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Loans and Allowance for Loan Losses (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2020 and $3.3 million as of December 31, 2019.
|  | September 30, 2020 |  |  | December 31, 2019 |
(dollars in thousands) |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | 419,316 |  |  |  | 20.2 | % |  | $ | 407,851 |  |  |  | 21.0 | %
Non-owner occupied RE |  |  | 570,139 |  |  |  | 27.4 | % |  |  | 501,878 |  |  |  | 25.8 | %
Construction |  |  | 64,063 |  |  |  | 3.1 | % |  |  | 80,486 |  |  |  | 4.1 | %
Business |  |  | 303,760 |  |  |  | 14.6 | % |  |  | 308,123 |  |  |  | 15.9 | %
Total commercial loans |  |  | 1,357,278 |  |  |  | 65.3 | % |  |  | 1,298,338 |  |  |  | 66.8 | %
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 496,684 |  |  |  | 23.9 | % |  |  | 398,245 |  |  |  | 20.5 | %
Home equity |  |  | 161,795 |  |  |  | 7.8 | % |  |  | 179,738 |  |  |  | 9.3 | %
Construction |  |  | 39,355 |  |  |  | 1.9 | % |  |  | 41,471 |  |  |  | 2.1 | %
Other |  |  | 23,428 |  |  |  | 1.1 | % |  |  | 25,733 |  |  |  | 1.3 | %
Total consumer loans |  |  | 721,262 |  |  |  | 34.7 | % |  |  | 645,187 |  |  |  | 33.2 | %
Total gross loans, net of deferred fees |  |  | 2,078,540 |  |  |  | 100.0 | % |  |  | 1,943,525 |  |  |  | 100.0 | %
Less—allowance for loan losses |  |  | (42,219 | ) |  |  |  |  |  |  | (16,642 | ) |  |  |  |
Total loans, net |  | $ | 2,036,321 |  |  |  |  |  |  | $ | 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.
|  | September 30, 2020
|  |  |  |  |  | After one |  |  |  |  |  |  |  |
|  | One year |  |  | but within |  |  | After five |  |  |  |
(dollars in thousands) |  | or less |  |  | five years |  |  | years |  |  | Total
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | 20,585 |  |  |  | 136,345 |  |  |  | 262,386 |  |  |  | 419,316
Non-owner occupied RE |  |  | 47,848 |  |  |  | 312,776 |  |  |  | 209,515 |  |  |  | 570,139
Construction |  |  | 19,699 |  |  |  | 23,221 |  |  |  | 21,143 |  |  |  | 64,063
Business |  |  | 72,291 |  |  |  | 145,878 |  |  |  | 85,591 |  |  |  | 303,760
Total commercial loans |  |  | 160,423 |  |  |  | 618,220 |  |  |  | 578,635 |  |  |  | 1,357,278
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 12,314 |  |  |  | 63,182 |  |  |  | 421,188 |  |  |  | 496,684
Home equity |  |  | 5,339 |  |  |  | 24,279 |  |  |  | 132,177 |  |  |  | 161,795
Construction |  |  | 5,053 |  |  |  | 325 |  |  |  | 33,977 |  |  |  | 39,355
Other |  |  | 6,810 |  |  |  | 12,604 |  |  |  | 4,014 |  |  |  | 23,428
Total consumer loans |  |  | 29,516 |  |  |  | 100,390 |  |  |  | 591,356 |  |  |  | 721,262
Total gross loans, net of deferred fees |  | $ | 189,939 |  |  |  | 718,610 |  |  |  | 1,169,991 |  |  |  | 2,078,540
Loans maturing after one year with: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed interest rates |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,536,279
Floating interest rates |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 352,322
13
|  | 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) |  | September 30, 2020 |  |  | December 31, 2019 |
Commercial |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | - |  |  |  | - |
Non-owner occupied RE |  |  | 1,059 |  |  |  | 188 |
Construction |  |  | 143 |  |  |  | - |
Business |  |  | 201 |  |  |  | 235 |
Consumer |  |  |  |  |  |  |  |
Real estate |  |  | 2,518 |  |  |  | 1,829 |
Home equity |  |  | 632 |  |  |  | 431 |
Construction |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |
Nonaccruing troubled debt restructurings |  |  | 4,198 |  |  |  | 4,111 |
Total nonaccrual loans, including nonaccruing TDRs |  |  | 8,751 |  |  |  | 6,794 |
Other real estate owned |  |  | 1,684 |  |  |  | - |
Total nonperforming assets |  | $ | 10,435 |  |  |  | 6,794 |
Nonperforming assets as a percentage of: |  |  |  |  |  |  |  |
Total assets |  |  | 0.42 | % |  |  | 0.30 | %
Gross loans |  |  | 0.50 | % |  |  | 0.35 | %
Total loans over 90 days past due |  | $ | 2,742 |  |  |  | 2,038 |
Loans over 90 days past due and still accruing |  |  | - |  |  |  | - |
Accruing troubled debt restructurings |  |  | 5,277 |  |  |  | 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.
