XML 35 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
LOANS (Tables)
 6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Schedule of composition of loans categorized by the type of loan

Loans outstanding, excluding those held for sale, by general ledger classification, as of June 30, 2018 and December 31, 2017, consisted of the following:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

June 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2018

 

 

Loans

 

 

2017

 

 

Loans

 

Residential mortgage

 

$

566,463

 

 

 

15.22

%

 

$

576,356

 

 

 

15.56

%

Multifamily mortgage

 

 

1,320,251

 

 

 

35.46

 

 

 

1,388,958

 

 

 

37.49

 

Commercial mortgage

 

 

637,705

 

 

 

17.13

 

 

 

626,656

 

 

 

16.92

 

Commercial loans

 

 

1,066,526

 

 

 

28.65

 

 

 

958,294

 

 

 

25.87

 

Home equity lines of credit

 

 

55,020

 

 

 

1.48

 

 

 

67,497

 

 

 

1.82

 

Consumer loans, including fixed rate home equity loans

 

 

76,509

 

 

 

2.05

 

 

 

86,277

 

 

 

2.33

 

Other loans

 

 

431

 

 

 

0.01

 

 

 

402

 

 

 

0.01

 

Total loans

 

$

3,722,905

 

 

 

100.00

%

 

$

3,704,440

 

 

 

100.00

%

 

In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal call report codes.  The following portfolio classes have been identified as of June 30, 2018 and December 31, 2017:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

June 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2018

 

 

Loans

 

 

2017

 

 

Loans

 

Primary residential mortgage

 

$

595,086

 

 

 

16.00

%

 

$

605,569

 

 

 

16.35

%

Home equity lines of credit

 

 

55,020

 

 

 

1.48

 

 

 

67,497

 

 

 

1.82

 

Junior lien loan on residence

 

 

7,669

 

 

 

0.21

 

 

 

7,073

 

 

 

0.19

 

Multifamily property

 

 

1,320,251

 

 

 

35.49

 

 

 

1,388,958

 

 

 

37.51

 

Owner-occupied commercial real estate

 

 

253,520

 

 

 

6.82

 

 

 

253,492

 

 

 

6.85

 

Investment commercial real estate

 

 

892,526

 

 

 

23.99

 

 

 

874,098

 

 

 

23.61

 

Commercial and industrial

 

 

399,828

 

 

 

10.75

 

 

 

316,294

 

 

 

8.54

 

Lease Financing

 

 

126,514

 

 

 

3.40

 

 

 

90,052

 

 

 

2.43

 

Farmland/agricultural production

 

 

153

 

 

 

—

 

 

 

160

 

 

 

0.01

 

Commercial construction loans

 

 

90

 

 

 

—

 

 

 

92

 

 

 

0.01

 

Consumer and other loans

 

 

69,330

 

 

 

1.86

 

 

 

99,247

 

 

 

2.68

 

Total loans

 

$

3,719,987

 

 

 

100.00

%

 

$

3,702,532

 

 

 

100.00

%

Net deferred costs

 

 

2,918

 

 

 

 

 

 

 

1,908

 

 

 

 

 

Total loans including net deferred costs

 

$

3,722,905

 

 

 

 

 

 

$

3,704,440

 

 

 

 

 

 
Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses

The following tables present the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowance for loan and lease losses (ALLL) as of June 30, 2018 and December 31, 2017:

 

 

 

June 30, 2018

 

 

 

Total

 

 

Ending ALLL

 

 

Total

 

 

Ending ALLL

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

Attributable

 

 

Loans

 

 

Attributable

 

 

 

 

 

 

 

 

 

 

 

Individually

 

 

To Loans

 

 

Collectively

 

 

To Loans

 

 

 

 

 

 

 

 

 

 

 

Evaluated

 

 

Individually

 

 

Evaluated

 

 

Collectively

 

 

 

 

 

 

Total

 

 

 

For

 

 

Evaluated for

 

