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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2018

Loans and Leases Receivable Disclosure [Abstract]

Composition of the loan portfolio by type

The composition of the loan portfolio, net of deferred origination fees and costs, is summarized as follows (in thousands):

		September 30,   2018				December 31,   2017
Commercial and agricultural:
Commercial and industrial		$	192,093			$	198,463
Agricultural		287				544
Commercial mortgages:
Construction		50,353				45,558
Commercial mortgages, other		615,221				598,772
Residential mortgages		188,636				194,440
Consumer loans:
Credit cards		1,393				1,517
Home equity lines and loans		98,239				100,591
Indirect consumer loans		157,123				153,060
Direct consumer loans		17,293				18,879
Total loans, net of deferred origination fees and costs		1,320,638				1,311,824
Interest receivable on loans		3,884				3,758
Total recorded investment in loans		$	1,324,522			$	1,315,582

Allowance for loan losses by portfolio segment

The following tables present the activity in the allowance for loan losses by portfolio segment for the three and nine-month periods ended September 30, 2018 and 2017 (in thousands):

	Three Months Ended September 30, 2018
Allowance for loan losses	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance	$	4,969			$	8,740			$	1,445			$	4,491			$	19,645
Charge-offs	—				—				(60		)		(380		)		(440		)
Recoveries	13				—				—				117				130
Net recoveries (charge-offs)	13				—				(60		)		(263		)		(310		)
Provision	285				(91		)		11				95				300
Ending balance	$	5,267			$	8,649			$	1,396			$	4,323			$	19,635

	Three Months Ended September 30, 2017
Allowance for loan losses	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance	$	1,883			$	7,778			$	1,517			$	3,926			$	15,104
Charge-offs	(89		)		(154		)		(133		)		(440		)		(816		)
Recoveries	34				1				—				82				117
Net recoveries (charge-offs)	(55		)		(153		)		(133		)		(358		)		(699		)
Provision	99				758				12				420				1,289
Ending balance	$	1,927			$	8,383			$	1,396			$	3,988			$	15,694

	Nine Months Ended September 30, 2018
Allowance for loan losses	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance:	$	6,976			$	8,514			$	1,316			$	4,355			$	21,161
Charge-offs:	(3,644		)		(145		)		(225		)		(1,301		)		(5,315		)
Recoveries:	34				2				5				377				418
Net recoveries (charge-offs)	(3,610		)		(143		)		(220		)		(924		)		(4,897		)
Provision	1,901				278				300				892				3,371
Ending balance	$	5,267			$	8,649			$	1,396			$	4,323			$	19,635

	Nine Months Ended September 30, 2017
Allowance for loan losses	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance:	$	1,589			$	7,270			$	1,523			$	3,871			$	14,253
Charge-offs:	(96		)		(154		)		(193		)		(1,265		)		(1,708		)
Recoveries:	95				4				30				270				399
Net recoveries (charge-offs)	(1		)		(150		)		(163		)		(995		)		(1,309		)
Provision	339				1,263				36				1,112				2,750
Ending balance	$	1,927			$	8,383			$	1,396			$	3,988			$	15,694

Allowance for loan losses and the recorded investment in loans based on impairment method

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018
Allowance for loan losses:	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	1,713			$	496			$	—			$	—			$	2,209
Collectively evaluated for impairment	3,554				8,153				1,396				4,323				17,426
Total ending allowance balance	$	5,267			$	8,649			$	1,396			$	4,323			$	19,635

	December 31, 2017
Allowance for loan losses:	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	5,135			$	802			$	—			$	—			$	5,937
Collectively evaluated for impairment	1,841				7,683				1,316				4,355				15,195
Loans acquired with deteriorated credit quality	—				29				—				—				29
Total ending allowance balance	$	6,976			$	8,514			$	1,316			$	4,355			$	21,161

	September 30, 2018
Loans:	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Loans individually evaluated for impairment	$	2,181			$	6,572			$	410			$	58			$	9,221
Loans collectively evaluated for  impairment	190,777				661,003				188,751				274,770				1,315,301
Total ending loans balance	$	192,958			$	667,575			$	189,161			$	274,828			$	1,324,522

	December 31, 2017
Loans:	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Loans individually evaluated for impairment	$	6,133			$	7,302			$	427			$	64			$	13,926
Loans collectively evaluated for  impairment	193,443				638,080				194,510				274,831				1,300,864
Loans acquired with deteriorated credit quality	—				792				—				—				792
Total ending loans balance	$	199,576			$	646,174			$	194,937			$	274,895			$	1,315,582

