CREDIT QUALITY ASSESSMENT

9 Months Ended

Sep. 30, 2020

The Company completed the implementation of the CECL standard during the first quarter of 2020. The new guidance requires additional disclosures and introduces certain changes to definitions previously used under allowance for loan losses guidance. Accordingly, the following sections present separate disclosures compliant with the new and the legacy disclosure requirements.

Allowance for Credit Losses

Summary information on the allowance for credit loss activity for the period indicated is provided in the following table:


	Nine Months Ended September 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	90,158		3,029
Loan charge-offs	(1,255)		(2,101)
Loan recoveries	906		578
Net charge-offs	(349)		(1,523)
Balance at period end	$	170,314	$	54,992

The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:


(In thousands)	September 30, 2020		December 31, 2019
Collateral dependent loans individually evaluated for credit loss with an allowance	$	25,823	$	15,333
Collateral dependent loans individually evaluated for credit loss without an allowance	30,299		9,440
Total individually evaluated collateral dependent loans	$	56,122	$	24,773

Allowance for credit losses related to loans evaluated individually	$	8,263	$	5,501
Allowance for credit losses related to loans evaluated collectively	162,051		50,631
Total allowance for credit losses	$	170,314	$	56,132

The below section presents allowance for credit losses disclosures in line with the new CECL disclosure requirements.

The following table provides information on the activity in the allowance for credit losses by the respective loan portfolio segment for the period indicated:


	For the Nine Months Ended September 30, 2020
	Commercial Real Estate												Residential Real Estate
(Dollars in thousands)	Commercial Investor R/E			Commercial Owner- Occupied R/E			Commercial AD&C			Commercial Business			Residential Mortgage			Residential Construction			Consumer			Total
Balance at beginning of period	$	18,407		$	6,884		$	7,590		$	11,395		$	8,803		$	967		$	2,086		$	56,132
Initial allowance on PCD loans at adoption of ASC 326	1,114			—			—			1,549			—			—			99			2,762
Transition impact of adopting ASC 326	(3,125)			387			2,576			2,988			(388)			(275)			820			2,983
Initial allowance on acquired Revere PCD loans	7,973			2,782			1,248			6,289			243			6			87			18,628
Provision for credit losses	30,884			9,600			7,377			34,671			3,595			761			3,270			90,158
Charge-offs	(23)			—			—			(429)			(420)			—			(383)			(1,255)
Recoveries	6			—			—			696			78			5			121			906
Net recoveries (charge-offs)	(17)			—			—			267			(342)			5			(262)			(349)
Balance at end of period	$	55,236		$	19,653		$	18,791		$	57,159		$	11,911		$	1,464		$	6,100		$	170,314

Total loans	$	3,588,702		$	1,652,208		$	994,800		$	2,227,246		$	1,173,857		$	175,123		$	521,999		$	10,333,935
Allowance for credit losses to total loans ratio	1.54		%	1.19		%	1.89		%	2.57		%	1.01		%	0.84		%	1.17		%	1.65		%

Balance of loans individually evaluated for credit loss	$	27,508		$	6,511		$	1,678		$	18,728		$	1,333		$	—		$	364		$	56,122
Allowance related to loans evaluated individually	$	2,537		$	22		$	603		$	5,101		$	—		$	—		$	—		$	8,263
Individual allowance to loans evaluated individually ratio	9.22		%	0.34		%	35.94		%	27.24		%	—		%	—			—			14.72		%

Balance of loans collectively evaluated for credit loss	$	3,561,194		$	1,645,697		$	993,122		$	2,208,518		$	1,172,524		$	175,123		$	521,635		$	10,277,813
Allowance related to loans evaluated collectively	$	52,699		$	19,631		$	18,188		$	52,058		$	11,911		$	1,464		$	6,100		$	162,051
Collective allowance to loans evaluated collectively ratio	1.48		%	1.19		%	1.83		%	2.36		%	1.02		%	0.84		%	1.17		%	1.58		%

The following table presents collateral dependent loans individually evaluated for credit loss with the associated allowances for credit losses by the applicable portfolio segment:


	September 30, 2020
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Loans individually evaluated for credit loss with an allowance:
Non-accruing	$	14,267	$	—	$	1,678	$	6,112	$	—	$	—	$	—	$	22,057
Restructured accruing	—		—		—		938		—		—		—		938
Restructured non-accruing	724		853		—		1,251		—		—		—		2,828
Balance	$	14,991	$	853	$	1,678	$	8,301	$	—	$	—	$	—	$	25,823

Allowance	$	2,537	$	22	$	603	$	5,101	$	—	$	—	$	—	$	8,263

Loans individually evaluated for credit loss without an allowance:
Non-accruing	$	11,417	$	4,194	$	—	$	10,007	$	—	$	—	$	—	$	25,618
Restructured accruing	724		—		—		131		1,061		—		—		1,916
Restructured non-accruing	376		1,464		—		289		272		—		364		2,765
Balance	$	12,517	$	5,658	$	—	$	10,427	$	1,333	$	—	$	364	$	30,299

Total individually evaluated loans:
Non-accruing	$	25,684	$	4,194	$	1,678	$	16,119	$	—	$	—	$	—	$	47,675
Restructured accruing	724		—		—		1,069		1,061		—		—		2,854
Restructured non-accruing	1,100		2,317		—		1,540		272		—		364		5,593
Balance	$	27,508	$	6,511	$	1,678	$	18,728	$	1,333	$	—	$	364	$	56,122

Total unpaid contractual principal balance	$	33,452	$	10,203	$	1,678	$	27,171	$	2,683	$	—	$	364	$	75,551

The following table presents average principal balance of total non-accrual loans, contractual interest due and interest income recognized on a cash basis on non-accrual loans for the periods indicated below:


	September 30, 2020
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Average non-accrual loans for the period	$	22,254	$	5,366	$	1,573	$	14,932	$	11,990	$	—	$	6,497	$	62,612
Contractual interest income due on non- accrual loans during the period	$	1,496	$	368	$	67	$	750	$	447	$	—	$	292	$	3,420

There was no interest income recognized on non-accrual loans during the nine months ended September 30, 2020. See Note 1 for additional information on the Company's policies for non-accrual loans. Loans designated as non-accrual have all previously accrued but unpaid interest reversed from interest income. During the nine months ended September 30, 2020 new loans placed on non-accrual status totaled $30.5 million and the related amount of reversed uncollected accrued interest was $0.3 million.

The below section presents historical allowance for loan losses disclosures in line with the legacy disclosure requirements.

The following table provides information on the activity in the allowance for loan losses by the respective loan portfolio segment for the period indicated:


	For the Year Ended December 31, 2019
	Commercial Real Estate												Residential Real Estate
(Dollars in thousands)	Commercial Investor R/E			Commercial Owner- Occupied R/E			Commercial AD&C			Commercial Business			Residential Mortgage			Residential Construction			Consumer			Total
Balance at beginning of period	$	17,603		$	6,307		$	5,944		$	11,377		$	8,881		$	1,261		$	2,113		$	53,486
Provision (credit)	788			577			1,418			1,164			474			(302)			565			4,684
Charge-offs	—			—			—			(1,195)			(690)			—			(783)			(2,668)
Recoveries	16			—			228			49			138			8			191			630
Net recoveries (charge-offs)	16			—			228			(1,146)			(552)			8			(592)			(2,038)
Balance at end of period	$	18,407		$	6,884		$	7,590		$	11,395		$	8,803		$	967		$	2,086		$	56,132

Total loans	$	2,169,156		$	1,288,677		$	684,010		$	801,019		$	1,149,327		$	146,279		$	466,764		$	6,705,232
Allowance for loan losses to total loans ratio	0.85		%	0.53		%	1.11		%	1.42		%	0.77		%	0.66		%	0.45		%	0.84		%

Balance of loans specifically evaluated for impairment	$	9,212		$	4,148		$	829		$	8,867		$	1,717		$	—		$	—		$	24,773
Allowance for loans specifically evaluated for impairment	$	1,529		$	23		$	132		$	3,817		$	—		$	—		$	—		$	5,501
Specific allowance to specific loans ratio	16.60		%	0.55		%	15.92		%	43.05		%	—			—			—			22.21		%

Balance of loans collectively evaluated	$	2,150,400		$	1,284,529		$	683,181		$	789,613		$	1,147,602		$	146,279		$	465,771		$	6,667,375
Allowance for loans collectively evaluated	$	16,878		$	6,861		$	7,458		$	7,578		$	8,803		$	967		$	2,086		$	50,631
Collective allowance to collective loans ratio	0.78		%	0.53		%	1.09		%	0.96		%	0.77		%	0.66		%	0.45		%	0.76		%

Balance of loans acquired with deteriorated credit quality	$	9,544		$	—		$	—		$	2,539		$	8		$	—		$	993		$	13,084
Allowance for loans acquired with deteriorated credit quality	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Allowance to loan acquired with deteriorated credit quality ratio	—			—			—			—			—			—			—			—

