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Loans and the Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table sets forth the composition of the Company’s loan portfolio segments, including net deferred fees, as of December 31, 2018 and December 31, 2017:

 

   2018   2017 
   (dollars in thousands) 
Commercial  $988,758   $824,082 
Commercial real estate   2,778,167    2,592,909 
Commercial construction   465,389    483,216 
Residential real estate   309,991    271,795 
Consumer   2,594    2,808 
Gross loans   4,544,899    4,174,810 
Net deferred fees   (3,807)    (3,354) 
Loans receivable  $4,541,092   $4,171,456 
Loans held for sale [Table Text Block]

The following table presents loans held-for-sale by loan segment as of December 31, 2018 and December 31, 2017:

 

   2018   2017 
   (dollars in thousands) 
Commercial  $-   $- 
Commercial real estate   -    24,475 
Residential mortgage loans   -    370 
Total carrying amount  $-   $24,845 
Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]

The carrying amount of those loans is as follows as of December 31, 2018 and December 31, 2017.

 

   2018   2017 
   (dollars in thousands) 
Commercial  $2,509   $2,683 
Loans and Leases Receivable Purchased Loans [Table Text Block]

The accretable yield, or income expected to be collected, on the purchased credit-impaired loans above is as follows as of December 31, 2018 and December 31, 2017.

 

   2018   2017 
   (dollars in thousands) 
Balance at January 1,  $1,387   $2,860 
Accretion of income   (253)    (1,473) 
Balance at December 31,  $1,134   $1,387 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following tables present nonaccrual loans included in loans receivable by loan class as of December 31, 2018 and December 31, 2017:

 

   2018   2017 
   (dollars in thousands) 
Commercial  $29,340   $47,363 
Commercial real estate   15,135    12,757 
Commercial construction   2,934    - 
Residential real estate   4,446    5,493 
Total loans receivable on nonaccrual status  $51,855   $65,613 
Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information about the loan credit quality by loan class of gross loans (which exclude net deferred fees) at December 31, 2018 and 2017:

 

   December 31, 2018 
   Pass   Special
Mention
   Substandard   Doubtful   Total 
   (dollars in thousands) 
Commercial  $951,610   $3,371   $33,777   $-   $988,758 
Commercial real estate   2,742,989    12,574    22,604    -    2,778,167 
Commercial construction   453,598    5,515    6,276    -    465,389 
Residential real estate   305,414    -    4,577    -    309,991 
Consumer   2,576    -    18    -    2,594 
Gross loans  $4,456,187   $21,460   $67,252   $-   $4,544,899 
     
   December 31, 2017 
   Pass   Special
Mention
   Substandard   Doubtful   Total 
   (dollars in thousands) 
Commercial  $767,020   $3,764   $53,298   $-   $824,082 
Commercial real estate   2,534,973    34,335    23,601    -    2,592,909 
Commercial construction   475,066    5,521    2,629    -    483,216 
Residential real estate   266,163    -    5,632    -    271,795 
Consumer   2,767    -    41    -    2,808 
Gross loans  $4,045,989   $43,620   $85,201   $-   $4,174,810 
Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans by class as of and for the years ended at December 31, 2018, 2017 and 2016.

 

   December 31, 2018 
No Related Allowance Recorded  Recorded
Investment
   Unpaid
Principal
Balance
   Related
Allowance
   Average
Recorded
Investment
   Interest
Income
Recognized
 
   (dollars in thousands) 
Commercial  $29,896   $83,596        $31,721   $66 
Commercial real estate   16,839    17,935         17,676    149 
Commercial construction   9,240    9,240         11,215    493 
Residential real estate   2,209    2,521         2,284    - 
Consumer   -    -         -    - 
Total  $58,184   $113,292        $62,896   $708 
                     
With An Allowance Recorded                    
Commercial real estate  $1,488    1,488    7    1,511    46 
Residential real estate   260    266    29    265    - 
Total  $1,748   $1,754    36   $1,776   $46 
                          
Total                         
Commercial  $29,896   $83,596   $-   $31,721   $66 
Commercial real estate   18,327    19,423    7    19,187    195 
Commercial construction   9,240    9,240    -    11,215    493 
Residential real estate   2,469    2,787    29    2,549    - 
Consumer   -    -    -    -    - 
Total (including related allowance)  $59,932   $115,046   $36   $64,672   $754 
                     
   December 31, 2017 
No Related Allowance Recorded  Recorded
Investment
   Unpaid
Principal
Balance
   Related
Allowance
   Average
Recorded
Investment
   Interest
Income
Recognized
 
