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Allowance for Loan Losses (Tables)

9 Months Ended

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

As of September 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			$	—					$	867,000					$	4,708,000					$	—					$	5,575,000
Construction			6,000						173,000						942,000						—						1,121,000
Other			315,000						420,000						2,279,000						—						3,014,000
Municipal			—						—						160,000						—						160,000
Residential
Term			99,000						102,000						2,346,000						—						2,547,000
Construction			—						7,000						161,000						—						168,000
Home equity line of credit			—						106,000						887,000						—						993,000
Consumer			—						216,000						656,000						—						872,000
Unallocated			—						—						—						1,937,000						1,937,000
			$	420,000					$	1,891,000					$	12,139,000					$	1,937,000					$	16,387,000

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 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

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, 2022:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,266,000					$	—					$	2,266,000
2 Above Average			7,506,000						141,000						23,364,000						45,998,000						77,009,000
3 Satisfactory			116,378,000						1,802,000						40,189,000						1,204,000						159,573,000
4 Average			423,914,000						85,195,000						202,337,000						1,500,000						712,946,000
5 Watch			89,568,000						41,898,000						40,338,000						—						171,804,000
6 OAEM			955,000						—						62,000						—						1,017,000
7 Substandard			387,000						—						1,554,000						—						1,941,000
8 Doubtful			—						—						—						—						—
Total			$	638,708,000					$	129,036,000					$	310,110,000					$	48,702,000					$	1,126,556,000

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 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

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

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the nine months ended September 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			—			—			272,000			—			—			—			29,000			318,000			—			619,000
Recoveries			16,000			—			11,000			—			27,000			—			3,000			128,000			—			185,000
Provision (credit)			192,000			375,000			445,000			3,000			(213,000)			20,000			94,000			229,000			155,000			1,300,000
Ending balance			$	5,575,000		$	1,121,000		$	3,014,000		$	160,000		$	2,547,000		$	168,000		$	993,000		$	872,000		$	1,937,000		$	16,387,000
For the three months ended September 30, 2022
Beginning 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
Charge offs			—			—			229,000			—			—			—			—			31,000			—			260,000
Recoveries			(1,000)			—			9,000			—			16,000			—			2,000			20,000			—			46,000
Provision (credit)			96,000			(30,000)			286,000			3,000			(61,000)			(23,000)			25,000			17,000			87,000			400,000
Ending balance			$	5,575,000		$	1,121,000		$	3,014,000		$	160,000		$	2,547,000		$	168,000		$	993,000		$	872,000		$	1,937,000		$	16,387,000
Allowance for loan losses as of September 30, 2022
Ending balance specifically evaluated for impairment			$	—		$	6,000		$	315,000		$	—		$	99,000		$	—		$	—		$	—		$	—		$	420,000
Ending balance collectively evaluated for impairment			$	5,575,000		$	1,115,000		$	2,699,000		$	160,000		$	2,448,000		$	168,000		$	993,000		$	872,000		$	1,937,000		$	15,967,000
Related loan balances as of September 30, 2022
Ending balance			$	638,708,000		$	129,036,000		$	310,110,000		$	48,702,000		$	595,031,000		$	41,631,000		$	73,938,000		$	20,819,000		$	—		$	1,857,975,000
Ending balance specifically evaluated for impairment			$	1,295,000		$	686,000		$	951,000		$	—		$	3,176,000		$	—		$	247,000		$	—		$	—		$	6,355,000
Ending balance collectively evaluated for impairment			$	637,413,000		$	128,350,000		$	309,159,000		$	48,702,000		$	591,855,000		$	41,631,000		$	73,691,000		$	20,819,000		$	—		$	1,851,620,000

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 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

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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