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CREDIT QUALITY ASSESSMENT
 12 Months Ended
Dec. 31, 2021
Credit Loss [Abstract]  
CREDIT QUALITY ASSESSMENT CREDIT QUALITY ASSESSMENT
Allowance for Credit Losses
Summary information on the allowance for credit loss activity for the years ended December 31 is provided in the following table:

(In thousands)202120202019
Balance at beginning of year$165,367 $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 Revere PCD loans— 18,628 — 
Provision/ (credit) for credit losses(45,556)85,669 4,684 
Loan charge-offs(12,313)(1,819)(2,668)
Loan recoveries1,647 1,012 630 
Net charge-offs(10,666)(807)(2,038)
Balance at period end$109,145 $165,367 $56,132 
The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:
(In thousands)20212020
Collateral dependent loans individually evaluated for credit loss with an allowance$9,510 $20,717 
Collateral dependent loans individually evaluated for credit loss without an allowance24,024 77,001 
Total individually evaluated collateral dependent loans$33,534 $97,718 
Allowance for credit losses related to loans evaluated individually$6,593 $11,405 
Allowance for credit losses related to loans evaluated collectively102,552 153,962 
Total allowance for credit losses$109,145 $165,367 
The following tables provide information on the activity in the allowance for credit losses by the respective loan portfolio segment for the years ended December 31:

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
Balance as of December 31, 2020
$57,404 $20,061 $22,157 $46,806 $11,295 $1,502 $6,142 $165,367 
Provision/ (credit)(6,598)(8,238)172 (20,132)(6,321)(459)(3,980)(45,556)
Charge-offs(5,802)(136)(2,007)(4,069)— — (299)(12,313)
Recoveries285 — — 565 410 5 382 1,647 
Net (charge-offs)/ recoveries(5,517)(136)(2,007)(3,504)410 5 83 (10,666)
Balance at end of period$45,289 $11,687 $20,322 $23,170 $5,384 $1,048 $2,245 $109,145 
Total loans$4,141,346 $1,690,881 $1,088,094 $1,481,834 $937,570 $197,652 $429,714 $9,967,091 
Allowance for credit losses to total loans ratio1.09 %0.69 %1.87 %1.56 %0.57 %0.53 %0.52 %1.10 %
Average loans$3,689,769 $1,661,015 $1,110,420 $1,952,537 $979,754 $178,171 $463,200 $10,034,866 
Net charge-offs/ (recoveries) to average loans0.15 %0.01 %0.18 %0.18 %(0.04)%— %(0.02)%0.11 %
Balance of loans individually evaluated for credit loss$12,489 $9,306 $650 $9,033 $1,704 $— $352 $33,534 
Allowance related to loans evaluated individually$213 $79 $504 $5,797 $— $— $— $6,593 
Individual allowance to loans evaluated individually ratio1.71 %0.85 %77.54 %64.18 %— %— %— %19.66 %
Balance of loans collectively evaluated for credit loss$4,128,857 $1,681,575 $1,087,444 $1,472,801 $935,866 $197,652 $429,362 $9,933,557 
Allowance related to loans evaluated collectively$45,076 $11,608 $19,818 $17,373 $5,384 $1,048 $2,245 $102,552 
Collective allowance to loans evaluated collectively ratio1.09 %0.69 %1.82 %1.18 %0.58 %0.53 %0.52 %1.03 %

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
Balance as of December 31, 2019
$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 Revere PCD loans7,973 2,782 1,248 6,289 243 6 87 18,628 
Provision33,431 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 (charge-offs)/ recoveries(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 %
Average loans$3,210,527 $1,560,223 $906,414 $1,781,197 $1,168,668 $165,567 $524,897 $9,317,493 
Net charge-offs/ (recoveries) to average loans0.01 %— %— %(0.01)%0.03 %— %0.05 %0.01 %
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 %
The following table presents collateral dependent loans individually evaluated for credit losses with the associated allowances for credit losses by the applicable portfolio segment:

