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LOANS AND ALLOWANCE FOR CREDIT LOSSES
 6 Months Ended
Jun. 30, 2024
Credit Loss [Abstract]  
LOANS AND ALLOWANCE FOR CREDIT LOSSES LOANS AND ALLOWANCE FOR CREDIT LOSSES
The composition of the loan portfolio, net of deferred origination fees and costs, is summarized as follows (in thousands):
June 30, 2024December 31, 2023
Commercial and industrial$290,546 $264,396 
Commercial mortgages:
Construction146,369 138,887 
Commercial mortgages, other1,008,343 984,038 
Residential mortgages271,620 277,992 
Consumer loans:
Home equity lines and loans87,228 87,056 
Indirect consumer loans198,407 210,423 
Direct consumer loans8,959 9,872 
Total loans, net of deferred loan fees and costs2,011,472 1,972,664 
Allowance for credit losses(21,031)(22,517)
Loans, net$1,990,441 $1,950,147 
The Corporation's concentrations of credit risk by loan type are reflected in the preceding table. The concentrations of credit risk with standby letters of credit, committed lines of credit and commitments to originate new loans generally follow the loan classifications in the table above.
Accrued interest receivable on loans totaled $7.9 million as of June 30, 2024 and $7.8 million as of December 31, 2023. Accrued interest receivable on loans is included in the Accrued interest receivable and other assets line item on the Corporation's Consolidated Balance Sheets, and is excluded from the amortized cost basis of loans and estimate of the allowance for credit losses, as presented in this Note.
Commercial and industrial loans includes agricultural loans which totaled $0.2 million and $0.3 million as of June 30, 2024 and December 31, 2023. Agricultural loans were previously presented as a standalone loan category. Prior period information included in this Note reflects agricultural loans as a component of commercial and industrial loans.
The following tables present the activity in the allowance for credit losses by portfolio segment for the three month periods ended June 30, 2024 and June 30, 2023 (in thousands):
Three Months Ended June 30, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, April 1, 2024$4,516 $10,367 $2,062 $3,526 $20,471 
Charge-offs— — (3)(446)(449)
Recoveries13 1 26 103 143 
Net recoveries (charge-offs)13 1 23 (343)(306)
Provision (1)
365 162 21 318 866 
Ending balance, June 30, 2024$4,894 $10,530 $2,106 $3,501 $21,031 
(1)Additional provision related to off-balance sheet exposure was $13 thousand for the three months ended June 30, 2024.
Three Months Ended June 30, 2023
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, April 1, 2023$4,053 $10,983 $1,892 $3,147 $20,075 
Charge-offs(9)— — (242)(251)
Recoveries3 1 — 101 105 
Net recoveries (charge-offs)(6)1 — (141)(146)
Provision (1)
74 10 13 146 243 
Ending balance, June 30, 2023$4,121 $10,994 $1,905 $3,152 $20,172 
(1)Additional provision related to off-balance sheet exposure was a $7 thousand credit for the three months ended June 30, 2023.
The following tables present the activity in the allowance for credit losses by portfolio segment for the six month periods ended June 30, 2024 and June 30, 2023 (in thousands):
Six Months Ended June 30, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, January 1, 2024$5,055 $12,026 $2,194 $3,242 $22,517 
Charge-offs— — (19)(797)(816)
Recoveries50 2 49 227 328 
Net recoveries (charge-offs)50 2 30 (570)(488)
Provision (credit) (1)
(211)(1,498)(118)829 (998)
Ending balance, June 30, 2024$4,894 $10,530 $2,106 $3,501 $21,031 
(1)Additional provision related to off-balance sheet exposure was a $163 thousand credit for the six months ended June 30, 2024.

The Corporation performs an annual update to the loss drivers used in modeling its estimate of the allowance for credit losses. Annual updates for the model in 2024 were completed during the three month period ended March 31, 2024.
Six Months Ended June 30, 2023
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, January 1, 2023$3,373 $11,576 $1,845 $2,865 $19,659 
Cumulative effect adjustment for the adoption of ASC 326909 (695)(16)176 374 
Beginning balance after cumulative effect adjustment, January 1, 20234,282 10,881 1,829 3,041 20,033 
Charge-offs(199)— — (437)(636)
Recoveries8 1 — 212 221 
Net recoveries (charge-offs)(191)1 — (225)(415)
Provision (1)
30 112 76 336 554 
Ending balance, June 30, 2023$4,121 $10,994 $1,905 $3,152 $20,172 
(1)Additional provision related to off-balance sheet exposure was a $41 thousand credit for the six months ended June 30, 2023.

Unfunded Commitments
The allowance for credit losses on unfunded commitments is recognized as a liability, and included in the Accrued interest payable and other liabilities line item on the Corporation's Consolidated Balance Sheets, with adjustments to the allowance recognized in the Provision for credit losses on the Consolidated Statements of Income. The Corporation established an allowance for credit losses on unfunded commitments in conjunction with its adoption of ASC 326-Financial Instruments-Credit Losses.
The following tables present the activity in the allowance for credit losses on unfunded commitments for the three and six month periods ended June 30, 2024 and 2023 (in thousands):
For the Three Months Ended
Allowance for credit losses on unfunded commitments June 30, 2024June 30, 2023
Beginning balance $743 $1,048 
Provision (credit) for credit losses on unfunded commitments 13 (7)
Ending balance $756 $1,041 
For the Six Months Ended
Allowance for credit losses on unfunded commitments June 30, 2024June 30, 2023
Beginning balance $919 $— 
Impact of ASC 326 adoption— 1,082 
Provision (credit) for credit losses on unfunded commitments (163)(41)
Ending balance $756 $1,041 

The following tables present the provision for credit losses on loans and unfunded commitments for the three and six month periods ended June 30, 2024 and June 30, 2023 (in thousands):
For the Three Months Ended
Provision (credit) for credit lossesJune 30, 2024June 30, 2023
Provision for credit losses on loans $866 $243 
Provision (credit) for credit losses on unfunded commitments 13 (7)
Total provision (credit) for credit losses$879 $236 
For the Six Months Ended
Provision for credit lossesJune 30, 2024June 30, 2023
Provision (credit) for credit losses on loans $(998)$554 
Provision (credit) for credit losses on unfunded commitments (163)(41)
Total provision (credit) for credit losses$(1,161)$513 


The following tables present the balance in the allowance for credit losses by portfolio segment, as of June 30, 2024 and December 31, 2023 (in thousands):
 June 30, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Ending allowance balance attributable to loans:
Individually analyzed$1,860 $21 $— $— $1,881 
Collectively analyzed3,034 10,509 2,106 3,501 19,150 
   Total ending allowance balance$4,894 $10,530 $2,106 $3,501 $21,031 

 December 31, 2023
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotals
Ending allowance balance attributable to loans:
Individually analyzed$1,928 $27 $— $— $1,955 
Collectively analyzed3,127 11,999 2,194 3,242 20,562 
Total ending allowance balance$5,055 $12,026 $2,194 $3,242 $22,517 

The following tables present the amortized cost basis of loans by portfolio segment, as of June 30, 2024 and December 31, 2023 (in thousands):
 June 30, 2024
Amortized cost basis of loans:Commercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Individually analyzed $2,102 $3,947 $— $— $6,049 
Collectively analyzed288,444 1,150,765 271,620 294,594 2,005,423 
   Total ending loans balance$290,546 $1,154,712 $271,620 $294,594 $2,011,472 
 December 31, 2023
Amortized cost basis of loans:Commercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Individually analyzed$2,067 $5,968 $— $— $8,035 
Collectively analyzed262,329 1,116,957 277,992 307,351 1,964,629 
Total ending loans balance$264,396 $1,122,925 $277,992 $307,351 $1,972,664 


Modifications to Loans Made to Borrowers Experiencing Financial Difficulty
Effective January 1, 2023, the Corporation adopted ASU 2022-02, Financial Instruments-Credit Losses (Topic 326)-Troubled Debt Restructurings and Vintage Disclosures. The Corporation may occasionally make modifications to loans where the borrower is considered to be experiencing financial difficulty. Types of modifications considered under ASU 2022-02 include principal reductions, interest rate reductions, term extensions, significant payment delays, or a combination thereof.

The following tables summarize the amortized cost basis of loans modified during the three and six month periods ended June 30, 2024 and June 30, 2023 (in thousands):
Three Months Ended June 30, 2024
Loans modified under ASU 2022-02:Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Residential mortgages $— $— $— $440 $— $440 0.16 %
Total$— $— $— $440 $— $440 
(1) Represents amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.

Three Months Ended June 30, 2023
Loans modified under ASU 2022-02:Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial mortgages, other$— $— $— $1,920 $— $1,920 0.21 %
Total$— $— $— $1,920 $— $1,920 
(1) Represents amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.

Six Months Ended June 30, 2024
Loans modified under ASU 2022-02:Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Residential mortgages $— $— $— $440 $— $440 0.16 %
Total$— $— $— $440 $— $440 
(1) Represents amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.

Six Months Ended June 30, 2023
Loans modified under ASU 2022-02:Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial mortgages, other$— $— $275 $1,920 $— $2,195 0.24 %
Total$— $— $275 $1,920 $— $2,195 
(1) Represents amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.
The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three and six month periods ended June 30, 2024 and June 30, 2023 (in thousands):

Three Months Ended June 30, 2024
Effect of loan modifications under ASU 2022-02:Principal Reduction (in thousands)Weighted-average interest rate reduction (%)Weighted-average term extension (in months)Weighted-average payment delay
(in months)
Residential mortgages$——%06

Three Months Ended June 30, 2023
Effect of loan modifications under ASU 2022-02:Principal Reduction
(in thousands)		Weighted-average interest rate reduction (%)Weighted-average term extension
(in months)		Weighted-average payment delay
(in months)
Commercial mortgages, other$——%04

Six Months Ended June 30, 2024
Effect of loan modifications under ASU 2022-02:Principal Reduction (in thousands)Weighted-average interest rate reduction (%)Weighted-average term extension (in months)Weighted-average payment delay
(in months)
Residential mortgages$——%06

Six Months Ended June 30, 2023
Effect of loan modifications under ASU 2022-02:Principal Reduction
(in thousands)		Weighted-average interest rate reduction (%)Weighted-average term extension
(in months)		Weighted-average payment delay
(in months)
Commercial mortgages, other$——%604

The Corporation had no outstanding commitments to lend additional amounts to borrowers for which modifications subject to ASU 2022-02 were made during the three and six month periods ended June 30, 2024 and June 30, 2023.

During the six month period ended June 30, 2024, the Corporation had one loan, a commercial and industrial loan which was given a six month term extension during the three month period ended September 30, 2023, which experienced a payment default within twelve months of modification. There were no loans that defaulted during the three or six month periods ended June 30, 2023 for which modifications were made subsequent to the adoption of ASU 2022-02 on January 1, 2023.

The Corporation monitors the performance of loans that have previously been modified under the guidance of ASU 2022-02 in order to gauge the effectiveness of modifications, and to determine the degree to which borrowers continue to demonstrate financial weakness following modification. The following tables present the performance of such loans that have been modified in the twelve month period preceding June 30, 2024 and the six month period preceding June 30, 2023 (in thousands):

Twelve Months Ended June 30, 2024
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past Due Total
Commercial and industrial$— $— $675 $121 $796 
Residential mortgages— — 440 — 440 
Home equity lines and loans— — — 116 116 
Total$— $— $1,115 $237 $1,352 

During the six months ended June 30, 2024, a commercial mortgage that was granted a payment delay during the three months ended June 30, 2023 executed an early payoff. The amortized basis of the loan prior to the payoff was $1.9 million.
Six Months Ended June 30, 2023 (1)
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past Due Total
Commercial mortgages, other$— $— $— $271 $271 
(1) Represents loans modified during the six month period subsequent to the adoption of ASU 2022-02 on January 1, 2023.


Collateral Dependent Individually Analyzed Loans
As of June 30, 2024, the amortized cost basis of individually analyzed loans totaled $6.0 million, of which $4.2 million were considered collateral dependent. As of December 31, 2023 the amortized cost basis of individually analyzed loans totaled $8.0 million, of which $6.3 million were considered collateral dependent. For collateral dependent loans where the borrower is experiencing financial difficulty and repayment is likely to be substantially provided through the sale or operation of the collateral, the allowance for credit losses is measured based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date.
Certain assets held as collateral may be exposed to future deterioration in fair value, particularly due to changes in real estate markets or usage. The Corporation closely monitors trends in real estate values throughout its market area to determine whether collateral values, after appropriate discounting, are likely to be sufficient to extinguish existing borrower indebtedness.
The following table presents the amortized cost basis and related allowance for credit loss of individually analyzed loans considered to be collateral dependent as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Amortized Cost BasisRelated AllowanceAmortized Cost BasisRelated Allowance
Commercial and industrial (3)
$295 $229 $379 $240 
Commercial mortgages:
Construction (1)
2,258 — 2,209 — 
Commercial mortgages, other (1) (2) (3)
1,689 21 3,759 27 
Total$4,242 $250 $6,347 $267 
(1) Secured by commercial real estate
(2) Secured by residential real estate
(3) Secured by business assets
The following table presents the average amortized cost basis and interest income recognized on loans individually analyzed, by class of loans, for the three and six month periods ended June 30, 2024 and 2023 (in thousands):

 Three Months Ended 
 June 30, 2024		Three Months Ended 
 June 30, 2023		Six Months Ended June 30, 2024Six Months Ended June 30, 2023
With no related allowance recorded:Average Amortized Basis
Interest Income Recognized (1)
Average Amortized Basis
Interest Income Recognized (1)
Average Amortized Basis
Interest Income Recognized (1)
Average Amortized Basis
Interest Income Recognized (1)
Commercial and industrial$126 $(1)$516 $— $109 $4 $686 $— 
Commercial mortgages:
Construction2,233 — — — 2,225 — 2 — 
Commercial mortgages, other1,701 — 3,992 8 2,378 — 4,138 14 
Residential mortgages— — 358 — — — 479 — 
Consumer loans:
Home equity lines & loans— — 178 — — — 165 — 
With an allowance recorded:
Commercial and industrial1,799 3 1,230 2 1,863 6 1,183 4 
Commercial mortgages:
Commercial mortgages, other22 — 34 — 23 — 35 — 
Consumer loans:
Home equity lines & loans— — 78 3 — — 63 3 
Total$5,881 $2 $6,386 $13 $6,598 $10 $6,751 $21 
(1) Cash basis interest income approximates interest income recognized.
The following table presents the amortized cost basis in nonaccrual loans without an associated allocation in the allowance for credit losses, total nonaccrual loans, and loans past due greater than 90 days and still accruing, by class of loan as of June 30, 2024 and December 31, 2023 (in thousands):

Nonaccrual with No Allowance for Credit LossesNonaccrualLoans Past Due 90 Days or More and Still Accruing
June 30, 2024December 31, 2023June 30, 2024December 31, 2023June 30, 2024December 31, 2023
Commercial and industrial$255 $76 $2,007 $1,930 $13 $10 
Commercial mortgages:
Construction2,258 2,209 2,258 2,209 — — 
Commercial mortgages, other1,668 3,732 1,689 3,760 — — 
Residential mortgages1,438 1,315 1,438 1,315 — — 
Consumer loans:
Home equity lines and loans320 508 320 508 — — 
Indirect consumer loans483 687 483 687 — — 
Direct consumer loans— 2 — 2 — — 
Total$6,422 $8,529 $8,195 $10,411 $13 $10 

The following tables present the aging of the amortized cost basis of loans as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024
 30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$138 $271 $886 $1,295 $289,251 $290,546 
Commercial mortgages: 
Construction— — 2,258 2,258 144,111 146,369 
Commercial mortgages, other1,062 94 150 1,306 1,007,037 1,008,343 
Residential mortgages3,203 422 897 4,522 267,098 271,620 
Consumer loans: 
Home equity lines and loans298 66 210 574 86,654 87,228 
Indirect consumer loans2,034 202 233 2,469 195,938 198,407 
Direct consumer loans36 5 — 41 8,918 8,959 
Total$6,771 $1,060 $4,634 $12,465 $1,999,007 $2,011,472 

December 31, 2023
 30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$1,196 $31 $10 $1,237 $263,159 $264,396 
Commercial mortgages: 
Construction2,164 — 2,207 4,371 134,516 138,887 
Commercial mortgages, other1,022 103 261 1,386 982,652 984,038 
Residential mortgages2,244 201 585 3,030 274,962 277,992 
Consumer loans: 
Home equity lines and loans461 87 366 914 86,142 87,056 
Indirect consumer loans2,473 501 426 3,400 207,023 210,423 
Direct consumer loans2 20 — 22 9,850 9,872 
Total$9,562 $943 $3,855 $14,360 $1,958,304 $1,972,664 
Credit Quality Indicators

The Corporation establishes a risk rating at origination for all commercial loans. The primary factors considered in assigning risk ratings include, but are not limited to: historic and future debt service coverage, collateral position, operating performance, liquidity, leverage, payment history, management ability, and the customer’s industry. Commercial relationship managers monitor all loans in their respective portfolios for any changes in the borrower’s ability to service its debt and affirm the risk ratings for the loans at least annually.

For retail loans, which include residential mortgages, indirect and direct consumer loans, and home equity lines and loans, once a loan is properly approved and closed, the Corporation evaluates credit quality based upon loan repayment. Retail loans that have been modified subject to ASU 2022-02, but are otherwise performing, are assigned a risk rating of Special Mention, as defined below. Retail loans are not rated until they become 90 days past due, or are modified under ASU 2022-02.

The Corporation uses the risk rating system to identify criticized and classified loans. Commercial relationships within the criticized and classified risk ratings are analyzed quarterly.  The Corporation uses the following definitions for criticized and classified loans (which are consistent with regulatory guidelines):

Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the institution’s credit position at some future date.

Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capability of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Commercial loans not meeting the criteria above to be considered criticized or classified, are considered to be pass rated loans. Loans listed as not rated, are included in groups of homogeneous loans performing under terms of the loan notes.
Based on the analyses performed as of June 30, 2024, the risk category of the amortized cost basis of loans by class and vintage, as well as gross charge-offs by class and vintage for the period, were as follows (in thousands):

Term Loans Amortized Cost by Origination YearRevolving Loans Amortized CostRevolving Loans Converted to TermTotal
20242023202220212020Prior
Commercial & industrial
Pass$20,765 $36,797 $32,313 $20,601 $10,682 $37,849 $100,151 $1,528 $260,686 
Special mention50 282 9,609 — 4,557 4,339 7,807 24 26,668 
Substandard — 88 387 780 56 229 553 337 2,430 
Doubtful24 — — — — 738 — — 762 
Total20,839 37,167 42,309 21,381 15,295 43,155 108,511 1,889 290,546 
Gross charge-offs — — — — — — — — — 
Construction
Pass2,268 52,798 77,318 9,625 — 1,619 483 — 144,111 
Special mention— — — — — — — — — 
Substandard— — — — — 2,258 — — 2,258 
Doubtful— — — — — — — — — 
Total2,268 52,798 77,318 9,625 — 3,877 483 — 146,369 
Gross charge-offs— — — — — — — — — 
Commercial mortgages
Pass 38,891 123,128 245,207 167,080 107,067 290,391 5,477 727 977,968 
Special mention— — 2,512 8,106 2,572 7,956 2,000 — 23,146 
Substandard— 2,408 1,055 333 1,007 2,308 97 — 7,208 
Doubtful— — — — — 21 — — 21 
Total38,891 125,536 248,774 175,519 110,646 300,676 7,574 727 1,008,343 
Gross charge-offs— — — — — — — — — 
Residential mortgages
Not rated5,987 19,926 55,840 57,413 68,695 62,190 — — 270,051 
Substandard — — — 778 240 551 — — 1,569 
Total 5,987 19,926 55,840 58,191 68,935 62,741 — — 271,620 
Gross charge-offs— — — — — 19 — — 19 
Home equity lines and loans
Not rated6,505 12,049 15,065 5,310 2,841 11,697 32,182 1,143 86,792 
Special mention— — 116 — — — — — 116 
Substandard — 25 — — — 286 — 9 320 
Total6,505 12,074 15,181 5,310 2,841 11,983 32,182 1,152 87,228 
Gross charge-offs— — 1 — — 11 — — 12 
Indirect consumer
Not rated24,245 62,465 82,562 17,811 6,387 4,454 — — 197,924 
Substandard — 113 150 90 63 67 — — 483 
Total24,245 62,578 82,712 17,901 6,450 4,521 — — 198,407 
Gross charge-offs— 220 277 134 66 85 — — 782 
Direct consumer
Not rated1,293 2,280 2,070 475 121 272 2,432 5 8,948 
Substandard— — — — 1 — 10 — 11 
Total 1,293 2,280 2,070 475 122 272 2,442 5 8,959 
Gross charge-offs— — — — — — 3 — 3 
Total loans $100,028 $312,359 $524,204 $288,402 $204,289 $427,225 $151,192 $3,773 $2,011,472 
Total gross charge-offs$— $220 $278 $134 $66 $115 $3 $— $816 
Based on the analyses performed as of December 31, 2023, the risk category of the amortized cost basis of loans by class and vintage, as well as gross charge-offs by class and vintage for the period, were as follows (in thousands):
Term Loans Amortized Cost by Origination YearRevolving Loans Amortized CostRevolving Loans Converted to TermTotal
20232022202120202019Prior
Commercial & industrial
Pass$41,925 $40,579 $21,892 $13,541 $31,233 $10,523 $77,241 $1,662 $238,596 
Special mention185 4,608 — 4,020 — 4,690 9,137 482 23,122 
Substandard — 24 991 109 23 456 — 161 1,764 
Doubtful— — — — — 790 75 49 914 
Total42,110 45,211 22,883 17,670 31,256 16,459 86,453 2,354 264,396 
Gross charge-offs — — — — 9 272 — — 281 
Construction
Pass46,951 68,483 19,066 — 28 1,669 481 — 136,678 
Special mention— — — — — — — — — 
Substandard— — — — 2,207 2 — — 2,209 
Doubtful— — — — — — — — — 
Total46,951 68,483 19,066 — 2,235 1,671 481 — 138,887 
Gross charge-offs— — — — — — — — — 
Commercial mortgages
Pass 110,864 260,763 161,858 113,198 57,782 244,211 5,197 767 954,640 
Special mention— 2,533 8,189 2,609 — 8,642 — — 21,973 
Substandard272 1,107 345 1,022 — 4,555 97 — 7,398 
Doubtful— — — — — 27 — — 27 
Total111,136 264,403 170,392 116,829 57,782 257,435 5,294 767 984,038 
Gross charge-offs— — — — — — — — — 
Residential mortgages
Not rated18,653 58,098 60,024 71,369 15,948 52,585 — — 276,677 
Substandard — 75 346 — 169 725 — — 1,315 
Total 18,653 58,173 60,370 71,369 16,117 53,310 — — 277,992 
Gross charge-offs— 32 — — — — — — 32 
Home equity lines and loans
Not rated13,552 16,384 5,821 3,134 2,867 10,400 33,275 1,115 86,548 
Substandard — 77 — — — 293 25 113 508 
Total13,552 16,461 5,821 3,134 2,867 10,693 33,300 1,228 87,056 
Gross charge-offs— — — — — — 6 — 6 
Indirect consumer
Not rated72,264 98,008 23,015 9,192 3,870 3,387 — — 209,736 
Substandard 119 246 135 48 36 103 — — 687 
Total72,383 98,254 23,150 9,240 3,906 3,490 — — 210,423 
Gross charge-offs184 375 215 121 21 55 — — 971 
Direct consumer
Not rated3,005 2,745 785 256 53 324 2,697 5 9,870 
Substandard— — — 2 — — — — 2 
Total 3,005 2,745 785 258 53 324 2,697 5 9,872 
Gross charge-offs4 15 8 6 — 54 6 — 93 
Total loans $307,790 $553,730 $302,467 $218,500 $114,216 $343,382 $128,225 $4,354 $1,972,664 
Total gross charge-offs$188 $422 $223 $127 $30 $381 $12 $— $1,383