XML 38 R28.htm IDEA: XBRL DOCUMENT v3.21.2
Loans and Allowance for Loan and Lease Losses (Tables)
 9 Months Ended
Sep. 30, 2021
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Type of Loan Portfolio Summarized by the Aggregate Risk Rating

As of September 30, 2021 and December 31, 2020, the types of loans in Mid Penn’s portfolio, summarized using Mid Penn’s internal risk rating system between those rated “pass” (net of deferred fees and costs of $10,676,000 as of September 30, 2021 and $9,084,000 as of December 31, 2020), which comprise the vast majority of the portfolio, and those classified as “special mention” and “substandard”, are as follows:

 

(Dollars in thousands)

 

 

 

Special

 

 

 

 

 

 

September 30, 2021

 

Pass

 

 

Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

620,219

 

 

$

9,957

 

 

$

2,504

 

 

$

632,680

 

Commercial real estate

 

 

1,126,698

 

 

 

6,926

 

 

 

7,721

 

 

 

1,141,345

 

Commercial real estate - construction

 

 

313,854

 

 

 

581

 

 

 

22

 

 

 

314,457

 

Residential mortgage

 

 

193,831

 

 

 

103

 

 

 

1,702

 

 

 

195,636

 

Home equity

 

 

75,338

 

 

 

—

 

 

 

2,674

 

 

 

78,012

 

Consumer

 

 

8,299

 

 

 

—

 

 

 

—

 

 

 

8,299

 

 

 

$

2,338,239

 

 

$

17,567

 

 

$

14,623

 

 

$

2,370,429

 

 

(Dollars in thousands)

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

December 31, 2020

 

Pass

 

 

Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

739,306

 

 

$

9,928

 

 

$

3,120

 

 

$

752,354

 

Commercial real estate

 

 

1,084,123

 

 

 

1,708

 

 

 

13,825

 

 

 

1,099,656

 

Commercial real estate - construction

 

 

248,882

 

 

 

—

 

 

 

31

 

 

 

248,913

 

Residential mortgage

 

 

200,544

 

 

 

53

 

 

 

1,244

 

 

 

201,841

 

Home equity

 

 

71,856

 

 

 

3

 

 

 

2,365

 

 

 

74,224

 

Consumer

 

 

7,053

 

 

 

—

 

 

 

—

 

 

 

7,053

 

 

 

$

2,351,764

 

 

$

11,692

 

 

$

20,585

 

 

$

2,384,041

 
Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of September 30, 2021 and December 31, 2020 are summarized as follows:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

(Dollars in thousands)

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

 

Recorded Investment

 

 

Unpaid Principal Balance

 

 

Related Allowance

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

5

 

 

$

36

 

 

$

—

 

 

$

899

 

 

$

931

 

 

$

—

 

Commercial real estate

 

 

920

 

 

 

1,309

 

 

 

—

 

 

 

8,215

 

 

 

8,574

 

 

 

—

 

Commercial real estate - construction

 

 

22

 

 

 

27

 

 

 

—

 

 

 

31

 

 

 

34

 

 

 

—

 

Residential mortgage

 

 

1,276

 

 

 

1,309

 

 

 

—

 

 

 

818

 

 

 

842

 

 

 

—

 

Home equity

 

 

2,420

 

 

 

2,423

 

 

 

—

 

 

 

2,365

 

 

 

2,395

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Commercial real estate

 

 

1,355

 

 

 

1,590

 

 

 

—

 

 

 

1,419

 

 

 

1,693

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

273

 

 

 

620

 

 

 

—

 

 

 

323

 

 

 

568

 

 

 

—

 

Home equity

 

 

—

 

 

 

11

 

 

 

—

 

 

 

—

 

 

 

13

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

216

 

 

$

247

 

 

$

69

 

 

$

553

 

 

$

574

 

 

$

533

 

Commercial real estate

 

 

294

 

 

 

363

 

 

 

129

 

 

 

887

 

 

 

994

 

 

 

274

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

221

 

 

$

283

 

 

$

69

 

 

$

1,452

 

 

$

1,505

 

 

$

533

 

Commercial real estate

 

 

2,569

 

 

 

3,262

 

 

 

129

 

 

 

10,521

 

 

 

11,261

 

 

 

274

 

Commercial real estate - construction

 

 

22

 

 

 

27

 

 

 

—

 

 

 

31

 

 

 

34

 

 

 

—

 

Residential mortgage

 

 

1,549

 

 

 

1,929

 

 

 

—

 

 

 

1,141

 

 

 

1,410

 

 

 

—

 

Home equity

 

 

2,420

 

 

 

2,434

 

 

 

—

 

 

 

2,365

 

 

 

2,408

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 
Average Recorded Investment Of Impaired Loans And Related Interest Income By Loan Portfolio Class

The average recorded investment of impaired loans and related interest income recognized for the three and nine months ended September 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2020

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

5

 

 

$

—

 

 

$

932

 

 

$

—

 

Commercial real estate

 

 

938

 

 

 

—

 

 

 

7,171

 

 

 

5

 

Commercial real estate - construction

 

 

23

 

 

 

—

 

 

 

32

 

 

 

—

 

Residential mortgage

 

 

1,018

 

 

 

6

 

 

 

805

 

 

 

6

 

Home equity

 

 

2,379

 

 

 

—

 

 

 

2,396

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Commercial real estate

 

 

1,368

 

 

 

—

 

 

 

1,428

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

281

 

 

 

—

 

 

 

347

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

217

 

 

$

—

 

 

$

130

 

 

$

—

 

Commercial real estate

 

 

1,503

 

 

 

—

 

 

 

560

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

222

 

 

$

—

 

 

$

1,062

 

 

$

—

 

Commercial real estate

 

 

3,809

 

 

 

—

 

 

 

9,159

 

 

 

5

 

Commercial real estate - construction

 

 

23

 

 

 

—

 

 

 

32

 

 

 

—

 

Residential mortgage

 

 

1,299

 

 

 

6

 

 

 

1,152

 

 

 

6

 

Home equity

 

 

2,379

 

 

 

—

 

 

 

2,396

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 


 

 

 

Nine Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2020

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

379

 

 

$

—

 

 

$

911

 

 

$

—

 

Commercial real estate

 

 

2,671

 

 

 

1

 

 

 

7,325

 

 

 

5

 

Commercial real estate - construction

 

 

27

 

 

 

—

 

 

 

36

 

 

 

—

 

Residential mortgage

 

 

902

 

 

 

20

 

 

 

794

 

 

 

19

 

Home equity

 

 

2,364

 

 

 

—

 

 

 

1,210

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

1

 

 

$

—

 

Commercial real estate

 

 

1,383

 

 

 

—

 

 

 

1,423

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

291

 

 

 

—

 

 

 

361

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

187

 

 

$

—

 

 

$

67

 

 

$

—

 

Commercial real estate

 

 

1,192

 

 

 

—

 

 

 

530

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

566

 

 

$

—

 

 

$

979

 

 

$

—

 

Commercial real estate

 

 

5,246

 

 

 

1

 

 

 

9,278

 

 

 

5

 

Commercial real estate - construction

 

 

27

 

 

 

—

 

 

 

36

 

 

 

—

 

Residential mortgage

 

 

1,193

 

 

 

20

 

 

 

1,155

 

 

 

19

 

Home equity

 

 

2,364

 

 

 

—

 

 

 

1,211

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 
Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration

 

Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of September 30, 2021 and December 31, 2020 are summarized as follows:

 

(Dollars in thousands)

 

September 30, 2021

 

 

December 31, 2020

 

Commercial and industrial

 

$

221

 

 

$

1,452

 

Commercial real estate

 

 

2,569

 

 

 

10,520

 

Commercial real estate - construction

 

