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Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018 and 2017:
 
As of December 31, 2018
(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
 
$
34,298

 
$
—

 
$
1,451

 
$
21,618

 
$
5,062,729

 
$
5,120,096

Franchise
 
16,051

 
—

 
—

 
8,738

 
924,190

 
948,979

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
144,199

 
144,199

Asset-based lending
 
635

 
—

 
200

 
3,156

 
1,022,065

 
1,026,056

Leases
 
—

 
—

 
—

 
1,250

 
564,430

 
565,680

PCI - commercial (1)
 
—

 
3,313

 
—

 
99

 
20,116

 
23,528

Total commercial
 
$
50,984

 
$
3,313

 
$
1,651

 
$
34,861

 
$
7,737,729

 
$
7,828,538

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
1,554

 
—

 
—

 
9,424

 
749,846

 
760,824

Land
 
107

 
—

 
170

 
107

 
141,097

 
141,481

Office
 
3,629

 
—

 
877

 
5,077

 
929,739

 
939,322

Industrial
 
285

 
—

 
—

 
16,596

 
885,367

 
902,248

Retail
 
10,753

 
—

 
1,890

 
1,729

 
878,106

 
892,478

Multi-family
 
311

 
—

 
77

 
5,575

 
970,597

 
976,560

Mixed use and other
 
2,490

 
—

 
1,617

 
8,983

 
2,192,105

 
2,205,195

PCI - commercial real estate (1)
 
—

 
6,241

 
6,195

 
4,075

 
98,633

 
115,144

Total commercial real estate
 
$
19,129

 
$
6,241

 
$
10,826

 
$
51,566

 
$
6,845,490

 
$
6,933,252

Home equity
 
7,147

 
—

 
131

 
3,105

 
541,960

 
552,343

Residential real estate, including PCI
 
16,383

 
1,292

 
1,692

 
6,171

 
976,926

 
1,002,464

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
11,335

 
7,799

 
11,382

 
15,085

 
2,796,058

 
2,841,659

Life insurance loans
 
—

 
—

 
8,407

 
24,628

 
4,340,856

 
4,373,891

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
167,903

 
167,903

Consumer and other, including PCI
 
348

 
227

 
87

 
733

 
119,246

 
120,641

Total loans, net of unearned income
 
$
105,326

 
$
18,872

 
$
34,176

 
$
136,149

 
$
23,526,168

 
$
23,820,691

(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, 2017
(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
 
$
11,260

 
$
—

 
$
3,746

 
$
13,392

 
$
4,314,107

 
$
4,342,505

Franchise
 
2,447

 
—

 
—

 
—

 
845,150

 
847,597

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
4,000

 
190,523

 
194,523

Asset-based lending
 
1,550

 
—

 
283

 
10,057

 
968,576

 
980,466

Leases
 
439

 
—

 
3

 
1,958

 
410,772

 
413,172

PCI - commercial (1)
 
—

 
877

 
186

 
—

 
8,351

 
9,414

Total commercial
 
$
15,696

 
$
877

 
$
4,218

 
$
29,407

 
$
6,737,479

 
$
6,787,677

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
$
3,143

 
$
—

 
$
—

 
$
200

 
$
742,171

 
$
745,514

Land
 
188

 
—

 
—

 
5,156

 
121,140

 
126,484

Office
 
2,438

 
—

 
—

 
4,458

 
887,937

 
894,833

Industrial
 
811

 
—

 
—

 
2,412

 
879,796

 
883,019

Retail
 
12,328

 
—

 
668

 
148

 
938,383

 
951,527

Multi-family
 
—

 
—

 
—

 
1,034

 
914,610

 
915,644

Mixed use and other
 
3,140

 
—

 
1,423

 
9,641

 
1,921,501

 
1,935,705

PCI - commercial real estate (1)
 
—

 
7,135

 
2,255

 
6,277

 
112,225

 
127,892

Total commercial real estate
 
$
22,048

 
$
7,135

 
$
4,346

 
$
29,326

 
$
6,517,763

 
$
6,580,618

Home equity
 
8,978

 
—

 
518

 
4,634

 
648,915

 
663,045

Residential real estate, including PCI
 
17,977

 
5,304

 
1,303

 
8,378

 
799,158

 
832,120

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
12,163

 
9,242

 
17,796

 
15,849

 
2,579,515

 
2,634,565

Life insurance loans
 
—

 
—

 
4,837

 
10,017

 
3,820,936

 
3,835,790

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
199,269

 
199,269

Consumer and other, including PCI
 
740

 
101

 
242

 
727

 
105,903

 
107,713

Total loans, net of unearned income, excluding covered loans
 
77,602

 
22,659

 
33,260

 
98,338

 
21,408,938

 
21,640,797

(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, per the most recent analysis at December 31, 2018 and 2017:
 
 
 
Performing
 
Non-performing
 
Total
 
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
(Dollars in thousands)
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
5,085,798

 
$
4,331,245

 
$
34,298

 
$
11,260

 
$
5,120,096

 
$
4,342,505

Franchise
 
932,928

 
845,150

 
16,051

 
2,447

 
948,979

 
847,597

Mortgage warehouse lines of credit
 
144,199

 
194,523

 
—

 
—

 
144,199

 
194,523

Asset-based lending
 
1,025,421

 
978,916

 
635

 
1,550

 
1,026,056

 
980,466

Leases
 
565,680

 
412,733

 
—

 
439

 
565,680

 
413,172

PCI - commercial (1)
 
23,528

 
9,414

 
—

 
—

 
23,528

 
9,414

Total commercial
 
$
7,777,554

 
$
6,771,981

 
$
50,984

 
$
15,696

 
$
7,828,538

 
$
6,787,677

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
759,270

 
742,371

 
1,554

 
3,143

 
760,824

 
745,514

Land
 
141,374

 
126,296

 
107

 
188

 
141,481

 
126,484

Office
 
935,693

 
892,395

 
3,629

 
2,438

 
939,322

 
894,833

Industrial
 
901,963

 
882,208

 
285

 
811

 
902,248

 
883,019

Retail
 
881,725

 
939,199

 
10,753

 
12,328

 
892,478

 
951,527

Multi-family
 
976,249

 
915,644

 
311

 
—

 
976,560

 
915,644

Mixed use and other
 
2,202,705

 
1,932,565

 
2,490

 
3,140

 
2,205,195

 
1,935,705

PCI - commercial real estate (1)
 
115,144

 
127,892

 
—

 
—

 
115,144

 
127,892

Total commercial real estate
 
$
6,914,123

 
$
6,558,570

 
$
19,129

 
$
22,048

 
$
6,933,252

 
$
6,580,618

Home equity
 
545,196

 
654,067

 
7,147

 
8,978

 
552,343

 
663,045

Residential real estate, including PCI
 
986,081

 
810,865

 
16,383

 
21,255

 
1,002,464

 
832,120

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
2,822,525

 
2,613,160

 
19,134

 
21,405

 
2,841,659

 
2,634,565

Life insurance loans
 
4,373,891

 
3,835,790

 
—

 
—

 
4,373,891

 
3,835,790

PCI - life insurance loans (1)
 
167,903

 
199,269

 
—

 
—

 
167,903

 
199,269

Consumer and other, including PCI
 
120,184

 
106,933

 
457

 
780

 
120,641

 
107,713

Total loans, net of unearned income, excluding covered loans
 
$
23,707,457

 
$
21,550,635

 
$
113,234

 
$
90,162

 
$
23,820,691

 
$
21,640,797

(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, 2018 and 2017 is as follows:
 
Year Ended 
December 31, 2018
(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
 
$
57,811

 
$
55,227

 
$
10,493

 
$
6,688

 
$
6,846

 
$
840

 
$
137,905

Other adjustments
 
(3
)
 
(85
)
 
(5
)
 
(25
)
 
(63
)
 
—

 
(181
)
Reclassification to/from allowance for unfunded lending-related commitments
 
—

 
(126
)
 
—

 
—

 
—

 
—

 
(126
)
Charge-offs
 
(14,532
)
 
(1,395
)
 
(2,245
)
 
(1,355
)
 
(12,228
)
 
(880
)
 
(32,635
)
Recoveries
 
1,457

 
5,631

 
541

 
2,075

 
3,069

 
202

 
12,975

Provision for credit losses
 
23,093

 
1,015

 
(277
)
 
(189
)
 
10,091

 
1,099

 
34,832

Allowance for loan losses at period end
 
$
67,826

 
$
60,267

 
$
8,507

 
$
7,194

 
$
7,715

 
$
1,261

 
$
152,770

Allowance for unfunded lending-related commitments at period end
 
—

 
1,394

 
—

 
—

 
—

 
—

 
1,394

Allowance for credit losses at period end
 
$
67,826

 
$
61,661

 
$
8,507

 
$
7,194

 
$
7,715

 
$
1,261

 
$
154,164

By measurement method:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
6,558

 
4,287

 
282

 
204

 
—

 
116

 
11,447

Collectively evaluated for impairment
 
60,749

 
57,329

 
8,225

 
6,894

 
7,715

 
1,145

 
142,057

Loans acquired with deteriorated credit quality
 
519

 
45

 
—

 
96

 
—

 
—

 
660

Loans at period end:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
59,529

 
$
33,274

 
$
12,255

 
$
22,064

 
$
—

 
$
397

 
$
127,519

Collectively evaluated for impairment
 
7,745,482

 
6,784,834

 
540,088

 
877,526

 
7,215,550

 
117,441

 
23,280,921

Loans acquired with deteriorated credit quality
 
23,527

 
115,144

 
—

 
9,017

 
167,903

 
2,803

 
318,394

Loan held at fair value
 
—

 
—

 
—

 
93,857

 
—

 
—

 
93,857

Year Ended 
December 31, 2017
(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
 
$
44,493

 
$
51,422

 
$
11,774

 
$
5,714

 
$
7,625

 
$
1,263

 
$
122,291

Other adjustments (1)
 
16

 
(155
)
 
167

 
356

 
138

 
51

 
573

Reclassification to/from allowance for unfunded lending-related commitments
 
500

 
(431
)
 
—

 
—

 
—

 
—

 
69

Charge-offs
 
(5,159
)
 
(4,236
)
 
(3,952
)
 
(1,284
)
 
(7,335
)
 
(729
)
 
(22,695
)
Recoveries
 
1,870

 
2,190

 
746

 
452

 
2,128

 
299

 
7,685

Provision for credit losses
 
16,091

 
6,437

 
1,758

 
1,450

 
4,290

 
(44
)
 
29,982

Allowance for loan losses at period end
 
$
57,811

 
$
55,227

 
$
10,493

 
$
6,688

 
$
6,846

 
$
840

 
$
137,905

Allowance for unfunded lending-related commitments at period end
 
—

 
1,269

 
—

 
—

 
—

 
—

 
1,269

Allowance for credit losses at period end
 
$
57,811

 
$
56,496

 
$
10,493

 
$
6,688

 
$
6,846

 
$
840

 
$
139,174

By measurement method:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
4,464

 
2,177

 
784

 
586

 
—

 
26

 
8,037

Collectively evaluated for impairment
 
52,820

 
53,938

 
9,709

 
5,979

 
6,846

 
814

 
130,106

Loans acquired with deteriorated credit quality
 
527

 
381

 
—

 
123

 
—

 
—

 
1,031

Loans at period end:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
35,612

 
$
38,534

 
$
9,254

 
$
21,253

 
$
—

 
$
759

 
$
105,412

Collectively evaluated for impairment
 
6,742,651

 
6,414,192

 
653,791

 
765,149

 
6,470,355

 
104,840

 
21,150,978

Loans acquired with deteriorated credit quality
 
9,414

 
127,892

 
—

 
12,001

 
199,269

 
2,114

 
350,690

Loan held at fair value
 
—

 
—

 
—

 
33,717

 
—

 
—

 
33,717


(1)
Includes $742,000 of allowance for covered loan losses reclassified as a result of the termination of all existing loss share agreements with the FDIC during the fourth quarter of 2017.
Summary of Activity in the Allowance for Covered Loan Losses
A summary of activity in the allowance for covered loan losses for the year ended December 31, 2017 is as follows:
 
 
 
Year Ended
 
 
December 31,
(Dollars in thousands)
 
2017
Balance at beginning of period
 
$
1,322

Allowance for covered loan losses transferred to allowance for loan losses subsequent to loss share termination or expiration
 
(742
)
Provision for covered loan losses before benefit attributable to FDIC loss share agreements
 
(1,063
)
Benefit attributable to FDIC loss share agreements
 
1,592

Net provision for covered loan losses and transfer from allowance for covered loan losses to allowance for loan losses
 
$
(213
)
Increase in FDIC indemnification liability
 
(1,592
)
Loans charged-off
 
(517
)
Recoveries of loans charged-off
 
1,000

Net recoveries
 
$
483

Balance at end of period
 
$
—
Impaired Loans Including Restructured Loans Table
A summary of impaired loans, including TDRs, at December 31, 2018 and 2017 is as follows:
 
(Dollars in thousands)
 
2018
 
2017
Impaired loans (included in non-performing and restructured loans):
 
 
 
 
Impaired loans with an allowance for loan loss required (1)
 
$
60,219

 
$
36,084

Impaired loans with no allowance for loan loss required
 
67,050

 
69,004

Total impaired loans (2)
 
$
127,269

 
$
105,088

Allowance for loan losses related to impaired loans
 
$
11,437

 
$
8,023

TDRs
 
66,102

 
49,786

Reduction of interest income from non-accrual loans
 
3,422

 
2,373

Interest income recognized on impaired loans
 
7,347

 
6,298

(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, 2018 and 2017:

 
 
As of
 
For the Year Ended
December 31, 2018
(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
 
$
16,703

 
$
17,029

 
$
4,866

 
$
17,868

 
$
1,181

Franchise
 
16,021

 
16,256

 
1,375

 
16,221

 
909

Asset-based lending
 
557

 
557

 
317

 
689

 
50

Leases
 
1,730

 
1,730

 
—

 
1,812

 
91

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
1,554

 
1,554

 
550

 
1,554

 
76

Land
 
—

 
—

 
—

 
—

 
—

Office
 
573

 
638

 
21

 
587

 
25

Industrial
 
—

 
—

 
—

 
—

 
—

Retail
 
14,633

 
14,633

 
3,413

 
14,694

 
676

Multi-family
 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
1,188

 
1,221

 
293

 
1,354

 
66

Home equity
 
3,133

 
3,470

 
282

 
3,165

 
131

Residential real estate
 
4,011

 
4,263

 
204

 
4,056

 
159

Consumer and other
 
116

 
129

 
116

 
119

 
7

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
18,314

 
$
21,501

 
$
—

 
$
20,547

 
$
1,143

Franchise
 
5,152

 
5,154

 
—

 
5,320

 
403

Asset-based lending
 
207

 
601

 
—

 
569

 
51

Leases
 
845

 
879

 
—

 
936

 
56

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
1,117

 
1,117

 
—

 
1,218

 
52

Land
 
3,396

 
3,491

 
—

 
3,751

 
198

Office
 
3,629

 
3,642

 
—

 
3,651

 
184

Industrial
 
322

 
450

 
—

 
363

 
30

Retail
 
1,592

 
1,945

 
—

 
1,699

 
110

Multi-family
 
1,498

 
1,595

 
—

 
1,529

 
55

Mixed use and other
 
3,522

 
3,836

 
—

 
3,611

 
227

Home equity
 
9,122

 
12,383

 
—

 
9,323

 
564

Residential real estate
 
18,053

 
20,765

 
—

 
18,552

 
883

Consumer and other
 
281

 
407

 
—

 
293

 
20

Total loans, net of unearned income
 
$
127,269

 
$
139,246

 
$
11,437

 
$
133,481

 
$
7,347

 
 
As of
 
For the Year Ended
December 31, 2017
(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
 
$
6,233

 
$
7,323

 
$
3,951

 
$
7,220

 
$
452

Franchise
 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
948

 
949

 
355

 
1,302

 
72

Leases
 
2,331

 
2,337

 
158

 
2,463

 
117

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
3,097

 
3,897

 
403

 
3,690

 
197

Land
 
—

 
—

 
—

 


 
—

Office
 
471

 
471

 
5

 
481

 
24

Industrial
 
408

 
408

 
40

 
414

 
25

Retail
 
15,599

 
15,657

 
1,336

 
15,736

 
624

Multi-family
 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
1,567

 
1,586

 
379

 
1,599

 
77

Home equity
 
1,606

 
1,869

 
784

 
1,626

 
81

Residential real estate
 
3,798

 
3,910

 
586

 
3,790

 
146

Consumer and other
 
26

 
28

 
26

 
27

 
2

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
8,460

 
$
12,259

 
$
—

 
$
10,170

 
$
683

Franchise
 
16,256

 
16,256

 
—

 
17,089

 
780

Asset-based lending
 
602

 
602

 
—

 
688

 
40

Leases
 
782

 
782

 
—

 
845

 
49

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
1,367

 
1,678

 
—

 
1,555

 
84

Land
 
3,961

 
4,192

 
—

 
4,129

 
182

Office
 
2,438

 
6,140

 
—

 
3,484

 
330

Industrial
 
403

 
2,010

 
—

 
1,849

 
174

Retail
 
2,393

 
3,538

 
—

 
2,486

 
221

Multi-family
 
1,231

 
2,078

 
—

 
1,246

 
76

Mixed use and other
 
5,275

 
6,731

 
—

 
5,559

 
351

Home equity
 
7,648

 
11,648

 
—

 
9,114

 
603

Residential real estate
 
17,455

 
20,327

 
—

 
17,926

 
860

Consumer and other
 
733

 
890

 
—

 
773

 
48

Total loans, net of unearned income
 
$
105,088

 
$
127,566

 
$
8,023

 
$
115,261

 
$
6,298
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, 2018, 2017, and 2016, which represent TDRs:
Year ended 
December 31, 2018
 
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
 
4

 
$
13,441

 
3

 
$
691

 
—

 
$
—

 
1

 
$
12,750

 
—

 
$
—

Franchise
 
3

 
5,157

 
1

 
35

 
—

 
—

 
2

 
5,122

 
—

 
—

Asset-based lending
 
1

 
130

 
1

 
130

 
—

 
—

 
—

 
—

 
—

 
—

Leases
 
1

 
239

 
1

 
239

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
1

 
59

 
1

 
59

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
2

 
455

 
2

 
455

 
1

 
85

 
—

 
—

 
—

 
—

Residential real estate and other
 
59

 
9,762

 
58

 
9,523

 
27

 
2,789

 
—

 
—

 
1

 
239

Total loans
 
71

 
$
29,243

 
67

 
$
11,132

 
28

 
$
2,874

 
3

 
$
17,872

 
1

 
$
239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended
December 31, 2017
 
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
 
5

 
$
3,775

 
1

 
$
95

 
1

 
$
2,272

 
3

 
$
1,408

 
—

 
$
—

Franchise
 
3

 
16,256

 
—

 
—

 
—

 
—

 
3

 
16,256

 
—

 
—

Asset-based lending
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
1

 
1,245

 
1

 
1,245

 
—

 
—

 
—

 
—

 
—

 
—

Residential real estate and other
 
12

 
3,049

 
10

 
2,925

 
8

 
2,643

 
1

 
55

 
1

 
69

Total loans
 
21

 
$
24,325

 
12

 
$
4,265

 
9

 
$
4,915

 
7

 
$
17,719

 
1

 
$
69

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

Franchise
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Leases
 
2

 
2,949

 
2

 
2,949

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
1

 
450

 
1

 
450

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
6

 
7,921

 
6

 
7,921

 
3

 
7,196

 
—

 
—

 
—

 
—

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

 
(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
The tables below present a summary of all loans restructured in TDRs during the years ended December 31, 2018, 2017, and 2016, and such loans which were in payment default under the restructured terms during the respective periods: 
 
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
 
 
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
 
4

 
$
13,441

 
2

 
$
174

 
5

 
$
3,775

 
4

 
$
3,681

 
3

 
$
345

 
1

 
$
28

Franchise
 
3

 
5,157

 
2

 
5,122

 
3

 
16,256

 
—

 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
1

 
130

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Leases
 
1

 
239

 
—

 
—

 
—

 
—

 
—

 
—

 
2

 
2,949

 
—

 
—

Commercial real-estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
1

 
59

 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
450

 
1

 
450

Industrial
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
6

 
7,921

 
5

 
7,347

Mixed use and other
 
2

 
455

 
2

 
455

 
1

 
1,245

 
1

 
1,245

 
2

 
150

 
1

 
16

Residential real estate and other
 
59

 
9,762

 
9

 
1,957

 
12

 
3,049

 
3

 
2,052

 
7

 
1,082

 
—

 
—

Total loans
 
71

 
$
29,243

 
15

 
$
7,708

 
21

 
$
24,325

 
8

 
$
6,978

 
21

 
$
12,897

 
8

 
$
7,841

(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.