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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022, December 31, 2021, and March 31, 2021, by class of financing receivable and allowance element, is presented in the following tables:

As of March 31, 2022			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			$	42,000					$	824,000					$	4,503,000					$	—					$	5,369,000
Construction			13,000						143,000						783,000						—						939,000
Other			532,000						375,000						2,049,000						—						2,956,000
Municipal			—						—						156,000						—						156,000
Residential
Term			118,000						167,000						2,363,000						—						2,648,000
Construction			—						11,000						150,000						—						161,000
Home equity line of credit			7,000						103,000						829,000						—						939,000
Consumer			—						255,000						611,000						—						866,000
Unallocated			—						—						—						1,732,000						1,732,000
			$	712,000					$	1,878,000					$	11,444,000					$	1,732,000					$	15,766,000

As of December 31, 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			$	42,000					$	831,000					$	4,494,000					$	—					$	5,367,000
Construction			16,000						114,000						616,000						—						746,000
Other			381,000						382,000						2,067,000						—						2,830,000
Municipal			—						—						157,000						—						157,000
Residential
Term			137,000						175,000						2,421,000						—						2,733,000
Construction			—						10,000						138,000						—						148,000
Home equity line of credit			—						101,000						824,000						—						925,000
Consumer			—						243,000						590,000						—						833,000
Unallocated			—						—						—						1,782,000						1,782,000
			$	576,000					$	1,856,000					$	11,307,000					$	1,782,000					$	15,521,000

As of March 31, 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			$	174,000					$	797,000					$	4,770,000					$	—					$	5,741,000
Construction			21,000						90,000						538,000						—						649,000
Other			563,000						503,000						3,014,000						—						4,080,000
Municipal			—						—						185,000						—						185,000
Residential
Term			142,000						259,000						2,561,000						—						2,962,000
Construction			—						12,000						119,000						—						131,000
Home equity line of credit			—						130,000						817,000						—						947,000
Consumer			—						285,000						587,000						—						872,000
Unallocated			—						—						—						1,027,000						1,027,000
			$	900,000					$	2,076,000					$	12,591,000					$	1,027,000					$	16,594,000

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 March 31, 2022:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,184,000					$	—					$	2,184,000
2 Above Average			6,833,000						163,000						8,681,000						49,024,000						64,701,000
3 Satisfactory			116,850,000						2,507,000						44,448,000						343,000						164,148,000
4 Average			371,975,000						68,617,000						172,243,000						1,500,000						614,335,000
5 Watch			87,503,000						31,695,000						37,959,000						—						157,157,000
6 OAEM			4,339,000						—						153,000						—						4,492,000
7 Substandard			801,000						—						1,998,000						—						2,799,000
8 Doubtful			—						—						—						—						—
Total			$	588,301,000					$	102,982,000					$	267,666,000					$	50,867,000					$	1,009,816,000

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, 2021:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,118,000					$	—					$	2,118,000
2 Above Average			6,977,000						169,000						7,328,000						46,547,000						61,021,000
3 Satisfactory			98,473,000						2,589,000						60,787,000						349,000						162,198,000
4 Average			378,147,000						47,196,000						154,247,000						1,466,000						581,056,000
5 Watch			88,679,000						29,411,000						37,942,000						—						156,032,000
6 OAEM			3,482,000						—						52,000						—						3,534,000
7 Substandard			440,000						—						2,096,000						—						2,536,000
8 Doubtful			—						—						—						—						—
Total			$	576,198,000					$	79,365,000					$	264,570,000					$	48,362,000					$	968,495,000

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, 2021:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	1,716,000					$	16,000					$	1,732,000
2 Above Average			7,663,000						187,000						4,560,000						47,632,000						60,042,000
3 Satisfactory			94,014,000						2,837,000						107,116,000						367,000						204,334,000
4 Average			279,879,000						37,779,000						128,120,000						1,461,000						447,239,000
5 Watch			77,299,000						12,375,000						49,186,000						—						138,860,000
6 OAEM			2,261,000						—						65,000						—						2,326,000
7 Substandard			8,858,000						216,000						6,725,000						—						15,799,000
8 Doubtful			—						—						—						—						—
Total			$	469,974,000					$	53,394,000					$	297,488,000					$	49,476,000					$	870,332,000

