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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]  
Financing Receivables by Evaluation Method
The balances of loans as of March 31, 2020 by portfolio classification and evaluation method are summarized as follows: 
(Dollars in thousands)
 
Loans individually
evaluated for
impairment
 
Loans collectively
evaluated for
impairment
 
Gross Loans
Commercial real estate
 
$
14,166

 
$
1,427,984

 
$
1,442,150

Commercial and industrial
 
6,901

 
530,889

 
537,790

Commercial construction
 
5,304

 
340,379

 
345,683

Residential mortgages
 
1,206

 
252,982

 
254,188

Home equity
 
394

 
96,829

 
97,223

Consumer
 
38

 
10,156

 
10,194

Total gross loans
 
$
28,009

 
$
2,659,219

 
$
2,687,228


The balances of loans as of December 31, 2019 by portfolio classification and evaluation method are summarized as follows:
(Dollars in thousands)
 
Loans individually
evaluated for
impairment
 
Loans collectively
evaluated for
impairment
 
Gross Loans
Commercial real estate
 
$
17,515

 
$
1,376,664

 
$
1,394,179

Commercial and industrial
 
9,332

 
491,895

 
501,227

Commercial construction
 
3,347

 
314,130

 
317,477

Residential mortgages
 
1,229

 
246,144

 
247,373

Home equity
 
411

 
97,841

 
98,252

Consumer
 
44

 
10,010

 
10,054

Total gross loans
 
$
31,878

 
$
2,536,684

 
$
2,568,562
Financing Receivable Credit Quality Indicators
The following tables present the Company's credit risk profile for each portfolio classification by internally assigned adverse risk rating category as of the periods indicated:
 
 
March 31, 2020
 
 
Adversely Classified
 
Not Adversely
 
 
(Dollars in thousands)
 
Substandard
 
Doubtful
 
Loss
 
Classified
 
Gross Loans
Commercial real estate
 
$
13,273

 
$
—

 
$
—

 
$
1,428,877

 
$
1,442,150

Commercial and industrial
 
8,550

 
2,352

 
—

 
526,888

 
537,790

Commercial construction
 
5,809

 
—

 
—

 
339,874

 
345,683

Residential mortgages
 
1,799

 
—

 
—

 
252,389

 
254,188

Home equity
 
565

 
—

 
—

 
96,658

 
97,223

Consumer
 
65

 
1

 
—

 
10,128

 
10,194

Total gross loans
 
$
30,061

 
$
2,353

 
$
—

 
$
2,654,814

 
$
2,687,228


 
 
December 31, 2019
 
 
Adversely Classified
 
Not Adversely
 
 
(Dollars in thousands)
 
Substandard
 
Doubtful
 
Loss
 
Classified
 
Gross Loans
Commercial real estate
 
$
16,664

 
$
—

 
$
—

 
$
1,377,515

 
$
1,394,179

Commercial and industrial
 
10,900

 
2,370

 
—

 
487,957

 
501,227

Commercial construction
 
4,836

 
—

 
—

 
312,641

 
317,477

Residential mortgages
 
1,825

 
—

 
—

 
245,548

 
247,373

Home equity
 
455

 
—

 
—

 
97,797

 
98,252

Consumer
 
69

 
3

 
—

 
9,982

 
10,054

Total gross loans
 
$
34,749

 
$
2,373

 
$
—

 
$
2,531,440

 
$
2,568,562
Past Due Financing Receivables
The following tables present an age analysis of past due loans by portfolio classification as of the dates indicated:
 
 
Balance at March 31, 2020
(Dollars in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Past Due 90 days or more
 
Total Past
Due Loans
 
Current Loans
 
Gross
Loans
 
Non-accrual Loans
Commercial real estate
 
$
8,687

 
$
265

 
$
3,886

 
$
12,838

 
$
1,429,312

 
$
1,442,150

 
$
8,605

Commercial and industrial
 
1,042

 
722

 
579

 
2,343

 
535,447

 
537,790

 
2,942

Commercial construction
 
2,591

 
720

 
2,831

 
6,142

 
339,541

 
345,683

 
2,831

Residential mortgages
 
1,346

 
—

 
301

 
1,647

 
252,541

 
254,188

 
394

Home equity
 
270

 
—

 
167

 
437

 
96,786

 
97,223

 
1,014

Consumer
 
34

 
7

 
—

 
41

 
10,153

 
10,194

 
15

Total gross loans
 
$
13,970

 
$
1,714

 
$
7,764

 
$
23,448

 
$
2,663,780

 
$
2,687,228

 
$
15,801

 
 
