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Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2021

Loans Receivable

Summary of loans and leases outstanding


		March 31,			December 31,
(dollars in thousands)		2021			2020
Mortgage loans held for sale		$	170,248		229,199
Real estate loans:
Commercial mortgage			517,421		485,103
Home equity lines and loans			55,578		64,987
Residential mortgage (1)			49,085		52,454
Construction			134,601		140,246
Total real estate loans			756,685		742,790

Commercial and industrial			261,421		261,750
Small business loans			62,373		49,542
Paycheck Protection Program loans ("PPP")			230,847		203,543
Main Street Lending Program Loans ("MSLP")			583		580
Consumer			469		511
Leases, net			46,670		31,040
Total portfolio loans and leases			1,359,048		1,289,756
Total loans and leases		$	1,529,296		1,518,955

Loans with predetermined rates		$	622,498		658,458
Loans with adjustable or floating rates			906,798		860,497
Total loans and leases		$	1,529,296		1,518,955

Net deferred loan origination (fees) costs		$	(4,497)		(4,992)

(1)

Includes $13,590 and $12,182 of loans at fair value as of March 31, 2021 and December 31, 2020, respectively.

Schedule of components of the net investment in leases


		March 31,			December 31,
(dollars in thousands)		2021			2020
Minimum lease payments receivable		$	56,818		37,919
Unearned lease income			(10,148)		(6,879)
Total		$	46,670		31,040

Schedule of age analysis of past due loans and leases


											Total
					90+ days						Accruing		Nonaccrual		Total loans
March 31, 2021		30-89 days			past due and		Total past				Loans and		loans and		portfolio		Delinquency
(dollars in thousands)		past due			still accruing		due		Current		leases		leases		and leases		percentage
Commercial mortgage		$	—		—		—		517,421		517,421		—		517,421		—	%
Home equity lines and loans			—		—		—		54,659		54,659		919		55,578		1.65
Residential mortgage (1)			640		—		640		45,730		46,370		2,715		49,085		6.84
Construction			—		—		—		134,601		134,601		—		134,601		—
Commercial and industrial			—		—		—		257,510		257,510		3,911		261,421		1.50
Small business loans			—		—		—		61,456		61,456		917		62,373		1.47
Paycheck Protection Program loans			—		—		—		230,847		230,847		—		230,847		—
Main Street Lending Program loans			—		—		—		583		583		—		583		—
Consumer			—		—		—		469		469		—		469		—
Leases			160		—		160		46,379		46,539		131		46,670		0.62
Total		$	800		—		800		1,349,655		1,350,455		8,593		1,359,048		0.69	%

(1) Includes $13,590 of loans at fair value as of March 31, 2021 ($12,048 of current, $640 of 30-89 days past due, and $902 of nonaccrual).


											Total
					90+ days						Accruing		Nonaccrual		Total loans
December 31, 2020		30-89 days			past due and		Total past				Loans and		loans and		portfolio		Delinquency
(dollars in thousands)		past due			still accruing		due		Current		leases		leases		and leases		percentage
Commercial mortgage		$	—		—		—		482,042		482,042		3,061		485,103		0.63	%
Home equity lines and loans			—		—		—		64,128		64,128		859		64,987		1.32
Residential mortgage (1)			3,595		—		3,595		46,134		49,729		2,725		52,454		12.05
Construction			—		—		—		140,246		140,246		—		140,246		—
Commercial and industrial			—		—		—		260,465		260,465		1,285		261,750		0.49
Small business loans			—		—		—		49,542		49,542		—		49,542		—
Paycheck Protection Program loans			—		—		—		203,543		203,543		—		203,543		—
Main Street Lending Program loans			—		—		—		580		580		—		580		—
Consumer			—		—		—		511		511		—		511		—
Leases			109		—		109		30,931		31,040		—		31,040		0.35
Total		$	3,704		—		3,704		1,278,122		1,281,826		7,930		1,289,756		0.90	%

(1)	Includes $12,182 of loans at fair value as of December 31, 2020 ($10,314 of current, $958 of 30-89 days past due and $910 of nonaccrual).