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Loans and Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Receivables [Abstract] |
Schedule of loans, net of unamortized net deferred fees | Loans, net of unamortized net deferred fees, at September 30, 2020 (unaudited) and December 31, 2019 are summarized by type as follows: ​
​ |  | September 30, 2020 |  | December 31, 2019
(dollars in thousands) |  | Amount |  |  | % |  | Amount |  | %
Commercial |  | $ | 1,524,613 |  |  |  | 19 | % |  | $ | 1,545,906 |  |  | 20 | %
PPP loans |  | 456,115 |  |  |  | 6 | % |  | — |  |  | — |
Income producing - commercial real estate |  | 3,724,839 |  |  |  | 47 | % |  | 3,702,747 |  |  | 50 | %
Owner occupied - commercial real estate |  | 997,645 |  |  |  | 13 | % |  | 985,409 |  |  | 13 | %
Real estate mortgage - residential |  | 82,385 |  |  |  | 1 | % |  | 104,221 |  |  | 1 | %
Construction - commercial and residential |  | 879,144 |  |  |  | 11 | % |  | 1,035,754 |  |  | 14 | %
Construction - C&I (owner occupied) |  | 140,357 |  |  |  | 2 | % |  | 89,490 |  |  | 1 | %
Home equity |  | 72,648 |  |  |  | 1 | % |  | 80,061 |  |  | 1 | %
Other consumer |  | 2,509 |  |  |  | — |  |  | 2,160 |  |  | — |
Total loans |  | 7,880,255 |  |  |  | 100 | % |  | 7,545,748 |  |  | 100 | %
Less: allowance for credit losses |  | (110,215) |  |  |  | ​ |  | (73,658) |  |  | ​
Net loans (1) |  | $ | 7,770,040 |  |  |  | ​ |  | $ | 7,472,090 |  |  | ​
________________________________________ (1)Excludes accrued interest receivable of $43.7 million and $21.3 million at September 30, 2020 and December 31, 2019, respectively, which is recorded in other assets.
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 nine months ended September 30, 2020 and 2019. PPP loans are excluded from these tables since they do not carry an allowance for credit loss, as these loans are fully guaranteed as to principal and interest by the SBA, whose guarantee is backed by the full faith and credit of the U.S. Government. Allocation of a portion of the allowance to one category of loans does not restrict the use of the allowance to absorb losses in other categories. ​
​ |  | ​ |  | 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
Three Months Ended September 30, 2020 |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 28,078 |  |  | $ | 51,863 |  |  | $ | 12,341 |  |  | $ | 1,550 |  |  | $ | 13,808 |  |  | $ | 1,112 |  |  | $ | 44 |  |  | $ | 108,796 |
Loans charged-off |  | (187) |  |  | (3,750) |  |  | (20) |  |  | — |  |  | (1,179) |  |  | (92) |  |  | — |  |  | (5,228) |
Recoveries of loans previously charged-off |  | 45 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | 58 |
Net loans charged-off |  | (142) |  |  | (3,750) |  |  | (20) |  |  | — |  |  | (1,179) |  |  | (92) |  |  | 13 |  |  | (5,170) |
Provision for credit losses |  | (712) |  |  | 7,327 |  |  | 769 |  |  | 321 |  |  | (1,088) |  |  | (13) |  |  | (15) |  |  | 6,589 |
Ending balance |  | $ | 27,224 |  |  | $ | 55,440 |  |  | $ | 13,090 |  |  | $ | 1,871 |  |  | $ | 11,541 |  |  | $ | 1,007 |  |  | $ | 42 |  |  | $ | 110,215 |
​ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period, prior to adoption of ASC 326 |  | $ | 18,832 |  |  | $ | 29,265 |  |  | $ | 5,838 |  |  | $ | 1,557 |  |  | $ | 17,485 |  |  | $ | 656 |  |  | $ | 25 |  |  | $ | 73,658 |
Impact of adopting ASC 326 |  | 892 |  |  | 11,230 |  |  | 4,674 |  |  | (301) |  |  | (6,143) |  |  | 245 |  |  | 17 |  |  | 10,614 |
Loans charged-off |  | (7,332) |  |  | (4,300) |  |  | (20) |  |  | — |  |  | (2,947) |  |  | (92) |  |  | — |  |  | (14,691) |
