Loans and Allowance for Credit Losses on Loans (Tables)
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6 Months Ended |
Jun. 30, 2020 |
Loans and Allowance for Credit Losses on Loans |
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Schedule of major classifications of loans |
| | | | | | | | | June 30, 2020 | | December 31, 2019 | Commercial | | $ | 441,642 | | $ | 332,842 | Leases | | | 133,293 | | | 119,751 | Commercial real estate - Investor | | | 525,714 | | | 520,095 | Commercial real estate - Owner occupied | | | 343,982 | | | 345,504 | Construction | | | 83,939 | | | 69,617 | Residential real estate - Investor | | | 69,421 | | | 71,105 | Residential real estate - Owner occupied | | | 126,303 | | | 136,023 | Multifamily | | | 197,521 | | | 189,773 | HELOC | | | 89,170 | | | 91,605 | HELOC - Purchased | | | 26,467 | | | 31,852 | Other 1 | | | 14,884 | | | 12,258 | Total loans, excluding deferred loan costs and PCI loans 2 | | | 2,052,336 | | | 1,920,425 | Net deferred loan costs | | | - | | | 1,786 | Total loans, excluding PCI loans 2 | | | 2,052,336 | | | 1,922,211 | PCI loans | | | - | | | 8,601 | Total loans, including deferred loan costs and PCI loans 2 | | $ | 2,052,336 | | $ | 1,930,812 | Allowance for credit losses on loans | | | (31,273) | | | (19,789) | Net loans 3 | | $ | 2,021,063 | | $ | 1,911,023 |
1 The “Other” segment for 2020 includes consumer and overdrafts in this table and in subsequent tables within Note 4 - Loans and Allowance for Credit Losses on Loans. 2As noted in the paragraph below, for periods before the Company’s adoption of CECL on January 1, 2020, PCI loans and their related deferred loan costs (now PCD loans) were excluded from nonperforming loan disclosures and were therefore separately reported. After the adoption of CECL, all PCD loans are now included within each relevant loan type and are not separately reported as PCI loans, because such loans are now included within the Company’s nonperforming loan disclosures, if such loans otherwise meet the definition of a nonperforming loan. 3 Excludes accrued interest receivable of $7.3 million and $6.5 million at June 30, 2020 and December 31, 2019, respectively, that is recorded in other assets on the consolidated balance sheet. |
Schedule of collateral dependent loans and related loan allowances. |
| | | | | | | | | | | | | | | | | | | | | Accounts | | | | | | ACL | June 30, 2020 | | Real Estate | | Receivable | | Other | | Total | | Allocation | Commercial | | $ | 6 | | $ | 2,165 | | $ | 16 | | $ | 2,187 | | $ | 12 | Leases | | | - | | | - | | | 254 | | | 254 | | | 74 | Commercial real estate - Investor | | | 4,363 | | | - | | | - | | | 4,363 | | | 126 | Commercial real estate - Owner occupied | | | 9,089 | | | - | | | - | | | 9,089 | | | 199 | Construction | | | 2,318 | | | - | | | - | | | 2,318 | | | 933 | Residential real estate - Investor | | | 845 | | | - | | | - | | | 845 | | | - | Residential real estate - Owner occupied | | | 3,591 | | | - | | | - | | | 3,591 | | | 214 | Multifamily | | | 2,299 | | | - | | | - | | | 2,299 | | | 482 | HELOC | | | 1,148 | | | - | | | - | | | 1,148 | | | 212 | HELOC - Purchased | | | 113 | | | - | | | - | | | 113 | | | - | Other | | | - | | | - | | | 13 | | | 13 | | | 8 | Total | | $ | 23,772 | | $ | 2,165 | | $ | 283 | | $ | 26,220 | | $ | 2,260 | | | | | | | | | | | | | | | | |
