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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

Loans and Allowance for Loan Losses

Schedule of loan balances


		March 31, 2021									December 31, 2020
(In thousands)		Originated			Acquired			Total			Originated			Acquired			Total
Commercial real estate		$	758,069		$	25,714		$	783,783		$	761,876		$	28,149		$	790,025
Commercial and industrial			272,443			4,178			276,621			271,039			4,295			275,334
Commercial construction			217,819			1,368			219,187			220,845			1,474			222,319
Consumer real estate			128,447			30,770			159,217			133,940			33,932			167,872
Consumer nonresidential			13,566			28			13,594			15,802			33			15,835
		$	1,390,344		$	62,058		$	1,452,402		$	1,403,502		$	67,883		$	1,471,385
Less:
Allowance for loan losses			14,336			85			14,421			14,333			625			14,958
Unearned income and (unamortized premiums), net			5,490			—			5,490			5,302			—			5,302
Loans, net		$	1,370,518		$	61,973		$	1,432,491		$	1,383,867		$	67,258		$	1,451,125

Schedule of acquired loans


(In thousands)		March 31, 2021
Purchased credit impaired acquired loans evaluated individually for credit losses
Outstanding principal balance		$	3,828
Carrying amount			2,955
Other acquired loans
Outstanding principal balance			59,819
Carrying amount			59,103
Total acquired loans
Outstanding principal balance			63,647
Carrying amount			62,058


(In thousands)		December 31, 2020
Purchased credit impaired acquired loans evaluated individually for credit losses
Outstanding principal balance		$	4,010
Carrying amount			3,064
Other acquired loans
Outstanding principal balance			65,656
Carrying amount			64,819
Total acquired loans
Outstanding principal balance			69,666
Carrying amount			67,883

Schedule of accretable yield on purchased credit impaired loans


(In thousands)
Balance at January 1, 2021		$	216
Accretion			(40)
Reclassification of nonaccretable difference due to improvement in expected cash flows			23
Other changes, net			17
Balance at March 31, 2021		$	216
(In thousands)
Balance at January 1, 2020		$	371
Accretion			(878)
Reclassification of nonaccretable difference due to improvement in expected cash flows			691
Other changes, net			32
Balance at December 31, 2020		$	216

Schedule of allowance for loan losses

Allowance for Loan Losses

For the three months ended March 31, 2021

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Allowance for credit losses:
Beginning Balance, January 1		$	9,291		$	2,546		$	1,960		$	690		$	471		$	14,958
Charge-offs			(451)			(117)			—			—			(63)			(631)
Recoveries			24			—			—			3			67			94
Provision			214			(116)			23			(41)			(80)			—
Ending Balance		$	9,078		$	2,313		$	1,983		$	652		$	395		$	14,421

Allowance for Loan Losses

For the three months ended March 31, 2020

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Allowance for credit losses:
Beginning Balance, January 1		$	6,399		$	1,275		$	2,067		$	417		$	73		$	10,231
Charge-offs			—			—			—			(3)			(90)			(93)
Recoveries			—			19			—			1			2			22
Provision			1,208			(124)			(163)			72			73			1,066
Ending Balance		$	7,607		$	1,170		$	1,904		$	487		$	58		$	11,226

Allowance for Loan Losses

For the year ended December 31, 2020

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Allowance for credit losses:
Beginning Balance		$	6,399		$	1,275		$	2,067		$	417		$	73		$	10,231
Charge-offs			(115)			—			—			(41)			(254)			(410)
Recoveries			9			62			—			2			48			121
Provision			2,998			1,209			(107)			312			604			5,016
Ending Balance		$	9,291		$	2,546		$	1,960		$	690		$	471		$	14,958

Schedule of recorded investment in loans and impairment by portfolio segment

Allowance for Loan Losses

At March 31, 2021

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Allowance for credit losses:
Ending Balance:
Individually evaluated for impairment		$	85		$	1,263		$	—		$	23		$	—		$	1,371
Purchased credit impaired			—			—			—			—			—			—
Collectively evaluated for impairment			8,993			1,050			1,983			629			395			13,050
		$	9,078		$	2,313		$	1,983		$	652		$	395		$	14,421

Loans Receivable

At March 31, 2021

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Financing receivables:
Ending Balance
Individually evaluated for impairment		$	11,976		$	6,466		$	—		$	469		$	—		$	18,911
Purchased credit impaired			2,896			—			—			59			—			2,955
Collectively evaluated for impairment			768,911			270,155			219,187			158,689			13,594			1,430,536
		$	783,783		$	276,621		$	219,187		$	159,217		$	13,594		$	1,452,402

Allowance for Loan Losses

At March 31, 2020

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Allowance for credit losses:
Ending Balance:
Individually evaluated for impairment		$	—		$	298		$	—		$	89		$	—		$	387
Purchased credit impaired			—			—			—			—			—			—
Collectively evaluated for impairment			7,607			872			1,904			398			58			10,839
		$	7,607		$	1,170		$	1,904		$	487		$	58		$	11,226

Loans Receivable

At March 31, 2020

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Financing receivables:
Ending Balance
Individually evaluated for impairment		$	1,528		$	4,502			820		$	449		$	—		$	7,299
Purchased credit impaired			3,182			372			—			249			—			3,803
Collectively evaluated for impairment			758,788			101,668			220,973			181,721			10,297			1,273,447
		$	763,498		$	106,542		$	221,793		$	182,419		$	10,297		$	1,284,549

Allowance for Loan Losses

At December 31, 2020

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Allowance for credit losses:
Ending Balance:
Individually evaluated for impairment			625		$	1,450		$	—		$	25		$	—		$	2,100
Purchased credit impaired			—			—			—			—			—			—
Collectively evaluated for impairment			8,666			1,096			1,960			665			471			12,858
		$	9,291		$	2,546		$	1,960		$	690		$	471		$	14,958

Loans Receivable

At December 31, 2020

(In thousands)


		Commercial			Commercial and			Commercial			Consumer			Consumer
		Real Estate			Industrial			Construction			Real Estate			Nonresidential			Total
Financing receivables:
Ending Balance
Individually evaluated for impairment		$	13,379		$	7,086		$	—		$	254		$	—		$	20,719
Purchased credit impaired			3,007			—			—			57			—			3,064
Collectively evaluated for impairment			773,639			268,248			222,319			167,561			15,835			1,447,602
		$	790,025		$	275,334		$	222,319		$	167,872		$	15,835		$	1,471,385

Schedule of Impaired loans

Impaired Loans – Originated Loan Portfolio


					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(In thousands)		Investment			Balance			Allowance			Investment			Recognized
March 31, 2021
With an allowance recorded:
Commercial real estate		$	—		$	—		$	—		$	—		$	—
Commercial and industrial			4,913			4,913			1,263			4,973			81
Commercial construction			—			—			—			—			—
Consumer real estate			96			96			23			97			1
Consumer nonresidential			—			—			—			—			—
		$	5,009		$	5,009		$	1,286		$	5,070		$	82
March 31, 2021
With no related allowance:
Commercial real estate		$	9,924		$	9,928		$	—		$	9,929		$	121
Commercial and industrial			1,553			1,554			—			1,379			169
Commercial construction			—			—			—			—			—
Consumer real estate			250			250			—			250			7
Consumer nonresidential			—			—			—			—			—
		$	11,727		$	11,732		$	—		$	11,558		$	297

Impaired Loans – Acquired Loan Portfolio


					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(In thousands)		Investment			Balance			Allowance			Investment			Recognized
March 31, 2021
With an allowance recorded:
Commercial real estate		$	2,052		$	2,969		$	85		$	2,969		$	45
Commercial and industrial			—			—			—			—			—
Commercial construction			—			—			—			—			—
Consumer real estate			—			—			—			—			—
Consumer nonresidential			—			—			—			—			—
		$	2,052		$	2,969		$	85		$	2,969		$	45
March 31, 2021
With no related allowance:
Commercial real estate		$	—		$	—		$	—		$	—		$	—
Commercial and industrial			—			—			—			—			—
Commercial construction			—			—			—			—			—
Consumer real estate			123			180			—			182			1
Consumer nonresidential			—			—			—			—			—
		$	123		$	180		$	—		$	182		$	1

