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Loans and Loans Held for Sale (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of Composition of Loans

The following table presents loans as of the dates presented:

(dollars in thousands)			September 30, 2020						December 31, 2019
Commercial
Commercial real estate			$	3,290,138					$	3,416,518
Commercial and industrial			2,042,467						1,720,833
Commercial construction			477,429						375,445
Total Commercial Loans			5,810,034						5,512,796
Consumer
Residential mortgage			950,887						998,585
Home Equity			537,869						538,348
Installment and other consumer			80,735						79,033
Consumer construction			15,343						8,390
Total Consumer Loans			1,584,834						1,624,356
Total Portfolio Loans			7,394,868						7,137,152
Loans held for sale			16,724						5,256
Total Loans(1)			$	7,411,592					$	7,142,408

(1) Excludes interest receivable of $28.0 million at September 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:

			September 30, 2020
(dollars in thousands)			Performing TDRs						Nonperforming TDRs						Total TDRs
Commercial real estate			$	19					$	14,504					$	14,523
Commercial and industrial			7,322						1,549						8,871
Commercial construction			3,986						—						3,986
Business banking			1,539						441						1,980
Consumer real estate			5,606						2,154						7,760
Other consumer			6						—						6
Total(1)			$	18,478					$	18,648					$	37,126

(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 nine months ended September 30, 2020:

			Three Months Ended September 30, 2020																								Nine Months Ended September 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						—
Maturity date extension and payment delay			1						333						171						(162)						1						333						171						(162)
Total Commercial Real Estate			1						333						171						(162)						2						2,543						2,381						(162)
Commercial and Industrial
Principal deferral and maturity date extension			—						—						—						—						1						2,467						1,263						(1,205)
Maturity date extension and interest rate reduction			1						3,735						3,735						—						1						3,735						3,735						—
Below market interest rate and payment delay			1						287						287						—						2						362						361						(1)
Payment deferral resulting in payment delay			—						—						—						—						1						93						23						(70)
Total Commercial and Industrial			2						4,022						4,022						—						5						6,657						5,381						(1,276)
Commercial Construction
Maturity date extension			—						—						—						—						3						2,593						2,561						(32)
Total Commercial Construction			—						—						—						—						3						2,593						2,561						(32)
Residential Mortgage
Consumer bankruptcy(2)			2						98						96						(2)						5						575						567						(8)
Maturity date extension and payment reduction			—						—						—						—						3						176						176						—
Total Residential Mortgage			2						98						96						(2)						8						751						743						(8)
Home Equity
Consumer bankruptcy(2)			7						206						239						33						14						456						485						29
Maturity date extension and payment delay			1						30						30						—						1						30						30						—
Total Home Equity			8			8			236						269						33						15						486						515						29
Installment and Other Consumer
Consumer bankruptcy(2)			1						4						4						—						1						4						4						—
Total Installment and Other Consumer			$	1					$	4					$	4					$	—					$	1					$	4					$	4					$	—
Totals by Concession Type
Principal deferral and maturity date extension			—						—						—						—						2						4,677						3,473						(1,204)
Maturity date extension and interest rate reduction			1						3,735						3,735						—						1						3,735						3,735						—
Payment deferral resulting in payment delay			—						—						—						—						1						93						23						(70)
Maturity date extension			—						—						—						—						3						2,593						2,561						(32)
Consumer bankruptcy(2)			10						308						339						31						20						1,035						1,056						21
Maturity date extension and payment delay			2						363						201						(162)						2						363						201						(162)
Below market interest rate and payment delay			1						287						287						—						2						362						361						(1)
Maturity date extension and payment reduction			—						—						—						—						3						176						176						—
Total(3)			14						$	4,693					$	4,562					$	(131)					34						$	13,034					$	11,586					$	(1,448)
(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 nine months ended September 30, 2019:

			Three Months Ended September 30, 2019																								Nine Months Ended September 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						1,298						(24)
Maturity date extension and interest rate reduction			—						—						—						—						1						151						147						(4)
Principal deferral			3						23,517						23,236						(281)						3						23,517						23,236						(281)
Principal forgiveness			—						—						—						—						1						4,690						4,518						(172)
Below market interest rate			2						569						548						(21)						2						569						548						(21)
Total Commercial Real Estate			5						24,086						23,784						(302)						8						30,249						29,747						(502)
Commercial and Industrial
Maturity date extension and interest rate reduction			—						—						—						—						1						4,751						4,333						(418)
Principal deferral			1						1,250						1,250						—						1						1,250						1,250						—
Principal deferral and maturity date extension			1						292						277						(15)						1						292						277						(15)
Total Commercial and Industrial			2						1,542						1,527						(15)						3						6,293						5,860						(433)
Residential Mortgage
Consumer bankruptcy(2)			—						—						—						—						3						165						160						(5)
Total Residential Mortgage			—						—						—						—						3						165						160						(5)
Home Equity
Consumer bankruptcy(2)			14						504						485						(19)						27						801						746						(55)
Interest rate reduction			—						—						—						—						2						190						189						(1)
Total Home Equity			14						504						485						(19)						29						991						935						(56)
Installment and Other Consumer
Consumer bankruptcy(2)			1						4						4						—						3						13						10						(3)
Total Installment and Other Consumer			$	1					$	4					$	4					$	—					$	3					$	13					$	10					$	(3)
Totals by Concession Type
Maturity date extension			—						—						—						—						1						1,322						1,298						(24)
Maturity date extension and interest rate reduction			—						—						—						—						2						4,902						4,480						(422)
Principal forgiveness			—						—						—						—						1						4,690						4,518						(172)
Consumer bankruptcy(2)			15						508						489						(19)						33						979						916						(63)
Interest rate reduction			—						—						—						—						2						190						189						(1)
Principal deferral			4						24,767						24,486						(281)						4						24,767						24,486						(281)
Principal deferral and maturity date extension			1						292						277						(15)						1						292						277						(15)
Below market interest rate			2						569						548						(21)						2						569						548						(21)
Total(3)			22						$	26,136					$	25,800					$	(336)					46						$	37,711					$	36,712					$	(999)

(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)			September 30, 2020									December 31, 2019
Nonperforming Assets
Nonaccrual loans						$	65,424								$	45,145
Nonaccrual TDRs						18,648									8,912
Total Nonaccrual Loans						84,072									54,057
OREO						2,317									3,525
Total Nonperforming Assets						$	86,389								$	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:

																											September 30, 2020
			September 30, 2020																								For the three months ended						For the nine 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					$	47,095					$26,996						$	—					$8						$19
Commercial and industrial			10,911						5,686						967						386						31						52
Commercial construction			737						1,504						1,218						—						—						—
Business banking			9,863						18,081						5,197						—						59						163
Consumer real estate			6,063						9,810						398						134						90						262
Other consumer			1,127						1,896						—						—						1						4
Total			$	54,057					$	84,072					$34,776						$	520					$189						$500

(1) Represents only cash payments received and applied to interest on nonaccrual loans.

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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.

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