Summary of impaired financing receivables

The following table presents loans individually evaluated for impairment recognized by class of loans as of September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018												December 31, 2017
With no related allowance recorded:	Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated				Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
Commercial and agricultural:
Commercial and industrial	$	405			$	405			$	—			$	861			$	867			$	—
Commercial mortgages:
Construction	322				323				—				364				365				—
Commercial mortgages, other	4,342				4,309				—				4,135				4,138				—
Residential mortgages	432				410				—				450				427				—
Consumer loans:
Home equity lines and loans	57				58				—				64				64				—
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial	1,773				1,776				1,713				5,231				5,266				5,135
Commercial mortgages:
Commercial mortgages, other	1,939				1,940				496				2,989				2,799				802
Total	$	9,270			$	9,221			$	2,209			$	14,094			$	13,926			$	5,937

The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans as of the three and nine-month periods ended September 30, 2018 and 2017 (in thousands):

		Three Months Ended   September 30, 2018								Three Months Ended   September 30, 2017								Nine Months Ended   September 30, 2018								Nine Months Ended   September 30, 2017
With no related allowance recorded:		Average Recorded Investment				Interest Income Recognized (1)				Average Recorded Investment				Interest Income Recognized (1)				Average Recorded Investment				Interest Income Recognized (1)				Average Recorded Investment				Interest Income Recognized (1)
Commercial and agricultural:
Commercial and industrial		$	526			$	1			$	661			$	8			$	673			$	11			$	666			$	24
Commercial mortgages:
Construction		330				3				974				3				344				8				946				9
Commercial mortgages, other		4,339				5				4,946				5				4,257				16				5,973				73
Residential mortgages		413				2				439				2				420				6				416				6
Consumer loans:
Home equity lines & loans		59				1				68				1				61				2				76				2
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial		1,573				1				291				3				3,359				2				145				4
Commercial mortgages:
Commercial mortgages, other		2,040				1				4,721				4				2,419				4				3,989				10
Consumer loans:
Home equity lines and loans		—				—				—				—				—				—				180				—
Total		$	9,280			$	14			$	12,100			$	26			$	11,533			$	49			$	12,391			$	128

(1)Cash basis interest income approximates interest income recognized.

The following table presents the recorded investment in non-accrual and loans past due 90 days or more and still accruing by class of loans as of September 30, 2018 and December 31, 2017 (in thousands):

		Non-accrual								Loans Past Due 90 Days or More and Still Accruing
		September 30, 2018				December 31, 2017				September 30, 2018				December 31, 2017
Commercial and agricultural:
Commercial and industrial		$	2,075			$	5,250			$	—			$	5
Commercial mortgages:
Construction		115				135				—				—
Commercial mortgages, other		5,849				6,520				—				—
Residential mortgages		2,654				3,160				—				—
Consumer loans:
Credit cards		—				—				14				24
Home equity lines and loans		1,289				1,310				—				—
Indirect consumer loans		616				935				—				—
Direct consumer loans		31				14				—				—
Total		$	12,629			$	17,324			$	14			$	29

Recorded investment in past due and non-accrual status by class of loans

The following tables present the aging of the recorded investment in loans as of September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018
	30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or More Past Due				Total Past Due				Loans Acquired with Deteriorated Credit Quality				Loans Not Past Due				Total
Commercial and agricultural:
Commercial and industrial	$	5,894			$	121			$	14			$	6,029			$	—			$	186,641			$	192,670
Agricultural	—				—				—				—				—				288				288
Commercial mortgages:
Construction	—				—				—				—				—				50,504				50,504
Commercial mortgages, other	2,137				25				436				2,598				—				614,473				617,071
Residential mortgages	1,324				510				946				2,780				—				186,381				189,161
Consumer loans:
Credit cards	5				4				14				23				—				1,370				1,393
Home equity lines and loans	244				111				816				1,171				—				97,366				98,537
Indirect consumer loans	1,424				240				305				1,969				—				155,557				157,526
Direct consumer loans	59				21				23				103				—				17,269				17,372
Total	$	11,087			$	1,032			$	2,554			$	14,673			$	—			$	1,309,849			$	1,324,522

