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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2023

LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]

Portfolio Loans

Loans are comprised of the following:

		September 30, 2023				December 31, 2022
Residential real estate		$	321,967			$	297,036
Commercial real estate:
Owner-occupied			79,503				72,719
Nonowner-occupied			183,369				182,831
Construction			48,538				33,205
Commercial and industrial			157,275				151,232
Consumer:
Automobile			62,216				54,837
Home equity			32,073				27,791
Other			76,281				65,398
			961,222				885,049
Less:  Allowance for credit losses			(8,173	)			(5,269	)
Loans, net		$	953,049			$	879,780

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 September 30, 2023 and December 31, 2022:

September 30,2023		Loans Past Due 90 Days And Still Accruing				Nonaccrual Loans With No ACL				Nonaccrual Loans With an ACL				Total Nonaccrual Loans
Residential real estate		$	17			$	—			$	1,299			$	1,299
Commercial real estate:
Owner-occupied			—				787				—				787
Nonowner-occupied			—				—				64				64
Construction			—				—				2				2
Commercial and industrial			—				—				51				51
Consumer:
Automobile			55				—				188				188
Home equity			—				—				97				97
Other			31				—				127				127
Total		$	103			$	787			$	1,828			$	2,615

December 31, 2022		Loans Past Due 90 Days And Still Accruing				Nonaccrual
Residential real estate		$	100			$	1,708
Commercial real estate:
Owner-occupied			—				938
Nonowner-occupied			—				70
Construction			—				75
Commercial and industrial			—				150
Consumer:
Automobile			27				82
Home equity			—				151
Other			411				59
Total		$	538			$	3,233

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 September 30, 2023 and December 31, 2022:

September 30, 2023		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		$	1,832			$	337			$	428			$	2,597			$	319,370			$	321,967
Commercial real estate:
Owner-occupied			99				74				787				960				78,543				79,503
Nonowner-occupied			64				—				—				64				183,305				183,369
Construction			4				—				—				4				48,534				48,538
Commercial and industrial			73				79				51				203				157,072				157,275
Consumer:
Automobile			789				196				191				1,176				61,040				62,216
Home equity			723				—				97				820				31,253				32,073
Other			470				422				150				1,042				75,239				76,281
Total		$	4,054			$	1,108			$	1,704			$	6,866			$	954,356			$	961,222

December 31, 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		$	1,799			$	701			$	497			$	2,997			$	294,039			$	297,036
Commercial real estate:
Owner-occupied			97				—				938				1,035				71,684				72,719
Nonowner-occupied			626				5				—				631				182,200				182,831
Construction			40				45				17				102				33,103				33,205
Commercial and industrial			21				—				150				171				151,061				151,232
Consumer:
Automobile			804				240				97				1,141				53,696				54,837
Home equity			204				—				151				355				27,436				27,791
Other			875				113				452				1,440				63,958				65,398
Total		$	4,466			$	1,104			$	2,302			$	7,872			$	877,177			$	885,049

Risk Category Loans by Class of Loans

As of September 30, 2023 and December 31, 2022, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial real estate:
Owner-occupied
Risk Rating
Pass		$	9,870			$	10,287			$	24,938			$	6,041			$	6,427			$	17,397			$	1,203			$	76,163
Special Mention			—				—				—				—				—				704				—				704
Substandard			—				—				—				—				484				1,853				299				2,636
Doubtful			—				—				—				—				—				—				—				—
Total		$	9,870			$	10,287			$	24,938			$	6,041			$	6,911			$	19,954			$	1,502			$	79,503
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial real estate:
Nonowner-occupied
Risk Rating
Pass		$	9,898			$	29,533			$	32,637			$	25,574			$	15,558			$	62,778			$	1,440			$	177,418
Special Mention			—				—				—				3,251				—				1,853				—				5,104
Substandard			—				—				847				—				—				—				—				847
Doubtful			—				—				—				—				—				—				—				—
Total		$	9,898			$	29,533			$	33,484			$	28,825			$	15,558			$	64,631			$	1,440			$	183,369
Current Period gross charge-offs		$	—			$	—			$	132			$	—			$	—			$	—			$	—			$	132

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial real estate:
Construction
Risk Rating
Pass		$	11,396			$	26,764			$	6,275			$	307			$	405			$	3,336			$	55			$	48,538
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total		$	11,396			$	26,764			$	6,275			$	307			$	405			$	3,336			$	55			$	48,538
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial and Industrial:
Risk Rating
Pass		$	5,170			$	32,171			$	27,308			$	31,884			$	421			$	28,503			$	29,844			$	155,301
Special Mention			147				—				61				—				—				24				90				322
Substandard			—				—				—				1,454				—				198				—				1,652
Doubtful			—				—				—				—				—				—				—				—
Total		$	5,317			$	32,171			$	27,369			$	33,338			$	421			$	28,725			$	29,934			$	157,275
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	29			$	29

December 31, 2022		Pass				Criticized				Classified				Total
Commercial real estate:
Owner-occupied		$	68,236			$	3,545			$	938			$	72,719
Nonowner-occupied			177,479				5,352				—				182,831
Construction			33,143				—				62				33,205
Commercial and industrial			147,627				1,879				1,726				151,232
Total		$	426,485			$	10,776			$	2,726			$	439,987

Recorded Investment of Residential and Consumer Loans

The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses.  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 September 30, 2023 and  December 31, 2022:

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Residential Real Estate:
Payment Performance
Performing		$	39,481			$	44,441			$	52,742			$	46,166			$	22,172			$	96,487			$	19,162			$	320,651
Nonperforming			—				—				—				—				187				1,129				—				1,316
Total		$	39,481			$	44,441			$	52,742			$	46,166			$	22,359			$	97,616			$	19,162			$	321,967
Current Period gross charge-offs		$	—			$	—			$	3			$	—			$	—			$	100			$	—			$	103

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Consumer:
Automobile
Payment Performance
Performing		$	24,641			$	22,862			$	8,264			$	3,608			$	1,508			$	1,090			$	—			$	61,973
Nonperforming			8				126				57				22				10				20				—				243
Total		$	24,649			$	22,988			$	8,321			$	3,630			$	1,518			$	1,110			$	—			$	62,216
Current Period gross charge-offs		$	21			$	117			$	112			$	5			$	26			$	3			$	—			$	284

																									Revolving
																									Loans
	Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023	2023				2022					2021				2020			2019				Prior				Cost Basis					Total
Consumer:
Home Equity
Payment Performance
Performing		$	—			$	—			$	—			$	—			$	—			$	6			$	31,970			$	31,976
Nonperforming			—				—				—				—				—				—				97				97
Total		$	—			$	—			$	—			$	—			$	—			$	6			$	32,067			$	32,073
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	87			$	87

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
September 30, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Consumer:
Other
Payment Performance
Performing		$	15,529			$	27,250			$	12,046			$	5,017			$	1,370			$	1,084			$	13,827			$	76,123
Nonperforming			7				11				21				100				8				6				5				158
Total		$	15,536			$	27,261			$	12,067			$	5,117			$	1,378			$	1,090			$	13,832			$	76,281
Current Period gross charge-offs		$	223			$	71			$	93			$	67			$	26			$	52			$	191			$	723

	Consumer
December 31, 2022	Automobile				Home Equity				Other				Residential Real Estate				Total
Performing		$	54,728			$	27,640			$	64,928			$	295,228			$	442,524
Nonperforming			109				151				470				1,808				2,538
Total		$	54,837			$	27,791			$	65,398			$	297,036			$	445,062

Activity in Allowance for Loan Losses by Portfolio Segment

The following table presents the activity in the allowance for credit losses by portfolio segment for the three months ended September 30, 2023 and 2022:

September 30, 2023		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for credit losses:
Beginning balance		$	2,107			$	2,252			$	1,115			$	2,097			$	7,571
Provision for credit losses			(44	)			238				68				550				812
Loans charged-off			(32	)			—				—				(453	)			(485	)
Recoveries			25				73				7				170				275
Total ending allowance balance		$	2,056			$	2,563			$	1,190			$	2,364			$	8,173

September 30, 2022		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for credit losses:
Beginning balance		$	614			$	1,846			$	1,548			$	1,206			$	5,214
Provision for credit losses			(189	)			42				(308	)			77				(378	)
Loans charged-off			(57	)			(20	)			—				(262	)			(339	)
Recoveries			55				29				36				194				314
Total ending allowance balance		$	423			$	1,897			$	1,276			$	1,215			$	4,811

The following table presents the activity in the allowance for credit losses by portfolio segment for the nine months ended September 30, 2023 and 2022:

September 30, 2023		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for credit losses:
Beginning balance		$	681			$	2,038			$	1,293			$	1,257			$	5,269
Impact of adopting ASC 326			1,345				162				(116	)			771				2,162
Provision for credit losses			84				394				(87	)			1,000				1,391
Loans charged-off			(103	)			(132	)			(29	)			(1,094	)			(1,358	)
Recoveries			49				101				129				430				709
Total ending allowance balance		$	2,056			$	2,563			$	1,190			$	2,364			$	8,173

September 30, 2022		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for credit losses:
Beginning balance		$	980			$	2,548			$	1,571			$	1,384			$	6,483
Provision for credit losses			(545	)			(683	)			271				266				(691	)
Loans charged-off			(99	)			(36	)			(618	)			(964	)			(1,717	)
Recoveries			87				68				52				529				736
Total ending allowance balance		$	423			$	1,897			$	1,276			$	1,215			$	4,811

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 credit losses and the recorded investment of loans by portfolio segment and based on impairment method as of December 31, 2022:

December 31, 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		$	—			$	—			$	—			$	—			$	—
Collectively evaluated for impairment			681				2,038				1,293				1,257				5,269
Total ending allowance balance		$	681			$	2,038			$	1,293			$	1,257			$	5,269
Loans:
Loans individually evaluated for impairment		$	—			$	1,986			$	—			$	28			$	2,014
Loans collectively evaluated for impairment			297,036				286,769				151,232				147,998				883,035
Total ending loans balance		$	297,036			$	288,755			$	151,232			$	148,026			$	885,049

Amortized Cost of Collateral Dependent Loans, by Class

The following table presents the amortized cost basis of collateral dependent loans by class of loans as of September 30, 2023:

		Collateral Type
September 30, 2023		Real Estate				Business Assets				Total
Residential real estate		$	229			$	—			$	229
Commercial real estate:
Owner-occupied			517				270				787
Consumer:
Home equity			27				—				27
Total collateral dependent loans		$	773			$	270			$	1,043

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  December 31, 2022:

December 31, 2022		Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With an allowance recorded:		$	—			$	—			$	—
With no related allowance recorded:
Commercial real estate:
Owner-occupied			1,692				1,607				—
Nonowner-occupied			379				379				—
Consumer:
Home equity			28				28				—
Total		$	2,099			$	2,014			$	—

The following tables present information related to loans individually evaluated for impairment by class of loans for the three and nine months ended September 30, 2022:

		Three months ended September 30, 2022												Nine months ended September 30, 2022
		Average Impaired Loans				Interest Income Recognized				Cash Basis Interest Recognized				Average Impaired Loans				Interest Income Recognized				Interest Income Recognized
With an allowance recorded:		$	—			$	—			$	—			$	—			$	—			$	—
With no related allowance recorded:
Commercial real estate:
Owner-occupied			1,650				18				18				1,676				66				66
Nonowner-occupied			381				8				8				382				22				22
Consumer:
Home equity			14				1				1				22				1				1
Total		$	2,045			$	27			$	27			$	2,080			$	89			$	89

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