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Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of loans, net of unamortized net deferred fees
Loans, net of unamortized net deferred fees, at June 30, 2019 and December 31, 2018 are summarized by type as follows:
 
   
 
 
June 30, 2019
 
 
December 31, 2018
 
(dollars in thousands)
 
Amount
 
 
%
 
 
Amount
 
 
%
 
Commercial
 
$
1,475,201
 
 
 
20
%
 
$
1,553,112
 
 
 
22
%
Income producing - commercial real estate
 
 
3,666,815
 
 
 
50
%
 
 
3,256,900
 
 
 
46
%
Owner occupied - commercial real estate
 
 
970,850
 
 
 
13
%
 
 
887,814
 
 
 
13
%
Real estate mortgage - residential
 
 
105,191
 
 
 
1
%
 
 
106,418
 
 
 
2
%
Construction - commercial and residential
 
 
1,012,789
 
 
 
14
%
 
 
1,039,815
 
 
 
15
%
Construction - C&I (owner occupied)
 
 
76,324
 
 
 
1
%
 
 
57,797
 
 
 
1
%
Home equity
 
 
83,447
 
 
 
1
%
 
 
86,603
 
 
 
1
%
Other consumer
 
 
1,998
 
 
 
—
 
 
 
2,988
 
 
 
—
 
Total loans
 
 
7,392,615
 
 
 
100
%
 
 
6,991,447
 
 
 
100
%
Less: allowance for credit losses
 
 
(72,086
)
 
 
 
 
 
 
(69,944
)
 
 
 
 
Net loans
 
$
7,320,529
 
 
 
 
 
 
$
6,921,503
 
 
 
 
 
Schedule of detail activity in the allowance for credit losses by portfolio segment
The following tables detail activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2019 and 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
 
 
 
 
 
 
Income
Producing -
Commercial
 
 
Owner
Occupied - Commercial
 
 
Real Estate
Mortgage -
 
 
Construction -
Commercial and
 
 
Home
 
 
Other
 
 
 
 
(dollars in thousands)
 
Commercial
 
 
Real Estate
 
 
Real Estate
 
 
Residential
 
 
Residential
 
 
Equity
 
 
Consumer
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThreeMonths Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
17,195
 
 
$
26,765
 
 
$
5,980
 
 
$
681
 
 
$
18,469
 
 
$
605
 
 
$
248
 
 
$
69,943
 
Loans charged-off
 
 
(1
)
 
 
(1,847
)
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(2
)
 
 
(1,850
)
Recoveries of loans previously charged-off
 
 
37
 
 
 
302
 
 
 
2
 
 
 
2
 
 
 
37
 
 
 
—
 
 
 
13
 
 
 
393
 
Net loans charged-off
 
 
36
 
 
 
(1,545
)
 
 
2
 
 
 
2
 
 
 
37
 
 
 
—
 
 
 
11
 
 
 
(1,457
)
Provision for credit losses
 
 
905
 
 
 
1,790
 
 
 
(226
)
 
 
672
 
 
 
500
 
 
 
(24
)
 
 
(17
)
 
 
3,600
 
Ending balance
 
$
18,136
 
 
$
27,010
 
 
$
5,756
 
 
$
1,355
 
 
$
19,006
 
 
$
581
 
 
$
242
 
 
$
72,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SixMonths Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
15,857
 
 
$
28,034
 
 
$
6,242
 
 
$
965
 
 
$
18,175
 
 
$
599
 
 
$
72
 
 
$
69,944
 
Loans charged-off
 
 
(5
)
 
 
(5,343
)
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(2
)
 
 
(5,350
)
Recoveries of loans previously charged-off
 
 
167
 
 
 
302
 
 
 
2
 
 
 
3
 
 
 
37
 
 
 
—
 
 
 
21
 
 
 
532
 
Net loans (charged-off) recoveries
 
 
162
 
 
 
(5,041
)
 
 
2
 
 
 
3
 
 
 
37
 
 
 
—
 
 
 
19
 
 
 
(4,818
)
Provision for credit losses
 
 
2,117
 
 
 
4,017
 
 
 
(488
)
 
 
387
 
 
 
794
 
 
 
(18
)
 
 
151
 
 
 
6,960
 
Ending balance
 
$
18,136
 
 
$
27,010
 
 
$
5,756
 
 
$
1,355
 
 
$
19,006
 
 
$
581
 
 
$
242
 
 
$
72,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
7,905
 
 
$
1,000
 
 
$
475
 
 
$
650
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
10,030
 
Collectively evaluated for impairment
 
 
10,231
 
 
 
26,010
 
 
 
5,281
 
 
 
705
 
 
 
19,006
 
 
 
581
 
 
 
242
 
 
 
62,056
 
Ending balance
 
$
18,136
 
 
$
27,010
 
 
$
5,756
 
 
$
1,355
 
 
$
19,006
 
 
$
581
 
 
$
242
 
 
$
72,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThreeMonths Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
13,358
 
 
$
26,468
 
 
$
5,471
 
 
$
734
 
 
$
18,742
 
 
$
699
 
 
$
335
 
 
$
65,807
 
Loans charged-off
 
 
(408
)
 
 
 —
 
 
 
 —
 
 
 
—
 
 
 
(517
)
 
 
—
 
 
 
—
 
 
 
(925
)
Recoveries of loans previously charged-off
 
 
23
 
 
 
2
 
 
 
1
 
 
 
1
 
 
 
35
 
 
 
10
 
 
 
5
 
 
 
77
 
Net loans (charged-off) recoveries
 
 
(385
)
 
 
2
 
 
 
1
 
 
 
1
 
 
 
(482
)
 
 
10
 
 
 
5
 
 
 
(848
)
Provision for credit losses
 
 
(767
)
 
 
1,518
 
 
 
531
 
 
 
22
 
 
 
391
 
 
 
(36
)
 
 
(9
)
 
 
1,650
 
Ending balance
 
$
12,206
 
 
$
27,988
 
 
$
6,003
 
 
$
757
 
 
$
18,651
 
 
$
673
 
 
$
331
 
 
$
66,609
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SixMonths Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
13,102
 
 
$
25,376
 
 
$
5,934
 
 
$
944
 
 
$
18,492
 
 
$
770
 
 
$
140
 
 
$
64,758
 
Loans charged-off
 
 
(1,261
)
 
 
(121
)
 
 
(132
)
 
 
—
 
 
 
(517
)
 
 
—
 
 
 
—
 
 
 
(2,031
)
Recoveries of loans previously charged-off
 
 
26
 
 
 
2
 
 
 
2
 
 
 
3
 
 
 
95
 
 
 
127
 
 
 
8
 
 
 
263
 
Net loans (charged-off) recoveries
 
 
(1,235
)
 
 
(119
)
 
 
(130
)
 
 
3
 
 
 
(422
)
 
 
127
 
 
 
8
 
 
 
(1,768
)
Provision for credit losses
 
 
339
 
 
 
2,731
 
 
 
199
 
 
 
(190
)
 
 
581
 
 
 
(224
)
 
 
183
 
 
 
3,619
 
Ending balance
 
$
12,206
 
 
$
27,988
 
 
$
6,003
 
 
$
757
 
 
$
18,651
 
 
$
673
 
 
$
331
 
 
$
66,609
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
4,506
 
 
$
3,543
 
 
$
500
 
 
$
—
 
 
$
 —
 
 
$
—
 
 
$
80
 
 
$
8,629
 
Collectively evaluated for impairment
 
 
7,700
 
 
 
24,445
 
 
 
5,503
 
 
 
757
 
 
 
18,651
 
 
 
673
 
 
 
251
 
 
 
57,980
 
Ending balance
 
$
12,206
 
 
$
27,988
 
 
$
6,003
 
 
$
757
 
 
$
18,651
 
 
$
673
 
 
$
331
 
 
$
66,609
 
 
Schedule of recorded investments in loans related to each balance in the allowance for loan losses by portfolio segment
The Company’s recorded investments in loans as of June 30, 2019 and December 31, 2018 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows:
 
 
 
 
 
 
Income Producing -
 
 
Owner Occupied -
 
 
Real Estate
 
 
Construction -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
Commercial
 
 
Mortgage -
 
 
Commercial and
 
 
Home
 
 
Other
 
 
 
 
(dollars in thousands)
 
Commercial
 
 
Real Estate
 
 
Real Estate
 
 
Residential
 
 
Residential
 
 
Equity
 
 
Consumer
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
26,980
 
 
$
37,900
 
 
$
3,879
 
 
$
5,367
 
 
$
9,155
 
 
$
487
 
 
$
—
 
 
$
83,768
 
Collectively evaluated for impairment
 
 
1,448,221
 
 
 
3,628,915
 
 
 
966,971
 
 
 
99,824
 
 
 
1,079,958
 
 
 
82,960
 
 
 
1,998
 
 
 
7,308,847
 
Ending balance
 
$
1,475,201
 
 
$
3,666,815
 
 
$
970,850
 
 
$
105,191
 
 
$
1,089,113
 
 
$
83,447
 
 
$
1,998
 
 
$
7,392,615
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
8,738
 
 
$
61,747
 
 
$
5,307
 
 
$
1,228
 
 
$
7,012
 
 
$
487
 
 
$
—
 
 
$
84,519
 
Collectively evaluated for impairment
 
 
1,544,374
 
 
 
3,195,153
 
 
 
882,507
 
 
 
105,190
 
 
 
1,090,600
 
 
 
86,116
 
 
 
2,988
 
 
 
6,906,928
 
Ending balance
 
$
1,553,112
 
 
$
3,256,900
 
 
$
887,814
 
 
$
106,418
 
 
$
1,097,612
 
 
$
86,603
 
 
$
2,988
 
 
$
6,991,447
 
 
Schedule of loans by class and credit quality indicators
 
 
 
 
 
Watch and
 
 
 
 
 
 
 
 
Total
 
(dollars in thousands)
 
Pass
 
 
Special Mention
 
 
Substandard
 
 
Doubtful
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
1,398,098
 
 
$
50,123
 
 
$
26,980
 
 
$
—
 
 
$
1,475,201
 
Income producing - commercial real estate
 
 
3,611,968
 
 
 
16,947
 
 
 
37,900
 
 
 
—
 
 
 
3,666,815
 
Owner occupied - commercial real estate
 
 
924,643
 
 
 
42,328
 
 
 
3,879
 
 
 
—
 
 
 
970,850
 
Real estate mortgage – residential
 
 
99,188
 
 
 
636
 
 
 
5,367
 
 
 
—
 
 
 
105,191
 
Construction - commercial and residential
 
 
1,079,958
 
 
 
—
 
 
 
9,155
 
 
 
—
 
 
 
1,089,113
 
Home equity
 
 
82,274
 
 
 
686
 
 
 
487
 
 
 
—
 
 
 
83,447
 
Other consumer
 
 
1,998
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
1,998
 
Total
 
$
7,198,127
 
 
$
110,720
 
 
$
83,768
 
 
$
—
 
 
$
7,392,615
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
1,505,477
 
 
$
25,584
 
 
$
22,051
 
 
$
—
 
 
$
1,553,112
 
Income producing - commercial real estate
 
 
3,172,479
 
 
 
1,536
 
 
 
82,885
 
 
 
—
 
 
 
3,256,900
 
Owner occupied - commercial real estate
 
 
844,286
 
 
 
38,221
 
 
 
5,307
 
 
 
—
 
 
 
887,814
 
Real estate mortgage – residential
 
 
104,543
 
 
 
647
 
 
 
1,228
 
 
 
—
 
 
 
106,418
 
Construction - commercial and residential
 
 
1,090,600
 
 
 
—
 
 
 
7,012
 
 
 
—
 
 
 
1,097,612
 
Home equity
 
 
85,434
 
 
 
682
 
 
 
487
 
 
 
—
 
 
 
86,603
 
Other consumer
 
 
2,988
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
2,988
 
Total
 
$
6,805,807
 
 
$
66,670
 
 
$
118,970
 
 
$
—
 
 
$
6,991,447
 
Schedule of information related to nonaccrual loans by class
The following table presents, by class of loan, information related to nonaccrual loans as of June 30, 2019 and December 31, 2018.
 
(dollars in thousands)
 
June 30,
2019
 
 
December 31,
2018
 
 
 
 
 
 
 
 
Commercial
 
$
16,053
 
 
$
7,115
 
Income producing - commercial real estate
 
 
4,563
 
 
 
1,766
 
Owner occupied - commercial real estate
 
 
1,510
 
 
 
2,368
 
Real estate mortgage - residential
 
 
5,640
 
 
 
1,510
 
Construction - commercial and residential
 
 
9,155
 
 
 
3,031
 
Home equity
 
 
487
 
 
 
487
 
Total nonaccrual loans ( 1)( 2)
 
$
37,408
 
 
$
16,277
 
 
 
( 1)
Excludes troubled debt restructurings (“TDRs”) that were performing under their restructured terms totaling $8.6 million at June 30, 2019 and $24.0 million at December 31, 2018.
 
( 2)
Gross interest income of $1.2 million and $321 thousand would have been recorded for thesixmonths ended June 30, 2019 and 2018, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while the interest actually recorded on such loans was $86 thousand and $6 thousand for thesixmonths ended June 30, 2019 and 2018, respectively. See Note 1 to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.
Schedule of impaired loans, by class of loan
The following table presents, by class of loan, information related to impaired loans for the periods ended June 30, 2019 and December 31, 2018.
 
 
 
Unpaid
 
 
Recorded
 
 
Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contractual
 
 
Investment
 
 
Investment
 
 
Total
 
 
 
 
 
Average Recorded Investment
 
 
Interest Income Recognized
 
 
 
Principal
 
 
With No
 
 
With
 
 
Recorded
 
 
Related
 
 
Quarter
 
 
Year
 
 
Quarter
 
 
Year
 
(dollars in thousands)
 
Balance
 
 
Allowance
 
 
Allowance
 
 
Investment
 
 
Allowance
 
 
To Date
 
 
To Date
 
 
To Date
 
 
To Date
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
17,434
 
 
$
5,003
 
 
$
11,959
 
 
$
16,962
 
 
$
7,905
 
 
$
14,972
 
 
$
12,695
 
 
$
84
 
 
$
103
 
Income producing - commercial real estate
 
 
8,953
 
 
 
4,563
 
 
 
4,390
 
 
 
8,953
 
 
 
1,000
 
 
 
24,198
 
 
 
23,266
 
 
 
(165
)
 
 
98
 
Owner occupied - commercial real estate
 
 
4,819
 
 
 
3,449
 
 
 
1,370
 
 
 
4,819
 
 
 
475
 
 
 
4,836
 
 
 
5,134
 
 
 
47
 
 
 
93
 
Real estate mortgage – residential
 
 
5,640
 
 
 
3,184
 
 
 
2,456
 
 
 
5,640
 
 
 
650
 
 
 
5,642
 
 
 
4,265
 
 
 
—
 
 
 
—
 
Construction - commercial and residential
 
 
10,315
 
 
 
9,155
 
 
 
—
 
 
 
9,155
 
 
 
—
 
 
 
6,093
 
 
 
5,072
 
 
 
15
 
 
 
15
 
Home equity
 
 
487
 
 
 
487
 
 
 
—
 
 
 
487
 
 
 
—
 
 
 
487
 
 
 
487
 
 
 
—
 
 
 
—
 
Other consumer
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Total
 
$
47,648
 
 
$
25,841
 
 
$
20,175
 
 
$
46,016
 
 
$
10,030
 
 
$
56,228
 
 
$
50,919
 
 
$
(19
)
 
$
309
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
8,613
 
 
$
2,057
 
 
$
6,084
 
 
$
8,141
 
 
$
4,803
 
 
$
10,306
 
 
$
8,359
 
 
$
(126
)
 
$
190
 
Income producing - commercial real estate
 
 
21,402
 
 
 
1,720
 
 
 
19,682
 
 
 
21,402
 
 
 
2,465
 
 
 
15,331
 
 
 
12,309
 
 
 
189
 
 
 
550
 
Owner occupied - commercial real estate
 
 
5,731
 
 
 
4,361
 
 
 
1,370
 
 
 
5,731
 
 
 
600
 
 
 
5,746
 
 
 
6,011
 
 
 
47
 
 
 
196
 
Real estate mortgage – residential
 
 
1,510
 
 
 
1,510
 
 
 
—
 
 
 
1,510
 
 
 
—
 
 
 
1,516
 
 
 
1,688
 
 
 
—
 
 
 
2
 
Construction - commercial and residential
 
 
3,031
 
 
 
3,031
 
 
 
—
 
 
 
3,031
 
 
 
1,050
 
 
 
3,031
 
 
 
2,028
 
 
 
—
 
 
 
68
 
Home equity
 
 
487
 
 
 
487
 
 
 
—
 
 
 
487
 
 
 
—
 
 
 
487
 
 
 
491
 
 
 
—
 
 
 
—
 
Other consumer
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
46
 
 
 
69
 
 
 
—
 
 
 
—
 
Total
 
$
40,774
 
 
$
13,166
 
 
$
27,136
 
 
$
40,302
 
 
$
8,918
 
 
$
36,463
 
 
$
30,955
 
 
$
110
 
 
$
1,006
 
 
Schedule of loans modified in troubled debt restructurings
The following table presents by class, the recorded investment of loans modified in TDRs held by the Company for the periods ended June 30, 2019 and 2018.
 
 
 
For theSixMonths Ended June 30, 2019
 
 
 
Number of
 
 
 
 
 
Income Producing -
 
 
Owner Occupied -
 
 
Construction -
 
 
 
 
(dollars in thousands)
 
Contracts
 
 
Commercial
 
 
Commercial Real Estate
 
 
Commercial Real Estate
 
 
Commercial Real Estate
 
 
Total
 
Troubled debt restructurings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured accruing
 
 
7
 
 
$
909
 
 
$
4,390
 
 
$
3,309
 
 
$
—
 
 
$
8,608
 
Restructured nonaccruing
 
 
4
 
 
 
2,831
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
2,831
 
Total
 
 
11
 
 
$
3,740
 
 
$
4,390
 
 
$
3,309
 
 
$
—
 
 
$
11,439
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Specific allowance
 
 
 
 
 
$
 —
 
 
$
1,000
 
 
$
—
 
 
$
—
 
 
$
1,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured and subsequently defaulted
 
 
 
 
 
$
 
 
 
$
2,300
 
 
$
—
 
 
$
—
 
 
$
1,847
 
 
 
 
For theSixMonths Ended June 30, 2018
 
 
 
Number of
 
 
 
 
 
Income Producing -
 
 
Owner Occupied -
 
 
Construction -
 
 
 
 
(dollars in thousands)
 
Contracts
 
 
Commercial
 
 
Commercial Real Estate
 
 
Commercial Real Estate
 
 
Commercial Real Estate
 
 
Total
 
Troubled debt restructings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured accruing
 
 
9
 
 
$
4,938
 
 
$
9,138
 
 
$
1,047
 
 
$
—
 
 
$
15,123
 
Restructured nonaccruing
 
 
4
 
 
 
1,211
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
1,211
 
Total
 
 
13
 
 
$
6,149
 
 
$
9,138
 
 
$
1,047
 
 
$
—
 
 
$
16,334
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Specific allowance
 
 
 
 
 
$
2,000
 
 
$
3,500
 
 
$
—
 
 
$
—
 
 
$
5,500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured and subsequently defaulted
 
 
 
 
 
$
—
 
 
$
937
 
 
$
—
 
 
$
—
 
 
$
937
 
 
Schedule of detail activity in the allowance for credit losses by portfolio segment
The following tables detail activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2019 and 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
 
 
 
 
 
 
Income
Producing -
Commercial
 
 
Owner
Occupied - Commercial
 
 
Real Estate
Mortgage -
 
 
Construction -
Commercial and
 
 
Home
 
 
Other
 
 
 
 
(dollars in thousands)
 
Commercial
 
 
Real Estate
 
 
Real Estate
 
 
Residential
 
 
Residential
 
 
Equity
 
 
Consumer
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThreeMonths Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
17,195
 
 
$
26,765
 
 
$
5,980
 
 
$
681
 
 
$
18,469
 
 
$
605
 
 
$
248
 
 
$
69,943
 
Loans charged-off
 
 
(1
)
 
 
(1,847
)
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(2
)
 
 
(1,850
)
Recoveries of loans previously charged-off
 
 
37
 
 
 
302
 
 
 
2
 
 
 
2
 
 
 
37
 
 
 
—
 
 
 
13
 
 
 
393
 
Net loans charged-off
 
 
36
 
 
 
(1,545
)
 
 
2
 
 
 
2
 
 
 
37
 
 
 
—
 
 
 
11
 
 
 
(1,457
)
Provision for credit losses
 
 
905
 
 
 
1,790
 
 
 
(226
)
 
 
672
 
 
 
500
 
 
 
(24
)
 
 
(17
)
 
 
3,600
 
Ending balance
 
$
18,136
 
 
$
27,010
 
 
$
5,756
 
 
$
1,355
 
 
$
19,006
 
 
$
581
 
 
$
242
 
 
$
72,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SixMonths Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
15,857
 
 
$
28,034
 
 
$
6,242
 
 
$
965
 
 
$
18,175
 
 
$
599
 
 
$
72
 
 
$
69,944
 
Loans charged-off
 
 
(5
)
 
 
(5,343
)
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(2
)
 
 
(5,350
)
Recoveries of loans previously charged-off
 
 
167
 
 
 
302
 
 
 
2
 
 
 
3
 
 
 
37
 
 
 
—
 
 
 
21
 
 
 
532
 
Net loans (charged-off) recoveries
 
 
162
 
 
 
(5,041
)
 
 
2
 
 
 
3
 
 
 
37
 
 
 
—
 
 
 
19
 
 
 
(4,818
)
Provision for credit losses
 
 
2,117
 
 
 
4,017
 
 
 
(488
)
 
 
387
 
 
 
794
 
 
 
(18
)
 
 
151
 
 
 
6,960
 
Ending balance
 
$
18,136
 
 
$
27,010
 
 
$
5,756
 
 
$
1,355
 
 
$
19,006
 
 
$
581
 
 
$
242
 
 
$
72,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
7,905
 
 
$
1,000
 
 
$
475
 
 
$
650
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
10,030
 
Collectively evaluated for impairment
 
 
10,231
 
 
 
26,010
 
 
 
5,281
 
 
 
705
 
 
 
19,006
 
 
 
581
 
 
 
242
 
 
 
62,056
 
Ending balance
 
$
18,136
 
 
$
27,010
 
 
$
5,756
 
 
$
1,355
 
 
$
19,006
 
 
$
581
 
 
$
242
 
 
$
72,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThreeMonths Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
13,358
 
 
$
26,468
 
 
$
5,471
 
 
$
734
 
 
$
18,742
 
 
$
699
 
 
$
335
 
 
$
65,807
 
Loans charged-off
 
 
(408
)
 
 
 —
 
 
 
 —
 
 
 
—
 
 
 
(517
)
 
 
—
 
 
 
—
 
 
 
(925
)
Recoveries of loans previously charged-off
 
 
23
 
 
 
2
 
 
 
1
 
 
 
1
 
 
 
35
 
 
 
10
 
 
 
5
 
 
 
77
 
Net loans (charged-off) recoveries
 
 
(385
)
 
 
2
 
 
 
1
 
 
 
1
 
 
 
(482
)
 
 
10
 
 
 
5
 
 
 
(848
)
Provision for credit losses
 
 
(767
)
 
 
1,518
 
 
 
531
 
 
 
22
 
 
 
391
 
 
 
(36
)
 
 
(9
)
 
 
1,650
 
Ending balance
 
$
12,206
 
 
$
27,988
 
 
$
6,003
 
 
$
757
 
 
$
18,651
 
 
$
673
 
 
$
331
 
 
$
66,609
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SixMonths Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
13,102
 
 
$
25,376
 
 
$
5,934
 
 
$
944
 
 
$
18,492
 
 
$
770
 
 
$
140
 
 
$
64,758
 
Loans charged-off
 
 
(1,261
)
 
 
(121
)
 
 
(132
)
 
 
—
 
 
 
(517
)
 
 
—
 
 
 
—
 
 
 
(2,031
)
Recoveries of loans previously charged-off
 
 
26
 
 
 
2
 
 
 
2
 
 
 
3
 
 
 
95
 
 
 
127
 
 
 
8
 
 
 
263
 
Net loans (charged-off) recoveries
 
 
(1,235
)
 
 
(119
)
 
 
(130
)
 
 
3
 
 
 
(422
)
 
 
127
 
 
 
8
 
 
 
(1,768
)
Provision for credit losses
 
 
339
 
 
 
2,731
 
 
 
199
 
 
 
(190
)
 
 
581
 
 
 
(224
)
 
 
183
 
 
 
3,619
 
Ending balance
 
$
12,206
 
 
$
27,988
 
 
$
6,003
 
 
$
757
 
 
$
18,651
 
 
$
673
 
 
$
331
 
 
$
66,609
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
4,506
 
 
$
3,543
 
 
$
500
 
 
$
—
 
 
$
 —
 
 
$
—
 
 
$
80
 
 
$
8,629
 
Collectively evaluated for impairment
 
 
7,700
 
 
 
24,445
 
 
 
5,503
 
 
 
757
 
 
 
18,651
 
 
 
673
 
 
 
251
 
 
 
57,980
 
Ending balance
 
$
12,206
 
 
$
27,988
 
 
$
6,003
 
 
$
757
 
 
$
18,651
 
 
$
673
 
 
$
331
 
 
$
66,609