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Schedule of changes in the allowance for loan losses by segment of loans based on method of impairment |
The following table presents the activity in the allowance for credit losses (“ACL”) for the three and six months ended June 30, 2020. The Company’s estimate of the ACL reflects losses over the expected remaining contractual life of the loans. | | | | | | | | | | | | | | | | | | | | | | | Impact of | | Provision | | | | | | | | | Beginning | | Adopting | | for Credit | | | | | | Ending | Allowance for credit losses | | Balance | | ASC 326 | | Losses | | Charge-offs | | Recoveries | | Balance | Three months ended June 30, 2020 | | | | | | | | | | | | | | | | | | | Commercial | | $ | 3,177 | | $ | - | | $ | (887) | | $ | 22 | | $ | 24 | | $ | 2,292 | Leases | | | 1,890 | | | - | | | 122 | | | - | | | - | | | 2,012 | Commercial real estate - Investor | | | 6,021 | | | - | | | 1,690 | | | 2 | | | 16 | | | 7,725 | Commercial real estate - Owner occupied | | | 2,051 | | | - | | | 762 | | | 292 | | | - | | | 2,521 | Construction | | | 4,031 | | | - | | | 400 | | | - | | | - | | | 4,431 | Real estate - Investor | | | 1,896 | | | - | | | 319 | | | 4 | | | 6 | | | 2,217 | Real estate - Owner occupied | | | 3,368 | | | - | | | (230) | | | 43 | | | 109 | | | 3,204 | Multifamily | | | 3,850 | | | - | | | (332) | | | - | | | - | | | 3,518 | HELOC | | | 2,260 | | | - | | | (58) | | | 2 | | | 55 | | | 2,255 | HELOC - Purchased | | | 850 | | | - | | | (452) | | | - | | | - | | | 398 | Other1 | | | 651 | | | - | | | 61 | | | 41 | | | 29 | | | 700 | | | $ | 30,045 | | $ | - | | $ | 1,395 | | $ | 406 | | $ | 239 | | $ | 31,273 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | Six months ended June 30, 2020 | | | | | | | | | | | | | | | | | | | Commercial | | $ | 3,015 | | $ | (292) | | $ | (348) | | $ | 119 | | $ | 36 | | $ | 2,292 | Leases | | | 1,262 | | | 501 | | | 249 | | | - | | | - | | | 2,012 | Commercial real estate - Investor | | | 6,218 | | | (741) | | | 2,226 | | | 15 | | | 37 | | | 7,725 | Commercial real estate - Owner occupied | | | 3,678 | | | (848) | | | 1,091 | | | 1,401 | | | 1 | | | 2,521 | Construction | | | 513 | | | 1,334 | | | 2,584 | | | - | | | - | | | 4,431 | Residential real estate - Investor | | | 601 | | | 740 | | | 854 | | | 5 | | | 27 | | | 2,217 | Residential real estate - Owner occupied | | | 1,257 | | | 1,320 | | | 538 | | | 43 | | | 132 | | | 3,204 | Multifamily | | | 1,444 | | | 1,732 | | | 342 | | | - | | | - | | | 3,518 | HELOC | | | 1,161 | | | 1,526 | | | (543) | | | 85 | | | 196 | | | 2,255 | HELOC - Purchased | | | - | | | - | | | 398 | | | - | | | - | | | 398 | Other | | | 640 | | | 607 | | | (497) | | | 139 | | | 89 | | | 700 | | | $ | 19,789 | | $ | 5,879 | | $ | 6,894 | | $ | 1,807 | | $ | 518 | | $ | 31,273 | | | | | | | | | | | | | | | | | | | |
The following table presents activity in the allowance for loan and lease losses for the three and six months ended at June 30, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: | | | | | | | | | | | | | | | | | | | | Provision | | | | | | | | | Beginning | | for Loan | | | | | | Ending | Allowance for loan and lease losses: | | Balance | | Losses | | Charge-offs | | Recoveries | | Balance | Three months ended June 30, 2019 | | | | | | | | | | | | | | | | Commercial | | $ | 3,052 | | $ | 386 | | $ | 67 | | $ | 6 | | $ | 3,377 | Leases | | | 805 | | | 156 | | | - | | | - | | | 961 | Commercial real estate - Investor | | | 5,719 | | | 576 | | | - | | | 12 | | | 6,307 | Commercial real estate - Owner occupied | | | 3,148 | | | (133) | | | 42 | | | - | | | 2,973 | Construction | | | 800 | | | 19 | | | 1 | | | 2 | | | 820 | Real estate - Investor | | | 636 | | | (53) | | | - | | | 3 | | | 586 | Real estate - Owner occupied | | | 1,320 | | | (127) | | | - | | | 11 | | | 1,204 | Multifamily | | | 1,153 | | | 77 | | | | | | - | | | 1,230 | HELOC | | | 1,325 | | | 17 | | | 50 | | | 12 | | | 1,304 | HELOC - Purchased | | | - | | | 267 | | | 229 | | | - | | | 38 | Other1 | | | 1,358 | | | (735) | | | 85 | | | 34 | | | 572 | | | $ | 19,316 | | $ | 450 | | $ | 474 | | $ | 80 | | $ | 19,372 | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | Six months ended June 30, 2019 | | | | | | | | | | | | | | | | Commercial | | $ | 2,832 | | $ | 588 | | $ | 79 | | $ | 36 | | $ | 3,377 | Leases | | | 734 | | | 227 | | | - | | | - | | | 961 | Commercial real estate - Investor | | | 5,492 | | | 927 | | | 144 | | | 32 | | | 6,307 | Commercial real estate - Owner occupied | | | 3,835 | | | (736) | | | 129 | | | 3 | | | 2,973 | Construction | | | 969 | | | (149) | | | 1 | | | 1 | | | 820 | Residential real estate - Investor | | | 629 | | | (56) | | | 6 | | | 19 | | | 586 | Residential real estate - Owner occupied | | | 1,302 | | | (123) | | | 12 | | | 37 | | | 1,204 | Multifamily | | | 1,143 | | | 79 | | | - | | | 8 | | | 1,230 | HELOC | | | 1,449 | | | (153) | | | 50 | | | 58 | | | 1,304 | HELOC - Purchased | | | - | | | 267 | | | 229 | | | - | | | 38 | Other1 | | | 621 | | | 29 | | | 169 | | | 91 | | | 572 | | | $ | 19,006 | | $ | 900 | | $ | 819 | | $ | 285 | | $ | 19,372 | | | | | | | | | | | | | | | | |
1 The “Other” class includes consumer, overdrafts and net deferred costs. |
Schedule of aged analysis of past due loans by class of loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 90 days or | | | | | | | | | 90 Days or | | | | | | | | | | | Greater Past | | | 30-59 Days | | 60-89 Days | | Greater Past | | Total Past | | | | | | | | Due and | June 30, 2020 | | Past Due | | Past Due | | Due | | Due | | Current | | Total Loans | | Accruing | Commercial | | $ | - | | $ | 13 | | $ | 2,151 | | $ | 2,164 | | $ | 439,478 | | $ | 441,642 | | $ | - | Leases | | | 93 | | | 415 | | | 181 | | | 689 | | | 132,604 | | | 133,293 | | | - | Commercial real estate - Investor | | | 242 | | | 430 | | | 1,515 | | | 2,187 | | | 523,527 | | | 525,714 | | | - | Commercial real estate - Owner occupied | | | 473 | | | 1,650 | | | 6,083 | | | 8,206 | | | 335,776 | | | 343,982 | | | 579 | Construction | | | 3,285 | | | - | | | 375 | | | 3,660 | | | 80,279 | | | 83,939 | | | 52 | Residential real estate - Investor | | | 80 | | | 160 | | | 689 | | | 929 | | | 68,492 | | | 69,421 | | | - | Residential real estate - Owner occupied | | | 6 | | | 314 | | | 1,307 | | | 1,627 | | | 124,676 | | | 126,303 | | | 209 | Multifamily | | | 4,133 | | | 821 | | | 69 | | | 5,023 | | | 192,498 | | | 197,521 | | | - | HELOC | | | 110 | | | 52 | | | 277 | | | 439 | | | 88,731 | | | 89,170 | | | - | HELOC - Purchased | | | 49 | | | - | | | 64 | | | 113 | | | 26,354 | | | 26,467 | | | - | Other | | | 31 | | | 1 | | | 8 | | | 40 | | | 14,844 | | | 14,884 | | | - | Total | | $ | 8,502 | | $ | 3,856 | | $ | 12,719 | | $ | 25,077 | | $ | 2,027,259 | | $ | 2,052,336 | | $ | 840 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | | | | | | | | | | | | | | | | | | | | | | | Investment | | | | | | | | | | | | | | | | | | | | | | | | 90 days or | | | | | | | | | 90 Days or | | | | | | | | | | | | | | Greater Past | | | 30-59 Days | | 60-89 Days | | Greater Past | | Total Past | | | | | | | | | | | Due and | December 31, 2019 | | Past Due | | Past Due | | Due | | Due | | Current | | Nonaccrual | | Total Loans | | Accruing | Commercial | | $ | 1,271 | | $ | 925 | | $ | 2,103 | | $ | 4,299 | | $ | 328,399 | | $ | 144 | | $ | 332,842 | | $ | 2,132 | Leases | | | 362 | | | - | | | 81 | | | 443 | | | 118,979 | | | 329 | | | 119,751 | | | 128 | Commercial real estate - Investor | | | 626 | | | 95 | | | 343 | | | 1,064 | | | 517,336 | | | 1,695 | | | 520,095 | | | 348 | Commercial real estate - Owner occupied | | | 2,469 | | | 1,026 | | | - | | | 3,495 | | | 336,829 | | | 5,180 | | | 345,504 | | | - | Construction | | | 26 | | | - | | | - | | | 26 | | | 69,498 | | | 93 | | | 69,617 | | | - | Residential real estate - Investor | | | 141 | | | 125 | | | - | | | 266 | | | 70,051 | | | 788 | | | 71,105 | | | - | Residential real estate - Owner occupied | | | 3,450 | | | 1,351 | | | - | | | 4,801 | | | 128,650 | | | 2,572 | | | 136,023 | | | - | Multifamily | | | 10 | | | 1,700 | | | - | | | 1,710 | | | 187,995 | | | 68 | | | 189,773 | | | - | HELOC | | | 735 | | | 50 | | | 18 | | | 803 | | | 89,438 | | | 1,364 | | | 91,605 | | | 20 | HELOC - Purchased | | | - | | | - | | | - | | | - | | | 31,672 | | | 180 | | | 31,852 | | | - | Other 1 | | | 28 | | | - | | | - | | | 28 | | | 13,997 | | | 19 | | | 14,044 | | | - | Total, excluding PCI | | | 9,118 | | | 5,272 | | | 2,545 | | | 16,935 | | | 1,892,844 | | | 12,432 | | | 1,922,211 | | | 2,628 | PCI loans, net of purchase accounting adjustments | | | 261 | | | - | | | - | | | 261 | | | 5,377 | | | 2,963 | | | 8,601 | | | - | Total | | $ | 9,379 | | $ | 5,272 | | $ | 2,545 | | $ | 17,196 | | $ | 1,898,221 | | $ | 15,395 | | $ | 1,930,812 | | $ | 2,628 |
1 The “Other” class includes consumer, overdrafts and net deferred costs. |
Schedule of loans on nonaccrual for which there was no related allowance |
| | | | | | | | | | | | | | | | | June 30, 2020 | | December 31, 2019 | | | | | | Nonaccrual | | | | Nonaccrual | | | | Nonaccrual | | With no ACL | | Nonaccrual | | With no ACL | Commercial | | | $ | 2,168 | | $ | 2,166 | | $ | 144 | | $ | - | Leases | | | | 181 | | | 103 | | | 329 | | | 70 | Commercial real estate - Investor | | | | 1,968 | | | 1,968 | | | 1,695 | | | 1,590 | Commercial real estate - Owner occupied | | | | 6,644 | | | 6,194 | | | 5,180 | | | 2,366 | Construction | | | | 2,151 | | | 50 | | | 93 | | | 93 | Residential real estate - Investor | | | | 845 | | | 845 | | | 788 | | | 788 | Residential real estate - Owner occupied | | | | 3,259 | | | 2,626 | | | 2,572 | | | 2,475 | Multifamily | | | | 69 | | | 69 | | | 68 | | | 68 | HELOC | | | | 937 | | | 937 | | | 1,364 | | | 1,154 | HELOC - Purchased | | | | 113 | | | 113 | | | 180 | | | 180 | Other | | | | 8 | | | 1 | | | 19 | | | 2 | Total, excluding PCI loans | | | | 18,343 | | | 15,072 | | | 12,432 | | | 8,786 | PCI loans, net of purchase accounting adjustments | | | | - | | | - | | | 2,963 | | | 2,963 | Total | | | $ | 18,343 | | $ | 15,072 | | $ | 15,395 | | $ | 11,749 |
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Schedule of credit quality indicators by class of loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | | | | | | | | | | | | | | | | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | | | Converted | | | | | | | | | | | | | | | | | | | | | | | Revolving | | To Term | | | | | 2020 | | 2019 | | 2018 | | 2017 | | 2016 | | Prior | | Loans | | Loans | | Total | Commercial | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 153,129 | | $ | 44,105 | | $ | 18,257 | | $ | 9,747 | | $ | 3,352 | | $ | 3,368 | | $ | 191,684 | | $ | - | | $ | 423,642 | Special Mention | | | 120 | | | 1,609 | | | 68 | | | 15 | | | 359 | | | 32 | | | 7,170 | | | - | | | 9,373 | Substandard1 | | | 507 | | | 23 | | | 2,623 | | | - | | | 1,972 | | | - | | | 3,502 | | | - | | | 8,627 | Total commercial | | | 153,756 | | | 45,737 | | | 20,948 | | | 9,762 | | | 5,683 | | | 3,400 | | | 202,356 | | | - | | | 441,642 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leases | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 29,370 | | | 61,681 | | | 21,732 | | | 8,897 | | | 8,470 | | | 2,371 | | | - | | | - | | | 132,521 | Special Mention | | | - | | | 518 | | | - | | | - | | | - | | | - | | | - | | | - | | | 518 | Substandard1 | | | - | | | - | | | - | | | 73 | | | 181 | | | - | | | - | | | - | | | 254 | Total leases | | | 29,370 | | | 62,199 | | | 21,732 | | | 8,970 | | | 8,651 | | | 2,371 | | | - | | | - | | | 133,293 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate - Investor | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 88,855 | | | 174,146 | | | 97,629 | | | 70,088 | | | 59,039 | | | 29,000 | | | 969 | | | - | | | 519,726 | Special Mention | | | 56 | | | 151 | | | 233 | | | - | | | 103 | | | - | | | - | | | - | | | 543 | Substandard1 | | | 484 | | | 3,572 | | | - | | | - | | | 268 | | | 1,121 | | | - | | | - | | | 5,445 | Total commercial real estate - investor | | | 89,395 | | | 177,869 | | | 97,862 | | | 70,088 | | | 59,410 | | | 30,121 | | | 969 | | | - | | | 525,714 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate - Owner occupied | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 46,088 | | | 54,932 | | | 81,718 | | | 48,807 | | | 53,601 | | | 40,323 | | | 1,163 | | | - | | | 326,632 | Special Mention | | | - | | | - | | | 464 | | | 2,168 | | | 5,286 | | | - | | | - | | | - | | | 7,918 | Substandard1 | | | 1,130 | | | 2,787 | | | 1,147 | | | 1,762 | | | 1,472 | | | 1,134 | | | - | | | - | | | 9,432 | Total commercial real estate - owner occupied | | | 47,218 | | | 57,719 | | | 83,329 | | | 52,737 | | | 60,359 | | | 41,457 | | | 1,163 | | | - | | | 343,982 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 11,657 | | | 41,167 | | | 17,823 | | | 597 | | | 470 | | | 1,326 | | | 8,540 | | | - | | | 81,580 | Special Mention | | | 41 | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | 41 | Substandard1 | | | - | | | 323 | | | 1,945 | | | - | | | - | | | 50 | | | - | | | - | | | 2,318 | Total construction | | | 11,698 | | | 41,490 | | | 19,768 | | | 597 | | | 470 | | | 1,376 | | | 8,540 | | | - | | | 83,939 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate - Investor | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 7,585 | | | 19,341 | | | 13,598 | | | 10,211 | | | 3,513 | | | 12,604 | | | 1,115 | | | - | | | 67,967 | Special Mention | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | Substandard1 | | | 343 | | | - | | | 633 | | | 2 | | | - | | | 372 | | | 