 

For

 

 

Evaluated for

 

 

Total

 

 

Ending

 

(In thousands)

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Loans

 

 

ALL

 

Primary residential mortgage

 

$

8,441

 

 

$

366

 

 

$

586,645

 

 

$

4,016

 

 

$

595,086

 

 

$

4,382

 

Home equity lines of credit

 

 

25

 

 

 

—

 

 

 

54,995

 

 

 

190

 

 

 

55,020

 

 

 

190

 

Junior lien loan on residence

 

 

46

 

 

 

—

 

 

 

7,623

 

 

 

17

 

 

 

7,669

 

 

 

17

 

Multifamily property

 

 

—

 

 

 

—

 

 

 

1,320,251

 

 

 

8,259

 

 

 

1,320,251

 

 

 

8,259

 

Owner-occupied commercial real estate

 

 

1,998

 

 

 

—

 

 

 

251,522

 

 

 

2,525

 

 

 

253,520

 

 

 

2,525

 

Investment commercial real estate

 

 

20,201

 

 

 

1,250

 

 

 

872,325

 

 

 

12,409

 

 

 

892,526

 

 

 

13,659

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

399,828

 

 

 

7,356

 

 

 

399,828

 

 

 

7,356

 

Lease financing

 

 

—

 

 

 

—

 

 

 

126,514

 

 

 

1,311

 

 

 

126,514

 

 

 

1,311

 

Farmland/agricultural production

 

 

—

 

 

 

—

 

 

 

153

 

 

 

2

 

 

 

153

 

 

 

2

 

Commercial construction loans

 

 

—

 

 

 

—

 

 

 

90

 

 

 

1

 

 

 

90

 

 

 

1

 

Consumer and other loans

 

 

—

 

 

 

—

 

 

 

69,330

 

 

 

364

 

 

 

69,330

 

 

 

364

 

Total ALLL

 

$

30,711

 

 

$

1,616

 

 

$

3,689,276

 

 

$

36,450

 

 

$

3,719,987

 

 

$

38,066

 

 

 

 

December 31, 2017

 

 

 

Total

 

 

Ending ALLL

 

 

Total

 

 

Ending ALLL

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

Attributable

 

 

Loans

 

 

Attributable

 

 

 

 

 

 

 

 

 

 

 

Individually

 

 

To Loans

 

 

Collectively

 

 

To Loans

 

 

 

 

 

 

 

 

 

 

 

Evaluated

 

 

Individually

 

 

Evaluated

 

 

Collectively

 

 

 

 

 

 

Total

 

 

 

For

 

 

Evaluated for

 

 

For

 

 

Evaluated for

 

 

Total

 

 

Ending

 

(In thousands)

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Loans

 

 

ALLL

 

Primary residential mortgage

 

$

9,802

 

 

$

482

 

 

$

595,767

 

 

$

3,603

 

 

$

605,569

 

 

$

4,085

 

Home equity lines of credit

 

 

27

 

 

 

—

 

 

 

67,470

 

 

 

221

 

 

 

67,497

 

 

 

221

 

Junior lien loan on residence

 

 

52

 

 

 

—

 

 

 

7,021

 

 

 

12

 

 

 

7,073

 

 

 

12

 

Multifamily property

 

 

—

 

 

 

—

 

 

 

1,388,958

 

 

 

10,007

 

 

 

1,388,958

 

 

 

10,007

 

Owner-occupied commercial real estate

 

 

2,503

 

 

 

—

 

 

 

250,989

 

 

 

2,385

 

 

 

253,492

 

 

 

2,385

 

Investment commercial real estate

 

 

10,681

 

 

 

40

 

 

 

863,417

 

 

 

11,893

 

 

 

874,098

 

 

 

11,933

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

316,294

 

 

 

6,563

 

 

 

316,294

 

 

 

6,563

 

Lease financing

 

 

—

 

 

 

—

 

 

 

90,052

 

 

