XML 38 R26.htm IDEA: XBRL DOCUMENT v3.21.2
LOANS AND LEASES (Tables)
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Schedule of composition of loans categorized by the type of loan

Loans outstanding, excluding those held for sale, by general ledger classification, as of June 30, 2021 and December 31, 2020, consisted of the following:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

June 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2021

 

 

Loans

 

 

2020

 

 

Loans

 

Residential mortgage

 

$

500,207

 

 

 

10.95

%

 

$

502,829

 

 

 

11.50

%

Multifamily mortgage

 

 

1,420,043

 

 

 

31.08

 

 

 

1,126,946

 

 

 

25.77

 

Commercial mortgage

 

 

702,777

 

 

 

15.38

 

 

 

691,294

 

 

 

15.81

 

Commercial loans (including equipment financing) (A)

 

 

1,846,728

 

 

 

40.42

 

 

 

1,950,981

 

 

 

44.62

 

Commercial construction

 

 

22,923

 

 

 

0.50

 

 

 

12,600

 

 

 

0.29

 

Home equity lines of credit

 

 

44,060

 

 

 

0.97

 

 

 

50,545

 

 

 

1.15

 

Consumer loans, including fixed rate home equity loans

 

 

31,889

 

 

 

0.70

 

 

 

37,016

 

 

 

0.85

 

Other loans

 

 

206

 

 

 

0.00

 

 

 

226

 

 

 

0.01

 

Total loans

 

$

4,568,833

 

 

 

100.00

%

 

$

4,372,437

 

 

 

100.00

%

 

 

(A)

Includes PPP loans of $84 million at June 30, 2021 and $196 million at December 31, 2020.   

 

In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal Call Report codes.  The following portfolio classes have been identified as of June 30, 2021 and December 31, 2020:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

June 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2021

 

 

Loans

 

 

2020

 

 

Loans

 

Primary residential mortgage

 

$

508,413

 

 

 

11.14

%

 

$

512,841

 

 

 

11.74

%

Home equity lines of credit

 

 

44,060

 

 

 

0.96

 

 

 

50,545

 

 

 

1.16

 

Junior lien loan on residence

 

 

3,580

 

 

 

0.08

 

 

 

4,527

 

 

 

0.10

 

Multifamily property

 

 

1,420,043

 

 

 

31.11

 

 

 

1,126,946

 

 

 

25.79

 

Owner-occupied commercial real estate

 

 

243,626

 

 

 

5.34

 

 

 

253,447

 

 

 

5.80

 

Investment commercial real estate

 

 

987,889

 

 

 

21.64

 

 

 

995,613

 

 

 

22.79

 

Commercial and industrial (A)

 

 

999,316

 

 

 

21.89

 

 

 

1,059,399

 

 

 

24.24

 

Lease financing

 

 

292,463

 

 

 

6.41

 

 

 

305,931

 

 

 

7.00

 

Farmland/agricultural production

 

 

3,324

 

 

 

0.07

 

 

 

3,068

 

 

 

0.07

 

Commercial construction loans

 

 

23,081

 

 

 

0.51

 

 

 

12,773

 

 

 

0.29

 

Consumer and other loans

 

 

38,768

 

 

 

0.85

 

 

 

44,483

 

 

 

1.02

 

Total loans

 

 

4,564,563

 

 

 

100.00

%

 

 

4,369,573

 

 

 

100.00

%

Net deferred costs

 

 

4,270

 

 

 

 

 

 

 

2,864

 

 

 

 

 

Total loans including net deferred costs

 

$

4,568,833

 

 

 

 

 

 

$

4,372,437

 

 

 

 

 

 

 

(A)

Includes PPP loans of $84 million at June 30, 2021 and $196 million at December 31, 2020. 

Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses

 

The following tables present the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowance for loan and lease losses (ALLL) as of June 30, 2021 and December 31, 2020:

 

 

 

June 30, 2021

 

 

 

Total

 

 

Ending ALLL

 

 

Total

 

 

Ending ALLL

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

Attributable

 

 

Loans

 

 

Attributable

 

 

 

 

 

 

 

 

 

 

 

Individually

 

 

To Loans

 

 

Collectively

 

 

To Loans

 

 

 

 

 

 

 

 

 

 

 

Evaluated

 

 

Individually

 

 

Evaluated

 

 

Collectively

 

 

 

 

 

 

Total

 

 

 

For

 

 

Evaluated for

 

 

For

 

 

Evaluated for

 

 

Total

 

 

Ending

 

(In thousands)

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Loans

 

 

ALLL

 

Primary residential mortgage

 

$

2,711

 

 

$

57

 

 

$

505,702

 

 

$

2,110

 

 

$

508,413

 

 

$

2,167

 

Home equity lines of credit

 

 

 

 

 

 

 

 

44,060

 

 

 

123

 

 

 

44,060

 

 

 

123

 

Junior lien loan on residence

 

 

 

 

 

 

 

 

3,580

 

 

 

8

 

 

 

3,580

 

 

 

8

 

Multifamily property

 

 

 

 

 

 

 

 

1,420,043

 

 

 

10,615

 

 

 

1,420,043

 

 

 

10,615

 

Owner-occupied commercial real estate

 

 

529

 

 

 

 

 

 

243,097

 

 

 

2,447

 

 

 

243,626

 

 

 

2,447

 

Investment commercial real estate

 

 

 

 

 

 

 

 

987,889

 

 

 

27,886

 

 

 

987,889

 

 

 

27,886

 

Commercial and industrial (A)

 

 

3,258

 

 

 

 

 

 

996,058

 

 

 

16,565

 

 

 

999,316

 

 

 

16,565

 

Lease financing

 

 

 

 

 

 

 

 

292,463

 

 

 

3,275

 

 

 

292,463

 

 

 

3,275

 

Farmland/agricultural production

 

 

 

 

 

 

 

 

3,324

 

 

 

43

 

 

 

3,324

 

 

 

43

 

Commercial construction loans

 

 

 

 

 

 

 

 

23,081

 

 

 

159

 

 

 

23,081

 

 

 

159

 

Consumer and other loans

 

 

 

 

 

 

 

 

38,768

 

 

 

217

 

 

 

38,768

 

 

 

217

 

Total ALLL

 

$

6,498

 

 

$

57

 

 

$

4,558,065

 

 

$

63,448

 

 

$

4,564,563

 

 

$

63,505

 

 

 

(A)

The balance includes PPP loans of $84 million which had no related reserve as these loans are guaranteed by the SBA.

 

 

 

December 31, 2020

 

 

 

Total

 

 

Ending ALLL

 

 

Total

 

 

Ending ALLL

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

Attributable

 

 

Loans

 

 

Attributable

 

 

 

 

 

 

 

 

 

 

 

Individually

 

 

To Loans

 

 

Collectively

 

 

To Loans

 

 

 

 

 

 

 

 

 

 

 

Evaluated

 

 

Individually

 

 

Evaluated

 

 

Collectively

 

 

 

 

 

 

Total

 

 

 

For

 

 

Evaluated for

 

 

For

 

 

Evaluated for

 

 

Total

 

 

Ending

 

(In thousands)

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Impairment

 

 

Loans

 

 

ALLL

 

Primary residential mortgage

 

$

1,490

 

 

$

3

 

 

$

511,351

 

 

$

2,902

 

 

$

512,841

 

 

$

2,905

 

Home equity lines of credit

 

 

 

 

 

 

 

 

50,545

 

 

 

218

 

 

 

50,545

 

 

 

218

 

Junior lien loan on residence

 

 

 

 

 

 

 

 

4,527

 

 

 

15

 

 

 

4,527

 

 

 

15

 

Multifamily property

 

 

 

 

 

 

 

 

1,126,946

 

 

 

9,945

 

 

 

1,126,946

 

 

 

9,945

 

Owner-occupied commercial real estate

 

 

807

 

 

 

 

 

 

252,640

 

 

 

3,050

 

 

 

253,447

 

 

 

3,050

 

Investment commercial real estate

 

 

4,593

 

 

 

 

 

 

991,020

 

 

 

27,713

 

 

 

995,613

 

 

 

