XML 145 R36.htm IDEA: XBRL DOCUMENT v3.20.1
LOANS (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Schedule of composition of loans categorized by the type of loan

The following table presents loans outstanding, by type of loan, as of December 31:

 

 

 

 

 

 

 

% of Total

 

 

 

 

 

 

% of Total

 

(Dollars in thousands)

 

2019

 

 

Loans

 

 

2018

 

 

Loans

 

Residential mortgage

 

$

549,138

 

 

 

12.50

%

 

$

571,570

 

 

 

14.55

%

Multifamily mortgage

 

 

1,210,003

 

 

 

27.54

 

 

 

1,135,805

 

 

 

28.92

 

Commercial mortgage

 

 

761,244

 

 

 

17.32

 

 

 

702,165

 

 

 

17.88

 

Commercial loans (including equipment financing)

 

 

1,756,477

 

 

 

39.97

 

 

 

1,397,057

 

 

 

35.57

 

Commercial construction

 

 

5,306

 

 

 

0.12

 

 

 

—

 

 

 

—

 

Home equity lines of credit

 

 

57,248

 

 

 

1.30

 

 

 

62,191

 

 

 

1.58

 

Consumer loans, including

   fixed rate home equity loans

 

 

54,372

 

 

 

1.24

 

 

 

58,678

 

 

 

1.49

 

Other loans

 

 

349

 

 

 

0.01

 

 

 

465

 

 

 

0.01

 

Total loans

 

$

4,394,137

 

 

 

100.00

%

 

$

3,927,931

 

 

 

100.00

%

 

In determining an appropriate amount for the allowance for loan losses (“ALLL”), the Bank segments and evaluates the loan portfolio based on Federal call report codes. The following portfolio classes have been identified as of December 31:

 

 

 

 

 

 

 

% of Total

 

 

 

 

 

 

% of Total

 

(Dollars in thousands)

 

2019

 

 

Loans

 

 

2018

 

 

Loans

 

Primary residential mortgage

 

$

578,306

 

 

 

13.17

%

 

$

600,891

 

 

 

15.31

%

Home equity lines of credit

 

 

57,248

 

 

 

1.30

 

 

 

62,191

 

 

 

1.58

 

Junior lien loan on residence

 

 

7,011

 

 

 

0.16

 

 

 

7,418

 

 

 

0.19

 

Multifamily property

 

 

1,210,003

 

 

 

27.56

 

 

 

1,135,805

 

 

 

28.94

 

Owner-occupied commercial real estate

 

 

249,419

 

 

 

5.68

 

 

 

261,193

 

 

 

6.65

 

Investment commercial real estate

 

 

1,095,182

 

 

 

24.95

 

 

 

1,001,918

 

 

 

25.53

 

Commercial and industrial

 

 

867,295

 

 

 

19.76

 

 

 

616,838

 

 

 

15.72

 

Lease financing

 

 

258,401

 

 

 

5.89

 

 

 

172,643

 

 

 

4.40

 

Farmland/Agricultural production

 

 

3,043

 

 

 

0.13

 

 

 

149

 

 

 

0.01

 

Commercial construction

 

 

5,520

 

 

 

0.07

 

 

 

86

 

 

 

0.01

 

Consumer and other

 

 

58,213

 

 

 

1.33

 

 

 

65,180

 

 

 

1.66

 

Total loans

 

$

4,389,641

 

 

 

100.00

%

 

$

3,924,312

 

 

 

100.00

%

Net deferred costs

 

 

4,496

 

 

 

 

 

 

 

3,619

 

 

 

 

 

Total loans including net deferred costs

 

$

4,394,137

 

 

 

 

 

 

$

3,927,931

 

 

 

 

 

 
Schedule of loans to executives and directors

The following table shows the changes in loans to officers, directors and their associates:

 

(In thousands)

 

2019

 

 

2018

 

Balance, beginning of year

 

$

4,574

 

 

$

4,688

 

New loans

 

 

1,345

 

 

 

2,174

 

Repayments

 

 

(1,551

)

 

 

(2,288

)

Loans with individuals no longer considered related parties

 

 

(204

)

 

 

—

 

Balance, at end of year

 

$

4,164

 

 

$

4,574

 