The following tables present the recorded investment with respect to impaired loans, the associated allowance by the applicable portfolio segment and the unpaid contractual principal balance of the impaired loans:


	December 31, 2019
	Commercial Real Estate										Total Recorded Investment in Impaired Loans
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		All Other Loans
Impaired loans with a specific allowance:
Non-accruing	$	5,448	$	767	$	829	$	5,608	$	—	$	12,652
Restructured accruing	—		—		—		266		—		266
Restructured non-accruing	437		122		—		1,856		—		2,415
Balance	$	5,885	$	889	$	829	$	7,730	$	—	$	15,333

Allowance	$	1,529	$	23	$	132	$	3,817	$	—	$	5,501

Impaired loans without a specific allowance:
Non-accruing	$	2,552	$	1,522	$	—	$	114	$	—	$	4,188
Restructured accruing	775		—		—		151		1,444		2,370
Restructured non-accruing	—		1,737		—		872		273		2,882
Balance	$	3,327	$	3,259	$	—	$	1,137	$	1,717	$	9,440

Total impaired loans:
Non-accruing	$	8,000	$	2,289	$	829	$	5,722	$	—	$	16,840
Restructured accruing	775		—		—		417		1,444		2,636
Restructured non-accruing	437		1,859		—		2,728		273		5,297
Balance	$	9,212	$	4,148	$	829	$	8,867	$	1,717	$	24,773

Unpaid principal balance in total impaired loans	$	13,805	$	6,072	$	829	$	11,296	$	2,618	$	34,620


	December 31, 2019
	Commercial Real Estate										Total Recorded Investment in Impaired Loans
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		All Other Loans
Average impaired loans for the period	$	7,565	$	4,390	$	2,052	$	7,781	$	1,577	$	23,365
Contractual interest income due on impaired loans during the period	$	786	$	258	$	127	$	648	$	128	$	1,947

Interest income on impaired loans recognized on an accrual basis	$	39	$	—	$	—	$	62	$	68	$	169

Credit Quality

The following section provides information on the credit quality of the loan portfolio under the new CECL disclosure requirements:


	For the Nine Months Ended September 30, 2020
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Analysis of non-accrual loan activity:
Balance at beginning of period	$	8,437	$	4,148	$	829	$	8,450	$	12,661	$	—	$	4,107	$	38,632
PCD loans designated as non-accrual (1)	9,544		—		—		2,539		8		—		993		13,084
Loans placed on non-accrual	9,437		3,425		2,128		10,988		896		—		3,677		30,551
Non-accrual balances transferred to OREO	—		—		—		—		—		—		—		—
Non-accrual balances charged-off	(23)		—		—		(386)		(351)		—		(121)		(881)
Net payments or draws	(611)		(961)		(1,279)		(3,052)		(1,058)		—		(1,028)		(7,989)
Non-accrual loans brought current	—		(101)		—		(880)		(860)		—		(135)		(1,976)
Balance at end of period	$	26,784	$	6,511	$	1,678	$	17,659	$	11,296	$	—	$	7,493	$	71,421

(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.


	September 30, 2020
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Performing loans:
Current	$	3,555,815	$	1,643,589	$	991,086	$	2,198,943	$	1,155,016	$	169,766	$	507,336	$	10,221,551
30-59 days	4,181		2,108		1,634		8,862		5,197		3,167		5,039		30,188
60-89 days	1,198		—		402		620		967		2,190		2,130		7,507
Total performing loans	3,561,194		1,645,697		993,122		2,208,425		1,161,180		175,123		514,505		10,259,246
Non-performing loans:
Non-accrual loans	26,784		6,511		1,678		17,659		11,296		—		7,493		71,421
Loans greater than 90 days past due	—		—		—		93		320		—		1		414
Restructured loans	724		—		—		1,069		1,061		—		—		2,854
Total non-performing loans	27,508		6,511		1,678		18,821		12,677		—		7,494		74,689
Total loans	$	3,588,702	$	1,652,208	$	994,800	$	2,227,246	$	1,173,857	$	175,123	$	521,999	$	10,333,935

The credit quality indicators for commercial loans are developed through review of individual borrowers on an ongoing basis. Each borrower is evaluated at least annually with more frequent evaluation of more severely criticized loans. The indicators represent the rating for loans as of the date presented is based on the most recent credit review performed. These credit quality indicators are defined as follows:

Pass - A pass rated credit is not adversely classified because it does not display any of the characteristics for adverse classification.

