
(Dollars in thousands)	March 31, 2022		December 31, 2021
Residential real estate	$	1,125,648	1,051,883
Commercial real estate	8,865,585		8,630,831
Other commercial	2,661,048		2,664,190
Home equity	715,963		736,288
Other consumer	362,775		348,839
Loans receivable	13,731,019		13,432,031
Allowance for credit losses	(176,159)		(172,665)
Loans receivable, net	$	13,554,860	13,259,366
Net deferred origination (fees) costs included in loans receivable	$	(20,509)	(21,667)
Net purchase accounting (discounts) premiums included in loans receivable	$	(23,012)	(25,166)
Accrued interest receivable on loans	$	48,544	49,133

Substantially all of the Company’s loans receivable are with borrowers in the Company’s geographic market areas. Although the Company has a diversified loan portfolio, a substantial portion of borrowers’ ability to service their obligations is dependent upon the economic performance in the Company’s market areas.


	Three Months ended March 31, 2022
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Balance at beginning of period	$	172,665	16,458	117,901	24,703	8,566	5,037


Provision for credit losses	4,344		(249)	3,927	(1,003)	559	1,110
Charge-offs	(2,694)		—	—	(799)	—	(1,895)
Recoveries	1,844		18	344	981	48	453
Balance at end of period	$	176,159	16,227	122,172	23,882	9,173	4,705


	Three Months ended March 31, 2021
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Balance at beginning of period	$	158,243	9,604	86,999	49,133	8,182	4,325


Provision for credit losses	489		(582)	7,463	(7,265)	(89)	962
Charge-offs	(4,246)		(38)	—	(2,762)	(45)	(1,401)
Recoveries	1,960		34	789	279	20	838
Balance at end of period	$	156,446	9,018	95,251	39,385	8,068	4,724

The sizeable charge-offs in the other consumer loan segment is driven by deposit overdraft charge-offs which typically experience high charge-off rates and the amounts were comparable to historical trends. The other segments experience routine charge-offs and recoveries, with occasional large credit relationships charge-offs and recoveries that cause fluctuations from prior periods. During the three months ended March 31, 2022, there have been no significant changes to the types of collateral securing collateral-dependent loans.


	March 31, 2022
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	11,885	3,358	2,088	3,604	1,060	1,775
Accruing loans 60-89 days past due	4,195		—	2,649	763	434	349
Accruing loans 90 days or more past due	4,510		—	2,343	1,927	95	145
Non-accrual loans with no ACL	37,012		1,891	28,379	4,759	1,514	469
Non-accrual loans with ACL	20,911		—	—	20,865	—	46
Total past due and non-accrual loans	78,513		5,249	35,459	31,918	3,103	2,784
Current loans receivable	13,652,506		1,120,399	8,830,126	2,629,130	712,860	359,991
Total loans receivable	$	13,731,019	1,125,648	8,865,585	2,661,048	715,963	362,775


	December 31, 2021
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	38,081	2,132	26,063	5,464	1,582	2,840
Accruing loans 60-89 days past due	12,485		457	9,537	1,652	512	327
Accruing loans 90 days or more past due	17,141		223	15,345	1,383	57	133
Non-accrual loans with no ACL	28,961		2,162	20,040	4,563	1,712	484
Non-accrual loans with ACL	21,571		255	448	20,765	99	4
Total past due and non-accrual loans	118,239		5,229	71,433	33,827	3,962	3,788
Current loans receivable	13,313,792		1,046,654	8,559,398	2,630,363	732,326	345,051
Total loans receivable	$	13,432,031	1,051,883	8,630,831	2,664,190	736,288	348,839

The Company had $720,000 and $73,000 of interest reversed on non-accrual loans during the three months ended March 31, 2022 and March 31, 2021, respectively. The prior year modifications that were made under the CARES Act, along with related regulatory guidance, are included in current loan receivables.

A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The collateral on the loans is a significant portion of what secures the collateral-dependent loans and significant changes to the fair value of the collateral can impact the ACL. During 2022, there were no significant change to collateral which secures the collateral-dependent loans, whether due to general deterioration or other reasons. The following table presents the amortized cost basis of collateral-dependent loans by collateral type:


	March 31, 2022
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Business assets	$	25,704	—	49	25,655	—	—
Residential real estate	3,764		1,848	244	111	1,401	160
Other real estate	39,875		43	38,641	431	406	354
Other	529		—	—	230	—	299
Total	$	69,872	1,891	38,934	26,427	1,807	813


	December 31, 2021
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Business assets	$	25,182	—	57	25,125	—	—
Residential real estate	4,625		2,369	280	115	1,694	167
Other real estate	32,093		48	30,996	597	116	336
Other	1,525		—	—	1,241	—	284
Total	$	63,425	2,417	31,333	27,078	1,810	787

A restructured loan is considered a TDR if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The following tables present TDRs that occurred during the periods presented and the TDRs that occurred within the previous twelve months that subsequently defaulted during the periods presented:


	Three Months ended March 31, 2022
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	3		1	—	2	—	—
Pre-modification recorded balance	$	87	31	—	56	—	—
Post-modification recorded balance	$	87	31	—	56	—	—
TDRs that subsequently defaulted
Number of loans	—		—	—	—	—	—
Recorded balance	$	—	—	—	—	—	—


	Three Months ended March 31, 2021
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	7		1	4	1	—	1
Pre-modification recorded balance	$	1,753	210	1,374	38	—	131
Post-modification recorded balance	$	1,753	210	1,374	38	—	131
TDRs that subsequently defaulted
Number of loans	—		—	—	—	—	—
Recorded balance	$	—	—	—	—	—	—

The modifications for the loans designated as TDRs during the three months ended March 31, 2022 and 2021 included one or a combination of the following: an extension of the maturity date, a reduction of the interest rate or a reduction in the principal amount.

In addition to the loans designated as TDRs during the period provided in the preceding tables, the Company had TDRs with pre-modification loan balances of $77,000 and $1,474,000 for the three months ended March 31, 2022 and 2021, respectively, for which OREO was received in full or partial satisfaction of the loans. The majority of such TDRs were in consumer for the three months ended March 31, 2022 and other commercial for the three months ended March 31, 2021. At March 31, 2022 and December 31, 2021, the Company had $335,000 and $102,000, respectively, of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process. At March 31, 2022 and December 31, 2021, the Company did not have any OREO secured by residential real estate properties.

The Company categorizes commercial real estate and other commercial loans into risk categories based on relevant information about the ability of borrowers to service their obligations. The following tables present the amortized cost in commercial real estate and other commercial loans based on the Company’s internal risk rating. The date of a modification, renewal or extension of a loan is considered for the year of origination if the terms of the loan are as favorable to the Company as the terms are for a comparable loan to other borrowers with similar credit risk.


	March 31, 2022
(Dollars in thousands)	Total		Pass	Special Mention	Substandard	Doubtful/ Loss
Commercial real estate loans
Term loans by origination year
2022 (year-to-date)	$	724,549	722,024	—	2,525	—
2021	2,611,827		2,610,130	—	1,697	—
2020	1,481,501		1,467,853	—	13,648	—
2019	863,746		825,419	—	38,327	—
2018	778,708		760,413	—	18,295	—
Prior	2,207,850		2,113,551	—	94,275	24
Revolving loans	197,404		196,410	—	993	1

Total	$	8,865,585	8,695,800	—	169,760	25
Other commercial loans 1
Term loans by origination year
2022 (year-to-date)	$	148,882	148,562	—	320	—
2021	697,130		692,374	—	4,756	—
2020	372,931		367,657	—	5,272	2
2019	220,962		209,206	—	11,743	13
2018	172,157		165,572	—	6,583	2
Prior	496,187		485,791	—	9,890	506
Revolving loans	552,799		526,330	—	26,449	20

Total	$	2,661,048	2,595,492	—	65,013	543


	December 31, 2021
(Dollars in thousands)	Total		Pass	Special Mention	Substandard	Doubtful/ Loss
Commercial real estate loans
Term loans by origination year
2021	$	2,679,564	2,677,540	—	2,024	—
2020	1,512,845		1,499,895	—	12,950	—
2019	952,039		919,091	—	32,948	—
2018	808,275		788,292	—	19,983	—
2017	665,733		624,018	—	41,715	—
Prior	1,677,875		1,621,819	—	56,030	26
Revolving loans	334,500		332,696	—	1,803	1

Total	$	8,630,831	8,463,351	—	167,453	27
Other commercial loans 1
Term loans by origination year
2021	$	751,151	746,709	—	4,442	—
2020	429,500		420,547	—	8,952	1
2019	235,591		226,614	—	8,974	3
2018	188,009		179,679	—	8,329	1
2017	209,287		207,509	—	1,775	3
Prior	312,852		297,926	—	14,275	651
Revolving loans	537,800		507,258	—	30,526	16

Total	$	2,664,190	2,586,242	—	77,273	675

For residential real estate, home equity and other consumer loan segments, the Company evaluates credit quality primarily on the aging status of the loan. The following tables present the amortized cost in residential real estate, home equity and other consumer loans based on payment performance:


	March 31, 2022
(Dollars in thousands)	Total		Performing	30-89 Days Past Due	Non-Accrual and 90 Days or More Past Due
Residential real estate loans
Term loans by origination year
2022 (year-to-date)	$	111,162	110,259	903	—
2021	587,540		586,901	639	—
2020	148,965		148,770	59	136
2019	57,198		57,198	—	—
2018	44,023		43,752	—	271
Prior	174,344		171,103	1,757	1,484
Revolving loans	2,416		2,416	—	—

Total	$	1,125,648	1,120,399	3,358	1,891
Home equity loans
Term loans by origination year
2022 (year-to-date)	$	—	—	—	—
2021	44		44	—	—
2020	63		63	—	—
2019	430		398	—	32
2018	682		681	—	1
Prior	9,739		9,315	180	244
Revolving loans	705,005		702,359	1,314	1,332

Total	$	715,963	712,860	1,494	1,609
Other consumer loans
Term loans by origination year
2022 (year-to-date)	$	49,134	49,110	24	—
2021	136,845		136,325	405	115
2020	71,871		71,567	279	25
2019	31,608		31,213	211	184
2018	16,789		16,554	72	163
Prior	22,554		21,289	1,098	167
Revolving loans	33,974		33,933	35	6

Total	$	362,775	359,991	2,124	660