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Loans Receivable | 9 Months Ended
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Sep. 30, 2021
Loans Receivable |
Loans Receivable | (4) Loans Receivable Loans and leases outstanding at September 30, 2021 and December 31, 2020 are detailed by category as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(dollars in thousands) |  | 2021 |  | 2020
Mortgage loans held for sale | ​ | $ | 117,996 | ​ | 229,199
Real estate loans: | ​ | ​ | ​ | ​ | ​
Commercial mortgage | ​ | ​ | 542,473 | ​ | 485,103
Home equity lines and loans | ​ | ​ | 52,819 | ​ | 64,987
Residential mortgage (1) | ​ | ​ | 59,295 | ​ | 52,454
Construction | ​ | ​ | 162,192 | ​ | 140,246
Total real estate loans | ​ | ​ | 816,779 | ​ | 742,790
​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | 278,976 | ​ | 261,750
Small business loans | ​ | ​ | 90,477 | ​ | 49,542
Paycheck Protection Program loans ("PPP") | ​ | ​ | 118,585 | ​ | 203,543
Main Street Lending Program Loans ("MSLP") | ​ | ​ | 592 | ​ | 580
Consumer | ​ | ​ | 427 | ​ | 511
Leases, net | ​ | ​ | 73,993 | ​ | 31,040
Total portfolio loans and leases | ​ | ​ | 1,379,829 | ​ | 1,289,756
Total loans and leases | ​ | $ | 1,497,825 | ​ | 1,518,955
​ | ​ | ​ | ​ | ​ | ​
Loans with predetermined rates | ​ | $ | 542,289 | ​ | 658,458
Loans with adjustable or floating rates | ​ | ​ | 955,536 | ​ | 860,497
Total loans and leases | ​ | $ | 1,497,825 | ​ | 1,518,955
​ | ​ | ​ | ​ | ​ | ​
Net deferred loan origination (fees) costs | ​ | $ | (1,159) | ​ | (4,992)
| (1) | Includes $17,142 and $12,182 of loans at fair value as of September 30, 2021 and December 31, 2020, respectively.
Components of the net investment in leases at September 30, 2021 and December 31, 2020 are detailed as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(dollars in thousands) |  | 2021 |  | 2020
Minimum lease payments receivable | ​ | $ | 89,051 | ​ | 37,919
Unearned lease income | ​ | ​ | (15,058) | ​ | (6,879)
Total | ​ | $ | 73,993 | ​ | 31,040
​ Age Analysis of Past Due Loans and Leases The following tables present an aging of the Corporation’s loan and lease portfolio as of September 30, 2021 and December 31, 2020, respectively: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 90+ days | ​ | ​ | ​ | ​ | ​ | Accruing | ​ | Nonaccrual | ​ | Total loans | ​ | ​ | ​
September 30, 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 | ​ | $ | — | ​ | — | ​ | — | ​ | 542,473 | ​ | 542,473 | ​ | — | ​ | 542,473 | ​ | — | %
Home equity lines and loans | ​ | ​ | 65 | ​ | — | ​ | 65 | ​ | 51,844 | ​ | 51,909 | ​ | 910 | ​ | 52,819 | ​ | 1.85 | ​
Residential mortgage (1) | ​ | ​ | 143 | ​ | — | ​ | 143 | ​ | 56,874 | ​ | 57,017 | ​ | 2,278 | ​ | 59,295 | ​ | 4.08 | ​
Construction | ​ | ​ | — | ​ | — | ​ | — | ​ | 162,192 | ​ | 162,192 | ​ | — | ​ | 162,192 | ​ | — | ​
Commercial and industrial | ​ | ​ | 770 | ​ | — | ​ | 770 | ​ | 273,117 | ​ | 273,887 | ​ | 5,089 | ​ | 278,976 | ​ | 2.10 | ​
Small business loans | ​ | ​ | — | ​ | — | ​ | — | ​ | 89,561 | ​ | 89,561 | ​ | 916 | ​ | 90,477 | ​ | 1.01 | ​
Paycheck Protection Program loans | ​ | ​ | 2,422 | ​ | — | ​ | 2,422 | ​ | 116,163 | ​ | 118,585 | ​ | — | ​ | 118,585 | ​ | 2.04 | ​
Main Street Lending Program loans | ​ | ​ | — | ​ | — | ​ | — | ​ | 592 | ​ | 592 | ​ | — | ​ | 592 | ​ | — | ​
Consumer | ​ | ​ | — | ​ | — | ​ | — | ​ | 427 | ​ | 427 | ​ | — | ​ | 427 | ​ | — | ​
Leases, net | ​ | ​ | 263 | ​ | — | ​ | 263 | ​ | 73,730 | ​ | 73,993 | ​ | — | ​ | 73,993 | ​ | 0.36 | ​
Total | ​ | $ | 3,663 | ​ | — | ​ | 3,663 | ​ | 1,366,973 | ​ | 1,370,636 | ​ | 9,193 | ​ | 1,379,829 | ​ | 0.93 | %
​ (1) Includes $17,142 of loans at fair value as of September 30, 2021 ($16,523 are current, $143 are 30-89 days past due, and $475 are 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, net | ​ | ​ | 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 are current, $958 are 30-89 days past due and $910 are nonaccrual).

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