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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Allowance for Loan Losses by Class of Financing Receivable and Allowance

A breakdown of the allowance for loan losses as of March 31, 2020, December 31, 2019, and March 31, 2019, by class of financing receivable and allowance element, is presented in the following tables:

As of March 31, 2020	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	$	230,000			$	687,000			$	2,945,000			$	—			$	3,862,000
Construction	3,000				80,000				341,000				—				424,000
Other	172,000				426,000				1,829,000				—				2,427,000
Municipal	—				—				29,000				—				29,000
Residential
Term	233,000				300,000				693,000				—				1,226,000
Construction	—				10,000				22,000				—				32,000
Home equity line of credit	296,000				168,000				548,000				—				1,012,000
Consumer	58,000				228,000				439,000				—				725,000
Unallocated	—				—				—				2,121,000				2,121,000
	$	992,000			$	1,899,000			$	6,846,000			$	2,121,000			$	11,858,000

As of December 31, 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	$	251,000			$	729,000			$	2,762,000			$	—			$	3,742,000
Construction	—				76,000				289,000				—				365,000
Other	1,273,000				430,000				1,626,000				—				3,329,000
Municipal	—				—				27,000				—				27,000
Residential
Term	237,000				153,000				634,000				—				1,024,000
Construction	—				5,000				20,000				—				25,000
Home equity line of credit	447,000				130,000				501,000				—				1,078,000
Consumer	5,000				460,000				402,000				—				867,000
Unallocated	—				—				—				1,182,000				1,182,000
	$	2,213,000			$	1,983,000			$	6,261,000			$	1,182,000			$	11,639,000

As of March 31, 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	$	233,000			$	790,000			$	2,609,000			$	—			$	3,632,000
Construction	—				76,000				249,000				—				325,000
Other	1,485,000				452,000				1,493,000				—				3,430,000
Municipal	—				—				25,000				—				25,000
Residential
Term	348,000				182,000				584,000				—				1,114,000
Construction	—				7,000				23,000				—				30,000
Home equity line of credit	7,000				158,000				465,000				—				630,000
Consumer	2,000				290,000				368,000				—				660,000
Unallocated	—				—				—				1,644,000				1,644,000
	$	2,075,000			$	1,955,000			$	5,816,000			$	1,644,000			$	11,490,000

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 March 31, 2020:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	4,559,000			$	28,000			$	4,587,000
2 Above Average	10,222,000				842,000				5,933,000				40,340,000				57,337,000
3 Satisfactory	83,905,000				1,873,000				40,255,000				372,000				126,405,000
4 Average	203,263,000				26,029,000				131,664,000				2,797,000				363,753,000
5 Watch	68,618,000				14,702,000				46,357,000				—				129,677,000
6 OAEM	1,834,000				—				2,824,000				—				4,658,000
7 Substandard	14,911,000				467,000				6,304,000				—				21,682,000
8 Doubtful	—				—				—				—				—
Total	$	382,753,000			$	43,913,000			$	237,896,000			$	43,537,000			$	708,099,000

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, 2019:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	4,258,000			$	32,000			$	4,290,000
2 Above Average	12,393,000				794,000				6,187,000				38,290,000				57,664,000
3 Satisfactory	74,709,000				2,305,000				41,527,000				379,000				118,920,000
4 Average	205,510,000				19,017,000				107,389,000				2,587,000				334,503,000
5 Watch	63,582,000				15,488,000				47,152,000				—				126,222,000
6 OAEM	1,160,000				—				1,988,000				—				3,148,000
7 Substandard	15,456,000				480,000				10,272,000				—				26,208,000
8 Doubtful	—				—				—				—				—
Total	$	372,810,000			$	38,084,000			$	218,773,000			$	41,288,000			$	670,955,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of March 31, 2019:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	—			$	—			$	3,630,000			$	43,000			$	3,673,000
2 Above Average	10,097,000				36,000				4,447,000				51,806,000				66,386,000
3 Satisfactory	82,595,000				2,352,000				43,963,000				450,000				129,360,000
4 Average	179,290,000				23,267,000				89,825,000				1,947,000				294,329,000
5 Watch	63,503,000				8,290,000				50,619,000				—				122,412,000
6 OAEM	2,847,000				—				1,993,000				—				4,840,000
7 Substandard	19,305,000				286,000				10,985,000				—				30,576,000
8 Doubtful	123,000				—				—				—				123,000
Total	$	357,760,000			$	34,231,000			$	205,462,000			$	54,246,000			$	651,699,000

Allowance for Loan Losses Transactions

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2020, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2020:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 2020
Beginning balance	$	3,742,000		$	365,000		$	3,329,000		$	27,000		$	1,024,000		$	25,000		$	1,078,000		$	867,000		$	1,182,000		$	11,639,000
Charge offs	—			—			—			—			2,000			—			153,000			100,000			—			255,000
Recoveries	—			—			20,000			—			10,000			—			1,000			43,000			—			74,000
Provision (credit)	120,000			59,000			(922,000		)	2,000			194,000			7,000			86,000			(85,000		)	939,000			400,000
Ending balance	$	3,862,000		$	424,000		$	2,427,000		$	29,000		$	1,226,000		$	32,000		$	1,012,000		$	725,000		$	2,121,000		$	11,858,000
Allowance for loan losses as of March 31, 2020
Ending balance specifically evaluated for impairment	$	230,000		$	3,000		$	172,000		$	—		$	233,000		$	—		$	296,000		$	58,000		$	—		$	992,000
Ending balance collectively evaluated for impairment	$	3,632,000		$	421,000		$	2,255,000		$	29,000		$	993,000		$	32,000		$	716,000		$	667,000		$	2,121,000		$	10,866,000
Related loan balances as of March 31, 2020
Ending balance	$	382,753,000		$	43,913,000		$	237,896,000		$	43,537,000		$	500,971,000		$	15,202,000		$	90,674,000		$	29,262,000		$	—		$	1,344,208,000
Ending balance specifically evaluated for impairment	$	6,223,000		$	947,000		$	990,000		$	—		$	12,038,000		$	—		$	2,228,000		$	67,000		$	—		$	22,493,000
Ending balance collectively evaluated for impairment	$	376,530,000		$	42,966,000		$	236,906,000		$	43,537,000		$	488,933,000		$	15,202,000		$	88,446,000		$	29,195,000		$	—		$	1,321,715,000

The following table presents allowance for loan losses activity by class for the year ended December 31, 2019 and allowance for loan loss balances by class and related loan balances by class as of December 31, 2019:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the year ended December 31, 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	89,000			—			179,000			—			445,000			—			69,000			338,000			—			1,120,000
Recoveries	15,000			—			73,000			—			57,000			—			4,000			128,000			—			277,000
Provision (credit)	249,000			110,000			(106,000		)	3,000			177,000			(9,000		)	413,000			447,000			(34,000		)	1,250,000
Ending balance	$	3,742,000		$	365,000		$	3,329,000		$	27,000		$	1,024,000		$	25,000		$	1,078,000		$	867,000		$	1,182,000		$	11,639,000
Allowance for loan losses as of December 31, 2019
Ending balance specifically evaluated for impairment	$	251,000		$	—		$	1,273,000		$	—		$	237,000		$	—		$	447,000		$	5,000		$	—		$	2,213,000
Ending balance collectively evaluated for impairment	$	3,491,000		$	365,000		$	2,056,000		$	27,000		$	787,000		$	25,000		$	631,000		$	862,000		$	1,182,000		$	9,426,000
Related loan balances as of December 31, 2019
Ending balance	$	372,810,000		$	38,084,000		$	218,773,000		$	41,288,000		$	492,455,000		$	14,813,000		$	92,349,000		$	26,503,000		$	—		$	1,297,075,000
Ending balance specifically evaluated for impairment	$	6,309,000		$	958,000		$	7,075,000		$	—		$	12,439,000		$	—		$	2,488,000		$	5,000		$	—		$	29,274,000
Ending balance collectively evaluated for impairment	$	366,501,000		$	37,126,000		$	211,698,000		$	41,288,000		$	480,016,000		$	14,813,000		$	89,861,000		$	26,498,000		$	—		$	1,267,801,000

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2019, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2019:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 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	—			—			1,000			—			49,000			—			38,000			63,000			—			151,000
Recoveries	8,000			—			1,000			—			3,000			—			1,000			21,000			—			34,000
Provision (credit)	57,000			70,000			(111,000		)	1,000			(75,000		)	(4,000		)	(63,000		)	72,000			428,000			375,000
Ending 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
Allowance for loan losses as of March 31, 2019
Ending balance specifically evaluated for impairment	$	233,000		$	—		$	1,485,000		$	—		$	348,000		$	—		$	7,000		$	2,000		$	—		$	2,075,000
Ending balance collectively evaluated for impairment	$	3,399,000		$	325,000		$	1,945,000		$	25,000		$	766,000		$	30,000		$	623,000		$	658,000		$	1,644,000		$	9,415,000
Related loan balances as of March 31, 2019
Ending balance	$	357,760,000		$	34,231,000		$	205,462,000		$	54,246,000		$	474,241,000		$	18,450,000		$	95,692,000		$	24,557,000		$	—		$	1,264,639,000
Ending balance specifically evaluated for impairment	$	9,957,000		$	1,007,000		$	7,653,000		$	—		$	10,919,000		$	—		$	1,030,000		$	2,000		$	—		$	30,568,000
Ending balance collectively evaluated for impairment	$	347,803,000		$	33,224,000		$	197,809,000		$	54,246,000		$	463,322,000		$	18,450,000		$	94,662,000		$	24,555,000		$	—		$	1,234,071,000

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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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