Special mention – A special mention credit has potential weaknesses that deserve management’s close attention. If uncorrected, such weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard – A substandard loan is inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – A loan that is classified as doubtful has all the weaknesses inherent in a loan classified as substandard with added characteristics that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions and values.

Loss – Loans classified as a loss are considered uncollectible and of such little value that their continuing to be carried as a loan is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.

The following table provides information about credit quality indicators by the year of origination:


	September 30, 2020
	Term Loans by Origination Year												Revolving
(In thousands)	2020		2019		2018		2017		2016		Prior		Loans		Total
Commercial Investor R/E:
Pass	$	675,314	$	799,088	$	466,850	$	501,591	$	493,003	$	566,433	$	31,413	$	3,533,692
Special Mention	5,049		1,617		19,026		232		271		1,873		—		28,068
Substandard	494		3,020		—		7,101		682		15,645		—		26,942
Doubtful	—		—		—		—		—		—		—		—
Total	$	680,857	$	803,725	$	485,876	$	508,924	$	493,956	$	583,951	$	31,413	$	3,588,702

Commercial Owner-Occupied R/E:
Pass	$	207,879	$	392,597	$	248,942	$	203,649	$	209,218	$	356,393	$	1,812	$	1,620,490
Special Mention	2,324		4,124		5,505		5,381		137		5,307		—		22,778
Substandard	493		870		788		465		222		5,863		—		8,701
Doubtful	—		—		—		—		—		239		—		239
Total	$	210,696	$	397,591	$	255,235	$	209,495	$	209,577	$	367,802	$	1,812	$	1,652,208

Commercial AD&C:
Pass	$	356,246	$	292,303	$	169,833	$	62,582	$	6,711	$	2,377	$	83,756	$	973,808
Special Mention	1,710		—		—		13,658		—		—		—		15,368
Substandard	1,127		1,554		—		100		2,843		—		—		5,624
Doubtful	—		—		—		—		—		—		—		—
Total	$	359,083	$	293,857	$	169,833	$	76,340	$	9,554	$	2,377	$	83,756	$	994,800

Commercial Business:
Pass	$	1,190,428	$	215,772	$	149,231	$	97,275	$	37,641	$	88,653	$	410,116	$	2,189,116
Special Mention	249		3,517		1,462		18		1,467		2,210		4,365		13,288
Substandard	2,050		3,242		3,287		1,713		2,353		2,070		1,708		16,423
Doubtful	114		1,042		950		36		1,309		1,987		2,981		8,419
Total	$	1,192,841	$	223,573	$	154,930	$	99,042	$	42,770	$	94,920	$	419,170	$	2,227,246

Residential Mortgage:
Beacon score:
660-850	$	169,476	$	69,350	$	164,196	$	207,953	$	153,302	$	285,639	$	—	$	1,049,916
600-659	4,235		11,924		12,136		13,559		9,753		24,752		—		76,359
540-599	321		1,833		5,089		2,722		3,507		9,270		—		22,742
less than 540	391		1,739		6,049		1,367		2,769		12,525		—		24,840
Total	$	174,423	$	84,846	$	187,470	$	225,601	$	169,331	$	332,186	$	—	$	1,173,857

Residential Construction:
Beacon score:
660-850	$	79,897	$	66,861	$	19,900	$	3,963	$	1,736	$	—	$	—	$	172,357
600-659	987		904		—		—		369		—		—		2,260
540-599	—		—		—		—		—		—		—		—
less than 540	506		—		—		—		—		—		—		506
Total	$	81,390	$	67,765	$	19,900	$	3,963	$	2,105	$	—	$	—	$	175,123

Consumer:
Beacon score:
660-850	$	2,561	$	5,345	$	5,327	$	2,297	$	2,772	$	23,023	$	420,848	$	462,173
600-659	608		747		286		452		1,076		5,090		20,555		28,814
540-599	49		433		260		93		503		3,101		8,141		12,580
less than 540	742		521		608		1,053		761		3,113		11,634		18,432
Total	$	3,960	$	7,046	$	6,481	$	3,895	$	5,112	$	34,327	$	461,178	$	521,999

Total loans	$	2,703,250	$	1,878,403	$	1,279,725	$	1,127,260	$	932,405	$	1,415,563	$	997,329	$	10,333,935

The following section provides historical information on the credit quality of the loan portfolio under the legacy disclosure requirements:


