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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2023

Allowance For Loan Losses [Abstract]

Schedule of Changes in the Allowance for Loan Losses

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 March 31, 2023
		1-4 family
		first-lien				Residential														Other
		residential				construction				Commercial						Commercial				commercial
(In thousands)		mortgage				mortgage				real estate						lines of credit				and industrial
Allowance for credit losses:
Beginning Balance		$	714			$	-			$	5,881					$	3,990			$	2,944
Adoption of New Accounting Standard			1,396				969				(1,744	)					95				10
Charge-offs			-				-				-						-				(36	)
Recoveries			-				-				-						1				62
Provisions			(173	)			(269	)			1,045						(1,991	)			2,101
Ending balance		$	1,937			$	700			$	5,182					$	2,095			$	5,081


		Tax exempt				Home equity and junior liens				Other consumer						Total
Allowance for credit losses:
Beginning Balance		$	3			$	741			$	1,046						15,319
Adoption of New Accounting Standards			14				(97	)			1,242						1,886
Charge-offs			-				-				(83	)					(119	)
Recoveries			-				-				28						91
Provisions			(2	)			79				(98	)		-			692
Ending balance		$	15			$	723			$	2,135					$	17,869


		For the three months ended March 31, 2022
		1-4 family
		first-lien				Residential												Other
		residential				construction				Commercial				Commercial				commercial
(In thousands)		mortgage				mortgage				real estate				lines of credit				and industrial
Allowance for credit losses:
Beginning Balance		$	872			$	-			$	5,308			$	935			$	2,762
Charge-offs			-				-				-				(17	)			-
Recoveries			-				-				-				-				-
Provisions			(42	)			-				(10	)			143				(25	)
Ending balance		$	830			$	-			$	5,298			$	1,061			$	2,737
Ending balance: related to loans


		Tax exempt				Home equity and junior liens				Other consumer				Unfunded Commitments				Total
Allowance for credit losses:
Beginning Balance		$	3			$	774			$	1,297			$	984			$	12,935
Charge-offs			-				-				(29	)			-				(46	)
Recoveries			-				-				26				-				26
Provisions			1				(98	)			128				5				102
Ending balance		$	4			$	676			$	1,422			$	989			$	13,017

Schedule of Allowance for Loan Losses on Basis of Calculation Methodology

The allocation of the allowance for credit losses summarized on the basis of the Company’s calculation methodology was as follows:


		March 31, 2023
		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		$	63			$	-			$	627			$	1,301			$	3,478
Historical loss rate			1,579				537				2,802				193				963
Qualitative factors			295				163				1,754				601				640
Total		$	1,937			$	700			$	5,183			$	2,095			$	5,081

						Home equity				Other
		Tax exempt				and junior liens				consumer				Total
Specifically reserved		$	-			$	157			$	-			$	5,626
Historical loss rate			4				502				2,095				8,675
Qualitative factors			11				64				40				3,568
Total		$	15			$	723			$	2,135			$	17,869


		March 31, 2022
		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		$	97			$	-			$	352			$	48			$	1,353
Historical loss rate			85				-				2				26				96
Qualitative factors			648				-				4,944				987				1,288
Total		$	830			$	-			$	5,298			$	1,061			$	2,737

						Home equity				Other
		Tax exempt				and junior liens				consumer				Unallocated				Total
Specifically reserved		$	-			$	114			$	-			$	-			$	1,964
Historical loss rate			-				324				1,147				-				1,680
Qualitative factors			4				238				275				-				8,384
Other			-				-				-				989				989
Total		$	4			$	676			$	1,422			$	989			$	13,017