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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2021

Loans and Leases Receivable Disclosure [Abstract]

Schedule of 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, 2021						December 31, 2020
Commercial and agricultural:
Commercial and industrial						$	270,656					$	368,663
Agricultural						419						283
Commercial mortgages:
Construction						67,445						61,945
Commercial mortgages, other						721,709						654,663
Residential mortgages						253,991						239,401
Consumer loans:
Home equity lines and loans						72,471						78,547
Indirect consumer loans						119,772						120,538
Direct consumer loans						10,205						12,423
Total loans, net of deferred loan fees and costs						1,516,668						1,536,463
Interest receivable on loans						4,261						5,035
Total recorded investment in loans						$	1,520,929					$	1,541,498

Schedule of 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 month periods ended September 30, 2021 and 2020 (in thousands):

			Three Months Ended September 30, 2021
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Beginning balance			$	3,628					$	12,963					$	1,791					$	2,294					$	20,676
Charge-offs			—						(44)						—						(190)						(234)
Recoveries			8						1						—						133						142
Net recoveries (charge-offs)			8						(43)						—						(57)						(92)
Provision			(15)						361						80						(70)						356
Ending balance			$	3,621					$	13,281					$	1,871					$	2,167					$	20,940

			Three Months Ended September 30, 2020
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Beginning balance			$	8,327					$	10,549					$	1,891					$	3,363					$	24,130
Charge-offs			(68)						—						(42)						(216)						(326)
Recoveries			18						2						—						87						107
Net recoveries (charge-offs)			(50)						2						(42)						(129)						(219)
Provision			180						361						232						(94)						679
Ending balance			$	8,457					$	10,912					$	2,081					$	3,140					$	24,590

The following tables present the activity in the allowance for loan losses by portfolio segment for the nine month periods ended September 30, 2021 and 2020 (in thousands):

			Nine Months Ended September 30, 2021
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Beginning balance			$	4,493					$	11,496					$	2,079					$	2,856					$	20,924
Charge-offs			(25)						(44)						(71)						(510)						(650)
Recoveries			283						2						10						424						719
Net recoveries (charge-offs)			258						(42)						(61)						(86)						69
Provision			(1,130)						1,827						(147)						(603)						(53)
Ending balance			$	3,621					$	13,281					$	1,871					$	2,167					$	20,940

			Nine Months Ended September 30, 2020
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Beginning balance			$	10,227					$	8,869					$	1,252					$	3,130					$	23,478
Charge-offs			(134)						(2,143)						(56)						(915)						(3,248)
Recoveries			27						2						49						293						371
Net recoveries (charge-offs)			(107)						(2,141)						(7)						(622)						(2,877)
Provision			(1,663)						4,184						836						632						3,989
Ending balance			$	8,457					$	10,912					$	2,081					$	3,140					$	24,590

Schedule of 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, 2021 and December 31, 2020 (in thousands):

			September 30, 2021
Allowance for loan losses:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment			$	1,525					$	1,800					$	—					$	73					$	3,398
Collectively evaluated for impairment			2,096						11,481						1,871						2,094						17,542
Total ending allowance balance			$	3,621					$	13,281					$	1,871					$	2,167					$	20,940

			December 31, 2020
Allowance for loan losses:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment			$	1,401					$	74					$	—					$	52					$	1,527
Collectively evaluated for impairment			3,092						11,422						2,079						2,804						19,397
Total ending allowance balance			$	4,493					$	11,496					$	2,079					$	2,856					$	20,924

			September 30, 2021
Loans:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Loans individually evaluated for impairment			$	2,582					$	8,356					$	946					$	333					$	12,217
Loans collectively evaluated for  impairment			269,290						783,120						253,695						202,607						1,508,712
Total ending loans balance			$	271,872					$	791,476					$	254,641					$	202,940					$	1,520,929

			December 31, 2020
Loans:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Loans individually evaluated for impairment			$	3,400					$	5,117					$	1,271					$	801					$	10,589
Loans collectively evaluated for  impairment			366,852						714,028						238,742						211,287						1,530,909
Total ending loans balance			$	370,252					$	719,145					$	240,013					$	212,088					$	1,541,498

Schedule of Impaired Financing Receivables

The following table presents loans individually evaluated for impairment recognized by class of loans as of September 30, 2021 and December 31, 2020 (in thousands):

			September 30, 2021																		December 31, 2020
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			$	995					$	970					$	—					$	1,960					$	1,963					$	—
Commercial mortgages:
Construction			143						143						—						188						189						—
Commercial mortgages, other			7,312						4,651						—						6,814						4,760						—
Residential mortgages			960						946						—						1,283						1,271						—
Consumer loans:
Home equity lines and loans			195						179						—						645						631						—
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial			5,487						1,612						1,525						5,228						1,437						1,401
Commercial mortgages:
Commercial mortgages, other			3,554						3,562						1,800						258						168						74
Consumer loans:
Home equity lines and loans			154						154						73						170						170						52
Total			$	18,800					$	12,217					$	3,398					$	16,546					$	10,589					$	1,527

The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the three and nine month periods ended September 30, 2021 and 2020 (in thousands):

						Three Months Ended   September 30, 2021												Three Months Ended   September 30, 2020												Nine Months Ended   September 30, 2021												Nine Months Ended   September 30, 2020
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						$	1,378					$	3					$	1,239					$	2					$	1,645					$	3					$	679					$	2
Commercial mortgages:
Construction						151						1						213						2						167						5						226						6
Commercial mortgages, other						4,665						8						4,515						—						4,743						23						3,938						—
Residential mortgages						950						12						1,224						7						1,034						29						873						17
Consumer loans:
Home equity lines & loans						184						2						650						2						299						5						399						5
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial						1,545						4						5,804						2						1,511						6						5,867						4
Commercial mortgages:
Commercial mortgages, other						3,644						25						2,229						8						1,905						25						3,645						16
Consumer loans:
Home equity lines and loans						155						—						175						—						160						—						88						—
Total						$	12,672					$	55					$	16,049					$	23					$	11,464					$	96					$	15,715					$	50

(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, 2021 and December 31, 2020 (in thousands):

						Non-accrual												Loans Past Due 90 Days or More and Still Accruing
						September 30, 2021						December 31, 2020						September 30, 2021						December 31, 2020
Commercial and agricultural:
Commercial and industrial						$	2,080					$	2,167					$	4					$	2
Commercial mortgages:
Construction						36						55						—						—
Commercial mortgages, other						4,212						4,415						—						—
Residential mortgages						845						1,632						—						—
Consumer loans:
Home equity lines and loans						819						1,159						—						—
Indirect consumer loans						367						519						—						—
Direct consumer loans						14						5						—						—
Total						$	8,373					$	9,952					$	4					$	2

Schedule of 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, 2021 and December 31, 2020 (in thousands):

			September 30, 2021
			30 - 59 Days Past Due						60 - 89 Days Past Due						90 Days or More Past Due						Total Past Due												Loans Not Past Due						Total
Commercial and agricultural:
Commercial and industrial			$	1,110					$	1,375					$	45					$	2,530											$	268,921					$	271,451
Agricultural			—						—						—						—												421						421
Commercial mortgages:
Construction			—						—						—						—												67,644						67,644
Commercial mortgages, other			2,056						2,615						217						4,888												718,944						723,832
Residential mortgages			1,226						131						436						1,793												252,848						254,641
Consumer loans:
Home equity lines and loans			115						161						542						818												71,835						72,653
Indirect consumer loans			764						83						161						1,008												119,037						120,045
Direct consumer loans			13						7						8						28												10,214						10,242
Total			$	5,284					$	4,372					$	1,409					$	11,065											$	1,509,864					$	1,520,929

			December 31, 2020
			30 - 59 Days Past Due						60 - 89 Days Past Due						90 Days or More Past Due						Total Past Due												Loans Not Past Due						Total
Commercial and agricultural:
Commercial and industrial			$	520					$	14					$	30					$	564											$	369,404					$	369,968
Agricultural			—						—						—						—												284						284
Commercial mortgages:
Construction			—						—						—						—												62,164						62,164
Commercial mortgages, other			1,438						3,696						308						5,442												651,539						656,981
Residential mortgages			817						406						461						1,684												238,329						240,013
Consumer loans:
Home equity lines and loans			521						41						474						1,036												77,725						78,761
Indirect consumer loans			1,268						198						252						1,718												119,135						120,853
Direct consumer loans			34						2						—						36												12,438						12,474
Total			$	4,598					$	4,357					$	1,525					$	10,480											$	1,531,018					$	1,541,498

Schedule of 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, 2021 and September 30, 2020 (dollars in thousands):

September 30, 2021						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial						2						$	502					$	502
Total						2						$	502					$	502

September 30, 2020						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and industrial						2						$	1,138					$	1,138
Residential mortgages						1						320						320
Total						3						$	1,458					$	1,458

The following table presents loans by class modified as TDRs that occurred during the nine month period ended September 30, 2021 and September 30, 2020 (dollars in thousands):

September 30, 2021						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial						2						$	502					$	502
Agricultural
Commercial mortgages:
Commercial mortgages, other						4						$	6,094					$	6,094
Total						6						$	6,596					$	6,596

September 30, 2020						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial						4						$	2,068					$	2,068
Agricultural
Commercial mortgages:
Commercial mortgages, other						4						1,297						1,297
Residential mortgages						4						997						997
Consumer loans:
Home equity lines and loans						3						738						738
Total						15						$	5,100					$	5,100

Schedule of Risk Category of the Recorded Investment of Loans by Class of Loans

Based on the analyses performed as of September 30, 2021 and December 31, 2020, the risk category of the recorded investment of loans by class of loans is as follows (in thousands):

			September 30, 2021
			Not Rated						Pass						Special Mention						Substandard						Doubtful												Total
Commercial and agricultural:
Commercial and industrial			$	—					$	264,526					$	2,565					$	3,166					$	1,194											$	271,451
Agricultural			—						421						—						—						—												421
Commercial mortgages:
Construction			—						67,607						—						37						—												67,644
Commercial mortgages			—						670,350						33,937						18,422						1,123												723,832
Residential mortgages			253,796						—						—						845						—												254,641
Consumer loans:
Home equity lines and loans			71,834						—						—						819						—												72,653
Indirect consumer loans			119,678						—						—						367						—												120,045
Direct consumer loans			10,228						—						—						14						—												10,242
Total			$	455,536					$	1,002,904					$	36,502					$	23,670					$	2,317											$	1,520,929

			December 31, 2020
			Not Rated						Pass						Special Mention						Substandard						Doubtful												Total
Commercial and agricultural:
Commercial and industrial			$	—					$	360,500					$	2,999					$	5,092					$	1,377											$	369,968
Agricultural			—						284						—						—						—												284
Commercial mortgages:
Construction			—						59,885						—						2,279						—												62,164
Commercial mortgages			—						616,090						23,631						16,128						1,132												656,981
Residential mortgages			238,381						—						—						1,632						—												240,013
Consumer loans:
Home equity lines and loans			77,602						—						—						1,159						—												78,761
Indirect consumer loans			120,334						—						—						519						—												120,853
Direct consumer loans			12,470						—						—						4						—												12,474
Total			$	448,787					$	1,036,759					$	26,630					$	26,813					$	2,509											$	1,541,498

Schedule of Recorded Investment in Residential and Consumer Loans Based on Payment Activity

The following tables present the recorded investment in residential and consumer loans based on payment activity as of September 30, 2021 and December 31, 2020 (in thousands):

			September 30, 2021
															Consumer Loans
			Residential Mortgages												Home Equity Lines and Loans						Indirect Consumer Loans						Other Direct Consumer Loans
Performing			$	253,796											$	71,834					$	119,678					$	10,228
Non-Performing			845												819						367						14
			$	254,641											$	72,653					$	120,045					$	10,242

			December 31, 2020
															Consumer Loans
			Residential Mortgages												Home Equity Lines and Loans						Indirect Consumer Loans						Other Direct Consumer Loans
Performing			$	238,381											$	77,602					$	120,334					$	12,470
Non-Performing			1,632												1,159						519						4
			$	240,013											$	78,761					$	120,853					$	12,474

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