XML 53 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
Allowance for Loan Losses Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Schedule of Aging of the Company's Loan Portfolio
The tables below show the aging of the Company’s loan portfolio at December 31, 2016 and 2015:
 
As of December 31, 2016
(Dollars in thousands)
 
Nonaccrual
 
90+ days
and still
accruing
 
60-89
days past
due
 
30-59
days past
due
 
Current
 
Total Loans
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
13,441

 
$
174

 
$
2,341

 
$
11,779

 
$
3,716,977

 
$
3,744,712

Franchise
 
—

 
—

 
—

 
493

 
869,228

 
869,721

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
204,225

 
204,225

Asset-based lending
 
1,924

 
—

 
135

 
1,609

 
871,402

 
875,070

Leases
 
510

 
—

 
—

 
1,331

 
293,073

 
294,914

PCI - commercial (1)
 
—

 
1,689

 
100

 
2,428

 
12,563

 
16,780

Total commercial
 
$
15,875

 
$
1,863

 
$
2,576

 
$
17,640

 
$
5,967,468

 
$
6,005,422

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
2,408

 
—

 
—

 
1,824

 
606,007

 
610,239

Land
 
394

 
—

 
188

 
—

 
104,219

 
104,801

Office
 
4,337

 
—

 
4,506

 
1,232

 
857,599

 
867,674

Industrial
 
7,047

 
—

 
4,516

 
2,436

 
756,602

 
770,601

Retail
 
597

 
—

 
760

 
3,364

 
907,872

 
912,593

Multi-family
 
643

 
—

 
322

 
1,347

 
805,312

 
807,624

Mixed use and other
 
6,498

 
—

 
1,186

 
12,632

 
1,931,859

 
1,952,175

PCI - commercial real estate (1)
 
—

 
16,188

 
3,775

 
8,888

 
141,529

 
170,380

Total commercial real estate
 
$
21,924

 
$
16,188

 
$
15,253

 
$
31,723

 
$
6,110,999

 
$
6,196,087

Home equity
 
9,761

 
—

 
1,630

 
6,515

 
707,887

 
725,793

Residential real estate, including PCI
 
12,749

 
1,309

 
936

 
8,271

 
681,956

 
705,221

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
14,709

 
7,962

 
5,646

 
14,580

 
2,435,684

 
2,478,581

Life insurance loans
 
—

 
3,717

 
17,514

 
16,204

 
3,182,935

 
3,220,370

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
249,657

 
249,657

Consumer and other, including PCI
 
439

 
207

 
100

 
887

 
120,408

 
122,041

Total loans, net of unearned income, excluding covered loans
 
$
75,457

 
$
31,246

 
$
43,655

 
$
95,820

 
$
19,456,994

 
$
19,703,172

Covered loans
 
2,121

 
2,492

 
225

 
1,553

 
51,754

 
58,145

Total loans, net of unearned income
 
$
77,578

 
$
33,738

 
$
43,880

 
$
97,373

 
$
19,508,748

 
$
19,761,317

(1)
PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. See Note 4, “Loans” for further discussion of these purchased loans.
As of December 31, 2015
(Dollars in thousands)
 
Nonaccrual
 
90+ days
and still
accruing
 
60-89
days past
due
 
30-59
days past
due
 
Current
 
Total Loans
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
12,704

 
$
6

 
$
6,749

 
$
12,930

 
$
3,226,139

 
$
3,258,528

Franchise
 
—

 
—

 
—

 
—

 
245,228

 
245,228

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
222,806

 
222,806

Asset-based lending
 
8

 
—

 
3,864

 
1,844

 
736,968

 
742,684

Leases
 
—

 
535

 
748

 
4,192

 
220,599

 
226,074

PCI - commercial (1)
 
—

 
892

 
—

 
2,510

 
15,187

 
18,589

Total commercial
 
$
12,712

 
$
1,433

 
$
11,361

 
$
21,476

 
$
4,666,927

 
$
4,713,909

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
$
306

 
$
—

 
$
1,371

 
$
1,645

 
$
355,338

 
$
358,660

Land
 
1,751

 
—

 
—

 
120

 
76,546

 
78,417

Office
 
4,619

 
—

 
764

 
3,817

 
853,801

 
863,001

Industrial
 
9,564

 
—

 
1,868

 
1,009

 
715,207

 
727,648

Retail
 
1,760

 
—

 
442

 
2,310

 
863,887

 
868,399

Multi-family
 
1,954

 
—

 
597

 
6,568

 
733,230

 
742,349

Mixed use and other
 
6,691

 
—

 
6,723

 
7,215

 
1,712,187

 
1,732,816

PCI - commercial real estate (1)
 
—

 
22,111

 
4,662

 
16,559

 
114,667

 
157,999

Total commercial real estate
 
$
26,645

 
$
22,111

 
$
16,427

 
$
39,243

 
$
5,424,863

 
$
5,529,289

Home equity
 
6,848

 
—

 
1,889

 
5,517

 
770,421

 
784,675

Residential real estate, including PCI
 
12,043

 
488

 
2,166

 
3,903

 
588,851

 
607,451

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
14,561

 
10,294

 
6,624

 
21,656

 
2,321,786

 
2,374,921

Life insurance loans
 
—

 
—

 
3,432

 
11,140

 
2,578,632

 
2,593,204

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
368,292

 
368,292

Consumer and other, including PCI
 
263

 
211

 
204

 
1,187

 
144,511

 
146,376

Total loans, net of unearned income, excluding covered loans
 
73,072

 
34,537

 
42,103

 
104,122

 
16,864,283

 
17,118,117

Covered loans
 
5,878

 
7,335

 
703

 
5,774

 
128,983

 
148,673

Total loans, net of unearned income
 
78,950

 
41,872

 
42,806

 
109,896

 
16,993,266

 
17,266,790

 
(1)
PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. See Note 4, “Loans” for further discussion of these purchased loans.
Summary of Recorded Investment Based on Performance of Loans by Class
The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at December 31, 2016 and 2015:
 
 
 
Performing
 
Non-performing
 
Total
 
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
(Dollars in thousands)
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
3,731,097

 
$
3,245,818

 
$
13,615

 
$
12,710

 
$
3,744,712

 
$
3,258,528

Franchise
 
869,721

 
245,228

 
—

 
—

 
869,721

 
245,228

Mortgage warehouse lines of credit
 
204,225

 
222,806

 
—

 
—

 
204,225

 
222,806

Asset-based lending
 
873,146

 
742,676

 
1,924

 
8

 
875,070

 
742,684

Leases
 
294,404

 
225,539

 
510

 
535

 
294,914

 
226,074

PCI - commercial (1)
 
16,780

 
18,589

 
—

 
—

 
16,780

 
18,589

Total commercial
 
$
5,989,373

 
$
4,700,656

 
$
16,049

 
$
13,253

 
$
6,005,422

 
$
4,713,909

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
607,831

 
358,354

 
2,408

 
306

 
610,239

 
358,660

Land
 
104,407

 
76,666

 
394

 
1,751

 
104,801

 
78,417

Office
 
863,337

 
858,382

 
4,337

 
4,619

 
867,674

 
863,001

Industrial
 
763,554

 
718,084

 
7,047

 
9,564

 
770,601

 
727,648

Retail
 
911,996

 
866,639

 
597

 
1,760

 
912,593

 
868,399

Multi-family
 
806,981

 
740,395

 
643

 
1,954

 
807,624

 
742,349

Mixed use and other
 
1,945,677

 
1,726,125

 
6,498

 
6,691

 
1,952,175

 
1,732,816

PCI - commercial real estate (1)
 
170,380

 
157,999

 
—

 
—

 
170,380

 
157,999

Total commercial real estate
 
$
6,174,163

 
$
5,502,644

 
$
21,924

 
$
26,645

 
$
6,196,087

 
$
5,529,289

Home equity
 
716,032

 
777,827

 
9,761

 
6,848

 
725,793

 
784,675

Residential real estate, including PCI
 
692,472

 
595,408

 
12,749

 
12,043

 
705,221

 
607,451

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
2,455,910

 
2,350,066

 
22,671

 
24,855

 
2,478,581

 
2,374,921

Life insurance loans
 
3,216,653

 
2,593,204

 
3,717

 
—

 
3,220,370

 
2,593,204

PCI - life insurance loans (1)
 
249,657

 
368,292

 
—

 
—

 
249,657

 
368,292

Consumer and other, including PCI
 
121,458

 
145,963

 
583

 
413

 
122,041

 
146,376

Total loans, net of unearned income, excluding covered loans
 
$
19,615,718

 
$
17,034,060

 
$
87,454

 
$
84,057

 
$
19,703,172

 
$
17,118,117

(1)
PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 4, “Loans” for further discussion of these purchased loans.
Summary of Activity in the Allowance for Credit Losses by Loan Portfolio
A summary of the activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the years ended December 31, 2016 and 2015 is as follows:
 
Year Ended 
December 31, 2016
(Dollars in thousands)
 
Commercial
 
Commercial
Real Estate
 
Home
Equity
 
Residential
Real Estate
 
Premium
Finance
Receivable
 
Consumer
and Other
 
Total,
Excluding
Covered 
Loans
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at beginning of period
 
$
36,135

 
$
43,758

 
$
12,012

 
$
4,734

 
$
7,233

 
$
1,528

 
$
105,400

Other adjustments
 
(90
)
 
(154
)
 
—

 
(57
)
 
10

 
—

 
(291
)
Reclassification to/from allowance for unfunded lending-related commitments
 
(500
)
 
(225
)
 
—

 
—

 
—

 
—

 
(725
)
Charge-offs
 
(7,915
)
 
(1,930
)
 
(3,998
)
 
(1,730
)
 
(8,193
)
 
(925
)
 
(24,691
)
Recoveries
 
1,594

 
2,945

 
484

 
225

 
2,374

 
186

 
7,808

Provision for credit losses
 
15,269

 
7,028

 
3,276

 
2,542

 
6,201

 
474

 
34,790

Allowance for loan losses at period end
 
$
44,493

 
$
51,422

 
$
11,774

 
$
5,714

 
$
7,625

 
$
1,263

 
$
122,291

Allowance for unfunded lending-related commitments at period end
 
500

 
1,173

 
—

 
—

 
—

 
—

 
1,673

Allowance for credit losses at period end
 
$
44,993

 
$
52,595

 
$
11,774

 
$
5,714

 
$
7,625

 
$
1,263

 
$
123,964

By measurement method:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
1,717

 
3,004

 
1,233

 
849

 
—

 
100

 
6,903

Collectively evaluated for impairment
 
42,624

 
49,552

 
10,541

 
4,792

 
7,625

 
1,162

 
116,296

Loans acquired with deteriorated credit quality
 
652

 
39

 
—

 
73

 
—

 
1

 
765

Loans at period end:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
20,790

 
$
42,309

 
$
9,994

 
$
17,735

 
$
—

 
$
495

 
$
91,323

Collectively evaluated for impairment
 
5,967,852

 
5,983,398

 
715,799

 
683,182

 
5,698,951

 
120,375

 
19,169,557

Loans acquired with deteriorated credit quality
 
16,780

 
170,380

 
—

 
4,304

 
249,657

 
1,171

 
442,292

 
Year Ended 
December 31, 2015
(Dollars in thousands)
 
Commercial
 
Commercial
Real Estate
 
Home
Equity
 
Residential
Real Estate
 
Premium
Finance
Receivable
 
Consumer
and Other
 
Total,
Excluding
Covered 
Loans
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at beginning of period
 
$
31,699

 
$
35,533

 
$
12,500

 
$
4,218

 
$
6,513

 
$
1,242

 
$
91,705

Other adjustments
 
(51
)
 
(419
)
 
—

 
(125
)
 
(142
)
 
—

 
(737
)
Reclassification to/from allowance for unfunded lending-related commitments
 
—

 
(138
)
 
—

 
—

 
—

 
—

 
(138
)
Charge-offs
 
(4,253
)
 
(6,543
)
 
(4,227
)
 
(2,903
)
 
(7,060
)
 
(521
)
 
(25,507
)
Recoveries
 
1,432

 
2,840

 
312

 
283

 
1,304

 
159

 
6,330

Provision for credit losses
 
7,308

 
12,485

 
3,427

 
3,261

 
6,618

 
648

 
33,747

Allowance for loan losses at period end
 
$
36,135

 
$
43,758

 
$
12,012

 
$
4,734

 
$
7,233

 
$
1,528

 
$
105,400

Allowance for unfunded lending-related commitments at period end
 
—

 
949

 
—

 
—

 
—

 
—

 
949

Allowance for credit losses at period end
 
$
36,135

 
$
44,707

 
$
12,012

 
$
4,734

 
$
7,233

 
$
1,528

 
$
106,349

By measurement method:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
2,026

 
3,733

 
333

 
316

 
—

 
10

 
6,418

Collectively evaluated for impairment
 
34,025

 
40,625

 
11,679

 
4,416

 
7,233

 
1,518

 
99,496

Loans acquired with deteriorated credit quality
 
84

 
349

 
—

 
2

 
—

 
—

 
435

Loans at period end:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
18,789

 
$
59,871

 
$
6,847

 
$
16,522

 
$
—

 
$
392

 
$
102,421

Collectively evaluated for impairment
 
4,676,531

 
5,311,419

 
777,828

 
587,463

 
4,968,125

 
144,640

 
16,466,006

Loans acquired with deteriorated credit quality
 
18,589

 
157,999

 
—

 
3,466

 
368,292

 
1,344

 
549,690
Summary of Activity in the Allowance for Covered Loan Losses
A summary of activity in the allowance for covered loan losses for the years ended December 31, 2016 and 2015 is as follows:
 
 
 
Years Ended
 
 
December 31,
 
December 31,
(Dollars in thousands)
 
2016
 
2015
Balance at beginning of period
 
$
3,026

 
$
2,131

Allowance for covered loan losses transferred to allowance for loan losses subsequent to loss share expiration
 
(156
)
 
—

Provision for covered loan losses before benefit attributable to FDIC loss share agreements
 
(3,530
)
 
(5,350
)
Benefit attributable to FDIC loss share agreements
 
2,949

 
4,545

Net provision for covered loan losses and transfer from allowance for covered loan losses to allowance for loan losses
 
$
(737
)
 
$
(805
)
Increase/decrease in FDIC indemnification liability/asset
 
(2,949
)
 
(4,545
)
Loans charged-off
 
(1,410
)
 
(827
)
Recoveries of loans charged-off
 
3,392

 
7,072

Net recoveries
 
$
1,982

 
$
6,245

Balance at end of period
 
$
1,322

 
$
3,026
Impaired Loans Including Restructured Loans Table
A summary of impaired loans, including TDRs, at December 31, 2016 and 2015 is as follows:
 
(Dollars in thousands)
 
2016
 
2015
Impaired loans (included in non-performing and restructured loans):
 
 
 
 
Impaired loans with an allowance for loan loss required (1)
 
$
33,146

 
$
49,961

Impaired loans with no allowance for loan loss required
 
57,370

 
51,294

Total impaired loans (2)
 
$
90,516

 
$
101,255

Allowance for loan losses related to impaired loans
 
$
6,377

 
$
6,380

TDRs
 
41,708

 
51,853

Reduction of interest income from non-accrual loans
 
3,060

 
3,006

Interest income recognized on impaired loans
 
5,485

 
6,198

(1)
These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans.
(2)
Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest.
Summary of Impaired Loans Evaluated for Impairment by Loan Class
The following tables present impaired loans evaluated for impairment by loan class as of December 31, 2016 and 2015:

 
 
As of
 
For the Year Ended
December 31, 2016
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid 
Principal
Balance
 
Related
Allowance
 
Average 
Recorded
Investment
 
Interest Income
Recognized
Impaired loans with a related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
2,601

 
$
2,617

 
$
1,079

 
$
2,649

 
$
134

Asset-based lending
 
233

 
235

 
26

 
235

 
10

Leases
 
2,441

 
2,443

 
107

 
2,561

 
128

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
5,302

 
5,302

 
86

 
5,368

 
164

Land
 
1,283

 
1,283

 
1

 
1,303

 
47

Office
 
2,687

 
2,697

 
324

 
2,797

 
137

Industrial
 
5,207

 
5,843

 
1,810

 
7,804

 
421

Retail
 
1,750

 
1,834

 
170

 
2,039

 
101

Multi-family
 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
3,812

 
4,010

 
592

 
4,038

 
195

Home equity
 
1,961

 
1,873

 
1,233

 
1,969

 
75

Residential real estate
 
5,752

 
6,327

 
849

 
5,816

 
261

Consumer and other
 
117

 
121

 
100

 
131

 
7

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
12,534

 
$
14,704

 
$
—

 
$
14,944

 
$
948

Asset-based lending
 
1,691

 
2,550

 
—

 
8,467

 
377

Leases
 
873

 
873

 
—

 
939

 
56

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
4,003

 
4,003

 
—

 
4,161

 
81

Land
 
3,034

 
3,503

 
—

 
3,371

 
142

Office
 
3,994

 
5,921

 
—

 
4,002

 
323

Industrial
 
2,129

 
2,436

 
—

 
2,828

 
274

Retail
 
—

 
—

 
—

 
—

 
—

Multi-family
 
1,903

 
1,987

 
—

 
1,825

 
84

Mixed use and other
 
6,815

 
7,388

 
—

 
6,912

 
397

Home equity
 
8,033

 
10,483

 
—

 
8,830

 
475

Residential real estate
 
11,983

 
14,124

 
—

 
12,041

 
622

Consumer and other
 
378

 
489

 
—

 
393

 
26

Total loans, net of unearned income
 
$
90,516

 
$
103,046

 
$
6,377

 
$
105,423

 
$
5,485

 
 
As of
 
For the Year Ended
December 31, 2015
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid 
Principal
Balance
 
Related
Allowance
 
Average 
Recorded
Investment
 
Interest Income
Recognized
Impaired loans with a related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
9,754

 
$
12,498

 
$
2,012

 
$
10,123

 
$
792

Asset-based lending
 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
—

 
—

 
—

 
—

 
—

Land
 
4,929

 
8,711

 
41

 
5,127

 
547

Office
 
5,050

 
6,051

 
632

 
5,394

 
314

Industrial
 
8,413

 
9,105

 
1,943

 
10,590

 
565

Retail
 
8,527

 
9,230

 
343

 
8,596

 
386

Multi-family
 
370

 
370

 
202

 
372

 
25

Mixed use and other
 
7,590

 
7,708

 
570

 
7,681

 
328

Home equity
 
423

 
435

 
333

 
351

 
16

Residential real estate
 
4,710

 
4,799

 
294

 
4,618

 
182

Consumer and other
 
195

 
220

 
10

 
216

 
12

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
8,562

 
$
9,915

 
$
—

 
$
9,885

 
$
521

Asset-based lending
 
8

 
1,570

 
—

 
5

 
88

Leases
 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
2,328

 
2,329

 
—

 
2,316

 
113

Land
 
888

 
2,373

 
—

 
929

 
90

Office
 
3,500

 
4,484

 
—

 
3,613

 
237

Industrial
 
2,217

 
2,426

 
—

 
2,286

 
188

Retail
 
2,757

 
2,925

 
—

 
2,897

 
129

Multi-family
 
2,344

 
2,807

 
—

 
2,390

 
117

Mixed use and other
 
10,510

 
14,060

 
—

 
11,939

 
624

Home equity
 
6,424

 
7,987

 
—

 
5,738

 
288

Residential real estate
 
11,559

 
13,979

 
—

 
11,903

 
624

Consumer and other
 
197

 
267

 
—

 
201

 
12

Total loans, net of unearned income
 
$
101,255

 
$
124,249

 
$
6,380

 
$
107,170

 
$
6,198
Summary of the Post-Modification Balance of Loans Restructured
The tables below present a summary of the post-modification balance of loans restructured during the years ended December 31, 2016, 2015, and 2014, which represent TDRs:
Year ended 
December 31, 2016
 
Total (1)(2)
 
Extension at
Below Market
Terms (2)
 
Reduction of
Interest Rate (2)
 
Modification to
Interest-only
Payments (2)
 
Forgiveness of Debt (2)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
3

 
$
345

 
3

 
$
345

 
—

 
$
—

 
—

 
$
—

 
1

 
$
275

Leases
 
2

 
$
2,949

 
2

 
$
2,949

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial construction
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Land
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Office
 
1

 
450

 
1

 
450

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
6

 
7,921

 
6

 
7,921

 
3

 
7,196

 
—

 
—

 
—

 
—

Retail
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Multi-family
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
2

 
150

 
2

 
150

 
—

 
—

 
—

 
—

 
—

 
—

Residential real estate and other
 
7

 
1,082

 
5

 
841

 
6

 
850

 
2

 
470

 
—

 
—

Total loans
 
21

 
$
12,897

 
19

 
$
12,656

 
9

 
$
8,046

 
2

 
$
470

 
1

 
$
275

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended
December 31, 2015
 
Total (1)(2)
 
Extension at
Below Market
Terms (2)
 
Reduction of
Interest Rate (2)
 
Modification to
Interest-only
Payments (2)
 
Forgiveness of Debt (2)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Leases
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
1

 
169

 
1

 
169

 
—

 
—

 
1

 
169

 
—

 
—

Retail
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Multi-family
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
2

 
201

 
2

 
201

 
—

 
—

 
2

 
201

 
—

 
—

Residential real estate and other
 
9

 
1,664

 
9

 
1,664

 
5

 
674

 
1

 
50

 
—

 
—

Total loans
 
12

 
$
2,034

 
12

 
$
2,034

 
5

 
$
674

 
4

 
$
420

 
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended
December 31, 2014
 
Total (1)(2)
 
Extension at
Below Market
Terms (2)
 
Reduction of
Interest Rate (2)
 
Modification to
Interest-only
Payments (2)
 
Forgiveness of Debt (2)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
2

 
$
1,549

 
1

 
$
88

 
1

 
$
1,461

 
2

 
$
1,549

 
—

 
$
—

Leases
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
2

 
1,510

 
2

 
1,510

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
2

 
1,763

 
2

 
1,763

 
1

 
685

 
1

 
1,078

 
—

 
—

Retail
 
1

 
202

 
1

 
202

 
—

 
—

 
—

 
—

 
—

 
—

Multi-family
 
1

 
181

 
—

 
—

 
1

 
181

 
—

 
—

 
—

 
—

Mixed use and other
 
7

 
4,926

 
3

 
2,837

 
7

 
4,926

 
1

 
1,273

 
—

 
—

Residential real estate and other
 
6

 
1,836

 
5

 
1,625

 
4

 
1,138

 
1

 
220

 
—

 
—

Total loans
 
21

 
$
11,967

 
14

 
$
8,025

 
14

 
$
8,391

 
5

 
$
4,120

 
—

 
$
—

 
(1)
TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above.
(2)
Balances represent the recorded investment in the loan at the time of the restructuring.
Troubled Debt Restructuring Subsequent Default [Table Text Block]
The tables below present a summary of all loans restructured in TDRs during the years ended December 31, 2016, 2015, and 2014, and such loans which were in payment default under the restructured terms during the respective periods: 
 
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
 
Total (1)(3)
 
Payments in
Default  (2)(3)
 
Total (1)(3)
 
Payments in
Default  (2)(3)
 
Total (1)(3)
 
Payments in
Default  (2)(3)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
3

 
$
345

 
1

 
$
28

 
—

 
$
—

 
—

 
$
—

 
2

 
$
1,549

 
1

 
$
88

Leases
 
2

 
$
2,949

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Commercial real-estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
1

 
450

 
1

 
450

 
—

 
—

 
—

 
—

 
2

 
1,510

 
—

 
—

Industrial
 
6

 
7,921

 
5

 
7,347

 
1

 
169

 
—

 
—

 
2

 
1,763

 
1

 
1,078

Retail
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
202

 
—

 
—

Multi-family
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
181

 
1

 
181

Mixed use and other
 
2

 
150

 
1

 
16

 
2

 
201

 
2

 
201

 
7

 
4,926

 
2

 
569

Residential real estate and other
 
7

 
1,082

 
—

 
—

 
9

 
1,664

 
4

 
568

 
6

 
1,836

 
1

 
211

Total loans
 
21

 
$
12,897

 
8

 
$
7,841

 
12

 
$
2,034

 
6

 
$
769

 
21

 
$
11,967

 
6

 
$
2,127

(1)
Total TDRs represent all loans restructured in TDRs during the year indicated.
(2)
TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring.
(3)
Balances represent the recorded investment in the loan at the time of the restructuring.