Recoveries of loans previously charged-off |  | 116 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 136 |
Net loans (charged-off) recoveries |  | (7,216) |  |  | (4,300) |  |  | (20) |  |  | — |  |  | (2,947) |  |  | (92) |  |  | 20 |  |  | (14,555) |
Provision for credit losses |  | 14,716 |  |  | 19,245 |  |  | 2,598 |  |  | 615 |  |  | 3,146 |  |  | 198 |  |  | (20) |  |  | 40,498 |
Ending balance |  | $ | 27,224 |  |  | $ | 55,440 |  |  | $ | 13,090 |  |  | $ | 1,871 |  |  | $ | 11,541 |  |  | $ | 1,007 |  |  | $ | 42 |  |  | $ | 110,215 |
​ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 9,593 |  |  | $ | 5,999 |  |  | $ | 670 |  |  | $ | 1,148 |  |  | $ | 204 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 17,617 |
Collectively evaluated for impairment |  | 17,631 |  |  | 49,441 |  |  | 12,420 |  |  | 723 |  |  | 11,337 |  |  | 1,007 |  |  | 39 |  |  | 92,598 |
Ending balance |  | $ | 27,224 |  |  | $ | 55,440 |  |  | $ | 13,090 |  |  | $ | 1,871 |  |  | $ | 11,541 |  |  | $ | 1,007 |  |  | $ | 42 |  |  | $ | 110,215 |
​ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 18,136 |  |  | $ | 27,010 |  |  | $ | 5,756 |  |  | $ | 1,355 |  |  | $ | 19,006 |  |  | $ | 581 |  |  | $ | 242 |  |  | $ | 72,086 |
Loans charged-off |  | (1,794) |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,794) |
Recoveries of loans previously charged-off |  | 210 |  |  |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | 17 |  |  | 242 |
Net loans charged-off |  | (1,584) |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | 17 |  |  | (1,552) |
Provision for credit losses |  | 1,617 |  |  | 1,517 |  |  | (158) |  |  | (3) |  |  | 251 |  |  | (6) |  |  | (32) |  |  | 3,186 |
Ending balance |  | $ | 18,169 |  |  | $ | 28,527 |  |  | $ | 5,598 |  |  | $ | 1,352 |  |  | $ | 19,272 |  |  | $ | 575 |  |  | $ | 227 |  |  | $ | 73,720 |
​ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nine Months Ended September 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 |  | (1,799) |  |  | (5,343) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (7,144) |
Recoveries of loans previously charged-off |  | 377 |  |  | 302 |  |  | 2 |  |  | 3 |  |  | 52 |  |  | — |  |  | 38 |  |  | 774 |
Net loans (charged-off) recoveries |  | (1,422) |  |  | (5,041) |  |  | 2 |  |  | 3 |  |  | 52 |  |  | — |  |  | 36 |  |  | (6,370) |
Provision for credit losses |  | 3,734 |  |  | 5,534 |  |  | (646) |  |  | 384 |  |  | 1,045 |  |  | (24) |  |  | 119 |  |  | 10,146 |
Ending balance |  | $ | 18,169 |  |  | $ | 28,527 |  |  | $ | 5,598 |  |  | $ | 1,352 |  |  | $ | 19,272 |  |  | $ | 575 |  |  | $ | 227 |  |  | $ | 73,720 |
​ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 8,196 |  |  | $ | 1,200 |  |  | $ | 375 |  |  | $ | 650 |  |  | $ | — |  |  | $ | 13 |  |  | $ | — |  |  | $ | 10,434 |
Collectively evaluated for impairment |  | 9,973 |  |  | 27,327 |  |  | 5,223 |  |  | 702 |  |  | 19,272 |  |  | 562 |  |  | 227 |  |  | 63,286 |
Ending balance |  | $ | 18,169 |  |  | $ | 28,527 |  |  | $ | 5,598 |  |  | $ | 1,352 |  |  | $ | 19,272 |  |  | $ | 575 |  |  | $ | 227 |  |  | $ | 73,720 |
Schedule of amortized cost basis of collateral-dependent loans by class of loans | The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of September 30, 2020: ​
(dollars in thousands) |  | Business/Other Assets |  | Real Estate
Commercial |  | $ | 14,075 |  |  | $ | 2,948 |
Income producing - commercial real estate |  | 3,193 |  |  | 26,063 |
Owner occupied - commercial real estate |  | — |  |  | 14,215 |