2021
Commercial Real EstateResidential Real EstateTotal
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
Loans individually evaluated for credit losses with an allowance:
Non-accruing$808 $79 $650 $4,849 $— $— $— $6,386 
Restructured accruing— — — 613 — — — 613 
Restructured non-accruing336 — — 2,175 — — — 2,511 
Balance$1,144 $79 $650 $7,637 $— $— $— $9,510 
Allowance$213 $79 $504 $5,797 $— $— $— $6,593 
Loans individually evaluated for credit losses without an allowance:
Non-accruing$3,498 $4,775 $— $434 $— $— $— $8,707 
Restructured accruing— — — — 1,554 — — 1,554 
Restructured non-accruing7,847 4,452 — 962 150 — 352 13,763 
Balance$11,345 $9,227 $— $1,396 $1,704 $— $352 $24,024 
Total individually evaluated loans:
Non-accruing$4,306 $4,854 $650 $5,283 $— $— $— $15,093 
Restructured accruing— — — 613 1,554 — — 2,167 
Restructured non-accruing8,183 4,452 — 3,137 150 — 352 16,274 
Balance$12,489 $9,306 $650 $9,033 $1,704 $— $352 $33,534 
Unpaid contractual principal balance$12,857 $11,132 $695 $10,573 $2,778 $— $364 $38,399 
2020
Commercial Real EstateResidential Real EstateTotal
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
Loans individually evaluated for credit losses 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 losses 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 
Unpaid contractual principal balance$49,920 $15,309 $16,040 $30,958 $3,225 $— $364 $115,816 

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

2021
Commercial Real EstateResidential Real EstateTotal

(In thousands)
Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
Average non-accrual loans for the period$31,590 $9,444 $9,236 $12,678 $9,439 $36 $7,369 $79,792 
Contractual interest income due on non-accrual loans during the period$2,169 $555 $597 $1,096 $271 $2 $402 $5,092 

2020
Commercial Real EstateResidential Real EstateTotal

(In thousands)
Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
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 

There was no interest income recognized on non-accrual loans during the year ended December 31, 2021. 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 year ended December 31, 2021, new loans placed on non-accrual status totaled $8.1 million and the related amount of reversed uncollected accrued interest was $0.2 million.
Credit Quality
The following tables provide information on the credit quality of the loan portfolio by segment at December 31 for the years indicated:

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 1,339 695 62 1,626 8,146 
Non-accrual balances transferred to OREO— (257)— — — — — (257)
Non-accrual balances charged-off(5,803)(136)(2,007)(3,547)— — (100)(11,593)
Net payments or draws(26,813)(5,538)(12,436)(12,305)(2,406)(7)(1,725)(61,230)
Non-accrual loans brought current(821)— — — (60)— (460)(1,341)
Balance at end of period$12,489 $9,306 $650 $8,420 $8,441 $55 $6,725 $46,086 

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.


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		Consumer


Total
Performing loans:
Current$4,127,009 $1,680,635 $1,085,642 $1,471,669 $919,199 $197,597 $419,558 $9,901,309 
30-59 days1,656 86 1,802 753 5,157 — 3,021 12,475 
60-89 days192 854 — 379 2,662 — 410 4,497 
Total performing loans4,128,857 1,681,575 1,087,444 1,472,801 927,018 197,597 422,989 9,918,281 
Non-performing loans:
Non-accrual loans12,489 9,306 650 8,420 8,441 55 6,725 46,086 
Loans greater than 90 days past due— — — — 557 — — 557 
Restructured loans— — — 613 1,554 — — 2,167 
Total non-performing loans12,489 9,306 650 9,033 10,552 55 6,725 48,810 
Total loans$4,141,346 $1,690,881 $1,088,094 $1,481,834 $937,570 $197,652 $429,714 $9,967,091 
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		Consumer

