XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.20.2

COVID-19 and CARES Act Loan Activities | 9 Months Ended
--- | ---
Sep. 30, 2020
COVID-19 and CARES Act Loan Activities [Abstract] |
COVID-19 and CARES Act Loan Activities | Note 11 – COVID-19 and CARES Act Loan Activities We continue working through the COVID-19 pandemic. Through September 30, 2020, we have approved 3,274 CARES Act loan deferrals totaling $716 million, consisting of 829 commercial loan deferrals totaling $621 million, 500 residential loan deferrals totaling $60 million, and 1,945 consumer loan deferrals totaling $36 million, in addition to 73 serviced loan deferrals, pursuant to Freddie Mac guidelines, totaling $9.2 million. We also had 189 customers who had previously received CARES Act loan deferrals that have requested payment deferral for a second time. Those deferrals total $211 million. Five customers have requested payment deferral for a third time. Those deferrals total $1 million. These loan deferrals and modifications have been executed consistent with the guidelines of the CARES Act. Pursuant to the CARES Act, these loan deferrals are not included in our nonperforming loans disclosed below. The following table provides additional details regarding the types of deferrals received and the repayment status of those loans. CARES Act Loan Deferral Status
|  | Deferrals |  |  |  |
|  | One Time |  |  | Two Times |  |  | Three Times |  |  | Resumed Payments |
(dollars in thousands) |  | Number |  |  | Amount |  |  | Number |  |  | Amount |  |  | Number |  |  | Amount |  |  | Number |  |  | Amount |
Commercial |  |  | 829 |  |  | $ | 620,509 |  |  |  | 125 |  |  | $ | 203,431 |  |  |  | 4 |  |  | $ | 1,365 |  |  |  | 617 |  |  | $ | 435,296 |
Mortgage |  |  | 500 |  |  |  | 59,660 |  |  |  | 59 |  |  |  | 7,026 |  |  |  | 1 |  |  |  | 27 |  |  |  | 290 |  |  |  | 37,778 |
Consumer |  |  | 1,945 |  |  |  | 35,629 |  |  |  | 5 |  |  |  | 81 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,646 |  |  |  | 31,171 |
|  |  | 3,274 |  |  | $ | 715,798 |  |  |  | 189 |  |  | $ | 210,538 |  |  |  | 5 |  |  | $ | 1,392 |  |  |  | 2,553 |  |  | $ | 504,245 |
Also, we have continued participating in the Paycheck Protection Program (PPP) stemming from the CARES Act passed by Congress as a stimulus response to the potential economic impacts of COVID-19. As of September 30, 2020, we have closed 2,962 PPP loans totaling $277.0 million. Of these, 2,817 are under $350 thousand, 132 are between $350 thousand and $2.0 million, and 13 are over $2.0 million. The PPP program expired on August 8, 2020, and no additional loans may be made under the program. Loan forgiveness began in August 2020. In October 2020, the U.S. Small Business Administration (SBA) released an updated loan forgiveness application for PPP loans of $50,000 or less. We currently have 2,031 PPP loans totaling $37.7 million that fall within this category. Our customers have begun the loan forgiveness application process; however, the timing regarding SBA forgiveness remains a significant unknown.

X
- References No definition available. + Details
Name: | us-gaap_ExtraordinaryAndUnusualItemsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for an event or transaction that is unusual in nature or infrequent in occurrence, or both. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=114868817 + Details
Name: | us-gaap_UnusualOrInfrequentItemsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration