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CREDIT QUALITY ASSESSMENT
 12 Months Ended
Dec. 31, 2022
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)202220212020
Balance at beginning of year$109,145 $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 Revere PCD loans— — 18,628 
Provision/ (credit) for credit losses - loans26,680 (45,556)85,669 
Loans charge-offs(1,105)(12,313)(1,819)
Loans recoveries1,522 1,647 1,012 
Net (charge-offs)/ recoveries417 (10,666)(807)
Balance at period end$136,242 $109,145 $165,367 

The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:
(In thousands)20222021
Collateral dependent loans individually evaluated for credit loss with an allowance$9,743 $9,510 
Collateral dependent loans individually evaluated for credit loss without an allowance16,454 24,024 
Total individually evaluated collateral dependent loans$26,197 $33,534 
Allowance for credit losses related to loans evaluated individually$6,902 $6,593 
Allowance for credit losses related to loans evaluated collectively129,340 102,552 
Total allowance for credit losses - loans$136,242 $109,145 
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:

2022
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, 2021
$45,289 $11,687 $20,322 $23,170 $5,384 $1,048 $2,245 $109,145 
Provision/ (credit) for credit losses - loans19,128 (90)(1,676)4,774 4,093 281 170 26,680 
Charge-offs— — — (716)(155)— (234)(1,105)
Recoveries320 49 — 799 102 8 244 1,522 
Net (charge-offs)/ recoveries320 49 — 83 (53)8 10 417 
Balance at end of period$64,737 $11,646 $18,646 $28,027 $9,424 $1,337 $2,425 $136,242 
Total loans$5,130,094 $1,775,037 $1,090,028 $1,455,885 $1,287,933 $224,772 $432,957 $11,396,706 
Allowance for credit losses on loans to total loans ratio1.26 %0.66 %1.71 %1.93 %0.73 %0.59 %0.56 %1.20 %
Average loans$4,681,607 $1,730,293 $1,112,936 $1,351,906 $1,117,053 $221,341 $423,746 $10,638,882 
Net charge-offs/ (recoveries) to average loans(0.01)%— %— %(0.01)%— %— %— %— %
Balance of loans individually evaluated for credit loss$9,943 $6,155 $— $8,274 $1,487 $— $338 $26,197 
Allowance related to loans evaluated individually$134 $1,261 $— $5,507 $— $— $— $6,902 
Individual allowance to loans evaluated individually ratio1.35 %20.49 %— %66.56 %— %— %— %26.35 %
Balance of loans collectively evaluated for credit loss$5,120,151 $1,768,882 $1,090,028 $1,447,611 $1,286,446 $224,772 $432,619 $11,370,509 
Allowance related to loans evaluated collectively$64,603 $10,385 $18,646 $22,520 $9,424 $1,337 $2,425 $129,340 
Collective allowance to loans evaluated collectively ratio1.26 %0.59 %1.71 %1.56 %0.73 %0.59 %0.56 %1.14 %

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) for credit losses - loans(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 on loans 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 %
The following table presents collateral dependent loans individually evaluated for credit losses with the associated allowances for credit losses by the applicable portfolio segment:

2022
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$554 $1,989 $— $3,196 $— $— $— $5,739 
Restructured accruing— — — 952 — — — 952 
Restructured non-accruing— — — 3,052 — — — 3,052 
Balance$554 $1,989 $— $7,200 $— $— $— $9,743 
Allowance$134 $1,261 $— $5,507 $— $— $— $6,902 
Loans individually evaluated for credit losses without an allowance:
Non-accruing$2,165 $133 $— $329 $— $— $— $2,627 
Restructured accruing— 1,136 — — 1,487 — — 2,623 
Restructured non-accruing7,224 2,897 — 745 — — 338 11,204 
Balance$9,389 $4,166 $— $1,074 $1,487 $— $338 $16,454 
Total individually evaluated loans:
Non-accruing$2,719 $2,122 $— $3,525 $— $— $— $8,366 
Restructured accruing— 1,136 — 952 1,487 — — 3,575 
Restructured non-accruing7,224 2,897 — 3,797 — — 338 14,256 
Balance$9,943 $6,155 $— $8,274 $1,487 $— $338 $26,197 
Unpaid contractual principal balance$10,882 $6,849 $— $9,893 $1,487 $— $364 $29,475 

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 
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:

2022
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$11,892 $7,314 $617 $7,768 $7,769 $21 $5,811 $41,192 
Contractual interest income due on non-accrual loans during the period$713 $106 $30 $491 $319 $1 $349 $2,009 

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 

There was no interest income recognized on non-accrual loans during the year ended December 31, 2022. 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, 2022, new loans placed on non-accrual status totaled $12.1 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:

2022
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$12,489 $9,306 $650 $8,420 $8,441 $55 $6,725 $46,086 
Loans placed on non-accrual4,761 2,370 — 1,591 2,593 — 815 12,130 
Non-accrual balances transferred to OREO— — — — — — — — 
Non-accrual balances charged-off— — — (677)(151)— (32)(860)
Net payments or draws(7,307)(4,366)(650)(2,012)(2,615)(55)(2,060)(19,065)
Non-accrual loans brought current— (2,291)— — (829)— (389)(3,509)
Balance at end of period$9,943 $5,019 $— $7,322 $7,439 $— $5,059 $34,782 

