XML 54 R28.htm IDEA: XBRL DOCUMENT v3.19.3
Loans and Allowance for Loan and Lease Losses (Tables)
9 Months Ended
Sep. 30, 2019
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Type of Loan Portfolio Summarized by the Aggregate Risk Rating

The types of loans in Mid Penn’s portfolio, summarized by those rated as “pass” (net of deferred fees and costs of $948,000 as of September 30, 2019 and $647,000 as of December 31, 2018), and the loans classified as “special mention” and “substandard” within Mid Penn’s internal risk rating system as of September 30, 2019 and December 31, 2018, are as follows:

 

(Dollars in thousands)

 

 

 

Special

 

 

 

 

 

 

September 30, 2019

 

Pass

 

 

Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

307,083

 

 

$

11,068

 

 

$

2,249

 

 

$

320,400

 

Commercial real estate

 

 

875,155

 

 

 

8,974

 

 

 

7,931

 

 

 

892,060

 

Commercial real estate - construction

 

 

177,111

 

 

 

 

 

 

40

 

 

 

177,151

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

242,076

 

 

 

56

 

 

 

1,597

 

 

 

243,729

 

Home equity

 

 

69,181

 

 

 

 

 

 

59

 

 

 

69,240

 

Consumer

 

 

7,854

 

 

 

 

 

 

 

 

 

7,854

 

 

 

$

1,678,460

 

 

$

20,098

 

 

$

11,876

 

 

$

1,710,434

 

 

(Dollars in thousands)

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

December 31, 2018

 

Pass

 

 

Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

276,690

 

 

$

2,769

 

 

$

7,059

 

 

$

286,518

 

Commercial real estate

 

 

850,150

 

 

 

2,432

 

 

 

8,787

 

 

 

861,369

 

Commercial real estate - construction

 

 

141,806

 

 

 

 

 

 

367

 

 

 

142,173

 

Lease financing

 

 

53

 

 

 

 

 

 

 

 

 

53

 

Residential mortgage

 

 

251,151

 

 

 

147

 

 

 

2,245

 

 

 

253,543

 

Home equity

 

 

70,004

 

 

 

 

 

 

92

 

 

 

70,096

 

Consumer

 

 

10,315

 

 

 

 

 

 

 

 

 

10,315

 

 

 

$

1,600,169

 

 

$

5,348

 

 

$

18,550

 

 

$

1,624,067

 

Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of September 30, 2019 and December 31, 2018 are summarized as follows:

 

 

 

September 30, 2019

 

 

December 31, 2018

 

(Dollars in thousands)

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate

 

 

1,787

 

 

 

2,087

 

 

 

 

 

 

2,007

 

 

 

2,276

 

 

 

 

Commercial real estate - construction

 

 

40

 

 

 

61

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

881

 

 

 

896

 

 

 

 

 

 

657

 

 

 

811

 

 

 

 

Home equity

 

 

26

 

 

 

27

 

 

 

 

 

 

30

 

 

 

106

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

5

 

 

$

5

 

 

$

 

 

$

28

 

 

$

28

 

 

$

 

Commercial real estate

 

 

1,643

 

 

 

1,643

 

 

 

 

 

 

1,563

 

 

 

1,563

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

494

 

 

 

494

 

 

 

 

 

 

1,208

 

 

 

1,208

 

 

 

 

Home equity

 

 

4

 

 

 

4

 

 

 

 

 

 

4

 

 

 

4

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

 

 

$

 

 

$

4,527

 

 

$

4,635

 

 

$

500

 

Commercial real estate

 

 

537

 

 

 

578

 

 

 

336

 

 

 

721

 

 

 

721

 

 

 

204

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

367

 

 

 

370

 

 

 

38

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

5

 

 

$

5

 

 

$

 

 

$

4,555

 

 

$

4,663

 

 

$

500

 

Commercial real estate

 

 

3,967

 

 

 

4,308

 

 

 

336

 

 

 

4,291

 

 

 

4,560

 

 

 

204

 

Commercial real estate - construction

 

 

40

 

 

 

61

 

 

 

 

 

 

367

 

 

 

370

 

 

 

38

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

1,375

 

 

 

1,390

 

 

 

 

 

 

1,865

 

 

 

2,019

 

 

 

 

Home equity

 

 

30

 

 

 

31

 

 

 

 

 

 

34

 

 

 

110

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Recorded Investment Of Impaired Loans And Related Interest Income By Loan Portfolio Class

The average recorded investment of impaired loans and related interest income recognized for the three and nine months ended September 30, 2019 and 2018 are summarized as follows:

 

 

 

Three Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2018

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate

 

 

1,917

 

 

 

 

 

 

1,872

 

 

 

 

Commercial real estate - construction

 

 

40

 

 

 

4

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

889

 

 

 

7

 

 

 

780

 

 

 

11

 

Home equity

 

 

27

 

 

 

 

 

 

17

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

11

 

 

$

 

 

$

24

 

 

$

 

Commercial real estate

 

 

1,630

 

 

 

 

 

 

1,470

 

 

 

7

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

1,055

 

 

 

 

 

 

677

 

 

 

 

Home equity

 

 

4

 

 

 

 

 

 

1

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

38

 

 

$

 

 

$

4,425

 

 

$

 

Commercial real estate

 

 

617

 

 

 

 

 

 

703

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

367

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

49

 

 

$

 

 

$

4,449

 

 

$

 

Commercial real estate

 

 

4,164

 

 

 

 

 

 

4,045

 

 

 

7

 

Commercial real estate - construction

 

 

40

 

 

 

4

 

 

 

367

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

1,944

 

 

 

7

 

 

 

1,457

 

 

 

11

 

Home equity

 

 

31

 

 

 

 

 

 

18

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2018

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate

 

 

2,697

 

 

 

11

 

 

 

3,040

 

 

 

3

 

Commercial real estate - construction

 

 

40

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

1,151

 

 

 

21

 

 

 

769

 

 

 

27

 

Home equity

 

 

38

 

 

 

 

 

 

148

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

22

 

 

$

 

 

$

21

 

 

$

 

Commercial real estate

 

 

1,602

 

 

 

 

 

 

1,365

 

 

 

23

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

1,152

 

 

 

 

 

 

726

 

 

 

 

Home equity

 

 

4

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,202

 

 

$

3

 

 

$

4,424

 

 

$

 

Commercial real estate

 

 

633

 

 

 

 

 

 

456

 

 

 

 

Commercial real estate - construction

 

 

183

 

 

 

 

 

 

367

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,224

 

 

$

3

 

 

$

4,445

 

 

$

 

Commercial real estate

 

 

4,932

 

 

 

11

 

 

 

4,861

 

 

 

26

 

Commercial real estate - construction

 

 

223

 

 

 

 

 

 

367

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

2,303

 

 

 

21

 

 

 

1,495

 

 

 

27

 

Home equity

 

 

42

 

 

 

 

 

 

148

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration

Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of September 30, 2019 and December 31, 2018 are summarized as follows:

 

(Dollars in thousands)

 

September 30, 2019

 

 

December 31, 2018

 

Commercial and industrial

 

$

5

 

 

$

4,555

 

Commercial real estate

 

 

3,967

 

 

 

4,291

 

Commercial real estate - construction

 

 

40

 

 

 

367

 

Residential mortgage

 

 

884

 

 

 

1,502

 

Home equity

 

 

30

 

 

 

34

 

 

 

$

4,926

 

 

$

10,749

 

Loan Portfolio Summarized by the Past Due Status The classes of the loan portfolio summarized by the past due status as of September 30, 2019 and December 31, 2018 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

September 30, 2019

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

301

 

 

$

 

 

$

 

 

$

301

 

 

$

320,094

 

 

$

320,395

 

 

$

 

Commercial real estate

 

 

230

 

 

 

 

 

 

1,745

 

 

 

1,975

 

 

 

888,442

 

 

 

890,417

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

40

 

 

 

40

 

 

 

177,111

 

 

 

177,151

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

35

 

 

 

87

 

 

 

365

 

 

 

487

 

 

 

242,748

 

 

 

243,235

 

 

 

 

Home equity

 

 

 

 

 

18

 

 

 

 

 

 

18

 

 

 

69,218

 

 

 

69,236

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,854

 

 

 

7,854

 

 

 

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

 

 

 

 

5

 

 

 

5

 

 

 

 

 

 

5

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

1,612

 

 

 

1,612

 

 

 

31

 

 

 

1,643

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

17

 

 

 

158

 

 

 

175

 

 

 

319

 

 

 

494

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 

4

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

566

 

 

$

122

 

 

$

3,925

 

 

$

4,613

 

 

$

1,705,821

 

 

$

1,710,434

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

December 31, 2018

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

17

 

 

$

 

 

$

4,527

 

 

$

4,544

 

 

$

281,946

 

 

$

286,490

 

 

$

 

Commercial real estate

 

 

685

 

 

 

 

 

 

458

 

 

 

1,143

 

 

 

858,663

 

 

 

859,806

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

367

 

 

 

367

 

 

 

141,806

 

 

 

142,173

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

53

 

 

 

53

 

 

 

 

Residential mortgage

 

 

461

 

 

 

 

 

 

277

 

 

 

738

 

 

 

251,597

 

 

 

252,335

 

 

 

 

Home equity

 

 

166

 

 

 

22

 

 

 

25

 

 

 

213

 

 

 

69,879

 

 

 

70,092

 

 

 

 

Consumer

 

 

57

 

 

 

5

 

 

 

 

 

 

62

 

 

 

10,253

 

 

 

10,315

 

 

 

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

23

 

 

 

5

 

 

 

 

 

 

28

 

 

 

 

 

 

28

 

 

 

 

Commercial real estate

 

 

29

 

 

 

 

 

 

1,534

 

 

 

1,563

 

 

 

 

 

 

1,563

 

 

 

 

Commercial real estate - construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

19

 

 

 

57

 

 

 

913

 

 

 

989

 

 

 

219

 

 

 

1,208

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

4

 

 

 

4

 

 

 

 

 

 

4

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,457

 

 

$

89

 

 

$

8,105

 

 

$

9,651

 

 

$

1,614,416

 

 

$

1,624,067

 

 

$

 

Allowance and Recorded Investment in Financing Receivables

 

The following tables summarize the allowance and recorded investments in loans receivable.

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

three months ended,

September 30, 2019

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Lease financing

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2019

 

$

2,448

 

 

$

5,312

 

 

$

45

 

 

$

 

 

$

476

 

 

$

482

 

 

$

7

 

 

$

1

 

 

$

8,771

 

Charge-offs

 

 

(12

)

 

 

(42

)

 

 

 

 

 

 

 

 

(3

)

 

 

 

 

 

(9

)

 

 

 

 

 

(66

)

Recoveries

 

 

1

 

 

 

41

 

 

 

 

 

 

 

 

 

2

 

 

 

1

 

 

 

1

 

 

 

 

 

 

46

 

Provisions

 

 

6

 

 

 

544

 

 

 

1

 

 

 

 

 

 

(7

)

 

 

13

 

 

 

6

 

 

 

2

 

 

 

565

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

$

2,443

 

 

$

5,855

 

 

$

46

 

 

$

 

 

$

468

 

 

$

496

 

 

$

5

 

 

$

3

 

 

$

9,316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

nine months ended,

September 30, 2019

 

Commercial

and

industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Lease financing

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2019

 

$

2,391

 

 

$

4,703

 

 

$

75

 

 

$

 

 

$

453

 

 

$

528

 

 

$

7

 

 

$

240

 

 

$

8,397

 

Charge-offs

 

 

(217

)

 

 

(53

)

 

 

(40

)

 

 

 

 

 

(3

)

 

 

 

 

 

(57

)

 

 

 

 

 

