Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Aging of the Company's Loan Portfolio

The tables below show the aging of the Company’s loan portfolio at September 30, 2018, December 31, 2017 and September 30, 2017:



As of September 30, 2018			90+ days and still accruing		60-89 days past due		30-59 days past due
(Dollars in thousands)	Nonaccrual								Current		Total Loans
Loan Balances:
Commercial
Commercial, industrial and other	$	41,322	$	—	$	2,535	$	16,451	$	4,745,178	$	4,805,486
Franchise	16,351		5,122		—		—		915,817		937,290
Mortgage warehouse lines of credit	—		—		3,000		—		168,860		171,860
Asset-based lending	910		—		590		9,083		1,023,268		1,033,851
Leases	4		—		—		80		509,591		509,675
PCI - commercial ⁽¹⁾	—		3,372		15		—		12,409		15,796
Total commercial	58,587		8,494		6,140		25,614		7,375,123		7,473,958
Commercial real estate:
Construction	1,554		—		1,823		16,228		778,725		798,330
Land	228		—		365		—		118,411		119,004
Office	1,532		—		4,058		3,021		932,166		940,777
Industrial	178		—		122		145		885,486		885,931
Retail	10,586		—		4,570		10,645		861,901		887,702
Multi-family	318		—		—		1,162		922,413		923,893
Mixed use and other	3,119		—		9,654		11,503		2,062,179		2,086,455
PCI - commercial real estate ⁽¹⁾	—		5,578		6,448		1,380		91,276		104,682
Total commercial real estate	17,515		5,578		27,040		44,084		6,652,557		6,746,774
Home equity	8,523		—		1,075		3,478		565,768		578,844
Residential real estate, including PCI	16,062		1,865		1,714		603		904,006		924,250
Premium finance receivables
Commercial insurance loans	13,802		7,028		5,945		13,239		2,845,313		2,885,327
Life insurance loans	—		—		—		22,016		4,203,465		4,225,481
PCI - life insurance loans ⁽¹⁾	—		—		—		—		173,490		173,490
Consumer and other, including PCI	355		295		430		329		114,418		115,827
Total loans, net of unearned income	$	114,844	$	23,260	$	42,344	$	109,363	$	22,834,140	$	23,123,951



As of December 31, 2017			90+ days and still accruing		60-89 days past due		30-59 days past due
(Dollars in thousands)	Nonaccrual								Current		Total Loans
Loan Balances:
Commercial
Commercial, industrial and other	$	11,260	$	—	$	3,746	$	13,392	$	4,314,107	$	4,342,505
Franchise	2,447		—		—		—		845,150		847,597
Mortgage warehouse lines of credit	—		—		—		4,000		190,523		194,523
Asset-based lending	1,550		—		283		10,057		968,576		980,466
Leases	439		—		3		1,958		410,772		413,172
PCI - commercial ⁽¹⁾	—		877		186		—		8,351		9,414
Total commercial	15,696		877		4,218		29,407		6,737,479		6,787,677
Commercial real estate
Construction	3,143		—		—		200		742,171		745,514
Land	188		—		—		5,156		121,140		126,484
Office	2,438		—		—		4,458		887,937		894,833
Industrial	811		—		—		2,412		879,796		883,019
Retail	12,328		—		668		148		938,383		951,527
Multi-family	—		—		—		1,034		914,610		915,644
Mixed use and other	3,140		—		1,423		9,641		1,921,501		1,935,705
PCI - commercial real estate ⁽¹⁾	—		7,135		2,255		6,277		112,225		127,892
Total commercial real estate	22,048		7,135		4,346		29,326		6,517,763		6,580,618
Home equity	8,978		—		518		4,634		648,915		663,045
Residential real estate, including PCI	17,977		5,304		1,303		8,378		799,158		832,120
Premium finance receivables
Commercial insurance loans	12,163		9,242		17,796		15,849		2,579,515		2,634,565
Life insurance loans	—		—		4,837		10,017		3,820,936		3,835,790
PCI - life insurance loans ⁽¹⁾	—		—		—		—		199,269		199,269
Consumer and other, including PCI	740		101		242		727		105,903		107,713
Total loans, net of unearned income	$	77,602	$	22,659	$	33,260	$	98,338	$	21,408,938	$	21,640,797


(1)	PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.



As of September 30, 2017			90+ days and still accruing		60-89 days past due		30-59 days past due
(Dollars in thousands)	Nonaccrual		90+ days and still accruing		60-89 days past due		30-59 days past due		Current		Total Loans
Loan Balances:
Commercial
Commercial, industrial and other	$	12,281	$	—	$	3,161	$	13,710	$	4,091,381	$	4,120,533
Franchise	—		—		—		16,719		836,997		853,716
Mortgage warehouse lines of credit	—		—		—		312		194,058		194,370
Asset-based lending	1,141		—		1,533		4,515		889,147		896,336
Leases	509		—		281		1,194		379,410		381,394
PCI - commercial ⁽¹⁾	—		1,489		61		—		8,135		9,685
Total commercial	13,931		1,489		5,036		36,450		6,399,128		6,456,034
Commercial real estate:
Construction	1,607		—		366		2,064		669,940		673,977
Land	196		—		—		—		102,557		102,753
Office	5,148		—		—		1,220		874,583		880,951
Industrial	1,848		—		137		438		834,062		836,485
Retail	2,200		—		3,030		3,674		925,335		934,239
Multi-family	569		—		68		3,058		861,290		864,985
Mixed use and other	3,310		—		843		3,561		1,966,601		1,974,315
PCI - commercial real estate ⁽¹⁾	—		8,443		1,394		2,940		120,299		133,076
Total commercial real estate	14,878		8,443		5,838		16,955		6,354,667		6,400,781
Home equity	7,581		—		446		2,590		662,352		672,969
Residential real estate, including PCI	14,743		1,120		2,055		165		771,416		789,499
Premium finance receivables
Commercial insurance loans	9,827		9,584		7,421		9,966		2,628,114		2,664,912
Life insurance loans	—		6,740		946		6,937		3,571,388		3,586,011
PCI - life insurance loans ⁽¹⁾	—		—		—		—		209,463		209,463
Consumer and other, including PCI	540		221		242		685		131,424		133,112
Total loans, net of unearned income, excluding covered loans	$	61,500	$	27,597	$	21,984	$	73,748	$	20,727,952	$	20,912,781
Covered loans	1,936		2,233		1,074		45		41,313		46,601
Total loans, net of unearned income	$	63,436	$	29,830	$	23,058	$	73,793	$	20,769,265	$	20,959,382


(1)	PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.

Summary of Performance by Loan Class

The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at September 30, 2018, December 31, 2017 and September 30, 2017:



