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Loans and Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2023
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) | December 31, 2023 |  | December 31, 2022
Commercial real estate | $ | 2,659,135 |  |  | $ | 2,538,839 |
Commercial and industrial | 1,436,183 |  |  | 1,510,392 |
Commercial construction | 350,583 |  |  | 381,963 |
Business banking | 1,360,765 |  |  | 1,205,944 |
Consumer real estate | 1,731,778 |  |  | 1,421,953 |
Other consumer | 114,897 |  |  | 124,878 |
Total Portfolio Loans | $ | 7,653,341 |  |  | $ | 7,183,969 |
Loans held for sale | 153 |  |  | 16 |
Total Loans(1) | $ | 7,653,494 |  |  | $ | 7,183,985 |
(1) Excludes interest receivable of $35.3 million at December 31, 2023 and $28.3 million at December 31, 2022. Interest receivable is included in other assets in the Consolidated Balance Sheets.
Summary of Restructured Loans for Periods Presented | The following table presents the amortized cost of loans to borrowers experiencing financial difficulty by portfolio segment and type of modification during the periods presented:
| Twelve Months Ended December 31, 2023
(dollars in thousands) | Term Extension |  |  |  |  | Term Extension and Interest Rate Reduction | Total | % of Portfolio Segment
Commercial real estate | $ | 13,836 |  |  |  |  |  | $ | — |  | $ | 13,836 |  | 0.52 | %
Commercial industrial | 16,877 |  |  |  |  |  | — |  | 16,877 |  | 1.18 | %
Commercial construction | — |  |  |  |  |  | — |  | — |  | — | %
Business banking | 120 |  |  |  |  |  | — |  | 120 |  | 0.01 | %
Consumer real estate | 61 |  |  |  |  |  | 189 |  | 250 |  | 0.01 | %
Total(1) | $ | 30,894 |  |  |  |  |  | $ | 189 |  | $ | 31,083 |  | 0.41 | %
(1) Excludes loans that were fully paid off or fully charged-off by period end.
The following table describes the effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented:
|  |  | Twelve Months Ended December 31, 2023
|  |  |  |  |  |  |  |  | Weighted-Average Term Extension (in months) |  | Weighted-Average Interest Rate Reduction |  |  |  |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  | 4 |  |  | — |  |  |  |
Commercial industrial |  |  |  |  |  |  |  |  |  |  |  | 5 |  |  | — |  |  |  |
Commercial construction |  |  |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  |  |
Business banking |  |  |  |  |  |  |  |  |  |  |  | 19 |  |  | — |  |  |  |
Consumer real estate |  |  |  |  |  |  |  |  |  |  |  | 168 |  |  | 2% |  |  |  |
The following table summarizes TDRs as of the date presented:
| December 31, 2022
(dollars in thousands) | Accruing TDRs |  | Nonaccruing TDRs |  | Total TDRs
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial | 626 |  |  | — |  |  | 626 |
Commercial construction | 1,655 |  |  | — |  |  | 1,655 |
Business banking | 438 |  |  | 1,087 |  |  | 1,525 |
Consumer real estate | 6,168 |  |  | 1,798 |  |  | 7,966 |
Other consumer | 4 |  |  | 9 |  |  | 13 |
Total | $ | 8,891 |  |  | $ | 2,894 |  |  | $ | 11,785 |
The following table presents the TDRs by portfolio segment and type of concession for the periods presented:
| Twelve Months Ended December 31, 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 | 2 |  | — |  | 154 |  | — |  | — |  | — |  | 154 |  | 203 |
Consumer real estate | 23 |  | 1,436 |  | — |  | 610 |  | — |  | — |  | 2,046 |  | 2,558 |
