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Loans and Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2022
Loans and Allowance for Credit Losses [Abstract] |
Schedule of composition of our loan portfolio |
|  | December 31 |
(dollars in thousands) |  | 2022 |  |  | 2021 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | 612,901 |  |  |  | 18.7 | % |  |  | 488,965 |  |  |  | 19.6 | %
Non-owner occupied RE |  |  | 862,579 |  |  |  | 26.3 | % |  |  | 666,833 |  |  |  | 26.8 | %
Construction |  |  | 109,726 |  |  |  | 3.4 | % |  |  | 64,425 |  |  |  | 2.6 | %
Business |  |  | 468,112 |  |  |  | 14.3 | % |  |  | 333,049 |  |  |  | 13.4 | %
Total commercial loans |  |  | 2,053,318 |  |  |  | 62.7 | % |  |  | 1,553,272 |  |  |  | 62.4 | %
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 931,278 |  |  |  | 28.4 | % |  |  | 694,401 |  |  |  | 27.9 | %
Home equity |  |  | 179,300 |  |  |  | 5.5 | % |  |  | 154,839 |  |  |  | 6.2 | %
Construction |  |  | 80,415 |  |  |  | 2.5 | % |  |  | 59,846 |  |  |  | 2.4 | %
Other |  |  | 29,052 |  |  |  | 0.9 | % |  |  | 27,519 |  |  |  | 1.1 | %
Total consumer loans |  |  | 1,220,045 |  |  |  | 37.3 | % |  |  | 936,605 |  |  |  | 37.6 | %
Total gross loans, net of deferred fees |  |  | 3,273,363 |  |  |  | 100.0 | % |  |  | 2,489,877 |  |  |  | 100.0 | %
Less – allowance for credit losses |  |  | (38,639 | ) |  |  |  |  |  |  | (30,408 | ) |  |  |  |
Total loans, net |  | $ | 3,234,724 |  |  |  |  |  |  |  | 2,459,469 |  |  |  |  |
Schedule of composition of gross loans by rate type |
|  | December 31, |
(dollars in thousands) |  | 2022 |  |  | 2021 |
Floating rate loans |  | $ | 439,287 |  |  |  | 376,805 |
Fixed rate loans |  |  | 2,834,076 |  |  |  | 2,113,072 |
|  | $ | 3,273,363 |  |  |  | 2,489,877 |
Schedule of outstanding loans by credit quality indicators by year of origination |
|  | December 31, 2022 |
(dollars in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | Prior |  |  | Revolving |  |  | Revolving Converted to Term |  |  | Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 169,083 |  |  |  | 122,654 |  |  |  | 85,867 |  |  |  | 66,299 |  |  |  | 36,718 |  |  |  | 93,915 |  |  |  | - |  |  |  | - |  |  |  | 574,536 |
Watch |  |  | 14,648 |  |  |  | 479 |  |  |  | 9,339 |  |  |  | 3,658 |  |  |  | - |  |  |  | 6,792 |  |  |  | - |  |  |  | - |  |  |  | 34,916 |
Special Mention |  |  | 200 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,960 |  |  |  | - |  |  |  | - |  |  |  | 3,160 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 289 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 289 |
Total Owner occupied RE |  |  | 183,931 |  |  |  | 123,133 |  |  |  | 95,206 |  |  |  | 69,957 |  |  |  | 37,007 |  |  |  | 103,667 |  |  |  | - |  |  |  | - |  |  |  | 612,901 |
Non-owner occupied RE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 281,890 |  |  |  | 169,599 |  |  |  | 113,264 |  |  |  | 59,550 |  |  |  | 79,722 |  |  |  | 106,967 |  |  |  | 604 |  |  |  | 137 |  |  |  | 811,733 |
Watch |  |  | 1,061 |  |  |  | 9,491 |  |  |  | - |  |  |  | 10,683 |  |  |  | 1,408 |  |  |  | 11,660 |  |  |  | - |  |  |  | - |  |  |  | 34,303 |
