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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Allowance for Loan Losses by Class of Financing Receivable and Allowance

A breakdown of the allowance for loan losses as of June 30, 2019, December 31, 2018, and June 30, 2018, by class of financing receivable and allowance element, is presented in the following tables:

As of June 30, 2019	Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves on Loans Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate	$	196,000			$	789,000			$	2,624,000			$	—			$	3,609,000
Construction	—				72,000				237,000				—				309,000
Other	1,320,000				457,000				1,504,000				—				3,281,000
Municipal	—				—				25,000				—				25,000
Residential
Term	305,000				197,000				604,000				—				1,106,000
Construction	—				6,000				17,000				—				23,000
Home equity line of credit	9,000				156,000				468,000				—				633,000
Consumer	—				279,000				370,000				—				649,000
Unallocated	—				—				—				1,836,000				1,836,000
	$	1,830,000			$	1,956,000			$	5,849,000			$	1,836,000			$	11,471,000

As of December 31, 2018	Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves on Loans Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate	$	260,000			$	742,000			$	2,565,000			$	—			$	3,567,000
Construction	—				57,000				198,000				—				255,000
Other	1,696,000				414,000				1,431,000				—				3,541,000
Municipal	—				—				24,000				—				24,000
Residential
Term	335,000				326,000				574,000				—				1,235,000
Construction	—				12,000				22,000				—				34,000
Home equity line of credit	17,000				263,000				450,000				—				730,000
Consumer	—				271,000				359,000				—				630,000
Unallocated	—				—				—				1,216,000				1,216,000
	$	2,308,000			$	2,085,000			$	5,623,000			$	1,216,000			$	11,232,000

As of June 30, 2018	Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves on Loans Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate	$	270,000			$	1,067,000			$	2,395,000			$	—			$	3,732,000
Construction	—				123,000				276,000				—				399,000
Other	1,647,000				563,000				1,265,000				—				3,475,000
Municipal	—				—				21,000				—				21,000
Residential
Term	286,000				311,000				541,000				—				1,138,000
Construction	—				10,000				19,000				—				29,000
Home equity line of credit	2,000				287,000				389,000				—				678,000
Consumer	—				269,000				306,000				—				575,000
Unallocated	—				—				—				1,425,000				1,425,000
	$	2,205,000			$	2,630,000			$	5,212,000			$	1,425,000			$	11,472,000

Summary of Risk Ratings for Loans

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of June 30, 2019:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	3,683,000			$	39,000			$	3,722,000
2 Above Average	12,912,000				36,000				4,813,000				33,549,000				51,310,000
3 Satisfactory	81,155,000				2,380,000				43,635,000				398,000				127,568,000
4 Average	183,012,000				20,854,000				90,772,000				2,127,000				296,765,000
5 Watch	61,807,000				9,254,000				50,417,000				—				121,478,000
6 OAEM	1,461,000				—				1,906,000				—				3,367,000
7 Substandard	19,234,000				261,000				10,684,000				—				30,179,000
8 Doubtful	—				—				—				—				—
Total	$	359,581,000			$	32,785,000			$	205,910,000			$	36,113,000			$	634,389,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of December 31, 2018:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	3,444,000			$	—			$	3,444,000
2 Above Average	10,484,000				37,000				4,564,000				48,800,000				63,885,000
3 Satisfactory	80,266,000				2,231,000				46,090,000				518,000				129,105,000
4 Average	172,597,000				18,780,000				82,081,000				1,810,000				275,268,000
5 Watch	66,325,000				5,970,000				45,546,000				—				117,841,000
6 OAEM	6,890,000				—				1,805,000				—				8,695,000
7 Substandard	16,558,000				286,000				12,861,000				—				29,705,000
8 Doubtful	123,000				—				—				—				123,000
Total	$	353,243,000			$	27,304,000			$	196,391,000			$	51,128,000			$	628,066,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of June 30, 2018:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	1,404,000			$	—			$	1,404,000
2 Above Average	12,404,000				39,000				5,500,000				44,997,000				62,940,000
3 Satisfactory	73,164,000				3,027,000				40,950,000				603,000				117,744,000
4 Average	195,119,000				18,081,000				81,255,000				3,117,000				297,572,000
5 Watch	50,088,000				18,875,000				38,705,000				—				107,668,000
6 OAEM	1,410,000				—				1,373,000				—				2,783,000
7 Substandard	17,806,000				286,000				15,531,000				—				33,623,000
8 Doubtful	123,000				—				—				—				123,000
Total	$	350,114,000			$	40,308,000			$	184,718,000			$	48,717,000			$	623,857,000