 

884

 

 

 

90,052

 

 

 

884

 

Farmland/agricultural production

 

 

—

 

 

 

—

 

 

 

160

 

 

 

—

 

 

 

160

 

 

 

-

 

Commercial construction loans

 

 

—

 

 

 

—

 

 

 

92

 

 

 

1

 

 

 

92

 

 

 

1

 

Consumer and other loans

 

 

—

 

 

 

—

 

 

 

99,247

 

 

 

349

 

 

 

99,247

 

 

 

349

 

Total ALLL

 

$

23,065

 

 

$

522

 

 

$

3,679,467

 

 

$

35,918

 

 

$

3,702,532

 

 

$

36,440

 

 
Schedule of loans individually evaluated for impairment

The following tables present loans individually evaluated for impairment by class of loans as of June 30, 2018 and December 31, 2017 (The average impaired loans on the following tables represent year to date impaired loans.):

 

 

 

June 30, 2018

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

8,568

 

 

$

7,309

 

 

$

—

 

 

$

7,983

 

Owner-occupied commercial real estate

 

 

2,796

 

 

 

1,998

 

 

 

—

 

 

 

2,175

 

Investment commercial real estate

 

 

15,351

 

 

 

15,351

 

 

 

—

 

 

 

6,748

 

Home equity lines of credit

 

 

27

 

 

 

25

 

 

 

—

 

 

 

26

 

Junior lien loan on residence

 

 

107

 

 

 

46

 

 

 

—

 

 

 

48

 

Total loans with no related allowance

 

$

26,849

 

 

$

24,729

 

 

$

—

 

 

$

16,980

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,153

 

 

$

1,132

 

 

$

366

 

 

$

1,143

 

Investment commercial real estate

 

 

4,977

 

 

 

4,850

 

 

 

1,250

 

 

 

4,892

 

Total loans with related allowance

 

$

6,130

 

 

$

5,982

 

 

$

1,616

 

 

$

6,035

 

Total loans individually evaluated for Impairment

 

$

32,979

 

 

$

30,711

 

 

$

1,616

 

 

$

23,015

 

 

 

 

December 31, 2017

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

9,607

 

 

$

8,388

 

 

$

—

 

 

$

10,847

 

Owner-occupied commercial real estate

 

 

3,238

 

 

 

2,503

 

 

 

—

 

 

 

1,568

 

Investment commercial real estate

 

 

9,564

 

 

 

9,500

 

 

 

—

 

 

 

9,971

 

Home equity lines of credit

 

 

29

 

 

 

27

 

 

 

—

 

 

 

38

 

Junior lien loan on residence

 

 

110

 

 

 

52

 

 

 

—

 

 

 

92

 

Total loans with no related allowance

 

$

22,548

 

 

$

20,470

 

 

$

—

 

 

$

22,516

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,435

 

 

$

1,414

 

 

$

482

 

 

$

1,399

 

Investment commercial real estate

 

 

1,181

 

 

 

1,181

 

 

 

40

 

 

 

1,198

 

Total loans with related allowance

 

$

2,616

 

 

$

2,595

 

 

$

522

 

 

$

2,597

 

Total loans individually evaluated for impairment

 

$

25,164

 

 

$

23,065

 

 

$

522

 

 

$

25,113

 

 
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual

The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2018 and December 31, 2017:

 

 

 

June 30, 2018

 

 

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

Over 90 Days

 

 

 

 

 

 

 

And Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

5,126

 

 

$

—

 

Home equity lines of credit

 

 

5

 

 

 

—

 

Junior lien loan on residence

 

 

46

 

 

 

—

 

Owner-occupied commercial real estate

 

 

1,998

 

 

 

—

 

Investment commercial real estate

 

 

4,850

 

 

 

—

 

Total

 

$

12,025

 

 

$

—

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

Over 90 Days

 

 

 

 

 

 

 

And Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

6,056

 

 

$

—

 

