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LOANS (Tables)
12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of Loans
The following is a summary of total loans:
 
 
December 31, 2017
 
December 31, 2016
(In thousands)
 
Business  Activities Loans
 
Acquired  Loans
 
Total
 
Business  Activities Loans
 
Acquired  Loans
 
Total
Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$
181,371

 
$
84,965

 
$
266,336

 
$
253,302

 
$
34,207

 
$
287,509

Single and multi-family
 
217,083

 
206,082

 
423,165

 
191,819

 
125,672

 
317,491

Other commercial real estate
 
1,819,253

 
755,988

 
2,575,241

 
1,481,223

 
530,215

 
2,011,438

Total commercial real estate
 
2,217,707

 
1,047,035

 
3,264,742

 
1,926,344

 
690,094

 
2,616,438

 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial loans
 
1,182,569

 
621,370

 
1,803,939

 
908,102

 
153,936

 
1,062,038

 
 
 
 
 
 
 
 
 
 
 
 
 
Total commercial loans
 
3,400,276

 
1,668,405

 
5,068,681

 
2,834,446

 
844,030

 
3,678,476

 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
1,808,024

 
289,373

 
2,097,397

 
1,583,794

 
297,355

 
1,881,149

Construction
 
5,177

 
233

 
5,410

 
11,178

 
804

 
11,982

Total residential mortgages
 
1,813,201

 
289,606

 
2,102,807

 
1,594,972

 
298,159

 
1,893,131

 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
294,954

 
115,227

 
410,181

 
313,521

 
80,279

 
393,800

Auto and other
 
603,767

 
113,902

 
717,669

 
478,368

 
106,012

 
584,380

Total consumer loans
 
898,721

 
229,129

 
1,127,850

 
791,889

 
186,291

 
978,180

 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans
 
$
6,112,198

 
$
2,187,140

 
$
8,299,338

 
$
5,221,307

 
$
1,328,480

 
$
6,549,787

Schedule of Total Unamortized Net Costs and Premiums Included in the Total Loans for Historical Loans
Total unamortized net costs and premiums included in the year-end total loans for business activity loans were the following:
(In thousands)
 
December 31, 2017
 
December 31, 2016
Unamortized net loan origination costs
 
$
24,669

 
$
21,972

Unamortized net premium on purchased loans
 
4,311

 
4,849

Total unamortized net costs and premiums
 
$
28,980

 
$
26,821

Schedule of Activity in the Accretable Yield for the Acquired Loan Portfolio that Falls Under the Purview of ASC 310-30, Accounting for Certain Loans or Debt Securities Acquired in a Transfer
The following table summarizes activity in the accretable yield for the acquired loan portfolio that falls under the purview of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality:
(In thousands)
 
2017
 
2016
 
2015
Balance at beginning of period
 
$
8,738

 
$
6,925

 
$
2,541

Acquisitions
 
10,815

 
6,125

 
4,777

Reclassification from nonaccretable difference for loans with improved cash flows
 
(23
)
 
2,488

 
3,640

Changes in expected cash flows that do not affect nonaccretable difference
 
(2,380
)
 
(3,018
)
 

Reclassification to TDR
 

 
(185
)
 

Accretion
 
(5,589
)
 
(3,597
)
 
(4,033
)
Balance at end of period
 
$
11,561

 
$
8,738

 
$
6,925

Summary of Past Due Loans
The following is a summary of past due loans at December 31, 2017 and 2016:

Business Activities Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days Past Due
 
Total Past
Due
 
Current
 
Total Loans
 
Past Due >
90 days and
Accruing
December 31, 2017
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$

 
$

 
$

 
$

 
$
181,371

 
$
181,371

 
$

Single and multi-family
 

 

 
451

 
451

 
216,632

 
217,083

 

Commercial real estate
 
1,925

 
48

 
5,023

 
6,996

 
1,812,257

 
1,819,253

 
457

Total
 
1,925

 
48

 
5,474

 
7,447

 
2,210,260

 
2,217,707

 
457

Commercial and industrial loans
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Total
 
4,031

 
1,912

 
6,023

 
11,966

 
1,170,603

 
1,182,569

 
128

Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
2,412

 
242

 
2,186

 
4,840

 
1,803,184

 
1,808,024

 
520

Construction
 

 

 

 

 
5,177

 
5,177

 