Allowance for Loan Losses Transactions

The following table presents allowance for loan losses activity by class for the six months and quarter ended June 30, 2019, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2019:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 2019
Beginning balance	$	3,567,000		$	255,000		$	3,541,000		$	24,000		$	1,235,000		$	34,000		$	730,000		$	630,000		$	1,216,000		$	11,232,000
Charge offs	53,000			—			109,000			—			93,000			—			38,000			187,000			—			480,000
Recoveries	13,000			—			2,000			—			6,000			—			2,000			71,000			—			94,000
Provision (credit)	82,000			54,000			(153,000		)	1,000			(42,000		)	(11,000		)	(61,000		)	135,000			620,000			625,000
Ending balance	$	3,609,000		$	309,000		$	3,281,000		$	25,000		$	1,106,000		$	23,000		$	633,000		$	649,000		$	1,836,000		$	11,471,000
For the three months ended June 30, 2019
Beginning balance	$	3,632,000		$	325,000		$	3,430,000		$	25,000		$	1,114,000		$	30,000		$	630,000		$	660,000		$	1,644,000		$	11,490,000
Charge offs	53,000			—			108,000			—			44,000			—			—			124,000			—			329,000
Recoveries	5,000			—			1,000			—			3,000			—			1,000			50,000			—			60,000
Provision (credit)	25,000			(16,000		)	(42,000		)	—			33,000			(7,000		)	2,000			63,000			192,000			250,000
Ending balance	$	3,609,000		$	309,000		$	3,281,000		$	25,000		$	1,106,000		$	23,000		$	633,000		$	649,000		$	1,836,000		$	11,471,000
Allowance for loan losses as of June 30, 2019
Ending balance specifically evaluated for impairment	$	196,000		$	—		$	1,320,000		$	—		$	305,000		$	—		$	9,000		$	—		$	—		$	1,830,000
Ending balance collectively evaluated for impairment	$	3,413,000		$	309,000		$	1,961,000		$	25,000		$	801,000		$	23,000		$	624,000		$	649,000		$	1,836,000		$	9,641,000
Related loan balances as of June 30, 2019
Ending balance	$	359,581,000		$	32,785,000		$	205,910,000		$	36,113,000		$	481,349,000		$	13,239,000		$	94,763,000		$	25,392,000		$	—		$	1,249,132,000
Ending balance specifically evaluated for impairment	$	8,961,000		$	982,000		$	7,582,000		$	—		$	12,636,000		$	—		$	1,019,000		$	—		$	—		$	31,180,000
Ending balance collectively evaluated for impairment	$	350,620,000		$	31,803,000		$	198,328,000		$	36,113,000		$	468,713,000		$	13,239,000		$	93,744,000		$	25,392,000		$	—		$	1,217,952,000