Home equity lines of credit

 

 

6

 

 

 

—

 

Junior lien loan on residence

 

 

52

 

 

 

—

 

Owner-occupied commercial real estate

 

 

2,503

 

 

 

—

 

Investment commercial real estate

 

 

4,913

 

 

 

—

 

Total

 

$

13,530

 

 

$

—

 

 
Schedule of aging of past due loans

The following tables present the aging of the recorded investment in past due loans as of June 30, 2018 and December 31, 2017 by class of loans, excluding nonaccrual loans:

 

 

 

June 30, 2018

 

 

 

30-59

 

 

60-89

 

 

Greater Than

 

 

 

 

 

 

 

Days

 

 

Days

 

 

90 Days

 

 

Total

 

(In thousands)

 

Past Due

 

 

Past Due

 

 

Past Due

 

 

Past Due

 

Primary residential mortgage

 

$

577

 

 

$

452

 

 

$

—

 

 

$

1,029

 

Home equity lines of credit

 

 

—

 

 

 

241

 

 

 

—

 

 

 

241

 

Junior lien loan on residence

 

 

16

 

 

 

—

 

 

 

—

 

 

 

16

 

Multifamily property

 

 

—

 

 

 

2,252

 

 

 

—

 

 

 

2,252

 

Consumer and other loans

 

 

1

 

 

 

—

 

 

 

—

 

 

 

1

 

Total

 

$

594

 

 

$

2,945

 

 

$

—

 

 

$

3,539

 

 

 

 

December 31, 2017

 

 

 

30-59

 

 

60-89

 

 

Greater Than

 

 

 

 

 

 

 

Days

 

 

Days

 

 

90 Days

 

 

Total

 

(In thousands)

 

Past Due

 

 

Past Due

 

 

Past Due

 

 

Past Due

 

Primary residential mortgage

 

$

216

 

 

$

—

 

 

$

—

 

 

$

216

 

Consumer and other loans

 

 

30

 

 

 

—

 

 

 

—

 

 

 

30

 

Total

 

$

246

 

 

$

—

 

 

$

—

 

 

$

246

 

 
Schedule of the risk category of loans by class of loans

As of June 30, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

585,629

 

 

$

960

 

 

$

8,497

 

 

$

—

 

Home equity lines of credit

 

 

54,995

 

 

 

—

 

 

 

25

 

 

 

—

 

Junior lien loan on residence

 

 

7,623

 

 

 

—

 

 

 

46

 

 

 

—

 

Multifamily property

 

 

1,311,131

 

 

 

6,502

 

 

 

2,618

 

 

 

—

 

Owner-occupied commercial real estate

 

 

246,745

 

 

 

1,006

 

 

 

5,769

 

 

 

—

 

Investment commercial real estate

 

 

845,179

 

 

 

14,001

 

 

 

28,496

 

 

 

4,850

 

Commercial and industrial

 

 

390,695

 

 

 

8,457

 

 

 

676

 

 

 

—

 

Lease financing

 

 

126,514

 

 

 

—

 

 

 

—

 

 

 

—

 

Farmland/agricultural production

 

 

153

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction loans

 

 

—

 

 

 

90

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

69,091

 

 

 

—

 

 

 

239

 

 

 

—

 

Total

 

$

3,637,755

 

 

$

31,016

 

 

$

46,366

 

 

$

4,850

 

 

As of December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

594,846

 

 

$

866

 

 

$

9,857

 

 

$

—

 

Home equity lines of credit

 

 

67,470

 

 

 

—

 

 

 

27

 

 

 

—

 

Junior lien loan on residence

 

 

7,021

 

 

 

—

 

 

 

52

 

 

 

—

 

Multifamily property

 

 

1,371,825

 

 

 

16,755

 

 

 

378

 

 

 

—

 

Owner-occupied commercial real estate

 

 

249,003

 

 

 

837

 

 

 

3,652

 

 

 

—

 

