XML 49 R36.htm IDEA: XBRL DOCUMENT v3.20.4
LOANS (Tables)
 12 Months Ended
Dec. 31, 2020
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)

 

2020

 

 

Loans

 

 

2019

 

 

Loans

 

Residential mortgage

 

$

502,829

 

 

 

11.50

%

 

$

549,138

 

 

 

12.50

%

Multifamily mortgage

 

 

1,126,946

 

 

 

25.77

 

 

 

1,210,003

 

 

 

27.54

 

Commercial mortgage

 

 

691,294

 

 

 

15.81

 

 

 

761,244

 

 

 

17.32

 

Commercial loans (including equipment financing) (A)

 

 

1,950,981

 

 

 

44.62

 

 

 

1,756,477

 

 

 

39.97

 

Commercial construction

 

 

12,600

 

 

 

0.29

 

 

 

5,306

 

 

 

0.12

 

Home equity lines of credit

 

 

50,546

 

 

 

1.15

 

 

 

57,248

 

 

 

1.30

 

Consumer loans, including

   fixed rate home equity loans

 

 

37,016

 

 

 

0.85

 

 

 

54,372

 

 

 

1.24

 

Other loans

 

 

225

 

 

 

0.01

 

 

 

349

 

 

 

0.01

 

Total loans

 

$

4,372,437

 

 

 

100.00

%

 

$

4,394,137

 

 

 

100.00

%

 

(A)

The December 31, 2020 balance includes PPP loans of $195.6 million.

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)

 

2020

 

 

Loans

 

 

2019

 

 

Loans

 

Primary residential mortgage

 

$

512,841

 

 

 

11.74

%

 

$

578,306

 

 

 

13.17

%

Home equity lines of credit

 

 

50,545

 

 

 

1.16

 

 

 

57,248

 

 

 

1.30

 

Junior lien loan on residence

 

 

4,527

 

 

 

0.10

 

 

 

7,011

 

 

 

0.16

 

Multifamily property

 

 

1,126,946

 

 

 

25.79

 

 

 

1,210,003

 

 

 

27.56

 

Owner-occupied commercial real estate

 

 

253,447

 

 

 

5.80

 

 

 

249,419

 

 

 

5.68

 

Investment commercial real estate

 

 

995,613

 

 

 

22.79

 

 

 

1,095,182

 

 

 

24.95

 

Commercial and industrial (A)

 

 

1,059,399

 

 

 

24.24

 

 

 

867,295

 

 

 

19.76

 

Lease financing

 

 

305,931

 

 

 

7.00

 

 

 

258,401

 

 

 

5.89

 

Farmland/Agricultural production

 

 

3,068

 

 

 

0.07

 

 

 

3,043

 

 

 

0.07

 

Commercial construction

 

 

12,773

 

 

 

0.29

 

 

 

5,520

 

 

 

0.13

 

Consumer and other

 

 

44,483

 

 

 

1.02

 

 

 

58,213

 

 

 

1.33

 

Total loans

 

$

4,369,573

 

 

 

100.00

%

 

$

4,389,641

 

 

 

100.00

%

Net deferred costs

 

 

2,864

 

 

 

 

 

 

 

4,496

 

 

 

 

 

Total loans including net deferred costs

 

$

4,372,437

 

 

 

 

 

 

$

4,394,137

 

 

 

 

 

 

(A)

The December 31, 2020 balance includes PPP loans of $195.6 million.
Schedule of loans to executives and directors

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

 

(In thousands)

 

2020

 

 

2019

 

Balance, beginning of year

 

$

4,164

 

 

$

4,574

 

New loans

 

 

1,094

 

 

 

1,345

 

Repayments

 

 

(1,457

)

 

 

(1,551

)

Loans with individuals no longer considered related parties

 

 

—

 

 

 

(204

)

Balance, at end of year

 

$

3,801

 

 

$

4,164

 

 

 
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, 2020 and 2019:

 

December 31, 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

 

$

1,490

 

 

$

3

 

 

$

511,351

 

 

$

2,902

 

 

$

512,841

 

 

$

2,905

 

Home equity lines of credit

 

 

—

 

 

 

—

 

 

 

50,545

 

 

 

218

 

 

 

50,545

 

 

 

218

 

Junior lien loan on residence

 

 

—

 

 

 

—

 

 

 

4,527

 

 

 

15

 

 

 

4,527

 

 

 

15

 

Multifamily property

 

 

—

 

 

 

—

 

 

 

1,126,946

 

 

 

9,945

 

 

 

1,126,946

 

 

 

9,945

 

Owner-occupied commercial real estate

 

 

807

 

 

 

—

 

 

 

252,640

 

 

 

3,050

 

 

 

253,447

 

 

 

3,050

 

Investment commercial real estate

 

 

4,593

 

 

 

—

 

 

 

991,020

 

 

 

27,713

 

 

 

995,613

 

 

 

27,713

 

Commercial and industrial

 

 

9,314

 

 

 

2,700

 

 

 

1,050,085

 

 

 

16,347

 

 

 

1,059,399

 

 

 

19,047

 

Lease financing

 

 

—

 

 

 

—

 

 

 

305,931

 

 

 

3,936

 

 

 

305,931

 

 

 

3,936

 

Secured by farmland and agricultural

   production

 

 

—

 

 

 

—

 

 

 

3,068

 

 

 

43

 

 

 

3,068

 

 

 

43

 

Commercial construction

 

 

—

 

 

 

—

 

 

 

12,773

 

 

 

158

 

 

 

12,773

 

 

 

158

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

44,483

 

 

 

279

 

 

 

44,483

 

 

 

279

 

Total ALLL

 

$

16,204

 

 

$

2,703

 

 

$

4,353,369

 

 

$

64,606

 

 

$

4,369,573

 

 

$

67,309

 

 

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

 

 
Schedule of loans individually evaluated for impairment

The following tables present loans individually evaluated for impairment by class of loans as of December 31, 2020 and 2019:

 

 

 

December 31, 2020

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,601

 

 

$

1,328

 

 

$

—

 

 

$

5,544

 

Owner-occupied commercial real estate

 

 

817

 

 

 

807

 

 

 

—

 

 

 

516

 

Investment commercial real estate

 

 

4,593

 

 

 

4,593

 

 

 

—

 

 

 

6,582

 

Commercial and industrial

 

 

7,137

 

 

 

4,314

 

 

 

—

 

 

 

1,677

 

Total loans with no related allowance

 

$

14,148

 

 

$

11,042

 

 

$

—

 

 

$

14,319

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

162

 

 

$

162

 

 

$

3

 

 

$

526

 

Commercial and industrial

 

 

5,000

 

 

 

5,000

 

 

 

2,700

 

 

 

4,140

 

Total loans with related allowance

 

$

5,162

 

 

$

5,162

 

 

$

2,703

 

 

$

4,666

 

Total loans individually evaluated for impairment

 

$

19,310

 

 

$

16,204

 

 

$

2,703

 

 

$

18,985

 

 

 

 

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 December 31, 2020 and 2019:

 

 

 

December 31, 2020

 

 

 

 

 

 

 

Loans Past Due Over

 

 

 

 

 

 

 

90 Days and Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

1,328

 

 

$

—

 

Owner-occupied commercial real estate

 

 

807

 

 

 

—

 

Commercial and industrial

 

 

9,275

 

 

 

—

 

Total

 

$

11,410

 

 

$

—

 

 

 

 

 

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 recorded investment in past due loans as of December 31, 2020 and 2019 by class of loans, excluding nonaccrual loans:

 

 

 

December 31, 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

 

$

2,900

 

 

$

141

 

 

$

—

 

 

$

3,041

 

Home equity lines of credit

 

 

181

 

 

 

—

 

 

 

—

 

 

 

181

 

Junior lien loan on residence

 

 

—

 

 

 

25

 

 

 

—

 

 

 

25

 

Multifamily property

 

 

—

 

 

 

269

 

 

 

—

 

 

 

269

 

Owner-occupied commercial real estate

 

 

268

 

 

 

—

 

 

 

—

 

 

 

268

 

Commercial and industrial

 

 

497

 

 

 

772

 

 

 

—

 

 

 

1,269

 

Total

 

$

3,846

 

 

$

1,207

 

 

$

—

 

 

$

5,053

 

 

 

 

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

 

 
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, 2020 and 2019.

 

December 31, 2020

 

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

504,795

 

 

$

1,398

 

 

$

6,648

 

 

$

—

 

Home equity lines of credit

 

 

50,068

 

 

 

—

 

 

 

477

 

 

 

—

 

Junior lien loan on residence

 

 

4,483

 

 

 

—

 

 

 

44

 

 

 

—

 

Multifamily property

 

 

1,121,145

 

 

 

5,441

 

 

 

360

 

 

 

—

 

Owner-occupied commercial real estate

 

 

240,638

 

 

 

10,417

 

 

 

2,392

 

 

 

—

 

Investment commercial real estate

 

 

893,115

 

 

 

91,162

 

 

 

11,336

 

 

 

—

 

Commercial and industrial

 

 

989,281

 

 

 

53,604

 

 

 

16,514

 

 

 

—

 

Lease financing

 

 

305,931

 

 

 

—

 

 

 

—

 

 

 

—

 

Secured by farmland and agricultural

 

 

3,068

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial construction

 

 

12,692

 

 

 

81

 

 

 

—

 

 

 

—

 

Consumer and other loans

 

 

44,483

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

4,169,699

 

 

$

162,103

 

 

$

37,771

 

 

$

—

 

 

 

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

 

 

$

—

 

 
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, 2020, 2019 and 2018.

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-Offs

 

 

Recoveries

 

 

Provision

 

 

ALLL

 

Primary residential mortgage

 

$

2,090

 

 

$

(559

)

 

$

373

 

 

$

1,001

 

 

$

2,905

 

Home equity lines of credit

 

 

128

 

 

 

—

 

 

 

11

 

 

 

79

 

 

 

218

 

Junior lien loan on residence

 

 

13

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

15

 

Multifamily property

 

 

6,037

 

 

 

(56

)

 

 

—

 

 

 

3,964

 

 

 

9,945

 

Owner-occupied commercial real estate

 

 

2,064

 

 

 

(51

)

 

 

—

 

 

 

1,037

 

 

 

3,050

 

Investment commercial real estate

 

 

15,988

 

 

 

(6,092

)

 

 

31

 

 

 

17,786

 

 

 

27,713

 

Commercial and industrial

 

 

14,353

 

 

 

(2,418

)

 

 

17

 

 

 

7,095

 

 

 

19,047

 

Lease financing

 

 

2,642

 

 

 

—

 

 

 

—

 

 

 

1,294

 

 

 

3,936

 

Secured by farmland and agricultural

 

 

38

 

 

 

—

 

 

 

—

 

 

 

5

 

 

 

43

 

Commercial construction

 

 

27

 

 

 

—

 

 

 

—

 

 

 

131

 

 

 

158

 

Consumer and other

 

 

296

 

 

 

(27

)

 

 

4

 

 

 

6

 

 

 

279

 

Total ALLL

 

$

43,676

 

 

$

(9,203

)

 

$

436

 

 

$

32,400

 

 

$

67,309

 

 

 

 

 

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

 

 
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)

 

Contracts

 

 

Investment

 

Primary residential mortgage

 

 

28

 

 

$

9,900

 

Home equity lines of credit

 

 

3

 

 

 

643

 

Junior lien loan on residence

 

 

1

 

 

 

18

 

Multifamily property

 

 

7

 

 

 

22,595

 

Owner-occupied commercial real estate

 

 

2

 

 

 

990

 

Investment commercial real estate

 

 

3

 

 

 

34,416

 

Commercial and industrial

 

 

9

 

 

 

4,959

 

Commercial construction

 

 

1

 

 

 

451

 

Total

 

 

54

 

 

$

73,972

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2020:

 

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

3

 

 

$

423

 

 

$

423

 

Commercial and industrial

 

 

1

 

 

 

39

 

 

 

39

 

Total

 

 

4

 

 

$

462

 

 

$

462

 

 

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 during the year ended December 31, 2020 for which there was a payment default during the same period:

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Contracts

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

133

 

Commercial and industrial

 

 

1

 

 

 

39

 

Total

 

 

2

 

 

$

172

 

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