XML 44 R30.htm IDEA: XBRL DOCUMENT v3.23.2
Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2023
Allowance for Credit Losses  
Schedule of activity in the allowance by class of loans and lease

Three Months Ended June 30, 2023

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

    

Industrial

    

Estate

    

Construction

    

Financing

    

Mortgage

    

Line

    

Consumer

    

Total

Allowance for credit losses:

Balance at beginning of period

$

14,038

$

40,311

$

6,473

$

1,481

$

34,320

$

9,341

$

41,158

$

147,122

Charge-offs

(997)

(137)

(4,516)

(5,650)

Recoveries

292

30

59

1,728

2,109

Provision

477

(424)

3,398

(34)

(1,547)

2,543

587

5,000

Balance at end of period

$

13,810

$

39,887

$

9,871

$

1,447

$

32,803

$

11,806

$

38,957

$

148,581

Six Months Ended June 30, 2023

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

  

Industrial

  

Estate

  

Construction

  

Financing

  

Mortgage

    

Line

  

Consumer

  

Total

Allowance for credit losses:

Balance at beginning of period

$

14,564

$

43,810

$

5,843

$

1,551

$

35,175

$

8,296

$

34,661

$

143,900

Charge-offs

(1,788)

(122)

(272)

(9,298)

(11,480)

Recoveries

538

57

236

3,894

4,725

Provision

496

(3,923)

4,028

(104)

(2,307)

3,546

9,700

11,436

Balance at end of period

$

13,810

$

39,887

$

9,871

$

1,447

$

32,803

$

11,806

$

38,957

$

148,581

Three Months Ended June 30, 2022

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

    

Industrial

    

Estate

    

Construction

    

Financing

    

Mortgage

    

Line

    

Consumer

    

Total

Allowance for credit losses:

Balance at beginning of period

$

19,160

$

45,238

$

8,908

$

1,362

$

30,888

$

5,084

$

39,640

$

150,280

Charge-offs

(243)

(1,120)

(3,659)

(5,022)

Recoveries

301

60

192

191

1,940

2,684

Provision

(3,294)

(512)

(3,541)

(24)

2,555

579

5,237

1,000

Balance at end of period

$

15,924

$

44,726

$

5,367

$

1,398

$

33,635

$

4,734

$

43,158

$

148,942

Six Months Ended June 30, 2022

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

  

Industrial

  

Estate

  

Construction

  

Financing

  

Mortgage

    

Line

  

Consumer

  

Total

Allowance for credit losses:

Balance at beginning of period

$

20,080

$

42,951

$

9,773

$

1,659

$

34,364

$

5,642

$

42,793

$

157,262

Charge-offs

(949)

(1,163)

(7,768)

(9,880)

Recoveries

354

14

60

208

219

4,088

4,943

Provision

(3,561)

1,761

(4,406)

(321)

(937)

36

4,045

(3,383)

Balance at end of period

$

15,924

$

44,726

$

5,367

$

1,398

$

33,635

$

4,734

$

43,158

$

148,942

Schedule of activity in the Liability for Credit Losses for Off-Balance-Sheet Financial Instruments

Three Months Ended June 30, 2023

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

    

Industrial

    

Estate

    

Construction

    

Financing

    

Mortgage

    

Line

    

Consumer

    

Total

Reserve for unfunded commitments:

Balance at beginning of period

$

7,153

$

1,692

$

8,952

$

$

17

$

18,336

$

49

$

36,199

Provision

(799)

299

837

2

(321)

(18)

Balance at end of period

$

6,354

$

1,991

$

9,789

$

$

19

$

18,015

$

31

$

36,199

Six Months Ended June 30, 2023

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

  

Industrial

  

Estate

  

Construction

  

Financing

  

Mortgage

  

Line

  

Consumer

  

Total

Reserve for unfunded commitments:

Balance at beginning of period

$

7,811

$

2,004

$

7,470

$

$

30

$

16,483

$

37

$

33,835

Provision

(1,457)

(13)

2,319

(11)

1,532

(6)

2,364

Balance at end of period

$

6,354

$

1,991

$

9,789

$

$

19

$

18,015

$

31

$

36,199

Three Months Ended June 30, 2022

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

    

Industrial

    

Estate

    

Construction

    

Financing

    

Mortgage

    

Line

    

Consumer

    

Total

Reserve for unfunded commitments:

Balance at beginning of period

$

9,308

$

1,789

$

8,046

$

$

3

$

9,766

$

46

$

28,958

Provision

(1,668)

1,961

(1,962)

29

1,657

(17)

Balance at end of period

$

7,640

$

3,750

$

6,084

$

$

32

$

11,423

$

29

$

28,958

Six Months Ended June 30, 2022

Commercial Lending

Residential Lending

Commercial

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

  

Industrial

  

Estate

  

Construction

  

Financing

  

Mortgage

  

Line

  

Consumer

  

Total

Reserve for unfunded commitments:

Balance at beginning of period

$

8,615

$

2,114

$

8,963

$

$

15

$

10,546

$

69

$

30,322

Provision

(975)

1,636

(2,879)

17

877

(40)

(1,364)

Balance at end of period

$

7,640

$

3,750

$

6,084

$

$

32

$

11,423

$

29

$

28,958

Schedule of amortized cost basis by year of origination and credit quality indicator

The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of June 30, 2023 was as follows:

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

Amortized

Amortized

(dollars in thousands)

2023

2022

2021

2020

2019

Prior

Cost Basis

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

$

33,877

$

299,913

$

385,159

$

38,769

$

157,794

$

165,747

$

952,182

$

15,003

$

2,048,444

Special Mention

103

31,193

154

849

2,397

1,481

2,967

186

39,330

Substandard

352

563

260

936

819

1,100

12,539

17

16,586

Other (1)

11,743

13,284

6,301

3,275

2,644

1,668

44,556

83,471

Total Commercial and Industrial

46,075

344,953

391,874

43,829

163,654

169,996

1,012,244

15,206

2,187,831

Current period gross charge-offs

$

72

$

60

$

9

$

28

$

92

$

1,527

$

$

$

1,788

Commercial Real Estate

Risk rating:

Pass

212,159

876,558

655,847

333,142

564,881

1,499,805

72,447

4,214,839

Special Mention

1,737

156

547

6,983

12,389

12,952

34,764

Substandard

5,141

171

35,883

2

41,197

Other (1)

148

148

Total Commercial Real Estate

213,896

881,855

655,847

333,860

571,864

1,548,225

85,401

4,290,948

Current period gross charge-offs

Construction

Risk rating:

Pass

77,826

182,679

365,959

76,728

61,906

82,554

6,562

854,214

Special Mention

205

205

Other (1)

6,601

26,882

15,766

3,261

2,136

4,067

705

59,418

Total Construction

84,427

209,561

381,725

79,989

64,247

86,621

7,267

913,837

Current period gross charge-offs

Lease Financing

Risk rating:

Pass

69,487

94,276

21,167

39,215

35,964

70,312

330,421

Special Mention

365

60

425

Substandard

171

7

1,376

1,554

Total Lease Financing

69,487

94,276

21,532

39,446

35,971

71,688

332,400

Current period gross charge-offs

Total Commercial Lending

$

413,885

$

1,530,645

$

1,450,978

$

497,124

$

835,736

$

1,876,530

$

1,104,912

$

15,206

$

7,725,016

Current period gross charge-offs

$

72

$

60

$

9

$

28

$

92

$

1,527

$

$

$

1,788

(continued)

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

(continued)

Amortized

Amortized

(dollars in thousands)

2023

2022

2021

2020

2019

Prior

Cost Basis

Cost Basis

Total

Residential Lending

Residential Mortgage

FICO:

740 and greater

$

138,593

$

530,776

$

1,030,287

$

544,330

$

236,821

$

1,036,361

$

$

$

3,517,168

680 - 739

25,500

81,562

117,701

74,446

34,186

135,766

469,161

620 - 679

2,468

11,212

16,463

10,747

5,743

38,132

84,765

550 - 619

3,383

4,058

2,471

254

12,362

22,528

Less than 550

197

2,372

1,581

51

5,403

9,604

No Score (3)

6,075

19,497

12,552

6,378

9,837

56,201

110,540

Other (2)

9,916

18,075

17,857

12,952

8,915

28,438

7,618

103,771

Total Residential Mortgage

182,552

664,702

1,201,290

652,905

295,807

1,312,663

7,618

4,317,537

Current period gross charge-offs

$

$

$

$

$

$

122

$

$

$

122

Home Equity Line

FICO:

740 and greater

930,741

1,668

932,409

680 - 739

151,418

2,449

153,867

620 - 679

32,897

1,376

34,273

550 - 619

9,428

1,448

10,876

Less than 550

5,127

312

5,439

No Score (3)