Total
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 

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 tables provide information about credit quality indicators by the year of origination:
 2021
 Term Loans by Origination YearRevolving 
(In thousands)20212020201920182017PriorLoansTotal
Commercial Investor R/E:        
Pass$1,391,969 $748,236 $616,761 $357,640 $328,327 $633,913 $19,239 $4,096,085 
Special Mention2,210 510 4,646 596 2,204 10,438 — 20,604 
Substandard807 336 4,308 8,568 10,064 574 — 24,657 
Doubtful— — — — — — — — 
Total$1,394,986 $749,082 $625,715 $366,804 $340,595 $644,925 $19,239 $4,141,346 
Current period gross charge-offs$— $— $— $903 $3,975 $924 $— $5,802 
Commercial Owner-Occupied R/E:
Pass$360,169 $254,350 $319,348 $178,416 $172,354 $363,685 $1,149 $1,649,471 
Special Mention156 1,476 4,388 9,035 4,456 9,106 — 28,617 
Substandard1,968 1,800 4,028 2,265 354 2,378 — 12,793 
Doubtful— — — — — — — — 
Total$362,293 $257,626 $327,764 $189,716 $177,164 $375,169 $1,149 $1,690,881 
Current period gross charge-offs$— $— $— $136 $— $— $— $136 
Commercial AD&C:
Pass$454,207 $226,332 $148,260 $87,934 $13,938 $— $152,896 $1,083,567 
Special Mention2,888 — — — — — 989 3,877 
Substandard349 — 301 — — — — 650 
Doubtful— — — — — — — — 
Total$457,444 $226,332 $148,561 $87,934 $13,938 $— $153,885 $1,088,094 
Current period gross charge-offs$— $— $— $— $2,007 $— $— $2,007 
Commercial Business:
Pass$403,871 $165,194 $137,069 $96,800 $55,100 $53,764 $533,893 $1,445,691 
Special Mention220 1,998 7,030 1,701 548 577 9,212 21,286 
Substandard3,777 3,262 2,609 797 811 2,065 1,536 14,857 
Doubtful— — — — — — — — 
Total$407,868 $170,454 $146,708 $99,298 $56,459 $56,406 $544,641 $1,481,834 
Current period gross charge-offs$— $— $88 $1,674 $46 $2,236 $25 $4,069 
Residential Mortgage:
Beacon score:
660-850$246,612 $165,623 $46,925 $65,865 $102,628 $223,420 $— $851,073 
600-65911,102 3,285 3,583 4,255 4,645 20,052 — 46,922 
540-5991,472 1,864 2,162 4,522 1,599 8,201 — 19,820 
less than 540452 4,293 1,575 1,829 2,079 9,527 — 19,755 
Total$259,638 $175,065 $54,245 $76,471 $110,951 $261,200 $— $937,570 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Residential Construction:
Beacon score:
660-850$134,335 $45,890 $8,063 $2,078 $1,347 $1,160 $— $192,873 
600-6591,922 — 650 — — — — 2,572 
540-599— — — — — 462 — 462 
less than 5401,745 — — — — — — 1,745 
Total$138,002 $45,890 $8,713 $2,078 $1,347 $1,622 $— $197,652 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$3,179 $1,393 $3,130 $3,060 $1,648 $26,156 $350,466 $389,032 
600-659352 123 324 716 430 4,906 14,119 20,970 
540-59958 8 311 160 89 2,809 4,926 8,361 
less than 54088 58 536 544 98 3,101 6,926 11,351 
Total$3,677 $1,582 $4,301 $4,480 $2,265 $36,972 $376,437 $429,714 
Current period gross charge-offs$— $— $7 $2 $— $106 $184 $299 
Total loans$3,023,908 $1,626,031 $1,316,007 $826,781 $702,719 $1,376,294 $1,095,351 $9,967,091 
 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 $3,634,720 
Current period gross charge-offs$— $388 $— $— $— $23 $— $411 
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 $1,642,216 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
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 $1,050,973 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
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 $2,267,548 
Current period gross charge-offs$— $— $23 $160 $103 $205 $— $491 
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 $— $1,105,179 
Current period gross charge-offs$— $— $— $— $11 $473 $— $484 
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 $182,619 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
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 $517,254 
Current period gross charge-offs$— $13 $123 $8 $1 $140 $148 $433 
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 




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 Year Ended December 31, 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 — 1,824 — 14,575 
Balance$9,594 $3,157 $— $1,824 $— $14,575 
Specific allowance$— $— $— $461 $— $461 
Restructured and subsequently defaulted$— $— $— $— $— $— 

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 
Specific allowance$65 $— $— $955 $— $1,020 
Restructured and subsequently defaulted$— $— $— $— $— $— 

At December 31, 2021, TDR loans totaled $18.4 million, of which $2.2 million were accruing and $16.2 million were non-accruing. There were no commitments to lend additional funds on loans classified as TDRs as of December 31, 2021. TDR loans at December 31, 2020 totaled $8.5 million, of which $2.3 million were accruing and $6.2 million were non-accruing. Commitments to lend additional funds on TDR loans at December 31, 2020 were insignificant.

During the year ended December 31, 2021, the Company restructured $14.6 million in loans that were designated as TDRs. Modifications consisted principally of interest rate concessions. No modifications resulted in the reduction of the principal in the associated loan balances. TDR loans are subject to periodic credit reviews to determine the necessity and appropriateness of an individual credit loss allowance based on the collectability of the recorded investment in the TDR loan. Loans restructured during 2021 had individual reserves of $0.5 million at December 31, 2021. For the year ended December 31, 2020, the Company restructured $4.5 million in loans. Modifications consisted principally of interest rate concessions and no modifications resulted in the reduction of the recorded investment in the associated loan balances. Loans restructured during 2020 had specific reserves of $1.0 million at December 31, 2020.

For more information on the accounting policies for TDRs see Note 1.
Other Real Estate Owned
OREO totaled $1.0 million and $1.5 million at December 31, 2021 and 2020, respectively. There was one consumer mortgage loan secured by residential real estate property with the total amount of $0.1 million for which formal foreclosure proceedings were in process as of December 31, 2021.