ALLOWANCE FOR LOAN LOSSES

Schedule of Loan loss by the primary segments

The following tables summarize the loan portfolio and allowance for loan losses by the primary segments of the loan portfolio.

AT DECEMBER 31, 2022

COMMERCIAL LOANS

SECURED BY NON-

REAL ESTATE −

OWNER OCCUPIED

RESIDENTIAL

Loans:

COMMERCIAL

REAL ESTATE

MORTGAGE

CONSUMER

TOTAL

(IN THOUSANDS)

Individually evaluated for impairment

$

1,989

$

1,586

$

—

$

—

$

3,575

Collectively evaluated for impairment

226,589

449,158

297,971

13,473

987,191

Total loans

$

228,578

$

450,744

$

297,971

$

13,473

$

990,766

AT DECEMBER 31, 2022

COMMERCIAL LOANS

ALLOCATION

SECURED BY NON-

REAL ESTATE −

FOR

Allowance

OWNER OCCUPIED

RESIDENTIAL

GENERAL

for loan losses:

COMMERCIAL

REAL ESTATE

MORTGAGE

CONSUMER

RISK

TOTAL

(IN THOUSANDS)

Specific reserve allocation

$

520

$

3

$

—

$

—

$

—

$

523

General reserve allocation

2,133

5,969

1,380

85

653

10,220

Total allowance for loan losses

$

2,653

$

5,972

$

1,380

$

85

$

653

$

10,743


	AT DECEMBER 31, 2021
			COMMERCIAL LOANS
			SECURED BY NON-		REAL ESTATE −
			OWNER OCCUPIED		RESIDENTIAL
Loans:	COMMERCIAL		REAL ESTATE		MORTGAGE		CONSUMER		TOTAL

	(IN THOUSANDS)
Individually evaluated for impairment	$	2,165	$	5	$	—	$	—	$	2,170
Collectively evaluated for impairment		248,972		430,820		287,996		15,096		982,884
Total loans	$	251,137	$	430,825	$	287,996	$	15,096	$	985,054


	AT DECEMBER 31, 2021
			COMMERCIAL LOANS						ALLOCATION
			SECURED BY NON-		REAL ESTATE −				FOR
Allowance			OWNER OCCUPIED		RESIDENTIAL				GENERAL
for loan losses:	COMMERCIAL		REAL ESTATE		MORTGAGE		CONSUMER		RISK		TOTAL

	(IN THOUSANDS)
Specific reserve allocation	$	628	$	5	$	—	$	—	$	—	$	633
General reserve allocation		2,443		6,387		1,590		113		1,232		11,765
Total allowance for loan losses	$	3,071	$	6,392	$	1,590	$	113	$	1,232	$	12,398

Schedule of Investment in impaired loans and related interest income

The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated.


	YEAR ENDED DECEMBER 31,
	2022		2021		2020

	(IN THOUSANDS)
Average impaired balance:
Commercial	$	2,062	$	2,301	$	839
Commercial loans secured by non-owner occupied real estate		805		7		8
Average investment in impaired loans	$	2,867	$	2,308	$	847
Interest income recognized:
Commercial	$	—	$	15	$	38
Commercial loans secured by non-owner occupied real estate		—		—		—
Interest income recognized on a cash basis on impaired loans	$	—	$	15	$	38

Schedule of Residential and consumer portfolio


	AT DECEMBER 31, 2022
			NON-
	PERFORMING		PERFORMING		TOTAL

	(IN THOUSANDS)
Real estate – residential mortgage	$	296,401	$	1,570	$	297,971
Consumer		13,457		16		13,473
Total	$	309,858	$	1,586	$	311,444


	AT DECEMBER 31, 2021
			NON-
	PERFORMING		PERFORMING		TOTAL

	(IN THOUSANDS)
Real estate – residential mortgage	$	286,843	$	1,153	$	287,996
Consumer		15,096		—		15,096
Total	$	301,939	$	1,153	$	303,092