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Loans and Allowance for Credit Losses on Loans | 6 Months Ended
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Jun. 30, 2020
Allowance for Credit Losses on Loans |
Allowance for Credit Losses on Loans | 5) Loans and Allowance for Credit Losses on Loans ​ The allowance for credit losses on loans was calculated by pooling loans of similar credit risk characteristics and credit monitoring procedures. The loan portfolio is classified into eight segments of loans - commercial, commercial real estate – owner occupied, commercial real estate – non-owner occupied, land and construction, home equity, multifamily, residential mortgage and consumer and other. ​ The risk characteristics of each loan portfolio segment are as follows: ​ Commercial ​ Commercial loans primarily rely on the identified cash flows of the borrower for repayment and secondarily on the underlying collateral provided by the borrower. However, the cash flows of the borrowers may not be as expected and the collateral securing these loans may vary in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable, inventory or equipment and may incorporate a personal guarantee; however, some loans may be unsecured. Included in commercial loans are $324,550,000 of SBA Paycheck Protection Program ("PPP") loans. ​ Commercial Real Estate (“CRE”) ​ Commercial real estate loans rely primarily on the cash flows of the properties securing the loan and secondarily on the value of the property that is securing the loan. Commercial real estate loans comprise two segments differentiated by owner occupied commercial real estate and non-owner commercial real estate. Owner occupied commercial real estate loans are secured by commercial properties that are at least 50% occupied by the borrower or borrower affiliate. Non-owner occupied commercial real estate loans are secured by commercial properties that are less than 50% occupied by the borrower or borrower affiliate. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. ​ Land and Construction ​ Land and construction loans are generally based on estimates of costs and value associated with the complete project. Construction loans usually involve the disbursement of funds with repayment substantially dependent on the success of the completion of the project. Sources of repayment for these loans may be permanent loans from HBC or other lenders, or proceeds from the sales of the completed project. These loans are monitored by on-site inspections and are considered to have higher risk than other real estate loans due to the final repayment dependent on numerous factors including general economic conditions. ​ Home Equity ​ Home equity loans are secured by 1-4 family residences that are generally owner occupied. Repayment of these loans depends primarily on the personal income of the borrower and secondarily by the value of the property securing the loan which can be impacted by changes in economic conditions such as the unemployment rate and property values. ​ Multifamily ​ Multifamily loans are loans on residential properties with five or more units. These loans rely primarily on the cash flows of the properties securing the loan for repayment and secondarily on the value of the properties securing the loan. The cash flows of these borrowers can fluctuate along with the values of the underlying property depending on general economic conditions. ​ Residential Mortgages ​ Residential mortgage loans are secured by 1-4 family residences which are generally owner-occupied. Repayment of these loans depends primarily on the personal income of the borrower and secondarily by the value of the property securing the loan which can be impacted by changes in economic conditions such as the unemployment rate and property values. ​ Consumer and Other ​ Consumer and other loans are secured by personal property or are unsecured and rely primarily on the income of the borrower for repayment and secondarily on the collateral value for secured loans. Borrower income and collateral value can vary dependent on economic conditions. ​ Loans by portfolio segment and the allowance for credit losses on loans were as follows for the periods indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2020 |  | 2019
​ | ​ | (Dollars in thousands)
Loans held-for-investment: | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 878,393 | ​ | $ | 603,345
Real estate: | ​ | ​ | ​ | ​ | ​ | ​
CRE - owner occupied | ​ | ​ | 553,463 | ​ | ​ | 548,907
CRE - non-owner occupied | ​ |  | 725,776 | ​ |  | 767,821
Land and construction | ​ |  | 138,284 | ​ |  | 147,189
Home equity | ​ |  | 112,679 | ​ |  | 151,775
Multifamily | ​ | ​ | 169,637 | ​ | ​ | 180,623
Residential mortgages | ​ | ​ | 95,033 | ​ | ​ | 100,759
Consumer and other | ​ |  | 22,759 | ​ |  | 33,744
Loans | ​ |  | 2,696,024 | ​ |  | 2,534,163
Deferred loan fees, net | ​ |  | (9,635) | ​ |  | (319)
Loans, net of deferred fees | ​ |  | 2,686,389 | ​ |  | 2,533,844
Allowance for credit losses on loans(1) | ​ |  | (45,444) | ​ |  | (23,285)
Loans, net | ​ | $ | 2,640,945 | ​ | $ | 2,510,559
​ | ​ | ​ | ​ | ​ | ​ | ​
(1)Allowance for credit losses on loans at June 30, 2020, Allowance for loan losses for the prior periods.
​ The loss estimates for each segment are derived using a discounted cash flow analysis that incorporates a forecast of economic factors that have historic correlation to loan losses. The most significant economic factor used in the calculation of estimated loan losses is the California unemployment rate which is used for each segment. California GDP, and California retail trade earnings, California home price index, and a commercial real estate value index are secondary economic factors used with California unemployment rate in various loan segments. A four quarter forecast of each economic factor is used for each loan segment and the economic factors are assumed to revert to the historic mean over an eight quarter period after the four quarter forecast period. ​ Changes in the allowance for credit losses on loans were as follows for the three months ended June 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | CRE | ​ | CRE | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Owner | ​ | Non-owner | ​ | Land & | ​ | Home | ​ | Multi- | ​ | Residential | ​ | Consumer | ​ | ​ | ​
​ |  | Commercial |  | Occupied | ​ | Occupied |  | Construction | ​ | Equity | ​ | Family | ​ | Mortgage | ​ | and Other |  | Total
​ | ​ | (Dollars in thousands)
Beginning of period balance | ​ | $ | 12,801 | ​ | $ | 7,737 | ​ | $ | 15,645 | ​ | $ | 2,603 | ​ | $ | 1,746 | ​ | $ | 1,622 | ​ | $ | 708 | ​ | $ | 1,841 | ​ | $ | 44,703
Charge-offs | ​ |  | (465) | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | (465)
Recoveries | ​ |  | 46 | ​ |  | 1 | ​ |  | — | ​ | ​ | 13 | ​ | ​ | 31 | ​ | ​ | — | ​ | ​ | — | ​ |  | 1 | ​ |  | 92
Net (charge-offs) recoveries | ​ |  | (419) | ​ |  | 1 | ​ |  | — | ​ | ​ | 13 | ​ | ​ | 31 | ​ | ​ | — | ​ | ​ | — | ​ |  | 1 | ​ |  | (373)
Provision for credit losses on loans | ​ | ​ | 797 | ​ | ​ | 809 | ​ | ​ | (196) | ​ | ​ | (64) | ​ | ​ | 74 | ​ | ​ | 206 | ​ | ​ | 117 | ​ | ​ | (629) | ​ | ​ | 1,114
End of period balance | ​ | $ | 13,179 | ​ | $ | 8,547 | ​ | $ | 15,449 | ​ | $ | 2,552 | ​ | $ | 1,851 | ​ | $ | 1,828 | ​ | $ | 825 | ​ | $ | 1,213 | ​ | $ | 45,444
​ Changes in the allowance for loan losses were as follows for the three months ended June 30, 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Commercial |  | Real Estate | ​ | Consumer |  | Total
​ | ​ | (Dollars in thousands)
Beginning of period balance | ​ | $ | 15,557 | ​ | $ | 11,671 | ​ | $ | 90 | ​ | $ | 27,318
Charge-offs | ​ |  | (76) | ​ |  | — | ​ |  | — | ​ |  | (76)
Recoveries | ​ |  | 87 | ​ |  | 42 | ​ |  | — | ​ |  | 129
Net recoveries | ​ |  | 11 | ​ | ​ | 42 | ​ | ​ | — | ​ |  | 53
Provision (credit) for loan losses | ​ |  | (334) | ​ |  | (406) | ​ |  | — | ​ |  | (740)
End of period balance | ​ | $ | 15,234 | ​ | $ | 11,307 | ​ | $ | 90 | ​ | $ | 26,631
​ Changes in the allowance for credit losses on loans were as follows for the six months ended June 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Owner | ​ | Non-owner | ​ | Land & | ​ | Home | ​ | Multi- | ​ | Residential | ​ | Consumer | ​ | ​ | ​
​ |  | Commercial |  | Occupied | ​ | Occupied |  | Construction | ​ | Equity | ​ | Family | ​ | Mortgage | ​ | and Other |  | Total
​ | ​ | (Dollars in thousands)
Beginning of period balance | ​ | $ | 10,453 | ​ | $ | 3,825 | ​ | $ | 3,760 | ​ | $ | 2,621 | ​ | $ | 2,244 | ​ | $ | 57 | ​ | $ | 243 | ​ | $ | 82 | ​ | $ | 23,285
Adoption of Topic 326 | ​ | ​ | (3,663) | ​ | ​ | 3,169 | ​ | ​ | 7,912 | ​ | ​ | (1,163) | ​ | ​ | (923) | ​ | ​ | 1,196 | ​ | ​ | 435 | ​ | ​ | 1,607 | ​ | ​ | 8,570
Balance at adoption on January 1, 2020 | ​ | ​ | 6,790 | ​ | ​ | 6,994 | ​ | ​ | 11,672 | ​ | ​ | 1,458 | ​ | ​ | 1,321 | ​ | ​ | 1,253 | ​ | ​ | 678 | ​ | ​ | 1,689 | ​ | ​ | 31,855
Charge-offs | ​ |  | (1,135) | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3) | ​ |  | (1,138)
Recoveries | ​ |  | 255 | ​ |  | 1 | ​ |  | — | ​ | ​ | 32 | ​ | ​ | 54 | ​ | ​ | — | ​ | ​ | — | ​ |  | 1 | ​ |  | 343
Net (charge-offs) recoveries | ​ |  | (880) | ​ |  | 1 | ​ |  | — | ​ | ​ | 32 | ​ | ​ | 54 | ​ | ​ | — | ​ | ​ | — | ​ |  | (2) | ​ |  | (795)
Provision for credit losses on loans | ​ | ​ | 7,269 | ​ | ​ | 1,552 | ​ | ​ | 3,777 | ​ | ​ | 1,062 | ​ | ​ | 476 | ​ | ​ | 575 | ​ | ​ | 147 | ​ | ​ | (474) | ​ | ​ | 14,384
End of period balance | ​ | $ | 13,179 | ​ | $ | 8,547 | ​ | $ | 15,449 | ​ | $ | 2,552 | ​ | $ | 1,851 | ​ | $ | 1,828 | ​ | $ | 825 | ​ | $ | 1,213 | ​ | $ | 45,444
​ Changes in the allowance for loan losses were as follows for the six months ended June 30, 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Commercial |  | Real Estate | ​ | Consumer |  | Total
​ | ​ | (Dollars in thousands)
Beginning of period balance | ​ | $ | 17,061 | ​ | $ | 10,671 | ​ | $ | 116 | ​ | $ | 27,848
Charge-offs | ​ |  | (302) | ​ |  | — | ​ |  | ​ | ​ |  | (302)
Recoveries | ​ |  | 802 | ​ |  | 84 | ​ |  | — | ​ |  | 886
Net recoveries | ​ |  | 500 | ​ |  | 84 | ​ |  | — | ​ |  | 584
Provision (credit) for loan losses | ​ |  | (2,327) | ​ | ​ | 552 | ​ | ​ | (26) | ​ |  | (1,801)
End of period balance | ​ | $ | 15,234 | ​ | $ | 11,307 | ​ | $ | 90 | ​ | $ | 26,631
​ The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, based on the impairment method as follows at year-end: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​
​ |  | Commercial |  | Real Estate |  | and other |  | Total
​ | ​ | (Dollars in thousands)
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending allowance balance attributable to loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 1,835 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,835
Collectively evaluated for impairment | ​ |  | 8,618 | ​ |  | 12,750 | ​ | ​ | 82 | ​ |  | 21,450
Total allowance balance | ​ | $ | 10,453 | ​ | $ | 12,750 | ​ | $ | 82 | ​ | $ | 23,285
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 4,810 | ​ | $ | 5,454 | ​ | $ | — | ​ | $ | 10,264
Collectively evaluated for impairment | ​ |  | 598,535 | ​ |  | 1,891,620 | ​ |  | 33,744 | ​ |  | 2,523,899
Total loan balance | ​ | $ | 603,345 | ​ | $ | 1,897,074 | ​ | $ | 33,744 | ​ | $ | 2,534,163
​ The following table presents the amortized cost basis of nonperforming loans and loans past due over 90 days and still accruing at June 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ | ​ | ​ | Restructured |  | ​
​ | ​ | Nonaccrual | ​ | Nonaccrual | ​ | ​ | and Loans | ​ | ​
​ | ​ | with no Specific | ​ | with Specific | ​ | ​ | over 90 Days | ​ | ​ | ​
​ | ​ | Allowance for | ​ | Allowance for | ​ | ​ | Past Due | ​ | ​ | ​
​ | ​ | Credit | ​ | Credit | ​ | ​ | and Still | ​ | ​
​ | ​ | Losses | ​ | Losses | ​ | ​ | Accruing | ​ | Total
​ | ​ | (Dollars in thousands)
Commercial | ​ | $ | 747 | ​ | $ | 1,669 | ​ | $ | 668 | ​ | $ | 3,084
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - Owner Occupied | ​ |  | 3,679 | ​ | ​ | — | ​ | ​ | — | ​ |  | 3,679
CRE - Non-Owner Occupied | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Land and construction | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | —
Home equity | ​ |  | 898 | ​ | ​ | — | ​ | ​ | — | ​ |  | 898
Multifamily | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Residential mortgages | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ | ​ | — | ​ | ​ | 1,464 | ​ | ​ | — | ​ | ​ | 1,464
Total | ​ | $ | 5,324 | ​ | $ | 3,133 | ​ | $ | 668 | ​ | $ | 9,125
​ The following table presents nonperforming loans by class at December 31, 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Restructured |  | ​
​ | ​ | ​ | ​ | and Loans | ​ | ​
​ | ​ | ​ | ​ | over 90 Days | ​ | ​ | ​
​ | ​ | ​ | ​ | Past Due | ​ | ​ | ​
​ | ​ | ​ | ​ | and Still | ​ | ​
​ | ​ | Nonaccrual | ​ | Accruing | ​ | Total
​ | ​ | (Dollars in thousands)
Commercial | ​ | $ | 3,444 | ​ | $ | 1,153 | ​ | $ | 4,597
