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LOANS (Tables)

6 Months Ended

Jun. 30, 2019

The following is a summary of total loans:



	June 30, 2019						December 31, 2018
(In thousands)	Business Activities Loans		Acquired Loans		Total		Business Activities Loans		Acquired Loans		Total
Commercial real estate:
Construction	$	300,996	$	58,497	$	359,493	$	327,792	$	25,220	$	353,012
Other commercial real estate	2,358,502		1,287,352		3,645,854		2,260,919		786,290		3,047,209
Total commercial real estate	2,659,498		1,345,849		4,005,347		2,588,711		811,510		3,400,221

Commercial and industrial loans:	1,471,766		515,531		1,987,297		1,513,538		466,508		1,980,046

Total commercial loans	4,131,264		1,861,380		5,992,644		4,102,249		1,278,018		5,380,267

Residential mortgages:
1-4 family	2,268,445		596,607		2,865,052		2,317,716		238,952		2,556,668
Construction	9,170		8,158		17,328		9,582		174		9,756
Total residential mortgages	2,277,615		604,765		2,882,380		2,327,298		239,126		2,566,424

Consumer loans:
Home equity	281,254		122,576		403,830		289,961		86,719		376,680
Auto and other	604,272		58,702		662,974		647,236		72,646		719,882
Total consumer loans	885,526		181,278		1,066,804		937,197		159,365		1,096,562

Total loans	$	7,294,405	$	2,647,423	$	9,941,828	$	7,366,744	$	1,676,509	$	9,043,253

Schedule of Activity in the Accretable Yield for the Acquired Loan Portfolio that Falls Under the Review of ASC 310-30, Accounting for Certain Loans or Debt Securities Acquired in a Transfer

The following table summarizes activity in the accretable yield for the acquired loan portfolio that falls under the purview of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality:



	Three Months Ended June 30,
(In thousands)	2019			2018
Balance at beginning of period	$	2,139		$	10,392
Acquisitions	4,200			—
Accretion	(2,278		)	(6,881		)
Net reclassifications from (to) nonaccretable difference	1,464			4,517
Payments received, net	(105		)	(1,724		)
Balance at end of period	$	5,420		$	6,304

	Six Months Ended June 30,
(In thousands)	2019			2018
Balance at beginning of period	$	2,840		$	11,561
Acquisitions	4,200			—
Accretion	(3,598		)	(10,313		)
Net reclassifications from (to) nonaccretable difference	2,129			7,049
Payments received, net	(160		)	(1,912		)
Reclassification to TDR	9			—
Disposals	—			(81		)
Balance at end of period	$	5,420		$	6,304

Summary of Past Due Loans

The following is a summary of past due loans at June 30, 2019 and December 31, 2018:

Business Activities Loans



(In thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Loans		Past Due > 90 days and Accruing
June 30, 2019
Commercial real estate:
Construction	$	—	$	—	$	—	$	—	$	300,996	$	300,996	$	—
Other commercial real estate	388		478		17,375		18,241		2,340,261		2,358,502		—
Total	388		478		17,375		18,241		2,641,257		2,659,498		—
Commercial and industrial loans:
Total	2,071		784		9,889		12,744		1,459,022		1,471,766		1,422
Residential mortgages:
1-4 family	867		543		3,504		4,914		2,263,531		2,268,445		1,258
Construction	—		—		—		—		9,170		9,170		—
Total	867		543		3,504		4,914		2,272,701		2,277,615		1,258
Consumer loans:							—
Home equity	191		582		979		1,752		279,502		281,254		165
Auto and other	3,498		663		1,802		5,963		598,309		604,272		—
Total	3,689		1,245		2,781		7,715		877,811		885,526		165
Total	$	7,015	$	3,050	$	33,549	$	43,614	$	7,250,791	$	7,294,405	$	2,845

Business Activities Loans



(In thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Loans		Past Due > 90 days and Accruing
December 31, 2018
Commercial real estate:
Construction	$	—	$	—	$	—	$	—	$	327,792	$	327,792	$	—
Other commercial real estate	913		276		18,833		20,022		2,240,897		2,260,919		993
Total	913		276		18,833		20,022		2,568,689		2,588,711		993
Commercial and industrial loans:
Total	4,694		975		4,636		10,305		1,503,233		1,513,538		4
Residential mortgages:
1-4 family	1,631		1,619		1,440		4,690		2,313,026		2,317,716		66
Construction	—		—		—		—		9,582		9,582		—
Total	1,631		1,619		1,440		4,690		2,322,608		2,327,298		66
Consumer loans:
Home equity	618		15		933		1,566		288,395		289,961		—
Auto and other	3,543		615		1,699		5,857		641,379		647,236		—
Total	4,161		630		2,632		7,423		929,774		937,197		—
Total	$	11,399	$	3,500	$	27,541	$	42,440	$	7,324,304	$	7,366,744	$	1,063

Acquired Loans



(In thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Acquired Credit Impaired		Total Loans		Past Due > 90 days and Accruing
June 30, 2019
Commercial real estate:
Construction	$	—	$	—	$	—	$	—	$	1,411	$	58,497	$	—
Other commercial real estate	998		695		4,432		6,125		28,212		1,287,352		2,441
Total	998		695		4,432		6,125		29,623		1,345,849		2,441
Commercial and industrial loans:
Total	1,055		62		1,003		2,120		31,456		515,531		214
Residential mortgages:
1-4 family	970		488		1,408		2,866		12,050		596,607		75
Construction	—		—		—		—		—		8,158		—
Total	970		488		1,408		2,866		12,050		604,765		75
Consumer loans:
Home equity	379		—		727		1,106		700		122,576		82
Auto and other	168		41		309		518		263		58,702		—
Total	547		41		1,036		1,624		963		181,278		82
Total	$	3,570	$	1,286	$	7,879	$	12,735	$	74,092	$	2,647,423	$	2,812

Acquired Loans



(In thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Acquired Credit Impaired		Total Loans		Past Due > 90 days and Accruing
December 31, 2018
Commercial real estate:							—
Construction	$	—	$	—	$	—	$	—	$	—	$	25,220	$	—
Other commercial real estate	2,603		1,127		4,183		7,913		11,994		786,290		1,652
Total	2,603		1,127		4,183		7,913		11,994		811,510		1,652
Commercial and industrial loans:
Total	217		147		1,515		1,879		29,539		466,508		144
Residential mortgages:
1-4 family	1,382		144		918		2,444		4,888		238,952		75
Construction	—		—		—		—		—		174		—
Total	1,382		144		918		2,444		4,888		239,126		75
Consumer loans:
Home equity	290		148		751		1,189		553		86,719		—
Auto and other	193		62		547		802		314		72,646		96
Total	483		210		1,298		1,991		867		159,365		96
Total	$	4,685	$	1,628	$	7,914	$	14,227	$	47,288	$	1,676,509	$	1,967

Summary of Information Pertaining to Non-Accrual Loans

The following is summary information pertaining to non-accrual loans at June 30, 2019 and December 31, 2018:



	June 30, 2019						December 31, 2018
(In thousands)	Business Activities Loans		Acquired Loans		Total		Business Activities Loans		Acquired Loans		Total
Commercial real estate:
Construction	$	—	$	—	$	—	$	—	$	—	$	—
Other commercial real estate	17,375		1,991		19,366		17,840		2,531		20,371
Total	17,375		1,991		19,366		17,840		2,531		20,371

Commercial and industrial loans:
Total	8,467		789		9,256		4,632		1,371		6,003

Residential mortgages:
1-4 family	2,246		1,333		3,579		1,374		843		2,217
Construction	—		—		—		—		—		—
Total	2,246		1,333		3,579		1,374		843		2,217

Consumer loans:
Home equity	814		645		1,459		933		751		1,684
Auto and other	1,802		309		2,111		1,699		451		2,150
Total	2,616		954		3,570		2,632		1,202		3,834

Total non-accrual loans	$	30,704	$	5,067	$	35,771	$	26,478	$	5,947	$	32,425

Schedule of Loans Evaluated for Impairment

Loans evaluated for impairment as of June 30, 2019 and December 31, 2018 were as follows:

Business Activities Loans



(In thousands)	Commercial real estate		Commercial and industrial loans		Residential mortgages		Consumer		Total
June 30, 2019
Loans receivable:
Balance at end of period
Individually evaluated for impairment	$	22,035	$	6,753	$	2,841	$	138	$	31,767
Collectively evaluated for impairment	2,637,463		1,465,013		2,274,774		885,388		7,262,638
Total	$	2,659,498	$	1,471,766	$	2,277,615	$	885,526	$	7,294,405

Business Activities Loans



(In thousands)	Commercial real estate		Commercial and industrial loans		Residential mortgages		Consumer		Total
December 31, 2018
Loans receivable:
Balance at end of year
Individually evaluated for impairment	$	23,345	$	2,825	$	2,089	$	342	$	28,601
Collectively evaluated for impairment	2,565,366		1,510,713		2,325,209		936,855		7,338,143
Total	$	2,588,711	$	1,513,538	$	2,327,298	$	937,197	$	7,366,744

Acquired Loans



(In thousands)	Commercial real estate		Commercial and industrial loans		Residential mortgages		Consumer		Total
June 30, 2019
Loans receivable:
Balance at end of Period
Individually evaluated for impairment	$	3,709	$	372	$	740	$	349	$	5,170
Purchased credit-impaired loans	29,623		31,456		12,050		963		74,092
Collectively evaluated for impairment	1,312,517		483,703		591,975		179,966		2,568,161
Total	$	1,345,849	$	515,531	$	604,765	$	181,278	$	2,647,423

Acquired Loans



(In thousands)	Commercial real estate		Commercial and industrial loans		Residential mortgages		Consumer		Total
December 31, 2018
Loans receivable:
Balance at end of year
Individually evaluated for impairment	$	3,980	$	763	$	362	$	646	$	5,751
Purchased credit-impaired loans	11,994		29,539		4,888		867		47,288
Collectively evaluated for impairment	795,536		436,206		233,876		157,852		1,623,470
Total	$	811,510	$	466,508	$	239,126	$	159,365	$	1,676,509

Summary of Impaired Loans

The following is a summary of impaired loans at June 30, 2019 and December 31, 2018:

Business Activities Loans



	June 30, 2019
(In thousands)	Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
With no related allowance:
Other commercial real estate	$	21,538	$	33,028	$	—
Commercial and industrial loans	5,319		10,807		—
Residential mortgages - 1-4 family	1,244		1,407		—
Consumer - home equity	35		240		—
Consumer - other	—		—		—

With an allowance recorded:
Other commercial real estate	$	513	$	525	$	7
Commercial and industrial loans	1,343		1,349		42
Residential mortgages - 1-4 family	1,613		1,739		78
Consumer - home equity	92		101		7
Consumer - other	11		11		—

Total
Commercial real estate	$	22,051	$	33,553	$	7
Commercial and industrial loans	6,662		12,156		42
Residential mortgages	2,857		3,146		78
Consumer	138		352		7
Total impaired loans	$	31,708	$	49,207	$	134

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. These amounts are components of total loans and other assets on the Consolidated Balance Sheet.

(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.

Business Activities Loans



	December 31, 2018
(In thousands)	Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
With no related allowance:
Other commercial real estate loans	$	22,606	$	31,038	$	—
Commercial and industrial loans	1,584		2,566		—
Residential mortgages - 1-4 family	443		441		—
Consumer - home equity	230		242		—
Consumer - other	—		—		—

With an allowance recorded:
Other commercial real estate loans	$	666	$	670	$	9
Commercial and industrial loans	1,251		1,235		49
Residential mortgages - 1-4 family	1,663		1,779		128
Consumer - home equity	100		106		10
Consumer - other	13		13		1

Total
Commercial real estate	$	23,272	$	31,708	$	9
Commercial and industrial loans	2,835		3,801		49
Residential mortgages	2,106		2,220		128
Consumer	343		361		11
Total impaired loans	$	28,556	$	38,090	$	197

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.

(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.

Acquired Loans



	June 30, 2019
(In thousands)	Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
With no related allowance:
Other commercial real estate loans	$	2,664	$	5,544	$	—
Commercial and industrial loans	343		594		—
Residential mortgages - 1-4 family	658		656		—
Consumer - home equity	243		1,448		—
Consumer - other	16		14		—

With an allowance recorded:
Other commercial real estate loans	$	1,066	$	1,071	$	84
Commercial and industrial loans	29		30		—
Residential mortgages - 1-4 family	88		113		8
Consumer - home equity	50		50		—
Consumer - other	41		39		7

Total					x
Commercial real estate	$	3,730	$	6,615	$	84
Commercial and industrial loans	372		624		—
Residential mortgages	746		769		8
Consumer	350		1,551		7
Total impaired loans	$	5,198	$	9,559	$	99

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.

(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.

Acquired Loans



	December 31, 2018
(In thousands)	Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
With no related allowance:
Other commercial real estate loans	$	3,055	$	5,959	$	—
Other commercial and industrial loans	538		644		—
Residential mortgages - 1-4 family	271		324		—
Consumer - home equity	399		1,053		—
Consumer - other	—		11		—

With an allowance recorded:
Other commercial real estate loans	$	925	$	947	$	9
Commercial and industrial loans	228		232		4
Residential mortgages - 1-4 family	94		117		36
Consumer - home equity	205		196		41
Consumer - other	43		40		7

Total
Commercial real estate	$	3,980	$	6,906	$	9
Commercial and industrial loans	766		876		4
Residential mortgages	365		441		36
Consumer	647		1,300		48
Total impaired loans	$	5,758	$	9,523	$	97

(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.

(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.

Summary of the Average Recorded Investment and Interest Income Recognized on Impaired Loans

The following is a summary of the average recorded investment and interest income recognized on impaired loans as of June 30, 2019 and 2018:

Business Activities Loans



	Six Months Ended June 30, 2019				Six Months Ended June 30, 2018
(In thousands)	Average Recorded Investment		Cash Basis Interest Income Recognized		Average Recorded Investment		Cash Basis Interest Income Recognized
With no related allowance:
Other commercial real estate loans	$	20,877	$	213	$	29,092	$	326
Commercial and industrial loans	1,775		304		4,467		201
Residential mortgages - 1-4 family	574		23		942		26
Consumer - home equity	196		1		1,754		4
Consumer - other	—		—		—		—

With an allowance recorded:
Other commercial real estate loans	$	569	$	12	$	1,786	$	47
Commercial and industrial loans	1,468		64		1,279		83
Residential mortgages - 1-4 family	1,633		37		1,409		32
Consumer - home equity	95		3		45		1
Consumer - other	12		—		16		—

Total
Commercial real estate	$	21,446	$	225	$	30,878	$	373
Commercial and industrial loans	3,243		368		5,746		284
Residential mortgages	2,207		60		2,351		58
Consumer loans	303		4		1,815		5
Total impaired loans	$	27,199	$	657	$	40,790	$	720

Acquired Loans



	Six Months Ended June 30, 2019				Six Months Ended June 30, 2018
(In thousands)	Average Recorded Investment		Cash Basis Interest Income Recognized		Average Recorded Investment		Cash Basis Interest Income Recognized
With no related allowance:
Other commercial real estate loans	$	2,607	$	82	$	2,306	$	111
Commercial and industrial loans	522		32		349		27
Residential mortgages - 1-4 family	362		12		1,505		6
Consumer - home equity	557		5		760		—
Consumer - other	5		—		17		1

With an allowance recorded:
Other commercial real estate loans	$	965	$	33	$	3,020	$	89
Commercial and industrial loans	30		1		287		17
Residential mortgages - 1-4 family	90		4		77		2
Consumer - home equity	50		1		320		5
Consumer - other	42		1		—		—

Total
Commercial real estate	$	3,572	$	115	$	5,326	$	200
Commercial and industrial loans	552		33		636		44
Residential mortgages	452		16		1,582		8
Consumer loans	654		7		1,097		6
Total impaired loans	$	5,230	$	171	$	8,641	$	258

Schedule of Recorded Investment and Number of Modifications for TDRs Identified During the Period

The following tables include the recorded investment and number of modifications identified during the three and six months ended June 30, 2019 and June 30, 2018. The table includes the recorded investment in the loans prior to a modification and also the recorded investment in the loans after the loans were restructured. The modifications for the three and six months ended June 30, 2019 and 2018 were attributable to interest rate concessions, principal concessions, maturity date extensions, modified payment terms, reamortization, and accelerated maturity.



	Three Months Ended June 30, 2019
(Dollars in thousands)	Number of Modifications	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial real estate	—	$	—	$	—
Commercial and industrial	2	282		279
Total	2	$	282	$	279



	Six Months Ended June 30, 2019
(Dollars in thousands)	Number of Modifications	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial real estate	2	$	145	$	145
Commercial and industrial	3	475		472
Total	5	$	620	$	617



	Three Months Ended June 30, 2018
(Dollars in thousands)	Number of Modifications	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial and industrial	—	$	—	$	—
Residential - 1-4 Family	—	—		—
Total	—	$	—	$	—



	Six Months Ended June 30, 2018
(Dollars in thousands)	Number of Modifications	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings				19
Commercial and industrial	4	1,995		1,924
Residential - 1-4 Family	1	118		118
Total	5	$	2,113	$	2,042

The following table discloses the recorded investments and numbers of modifications for TDRs where a concession has been made within the previous 12 months, that then defaulted in the respective reporting period. There were no TDRs that defaulted within 12 months of modifications during the three and six months ended June 30, 2019. For the three and six months ended June 30, 2018, there were two loans that were restructured that had subsequently defaulted during the period.



	Modifications that Subsequently Defaulted
	Three Months Ended June 30, 2018
(Dollars in thousands)	Number of Contracts	Recorded Investment
Troubled Debt Restructurings
Commercial real estate	1	5,992
Commercial and industrial	1	1,065



	Modifications that Subsequently Defaulted
	Six Months Ended June 30, 2018
(Dollars in thousands)	Number of Contracts	Recorded Investment
Troubled Debt Restructurings
Commercial real estate	1	5,992
Commercial and industrial	1	1,065

Schedule of TDR Activity

The following table presents the Company’s TDR activity for the three and six months ended June 30, 2019 and 2018:



	Three Months Ended June 30,
(In thousands)	2019			2018
Balance at beginning of the period	$	25,185		$	43,105
Principal payments	(375		)	(2,511		)
TDR status change (1)	—			—
Other reductions (2)	—			(7,088		)
Newly identified TDRs	279			—
Balance at end of the period	$	25,089		$	33,506



	Six Months Ended June 30,
(In thousands)	2019			2018
Balance at beginning of the period	$	27,415		$	41,990
Principal payments	(1,788		)	(3,150		)
TDR status change (1)	—			—
Other reductions (2)	(1,155		)	(7,376		)
Newly identified TDRs	617			2,042
Balance at end of the period	$	25,089		$	33,506

_________________________________

(1) TDR status change classification represents TDR loans with a specified interest rate equal to or greater than the rate that the Company was willing to accept at the time of the restructuring for a new loan with comparable risk and the loan was on current payment status and not impaired based on the terms specified by the restructuring agreement.

(2) Other reductions classification consists of transfer to other real estate owned, payoffs, charge-offs, and advances to loans.