Special Mention |  |  | - |  |  |  | 202 |  |  |  | - |  |  |  | 6,087 |  |  |  | - |  |  |  | 930 |  |  |  | - |  |  |  | - |  |  |  | 7,219 |
Substandard |  |  | - |  |  |  | 134 |  |  |  | - |  |  |  | 7,992 |  |  |  | 327 |  |  |  | 871 |  |  |  | - |  |  |  | - |  |  |  | 9,324 |
Total Non-owner occupied RE |  |  | 282,951 |  |  |  | 179,426 |  |  |  | 113,264 |  |  |  | 84,312 |  |  |  | 81,457 |  |  |  | 120,428 |  |  |  | 604 |  |  |  | 137 |  |  |  | 862,579 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 48,420 |  |  |  | 55,129 |  |  |  | 4,811 |  |  |  | 247 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 108,607 |
Watch |  |  | 1,119 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,119 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Construction |  |  | 49,539 |  |  |  | 55,129 |  |  |  | 4,811 |  |  |  | 247 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 109,726 |
Business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 136,489 |  |  |  | 57,804 |  |  |  | 29,864 |  |  |  | 21,807 |  |  |  | 35,249 |  |  |  | 28,914 |  |  |  | 136,337 |  |  |  | 709 |  |  |  | 447,174 |
Watch |  |  | 3,186 |  |  |  | 2,058 |  |  |  | 1,318 |  |  |  | 1,282 |  |  |  | 179 |  |  |  | 3,074 |  |  |  | 3,783 |  |  |  | 439 |  |  |  | 15,319 |
Special Mention |  |  | 1,137 |  |  |  | 260 |  |  |  | 386 |  |  |  | 210 |  |  |  | - |  |  |  | 252 |  |  |  | 115 |  |  |  | 642 |  |  |  | 3,002 |
Substandard |  |  | 498 |  |  |  | - |  |  |  | 188 |  |  |  | 233 |  |  |  | 315 |  |  |  | 911 |  |  |  | 472 |  |  |  | - |  |  |  | 2,617 |
Total Business |  |  | 141,310 |  |  |  | 60,122 |  |  |  | 31,756 |  |  |  | 23,533 |  |  |  | 35,743 |  |  |  | 33,151 |  |  |  | 140,707 |  |  |  | 1,790 |  |  |  | 468,112 |
Total Commercial loans |  |  | 657,731 |  |  |  | 417,810 |  |  |  | 245,037 |  |  |  | 178,049 |  |  |  | 154,207 |  |  |  | 257,246 |  |  |  | 141,311 |  |  |  | 1,927 |  |  |  | 2,053,318 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 243,589 |  |  |  | 269,565 |  |  |  | 189,075 |  |  |  | 72,499 |  |  |  | 39,042 |  |  |  | 76,172 |  |  |  | - |  |  |  | - |  |  |  | 889,942 |
Watch |  |  | 6,196 |  |  |  | 8,256 |  |  |  | 3,847 |  |  |  | 2,278 |  |  |  | 494 |  |  |  | 3,671 |  |  |  | - |  |  |  | - |  |  |  | 24,742 |
Special Mention |  |  | 3,114 |  |  |  | 1,938 |  |  |  | 2,644 |  |  |  | 2,258 |  |  |  | 955 |  |  |  | 2,639 |  |  |  | - |  |  |  | - |  |  |  | 13,548 |
Substandard |  |  | - |  |  |  | 648 |  |  |  | 227 |  |  |  | 341 |  |  |  | 408 |  |  |  | 1,422 |  |  |  | - |  |  |  | - |  |  |  | 3,046 |
Total Real estate |  |  | 252,899 |  |  |  | 280,407 |  |  |  | 195,793 |  |  |  | 77,376 |  |  |  | 40,899 |  |  |  | 83,904 |  |  |  | - |  |  |  | - |  |  |  | 931,278 |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 165,847 |  |  |  | - |  |  |  | 165,847 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,226 |  |  |  | - |  |  |  | 7,226 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,055 |  |  |  | - |  |  |  | 4,055 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,172 |  |  |  | - |  |  |  | 2,172 |
Total Home equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 179,300 |  |  |  | - |  |  |  | 179,300 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 41,138 |  |  |  | 34,039 |  |  |  | 4,923 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 80,100 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 315 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 315 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Construction |  |  | 41,138 |  |  |  | 34,039 |  |  |  | 4,923 |  |  |  | 315 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 80,415 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 3,894 |  |  |  | 3,038 |  |  |  | 1,702 |  |  |  | 1,534 |  |  |  | 341 |  |  |  | 3,015 |  |  |  | 14,465 |  |  |  | - |  |  |  | 27,989 |
Watch |  |  | 46 |  |  |  | 367 |  |  |  | 15 |  |  |  | 5 |  |  |  | 16 |  |  |  | 175 |  |  |  | 93 |  |  |  | - |  |  |  | 717 |
Special Mention |  |  | 94 |  |  |  | - |  |  |  | - |  |  |  | 44 |  |  |  | 75 |  |  |  | 23 |  |  |  | 97 |  |  |  | - |  |  |  | 332 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | 9 |  |  |  | - |  |  |  | 14 |
Total Other |  |  | 4,034 |  |  |  | 3,405 |  |  |  | 1,717 |  |  |  | 1,588 |  |  |  | 432 |  |  |  | 3,213 |  |  |  | 14,663 |  |  |  | - |  |  |  | 29,052 |
Total Consumer loans |  |  | 298,071 |  |  |  | 317,851 |  |  |  | 202,433 |  |  |  | 79,279 |  |  |  | 41,331 |  |  |  | 87,117 |  |  |  | 193,963 |  |  |  | - |  |  |  | 1,220,045 |
Total loans |  | $ | 955,802 |  |  |  | 735,661 |  |  |  | 447,470 |  |  |  | 257,328 |  |  |  | 195,538 |  |  |  | 344,363 |  |  |  | 335,274 |  |  |  | 1,927 |  |  |  | 3,273,363 |
Schedule of loan balances classified by credit quality indicators and loan categories |
|  | December 31, 2021 |
|  | Commercial |  |  | Consumer |  |  |  |
(dollars in thousands) |  | Owner occupied RE |  |  | Non-owner occupied RE |  |  | Construction |  |  | Business |  |  | Real Estate |  |  | Home Equity |  |  | Construction |  |  | Other |  |  | Total |
Pass |  | $ | 487,422 |  |  |  | 589,280 |  |  |  | 64,425 |  |  |  | 328,371 |  |  |  | 684,923 |  |  |  | 148,933 |  |  |  | 59,846 |  |  |  | 27,365 |  |  |  | 2,390,565 |
Special mention |  |  | 327 |  |  |  | 48,310 |  |  |  | - |  |  |  | 1,530 |  |  |  | 4,294 |  |  |  | 2,986 |  |  |  | - |  |  |  | 129 |  |  |  | 57,576 |
Substandard |  |  | 1,216 |  |  |  | 29,243 |  |  |  | - |  |  |  | 3,148 |  |  |  | 5,184 |  |  |  | 2,920 |  |  |  | - |  |  |  | 25 |  |  |  | 41,736 |
Total loans |  | $ | 488,965 |  |  |  | 666,833 |  |  |  | 64,425 |  |  |  | 333,049 |  |  |  | 694,401 |  |  |  | 154,839 |  |  |  | 59,846 |  |  |  | 27,519 |  |  |  | 2,489,877 |
Schedule of loan balances by payment status |
|  | December 31, 2022 |
(dollars in thousands) |  | Accruing 30-59 days past due |  |  | Accruing 60-89 days past due |  |  | Accruing 90 days or more past due |  |  | Nonaccrual loans |  |  | Accruing current |  |  | Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 612,901 |  |  |  | 612,901 |
Non-owner occupied RE |  |  | 119 |  |  |  | 757 |  |  |  | - |  |  |  | 247 |  |  |  | 861,456 |  |  |  | 862,579 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 109,726 |  |  |  | 109,726 |