   (dollars in thousands) 
Commercial  $49,761   $101,066        $10,552   $161 
Commercial real estate   23,905    23,976         24,099    585 
Commercial construction   6,662    6,662         5,509    322 
Residential real estate   3,203    3,442         3,255    - 
Consumer   -    -         -    - 
Total  $83,531   $135,146        $43,415   $1,068 
                          
With An Allowance Recorded                         
Commercial real estate  $1,133   $1,133   $39   $1,152   $51 
                          
Total                         
Commercial  $49,761   $101,066   $-   $10,765   $161 
Commercial real estate   25,038    25,109    39    25,251    636 
Commercial construction   6,662    6,662    -    5,509    322 
Residential real estate   3,203    3,442    -    3,255    - 
Consumer   -    -    -    -    - 
Total (including related allowance)  $84,664   $136,279   $39   $44,567   $1,119 

 

   December 31, 2016 
No Related Allowance Recorded  Recorded
Investment
   Unpaid
Principal
Balance
   Related
Allowance
   Average
Recorded
Investment
   Interest
Income
Recognized
 
   (dollars in thousands) 
Commercial  $3,637   $4,063        $4,052   $64 
Commercial real estate   18,288    18,288         18,532    250 
Commercial construction   5,909    5,909         5,308    79 
Residential real estate   1,851    2,055         1,908    19 
Consumer   62    62         72    4 
Total  $29,747   $30,377        $29,872   $416 
                          
With An Allowance Recorded                         
Commercial real estate  $1,244   $1,244   $145   $1,274   $- 
                          
Total
                         
Commercial  $3,637   $4,063   $-   $4,052   $64 
Commercial real estate   19,532    19,532    145    19,806    250 
Commercial construction   5,909    5,909    -    5,308    79 
Residential real estate   1,851    2,055    -    1,908    19 
Consumer   62    62    -    72    4 
Total (including related allowance)  $30,991   $31,621   $145   $31,146   $416 
Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of the loans by class, excluding net deferred fees, that are past due at December 31, 2018 and December 31, 2017 (dollars in thousands):

 

   December 31, 2018 
     
   30-59 Days
Past Due
   60-89 Days
Past Due
   90 Days or Greater Past Due and Still Accruing   Nonaccrual   Total Past Due and Nonaccrual   Current   Total Loans Receivable 
Commercial  $1,673   $-   $1,647   $29,340   $32,660   $956,098   $988,758 
Commercial real estate   6,162    1,840    -    15,135    23,137    2,755,030    2,778,167 
Commercial construction   2,496    564    -    2,934    5,994    459,395    465,389 
Residential real estate   3,455    119    -    4,446    8,020    301,971    309,991 
Consumer   -    -    -    -    -    2,594    2,594 
Total  $13,786   $2,523   $1,647   $51,855   $69,811   $4,475,088   $4,544,899 

 

The amount reported 90 days or greater past due and still accruing as of December 31, 2018 are comprised of PCI loans, net of their fair value marks, which are accreting income per their valuation at date of acquisition. There were no non-PCI loans 90 days or greater past due and still accruing as of December 31, 2018.

 

   December 31, 2017 
     
   30-59 Days
Past Due
   60-89 Days
Past Due
   90 Days or Greater Past Due and Still Accruing   Nonaccrual   Total Past Due and Nonaccrual   Current   Total Loans Receivable 
Commercial   $1,708   $183   $1,664   $47,363   $50,918   $773,164   $824,082 
Commercial real estate   545    1,475    -    12,757    14,777    2,578,132    2,592,909 
Commercial construction   -    -    -    -    -    483,216    483,216 
Residential real estate   1,578    -    -    5,493    7,071    264,724    271,795 
Consumer   18    -    -    -    18    2,790    2,808 
Total  $3,849   $1,658   $1,664   $65,613   $72,784   $4,102,026   $4,174,810 
Schedule of Recorded Investment in Financing Receivables [Table Text Block]

The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan losses that are allocated to each loan portfolio segment:

 

   December 31, 2018 
   Commercial   Commercial real estate   Commercial construction   Residential real estate   Consumer   Unallocated   Total 
   (dollars in thousands) 
Allowance for loan losses                                   
Individually evaluated for impairment  $-   $7   $-   $29   $-   $-   $36 
Collectively evaluated for impairment   9,675    17,840    4,519    1,237    2    445    33,718 
Acquired portfolio   200    1,000    -    -    -    -    1,200 
Acquired with deteriorated credit quality   -    -    -    -    -    -    - 
Total  $9,875   $18,847   $4,519   $1,266   $2   $445   $34,954 
                                    
