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Loans (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of Composition of Loan Portfolio

The following table shows the composition of the Company's loan portfolio as of March 31, 2021 and 2020 and at December 31, 2020:

			March 31, 2021												December 31, 2020												March 31, 2020
Commercial
Real estate			$	469,974,000					31.0			%			$	442,121,000					29.9			%			$	382,753,000					28.5			%
Construction			53,394,000						3.5			%			56,565,000						3.8			%			43,913,000						3.3			%
Other			297,488,000						19.6			%			285,015,000						19.3			%			237,896,000						17.7			%
Municipal			49,476,000						3.3			%			43,783,000						3.0			%			43,537,000						3.2			%
Residential
Term			520,317,000						34.3			%			522,070,000						35.3			%			500,971,000						37.3			%
Construction			24,796,000						1.6			%			21,600,000						1.5			%			15,202,000						1.1			%
Home equity line of credit			77,210,000						5.1			%			79,750,000						5.4			%			90,674,000						6.7			%
Consumer			24,117,000						1.6			%			25,857,000						1.8			%			29,262,000						2.2			%
Total			$	1,516,772,000					100.0			%			$	1,476,761,000					100.0			%			$	1,344,208,000					100.0			%

Schedule of Past Due Loans Aging

For all loan classes, loans over 30 days past due are considered delinquent. Information on the past-due status of loans by class of financing receivable as of March 31, 2021, 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			$	186,000					$	—					$	283,000					$	469,000					$	469,505,000					$	469,974,000					$	—
Construction			47,000						—						80,000						127,000						53,267,000						53,394,000						—
Other			696,000						11,000						628,000						1,335,000						296,153,000						297,488,000						9,000
Municipal			—						—						—						—						49,476,000						49,476,000						—
Residential
Term			1,183,000						148,000						958,000						2,289,000						518,028,000						520,317,000						71,000
Construction			111,000						—						—						111,000						24,685,000						24,796,000						—
Home equity line of credit			547,000						45,000						408,000						1,000,000						76,210,000						77,210,000						—
Consumer			284,000						2,000						5,000						291,000						23,826,000						24,117,000						5,000
Total			$	3,054,000					$	206,000					$	2,362,000					$	5,622,000					$	1,511,150,000					$	1,516,772,000					$	85,000

Information on the past-due status of loans by class of financing receivable as of December 31, 2020, 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			$	139,000					$	190,000					$	226,000					$	555,000					$	441,566,000					$	442,121,000					$	—
Construction			13,000						—						80,000						93,000						56,472,000						56,565,000						—
Other			490,000						62,000						2,082,000						2,634,000						282,381,000						285,015,000						1,464,000
Municipal			—						—						—						—						43,783,000						43,783,000						—
Residential
Term			540,000						1,799,000						1,616,000						3,955,000						518,115,000						522,070,000						23,000
Construction			—						—						—						—						21,600,000						21,600,000						—
Home equity line of credit			1,645,000						324,000						367,000						2,336,000						77,414,000						79,750,000						—
Consumer			89,000						42,000						18,000						149,000						25,708,000						25,857,000						18,000
Total			$	2,916,000					$	2,417,000					$	4,389,000					$	9,722,000					$	1,467,039,000					$	1,476,761,000					$	1,505,000

Information on the past-due status of loans by class of financing receivable as of March 31, 2020, 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			$	2,935,000					$	2,000					$	1,297,000					$	4,234,000					$	378,519,000					$	382,753,000					$	22,000
Construction			59,000						—						246,000						305,000						43,608,000						43,913,000						—
Other			1,678,000						295,000						3,895,000						5,868,000						232,028,000						237,896,000						3,536,000
Municipal			—						—						—						—						43,537,000						43,537,000						—
Residential
Term			4,270,000						171,000						3,320,000						7,761,000						493,210,000						500,971,000						192,000
Construction			—						—						—						—						15,202,000						15,202,000						—
Home equity line of credit			1,566,000						264,000						1,481,000						3,311,000						87,363,000						90,674,000						—
Consumer			250,000						18,000						82,000						350,000						28,912,000						29,262,000						20,000
Total			$	10,758,000					$	750,000					$	10,321,000					$	21,829,000					$	1,322,379,000					$	1,344,208,000					$	3,770,000

Schedule of Modification Statuses by Portfolio Segment

Modification statuses by portfolio segment are summarized below:

Commercial/Municipal Loan Modifications
			Units			Percentage			Balance			Percentage
Paid Off			90			15.0		%	$	14,002,000		6.0		%
Subsequent Modification			30			5.0		%	30,435,000			13.0		%
Still in Original Modification			11			2.0		%	1,595,000			1.0		%
Out of Modification			475			78.0		%	193,212,000			80.0		%
Total			606			100.0		%	$	239,244,000		100.0		%
Residential Real Estate Modifications
			Units			Percentage			Balance			Percentage
Paid Off			41			11.0		%	$	8,269,000		16.0		%
Subsequent Modification			136			38.0		%	16,595,000			32.0		%
Still in Original Modification			16			4.0		%	1,853,000			4.0		%
Out of Modification			170			47.0		%	24,960,000			48.0		%
Total			363			100.0		%	$	51,677,000		100.0		%

Consumer Loan Modifications
			Units			Percentage			Balance			Percentage
Paid Off			17			25.0		%	$	129,000		12.0		%
Subsequent Modification			2			3.0		%	62,000			6.0		%
Still in Original Modification			2			3.0		%	27,000			2.0		%
Out of Modification			47			69.0		%	864,000			80.0		%
Total			68			100.0		%	$	1,082,000		100.0		%

Schedule of Nonaccrual Loans

Information on nonaccrual loans as of March 31, 2021 and 2020 and at December 31, 2020 is presented in the following table:

			March 31, 2021						December 31, 2020						March 31, 2020
Commercial
Real estate			$	748,000					$	543,000					$	1,748,000
Construction			89,000						89,000						246,000
Other			1,675,000						1,481,000						457,000
Municipal			—						—						—
Residential
Term			3,577,000						3,593,000						5,615,000
Construction			—						—						—
Home equity line of credit			852,000						1,015,000						1,916,000
Consumer			—						—						66,000
Total			$	6,941,000					$	6,721,000					$	10,048,000

Schedule of 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, 2021 is presented in the following table:

																					For the three months ended March 31, 2021
			Recorded Investment						Unpaid Principal Balance						Related Allowance						Average Recorded Investment						Recognized Interest Income
With No Related Allowance
Commercial
Real estate			$	2,223,000					$	2,550,000					$	—					$	2,179,000					$	17,000
Construction			89,000						89,000						—						89,000						—
Other			1,593,000						1,650,000						—						1,654,000						5,000
Municipal			—						—						—						—						—
Residential
Term			7,183,000						8,416,000						—						7,184,000						35,000
Construction			—						—						—						—						—
Home equity line of credit			852,000						928,000						—						872,000						—
Consumer			7,000						7,000						—						7,000						—
			$	11,947,000					$	13,640,000					$	—					$	11,985,000					$	57,000
With an Allowance Recorded
Commercial
Real estate			$	978,000					$	1,013,000					$	174,000					$	968,000					$	9,000
Construction			681,000						681,000						21,000						681,000						6,000
Other			627,000						643,000						563,000						525,000						—
Municipal			—						—						—						—						—
Residential
Term			2,084,000						2,113,000						142,000						1,957,000						16,000
Construction			—						—						—						—						—
Home equity line of credit			23,000						23,000						—						8,000						—
Consumer			—						—						—						—						—
			$	4,393,000					$	4,473,000					$	900,000					$	4,139,000					$	31,000
Total
Commercial
Real estate			$	3,201,000					$	3,563,000					$	174,000					$	3,147,000					$	26,000
Construction			770,000						770,000						21,000						770,000						6,000
Other			2,220,000						2,293,000						563,000						2,179,000						5,000
Municipal			—						—						—						—						—
Residential
Term			9,267,000						10,529,000						142,000						9,141,000						51,000
Construction			—						—						—						—						—
Home equity line of credit			875,000						951,000						—						880,000						—
Consumer			7,000						7,000						—						7,000						—
			$	16,340,000					$	18,113,000					$	900,000					$	16,124,000					$	88,000

