XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Loans | 3 Months Ended
--- | ---
Mar. 31, 2023
Receivables [Abstract] |
Loans | Note 6: Loans Major classifications of loans at the indicated dates are as follows:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Residential mortgage loans: |  |  |  |  |  |
1-4 family first-lien residential mortgages |  | $ | 260,199 |  |  | $ | 257,656 |
Construction |  |  | 2,933 |  |  |  | 5,085 |
Loans held-for-sale |  |  | - |  |  |  | 19 |
Total residential mortgage loans |  |  | 263,132 |  |  |  | 262,760 |
Commercial loans: |  |  |  |  |  |
Real estate |  |  | 350,175 |  |  |  | 345,330 |
Lines of credit |  |  | 81,704 |  |  |  | 82,050 |
Other commercial and industrial |  |  | 84,553 |  |  |  | 77,273 |
Paycheck Protection Program loans |  |  | 192 |  |  |  | 203 |
Tax exempt loans |  |  | 4,200 |  |  |  | 4,280 |
Total commercial loans |  |  | 520,824 |  |  |  | 509,136 |
Consumer loans: |  |  |  |  |  |
Home equity and junior liens |  |  | 34,096 |  |  |  | 34,007 |
Other consumer |  |  | 93,197 |  |  |  | 92,851 |
Total consumer loans |  |  | 127,293 |  |  |  | 126,858 |
Total loans |  |  | 911,249 |  |  |  | 898,754 |
Net deferred loan fees |  |  | (1,095 | ) |  |  | (1,000 | )
Less allowance for credit losses |  |  | 17,869 |  |  |  | 15,319 |
Loans receivable, net |  | $ | 892,285 |  |  | $ | 882,435 |
Although the Bank may sometimes purchase or fund loan participation interests outside of its primary market areas, the Bank generally originates residential mortgage, commercial, and consumer loans largely to customers throughout Oswego and Onondaga counties. Although the Bank has a diversified loan portfolio, a substantial portion of its borrowers’ abilities to honor their loan contracts is dependent upon the counties’ employment and economic conditions. From time to time, the Bank acquires diversified pools of loans, originated by unrelated third parties, as part of the Company’s overall balance sheet management strategies. These acquisitions took place with nine separate transactions that occurred between 2017 and 2019 with an additional six transactions occurring in 2021. The following tables detail the purchased loan pool positions held by the Bank at March 31, 2023 and December 31, 2022 (the month/year of the earliest acquisition date is depicted in parentheses):
(In thousands, except number of loans) |  | March 31, 2023 |
|  | Original Balance |  |  | Current Balance |  |  | Unamortized Premium/ (Discount) |  |  | Number of Loans |  |  | Maturity Range |  | Cumulative net charge-offs |
Automobile loans (1/2017) |  | $ | 50,400 |  |  | $ | 3,400 |  |  | $ | 11 |  |  |  | 467 |  |  | 0-4 years |  | $ | 266 |
Commercial and industrial loans (6/2019) |  |  | 6,800 |  |  |  | 2,000 |  |  |  | - |  |  |  | 21 |  |  | 3-7 years |  |  | - |
Home equity lines of credit (8/2019) |  |  | 21,900 |  |  |  | 5,700 |  |  |  | 178 |  |  |  | 144 |  |  | 1-27 years |  |  | - |
Unsecured consumer loan pool 2 (11/2019) |  |  | 26,600 |  |  |  | 1,200 |  |  |  | 8 |  |  |  | 229 |  |  | 0-2 years |  |  | - |
Residential real estate loans (12/2019) |  |  | 4,300 |  |  |  | 3,700 |  |  |  | 236 |  |  |  | 49 |  |  | 16-22 years |  |  | - |
Unsecured consumer loan pool 1 (12/2019) |  |  | 5,400 |  |  |  | 1,400 |  |  |  | - |  |  |  | 48 |  |  | 1-4 years |  |  | - |
Unsecured consumer installment loans pool 3 (12/2019) |  |  | 10,300 |  |  |  | 770 |  |  |  | 32 |  |  |  | 329 |  |  | 0-9 years |  |  | 63 |
Secured consumer installment loans pool 4 (12/2020) |  |  | 14,500 |  |  |  | 11,200 |  |  |  | (1,418 | ) |  |  | 516 |  |  | 23-24 years |  |  | - |
Unsecured consumer loans pool 5 (1/2021) |  |  | 24,400 |  |  |  | 17,100 |  |  |  | (463 | ) |  |  | 675 |  |  | 8-23 years |  |  | - |
Commercial Line of Credit 1 (3/2021) |  |  | 11,600 |  |  |  | 11,300 |  |  |  | 11 |  |  |  | 1 |  |  | 0-1 year |  |  | - |
Secured consumer installment loans (11/2021) |  |  | 21,300 |  |  |  | 19,200 |  |  |  | (3,159 | ) |  |  | 839 |  |  | 18-25 years |  |  | 50 |
Commercial Line of Credit 2 (11/2021) |  |  | 10,500 |  |  |  | 15,000 |  |  |  | 20 |  |  |  | 1 |  |  | 0-1 year |  |  | - |
Unsecured consumer loans pool 6 (11/2021) |  |  | 22,200 |  |  |  | 19,700 |  |  |  | (2,364 | ) |  |  | 537 |  |  | 8-24 years |  |  | - |
Total |  | $ | 230,200 |  |  | $ | 111,670 |  |  | $ | (6,908 | ) |  |  | 3,856 |  |  |  |  | $ | 379 |
(In thousands, except number of loans) |  | December 31, 2022 |
|  | Original Balance |  |  | Current Balance |  |  | Unamortized Premium/ (Discount) |  |  | Number of Loans |  |  | Maturity Range |  | Cumulative net charge-offs |
Automobile loans (1/2017) |  | $ | 50,400 |  |  | $ | 4,200 |  |  | $ | 128 |  |  |  | 537 |  |  | 0-4 years |  | $ | 247 |
Commercial and industrial loans (6/2019) |  |  | 6,800 |  |  |  | 2,100 |  |  |  | - |  |  |  | 22 |  |  | 3-7 years |  |  | - |
Home equity lines of credit (8/2019) |  |  | 21,900 |  |  |  | 6,000 |  |  |  | 189 |  |  |  | 143 |  |  | 1-27 years |  |  | - |
Unsecured consumer loan pool 2 (11/2019) |  |  | 26,600 |  |  |  | 1,500 |  |  |  | 11 |  |  |  | 320 |  |  | 0-2 years |  |  | - |
Residential real estate loans (12/2019) |  |  | 4,300 |  |  |  | 3,900 |  |  |  | 240 |  |  |  | 49 |  |  | 16-22 years |  |  | - |
Unsecured consumer loan pool 1 (12/2019) |  |  | 5,400 |  |  |  | 1,600 |  |  |  | - |  |  |  | 50 |  |  | 1-4 years |  |  | - |
Unsecured consumer installment loans pool 3 (12/2019) |  |  | 10,300 |  |  |  | 1,000 |  |  |  | 38 |  |  |  | 354 |  |  | 0-9 years |  |  | 63 |
Secured consumer installment loans pool 4 (12/2020) |  |  | 14,500 |  |  |  | 11,300 |  |  |  | (1,484 | ) |  |  | 518 |  |  | 23-24 years |  |  | - |
Unsecured consumer loans pool 5 (1/2021) |  |  | 24,400 |  |  |  | 17,300 |  |  |  | (485 | ) |  |  | 678 |  |  | 8-24 years |  |  | - |
Revolving commercial line of credit 1 (3/2021) |  |  | 11,600 |  |  |  | 11,400 |  |  |  | 14 |  |  |  | 1 |  |  | 0-1 year |  |  | - |
Secured consumer installment loans (11/2021) |  |  | 21,300 |  |  |  | 19,700 |  |  |  | (3,237 | ) |  |  | 850 |  |  | 18-25 years |  |  | - |
Revolving commercial line of credit 2 (11/2021) |  |  | 10,500 |  |  |  | 15,000 |  |  |  | 23 |  |  |  | 1 |  |  | 0-1 year |  |  | - |
Unsecured consumer loans pool 6 (11/2021) |  |  | 22,200 |  |  |  | 20,200 |  |  |  | (2,441 | ) |  |  | 540 |  |  | 8-24 years |  |  | - |
Total |  | $ | 230,200 |  |  | $ | 115,200 |  |  | $ | (7,004 | ) |  |  | 4,063 |  |  |  |  | $ | 310 |
At March 31, 2023 the ACL related to these pools was $2.1 million. As of March 31, 2023 and December 31, 2022, residential mortgage loans with a carrying value of $130.0 million and $110.3 million, respectively, have been pledged by the Company to the Federal Home Loan Bank of New York (“FHLBNY”) under a blanket collateral agreement to secure the Company’s line of credit and term borrowings. Loan Origination / Risk Management The Company’s lending policies and procedures are presented in Note 5 to the audited consolidated financial statements included in the 2022 