Total
 
2,412

 
242

 
2,186

 
4,840

 
1,808,361

 
1,813,201

 
520

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
444

 
1,235

 
1,747

 
3,426

 
291,528

 
294,954

 
120

Auto and other
 
3,389

 
599

 
1,597

 
5,585

 
598,182

 
603,767

 
143

Total
 
3,833

 
1,834

 
3,344

 
9,011

 
889,710

 
898,721

 
263

Total
 
$
12,201

 
$
4,036

 
$
17,027

 
$
33,264

 
$
6,078,934

 
$
6,112,198

 
$
1,368


Business Activities Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days Past Due
 
Total Past
Due
 
Current
 
Total Loans
 
Past Due >
90 days and
Accruing
December 31, 2016
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$

 
$

 
$

 
$

 
$
253,302

 
$
253,302

 
$

Single and multi-family
 
618

 
110

 
624

 
1,352

 
190,467

 
191,819

 
155

Commercial real estate
 
481

 
2,243

 
4,212

 
6,936

 
1,474,287

 
1,481,223

 

Total
 
1,099

 
2,353

 
4,836

 
8,288

 
1,918,056

 
1,926,344

 
155

Commercial and industrial loans
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Total
 
3,090

 
1,301

 
6,290

 
10,681

 
897,421

 
908,102

 
5

Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
1,393

 
701

 
4,179

 
6,273

 
1,577,521

 
1,583,794

 
1,956

Construction
 
10

 

 

 
10

 
11,168

 
11,178

 

Total
 
1,403

 
701

 
4,179

 
6,283

 
1,588,689

 
1,594,972

 
1,956

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
99

 

 
2,981

 
3,080

 
310,441

 
313,521

 
306

Auto and other
 
2,483

 
494

 
968

 
3,945

 
474,423

 
478,368

 
16

Total
 
2,582

 
494

 
3,949

 
7,025

 
784,864

 
791,889

 
322

Total
 
$
8,174

 
$
4,849

 
$
19,254

 
$
32,277

 
$
5,189,030

 
$
5,221,307

 
$
2,438


Acquired Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days Past Due
 
Total Past
Due
 
Acquired
Credit
Impaired
 
Total Loans
 
Past Due >
90 days and
Accruing
December 31, 2017
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$

 
$

 
$

 
$

 
$
7,655

 
$
84,965

 
$

Single and multi-family
 
671

 

 
203

 
874

 
2,846

 
206,082

 

Commercial real estate
 
816

 
1,875

 
2,156

 
4,847

 
42,801

 
755,988

 
109

Total
 
1,487

 
1,875

 
2,359

 
5,721

 
53,302

 
1,047,035

 
109

Commercial and industrial loans
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Total
 
1,252

 
268

 
1,439

 
2,959

 
34,629

 
621,370

 
23

Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
957

 
2,581

 
1,247

 
4,785

 
6,974

 
289,373

 
30

Construction
 

 

 

 

 

 
233

 

Total
 
957

 
2,581

 
1,247

 
4,785

 
6,974

 
289,606

 
30

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
286

 
40

 
1,965

 
2,291

 
1,956

 
115,227

 

Auto and other
 
346

 
135

 
430

 
911

 
483

 
113,902

 
38

Total
 
632

 
175

 
2,395

 
3,202

 
2,439

 
229,129

 
38

Total
 
$
4,328

 
$
4,899

 
$
7,440

 
$
16,667

 
$
97,344

 
$
2,187,140

 
$
200


Acquired Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days Past Due
 
Total Past
Due
 
Acquired
Credit
Impaired
 
Total Loans
 
Past Due >
90 days and
Accruing
December 31, 2016
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$

 
$

 
$

 
$

 
$
47

 
$
34,207

 
$

Single and multi-family
 
2

 

 
437

 
439

 
4,726

 
125,672

 

Commercial real estate
 
1,555

 

 
765

 
2,320

 
30,047

 
530,215

 

Total
 
1,557

 

 
1,202

 
2,759

 
34,820

 
690,094

 

Commercial and industrial loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Total
 
1,850

 
15

 
1,262

 
3,127

 
3,369

 
153,936

 
24

Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
321

 
343

 
2,015

 
2,679

 
7,283

 
297,355

 
443

Construction
 

 

 

 

 

 
804

 

Total
 
321

 
343

 
2,015

 
2,679

 
7,283

 
298,159

 
443

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
753

 

