XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2
CREDIT QUALITY ASSESSMENT (Tables)
6 Months Ended
Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Summary Information On The Allowance For Credit Loss Activity

 

 

 

Six Months Ended June 30,

(In thousands)

2020

 

2019

Balance at beginning of period

$

56,132

 

$

53,486

 

Initial allowance on PCD loans at adoption of ASC 326

 

2,762

 

 

-

 

Transition impact of adopting ASC 326

 

2,983

 

 

-

 

Initial allowance on acquired Revere PCD loans

 

18,628

 

 

-

 

Provision for credit losses

 

83,155

 

 

1,505

 

Loan charge-offs

 

(1,039)

 

 

(1,197)

 

Loan recoveries

 

860

 

 

230

 

 

Net charge-offs

 

(179)

 

 

(967)

Balance at period end

$

163,481

 

$

54,024

Summary Information Regarding Collateral Dependent Loans Individually Evaluated For Credit Loss

(In thousands)

 

June 30, 2020

 

December 31, 2019

Collateral dependent loans individually evaluated for credit loss with an allowance

 

$

28,461

 

$

15,333

Collateral dependent loans individually evaluated for credit loss without an allowance

 

 

32,067

 

 

9,440

 

Total individually evaluated collateral dependent loans

 

$

60,528

 

$

24,773

 

 

 

 

 

 

 

 

Allowance for credit losses related to loans evaluated individually

 

$

8,827

 

$

5,501

Allowance for credit losses related to loans evaluated collectively

 

 

154,654

 

 

50,631

 

Total allowance for credit losses

 

$

163,481

 

$

56,132

Activity in Allowance for Credit Losses or Loan and Lease Losses by Respective Loan Portfolio Segment

 

 

 

For the Six Months Ended June 30, 2020

 

 

 

 

 

 

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 period

 

$

11,395

 

$

7,590

 

$

18,407

 

$

6,884

$

2,086

 

$

8,803

 

$

967

 

$

56,132

Initial allowance on PCD loans at adoption of ASC 326

 

 

1,549

 

 

-

 

 

1,114

 

 

-

 

99

 

 

-

 

 

-

 

 

2,762

Transition impact of adopting ASC 326

 

 

2,988

 

 

2,576

 

 

(3,125)

 

 

387

 

820

 

 

(388)

 

 

(275)

 

 

2,983

Initial allowance on acquired Revere PCD loans

 

 

6,289

 

 

1,248

 

 

7,973

 

 

2,782

 

87

 

 

243

 

 

6

 

 

18,628

Provision for credit losses

 

 

36,060

 

 

7,604

 

 

22,567

 

 

8,627

 

3,460

 

 

4,166

 

 

671

 

 

83,155

Charge-offs

 

 

(339)

 

 

-

 

 

-

 

 

-

 

(286)

 

 

(414)

 

 

-

 

 

(1,039)

Recoveries

 

 

694

 

 

-

 

 

4

 

 

-

 

93

 

 

66

 

 

3

 

 

860

 

Net recoveries (charge-offs)

 

 

355

 

 

-

 

 

4

 

 

-

 

(193)

 

 

(348)

 

 

3

 

 

(179)

Balance at end of period

 

$

58,636

 

$

19,018

 

$

46,940

 

$

18,680

$

6,359

 

$

12,476

 

$

1,372

 

$

163,481

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

2,222,810

 

$

997,423

 

$

3,581,778

 

$

1,601,803

$

558,434

 

$

1,211,745

 

$

169,050

 

$

10,343,043

Allowance for credit losses to total loans ratio

 

 

2.64%

 

 

1.91%

 

 

1.31%

 

 

1.17%

 

1.14%

 

 

1.03%

 

 

0.81%

 

 

1.58%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans individually evaluated for credit loss

 

$

20,953

 

$

2,957

 

$

27,257

 

$

6,729

$

1,282

 

$

1,350

 