|  |  |  |  |  | September 30, 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 |  | $ | 2,316 |  |  |  | 2,296 |  |  |  | 1,843 |  |  |  | 453 |  |  |  | 92
Non-owner occupied RE |  |  | 3,114 |  |  |  | 2,143 |  |  |  | 610 |  |  |  | 1,533 |  |  |  | 455
Construction |  |  | 143 |  |  |  | 143 |  |  |  | 143 |  |  |  | - |  |  |  | -
Business |  |  | 2,919 |  |  |  | 2,483 |  |  |  | 281 |  |  |  | 2,202 |  |  |  | 910
Total commercial |  |  | 8,492 |  |  |  | 7,065 |  |  |  | 2,877 |  |  |  | 4,188 |  |  |  | 1,457
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 4,206 |  |  |  | 4,031 |  |  |  | 3,152 |  |  |  | 879 |  |  |  | 75
Home equity |  |  | 2,982 |  |  |  | 2,794 |  |  |  | 2,439 |  |  |  | 355 |  |  |  | 252
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
Other |  |  | 138 |  |  |  | 138 |  |  |  | - |  |  |  | 138 |  |  |  | 18
Total consumer |  |  | 7,326 |  |  |  | 6,963 |  |  |  | 5,591 |  |  |  | 1,372 |  |  |  | 345
Total |  | $ | 15,818 |  |  |  | 14,028 |  |  |  | 8,468 |  |  |  | 5,560 |  |  |  | 1,802
17
|  |  |  |  |  | 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 September 30, 2020 |  |  |  | Three months ended September 30, 2019
|  | Average |  |  | Recognized |  |  | Average |  |  | Recognized
|  | recorded |  |  | interest |  |  | recorded |  |  | interest
(dollars in thousands) |  | investment |  |  | income |  |  | investment |  |  | income
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | 2,985 |  |  |  | 40 |  |  |  | 2,728 |  |  |  | 27
Non-owner occupied RE |  |  | 3,880 |  |  |  | 63 |  |  |  | 4,077 |  |  |  | 74
Construction |  |  | 72 |  |  |  | 2 |  |  |  | - |  |  |  | -
Business |  |  | 2,506 |  |  |  | 51 |  |  |  | 1,738 |  |  |  | 14
Total commercial |  |  | 9,443 |  |  |  | 156 |  |  |  | 8,543 |  |  |  | 115
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 3,063 |  |  |  | 58 |  |  |  | 2,876 |  |  |  | 30
Home equity |  |  | 2,540 |  |  |  | 22 |  |  |  | 1,668 |  |  |  | 30
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
Other |  |  | 139 |  |  |  | 1 |  |  |  | 151 |  |  |  | 2
Total consumer |  |  | 5,742 |  |  |  | 81 |  |  |  | 4,695 |  |  |  | 62
Total |  | $ | 15,185 |  |  |  | 237 |  |  |  | 13,238 |  |  |  | 177
|  | Nine months ended |  |  |  | Nine months ended |  |  |  | Year ended
|  | September 30, 2020 |  |  |  | September 30, 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 |  | $ | 2,617 |  |  |  | 73 |  |  |  | 2,742 |  |  |  | 96 |  |  |  | 2,739 |  |  |  | 128
Non-owner occupied RE |  |  | 4,724 |  |  |  | 165 |  |  |  | 4,139 |  |  |  | 202 |  |  |  | 4,161 |  |  |  | 255
Construction |  |  | 36 |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
Business |  |  | 2,270 |  |  |  | 98 |  |  |  | 1,766 |  |  |  | 61 |  |  |  | 1,582 |  |  |  | 79
Total commercial |  |  | 9,647 |  |  |  | 338 |  |  |  | 8,647 |  |  |  | 359 |  |  |  | 8,482 |  |  |  | 462