Real estate mortgage - residential |  | — |  |  | 5,335 |
Construction - commercial and residential |  | — |  |  | 2,274 |
Home equity |  | — |  |  | 109 |
Other consumer |  | 8 |  |  | — |
Total |  | $ | 17,276 |  |  | $ | 50,944 |
Schedule of the risk category of loans by class of loans |
September 30, 2020 (dollars in thousands) |  | Prior |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | Total
Commercial |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Pass |  | 375,848 |  |  | 124,678 |  |  | 306,487 |  |  | 249,287 |  |  | 193,594 |  |  | 155,505 |  |  | 1,405,399 |
Watch |  | 32,430 |  |  | — |  |  | — |  |  | 451 |  |  | — |  |  | — |  |  | 32,881 |
Special Mention |  | 1,302 |  |  | 4,766 |  |  | 2,046 |  |  | 12,421 |  |  | 207 |  |  | — |  |  | 20,742 |
Substandard |  | 16,915 |  |  | 3,125 |  |  | 32,399 |  |  | 9,478 |  |  | 3,674 |  |  | — |  |  | 65,591 |
Total |  | 426,495 |  |  | 132,569 |  |  | 340,932 |  |  | 271,637 |  |  | 197,475 |  |  | 155,505 |  |  | 1,524,613 |
PPP loans |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 456,115 |  |  | 456,115 |
Total |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 456,115 |  |  | 456,115 |
Income producing - commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 756,002 |  |  | 402,690 |  |  | 421,428 |  |  | 685,804 |  |  | 705,972 |  |  | 377,721 |  |  | 3,349,617 |
Watch |  | 150,215 |  |  | — |  |  | — |  |  | — |  |  | 47,644 |  |  | — |  |  | 197,859 |
Special Mention |  | 203 |  |  | 800 |  |  | 4,656 |  |  | 4,883 |  |  | 5,542 |  |  | — |  |  | 16,084 |
Substandard |  | 13,375 |  |  | 15,480 |  |  | 74,168 |  |  | 53,616 |  |  | 4,640 |  |  | — |  |  | 161,279 |
Total |  | 919,795 |  |  | 418,970 |  |  | 500,252 |  |  | 744,303 |  |  | 763,798 |  |  | 377,721 |  |  | 3,724,839 |
Owner occupied - commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 344,863 |  |  | 105,381 |  |  | 115,144 |  |  | 139,991 |  |  | 74,286 |  |  | 29,169 |  |  | 808,834 |
Watch |  | 50,018 |  |  | 764 |  |  | — |  |  | 355 |  |  | 3,475 |  |  | — |  |  | 54,612 |
Substandard |  | 9,584 |  |  | 2,038 |  |  | 2,645 |  |  | 95,171 |  |  | 24,761 |  |  | — |  |  | 134,199 |
Total |  | 404,465 |  |  | 108,183 |  |  | 117,789 |  |  | 235,517 |  |  | 102,522 |  |  | 29,169 |  |  | 997,645 |
Real estate mortgage - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 18,121 |  |  | 3,410 |  |  | 10,377 |  |  | 14,593 |  |  | 23,100 |  |  | 6,837 |  |  | 76,438 |
Watch |  | 612 |  |  | 4,154 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,766 |
Substandard |  | 1,181 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,181 |
Total |  | 19,914 |  |  | 7,564 |  |  | 10,377 |  |  | 14,593 |  |  | 23,100 |  |  | 6,837 |  |  | 82,385 |
Construction - commercial and residential |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 32,535 |  |  | 65,703 |  |  | 286,922 |  |  | 314,061 |  |  | 104,335 |  |  | 46,832 |  |  | 850,388 |
Substandard |  | 853 |  |  | 1,866 |  |  | 408 |  |  | — |  |  | — |  |  | — |  |  | 3,127 |
Watch |  | — |  |  | — |  |  | 25,629 |  |  | — |  |  | — |  |  | — |  |  | 25,629 |
Total |  | 33,388 |  |  | 67,569 |  |  | 312,959 |  |  | 314,061 |  |  | 104,335 |  |  | 46,832 |  |  | 879,144 |
Construction - C&I (owner occupied) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 11,162 |  |  | 10,577 |  |  | 6,501 |  |  | 29,963 |  |  | 18,761 |  |  | 43,997 |  |  | 120,961 |
Watch |  | 787 |  |  | — |  |  | 2,121 |  |  | 3,251 |  |  | 13,237 |  |  | — |  |  | 19,396 |
Total |  | 11,949 |  |  | 10,577 |  |  | 8,622 |  |  | 33,214 |  |  | 31,998 |  |  | 43,997 |  |  | 140,357 |
Home Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 38,049 |  |  | 4,970 |  |  | 8,274 |  |  | 8,314 |  |  | 4,369 |  |  | 6,918 |  |  | 70,894 |
Watch |  | 1,401 |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | — |  |  | 1,450 |
Substandard |  | 304 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 304 |
Total |  | 39,754 |  |  | 4,970 |  |  | 8,274 |  |  | 8,314 |  |  | 4,418 |  |  | 6,918 |  |  | 72,648 |
Other Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 2,039 |  |  | 169 |  |  | 108 |  |  | 50 |  |  | 100 |  |  | 33 |  |  | 2,499 |
Substandard |  | 10 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |
Total |  | 2,049 |  |  | 169 |  |  | 108 |  |  | 50 |  |  | 100 |  |  | 33 |  |  | 2,509 |
Total Recorded Investment |  | $ | 1,857,809 |  |  | $ | 750,571 |  |  | $ | 1,299,313 |  |  | $ | 1,621,689 |  |  | $ | 1,227,746 |  |  | $ | 1,123,127 |  |  | $ | 7,880,255 |
Schedule of loans by class and credit quality indicators | The Company’s credit quality indicators are generally updated annually; however, credits rated watch or below are reviewed more frequently. The following table presents by class and by credit quality indicator, the recorded investment in the Company’s loans and leases as of December 31, 2019: ​
​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | Total
(dollars in thousands) |  | Pass |  | Watch |  | Special Mention |  | Substandard |  | Doubtful |  | Loans
December 31, 2019 |  |  |  |  |  | ​ |  |  |  |  |  |
Commercial |  | $ | 1,470,636 |  |  | $ | 38,522 |  |  | $ | 11,460 |  |  | $ | 25,288 |  |  | $ | — |  |  | $ | 1,545,906 |
Income producing - commercial real estate |  | 3,667,585 |  |  | 16,069 |  |  | — |  |  | 19,093 |  |  | — |  |  | 3,702,747 |
Owner occupied - commercial real estate |  | 925,800 |  |  | 53,146 |  |  | — |  |  | 6,463 |  |  | — |  |  | 985,409 |
Real estate mortgage - residential |  | 98,228 |  |  | 628 |  |  | — |  |  | 5,365 |  |  | — |  |  | 104,221 |
Construction - commercial and residential |  | 1,113,734 |  |  | — |  |  | — |  |  | 11,510 |  |  | — |  |  | 1,125,244 |
Home equity |  | 78,626 |  |  | 948 |  |  | — |  |  | 487 |  |  | — |  |  | 80,061 |
Other consumer |  | 2,160 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,160 |
Total |  | $ | 7,356,769 |  |  | $ | 109,313 |  |  | $ | 11,460 |  |  | $ | 68,206 |  |  | $ | — |  |  | $ | 7,545,748 |
Schedule by class of loan, an aging analysis and the recorded investments in loans past due | The following table presents, by class of loan, an aging analysis and the recorded investments in loans past due as of September 30, 2020 (unaudited) and December 31, 2019: ​
​ |  | ​ |  | Loans |  | Loans |  | Loans |  |  |  | ​ |  | Total Recorded
​ |  | Current |  | 30-59 Days |  | 60-89 Days |  | 90 Days or |  | Total Past |  | ​ |  | Investment in
(dollars in thousands) |  | Loans |  | Past Due |  | Past Due |  | More Past Due |  | Due Loans |  | Non-Accrual |  | Loans
September 30, 2020 |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Commercial |  | $ | 1,494,038 |  |  | $ | 4,585 |  |  | $ | 10,154 |  |  | $ | — |  |  | $ | 14,739 |  |  | $ | 15,836 |  |  | $ | 1,524,613 |
PPP loans |  | 456,115 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 456,115 |
Income producing - commercial real estate |  | 3,696,949 |  |  | — |  |  | 7,822 |  |  | — |  |  | 7,822 |  |  | 20,068 |  |  | 3,724,839 |
Owner occupied - commercial real estate |  | 983,021 |  |  | — |  |  | 446 |  |  | — |  |  | 446 |  |  | 14,178 |  |  | 997,645 |
Real estate mortgage - residential |  | 76,798 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,587 |  |  | 82,385 |
Construction - commercial and residential |  | 876,361 |  |  | — |  |  | 509 |  |  | — |  |  | 509 |  |  | 2,274 |  |  | 879,144 |
Construction - C&I (owner occupied) |  | 138,837 |  |  | 1,520 |  |  | — |  |  | — |  |  | 1,520 |  |  | — |  |  | 140,357 |
Home equity |  | 71,837 |  |  | 656 |  |  | 46 |  |  | — |  |  | 702 |  |  | 109 |  |  | 72,648 |
Other consumer |  | 2,492 |  |  | 9 |  |  | — |  |  | — |  |  | 9 |  |  | 8 |  |  | 2,509 |
Total |  | $ | 7,796,448 |  |  | $ | 6,770 |  |  | $ | 18,977 |  |  | $ | — |  |  | $ | 25,747 |  |  | $ | 58,060 |  |  | $ | 7,880,255 |
​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
December 31, 2019 |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Commercial |  | $ | 1,527,134 |  |  | $ | 3,063 |  |  | $ | 781 |  |  | $ | — |  |  | $ | 3,844 |  |  | $ | 14,928 |  |  | $ | 1,545,906 |
Income producing - commercial real estate |  | 3,687,494 |  |  | — |  |  | 5,542 |  |  | — |  |  | 5,542 |  |  | 9,711 |  |  | 3,702,747 |
Owner occupied - commercial real estate |  | 965,938 |  |  | 13,008 |  |  | — |  |  | — |  |  | 13,008 |  |  | 6,463 |  |  | 985,409 |
Real estate mortgage – residential |  | 95,057 |  |  | 3,533 |  |  | — |  |  | — |  |  | 3,533 |  |  | 5,631 |  |  | 104,221 |
Construction - commercial and residential |  | 1,113,735 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,509 |  |  | 1,125,244 |
Home equity |  | 79,246 |  |  | 136 |  |  | 192 |  |  | — |  |  | 328 |  |  | 487 |  |  | 80,061 |
Other consumer |  | 2,151 |  |  | — |  |  | 9 |  |  | — |  |  | 9 |  |  | — |  |  | 2,160 |
Total |  | $ | 7,470,755 |  |  | $ | 19,740 |  |  | $ | 6,524 |  |  | $ | — |  |  | $ | 26,264 |  |  | $ | 48,729 |  |  | $ | 7,545,748 |
Schedule of information related to nonaccrual loans by class | The following presents the nonaccrual loans as of September 30, 2020 (unaudited) and December 31, 2019: ​
​ |  | September 30, 2020 |  | December 31, 2019
​ |  | Nonaccrual with |  | Nonaccrual with |  | Total |  | Total
​ |  | No Allowance |  | an Allowance |  | Nonaccrual |  | Nonaccrual
(dollars in thousands) |  | for Credit Loss |  | for Credit Loss |  | Loans |  | Loans
​ |  | ​ |  | ​ |  | ​ |  | ​
Commercial |  | 572 |  |  | 15,262 |  |  | 15,834 |  |  | 14,928 |
PPP loans |  | — |  |  | — |  |  | — |  |  | — |
Income producing - commercial real estate |  | 6,690 |  |  | 13,379 |  |  | 20,069 |  |  | 9,711 |
Owner occupied - commercial real estate |  | 12,627 |  |  | 1,551 |  |  | 14,178 |  |  | 6,463 |
Real estate mortgage - residential |  | 1,434 |  |  | 4,154 |  |  | 5,588 |  |  | 5,631 |
Construction - commercial and residential |  | 1,866 |  |  | 408 |  |  | 2,274 |  |  | 11,509 |
Home equity |  | 109 |  |  | — |  |  | 109 |  |  | 487 |
Other consumer |  | 5 |  |  | 3 |  |  | 8 |  |  | — |
Total (1)(2) |  | $ | 23,303 |  |  | $ | 34,757 |  |  | $ | 58,060 |  |  | $ | 48,729 |
________________________________________ (1)Excludes TDRs that were performing under their restructured terms totaling $10.1 at September 30, 2020 and $16.6 million at December 31, 2019. (2)Gross interest income of $2.6 million and $2.7 million would have been recorded for the nine months ended September 30, 2020 and 2019, 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 $282 thousand and $598 thousand for the nine months ended September 30, 2020 and 2019, 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 at December 31, 2019: ​
​ |  | Unpaid |  | Recorded |  | Recorded |  | ​ |  | ​ |  | Average Recorded |  | Interest Income
​ |  | Contractual |  | Investment |  | Investment |  | Total |  | ​ |  | Investment |  | Recognized
​ |  | Principal |  | With No |  | With |  | Recorded |  | Related |  | Year |  | Year
(dollars in thousands) |  | Balance |  | Allowance |  | Allowance |  | Investment |  | Allowance |  | to Date |  | To Date
December 31, 2019 |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Commercial |  | $ | 15,814 |  |  | $ | 11,858 |  |  | $ | 3,956 |  |  | $ | 15,814 |  |  | $ | 5,714 |  |  | $ | 15,682 |  |  | $ | 270 |
Income producing - commercial real estate |  | 14,093 |  |  | 2,713 |  |  | 11,380 |  |  | 14,093 |  |  | 2,145 |  |  | 18,133 |  |  | 382 |
Owner occupied - commercial real estate |  | 7,349 |  |  | 6,388 |  |  | 961 |  |  | 7,349 |  |  | 415 |  |  | 6,107 |  |  | 197 |
Real estate mortgage - residential |  | 5,631 |  |  | 3,175 |  |  | 2,456 |  |  | 5,631 |  |  | 650 |  |  | 5,638 |  |  | — |
Construction - commercial and residential |  | 11,509 |  |  | 11,101 |  |  | 408 |  |  | 11,509 |  |  | 100 |  |  | 8,211 |  |  | 92 |
Home equity |  | 487 |  |  | — |  |  | 487 |  |  | 487 |  |  | 100 |  |  | 487 |  |  | — |
Other consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 54,883 |  |  | $ | 35,235 |  |  | $ | 19,648 |  |  | $ | 54,883 |  |  | $ | 9,124 |  |  | $ | 54,258 |  |  | $ | 941 |
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 September 30, 2020 and 2019. ​
​ |  | Nine Months Ended September 30, 2020
​ |  | ​ |  | ​ |  | Income |  | Owner |  | ​ |  | ​
​ |  | Number |  | ​ |  | Producing - |  | Occupied - |  | Construction - |  | ​
​ |  | of |  | ​ |  | Commercial |  | Commercial |  | Commercial |  | ​
(dollars in thousands) |  | Contracts |  | Commercial |  | Real Estate |  | Real Estate |  | Real Estate |  | Total
Troubled debt restructurings |  |  |  |  |  |  |  |  |  |  |  |
Restructured accruing |  | 7 |  |  | $ | 1,297 |  |  | $ | 9,188 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 10,522 |
Restructured nonaccruing |  | 4 |  |  | 138 |  |  | 6,342 |  |  | 2,370 |  |  | — |  |  | 8,850 |
Total |  | 11 |  |  | $ | 1,435 |  |  | $ | 15,530 |  |  | $ | 2,407 |  |  | $ | — |  |  | $ | 19,372 |
​ |  | ​ |  |  |  |  |  |  |  |  |  |
Specific allowance |  | ​ |  | $ | 227 |  |  | $ | 629 |  |  | $ | — |  |  | $ | — |  |  | $ | 856 |
​ |  | ​ |  |  |  |  |  |  |  |  |  |
Restructured and subsequently defaulted |  | ​ |  | $ | 138 |  |  | $ | 11,161 |  |  | $ | 2,370 |  |  | $ | — |  |  | $ | 13,669 |
​
​ |  | Nine Months Ended September 30, 2019
​ |  | ​ |  | ​ |  | Income |  | Owner |  | ​ |  | ​
​ |  | Number |  | ​ |  | Producing - |  | Occupied - |  | Construction - |  | ​
​ |  | of |  | ​ |  | Commercial |  | Commercial |  | Commercial |  | ​
(dollars in thousands) |  | Contracts |  | Commercial |  | Real Estate |  | Real Estate |  | Real Estate |  | Total
Troubled debt restructurings |  |  |  |  |  |  |  |  |  |  |  |
Restructured accruing |  | 7 |  |  | $ | 898 |  |  | $ | 4,387 |  |  | $ | 3,283 |  |  | $ | — |  |  | $ | 8,568 |
Restructured nonaccruing |  | 3 |  |  | 1,521 |  |  | — |  |  | — |  |  | — |  |  | 1,521 |
Total |  | 10 |  |  | $ | 2,419 |  |  | $ | 4,387 |  |  | $ | 3,283 |  |  | $ | — |  |  | $ | 10,089 |
​ |  | ​ |  |  |  |  |  |  |  |  |  |
Specific allowance |  | ​ |  | $ | — |  |  | $ | 1,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,000 |
​ |  | ​ |  |  |  |  |  |  |  |  |  |
Restructured and subsequently defaulted |  | ​ |  | $ | — |  |  | $ | 2,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,300 |

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