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Allowance for Loan Losses and Credit Quality of Loans (Tables)
 12 Months Ended
Dec. 31, 2018
Allowance for Loan Losses and Credit Quality of Loans [Abstract]  
Portfolio and Class Segments

Portfolio
Class - 2018
Class - 2017 & 2016
 Commercial Loans
Commercial and Industrial
Commercial
 
Commercial Real Estate
Commercial Real Estate
 
Business Banking
Agricultural
 
 
Agricultural Real Estate
 
 
Business Banking
 Consumer Loans
Dealer Finance
Indirect
 
Specialty Lending
Home Equity
 
Direct
Direct
 Residential Real Estate
Allowance for Loan Losses by Portfolio
The following table illustrates the changes in the allowance for loan losses by portfolio segment: 

(In thousands)
 
Commercial
Loans
  
Consumer
Loans
  
Residential
Real Estate
  
Unallocated
  
Total
 
Balance as of December 31, 2017
 
$
27,606
  
$
36,830
  
$
5,064
  
$
-
  
$
69,500
 
Charge-offs
  
(3,463
)
  
(29,752
)
  
(913
)
  
-
   
(34,128
)
Recoveries
  
1,178
   
6,821
   
306
   
-
   
8,305
 
Provision
  
7,438
   
23,279
   
(1,889
)
  
-
   
28,828
 
Ending Balance as of December 31, 2018
 
$
32,759
  
$
37,178
  
$
2,568
  
$
-
  
$
72,505
 
 
                    
Balance as of December 31, 2016
 
$
25,444
  
$
33,375
  
$
6,381
  
$
-
  
$
65,200
 
Charge-offs
  
(4,169
)
  
(27,072
)
  
(1,846
)
  
-
   
(33,087
)
Recoveries
  
1,077
   
5,142
   
180
   
-
   
6,399
 
Provision
  
5,254
   
25,385
   
349
   
-
   
30,988
 
Ending Balance as of December 31, 2017
 
$
27,606
  
$
36,830
  
$
5,064
  
$
-
  
$
69,500
 
 
                    
Balance as of December 31, 2015
 
$
25,545
  
$
29,253
  
$
7,960
  
$
260
  
$
63,018
 
Charge-offs
  
(4,592
)
  
(23,364
)
  
(1,343
)
  
-
   
(29,299
)
Recoveries
  
1,887
   
3,870
   
293
   
-
   
6,050
 
Provision
  
2,604
   
23,616
   
(529
)
  
(260
)
  
25,431
 
Ending Balance as of December 31, 2016
 
$
25,444
  
$
33,375
  
$
6,381
  
$
-
  
$
65,200
 

The following table illustrates the allowance for loan losses and the recorded investment by portfolio segment: 

 (In thousands)
 
Commercial
Loans
  
Consumer
Loans
  
Residential
Real Estate
  
Total
 
As of December 31, 2018
            
Allowance for loan losses
 
$
32,759
  
$
37,178
  
$
2,568
  
$
72,505
 
Allowance for loans individually evaluated for impairment
  
25
   
-
   
-
   
25
 
Allowance for loans collectively evaluated for impairment
 
$
32,734
  
$
37,178
  
$
2,568
  
$
72,480
 
Ending balance of loans
 
$
3,222,310
  
$
2,284,563
  
$
1,380,836
  
$
6,887,709
 
Ending balance of originated loans individually evaluated for impairment
  
5,786
   
7,887
   
6,905
   
20,578
 
Ending balance of acquired loans collectively evaluated for impairment
  
143,690
   
31,624
   
147,277
   
322,591
 
Ending balance of originated loans collectively evaluated for impairment
 
$
3,072,834
  
$
2,245,052
  
$
1,226,654
  
$
6,544,540
 
 
                
