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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 3 Months Ended
Mar. 31, 2020
Financing Receivable, Modifications [Line Items]  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
For the three
Composition of Loan Portfolio, Excluding Residential Loans Held for Sale
The composition of the Company’s loan portfolio, excluding residential loans held for sale, was as follows for the dates indicated:
(In thousands)
 
March 31,
2020
 
December 31,
2019
Residential real estate
 
$
1,064,212

 
$
1,070,374

Commercial real estate
 
1,299,860

 
1,243,397

Commercial
 
444,830

 
421,108

Home equity
 
306,226

 
312,779

Consumer
 
24,377

 
25,772

HPFC
 
18,257

 
21,593

Total loans
 
$
3,157,762

 
$
3,095,023
Schedule of Loan Balances by Portfolio Segment
The loan balances for each portfolio segment presented above are net of their respective unamortized fair value mark discount on acquired loans and net of unamortized loan origination costs for the dates indicated:
(In thousands)
 
March 31,
2020
 
December 31,
2019
Net unamortized fair value mark discount on acquired loans
 
$
(2,346
)
 
$
(2,593
)
Net unamortized loan origination costs
 
3,115

 
3,111

Total
 
$
769

 
$
518
Summary of Activity in Allowance for Loan Losses
following presents the activity in the ALL and select loan information by portfolio segment for the periods indicated:
(In thousands)
 
Residential
Real Estate
 
Commercial
Real Estate
 
Commercial
 
Home
Equity
 
Consumer
 
HPFC
 
Total
At or For The Three Months Ended March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL for the three months ended:
 
 

 
 

 
 

 
 

 
 

 
 
 
 

Beginning balance
 
$
5,842

 
$
12,414

 
$
3,769

 
$
2,423

 
$
507

 
$
216

 
$
25,171

Loans charged off
 
(96
)
 
(50
)
 
(253
)
 
(34
)
 
(57
)
 
—

 
(490
)
Recoveries
 
2

 
4

 
53

 
4

 
5

 
—

 
68

Provision (credit)(1)
 
149

 
1,006

 
545

 
87

 
18

 
(33
)
 
1,772

Ending balance
 
$
5,897

 
$
13,374

 
$
4,114

 
$
2,480

 
$
473

 
$
183

 
$
26,521

ALL balance attributable to loans:
 
 

 
 

 
 

 
 

 
 

 
 
 
 

Individually evaluated for impairment
 
$
324

 
$
34

 
$
—

 
$
89

 
$
—

 
$
—

 
$
447

Collectively evaluated for impairment
 
5,573

 
13,340

 
4,114

 
2,391

 
473

 
183

 
26,074

Total ending ALL
 
$
5,897

 
$
13,374

 
$
4,114

 
$
2,480

 
$
473

 
$
183

 
$
26,521

Loans:
 
 

 
 

 
 

 
 

 
 

 
 
 
 

Individually evaluated for impairment
 
$
3,286

 
$
400

 
$
299

 
$
370

 
$
—

 
$
—

 
$
4,355

Collectively evaluated for impairment
 
1,060,926

 
1,299,460

 
444,531

 
305,856

 
24,377

 
18,257

 
3,153,407

Total ending loans balance
 
$
1,064,212

 
$
1,299,860

 
$
444,830

 
$
306,226

 
$
24,377

 
$
18,257

 
$
3,157,762

At or For The Three Months Ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL for the three months ended:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
6,071

 
$
11,654

 
$
3,620

 
$
2,796

 
$
234

 
$
337

 
$
24,712

Loans charged off
 
(11
)
 
(65
)
 
(236
)
 
(10
)
 
(14
)
 
—

 
(336
)
Recoveries
 
2

 
4

 
62

 
—

 
7

 
—

 
75

Provision (credit)(1)
 
91

 
245

 
170

 
241

 
32

 
(29
)
 
750

Ending balance
 
$
6,153

 
$
11,838

 
$
3,616

 
$
3,027

 
$
259

 
$
308

 
$
25,201

ALL balance attributable to loans:
 
 

 
 

 
 

 
 

 
 

 
 
 
 

Individually evaluated for impairment
 
$
553

 
$
27

 
$
—

 
$
347

 
$
—

 
$
—

 
$
927

Collectively evaluated for impairment
 
5,600

 
11,811

 
3,616

 
2,680

 
259

 
308

 
24,274

Total ending ALL
 
$
6,153

 
$
11,838

 
$
3,616

 
$
3,027

 
$
259

 
$
308

 
$
25,201

Loans:
 
 

 
 

 
 

 
 

 
 

 
 
 
 

Individually evaluated for impairment
 
$
4,736

 
$
410

 
$
223

 
$
895

 
$
—

 
$
—

 
$
6,264

Collectively evaluated for impairment
 
1,012,706

 
1,258,064

 
390,759

 
323,074

 
20,733

 
30,842

 
3,036,178

Total ending loans balance
 
$
1,017,442

 
$
1,258,474

 
$
390,982

 
$
323,969

 
$
20,733

 
$
30,842

 
$
3,042,442

(In thousands)
 
Residential
Real Estate
 
Commercial
Real Estate
 
Commercial
 
Home
Equity
 
Consumer
 
HPFC
 
Total
At or For The Year Ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL:
 
 

 
 

 
 

 
 

 
 

 
 
 
 

Beginning balance
 
$
6,071

 
$
11,654

 
$
3,620

 
$
2,796

 
$
234

 
$
337

 
$
24,712

Loans charged off
 
(462
)
 
(300
)
 
(1,167
)
 
(412
)
 
(301
)
 
(71
)
 
(2,713
)
Recoveries
 
16

 
49

 
225

 
1

 
19

 
—

 
310

Provision (credit)(1)
 
217

 
1,011

 
1,091

 
38

 
555

 
(50
)
 
2,862

Ending balance
 
$
5,842

 
$
12,414

 
$
3,769

 
$
2,423

 
$
507

 
$
216

 
$
25,171

ALL balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
364

 
$
30

 
$
—

 
$
69

 
$
—

 
$
—

 
$
463

Collectively evaluated for impairment
 
5,478

 
12,384

 
3,769

 
2,354

 
507

 
216

 
24,708

Total ending ALL
 
$
5,842

 
$
12,414

 
$
3,769

 
$
2,423

 
$
507

 
$
216

 
$
25,171

Loans:
 
  

 
  

 
  

 
  

 
  

 
 
 
  

Individually evaluated for impairment
 
$
3,384

 
$
402

 
$
319

 
$
373

 
$
—

 
$
—

 
$
4,478

Collectively evaluated for impairment
 
1,066,990

 
1,242,995

 
420,789

 
312,406

 
25,772

 
21,593

 
3,090,545

Total ending loans balance
 
$
1,070,374

 
$
1,243,397

 
$
421,108

 
$
312,779

 
$
25,772

 
$
21,593

 
$
3,095,023

(1)
The provision (credit) for loan losses excludes any impact for the change in the reserve for unfunded commitments, which represents management's estimate of the amount required to reflect the probable inherent losses on outstanding letters of credit and unused lines of credit. The reserve for unfunded commitments is presented within accrued interest and other liabilities on the consolidated statements of condition. At March 31, 2020 and 2019, and December 31, 2019, the reserve for unfunded commitments was $24,000, $16,000 and $21,000, respectively.

The f
Schedule of Provision for Credit Losses
lowing reconciles the provision for loan losses to the provision for credit losses as presented on the consolidated statements of income for the periods indicated:
 
 
Three Months Ended
March 31,
 
Year Ended December 31,
2019
(In thousands)
 
2020
 
2019
 
Provision for loan losses
 
$
1,772

 
$
750

 
$
2,862

Change in reserve for unfunded commitments
 
3

 
(6
)
 
(1
)
Provision for credit losses
 
$
1,775

 
$
744

 
$
2,861


The C
Credit Risk Exposure Indicators by Portfolio Segment
ummarizes credit risk exposure indicators by portfolio segment as of the following dates:
(In thousands)
 
Residential 
Real Estate
 
Commercial 
Real Estate
 
Commercial
 
Home
Equity
 
Consumer
 
HPFC
 
Total
March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass (Grades 1-6)
 
