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Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Allowance for Loan Losses by Class of Financing Receivable and Allowance

The following table summarizes the composition of the allowance for loan losses, by class of financing receivable and allowance, as of December 31, 2022 and 2021:

As of December 31,			2022						2021
Allowance for Loans Evaluated Individually for Impairment
Commercial
Real estate			$	—					$	42,000
Construction			—						16,000
Other			298,000						381,000
Municipal			—						—
Residential
Term			100,000						137,000
Construction			—						—
Home equity line of credit			—						—
Consumer			—						—
Total			$	398,000					$	576,000
Allowance for Loans Evaluated Collectively for Impairment
Commercial
Real estate			$	6,116,000					$	5,325,000
Construction			821,000						730,000
Other			2,799,000						2,449,000
Municipal			162,000						157,000
Residential
Term			2,459,000						2,596,000
Construction			199,000						148,000
Home equity line of credit			1,029,000						925,000
Consumer			1,062,000						833,000
Unallocated			1,678,000						1,782,000
Total			$	16,325,000					$	14,945,000
Total Allowance for Loan Losses
Commercial
Real estate			$	6,116,000					$	5,367,000
Construction			821,000						746,000
Other			3,097,000						2,830,000
Municipal			162,000						157,000
Residential
Term			2,559,000						2,733,000
Construction			199,000						148,000
Home equity line of credit			1,029,000						925,000
Consumer			1,062,000						833,000
Unallocated			1,678,000						1,782,000
Total			$	16,723,000					$	15,521,000

A breakdown of the allowance for loan losses as of December 31, 2022 and 2021, by class of financing receivable and allowance element, is presented in the following tables:

As of December 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			$	—					$	974,000					$	5,142,000					$	—					$	6,116,000
Construction			—						131,000						690,000						—						821,000
Other			298,000						446,000						2,353,000						—						3,097,000
Municipal			—						—						162,000						—						162,000
Residential
Term			100,000						83,000						2,376,000						—						2,559,000
Construction			—						7,000						192,000						—						199,000
Home equity line of credit			—						101,000						928,000						—						1,029,000
Consumer			—						286,000						776,000						—						1,062,000
Unallocated			—						—						—						1,678,000						1,678,000
			$	398,000					$	2,028,000					$	12,619,000					$	1,678,000					$	16,723,000

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

Schedule of Risk Ratings for Loans

The following table summarizes the risk ratings for the Company's commercial construction, commercial real estate, commercial other and municipal loans as of December 31, 2022:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,215,000					$	—					$	2,215,000
2 Above average			5,702,000						—						23,624,000						37,921,000						67,247,000
3 Satisfactory			125,721,000						1,018,000						64,613,000						1,198,000						192,550,000
4 Average			459,087,000						57,920,000						187,374,000						1,500,000						705,881,000
5 Watch			108,302,000						34,969,000						40,119,000						—						183,390,000
6 OAEM			144,000						—						85,000						—						229,000
7 Substandard			384,000						—						1,329,000						—						1,713,000
8 Doubtful			—						—						—						—						—
Total			$	699,340,000					$	93,907,000					$	319,359,000					$	40,619,000					$	1,153,225,000

The following table summarizes the risk ratings for the Company's commercial construction, commercial real estate, 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

Schedule of Allowance for Loan Losses Transactions

The following tables present allowance for loan losses activity by class, allowance for loan loss balances by class and related loan balances by class for the years ended December 31, 2022, 2021 and 2020:

For the year ended December 31, 2022			Commercial																								Residential												Home Equity Line of Credit
			Real Estate						Construction						Other						Municipal						Term						Construction												Consumer						Unallocated						Total
Allowance for loan losses:
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
Chargeoffs			—						—						309,000						—						8,000						—						29,000						412,000						—						758,000
Recoveries			20,000						—						13,000						—						29,000						—						4,000						144,000						—						210,000
Provision (credit)			729,000						75,000						563,000						5,000						(195,000)						51,000						129,000						497,000						(104,000)						1,750,000
Ending balance			$	6,116,000					$	821,000					$	3,097,000					$	162,000					$	2,559,000					$	199,000					$	1,029,000					$	1,062,000					$	1,678,000					$	16,723,000
Ending balance specifically evaluated for impairment			$	—					$	—					$	298,000					$	—					$	100,000					$	—					$	—					$	—					$	—					$	398,000
Ending balance collectively evaluated for impairment			$	6,116,000					$	821,000					$	2,799,000					$	162,000					$	2,459,000					$	199,000					$	1,029,000					$	1,062,000					$	1,678,000					$	16,325,000
Related loan balances:
Ending balance			$	699,340,000					$	93,907,000					$	319,359,000					$	40,619,000					$	613,919,000					$	49,907,000					$	76,560,000					$	21,063,000					$	—					$	1,914,674,000
Ending balance specifically evaluated for impairment			$	1,236,000					$	685,000					$	846,000					$	—					$	3,089,000					$	—					$	304,000					$	—					$	—					$	6,160,000
Ending balance collectively evaluated for impairment			$	698,104,000					$	93,222,000					$	318,513,000					$	40,619,000					$	610,830,000					$	49,907,000					$	76,256,000					$	21,063,000					$	—					$	1,908,514,000

For the year ended December 31, 2021			Commercial																								Residential												Home Equity Line of Credit
			Real Estate						Construction						Other						Municipal						Term						Construction												Consumer						Unallocated						Total
Allowance for loan losses:
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
Chargeoffs			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
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:
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

For the year ended December 31, 2020			Commercial																								Residential												Home Equity Line of Credit
			Real Estate						Construction						Other						Municipal						Term						Construction												Consumer						Unallocated						Total
Allowance for loan losses:
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
Chargeoffs			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
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:
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

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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.

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No definition available.

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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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- 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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