$

-

 

$

60,528

Allowance related to loans evaluated individually

 

$

5,488

 

$

635

 

$

2,573

 

$

32

$

99

 

$

-

 

$

-

 

$

8,827

Individual allowance to loans evaluated individually ratio

 

 

26.19%

 

 

21.47%

 

 

9.44%

 

 

0.48%

 

7.72%

 

 

-

 

 

-

 

 

14.58%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans collectively evaluated for credit loss

 

$

2,201,857

 

$

994,466

 

$

3,554,521

 

$

1,595,074

$

557,152

 

$

1,210,395

 

$

169,050

 

$

10,282,515

Allowance related to loans evaluated collectively

 

$

53,148

 

$

18,383

 

$

44,367

 

$

18,648

$

6,260

 

$

12,476

 

$

1,372

 

$

154,654

Collective allowance to loans evaluated collectively ratio

 

 

2.41%

 

 

1.85%

 

 

1.25%

 

 

1.17%

 

1.12%

 

 

1.03%

 

 

0.81%

 

 

1.50%

 

 

 

For the Year Ended December 31, 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 period

 

$

11,377

 

$

5,944

 

$

17,603

 

$

6,307

 

$

2,113

 

$

8,881

 

$

1,261

 

$

53,486

Provision (credit)

 

 

1,164

 

 

1,418

 

 

788

 

 

577

 

 

565

 

 

474

 

 

(302)

 

 

4,684

Charge-offs

 

 

(1,195)

 

 

-

 

 

-

 

 

-

 

 

(783)

 

 

(690)

 

 

-

 

 

(2,668)

Recoveries

 

 

49

 

 

228

 

 

16

 

 

-

 

 

191

 

 

138

 

 

8

 

 

630

 

Net recoveries (charge-offs)

 

 

(1,146)

 

 

228

 

 

16

 

 

-

 

 

(592)

 

 

(552)

 

 

8

 

 

(2,038)

Balance at end of period

 

$

11,395

 

$

7,590

 

$

18,407

 

$

6,884

 

$

2,086

 

$

8,803

 

$

967

 

$

56,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

801,019

 

$

684,010

 

$

2,169,156

 

$

1,288,677

 

$

466,764

 

$

1,149,327

 

$

146,279

 

$

6,705,232

Allowance for loan losses to total loans ratio

 

 

1.42%

 

 

1.11%

 

 

0.85%

 

 

0.53%

 

 

0.45%

 

 

0.77%

 

 

0.66%

 

 

0.84%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans specifically evaluated for impairment

 

$

8,867

 

$

829

 

$

9,212

 

$

4,148

 

 

na.

 

$

1,717

 

$

-

 

$

24,773

Allowance for loans specifically evaluated for impairment

 

$

3,817

 

$

132

 

$

1,529

 

$

23

 

 

na.

 

$

-

 

$

-

 

$

5,501

Specific allowance to specific loans ratio

 

 

43.05%

 

 

15.92%

 

 

16.60%

 

 

0.55%

 

 

na.

 

 

-

 

 

-

 

 

22.21%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans collectively evaluated

 

$

789,613

 

$

683,181

 

$

2,150,400

 

$

1,284,529

 

$

465,771

 

$

1,147,602

 

$

146,279

 

$

6,667,375

Allowance for loans collectively evaluated

 

$

7,578

 

$

7,458

 

$

16,878

 

$

6,861

 

$

2,086

 

$

8,803

 

$

967

 

$

50,631

Collective allowance to collective loans ratio

 

 

0.96%

 

 

1.09%

 

 

0.78%

 

 

0.53%

 

 

0.45%

 

 

0.77%

 

 

0.66%

 

 

0.76%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans acquired with deteriorated credit quality

 

$

2,539

 

$

-

 

$

9,544

 

$

-

 

$

993

 

$

8

 

$

-

 

