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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [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):

						March 31, 2022						December 31, 2021
Commercial and agricultural:
Commercial and industrial						$	254,048					$	256,893
Agricultural						235						394
Commercial mortgages:
Construction						80,472						82,204
Commercial mortgages, other						767,549						720,358
Residential mortgages						264,816						259,334
Consumer loans:
Home equity lines and loans						70,257						70,670
Indirect consumer loans						119,674						118,569
Direct consumer loans						9,474						9,827
Total loans, net of deferred loan fees and costs						1,566,525						1,518,249
Interest receivable on loans						4,334						4,133
Total recorded investment in loans						$	1,570,859					$	1,522,382

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 March 31, 2022 and 2021 (in thousands):

			Three Months Ended March 31, 2022
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Beginning balance			$	3,591					$	13,556					$	1,803					$	2,075					$	21,025
Charge-offs			(4)						—						—						(194)						(198)
Recoveries			6						1						—						239						246
Net recoveries (charge-offs)			2						1						—						45						48
Provision			(110)						(593)						(197)						(245)						(1,145)
Ending balance			$	3,483					$	12,964					$	1,606					$	1,875					$	19,928

			Three Months Ended March 31, 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			—						—						(26)						(164)						(190)
Recoveries			296						—						—						138						434
Net recoveries (charge-offs)			296						—						(26)						(26)						244
Provision			(452)						290						62						(159)						(259)
Ending balance			$	4,337					$	11,786					$	2,115					$	2,671					$	20,909

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 March 31, 2022 and December 31, 2021 (in thousands):

			March 31, 2022
Allowance for loan losses:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment			$	1,329					$	1,479					$	—					$	53					$	2,861
Collectively evaluated for impairment			2,154						11,485						1,606						1,822						17,067
Total ending allowance balance			$	3,483					$	12,964					$	1,606					$	1,875					$	19,928

			December 31, 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			$	1,394					$	1,571					$	—					$	65					$	3,030
Collectively evaluated for impairment			2,197						11,985						1,803						2,010						17,995
Total ending allowance balance			$	3,591					$	13,556					$	1,803					$	2,075					$	21,025

			March 31, 2022
Loans:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Loans individually evaluated for impairment			$	2,341					$	6,829					$	931					$	302					$	10,403
Loans collectively evaluated for  impairment			252,677						843,645						264,555						199,579						1,560,456
Total ending loans balance			$	255,018					$	850,474					$	265,486					$	199,881					$	1,570,859

			December 31, 2021
Loans:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Loans individually evaluated for impairment			$	2,427					$	7,967					$	938					$	315					$	11,647
Loans collectively evaluated for  impairment			255,586						796,858						259,029						199,262						1,510,735
Total ending loans balance			$	258,013					$	804,825					$	259,967					$	199,577					$	1,522,382

Schedule of Impaired Financing Receivables

The following table presents loans individually evaluated for impairment recognized by class of loans as of March 31, 2022 and December 31, 2021 (in thousands):

			March 31, 2022																		December 31, 2021
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			$	927					$	927					$	—					$	954					$	948					$	—
Commercial mortgages:
Construction			112						113						—						129						130						—
Commercial mortgages, other			6,768						4,107						—						6,940						4,278						—
Residential mortgages			943						931						—						951						938						—
Consumer loans:
Home equity lines and loans			177						161						—						185						169						—
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial			1,412						1,414						1,329						5,350						1,479						1,394
Commercial mortgages:
Commercial mortgages, other			2,601						2,609						1,479						3,550						3,559						1,571
Consumer loans:
Home equity lines and loans			141						141						53						146						146						65
Total			$	13,081					$	10,403					$	2,861					$	18,205					$	11,647					$	3,030

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 month periods ended March 31, 2022 and 2021 (in thousands):

						Three Months Ended   March 31, 2022												Three Months Ended   March 31, 2021
With no related allowance recorded:						Average Recorded Investment						Interest Income Recognized1						Average Recorded Investment						Interest Income Recognized1
Commercial and agricultural:
Commercial and industrial						$	937					$	3					$	1,912					$	13
Commercial mortgages:
Construction						121						1						182						2
Commercial mortgages, other						4,193						7						4,822						8
Residential mortgages						934						11						1,118						8
Consumer loans:
Home equity lines & loans						165						1						413						2
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial						1,446						3						1,477						2
Commercial mortgages:
Commercial mortgages, other						3,084						21						167						—
Consumer loans:
Home equity lines and loans						143						—						166						—
Total						$	11,023					$	47					$	10,257					$	35

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

Schedule of Recorded Investment in Past Due and Non-Accrual Status by Class of Loans

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 March 31, 2022 and December 31, 2021 (in thousands):