 
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 segment, based on impairment method, and the corresponding balances in the ALLL as of December 31, 2019 and 2018:

 

December 31, 2019

 

 

 

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

 

$

6,890

 

 

$

215

 

 

$

571,416

 

 

$

1,875

 

 

$

578,306

 

 

$

2,090

 

Home equity lines of credit

 

 

3

 

 

 

—

 

 

 

57,245

 

 

 

128

 

 

 

57,248

 

 

 

128

 

Junior lien loan on residence

 

 

19

 

 

 

—

 

 

 

6,992

 

 

 

13

 

 

 

7,011

 

 

 

13

 

Multifamily property

 

 

—

 

 

 

—

 

 

 

1,210,003

 

 

 

6,037

 

 

 

1,210,003

 

 

 

6,037

 

Owner-occupied commercial real estate

 

 

379

 

 

 

—

 

 

 

249,040

 

 

 

2,064

 

 

 

249,419

 

 

 

2,064

 

Investment commercial real estate

 

 

22,605

 

 

 

1,000

 

 

 

1,072,577

 

 

 

14,988

 

 

 

1,095,182

 

 

 

15,988

 

Commercial and industrial

 

 

6,028

 

 

 

1,585

 

 

 

861,267

 

 

 

12,768

 

 

 

867,295

 

 

 

14,353

 

Lease financing

 

 

—

 

 

 

—

 

 

 

258,401

 

 

 

2,642

 

 

 

258,401

 

 

 

2,642

 

Secured by farmland and agricultural

   production

 

 

—

 

 

 

—

 

 

 

3,043

 

 

 

38

 

 

 

3,043

 

 

 

38

 

Commercial construction

 

 

—

 

 

 

—

 

 

 

5,520

 

 

 

27

 

 

 

5,520

 

 

 

27

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

58,213

 

 

 

296

 

 

 

58,213

 

 

 

296

 

Total ALLL

 

$

35,924

 

 

$

2,800

 

 

$

4,353,717

 

 

$

40,876

 

 

$

4,389,641

 

 

$

43,676

 

 

December 31, 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

 

 

ALLL

 

Primary residential mortgage

 

$

9,518

 

 

$

262

 

 

$

591,373

 

 

$

3,244

 

 

$

600,891

 

 

$

3,506

 

Home equity lines of credit

 

 

255

 

 

 

—

 

 

 

61,936

 

 

 

164

 

 

 

62,191

 

 

 

164

 

Junior lien loan on residence

 

 

36

 

 

 

—

 

 

 

7,382

 

 

 

15

 

 

 

7,418

 

 

 

15

 

Multifamily property

 

 

1,262

 

 

 

—

 

 

 

1,134,543

 

 

 

5,959

 

 

 

1,135,805

 

 

 

5,959

 

Owner-occupied commercial real estate

 

 

1,574

 

 

 

—

 

 

 

259,619

 

 

 

2,614

 

 

 

261,193

 

 

 

2,614

 

Investment commercial real estate

 

 

18,655

 

 

 

—

 

 

 

983,263

 

 

 

14,248

 

 

 

1,001,918

 

 

 

14,248

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

616,838

 

 

 

9,839

 

 

 

616,838

 

 

 

9,839

 

Lease financing

 

 

—

 

 

 

—

 

 

 

172,643

 

 

 

1,772

 

 

 

172,643

 

 

 

1,772

 

Secured by farmland and agricultural

   production

 

 

—

 

 

 

—

 

 

 

149

 

 

 

2

 

 

 

149

 

 

 

2

 

Commercial construction

 

 

—

 

 

 

—

 

 

 

86

 

 

 

1

 

 

 

86

 

 

 

1

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

65,180

 

 

 

384

 

 

 

65,180

 

 

 

384

 

Total ALLL

 

$

31,300

 

 

$

262

 

 

$

3,893,012

 

 

$

38,242

 

 

$

3,924,312

 

 

$

38,504

 

 
Schedule of loans individually evaluated for impairment

The following tables present loans individually evaluated for impairment by class of loans as of December 31, 2019 and 2018:

 

 

 

December 31, 2019

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

7,310

 

 

$

6,071

 

 

$

—

 

 

$

7,186

 

Owner-occupied commercial real estate

 

 

