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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Financing Receivable Credit Quality Indicators
The following tables presents the amortized cost basis of the Company's loan portfolio risk ratings within portfolio classifications, by origination date, or revolving status as of March 31, 2021:

Term Loans By Origination Year
(Dollars in thousands)20212020201920182017PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial Real Estate
Pass $64,956 $246,121 $255,881 $131,110 $200,363 $567,086 $265 $— $1,465,782 
Special mention— — 907 822 232 11,923 — — 13,884 
Substandard— — 2,277 3,256 13,734 17,159 — — 36,426 
Doubtful— — — 195 — — — — 195 
Total commercial real estate64,956 246,121 259,065 135,383 214,329 596,168 265 — 1,516,287 
Commercial and Industrial
Pass7,070 49,002 51,153 26,666 25,717 64,689 176,394 382 401,073 
Special mention— 689 — 1,617 8 1,451 3,046 — 6,811 
Substandard— — 21 175 242 4,676 2,103 68 7,285 
Doubtful— — — — — — 2,267 — 2,267 
Total commercial and industrial7,070 49,691 51,174 28,458 25,967 70,816 183,810 450 417,436 
Commercial Construction
Pass28,098 109,078 113,840 44,719 6,494 28,223 19,968 — 350,420 
Substandard— — — 1,591 — 645 1,199 — 3,435 
Total commercial construction28,098 109,078 113,840 46,310 6,494 28,868 21,167 — 353,855 
SBA PPP Pass(1)
178,209 305,966 — — — — — — 484,175 
Residential
Pass13,655 65,170 36,809 37,124 19,172 73,710 — — 245,640 
Special mention— — — — — 602 — — 602 
Substandard— — — — — 1,349 — — 1,349 
Total Residential13,655 65,170 36,809 37,124 19,172 75,661 — — 247,591 
Home Equity
Pass23 487 376 — — 2,499 77,694 — 81,079 
Substandard— — — — — 271 87 — 358 
Total Home equity23 487 376 — — 2,770 77,781 — 81,437 
Consumer
Pass1,216 2,051 2,155 1,376 903 849 — — 8,550 
Substandard— — — 14 — 15 — — 29 
Total Consumer1,216 2,051 2,155 1,390 903 864 — — 8,579 
Total Loans $293,227 $778,564 $463,419 $248,665 $266,865 $775,147 $283,023 $450 $3,109,360 
__________________________________________
(1)All SBA PPP loans were "pass" rated at March 31, 2021, as these loans are 100% guaranteed by the federal government via the SBA.
The following table presents the Company's credit risk profile for each portfolio classification by internally assigned adverse risk rating category as of the period indicated:

 December 31, 2020
 
Adversely Classified(1)
Not Adversely 
(Dollars in thousands)SubstandardDoubtfulLossClassifiedGross Loans
Commercial real estate$40,088 $197 $— $1,437,950 $1,478,235 
Commercial and industrial7,901 2,293 — 425,466 435,660 
Commercial construction3,501 — — 369,808 373,309 
SBA paycheck protection program— — — 453,084 453,084 
Residential mortgages474 — — 252,497 252,971 
Home equity381 — — 84,625 85,006 
Consumer41 — — 8,940 8,981 
Total gross loans$52,386 $2,490 $— $3,032,370 $3,087,246 
__________________________________ 
(1) Prior to the adoption of CECL, the Company did not include special-mention risk rated loans as adversely classified.
Past Due Financing Receivables
The following table presents an age analysis of past due loans by portfolio classification as of the date indicated:
Balance at March 31, 2021
(Dollars in thousands)30-59 Days
Past Due		60-89 Days
Past Due		Past Due 90 days or more
Total Past
Due Loans(1)
Current LoansTotal
Loans
Commercial real estate$3,323 $— $3,752 $7,075 $1,509,212 $1,516,287 
Commercial and industrial292 83 599 974 416,462 417,436 
Commercial construction49 — 1,349 1,398 352,457 353,855 
SBA PPP loans— — — — 484,175 484,175 
Residential mortgages1,460 — — 1,460 246,131 247,591 
Home equity48 80 87 215 81,222 81,437 
Consumer6 1 — 7 8,572 8,579 
Total loans$5,178 $164 $5,787 $11,129 $3,098,231 $3,109,360 
_______________________________________
(1)The loan balances in the table above include non-accrual loans.
The following tables present an age analysis of past due loans by portfolio classification as of the date indicated:

Balance at December 31, 2020
(Dollars in thousands)30-59 Days
Past Due		60-89 Days
Past Due		Past Due 90 days or moreTotal Past
Due Loans		Current  LoansGross LoansNon-accrual Loans
Commercial real estate$6,105 $499 $5,592 $12,196 $1,466,039 $1,478,235 $29,680 
Commercial and industrial417 13 607 1,037 434,623 435,660 4,574 
Commercial construction13,466 — 1,351 14,817 358,492 373,309 2,999 
SBA paycheck protection program— — — — 453,084 453,084 — 
Residential mortgages890 — 290 1,180 251,791 252,971 414 
Home equity— — 255 255 84,751 85,006 381 
Consumer2 1 — 3 8,978 8,981 2 
Total gross loans$20,880 $513 $8,095 $29,488 $3,057,758 $3,087,246 $38,050 
Financing Receivable, Nonaccrual
The following table presents non-accrual loans by portfolio classification as of March 31, 2021:

(Dollars in thousands)Non-Accrual Loans with an allowance for credit lossNon-Accrual Loans without an allowance for credit lossTotal Non-Accrual Loans
Commercial real estate$16,592 $10,601 $27,193 
Commercial and industrial3,181 1,554 4,735 
Commercial construction— 2,945 2,945 
SBA PPP loans— — — 
Residential mortgages— 398 398 
Home equity — 358 358 
Consumer1 — 1 
Total loans$19,774 $15,856 $35,630 
Impaired Financing Receivables
The following table presents the recorded investment in collateral dependent individually evaluated loans and the related specific allowance by portfolio allocation as of the date indicated:

Balance at March 31, 2021
(Dollars in thousands)Unpaid
contractual
principal
balance		Total recorded
investment in
collateral dependent loans		Recorded
investment
with no
allowance		Recorded
investment
with
allowance		Related specific
allowance
Commercial real estate$35,842 $32,624 $15,758 $16,866 $1,732 
Commercial and industrial9,568 7,524 4,400 3,124 2,219 
Commercial construction3,668 2,945 2,945 — — 
SBA PPP loans— — — — — 
Residential mortgages916 803 803 — — 
Home equity521 358 358 — — 
Consumer— — — — — 
Total$50,515 $44,254 $24,264 $19,990 $3,951 
 
The following table sets forth the recorded investment in impaired loans and the related specific allowance allocated by portfolio classification as of the date indicated:

