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LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Schedule of Allowance for Loan Losses | The following table summarizes the change in allowance for credit losses by loan category, and bifurcates the amount of loans allocated to each loan category for the periods indicated:
| Years Ended December 31, 2022
| (Dollars in thousands)
| Commercial and Industrial |  | Commercial Real Estate |  | Commercial Construction |  | Small Business |  | Residential Real Estate |  | Home Equity |  | Other Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 14,402 |  |  | $ | 83,486 |  |  | $ | 12,316 |  |  | $ | 3,508 |  |  | $ | 14,484 |  |  | $ | 17,986 |  |  | $ | 740 |  |  | $ | 146,922 |
Charge-offs | — |  |  | (62) |  |  | — |  |  | (196) |  |  | — |  |  | (122) |  |  | (2,272) |  |  | (2,652) |
Recoveries | 49 |  |  | 333 |  |  | — |  |  | 149 |  |  | — |  |  | 121 |  |  | 997 |  |  | 1,649 |
Provision for credit loss expense | 13,108 |  |  | (5,958) |  |  | (1,554) |  |  | (627) |  |  | 6,489 |  |  | (6,481) |  |  | 1,523 |  |  | 6,500 |
Ending balance (1) | $ | 27,559 |  |  | $ | 77,799 |  |  | $ | 10,762 |  |  | $ | 2,834 |  |  | $ | 20,973 |  |  | $ | 11,504 |  |  | $ | 988 |  |  | $ | 152,419 |
| Years Ended December 31, 2021
| (Dollars in thousands)
| Commercial and Industrial |  | Commercial Real Estate |  | Commercial Construction |  | Small Business |  | Residential Real Estate |  | Home Equity |  | Other Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 21,086 |  |  | $ | 45,009 |  |  | $ | 5,397 |  |  | $ | 5,095 |  |  | $ | 14,275 |  |  | $ | 22,060 |  |  | $ | 470 |  |  | $ | 113,392 |
Charge-offs | (3,474) |  |  | — |  |  | — |  |  | (219) |  |  | — |  |  | (69) |  |  | (1,182) |  |  | (4,944) |
Recoveries | 2,686 |  |  | 57 |  |  | — |  |  | 98 |  |  | 1 |  |  | 249 |  |  | 638 |  |  | 3,729 |
Initial reserve on PCD loans | 166 |  |  | 14,397 |  |  | 1,019 |  |  | — |  |  | 429 |  |  | 163 |  |  | 366 |  |  | 16,540 |
Provision for credit loss expense | (6,062) |  |  | 24,023 |  |  | 5,900 |  |  | (1,466) |  |  | (221) |  |  | (4,417) |  |  | 448 |  |  | 18,205 |
Ending balance (1) | $ | 14,402 |  |  | $ | 83,486 |  |  | $ | 12,316 |  |  | $ | 3,508 |  |  | $ | 14,484 |  |  | $ | 17,986 |  |  | $ | 740 |  |  | $ | 146,922 |
| Year Ended December 31, 2020
| (Dollars in thousands)
| Commercial and Industrial |  | Commercial Real Estate |  | Commercial Construction |  | Small Business |  | Residential Real Estate |  | Home Equity |  | Other Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, pre adoption of ASU 2016-13 | $ | 17,594 |  |  | $ | 32,935 |  |  | $ | 6,053 |  |  | $ | 1,746 |  |  | $ | 3,440 |  |  | $ | 5,576 |  |  | $ | 396 |  |  | $ | 67,740 |
Cumulative effect accounting adjustment (2) | (1,984) |  |  | (13,048) |  |  | (3,652) |  |  | 495 |  |  | 9,828 |  |  | 7,012 |  |  | 212 |  |  | (1,137) |
Cumulative effect accounting adjustment (3) | 49 |  |  | 337 |  |  | — |  |  | — |  |  | 423 |  |  | 319 |  |  | 29 |  |  | 1,157 |
Charge-offs | (2,309) |  |  | (3,885) |  |  | — |  |  | (380) |  |  | (105) |  |  | (142) |  |  | (1,625) |  |  | (8,446) |
Recoveries | 289 |  |  | 9 |  |  | — |  |  | 33 |  |  | 2 |  |  | 210 |  |  | 1,035 |  |  | 1,578 |
Provision (benefit) | 7,447 |  |  | 28,661 |  |  | 2,996 |  |  | 3,201 |  |  | 687 |  |  | 9,085 |  |  | 423 |  |  | 52,500 |
Ending balance (1) | $ | 21,086 |  |  | $ | 45,009 |  |  | $ | 5,397 |  |  | $ | 5,095 |  |  | $ | 14,275 |  |  | $ | 22,060 |  |  | $ | 470 |  |  | $ | 113,392 |
(1)Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $50.8 million, $43.7 million, and $36.0 million at December 31, 2022, 2021, and 2020, respectively. (2)Represents adjustment needed to reflect the cumulative day one impact pursuant to the Company's adoption of Accounting Standards Update 2016-13 on January 1, 2020. The adjustment represents a $1.1 million decrease to the allowance attributable to the change in accounting methodology for estimating the allowance for credit losses resulting from the Company's adoption of the standard. (3)Represents adjustment needed to reflect the day one reclassification of the Company's purchased credit impaired ("PCI") loan balances to PCD and the associated gross-up, pursuant to the Company's adoption of Accounting Standards Update 2016-13. The adjustment represents a $1.2 million increase to the allowance resulting from the day one reclassification.