 

22

 

 

 

31

 

Residential mortgage

 

 

1,107

 

 

 

679

 

Home equity

 

 

2,420

 

 

 

2,365

 

 

 

$

6,339

 

 

$

15,047

 
Loan Portfolio Summarized by the Past Due Status The classes of the loan portfolio summarized by the past due status as of September 30, 2021 and December 31, 2020 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

September 30, 2021

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

360

 

 

$

25

 

 

$

196

 

 

$

581

 

 

$

632,099

 

 

$

632,680

 

 

$

—

 

Commercial real estate

 

 

79

 

 

 

32

 

 

 

779

 

 

 

890

 

 

 

1,139,100

 

 

 

1,139,990

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

314,457

 

 

 

314,457

 

 

 

—

 

Residential mortgage

 

 

64

 

 

 

3

 

 

 

799

 

 

 

866

 

 

 

194,497

 

 

 

195,363

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

2,321

 

 

 

2,321

 

 

 

75,691

 

 

 

78,012

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8,299

 

 

 

8,299

 

 

 

—

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate

 

 

—

 

 

 

—

 

 

 

1,349

 

 

 

1,349

 

 

 

6

 

 

 

1,355

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

135

 

 

 

135

 

 

 

138

 

 

 

273

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

503

 

 

$

60

 

 

$

5,579

 

 

$

6,142

 

 

$

2,364,287

 

 

$

2,370,429

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

December 31, 2020

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

365

 

 

$

1,017

 

 

$

1,377

 

 

$

2,759

 

 

$

749,595

 

 

$

752,354

 

 

$

—

 

Commercial real estate

 

 

1,096

 

 

 

—

 

 

 

7,668

 

 

 

8,764

 

 

 

1,089,473

 

 

 

1,098,237

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

248,913

 

 

 

248,913

 

 

 

—

 

Residential mortgage

 

 

126

 

 

 

—

 

 

 

282

 

 

 

408

 

 

 

201,110

 

 

 

201,518

 

 

 

—

 

Home equity

 

 

71

 

 

 

22

 

 

 

2,343

 

 

 

2,436

 

 

 

71,788

 

 

 

74,224

 

 

 

—

 

Consumer

 

 

—

 

 

 

6

 

 

 

—

 

 

 

6

 

 

 

7,047

 

 

 

7,053

 

 

 

—

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate

 

 

9

 

 

 

—

 

 

 

1,402

 

 

 

1,411

 

 

 

8

 

 

 

1,419

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

168

 

 

 

168

 

 

 

155

 

 

 

323

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

1,667

 

 

$

1,045

 

 

$

13,240

 

 

$

15,952

 

 

$

2,368,089

 

 

$

2,384,041

 

 

$

—

 
Allowance and Recorded Investment in Financing Receivables

The following tables summarize the allowance and recorded investments in loans receivable.

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

three months ended,

September 30, 2021

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2021

 

$

3,165

 

 

$

9,977

 

 

$

130

 

 

$

499

 

 

$

588

 

 

$

2

 

 

$

355

 

 

$

14,716

 

Charge-offs

 

 

—

 

 

 

(1,043

)

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

(11

)

 

 

—

 

 

 

(1,057

)

Recoveries

 

 

1

 

 

 

140

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

149

 

Provisions (credits)

 

 

204

 

 

 

(112

)

 

 

3

 

 

 

(8

)

 

 

15

 

 

 

5

 

 

 

318

 

 

 

425

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2021

 

$

3,370

 

 

$

8,962

 

 

$

133

 

 

$

490

 

 

$

603

 

 

$

2

 

 

$

673

 

 

$

14,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

nine months ended,

September 30, 2021

 

Commercial

and

industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2021

 

$

3,066

 

 

$

8,655

 

 

$

134

 

 

$

429

 

 

$

507

 

 

$

1

 

 

$

590

 

 

$

13,382

 

Charge-offs

 

 

(859

)

 

 

(1,043

)

 

 

(23

)

 

 

(13

)

 

 

—

 

 

 

(23

)

 

 

—

 

 

 

(1,961

)

Recoveries

 

 

2

 

 

 

206

 

 

 

—

 

 

 

13

 

 

 

—

 

 

 

16

 

 

 

—

 

 

 

237

 

Provisions

 

 

1,161

 

 

 

1,144

 

 

 

22

 

 

 

61

 

 

 

96

 

 

 

8

 

 

 

83

 

 

 

2,575

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2021

 

 

3,370

 

 

 

8,962

 

 

 

133

 

 

 

490

 

 

 

603

 

 

 

2

 

 

 

673

 

 

 

14,233

 

Individually evaluated for impairment

 

 

69

 

 

 

129

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

198

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collectively evaluated for impairment

 

$

3,301

 

 

$

8,833

 

 

$

133

 

 

$

490

 

 

$

603

 

 

$

2

 

 

$

673

 

 

$

14,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

632,680

 

 

$

1,141,345

 

 

$

314,457

 

 

$

195,636

 

 

$

78,012

 

 

$

8,299

 

 

$

—

 

 

$

2,370,429

 

Ending balance: individually evaluated for impairment

 

 

221

 

 

 

1,214

 

 

 

22

 

 

 

1,276

 

 

 

2,420

 

 

 

—

 

 

 

—

 

 

 

5,153

 

Ending balance: acquired with credit deterioration

 

 

—

 

 

 

1,355

 

 

 

—

 

 

 

273

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,628

 

Ending balance: collectively evaluated for impairment

 

$

632,459

 

 

$

1,138,776

 

 

$

314,435

 

 

$

194,087

 

 

$

75,592

 

 

$

8,299

 

 

$

—

 

 

$

2,363,648

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

Commercial

and

industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

3,066

 

 

$

8,655

 

 

$

134

 

 

$

429

 

 

$

507

 

 

$

1

 

 

$

590

 

 

$

13,382

 

Ending balance: individually evaluated for impairment

 

 

533

 

 

 

274

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

807

 

Ending balance: collectively evaluated for impairment

 

$

2,533

 

 

$

8,381

 

 

$

134

 

 

$

429

 

 

$

507

 

 

$

1

 

 

$

590

 

 

$

12,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

752,354

 

 

$

1,099,656

 

 

$

248,913

 

 

$

201,841

 

 

$

74,224

 

 

$

7,053

 

 

$

—

 

 

$

2,384,041

 

Ending balance: individually evaluated for impairment

 

 

1,452

 

 

 

9,102

 

 

 

31

 

 

 

818

 

 

 

2,365

 

 

 

—

 

 

 

—

 

 

 

13,768

 

Ending balance: acquired with credit deterioration

 

 

—

 

 

 

1,419

 

 

 

—

 

 

 

323

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,742

 

Ending balance: collectively evaluated for impairment

 

$

750,902

 

 

$

1,089,135

 

 

$

248,882

 

 

$

200,700

 

 

$

71,859

 

 

$

7,053

 

 

$

—

 

 

$

2,368,531

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

three months ended,

September 30, 2020

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2020

 

$

2,786

 

 

$

7,241

 

 

$

65

 

 

$

427

 

 

$

517

 

 

$

2

 

 

$

29

 

 

$

11,067

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4

)

 

 

—

 

 

 

(4

)

 

 

—

 

 

 

(8

)

Recoveries

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11

 

 

 

—

 

 

 

11

 

Provisions (credits)

 

 

138

 

 

 

529

 

 

 

(4

)

 

 

47

 

 

 

14

 

 

 

(7

)

 

 

383

 

 

 

1,100

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

$

2,924

 

 

$

7,770

 

 

$

61

 

 

$

470

 

 

$

531

 

 

$

2

 

 

$

412

 

 

$

12,170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

nine months ended,

September 30, 2020

 

Commercial and industrial

 

 

Commercial real estate

 

 

Commercial real estate - construction

 

 

Residential mortgage

 

 

Home equity

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2020

 

 

2,341

 

 

 

6,259

 

 

 

51

 

 

 

417

 

 

 

442

 

 

 

2

 

 

 

3

 

 

$

9,515

 

Charge-offs

 

 

(45

)

 

 

—

 

 

 

(7

)

 

 

(4

)

 

 

—

 

 

 

(22

)

 

 

—

 

 

 

(78

)

Recoveries

 

 

2

 

 

 

1

 

 

 

2

 

 

 

3

 

 

 

1

 

 

 

24

 

 

 

—

 

 

 

33

 

Provisions (credits)

 

 

626

 

 

 

1,510

 

 

 

15

 

 

 

54

 

 

 

88

 

 

 

(2

)

 

 

409

 

 

 

2,700

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

 

2,924

 

 

 

7,770

 

 

 

61

 

 

 

470

 

 

 

531

 

 

 

2

 

 

 

412

 

 

 

12,170

 

Individually evaluated for impairment

 

 

41

 

 

 

141

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

182

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

2,883

 

 

$

7,629

 

 

$

61

 

 

$

470

 

 

$

531

 

 

$

2

 

 

$

412

 

 

$

11,988

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

968,875

 

 

$

1,021,418

 

 

$

238,208

 

 

$

215,589

 

 

$

70,400

 

 

$

7,337

 

 

$

—

 

 

$

2,521,827

 

Ending balance: individually evaluated for impairment

 

 

912

 

 

 

7,434

 

 

 

32

 

 

 

834

 

 

 

2,386

 

 

 

—

 

 

 

—

 

 

 

11,598

 

Ending balance: acquired with credit deterioration

 

 

—

 

 

 

1,426

 

 

 

—

 

 

 

342

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,768

 

Ending balance: collectively evaluated for impairment

 

$

967,963

 

 

$

1,012,558

 

 

$

238,176

 

 

$

214,413

 

 

$

68,014

 

 

$

7,337

 

 

$

—

 

 

$

2,508,461

 

 

 
Troubled Debt Restructurings

The recorded investments in troubled debt restructured loans at September 30, 2021 and December 31, 2020 are as follows:

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

September 30, 2021

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial and industrial

$

8

 

 

$

8

 

 

$

5

 

Commercial real estate

 

1,214

 

 

 

1,115

 

 

 

339

 

Commercial real estate - construction

 

40

 

 

 

40

 

 

 

22

 

Residential mortgage

 

647

 

 

 

645

 

 

 

481

 

 

$

1,909

 

 

$

1,808

 

 

$

847

 

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2020

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial and industrial

$

8

 

 

$

8

 

 

$

6

 

Commercial real estate

 

1,806

 

 

 

1,707

 

 

 

933

 

Commercial real estate - construction

 

40

 

 

 

40

 

 

 

31

 

Residential mortgage

 

728

 

 

 

725

 

 

 

510

 

 

$

2,582

 

 

$

2,480

 

 

$

1,480

 

 

 
Schedule of Accretion of Purchased Impaired Loan

The following tables provide activity for the accretable yield of acquired impaired loans from the Phoenix (March 2015), Scottdale (January 2018), and First Priority (July 2018) acquisitions for the three and nine months ended September 30, 2021 and 2020.

 

(Dollars in thousands)

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

Accretable yield, beginning of period

 

$

40

 

 

$

56

 

Accretable yield amortized to interest income

 

 

—

 

 

 

(7

)

Accretable yield, end of period

 

$

40

 

 

$

49

 

 

(Dollars in thousands)

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

Accretable yield, beginning of period

 

$

40

 

 

$

89

 

Accretable yield amortized to interest income

 

 

—

 

 

 

(40

)

Accretable yield, end of period

 

$

40

 

 

$

49