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Allowance for Credit Losses and Credit Quality of Loans (Tables) | 9 Months Ended
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Sep. 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 June 30, 2020 |  | $ | 50,386 |  |  | $ | 40,094 |  |  | $ | 23,020 |  |  | $ | 113,500 |
Charge-offs |  |  | (624 | ) |  |  | (4,097 | ) |  |  | (58 | ) |  |  | (4,779 | )
Recoveries |  |  | 333 |  |  |  | 2,123 |  |  |  | 62 |  |  |  | 2,518 |
Provision |  |  | 1,651 |  |  |  | 442 |  |  |  | 1,168 |  |  |  | 3,261 |
Ending Balance as of September 30, 2020 |  | $ | 51,746 |  |  | $ | 38,562 |  |  | $ | 24,192 |  |  | $ | 114,500 |
(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 |  |  | (2,353 | ) |  |  | (17,166 | ) |  |  | (863 | ) |  |  | (20,382 | )
Recoveries |  |  | 674 |  |  |  | 6,168 |  |  |  | 300 |  |  |  | 7,142 |
Provision |  |  | 26,269 |  |  |  | 17,438 |  |  |  | 8,034 |  |  |  | 51,741 |
Ending Balance as of September 30, 2020 |  | $ | 51,746 |  |  | $ | 38,562 |  |  | $ | 24,192 |  |  | $ | 114,500 |
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 June 30, 2019 |  | $ | 33,152 |  |  | $ | 36,534 |  |  | $ | 2,479 |  |  | $ | 72,165 |
Charge-offs |  |  | (865 | ) |  |  | (6,976 | ) |  |  | (174 | ) |  |  | (8,015 | )
Recoveries |  |  | 132 |  |  |  | 1,746 |  |  |  | 13 |  |  |  | 1,891 |
Provision |  |  | 1,021 |  |  |  | 5,031 |  |  |  | 272 |  |  |  | 6,324 |
Ending Balance as of September 30, 2019 |  | $ | 33,440 |  |  | $ | 36,335 |  |  | $ | 2,590 |  |  | $ | 72,365 |
(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 |  |  | (2,783 | ) |  |  | (21,336 | ) |  |  | (782 | ) |  |  | (24,901 | )
Recoveries |  |  | 344 |  |  |  | 4,887 |  |  |  | 122 |  |  |  | 5,353 |
Provision |  |  | 3,120 |  |  |  | 15,606 |  |  |  | 682 |  |  |  | 19,408 |
Ending Balance as of September 30, 2019 |  | $ | 33,440 |  |  | $ | 36,335 |  |  | $ | 2,590 |  |  | $ | 72,365 |
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 September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 703 |  |  | $ | 79 |  |  | $ | 12 |  |  | $ | 794 |  |  | $ | 4,172 |  |  | $ | 1,116,189 |  |  | $ | 1,121,155 |
CRE |  |  | 367 |  |  |  | 51 |  |  |  | - |  |  |  | 418 |  |  |  | 17,242 |  |  |  | 2,324,815 |  |  |  | 2,342,475 |
PPP |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 514,558 |  |  |  | 514,558 |
Total Commercial Loans |  | $ | 1,070 |  |  | $ | 130 |  |  | $ | 12 |  |  | $ | 1,212 |  |  | $ | 21,414 |  |  | $ | 3,955,562 |  |  | $ | 3,978,188 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | $ | 7,639 |  |  | $ | 1,534 |  |  | $ | 826 |  |  | $ | 9,999 |  |  | $ | 2,901 |  |  | $ | 938,433 |  |  | $ | 951,333 |
Other Consumer |  |  | 3,373 |  |  |  | 1,447 |  |  |  | 1,121 |  |  |  | 5,941 |  |  |  | 370 |  |  |  | 634,011 |  |  |  | 640,322 |
Total Consumer Loans |  | $ | 11,012 |  |  | $ | 2,981 |  |  | $ | 1,947 |  |  | $ | 15,940 |  |  | $ | 3,271 |  |  | $ | 1,572,444 |  |  | $ | 1,591,655 |
Residential |  | $ | 1,505 |  |  | $ | 256 |  |  | $ | 620 |  |  | $ | 2,381 |  |  | $ | 11,211 |  |  | $ | 1,977,208 |  |  | $ | 1,990,800 |
Total Loans |  | $ | 13,587 |  |  | $ | 3,367 |  |  | $ | 2,579 |  |  | $ | 19,533 |  |  | $ | 35,896 |  |  | $ | 7,505,214 |  |  | $ | 7,560,643 |
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 |
C&I |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 249,835 |  |  | $ | 204,978 |  |  | $ | 100,664 |  |  | $ | 51,944 |  |  | $ | 41,297 |  |  | $ | 36,030 |  |  | $ | 335,169 |  |  | $ | 273 |  |  | $ | 1,020,190 |
Special Mention |  |  | 14,004 |  |  |  | 10,680 |  |  |  | 6,410 |  |  |  | 5,684 |  |  |  | 3,547 |  |  |  | 3,634 |  |  |  | 20,136 |  |  |  | 50 |  |  |  | 64,145 |
Substandard |  |  | 635 |  |  |  | 5,614 |  |  |  | 9,437 |  |  |  | 3,574 |  |  |  | 920 |  |  |  | 5,510 |  |  |  | 9,586 |  |  |  | 9 |  |  |  | 35,285 |
Doubtful |  |  | - |  |  |  | 1,351 |  |  |  | - |  |  |  | 184 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,535 |
Total C&I |  | $ | 264,474 |  |  | $ | 222,623 |  |  | $ | 116,511 |  |  | $ | 61,386 |  |  | $ | 45,764 |  |  | $ | 45,174 |  |  | $ | 364,891 |  |  | $ | 332 |  |  | $ | 1,121,155 |
CRE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 313,029 |  |  | $ | 376,023 |  |  | $ | 250,936 |  |  | $ | 309,705 |  |  | $ | 216,756 |  |  | $ | 417,746 |  |  | $ | 88,356 |  |  | $ | 14,816 |  |  | $ | 1,987,367 |
Special Mention |  |  | 3,215 |  |  |  | 41,533 |  |  |  | 36,718 |  |  |  | 56,202 |  |  |  | 40,432 |  |  |  | 67,110 |  |  |  | 10,004 |  |  |  | - |  |  |  | 255,214 |
Substandard |  |  | 282 |  |  |  | 2,937 |  |  |  | 8,942 |  |  |  | 8,573 |  |  |  | 5,709 |  |  |  | 57,484 |  |  |  | 6,455 |  |  |  | - |  |  |  | 90,382 |
Doubtful |  |  | - |  |  |  | 1,897 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,615 |  |  |  | - |  |  |  | - |  |  |  | 9,512 |
Total CRE |  | $ | 316,526 |  |  | $ | 422,390 |  |  | $ | 296,596 |  |  | $ | 374,480 |  |  | $ | 262,897 |  |  | $ | 549,955 |  |  | $ | 104,815 |  |  | $ | 14,816 |  |  | $ | 2,342,475 |
PPP |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 514,558 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 514,558 |
Total PPP |  | $ | 514,558 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 514,558 |
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 153,299 |  |  | $ | 347,290 |  |  | $ | 229,833 |  |  | $ | 138,721 |  |  | $ | 58,144 |  |  | $ | 20,296 |  |  | $ | 23 |  |  | $ | - |  |  | $ | 947,606 |
Nonperforming |  |  | 208 |  |  |  | 1,135 |  |  |  | 1,353 |  |  |  | 655 |  |  |  | 376 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,727 |
Total Auto |  | $ | 153,507 |  |  | $ | 348,425 |  |  | $ | 231,186 |  |  | $ | 139,376 |  |  | $ | 58,520 |  |  | $ | 20,296 |  |  | $ | 23 |  |  | $ | - |  |  | $ | 951,333 |
Other Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 181,867 |  |  | $ | 195,369 |  |  | $ | 141,910 |  |  | $ | 63,712 |  |  | $ | 17,729 |  |  | $ | 19,465 |  |  | $ | 18,498 |  |  | $ | 281 |  |  | $ | 638,831 |
Nonperforming |  |  | 169 |  |  |  | 509 |  |  |  | 305 |  |  |  | 220 |  |  |  | 99 |  |  |  | 179 |  |  |  | 10 |  |  |  | - |  |  |  | 1,491 |
Total Other Consumer |  | $ | 182,036 |  |  | $ | 195,878 |  |  | $ | 142,215 |  |  | $ | 63,932 |  |  | $ | 17,828 |  |  | $ | 19,644 |  |  | $ | 18,508 |  |  | $ | 281 |  |  | $ | 640,322 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 158,672 |  |  | $ | 222,947 |  |  | $ | 225,715 |  |  | $ | 191,436 |  |  | $ | 171,022 |  |  | $ | 724,257 |  |  | $ | 271,304 |  |  | $ | 13,616 |  |  | $ | 1,978,969 |
Nonperforming |  |  | 548 |  |  |  | 137 |  |  |  | 718 |  |  |  | 1,138 |  |  |  | 364 |  |  |  | 8,788 |  |  |  | 11 |  |  |  | 127 |  |  |  | 11,831 |
Total Residential |  | $ | 159,220 |  |  | $ | 223,084 |  |  | $ | 226,433 |  |  | $ | 192,574 |  |  | $ | 171,386 |  |  | $ | 733,045 |  |  | $ | 271,315 |  |  | $ | 13,743 |  |  | $ | 1,990,800 |
Total Loans |  | $ | 1,590,321 |  |  | $ | 1,412,400 |  |  | $ | 1,012,941 |  |  | $ | 831,748 |  |  | $ | 556,395 |  |  | $ | 1,368,114 |  |  | $ | 759,552 |  |  | $ | 29,172 |  |  | $ | 7,560,643 |
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 September 30, 2020 |  |  | Nine Months Ended September 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 |  |  | 10 |  |  | $ | 659 |  |  | $ | 715 |  |  |  | 24 |  |  | $ | 1,619 |  |  | $ | 1,745 |
Total Troubled Debt Restructurings |  |  | 10 |  |  | $ | 659 |  |  | $ | 715 |  |  |  | 25 |  |  | $ | 1,663 |  |  | $ | 1,789 |
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 September 30, 2020 |  |  | Nine Months Ended September 30, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |  |  | Number of Contracts |  |  | Recorded Investment |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |
C&I |  |  | - |  |  | $ | - |  |  |  | 1 |  |  | $ | 387 |
CRE |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 168 |
Total Commercial Loans |  |  | - |  |  | $ | - |  |  |  | 2 |  |  | $ | 555 |
Residential |  |  | 9 |  |  | $ | 299 |  |  |  | 45 |  |  | $ | 2,280 |
Total Troubled Debt Restructurings |  |  | 9 |  |  | $ | 299 |  |  |  | 47 |  |  | $ | 2,835 |
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 September 30, 2019 |  |  | Nine Months Ended September 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 |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | 9 |  |  | $ | 134 |  |  | $ | 134 |
Direct |  |  | 1 |  |  |  | 30 |  |  |  | 37 |  |  |  | 9 |  |  |  | 418 |  |  |  | 434 |
Total Consumer Loans |  |  | 1 |  |  | $ | 30 |  |  | $ | 37 |  |  |  | 18 |  |  | $ | 552 |  |  | $ | 568 |
Residential Real Estate |  |  | 2 |  |  | $ | 186 |  |  | $ | 203 |  |  |  | 10 |  |  | $ | 942 |  |  | $ | 990 |
Total Troubled Debt Restructurings |  |  | 3 |  |  | $ | 216 |  |  | $ | 240 |  |  |  | 31 |  |  | $ | 1,947 |  |  | $ | 2,011 |
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 September 30, 2019 |  |  | Nine Months Ended September 30, 2019 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |  |  | Number of Contracts |  |  | Recorded Investment |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  |  | 1 |  |  | $ | 10 |  |  |  | 2 |  |  | $ | 17 |
Direct |  |  | 9 |  |  |  | 332 |  |  |  | 24 |  |  |  | 1,109 |
Total Consumer Loans |  |  | 10 |  |  | $ | 342 |  |  |  | 26 |  |  | $ | 1,126 |
Residential Real Estate |  |  | 9 |  |  | $ | 572 |  |  |  | 19 |  |  | $ | 1,087 |
Total Troubled Debt Restructurings |  |  | 19 |  |  | $ | 914 |  |  |  | 45 |  |  | $ | 2,213 |
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 |  |  | Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2019 |
(In thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Originated |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 115 |  |  | $ | - |  |  | $ | 291 |  |  | $ | 1 |
CRE |  |  | 2,554 |  |  |  | 30 |  |  |  | 3,577 |  |  |  | 91 |
Business Banking |  |  | 1,002 |  |  |  | 7 |  |  |  | 1,111 |  |  |  | 18 |
Total Commercial Loans |  | $ | 3,671 |  |  | $ | 37 |  |  | $ | 4,979 |  |  | $ | 110 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  | $ | 213 |  |  | $ | 3 |  |  | $ | 201 |  |  | $ | 9 |
Direct |  |  | 7,293 |  |  |  | 95 |  |  |  | 7,518 |  |  |  | 291 |
Total Consumer Loans |  | $ | 7,506 |  |  | $ | 98 |  |  | $ | 7,719 |  |  | $ | 300 |
Residential Real Estate |  | $ | 7,629 |  |  | $ | 93 |  |  | $ | 7,428 |  |  | $ | 252 |
Total Originated |  | $ | 18,806 |  |  | $ | 228 |  |  | $ | 20,126 |  |  | $ | 662 |
Total Loans |  | $ | 18,806 |  |  | $ | 228 |  |  | $ | 20,126 |  |  | $ | 662 |

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