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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2021

LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]

Portfolio Loans

Loans are comprised of the following:

		March 31, 2021				December 31, 2020
Residential real estate		$	290,587			$	305,478
Commercial real estate:
Owner-occupied			54,228				51,863
Nonowner-occupied			159,262				164,523
Construction			37,656				37,063
Commercial and industrial			159,716				157,692
Consumer:
Automobile			53,475				55,241
Home equity			20,608				19,993
Other			55,518				56,811
			831,050				848,664
Less:  Allowance for loan losses			(6,887	)			(7,160	)
Loans, net		$	824,163			$	841,504

Activity in Allowance for Loan Losses by Portfolio Segment

The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2021 and 2020:

March 31, 2021		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Beginning balance		$	1,480			$	2,431			$	1,776			$	1,473			$	7,160
Provision for loan losses			(116	)			(102	)			52				114				(52	)
Loans charged off			(1	)			(10	)			(71	)			(359	)			(441	)
Recoveries			14				27				34				145				220
Total ending allowance balance		$	1,377			$	2,346			$	1,791			$	1,373			$	6,887

March 31, 2020		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Beginning balance		$	1,250			$	1,928			$	1,447			$	1,647			$	6,272
Provision for loan losses			926				1,572				624				724				3,846
Loans charged-off			(198	)			(516	)			(33	)			(889	)			(1,636	)
Recoveries			24				44				7				172				247
Total ending allowance balance		$	2,002			$	3,028			$	2,045			$	1,654			$	8,729

Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method

The following table presents the balance in the allowance for loan losses and the recorded investment of loans by portfolio segment and based on impairment method as of March 31, 2021 and December 31, 2020:

March 31, 2021		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$	—			$	8			$	32			$	50			$	90
Collectively evaluated for impairment			1,377				2,338				1,759				1,323				6,797
Total ending allowance balance		$	1,377			$	2,346			$	1,791			$	1,373			$	6,887
Loans:
Loans individually evaluated for impairment		$	205			$	5,606			$	3,311			$	83			$	9,205
Loans collectively evaluated for impairment			290,382				245,540				156,405				129,518				821,845
Total ending loans balance		$	290,587			$	251,146			$	159,716			$	129,601			$	831,050

NOTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES (Continued)

December 31, 2020		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$	—			$	—			$	—			$	—			$	—
Collectively evaluated for impairment			1,480				2,431				1,776				1,473				7,160
Total ending allowance balance		$	1,480			$	2,431			$	1,776			$	1,473			$	7,160
Loans:
Loans individually evaluated for impairment		$	411			$	5,845			$	4,686			$	84			$	11,026
Loans collectively evaluated for impairment			305,067				247,604				153,006				131,961				837,638
Total ending loans balance		$	305,478			$	253,449			$	157,692			$	132,045			$	848,664

Loans Individually Evaluated for Impairment by Class of Loans

The following tables present information related to loans individually evaluated for impairment by class of loans as of March 31, 2021 and December 31, 2020:

March 31, 2021		Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With an allowance recorded:
Commercial real estate:
Owner-occupied		$	2,105			$	2,105			$	8
Commercial and industrial			276				276				32
Consumer:
Other			50				50				50
With no related allowance recorded:
Residential real estate			215				205				—
Commercial real estate:
Owner-occupied			3,112				3,112				—
Nonowner-occupied			389				389				—
Commercial and industrial			3,035				3,035				—
Consumer:
Home equity			33				33				—
Total		$	9,215			$	9,205			$	90

December 31, 2020		Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With an allowance recorded:		$	----			$	----			$	---
With no related allowance recorded:
Residential real estate			418				411				—
Commercial real estate:
Owner-occupied			5,256				5,256				—
Nonowner-occupied			632				589				—
Commercial and industrial			4,686				4,686				—
Consumer:
Home equity			34				34				—
Other			50				50				—
Total		$	11,076			$	11,026			$	—

The following tables present information related to loans individually evaluated for impairment by class of loans for the three months ended March 31, 2021 and 2020:

		Three months ended March 31, 2021
		Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized
With an allowance recorded:
Commercial real estate:
Owner-occupied		$	2,109			$	43			$	43
Commercial and industrial			281				4				4
Consumer:
Other			50				1				1
With no related allowance recorded:
Residential real estate			207				3				3
Commercial real estate:
Owner-occupied			3,128				34				34
Nonowner-occupied			389				7				7
Commercial and industrial			3,718				47				47
Consumer:
Home equity			33				1				1
Total		$	9,915			$	140			$	140

		Three months ended March 31, 2020
		Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized
With an allowance recorded:
Commercial real estate:
Owner-occupied		$	875			$	9			$	9
Commercial and industrial			611				7				7
With no related allowance recorded:
Residential real estate			433				4				4
Commercial real estate:
Owner-occupied			2,754				48				48
Nonowner-occupied			1,033				11				11
Commercial and industrial			4,279				66				66
Consumer:
Home equity			385				5				5
Total		$	10,370			$	150			$	150

Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days Still on Accrual by Class of Loans

The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of March 31, 2021 and December 31, 2020:

March 31, 2021		Loans Past Due 90 Days And Still Accruing				Nonaccrual
Residential real estate		$	39			$	4,828
Commercial real estate:
Owner-occupied			—				457
Nonowner-occupied			—				162
Construction			—				153
Commercial and industrial			—				149
Consumer:
Automobile			59				55
Home equity			—				160
Other			42				26
Total		$	140			$	5,990