As of December 31, 2017
                
Allowance for loan losses
 
$
27,606
  
$
36,830
  
$
5,064
  
$
69,500
 
Allowance for loans individually evaluated for impairment
  
57
   
-
   
-
   
57
 
Allowance for loans collectively evaluated for impairment
 
$
27,549
  
$
36,830
  
$
5,064
  
$
69,443
 
Ending balance of loans
 
$
3,027,832
  
$
2,235,437
  
$
1,320,370
  
$
6,583,639
 
Ending balance of originated loans individually evaluated for impairment
  
5,876
   
8,432
   
6,830
   
21,138
 
Ending balance of acquired loans collectively evaluated for impairment
  
187,313
   
43,906
   
170,472
   
401,691
 
Ending balance of originated loans collectively evaluated for impairment
 
$
2,834,643
  
$
2,183,099
  
$
1,143,068
  
$
6,160,810
 
Past due and Nonperforming Loans by Loan Class
The following table sets forth information with regard to past due and nonperforming loans by loan class:

(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
 
As of December 31, 2018
                     
Originated
                     
Commercial Loans:
                     
C&I
 
$
909
  
$
-
  
$
-
  
$
909
  
$
1,062
  
$
846,148
  
$
848,119
 
CRE
  
1,089
   
-
   
588
   
1,677
   
4,995
   
1,734,558
   
1,741,230
 
Business Banking
  
1,092
   
302
   
-
   
1,394
   
5,974
   
481,903
   
489,271
 
Total Commercial Loans
 
$
3,090
  
$
302
  
$
588
  
$
3,980
  
$
12,031
  
$
3,062,609
  
$
3,078,620
 
Consumer Loans:
                            
Dealer Finance
 
$
14,519
  
$
2,300
  
$
1,186
  
$
18,005
  
$
1,971
  
$
1,196,136
  
$
1,216,112
 
Specialty Lending
  
3,479
   
1,773
   
1,562
   
6,814
   
-
   
518,114
   
524,928
 
Direct
  
2,962
   
1,437
   
552
   
4,951
   
2,592
   
504,356
   
511,899
 
Total Consumer Loans
 
$
20,960
  
$
5,510
  
$
3,300
  
$
29,770
  
$
4,563
  
$
2,218,606
  
$
2,252,939
 
Residential Real Estate
 
$
1,426
  
$
157
  
$
1,182
  
$
2,765
  
$
6,778
  
$
1,224,016
  
$
1,233,559
 
Total Originated Loans 
 
$
25,476
  
$
5,969
  
$
5,070
  
$
36,515
  
$
23,372
  
$
6,505,231
  
$
6,565,118
 
                             
Acquired
                            
Commercial Loans:
                            
C&I
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
26,124
  
$
26,124
 
CRE
  
-
   
-
   
-
   
-
   
-
   
84,492
   
84,492
 
Business Banking
  
466
   
288
   
-
   
754
   
390
   
31,930
   
33,074
 
Total Commercial Loans
 
$
466
  
$
288
  
$
-
  
$
754
  
$
390
  
$
142,546
  
$
143,690
 
Consumer Loans:
                            
Dealer Finance
 
$
1
  
$
1
  
$
-
  
$
2
  
$
-
  
$
30
  
$
32
 
Direct
  
152
   
41
   
15
   
208
   
227
   
31,157
   
31,592
 
Total Consumer Loans
 
$
153
  
$
42
  
$
15
  
$
210
  
$
227
  
$
31,187
  
$
31,624
 
Residential Real Estate
 
$
546
  
$
42
  
$
-
  
$
588
  
$
1,498
  
$
145,191
  
$
147,277
 
Total Acquired Loans
 
$
1,165
  
$
372
  
$
15
  
$
1,552
  
$
2,115
  
$
318,924
  
$
322,591
 
                             
Total Loans
 
$
26,641
  
$
6,341
  
$
5,085
  
$
38,067
  
$
25,487
  
$
6,824,155
  
$
6,887,709
 

(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
 
As of December 31, 2017
                     
Originated
                     
Commercial Loans:
                     