Other consumer | 2 |  | 11 |  | — |  | — |  | — |  | — |  | 11 |  | 15 |
Total | 27 |  | $ | 1,447 |  | $ | 154 |  | $ | 610 |  | $ | — |  | $ | — |  | $ | 2,211 |  | $ | 2,776 |
(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 Aging Analysis of Modifications | The following table presents the aging analysis of modifications to borrowers experiencing financial difficulty in the last 12 months as of the date presented:
| December 31, 2023
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  | Total
Commercial real estate | $ | 13,836 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 13,836 |
Commercial industrial | 16,468 |  |  | — |  |  | — |  |  | 409 |  |  | 16,877 |
Commercial construction | — |  |  | — |  |  | — |  |  | — |  |  | — |
Business banking | 120 |  |  | — |  |  | — |  |  | — |  |  | 120 |
Consumer real estate | 250 |  |  | — |  |  | — |  |  | — |  |  | 250 |
Total | $ | 30,674 |  |  | $ | — |  |  | $ | — |  |  | $ | 409 |  |  | $ | 31,083 |
Summary of Nonperforming Assets | The following table is a summary of nonperforming assets as of the dates presented:
| Nonperforming Assets
(dollars in thousands) | December 31, 2023 |  | December 31, 2022
Nonperforming Assets |  |  |  |  |
Nonaccrual Loans |  | $ | 22,947 |  |  |  | $ | 19,052 |
OREO |  | 75 |  |  |  | 3,065 |
Total Nonperforming Assets |  | $ | 23,022 |  |  |  | $ | 22,117 |
The following tables present loans on nonaccrual status by class of loan for the year-to-date periods presented:
| December 31, 2023 |  |
(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 | $ | 7,100 |  |  | $ | 6,320 |  |  | $ | 5,940 |  |  |  |  |  |  | $ | 46 |  |  |
Commercial and industrial | 283 |  |  | 878 |  |  | — |  |  |  |  |  |  | 38 |  |  |
Commercial construction | 384 |  |  | 4,960 |  |  | 4,576 |  |  |  |  |  |  | — |  |  |
Business banking | 4,490 |  |  | 4,147 |  |  | — |  |  |  |  |  |  | 209 |  |  |
Consumer real estate | 6,526 |  |  | 6,312 |  |  | — |  |  |  |  |  |  | 308 |  |  |
Other consumer | 269 |  |  | 330 |  |  | — |  |  |  |  |  |  | 2 |  |  |
Total | $ | 19,052 |  |  | $ | 22,947 |  |  | $ | 10,516 |  |  |  |  |  |  | $ | 603 |  |  |
(1) Represents only cash payments received and applied to interest on nonaccrual loans.
| December 31, 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 |  |  | $ | 7,100 |  |  | $ | 5,649 |  |  |  |  | $ | 580 |
Commercial and industrial | 15,239 |  |  | 283 |  |  | — |  |  |  |  | 148 |
Commercial construction | 2,471 |  |  | 384 |  |  | — |  |  |  |  | 171 |
Business banking | 9,641 |  |  | 4,490 |  |  | 933 |  |  |  |  | 228 |
Consumer real estate | 7,294 |  |  | 6,526 |  |  | — |  |  |  |  | 257 |
Other consumer | 158 |  |  | 269 |  |  | — |  |  |  |  | 1 |
Total | $ | 66,291 |  |  | $ | 19,052 |  |  | $ | 6,582 |  |  |  |  | $ | 1,385 |
(1) Represents only cash payments received and applied to interest on nonaccrual loans.
Schedule of Loans and Leases Receivable Related Parties | The following table presents a summary of the aggregate amount of loans to certain officers and directors of S&T or any affiliates of such persons as of the dates presented:
| December 31,
(dollars in thousands) | 2023 |  | 2022
Balance at beginning of year | $ | 4,128 |  |  | $ | 6,157 |
New loans | 936 |  |  | 1,085 |
Repayments or no longer considered a related party | (881) |  |  | (3,114) |
Balance at End of Year | $ | 4,183 |  |  | $ | 4,128 |
