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LOANS (Tables)
12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Schedule of Loans
The following is a summary of total loans:
 
 
December 31, 2019
 
December 31, 2018
(In thousands)
 
Business  Activities Loans
 
Acquired  Loans
 
Total
 
Business  Activities Loans
 
Acquired  Loans
 
Total
Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$
382,014

 
$
47,792

 
$
429,806

 
$
327,792

 
$
25,220

 
$
353,012

Other commercial real estate
 
2,414,942

 
1,189,521

 
3,604,463

 
2,260,919

 
786,290

 
3,047,209

Total commercial real estate
 
2,796,956

 
1,237,313

 
4,034,269

 
2,588,711

 
811,510

 
3,400,221

 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial loans
 
1,442,617

 
397,891

 
1,840,508

 
1,513,538

 
466,508

 
1,980,046

 
 
 
 
 
 
 
 
 
 
 
 
 
Total commercial loans
 
4,239,573

 
1,635,204

 
5,874,777

 
4,102,249

 
1,278,018

 
5,380,267

 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
2,143,817

 
533,536

 
2,677,353

 
2,317,716

 
238,952

 
2,556,668

Construction
 
4,641

 
3,478

 
8,119

 
9,582

 
174

 
9,756

Total residential mortgages
 
2,148,458

 
537,014

 
2,685,472

 
2,327,298

 
239,126

 
2,566,424

 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
273,867

 
106,724

 
380,591

 
289,961

 
86,719

 
376,680

Auto and other
 
504,599

 
56,989

 
561,588

 
647,236

 
72,646

 
719,882

Total consumer loans
 
778,466

 
163,713

 
942,179

 
937,197

 
159,365

 
1,096,562

 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans
 
$
7,166,497

 
$
2,335,931

 
$
9,502,428

 
$
7,366,744

 
$
1,676,509

 
$
9,043,253


Schedule of Total Unamortized Net Costs and Premiums Included in the Total Loans for Historical Loans
Total unamortized net costs and premiums included in the year-end total loans for business activity loans were the following:
(In thousands)
 
December 31, 2019
 
December 31, 2018
Unamortized net loan origination costs
 
$
13,259

 
$
25,761

Unamortized net premium on purchased loans
 
2,643

 
2,792

Total unamortized net costs and premiums
 
$
15,902

 
$
28,553


Schedule of Activity in the Accretable Yield for the Acquired Loan Portfolio that Falls Under the Purview 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:
(In thousands)
 
2019
 
2018
 
2017
Balance at beginning of period
 
$
2,840

 
$
11,561

 
$
8,738

Accretion
 
(9,619
)
 
(23,109
)
 
(14,810
)
Additions
 
4,200

 

 
10,815

Net reclassification from nonaccretable difference
 
7,430

 
17,347

 
9,198

Payments received, net
 
(837
)
 
(2,878
)
 
(2,380
)
Reclassification to TDR
 
9

 

 

Disposals
 

 
(81
)
 

Balance at end of period
 
$
4,023

 
$
2,840

 
$
11,561


Summary of Past Due Loans
The following is a summary of past due loans at December 31, 2019 and 2018:

Business Activities Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days Past Due
 
Total Past
Due
 
Current
 
Total Loans
 
Past Due >
90 days and
Accruing
December 31, 2019
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$

 
$

 
$

 
$

 
$
382,014

 
$
382,014

 
$

Commercial real estate
 
423

 
89

 
15,623

 
16,135

 
2,398,807

 
2,414,942

 

Total
 
423

 
89

 
15,623

 
16,135

 
2,780,821

 
2,796,956

 

Commercial and industrial loans
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Total
 
2,841

 
2,033

 
10,662

 
15,536

 
1,427,081

 
1,442,617

 
122

Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
1,669

 
714

 
3,350

 
5,733

 
2,138,084

 
2,143,817

 
800

Construction
 

 

 

 

 
4,641

 
4,641

 

Total
 
1,669

 
714

 
3,350

 
5,733

 
2,142,725

 
2,148,458

 
800

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
149

 

 
1,147

 
1,296

 
272,571

 
273,867

 
52

Auto and other
 
4,709

 
990

 
2,729

 
8,428

 
496,171

 
504,599

 
1

Total
 
4,858

 
990

 
3,876

 
9,724

 
768,742

 
778,466

 
53

Total
 
$
9,791

 
$
3,826

 
$
33,511

 
$
47,128

 
$
7,119,369

 
$
7,166,497

 
$
975


Business Activities Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days 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

 
$

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

 
4,363

 
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 Past Due
 
Total Past
Due
 
Acquired
Credit
Impaired
 
Total Loans
 
Past Due >
90 days and
Accruing
December 31, 2019
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction
 
$

 
$

 
$

 
$

 
$
1,396

 
$
47,792

 
$

Commercial real estate
 
3,907

 
245

 
10,247

 
14,399

 
21,639

 
1,189,521

 
5,751

Total
 
3,907

 
245

 
10,247

 
14,399

 
23,035

 
1,237,313

 
5,751

Commercial and industrial loans
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Total
 
888

 
299

 
1,275

 
2,462

 
26,718

 
397,891

 
442

Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
745

 
491

 
932

 
2,168

 
10,840

 
533,536

 
139

Construction
 

 

 

 

 

 
3,478

 

Total
 
745

 
491

 
932

 
2,168

 
10,840

 
537,014

 
139

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
346

 
222

 
789

 
1,357

 
540

 
106,724

 
72

Auto and other
 
120

 
22

 
265

 
407

 
286

 
56,989

 

Total
 
466

 
244

 
1,054

 
1,764

 
826

 
163,713

 
72

Total
 
$
6,006

 
$
1,279

 
$
13,508

 
$
20,793

 
$
61,419

 
$
2,335,931

 
$
6,404


Acquired Loans
(in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
>90 Days 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

 
$

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 year-end 2019 and 2018:
 
 
December 31, 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
 
15,623

 
4,496

 
20,119

 
17,840

 
2,531

 
20,371

Total
 
15,623

 
4,496

 
20,119

 
17,840

 
2,531

 
20,371

Commercial and industrial loans:
 
 

 
 

 
 

 
 

 
 

Total
 
10,540

 
833

 
11,373

 
4,632

 
1,371

 
6,003

 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages:
 
 

 
 

 
 

 
 

 
 

 
 

1-4 family
 
2,550

 
793

 
3,343

 
1,374

 
843

 
2,217

Construction
 

 

 

 

 

 

Total
 
2,550

 
793

 
3,343

 
1,374

 
843

 
2,217

Consumer loans:
 
 

 
 

 
 

 
 

 
 

 
 

Home equity
 
1,095

 
717

 
1,812

 
933

 
751

 
1,684

Auto and other
 
2,728

 
265

 
2,993

 
1,699

 
451

 
2,150

Total
 
3,823

 
982

 
4,805

 
2,632

 
1,202

 
3,834

Total non-accrual loans
 
$
32,536

 
$
7,104

 
$
39,640

 
$
26,478

 
$
5,947

 
$
32,425



Schedule of Loans Evaluated for Impairment
Loans evaluated for impairment as of December 31, 2019 and 2018 were as follows:

Business Activities Loans
(In thousands)
2019
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
19,192

 
$
9,167

 
$
3,019

 
$
630

 
$
32,008

Collectively evaluated
 
2,777,764

 
1,433,450

 
2,145,439

 
777,836

 
7,134,489

Total
 
$
2,796,956

 
$
1,442,617

 
$
2,148,458

 
$
778,466

 
$
7,166,497


Business Activities Loans
(In thousands)
2018
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
23,345

 
$
2,825

 
$
2,089

 
$
342

 
$
28,601

Collectively evaluated
 
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)
2019
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
Loans receivable:
 
 

 
 

 
 

 
 

 
 

Balance at end of year
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
4,241

 
$
464

 
$
372

 
$
575

 
$
5,652

Purchased credit-impaired loans
 
23,035

 
26,718

 
10,840

 
826

 
61,419

Collectively evaluated
 
1,210,037

 
370,709

 
525,802

 
162,312

 
2,268,860

Total
 
$
1,237,313

 
$
397,891

 
$
537,014

 
$
163,713

 
$
2,335,931


Acquired Loans
(In thousands)
2018
 
 Commercial
real estate
 
 Commercial
and industrial
 
 Residential
mortgages
 
Consumer
 
Total
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
 
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 year-end 2019 and 2018 and for the years then ended:

Business Activities Loans
 
 
At December 31, 2019
(In thousands)
 
Recorded Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Other commercial real estate
 
$
18,676

 
$
37,493

 
$

Other commercial and industrial loans
 
4,805

 
10,104

 

Residential mortgages - 1-4 family
 
433

 
699

 

Consumer - home equity
 
32

 
238

 

With an allowance recorded:
 
 

 
 

 
 

Other commercial real estate
 
$
550

 
$
1,411

 
$
20

Other commercial and industrial loans
 
4,166

 
12,136

 
122

Residential mortgages - 1-4 family
 
2,615

 
2,924

 
109

Consumer - home equity
 
594

 
614

 
42

Consumer - other
 
8

 
8

 
1

 
 
 
 
 
 
 
Total
 
 

 
 

 
 

Commercial real estate
 
$
19,226

 
$
38,904

 
$
20

Commercial and industrial
 
8,971

 
22,240

 
122

Residential mortgages
 
3,048

 
3,623

 
109

Consumer
 
634

 
860

 
43

Total impaired loans
 
$
31,879

 
$
65,627

 
$
294

(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 Sheets.

(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.
Business Activities Loans
 
 
At December 31, 2018
(In thousands)
 
Recorded Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Other commercial real estate
 
$
22,606

 
$
31,038

 
$

Other commercial and industrial loans
 
1,584

 
2,566

 

Residential mortgages - 1-4 family
 
443

 
441

 

Consumer - home equity
 
230

 
242

 

With an allowance recorded:
 
 

 
 

 
 

  Other commercial real estate
 
$
666

 
$
670

 
$
9

Other 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
 
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. These amounts are components of total loans and other assets on the Consolidated Balance Sheets.

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

Acquired Loans
 
 
At December 31, 2019
(In thousands)
 
Recorded  Investment (1)
 
Unpaid Principal
Balance (2)
 
Related Allowance
With no related allowance:
 
 

 
 

 
 

Other commercial real estate loans
 
$
3,200

 
$
6,021

 
$

Other commercial and industrial loans
 
437

 
532

 

Residential mortgages - 1-4 family
 
292

 
293

 

Consumer - home equity
 
416

 
844

 

Consumer - other
 

 

 

 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

Other commercial real estate loans
 
$
1,033

 
$
1,050

 
$
97

Other commercial and industrial loans
 
28

 
30

 
1

Residential mortgages - 1-4 family
 
84

 
110

 
8

Consumer - home equity
 
121

 
123

 
6

Consumer - other
 
39

 
37

 
6

 
 
 
 
 
 
 
Total
 
 

 
 

 
 

Commercial real estate
 
$
4,233

 
$
7,071

 
$
97

Commercial and industrial
 
465

 
562

 
1

Residential mortgages
 
376

 
403

 
8

Consumer
 
576

 
1,004

 
12

Total impaired loans
 
$
5,650

 
$
9,040

 
$
118

(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 Sheets.

(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

Other 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
 
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. These amounts are components of total loans and other assets on the Consolidated Balance Sheets.

(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 December 31, 2019, 2018, and 2017:
 
Business Activities Loans
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
(in thousands)
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
With no related allowance:
 
 

 
 

 
 

 
 

 
 
 
 
Other commercial real estate
 
$
19,805

 
$
586

 
$
24,078

 
$
373

 
$
21,208

 
$
1,337

Other commercial and industrial
 
3,165

 
523

 
914

 
245

 
4,437

 
265

Residential mortgages - 1-4 family
 
185

 
17

 
428

 
20

 
1,128

 
31

Consumer-home equity
 
148

 
3

 
107

 
10

 
1,291

 
30

Consumer-other
 

 

 

 

 
72

 
3

 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 

 
 
 
 
Other commercial real estate
 
$
374

 
$
107

 
$
555

 
$
30

 
$
11,541

 
$
532

Other commercial and industrial
 
2,533

 
793

 
1,259

 
139

 
3,251

 
267

Residential mortgages - 1-4 family
 
2,427

 
150

 
1,407

 
75

 
1,289

 
59

Consumer-home equity
 
349

 
32

 
98

 
6

 
1,007

 
29

Consumer - other
 
11

 
1

 
15

 
1

 
4

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate
 
$
20,179

 
$
693

 
$
24,633

 
$
403

 
$
32,790

 
$
1,872

Commercial and industrial
 
5,698

 
1,316

 
2,173

 
384

 
7,688

 
532

Residential mortgages
 
2,612

 
167

 
1,835

 
95

 
2,417

 
90

Consumer loans
 
508

 
36

 
220

 
17

 
2,374

 
63

Total impaired loans
 
$
28,997

 
$
2,212

 
$
28,861

 
$
899

 
$
45,269

 
$
2,557

 
Acquired Loans
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
(in thousands)
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
 
Average  Recorded
Investment
 
Cash Basis  Interest
Income  Recognized
With no related allowance:
 
 

 
 

 
 

 
 

 
 
 
 
Other commercial real estate
 
$
1,603

 
$
117

 
$
3,280

 
$
263

 
$
829

 
$
321

Other commercial and industrial
 
441

 
51

 
428

 
68

 
581

 
43

Residential mortgages - 1-4 family
 
241

 
11

 
290

 
9

 
390

 
28

Consumer - home equity
 
475

 
23

 
635

 
4

 
773

 
22

Consumer - other
 

 

 
13

 
1

 
7

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 

 
 
 
 
Other commercial real estate
 
$
1,005

 
$
59

 
$
950

 
$
53

 
$
2,622

 
$
138

Other commercial and industrial
 
29

 
2

 
197

 
41

 
47

 
13

Residential mortgages - 1-4 family
 
88

 
7

 
26

 
9

 
173

 
9

Consumer - home equity
 
68

 
6

 
89

 
12

 
400

 
21

Consumer - other
 
41

 
2

 
11

 
3

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 
 
 
Commercial real estate
 
$
2,608

 
$
176

 
$
4,230

 
$
316

 
$
3,451

 
$
459

Commercial and industrial
 
470

 
53

 
625

 
109

 
628

 
56

Residential mortgages
 
329

 
18

 
316

 
18

 
563

 
37

Consumer loans
 
584

 
31

 
748

 
20

 
1,180

 
44

Total impaired loans
 
$
3,991

 
$
278

 
$
5,919

 
$
463

 
$
5,822

 
$
596


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 for modified loans identified during the years-ended December 31, 2019, 2018, and 2017 respectively. The tables include 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 years-ended December 31, 2019, 2018, and 2017 were attributable to interest rate concessions, maturity date extensions, modified payment terms, reamortization, and accelerated maturity.
 
 
Modifications by Class
For the twelve months ending December 31, 2019
 
 
Number of
Modifications
 
Pre-Modification
Outstanding Recorded
Investment (In thousands)
 
Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings
 
 

 
 

 
 

Other commercial real estate
 
3

 
$
420

 
$
420

  Other commercial and industrial loans
 
6

 
1,434

 
1,434

Residential mortgages - 1-4 family
 
2

 
98

 
98

  Consumer - home equity
 
2

 
111

 
111

 
 
13

 
$
2,063

 
$
2,063

 
 
Modifications by Class
For the twelve months ending December 31, 2018
 
 
Number of
Modifications
 
Pre-Modification
Outstanding Recorded
Investment (In thousands)
 
Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings
 
 

 
 

 
 

Other commercial real estate
 
5

 
$
2,061

 
$
2,061

  Other commercial and industrial loans
 
1

 
43

 
43

  Residential mortgages - 1-4 family
 
4

 
581

 
581

  Consumer - home equity
 

 

 

 
 
10

 
$
2,685

 
$
2,685

 
 
Modifications by Class
For the twelve months ending December 31, 2017
 
 
Number of
Modifications
 
Pre-Modification
Outstanding Recorded
Investment (In thousands)
 
Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings
 
 

 
 

 
 

Other commercial real estate
 
16

 
$
13,680

 
$
11,953

  Other commercial and industrial loans
 
12

 
3,507

 
3,507

  Residential mortgages - 1-4 family
 
4

 
331

 
314

Consumer - home equity
 
3

 
122

 
122

 
 
35

 
$
17,640

 
$
15,896


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. For the year ended 2019, there was one loan that was restructured that had subsequently defaulted during the period. For the period ended 2018, there were no loans that were restructured that had subsequently defaulted during the period. For the year ended 2017, there were three loans that were restructured that had subsequently defaulted during the period.
 
 
Modifications that subsequently defaulted
for the twelve months ending December 31, 2019
 
 
Number of Contracts
 
Recorded Investment
Troubled Debt Restructurings
 
 

 
 

  Other commercial and industrial loans
 
1

 
$
195

 
 
1

 
$
195


 
 
Modifications that subsequently defaulted
for the twelve months ending December 31, 2017
 
 
Number of Contracts
 
Recorded Investment
Troubled Debt Restructurings
 
 

 
 

Other commercial real estate
 
1

 
$
113

  Other commercial and industrial loans
 
2

 
492

  Residential mortgages - 1-4 family
 

 

 
 
3

 
$
605


Schedule of TDR Activity
The following table presents the Company’s TDR activity in 2019 and 2018:
(In thousands)
 
2019
 
2018
 
2017
Balance at beginning of year
 
$
27,415

 
$
41,990

 
$
33,829

Principal payments
 
(6,086
)
 
(8,547
)
 
(3,213
)
TDR status change (1)
 

 

 

Other reductions (2)
 
(4,076
)
 
(8,713
)
 
(4,522
)
Newly identified TDRs
 
2,063

 
2,685

 
15,896

Balance at end of year
 
$
19,316

 
$
27,415

 
$
41,990

________________________________ 
(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, charge-offs to loans, and other loan sale payoffs.