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE | ​ |  | 5,094 | ​ | ​ | — | ​ |  | 5,094
Home equity | ​ |  | 137 | ​ | ​ | — | ​ |  | 137
Total | ​ | $ | 8,675 | ​ | $ | 1,153 | ​ | $ | 9,828
​ The following tables presents the aging of past due loans by class for the periods indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2020
​ |  | 30 - 59 |  | 60 - 89 |  | 90 Days or |  | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | Days | ​ | Days | ​ | Greater | ​ | Total | ​ | ​ | ​ | ​
​ | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Current | ​ | Total
​ | ​ | (Dollars in thousands)
Commercial | ​ | $ | 5,195 | ​ | $ | 1,873 | ​ | $ | 988 | ​ | $ | 8,056 | ​ | $ | 870,337 | ​ | $ | 878,393
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - Owner Occupied | ​ |  | — | ​ |  | — | ​ |  | 29 | ​ | ​ | 29 | ​ |  | 553,434 | ​ |  | 553,463
CRE - Non-Owner Occupied | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 725,776 | ​ | ​ | 725,776
Land and construction | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 138,284 | ​ |  | 138,284
Home equity | ​ |  | — | ​ |  | — | ​ |  | 898 | ​ |  | 898 | ​ |  | 111,781 | ​ |  | 112,679
Multifamily | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 169,637 | ​ | ​ | 169,637
Residential mortgages | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 95,033 | ​ | ​ | 95,033
Consumer and other | ​ |  | 1,057 | ​ |  | — | ​ |  | 1,464 | ​ |  | 2,521 | ​ |  | 20,238 | ​ |  | 22,759
Total | ​ | $ | 6,252 | ​ | $ | 1,873 | ​ | $ | 3,379 | ​ | $ | 11,504 | ​ | $ | 2,684,520 | ​ | $ | 2,696,024
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2019
​ |  | 30 - 59 |  | 60 - 89 |  | 90 Days or |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | Days | ​ | Days | ​ | Greater | ​ | Total | ​ | ​ | ​ | ​
​ | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Current | ​ | Total
​ | ​ | (Dollars in thousands)
Commercial | ​ | $ | 4,770 | ​ | $ | 2,097 | ​ | $ | 3,217 | ​ | $ | 10,084 | ​ | $ | 593,261 | ​ | $ | 603,345
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - Owner Occupied | ​ |  | — | ​ |  | — | ​ |  | 5,094 | ​ | ​ | 5,094 | ​ |  | 543,813 | ​ |  | 548,907
CRE - Non-Owner Occupied | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 767,821 | ​ | ​ | 767,821
Land and construction | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 147,189 | ​ |  | 147,189
Home equity | ​ |  | — | ​ |  | 137 | ​ |  | — | ​ |  | 137 | ​ |  | 151,638 | ​ |  | 151,775
Multifamily | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 180,623 | ​ | ​ | 180,623
Residential mortgages | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 100,759 | ​ | ​ | 100,759
Consumer and other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 33,744 | ​ |  | 33,744
Total | ​ | $ | 4,770 | ​ | $ | 2,234 | ​ | $ | 8,311 | ​ | $ | 15,315 | ​ | $ | 2,518,848 | ​ | $ | 2,534,163
​ Past due loans 30 days or greater totaled $11,504,000 and $15,315,000 at June 30, 2020 and December 31, 2019, respectively, of which $2,844,000 and $7,413,000 were on nonaccrual, respectively. At June 30, 2020, there were also $5,613,000 of loans less than 30 days past due included in nonaccrual loans held-for-investment. At December 31, 2019, there were also $1,262,000 loans less than 30 days past due included in nonaccrual loans held-for-investment. Management’s classification of a loan as “nonaccrual” is an indication that there is reasonable doubt as to the full recovery of principal or interest on the loan. At that point, the Company stops accruing interest income, and reverses any uncollected interest that had been accrued as income. The Company begins recognizing interest income only as cash interest payments are received and it has been determined the collection of all outstanding principal is not in doubt. Credit Quality Indicators ​ Concentrations of credit risk arise when a number of customers are engaged in similar business activities, or activities in the same geographic region, or have similar features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s loan portfolio is concentrated in commercial (primarily manufacturing, wholesale, and service) and real estate lending, with the remaining balance in consumer loans. While no specific industry concentration is considered significant, the Company’s lending operations are located in the Company’s market areas that are dependent on the technology and real estate industries and their supporting companies. Thus, the Company’s borrowers could be adversely impacted by a downturn in these sectors of the economy which could reduce the demand for loans and adversely impact the borrowers’ ability to repay their loans. ​ The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, and other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis. Nonclassified loans generally include those loans that are expected to be repaid in accordance with contractual loans terms. Loans categorized as special mention have potential weaknesses that may, if not checked or corrected, weaken the credit or inadequately protect the Company’s position at some future date. These loans pose elevated risk, but their weaknesses do not yet justify a substandard classification. Classified loans are those loans that are assigned a substandard, substandard-nonaccrual, or doubtful risk rating using the following definitions: ​ Special Mention. A Special Mention asset has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the asset or in the credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. ​ Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that will jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ​ Substandard-Nonaccrual. Loans classified as substandard-nonaccrual are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any, and it is probable that the Company will not receive payment of the full contractual principal and interest. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. In addition, the Company no longer accrues interest on the loan because of the underlying weaknesses. ​ Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. ​ Loss. Loans classified as loss are considered uncollectable or of so little value that their continuance as assets is not warranted. This classification does not necessarily mean that a loan has no recovery or salvage value; but rather, there is much doubt about whether, how much, or when the recovery would occur. Loans classified as loss are immediately charged off against the allowance for credit losses on loans. Therefore, there is no balance to report as of June 30, 2020 and December 31, 2019. ​ The following table presents term loans amortized cost by vintage and loan grade classification, and revolving loans amortized cost by loan grade classification. The loan grade classifications are based on the Bank’s internal loan grading methodology. Loan grade categories for doubtful and loss rated loans are not included on the table below as there are no loans with those grades at June 30, 2020. The vintage year represents the period the loan was originated or in the case of renewed loans, the period last renewed. The amortized balance is the loan balance less any purchase discounts, and plus any loan purchase premiums. The loan categories are based on the loan segmentation in the Company's CECL reserve methodology based on loan purpose and type. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | Term Loans Amortized Cost Basis by Originated Period | ​ | ​ | Amortized | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2015 and | ​ | ​ | Cost | ​ | ​ | ​
​ | ​ | ​ | 2020 | ​ | ​ | 2019 | ​ | ​ | 2018 | ​ | ​ | 2017 | ​ | ​ | 2016 | ​ | ​ | Prior | ​ | ​ | Basis | ​ | ​ | Total
​ | ​ | (Dollars in thousands)
Commercial: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | $ | 404,010 | ​ | $ | 47,578 | ​ | $ | 36,471 | ​ | $ | 19,571 | ​ | $ | 10,601 | ​ | $ | 15,674 | ​ | $ | 292,448 | ​ | $ | 826,353
Special Mention | ​ | ​ | 30,835 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 320 | ​ | ​ | - | ​ | ​ | 2,607 | ​ | ​ | 33,762
Substandard | ​ | ​ | 926 | ​ | ​ | - | ​ | ​ | 72 | ​ | ​ | 604 | ​ | ​ | 2,596 | ​ | ​ | 624 | ​ | ​ | 11,040 | ​ | ​ | 15,862
Substandard-Nonaccrual | ​ | ​ | 1,449 | ​ | ​ | 59 | ​ | ​ | 340 | ​ | ​ | - | ​ | ​ | 178 | ​ | ​ | 61 | ​ | ​ | 329 | ​ | ​ | 2,416
Total | ​ | ​ | 437,220 | ​ | ​ | 47,637 | ​ | ​ | 36,883 | ​ | ​ | 20,175 | ​ | ​ | 13,695 | ​ | ​ | 16,359 | ​ | ​ | 306,424 | ​ | ​ | 878,393
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - Owner Occupied: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 78,779 | ​ | ​ | 79,282 | ​ | ​ | 78,384 | ​ | ​ | 60,021 | ​ | ​ | 52,486 | ​ | ​ | 140,208 | ​ | ​ | 16,443 | ​ | ​ | 505,603
Special Mention | ​ | ​ | 37,899 | ​ | ​ | - | ​ | ​ | 232 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 2,619 | ​ | ​ | - | ​ | ​ | 40,750
Substandard | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 2,250 | ​ | ​ | 715 | ​ | ​ | 466 | ​ | ​ | - | ​ | ​ | 3,431
Substandard-Nonaccrual | ​ | ​ | 3,102 | ​ | ​ | 548 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 29 | ​ | ​ | - | ​ | ​ | 3,679
Total | ​ | ​ | 119,780 | ​ | ​ | 79,830 | ​ | ​ | 78,616 | ​ | ​ | 62,271 | ​ | ​ | 53,201 | ​ | ​ | 143,322 | ​ | ​ | 16,443 | ​ | ​ | 553,463
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - Non-Owner Occupied: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 101,876 | ​ | ​ | 137,054 | ​ | ​ | 78,019 | ​ | ​ | 110,390 | ​ | ​ | 60,316 | ​ | ​ | 175,221 | ​ | ​ | 3,885 | ​ | ​ | 666,761
Special Mention | ​ | ​ | 46,314 | ​ | ​ | - | ​ | ​ | 1,802 | ​ | ​ | - | ​ | ​ | 4,299 | ​ | ​ | 5,568 | ​ | ​ | - | ​ | ​ | 57,983
Substandard | ​ | ​ | 1,032 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,032
Substandard-Nonaccrual | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total | ​ | ​ | 149,222 | ​ | ​ | 137,054 | ​ | ​ | 79,821 | ​ | ​ | 110,390 | ​ | ​ | 64,615 | ​ | ​ | 180,789 | ​ | ​ | 3,885 | ​ | ​ | 725,776
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Land and contruction: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 60,938 | ​ | ​ | 47,934 | ​ | ​ | 14,255 | ​ | ​ | 1,560 | ​ | ​ | - | ​ | ​ | 1,383 | ​ | ​ | 2,225 | ​ | ​ | 128,295
Special Mention | ​ | ​ | 8,406 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 8,406
Substandard | ​ | ​ | 1,583 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,583
Substandard-Nonaccrual | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total | ​ | ​ | 70,927 | ​ | ​ | 47,934 | ​ | ​ | 14,255 | ​ | ​ | 1,560 | ​ | ​ | - | ​ | ​ | 1,383 | ​ | ​ | 2,225 | ​ | ​ | 138,284
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Home equity: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 276 | ​ | ​ | - | ​ | ​ | 89 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 108,875 | ​ | ​ | 109,240
Special Mention | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,718 | ​ | ​ | 1,718
Substandard | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 143 | ​ | ​ | 680 | ​ | ​ | 823
Substandard-Nonaccrual | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 123 | ​ | ​ | 775 | ​ | ​ | 898
Total | ​ | ​ | 276 | ​ | ​ | - | ​ | ​ | 89 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 266 | ​ | ​ | 112,048 | ​ | ​ | 112,679
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Multifamily: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 17,007 | ​ | ​ | 40,571 | ​ | ​ | 18,628 | ​ | ​ | 27,700 | ​ | ​ | 16,401 | ​ | ​ | 37,322 | ​ | ​ | 845 | ​ | ​ | 158,474
Special Mention | ​ | ​ | 5,967 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 5,196 | ​ | ​ | - | ​ | ​ | 11,163