Business |  |  | 24 |  |  |  | 1 |  |  |  | - |  |  |  | 182 |  |  |  | 467,905 |  |  |  | 468,112 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 330 |  |  |  | - |  |  |  | - |  |  |  | 1,099 |  |  |  | 929,849 |  |  |  | 931,278 |
Home equity |  |  | 50 |  |  |  | - |  |  |  | - |  |  |  | 1,099 |  |  |  | 178,151 |  |  |  | 179,300 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 80,415 |  |  |  | 80,415 |
Other |  |  | 88 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 28,964 |  |  |  | 29,052 |
Total loans |  | $ | 611 |  |  |  | 758 |  |  |  | - |  |  |  | 2,627 |  |  |  | 3,269,367 |  |  |  | 3,273,363 |
|  | December 31, 2021 |
(dollars in thousands) |  | Accruing 30-59 days past due |  |  | Accruing 60-89 days past due |  |  | Accruing 90 days or more past due |  |  | Nonaccrual loans |  |  | Accruing current |  |  | Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 488,965 |  |  |  | 488,965 |
Non-owner occupied RE |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,069 |  |  |  | 665,764 |  |  |  | 666,833 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 64,425 |  |  |  | 64,425 |
Business |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 333,049 |  |  |  | 333,049 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 136 |  |  |  | - |  |  |  | - |  |  |  | 1,750 |  |  |  | 692,515 |  |  |  | 694,401 |
Home equity |  |  | 417 |  |  |  | 174 |  |  |  | - |  |  |  | 2,045 |  |  |  | 152,203 |  |  |  | 154,839 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 59,846 |  |  |  | 59,846 |
Other |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 27,514 |  |  |  | 27,519 |
Total loans |  | $ | 558 |  |  |  | 174 |  |  |  | - |  |  |  | 4,864 |  |  |  | 2,484,281 |  |  |  | 2,489,877 |
Schedule of nonperforming assets, including nonaccruing TDRs |
|  | December 31, |
(dollars in thousands) |  | 2022 |  |  | 2021 |
Nonaccrual loans |  | $ | 831 |  |  |  | 1,912 |
Nonaccruing TDRs |  |  | 1,796 |  |  |  | 2,952 |
Total nonaccrual loans, including nonaccruing TDRs |  |  | 2,627 |  |  |  | 4,864 |
Other real estate owned |  |  | - |  |  |  | - |
Total nonperforming assets |  | $ | 2,627 |  |  |  | 4,864 |
Nonperforming assets as a percentage of: |  |  |  |  |  |  |  |
Total assets |  |  | 0.07 | % |  |  | 0.17 | %
Gross loans |  |  | 0.08 | % |  |  | 0.20 | %
Total loans over 90 days past due |  | $ | 402 |  |  |  | 554 |
Loans over 90 days past due and still accruing |  |  | - |  |  |  | - |
Accruing troubled debt restructurings |  |  | 4,503 |  |  |  | 3,299 |
Schedule of nonaccrual loans by major categories |
|  | CECL |  |  | Incurred loss |
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | Nonaccrual |  |  | Nonaccrual |  |  |  |  |  |  |
|  | loans |  |  | loans |  |  | Total |  |  | Total |
|  | with no |  |  | with an |  |  | nonaccrual |  |  | nonaccrual |
(dollars in thousands) |  | allowance |  |  | allowance |  |  | loans |  |  | loans |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-owner occupied RE |  |  | 114 |  |  |  | 133 |  |  |  | 247 |  |  |  | 1,070 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Business |  |  | - |  |  |  | 182 |  |  |  | 182 |  |  |  | - |
