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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

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 $3.9 million as of March 31, 2021 and December 31, 2020.

		March 31, 2021								December 31, 2020
(dollars in thousands)		Amount				% of Total				Amount				% of Total
Commercial
Owner occupied RE		$	448,505				20.5	%		$	433,320				20.2	%
Non-owner occupied RE			584,187				26.8	%			585,269				27.3	%
Construction			51,996				2.4	%			61,467				2.9	%
Business			303,895				13.9	%			307,599				14.4	%
Total commercial loans			1,388,583				63.6	%			1,387,655				64.8	%
Consumer
Real estate			574,541				26.3	%			536,311				25.0	%
Home equity			154,157				7.1	%			156,957				7.3	%
Construction			44,170				2.0	%			40,525				1.9	%
Other			22,231				1.0	%			21,419				1.0	%
Total consumer loans			795,099				36.4	%			755,212				35.2	%
Total gross loans, net of deferred fees			2,183,682				100.0	%			2,142,867				100.0	%
Less—allowance for loan losses			(43,499	)							(44,149	)
Total loans, net		$	2,140,183							$	2,098,718

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, 2021
						After one
		One year				but within				After five
(dollars in thousands)		or less				five years				years				Total
Commercial
Owner occupied RE		$	24,523				134,934				289,048				448,505
Non-owner occupied RE			46,417				328,193				209,577				584,187
Construction			20,043				10,372				21,581				51,996
Business			77,057				136,088				90,750				303,895
Total commercial loans			168,040				609,587				610,956				1,388,583
Consumer
Real estate			13,740				51,884				508,917				574,541
Home equity			3,637				22,883				127,637				154,157
Construction			802				1,361				42,007				44,170
Other			8,205				10,528				3,498				22,231
Total consumer loans			26,384				86,656				682,059				795,099
Total gross loans, net of deferred fees		$	194,424				696,243				1,293,015				2,183,682
Loans maturing after one year with:
Fixed interest rates														$	1,636,382
Floating interest rates															352,876

13

		December 31, 2020
						After one
		One year				but within				After five
(dollars in thousands)		or less				five years				years				Total
Commercial
Owner occupied RE		$	22,232				136,031				275,057				433,320
Non-owner occupied RE			39,359				335,249				210,661				585,269
Construction			21,824				15,785				23,858				61,467
Business			76,662				140,959				89,978				307,599
Total commercial loans			160,077				628,024				599,554				1,387,655
Consumer
Real estate			14,205				54,863				467,243				536,311
Home equity			4,824				23,835				128,298				156,957
Construction			1,629				1,234				37,662				40,525
Other			6,438				11,413				3,568				21,419
Total consumer			27,096				91,345				636,771				755,212
Total gross loan, net of deferred fees		$	187,173				719,369				1,236,325				2,142,867
Loans maturing after one year with:
Fixed interest rates														$	1,590,171
Floating interest rates															365,523

Schedule of Nonperforming Assets, Including Nonaccruing TDRs

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

(dollars in thousands)		March 31, 2021				December 31, 2020
Commercial
Owner occupied RE		$	-				-
Non-owner occupied RE			1,127				1,143
Construction			135				139
Business			190				195
Consumer
Real estate			2,762				2,536
Home equity			439				547
Construction			-				-
Other			-				-
Nonaccruing troubled debt restructurings			3,150				3,509
Total nonaccrual loans, including nonaccruing TDRs			7,803				8,069
Other real estate owned			-				1,169
Total nonperforming assets		$	7,803				9,238
Nonperforming assets as a percentage of:
Total assets			0.30	%			0.37	%
Gross loans			0.36	%			0.43	%
Total loans over 90 days past due		$	1,610				2,296
Loans over 90 days past due and still accruing			-				-
Accruing troubled debt restructurings			4,379				4,893

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, 2021
					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		$	1,593		1,490				1,490				-				-
Non-owner occupied RE			3,208		2,133				695				1,438				363
Construction			139		135				135				-				-
Business			2,302		2,209				277				1,932				808
Total commercial			7,242		5,967				2,597				3,370				1,171
Consumer
Real estate			4,767		4,393				2,933				1,460				388
Home equity			1,797		1,690				1,631				59				59
Construction			-		-				-				-				-
Other			132		132				-				132				17
Total consumer			6,696		6,215				4,564				1,651				464
Total		$	13,938		12,182				7,161				5,021				1,635

					December 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		$	1,753		1,649				1,497				152				76
Non-owner occupied RE			3,212		2,188				705				1,483				366
Construction			141		139				139				-				-
Business			2,892		2,449				279				2,170				897
Total commercial			7,998		6,425				2,620				3,805				1,339
Consumer
Real estate			4,362		4,031				3,108				923				190
Home equity			2,498		2,371				2,096				275				163
Construction			-		-				-				-				-
Other			135		135				-				135				17
Total consumer			6,995		6,537				5,204				1,333				370
Total		$	14,993		12,962				7,824				5,138				1,709