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 3,207 |  |  |  | 98 |  |  |  | 3,062 |  |  |  | 97 |  |  |  | 2,771 |  |  |  | 131
Home equity |  |  | 2,067 |  |  |  | 39 |  |  |  | 1,688 |  |  |  | 82 |  |  |  | 853 |  |  |  | 42
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
Other |  |  | 143 |  |  |  | 3 |  |  |  | 154 |  |  |  | 4 |  |  |  | 153 |  |  |  | 5
Total consumer |  |  | 5,417 |  |  |  | 140 |  |  |  | 4,904 |  |  |  | 183 |  |  |  | 3,777 |  |  |  | 178
Total |  | $ | 15,064 |  |  |  | 478 |  |  |  | 13,551 |  |  |  | 542 |  |  |  | 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 September 30, 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 |  | $ | 5,800 |  |  |  | 8,791 |  |  |  | 977 |  |  |  | 5,841 |  |  |  | 6,538 |  |  |  | 2,641 |  |  |  | 615 |  |  |  | 399 |  |  |  | 31,602 |
Provision for loan losses |  |  | 2,105 |  |  |  | 2,461 |  |  |  | 217 |  |  |  | 2,274 |  |  |  | 2,936 |  |  |  | 850 |  |  |  | 87 |  |  |  | 170 |  |  |  | 11,100 |
Loan charge-offs |  |  | - |  |  |  | (375 | ) |  |  | - |  |  |  | (564 | ) |  |  | - |  |  |  | (100 | ) |  |  | - |  |  |  | (25 | ) |  |  | (1,064 | )
Loan recoveries |  |  | - |  |  |  | 554 |  |  |  | - |  |  |  | 14 |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 11 |  |  |  | 581 |
Net loan charge-offs |  |  | - |  |  |  | 179 |  |  |  | - |  |  |  | (550 | ) |  |  | 2 |  |  |  | (100 | ) |  |  | - |  |  |  | (14 | ) |  |  | (483 | )
Balance, end of period |  | $ | 7,905 |  |  |  | 11,431 |  |  |  | 1,194 |  |  |  | 7,565 |  |  |  | 9,476 |  |  |  | 3,391 |  |  |  | 702 |  |  |  | 555 |  |  |  | 42,219 |
Net charge-offs to average loans (annualized) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.09 | %
Allowance for loan losses to gross loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.03 | %
Allowance for loan losses to nonperforming loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 482.43 | %
|  | Three months ended September 30, 2019
|  | Commercial |  | Consumer |  |  |  |
(dollars in thousands) |  | Owner occupied RE |  | Non-owner occupied RE |  | Construction |  | Business |  | Real Estate |  | Home equity |  | Construction |  |  | Other |  | Total
Balance, beginning of period |  | $ | 2,808 |  |  |  | 4,016 |  |  |  | 569 |  |  |  | 3,623 |  |  |  | 3,104 |  |  |  | 1,409 |  |  |  | 318 |  |  |  | 297 |  |  |  | 16,144 |
Provision for loan losses |  |  | (75 | ) |  |  | 237 |  |  |  | (63 | ) |  |  | 588 |  |  |  | (93 | ) |  |  | 14 |  |  |  | 8 |  |  |  | 34 |  |  |  | 650 |
Loan charge-offs |  |  | - |  |  |  | (225 | ) |  |  | - |  |  |  | (709 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (29 | ) |  |  | (963 | )
Loan recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | 7 |  |  |  | 1 |  |  |  | - |  |  |  | 1 |  |  |  | 17 |
Net loan charge-offs |  |  | - |  |  |  | (225 | ) |  |  | - |  |  |  | (701 | ) |  |  | 7 |  |  |  | 1 |  |  |  | - |  |  |  | (28 | ) |  |  | (946 | )
