XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.2
CREDIT QUALITY ASSESSMENT (Tables)
 6 Months Ended
Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Summary Information on Allowance for Loan and Lease Loss Activity

 

 

 

 

Six Months Ended June 30,

(In thousands)

 

2019

 

2018

Balance at beginning of year

 

$

53,486

 

$

45,257

 

Provision for loan losses

 

 

1,505

 

 

3,730

 

Loan charge-offs

 

 

(1,197)

 

 

(818)

 

Loan recoveries

 

 

230

 

 

324

 

 

Net charge-offs

 

 

(967)

 

 

(494)

Balance at period end

 

$

54,024

 

$

48,493
Activity in Allowance for Loan and Lease Losses by Respective Loan Portfolio Segment The following tables provide information on the activity in the allowance for loan losses by the respective loan portfolio segment for the period indicated:

 

 

 

For the Six Months Ended June 30, 2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(Dollars in thousands)

 

Business

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Balance at beginning of year

 

$

11,377

 

$

5,944

 

$

17,603

 

$

6,307

 

$

2,113

 

$

8,881

 

$

1,261

 

$

53,486

Provision (credit)

 

 

(61)

 

 

474

 

 

1,070

 

 

(212)

 

 

153

 

 

297

 

 

(216)

 

 

1,505

Charge-offs

 

 

(776)

 

 

-

 

 

-

 

 

-

 

 

(308)

 

 

(113)

 

 

-

 

 

(1,197)

Recoveries

 

 

34

 

 

4

 

 

10

 

 

-

 

 

144

 

 

34

 

 

4

 

 

230

 

Net recoveries (charge-offs)

 

 

(742)

 

 

4

 

 

10

 

 

-

 

 

(164)

 

 

(79)

 

 

4

 

 

(967)

Balance at end of period

 

$

10,574

 

$

6,422

 

$

18,683

 

$

6,095

 

$

2,102

 

$

9,099

 

$

1,049

 

$

54,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

772,158

 

$

658,709

 

$

1,994,027

 

$

1,224,986

 

$

489,176

 

$

1,241,081

 

$

171,106

 

$

6,551,243

Allowance for loans losses to total loans ratio

 

 

1.37%

 

 

0.97%

 

 

0.94%

 

 

0.50%

 

 

0.43%

 

 

0.73%

 

 

0.61%

 

 

0.82%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans specifically evaluated for impairment

 

$

7,347

 

$

1,990

 

$

7,184

 

$

3,766

 

 

na.

 

$

1,370

 

$

-

 

$

21,657

Allowance for loans specifically evaluated for impairment

 

$

2,945

 

$

393

 

$

1,413

 

$

26

 

 

na.

 

$

-

 

$

-

 

$

4,777

Specific allowance to specific loans ratio

 

 

40.08%

 

 

-

 

 

19.67%

 

 

0.69%

 

 

na.

 

 

-

 

 

-

 

 

22.06%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans collectively evaluated

 

$

762,100

 

$

656,719

 

$

1,977,069

 

$

1,221,220

 

$

488,068

 

$

1,239,702

 

$

171,106

 

$

6,515,984

Allowance for loans collectively evaluated

 

$

7,629

 

$

6,029

 

$

17,270

 

$

6,069

 

$

2,102

 

$

9,099

 

$

1,049

 

$

49,247

Collective allowance to collective loans ratio

 

 

1.00%

 

 

0.92%

 

 

0.87%

 

 

0.50%

 

 

0.43%

 

 

0.73%

 

 

0.61%

 

 

0.76%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans acquired with deteriorated credit quality

 

$

2,711

 

$

-

 

$

9,774

 

$

-

 

$

1,108

 

$

9

 

$

-

 

$

13,602

Allowance for loans acquired with deteriorated credit quality

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

Allowance to loans acquired with deteriorated credit quality ratio

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

For the Year Ended December 31, 2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(Dollars in thousands)

 

Business

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Balance at beginning of year

 

$

8,711

 

$

3,501

 

$

14,970

 

$

7,178

 

$

2,383

 

$

7,268

 

$

1,246

 

$

45,257

Provision (credit)

 

 

2,857

 

 

2,381

 

 

2,677

 

 

(871)

 

 

203

 

 

1,776

 

 

-

 

 

9,023

Charge-offs

 

 

(449)

 

 

-

 

 

(131)

 

 

-

 

 

(611)

 

 

(225)

 

 

-

 

 

(1,416)

Recoveries

 

 

258

 

 

62

 

 

87

 

 

-

 

 

138

 

 

62

 

 

15

 

 

622

 

Net recoveries (charge-offs)

 

 

(191)

 

 

62

 

 

(44)

 

 

-

 

 

(473)

 

 

(163)

 

 

15

 

 

(794)

Balance at end of period

 

$

11,377

 

$

5,944

 

$

17,603

 

$

6,307

 

$

2,113

 

$

8,881

 

$

1,261

 

$

53,486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

796,264

 

$

681,201

 

$

1,958,395

 

$

1,202,903

 

$

517,839

 

$

1,228,247

 

$

186,785

 

$

6,571,634

Allowance for loan losses to total loans ratio

 

 

1.43%

 

 

0.87%

 

 

0.90%

 

 

0.52%

 

 

0.41%

 

 

0.72%

 

 

0.68%

 

 

0.81%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans specifically evaluated for impairment

 

$

7,586

 

$

3,306

 

$

5,355

 

$

4,234

 

 

na.

 

$

1,729

 

$

-

 

$

22,210

Allowance for loans specifically evaluated for impairment

 

$

3,594

 

$

-

 

$

1,207

 

$

123

 

 

na.

 

$

-

 

$

-

 

$

4,924

Specific allowance to specific loans ratio

 

 

47.38%

 

 

-

 

 

22.54%

 

 

2.91%

 

 

na.

 

 

-

 

 

-

 

 

22.17%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans collectively evaluated

 

$

780,523

 

$

677,895

 

$

1,938,712

 

$

1,196,487

 

$

516,567

 

$

1,226,508

 

$

186,785

 

$

6,523,477

Allowance for loans collectively evaluated

 

$

7,783

 

$

5,944

 

$

16,396

 

$

6,184

 

$

2,113

 

$

8,881

 

$

1,261

 

$

48,562

Collective allowance to collective loans ratio

 

 

1.00%

 

 

0.88%

 

 

0.85%

 

 

0.52%

 

 

0.41%

 

 

0.72%

 

 

0.68%

 

 

0.74%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans acquired with deteriorated credit quality

 

$

8,155

 

$

-

 

$

14,328

 

$

2,182

 

$

1,272

 

$

10

 

$

-

 

$

25,947

Allowance for loans acquired with deteriorated credit quality

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

Allowance to loan acquired with deteriorated credit quality ratio

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-
Summary of Impaired Loans

(In thousands)

 

June 30, 2019

 

December 31, 2018

Impaired loans with a specific allowance

 

$

14,498

 

$

12,876

Impaired loans without a specific allowance

 

 

7,159

 

 

9,334

 

Total impaired loans

 

$

21,657

 

$

22,210

 

 

 

 

 

 

 

 

Allowance for loan losses related to impaired loans

 

$

4,777

 

$

4,924

Allowance for loan losses related to loans collectively evaluated

 

 

49,247

 

 

48,562

 

Total allowance for loan losses

 

$

54,024

 

$

53,486

 

 

 

 

 

 

 

 

Average impaired loans for the period

 

$

23,335

 

$

20,211

Contractual interest income due on impaired loans during the period

 

$

1,313

 

$

2,513

Interest income on impaired loans recognized on a cash basis

 

$

267

 

$

506

Interest income on impaired loans recognized on an accrual basis

 

$

78

 

$

138

 

 

 

 

June 30, 2019

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Impaired loans with a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

4,034

 

$

1,261

 

$

5,468

 

$

767

 

$

-

 

$

11,530

 

 

Restructured accruing

 

 

102

 

 

-

 

 

-

 

 

-

 

 

-

 

 

102

 

 

Restructured non-accruing

 

 

1,957

 

 

-

 

 

782

 

 

127

 

 

-

 

 

2,866

 

Balance

 

$

6,093

 

$

1,261

 

$

6,250

 

$

894

 

$

-

 

$

14,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance

 

$

2,945

 

$

393

 

$

1,413

 

$

26

 

$

-

 

$

4,777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

169

 

$

729

 

$

159

 

$

1,053

 

$

-

 

$

2,110

 

 

Restructured accruing

 

 

162

 

 

-

 

 

775

 

 

-

 

 

1,094

 

 

2,031

 

 

Restructured non-accruing

 

 

923

 

 

-

 

 

-

 

 

1,819

 

 

276

 

 

3,018

 

Balance

 

$

1,254

 

$

729

 

$

934

 

$

2,872

 

$

1,370

 

$

7,159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

4,203

 

$

1,990

 

$

5,627

 

$

1,820

 

$

-

 

$

13,640

 

 

Restructured accruing

 

 

264

 

 

-

 

 

775

 

 

-

 

 

1,094

 

 

2,133

 

 

Restructured non-accruing

 

 

2,880

 

 

-

 

 

782

 

 

1,946

 

 

276

 

 

5,884

 

Balance

 

$

7,347

 

$

1,990

 

$

7,184

 

$

3,766

 

$

1,370

 

$

21,657

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unpaid principal balance in total impaired loans

 

$

9,840

 

$

1,990

 

$

11,744

 

$

5,598

 

$

2,725

 

$

31,897

 

 

June 30, 2019

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Average impaired loans for the period

 

$

7,740

 

$

2,867

 

$

6,461

 

$

4,664

 

$

1,603

 

$

23,335

Contractual interest income due on impaired loans during the period

 

$

506

 

$

240

 

$

358

 

$

145

 

$

64

 

 

 

Interest income on impaired loans recognized on a cash basis

 

$

154

 

$

-

 

$

12

 

$

94

 

$

7

 

 

 

Interest income on impaired loans recognized on an accrual basis

 

$

25

 

$

-

 

$

19

 

$

-

 

$

34

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Impaired loans with a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

4,126

 

$

-

 

$

5,117

 

$

767

 

$

-

 

$

10,010

 

 

Restructured accruing

 

 

328

 

 

-

 

 

-

 

 

-

 

 

-

 

 

328

 

 

Restructured non-accruing

 

 

1,766

 

 

-

 

 

-

 

 

772

 

 

-

 

 

2,538

 

Balance

 

$

6,220

 

$

-

 

$

5,117

 

$

1,539

 

$

-

 

$

12,876

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance

 

$

3,594

 

$

-

 

$

1,207

 

$

123

 

$

-

 

$

4,924

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

220

 

$

3,170

 

$

238

 

$

1,216

 

$

-

 

$

4,844

 

 

Restructured accruing

 

 

172

 

 

-

 

 

-

 

 

-

 

 

1,442

 

 

1,614

 

 

Restructured non-accruing

 

 

974

 

 

136

 

 

-

 

 

1,479

 

 

287

 

 

2,876

 

Balance

 

$

1,366

 

$

3,306

 

$

238

 

$

2,695

 

$

1,729

 

$

9,334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

4,346

 

$

3,170

 

$

5,355

 

$

1,983

 

$

-

 

$

14,854

 

 

Restructured accruing

 

 

500

 

 

-

 

 

-

 

 

-

 

 

1,442

 

 

1,942

 

 

Restructured non-accruing

 

 

2,740

 

 

136

 

 

-

 

 

2,251

 

 

287

 

 

5,414

 

Balance

 

$

7,586

 

$

3,306

 

$

5,355

 

$

4,234

 

$

1,729

 

$

22,210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unpaid principal balance in total impaired loans

 

$

11,056

 

$

4,419

 

$

9,909

 

$

6,656

 

$

3,081

 

$

35,121

 

 

 

 

 

December 31, 2018

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Average impaired loans for the period

 

$

7,685

 

$

770

 

$

5,696

 

$

3,823

 

$

2,237

 

$

20,211

Contractual interest income due on impaired loans during the period

 

$

858

 

$

495

 

$

610

 

$

407

 

$

143

 

 

 

Interest income on impaired loans recognized on a cash basis

 

$

215

 

$

-

 

$

20

 

$

175

 

$

96

 

 

 

Interest income on impaired loans recognized on an accrual basis

 

$

63

 

$

-

 

$

-

 

$

-

 

$

75

 

 

 
Credit Quality of Loan Portfolio by Segment

 

 

 

June 30, 2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Non-performing loans and assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans (1)

 

$

7,083

 

$

1,990

 

$

6,409

 

$

3,766

 

$

4,439

 

$

10,625

 

$

-

 

$

34,312

 

Loans 90 days past due

 

 

-

 

 

-

 

 

1,248

 

 

-

 

 

-

 

 

-

 

 

-

 

 

1,248

 

Restructured loans

 

 

264

 

 

-

 

 

775

 

 

-

 

 

-

 

 

1,094

 

 

-

 

 

2,133

Total non-performing loans

 

 

7,347

 

 

1,990

 

 

8,432

 

 

3,766

 

 

4,439

 

 

11,719

 

 

-

 

 

37,693

 

Other real estate owned

 

 

39

 

 

665

 

 

409

 

 

-

 

 

64

 

 

309

 

 

-

 

 

1,486

Total non-performing assets

 

$

7,386

 

$

2,655

 

$

8,841

 

$

3,766

 

$

4,503

 

$

12,028

 

$

-

 

$

39,179

(1) Includes $4.3 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

 

 

 

December 31, 2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Non-performing loans and assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans (1)

 

$

7,086

 

$

3,306

 

$

5,355

 

$

4,234

 

$

4,107

 

$

9,336

 

$

159

 

$

33,583

 

Loans 90 days past due

 

 

49

 

 

-

 

 

-

 

 

-

 

 

219

 

 

221

 

 

-

 

 

489

 

Restructured loans

 

 

500

 

 

-

 

 

-

 

 

-

 

 

-

 

 

1,442

 

 

-

 

 

1,942

Total non-performing loans

 

 

7,635

 

 

3,306

 

 

5,355

 

 

4,234

 

 

4,326

 

 

10,999

 

 

159

 

 

36,014

 

Other real estate owned

 

 

39

 

 

315

 

 

409

 

 

-

 

 

-

 

 

821

 

 

-

 

 

1,584

Total non-performing assets

 

$

7,674

 

$

3,621

 

$

5,764

 

$

4,234

 

$

4,326

 

$

11,820

 

$

159

 

$

37,598

(1) Includes $4.8 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

 

 

 

 

June 30, 2019

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Past due loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 days

 

$

2,855

 

$

3,790

 

$

2,244

 

$

385

 

$

1,513

 

$

11,009

 

$

2,386

 

$

24,182

 

61-90 days

 

 

2,958

 

 

-

 

 

169

 

 

711

 

 

1,200

 

 

2,567

 

 

477

 

 

8,082

 

> 90 days

 

 

-

 

 

-

 

 

1,248

 

 

-

 

 

-

 

 

-

 

 

-

 

 

1,248

 

Total past due

 

 

5,813

 

 

3,790

 

 

3,661

 

 

1,096

 

 

2,713

 

 

13,576

 

 

2,863

 

 

33,512

 

Non-accrual loans (1)

 

 

7,083

 

 

1,990

 

 

6,409

 

 

3,766

 

 

4,439

 

 

10,625

 

 

-

 

 

34,312

 

Loans acquired with deteriorated credit quality

 

2,711

 

 

-

 

 

9,774

 

 

-

 

 

1,108

 

 

9

 

 

-

 

 

13,602

 

Current loans

 

 

756,551

 

 

652,929

 

 

1,974,183

 

 

1,220,124

 

 

480,916

 

 

1,216,871

 

 

168,243

 

 

6,469,817

 

 

Total loans

 

$

772,158

 

$

658,709

 

$

1,994,027

 

$

1,224,986

 

$

489,176

 

$

1,241,081

 

$

171,106

 

$

6,551,243

(1) Includes $4.3 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Past due loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 days

 

$

2,737

 

$

474

 

$

3,041

 

$

433

 

$

3,871

 

$

8,181

 

$

3,226

 

$

21,963

 

61-90 days

 

 

-

 

 

-

 

 

789

 

 

-

 

 

1,477

 

 

2,517

 

 

-

 

 

4,783

 

> 90 days

 

 

49

 

 

-

 

 

-

 

 

-

 

 

219

 

 

221

 

 

-

 

 

489

 

Total past due

 

 

2,786

 

 

474

 

 

3,830

 

 

433

 

 

5,567

 

 

10,919

 

 

3,226

 

 

27,235

 

Non-accrual loans (1)

 

 

7,086

 

 

3,306

 

 

5,355

 

 

4,234

 

 

4,107

 

 

9,336

 

 

159

 

 

33,583

 

Loans acquired with deteriorated credit quality

 

8,155

 

 

-

 

 

14,328

 

 

2,182

 

 

1,272

 

 

10

 

 

-

 

 

25,947

 

Current loans

 

 

778,237

 

 

677,421

 

 

1,934,882

 

 

1,196,054

 

 

506,893

 

 

1,207,982

 

 

183,400

 

 

6,484,869

 

 

Total loans

 

$

796,264

 

$

681,201

 

$

1,958,395

 

$

1,202,903

 

$

517,839

 

$

1,228,247

 

$

186,785

 

