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CREDIT QUALITY ASSESSMENT (Tables)
 6 Months Ended
Jun. 30, 2021
Credit Loss [Abstract]  
Summary Information On The Allowance For Credit Loss Activity
Summary information on the allowance for credit loss activity for the period indicated is provided in the following table:
 Six Months Ended June 30,
(In thousands)20212020
Balance at beginning of period$165,367 $56,132 
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/ (credit) for credit losses(38,912)83,155 
Loan charge-offs(3,485)(1,039)
Loan recoveries991 860 
Net charge-offs(2,494)(179)
Balance at period end$123,961 $163,481 
Activity in Allowance for Credit Losses or Loan and Lease Losses by Respective Loan Portfolio Segment
The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:
(In thousands)June 30, 2021December 31, 2020
Collateral dependent loans individually evaluated for credit loss with an allowance$53,007 $20,717 
Collateral dependent loans individually evaluated for credit loss without an allowance23,910 77,001 
Total individually evaluated collateral dependent loans$76,917 $97,718 
Allowance for credit losses related to loans evaluated individually$16,283 $11,405 
Allowance for credit losses related to loans evaluated collectively107,678 153,962 
Total allowance for credit losses$123,961 $165,367 
The following tables provide information on the activity in the allowance for credit losses by the respective loan portfolio segment for the period indicated:
 
 For the Six Months Ended June 30, 2021
 Commercial Real EstateResidential Real Estate 
(Dollars in thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Balance at beginning of period$57,404 $20,061 $22,157 $46,806 $11,295 $1,502 $6,142 $165,367 
Provision/ (credit) for credit losses(10,346)(6,471)4,665 (18,972)(4,214)(832)(2,742)(38,912)
Charge-offs— — — (3,291)— — (194)(3,485)
Recoveries171 — — 298 281 1 240 991 
Net recoveries (charge-offs)171 — — (2,993)281 1 46 (2,494)
Balance at end of period$47,229 $13,590 $26,822 $24,841 $7,362 $671 $3,446 $123,961 
Total loans$3,712,374 $1,687,843 $1,126,960 $1,974,366 $960,527 $172,869 $457,576 $10,092,515 
Allowance for credit losses to total loans ratio1.27 %0.81 %2.38 %1.26 %0.77 %0.39 %0.75 %1.23 %
Balance of loans individually evaluated for credit loss$42,072 $8,183 $14,489 $10,089 $1,724 $— $360 $76,917 
Allowance related to loans evaluated individually$6,893 $143 $2,352 $6,895 $— $— $— $16,283 
Individual allowance to loans evaluated individually ratio16.38 %1.75 %16.23 %68.34 %— %— %— %21.17 %
Balance of loans collectively evaluated for credit loss$3,670,302 $1,679,660 $1,112,471 $1,964,277 $958,803 $172,869 $457,216 $10,015,598 
Allowance related to loans evaluated collectively$40,336 $13,447 $24,470 $17,946 $7,362 $671 $3,446 $107,678 
Collective allowance to loans evaluated collectively ratio1.10 %0.80 %2.20 %0.91 %0.77 %0.39 %0.75 %1.08 %

 For the Year Ended December 31, 2020
 Commercial Real EstateResidential Real Estate 
(Dollars in thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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 3261,114 — — 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 loans7,973 2,782 1,248 6,289 243 6 87 18,628 
Provision for credit losses33,431 10,008 10,743 24,374 3,016 798 3,299 85,669 
Charge-offs(411)— — (491)(484)— (433)(1,819)
Recoveries15 — — 702 105 6 184 1,012 
Net recoveries (charge-offs)(396)— — 211 (379)6 (249)(807)
Balance at end of period$57,404 $20,061 $22,157 $46,806 $11,295 $1,502 $6,142 $165,367 
Total loans$3,634,720 $1,642,216 $1,050,973 $2,267,548 $1,105,179 $182,619 $517,254 $10,400,509 
Allowance for credit losses to total loans ratio1.58 %1.22 %2.11 %2.06 %1.02 %0.82 %1.19 %1.59 %
Balance of loans individually evaluated for credit loss$45,227 $11,561 $15,044 $23,648 $1,874 $— $364 $97,718 
Allowance related to loans evaluated individually$1,273 $— $603 $9,529 $— $— $— $11,405 
Individual allowance to loans evaluated individually ratio2.81 %— %4.01 %40.30 %— %— %— %11.67 %
Balance of loans collectively evaluated for credit loss$3,589,493 $1,630,655 $1,035,929 $2,243,900 $1,103,305 $182,619 $516,890 $10,302,791 
Allowance related to loans evaluated collectively$56,131 $20,061 $21,554 $37,277 $11,295 $1,502 $6,142 $153,962 
Collective allowance to loans evaluated collectively ratio1.56 %1.23 %2.08 %1.66 %1.02 %0.82 %1.19 %1.49 %
Schedule Of Collateral Dependent Loans Individually Evaluated For Credit Loss With The Associated Allowances
The following tables present collateral dependent loans individually evaluated for credit loss with the associated allowances for credit losses by the applicable portfolio segment and for the periods indicated:
 June 30, 2021
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Loans individually evaluated for
credit loss with an allowance:
        
Non-accruing$28,046 $883 $14,489 $6,635 $— $— $— $50,053 
Restructured accruing— — — 546 — — — 546 
Restructured non-accruing336 — — 2,072 — — — 2,408 
Balance$28,382 $883 $14,489 $9,253 $— $— $— $53,007 
 
Allowance$6,893 $143 $2,352 $6,895 $— $— $— $16,283 
 
Loans individually evaluated for
credit loss without an allowance:
Non-accruing$5,677 $3,177 $— $303 $— $— $— $9,157 
Restructured accruing— — — 108 1,574 — — 1,682 
Restructured non-accruing8,013 4,123 — 425 150 — 360 13,071 
Balance$13,690 $7,300 $— $836 $1,724 $— $360 $23,910 
 
Total individually evaluated loans:
Non-accruing$33,723 $4,060 $14,489 $6,938 $— $— $— $59,210 
Restructured accruing— — — 654 1,574 — — 2,228 
Restructured non-accruing8,349 4,123 — 2,497 150 — 360 15,479 
Balance$42,072 $8,183 $14,489 $10,089 $1,724 $— $360 $76,917 
 
Total unpaid contractual principal
balance
$47,061 $10,214 $15,696 $11,744 $2,800 $— $364 $87,879 
 December 31, 2020
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Loans individually evaluated for
credit loss with an allowance:
        
Non-accruing$4,913 $— $1,328 $11,178 $— $— $— $17,419 
Restructured accruing— — — 589 — — — 589 
Restructured non-accruing699 — — 2,010 — — — 2,709 
Balance$5,612 $— $1,328 $13,777 $— $— $— $20,717 
 
Allowance$1,273 $— $603 $9,529 $— $— $— $11,405 
 
Loans individually evaluated for
credit loss without an allowance:
Non-accruing$39,615 $9,315 $13,716 $9,118 $— $— $— $71,764 
Restructured accruing— — — 126 1,602 — — 1,728 
Restructured non-accruing— 2,246 — 627 272 — 364 3,509 
Balance$39,615 $11,561 $13,716 $9,871 $1,874 $— $364 $77,001 
 
Total individually evaluated loans:
Non-accruing$44,528 $9,315 $15,044 $20,296 $— $— $— $89,183 
Restructured accruing— — — 715 1,602 — — 2,317 
Restructured non-accruing699 2,246 — 2,637 272 — 364 6,218 
Balance$45,227 $11,561 $15,044 $23,648 $1,874 $— $364 $97,718 
 
Total unpaid contractual principal
balance
$49,920 $15,309 $16,040 $30,958 $3,225 $— $364 $115,816 
Table Of Average Principal Balance Of The Total Non-Accrual Loans, Contractual Interest Due And Interest Income
The following tables present average principal balance of total non-accrual loans and contractual interest due on non-accrual loans for the periods indicated below:
 For the Six Months Ended June 30, 2021
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Average non-accrual loans for the period$43,358 $9,353 $14,836 $15,172 $9,748 $21 $7,432 $99,920 
Contractual interest income due on non-
accrual loans during the period
$1,221 $361 $519 $409 $218 $1 $213 $2,942 

 For the Year Ended December 31, 2020
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Average non-accrual loans for the period$26,849 $6,605 $4,267 $16,532 $11,634 $— $6,675 $72,562 
Contractual interest income due on non-
accrual loans during the period
$6,547 $2,741 $4,505 $2,858 $918 $— $732 $18,301 
Schedule Of Information On The Credit Quality Of Loan Portfolio Under The New CECL
The following section provides information on the credit quality of the loan portfolio for the periods indicated below:
 For the Six Months Ended June 30, 2021
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Analysis of non-accrual loan activity:        
Balance at beginning of period$45,227 $11,561 $15,044 $22,933 $10,212 $— $7,384 $112,361 
Loans placed on non-accrual161 222 — 161 319 62 1,011 1,936 
Non-accrual balances transferred to OREO— (257)— — — — — (257)
Non-accrual balances charged-off— — — (2,768)— — (97)(2,865)
Net payments or draws(3,316)(3,343)(555)(10,891)(1,091)— (525)(19,721)
Non-accrual loans brought current— — — — — — (55)(55)
Balance at end of period$42,072 $8,183 $14,489 $9,435 $9,440 $62 $7,718 $91,399 