Total commercial |  |  | 114 |  |  |  | 315 |  |  |  | 429 |  |  |  | 1,070 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | - |  |  |  | 1,099 |  |  |  | 1,099 |  |  |  | 1,750 |
Home equity |  |  | 194 |  |  |  | 905 |  |  |  | 1,099 |  |  |  | 2,044 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total consumer |  |  | 194 |  |  |  | 2,004 |  |  |  | 2,198 |  |  |  | 3,794 |
Total |  | $ | 308 |  |  |  | 2,319 |  |  |  | 2,627 |  |  |  | 4,864 |
Schedule of key information for impaired loans |
|  |  |  |  |  |  |  |  |  | December 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 |  | $ | 1,261 |  |  |  | 1,261 |  |  |  | 1,261 |  |  |  | - |  |  |  | - |
Non-owner occupied RE |  |  | 2,012 |  |  |  | 1,070 |  |  |  | 270 |  |  |  | 800 |  |  |  | 171 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Business |  |  | 1,104 |  |  |  | 1,104 |  |  |  | - |  |  |  | 1,104 |  |  |  | 452 |
Total commercial |  |  | 4,377 |  |  |  | 3,435 |  |  |  | 1,531 |  |  |  | 1,904 |  |  |  | 623 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 2,638 |  |  |  | 2,561 |  |  |  | 1,743 |  |  |  | 818 |  |  |  | 144 |
Home equity |  |  | 2,206 |  |  |  | 2,044 |  |  |  | 1,989 |  |  |  | 55 |  |  |  | 55 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | 123 |  |  |  | 123 |  |  |  | - |  |  |  | 123 |  |  |  | 14 |
Total consumer |  |  | 4,967 |  |  |  | 4,728 |  |  |  | 3,732 |  |  |  | 996 |  |  |  | 213 |
Total |  | $ | 9,344 |  |  |  | 8,163 |  |  |  | 5,263 |  |  |  | 2,900 |  |  |  | 836 |
Schedule of average recorded investment and interest income recognized on impaired loans |
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
|  | Average |  |  | Recognized |  |  | Average |  |  | Recognized |
|  | recorded |  |  | interest |  |  | recorded |  |  | interest |
(dollars in thousands) |  | investment |  |  | income |  |  | investment |  |  | income |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | 1,387 |  |  |  | 65 |  |  |  | 2,423 |  |  |  | 88 |
Non-owner occupied RE |  |  | 3,128 |  |  |  | 182 |  |  |  | 4,217 |  |  |  | 221 |
Construction |  |  | 55 |  |  |  | - |  |  |  | 56 |  |  |  | 6 |
Business |  |  | 2,218 |  |  |  | 62 |  |  |  | 2,306 |  |  |  | 243 |
Total commercial |  |  | 6,788 |  |  |  | 309 |  |  |  | 9,002 |  |  |  | 558 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 3,641 |  |  |  | 98 |  |  |  | 3,372 |  |  |  | 170 |
Home equity |  |  | 1,964 |  |  |  | 85 |  |  |  | 2,128 |  |  |  | 5 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | 129 |  |  |  | 4 |  |  |  | 141 |  |  |  | 79 |
Total consumer |  |  | 5,734 |  |  |  | 187 |  |  |  | 5,641 |  |  |  | 254 |
Total |  | $ | 12,522 |  |  |  | 496 |  |  |  | 14,643 |  |  |  | 812 |
Schedule of activity related to the allowance for credit losses |
|  | Twelve months ended December 31, 2022 |
|  | 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 |  | $ | 4,700 |  |  |  | 10,518 |  |  |  | 625 |  |  |  | 4,887 |  |  |  | 7,083 |  |  |  | 1,697 |  |  |  | 578 |  |  |  | 320 |  |  |  | 30,408 |