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, 2021									March 31, 2020								December 31, 2020
		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		$	1,569				16				2,725				18				2,423				88
Non-owner occupied RE			2,161				62				7,108				62				4,217				221
Construction			137				2				-				-				56				6
Business			2,329				34				2,553				28				2,306				243
Total commercial			6,196				114				12,386				108				9,002				558
Consumer
Real estate			4,212				43				3,036				26				3,372				170
Home equity			2,030				16				2,355				12				2,128				5
Construction			-				-				-				-				-				-
Other			134				1				145				1				141				79
Total consumer			6,376				60				5,536				39				5,641				254
Total		$	12,572				174				17,922				147				14,643				812

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, 2021
		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		$	8,145				12,049				1,154				7,845				10,453				3,249				747				507				44,149
Provision for loan losses			(991	)			3,146				(327	)			(785	)			(787	)			(423	)			(62	)			(71	)			(300	)
Loan charge-offs			-				-				-				(267	)			-				(139	)			-				-				(406	)
Loan recoveries			-				-				-				55				-				1				-				-				56
Net loan charge-offs			-				-				-				(212	)			-				(138	)			-				-				(350	)
Balance, end of period		$	7,154				15,195				827				6,848				9,666				2,688				685				436				43,499
Net charge-offs to average loans (annualized)																																			0.07	%
Allowance for loan losses to gross loans																																			1.99	%
Allowance for loan losses to nonperforming loans																																			557.47	%

		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	%

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, 2021
		Allowance for loan losses							Recorded investment in loans
(dollars in thousands)		Commercial			Consumer		Total		Commercial		Consumer		Total
Individually evaluated		$	1,171		464		1,635		5,967		6,215		12,182
Collectively evaluated			28,853		13,011		41,864		1,382,616		788,884		2,171,500
Total		$	30,024		13,475		43,499		1,388,583		795,099		2,183,682

		December 31, 2020
		Allowance for loan losses							Recorded investment in loans
(dollars in thousands)		Commercial			Consumer		Total		Commercial		Consumer		Total
Individually evaluated		$	1,339		370		1,709		6,425		6,537		12,962
Collectively evaluated			27,826		14,614		42,440		1,381,230		748,675		2,129,905
Total		$	29,165		14,984		44,149		1,387,655		755,212		2,142,867

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, 2021
(dollars in thousands)		Real estate				Home equity				Construction				Other				Total
Pass		$	565,956				147,196				43,970				22,013				779,135
Special mention			3,993				3,888				200				167				8,248
Substandard			4,592				3,073				-				51				7,716
Doubtful			-				-				-				-				-
		$	574,541				154,157				44,170				22,231				795,099

		December 31, 2020
(dollars in thousands)		Real estate				Home equity				Construction				Other				Total
Pass		$	530,515				152,154				40,525				21,290				744,484
Special mention			1,968				1,005				-				91				3,064
Substandard			3,828				3,798				-				38				7,664
Doubtful			-				-				-				-				-
		$	536,311				156,957				40,525				21,419				755,212

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, 2021
(dollars in thousands)		Real estate				Home equity				Construction				Other				Total
Current		$	573,372				153,771				44,170				22,231				793,544
30-59 days past due			551				189				-				-				740
60-89 days past due			-				-				-				-				-
Greater than 90 Days			618				197				-				-				815
		$	574,541				154,157				44,170				22,231				795,099

		December 31, 2020
(dollars in thousands)		Real estate				Home equity				Construction				Other				Total
Current		$	534,648				156,657				40,525				21,419				753,249
30-59 days past due			-				-				-				-				-
60-89 days past due			332				-				-				-				332
Greater than 90 Days			1,331				300				-				-				1,631
		$	536,311				156,957				40,525				21,419				755,212

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, 2021
		Owner				Non-owner
(dollars in thousands)		occupied RE				occupied RE				Construction				Business				Total
Pass		$	445,915				505,500				51,861				297,637				1,300,913
Special mention			2,074				49,394				-				1,930				53,398
Substandard			516				29,293				135				4,328				34,272
Doubtful			-				-				-				-				-
		$	448,505				584,187				51,996				303,895				1,388,583

		December 31, 2020
		Owner				Non-owner
(dollars in thousands)		occupied RE				occupied RE				Construction				Business				Total
Pass		$	430,291				576,095				61,328				301,838				1,369,552
Special mention			624				587				-				1,703				2,914
Substandard			2,405				8,587				139				4,058				15,189
Doubtful			-				-				-				-				-
		$	433,320				585,269				61,467				307,599				1,387,655

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, 2021
		Owner				Non-owner
(dollars in thousands)		occupied RE				occupied RE				Construction				Business				Total
Current		$	448,298				583,489				51,996				303,808				1,387,591
30-59 days past due			-				-				-				50				50
60-89 days past due			-				147				-				-				147
Greater than 90 Days			207				551				-				37				795
		$	448,505				584,187				51,996				303,895				1,388,583

		December 31, 2020
		Owner				Non-owner
(dollars in thousands)		occupied RE				occupied RE				Construction				Business				Total
Current		$	432,711				584,565				61,467				307,261				1,386,004
30-59 days past due			403				282				-				35				720
60-89 days past due			-				-				-				266				266
Greater than 90 Days			206				422				-				37				665
		$	433,320				585,269				61,467				307,599				1,387,655

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