December 31, 2020		Loans Past Due 90 Days And Still Accruing				Nonaccrual
Residential real estate		$	127			$	5,256
Commercial real estate:
Owner-occupied			—				205
Nonowner-occupied			—				362
Construction			—				156
Commercial and industrial			15				149
Consumer:
Automobile			146				129
Home equity			—				210
Other			136				36
Total		$	424			$	6,503

Aging of Recorded Investment in Past Due Loans by Class of Loans

The following table presents the aging of the recorded investment of past due loans by class of loans as of March 31, 2021 and December 31, 2020:

March 31, 2021		30-59 Days Past Due				60-89 Days Past Due				90 Days Or More Past Due				Total Past Due				Loans Not Past Due				Total
Residential real estate		$	2,123			$	506			$	965			$	3,594			$	286,993			$	290,587
Commercial real estate:
Owner-occupied			292				923				445				1,660				52,568				54,228
Nonowner-occupied			2,098				—				162				2,260				157,002				159,262
Construction			-				29				82				111				37,545				37,656
Commercial and industrial			140				-				149				289				159,427				159,716
Consumer:
Automobile			451				80				99				630				52,845				53,475
Home equity			61				127				138				326				20,282				20,608
Other			161				71				61				293				55,225				55,518
Total		$	5,326			$	1,736			$	2,101			$	9,163			$	821,887			$	831,050

December 31, 2020		30-59 Days Past Due				60-89 Days Past Due				90 Days Or More Past Due				Total Past Due				Loans Not Past Due				Total
Residential real estate		$	2,845			$	496			$	1,663			$	5,004			$	300,474			$	305,478
Commercial real estate:
Owner-occupied			470				1,003				193				1,666				50,197				51,863
Nonowner-occupied			94				—				362				456				164,067				164,523
Construction			—				82				—				82				36,981				37,063
Commercial and industrial			1,112				11				164				1,287				156,405				157,692
Consumer:
Automobile			831				131				258				1,220				54,021				55,241
Home equity			204				81				113				398				19,595				19,993
Other			446				76				172				694				56,117				56,811
Total		$	6,002			$	1,880			$	2,925			$	10,807			$	837,857			$	848,664

Troubled Debt Restructuring Loan Modifications

The following table presents the types of TDR loan modifications by class of loans as of March 31, 2021 and December 31, 2020:

March 31, 2021		TDRs Performing to Modified Terms				TDRs Not Performing to Modified Terms				Total TDRs
Commercial real estate:
Owner-occupied
Reduction of principal and interest payments		$	1,479			$	—			$	1,479
Maturity extension at lower stated rate than market rate			329				—				329
Credit extension at lower stated rate than market rate			381				—				381
Nonowner-occupied
Credit extension at lower stated rate than market rate			389				—				389
Commercial and industrial:
Interest only payments			3,035				—				3,035
Total TDRs		$	5,613			$	—			$	5,613

December 31, 2020		TDRs Performing to Modified Terms				TDRs Not Performing to Modified Terms				Total TDRs
Residential real estate:
Interest only payments		$	202			$	—			$	202
Commercial real estate:
Owner-occupied
Reduction of principal and interest payments			1,486				—				1,486
Maturity extension at lower stated rate than market rate			351				—				351
Credit extension at lower stated rate than market rate			384				—				384
Nonowner-occupied
Credit extension at lower stated rate than market rate			390				—				390
Commercial and industrial:
Interest only payments			4,400				—				4,400
Total TDRs		$	7,213			$	—			$	7,213

Financing Receivable Credit Quality Indicators

Criticized and classified loans will mostly consist of commercial and industrial and commercial real estate loans. The Company considers its loans that do not meet the criteria for a criticized and classified asset rating as pass rated loans, which will include loans graded from 1 (Prime) to 7 (Watch). All commercial loans are categorized into a risk category either at the time of origination or reevaluation date. As of March 31, 2021 and December 31, 2020, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:

March 31, 2021		Pass				Criticized				Classified				Total
Commercial real estate:
Owner-occupied		$	48,758			$	655			$	4,815			$	54,228
Nonowner-occupied			155,258				3,635				369				159,262
Construction			37,574				—				82				37,656
Commercial and industrial			154,244				2,012				3,460				159,716
Total		$	395,834			$	6,302			$	8,726			$	410,862

December 31, 2020		Pass				Criticized				Classified				Total
Commercial real estate:
Owner-occupied		$	46,604			$	669			$	4,590			$	51,863
Nonowner-occupied			160,324				3,629				570				164,523
Construction			37,063				—				—				37,063
Commercial and industrial			150,786				2,064				4,842				157,692
Total		$	394,777			$	6,362			$	10,002			$	411,141

Recorded Investment of Residential and Consumer Loans

For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of March 31, 2021 and December 31, 2020:

March 31, 2021		Consumer												Residential
		Automobile				Home Equity				Other				Real Estate				Total
Performing		$	53,361			$	20,448			$	55,450			$	285,720			$	414,979
Nonperforming			114				160				68				4,867				5,209
Total		$	53,475			$	20,608			$	55,518			$	290,587			$	420,188

December 31, 2020		Consumer												Residential
		Automobile				Home Equity				Other				Real Estate				Total
Performing		$	54,966			$	19,783			$	56,639			$	300,095			$	431,483
Nonperforming			275				210				172				5,383				6,040
Total		$	55,241			$	19,993			$	56,811			$	305,478			$	437,523

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