Cover Page
Cover Page - shares | 6 Months Ended | |
Jun. 30, 2021 | Jul. 29, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | RIVERVIEW FINANCIAL CORPORATION | |
Entity Central Index Key | 0001590799 | |
Current Fiscal Year End Date | --12-31 | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Interactive Data Current | Yes | |
Entity Address, State or Province | PA | |
Entity File Number | 001-38627 | |
Entity Incorporation, State or Country Code | PA | |
Entity Address, Address Line One | 3901 North Front Street | |
Entity Tax Identification Number | 38-3917371 | |
Entity Address, City or Town | Harrisburg | |
Entity Address, Postal Zip Code | 17110 | |
City Area Code | 717 | |
Local Phone Number | 957-2196 | |
Title of 12(b) Security | Common Stock | |
Trading Symbol | RIVE | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 9,361,967 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Assets: | ||
Cash and due from banks | $ 9,849 | $ 13,511 |
Interest-bearing deposits in other banks | 47,659 | 36,270 |
Investment securities available-for-sale | 148,048 | 103,695 |
Loans held for sale | 180 | 4,338 |
Loans, net | 948,740 | 1,139,239 |
Less: allowance for loan losses | 10,867 | 12,200 |
Net loans | 937,873 | 1,127,039 |
Premises and equipment, net | 17,448 | 18,147 |
Accrued interest receivable | 3,532 | 4,216 |
Intangible assets | 1,654 | 1,918 |
Other assets | 48,498 | 48,420 |
Total assets | 1,214,741 | 1,357,554 |
Deposits: | ||
Noninterest-bearing | 183,893 | 173,600 |
Interest-bearing | 860,622 | 841,860 |
Total deposits | 1,044,515 | 1,015,460 |
Long-term debt | 51,956 | 228,765 |
Accrued interest payable | 504 | 1,038 |
Other liabilities | 13,401 | 14,859 |
Total liabilities | 1,110,376 | 1,260,122 |
Stockholders' equity: | ||
Common stock: no par value, authorized 20,000,000 shares; June 30, 2021, issued and outstanding 9,361,967 shares; December 31, 2020, issued and outstanding 9,306,442 shares | 103,058 | 102,662 |
Capital surplus | 292 | 292 |
Retained earnings (accumulated deficit) | 1,383 | (6,457) |
Accumulated other comprehensive income (loss) | (368) | 935 |
Total stockholders' equity | 104,365 | 97,432 |
Total liabilities and stockholders' equity | $ 1,214,741 | $ 1,357,554 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0 | $ 0 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 9,361,967 | 9,306,442 |
Common stock, shares outstanding | 9,361,967 | 9,306,442 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | ||
Interest and fees on loans: | |||||
Taxable | $ 11,529 | $ 10,602 | $ 21,877 | $ 20,384 | |
Tax-exempt | 182 | 236 | 358 | 481 | |
Interest and dividends on investment securities available-for-sale: | |||||
Taxable | 553 | 396 | 1,047 | 931 | |
Tax-exempt | 144 | 68 | 296 | 105 | |
Interest on interest-bearing deposits in other banks | 15 | 12 | 24 | 101 | |
Total interest income | 12,423 | 11,314 | 23,602 | 22,002 | |
Interest expense: | |||||
Interest on deposits | 822 | 1,395 | 1,745 | 3,184 | |
Interest on short-term borrowings | 23 | 28 | |||
Interest on long-term debt | 585 | 225 | 1,231 | 348 | |
Total interest expense | 1,407 | 1,643 | 2,976 | 3,560 | |
Net interest income | 11,016 | 9,671 | 20,626 | 18,442 | |
(Recovery of) provision for loan losses | (735) | 2,012 | (735) | 3,812 | |
Net interest income after (recovery of) provision for loan losses | 11,751 | 7,659 | 21,361 | 14,630 | |
Noninterest income: | |||||
Bank owned life insurance investment income | 196 | 193 | 374 | 386 | |
Net gain on sale of investment securities available-for-sale | 27 | 273 | 815 | ||
Total noninterest income | 3,695 | 2,001 | 6,218 | 4,931 | |
Noninterest expense: | |||||
Salaries and employee benefits expense | 5,494 | 4,985 | 9,961 | 10,041 | |
Net occupancy and equipment expense | 854 | 1,068 | 2,044 | 2,248 | |
Amortization of intangible assets | 132 | 169 | 264 | 339 | |
Goodwill impairment | 24,754 | 24,754 | |||
Net cost (benefit) of operation of other real estate owned | 7 | (22) | (11) | ||
Other expenses | 3,037 | 2,978 | 5,664 | 5,795 | |
Total noninterest expense | 9,524 | 33,954 | 17,911 | 43,166 | |
Income (loss) before income taxes | 5,922 | (24,294) | 9,668 | (23,605) | |
Income tax expense (benefit) | 1,142 | (172) | 1,828 | (116) | |
Net income (loss) | 4,780 | (24,122) | 7,840 | (23,489) | |
Other comprehensive income: | |||||
Unrealized gain (loss) on investment securities available-for-sale | 1,279 | 840 | (1,750) | 1,893 | |
Reclassification adjustment for net gain on sale of investment securities available-for-sale included in net income (loss) | [1] | (27) | (273) | (815) | |
Net change in cash flow hedge | (284) | (38) | 373 | (38) | |
Other comprehensive income (loss) | 968 | 802 | (1,650) | 1,040 | |
Income tax expense (benefit) related to other comprehensive income | 203 | 168 | (347) | 218 | |
Other comprehensive income (loss), net of income taxes | 765 | 634 | (1,303) | 822 | |
Comprehensive income (loss) | $ 5,545 | $ (23,488) | $ 6,537 | $ (22,667) | |
Net income (loss): | |||||
Basic | $ 0.51 | $ (2.61) | $ 0.84 | $ (2.54) | |
Diluted | $ 0.51 | $ (2.61) | $ 0.84 | $ (2.54) | |
Average common shares outstanding: | |||||
Basic | 9,357,153 | 9,249,184 | 9,349,266 | 9,236,314 | |
Diluted | 9,366,651 | 9,249,184 | 9,354,161 | 9,236,314 | |
Service Charges, Fees and Commissions [Member] | |||||
Noninterest income: | |||||
Noninterest income | $ 2,755 | $ 1,011 | $ 4,229 | $ 2,392 | |
Commission and Fees on Fiduciary Activities [Member] | |||||
Noninterest income: | |||||
Noninterest income | 294 | 210 | 554 | 423 | |
Wealth Management Income [Member] | |||||
Noninterest income: | |||||
Noninterest income | 238 | 196 | 452 | 416 | |
Mortgage Banking Income [Member] | |||||
Noninterest income: | |||||
Noninterest income | $ 185 | $ 391 | $ 336 | $ 499 | |
[1] | Represents amounts reclassified out of accumulated other comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income. |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Balance at Dec. 31, 2019 | $ 118,110 | $ 102,206 | $ 112 | $ 16,140 | $ (348) |
Net income | (23,489) | (23,489) | |||
Other comprehensive income, net of income taxes | 822 | 822 | |||
Issuance under ESPP, 401k and Dividend Reinvestment plans | 346 | 346 | |||
Stock based compensation | 49 | 49 | |||
Dividends declared | (1,386) | (1,386) | |||
Balance at Jun. 30, 2020 | 94,452 | 102,552 | 161 | (8,735) | 474 |
Balance at Mar. 31, 2020 | 118,441 | 102,386 | 134 | 16,081 | (160) |
Net income | (24,122) | (24,122) | |||
Other comprehensive income, net of income taxes | 634 | 634 | |||
Issuance under ESPP, 401k and Dividend Reinvestment plans | 166 | 166 | |||
Stock based compensation | 27 | 27 | |||
Dividends declared | (694) | (694) | |||
Balance at Jun. 30, 2020 | 94,452 | 102,552 | 161 | (8,735) | 474 |
Balance at Dec. 31, 2020 | 97,432 | 102,662 | 292 | (6,457) | 935 |
Net income | 7,840 | 7,840 | |||
Other comprehensive income, net of income taxes | (1,303) | (1,303) | |||
Issuance under ESPP, 401k and Dividend Reinvestment plans | 266 | 266 | |||
Stock based compensation | 130 | 130 | |||
Balance at Jun. 30, 2021 | 104,365 | 103,058 | 292 | 1,383 | (368) |
Balance at Mar. 31, 2021 | 98,623 | 102,861 | 292 | (3,397) | (1,133) |
Net income | 4,780 | 4,780 | |||
Other comprehensive income, net of income taxes | 765 | 765 | |||
Issuance under ESPP, 401k and Dividend Reinvestment plans | 132 | 132 | |||
Stock based compensation | 65 | 65 | |||
Balance at Jun. 30, 2021 | $ 104,365 | $ 103,058 | $ 292 | $ 1,383 | $ (368) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended |
Jun. 30, 2020 | Jun. 30, 2020 | |
Statement of Stockholders' Equity [Abstract] | ||
Dividends declared, per share | $ 0.08 | $ 0.15 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 7,840 | $ (23,489) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Depreciation and amortization of premises and equipment | 682 | 640 |
(Recovery of) provision for loan losses | (735) | 3,812 |
Stock based compensation | 130 | 49 |
Net amortization of investment securities available-for-sale | 825 | 312 |
Net benefit of operation of other real estate owned | (22) | (11) |
Net gain on sale of investment securities available-for-sale | (273) | (815) |
Premium on sale of deposits | (1,602) | |
Amortization of purchase adjustment on loans | (58) | (292) |
Amortization of intangible assets | 264 | 339 |
Amortization of assumed discount on long-term debt | 44 | 42 |
Amortization of long-term debt insurance costs | 51 | |
Impairment of goodwill | 24,754 | |
Deferred income taxes | 633 | (465) |
Proceeds from sale of loans originated for sale | 15,241 | 13,557 |
Net gain on sale of loans originated for sale | (336) | (499) |
Loans originated for sale | (10,747) | (17,229) |
Bank owned life insurance investment income | (374) | (386) |
Accrued interest receivable | 684 | 588 |
Other assets | 411 | 1,028 |
Accrued interest payable | (534) | 22 |
Other liabilities | (1,458) | (2,230) |
Net cash provided by (used in) operating activities | 10,666 | (273) |
Investment securities available-for-sale: | ||
Purchases | (74,503) | (14,215) |
Proceeds from repayments | 8,056 | 5,741 |
Proceeds from sales | 19,519 | 27,168 |
Proceeds from the sale of other real estate owned | 225 | 68 |
Net increase in restricted equity securities | (209) | (779) |
Net (increase) decrease in loans | 189,959 | (314,982) |
Purchases of premises and equipment | (145) | (1,456) |
Proceeds from sale of premises and equipment | 162 | |
Premium paid on bank owned life insurance | (22) | (22) |
Net cash provided by (used in) investing activities | 143,042 | (298,477) |
Cash flows from financing activities: | ||
Net increase in deposits | 30,657 | 82,673 |
Repayment of long-term debt | (176,904) | |
Proceeds from long-term debt | 209,997 | |
Issuance under ESPP, 401k and DRP plans | 266 | 346 |
Cash dividends paid | (1,386) | |
Net cash provided by (used in) financing activities | (145,981) | 291,630 |
Net increase (decrease) in cash and cash equivalents | 7,727 | (7,120) |
Cash and cash equivalents—beginning | 49,781 | 50,348 |
Cash and cash equivalents—ending | 57,508 | 43,228 |
Cash paid during the period for: | ||
Interest | 3,510 | 3,538 |
Federal income taxes | 500 | |
Supplemental schedule of noncash investing and financing activities: | ||
Other real estate acquired in settlement of loans | $ 338 | |
Transfer of deposits in sale | $ 42,191 |
Summary of significant accounti
Summary of significant accounting policies | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Summary of significant accounting policies | 1. Summary of significant accounting policies: Nature of Operations Riverview Financial Corporation, (the “Company” or “Riverview”), a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Riverview Bank (the “Bank”). Riverview Bank, with 23 full-service offices and three (3) limited purpose offices, is a full service commercial bank offering a wide range of traditional banking services and financial advisory, insurance and investment services to individuals, municipalities, and small-to-medium Basis of presentation: The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP’) for interim financial information and with the instructions to Form 10-Q Regulation S-X. Form 10-K, The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided. Actual results could differ from those estimates. The operating results and financial position of the Company for the three and six months ended as of June 30, 2021, are not necessarily indicative of the results of operations and financial position that may be expected in the future. This is especially true given the outbreak of the Coronavirus (“COVID-19”) The impact of the pandemic on Riverview’s financial results is evolving and uncertain. Net interest income and non-interest COVID-19. COVID-19 Accounting Standards Adopted in 2021 In August 2018, the FASB issued ASU No. 2018-14, 715-20) 715-20 In December 2019, the FASB issued ASU No. 2019-12, No. 2019-12 Recent Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, 2016-13 requires No. 2016-13 available-for-sale 2018-19—Codification 326-20. No. 2019-05 No. 2016-13 2016-13, 326-20 825-10. held-to-maturity instrument-by-instrument No. 2019-11, 805-20. day-one one-time In March 2020, the FASB issued ASU No. 2020-04, 2020-04 2020-04 2020-04 2020-04 2021-01, 2021-01 2021-01 2021-01 |
Other comprehensive income (los
Other comprehensive income (loss) | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
Other comprehensive income (loss) | 2. Other comprehensive income (loss): The components of other comprehensive income (loss) and their related tax effects are reported in the Consolidated Statements of Income and Comprehensive Income (Loss). The accumulated other comprehensive income (loss) included in the Consolidated Balance Sheets relates to net unrealized gains and losses on investment securities available-for-sale The components of accumulated other comprehensive income (loss) included in stockholders’ equity at June 30, 2021 and December 31, 2020 is as follows: June 30, December 31, Net unrealized gain (loss) on investment securities available-for-sale $ (61 ) $ 1,962 Income tax expense (benefit) (13 ) 412 Net of income (loss) taxes (48 ) 1,550 Benefit plan adjustments (951 ) (951 ) Income tax benefit (200 ) (200 ) Net of income taxes (751 ) (751 ) Derivative fair value adjustment 545 172 Income tax benefit 114 36 Net of income taxes 431 136 Accumulated other comprehensive income (loss) $ (368 ) $ 935 Other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2021 and 2020 is as follows: Three months ended June 30, 2021 2020 Unrealized gain (loss) on investment securities available-for-sale $ 1,279 $ 840 Net (gain) loss on the sale of investment securities available-for-sale (1) (27 ) Net change in derivative fair value (284 ) (38 ) Other comprehensive income before taxes 968 802 Income tax expense 203 168 Other comprehensive income $ 765 $ 634 Six months ended June 30, 2021 2020 Unrealized gain (loss) on investment securities available-for-sale $ (1,750 ) $ 1,893 Net (gain) loss on the sale of investment securities available-for-sale (1) (273 ) (815 ) Net change in derivative fair value 373 (38 ) Other comprehensive income (loss) before taxes (1,650 ) 1,040 Income tax expense (347 ) 218 Other comprehensive income (loss) $ (1,303 ) $ 822 (1) Represents amounts reclassified out of accumulated other comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income. |
Earnings per share
Earnings per share | 6 Months Ended |
Jun. 30, 2021 | |
Earnings Per Share [Abstract] | |
Earnings per share | 3. Earnings per share: Basic earnings per share is computed by dividing net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. The following table provides a reconciliation between the computation of basic earnings per share and diluted earnings per share for the three and six months ended June 30, 2021 and 2020: Three months ended June 30, 2021 2020 Numerator: Net income (loss) $ 4,780 $ (24,122 ) Denominator: Basic 9,357,153 9,249,184 Dilutive options 9,498 Diluted 9,366,651 9,249,184 Earnings per share: Basic $ 0.51 $ (2.61 ) Diluted $ 0.51 $ (2.61 ) Six months ended June 30, 2021 2020 Numerator: Net income (loss) $ 7,840 $ (23,489 ) Denominator: Basic 9,349,266 9,236,314 Dilutive options 4,895 Diluted 9,354,161 9,236,314 Earnings per share: Basic $ 0.84 $ (2.54 ) Diluted $ 0.84 $ (2.54 ) For the three and six months ended June 30, 2021 there were 37,200 and 93,935 outstanding stock options, respectively, that were excluded from the dilutive earnings per share calculation because their effect was antidilutive. For the three and six months ended June 30, 2020 there were 172,964 outstanding stock options that were excluded from the dilutive earnings per share calculation because their effect was antidilutive. |
Investment securities
Investment securities | 6 Months Ended |
Jun. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment securities | 4. Investment securities: The amortized cost and fair value of investment securities available-for-sale June 30, 2021 Amortized Gross Gross Fair U.S. Treasury securities $ 9,810 $ $ 121 $ 9,689 State and municipals: Taxable 23,260 311 358 23,213 Tax-exempt 44,398 90 601 43,887 Mortgage-backed securities: U.S. Government agencies 37,593 678 181 38,090 U.S. Government-sponsored enterprises 17,798 204 57 17,945 Corporate debt obligations 15,250 82 108 15,224 Total $ 148,109 $ 1,365 $ 1,426 $ 148,048 December 31, 2020 Amortized Gross Gross Fair State and municipals: Taxable $ 22,317 $ 400 $ 143 $ 22,574 Tax-exempt 17,988 423 16 18,395 Mortgage-backed securities: U.S. Government agencies 26,051 940 26,991 U.S. Government-sponsored enterprises 24,627 442 17 25,052 Corporate debt obligations 10,750 56 123 10,683 Total $ 101,733 $ 2,261 $ 299 $ 103,695 The maturity distribution of the fair value, which is the net carrying amount, of the debt securities classified as available-for-sale June 30, 2021 Fair Within one year $ 55 After one but within five years 1,244 After five but within ten years 30,714 After ten years 60,000 92,013 Mortgage-backed securities 56,035 Total $ 148,048 Securities with a fair value of $97,577 and $71,676 at June 30, 2021 and December 31, 2020, respectively, were pledged to secure public deposits as required or permitted by law. Securities and short-term investment activities are conducted with a diverse group of government entities, corporations and state and local municipalities. The counterparty’s creditworthiness and type of collateral is evaluated on a case-by-case The fair value and gross unrealized losses of investment securities with unrealized losses for which an other-than-temporary impairment (“OTTI”) has not been recognized at June 30, 2021 and December 31, 2020, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than 12 Months 12 Months or More Total June 30, 2021 Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury securities $ 9,689 $ 121 $ 9,689 $ 121 State and municipals: Taxable 14,258 358 14,258 358 Tax-exempt 34,972 601 34,972 601 Mortgage-backed securities: U.S. Government agencies 14,127 181 14,127 181 U.S. Government-sponsored enterprises 5,373 57 5,373 57 Corporate debt obligations 10,142 108 10,142 108 Total $ 88,561 $ 1,426 $ 88,561 $ 1,426 Less Than 12 Months 12 Months or More Total December 31, 2020 Fair Unrealized Fair Unrealized Fair Unrealized State and municipals: Taxable $ 11,586 $ 143 $ $ $ 11,586 $ 143 Tax-exempt 1,737 16 1,737 16 Mortgage-backed securities: U.S. Government agencies 5,960 17 5,960 17 U.S. Government-sponsored enterprises Corporate debt obligations 3,378 123 3,378 123 Total $ 19,283 $ 176 $ 3,378 $ 123 $ 22,661 $ 299 The Company had 62 investment securities, consisting of one U.S. Treasury securities, 12 taxable state and municipal obligations, 33 tax-exempt The Company had 16 investment securities, consisting of nine taxable state municipal obligations, three tax-exempt |
Loans, net, and allowance for l
Loans, net, and allowance for loan losses | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
Loans, net, and allowance for loan losses | 5. Loans, net, and allowance for loan losses: The major classifications of loans outstanding, net of deferred loan origination fees and costs at June 30, 2021 and December 31, 2020 are summarized as follows. Net deferred loan costs were $745 at June 30, 2021 and net deferred loan costs were $701 at December 31, 2020. June 30, December 31, Commercial $ 197,287 $ 359,080 Real estate: Construction 55,500 73,402 Commercial 502,471 502,495 Residential 187,479 197,596 Consumer 6,003 6,666 Total $ 948,740 $ 1,139,239 The Company participated in the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), Paycheck Protection Program (“PPP”), a multi-billion dollar specialized low-interest The change in the allowance for loan losses account by major loan classifications for the three and six months ended June 30, 2021 and 2020 is summarized as follows: Real Estate June 30, 2021 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, April 1, 2021 $ 1,393 $ 1,134 $ 6,793 $ 2,236 $ 127 $ 457 $ 12,140 Charge-offs (201 ) (373 ) (37 ) (611 ) Recoveries 57 2 14 73 Provisions 167 (381 ) (57 ) (378 ) 7 (93 ) (735 ) Ending balance $ 1,416 $ 753 $ 6,365 $ 1,858 $ 111 $ 364 $ 10,867 Real Estate Real June 30, 2021 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, January 1, 2021 $ 1,705 $ 1,117 $ 6,494 $ 2,427 $ 142 $ 315 $ 12,200 Charge-offs (210 ) (37 ) (373 ) (85 ) (705 ) Recoveries 57 3 2 45 107 Provisions (136 ) (327 ) 241 (571 ) 9 49 (735 ) Ending balance $ 1,416 $ 753 $ 6,365 $ 1,858 $ 111 $ 364 $ 10,867 Real Estate June 30, 2020 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, April 1, 2020 $ 1,671 $ 695 $ 3,917 $ 1,713 $ 152 $ 103 $ 8,251 Charge-offs (501 ) (2 ) (71 ) (574 ) Recoveries 7 2 1 37 47 Provisions 7 46 1,660 358 44 (103 ) 2,012 Ending balance $ 1,685 $ 741 $ 5,078 $ 2,070 $ 162 $ $ 9,736 Real Estate June 30, 2020 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, January 1, 2020 $ 1,953 $ 473 $ 3,115 $ 1,820 $ 155 $ $ 7,516 Charge-offs (899 ) (595 ) (2 ) (201 ) (1,697 ) Recoveries 9 2 1 93 105 Provisions 622 268 2,556 251 115 3,812 Ending balance $ 1,685 $ 741 $ 5,078 $ 2,070 $ 162 $ $ 9,736 The allocation of the allowance for loan losses and related loans by classifications of loans at June 30, 2021 and December 31, 2020 is summarized as follows: Real Estate June 30, 2021 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,416 $ 753 $ 6,365 $ 1,858 $ 111 $ 364 $ 10,867 Ending balance: individually evaluated for impairment 95 95 Ending balance: collectively evaluated for 1,416 753 6,270 1,858 111 364 10,772 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loans receivable: Ending balance $ 197,287 $ 55,500 $ 502,471 $ 187,479 $ 6,003 $ $ 948,740 Ending balance: individually evaluated for impairment 974 957 6,284 2,355 10,570 Ending balance: collectively evaluated for impairment 196,313 54,543 495,870 184,978 6,003 937,707 Ending balance: purchased credit impaired loans $ $ $ 317 $ 146 $ $ $ 463 Real Estate December 31, 2020 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,705 $ 1,117 $ 6,494 $ 2,427 $ 142 $ 315 $ 12,200 Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment 1,705 1,117 6,494 2,427 142 315 12,200 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loan’s receivable: Ending balance $ 359,080 $ 73,402 $ 502,495 $ 197,596 $ 6,666 $ $ 1,139,239 Ending balance: individually evaluated for impairment 1,565 6,444 2,494 10,503 Ending balance: collectively evaluated for impairment 357,515 73,402 495,674 194,939 6,666 1,128,196 Ending balance: purchased credit impaired loans $ $ $ 377 $ 163 $ $ $ 540 The Company segments loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Non-homogeneous • Pass—A loan to borrowers with acceptable credit quality and risk that is not adversely classified as Substandard, Doubtful, Loss or designated as Special Mention. • Special Mention—A loan that has potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Special Mention loans are not adversely classified since they do not expose the Company to sufficient risk to warrant adverse classification. • Substandard—A loan that is inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. • Doubtful—A loan classified as Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make the collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. • Loss—A loan classified as Loss is considered uncollectible and of such little value that its continuance as a bankable loan is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may occur in the future. Homogeneous loans not meeting the criteria above are considered pass rated loans and evaluated based on delinquency performance. The following tables present the major classifications of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at June 30, 2021 and December 31, 2020: June 30, 2021 Pass Special Substandard Doubtful Total Commercial $ 193,190 $ 2,763 $ 1,334 $ $ 197,287 Real estate: Construction 47,732 7,768 55,500 Commercial 450,523 26,162 25,786 502,471 Residential 183,751 1,122 2,606 187,479 Consumer 6,003 6,003 Total $ 881,199 $ 30,047 $ 37,494 $ $ 948,740 December 31, 2020 Pass Special Substandard Doubtful Total Commercial $ 353,758 $ 3,147 $ 2,175 $ $ 359,080 Real estate: Construction 63,838 1,817 7,747 73,402 Commercial 451,190 29,180 22,125 502,495 Residential 191,775 2,670 3,151 197,596 Consumer 6,666 6,666 Total $ 1,067,227 $ 36,814 $ 35,198 $ $ 1,139,239 The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of June 30, 2021 and December 31, 2020. Purchase credit impaired (“PCI”) loans are excluded from the aging and nonaccrual loan schedules. Accrual Loans June 30, 2021 30-59 Days 60-89 Days 90 or More Total Past Current Nonaccrual Total Loans Commercial $ 82 $ 15 $ $ 97 $ 196,856 $ 334 $ 197,287 Real estate: Construction 54,543 957 55,500 Commercial 92 283 375 501,592 187 502,154 Residential 598 275 87 960 185,455 918 187,333 Consumer 24 7 4 35 5,968 6,003 Total $ 796 $ 580 $ 91 $ 1,467 $ 944,414 $ 2,396 $ 948,277 Purchased credit impaired loans 463 Total Loans $ 948,740 Accrual Loans December 31, 2020 30-59 Days 60-89 Days 90 or More Total Past Current Nonaccrual Total Loans Commercial $ 64 $ 1 $ $ 65 $ 358,496 $ 519 $ 359,080 Real estate: Construction 73,402 73,402 Commercial 1,238 4,063 5,301 496,785 32 502,118 Residential 2,125 2,993 146 5,264 191,299 870 197,433 Consumer 22 20 10 52 6,614 6,666 Total $ 3,449 $ 7,077 $ 156 $ 10,682 $ 1,126,596 $ 1,421 $ 1,138,699 Purchased credit impaired loans 540 Total Loans $ 1,139,239 The following tables summarize information concerning impaired loans as of and for the three and six months ended June 30, 2021 and 2020, and as of and for the year ended, December 31, 2020 by major loan classification: This Quarter Year-to-Date June 30, 2021 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 974 $ 974 $ 1,326 $ 9 $ 1,473 $ 50 Real estate: Construction 957 957 964 726 Commercial 671 671 793 8 2,322 42 Residential 2,501 2,631 2,521 29 2,560 62 Consumer Total 5,103 5,233 5,604 46 7,081 154 With an allowance recorded: Commercial Real estate: Construction Commercial 5,930 5,930 $ 95 5,950 95 4,476 143 Residential Consumer Total 5,930 5,930 95 5,950 95 4,476 143 Commercial 974 974 1,326 9 1,473 50 Real estate: Construction 957 957 964 726 Commercial 6,601 6,601 95 6,743 103 6,798 185 Residential 2,501 2,631 2,521 29 2,560 62 Consumer Total $ 11,033 $ 11,163 $ 95 $ 11,554 $ 141 $ 11,557 $ 297 Recorded Unpaid Related For the Year Ended December 31, 2020 Average Interest With no related allowance: Commercial $ 1,565 $ 1,675 $ 1,356 $ 416 Real estate: Construction Commercial 6,821 6,821 4,392 311 Residential 2,657 2,787 2,493 146 Consumer Total 11,043 11,283 8,241 873 With an allowance recorded: Commercial 561 Real estate: Construction Commercial 391 65 Residential Consumer Total 952 65 Commercial 1,565 1,675 1,917 416 Real estate: Construction Commercial 6,821 6,821 4,783 376 Residential 2,657 2,787 2,493 146 Consumer Total $ 11,043 $ 11,283 $ 9,193 $ 938 This Quarter Year-to-Date June 30, 2020 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 2,059 $ 2,169 $ $ 1,579 $ 132 $ 1,603 $ 200 Real estate: Construction Commercial 9,158 9,659 5,854 19 5,561 66 Residential 2,748 2,878 2,520 81 2,539 106 Consumer Total 13,965 14,706 9,953 232 9,703 372 With an allowance recorded: Commercial 121 121 29 121 621 Real estate: Construction Commercial 184 391 4 Residential Consumer Total 121 121 29 305 1,012 4 Commercial 2,180 2,290 29 1,700 132 2,224 200 Real estate: Construction Commercial 9,158 9,659 6,038 19 5,952 70 Residential 2,748 2,878 2,520 81 2,539 106 Consumer Total $ 14,086 $ 14,827 $ 29 $ 10,258 $ 232 $ 10,715 $ 376 For the three and six months ended June 30, interest income related to impaired loans, would have been $21 and $49 in 2021 and $35 and $56 in 2020 had the loans been current and the terms of the loans not been modified. Troubled debt restructured loans are loans with original terms, interest rate, or both, that have been modified as a result of a deterioration in the borrower’s financial condition and a concession has been granted that the Company would not otherwise consider. Unless on nonaccrual, interest income on these loans is recognized when earned, using the interest method. The Company offers a variety of modifications to borrowers that would be considered concessions. The modification categories offered generally fall within the following categories: • Rate Modification—A modification in which the interest rate is changed to a below market rate. • Term Modification—A modification in which the maturity date, timing of payments or frequency of payments is changed. • Interest Only Modification—A modification in which the loan is converted to interest only payments for a period of time. • Payment Modification—A modification in which the dollar amount of the payment is changed, other than an interest only modification described above. • Combination Modification—Any other type of modification, including the use of multiple categories above. Included in the commercial loan and commercial and residential real estate categories are troubled debt restructures that are classified as impaired. Troubled debt restructures totaled $9,295 at June 30, 2021, $9,985 at December 31, 2020 and $9,988 at June 30, 2020. There were no loans modified as troubled debt restructures during the three and six months ended June 30, 2021. There were nine loans modified as troubled debt restructures during the second quarter of 2020 and nine loans modified during the six months ended June 30, 2020 totaling $7,817. During the three and six months ended June 30, 2021, there were no defaults on restructured loans. During the three months ended June 30, 2020, there were no defaults on loans restructured and one default on a restructured loan totaling $368 during the six months ended June 30, 2020. The Company is a party to financial instruments with off-balance Distribution of off-balance June 30, December 31, Unused portions of lines of credit $ 102,141 $ 92,848 Construction loans 14,320 24,751 Commitments to extend credit 12,797 10,275 Deposit overdraft protection 18,031 18,117 Standby and performance letters of credit 7,274 6,577 Total $ 154,563 $ 152,568 The Company’s exposure to credit loss in the event of nonperformance by the other party to the off-balance on-balance off-balance off-balance |
Other assets
Other assets | 6 Months Ended |
Jun. 30, 2021 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other assets | 6. Other assets: The components of other assets at June 30, 2021 and December 31, 2020 are summarized as follows: June 30, December 31, Other real estate owned $ 219 $ 422 Bank owned life insurance 31,821 31,425 Restricted equity securities 1,968 1,759 Deferred tax assets 3,621 3,907 Lease right-of-use 1,598 2,278 Other assets 9,271 8,629 Total $ 48,498 $ 48,420 |
Fair value estimates
Fair value estimates | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair value estimates | 7. Fair value estimates: The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosure under GAAP. Fair value estimates are calculated without attempting to estimate the value of anticipated future business and the value of certain assets and liabilities that are not considered financial. Accordingly, such assets and liabilities are excluded from disclosure requirements. In accordance with FASB ASC 820, “Fair Value Measurements and Disclosures”, fair value is the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets. In many cases, these values cannot be realized in immediate settlement of the instrument. Current fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction that is not a forced liquidation or distressed sale between participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with GAAP, the Company groups its assets and liabilities generally measured at fair value into three levels based on market information or other fair value estimates in which the assets and liabilities are traded or valued, and the reliability of the assumptions used to determine fair value. These levels include: • Level 1: Unadjusted quoted prices of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. An asset’s or liability’s placement in the fair value hierarchy is based on the lowest level of input that is significant to the fair value estimate. The following methods and assumptions were used by the Company to calculate fair values and related carrying amounts of assets and liabilities measured at fair value on a recurring basis: Investment securities: Interest rate swap hedges Assets and liabilities measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020 are summarized as follows: Fair Value Measurement Using June 30, 2021 Amount Quoted Prices in Significant Significant U.S. Treasury securities $ 9,689 $ 9,689 $ State and Municipals: Taxable 23,213 23,213 Tax-exempt 43,887 43,887 Mortgage-backed securities: U.S. Government agencies 38,090 38,090 U.S. Government-sponsored enterprises 17,945 17,945 Corporate debt obligations 15,224 15,224 Total $ 148,048 $ 9,689 $ 138,359 Interest rate swap hedge $ 545 $ 545 December 31, 2020 Fair Value Measurement Using Amount Quoted Prices in Significant Significant State and municipals: Taxable $ 22,574 $ 22,574 Tax-exempt 18,395 18,395 Mortgage-backed securities: U.S. Government agencies 26,991 26,991 U.S. Government-sponsored enterprises 25,052 25,052 Corporate debt obligations 10,683 10,683 Total $ 103,695 $ 103,695 Interest rate swap hedge $ 172 $ 172 Other real estate owned charge-off. in value are reported as adjustments to the carrying amount and are recorded in noninterest expense. The carrying value of other real estate owned is not re-measured Impaired loans Assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2021 and December 31, 2020 are summarized as follows: Fair Value Measurement Using June 30, 2021 Amount (Level 1) (Level 2) (Level 3) Other real estate owned $ 219 $ 219 Impaired loans, net of related allowance 5,835 5,835 Total $ 6,054 $ 6,054 December 31, 2020 Fair Value Measurement Using Amount (Level 1) (Level 2) (Level 3) Other real estate owned $ 422 $ 422 Total $ 422 $ 422 The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company utilized Level 3 inputs to determine fair value at June 30, 2021 and December 31, 2020. Quantitative Information about Level 3 Fair Value Measurements June 30, 2021 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $219 Appraisal of collateral Appraisal adjustments 0.0% to 3.0% (3.0%) Liquidation expenses 10.0% to 10.0% (10.0%) Impaired loans 5,835 Appraisal of collateral Appraisal adjustments 0.0% to 0.0% (0.0%) Liquidation expenses 7.0% to 7.0% (7.0%) Quantitative Information about Level 3 Fair Value Measurements December 31, 2020 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $422 Appraisal of collateral Appraisal adjustments 20.0% to 14.0% (8.4%) Liquidation expenses 10.0% to 10.0% (10.0%) The carrying and fair values of the Company’s financial instruments at June 30, 2021 and December 31, 2020 and their placement within the fair value hierarchy are as follows: Carrying Fair Value Hierarchy June 30, 2021 Fair Value Quoted Prices in Significant Significant Financial assets: Cash and cash equivalents $ 57,508 $ 57,508 $ 57,508 Investment securities 148,048 148,048 9,689 $ 138,359 Loans held for sale 180 180 180 Net loan s 937,873 921,600 $ 921,600 Accrued interest receivable 3,532 3,532 911 2,621 Restricted equity securities 1,968 1,968 Interest rate swap hedges 545 545 545 Financial liabilities: Deposits $ 1,044,515 $ 1,046,218 $ 1,046,218 Long-term debt 51,956 54,970 54,970 Accrued interest payable 504 504 504 Carrying Fair Value Hierarchy December 31, 2020 Fair Value Quoted Prices in Significant Significant Financial assets: Cash and cash equivalents $ 49,781 $ 49,781 $ 49,781 Investment securities available-for-sale 103,695 103,695 $ 103,695 Loans held for sale 4,338 4,338 4,338 Net loan s 1,127,039 1,116,618 $ 1,116,618 Accrued interest receivable 4,216 4,216 578 3,638 Restricted equity securities 1,759 1,759 Interest rate swap hedges 172 172 172 Financial liabilities: Deposits $ 1,015,460 $ 1,018,529 $ 1,018,529 Long-term debt 228,765 231,748 231,748 Accrued interest payable 1,038 1,038 1,038 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | 8. Subsequent Events: In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred from the date of the financial statements through the date these consolidated financial statements were issued. On June 30, 2021, Riverview entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Mid Penn Bancorp, Inc. (“Mid Penn”) pursuant to which Riverview will merge with and into Mid Penn (the “Merger”), with Mid Penn being the surviving corporation in the Merger. Upon consummation of the Merger, Riverview Bank, a wholly-owned subsidiary of Riverview, will be merged with and into Mid Penn Bank, a wholly-owned subsidiary of Mid Penn, with Mid Penn Bank being the surviving bank in the Bank Merger. The Merger Agreement was unanimously approved by the boards of directors of Mid Penn and Riverview. The Merger is expected to close in the fourth quarter of 2021. |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Nature of Operations | Nature of Operations Riverview Financial Corporation, (the “Company” or “Riverview”), a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Riverview Bank (the “Bank”). Riverview Bank, with 23 full-service offices and three (3) limited purpose offices, is a full service commercial bank offering a wide range of traditional banking services and financial advisory, insurance and investment services to individuals, municipalities, and small-to-medium |
Basis of presentation | Basis of presentation: The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP’) for interim financial information and with the instructions to Form 10-Q Regulation S-X. Form 10-K, The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided. Actual results could differ from those estimates. The operating results and financial position of the Company for the three and six months ended as of June 30, 2021, are not necessarily indicative of the results of operations and financial position that may be expected in the future. This is especially true given the outbreak of the Coronavirus (“COVID-19”) The impact of the pandemic on Riverview’s financial results is evolving and uncertain. Net interest income and non-interest COVID-19. COVID-19 |
Recent Accounting Standards | Accounting Standards Adopted in 2021 In August 2018, the FASB issued ASU No. 2018-14, 715-20) 715-20 In December 2019, the FASB issued ASU No. 2019-12, No. 2019-12 Recent Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, 2016-13 requires No. 2016-13 available-for-sale 2018-19—Codification 326-20. No. 2019-05 No. 2016-13 2016-13, 326-20 825-10. held-to-maturity instrument-by-instrument No. 2019-11, 805-20. day-one one-time In March 2020, the FASB issued ASU No. 2020-04, 2020-04 2020-04 2020-04 2020-04 2021-01, 2021-01 2021-01 2021-01 |
Other comprehensive income (l_2
Other comprehensive income (loss) (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
Summary of Components of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) included in stockholders’ equity at June 30, 2021 and December 31, 2020 is as follows: June 30, December 31, Net unrealized gain (loss) on investment securities available-for-sale $ (61 ) $ 1,962 Income tax expense (benefit) (13 ) 412 Net of income (loss) taxes (48 ) 1,550 Benefit plan adjustments (951 ) (951 ) Income tax benefit (200 ) (200 ) Net of income taxes (751 ) (751 ) Derivative fair value adjustment 545 172 Income tax benefit 114 36 Net of income taxes 431 136 Accumulated other comprehensive income (loss) $ (368 ) $ 935 |
Schedule of Other Comprehensive Income (Loss) and Related Tax Effects | Other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2021 and 2020 is as follows: Three months ended June 30, 2021 2020 Unrealized gain (loss) on investment securities available-for-sale $ 1,279 $ 840 Net (gain) loss on the sale of investment securities available-for-sale (1) (27 ) Net change in derivative fair value (284 ) (38 ) Other comprehensive income before taxes 968 802 Income tax expense 203 168 Other comprehensive income $ 765 $ 634 Six months ended June 30, 2021 2020 Unrealized gain (loss) on investment securities available-for-sale $ (1,750 ) $ 1,893 Net (gain) loss on the sale of investment securities available-for-sale (1) (273 ) (815 ) Net change in derivative fair value 373 (38 ) Other comprehensive income (loss) before taxes (1,650 ) 1,040 Income tax expense (347 ) 218 Other comprehensive income (loss) $ (1,303 ) $ 822 (1) Represents amounts reclassified out of accumulated other comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income. |
Earnings per share (Tables)
Earnings per share (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Earnings Per Share [Abstract] | |
Computation of Earnings per Share | The following table provides a reconciliation between the computation of basic earnings per share and diluted earnings per share for the three and six months ended June 30, 2021 and 2020: Three months ended June 30, 2021 2020 Numerator: Net income (loss) $ 4,780 $ (24,122 ) Denominator: Basic 9,357,153 9,249,184 Dilutive options 9,498 Diluted 9,366,651 9,249,184 Earnings per share: Basic $ 0.51 $ (2.61 ) Diluted $ 0.51 $ (2.61 ) Six months ended June 30, 2021 2020 Numerator: Net income (loss) $ 7,840 $ (23,489 ) Denominator: Basic 9,349,266 9,236,314 Dilutive options 4,895 Diluted 9,354,161 9,236,314 Earnings per share: Basic $ 0.84 $ (2.54 ) Diluted $ 0.84 $ (2.54 ) |
Investment securities (Tables)
Investment securities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of Amortized Cost and Fair Value of Investment Securities Available-for-Sale Aggregated by Investment Category | The amortized cost and fair value of investment securities available-for-sale June 30, 2021 Amortized Gross Gross Fair U.S. Treasury securities $ 9,810 $ $ 121 $ 9,689 State and municipals: Taxable 23,260 311 358 23,213 Tax-exempt 44,398 90 601 43,887 Mortgage-backed securities: U.S. Government agencies 37,593 678 181 38,090 U.S. Government-sponsored enterprises 17,798 204 57 17,945 Corporate debt obligations 15,250 82 108 15,224 Total $ 148,109 $ 1,365 $ 1,426 $ 148,048 December 31, 2020 Amortized Gross Gross Fair State and municipals: Taxable $ 22,317 $ 400 $ 143 $ 22,574 Tax-exempt 17,988 423 16 18,395 Mortgage-backed securities: U.S. Government agencies 26,051 940 26,991 U.S. Government-sponsored enterprises 24,627 442 17 25,052 Corporate debt obligations 10,750 56 123 10,683 Total $ 101,733 $ 2,261 $ 299 $ 103,695 |
Schedule of Debt Securities Classified Available-for-Sale Maturity Distribution of Fair Value | The maturity distribution of the fair value, which is the net carrying amount, of the debt securities classified as available-for-sale June 30, 2021 Fair Within one year $ 55 After one but within five years 1,244 After five but within ten years 30,714 After ten years 60,000 92,013 Mortgage-backed securities 56,035 Total $ 148,048 |
Schedule of Fair Value Gross Unrealized Losses of Investment Securities Unrealized Losses | The fair value and gross unrealized losses of investment securities with unrealized losses for which an other-than-temporary impairment (“OTTI”) has not been recognized at June 30, 2021 and December 31, 2020, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than 12 Months 12 Months or More Total June 30, 2021 Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury securities $ 9,689 $ 121 $ 9,689 $ 121 State and municipals: Taxable 14,258 358 14,258 358 Tax-exempt 34,972 601 34,972 601 Mortgage-backed securities: U.S. Government agencies 14,127 181 14,127 181 U.S. Government-sponsored enterprises 5,373 57 5,373 57 Corporate debt obligations 10,142 108 10,142 108 Total $ 88,561 $ 1,426 $ 88,561 $ 1,426 Less Than 12 Months 12 Months or More Total December 31, 2020 Fair Unrealized Fair Unrealized Fair Unrealized State and municipals: Taxable $ 11,586 $ 143 $ $ $ 11,586 $ 143 Tax-exempt 1,737 16 1,737 16 Mortgage-backed securities: U.S. Government agencies 5,960 17 5,960 17 U.S. Government-sponsored enterprises Corporate debt obligations 3,378 123 3,378 123 Total $ 19,283 $ 176 $ 3,378 $ 123 $ 22,661 $ 299 |
Loans, net, and allowance for_2
Loans, net, and allowance for loan losses (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
Schedule of Loans Outstanding | The major classifications of loans outstanding, net of deferred loan origination fees and costs at June 30, 2021 and December 31, 2020 are summarized as follows. Net deferred loan costs were $745 at June 30, 2021 and net deferred loan costs were $701 at December 31, 2020. June 30, December 31, Commercial $ 197,287 $ 359,080 Real estate: Construction 55,500 73,402 Commercial 502,471 502,495 Residential 187,479 197,596 Consumer 6,003 6,666 Total $ 948,740 $ 1,139,239 |
Schedule of Allowance for Loan Losses Account by Major Classification of Loan | The change in the allowance for loan losses account by major loan classifications for the three and six months ended June 30, 2021 and 2020 is summarized as follows: Real Estate June 30, 2021 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, April 1, 2021 $ 1,393 $ 1,134 $ 6,793 $ 2,236 $ 127 $ 457 $ 12,140 Charge-offs (201 ) (373 ) (37 ) (611 ) Recoveries 57 2 14 73 Provisions 167 (381 ) (57 ) (378 ) 7 (93 ) (735 ) Ending balance $ 1,416 $ 753 $ 6,365 $ 1,858 $ 111 $ 364 $ 10,867 Real Estate Real June 30, 2021 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, January 1, 2021 $ 1,705 $ 1,117 $ 6,494 $ 2,427 $ 142 $ 315 $ 12,200 Charge-offs (210 ) (37 ) (373 ) (85 ) (705 ) Recoveries 57 3 2 45 107 Provisions (136 ) (327 ) 241 (571 ) 9 49 (735 ) Ending balance $ 1,416 $ 753 $ 6,365 $ 1,858 $ 111 $ 364 $ 10,867 Real Estate June 30, 2020 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, April 1, 2020 $ 1,671 $ 695 $ 3,917 $ 1,713 $ 152 $ 103 $ 8,251 Charge-offs (501 ) (2 ) (71 ) (574 ) Recoveries 7 2 1 37 47 Provisions 7 46 1,660 358 44 (103 ) 2,012 Ending balance $ 1,685 $ 741 $ 5,078 $ 2,070 $ 162 $ $ 9,736 Real Estate June 30, 2020 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance, January 1, 2020 $ 1,953 $ 473 $ 3,115 $ 1,820 $ 155 $ $ 7,516 Charge-offs (899 ) (595 ) (2 ) (201 ) (1,697 ) Recoveries 9 2 1 93 105 Provisions 622 268 2,556 251 115 3,812 Ending balance $ 1,685 $ 741 $ 5,078 $ 2,070 $ 162 $ $ 9,736 The allocation of the allowance for loan losses and related loans by classifications of loans at June 30, 2021 and December 31, 2020 is summarized as follows: Real Estate June 30, 2021 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,416 $ 753 $ 6,365 $ 1,858 $ 111 $ 364 $ 10,867 Ending balance: individually evaluated for impairment 95 95 Ending balance: collectively evaluated for 1,416 753 6,270 1,858 111 364 10,772 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loans receivable: Ending balance $ 197,287 $ 55,500 $ 502,471 $ 187,479 $ 6,003 $ $ 948,740 Ending balance: individually evaluated for impairment 974 957 6,284 2,355 10,570 Ending balance: collectively evaluated for impairment 196,313 54,543 495,870 184,978 6,003 937,707 Ending balance: purchased credit impaired loans $ $ $ 317 $ 146 $ $ $ 463 Real Estate December 31, 2020 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,705 $ 1,117 $ 6,494 $ 2,427 $ 142 $ 315 $ 12,200 Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment 1,705 1,117 6,494 2,427 142 315 12,200 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loan’s receivable: Ending balance $ 359,080 $ 73,402 $ 502,495 $ 197,596 $ 6,666 $ $ 1,139,239 Ending balance: individually evaluated for impairment 1,565 6,444 2,494 10,503 Ending balance: collectively evaluated for impairment 357,515 73,402 495,674 194,939 6,666 1,128,196 Ending balance: purchased credit impaired loans $ $ $ 377 $ 163 $ $ $ 540 |
Summary of Major Classification of Loans Summarized by Aggregate Pass Rating | The following tables present the major classifications of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at June 30, 2021 and December 31, 2020: June 30, 2021 Pass Special Substandard Doubtful Total Commercial $ 193,190 $ 2,763 $ 1,334 $ $ 197,287 Real estate: Construction 47,732 7,768 55,500 Commercial 450,523 26,162 25,786 502,471 Residential 183,751 1,122 2,606 187,479 Consumer 6,003 6,003 Total $ 881,199 $ 30,047 $ 37,494 $ $ 948,740 December 31, 2020 Pass Special Substandard Doubtful Total Commercial $ 353,758 $ 3,147 $ 2,175 $ $ 359,080 Real estate: Construction 63,838 1,817 7,747 73,402 Commercial 451,190 29,180 22,125 502,495 Residential 191,775 2,670 3,151 197,596 Consumer 6,666 6,666 Total $ 1,067,227 $ 36,814 $ 35,198 $ $ 1,139,239 |
Summary of Classes of Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans | The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of June 30, 2021 and December 31, 2020. Purchase credit impaired (“PCI”) loans are excluded from the aging and nonaccrual loan schedules. Accrual Loans June 30, 2021 30-59 Days 60-89 Days 90 or More Total Past Current Nonaccrual Total Loans Commercial $ 82 $ 15 $ $ 97 $ 196,856 $ 334 $ 197,287 Real estate: Construction 54,543 957 55,500 Commercial 92 283 375 501,592 187 502,154 Residential 598 275 87 960 185,455 918 187,333 Consumer 24 7 4 35 5,968 6,003 Total $ 796 $ 580 $ 91 $ 1,467 $ 944,414 $ 2,396 $ 948,277 Purchased credit impaired loans 463 Total Loans $ 948,740 Accrual Loans December 31, 2020 30-59 Days 60-89 Days 90 or More Total Past Current Nonaccrual Total Loans Commercial $ 64 $ 1 $ $ 65 $ 358,496 $ 519 $ 359,080 Real estate: Construction 73,402 73,402 Commercial 1,238 4,063 5,301 496,785 32 502,118 Residential 2,125 2,993 146 5,264 191,299 870 197,433 Consumer 22 20 10 52 6,614 6,666 Total $ 3,449 $ 7,077 $ 156 $ 10,682 $ 1,126,596 $ 1,421 $ 1,138,699 Purchased credit impaired loans 540 Total Loans $ 1,139,239 |
Schedule of Information Concerning Impaired Loans | The following tables summarize information concerning impaired loans as of and for the three and six months ended June 30, 2021 and 2020, and as of and for the year ended, December 31, 2020 by major loan classification: This Quarter Year-to-Date June 30, 2021 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 974 $ 974 $ 1,326 $ 9 $ 1,473 $ 50 Real estate: Construction 957 957 964 726 Commercial 671 671 793 8 2,322 42 Residential 2,501 2,631 2,521 29 2,560 62 Consumer Total 5,103 5,233 5,604 46 7,081 154 With an allowance recorded: Commercial Real estate: Construction Commercial 5,930 5,930 $ 95 5,950 95 4,476 143 Residential Consumer Total 5,930 5,930 95 5,950 95 4,476 143 Commercial 974 974 1,326 9 1,473 50 Real estate: Construction 957 957 964 726 Commercial 6,601 6,601 95 6,743 103 6,798 185 Residential 2,501 2,631 2,521 29 2,560 62 Consumer Total $ 11,033 $ 11,163 $ 95 $ 11,554 $ 141 $ 11,557 $ 297 Recorded Unpaid Related For the Year Ended December 31, 2020 Average Interest With no related allowance: Commercial $ 1,565 $ 1,675 $ 1,356 $ 416 Real estate: Construction Commercial 6,821 6,821 4,392 311 Residential 2,657 2,787 2,493 146 Consumer Total 11,043 11,283 8,241 873 With an allowance recorded: Commercial 561 Real estate: Construction Commercial 391 65 Residential Consumer Total 952 65 Commercial 1,565 1,675 1,917 416 Real estate: Construction Commercial 6,821 6,821 4,783 376 Residential 2,657 2,787 2,493 146 Consumer Total $ 11,043 $ 11,283 $ 9,193 $ 938 This Quarter Year-to-Date June 30, 2020 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 2,059 $ 2,169 $ $ 1,579 $ 132 $ 1,603 $ 200 Real estate: Construction Commercial 9,158 9,659 5,854 19 5,561 66 Residential 2,748 2,878 2,520 81 2,539 106 Consumer Total 13,965 14,706 9,953 232 9,703 372 With an allowance recorded: Commercial 121 121 29 121 621 Real estate: Construction Commercial 184 391 4 Residential Consumer Total 121 121 29 305 1,012 4 Commercial 2,180 2,290 29 1,700 132 2,224 200 Real estate: Construction Commercial 9,158 9,659 6,038 19 5,952 70 Residential 2,748 2,878 2,520 81 2,539 106 Consumer Total $ 14,086 $ 14,827 $ 29 $ 10,258 $ 232 $ 10,715 $ 376 |
Summary of Distribution of OffBalance Sheet Commitments [Table Text Block] | Distribution of off-balance June 30, December 31, Unused portions of lines of credit $ 102,141 $ 92,848 Construction loans 14,320 24,751 Commitments to extend credit 12,797 10,275 Deposit overdraft protection 18,031 18,117 Standby and performance letters of credit 7,274 6,577 Total $ 154,563 $ 152,568 |
Other assets (Tables)
Other assets (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Components of Other Assets | The components of other assets at June 30, 2021 and December 31, 2020 are summarized as follows: June 30, December 31, Other real estate owned $ 219 $ 422 Bank owned life insurance 31,821 31,425 Restricted equity securities 1,968 1,759 Deferred tax assets 3,621 3,907 Lease right-of-use 1,598 2,278 Other assets 9,271 8,629 Total $ 48,498 $ 48,420 |
Fair value estimates (Tables)
Fair value estimates (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020 are summarized as follows: Fair Value Measurement Using June 30, 2021 Amount Quoted Prices in Significant Significant U.S. Treasury securities $ 9,689 $ 9,689 $ State and Municipals: Taxable 23,213 23,213 Tax-exempt 43,887 43,887 Mortgage-backed securities: U.S. Government agencies 38,090 38,090 U.S. Government-sponsored enterprises 17,945 17,945 Corporate debt obligations 15,224 15,224 Total $ 148,048 $ 9,689 $ 138,359 Interest rate swap hedge $ 545 $ 545 December 31, 2020 Fair Value Measurement Using Amount Quoted Prices in Significant Significant State and municipals: Taxable $ 22,574 $ 22,574 Tax-exempt 18,395 18,395 Mortgage-backed securities: U.S. Government agencies 26,991 26,991 U.S. Government-sponsored enterprises 25,052 25,052 Corporate debt obligations 10,683 10,683 Total $ 103,695 $ 103,695 Interest rate swap hedge $ 172 $ 172 |
Summary of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | Assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2021 and December 31, 2020 are summarized as follows: Fair Value Measurement Using June 30, 2021 Amount (Level 1) (Level 2) (Level 3) Other real estate owned $ 219 $ 219 Impaired loans, net of related allowance 5,835 5,835 Total $ 6,054 $ 6,054 December 31, 2020 Fair Value Measurement Using Amount (Level 1) (Level 2) (Level 3) Other real estate owned $ 422 $ 422 Total $ 422 $ 422 |
Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis | The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company utilized Level 3 inputs to determine fair value at June 30, 2021 and December 31, 2020. Quantitative Information about Level 3 Fair Value Measurements June 30, 2021 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $219 Appraisal of collateral Appraisal adjustments 0.0% to 3.0% (3.0%) Liquidation expenses 10.0% to 10.0% (10.0%) Impaired loans 5,835 Appraisal of collateral Appraisal adjustments 0.0% to 0.0% (0.0%) Liquidation expenses 7.0% to 7.0% (7.0%) Quantitative Information about Level 3 Fair Value Measurements December 31, 2020 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $422 Appraisal of collateral Appraisal adjustments 20.0% to 14.0% (8.4%) Liquidation expenses 10.0% to 10.0% (10.0%) |
