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Allowance for Credit Losses and Credit Quality of Loans (Tables) | 6 Months Ended
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Jun. 30, 2020
Allowance for Credit Losses and Credit Quality of Loans [Abstract] |
Allowance for Loan Losses by Portfolio | The following tables present the activity in the allowance for credit losses by portfolio segment:
(In thousands) |  | Commercial Loans |  |  | Consumer Loans |  |  | Residential |  |  | Total |
Balance as of March 31, 2020 |  | $ | 42,212 |  |  | $ | 37,546 |  |  | $ | 20,242 |  |  | $ | 100,000 |
Charge-offs |  |  | (709 | ) |  |  | (6,178 | ) |  |  | (490 | ) |  |  | (7,377 | )
Recoveries |  |  | 113 |  |  |  | 1,810 |  |  |  | 114 |  |  |  | 2,037 |
Provision |  |  | 8,770 |  |  |  | 6,916 |  |  |  | 3,154 |  |  |  | 18,840 |
Ending Balance as of June 30, 2020 |  | $ | 50,386 |  |  | $ | 40,094 |  |  | $ | 23,020 |  |  | $ | 113,500 |
(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 |  |  | (1,729 | ) |  |  | (13,069 | ) |  |  | (805 | ) |  |  | (15,603 | )
Recoveries |  |  | 341 |  |  |  | 4,045 |  |  |  | 238 |  |  |  | 4,624 |
Provision |  |  | 24,618 |  |  |  | 16,996 |  |  |  | 6,866 |  |  |  | 48,480 |
Ending Balance as of June 30, 2020 |  | $ | 50,386 |  |  | $ | 40,094 |  |  | $ | 23,020 |  |  | $ | 113,500 |
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 March 31, 2019 |  | $ | 32,159 |  |  | $ | 36,804 |  |  | $ | 2,442 |  |  | $ | 71,405 |
Charge-offs |  |  | (1,171 | ) |  |  | (6,927 | ) |  |  | (334 | ) |  |  | (8,432 | )
Recoveries |  |  | 118 |  |  |  | 1,742 |  |  |  | 55 |  |  |  | 1,915 |
Provision |  |  | 2,046 |  |  |  | 4,915 |  |  |  | 316 |  |  |  | 7,277 |
Ending Balance as of June 30, 2019 |  | $ | 33,152 |  |  | $ | 36,534 |  |  | $ | 2,479 |  |  | $ | 72,165 |
(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 |  |  | (1,918 | ) |  |  | (14,360 | ) |  |  | (608 | ) |  |  | (16,886 | )
Recoveries |  |  | 212 |  |  |  | 3,141 |  |  |  | 109 |  |  |  | 3,462 |
Provision |  |  | 2,099 |  |  |  | 10,575 |  |  |  | 410 |  |  |  | 13,084 |
Ending Balance as of June 30, 2019 |  | $ | 33,152 |  |  | $ | 36,534 |  |  | $ | 2,479 |  |  | $ | 72,165 |
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:
(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 June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 550 |  |  | $ | 39 |  |  | $ | 90 |  |  | $ | 679 |  |  | $ | 2,992 |  |  | $ | 1,125,180 |  |  | $ | 1,128,851 |
Commercial Real Estate |  |  | 371 |  |  |  | 1,197 |  |  |  | - |  |  |  | 1,568 |  |  |  | 8,550 |  |  |  | 2,325,876 |  |  |  | 2,335,994 |
Paycheck Protection Plan |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 510,097 |  |  |  | 510,097 |
Total Commercial Loans |  | $ | 921 |  |  | $ | 1,236 |  |  | $ | 90 |  |  | $ | 2,247 |  |  | $ | 11,542 |  |  | $ | 3,961,153 |  |  | $ | 3,974,942 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | $ | 6,012 |  |  | $ | 1,418 |  |  | $ | 673 |  |  | $ | 8,103 |  |  | $ | 2,452 |  |  | $ | 1,038,232 |  |  | $ | 1,048,787 |
Other Consumer |  |  | 3,310 |  |  |  | 1,546 |  |  |  | 1,042 |  |  |  | 5,898 |  |  |  | 243 |  |  |  | 586,108 |  |  |  | 592,249 |
Total Consumer Loans |  | $ | 9,322 |  |  | $ | 2,964 |  |  | $ | 1,715 |  |  | $ | 14,001 |  |  | $ | 2,695 |  |  | $ | 1,624,340 |  |  | $ | 1,641,036 |
Residential |  | $ | 4,688 |  |  | $ | 1,238 |  |  | $ | 252 |  |  | $ | 6,178 |  |  | $ | 11,330 |  |  | $ | 1,994,505 |  |  | $ | 2,012,013 |
Total Loans |  | $ | 14,931 |  |  | $ | 5,438 |  |  | $ | 2,057 |  |  | $ | 22,426 |  |  | $ | 25,567 |  |  | $ | 7,579,998 |  |  | $ | 7,627,991 |
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:
(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 |  | $ | 188,416 |  |  | $ | 215,181 |  |  | $ | 109,174 |  |  | $ | 61,336 |  |  | $ | 46,937 |  |  | $ | 42,658 |  |  | $ | 361,229 |  |  | $ | 976 |  |  | $ | 1,025,907 |
Special Mention |  |  | 700 |  |  |  | 16,231 |  |  |  | 7,001 |  |  |  | 5,833 |  |  |  | 4,111 |  |  |  | 3,923 |  |  |  | 30,708 |  |  |  | - |  |  |  | 68,507 |
Substandard |  |  | 1,186 |  |  |  | 3,574 |  |  |  | 9,791 |  |  |  | 3,336 |  |  |  | 1,147 |  |  |  | 6,468 |  |  |  | 8,715 |  |  |  | 1 |  |  |  | 34,218 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 219 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 219 |
Total Commercial & Industrial |  | $ | 190,302 |  |  | $ | 234,986 |  |  | $ | 125,966 |  |  | $ | 70,724 |  |  | $ | 52,195 |  |  | $ | 53,049 |  |  | $ | 400,652 |  |  | $ | 977 |  |  | $ | 1,128,851 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 241,844 |  |  | $ | 395,753 |  |  | $ | 263,881 |  |  | $ | 320,976 |  |  | $ | 225,572 |  |  | $ | 452,302 |  |  | $ | 82,421 |  |  | $ | 703 |  |  | $ | 1,983,452 |
Special Mention |  |  | 3,221 |  |  |  | 45,851 |  |  |  | 38,192 |  |  |  | 57,295 |  |  |  | 41,079 |  |  |  | 65,378 |  |  |  | 10,713 |  |  |  | - |  |  |  | 261,729 |
Substandard |  |  | 196 |  |  |  | 4,528 |  |  |  | 6,197 |  |  |  | 3,976 |  |  |  | 4,597 |  |  |  | 60,062 |  |  |  | 11,257 |  |  |  | - |  |  |  | 90,813 |
Total Commercial Real Estate |  | $ | 245,261 |  |  | $ | 446,132 |  |  | $ | 308,270 |  |  | $ | 382,247 |  |  | $ | 271,248 |  |  | $ | 577,742 |  |  | $ | 104,391 |  |  | $ | 703 |  |  | $ | 2,335,994 |
Paycheck Protection Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 510,097 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 510,097 |
Total Paycheck Protection Plan |  | $ | 510,097 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 510,097 |
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 134,078 |  |  | $ | 381,783 |  |  | $ | 261,558 |  |  | $ | 164,661 |  |  | $ | 73,374 |  |  | $ | 30,184 |  |  | $ | 24 |  |  | $ | - |  |  | $ | 1,045,662 |
Nonperforming |  |  | 69 |  |  |  | 872 |  |  |  | 1,169 |  |  |  | 576 |  |  |  | 439 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,125 |
Total Auto |  | $ | 134,147 |  |  | $ | 382,655 |  |  | $ | 262,727 |  |  | $ | 165,237 |  |  | $ | 73,813 |  |  | $ | 30,184 |  |  | $ | 24 |  |  | $ | - |  |  | $ | 1,048,787 |
Other Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 107,544 |  |  | $ | 196,607 |  |  | $ | 153,420 |  |  | $ | 70,130 |  |  | $ | 21,537 |  |  | $ | 22,642 |  |  | $ | 19,065 |  |  | $ | 18 |  |  | $ | 590,963 |
Nonperforming |  |  | 148 |  |  |  | 231 |  |  |  | 330 |  |  |  | 263 |  |  |  | 178 |  |  |  | 124 |  |  |  | 12 |  |  |  | - |  |  |  | 1,286 |
Total Other Consumer |  | $ | 107,692 |  |  | $ | 196,838 |  |  | $ | 153,750 |  |  | $ | 70,393 |  |  | $ | 21,715 |  |  | $ | 22,766 |  |  | $ | 19,077 |  |  | $ | 18 |  |  | $ | 592,249 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 109,485 |  |  | $ | 229,947 |  |  | $ | 235,193 |  |  | $ | 198,283 |  |  | $ | 179,197 |  |  | $ | 766,771 |  |  | $ | 266,042 |  |  | $ | 15,514 |  |  | $ | 2,000,432 |
Nonperforming |  |  | 34 |  |  |  | 485 |  |  |  | 651 |  |  |  | 1,365 |  |  |  | 351 |  |  |  | 8,695 |  |  |  | - |  |  |  | - |  |  |  | 11,581 |
Total Residential |  | $ | 109,519 |  |  | $ | 230,432 |  |  | $ | 235,844 |  |  | $ | 199,648 |  |  | $ | 179,548 |  |  | $ | 775,466 |  |  | $ | 266,042 |  |  | $ | 15,514 |  |  | $ | 2,012,013 |
Total Loans |  | $ | 1,297,018 |  |  | $ | 1,491,043 |  |  | $ | 1,086,557 |  |  | $ | 888,249 |  |  | $ | 598,519 |  |  | $ | 1,459,207 |  |  | $ | 790,186 |  |  | $ | 17,212 |  |  | $ | 7,627,991 |
The following tables illustrate the Company’s credit quality by loan class:
(In thousands) |  | As of 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 |
Doubtful |  |  | 506 |  |  |  | - |  |  |  | 506 |
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 June 30, 2020 |  |  | Six Months Ended June 30, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |  |  | 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 |  |  | $ | 269 |  |  | $ | 294 |  |  |  | 14 |  |  | $ | 960 |  |  | $ | 1,029 |
Total Troubled Debt Restructurings |  |  | 7 |  |  | $ | 269 |  |  | $ | 294 |  |  |  | 15 |  |  | $ | 1,004 |  |  | $ | 1,073 |
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 June 30, 2020 |  |  | Six Months Ended June 30, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |  |  | Number of Contracts |  |  | Recorded Investment |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  |  | - |  |  | $ | - |  |  |  | 1 |  |  | $ | 387 |
Commercial Real Estate |  |  | 1 |  |  |  | 168 |  |  |  | 1 |  |  |  | 168 |
Total Commercial Loans |  |  | 1 |  |  | $ | 168 |  |  |  | 2 |  |  | $ | 555 |
Residential |  |  | 26 |  |  | $ | 1,505 |  |  |  | 38 |  |  | $ | 2,192 |
Total Troubled Debt Restructurings |  |  | 27 |  |  | $ | 1,673 |  |  |  | 40 |  |  | $ | 2,747 |
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 June 30, 2019 |  |  | Six Months Ended June 30, 2019 |
(Dollars in thousands) |  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |  |  | 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 |  |  | 4 |  |  | $ | 60 |  |  | $ | 60 |  |  |  | 9 |  |  | $ | 134 |  |  | $ | 134 |
Direct |  |  | 2 |  |  |  | 68 |  |  |  | 77 |  |  |  | 8 |  |  |  | 388 |  |  |  | 398 |
Total Consumer Loans |  |  | 6 |  |  | $ | 128 |  |  | $ | 137 |  |  |  | 17 |  |  | $ | 522 |  |  | $ | 532 |
Residential Real Estate |  |  | 2 |  |  | $ | 369 |  |  | $ | 381 |  |  |  | 8 |  |  | $ | 757 |  |  | $ | 786 |
Total Troubled Debt Restructurings |  |  | 8 |  |  | $ | 497 |  |  | $ | 518 |  |  |  | 28 |  |  | $ | 1,732 |  |  | $ | 1,771 |
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 June 30, 2019 |  |  | Six Months Ended June 30, 2019 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |  |  | Number of Contracts |  |  | Recorded Investment |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  |  | - |  |  | $ | - |  |  |  | 2 |  |  | $ | 17 |
Direct |  |  | 14 |  |  |  | 496 |  |  |  | 19 |  |  |  | 958 |
Total Consumer Loans |  |  | 14 |  |  | $ | 496 |  |  |  | 21 |  |  | $ | 975 |
Residential Real Estate |  |  | 8 |  |  | $ | 429 |  |  |  | 13 |  |  | $ | 644 |
Total Troubled Debt Restructurings |  |  | 22 |  |  | $ | 925 |  |  |  | 34 |  |  | $ | 1,619 |
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 |  | $ | 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:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2019 |  |  | June 30, 2019 |
(In thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Originated |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 326 |  |  | $ | - |  |  | $ | 383 |  |  | $ | 1 |
CRE |  |  | 4,212 |  |  |  | 31 |  |  |  | 4,248 |  |  |  | 61 |
Business Banking |  |  | 1,090 |  |  |  | 5 |  |  |  | 1,159 |  |  |  | 11 |
Total Commercial Loans |  | $ | 5,628 |  |  | $ | 36 |  |  | $ | 5,790 |  |  | $ | 73 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  | $ | 221 |  |  | $ | 4 |  |  | $ | 198 |  |  | $ | 6 |
Direct |  |  | 7,553 |  |  |  | 98 |  |  |  | 7,636 |  |  |  | 196 |
Total Consumer Loans |  | $ | 7,774 |  |  | $ | 102 |  |  | $ | 7,834 |  |  | $ | 202 |
Residential Real Estate |  | $ | 7,455 |  |  | $ | 82 |  |  | $ | 7,323 |  |  | $ | 159 |
Total Originated |  | $ | 20,857 |  |  | $ | 220 |  |  | $ | 20,947 |  |  | $ | 434 |
Total Loans |  | $ | 20,857 |  |  | $ | 220 |  |  | $ | 20,947 |  |  | $ | 434 |

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