Gross loans                                   
Individually evaluated for impairment  $29,896   $18,327   $9,240   $2,469   $-        $59,932 
Collectively evaluated for impairment   949,129    2,500,132    456,149    263,449    2,484         4,171,343 
Acquired portfolio   7,224    259,708    -    44,073    110         311,115 
Acquired with deteriorated credit quality   2,509    -    -    -    -         2,509 
Total  $988,758   $2,778,167   $465,389   $309,991   $2,594        $4,544,899 
                             
   December 31, 2017 
   Commercial   Commercial real estate   Commercial construction   Residential real estate   Consumer   Unallocated   Total 
   (dollars in thousands) 
Allowance for loan losses                                   
Individually evaluated for impairment  $-   $39   $-   $-   $-   $-   $39 
Collectively evaluated for impairment   8,032    15,472    4,747    1,051    2    605    29,909 
Acquired portfolio   200    1,600    -    -    -    -    1,800 
Acquired with deteriorated credit quality   -    -    -    -    -    -    - 
Total  $8,232   $17,111   $4,747   $1,051   $2   $605   $31,748 
                                    
Gross loans                                   
Individually evaluated for impairment  $49,761   $25,038   $6,662   $3,203   $-        $84,664 
Collectively evaluated for impairment   757,923    2,190,686    476,554    212,350    2,338         3,639,851 
Acquired portfolio   13,715    377,185    -    56,242    470         447,612 
Acquired with deteriorated credit quality   2,683    -    -    -    -         2,683 
Total  $824,082   $2,592,909   $483,216   $271,795   $2,808        $4,174,810 
Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the activity in the allowance for loan losses by loan segment is as follows:

 

   Commercial   Commercial
real estate
   Commercial
construction
   Residential
real estate
   Consumer   Unallocated   Total 
   (dollars in thousands) 
Balance at January 1, 2018  $8,233   $17,112   $4,747   $1,050   $1   $605   $31,748 
Loan charge-offs   (17,066)    (915)    -    (23)    (7)    -    (18,011) 
Recoveries   109    -    -    2    6    -    117 
Provision for loan losses   18,599    2,650    (228)    237    2    (160)    21,100 
Balance at December 31, 2018  $9,875   $18,847   $4,519   $1,266   $2   $445   $34,954 

 

   Commercial   Commercial
real estate
   Commercial
construction
   Residential
real estate
   Consumer   Unallocated   Total 
   (dollars in thousands) 
Balance at January 1, 2017  $6,632   $12,583   $4,789   $958   $3   $779   $25,744 
Loan charge-offs   (70)    (155)    -    -    (14)    -    (239) 
Recoveries   178    51    -    12    2    -    243 
Provision for loan losses   1,493    4,633    (42)    80    10    (174)    6,000 
Balance at December 31, 2017  $8,233   $17,112   $4,747   $1,050   $1   $605   $31,748 

 

   Commercial   Commercial
real estate
   Commercial
construction
   Residential
real estate
   Consumer   Unallocated   Total 
   (dollars in thousands) 
Balance at January 1, 2016  $10,949   $10,926   $3,253   $976   $4   $464   $26,572 
Loan charge-offs   (39,343)    (107)    -    (94)    (29)    -    (39,573) 
Recoveries   4    35    -    3    3    -    45 
Provision for loan losses   35,022    1,729    1,536    73    25    315    38,700 
Balance at December 31, 2016  $6,632   $12,583   $4,789   $958   $3   $779   $25,744 
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]

The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2018:

 

   Number of
Loans
   Pre-Modification
Outstanding
Recorded
Investment
   Post-Modification
Outstanding
Recorded
Investment
 
   (dollars in thousands)
TDRs   
Commercial   32   $16,017   $16,017 
Commercial real estate   3    1,422    1,422 
Commercial construction   3    4,773    4,773 
Residential real estate   2    454    454 
                
Total   40   $22,666   $22,666 

 

The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2017:

 

   Number of
Loans
   Pre-Modification
Outstanding
Recorded
Investment
   Post-Modification
Outstanding
Recorded
Investment
 
   (dollars in thousands) 
TDRs               
Commercial   1   $692   $692 
Commercial real estate   2    3,007    3,007 
Commercial construction   2    6,662    6,662 
Residential real estate   1    17    17 
Consumer   -    -    - 
                
Total   6   $10,378   $10,378 

 

The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2016:

 

   Number of
Loans
   Pre-Modification
Outstanding
Recorded
Investment
   Post-Modification
Outstanding
Recorded
Investment
 
   (dollars in thousands) 
TDRs               
Commercial   19   $22,420   $22,420 
Commercial real estate   3    2,155    2,155 
Commercial construction   1    1,750    1,750 
Residential real estate   -    -    - 
Consumer   -    -    - 
                
Total   23   $26,325   $26,325