XML 36 R26.htm IDEA: XBRL DOCUMENT v3.20.2
LOANS AND LEASES (Tables)
 9 Months Ended
Sep. 30, 2020
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 September 30, 2020 and December 31, 2019, consisted of the following:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

September 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2020

 

 

Loans

 

 

2019

 

 

Loans

 

Residential mortgage

 

$

518,335

 

 

 

11.70

%

 

$

549,138

 

 

 

12.50

%

Multifamily mortgage

 

 

1,168,796

 

 

 

26.38

 

 

 

1,210,003

 

 

 

27.54

 

Commercial mortgage

 

 

722,678

 

 

 

16.31

 

 

 

761,244

 

 

 

17.32

 

Commercial loans (including equipment financing) (A)

 

 

1,909,724

 

 

 

43.10

 

 

 

1,756,477

 

 

 

39.97

 

Commercial construction

 

 

6,805

 

 

 

0.15

 

 

 

5,306

 

 

 

0.12

 

Home equity lines of credit

 

 

52,194

 

 

 

1.18

 

 

 

57,248

 

 

 

1.30

 

Consumer loans, including fixed rate home equity loans

 

 

51,859

 

 

 

1.17

 

 

 

54,372

 

 

 

1.24

 

Other loans

 

 

260

 

 

 

0.01

 

 

 

349

 

 

 

0.01

 

Total loans

 

$

4,430,651

 

 

 

100.00

%

 

$

4,394,137

 

 

 

100.00

%

 

 

(A)

The September 30, 2020 balance includes PPP loans of $202.0 million

 

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 September 30, 2020 and December 31, 2019:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

September 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2020

 

 

Loans

 

 

2019

 

 

Loans

 

Primary residential mortgage

 

$

530,374

 

 

 

11.98

%

 

$

578,306

 

 

 

13.17

%

Home equity lines of credit

 

 

52,193

 

 

 

1.18

 

 

 

57,248

 

 

 

1.30

 

Junior lien loan on residence

 

 

5,401

 

 

 

0.12

 

 

 

7,011

 

 

 

0.16

 

Multifamily property

 

 

1,168,796

 

 

 

26.40

 

 

 

1,210,003

 

 

 

27.56

 

Owner-occupied commercial real estate

 

 

252,069

 

 

 

5.69

 

 

 

249,419

 

 

 

5.68

 

Investment commercial real estate

 

 

1,047,614

 

 

 

23.66

 

 

 

1,095,182

 

 

 

24.95

 

Commercial and industrial (A)

 

 

1,050,775

 

 

 

23.74

 

 

 

867,295

 

 

 

19.76

 

Lease financing

 

 

254,142

 

 

 

5.74

 

 

 

258,401

 

 

 

5.89

 

Farmland/agricultural production

 

 

1,081

 

 

 

0.02

 

 

 

3,043

 

 

 

0.07

 

Commercial construction loans

 

 

6,989

 

 

 

0.16

 

 

 

5,520

 

 

 

0.13

 

Consumer and other loans

 

 

57,711

 

 

 

1.31

 

 

 

58,213

 

 

 

1.33

 

Total loans

 

$

4,427,145

 

 

 

100.00

%

 

$

4,389,641

 

 

 

100.00

%

Net deferred costs

 

 

3,506

 

 

 

 

 

 

 

4,496

 

 

 

 

 

Total loans including net deferred costs

 

$

4,430,651

 

 

 

 

 

 

$

4,394,137

 

 

 

 

 

 

(A)

The September 30, 2020 balance includes PPP loans of $202.0 million
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 September 30, 2020 and December 31, 2019:

 

 

 

September 30, 2020

 

 

 

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

 

$

6,231

 

 

$

46

 

 

$

524,143

 

 

$

2,921

 

 

$

530,374

 

 

$

2,967

 

Home equity lines of credit

 

 

2

 

 

 

—

 

 

 

52,191

 

 

 

220

 

 

 

52,193

 

 

 

220

 

Junior lien loan on residence

 

 

—

 

 

 

—

 

 

 

5,401

 

 

 

18

 

 

 

5,401

 

 

 

18

 

Multifamily property

 

 

—

 

 

 

—

 

 

 

1,168,796

 

 

 

10,664

 

 

 

1,168,796

 

 

 

10,664

 

Owner-occupied commercial real estate

 

 

667

 

 

 

—

 

 

 

251,402

 

 

 

3,011

 

 

 

252,069

 

 

 

3,011

 

Investment commercial real estate

 

 

4,625

 

 

 

—

 

 

 

1,042,989

 

 

 

29,166

 

 

 

1,047,614

 

 

 

29,166

 

Commercial and industrial (A)

 

 

3,990

 

 

 

41

 

 

 

1,046,785

 

 

 

