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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]  
Schedule of Composition of Loan Portfolio

The following table summarizes the composition of our loan portfolio. Total gross loans are recorded net of deferred loan fees and costs, which totaled $3.6 million as of March 31, 2020 and $3.3 million as of December 31, 2019.

 
March 31, 2020 December 31, 2019
(dollars in thousands)       Amount       % of Total       Amount       % of Total
Commercial
Owner occupied RE $      422,124 20.8% $      407,851 21.0%
Non-owner occupied RE 534,846 26.3% 501,878 25.8%
Construction 74,758 3.7% 80,486 4.1%
Business 317,702 15.7% 308,123 15.9%
Total commercial loans 1,349,430 66.5% 1,298,338 66.8%
Consumer
Real estate 427,697 21.1% 398,245 20.5%
Home equity 183,099 9.0% 179,738 9.3%
Construction 45,240 2.2% 41,471 2.1%
Other 24,795 1.2% 25,733 1.3%
Total consumer loans 680,831 33.5% 645,187 33.2%
Total gross loans, net of deferred fees 2,030,261 100.0% 1,943,525 100.0%
Less—allowance for loan losses (22,462 ) (16,642 )
Total loans, net $ 2,007,799 $ 1,926,883
Schedule of Loan Maturity Distribution by Type and Related Interest Rate

The information in the following tables summarizes the loan maturity distribution by type and related interest rate characteristics based on the contractual maturities of individual loans, including loans which may be subject to renewal at their contractual maturity. Renewal of such loans is subject to review and credit approval, as well as modification of terms upon maturity. Actual repayments of loans may differ from the maturities reflected below, because borrowers have the right to prepay obligations with or without prepayment penalties.

 
March 31, 2020
After one
One year but within After five
(dollars in thousands)       or less       five years       years       Total
Commercial
Owner occupied RE $      35,613 143,626 242,885 422,124
Non-owner occupied RE 53,806 276,462 204,578 534,846
Construction 12,178 28,280 34,300 74,758
Business 86,055 151,281 80,366 317,702
Total commercial loans 187,652 599,649 562,129 1,349,430
Consumer
Real estate 15,969 74,920 336,808 427,697
Home equity 8,207 26,334 148,558 183,099
Construction 14,698 1,121 29,421 45,240
Other 5,696 14,763 4,336 24,795
Total consumer loans 44,570 117,138 519,123 680,831
Total gross loans, net of deferred fees $ 232,222 716,787 1,081,252 2,030,261
Loans maturing after one year with:
Fixed interest rates $      1,425,015
Floating interest rates 373,024

 
December 31, 2019
After one
One year but within After five
(dollars in thousands)       or less       five years       years       Total
Commercial
Owner occupied RE $      40,476 147,945 219,430 407,851
Non-owner occupied RE 55,187 267,879 178,812 501,878
Construction 31,035 19,278 30,173 80,486
Business 84,452 146,051 77,620 308,123
Total commercial loans 211,150 581,153 506,035 1,298,338
Consumer
Real estate 16,663 82,445 299,137 398,245
Home equity 9,921 25,828 143,989 179,738
Construction 13,405 1,222 26,844 41,471
Other 6,422 15,022 4,289 25,733
Total consumer 46,411 124,517 474,259 645,187
Total gross loan, net of deferred fees $ 257,561 705,670 980,294 1,943,525
Loans maturing after one year with:
Fixed interest rates $      1,310,744
Floating interest rates 375,220
Schedule of Nonperforming Assets, Including Nonaccruing TDRs

Following is a summary of our nonperforming assets, including nonaccruing TDRs.

 
(dollars in thousands)       March 31, 2020       December 31, 2019
Commercial
Owner occupied RE $        - -
Non-owner occupied RE 3,268 188
Construction - -
Business 231 235
Consumer
Real estate 1,821 1,829
Home equity 427 431
Construction - -
Other - -
Nonaccruing troubled debt restructurings 4,186 4,111
Total nonaccrual loans, including nonaccruing TDRs 9,933 6,794
Other real estate owned - -
Total nonperforming assets $ 9,933 6,794
Nonperforming assets as a percentage of:
Total assets 0.42 % 0.30 %
Gross loans 0.49 % 0.35 %
Total loans over 90 days past due $ 2,181 2,038
Loans over 90 days past due and still accruing - -
Accruing troubled debt restructurings 7,939               5,219
Schedule of Key Information for Impaired Loans

The table below summarizes key information for impaired loans. The Company’s impaired loans include loans on nonaccrual status and loans modified in a TDR, whether on accrual or nonaccrual status. These impaired loans may have estimated impairment which is included in the allowance for loan losses. The Company’s commercial and consumer impaired loans are evaluated individually to determine the related allowance for loan losses.