Balance, end of period |  | $ | 2,733 |  |  |  | 4,028 |  |  |  | 506 |  |  |  | 3,510 |  |  |  | 3,018 |  |  |  | 1,424 |  |  |  | 326 |  |  |  | 303 |  |  |  | 15,848 |
Net charge-offs to average loans (annualized) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.21 | %
Allowance for loan losses to gross loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.86 | %
Allowance for loan losses to nonperforming loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 225.51 | %
|  | Nine months ended September 30, 2020
|  | Commercial |  |  | Consumer |  |  |  |
(dollars in thousands) |  | Owner occupied RE |  |  | Non-owner occupied RE |  |  | Construction |  |  | Business |  |  | Real Estate |  | Home 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 |  |  | 5,070 |  |  |  | 8,081 |  |  |  | 653 |  |  |  | 4,562 |  |  |  | 6,187 |  |  |  | 1,976 |  |  |  | 434 |  |  |  | 337 |  |  |  | 27,300 |
Loan charge-offs |  |  | - |  |  |  | (1,508 | ) |  |  | - |  |  |  | (735 | ) |  |  | - |  |  |  | (100 | ) |  |  | - |  |  |  | (70 | ) |  |  | (2,413 | )
Loan recoveries |  |  | - |  |  |  | 554 |  |  |  | - |  |  |  | 46 |  |  |  | 11 |  |  |  | 68 |  |  |  | - |  |  |  | 11 |  |  |  | 690 |
Net loan charge-offs |  |  | - |  |  |  | (954 | ) |  |  | - |  |  |  | (689 | ) |  |  | 11 |  |  |  | (32 | ) |  |  | - |  |  |  | (59 | ) |  |  | (1,723 | )
Balance, end of period |  | $ | 7,905 |  |  |  | 11,431 |  |  |  | 1,194 |  |  |  | 7,565 |  |  |  | 9,476 |  |  |  | 3,391 |  |  |  | 702 |  |  |  | 555 |  |  |  | 42,219 |
Net charge-offs to average loans (annualized) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.11 | %
|  | Nine months ended September 30, 2019
|  | Commercial |  |  | Consumer |  |  |  |
|  | Owner occupied RE |  | Non-owner occupied RE |  | Construction |  |  | Business |  | Real Estate |  |  | Home 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 |  |  | 117 |  |  |  | 454 |  |  |  | (109 | ) |  |  | 577 |  |  |  | (99 | ) |  |  | 174 |  |  |  | 51 |  |  |  | 85 |  |  |  | 1,250 |
Loan charge-offs |  |  | (110 | ) |  |  | (239 | ) |  |  | - |  |  |  | (709 | ) |  |  | - |  |  |  | (100 | ) |  |  | - |  |  |  | (82 | ) |  |  | (1,240 | )
Loan recoveries |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 26 |  |  |  | 36 |  |  |  | 2 |  |  |  | - |  |  |  | 10 |  |  |  | 76 |
Net loan charge-offs |  |  | (110 | ) |  |  | (237 | ) |  |  | - |  |  |  | (683 | ) |  |  | 36 |  |  |  | (98 | ) |  |  | - |  |  |  | (72 | ) |  |  | (1,164 | )
Balance, end of period |  | $ | 2,733 |  |  |  | 4,028 |  |  |  | 506 |  |  |  | 3,510 |  |  |  | 3,018 |  |  |  | 1,424 |  |  |  | 326 |  |  |  | 303 |  |  |  | 15,848 |
Net charge-offs to average loans (annualized) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.09 | %
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.