Substandard | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Substandard-Nonaccrual | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total | ​ | ​ | 22,974 | ​ | ​ | 40,571 | ​ | ​ | 18,628 | ​ | ​ | 27,700 | ​ | ​ | 16,401 | ​ | ​ | 42,518 | ​ | ​ | 845 | ​ | ​ | 169,637
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 8,607 | ​ | ​ | 10,237 | ​ | ​ | 4,970 | ​ | ​ | 11,011 | ​ | ​ | 34,304 | ​ | ​ | 15,889 | ​ | ​ | - | ​ | ​ | 85,018
Special Mention | ​ | ​ | 6,848 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,285 | ​ | ​ | 557 | ​ | ​ | 1,061 | ​ | ​ | - | ​ | ​ | 9,751
Substandard | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 264 | ​ | ​ | - | ​ | ​ | 264
Substandard-Nonaccrual | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Total | ​ | ​ | 15,455 | ​ | ​ | 10,237 | ​ | ​ | 4,970 | ​ | ​ | 12,296 | ​ | ​ | 34,861 | ​ | ​ | 17,214 | ​ | ​ | - | ​ | ​ | 95,033
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer and other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass and Watch | ​ | ​ | 16 | ​ | ​ | 3,018 | ​ | ​ | 1,567 | ​ | ​ | 23 | ​ | ​ | 135 | ​ | ​ | 1,028 | ​ | ​ | 15,427 | ​ | ​ | 21,214
Special Mention | ​ | ​ | 81 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 81
Substandard | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Substandard-Nonaccrual | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,464 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,464
Total | ​ | ​ | 97 | ​ | ​ | 3,018 | ​ | ​ | 3,031 | ​ | ​ | 23 | ​ | ​ | 135 | ​ | ​ | 1,028 | ​ | ​ | 15,427 | ​ | ​ | 22,759
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total loans | ​ | $ | 815,951 | ​ | $ | 366,281 | ​ | $ | 236,293 | ​ | $ | 234,415 | ​ | $ | 182,908 | ​ | $ | 402,879 | ​ | $ | 457,297 | ​ | $ | 2,696,024
​ ​ The following table provides a summary of the loan portfolio by loan type and credit quality classification for the period indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ |  | Nonclassified |  | Classified |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 599,143 | ​ | ​ | 4,202 | ​ | $ | 603,345
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - Owner Occupied | ​ |  | 538,229 | ​ | ​ | 10,678 | ​ |  | 548,907
CRE - Non-Owner Occupied | ​ | ​ | 761,801 | ​ | ​ | 6,020 | ​ | ​ | 767,821
Land and construction | ​ |  | 144,108 | ​ | ​ | 3,081 | ​ |  | 147,189
Home equity | ​ |  | 149,131 | ​ | ​ | 2,644 | ​ |  | 151,775
Multifamily | ​ | ​ | 180,623 | ​ | ​ | — | ​ | ​ | 180,623
Residential mortgages | ​ | ​ | 100,262 | ​ | ​ | 497 | ​ | ​ | 100,759
Consumer and other | ​ |  | 28,287 | ​ | ​ | 5,457 | ​ |  | 33,744
Total | ​ | $ | 2,501,584 | ​ | $ | 32,579 | ​ | $ | 2,534,163
​ The following table presents the amortized cost basis of collateral-dependent loans by loan classification at June 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Collateral Type
​ | ​ | ​ | Real | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Estate | ​ | ​ | Business | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Property | ​ | ​ | Assets | ​ | ​ | Unsecured | ​ | ​ | Total
​ | ​ | (Dollars in thousands)
Commercial | ​ | $ | 60 | ​ | $ | 1,478 | ​ | $ | 131 | ​ | $ | 1,669
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | -
CRE - Owner Occupied | ​ | ​ | ​ | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
CRE - Non-Owner Occupied | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Land and construction | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Home equity | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Multifamily | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Residential mortgages | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Consumer and other | ​ | ​ | 1,464 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,464
Total | ​ | $ | 1,524 | ​ | $ | 1,478 | ​ | $ | 131 | ​ | $ | 3,133
