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v3.22.2.2

Loans and Loans Held for Sale (Tables) | 9 Months Ended
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Sep. 30, 2022
Receivables [Abstract] |
Schedule of Composition of Loans | The following table summarizes the composition of originated and acquired loans as of the dates presented:
(dollars in thousands) | September 30, 2022 |  | December 31, 2021
Commercial |  |  |
Commercial real estate | $ | 3,134,841 |  |  | $ | 3,236,653 |
Commercial and industrial | 1,714,714 |  |  | 1,728,969 |
Commercial construction | 390,093 |  |  | 440,962 |
Total Commercial Loans | 5,239,648 |  |  | 5,406,584 |
Consumer |  |  |
Consumer real estate | 1,730,639 |  |  | 1,485,478 |
Other consumer | 126,629 |  |  | 107,928 |
Total Consumer Loans | 1,857,268 |  |  | 1,593,406 |
Total Portfolio Loans | 7,096,916 |  |  | 6,999,990 |
Loans held for sale | 1,039 |  |  | 1,522 |
Total Loans (1) | $ | 7,097,955 |  |  | $ | 7,001,512 |
(1) Excludes interest receivable of $23.2 million at September 30, 2022 compared to $18.7 million at December 31, 2021. Interest receivable is included in other assets in the Consolidated Balance Sheets.
Summary of Restructured Loans for Periods Presented | The following tables summarize TDRs as of the dates presented:
| September 30, 2022 |  | December 31, 2021
(dollars in thousands) | Accruing TDRs |  | Nonaccruing TDRs |  | Total TDRs |  | Accruing TDRs |  | Nonaccruing TDRs |  | Total TDRs
Commercial real estate | $ | — |  |  | $ | 480 |  |  | $ | 480 |  |  | $ | — |  |  | $ | 1,697 |  |  | $ | 1,697 |
Commercial and industrial | 658 |  |  | — |  |  | 658 |  |  | 748 |  |  | 14,889 |  |  | 15,637 |
Commercial construction | 1,674 |  |  | — |  |  | 1,674 |  |  | 2,190 |  |  | 2,087 |  |  | 4,277 |
Business banking | 607 |  |  | 1,092 |  |  | 1,699 |  |  | 858 |  |  | 1,696 |  |  | 2,554 |
Consumer real estate | 5,981 |  |  | 2,279 |  |  | 8,260 |  |  | 6,122 |  |  | 1,405 |  |  | 7,527 |
Other consumer | 5 |  |  | 9 |  |  | 14 |  |  | 3 |  |  | — |  |  | 3 |
Total | $ | 8,925 |  |  | $ | 3,860 |  |  | $ | 12,785 |  |  | $ | 9,921 |  |  | $ | 21,774 |  |  | $ | 31,695 |
The following tables present the TDRs by portfolio segment and type of concession for the periods presented:
| Three Months Ended September 30, 2022
| 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 | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Consumer real estate | 6 |  | 172 |  | — |  | — |  | — |  | — |  | 172 |  | 173 |
Other consumer | 1 |  | 9 |  | — |  | — |  | — |  | — |  | 9 |  | 12 |
Total | 7 |  | $ | 181 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 181 |  | $ | 185 |
(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, 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.
| Nine Months Ended September 30, 2022
| 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 | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business banking | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Consumer real estate | 21 |  | 1,204 |  | — |  | 862 |  | — |  | — |  | 2,066 |  | 2,530 |
Other consumer | 2 |  | 11 |  | — |  | — |  | — |  | — |  | 11 |  | 15 |
Total | 23 |  | $ | 1,215 |  | $ | — |  | $ | 862 |  | $ | — |  | $ | — |  | $ | 2,077 |  | $ | 2,545 |
(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(2,3) | Total Pre-Modification Outstanding Recorded Investment(2,3)
(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. (3) Excludes 42 loans totaling $58.9 million that were modified under the CARES Act.
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, 2022 |  | December 31, 2021
Nonperforming Assets |  |  |  |  |
Nonaccrual loans |  | $ | 18,917 |  |  |  | $ | 44,517 |
Nonaccrual TDRs |  | 3,860 |  |  |  | 21,774 |
Total Nonaccrual Loans |  | 22,777 |  |  |  | 66,291 |
OREO |  | 6,022 |  |  |  | 13,313 |
Total Nonperforming Assets |  | $ | 28,799 |  |  |  | $ | 79,604 |
The following tables present loans on nonaccrual status by class of loan for the year-to-date periods presented:
| September 30, 2022 |  |
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual |  | Nonaccrual With No Related Allowance |  |  |  |  |  | Interest Income Recognized on Nonaccrual(1) |  |
Commercial real estate | $ | 31,488 |  |  | $ | 7,833 |  |  | $ | 6,317 |  |  |  |  |  |  | $ | 625 |  |  |
Commercial and industrial | 15,239 |  |  | 335 |  |  | — |  |  |  |  |  |  | 86 |  |  |
Commercial construction | 2,471 |  |  | 384 |  |  | — |  |  |  |  |  |  | — |  |  |
Business banking | 9,641 |  |  | 6,445 |  |  | 1,092 |  |  |  |  |  |  | 242 |  |  |
Consumer real estate | 7,294 |  |  | 7,373 |  |  | — |  |  |  |  |  |  | 178 |  |  |
Other consumer | 158 |  |  | 407 |  |  | — |  |  |  |  |  |  | 1 |  |  |
Total | $ | 66,291 |  |  | $ | 22,777 |  |  | $ | 7,409 |  |  |  |  |  |  | $ | 1,132 |  |  |
(1) Represents only cash payments received and applied to interest on nonaccrual loans for the nine months ended September 30, 2022.
| December 31, 2021
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual |  | Nonaccrual With No Related Allowance |  |  |  | Interest Income Recognized on Nonaccrual(1)
Commercial real estate | $ | 101,070 |  |  | $ | 31,488 |  |  | $ | 28,046 |  |  |  |  | $ | 158 |
Commercial and industrial | 16,985 |  |  | 15,239 |  |  | 5,707 |  |  |  |  | 74 |
Commercial construction | 384 |  |  | 2,471 |  |  | 2,020 |  |  |  |  | (28) |
Business banking | 17,122 |  |  | 9,641 |  |  | 1,696 |  |  |  |  | 427 |
Consumer real estate | 11,117 |  |  | 7,294 |  |  | — |  |  |  |  | 496 |
Other consumer | 96 |  |  | 158 |  |  | — |  |  |  |  | 1 |
Total | $ | 146,774 |  |  | $ | 66,291 |  |  | $ | 37,469 |  |  |  |  | $ | 1,128 |
(1) Represents only cash payments received and applied to interest on nonaccrual loans for the twelve months ended December 31, 2021.

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