 
870

 
1,623

 
957

 
80,279

 
353

Auto and other
 
542

 
314

 
1,686

 
2,542

 
387

 
106,012

 
791

Total
 
1,295

 
314

 
2,556

 
4,165

 
1,344

 
186,291

 
1,144

Total
 
$
5,023

 
$
672

 
$
7,035

 
$
12,730

 
$
46,816

 
$
1,328,480

 
$
1,611

Summary of Information Pertaining to Non-accrual Loans
The following is summary information pertaining to non-accrual loans at year-end 2017 and 2016:
 
 
December 31, 2017
 
December 31, 2016
(In thousands)
 
Business Activities
Loans
 
Acquired  Loans (1)
 
Total
 
Business Activities
Loans
 
Acquired  Loans (2)
 
Total
Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

Construction
 

 

 

 

 

 

Single and multi-family
 
451

 
203

 
654

 
469

 
437

 
906

Other commercial real estate
 
4,566

 
2,047

 
6,613

 
4,212

 
765

 
4,977

Total
 
5,017

 
2,250

 
7,267

 
4,681

 
1,202

 
5,883

Commercial and industrial loans:
 
 

 
 

 
 

 
 

 
 

Total
 
5,895

 
1,333

 
7,228

 
6,285

 
1,155

 
7,440

 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
$
1,666

 
$
1,217

 
$
2,883

 
$
2,223

 
$
1,572

 
$
3,795

Construction
 

 

 

 

 

 

Total
 
1,666

 
1,217

 
2,883

 
2,223

 
1,572

 
3,795

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
1,627

 
1,965

 
3,592

 
2,675

 
517

 
3,192

Auto and other
 
1,454

 
392

 
1,846

 
952

 
895

 
1,847

Total
 
3,081

 
2,357

 
5,438

 
3,627

 
1,412

 
5,039

 
 
 
 
 
 
 
 
 
 
 
 
 
Total non-accrual loans
 
$
15,659

 
$
7,157

 
$
22,816

 
$
16,816

 
$
5,341

 
$
22,157


(1) At year-end 2017, acquired credit impaired loans account for $83 thousand of loans greater than 90 days past due that are not presented in the above table.
(2) At year-end 2016, acquired credit impaired loans account for $83 thousand of loans greater than 90 days past due that are not presented in the above table.
Schedule of Loans Evaluated for Impairment
Loans evaluated for impairment as of December 31, 2017 and 2016 were as follows:

Business Activities Loans
(In thousands)
2017
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
33,732

 
$
5,761

 
$
3,872

 
$

 
$
43,365

Collectively evaluated
 
2,183,975

 
1,176,808

 
1,809,329

 
898,721

 
6,068,833

Total
 
$
2,217,707

 
$
1,182,569

 
$
1,813,201

 
$
898,721

 
$
6,112,198


Business Activities Loans
(In thousands)
2016
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
25,549

 
$
5,705

 
$
2,775

 
$
2,703

 
$
36,732

Collectively evaluated
 
1,900,795

 
902,397

 
1,592,197

 
789,186

 
5,184,575

Total
 
$
1,926,344

 
$
908,102

 
$
1,594,972

 
$
791,889

 
$
5,221,307


Acquired Loans
(In thousands)
2017
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
4,244

 
$
421

 
$
2,617

 
$
27

 
$
7,309

Purchased credit-impaired loans
 
53,302

 
34,629

 
6,974

 
2,439

 
97,344

Collectively evaluated
 
989,489

 
586,320

 
280,015

 
226,663

 
2,082,487

Total
 
$
1,047,035

 
$
621,370

 
$
289,606

 
$
229,129

 
$
2,187,140


Acquired Loans
(In thousands)
2016
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
4,256

 
$
635

 
$
308

 
$
406

 
$
5,605

Purchased credit-impaired loans
 
34,820

 
3,369

 
7,283

 
1,344

 
46,816

Collectively evaluated
 
651,018

 
149,932

 
290,568

 
184,541

 
1,276,059

Total
 
$
690,094

 
$
153,936

 
$
298,159

 
$
186,291

 
$
1,328,480

Summary of Impaired Loans
The following is a summary of impaired loans at year-end 2017 and 2016 and for the years then ended:

Business Activities Loans
 
 
At December 31, 2017
(In thousands)
 
Recorded Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Commercial real estate - construction
 