16,131

 

 

 

1,050,775

 

 

 

16,172

 

Lease financing

 

 

—

 

 

 

—

 

 

 

254,142

 

 

 

3,473

 

 

 

254,142

 

 

 

3,473

 

Farmland/agricultural production

 

 

—

 

 

 

—

 

 

 

1,081

 

 

 

15

 

 

 

1,081

 

 

 

15

 

Commercial construction loans

 

 

—

 

 

 

—

 

 

 

6,989

 

 

 

77

 

 

 

6,989

 

 

 

77

 

Consumer and other loans

 

 

—

 

 

 

—

 

 

 

57,711

 

 

 

362

 

 

 

57,711

 

 

 

362

 

Total ALLL

 

$

15,515

 

 

$

87

 

 

$

4,411,630

 

 

$

66,058

 

 

$

4,427,145

 

 

$

66,145

 

 

 

(A)

The balance includes PPP loans of $202.0 million which have no reserve as these loans are guaranteed by the SBA.

 

 

 

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

 

Farmland/agricultural production

 

 

—

 

 

 

—

 

 

 

3,043

 

 

 

38

 

 

 

3,043

 

 

 

38

 

Commercial construction loans

 

 

—

 

 

 

—

 

 

 

5,520

 

 

 

27

 

 

 

5,520

 

 

 

27

 

Consumer and other loans

 

 

—

 

 

 

—

 

 

 

58,213

 

 

 

296

 

 

 

58,213

 

 

 

296

 

Total ALLL

 

$

35,924

 

 

$

2,800

 

 

$

4,353,717

 

 

$

40,876

 

 

$

4,389,641

 

 

$

43,676

 
Schedule of loans individually evaluated for impairment

The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2020 and December 31, 2019 (The average impaired loans on the following tables represent year to date impaired loans.):

 

 

 

September 30, 2020

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

6,514

 

 

$

5,655

 

 

$

—

 

 

$

6,020

 

Owner-occupied commercial real estate

 

 

752

 

 

 

667

 

 

 

—

 

 

 

397

 

Investment commercial real estate

 

 

4,625

 

 

 

4,625

 

 

 

—

 

 

 

7,242

 

Home equity lines of credit

 

 

4

 

 

 

2

 

 

 

—

 

 

 

2

 

Commercial and industrial

 

 

374

 

 

 

361

 

 

 

—

 

 

 

302

 

Total loans with no related allowance

 

$

12,269

 

 

$

11,310

 

 

$

—

 

 

$

13,963

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

576

 

 

$

576

 

 

$

46

 

 

$

582

 

Commercial and industrial

 

 

6,129

 

 

 

3,629

 

 

 

41

 

 

 

4,965

 

Total loans with related allowance

 

$

6,705

 

 

$

4,205

 

 

$

87

 

 

$

5,547

 

Total loans individually evaluated for impairment

 

$

18,974

 

 

$

15,515

 

 

$

87

 

 

$

19,510

 

 

 

 

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

 
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 September 30, 2020 and December 31, 2019:

 

 

September 30, 2020

 

 

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

Over 90 Days

 

 

 

 

 

 

 

And Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

3,992

 

 

$

—

 

Home equity lines of credit

 

 

1

 

 

 

—

 

Owner-occupied commercial real estate

 

 

667

 

 

 

—

 

Commercial and industrial

 

 

3,951

 

 

 

—

 

Total

 

$

8,611

 

 

$

—

 

 

 

 

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

 

 

$

—

 
Schedule of aging of past due loans

The following tables present the aging of the recorded investment in past due loans as of September 30, 2020 and December 31, 2019 by class of loans, excluding nonaccrual loans:

 

 

 

September 30, 2020

 

 

 

30-59

 

 

60-89

 

 

Greater Than

 

 

 

 

 

 

 

Days

 

 

Days

 

 

90 Days

 

 

Total

 

(In thousands)

 

Past Due

 

 

Past Due

 

 

Past Due

 

 

Past Due

 

Primary residential mortgage

 

$

651

 

 

$

—

 

 

$

—

 

 

$

651

 

Home equity lines of credit

 

 

129

 

 

 

—

 

 

$

—

 

 

 

129

 

Multifamily property

 

 

873

 

 

 

—

 

 

 

—

 

 

 

873

 

Commercial and industrial

 

 

675

 

 

 

1,739

 

 

 

—

 

 

 

2,414

 

Lease financing

 

 

546

 

 

 

1,996

 

 

 

—

 

 

 

2,542

 

Total

 

$

2,874

 

 

$

3,735

 

 

$

—

 

 

$

6,609

 

 

 

 

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

 

Consumer and other loans

 

 

566

 

 

 

—

 

 

 

—

 

 

 

566

 

Total

 

$

1,910

 