$

6,571,634

(1) Includes $4.8 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

 
Restructured Loans for Specific Segments of Loan Portfolio

 

 

 

For the Six Months Ended June 30, 2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Total

Troubled debt restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured accruing

 

$

-

 

$

-

 

$

775

 

$

-

 

$

-

 

$

775

 

Restructured non-accruing

 

 

254

 

 

-

 

 

782

 

 

-

 

 

-

 

 

1,036

Balance

 

$

254

 

$

-

 

$

1,557

 

$

-

 

$

-

 

$

1,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specific allowance

 

$

204

 

$

-

 

$

202

 

$

-

 

$

-

 

$

406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured and subsequently defaulted

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

 

 

For the Year Ended December 31, 2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Total

Troubled debt restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured accruing

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

Restructured non-accruing

 

 

1,464

 

 

-

 

 

-

 

 

158

 

 

-

 

 

1,622

Balance

 

$

1,464

 

$

-

 

$

-

 

$

158

 

$

-

 

$

1,622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specific allowance

 

$

563

 

$

-

 

$

-

 

$

-

 

$

-

 

$

563

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured and subsequently defaulted

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-
Commercial  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Risk Rating Indicators The following tables provide information by credit risk rating indicators for each segment of the commercial loan portfolio at the dates indicated:

 

 

 

June 30, 2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Total

 

Pass

 

$

752,645

 

$

656,719

 

$

1,972,903

 

$

1,214,105

 

$

4,596,372

 

Special Mention (1)

 

 

5,111

 

 

-

 

 

3,910

 

 

3,117

 

 

12,138

 

Substandard (2)

 

 

14,402

 

 

1,990

 

 

17,214

 

 

7,764

 

 

41,370

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Total

 

$

772,158

 

$

658,709

 

$

1,994,027

 

$

1,224,986

 

$

4,649,880

(1) Includes $2.0 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

(2) Includes $12.1 million of purchased credit impaired loans acquired from WashingtonFirst and $8.1 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

 

 

 

December 31, 2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Total

 

Pass

 

$

773,958

 

$

677,574

 

$

1,934,886

 

$

1,189,903

 

$

4,576,321

 

Special Mention (1)

 

 

1,942

 

 

321

 

 

3,826

 

 

2,738

 

 

8,827

 

Substandard (2)

 

 

20,364

 

 

3,306

 

 

19,683

 

 

10,262

 

 

53,615

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Total

 

$

796,264

 

$

681,201

 

$

1,958,395

 

$

1,202,903

 

$

4,638,763

(1) Includes $4.2 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

(2) Includes $24.3 million of purchased credit impaired loans acquired from WashingtonFirst and $7.2 million of loans acquired from WashingtonFirst and considered performing at the Acquisition Date.
Non Commercial Loan  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Risk Rating Indicators Homogeneous loan pools do not have individual loans subjected to internal risk ratings therefore, the credit indicator applied to these pools is based on their delinquency status. The following tables provide information by credit risk rating indicators for those remaining segments of the loan portfolio at the dates indicated:

 

 

 

 

June 30, 2019

 

 

 

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Consumer

 

Mortgage

 

Construction

 

Total

 

Performing

 

$

484,737

 

$

1,229,362

 

$

171,106

 

$

1,885,205

 

Non-performing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days past due

 

 

-

 

 

-

 

 

-

 

 

-

 

 

Non-accruing (1)

 

 

4,439

 

 

10,625

 

 

-

 

 

15,064

 

 

Restructured loans

 

 

-

 

 

1,094

 

 

-

 

 

1,094

Total

 

$

489,176

 

$

1,241,081

 

$

171,106

 

$

1,901,363

(1) Includes $1.2 million of consumer loans acquired from WashingtonFirst and considered performing at the Acquisition Date.

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Consumer

 

Mortgage

 

Construction

 

Total

 

Performing

 

$

513,513

 

$

1,217,248

 

$

186,626

 

$

1,917,387

 

Non-performing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days past due

 

 

219

 

 

221

 

 

-

 

 

440

 

 

Non-accruing (1)

 

 

4,107

 

 

9,336

 

 

159

 

 

13,602

 

 

Restructured loans

 

 

-

 

 

1,442

 

 

-

 

 

1,442

Total

 

$

517,839

 

$

1,228,247

 

$

186,785

 

$

1,932,871

(1) Includes $1.3 million of consumer loans acquired from WashingtonFirst and considered performing at the Acquisition Date.