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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021, December 31, 2020, and June 30, 2020, by class of financing receivable and allowance element, is presented in the following tables:

As of June 30, 2021			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			$	167,000					$	850,000					$	5,071,000					$	—					$	6,088,000
Construction			19,000						105,000						626,000						—						750,000
Other			403,000						482,000						2,872,000						—						3,757,000
Municipal			—						—						187,000						—						187,000
Residential
Term			118,000						202,000						2,576,000						—						2,896,000
Construction			—						12,000						148,000						—						160,000
Home equity line of credit			—						116,000						843,000						—						959,000
Consumer			—						285,000						607,000						—						892,000
Unallocated			—						—						—						1,345,000						1,345,000
			$	707,000					$	2,052,000					$	12,930,000					$	1,345,000					$	17,034,000

As of December 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			$	112,000					$	721,000					$	4,345,000					$	—					$	5,178,000
Construction			18,000						92,000						552,000						—						662,000
Other			169,000						465,000						2,804,000						—						3,438,000
Municipal			—						—						171,000						—						171,000
Residential
Term			163,000						145,000						2,271,000						—						2,579,000
Construction			—						6,000						96,000						—						102,000
Home equity line of credit			—						151,000						1,060,000						—						1,211,000
Consumer			—						282,000						496,000						—						778,000
Unallocated			—						—						—						2,134,000						2,134,000
			$	462,000					$	1,862,000					$	11,795,000					$	2,134,000					$	16,253,000

As of June 30, 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			$	199,000					$	631,000					$	3,681,000					$	—					$	4,511,000
Construction			20,000						74,000						430,000						—						524,000
Other			132,000						521,000						3,036,000						—						3,689,000
Municipal			—						—						110,000						—						110,000
Residential
Term			269,000						285,000						1,707,000						—						2,261,000
Construction			—						9,000						55,000						—						64,000
Home equity line of credit			292,000						99,000						893,000						—						1,284,000
Consumer			5,000						195,000						458,000						—						658,000
Unallocated			—						—						—						1,009,000						1,009,000
			$	917,000					$	1,814,000					$	10,370,000					$	1,009,000					$	14,110,000

Schedule 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, 2021:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,117,000					$	12,000					$	2,129,000
2 Above Average			8,237,000						181,000						3,742,000						39,240,000						51,400,000
3 Satisfactory			100,934,000						1,928,000						97,205,000						361,000						200,428,000
4 Average			329,498,000						42,928,000						140,406,000						1,466,000						514,298,000
5 Watch			79,155,000						20,757,000						49,674,000						—						149,586,000
6 OAEM			2,250,000						—						35,000						—						2,285,000
7 Substandard			7,341,000						—						5,568,000						—						12,909,000
8 Doubtful			—						—						—						—						—
Total			$	527,415,000					$	65,794,000					$	298,747,000					$	41,079,000					$	933,035,000

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, 2020:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,402,000					$	19,000					$	2,421,000
2 Above Average			5,938,000						2,343,000						6,326,000						41,939,000						56,546,000
3 Satisfactory			91,475,000						2,889,000						104,432,000						369,000						199,165,000
4 Average			261,539,000						31,221,000						120,570,000						1,456,000						414,786,000
5 Watch			72,840,000						19,893,000						44,293,000						—						137,026,000
6 OAEM			2,754,000						—						234,000						—						2,988,000
7 Substandard			7,575,000						219,000						6,758,000						—						14,552,000
8 Doubtful			—						—						—						—						—
Total			$	442,121,000					$	56,565,000					$	285,015,000					$	43,783,000					$	827,484,000

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, 2020:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	3,893,000					$	27,000					$	3,920,000
2 Above Average			9,390,000						1,288,000						4,213,000						46,371,000						61,262,000
3 Satisfactory			85,033,000						1,972,000						140,125,000						369,000						227,499,000
4 Average			218,270,000						25,716,000						123,909,000						2,877,000						370,772,000
5 Watch			67,527,000						17,748,000						46,855,000						—						132,130,000
6 OAEM			2,714,000						—						2,692,000						—						5,406,000
7 Substandard			14,221,000						445,000						6,280,000						—						20,946,000
8 Doubtful			—						—						—						—						—
Total			$	397,155,000					$	47,169,000					$	327,967,000					$	49,644,000					$	821,935,000

Schedule of 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, 2021, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2021:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 2021
Beginning balance			$	5,178,000		$	662,000		$	3,438,000		$	171,000		$	2,579,000		$	102,000		$	1,211,000		$	778,000		$	2,134,000		$	16,253,000
Charge offs			5,000			—			286,000			—			41,000			—			—			147,000			—			479,000
Recoveries			95,000			—			2,000			—			9,000			—			48,000			56,000			—			210,000
Provision (credit)			820,000			88,000			603,000			16,000			349,000			58,000			(300,000)			205,000			(789,000)			1,050,000
Ending balance			$	6,088,000		$	750,000		$	3,757,000		$	187,000		$	2,896,000		$	160,000		$	959,000		$	892,000		$	1,345,000		$	17,034,000
For the three months ended June 30, 2021
Beginning balance			$	5,741,000		$	649,000		$	4,080,000		$	185,000		$	2,962,000		$	131,000		$	947,000		$	872,000		$	1,027,000		$	16,594,000
Charge offs			—			—			144,000			—			12,000			—			—			44,000			—			200,000
Recoveries			30,000			—			2,000			—			3,000			—			47,000			33,000			—			115,000
Provision (credit)			317,000			101,000			(181,000)			2,000			(57,000)			29,000			(35,000)			31,000			318,000			525,000
Ending balance			$	6,088,000		$	750,000		$	3,757,000		$	187,000		$	2,896,000		$	160,000		$	959,000		$	892,000		$	1,345,000		$	17,034,000
Allowance for loan losses as of June 30, 2021
Ending balance specifically evaluated for impairment			$	167,000		$	19,000		$	403,000		$	—		$	118,000		$	—		$	—		$	—		$	—		$	707,000
Ending balance collectively evaluated for impairment			$	5,921,000		$	731,000		$	3,354,000		$	187,000		$	2,778,000		$	160,000		$	959,000		$	892,000		$	1,345,000		$	16,327,000
Related loan balances as of June 30, 2021
Ending balance			$	527,415,000		$	65,794,000		$	298,747,000		$	41,079,000		$	523,344,000		$	29,818,000		$	77,709,000		$	24,358,000		$	—		$	1,588,264,000
Ending balance specifically evaluated for impairment			$	3,074,000		$	787,000		$	1,989,000		$	—		$	9,126,000		$	—		$	596,000		$	6,000		$	—		$	15,578,000
Ending balance collectively evaluated for impairment			$	524,341,000		$	65,007,000		$	296,758,000		$	41,079,000		$	514,218,000		$	29,818,000		$	77,113,000		$	24,352,000		$	—		$	1,572,686,000

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

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the year ended December 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			1,088,000			—			27,000			—			66,000			—			153,000			327,000			—			1,661,000
Recoveries			—			—			37,000			—			34,000			—			22,000			132,000			—			225,000
Provision			2,524,000			297,000			99,000			144,000			1,587,000			77,000			264,000			106,000			952,000			6,050,000
Ending balance			$	5,178,000		$	662,000		$	3,438,000		$	171,000		$	2,579,000		$	102,000		$	1,211,000		$	778,000		$	2,134,000		$	16,253,000
Allowance for loan losses as of December 31, 2020
Ending balance specifically evaluated for impairment			$	112,000		$	18,000		$	169,000		$	—		$	163,000		$	—		$	—		$	—		$	—		$	462,000
Ending balance collectively evaluated for impairment			$	5,066,000		$	644,000		$	3,269,000		$	171,000		$	2,416,000		$	102,000		$	1,211,000		$	778,000		$	2,134,000		$	15,791,000
Related loan balances as of December 31, 2020
Ending balance			$	442,121,000		$	56,565,000		$	285,015,000		$	43,783,000		$	522,070,000		$	21,600,000		$	79,750,000		$	25,857,000		$	—		$	1,476,761,000
Ending balance specifically evaluated for impairment			$	3,029,000		$	770,000		$	1,779,000		$	—		$	9,414,000		$	—		$	1,039,000		$	8,000		$	—		$	16,039,000
Ending balance collectively evaluated for impairment			$	439,092,000		$	55,795,000		$	283,236,000		$	43,783,000		$	512,656,000		$	21,600,000		$	78,711,000		$	25,849,000		$	—		$	1,460,722,000

The following table presents allowance for loan losses activity by class for the six months and quarter ended June 30, 2020, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2020:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 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			—			—			17,000			—			46,000			—			153,000			201,000			—			417,000
Recoveries			—			—			20,000			—			26,000			—			19,000			73,000			—			138,000
Provision (credit)			769,000			159,000			357,000			83,000			1,257,000			39,000			340,000			(81,000)			(173,000)			2,750,000
Ending balance			$	4,511,000		$	524,000		$	3,689,000		$	110,000		$	2,261,000		$	64,000		$	1,284,000		$	658,000		$	1,009,000		$	14,110,000
For the three months ended June 30, 2020
Beginning 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
Charge offs			—			—			17,000			—			44,000			—			—			101,000			—			162,000
Recoveries			—			—			—			—			16,000			—			18,000			30,000			—			64,000
Provision (credit)			649,000			100,000			1,279,000			81,000			1,063,000			32,000			254,000			4,000			(1,112,000)			2,350,000
Ending balance			$	4,511,000		$	524,000		$	3,689,000		$	110,000		$	2,261,000		$	64,000		$	1,284,000		$	658,000		$	1,009,000		$	14,110,000
Allowance for loan losses as of June 30, 2020
Ending balance specifically evaluated for impairment			$	199,000		$	20,000		$	132,000		$	—		$	269,000		$	—		$	292,000		$	5,000		$	—		$	917,000
Ending balance collectively evaluated for impairment			$	4,312,000		$	504,000		$	3,557,000		$	110,000		$	1,992,000		$	64,000		$	992,000		$	653,000		$	1,009,000		$	13,193,000
Related loan balances as of June 30, 2020
Ending balance			$	397,155,000		$	47,169,000		$	327,967,000		$	49,644,000		$	499,693,000		$	14,707,000		$	87,019,000		$	28,269,000		$	—		$	1,451,623,000
Ending balance specifically evaluated for impairment			$	5,749,000		$	934,000		$	853,000		$	—		$	10,311,000		$	—		$	2,161,000		$	5,000		$	—		$	20,013,000
Ending balance collectively evaluated for impairment			$	391,406,000		$	46,235,000		$	327,114,000		$	49,644,000		$	489,382,000		$	14,707,000		$	84,858,000		$	28,264,000		$	—		$	1,431,610,000

X

- 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=123577603&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=124255953&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=124255953&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=123577603&loc=SL6953659-111524

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