$

13,084

Allowance for loans acquired with deteriorated credit quality

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

Allowance to loan acquired with deteriorated credit quality ratio

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Schedule Of Collateral Dependent Loans Individually Evaluated For Credit Loss With The Associated Allowances

 

 

 

 

June 30, 2020

 

 

 

 

 

 

 

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

Loans individually evaluated for credit loss with an allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

7,851

 

$

2,957

 

$

14,291

 

$

746

 

$

99

 

$

-

 

$

-

 

$

25,944

 

 

Restructured accruing

 

 

570

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

570

 

 

Restructured non-accruing

 

 

1,096

 

 

-

 

 

735

 

 

116

 

 

-

 

 

-

 

 

-

 

 

1,947

 

Balance

 

$

9,517

 

$

2,957

 

$

15,026

 

$

862

 

$

99

 

$

-

 

$

-

 

$

28,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance

 

$

5,488

 

$

635

 

$

2,573

 

$

32

 

$

99

 

$

-

 

$

-

 

$

8,827

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for credit loss without an allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

10,266

 

$

-

 

$

11,456

 

$

4,529

 

$

819

 

$

6

 

$

-

 

$

27,076

 

 

Restructured accruing

 

 

137

 

 

-

 

 

775

 

 

-

 

 

-

 

 

1,071

 

 

-

 

 

1,983

 

 

Restructured non-accruing

 

 

1,033

 

 

-

 

 

-

 

 

1,338

 

 

364

 

 

273

 

 

-

 

 

3,008

 

Balance

 

$

11,436

 

$

-

 

$

12,231

 

$

5,867

 

$

1,183

 

$

1,350

 

$

-

 

$

32,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total individually evaluated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

18,117

 

$

2,957

 

$

25,747

 

$

5,275

 

$

918

 

$

6

 

$

-

 

$

53,020

 

 

Restructured accruing

 

 

707

 

 

-

 

 

775

 

 

-

 

 

-

 

 

1,071

 

 

-

 

 

2,553

 

 

Restructured non-accruing

 

 

2,129

 

 

-

 

 

735

 

 

1,454

 

 

364

 

 

273

 

 

-

 

 

4,955

 

Balance

 

$

20,953

 

$

2,957

 

$

27,257

 

$

6,729

 

$

1,282

 

$

1,350

 

$

-

 

$

60,528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total unpaid contractual principal balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

24,131

 

$

2,957

 

$

33,150

 

$

10,337

 

$

1,554

 

$

2,743

 

$

-

 

$

74,872

Table Of Average Principal Balance Of The Total Non-Accrual Loans, Contractual Interest Due And Interest Income

 

 

June 30, 2020

 

 

 

 

 

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

Average non-accrual loans for the period

 

$

14,023

 

$

1,538

 

$

20,744

 

$

4,984

 

$

6,165

 

$

12,221

 

$

-

 

$

59,675

Contractual interest income due on non-accrual loans during the period

 

$

570

 

$

37

 

$

984

 

$

238

 

$

214

 

$

348

 

$

-

 

$

2,391

Interest income on non-accrual loans recognized on a cash basis

 

$

75

 

$

-

 

$

279

 

$

82

 

$

83

 

$

163

 

$

-

 

$

682

Summary Of Investment With Respect To Impaired Loans

 

 

 

 

December 31, 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

 

$

5,608

 

$

829

 

$

5,448

 

$

767

 

$

-

 

$

12,652

 

 

Restructured accruing

 

 

266

 

 

-

 

 

-

 

 

-

 

 

-

 

 

266

 

 

Restructured non-accruing

 

 

1,856

 

 

-

 

 

437

 

 

122

 

 

-

 

 

2,415

 

Balance

 

$

7,730

 

$

829

 

$

5,885

 

$

889

 

$

-

 

$

15,333

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance

 

$

3,817

 

$

132

 

$

1,529

 

$

23

 

$

-

 

