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Allowance for Loan Losses (the Allowance) (Tables)

9 Months Ended

Sep. 30, 2021

Allowance for Loan Losses (the Allowance)

Roll-forward of allowance for loan and lease losses by portfolio segment

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Balance,		​	​	​	​	​	​	​	Balance,
(dollars in thousands)		June 30, 2021			Charge-offs		Recoveries		Provision		September 30, 2021
Commercial mortgage	​	$	7,146	​	—	​	—	​	(604)	​	6,542
Home equity lines and loans	​	​	281	​	—	​	1	​	(9)	​	273
Residential mortgage	​	​	324	​	—	​	1	​	(49)	​	276
Construction	​	​	2,241	​	—	​	—	​	44	​	2,285
Commercial and industrial	​	​	5,360	​	—	​	15	​	239	​	5,614
Small business loans	​	​	2,235	​	—	​	—	​	864	​	3,099
Consumer	​	​	4	​	—	​	1	​	(2)	​	3
Leases	​	​	770	​	—	​	—	​	114	​	884
Total	​	$	18,361	​	—	​	18	​	597	​	18,976

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Balance,		​	​	​	​	​	​	​	Balance,
(dollars in thousands)		December 31, 2020			Charge-offs		Recoveries		Provision		September 30, 2021
Commercial mortgage	​	$	7,451	​	—	​	—	​	(909)	​	6,542
Home equity lines and loans	​	​	434	​	—	​	5	​	(166)	​	273
Residential mortgage	​	​	385	​	—	​	5	​	(114)	​	276
Construction	​	​	2,421	​	—	​	—	​	(136)	​	2,285
Commercial and industrial	​	​	5,431	​	—	​	33	​	150	​	5,614
Small business loans	​	​	1,259	​	—	​	—	​	1,840	​	3,099
Consumer	​	​	4	​	—	​	3	​	(4)	​	3
Leases	​	​	382	​	(129)	​	—	​	631	​	884
Total	​	$	17,767	​	(129)	​	46	​	1,292	​	18,976

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Balance,		​	​	​	​	​	​	​	Balance,
(dollars in thousands)		June 30, 2020			Charge-offs		Recoveries		Provision		September 30, 2020
Commercial mortgage	​	$	5,277	​	—	​	—	​	1,658	​	6,935
Home equity lines and loans	​	​	672	​	(75)	​	2	​	(82)	​	517
Residential mortgage	​	​	346	​	—	​	1	​	(13)	​	334
Construction	​	​	2,019	​	—	​	—	​	463	​	2,482
Commercial and industrial	​	​	3,606	​	(22)	​	4	​	1,450	​	5,038
Small business loans	​	​	747	​	—	​	—	​	360	​	1,107
Consumer	​	​	4	​	—	​	1	​	(1)	​	4
Leases	​	​	35	​	—	​	—	​	121	​	156
Total	​	$	12,706	​	(97)	​	8	​	3,956	​	16,573

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Balance,		​	​	​	​	​	​	​	Balance,
(dollars in thousands)		December 31, 2019			Charge-offs		Recoveries		Provision		September 30, 2020
Commercial mortgage	​	$	3,426	​	—	​	—	​	3,509	​	6,935
Home equity lines and loans	​	​	342	​	(89)	​	6	​	258	​	517
Residential mortgage	​	​	179	​	—	​	5	​	150	​	334
Construction	​	​	2,362	​	—	​	—	​	120	​	2,482
Commercial and industrial	​	​	2,684	​	(31)	​	37	​	2,348	​	5,038
Small business loans	​	​	509	​	—	​	—	​	598	​	1,107
Consumer	​	​	6	​	(10)	​	3	​	5	​	4
Leases	​	​	5	​	—	​	—	​	151	​	156
Total	​	$	9,513	​	(130)	​	51	​	7,139	​	16,573

​

Schedule of allocation of the allowance for loan and lease losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance on loans and leases

​

Carrying value of loans and leases

​

​

​

Individually

​

Collectively

​

​

​

Individually

​

Collectively

​

​

​

September 30, 2021

​

evaluated

​

evaluated

​

​

​

evaluated

​

evaluated

​

​

​

(dollars in thousands)

for impairment

for impairment

Total

for impairment

for impairment

Total

​

Commercial mortgage

​

$

—

​

6,542

​

6,542

​

$

2,568

​

539,905

​

542,473

​

Home equity lines and loans

​

​

2

​

271

​

273

​

​

910

​

51,909

​

52,819

​

Residential mortgage

​

​

12

​

264

​

276

​

​

1,802

​

40,351

​

42,153

​

Construction

​

​

—

​

2,285

​

2,285

​

​

1,206

​

160,986

​

162,192

​

Commercial and industrial

​

​

1,526

​

4,088

​

5,614

​

​

3,651

​

275,325

​

278,976

​

Small business loans

​

​

376

​

2,723

​

3,099

​

​

1,057

​

89,420

​

90,477

​

Paycheck Protection Program loans

​

​

—

​

—

​

—

​

​

—

​

118,585

​

118,585

(2)

