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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2021

LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]

Portfolio Loans

Loans are comprised of the following:

		June 30, 2021				December 31, 2020
Residential real estate		$	281,729			$	305,478
Commercial real estate:
Owner-occupied			74,556				51,863
Nonowner-occupied			176,775				164,523
Construction			32,610				37,063
Commercial and industrial			143,757				157,692
Consumer:
Automobile			53,413				55,241
Home equity			20,852				19,993
Other			64,224				56,811
			847,916				848,664
Less:  Allowance for loan losses			(6,799	)			(7,160	)
Loans, net		$	841,117			$	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 June 30, 2021 and 2020:

June 30, 2021		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Beginning balance		$	1,377			$	2,346			$	1,791			$	1,373			$	6,887
Provision for loan losses			(293	)			219				(55	)			156				27
Loans charged off			(25	)			(42	)			—				(240	)			(307	)
Recoveries			29				15				4				144				192
Total ending allowance balance		$	1,088			$	2,538			$	1,740			$	1,433			$	6,799

June 30, 2020		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Beginning balance		$	2,002			$	3,028			$	2,045			$	1,654			$	8,729
Provision for loan losses			64				(343	)			(349	)			235				(393	)
Loans charged-off			(52	)			—				(56	)			(390	)			(498	)
Recoveries			10				15				9				109				143
Total ending allowance balance		$	2,024			$	2,700			$	1,649			$	1,608			$	7,981

The following table presents the activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2021 and 2020:

June 30, 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			(409	)			117				(3	)			270				(25	)
Loans charged-off			(26	)			(52	)			(71	)			(599	)			(748	)
Recoveries			43				42				38				289				412
Total ending allowance balance		$	1,088			$	2,538			$	1,740			$	1,433			$	6,799

June 30, 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			990				1,229				275				959				3,453
Loans charged-off			(250	)			(516	)			(89	)			(1,279	)			(2,134	)
Recoveries			34				59				16				281				390
Total ending allowance balance		$	2,024			$	2,700			$	1,649			$	1,608			$	7,981

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 June 30, 2021 and December 31, 2020:

June 30, 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		$	—			$	—			$	11			$	49			$	60
Collectively evaluated for impairment			1,088				2,538				1,729				1,384				6,739
Total ending allowance balance		$	1,088			$	2,538			$	1,740			$	1,433			$	6,799
Loans:
Loans individually evaluated for impairment		$	—			$	5,550			$	2,498			$	82			$	8,130
Loans collectively evaluated for impairment			281,729				278,391				141,259				138,407				839,786
Total ending loans balance		$	281,729			$	283,941			$	143,757			$	138,489			$	847,916

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 June 30, 2021 and December 31, 2020:

June 30, 2021		Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With an allowance recorded:
Commercial and industrial		$	261			$	261			$	11
Consumer:
Other			49				49				49
With no related allowance recorded:
Commercial real estate:
Owner-occupied			5,165				5,163				—
Nonowner-occupied			387				387				—
Commercial and industrial			2,237				2,237				—
Consumer:
Home equity			33				33				—
Total		$	8,132			$	8,130			$	60

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 and six months ended June 30, 2021 and 2020:

		Three months ended June 30, 2021												Six months ended June 30, 2021
		Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized				Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized
With an allowance recorded:
Commercial and industrial		$	268			$	5			$	5			$	274			$	9			$	9
Consumer:
Other			50				1				1				50				1				1
With no related allowance recorded:
Commercial real estate:
Owner-occupied			5,190				86				86				5,212				164				164
Nonowner-occupied			388				7				7				389				14				14
Commercial and industrial			2,636				33				33				3,224				81				81
Consumer:
Home equity			33				1				1				33				1				1
Total		$	8,565			$	133			$	133			$	9,182			$	270			$	270

		Three months ended June 30, 2020												Six months ended June 30, 2020
		Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized				Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized
With an allowance recorded:		$	—			$	—			$	—			$	—			$	—			$	—
With no related allowance recorded:
Residential real estate			426				5				5				430				8				8
Commercial real estate:
Owner-occupied			4,051				44				44				3,764				102				102
Nonowner-occupied			1,018				13				13				1,027				24				24
Commercial and industrial			4,355				56				56				4,428				129				129
Consumer:
Home equity			403				3				3				391				8				8
Total		$	10,253			$	121			$	121			$	10,040			$	271			$	271

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 June 30, 2021 and December 31, 2020:

June 30, 2021		Loans Past Due 90 Days And Still Accruing				Nonaccrual
Residential real estate		$	3			$	4,550
Commercial real estate:
Owner-occupied			—				1,195
Nonowner-occupied			—				115
Construction			—				131
Commercial and industrial			—				149
Consumer:
Automobile			122				61
Home equity			—				131
Other			46				31
Total		$	171			$	6,363

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 June 30, 2021 and December 31, 2020:

June 30, 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		$	1,161			$	631			$	867			$	2,659			$	279,070			$	281,729
Commercial real estate:
Owner-occupied			93				—				1,185				1,278				73,278				74,556
Nonowner-occupied			184				—				115				299				176,476				176,775
Construction			12				—				—				12				32,598				32,610
Commercial and industrial			13				—				149				162				143,595				143,757
Consumer:
Automobile			706				141				175				1,022				52,391				53,413
Home equity			126				127				63				316				20,536				20,852
Other			251				95				76				422				63,802				64,224
Total		$	2,546			$	994			$	2,630			$	6,170			$	841,746			$	847,916

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 June 30, 2021 and December 31, 2020:

June 30, 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		$	1,471			$	—			$	1,471
Maturity extension at lower stated rate than market rate			310				—				310
Credit extension at lower stated rate than market rate			380				—				380
Nonowner-occupied
Credit extension at lower stated rate than market rate			387				—				387
Commercial and industrial:
Interest only payments			2,237				—				2,237
Total TDRs		$	4,785			$	—			$	4,785

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 June 30, 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:

June 30, 2021		Pass				Criticized				Classified				Total
Commercial real estate:
Owner-occupied		$	69,324			$	643			$	4,589			$	74,556
Nonowner-occupied			172,856				3,600				319				176,775
Construction			32,610				—				—				32,610
Commercial and industrial			139,151				1,959				2,647				143,757
Total		$	413,941			$	6,202			$	7,555			$	427,698

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 June 30, 2021 and December 31, 2020:

June 30, 2021		Consumer												Residential
		Automobile				Home Equity				Other				Real Estate				Total
Performing		$	53,230			$	20,721			$	64,147			$	277,176			$	415,274
Nonperforming			183				131				77				4,553				4,944
Total		$	53,413			$	20,852			$	64,224			$	281,729			$	420,218

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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