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Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 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 September 30, 2019, December 31, 2018, and September 30, 2018, by class of financing receivable and allowance element, is presented in the following tables:

As of September 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	$	258,000			$	792,000			$	2,745,000			$	—			$	3,795,000
Construction	—				79,000				274,000				—				353,000
Other	1,275,000				436,000				1,509,000				—				3,220,000
Municipal	—				—				26,000				—				26,000
Residential
Term	337,000				185,000				615,000				—				1,137,000
Construction	—				5,000				18,000				—				23,000
Home equity line of credit	184,000				155,000				485,000				—				824,000
Consumer	6,000				285,000				389,000				—				680,000
Unallocated	—				—				—				1,707,000				1,707,000
	$	2,060,000			$	1,937,000			$	6,061,000			$	1,707,000			$	11,765,000

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 September 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	$	265,000			$	758,000			$	2,566,000			$	—			$	3,589,000
Construction	—				49,000				165,000				—				214,000
Other	1,890,000				388,000				1,313,000				—				3,591,000
Municipal	—				—				23,000				—				23,000
Residential
Term	238,000				313,000				541,000				—				1,092,000
Construction	—				13,000				23,000				—				36,000
Home equity line of credit	7,000				280,000				432,000				—				719,000
Consumer	2,000				397,000				341,000				—				740,000
Unallocated	—				—				—				1,678,000				1,678,000
	$	2,402,000			$	2,198,000			$	5,404,000			$	1,678,000			$	11,682,000

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 September 30, 2019:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	3,835,000			$	35,000			$	3,870,000
2 Above Average	12,595,000				34,000				5,836,000				33,768,000				52,233,000
3 Satisfactory	84,567,000				2,154,000				45,742,000				386,000				132,849,000
4 Average	186,605,000				20,931,000				85,485,000				2,333,000				295,354,000
5 Watch	67,674,000				13,867,000				48,498,000				—				130,039,000
6 OAEM	504,000				—				2,070,000				—				2,574,000
7 Substandard	16,220,000				256,000				10,393,000				—				26,869,000
8 Doubtful	—				—				—				—				—
Total	$	368,165,000			$	37,242,000			$	201,859,000			$	36,522,000			$	643,788,000

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 September 30, 2018:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	2,558,000			$	—			$	2,558,000
2 Above Average	10,710,000				38,000				4,845,000				55,553,000				71,146,000
3 Satisfactory	78,794,000				1,810,000				44,888,000				552,000				126,044,000
4 Average	196,883,000				16,331,000				80,171,000				599,000				293,984,000
5 Watch	62,036,000				5,424,000				39,176,000				—				106,636,000
6 OAEM	1,387,000				—				1,368,000				—				2,755,000
7 Substandard	16,457,000				286,000				15,122,000				—				31,865,000
8 Doubtful	123,000				—				—				—				123,000
Total	$	366,390,000			$	23,889,000			$	188,128,000			$	56,704,000			$	635,111,000

Allowance for Loan Losses Transactions

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

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the nine months ended September 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			—			123,000			—			93,000			—			38,000			235,000			—			542,000
Recoveries	15,000			—			70,000			—			10,000			—			3,000			102,000			—			200,000
Provision (credit)	266,000			98,000			(268,000		)	2,000			(15,000		)	(11,000		)	129,000			183,000			491,000			875,000
Ending balance	$	3,795,000		$	353,000		$	3,220,000		$	26,000		$	1,137,000		$	23,000		$	824,000		$	680,000		$	1,707,000		$	11,765,000
For the three months ended September 30, 2019
Beginning 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
Charge offs	—			—			14,000			—			—			—			—			48,000			—			62,000
Recoveries	2,000			—			68,000			—			4,000			—			1,000			31,000			—			106,000
Provision (credit)	184,000			44,000			(115,000		)	1,000			27,000			—			190,000			48,000			(129,000		)	250,000
Ending balance	$	3,795,000		$	353,000		$	3,220,000		$	26,000		$	1,137,000		$	23,000		$	824,000		$	680,000		$	1,707,000		$	11,765,000
Allowance for loan losses as of September 30, 2019
Ending balance specifically evaluated for impairment	$	258,000		$	—		$	1,275,000		$	—		$	337,000		$	—		$	184,000		$	6,000		$	—		$	2,060,000
Ending balance collectively evaluated for impairment	$	3,537,000		$	353,000		$	1,945,000		$	26,000		$	800,000		$	23,000		$	640,000		$	674,000		$	1,707,000		$	9,705,000
Related loan balances as of September 30, 2019
Ending balance	$	368,165,000		$	37,242,000		$	201,859,000		$	36,522,000		$	485,490,000		$	14,118,000		$	94,144,000		$	25,919,000		$	—		$	1,263,459,000
Ending balance specifically evaluated for impairment	$	9,049,000		$	978,000		$	7,332,000		$	—		$	13,446,000		$	—		$	1,398,000		$	6,000		$	—		$	32,209,000
Ending balance collectively evaluated for impairment	$	359,116,000		$	36,264,000		$	194,527,000		$	36,522,000		$	472,044,000		$	14,118,000		$	92,746,000		$	25,913,000		$	—		$	1,231,250,000

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 nine months and quarter ended September 30, 2018, and allowance for loan loss balances by class and related loan balances by class as of September 30, 2018:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the nine months ended September 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	—			—			68,000			—			212,000			—			121,000			195,000			—			596,000
Recoveries	52,000			—			33,000			—			45,000			—			13,000			73,000			—			216,000
Provision (credit)	(335,000		)	(220,000		)	268,000			3,000			129,000			—			135,000			317,000			1,036,000			1,333,000
Ending balance	$	3,589,000		$	214,000		$	3,591,000		$	23,000		$	1,092,000		$	36,000		$	719,000		$	740,000		$	1,678,000		$	11,682,000
For the three months ended September 30, 2018
Beginning 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
Charge offs	—			—			51,000			—			116,000			—			6,000			50,000			—			223,000
Recoveries	52,000			—			23,000			—			3,000			—			—			22,000			—			100,000
Provision (credit)	(195,000		)	(185,000		)	144,000			2,000			67,000			7,000			47,000			193,000			253,000			333,000
Ending balance	$	3,589,000		$	214,000		$	3,591,000		$	23,000		$	1,092,000		$	36,000		$	719,000		$	740,000		$	1,678,000		$	11,682,000
Allowance for loan losses as of September 30, 2018
Ending balance specifically evaluated for impairment	$	265,000		$	—		$	1,890,000		$	—		$	238,000		$	—		$	7,000		$	2,000		$	—		$	2,402,000
Ending balance collectively evaluated for impairment	$	3,324,000		$	214,000		$	1,701,000		$	23,000		$	854,000		$	36,000		$	712,000		$	738,000		$	1,678,000		$	9,280,000
Related loan balances as of September 30, 2018
Ending balance	$	366,390,000		$	23,889,000		$	188,128,000		$	56,704,000		$	459,449,000		$	18,166,000		$	105,213,000		$	25,619,000		$	—		$	1,243,558,000
Ending balance specifically evaluated for impairment	$	9,410,000		$	741,000		$	9,849,000		$	—		$	10,928,000		$	—		$	1,168,000		$	2,000		$	—		$	32,098,000
Ending balance collectively evaluated for impairment	$	356,980,000		$	23,148,000		$	178,279,000		$	56,704,000		$	448,521,000		$	18,166,000		$	104,045,000		$	25,617,000		$	—		$	1,211,460,000

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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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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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