$

 
$

 
$

Commercial real estate - single and multifamily
 
1,077

 
3,607

 

Other commercial real estate
 
18,285

 
18,611

 

Other commercial and industrial loans
 
2,060

 
2,629

 

Residential mortgages - 1-4 family
 
660

 
1,075

 

Consumer - home equity
 
867

 
1,504

 

With an allowance recorded:
 
 

 
 

 
 

Commercial real estate - construction
 
$
159

 
$
159

 
$
1

Commercial real estate - single and multifamily
 
159

 
171

 
1

Other commercial real estate
 
14,321

 
15,235

 
227

Other commercial and industrial loans
 
3,716

 
4,249

 
66

Residential mortgages - 1-4 family
 
1,344

 
1,446

 
130

Consumer - home equity
 
1,014

 
999

 
34

Consumer - other
 
17

 
17

 
1

 
 
 
 
 
 
 
Total
 
 

 
 

 
 

Commercial real estate
 
$
34,001

 
$
37,783

 
$
229

Commercial and industrial
 
5,776

 
6,878

 
66

Residential mortgages
 
2,004

 
2,521

 
130

Consumer
 
1,898

 
2,520

 
35

Total impaired loans
 
$
43,679

 
$
49,702

 
$
460

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.
(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.
Business Activities Loans
 
 
At December 31, 2016
(In thousands)
 
Recorded Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Other commercial real estate
 
$
18,905

 
$
18,905

 
$

Other commercial and industrial loans
 
382

 
382

 

Residential mortgages - 1-4 family
 
2,101

 
2,101

 

Consumer - home equity
 
1,605

 
1,605

 

With an allowance recorded:
 
 

 
 

 
 

  Commercial real estate - single and multifamily
 
$
179

 
$
181

 
$
2

Other commercial real estate
 
6,306

 
6,462

 
156

Other commercial and industrial loans
 
5,060

 
5,324

 
264

Residential mortgages - 1-4 family
 
538

 
674

 
136

Consumer - home equity
 
942

 
1,098

 
156

Total
 
 

 
 

 
 

Commercial real estate
 
$
25,390

 
$
25,548

 
$
158

Commercial and industrial
 
5,442

 
5,706

 
264

Residential mortgages
 
2,639

 
2,775

 
136

Consumer
 
2,547

 
2,703

 
156

Total impaired loans
 
$
36,018

 
$
36,732

 
$
714

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.
(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.
Acquired Loans
 
 
At December 31, 2017
(In thousands)
 
Recorded  Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Commercial real estate - single and multifamily
 
$
204

 
$
290

 
$

Other commercial real estate loans
 
1,123

 
2,794

 

Other commercial and industrial loans
 
255

 
310

 

Residential mortgages - 1-4 family
 
658

 
671

 

Consumer - home equity
 
1,374

 
1,654

 

Consumer - other
 
27

 
27

 

 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

Commercial real estate - single and multifamily
 
$
887

 
$
880

 
$
18

Other commercial real estate loans
 
2,043

 
1,661

 
38

Other commercial and industrial loans
 
165

 
166

 
1

Residential mortgages - 1-4 family
 
166

 
185

 
9

Consumer - home equity
 
433

 
540

 
45

 
 
 
 
 
 
 
Total
 
 

 
 

 
 

Commercial real estate
 
$
4,257

 
$
5,625

 
$
56

Commercial and industrial
 
420

 
476

 
1

Residential mortgages
 
824

 
856

 
9

Consumer
 
1,834

 
2,221

 
45

Total impaired loans
 
$
7,335

 
$
9,178

 
$
111

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.
(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.


Acquired Loans
 
 
December 31, 2016
(In thousands)
 
Recorded Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Other commercial real estate loans
 
$
547

 
$
547

 
$

Residential mortgages - 1-4 family
 
208

 
208

 

Consumer - home equity
 

 

 

Consumer - other
 

 

 

 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

Commercial real estate - single and multifamily
 
$
1,250

 
$
1,358

 
$
108

Other commercial real estate loans
 
2,209

 
2,351

 
142

Other Commercial and industrial loans
 
576

 
635

 
59

Residential mortgages - 1-4 family
 
89

 
100

 
11

Consumer - home equity
 
292

 
406

 
114

 
 
 
 
 
 
 
Total
 
 

 
 

 
 

Commercial real estate
 
$
4,006

 
$
4,256

 
$
250

Commercial and industrial
 
576

 
635

 
59

Residential mortgages
 
297

 
308

 
11

Consumer
 
292

 
406

 
114

Total impaired loans
 
$
5,171

 
$
5,605

 
$
434


(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.
(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.