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2023 and have not changed. As part of the execution of the Company’s overall balance sheet management strategies, the Bank will acquire participating interests in loans originated by unrelated third parties on an occasional basis. The purchase of participations in loans that are originated by third parties only occurs after the completion of thorough pre-acquisition due diligence. Loans in which the Company acquires a participating interest are determined to meet, in all material respects, the Company’s internal underwriting policies, including credit and collateral suitability thresholds, prior to acquisition. In addition, the financial condition of the originating financial institutions, which are generally retained as the ongoing loan servicing provider for participations acquired by the Bank, are analyzed prior to the acquisition of the participating interests and monitored on a regular basis thereafter for the life of those interests. To develop and document a systematic methodology for determining the allowance for credit losses, the Company has divided the loan portfolio into three portfolio segments, each with different risk characteristics but with similar methodologies for assessing risk. Each portfolio segment is broken down into loan classes where appropriate. Loan classes contain unique measurement attributes, risk characteristics, and methods for monitoring and assessing risk that are necessary to develop the allowance for credit losses. Unique characteristics such as borrower type, loan type, collateral type, and risk characteristics define each class. The following table illustrates the portfolio segments and classes for the Company’s loan portfolio:
Portfolio Segment | Class
Residential Mortgage Loans | 1-4 family first-lien residential mortgages
| Construction
Commercial Loans | Real estate
| Lines of credit
| Other commercial and industrial
| Tax exempt loans
Consumer Loans | Home equity and junior liens
| Other consumer
The following tables present the classes of the loan portfolio, summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company's internal risk rating system as of the dates indicated:
|  | Term Loans By Origination Year |  |  |  |  |  | Loans converted |  |  |  |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Loans |  |  | to term loans |  |  | Total |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 11,883 |  |  | $ | 85,601 |  |  | $ | 59,801 |  |  | $ | 30,138 |  |  | $ | 52,830 |  |  | $ | 92,276 |  |  | $ | - |  |  | $ | - |  |  | $ | 332,529 |
Special Mention |  |  | - |  |  |  | 6,852 |  |  |  | 454 |  |  |  | - |  |  |  | - |  |  |  | 1,019 |  |  |  | - |  |  |  | - |  |  |  | 8,325 |
Substandard |  |  | - |  |  |  | 500 |  |  |  | 1,682 |  |  |  | 739 |  |  |  | 396 |  |  |  | 5,646 |  |  |  | - |  |  |  | - |  |  |  | 8,963 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 358 |  |  |  | - |  |  |  | - |  |  |  | 358 |
Total Commercial Real Estate |  |  | 11,883 |  |  |  | 92,953 |  |  |  | 61,937 |  |  |  | 30,877 |  |  |  | 53,226 |  |  |  | 99,299 |  |  |  | - |  |  |  | - |  |  |  | 350,175 |
Commercial Lines of Credit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 42,726 |  |  |  | 34,475 |  |  |  | 77,201 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,328 |  |  |  | 555 |  |  |  | 1,883 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,235 |  |  |  | 1,355 |  |  |  | 2,590 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | 30 |
Total Commercial Lines of Credit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 45,289 |  |  |  | 36,415 |  |  |  | 81,704 |
Other Commercial and Industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 10,190 |  |  |  | 21,029 |  |  |  | 9,163 |  |  |  | 6,714 |  |  |  | 9,845 |  |  |  | 14,291 |  |  |  | 2,513 |  |  |  | - |  |  |  | 73,745 |
Special Mention |  |  | 973 |  |  |  | 135 |  |  |  | 1,651 |  |  |  | 212 |  |  |  | 1,243 |  |  |  | 76 |  |  |  | - |  |  |  | - |  |  |  | 4,290 |
Substandard |  |  | 746 |  |  |  | 1,701 |  |  |  | 513 |  |  |  | 644 |  |  |  | 304 |  |  |  | 2,347 |  |  |  | - |  |  |  | - |  |  |  | 6,255 |
Doubtful |  |  |  |  |  |  |  |  |  |  |  | 263 |  |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | 263 |
Total Other Commercial and Industrial |  |  | 11,909 |  |  |  | 22,865 |  |  |  | 11,327 |  |  |  | 7,833 |  |  |  | 11,392 |  |  |  | 16,714 |  |  |  | 2,513 |  |  |  | - |  |  |  | 84,553 |
Paycheck Protection Program Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 192 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Paycheck Protection Program Loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 192 |
Tax Exempt Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 196 |  |  |  | 6 |  |  |  | 3,998 |  |  |  | - |  |  |  | - |  |  |  | 4,200 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Tax Exempt Loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 196 |  |  |  | 6 |  |  |  | 3,998 |  |  |  | - |  |  |  | - |  |  |  | 4,200 |
|  | Term Loans By Origination Year |  |  |  |  |  | Loans converted |  |  |  |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Loans |  |  | to term loans |  |  | Total |
1-4 family first-lien residential mortgages: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,838 |  |  | $ | 33,954 |  |  | $ | 54,992 |  |  | $ | 43,171 |  |  | $ | 19,320 |  |  | $ | 102,825 |  |  | $ | - |  |  | $ | - |  |  | $ | 257,100 |
Special Mention |  |  |  |  |  |  |  |  | 74 |  |  |  | 281 |  |  |  | 61 |  |  |  | 621 |  |  |  | - |  |  |  | - |  |  |  | 1,037 |
Substandard |  |  |  |  |  |  |  |  |  |  |  | 172 |  |  |  | 223 |  |  |  | 993 |  |  |  | - |  |  |  | - |  |  |  | 1,388 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 154 |  |  |  | - |  |  |  | 520 |  |  |  | - |  |  |  | - |  |  |  | 674 |
Total 1-4 family first-lien residential mortgages |  |  | 2,838 |  |  |  | 33,954 |  |  |  | 55,066 |  |  |  | 43,778 |  |  |  | 19,604 |  |  |  | 104,959 |  |  |  | - |  |  |  | - |  |  |  | 260,199 |
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 938 |  |  |  | 1,995 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,933 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Construction |  |  | 938 |  |  |  | 1,995 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,933 |
Home Equity and Junior Liens: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 6,607 |  |  | $ | 2,247 |  |  | $ | 1,643 |  |  | $ | 1,034 |  |  | $ | 714 |  |  | $ | 2,585 |  |  | $ | 17,598 |  |  | $ | 827 |  |  | $ | 33,255 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 102 |  |  |  | 5 |  |  |  | - |  |  |  | 107 |
Substandard |  |  | - |  |  |  | - |  |  |  | 71 |  |  |  | - |  |  |  | - |  |  |  | 32 |  |  |  | 624 |  |  |  | 7 |  |  |  | 734 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Home Equity and Junior Liens |  |  | 6,607 |  |  |  | 2,247 |  |  |  | 1,714 |  |  |  | 1,034 |  |  |  | 714 |  |  |  | 2,719 |  |  |  | 18,227 |  |  |  | 834 |  |  |  | 34,096 |
