Schedule of loan portfolio and allowance for credit losses

AT DECEMBER 31, 2023

COMMERCIAL

REAL ESTATE

OTHER COMMERCIAL

REAL ESTATE

OTHER COMMERCIAL

(NON-OWNER OCCUPIED) -

REAL ESTATE

RESIDENTIAL

Loans:

(OWNER OCCUPIED)

AND INDUSTRIAL

RETAIL

MULTI-FAMILY

(NON-OWNER OCCUPIED)

MORTGAGES

CONSUMER

TOTAL

(IN THOUSANDS)

Individually evaluated

$

187

$

1,694

$

—

$

—

$

8,780

$

173

$

—

$

10,834

Collectively evaluated

88,960

157,730

161,961

110,008

231,506

174,497

102,775

1,027,437

Total loans

$

89,147

$

159,424

$

161,961

$

110,008

$

240,286

$

174,670

$

102,775

$

1,038,271

AT DECEMBER 31, 2023

COMMERCIAL

REAL ESTATE

OTHER COMMERCIAL

Allowance for

REAL ESTATE

OTHER COMMERCIAL

(NON-OWNER OCCUPIED) -

REAL ESTATE

RESIDENTIAL

credit losses:

(OWNER OCCUPIED)

AND INDUSTRIAL

RETAIL

MULTI-FAMILY

(NON-OWNER OCCUPIED)

MORTGAGES

CONSUMER

TOTAL

(IN THOUSANDS)

Specific reserve allocation

$

—

$

414

$

—

$

—

$

—

$

—

$

—

$

414

General reserve allocation

1,529

2,616

3,488

1,430

3,428

1,021

1,127

14,639

Total allowance for credit losses

$

1,529

$

3,030

$

3,488

$

1,430

$

3,428

$

1,021

$

1,127

$

15,053


	AT DECEMBER 31, 2022
			COMMERCIAL
			REAL ESTATE		RESIDENTIAL
Loans:	COMMERCIAL		(NON-OWNER OCCUPIED)		MORTGAGES		CONSUMER		TOTAL

	(IN THOUSANDS)
Individually evaluated	$	1,989	$	1,586	$	—	$	—	$	3,575
Collectively evaluated		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
Allowance for			REAL ESTATE		RESIDENTIAL				ALLOCATION FOR
credit losses:	COMMERCIAL		(NON-OWNER OCCUPIED)		MORTGAGES		CONSUMER		GENERAL 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 credit losses	$	2,653	$	5,972	$	1,380	$	85	$	653	$	10,743

Schedule of non performing assets


	AT DECEMBER 31, 2023
	NON-ACCRUAL WITH NO ACL		NON-ACCRUAL WITH ACL		TOTAL NON-ACCRUAL		LOANS PAST DUE OVER 90 DAYS STILL ACCRUING		OREO AND REPOSSESSED ASSETS		TOTAL NON-PERFORMING ASSETS
Commercial real estate (owner occupied)	$	187	$	—	$	187	$	—	$	—	$	187
Other commercial and industrial		—		1,694		1,694		211		—		1,905
Commercial real estate (non-owner occupied) - retail		—		—		—		—		—		—
Commercial real estate (non-owner occupied) - multi-family		—		—		—		—		—		—
Other commercial real estate (non-owner occupied)		8,780		—		8,780		—		—		8,780
Residential mortgages		173		545		718		—		15		733
Consumer		—		788		788		—		—		788
Total	$	9,140	$	3,027	$	12,167	$	211	$	15	$	12,393


	AT DECEMBER 31, 2022
Non-accrual loans:
Commercial and industrial	$	1,989
Commercial real estate (non-owner occupied)		1,586
Residential mortgages		1,577
Consumer		9
Total		5,161

Other real estate owned and repossessed assets:
Residential mortgages		38
Consumer		1
Total		39
Total non-performing assets	$	5,200

Schedule of Residential and consumer portfolio


	AT DECEMBER 31, 2023
													REVOLVING		REVOLVING
													LOANS		LOANS
													AMORTIZED		CONVERTED
	TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR												COST		TO
	2023		2022		2021		2020		2019		PRIOR		BASIS		TERM		TOTAL

	(IN THOUSANDS)
Residential mortgages
Performing	$	14,576	$	11,620	$	61,172	$	44,049	$	7,092	$	35,443	$	—	$	—	$	173,952
Non-performing		—		—		—		—		—		718		—		—		718
Total	$	14,576	$	11,620	$	61,172	$	44,049	$	7,092	$	36,161	$	—	$	—	$	174,670
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	54	$	—	$	—	$	54
Consumer
Performing	$	13,890	$	20,430	$	9,782	$	3,190	$	1,169	$	4,515	$	48,344	$	667	$	101,987
Non-performing		15		—		—		73		42		280		157		221		788
Total	$	13,905	$	20,430	$	9,782	$	3,263	$	1,211	$	4,795	$	48,501	$	888	$	102,775
Current period gross charge-offs	$	9	$	35	$	43	$	7	$	8	$	173	$	—	$	—	$	275
Total by payment performance
Performing	$	28,466	$	32,050	$	70,954	$	47,239	$	8,261	$	39,958	$	48,344	$	667	$	275,939
Non-performing		15		—		—		73		42		998		157		221		1,506
Total	$	28,481	$	32,050	$	70,954	$	47,312	$	8,303	$	40,956	$	48,501	$	888	$	277,445
Current period gross charge-offs	$	9	$	35	$	43	$	7	$	8	$	227	$	—	$	—	$	329


	AT DECEMBER 31, 2022
			NON-
	PERFORMING		PERFORMING		TOTAL

	(IN THOUSANDS)
Residential mortgages	$	296,401	$	1,570	$	297,971
Consumer		13,457		16		13,473
Total	$	309,858	$	1,586	$	311,444

Schedule of modifications made to borrowers experiencing financial difficulty

The following table summarizes the amortized cost basis, as of December 31, 2023, of loans modified to borrowers experiencing financial difficulty during the year ended December 31, 2023 (in thousands).


	TERM EXTENSION
	AMORTIZED COST BASIS		% OF TOTAL CLASS OF LOANS
Residential mortgages	$	37		0.02	%
Total	$	37

	COMBINATION - INTEREST RATE REDUCTION AND TERM EXTENSION
	AMORTIZED COST BASIS		% OF TOTAL CLASS OF LOANS
Other commercial real estate (non-owner occupied)	$	6,243		2.60	%
Total	$	6,243


TERM EXTENSION
LOAN TYPE		FINANCIAL EFFECT
Residential mortgages		During the fourth quarter, provided a maturity date extension of approximately 15 years.

COMBINATION - INTEREST RATE REDUCTION AND TERM EXTENSION
LOAN TYPE		FINANCIAL EFFECT
Other commercial real estate (non-owner occupied)		During the second quarter, provided seven months of interest only payments at a reduced rate with the remaining portion of interest, totaling approximately $303,000, being deferred until maturity. Additionally, provided three month maturity date extension. A partial charge-down of $804,000 was recorded on this loan in the fourth quarter.