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LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables) | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Schedule of Internal Risk-Rating Categories for the Company's Commercial Portfolio |
| December 31, 2023
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving Loans |  | Revolving converted to Term |  | Total (1)
| (Dollars in thousands)
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 329,892 |  |  | $ | 165,003 |  |  | $ | 86,982 |  |  | $ | 64,483 |  |  | $ | 45,867 |  |  | $ | 110,135 |  |  | $ | 692,918 |  |  | $ | 90 |  |  | $ | 1,495,370 |
Special Mention | 4,188 |  |  | 668 |  |  | 528 |  |  | 9,358 |  |  | 22 |  |  | 121 |  |  | 28,218 |  |  | — |  |  | 43,103 |
Substandard | 1,867 |  |  | 1,329 |  |  | 902 |  |  | 110 |  |  | 917 |  |  | 3,660 |  |  | 32,728 |  |  | — |  |  | 41,513 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial | $ | 335,947 |  |  | $ | 167,000 |  |  | $ | 88,412 |  |  | $ | 73,951 |  |  | $ | 46,806 |  |  | $ | 113,916 |  |  | $ | 753,864 |  |  | $ | 90 |  |  | $ | 1,579,986 |
Current-period gross write-offs | $ | — |  |  | $ | 91 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 34 |  |  | $ | 23,439 |  |  | $ | — |  |  | $ | 23,564 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,116,730 |  |  | $ | 1,197,017 |  |  | $ | 1,300,140 |  |  | $ | 1,276,967 |  |  | $ | 592,058 |  |  | $ | 2,078,644 |  |  | $ | 79,360 |  |  | $ | 3,359 |  |  | $ | 7,644,275 |
Special Mention | 62,337 |  |  | 37,510 |  |  | 51,555 |  |  | 13,269 |  |  | 1,859 |  |  | 118,526 |  |  | — |  |  | — |  |  | 285,056 |
Substandard | 37,302 |  |  | 18,321 |  |  | 22,844 |  |  | 4,556 |  |  | 7,881 |  |  | 12,923 |  |  | — |  |  | — |  |  | 103,827 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 8,350 |  |  | — |  |  | — |  |  | — |  |  | 8,350 |
Loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate | $ | 1,216,369 |  |  | $ | 1,252,848 |  |  | $ | 1,374,539 |  |  | $ | 1,294,792 |  |  | $ | 610,148 |  |  | $ | 2,210,093 |  |  | $ | 79,360 |  |  | $ | 3,359 |  |  | $ | 8,041,508 |
Current-period gross write-offs | $ | — |  |  | $ | 5,072 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,783 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,855 |
Commercial construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 180,045 |  |  | $ | 381,352 |  |  | $ | 127,431 |  |  | $ | 44,953 |  |  | $ | 23,823 |  |  | $ | 1,561 |  |  | $ | 17,503 |  |  | $ | — |  |  | $ | 776,668 |
Special Mention | 12,106 |  |  | — |  |  | 5,292 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,398 |
Substandard | 10,955 |  |  | 26,146 |  |  | 18,419 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 55,520 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial construction | $ | 203,106 |  |  | $ | 407,498 |  |  | $ | 151,142 |  |  | $ | 44,953 |  |  | $ | 23,823 |  |  | $ | 1,561 |  |  | $ | 17,503 |  |  | $ | — |  |  | $ | 849,586 |
Current-period gross write-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Small business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 50,734 |  |  | $ | 51,157 |  |  | $ | 39,435 |  |  | $ | 25,643 |  |  | $ | 12,944 |  |  | $ | 22,412 |  |  | $ | 46,130 |  |  | $ | — |  |  | $ | 248,455 |
Special Mention | — |  |  | — |  |  | — |  |  | 154 |  |  | — |  |  | 184 |  |  | 314 |  |  | — |  |  | 652 |
