Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 : Loans , Allowance for Loan Losses/ Credit Losses and Other Real Estate Owned A summary of the major categories of loans outstanding is shown in the following tables at the dates indicated. At September 30, At December 31, 2020 2019 (In thousands) Commercial: Paycheck Protection Program ("PPP") loans $ 243,982 $ - Other 201,623 222,085 Total commercial 445,605 222,085 Commercial Real Estate 563,707 578,758 Construction 140 1,618 Residential Real Estate 25,076 32,748 Consumer Installment & Other 275,481 291,455 Total $ 1,310,009 $ 1,126,664 The following summarizes activity in the allowance for loan losses/credit losses: Allowance for Credit Losses For the Three Months Ended September 30, 2020 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Total (In thousands) Allowance for credit losses: Balance at beginning of period $ 8,072 $ 4,623 $ 7 $ 57 $ 11,770 $ 24,529 Provision (reversal) 867 1,030 - (5 ) (1,892 ) - Chargeoffs - - - - (872 ) (872 ) Recoveries 46 12 - - 427 485 Total allowance for credit losses $ 8,985 $ 5,665 $ 7 $ 52 $ 9,433 $ 24,142 Allowance for Credit Losses For the Nine Months Ended September 30, 2020 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Unallocated Total (In thousands) Allowance for credit losses: Balance at beginning of period, prior to adoption of ASU 2016-13 $ 4,959 $ 4,064 $ 109 $ 206 $ 6,445 $ 3,701 $ 19,484 Impact of adopting ASU 2016-13 3,385 618 (31 ) (132 ) 1,878 (3,701 ) 2,017 Adjusted beginning balance 8,344 4,682 78 74 8,323 - 21,501 Provision (reversal) 537 946 (71 ) (22 ) 2,910 - 4,300 Chargeoffs (178 ) - - - (3,071 ) - (3,249 ) Recoveries 282 37 - - 1,271 - 1,590 Total allowance for credit losses $ 8,985 $ 5,665 $ 7 $ 52 $ 9,433 $ - $ 24,142 The growth in commercial loan balances was due to originations of PPP loans which are 100% not Allowance for Loan Losses For the Three Months Ended September 30, 2019 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 5,235 $ 4,057 $ 1,117 $ 238 $ 5,418 $ 4,052 $ 20,117 (Reversal) provision (596 ) (1 ) 482 (16 ) 655 (524 ) - Chargeoffs - - - - (1,039 ) - (1,039 ) Recoveries 233 12 - - 505 - 750 Total allowance for loan losses $ 4,872 $ 4,068 $ 1,599 $ 222 $ 5,539 $ 3,528 $ 19,828 Allowance for Loan Losses For the Nine Months Ended September 30, 2019 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 6,311 $ 3,884 $ 1,465 $ 869 $ 5,645 $ 3,177 $ 21,351 (Reversal) provision (1,817 ) 146 134 (647 ) 1,833 351 - Chargeoffs (71 ) - - - (3,332 ) - (3,403 ) Recoveries 449 38 - - 1,393 - 1,880 Total allowance for loan losses $ 4,872 $ 4,068 $ 1,599 $ 222 $ 5,539 $ 3,528 $ 19,828 The allowance for loan losses and recorded investment in loans evaluated for impairment were as follows: Allowance for Loan Losses and Recorded Investment in Loans Evaluated for Impairment At December 31, 2019 Commercial Commercial Real Estate Construction Residential Real Estate Consumer Installment and Other Unallocated Total (In thousands) Allowance for loan losses: Individually evaluated for impairment $ 2,413 $ - $ - $ - $ - $ - $ 2,413 Collectively evaluated for impairment 2,546 4,064 109 206 6,445 3,701 17,071 Total $ 4,959 $ 4,064 $ 109 $ 206 $ 6,445 $ 3,701 $ 19,484 Carrying value of loans: Individually evaluated for impairment $ 8,182 $ 7,409 $ - $ 190 $ 43 $ - $ 15,824 Collectively evaluated for impairment 213,903 571,349 1,618 32,558 291,412 - 1,110,840 Total $ 222,085 $ 578,758 $ 1,618 $ 32,748 $ 291,455 $ - $ 1,126,664 The Company’s customers are small businesses, professionals and consumers. Given the scale of these borrowers, corporate credit rating agencies do not The following summarizes the credit risk profile by internally assigned grade: Credit Risk Profile by Internally Assigned Grade At September 30, 2020 Commercial Commercial Real Estate Construction Residential Real Estate Consumer Installment and Other Total (In thousands) Grade: Pass $ 437,216 $ 546,714 $ 140 $ 23,699 $ 274,251 $ 1,282,020 Substandard 8,389 16,993 - 1,377 320 27,079 Doubtful - - - - 505 505 Loss - - - - 405 405 Total $ 445,605 $ 563,707 $ 140 $ 25,076 $ 275,481 $ 1,310,009 Credit Risk Profile by Internally Assigned Grade At December 31, 2019 Commercial Commercial Real Estate Construction Residential Real Estate Consumer Installment and Other Total (In thousands) Grade: Pass $ 213,542 $ 567,525 $ 1,618 $ 31,055 $ 289,424 $ 1,103,164 Substandard 8,543 11,233 - 1,693 1,329 22,798 Doubtful - - - - 308 308 Loss - - - - 394 394 Total $ 222,085 $ 578,758 $ 1,618 $ 32,748 $ 291,455 $ 1,126,664 The following tables summarize loans by delinquency and nonaccrual status: Summary of Loans by Delinquency and Nonaccrual Status At September 30, 2020 Current and Accruing 30-59 Days Past Due and Accruing 60-89 Days Past Due and Accruing Past Due 90 Days or More and Accruing Nonaccrual Total Loans (In thousands) Commercial $ 444,496 $ 963 $ 39 $ - $ 107 $ 445,605 Commercial real estate 559,361 624 - - 3,722 563,707 Construction 140 - - - - 140 Residential real estate 24,357 558 - - 161 25,076 Consumer installment and other 272,631 1,328 772 360 390 275,481 Total $ 1,300,985 $ 3,473 $ 811 $ 360 $ 4,380 $ 1,310,009 Summary of Loans by Delinquency and Nonaccrual Status At December 31, 2019 Current and Accruing 30-59 Days Past Due and Accruing 60-89 Days Past Due and Accruing Past Due 90 Days or More and Accruing Nonaccrual Total Loans (In thousands) Commercial $ 221,199 $ 531 $ 158 $ - $ 197 $ 222,085 Commercial real estate 573,809 432 421 - 4,096 578,758 Construction 1,618 - - - - 1,618 Residential real estate 31,934 274 540 - - 32,748 Consumer installment and other 286,391 2,960 1,517 440 147 291,455 Total $ 1,114,951 $ 4,197 $ 2,636 $ 440 $ 4,440 $ 1,126,664 There was no allowance for credit losses allocated to loans on nonaccrual status as of September 30, 2020. September 30, 2020 December 31, 2019. The following summarizes impaired loans as of December 31, 2019: Impaired Loans At December 31, 2019 Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) With no related allowance recorded: Commercial $ 21 $ 21 $ - Commercial real estate 7,408 8,856 - Residential real estate 190 220 - Consumer installment and other 43 43 - Total with no related allowance recorded 7,662 9,140 - With an allowance recorded: Commercial 8,160 8,160 2,413 Total with an allowance recorded 8,160 8,160 2,413 Total $ 15,822 $ 17,300 $ 2,413 Impaired loans at December 31, 2019, Impaired Loans For the Three Months For the Nine Months Ended September 30, 2019 Average Recognized Average Recognized Recorded Interest Recorded Interest Investment Income Investment Income (In thousands) Commercial $ 8,701 $ 144 $ 9,404 $ 476 Commercial real estate 7,968 60 7,133 333 Residential real estate 194 4 196 10 Consumer installment and other 99 - 103 - Total $ 16,962 $ 208 $ 16,836 $ 819 The following tables provide information on troubled debt restructurings (TDRs): Troubled Debt Restructurings At September 30, 2020 Period-End Individual Number of Pre-Modification Period-End Credit Loss Contracts Carrying Value Carrying Value Allowance ($ in thousands) Commercial real estate 6 $ 8,367 $ 6,121 $ - Residential real estate 1 241 183 - Total 7 $ 8,608 $ 6,304 $ - Troubled Debt Restructurings At December 31, 2019 Period-End Individual