Schedule of Allowance for Loan Losses Transactions

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2022, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2022:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 2022
Beginning balance			$	5,367,000		$	746,000		$	2,830,000		$	157,000		$	2,733,000		$	148,000		$	925,000		$	833,000		$	1,782,000		$	15,521,000
Charge offs			—			—			1,000			—			—			—			29,000			217,000			—			247,000
Recoveries			16,000			—			1,000			—			8,000			—			1,000			16,000			—			42,000
Provision (credit)			(14,000)			193,000			126,000			(1,000)			(93,000)			13,000			42,000			234,000			(50,000)			450,000
Ending balance			$	5,369,000		$	939,000		$	2,956,000		$	156,000		$	2,648,000		$	161,000		$	939,000		$	866,000		$	1,732,000		$	15,766,000
Allowance for loan losses as of March 31, 2022
Ending balance specifically evaluated for impairment			$	42,000		$	13,000		$	532,000		$	—		$	118,000		$	—		$	7,000		$	—		$	—		$	712,000
Ending balance collectively evaluated for impairment			$	5,327,000		$	926,000		$	2,424,000		$	156,000		$	2,530,000		$	161,000		$	932,000		$	866,000		$	1,732,000		$	15,054,000
Related loan balances as of March 31, 2022
Ending balance			$	588,301,000		$	102,982,000		$	267,666,000		$	50,867,000		$	566,320,000		$	36,272,000		$	72,863,000		$	22,077,000		$	—		$	1,707,348,000
Ending balance specifically evaluated for impairment			$	1,775,000		$	688,000		$	1,233,000		$	—		$	7,266,000		$	—		$	291,000		$	1,000		$	—		$	11,254,000
Ending balance collectively evaluated for impairment			$	586,526,000		$	102,294,000		$	266,433,000		$	50,867,000		$	559,054,000		$	36,272,000		$	72,572,000		$	22,076,000		$	—		$	1,696,094,000

The following table presents allowance for loan losses activity by class for the year ended December 31, 2021 and allowance for loan loss balances by class and related loan balances by class as of December 31, 2021:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the year ended December 31, 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			106,000			—			288,000			—			42,000			—			—			312,000			—			748,000
Recoveries			95,000			—			84,000			—			66,000			—			61,000			85,000			—			391,000
Provision (credit)			200,000			84,000			(404,000)			(14,000)			130,000			46,000			(347,000)			282,000			(352,000)			(375,000)
Ending balance			$	5,367,000		$	746,000		$	2,830,000		$	157,000		$	2,733,000		$	148,000		$	925,000		$	833,000		$	1,782,000		$	15,521,000
Allowance for loan losses as of December 31, 2021
Ending balance specifically evaluated for impairment			$	42,000		$	16,000		$	381,000		$	—		$	137,000		$	—		$	—		$	—		$	—		$	576,000
Ending balance collectively evaluated for impairment			$	5,325,000		$	730,000		$	2,449,000		$	157,000		$	2,596,000		$	148,000		$	925,000		$	833,000		$	1,782,000		$	14,945,000
Related loan balances as of December 31, 2021
Ending balance			$	576,198,000		$	79,365,000		$	264,570,000		$	48,362,000		$	550,783,000		$	31,763,000		$	73,632,000		$	22,976,000		$	—		$	1,647,649,000
Ending balance specifically evaluated for impairment			$	1,428,000		$	689,000		$	1,303,000		$	—		$	8,173,000		$	—		$	457,000		$	2,000		$	—		$	12,052,000
Ending balance collectively evaluated for impairment			$	574,770,000		$	78,676,000		$	263,267,000		$	48,362,000		$	542,610,000		$	31,763,000		$	73,175,000		$	22,974,000		$	—		$	1,635,597,000

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2021, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2021:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 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			—			142,000			—			29,000			—			—			103,000			—			279,000
Recoveries			65,000			—			—			—			6,000			—			1,000			23,000			—			95,000
Provision (credit)			503,000			(13,000)			784,000			14,000			406,000			29,000			(265,000)			174,000			(1,107,000)			525,000
Ending 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
Allowance for loan losses as of March 31, 2021
Ending balance specifically evaluated for impairment			$	174,000		$	21,000		$	563,000		$	—		$	142,000		$	—		$	—		$	—		$	—		$	900,000
Ending balance collectively evaluated for impairment			$	5,567,000		$	628,000		$	3,517,000		$	185,000		$	2,820,000		$	131,000		$	947,000		$	872,000		$	1,027,000		$	15,694,000
Related loan balances as of March 31, 2021
Ending balance			$	469,974,000		$	53,394,000		$	297,488,000		$	49,476,000		$	520,317,000		$	24,796,000		$	77,210,000		$	24,117,000		$	—		$	1,516,772,000
Ending balance specifically evaluated for impairment			$	3,201,000		$	770,000		$	2,220,000		$	—		$	9,267,000		$	—		$	875,000		$	7,000		$	—		$	16,340,000
Ending balance collectively evaluated for impairment			$	466,773,000		$	52,624,000		$	295,268,000		$	49,476,000		$	511,050,000		$	24,796,000		$	76,335,000		$	24,110,000		$	—		$	1,500,432,000

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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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- 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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