XML 35 R26.htm IDEA: XBRL DOCUMENT v3.22.2
Loans and Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Jun. 30, 2022
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Type of Loan Portfolio Summarized by the Aggregate Risk Rating

As of June 30, 2022 and December 31, 2021, 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 $3,146,000 as of June 30, 2022 and $6,264,000 as of December 31, 2021), which comprise the vast majority of the portfolio, and those classified as “special mention” and “substandard”, are as follows:

 

(Dollars in thousands)

 

 

 

Special

 

 

 

 

 

 

June 30, 2022

 

Pass

 

 

Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

536,391

 

 

$

11,014

 

 

$

2,476

 

 

$

549,881

 

Commercial real estate

 

 

1,781,062

 

 

 

16,849

 

 

 

28,033

 

 

 

1,825,944

 

Commercial real estate - construction

 

 

374,888

 

 

 

—

 

 

 

1,229

 

 

 

376,117

 

Residential mortgage

 

 

296,636

 

 

 

204

 

 

 

3,496

 

 

 

300,336

 

Home equity

 

 

117,106

 

 

 

507

 

 

 

866

 

 

 

118,479

 

Consumer

 

 

9,276

 

 

 

—

 

 

 

—

 

 

 

9,276

 

 

 

$

3,115,359

 

 

$

28,574

 

 

$

36,100

 

 

$

3,180,033

 

 

(Dollars in thousands)

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

December 31, 2021

 

Pass

 

 

Mention

 

 

Substandard

 

 

Total

 

Commercial and industrial

 

$

606,484

 

 

$

10,321

 

 

$

2,757

 

 

$

619,562

 

Commercial real estate

 

 

1,601,196

 

 

 

35,508

 

 

 

31,438

 

 

 

1,668,142

 

Commercial real estate - construction

 

 

371,337

 

 

 

—

 

 

 

1,397

 

 

 

372,734

 

Residential mortgage

 

 

319,862

 

 

 

294

 

 

 

3,067

 

 

 

323,223

 

Home equity

 

 

106,853

 

 

 

534

 

 

 

2,919

 

 

 

110,306

 

Consumer

 

 

10,429

 

 

 

—

 

 

 

—

 

 

 

10,429

 

 

 

$

3,016,161

 

 

$

46,657

 

 

$

41,578

 

 

$

3,104,396

 
Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of June 30, 2022 and December 31, 2021 are summarized as follows:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

(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

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

31

 

 

$

—

 

Commercial real estate

 

 

637

 

 

 

1,038

 

 

 

—

 

 

 

854

 

 

 

1,243

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

5

 

 

 

—

 

 

 

22

 

 

 

27

 

 

 

—

 

Residential mortgage

 

 

1,314

 

 

 

1,355

 

 

 

—

 

 

 

1,259

 

 

 

1,295

 

 

 

—

 

Home equity

 

 

99

 

 

 

99

 

 

 

—

 

 

 

2,377

 

 

 

2,377

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Commercial real estate

 

 

2,109

 

 

 

2,123

 

 

 

—

 

 

 

2,231

 

 

 

2,909

 

 

 

—

 

Commercial real estate - construction

 

 

1,221

 

 

 

1,467

 

 

 

—

 

 

 

1,196

 

 

 

1,469

 

 

 

—

 

Residential mortgage

 

 

1,285

 

 

 

1,771

 

 

 

—

 

 

 

1,362

 

 

 

1,847

 

 

 

—

 

Home equity

 

 

85

 

 

 

105

 

 

 

—

 

 

 

86

 

 

 

111

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

507

 

 

$

538

 

 

$

118

 

 

$

308

 

 

$

339

 

 

$

67

 

Commercial real estate

 

 

1,469

 

 

 

688

 

 

 

892

 

 

 

287

 

 

 

359

 

 

 

121

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

507

 

 

$

538

 

 

$

118

 

 

$

308

 

 

$

370

 

 

$

67

 