	Performing						Non-performing						Total
(Dollars in thousands)	September 30, 2018		December 31, 2017		September 30, 2017		September 30, 2018		December 31, 2017		September 30, 2017		September 30, 2018		December 31, 2017		September 30, 2017
Loan Balances:
Commercial
Commercial, industrial and other	$	4,764,164	$	4,331,245	$	4,108,252	$	41,322	$	11,260	$	12,281	$	4,805,486	$	4,342,505	$	4,120,533
Franchise	915,817		845,150		853,716		21,473		2,447		—		937,290		847,597		853,716
Mortgage warehouse lines of credit	171,860		194,523		194,370		—		—		—		171,860		194,523		194,370
Asset-based lending	1,032,941		978,916		895,195		910		1,550		1,141		1,033,851		980,466		896,336
Leases	509,671		412,733		380,885		4		439		509		509,675		413,172		381,394
PCI - commercial ⁽¹⁾	15,796		9,414		9,685		—		—		—		15,796		9,414		9,685
Total commercial	7,410,249		6,771,981		6,442,103		63,709		15,696		13,931		7,473,958		6,787,677		6,456,034
Commercial real estate
Construction	796,776		742,371		672,370		1,554		3,143		1,607		798,330		745,514		673,977
Land	118,776		126,296		102,557		228		188		196		119,004		126,484		102,753
Office	939,245		892,395		875,803		1,532		2,438		5,148		940,777		894,833		880,951
Industrial	885,753		882,208		834,637		178		811		1,848		885,931		883,019		836,485
Retail	877,116		939,199		932,039		10,586		12,328		2,200		887,702		951,527		934,239
Multi-family	923,575		915,644		864,416		318		—		569		923,893		915,644		864,985
Mixed use and other	2,083,336		1,932,565		1,971,005		3,119		3,140		3,310		2,086,455		1,935,705		1,974,315
PCI - commercial real estate⁽¹⁾	104,682		127,892		133,076		—		—		—		104,682		127,892		133,076
Total commercial real estate	6,729,259		6,558,570		6,385,903		17,515		22,048		14,878		6,746,774		6,580,618		6,400,781
Home equity	570,321		654,067		665,388		8,523		8,978		7,581		578,844		663,045		672,969
Residential real estate, including PCI	908,188		810,865		774,756		16,062		21,255		14,743		924,250		832,120		789,499
Premium finance receivables
Commercial insurance loans	2,864,497		2,613,160		2,645,501		20,830		21,405		19,411		2,885,327		2,634,565		2,664,912
Life insurance loans	4,225,481		3,835,790		3,579,271		—		—		6,740		4,225,481		3,835,790		3,586,011
PCI - life insurance loans ⁽¹⁾	173,490		199,269		209,463		—		—		—		173,490		199,269		209,463
Consumer and other, including PCI	115,239		106,933		132,413		588		780		699		115,827		107,713		133,112
Total loans, net of unearned income, excluding covered loans	$	22,996,724	$	21,550,635	$	20,834,798	$	127,227	$	90,162	$	77,983	$	23,123,951	$	21,640,797	$	20,912,781


(1)	PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans.

Summary of Activity in the Allowance for Credit Losses

A summary of activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the nine months ended September 30, 2018 and 2017 is as follows:



Three months ended September 30, 2018				Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivables			Consumer and Other			Total, Excluding Covered Loans
(Dollars in thousands)	Commercial			Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivables			Consumer and Other			Total, Excluding Covered Loans
Allowance for credit losses
Allowance for loan losses at beginning of period	$	60,727		$	57,660		$	9,551		$	6,336		$	7,734		$	1,394		$	143,402
Other adjustments	(1		)	(15		)	(2		)	(14		)	14			—			(18		)
Reclassification from allowance for unfunded lending-related commitments	—			(2		)	—			—			—			—			(2		)
Charge-offs	(3,219		)	(208		)	(561		)	(337		)	(2,512		)	(144		)	(6,981		)
Recoveries	304			193			142			466			1,142			66			2,313
Provision for credit losses	8,934			619			13			(160		)	1,796			(160		)	11,042
Allowance for loan losses at period end	$	66,745		$	58,247		$	9,143		$	6,291		$	8,174		$	1,156		$	149,756
Allowance for unfunded lending-related commitments at period end	$	—		$	1,245		$	—		$	—		$	—		$	—		$	1,245
Allowance for credit losses at period end	$	66,745		$	59,492		$	9,143		$	6,291		$	8,174		$	1,156		$	151,001
Individually evaluated for impairment	$	10,164		$	3,158		$	611		$	325		$	—		$	117		$	14,375
Collectively evaluated for impairment	55,987			56,316			8,532			5,894			8,174			1,039			135,942
Loans acquired with deteriorated credit quality	594			18			—			72			—			—			684
Loans at period end
Individually evaluated for impairment	$	67,381		$	31,952		$	11,284		$	21,781		$	—		$	401		$	132,799
Collectively evaluated for impairment	7,390,781			6,610,140			567,560			815,442			7,110,808			113,812			22,608,543
Loans acquired with deteriorated credit quality	15,796			104,682			—			9,144			173,490			1,614			304,726
Loans held at fair value	—			—			—			77,883			—			—			77,883



