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LOAN PORTFOLIO (Tables) | 6 Months Ended
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Jun. 30, 2019
Accounts Notes And Loans Receivable [Line Items] |
Loan Portfolio Held for Investment [Table Text Block] | The following provides information about the loan portfolio held for investment:
|  | As of June 30, |  | As of December 31,
|  | 2019 |  | 2018
(In thousands) |
Residential mortgage loans, mainly secured by first mortgages | $ | 3,070,746 |  | $ | 3,163,208
Commercial loans: |  |  |  |  |
Construction loans |  | 100,244 |  |  | 79,429
Commercial mortgage loans |  | 1,550,364 |  |  | 1,522,662
Commercial and Industrial loans (1) |  | 2,279,685 |  |  | 2,148,111
Total commercial loans |  | 3,930,293 |  |  | 3,750,202
Finance leases |  | 370,907 |  |  | 333,536
Consumer loans |  | 1,742,009 |  |  | 1,611,177
Loans held for investment |  | 9,113,955 |  |  | 8,858,123
Allowance for loan and lease losses |  | (172,011) |  |  | (196,362)
Loans held for investment, net | $ | 8,941,944 |  | $ | 8,661,761
Loans Held for Investment on Which Accrual of Interest Income had been Discontinued [Table Text Block] |
Loans held for investment on which accrual of interest income had been discontinued were as follows:
|  | As of |  | As of
| June 30, |  | December 31,
(In thousands) | 2019 |  | 2018
Nonaccrual loans: |  |  |  |  |
| Residential mortgage | $ | 129,501 |  | $ | 147,287
| Commercial mortgage |  | 77,495 |  |  | 109,536
| Commercial and Industrial |  | 21,327 |  |  | 30,382
| Construction: |  |  |  |  |
| Land |  | 5,599 |  |  | 6,260
| Construction-residential |  | 1,337 |  |  | 2,102
| Consumer: |  |  |  |  |
| Auto loans |  | 10,361 |  |  | 11,212
| Finance leases |  | 994 |  |  | 1,329
| Other consumer loans |  | 6,491 |  |  | 7,865
Total nonaccrual loans held for investment (1)(2)(3) | $ | 253,105 |  | $ | 315,973
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] |
The Corporation’s aging of the loans held for investment portfolio is as follows:
|  |  |  |  |  |  |  |  | Purchased Credit-Impaired Loans |  |  |  |  |  |  |  |
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 days or more Past Due (1)(2)(3) |  | Total Past Due |  |  |  |  | Total loans held for investment |  | 90 days past due and still accruing (1)(2)(3)
As of June 30, 2019 |  |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  | Current |  |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA government-guaranteed loans (2) (3) (4) | $ | - |  | $ | 4,500 |  | $ | 89,687 |  | $ | 94,187 |  | $ | - |  | $ | 38,713 |  | $ | 132,900 |  | $ | 89,687
Other residential mortgage loans (2)(4) |  | - |  |  | 67,875 |  |  | 146,108 |  |  | 213,983 |  |  | 138,367 |  |  | 2,585,496 |  |  | 2,937,846 |  |  | 16,607
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and Industrial loans |  | 960 |  |  | 754 |  |  | 22,646 |  |  | 24,360 |  |  | - |  |  | 2,255,325 |  |  | 2,279,685 |  |  | 1,319
Commercial mortgage loans (4) |  | - |  |  | 1,473 |  |  | 81,099 |  |  | 82,572 |  |  | 3,339 |  |  | 1,464,453 |  |  | 1,550,364 |  |  | 3,604
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land (4) |  | - |  |  | 106 |  |  | 5,821 |  |  | 5,927 |  |  | - |  |  | 13,253 |  |  | 19,180 |  |  | 222
Construction-commercial |  | - |  |  | 2,800 |  |  | - |  |  | 2,800 |  |  | - |  |  | 66,136 |  |  | 68,936 |  |  | -
Construction-residential |  | - |  |  | - |  |  | 1,337 |  |  | 1,337 |  |  | - |  |  | 10,791 |  |  | 12,128 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 33,421 |  |  | 6,626 |  |  | 10,361 |  |  | 50,408 |  |  | - |  |  | 984,688 |  |  | 1,035,096 |  |  | -
Finance leases |  | 5,891 |  |  | 1,062 |  |  | 994 |  |  | 7,947 |  |  | - |  |  | 362,960 |  |  | 370,907 |  |  | -
Other consumer loans |  | 8,588 |  |  | 5,128 |  |  | 9,796 |  |  | 23,512 |  |  | - |  |  | 683,401 |  |  | 706,913 |  |  | 3,305
Total loans held for investment | $ | 48,860 |  | $ | 90,324 |  | $ | 367,849 |  | $ | 507,033 |  | $ | 141,706 |  | $ | 8,465,216 |  | $ | 9,113,955 |  | $ | 114,744
As of December 31, 2018 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 days or more Past Due (1)(2)(3) |  |  |  |  |  |  |  |  |  |  | Total loans held for investment |  | 90 days past due and still accruing (1)(2)(3)
(In thousands) |  |  |  |  | Total Past Due |  |  | Purchased Credit- Impaired Loans |  |  | Current |  |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA government-guaranteed loans (2) (3) (4) | $ | - |  | $ | 4,183 |  | $ | 104,751 |  | $ | 108,934 |  | $ | - |  | $ | 38,271 |  | $ | 147,205 |  | $ | 104,751
Other residential mortgage loans (2)(4) |  | - |  |  | 62,077 |  |  | 161,851 |  |  | 223,928 |  |  | 143,176 |  |  | 2,648,899 |  |  | 3,016,003 |  |  | 14,564
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and Industrial loans |  | 2,550 |  |  | 66 |  |  | 35,385 |  |  | 38,001 |  |  | - |  |  | 2,110,110 |  |  | 2,148,111 |  |  | 5,003
Commercial mortgage loans (4) |  | - |  |  | 1,038 |  |  | 110,482 |  |  | 111,520 |  |  | 3,464 |  |  | 1,407,678 |  |  | 1,522,662 |  |  | 946
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land (4) |  | - |  |  | 207 |  |  | 6,327 |  |  | 6,534 |  |  | - |  |  | 13,779 |  |  | 20,313 |  |  | 67
Construction-commercial (4) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 47,965 |  |  | 47,965 |  |  | -
Construction-residential (4) |  | - |  |  | - |  |  | 2,102 |  |  | 2,102 |  |  | - |  |  | 9,049 |  |  | 11,151 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 31,070 |  |  | 7,103 |  |  | 11,212 |  |  | 49,385 |  |  | - |  |  | 897,091 |  |  | 946,476 |  |  | -
Finance leases |  | 5,502 |  |  | 1,362 |  |  | 1,329 |  |  | 8,193 |  |  | - |  |  | 325,343 |  |  | 333,536 |  |  | -
Other consumer loans |  | 9,898 |  |  | 4,542 |  |  | 11,617 |  |  | 26,057 |  |  | - |  |  | 638,644 |  |  | 664,701 |  |  | 3,752
Total loans held for investment | $ | 49,020 |  | $ | 80,578 |  | $ | 445,056 |  | $ | 574,654 |  | $ | 146,640 |  | $ | 8,136,829 |  | $ | 8,858,123 |  | $ | 129,083
Corporation's Credit Quality Indicators by Loan [Table Text Block] |
The Corporation’s commercial and construction loans credit quality indicators as of June 30, 2019 and December 31, 2018 are summarized below:
|  | Commercial Credit Exposure - Credit Risk Profile Based on Creditworthiness Category:
|  |  |  |  | Substandard |  | Doubtful |  | Loss |  | Total Criticized Asset (1) |  | Total Portfolio
June 30, 2019 | Special Mention |  |  |  |  |
(In thousands) |  |  |  |  |
Commercial mortgage | $ | 126,766 |  | $ | 240,624 |  | $ | 1,533 |  | $ | - |  | $ | 368,923 |  | $ | 1,550,364
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | - |  |  | 6,648 |  |  | - |  |  | - |  |  | 6,648 |  |  | 19,180
Construction - commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 68,936
Construction - residential |  | - |  |  | 1,337 |  |  | - |  |  | - |  |  | 1,337 |  |  | 12,128
Commercial and Industrial |  | 16,760 |  |  | 34,874 |  |  | 2,563 |  |  | 241 |  |  | 54,438 |  |  | 2,279,685
|  | Commercial Credit Exposure - Credit Risk Profile Based on Creditworthiness Category:
|  |  |  |  | Substandard |  | Doubtful |  | Loss |  | Total Criticized Asset (1) |  | Total Portfolio
December 31, 2018 | Special Mention |  |  |  |  |
(In thousands) |  |  |  |  |
Commercial mortgage | $ | 172,260 |  | $ | 276,935 |  | $ | 1,701 |  | $ | - |  | $ | 450,896 |  | $ | 1,522,662
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | - |  |  | 7,407 |  |  | - |  |  | - |  |  | 7,407 |  |  | 20,313
Construction - commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 47,965
Construction - residential |  | - |  |  | 2,102 |  |  | - |  |  | - |  |  | 2,102 |  |  | 11,151
Commercial and Industrial |  | 85,557 |  |  | 45,274 |  |  | 6,114 |  |  | 396 |  |  | 137,341 |  |  | 2,148,111
The Corporation’s consumer and residential loans credit quality indicators as of June 30, 2019 and December 31, 2018 are summarized below:
|  | Consumer Credit Exposure - Credit Risk Profile Based on Payment Activity
|  | Residential Real Estate |  | Consumer
June 30, 2019 | FHA/VA/ Guaranteed (1) |  | Other residential loans |  | Auto |  | Finance Leases |  | Other Consumer
(In thousands) |  |
Performing | $ | 132,900 |  | $ | 2,669,978 |  | $ | 1,024,735 |  | $ | 369,913 |  | $ | 700,422
Purchased Credit-Impaired (2) |  | - |  |  | 138,367 |  |  | - |  |  | - |  |  | -
Nonaccrual |  | - |  |  | 129,501 |  |  | 10,361 |  |  | 994 |  |  | 6,491
Total | $ | 132,900 |  | $ | 2,937,846 |  | $ | 1,035,096 |  | $ | 370,907 |  | $ | 706,913
|  | Consumer Credit Exposure - Credit Risk Profile Based on Payment Activity
|  |  | Residential Real Estate |  | Consumer
December 31, 2018 | FHA/VA/ Guaranteed (1) |  | Other residential loans |  | Auto |  | Finance Leases |  | Other Consumer
(In thousands) |  |
Performing | $ | 147,205 |  | $ | 2,725,540 |  | $ | 935,264 |  | $ | 332,207 |  | $ | 656,836
Purchased Credit-Impaired (2) |  | - |  |  | 143,176 |  |  | - |  |  | - |  |  | -
Nonaccrual |  | - |  |  | 147,287 |  |  | 11,212 |  |  | 1,329 |  |  | 7,865
Total | $ | 147,205 |  | $ | 3,016,003 |  | $ | 946,476 |  | $ | 333,536 |  | $ | 664,701
Impaired Loans [Table Text Block] | The following tables present information about impaired loans held for investment, excluding PCI loans, which are reported separately, as discussed below:
Impaired Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Impaired Loans |  |  |  |  |  |  |  |  |
|  | Impaired Loans - With a Related Specific Allowance |  | With No Related Specific Allowance |  | Impaired Loans Total
| Recorded Investment (1) |  | Unpaid Principal Balance |  | Related Specific Allowance |  | Recorded Investment (1) |  | Unpaid Principal Balance |  | Recorded Investment (1) |  | Unpaid Principal Balance |  | Related Specific Allowance
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 284,821 |  |  | 314,596 |  |  | 18,788 |  |  | 106,195 |  |  | 147,771 |  |  | 391,016 |  |  | 462,367 |  |  | 18,788
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 127,909 |  |  | 139,958 |  |  | 9,023 |  |  | 79,600 |  |  | 100,325 |  |  | 207,509 |  |  | 240,283 |  |  | 9,023
Commercial and Industrial loans |  | 51,283 |  |  | 72,436 |  |  | 3,880 |  |  | 28,854 |  |  | 46,155 |  |  | 80,137 |  |  | 118,591 |  |  | 3,880
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 2,261 |  |  | 2,619 |  |  | 563 |  |  | 2,289 |  |  | 2,862 |  |  | 4,550 |  |  | 5,481 |  |  | 563
Construction-commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 523 |  |  | 523 |  |  | 11 |  |  | 956 |  |  | 1,531 |  |  | 1,479 |  |  | 2,054 |  |  | 11
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 16,003 |  |  | 15,969 |  |  | 3,567 |  |  | 121 |  |  | 213 |  |  | 16,124 |  |  | 16,182 |  |  | 3,567
Finance leases |  | 1,622 |  |  | 1,815 |  |  | 115 |  |  | - |  |  | - |  |  | 1,622 |  |  | 1,815 |  |  | 115
Other consumer loans |  | 8,299 |  |  | 9,229 |  |  | 888 |  |  | 1,092 |  |  | 2,422 |  |  | 9,391 |  |  | 11,651 |  |  | 888
| $ | 492,721 |  | $ | 557,145 |  | $ | 36,835 |  | $ | 219,107 |  | $ | 301,279 |  | $ | 711,828 |  | $ | 858,424 |  | $ | 36,835
(1) Excludes accrued interest receivable.
|  |  |  |  |  |  |  |  |  | Impaired Loans |  |  |  |  |  |  |  |  |
|  | Impaired Loans - With a Related Specific Allowance |  | With No Related Specific Allowance |  | Impaired Loans Total
| Recorded Investment (1) |  | Unpaid Principal Balance |  | Related Specific Allowance |  | Recorded Investment (1) |  | Unpaid Principal Balance |  | Recorded Investment (1) |  | Unpaid Principal Balance |  | Related Specific Allowance
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 293,494 |  |  | 325,897 |  |  | 19,965 |  |  | 110,238 |  |  | 148,920 |  |  | 403,732 |  |  | 474,817 |  |  | 19,965
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 184,068 |  |  | 201,116 |  |  | 17,684 |  |  | 43,358 |  |  | 49,253 |  |  | 227,426 |  |  | 250,369 |  |  | 17,684
Commercial and Industrial loans |  | 61,162 |  |  | 76,027 |  |  | 9,693 |  |  | 30,030 |  |  | 48,085 |  |  | 91,192 |  |  | 124,112 |  |  | 9,693
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 2,444 |  |  | 2,923 |  |  | 552 |  |  | 2,431 |  |  | 2,927 |  |  | 4,875 |  |  | 5,850 |  |  | 552
Construction-commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 1,718 |  |  | 2,370 |  |  | 208 |  |  | - |  |  | - |  |  | 1,718 |  |  | 2,370 |  |  | 208
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 17,781 |  |  | 17,781 |  |  | 3,689 |  |  | 250 |  |  | 250 |  |  | 18,031 |  |  | 18,031 |  |  | 3,689
Finance leases |  | 1,914 |  |  | 1,914 |  |  | 102 |  |  | 22 |  |  | 22 |  |  | 1,936 |  |  | 1,936 |  |  | 102
Other consumer loans |  | 9,291 |  |  | 10,066 |  |  | 2,083 |  |  | 2,068 |  |  | 2,750 |  |  | 11,359 |  |  | 12,816 |  |  | 2,083
| $ | 571,872 |  | $ | 638,094 |  | $ | 53,976 |  | $ | 188,397 |  | $ | 252,207 |  | $ | 760,269 |  | $ | 890,301 |  | $ | 53,976
(1) Excludes accrued interest receivable.
| Average Recorded Investment (1) |  | Interest Income on Accrual Basis |  | Interest Income on Cash Basis |  | Total Interest Income
(In thousands) |  |  |  |  |  |  |  |  |  |  |
For the quarter ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 392,477 |  |  | 4,364 |  |  | 282 |  |  | 4,646
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 214,375 |  |  | 2,122 |  |  | 50 |  |  | 2,172
Commercial and Industrial loans |  | 81,281 |  |  | 929 |  |  | 20 |  |  | 949
Construction: |  |  |  |  |  |  |  |  |  |  |
Land |  | 4,594 |  |  | 20 |  |  | 7 |  |  | 27
Construction-commercial |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 1,483 |  |  | 3 |  |  | - |  |  | 3
Consumer: |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 16,697 |  |  | 297 |  |  | - |  |  | 297
Finance leases |  | 1,695 |  |  | 35 |  |  | - |  |  | 35
Other consumer loans |  | 9,648 |  |  | 234 |  |  | 55 |  |  | 289
| $ | 722,250 |  | $ | 8,004 |  | $ | 414 |  | $ | 8,418
(1) Excludes accrued interest receivable.
| Average Recorded Investment (1) |  | Interest Income on Accrual Basis |  | Interest Income on Cash Basis |  | Total Interest Income
(In thousands) |  |  |  |  |  |  |  |  |  |  |
For the quarter ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 411,331 |  |  | 4,358 |  |  | 371 |  |  | 4,729
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 179,978 |  |  | 856 |  |  | 348 |  |  | 1,204
Commercial and Industrial loans |  | 114,749 |  |  | 624 |  |  | 16 |  |  | 640
Construction: |  |  |  |  |  |  |  |  |  |  |
Land |  | 11,370 |  |  | 23 |  |  | 7 |  |  | 30
Construction-commercial |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 252 |  |  | - |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 20,310 |  |  | 389 |  |  | - |  |  | 389
Finance leases |  | 1,677 |  |  | 28 |  |  | - |  |  | 28
Other consumer loans |  | 11,830 |  |  | 276 |  |  | 34 |  |  | 310
| $ | 751,497 |  | $ | 6,554 |  | $ | 776 |  | $ | 7,330
(1) Excludes accrued interest receivable.
| Average Recorded Investment (1) |  | Interest Income on Accrual Basis |  | Interest Income on Cash Basis |  | Total Interest Income
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Six-month Period Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 394,159 |  |  | 8,759 |  |  | 532 |  |  | 9,291
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 221,327 |  |  | 4,125 |  |  | 151 |  |  | 4,276
Commercial and Industrial loans |  | 84,551 |  |  | 1,871 |  |  | 22 |  |  | 1,893
Construction: |  |  |  |  |  |  |  |  |  |  |
Land |  | 4,655 |  |  | 41 |  |  | 18 |  |  | 59
Construction-commercial |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 1,489 |  |  | 3 |  |  | - |  |  | 3
Consumer: |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 17,274 |  |  | 607 |  |  | - |  |  | 607
Finance leases |  | 1,836 |  |  | 71 |  |  | - |  |  | 71
Other consumer loans |  | 10,093 |  |  | 460 |  |  | 83 |  |  | 543
| $ | 735,384 |  | $ | 15,937 |  | $ | 806 |  | $ | 16,743
(1) Excludes accrued interest receivable.
| Average Recorded Investment (1) |  | Interest Income on Accrual Basis |  | Interest Income on Cash Basis |  | Total Interest Income
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Six-Month Period Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 413,137 |  |  | 8,618 |  |  | 824 |  |  | 9,442
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 181,950 |  |  | 1,598 |  |  | 432 |  |  | 2,030
Commercial and Industrial loans |  | 114,379 |  |  | 1,173 |  |  | 44 |  |  | 1,217
Construction: |  |  |  |  |  |  |  |  |  |  |
Land |  | 11,522 |  |  | 47 |  |  | 15 |  |  | 62
Construction-commercial |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 252 |  |  | - |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 20,826 |  |  | 784 |  |  | - |  |  | 784
Finance leases |  | 1,754 |  |  | 59 |  |  | - |  |  | 59
Other consumer loans |  | 12,073 |  |  | 561 |  |  | 74 |  |  | 635
| $ | 755,893 |  | $ | 12,840 |  | $ | 1,389 |  | $ | 14,229
(1) Excludes accrued interest receivable.
The following tables show the activity for impaired loans for the quarters and six-month periods ended June 30, 2019 and 2018:
|  |  |  |  |  | Quarter Ended |  | Six-Month Period Ended
|  |  |  |  |  | June 30, |  | June 30,
|  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  |  |  | $ | 732,871 |  | $ | 746,280 |  | $ | 760,269 |  | $ | 790,308
Loans determined impaired during the period |  |  |  |  | 11,653 |  |  | 34,273 |  |  | 22,355 |  |  | 95,681
Charge-offs (1) |  |  |  |  | (15,627) |  |  | (13,207) |  |  | (29,048) |  |  | (30,420)
Loans sold, net of charge-offs |  |  |  |  | - |  |  | - |  |  | - |  |  | (4,121)
Increases to existing impaired loans |  |  |  |  | 362 |  |  | 77 |  |  | 1,615 |  |  | 7,075
Foreclosures |  |  |  |  | (4,950) |  |  | (7,777) |  |  | (12,934) |  |  | (19,452)
Loans no longer considered impaired |  |  |  |  | (551) |  |  | (2,433) |  |  | (703) |  |  | (3,940)
Loans transferred to held for sale |  |  |  |  | - |  |  | - |  |  | - |  |  | (57,213)
Paid in full, partial payments and other |  |  |  |  | (11,930) |  |  | (17,079) |  |  | (29,726) |  |  | (37,784)
Balance at end of period |  |  |  | $ | 711,828 |  | $ | 740,134 |  | $ | 711,828 |  | $ | 740,134
Allowance For Credit Losses On Financing Receivables [Table Text Block] |
The changes in the allowance for loan and lease losses were as follows:
| Residential Mortgage Loans |  | Commercial Mortgage Loans |  | Commercial & Industrial Loans |  | Construction Loans |  | Consumer Loans |  | Total
Quarter ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 51,886 |  | $ | 53,430 |  | $ | 22,321 |  | $ | 3,331 |  | $ | 52,764 |  | $ | 183,732
Charge-offs |  | (4,768) |  |  | (11,688) |  |  | (358) |  |  | (72) |  |  | (11,027) |  |  | (27,913)
Recoveries |  | 580 |  |  | 90 |  |  | 275 |  |  | 309 |  |  | 2,404 |  |  | 3,658
Provision (release) |  | 586 |  |  | 4,541 |  |  | (594) |  |  | (542) |  |  | 8,543 |  |  | 12,534
Ending balance | $ | 48,284 |  | $ | 46,373 |  | $ | 21,644 |  | $ | 3,026 |  | $ | 52,684 |  | $ | 172,011
Ending balance: specific reserve for impaired loans | $ | 18,788 |  | $ | 9,023 |  | $ | 3,880 |  | $ | 574 |  | $ | 4,570 |  | $ | 36,835
Ending balance: PCI loans (1) | $ | 11,063 |  | $ | 371 |  | $ | - |  | $ | - |  | $ | - |  | $ | 11,434
Ending balance: general allowance | $ | 18,433 |  | $ | 36,979 |  | $ | 17,764 |  | $ | 2,452 |  | $ | 48,114 |  | $ | 123,742
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 3,070,746 |  | $ | 1,550,364 |  | $ | 2,279,685 |  | $ | 100,244 |  | $ | 2,112,916 |  | $ | 9,113,955
Ending balance: impaired loans | $ | 391,016 |  | $ | 207,509 |  | $ | 80,137 |  | $ | 6,029 |  | $ | 27,137 |  | $ | 711,828
Ending balance: PCI loans | $ | 138,367 |  | $ | 3,339 |  | $ | - |  | $ | - |  | $ | - |  | $ | 141,706
Ending balance: loans with general allowance | $ | 2,541,363 |  | $ | 1,339,516 |  | $ | 2,199,548 |  | $ | 94,215 |  | $ | 2,085,779 |  | $ | 8,260,421
| Residential Mortgage Loans |  | Commercial Mortgage Loans |  | Commercial & Industrial Loans |  | Construction Loans |  | Consumer Loans |  | Total
Six-Month Period Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 50,794 |  | $ | 55,581 |  | $ | 32,546 |  | $ | 3,592 |  | $ | 53,849 |  | $ | 196,362
Charge-offs |  | (10,941) |  |  | (14,088) |  |  | (6,669) |  |  | (279) |  |  | (24,296) |  |  | (56,273)
Recoveries |  | 1,206 |  |  | 218 |  |  | 1,370 |  |  | 350 |  |  | 4,424 |  |  | 7,568
Provision (release) |  | 7,225 |  |  | 4,662 |  |  | (5,603) |  |  | (637) |  |  | 18,707 |  |  | 24,354
Ending balance | $ | 48,284 |  | $ | 46,373 |  | $ | 21,644 |  | $ | 3,026 |  | $ | 52,684 |  | $ | 172,011
Ending balance: specific reserve for impaired loans | $ | 18,788 |  | $ | 9,023 |  | $ | 3,880 |  | $ | 574 |  | $ | 4,570 |  | $ | 36,835
Ending balance: PCI loans (1) | $ | 11,063 |  | $ | 371 |  | $ | - |  | $ | - |  | $ | - |  | $ | 11,434
Ending balance: general allowance | $ | 18,433 |  | $ | 36,979 |  | $ | 17,764 |  | $ | 2,452 |  | $ | 48,114 |  | $ | 123,742
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 3,070,746 |  | $ | 1,550,364 |  | $ | 2,279,685 |  | $ | 100,244 |  | $ | 2,112,916 |  | $ | 9,113,955
Ending balance: impaired loans | $ | 391,016 |  | $ | 207,509 |  | $ | 80,137 |  | $ | 6,029 |  | $ | 27,137 |  | $ | 711,828
Ending balance: PCI loans | $ | 138,367 |  | $ | 3,339 |  | $ | - |  | $ | - |  | $ | - |  | $ | 141,706
Ending balance: loans with general allowance | $ | 2,541,363 |  | $ | 1,339,516 |  | $ | 2,199,548 |  | $ | 94,215 |  | $ | 2,085,779 |  | $ | 8,260,421
| Residential Mortgage Loans |  | Commercial Mortgage Loans |  | Commercial & Industrial Loans |  | Construction Loans |  | Consumer Loans |  | Total
Quarter ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 56,386 |  | $ | 50,393 |  | $ | 47,659 |  | $ | 4,122 |  | $ | 67,296 |  | $ | 225,856
Charge-offs |  | (5,544) |  |  | (3,897) |  |  | (5,110) |  |  | (818) |  |  | (12,327) |  |  | (27,696)
Recoveries |  | 689 |  |  | 38 |  |  | 1,376 |  |  | 138 |  |  | 2,098 |  |  | 4,339
Provision |  | 3,599 |  |  | 2,184 |  |  | 75 |  |  | 507 |  |  | 13,171 |  |  | 19,536
Ending balance | $ | 55,130 |  | $ | 48,718 |  | $ | 44,000 |  | $ | 3,949 |  | $ | 70,238 |  | $ | 222,035
Ending balance: specific reserve for impaired loans | $ | 19,804 |  | $ | 12,204 |  | $ | 10,592 |  | $ | 1,061 |  | $ | 5,853 |  | $ | 49,514
Ending balance: PCI loans (1) | $ | 10,954 |  | $ | 400 |  | $ | - |  | $ | - |  | $ | - |  | $ | 11,354
Ending balance: general allowance | $ | 24,372 |  | $ | 36,114 |  | $ | 33,408 |  | $ | 2,888 |  | $ | 64,385 |  | $ | 161,167
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 3,238,001 |  | $ | 1,533,308 |  | $ | 2,009,049 |  | $ | 84,683 |  | $ | 1,775,250 |  | $ | 8,640,291
Ending balance: impaired loans | $ | 409,085 |  | $ | 175,575 |  | $ | 111,371 |  | $ | 11,261 |  | $ | 32,842 |  | $ | 740,134
Ending balance: PCI loans | $ | 148,025 |  | $ | 4,217 |  | $ | - |  | $ | - |  | $ | - |  | $ | 152,242
Ending balance: loans with general allowance | $ | 2,680,891 |  | $ | 1,353,516 |  | $ | 1,897,678 |  | $ | 73,422 |  | $ | 1,742,408 |  | $ | 7,747,915
| Residential Mortgage Loans |  | Commercial Mortgage Loans |  | Commercial & Industrial Loans |  | Construction Loans |  | Consumer Loans |  | Total
Six-Month Period Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 58,975 |  | $ | 48,493 |  | $ | 48,871 |  | $ | 4,522 |  | $ | 70,982 |  | $ | 231,843
Charge-offs (2) |  | (8,915) |  |  | (10,707) |  |  | (7,040) |  |  | (5,995) |  |  | (24,399) |  |  | (57,056)
Recoveries |  | 1,024 |  |  | 87 |  |  | 1,438 |  |  | 151 |  |  | 4,468 |  |  | 7,168
Provision (2) |  | 4,046 |  |  | 10,845 |  |  | 731 |  |  | 5,271 |  |  | 19,187 |  |  | 40,080
Ending balance | $ | 55,130 |  | $ | 48,718 |  | $ | 44,000 |  | $ | 3,949 |  | $ | 70,238 |  | $ | 222,035
Ending balance: specific reserve for impaired loans | $ | 19,804 |  | $ | 12,204 |  | $ | 10,592 |  | $ | 1,061 |  | $ | 5,853 |  | $ | 49,514
Ending balance: PCI loans (1) | $ | 10,954 |  | $ | 400 |  | $ | - |  | $ | - |  | $ | - |  | $ | 11,354
Ending balance: general allowance | $ | 24,372 |  | $ | 36,114 |  | $ | 33,408 |  | $ | 2,888 |  | $ | 64,385 |  | $ | 161,167
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 3,238,001 |  | $ | 1,533,308 |  | $ | 2,009,049 |  | $ | 84,683 |  | $ | 1,775,250 |  | $ | 8,640,291
Ending balance: impaired loans | $ | 409,085 |  | $ | 175,575 |  | $ | 111,371 |  | $ | 11,261 |  | $ | 32,842 |  | $ | 740,134
Ending balance: PCI loans | $ | 148,025 |  | $ | 4,217 |  | $ | - |  | $ | - |  | $ | - |  | $ | 152,242
Ending balance: loans with general allowance | $ | 2,680,891 |  | $ | 1,353,516 |  | $ | 1,897,678 |  | $ | 73,422 |  | $ | 1,742,408 |  | $ | 7,747,915
The tables below present the allowance for loan and lease losses and the carrying value of loans by portfolio segment as of June 30, 2019 and December 31, 2018: |
As of June 30, 2019 | Residential Mortgage Loans |  | Commercial Mortgage Loans |  | Commercial and Industrial Loans |  |  |  | Consumer Loans |  |  |  |
|  |  |  | Construction Loans |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  | Total |
Impaired loans without specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans, net of charge-offs | $ | 106,195 |  | $ | 79,600 |  | $ | 28,854 |  | $ | 3,245 |  | $ | 1,213 |  |  | $ | 219,107 |
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans, net of charge-offs |  | 284,821 |  |  | 127,909 |  |  | 51,283 |  |  | 2,784 |  |  | 25,924 |  |  |  | 492,721 |
Allowance for loan and lease losses |  | 18,788 |  |  | 9,023 |  |  | 3,880 |  |  | 574 |  |  | 4,570 |  |  |  | 36,835 |
Allowance for loan and lease losses to principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
balance |  | 6.60 | % |  | 7.05 | % |  | 7.57 | % |  | 20.62 | % |  | 17.63 | % |  |  | 7.48 | %
PCI loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Carrying value of PCI loans | $ | 138,367 |  | $ | 3,339 |  | $ | - |  | $ | - |  | $ | - |  |  | $ | 141,706 |
Allowance for PCI loans |  | 11,063 |  |  | 371 |  |  | - |  |  | - |  |  | - |  |  |  | 11,434 |
Allowance for PCI loans to carrying value |  | 8.00 | % |  | 11.11 | % |  |  |  |  |  |  |  |  |  |  |  | 8.07 | %
Loans with general allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans | $ | 2,541,363 |  | $ | 1,339,516 |  | $ | 2,199,548 |  | $ | 94,215 |  | $ | 2,085,779 |  |  | $ | 8,260,421 |
Allowance for loan and lease losses |  | 18,433 |  |  | 36,979 |  |  | 17,764 |  |  | 2,452 |  |  | 48,114 |  |  |  | 123,742 |
Allowance for loan and lease losses to principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
balance |  | 0.73 | % |  | 2.76 | % |  | 0.81 | % |  | 2.60 | % |  | 2.31 |  | % |  | 1.50 | %
Total loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans | $ | 3,070,746 |  | $ | 1,550,364 |  | $ | 2,279,685 |  | $ | 100,244 |  | $ | 2,112,916 |  |  | $ | 9,113,955 |
Allowance for loan and lease losses |  | 48,284 |  |  | 46,373 |  |  | 21,644 |  |  | 3,026 |  |  | 52,684 |  |  |  | 172,011 |
Allowance for loan and lease losses to principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
balance (1) |  | 1.57 | % |  | 2.99 | % |  | 0.95 | % |  | 3.02 | % |  | 2.49 |  | % |  | 1.89 | %
As of December 31, 2018 | Residential Mortgage Loans |  | Commercial Mortgage Loans |  | Commercial and Industrial Loans |  |  |  | Consumer Loans |  |  |
|  |  |  | Construction Loans |  |  |  |
(Dollars in thousands) |  |  |  |  |  | Total |
Impaired loans without specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans, net of charge-offs | $ | 110,238 |  | $ | 43,358 |  | $ | 30,030 |  | $ | 2,431 |  | $ | 2,340 |  | $ | 188,397 |
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans, net of charge-offs |  | 293,494 |  |  | 184,068 |  |  | 61,162 |  |  | 4,162 |  |  | 28,986 |  |  | 571,872 |
Allowance for loan and lease losses |  | 19,965 |  |  | 17,684 |  |  | 9,693 |  |  | 760 |  |  | 5,874 |  |  | 53,976 |
Allowance for loan and lease losses to principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
balance |  | 6.80 | % |  | 9.61 | % |  | 15.85 | % |  | 18.26 | % |  | 20.26 | % |  | 9.44 | %
PCI loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Carrying value of PCI loans | $ | 143,176 |  | $ | 3,464 |  | $ | - |  | $ | - |  | $ | - |  | $ | 146,640 |
Allowance for PCI loans |  | 10,954 |  |  | 400 |  |  | - |  |  | - |  |  | - |  |  | 11,354 |
Allowance for PCI loans to carrying value |  | 7.65 | % |  | 11.55 | % |  |  |  |  |  |  |  |  |  |  | 7.74 | %
Loans with general allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans | $ | 2,616,300 |  | $ | 1,291,772 |  | $ | 2,056,919 |  | $ | 72,836 |  | $ | 1,913,387 |  | $ | 7,951,214 |
Allowance for loan and lease losses |  | 19,875 |  |  | 37,497 |  |  | 22,853 |  |  | 2,832 |  |  | 47,975 |  |  | 131,032 |
Allowance for loan and lease losses to principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
balance |  | 0.76 | % |  | 2.90 | % |  | 1.11 | % |  | 3.89 | % |  | 2.51 | % |  | 1.65 | %
Total loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal balance of loans | $ | 3,163,208 |  | $ | 1,522,662 |  | $ | 2,148,111 |  | $ | 79,429 |  | $ | 1,944,713 |  | $ | 8,858,123 |
Allowance for loan and lease losses |  | 50,794 |  |  | 55,581 |  |  | 32,546 |  |  | 3,592 |  |  | 53,849 |  |  | 196,362 |
Allowance for loan and lease losses to principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
balance (1) |  | 1.61 | % |  | 3.65 | % |  | 1.52 | % |  | 4.52 | % |  | 2.77 | % |  | 2.22 | %
TDR [Member] |
Accounts Notes And Loans Receivable [Line Items] |
Troubled Debt Restructurings On Financing Receivables [Table Text Block] |
Selected information on all of the Corporation's TDR loans held for investment based on the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all of the Corporation's TDRs held for investment:
|  | As of June 30, 2019
| Interest rate below market |  | Maturity or term extension |  | Combination of reduction in interest rate and extension of maturity |  | Forgiveness of principal and/or interest |  | Forbearance Agreement |  | Other (1) |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non - FHA/VA residential mortgage loans | $ | 20,893 |  | $ | 12,502 |  | $ | 230,894 |  | $ | - |  | $ | 143 |  | $ | 62,271 |  | $ | 326,703
Commercial Mortgage loans (2) |  | 3,882 |  |  | 1,804 |  |  | 118,774 |  |  | - |  |  | 19,991 |  |  | 8,915 |  |  | 153,366
Commercial and Industrial loans |  | 627 |  |  | 18,861 |  |  | 12,605 |  |  | - |  |  | 709 |  |  | 37,708 |  |  | 70,510
Construction loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 26 |  |  | 2,371 |  |  | 1,782 |  |  | - |  |  | - |  |  | 261 |  |  | 4,440
Construction-commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | - |  |  | 523 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 523
Consumer loans - Auto |  | - |  |  | 1,212 |  |  | 8,778 |  |  | - |  |  | - |  |  | 6,134 |  |  | 16,124
Finance leases |  | - |  |  | 73 |  |  | 1,145 |  |  | - |  |  | - |  |  | 404 |  |  | 1,622
Consumer loans - Other |  | 1,329 |  |  | 1,161 |  |  | 5,125 |  |  | 227 |  |  | - |  |  | 1,259 |  |  | 9,101
Total Troubled Debt Restructurings | $ | 26,757 |  | $ | 38,507 |  | $ | 379,103 |  | $ | 227 |  | $ | 20,843 |  | $ | 116,952 |  | $ | 582,389
|  | As of December 31, 2018
| Interest rate below market |  | Maturity or term extension |  | Combination of reduction in interest rate and extension of maturity |  | Forgiveness of principal and/or interest |  | Forbearance Agreement |  | Other (1) |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non - FHA/VA residential mortgage loans | $ | 22,729 |  | $ | 11,586 |  | $ | 239,348 |  | $ | - |  | $ | 145 |  | $ | 60,094 |  | $ | 333,902
Commercial Mortgage loans (2) |  | 3,966 |  |  | 2,005 |  |  | 122,709 |  |  | - |  |  | - |  |  | 9,269 |  |  | 137,949
Commercial and Industrial loans (3) |  | 664 |  |  | 19,769 |  |  | 13,323 |  |  | - |  |  | 2,673 |  |  | 38,492 |  |  | 74,921
Construction loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 16 |  |  | 2,524 |  |  | 1,933 |  |  | - |  |  | - |  |  | 292 |  |  | 4,765
Construction-commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | - |  |  | 545 |  |  | - |  |  | - |  |  | - |  |  | 217 |  |  | 762
Consumer loans - Auto |  | - |  |  | 1,517 |  |  | 10,085 |  |  | - |  |  | - |  |  | 6,429 |  |  | 18,031
Finance leases |  | - |  |  | 101 |  |  | 1,186 |  |  | - |  |  | - |  |  | 648 |  |  | 1,935
Consumer loans - Other |  | 1,396 |  |  | 1,236 |  |  | 5,651 |  |  | 275 |  |  | - |  |  | 1,824 |  |  | 10,382
Total Troubled Debt Restructurings | $ | 28,771 |  | $ | 39,283 |  | $ | 394,235 |  | $ | 275 |  | $ | 2,818 |  | $ | 117,265 |  | $ | 582,647
| The following table presents the Corporation's TDR loans held for investment activity:
|  |  |  | Quarter Ended |  | Six-Month Period Ended
| June 30, |  | June 30,
|  |  |  | 2019 |  | 2018 |  | 2019 |  | 2018
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance of TDRs |  | $ | 589,795 |  |  | $ | 572,376 |  | $ | 582,647 |  |  | $ | 587,219
New TDRs |  |  | 6,961 |  |  |  | 13,228 |  |  | 32,420 |  |  |  | 56,647
Increases to existing TDRs |  |  | 347 |  |  |  | 75 |  |  | 1,522 |  |  |  | 6,846
Charge-offs post modification (1) |  |  | (2,092) |  |  |  | (8,616) |  |  | (4,913) |  |  |  | (17,787)
Foreclosures |  |  | (3,278) |  |  |  | (3,759) |  |  | (6,921) |  |  |  | (10,802)
TDRs transferred to held for sale, net of charge-off |  |  | - |  |  |  | - |  |  | - |  |  |  | (30,000)
Paid-off, partial payments and other |  |  | (9,344) |  |  |  | (16,108) |  |  | (22,366) |  |  |  | (34,927)
Ending balance of TDRs |  | $ | 582,389 |  |  | $ | 557,196 |  | $ | 582,389 |  |  | $ | 557,196
The following tables provide a breakdown of the TDR loans held for investment by those in accrual and nonaccrual status: |
| As of June 30, 2019
|  | Accrual |  | Nonaccrual (1) |  | Total TDRs
(In thousands) |  |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | $ | 271,067 |  | $ | 55,636 |  | $ | 326,703
Commercial mortgage loans (2) |  | 125,793 |  |  | 27,573 |  |  | 153,366
Commercial and Industrial loans |  | 63,216 |  |  | 7,294 |  |  | 70,510
Construction loans: |  |  |  |  |  |  |  |
Land |  | 980 |  |  | 3,460 |  |  | 4,440
Construction-commercial |  | - |  |  | - |  |  | -
Construction-residential |  | 523 |  |  | - |  |  | 523
Consumer loans - Auto | 10,385 |  |  | 5,739 |  |  | 16,124
Finance leases | 1,597 |  |  | 25 |  |  | 1,622
Consumer loans - Other |  | 8,485 |  |  | 616 |  |  | 9,101
Total Troubled Debt Restructurings | $ | 482,046 |  | $ | 100,343 |  | $ | 582,389
| As of December 31, 2018
|  | Accrual |  | Nonaccrual (1) |  | Total TDRs
(In thousands) |  |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | $ | 271,766 |  | $ | 62,136 |  | $ | 333,902
Commercial mortgage loans (2) |  | 116,830 |  |  | 21,119 |  |  | 137,949
Commercial and Industrial loans (3) |  | 66,603 |  |  | 8,318 |  |  | 74,921
Construction loans: |  |  |  |  |  |  |  |
Land |  | 1,071 |  |  | 3,694 |  |  | 4,765
Construction-commercial |  | - |  |  | - |  |  | -
Construction-residential |  | - |  |  | 762 |  |  | 762
Consumer loans - Auto |  | 11,842 |  |  | 6,189 |  |  | 18,031
Finance leases |  | 1,791 |  |  | 144 |  |  | 1,935
Consumer loans - Other |  | 9,025 |  |  | 1,357 |  |  | 10,382
Total Troubled Debt Restructurings | $ | 478,928 |  | $ | 103,719 |  | $ | 582,647
Loan modifications that are considered TDR loans completed during the quarters and six-month periods ended June 30, 2019 and 2018, were as follows:
| Quarter Ended June 30, 2019
| Number of contracts |  | Pre-modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
(Dollars in thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | 37 |  | $ | 4,174 |  | $ | 3,974
Commercial mortgage loans | 3 |  |  | 520 |  |  | 520
Commercial and Industrial loans | 2 |  |  | 96 |  |  | 96
Construction loans: |  |  |  |  |  |  |
Land | 3 |  |  | 106 |  |  | 105
Consumer loans - Auto | 76 |  |  | 1,175 |  |  | 1,141
Finance leases | 14 |  |  | 285 |  |  | 282
Consumer loans - Other | 174 |  |  | 841 |  |  | 843
Total Troubled Debt Restructurings | 309 |  | $ | 7,197 |  | $ | 6,961
| Six-Month Period Ended June 30, 2019
| Number of contracts |  | Pre-modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
(Dollars in thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | 66 |  | $ | 7,352 |  | $ | 7,165
Commercial mortgage loans | 6 |  |  | 23,030 |  |  | 20,854
Commercial and Industrial loans | 6 |  |  | 203 |  |  | 202
Construction loans: |  |  |  |  |  |  |
Land | 4 |  |  | 118 |  |  | 117
Consumer loans - Auto | 138 |  |  | 2,122 |  |  | 2,088
Finance leases | 21 |  |  | 444 |  |  | 441
Consumer loans - Other | 322 |  |  | 1,533 |  |  | 1,553
Total Troubled Debt Restructurings | 563 |  | $ | 34,802 |  | $ | 32,420
| Quarter Ended June 30, 2018
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
(Dollars in thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | 19 |  | $ | 2,034 |  | $ | 1,934
Commercial mortgage loans | 2 |  |  | 5,765 |  |  | 5,765
Commercial and Industrial loans | 3 |  |  | 3,453 |  |  | 3,128
Construction loans: |  |  |  |  |  |  |
Land | 1 |  |  | 97 |  |  | 97
Consumer loans - Auto | 76 |  |  | 1,245 |  |  | 1,239
Consumer loans - Other | 231 |  |  | 1,034 |  |  | 1,065
Total Troubled Debt Restructurings | 332 |  | $ | 13,628 |  | $ | 13,228
| Six-Month Period Ended June 30, 2018
| Number of contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
(Dollars in thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | 43 |  | $ | 4,642 |  | $ | 4,548
Commercial mortgage loans | 5 |  |  | 42,511 |  |  | 42,523
Commercial and Industrial loans | 6 |  |  | 6,050 |  |  | 5,710
Construction loans: |  |  |  |  |  |  |
Land | 1 |  |  | 97 |  |  | 97
Consumer loans - Auto | 121 |  |  | 1,925 |  |  | 1,919
Consumer loans - Other | 367 |  |  | 1,819 |  |  | 1,850
Total Troubled Debt Restructurings | 543 |  | $ | 57,044 |  | $ | 56,647
Loan modifications considered TDR loans that defaulted during the quarters and six-month periods ended June 30, 2019 and 2018, and had become TDR during the 12-months preceding the default date, were as follows:
| Quarter Ended June 30,
| 2019 |  | 2018
| Number of contracts |  | Recorded Investment |  | Number of contracts |  | Recorded Investment
(Dollars in thousands) |  |  |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | 3 |  | $ | 184 |  | 6 |  | $ | 681
Consumer loans - Auto | 29 |  |  | 517 |  | 31 |  |  | 514
Consumer loans - Other | 16 |  |  | 57 |  | 28 |  |  | 100
Total | 48 |  | $ | 758 |  | 65 |  | $ | 1,295
| Six-Month Period Ended June 30,
| 2019 |  | 2018
| Number of contracts |  | Recorded Investment |  | Number of contracts |  | Recorded Investment
(Dollars in thousands) |  |  |  |  |  |  |  |  |
Non-FHA/VA residential mortgage loans | 3 |  | $ | 184 |  | 10 |  | $ | 1,068
Consumer loans - Auto | 49 |  |  | 767 |  | 33 |  |  | 537
Consumer loans - Other | 34 |  |  | 105 |  | 39 |  |  | 154
Finance leases | - |  |  | - |  | 1 |  |  | 22
Total | 86 |  | $ | 1,056 |  | 83 |  | $ | 1,781
TDR [Member] | 90 days or more Past Due [Member] | Loan Split [Member] |
Accounts Notes And Loans Receivable [Line Items] |
Troubled Debt Restructurings On Financing Receivables [Table Text Block] | The following tables provide additional information about the volume of this type of loan restructuring as of June 30, 2019 and 2018 and the effect on the allowance for loan and lease losses in the first six months of 2019 and 2018:
(In thousands) | June 30, 2019 |  | June 30, 2018
Beginning balance | $ | 33,840 |  | $ | 35,577
New TDR loan splits |  | 20,059 |  |  | 29,601
Paid-off and partial payments |  | (683) |  |  | (619)
Ending balance | $ | 53,216 |  | $ | 64,559
(In thousands) | June 30, 2019 |  | June 30, 2018
Allowance for loan losses at the beginning of the year | $ | 473 |  | $ | 3,846
Charges to the provision for loan losses |  | 1,106 |  |  | 1,902
Net charge-offs |  | - |  |  | (1,137)
Allowance for loan losses at the end of the year | $ | 1,579 |  | $ | 4,611
PCI loans |
Accounts Notes And Loans Receivable [Line Items] |
Loan Portfolio Held for Investment [Table Text Block] |
The carrying amounts of PCI loans were as follows:
|  | As of
| June 30, |  | December 31,
| 2019 |  | 2018
(In thousands) |  |  |  |  |
Residential mortgage loans | $ | 138,367 |  | $ | 143,176
Commercial mortgage loans |  | 3,339 |  |  | 3,464
Total PCI loans | $ | 141,706 |  | $ | 146,640
Allowance for loan losses |  | (11,434) |  |  | (11,354)
Total PCI loans, net of allowance for loan losses | $ | 130,272 |  | $ | 135,286
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] |
The following tables present PCI loans by past due status as of June 30, 2019 and December 31, 2018:
As of June 30, 2019 | 30-59 Days |  | 60-89 Days |  | 90 days or more |  | Total Past Due |  |  |  |  | Total PCI loans |
|  |  |  |  |  | Current |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans | $ | - |  | $ | 7,750 |  | $ | 24,626 |  | $ | 32,376 |  |  | $ | 105,991 |  | $ | 138,367 |
Commercial mortgage loans |  | - |  |  | - |  |  | 2,397 |  |  | 2,397 |  |  |  | 942 |  |  | 3,339 |
Total (1) | $ | - |  | $ | 7,750 |  | $ | 27,023 |  | $ | 34,773 |  |  | $ | 106,933 |  | $ | 141,706 |
As of December 31, 2018 | 30-59 Days |  | 60-89 Days |  | 90 days or more |  | Total Past Due |  |  |  |  | Total PCI loans |
|  |  |  |  |  | Current |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans | $ | - |  | $ | 6,979 |  | $ | 26,932 |  | $ | 33,911 |  |  | $ | 109,265 |  | $ | 143,176 |
Commercial mortgage loans |  | - |  |  | - |  |  | 2,512 |  |  | 2,512 |  |  |  | 952 |  |  | 3,464 |
Total (1) | $ | - |  | $ | 6,979 |  | $ | 29,444 |  | $ | 36,423 |  |  | $ | 110,217 |  | $ | 146,640 |
Accretable yield [Table Text Block] |
Changes in the accretable yield of PCI loans for the quarters and six-month periods ended June 30, 2019 and 2018 were as follows:
| Quarter Ended |  | Six-Month Period Ended
| June 30, |  | June 30, |  | June 30, |  | June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 91,060 |  | $ | 101,059 |  | $ | 93,493 |  | $ | 103,682
Accretion recognized in earnings |  | (2,365) |  |  | (2,570) |  |  | (4,798) |  |  | (5,193)
Balance at end of period | $ | 88,695 |  | $ | 98,489 |  | $ | 88,695 |  | $ | 98,489
Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block] |
Changes in the carrying amount of PCI loans accounted for pursuant to ASC Topic 310-30 were as follows:
|  |  | Quarter Ended |  | Six-Month Period Ended
|  |  | June 30, 2019 |  | June 30, 2018 |  | June 30, 2019 |  | June 30, 2018
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 144,443 |  | $ | 155,281 |  | $ | 146,640 |  | $ | 158,174
Accretion |  | 2,365 |  |  | 2,570 |  |  | 4,798 |  |  | 5,193
Collections |  | (4,260) |  |  | (4,359) |  |  | (8,100) |  |  | (7,755)
Foreclosures |  | (842) |  |  | (1,250) |  |  | (1,632) |  |  | (3,370)
Ending balance | $ | 141,706 |  | $ | 152,242 |  | $ | 141,706 |  | $ | 152,242
Allowance for loan losses |  | (11,434) |  |  | (11,354) |  |  | (11,434) |  |  | (11,354)
Ending balance, net of allowance for loan losses | $ | 130,272 |  | $ | 140,888 |  | $ | 130,272 |  | $ | 140,888
Allowance For Credit Losses On Financing Receivables [Table Text Block] |
Changes in the allowance for loan losses related to PCI loans were as follows:
|  |  | Quarter Ended |  | Six-Month Period Ended
|  |  | June 30, 2019 |  | June 30, 2018 |  | June 30, 2019 |  | June 30, 2018
(In thousands) |  |
Balance at beginning of period | $ | 11,354 |  | $ | 11,251 |  | $ | 11,354 |  | $ | 11,251
Provision for loan losses |  | 80 |  |  | 103 |  |  | 80 |  |  | 103
Balance at the end of period |  | $ | 11,434 |  | $ | 11,354 |  | $ | 11,434 |  | $ | 11,354

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