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Allowance for Loan Losses (Tables)

9 Months Ended

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

As of September 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			$	138,000					$	864,000					$	5,497,000					$	—					$	6,499,000
Construction			18,000						117,000						744,000						—						879,000
Other			397,000						452,000						2,878,000						—						3,727,000
Municipal			—						—						189,000						—						189,000
Residential
Term			129,000						189,000						2,443,000						—						2,761,000
Construction			—						10,000						132,000						—						142,000
Home equity line of credit			—						109,000						847,000						—						956,000
Consumer			—						263,000						604,000						—						867,000
Unallocated			—						—						—						1,487,000						1,487,000
			$	682,000					$	2,004,000					$	13,334,000					$	1,487,000					$	17,507,000

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 September 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			$	135,000					$	686,000					$	3,940,000					$	—					$	4,761,000
Construction			19,000						87,000						501,000						—						607,000
Other			128,000						521,000						2,993,000						—						3,642,000
Municipal			—						—						139,000						—						139,000
Residential
Term			204,000						275,000						2,037,000						—						2,516,000
Construction			—						10,000						71,000						—						81,000
Home equity line of credit			403,000						79,000						975,000						—						1,457,000
Consumer			1,000						168,000						423,000						—						592,000
Unallocated			—						—						—						1,576,000						1,576,000
			$	890,000					$	1,826,000					$	11,079,000					$	1,576,000					$	15,371,000

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 September 30, 2021:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,434,000					$	8,000					$	2,442,000
2 Above Average			9,220,000						175,000						7,144,000						38,787,000						55,326,000
3 Satisfactory			92,596,000						1,831,000						79,693,000						354,000						174,474,000
4 Average			355,252,000						47,003,000						155,189,000						1,467,000						558,911,000
5 Watch			79,885,000						24,293,000						38,505,000						—						142,683,000
6 OAEM			3,899,000						—						32,000						—						3,931,000
7 Substandard			9,225,000						—						5,124,000						—						14,349,000
8 Doubtful			—						—						—						—						—
Total			$	550,077,000					$	73,302,000					$	288,121,000					$	40,616,000					$	952,116,000

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 September 30, 2020:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,251,000					$	23,000					$	2,274,000
2 Above Average			8,492,000						1,627,000						5,361,000						42,262,000						57,742,000
3 Satisfactory			84,178,000						3,145,000						140,360,000						369,000						228,052,000
4 Average			230,954,000						27,907,000						107,552,000						1,456,000						367,869,000
5 Watch			68,565,000						18,919,000						46,211,000						—						133,695,000
6 OAEM			2,028,000						—						1,291,000						—						3,319,000
7 Substandard			12,911,000						440,000						6,271,000						—						19,622,000
8 Doubtful			—						—						—						—						—
Total			$	407,128,000					$	52,038,000					$	309,297,000					$	44,110,000					$	812,573,000

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

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the nine months ended September 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			71,000			—			286,000			—			41,000			—			—			239,000			—			637,000
Recoveries			95,000			—			83,000			—			12,000			—			60,000			66,000			—			316,000
Provision (credit)			1,297,000			217,000			492,000			18,000			211,000			40,000			(315,000)			262,000			(647,000)			1,575,000
Ending balance			$	6,499,000		$	879,000		$	3,727,000		$	189,000		$	2,761,000		$	142,000		$	956,000		$	867,000		$	1,487,000		$	17,507,000
For the three months ended September 30, 2021
Beginning 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
Charge offs			66,000			—			—			—			—			—			—			92,000			—			158,000
Recoveries			—			—			81,000			—			3,000			—			12,000			10,000			—			106,000
Provision (credit)			477,000			129,000			(111,000)			2,000			(138,000)			(18,000)			(15,000)			57,000			142,000			525,000
Ending balance			$	6,499,000		$	879,000		$	3,727,000		$	189,000		$	2,761,000		$	142,000		$	956,000		$	867,000		$	1,487,000		$	17,507,000
Allowance for loan losses as of September 30, 2021
Ending balance specifically evaluated for impairment			$	138,000		$	18,000		$	397,000		$	—		$	129,000		$	—		$	—		$	—		$	—		$	682,000
Ending balance collectively evaluated for impairment			$	6,361,000		$	861,000		$	3,330,000		$	189,000		$	2,632,000		$	142,000		$	956,000		$	867,000		$	1,487,000		$	16,825,000
Related loan balances as of September 30, 2021
Ending balance			$	550,077,000		$	73,302,000		$	288,121,000		$	40,616,000		$	537,811,000		$	29,358,000		$	74,594,000		$	23,333,000		$	—		$	1,617,212,000
Ending balance specifically evaluated for impairment			$	2,800,000		$	705,000		$	1,755,000		$	—		$	8,782,000		$	—		$	503,000		$	4,000		$	—		$	14,549,000
Ending balance collectively evaluated for impairment			$	547,277,000		$	72,597,000		$	286,366,000		$	40,616,000		$	529,029,000		$	29,358,000		$	74,091,000		$	23,329,000		$	—		$	1,602,663,000

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 nine months and quarter ended September 30, 2020, and allowance for loan loss balances by class and related loan balances by class as of September 30, 2020:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the nine months ended September 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			532,000			—			24,000			—			46,000			—			153,000			238,000			—			993,000
Recoveries			—			—			24,000			—			31,000			—			20,000			100,000			—			175,000
Provision (credit)			1,551,000			242,000			313,000			112,000			1,507,000			56,000			512,000			(137,000)			394,000			4,550,000
Ending balance			$	4,761,000		$	607,000		$	3,642,000		$	139,000		$	2,516,000		$	81,000		$	1,457,000		$	592,000		$	1,576,000		$	15,371,000
For the three months ended September 30, 2020
Beginning 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
Charge offs			532,000			—			7,000			—			—			—			—			37,000			—			576,000
Recoveries			—			—			4,000			—			5,000			—			1,000			27,000			—			37,000
Provision (credit)			782,000			83,000			(44,000)			29,000			250,000			17,000			172,000			(56,000)			567,000			1,800,000
Ending balance			$	4,761,000		$	607,000		$	3,642,000		$	139,000		$	2,516,000		$	81,000		$	1,457,000		$	592,000		$	1,576,000		$	15,371,000
Allowance for loan losses as of September 30, 2020
Ending balance specifically evaluated for impairment			$	135,000		$	19,000		$	128,000		$	—		$	204,000		$	—		$	403,000		$	1,000		$	—		$	890,000
Ending balance collectively evaluated for impairment			$	4,626,000		$	588,000		$	3,514,000		$	139,000		$	2,312,000		$	81,000		$	1,054,000		$	591,000		$	1,576,000		$	14,481,000
Related loan balances as of September 30, 2020
Ending balance			$	407,128,000		$	52,038,000		$	309,297,000		$	44,110,000		$	497,667,000		$	16,101,000		$	82,982,000		$	27,323,000		$	—		$	1,436,646,000
Ending balance specifically evaluated for impairment			$	4,753,000		$	1,009,000		$	1,023,000		$	—		$	10,182,000		$	—		$	2,364,000		$	10,000		$	—		$	19,341,000
Ending balance collectively evaluated for impairment			$	402,375,000		$	51,029,000		$	308,274,000		$	44,110,000		$	487,485,000		$	16,101,000		$	80,618,000		$	27,313,000		$	—		$	1,417,305,000

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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