Adjustment for CECL |  |  | (313 | ) |  |  | 333 |  |  |  | 154 |  |  |  | 1,057 |  |  |  | (294 | ) |  |  | 438 |  |  |  | 130 |  |  |  | (5 | ) |  |  | 1,500 |
Provision for credit losses |  |  | 1,480 |  |  |  | (2,015 | ) |  |  | 513 |  |  |  | 1,764 |  |  |  | 2,698 |  |  |  | 663 |  |  |  | 185 |  |  |  | 87 |  |  |  | 5,375 |
Loan charge-offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (55 | ) |  |  | - |  |  |  | (339 | ) |  |  | - |  |  |  | (91 | ) |  |  | (485 | )
Loan recoveries |  |  | - |  |  |  | 1,540 |  |  |  | - |  |  |  | 208 |  |  |  | - |  |  |  | 92 |  |  |  | - |  |  |  | 1 |  |  |  | 1,841 |
Net loan recoveries (charge-offs) |  |  | - |  |  |  | 1,540 |  |  |  | - |  |  |  | 153 |  |  |  | - |  |  |  | (247 | ) |  |  | - |  |  |  | (90 | ) |  |  | 1,356 |
Balance, end of period |  | $ | 5,867 |  |  |  | 10,376 |  |  |  | 1,292 |  |  |  | 7,861 |  |  |  | 9,487 |  |  |  | 2,551 |  |  |  | 893 |  |  |  | 312 |  |  |  | 38,639 |
Net recoveries to average loans (annualized) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.05 | %)
Allowance for credit losses to gross loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.18 | %
Allowance for credit losses to nonperforming loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1470.84 | %
|  | Twelve months ended December 31, 2021 |
|  | 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 |  | $ | 8,092 |  |  |  | 12,050 |  |  |  | 1,154 |  |  |  | 7,870 |  |  |  | 10,482 |  |  |  | 3,248 |  |  |  | 746 |  |  |  | 507 |  |  |  | 44,149 |
Provision for credit losses |  |  | (3,486 | ) |  |  | (958 | ) |  |  | (529 | ) |  |  | (2,041 | ) |  |  | (3,417 | ) |  |  | (1,613 | ) |  |  | (168 | ) |  |  | (188 | ) |  |  | (12,400 | )
Loan charge-offs |  |  | - |  |  |  | (837 | ) |  |  | - |  |  |  | (1,181 | ) |  |  | - |  |  |  | (139 | ) |  |  | - |  |  |  | (9 | ) |  |  | (2,166 | )
Loan recoveries |  |  | 94 |  |  |  | 263 |  |  |  | - |  |  |  | 239 |  |  |  | 18 |  |  |  | 201 |  |  |  | - |  |  |  | 10 |  |  |  | 825 |
Net loan recoveries (charge-offs) |  |  | 94 |  |  |  | (574 | ) |  |  | - |  |  |  | (942 | ) |  |  | 18 |  |  |  | 62 |  |  |  | - |  |  |  | 1 |  |  |  | (1,341 | )
Balance, end of period |  | $ | 4,700 |  |  |  | 10,518 |  |  |  | 625 |  |  |  | 4,887 |  |  |  | 7,083 |  |  |  | 1,697 |  |  |  | 578 |  |  |  | 320 |  |  |  | 30,408 |
|  | Twelve months ended December 31, 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 |  | $ | 2,782 |  |  |  | 4,305 |  |  |  | 541 |  |  |  | 3,716 |  |  |  | 3,308 |  |  |  | 1,446 |  |  |  | 268 |  |  |  | 276 |  |  |  | 16,642 |
Provision for credit losses |  |  | 5,339 |  |  |  | 8,583 |  |  |  | 613 |  |  |  | 4,993 |  |  |  | 7,290 |  |  |  | 2,032 |  |  |  | 478 |  |  |  | 272 |  |  |  | 29,600 |
Loan charge-offs |  |  | (94 | ) |  |  | (1,508 | ) |  |  | - |  |  |  | (1,309 | ) |  |  | (134 | ) |  |  | (299 | ) |  |  | - |  |  |  | (70 | ) |  |  | (3,414 | )
Loan recoveries |  |  | 65 |  |  |  | 670 |  |  |  | - |  |  |  | 470 |  |  |  | 18 |  |  |  | 69 |  |  |  | - |  |  |  | 29 |  |  |  | 1,321 |
Net loan recoveries (charge-offs) |  |  | (29 | ) |  |  | (838 | ) |  |  | - |  |  |  | (839 | ) |  |  | (116 | ) |  |  | (230 | ) |  |  | - |  |  |  | (41 | ) |  |  | (2,093 | )
Balance, end of period |  | $ | 8,092 |  |  |  | 12,050 |  |  |  | 1,154 |  |  |  | 7,870 |  |  |  | 10,482 |  |  |  | 3,248 |  |  |  | 746 |  |  |  | 507 |  |  |  | 44,149 |
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
(dollars in thousands) |  | Commercial |  |  | Consumer |  |  | Total |  |  | Commercial |  |  | Consumer |  |  | Total |
Balance, beginning of period |  | $ | 29,166 |  |  |  | 14,983 |  |  |  | 44,149 |  |  |  | 11,372 |  |  |  | 5,270 |  |  |  | 16,642 |
Provision |  |  | (7,014 | ) |  |  | (5,386 | ) |  |  | (12,400 | ) |  |  | 19,500 |  |  |  | 10,100 |  |  |  | 29,600 |
Loan charge-offs |  |  | (2,018 | ) |  |  | (148 | ) |  |  | (2,166 | ) |  |  | (2,911 | ) |  |  | (503 | ) |  |  | (3,414 | )
Loan recoveries |  |  | 596 |  |  |  | 229 |  |  |  | 825 |  |  |  | 1,205 |  |  |  | 116 |  |  |  | 1,321 |
Net loan charge-offs |  |  | (1,422 | ) |  |  | 81 |  |  |  | (1,341 | ) |  |  | (1,706 | ) |  |  | (387 | ) |  |  | (2,093 | )
Balance, end of period |  | $ | 20,730 |  |  |  | 9,678 |  |  |  | 30,408 |  |  |  | 29,166 |  |  |  | 14,983 |  |  |  | 44,149 |
Schedule of allowance for loan losses and recorded investment in loans by impairment methodology |
|  | December 31, 2021 |
|  | Allowance for loan losses |  |  | Recorded investment in loans |
(dollars in thousands) |  | Commercial |  |  | Consumer |  |  | Total |  |  | Commercial |  |  | Consumer |  |  | Total |
Individually evaluated |  | $ | 623 |  |  |  | 213 |  |  |  | 836 |  |  |  | 3,435 |  |  |  | 4,728 |  |  |  | 8,163 |
Collectively evaluated |  |  | 20,107 |  |  |  | 9,465 |  |  |  | 29,572 |  |  |  | 1,549,837 |  |  |  | 931,877 |  |  |  | 2,481,714 |
Total |  | $ | 20,730 |  |  |  | 9,678 |  |  |  | 30,408 |  |  |  | 1,553,272 |  |  |  | 936,605 |  |  |  | 2,489,877 |
Schedule of analysis of collateral-dependent loans |
|  | December 31, 2022 |
|  | Real |  |  | Business |  |  |  |  |  |  |
(dollars in thousands) |  | estate |  |  | assets |  |  | Other |  |  | Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-owner occupied RE |  |  | 114 |  |  |  | - |  |  |  | - |  |  |  | 114 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Business |  |  | 30 |  |  |  | - |  |  |  | - |  |  |  | 30 |
Total commercial |  |  | 144 |  |  |  | - |  |  |  | - |  |  |  | 144 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 207 |  |  |  | - |  |  |  | - |  |  |  | 207 |
Home equity |  |  | 194 |  |  |  | - |  |  |  | - |  |  |  | 194 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total consumer |  |  | 401 |  |  |  | - |  |  |  | - |  |  |  | 401 |
Total |  | $ | 545 |  |  |  | - |  |  |  | - |  |  |  | 545 |
Schedule of allowance for credit losses for unfunded loan commitments |
|  | Twelve months ended |
(dollars in thousands) |  | December 31, 2022 |
Balance, beginning of period |  |  | - |
Adjustment for adoption of CECL |  | $ | 2,000 |
Provision for credit losses |  |  | 780 |
Balance, end of period |  | $ | 2,780 |
Unfunded Loan Commitments |  |  | 878,324 |
Reserve for Unfunded Commitments to Unfunded Loan Commitments |  |  | 0.32 | %

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