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ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2023

Allowance for Loan Losses [Abstract]

Schedule of Allowance for credit losses for loan losses


		Commercial			Construction			Commercial												Reserve for
		and industrial			and land			real estate			Residential			Consumer			Total			unfunded commitments
Three months ended September 30, 2023
Allowance for credit losses
Beginning balance		$	3,647		$	317		$	14,167		$	959		$	10		$	19,100		$	300
Charge-offs			(27)			—			—			—			—			(27)			—
Recoveries			—			—			—			1			2			3			—
Provision for (reversal of) credit losses			883			(60)			(131)			36			(4)			724			(50)
Ending balance		$	4,503		$	257		$	14,036		$	996		$	8		$	19,800		$	250

Nine months ended September 30, 2023
Allowance for loan losses:
Beginning balance		$	2,885		$	68		$	14,185		$	1,742		$	20		$	18,900		$	315
Impact of CECL adoption			1,366			402			2			(302)			32			1,500			45
Charge-offs			(309)			—			—			(175)			(3)			(487)			—
Recoveries			80			—			2			1			5			88			—
Provision for (reversal) of credit losses			481			(213)			(153)			(270)			(46)			(201)			(110)
Ending balance		$	4,503		$	257		$	14,036		$	996		$	8		$	19,800		$	250

September 30, 2023
Allowance for credit losses:
Loans individually evaluated		$	1,572		$	—		$	309		$	2		$	—		$	1,883
Loans collectively evaluated			2,931			257			13,198			986			8			17,380
PCD loans			—			—			529			8			—			537

Loans receivable:
Individually evaluated		$	1,943		$	366		$	10,448		$	1,564		$	—		$	14,321
Collectively evaluated			168,795			8,038			1,664,631			85,539			639			1,927,642
PCD loans			205			—			26,066			496			—			26,767
Total loans		$	170,943		$	8,404		$	1,701,145		$	87,599		$	639		$	1,968,730


		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:
Loans individually evaluated		$	725		$	—		$	259		$	14		$	—		$	998
Loans collectively evaluated			2,231			62			13,584			1,155			20			17,052
PCD loans			—			—			—			—			—			—

Loans receivable:
Individually evaluated		$	2,620		$	—		$	12,382		$	2,126		$	—		$	17,128
Collectively evaluated			212,731			8,171			1,637,087			85,669			4,294			1,947,952
PCD 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

Schedule of amortized cost basis of individually evaluated collateral-dependent non-accrual loans by loan and collateral type


		Retail and						Convalescent									A/R and						Allowance for
		Office			Multifamily			facility			Other			SFR 1-4			Equipment			Total			Credit/Loan Losses
September 30, 2023
Commercial and industrial		$	—		$	—		$	—		$	1,021		$	—		$	923		$	1,944		$	1,572
Construction and land			—			—			—			—			366			—			366			—
Commercial real estate			1,048			5,316			2,213			1,880			—			—			10,457			309
Residential			—			—			—			—			1,554			—			1,554			2
Consumer			—			—			—			—			—			—			—			—
Total		$	1,048		$	5,316		$	2,213		$	2,901		$	1,920		$	923		$	14,321		$	1,883

December 31, 2022
Commercial and industrial		$	—		$	—		$	—		$	—		$	—		$	878		$	878		$	687
Construction and land			—			—			—			—			—			—			—			—
Commercial real estate			389			5,351			3,577			1,889			—			—			11,206			259
Residential			—			—			—			—			2,205			—			2,205			222
Consumer			—			—			—			—			—			—			—			—
Total		$	389		$	5,351		$	3,577		$	1,889		$	2,205		$	878		$	14,289		$	1,168

Schedule of amortized cost and allowance for credit losses for loans on non-accrual status


		As of September 30, 2023									As of December 31, 2022
		Nonaccrual			Nonaccrual						Nonaccrual			Nonaccrual
		with no allowance			with allowance			Total			with no allowance			with allowance			Total
		for credit losses			for credit losses			nonaccrual			for loan losses			for loan losses			nonaccrual
Commercial and industrial		$	—		$	1,944		$	1,944		$	—		$	878		$	878
Construction and land			366			—			366			—			—			—
Commercial real estate			7,793			2,664			10,457			10,734			472			11,206
Residential			1,401			153			1,554			1,991			214			2,205
Consumer			—			—			—			—			—			—
Total		$	9,560		$	4,761		$	14,321		$	12,725		$	1,564		$	14,289