 
March 31, 2020
Recorded investment
Impaired loans Impaired loans
Unpaid with no related with related Related
Principal Impaired allowance for allowance for allowance for
(dollars in thousands)       Balance       loans       loan losses       loan losses       loan losses
Commercial
Owner occupied RE $      2,787 2,722 2,268 454 76
Non-owner occupied RE 7,586 7,085 5,485 1,600 486
Construction - - - - -
Business 2,628 2,539 540 1,999 824
Total commercial 13,001 12,346 8,293 4,053 1,386
Consumer
Real estate 3,036 3,030 1,966 1,064 362
Home equity 2,403 2,352 2,174 178 65
Construction - - - - -
Other 144 144 - 144 15
Total consumer 5,583 5,526 4,140 1,386 442
Total $ 18,584 17,872 12,433 5,439 1,828

 
December 31, 2019
Recorded investment
Impaired loans Impaired loans
Unpaid with no related with related Related
Principal Impaired allowance for allowance for allowance for
(dollars in thousands)       Balance       loans       loan losses       loan losses       loan losses
Commercial
Owner occupied RE $      2,791 2,726 2,270 456 75
Non-owner occupied RE 4,512 4,051 2,419 1,632 465
Construction - - - - -
Business 1,620 1,531 558 973 452
Total commercial 8,923 8,308 5,247 3,061 992
Consumer
Real estate 2,727 2,720 1,638 1,082 364
Home equity 885 838 459 379 66
Construction - - - - -
Other 147 147 - 147 16
Total consumer 3,759 3,705 2,097 1,608 446
Total $ 12,682 12,013 7,344 4,669 1,438
Schedule of Average Recorded Investment and Interest Income Recognized on Impaired Loans

The following table provides the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans after impairment by portfolio segment and class.

 
Three months ended Three months ended Year ended
March 31, 2020 March 31, 2019 December 31, 2019
Average Recognized Average Recognized Average Recognized
recorded interest recorded interest recorded interest
(dollars in thousands)       investment       income       investment       income       investment       income
Commercial
Owner occupied RE $      2,725 18 2,757 30 2,739 128
Non-owner occupied RE 7,108 62 2,977 49 4,161 255
Construction - - - - - -
Business 2,553 28 2,567 40 1,582 79
Total commercial 12,386 108 8,301 119 8,482 462
Consumer
Real estate 3,036 26 2,761 25 2,771 131
Home equity 2,355 12 1,677 30 853 42
Construction - - - - - -
Other 145 1 157 1 153 5
Total consumer 5,536 39 4,595 56 3,777 178
Total $ 17,922 147 12,896 175 12,259 640
Schedule of Allowance for Loan Losses by Commercial and Consumer Portfolio Segments

The following table summarizes the activity related to the allowance for loan losses by commercial and consumer portfolio segments:

 
Three months ended March 31, 2020
Commercial Consumer
     Owner      Non-owner                                   
occupied occupied Real Home
(dollars in thousands) RE RE Construction Business Estate equity Construction Other Total
Balance, beginning of period $ 2,835 4,304 541 3,692 3,278 1,447 268 277 16,642
Provision for loan losses      1,170 1,711 153 1,006 1,326 381 147 106 6,000
Loan charge-offs - (221 ) - - - - - (45 ) (266 )
Loan recoveries - - - 16 2 68 - - 86
Net loan charge-offs - (221 ) - 16 2 68 - (45 ) (180 )
Balance, end of period $ 4,005         5,794 694 4,714      4,606 1,896 415    338 22,462
Net charge-offs to average loans (annualized) 0.04 %
Allowance for loan losses to gross loans 1.11 %
Allowance for loan losses to nonperforming loans 226.14 %

Three months ended March 31, 2019
Commercial Consumer
     Owner      Non-owner                                   
occupied occupied Real Home
(dollars in thousands) RE RE Construction Business Estate equity Construction     Other Total
Balance, beginning of period $      2,726 3,811                615 3,616  3,081 1,348 275    290 15,762
Provision for loan losses 57 74 (43 ) 171 (56 ) 61 7 29 300
Loan charge-offs - - - - - - - (41 ) (41 )
Loan recoveries - 1 - 9 16 1 - 3 30
Net loan charge-offs - 1 - 9 16 1 - (38 ) (11 )
Balance, end of period $ 2,783 3,886 572 3,796     3,041 1,410 282 281 16,051
Net charge-offs to average loans (annualized) 0.00 %
Allowance for loan losses to gross loans 0.93 %
Allowance for loan losses to nonperforming loans 265.35 %
Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Impairment

The following table disaggregates the allowance for loan losses and recorded investment in loans by impairment methodology.

 
March 31, 2020
Allowance for loan losses Recorded investment in loans
(dollars in thousands)       Commercial       Consumer       Total       Commercial       Consumer       Total
Individually evaluated $ 1,386 442 1,828 12,346 5,526 17,872
Collectively evaluated      13,822 6,812 20,634 1,337,084 675,305 2,012,389
Total $ 15,208 7,254 22,462 1,349,430 680,831 2,030,261
 
December 31, 2019
Allowance for loan losses Recorded investment in loans
(dollars in thousands) Commercial Consumer Total Commercial Consumer Total
Individually evaluated $ 992 446 1,438 8,308 3,705 12,013
Collectively evaluated 10,380 4,824 15,204 1,290,030 641,482 1,931,512
Total $ 11,372 5,270 16,642 1,298,338 645,187 1,943,525
Consumer Loan [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Summary of breakdown of outstanding loans by risk category

The tables below provide a breakdown of outstanding consumer loans by risk category.

 
March 31, 2020
(dollars in thousands)       Real estate       Home equity       Construction       Other       Total
Pass $      420,588 178,520 45,240 24,487 668,835
Special mention 3,717 1,097 - 242 5,056
Substandard 3,392 3,482 - 66 6,940
Doubtful - - - - -
$ 427,697 183,099 45,240 24,795 680,831
 
December 31, 2019
(dollars in thousands) Real estate Home equity Construction Other Total
Pass $ 392,572 176,532 41,471 25,421 635,996
Special mention 2,267 775 - 261 3,303
Substandard 3,406 2,431 - 51 5,888
Doubtful - - - - -
$ 398,245 179,738 41,471 25,733 645,187
Summary of outstanding commercial and consumer loans which include loans on nonaccrual by past due status

The following tables provide past due information for outstanding consumer loans and include loans on nonaccrual status as well as accruing TDRs.

 
March 31, 2020
(dollars in thousands)       Real estate       Home equity       Construction       Other       Total
Current $      426,127 180,486 45,240 24,790 676,643
30-59 days past due 559 1,527 - 5 2,091
60-89 days past due - 886 - - 886
Greater than 90 Days 1,011 200 - - 1,211
$ 427,697 183,099 45,240 24,795 680,831
 
December 31, 2019
(dollars in thousands) Real estate Home equity Construction Other Total
Current $ 396,445 179,051 41,471 25,650 642,617
30-59 days past due 799 369 - 83 1,251
60-89 days past due - 118 - - 118
Greater than 90 Days 1,001 200 - - 1,201
$ 398,245 179,738 41,471 25,733 645,187
Commercial Loan [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Summary of breakdown of outstanding loans by risk category

The tables below provide a breakdown of outstanding commercial loans by risk category.

 
March 31, 2020
Owner Non-owner
(dollars in thousands)       occupied RE       occupied RE       Construction       Business       Total
Pass $      418,504 525,927 74,758 310,953 1,330,142
Special mention 1,321 865 - 3,271 5,457
Substandard 2,299 8,054 - 3,478 13,831
Doubtful - - - - -
$ 422,124 534,846 74,758 317,702 1,349,430
 
December 31, 2019
Owner Non-owner
occupied RE occupied RE Construction Business Total
Pass $ 404,237 492,941 80,486 301,504 1,279,168
Special mention 1,312 744 - 3,108 5,164
Substandard 2,302 8,193 - 3,511 14,006
Doubtful - - - - -
$ 407,851 501,878 80,486 308,123 1,298,338
Summary of outstanding commercial and consumer loans which include loans on nonaccrual by past due status

The following tables provide past due information for outstanding commercial loans and include loans on nonaccrual status as well as accruing TDRs.

 
March 31, 2020
Owner Non-owner
(dollars in thousands)       occupied RE       occupied RE       Construction       Business       Total
Current $      419,978 531,119 74,758 315,562 1,341,417
30-59 days past due 1,595 3,275 - 1,909 6,779
60-89 days past due - 264 - - 264
Greater than 90 Days 551 188 - 231 970
$ 422,124 534,846 74,758 317,702 1,349,430
 
December 31, 2019
Owner Non-owner
occupied RE occupied RE Construction Business Total
Current $ 406,594 501,676 80,486 307,710 1,296,466
30-59 days past due 706 151 - 178 1,035
60-89 days past due - - - - -
Greater than 90 Days 551 51 - 235 837
$ 407,851 501,878 80,486 308,123 1,298,338