Commercial
 
$
-
  
$
-
  
$
-
  
$
-
  
$
202
  
$
753,462
  
$
753,664
 
Commercial Real Estate
  
161
   
138
   
-
   
299
   
3,178
   
1,532,827
   
1,536,304
 
Agricultural
  
117
   
-
   
-
   
117
   
1,043
   
34,381
   
35,541
 
Agricultural Real Estate
  
493
   
-
   
-
   
493
   
2,736
   
30,901
   
34,130
 
Business Banking
  
1,907
   
597
   
-
   
2,504
   
5,304
   
473,072
   
480,880
 
Total Commercial Loans
 
$
2,678
  
$
735
  
$
-
  
$
3,413
  
$
12,463
  
$
2,824,643
  
$
2,840,519
 
Consumer Loans:
                            
Indirect
 
$
18,747
  
$
4,033
  
$
3,492
  
$
26,272
  
$
2,115
  
$
1,637,131
  
$
1,665,518
 
Home Equity
  
2,887
   
854
   
341
   
4,082
   
2,736
   
451,489
   
458,307
 
Direct
  
341
   
108
   
70
   
519
   
35
   
67,152
   
67,706
 
Total Consumer Loans
 
$
21,975
  
$
4,995
  
$
3,903
  
$
30,873
  
$
4,886
  
$
2,155,772
  
$
2,191,531
 
Residential Real Estate
 
$
3,730
  
$
667
  
$
1,262
  
$
5,659
  
$
5,987
  
$
1,138,252
  
$
1,149,898
 
Total Originated Loans
 
$
28,383
  
$
6,397
  
$
5,165
  
$
39,945
  
$
23,336
  
$
6,118,667
  
$
6,181,948
 
                             
Acquired
                            
Commercial Loans:
                            
Commercial
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
39,575
  
$
39,575
 
Commercial Real Estate
  
-
   
-
   
-
   
-
   
2
   
106,632
   
106,634
 
Business Banking
  
354
   
-
   
-
   
354
   
669
   
40,081
   
41,104
 
Total Commercial Loans
 
$
354
  
$
-
  
$
-
  
$
354
  
$
671
  
$
186,288
  
$
187,313
 
Consumer Loans:
                            
Indirect
 
$
38
  
$
-
  
$
1
  
$
39
  
$
22
  
$
1,157
  
$
1,218
 
Home Equity
  
254
   
34
   
103
   
391
   
225
   
39,256
   
39,872
 
Direct
  
6
   
1
   
1
   
8
   
23
   
2,785
   
2,816
 
Total Consumer Loans
 
$
298
  
$
35
  
$
105
  
$
438
  
$
270
  
$
43,198
  
$
43,906
 
Residential Real Estate
 
$
627
  
$
226
  
$
140
  
$
993
  
$
1,431
  
$
168,048
  
$
170,472
 
Total Acquired Loans
 
$
1,279
  
$
261
  
$
245
  
$
1,785
  
$
2,372
  
$
397,534
  
$
401,691
 
                             
Total Loans
 
$
29,662
  
$
6,658
  
$
5,410
  
$
41,730
  
$
25,708
  
$
6,516,201
  
$
6,583,639
 
Impaired Loans and Specific Reserve Allocations
The following provides additional information on impaired loans specifically evaluated for impairment:

 
 
December 31, 2018
  
December 31, 2017
 
(In thousands)
 
Recorded
Investment
Balance
(Book)
  
Unpaid
Principal
Balance
(Legal)
  
Related
Allowance
  
Recorded
Investment
Balance
(Book)
  
Unpaid
Principal
Balance
(Legal)
  
Related
Allowance
 
Originated
                  
With no related allowance recorded:
                  
Commercial Loans:
                  
C&I
 
$
228
  
$
497
     
$
-
  
$
-
    
CRE
  
4,312
   
6,330
      
-
   
-
    
Commercial
  
-
   
-
      
-
   
251
    
Commercial Real Estate
  
-
   
-
      
1,526
   
3,244
    
Agricultural
  
-
   
-
      
217
   
230
    
Agricultural Real Estate
  
-
   
-
      
2,250
   
2,423
    
Business Banking
  
1,013
   
2,001
      
860
   
1,730
    
Total Commercial Loans
 
$
5,553
  
$
8,828
     
$
4,853
  
$
7,878
    
Consumer Loans:
                      
Dealer Finance
 
$
143
  
$
241
     
$
-
  
$
-
    
Direct
  
7,744
   
9,831
      
-
   
-
    
Indirect
  
-
   
-
      
131
   
143
    
Home Equity
  
-
   
-
      
8,027
   
9,966
    
Direct
  
-
   
-
      
274
   
274
    
Total Consumer Loans
 
$
7,887
  
$
10,072
     
$
8,432
  
$
10,383
    
Residential Real Estate
 
$
6,905
  
$
9,414
     
$
6,830
  
$
8,780
    
Total
 
$
20,345
  
$
28,314
     
$
20,115
  
$
27,041
    
 
With an allowance recorded:
                      
Commercial Loans:
                      
C&I
 
$
233
  
$
238
  
$
25
  
$
-
  
$
-
  
$
-
 
Commercial Real Estate
  
-
   
-
   
-
   
761
   
817
   
30
 
Agricultural
  
-
   
-
   
-
   
262
   
262
   
27
 
    Total Commercial Loans
 
$
233
  
$
238
  
$
25
  
$
1,023
  
$
1,079
  
$
57
 
                         
Total Loans
 
$
20,578
  
$
28,552
  
$
25
  
$
21,138
  
$
28,120
  
$
57
 

There were no acquired impaired loans specifically evaluated for impairment as of December 31, 2018 and 2017.

The following table summarizes the average recorded investments on loans specifically evaluated for impairment and the interest income recognized:

 
 
December 31, 2018
  
December 31, 2017
  
December 31, 2016
 
(In thousands)
 
Average
Recorded
Investment
  
Interest Income
Recognized
  
Average
Recorded
Investment
  
Interest Income
Recognized
  
Average
Recorded
Investment
  
Interest Income
Recognized
 
Originated
                  
Commercial Loans:
                  
C&I
 
$
453
  
$
1
  
$
-
  
$
-
  
$
-
  
$
-
 
CRE
  
4,078
   
128
   
-
   
-
   
-
   
-
 
Commercial
  
-
   
-
   
1,841
   
-
   
6,217
   
-
 
Commercial Real Estate
  
-
   
-
   
3,534
   
115
   
5,828
   
167
 
Agricultural
  
-
   
-
   
224
   
1
   
715
   
1
 
Agricultural Real Estate
  
-
   
-
   
1,709
   
43
   
908
   
44
 
Business Banking
  
1,018
   
26
   
875
   
12
   
830
   
9
 
Total Commercial Loans
 
$
5,549
  
$
155
  
$
8,183
  
$
171
  
$
14,498
  
$
221
 
Consumer Loans:
                        
Dealer Finance
 
$
179
  
$
10
  
$
-
  
$
-
  
$
-
  
$
-
 
Direct
  
7,922
   
431
   
-
   
-
   
-
   
-
 
Indirect
  
-
   
-
   
35
   
3
   
8
   
-
 
Home Equity
  
-
   
-
   
8,226
   
446
   
8,278
   
480
 
Direct
  
-
   
-
   
178
   
8
   
-
   
-
 
Total Consumer Loans
 
$
8,101
  
$
441
  
$
8,439
  
$
457
  
$
8,286
  
$
480
 
  Residential Real Estate
 
$
6,779
  
$
305
  
$
6,523
  
$
296
  
$
6,143
  
$
269
 
Total Originated
 
$
20,429
  
$
901
  
$
23,145
  
$
924
  
$
28,927
  
$
970
 
                         
Acquired
                        
Commercial Loans:
                        
Commercial Real Estate
 
$
-
  
$
-
  
$
93
  
$
-
  
$
1,205
  
$
-
 
Total Commercial Loans
 
$
-
  
$
-
  
$
93
  
$
-
  
$
1,205
  
$
-
 
Total Acquired Loans
 
$
-
  
$
-
  
$
93
  
$
-
  
$
1,205
  
$
-
 
                         
Total Loans
 
$
20,429
  
$
901
  
$
23,238
  
$
924
  
$
30,132
  
$
970
 
Financing Receivable Credit Quality by Loan Class
The following tables illustrate the Company’s credit quality by loan class:

(In thousands)
 
As of December 31, 2018
 
Originated
         
Commercial Credit Exposure
         
By Internally Assigned Grade:
 
C&I
 
 
CRE
  
Total
 
Pass
 
$
796,778
  
$
1,681,330
  
$
2,478,108
 
Special Mention
  
11,348
   
13,894
   
25,242
 
Substandard
  
39,993
   
46,006
   
85,999
 
Total
 
$
848,119
  
$
1,741,230
  
$
2,589,349
 
 
Business Banking Credit Exposure
 
Business Banking
    
By Internally Assigned Grade:
   
Total
 
Non-classified
 
$
476,052
  
$
476,052
 
Classified
  
13,219
   
13,219
 
Total
 
$
489,271
  
$
489,271
 

Consumer Credit Exposure
 
Dealer Finance
  
Specialty Lending
       
By Payment Activity:
     
Direct
  
Total
 
Performing
 
$
1,212,955
  
$
523,366
  
$
508,755
  
$
2,245,076
 
Nonperforming
  
3,157
   
1,562
   
3,144
   
7,863
 
Total
 
$
1,216,112
  
$
524,928
  
$
511,899
  
$
2,252,939
 
 
Residential Real Estate Credit Exposure
 
Residential
Real Estate
    
By Payment Activity:
   
Total
 
Performing
 
$
1,225,599
  
$
1,225,599
 
Nonperforming
  
7,960
   
7,960
 
Total
 
$
1,233,559
  
$
1,233,559
 

Acquired
         
Commercial Credit Exposure
         
By Internally Assigned Grade:
 
C&I
  
CRE
  
Total
 
Pass
 
$
23,283
  
$
83,762
  
$
107,045
 
Special Mention
  
2,831
   
92
   
2,923
 
Substandard
  
10
   
638
   
648
 
Total
 
$
26,124
  
$
84,492
  
$
110,616
 
 
Business Banking Credit Exposure
 
Business Banking
    
By Internally Assigned Grade:
   
Total
 
Non-classified
 
$
29,945
  
$
29,945
 
Classified
  
3,129
   
3,129
 
Total
 
$
33,074
  
$
33,074
 

Consumer Credit Exposure
 
Dealer Finance
       
By Payment Activity:
   
Direct
  
Total
 
Performing
 
$
32
  
$
31,350
  
$
31,382
 
Nonperforming
  
-
   
242
   
242
 
Total
 
$
32
  
$
31,592
  
$
31,624
 
 
Residential Real Estate Credit Exposure
 
Residential
Real Estate
    
By Payment Activity:
   
Total
 
Performing
 
$
145,779
  
$
145,779
 
Nonperforming
  
1,498
   
1,498
 
Total
 
$
147,277
  
$
147,277
 
 
(In thousands)
 
As of December 31, 2017
 
Originated
               
Commercial Credit Exposure
 
Commercial
  
Commercial
Real Estate
  
Agricultural
  
Agricultural
Real Estate
    
By Internally Assigned Grade:
 
Total
 
Pass
 
$
708,452
  
$
1,481,688
  
$
31,137
  
$
23,377
  
$
2,244,654
 
Special Mention
  
30,337
   
28,264
   
2,294
   
2,441
   
63,336
 
Substandard
  
14,875
   
26,352
   
2,110
   
8,312
   
51,649
 
Total
 
$
753,664
  
$
1,536,304
  
$
35,541
  
$
34,130
  
$
2,359,639
 
 
Business Banking Credit Exposure
 
Business Banking
    
By Internally Assigned Grade:
   
Total
 
Non-classified
 
$
468,823
  
$
468,823
 
Classified
  
12,057
   
12,057
 
Total
 
$
480,880
  
$
480,880
 

Consumer Credit Exposure
     
Home Equity
     
 
By Payment Activity:
 
Indirect
    
Direct
  
Total
 
Performing
 
$
1,659,911
  
$
455,230
  
$
67,601
  
$
2,182,742
 
Nonperforming
  
5,607
   
3,077
   
105
   
8,789
 
Total
 
$
1,665,518
  
$
458,307
  
$
67,706
  
$
2,191,531
 

Residential Real Estate Credit Exposure
 
Residential
Real Estate
    
By Payment Activity:
   
