XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Allowance for Loan Losses | 6 Months Ended
--- | ---
Jun. 30, 2022
Allowance For Loan Losses [Abstract] |
Allowance for Loan Losses | Note 7: Allowance for Loan Losses Management extensively reviews recent trends in historical losses, qualitative factors, including concentrations of loans to related borrowers and concentrations of loans by collateral type, and specific reserve needs on loans individually evaluated for impairment in its determination of the adequacy of the allowance for loan losses. We recorded $59,000 in provision for loan losses for the three month period ended June 30, 2022, as compared to $929,000 for the three month period ended June 30, 2021. For the first six months of 2022, we recorded $161,000 in provision for loan losses as compared to $2.0 million in the same prior year six month period. The provisioning in 2022 and 2021 reflects management’s determination of additions to reserves considering loan mix changes, concentrations of loans in certain business sectors, factors related to loan quality metrics, and continued COVID-19 related economic uncertainty. The credit-sensitive portfolios continue to be carefully monitored, and the Bank will consistently apply its loan classification and reserve building methodologies to the analysis of these portfolios. Summarized in the tables below are changes in the allowance for loan losses for the indicated periods and information pertaining to the allocation of the allowance for loan losses, balances of the allowance for loan losses, loans receivable based on individual, and collective impairment evaluation by loan portfolio class. An allocation of a portion of the allowance to a given portfolio class does not limit the Company’s ability to absorb losses in another portfolio class.
|  | For the three months ended June 30, 2022 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | first-lien |  |  | Residential |  |  |  |  |  |  |  |  | Other |  |  | Paycheck |
|  | residential |  |  | construction |  |  | Commercial |  |  | Commercial |  |  | commercial |  |  | Protection |
(In thousands) |  | mortgage |  |  | mortgage |  |  | real estate |  |  | lines of credit |  |  | and industrial |  |  | Program |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 830 |  |  | $ | - |  |  | $ | 5,298 |  |  | $ | 1,061 |  |  | $ | 2,737 |  |  | $ | - |
Charge-offs |  |  | (29 | ) |  |  | - |  |  |  | (23 | ) |  |  | (21 | ) |  |  | (200 | ) |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | 250 |  |  |  | - |  |  |  | 46 |  |  |  | - |
Provisions (credits) |  |  | 96 |  |  |  | - |  |  |  | (3 | ) |  |  | 117 |  |  |  | 33 |  |  |  | - |
Ending balance |  | $ | 897 |  |  | $ | - |  |  | $ | 5,522 |  |  | $ | 1,157 |  |  | $ | 2,616 |  |  | $ | - |
Ending balance: related to loans individually evaluated for impairment |  | $ | 95 |  |  | $ | - |  |  | $ | 44 |  |  | $ | 359 |  |  | $ | 1,208 |  |  | $ | - |
Ending balance: related to loans collectively evaluated for impairment |  | $ | 802 |  |  | $ | - |  |  | $ | 5,478 |  |  | $ | 798 |  |  | $ | 1,408 |  |  | $ | - |
Loans receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 240,997 |  |  | $ | 16,241 |  |  | $ | 320,439 |  |  | $ | 76,610 |  |  | $ | 70,205 |  |  | $ | 4,877 |
Ending balance: individually evaluated for impairment |  | $ | 1,141 |  |  | $ | - |  |  | $ | 144 |  |  | $ | 6,956 |  |  | $ | 1,974 |  |  | $ | - |
Ending balance: collectively evaluated for impairment |  | $ | 239,856 |  |  | $ | 16,241 |  |  | $ | 320,295 |  |  | $ | 69,654 |  |  | $ | 68,231 |  |  | $ | 4,877 |
|  |  |  |  | Home equity |  |  | Other |  |  |  |  |  |  |  |  |  |
|  | Tax exempt |  |  | and junior liens |  |  | Consumer |  |  | Unallocated |  |  | Total |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 4 |  |  | $ | 676 |  |  | $ | 1,422 |  |  | $ | 989 |  |  | $ | 13,017 |  |  |  |
Charge-offs |  |  | - |  |  |  | - |  |  |  | (51 | ) |  |  | - |  |  |  | (324 | ) |  |  |
Recoveries |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | - |  |  |  | 326 |  |  |  |
Provisions |  |  | - |  |  |  | 74 |  |  |  | 142 |  |  |  | (400 | ) |  |  | 59 |  |  |  |
Ending balance |  | $ | 4 |  |  | $ | 750 |  |  | $ | 1,543 |  |  | $ | 589 |  |  | $ | 13,078 |  |  |  |
Ending balance: related to loans individually evaluated for impairment |  | $ | - |  |  | $ | 114 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,820 |  |  |  |
Ending balance: related to loans collectively evaluated for impairment |  | $ | 4 |  |  | $ | 636 |  |  | $ | 1,543 |  |  | $ | 589 |  |  | $ | 11,258 |  |  |  |
Loans receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 5,390 |  |  | $ | 33,267 |  |  | $ | 99,326 |  |  | $ | - |  |  | $ | 867,352 |  |  |  |
Ending balance: individually evaluated for impairment |  | $ | - |  |  | $ | 628 |  |  | $ | - |  |  | $ | - |  |  | $ | 10,843 |  |  |  |
Ending balance: collectively evaluated for impairment |  | $ | 5,390 |  |  | $ | 32,639 |  |  | $ | 99,326 |  |  | $ | - |  |  | $ | 856,509 |  |  |  |
|  | For the six months ended June 30, 2022 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | first-lien |  |  | Residential |  |  |  |  |  |  |  |  | Other |  |  | Paycheck |
|  | residential |  |  | construction |  |  | Commercial |  |  | Commercial |  |  | commercial |  |  | Protection |
(In thousands) |  | mortgage |  |  | mortgage |  |  | real estate |  |  | lines of credit |  |  | and industrial |  |  | Program |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 872 |  |  | $ | - |  |  | $ | 5,308 |  |  | $ | 935 |  |  | $ | 2,762 |  |  | $ | - |
Charge-offs |  |  | (29 | ) |  |  | - |  |  |  | (23 | ) |  |  | (38 | ) |  |  | (200 | ) |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | 250 |  |  |  | - |  |  |  | 46 |  |  |  | - |
Provisions |  |  | 54 |  |  |  | - |  |  |  | (13 | ) |  |  | 260 |  |  |  | 8 |  |  |  | - |
Ending balance |  | $ | 897 |  |  | $ | - |  |  | $ | 5,522 |  |  | $ | 1,157 |  |  | $ | 2,616 |  |  | $ | - |
|  |  |  |  | Home equity |  |  | Other |  |  |  |  |  |  |  |  |  |
|  | Tax exempt |  |  | and junior liens |  |  | consumer |  |  | Unallocated |  |  | Total |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 3 |  |  | $ | 774 |  |  | $ | 1,297 |  |  | $ | 984 |  |  | $ | 12,935 |  |  |  |
Charge-offs |  |  | - |  |  |  | - |  |  |  | (80 | ) |  |  | - |  |  |  | (370 | ) |  |  |
Recoveries |  |  | - |  |  |  | - |  |  |  | 56 |  |  |  | - |  |  |  | 352 |  |  |  |
Provisions |  |  | 1 |  |  |  | (24 | ) |  |  | 270 |  |  |  | (395 | ) |  |  | 161 |  |  |  |
Ending balance |  | $ | 4 |  |  | $ | 750 |  |  | $ | 1,543 |  |  | $ | 589 |  |  | $ | 13,078 |  |  |  |
|  | For the three months ended June 30, 2021 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | first-lien |  |  | Residential |  |  |  |  |  |  |  |  | Other |  |  | Paycheck |
|  | residential |  |  | construction |  |  | Commercial |  |  | Commercial |  |  | commercial |  |  | Protection |
(In thousands) |  | mortgage |  |  | mortgage |  |  | real estate |  |  | lines of credit |  |  | and industrial |  |  | Program |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 975 |  |  | $ | - |  |  | $ | 5,721 |  |  | $ | 1,916 |  |  | $ | 3,016 |  |  | $ | - |
Charge-offs |  |  | (20 | ) |  |  | - |  |  |  | (6 | ) |  |  | - |  |  |  | - |  |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 62 |  |  |  | - |  |  |  | - |
Provisions |  |  | (80 | ) |  |  | - |  |  |  | 405 |  |  |  | (168 | ) |  |  | 432 |  |  |  | - |
Ending balance |  | $ | 875 |  |  | $ | - |  |  | $ | 6,120 |  |  | $ | 1,810 |  |  | $ | 3,448 |  |  | $ | - |
Ending balance: related to loans individually evaluated for impairment |  | $ | 80 |  |  | $ | - |  |  | $ | 222 |  |  | $ | 904 |  |  | $ | 1,852 |  |  | $ | - |
Ending balance: related to loans collectively evaluated for impairment |  | $ | 795 |  |  | $ | - |  |  | $ | 5,898 |  |  | $ | 906 |  |  | $ | 1,596 |  |  | $ | - |
Loans receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 226,896 |  |  | $ | 8,133 |  |  | $ | 291,678 |  |  | $ | 60,097 |  |  | $ | 74,416 |  |  | $ | 53,611 |
Ending balance: individually evaluated for impairment |  | $ | 1,499 |  |  | $ | - |  |  | $ | 6,946 |  |  | $ | 1,004 |  |  | $ | 7,266 |  |  | $ | - |
Ending balance: collectively evaluated for impairment |  | $ | 225,397 |  |  | $ | 8,133 |  |  | $ | 284,732 |  |  | $ | 59,093 |  |  | $ | 67,150 |  |  | $ | 53,611 |
|  |  |  |  | Home equity |  |  | Other |  |  |  |  |  |  |  |  |  |
|  | Tax exempt |  |  | and junior liens |  |  | Consumer |  |  | Unallocated |  |  | Total |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 1 |  |  | $ | 827 |  |  | $ | 1,237 |  |  | $ | - |  |  | $ | 13,693 |  |  |  |
Charge-offs |  |  | - |  |  |  | - |  |  |  | (76 | ) |  |  | - |  |  |  | (102 | ) |  |  |
Recoveries |  |  | - |  |  |  | - |  |  |  | 21 |  |  |  | - |  |  |  | 83 |  |  |  |
Provisions |  |  | - |  |  |  | (22 | ) |  |  | 68 |  |  |  | 294 |  |  |  | 929 |  |  |  |
Ending balance |  | $ | 1 |  |  | $ | 805 |  |  | $ | 1,250 |  |  | $ | 294 |  |  | $ | 14,603 |  |  |  |
Ending balance: related to loans individually evaluated for impairment |  | $ | - |  |  | $ | 223 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,281 |  |  |  |
Ending balance: related to loans collectively evaluated for impairment |  | $ | 1 |  |  | $ | 582 |  |  | $ | 1,250 |  |  | $ | 294 |  |  | $ | 11,322 |  |  |  |
Loans receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 6,554 |  |  | $ | 34,649 |  |  | $ | 80,269 |  |  | $ | 713 |  |  | $ | 837,016 |  |  |  |
Ending balance: individually evaluated for impairment |  | $ | - |  |  | $ | 578 |  |  | $ | 79 |  |  | $ | - |  |  | $ | 17,372 |  |  |  |
Ending balance: collectively evaluated for impairment |  | $ | 6,554 |  |  | $ | 34,071 |  |  | $ | 80,190 |  |  | $ | 713 |  |  | $ | 819,644 |  |  |  |
|  | For the six months ended June 30, 2021 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | first-lien |  |  | Residential |  |  |  |  |  |  |  |  | Other |  |  | Paycheck |
|  | residential |  |  | construction |  |  | Commercial |  |  | Commercial |  |  | commercial |  |  | Protection |
(In thousands) |  | mortgage |  |  | mortgage |  |  | real estate |  |  | lines of credit |  |  | and industrial |  |  | Program |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 931 |  |  | $ | - |  |  | $ | 4,776 |  |  | $ | 1,670 |  |  | $ | 2,992 |  |  | $ | - |
Charge-offs |  |  | (20 | ) |  |  | - |  |  |  | (6 | ) |  |  | - |  |  |  | (100 | ) |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 63 |  |  |  | - |  |  |  | - |
Provisions (credits) |  |  | (36 | ) |  |  | - |  |  |  | 1,350 |  |  |  | 77 |  |  |  | 556 |  |  |  | - |
Ending balance |  | $ | 875 |  |  | $ | - |  |  | $ | 6,120 |  |  | $ | 1,810 |  |  | $ | 3,448 |  |  | $ | - |
|  |  |  |  | Home equity |  |  | Other |  |  |  |  |  |  |  |  |  |
|  | Tax exempt |  |  | and junior liens |  |  | consumer |  |  | Unallocated |  |  | Total |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 1 |  |  | $ | 739 |  |  | $ | 1,123 |  |  | $ | 545 |  |  | $ | 12,777 |  |  |  |
Charge-offs |  |  | - |  |  |  | - |  |  |  | (119 | ) |  |  | - |  |  |  | (245 | ) |  |  |
Recoveries |  |  | - |  |  |  | - |  |  |  | 51 |  |  |  | - |  |  |  | 114 |  |  |  |
Provisions (credits) |  |  | - |  |  |  | 66 |  |  |  | 195 |  |  |  | (251 | ) |  |  | 1,957 |  |  |  |
Ending balance |  | $ | 1 |  |  | $ | 805 |  |  | $ | 1,250 |  |  | $ | 294 |  |  | $ | 14,603 |  |  |  |
The Company’s methodology for determining its allowance for loan losses includes an analysis of qualitative factors that are added to the historical loss rates in arriving at the total allowance for loan losses needed for this general pool of loans. The qualitative factors include: • Changes in national and local economic trends; • The rate of growth in the portfolio; • Trends of delinquencies and nonaccrual balances; • Changes in loan policy; and • Changes in lending management experience and related staffing. Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. These qualitative factors, applied to each product class, make the evaluation inherently subjective, as it requires material estimates that may be susceptible to significant revision as more information becomes available. Adjustments to the factors are supported through documentation of changes in conditions in a narrative accompanying the allowance for loan losses analysis and calculation. The allocation of the allowance for loan losses summarized on the basis of the Company’s calculation methodology was as follows:
|  | June 30, 2022 |
(In thousands) |  | 1-4 family first-lien residential mortgage |  |  | Residential construction mortgage |  |  | Commercial real estate |  |  | Commercial lines of credit |  |  | Other Commercial and industrial |
Specifically reserved |  | $ | 95 |  |  | $ | - |  |  | $ | 44 |  |  | $ | 359 |  |  | $ | 1,208 |
Historical loss rate |  |  | 85 |  |  |  | - |  |  |  | 1 |  |  |  | 37 |  |  |  | 83 |
Qualitative factors |  |  | 717 |  |  |  | - |  |  |  | 5,477 |  |  |  | 761 |  |  |  | 1,325 |
Total |  | $ | 897 |  |  | $ | - |  |  | $ | 5,522 |  |  | $ | 1,157 |  |  | $ | 2,616 |
|  | Tax exempt |  |  | Home equity and junior liens |  |  | Other consumer |  |  | Unallocated |  |  | Total |
Specifically reserved |  | $ | - |  |  | $ | 114 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,820 |
Historical loss rate |  |  | - |  |  |  | 321 |  |  |  | 1,246 |  |  |  | - |  |  |  | 1,773 |
Qualitative factors |  |  | 4 |  |  |  | 315 |  |  |  | 297 |  |  |  | - |  |  |  | 8,896 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 589 |  |  |  | 589 |
Total |  | $ | 4 |  |  | $ | 750 |  |  | $ | 1,543 |  |  | $ | 589 |  |  | $ | 13,078 |
|  | June 30, 2021 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |
|  | first-lien |  |  | Residential |  |  |  |  |  |  |  |  | Other |
|  | residential |  |  | construction |  |  | Commercial |  |  | Commercial |  |  | commercial |
(In thousands) |  | mortgage |  |  | mortgage |  |  | real estate |  |  | lines of credit |  |  | and industrial |
Specifically reserved |  | $ | 80 |  |  | $ | - |  |  | $ | 222 |  |  | $ | 904 |  |  | $ | 1,852 |
Historical loss rate |  |  | 85 |  |  |  | - |  |  |  | 1 |  |  |  | 33 |  |  |  | 38 |
Qualitative factors |  |  | 710 |  |  |  | - |  |  |  | 5,897 |  |  |  | 873 |  |  |  | 1,558 |
Total |  | $ | 875 |  |  | $ | - |  |  | $ | 6,120 |  |  | $ | 1,810 |  |  | $ | 3,448 |
|  |  |  |  | Home equity |  |  | Other |  |  |  |  |  |  |
|  | Tax exempt |  |  | and junior liens |  |  | consumer |  |  | Unallocated |  |  | Total |
Specifically reserved |  | $ | - |  |  | $ | 223 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,281 |
Historical loss rate |  |  | - |  |  |  | 325 |  |  |  | 992 |  |  |  | - |  |  |  | 1,474 |
Qualitative factors |  |  | 1 |  |  |  | 257 |  |  |  | 258 |  |  |  | - |  |  |  | 9,554 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 294 |  |  |  | 294 |
Total |  | $ | 1 |  |  | $ | 805 |  |  | $ | 1,250 |  |  | $ | 294 |  |  | $ | 14,603 |

X
- Definition Allowance for loan losses. + References No definition available. + Details
Name: | pbhc_AllowanceForLoanLossesAbstract
Namespace Prefix: | pbhc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration