XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Allowance for Loan Losses and Credit Quality of Loans (Tables)
 6 Months Ended
Jun. 30, 2016
Allowance for Loan Losses and Credit Quality of Loans [Abstract]  
Portfolio and Class Segments
The following table illustrates the portfolio and class segments for the Company’s loan portfolio:
  
Portfolio
Class
Commercial Loans
Commercial
 
Commercial Real Estate
 
Agricultural
 
Agricultural Real Estate
 
Business Banking
Consumer Loans
Indirect
 
Home Equity
 
Direct
Residential Real Estate Mortgages
 
Allowance for Loan Losses by Portfolio
The following tables illustrate the changes in the allowance for loan losses by our portfolio segments for the three and six months ended June 30, 2016 and 2015:
 
Three months ended June 30,
 
Commercial Loans
  
Consumer Loans
  
Residential Real Estate Mortgages
  
Unallocated
  
Total
 
Balance as of March 31, 2016
 
$
25,299
  
$
31,035
  
$
7,984
  
$
-
  
$
64,318
 
Charge-offs
  
(649
)
  
(4,950
)
  
(268
)
  
-
   
(5,867
)
Recoveries
  
339
   
907
   
91
   
-
   
1,337
 
Provision
  
233
   
4,479
   
68
   
-
   
4,780
 
Ending Balance as of June 30, 2016
 
$
25,222
  
$
31,471
  
$
7,875
  
$
-
  
$
64,568
 
 
                    
Balance as of March 31, 2015
 
$
31,278
  
$
26,156
  
$
7,698
  
$
227
  
$
65,359
 
Charge-offs
  
(584
)
  
(4,275
)
  
(509
)
  
-
   
(5,368
)
Recoveries
  
280
   
697
   
93
   
-
   
1,070
 
Provision
  
(2,648
)
  
5,736
   
999
   
(189
)
  
3,898
 
Ending Balance as of June 30, 2015
 
$
28,326
  
$
28,314
  
$
8,281
  
$
38
  
$
64,959
 
 
Six months ended June 30,
 
Commercial Loans
  
Consumer Loans
  
Residential Real Estate Mortgages
  
Unallocated
  
Total
 
Balance as of December 31, 2015
 
$
25,545
  
$
29,253
  
$
7,960
  
$
260
  
$
63,018
 
Charge-offs
  
(1,086
)
  
(10,363
)
  
(977
)
  
-
   
(12,426
)
Recoveries
  
1,104
   
1,881
   
113
   
-
   
3,098
 
Provision
  
(341
)
  
10,700
   
779
   
(260
)
  
10,878
 
Ending Balance as of June 30, 2016
 
$
25,222
  
$
31,471
  
$
7,875
  
$
-
  
$
64,568
 
 
                    
Balance as of December 31, 2014
 
$
32,433
  
$
26,720
  
$
7,130
  
$
76
  
$
66,359
 
Charge-offs
  
(1,382
)
  
(8,653
)
  
(1,013
)
  
-
   
(11,048
)
Recoveries
  
514
   
1,445
   
149
   
-
   
2,108
 
Provision
  
(3,239
)
  
8,802
   
2,015
   
(38
)
  
7,540
 
Ending Balance as of June 30, 2015
 
$
28,326
  
$
28,314
  
$
8,281
  
$
38
  
$
64,959
 

The following tables illustrate the allowance for loan losses and the recorded investment by portfolio segments as of June 30, 2016 and December 31, 2015:
 
Allowance for Loan Losses and Recorded Investment in Loans
(in thousands)
 
 
 
Commercial Loans
  
Consumer Loans
  
Residential Real Estate Mortgages
  
Unallocated
  
Total
 
As of June 30, 2016
               
Allowance for loan losses
 
$
25,222
  
$
31,471
  
$
7,875
  
$
-
  
$
64,568
 
 
                    
Allowance for loans individually evaluated for impairment
  
3,215
   
-
   
-
   -   
3,215
 
 
                    
Allowance for loans collectively evaluated for impairment
 
$
22,007
  
$
31,471
  
$
7,875
  
$
-
  
$
61,353
 
 
                    
Ending balance of loans
 
$
2,673,691
  
$
2,146,314
  
$
1,219,388
      
$
6,039,393
 
 
                    
Ending balance of originated loans individually evaluated for impairment
  
20,034
   
8,190
   
6,174
       
34,398
 
Ending balance of acquired loans individually evaluated for impairment
  
1,205
   
-
   
-
       
1,205
 
Ending balance of acquired loans collectively evaluated for impairment
  
268,814
   
77,387
   
214,668
       
560,869
 
Ending balance of originated loans collectively evaluated for impairment
 
$
2,383,638
  
$
2,060,737
  
$
998,546
      
$
5,442,921
 
 
                    
As of December 31, 2015
                    
Allowance for loan losses
 
$
25,545
  
$
29,253
  
$
7,960
  
$
260
  
$
63,018
 
 
                    
Allowance for loans individually evaluated for impairment
  
2,005
   
-
   
-
   -   
2,005
 
 
                    
Allowance for loans collectively evaluated for impairment
 
$
23,540
  
$
29,253
  
$
7,960
  
$
260
  
$
61,013
 
 
                    
Ending balance of loans
 
$
2,589,707
  
$
2,096,646
  
$
1,196,780
      
$
5,883,133
 
 
                    
Ending balance of originated loans individually evaluated for impairment
  
12,253
   
7,693
   
6,017
       
25,963
 
Ending balance of acquired loans individually evaluated for impairment
  
1,205
   
-
   
-
       
1,205
 
Ending balance of acquired loans collectively evaluated for impairment
  
284,524
   
95,427
   
230,358
       
610,309
 
Ending balance of originated loans collectively evaluated for impairment
 
$
2,291,725
  
$
1,993,526
  
$
960,405
      
$
5,245,656
 
Past Due and Nonperforming Loans by Loan Class
The following tables set forth information with regard to past due and nonperforming loans by loan class as of June 30, 2016 and December 31, 2015:
 
Age Analysis of Past Due Financing Receivables
As of June 30, 2016
(in thousands)
 
  
31-60 Days Past Due Accruing
  
61-90 Days Past Due Accruing
  
Greater Than 90 Days Past Due Accruing
  
Total Past Due Accruing
  
Nonaccrual
  
Current
  
Recorded Total Loans
 
ORIGINATED
                     
Commercial Loans
                     
Commercial
 
$
663
  
$
85
  
$
-
  
$
748
  
$
3,362
  
$
656,219
  
$
660,329
 
Commercial Real Estate
  
1,576
   
-
   
-
   
1,576
   
13,078
   
1,254,984
   
1,269,638
 
Agricultural
  
86
   
-
   
-
   
86
   
669
   
35,007
   
35,762
 
Agricultural Real Estate
  
-
   
-
   
-
   
-
   
470
   
29,909
   
30,379
 
Business Banking
  
2,234
   
461
   
-
   
2,695
   
3,723
   
401,146
   
407,564
 
 
  
4,559
   
546
   
-
   
5,105
   
21,302
   
2,377,265
   
2,403,672
 
 
                            
Consumer Loans
                            
Indirect
  
14,096
   
3,542
   
1,398
   
19,036
   
1,499
   
1,528,126
   
1,548,661
 
Home Equity
  
3,499
   
740
   
154
   
4,393
   
3,241
   
451,357
   
458,991
 
Direct
  
450
   
88
   
20
   
558
   
46
   
60,671
   
61,275
 
 
  
18,045
   
4,370
   
1,572
   
23,987
   
4,786
   
2,040,154
   
2,068,927
 
Residential Real Estate Mortgages
  
2,695
   
1,516
   
27
   
4,238
   
6,451
   
994,031
   
1,004,720
 
 
 
$
25,299
  
$
6,432
  
$
1,599
  
$
33,330
  
$
32,539
  
$
5,411,450
  
$
5,477,319
 
 
                            
ACQUIRED
                            
Commercial Loans
                            
Commercial
 
$
-
  
$
72
  
$
-
  
$
72
  
$
-
  
$
62,882
  
$
62,954
 
Commercial Real Estate
  
443
   
-
   
-
   
443
   
1,313
   
160,176
   
161,932
 
Business Banking
  
420
   
389
   
-
   
809
   
406
   
43,918
   
45,133
 
 
  
863
   
461
   
-
   
1,324
   
1,719
   
266,976
   
270,019
 
 
                            
Consumer Loans
                            
Indirect
  
105
   
8
   
13
   
126
   
68
   
16,407
   
16,601
 
Home Equity
  
368
   
-
   
-
   
368
   
440
   
56,679
   
57,487
 
Direct
  
25
   
21
   
1
   
47
   
23
   
3,229
   
3,299
 
 
  
498
   
29
   
14
   
541
   
531
   
76,315
   
77,387
 
Residential Real Estate Mortgages
  
673
   
642
   
-
   
1,315
   
2,608
   
210,745
   
214,668
 
  
$
2,034
  
$
1,132
  
$
14
  
$
3,180
  
$
4,858
  
$
554,036
  
$
562,074
 
  Total Loans
 
$
27,333
  
$
7,564
  
$
1,613
  
$
36,510
  
$
37,397
  
$
5,965,486
  
$
6,039,393
 
 
Age Analysis of Past Due Financing Receivables
As of December 31, 2015
(in thousands)
 
  
31-60 Days Past Due Accruing
  
61-90 Days Past Due Accruing
  
Greater Than 90 Days Past Due Accruing
  
Total Past Due Accruing
  
Nonaccrual
  
Current
  
Recorded Total Loans
 
ORIGINATED
                     
Commercial Loans
                     
Commercial
 
$
782
  
$
23
  
$
-
  
$
805
  
$
2,817
  
$
640,696
  
$
644,318
 
Commercial Real Estate
  
39
   
32
   
-
   
71
   
5,546
   
1,189,280
   
1,194,897
 
Agricultural
  
94
   
-
   
-
   
94
   
897
   
33,633
   
34,624
 
Agricultural Real Estate
  
-
   
-
   
-
   
-
   
1,046
   
28,172
   
29,218
 
Business Banking
  
912
   
394
   
-
   
1,306
   
4,247
   
395,368
   
400,921
 
 
  
1,827
   
449
   
-
   
2,276
   
14,553
   
2,287,149
   
2,303,978
 
 
                            
Consumer Loans
                            
Indirect
  
15,731
   
2,963
   
2,271
   
20,965
   
1,786
   
1,454,499
   
1,477,250
 
Home Equity
  
3,396
   
1,671
   
340
   
5,407
   
4,835
   
454,473
   
464,715
 
Direct
  
425
   
201
   
28
   
654
   
49
   
58,551
   
59,254
 
 
  
19,552
   
4,835
   
2,639
   
27,026
   
6,670
   
1,967,523
   
2,001,219
 
Residential Real Estate Mortgages
  
3,301
   
365
   
696
   
4,362
   
7,713
   
954,347
   
966,422
 
 
 
$
24,680
  
$
5,649
  
$
3,335
  
$
33,664
  
$
28,936
  
$
5,209,019
  
$
5,271,619
 
                             
 
                            
ACQUIRED
                            
Commercial Loans
                            
Commercial
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
68,991
  
$
68,991
 
Commercial Real Estate
  
-
   
-
   
-
   
-
   
1,313
   
165,630
   
166,943
 
Business Banking
  
288
   
-
   
-
   
288
   
307
   
49,200
   
49,795
 
 
  
288
   
-
   
-
   
288
   
1,620
   
283,821
   
285,729
 
 
                            
Consumer Loans
                            
Indirect
  
143
   
11
   
1
   
155
   
104
   
27,516
   
27,775
 
Home Equity
  
327
   
132
   
-
   
459
   
457
   
62,811
   
63,727
 
Direct
  
76
   
20
   
-
   
96
   
43
   
3,786
   
3,925
 
   
546
   
163
   
1
   
710
   
604
   
94,113
   
95,427
 
Residential Real Estate Mortgages
  
1,443
   
293
   
326
   
2,062
   
2,584
   
225,712
   
230,358
 
 
 
$
2,277
  
$
456
  
$
327
  
$
3,060
  
$
4,808
  
$
603,646
  
$
611,514
 
Total Loans
 
$
26,957
  
$
6,105
  
$
3,662
  
$
36,724
  
$
33,744
  
$
5,812,665
  
$
5,883,133
 
Impaired Loans and Specific Reserve Allocations
The following table provides information on loans specifically evaluated for impairment as of June 30, 2016 and December 31, 2015:
 
 
June 30, 2016
December 31, 2015
(in thousands)
Recorded
Investment
Balance(Book)
UnpaidPrincipalBalance(Legal)
RelatedAllowance
RecordedInvestmentBalance(Book)
UnpaidPrincipalBalance(Legal)
RelatedAllowance
ORIGINATED
With no related allowance recorded:
Commercial Loans
Commercial
$
2,194
$
2,444
$
2,244
$
2,490
Commercial Real Estate
7,836
7,905
3,165
3,175
Agricultural
18
24
576
1,164
Agricultural Real Estate
608
733
618
744
Business Banking
965
1,027
983
1,033
Total Commercial Loans
11,621
12,133
7,586
8,606
 
Consumer Loans
Indirect
8
19
12
21
Home Equity
8,182
9,121
7,681
8,574
Direct
-
1
-
-
Total Consumer Loans
8,190
9,141
7,693
8,595
 
Residential Real Estate Mortgages
6,174
6,893
6,017
6,627
Total
25,985
28,167
21,296
23,828
 
With an allowance recorded:
Commercial Loans
Commercial
1,022
1,022
$
495
457
457
$
300
Commercial Real Estate
7,391
9,239
1,890
4,210
6,059
970
Total Commercial Loans
8,413
10,261
2,385
4,667
6,516
1,270
ACQUIRED
With an allowance recorded:
Commercial Loans
Commercial Real Estate
1,205
1,321
830
1,205
1,321
735
Total Commercial Loans
1,205
1,321
830
1,205
1,321
735
Total:
$
35,603
$
39,749
$
3,215
$
27,168
$
31,665
$
2,005
 
 
The following tables summarize the average recorded investments on impaired loans specifically evaluated for impairment and the interest income recognized for the three and six months ended June 30, 2016 and 2015:
 
 
 
For the three months ended
 
 
 
June 30, 2016
  
June 30, 2015
 
(in thousands)
 
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
 
ORIGINATED
            
Commercial Loans
            
Commercial
 
$
3,126
  
$
-
 
 
$
1,768
  
$
61
 
Commercial Real Estate
  
15,278
   
-
 
  
9,060
   
41
 
Agricultural
  
18
   
-
   
19
   
-
 
Agricultural Real Estate
  
610
   
11
   
630
   
12
 
Business Banking
  
969
   
6
   
975
   
2
 
Consumer Loans
                
Indirect
  
9
   
-
   
16
   
-
 
Home Equity
  
8,223
   
120
   
6,692
   
92
 
Direct
  
-
   
-
   
1
   
-
 
Residential Real Estate Mortgage
  
6,203
   
67
   
4,636
   
33
 
Total Originated
 
$
34,436
  
$
204
  
$
23,797
  
$
241
 
 
                
ACQUIRED
                
Commercial Loans
                
Commercial
  
-
   
-
   
2,602
   
-
 
Commercial Real Estate
  
1,205
   
-
   
7,205
   
-
 
Total Acquired
 
$
1,205
  
$
-
  
$
9,807
  
$
-
 
Total Loans
 
$
35,641
  
$
204
  
$
33,604
  
$
241
 

 
 
For the six months ended
 
 
 
June 30, 2016
  
June 30, 2015
 
(in thousands)
 
