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Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019 and 2018:
 
As of December 31, 2019
(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
 
$
33,983

 
$
—

 
$
1,647

 
$
48,840

 
$
5,075,335

 
$
5,159,805

Franchise
 
2,391

 
—

 
—

 
216

 
934,875

 
937,482

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
4,189

 
288,592

 
292,781

Asset-based lending
 
128

 
—

 
956

 
5,769

 
982,165

 
989,018

Leases
 
722

 
—

 
249

 
10,996

 
866,561

 
878,528

PCI - commercial (1)
 
—

 
1,855

 
423

 
7,314

 
18,714

 
28,306

Total commercial
 
$
37,224

 
$
1,855

 
$
3,275

 
$
77,324

 
$
8,166,242

 
$
8,285,920

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
1,030

 
—

 
1,499

 
16,656

 
1,004,115

 
1,023,300

Land
 
1,082

 
—

 
—

 
11,393

 
165,008

 
177,483

Office
 
8,034

 
—

 
3,692

 
6,127

 
1,026,916

 
1,044,769

Industrial
 
99

 
—

 
1,660

 
10,203

 
1,020,904

 
1,032,866

Retail
 
6,789

 
—

 
6,168

 
3,546

 
1,081,427

 
1,097,930

Multi-family
 
913

 
—

 
731

 
3,088

 
1,306,810

 
1,311,542

Mixed use and other
 
8,166

 
—

 
9,823

 
15,429

 
2,061,528

 
2,094,946

PCI - commercial real estate (1)
 
—

 
14,946

 
7,973

 
31,125

 
183,396

 
237,440

Total commercial real estate
 
$
26,113

 
$
14,946

 
$
31,546

 
$
97,567

 
$
7,850,104

 
$
8,020,276

Home equity
 
7,363

 
—

 
454

 
3,533

 
501,716

 
513,066

Residential real estate, including PCI
 
13,797

 
5,771

 
3,089

 
18,041

 
1,313,523

 
1,354,221

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 


Commercial insurance loans
 
20,590

 
11,517

 
12,119

 
18,783

 
3,379,018

 
3,442,027

Life insurance loans
 
590

 
—

 
—

 
32,559

 
4,902,171

 
4,935,320

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
139,282

 
139,282

Consumer and other, including PCI
 
231

 
287

 
40

 
344

 
109,276

 
110,178

Total loans, net of unearned income
 
$
105,908

 
$
34,376

 
$
50,523

 
$
248,151

 
$
26,361,332

 
$
26,800,290

(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, 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.
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, 2019 and 2018:
 
 
 
Performing
 
Non-performing
 
Total
 
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
(Dollars in thousands)
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
5,125,822

 
$
5,085,798

 
$
33,983

 
$
34,298

 
$
5,159,805

 
$
5,120,096

Franchise
 
935,091

 
932,928

 
2,391

 
16,051

 
937,482

 
948,979

Mortgage warehouse lines of credit
 
292,781

 
144,199

 
—

 
—

 
292,781

 
144,199

Asset-based lending
 
988,890

 
1,025,421

 
128

 
635

 
989,018

 
1,026,056

Leases
 
877,806

 
565,680

 
722

 
—

 
878,528

 
565,680

PCI - commercial (1)
 
28,306

 
23,528

 
—

 
—

 
28,306

 
23,528

Total commercial
 
$
8,248,696

 
$
7,777,554

 
$
37,224

 
$
50,984

 
$
8,285,920

 
$
7,828,538

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
1,022,270

 
759,270

 
1,030

 
1,554

 
1,023,300

 
760,824

Land
 
176,401

 
141,374

 
1,082

 
107

 
177,483

 
141,481

Office
 
1,036,735

 
935,693

 
8,034

 
3,629

 
1,044,769

 
939,322

Industrial
 
1,032,767

 
901,963

 
99

 
285

 
1,032,866

 
902,248

Retail
 
1,091,141

 
881,725

 
6,789

 
10,753

 
1,097,930

 
892,478

Multi-family
 
1,310,629

 
976,249

 
913

 
311

 
1,311,542

 
976,560

Mixed use and other
 
2,086,780

 
2,202,705

 
8,166

 
2,490

 
2,094,946

 
2,205,195

PCI - commercial real estate (1)
 
237,440

 
115,144

 
—

 
—

 
237,440

 
115,144

Total commercial real estate
 
$
7,994,163

 
$
6,914,123

 
$
26,113

 
$
19,129

 
$
8,020,276

 
$
6,933,252

Home equity
 
505,703

 
545,196

 
7,363

 
7,147

 
513,066

 
552,343

Residential real estate, including PCI
 
1,340,424

 
986,081

 
13,797

 
16,383

 
1,354,221

 
1,002,464

Premium finance receivables
 


 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
3,409,920

 
2,822,525

 
32,107

 
19,134

 
3,442,027

 
2,841,659

Life insurance loans
 
4,934,730

 
4,373,891

 
590

 
—

 
4,935,320

 
4,373,891

PCI - life insurance loans (1)
 
139,282

 
167,903

 
—

 
—

 
139,282

 
167,903

Consumer and other, including PCI
 
109,784

 
120,184

 
394

 
457

 
110,178

 
120,641

Total loans, net of unearned income
 
$
26,682,702

 
$
23,707,457

 
$
117,588

 
$
113,234

 
$
26,800,290

 
$
23,820,691

(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 for the years ended December 31, 2019 and 2018 is as follows:
 
Year Ended 
December 31, 2019
(Dollars in thousands)
 
Commercial
 
Commercial
Real Estate
 
Home
Equity
 
Residential
Real Estate
 
Premium
Finance
Receivable
 
Consumer
and Other
 
Total
Loans
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at beginning of period
 
$
67,826

 
$
60,267

 
$
8,507

 
$
7,194

 
$
7,715

 
$
1,261

 
$
152,770

Other adjustments
 
—

 
(35
)
 
(20
)
 
(15
)
 
49

 
—

 
(21
)
Reclassification to/from allowance for unfunded lending-related commitments
 
—

 
(238
)
 
—

 
—

 
—

 
—

 
(238
)
Charge-offs
 
(35,880
)
 
(5,402
)
 
(3,702
)
 
(798
)
 
(12,902
)
 
(522
)
 
(59,206
)
Recoveries
 
2,845

 
2,516

 
479

 
422

 
3,203

 
194

 
9,659

Provision for credit losses
 
30,129

 
9,770

 
(1,386
)
 
2,997

 
11,582

 
772

 
53,864

Allowance for loan losses at period end
 
$
64,920

 
$
66,878

 
$
3,878

 
$
9,800

 
$
9,647

 
$
1,705

 
156,828

Allowance for unfunded lending-related commitments at period end
 
—

 
1,633

 
—

 
—

 
—

 
—

 
1,633

Allowance for credit losses at period end
 
$
64,920

 
$
68,511

 
$
3,878

 
$
9,800

 
$
9,647

 
$
1,705

 
$
158,461

By measurement method:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
5,719

 
5,638

 
450

 
387

 
—

 
142

 
12,336

Collectively evaluated for impairment
 
59,171

 
62,759

 
3,428

 
9,386

 
9,647

 
1,563

 
145,954

Loans acquired with deteriorated credit quality
 
30

 
114

 
—

 
27

 
—

 
—

 
171

Loans at period end:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
42,130

 
$
35,867

 
$
19,108

 
$
22,528

 
$
—

 
$
412

 
$
120,045

Collectively evaluated for impairment
 
8,215,484

 
7,746,969

 
493,958

 
1,313,565

 
8,377,347

 
107,550

 
26,254,873

Loans acquired with deteriorated credit quality
 
28,306

 
237,440

 
—

 
18,128

 
139,282

 
2,216

 
425,372

Loans held at fair value
 
—

 
—

 
—

 
132,718

 
—

 
—

 
132,718

Year Ended 
December 31, 2018
(Dollars in thousands)
 
Commercial
 
Commercial
Real Estate
 
Home
Equity
 
Residential
Real Estate
 
Premium
Finance
Receivable
 
Consumer
and Other
 
Total
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
Impaired Loans Including Restructured Loans Table
A summary of impaired loans, including TDRs, at December 31, 2019 and 2018 is as follows:
 
(Dollars in thousands)
 
2019
 
2018
Impaired loans (included in non-performing and restructured loans):
 
 
 
 
Impaired loans with an allowance for loan loss required (1)
 
$
62,886

 
$
60,219

Impaired loans with no allowance for loan loss required
 
57,159

 
67,050

Total impaired loans (2)
 
$
120,045

 
$
127,269

Allowance for loan losses related to impaired loans
 
$
12,336

 
$
11,437

TDRs
 
63,836

 
66,102

Reduction of interest income from non-accrual loans
 
5,202

 
3,422

Interest income recognized on impaired loans
 
9,383

 
7,347

(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, 2019 and 2018:
 
 
As of
 
For the Year Ended
December 31, 2019
(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
 
$
23,821

 
$
29,713

 
$
5,593

 
$
30,125

 
$
2,450

Franchise
 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
130

 
130

 
1

 
130

 
8

Leases
 
2,038

 
2,038

 
125

 
2,196

 
106

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
—

 
—

 
—

 
—

 
—

Land
 
88

 
88

 
7

 
93

 
7

Office
 
7,475

 
7,759

 
3,305

 
7,542

 
356

Industrial
 
—

 
—

 
—

 
—

 
—

Retail
 
4,993

 
4,993

 
26

 
5,058

 
229

Multi-family
 
1,158

 
1,158

 
22

 
1,174

 
52

Mixed use and other
 
7,538

 
7,592

 
2,278

 
7,603

 
357

Home equity
 
8,650

 
9,157

 
450

 
8,746

 
337

Residential real estate
 
6,816

 
6,936

 
387

 
6,889

 
224

Consumer and other
 
179

 
198

 
142

 
186

 
13

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial, industrial and other
 
$
12,756

 
$
17,124

 
$
—

 
$
21,850

 
$
1,469

Franchise
 
2,391

 
8,845

 
—

 
9,621

 
855

Asset-based lending
 
128

 
1,385

 
—

 
4,876

 
273

Leases
 
866

 
903

 
—

 
980

 
58

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Construction
 
1,030

 
1,554

 
—

 
1,117

 
84

Land
 
994

 
1,303

 
—

 
1,137

 
70

Office
 
559

 
645

 
—

 
1,072

 
59

Industrial
 
99

 
209

 
—

 
116

 
12

Retail
 
6,789

 
10,010

 
—

 
7,340

 
535

Multi-family
 
913

 
1,024

 
—

 
1,166

 
56

Mixed use and other
 
4,231

 
4,500

 
—

 
4,355

 
260

Home equity
 
10,458

 
13,265

 
—

 
11,955

 
666

Residential real estate
 
15,712

 
18,227

 
—

 
16,176

 
827

Consumer and other
 
233

 
388

 
—

 
258

 
20

Total loans, net of unearned income
 
$
120,045

 
$
149,144

 
$
12,336

 
$
151,761

 
$
9,383

 
 
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
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, 2019, 2018, and 2017, which represent TDRs:
Year ended 
December 31, 2019
 
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
 
23

 
$
26,265

 
11

 
$
6,917

 
2

 
$
605

 
13

 
$
20,872

 
—

 
$
—

Franchise
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
1

 
76

 
1

 
76

 
—

 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
2

 
5,382

 
2

 
5,382

 
—

 
—

 
1

 
5,070

 
—

 
—

Industrial
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
5

 
1,636

 
3

 
1,083

 
—

 
—

 
2

 
423

 
—

 
—

Residential real estate and other
 
145

 
20,206

 
117

 
17,258

 
28

 
5,415

 
1

 
311

 
—

 
—

Total loans
 
176

 
$
53,565

 
134

 
$
30,716

 
30

 
$
6,020

 
17

 
$
26,676

 
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
(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, 2019, 2018, and 2017, and such loans which were in payment default under the restructured terms during the respective periods: 
 
 
Year Ended December 31, 2019
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
 
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
 
23

 
$
26,265

 
11

 
$
22,499

 
4

 
$
13,441

 
2

 
$
174

 
5

 
$
3,775

 
4

 
$
3,681

Franchise
 
—

 
—

 
—

 
—

 
3

 
5,157

 
2

 
5,122

 
3

 
16,256

 
—

 
—

Asset-based lending
 
1

 
76

 
1

 
76

 
1

 
130

 
—

 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
1

 
239

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real-estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office
 
2

 
5,382

 
1

 
312

 
1

 
59

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
5

 
1,636

 
2

 
553

 
2

 
455

 
2

 
455

 
1

 
1,245

 
1

 
1,245

Residential real estate and other
 
145

 
20,206

 
12

 
5,126

 
59

 
9,762

 
9

 
1,957

 
12

 
3,049

 
3

 
2,052

Total loans
 
176

 
$
53,565

 
27

 
$
28,566

 
71

 
$
29,243

 
15

 
$
7,708

 
21

 
24,325

 
8

 
6,978

(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.