Allowance for Credit Losses - Loans

Schedule of loan portfolio and allowance for credit losses

The following tables summarize the loan portfolio and allowance for credit losses (in thousands).

At March 31, 2024

Commercial real estate (owner occupied)

Other commercial and industrial

Commercial real estate (non-owner occupied) - retail

Commercial real estate (non-owner occupied) - multi-family

Other commercial real estate (non-owner occupied)

Residential mortgages

Consumer

Total

Loans:

Individually evaluated

$

185

$

1,678

$

—

$

—

$

12,141

$

524

$

—

$

14,528

Collectively evaluated

87,845

147,127

169,787

109,556

217,433

176,467

102,944

1,011,159

Total loans

$

88,030

$

148,805

$

169,787

$

109,556

$

229,574

$

176,991

$

102,944

$

1,025,687

Allowance for credit losses:

Specific reserve allocation

$

—

$

394

$

—

$

—

$

1,608

$

—

$

—

$

2,002

General reserve allocation

416

2,273

3,606

1,358

3,008

847

1,129

12,637

Total allowance for credit losses

$

416

$

2,667

$

3,606

$

1,358

$

4,616

$

847

$

1,129

$

14,639


	At December 31, 2023
	Commercial real estate (owner occupied)		Other commercial and industrial		Commercial real estate (non-owner occupied) - retail			Commercial real estate (non-owner occupied) - multi-family	Other commercial real estate (non-owner occupied)		Residential mortgages		Consumer		Total
Loans:
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
Allowance for credit losses:
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

Schedule of non performing assets


	At March 31, 2024
	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)	$	185	$	—	$	185	$	—	$	—	$	185
Other commercial and industrial		—		1,678		1,678		79		108		1,865
Commercial real estate (non-owner occupied) - retail		—		—		—		—		—		—
Commercial real estate (non-owner occupied) - multi-family		—		—		—		—		—		—
Other commercial real estate (non-owner occupied)		8,553		—		8,553		—		—		8,553
Residential mortgages		524		180		704		—		15		719
Consumer		—		839		839		—		—		839
Total	$	9,262	$	2,697	$	11,959	$	79	$	123	$	12,161


	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

Schedule of Residential and consumer portfolio


	At March 31, 2024
													Revolving		Revolving
													Loans		Loans
													Amortized		Converted
	Term Loans Amortized Cost Basis by Origination Year												Cost		to
	2024		2023		2022		2021		2020		Prior		Basis		Term		Total

	(In Thousands)
Residential mortgages
Performing	$	2,145	$	14,498	$	11,444	$	60,531	$	43,569	$	44,100	$	—	$	—	$	176,287
Non-performing		—		—		—		—		—		704		—		—		704
Total	$	2,145	$	14,498	$	11,444	$	60,531	$	43,569	$	44,804	$	—	$	—	$	176,991
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer
Performing	$	2,546	$	13,484	$	19,635	$	9,180	$	3,035	$	5,490	$	48,532	$	203	$	102,105
Non-performing		—		15		—		—		68		560		196		—		839
Total	$	2,546	$	13,499	$	19,635	$	9,180	$	3,103	$	6,050	$	48,728	$	203	$	102,944
Current period gross charge-offs	$	—	$	2	$	8	$	10	$	10	$	31	$	—	$	—	$	61
Total by payment performance
Performing	$	4,691	$	27,982	$	31,079	$	69,711	$	46,604	$	49,590	$	48,532	$	203	$	278,392
Non-performing		—		15		—		—		68		1,264		196		—		1,543
Total	$	4,691	$	27,997	$	31,079	$	69,711	$	46,672	$	50,854	$	48,728	$	203	$	279,935
Current period gross charge-offs	$	—	$	2	$	8	$	10	$	10	$	31	$	—	$	—	$	61


	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

Schedule of modifications made to borrowers experiencing financial difficulty

The following tables summarize the amortized cost basis of loans modified to borrowers experiencing financial difficulty during the three months ended March 31, 2024 and 2023 (in thousands).


	Three months ended March 31, 2024
	Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Commercial real estate (owner occupied)	$	185		0.21	%
Total	$	185

	Combination - Term Extension and Payment Delay
	Amortized Cost Basis		% of Total Class of Loans
Other commercial and industrial	$	171		0.11	%
Total	$	171


	Three months ended March 31, 2023
	Term Extension
	Amortized Cost Basis		% of Total Class of Loans
Other commercial and industrial	$	439		0.29	%
Total	$	439


Three months ended March 31, 2024
Term Extension
Loan Type		Financial Effect
Commercial real estate (owner occupied)		Provided a maturity date extension of five years.

Combination - Term Extension and Payment Delay
Loan Type		Financial Effect
Other commercial and industrial		Provided a maturity date extension of nine months and modified seasonal principal and interest payments to interest only until maturity.


Three months ended March 31, 2023
Term Extension
Loan Type		Financial Effect
Other commercial and industrial		Provided five-month expiration date extension on non-accrual line of credit under which availability was eliminated.