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CREDIT QUALITY ASSESSMENT (Tables)
 9 Months Ended
Sep. 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:
 Nine Months Ended September 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(47,141)90,158 
Loan charge-offs(11,496)(1,255)
Loan recoveries1,190 906 
Net charge-offs(10,306)(349)
Balance at period end$107,920 $170,314 
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)September 30, 2021December 31, 2020
Collateral dependent loans individually evaluated for credit loss with an allowance$10,592 $20,717 
Collateral dependent loans individually evaluated for credit loss without an allowance27,831 77,001 
Total individually evaluated collateral dependent loans$38,423 $97,718 
Allowance for credit losses related to loans evaluated individually$7,537 $11,405 
Allowance for credit losses related to loans evaluated collectively100,383 153,962 
Total allowance for credit losses$107,920 $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 Nine Months Ended September 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(15,822)(8,165)8,538 (20,721)(6,607)(849)(3,515)(47,141)
Charge-offs(5,802)(136)(2,007)(3,315)— — (236)(11,496)
Recoveries176 — — 375 330 3 306 1,190 
Net recoveries (charge-offs)(5,626)(136)(2,007)(2,940)330 3 70 (10,306)
Balance at end of period$35,956 $11,760 $28,688 $23,145 $5,018 $656 $2,697 $107,920 
Total loans$3,743,698 $1,661,092 $1,177,949 $1,594,528 $911,997 $181,319 $450,765 $9,721,348 
Allowance for credit losses to total loans ratio0.96 %0.71 %2.44 %1.45 %0.55 %0.36 %0.60 %1.11 %
Balance of loans individually evaluated for credit loss$15,386 $9,854 $1,022 $10,088 $1,716 $— $357 $38,423 
Allowance related to loans evaluated individually$203 $— $509 $6,825 $— $— $— $7,537 
Individual allowance to loans evaluated individually ratio1.32 %— %49.80 %67.65 %— %— %— %19.62 %
Balance of loans collectively evaluated for credit loss$3,728,312 $1,651,238 $1,176,927 $1,584,440 $910,281 $181,319 $450,408 $9,682,925 
Allowance related to loans evaluated collectively$35,753 $11,760 $28,179 $16,320 $5,018 $656 $2,697 $100,383 
Collective allowance to loans evaluated collectively ratio0.96 %0.71 %2.39 %1.03 %0.55 %0.36 %0.60 %1.04 %

 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:
 September 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$808 $— $1,022 $6,760 $— $— $— $8,590 
Restructured accruing— — — 529 — — — 529 
Restructured non-accruing336 — — 1,137 — — — 1,473 
Balance$1,144 $— $1,022 $8,426 $— $— $— $10,592 
 
Allowance$203 $— $509 $6,825 $— $— $— $7,537 
 
Loans individually evaluated for
credit loss without an allowance:
Non-accruing$4,731 $5,318 $— $400 $— $— $— $10,449 
Restructured accruing— — — 105 1,565 — — 1,670 
Restructured non-accruing9,511 4,536 — 1,157 151 — 357 15,712 
Balance$14,242 $9,854 $— $1,662 $1,716 $— $357 $27,831 
 
Total individually evaluated loans:
Non-accruing$5,539 $5,318 $1,022 $7,160 $— $— $— $19,039 
Restructured accruing— — — 634 1,565 — — 2,199 
Restructured non-accruing9,847 4,536 — 2,294 151 — 357 17,185 
Balance$15,386 $9,854 $1,022 $10,088 $1,716 $— $357 $38,423 
 
Total unpaid contractual principal
balance
$24,990 $11,867 $1,090 $11,912 $2,792 $— $364 $53,015 
 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 Nine Months Ended September 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$36,365 $9,479 $11,383 $13,742 $9,689 $31 $7,530 $88,219 
Contractual interest income due on non-
accrual loans during the period
$1,825 $645 $565 $847 $312 $2 $320 $4,516 

 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 Nine Months Ended September 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-accrual699 3,676 49 963 687 62 1,499 7,635 
Non-accrual balances transferred to OREO— (257)— — — — — (257)
Non-accrual balances charged-off(5,803)(136)(2,007)(2,793)— — (100)(10,839)
Net payments or draws(24,737)(4,990)(12,064)(11,649)(1,328)— (676)(55,444)
Non-accrual loans brought current— — — — (60)— (281)(341)
Balance at end of period$15,386 $9,854 $1,022 $9,454 $9,511 $62 $7,826 $53,115 


 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
 September 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$3,692,293 $1,646,076 $1,169,583 $1,579,499 $888,345 $180,496 $436,972 $9,593,264 
30-59 days10,984 — — 4,461 11,501 761 4,574 32,281 
60-89 days10,205 5,162 — 480 396 — 1,393 17,636 
Total performing loans3,713,482 1,651,238 1,169,583 1,584,440 900,242 181,257 442,939 9,643,181 
Non-performing loans:
Non-accrual loans15,386 9,854 1,022 9,454 9,511 62 7,826 53,115 
Loans greater than 90 days past due14,830 — 7,344 — 679 — — 22,853 
Restructured loans— — — 634 1,565 — — 2,199 
Total non-performing loans30,216 9,854 8,366 10,088 11,755 62 7,826 78,167 
Total loans$3,743,698 $1,661,092 $1,177,949 $1,594,528 $911,997 $181,319 $450,765 $9,721,348 
 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 September 30, 2021:
 September 30, 2021
 Term Loans by Origination YearRevolving 
(In thousands)20212020201920182017PriorLoansTotal
Commercial Investor R/E:        
Pass$764,573 $782,273 $613,930 $408,936 $370,635 $723,877 $22,226 $3,686,450 
Special Mention2,283 4,980 4,276 602 684 6,924 — 19,749 
Substandard13,032 592 4,320 8,653 10,064 838 — 37,499 
Doubtful— — — — — — — — 
Total$779,888 $787,845 $622,526 $418,191 $381,383 $731,639 $22,226 $3,743,698 
Commercial Owner-Occupied R/E:
Pass$267,459 $258,309 $326,143 $199,446 $174,397 $394,812 $4,755 $1,625,321 
Special Mention160 1,519 4,301 2,721 4,492 9,210 — 22,403 
Substandard1,237 2,585 4,134 2,280 359 2,773 — 13,368 
Doubtful— — — — — — — — 
Total$268,856 $262,413 $334,578 $204,447 $179,248 $406,795 $4,755 $1,661,092 
Commercial AD&C:
Pass$373,212 $248,812 $240,404 $106,188 $28,985 $— $169,051 $1,166,652 
Special Mention9,286 — — — — — 989 10,275 
Substandard49 390 577 — 6 — — 1,022 
Doubtful— — — — — — — — 
Total$382,547 $249,202 $240,981 $106,188 $28,991 $— $170,040 $1,177,949 
Commercial Business:
Pass$532,473 $245,034 $151,622 $110,341 $66,806 $61,688 $389,218 $1,557,182 
Special Mention109 2,247 7,634 1,711 673 554 8,094 21,022 
Substandard1,846 3,995 2,740 997 1,102 3,874 1,770 16,324 
Doubtful— — — — — — — — 
Total$534,428 $251,276 $161,996 $113,049 $68,581 $66,116 $399,082 $1,594,528 
Residential Mortgage:
Beacon score:
660-850$137,853 $170,633 $54,052 $81,896 $118,267 $255,214 $— $817,915 
600-6599,209 4,443 4,375 7,036 4,063 23,653 — 52,779 
540-599499 1,379 1,822 4,737 2,469 10,596 — 21,502 
less than 540985 5,184 1,759 1,727 653 9,493 — 19,801 
Total$148,546 $181,639 $62,008 $95,396 $125,452 $298,956 $— $911,997 
Residential Construction:
Beacon score:
660-850$95,213 $65,743 $9,013 $6,130 $1,248 $1,160 $— $178,507 
600-659195 — 1,189 — — 396 — 1,780 
540-599— — — — — — — — 
less than 5401,032 — — — — — — 1,032 
Total$96,440 $65,743 $10,202 $6,130 $1,248 $1,556 $— $181,319 
Consumer:
Beacon score:
660-850$3,312 $1,441 $3,531 $3,632 $1,571 $29,118 $367,144 $409,749 
600-659220 196 329 591 481 5,278 14,135 21,230 
540-599104 15 241 186 161 2,563 6,165 9,435 
less than 540120 56 604 473 67 2,305 6,726 10,351 
Total$3,756 $1,708 $4,705 $4,882 $2,280 $39,264 $394,170 $450,765 
Total loans$2,214,461 $1,799,826 $1,436,996 $948,283 $787,183 $1,544,326 $990,273 $9,721,348 
 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 $10,400,509 
Restructured Loans for Specific Segments of Loan Portfolio
The following table provides the amounts of the restructured loans at the date of restructuring for specific segments of the loan portfolio during the period indicated:
 For the Nine Months Ended September 30, 2021
 Commercial Real Estate  
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		All
Other
Loans		Total
Troubled debt restructurings:      
Restructured accruing$— $— $— $— $— $— 
Restructured non-accruing9,594 3,157 — 726 — 13,477 
Balance$9,594 $3,157 $— $726 $— $13,477 
Individual allowance$— $— $— $214 $— $214 
Restructured and subsequently defaulted$— $— $— $— $— $— 
 
 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 $— $1,020 
Restructured and subsequently defaulted$— $— $— $— $— $—