Impaired Loans – Originated Loan Portfolio


					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(In thousands)		Investment			Balance			Allowance			Investment			Recognized
December 31, 2020
With an allowance recorded:
Commercial real estate		$	—		$	—		$	—		$	—		$	—
Commercial and industrial			5,287			5,287			1,450			5,682			358
Commercial construction			—			—			—			—			—
Consumer real estate			97			97			25			99			6
Consumer nonresidential			—			—			—			—			—
		$	5,384		$	5,384		$	1,475		$	5,781		$	364
December 31, 2020
With no related allowance:
Commercial real estate		$	9,926		$	9,930		$	—		$	9,938		$	133
Commercial and industrial			1,799			1,799			—			2,433			148
Commercial construction			—			—			—			—			—
Consumer real estate			—			—			—			—			—
Consumer nonresidential			—			—			—			—			—
		$	11,725		$	11,729		$	—		$	12,371		$	281

Impaired Loans – Acquired Loan Portfolio


					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(In thousands)		Investment			Balance			Allowance			Investment			Recognized
December 31, 2020
With an allowance recorded:
Commercial real estate		$	3,303		$	4,316		$	625		$	4,811		$	267
Commercial and industrial			—			—			—			—			—
Commercial construction			—			—			—			—			—
Consumer real estate			—			—			—			—			—
Consumer nonresidential			—			—			—			—			—
		$	3,303		$	4,316		$	625		$	4,811		$	267
December 31, 2020
With no related allowance:
Commercial real estate		$	150		$	164		$	—		$	164		$	13
Commercial and industrial			157			215			—			215			12
Commercial construction			—			—			—			—			—
Consumer real estate			—			—			—			—			—
Consumer nonresidential			—			—			—			—			—
		$	307		$	379		$	—		$	379		$	25

Schedule of risk category of loans

As of March 31, 2021 – Originated Loan Portfolio


		Commercial Real			Commercial and			Commercial			Consumer Real			Consumer
(In thousands)		Estate			Industrial			Construction			Estate			Nonresidential			Total
Grade:
Pass		$	745,831		$	264,380		$	217,819		$	128,010		$	13,566		$	1,369,606
Special mention			2,314			1,596			—			91			—			4,001
Substandard			9,924			6,467			—			346			—			16,737
Doubtful			—			—			—			—			—			—
Loss			—			—			—			—			—			—
Total		$	758,069		$	272,443		$	217,819		$	128,447		$	13,566		$	1,390,344

As of March 31, 2021 – Acquired Loan Portfolio


		Commercial Real			Commercial and			Commercial			Consumer Real			Consumer
(In thousands)		Estate			Industrial			Construction			Estate			Nonresidential			Total
Grade:
Pass		$	23,662		$	4,178		$	1,368		$	30,711		$	28		$	59,947
Special mention			—			—			—			—			—			—
Substandard			2,052			—			—			59			—			2,111
Doubtful			—			—			—			—			—			—
Loss			—			—			—			—			—			—
Total		$	25,714		$	4,178		$	1,368		$	30,770		$	28		$	62,058

As of December 31, 2020 – Originated Loan Portfolio


		Commercial Real			Commercial and			Commercial			Consumer Real			Consumer
(In thousands)		Estate			Industrial			Construction			Estate			Nonresidential			Total
Grade:
Pass		$	741,570		$	262,355		$	220,845		$	133,750		$	15,802		$	1,374,322
Special mention			10,380			1,598			—			93			—			12,071
Substandard			9,926			7,086			—			97			—			17,109
Doubtful			—			—			—			—			—			—
Loss			—			—			—			—			—			—
Total		$	761,876		$	271,039		$	220,845		$	133,940		$	15,802		$	1,403,502