Three months ended September 30, 2017	Commercial			Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivables			Consumer and Other			Total, Excluding Covered Loans
(Dollars in thousands)	Commercial			Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivables			Consumer and Other			Total, Excluding Covered Loans
Allowance for credit losses
Allowance for loan losses at beginning of period	$	52,358		$	52,339		$	11,134		$	6,143		$	6,352		$	1,265		$	129,591
Other adjustments	(2		)	(38		)	—			(31		)	32			—			(39		)
Reclassification from allowance for unfunded lending-related commitments	500			(406		)	—			—			—			—			94
Charge-offs	(2,265		)	(989		)	(968		)	(267		)	(1,716		)	(213		)	(6,418		)
Recoveries	801			323			178			55			499			93			1,949
Provision for credit losses	4,343			811			212			757			1,386			433			7,942
Allowance for loan losses at period end	$	55,735		$	52,040		$	10,556		$	6,657		$	6,553		$	1,578		$	133,119
Allowance for unfunded lending-related commitments at period end	$	—		$	1,276		$	—		$	—		$	—		$	—		$	1,276
Allowance for credit losses at period end	$	55,735		$	53,316		$	10,556		$	6,657		$	6,553		$	1,578		$	134,395
Individually evaluated for impairment	$	4,568		$	1,184		$	691		$	758		$	—		$	34		$	7,235
Collectively evaluated for impairment	50,623			52,048			9,865			5,813			6,553			1,544			126,446
Loans acquired with deteriorated credit quality	544			84			—			86			—			—			714
Loans at period end
Individually evaluated for impairment	$	18,086		$	31,698		$	7,729		$	21,263		$	—		$	544		$	79,320
Collectively evaluated for impairment	6,428,263			6,236,007			665,240			735,185			6,250,923			13,581			20,447,199
Loans acquired with deteriorated credit quality	9,685			133,076			—			3,637			209,463			987			356,848
Loans held at fair value	—			—			—			29,414			—			—			29,414



Nine months ended September 30, 2018				Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivable			Consumer and Other			Total, Excluding Covered Loans
(Dollars in thousands)	Commercial			Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivable			Consumer and Other			Total, Excluding Covered Loans
Allowance for credit losses
Allowance for loan losses at beginning of period	$	57,811		$	55,227		$	10,493		$	6,688		$	6,846		$	840		$	137,905
Other adjustments	(3		)	(66		)	(2		)	(19		)	(12		)	—			(102		)
Reclassification from allowance for unfunded lending-related commitments	—			24			—			—			—			—			24
Charge-offs	(8,116		)	(1,176		)	(1,530		)	(1,088		)	(10,487		)	(732		)	(23,129		)
Recoveries	1,232			4,267			436			2,028			2,502			162			10,627
Provision for credit losses	15,821			(29		)	(254		)	(1,318		)	9,325			886			24,431
Allowance for loan losses at period end	$	66,745		$	58,247		$	9,143		$	6,291		$	8,174		$	1,156		$	149,756
Allowance for unfunded lending-related commitments at period end	$	—		$	1,245		$	—		$	—		$	—		$	—		$	1,245
Allowance for credit losses at period end	$	66,745		$	59,492		$	9,143		$	6,291		$	8,174		$	1,156		$	151,001



Nine months ended September 30, 2017				Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivable			Consumer and Other			Total, Excluding Covered Loans
(Dollars in thousands)	Commercial			Commercial Real Estate			Home Equity			Residential Real Estate			Premium Finance Receivable			Consumer and Other			Total, Excluding Covered Loans
Allowance for credit losses
Allowance for loan losses at beginning of period	$	44,493		$	51,422		$	11,774		$	5,714		$	7,625		$	1,263		$	122,291
Other adjustments	(23		)	(121		)	—			(38		)	57			—			(125		)
Reclassification from allowance for unfunded lending-related commitments	500			(438		)	—			—			—			—			62
Charge-offs	(3,819		)	(3,235		)	(3,224		)	(742		)	(5,021		)	(522		)	(16,563		)
Recoveries	1,635			1,153			387			287			1,515			267			5,244
Provision for credit losses	12,949			3,259			1,619			1,436			2,377			570			22,210
Allowance for loan losses at period end	$	55,735		$	52,040		$	10,556		$	6,657		$	6,553		$	1,578		$	133,119
Allowance for unfunded lending-related commitments at period end	$	—		$	1,276		$	—		$	—		$	—		$	—		$	1,276
Allowance for credit losses at period end	$	55,735		$	53,316		$	10,556		$	6,657		$	6,553		$	1,578		$	134,395

