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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2022

LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]

Portfolio Loans

Loans are comprised of the following:

		June 30, 2022				December 31, 2021
Residential real estate		$	308,141			$	274,425
Commercial real estate:
Owner-occupied			70,760				71,979
Nonowner-occupied			167,327				176,100
Construction			38,448				33,718
Commercial and industrial			148,577				141,525
Consumer:
Automobile			49,502				48,206
Home equity			24,958				22,375
Other			62,539				62,863
			870,252				831,191
Less:  Allowance for loan losses			(5,214	)			(6,483	)
Loans, net		$	865,038			$	824,708

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, 2022 and 2021:

June 30, 2022		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Beginning balance		$	714			$	1,991			$	1,389			$	1,174			$	5,268
Provision for loan losses			(77	)			(150	)			769				271				813
Loans charged off			(39	)			(15	)			(618	)			(372	)			(1,044	)
Recoveries			16				20				8				133				177
Total ending allowance balance		$	614			$	1,846			$	1,548			$	1,206			$	5,214

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

The following table presents the activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2022 and 2021:

June 30, 2022		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for loan losses:
Beginning balance		$	980			$	2,548			$	1,571			$	1,384			$	6,483
Provision for loan losses			(356	)			(725	)			579				189				(313	)
Loans charged-off			(42	)			(16	)			(618	)			(702	)			(1,378	)
Recoveries			32				39				16				335				422
Total ending allowance balance		$	614			$	1,846			$	1,548			$	1,206			$	5,214

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

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, 2022 and December 31, 2021:

June 30, 2022		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		$	—			$	—			$	297			$	—			$	297
Collectively evaluated for impairment			614				1,846				1,251				1,206				4,917
Total ending allowance balance		$	614			$	1,846			$	1,548			$	1,206			$	5,214
Loans:
Loans individually evaluated for impairment		$	—			$	2,042			$	1,507			$	—			$	3,549
Loans collectively evaluated for impairment			308,141				274,493				147,070				136,999				866,703
Total ending loans balance		$	308,141			$	276,535			$	148,577			$	136,999			$	870,252

December 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		$	—			$	—			$	10			$	—			$	10
Collectively evaluated for impairment			980				2,548				1,561				1,384				6,473
Total ending allowance balance		$	980			$	2,548			$	1,571			$	1,384			$	6,483
Loans:
Loans individually evaluated for impairment		$	—			$	5,411			$	4,531			$	81			$	10,023
Loans collectively evaluated for impairment			274,425				276,386				136,994				133,363				821,168
Total ending loans balance		$	274,425			$	281,797			$	141,525			$	133,444			$	831,191

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, 2022 and December 31, 2021:

June 30, 2022		Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With an allowance recorded:
Commercial and industrial		$	1,507			$	1,507			$	297
With no related allowance recorded:
Commercial real estate:
Owner-occupied			1,714				1,660				—
Nonowner-occupied			382				382				—
Total		$	3,603			$	3,549			$	297

December 31, 2021		Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With an allowance recorded:
Commercial and industrial		$	1,993			$	1,993			$	10
With no related allowance recorded:
Commercial real estate:
Owner-occupied			5,052				5,027				—
Nonowner-occupied			384				384				—
Commercial and industrial			2,538				2,538				—
Consumer:
Home equity			31				31				—
Other			50				50				—
Total		$	10,048			$	10,023			$	10

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, 2022 and 2021:

		Three months ended June 30, 2022												Six months ended June 30, 2022
		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		$	1,619			$	15			$	15			$	1,744			$	54			$	54
With no related allowance recorded:
Commercial real estate:
Owner-occupied			1,675				26				26				1,687				48				48
Nonowner-occupied			382				7				7				383				14				14
Total		$	3,676			$	48			$	48			$	3,814			$	116			$	116

		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
Other
Total		$	8,565			$	133			$	133			$	9,182			$	270			$	270

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, 2022 and December 31, 2021:

June 30, 2022		Loans Past Due 90 Days And Still Accruing				Nonaccrual
Residential real estate		$	91			$	2,195
Commercial real estate:
Owner-occupied			—				992
Nonowner-occupied			—				131
Construction			—				50
Commercial and industrial			—				149
Consumer:
Automobile			96				65
Home equity			—				146
Other			74				8
Total		$	261			$	3,736

December 31, 2021		Loans Past Due 90 Days And Still Accruing				Nonaccrual
Residential real estate		$	10			$	2,683
Commercial real estate:
Owner-occupied			—				1,055
Nonowner-occupied			—				—
Construction			—				146
Commercial and industrial			65				150
Consumer:
Automobile			55				147
Home equity			—				148
Other			160				17
Total		$	290			$	4,346

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, 2022 and December 31, 2021:

June 30, 2022		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		$	2,309			$	792			$	570			$	3,671			$	304,470			$	308,141
Commercial real estate:
Owner-occupied			303				—				992				1,295				69,465				70,760
Nonowner-occupied			424				—				131				555				166,772				167,327
Construction			—				83				33				116				38,332				38,448
Commercial and industrial			1,250				—				149				1,399				147,178				148,577
Consumer:
Automobile			692				151				158				1,001				48,501				49,502
Home equity			85				—				125				210				24,748				24,958
Other			341				122				77				540				61,999				62,539
Total		$	5,404			$	1,148			$	2,235			$	8,787			$	861,465			$	870,252

December 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		$	2,208			$	1,218			$	921			$	4,347			$	270,078			$	274,425
Commercial real estate:
Owner-occupied			895				—				153				1,048				70,931				71,979
Nonowner-occupied			100				—				—				100				176,000				176,100
Construction			36				53				33				122				33,596				33,718
Commercial and industrial			517				60				215				792				140,733				141,525
Consumer:
Automobile			656				148				194				998				47,208				48,206
Home equity			35				165				47				247				22,128				22,375
Other			401				133				177				711				62,152				62,863
Total		$	4,848			$	1,777			$	1,740			$	8,365			$	822,826			$	831,191

Troubled Debt Restructuring Loan Modifications

The following table presents the types of TDR loan modifications by class of loans as of June 30, 2022 and December 31, 2021:

June 30, 2022		TDRs Performing to Modified Terms				TDRs Not Performing to Modified Terms				Total TDRs
Commercial real estate:
Owner-occupied
Reduction of principal and interest payments		$	427			$	—			$	427
Credit extension at lower stated rate than market rate			367				—				367
Nonowner-occupied
Credit extension at lower stated rate than market rate			382				—				382
Total TDRs		$	1,176			$	—			$	1,176

December 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		$	1,455			$	—			$	1,455
Maturity extension at lower stated rate than market rate			268				—				268
Credit extension at lower stated rate than market rate			375				—				375
Nonowner-occupied
Credit extension at lower stated rate than market rate			385				—				385
Commercial and industrial
Interest only payments			2,301				—				2,301
Total TDRs		$	4,784			$	—			$	4,784

Financing Receivable Credit Quality Indicators

As of June 30, 2022 and December 31, 2021, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:

June 30, 2022		Pass				Criticized				Classified				Total
Commercial real estate:
Owner-occupied		$	67,196			$	2,572			$	992			$	70,760
Nonowner-occupied			167,080				—				247				167,327
Construction			38,415				—				33				38,448
Commercial and industrial			144,954				1,966				1,657				148,577
Total		$	417,645			$	4,538			$	2,929			$	425,112

December 31, 2021		Pass				Criticized				Classified				Total
Commercial real estate:
Owner-occupied		$	66,999			$	618			$	4,362			$	71,979
Nonowner-occupied			175,901				—				199				176,100
Construction			33,685				—				33				33,718
Commercial and industrial			134,983				1,862				4,680				141,525
Total		$	411,568			$	2,480			$	9,274			$	423,322

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, 2022 and December 31, 2021:

June 30, 2022		Consumer												Residential
		Automobile				Home Equity				Other				Real Estate				Total
Performing		$	49,341			$	24,812			$	62,457			$	305,855			$	442,465
Nonperforming			161				146				82				2,286				2,675
Total		$	49,502			$	24,958			$	62,539			$	308,141			$	445,140

December 31, 2021		Consumer												Residential
		Automobile				Home Equity				Other				Real Estate				Total
Performing		$	48,004			$	22,227			$	62,686			$	271,732			$	404,649
Nonperforming			202				148				177				2,693				3,220
Total		$	48,206			$	22,375			$	62,863			$	274,425			$	407,869

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