 For the Year Ended December 31, 2020
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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-accrual37,882 8,572 15,844 17,442 1,485 — 4,061 85,286 
Non-accrual balances transferred to OREO— — — — (70)— — (70)
Non-accrual balances charged-off(411)— — (446)(416)— (121)(1,394)
Net payments or draws(10,225)(1,059)(1,629)(4,169)(2,598)— (1,521)(21,201)
Non-accrual loans brought current— (100)— (883)(858)— (135)(1,976)
Balance at end of period$45,227 $11,561 $15,044 $22,933 $10,212 $— $7,384 $112,361 
(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, 2021
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Performing loans:        
Current$3,654,645 $1,670,611 $1,111,398 $1,961,950 $939,365 $170,078 $446,936 $9,954,983 
30-59 days10,608 8,874 1,073 980 8,577 2,729 1,658 34,499 
60-89 days5,049 175 — 1,347 891 — 1,264 8,726 
Total performing loans3,670,302 1,679,660 1,112,471 1,964,277 948,833 172,807 449,858 9,998,208 
Non-performing loans:
Non-accrual loans42,072 8,183 14,489 9,435 9,440 62 7,718 91,399 
Loans greater than 90 days past due— — — — 680 — — 680 
Restructured loans— — — 654 1,574 — — 2,228 
Total non-performing loans42,072 8,183 14,489 10,089 11,694 62 7,718 94,307 
Total loans$3,712,374 $1,687,843 $1,126,960 $1,974,366 $960,527 $172,869 $457,576 $10,092,515 
 December 31, 2020
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Performing loans:        
Current$3,571,184 $1,624,265 $1,033,057 $2,238,617 $1,073,963 $182,557 $502,548 $10,226,191 
30-59 days14,046 6,390 29 4,859 16,213 — 5,275 46,812 
60-89 days4,130 — 2,843 263 2,709 62 2,047 12,054 
Total performing loans3,589,360 1,630,655 1,035,929 2,243,739 1,092,885 182,619 509,870 10,285,057 
Non-performing loans:
Non-accrual loans45,227 11,561 15,044 22,933 10,212 — 7,384 112,361 
Loans greater than 90 days past due133 — — 161 480 — — 774 
Restructured loans— — — 715 1,602 — — 2,317 
Total non-performing loans45,360 11,561 15,044 23,809 12,294 — 7,384 115,452 
Total loans$3,634,720 $1,642,216 $1,050,973 $2,267,548 $1,105,179 $182,619 $517,254 $10,400,509 
Information About Credit Quality Indicator By The Year Of Origination
The following table provides information about credit quality indicators by the year of origination as of June 30, 2021:
 June 30, 2021
 Term Loans by Origination YearRevolving 
(In thousands)20212020201920182017PriorLoansTotal
Commercial Investor R/E:        
Pass$445,234 $837,394 $659,832 $434,564 $407,337 $824,680 $20,961 $3,630,002 
Special Mention12,074 5,028 4,286 889 691 6,924 — 29,892 
Substandard437 790 3,873 13,385 27,460 6,535 — 52,480 
Doubtful— — — — — — — — 
Total$457,745 $843,212 $667,991 $448,838 $435,488 $838,139 $20,961 $3,712,374 
Commercial Owner-Occupied R/E:
Pass$174,593 $277,935 $361,319 $209,427 $179,484 $445,113 $4,768 $1,652,639 
Special Mention165 1,557 6,232 3,552 4,532 5,225 — 21,263 
Substandard84 2,676 4,298 1,980 364 4,539 — 13,941 
Doubtful— — — — — — — — 
Total$174,842 $282,168 $371,849 $214,959 $184,380 $454,877 $4,768 $1,687,843 
Commercial AD&C:
Pass$302,047 $269,575 $239,588 $109,646 $28,937 $— $158,459 $1,108,252 
Special Mention2,570 — — 547 — — — 3,117 
Substandard1,102 283 577 — 13,629 — — 15,591 
Doubtful— — — — — — — — 
Total$305,719 $269,858 $240,165 $110,193 $42,566 $— $158,459 $1,126,960 
Commercial Business:
Pass$559,223 $577,379 $163,585 $118,807 $71,789 $66,379 $382,742 $1,939,904 
Special Mention124 2,265 8,367 1,584 1,097 754 3,765 17,956 
Substandard1,388 4,460 2,959 716 822 4,347 1,814 16,506 
Doubtful— — — — — — — — 
Total$560,735 $584,104 $174,911 $121,107 $73,708 $71,480 $388,321 $1,974,366 
Residential Mortgage:
Beacon score:
660-850$93,112 $191,251 $63,010 $88,781 $132,504 $284,225 $— $852,883 
600-6599,930 4,662 7,327 7,418 4,490 26,584 — 60,411 
540-599— 997 3,339 4,057 2,429 12,502 — 23,324 
less than 5401,515 5,321 620 4,191 1,518 10,744 — 23,909 
Total$104,557 $202,231 $74,296 $104,447 $140,941 $334,055 $— $960,527 
Residential Construction:
Beacon score:
660-850$49,809 $81,594 $20,886 $12,429 $1,248 $1,848 $— $167,814 
600-659244 1,646 1,559 566 — 431 — 4,446 
540-599— — — — — — — — 
less than 540609 — — — — — — 609 
Total$50,662 $83,240 $22,445 $12,995 $1,248 $2,279 $— $172,869 
Consumer:
Beacon score:
660-850$2,642 $1,824 $3,209 $3,051 $922 $29,345 $370,212 $411,205 
600-65981 123 716 677 149 6,419 14,128 22,293 
540-599285 28 105 112 381 2,790 6,176 9,877 
less than 54058 716 146 560 39 3,582 9,100 14,201 
Total$3,066 $2,691 $4,176 $4,400 $1,491 $42,136 $399,616 $457,576 
Total loans$1,657,326 $2,267,504 $1,555,833 $1,016,939 $879,822 $1,742,966 $972,125 $10,092,515 
 The following table provides information about credit quality indicators by the year of origination as of December 31, 2020:
 December 31, 2020
 Term Loans by Origination YearRevolving 
(In thousands)20202019201820172016PriorLoansTotal
Commercial Investor R/E:        
Pass$910,426 $763,214 $448,406 $448,698 $469,077 $498,384 $33,531 $3,571,736 
Special Mention11,044 — 4,879 833 269 27 — 17,052 
Substandard589 4,245 13,649 20,619 673 6,157 — 45,932 
Doubtful— — — — — — — — 
Total$922,059 $767,459 $466,934 $470,150 $470,019 $504,568 $33,531 $3,634,720 
Commercial Owner-Occupied R/E:
Pass$285,310 $385,058 $234,578 $192,634 $204,925 $306,840 $1,664 $1,611,009 
Special Mention2,290 — 3,027 4,742 134 4,079 — 14,272 
Substandard1,610 4,335 2,065 465 219 8,009 — 16,703 
Doubtful— — — — — 232 — 232 
Total$289,210 $389,393 $239,670 $197,841 $205,278 $319,160 $1,664 $1,642,216 
Commercial AD&C:
Pass$485,631 $261,537 $149,703 $50,192 $89 $2,357 $80,764 $1,030,273 
Special Mention1,711 — — — — — — 1,711 
Substandard1,439 891 — 13,816 2,843 — — 18,989 
Doubtful— — — — — — — — 
Total$488,781 $262,428 $149,703 $64,008 $2,932 $2,357 $80,764 $1,050,973 
Commercial Business:
Pass$1,244,822 $208,682 $138,861 $86,830 $34,498 $81,760 $433,016 $2,228,469 
Special Mention1,929 1,382 1,119 708 309 621 4,319 10,387 
Substandard2,914 4,564 3,519 1,631 2,745 3,456 1,829 20,658 
Doubtful106 995 849 36 1,284 1,852 2,912 8,034 
Total$1,249,771 $215,623 $144,348 $89,205 $38,836 $87,689 $442,076 $2,267,548 
Residential Mortgage:
Beacon score:
660-850$229,033 $74,054 $138,824 $172,493 $129,701 $251,065 $— $995,170 
600-6594,824 7,706 10,763 11,719 8,173 21,424 — 64,609 
540-599350 1,238 5,219 2,608 4,791 10,167 — 24,373 
less than 5402,702 2,108 3,576 2,150 892 9,599 — 21,027 
Total$236,909 $85,106 $158,382 $188,970 $143,557 $292,255 $— $1,105,179 
Residential Construction:
Beacon score:
660-850$112,604 $44,647 $14,543 $2,805 $1,693 $— $172 $176,464 
600-6591,743 3,189 — — — — — 4,932 
540-599— — — — 369 — — 369 
less than 540854 — — — — — — 854 
Total$115,201 $47,836 $14,543 $2,805 $2,062 $— $172 $182,619 
Consumer:
Beacon score:
660-850$2,575 $4,609 $5,112 $2,110 $2,614 $24,444 $417,737 $459,201 
600-659374 445 334 428 467 5,401 21,052 28,501 
540-59989 1,216 294 339 601 3,926 6,153 12,618 
less than 540751 160 525 785 532 2,826 11,355 16,934 
Total$3,789 $6,430 $6,265 $3,662 $4,214 $36,597 $456,297 $517,254 
Total loans$3,305,720 $1,774,275 $1,179,845 $1,016,641 $866,898 $1,242,626 $1,014,504 $10,400,509 
Restructured Loans for Specific Segments of Loan Portfolio
The following table provides the amounts of the restructured loans at the date of restructuring for specific segments of the loan portfolio during the period indicated:
 For the Six Months Ended June 30, 2021
 Commercial Real Estate  
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		All
Other
Loans		Total
Troubled debt restructurings:      
Restructured accruing$— $— $— $— $— $— 
Restructured non-accruing8,012 2,000 — 726 — 10,738 
Balance$8,012 $2,000 $— $726 $— $10,738 
Individual allowance$— $— $— $216 $— $216 
Restructured and subsequently defaulted$— $— $— $— $— $— 
 
 For the Year Ended December 31, 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$— $— $— $380 $549 $929 
Restructured non-accruing723 930 — 1,951 — 3,604 
Balance$723 $930 $— $2,331 $549 $4,533 
Individual allowance$65 $— $— $955 $— $1,020 
Restructured and subsequently defaulted$— $— $— $— $— $—