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Allowance for Credit Losses and Credit Quality of Loans (Tables) | 3 Months Ended
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Mar. 31, 2020
Allowance for Credit Losses and Credit Quality of Loans [Abstract] |
Allowance for Loan Losses by Portfolio | The following table presents the activity in the allowance for credit losses by portfolio segment for the quarter ended March 31, 2020:
(In thousands) |  | Commercial Loans |  |  | Consumer Loans |  |  | Residential |  |  | Total |
Balance as of January 1, 2020 (after adoption of ASC 326) |  | $ | 27,156 |  |  | $ | 32,122 |  |  | $ | 16,721 |  |  | $ | 75,999 |
Charge-offs |  |  | (1,020 | ) |  |  | (6,891 | ) |  |  | (315 | ) |  |  | (8,226 | )
Recoveries |  |  | 228 |  |  |  | 2,235 |  |  |  | 124 |  |  |  | 2,587 |
Provision |  |  | 15,848 |  |  |  | 10,080 |  |  |  | 3,712 |  |  |  | 29,640 |
Ending Balance as of March 31, 2020 |  | $ | 42,212 |  |  | $ | 37,546 |  |  | $ | 20,242 |  |  | $ | 100,000 |
The following table illustrates the changes in the allowance for loan losses by our portfolio segments:
(In thousands) |  | Commercial Loans |  |  | Consumer Loans |  |  | Residential Real Estate |  |  | Total |
Balance as of December 31, 2018 |  | $ | 32,759 |  |  | $ | 37,178 |  |  | $ | 2,568 |  |  | $ | 72,505 |
Charge-offs |  |  | (747 | ) |  |  | (7,433 | ) |  |  | (274 | ) |  |  | (8,454 | )
Recoveries |  |  | 94 |  |  |  | 1,399 |  |  |  | 54 |  |  |  | 1,547 |
Provision |  |  | 53 |  |  |  | 5,660 |  |  |  | 94 |  |  |  | 5,807 |
Ending Balance as of March 31, 2019 |  | $ | 32,159 |  |  | $ | 36,804 |  |  | $ | 2,442 |  |  | $ | 71,405 |
The following table illustrates the allowance for loan losses and the recorded investment by portfolio segments:
(In thousands) |  | Commercial Loans |  |  | Consumer Loans |  |  | Residential Real Estate |  |  | Total |
As of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 34,525 |  |  | $ | 35,647 |  |  | $ | 2,793 |  |  | $ | 72,965 |
Allowance for loans individually evaluated for impairment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Allowance for loans collectively evaluated for impairment |  | $ | 34,525 |  |  | $ | 35,647 |  |  | $ | 2,793 |  |  | $ | 72,965 |
Ending balance of loans |  | $ | 3,444,266 |  |  | $ | 2,246,676 |  |  | $ | 1,445,156 |  |  | $ | 7,136,098 |
Ending balance of originated loans individually evaluated for impairment |  |  | 3,488 |  |  |  | 7,044 |  |  |  | 7,721 |  |  |  | 18,253 |
Ending balance of acquired loans collectively evaluated for impairment |  |  | 115,266 |  |  |  | 23,733 |  |  |  | 125,879 |  |  |  | 264,878 |
Ending balance of originated loans collectively evaluated for impairment |  | $ | 3,325,512 |  |  | $ | 2,215,899 |  |  | $ | 1,311,556 |  |  | $ | 6,852,967 |
Past due and Nonperforming Loans by Loan Class | The following table sets forth information with regard to past due and nonperforming loans by loan segment for the quarter ended March 31, 2020:
(In thousands) |  | 31-60 Days Past Due Accruing |  |  | 61-90 Days Past Due Accruing |  |  | Greater Than 90 Days Past Due Accruing |  |  | Total Past Due Accruing |  |  | Nonaccrual |  |  | Current |  |  | Recorded Total Loans |
As of March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 2,273 |  |  | $ | 564 |  |  | $ | - |  |  | $ | 2,837 |  |  | $ | 7,176 |  |  | $ | 1,109,027 |  |  | $ | 1,119,040 |
Commercial Real Estate |  |  | 5,954 |  |  |  | 305 |  |  |  | - |  |  |  | 6,259 |  |  |  | 9,256 |  |  |  | 2,326,295 |  |  |  | 2,341,810 |
Total Commercial Loans |  | $ | 8,227 |  |  | $ | 869 |  |  | $ | - |  |  | $ | 9,096 |  |  | $ | 16,432 |  |  | $ | 3,435,322 |  |  | $ | 3,460,850 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | $ | 11,107 |  |  | $ | 1,952 |  |  | $ | 819 |  |  | $ | 13,878 |  |  | $ | 2,513 |  |  | $ | 1,134,651 |  |  | $ | 1,151,042 |
Other Consumer |  |  | 3,592 |  |  |  | 1,835 |  |  |  | 1,200 |  |  |  | 6,627 |  |  |  | 70 |  |  |  | 616,211 |  |  |  | 622,908 |
Total Consumer Loans |  | $ | 14,699 |  |  | $ | 3,787 |  |  | $ | 2,019 |  |  | $ | 20,505 |  |  | $ | 2,583 |  |  | $ | 1,750,862 |  |  | $ | 1,773,950 |
Residential |  | $ | 5,833 |  |  | $ | 1,528 |  |  | $ | 261 |  |  | $ | 7,622 |  |  | $ | 10,957 |  |  | $ | 1,994,004 |  |  | $ | 2,012,583 |
Total Loans |  | $ | 28,759 |  |  | $ | 6,184 |  |  | $ | 2,280 |  |  | $ | 37,223 |  |  | $ | 29,972 |  |  | $ | 7,180,188 |  |  | $ | 7,247,383 |
The following tables set forth information with regard to past due and nonperforming loans by loan class:
(In thousands) |  | 31-60 Days Past Due Accruing |  |  | 61-90 Days Past Due Accruing |  |  | Greater Than 90 Days Past Due Accruing |  |  | Total Past Due Accruing |  |  | Nonaccrual |  |  | Current |  |  | Recorded Total Loans |
As of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Originated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 1,227 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,227 |  |  | $ | 1,177 |  |  | $ | 838,502 |  |  | $ | 840,906 |
CRE |  |  | 3,576 |  |  |  | - |  |  |  | - |  |  |  | 3,576 |  |  |  | 4,847 |  |  |  | 1,941,143 |  |  |  | 1,949,566 |
Business Banking |  |  | 794 |  |  |  | 162 |  |  |  | - |  |  |  | 956 |  |  |  | 7,035 |  |  |  | 530,537 |  |  |  | 538,528 |
Total Commercial Loans |  | $ | 5,597 |  |  | $ | 162 |  |  | $ | - |  |  | $ | 5,759 |  |  | $ | 13,059 |  |  | $ | 3,310,182 |  |  | $ | 3,329,000 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  | $ | 11,860 |  |  | $ | 2,108 |  |  | $ | 1,005 |  |  | $ | 14,973 |  |  | $ | 2,175 |  |  | $ | 1,176,487 |  |  | $ | 1,193,635 |
Specialty Lending |  |  | 3,153 |  |  |  | 2,087 |  |  |  | 1,307 |  |  |  | 6,547 |  |  |  | - |  |  |  | 535,516 |  |  |  | 542,063 |
Direct |  |  | 2,564 |  |  |  | 564 |  |  |  | 478 |  |  |  | 3,606 |  |  |  | 2,475 |  |  |  | 481,164 |  |  |  | 487,245 |
Total Consumer Loans |  | $ | 17,577 |  |  | $ | 4,759 |  |  | $ | 2,790 |  |  | $ | 25,126 |  |  | $ | 4,650 |  |  | $ | 2,193,167 |  |  | $ | 2,222,943 |
Residential Real Estate |  | $ | 1,179 |  |  | $ | 190 |  |  | $ | 663 |  |  | $ | 2,032 |  |  | $ | 5,872 |  |  | $ | 1,311,373 |  |  | $ | 1,319,277 |
Total Originated Loans |  | $ | 24,353 |  |  | $ | 5,111 |  |  | $ | 3,453 |  |  | $ | 32,917 |  |  | $ | 23,581 |  |  | $ | 6,814,722 |  |  | $ | 6,871,220 |
Acquired |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 149 |  |  | $ | - |  |  | $ | - |  |  | $ | 149 |  |  | $ | - |  |  | $ | 19,215 |  |  | $ | 19,364 |
CRE |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 60,937 |  |  |  | 60,937 |
Business Banking |  |  | 397 |  |  |  | 287 |  |  |  | - |  |  |  | 684 |  |  |  | 382 |  |  |  | 33,899 |  |  |  | 34,965 |
Total Commercial Loans |  | $ | 546 |  |  | $ | 287 |  |  | $ | - |  |  | $ | 833 |  |  | $ | 382 |  |  | $ | 114,051 |  |  | $ | 115,266 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct |  | $ | 136 |  |  | $ | 58 |  |  | $ | - |  |  | $ | 194 |  |  | $ | 105 |  |  | $ | 23,434 |  |  | $ | 23,733 |
Total Consumer Loans |  | $ | 136 |  |  | $ | 58 |  |  | $ | - |  |  | $ | 194 |  |  | $ | 105 |  |  | $ | 23,434 |  |  | $ | 23,733 |
Residential Real Estate |  | $ | 575 |  |  | $ | 20 |  |  | $ | 264 |  |  | $ | 859 |  |  | $ | 1,106 |  |  | $ | 123,914 |  |  | $ | 125,879 |
Total Acquired Loans |  | $ | 1,257 |  |  | $ | 365 |  |  | $ | 264 |  |  | $ | 1,886 |  |  | $ | 1,593 |  |  | $ | 261,399 |  |  | $ | 264,878 |
Total Loans |  | $ | 25,610 |  |  | $ | 5,476 |  |  | $ | 3,717 |  |  | $ | 34,803 |  |  | $ | 25,174 |  |  | $ | 7,076,121 |  |  | $ | 7,136,098 |
Financing Receivable Credit Quality by Loan Class | The following tables illustrate the Company’s credit quality by loan class by vintage as of March 31, 2020:
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | Prior |  |  | Revolving Loans Amortized Cost Basis |  |  | Revolving Loans Converted to Term |  |  | Total |
Commercial & Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 87,313 |  |  | $ | 245,200 |  |  | $ | 121,720 |  |  | $ | 63,276 |  |  | $ | 49,619 |  |  | $ | 49,841 |  |  | $ | 408,302 |  |  | $ | 22,633 |  |  | $ | 1,047,904 |
Special Mention |  |  | - |  |  |  | 4,881 |  |  |  | 3,654 |  |  |  | 3,286 |  |  |  | 3,299 |  |  |  | 2,379 |  |  |  | 18,803 |  |  |  | - |  |  |  | 36,302 |
Substandard |  |  | 541 |  |  |  | 2,002 |  |  |  | 10,926 |  |  |  | 3,317 |  |  |  | 619 |  |  |  | 6,168 |  |  |  | 6,856 |  |  |  | 27 |  |  |  | 30,456 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 979 |  |  |  | - |  |  |  | 3,399 |  |  |  | - |  |  |  | - |  |  |  | 4,378 |
Total Commercial & Industrial |  | $ | 87,854 |  |  | $ | 252,083 |  |  | $ | 136,300 |  |  | $ | 70,858 |  |  | $ | 53,537 |  |  | $ | 61,787 |  |  | $ | 433,961 |  |  | $ | 22,660 |  |  | $ | 1,119,040 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 130,895 |  |  | $ | 458,228 |  |  | $ | 288,204 |  |  | $ | 392,223 |  |  | $ | 275,496 |  |  | $ | 551,128 |  |  | $ | 98,679 |  |  | $ | 24,003 |  |  | $ | 2,218,856 |
Special Mention |  |  | 398 |  |  |  | 2,635 |  |  |  | 7,427 |  |  |  | 3,493 |  |  |  | 1,745 |  |  |  | 35,625 |  |  |  | 675 |  |  |  | 8,920 |  |  |  | 60,918 |
Substandard |  |  | - |  |  |  | 121 |  |  |  | 6,441 |  |  |  | 3,436 |  |  |  | 3,796 |  |  |  | 38,975 |  |  |  | 9,267 |  |  |  | - |  |  |  | 62,036 |
Total Commercial & Industrial |  | $ | 131,293 |  |  | $ | 460,984 |  |  | $ | 302,072 |  |  | $ | 399,152 |  |  | $ | 281,037 |  |  | $ | 625,728 |  |  | $ | 108,621 |  |  | $ | 32,923 |  |  | $ | 2,341,810 |
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 112,417 |  |  | $ | 411,824 |  |  | $ | 291,092 |  |  | $ | 196,440 |  |  | $ | 92,378 |  |  | $ | 43,534 |  |  | $ | 25 |  |  | $ | - |  |  | $ | 1,147,710 |
Nonperforming |  |  | 41 |  |  |  | 903 |  |  |  | 1,207 |  |  |  | 556 |  |  |  | 615 |  |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | 3,332 |
Total Auto |  | $ | 112,458 |  |  | $ | 412,727 |  |  | $ | 292,299 |  |  | $ | 196,996 |  |  | $ | 92,993 |  |  | $ | 43,544 |  |  | $ | 25 |  |  | $ | - |  |  | $ | 1,151,042 |
Other Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 67,233 |  |  | $ | 229,068 |  |  | $ | 170,909 |  |  | $ | 79,635 |  |  | $ | 26,131 |  |  | $ | 26,202 |  |  | $ | 22,450 |  |  | $ | 10 |  |  | $ | 621,638 |
Nonperforming |  |  | - |  |  |  | 387 |  |  |  | 384 |  |  |  | 284 |  |  |  | 64 |  |  |  | 137 |  |  |  | 13 |  |  |  | 2 |  |  |  | 1,270 |
Total Other Consumer |  | $ | 67,233 |  |  | $ | 229,455 |  |  | $ | 171,293 |  |  | $ | 79,919 |  |  | $ | 26,195 |  |  | $ | 26,339 |  |  | $ | 22,463 |  |  | $ | 12 |  |  | $ | 622,908 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 39,592 |  |  | $ | 223,715 |  |  | $ | 225,817 |  |  | $ | 196,901 |  |  | $ | 182,269 |  |  | $ | 798,850 |  |  | $ | 272,782 |  |  | $ | 61,439 |  |  | $ | 2,001,365 |
Nonperforming |  |  | 21 |  |  |  | 291 |  |  |  | 537 |  |  |  | 1,405 |  |  |  | 303 |  |  |  | 8,588 |  |  |  | - |  |  |  | 73 |  |  |  | 11,218 |
Total Residential |  | $ | 39,613 |  |  | $ | 224,006 |  |  | $ | 226,354 |  |  | $ | 198,306 |  |  | $ | 182,572 |  |  | $ | 807,438 |  |  | $ | 272,782 |  |  | $ | 61,512 |  |  | $ | 2,012,583 |
Total Loans |  | $ | 438,451 |  |  | $ | 1,579,255 |  |  | $ | 1,128,318 |  |  | $ | 945,231 |  |  | $ | 636,334 |  |  | $ | 1,564,836 |  |  | $ | 837,852 |  |  | $ | 117,107 |  |  | $ | 7,247,383 |
The following tables illustrate the Company’s credit quality by loan class:
(In thousands) |  | December 31, 2019 |
Originated |  |  |  |  |  |  |  |  |
Commercial Credit Exposure By Internally Assigned Grade: |  | C&I |  |  | CRE |  |  | Total |
Pass |  | $ | 782,763 |  |  | $ | 1,868,678 |  |  | $ | 2,651,441 |
Special Mention |  |  | 28,380 |  |  |  | 30,519 |  |  |  | 58,899 |
Substandard |  |  | 29,257 |  |  |  | 50,369 |  |  |  | 79,626 |
Total |  | $ | 840,906 |  |  | $ | 1,949,566 |  |  | $ | 2,790,472 |
Business Banking Credit Exposure By Internally Assigned Grade: |  | Business Banking |  |  | Total |
Non-classified |  | $ | 524,725 |  |  | $ | 524,725 |
Classified |  |  | 13,803 |  |  |  | 13,803 |
Total |  | $ | 538,528 |  |  | $ | 538,528 |
Consumer Credit Exposure By Payment Activity: |  | Indirect Auto |  |  | Specialty Lending |  |  | Direct |  |  | Total |
Performing |  | $ | 1,190,455 |  |  | $ | 540,756 |  |  | $ | 484,292 |  |  | $ | 2,215,503 |
Nonperforming |  |  | 3,180 |  |  |  | 1,307 |  |  |  | 2,953 |  |  |  | 7,440 |
Total |  | $ | 1,193,635 |  |  | $ | 542,063 |  |  | $ | 487,245 |  |  | $ | 2,222,943 |
Residential Real Estate Credit Exposure By Payment Activity: |  | Residential Real Estate |  |  | Total |
Performing |  | $ | 1,312,742 |  |  | $ | 1,312,742 |
Nonperforming |  |  | 6,535 |  |  |  | 6,535 |
Total |  | $ | 1,319,277 |  |  | $ | 1,319,277 |
Acquired |  |  |  |  |  |  |  |  |
Commercial Credit Exposure |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  | C&I |  |  | CRE |  |  | Total |
Pass |  | $ | 17,801 |  |  | $ | 60,545 |  |  | $ | 78,346 |
Special Mention |  |  | 1,269 |  |  |  | - |  |  |  | 1,269 |
Substandard |  |  | 294 |  |  |  | 392 |  |  |  | 686 |
Total |  | $ | 19,364 |  |  | $ | 60,937 |  |  | $ | 80,301 |
Business Banking Credit Exposure By Internally Assigned Grade: |  | Business Banking |  |  | Total |
Non-classified |  | $ | 32,030 |  |  | $ | 32,030 |
Classified |  |  | 2,935 |  |  |  | 2,935 |
Total |  | $ | 34,965 |  |  | $ | 34,965 |
Consumer Credit Exposure |  |  |  |  |  |
By Payment Activity: |  | Direct |  |  | Total |
Performing |  | $ | 23,628 |  |  | $ | 23,628 |
Nonperforming |  |  | 105 |  |  |  | 105 |
Total |  | $ | 23,733 |  |  | $ | 23,733 |
Residential Real Estate Credit Exposure By Payment Activity: |  | Residential Real Estate |  |  | Total |
Performing |  | $ | 124,509 |  |  | $ | 124,509 |
Nonperforming |  |  | 1,370 |  |  |  | 1,370 |
Total |  | $ | 125,879 |  |  | $ | 125,879 |
Troubled Debt Restructurings on Financing Receivables | The following tables illustrate the recorded investment and number of modifications designated as TDRs, including the recorded investment in the loans prior to a modification and the recorded investment in the loans after restructuring:
|  | Three Months Ended March 31, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Consumer Loans: |  |  |  |  |  |  |  |  |
Auto |  |  | 1 |  |  | $ | 44 |  |  | $ | 44 |
Total Consumer Loans |  |  | 1 |  |  | $ | 44 |  |  | $ | 44 |
Residential |  |  | 7 |  |  | $ | 691 |  |  | $ | 735 |
Total Troubled Debt Restructurings |  |  | 8 |  |  | $ | 735 |  |  | $ | 779 |
The following table illustrates the recorded investment and number of modifications for TDRs where a concession has been made and subsequently defaulted during the period:
|  | Three Months Ended March 31, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |
Commercial Loans: |  |  |  |  |  |
Commercial & Industrial |  |  | 1 |  |  | $ | 387 |
Total Commercial Loans |  |  | 1 |  |  | $ | 387 |
Residential |  |  | 16 |  |  | $ | 803 |
Total Trouble Debt Restructurings |  |  | 17 |  |  | $ | 1,190 |
The following table illustrates the recorded investment and number of modifications for modified loans, including the recorded investment in the loans prior to a modification and the recorded investment in the loans after restructuring:
|  | Three Months Ended March 31, 2019 |
(Dollars in thousands) |  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Commercial Loans: |  |  |  |  |  |  |  |  |
C&I |  |  | 1 |  |  | $ | 65 |  |  | $ | 65 |
Business Banking |  |  | 2 |  |  |  | 388 |  |  |  | 388 |
Total Commercial Loans |  |  | 3 |  |  | $ | 453 |  |  | $ | 453 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  |  | 5 |  |  | $ | 74 |  |  | $ | 74 |
Direct |  |  | 6 |  |  |  | 320 |  |  |  | 320 |
Total Consumer Loans |  |  | 11 |  |  | $ | 394 |  |  | $ | 394 |
Residential Real Estate |  |  | 6 |  |  | $ | 388 |  |  | $ | 405 |
Total Troubled Debt Restructurings |  |  | 20 |  |  | $ | 1,235 |  |  | $ | 1,252 |
The following table illustrates the recorded investment and number of modifications for TDRs where a concession has been made and subsequently defaulted during the period:
|  | Three Months Ended March 31, 2019 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |
Consumer Loans: |  |  |  |  |  |
Indirect Auto |  |  | 2 |  |  | $ | 17 |
Direct |  |  | 10 |  |  |  | 600 |
Total Consumer Loans |  |  | 12 |  |  | $ | 617 |
Residential Real Estate |  |  | 8 |  |  | $ | 398 |
Total Troubled Debt Restructurings |  |  | 20 |  |  | $ | 1,015 |
Impaired Loans and Specific Reserve Allocations | The following table provides information on impaired loans specifically evaluated for impairment:
|  | December 31, 2019 |
(In thousands) |  | Recorded Investment Balance (Book) |  |  | Unpaid Principal Balance (Legal) |  |  | Related Allowance |
Originated |  |  |  |  |  |  |  |  |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |
C&I |  | $ | 76 |  |  | $ | 302 |  |  | $ |  |
CRE |  |  | 2,410 |  |  |  | 2,437 |  |  |  |  |
Business Banking |  |  | 1,002 |  |  |  | 1,443 |  |  |  |  |
Total Commercial Loans |  | $ | 3,488 |  |  | $ | 4,182 |  |  |  |  |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  | $ | 154 |  |  | $ | 242 |  |  |  |  |
Direct |  |  | 6,862 |  |  |  | 8,335 |  |  |  |  |
Specialty Lending |  |  | 28 |  |  |  | 28 |  |  |  |  |
Total Consumer Loans |  | $ | 7,044 |  |  | $ | 8,605 |  |  |  |  |
Residential Real Estate |  | $ | 7,721 |  |  | $ | 9,754 |  |  |  |  |
Total loans with no related allowance |  | $ | 18,253 |  |  | $ | 22,541 |  |  |  |  |
Total Loans |  | $ | 18,253 |  |  | $ | 22,541 |  |  | $ | - |
The following table summarizes the average recorded investments on loans specifically evaluated for impairment and the interest income recognized:
|  | For the Three Months Ended |
|  | March 31, 2019 |
(In thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |
Originated |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |
C&I |  | $ | 462 |  |  | $ | 1 |
CRE |  |  | 4,282 |  |  |  | 30 |
Business Banking |  |  | 1,263 |  |  |  | 6 |
Total Commercial Loans |  | $ | 6,007 |  |  | $ | 37 |
Consumer Loans: |  |  |  |  |  |  |  |
Indirect Auto |  | $ | 173 |  |  | $ | 2 |
Direct |  |  | 7,716 |  |  |  | 98 |
Total Consumer Loans |  | $ | 7,889 |  |  | $ | 100 |
Residential Real Estate |  | $ | 7,166 |  |  | $ | 77 |
Total Originated |  | $ | 21,062 |  |  | $ | 214 |
Total Loans |  | $ | 21,062 |  |  | $ | 214 |

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