Carrying and Fair Values of Riverview's Financial Instruments | The carrying and fair values of the Company’s financial instruments at June 30, 2021 and December 31, 2020 and their placement within the fair value hierarchy are as follows: Carrying Fair Value Hierarchy June 30, 2021 Fair Value Quoted Prices in Significant Significant Financial assets: Cash and cash equivalents $ 57,508 $ 57,508 $ 57,508 Investment securities 148,048 148,048 9,689 $ 138,359 Loans held for sale 180 180 180 Net loan s 937,873 921,600 $ 921,600 Accrued interest receivable 3,532 3,532 911 2,621 Restricted equity securities 1,968 1,968 Interest rate swap hedges 545 545 545 Financial liabilities: Deposits $ 1,044,515 $ 1,046,218 $ 1,046,218 Long-term debt 51,956 54,970 54,970 Accrued interest payable 504 504 504 Carrying Fair Value Hierarchy December 31, 2020 Fair Value Quoted Prices in Significant Significant Financial assets: Cash and cash equivalents $ 49,781 $ 49,781 $ 49,781 Investment securities available-for-sale 103,695 103,695 $ 103,695 Loans held for sale 4,338 4,338 4,338 Net loan s 1,127,039 1,116,618 $ 1,116,618 Accrued interest receivable 4,216 4,216 578 3,638 Restricted equity securities 1,759 1,759 Interest rate swap hedges 172 172 172 Financial liabilities: Deposits $ 1,015,460 $ 1,018,529 $ 1,018,529 Long-term debt 228,765 231,748 231,748 Accrued interest payable 1,038 1,038 1,038 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2021Office | |
Summary Of Significant Accounting Policies [Line Items] | |
Number of full service offices | 23 |
Number of limited purpose offices | 3 |
Other comprehensive income (l_3
Other comprehensive income (loss) - Summary of Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss) | $ (368) | $ 935 |
Derivative fair value adjustment | 545 | 172 |
Income tax benefit | 114 | 36 |
Net of income taxes | 431 | 136 |
Unrealized Gain (Loss) on Available-for-Sale [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), before tax | (61) | 1,962 |
Income tax expense (benefit) | (13) | 412 |
Accumulated other comprehensive income (loss) | (48) | 1,550 |
Defined Benefit Pension Items [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), before tax | (951) | (951) |
Income tax expense (benefit) | (200) | (200) |
Accumulated other comprehensive income (loss) | $ (751) | $ (751) |
Other comprehensive income (l_4
Other comprehensive income (loss) - Schedule of Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | ||
Other Comprehensive Income (Loss), Tax [Abstract] | |||||
Unrealized gain (loss) on investment securities available-for-sale | $ 1,279 | $ 840 | $ (1,750) | $ 1,893 | |
Net (gain) loss on the sale of investment securities available-for-sale | [1] | (27) | (273) | (815) | |
Benefit plans: | |||||
Net change in derivative fair value | (284) | (38) | 373 | (38) | |
Other comprehensive income (loss) before taxes | 968 | 802 | (1,650) | 1,040 | |
Income tax expense | 203 | 168 | (347) | 218 | |
Other comprehensive income (loss) | $ 765 | $ 634 | $ (1,303) | $ 822 | |
[1] | Represents amounts reclassified out of accumulated other comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income. |
Earnings per share - Additional
Earnings per share - Additional Information (Detail) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Stock options excluded from the dilutive earnings per share calculation | 37,200 | 172,964 | 93,935 | 172,964 |
Earnings per share - Computatio
Earnings per share - Computation of Earnings per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Numerator: | ||||
Net income (loss) | $ 4,780 | $ (24,122) | $ 7,840 | $ (23,489) |
Denominator: | ||||
Basic | 9,357,153 | 9,249,184 | 9,349,266 | 9,236,314 |
Dilutive options | 9,498 | 4,895 | ||
Diluted | 9,366,651 | 9,249,184 | 9,354,161 | 9,236,314 |
Basic | $ 0.51 | $ (2.61) | $ 0.84 | $ (2.54) |
Diluted | $ 0.51 | $ (2.61) | $ 0.84 | $ (2.54) |
Investment Securities - Schedul
Investment Securities - Schedule of Amortized Cost and Fair Value of Investment Securities Available-for-Sale Aggregated by Investment Category (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 148,109 | $ 101,733 |
Gross Unrealized Gains | 1,365 | 2,261 |
Gross Unrealized Losses | 1,426 | 299 |
Fair Value | 148,048 | 103,695 |
U.S. Treasury Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 9,810 | |
Gross Unrealized Losses | 121 | |
Fair Value | 9,689 | |
Taxable [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 23,260 | 22,317 |
Gross Unrealized Gains | 311 | 400 |
Gross Unrealized Losses | 358 | 143 |
Fair Value | 23,213 | 22,574 |
Tax-Exempt [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 44,398 | 17,988 |
Gross Unrealized Gains | 90 | 423 |
Gross Unrealized Losses | 601 | 16 |
Fair Value | 43,887 | 18,395 |
Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 37,593 | 26,051 |
Gross Unrealized Gains | 678 | 940 |
Gross Unrealized Losses | 181 | |
Fair Value | 38,090 | 26,991 |
Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 17,798 | 24,627 |
Gross Unrealized Gains | 204 | 442 |
Gross Unrealized Losses | 57 | 17 |
Fair Value | 17,945 | 25,052 |
Corporate Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 15,250 | 10,750 |
Gross Unrealized Gains | 82 | 56 |
Gross Unrealized Losses | 108 | 123 |
Fair Value | $ 15,224 | $ 10,683 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) $ in Thousands | Jun. 30, 2021USD ($)Securities | Dec. 31, 2020USD ($)Securities |
Schedule of Available-for-sale Securities [Line Items] | ||
Securities pledged to secure public deposits, fair value | $ | $ 97,577 | $ 71,676 |
Available-for-sale securities in unrealized loss position, number of securities | 62 | 16 |
Taxable [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 12 | 9 |
Tax-exempt Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 33 | 3 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 3 | |
Corporate Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 8 | 1 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 4 | |
U.S. Government Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 4 |
Investment Securities - Sched_2
Investment Securities - Schedule of Debt Securities Classified Available-for-Sale Maturity Distribution of Fair Value (Detail) $ in Thousands | Jun. 30, 2021USD ($) |
Schedule of Available-for-sale Securities [Line Items] | |
Available-for-sale securities, Within one year, Fair Value | $ 55 |
Available-for-sale securities, After one but within five years, Fair Value | 1,244 |
Available-for-sale securities, After five but within ten years, Fair Value | 30,714 |
Available-for-sale securities, After ten years, Fair Value | 60,000 |
Available-for-sale securities, Single maturity, Fair Value | 92,013 |
Total available-for-sale securities, Fair Value | 148,048 |
Mortgage-Backed Securities [Member] | |
Schedule of Available-for-sale Securities [Line Items] | |
Available-for-sale securities, Without single maturity, Fair Value | $ 56,035 |
Investment Securities Available
Investment Securities Available-for-Sale - Schedule of Fair Value Gross Unrealized Losses of Investment Securities Unrealized Losses (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | $ 88,561 | $ 19,283 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 1,426 | 176 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 3,378 | |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 123 | |
Available-for-sale securities in a continuous loss position, Fair Value | 88,561 | 22,661 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 1,426 | 299 |
U.S. Treasury Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 9,689 | |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 121 | |
Available-for-sale securities in a continuous loss position, Fair Value | 9,689 | |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 121 | |
Taxable [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 14,258 | 11,586 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 358 | 143 |
Available-for-sale securities in a continuous loss position, Fair Value | 14,258 | 11,586 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 358 | 143 |
Tax-Exempt [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 34,972 | 1,737 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 601 | 16 |
Available-for-sale securities in a continuous loss position, Fair Value | 34,972 | 1,737 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 601 | 16 |
Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 14,127 | 5,960 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 181 | 17 |
Available-for-sale securities in a continuous loss position, Fair Value | 14,127 | 5,960 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 181 | 17 |
Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 5,373 | |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 57 | |
Available-for-sale securities in a continuous loss position, Fair Value | 5,373 | |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 57 | |
Corporate Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 10,142 | |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 108 | |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 3,378 | |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 123 | |
Available-for-sale securities in a continuous loss position, Fair Value | 10,142 | 3,378 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | $ 108 | $ 123 |
Loans, Net, and Allowance for_3
Loans, Net, and Allowance for Loan Losses - Additional Information (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021USD ($)Contract | Jun. 30, 2020USD ($)Contract | Jun. 30, 2021USD ($)Contract | Jun. 30, 2020USD ($)Contract | Dec. 31, 2020USD ($) | |
Financing Receivable, Impaired [Line Items] | |||||
Deferred loan fees, net | $ 745 | $ 745 | $ 701 | ||
Interest income, related to impaired loans | 21 | $ 35 | 49 | $ 56 | |
Financing receivable impaired trouble debt restructure | $ 9,295 | 9,988 | $ 9,295 | 9,988 | 9,985 |
Troubled debt restructurings, amount | $ 7,817 | $ 7,817 | |||
Troubled Debt Restructurings, Number of Contracts | Contract | 0 | 9 | 0 | 9 | |
Subsequently defaulted number of contracts | Contract | 0 | 0 | 0 | 0 | |
Financing receivable modifications subsequent default recorded investment | $ 368 | ||||
Unused Commitments | $ 154,563 | $ 154,563 | 152,568 | ||
Subsequently defaulted total number of contracts | Contract | 1 | ||||
Fedrel Reserve Board Ppplf [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Deferred loan fees, net | 2,737 | 2,737 | 5,075 | ||
Loans Payable | 82,404 | 82,404 | 251,810 | ||
Commercial [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unused Commitments | $ 93 | $ 93 | $ 93 |
Loans, Net, and Allowance for_4
Loans, Net, and Allowance for Loan Losses - Schedule of Loans Outstanding (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable | $ 948,740 | $ 1,139,239 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable | 197,287 | 359,080 |
Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable | 55,500 | 73,402 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable | 502,471 | 502,495 |
Residential [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable | 187,479 | 197,596 |
Consumer [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable | $ 6,003 | $ 6,666 |
Loans, Net, and Allowance for_5
Loans, Net, and Allowance for Loan Losses - Schedule of Allowance for Loan Losses Account by Major Classification of Loan (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | $ 12,140 | $ 8,251 | $ 12,200 | $ 7,516 | |
Allowance for Loan Losses, Charge-offs | (611) | (574) | (705) | (1,697) | |
Allowance for Loan Losses, Recoveries | 73 | 47 | 107 | 105 | |
Allowance for Loan Losses, Provision | (735) | 2,012 | (735) | 3,812 | |
Allowance for Loan Losses, Ending balance | 10,867 | 9,736 | 10,867 | 9,736 | |
