XML 36 R26.htm IDEA: XBRL DOCUMENT v3.21.2
LOANS AND LEASES (Tables)
9 Months Ended
Sep. 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 September 30, 2021 and December 31, 2020, consisted of the following:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

September 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2021

 

 

Loans

 

 

2020

 

 

Loans

 

Residential mortgage

 

$

507,865

 

 

 

11.10

%

 

$

502,829

 

 

 

11.50

%

Multifamily mortgage

 

 

1,497,683

 

 

 

32.73

 

 

 

1,126,946

 

 

 

25.77

 

Commercial mortgage

 

 

680,107

 

 

 

14.87

 

 

 

691,294

 

 

 

15.81

 

Commercial loans (including equipment financing) (A)

 

 

1,790,579

 

 

 

39.13

 

 

 

1,950,981

 

 

 

44.62

 

Commercial construction

 

 

25,718

 

 

 

0.56

 

 

 

12,600

 

 

 

0.29

 

Home equity lines of credit

 

 

42,512

 

 

 

0.93

 

 

 

50,545

 

 

 

1.15

 

Consumer loans, including fixed rate home equity loans

 

 

30,689

 

 

 

0.67

 

 

 

37,016

 

 

 

0.85

 

Other loans

 

 

245

 

 

 

0.01

 

 

 

226

 

 

 

0.01

 

Total loans

 

$

4,575,398

 

 

 

100.00

%

 

$

4,372,437

 

 

 

100.00

%

 

 

(A)

Includes PPP loans of $49 million at September 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 September 30, 2021 and December 31, 2020:

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

September 30,

 

 

Totals

 

 

December 31,

 

 

Total

 

(Dollars in thousands)

 

2021

 

 

Loans

 

 

2020

 

 

Loans

 

Primary residential mortgage

 

$

514,271

 

 

 

11.25

%

 

$

512,841

 

 

 

11.74

%

Home equity lines of credit

 

 

42,512

 

 

 

0.93

 

 

 

50,545

 

 

 

1.16

 

Junior lien loan on residence

 

 

3,218

 

 

 

0.07

 

 

 

4,527

 

 

 

0.10

 

Multifamily property

 

 

1,497,683

 

 

 

32.76

 

 

 

1,126,946

 

 

 

25.79

 

Owner-occupied commercial real estate

 

 

239,674

 

 

 

5.24

 

 

 

253,447

 

 

 

5.80

 

Investment commercial real estate

 

 

981,490

 

 

 

21.47

 

 

 

995,613

 

 

 

22.79

 

Commercial and industrial (A)

 

 

916,192

 

 

 

20.04

 

 

 

1,059,399

 

 

 

24.24

 

Lease financing

 

 

308,351

 

 

 

6.74

 

 

 

305,931

 

 

 

7.00

 

Farmland/agricultural production

 

 

4,461

 

 

 

0.10

 

 

 

3,068

 

 

 

0.07

 

Commercial construction loans

 

 

25,862

 

 

 

0.57

 

 

 

12,773

 

 

 

0.29

 

Consumer and other loans

 

 

38,032

 

 

 

0.83

 

 

 

44,483

 

 

 

1.02

 

Total loans

 

 

4,571,746

 

 

 

100.00

%

 

 

4,369,573

 

 

 

100.00

%

Net deferred costs

 

 

3,652

 

 

 

 

 

 

 

2,864

 

 

 

 

 

Total loans including net deferred costs

 

$

4,575,398

 

 

 

 

 

 

$

4,372,437

 

 

 

 

 

 

(A)

Includes PPP loans of $49 million at September 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 September 30, 2021 and December 31, 2020:

 

 

 

September 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

 

$

2,886

 

 

$

80

 

 

$

511,385

 

 

$

1,995

 

 

$

514,271

 

 

$

2,075

 

Home equity lines of credit

 

 

 

 

 

 

 

 

42,512

 

 

 

119

 

 

 

42,512

 

 

 

119

 

Junior lien loan on residence

 

 

 

 

 

 

 

 

3,218

 

 

 

7

 

 

 

3,218

 

 

 

7

 

Multifamily property

 

 

 

 

 

 

 

 

1,497,683

 

 

 

10,568

 

 

 

1,497,683

 

 

 

10,568

 

Owner-occupied commercial real estate

 

 

494

 

 

 

 

 

 

239,180

 

 

 

2,293

 

 

 

239,674

 

 

 

2,293

 

Investment commercial real estate

 

 

19,887

 

 

 

7,137

 

 

 

961,603

 

 

 

22,847

 

 

 

981,490

 

 

 

29,984

 

Commercial and industrial (A)

 

 

3,074

 

 

 

 

 

 

913,118

 

 

 

16,266

 

 

 

916,192

 

 

 

16,266

 

Lease financing

 

 

 

 

 

 

 

 

308,351

 

 

 

3,369

 

 

 

308,351

 

 

 

3,369

 

Farmland/agricultural production

 

 

 

 

 

 

 

 

4,461

 

 

 

58

 

 

 

4,461

 

 

 

58

 

Commercial construction loans

 

 

 

 

 

 

 

 

25,862

 

 

 

165

 

 

 

25,862

 

 

 

165

 

Consumer and other loans

 

 

 

 

 

 

 

 

38,032

 

 

 

229

 

 

 

38,032

 

 

 

229

 

Total ALLL

 

$

26,341

 

 

$

7,217

 

 

$

4,545,405

 

 

$

57,916

 

 

$

4,571,746

 

 

$

65,133

 

 

 

 

(A)

The balance includes PPP loans of $49 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 September 30, 2021 and December 31, 2020 (The average impaired loans on the following tables represent year to date impaired loans):

 

 

 

September 30, 2021

 

 

 

Unpaid

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

Principal

 

 

Recorded

 

 

Specific

 

 

Impaired

 

(In thousands)

 

Balance

 

 

Investment

 

 

Reserves

 

 

Loans

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,947

 

 

$

1,750

 

 

$

 

 

$

1,789

 

Owner-occupied commercial real estate

 

 

521

 

 

 

494

 

 

 

 

 

 

564

 

Commercial and industrial

 

 

4,986

 

 

 

3,074

 

 

 

 

 

 

3,289

 

Total loans with no related allowance

 

$

7,454

 

 

$

5,318

 

 

$

 

 

$

5,642

 

With related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary residential mortgage

 

$

1,136

 

 

$

1,136

 

 

$

80

 

 

$

489

 

Investment commercial real estate

 

 

19,887

 

 

 

19,887

 

 

 

7,137

 

 

 

2,210

 

Total loans with related allowance

 

$

21,023

 

 

$

21,023

 

 

$

7,217

 

 

$

2,699

 

Total loans individually evaluated for impairment

 

$

28,477

 

 

$

26,341

 

 

$

7,217

 

 

$

8,341

 

 

 

 

 

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 September 30, 2021 and December 31, 2020:

 

 

September 30, 2021

 

 

 

 

 

 

 

Loans Past Due

 

 

 

 

 

 

 

90 Days or Over

 

 

 

 

 

 

 

And Still

 

(In thousands)

 

Nonaccrual

 

 

Accruing Interest

 

Primary residential mortgage

 

$

2,495

 

 

$

 

Owner-occupied commercial real estate

 

 

494

 

 

 

 

Investment commercial real estate

 

 

19,887

 

 

 

 

 

Commercial and industrial

 

 

3,049

 

 

 

 

Total

 

$

25,925

 

 

$

 

 

 

 

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 September 30, 2021 and December 31, 2020 by class of loans, excluding nonaccrual loans:

 

 

 

September 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

 

$

997

 

 

$

 

 

$

 

 

$

997

 

Home equity lines of credit

 

 

114

 

 

 

 

 

 

 

 

 

114

 

Commercial and industrial

 

 

17

 

 

 

65

 

 

 

 

 

 

82

 

Total

 

$

1,128

 

 

$

65

 

 

$

 

 

$

1,193

 

 

 

 

 

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 September 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

 

$

507,378

 

 

$

325

 

 

$

6,568

 

 

$

 

Home equity lines of credit

 

 

42,047

 

 

 

 

 

 

465

 

 

 

 

Junior lien loan on residence

 

 

3,200

 

 

 

 

 

 

18

 

 

 

 

Multifamily property

 

 

1,484,408

 

 

 

12,933

 

 

 

342

 

 

 

 

Owner-occupied commercial real estate

 

 

229,482

 

 

 

9,441

 

 

 

751

 

 

 

 

Investment commercial real estate

 

 

882,526

 

 

 

79,077

 

 

 

19,887

 

 

 

 

Commercial and industrial

 

 

878,203

 

 

 

14,083

 

 

 

23,906

 

 

 

 

Lease financing

 

 

308,351

 

 

 

 

 

 

 

 

 

 

Farmland/agricultural production

 

 

4,461

 

 

 

 

 

 

 

 

 

 

Commercial construction loans

 

 

25,786

 

 

 

76

 

 

 

 

 

 

 

Consumer and other loans

 

 

38,032

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,403,874

 

 

$

115,935

 

 

$

51,937

 

 

$

 

 

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 September 30, 2021 is summarized below:

 

 

July 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,167

 

 

$

 

 

$

 

 

$

(92

)

 

$

2,075

 

Home equity lines of credit

 

 

123

 

 

 

 

 

 

 

 

 

(4

)

 

 

119

 

Junior lien loan on residence

 

 

8

 

 

 

 

 

 

 

 

 

(1

)

 

 

7

 

Multifamily property

 

 

10,615

 

 

 

 

 

 

 

 

 

(47

)

 

 

10,568

 

Owner-occupied commercial real estate

 

 

2,447

 

 

 

 

 

 

 

 

 

(154

)

 

 

2,293

 

Investment commercial real estate

 

 

27,886

 

 

 

 

 

 

 

 

 

2,098

 

 

 

29,984

 

Commercial and industrial

 

 

16,565

 

 

 

(19

)

 

 

50

 

 

 

(330

)

 

 

16,266

 

Lease financing

 

 

3,275

 

 

 

 

 

 

 

 

 

94

 

 

 

3,369

 

Farmland/agricultural production

 

 

43

 

 

 

 

 

 

 

 

 

15

 

 

 

58

 

Commercial construction loans

 

 

159

 

 

 

 

 

 

 

 

 

6

 

 

 

165

 

Consumer and other loans

 

 

217

 

 

 

(4

)

 

 

1

 

 

 

15

 

 

 

229

 

Total ALLL

 

$

63,505

 

 

$

(23

)

 

$

51

 

 

$

1,600

 

 

$

65,133

 

 

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

 

 

July 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

3,074

 

 

$

 

 

$

217

 

 

$

(324

)

 

$

2,967

 

Home equity lines of credit

 

 

244

 

 

 

 

 

 

3

 

 

 

(27

)

 

 

220

 

Junior lien loan on residence

 

 

20

 

 

 

 

 

 

 

 

 

(2

)

 

 

18

 

Multifamily property

 

 

9,662

 

 

 

 

 

 

 

 

 

1,002

 

 

 

10,664

 

Owner-occupied commercial real estate

 

 

3,177

 

 

 

 

 

 

 

 

 

(166

)

 

 

3,011

 

Investment commercial real estate

 

 

29,866

 

 

 

(5,132

)

 

 

 

 

 

4,432

 

 

 

29,166

 

Commercial and industrial

 

 

16,218

 

 

 

(164

)

 

 

6

 

 

 

112

 

 

 

16,172

 

Lease financing

 

 

3,349

 

 

 

 

 

 

 

 

 

124

 

 

 

3,473

 

Farmland/agricultural production

 

 

38

 

 

 

 

 

 

 

 

 

(23

)

 

 

15

 

Commercial construction loans

 

 

49

 

 

 

 

 

 

 

 

 

28

 

 

 

77

 

Consumer and other loans

 

 

368

 

 

 

(2

)

 

 

2

 

 

 

(6

)

 

 

362

 

Total ALLL

 

$

66,065

 

 

$

(5,298

)

 

$

228

 

 

$

5,150

 

 

$

66,145

 

 

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

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,905

 

 

$

(12

)

 

$

 

 

$

(818

)

 

$

2,075

 

Home equity lines of credit

 

 

218

 

 

 

 

 

 

85

 

 

 

(184

)

 

 

119

 

Junior lien loan on residence

 

 

15

 

 

 

 

 

 

 

 

 

(8

)

 

 

7

 

Multifamily property

 

 

9,945

 

 

 

 

 

 

 

 

 

623

 

 

 

10,568

 

Owner-occupied commercial real estate

 

 

3,050

 

 

 

 

 

 

 

 

 

(757

)

 

 

2,293

 

Investment commercial real estate

 

 

27,713

 

 

 

 

 

 

 

 

 

2,271

 

 

 

29,984

 

Commercial and industrial

 

 

19,047

 

 

 

(5,019

)

 

 

60

 

 

 

2,178

 

 

 

16,266

 

Lease financing

 

 

3,936

 

 

 

 

 

 

 

 

 

(567

)

 

 

3,369

 

Farmland/agricultural production

 

 

43

 

 

 

 

 

 

 

 

 

15

 

 

 

58

 

Commercial construction loans

 

 

158

 

 

 

 

 

 

 

 

 

7

 

 

 

165

 

Consumer and other loans

 

 

279

 

 

 

(24

)

 

 

9

 

 

 

(35

)

 

 

229

 

Total ALLL

 

$

67,309

 

 

$

(5,055

)

 

$

154

 

 

$

2,725

 

 

$

65,133

 

 

 

 

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

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

Provision

 

 

Ending

 

(In thousands)

 

ALLL

 

 

Charge-offs

 

 

Recoveries

 

 

(Credit)

 

 

ALLL

 

Primary residential mortgage

 

$

2,090

 

 

$

 

 

$

330

 

 

$

547

 

 

$

2,967

 

Home equity lines of credit

 

 

128

 

 

 

 

 

 

8

 

 

 

84

 

 

 

220

 

Junior lien loan on residence

 

 

13

 

 

 

 

 

 

 

 

 

5

 

 

 

18

 

Multifamily property

 

 

6,037

 

 

 

 

 

 

 

 

 

4,627

 

 

 

10,664

 

Owner-occupied commercial real estate

 

 

2,064

 

 

 

 

 

 

 

 

 

947

 

 

 

3,011

 

Investment commercial real estate

 

 

15,988

 

 

 

(5,532

)

 

 

31

 

 

 

18,679

 

 

 

29,166

 

Commercial and industrial

 

 

14,353

 

 

 

(2,418

)

 

 

11

 

 

 

4,226

 

 

 

16,172

 

Lease financing

 

 

2,642

 

 

 

 

 

 

 

 

 

831

 

 

 

3,473

 

Farmland/agricultural production

 

 

38

 

 

 

 

 

 

 

 

 

(23

)

 

 

15

 

Commercial construction loans

 

 

27

 

 

 

 

 

 

 

 

 

50

 

 

 

77

 

Consumer and other loans

 

 

296

 

 

 

(15

)

 

 

4

 

 

 

77

 

 

 

362

 

Total ALLL

 

$

43,676

 

 

$

(7,965

)

 

$

384

 

 

$

30,050

 

 

$

66,145

 

 

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

 

 

3

 

 

$

530

 

Investment commercial real estate

 

 

1

 

 

 

19,887

 

Commercial and industrial

 

 

4

 

 

 

12,657

 

Total

 

 

8

 

 

$

33,074

 

 

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

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

455

 

 

$

455

 

Total

 

 

2

 

 

$

455

 

 

$

455

 

There were no loans modified as TDRs during the three-month period ended September 30, 2020.

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

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

3

 

 

$

1,277

 

 

$

1,277

 

Commercial and industrial

 

 

1

 

 

 

2,194

 

 

 

2,194

 

Total

 

 

4

 

 

$

3,471

 

 

$

3,471

 

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

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

2

 

 

$

388

 

 

$

388

 

Commercial and industrial

 

 

1

 

 

 

39

 

 

 

39

 

Total

 

 

3

 

 

$

427

 

 

$

427

 

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 September 30, 2021:

 

 

 

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

 

 

 

Outstanding

 

 

Outstanding

 

 

 

Number of

 

 

Recorded

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

221

 

 

$

221

 

Total

 

 

1

 

 

$

221

 

 

$

221

 

 

 

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 September 30, 2020:

 

 

 

Number of

 

 

Recorded

 

(Dollars in thousands)

 

Loans

 

 

Investment

 

Primary residential mortgage

 

 

1

 

 

$

193

 

Commercial and industrial

 

 

1

 

 

 

39

 

Total

 

 

2

 

 

$

232