Main Street Lending Program

​

​

—

​

—

​

—

​

​

—

​

592

​

592

(2)

Consumer

​

​

—

​

3

​

3

​

​

—

​

427

​

427

​

Leases, net

​

​

—

​

884

​

884

​

​

—

​

73,993

​

73,993

​

Total

​

$

1,916

​

17,060

​

18,976

​

$

11,194

​

1,351,493

​

1,362,687

(1)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance on loans and leases

​

Carrying value of loans and leases

​

​

​

Individually

​

Collectively

​

​

​

Individually

​

Collectively

​

​

​

December 31, 2020

​

evaluated

​

evaluated

​

​

​

evaluated

​

evaluated

​

​

​

(dollars in thousands)

for impairment

for impairment

Total

for impairment

for impairment

Total

​

Commercial mortgage

​

$

—

​

7,451

​

7,451

​

$

1,606

​

483,497

​

485,103

​

Home equity lines and loans

​

​

9

​

425

​

434

​

​

921

​

64,066

​

64,987

​

Residential mortgage

​

​

73

​

312

​

385

​

​

1,817

​

38,455

​

40,272

​

Construction

​

​

—

​

2,421

​

2,421

​

​

1,206

​

139,040

​

140,246

​

Commercial and industrial

​

​

1,563

​

3,868

​

5,431

​

​

4,645

​

257,105

​

261,750

​

Small business loans

​

​

—

​

1,259

​

1,259

​

​

185

​

49,357

​

49,542

​

Paycheck Protection Program loans

​

​

—

​

—

​

—

​

​

—

​

203,543

​

203,543

(2)

Main Street Lending Program

​

​

—

​

—

​

—

​

​

—

​

580

​

580

(2)

Consumer

​

​

—

​

4

​

4

​

​

—

​

511

​

511

​

Leases, net

​

​

—

​

382

​

382

​

​

—

​

31,040

​

31,040

​

Total

​

$

1,645

​

16,122

​

17,767

​

$

10,380

​

1,267,194

​

1,277,574

(1)

(1) Excludes deferred fees and loans carried at fair value.

(2) PPP and MSLP loans are not reserved against as they are 100% guaranteed.

​

Schedule of carrying value of loans and leases by portfolio segment based on the credit quality indicators

​

​	​	​	​	​	​	​	​	​	​	​	​
September 30, 2021		​	​		Special		​		​		​
(dollars in thousands)	​	Pass		​	mention	​	Substandard	​	Doubtful	​	Total
Commercial mortgage	​	$	505,355	​	31,464	​	5,654	​	—	​	542,473
Home equity lines and loans	​	​	51,427	​	—	​	1,392	​	—	​	52,819
Construction	​	​	153,200	​	8,992	​	—	​	—	​	162,192
Commercial and industrial	​	​	222,041	​	35,756	​	21,179	​	—	​	278,976
Small business loans	​	​	87,161	​	—	​	3,316	​	—	​	90,477
Paycheck Protection Program loans	​	​	118,585	​	—	​	—	​	—	​	118,585
Main Street Lending Program loans	​	​	592	​	—	​	—	​	—	​	592
Total	​	$	1,138,361	​	76,212	​	31,541	​	—	​	1,246,114

​

​	​	​	​	​	​	​	​	​	​	​	​
December 31, 2020		​	​		Special		​		​		​
(dollars in thousands)	​	Pass		​	mention	​	Substandard	​	Doubtful	​	Total
Commercial mortgage	​	$	449,545	​	32,059	​	3,499	​	—	​	485,103
Home equity lines and loans	​	​	63,923	​	—	​	1,064	​	—	​	64,987
Construction	​	​	132,286	​	7,960	​	—	​	—	​	140,246
Commercial and industrial	​	​	227,349	​	21,721	​	9,000	​	3,680	​	261,750
Small business loans	​	​	46,789	​	—	​	2,753	​	—	​	49,542
Paycheck Protection Program loans	​	​	203,543	​	—	​	—	​	—	​	203,543
Main Street Lending Program loans	​	​	580	​	—	​	—	​	—	​	580
Total	​	$	1,124,015	​	61,740	​	16,316	​	3,680	​	1,205,751

​

Schedule of allocations based on the credit quality indicators

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2021

​

December 31, 2020

(dollars in thousands)

Performing

Nonperforming

Total

Performing

Nonperforming

Total

Residential mortgage

​

$

40,351

​

1,802

​

42,153

​

$

38,457

​

1,815

​

40,272

Consumer

​

​

427

​

—

​

427

​

​

511

​

—

​

511

Leases, net

​

​

73,993

​

—

​

73,993

​

​

31,040

​

—

​

31,040

Total

​

$

114,771

​

1,802

​

116,573

​

$

70,008

​

1,815

​

71,823

Schedule of recorded investment and principal balance of impaired loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of September 30, 2021