Other Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 78,540 |  |  |  | 4,975 |  |  |  | 3,645 |  |  |  | 1,767 |  |  |  | 2,294 |  |  |  | 1,509 |  |  |  | 335 |  |  |  | - |  |  |  | 93,065 |
Special Mention |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | 10 |
Substandard |  |  | - |  |  |  | 48 |  |  |  | 34 |  |  |  | - |  |  |  | 5 |  |  |  | 35 |  |  |  | - |  |  |  | - |  |  |  | 122 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Other Consumer |  |  | 78,540 |  |  |  | 5,029 |  |  |  | 3,679 |  |  |  | 1,767 |  |  |  | 2,299 |  |  |  | 1,548 |  |  |  | 335 |  |  |  | - |  |  |  | 93,197 |
Net Deferred Loan Fees |  |  | (2,758 | ) |  |  | 256 |  |  |  | 317 |  |  |  | 182 |  |  |  | 160 |  |  |  | 748 |  |  |  |  |  |  |  |  |  | (1,095 | )
Total loans |  | $ | 109,957 |  |  | $ | 159,299 |  |  | $ | 134,040 |  |  | $ | 85,859 |  |  | $ | 87,401 |  |  | $ | 229,985 |  |  | $ | 66,364 |  |  | $ | 37,249 |  |  | $ | 910,154 |
Management has reviewed its loan portfolio and determined that, to the best of its knowledge, no material exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of originating these types of loans. Nonaccrual and Past Due Loans Loans are placed on nonaccrual when the contractual payment of principal and interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan may be currently performing. Loans are considered past due if the required principal and interest payments have not been received within thirty days of the payment due date. An aging analysis of past due loans, not including net deferred loan costs, segregated by portfolio segment and class of loans, as of March 31, 2023 and December 31, 2022, are detailed in the following tables:
|  | As of March 31, 2023 |
|  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days |  |  | Total |  |  |  |  |  | Total Loans |
(In thousands) |  | Past Due |  |  | Past Due |  |  | and Over |  |  | Past Due |  |  | Current |  |  | Receivable |
Residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family first-lien residential mortgages |  | $ | 1,522 |  |  | $ | 790 |  |  | $ | 1,196 |  |  | $ | 3,508 |  |  | $ | 256,691 |  |  | $ | 260,199 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | 2,933 |  |  |  | 2,933 |
Loans held-for-sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | - |  |  |  | - |
Total residential mortgage loans |  |  | 1,522 |  |  |  | 790 |  |  |  | 1,196 |  |  |  | 3,508 |  |  |  | 259,624 |  |  |  | 263,132 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 916 |  |  |  | 839 |  |  |  | 6,946 |  |  |  | 8,701 |  |  |  | 341,474 |  |  |  | 350,175 |
Lines of credit |  |  | 462 |  |  |  | 354 |  |  |  | 2,663 |  |  |  | 3,479 |  |  |  | 78,225 |  |  |  | 81,704 |
Other commercial and industrial |  |  | 982 |  |  |  | 159 |  |  |  | 6,062 |  |  |  | 7,203 |  |  |  | 77,350 |  |  |  | 84,553 |
Paycheck Protection Program loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 192 |  |  |  | 192 |
Tax exempt loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,200 |  |  |  | 4,200 |
Total commercial loans |  |  | 2,360 |  |  |  | 1,352 |  |  |  | 15,671 |  |  |  | 19,383 |  |  |  | 501,441 |  |  |  | 520,824 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and junior liens |  |  | 105 |  |  |  | 23 |  |  |  | 161 |  |  |  | 289 |  |  |  | 33,807 |  |  |  | 34,096 |
Other consumer |  |  | 508 |  |  |  | 373 |  |  |  | 1,861 |  |  |  | 2,742 |  |  |  | 90,455 |  |  |  | 93,197 |
Total consumer loans |  |  | 613 |  |  |  | 396 |  |  |  | 2,022 |  |  |  | 3,031 |  |  |  | 124,262 |  |  |  | 127,293 |