Schedule of Internal Risk-Rating Categories for the Company's Commercial Portfolio | The following table details the amortized cost balances of the Company's loan portfolios, presented by credit quality indicator and origination year as of the dates indicated below:
| December 31, 2022
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans |  | Revolving converted to Term |  | Total (1)
| (Dollars in thousands)
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (2) | $ | 350,036 |  |  | $ | 137,832 |  |  | $ | 113,020 |  |  | $ | 59,936 |  |  | $ | 79,391 |  |  | $ | 18,197 |  |  | $ | 815,128 |  |  | $ | 3,165 |  |  | $ | 1,576,705 |
Potential weakness | 4,836 |  |  | 925 |  |  | 1,023 |  |  | 1,744 |  |  | 467 |  |  | 623 |  |  | 17,122 |  |  | — |  |  | 26,740 |
Definite weakness - loss unlikely | 2,389 |  |  | 1,681 |  |  | 180 |  |  | 618 |  |  | — |  |  | — |  |  | 3,623 |  |  | — |  |  | 8,491 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,167 |  |  | — |  |  | 23,167 |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial | $ | 357,261 |  |  | $ | 140,438 |  |  | $ | 114,223 |  |  | $ | 62,298 |  |  | $ | 79,858 |  |  | $ | 18,820 |  |  | $ | 859,040 |  |  | $ | 3,165 |  |  | $ | 1,635,103 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,277,333 |  |  | $ | 1,487,333 |  |  | $ | 1,213,984 |  |  | $ | 723,794 |  |  | $ | 696,166 |  |  | $ | 1,833,099 |  |  | $ | 44,477 |  |  | $ | 669 |  |  | $ | 7,276,855 |
Potential weakness | 42,005 |  |  | 65,603 |  |  | 39,740 |  |  | 14,167 |  |  | 58,190 |  |  | 183,468 |  |  | — |  |  | — |  |  | 403,173 |
Definite weakness - loss unlikely | 42,629 |  |  | 3,843 |  |  | 4,774 |  |  | 4,066 |  |  | 3,553 |  |  | 21,162 |  |  | — |  |  | — |  |  | 80,027 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 175 |  |  | — |  |  | — |  |  | 175 |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate | $ | 1,361,967 |  |  | $ | 1,556,779 |  |  | $ | 1,258,498 |  |  | $ | 742,027 |  |  | $ | 757,909 |  |  | $ | 2,037,904 |  |  | $ | 44,477 |  |  | $ | 669 |  |  | $ | 7,760,230 |
Commercial construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 504,932 |  |  | $ | 327,194 |  |  | $ | 169,838 |  |  | $ | 56,693 |  |  | $ | 3,135 |  |  | $ | 1,588 |  |  | $ | 23,122 |  |  | $ | 951 |  |  | $ | 1,087,453 |
Potential weakness | 33,000 |  |  | 1,775 |  |  | 3,347 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 38,122 |
Definite weakness - loss unlikely | 18,980 |  |  | 9,858 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,838 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial construction | $ | 556,912 |  |  | $ | 338,827 |  |  | $ | 173,185 |  |  | $ | 56,693 |  |  | $ | 3,135 |  |  | $ | 1,588 |  |  | $ | 23,122 |  |  | $ | 951 |  |  | $ | 1,154,413 |
Small business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 54,876 |  |  | $ | 44,811 |  |  | $ | 31,051 |  |  | $ | 16,588 |  |  | $ | 9,882 |  |  | $ | 18,891 |  |  | $ | 39,434 |  |  | $ | — |  |  | $ | 215,533 |
Potential weakness | — |  |  | 152 |  |  | 373 |  |  | 366 |  |  | 191 |  |  | 117 |  |  | 686 |  |  | — |  |  | 1,885 |
Definite weakness - loss unlikely | 139 |  |  | 98 |  |  | 417 |  |  | — |  |  | — |  |  | 401 |  |  | 629 |  |  | — |  |  | 1,684 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total small business | $ | 55,015 |  |  | $ | 45,061 |  |  | $ | 31,841 |  |  | $ | 16,954 |  |  | $ | 10,073 |  |  | $ | 19,409 |  |  | $ | 40,749 |  |  | $ | — |  |  | $ | 219,102 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 665,407 |  |  | $ | 419,665 |  |  | $ | 193,886 |  |  | $ | 94,065 |  |  | $ | 94,425 |  |  | $ | 565,246 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,032,694 |
Default | — |  |  | — |  |  | 729 |  |  | 158 |  |  | — |  |  | 1,943 |  |  | — |  |  | — |  |  | 2,830 |
Total residential real estate | $ | 665,407 |  |  | $ | 419,665 |  |  | $ | 194,615 |  |  | $ | 94,223 |  |  | $ | 94,425 |  |  | $ | 567,189 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,035,524 |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 43,917 |  |  | $ | 60,103 |  |  | $ | 54,802 |  |  | $ | 32,014 |  |  | $ | 26,414 |  |  | $ | 118,367 |  |  | $ | 748,294 |  |  | $ | 3,874 |  |  | $ | 1,087,785 |
Default | — |  |  | — |  |  | — |  |  | 122 |  |  | — |  |  | 83 |  |  | 760 |  |  | — |  |  | 965 |
Total home equity | $ | 43,917 |  |  | $ | 60,103 |  |  | $ | 54,802 |  |  | $ | 32,136 |  |  | $ | 26,414 |  |  | $ | 118,450 |  |  | $ | 749,054 |  |  | $ | 3,874 |  |  | $ | 1,088,750 |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 677 |  |  | $ | 2,013 |  |  | $ | 1,619 |  |  | $ | 1,022 |  |  | $ | 231 |  |  | $ | 3,023 |  |  | $ | 26,939 |  |  | $ | — |  |  | $ | 35,524 |
Default | — |  |  | — |  |  | — |  |  | 18 |  |  | — |  |  | 11 |  |  | — |  |  | — |  |  | 29 |
Total other consumer | $ | 677 |  |  | $ | 2,013 |  |  | $ | 1,619 |  |  | $ | 1,040 |  |  | $ | 231 |  |  | $ | 3,034 |  |  | $ | 26,939 |  |  | $ | — |  |  | $ | 35,553 |
Total | $ | 3,041,156 |  |  | $ | 2,562,886 |  |  | $ | 1,828,783 |  |  | $ | 1,005,371 |  |  | $ | 972,045 |  |  | $ | 2,766,394 |  |  | $ | 1,743,381 |  |  | $ | 8,659 |  |  | $ | 13,928,675 |
| December 31, 2021
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Revolving Loans |  | Revolving converted to Term |  | Total (1)
| (Dollars in thousands)
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (2) | $ | 478,141 |  |  | $ | 167,421 |  |  | $ | 92,657 |  |  | $ | 74,940 |  |  | $ | 12,432 |  |  | $ | 27,000 |  |  | $ | 681,155 |  |  | $ | 250 |  |  | $ | 1,533,996 |
Potential weakness | 779 |  |  | 6,874 |  |  | 1,627 |  |  | 109 |  |  | 908 |  |  | 287 |  |  | 5,401 |  |  | — |  |  | 15,985 |
Definite weakness - loss unlikely | 766 |  |  | 317 |  |  | 962 |  |  | 515 |  |  | 2,570 |  |  | 258 |  |  | 7,910 |  |  | — |  |  | 13,298 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial | $ | 479,686 |  |  | $ | 174,612 |  |  | $ | 95,246 |  |  | $ | 75,564 |  |  | $ | 15,910 |  |  | $ | 27,545 |  |  | $ | 694,466 |  |  | $ | 250 |  |  | $ | 1,563,279 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,445,829 |  |  | $ | 1,232,824 |  |  | $ | 875,001 |  |  | $ | 950,540 |  |  | $ | 820,201 |  |  | $ | 1,913,217 |  |  | $ | 154,020 |  |  | $ | — |  |  | $ | 7,391,632 |
Potential weakness | 51,024 |  |  | 86,781 |  |  | 53,250 |  |  | 69,137 |  |  | 53,455 |  |  | 185,847 |  |  | 13,617 |  |  | — |  |  | 513,111 |
Definite weakness - loss unlikely | 20,078 |  |  | 4,106 |  |  | 3,380 |  |  | 1,663 |  |  | 35,727 |  |  | 22,647 |  |  | — |  |  | — |  |  | 87,601 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate | $ | 1,516,931 |  |  | $ | 1,323,711 |  |  | $ | 931,631 |  |  | $ | 1,021,340 |  |  | $ | 909,383 |  |  | $ | 2,121,711 |  |  | $ | 167,637 |  |  | $ | — |  |  | $ | 7,992,344 |
Commercial construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 374,023 |  |  | $ | 451,987 |  |  | $ | 141,127 |  |  | $ | 62,752 |  |  | $ | 19,168 |  |  | $ | 48,175 |  |  | $ | 36,368 |  |  | $ | 2,289 |  |  | $ | 1,135,889 |
Potential weakness | 9,646 |  |  | 2,550 |  |  | — |  |  | — |  |  | — |  |  | 12,811 |  |  | — |  |  | — |  |  | 25,007 |
Definite weakness - loss unlikely | 4,561 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,561 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial construction | $ | 388,230 |  |  | $ | 454,537 |  |  | $ | 141,127 |  |  | $ | 62,752 |  |  | $ | 19,168 |  |  | $ | 60,986 |  |  | $ | 36,368 |  |  | $ | 2,289 |  |  | $ | 1,165,457 |
Small business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 53,939 |  |  | $ | 37,017 |  |  | $ | 20,840 |  |  | $ | 13,459 |  |  | $ | 9,665 |  |  | $ | 18,603 |  |  | $ | 35,875 |  |  | $ | — |  |  | $ | 189,398 |
Potential weakness | 210 |  |  | 456 |  |  | 379 |  |  | 198 |  |  | 4 |  |  | 285 |  |  | 803 |  |  | — |  |  | 2,335 |
Definite weakness - loss unlikely | — |  |  | 619 |  |  | 32 |  |  | 9 |  |  | 4 |  |  | 278 |  |  | 514 |  |  | — |  |  | 1,456 |
Partial loss probable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Definite loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total small business | $ | 54,149 |  |  | $ | 38,092 |  |  | $ | 21,251 |  |  | $ | 13,666 |  |  | $ | 9,673 |  |  | $ | 19,166 |  |  | $ | 37,192 |  |  | $ | — |  |  | $ | 193,189 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 454,162 |  |  | $ | 215,142 |  |  | $ | 114,762 |  |  | $ | 122,745 |  |  | $ | 133,961 |  |  | $ | 559,701 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,600,473 |
Default | — |  |  | 392 |  |  | — |  |  | 1,010 |  |  | — |  |  | 2,811 |  |  | — |  |  | — |  |  | 4,213 |
Total residential real estate | $ | 454,162 |  |  | $ | 215,534 |  |  | $ | 114,762 |  |  | $ | 123,755 |  |  | $ | 133,961 |  |  | $ | 562,512 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,604,686 |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 66,410 |  |  | $ | 63,870 |  |  | $ | 38,201 |  |  | $ | 33,505 |  |  | $ | 38,051 |  |  | $ | 109,544 |  |  | $ | 684,427 |  |  | $ | 3,932 |  |  | $ | 1,037,940 |
Default | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,555 |  |  | 116 |  |  | 1,671 |
Total home equity | $ | 66,410 |  |  | $ | 63,870 |  |  | $ | 38,201 |  |  | $ | 33,505 |  |  | $ | 38,051 |  |  | $ | 109,544 |  |  | $ | 685,982 |  |  | $ | 4,048 |  |  | $ | 1,039,611 |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 3,363 |  |  | $ | 2,702 |  |  | $ | 2,191 |  |  | $ | 859 |  |  | $ | 654 |  |  | $ | 4,462 |  |  | $ | 14,377 |  |  | $ | — |  |  | $ | 28,608 |
Default | 16 |  |  | 6 |  |  | 29 |  |  | 25 |  |  | — |  |  | 35 |  |  | 1 |  |  | — |  |  | 112 |
Total other consumer | $ | 3,379 |  |  | $ | 2,708 |  |  | $ | 2,220 |  |  | $ | 884 |  |  | $ | 654 |  |  | $ | 4,497 |  |  | $ | 14,378 |  |  | $ | — |  |  | $ | 28,720 |
Total | $ | 2,962,947 |  |  | $ | 2,273,064 |  |  | $ | 1,344,438 |  |  | $ | 1,331,466 |  |  | $ | 1,126,800 |  |  | $ | 2,905,961 |  |  | $ | 1,636,023 |  |  | $ | 6,587 |  |  | $ | 13,587,286 |
(1)Loans origination dates in the tables above reflect the original date, or the date of a material modification of a previously originated loan, for both organic originations and acquired loans. (2)Loans originated as part of the Paycheck Protection Program ("PPP") established by the Coronavirus, Aid, Relief and Economic Security Act ("CARES Act") are reported as commercial and industrial under the 2021 and 2020 vintage years and "Pass" category as these loans are 100% guaranteed by the U.S. Government. Outstanding PPP loans totaled $9.1 million and $216.2 million at December 31, 2022 and 2021, respectively.
Financing Receivable Credit Quality Indicators for Consumer and Residential Portfolio's | The following table shows the weighted average FICO scores and the weighted average combined LTV ratios at the dates indicated below:
| December 31 2022 |  | December 31 2021
Residential portfolio |  |  |
FICO score (re-scored)(1) | 753 |  |  | 749 |
LTV (re-valued)(2) | 57.0 | % |  | 54.4 | %
Home equity portfolio |  |  |
FICO score (re-scored)(1) | 771 |  |  | 772 |
LTV (re-valued)(2)(3) | 41.3 | % |  | 42.4 | %
(1)The average FICO scores at December 31, 2022 are based upon rescores from December 2022, as available for previously originated loans, or origination score data for loans booked in December 2022. The average FICO scores at December 31, 2021 were based upon rescores from December 2021, as available for previously originated loans, or origination score data for loans booked in December 2021. (2)The combined LTV ratios for December 31, 2022 are based upon updated automated valuations as of November 2022, when available, and/or the most current valuation data available. The combined LTV ratios for December 31, 2021 were based upon updated automated valuations as of November 2021, when available, and/or the most current valuation data available as of such date. The updated automated valuations provide new information on loans that may be available since the previous valuation was obtained. If no new information is available, the valuation will default to the previously obtained data or most recent appraisal. (3)For home equity loans and lines in a subordinate lien, the LTV data represents a combined LTV, taking into account the senior lien data for loans and lines.
Financing Receivable, Nonaccrual | The following table shows information regarding nonaccrual loans at the dates indicated:
| Nonaccrual Balances
| December 31, 2022 |  | December 31, 2021
| With Allowance for Credit Losses |  | Without Allowance for Credit Losses |  | Total (1) |  | With Allowance for Credit Losses |  | Without Allowance for Credit Losses |  | Total (1)
| (Dollars in thousands)
Commercial and industrial | $ | 26,395 |  |  | $ | 298 |  |  | $ | 26,693 |  |  | $ | 3,420 |  |  | $ | 19 |  |  | $ | 3,439 |
Commercial real estate | 12,961 |  |  | 2,769 |  |  | 15,730 |  |  | 10,870 |  |  | — |  |  | 10,870 |
Small business | 99 |  |  | 5 |  |  | 104 |  |  | 44 |  |  | — |  |  | 44 |
Residential real estate | 8,479 |  |  | — |  |  | 8,479 |  |  | 8,580 |  |  | 602 |  |  | 9,182 |
Home equity | 3,400 |  |  | — |  |  | 3,400 |  |  | 3,781 |  |  | — |  |  | 3,781 |
Other consumer | 475 |  |  | — |  |  | 475 |  |  | 504 |  |  | — |  |  | 504 |
Total nonaccrual loans | $ | 51,809 |  |  | $ | 3,072 |  |  | $ | 54,881 |  |  | $ | 27,199 |  |  | $ | 621 |  |  | $ | 27,820 |
(1)Included in these amounts are $11.5 million and $2.0 million of nonaccruing TDRs at December 31, 2022 and December 31, 2021, respectively
Foreclosed Residential Real Estate Property | The following table shows information regarding foreclosed residential real estate property at the dates indicated:
| December 31, 2022 |  | December 31, 2021
| (Dollars in thousands)
Foreclosed residential real estate property held by the creditor | $ | — |  |  | $ | — |
Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure | $ | 1,615 |  |  | $ | 1,426 |
Schedule of the Age Analysis of Past Due Financing Receivables | The following tables show the age analysis of past due financing receivables at the dates indicated:
| December 31, 2022
| 30-59 days |  | 60-89 days |  | 90 days or more |  | Total Past Due |  |  |  | Total Financing Receivables (2) |  |
| Number of Loans |  | Principal Balance |  | Number of Loans |  | Principal Balance |  | Number of Loans |  | Principal Balance |  | Number of Loans |  | Principal Balance |  | Current |
| (Dollars in thousands)
Loan Portfolio |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 3 |  |  | $ | 49 |  |  | 1 |  |  | $ | 175 |  |  | 3 |  |  | $ | 23,726 |  |  | 7 |  |  | $ | 23,950 |  |  | $ | 1,611,153 |  |  | $ | 1,635,103 |  |  |
Commercial real estate | 7 |  |  | 2,052 |  |  | 5 |  |  | 4,971 |  |  | 3 |  |  | 2,977 |  |  | 15 |  |  | 10,000 |  |  | 7,750,230 |  |  | 7,760,230 |  |  |
Commercial construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,154,413 |  |  | 1,154,413 |  |  |
Small business | 12 |  |  | 111 |  |  | 3 |  |  | 25 |  |  | 3 |  |  | 5 |  |  | 18 |  |  | 141 |  |  | 218,961 |  |  | 219,102 |  |  |
Residential real estate | 8 |  |  | 1,654 |  |  | 8 |  |  | 1,105 |  |  | 16 |  |  | 1,725 |  |  | 32 |  |  | 4,484 |  |  | 2,031,040 |  |  | 2,035,524 |  |  |
Home equity | 19 |  |  | 1,647 |  |  | 3 |  |  | 201 |  |  | 17 |  |  | 965 |  |  | 39 |  |  | 2,813 |  |  | 1,085,937 |  |  | 1,088,750 |  |  |
Other consumer (1) | 432 |  |  | 421 |  |  | 15 |  |  | 83 |  |  | 4 |  |  | 28 |  |  | 451 |  |  | 532 |  |  | 35,021 |  |  | 35,553 |  |  |
Total | 481 |  |  | $ | 5,934 |  |  | 35 |  |  | $ | 6,560 |  |  | 46 |  |  | $ | 29,426 |  |  | 562 |  |  | $ | 41,920 |  |  | $ | 13,886,755 |  |  | $ | 13,928,675 |  |  |
| December 31, 2021
| 30-59 days |  | 60-89 days |  | 90 days or more |  | Total Past Due |  |  |  | Total Financing Receivables (2) |  |
| Number of Loans |  | Principal Balance |  | Number of Loans |  | Principal Balance |  | Number of Loans |  | Principal Balance |  | Number of Loans |  | Principal Balance |  | Current |
| (Dollars in thousands)
Loan Portfolio |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 7 |  |  | $ | 143 |  |  | 2 |  |  | $ | 252 |  |  | 2 |  |  | $ | 24 |  |  | 11 |  |  | $ | 419 |  |  | $ | 1,562,860 |  |  | $ | 1,563,279 |  |  |
Commercial real estate | 15 |  |  | 32,845 |  |  | — |  |  | — |  |  | 4 |  |  | 1,339 |  |  | 19 |  |  | 34,184 |  |  | 7,958,160 |  |  | 7,992,344 |  |  |
Commercial construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,165,457 |  |  | 1,165,457 |  |  |
Small business | 11 |  |  | 136 |  |  | 6 |  |  | 53 |  |  | 4 |  |  | 24 |  |  | 21 |  |  | 213 |  |  | 192,976 |  |  | 193,189 |  |  |
Residential real estate | 12 |  |  | 2,709 |  |  | 5 |  |  | 714 |  |  | 76 |  |  | 3,922 |  |  | 93 |  |  | 7,345 |  |  | 1,597,341 |  |  | 1,604,686 |  |  |
Home equity | 15 |  |  | 1,375 |  |  | 6 |  |  | 381 |  |  | 21 |  |  | 1,671 |  |  | 42 |  |  | 3,427 |  |  | 1,036,184 |  |  | 1,039,611 |  |  |
Other consumer (1) | 458 |  |  | 719 |  |  | 41 |  |  | 277 |  |  | 16 |  |  | 112 |  |  | 515 |  |  | 1,108 |  |  | 27,612 |  |  | 28,720 |  |  |
Total | 518 |  |  | $ | 37,927 |  |  | 60 |  |  | $ | 1,677 |  |  | 123 |  |  | $ | 7,092 |  |  | 701 |  |  | $ | 46,696 |  |  | $ | 13,540,590 |  |  | $ | 13,587,286 |  |  |
(1)Other consumer portfolio is inclusive of deposit account overdrafts recorded as loan balances. (2)The amount of net deferred costs on originated loans included in the ending balance was $5.0 million at December 31, 2022 compared to net deferred fees of $159,000 at December 31, 2021. Net unamortized discounts on acquired loans included in the ending balance was $10.4 million at both December 31, 2022 and 2021.
Schedule of Troubled Debt Restructuring and Other Pertinent Information | The following table shows the Company’s total TDRs and other pertinent information at the dates indicated:
|  | December 31, 2022 |  | December 31, 2021
| (Dollars in thousands)
TDRs on accrual status |  | $ | 11,278 |  |  | $ | 14,635 |
TDRs on nonaccrual |  | 11,520 |  |  | 1,993 |
Total TDRs |  | $ | 22,798 |  |  | $ | 16,628 |
Additional commitments to lend to a borrower who has been a party to a TDR |  | $ | 64 |  |  | $ | 190 |
Schedule of Post-Modification Balance of Troubled Debt Restructuring by Type of Modification | The following table shows the troubled debt restructurings which occurred for the periods indicated and the change in the recorded investment subsequent to the modifications occurring:
| Year Ended
| December 31, 2022
| Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Troubled debt restructurings |  |  | (Dollars in thousands)
Commercial and industrial | 4 |  |  | $ | 3,466 |  |  | $ | 3,465 |
Commercial real estate | 1 |  |  | 7,850 |  |  | 7,850 |
Small business | — |  |  | — |  |  | — |
Total | 5 |  |  | $ | 11,316 |  |  | $ | 11,315 |
| Year Ended
| December 31, 2021
| Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Troubled debt restructurings |  |  | (Dollars in thousands)
Commercial and industrial | 1 |  |  | $ | 14,148 |  |  | $ | 14,148 |
Commercial real estate | 5 |  |  | 3,964 |  |  | 3,964 |
Small business | 2 |  |  | 189 |  |  | 189 |
Total (1) | 8 |  |  | $ | 18,301 |  |  | $ | 18,301 |
| Year Ended
| December 31, 2020
| Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Troubled debt restructurings |  |  | (Dollars in thousands)
Commercial and industrial | 8 |  |  | $ | 732 |  |  | $ | 732 |
Commercial real estate | 10 |  |  | 2,865 |  |  | 2,865 |
Small business | 10 |  |  | 752 |  |  | 728 |
Residential real estate | 2 |  |  | 559 |  |  | 642 |
Total (1) | 30 |  |  | $ | 4,908 |  |  | $ | 4,967 |
(1)The pre-modification and post-modification balances represent the legal principal balance of the loan. Activity presented in the tables above includes $14.3 million, and $1.9 million of modifications on existing TDRs during the years ended December 31, 2021 and 2020, respectively.
Troubled Debt Restructurings On Financing Receivables Post Modification | The following table shows the Company’s post-modification balance of TDRs listed by type of modification for the periods indicated:
| Years Ended
| December 31
| 2022 |  | 2021 |  | 2020
Extended maturity | $ | 11,315 |  |  | $ | 4,153 |  |  | $ | 4,120 |
Adjusted interest rate | — |  |  | — |  |  | 822 |
Combination rate and maturity | — |  |  | 14,148 |  |  | — |
Court ordered concession | — |  |  | — |  |  | 25 |
Total | $ | 11,315 |  |  | $ | 18,301 |  |  | $ | 4,967 |

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