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
 
ORIGINATED
            
Commercial Loans
            
Commercial
 
$
2,972
  
$
-
  
$
1,742
  
$
86
 
Commercial Real Estate
  
14,264
   
74
   
9,091
   
82
 
Agricultural
  
98
   
1
   
19
   
1
 
Agricultural Real Estate
  
613
   
22
   
633
   
23
 
Business Banking
  
973
   
12
   
932
   
6
 
Consumer Loans
                
Indirect
  
10
   
-
   
11
   
-
 
Home Equity
  
8,093
   
241
   
6,560
   
164
 
    Direct
  
-
   
-
   
1
   
-
 
Residential Real Estate Mortgage
  
6,154
   
134
   
4,476
   
63
 
Total Originated
 
$
33,177
  
$
484
  
$
23,465
  
$
425
 
                 
ACQUIRED
                
Commercial Loans
                
Commercial
  
-
   
-
   
2,722
   
-
 
Commercial Real Estate
  
1,205
   
-
   
7,176
   
-
 
Total Acquired
 
$
1,205
  
$
-
  
$
9,898
  
$
-
 
Total Loans
 
$
34,382
  
$
484
  
$
33,363
  
$
425
 
Financing Receivable Credit Quality by Loan Class
The following tables illustrate the Company’s credit quality by loan class as of June 30, 2016 and December 31, 2015:
 
Credit Quality Indicators
As of June 30, 2016
 
ORIGINATED
               
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real
Estate
  
Agricultural
  
Agricultural Real
Estate
  
Total
 
Pass
 
$
610,816
  
$
1,219,723
  
$
35,365
  
$
29,448
  
$
1,895,352
 
Special Mention
  
17,774
   
13,035
   
1
   
5
   
30,815
 
Substandard
  
31,739
   
36,880
   
388
   
926
   
69,933
 
Doubtful
  
-
   
-
   
8
   
-
   
8
 
Total
 
$
660,329
  
$
1,269,638
  
$
35,762
  
$
30,379
  
$
1,996,108
 
 
                    
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
              
Total
 
Non-classified
 
$
393,805
              
$
393,805
 
Classified
  
13,759
               
13,759
 
Total
 
$
407,564
              
$
407,564
 
 
                    
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
      
Total
 
Performing
 
$
1,545,764
  
$
455,596
  
$
61,209
      
$
2,062,569
 
Nonperforming
  
2,897
   
3,395
   
66
       
6,358
 
Total
 
$
1,548,661
  
$
458,991
  
$
61,275
      
$
2,068,927
 
 
                    
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
              
Total
 
Performing
 
$
998,242
              
$
998,242
 
Nonperforming
  
6,478
               
6,478
 
Total
 
$
1,004,720
              
$
1,004,720
 
 
Credit Quality Indicators
As of June 30, 2016
 
ACQUIRED
            
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
     
Total
 
Pass
 
$
59,681
  
$
150,076
     
$
209,757
 
Special Mention
  
1,447
   
1,799
      
3,246
 
Substandard
  
1,826
   
10,057
      
11,883
 
Total
 
$
62,954
  
$
161,932
     
$
224,886
 
 
               
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
         
Total
 
Non-classified
 
$
41,739
         
$
41,739
 
Classified
  
3,394
          
3,394
 
Total
 
$
45,133
         
$
45,133
 
 
               
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
  
Total
 
Performing
 
$
16,520
  
$
57,047
  
$
3,275
  
$
76,842
 
Nonperforming
  
81
   
440
   
24
   
545
 
Total
 
$
16,601
  
$
57,487
  
$
3,299
  
$
77,387
 
 
                
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
          
Total
 
Performing
 
$
212,060
          
$
212,060
 
Nonperforming
  
2,608
           
2,608
 
Total
 
$
214,668
          
$
214,668
 
 
Credit Quality Indicators
As of December 31, 2015
 
ORIGINATED
              
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
  
Agricultural
 
Agricultural Real Estate
  
Total
 
Pass
 
$
604,405
  
$
1,144,832
  
$
33,565
 
$
27,320
  
$
1,810,122
 
Special Mention
  
9,726
   
21,587
   
311
  
429
   
32,053
 
Substandard
  
30,187
   
28,478
   
740
  
1,469
   
60,874
 
Doubtful
  
-
   
-
   
8
  
-
   
8
 
Total
 
$
644,318
  
$
1,194,897
  
$
34,624
 
$
29,218
  
$
1,903,057
 
 
                   
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
             
Total
 
Non-classified
 
$
386,397
             
$
386,397
 
Classified
  
14,524
              
14,524
 
Total
 
$
400,921
             
$
400,921
 
Total
                   
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
     
Total
 
Performing
 
$
1,473,193
  
$
459,540
  
$
59,177
     
$
1,991,910
 
Nonperforming
  
4,057
   
5,175
   
77
      
9,309
 
Total
 
$
1,477,250
  
$
464,715
  
$
59,254
     
$
2,001,219
 
 
                   
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
             
Total
 
Performing
 
$
958,013
             
$
958,013
 
Nonperforming
  
8,409
              
8,409
 
Total
 
$
966,422
             
$
966,422
 
 
Credit Quality Indicators
As of December 31, 2015
 
ACQUIRED
            
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
     
Total
 
Pass
 
$
67,241
  
$
154,871
     
$
222,112
 
Special Mention
  
802
   
2,174
      
2,976
 
Substandard
  
948
   
9,898
      
10,846
 
Total
 
$
68,991
  
$
166,943
     
$
235,934
 
 
               
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
         
Total
 
Non-classified
 
$
46,032
         
$
46,032
 
Classified
  
3,763
          
3,763
 
Total
 
$
49,795
         
$
49,795
 
 
               
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
  
Total
 
Performing
 
$
27,670
  
$
63,270
  
$
3,882
  
$
94,822
 
Nonperforming
  
105
   
457
   
43
   
605
 
Total
 
$
27,775
  
$
63,727
  
$
3,925
  
$
95,427
 
 
                
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
          
Total
 
Performing
 
$
227,448
          
$
227,448
 
Nonperforming
  
2,910
           
2,910
 
Total
 
$
230,358
          
$
230,358
 
Troubled Debt Restructurings on Financing Receivables
The following tables illustrate the recorded investment and number of modifications for modified loans, including the recorded investment in the loans prior to a modification and the recorded investment in the loans after restructuring for the three and six months ended June 30, 2016 and 2015:
 
 
 
Three months ended June 30, 2016
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Consumer
         
Home Equity
  
2
  
$
74
  
$
73
 
Total Consumer
  
2
   
74
   
73
 
 
            
Residential Real Estate
  
2
   
152
   
151
 
 
            
Total Troubled Debt Restructurings
  
4
  
$
226
  
$
224
 
 
 
 
Three months ended June 30, 2015
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial
         
Commercial
  
1
  
$
1,165
  
$
1,165
 
Business Banking
  
1
   
190
   
176
 
Total Commercial
  
2
   
1,355
   
1,341
 
             
Consumer
            
Home Equity
  
12
   
1,071
   
1,128
 
Total Consumer
  
12
   
1,071
   
1,128
 
 
            
Residential Real Estate
  
6
   
370
   
770
 
 
            
Total Troubled Debt Restructurings
  
20
  
$
2,796
  
$
3,239
 
 
  
Six months ended June 30, 2016
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Consumer
         
Home Equity
  
14
  
$
1,109
  
$
1,017
 
Total Consumer
  
14
   
1,109
   
1,017
 
 
            
Residential Real Estate
  
6
   
683
   
578
 
 
            
Total Troubled Debt Restructurings
  
20
  
$
1,792
  
$
1,595
 

  
Six months ended June 30, 2015
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial
         
Commercial
  
1
  
$
1,165
  
$
1,165
 
Business Banking
  
1
   
190
   
176
 
Total Commercial
  
2
   
1,355
   
1,341
 
 
            
Consumer
            
Home Equity
  
31
   
2,218
   
2,236
 
Total Consumer
  
31
   
2,218
   
2,236
 
 
            
Residential Real Estate
  
15
   
1,072
   
1,522
 
 
            
Total Troubled Debt Restructurings
  
48
  
$
4,645
  
$
5,099
 

There were no defaults on TDRs for the three months ended June 30, 2016 and 2015. The following table illustrates the recorded investment and number of modifications for TDRs within the six months ended June 30, 2016 and 2015 where a concession has been made and subsequently defaulted during the period:
 
  
Six months ended June 30, 2016
  
Six months ended June 30, 2015
 
  
 
Number of contracts
  
Recorded Investment
  
Number of contracts
  
Recorded Investment
 
Consumer
            
Home Equity
  
-
  
$
-
   
4
  
$
233
 
 
                
Residential Real Estate
  
1
   
175
   
-
   
-
 
 
                
Total Troubled Debt Restructurings
  
1
  
$
175
   
4
  
$
233