Schedule of Loans Credit Quality Indicators | The following tables present loan balances by year of origination and internally assigned risk rating for our portfolio segments as of the dates presented:
| December 31, 2023
| Risk Rating
(dollars in thousands) | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 and Prior | Revolving | Revolving-Term | Total
Commercial Real Estate |  |  |  |  |  |  |  |  |
Pass | $ | 276,677 |  | $ | 323,463 |  | $ | 433,308 |  | $ | 237,901 |  | $ | 383,799 |  | $ | 781,465 |  | $ | 32,418 |  | $ | — |  | $ | 2,469,031 |
Special mention | — |  | 1,006 |  | 6,000 |  | — |  | 24,887 |  | 75,428 |  | — |  | — |  | 107,321 |
Substandard | — |  | — |  | — |  | 2,355 |  | 10,685 |  | 69,743 |  | — |  | — |  | 82,783 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Real Estate | 276,677 |  | 324,469 |  | 439,308 |  | 240,256 |  | 419,371 |  | 926,636 |  | 32,418 |  | — |  | 2,659,135 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | 1,706 |  | — |  | — |  | 1,706 |
Commercial and Industrial |  |  |  |  |  |  |  |  |
Pass | 171,672 |  | 231,114 |  | 185,884 |  | 53,101 |  | 47,063 |  | 183,165 |  | 482,490 |  | — |  | 1,354,489 |
Special mention | 189 |  | 620 |  | 10,242 |  | — |  | — |  | 8,848 |  | 4,126 |  | — |  | 24,025 |
Substandard | — |  | 244 |  | 14,510 |  | 1,595 |  | 5,795 |  | 1,892 |  | 33,633 |  | — |  | 57,669 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial and Industrial | 171,861 |  | 231,978 |  | 210,636 |  | 54,696 |  | 52,858 |  | 193,905 |  | 520,249 |  | — |  | 1,436,183 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | 3,412 |  | 15,842 |  | — |  | — |  | 19,254 |
Commercial Construction |  |  |  |  |  |  |  |  |
Pass | 75,596 |  | 154,456 |  | 82,313 |  | 14,845 |  | 151 |  | 4,054 |  | 14,208 |  | — |  | 345,623 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | — |  | — |  | 4,576 |  | 384 |  | — |  | — |  | 4,960 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Construction | 75,596 |  | 154,456 |  | 82,313 |  | 14,845 |  | 4,727 |  | 4,438 |  | 14,208 |  | — |  | 350,583 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | 451 |  | — |  | — |  | — |  | 451 |
Business Banking |  |  |  |  |  |  |  |  |
Pass | 270,129 |  | 262,535 |  | 204,874 |  | 87,346 |  | 96,371 |  | 321,360 |  | 96,618 |  | 523 |  | 1,339,756 |
Special mention | — |  | 55 |  | 251 |  | 224 |  | 33 |  | 3,508 |  | 37 |  | 172 |  | 4,280 |
Substandard | — |  | 16 |  | 2,486 |  | 448 |  | 3,170 |  | 9,898 |  | 99 |  | 612 |  | 16,729 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Business Banking | 270,129 |  | 262,606 |  | 207,611 |  | 88,018 |  | 99,574 |  | 334,766 |  | 96,754 |  | 1,307 |  | 1,360,765 |
Year-to-date Gross Charge-offs | — |  | 67 |  | 43 |  | 1 |  | 88 |  | 1,073 |  | 34 |  | — |  | 1,306 |
Consumer Real Estate |  |  |  |  |  |  |  |  |
Pass | 311,887 |  | 334,879 |  | 147,652 |  | 101,999 |  | 67,402 |  | 183,283 |  | 551,368 |  | 22,206 |  | 1,720,676 |
Special mention | — |  | — |  | — |  | — |  | — |  | 189 |  | — |  | — |  | 189 |
Substandard | — |  | 583 |  | 198 |  | 42 |  | 488 |  | 6,322 |  | 712 |  | 2,568 |  | 10,913 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer Real Estate | 311,887 |  | 335,462 |  | 147,850 |  | 102,041 |  | 67,890 |  | 189,794 |  | 552,080 |  | 24,774 |  | 1,731,778 |
Year-to-date Gross Charge-offs | — |  | 1 |  | — |  | 5 |  | 1 |  | 43 |  | 75 |  | 296 |  | 421 |
Other Consumer |  |  |  |  |  |  |  |  |
Pass | 11,286 |  | 11,965 |  | 6,483 |  | 3,842 |  | 1,062 |  | 526 |  | 76,426 |  | 3,109 |  | 114,699 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | — |  | — |  | 24 |  | 5 |  | 20 |  | 146 |  | — |  | 3 |  | 198 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Other Consumer | 11,286 |  | 11,965 |  | 6,507 |  | 3,847 |  | 1,082 |  | 672 |  | 76,426 |  | 3,112 |  | 114,897 |
Year-to-date Gross Charge-offs | 830 |  | 146 |  | 175 |  | 19 |  | 37 |  | 5 |  | — |  | 288 |  | 1,500 |
Pass | 1,117,247 |  | 1,318,412 |  | 1,060,514 |  | 499,034 |  | 595,848 |  | 1,473,853 |  | 1,253,528 |  | 25,838 |  | 7,344,274 |
Special mention | 189 |  | 1,681 |  | 16,493 |  | 224 |  | 24,920 |  | 87,973 |  | 4,163 |  | 172 |  | 135,815 |
Substandard | — |  | 843 |  | 17,218 |  | 4,445 |  | 24,734 |  | 88,385 |  | 34,444 |  | 3,183 |  | 173,252 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Loan Balance | $ | 1,117,436 |  | $ | 1,320,936 |  | $ | 1,094,225 |  | $ | 503,703 |  | $ | 645,502 |  | $ | 1,650,211 |  | $ | 1,292,135 |  | $ | 29,193 |  | $ | 7,653,341 |
Current Year-to-date Gross Charge-offs | $ | 830 |  | $ | 214 |  | $ | 218 |  | $ | 25 |  | $ | 3,989 |  | $ | 18,669 |  | $ | 109 |  | $ | 584 |  | $ | 24,638 |
| December 31, 2022
| Risk Rating
(dollars in thousands) | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 and Prior | Revolving | Revolving-Term | Total
Commercial Real Estate |  |  |  |  |  |  |  |  |
Pass | $ | 292,732 |  | $ | 360,423 |  | $ | 267,743 |  | $ | 422,872 |  | $ | 227,006 |  | $ | 704,600 |  | $ | 21,666 |  | $ | — |  | $ | 2,297,042 |
Special mention | — |  | — |  | — |  | 13,187 |  | 20,090 |  | 101,112 |  | — |  | — |  | 134,389 |
Substandard | — |  | — |  | 1,306 |  | 13,434 |  | 14,845 |  | 77,823 |  | — |  | — |  | 107,408 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Real Estate | 292,732 |  | 360,423 |  | 269,049 |  | 449,493 |  | 261,941 |  | 883,535 |  | 21,666 |  | — |  | 2,538,839 |
Commercial and Industrial |  |  |  |  |  |  |  |  |
Pass | 253,324 |  | 264,012 |  | 88,544 |  | 63,190 |  | 62,874 |  | 138,250 |  | 559,777 |  | — |  | 1,429,971 |
Special mention | — |  | 25,436 |  | — |  | 5,103 |  | 1,885 |  | 7,132 |  | 19,280 |  | — |  | 58,836 |
Substandard | 372 |  | — |  | — |  | 5,705 |  | 1,152 |  | 1,891 |  | 12,465 |  | — |  | 21,585 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial and Industrial | 253,696 |  | 289,448 |  | 88,544 |  | 73,998 |  | 65,911 |  | 147,273 |  | 591,522 |  | — |  | 1,510,392 |
Commercial Construction |  |  |  |  |  |  |  |  |
Pass | 120,655 |  | 159,737 |  | 40,762 |  | 6,338 |  | 3,953 |  | 2,297 |  | 27,284 |  | — |  | 361,026 |
Special mention | — |  | 10,954 |  | — |  | 8,104 |  | — |  | — |  | — |  | — |  | 19,058 |
Substandard | — |  | — |  | — |  | — |  | — |  | 1,879 |  | — |  | — |  | 1,879 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Construction | 120,655 |  | 170,691 |  | 40,762 |  | 14,442 |  | 3,953 |  | 4,176 |  | 27,284 |  | — |  | 381,963 |
Business Banking |  |  |  |  |  |  |  |  |
Pass | 287,520 |  | 233,499 |  | 87,926 |  | 107,819 |  | 80,549 |  | 276,843 |  | 104,354 |  | 645 |  | 1,179,155 |
Special mention | — |  | 157 |  | 146 |  | — |  | 2,790 |  | 3,945 |  | 793 |  | 95 |  | 7,926 |
Substandard | 159 |  | 67 |  | 3,077 |  | 1,912 |  | 1,550 |  | 11,391 |  | 124 |  | 551 |  | 18,831 |
Doubtful | — |  | — |  | — |  | — |  | — |  | 32 |  | — |  | — |  | 32 |
Total Business Banking | 287,679 |  | 233,723 |  | 91,149 |  | 109,731 |  | 84,889 |  | 292,211 |  | 105,271 |  | 1,291 |  | 1,205,944 |
Consumer Real Estate |  |  |  |  |  |  |  |  |
Pass | 296,900 |  | 148,790 |  | 91,477 |  | 74,155 |  | 30,658 |  | 191,228 |  | 552,994 |  | 21,547 |  | 1,407,749 |
Special mention | — |  | — |  | — |  | — |  | — |  | 882 |  | — |  | — |  | 882 |
Substandard | 48 |  | 213 |  | 136 |  | 428 |  | 1,373 |  | 8,059 |  | 655 |  | 2,410 |  | 13,322 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer Real Estate | 296,948 |  | 149,003 |  | 91,613 |  | 74,583 |  | 32,031 |  | 200,169 |  | 553,649 |  | 23,957 |  | 1,421,953 |
Other Consumer |  |  |  |  |  |  |  |  |
Pass | 20,046 |  | 10,819 |  | 5,427 |  | 3,242 |  | 1,013 |  | 724 |  | 82,125 |  | 1,404 |  | 124,800 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | 8 |  | — |  | — |  | 28 |  | 21 |  | — |  | — |  | 21 |  | 78 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Other Consumer | 20,054 |  | 10,819 |  | 5,427 |  | 3,270 |  | 1,034 |  | 724 |  | 82,125 |  | 1,425 |  | 124,878 |
Pass | 1,271,177 |  | 1,177,280 |  | 581,879 |  | 677,616 |  | 406,053 |  | 1,313,942 |  | 1,348,200 |  | 23,596 |  | 6,799,743 |
Special Mention | — |  | 36,547 |  | 146 |  | 26,394 |  | 24,765 |  | 113,071 |  | 20,073 |  | 95 |  | 221,091 |
Substandard | 587 |  | 280 |  | 4,519 |  | 21,507 |  | 18,941 |  | 101,043 |  | 13,244 |  | 2,982 |  | 163,103 |
Doubtful | — |  | — |  | — |  | — |  | — |  | 32 |  | — |  | — |  | 32 |
Total Loan Balance | $ | 1,271,764 |  | $ | 1,214,107 |  | $ | 586,544 |  | $ | 725,517 |  | $ | 449,759 |  | $ | 1,528,088 |  | $ | 1,381,517 |  | $ | 26,673 |  | $ | 7,183,969 |
The following tables present loan balances by year of origination and accrual and nonaccrual status for our portfolio segments as of the dates presented:
| December 31, 2023
(dollars in thousands) | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 and Prior | Revolving | Revolving-Term | Total
Commercial Real Estate |  |  |  |  |  |  |  |  |
Accrual | $ | 276,677 |  | $ | 324,469 |  | $ | 439,308 |  | $ | 240,256 |  | $ | 419,371 |  | $ | 920,316 |  | $ | 32,418 |  | $ | — |  | $ | 2,652,815 |
Nonaccrual | — |  | — |  | — |  | — |  | — |  | 6,320 |  | — |  | — |  | 6,320 |
Total Commercial Real Estate | 276,677 |  | 324,469 |  | 439,308 |  | 240,256 |  | 419,371 |  | 926,636 |  | 32,418 |  | — |  | 2,659,135 |
Commercial and Industrial |  |  |  |  |  |  |  |  |
Accrual | 171,861 |  | 231,978 |  | 210,636 |  | 54,696 |  | 52,858 |  | 193,257 |  | 520,019 |  | — |  | 1,435,305 |
Nonaccrual | — |  | — |  | — |  | — |  | — |  | 648 |  | 230 |  | — |  | 878 |
Total Commercial and Industrial | 171,861 |  | 231,978 |  | 210,636 |  | 54,696 |  | 52,858 |  | 193,905 |  | 520,249 |  | — |  | 1,436,183 |
Commercial Construction |  |  |  |  |  |  |  |  |
Accrual | 75,596 |  | 154,456 |  | 82,313 |  | 14,845 |  | 151 |  | 4,054 |  | 14,208 |  | — |  | 345,623 |
Nonaccrual | — |  | — |  | — |  | — |  | 4,576 |  | 384 |  | — |  | — |  | 4,960 |
Total Commercial Construction | 75,596 |  | 154,456 |  | 82,313 |  | 14,845 |  | 4,727 |  | 4,438 |  | 14,208 |  | — |  | 350,583 |
Business Banking |  |  |  |  |  |  |  |  |
Accrual | 270,129 |  | 262,606 |  | 207,611 |  | 87,979 |  | 99,354 |  | 330,902 |  | 96,754 |  | 1,283 |  | 1,356,618 |
Nonaccrual | — |  | — |  | — |  | 39 |  | 220 |  | 3,864 |  | — |  | 24 |  | 4,147 |
Total Business Banking | 270,129 |  | 262,606 |  | 207,611 |  | 88,018 |  | 99,574 |  | 334,766 |  | 96,754 |  | 1,307 |  | 1,360,765 |
Consumer Real Estate |  |  |  |  |  |  |  |  |
Accrual | 311,887 |  | 335,086 |  | 147,689 |  | 101,518 |  | 67,577 |  | 186,909 |  | 551,858 |  | 22,942 |  | 1,725,466 |
Nonaccrual | — |  | 376 |  | 161 |  | 523 |  | 313 |  | 2,885 |  | 222 |  | 1,832 |  | 6,312 |
Total Consumer Real Estate | 311,887 |  | 335,462 |  | 147,850 |  | 102,041 |  | 67,890 |  | 189,794 |  | 552,080 |  | 24,774 |  | 1,731,778 |
Other Consumer |  |  |  |  |  |  |  |  |
Accrual | 11,286 |  | 11,965 |  | 6,499 |  | 3,656 |  | 1,082 |  | 541 |  | 76,426 |  | 3,112 |  | 114,567 |
Nonaccrual | — |  | — |  | 8 |  | 191 |  | — |  | 131 |  | — |  | — |  | 330 |
Total Other Consumer | 11,286 |  | 11,965 |  | 6,507 |  | 3,847 |  | 1,082 |  | 672 |  | 76,426 |  | 3,112 |  | 114,897 |
Accrual | 1,117,436 |  | 1,320,560 |  | 1,094,056 |  | 502,950 |  | 640,393 |  | 1,635,979 |  | 1,291,683 |  | 27,337 |  | 7,630,394 |
Nonaccrual | — |  | 376 |  | 169 |  | 753 |  | 5,109 |  | 14,232 |  | 452 |  | 1,856 |  | 22,947 |
Total Loan Balance | $ | 1,117,436 |  | $ | 1,320,936 |  | $ | 1,094,225 |  | $ | 503,703 |  | $ | 645,502 |  | $ | 1,650,211 |  | $ | 1,292,135 |  | $ | 29,193 |  | $ | 7,653,341 |
| December 31, 2022
(dollars in thousands) | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 and Prior | Revolving | Revolving-Term | Total
Commercial Real Estate |  |  |  |  |  |  |  |  |
Accrual | $ | 292,732 |  | $ | 360,423 |  | $ | 269,049 |  | $ | 449,493 |  | $ | 261,941 |  | $ | 876,435 |  | $ | 21,666 |  | $ | — |  | $ | 2,531,739 |
Nonaccrual | — |  | — |  | — |  | — |  | — |  | 7,100 |  | — |  | — |  | 7,100 |
Total Commercial Real Estate | 292,732 |  | 360,423 |  | 269,049 |  | 449,493 |  | 261,941 |  | 883,535 |  | 21,666 |  | — |  | 2,538,839 |
Commercial and Industrial |  |  |  |  |  |  |  |  |
Accrual | 253,696 |  | 289,448 |  | 88,544 |  | 73,998 |  | 65,858 |  | 147,273 |  | 591,292 |  | — |  | 1,510,109 |
Nonaccrual | — |  | — |  | — |  | — |  | 53 |  | — |  | 230 |  | — |  | 283 |
Total Commercial and Industrial | 253,696 |  | 289,448 |  | 88,544 |  | 73,998 |  | 65,911 |  | 147,273 |  | 591,522 |  | — |  | 1,510,392 |
Commercial Construction |  |  |  |  |  |  |  |  |
Accrual | 120,655 |  | 170,691 |  | 40,762 |  | 14,442 |  | 3,953 |  | 3,792 |  | 27,284 |  | — |  | 381,579 |
Nonaccrual | — |  | — |  | — |  | — |  | — |  | 384 |  | — |  | — |  | 384 |
Total Commercial Construction | 120,655 |  | 170,691 |  | 40,762 |  | 14,442 |  | 3,953 |  | 4,176 |  | 27,284 |  | — |  | 381,963 |
Business Banking |  |  |  |  |  |  |  |  |
Accrual | 287,679 |  | 233,656 |  | 91,149 |  | 109,479 |  | 83,689 |  | 289,435 |  | 105,172 |  | 1,195 |  | 1,201,454 |
Nonaccrual | — |  | 67 |  | — |  | 252 |  | 1,200 |  | 2,776 |  | 99 |  | 96 |  | 4,490 |
Total Business Banking | 287,679 |  | 233,723 |  | 91,149 |  | 109,731 |  | 84,889 |  | 292,211 |  | 105,271 |  | 1,291 |  | 1,205,944 |
Consumer Real Estate |  |  |  |  |  |  |  |  |
Accrual | 296,948 |  | 148,868 |  | 91,085 |  | 73,947 |  | 31,646 |  | 196,384 |  | 553,441 |  | 23,108 |  | 1,415,427 |
Nonaccrual | — |  | 135 |  | 528 |  | 636 |  | 385 |  | 3,785 |  | 208 |  | 849 |  | 6,526 |
Total Consumer Real Estate | 296,948 |  | 149,003 |  | 91,613 |  | 74,583 |  | 32,031 |  | 200,169 |  | 553,649 |  | 23,957 |  | 1,421,953 |
Other Consumer |  |  |  |  |  |  |  |  |
Accrual | 20,054 |  | 10,819 |  | 5,303 |  | 3,270 |  | 1,034 |  | 593 |  | 82,125 |  | 1,411 |  | 124,609 |
Nonaccrual | — |  | — |  | 124 |  | — |  | — |  | 131 |  | — |  | 14 |  | 269 |
Total Other Consumer | 20,054 |  | 10,819 |  | 5,427 |  | 3,270 |  | 1,034 |  | 724 |  | 82,125 |  | 1,425 |  | 124,878 |
Accrual | 1,271,764 |  | 1,213,905 |  | 585,892 |  | 724,629 |  | 448,121 |  | 1,513,912 |  | 1,380,980 |  | 25,714 |  | 7,164,917 |
Nonaccrual | — |  | 202 |  | 652 |  | 888 |  | 1,638 |  | 14,176 |  | 537 |  | 959 |  | 19,052 |
Total Loan Balance | $ | 1,271,764 |  | $ | 1,214,107 |  | $ | 586,544 |  | $ | 725,517 |  | $ | 449,759 |  | $ | 1,528,088 |  | $ | 1,381,517 |  | $ | 26,673 |  | $ | 7,183,969 |
The following table presents collateral-dependent loans as of December 31, 2023:
| December 31, 2023
| Type of Collateral
(dollars in thousands) | Real Estate |  | Business Assets |  |  | Other
Commercial real estate | $ | 5,940 |  | $ | — |  |  | $ | —
Commercial and industrial | — |  | — |  |  | —
Commercial construction | 4,576 |  | — |  |  | —
Business banking | — |  | — |  |  | —
Consumer real estate | — |  | — |  |  | —
Total | $ | 10,516 |  | $ | — |  |  | $ | —
The following table presents collateral-dependent loans by class of loans as of December 31, 2022:
| December 31, 2022
| Type of Collateral
(dollars in thousands) | Real Estate |  | Business Assets |  |  | Other
Commercial real estate | $ | 5,649 |  | $ | — |  |  | $ | —
Commercial and industrial | — |  | 626 |  |  | —
Commercial construction | 1,655 |  | — |  |  | —
Business banking | 260 |  | 1,112 |  |  | 154
Consumer real estate | 561 |  | — |  |  | —
Total | $ | 8,125 |  | $ | 1,738 |  |  | $ | 154
Schedule of Age Analysis of Past Due Loans Segregated by Class of Loans | The following tables present the age analysis of past due loans segregated by class of loans as of the dates presented:
| December 31, 2023
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  |  |  |  |  | Nonaccrual |  | Total Past Due Loans |  | Total Loans
Commercial real estate | $ | 2,649,412 |  |  | $ | — |  |  | $ | 3,403 |  |  |  |  |  |  | $ | 6,320 |  |  | $ | 9,723 |  |  | $ | 2,659,135 |
Commercial and industrial | 1,435,301 |  |  | 4 |  |  | — |  |  |  |  |  |  | 878 |  |  | 882 |  |  | 1,436,183 |
Commercial construction | 345,623 |  |  | — |  |  | — |  |  |  |  |  |  | 4,960 |  |  | 4,960 |  |  | 350,583 |
Business banking | 1,351,048 |  |  | 3,525 |  |  | 2,045 |  |  |  |  |  |  | 4,147 |  |  | 9,717 |  |  | 1,360,765 |
Consumer real estate | 1,719,751 |  |  | 3,352 |  |  | 2,363 |  |  |  |  |  |  | 6,312 |  |  | 12,027 |  |  | 1,731,778 |
Other consumer | 114,138 |  |  | 366 |  |  | 63 |  |  |  |  |  |  | 330 |  |  | 759 |  |  | 114,897 |
Total | $ | 7,615,273 |  |  | $ | 7,247 |  |  | $ | 7,874 |  |  |  |  |  |  | $ | 22,947 |  |  | $ | 38,068 |  |  | $ | 7,653,341 |
| December 31, 2022 |  |
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  |  |  | Nonaccrual |  | Total Past Due Loans |  | Total Loans |  |
Commercial real estate | $ | 2,523,315 |  |  | $ | 8,424 |  |  | $ | — |  |  |  |  | $ | 7,100 |  |  | $ | 15,524 |  |  | $ | 2,538,839 |  |  |
Commercial and industrial | 1,505,805 |  |  | 4,304 |  |  | — |  |  |  |  | 283 |  |  | 4,587 |  |  | 1,510,392 |  |  |
Commercial construction | 381,579 |  |  | — |  |  | — |  |  |  |  | 384 |  |  | 384 |  |  | 381,963 |  |  |
Business banking | 1,199,586 |  |  | 1,583 |  |  | 285 |  |  |  |  | 4,490 |  |  | 6,358 |  |  | 1,205,944 |  |  |
Consumer real estate | 1,409,907 |  |  | 3,617 |  |  | 1,903 |  |  |  |  | 6,526 |  |  | 12,046 |  |  | 1,421,953 |  |  |
Other consumer | 124,384 |  |  | 165 |  |  | 60 |  |  |  |  | 269 |  |  | 494 |  |  | 124,878 |  |  |
Total | $ | 7,144,576 |  |  | $ | 18,093 |  |  | $ | 2,248 |  |  |  |  | $ | 19,052 |  |  | $ | 39,393 |  |  | $ | 7,183,969 |  |  |
Schedule of Allowance for Credit Loss | The following tables present activity in the ACL for the periods presented:
| Twelve Months Ended December 31, 2023
(dollars in thousands) | Commercial Real Estate |  | Commercial and Industrial |  | Commercial Construction |  | Business Banking |  | Consumer Real Estate |  | Other Consumer |  | Total Loans
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 41,428 |  |  | $ | 25,710 |  |  | $ | 6,264 |  |  | $ | 12,547 |  |  | $ | 12,105 |  |  | $ | 3,286 |  |  | $ | 101,340 |
Impact of ASU 2022-02 | — |  |  | 75 |  |  | 215 |  |  | 251 |  |  | 278 |  |  | (251) |  |  | 568 |
Provision for credit losses on loans(1) | (2,803) |  |  | 18,366 |  |  | (648) |  |  | 1,088 |  |  | 2,493 |  |  | 744 |  |  | 19,240 |
Charge-offs | (1,706) |  |  | (19,254) |  |  | (451) |  |  | (1,306) |  |  | (421) |  |  | (1,500) |  |  | (24,638) |
Recoveries | 967 |  |  | 9,641 |  |  | 2 |  |  | 278 |  |  | 208 |  |  | 360 |  |  | 11,456 |
Net (Charge-offs)/ Recoveries | (739) |  |  | (9,613) |  |  | (449) |  |  | (1,028) |  |  | (213) |  |  | (1,140) |  |  | (13,182) |
Balance at End of Period | $ | 37,886 |  |  | $ | 34,538 |  |  | $ | 5,382 |  |  | $ | 12,858 |  |  | $ | 14,663 |  |  | $ | 2,639 |  |  | $ | 107,966 |
(1) Excludes the provision for credits losses for unfunded commitments. |  |  |  |  |  |  |  |  |  |
| Twelve Months Ended December 31, 2022
(dollars in thousands) | Commercial Real Estate |  | Commercial and Industrial |  | Commercial Construction |  | Business Banking |  | Consumer Real Estate |  | Other Consumer |  | Total Loans
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 50,700 |  |  | $ | 19,727 |  |  | $ | 5,355 |  |  | $ | 11,338 |  |  | $ | 8,733 |  |  | $ | 2,723 |  |  | $ | 98,576 |
Provision for credit losses on loans(1) | (9,064) |  |  | 4,797 |  |  | 908 |  |  | 3,644 |  |  | 3,536 |  |  | 1,538 |  |  | 5,359 |
Charge-offs | (827) |  |  | (5,797) |  |  | — |  |  | (3,314) |  |  | (304) |  |  | (1,375) |  |  | (11,617) |
Recoveries | 619 |  |  | 6,983 |  |  | 1 |  |  | 879 |  |  | 140 |  |  | 400 |  |  | 9,022 |
Net (Charge-offs)/Recoveries | (208) |  |  | 1,186 |  |  | 1 |  |  | (2,435) |  |  | (164) |  |  | (975) |  |  | (2,595) |
Balance at End of Period | $ | 41,428 |  |  | $ | 25,710 |  |  | $ | 6,264 |  |  | $ | 12,547 |  |  | $ | 12,105 |  |  | $ | 3,286 |  |  | $ | 101,340 |
(1) Excludes the provision for credits losses for unfunded commitments. |  |  |  |  |  |  |  |  |  |

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