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Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses
Loan and lease receivables consist of the following:
December 31,
2020		December 31,
2019
 (In Thousands)
Commercial real estate:  
Commercial real estate — owner occupied
$253,882 $226,614 
Commercial real estate — non-owner occupied
564,532 516,652 
Land development
49,839 51,097 
Construction
141,043 109,057 
Multi-family
311,556 217,322 
1-4 family
38,284 33,359 
Total commercial real estate1,359,136 1,154,101 
Commercial and industrial732,318 503,402 
Direct financing leases, net22,331 28,092 
Consumer and other:  
Home equity and second mortgages7,833 7,006 
Other28,897 22,664 
Total consumer and other
36,730 29,670 
Total gross loans and leases receivable
2,150,515 1,715,265 
Less:  
Allowance for loan and lease losses
28,521 19,520 
Deferred loan fees
4,545 630 
Loans and leases receivable, net$2,117,449 $1,695,115 
As of December 31, 2020, the Corporation had $228.9 million in gross PPP loans outstanding included in the commercial and industrial loan category and deferred processing fees outstanding of $3.5 million included in deferred loan fees. The processing fees are deferred and recognized over the contractual life of the loan, or accelerated at forgiveness, as an adjustment of yield using the interest method. The SBA provides a guaranty to the lender of 100% of principal and interest, unless the lender violated an obligation under the agreement. As loan losses are expected to be immaterial, if any at all, due to the guaranty, management excluded the PPP loans from the allowance for loan and lease losses calculation. Management funded these short-term loans primarily through a combination of excess cash held at the Federal Reserve and from an increase in in-market deposits.
The total amount of the Corporation’s ownership of SBA loans on-balance sheet is comprised of the following:
December 31,
2020		December 31,
2019
(In Thousands)
SBA 7(a) loans$36,266 $40,402 
SBA 504 loans26,327 20,592 
SBA Express loans and lines of credit1,251 1,781 
SBA PPP loans$228,870 $— 
Total SBA loans$292,714 $62,775 
As of December 31, 2020 and 2019, $9.3 million and $12.1 million of SBA loans were considered impaired, respectively.
Loans transferred to third parties consist of the guaranteed portions of SBA loans which the Corporation sold in the secondary market and participation interests in other, non-SBA originated loans. The total principal amount of the guaranteed portions of SBA loans sold during the year ended December 31, 2020 and 2019 was $29.2 million and $16.1 million, respectively. Each of the transfers of these financial assets met the qualifications for sale accounting, and therefore, all of the loans transferred during the year ended December 31, 2020 and 2019 have been derecognized in the Consolidated Financial Statements. The guaranteed portions of SBA loans were transferred at their fair value and the related gain was recognized upon the transfer as non-interest income in the Consolidated Financial Statements. The total outstanding balance of sold SBA loans at December 31, 2020 and 2019 was $79.5 million and $73.8 million, respectively.
The total principal amount of transferred participation interests in other, non-SBA originated loans during the year ended December 31, 2020 and 2019 was $48.9 million and $45.4 million, respectively, all of which were treated as sales and derecognized under the applicable accounting guidance at the time of transfer. No gain or loss was recognized on participation interests in other, non-SBA originated loans as they were transferred at or near the date of loan origination and the payments received for servicing the portion of the loans participated represents adequate compensation. The total outstanding balance of these transferred loans at December 31, 2020 and 2019 was $153.6 million and $142.8 million, respectively. As of December 31, 2020 and 2019, the total amount of the Corporation’s partial ownership of these transferred loans on the Consolidated Balance Sheets was $276.5 million and $244.6 million, respectively. As of December 31, 2020, the non-SBA originated participation portfolio contained an impaired loan totaling $3.0 million with a sold portion of $4.2 million. There were no loans impaired as of December 31, 2019. For the year ended December 31, 2020, the Corporation charged off $2.8 million of the non-SBA originated participation portfolio. There were no charge-offs for the year ended December 31, 2019. The Corporation does not share in the participant’s portion of any potential charge-offs. The total amount of loan participations purchased on the Consolidated Balance Sheets as of December 31, 2020 and 2019 was $410,000 and $492,000, respectively.
Certain of the Corporation’s executive officers, directors, and their related interests are loan clients of the Bank. These loans to related parties are summarized below:
December 31, 2020December 31, 2019
(In Thousands)
Balance at beginning of year$1,683 $1,855 
New loans325 412 
Repayments(376)(584)
Balance at end of year$1,632 $1,683 
The following tables illustrate ending balances of the Corporation’s loan and lease portfolio, including impaired loans by class of receivable, and considering certain credit quality indicators:
December 31, 2020
 Category 
IIIIIIIVTotal
 (Dollars in Thousands)
Commercial real estate:     
Commercial real estate — owner occupied$185,943 $34,917 $27,593 $5,429 $253,882 
Commercial real estate — non-owner occupied432,053 90,942 37,754 3,783 564,532 
Land development47,777 987 185 890 49,839 
Construction104,083 26,444 10,516 — 141,043 
Multi-family278,145 23,386 10,025 — 311,556 
1-4 family35,053 620 2,315 296 38,284 
Total commercial real estate1,083,054 177,296 88,388 10,398 1,359,136 
Commercial and industrial623,346 27,201 65,616 16,155 732,318 
Direct financing leases, net15,597 730 5,955 49 22,331 
Consumer and other:    
Home equity and second mortgages7,206 496 91 40 7,833 
Other28,701 175 — 21 28,897 
Total consumer and other35,907 671 91 61 36,730 
Total gross loans and leases receivable$1,757,904 $205,898 $160,050 $26,663 $2,150,515 
Category as a % of total portfolio81.75 %9.57 %7.44 %1.24 %100.00 %
December 31, 2019
Category 
IIIIIIIVTotal
 (Dollars in Thousands)
Commercial real estate:     
Commercial real estate — owner occupied$187,728 $18,455 $16,399 $4,032 $226,614 
Commercial real estate — non-owner occupied459,821 55,524 1,307 — 516,652 
Land development49,132 439 — 1,526 51,097 
Construction108,959 — 98 — 109,057 
Multi-family205,750 11,572 — — 217,322 
1-4 family29,284 1,843 1,759 473 33,359 
Total commercial real estate1,040,674 87,833 19,563 6,031 1,154,101 
Commercial and industrial398,445 34,478 55,904 14,575 503,402 
Direct financing leases, net21,176 577 6,339 — 28,092 
Consumer and other:     
Home equity and second mortgages6,307 610 89 — 7,006 
Other22,517 — — 147 22,664 
Total consumer and other28,824 610 89 147 29,670 
Total gross loans and leases receivable$1,489,119 $123,498 $81,895 $20,753 $1,715,265 
Category as a % of total portfolio86.82 %7.20 %4.77 %1.21 %100.00 %
Each credit is evaluated for proper risk rating upon origination, at the time of each subsequent renewal, upon receipt and evaluation of updated financial information from the Corporation’s borrowers or as other circumstances dictate. The Corporation primarily uses a nine grade risk rating system to monitor the ongoing credit quality of its loans and leases. The risk rating grades follow a consistent definition and are then applied to specific loan types based on the nature of the loan. Each risk
rating is subjective and, depending on the size and nature of the credit, subject to various levels of review and concurrence on the stated risk rating. In addition to its nine grade risk rating system, the Corporation groups loans into four loan and related risk categories which determine the level and nature of review by management.
Category I — Loans and leases in this category are performing in accordance with the terms of the contract and generally exhibit no immediate concerns regarding the security and viability of the underlying collateral, financial stability of the borrower, integrity or strength of the borrowers’ management team or the industry in which the borrower operates. The Corporation monitors Category I loans and leases through payment performance, continued maintenance of its personal relationships with such borrowers and continued review of such borrowers’ compliance with the terms of their respective agreements.
Category II — Loans and leases in this category are beginning to show signs of deterioration in one or more of the Corporation’s core underwriting criteria such as financial stability, management strength, industry trends or collateral values. Management will place credits in this category to allow for proactive monitoring and resolution with the borrower to possibly mitigate the area of concern and prevent further deterioration or risk of loss to the Corporation. Category II loans are considered performing but are monitored frequently by the assigned business development officer and by asset quality review committees.
Category III — Loans and leases in this category are identified by management as warranting special attention. However, the balance in this category is not intended to represent the amount of adversely classified assets held by the Bank. Category III loans and leases generally exhibit undesirable characteristics, such as evidence of adverse financial trends and conditions, managerial problems, deteriorating economic conditions within the related industry or evidence of adverse public filings and may exhibit collateral shortfall positions. Management continues to believe that it will collect all contractual principal and interest in accordance with the original terms of the contracts relating to the loans and leases in this category, and therefore Category III loans are considered performing with no specific reserves established for this category. Category III loans are monitored by management and asset quality review committees on a monthly basis.
Category IV — Loans and leases in this category are considered to be impaired. Impaired loans and leases, with the exception of performing troubled debt restructurings, have been placed on non-accrual as management has determined that it is unlikely that the Bank will receive the contractual principal and interest in accordance with the original terms of the agreement. Impaired loans are individually evaluated to assess the need for the establishment of specific reserves or charge-offs. When analyzing the adequacy of collateral, the Corporation obtains external appraisals at least annually for impaired loans and leases. External appraisals are obtained from the Corporation’s approved appraiser listing and are independently reviewed to monitor the quality of such appraisals. To the extent a collateral shortfall position is present, a specific reserve or charge-off will be recorded to reflect the magnitude of the impairment. Loans and leases in this category are monitored by management and asset quality review committees on a monthly basis.
The delinquency aging of the loan and lease portfolio by class of receivable was as follows:
December 31, 2020
30-59
Days Past Due		60-89
Days Past Due		Greater
Than 90
Days Past Due		Total Past DueCurrentTotal Loans and Leases
 (Dollars in Thousands)
Accruing loans and leases      
Commercial real estate:      
Owner occupied$— $— $— $— $248,453 $248,453 
Non-owner occupied— — — — 560,749 560,749 
Land development7,784 — — 7,784 41,165 48,949 
Construction— — — — 141,043 141,043 
Multi-family— — — — 311,556 311,556 
1-4 family— 46 — 46 37,988 38,034 
Commercial and industrial663 111 — 774 715,389 716,163 
Direct financing leases, net— — — — 22,282 22,282 
Consumer and other: 
Home equity and second mortgages— — — — 7,793 7,793 
Other— — — — 28,876 28,876 
Total8,447 157 — 8,604 2,115,294 2,123,898 
Non-accruing loans and leases      
Commercial real estate:      
Owner occupied— — 272 272 5,157 5,429 
Non-owner occupied— — 3,783 3,783 — 3,783 
Land development890 — — 890 — 890 
Construction— — — — — — 
Multi-family— — — — — — 
1-4 family— — — — 250 250 
Commercial and industrial103 342 7,557 8,002 8,153 16,155 
Direct financing leases, net— — — — 49 49 
Consumer and other:  
Home equity and second mortgages— — — — 40 40 
Other— — 21 21 — 21 
Total993 342 11,633 12,968 13,649 26,617 
Total loans and leases      
Commercial real estate:      
Owner occupied— — 272 272 253,610 253,882 
Non-owner occupied— — 3,783 3,783 560,749 564,532 
Land development8,674 — — 8,674 41,165 49,839 
Construction— — — — 141,043 141,043 
Multi-family— — — — 311,556 311,556 
1-4 family— 46 — 46 38,238 38,284 
Commercial and industrial766 453 7,557 8,776 723,542 732,318 
Direct financing leases, net— — — — 22,331 22,331 
Consumer and other:   
Home equity and second mortgages— — — — 7,833 7,833 
Other— — 21 21 28,876 28,897 
Total$9,440 $499 $11,633 $21,572 $2,128,943 $2,150,515 
Percent of portfolio0.44 %0.02 %0.54 %1.00 %99.00 %100.00 %
December 31, 2019
30-59
Days Past Due		60-89
Days Past Due		Greater
Than 90
Days Past Due		Total Past DueCurrentTotal Loans and Leases
 (Dollars in Thousands)
Accruing loans and leases      
Commercial real estate:      
Owner occupied$— $— $— $— $222,582 $222,582 
Non-owner occupied— — — — 516,652 516,652 
Land development— 990 — 990 48,581 49,571 
Construction309 — — 309 108,748 109,057 
Multi-family— — — — 217,322 217,322 
1-4 family— — — — 33,026 33,026 
Commercial and industrial2,707 52 — 2,759 486,068 488,827 
Direct financing leases, net— — — — 28,092 28,092 
Consumer and other:      
Home equity and second mortgages— — — — 7,006 7,006 
Other— — — — 22,517 22,517 
Total3,016 1,042 — 4,058 1,690,594 1,694,652 
Non-accruing loans and leases      
Commercial real estate:      
Owner occupied— — 342 342 3,690 4,032 
Non-owner occupied— — — — — — 
Land development— — — — 1,526 1,526 
Construction— — — — — — 
Multi-family— — — — — — 
1-4 family— 333 — 333 — 333 
Commercial and industrial4,368 2,717 3,123 10,208 4,367 14,575 
Direct financing leases, net— — — — — — 
Consumer and other:      
Home equity and second mortgages— — — — — — 
Other— — 147 147 — 147 
Total4,368 3,050 3,612 11,030 9,583 20,613 
Total loans and leases      
Commercial real estate:      
Owner occupied— — 342 342 226,272 226,614 
Non-owner occupied— — — — 516,652 516,652 
Land development— 990 — 990 50,107 51,097 
Construction309 — — 309 108,748 109,057 
Multi-family— — — — 217,322 217,322 
1-4 family— 333 — 333 33,026 33,359 
Commercial and industrial7,075 2,769 3,123 12,967 490,435 503,402 
Direct financing leases, net— — — — 28,092 28,092 
Consumer and other:      
Home equity and second mortgages— — — — 7,006 7,006 
Other— — 147 147 22,517 22,664 
Total$7,384 $4,092 $3,612 $15,088 $1,700,177 $1,715,265 
Percent of portfolio0.43 %0.24 %0.21 %0.88 %99.12 %100.00 %
The Corporation’s total impaired assets consisted of the following:
December 31,
2020		December 31,
2019
 (In Thousands)
Non-accrual loans and leases  
Commercial real estate:  
Commercial real estate — owner occupied$5,429 $4,032 
Commercial real estate — non-owner occupied3,783 — 
Land development890 1,526 
Construction— — 
Multi-family— — 
1-4 family250 333 
Total non-accrual commercial real estate10,352 5,891 
Commercial and industrial16,155 14,575 
Direct financing leases, net49 — 
Consumer and other:  
Home equity and second mortgages40 — 
Other21 147 
Total non-accrual consumer and other loans61 147 
Total non-accrual loans and leases26,617 20,613 
Foreclosed properties, net34 2,919 
Total non-performing assets26,651 23,532 
Performing troubled debt restructurings46 140 
Total impaired assets$26,697 $23,672 
December 31,
2020		December 31,
2019
Total non-accrual loans and leases to gross loans and leases1.24 %1.20 %
Total non-performing assets to total gross loans and leases plus foreclosed properties, net1.24 1.37 
Total non-performing assets to total assets1.04 1.12 
Allowance for loan and lease losses to gross loans and leases1.33 1.14 
Allowance for loan and lease losses to non-accrual loans and leases107.15 94.70 

As of December 31, 2020 and 2019, $6.5 million and $15.6 million of the non-accrual loans and leases were considered troubled debt restructurings, respectively. The Corporation has allocated $760,000 and $2.7 million of specific reserves to troubled debt restructurings as of December 31, 2020 and 2019, respectively. There were no unfunded commitments associated with troubled debt restructured loans and leases as of December 31, 2020.

All loans and leases modified as a troubled debt restructuring are measured for impairment. The nature and extent of the impairment of restructured loans, including those which have experienced a default, is considered in the determination of an appropriate level of the allowance for loan and lease losses.
The following table provides the number of loans modified in a troubled debt restructuring and the pre- and post-modification recorded investment by class of receivable:
For the Year Ended December 31,
20202019
Number of LoansPre-Modification
Recorded
Investment		Post-Modification
Recorded
Investment		Number of LoansPre-Modification
Recorded
Investment		Post-Modification
Recorded
Investment
 (Dollars in Thousands)
Commercial real estate:   
Commercial real estate — owner occupied
2$299 $272 2$3,774 $3,614 
Commercial and industrial36,007 617 1513,372 9,845 
Total5 $6,306 $889 17 $17,146 $13,459 

Restructured loan modifications may include payment schedule modifications, interest rate concessions, maturity date extensions, principal reduction, or some combination of these concessions. For the year ended December 31, 2020, the modification of terms primarily consisted of payment schedule modifications or principal reductions.

There were two commercial and industrial loans for a total of $617,000 and two owner-occupied commercial real estate loans for a total of $272,000 modified in a troubled debt restructuring during the previous 12 months which subsequently defaulted during the year ended December 31, 2020. There were two commercial and industrial loans for $2.1 million modified in a troubled debt restructuring during the previous 12 months which subsequently defaulted during the year ended December 31, 2019.
The following represents additional information regarding the Corporation’s impaired loans and leases, including performing troubled debt restructurings, by class:
As of and for the Year Ended December 31, 2020
Recorded
Investment(1)
Unpaid
Principal
Balance		Impairment
Reserve
Average
Recorded
Investment(2)
Foregone
Interest
Income		Interest
Income
Recognized		Net Foregone
Interest
Income
 (In Thousands)
With no impairment reserve recorded:       
Commercial real estate:       
Owner occupied$4,338 $4,365 $— $4,565 $291 $72 $219 
Non-owner occupied3,783 6,563 — 1,519 486 — 486 
Land development890 5,187 — 1,192 14 — 14 
Construction— — — — — — — 
Multi-family— — — — — — — 
1-4 family46 51 — 307 31 141 (110)
Commercial and industrial9,888 12,337 — 13,951 1,219 423 796 
Direct financing leases, net— — — 89 — — — 
Consumer and other:      
Home equity and second mortgages
— — — 1 — — — 
Other21 688 — 85 41 — 41 
Total18,966 29,191 — 21,709 2,082 636 1,446 
With impairment reserve recorded:       
Commercial real estate:       
Owner occupied1,091 4,792 471 2,349 384 — 384 
Non-owner occupied— — — — — — — 
Land development— — — — — — — 
Construction— — — — — — — 
Multi-family— — — — — — — 
1-4 family250 250 29 21 — — — 
Commercial and industrial6,267 6,972 3,125 3,585 324 — 324 
Direct financing leases, net49 49 49 39 3 — 3 
Consumer and other:       
Home equity and second mortgages
40 40 7 — 1 — 1 
Other— — — — — — — 
Total7,697 12,103 3,681 5,994 712 — 712 
Total:       
Commercial real estate:       
Owner occupied5,429 9,157 471 6,914 675 72 603 
Non-owner occupied3,783 6,563 — 1,519 486 — 486 
Land development890 5,187 — 1,192 14 — 14 
Construction— — — — — — — 
Multi-family— — — — — — — 
1-4 family296 301 29 328 31 141 (110)
Commercial and industrial16,155 19,309 3,125 17,536 1,543 423 1,120 
Direct financing leases, net49 49 49 128 3 — 3 
Consumer and other:       
Home equity and second mortgages
40 40 7 1 1 — 1 
Other21 688 — 85 41 — 41 
Grand total$26,663 $41,294 $3,681 $27,703 $2,794 $636 $2,158 
(1)The recorded investment represents the unpaid principal balance net of any partial charge-offs.
(2)Average recorded investment is calculated primarily using daily average balances.
As of and for the Year Ended December 31, 2019
Recorded
Investment(1)
Unpaid
Principal
Balance		Impairment
Reserve
Average
Recorded
Investment(2)
Foregone
Interest
Income		Interest
Income
Recognized		Net Foregone
Interest
Income
 (In Thousands)
With no impairment reserve recorded:       
Commercial real estate:       
   Owner occupied$387 $387 $— $3,285 $64 $355 $(291)
   Non-owner occupied— — — 58 1 — 1 
   Land development1,526 5,823 — 1,843 52 6 46 
   Construction— — — — — — — — — — — 
   Multi-family— — — — — — — 
   1-4 family473 478 — 356 19 46 (27)
Commercial and industrial4,779 6,549 — 14,479 1,073 379 694 
Direct financing leases, net— — — — — — — 
Consumer and other:       
   Home equity and second mortgages
— — — — — 7 (7)
   Other147 813 — 191 48 — 48 
      Total7,312 14,050 — 20,212 1,257 793 464 
With impairment reserve recorded:       
Commercial real estate:       
   Owner occupied3,645 5,004 1,082 1,511 414 — 414 
   Non-owner occupied— — — — — — — 
   Land development— — — — — — — — — — — 
   Construction— — — — — — — — — — — 
   Multi-family— — — — — — — 
   1-4 family— — — — — — — 
Commercial and industrial9,796 11,179 2,283 2,367 1,022 — 1,022 
Direct financing leases, net— — — — — — — 
Consumer and other:       
   Home equity and second mortgages
— — — — — — — 
   Other— — — — — — — 
      Total13,441 16,183 3,365 3,878 1,436 — 1,436 
Total:       
Commercial real estate:       
   Owner occupied4,032 5,391 1,082 4,796 478 355 123 
   Non-owner occupied— — — 58 1 — 1 
   Land development1,526 5,823 — 1,843 52 6 46 
   Construction— — — — — — — 
   Multi-family— — — — — — — 
   1-4 family473 478 — 356 19 46 (27)
Commercial and industrial14,575 17,728 2,283 16,846 2,095 379 1,716 
Direct financing leases, net— — — — — — — 
Consumer and other:      
Home equity and second mortgages— — — — — 7 (7)
Other147 813 — 191 48 — 48 
      Grand total$20,753 $30,233 $3,365 $24,090 $2,693 $793 $1,900 
(1)The recorded investment represents the unpaid principal balance net of any partial charge-offs.
(2)Average recorded investment is calculated primarily using daily average balances.
The difference between the recorded investment of loans and leases and the unpaid principal balance of $14.6 million and $9.5 million as of December 31, 2020 and 2019, respectively, represents partial charge-offs of loans and leases resulting from losses due to the appraised value of the collateral securing the loans and leases being below the carrying values of the loans and leases. Impaired loans and leases also included $46,000 and $140,000 of loans as of December 31, 2020 and 2019, respectively, that were performing troubled debt restructurings, and although not on non-accrual, were reported as impaired due to the concession
in terms. When a loan is placed on non-accrual, interest accrual is discontinued and previously accrued but uncollected interest is deducted from interest income. Cash payments collected on non-accrual loans are first applied to such loan’s principal. Foregone interest represents the interest that was contractually due on the loan but not received or recorded. To the extent the amount of principal on a non-accrual loan is fully collected and additional cash is received, the Corporation will recognize interest income.
To determine the level and composition of the allowance for loan and lease losses, the Corporation categorizes the portfolio into segments with similar risk characteristics. First, the Corporation evaluates loans and leases for potential impairment classification. The Corporation analyzes each loan and lease determined to be impaired on an individual basis to determine a specific reserve based upon the estimated value of the underlying collateral for collateral-dependent loans, or alternatively, the present value of expected cash flows. Then, the Corporation applies historical trends from established risk factors to each category of loans and leases that has not been individually evaluated for the purpose of establishing the general portion of the allowance.
A summary of the activity in the allowance for loan and lease losses by portfolio segment is as follows:
 As of and for the Year Ended December 31, 2020
Commercial
Real Estate		Commercial
and
Industrial		Consumer
and Other		Total
 (In Thousands)
Beginning balance$10,852 $8,078 $590 $19,520 
Charge-offs(6,119)(2,007)(13)(8,139)
Recoveries4 325 3 332 
Net recoveries (charge-offs)(6,115)(1,682)(10)(7,807)
Provision for loan and lease losses12,420 4,197 191 16,808 
Ending balance$17,157 $10,593 $771 $28,521 
 As of and for the Year Ended December 31, 2019
Commercial
Real Estate		Commercial
and
Industrial		Consumer
and Other		Total
 (In Thousands)
Beginning balance$11,662 $8,079 $684 $20,425 
Charge-offs— (3,347)(9)(3,356)
Recoveries75 262 29 366 
Net (charge-offs) recoveries75 (3,085)20 (2,990)
Provision for loan and lease losses(885)3,084 (114)2,085 
Ending balance$10,852 $8,078 $590 $19,520 
The following tables provide information regarding the allowance for loan and lease losses and balances by type of allowance methodology:
 December 31, 2020
Commercial
Real Estate		Commercial
and
Industrial		Consumer
and Other		Total
 (In Thousands)
Allowance for loan and lease losses:    
Collectively evaluated for impairment$16,657 $7,419 $764 $24,840 
Individually evaluated for impairment500 3,174 7 3,681 
Total$17,157 $10,593 $771 $28,521 
Loans and lease receivables:    
Collectively evaluated for impairment$1,348,738 $738,445 $36,669 2,123,852 
Individually evaluated for impairment10,398 16,204 61 26,663 
Total$1,359,136 $754,649 $36,730 $2,150,515 
 December 31, 2019
Commercial
Real Estate		Commercial
and
Industrial		Consumer
and Other		Total
 (In Thousands)
Allowance for loan and lease losses:    
Collectively evaluated for impairment$9,770 $5,795 $590 $16,155 
Individually evaluated for impairment1,082 2,283 — 3,365 
Total$10,852 $8,078 $590 $19,520 
Loans and lease receivables:    
Collectively evaluated for impairment$1,148,070 $516,919 $29,523 $1,694,512 
Individually evaluated for impairment6,031 14,575 147 20,753 
Total$1,154,101 $531,494 $29,670 $1,715,265 
The Corporation’s net investment in direct financing leases consists of the following:
 December 31,
2020		December 31,
2019
 (In Thousands)
Minimum lease payments receivable$19,106 $24,165 
Estimated unguaranteed residual values in leased property5,434 6,732 
Unearned lease and residual income(2,209)(2,805)
Investment in commercial direct financing leases$22,331 $28,092 
The Corporation leases equipment under direct financing leases expiring in future years. Some of these leases provide for additional rents based on use in excess of a stipulated minimum number of hours and generally allow the lessees to purchase the equipment for fair value at the end of the lease term.
Future aggregate maturities of minimum lease payments to be received are as follows:
(In Thousands)
Maturities during year ended December 31, 
2021$6,467 
20225,332 
20233,797 
20242,262 
20251,036 
Thereafter212 
$19,106