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v3.21.2

Loans and Loans Held for Sale (Tables) | 9 Months Ended
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Sep. 30, 2021
Receivables [Abstract] |
Schedule of Composition of Loans | The following table presents loans as of the dates presented:
(dollars in thousands) | September 30, 2021 |  | December 31, 2020
Commercial |  |  |
Commercial real estate | $ | 3,225,863 |  |  | $ | 3,244,974 |
Commercial and industrial | 1,698,784 |  |  | 1,954,453 |
Commercial construction | 499,317 |  |  | 474,280 |
Total Commercial Loans | 5,423,964 |  |  | 5,673,707 |
Consumer |  |  |
Consumer real estate | 1,448,517 |  |  | 1,471,238 |
Other consumer | 97,606 |  |  | 80,915 |
Total Consumer Loans | 1,546,123 |  |  | 1,552,153 |
Total Portfolio Loans | 6,970,087 |  |  | 7,225,860 |
Loans held for sale | 4,303 |  |  | 18,528 |
Total Loans (1) | $ | 6,974,390 |  |  | $ | 7,244,388 |
(1) Excludes interest receivable of $19.1 million at September 30, 2021 and $24.7 million at December 31, 2020. Interest receivable is included in other assets in the consolidated balance sheets.
Summary of Restructured Loans for Periods Presented | The following tables summarize restructured loans as of the dates presented:
| September 30, 2021 |  | December 31, 2020
(dollars in thousands) | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs |  | Performing TDRs |  | Nonperforming TDRs |  | Total TDRs
Commercial real estate | $ | 4,252 |  |  | $ | 11,093 |  |  | $ | 15,345 |  |  | $ | 14 |  |  | $ | 16,654 |  |  | $ | 16,668 |
Commercial and industrial | 1,762 |  |  | — |  |  | 1,762 |  |  | 7,090 |  |  | 9,885 |  |  | 16,975 |
Commercial construction | — |  |  | — |  |  | — |  |  | 3,267 |  |  | — |  |  | 3,267 |
Business banking | 1,647 |  |  | 1,492 |  |  | 3,139 |  |  | 1,503 |  |  | 430 |  |  | 1,933 |
Consumer real estate | 6,120 |  |  | 1,448 |  |  | 7,569 |  |  | 5,581 |  |  | 2,319 |  |  | 7,900 |
Other consumer | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Total | $ | 13,782 |  |  | $ | 14,033 |  |  | $ | 27,815 |  |  | $ | 17,460 |  |  | $ | 29,289 |  |  | $ | 46,748 |
The following tables present the restructured loans by portfolio segment and by type of concession for the periods presented:
| Three Months Ended September 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) | Other | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | 2 |  | — |  | — |  | 341 |  | — |  | — |  | 341 |  | 342 |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Consumer real estate | 9 |  | 317 |  | — |  | 31 |  | — |  | — |  | 348 |  | 356 |
Other consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 11 |  | $ | 317 |  | $ | — |  | $ | 372 |  | $ | — |  | $ | — |  | $ | 689 |  | $ | 698 |
(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 September 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) | Other | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | 2 |  | — |  | — |  | 3,735 |  | — |  | 287 |  | 4,022 |  | 4,021 |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | 1 |  | — |  | — |  | 171 |  | — |  | — |  | 171 |  | 333 |
Consumer real estate | 10 |  | 334 |  | — |  | 30 |  | — |  | — |  | 364 |  | 334 |
Other consumer | 1 |  | 4 |  | — |  | — |  | — |  | — |  | 4 |  | 5 |
Total | 14 |  | $ | 338 |  | $ | — |  | $ | 3,936 |  | $ | — |  | $ | 287 |  | $ | 4,561 |  | $ | 4,693 |
(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.
| Nine Months Ended September 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) | Other | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial industrial | 2 |  | — |  | — |  | 772 |  | — |  | 5,196 |  | 5,968 |  | 6,304 |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | 7 |  | — |  | 80 |  | 1,420 |  | — |  | — |  | 1,500 |  | 1,551 |
Consumer real estate | 20 |  | 866 |  |  | 31 |  |  | 147 |  | 1,045 |  | 1,064 |
Other consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | 29 |  | $ | 866 |  | $ | 80 |  | $ | 2,223 |  | $ | — |  | $ | 5,343 |  | $ | 8,513 |  | $ | 8,919 |
(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.
| Nine Months Ended September 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) | Other | Extend Maturity | Modify Rate | Modify Payments
Commercial real estate | 1 |  | $ | — |  | $ | — |  | $ | 2,210 |  | $ | — |  | $ | — |  | $ | 2,210 |  | $ | 2,210 |
Commercial industrial | 3 |  | — |  | — |  | 4,997 |  | — |  | 287 |  | 5,284 |  | 6,489 |
Commercial construction | 3 |  | — |  | — |  | 2,561 |  | — |  | — |  | 2,561 |  | 2,592 |
Business banking | 3 |  | — |  | — |  | 171 |  | — |  | 97 |  | 268 |  | 501 |
Consumer real estate | 23 |  | 1,052 |  | — |  | 206 |  | — |  | — |  | 1,258 |  | 1,237 |
Other consumer | 1 |  | 4 |  | — |  | — |  | — |  | — |  | 4 |  | 5 |
Total | 34 |  | $ | 1,056 |  | $ | — |  | $ | 10,145 |  | $ | — |  | $ | 384 |  | $ | 11,585 |  | $ | 13,034 |
(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.
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, 2021 |  | December 31, 2020
Nonperforming Assets |  |  |  |  |
Nonaccrual loans |  | $ | 97,279 |  |  |  | $ | 117,485 |
Nonaccrual TDRs |  | 14,033 |  |  |  | 29,289 |
Total Nonaccrual Loans(1) |  | 111,312 |  |  |  | 146,774 |
OREO |  | 13,370 |  |  |  | 2,155 |
Total Nonperforming Assets |  | $ | 124,682 |  |  |  | $ | 148,929 |
(1) Included in nonperforming commercial loans is $1.7 million of loans held for sale.
The following table presents loans on nonaccrual status by class of loan:
|  |  |  |  |  |  |  |  | September 30, 2021
| September 30, 2021 |  | For the three and nine months ended
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual(2) |  | Nonaccrual With No Related Allowance |  |  |  | Interest Income Recognized on Nonaccrual(1) |  | Interest Income Recognized on Nonaccrual(1)
Commercial real estate | $ | 101,070 |  |  | $ | 54,797 |  |  | $ | 47,730 |  |  |  |  | $ | 493 |  |  | $ | 556 |
Commercial and industrial | 16,985 |  |  | 33,909 |  |  | 12,566 |  |  |  |  | 6 |  |  | 88 |
Commercial construction | 384 |  |  | 4,053 |  |  | 3,357 |  |  |  |  | — |  |  | — |
Business banking | 17,122 |  |  | 10,221 |  |  | 1,492 |  |  |  |  | 57 |  |  | 333 |
Consumer real estate | 11,117 |  |  | 8,143 |  |  | — |  |  |  |  | 86 |  |  | 405 |
Other consumer | 96 |  |  | 189 |  |  | — |  |  |  |  | — |  |  | 1 |
Total | $ | 146,774 |  |  | $ | 111,312 |  |  | $ | 65,145 |  |  |  |  | $ | 642 |  |  | $ | 1,383 |
(1) Represents only cash payments received and applied to interest on nonaccrual loans. (2) Included in nonperforming commercial loans is $1.7 million of loans held for sale. .
|  |  |  |  |  |  |  |  | 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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