Balance at December 31, 2019
(Dollars in thousands)
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Past Due 90 days or more
 
Total Past
Due Loans
 
Current Loans
 
Gross Loans
 
Non-accrual Loans
Commercial real estate
 
$
1,469

 
$
3,914

 
$
4,158

 
$
9,541

 
$
1,384,638

 
$
1,394,179

 
$
8,280

Commercial and industrial
 
576

 
1,034

 
265

 
1,875

 
499,352

 
501,227

 
3,285

Commercial construction
 
576

 
3,325

 
1,735

 
5,636

 
311,841

 
317,477

 
1,735

Residential mortgages
 
700

 
283

 
623

 
1,606

 
245,767

 
247,373

 
411

Home equity
 
645

 
—

 
169

 
814

 
97,438

 
98,252

 
1,040

Consumer
 
12

 
—

 
6

 
18

 
10,036

 
10,054

 
20

Total gross loans
 
$
3,978

 
$
8,556

 
$
6,956

 
$
19,490

 
$
2,549,072

 
$
2,568,562

 
$
14,771
Impaired Financing Receivables
The following tables set forth the recorded investment in impaired loans and the related specific allowance allocated by portfolio classification as of the dates indicated:
 
 
Balance at March 31, 2020
(Dollars in thousands)
 
Unpaid
contractual
principal
balance
 
Total recorded
investment in
impaired loans
 
Recorded
investment
with no
allowance
 
Recorded
investment
with
allowance
 
Related specific
allowance
Commercial real estate
 
$
15,257

 
$
14,166

 
$
13,783

 
$
383

 
$
29

Commercial and industrial
 
9,015

 
6,901

 
5,264

 
1,637

 
908

Commercial construction
 
5,330

 
5,304

 
2,796

 
2,508

 
1,473

Residential mortgages
 
1,317

 
1,206

 
1,206

 
—

 
—

Home equity
 
575

 
394

 
394

 
—

 
—

Consumer
 
39

 
38

 
—

 
38

 
38

Total
 
$
31,533

 
$
28,009

 
$
23,443

 
$
4,566

 
$
2,448

 
 
Balance at December 31, 2019
(Dollars in thousands)
 
Unpaid
contractual
principal 
balance
 
Total recorded
investment in
impaired loans
 
Recorded
investment
with no
allowance
 
Recorded
investment
with
allowance
 
Related specific
allowance
Commercial real estate
 
$
18,537

 
$
17,515

 
$
17,129

 
$
386

 
$
31

Commercial and industrial
 
11,455

 
9,332

 
7,405

 
1,927

 
974

Commercial construction
 
3,359

 
3,347

 
3,347

 
—

 
—

Residential mortgages
 
1,331

 
1,229

 
1,229

 
—

 
—

Home equity
 
607

 
411

 
411

 
—

 
—

Consumer
 
44

 
44

 
—

 
44

 
44

Total
 
$
35,333

 
$
31,878

 
$
29,521

 
$
2,357

 
$
1,049


The following table presents the average recorded investment in impaired loans by portfolio classification and the related interest recognized during the three months indicated:
 
 
Three months ended March 31, 2020
 
Three months ended March 31, 2019
(Dollars in thousands)
 
Average recorded
investment
 
Interest income
recognized
 
Average recorded
investment
 
Interest income
recognized
Commercial real estate
 
$
15,273

 
$
72

 
$
15,803

 
$
120

Commercial and industrial
 
7,808

 
28

 
11,919

 
115

Commercial construction
 
4,755

 
—

 
1,734

 
25

Residential mortgages
 
1,220

 
2

 
890

 
1

Home equity
 
402

 
—

 
507

 
—

Consumer
 
41

 
—

 
19

 
—

Total
 
$
29,499

 
$
102

 
$
30,872

 
$
261

 
 
 
 
 
 
 
 
 
Troubled Debt Restructurings on Financing Receivables
The following table sets forth the post modification balances of TDRs listed by type of modification for TDRs that occurred during the periods indicated:
 
 
Three months ended
 
 
March 31, 2020
 
March 31, 2019
(Dollars in thousands)
 
Number of
restructurings
 
Amount
 
Number of
restructurings
 
Amount
Extended maturity date
 
2

 
$
1,697

 
—

 
$
—

Temporary payment reduction and payment re-amortization of remaining principal over extended term
 
2

 
978

 
6

 
607

Forbearance of post default rights
 
2

 
1,022

 
—

 
—

Other payment concessions
 
—

 
—

 
1

 
314

  Total
 
6

 
$
3,697

 
7

 
$
921

Amount of specific reserves included in the allowance for loan losses associated with TDRs listed above
 