$

5,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a specific allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

114

 

$

-

 

$

2,552

 

$

1,522

 

$

-

 

$

4,188

 

 

Restructured accruing

 

 

151

 

 

-

 

 

775

 

 

-

 

 

1,444

 

 

2,370

 

 

Restructured non-accruing

 

 

872

 

 

-

 

 

-

 

 

1,737

 

 

273

 

 

2,882

 

Balance

 

$

1,137

 

$

-

 

$

3,327

 

$

3,259

 

$

1,717

 

$

9,440

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total impaired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

5,722

 

$

829

 

$

8,000

 

$

2,289

 

$

-

 

$

16,840

 

 

Restructured accruing

 

 

417

 

 

-

 

 

775

 

 

-

 

 

1,444

 

 

2,636

 

 

Restructured non-accruing

 

 

2,728

 

 

-

 

 

437

 

 

1,859

 

 

273

 

 

5,297

 

Balance

 

$

8,867

 

$

829

 

$

9,212

 

$

4,148

 

$

1,717

 

$

24,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unpaid principal balance in total impaired loans

 

$

11,296

 

$

829

 

$

13,805

 

$

6,072

 

$

2,618

 

$

34,620

 

 

 

 

 

December 31, 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

 

$

7,781

 

$

2,052

 

$

7,565

 

$

4,390

 

$

1,577

 

$

23,365

Contractual interest income due on impaired loans during the period

 

$

648

 

$

127

 

$

786

 

$

258

 

$

128

 

$

1,947

Interest income on impaired loans recognized on a cash basis

 

$

221

 

$

-

 

$

49

 

$

187

 

$

8

 

$

465

Interest income on impaired loans recognized on an accrual basis

 

$

62

 

$

-

 

$

39

 

$

-

 

$

68

 

$

169

Schedule Of Information On The Credit Quality Of Loan Portfolio Under The New CECL

 

 

 

June 30, 2020

 

 

 

 

 

 

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

Analysis of non-accrual loan activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

8,450

 

$

829

 

$

8,437

 

$

4,148

 

$

4,107

 

$

12,661

 

$

-

 

$

38,632

 

PCD loans designated as non-accrual (1)

 

2,539

 

 

-

 

 

9,544

 

 

-

 

 

993

 

 

8

 

 

-

 

 

13,084

 

Loans placed on non-accrual

 

10,988

 

 

2,128

 

 

8,974

 

 

3,426

 

 

3,248

 

 

894

 

 

-

 

 

29,658

 

Non-accrual balances transferred to OREO

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Non-accrual balances charged-off

 

(335)

 

 

-

 

 

-

 

 

-

 

 

(56)

 

 

(346)

 

 

-

 

 

(737)

 

Net payments or draws

 

(1,396)

 

 

-

 

 

(473)

 

 

(845)

 

 

(392)

 

 

(635)

 

 

-

 

 

(3,741)

 

Non-accrual loans brought current

 

-

 

 

-

 

 

-

 

 

-

 

 

(100)

 

 

(858)

 

 

-

 

 

(958)

Balance at end of period

 

$

20,246

 

$

2,957

 

$

26,482

 

$

6,729

 

$

7,800

 

$

11,724

 

$

-

 

$

75,938

(1) Upon the adoption of the CECL standard, the Company transitioned from closed pool level accounting for PCI loans during the first quarter of 2020. Non-accrual loans are determined based on

the individual loan level and aggregated for reporting.

Credit Quality of Loan Portfolio by Segment

 

 

 

June 30, 2020

 

 

 

 

 

 

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

Performing loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

$

2,199,853

 

$

993,831

 

$

3,545,235

 

$

1,591,953

 

$

544,808

 

$

1,186,122

 

$

166,727

 

$

10,228,529

 

30-59 days

 

1,871

 

 

635

 

 

5,040

 

 

2,606

 

 

4,354

 

 

11,361

 

 

1,295

 

 

27,162

 

60-89 days

 

133

 

 

-

 

 

3,471

 

 

-

 

 

1,472

 

 

1,329

 

 

1,028

 

 

7,433

 

Total performing loans

 

2,201,857

 

 

994,466

 

 

3,553,746

 

 

1,594,559

 

 

550,634

 

 

1,198,812

 

 

169,050

 

 

10,263,124

Non-performing loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans

 

20,246

 

 

2,957

 

 

26,482

 

 

6,729

 

 

7,800

 

 

11,724

 

 

-

 

 

75,938

 

Loans greater than 90 days past due

 

-

 

 

-

 

 

775

 

 

515

 

 

-

 

 

138

 

 

-

 

 

1,428

 

Restructured loans

 

707

 

 

-

 

 

775

 

 

-

 

 

-

 

 

1,071

 

 

-

 

 

2,553

 

Total non-performing loans

 

20,953

 

 

2,957

 

 

28,032

 

 

7,244

 

 

7,800

 

 

12,933

 

 

-

 

 

79,919

 

Total loans

$

2,222,810

 

$

997,423

 

$

3,581,778

 

$

1,601,803

 

$

558,434

 

$

1,211,745

 

$

169,050

 

$

10,343,043

 

Information About Credit Quality Indicator By The Year Of Origination

 

 

 

 

June 30, 2020

 

 

 

 

Term Loans by Origination Year

 

Revolving

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

 

Loans

 

Total

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,153,740

 

$

209,016

 

$

161,601

 

$

105,160

 

$

48,788

 

$

96,078

 

$

411,354

 

$

2,185,737

 

 

Special Mention

 

 

-

 

 

3,486

 

 

1,448

 

 

995

 

 

1,669

 

 

1,316

 

 

4,004

 

 

12,918

 

 

Substandard

 

 

803

 

 

1,078

 

 

3,074

 

 

1,171

 

 

2,157

 

 

3,182

 

 

3,148

 

 

14,613

 

 

Doubtful

 

 

120

 

 

1,107

 

 

1,075

 

 

128

 

 

1,387

 

 

2,144

 

 

3,581

 

 

9,542

 

 

Total

 

$

1,154,663

 

$

214,687

 

$

167,198

 

$

107,454

 

$

54,001

 

$

102,720

 

$

422,087

 

$

2,222,810

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial AD&C:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

299,178

 

$

298,554

 

$

203,852

 

$

96,783

 

$

14,003

 

$

4,711

 

$

74,572

 

$

991,653

 

 

Special Mention

 

 

-

 

 

-

 

 

1,074

 

 

636

 

 

-

 

 

-

 

 

-

 

 

1,710

 

 

Substandard

 

 

-

 

 

2,128

 

 

730

 

 

100

 

 

-

 

 

1,102

 

 

-

 

 

4,060

 

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

Total

 

$

299,178

 

$

300,682

 

$

205,656

 

$

97,519

 

$

14,003

 

$

5,813

 

$

74,572

 

$

997,423

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Investor R/E:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

463,624

 

$

806,877

 

$

485,477

 

$

517,520

 

$

522,261

 

$

720,158

 

$

17,957

 

$

3,533,874

 

 

Special Mention

 

 

3,819

 

 

775

 

 

14,421

 

 

952

 

 

-

 

 

1,295

 

 

-

 

 

21,262

 

 

Substandard

 

 

347

 

 

3,031

 

 

-

 

 

6,839

 

 

697

 

 

15,728

 

 

-

 

 

26,642

 

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

Total

 

$

467,790

 

$

810,683

 

$

499,898

 

$

525,311

 

$

522,958

 

$

737,181

 

$

17,957

 

$

3,581,778

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Owner-Occupied R/E:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

142,813

 

$

373,413

 

$

233,852

 

$

203,929

 

$

211,171

 

$

408,793

 

$

1,630

 

$

1,575,601

 

 

Special Mention

 

 

1,140

 

 

2,124

 

 

2,823

 

 

3,854

 

 

1,321

 

 

5,971

 

 

-

 

 

17,233

 

 

Substandard

 

 

-

 

 

978

 

 

601

 

 

465

 

 

397

 

 

6,239

 

 

-

 

 

8,680

 

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

289

 

 

-

 

 

289

 

 

Total

 

$

143,953

 

$

376,515

 

$

237,276

 

$

208,248

 

$

212,889

 

$

421,292

 

$

1,630

 

$

1,601,803

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beacon score:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

660-850

 

$

1,566

 

$

6,449

 

$

6,584

 

$

2,822

 

$

3,394

 

$

32,412

 

$

438,778

 

$

492,005

 

 

600-659

 

 

320

 

 

519

 

 

171

 

 

167

 

 

981

 

 

7,594

 

 

20,773

 

 

30,525

 

 

540-599

 

 

3

 

 

518

 

 

232

 

 

226

 

 

667

 

 

3,734

 

 

6,472

 

 

11,852

 

 

less than 540

 

 

133

 

 

851

 

 

323

 

 

1,007

 

 

918

 

 

3,430

 

 

17,390

 

 

24,052

 

 

Total

 

$

2,022

 

$

8,337

 

$

7,310

 

$

4,222

 

$

5,960

 

$

47,170

 

$

483,413

 

$

558,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential Mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beacon score:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

660-850

 

$

93,464

 

$

64,690

 

$

191,410

 

$

231,236

 

$

169,283

 

$

317,589

 

$

-

 

$

1,067,672

 

 

600-659

 

 

1,619

 

 

12,324

 

 

12,827

 

 

13,561

 

 

10,103

 

 

25,926

 

 

-

 

 

76,360

 

 

540-599

 

 

835

 

 

2,249

 

 

6,669

 

 

4,376

 

 

4,032

 

 

14,405

 

 

-

 

 

32,566

 

 

less than 540

 

 

7,114

 

 

1,856

 

 

5,448

 

 

2,104

 

 

2,540

 

 

16,085

 

 

-

 

 

35,147

 

 

Total

 

$

103,032

 

$

81,119

 

$

216,354

 

$

251,277

 

$

185,958

 

$

374,005

 

$

-

 

$

1,211,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential Construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beacon score:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

660-850

 

$

49,670

 

$

82,559

 

$

24,294

 

$

4,135

 

$

1,630

 

$

-

 

$

-

 

$

162,288

 

 

600-659

 

 

798

 

 

536

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

1,334

 

 

540-599

 

 

-

 

 

2,122

 

 

-

 

 

-

 

 

369

 

 

-

 

 

-

 

 

2,491

 

 

less than 540

 

 

2,937

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

2,937

 

 

Total

 

$

53,405

 

$

85,217

 

$

24,294

 

$

4,135

 

$

1,999

 

$

-

 

$

-

 

$

169,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

2,224,043

 

$

1,877,240

 

$

1,357,986

 

$

1,198,166

 

$

997,768

 

$

1,688,181

 

$

999,659

 

$

10,343,043

Historical Information On The Credit Quality Of The Loan Portfolio Under The Legacy Disclosure

 

 

 

December 31, 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

 

$

8,450

 

$

829

 

$

8,437

 

$

4,148

 

$

4,107

 

$

12,661

 

$

-

 

$

38,632

 

Loans 90 days past due

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Restructured loans

 

 

417

 

 

-

 

 

775

 

 

-

 

 

364

 

 

1,080

 

 

-

 

 

2,636

Total non-performing loans

 

 

8,867

 

 

829

 

 

9,212

 

 

4,148

 

 

4,471

 

 

13,741

 

 

-

 

 

41,268

 

Other real estate owned

 

 

39

 

 

665

 

 

409

 

 

-

 

 

64

 

