portfolio loans:
Pass$53,219 $212,328 $246,483 $204,809 $88,699 $411,433 $57,853 $1,274,824 
Special Mention37 2,711 5,920 7,277 3,089 28,042 4,162 51,238 
Substandard— 432 109 472 1,534 9,037 2,842 14,426 
Performing4,449 44,158 47,369 15,111 16,405 119,457 78,029 324,978 
Nonperforming— — — — — 536 651 1,187 
Total Portfolio loans$57,705 $259,629 $299,881 $227,669 $109,727 $568,505 $143,537 $1,666,653 
Year-to-date gross charge-offs$— $— $5 $— $— $— $55 $60 
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 
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 
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 
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 
Summary of allowance for loan losses and recorded investment in loans receivable
The following table presents the activity in the ACL by loan portfolio segment:
(In thousands)Commercial
Real Estate		Residential
Mortgage		Commercial
and
Industrial		Home Equity
Lines of
Credit		Real Estate
Construction		ConsumerUnallocatedTotal
Three Months Ended March 31, 2024     
Beginning balance - January 1, 2024$12,010 $3,303 $2,048 $397 $2,070 $141 $— $19,969 
Charge-offs— — — — — (60)— (60)
Recoveries— — 15 — — 25 — 40 
Provisions (credits)230 (76)(103)(83)243 12 — 223 
Ending balance - March 31, 2024$12,240 $3,227 $1,960 $314 $2,313 $118 $— $20,172 
Three Months Ended March 31, 2023     
Beginning balance - January 1, 2023$10,016 $3,029 $2,848 $347 $1,000 $376 $245 $17,861 
Impact of CECL adoption1,106 297 (762)17 1,347 (142)(245)1,618 
Charge-offs— — (29)— — (88)— (117)
Recoveries— — 1 — — 25 — 26 
Provisions(90)40 47 15 118 (33)— 97 
Ending balance - March 31, 2023$11,032 $3,366 $2,105 $379 $2,465 $138 $— $19,485