Summary Of Activity In Allowance For Covered Loan By FDIC Loss Table

A summary of activity in the allowance for covered loan losses for the three and nine months ended September 30, 2017 is as follows:



	Three Months Ended			Nine Months Ended
	September 30,			September 30,
(Dollars in thousands)	2017			2017
Balance at beginning of period	$	1,074		$	1,322
Provision for covered loan losses before benefit attributable to FDIC loss share agreements	(225		)	(1,063		)
Benefit attributable to FDIC loss share agreements	180			850
Net provision for covered loan losses	(45		)	(213		)
Increase in FDIC indemnification liability	(180		)	(850		)
Loans charged-off	(155		)	(491		)
Recoveries of loans charged-off	64			990
Net (charge-offs) recoveries	(91		)	499
Balance at end of period	$	758		$	758

Summary of Impaired Loans, Including Restructured Loans

A summary of impaired loans, including troubled debt restructurings ("TDRs"), is as follows:



	September 30,		December 31,		September 30,
(Dollars in thousands)	2018		2017		2017
Impaired loans (included in non-performing and TDRs):
Impaired loans with an allowance for loan loss required ⁽¹⁾	$	83,349	$	36,084	$	30,864
Impaired loans with no allowance for loan loss required	49,173		69,004		47,730
Total impaired loans ⁽²⁾	$	132,522	$	105,088	$	78,594
Allowance for loan losses related to impaired loans	$	14,365	$	8,023	$	7,218
TDRs	$	66,219	$	49,786	$	33,183


(1)	These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans.


(2)	Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest.

Summary of Impaired Loans by Loan Class

The following tables present impaired loans by loan class, excluding covered loans, for the periods ended as follows:



							For the Nine Months Ended
	As of September 30, 2018						September 30, 2018
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
(Dollars in thousands)
Impaired loans with a related ASC 310 allowance recorded
Commercial
Commercial, industrial and other	$	36,564	$	36,699	$	8,242	$	30,259	$	1,404
Franchise	16,316		18,504		1,638		18,387		771
Asset-based lending	646		646		283		724		39
Leases	1,777		1,777		1		1,836		69
Commercial real estate
Construction	1,554		1,554		390		1,554		56
Land	1,375		1,375		1		1,508		53
Office	579		647		26		591		19
Industrial	45		154		1		56		6
Retail	15,325		15,567		2,413		15,376		535
Multi-family	1,197		1,197		8		1,209		32
Mixed use and other	1,590		1,801		309		1,754		76
Home equity	2,287		2,651		611		2,303		78
Residential real estate	3,977		4,291		325		3,998		128
Consumer and other	117		130		117		119		5
Impaired loans with no related ASC 310 allowance recorded
Commercial
Commercial, industrial and other	$	5,758	$	7,022	$	—	$	9,325	$	465
Franchise	5,157		5,158		—		5,376		302
Asset-based lending	264		1,088		—		1,623		89
Leases	899		930		—		974		43
Commercial real estate
Construction	1,117		1,117		—		1,252		40
Land	2,325		2,431		—		2,366		98
Office	1,532		2,077		—		1,541		86
Industrial	178		195		—		188		9
Retail	777		946		—		874		42
Multi-family	318		412		—		329		9
Mixed use and other	3,763		4,362		—		3,950		194
Home equity	8,997		12,131		—		9,015		462
Residential real estate	17,804		20,291		—		18,193		643
Consumer and other	284		408		—		295		15
Total impaired loans, net of unearned income	$	132,522	$	145,561	$	14,365	$	134,975	$	5,768



							For the Twelve Months Ended
	As of December 31, 2017						December 31, 2017
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
(Dollars in thousands)
Impaired loans with a related ASC 310 allowance recorded
Commercial
Commercial, industrial and other	$	6,233	$	7,323	$	3,951	$	7,220	$	452
Franchise	—		—		—		—		—
Asset-based lending	948		949		355		1,302		72
Leases	2,331		2,337		158		2,463		117
Commercial real estate
Construction	3,097		3,897		403		3,690		197
Land	—		—		—		—		—
Office	471		471		5		481		24
Industrial	408		408		40		414		25
Retail	15,599		15,657		1,336		15,736		624
Multi-family	—		—		—		—		—
Mixed use and other	1,567		1,586		379		1,599		77
Home equity	1,606		1,869		784		1,626		81
Residential real estate	3,798		3,910		586		3,790		146
Consumer and other	26		28		26		27		2
Impaired loans with no related ASC 310 allowance recorded
Commercial
Commercial, industrial and other	$	8,460	$	12,259	$	—	$	10,170	$	683
Franchise	16,256		16,256		—		17,089		780
Asset-based lending	602		602		—		688		40
Leases	782		782		—		845		49
Commercial real estate
Construction	1,367		1,678		—		1,555		84
Land	3,961		4,192		—		4,129		182
Office	2,438		6,140		—		3,484		330
Industrial	403		2,010		—		1,849		174
Retail	2,393		3,538		—		2,486		221
Multi-family	1,231		2,078		—		1,246		76
Mixed use and other	5,275		6,731		—		5,559		351
Home equity	7,648		11,648		—		9,114		603
Residential real estate	17,455		20,327		—		17,926		860
Consumer and other	733		890		—		773		48
Total impaired loans, net of unearned income	$	105,088	$	127,566	$	8,023	$	115,261	$	6,298



							For the Nine Months Ended
	As of September 30, 2017						September 30, 2017
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
(Dollars in thousands)
Impaired loans with a related ASC 310 allowance recorded
Commercial
Commercial, industrial and other	$	7,312	$	8,458	$	4,191	$	8,390	$	407
Franchise	—		—		—		—		—
Asset-based lending	588		589		161		588		21
Leases	2,440		2,444		215		2,539		91
Commercial real estate
Construction	1,607		2,408		94		2,319		93
Land	—		—		—		—		—
Office	2,225		2,291		570		2,280		94
Industrial	408		408		75		415		19
Retail	5,932		6,072		158		5,998		191
Multi-family	1,239		1,239		8		1,250		33
Mixed use and other	1,537		1,695		263		1,580		60
Home equity	1,511		1,721		691		1,528		53
Residential real estate	5,842		6,154		758		5,842		177
Consumer and other	223		224		34		225		10
Impaired loans with no related ASC 310 allowance recorded
Commercial
Commercial, industrial and other	$	5,995	$	7,260	$	—	$	6,662	$	294
Franchise	—		—		—		—		—
Asset-based lending	553		553		—		728		31
Leases	817		817		—		862		38
Commercial real estate
Construction	1,504		1,504		—		1,524		49
Land	3,968		4,217		—		4,110		136
Office	3,400		3,585		—		3,565		147
Industrial	1,440		2,729		—		2,885		183
Retail	1,978		1,988		—		2,008		103
Multi-family	569		653		—		571		23
Mixed use and other	5,546		6,267		—		5,745		241
Home equity	6,218		9,523		—		7,231		339
Residential real estate	15,421		17,859		—		15,726		575
Consumer and other	321		433		—		334		16
Total impaired loans, net of unearned income	$	78,594	$	91,091	$	7,218	$	84,905	$	3,424

Summary of the Post-Modification Balance of TDRs

The tables below present a summary of the post-modification balance of loans restructured during the three and nine months ended September 30, 2018 and 2017, respectively, which represent TDRs:



Three months ended September 30, 2018 (Dollars in thousands)	Total ⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt⁽²⁾
	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial, industrial and other	1	$	519	1	$	519	—	$	—	—	$	—	—	$	—
Franchise	1	35		1	35		—	—		—	—		—	—
Leases	—	—		—	—		—	—		—	—		—	—
Commercial real estate
Office	—	—		—	—		—	—		—	—		—	—
Mixed use and other	—	—		—	—		—	—		—	—		—	—
Residential real estate and other	20	3,679		20	3,679		7	621		—	—		—	—
Total loans	22	$	4,233	22	$	4,233	7	$	621	—	$	—	—	$	—


(1)	TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above.


(2)	Balances represent the recorded investment in the loan at the time of the restructuring.



Three months ended September 30, 2017 (Dollars in thousands)	Total ⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt⁽²⁾
	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial, industrial and other	3	$	1,408	—	$	—	—	$	—	3	$	1,408	—	$	—
Franchise	—	—		—	—		—	—		—	—		—	—
Leases	—	—		—	—		—	—		—	—		—	—
Commercial real estate
Office	—	—		—	—		—	—		—	—		—	—
Mixed use and other	—	—		—	—		—	—		—	—		—	—
Residential real estate and other	2	255		1	186		2	255		—	—		1	69
Total loans	5	$	1,663	1	$	186	2	$	255	3	$	1,408	1	$	69


(1)	TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above.


(2)	Balances represent the recorded investment in the loan at the time of the restructuring.



Nine months ended September 30, 2018 (Dollars in thousands)	Total ⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt⁽²⁾
	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial, industrial and other	4	$	13,442	3	$	692	—	$	—	1	$	12,750	—	$	—
Franchise	3	5,157		1	35		—	—		2	5,122		—	—
Leases	1	239		1	239		—	—		—	—		—	—
Commercial real estate
Office	1	59		1	59		—	—		—	—		—	—
Mixed use and other	1	85		1	85		1	85		—	—		—	—
Residential real estate and other	31	5,846		31	5,846		12	1,417		—	—		—	—
Total loans	41	$	24,828	38	$	6,956	13	$	1,502	3	$	17,872	—	$	—



Nine months ended September 30, 2017 (Dollars in thousands)	Total⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt⁽²⁾
	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial, industrial and other	4	$	1,503	1	$	95	—	$	—	3	$	1,408	—	$	—
Franchise	—	—		—	—		—	—		—	—		—	—
Leases	—	—		—	—		—	—		—	—		—	—
Commercial real estate
Office	—	—		—	—		—	—		—	—		—	—
Mixed use and other	1	1,245		1	1,245		—	—		—	—		—	—
Residential real estate and other	8	2,638		7	2,569		7	2,589		—	—		1	69
Total loans	13	$	5,386	9	$	3,909	7	$	2,589	3	$	1,408	1	$	69


(1)	TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above.


(2)	Balances represent the recorded investment in the loan at the time of the restructuring.

Schedule of Loans Restructured with Payments in Default

The following table presents a summary of all loans restructured in TDRs during the twelve months ended September 30, 2018 and 2017, and such loans which were in payment default under the restructured terms during the respective periods below:



(Dollars in thousands)	As of September 30, 2018			Three Months Ended September 30, 2018			Nine Months Ended September 30, 2018
	Total ⁽¹⁾⁽³⁾			Payments in Default⁽²⁾⁽³⁾			Payments in Default⁽²⁾⁽³⁾
	Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial, industrial and other	5	$	15,714	3	$	2,447	3	$	2,447
Franchise	6	21,413		2	5,122		2	5,122
Leases	1	239		—	—		—	—
Commercial real estate
Office	1	59		—	—		—	—
Industrial	—	—		—	—		—	—
Mixed use and other	1	85		1	85		1	85
Residential real estate and other	35	6,257		7	1,457		7	1,457
Total loans	49	$	43,767	13	$	9,111	13	$	9,111



(Dollars in thousands)	As of September 30, 2017			Three Months Ended September 30, 2017			Nine Months Ended September 30, 2017
	Total ⁽¹⁾⁽³⁾			Payments in Default ⁽²⁾⁽³⁾			Payments in Default ⁽²⁾⁽³⁾
	Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial, industrial and other	4	$	1,503	—	$	—	—	$	—
Franchise	—	—		—	—		—	—
Leases	2	2,949		—	—		—	—
Commercial real estate
Office	—	—		—	—		—	—
Mixed use and other	1	1,245		1	1,245		1	1,245
Residential real estate and other	12	3,137		1	52		2	284
Total loans	19	$	8,834	2	$	1,297	3	$	1,529


(1)	Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated.


(2)	TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring.


(3)	Balances represent the recorded investment in the loan at the time of the restructuring.