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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2020
Credit Loss [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The impact of the January 1, 2020, adoption entry is summarized in the table below:
(in thousands)December 31, 2019 Pre-ASC 326 AdoptionImpact of AdoptionJanuary 1, 2020 Post-ASC 326 Adoption
Assets:
Loans9,502,428 — 9,502,428 
PCD gross up— 15,326 15,326 
Fair value option— (15,291)(15,291)
Total loans9,502,428 35 9,502,463 
Allowance for credit losses on loans63,575 25,434 89,009 
Allowance for credit losses on securities— 309 309 
Deferred tax assets, net51,165 8,993 60,158 
Liabilities and shareholders' equity:
Other liabilities (ACL unfunded loan commitments)100 7,993 8,093 
Retained earnings361,082 (24,380)336,702 
The composition of loans by portfolio segment as of December 31, 2019 and January 1, 2020 follows:
(In thousands)December 31, 2019 Statement BalanceImpact of ASC 326 AdoptionJanuary 1, 2020 Post-ASC 326 Adoption
Loans:
Construction$448,452 $187 $448,639 
Commercial multifamily631,740 252 631,992 
Commercial real estate owner occupied673,308 3,185 676,493 
Commercial real estate non-owner occupied2,189,780 6,540 2,196,320 
Commercial and industrial1,522,059 (13,372)1,508,687 
Commercial and industrial - other321,624 1,160 322,784 
Residential real estate2,853,385 1,868 2,855,253 
Home equity378,793 10 378,803 
Consumer other483,287 205 483,492 
Total$9,502,428 $35 $9,502,463 
Allowance:
Construction$2,713 $(342)$2,371 
Commercial multifamily4,413 (1,842)2,571 
Commercial real estate owner occupied4,880 6,062 10,942 
Commercial real estate non-owner occupied16,344 11,201 27,545 
Commercial and industrial17,243 (2,696)14,547 
Commercial and industrial - other2,856 507 3,363 
Residential real estate9,970 6,799 16,769 
Home equity1,470 4,884 6,354 
Consumer other3,686 861 4,547 
Total$63,575 $25,434 $89,009 
Schedule of Loans
The following is a summary of total loans by regulatory call report code with sub-segmentation based on underlying collateral for certain loan types:
(In thousands)September 30, 2020December 31, 2019
Construction$490,111 $448,452 
Commercial multifamily535,936 631,740 
Commercial real estate owner occupied595,791 673,308 
Commercial real estate non-owner occupied2,258,935 2,189,780 
Commercial and industrial1,819,175 1,522,059 
Commercial and industrial - other311,505 321,624 
Residential real estate2,270,458 2,853,385 
Home equity349,274 378,793 
Consumer other351,151 483,287 
Total loans$8,982,336 $9,502,428 
Allowance for credit losses134,414 63,575 
Net loans$8,847,922 $9,438,853 
The following is a summary of total loans as of December 31, 2019:
 December 31, 2019
(In thousands)Business
Activities Loans		Acquired
Loans		Total
Commercial real estate:   
Construction$382,014 $47,792 $429,806 
Other commercial real estate2,414,942 1,189,521 3,604,463 
Total commercial real estate2,796,956 1,237,313 4,034,269 
Commercial and industrial loans:1,442,617 397,891 1,840,508 
Total commercial loans4,239,573 1,635,204 5,874,777 
Residential mortgages:   
1-4 family2,143,817 533,536 2,677,353 
Construction4,641 3,478 8,119 
Total residential mortgages2,148,458 537,014 2,685,472 
Consumer loans:   
Home equity273,867 106,724 380,591 
Auto and other504,599 56,989 561,588 
Total consumer loans778,466 163,713 942,179 
Total loans$7,166,497 $2,335,931 $9,502,428 
Schedule of Allowance for Credit Losses for Loans, Activity
The Company’s activity in the allowance for credit losses for loans for the three and nine months ended September 30, 2020 was as follows:
(In thousands)Balance at Beginning of PeriodImpact of Adopting ASC 326Sub-totalCharge-offsRecoveriesProvision for Credit LossesBalance at End of Period
