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v3.21.2

Loans and Loans Held for Sale (Tables) | 6 Months Ended
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Jun. 30, 2021
Receivables [Abstract] |
Schedule of Composition of Loans | The following table presents loans as of the dates presented:
(dollars in thousands) | June 30, 2021 |  | December 31, 2020
Commercial |  |  |
Commercial real estate | $ | 3,246,533 |  |  | $ | 3,244,974 |
Commercial and industrial | 1,774,358 |  |  | 1,954,453 |
Commercial construction | 478,153 |  |  | 474,280 |
Total Commercial Loans | 5,499,044 |  |  | 5,673,707 |
Consumer |  |  |
Consumer real estate | 1,420,097 |  |  | 1,471,238 |
Other consumer | 88,210 |  |  | 80,915 |
Total Consumer Loans | 1,508,307 |  |  | 1,552,153 |
Total Portfolio Loans | 7,007,351 |  |  | 7,225,860 |
Loans held for sale | 7,648 |  |  | 18,528 |
Total Loans (1) | $ | 7,014,999 |  |  | $ | 7,244,388 |
(1) Excludes interest receivable of $21.0 million at June 30, 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:
| June 30, 2021 |  | December 31, 2020
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs |  | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 4 |  |  | $ | 6,415 |  |  | $ | 6,418 |  |  | $ | 14 |  |  | $ | 16,654 |  |  | $ | 16,668 |
Commercial and industrial | 3,579 |  |  | 11,183 |  |  | 14,763 |  |  | 7,090 |  |  | 9,885 |  |  | 16,975 |
Commercial construction | 3,222 |  |  | — |  |  | 3,222 |  |  | 3,267 |  |  | — |  |  | 3,267 |
Business banking | 1,439 |  |  | 1,508 |  |  | 2,947 |  |  | 1,503 |  |  | 430 |  |  | 1,933 |
Consumer real estate | 6,073 |  |  | 1,544 |  |  | 7,617 |  |  | 5,581 |  |  | 2,319 |  |  | 7,900 |
Other consumer | 4 |  |  | — |  |  | 4 |  |  | 5 |  |  | — |  |  | 5 |
Total | $ | 14,321 |  |  | $ | 20,650 |  |  | $ | 34,971 |  |  | $ | 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 June 30, 2021
| Number of Contracts | Type of Modification | Total Post-Modification Outstanding Recorded Investment(2) | Total Pre-Modification Outstanding Recorded Investment(2)
(dollars in thousands) | Bankruptcy(1) | Forbearance | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | 4 |  | — |  | — |  | 1,130 |  | — |  | — |  | 1,130 |  | 1,130 |
Consumer real estate | 4 |  | 247 |  | — |  | — |  | — |  | — |  | 247 |  | 254 |
Other consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 8 |  | $ | 247 |  | $ | — |  | $ | 1,130 |  | $ | — |  | $ | — |  | $ | 1,377 |  | $ | 1,384 |
(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 June 30, 2020
| Number of Contracts | Type of Modification | Total Post-Modification Outstanding Recorded Investment(2) | Total Pre-Modification Outstanding Recorded Investment(2)
(dollars in thousands) | Bankruptcy(1) | Forbearance | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | 1 |  | — |  | — |  | — |  | — |  | 75 |  | 75 |  | 75 |
Commercial construction | 2 |  | — |  | — |  | 701 |  | — |  | — |  | 701 |  | 701 |
Business banking | 1 |  | — |  | — |  | — |  | — |  | 27 |  | 27 |  | 93 |
Consumer real estate | 7 |  | 350 |  | — |  | 150 |  | — |  | — |  | 500 |  | 500 |
Other consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 11 |  | $ | 350 |  | $ | — |  | $ | 851 |  | $ | — |  | $ | 102 |  | $ | 1,303 |  | $ | 1,369 |
(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.