 

$

—

 

 

$

—

 

 

$

1,910

 
Schedule of the risk category of loans by class of loans

As of September 30, 2020, 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

 

$

523,415

 

 

$

521

 

 

$

6,438

 

 

$

—

 

Home equity lines of credit

 

 

52,191

 

 

 

—

 

 

 

2

 

 

 

—

 

Junior lien loan on residence

 

 

5,401

 

 

 

—

 

 

 

—

 

 

 

—

 

Multifamily property

 

 

1,162,650

 

 

 

5,466

 

 

 

680

 

 

 

—

 

Owner-occupied commercial real estate

 

 

246,989

 

 

 

2,388

 

 

 

2,692

 

 

 

—

 

Investment commercial real estate

 

 

966,193

 

 

 

67,057

 

 

 

14,364

 

 

 

—

 

Commercial and industrial

 

 

979,502

 

 

 

54,186

 

 

 

17,087

 

 

 

—

 

Lease financing

 

 

254,142

 

 

 

—

 

 

 

—

 

 

 

—

 

Farmland/agricultural production

 

 

1,081

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction loans

 

 

6,907

 

 

 

82

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

57,711

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

4,256,182

 

 

$

129,700

 

 

$

41,263

 

 

$

—

 

 

As of December 31, 2019, 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

 

$

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

 

 

 

—

 

 

 

—

 

 

 

—

 

Farmland/agricultural production

 

 

3,043

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction loans

 

 

5,437

 

 

 

83

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

58,213

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

4,317,090

 

 

$

13,643

 

 

$

58,908

 

 

$

—

 
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 September 30, 2020 is summarized below:

 

 

July 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,074

 

 

$

—

 

 

$

217

 

 

$

(324

)

 

$

2,967

 

Home equity lines of credit

 

 

244

 

 

 

—

 

 

 

3

 

 

 

(27

)

 

 

220

 

Junior lien loan on residence

 

 

20

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

18

 

Multifamily property

 

 

9,662

 

 

 

—

 

 

 

—

 

 

 

1,002

 

 

 

10,664

 

Owner-occupied commercial real estate

 

 

3,177

 

 

 

—

 

 

 

—

 

 

 

(166

)

 

 

3,011

 

Investment commercial real estate

 

 

29,866

 

 

 

(5,132

)

 

 

—

 

 

 

4,432

 

 

 

29,166

 

Commercial and industrial

 

 

16,218

 

 

 

(164

)

 

 

6

 

 

 

112

 

 

 

16,172

 

Lease financing

 

 

3,349

 

 

 

—

 

 

 

—

 

 

 

124

 

 

 

3,473

 

Farmland/agricultural production

 

 

38

 

 

 

—

 

 

 

—

 

 

 

(23

)

 

 

15

 

Commercial construction loans

 

 

49

 

 

 

—

 

 

 

—

 

 

 

28

 

 

 

77

 

Consumer and other loans

 

 

368

 

 

 

(2

)

 

 

2

 

 

 

(6

)

 

 

362

 

Total ALLL

 

$

66,065

 

 

$

(5,298

)

 

$

228

 

 

$

5,150

 

 

$

66,145

 

 

The activity in the allowance for loan and lease losses for the three months ended September 30, 2019 is summarized below:

 

 

July 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,057

 

 

$

—

 

 

$

—

 

 

$

(568

)

 

$

2,489

 

Home equity lines of credit

 

 

155

 

 

 

—

 

 

 

3

 

 

 

(13

)

 

 

145

 

Junior lien loan on residence

 

 

15

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

15

 

Multifamily property

 

 

5,744

 

 

 

—

 

 

 

—

 

 

 

491

 

 

 

6,235

 

Owner-occupied commercial real estate

 

 

2,497

 

 

 

—

 

 

 

996

 

 

 

(1,221

)

 

 

2,272

 

Investment commercial real estate

 

 

14,650

 

 

 

—

 

 

 

—

 

 

 

1,095

 

 

 

15,745

 

Commercial and industrial

 

 

11,463

 

 

 

—

 

 

 

4

 

 

 

438

 

 

 

11,905

 

Lease financing

 

 

1,888

 

 

 

—

 

 

 

—

 

 

 

508

 

 

 

2,396

 

Farmland/agricultural production

 

 

2

 

 

 

—

 

 

 

—

 

 

 

37

 

 

 

39

 

Commercial construction loans

 

 

1

 

 

 

—

 

 

 

—

 

 

 

23

 

 

 

24

 

Consumer and other loans

 

 

319

 

 

 

(15

)

 

 

1

 

 

 

10

 

 

 

315

 

Total ALLL

 

$

39,791

 

 

$

(15

)

 

$

1,004

 

 

$

800

 

 

$

41,580

 

 

The activity in the allowance for loan and lease losses for the nine months ended September 30, 2020 is summarized below:

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,090

 

 

$

—

 

 

$

330

 

 

$

547

 

 

$

2,967

 

Home equity lines of credit

 

 

128

 

 

 

—

 

 

 

8

 

 

 

84

 

 

 

220

 

Junior lien loan on residence

 

 

13

 

 

 

—

 

 

 

—

 

 

 

5

 

 

 

18

 

Multifamily property

 

 

6,037

 

 

 

—

 

 

 

—

 

 

 

4,627

 

 

 

10,664

 

Owner-occupied commercial real estate

 

 

2,064

 

 

 

—

 

 

 

—

 

 

 

947

 

 

 

3,011

 

Investment commercial real estate

 

 

15,988

 

 

 

(5,532

)

 

 

31

 

 

 

18,679

 

 

 

29,166

 

Commercial and industrial

 

 

14,353

 

 

 

(2,418

)

 

 

11

 

 

 

4,226

 

 

 

16,172

 

Lease financing

 

 

2,642

 

 

 

—

 

 

 

—

 

 

 

831

 

 

 

3,473

 

Farmland/agricultural production

 

 

38

 

 

 

—

 

 

 

—

 

 

 

(23

)

 

 

15

 

Commercial construction loans

 

 

27

 

 

 

—

 

 

 

—

 

 

 

50

 

 

 

77

 

Consumer and other loans

 

 

296

 

 

 

(15

)

 

 

4

 

 

 

77

 

 

 

362

 

Total ALLL

 

$

43,676

 

 

$

(7,965

)

 

$

384

 

 

$

30,050

 

 

$

66,145

 

 

The activity in the allowance for loan and lease losses for the nine months ended September 30, 2019 is summarized below:

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,506

 

 

$

(80

)

 

$

51

 

 

$

(988

)

 

$

2,489

 

Home equity lines of credit

 

 

164

 

 

 

—

 

 

 

8

 

 

 

(27

)

 

 

145

 

Junior lien loan on residence

 

 

15

 

 

 

—

 

 

 

11

 

 

 

(11

)

 

 

15

 

Multifamily property

 

 

5,959

 

 

 

—

 

 

 

—

 

 

 

276

 

 

 

6,235

 

Owner-occupied commercial real estate

 

 

2,614

 

 

 

—

 

 

 

1,060

 

 

 

(1,402

)

 

 

2,272

 

Investment commercial real estate

 

 

14,248

 

 

 

—

 

 

 

—

 

 

 

1,497

 

 

 

15,745

 

Commercial and industrial

 

 

9,839

 

 

 

—

 

 

 

13

 

 

 

2,053

 

 

 

11,905

 

Lease financing

 

 

1,772

 

 

 

—

 

 

 

—

 

 

 

624

 

 

 

2,396

 

Farmland/agricultural production

 

 

2

 

 

 

—

 

 

 

—

 

 

 

37

 

 

 

39

 

Commercial construction loans

 

 

1

 

 

 

—

 

 

 

—

 

 

 

23

 

 

 

24

 

Consumer and other loans

 

 

384

 

 

 

(40

)

 

 

3

 

 

 

(32

)

 

 

315

 

Total ALLL

 

$

38,504

 

 

$

(120

)

 

$

1,146

 

 

$

2,050

 

 

$

41,580

 
Schedule of loans modified as troubled debt restructurings Details with respect to loan modifications are as follows:

 

 

 

 

 

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

Primary residential mortgage

 

 

170

 

 

$

69,941

 

Home equity lines of credit

 

 

16

 

 

 

4,094

 

Junior lien loan on residence

 

 

4

 

 

 

248

 

Multifamily property

 

 

70

 

 

 

263,877

 

Owner-occupied commercial real estate

 

 

33

 

 

 

30,058

 

Investment commercial real estate

 

 

71

 

 

 

400,425

 

Commercial and industrial

 

 

28

 

 

 

28,370

 

Lease financing

 

 

7

 

 

 

26,360

 

Farmland/agricultural production

 

 

1

 

 

 

133

 

Commercial construction loans

 

 

3

 

 

 

4,311

 

Total

 

 

403

 

 

$

827,817

 

 

The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2020:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

388

 

 

$

388

 

Commercial and industrial

 

 

1

 

 

 

39

 

 

 

39

 

Total

 

 

3

 

 

$

427

 

 

$

427

 

The following table presents loans by class modified as TDRs during both the three and nine-month periods ended September 30, 2019:

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

341

 

 

$

341

 

Total

 

 

1

 

 

$

341

 

 

$

341

 

 

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 September 30, 2020:

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

193

 

Commercial and industrial

 

 

1

 

 

 

39

 

Total

 

 

2

 

 

$

232