Substandard | 530 |  |  | 282 |  |  | 90 |  |  | 475 |  |  | — |  |  | 669 |  |  | 803 |  |  | — |  |  | 2,849 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total small business | $ | 51,264 |  |  | $ | 51,439 |  |  | $ | 39,525 |  |  | $ | 26,272 |  |  | $ | 12,944 |  |  | $ | 23,265 |  |  | $ | 47,247 |  |  | $ | — |  |  | $ | 251,956 |
Current-period gross write-offs | $ | — |  |  | $ | — |  |  | $ | 54 |  |  | $ | 40 |  |  | $ | — |  |  | $ | — |  |  | $ | 390 |  |  | $ | — |  |  | $ | 484 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 505,517 |  |  | $ | 638,223 |  |  | $ | 405,386 |  |  | $ | 184,833 |  |  | $ | 88,473 |  |  | $ | 598,562 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,420,994 |
Default | — |  |  | — |  |  | — |  |  | — |  |  | 854 |  |  | 2,906 |  |  | — |  |  | — |  |  | 3,760 |
Total residential real estate | $ | 505,517 |  |  | $ | 638,223 |  |  | $ | 405,386 |  |  | $ | 184,833 |  |  | $ | 89,327 |  |  | $ | 601,468 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,424,754 |
Current-period gross write-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 28,903 |  |  | $ | 38,401 |  |  | $ | 54,944 |  |  | $ | 49,803 |  |  | $ | 29,103 |  |  | $ | 121,286 |  |  | $ | 770,074 |  |  | $ | 4,583 |  |  | $ | 1,097,097 |
Default | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 63 |  |  | 324 |  |  | 142 |  |  | 529 |
Total home equity | $ | 28,903 |  |  | $ | 38,401 |  |  | $ | 54,944 |  |  | $ | 49,803 |  |  | $ | 29,103 |  |  | $ | 121,349 |  |  | $ | 770,398 |  |  | $ | 4,725 |  |  | $ | 1,097,626 |
Current-period gross write-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 47 |  |  | $ | — |  |  | $ | 47 |
Other consumer (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 639 |  |  | $ | 263 |  |  | $ | 1,178 |  |  | $ | 706 |  |  | $ | 256 |  |  | $ | 1,835 |  |  | $ | 27,769 |  |  | $ | — |  |  | $ | 32,646 |
Default | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 7 |  |  | — |  |  | 8 |
Total other consumer | $ | 639 |  |  | $ | 263 |  |  | $ | 1,178 |  |  | $ | 706 |  |  | $ | 257 |  |  | $ | 1,835 |  |  | $ | 27,776 |  |  | $ | — |  |  | $ | 32,654 |
Current-period gross write-offs | $ | 2,766 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 49 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 2,832 |
Total | $ | 2,341,745 |  |  | $ | 2,555,672 |  |  | $ | 2,115,126 |  |  | $ | 1,675,310 |  |  | $ | 812,408 |  |  | $ | 3,073,487 |  |  | $ | 1,696,148 |  |  | $ | 8,174 |  |  | $ | 14,278,070 |
Total current-period gross write-offs | $ | 2,766 |  |  | $ | 5,163 |  |  | $ | 54 |  |  | $ | 40 |  |  | $ | 2,783 |  |  | $ | 83 |  |  | $ | 23,893 |  |  | $ | — |  |  | $ | 34,782 |
| December 31, 2022
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving Loans |  | Revolving converted to Term |  | Total (1)
| (Dollars in thousands)
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 350,036 |  |  | $ | 137,832 |  |  | $ | 113,020 |  |  | $ | 59,936 |  |  | $ | 79,391 |  |  | $ | 18,197 |  |  | $ | 815,128 |  |  | $ | 3,165 |  |  | $ | 1,576,705 |
Special Mention | 4,836 |  |  | 925 |  |  | 1,023 |  |  | 1,744 |  |  | 467 |  |  | 623 |  |  | 17,122 |  |  | — |  |  | 26,740 |
Substandard | 2,389 |  |  | 1,681 |  |  | 180 |  |  | 618 |  |  | — |  |  | — |  |  | 3,623 |  |  | — |  |  | 8,491 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,167 |  |  | — |  |  | 23,167 |
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 |
Special Mention | 42,005 |  |  | 65,603 |  |  | 39,740 |  |  | 14,167 |  |  | 58,190 |  |  | 183,468 |  |  | — |  |  | — |  |  | 403,173 |