Ending balance: individually evaluated for impairment | 95 | 95 | |||
Ending balance: collectively evaluated for impairment | 10,772 | 10,772 | $ 12,200 | ||
Ending balance | 948,740 | 948,740 | 1,139,239 | ||
Ending balance: individually evaluated for impairment | 10,570 | 10,570 | 10,503 | ||
Ending balance: collectively evaluated for impairment | 937,707 | 937,707 | 1,128,196 | ||
Ending balance: purchased credit impaired loans | 463 | 463 | 540 | ||
Commercial [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | 1,393 | 1,671 | 1,705 | 1,953 | |
Allowance for Loan Losses, Charge-offs | (201) | (210) | (899) | ||
Allowance for Loan Losses, Recoveries | 57 | 7 | 57 | 9 | |
Allowance for Loan Losses, Provision | 167 | 7 | (136) | 622 | |
Allowance for Loan Losses, Ending balance | 1,416 | 1,685 | 1,416 | 1,685 | |
Ending balance: collectively evaluated for impairment | 1,416 | 1,416 | 1,705 | ||
Ending balance | 197,287 | 197,287 | 359,080 | ||
Ending balance: individually evaluated for impairment | 974 | 974 | 1,565 | ||
Ending balance: collectively evaluated for impairment | 196,313 | 196,313 | 357,515 | ||
Real Estate Construction [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | 1,134 | 695 | 1,117 | 473 | |
Allowance for Loan Losses, Charge-offs | (37) | ||||
Allowance for Loan Losses, Provision | (381) | 46 | (327) | 268 | |
Allowance for Loan Losses, Ending balance | 753 | 741 | 753 | 741 | |
Ending balance: collectively evaluated for impairment | 753 | 753 | 1,117 | ||
Ending balance | 55,500 | 55,500 | 73,402 | ||
Ending balance: individually evaluated for impairment | 957 | 957 | |||
Ending balance: collectively evaluated for impairment | 54,543 | 54,543 | 73,402 | ||
Real Estate Commercial [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | 6,793 | 3,917 | 6,494 | 3,115 | |
Allowance for Loan Losses, Charge-offs | (373) | (501) | (373) | (595) | |
Allowance for Loan Losses, Recoveries | 2 | 2 | 3 | 2 | |
Allowance for Loan Losses, Provision | (57) | 1,660 | 241 | 2,556 | |
Allowance for Loan Losses, Ending balance | 6,365 | 5,078 | 6,365 | 5,078 | |
Ending balance: individually evaluated for impairment | 95 | 95 | |||
Ending balance: collectively evaluated for impairment | 6,270 | 6,270 | 6,494 | ||
Ending balance | 502,471 | 502,471 | 502,495 | ||
Ending balance: individually evaluated for impairment | 6,284 | 6,284 | 6,444 | ||
Ending balance: collectively evaluated for impairment | 495,870 | 495,870 | 495,674 | ||
Ending balance: purchased credit impaired loans | 317 | 317 | 377 | ||
Real Estate Residential [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | 2,236 | 1,713 | 2,427 | 1,820 | |
Allowance for Loan Losses, Charge-offs | (2) | (2) | |||
Allowance for Loan Losses, Recoveries | 1 | 2 | 1 | ||
Allowance for Loan Losses, Provision | (378) | 358 | (571) | 251 | |
Allowance for Loan Losses, Ending balance | 1,858 | 2,070 | 1,858 | 2,070 | |
Ending balance: collectively evaluated for impairment | 1,858 | 1,858 | 2,427 | ||
Ending balance | 187,479 | 187,479 | 197,596 | ||
Ending balance: individually evaluated for impairment | 2,355 | 2,355 | 2,494 | ||
Ending balance: collectively evaluated for impairment | 184,978 | 184,978 | 194,939 | ||
Ending balance: purchased credit impaired loans | 146 | 146 | 163 | ||
Consumer [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | 127 | 152 | 142 | 155 | |
Allowance for Loan Losses, Charge-offs | (37) | (71) | (85) | (201) | |
Allowance for Loan Losses, Recoveries | 14 | 37 | 45 | 93 | |
Allowance for Loan Losses, Provision | 7 | 44 | 9 | 115 | |
Allowance for Loan Losses, Ending balance | 111 | 162 | 111 | $ 162 | |
Ending balance: collectively evaluated for impairment | 111 | 111 | 142 | ||
Ending balance | 6,003 | 6,003 | 6,666 | ||
Ending balance: collectively evaluated for impairment | 6,003 | 6,003 | 6,666 | ||
Unallocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses, Beginning balance | 457 | 103 | 315 | ||
Allowance for Loan Losses, Provision | (93) | $ (103) | 49 | ||
Allowance for Loan Losses, Ending balance | 364 | 364 | |||
Ending balance: collectively evaluated for impairment | 364 | 364 | $ 315 | ||
Ending balance: purchased credit impaired loans | $ 364 | $ 364 |
Loans, Net, and Allowance for_6
Loans, Net, and Allowance for Loan Losses - Summary of Major Classification of Loans Summarized by Aggregate Pass Rating (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 948,740 | $ 1,139,239 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 197,287 | 359,080 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 55,500 | 73,402 |
Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 502,471 | 502,495 |
Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 187,479 | 197,596 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 6,003 | 6,666 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 881,199 | 1,067,227 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 193,190 | 353,758 |
Pass [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 47,732 | 63,838 |
Pass [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 450,523 | 451,190 |
Pass [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 183,751 | 191,775 |
Pass [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 6,003 | 6,666 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 30,047 | 36,814 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 2,763 | 3,147 |
Special Mention [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,817 | |
Special Mention [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 26,162 | 29,180 |
Special Mention [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,122 | 2,670 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 37,494 | 35,198 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,334 | 2,175 |
Substandard [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 7,768 | 7,747 |
Substandard [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 25,786 | 22,125 |
Substandard [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 2,606 | $ 3,151 |
Loans, Net, and Allowance for_7
Loans, Net, and Allowance for Loan Losses - Summary of Classes of Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | $ 948,740 | $ 1,139,239 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 197,287 | 359,080 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 55,500 | 73,402 |
Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 502,471 | 502,495 |
Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 187,479 | 197,596 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 6,003 | 6,666 |
Performing Loans and Non Accrual Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,467 | 10,682 |
Current | 944,414 | 1,126,596 |
Nonaccrual Loans | 2,396 | 1,421 |
Total | 948,277 | 1,138,699 |
Performing Loans and Non Accrual Loans [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 97 | 65 |
Current | 196,856 | 358,496 |
Nonaccrual Loans | 334 | 519 |
Total | 197,287 | 359,080 |
Performing Loans and Non Accrual Loans [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 54,543 | 73,402 |
Nonaccrual Loans | 957 | |
Total | 55,500 | 73,402 |
Performing Loans and Non Accrual Loans [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 375 | 5,301 |
Current | 501,592 | 496,785 |
Nonaccrual Loans | 187 | 32 |
Total | 502,154 | 502,118 |
Performing Loans and Non Accrual Loans [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 960 | 5,264 |
Current | 185,455 | 191,299 |
Nonaccrual Loans | 918 | 870 |
Total | 187,333 | 197,433 |
Performing Loans and Non Accrual Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 35 | 52 |
Current | 5,968 | 6,614 |
Total | 6,003 | 6,666 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 796 | 3,449 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 82 | 64 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 92 | 1,238 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 598 | 2,125 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 24 | 22 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 580 | 7,077 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 15 | 1 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 283 | 4,063 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 275 | 2,993 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 7 | 20 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 91 | 156 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 87 | 146 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4 | 10 |
Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | $ 463 | $ 540 |
Loans, Net, and Allowance for_8
Loans, Net, and Allowance for Loan Losses - Schedule of Information Concerning Impaired Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Financing Receivable, Impaired [Line Items] | |||||
Impaired loans with no related allowance recorded, recorded investment | $ 5,103 | $ 13,965 | $ 5,103 | $ 13,965 | $ 11,043 |
Impaired loans with an allowance recorded, recorded investment | 5,930 | 121 | 5,930 | 121 | |
Impaired loans, recorded investment | 11,033 | 14,086 | 11,033 | 14,086 | 11,043 |
Impaired loans with no related allowance recorded, unpaid principal balance | 5,233 | 14,706 | 5,233 | 14,706 | 11,283 |
Impaired loans with an allowance recorded, unpaid principal balance | 5,930 | 121 | 5,930 | 121 | |
Impaired loans, unpaid principal balance | 11,163 | 14,827 | 11,163 | 14,827 | 11,283 |
Impaired loans with an allowance recorded, related allowance | 95 | 29 | 95 | 29 | |
Impaired loans, related allowance | 29 | 29 | |||
Impaired loans with no related allowance recorded, average recorded investment | 5,604 | 9,953 | 7,081 | 9,703 | 8,241 |
Impaired loans with an allowance recorded, average recorded investment | 5,950 | 305 | 4,476 | 1,012 | 952 |
Impaired loans, average recorded investment | 11,554 | 10,258 | 11,557 | 10,715 | 9,193 |
Impaired loans with no related allowance recorded, interest income recognized | 46 | 232 | 154 | 372 | 873 |
Impaired loans with an allowance recorded, interest income recognized | 95 | 143 | 4 | 65 | |
Impaired loans, interest income recognized | 141 | 232 | 297 | 376 | 938 |
Commercial [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Impaired loans with no related allowance recorded, recorded investment | 974 | 2,059 | 974 | 2,059 | 1,565 |
Impaired loans with an allowance recorded, recorded investment | 121 | 121 | |||
Impaired loans, recorded investment | 974 | 2,180 | 974 | 2,180 | 1,565 |
Impaired loans with no related allowance recorded, unpaid principal balance | 974 | 2,169 | 974 | 2,169 | 1,675 |
Impaired loans with an allowance recorded, unpaid principal balance | 121 | 121 | |||
Impaired loans, unpaid principal balance | 974 | 2,290 | 974 | 2,290 | 1,675 |
Impaired loans with an allowance recorded, related allowance | 29 | 29 | |||
Impaired loans, related allowance | 29 | 29 | |||
Impaired loans with no related allowance recorded, average recorded investment | 1,326 | 1,579 | 1,473 | 1,603 | 1,356 |
Impaired loans with an allowance recorded, average recorded investment | 121 | 621 | 561 | ||
Impaired loans, average recorded investment | 1,326 | 1,700 | 1,473 | 2,224 | 1,917 |
Impaired loans with no related allowance recorded, interest income recognized | 9 | 132 | 50 | 200 | 416 |
Impaired loans, interest income recognized | 9 | 132 | 50 | 200 | 416 |
Real Estate Commercial [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Impaired loans with no related allowance recorded, recorded investment | 671 | 9,158 | 671 | 9,158 | 6,821 |
Impaired loans with an allowance recorded, recorded investment | 5,930 | 5,930 | |||
Impaired loans, recorded investment | 6,601 | 9,158 | 6,601 | 9,158 | 6,821 |
Impaired loans with no related allowance recorded, unpaid principal balance | 671 | 9,659 | 671 | 9,659 | 6,821 |
Impaired loans with an allowance recorded, unpaid principal balance | 5,930 | 5,930 | |||
Impaired loans, unpaid principal balance | 6,601 | 9,659 | 6,601 | 9,659 | 6,821 |
Impaired loans with an allowance recorded, related allowance | 95 | 95 | |||
Impaired loans with no related allowance recorded, average recorded investment | 793 | 5,854 | 2,322 | 5,561 | 4,392 |
Impaired loans with an allowance recorded, average recorded investment | 5,950 | 184 | 4,476 | 391 | 391 |
Impaired loans, average recorded investment | 6,743 | 6,038 | 6,798 | 5,952 | 4,783 |
Impaired loans with no related allowance recorded, interest income recognized | 8 | 19 | 42 | 66 | 311 |
Impaired loans with an allowance recorded, interest income recognized | 95 | 143 | 4 | 65 | |
Impaired loans, interest income recognized | 103 | 19 | 185 | 70 | 376 |
Real Estate Residential [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Impaired loans with no related allowance recorded, recorded investment | 2,501 | 2,748 | 2,501 | 2,748 | 2,657 |
Impaired loans, recorded investment | 2,501 | 2,748 | 2,501 | 2,748 | 2,657 |
Impaired loans with no related allowance recorded, unpaid principal balance | 2,631 | 2,878 | 2,631 | 2,878 | 2,787 |
Impaired loans, unpaid principal balance | 2,631 | 2,878 | 2,631 | 2,878 | 2,787 |
Impaired loans with no related allowance recorded, average recorded investment | 2,521 | 2,520 | 2,560 | 2,539 | 2,493 |
Impaired loans, average recorded investment | 2,521 | 2,520 | 2,560 | 2,539 | 2,493 |
Impaired loans with no related allowance recorded, interest income recognized | 29 | 81 | 62 | 106 | 146 |
Impaired loans, interest income recognized | 29 | $ 81 | 62 | $ 106 | $ 146 |
Real Estate Construction [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Impaired loans with no related allowance recorded, recorded investment | 957 | 957 | |||
Impaired loans with an allowance recorded, recorded investment | 957 | 957 | |||
Impaired loans with no related allowance recorded, unpaid principal balance | 957 | 957 | |||
Impaired loans with an allowance recorded, unpaid principal balance | 957 | 957 | |||
Impaired loans with no related allowance recorded, average recorded investment | 964 | 726 | |||
Impaired loans with an allowance recorded, average recorded investment | $ 964 | $ 726 |
Loans, net, and allowance for_9
Loans, net, and allowance for loan losses - Summary of Distribution of Off-Balance Sheet Commitments (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Distribution Of Off BalanceSheet Commitments [Line Items] | ||
Unused Commitments | $ 154,563 | $ 152,568 |
Unused portions of lines of credit [Member] | ||
Distribution Of Off BalanceSheet Commitments [Line Items] | ||
Unused Commitments | 102,141 | 92,848 |
Construction Loans [Member] | ||
Distribution Of Off BalanceSheet Commitments [Line Items] | ||
Unused Commitments | 14,320 | 24,751 |
Commitments to extend credit [Member] | ||
Distribution Of Off BalanceSheet Commitments [Line Items] | ||
Unused Commitments | 12,797 | 10,275 |
Deposit overdraft protection [Member] | ||
Distribution Of Off BalanceSheet Commitments [Line Items] | ||
Unused Commitments | 18,031 | 18,117 |
Standby and performance letters of credit [Member] | ||
Distribution Of Off BalanceSheet Commitments [Line Items] | ||
Unused Commitments | $ 7,274 | $ 6,577 |
Other Assets - Components of Ot
Other Assets - Components of Other Assets (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Other Assets [Abstract] | ||
Other real estate owned | $ 219 | $ 422 |
Bank owned life insurance | 31,821 | 31,425 |
Restricted equity securities | 1,968 | 1,759 |
Deferred tax assets | 3,621 | 3,907 |
Lease right-of-use assets | 1,598 | 2,278 |
Other assets | 9,271 | 8,629 |
Total | $ 48,498 | $ 48,420 |
Fair value estimates - Financia
Fair value estimates - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 148,048 | $ 103,695 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 9,689 | |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 138,359 | 103,695 |
Fair Value Measurements Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 148,048 | 103,695 |
Fair Value Measurements Recurring [Member] | U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 9,689 | |
Fair Value Measurements Recurring [Member] | Taxable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 23,213 | 22,574 |
Fair Value Measurements Recurring [Member] | Tax-Exempt [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 43,887 | 18,395 |
Fair Value Measurements Recurring [Member] | Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 38,090 | 26,991 |
Fair Value Measurements Recurring [Member] | Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 17,945 | 25,052 |
Fair Value Measurements Recurring [Member] | Corporate Debt Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 15,224 | 10,683 |
Fair Value Measurements Recurring [Member] | Interest Rate Swap Hedge [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 545 | 172 |
Fair Value Measurements Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 9,689 | |
Fair Value Measurements Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 9,689 | |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 138,359 | 103,695 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Taxable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 23,213 | 22,574 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Tax-Exempt [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 43,887 | 18,395 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 38,090 | 26,991 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 17,945 | 25,052 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 15,224 | 10,683 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swap Hedge [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 545 | $ 172 |
Fair value estimates - Summary
Fair value estimates - Summary of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 219 | $ 422 |
Impaired loans, net of related allowance | 5,835 | |
Total | 6,054 | 422 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 219 | 422 |
Impaired loans, net of related allowance | 5,835 | |
Total | $ 6,054 | $ 422 |
Fair value estimates- Additiona
Fair value estimates- Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 6,054 | $ 422 |
Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 219 | $ 422 |
Valuation Technique | Appraisal of collateral | Appraisal of collateral |
Unobservable Input | Appraisal adjustments | Appraisal adjustments |
Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Unobservable Input | Liquidation expenses | Liquidation expenses |
Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 5,835 | |
Valuation Technique | Appraisal of collateral | |
Unobservable Input | Appraisal adjustments | |
Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Unobservable Input | Liquidation expenses | |
Minimum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | 20.00% |
Minimum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 10.00% | 10.00% |
Minimum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | |
Minimum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 7.00% | |
Maximum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 3.00% | 14.00% |
Maximum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 10.00% | 10.00% |
Maximum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | |
Maximum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 7.00% | |
Weighted Average [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 3.00% | 8.40% |
Weighted Average [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 10.00% | 10.00% |
Weighted Average [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | |
Weighted Average [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 7.00% |
Fair value estimates- Carrying
Fair value estimates- Carrying and Fair Values of Riverview's Financial Instruments (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | |
Financial assets: | |||||
Cash and cash equivalents | $ 57,508 | $ 49,781 | $ 43,228 | $ 50,348 | |
Investment securities available-for-sale | 148,048 | 103,695 | |||
Loans held for sale | 180 | 4,338 | |||
Net loans | 937,873 | 1,127,039 | |||
Accrued interest receivable | 3,532 | 4,216 | |||
Restricted equity securities | 1,968 | 1,759 | |||
Financial liabilities: | |||||
Deposits | 1,044,515 | 1,015,460 | |||
Long-term debt | 51,956 | 228,765 | |||
Accrued interest payable | 504 | 1,038 | |||
Carrying Amount [Member] | |||||
Financial assets: | |||||
Cash and cash equivalents | 57,508 | 49,781 | |||
Investment securities available-for-sale | 148,048 | 103,695 | |||
Loans held for sale | 180 | 4,338 | |||
Net loans | [1] | 937,873 | 1,127,039 | ||
Accrued interest receivable | 3,532 | 4,216 | |||
Restricted equity securities | 1,968 | 1,759 | |||
Interest rate swap hedges | 545 | 172 | |||
Financial liabilities: | |||||
Deposits | 1,044,515 | 1,015,460 | |||
Long-term debt | 51,956 | 228,765 | |||
Accrued interest payable | 504 | 1,038 | |||
Fair Value [Member] | |||||
Financial assets: | |||||
Cash and cash equivalents | 57,508 | 49,781 | |||
Investment securities available-for-sale | 148,048 | 103,695 | |||
Loans held for sale | 180 | 4,338 | |||
Net loans | [1] | 921,600 | 1,116,618 | ||
Accrued interest receivable | 3,532 | 4,216 | |||
Restricted equity securities | 1,968 | 1,759 | |||
Interest rate swap hedges | 545 | 172 | |||
Financial liabilities: | |||||
Deposits | 1,046,218 | 1,018,529 | |||
Long-term debt | 54,970 | 231,748 | |||
Accrued interest payable | 504 | 1,038 | |||
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Financial assets: | |||||
Cash and cash equivalents | 57,508 | 49,781 | |||
Investment securities available-for-sale | 9,689 | ||||
Significant Other Observable Inputs (Level 2) [Member] | |||||
Financial assets: | |||||
Investment securities available-for-sale | 138,359 | 103,695 | |||
Loans held for sale | 180 | 4,338 | |||
Accrued interest receivable | 911 | 578 | |||
Interest rate swap hedges | 545 | 172 | |||
Financial liabilities: | |||||
Deposits | 1,046,218 | 1,018,529 | |||
Long-term debt | 54,970 | 231,748 | |||
Accrued interest payable | 504 | 1,038 | |||
Significant Unobservable Inputs (Level 3) [Member] | |||||
Financial assets: | |||||
Net loans | [1] | 921,600 | 1,116,618 | ||
Accrued interest receivable | $ 2,621 | $ 3,638 | |||
[1] | The carrying amount is net of unearned income and the allowance for loan losses in accordance with the adoption of ASU No. 2016-01 where the fair value of loans as of June 30, 2021 and December 31, 2020 was measured using an exit price notion. |