1,299

1,299

Total Home Equity Line

1,130,910

7,253

1,138,163

Current period gross charge-offs

254

18

272

Total Residential Lending

$

182,552

$

664,702

$

1,201,290

$

652,905

$

295,807

$

1,312,663

$

1,138,528

$

7,253

$

5,455,700

Current period gross charge-offs

$

$

$

$

$

$

122

$

254

$

18

$

394

Consumer Lending

FICO:

740 and greater

70,561

153,960

93,788

45,022

34,093

19,410

117,437

140

534,411

680 - 739

44,064

84,900

49,136

23,895

19,424

11,352

72,327

431

305,529

620 - 679

14,643

37,576

19,488

9,771

11,007

8,482

33,692

941

135,600

550 - 619

2,255

10,974

8,135

5,608

6,314

5,207

11,730

748

50,971

Less than 550

418

4,358

4,478

2,695

2,975

2,765

4,247

560

22,496

No Score (3)

1,425

586

2

6

17

39,035

167

41,238

Other (2)

36

1,208

3,536

343

1,113

1

85,634

91,871

Total Consumer Lending

$

133,402

$

293,562

$

178,563

$

87,334

$

74,932

$

47,234

$

364,102

$

2,987

$

1,182,116

Current period gross charge-offs

$

58

$

1,244

$

1,260

$

630

$

1,239

$

1,388

$

3,131

$

348

$

9,298

Total Loans and Leases

$

729,839

$

2,488,909

$

2,830,831

$

1,237,363

$

1,206,475

$

3,236,427

$

2,607,542

$

25,446

$

14,362,832

Current period gross charge-offs

$

130

$

1,304

$

1,269

$

658

$

1,331

$

3,037

$

3,385

$

366

$

11,480

(1)Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score.
(2)Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating.
(3)No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.

The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of December 31, 2022 was as follows:

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

Amortized

Amortized

(dollars in thousands)

2022

2021

2020

2019

2018

Prior

Cost Basis

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

$

359,881

$

422,567

$

54,656

$

170,222

$

51,476

$

137,257

$

894,384

$

15,715

$

2,106,158

Special Mention

2,059

240

1,371

2,643

184

1,431

22,897

378

31,203

Substandard

625

289

1,117

1,092

668

885

14,733

65

19,474

Other (1)

17,679

7,721

4,329

3,965

1,881

1,167

42,320

79,062

Total Commercial and Industrial

380,244

430,817

61,473

177,922

54,209

140,740

974,334

16,158

2,235,897

Commercial Real Estate

Risk rating:

Pass

889,583

695,882

319,838

565,587

395,474

1,173,163

48,081

4,087,608

Special Mention

170

555

14,878

512

11,398

675

28,188

Substandard

173

1,704

14,485

16,362

Other (1)

151

151

Total Commercial Real Estate

889,753

695,882

320,566

580,465

397,690

1,199,197

48,756

4,132,309

Construction

Risk rating:

Pass

124,464

261,536

96,423

97,000

88,973

84,704

25,957

779,057

Special Mention

221

221

Substandard

21

490

511

Other (1)

29,694

21,339

4,686

2,201

3,784

2,196

954

64,854

Total Construction

154,158

282,875

101,109

99,422

92,778

87,390

26,911

844,643

Lease Financing

Risk rating:

Pass

113,563

24,052

43,497

37,502

6,004

67,687

292,305

Special Mention

411

2,498

1,299

4,208

Substandard

197

12

11

1,357

1,577

Total Lease Financing

113,563

24,463

46,192

38,813

6,015

69,044

298,090

Total Commercial Lending

$

1,537,718

$

1,434,037

$

529,340

$

896,622

$

550,692

$

1,496,371

$

1,050,001

$

16,158

$

7,510,939

(continued)

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

(continued)

Amortized

Amortized

(dollars in thousands)

2022

2021

2020

2019

2018

Prior

Cost Basis

Cost Basis

Total

Residential Lending

Residential Mortgage

FICO:

740 and greater

$

557,636

$

1,064,444

$

560,463

$

245,241

$

165,258

$

920,100

$

$

$

3,513,142

680 - 739

73,929

112,672

82,416

40,355

22,126

130,508

462,006

620 - 679

12,320

13,804

9,881

3,649

3,054

35,441

78,149

550 - 619

2,455

2,246

1,791

263

601

6,955

14,311

Less than 550

1,321

367

966

5,304

7,958

No Score (3)

22,289

14,671

6,820

10,599

15,921

47,245

117,545

Other (2)

18,970

18,211

15,287

9,201

9,124

29,128

9,202

554

109,677

Total Residential Mortgage

687,599

1,227,369

677,025

309,308

217,050

1,174,681

9,202

554

4,302,788

Home Equity Line

FICO:

740 and greater

817,123

2,059

819,182

680 - 739

171,117

2,714

173,831

620 - 679

45,368

2,100

47,468

550 - 619

7,485

1,029

8,514

Less than 550

1,151

481

1,632

No Score (3)

4,724

4,724

Total Home Equity Line

1,046,968

8,383

1,055,351

Total Residential Lending

687,599

1,227,369

677,025

309,308

217,050

1,174,681

1,056,170

8,937

5,358,139

Consumer Lending

FICO:

740 and greater

200,887

111,047

53,534

43,912

24,951

8,432

125,126

185

568,074

680 - 739

99,787

67,140

37,260

31,751

15,874

7,665

72,101

514

332,092

620 - 679

25,949

29,587

14,226

16,872

9,672

6,488

31,854

937

135,585

550 - 619

3,017

5,475

5,226

8,056

5,396

3,924

11,269

854

43,217

Less than 550

656

1,351

2,286

3,779

1,869

1,593

3,541

443

15,518

No Score (3)

3,205

258

51

24

29

38,805

227

42,599

Other (2)

1,615

4,082

353

1,368

78,430

1

85,849

Total Consumer Lending

335,116

218,940

112,885

105,789

57,786

28,131

361,126

3,161

1,222,934

Total Loans and Leases

$

2,560,433

$

2,880,346

$

1,319,250

$

1,311,719

$

825,528

$

2,699,183

$

2,467,297

$

28,256

$

14,092,012

(1)Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score.
(2)Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating.
(3)No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.
Schedule of aging analyses of past due loans and leases

June 30, 2023

Past Due

Loans and

Greater

Leases Past

Than or

Due 90 Days

30-59

60-89

Equal to

or More and

Days

Days

90 Days

Total

Total Loans

Still Accruing

(dollars in thousands)

  

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Current

  

and Leases

Interest

Commercial and industrial

$

1,318

$

899

$

1,606

$

3,823

$

2,184,008

$

2,187,831

$

599

Commercial real estate

3,278

619

3,897

4,287,051

4,290,948

619

Construction

913,837

913,837

Lease financing

332,400

332,400

Residential mortgage

2,662

4,531

3,524

10,717

4,306,820

4,317,537

58

Home equity line

3,843

404

3,103

7,350

1,130,813

1,138,163

Consumer

19,897

3,933

1,975

25,805

1,156,311

1,182,116

1,975

Total

$

27,720

$

13,045

$

10,827

$

51,592

$

14,311,240

$

14,362,832

$

3,251

December 31, 2022

Past Due

Loans and

Greater

Leases Past

Than or

Due 90 Days

30-59

60-89

Equal to

or More and

Days

Days

90 Days

Total

Total Loans

Still Accruing

(dollars in thousands)

  

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Current

  

and Leases

Interest

Commercial and industrial

$

2,682

$

769

$

1,441

$

4,892

$

2,231,005

$

2,235,897

$

291

Commercial real estate

4,505

727

5,232

4,127,077

4,132,309

Construction

109

109

844,534

844,643

Lease financing

298,090

298,090

Residential mortgage

3,681

1,983

2,572

8,236

4,294,552

4,302,788

58

Home equity line

5,161

1,381

2,072

8,614

1,046,737

1,055,351

Consumer

29,927

6,801

2,886

39,614

1,183,320

1,222,934

2,885

Total

$

46,065

$

10,934

$

9,698

$

66,697

$

14,025,315

$

14,092,012

$

3,234

Schedule of amortized cost basis of loans and leases on nonaccrual status

June 30, 2023

Nonaccrual

Loans

and Leases

With No

Nonaccrual

Allowance

Loans

(dollars in thousands)

  

for Credit Losses

and Leases

Commercial and industrial

$

523

$

1,024

Residential mortgage

1,549

6,097

Home equity line

596

6,107

Total Nonaccrual Loans and Leases

$

2,668

$

13,228

December 31, 2022

Nonaccrual

Loans

and Leases

With No

Nonaccrual

Allowance

Loans

(dollars in thousands)

  

for Credit Losses

and Leases

Commercial and industrial

$

665

$

1,215

Commercial real estate

727

727

Residential mortgage

1,560

6,166

Home equity line

596

3,797

Total Nonaccrual Loans and Leases

$

3,548

$

11,905

Schedule of loans modified to borrowers experiencing financial difficulty

Interest Rate Reduction

Three Months Ended

Six Months Ended

June 30, 2023

June 30, 2023

Amortized

% of Total Class

Amortized

% of Total Class

(dollars in thousands)

 

Cost Basis(1)

of Financing Receivable

  

 

Cost Basis(1)

of Financing Receivable

Commercial real estate

$

%

$

2

n/m

%

Consumer

371

0.03

705

0.06

Total

$

371

n/m

%

$

707

n/m

%

n/m – Represents less than 0.01% of total class of financing receivable.

(1)The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.

Term Extension

Three Months Ended

Six Months Ended

June 30, 2023

June 30, 2023

Amortized

% of Total Class

Amortized

% of Total Class

(dollars in thousands)

 

Cost Basis(1)

of Financing Receivable

  

 

Cost Basis(1)

of Financing Receivable

Commercial and industrial

$

87

n/m

%

$

109

n/m

%

Commercial real estate

1,227

0.03

1,227

0.03

Construction

230

0.03

Residential mortgage

33

n/m

Consumer

46

n/m

117

0.01

Total

$

1,360

0.01

%

$

1,716

0.01

%

Schedule of financial effect of the modifications made to borrowers experiencing financial difficulty

Interest Rate Reduction

Financial Effect

Three Months Ended June 30, 2023

Six Months Ended June 30, 2023

Commercial real estate

Reduced weighted-average contractual interest rate by 0.75%.

Consumer

Reduced weighted-average contractual interest rate by 12.98%.

Reduced weighted-average contractual interest rate by 13.23%.

Term Extension

Financial Effect

Three Months Ended June 30, 2023

Six Months Ended June 30, 2023

Commercial and industrial

Added a weighted-average 3.6 years to the life of loans.

Added a weighted-average 3.5 years to the life of loans.

Commercial real estate

Added a weighted-average 1.0 years to the life of loans.

Added a weighted-average 1.0 years to the life of loans.

Construction

Added a weighted-average 2.9 years to the life of loans.

Residential mortgage

Added a weighted-average 5.9 years to the life of loans.

Consumer

Added a weighted-average 2.3 years to the life of loans.

Added a weighted-average 3.6 years to the life of loans.

Tabular disclosure of financing receivables to borrowers experiencing financial difficulty modified within the previous 12 months and for which there was a payment default

Amortized Cost Basis of Modified Loans That Subsequently Defaulted(1)

Three Months Ended June 30, 2023

Six Months Ended June 30, 2023

(dollars in thousands)

Interest Rate Reduction 

Interest Rate Reduction

Consumer

$

87

$

88

Total

$

87

$

88

(1)The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.
Schedule of aging analyses of loans modified with a borrower experiencing financial difficulty

June 30, 2023

Past Due

Greater Than

or Equal to

30-59 Days

60-89 Days

90 Days

Total

(dollars in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Past Due

 

Current

 

Total

Commercial and industrial

$

$

$

$

$

109

$

109

Commercial real estate

1,229

1,229

Construction

230

230

Residential mortgage

33

33

Consumer

34

33

67

755

822

Total

$

34

$

$

33

$

67

$

2,356

$

2,423

Schedule of Receivables, Troubled Debt Restructurings by Creditors

Three Months Ended

Six Months Ended

June 30, 2022

June 30, 2022

Number of

Recorded

Related

Number of

Recorded

Related

(dollars in thousands)

  

Contracts(1)

  

Investment(2)

  

ACL

  

Contracts(1)

  

Investment(2)

  

ACL

Residential mortgage

1

$

260

$

34

1

$

260

$

34

Consumer

66

514

143

201

2,107

346

Total

67

$

774

$

177

202

$

2,367

$

380

(1)The number of contracts does not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.
(2)The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.

Schedule of TDRs that defaulted in period within 12 months of their permanent modification date

Three Months Ended

Six Months Ended

June 30, 2022

June 30, 2022

 

Number of

Recorded

Number of

Recorded

(dollars in thousands)

  

Contracts(1)

  

Investment(2)

  

Contracts(1)

  

Investment(2)

 

Commercial and industrial

2

$

541

3

$

655

Consumer

151

2,197

229

3,250

Total

153

$

2,738

232

$

3,905

(1)The number of contracts does not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.
(2)The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.