Balance at December 31, 2020
(Dollars in thousands)Unpaid
contractual
principal 
balance		Total recorded
investment in
impaired loans		Recorded
investment
with no
allowance		Recorded
investment
with
allowance		Related specific
allowance
Commercial real estate$37,184 $35,915 $14,728 $21,187 $3,454 
Commercial and industrial10,628 8,409 4,696 3,713 2,713 
Commercial construction3,668 2,999 2,999 — — 
SBA paycheck protection program — — — — — 
Residential mortgages699 596 596 — — 
Home equity539 381 381 — — 
Consumer18 18 — 18 18 
Total$52,736 $48,318 $23,400 $24,918 $6,185 
The following table presents the average recorded investment in impaired loans by portfolio classification and the related interest recognized during the three months indicated:
 Three months ended March 31, 2020
(Dollars in thousands)Average recorded
investment		Interest income recognized
Commercial real estate$15,273 $72 
Commercial and industrial7,808 28 
Commercial construction4,755 — 
SBA PPP loans— — 
Residential mortgages1,220 2 
Home equity402 — 
Consumer41 — 
Total$29,499 $102 
Troubled Debt Restructurings on Financing Receivables
The following table presents number and balance of loans modified as TDRs, by portfolio classification, during the three months indicated:
Three months ended
March 31, 2021
(Dollars in thousands)Number of
restructurings		Pre-modification
outstanding recorded
investment		Post-modification
outstanding recorded
investment
Commercial real estate2 $991 $914 
Commercial and industrial— — — 
Commercial construction— — — 
SBA PPP loans— — — 
Residential mortgages1 224 224 
Home equity— — — 
Consumer— — — 
Total3 $1,215 $1,138 
The following table sets forth the post modification balances of TDRs listed by type of modification for TDRs that occurred during the three-month period indicated:
Three months ended
March 31, 2021
(Dollars in thousands)Number of
restructurings		Amount
Extended maturity date 1 $234 
Temporary payment reduction and payment re-amortization of remaining principal over extended term2 904 
Temporary interest only payment plan— — 
Forbearance of post default rights— — 
Other payment concessions— — 
  Total3 $1,138 
Amount of allowance for credit losses for loans associated with TDRs listed above$— 
The following table sets forth the post modification balances of TDRs listed by type of modification for TDRs that occurred during the three-month periods indicated:
Three months ended
March 31, 2020
(Dollars in thousands)Number of
restructurings		Amount
Extended maturity date 2 $1,697 
Temporary payment reduction and payment re-amortization of remaining principal over extended term2 978 
Forbearance of post default rights2 1,022 
  Total6 $3,697 
Amount of specific reserves included in the allowance for loan losses associated with TDRs listed above$1,275 
The following table presents number and balance of loans modified as TDRs, by portfolio classification, during the three months indicated:
Three months ended
March 31, 2020
(Dollars in thousands)Number of
restructurings		Pre-modification
outstanding recorded
investment		Post-modification
outstanding recorded
investment
Commercial real estate— $— $— 
Commercial and industrial1 474 409 
Commercial construction4 3,440 3,287 
SBA PPP loans— — — 
Residential mortgages— — — 
Home equity— — — 
Consumer1 1 1 
Total6 $3,915 $3,697 
The following table presents loans modified as TDRs within the preceding twelve months, which had defaulted on the modified terms during the three months indicated:
Three months ended
March 31, 2020
(Dollars in thousands)Number of TDRs that defaultedPost-
modification outstanding
recorded investment
Commercial real estate1 $218 
Commercial and industrial1 151 
Commercial construction2 1,697 
SBA PPP loans— — 
Residential mortgages— — 
Home equity— — 
Consumer2 4 
Total6 $2,070 
Allowance for Credit Losses on Financing Receivables
Changes in the ACL for loans by portfolio classification for the three months ended March 31, 2021 are presented below: 
(Dollars in thousands)Commercial Real
Estate		Commercial and
Industrial		Commercial ConstructionResidential
Mortgage		Home
Equity		ConsumerTotal
Beginning Balance at December 31, 2020$26,755 $9,516 $6,129 $1,530 $467 $168 $44,565 
CECL adjustment upon adoption7,664 1,988 (2,416)(695)(158)177 6,560 
Provision for credit losses for loans1,081 (263)(230)54 (22)(10)610 
Recoveries— 55 — — 5 1 61 
Less: Charge offs1,825 70 — — — 2 1,897 
Ending Balance at March 31, 2021$33,675 $11,226 $3,483 $889 $292 $334 $49,899 
Changes in the allowance for loan losses by portfolio classification for the three months ended March 31, 2020 are presented below: 
(Dollars in thousands)Cmml Real
Estate		Cmml and
Industrial		Cmml
Constr		Resid.
Mortgage		Home
Equity		ConsumerTotal
Beginning Balance at December 31, 2019$18,338 $9,129 $4,149 $1,195 $536 $267 $33,614 
Provision for credit losses for loans2,523 1,104 2,012 403 97 8 6,147 
Recoveries— 107 — — 3 10 120 
Less: Charge offs— 105 — — — 12 117 
Ending Balance at March 31, 2020$20,861 $10,235 $6,161 $1,598 $636 $273 $39,764 
Ending allowance balance:
Allocated to loans individually evaluated for impairment$29 $908 $1,473 $— $— $38 $2,448 
Allocated to loans collectively evaluated for impairment$20,832 $9,327 $4,688 $1,598 $636 $235 $37,316 
Financing Receivables by Evaluation Method
The balances of loans as of December 31, 2020 by portfolio classification and evaluation method are summarized as follows:
(Dollars in thousands)Loans individually
evaluated for
impairment		Loans collectively
evaluated for
impairment		Gross Loans
Commercial real estate$35,915 $1,442,320 $1,478,235 
Commercial and industrial8,409 427,251 435,660 
Commercial construction2,999 370,310 373,309 
SBA paycheck protection program — 453,084 453,084 
Residential mortgages596 252,375 252,971 
Home equity381 84,625 85,006 
Consumer18 8,963 8,981 
Total gross loans$48,318 $3,038,928 $3,087,246