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Loans and Allowance for Credit Losses | 6 Months Ended
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Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Loans and Allowance for Credit Losses | Loans and Allowance for Credit Losses The following table presents the composition of the loan portfolio:
(In thousands) | June 30, 2024 |  | December 31, 2023
Commercial real estate | $ | 950,086 |  |  | $ | 898,709 |
Residential mortgage | 397,466 |  |  | 394,189 |
Commercial and industrial | 149,080 |  |  | 152,344 |
Home equity lines of credit | 84,858 |  |  | 90,163 |
Real estate construction | 89,780 |  |  | 84,341 |
Consumer | 9,888 |  |  | 9,954 |
Gross loans | 1,681,158 |  |  | 1,629,700 |
Unearned income | (1,558) |  |  | (1,712) |
Total loans, net of unearned income | $ | 1,679,600 |  |  | $ | 1,627,988 |
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
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 214 |  |  | $ | — |  |  | $ | 346 |  |  | $ | 560 |  |  | $ | 949,526 |  |  | $ | 950,086 |  |  | $ | 32 |
Residential mortgage | 170 |  |  | 389 |  |  | 678 |  |  | 1,237 |  |  | 396,229 |  |  | 397,466 |  |  | 505 |
Commercial and industrial | 653 |  |  | 56 |  |  | 157 |  |  | 866 |  |  | 148,214 |  |  | 149,080 |  |  | — |
Home equity lines of credit | 443 |  |  | 12 |  |  | 207 |  |  | 662 |  |  | 84,196 |  |  | 84,858 |  |  | 207 |
Real estate construction | 16 |  |  | 12 |  |  | — |  |  | 28 |  |  | 89,752 |  |  | 89,780 |  |  | — |
Consumer | 16 |  |  | 4 |  |  | — |  |  | 20 |  |  | 9,868 |  |  | 9,888 |  |  | — |
Gross Loans | $ | 1,512 |  |  | $ | 473 |  |  | $ | 1,388 |  |  | $ | 3,373 |  |  | $ | 1,677,785 |  |  | $ | 1,681,158 |  |  | $ | 744 |
(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 |
Gross Loans | $ | 1,927 |  |  | $ | 735 |  |  | $ | 1,665 |  |  | $ | 4,327 |  |  | $ | 1,625,373 |  |  | $ | 1,629,700 |  |  | $ | 1,162 |
Nonaccrual and Nonperforming Loans Loans individually evaluated consist of nonaccrual loans, presented in the following table:
(In thousands) | With a Related Allowance |  | Without a Related Allowance |  | Total
June 30, 2024 |  |  |  |  |
Commercial real estate | $ | 314 |  |  | $ | 1,062 |  |  | $ | 1,376 |
Residential mortgage | — |  |  | 172 |  |  | 172 |
Commercial and industrial | 670 |  |  | — |  |  | 670 |
Home equity lines of credit | — |  |  | 174 |  |  | 174 |
| $ | 984 |  |  | $ | 1,408 |  |  | $ | 2,392 |
December 31, 2023 |  |  |  |  |
Commercial real estate | $ | 315 |  |  | $ | 1,164 |  |  | $ | 1,479 |
Residential mortgage | — |  |  | 343 |  |  | 343 |
Commercial and industrial | 1,004 |  |  | — |  |  | 1,004 |
Home equity lines of credit | — |  |  | 185 |  |  | 185 |
| $ | 1,319 |  |  | $ | 1,692 |  |  | $ | 3,011 |
During the three and six months ended June 30, 2024, no material amount of interest income was recognized on nonaccrual loans subsequent to their classification as nonaccrual. Total nonperforming loans are as follows:
(In thousands) | June 30, 2024 |  | December 31, 2023
Nonaccrual loans | $ | 2,392 |  |  | $ | 3,011 |
Greater than or equal to 90 days past due and accruing | 744 |  |  | 1,162 |
Total nonperforming loans | $ | 3,136 |  |  | $ | 4,173 |
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. 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. The following table presents the amortized cost basis of individually evaluated loans as of the periods presented:
| Type of Collateral
(In thousands) | Business Assets |  | Real Estate
June 30, 2024 |  |  |
Commercial real estate | $ | — |  |  | $ | 1,376 |
Residential mortgage | — |  |  | 172 |
Commercial and industrial | 670 |  |  | — |
Home equity lines of credit | — |  |  | 174 |
Total | $ | 670 |  |  | $ | 1,722 |
December 31, 2023 |  |  |
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 residential mortgages and home equity lines of credit which are well secured by residential real estate properties and are in the process of collection are not considered nonaccrual, however, formal foreclosure proceedings are in process. These loans totaled $1.0 million at June 30, 2024 and $1.3 million at December 31, 2023 and are included in nonperforming loans if they are greater than or equal to 90 days past due. Loan Modifications 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, or combinations of the above. Therefore, the disclosures related to loan restructurings are only for modifications that directly affect cash flows. During both the six months ended June 30, 2024 and 2023, the Corporation did not modify any loans nor were there any commitments to lend any additional funds on existing modified loans. The following presents the performance of loans modified in the previous twelve months as of June 30, 2024:
(In thousands) | Current |  |  |  | 30-89 Days Past Due |  | ≥ 90 Days Past Due |  | Total Past Due
Commercial and industrial | $ | 259 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |
As of June 30, 2024, the Corporation had 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. 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 ACL consists of loans evaluated collectively and individually for expected credit losses. The Corporation considers the performance of the loan portfolio and its impact on the ACL and 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 Corporation 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 assigned a risk rating and those evaluated based on the performance status:
| June 30, 2024
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans Amortized Cost Basis |  |
(In thousands) | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  | Total
Internally Risk Rated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 83,987 |  |  | $ | 134,961 |  |  | $ | 156,662 |  |  | $ | 128,043 |  |  | $ | 57,944 |  |  | $ | 331,428 |  |  | $ | 15,672 |  |  | $ | 908,697 |
Special Mention | 42 |  |  | 2,424 |  |  | 4,079 |  |  | 5,931 |  |  | 1,992 |  |  | 16,887 |  |  | 1,735 |  |  | 33,090 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 1,507 |  |  | 6,792 |  |  | — |  |  | 8,299 |
Total Commercial real estate | $ | 84,029 |  |  | $ | 137,385 |  |  | $ | 160,741 |  |  | $ | 133,974 |  |  | $ | 61,443 |  |  | $ | 355,107 |  |  | $ | 17,407 |  |  | $ | 950,086 |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 11,954 |  |  | $ | 38,229 |  |  | $ | 24,251 |  |  | $ | 39,571 |  |  | $ | 14,258 |  |  | $ | 34,039 |  |  | $ | 298 |  |  | $ | 162,600 |
Special Mention | — |  |  | 990 |  |  | 273 |  |  | 581 |  |  | 248 |  |  | 3,267 |  |  | 94 |  |  | 5,453 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 241 |  |  | — |  |  | 241 |
Total Residential Mortgage | $ | 11,954 |  |  | $ | 39,219 |  |  | $ | 24,524 |  |  | $ | 40,152 |  |  | $ | 14,506 |  |  | $ | 37,547 |  |  | $ | 392 |  |  | $ | 168,294 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 6,787 |  |  | $ | 11,578 |  |  | $ | 22,118 |  |  | $ | 32,936 |  |  | $ | 13,782 |  |  | $ | 26,669 |  |  | $ | 26,920 |  |  | $ | 140,790 |
Special Mention | 179 |  |  | 160 |  |  | 285 |  |  | 221 |  |  | 156 |  |  | 498 |  |  | 2,078 |  |  | 3,577 |
Substandard | — |  |  | 422 |  |  | 101 |  |  | 406 |  |  | 16 |  |  | 1,397 |  |  | 2,371 |  |  | 4,713 |
Total Commercial and industrial | $ | 6,966 |  |  | $ | 12,160 |  |  | $ | 22,504 |  |  | $ | 33,563 |  |  | $ | 13,954 |  |  | $ | 28,564 |  |  | $ | 31,369 |  |  | $ | 149,080 |
Home equity lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | — |  |  | $ | 297 |  |  | $ | 95 |  |  | $ | — |  |  | $ | — |  |  | $ | 284 |  |  | $ | 5,235 |  |  | $ | 5,911 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 717 |  |  | 717 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 181 |  |  | — |  |  | 181 |
Total Home equity lines of credit | $ | — |  |  | $ | 297 |  |  | $ | 95 |  |  | $ | — |  |  | $ | — |  |  | $ | 465 |  |  | $ | 5,952 |  |  | $ | 6,809 |
Real estate construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 5,830 |  |  | $ | 28,610 |  |  | $ | 38,226 |  |  | $ | 1,233 |  |  | $ | 314 |  |  | $ | 1,127 |  |  | $ | 6,239 |  |  | $ | 81,579 |
Special Mention | — |  |  | — |  |  | 284 |  |  | — |  |  | — |  |  | 694 |  |  | 26 |  |  | 1,004 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 65 |  |  | — |  |  | 65 |
Total Real estate construction | $ | 5,830 |  |  | $ | 28,610 |  |  | $ | 38,510 |  |  | $ | 1,233 |  |  | $ | 314 |  |  | $ | 1,886 |  |  | $ | 6,265 |  |  | $ | 82,648 |
Performance Rated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 8,101 |  |  | $ | 39,369 |  |  | $ | 42,477 |  |  | $ | 14,087 |  |  | $ | 15,413 |  |  | $ | 109,150 |  |  | $ | 70 |  |  | $ | 228,667 |
Nonperforming | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 505 |  |  | — |  |  | 505 |
Total Residential Mortgage | $ | 8,101 |  |  | $ | 39,369 |  |  | $ | 42,477 |  |  | $ | 14,087 |  |  | $ | 15,413 |  |  | $ | 109,655 |  |  | $ | 70 |  |  | $ | 229,172 |
Home equity lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | — |  |  | $ | 21 |  |  | $ | 36 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 3,343 |  |  | $ | 74,430 |  |  | $ | 77,842 |
Nonperforming | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 207 |  |  | 207 |
Total Home equity lines of credit | $ | — |  |  | $ | 21 |  |  | $ | 36 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 3,343 |  |  | $ | 74,637 |  |  | $ | 78,049 |
Real estate construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 1,970 |  |  | $ | 3,073 |  |  | $ | 742 |  |  | $ | 169 |  |  | $ | 199 |  |  | $ | 978 |  |  | $ | 1 |  |  | $ | 7,132 |
Total Real estate construction | $ | 1,970 |  |  | $ | 3,073 |  |  | $ | 742 |  |  | $ | 169 |  |  | $ | 199 |  |  | $ | 978 |  |  | $ | 1 |  |  | $ | 7,132 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 1,169 |  |  | $ | 1,856 |  |  | $ | 2,260 |  |  | $ | 611 |  |  | $ | 378 |  |  | $ | 1,025 |  |  | $ | 2,589 |  |  | $ | 9,888 |
Total Consumer | $ | 1,169 |  |  | $ | 1,856 |  |  | $ | 2,260 |  |  | $ | 611 |  |  | $ | 378 |  |  | $ | 1,025 |  |  | $ | 2,589 |  |  | $ | 9,888 |
Year-to-date gross charge-offs | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 7 |  |  | $ | 100 |  |  | $ | 112 |
Total Portfolio loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 108,558 |  |  | $ | 213,675 |  |  | $ | 241,352 |  |  | $ | 201,783 |  |  | $ | 86,298 |  |  | $ | 393,547 |  |  | $ | 54,364 |  |  | $ | 1,299,577 |
Special Mention | 221 |  |  | 3,574 |  |  | 4,921 |  |  | 6,733 |  |  | 2,396 |  |  | 21,346 |  |  | 4,650 |  |  | 43,841 |
Substandard | — |  |  | 422 |  |  | 101 |  |  | 406 |  |  | 1,523 |  |  | 8,676 |  |  | 2,371 |  |  | 13,499 |
Performing | 11,240 |  |  | 44,319 |  |  | 45,515 |  |  | 14,867 |  |  | 16,002 |  |  | 114,496 |  |  | 77,090 |  |  | 323,529 |
Nonperforming | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 505 |  |  | 207 |  |  | 712 |
Total Portfolio loans | $ | 120,019 |  |  | $ | 261,990 |  |  | $ | 291,889 |  |  | $ | 223,789 |  |  | $ | 106,219 |  |  | $ | 538,570 |  |  | $ | 138,682 |  |  | $ | 1,681,158 |
Year-to-date gross charge-offs | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 7 |  |  | $ | 100 |  |  | $ | 112 |
| 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 |
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 |
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 |
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 |
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 |
During the three months ended June 30, 2024, the Corporation revised estimates driven by a realignment of the peer group used for the CECL allowance process, an update to loss driver factors from third-party data, and an update to the application of prepayment and curtailment rate studies since implementation of CECL on January 1, 2023. These estimates, which were based on more current information available as of June 30, 2024, drive input assumptions which are used in the determination of the Corporation’s allowance for credit losses and the reserve for unfunded commitments. These updated estimates were the primary drivers for a $3.0 million and $259 thousand reversal of the provisions for credit losses and unfunded commitments, respectively, for the three months ended June 30, 2024 and a $2.8 million and $410 thousand reversal of the provisions for credit losses and for unfunded commitments, respectively, for the six months ended June 30, 2024. 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 |  | Consumer |  | Unallocated |  | Total
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance - April 1, 2024 | $ | 12,240 |  |  | $ | 3,227 |  |  | $ | 1,960 |  |  | $ | 314 |  |  | $ | 2,313 |  |  | $ | 118 |  |  | $ | — |  |  | $ | 20,172 |
Charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (52) |  |  | — |  |  | (52) |
Recoveries | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | 32 |
Provisions (credits) | (2,044) |  |  | (388) |  |  | (498) |  |  | (2) |  |  | (66) |  |  | 8 |  |  | — |  |  | (2,990) |
Ending balance - June 30, 2024 | $ | 10,196 |  |  | $ | 2,839 |  |  | $ | 1,465 |  |  | $ | 312 |  |  | $ | 2,247 |  |  | $ | 103 |  |  | $ | — |  |  | $ | 17,162 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance - January 1, 2024 | $ | 12,010 |  |  | $ | 3,303 |  |  | $ | 2,048 |  |  | $ | 397 |  |  | $ | 2,070 |  |  | $ | 141 |  |  | $ | — |  |  | $ | 19,969 |
Charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (112) |  |  | — |  |  | (112) |
Recoveries | — |  |  | — |  |  | 18 |  |  | — |  |  | — |  |  | 54 |  |  | — |  |  | 72 |
Provisions (credits) | (1,814) |  |  | (464) |  |  | (601) |  |  | (85) |  |  | 177 |  |  | 20 |  |  | — |  |  | (2,767) |
Ending balance - June 30, 2024 | $ | 10,196 |  |  | $ | 2,839 |  |  | $ | 1,465 |  |  | $ | 312 |  |  | $ | 2,247 |  |  | $ | 103 |  |  | $ | — |  |  | $ | 17,162 |
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance - April 1, 2023 | $ | 11,032 |  |  | $ | 3,366 |  |  | $ | 2,105 |  |  | $ | 379 |  |  | $ | 2,465 |  |  | $ | 138 |  |  | $ | — |  |  | $ | 19,485 |
Charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (82) |  |  | — |  |  | (82) |
Recoveries | — |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 18 |
Provisions | 696 |  |  | (291) |  |  | (173) |  |  | 9 |  |  | (580) |  |  | 66 |  |  | — |  |  | (273) |
Ending balance - June 30, 2023 | $ | 11,728 |  |  | $ | 3,075 |  |  | $ | 1,941 |  |  | $ | 388 |  |  | $ | 1,885 |  |  | $ | 131 |  |  | $ | — |  |  | $ | 19,148 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance - January 1, 2023 | $ | 10,016 |  |  | $ | 3,029 |  |  | $ | 2,848 |  |  | $ | 347 |  |  | $ | 1,000 |  |  | $ | 376 |  |  | $ | 245 |  |  | $ | 17,861 |
Impact of CECL adoption | 1,106 |  |  | 297 |  |  | (762) |  |  | 17 |  |  | 1,347 |  |  | (142) |  |  | (245) |  |  | 1,618 |
Charge-offs | — |  |  | — |  |  | (29) |  |  | — |  |  | — |  |  | (170) |  |  | — |  |  | (199) |
Recoveries | — |  |  | — |  |  | 10 |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 44 |
Provisions | 606 |  |  | (251) |  |  | (126) |  |  | 24 |  |  | (462) |  |  | 33 |  |  | — |  |  | (176) |
Ending balance - June 30, 2023 | $ | 11,728 |  |  | $ | 3,075 |  |  | $ | 1,941 |  |  | $ | 388 |  |  | $ | 1,885 |  |  | $ | 131 |  |  | $ | — |  |  | $ | 19,148 |

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- Definition The entire disclosure for claims held for amounts due to 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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