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Note 4 - Loans (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

As of December 31,

 
  

2021

  

2020

 
  

(In thousands)

 

Type of Loans:

        

Commercial loans

 $2,982,399  $2,836,833 

Real estate construction loans

  611,031   679,492 

Commercial mortgage loans

  8,143,272   7,555,027 

Residential mortgage loans

  4,182,006   4,145,389 

Equity lines

  419,487   424,555 

Installment and other loans

  4,284   3,100 

Gross loans

  16,342,479   15,644,396 

Less:

        

Allowance for loan losses

  (136,157)  (166,538)

Unamortized deferred loan fees

  (4,321)  (2,494)

Total loans, net

 $16,202,001  $15,475,364 
Schedule of Related Party Transactions [Table Text Block]
  

December 31,

 
  

2021

  

2020

 
  

(In thousands)

 

Balance at beginning of year

 $51,288  $43,952 

Additional loans made

  29,182   23,102 

Payment received

  (41,938)  (15,766)

Balance at end of year

 $38,532  $51,288 
Impaired Financing Receivables [Table Text Block]
  

For the year ended December 31, 2021

 
  

Average Recorded

Investment

  

Interest Income

Recognized

 
  

(In thousands)

 

Commercial loans

 $21,453  $ 

Real estate construction loans

  3,805    

Commercial mortgage loans

  38,047   1,044 

Residential mortgage and equity lines

  9,435   30 

Total

 $72,740  $1,074 
  

For the year ended December 31, 2020

 
  

Average Recorded Investment

  

Interest Income Recognized

 
  

(In thousands)

 

Commercial loans

 $31,009  $246 

Real estate construction loans

  4,408   294 

Commercial mortgage loans

  41,649   1,602 

Residential mortgage and equity lines

  14,287   252 

Total

 $91,353  $2,394 
Schedule Of Impaired Loans And Related Allowance And Charge Off [Table Text Block]
  

As of December 31, 2021

 
  

Unpaid

Principal

Balance

  

Recorded

Investment

  

Allowance

 
  

(In thousands)

 

With no allocated allowance:

            

Commercial loans

 $15,879  $11,342  $ 

Commercial mortgage loans

  24,437   21,209    

Residential mortgage and equity lines

  6,020   5,850    

Subtotal

 $46,336  $38,401  $ 

With allocated allowance:

            

Commercial loans

 $14,294  $5,217  $894 

Commercial mortgage loans

  17,930   16,964   3,631 

Residential mortgage and equity lines

  6,048   5,264   22 

Subtotal

 $38,272  $27,445  $4,547 

Total non-accrual loans

 $84,608  $65,846  $4,547 
  

Impaired Loans

 
  

As of December 31, 2020

 
  

Unpaid

Principal

Balance

  

Recorded

Investment

  

Allowance

 
  

(In thousands)

 

With no allocated allowance:

            

Commercial loans

 $23,784  $20,698  $ 

Real estate construction loans

  5,776   4,286    

Commercial mortgage loans

  22,877   22,287    

Residential mortgage and equity lines

  6,379   6,307    

Subtotal

 $58,816  $53,578  $ 

With allocated allowance:

            

Commercial loans

 $13,703  $6,372  $1,030 

Commercial mortgage loans

  31,134   31,003   5,254 

Residential mortgage and equity lines

  5,005   4,452   145 

Subtotal

 $49,842  $41,827  $6,429 

Total impaired loans

 $108,658  $95,405  $6,429 
Financing Receivable, Nonaccrual [Table Text Block]
  

As of December 31,

 
  

2021

  

2020

  

2019

 
  

(In thousands)

 

Non-accrual portfolio loans

 $65,846  $67,684  $40,523 

Contractual interest due

  4,032   3,093   1,775 

Interest recognized

  1,074   1,008   85 

Net interest foregone

 $2,958  $2,085  $1,690 
Financing Receivable, Past Due [Table Text Block]
  

As of December 31, 2021

 
  

30-59

Days Past

Due

  

60-89 Days

Past Due

  

90 Days

or More

Past Due

  

Non-accrual

Loans

  

Total Past

Due

  

Loans Not

Past Due

  

Total

 

Type of Loans:

 

(In thousands)

 

Commercial loans

 $4,294  $9,877  $1,439  $16,558  $32,168  $2,950,231  $2,982,399 

Real estate construction loans

                 611,031   611,031 

Commercial mortgage loans

  8,389         38,173   46,562   8,096,710   8,143,272 

Residential mortgage loans

  20,129   3,138      11,115   34,382   4,567,111   4,601,493 

Installment and other loans

                 4,284   4,284 

Total loans

 $32,812  $13,015  $1,439  $65,846  $113,112  $16,229,367  $16,342,479 
                             
  

