XML 44 R29.htm IDEA: XBRL DOCUMENT v3.20.2

Loans and Loans Held for Sale (Tables)

6 Months Ended

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.

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 the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: 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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919258-210447

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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