Nature of Business and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2020

In addition, the risk-rating on COVID-19 modified loans did not change, and these loans will not be considered past due until after the deferral period is over and scheduled payments resume. The credit quality of these loans will be reevaluated after the deferral period ends. As of June 30, 2020, $362.1 million, or 56%, of these loans have reached the end of their deferral period and are beginning to resume normal payments with a significant majority of the remaining modified loans completing their deferral period by the end of the third quarter. The table below provides a breakdown of loan modification requests due to the COVID-19 pandemic by type of concession.


	June 30, 2020
(dollars in thousands)	# Loans		Amount		% of Total Portfolio
Payment deferrals		602	$	488,984		24.0	%
Interest only		253		154,093		7.6	%
Financial difficulty (TDR)		8		4,017		0.2	%
		863	$	647,094		31.8	%

While most industries have and will continue to experience adverse impacts as a result of the COVID-19 pandemic, we have identified nine loan categories considered to be “at-risk” of significant impact. As of June 30, 2020, 41% of these loans have reached the end of their deferral period and are beginning to resume normal payments. The table below identifies these segments as well as the outstanding, committed and modified loan balances for each industry.

Schdeule of Identifies Segments and Outstanding, Committed and Modified Loan Balances


	June 30, 2020
								% of
			% of Total			Total		Committed			Total
	Balance		Loans			Committed		Balance			Modified
(dollars in thousands)	Outstanding		Outstanding			Balance		Outstanding			Balance		% Modified
Religious organizations	$	60,088		3.0	%		90,439		66.4	%		33,671		54.4	%
Entertainment facilities		4,745		0.2	%		9,325		50.9	%		845		17.8	%
Hotels		84,163		4.1	%		104,049		80.9	%		74,383		88.4	%
Personal care businesses		1,356		0.1	%		1,395		97.2	%		572		42.2	%
Restaurants		14,467		0.7	%		15,977		90.5	%		9,889		68.4	%
Sports facilities		22,098		1.1	%		22,768		97.1	%		21,064		95.3	%
Travel related businesses		3,325		0.2	%		4,082		81.5	%		3,080		92.6	%
Private healthcare facilities		36,054		1.8	%		41,116		87.7	%		24,857		68.9	%
Non-essential retail		191,674		9.4	%		199,873		95.9	%		108,508		56.6	%
Total	$	417,970		20.5	%		489,024		85.5	%		276,869		66.2	%