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v3.20.1

Loans and Loans Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2020
Receivables [Abstract] |
Schedule of Composition of Loans | The following table presents loans as of the dates presented:
(dollars in thousands) | March 31, 2020 |  | December 31, 2019
Commercial |  |  |
Commercial real estate | $ | 3,442,495 |  |  | $ | 3,416,518 |
Commercial and industrial | 1,781,402 |  |  | 1,720,833 |
Commercial construction | 396,518 |  |  | 375,445 |
Total Commercial Loans | 5,620,415 |  |  | 5,512,796 |
Consumer |  |  |
Residential mortgage | 988,816 |  |  | 998,585 |
Home Equity | 544,405 |  |  | 538,348 |
Installment and other consumer | 79,887 |  |  | 79,033 |
Consumer construction | 13,222 |  |  | 8,390 |
Total Consumer Loans | 1,626,330 |  |  | 1,624,356 |
Total Portfolio Loans | 7,246,745 |  |  | 7,137,152 |
Loans held for sale | 7,309 |  |  | 5,256 |
Total Loans(1) | $ | 7,254,054 |  |  | $ | 7,142,408 |
(1) Excludes interest receivable of $22.1 million at both March 31, 2020 and December 31, 2019. Interest receivable is included in other assets in the consolidated balance sheets.
Schedule of Restructured Loans for Periods Presented | The following tables summarize restructured loans as of the dates presented:
| March 31, 2020
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 30 |  |  | $ | 28,973 |  |  | $ | 29,003 |
Commercial and industrial | 4,566 |  |  | 4,665 |  |  | 9,231 |
Commercial construction | 3,316 |  |  | — |  |  | 3,316 |
Business banking | 1,524 |  |  | 352 |  |  | 1,876 |
Consumer real estate | 5,749 |  |  | 2,064 |  |  | 7,813 |
Other consumer | 4 |  |  | — |  |  | 4 |
Total(1) | $ | 15,189 |  |  | $ | 36,055 |  |  | $ | 51,243 |
(1) Refer to Note 1, Basis of Presentation for details of reclassification of our portfolio segments related to the adoption of ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
| December 31, 2019
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 22,233 |  |  | $ | 6,713 |  |  | $ | 28,946 |
Commercial and industrial | 6,909 |  |  | 695 |  |  | 7,604 |
Commercial construction | 1,425 |  |  | — |  |  | 1,425 |
Residential mortgage | 2,013 |  |  | 822 |  |  | 2,835 |
Home equity | 4,371 |  |  | 678 |  |  | 5,049 |
Installment and other consumer | 9 |  |  | 4 |  |  | 13 |
Total | $ | 36,960 |  |  | $ | 8,912 |  |  | $ | 45,872 |
The following tables present the restructured loans by portfolio segment and by type of concession for the three months ended March 31, 2020 and 2019:
| Three Months Ended March 31, 2020
(dollars in thousands) | Number of Loans |  | Pre-Modification Outstanding Recorded Investment(1) |  | Post-Modification Outstanding Recorded Investment(1) |  | Total Difference in Recorded Investment
Totals by Loan Segment |  |  |  |  |  |  |
Commercial Real Estate |  |  |  |  |  |  |
Principal deferral and maturity date extension | 1 |  |  | $ | 2,210 |  |  | $ | 2,210 |  |  | $ | — |
Total Commercial Real Estate | 1 |  |  | 2,210 |  |  | 2,210 |  |  | — |
Commercial and Industrial |  |  |  |  |  |  |
Principal deferral and maturity date extension | 5 |  |  | 3,780 |  |  | 3,780 |  |  | — |
Total Commercial and Industrial | 5 |  |  | 3,780 |  |  | 3,780 |  |  | — |
Commercial Construction |  |  | — |  |  |  |  |
Maturity date extension | 1 |  |  | 1,891 |  |  | 1,891 |  |  | — |
Total Commercial Construction | 1 |  |  | 1,891 |  |  | 1,891 |  |  | — |
Consumer Real Estate |  |  |  |  |  |  |
Consumer bankruptcy(2) | 6 |  |  | 388 |  |  | 388 |  |  | — |
Maturity date extension and reduction in payment | 1 |  |  | 27 |  |  | 27 |  |  | — |
Total Consumer Real Estate | 7 |  |  | 415 |  |  | 415 |  |  | — |
Totals by Concession Type |  |  |  |  |  |  |
Principal deferral and maturity date extension | 6 |  |  | 5,991 |  |  | 5,991 |  |  | — |
Maturity date extension | 1 |  |  | 1,891 |  |  | 1,891 |  |  | — |
Consumer bankruptcy(2) | 6 |  |  | 388 |  |  | 388 |  |  | — |
Maturity date extension and payment reduction | 1 |  |  | 27 |  |  | 27 |  |  | — |
Total(3) | 14 |  |  | $ | 8,297 |  |  | $ | 8,297 |  |  | $ | — |
(1) Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end. (2) Consumer bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed. (3) Refer to Note 1, Basis of Presentation for details of reclassification of our portfolio segments related to the adoption of ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
| Three Months Ended March 31, 2019
(dollars in thousands) | Number of Loans |  | Pre-Modification Outstanding Recorded Investment(1) |  | Post-Modification Outstanding Recorded Investment(1) |  | Total Difference in Recorded Investment
Totals by Loan Segment |  |  |  |  |  |  |
Commercial and Industrial |  |  |  |  |  |  |
Maturity date extension and interest rate reduction | 1 |  |  | $ | 5,201 |  |  | $ | 5,201 |  |  | $ | — |
Principal deferral and maturity date extension | — |  |  | — |  |  | — |  |  | — |
Total Commercial and Industrial | 1 |  |  | 5,201 |  |  | 5,201 |  |  | — |
Residential Mortgage |  |  |  |  |  |  |
Consumer bankruptcy(2) | 1 |  |  | 49 |  |  | 49 |  |  | — |
Total Residential Mortgage | 1 |  |  | 49 |  |  | 49 |  |  | — |
Home Equity |  |  |  |  |  |  |
Consumer bankruptcy(2) | 7 |  |  | 191 |  |  | 168 |  |  | (23 | )
Interest rate reduction | 1 |  |  | 81 |  |  | 81 |  |  | — |
Maturity date extension and reduction in payment | — |  |  | — |  |  | — |  |  | — |
Total Home Equity | 8 |  |  | 272 |  |  | 249 |  |  | (23 | )
Totals by Concession Type |  |  |  |  |  |  |
Maturity date extension and interest rate reduction | 1 |  |  | 5,201 |  |  | 5,201 |  |  | — |
Consumer bankruptcy(2) | 8 |  |  | 240 |  |  | 217 |  |  | (23 | )
Interest rate reduction | 1 |  |  | 81 |  |  | 81 |  |  | — |
Total | 10 |  |  | $ | 5,522 |  |  | $ | 5,499 |  |  | $ | (23 | )
(1) Excludes loans that were fully paid-off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end. (2) Consumer bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
Schedule of Summary of Nonperforming Assets | The following table is a summary of nonperforming assets as of the dates presented:
| Nonperforming Assets
(dollars in thousands) | March 31, 2020 |  |  | December 31, 2019 |
Nonperforming Assets |  |  |  |  |
Nonaccrual loans |  | $ | 37,744 |  |  |  | $ | 45,145 |
Nonaccrual TDRs |  | 36,055 |  |  |  | 8,912 |
Total Nonaccrual Loans |  | 73,799 |  |  |  | 54,057 |
OREO |  | 3,389 |  |  |  | 3,525 |
Total Nonperforming Assets |  | $ | 77,188 |  |  |  | $ | 57,582 |
The following table presents loans on nonaccrual status and loans past due 90 days or more and still accruing by class of loan:
| As or for the Three Months Ended March 31, 2020
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual |  | Nonaccrual With No Related Allowance |  | Past Due 90+ Days Still Accruing |  | Interest Income Recognized on Nonaccrual
Commercial real estate |  | $25,356 |  |  | $ | 46,533 |  |  |  | $39,454 |  |  | $ | 700 |  |  |  | $684 |
Commercial and industrial | 10,911 |  |  | 4,505 |  |  | 4,054 |  |  | 2,615 |  |  | 64 |
Commercial construction | 737 |  |  | 571 |  |  | 285 |  |  | 933 |  |  | — |
Business banking | 9,863 |  |  | 11,316 |  |  | 2,363 |  |  | 768 |  |  | 58 |
Consumer real estate | 6,063 |  |  | 10,616 |  |  | 398 |  |  | 83 |  |  | 47 |
Other consumer | 1,127 |  |  | 258 |  |  | — |  |  | 195 |  |  | 28 |
Total |  | $54,057 |  |  |  | $73,799 |  |  |  | $46,554 |  |  | $ | 5,294 |  |  |  | $881 |

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