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 
2022
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$5,104,204 $1,767,875 $1,090,028 $1,443,012 $1,261,878 $222,144 $422,989 $11,312,130 
30-59 days9,735 1,007 — 3,556 11,307 2,628 4,343 32,576 
60-89 days6,212 — — 41 5,822 — 566 12,641 
Total performing loans5,120,151 1,768,882 1,090,028 1,446,609 1,279,007 224,772 427,898 11,357,347 
Non-performing loans:
Non-accrual loans9,943 5,019 — 7,322 7,439 — 5,059 34,782 
Loans greater than 90 days past due— — — 1,002 — — — 1,002 
Restructured loans— 1,136 — 952 1,487 — — 3,575 
Total non-performing loans9,943 6,155 — 9,276 8,926 — 5,059 39,359 
Total loans$5,130,094 $1,775,037 $1,090,028 $1,455,885 $1,287,933 $224,772 $432,957 $11,396,706 

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 

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:
 2022
 Term Loans by Origination YearRevolving 
(In thousands)20222021202020192018PriorLoansTotal
Commercial Investor R/E:        
Pass$1,510,446 $1,197,504 $694,756 $567,247 $335,103 $742,405 $15,242 $5,062,703 
Special Mention32,661 17,146 468 94 473 4,814 — 55,656 
Substandard557 1,896 — — 8,239 1,043 — 11,735 
Doubtful— — — — — — — — 
Total$1,543,664 $1,216,546 $695,224 $567,341 $343,815 $748,262 $15,242 $5,130,094 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Owner-Occupied R/E:
Pass$391,340 $328,657 $240,738 $260,114 $140,841 $381,386 $1,167 $1,744,243 
Special Mention4,567 — 1,301 1,740 2,066 7,323 — 16,997 
Substandard3,219 160 133 6,110 2,010 2,165 — 13,797 
Doubtful— — — — — — — — 
Total$399,126 $328,817 $242,172 $267,964 $144,917 $390,874 $1,167 $1,775,037 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$366,096 $439,468 $113,713 $34,340 $14,816 $— $119,727 $1,088,160 
Special Mention1,073 — — — — — 795 1,868 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total$367,169 $439,468 $113,713 $34,340 $14,816 $— $120,522 $1,090,028 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Business:
Pass$330,598 $223,245 $95,787 $105,922 $77,891 $78,009 $508,839 $1,420,291 
Special Mention127 458 1,107 7,787 498 322 13,225 23,524 
Substandard2,902 1,611 1,094 2,030 449 2,121 1,863 12,070 
Doubtful— — — — — — — — 
Total$333,627 $225,314 $97,988 $115,739 $78,838 $80,452 $523,927 $1,455,885 
Current period gross charge-offs$174 $— $— $— $138 $404 $— $716 
Residential Mortgage:
Beacon score:
660-850$330,109 $344,062 $171,330 $41,883 $51,651 $262,570 $— $1,201,605 
600-6594,571 6,196 1,173 3,925 6,041 24,006 — 45,912 
540-599369 4,013 1,439 1,256 1,931 6,945 — 15,953 
less than 5401,860 3,036 2,892 3,822 2,347 10,506 — 24,463 
Total$336,909 $357,307 $176,834 $50,886 $61,970 $304,027 $— $1,287,933 
Current period gross charge-offs$— $— $— $— $24 $131 $— $155 
Residential Construction:
Beacon score:
660-850$131,259 $75,844 $12,133 $150 $1,432 $1,245 $— $222,063 
600-659908 373 — — — — — 1,281 
540-599609 — — — — — — 609 
less than 540— 819 — — — — — 819 
Total$132,776 $77,036 $12,133 $150 $1,432 $1,245 $— $224,772 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$6,689 $2,346 $1,201 $2,147 $2,047 $23,170 $359,468 $397,068 
600-659658 467 59 198 664 5,459 11,269 18,774 
540-599123 56 — 465 316 2,802 3,824 7,586 
less than 540156 57 40 133 209 2,918 6,016 9,529 
Total$7,626 $2,926 $1,300 $2,943 $3,236 $34,349 $380,577 $432,957 
Current period gross charge-offs$— $5 $15 $— $13 $20 $181 $234 
Total loans$3,120,897 $2,647,414 $1,339,364 $1,039,363 $649,024 $1,559,209 $1,041,435 $11,396,706 
 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 

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, 2022
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$— $— $— $439 $— $439 
Restructured non-accruing— — — 1,269 — 1,269 
Balance$— $— $— $1,708 $— $1,708 
Specific allowance$— $— $— $1,233 $— $1,233 
Restructured and subsequently defaulted$— $— $— $— $— $— 

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 $— $461 
Restructured and subsequently defaulted$— $— $— $— $— $— 

At December 31, 2022, TDR loans totaled $17.9 million, of which $3.6 million were accruing and $14.3 million were non-accruing. There were no commitments to lend additional funds on loans classified as TDRs as of December 31, 2022. TDR loans at December 31, 2021 totaled $18.4 million, of which $2.2 million were accruing and $16.2 million were non-accruing. Commitments to lend additional funds on TDR loans at December 31, 2021 were insignificant.

During the year ended December 31, 2022, the Company restructured $1.7 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 2022 had individual reserves of $1.2 million at December 31, 2022. For the year ended December 31, 2021, the Company restructured $14.6 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 2021 had specific reserves of $0.5 million at December 31, 2021.

For more information on the accounting policies for TDRs see Note 1.

Other Real Estate Owned
OREO totaled $0.6 million and $1.0 million at December 31, 2022 and 2021, respectively. There were no consumer mortgage loans secured by residential real estate property for which formal foreclosure proceedings were in process as of December 31, 2022.