XML 24 R12.htm IDEA: XBRL DOCUMENT v3.24.3
LOANS AND ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Sep. 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):
September 30, 2024December 31, 2023
Commercial and industrial$289,266 $264,396 
Commercial mortgages:
Construction138,710 138,887 
Commercial mortgages, other1,036,229 984,038 
Residential mortgages274,099 277,992 
Consumer loans:
Home equity lines and loans92,449 87,056 
Indirect consumer loans189,504 210,423 
Direct consumer loans8,697 9,872 
Total loans, net of deferred loan fees and costs2,028,954 1,972,664 
Allowance for credit losses(21,441)(22,517)
Loans, net$2,007,513 $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 $7.8 million as of September 30, 2024 and 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 September 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 September 30, 2024 and 2023 (in thousands):
Three Months Ended September 30, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, July 1, 2024$4,894 $10,530 $2,106 $3,501 $21,031 
Charge-offs(18)— (1)(286)(305)
Recoveries68 1 8 150 227 
Net recoveries (charge-offs)50 1 7 (136)(78)
Provision (1)
(48)231 105 200 488 
Ending balance, September 30, 2024
$4,896 $10,762 $2,218 $3,565 $21,441 
(1)Additional provision related to off-balance sheet exposure was $76 thousand for the three months ended September 30, 2024.
Three Months Ended September 30, 2023
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, July 1, 2023$4,121 $10,994 $1,905 $3,152 $20,172 
Charge-offs(81)— — (350)(431)
Recoveries4 1 — 70 75 
Net recoveries (charge-offs)(77)1 — (280)(356)
Provision (1)
102 30 (37)341 436 
Ending balance, September 30, 2023
$4,146 $11,025 $1,868 $3,213 $20,252 
(1)Additional provision related to off-balance sheet exposure was $13 thousand for the three months ended September 30, 2023.
The following tables present the activity in the allowance for credit losses by portfolio segment for the nine month periods ended September 30, 2024 and 2023 (in thousands):
Nine Months Ended September 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(18)— (21)(1,083)(1,122)
Recoveries118 3 57 378 556 
Net recoveries (charge-offs)100 3 36 (705)(566)
Provision (credit) (1)
(259)(1,267)(12)1,028 (510)
Ending balance, September 30, 2024
$4,896 $10,762 $2,218 $3,565 $21,441 
(1)Additional provision related to off-balance sheet exposure was a $87 thousand credit for the nine months ended September 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.

Nine Months Ended September 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(281)— — (785)(1,066)
Recoveries13 1 — 281 295 
Net recoveries (charge-offs)(268)1 — (504)(771)
Provision (1)
132 143 39 676 990 
Ending balance, September 30, 2023
$4,146 $11,025 $1,868 $3,213 $20,252 
(1)Additional provision related to off-balance sheet exposure was a $28 thousand credit for the nine months ended September 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 nine month periods ended September 30, 2024 and 2023 (in thousands):
For the Three Months Ended
Allowance for credit losses on unfunded commitments September 30, 2024September 30, 2023
Beginning balance $756 $1,041 
Provision for credit losses on unfunded commitments 76 13 
Ending balance $832 $1,054 
For the Nine Months Ended
Allowance for credit losses on unfunded commitments September 30, 2024September 30, 2023
Beginning balance $919 $— 
Impact of ASC 326 adoption— 1,082 
Provision (credit) for credit losses on unfunded commitments (87)(28)
Ending balance $832 $1,054 

The following tables present the provision for credit losses on loans and unfunded commitments for the three and nine month periods ended September 30, 2024 and 2023 (in thousands):
For the Three Months Ended
Provision for credit lossesSeptember 30, 2024September 30, 2023
Provision for credit losses on loans $488 $436 
Provision for credit losses on unfunded commitments 76 13 
Total provision for credit losses$564 $449 
For the Nine Months Ended
Provision (credit) for credit lossesSeptember 30, 2024September 30, 2023
Provision (credit) for credit losses on loans $(510)$990 
Provision (credit) for credit losses on unfunded commitments (87)(28)
Total provision (credit) for credit losses$(597)$962 

The following tables present the balance in the allowance for credit losses by portfolio segment, as of September 30, 2024 and December 31, 2023 (in thousands):
 September 30, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Ending allowance balance attributable to loans:
Individually analyzed$1,786 $47 $— $— $1,833 
Collectively analyzed3,110 10,715 2,218 3,565 19,608 
   Total ending allowance balance$4,896 $10,762 $2,218 $3,565 $21,441 

 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 September 30, 2024 and December 31, 2023 (in thousands):
 September 30, 2024
Amortized cost basis of loans:Commercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Individually analyzed $1,848 $6,325 $— $— $8,173 
Collectively analyzed287,418 1,168,614 274,099 290,650 2,020,781 
   Total ending loans balance$289,266 $1,174,939 $274,099 $290,650 $2,028,954 

 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 nine month periods ended September 30, 2024 and 2023 (in thousands):

There were no loan modifications made to borrowers experiencing financial difficulty in the three month period ended September 30, 2024.
Three Months Ended September 30, 2023
Loans modified under ASU 2022-02:Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial mortgages, other$— $— $875 $— $— $875 0.09 %
Home equity lines and loans— — 117 — — 117 0.13 %
Total$— $— $992 $— $— $992 
(1) Represents amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.

Nine Months Ended September 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.

Nine Months Ended September 30, 2023
Loans modified under ASU 2022-02:Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial mortgages, other$— $— $1,150 $1,920 $— $3,070 0.32 %
Home equity lines and loans— — 117 — — 117 0.13 %
Total$— $— $1,267 $1,920 $— $3,187 
(1) Represents amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.
The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the nine month period ended September 30, 2024 and three and nine month periods ended September 30, 2023 (in thousands):
Three Months Ended September 30, 2023
Effect of loan modifications under ASU 2022-02:Principal Reduction
(in thousands)		Weighted-average interest rate reduction (%)Weighted-average term extension
(in months)		Weighted-average payment delay
(in months)
Commercial mortgages, other$——%60
Home equity lines and loans$——%1800

Nine Months Ended September 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

Nine Months Ended September 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$——%194
Home equity lines and loans$——%1800

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 nine month periods ended September 30, 2024 and September 30, 2023.

There were no loans that experienced a payment default within twelve months of modification during the three month period ended September 30, 2024. During the nine month period ended September 30, 2024, the Corporation had one loan, a commercial and industrial loan which was given a six month term extension which experienced a payment default within twelve months of modification. There were no loans that defaulted during the three or nine month periods ended September 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 September 30, 2024 and the nine month period preceding September 30, 2023 (in thousands):
Twelve Months Ended September 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$— $— $— $121 $121 
Residential mortgages— — 440 — 440 
Total$— $— $440 $121 $561 

During the three month period ended September 30, 2024 a commercial mortgage which was granted a term extension during the three months ended March 31, 2023 executed an early payoff. The amortized basis of the loan prior to the payoff was $0.3 million. Additionally, during the nine month period ended September 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 $1.9 million.
Nine Months Ended September 30, 2023 (1)
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past Due Total
Commercial and industrial$— $— $— $875 $875 
Commercial mortgages, other— — — 2,167 2,167 
Home equity lines and loans— — — 117 117 
Total$— $— $— $3,159 $3,159 
(1) Represents loans modified during the nine month period subsequent to the adoption of ASU 2022-02 on January 1, 2023.

Collateral Dependent Individually Analyzed Loans
As of September 30, 2024, the amortized cost basis of individually analyzed loans totaled $8.2 million, of which $6.6 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 September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024December 31, 2023
Amortized Cost BasisRelated AllowanceAmortized Cost BasisRelated Allowance
Commercial and industrial (3)
$244 $183 $379 $240 
Commercial mortgages:
Construction (1)
1,432 — 2,209 — 
Commercial mortgages, other (1) (2) (3)
4,893 47 3,759 27 
Total$6,569 $230 $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 nine month periods ended September 30, 2024 and 2023 (in thousands):

 Three Months Ended 
 September 30, 2024		Three Months Ended 
 September 30, 2023		Nine Months Ended September 30, 2024Nine Months Ended September 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$139 $— $163 $— $119 $4 $520 $— 
Commercial mortgages:
Construction1,845 — — — 2,098 — 2 — 
Commercial mortgages, other2,796 — 3,863 3 2,517 — 4,052 12 
Residential mortgages— — — — — — 359 — 
Consumer loans:
Home equity lines & loans— — 51 — — — 123 — 
With an allowance recorded:
Commercial and industrial1,836 3 1,282 4 1,854 8 1,175 13 
Commercial mortgages:
Commercial mortgages, other495 — 31 — 181 — 34 — 
Consumer loans:
Home equity lines & loans— — 78 — — — 42 — 
Total$7,111 $3 $5,468 $7 $6,769 $12 $6,307 $25 
(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 September 30, 2024 and December 31, 2023 (in thousands):