The following table presents allowance for loan losses activity by class for the year ended December 31, 2018 and allowance for loan loss balances by class and related loan balances by class as of December 31, 2018:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the year ended December 31, 2018
Beginning balance	$	3,872,000		$	434,000		$	3,358,000		$	20,000		$	1,130,000		$	36,000		$	692,000		$	545,000		$	642,000		$	10,729,000
Charge offs	168,000			—			423,000			—			213,000			—			121,000			348,000			—			1,273,000
Recoveries	52,000			—			40,000			—			64,000			—			24,000			96,000			—			276,000
Provision (credit)	(189,000		)	(179,000		)	566,000			4,000			254,000			(2,000		)	135,000			337,000			574,000			1,500,000
Ending balance	$	3,567,000		$	255,000		$	3,541,000		$	24,000		$	1,235,000		$	34,000		$	730,000		$	630,000		$	1,216,000		$	11,232,000
Allowance for loan losses as of December 31, 2018
Ending balance specifically evaluated for impairment	$	260,000		$	—		$	1,696,000		$	—		$	335,000		$	—		$	17,000		$	—		$	—		$	2,308,000
Ending balance collectively evaluated for impairment	$	3,307,000		$	255,000		$	1,845,000		$	24,000		$	900,000		$	34,000		$	713,000		$	630,000		$	1,216,000		$	8,924,000
Related loan balances as of December 31, 2018
Ending balance	$	353,243,000		$	27,304,000		$	196,391,000		$	51,128,000		$	469,145,000		$	17,743,000		$	98,469,000		$	24,860,000		$	—		$	1,238,283,000
Ending balance specifically evaluated for impairment	$	9,760,000		$	721,000		$	9,259,000		$	—		$	10,904,000		$	—		$	1,092,000		$	15,000		$	—		$	31,751,000
Ending balance collectively evaluated for impairment	$	343,483,000		$	26,583,000		$	187,132,000		$	51,128,000		$	458,241,000		$	17,743,000		$	97,377,000		$	24,845,000		$	—		$	1,206,532,000

The following table presents allowance for loan losses activity by class for the six months and quarter ended June 30, 2018, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2018:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 2018
Beginning balance	$	3,872,000		$	434,000		$	3,358,000		$	20,000		$	1,130,000		$	36,000		$	692,000		$	545,000		$	642,000		$	10,729,000
Charge offs	—			—			17,000			—			96,000			—			115,000			145,000			—			373,000
Recoveries	—			—			10,000			—			42,000			—			13,000			51,000			—			116,000
Provision (credit)	(140,000		)	(35,000		)	124,000			1,000			62,000			(7,000		)	88,000			124,000			783,000			1,000,000
Ending balance	$	3,732,000		$	399,000		$	3,475,000		$	21,000		$	1,138,000		$	29,000		$	678,000		$	575,000		$	1,425,000		$	11,472,000
For the three months ended June 30, 2018
Beginning balance	$	3,732,000		$	396,000		$	3,540,000		$	21,000		$	1,129,000		$	31,000		$	716,000		$	581,000		$	811,000		$	10,957,000
Charge offs	—			—			—			—			15,000			—			—			40,000			—			55,000
Recoveries	—			—			4,000			—			38,000			—			2,000			26,000			—			70,000
Provision (credit)	—			3,000			(69,000		)	—			(14,000		)	(2,000		)	(40,000		)	8,000			614,000			500,000
Ending balance	$	3,732,000		$	399,000		$	3,475,000		$	21,000		$	1,138,000		$	29,000		$	678,000		$	575,000		$	1,425,000		$	11,472,000
Allowance for loan losses as of June 30, 2018
Ending balance specifically evaluated for impairment	$	270,000		$	—		$	1,647,000		$	—		$	286,000		$	—		$	2,000		$	—		$	—		$	2,205,000
Ending balance collectively evaluated for impairment	$	3,462,000		$	399,000		$	1,828,000		$	21,000		$	852,000		$	29,000		$	676,000		$	575,000		$	1,425,000		$	9,267,000
Related loan balances as of June 30, 2018
Ending balance	$	350,114,000		$	40,308,000		$	184,718,000		$	48,717,000		$	453,588,000		$	14,583,000		$	107,666,000		$	24,746,000		$	—		$	1,224,440,000
Ending balance specifically evaluated for impairment	$	8,908,000		$	1,027,000		$	9,439,000		$	—		$	11,774,000		$	—		$	1,028,000		$	16,000		$	—		$	32,192,000
Ending balance collectively evaluated for impairment	$	341,206,000		$	39,281,000		$	175,279,000		$	48,717,000		$	441,814,000		$	14,583,000		$	106,638,000		$	24,730,000		$	—		$	1,192,248,000

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- Definition

Tabular disclosure for the roll forward of change in allowance for loan losses from period to period and related loan balances.

+ References

No definition available.

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447

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X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953659-111524

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