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LOANS (Tables)
9 Months Ended
Sep. 30, 2019
Loans [Abstract]  
Loan Portfolio Segment Balances

(In thousands)

 

September 30, 2019

 

December 31, 2018

Residential real estate:

 

 

 

 

 

 

 

Residential mortgage

 

$

1,199,275

 

$

1,228,247

 

Residential construction

 

 

150,692

 

 

186,785

Commercial real estate:

 

 

 

 

 

 

 

Commercial owner-occupied real estate

 

 

1,278,505

 

 

1,202,903

 

Commercial investor real estate

 

 

2,036,021

 

 

1,958,395

 

Commercial AD&C

 

 

678,906

 

 

681,201

Commercial business

 

 

772,619

 

 

796,264

Consumer

 

 

480,530

 

 

517,839

 

Total loans

 

$

6,596,548

 

$

6,571,634

Loans acquired accounted for at fair value

(Dollars in thousands)

 

January 1, 2018

Gross amortized cost basis at January 1, 2018

 

$

1,697,760

Interest rate fair value adjustment

 

 

15,370

Credit fair value adjustment on pools of homogeneous loans

 

 

(22,421)

Credit fair value adjustment on purchased credit impaired loans

 

 

(14,518)

Fair value of acquired loan portfolio at January 1, 2018

 

$

1,676,191

Acquired credit impaired loans receivable

(Dollars in thousands)

 

January 1, 2018

Contractual principal and interest at acquisition

 

$

49,412

Contractual cash flows not expected to be collected (Nonaccretable yield)

 

 

(17,915)

Expected cash flows at acquisition

 

 

31,497

Interest component of expected cash flows (Accretable yield)

 

 

(3,988)

Fair value of purchased credit impaired loans

 

$

27,509

Accretable yield activity since acquisition date

 

 

 

For the Period Ended,

(Dollars in thousands)

 

September 30, 2019

 

December 31, 2018

Accretable yield at the beginning of the period

 

$

1,279

 

$

-

Addition of accretable yield due to acquisition

 

 

-

 

 

3,988

Accretion into interest income

 

 

(869)

 

 

(1,860)

Disposals (including maturities, foreclosures, and charge-offs)

 

 

(199)

 

 

(849)

Accretable yield at the end of the period.

 

$

211

 

$

1,279