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Allowance for Loan and Lease Losses | 3 Months Ended
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Mar. 31, 2020
Receivables [Abstract] |
Allowance for Loan and Lease Losses | Allowance for Credit Losses Management reviews the appropriateness of the allowance for credit losses (“allowance” or "ACL") on a regular basis. Management considers the accounting policy relating to the allowance to be a critical accounting policy, given the inherent uncertainty in evaluating the levels of the allowance required to cover credit losses in the portfolio and the material effect that assumptions could have on the Company’s results of operations. The Company has developed a methodology to measure the amount of estimated credit loss exposure inherent in the loan portfolio to assure that an appropriate allowance is maintained. The Company’s methodology is based upon guidance provided in SEC Staff Accounting Bulletin No. 119, Measurement of Credit Losses on Financial Instruments ("CECL"), and Financial Instruments - Credit Losses and ASC Topic 326, Financial Instruments - Credit Losses. The Company uses a discounted cash flow ("DCF") method to estimate expected credit losses for all loan segments. For each of these loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, recovery lag probability of default, and loss give default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on internal historical data. The Company uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loans utilizing the DCF method, management utilizes and forecasts national unemployment and a one year percentage change in national gross domestic product as loss drivers in the model. For all DCF models, management has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. Management leverages economic projections from a reputable and independent third party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by management when developing the forecast metrics. The combination of adjustments for credit expectations and timing expectations produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce a net present value of expected cash flows ("NPV"). An ACL is established for the difference between the NPV and amortized cost basis. The Company adopted ASU 2016-13 using the prospective transition approach for financial assets purchased with credit deterioration ("PCD") that were previously classified as purchased credit impaired ("PCI") and accounted for under ASC 310-30. In accordance with the standard, the Company did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining discount on the PCD assets will be accreted into interest income on a level-yield method over the life of the loans. Since the methodology is based upon historical experience and trends, current conditions, and reasonable and supportable forecasts, as well as management’s judgment, factors may arise that result in different estimates. While management’s evaluation of the allowance as of March 31, 2020, considers the allowance to be appropriate, under adversely different conditions or assumptions, the Company would need to increase or decrease the allowance. Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as commitments to make loans, and commercial letters of credit. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to credit loss expense for off-balance sheet credit exposures included in other noninterest expense in the Company's consolidated statements of income. The following table details activity in the allowance for credit losses on loans for the three months ended March 31, 2020 and 2019. The Company adopted ASU 2016-13 on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable U.S. GAAP. The transition adjustment includes a decrease in the allowance of $2.5 million. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |
(In thousands) | Commercial and Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer and Other |  |  | Finance Leases |  |  | Total |
Allowance for credit losses:
Beginning balance, prior to adoption of ASC 326 | $ | 10,541 |  |  | $ | 21,608 |  |  | $ | 6,381 |  |  | $ | 1,362 |  |  | $ | 0 |  |  | $ | 39,892 |
Impact of adopting ASC 326 | (2,008 | ) |  | (5,917 | ) |  | 4,459 |  |  | 850 |  |  | 82 |  |  | (2,534 | )
Charge-offs | (1 | ) |  | (1,290 | ) |  | (2 | ) |  | (137 | ) |  | 0 |  |  | (1,430 | )
Recoveries | 16 |  |  | 18 |  |  | 79 |  |  | 69 |  |  | 0 |  |  | 182 |
Provision for credit loss expense | 3,117 |  |  | 8,027 |  |  | 5,413 |  |  | (261 | ) |  | (2 | ) |  | 16,294 |
Ending Balance | $ | 11,665 |  |  | $ | 22,446 |  |  | $ | 16,330 |  |  | $ | 1,883 |  |  | $ | 80 |  |  | $ | 52,404 |
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |
(In thousands) | Commercial and Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer and Other |  |  | Finance Leases |  |  | Total |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 11,272 |  |  | $ | 23,483 |  |  | $ | 7,345 |  |  | $ | 1,310 |  |  | $ | 0 |  |  | 43,410 |
Charge-offs | (380 | ) |  | (3,343 | ) |  | (18 | ) |  | (180 | ) |  | 0 |  |  | (3,921 | )
Recoveries | 59 |  |  | 7 |  |  | 233 |  |  | 95 |  |  | 0 |  |  | 394 |
Provision (credit) | 572 |  |  | 923 |  |  | (1,098 | ) |  | 48 |  |  | 0 |  |  | 445 |
Ending Balance | $ | 11,523 |  |  | $ | 21,070 |  |  | $ | 6,462 |  |  | $ | 1,273 |  |  | $ | 0 |  |  | $ | 40,328 |
The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans:
(In thousands) | Real Estate | Business Assets | Other | Total | ACL Allocation
March 31, 2020 |  |  |  |  |
Commercial and Industrial | $ | 0 |  | $ | 631 |  | $ | 93 |  | $ | 724 |  | $ | 131 |
Commercial Real Estate | 7,705 |  | 0 |  | 60 |  | 7,765 |  | 225 |
Commercial Real Estate - Agriculture | 1,559 |  | 0 |  | 0 |  | 1,559 |  | 0 |
Residential - Mortgages | 46 |  | 0 |  | 0 |  | 46 |  | 0 |
Total | $ | 9,310 |  | $ | 631 |  | $ | 153 |  | $ | 10,094 |  | $ | 356 |
The following table presents information pertaining to the allocation of the allowance for loan and lease losses as of December 31, 2019, as determined in accordance with ASC 310, prior to the adoption of ASU 2016-13:
(In thousands) | Commercial and Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer and Other |  |  | Finance Leases |  |  | Total |
Allowance for originated loans and leases |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 245 |  |  | $ | 662 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 907 |
Collectively evaluated for impairment | 10,296 |  |  | 20,895 |  |  | 6,360 |  |  | 1,356 |  |  | 0 |  |  | 38,907 |
Ending balance | $ | 10,541 |  |  | $ | 21,557 |  |  | $ | 6,360 |  |  | $ | 1,356 |  |  | $ | 0 |  |  | $ | 39,814 |
(In thousands) | Commercial and Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer and Other |  |  | Finance Leases |  |  | Total |
Allowance for acquired loans |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | 0 |  |  | $ | 51 |  |  | $ | 21 |  |  | $ | 6 |  |  | $ | 0 |  |  | $ | 78 |
Ending balance | $ | 0 |  |  | $ | 51 |  |  | $ | 21 |  |  | $ | 6 |  |  | $ | 0 |  |  | $ | 78 |
The recorded investment in loans and leases summarized on the basis of the Company’s impairment methodology as of December 31, 2019 was as follows:
(In thousands) | Commercial and Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer and Other |  |  | Finance Leases |  |  | Total |
Originated loans and leases |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 2,110 |  |  | $ | 13,496 |  |  | $ | 3,779 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 19,385 |
Collectively evaluated for impairment | 966,875 |  |  | 2,283,152 |  |  | 1,340,687 |  |  | 73,625 |  |  | 17,322 |  |  | 4,681,661 |
Total | $ | 968,985 |  |  | $ | 2,296,648 |  |  | $ | 1,344,466 |  |  | $ | 73,625 |  |  | $ | 17,322 |  |  | $ | 4,701,046 |
(In thousands) | Commercial and Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer and Other |  |  | Finance Leases |  |  | Total |
Acquired loans |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 2 |  |  | $ | 714 |  |  | $ | 2,114 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 2,830 |
Loans acquired with deteriorated credit quality | 173 |  |  | 5,674 |  |  | 3,302 |  |  | 0 |  |  | 0 |  |  | 9,149 |
Collectively evaluated for impairment | 38,901 |  |  | 140,529 |  |  | 27,955 |  |  | 785 |  |  | 0 |  |  | 208,170 |
Total | $ | 39,076 |  |  | $ | 146,917 |  |  | $ | 33,371 |  |  | $ | 785 |  |  | $ | 0 |  |  | $ | 220,149 |
Prior to the adoption of ASC 326, a loan was considered impaired when, based on current information and events, it was probable that we would be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans consisted of non-homogenous nonaccrual loans, and all loans restructured in a troubled debt restructuring (TDR). Specific reserves on individually identified impaired loans that were not collateral dependent were measured based on the present value of expected future cash flows discounted at the original effective interest rate of each loan. For loans that were collateral dependent, impairment was measured based on the fair value of the collateral less estimated selling costs, and such impaired amounts were generally charged off. The majority of impaired loans were collateral dependent impaired loans that had limited exposure or require limited specific reserves because of the amount of collateral support with respect to these loans, and previous charge-offs. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured. In these cases, interest is recognized on a cash basis. Impaired loans at December 31, 2019 were as follows:
| December 31, 2019
(In thousands) | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance
Originated loans and leases with no related allowance |  |  |  |  |
Commercial and industrial |  |  |  |  |
Commercial and industrial other | $ | 1,865 |  |  | $ | 1,965 |  |  | $ | 0 |
Commercial real estate |  |  |  |  |
Commercial real estate other | 10,205 |  |  | 11,017 |  |  | 0 |
Residential real estate |  |  |  |  |
Home equity | 3,779 |  |  | 3,992 |  |  | 0 |
Subtotal | $ | 15,849 |  |  | $ | 16,974 |  |  | $ | 0 |
Originated loans and leases with related allowance
Commercial and industrial |  |  |  |  |
Commercial and industrial other | 245 |  |  | 245 |  |  | 245 |
Commercial real estate |  |  |  |  |
Commercial real estate other | 3,291 |  |  | 3,291 |  |  | 662 |
Subtotal | $ | 3,536 |  |  | $ | 3,536 |  |  | $ | 907 |
Total | $ | 19,385 |  |  | $ | 20,510 |  |  | $ | 907 |
| December 31, 2019
(In thousands) | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance
Acquired loans with no related allowance
Commercial and industrial |  |  |  |  |
Commercial and industrial other | $ | 2 |  |  | $ | 2 |  |  | $ | 0 |
Commercial real estate |  |  |  |  |
Commercial real estate other | 714 |  |  | 714 |  |  | 0 |
Residential real estate |  |  |  |  |
Home equity | 2,114 |  |  | 2,217 |  |  | 0 |
Total | $ | 2,830 |  |  | $ | 2,933 |  |  | $ | 0 |
The following table presents average impaired loans, as determined in accordance with ASC 310, prior to the adoption of ASU 2016-13, and interest recognized on such loans, for the three months ended March 31, 2019:
| Three Months Ended March 31, 2019
(In thousands) | Average Recorded Investment |  | Interest Income Recognized
Originated loans and leases with no related allowance |  |  |
Commercial and industrial |  |  |
Commercial and industrial other | $ | 1,468 |  |  | $ | 0 |
Commercial real estate |  |  |
Commercial real estate other | 6,099 |  |  | 0 |
Residential real estate |  |  |
Home equity | 3,981 |  |  | 0 |
Subtotal | $ | 11,548 |  |  | $ | 0 |
Originated loans and leases with related allowance |  |  |
Commercial and industrial |  |  |
Commercial and industrial other | 581 |  |  | 0 |
Commercial real estate |  |  |
Commercial real estate other | 445 |  |  | 0 |
Subtotal | $ | 1,026 |  |  | $ | 0 |
Total | $ | 12,574 |  |  | $ | 0 |
| Three Months Ended March 31, 2019
(In thousands) | Average Recorded Investment |  | Interest Income Recognized
Acquired loans and leases with no related allowance |  |  |
Commercial and industrial |  |  |
Commercial and industrial other | $ | 22 |  |  | $ | 0 |
Commercial real estate |  |  |
Commercial real estate other | 855 |  |  | 0 |
Residential real estate |  |  |
Home equity | 2,577 |  |  | 0 |
Subtotal | $ | 3,454 |  |  | $ | 0 |
Total | $ | 3,454 |  |  | $ | 0 |
Loans are considered modified in a TDR when, due to a borrower’s financial difficulties, the Company makes concessions to the borrower that it would not otherwise consider. These modifications may include, among others, an extension for the term of the loan, and granting a period when interest-only payments can be made with the principal payments made over the remaining term of the loan or at maturity. The following tables present information on loans modified in troubled debt restructuring during the periods indicated and their balances immediately prior to the modification date and post-modification as of March 31, 2020 and 2019.
March 31, 2020 | Three Months Ended
|  |  |  |  |  |  | Defaulted TDRs 2
(In thousands) | Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Number of Loans |  | Post-Modification Outstanding Recorded Investment
Commercial real estate |  |  |  |  |  |  |  |  |
Commercial real estate other 1 | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | 1 |  |  | $ | 37 |
Residential real estate |  |  |  |  |  |  |  |  |
Home equity 1 | 2 |  |  | 121 |  |  | 121 |  |  | 1 |  |  | 87 |
Total | 2 |  |  | $ | 121 |  |  | $ | 121 |  |  | 2 |  |  | $ | 124 |
1 Represents the following concessions: extension of term and reduction of rate. 2 TDRs that defaulted during the three months ended March 31, 2020 that were restructured in the prior twelve months.
March 31, 2019 | Three Months Ended
|  |  |  |  |  |  | Defaulted TDRs 2
(In thousands) | Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Number of Loans |  | Post-Modification Outstanding Recorded Investment
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity 1 | 1 |  |  | $ | 168 |  |  | $ | 168 |  |  | 0 |  |  | $ | 0 |
Total | 1 |  |  | $ | 168 |  |  | $ | 168 |  |  | 0 |  |  | $ | 0 |
1 Represents the following concessions: extension of term and reduction of rate. 2 TDRs that defaulted during the three months ended March 31, 2019 that had been restructured in the prior twelve months. For customers affected by COVID-19, the Company implemented a loan payment deferral program to assist both consumer and business borrowers that may be experiencing financial hardship due to COVID-19. The current program allows for deferral of payments of principal and interest for up to 90 days and customers will be able to request a payment deferral through the middle of May 2020. The provisions of the CARES Act and recently issued interagency guidance issued by Federal banking regulators provided guidance and clarification related to modifications and deferral programs to assist borrowers who are negatively impacted by the COVID-19 national emergency. The guidance and clarifications detail certain provisions whereby banks are permitted to make deferrals and modifications to the terms of a loan which would not require the loan to be reported as a troubled debt restructuring. In accordance with the CARES Act and the interagency guidance, the Company elected to adopt the provisions to not report eligible loan modifications as troubled debt restructurings. The following table presents credit quality indicators by total loans amortized cost basis by origination year as of March 31, 2020.
(In thousands) | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total Loans
Commercial and Industrial - Other: |  |  |  |  |  |
Internal risk grade: |  |  |  |  |  |  |  |  |
Pass | $ | 42,295 |  | $ | 83,851 |  | $ | 71,313 |  | $ | 88,343 |  | $ | 46,007 |  | $ | 283,285 |  | $ | 260,678 |  | $ | 655 |  | $ | 876,427 |
Special Mention | 0 |  | 104 |  | 263 |  | 1,178 |  | 2,821 |  | 136 |  | 540 |  | 0 |  | 5,042 |
Substandard | 0 |  | 112 |  | 1,240 |  | 286 |  | 626 |  | 866 |  | 3,244 |  | 0 |  | 6,374 |
Total Commercial and Industrial - Other | $ | 42,295 |  | $ | 84,067 |  | $ | 72,816 |  | $ | 89,807 |  | $ | 49,454 |  | $ | 284,286 |  | $ | 264,462 |  | $ | 655 |  | $ | 887,843 |
Commercial and Industrial - Agriculture: |  |  |  |  |  |
Internal risk grade: |  |  |  |  |  |  |  |  |
Pass | $ | 1,520 |  | $ | 13,214 |  | $ | 14,996 |  | $ | 8,135 |  | $ | 5,170 |  | $ | 2,395 |  | $ | 38,484 |  | $ | 0 |  | $ | 83,914 |
Special Mention | 0 |  | 80 |  | 127 |  | 109 |  | 0 |  | 0 |  | 435 |  | 0 |  | 751 |
Substandard | 100 |  | 107 |  | 3 |  | 894 |  | 35 |  | 2,310 |  | 7,271 |  | 0 |  | 10,720 |
Total Commercial and Industrial - Agriculture | $ | 1,620 |  | $ | 13,401 |  | $ | 15,126 |  | $ | 9,138 |  | $ | 5,205 |  | $ | 4,705 |  | $ | 46,190 |  | $ | 0 |  | $ | 95,385 |
Commercial Real Estate |  |  |  |  |  |
Internal risk grade: |  |  |  |  |  |  |  |  |
Pass | $ | 99,145 |  | $ | 247,630 |  | $ | 239,644 |  | $ | 258,039 |  | $ | 340,595 |  | $ | 505,182 |  | $ | 381,049 |  | $ | 2,752 |  | $ | 2,074,036 |
Special Mention | 0 |  | 0 |  | 2,728 |  | 2,400 |  | 5,503 |  | 9,253 |  | 3,048 |  | 0 |  | 22,932 |
Substandard | 0 |  | 1,700 |  | 764 |  | 3,334 |  | 349 |  | 9,717 |  | 8,107 |  | 0 |  | 23,971 |
Total Commercial Real Estate | $ | 99,145 |  | $ | 249,330 |  | $ | 243,136 |  | $ | 263,773 |  | $ | 346,447 |  | $ | 524,152 |  | $ | 392,204 |  | $ | 2,752 |  | $ | 2,120,939 |
Commercial Real Estate - Agriculture: |  |  |  |  |  |
Internal risk grade: |  |  |  |  |  |  |  |  |
Pass | $ | 2,028 |  | $ | 30,493 |  | $ | 42,366 |  | $ | 23,728 |  | $ | 14,147 |  | $ | 39,835 |  | $ | 16,842 |  | $ | 448 |  | $ | 169,887 |
Special Mention | 1,510 |  | 0 |  | 2,418 |  | 120 |  | 1,264 |  | 361 |  | 11 |  | 0 |  | 5,684 |
Substandard | 0 |  | 1,618 |  | 558 |  | 3,169 |  | 4,356 |  | 912 |  | 877 |  | 0 |  | 11,490 |
Total Commercial Real Estate - Agriculture | $ | 3,538 |  | $ | 32,111 |  | $ | 45,342 |  | $ | 27,017 |  | $ | 19,767 |  | $ | 41,108 |  | $ | 17,730 |  | $ | 448 |  | $ | 187,061 |
Commercial Real Estate - Construction |  |  |  |  |  |
Internal risk grade: |  |  |  |  |  |  |  |  |
Pass | $ | 1,194 |  | $ | 22,565 |  | $ | 9,552 |  | $ | 3,011 |  | $ | 2,165 |  | $ | 4,169 |  | $ | 121,760 |  | $ | 983 |  | $ | 165,399 |
Special Mention | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 603 |  | 2,109 |  | 0 |  | 2,712 |
Substandard | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 339 |  | 0 |  | 0 |  | 339 |
Total Commercial Real Estate - Construction | $ | 1,194 |  | $ | 22,565 |  | $ | 9,552 |  | $ | 3,011 |  | $ | 2,165 |  | $ | 5,111 |  | $ | 123,869 |  | $ | 983 |  | $ | 168,450 |
The following table presents credit quality indicators by total loans amortized cost basis by origination year as of March 31, 2020, continued.
(In thousands) | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total Loans
Residential - Home Equity |  |  |  |  |  |  |  |  |
Performing | $ | 3,948 |  | $ | 28,694 |  | $ | 23,181 |  | $ | 25,332 |  | $ | 21,014 |  | $ | 40,444 |  | $ | 70,006 |  | $ | 406 |  | $ | 213,025 |
Nonperforming | 0 |  | 19 |  | 67 |  | 0 |  | 0 |  | 528 |  | 2,101 |  | 0 |  | 2,715 |
Total Residential - Home Equity | $ | 3,948 |  | $ | 28,713 |  | $ | 23,248 |  | $ | 25,332 |  | $ | 21,014 |  | $ | 40,972 |  | $ | 72,107 |  | $ | 406 |  | $ | 215,740 |
Residential - Mortgages |  |  |  |  |  |  |  |  |
Performing | $ | 56,373 |  | $ | 205,326 |  | $ | 146,568 |  | $ | 191,872 |  | $ | 207,389 |  | $ | 159,262 |  | $ | 200,151 |  | $ | 204 |  | $ | 1,167,145 |
Nonperforming | 0 |  | 266 |  | 406 |  | 453 |  | 1,291 |  | 2,385 |  | 4,027 |  | 0 |  | 8,828 |
Total Residential - Mortgages | $ | 56,373 |  | $ | 205,592 |  | $ | 146,974 |  | $ | 192,325 |  | $ | 208,680 |  | $ | 161,647 |  | $ | 204,178 |  | $ | 204 |  | $ | 1,175,973 |
Consumer - Direct |  |  |  |  |  |  |  |  |
Performing | $ | 4,186 |  | $ | 16,392 |  | $ | 10,746 |  | $ | 9,326 |  | $ | 4,812 |  | $ | 11,230 |  | $ | 4,350 |  | $ | 0 |  | $ | 61,042 |
Nonperforming | 0 |  | 47 |  | 44 |  | 10 |  | 0 |  | 18 |  | 0 |  | 0 |  | 119 |
Total Consumer - Direct | $ | 4,186 |  | $ | 16,439 |  | $ | 10,790 |  | $ | 9,336 |  | $ | 4,812 |  | $ | 11,248 |  | $ | 4,350 |  | $ | 0 |  | $ | 61,161 |
Consumer - Indirect |  |  |  |  |  |  |  |  |
Performing | $ | 616 |  | $ | 2,904 |  | $ | 4,886 |  | $ | 2,001 |  | $ | 895 |  | $ | 422 |  | $ | 0 |  | $ | 0 |  | $ | 11,724 |
Nonperforming | 0 |  | 57 |  | 25 |  | 6 |  | 39 |  | 20 |  | 0 |  | 0 |  | 147 |
Total Consumer Indirect | $ | 616 |  | $ | 2,961 |  | $ | 4,911 |  | $ | 2,007 |  | $ | 934 |  | $ | 442 |  | $ | 0 |  | $ | 0 |  | $ | 11,871 |
The following tables present credit quality indicators (internal risk grade) by class of commercial and industrial loans and commercial real estate loans as of December 31, 2019.
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Commercial and Industrial Other |  | Commercial and Industrial Agriculture |  | Commercial Real Estate Other |  | Commercial Real Estate Agriculture |  | Commercial Real Estate Construction |  | Total
Originated Loans and Leases
Internal risk grade: |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 851,517 |  |  | $ | 89,892 |  |  | $ | 1,857,142 |  |  | $ | 166,888 |  |  | $ | 212,302 |  |  | $ | 3,177,741 |
Special Mention | 8,306 |  |  | 1,698 |  |  | 16,623 |  |  | 3,173 |  |  | 0 |  |  | 29,800 |
Substandard | 3,376 |  |  | 14,196 |  |  | 25,880 |  |  | 14,640 |  |  | 0 |  |  | 58,092 |
Total | $ | 863,199 |  |  | $ | 105,786 |  |  | $ | 1,899,645 |  |  | $ | 184,701 |  |  | $ | 212,302 |  |  | $ | 3,265,633 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Commercial and Industrial Other |  | Commercial and Industrial Agriculture |  | Commercial Real Estate Other |  | Commercial Real Estate Agriculture |  | Commercial Real Estate Construction |  | Total
Acquired Loans and Leases
Internal risk grade: |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 38,879 |  |  | $ | 0 |  |  | $ | 143,175 |  |  | $ | 197 |  |  | $ | 1,335 |  |  | $ | 183,586 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Substandard | 197 |  |  | 0 |  |  | 2,210 |  |  | 0 |  |  | 0 |  |  | 2,407 |
Total | $ | 39,076 |  |  | $ | 0 |  |  | $ | 145,385 |  |  | $ | 197 |  |  | $ | 1,335 |  |  | $ | 185,993 |
The following tables present credit quality indicators by class of residential real estate loans and by class of consumer loans. Nonperforming loans include nonaccrual, impaired, and loans 90 days past due and accruing interest. All other loans are considered performing as of December 31, 2019. For purposes of this footnote, acquired loans that were recorded at fair value at the acquisition date and are 90 days or greater past due are considered performing.
December 31, 2019
(In thousands) | Residential Home Equity |  | Residential Mortgages |  | Consumer Indirect |  | Consumer Other |  | Total
Originated Loans and Leases |  |  |  |  |  |  |  |  |
Performing | $ | 201,970 |  |  | $ | 1,133,237 |  |  | $ | 12,847 |  |  | $ | 60,503 |  |  | $ | 1,408,557 |
Nonperforming | 1,924 |  |  | 7,335 |  |  | 117 |  |  | 158 |  |  | 9,534 |
Total | $ | 203,894 |  |  | $ | 1,140,572 |  |  | $ | 12,964 |  |  | $ | 60,661 |  |  | $ | 1,418,091 |
December 31, 2019
(In thousands) | Residential Home Equity |  | Residential Mortgages |  | Consumer Indirect |  | Consumer Other |  | Total
Acquired Loans and Leases |  |  |  |  |  |  |  |  |
Performing | $ | 14,479 |  |  | $ | 17,269 |  |  | $ | 0 |  |  | $ | 785 |  |  | $ | 32,533 |
Nonperforming | 872 |  |  | 751 |  |  | 0 |  |  | 0 |  |  | 1,623 |
Total | $ | 15,351 |  |  | $ | 18,020 |  |  | $ | 0 |  |  | $ | 785 |  |  | $ | 34,156 |

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