(370

)

Recoveries

 

 

44

 

 

 

74

 

 

 

 

 

 

 

 

 

2

 

 

 

2

 

 

 

12

 

 

 

 

 

 

134

 

Provisions

 

 

225

 

 

 

1,131

 

 

 

11

 

 

 

 

 

 

16

 

 

 

(34

)

 

 

43

 

 

 

(237

)

 

 

1,155

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

2,443

 

 

 

5,855

 

 

 

46

 

 

 

 

 

 

468

 

 

 

496

 

 

 

5

 

 

 

3

 

 

 

9,316

 

Individually evaluated for impairment

 

 

 

 

 

336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

336

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

2,443

 

 

$

5,519

 

 

$

46

 

 

$

 

 

$

468

 

 

$

496

 

 

$

5

 

 

$

3

 

 

$

8,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

320,400

 

 

$

892,060

 

 

$

177,151

 

 

$

 

 

$

243,729

 

 

$

69,240

 

 

$

7,854

 

 

$

 

 

$

1,710,434

 

Ending balance: individually evaluated for impairment

 

 

 

 

 

2,324

 

 

 

40

 

 

 

 

 

 

881

 

 

 

26

 

 

 

 

 

 

 

 

 

3,271

 

Ending balance: acquired with credit deterioration

 

 

5

 

 

 

1,643

 

 

 

 

 

 

 

 

 

494

 

 

 

4

 

 

 

 

 

 

 

 

 

2,146

 

Ending balance: collectively evaluated for impairment

 

$

320,395

 

 

$

888,093

 

 

$

177,111

 

 

$

 

 

$

242,354

 

 

$

69,210

 

 

$

7,854

 

 

$

 

 

$

1,705,017

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

Commercial

and

industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Lease financing

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

2,391

 

 

$

4,703

 

 

$

75

 

 

$

 

 

$

453

 

 

$

528

 

 

$

7

 

 

$

240

 

 

$

8,397

 

Ending balance: individually evaluated for impairment

 

 

500

 

 

 

204

 

 

 

38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

742

 

Ending balance: collectively evaluated for impairment

 

$

1,891

 

 

$

4,499

 

 

$

37

 

 

$

 

 

$

453

 

 

$

528

 

 

$

7

 

 

$

240

 

 

$

7,655

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

286,518

 

 

$

861,369

 

 

$

142,173

 

 

$

53

 

 

$

253,543

 

 

$

70,096

 

 

$

10,315

 

 

$

 

 

$

1,624,067

 

Ending balance: individually evaluated

for impairment

 

 

4,527

 

 

 

2,728

 

 

 

367

 

 

 

 

 

 

811

 

 

 

30

 

 

 

 

 

 

 

 

 

8,463

 

Ending balance: acquired with credit deterioration

 

 

28

 

 

 

1,563

 

 

 

 

 

 

 

 

 

1,208

 

 

 

4

 

 

 

 

 

 

 

 

 

2,803

 

Ending balance: collectively evaluated

for impairment

 

$

281,963

 

 

$

857,078

 

 

$

141,806

 

 

$

53

 

 

$

251,524

 

 

$

70,062

 

 

$

10,315

 

 

$

 

 

$

1,612,801

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

three months ended,

September 30, 2018

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Lease financing

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2018

 

$

2,120

 

 

$

4,723

 

 

$

146

 

 

$

 

 

$

441

 

 

$

420

 

 

$

4

 

 

$

335

 

 

$

8,189

 

Charge-offs

 

 

(12

)

 

 

(34

)

 

 

 

 

 

 

 

 

(10

)

 

 

 

 

 

(11

)

 

 

 

 

 

(67

)

Recoveries

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

 

 

 

 

 

 

7

 

Provisions

 

 

232

 

 

 

130

 

 

 

(12

)

 

 

 

 

 

38

 

 

 

16

 

 

 

7

 

 

 

(311

)

 

 

100

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

$

2,340

 

 

$

4,821

 

 

$

134

 

 

$

 

 

$

469

 

 

$

436

 

 

$

5

 

 

$

24

 

 

$

8,229

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

nine months ended,

September 30, 2018

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Lease financing

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2018

 

 

1,795

 

 

 

4,435

 

 

 

178

 

 

 

 

 

 

428

 

 

 

423

 

 

 

3

 

 

 

344

 

 

$

7,606

 

Charge-offs

 

 

(142

)

 

 

(34

)

 

 

(40

)

 

 

 

 

 

(14

)

 

 

(167

)

 

 

(21

)

 

 

 

 

 

(418

)

Recoveries

 

 

1

 

 

 

807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8

 

 

 

 

 

 

816

 

Provisions

 

 

686

 

 

 

(387

)

 

 

(4

)

 

 

 

 

 

55

 

 

 

180

 

 

 

15

 

 

 

(320

)

 

 

225

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

 

2,340

 

 

 

4,821

 

 

 

134

 

 

 

 

 

 

469

 

 

 

436

 

 

 

5

 

 

 

24

 

 

 

8,229

 

Individually evaluated for impairment

 

 

489

 

 

 

243

 

 

 

38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

770

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

1,851

 

 

$

4,578

 

 

$

96

 

 

$

 

 

$

469

 

 

$

436

 

 

$

5

 

 

$

24

 

 

$

7,459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

269,150

 

 

$

812,822

 

 

$

145,368

 

 

$

132

 

 

$

255,386

 

 

$

73,849

 

 

$

10,579

 

 

$

 

 

$

1,567,286

 

Ending balance: individually evaluated for impairment

 

 

4,527

 

 

 

2,890

 

 

 

367

 

 

 

 

 

 

832

 

 

 

25

 

 

 

 

 

 

 

 

 

8,641

 

Ending balance: acquired with credit deterioration

 

 

28

 

 

 

1,456

 

 

 

 

 

 

 

 

 

1,264

 

 

 

4

 

 

 

 

 

 

 

 

 

2,752

 

Ending balance: collectively evaluated for impairment

 

$

264,595

 

 

$

808,476

 

 

$

145,001

 

 

$

132

 

 

$

253,290

 

 

$

73,820

 

 

$

10,579

 

 

$

 

 

$

1,555,893

 

 

Troubled Debt Restructurings

 

The recorded investments in troubled debt restructured loans at September 30, 2019 and December 31, 2018 are as follows:

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

September 30, 2019

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial real estate

$

2,670

 

 

$

2,571

 

 

$

1,894

 

Residential mortgage

 

677

 

 

 

675

 

 

 

497

 

 

$

3,347

 

 

$

3,246

 

 

$

2,391

 

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2018

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial and industrial

$

4,110

 

 

$

4,460

 

 

$

4,302

 

Commercial real estate

 

2,940

 

 

 

2,841

 

 

 

2,201

 

Residential mortgage

 

677

 

 

 

675

 

 

 

516

 

Home equity

 

14

 

 

 

14

 

 

 

1

 

 

$

7,741

 

 

$

7,990

 

 

$

7,020

 

Schedule of Accretion of Purchased Impaired Loan

The following tables provide activity for the accretable yield of acquired impaired loans from the Phoenix Bancorp, Inc. (March 2015), Scottdale (January 2018), and First Priority (July 2018) acquisitions for the three and nine months ended September 30, 2019.

 

(Dollars in thousands)

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 

2019

 

 

2018

 

Accretable yield, beginning of period

 

$

197

 

 

$

300

 

Acquisition of impaired loans

 

 

 

 

 

125

 

Accretable yield amortized to interest income

 

 

(55

)

 

 

(61

)

Accretable yield, end of period

 

$

142

 

 

$

364

 

 

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

Accretable yield, beginning of period

 

$

309

 

 

$

67

 

Acquisition of impaired loans

 

 

 

 

 

430

 

Accretable yield amortized to interest income

 

 

(167

)

 

 

(133

)

Accretable yield, end of period

 

$

142

 

 

$

364