 

305

 

 

-

 

 

1,482

Total non-performing assets

 

$

8,906

 

$

1,494

 

$

9,621

 

$

4,148

 

$

4,535

 

$

14,046

 

$

-

 

$

42,750

 

 

 

 

December 31, 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30-59 days

 

$

908

 

$

-

 

$

932

 

$

316

$

2,697

 

$

14,853

 

$

280

 

$

19,986

 

60-89 days

 

 

370

 

 

-

 

 

-

 

 

-

 

1,517

 

 

4,541

 

 

1,334

 

 

7,762

 

> 90 days

 

 

-

 

 

-

 

 

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

Total past due

 

 

1,278

 

 

-

 

 

932

 

 

316

 

4,214

 

 

19,394

 

 

1,614

 

 

27,748

 

Non-accrual loans

 

 

8,450

 

 

829

 

 

8,437

 

 

4,148

 

4,107

 

 

12,661

 

 

-

 

 

38,632

 

Loans acquired with deteriorated credit quality

 

 

2,539

 

 

-

 

 

9,544

 

 

-

 

993

 

 

8

 

 

-

 

 

13,084

 

Current loans

 

 

788,752

 

 

683,181

 

 

2,150,243

 

 

1,284,213

 

457,450

 

 

1,117,264

 

 

144,665

 

 

6,625,768

 

 

Total loans

 

$

801,019

 

$

684,010

 

$

2,169,156

 

$

1,288,677

$

466,764

 

$

1,149,327

 

$

146,279

 

$

6,705,232

Restructured Loans for Specific Segments of Loan Portfolio

 

 

 

For the Six Months Ended June 30, 2020

 

 

 

 

 

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

 

$

322

 

$

-

 

$

-

 

$

-

 

$

-

 

$

322

 

Restructured non-accruing

 

 

-

 

 

-

 

 

347

 

 

760

 

 

-

 

 

1,107

Balance

 

$

322

 

$

-

 

$

347

 

$

760

 

$

-

 

$

1,429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specific allowance

 

$

80

 

$

-

 

$

60

 

$

40

 

$

-

 

$

180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured and subsequently defaulted

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

 

 

For the Year Ended December 31, 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

 

$

170

 

$

-

 

$

775

 

$

-

 

$

364

 

$

1,309

 

Restructured non-accruing

 

 

261

 

 

-

 

 

789

 

 

-

 

 

-

 

 

1,050

Balance

 

$

431

 

$

-

 

$

1,564

 

$

-

 

$

364

 

$

2,359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specific allowance

 

$

196

 

$

-

 

$

205

 

$

-

 

$

-

 

$

401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured and subsequently defaulted

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

Commercial [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Quality of Loan Portfolio by Segment

 

 

 

December 31, 2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner-

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Total

 

Pass

 

$

783,909

 

$

683,181

 

$

2,146,971

 

$

1,278,337

 

$

4,892,398

 

Special Mention

 

 

2,487

 

 

-

 

 

3,189

 

 

2,284

 

 

7,960

 

Substandard

 

 

14,623

 

 

829

 

 

18,996

 

 

8,056

 

 

42,504

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Total

 

$

801,019

 

$

684,010

 

$

2,169,156

 

$

1,288,677

 

$

4,942,862

Non Commercial Loan  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Quality of Loan Portfolio by Segment

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Consumer

 

Mortgage

 

Construction

 

Total

 

Performing

 

$

462,293

 

$

1,135,586

 

$

146,279

 

$

1,744,158

 

Non-performing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days past due

 

 

-

 

 

-

 

 

-

 

 

-

 

 

Non-accruing

 

 

4,107

 

 

12,661

 

 

-

 

 

16,768

 

 

Restructured loans

 

 

364

 

 

1,080

 

 

-

 

 

1,444

Total

 

$

466,764

 

$

1,149,327

 

$

146,279

 

$

1,762,370