|  | September 30, 2020
|  | Allowance for loan losses |  | Recorded investment in loans
(dollars in thousands) |  | Commercial |  | Consumer |  | Total |  | Commercial |  | Consumer |  | Total
Individually evaluated |  | $ | 1,457 |  | 345 |  | 1,802 |  | 7,065 |  | 6,963 |  | 14,028
Collectively evaluated |  |  | 26,638 |  | 13,779 |  | 40,417 |  | 1,350,213 |  | 714,299 |  | 2,064,512
Total |  | $ | 28,095 |  | 14,124 |  | 42,219 |  | 1,357,278 |  | 721,262 |  | 2,078,540
|  | 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.
|  | September 30, 2020
(dollars in thousands) |  | Real estate |  |  | Home equity |  |  | Construction |  |  | Other |  |  | Total
Pass |  | $ | 489,923 |  |  |  | 156,496 |  |  |  | 39,355 |  |  |  | 23,287 |  |  |  | 709,061
Special mention |  |  | 2,182 |  |  |  | 1,351 |  |  |  | - |  |  |  | 107 |  |  |  | 3,640
Substandard |  |  | 4,579 |  |  |  | 3,948 |  |  |  | - |  |  |  | 34 |  |  |  | 8,561
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
|  | $ | 496,684 |  |  |  | 161,795 |  |  |  | 39,355 |  |  |  | 23,428 |  |  |  | 721,262
|  | 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.
|  | September 30, 2020
(dollars in thousands) |  | Real estate |  |  | Home equity |  |  | Construction |  |  | Other |  |  | Total
Current |  | $ | 494,202 |  |  |  | 160,605 |  |  |  | 39,355 |  |  |  | 23,428 |  |  |  | 717,590
30-59 days past due |  |  | 857 |  |  |  | 399 |  |  |  | - |  |  |  | - |  |  |  | 1,256
60-89 days past due |  |  | - |  |  |  | 494 |  |  |  | - |  |  |  | - |  |  |  | 494
Greater than 90 Days |  |  | 1,625 |  |  |  | 297 |  |  |  | - |  |  |  | - |  |  |  | 1,922
|  | $ | 496,684 |  |  |  | 161,795 |  |  |  | 39,355 |  |  |  | 23,428 |  |  |  | 721,262
|  | 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.
|  | September 30, 2020
|  | Owner |  |  | Non-owner |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | occupied RE |  |  | occupied RE |  |  | Construction |  |  | Business |  |  | Total
Pass |  | $ | 415,899 |  |  |  | 560,896 |  |  |  | 63,920 |  |  |  | 297,179 |  |  |  | 1,337,894
Special mention |  |  | 359 |  |  |  | 6,078 |  |  |  | - |  |  |  | 2,596 |  |  |  | 9,033
Substandard |  |  | 3,058 |  |  |  | 3,165 |  |  |  | 143 |  |  |  | 3,985 |  |  |  | 10,351
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
|  | $ | 419,316 |  |  |  | 570,139 |  |  |  | 64,063 |  |  |  | 303,760 |  |  |  | 1,357,278
|  | December 31, 2019
|  | Owner |  |  | Non-owner |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | 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.
|  | September 30, 2020
|  | Owner |  |  | Non-owner |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | occupied RE |  |  | occupied RE |  |  | Construction |  |  | Business |  |  | Total
Current |  | $ | 418,765 |  |  |  | 569,552 |  |  |  | 64,063 |  |  |  | 303,248 |  |  |  | 1,355,628
30-59 days past due |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 475 |  |  |  | 475
60-89 days past due |  |  | - |  |  |  | 355 |  |  |  | - |  |  |  | - |  |  |  | 355
Greater than 90 Days |  |  | 551 |  |  |  | 232 |  |  |  | - |  |  |  | 37 |  |  |  | 820
|  | $ | 419,316 |  |  |  | 570,139 |  |  |  | 64,063 |  |  |  | 303,760 |  |  |  | 1,357,278
|  | December 31, 2019
|  | Owner |  |  | Non-owner |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | 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

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