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Recent Accounting Pronouncements (Tables)
 3 Months Ended
Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The impact of the adoption of ASC 326 on the Company's loan and lease portfolio was as follows:
(in thousands)
December 31, 2019
 
CECL Adoption
 
January 1, 2020
Allowance for Expected Credit Losses
 
 
 
 
 
   Real estate - construction
$
9,993

 
$
3,332

 
$
13,325

   Real estate - owner-occupied
16,115

 
(7,536
)
 
8,579

   Real estate - non-owner occupied
38,170

 
28,859

 
67,029

   Commercial & industrial
62,112

 
(14,656
)
 
47,456

   Residential mortgage
10,209

 
71,264

 
81,473

   Home equity
14,231

 
2,808

 
17,039

   Other consumer loans
12,395

 
(1,752
)
 
10,643

Total
$
163,225

 
$
82,319

 
$
245,544

 
 
 
 
 
 
Retained Earnings
 
 
 
 
 
Increase in allowance for expected credit losses
$
82,319

 
 
 
 
Balance sheet reclassification
5,987

 
 
 
 
Total pre-tax effect
88,306

 
 
 
 
Tax effect
20,701

 
 
 
 
Decrease to retained earnings
$
67,605