Total loans |  | $ | 4,495 |  |  | $ | 2,538 |  |  | $ | 18,889 |  |  | $ | 25,922 |  |  | $ | 885,327 |  |  | $ | 911,249 |
|  | As of December 31, 2022 |
|  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days |  |  | Total |  |  |  |  |  | Total Loans |
(In thousands) |  | Past Due |  |  | Past Due |  |  | and Over |  |  | Past Due |  |  | Current |  |  | Receivable |
Residential mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family first-lien residential mortgages |  | $ | 1,627 |  |  | $ | 620 |  |  | $ | 932 |  |  | $ | 3,179 |  |  | $ | 254,477 |  |  | $ | 257,656 |
Construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,085 |  |  |  | 5,085 |
Loans held-for-sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 19 |  |  |  | 19 |
Total residential mortgage loans |  |  | 1,627 |  |  |  | 620 |  |  |  | 932 |  |  |  | 3,179 |  |  |  | 259,581 |  |  |  | 262,760 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  |  | 4,974 |  |  |  | 854 |  |  |  | 3,499 |  |  |  | 9,327 |  |  |  | 336,003 |  |  |  | 345,330 |
Lines of credit |  |  | 1,280 |  |  |  | 1,584 |  |  |  | 298 |  |  |  | 3,162 |  |  |  | 78,888 |  |  |  | 82,050 |
Other commercial and industrial |  |  | 4,721 |  |  |  | 999 |  |  |  | 1,738 |  |  |  | 7,458 |  |  |  | 69,815 |  |  |  | 77,273 |
Paycheck Protection Program loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 203 |  |  |  | 203 |
Tax exempt loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,280 |  |  |  | 4,280 |
Total commercial loans |  |  | 10,975 |  |  |  | 3,437 |  |  |  | 5,535 |  |  |  | 19,947 |  |  |  | 489,189 |  |  |  | 509,136 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and junior liens |  |  | 23 |  |  |  | 17 |  |  |  | 279 |  |  |  | 319 |  |  |  | 33,688 |  |  |  | 34,007 |
Other consumer |  |  | 391 |  |  |  | 239 |  |  |  | 1,904 |  |  |  | 2,534 |  |  |  | 90,317 |  |  |  | 92,851 |
Total consumer loans |  |  | 414 |  |  |  | 256 |  |  |  | 2,183 |  |  |  | 2,853 |  |  |  | 124,005 |  |  |  | 126,858 |
Total loans |  | $ | 13,016 |  |  | $ | 4,313 |  |  | $ | 8,650 |  |  | $ | 25,979 |  |  | $ | 872,775 |  |  | $ | 898,754 |
Nonaccrual loans, segregated by class of loan, were as follows:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Residential mortgage loans: |  |  |  |  |  |
1-4 family first-lien residential mortgages |  | $ | 1,372 |  |  | $ | 1,112 |
|  |  | 1,372 |  |  |  | 1,112 |
Commercial loans: |  |  |  |  |  |
Real estate |  |  | 6,946 |  |  |  | 3,504 |
Lines of credit |  |  | 6,062 |  |  |  | 332 |
Other commercial and industrial |  |  | 2,693 |  |  |  | 1,884 |
|  |  | 15,701 |  |  |  | 5,720 |
Consumer loans: |  |  |  |  |  |
Home equity and junior liens |  |  | 161 |  |  |  | 279 |
Other consumer |  |  | 1,868 |  |  |  | 1,904 |
Total consumer loans |  |  | 2,029 |  |  |  | 2,183 |
Total nonaccrual loans |  | $ | 19,102 |  |  | $ | 9,015 |
At March 31, 2023, the Bank's 65 nonperforming loans represented 2.1% of total loans, with an aggregate outstanding balance of $19.1 million, as compared to 56 loans with an aggregate outstanding balance of $9.0 million at December 31, 2022. This increase of $10.1 million was the result of the downgrade of two significant loan relationships. The balance of nonaccrual loans related to these two relationships increased to 24 loans, with an aggregate outstanding balance of $13.0 million at March 31, 2023, as compared to five loans with an aggregate outstanding balance of $1.7 million at December 31, 2022. Management is closely monitoring all nonaccrual loans and has incorporated its current estimate of the ultimate collectability of these loans into the reported allowance for credit losses at March 31, 2023. When the Company modifies a loan within a portfolio segment that is individually evaluated for impairment, a potential impairment is analyzed either based on the present value of the expected future cash flows discounted at the interest rate of the original loan terms or the fair value of the collateral less costs to sell. If it is determined that the value of the loan is less than its recorded investment, then impairment is recognized as a component of the provision for credit losses, an associated increase to the allowance for credit losses or as a charge-off to the allowance for credit losses in the current period. Impaired Loans The following table summarizes impaired loan information by portfolio class at December 31, 2022:
|  | December 31, 2022 |
|  |  |  |  | Unpaid |  |  |  |
|  | Recorded |  |  | Principal |  |  | Related |
(In thousands) |  | Investment |  |  | Balance |  |  | Allowance |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
1-4 family first-lien residential mortgages |  | $ | 1,048 |  |  | $ | 1,048 |  |  | $ | - |
Commercial real estate |  |  | 5,283 |  |  |  | 5,386 |  |  |  | - |
Commercial lines of credit |  |  | 2,218 |  |  |  | 2,218 |  |  |  | - |
Other commercial and industrial |  |  | 2,780 |  |  |  | 2,829 |  |  |  | - |
Home equity and junior liens |  |  | 182 |  |  |  | 182 |  |  |  | - |
With an allowance recorded: |  |  |  |  |  |  |  |  |
1-4 family first-lien residential mortgages |  |  | 450 |  |  |  | 450 |  |  |  | 91 |
Commercial real estate |  |  | 2,625 |  |  |  | 2,625 |  |  |  | 346 |
Commercial lines of credit |  |  | 3,059 |  |  |  | 3,066 |  |  |  | 2,957 |
Other commercial and industrial |  |  | 1,998 |  |  |  | 1,998 |  |  |  | 1,285 |
Home equity and junior liens |  |  | 536 |  |  |  | 536 |  |  |  | 114 |
Total: |  |  |  |  |  |  |  |  |
1-4 family first-lien residential mortgages |  |  | 1,498 |  |  |  | 1,498 |  |  |  | 91 |
Commercial real estate |  |  | 7,908 |  |  |  | 8,011 |  |  |  | 346 |
Commercial lines of credit |  |  | 5,277 |  |  |  | 5,284 |  |  |  | 2,957 |
Other commercial and industrial |  |  | 4,778 |  |  |  | 4,827 |  |  |  | 1,285 |
Home equity and junior liens |  |  | 718 |  |  |  | 718 |  |  |  | 114 |
Totals |  | $ | 20,179 |  |  | $ | 20,338 |  |  | $ | 4,793 |
The following table presents the average recorded investment in impaired loans for the periods indicated:
|  | For the three months ended |
|  | March 31, |
(In thousands) |  | 2023 |  |  | 2022 |
1-4 family first-lien residential mortgages |  | $ | 1,494 |  |  | $ | 1,197 |
Commercial real estate |  |  | 9,192 |  |  |  | 7,135 |
Commercial lines of credit |  |  | 3,886 |  |  |  | 151 |
Other commercial and industrial |  |  | 6,516 |  |  |  | 2,198 |
Home equity and junior liens |  |  | 717 |  |  |  | 631 |
Total |  | $ | 21,805 |  |  | $ | 11,312 |
The following table presents the cash basis interest income recognized on impaired loans for the periods indicated:
|  | For the three months ended |
|  | March 31, |
(In thousands) |  | 2023 |  |  | 2022 |
1-4 family first-lien residential mortgages |  | $ | 15 |  |  | $ | 16 |
Commercial real estate |  |  | 59 |  |  |  | 63 |
Commercial lines of credit |  |  | 3 |  |  |  | 2 |
Other commercial and industrial |  |  | 31 |  |  |  | 20 |
Home equity and junior liens |  |  | 13 |  |  |  | 6 |
Total |  | $ | 121 |  |  | $ | 107 |

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration