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Loans and Loans Held for Sale (Tables) | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Schedule of Composition of Loans | The following table presents loans as of the dates presented:
(dollars in thousands) | June 30, 2020 |  | December 31, 2019
Commercial |  |  |
Commercial real estate | $ | 3,345,513 |  |  | $ | 3,416,518 |
Commercial and industrial | 2,140,355 |  |  | 1,720,833 |
Commercial construction | 459,264 |  |  | 375,445 |
Total Commercial Loans | 5,945,132 |  |  | 5,512,796 |
Consumer |  |  |
Residential mortgage | 971,023 |  |  | 998,585 |
Home Equity | 539,519 |  |  | 538,348 |
Installment and other consumer | 79,816 |  |  | 79,033 |
Consumer construction | 13,068 |  |  | 8,390 |
Total Consumer Loans | 1,603,426 |  |  | 1,624,356 |
Total Portfolio Loans | 7,548,558 |  |  | 7,137,152 |
Loans held for sale | 14,259 |  |  | 5,256 |
Total Loans(1) | $ | 7,562,817 |  |  | $ | 7,142,408 |
(1) Excludes interest receivable of $25.4 million at June 30, 2020 and $22.1 million at 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:
| June 30, 2020 |  |  |  |
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 25 |  |  | $ | 27,100 |  |  | $ | 27,125 |
Commercial and industrial | 4,388 |  |  | 2,068 |  |  | 6,456 |
Commercial construction | 3,997 |  |  | — |  |  | 3,997 |
Business banking | 1,488 |  |  | 349 |  |  | 1,837 |
Consumer real estate | 5,635 |  |  | 2,238 |  |  | 7,873 |
Other consumer | 3 |  |  | — |  |  | 3 |
Total(1) | $ | 15,536 |  |  | $ | 31,755 |  |  | $ | 47,291 |
(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 and six months ended June 30, 2020:
| Three Months Ended June 30, 2020 |  |  |  |  |  |  |  | Six Months Ended June 30, 2020 |  |  |  |  |  |
(dollars in thousands) | Number of Loans |  | Pre-Modification Outstanding Recorded Investment(1) |  | Post-Modification Outstanding Recorded Investment(1) |  | Total Difference in Recorded Investment |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date extension and interest rate reduction | 1 |  |  | 75 |  |  | 75 |  |  | — |  |  | 1 |  |  | 75 |  |  | 75 |  |  | — |
Principal deferral and maturity date extension | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 2,467 |  |  | 2,068 |  |  | (399) |
Payment deferral resulting in payment delay | 1 |  |  | 93 |  |  | 27 |  | — |  | (66) |  |  | 1 |  |  | 93 |  |  | 27 |  |  | (66) |
Total Commercial and Industrial | 2 |  |  | 168 |  |  | 102 |  |  | (66) |  |  | 3 |  |  | 2,635 |  |  | 2,170 |  |  | (465) |
Commercial Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date extension | 2 |  |  | 701 |  |  | 701 |  |  | — |  |  | 3 |  |  | 2,592 |  |  | 2,572 |  |  | (20) |
Total Commercial Construction | 2 |  |  | 701 |  |  | 701 |  |  | — |  |  | 3 |  |  | 2,592 |  |  | 2,572 |  |  | (20) |
Residential Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer bankruptcy(2) | 1 |  |  | 160 |  |  | 160 |  |  | — |  |  | 1 |  |  | 160 |  |  | 160 |  |  | — |
Maturity date extension and payment reduction | 2 |  |  | 150 |  |  | 150 |  |  | — |  |  | 3 |  |  | 177 |  |  | 177 |  |  | — |
Total Residential Mortgage | 3 |  |  | 310 |  |  | 310 |  |  | — |  |  | 4 |  |  | 337 |  |  | 337 |  |  | — |
Home Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer bankruptcy(2) | 4 |  |  | 191 |  |  | 191 |  |  | — |  |  | 9 |  |  | 567 |  |  | 564 |  |  | (3) |
Total Home Equity | 4 |  |  | 191 |  |  | 191 |  |  | — |  |  | 9 |  |  | 567 |  |  | 564 |  |  | (3) |
Totals by Concession Type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal deferral and maturity date extension | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 4,677 |  |  | 4,278 |  |  | (399) |
Maturity date extension and interest rate reduction | 1 |  |  | 75 |  |  | 75 |  |  | — |  |  | 1 |  |  | 75 |  |  | 75 |  |  | — |
Payment deferral resulting in payment delay | 1 |  |  | 93 |  |  | 27 |  |  | (66) |  |  | 1 |  |  | 93 |  |  | 27 |  |  | (66) |
Maturity date extension | 2 |  |  | 701 |  |  | 701 |  |  | — |  |  | 3 |  |  | 2,592 |  |  | 2,572 |  |  | (20) |
Consumer bankruptcy(2) | 5 |  |  | 351 |  |  | 351 |  |  | — |  |  | 10 |  |  | 727 |  |  | 724 |  |  | (3) |
Maturity date extension and payment reduction | 2 |  |  | 150 |  |  | 150 |  |  | — |  |  | 3 |  |  | 177 |  |  | 177 |  |  | — |
Total(3) | 11 |  |  | $ | 1,370 |  |  | $ | 1,304 |  |  | $ | (66) |  |  | 20 |  |  | $ | 8,341 |  |  | $ | 7,853 |  |  | $ | (488) |
(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. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The following tables present the restructured loans by portfolio segment and by type of concession for the three and six months ended June 30, 2019:
| Three Months Ended June 30, 2019 |  |  |  |  |  |  |  | Six Months Ended June 30, 2019 |  |  |  |  |  |
(dollars in thousands) | Number of Loans |  | Pre-Modification Outstanding Recorded Investment(1) |  | Post-Modification Outstanding Recorded Investment(1) |  | Total Difference in Recorded Investment |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date extension | 1 |  |  | 1,322 |  |  | 1,311 |  |  | (11) |  |  | 1 |  |  | 1,322 |  |  | 1,311 |  |  | (11) |
Maturity date extension and interest rate reduction | 1 |  |  | 151 |  |  | 148 |  |  | (3) |  |  | 1 |  |  | 151 |  |  | 148 |  |  | (3) |
Principal forgiveness | 1 |  |  | 4,690 |  |  | 4,631 |  |  | (59) |  |  | 1 |  |  | 4,690 |  |  | 4,631 |  |  | (59) |
Total Commercial Real Estate | 3 |  |  | 6,163 |  |  | 6,090 |  |  | (73) |  |  | 3 |  |  | 6,163 |  |  | 6,090 |  |  | (73) |
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date extension and interest rate reduction | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 4,751 |  |  | 4,529 |  |  | (222) |
Total Commercial and Industrial | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 4,751 |  |  | 4,529 |  |  | (222) |
Commercial Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Commercial Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer bankruptcy(2) | 2 |  |  | 116 |  |  | 115 |  |  | (1) |  |  | 3 |  |  | 166 |  |  | 163 |  |  | (3) |
Total Residential Mortgage | 2 |  |  | 116 |  |  | 115 |  |  | (1) |  |  | 3 |  |  | 166 |  |  | 163 |  |  | (3) |
Home Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer bankruptcy(2) | 6 |  |  | 107 |  |  | 105 |  |  | (2) |  |  | 13 |  |  | 298 |  |  | 268 |  |  | (30) |
Interest rate reduction | 1 |  |  | 109 |  |  | 108 |  |  | (1) |  |  | 2 |  |  | 190 |  |  | 189 |  |  | (1) |
Total Home Equity | 7 |  |  | 216 |  |  | 213 |  |  | (3) |  |  | 15 |  |  | 488 |  |  | 457 |  |  | (31) |
Installment and Other Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer bankruptcy(2) | 2 |  |  | 9 |  |  | 9 |  |  | — |  |  | 3 |  |  | 9 |  |  | 9 |  |  | — |
Total Installment and Other Consumer | $ | 2 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |
Totals by Concession Type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date extension | 1 |  |  | 1,322 |  |  | 1,311 |  |  | (11) |  |  | 1 |  |  | 1,322 |  |  | 1,311 |  |  | (11) |
Maturity date extension and interest rate reduction | 1 |  |  | 151 |  |  | 148 |  |  | (3) |  |  | 2 |  |  | 4,902 |  |  | 4,677 |  |  | (225) |
Principal forgiveness | 1 |  |  | 4,690 |  |  | 4,631 |  |  | (59) |  |  | 1 |  |  | 4,690 |  |  | 4,631 |  |  | (59) |
Consumer bankruptcy(2) | 10 |  |  | 232 |  |  | 229 |  |  | (3) |  |  | 19 |  |  | 473 |  |  | 440 |  |  | (33) |
Interest rate reduction | 1 |  |  | 109 |  |  | 108 |  |  | (1) |  |  | 2 |  |  | 190 |  |  | 189 |  |  | (1) |
Total(3) | 14 |  |  | $ | 6,504 |  |  | $ | 6,427 |  |  | $ | (77) |  |  | 25 |  |  | $ | 11,577 |  |  | $ | 11,248 |  |  | $ | (329) |
(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.
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) | June 30, 2020 |  |  | December 31, 2019 |
Nonperforming Assets |  |  |  |  |
Nonaccrual loans |  | $ | 58,358 |  |  |  | $ | 45,145 |
Nonaccrual TDRs |  | 31,755 |  |  |  | 8,912 |
Total Nonaccrual Loans |  | 90,113 |  |  |  | 54,057 |
OREO |  | 2,740 |  |  |  | 3,525 |
Total Nonperforming Assets |  | $ | 92,853 |  |  |  | $ | 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:
|  |  |  |  |  |  |  |  | June 30, 2020 |  |
| June 30, 2020 |  |  |  |  |  |  |  | For the three months ended |  | For the six months ended
(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(1) |  | Interest Income Recognized on Nonaccrual(1)
Commercial real estate | $ | 25,356 |  |  | $ | 55,776 |  |  | $14,889 |  |  | $ | — |  |  | $3 |  |  | $12 |
Commercial and industrial | 10,911 |  |  | 2,626 |  |  | — |  |  | 1,506 |  |  | 9 |  |  | 23 |
Commercial construction | 737 |  |  | 1,504 |  |  | 1,218 |  |  | — |  |  | — |  |  | — |
Business banking | 9,863 |  |  | 16,475 |  |  | 3,002 |  |  | — |  |  | 57 |  |  | 104 |
Consumer real estate | 6,063 |  |  | 11,873 |  |  | 398 |  |  | 572 |  |  | 75 |  |  | 170 |
Other consumer | 1,127 |  |  | 1,859 |  |  | — |  |  | 122 |  |  | 1 |  |  | 3 |
Total | $ | 54,057 |  |  | $ | 90,113 |  |  | $19,507 |  |  | $ | 2,200 |  |  | $145 |  |  | $312 |
(1) Represents only cash payments received and applied to interest on nonaccrual loans.

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