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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022, December 31, 2021, and June 30, 2021, by class of financing receivable and allowance element, is presented in the following tables:

As of June 30, 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			$	—					$	873,000					$	4,607,000					$	—					$	5,480,000
Construction			8,000						182,000						961,000						—						1,151,000
Other			502,000						390,000						2,056,000						—						2,948,000
Municipal			—						—						157,000						—						157,000
Residential
Term			103,000						164,000						2,325,000						—						2,592,000
Construction			—						13,000						178,000						—						191,000
Home equity line of credit			—						104,000						862,000						—						966,000
Consumer			—						240,000						626,000						—						866,000
Unallocated			—						—						—						1,850,000						1,850,000
			$	613,000					$	1,966,000					$	11,772,000					$	1,850,000					$	16,201,000

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 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

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, 2022:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,399,000					$	—					$	2,399,000
2 Above Average			6,707,000						145,000						8,963,000						44,125,000						59,940,000
3 Satisfactory			116,471,000						1,656,000						40,952,000						1,210,000						160,289,000
4 Average			394,634,000						91,426,000						181,928,000						1,500,000						669,488,000
5 Watch			94,954,000						35,700,000						39,555,000						—						170,209,000
6 OAEM			4,332,000						—						153,000						—						4,485,000
7 Substandard			390,000						—						1,764,000						—						2,154,000
8 Doubtful			—						—						—						—						—
Total			$	617,488,000					$	128,927,000					$	275,714,000					$	46,835,000					$	1,068,964,000

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 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

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, 2022, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2022:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 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			—			—			43,000			—			—			—			29,000			287,000			—			359,000
Recoveries			17,000			—			2,000			—			11,000			—			1,000			108,000			—			139,000
Provision (credit)			96,000			405,000			159,000			—			(152,000)			43,000			69,000			212,000			68,000			900,000
Ending balance			$	5,480,000		$	1,151,000		$	2,948,000		$	157,000		$	2,592,000		$	191,000		$	966,000		$	866,000		$	1,850,000		$	16,201,000
For the three months ended June 30, 2022
Beginning 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
Charge offs			—			—			42,000			—			—			—			—			70,000			—			112,000
Recoveries			1,000			—			1,000			—			3,000			—			—			92,000			—			97,000
Provision (credit)			110,000			212,000			33,000			1,000			(59,000)			30,000			27,000			(22,000)			118,000			450,000
Ending balance			$	5,480,000		$	1,151,000		$	2,948,000		$	157,000		$	2,592,000		$	191,000		$	966,000		$	866,000		$	1,850,000		$	16,201,000
Allowance for loan losses as of June 30, 2022
Ending balance specifically evaluated for impairment			$	—		$	8,000		$	502,000		$	—		$	103,000		$	—		$	—		$	—		$	—		$	613,000
Ending balance collectively evaluated for impairment			$	5,480,000		$	1,143,000		$	2,446,000		$	157,000		$	2,489,000		$	191,000		$	966,000		$	866,000		$	1,850,000		$	15,588,000
Related loan balances as of June 30, 2022
Ending balance			$	617,488,000		$	128,927,000		$	275,714,000		$	46,835,000		$	582,313,000		$	44,011,000		$	71,711,000		$	21,356,000		$	—		$	1,788,355,000
Ending balance specifically evaluated for impairment			$	1,352,000		$	686,000		$	1,160,000		$	—		$	7,502,000		$	—		$	254,000		$	1,000		$	—		$	10,955,000
Ending balance collectively evaluated for impairment			$	616,136,000		$	128,241,000		$	274,554,000		$	46,835,000		$	574,811,000		$	44,011,000		$	71,457,000		$	21,355,000		$	—		$	1,777,400,000

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 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

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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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