Number of Pre-Modification Period-End Impairment Contracts Carrying Value Carrying Value Allowance ($ in thousands) Commercial 2 $ 278 $ 32 $ 11 Commercial real estate 6 8,367 6,492 - Residential real estate 1 241 189 - Total 9 $ 8,886 $ 6,713 $ 11 During the three nine September 30, 2020, not 4013 19 three nine September 30, 2020, 4013 90 September 30, 2020, September 30, 2020, three nine September 30, 2019, not three nine September 30, 2020 2019. three nine September 30, 2020 2019, 12 ninety TDRs of $6,304 thousand included loans of $3,420 thousand on nonaccrual status at September 30, 2020. No one September 30, 2020. September 30, 2020. September 30, 2020, 90 no September 30, 2020. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: At September 30, 2020 Revolving Loans Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2015 2016 2017 2018 2019 2020 Term Loans Cost Basis Total (In thousands) Commercial loans by grade Pass $ 20,496 $ 5,205 $ 26,132 $ 10,860 $ 21,343 $ 42,380 $ 270,664 $ 397,080 $ 40,136 $ 437,216 Substandard 64 - 1 - - - 7,876 7,941 448 8,389 Doubtful - - - - - - - - - - Loss - - - - - - - - - - Total $ 20,560 $ 5,205 $ 26,133 $ 10,860 $ 21,343 $ 42,380 $ 278,540 $ 405,021 $ 40,584 $ 445,605 At September 30, 2020 Revolving Loans Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2015 2016 2017 2018 2019 2020 Term Loans Cost Basis Total (In thousands) Commercial real estate loans by grade Pass $ 88,661 $ 50,764 $ 43,804 $ 101,731 $ 95,622 $ 94,531 $ 71,601 $ 546,714 $ - $ 546,714 Substandard 4,807 1,314 9,921 107 - - 844 16,993 - 16,993 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 93,468 $ 52,078 $ 53,725 $ 101,838 $ 95,622 $ 94,531 $ 72,445 $ 563,707 $ - $ 563,707 At September 30, 2020 Revolving Loans Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2015 2016 2017 2018 2019 2020 Term Loans Cost Basis Total (In thousands) Construction loans by grade Pass $ - $ - $ - $ - $ - $ - $ - $ - $ 140 $ 140 Substandard - - - - - - - - - - Doubtful - - - - - - - - - - Loss - - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ - $ - $ 140 $ 140 At September 30, 2020 Revolving Loans Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2015 2016 2017 2018 2019 2020 Term Loans Cost Basis Total (In thousands) Residential Real Estate loans by grade Pass $ 23,699 $ - $ - $ - $ - $ - $ - $ 23,699 $ - $ 23,699 Substandard 1,377 - - - - - - 1,377 - 1,377 Doubtful - - - - - - - - - - Loss - - - - - - - - - - Total $ 25,076 $ - $ - $ - $ - $ - $ - $ 25,076 $ - $ 25,076 The Company considers the delinquency and nonaccrual status of the consumer loan portfolio and its impact on the allowance for credit losses. The following table presents the amortized cost in consumer installment and other loans based on delinquency and nonaccrual status: At September 30, 2020 Revolving Loans Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2015 2016 2017 2018 2019 2020 Term Loans Cost Basis Total (In thousands) Consumer installment and other loans by delinquency and nonaccrual status Current $ 5,087 $ 6,457 $ 19,339 $ 24,554 $ 53,347 $ 69,313 $ 64,893 $ 242,990 $ 29,641 $ 272,631 30-59 days past due 35 91 147 224 266 402 148 1,313 15 1,328 60-89 days past due 2 30 48 163 327 160 40 770 2 772 Past due 90 days or more - 5 29 - 226 66 31 357 3 360 Nonaccrual - - - - - - - - 390 390 Total $ 5,124 $ 6,583 $ 19,563 $ 24,941 $ 54,166 $ 69,941 $ 65,112 $ 245,430 $ 30,051 $ 275,481 There were no September 30, 2020 December 31, 2019. At September 30, 2020 December 31, 2019, no September 30, 2020 December 31, 2019. no September 30, 2020 December 31, 2019. September 30, 2020 December 31, 2019. |