As of December 31, 2020 – Acquired Loan Portfolio


		Commercial Real			Commercial and			Commercial			Consumer Real			Consumer
(In thousands)		Estate			Industrial			Construction			Estate			Nonresidential			Total
Grade:
Pass		$	24,696		$	4,295		$	1,474		$	33,844		$	33		$	64,342
Special mention			—			—			—			—			—			—
Substandard			3,453			—			—			88			—			3,541
Doubtful			—			—			—			—			—			—
Loss			—			—			—			—			—			—
Total		$	28,149		$	4,295		$	1,474		$	33,932		$	33		$	67,883

Schedule of past due and nonaccrual loans

As of March 31, 2021 – Originated Loan Portfolio


		30-59 days past			60-89 days past			90 days or more												90 days past due
(In thousands)		due			due			past due			Total past due			Current			Total loans			and still accruing			Nonaccruals
Commercial real estate		$	—		$	1,754		$	—		$	1,754		$	756,315		$	758,069		$	—		$	—
Commercial and industrial			—			—			—			—			272,443			272,443			—			2,525
Commercial construction			—			—			—			—			217,819			217,819			—			—
Consumer real estate			3,086			71			74			3,231			125,216			128,447			74			250
Consumer nonresidential			150			7			—			157			13,409			13,566			—			—
Total		$	3,236		$	1,832		$	74		$	5,142		$	1,385,202		$	1,390,344		$	74		$	2,775

As of March 31, 2021 – Acquired Loan Portfolio


		30-59 days past			60-89 days past			90 days or more												90 days past due
(In thousands)		due			due			past due			Total past due			Current			Total loans			and still accruing			Nonaccruals
Commercial real estate		$	—		$	—		$	—		$	—		$	25,714		$	25,714		$	—		$	2,052
Commercial and industrial			—			—			—			—			4,178			4,178			—			—
Commercial construction			—			—			—			—			1,368			1,368			—			—
Consumer real estate			379			—			—			379			30,391			30,770			—			—
Consumer nonresidential			—			—			—			—			28			28			—			122
Total		$	379		$	—		$	—		$	379		$	61,679		$	62,058		$	—		$	2,174

As of December 31, 2020 – Originated Loan Portfolio


		30-59 days past			60-89 days past			90 days or more												90 days past due
(In thousands)		due			due			past due			Total past due			Current			Total loans			and still accruing			Nonaccruals
Commercial real estate		$	—		$	88		$	—		$	88		$	761,788		$	761,876		$	—		$	—
Commercial and industrial			—			—			—		$	—			271,039			271,039			—			2,883
Commercial construction			—			13			—			13			220,832			220,845			—			—
Consumer real estate			347			76			—			423			133,517			133,940			—			—
Consumer nonresidential			—			—			44			44			15,758			15,802			44			—
Total		$	347		$	177		$	44		$	568		$	1,402,934		$	1,403,502		$	44		$	2,883

As of December 31, 2020 – Acquired Loan Portfolio


		30-59 days past			60-89 days past			90 days or more												90 days past due
(In thousands)		due			due			past due			Total past due			Current			Total loans			and still accruing			Nonaccruals
Commercial real estate		$	694		$	—		$	—		$	694		$	27,455		$	28,149		$	—		$	2,309
Commercial and industrial			—			—			—			—			4,295			4,295			—			—
Commercial construction			111			—			—			111			1,363			1,474			—			—
Consumer real estate			353			108			228			689			33,243			33,932			228			157
Consumer nonresidential			—			—			—			—			33			33			—			—
Total		$	1,158		$	108		$	228		$	1,494		$	66,389		$	67,883		$	228		$	2,466

Schedule of TDR's originated


				Pre-Modification			Post-Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
Troubled Debt Restructurings		Contracts		Investment			Investment

		(Dollars in thousands)
Commercial real estate		1		$	96		$	96
Total		1		$	96		$	96