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Restructurings for Borrowers Experiencing Financial Difficulty (Tables)
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Modified amortized cost of loans

The following table presents the amortized cost of loans that were modified during the nine months ended September 30, 2023 by loan portfolio segment:

 

 

September 30, 2023

 

 

 

(in thousands)

 

 

 

Term Extension

 

 

Total

 

 

% of Total Class of Loans

 

Mortgage real estate loans:

 

 

 

 

 

 

 

 

 

Residential First Lien - Owner Occupied

 

$

355

 

 

$

355

 

 

 

0.22

%

Total

 

$

355

 

 

$

355

 

 

 

 

Schedule of Troubled Debt Restructurings on Financing Receivables

During the three and nine months ended September 30, 2022, the Company classified five and 11 loans, respectively as troubled debt restructurings.

 

Three Months Ended

 

 

September 30, 2022

 

 

(in thousands)

 

 

Number of Contracts

 

 

Pre-Modification Outstanding Recorded Investment

 

 

Post-Modification Outstanding Recorded Investment

 

Consumer:

 

 

 

 

 

 

 

 

Installment

 

1

 

 

$

20

 

 

$

21

 

Residential:

 

 

 

 

 

 

 

 

Single Family

 

4

 

 

 

894

 

 

 

894

 

Total

 

5

 

 

$

914

 

 

$

915

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2022

 

 

(in thousands)

 

 

Number of
Contracts

 

 

Pre-Modification Outstanding
Recorded Investment

 

 

Post-Modification Outstanding
Recorded Investment

 

Commercial Real Estate:

 

 

 

 

 

 

 

 

Owner Occupied

 

1

 

 

$

185

 

 

$

185

 

Non-Owner Occupied

 

1

 

 

 

161

 

 

 

161

 

Construction and Farmland:

 

 

 

 

 

 

 

 

Commercial

 

1

 

 

 

639

 

 

 

639

 

Consumer:

 

 

 

 

 

 

 

 

Installment

 

1

 

 

 

20

 

 

 

21

 

Residential:

 

 

 

 

 

 

 

 

Single family

 

7

 

 

 

1,433

 

 

 

1,451

 

Total

 

11

 

 

$

2,438

 

 

$

2,457