| Six Months Ended June 30, 2021
| Number of Contracts | Type of Modification | Total Post-Modification Outstanding Recorded Investment(2) | Total Pre-Modification Outstanding Recorded Investment(2)
(dollars in thousands) | Bankruptcy(1) | Forbearance | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | 2 |  | — |  | — |  | 796 |  | 5,433 |  | — |  | 6,229 |  | 6,304 |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | 5 |  | — |  | 80 |  | 1,130 |  | — |  | — |  | 1,210 |  | 1,210 |
Consumer real estate | 13 |  | 573 |  | — |  | — |  | — |  | 147 |  | 720 |  | 739 |
Other consumer | 1 |  | — |  | — |  | — |  | — |  | — |  | — |  | 1 |
Total | 21 |  | $ | 573 |  | $ | 80 |  | $ | 1,926 |  | $ | 5,433 |  | $ | 147 |  | $ | 8,159 |  | $ | 8,254 |
(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.
| Six Months Ended June 30, 2020
| Number of Contracts | Type of Modification | Total Post-Modification Outstanding Recorded Investment(2) | Total Pre-Modification Outstanding Recorded Investment(2)
(dollars in thousands) | Bankruptcy(1) | Forbearance | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | 1 |  | $ | — |  | $ | — |  | $ | 2,210 |  | $ | — |  | $ | — |  | $ | 2,210 |  | $ | 2,210 |
Commercial industrial | 2 |  | — |  | — |  | 2,068 |  | — |  | 75 |  | 2,143 |  | 2,542 |
Commercial construction | 3 |  | — |  | — |  | 2,572 |  | — |  | — |  | 2,572 |  | 2,592 |
Business banking | 1 |  | — |  | — |  | — |  | — |  | 27 |  | 27 |  | 93 |
Consumer real estate | 13 |  | 723 |  | — |  | 177 |  | — |  | — |  | 900 |  | 912 |
Other consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 20 |  | $ | 723 |  | $ | — |  | $ | 7,027 |  | $ | — |  | $ | 102 |  | $ | 7,852 |  | $ | 8,349 |
(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) | June 30, 2021 |  | December 31, 2020
Nonperforming Assets |  |  |  |  |
Nonaccrual loans |  | $ | 91,969 |  |  |  | $ | 117,485 |
Nonaccrual TDRs |  | 20,650 |  |  |  | 29,289 |
Total Nonaccrual Loans |  | 112,619 |  |  |  | 146,774 |
OREO |  | 1,145 |  |  |  | 2,155 |
Total Nonperforming Assets |  | $ | 113,764 |  |  |  | $ | 148,929 |
The following table presents loans on nonaccrual status by class of loan:
|  |  |  |  |  |  |  |  | June 30, 2021
| June 30, 2021 |  | For the three and six months ended
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual |  | Nonaccrual With No Related Allowance |  |  |  | Interest Income Recognized on Nonaccrual(1) |  | Interest Income Recognized on Nonaccrual(1)
Commercial real estate | $ | 101,070 |  |  | $ | 80,067 |  |  | $ | 47,648 |  |  |  |  | $ | 5 |  |  | $ | 66 |
Commercial and industrial | 16,985 |  |  | 12,198 |  |  | 11,183 |  |  |  |  | 72 |  |  | 115 |
Commercial construction | 384 |  |  | 385 |  |  | — |  |  |  |  | — |  |  | — |
Business banking | 17,122 |  |  | 11,064 |  |  | 1,508 |  |  |  |  | 139 |  |  | 275 |
Consumer real estate | 11,117 |  |  | 8,783 |  |  | — |  |  |  |  | 210 |  |  | 319 |
Other consumer | 96 |  |  | 121 |  |  | — |  |  |  |  | — |  |  | 1 |
Total | $ | 146,774 |  |  | $ | 112,619 |  |  | $ | 60,340 |  |  |  |  | $ | 426 |  |  | $ | 776 |
(1) Represents only cash payments received and applied to interest on nonaccrual loans. .
|  |  |  |  |  |  |  |  | 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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