Substandard | 42,629 |  |  | 3,843 |  |  | 4,774 |  |  | 4,066 |  |  | 3,553 |  |  | 21,162 |  |  | — |  |  | — |  |  | 80,027 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 175 |  |  | — |  |  | — |  |  | 175 |
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 |
Special Mention | 33,000 |  |  | 1,775 |  |  | 3,347 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 38,122 |
Substandard | 18,980 |  |  | 9,858 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,838 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
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 |
Special Mention | — |  |  | 152 |  |  | 373 |  |  | 366 |  |  | 191 |  |  | 117 |  |  | 686 |  |  | — |  |  | 1,885 |
Substandard | 139 |  |  | 98 |  |  | 417 |  |  | — |  |  | — |  |  | 401 |  |  | 629 |  |  | — |  |  | 1,684 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
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 (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
(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)Other consumer portfolio is inclusive of deposit account overdrafts recorded as loan balances and the associated gross write-offs.
Financing Receivable Credit Quality Indicators for Consumer and Residential Portfolio's |
| December 31 2023 |  | December 31 2022
Residential portfolio |  |  |
FICO score (re-scored)(1) | 754 |  |  | 753 |
LTV (re-valued)(2) | 59.8 | % |  | 57.0 | %
Home equity portfolio |  |  |
FICO score (re-scored)(1) | 770 |  |  | 771 |
LTV (re-valued)(2)(3) | 43.3 | % |  | 41.3 | %
(1)The average FICO scores at December 31, 2023 are based upon rescores from December 2023, as available for previously originated loans, or origination score data for loans booked in December 2023. The average FICO scores at December 31, 2022 were based upon rescores from December 2022, as available for previously originated loans, or origination score data for loans booked in December 2022. (2)The combined LTV ratios for December 31, 2023 are based upon updated automated valuations as of November 2023, when available, and/or the most current valuation data available. The combined LTV ratios for December 31, 2022 were based upon updated automated valuations as of November 2022, 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, 2023 |  | December 31, 2022
| With Allowance for Credit Losses |  | Without Allowance for Credit Losses (2) |  | Total |  | With Allowance for Credit Losses |  | Without Allowance for Credit Losses (2) |  | Total (1)
| (Dollars in thousands)
Commercial and industrial | $ | 19,890 |  |  | $ | 298 |  |  | $ | 20,188 |  |  | $ | 26,395 |  |  | $ | 298 |  |  | $ | 26,693 |
Commercial real estate | 11,911 |  |  | 11,041 |  |  | 22,952 |  |  | 12,961 |  |  | 2,769 |  |  | 15,730 |
Small business | 394 |  |  | 4 |  |  | 398 |  |  | 99 |  |  | 5 |  |  | 104 |
Residential real estate | 7,634 |  |  | — |  |  | 7,634 |  |  | 8,479 |  |  | — |  |  | 8,479 |
Home equity | 3,171 |  |  | — |  |  | 3,171 |  |  | 3,400 |  |  | — |  |  | 3,400 |
Other consumer | 40 |  |  | — |  |  | 40 |  |  | 475 |  |  | — |  |  | 475 |
Total nonaccrual loans | $ | 43,040 |  |  | $ | 11,343 |  |  | $ | 54,383 |  |  | $ | 51,809 |  |  | $ | 3,072 |  |  | $ | 54,881 |
(1)Nonaccrual balances at December 31, 2022 included $11.5 million of nonaccruing TDRs. (2)Nonaccrual balances reported above without an allowance for credit losses are attributable to loans evaluated on an individual basis where it was determined that there was no risk of loss due to sufficient underlying collateral values.
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, 2023
| 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)
Commercial and industrial | 6 |  |  | $ | 398 |  |  | 1 |  |  | $ | 17,538 |  |  | 2 |  |  | $ | 673 |  |  | 9 |  |  | $ | 18,609 |  |  | $ | 1,561,377 |  |  | $ | 1,579,986 |  |  |
Commercial real estate | 8 |  |  | 14,674 |  |  | 2 |  |  | 8,419 |  |  | 3 |  |  | 7,279 |  |  | 13 |  |  | 30,372 |  |  | 8,011,136 |  |  | 8,041,508 |  |  |
Commercial construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 849,586 |  |  | 849,586 |  |  |
Small business | 6 |  |  | 400 |  |  | 1 |  |  | 20 |  |  | 6 |  |  | 243 |  |  | 13 |  |  | 663 |  |  | 251,293 |  |  | 251,956 |  |  |
Residential real estate | 24 |  |  | 6,216 |  |  | 7 |  |  | 2,187 |  |  | 13 |  |  | 1,573 |  |  | 44 |  |  | 9,976 |  |  | 2,414,778 |  |  | 2,424,754 |  |  |
Home equity | 23 |  |  | 1,640 |  |  | 4 |  |  | 1,238 |  |  | 10 |  |  | 529 |  |  | 37 |  |  | 3,407 |  |  | 1,094,219 |  |  | 1,097,626 |  |  |
Other consumer (1) | 413 |  |  | 288 |  |  | 14 |  |  | 31 |  |  | 6 |  |  | 8 |  |  | 433 |  |  | 327 |  |  | 32,327 |  |  | 32,654 |  |  |
Total | 480 |  |  | $ | 23,616 |  |  | 29 |  |  | $ | 29,433 |  |  | 40 |  |  | $ | 10,305 |  |  | 549 |  |  | $ | 63,354 |  |  | $ | 14,214,716 |  |  | $ | 14,278,070 |  |  |
| 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)
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 |  |  |
(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 $6.4 million at December 31, 2023, compared to net deferred fees of $5.0 million at December 31, 2022. Net unamortized discounts on acquired loans included in the ending balance was $8.6 million and $10.4 million at December 31, 2023 and 2022, respectively.
Schedule of Troubled Debt Restructuring and Other Pertinent Information | :
|  |  | Year Ended December 31, 2023
|  |  |  |  | Term Extension
|  |  |  |  | Amortized Cost Basis |  | % of Total Class of Financing Receivable
|  |  |  |  | (Dollars in thousands)
Commercial and industrial |  |  |  |  | $ | 11,010 |  |  | 0.70%
Commercial real estate |  |  |  |  | 17,530 |  |  | 0.22%
Small business |  |  |  |  | 208 |  |  | 0.08%
Total |  |  |  |  | $ | 28,748 |  |  |
|  |  |  |  | Combination - Interest Rate Reduction and Term Extension
|  |  |  |  | Amortized Cost Basis |  | % of Total Class of Financing Receivable
|  |  |  |  | (Dollars in thousands)
Commercial and industrial |  |  |  |  | $ | 85 |  |  | 0.01%
Small business |  |  |  |  | $ | 38 |  |  | 0.02%
Total |  |  |  |  | $ | 123 |  |  |
|  |  |  |  | Combination - Term Extension and Other-Than-Insignificant Payment Delay
|  |  |  |  | Amortized Cost Basis |  | % of Total Class of Financing Receivable
|  |  |  |  | (Dollars in thousands)
Commercial and industrial |  |  |  |  | $ | 1,865 |  |  | 0.12%
Commercial real estate |  |  |  |  | 6,505 |  |  | 0.08%
Total |  |  |  |  | $ | 8,370 |  |  |
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023:
Term Extension
|  | Financial Effect
Commercial and industrial |  | Added a weighted-average contractual term of 2 months to the life of the loans
Commercial real estate |  | Added a weighted-average contractual term of 1.9 years to the life of the loans
Small business |  | Added a weighted-average contractual term of 4.7 years to the life of the loans
Interest Rate Reduction
|  | Financial Effect
Commercial and industrial |  | Reduced contractual rate on one loan from 10.00% to 7.00%
Small business |  | Reduced contractual rate on one loan from 10.00% to 6.50%
Schedule of Post-Modification Balance of Troubled Debt Restructuring by Type of Modification |
Financing Receivable, Modified, Past Due | The following table depicts the amortized cost and payment status of loans that have been modified in the last 12 months as of December 31, 2023:
| Current (1) |  | 30-89 Days Past Due |  | 90+ Days Past Due |  | Total
| (Dollars in thousands) |  |
Commercial and industrial | $ | 12,585 |  |  | $ | — |  |  | $ | 375 |  |  | $ | 12,960 |
Commercial real estate | 23,899 |  |  | — |  |  | 136 |  |  | 24,035 |
Small business | 246 |  |  | — |  |  | — |  |  | 246 |
Total | $ | 36,730 |  |  | $ | — |  |  | $ | 511 |  |  | $ | 37,241 |
(1)Current category is inclusive of $8.4 million in nonaccrual loans which have yet to reach the six consecutive months of performance required to return to accruing status in accordance with the Company's accounting policy for nonaccrual loans
Foreclosed Residential Real Estate Property | The following table shows information regarding foreclosed residential real estate property at the dates indicated:
| December 31, 2023 |  | December 31, 2022
| (Dollars in thousands)
Foreclosed residential real estate property held by the creditor | $ | 110 |  |  | $ | — |
Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure | $ | 1,697 |  |  | $ | 1,615 |
Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods [Table Text Block] |
| (Dollars in thousands)
TDRs on accrual status |  |  |  | $ | 11,278 |
TDRs on nonaccrual |  |  |  | 11,520 |
Total TDRs |  |  |  | $ | 22,798 |
Additional commitments to lend to a borrower who has been a party to a TDR |  |  |  | $ | 64 |
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
| (Dollars in thousands)
Commercial and industrial | 4 |  |  | $ | 3,466 |  |  | $ | 3,465 |
Commercial real estate | 1 |  |  | 7,850 |  |  | 7,850 |
Total (1) | 5 |  |  | $ | 11,316 |  |  | $ | 11,315 |
| Year Ended December 31, 2021
| Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
| (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 |
(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 of modifications on existing TDRs during the year ended December 31, 2021. The following table shows the Company's post-modification balance of TDR's listed by type of modification for the periods indicated:
| Year Ended December 31
| 2022 |  | 2021
| (Dollars in thousands)
Extended maturity | $ | 11,315 |  |  | $ | 4,153 |
Combination rate and maturity | — |  |  | 14,148 |
Total | $ | 11,315 |  |  | $ | 18,301 |
Financing Receivable, Modified, Subsequent Default | The table below shows the amortized cost basis of financing receivables modified during the twelve months ended December 31, 2023 that subsequently defaulted:
|  |  | Term Extension |  |  |  | Combination - Term Extension and Other Than Insignificant Payment Delay |  |  |  | Total
|  |  | (Dollars in thousands) |  |
Commercial and industrial |  |  | $ | 374 |  |  |  |  | $ | — |  |  |  |  | $ | 374 |
Commercial real estate |  |  | 136 |  |  |  |  | 6,505 |  |  |  |  | 6,641 |
Total |  |  | $ | 510 |  |  |  |  | $ | 6,505 |  |  |  |  | $ | 7,015 |

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