Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2021

Loans Receivable

Summary of loans and leases outstanding

	September 30,		December 31,
(dollars in thousands)	2021		2020
Mortgage loans held for sale	$	117,996	229,199
Real estate loans:
Commercial mortgage		542,473	485,103
Home equity lines and loans		52,819	64,987
Residential mortgage (1)		59,295	52,454
Construction		162,192	140,246
Total real estate loans		816,779	742,790
Commercial and industrial		278,976	261,750
Small business loans		90,477	49,542
Paycheck Protection Program loans ("PPP")		118,585	203,543
Main Street Lending Program Loans ("MSLP")		592	580
Consumer		427	511
Leases, net		73,993	31,040
Total portfolio loans and leases		1,379,829	1,289,756
Total loans and leases	$	1,497,825	1,518,955
Loans with predetermined rates	$	542,289	658,458
Loans with adjustable or floating rates		955,536	860,497
Total loans and leases	$	1,497,825	1,518,955
Net deferred loan origination (fees) costs	$	(1,159)	(4,992)

(1) Includes $17,142 and $12,182 of loans at fair value as of September 30, 2021 and December 31, 2020, respectively.

Schedule of components of the net investment in leases

	September 30,		December 31,
(dollars in thousands)	2021		2020
Minimum lease payments receivable	$	89,051	37,919
Unearned lease income		(15,058)	(6,879)
Total	$	73,993	31,040

Schedule of age analysis of past due loans and leases

						Total
			90+ days			Accruing	Nonaccrual	Total loans
September 30, 2021	30-89 days		past due and	Total past		Loans and	loans and	portfolio	Delinquency
(dollars in thousands)	past due		still accruing	due	Current	leases	leases	and leases	percentage
Commercial mortgage	$	—	—	—	542,473	542,473	—	542,473	—	%
Home equity lines and loans		65	—	65	51,844	51,909	910	52,819	1.85
Residential mortgage (1)		143	—	143	56,874	57,017	2,278	59,295	4.08
Construction		—	—	—	162,192	162,192	—	162,192	—
Commercial and industrial		770	—	770	273,117	273,887	5,089	278,976	2.10
Small business loans		—	—	—	89,561	89,561	916	90,477	1.01
Paycheck Protection Program loans		2,422	—	2,422	116,163	118,585	—	118,585	2.04
Main Street Lending Program loans		—	—	—	592	592	—	592	—
Consumer		—	—	—	427	427	—	427	—
Leases, net		263	—	263	73,730	73,993	—	73,993	0.36
Total	$	3,663	—	3,663	1,366,973	1,370,636	9,193	1,379,829	0.93	%

(1) Includes $17,142 of loans at fair value as of September 30, 2021 ($16,523 are current, $143 are 30-89 days past due, and $475 are nonaccrual).

						Total
			90+ days			Accruing	Nonaccrual	Total loans
December 31, 2020	30-89 days		past due and	Total past		Loans and	loans and	portfolio	Delinquency
(dollars in thousands)	past due		still accruing	due	Current	leases	leases	and leases	percentage
Commercial mortgage	$	—	—	—	482,042	482,042	3,061	485,103	0.63	%
Home equity lines and loans		—	—	—	64,128	64,128	859	64,987	1.32
Residential mortgage (1)		3,595	—	3,595	46,134	49,729	2,725	52,454	12.05
Construction		—	—	—	140,246	140,246	—	140,246	—
Commercial and industrial		—	—	—	260,465	260,465	1,285	261,750	0.49
Small business loans		—	—	—	49,542	49,542	—	49,542	—
Paycheck Protection Program loans		—	—	—	203,543	203,543	—	203,543	—
Main Street Lending Program loans		—	—	—	580	580	—	580	—
Consumer		—	—	—	511	511	—	511	—
Leases, net		109	—	109	30,931	31,040	—	31,040	0.35
Total	$	3,704	—	3,704	1,278,122	1,281,826	7,930	1,289,756	0.90	%

(1) Includes $12,182 of loans at fair value as of December 31, 2020 ($10,314 are current, $958 are 30-89 days past due and $910 are nonaccrual).