Investment commercial real estate

 

 

827,558

 

 

 

23,377

 

 

 

23,163

 

 

 

—

 

Commercial and industrial

 

 

306,341

 

 

 

7,488

 

 

 

2,465

 

 

 

—

 

Lease financing

 

 

90,052

 

 

 

—

 

 

 

—

 

 

 

—

 

Farmland/agricultural production

 

 

160

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction loans

 

 

—

 

 

 

92

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

97,135

 

 

 

—

 

 

 

2,112

 

 

 

—

 

Total

 

$

3,611,411

 

 

$

49,415

 

 

$

41,706

 

 

$

—

 

 
Schedule of Activity in Allowance for Loan and Lease Losses

The activity in the allowance for loan and lease losses for the three months ended June 30, 2018 is summarized below:

 

 

 

April 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

4,403

 

 

$

—

 

 

$

139

 

 

$

(160

)

 

$

4,382

 

Home equity lines of credit

 

 

192

 

 

 

—

 

 

 

2

 

 

 

(4

)

 

 

190

 

Junior lien loan on residence

 

 

16

 

 

 

—

 

 

 

46

 

 

 

(45

)

 

 

17

 

Multifamily property

 

 

9,140

 

 

 

—

 

 

 

—

 

 

 

(881

)

 

 

8,259

 

Owner-occupied commercial real estate

 

 

2,364

 

 

 

(64

)

 

 

—

 

 

 

225

 

 

 

2,525

 

Investment commercial real estate

 

 

12,367

 

 

 

—

 

 

 

—

 

 

 

1,292

 

 

 

13,659

 

Commercial and industrial

 

 

7,753

 

 

 

(46

)

 

 

6

 

 

 

(357

)

 

 

7,356

 

Lease financing

 

 

1,036

 

 

 

—

 

 

 

—

 

 

 

275

 

 

 

1,311

 

Farmland/agricultural production

 

 

2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

Commercial construction loans

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Consumer and other loans

 

 

422

 

 

 

(14

)

 

 

1

 

 

 

(45

)

 

 

364

 

Total ALLL

 

$

37,696

 

 

$

(124

)

 

$

194

 

 

$

300

 

 

$

38,066

 

 

The activity in the allowance for loan and lease losses for the three months ended June 30, 2017 is summarized below:

 

 

 

April 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,928

 

 

$

(192

)

 

$

55

 

 

$

432

 

 

$

4,223

 

Home equity lines of credit

 

 

231

 

 

 

(23

)

 

 

67

 

 

 

(64

)

 

 

211

 

Junior lien loan on residence

 

 

15

 

 

 

—

 

 

 

7

 

 

 

(8

)

 

 

14

 

Multifamily property

 

 

11,767

 

 

 

—

 

 

 

—

 

 

 

(161

)

 

 

11,606

 

Owner-occupied commercial real estate

 

 

2,235

 

 

 

—

 

 

 

—

 

 

 

(88

)

 

 

2,147

 

Investment commercial real estate

 

 

10,883

 

 

 

—

 

 

 

19

 

 

 

825

 

 

 

11,727

 

Commercial and industrial

 

 

4,312

 

 

 

(1

)

 

 

43

 

 

 

979

 

 

 

5,333

 

Lease financing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

178

 

 

 

178

 

Farmland/agricultural production

 

 

2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

Commercial construction loans

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Consumer and other loans

 

 

236

 

 

 

(35

)

 

 

1

 

 

 

107

 

 

 

309

 

Total ALLL

 

$

33,610

 

 

$

(251

)

 

$

192

 

 

$

2,200

 

 

$

35,751

 

 

The activity in the allowance for loan and lease losses for the six months ended June 30, 2018 is summarized below:

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

4,085

 

 

$

(77

)

 

$

139

 

 

$

235

 

 

$

4,382

 

Home equity lines of credit

 

 

221

 

 

 

—

 

 

 

4

 

 

 

(35

)

 

 

190

 

Junior lien loan on residence

 

 

12

 

 

 

—

 

 

 

55

 

 

 

(50

)

 

 

17

 

Multifamily property

 

 

10,007

 

 

 

—

 

 

 

—

 

 

 

(1,748

)

 

 

8,259

 

Owner-occupied commercial real estate

 

 

2,385

 

 

 

(64

)

 

 

66

 

 

 

138

 

 

 

2,525

 

Investment commercial real estate

 

 

11,933

 

 

 

—

 

 

 

—

 

 

 

1,726

 

 

 

13,659

 

Commercial and industrial

 

 

6,563

 

 

 

(46

)

 

 

22

 

 

 

817

 

 

 

7,356

 

Lease financing

 

 

884

 

 

 

—

 

 

 

—

 

 

 

427

 

 

 

1,311

 

Farmland/agricultural production

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

2

 

Commercial construction loans

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Consumer and other loans

 

 

349

 

 

 

(25

)

 

 

2

 

 

 

38

 

 

 

364

 

Total ALLL

 

$

36,440

 

 

$

(212

)

 

$

288

 

 

$

1,550

 

 

$

38,066

 

 

The activity in the allowance for loan and lease losses for the six months ended June 30, 2017 is summarized below:

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,666

 

 

$

(330

)

 

$

69

 

 

$

818

 

 

$

4,223

 

Home equity lines of credit

 

 

233

 

 

 

(23

)

 

 

59

 

 

 

(58

)

 

 

211

 

Junior lien loan on residence

 

 

16

 

 

 

(57

)

 

 

13

 

 

 

42

 

 

 

14

 

Multifamily property

 

 

11,192

 

 

 

—

 

 

 

—

 

 

 

414

 

 

 

11,606

 

Owner-occupied commercial real estate

 

 

1,774

 

 

 

—

 

 

 

—

 

 

 

373

 

 

 

2,147

 

Investment commercial real estate

 

 

10,909

 

 

 

—

 

 

 

22

 

 

 

796

 

 

 

11,727

 

Commercial and industrial

 

 

4,164

 

 

 

(25

)

 

 

52

 

 

 

1,142

 

 

 

5,333

 

Lease financing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

178

 

 

 

178

 

Farmland/agricultural production

 

 

2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

Commercial construction loans

 

 

9

 

 

 

—

 

 

 

—

 

 

 

(8

)

 

 

1

 

Consumer and other loans

 

 

243

 

 

 

(38

)

 

 

1

 

 

 

103

 

 

 

309

 

Total ALLL

 

$

32,208

 

 

$

(473

)

 

$

216

 

 

$

3,800

 

 

$

35,751

 

 
Schedule of loans modified as troubled debt restructurings

The following table presents loans by class modified as TDRs during the three-month period ended June 30, 2018:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Investment commercial real estate

 

 

1

 

 

$

15,351

 

 

$

15,351

 

Total

 

 

1

 

 

$

15,351

 

 

$

15,351

 

The following table presents loans by class modified as TDRs during the six-month period ended June 30, 2018:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Investment commercial real estate

 

 

1

 

 

$

15,351

 

 

$

15,351

 

Total

 

 

1

 

 

$

15,351

 

 

$

15,351

 

The following table presents loans by class modified as TDRs during the three-month period ended June 30, 2017:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

469

 

 

$

469

 

Total

 

 

2

 

 

$

469

 

 

$

469

 

 

The following table presents loans by class modified as TDRs during the six-month period ended June 30, 2017:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

4

 

 

$

798

 

 

$

798

 

Total

 

 

4

 

 

$

798

 

 

$

798

 

 

The identification of the TDRs did not have a significant impact on the allowance for loan and lease losses.  

The following table presents loans by class modified as TDRs that failed to comply with the modified terms in the twelve months following modification and resulted in a payment default at June 30, 2018:

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

336

 

Total

 

 

1

 

 

$

336