 
 
$
1,275

 
 
 
$
91

Loans modified as TDRs during the three months ended March 31, 2020 and March 31, 2019 are detailed below:
 
 
Three months ended
 
 
March 31, 2020
 
March 31, 2019
(Dollars in thousands)
 
Number of
restructurings
 
Pre-modification
outstanding recorded
investment
 
Post-modification
outstanding recorded
investment
 
Number of
restructurings
 
Pre-modification
outstanding recorded
investment
 
Post-modification
outstanding recorded
investment
Commercial real estate
 
—

 
$
—

 
$
—

 
1

 
$
421

 
$
415

Commercial and industrial
 
1

 
474

 
409

 
5

 
194

 
192

Commercial construction
 
4

 
3,440

 
3,287

 
—

 
—

 
—

Residential mortgages
 
—

 
—

 
—

 
1

 
315

 
314

Home equity
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
1

 
1

 
1

 
—

 
—

 
—

Total
 
6

 
$
3,915

 
$
3,697

 
7

 
$
930

 
$
921


Payment defaults, during the three months ended March 31, 2020 and March 31, 2019 on loans modified as TDRs within the preceding twelve months are detailed below:
 
 
Three months ended
 
 
March 31, 2020
 
March 31, 2019
(Dollars in thousands)
 
Number of TDRs that defaulted
 
Post-
modification outstanding
recorded investment
 
Number of TDRs that defaulted
 
Post-
modification outstanding
recorded investment
Commercial real estate
 
1

 
$
218

 
—

 
$
—

Commercial and industrial
 
1

 
151

 
2

 
174

Commercial construction
 
2

 
1,697

 
—

 
—

Residential mortgages
 
—

 
—

 
—

 
—

Home equity
 
—

 
—

 
—

 
—

Consumer
 
2

 
4

 
—

 
—

Total
 
6

 
$
2,070

 
2

 
$
174
Allowance for Credit Losses on Financing Receivables
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in the allowance for loan losses by portfolio classification for the three months ended March 31, 2020 are presented below: 
(Dollars in thousands)
 
Cmml Real
Estate
 
Cmml and
Industrial
 
Cmml
Constr
 
Resid.
Mortgage
 
Home
Equity
 
Consumer
 
Total
Beginning Balance at December 31, 2019
 
$
18,338

 
$
9,129

 
$
4,149

 
$
1,195

 
$
536

 
$
267

 
$
33,614

Provision
 
2,523

 
1,104

 
2,012

 
403

 
97

 
8

 
6,147

Recoveries
 
—

 
107

 
—

 
—

 
3

 
10

 
120

Less: Charge offs
 
—

 
105

 
—

 
—

 
—

 
12

 
117

Ending Balance at March 31, 2020
 
$
20,861

 
$
10,235

 
$
6,161

 
$
1,598

 
$
636

 
$
273

 
$
39,764

Ending allowance balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allocated to loans individually evaluated for impairment
 
$
29

 
$
908

 
$
1,473

 
$
—

 
$
—

 
$
38

 
$
2,448

Allocated to loans collectively evaluated for impairment
 
$
20,832

 
$
9,327

 
$
4,688

 
$
1,598

 
$
636

 
$
235

 
$
37,316

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in the allowance for loan losses by portfolio classification for the three months ended March 31, 2019 are presented below: 
(Dollars in thousands)
 
Cmml Real
Estate
 
Cmml and
Industrial
 
Cmml
Constr
 
Resid.
Mortgage
 
Home
Equity
 
Consumer
 
Total
Beginning Balance at December 31, 2018
 
$
18,014

 
$
10,493

 
$
3,307

 
$
1,160

 
$
629

 
$
246

 
$
33,849

Provision
 
(188
)
 
(406
)
 
145

 
24

 
(4
)
 
29

 
(400
)
Recoveries
 
—

 
316

 
—

 
—

 
2

 
5

 
323

Less: Charge offs
 
—

 
—

 
—

 
—

 
—

 
43

 
43

Ending Balance at March 31, 2019
 
$
17,826

 
$
10,403

 
$
3,452

 
$
1,184

 
$
627

 
$
237

 
$
33,729

Ending allowance balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allocated to loans individually evaluated for impairment
 
$
6

 
$
2,112

 
$
—

 
$
12

 
$
—

 
$
14

 
$
2,144

Allocated to loans collectively evaluated for impairment
 
$
17,820

 
$
8,291

 
$
3,452

 
$
1,172

 
$
627

 
$
223

 
$
31,585