Nonaccrual with No Allowance for Credit LossesNonaccrualLoans Past Due 90 Days or More and Still Accruing
September 30, 2024December 31, 2023September 30, 2024December 31, 2023September 30, 2024December 31, 2023
Commercial and industrial$72 $76 $1,757 $1,930 $— $10 
Commercial mortgages:
Construction1,432 2,209 1,432 2,209 — — 
Commercial mortgages, other3,925 3,732 4,893 3,760 — — 
Residential mortgages1,387 1,315 1,387 1,315 — — 
Consumer loans:
Home equity lines and loans517 508 517 508 — — 
Indirect consumer loans559 687 559 687 — — 
Direct consumer loans— 2 — 2 — — 
Total$7,892 $8,529 $10,545 $10,411 $— $10 
The following tables present the aging of the amortized cost basis of loans as of September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024
 30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$144 $232 $873 $1,249 $288,017 $289,266 
Commercial mortgages: 
Construction— — 1,432 1,432 137,278 138,710 
Commercial mortgages, other— 1,014 2,136 3,150 1,033,079 1,036,229 
Residential mortgages2,293 341 774 3,408 270,691 274,099 
Consumer loans: 
Home equity lines and loans437 192 223 852 91,597 92,449 
Indirect consumer loans1,806 439 330 2,575 186,929 189,504 
Direct consumer loans12 13 — 25 8,672 8,697 
Total$4,692 $2,231 $5,768 $12,691 $2,016,263 $2,028,954 

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 September 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$26,506 $34,806 $34,631 $19,514 $9,487 $36,500 $101,260 $1,344 $264,048 
Special mention94 272 5,947 — 4,505 4,089 7,292 20 22,219 
Substandard — 84 207 737 57 — 465 715 2,265 
Doubtful22 — — — — 712 — — 734 
Total26,622 35,162 40,785 20,251 14,049 41,301 109,017 2,079 289,266 
Gross charge-offs — — — 6 — — 12 — 18 
Construction
Pass8,970 54,534 62,146 9,565 — 1,580 483 — 137,278 
Special mention— — — — — — — — — 
Substandard— — — — — 1,432 — — 1,432 
Doubtful— — — — — — — — — 
Total8,970 54,534 62,146 9,565 — 3,012 483 — 138,710 
Gross charge-offs— — — — — — — — — 
Commercial mortgages
Pass 65,328 126,368 261,667 165,105 105,890 273,587 6,141 711 1,004,797 
Special mention— — 2,497 8,005 2,546 9,783 2,000 — 24,831 
Substandard— 2,136 1,028 327 1,014 2,078 — — 6,583 
Doubtful— — — — — 18 — — 18 
Total65,328 128,504 265,192 173,437 109,450 285,466 8,141 711 1,036,229 
Gross charge-offs— — — — — — — — — 
Residential mortgages
Not rated14,088 20,166 55,745 56,397 66,740 59,447 — — 272,583 
Substandard — — — 774 232 510 — — 1,516 
Total 14,088 20,166 55,745 57,171 66,972 59,957 — — 274,099 
Gross charge-offs— — — — — 21 — — 21 
Home equity lines and loans
Not rated10,703 11,234 14,490 5,002 2,707 10,951 35,546 1,183 91,816 
Special mention— — 116 — — — — — 116 
Substandard — 25 65 — — 204 — 223 517 
Total10,703 11,259 14,671 5,002 2,707 11,155 35,546 1,406 92,449 
Gross charge-offs— — 1 — — 11 1 — 13 
Indirect consumer
Not rated32,903 57,540 74,567 15,404 5,213 3,422 — — 189,049 
Substandard — 152 178 52 22 51 — — 455 
Total32,903 57,692 74,745 15,456 5,235 3,473 — — 189,504 
Gross charge-offs— 308 383 145 82 106 — — 1,024 
Direct consumer
Not rated1,871 1,960 1,741 362 65 249 2,432 6 8,686 
Substandard— — — — 1 — 10 — 11 
Total 1,871 1,960 1,741 362 66 249 2,442 6 8,697 
Gross charge-offs— 9 14 14 — 1 8 — 46 
Total loans $160,485 $309,277 $515,025 $281,244 $198,479 $404,613 $155,629 $4,202 $2,028,954 
Total gross charge-offs$— $317 $398 $165 $82 $139 $21 $— $1,122 
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