						Non-accrual												Loans Past Due 90 Days or More and Still Accruing
						March 31, 2022						December 31, 2021						March 31, 2022						December 31, 2021
Commercial and agricultural:
Commercial and industrial						$	1,854					$	1,932					$	6					$	4
Commercial mortgages:
Construction						24						34						—						—
Commercial mortgages, other						3,676						3,844						—						—
Residential mortgages						780						1,039						—						—
Consumer loans:
Home equity lines and loans						831						790						—						—
Indirect consumer loans						523						462						—						—
Direct consumer loans						15						13						—						—
Total						$	7,703					$	8,114					$	6					$	4

The following tables present the aging of the recorded investment in loans as of March 31, 2022 and December 31, 2021 (in thousands):

			March 31, 2022
			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			$	12					$	—					$	18					$	30											$	254,752					$	254,782
Agricultural			—						—						—						—												236						236
Commercial mortgages:
Construction			—						—						—						—												80,705						80,705
Commercial mortgages, other			375						—						1,309						1,684												768,085						769,769
Residential mortgages			530						122						401						1,053												264,433						265,486
Consumer loans:
Home equity lines and loans			208						83						578						869												69,567						70,436
Indirect consumer loans			630						257						178						1,065												118,865						119,930
Direct consumer loans			9						2						15						26												9,489						9,515
Total			$	1,764					$	464					$	2,499					$	4,727											$	1,566,132					$	1,570,859

			December 31, 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			$	413					$	148					$	26					$	587											$	257,031					$	257,618
Agricultural			—						—						—						—												395						395
Commercial mortgages:
Construction			—						—						—						—												82,435						82,435
Commercial mortgages, other			24						224						1,302						1,550												720,840						722,390
Residential mortgages			580						32						652						1,264												258,703						259,967
Consumer loans:
Home equity lines and loans			256						69						424						749												70,105						70,854
Indirect consumer loans			1,179						424						255						1,858												116,997						118,855
Direct consumer loans			24						11						13						48												9,820						9,868
Total			$	2,476					$	908					$	2,672					$	6,056											$	1,516,326					$	1,522,382

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 March 31, 2021 (dollars in thousands):

March 31, 2021						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial mortgages:
Commercial mortgages, other						2						$	2,488					$	2,488
Total						2						$	2,488					$	2,488

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

Based on the analyses performed as of March 31, 2022 and December 31, 2021, the risk category of the recorded investment of loans by class of loans is as follows (in thousands):

			March 31, 2022
			Not Rated						Pass						Special Mention						Substandard						Doubtful												Total
Commercial and agricultural:
Commercial and industrial			$	—					$	248,148					$	2,649					$	2,933					$	1,052											$	254,782
Agricultural			—						236						—						—						—												236
Commercial mortgages:
Construction			—						80,681						—						24						—												80,705
Commercial mortgages			—						723,700						28,779						16,174						1,116												769,769
Residential mortgages			264,706						—						—						780						—												265,486
Consumer loans:
Home equity lines and loans			69,605						—						—						831						—												70,436
Indirect consumer loans			119,407						—						—						523						—												119,930
Direct consumer loans			9,500						—						—						15						—												9,515
Total			$	463,218					$	1,052,765					$	31,428					$	21,280					$	2,168											$	1,570,859

			December 31, 2021
			Not Rated						Pass						Special Mention						Substandard						Doubtful												Total
Commercial and agricultural:
Commercial and industrial			$	—					$	250,529					$	2,892					$	3,108					$	1,089											$	257,618
Agricultural			—						395						—						—						—												395
Commercial mortgages:
Construction			—						82,404						—						31						—												82,435
Commercial mortgages			—						672,741						31,072						17,458						1,119												722,390
Residential mortgages			258,928						—						—						1,039						—												259,967
Consumer loans:
Home equity lines and loans			70,064						—						—						790						—												70,854
Indirect consumer loans			118,393						—						—						462						—												118,855
Direct consumer loans			9,855						—						—						13						—												9,868
Total			$	457,240					$	1,006,069					$	33,964					$	22,901					$	2,208											$	1,522,382

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 March 31, 2022 and December 31, 2021 (in thousands):

			March 31, 2022
															Consumer Loans
			Residential Mortgages												Home Equity Lines and Loans						Indirect Consumer Loans						Other Direct Consumer Loans
Performing			$	264,706											$	69,605					$	119,407					$	9,500
Non-Performing			780												831						523						15
			$	265,486											$	70,436					$	119,930					$	9,515

			December 31, 2021
															Consumer Loans
			Residential Mortgages												Home Equity Lines and Loans						Indirect Consumer Loans						Other Direct Consumer Loans
Performing			$	258,928											$	70,064					$	118,393					$	9,855
Non-Performing			1,039												790						462						13
			$	259,967											$	70,854					$	118,855					$	9,868

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