Total
 
Performing
 
$
1,142,649
  
$
1,142,649
 
Nonperforming
  
7,249
   
7,249
 
Total
 
$
1,149,898
  
$
1,149,898
 

Acquired
         
Commercial Credit Exposure
 
Commercial
  
Commercial
Real Estate
    
By Internally Assigned Grade:
 
Total
 
Pass
 
$
37,825
  
$
103,248
  
$
141,073
 
Special Mention
  
425
   
498
   
923
 
Substandard
  
1,325
   
2,888
   
4,213
 
Total
 
$
39,575
  
$
106,634
  
$
146,209
 
 
Business Banking Credit Exposure
 
Business Banking
    
By Internally Assigned Grade:
   
Total
 
Non-classified
 
$
38,236
  
$
38,236
 
Classified
  
2,868
   
2,868
 
Total
 
$
41,104
  
$
41,104
 

Consumer Credit Exposure
     
Home Equity
     
 
By Payment Activity:
 
Indirect
    
Direct
  
Total
 
Performing
 
$
1,195
  
$
39,544
  
$
2,792
  
$
43,531
 
Nonperforming
  
23
   
328
   
24
   
375
 
Total
 
$
1,218
  
$
39,872
  
$
2,816
  
$
43,906
 
 
Residential Real Estate Credit Exposure
 
Residential
Real Estate
    
By Payment Activity:
   
Total
 
Performing
 
$
168,901
  
$
168,901
 
Nonperforming
  
1,571
   
1,571
 
Total
 
$
170,472
  
$
170,472
 
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:

  
Year ended December 31, 2018
 
(Dollars in thousands)
 
Number of Contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial Loans:
         
Business Banking
  
5
  
$
581
  
$
581
 
Total Commercial Loans
  
5
  
$
581
  
$
581
 
Consumer Loans:
            
Dealer Finance
  
17
  
$
204
  
$
202
 
Direct
  
10
   
401
   
399
 
Total Consumer Loans
  
27
  
$
605
  
$
601
 
Residential Real Estate
  
14
  
$
1,099
  
$
1,098
 
Total Troubled Debt Restructurings
  
46
  
$
2,285
  
$
2,280
 

 
 
Year ended December 31, 2017
 
(Dollars In thousands)
 
Number of Contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial Loans:
         
Commercial
  
1
  
$
3,300
  
$
3,239
 
Business Banking
  
3
   
385
   
381
 
Total Commercial Loans
  
4
  
$
3,685
  
$
3,620
 
Consumer Loans:
            
Indirect
  
8
  
$
145
  
$
143
 
Home Equity
  
13
   
552
   
600
 
Direct
  
2
   
279
   
279
 
Total Consumer Loans
  
23
  
$
976
  
$
1,022
 
Residential Real Estate
  
15
  
$
1,454
  
$
1,474
 
Total Troubled Debt Restructurings
  
42
  
$
6,115
  
$
6,116
 

The following table illustrates the recorded investment and number of modifications for TDRs where a concession has been made and subsequently defaulted during the period:

  
Year ended December 31, 2018
  
Year ended December 31, 2017
 
(Dollars in thousands) 
 
Number of Contracts
  
Recorded Investment
  
Number of Contracts
  
Recorded Investment
 
Commercial Loans:
            
Commercial
  
-
  
$
-
   
1
  
$
145
 
Business Banking
  
3
   
338
   
1
   
329
 
Total Commercial Loans
  
3
  
$
338
   
2
  
$
474
 
Consumer Loans:
                
Indirect
  
-
  
$
-
   
2
  
$
19
 
Home Equity
  
-
   
-
   
34
   
1,720
 
Direct
  
37
   
1,931
   
-
   
-
 
Total Consumer Loans
  
37
  
$
1,931
   
36
  
$
1,739
 
Residential Real Estate
  
26
  
$
1,786
   
19
  
$
1,302
 
Total Troubled Debt Restructurings
  
66
  
$
4,055
   
57
  
$
3,515