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ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2022

Allowance for Loan Losses [Abstract]

Schedule of Allowance for credit losses for loan losses

The following tables summarize the Company’s allowance for loan losses and loan balances individually and collectively evaluated for impairment by type of loan as of or for the three and nine months ended September 30, 2022 and 2021:


		Commercial			Construction			Commercial
		and industrial			and land			real estate			Residential			Consumer			Total
Three months ended September 30, 2022
Allowance for loan losses
Beginning balance		$	2,871		$	74		$	13,830		$	1,007		$	18		$	17,800
Charge-offs			(1,095)			—			—			—			—			(1,095)
Recoveries			151			—			—			—			—			151
Provision for (reversal of) loan losses			1,029			(12)			13			162			2			1,194
Ending balance		$	2,956		$	62		$	13,843		$	1,169		$	20		$	18,050

Nine months ended September 30, 2022
Allowance for loan losses
Beginning balance		$	3,261		$	175		$	12,709		$	1,536		$	19		$	17,700
Charge-offs			(3,620)			—			(1)			(6)			(6)			(3,633)
Recoveries			159			—			—			—			—			159
Provision for (reversal of) loan losses			3,156			(113)			1,135			(361)			7			3,824
Ending balance		$	2,956		$	62		$	13,843		$	1,169		$	20		$	18,050

September 30, 2022
Allowance for loan losses by methodology:
Loans individually evaluated for impairment		$	725		$	—		$	259		$	14		$	—		$	998
Loans collectively evaluated for impairment			2,231			62			13,584			1,155			20			17,052
PCI loans			—			—			—			—			—			—

Loans receivable by methodology:
Individually evaluated for impairment		$	2,620		$	—		$	12,382		$	2,126		$	—		$	17,128
Collectively evaluated for impairment			212,731			8,171			1,637,087			85,669			4,294			1,947,952
PCI loans			4,163			4,060			20,814			1,107			—			30,144
Total loans		$	219,514		$	12,231		$	1,670,283		$	88,902		$	4,294		$	1,995,224


		Commercial			Construction			Commercial
		and industrial			and land			real estate			Residential			Consumer			Total
Three months ended September 30, 2021
Allowance for loan losses
Beginning balance		$	3,645		$	224		$	11,328		$	1,782		$	21		$	17,000
Charge-offs			(180)			—			(1)			—			—			(181)
Recoveries			3			1			—			—			—			4
Provision for (reversal of) loan losses			(113)			15			717			(141)			(1)			477
Ending balance		$	3,355		$	240		$	12,044		$	1,641		$	20		$	17,300

Nine months ended September 30, 2021
Allowance for loan losses
Beginning balance		$	4,042		$	378		$	11,211		$	1,856		$	13		$	17,500
Charge-offs			(182)			—			(1)			—			—			(183)
Recoveries			9			4			—			—			—			13
Provision for (reversal of) loan losses			(514)			(142)			834			(215)			7			(30)
Ending balance		$	3,355		$	240		$	12,044		$	1,641		$	20		$	17,300

September 30, 2021
Allowance for loan losses by methodology:
Loans individually evaluated for impairment		$	580		$	—		$	98		$	22		$	—		$	700
Loans collectively evaluated for impairment			2,775			240			11,928			1,616			20			16,579
PCI loans			—			—			18			3			—			21

Loans receivable by methodology:
Individually evaluated for impairment		$	692		$	36		$	5,681		$	1,688		$	—		$	8,097
Collectively evaluated for impairment			282,635			16,348			1,199,601			121,487			4,060			1,624,131
PCI loans			304			40			10,329			1,900			—			12,573
Total loans		$	283,631		$	16,424		$	1,215,611		$	125,075		$	4,060		$	1,644,801