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v3.21.1

Loans and Loans Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2021
Receivables [Abstract] |
Schedule of Composition of Loans | The following table presents loans as of the dates presented:
(dollars in thousands) | March 31, 2021 |  | December 31, 2020
Commercial |  |  |
Commercial real estate | $ | 3,284,555 |  |  | $ | 3,244,974 |
Commercial and industrial | 1,931,711 |  |  | 1,954,453 |
Commercial construction | 460,417 |  |  | 474,280 |
Total Commercial Loans | 5,676,683 |  |  | 5,673,707 |
Consumer |  |  |
Consumer real estate | 1,425,839 |  |  | 1,471,238 |
Other consumer | 80,646 |  |  | 80,915 |
Total Consumer Loans | 1,506,485 |  |  | 1,552,153 |
Total Portfolio Loans | 7,183,168 |  |  | 7,225,860 |
Loans held for sale | 12,794 |  |  | 18,528 |
Total Loans (1) | $ | 7,195,962 |  |  | $ | 7,244,388 |
(1) Excludes interest receivable of $23.4 million at March 31, 2021 and $24.7 million at December 31, 2020. 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, 2021
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 9 |  |  | $ | 15,754 |  |  | $ | 15,762 |
Commercial and industrial | 7,576 |  |  | 11,425 |  |  | 19,001 |
Commercial construction | 3,245 |  |  | — |  |  | 3,245 |
Business banking | 1,471 |  |  | 397 |  |  | 1,868 |
Consumer real estate | 5,611 |  |  | 2,407 |  |  | 8,018 |
Other consumer | 5 |  |  | — |  |  | 5 |
Total | $ | 17,916 |  |  | $ | 29,983 |  |  | $ | 47,899 |
| December 31, 2020
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 14 |  |  | $ | 16,654 |  |  | $ | 16,668 |
Commercial and industrial | 7,090 |  |  | 9,885 |  |  | 16,975 |
Commercial construction | 3,267 |  |  | — |  |  | 3,267 |
Business banking | 1,503 |  |  | 430 |  |  | 1,933 |
Consumer real estate | 5,581 |  |  | 2,319 |  |  | 7,900 |
Other consumer | 5 |  |  | — |  |  | 5 |
Total | $ | 17,460 |  |  | $ | 29,288 |  |  | $ | 46,748 |
The following tables present the restructured loans by portfolio segment and by type of concession for the periods presented:
| Three Months Ended March 31, 2021
| Number of Contracts | Type of Modification | Total Pre-Modification Outstanding Recorded Investment(2) | Total Post-Modification Outstanding Recorded Investment(2)
(dollars in thousands) | Bankruptcy(1) | Forbearance | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | 2 |  | — |  | — |  | 821 |  | — |  | 5,475 |  | 6,304 |  | 6,296 |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Consumer real estate | 11 |  | 340 |  | 80 |  | — |  | — |  | 148 |  | 609 |  | 568 |
Other consumer | 1 |  | 1 |  | — |  | — |  | — |  | — |  | 1 |  | 1 |
Total(2) | 14 |  | $ | 341 |  | $ | 80 |  | $ | 821 |  | $ | — |  | $ | 5,623 |  | $ | 6,914 |  | $ | 6,865 |
(1) Bankruptcy is consumer bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed. (2) 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.
| Three Months Ended March 31, 2020
| Number of Contracts | Type of Modification | Total Pre-Modification Outstanding Recorded Investment(2) | Total Post-Modification Outstanding Recorded Investment(2)
(dollars in thousands) | Bankruptcy(1) | Forbearance | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial construction | 1 |  | — |  | — |  | 1,891 |  | — |  | — |  | 1,891 |  | 1,806 |
Business banking | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Consumer real estate | 5 |  | 78 |  | — |  | — |  | — |  | 27 |  | 105 |  | 91 |
Other consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total(2) | 6 |  | $ | 78 |  | $ | — |  | $ | 1,891 |  | $ | — |  | $ | 27 |  | $ | 1,996 |  | $ | 1,897 |
(1) Bankruptcy is consumer bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed. (2) 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.
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, 2021 |  | December 31, 2020
Nonperforming Assets |  |  |  |  |
Nonaccrual loans |  | $ | 102,430 |  |  |  | $ | 117,485 |
Nonaccrual TDRs |  | 29,983 |  |  |  | 29,289 |
Total Nonaccrual Loans(1) |  | 132,413 |  |  |  | 146,774 |
OREO |  | 1,620 |  |  |  | 2,155 |
Total Nonperforming Assets |  | $ | 134,033 |  |  |  | $ | 148,929 |
(1)In addition to nonperforming loans of $132.4 million, we have a $2.8 million commercial and industrial held for sale loan that is nonperforming resulting in total nonperforming loans of $135.2 million.
The following table presents loans on nonaccrual status by class of loan:
|  |  |  |  |  |  |  |  | March 31, 2021
| March 31, 2021 |  | For the three 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) |  |
Commercial real estate | $ | 101,070 |  |  | $ | 95,074 |  |  | $ | 52,460 |  |  | $ | — |  |  | $ | 61 |  |  |
Commercial and industrial(2) | 16,985 |  |  | 12,416 |  |  | 11,425 |  |  | — |  |  | 43 |  |  |
Commercial construction | 384 |  |  | 384 |  |  | — |  |  | — |  |  | — |  |  |
Business banking | 17,122 |  |  | 14,426 |  |  | 397 |  |  | — |  |  | 137 |  |  |
Consumer real estate | 11,117 |  |  | 7,949 |  |  | 345 |  |  | — |  |  | 110 |  |  |
Other consumer | 96 |  |  | 2,163 |  |  | — |  |  | — |  |  | 1 |  |  |
Total | $ | 146,774 |  |  | $ | 132,413 |  |  | $ | 64,628 |  |  | $— |  |  | $ | 352 |  |  |
(1) Represents only cash payments received and applied to interest on nonaccrual loans. (2)In addition to nonperforming loans of $132.4 million, we have a $2.8 million commercial and industrial held for sale loan that is nonperforming resulting in total nonperforming loans of $135.2 million.
|  |  |  |  |  |  |  |  | December 31, 2020 |  |
| December 31, 2020 |  | For the twelve 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) |  |
Commercial real estate | $ | 25,356 |  |  | $ | 101,070 |  |  | $ | 60,401 |  |  | $ | — |  |  | $ | 22 |  |  |
Commercial and industrial | 10,911 |  |  | 16,985 |  |  | 6,436 |  |  | — |  |  | 101 |  |  |
Commercial construction | 737 |  |  | 384 |  |  | 285 |  |  | — |  |  | — |  |  |
Business banking | 9,863 |  |  | 17,122 |  |  | 3,890 |  |  | 371 |  |  | 275 |  |  |
Consumer real estate | 6,063 |  |  | 11,117 |  |  | 398 |  |  | 132 |  |  | 423 |  |  |
Other consumer | 1,127 |  |  | 96 |  |  | — |  |  | — |  |  | 4 |  |  |
Total | $ | 54,057 |  |  | $ | 146,774 |  |  | $ | 71,410 |  |  | $ | 503 |  |  | $ | 826 |  |  |
(1) Represents only cash payments received and applied to interest on nonaccrual loans.

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