​

As of December 31, 2020

​

​

Recorded

​

Principal

​

Related

​

Recorded

​

Principal

​

Related

(dollars in thousands)

investment

balance

allowance

investment

balance

allowance

Impaired loans with related allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial and industrial

​

$

3,201

​

3,321

​

1,526

​

3,860

​

3,902

​

1,563

Small business loans

​

​

916

​

916

​

376

​

—

​

—

​

—

Home equity lines and loans

​

​

88

​

102

​

2

​

95

​

105

​

9

Residential mortgage

​

​

169

​

169

​

12

​

689

​

689

​

73

Total

​

$

4,374

​

4,508

​

1,916

​

4,644

​

4,696

​

1,645

Impaired loans without related allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial mortgage

​

$

2,568

​

2,568

​

—

​

1,606

​

1,642

​

—

Commercial and industrial

​

​

450

​

515

​

—

​

785

​

862

​

—

Small business loans

​

​

141

​

141

​

—

​

185

​

185

​

—

Home equity lines and loans

​

​

822

​

836

​

—

​

826

​

839

​

—

Residential mortgage

​

​

1,633

​

1,633

​

—

​

1,128

​

1,128

​

—

Construction

​

​

1,206

​

1,206

​

—

​

1,206

​

1,206

​

—

Total

​

​

6,820

​

6,899

​

—

​

5,736

​

5,862

​

—

Grand Total

​

$

11,194

​

11,407

​

1,916

​

10,380

​

10,558

​

1,645

Schedule of average recorded investment on impaired loans

​

​	​	​	​	​	​	​	​	​	​
​	​	​	Three Months Ended			​	Three Months Ended
​	​	​	September 30, 2021			​	September 30, 2020
​	​	​	Average	​	Interest	​	Average	​	Interest
​	​	​	recorded	​	Income	​	recorded	​	Income
(dollars in thousands)		​	investment	​	Recognized	​	investment	​	Recognized
Impaired loans with related allowance:	​	​	​	​	​	​	​	​	​
Commercial and industrial	​	$	3,242	​	5	​	3,907	​	26
Small business loans	​	​	916	​	—	​	—	​	—
Home equity lines and loans	​	​	89	​	—	​	100	​	—
Residential mortgage	​	​	169	​	—	​	—	​	—
Total	​	$	4,416	​	5	​	4,007	​	26
Impaired loans without related allowance:	​	​	​	​	​	​	​	​	​
Commercial mortgage	​	$	2,573	​	8	​	2,080	​	47
Commercial and industrial	​	​	473	​	19	​	874	​	6
Small business loans	​	​	147	​	3	​	208	​	5
Home equity lines and loans	​	​	823	​	—	​	564	​	—
Residential mortgage	​	​	1,636	​	6	​	1,649	​	41
Construction	​	​	1,206	​	17	​	1,206	​	14
Total	​	$	6,858	​	53	​	6,581	​	113
Grand Total	​	$	11,274	​	58	​	10,588	​	139
​	​	​	​	​	​	​	​	​	​
​	​	​	Nine Months Ended			​	Nine Months Ended
​	​	​	September 30, 2021			​	September 30, 2020
​	​	​	Average	​	Interest	​	Average	​	Interest
​	​	​	recorded	​	Income	​	recorded	​	Income
(dollars in thousands)	​	​	investment	​	Recognized	​	investment	​	Recognized
Impaired loans with related allowance:	​	​	​	​	​	​	​	​	​
Commercial and industrial	​	$	3,306	​	15	​	1,766	​	36
Small business loans	​	​	917	​	—	​	—	​	—
Home equity lines and loans	​	​	92	​	—	​	103	​	—
Residential mortgage	​	​	170	​	—	​	—	​	—
Total	​	$	4,485	​	15	​	1,869	​	36
​	​	​	​	​	​	​	​	​	​
Impaired loans without related allowance:	​	​	​	​	​	​	​	​	​
Commercial mortgage	​	$	2,584	​	24	​	1,852	​	89
Commercial and industrial	​	​	485	​	19	​	700	​	14
Small business loans	​	​	161	​	11	​	220	​	16
Home equity lines and loans	​	​	824	​	—	​	575	​	—
Residential mortgage	​	​	1,640	​	9	​	1,478	​	133
Construction	​	​	1,206	​	47	​	1,209	​	46
Leases	​	​	53	​	—	​	—	​	—
Total	​	$	6,953	​	110	​	6,034	​	298
Grand Total	​	$	11,438	​	125	​	7,903	​	334

Schedule of TDRs

​

​	​	​	​	​	​
​	​	September 30,		​	December 31,
(dollars in thousands)		2021			2020
TDRs included in nonperforming loans and leases	​	$	367		244
TDRs in compliance with modified terms	​		2,476		3,362
Total TDRs	​	$	2,843		3,606

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Tabular disclosure of the average recorded investment of impaired financing receivables.

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Tabular disclosure of allowance for Loan and Lease Losses by Portfolio Segment.

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5212-111524

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Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524

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