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, 2020 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			$	2,060,000					$	2,368,000					$	—					$	4,123,000					$	127,000
Construction			89,000						89,000						—						358,000						—
Other			1,591,000						1,623,000						—						999,000						15,000
Municipal			—						—						—						—						—
Residential
Term			7,335,000						8,629,000						—						8,773,000						193,000
Construction			—						—						—						—						—
Home equity line of credit			1,015,000						1,089,000						—						1,219,000						—
Consumer			8,000						8,000						—						1,000						1,000
			$	12,098,000					$	13,806,000					$	—					$	15,473,000					$	336,000
With an Allowance Recorded
Commercial
Real estate			$	969,000					$	995,000					$	112,000					$	1,018,000					$	43,000
Construction			681,000						681,000						18,000						579,000						30,000
Other			188,000						202,000						169,000						1,193,000						3,000
Municipal			—						—						—						—						—
Residential
Term			2,079,000						2,134,000						163,000						2,073,000						65,000
Construction			—						—						—						—						—
Home equity line of credit			24,000						24,000						—						744,000						1,000
Consumer			—						—						—						8,000						—
			$	3,941,000					$	4,036,000					$	462,000					$	5,615,000					$	142,000
Total
Commercial
Real estate			$	3,029,000					$	3,363,000					$	112,000					$	5,141,000					$	170,000
Construction			770,000						770,000						18,000						937,000						30,000
Other			1,779,000						1,825,000						169,000						2,192,000						18,000
Municipal			—						—						—						—						—
Residential
Term			9,414,000						10,763,000						163,000						10,846,000						258,000
Construction			—						—						—						—						—
Home equity line of credit			1,039,000						1,113,000						—						1,963,000						1,000
Consumer			8,000						8,000						—						9,000						1,000
			$	16,039,000					$	17,842,000					$	462,000					$	21,088,000					$	478,000

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2020 is presented in the following table:

																					For the three months ended March 31, 2020
			Recorded Investment						Unpaid Principal Balance						Related Allowance						Average Recorded Investment						Recognized Interest Income
With No Related Allowance
Commercial
Real estate			$	5,162,000					$	5,421,000					$	—					$	5,157,000					$	47,000
Construction			246,000						265,000						—						717,000						—
Other			818,000						848,000						—						793,000						3,000
Municipal			—						—						—						—						—
Residential
Term			10,378,000						12,135,000						—						10,015,000						67,000
Construction			—						—						—						—						—
Home equity line of credit			1,232,000						1,306,000						—						1,185,000						4,000
Consumer			—						—						—						—						—
			$	17,836,000					$	19,975,000					$	—					$	17,867,000					$	121,000
With an Allowance Recorded
Commercial
Real estate			$	1,061,000					$	1,082,000					$	230,000					$	1,064,000					$	8,000
Construction			701,000						701,000						3,000						234,000						10,000
Other			172,000						194,000						172,000						4,269,000						—
Municipal			—						—						—						—						—
Residential
Term			1,660,000						1,755,000						233,000						1,999,000						13,000
Construction			—						—						—						—						—
Home equity line of credit			996,000						1,002,000						296,000						1,124,000						—
Consumer			67,000						67,000						58,000						26,000						—
			$	4,657,000					$	4,801,000					$	992,000					$	8,716,000					$	31,000
Total
Commercial
Real estate			$	6,223,000					$	6,503,000					$	230,000					$	6,221,000					$	55,000
Construction			947,000						966,000						3,000						951,000						10,000
Other			990,000						1,042,000						172,000						5,062,000						3,000
Municipal			—						—						—						—						—
Residential
Term			12,038,000						13,890,000						233,000						12,014,000						80,000
Construction			—						—						—						—						—
Home equity line of credit			2,228,000						2,308,000						296,000						2,309,000						4,000
Consumer			67,000						67,000						58,000						26,000						—
			$	22,493,000					$	24,776,000					$	992,000					$	26,583,000					$	152,000

Schedule of Troubled Debt Restructurings on Financing Receivables

The following table shows TDRs by class and the specific reserve as of March 31, 2021:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			13						$	2,525,000					$	174,000
Construction			1						681,000						21,000
Other			7						964,000						358,000
Municipal			—						—						—
Residential
Term			49						6,947,000						142,000
Construction			—						—						—
Home equity line of credit			2						182,000						—
Consumer			1						7,000						—
			73						$	11,306,000					$	695,000

The following table shows TDRs by class and the specific reserve as of December 31, 2020:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			13						$	2,558,000					$	106,000
Construction			1						681,000						18,000
Other			6						717,000						96,000
Municipal			—						—						—
Residential
Term			51						7,384,000						149,000
Construction			—						—						—
Home equity line of credit			2						186,000						—
Consumer			1						8,000						—
			74						$	11,534,000					$	369,000

The following table shows TDRs by class and the specific reserve as of March 31, 2020:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			16						$	4,688,000					$	225,000
Construction			1						701,000						3,000
Other			7						779,000						131,000
Municipal			—						—						—
Residential
Term			54						8,321,000						197,000
Construction			—						—						—
Home equity line of credit			3						479,000						—
Consumer			—						—						—
			81						$	14,968,000					$	556,000

As of March 31, 2021, 11 of the loans classified as TDRs with a total balance of $1,017,000 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, 2021:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			2						$	72,000					$	72,000
Construction			—						—						—
Other			4						419,000						92,000
Municipal			—						—						—
Residential
Term			4						366,000						—
Construction			—						—						—
Home equity line of credit			1						160,000						—
Consumer			—						—						—
			11						$	1,017,000					$	164,000

As of March 31, 2020, 22 of the loans classified as TDRs with a total balance of $3,622,000 were more than 30 days past due. Of these loans, one 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, 2020:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			2						$	618,000					$	—
Construction			—						—						—
Other			4						540,000						131,000
Municipal			—						—						—
Residential
Term			15						2,297,000						24,000
Construction			—						—						—
Home equity line of credit			1						167,000						—
Consumer			—						—						—
			22						$	3,622,000					$	155,000

For the three months ended March 31, 2021, one loan was placed on TDR status. The following table shows this TDR, by class and the associated specific reserve included in the allowance for loan losses as of March 31, 2021:

			Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment						Specific Reserves
Commercial
Real estate			—						$	—					$	—					$	—
Construction			—						—						—						—
Other			1						262,000						262,000						262,000
Municipal			—						—						—						—
Residential
Term			—						—						—						—
Construction			—						—						—						—
Home equity line of credit			—						—						—						—
Consumer			—						—						—						—
			1						$	262,000					$	262,000					$	262,000

For the three months ended March 31, 2020, two 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, 2020:

			Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment						Specific Reserves
Commercial
Real estate			—						$	—					$	—					$	—
Construction			—						—						—						—
Other			—						—						—						—
Municipal			—						—						—						—
Residential
Term			2						235,000						190,000						—
Construction			—						—						—						—
Home equity line of credit			—						—						—						—
Consumer			—						—						—						—
			2						$	235,000					$	190,000					$	—

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Financing Receivable, Modification Statuses

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Tabular disclosure of the composition of loans contained in the loan portfolio.

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Tabular disclosure of impaired financing receivables.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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Tabular disclosure of aging analysis for financing receivable.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953401-111524

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
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