​ When management determines that foreclosures are probable, expected credit losses for collateral-dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The class of loan represents the primary collateral type associated with the loan. Significant quarter over quarter changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value. The following table details the allowance for loan losses and recorded investment in loans by loan classification as of December 31, 2019, as determined in accordance with ASC 310 prior to adoption of Topic 326: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​
​ |  | ​ |  | ​ |  | Allowance
​ | ​ | Unpaid | ​ | ​ | ​ | for Loan
​ | ​ | Principal | ​ | Recorded | ​ | Losses
​ | ​ | Balance | ​ | Investment | ​ | Allocated
​ | ​ | (Dollars in thousands)
With no related allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 2,113 | ​ | $ | 2,113 | ​ | $ | —
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE | ​ |  | 5,094 | ​ |  | 5,094 | ​ |  | —
Home Equity | ​ |  | 360 | ​ |  | 360 | ​ |  | —
Total with no related allowance recorded | ​ |  | 7,567 | ​ |  | 7,567 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 2,697 | ​ |  | 2,697 | ​ |  | 1,835
Total with an allowance recorded | ​ |  | 2,697 | ​ |  | 2,697 | ​ |  | 1,835
Total | ​ | $ | 10,264 | ​ | $ | 10,264 | ​ | $ | 1,835
​ The book balance of troubled debt restructurings at June 30, 2020 was $753,000, which included $597,000 of nonaccrual loans and $156,000 of accruing loans. The book balance of troubled debt restructurings at December 31, 2019 was $1,039,000, which included $590,000 of nonaccrual loans and $449,000 of accruing loans. Approximately $9,000 and $20,000 of specific reserves were established with respect to these loans as of June 30, 2020 and December 31, 2019, respectively. ​ The following table presents loans by class modified as troubled debt restructurings for the periods indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | During the Six Months Ended
​ | ​ | ​ | June 30, 2020
​ | ​ | ​ | ​ | ​ | Pre-modification | ​ | ​ | Post-modification
​ | ​ | ​ | Number | ​ | ​ | Outstanding | ​ | ​ | Outstanding
​ | ​ | ​ | of | ​ | ​ | Recorded | ​ | ​ | Recorded
Troubled Debt Restructurings: |  | ​ | Contracts |  | ​ | Investment |  | ​ | Investment
​ | ​ | (Dollars in thousands)
Commercial | ​ | ​ | 3 | ​ | $ | 13 | ​ | $ | 13
Real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRE - owner occupied | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
CRE - non-owner occupied | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Land and construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Home equity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Multifamily | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Residential mortgages | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer and other | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 3 | ​ | $ | 13 | ​ | $ | 13
​ There were no new loans modified as troubled debt restructurings during the three months ended June 30, 2020. There were no new loans modified as troubled debt restructurings during the three and six months ended June 30, 2019. ​ During the three and six months ended June 30, 2020, there were no new loans modified as troubled debt restructurings in which the amount of principal or accrued interest owed from the borrower was forgiven or which resulted in a charge-off or change to the allowance for credit losses on loans. ​ A loan is considered to be in payment default when it is 30 days contractually past due under the modified terms. There were no defaults on troubled debt restructurings, within twelve months following the modification, during the three months ended June 30, 2020 and 2019. ​ A loan that is a troubled debt restructuring on nonaccrual status may return to accruing status after a period of at least six months of consecutive payments in accordance with the modified terms.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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