Summary of the Average Recorded Investment and Interest Income Recognized on Impaired Loans
The following is a summary of the average recorded investment and interest income recognized on impaired loans as of December 31, 2017, 2016 and 2015:
 
Business Activities Loans
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
(in thousands)
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
With no related allowance:
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate - construction
 
$

 
$

 
$

 
$

 
$
2,245

 
$
92

Commercial real estate - single and multifamily
 
341

 
214

 
36

 
1

 
60

 

Other commercial real estate
 
20,867

 
1,123

 
6,463

 
1,155

 
12,487

 
302

Other commercial and industrial
 
4,437

 
265

 
3,349

 
131

 
3,870

 
177

Residential mortgages - 1-4 family
 
1,128

 
31

 
2,403

 
91

 
1,353

 
38

Consumer-home equity
 
1,291

 
30

 
612

 
5

 
442

 
13

Consumer-other
 
72

 
3

 
2

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 

 
 
 
 
Commercial mortgages - construction
 
$
41

 
$
3

 
$

 
$

 
$

 
$

Commercial real estate - single and multifamily
 
169

 
12

 
15

 
6

 

 

Other commercial real estate
 
11,372

 
520

 
7,576

 
349

 
3,214

 
132

Other commercial and industrial
 
3,251

 
267

 
2,002

 
225

 
810

 
37

Residential mortgages - 1-4 family
 
1,289

 
59

 
682

 
26

 
1,704

 
72

Consumer-home equity
 
1,007

 
29

 
999

 
35

 
83

 

Consumer - other
 
4

 
1

 
103

 
4

 
112

 
4

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate
 
$
32,790

 
$
1,872

 
$
14,090

 
$
1,511

 
$
18,006

 
$
526

Commercial and industrial
 
7,688

 
532

 
5,351

 
356

 
4,680

 
214

Residential mortgages
 
2,417

 
90

 
3,085

 
117

 
3,057

 
110

Consumer loans
 
2,374

 
63

 
1,716

 
44

 
637

 
17

Total impaired loans
 
$
45,269

 
$
2,557

 
$
24,242

 
$
2,028

 
$
26,380

 
$
867

 
Acquired Loans
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
(in thousands)
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
With no related allowance:
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate - construction
 
$

 
$

 
$

 
$

 
$
445

 
$
60

Commercial real estate - single and multifamily
 
342

 
82

 

 

 
2,014

 
57

Other commercial real estate
 
487

 
239

 
521

 
20

 
1,721

 
37

Other commercial and industrial
 
581

 
43

 
492

 
9

 

 

Residential mortgages - 1-4 family
 
390

 
28

 
293

 
12

 
463

 
6

Consumer - home equity
 
773

 
22

 

 

 
152

 
5

Consumer - other
 
7

 
1

 
105

 
1

 
59

 
5

 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate - construction
 
$

 
$

 
$

 
$

 
$

 
$

Commercial real estate - single and multifamily
 
903

 
47

 
1,064

 
115

 
623

 
33

Other commercial real estate
 
1,719

 
91

 
2,618

 
165

 
1,384

 
96

Other commercial and industrial
 
47

 
13

 
369

 
17

 
31

 
3

Residential mortgages - 1-4 family
 
173

 
9

 
214

 
25

 
304

 
9

Consumer - home equity
 
400

 
21

 

 

 
195

 
7

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate
 
$
3,451

 
$
459

 
$
4,203

 
$
300

 
$
6,187

 
$
283

Commercial and industrial
 
628

 
56

 
861

 
26

 
31

 
3

Residential mortgages
 
563

 
37

 
507

 
37

 
767

 
15

Consumer loans
 
1,180

 
44

 
105

 
1

 
406

 
17

Total impaired loans
 
$
5,822

 
$
596

 
$
5,676

 
$
364

 
$
7,391

 
$
318

Schedule of Recorded Investment and Number of Modifications for TDRs Identified During the Period
The following tables disclose the recorded investment and number of modifications for TDRs for the prior years where a concession was made and the borrower subsequently defaulted in the respective reporting period. For the year ended 2017, there were three loans that were restructured that had subsequently defaulted during the period. For the period ended 2016, there were no loans that were restructured that had subsequently defaulted during the period. For the year ended 2015, there were eight loans that were restructured that had subsequently defaulted during the period.
 
 
Modifications that subsequently defaulted
for the twelve months ending December 31, 2017
 
 
Number of Contracts
 
Recorded Investment
Troubled Debt Restructurings
 
 

 
 

Commercial - Single and multifamily
 

 
$

Commercial - Other
 
1

 
113

Commercial and industrial - Other
 
2

 
492

Residential - 1-4 Family
 

 

 
 
3

 
$
605


 
 
Modifications that subsequently defaulted
for the twelve months ending December 31, 2015
 
 
Number of Contracts
 
Recorded Investment
Troubled Debt Restructurings
 
 

 
 

Commercial - Single and multifamily
 
1

 
$

Commercial - Other
 
1

 
373

Commercial and industrial - Other
 
4

 
6,579

Residential - 1-4 Family
 
2

 
169

 
 
8

 
$
7,121

The following tables include the recorded investment and number of modifications for modified loans identified during the years-ended December 31, 2017, 2016, and 2015 respectively. The tables include the recorded investment in the loans prior to a modification and also the recorded investment in the loans after the loans were restructured. The modifications for the year-ended December 31, 2017 were attributable to interest rate concessions, principal concessions, maturity date extensions, modified payment terms, reamortization, and accelerated maturity. The modifications for the year-ended December 31, 2016 were attributable to interest rate concessions, maturity date extensions, modified payment terms, reamortization, and accelerated maturity.
 
 
Modifications by Class
For the twelve months ending December 31, 2017
 
 
Number of
Modifications
 
Pre-Modification
Outstanding Recorded
Investment (In thousands)
 
Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings
 
 

 
 

 
 

Commercial - Single and multifamily
 
1

 
$
235

 
$
235

Commercial - Other
 
15

 
13,445

 
11,718

  Commercial and industrial - Other
 
12

 
3,507

 
3,507

Residential - 1-4 Family
 
4

 
331

 
314

  Consumer - Home Equity
 
3

 
122

 
122

 
 
35

 
$
17,640

 
$
15,896

 
 
Modifications by Class
For the twelve months ending December 31, 2016
 
 
Number of
Modifications
 
Pre-Modification
Outstanding Recorded
Investment (In thousands)
 
Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings
 
 

 
 

 
 

Commercial - Single and multifamily
 
5

 
$
437

 
$
437

Commercial - Other
 
5

 
16,651

 
16,651

Commercial and industrial - Other
 
4

 
555

 
555

   Residential - 1-4 Family
 
2

 
5

 
5

  Consumer - Home Equity
 
1

 
117

 
117

 
 
17

 
$
17,765

 
$
17,765

 
 
Modifications by Class
For the twelve months ending December 31, 2015
 
 
Number of
Modifications
 
Pre-Modification
Outstanding Recorded
Investment (In thousands)
 
Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings
 
 

 
 

 
 

  Commercial - Construction
 
1

 
$
123

 
$
123

Commercial - Single and multifamily
 
2

 
307

 
307

Commercial - Other
 
4

 
8,577

 
7,274

Commercial and industrial - Other
 
6

 
9,041

 
8,904

Consumer - Other
 
1

 
999

 
999

 
 
14

 
$
19,047

 
$
17,607

Schedule of TDR Activity
The following table presents the Company’s TDR activity in 2017 and 2016:
(In thousands)
 
2017
 
2016
 
2015
Balance at beginning of year
 
$
33,829

 
$
22,048

 
$
16,714

Principal payments
 
(3,213
)
 
(5,870
)
 
(5,460
)
TDR status change (1)
 

 
2,235

 

Other reductions (2)
 
(4,522
)
 
(2,349
)
 
(3,160
)
Newly identified TDRs
 
15,896

 
17,765

 
13,954

Balance at end of year
 
$
41,990

 
$
33,829

 
$
22,048

________________________________ 
(1)
TDR status change classification represents TDR loans with a specified interest rate equal to or greater than the rate that the Company was willing to accept at the time of the restructuring for a new loan with comparable risk and the loan was on current payment status and not impaired based on the terms specified by the restructuring agreement.
 (2)  Other reductions classification consists of transfer to other real estate owned, charge-offs to loans, and other loan sale payoffs.