XML 53 R39.htm IDEA: XBRL DOCUMENT
v3.20.4

Allowance for Credit Losses and Credit Quality of Loans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Allowance for Credit Losses and Credit Quality of Loans [Abstract] |
Allowance for Loan Losses by Portfolio | The following table illustrate the changes in the allowance for credit losses by our portfolio segments:
(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 |  |  | (4,005 | ) |  |  | (21,938 | ) |  |  | (1,135 | ) |  |  | (27,078 | )
Recoveries |  |  | 786 |  |  |  | 8,541 |  |  |  | 618 |  |  |  | 9,945 |
Provision |  |  | 27,005 |  |  |  | 19,078 |  |  |  | 5,051 |  |  |  | 51,134 |
Ending Balance as of December 31, 2020 |  | $ | 50,942 |  |  | $ | 37,803 |  |  | $ | 21,255 |  |  | $ | 110,000 |
The following tables illustrate 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 |  |  | (3,151 | ) |  |  | (28,398 | ) |  |  | (991 | ) |  |  | (32,540 | )
Recoveries |  |  | 534 |  |  |  | 6,913 |  |  |  | 141 |  |  |  | 7,588 |
Provision |  |  | 4,383 |  |  |  | 19,954 |  |  |  | 1,075 |  |  |  | 25,412 |
Ending Balance as of December 31, 2019 |  | $ | 34,525 |  |  | $ | 35,647 |  |  | $ | 2,793 |  |  | $ | 72,965 |
Balance as of December 31, 2017 |  | $ | 27,606 |  |  | $ | 36,830 |  |  | $ | 5,064 |  |  | $ | 69,500 |
Charge-offs |  |  | (3,463 | ) |  |  | (29,752 | ) |  |  | (913 | ) |  |  | (34,128 | )
Recoveries |  |  | 1,178 |  |  |  | 6,821 |  |  |  | 306 |  |  |  | 8,305 |
Provision |  |  | 7,438 |  |  |  | 23,279 |  |  |  | (1,889 | ) |  |  | 28,828 |
Ending Balance as of December 31, 2018 |  | $ | 32,759 |  |  | $ | 37,178 |  |  | $ | 2,568 |  |  | $ | 72,505 |
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 December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 2,235 |  |  | $ | 2,394 |  |  | $ | 23 |  |  | $ | 4,652 |  |  | $ | 4,278 |  |  | $ | 1,116,686 |  |  | $ | 1,125,616 |
CRE |  |  | 682 |  |  |  | - |  |  |  | 470 |  |  |  | 1,152 |  |  |  | 19,971 |  |  |  | 2,391,162 |  |  |  | 2,412,285 |
PPP |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 430,810 |  |  |  | 430,810 |
Total Commercial Loans |  | $ | 2,917 |  |  | $ | 2,394 |  |  | $ | 493 |  |  | $ | 5,804 |  |  | $ | 24,249 |  |  | $ | 3,938,658 |  |  | $ | 3,968,711 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | $ | 9,125 |  |  | $ | 1,553 |  |  | $ | 866 |  |  | $ | 11,544 |  |  | $ | 2,730 |  |  | $ | 877,831 |  |  | $ | 892,105 |
Other Consumer |  |  | 3,711 |  |  |  | 1,929 |  |  |  | 1,272 |  |  |  | 6,912 |  |  |  | 290 |  |  |  | 640,952 |  |  |  | 648,154 |
Total Consumer Loans |  | $ | 12,836 |  |  | $ | 3,482 |  |  | $ | 2,138 |  |  | $ | 18,456 |  |  | $ | 3,020 |  |  | $ | 1,518,783 |  |  | $ | 1,540,259 |
Residential |  | $ | 2,719 |  |  | $ | 309 |  |  | $ | 518 |  |  | $ | 3,546 |  |  | $ | 17,378 |  |  | $ | 1,968,991 |  |  | $ | 1,989,915 |
Total Loans |  | $ | 18,472 |  |  | $ | 6,185 |  |  | $ | 3,149 |  |  | $ | 27,806 |  |  | $ | 44,647 |  |  | $ | 7,426,432 |  |  | $ | 7,498,885 |
The following table sets 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 December 31, 2020:
(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 |  | $ | 331,921 |  |  | $ | 182,329 |  |  | $ | 91,230 |  |  | $ | 41,856 |  |  | $ | 32,625 |  |  | $ | 32,609 |  |  | $ | 322,674 |  |  | $ | 412 |  |  | $ | 1,035,656 |
Special Mention |  |  | 20,064 |  |  |  | 6,534 |  |  |  | 5,053 |  |  |  | 4,702 |  |  |  | 1,624 |  |  |  | 2,830 |  |  |  | 13,614 |  |  |  | - |  |  |  | 54,421 |
Substandard |  |  | 338 |  |  |  | 6,364 |  |  |  | 10,219 |  |  |  | 3,388 |  |  |  | 791 |  |  |  | 4,272 |  |  |  | 9,945 |  |  |  | 14 |  |  |  | 35,331 |
Doubtful |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 207 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 208 |
Total C&I |  | $ | 352,323 |  |  | $ | 195,227 |  |  | $ | 106,502 |  |  | $ | 50,153 |  |  | $ | 35,040 |  |  | $ | 39,712 |  |  | $ | 346,233 |  |  | $ | 426 |  |  | $ | 1,125,616 |
CRE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 469,919 |  |  | $ | 361,187 |  |  | $ | 256,154 |  |  | $ | 271,874 |  |  | $ | 212,197 |  |  | $ | 383,690 |  |  | $ | 113,128 |  |  | $ | 4,034 |  |  | $ | 2,072,183 |
Special Mention |  |  | 2,051 |  |  |  | 44,034 |  |  |  | 22,260 |  |  |  | 55,039 |  |  |  | 36,830 |  |  |  | 43,537 |  |  |  | 1,297 |  |  |  | 11,524 |  |  |  | 216,572 |
Substandard |  |  | 536 |  |  |  | 5,307 |  |  |  | 18,298 |  |  |  | 15,691 |  |  |  | 6,018 |  |  |  | 62,168 |  |  |  | 1,501 |  |  |  | 4,642 |  |  |  | 114,161 |
Doubtful |  |  | - |  |  |  | 1,897 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,472 |  |  |  | - |  |  |  | - |  |  |  | 9,369 |
Total CRE |  | $ | 472,506 |  |  | $ | 412,425 |  |  | $ | 296,712 |  |  | $ | 342,604 |  |  | $ | 255,045 |  |  | $ | 496,867 |  |  | $ | 115,926 |  |  | $ | 20,200 |  |  | $ | 2,412,285 |
PPP |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 430,810 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 430,810 |
Total PPP |  | $ | 430,810 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 430,810 |
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 197,881 |  |  | $ | 314,034 |  |  | $ | 201,850 |  |  | $ | 115,977 |  |  | $ | 45,495 |  |  | $ | 13,250 |  |  | $ | 22 |  |  | $ | - |  |  | $ | 888,509 |
Nonperforming |  |  | 359 |  |  |  | 1,140 |  |  |  | 1,135 |  |  |  | 525 |  |  |  | 437 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,596 |
Total Auto |  | $ | 198,240 |  |  | $ | 315,174 |  |  | $ | 202,985 |  |  | $ | 116,502 |  |  | $ | 45,932 |  |  | $ | 13,250 |  |  | $ | 22 |  |  | $ | - |  |  | $ | 892,105 |
Other Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 234,628 |  |  | $ | 178,411 |  |  | $ | 127,549 |  |  | $ | 55,676 |  |  | $ | 14,255 |  |  | $ | 17,414 |  |  | $ | 18,588 |  |  | $ | 71 |  |  | $ | 646,592 |
Nonperforming |  |  | 339 |  |  |  | 418 |  |  |  | 307 |  |  |  | 265 |  |  |  | 90 |  |  |  | 133 |  |  |  | 10 |  |  |  | - |  |  |  | 1,562 |
Total Other Consumer |  | $ | 234,967 |  |  | $ | 178,829 |  |  | $ | 127,856 |  |  | $ | 55,941 |  |  | $ | 14,345 |  |  | $ | 17,547 |  |  | $ | 18,598 |  |  | $ | 71 |  |  | $ | 648,154 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
By Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 237,338 |  |  | $ | 210,505 |  |  | $ | 213,437 |  |  | $ | 182,993 |  |  | $ | 164,424 |  |  | $ | 684,495 |  |  | $ | 268,878 |  |  | $ | 9,991 |  |  | $ | 1,972,061 |
Nonperforming |  |  | 1,245 |  |  |  | 659 |  |  |  | 2,318 |  |  |  | 2,535 |  |  |  | 902 |  |  |  | 10,195 |  |  |  | - |  |  |  | - |  |  |  | 17,854 |
Total Residential |  | $ | 238,583 |  |  | $ | 211,164 |  |  | $ | 215,755 |  |  | $ | 185,528 |  |  | $ | 165,326 |  |  | $ | 694,690 |  |  | $ | 268,878 |  |  | $ | 9,991 |  |  | $ | 1,989,915 |
Total Loans |  | $ | 1,927,429 |  |  | $ | 1,312,819 |  |  | $ | 949,810 |  |  | $ | 750,728 |  |  | $ | 515,688 |  |  | $ | 1,262,066 |  |  | $ | 749,657 |  |  | $ | 30,688 |  |  | $ | 7,498,885 |
(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 |  | Business |  |  |  |
By Internally Assigned Grade: |  | Banking |  |  | Total |
Non-classified |  | $ | 524,725 |  |  | $ | 524,725 |
Classified |  |  | 13,803 |  |  |  | 13,803 |
Total |  | $ | 538,528 |  |  | $ | 538,528 |
Consumer Credit Exposure |  |  |  |  | Specialty |  |  |  |  |  |  |
By Payment Activity: |  | Indirect Auto |  |  | 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 |  | Residential |  |  |  |
By Payment Activity: |  | 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 |  | Business |  |  |  |
By Internally Assigned Grade: |  | 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 |  | Residential |  |  |  |
By Payment Activity: |  | 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:
|  | Year Ended December 31, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Commercial Loans: |  |  |  |  |  |  |  |  |
C&I |  |  | 1 |  |  | $ | 22 |  |  | $ | 22 |
Total Commercial Loans |  |  | 1 |  |  | $ | 22 |  |  | $ | 22 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  |  | 1 |  |  | $ | 44 |  |  | $ | 44 |
Total Consumer Loans |  |  | 1 |  |  | $ | 44 |  |  | $ | 44 |
Residential |  |  | 35 |  |  | $ | 2,834 |  |  | $ | 2,960 |
Total Troubled Debt Restructurings |  |  | 37 |  |  | $ | 2,900 |  |  | $ | 3,026 |
The following table illustrates the recorded investment and number of modifications for TDRs where a concession has been made and subsequently defaulted during the year:
|  | Year Ended December 31, 2020 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |
Commercial Loans: |  |  |  |  |  |
C&I |  |  | 1 |  |  | $ | 387 |
CRE |  |  | 1 |  |  |  | 168 |
Total Commercial Loans |  |  | 2 |  |  | $ | 555 |
Consumer Loans: |  |  |  |  |  |  |  |
Auto |  |  | 1 |  |  | $ | 6 |
Total Consumer Loans |  |  | 1 |  |  | $ | 6 |
Residential |  |  | 61 |  |  | $ | 3,213 |
Total Trouble Debt Restructurings |  |  | 64 |  |  | $ | 3,774 |
The following tables illustrate 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:
|  | Year Ended December 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 |
CRE |  |  | 1 |  |  |  | 402 |  |  |  | 402 |
Business Banking |  |  | 3 |  |  |  | 425 |  |  |  | 431 |
Total Commercial Loans |  |  | 5 |  |  | $ | 892 |  |  | $ | 898 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  |  | 9 |  |  | $ | 134 |  |  | $ | 134 |
Direct |  |  | 11 |  |  |  | 450 |  |  |  | 480 |
Total Consumer Loans |  |  | 20 |  |  | $ | 584 |  |  | $ | 614 |
Residential Real Estate |  |  | 12 |  |  | $ | 1,032 |  |  | $ | 1,091 |
Total Troubled Debt Restructurings |  |  | 37 |  |  | $ | 2,508 |  |  | $ | 2,603 |
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:
|  | Year Ended December 31, 2019 |
(Dollars in thousands) |  | Number of Contracts |  |  | Recorded Investment |
Consumer Loans: |  |  |  |  |  |
Indirect Auto |  |  | 3 |  |  | $ | 18 |
Direct |  |  | 29 |  |  |  | 1,385 |
Total Consumer Loans |  |  | 32 |  |  | $ | 1,403 |
Residential Real Estate |  |  | 23 |  |  | $ | 1,203 |
Total Troubled Debt Restructurings |  |  | 55 |  |  | $ | 2,606 |
Impaired Loans and Specific Reserve Allocations | The following table provides information on 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:
|  | December 31, 2019 |  |  | December 31, 2018 |
(In thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Originated |  |  |  |  |  |  |  |  |  |  |  |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |
C&I |  | $ | 242 |  |  | $ | 1 |  |  | $ | 453 |  |  | $ | 1 |
CRE |  |  | 3,311 |  |  |  | 123 |  |  |  | 4,078 |  |  |  | 128 |
Business Banking |  |  | 1,089 |  |  |  | 24 |  |  |  | 1,018 |  |  |  | 26 |
Total Commercial Loans |  | $ | 4,642 |  |  | $ | 148 |  |  | $ | 5,549 |  |  | $ | 155 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect Auto |  | $ | 192 |  |  | $ | 10 |  |  | $ | 179 |  |  | $ | 10 |
Direct |  |  | 7,387 |  |  |  | 382 |  |  |  | 7,922 |  |  |  | 431 |
Specialty Lending |  |  | 7 |  |  |  | 1 |  |  |  | - |  |  |  | - |
Total Consumer Loans |  | $ | 7,586 |  |  | $ | 393 |  |  | $ | 8,101 |  |  | $ | 441 |
Residential Real Estate |  | $ | 7,505 |  |  | $ | 350 |  |  | $ | 6,779 |  |  | $ | 305 |
Total Originated |  | $ | 19,733 |  |  | $ | 891 |  |  | $ | 20,429 |  |  | $ | 901 |
Total Loans |  | $ | 19,733 |  |  | $ | 891 |  |  | $ | 20,429 |  |  | $ | 901 |

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified as troubled debt restructuring. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration