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Loans (Tables)

3 Months Ended

Mar. 31, 2019

Loans and Leases Receivable Disclosure [Abstract]

Composition of Loan Portfolio

The following table shows the composition of the Company's loan portfolio as of March 31, 2019 and 2018 and at December 31, 2018:

	March 31, 2019						December 31, 2018						March 31, 2018
Commercial
Real estate	$	357,760,000			28.3	%	$	353,243,000			28.5	%	$	339,306,000			28.6	%
Construction	34,231,000				2.7	%	27,304,000				2.2	%	43,813,000				3.7	%
Other	205,462,000				16.2	%	196,391,000				15.9	%	177,783,000				15.0	%
Municipal	54,246,000				4.3	%	51,128,000				4.1	%	35,463,000				3.0	%
Residential
Term	474,241,000				37.5	%	469,145,000				37.9	%	439,984,000				37.0	%
Construction	18,450,000				1.5	%	17,743,000				1.4	%	15,847,000				1.3	%
Home equity line of credit	95,692,000				7.6	%	98,469,000				8.0	%	110,298,000				9.3	%
Consumer	24,557,000				1.9	%	24,860,000				2.0	%	25,508,000				2.1	%
Total	$	1,264,639,000			100.0	%	$	1,238,283,000			100.0	%	$	1,188,002,000			100.0	%

Past Due Loans Aging

Information on the past-due status of loans by class of financing receivable as of March 31, 2019, is presented in the following table:

	30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due				All Past Due				Current				Total				90+ Days & Accruing
Commercial
Real estate	$	282,000			$	825,000			$	621,000			$	1,728,000			$	356,032,000			$	357,760,000			$	—
Construction	47,000				—				286,000				333,000				33,898,000				34,231,000				—
Other	664,000				63,000				303,000				1,030,000				204,432,000				205,462,000				—
Municipal	—				—				—				—				54,246,000				54,246,000				—
Residential
Term	2,659,000				1,153,000				1,434,000				5,246,000				468,995,000				474,241,000				—
Construction	—				—				—				—				18,450,000				18,450,000				—
Home equity line of credit	1,985,000				11,000				369,000				2,365,000				93,327,000				95,692,000				—
Consumer	411,000				163,000				4,000				578,000				23,979,000				24,557,000				4,000
Total	$	6,048,000			$	2,215,000			$	3,017,000			$	11,280,000			$	1,253,359,000			$	1,264,639,000			$	4,000

Information on the past-due status of loans by class of financing receivable as of December 31, 2018, is presented in the following table:

	30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due				All Past Due				Current				Total				90+ Days & Accruing
Commercial
Real estate	$	1,274,000			$	—			$	777,000			$	2,051,000			$	351,192,000			$	353,243,000			$	—
Construction	—				10,000				—				10,000				27,294,000				27,304,000				—
Other	455,000				5,000				120,000				580,000				195,811,000				196,391,000				—
Municipal	—				—				—				—				51,128,000				51,128,000				—
Residential
Term	1,097,000				3,518,000				2,023,000				6,638,000				462,507,000				469,145,000				339,000
Construction	76,000				—				—				76,000				17,667,000				17,743,000				—
Home equity line of credit	2,819,000				419,000				493,000				3,731,000				94,738,000				98,469,000				—
Consumer	237,000				25,000				27,000				289,000				24,571,000				24,860,000				12,000
Total	$	5,958,000			$	3,977,000			$	3,440,000			$	13,375,000			$	1,224,908,000			$	1,238,283,000			$	351,000

Information on the past-due status of loans by class of financing receivable as of March 31, 2018, is presented in the following table:

	30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due				All Past Due				Current				Total				90+ Days & Accruing
Commercial
Real estate	$	963,000			$	17,000			$	202,000			$	1,182,000			$	338,124,000			$	339,306,000			$	—
Construction	347,000				—				—				347,000				43,466,000				43,813,000				—
Other	6,887,000				52,000				294,000				7,233,000				170,550,000				177,783,000				—
Municipal	—				—				—				—				35,463,000				35,463,000				—
Residential
Term	3,175,000				345,000				1,880,000				5,400,000				434,584,000				439,984,000				—
Construction	—				—				—				—				15,847,000				15,847,000				—
Home equity line of credit	449,000				438,000				664,000				1,551,000				108,747,000				110,298,000				126,000
Consumer	119,000				8,000				27,000				154,000				25,354,000				25,508,000				11,000
Total	$	11,940,000			$	860,000			$	3,067,000			$	15,867,000			$	1,172,135,000			$	1,188,002,000			$	137,000

Nonaccrual Loans

Information on nonaccrual loans as of March 31, 2019 and 2018 and at December 31, 2018 is presented in the following table:

	March 31, 2019				December 31, 2018				March 31, 2018
Commercial
Real estate	$	1,468,000			$	1,226,000			$	1,021,000
Construction	286,000				—				—
Other	7,067,000				8,664,000				8,895,000
Municipal	—				—				—
Residential
Term	4,211,000				4,062,000				3,654,000
Construction	—				—				—
Home equity line of credit	702,000				760,000				697,000
Consumer	2,000				15,000				16,000
Total	$	13,736,000			$	14,727,000			$	14,283,000

Impaired Loans by Class of Financing Receivable

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2019 is presented in the following table:

													For the three months ended March 31, 2019
	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	8,391,000			$	8,779,000			$	—			$	8,741,000			$	90,000
Construction	1,007,000				1,007,000				—				817,000				12,000
Other	709,000				734,000				—				1,207,000				6,000
Municipal	—				—				—				—				—
Residential
Term	8,926,000				10,345,000				—				9,007,000				68,000
Construction	—				—				—				—				—
Home equity line of credit	1,009,000				1,071,000				—				976,000				5,000
Consumer	—				—				—				—				—
	$	20,042,000			$	21,936,000			$	—			$	20,748,000			$	181,000
With an Allowance Recorded
Commercial
Real estate	$	1,566,000			$	1,583,000			$	233,000			$	1,215,000			$	26,000
Construction	—				—				—				—				—
Other	6,944,000				7,315,000				1,485,000				7,511,000				—
Municipal	—				—				—				—				—
Residential
Term	1,993,000				2,131,000				348,000				1,845,000				17,000
Construction	—				—				—				—				—
Home equity line of credit	21,000				25,000				7,000				29,000				—
Consumer	2,000				2,000				2,000				1,000				—
	$	10,526,000			$	11,056,000			$	2,075,000			$	10,601,000			$	43,000
Total
Commercial
Real estate	$	9,957,000			$	10,362,000			$	233,000			$	9,956,000			$	116,000
Construction	1,007,000				1,007,000				—				817,000				12,000
Other	7,653,000				8,049,000				1,485,000				8,718,000				6,000
Municipal	—				—				—				—				—
Residential
Term	10,919,000				12,476,000				348,000				10,852,000				85,000
Construction	—				—				—				—				—
Home equity line of credit	1,030,000				1,096,000				7,000				1,005,000				5,000
Consumer	2,000				2,000				2,000				1,000				—
	$	30,568,000			$	32,992,000			$	2,075,000			$	31,349,000			$	224,000

Substantially all interest income recognized on impaired loans for all classes of financing receivables was recognized on a cash basis as received.

A breakdown of impaired loans by class of financing receivable as of and for the year ended December 31, 2018 is presented in the following table:

	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	8,718,000			$	9,161,000			$	—			$	5,536,000			$	380,000
Construction	721,000				721,000				—				762,000				43,000
Other	1,468,000				1,555,000				—				2,037,000				32,000
Municipal	—				—				—				—				—
Residential
Term	9,136,000				10,317,000				—				9,427,000				289,000
Construction	—				—				—				—				—
Home equity line of credit	972,000				1,035,000				—				1,001,000				20,000
Consumer	15,000				42,000				—				13,000				—
	$	21,030,000			$	22,831,000			$	—			$	18,776,000			$	764,000
With an Allowance Recorded
Commercial
Real estate	$	1,042,000			$	1,059,000			$	260,000			$	3,477,000			$	42,000
Construction	—				—				—				—				—
Other	7,791,000				8,216,000				1,696,000				7,471,000				5,000
Municipal	—				—				—				—				—
Residential
Term	1,768,000				1,998,000				335,000				1,982,000				53,000
Construction	—				—				—				—				—
Home equity line of credit	120,000				124,000				17,000				99,000				—
Consumer	—				—				—				—				—
	$	10,721,000			$	11,397,000			$	2,308,000			$	13,029,000			$	100,000
Total
Commercial
Real estate	$	9,760,000			$	10,220,000			$	260,000			$	9,013,000			$	422,000
Construction	721,000				721,000				—				762,000				43,000
Other	9,259,000				9,771,000				1,696,000				9,508,000				37,000
Municipal	—				—				—				—				—
Residential
Term	10,904,000				12,315,000				335,000				11,409,000				342,000
Construction	—				—				—				—				—
Home equity line of credit	1,092,000				1,159,000				17,000				1,100,000				20,000
Consumer	15,000				42,000				—				13,000				—
	$	31,751,000			$	34,228,000			$	2,308,000			$	31,805,000			$	864,000

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2018 is presented in the following table:

													For the three months ended March 31, 2018
	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	5,054,000			$	5,269,000			$	—			$	4,163,000			$	54,000
Construction	741,000				741,000				—				741,000				10,000
Other	2,281,000				2,360,000				—				2,302,000				6,000
Municipal	—				—				—				—				—
Residential
Term	9,594,000				10,733,000				—				9,700,000				71,000
Construction	—				—				—				—				—
Home equity line of credit	917,000				1,008,000				—				1,090,000				5,000
Consumer	16,000				29,000				—				16,000				—
	$	18,603,000			$	20,140,000			$	—			$	18,012,000			$	146,000
With an Allowance Recorded
Commercial
Real estate	$	3,897,000			$	4,002,000			$	254,000			$	3,889,000			$	39,000
Construction	—				—				—				—				—
Other	7,159,000				7,324,000				1,664,000				7,182,000				—
Municipal	—				—				—				—				—
Residential
Term	1,934,000				2,146,000				272,000				1,968,000				24,000
Construction	—				—				—				—				—
Home equity line of credit	122,000				125,000				16,000				70,000				—
Consumer	—				—				—				—				—
	$	13,112,000			$	13,597,000			$	2,206,000			$	13,109,000			$	63,000
Total
Commercial
Real estate	$	8,951,000			$	9,271,000			$	254,000			$	8,052,000			$	93,000
Construction	741,000				741,000				—				741,000				10,000
Other	9,440,000				9,684,000				1,664,000				9,484,000				6,000
Municipal	—				—				—				—				—
Residential
Term	11,528,000				12,879,000				272,000				11,668,000				95,000
Construction	—				—				—				—				—
Home equity line of credit	1,039,000				1,133,000				16,000				1,160,000				5,000
Consumer	16,000				29,000				—				16,000				—
	$	31,715,000			$	33,737,000			$	2,206,000			$	31,121,000			$	209,000

Troubled Debt Restructurings on Financing Receivables

The following table shows TDRs by class and the specific reserve as of March 31, 2019:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	17			$	8,583,000			$	107,000
Construction	1			721,000				—
Other	10			7,257,000				1,275,000
Municipal	—			—				—
Residential
Term	49			8,331,000				225,000
Construction	—			—				—
Home equity line of credit	3			494,000				—
Consumer	—			—				—
	80			$	25,386,000			$	1,607,000

The following table shows TDRs by class and the specific reserve as of December 31, 2018:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	17			$	8,631,000			$	132,000
Construction	1			721,000				—
Other	10			7,298,000				1,276,000
Municipal	—			—				—
Residential
Term	45			8,074,000				160,000
Construction	—			—				—
Home equity line of credit	3			498,000				—
Consumer	—			—				—
	76			$	25,222,000			$	1,568,000

The following table shows TDRs by class and the specific reserve as of March 31, 2018:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	15			$	8,030,000			$	132,000
Construction	1			741,000				—
Other	4			546,000				—
Municipal	—			—				—
Residential
Term	46			8,883,000				271,000
Construction	—			—				—
Home equity line of credit	3			509,000				—
Consumer	—			—				—
	69			$	18,709,000			$	403,000

As of March 31, 2019, 10 of the loans classified as TDRs with a total balance of $1,129,000 were more than 30 days past due. Of these loans, three had been placed on TDR status in the previous 12 months. The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2019:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	—			$	—			$	—
Construction	—			—				—
Other	4			261,000				134,000
Municipal	—			—				—
Residential
Term	5			701,000				36,000
Construction	—			—				—
Home equity line of credit	1			167,000				—
Consumer	—			—				—
	10			$	1,129,000			$	170,000

As of March 31, 2018, seven of the loans classified as TDRs with a total balance of $810,000 were more than 30 days past due. Of these loans, none had been placed on TDR status in the previous 12 months. The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2018:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	—			$	—			$	—
Construction	—			—				—
Other	—			—				—
Municipal	—			—				—
Residential
Term	6			643,000				45,000
Construction	—			—				—
Home equity line of credit	1			167,000				—
Consumer	—			—				—
	7			$	810,000			$	45,000

For the three months ended March 31, 2019, five loans were placed on TDR status. The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2019:

	Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Specific Reserves
Commercial
Real estate	—			$	—			$	—			$	—
Construction	—			—				—				—
Other	—			—				—				—
Municipal	—			—				—				—
Residential
Term	5			573,000				554,000				74,000
Construction	—			—				—				—
Home equity line of credit	—			—				—				—
Consumer	—			—				—				—
	5			$	573,000			$	554,000			$	74,000

For the three months ended March 31, 2018, seven loans were placed on TDR status. The following table shows these TDRs by class and associated specific reserves included in the allowance for loan losses as of March 31, 2018.

	Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Specific Reserves
Commercial
Real estate	7			$	1,056,000			$	1,056,000			$	36,000
Construction	—			—				—				—
Other	—			—				—				—
Municipal	—			—				—				—
Residential
Term	—			—				—				—
Construction	—			—				—				—
Home equity line of credit	—			—				—				—
Consumer	—			—				—				—
	7			$	1,056,000			$	1,056,000			$	36,000

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