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Loans (Tables)

9 Months Ended

Sep. 30, 2021

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Composition of Loan Portfolio

The following table shows the composition of the Company's loan portfolio as of September 30, 2021 and 2020 and at December 31, 2020:

			September 30, 2021												December 31, 2020												September 30, 2020
Commercial
Real estate			$	550,077,000					34.0			%			$	442,121,000					29.9			%			$	407,128,000					28.3			%
Construction			73,302,000						4.6			%			56,565,000						3.8			%			52,038,000						3.6			%
Other			288,121,000						17.8			%			285,015,000						19.3			%			309,297,000						21.5			%
Municipal			40,616,000						2.5			%			43,783,000						3.0			%			44,110,000						3.1			%
Residential
Term			537,811,000						33.3			%			522,070,000						35.3			%			497,667,000						34.6			%
Construction			29,358,000						1.8			%			21,600,000						1.5			%			16,101,000						1.2			%
Home equity line of credit			74,594,000						4.6			%			79,750,000						5.4			%			82,982,000						5.8			%
Consumer			23,333,000						1.4			%			25,857,000						1.8			%			27,323,000						1.9			%
Total			$	1,617,212,000					100.0			%			$	1,476,761,000					100.0			%			$	1,436,646,000					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 September 30, 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			$	33,000					$	—					$	226,000					$	259,000					$	549,818,000					$	550,077,000					$	36,000
Construction			13,000						15,000						—						28,000						73,274,000						73,302,000						—
Other			92,000						359,000						225,000						676,000						287,445,000						288,121,000						—
Municipal			—						—						—						—						40,616,000						40,616,000						—
Residential
Term			549,000						918,000						986,000						2,453,000						535,358,000						537,811,000						190,000
Construction			—						—						—						—						29,358,000						29,358,000						—
Home equity line of credit			251,000						25,000						131,000						407,000						74,187,000						74,594,000						—
Consumer			90,000						202,000						3,000						295,000						23,038,000						23,333,000						3,000
Total			$	1,028,000					$	1,519,000					$	1,571,000					$	4,118,000					$	1,613,094,000					$	1,617,212,000					$	229,000

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 September 30, 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			$	2,397,000					$	58,000					$	454,000					$	2,909,000					$	404,219,000					$	407,128,000					$	—
Construction			—						—						80,000						80,000						51,958,000						52,038,000						—
Other			547,000						258,000						1,871,000						2,676,000						306,621,000						309,297,000						1,464,000
Municipal			—						—						—						—						44,110,000						44,110,000						—
Residential
Term			2,550,000						357,000						1,602,000						4,509,000						493,158,000						497,667,000						—
Construction			—						—						—						—						16,101,000						16,101,000						—
Home equity line of credit			868,000						65,000						1,392,000						2,325,000						80,657,000						82,982,000						—
Consumer			219,000						28,000						30,000						277,000						27,046,000						27,323,000						30,000
Total			$	6,581,000					$	766,000					$	5,429,000					$	12,776,000					$	1,423,870,000					$	1,436,646,000					$	1,494,000

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			156			26		%	$	35,130,000		15		%
Charged Off			1			—		%	66,000			—		%
Subsequent Modification			2			—		%	1,014,000			—		%
Still in Original Modification			1			—		%	125,000			—		%
Out of Modification			445			74		%	197,999,000			85		%
Total			605			100		%	$	234,334,000		100		%
Residential Real Estate Modifications
			Units			Percentage			Balance			Percentage
Paid Off			73			20		%	$	12,694,000		24		%
Subsequent Modification			53			14		%	5,405,000			10		%
Still in Original Modification			1			—		%	22,000			—		%
Out of Modification			250			66		%	34,457,000			66		%
Total			377			100		%	$	52,578,000		100		%

Consumer Loan Modifications
			Units			Percentage			Balance			Percentage
Paid Off			23			34		%	$	209,000		21		%
Charged Off			1			1		%	10,000			1		%
Subsequent Modification			2			3		%	43,000			4		%
Out of Modification			43			62		%	748,000			74		%
Total			69			100		%	$	1,010,000		100		%

Schedule of Nonaccrual Loans

Information on nonaccrual loans as of September 30, 2021 and 2020 and at December 31, 2020 is presented in the following table:

			September 30, 2021						December 31, 2020						September 30, 2020
Commercial
Real estate			$	604,000					$	543,000					$	1,771,000
Construction			23,000						89,000						307,000
Other			1,251,000						1,481,000						503,000
Municipal			—						—						—
Residential
Term			3,785,000						3,593,000						4,467,000
Construction			—						—						—
Home equity line of credit			482,000						1,015,000						2,063,000
Consumer			—						—						—
Total			$	6,145,000					$	6,721,000					$	9,111,000

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 September 30, 2021 is presented in the following table:

												For the nine months ended September 30, 2021						For the quarter ended September 30, 2021
			Recorded Investment			Unpaid Principal Balance			Related Allowance			Average Recorded Investment			Recognized Interest Income			Average Recorded Investment			Recognized Interest Income
With No Related Allowance
Commercial
Real estate			$	1,906,000		$	2,257,000		$	—		$	2,215,000		$	50,000		$	2,053,000		$	15,000
Construction			24,000			25,000			—			69,000			—			24,000			—
Other			1,353,000			1,459,000			—			1,534,000			12,000			1,372,000			4,000
Municipal			—			—			—			—			—			—			—
Residential
Term			7,021,000			8,181,000			—			7,231,000			101,000			7,180,000			33,000
Construction			—			—			—			9,000			—			—			—
Home equity line of credit			482,000			516,000			—			725,000			—			546,000			—
Consumer			4,000			4,000			—			6,000			—			4,000			—
			$	10,790,000		$	12,442,000		$	—		$	11,789,000		$	163,000		$	11,179,000		$	52,000
With an Allowance Recorded
Commercial
Real estate			$	894,000		$	923,000		$	138,000		$	940,000		$	30,000		$	910,000		$	10,000
Construction			681,000			681,000			18,000			681,000			17,000			681,000			6,000
Other			402,000			421,000			397,000			466,000			10,000			403,000			5,000
Municipal			—			—			—			—			—			—			—
Residential
Term			1,761,000			1,923,000			129,000			1,753,000			32,000			1,641,000			9,000
Construction			—			—			—			—			—			—			—
Home equity line of credit			21,000			21,000			—			15,000			—			21,000			—
Consumer			—			—			—			1,000			—			3,000			—
			$	3,759,000		$	3,969,000		$	682,000		$	3,856,000		$	89,000		$	3,659,000		$	30,000
Total
Commercial
Real estate			$	2,800,000		$	3,180,000		$	138,000		$	3,155,000		$	80,000		$	2,963,000		$	25,000
Construction			705,000			706,000			18,000			750,000			17,000			705,000			6,000
Other			1,755,000			1,880,000			397,000			2,000,000			22,000			1,775,000			9,000
Municipal			—			—			—			—			—			—			—
Residential
Term			8,782,000			10,104,000			129,000			8,984,000			133,000			8,821,000			42,000
Construction			—			—			—			9,000			—			—			—
Home equity line of credit			503,000			537,000			—			740,000			—			567,000			—
Consumer			4,000			4,000			—			7,000			—			7,000			—
			$	14,549,000		$	16,411,000		$	682,000		$	15,645,000		$	252,000		$	14,838,000		$	82,000

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 September 30, 2020 is presented in the following table:

												For the nine months ended September 30, 2020						For the quarter ended September 30, 2020
			Recorded Investment			Unpaid Principal Balance			Related Allowance			Average Recorded Investment			Recognized Interest Income			Average Recorded Investment			Recognized Interest Income
With No Related Allowance
Commercial
Real estate			$	3,730,000		$	4,528,000		$	—		$	4,673,000		$	117,000		$	4,068,000		$	33,000
Construction			308,000			337,000			—			402,000			—			256,000			—
Other			862,000			887,000			—			796,000			19,000			814,000			6,000
Municipal			—			—			—			—			—			—			—
Residential
Term			7,783,000			9,058,000			—			9,173,000			123,000			8,024,000			31,000
Construction			—			—			—			—			—			—			—
Home equity line of credit			1,478,000			1,551,000			—			1,284,000			10,000			1,438,000			2,000
Consumer			—			—			—			—			—			—			—
			$	14,161,000		$	16,361,000		$	—		$	16,328,000		$	269,000		$	14,600,000		$	72,000
With an Allowance Recorded
Commercial
Real estate			$	1,023,000		$	1,047,000		$	135,000		$	1,032,000		$	32,000		$	1,027,000		$	11,000
Construction			701,000			701,000			19,000			546,000			25,000			701,000			8,000
Other			161,000			183,000			128,000			1,523,000			—			143,000			—
Municipal			—			—			—			—			—			—			—
Residential
Term			2,399,000			2,466,000			204,000			2,002,000			63,000			2,207,000			27,000
Construction			—			—			—			—			—			—			—
Home equity line of credit			886,000			886,000			403,000			981,000			1,000			870,000			1,000
Consumer			10,000			10,000			1,000			10,000			—			3,000			—
			$	5,180,000		$	5,293,000		$	890,000		$	6,094,000		$	121,000		$	4,951,000		$	47,000
Total
Commercial
Real estate			$	4,753,000		$	5,575,000		$	135,000		$	5,705,000		$	149,000		$	5,095,000		$	44,000
Construction			1,009,000			1,038,000			19,000			948,000			25,000			957,000			8,000
Other			1,023,000			1,070,000			128,000			2,319,000			19,000			957,000			6,000
Municipal			—			—			—			—			—			—			—
Residential
Term			10,182,000			11,524,000			204,000			11,175,000			186,000			10,231,000			58,000
Construction			—			—			—			—			—			—			—
Home equity line of credit			2,364,000			2,437,000			403,000			2,265,000			11,000			2,308,000			3,000
Consumer			10,000			10,000			1,000			10,000			—			3,000			—
			$	19,341,000		$	21,654,000		$	890,000		$	22,422,000		$	390,000		$	19,551,000		$	119,000

Schedule of Troubled Debt Restructurings on Financing Receivables

The following table shows TDRs by class and the specific reserve as of September 30, 2021:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			10						$	2,238,000					$	138,000
Construction			1						681,000						18,000
Other			6						883,000						351,000
Municipal			—						—						—
Residential
Term			45						6,224,000						129,000
Construction			—						—						—
Home equity line of credit			1						21,000						—
Consumer			1						4,000						—
			64						$	10,051,000					$	636,000

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 September 30, 2020:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			16						$	4,054,000					$	130,000
Construction			1						701,000						19,000
Other			6						729,000						92,000
Municipal			—						—						—
Residential
Term			51						7,430,000						153,000
Construction			—						—						—
Home equity line of credit			3						466,000						—
Consumer			1						10,000						1,000
			78						$	13,390,000					$	395,000

As of September 30, 2021, 12 of the loans classified as TDRs with a total balance of $1,095,000 were more than 30 days past due. Of these loans, two 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 September 30, 2021:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			—						$	—					$	—
Construction			—						—						—
Other			5						641,000						351,000
Municipal			—						—						—
Residential
Term			6						450,000						—
Construction			—						—						—
Home equity line of credit			—						—						—
Consumer			1						4,000						—
			12						$	1,095,000					$	351,000

As of September 30, 2020, 15 of the loans classified as TDRs with a total balance of $2,814,000 were more than 30 days past due. Of these loans, two 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 September 30, 2020:

			Number of Loans						Balance						Specific Reserves
Commercial
Real estate			3						$	1,472,000					$	—
Construction			—						—
Other			4						424,000						92,000
Municipal			—						—
Residential
Term			6						743,000						—
Construction			—						—						—
Home equity line of credit			1						165,000						—
Consumer			1						10,000						1,000
			15						$	2,814,000					$	93,000

For the nine months ended September 30, 2021, three loans were placed on TDR status. The following table shows these TDRs, by class and the associated specific reserves included in the allowance for loan losses as of September 30, 2021:

			Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment						Specific Reserves
Commercial
Real estate			—						$	—					$	—					$	—
Construction			1						80,000						80,000						—
Other			1						261,000						261,000						261,000
Municipal			—						—						—						—
Residential
Term			1						9,000						4,000						—
Construction			—						—						—						—
Home equity line of credit			—						—						—						—
Consumer			—						—						—						—
			3						$	350,000					$	345,000					$	261,000

For the nine months ended September 30, 2020, three 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 September 30, 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						187,000						23,000
Construction			—						—						—						—
Home equity line of credit			—						—						—						—
Consumer			1						10,000						10,000						1,000
			3						$	245,000					$	197,000					$	24,000

For the quarter ended September 30, 2021, no loans were placed on TDR status.

For the quarter ended September 30, 2020, 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 September 30, 2020:

			Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment						Specific Reserves
Commercial
Real estate			—						$	—					$	—					$	—
Construction			—						—						—						—
Other			—						—						—						—
Municipal			—						—						—						—
Residential
Term			—						—						—						—
Construction			—						—						—						—
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