	December 31, 2017
	30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or More Past Due				Total Past Due				Loans Acquired with Deteriorated Credit Quality				Loans Not Past Due				Total
Commercial and agricultural:
Commercial and industrial	$	1,689			$	999			$	20			$	2,708			$	—			$	196,322			$	199,030
Agricultural	—				—				—				—				—				546				546
Commercial mortgages:
Construction	—				—				—				—				—				45,688				45,688
Commercial mortgages, other	2,399				115				748				3,262				792				596,432				600,486
Residential mortgages	1,399				939				1,474				3,812				—				191,125				194,937
Consumer loans:
Credit cards	17				9				24				50				—				1,466				1,516
Home equity lines and loans	265				31				983				1,279				—				99,599				100,878
Indirect consumer loans	1,822				484				581				2,887				—				150,645				153,532
Direct consumer loans	48				28				2				78				—				18,891				18,969
Total	$	7,639			$	2,605			$	3,832			$	14,076			$	792			$	1,300,714			$	1,315,582

Loans by class modified as troubled debt restructurings

The following table presents loans by class modified as TDRs that occurred during the three month period ended September 30, 2017 (dollars in thousands):

September 30, 2017		Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial		2			$	506			$	506
Total		2			$	506			$	506

The TDRs described above increased the allowance for loan losses by $0.1 million and resulted in no charge-offs during the three month period ended September 30, 2017.

The following tables present loans by class modified as TDRs that occurred during the nine months ended September 30, 2018 and 2017 (dollars in thousands):

September 30, 2018		Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial		1			$	100			$	100
Total		1			$	100			$	100

September 30, 2017		Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial		3			$	677			$	677
Commercial mortgages:
Commercial mortgages		1			$	166			$	166
Residential mortgages		1			105				105
Total		5			$	948			$	948

Risk category of the recorded investment of loans by class of loans

Based on the analyses performed as of September 30, 2018 and December 31, 2017, the risk category of the recorded investment of loans by class of loans is as follows (in thousands):

	September 30, 2018
	Not Rated				Pass				Special Mention				Substandard				Doubtful				Loans acquired with deteriorated credit quality				Total
Commercial and agricultural:
Commercial and industrial	$	—			$	179,502			$	9,421			$	2,021			$	1,726			$	—			$	192,670
Agricultural	—				288				—				—				—				—				288
Commercial mortgages:
Construction	—				50,389				—				115				—				—				50,504
Commercial mortgages	—				592,724				10,793				12,252				1,302				—				617,071
Residential mortgages	186,507				—				—				2,654				—				—				189,161
Consumer loans:
Credit cards	1,393				—				—				—				—				—				1,393
Home equity lines and loans	97,248				—				—				1,289				—				—				98,537
Indirect consumer loans	156,910				—				—				616				—				—				157,526
Direct consumer loans	17,341				—				—				31				—				—				17,372
Total	$	459,399			$	822,903			$	20,214			$	18,978			$	3,028			$	—			$	1,324,522

	December 31, 2017
	Not Rated				Pass				Special Mention				Substandard				Doubtful				Loans acquired with deteriorated credit quality				Total
Commercial and agricultural:
Commercial and industrial	$	—			$	186,556			$	4,447			$	6,605			$	1,422			$	—			$	199,030
Agricultural	—				546				—				—				—				—				546
Commercial mortgages:
Construction	—				45,553				—				135				—				—				45,688
Commercial mortgages	—				575,321				9,665				13,331				1,377				792				600,486
Residential mortgages	191,777				—				—				3,160				—				—				194,937
Consumer loans:
Credit cards	1,516				—				—				—				—				—				1,516
Home equity lines and loans	99,568				—				—				1,310				—				—				100,878
Indirect consumer loans	152,598				—				—				934				—				—				153,532
Direct consumer loans	18,955				—				—				14				—				—				18,969
Total	$	464,414			$	807,976			$	14,112			$	25,489			$	2,799			$	792			$	1,315,582

Recorded investment in residential and consumer loans based on payment activity

The following table presents the recorded investment in residential and consumer loans based on payment activity as of September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018
					Consumer Loans
	Residential Mortgages				Credit Card				Home Equity Lines and Loans				Indirect Consumer Loans				Other Direct Consumer Loans
Performing	$	186,507			$	1,393			$	97,248			$	156,910			$	17,341
Non-Performing	2,654				—				1,289				616				31
	$	189,161			$	1,393			$	98,537			$	157,526			$	17,372

	December 31, 2017
					Consumer Loans
	Residential Mortgages				Credit Card				Home Equity Lines and Loans				Indirect Consumer Loans				Other Direct Consumer Loans
Performing	$	191,777			$	1,516			$	99,568			$	152,598			$	18,955
Non-Performing	3,160				—				1,310				934				14
	$	194,937			$	1,516			$	100,878			$	153,532			$	18,969

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Tabular disclosure of residential and consumer receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of residential and consumer 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.

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