104 | | | - | | | 1,454 | Total residential real estate - investor | | | 7,928 | | | 19,341 | | | 14,231 | | | 10,213 | | | 3,513 | | | 12,976 | | | 1,219 | | | - | | | 69,421 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate - Owner occupied | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 6,345 | | | 26,051 | | | 15,223 | | | 23,746 | | | 11,256 | | | 37,674 | | | 1,738 | | | - | | | 122,033 | Special Mention | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | Substandard1 | | | 48 | | | - | | | 267 | | | 619 | | | 547 | | | 2,789 | | | - | | | - | | | 4,270 | Total residential real estate - owner occupied | | | 6,393 | | | 26,051 | | | 15,490 | | | 24,365 | | | 11,803 | | | 40,463 | | | 1,738 | | | - | | | 126,303 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Multifamily | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 10,067 | | | 54,973 | | | 45,603 | | | 45,780 | | | 13,777 | | | 19,460 | | | 207 | | | - | | | 189,867 | Special Mention | | | - | | | - | | | 1,527 | | | 557 | | | 8 | | | - | | | - | | | - | | | 2,092 | Substandard1 | | | - | | | - | | | 2,103 | | | 961 | | | 124 | | | 2,374 | | | - | | | - | | | 5,562 | Total multifamily | | | 10,067 | | | 54,973 | | | 49,233 | | | 47,298 | | | 13,909 | | | 21,834 | | | 207 | | | - | | | 197,521 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | HELOC | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 2,550 | | | 2,470 | | | 1,763 | | | 2,605 | | | 785 | | | 1,123 | | | 76,171 | | | - | | | 87,467 | Special Mention | | | - | | | - | | | - | | | - | | | - | | | - | | | 13 | | | - | | | 13 | Substandard1 | | | - | | | 1 | | | 73 | | | 37 | | | 259 | | | 58 | | | 1,262 | | | - | | | 1,690 | Total HELOC | | | 2,550 | | | 2,471 | | | 1,836 | | | 2,642 | | | 1,044 | | | 1,181 | | | 77,446 | | | - | | | 89,170 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | HELOC - Purchased | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | | - | | | - | | | - | | | - | | | - | | | 26,354 | | | - | | | - | | | 26,354 | Special Mention | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | Substandard1 | | | - | | | 65 | | | 48 | | | - | | | - | | | - | | | - | | | - | | | 113 | Total HELOC - purchased | | | - | | | 65 | | | 48 | | | - | | | - | | | 26,354 | | | - | | | - | | | 26,467 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 872 | | | 3,038 | | | 986 | | | 481 | | | 687 | | | 413 | | | 8,054 | | | - | | | 14,531 | Special Mention | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | Substandard1 | | | - | | | - | | | 345 | | | 8 | | | - | | | - | | | - | | | - | | | 353 | Total other | | | 872 | | | 3,038 | | | 1,331 | | | 489 | | | 687 | | | 413 | | | 8,054 | | | - | | | 14,884 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 356,518 | | | 481,904 | | | 314,332 | | | 220,959 | | | 154,950 | | | 174,016 | | | 289,641 | | | - | | | 1,992,320 | Special Mention | | | 217 | | | 2,278 | | | 2,292 | | | 2,740 | | | 5,756 | | | 32 | | | 7,183 | | | - | | | 20,498 | Substandard1 | | | 2,512 | | | 6,771 | | | 9,184 | | | 3,462 | | | 4,823 | | | 7,898 | | | 4,868 | | | - | | | 39,518 | Total loans | | $ | 359,247 | | $ | 490,953 | | $ | 325,808 | | $ | 227,161 | | $ | 165,529 | | $ | 181,946 | | $ | 301,692 | | $ | - | | $ | 2,052,336 |
1 The substandard credit quality indicator includes both potential problem loans that are currently performing and nonperforming loans. Credit quality indicators by loan segment at December 31, 2019 were as follows: | | | | | | | | | | | | | | | | December 31, 2019 | | | | | Special | | | | | | | | | | | | Pass | | Mention | | Substandard2 | | Doubtful | | Total | Commercial | | $ | 307,948 | | $ | 13,206 | | $ | 11,688 | | $ | - | | $ | 332,842 | Leases | | | 119,045 | | | 377 | | | 329 | | | - | | | 119,751 | Commercial real estate - Investor | | | 510,640 | | | 4,529 | | | 4,926 | | | | | | 520,095 | Commercial real estate - Owner occupied | | | 330,891 | | | 6,657 | | | 7,956 | | | - | | | 345,504 | Construction | | | 69,355 | | | - | | | 262 | | | - | | | 69,617 | Residential real estate - Investor | | | 69,715 | | | - | | | 1,390 | | | - | | | 71,105 | Residential real estate - Owner occupied | | | 132,258 | | | 134 | | | 3,631 | | | - | | | 136,023 | Multifamily | | | 187,560 | | | 1,710 | | | 503 | | | - | | | 189,773 | HELOC | | | 89,804 | | | 12 | | | 1,789 | | | - | | | 91,605 | HELOC - Purchased | | | 31,672 | | | - | | | 180 | | | | | | 31,852 | Other 1 | | | 13,685 | | | - | | | 359 | | | - | | | 14,044 | Total, excluding PCI loans | | $ | 1,862,573 | | $ | 26,625 | | $ | 33,013 | | $ | - | | $ | 1,922,211 | PCI loans, net of purchase accounting adjustments | | | 573 | | | 261 | | | 7,767 | | | - | | | 8,601 | Total | | $ | 1,863,146 | | $ | 26,886 | | $ | 40,780 | | $ | - | | $ | 1,930,812 |
1 The “Other” class includes consumer, overdrafts and net deferred costs. 2 The substandard credit quality indicator includes both potential problem loans that are currently performing and nonperforming loans. |
Schedule of TDRs modified during the period by type of modification |
| | | | | | | | | | | | | | | | | | | | TDR Modifications | | TDR Modifications | | | | Three Months Ended June 30, 2020 | | Six Months Ended June 30, 2020 | | | | # of | | Pre-modification | | Post-modification | | # of | | Pre-modification | | Post-modification | | | | contracts | | recorded investment | | recorded investment | | contracts | | recorded investment | | recorded investment | | Troubled debt restructurings | | | | | | | | | | | | | | | | | | Residential real estate - Owner occupied | | | | | | | | | | | | | | | | | | HAMP1 | | 2 | | $ | 256 | | $ | 253 | | 2 | | $ | 256 | | $ | 253 | | Total | | 2 | | $ | 256 | | $ | 253 | | 2 | | $ | 256 | | $ | 253 | |
| | | | | | | | | | | | | | | | | | | | TDR Modifications | | TDR Modifications | | | | Three Months Ended June 30, 2019 | | Six Months Ended June 30, 2019 | | | | # of | | Pre-modification | | Post-modification | | # of | | Pre-modification | | Post-modification | | | | contracts | | recorded investment | | recorded investment | | contracts | | recorded investment | | recorded investment | | Troubled debt restructurings | | | | | | | | | | | | | | | | | | Commercial real estate - owner occupied | | | | | | | | | | | | | | | | | | Other2 | | - | | $ | - | | $ | - | | 1 | | $ | 58 | | $ | 57 | | Residential real estate - owner occupied | | | | | | | | | | | | | | | | | | HAMP1 | | 2 | | | 294 | | | 292 | | 3 | | | 399 | | | 299 | | HELOC | | | | | | | | | | | | | | | | | | HAMP1 | | - | | | - | | | - | | 1 | | | 39 | | | 34 | | Other2 | | - | | | - | | | - | | 1 | | | 39 | | | 39 | | Total | | 2 | | $ | 294 | | $ | 292 | | 6 | | $ | 535 | | $ | 429 | |
1 HAMP: Home Affordable Modification Program. 2 Other: Change of terms from bankruptcy court. |