As of December 31, 2020

 
  

30-59

Days Past

Due

  

60-89 Days

Past Due

  

90 Days

or More

Past Due

  

Non-accrual

Loans

  

Total Past

Due

  

Loans Not

Past Due

  

Total

 

Type of Loans:

 

(In thousands)

 

Commercial loans

 $52,601  $3,182  $2,947  $23,087  $81,817  $2,755,016  $2,836,833 

Real estate construction loans

  6,257         4,286   10,543   668,949   679,492 

Commercial mortgage loans

  45,186   18,069   2,035   33,715   99,005   7,456,022   7,555,027 

Residential mortgage loans

  14,315   4,223      6,596   25,134   4,544,810   4,569,944 

Installment and other loans

  43            43   3,057   3,100 

Total loans

 $118,402  $25,474  $4,982  $67,684  $216,542  $15,427,854  $15,644,396 
Schedule Of Troubled Debt Restructurings [Table Text Block]
  

Loans Modified as TDRs During the Year Ended December 31, 2021

 
  

No. of

Contracts

  

Pre-Modification

Outstanding

Recorded

Investment

  

Post-Modification Outstanding

Recorded

Investment

  

Specific

Reserve

  

Charge-offs

 
  

(Dollars in thousands)

 
                     

Commercial loans

  3  $2,150  $2,150  $  $ 

Residential mortgage and equity lines

  2   3   3       

Total

  5  $2,153  $2,153  $  $ 
  

Loans Modified as TDRs During the Year Ended December 31, 2020

 
  

No. of

Contracts

  

Pre-Modification

Outstanding

Recorded

Investment

  

Post-Modification Outstanding

Recorded

Investment

  

Specific

Reserve

  

Charge-offs

 
  

(Dollars in thousands)

 
                     

Commercial loans

  5  $5,417  $5,417  $  $ 

Total

  5  $5,417  $5,417  $  $ 
  

Loans Modified as TDRs During the Year Ended December 31, 2019

 
  

No. of

Contracts

  

Pre-Modification

Outstanding

Recorded

Investment

  

Post-Modification Outstanding

Recorded

Investment

  

Specific

Reserve

  

Charge-off

 
  

(Dollars in thousands)

 
                     

Commercial loans

  23  $25,937  $21,874  $2,190  $4,063 

Residential mortgage and equity lines

  1   42   42       

Total

  24  $25,979  $21,916  $2,190  $4,063 
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
  

December 31, 2021

 

Accruing TDRs

 

Payment

Deferral

  

Rate

Reduction

  

Rate

Reduction

and Payment

Deferral

  

Total

 
  

(In thousands)

 

Commercial loans

 $3,368  $  $  $3,368 

Commercial mortgage loans

  438   5,522   168   6,128 

Residential mortgage loans

  1,464   249   1,628   3,341 

Total accruing TDRs

 $5,270  $5,771  $1,796  $12,837 
  

December 31, 2020

 

Accruing TDRs

 

Payment

Deferral

  

Rate

Reduction

  

Rate

Reduction

and Payment

Deferral

  

Total

 
  

(In thousands)

 

Commercial loans

 $3,983  $  $  $3,983 

Commercial mortgage loans

  515   5,635   13,425   19,575 

Residential mortgage loans

  1,724   275   2,164   4,163 

Total accruing TDRs

 $6,222  $5,910  $15,589  $27,721 
Non Accrual Troubled Debt Restructurings [Table Text Block]
  

December 31, 2021

 

Non-accrual TDRs

 

Payment

Deferral

  

Rate

Reduction

  

Rate

Reduction

and Payment

Deferral

  

Total

 
  

(In thousands)

 

Commercial loans

 $7,717  $  $  $7,717 

Residential mortgage loans

  458         458 

Total non-accrual TDRs

 $8,175  $  $  $8,175 
  

December 31, 2020

 

Non-accrual TDRs

 

Payment

Deferral

  

Rate

Reduction

  

Rate

Reduction

and Payment

Deferral

  

Total

 
  

(In thousands)

 

Commercial loans

 $8,462  $  $  $8,462 

Residential mortgage loans

  523         523 

Total non-accrual TDRs

 $8,985  $  $  $8,985 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

As of December 31, 2020

 
  

Pass/Watch

  

Special

Mention

  

Substandard

  

Doubtful

  

Total

 
  

(In thousands)

 

Commercial loans

 $2,581,128  $141,344  $108,788  $5,573  $2,836,833 

Real estate construction loans

  593,196   82,010   4,286      679,492 

Commercial mortgage loans

  7,202,568   186,283   166,176      7,555,027 

Residential mortgage and equity lines

  4,547,052   11,647   11,245      4,569,944 

Installment and other loans

  3,100            3,100 

Total gross loans

 $14,927,044  $421,284  $290,495  $5,573  $15,644,396 
Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block]
  

Loans Amortized Cost Basis by Origination Year

             

December 31, 2021

 

2021

  

2020

  

2019

  

2018

  

2017

  

Prior

  

Revolving

Loans

  

Revolving

Converted to

Term Loans

  

Total

 
  

(In thousands)

 

Commercial loans

                                    

Pass/Watch

 $606,770  $268,756  $183,468  $142,419  $80,701  $100,496  $1,437,463  $7,433  $2,827,506 

Special Mention

  395   780   1,138   1,645   3,157      40,761   49   47,925 

Substandard

  450   5,879   22,513   16,423   14,309   5,221   34,713   5,716   105,224 

Doubtful

                    900      900 

Total

 $607,615  $275,415  $207,119  $160,487  $98,167  $105,717  $1,513,837  $13,198  $2,981,555 
                                     

YTD period charge-offs

 $  $1,478  $507  $366     $50  $17,650  $  $20,051 

YTD period recoveries

     (1)  (29)  (124)     (191)  (1,361)     (1,706)

Net

 $  $1,477  $478  $242  $  $(141) $16,289  $  $18,345 
                                     

Real estate construction loans

                                    

Pass/Watch

 $199,188  $188,782  $125,316  $24,548  $  $  $  $  $537,834 

Special Mention

     23,107   27,672   17,374               68,153 

Substandard

        1,919                  1,919 

Total

 $199,188  $211,889  $154,907  $41,922  $  $  $  $  $607,906 
                                     

YTD period charge-offs

 $  $  $  $  $  $  $  $  $ 

YTD period recoveries

                 (76)        (76)

Net

 $  $  $  $  $  $(76) $  $  $(76)
                                     

Commercial mortgage loans

                                    

Pass/Watch

 $1,893,807  $1,201,825  $1,253,548  $1,031,191  $727,916  $1,313,882  $198,869  $  $7,621,038 

Special Mention

  45,719   59,182   49,796   103,101   61,105   60,448   750      380,101 

Substandard

  1,110      13,483   42,803   1,580   76,906   3,297      139,179 

Total

 $1,940,636  $1,261,007  $1,316,827  $1,177,095  $790,601  $1,451,236  $202,916  $  $8,140,318 
                                     

YTD period charge-offs

 $  $  $  $  $  $  $  $  $ 

YTD period recoveries

        (240)        (28)  (111)     (379)

Net

 $  $  $(240) $  $  $(28) $(111) $  $(379)

Residential mortgage loans

                                    

Pass/Watch

 $978,375  $622,999  $678,775  $502,325  $453,992  $929,846  $  $  $4,166,312 

Special Mention

     46   1,576   1,064   836   438         3,960 

Substandard

  1,684   147   2,698   2,574   862   5,255         13,220 

Total

 $980,059  $623,192  $683,049  $505,963  $455,690  $935,539  $  $  $4,183,492 
                                     

YTD period charge-offs

 $  $  $  $  $3  $  $     $3 

YTD period recoveries

                 (208)        (208)

Net

 $  $  $  $  $3  $(208) $  $  $(205)
                                     

Equity lines

                                    

Pass/Watch

 $  $  $  $  $  $5  $389,069  $30,025  $419,099 

Substandard

                    1,230   273   1,503 

Total

 $  $  $  $  $  $5  $390,299  $30,298  $420,602 
                                     

YTD period charge-offs

 $  $  $  $  $  $  $  $  $ 

YTD period recoveries

                    (10)  (64)  (74)

Net

 $  $  $  $  $  $  $(10) $(64) $(74)
                                     

Installment and other loans

                                    

Pass/Watch

 $4,117  $168  $  $  $  $  $  $  $4,285 

Total

 $4,117  $168  $  $  $  $  $  $  $4,285 
                                     

YTD period charge-offs

 $  $  $  $  $  $  $  $  $ 

YTD period recoveries

                           

Net

 $  $  $  $  $  $  $  $  $ 

Total loans

 $3,731,615  $2,371,671  $2,361,902  $1,885,467  $1,344,458  $2,492,497  $2,107,052  $43,496  $16,338,158 

Net charge-offs/(recoveries)

 $  $1,477  $238  $242  $3  $(453) $16,168  $(64) $17,611 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
      

Real Estate

  

Commercial

  

Residential

  

Installment

     
  

Commercial

  

Construction

  

Mortgage

  

Mortgage

  

and Other

     
  

Loans

  

Loans

  

Loans

  

and Equity Lines

  

Loans

  

Total

 
  

(In thousands)

 

2020 Beginning Balance

 $57,021  $19,474  $33,602  $13,108  $19  $123,224 

Provision/(reversal) for loan losses

  26,450   11,380   15,164   4,525   (19)  57,500 
                         

Charge-offs

  (21,996)              (21,996)

Recoveries

  7,267      439   104      7,810 

Net (Charge-offs)/Recoveries

  (14,729)     439   104      (14,186)
                         

2020 Ending Balance

 $68,742  $30,854  $49,205  $17,737  $  $166,538 

Reserve for impaired loans

 $1,030  $  $5,254  $145  $  $6,429 

Reserve for non-impaired loans

 $67,712  $30,854  $43,951  $17,592  $  $160,109 

Reserve for off-balance sheet credit commitments

 $4,802  $690  $101  $284  $3  $5,880 
                         

2021 Beginning Balance

 $68,742  $30,854  $49,205  $17,737  $  $166,538 

Impact of ASU 2016-13 adoption

 $(31,466) $(24,307) $34,993  $19,211  $9  $(1,560)

Allowance for loan losses, January 1, 2020

 $37,276  $6,547  $84,198  $36,948  $9  $164,978 

Provision/(reversal) for loan losses

  24,463   (321)  (23,401)  (11,943)  (8)  (11,210)
                         

Charge-offs

  (20,051)        (3)     (20,054)

Recoveries

  1,706   76   284   377      2,443 

Net (Charge-offs)/Recoveries

 $(18,345) $76  $284  $374  $  $(17,611)
                         

2021 Ending Balance

 $43,394  $6,302  $61,081  $25,379  $1  $136,157 
                         

Allowance for unfunded credit commitments 2020 Ending Balance

 $4,802  $690  $101  $284  $3  $5,880 

Impact of ASU 2016-13 adoption

  3,236   3,135   (66)  (284)  (3)  6,018 

Allowance for loan losses, January 1, 2021

 $8,038  $3,825  $35  $  $  $11,898 

Provision/(reversal) for possible credit losses

  (4,313)  (450)  (35)        (4,798)

Allowance for unfunded credit commitments 2021 Ending Balance

 $3,725  $3,375  $  $  $  $7,100 
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]
  

For the year ended December 31,

 
  

2021

  

2020

  

2019

 

Allowance for Loan Losses:

 

(In thousands)

 

Balance at beginning of year

 $166,538  $123,224  $122,391 

Impact of ASU 2016-13 adoption

  (1,560)      

Provision/(reversal) for credit losses

  (11,210)  57,500   (7,000)

Loans charged off

  (20,054)  (21,996)  (6,997)

Recoveries of charged off loans

  2,443   7,810   14,830 

Balance at end of year

 $136,157  $166,538  $123,224 
             

Reserve for Off-balance Sheet Credit Commitments:

            

Balance at beginning of year

 $5,880  $3,855  $2,250 

Impact of ASU 2016-13 adoption

  6,018       

Provision/(reversal) for credit losses and transfers

  (4,798)  2,025   1,605 

Balance at end of year

 $7,100  $5,880  $3,855 
Impairment Method [Member]  
Notes Tables  
Impaired Financing Receivables [Table Text Block]
      

Real Estate

  

Commercial

  

Residential

         
  

Commercial

  

Construction

  

Mortgage

  

Mortgage

  

Consumer

     
  

Loans

  

Loans

  

Loans

  

and Equity Lines

  

and Other

  

Total

 
  

(In thousands)

 

December 31, 2020

                        

Loans individually evaluated for impairment

                        

Allowance

 $1,030  $  $5,254  $145  $  $6,429 

Balance

 $27,070  $4,286  $53,289  $10,760  $  $95,405 
                         

Loans collectively evaluated for impairment

                        

Allowance

 $67,712  $30,854  $43,951  $17,592  $  $160,109 

Balance

 $2,809,763  $675,206  $7,501,738  $4,559,184  $3,100  $15,548,991 
                         

Total allowance

 $68,742  $30,854  $49,205  $17,737  $  $166,538 

Total balance

 $2,836,833  $679,492  $7,555,027  $4,569,944  $3,100  $15,644,396