	December 31, 2019
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Non-performing loans and assets:
Non-accrual loans	$	8,437	$	4,148	$	829	$	8,450	$	12,661	$	—	$	4,107	$	38,632
Loans 90 days past due	—		—		—		—		—		—		—		—
Restructured loans	775		—		—		417		1,080		—		364		2,636
Total non-performing loans	9,212		4,148		829		8,867		13,741		—		4,471		41,268
Other real estate owned	409		—		665		39		305		—		64		1,482
Total non-performing assets	$	9,621	$	4,148	$	1,494	$	8,906	$	14,046	$	—	$	4,535	$	42,750


	December 31, 2019
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Past due loans:
30-59 days	$	932	$	316	$	—	$	908	$	14,853	$	280	$	2,697	$	19,986
60-89 days	—		—		—		370		4,541		1,334		1,517		7,762
> 90 days	—		—		—		—		—		—		—		—
Total past due	932		316		—		1,278		19,394		1,614		4,214		27,748
Non-accrual loans	8,437		4,148		829		8,450		12,661		—		4,107		38,632
Loans acquired with deteriorated credit quality	9,544		—		—		2,539		8		—		993		13,084
Current loans	2,150,243		1,284,213		683,181		788,752		1,117,264		144,665		457,450		6,625,768
Total loans	$	2,169,156	$	1,288,677	$	684,010	$	801,019	$	1,149,327	$	146,279	$	466,764	$	6,705,232


	December 31, 2019
	Commercial Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Total
Pass	$	2,146,971	$	1,278,337	$	683,181	$	783,909	$	4,892,398
Special Mention	3,189		2,284		—		2,487		7,960
Substandard	18,996		8,056		829		14,623		42,504
Doubtful	—		—		—		—		—
Total	$	2,169,156	$	1,288,677	$	684,010	$	801,019	$	4,942,862


	December 31, 2019
	Residential Real Estate
(In thousands)	Residential Mortgage		Residential Construction		Consumer		Total
Performing	$	1,135,586	$	146,279	$	462,293	$	1,744,158
Non-performing:							—
90 days past due	—		—		—		—
Non-accruing	12,661		—		4,107		16,768
Restructured loans	1,080		—		364		1,444
Total	$	1,149,327	$	146,279	$	466,764	$	1,762,370

The following table provides the amounts of the restructured loans at the date of restructuring for specific segments of the loan portfolio during the period indicated:


	For the Nine Months Ended September 30, 2020
	Commercial Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		All Other Loans		Total
Troubled debt restructurings:
Restructured accruing	$	—	$	—	$	—	$	322	$	—	$	322
Restructured non-accruing	723		930		—		808		—		2,461
Balance	$	723	$	930	$	—	$	1,130	$	—	$	2,783

Specific allowance	$	49	$	19	$	—	$	867	$	—	$	935

Restructured and subsequently defaulted	$	—	$	—	$	—	$	—	$	—	$	—


	For the Year Ended December 31, 2019
	Commercial Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		All Other Loans		Total
Troubled debt restructurings:
Restructured accruing	$	775	$	—	$	—	$	170	$	364	$	1,309
Restructured non-accruing	789		—		—		261		—		1,050
Balance	$	1,564	$	—	$	—	$	431	$	364	$	2,359

Specific allowance	$	205	$	—	$	—	$	196	$	—	$	401

Restructured and subsequently defaulted	$	—	$	—	$	—	$	—	$	—	$	—

During the nine months ended September 30, 2020, the Company restructured $2.8 million in loans that were designated as TDRs. TDRs are subject to periodic credit reviews to determine the necessity and adequacy of an individual loan loss allowance based on the collectability of the recorded investment in the restructured loan. Loans restructured as TDRs during the nine months ended September 30, 2020 had individual reserves of $0.9 million. For the year ended December 31, 2019, the Company restructured $2.4 million in loans. Loans restructured as TDRs during 2019 had individual reserves of $0.4 million at December 31, 2019. During both the nine months ended September 30, 2020 and for the year ended December 31, 2019 TDR modifications consisted principally of interest rate concessions, and did not result in the reduction of the recorded investment in the associated loan balances. The commitments to lend additional funds on loans that have been restructured at September 30, 2020 and December 31, 2019 were not significant.

Other Real Estate Owned

Other real estate owned ("OREO") totaled $1.4 million and $1.5 million at September 30, 2020 and December 31, 2019, respectively. There was one consumer mortgage loan secured by residential real estate property in the total amount of $0.1 million for which formal foreclosure proceedings were in process as of September 30, 2020.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

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