Allowance for Credit Losses and Recorded Investment in Loans

As of and for the three and nine month periods ended September 30, 2023


			Commercial
	Commercial		Real Estate		Residential		Consumer		Total

	(in thousands)
Allowance for credit losses:

Balance, July 1, 2023	$	902	$	1,079	$	2,092	$	208	$	4,281
Provision (credit) for credit loss exposure		(26)		11		(75)		(64)		(154)
Losses charged off		(1)		—		—		(32)		(33)
Recoveries		12		—		—		6		18
Balance, September 30, 2023	$	887	$	1,090	$	2,017	$	118	$	4,112
Balance, January 1, 2023	$	215	$	815	$	816	$	206	$	2,052
Impact of adopting ASC 326		755		388		1,379		(103)		2,419
Provision (credit) for credit loss exposure		(104)		(113)		(178)		95		(300)
Losses charged off		(1)		—		—		(94)		(95)
Recoveries		22		—		—		14		36
Balance, September 30, 2023	$	887	$	1,090	$	2,017	$	118	$	4,112

Allocation:

Ending balance: individually evaluated for credit losses	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively evaluated for credit losses	$	887	$	1,090	$	2,017	$	118	$	4,112
Loans:
Ending balance: individually evaluated for credit losses	$	—	$	24	$	—	$	—	$	24
Ending balance: collectively evaluated for credit losses	$	94,840	$	272,433	$	92,746	$	6,799	$	466,818

Allowance for Loan Losses and Recorded Investment in Loans

As of and for the three and nine month periods ended September 30, 2022


			Commercial
	Commercial		Real Estate		Residential		Consumer		Total

	(In thousands)
Allowance for loan losses:

Balance, July 1, 2022	$	497	$	1,219	$	814	$	123	$	2,653
Provision (credit) charged to expense		(125)		24		(7)		123		15
Losses charged off		(16)		—		(2)		(38)		(56)
Recoveries		—		—		—		7		7
Balance, September 30, 2022	$	356	$	1,243	$	805	$	215	$	2,619
Balance, January 1, 2022	$	1,046	$	1,235	$	1,121	$	271	$	3,673
Provision (credit) charged to expense		(696)		8		(314)		32		(970)
Losses charged off		(16)		—		(2)		(112)		(130)
Recoveries		22		—		—		24		46
Balance, September 30, 2022	$	356	$	1,243	$	805	$	215	$	2,619

Allocation:

Ending balance: individually evaluated for impairment	$	—	$	406	$	—	$	—	$	406
Ending balance: collectively evaluated for impairment	$	356	$	837	$	805	$	215	$	2,213
Loans:
Ending balance: individually evaluated for impairment	$	15	$	3,792	$	—	$	—	$	3,807
Ending balance: collectively evaluated for impairment	$	92,455	$	270,206	$	95,666	$	6,230	$	464,557

Allowance for Loan Losses and Recorded Investment in Loans

As of December 31, 2022


			Commercial
	Commercial		Real Estate		Residential		Consumer		Total

	(In thousands)
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	—	$	—	$	––	$	––	$	—
Ending balance: collectively evaluated for impairment	$	215	$	815	$	816	$	206	$	2,052

Loans:
Ending balance: individually evaluated for impairment	$	—	$	57	$	—	$	—	$	57
Ending balance: collectively evaluated for impairment	$	90,548	$	270,255	$	94,012	$	6,003	$	460,875

Loan Portfolio Aging Analysis

As of September 30, 2023

Loan Portfolio Aging Analysis

As of December 31, 2022


							For the three months ended				For the nine months ended
	As of September 30, 2022						September 30, 2022				September 30, 2022
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Specific		Investment in		Income		Investment in		Income
	Balance		Balance		Allowance		Impaired Loans		Recognized		Impaired Loans		Recognized

	(In thousands)
Loans without a specific valuation allowance:
Commercial	$	15	$	30	$	—	$	30	$	—	$	31	$	1
Commercial real estate		2,839		2,839		—		2,844		—		2,842		—
Residential		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—
		2,854		2,869		—		2,874		—		2,873		—
Loans with a specific valuation allowance:
Commercial		—		—		—		—		—		—		—
Commercial real estate		953		953		406		983		—		983		30
Residential		—		—		—		—		—		—		––
Consumer		––		––		––		––		—		—		—
		953		953		406		983		—		983		30
Total:
Commercial	$	15	$	30	$	—	$	30	$	—	$	31	$	1
Commercial real estate	$	3,792	$	3,792	$	406	$	3,827	$	—	$	3,825	$	30
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer	$	—	$	—	$	—	$	—	$	—	$	—	$	—