27,713

 

Commercial and industrial (A)

 

 

9,314

 

 

 

2,700

 

 

 

1,050,085

 

 

 

16,347

 

 

 

1,059,399

 

 

 

19,047

 

Lease financing

 

 

 

 

 

 

 

 

305,931

 

 

 

3,936

 

 

 

305,931

 

 

 

3,936

 

Farmland/agricultural production

 

 

 

 

 

 

 

 

3,068

 

 

 

43

 

 

 

3,068

 

 

 

43

 

Commercial construction loans

 

 

 

 

 

 

 

 

12,773

 

 

 

158

 

 

 

12,773

 

 

 

158

 

Consumer and other loans

 

 

 

 

 

 

 

 

44,483

 

 

 

279

 

 

 

44,483

 

 

 

279

 

Total ALLL

 

$

16,204

 

 

$

2,703

 

 

$

4,353,369

 

 

$

64,606

 

 

$

4,369,573

 

 

$

67,309

 

(A)The balance includes PPP loans of $196 million which had no related reserve as these loans are guaranteed by the SBA.

Schedule of loans individually evaluated for impairment

The following tables present loans individually evaluated for impairment by class of loans as of June 30, 2021 and December 31, 2020 (The average impaired loans on the following tables represent year to date impaired loans):

 

 

 

June 30, 2021

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

2,078

 

 

$

1,889

 

 

$

 

 

$

1,785

 

Owner-occupied commercial real estate

 

 

550

 

 

 

529

 

 

 

 

 

 

593

 

Commercial and industrial

 

 

5,091

 

 

 

3,258

 

 

 

 

 

 

3,362

 

Total loans with no related allowance

 

$

7,719

 

 

$

5,676

 

 

$

 

 

$

5,740

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

822

 

 

$

822

 

 

$

57

 

 

$

271

 

Total loans with related allowance

 

$

822

 

 

$

822

 

 

$

57

 

 

$

271

 

Total loans individually evaluated for impairment

 

$

8,541

 

 

$

6,498

 

 

$

57

 

 

$

6,011

 

 

 

 

December 31, 2020

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,601

 

 

$

1,328

 

 

$

 

 

$

5,544

 

Owner-occupied commercial real estate

 

 

817

 

 

 

807

 

 

 

 

 

 

516

 

Investment commercial real estate

 

 

4,593

 

 

 

4,593

 

 

 

 

 

 

6,582

 

Commercial and industrial

 

 

7,137

 

 

 

4,314

 

 

 

 

 

 

1,677

 

Total loans with no related allowance

 

$

14,148

 

 

$

11,042

 

 

$

 

 

$

14,319

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

162

 

 

$

162

 

 

$

3

 

 

$

526

 

Commercial and industrial

 

 

5,000

 

 

 

5,000

 

 

 

2,700

 

 

 

4,140

 

Total loans with related allowance

 

$

5,162

 

 

$

5,162

 

 

$

2,703

 

 

$

4,666

 

Total loans individually evaluated for impairment

 

$

19,310

 

 

$

16,204

 

 

$

2,703

 

 

$

18,985

 

Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual

The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2021 and December 31, 2020:

 

 

June 30, 2021

 

 

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

90 Days or Over

 

 

 

 

 

 

 

And Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

2,206

 

 

$

 

Owner-occupied commercial real estate

 

 

529

 

 

 

 

Commercial and industrial

 

 

3,227

 

 

 

 

Total

 

$

5,962

 

 

$

 

 

 

 

December 31, 2020

 

 

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

90 Days or Over

 

 

 

 

 

 

 

And Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

1,328

 

 

$

 

Owner-occupied commercial real estate

 

 

807

 

 

 

 

Commercial and industrial

 

 

9,275

 

 

 

 

Total

 

$

11,410

 

 

$

 

Schedule of aging of past due loans

The following tables present the aging of the recorded investment in past due loans as of June 30, 2021 and December 31, 2020 by class of loans, excluding nonaccrual loans:

 

 

 

June 30, 2021

 

 

 

30-59

 

 

60-89

 

 

90 Days or

 

 

 

 

 

 

 

Days

 

 

Days

 

 

Greater

 

 

Total

 

(In thousands)

 

Past Due

 

 

Past Due

 

 

Past Due

 

 

Past Due

 

Primary residential mortgage

 

$

503

 

 

$

89

 

 

$

 

 

$

592

 

Commercial and industrial

 

 

946

 

 

 

140

 

 

 

 

 

 

1,086

 

Total

 

$

1,449

 

 

$

229

 

 

$

 

 

$

1,678

 

 

 

 

December 31, 2020

 

 

 

30-59

 

 

60-89

 

 

90 Days or

 

 

 

 

 

 

 

Days

 

 

Days

 

 

Greater

 

 

Total

 

(In thousands)

 

Past Due

 

 

Past Due

 

 

Past Due

 

 

Past Due

 

Primary residential mortgage

 

$

2,900

 

 

$

141

 

 

$

 

 

$

3,041

 

Home equity lines of credit

 

 

181

 

 

 

 

 

 

 

 

 

181

 

Junior lien loan on residence

 

 

 

 

 

25

 

 

 

 

 

 

25

 

Multifamily property

 

 

 

 

 

269

 

 

 

 

 

 

269

 

Owner-occupied commercial real estate

 

 

268

 

 

 

 

 

 

 

 

 

268

 

Commercial and industrial

 

 

497

 

 

 

772

 

 

 

 

 

 

1,269

 

Total

 

$

3,846

 

 

$

1,207

 

 

$

 

 

$

5,053

 

Schedule of the risk category of loans by class of loans

As of June 30, 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

500,297

 

 

$

1,818

 

 

$

6,298

 

 

$

 

Home equity lines of credit

 

 

43,594

 

 

 

 

 

 

466

 

 

 

 

Junior lien loan on residence

 

 

3,562

 

 

 

 

 

 

18

 

 

 

 

Multifamily property

 

 

1,415,514

 

 

 

4,181

 

 

 

348

 

 

 

 

Owner-occupied commercial real estate

 

 

234,654

 

 

 

8,182

 

 

 

790

 

 

 

 

Investment commercial real estate

 

 

888,789

 

 

 

99,100

 

 

 

 

 

 

 

Commercial and industrial

 

 

960,816

 

 

 

35,242

 

 

 

3,258

 

 

 

 

Lease financing

 

 

292,463

 

 

 

 

 

 

 

 

 

 

Farmland/agricultural production

 

 

3,324

 

 

 

 

 

 

 

 

 

 

Commercial construction loans

 

 

23,003

 

 

 

78

 

 

 

 

 

 

 

Consumer and other loans

 

 

38,768

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,404,784

 

 

$

148,601

 

 

$

11,178

 

 

$

 

 

As of December 31, 2020, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(In thousands)

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

Primary residential mortgage

 

$

504,795

 

 

$

1,398

 

 

$

6,648

 

 

$

 

Home equity lines of credit

 

 

50,068

 

 

 

 

 

 

477

 

 

 

 

Junior lien loan on residence

 

 

4,483

 

 

 

 

 

 

44

 

 

 

 

Multifamily property

 

 

1,121,145

 

 

 

5,441

 

 

 

360

 

 

 

 

Owner-occupied commercial real estate

 

 

240,638

 

 

 

10,417

 

 

 

2,392

 

 

 

 

Investment commercial real estate

 

 

893,115

 

 

 

91,162

 

 

 

11,336

 

 

 

 

Commercial and industrial

 

 

989,281

 

 

 

53,604

 

 

 

16,514

 

 

 

 

Lease financing

 

 

305,931

 

 

 

 

 

 

 

 

 

 

Farmland/agricultural production

 

 

3,068

 

 

 

 

 

 

 

 

 

 

Commercial construction loans

 

 

12,692

 

 

 

81

 

 

 

 

 

 

 

Consumer and other loans

 

 

44,483

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,169,699

 

 

$

162,103

 

 

$

37,771

 

 

$

 

Schedule of Activity in Allowance for Loan and Lease Losses

The activity in the allowance for loan and lease losses for the three months ended June 30, 2021 is summarized below:

 

 

April 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,776

 

 

$

(12

)

 

$

 

 

$

(597

)

 

$

2,167

 

Home equity lines of credit

 

 

198

 

 

 

 

 

 

76

 

 

 

(151

)

 

 

123

 

Junior lien loan on residence

 

 

16

 

 

 

 

 

 

 

 

 

(8

)

 

 

8

 

Multifamily property

 

 

10,427

 

 

 

 

 

 

 

 

 

188

 

 

 

10,615

 

Owner-occupied commercial real estate

 

 

2,864

 

 

 

 

 

 

 

 

 

(417

)

 

 

2,447

 

Investment commercial real estate

 

 

26,693

 

 

 

 

 

 

 

 

 

1,193

 

 

 

27,886

 

Commercial and industrial

 

 

20,125

 

 

 

(5,000

)

 

 

3

 

 

 

1,437

 

 

 

16,565

 

Lease financing

 

 

3,967

 

 

 

 

 

 

 

 

 

(692

)

 

 

3,275

 

Farmland/agricultural production

 

 

47

 

 

 

 

 

 

 

 

 

(4

)

 

 

43

 

Commercial construction loans

 

 

161

 

 

 

 

 

 

 

 

 

(2

)

 

 

159

 

Consumer and other loans

 

 

262

 

 

 

(5

)

 

 

7

 

 

 

(47

)

 

 

217

 

Total ALLL

 

$

67,536

 

 

$

(5,017

)

 

$

86

 

 

$

900

 

 

$

63,505

 

 

The activity in the allowance for loan and lease losses for the three months ended June 30, 2020 is summarized below:

 

 

April 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,173

 

 

$

 

 

$

36

 

 

$

(135

)

 

$

3,074

 

Home equity lines of credit

 

 

237

 

 

 

 

 

 

2

 

 

 

5

 

 

 

244

 

Junior lien loan on residence

 

 

23

 

 

 

 

 

 

 

 

 

(3

)

 

 

20

 

Multifamily property

 

 

9,104

 

 

 

 

 

 

 

 

 

558

 

 

 

9,662

 

Owner-occupied commercial real estate

 

 

2,838

 

 

 

 

 

 

 

 

 

339

 

 

 

3,177

 

Investment commercial real estate

 

 

27,671

 

 

 

(400

)

 

 

 

 

 

2,595

 

 

 

29,866

 

Commercial and industrial

 

 

17,124

 

 

 

(2,254

)

 

 

2

 

 

 

1,346

 

 

 

16,218

 

Lease financing

 

 

3,141

 

 

 

 

 

 

 

 

 

208

 

 

 

3,349

 

Farmland/agricultural production

 

 

38

 

 

 

 

 

 

 

 

 

 

 

 

38

 

Commercial construction loans

 

 

40

 

 

 

 

 

 

 

 

 

9

 

 

 

49

 

Consumer and other loans

 

 

394

 

 

 

(5

)

 

 

1

 

 

 

(22

)

 

 

368

 

Total ALLL

 

$

63,783

 

 

$

(2,659

)

 

$

41

 

 

$

4,900

 

 

$

66,065

 

 

The activity in the allowance for loan and lease losses for the six months ended June 30, 2021 is summarized below:

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,905

 

 

$

(12

)

 

$

 

 

$

(726

)

 

$

2,167

 

Home equity lines of credit

 

 

218

 

 

 

 

 

 

85

 

 

 

(180

)

 

 

123

 

Junior lien loan on residence

 

 

15

 

 

 

 

 

 

 

 

 

(7

)

 

 

8

 

Multifamily property

 

 

9,945

 

 

 

 

 

 

 

 

 

670

 

 

 

10,615

 

Owner-occupied commercial real estate

 

 

3,050

 

 

 

 

 

 

 

 

 

(603

)

 

 

2,447

 

Investment commercial real estate

 

 

27,713

 

 

 

 

 

 

 

 

 

173

 

 

 

27,886

 

Commercial and industrial

 

 

19,047

 

 

 

(5,000

)

 

 

10

 

 

 

2,508

 

 

 

16,565

 

Lease financing

 

 

3,936

 

 

 

 

 

 

 

 

 

(661

)

 

 

3,275

 

Farmland/agricultural production

 

 

43

 

 

 

 

 

 

 

 

 

 

 

 

43

 

Commercial construction loans

 

 

158

 

 

 

 

 

 

 

 

 

1

 

 

 

159

 

Consumer and other loans

 

 

279

 

 

 

(20

)

 

 

8

 

 

 

(50

)

 

 

217

 

Total ALLL

 

$

67,309

 

 

$

(5,032

)

 

$

103

 

 

$

1,125

 

 

$

63,505

 

 

 

 

The activity in the allowance for loan and lease losses for the six months ended June 30, 2020 is summarized below:

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,090

 

 

$

 

 

$

113

 

 

$

871

 

 

$

3,074

 

Home equity lines of credit

 

 

128

 

 

 

 

 

 

5

 

 

 

111

 

 

 

244

 

Junior lien loan on residence

 

 

13

 

 

 

 

 

 

 

 

 

7

 

 

 

20

 

Multifamily property

 

 

6,037

 

 

 

 

 

 

 

 

 

3,625

 

 

 

9,662

 

Owner-occupied commercial real estate

 

 

2,064

 

 

 

 

 

 

 

 

 

1,113

 

 

 

3,177

 

Investment commercial real estate

 

 

15,988

 

 

 

(400

)

 

 

31

 

 

 

14,247

 

 

 

29,866

 

Commercial and industrial

 

 

14,353

 

 

 

(2,254

)

 

 

5

 

 

 

4,114

 

 

 

16,218

 

Lease financing

 

 

2,642

 

 

 

 

 

 

 

 

 

707

 

 

 

3,349

 

Farmland/agricultural production

 

 

38

 

 

 

 

 

 

 

 

 

 

 

 

38

 

Commercial construction loans

 

 

27

 

 

 

 

 

 

 

 

 

22

 

 

 

49

 

Consumer and other loans

 

 

296

 

 

 

(13

)

 

 

2

 

 

 

83

 

 

 

368

 

Total ALLL

 

$

43,676

 

 

$

(2,667

)

 

$

156

 

 

$

24,900

 

 

$

66,065

 

 

Schedule of loans modified as troubled debt restructurings Details with respect to loan modifications are as follows:

 

 

 

 

 

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

Primary residential mortgage

 

 

6

 

 

$

2,065

 

Junior lien loan on residence

 

 

1

 

 

 

19

 

Owner-occupied commercial real estate

 

 

1

 

 

 

117

 

Investment commercial real estate

 

 

1

 

 

 

19,887

 

Commercial and industrial

 

 

4

 

 

 

12,656

 

Commercial construction loans

 

 

1

 

 

 

1,956

 

Total

 

 

14

 

 

$

36,700

 

 

 

The following table presents loans by class modified as TDRs during the three-month period ended June 30, 2021:

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

822

 

 

$

822

 

Commercial and industrial

 

 

1

 

 

 

2,317

 

 

 

2,317

 

Total

 

 

2

 

 

$

3,139

 

 

$

3,139

 

The following table presents loans by class modified as TDRs during the three-month period ended June 30, 2020:

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

139

 

 

$

139

 

Total

 

 

1

 

 

$

139

 

 

$

139

 

The following table presents loans by class modified as TDRs during the six-month period ended June 30, 2021:

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

822

 

 

$

822

 

Commercial and industrial

 

 

1

 

 

 

2,317

 

 

 

2,317

 

Total

 

 

2

 

 

$

3,139

 

 

$

3,139

 

The following table presents loans by class modified as TDRs during the six-month period ended June 30, 2020:

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

391

 

 

$

391

 

Commercial and industrial

 

 

1

 

 

 

45

 

 

 

45

 

Total

 

 

3

 

 

$

436

 

 

$

436

 

The following table presents loans by class modified as TDRs that failed to comply with the modified terms in the twelve months following modification and resulted in a payment default at June 30, 2020:

 

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

200

 

Commercial and industrial

 

 

1

 

 

 

45

 

Total

 

 

2

 

 

$

245