450

 

 

 

379

 

 

 

—

 

 

 

1,099

 

Investment commercial real estate

 

 

9,663

 

 

 

8,138

 

 

 

—

 

 

 

14,115

 

Home equity lines of credit

 

 

5

 

 

 

3

 

 

 

—

 

 

 

77

 

Junior lien loan on residence

 

 

92

 

 

 

19

 

 

 

—

 

 

 

29

 

Total loans with no related allowance

 

$

17,520

 

 

$

14,610

 

 

$

—

 

 

$

22,506

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

819

 

 

$

819

 

 

$

215

 

 

$

1,011

 

Investment commercial real estate

 

 

15,064

 

 

 

14,467

 

 

 

1,000

 

 

 

4,832

 

Commercial and industrial

 

 

6,229

 

 

 

6,028

 

 

 

1,585

 

 

 

3,685

 

Total loans with related allowance

 

$

22,112

 

 

$

21,314

 

 

$

2,800

 

 

$

9,528

 

Total loans individually evaluated for impairment

 

$

39,632

 

 

$

35,924

 

 

$

2,800

 

 

$

32,034

 

 

 

 

December 31, 2018

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

9,789

 

 

$

8,502

 

 

$

—

 

 

$

8,042

 

Owner-occupied commercial real estate

 

 

2,741

 

 

 

1,574

 

 

 

—

 

 

 

2,025

 

Investment commercial real estate

 

 

20,179

 

 

 

18,655

 

 

 

—

 

 

 

13,999

 

Home equity lines of credit

 

 

257

 

 

 

255

 

 

 

—

 

 

 

123

 

Junior lien loan on residence

 

 

102

 

 

 

36

 

 

 

—

 

 

 

45

 

Multifamily property

 

 

1,262

 

 

 

1,262

 

 

 

—

 

 

 

105

 

Total loans with no related allowance

 

$

34,330

 

 

$

30,284

 

 

$

—

 

 

$

24,339

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,016

 

 

$

1,016

 

 

$

262

 

 

$

1,144

 

Total loans with related allowance

 

$

1,016

 

 

$

1,016

 

 

$

262

 

 

$

1,144

 

Total loans individually evaluated for impairment

 

$

35,346

 

 

$

31,300

 

 

$

262

 

 

$

25,483

 

 
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 December 31, 2019 and 2018:

 

 

 

December 31, 2019

 

 

 

 

 

 

 

Loans Past Due Over

 

 

 

 

 

 

 

90 Days and Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

4,533

 

 

$

—

 

Home equity lines of credit

 

 

3

 

 

 

—

 

Junior lien loan on residence

 

 

19

 

 

 

—

 

Owner-occupied commercial real estate

 

 

379

 

 

 

—

 

Investment commercial real estate

 

 

17,919

 

 

 

—

 

Commercial and industrial

 

 

6,028

 

 

 

—

 

Total

 

$

28,881

 

 

$

—

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

Loans Past Due Over

 

 

 

 

 

 

 

90 Days and Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

5,215

 

 

$

—

 

Home equity lines of credit

 

 

235

 

 

 

—

 

Junior lien loan on residence

 

 

36

 

 

 

—

 

Owner-occupied commercial real estate

 

 

1,574

 

 

 

—

 

Investment commercial real estate

 

 

18,655

 

 

 

—

 

Total

 

$

25,715

 

 

$

—

 

 
Schedule of aging of past due loans

The following tables present the recorded investment in past due loans as of December 31, 2019 and 2018 by class of loans, excluding nonaccrual loans:

 

 

 

December 31, 2019

 

 

 

30-59

 

 

60-89

 

 

Greater Than

 

 

 

 

 

 

 

Days

 

 

Days

 

 

90 Days

 

 

Total

 

(In thousands)

 

Past Due

 

 

Past Due

 

 

Past Due

 

 

Past Due

 

Primary residential mortgage

 

$

1,264

 

 

$

—

 

 

$

—

 

 

$

1,264

 

Home equity lines of credit

 

 

80

 

 

 

—

 

 

 

—

 

 

 

80

 

Commercial and industrial

 

 

566

 

 

 

—

 

 

 

—

 

 

 

566

 

Total

 

$

1,910

 

 

$

—

 

 

$

—

 

 

$

1,910

 

 

 

 

December 31, 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

 

$

606

 

 

$

491

 

 

$

—

 

 

$

1,097

 

Consumer and other

 

 

2

 

 

 

—

 

 

 

—

 

 

 

2

 

Total

 

$

608

 

 

$

491

 

 

$

—

 

 

$

1,099

 

 
Schedule of the risk category of loans by class of loans

The table below presents, based on the most recent analysis performed, the risk category of loans by class of loans for December 31, 2019 and 2018.

 

December 31, 2019

 

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

570,353

 

 

$

853

 

 

$

7,100

 

 

$

—

 

Home equity lines of credit

 

 

57,245

 

 

 

—

 

 

 

3

 

 

 

—

 

Junior lien loan on residence

 

 

6,992

 

 

 

—

 

 

 

19

 

 

 

—

 

Multifamily property

 

 

1,209,288

 

 

 

—

 

 

 

715

 

 

 

—

 

Owner-occupied commercial real estate

 

 

247,388

 

 

 

—

 

 

 

2,031

 

 

 

—

 

Investment commercial real estate

 

 

1,053,445

 

 

 

6,325

 

 

 

35,412

 

 

 

—

 

Commercial and industrial

 

 

847,285

 

 

 

6,382

 

 

 

13,628

 

 

 

—

 

Lease financing

 

 

258,401

 

 

 

—

 

 

 

—

 

 

 

—

 

Secured by farmland and agricultural

 

 

3,043

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction

 

 

5,437

 

 

 

83

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

58,213

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

4,317,090

 

 

$

13,643

 

 

$

58,908

 

 

$

—

 

 

December 31, 2018

 

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

590,372

 

 

$

943

 

 

$

9,576

 

 

$

—

 

Home equity lines of credit

 

 

61,936

 

 

 

—

 

 

 

255

 

 

 

—

 

Junior lien loan on residence

 

 

7,382

 

 

 

—

 

 

 

36

 

 

 

—

 

Multifamily property

 

 

1,130,926

 

 

 

3,263

 

 

 

1,616

 

 

 

—

 

Owner-occupied commercial real estate

 

 

255,417

 

 

 

249

 

 

 

5,527

 

 

 

—

 

Investment commercial real estate

 

 

948,300

 

 

 

20,756

 

 

 

32,862

 

 

 

—

 

Commercial and industrial

 

 

608,262

 

 

 

417

 

 

 

8,159

 

 

 

—

 

Lease financing

 

 

172,643

 

 

 

—

 

 

 

—

 

 

 

—

 

Secured by farmland and agricultural

 

 

149

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction

 

 

—

 

 

 

86

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

64,946

 

 

 

—

 

 

 

234

 

 

 

—

 

Total

 

$

3,840,333

 

 

$

25,714

 

 

$

58,265

 

 

$

—

 

 
Schedule of Activity in Allowance for Loan and Lease Losses

The tables below present a roll forward of the ALLL for the years ended December 31, 2019, 2018 and 2017.

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-Offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,506

 

 

$

(80

)

 

$

205

 

 

$

(1,541

)

 

$

2,090

 

Home equity lines of credit

 

 

164

 

 

 

—

 

 

 

10

 

 

 

(46

)

 

 

128

 

Junior lien loan on residence

 

 

15

 

 

 

—

 

 

 

11

 

 

 

(13

)

 

 

13

 

Multifamily property

 

 

5,959

 

 

 

—

 

 

 

—

 

 

 

78

 

 

 

6,037

 

Owner-occupied commercial real estate

 

 

2,614

 

 

 

—

 

 

 

1,060

 

 

 

(1,610

)

 

 

2,064

 

Investment commercial real estate

 

 

14,248

 

 

 

—

 

 

 

—

 

 

 

1,740

 

 

 

15,988

 

Commercial and industrial

 

 

9,839

 

 

 

—

 

 

 

17

 

 

 

4,497

 

 

 

14,353

 

Lease financing

 

 

1,772

 

 

 

—

 

 

 

—

 

 

 

870

 

 

 

2,642

 

Secured by farmland and agricultural

 

 

2

 

 

 

—

 

 

 

—

 

 

 

36

 

 

 

38

 

Commercial construction

 

 

1

 

 

 

—

 

 

 

—

 

 

 

26

 

 

 

27

 

Consumer and other

 

 

384

 

 

 

(55

)

 

 

4

 

 

 

(37

)

 

 

296

 

Total ALLL

 

$

38,504

 

 

$

(135

)

 

$

1,307

 

 

$

4,000

 

 

$

43,676

 

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-Offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

4,085

 

 

$

(138

)

 

$

160

 

 

$

(601

)

 

$

3,506

 

Home equity lines of credit

 

 

221

 

 

 

—

 

 

 

10

 

 

 

(67

)

 

 

164

 

Junior lien loan on residence

 

 

12

 

 

 

—

 

 

 

68

 

 

 

(65

)

 

 

15

 

Multifamily property

 

 

10,007

 

 

 

—

 

 

 

—

 

 

 

(4,048

)

 

 

5,959

 

Owner-occupied commercial real estate

 

 

2,385

 

 

 

(361

)

 

 

66

 

 

 

524

 

 

 

2,614

 

Investment commercial real estate

 

 

11,933

 

 

 

(1,335

)

 

 

45

 

 

 

3,605

 

 

 

14,248

 

Commercial and industrial

 

 

6,563

 

 

 

(46

)

 

 

109

 

 

 

3,213

 

 

 

9,839

 

Lease financing

 

 

884

 

 

 

—

 

 

 

—

 

 

 

888

 

 

 

1,772

 

Secured by farmland and agricultural

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

2

 

Commercial construction

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Consumer and other

 

 

349

 

 

 

(68

)

 

 

4

 

 

 

99

 

 

 

384

 

Total ALLL

 

$

36,440

 

 

$

(1,948

)

 

$

462

 

 

$

3,550

 

 

$

38,504

 

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-Offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,666

 

 

$

(889

)

 

$

173

 

 

$

1,135

 

 

$

4,085

 

Home equity lines of credit

 

 

233

 

 

 

(23

)

 

 

62

 

 

 

(51

)

 

 

221

 

Junior lien loan on residence

 

 

16

 

 

 

(99

)

 

 

26

 

 

 

69

 

 

 

12

 

Multifamily property

 

 

11,192

 

 

 

—

 

 

 

—

 

 

 

(1,185

)

 

 

10,007

 

Owner-occupied commercial real estate

 

 

1,774

 

 

 

(734

)

 

 

—

 

 

 

1,345

 

 

 

2,385

 

Investment commercial real estate

 

 

10,909

 

 

 

(123

)

 

 

23

 

 

 

1,124

 

 

 

11,933

 

Commercial and industrial

 

 

4,164

 

 

 

(76

)

 

 

115

 

 

 

2,360

 

 

 

6,563

 

Lease financing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

884

 

 

 

884

 

Secured by farmland and agricultural

 

 

2

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

—

 

Commercial construction

 

 

9

 

 

 

—

 

 

 

—

 

 

 

(8

)

 

 

1

 

Consumer and other

 

 

243

 

 

 

(77

)

 

 

4

 

 

 

179

 

 

 

349

 

Total ALLL

 

$

32,208

 

 

$

(2,021

)

 

$

403

 

 

$

5,850

 

 

$

36,440

 

 
Schedule of loans modified as troubled debt restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2019:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

530

 

 

$

530

 

Commercial and industrial

 

 

5

 

 

 

6,028

 

 

 

6,028

 

Total

 

 

7

 

 

$

6,558

 

 

$

6,558

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2018:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

909

 

 

$

909

 

Investment commercial real estate

 

 

1

 

 

 

15,202

 

 

 

15,202

 

Total

 

 

3

 

 

$

16,111

 

 

$

16,111

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2017:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

6

 

 

$

1,223

 

 

$

1,223

 

Total

 

 

6

 

 

$

1,223

 

 

$

1,223

 

 

The following table presents loans by class modified as troubled debt restructurings during the year ended December 31, 2019 for which there was a payment default during the same period:

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

201

 

Total

 

 

1

 

 

$

201

 

The following table presents loans by class modified as troubled debt restructurings during the year ended December 31, 2017 for which there was a payment default during the same period:

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

336

 

Total

 

 

1

 

 

$

336