Commercial real estate

 

 

4,215

 

 

 

3,849

 

 

 

892

 

 

 

3,372

 

 

 

4,511

 

 

 

121

 

Commercial real estate - construction

 

 

1,221

 

 

 

1,472

 

 

 

—

 

 

 

1,218

 

 

 

1,496

 

 

 

—

 

Residential mortgage

 

 

2,599

 

 

 

3,126

 

 

 

—

 

 

 

2,621

 

 

 

3,142

 

 

 

—

 

Home equity

 

 

184

 

 

 

204

 

 

 

—

 

 

 

2,463

 

 

 

2,488

 

 

 

—

 

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 six months ended June 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2022

 

 

June 30, 2021

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

72

 

 

$

—

 

Commercial real estate

 

 

604

 

 

 

—

 

 

 

778

 

 

 

1

 

Commercial real estate - construction

 

 

211

 

 

 

—

 

 

 

26

 

 

 

—

 

Residential mortgage

 

 

1,392

 

 

 

6

 

 

 

759

 

 

 

6

 

Home equity

 

 

99

 

 

 

100

 

 

 

2,336

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Commercial real estate

 

 

2,147

 

 

 

—

 

 

 

1,398

 

 

 

—

 

Commercial real estate - construction

 

 

1,205

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

1,335

 

 

 

—

 

 

 

300

 

 

 

—

 

Home equity

 

 

85

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

503

 

 

$

—

 

 

$

221

 

 

$

—

 

Commercial real estate

 

 

735

 

 

 

—

 

 

 

1,793

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

503

 

 

$

—

 

 

$

293

 

 

$

—

 

Commercial real estate

 

 

3,486

 

 

 

—

 

 

 

3,969

 

 

 

1

 

Commercial real estate - construction

 

 

1,416

 

 

 

—

 

 

 

26

 

 

 

—

 

Residential mortgage

 

 

2,727

 

 

 

6

 

 

 

1,059

 

 

 

6

 

Home equity

 

 

184

 

 

 

100

 

 

 

2,336

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

June 30, 2022

 

 

June 30, 2021

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

502

 

 

$

—

 

Commercial real estate

 

 

719

 

 

 

—

 

 

 

3,257

 

 

 

1

 

Commercial real estate - construction

 

 

148

 

 

 

—

 

 

 

28

 

 

 

—

 

Residential mortgage

 

 

1,379

 

 

 

12

 

 

 

778

 

 

 

14

 

Home equity

 

 

858

 

 

 

184

 

 

 

2,346

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded and acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Commercial real estate

 

 

1,948

 

 

 

—

 

 

 

1,406

 

 

 

—

 

Commercial real estate - construction

 

 

1,214

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

1,294

 

 

 

—

 

 

 

309

 

 

 

—

 

Home equity

 

 

84

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

513

 

 

$

—

 

 

$

177

 

 

$

—

 

Commercial real estate

 

 

596

 

 

 

—

 

 

 

1,491

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

513

 

 

$

—

 

 

$

679

 

 

$

—

 

Commercial real estate

 

 

3,263

 

 

 

—

 

 

 

6,154

 

 

 

1

 

Commercial real estate - construction

 

 

1,362

 

 

 

—

 

 

 

28

 

 

 

—

 

Residential mortgage

 

 

2,673

 

 

 

12

 

 

 

1,087

 

 

 

14

 

Home equity

 

 

942

 

 

 

184

 

 

 

2,346

 

 

 

—

 

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 June 30, 2022 and December 31, 2021 are summarized as follows:

 

(Dollars in thousands)

 

June 30, 2022

 

 

December 31, 2021

 

Commercial and industrial

 

$

1,357

 

 

$

308

 

Commercial real estate

 

 

2,297

 

 

 

3,372

 

Commercial real estate - construction

 

 

1,229

 

 

 

1,218

 

Residential mortgage

 

 

2,164

 

 

 

2,186

 

Home equity

 

 

504

 

 

 

2,463

 

 

 

$

7,551

 

 

$

9,547

 
Loan Portfolio Summarized by the Past Due Status The classes of the loan portfolio summarized by the past due status as of June 30, 2022 and December 31, 2021 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

 

June 30, 2022

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

3,265

 

 

$

694

 

 

$

507

 

 

$

4,466

 

 

$

545,415

 

 

$

549,881

 

 

$

—

 

Commercial real estate

 

 

75

 

 

 

—

 

 

 

512

 

 

 

587

 

 

 

1,823,248

 

 

 

1,823,835

 

 

 

—

 

Commercial real estate - construction

 

 

226

 

 

 

—

 

 

 

—

 

 

 

226

 

 

 

374,670

 

 

 

374,896

 

 

 

—

 

Residential mortgage

 

 

484

 

 

 

99

 

 

 

917

 

 

 

1,500

 

 

 

297,551

 

 

 

299,051

 

 

 

—

 

Home equity

 

 

76

 

 

 

167

 

 

 

351

 

 

 

594

 

 

 

117,800

 

 

 

118,394

 

 

 

—

 

Consumer

 

 

2

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

9,274

 

 

 

9,276

 

 

 

—

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate

 

 

—

 

 

 

16

 

 

 

851

 

 

 

867

 

 

 

1,242

 

 

 

2,109

 

 

 

—

 

Commercial real estate - construction

 

 

1,221

 

 

 

—

 

 

 

—

 

 

 

1,221

 

 

 

—

 

 

 

1,221

 

 

 

—

 

Residential mortgage

 

 

106

 

 

 

52

 

 

 

327

 

 

 

485

 

 

 

800

 

 

 

1,285

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

57

 

 

 

57

 

 

 

28

 

 

 

85

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

5,455

 

 

$

1,028

 

 

$

3,522

 

 

$

10,005

 

 

$

3,170,028

 

 

$

3,180,033

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

December 31, 2021

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

1,378

 

 

$

62

 

 

$

404

 

 

$

1,844

 

 

$

617,718

 

 

$

619,562

 

 

$

96

 

Commercial real estate

 

 

32

 

 

 

55

 

 

 

769

 

 

 

856

 

 

 

1,665,055

 

 

 

1,665,911

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

205

 

 

 

205

 

 

 

371,333

 

 

 

371,538

 

 

 

205

 

Residential mortgage

 

 

1,246

 

 

 

205

 

 

 

1,002

 

 

 

2,453

 

 

 

319,408

 

 

 

321,861

 

 

 

212

 

Home equity

 

 

403

 

 

 

—

 

 

 

2,377

 

 

 

2,780

 

 

 

107,440

 

 

 

110,220

 

 

 

—

 

Consumer

 

 

6

 

 

 

2

 

 

 

2

 

 

 

10

 

 

 

10,419

 

 

 

10,429

 

 

 

2

 

Loans acquired with credit deterioration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate

 

 

—

 

 

 

3

 

 

 

1,628

 

 

 

1,631

 

 

 

600

 

 

 

2,231

 

 

 

—

 

Commercial real estate - construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,196

 

 

 

1,196

 

 

 

—

 

Residential mortgage

 

 

54

 

 

 

—

 

 

 

818

 

 

 

872

 

 

 

490

 

 

 

1,362

 

 

 

—

 

Home equity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

86

 

 

 

86

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

3,119

 

 

$

327

 

 

$

7,205

 

 

$

10,651

 

 

$

3,093,745

 

 

$

3,104,396

 

 

$

515

 
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,

June 30, 2022

 

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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 1, 2022

 

$

3,811

 

 

$

9,991

 

 

$

41

 

 

$

483

 

 

$

562

 

 

$

2

 

 

$

257

 

 

$

15,147

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(9

)

 

 

—

 

 

 

(9

)

Recoveries

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

1

 

 

 

10

 

 

 

—

 

 

 

13

 

Provisions (credits)

 

 

(140

)

 

 

2,000

 

 

 

5

 

 

 

17

 

 

 

78

 

 

 

(1

)

 

 

(234

)

 

 

1,725

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

$

3,671

 

 

$

11,991

 

 

$

46

 

 

$

502

 

 

$

641

 

 

$

2

 

 

$

23

 

 

$

16,876

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

six months ended,

June 30, 2022

 

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, 2022

 

$

3,439

 

 

$

9,415

 

 

$

38

 

 

$

459

 

 

$

560

 

 

$

2

 

 

$

684

 

 

$

14,597

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(66

)

 

 

—

 

 

 

(66

)

Recoveries

 

 

13

 

 

 

65

 

 

 

24

 

 

 

2

 

 

 

2

 

 

 

14

 

 

 

—

 

 

 

120

 

Provisions

 

 

219

 

 

 

2,511

 

 

 

(16

)

 

 

41

 

 

 

79

 

 

 

52

 

 

 

(661

)

 

 

2,225

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

3,671

 

 

 

11,991

 

 

 

46

 

 

 

502

 

 

 

641

 

 

 

2

 

 

 

23

 

 

 

16,876

 

Individually evaluated for impairment

 

 

118

 

 

 

892

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,010

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collectively evaluated for impairment

 

$

3,553

 

 

$

11,099

 

 

$

46

 

 

$

502

 

 

$

641

 

 

$

2

 

 

$

23

 

 

$

15,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

549,881

 

 

$

1,825,944

 

 

$

376,117

 

 

$

300,336

 

 

$

118,479

 

 

$

9,276

 

 

$

—

 

 

$

3,180,033

 

Ending balance: individually evaluated for impairment

 

 

507

 

 

 

2,106

 

 

 

—

 

 

 

1,314

 

 

 

99

 

 

 

—

 

 

 

—

 

 

 

4,026

 

Ending balance: acquired with credit deterioration

 

 

—

 

 

 

2,109

 

 

 

1,221

 

 

 

1,285

 

 

 

85

 

 

 

—

 

 

 

—

 

 

 

4,700

 

Ending balance: collectively evaluated for impairment

 

$

549,374

 

 

$

1,821,729

 

 

$

374,896

 

 

$

297,737

 

 

$

118,295

 

 

$

9,276

 

 

$

—

 

 

$

3,171,307

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

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

 

$

3,439

 

 

$

9,415

 

 

$

38

 

 

$

459

 

 

$

560

 

 

$

2

 

 

$

684

 

 

$

14,597

 

Ending balance: individually evaluated for impairment

 

 

67

 

 

 

121

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

188

 

Ending balance: collectively evaluated for impairment

 

$

3,372

 

 

$

9,294

 

 

$

38

 

 

$

459

 

 

$

560

 

 

$

2

 

 

$

684

 

 

$

14,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

619,562

 

 

$

1,668,142

 

 

$

372,734

 

 

$

323,223

 

 

$

110,306

 

 

$

10,429

 

 

$

—

 

 

$

3,104,396

 

Ending balance: individually evaluated for impairment

 

 

308

 

 

 

1,141

 

 

 

22

 

 

 

1,259

 

 

 

2,377

 

 

 

—

 

 

 

—

 

 

 

5,107

 

Ending balance: acquired with credit deterioration

 

 

—

 

 

 

2,231

 

 

 

1,196

 

 

 

1,362

 

 

 

86

 

 

 

—

 

 

 

—

 

 

 

4,875

 

Ending balance: collectively evaluated for impairment

 

$

619,254

 

 

$

1,664,770

 

 

$

371,516

 

 

$

320,602

 

 

$

107,843

 

 

$

10,429

 

 

$

—

 

 

$

3,094,414

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

three months ended,

June 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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 1, 2021

 

$

2,988

 

 

$

8,944

 

 

$

122

 

 

$

438

 

 

$

528

 

 

$

1

 

 

$

570

 

 

$

13,591

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

(23

)

 

 

(7

)

 

 

—

 

 

 

(9

)

 

 

—

 

 

 

(39

)

Recoveries

 

 

1

 

 

 

10

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

14

 

Provisions (credits)

 

 

176

 

 

 

1,023

 

 

 

31

 

 

 

67

 

 

 

60

 

 

 

8

 

 

 

(215

)

 

 

1,150

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

$

3,165

 

 

$

9,977

 

 

$

130

 

 

$

499

 

 

$

588

 

 

$

2

 

 

$

355

 

 

$

14,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the

six months ended,

June 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

)

 

 

—

 

 

 

(23

)

 

 

(11

)

 

 

—

 

 

 

(12

)

 

 

—

 

 

 

(905

)

Recoveries

 

 

1

 

 

 

66

 

 

 

—

 

 

 

11

 

 

 

—

 

 

 

11

 

 

 

—

 

 

 

89

 

Provisions (credits)

 

 

957

 

 

 

1,256

 

 

 

19

 

 

 

70

 

 

 

81

 

 

 

2

 

 

 

(235

)

 

 

2,150

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

3,165

 

 

 

9,977

 

 

 

130

 

 

 

499

 

 

 

588

 

 

 

2

 

 

 

355

 

 

 

14,716

 

Individually evaluated for impairment

 

 

62

 

 

 

1,332

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,394

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

3,103

 

 

$

8,645

 

 

$

130

 

 

$

499

 

 

$

588

 

 

$

2

 

 

$

355

 

 

$

13,322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

783,106

 

 

$

1,147,089

 

 

$

282,776

 

 

$

196,691

 

 

$

77,272

 

 

$

8,258

 

 

$

—

 

 

$

2,495,192

 

Ending balance: individually evaluated for impairment

 

 

218

 

 

 

3,673

 

 

 

23

 

 

 

759

 

 

 

2,339

 

 

 

—

 

 

 

—

 

 

 

7,012

 

Ending balance: acquired with credit deterioration

 

 

—

 

 

 

1,381

 

 

 

—

 

 

 

289

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,670

 

Ending balance: collectively evaluated for impairment

 

$

782,888

 

 

$

1,142,035

 

 

$

282,753

 

 

$

195,643

 

 

$

74,933

 

 

$

8,258

 

 

$

—

 

 

$

2,486,510

 

 

 
Troubled Debt Restructurings

The recorded investments in troubled debt restructured loans at June 30, 2022 and December 31, 2021 are as follows:

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

June 30, 2022

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial real estate

$

1,213

 

 

$

1,115

 

 

$

292

 

Residential mortgage

 

647

 

 

 

645

 

 

 

450

 

 

$

1,860

 

 

$

1,760

 

 

$

742

 

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2021

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial and industrial

$

8

 

 

$

8

 

 

$

5

 

Commercial real estate

 

1,214

 

 

 

1,115

 

 

 

320

 

Commercial real estate - construction

 

40

 

 

 

40

 

 

 

22

 

Residential mortgage

 

647

 

 

 

645

 

 

 

472

 

 

$

1,909

 

 

$

1,808

 

 

$

819

 

 
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), First Priority (July 2018), and Riverview (November 2021) acquisitions for the three and six months ended June 30, 2022 and 2021.

 

(Dollars in thousands)

 

 

 

 

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

Accretable yield, beginning of period

 

$

499

 

 

$

40

 

Accretable yield amortized to interest income

 

 

(28

)

 

 

—

 

Accretable yield, end of period

 

$

471

 

 

$

40

 

 

(Dollars in thousands)

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

Accretable yield, beginning of period

 

$

580

 

 

$

40

 

Accretable yield amortized to interest income

 

 

(109

)

 

 

-

 

Accretable yield, end of period

 

$

471

 

 

$

40