$
1,057,552

 
$
1,254,201

 
$
439,638

 
$
—

 
$
—

 
$
17,410

 
$
2,768,801

Performing
 
—

 
—

 
—

 
304,131

 
24,372

 
—

 
328,503

Special Mention (Grade 7)
 
469

 
31,028

 
1,424

 
—

 
—

 
77

 
32,998

Substandard (Grade 8)
 
6,191

 
14,631

 
3,768

 
—

 
—

 
770

 
25,360

Non-performing
 
—

 
—

 
—

 
2,095

 
5

 
—

 
2,100

Total
 
$
1,064,212

 
$
1,299,860

 
$
444,830

 
$
306,226

 
$
24,377

 
$
18,257

 
$
3,157,762

December 31, 2019
 
 

 
 

 
 

 
 

 
 

 
 
 
 
Pass (Grades 1-6)
 
$
1,062,825

 
$
1,196,683

 
$
415,870

 
$
—

 
$
—

 
$
20,667

 
$
2,696,045

Performing
 
—

 
—

 
—

 
310,653

 
25,748

 
—

 
336,401

Special Mention (Grade 7)
 
473

 
31,753

 
2,544

 
—

 
—

 
89

 
34,859

Substandard (Grade 8)
 
7,076

 
14,961

 
2,694

 
—

 
—

 
837

 
25,568

Non-performing
 
—

 
—

 
—

 
2,126

 
24

 
—

 
2,150

Total
 
$
1,070,374

 
$
1,243,397

 
$
421,108

 
$
312,779

 
$
25,772

 
$
21,593

 
$
3,095,023

 
The Company c
Loan Aging Analysis by Portfolio Segment
s a loan aging analysis by portfolio segment (including loans past due over 90 days and non-accrual loans) and a summary of non-accrual loans, which include TDRs, and loans past due over 90 days and accruing as of the following dates:
(In thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Greater
than
90 Days
 
Total
Past Due
 
Current
 
Total Loans
Outstanding
 
Loans > 90
Days Past
Due and
Accruing
 
Non-Accrual
Loans
March 31, 2020
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential real estate
 
$
1,778

 
$
320

 
$
2,445

 
$
4,543

 
$
1,059,669

 
$
1,064,212

 
$
—

 
$
3,499

Commercial real estate
 
1,207

 
1,460

 
478

 
3,145

 
1,296,715

 
1,299,860

 
—

 
646

Commercial
 
1,315

 
388

 
602

 
2,305

 
442,525

 
444,830

 
—

 
748

Home equity
 
1,140

 
430

 
1,743

 
3,313

 
302,913

 
306,226

 
—

 
2,098

Consumer
 
58

 
31

 
5

 
94

 
24,283

 
24,377

 
—

 
4

HPFC
 
21

 
144

 
252

 
417

 
17,840

 
18,257

 
—

 
322

Total
 
$
5,519

 
$
2,773

 
$
5,525

 
$
13,817

 
$
3,143,945

 
$
3,157,762

 
$
—

 
$
7,317

December 31, 2019
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential real estate
 
$
2,297

 
$
627

 
$
2,598

 
$
5,522

 
$
1,064,852

 
$
1,070,374

 
$
—

 
$
4,096

Commercial real estate
 
267

 
1,720

 
544

 
2,531

 
1,240,866

 
1,243,397

 
—

 
1,122

Commercial
 
548

 
—

 
417

 
965

 
420,143

 
421,108

 
—

 
420

Home equity
 
681

 
238

 
1,459

 
2,378

 
310,401

 
312,779

 
—

 
2,130

Consumer
 
108

 
31

 
23

 
162

 
25,610

 
25,772

 
—

 
24

HPFC
 
—

 
243

 
288

 
531

 
21,062

 
21,593

 
—

 
364

Total
 
$
3,901

 
$
2,859

 
$
5,329

 
$
12,089

 
$
3,082,934

 
$
3,095,023

 
$
—

 
$
8,156

 
Interest inco
Troubled Debt Restructuring and Specific Reserve Related to TDRs
summary of TDRs, by portfolio segment, and the associated specific reserve included within the ALL for the dates indicated:
 
 
Number of Contracts
 
Recorded Investment
 
Specific Reserve
(In thousands, except number of contracts)
 
March 31, 2020
 
December 31, 2019
 
March 31, 2020
 
December 31, 2019
 
March 31, 2020
 
December 31, 2019
Residential real estate
 
21

 
22

 
$
2,692

 
$
2,869

 
$
324

 
$
364

Commercial real estate
 
2

 
2

 
338

 
338

 
34

 
30

Commercial
 
2

 
2

 
118

 
123

 
—

 
—

Consumer and home equity
 
1

 
1

 
299

 
299

 
89

 
69

Total
 
26

 
27

 
$
3,447

 
$
3,629

 
$
447

 
$
463


At March 31, 2020
Summary of Impaired Loan Balances and Associated Allowance by Portfolio Segment
ary of impaired loan balances and the associated allowance by portfolio segment as of and for the periods indicated:
 
 
 
 
 
 
 
 
For the
Three Months Ended
(In thousands)
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
March 31, 2020:
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Residential real estate
 
$
2,220

 
$
2,220

 
$
324

 
$
2,307

 
$
24

Commercial real estate
 
128

 
128

 
34

 
128

 
1

Commercial
 
—

 
—

 
—

 
—

 
—

Home equity
 
318

 
318

 
89

 
318

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

HPFC
 
—

 
—

 
—

 
—

 
—

Ending balance
 
2,666

 
2,666

 
447

 
2,753

 
25

Without an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Residential real estate
 
1,066

 
1,247

 
—

 
1,028

 
3

Commercial real estate
 
272

 
431

 
—

 
273

 
3

Commercial
 
299

 
665

 
—

 
309

 
2

Home equity
 
52

 
190

 
—

 
54

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

HPFC
 
—

 
—

 
—

 
—

 
—

Ending balance
 
1,689

 
2,533

 
—

 
1,664

 
8

Total impaired loans
 
$
4,355

 
$
5,199

 
$
447

 
$
4,417

 
$
33

March 31, 2019:
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Residential real estate
 
$
3,454

 
$
3,454

 
$
553

 
$
3,462

 
$
30

Commercial real estate
 
131

 
131

 
27

 
131

 
1

Commercial
 
—

 
—

 
—

 
278

 
—

Home equity
 
828

 
828

 
347

 
573

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

HPFC
 
—

 
—

 
—

 
—

 
—

Ending Balance
 
4,413

 
4,413

 
927

 
4,444

 
31

Without an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Residential real estate
 
1,282

 
1,406

 
—

 
1,286

 
10

Commercial real estate
 
279

 
455

 
—

 
539

 
3

Commercial
 
223

 
286

 
—

 
226

 
2

Home equity
 
67

 
265

 
—

 
96

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

HPFC
 
—

 
—

 
—

 
—

 
—

Ending Balance
 
1,851

 
2,412

 
—

 
2,147

 
15

Total impaired loans
 
$
6,264

 
$
6,825

 
$
927

 
$
6,591

 
$
46


 
 
 
 
 
 
 
 
For the
Year Ended
(In thousands)
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
December 31, 2019:
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 

 
 

 
 

 
 

Residential real estate
 
$
2,395

 
$
2,395

 
$
364

 
$
2,989

 
$
110

Commercial real estate
 
128

 
128

 
30

 
130

 
11

Commercial
 
—

 
—

 
—

 
292

 
—

Home equity
 
318

 
318

 
69

 
522

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

HPFC
 
—

 
—

 
—

 
—

 
—

Ending Balance
 
2,841

 
2,841

 
463

 
3,933

 
121

Without an allowance recorded:
 
  

 
  

 
  

 
  

 
  

Residential real estate
 
989

 
1,116

 
—

 
1,258

 
21

Commercial real estate
 
274

 
433

 
—

 
381

 
13

Commercial
 
319

 
685

 
—

 
238

 
7

Home equity
 
55

 
192

 
—

 
115

 
—

Consumer
 
—

 
—

 
—

 
1

 
—

HPFC
 
—

 
—

 
—

 
—

 
—

Ending Balance
 
1,637

 
2,426

 
—

 
1,993

 
41

Total impaired loans
 
$
4,478

 
$
5,267

 
$
463

 
$
5,926

 
$
162


Loan Sales:
For the t