Three months ended September 30, 2020
Construction$7,779 $— $7,779 $— $— $(1,122)$6,657 
Commercial multifamily4,299 — 4,299 — — (518)3,781 
Commercial real estate owner occupied11,552 — 11,552 (58)38 (537)10,995 
Commercial real estate non-owner occupied34,707 — 34,707 — 155 (2,088)32,774 
Commercial and industrial17,779 — 17,779 (2,358)161 1,346 16,928 
Commercial and industrial - other5,317 — 5,317 (3,610)245 1,968 3,920 
Residential real estate39,004 — 39,004 (1,085)842 1,130 39,891 
Home equity8,021 — 8,021 (88)36 1,352 9,321 
Consumer other10,936 — 10,936 (577)102 (314)10,147 
Total allowance for credit losses$139,394 $— $139,394 $(7,776)$1,579 $1,217 $134,414 

(In thousands)Balance at Beginning of PeriodImpact of Adopting ASC 326Sub-totalCharge-offsRecoveriesProvision for Credit LossesBalance at End of Period
Nine months ended September 30, 2020
Construction$2,713 $(342)$2,371 $— $— $4,286 $6,657 
Commercial multifamily4,413 (1,842)2,571 (50)— 1,260 3,781 
Commercial real estate owner occupied4,880 6,062 10,942 (8,670)907 7,816 10,995 
Commercial real estate non-owner occupied16,344 11,201 27,545 (135)290 5,074 32,774 
Commercial and industrial17,243 (2,696)14,547 (7,480)3,709 6,152 16,928 
Commercial and industrial - other2,856 507 3,363 (6,773)316 7,014 3,920 
Residential real estate9,970 6,799 16,769 (2,212)936 24,398 39,891 
Home equity1,470 4,884 6,354 (322)136 3,153 9,321 
Consumer other3,686 861 4,547 (1,840)502 6,938 10,147 
Total allowance for credit losses$63,575 $25,434 $89,009 $(27,482)$6,796 $66,091 $134,414 
Schedule of Allowance for Credit Losses on Unfunded Loan Commitments, Activity The Company’s activity in the allowance for credit losses on unfunded commitments for the three and nine months ended September 30, 2020 was as follows:
(In thousands)Total
Balance at June 30, 2020$8,593 
Expense for credit losses— 
Balance at September 30, 2020$8,593 
(In thousands)Total
Balance at December 31, 2019$100 
Impact of adopting ASC 3267,993 
Sub-Total8,093 
Expense for credit losses500 
Balance at September 30, 2020$8,593 
Schedule of Loans by Risk Rating
The following table presents the Company’s loans by risk category:
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
As of September 30, 2020
Construction
Risk rating
Pass$35,430 $241,497 $155,695 $29,807 $17,600 $3,115 $933 $— $484,077 
Special Mention— — — — — — — — — 
Substandard— — 2,034 4,000 — — — — 6,034 
Total$35,430 $241,497 $157,729 $33,807 $17,600 $3,115 $933 $— $490,111 
Commercial multifamily:
Risk rating
Pass$28,876 $56,630 $79,397 $72,790 $89,041 $185,276 $29 $— $512,039 
Special Mention— — — 13,595 — — — — 13,595 
Substandard— — — — 47 10,108 147 — 10,302 
Total$28,876 $56,630 $79,397 $86,385 $89,088 $195,384 $176 $— $535,936 
Commercial real estate owner occupied:
Risk rating
Pass$44,304 $90,869 $112,768 $71,574 $38,231 $205,814 $3,461 $— $567,021 
Special Mention— 2,123 1,815 — — 2,001 — — 5,939 
Substandard— — 5,638 1,622 1,704 13,867 — — 22,831 
Total$44,304 $92,992 $120,221 $73,196 $39,935 $221,682 $3,461 $— $595,791 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Commercial real estate non-owner occupied:
Risk rating
Pass$133,231 $291,079 $469,033 $250,093 $314,902 $583,861 $16,967 $— $2,059,166 
Special Mention— 295 3,094 17,254 12,901 68,838 495 — 102,877 
Substandard7,804 6,844 3,817 11,368 2,950 63,914 195 — 96,892 
Total$141,035 $298,218 $475,944 $278,715 $330,753 $716,613 $17,657 $— $2,258,935 
Commercial and industrial:
Risk rating
Pass$755,987 $96,675 $189,565 $121,633 $47,911 $150,299 $401,356 $— $1,763,426 
Special Mention— 1,507 5,950 693 604 — 20,614 — 29,368 
Substandard1,354 275 6,354 1,661 1,965 5,848 8,522 — 25,979 
Doubtful— — — — — — 402 — 402 
Total$757,341 $98,457 $201,869 $123,987 $50,480 $156,147 $430,894 $— $1,819,175 
Commercial and industrial - other:
Risk rating
Pass$34,814 $78,318 $78,149 $33,573 $7,717 $14,585 $4,614 $— $251,770 
Special Mention933 1,100 1,944 741 497 64 — — 5,279 
Substandard2,543 29,372 12,006 4,542 3,286 307 2,400 — 54,456 
Doubtful— — — — — — — — — 
Total$38,290 $108,790 $92,099 $38,856 $11,500 $14,956 $7,014 $— $311,505 
Residential real estate
Risk rating
Pass$133,186 $163,232 $373,222 $399,237 $391,953 $794,072 $3,260 $— $2,258,162 
Special Mention39 — — — — 468 38 — 545 
Substandard— 97 539 1,162 429 9,515 9 — 11,751 
Total$133,225 $163,329 $373,761 $400,399 $392,382 $804,055 $3,307 $— $2,270,458 
For home equity and consumer other loan portfolio segments, Berkshire evaluates credit quality based on the aging status of the loan and by payment activity. The performing or nonperforming status is updated on an ongoing basis dependent upon improvement and deterioration in credit quality. The following table presents the amortized cost based on payment activity:
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
As of September 30, 2020
Home equity:
Payment performance
Performing$2,191 $1,995 $432 $1,990 $515 $1,954 $336,569 $— $345,646 
Nonperforming— — 2 — — — 3,626 — 3,628 
Total$2,191 $1,995 $434 $1,990 $515 $1,954 $340,195 $— $349,274 
Consumer other:
Payment performance
Performing$11,381 $39,877 $121,304 $80,701 $43,513 $37,256 $11,464 $— $345,496 
Nonperforming34 404 1,563 1,480 1,698 447 29 — 5,655 
Total$11,415 $40,281 $122,867 $82,181 $45,211 $37,703 $11,493 $— $351,151 
Business Activities Loans

Commercial Real Estate
Credit Risk Profile by Creditworthiness Category
December 31, 2019
(In thousands)ConstructionReal EstateTotal Commercial Real Estate
Grade:   
Pass$382,014 $2,354,375 $2,736,389 
Special mention— 12,167 12,167 
Substandard— 48,400 48,400 
Total$382,014 $2,414,942 $2,796,956 
Commercial and Industrial Loans
Credit Risk Profile by Creditworthiness Category
December 31, 2019
(In thousands)Total Commercial and Industrial Loans
Grade: 
Pass$1,366,342 
Special mention50,072 
Substandard24,112 
Doubtful2,091 
Total$1,442,617 
Residential Mortgages
Credit Risk Profile by Internally Assigned Grade
December 31, 2019
(In thousands)1-4 FamilyConstructionTotal Residential Mortgages
Grade:   
Pass$2,139,753 $4,641 $2,144,394 
Special mention714 — 714 
Substandard3,350 — 3,350 
Total$2,143,817 $4,641 $2,148,458 
Consumer Loans
Credit Risk Profile Based on Payment Activity
December 31, 2019
(In thousands)Home EquityAuto and OtherTotal Consumer Loans
Performing$272,772 $501,871 $774,643 
Nonperforming1,095 2,728 3,823 
Total
$273,867 $504,599 $778,466 
Acquired Loans

Commercial Real Estate
Credit Risk Profile by Creditworthiness Category
December 31, 2019
(In thousands)ConstructionReal EstateTotal Commercial Real Estate
Grade:   
Pass$46,396 $1,130,333 $1,176,729 
Special mention— 5,993 5,993 
Substandard1,396 53,195 54,591 
Total$47,792 $1,189,521 $1,237,313 
Commercial and Industrial Loans
Credit Risk Profile by Creditworthiness Category
December 31, 2019
(In thousands)Total Commercial and Industrial Loans
Grade: 
Pass$373,744 
Special mention4,404 
Substandard19,743 
Total
$397,891 

Residential Mortgages
Credit Risk Profile by Internally Assigned Grade
December 31, 2019
(In thousands)1-4 FamilyConstructionTotal Residential Mortgages
Grade:   
Pass$528,282 $3,478 $531,760 
Special mention592 — 592 
Substandard4,662 — 4,662 
Total$533,536 $3,478 $537,014 

Consumer Loans
Credit Risk Profile Based on Payment Activity
December 31, 2019
(In thousands)Home EquityAuto and OtherTotal Consumer Loans
Performing$106,007 $56,724 $162,731 
Nonperforming717 265 982 
Total
$106,724 $56,989 $163,713 
Summary of Past Due Loans
The following is a summary of loans by past due status at September 30, 2020:
(In thousands)30-59 Days Past Due60-89 Days Past Due90 Days or Greater Past DueTotal Past DueCurrentTotal Loans
September 30, 2020
Construction$50 $46 $2,034 $2,130 $487,981 $490,111 
Commercial multifamily278 3,584 1,047 4,909 531,027 535,936 
Commercial real estate owner occupied896 948 8,470 10,314 585,477 595,791 
Commercial real estate non-owner occupied1,377 2,826 10,412 14,615 2,244,320 2,258,935 
Commercial and industrial3,832 2,592 13,743 20,167 1,799,008 1,819,175 
Commercial and industrial - other766 232 3,969 4,967 306,538 311,505 
Residential real estate4,080 999 10,865 15,944 2,254,514 2,270,458 
Home equity598 181 4,022 4,801 344,473 349,274 
Consumer other3,437 904 5,704 10,045 341,106 351,151 
Total$15,314 $12,312 $60,266 $87,892 $8,894,444 $8,982,336 
The following is a summary of past due loans at December 31, 2019:
Business Activities Loans
(in thousands)30-59 Days
Past Due		60-89 Days
Past Due		>90 Days Past DueTotal Past
Due		CurrentTotal LoansPast Due >
90 days and
Accruing
December 31, 2019       
Commercial real estate:       
Construction$— $— $— $— $382,014 $382,014 $— 
Commercial real estate423 89 15,623 16,135 2,398,807 2,414,942 — 
Total423 89 15,623 16,135 2,780,821 2,796,956 — 
Commercial and industrial loans       
Total2,841 2,033 10,662 15,536 1,427,081 1,442,617 122 
Residential mortgages:       
1-4 family1,669 714 3,350 5,733 2,138,084 2,143,817 800 
Construction— — — — 4,641 4,641 — 
Total1,669 714 3,350 5,733 2,142,725 2,148,458 800 
Consumer loans:       
Home equity149 — 1,147 1,296 272,571 273,867 52 
Auto and other4,709 990 2,729 8,428 496,171 504,599 1 
Total4,858 990 3,876 9,724 768,742 778,466 53 
Total$9,791 $3,826 $33,511 $47,128 $7,119,369 $7,166,497 $975 
Acquired Loans
(in thousands)30-59 Days
Past Due		60-89 Days
Past Due		>90 Days Past DueTotal Past
Due		Acquired
Credit
Impaired		Total LoansPast Due >
90 days and
Accruing
December 31, 2019       
Commercial real estate:       
Construction$— $— $— $— $1,396 $47,792 $— 
Commercial real estate3,907 245 10,247 14,399 21,639 1,189,521 5,751 
Total3,907 245 10,247 14,399 23,035 1,237,313 5,751 
Commercial and industrial loans       
Total888 299 1,275 2,462 26,718 397,891 442 
Residential mortgages:       
1-4 family745 491 932 2,168 10,840 533,536 139 
Construction— — — — — 3,478 — 
Total745 491 932 2,168 10,840 537,014 139 
Consumer loans:       
Home equity346 222 789 1,357 540 106,724 72 
Auto and other120 22 265 407 286 56,989 — 
Total466 244 1,054 1,764 826 163,713 72 
Total$6,006 $1,279 $13,508 $20,793 $61,419 $2,335,931 $6,404 
Summary of Loans on Nonaccrual Status and Loans Past Due
The following is a summary of loans on nonaccrual status and loans past due 90 days or more and still accruing as of September 30, 2020:
January 1, 2020June 30, 2020September 30, 2020
(In thousands)Nonaccrual Amortized CostNonaccrual Amortized CostNonaccrual Amortized CostNonaccrual With No Related AllowancePast Due 90 Days or Greater and AccruingInterest Income Recognized on Nonaccrual
Construction$— $— $2,034 $2,034 $— $— 
Commercial multifamily811 753 884 598 163 — 
Commercial real estate owner occupied15,389 6,513 8,291 2,429 179 — 
Commercial real estate non-owner occupied1,031 2,372 3,074 2,170 7,338 — 
Commercial and industrial5,465 8,103 10,300 3,869 3,443 — 
Commercial and industrial - other5,753 6,173 3,969 2,959 — — 
Residential real estate6,411 13,997 9,555 5,876 1,310 — 
Home equity1,798 2,405 3,628 490 394 — 
Consumer other2,982 4,568 5,655 49 49 — 
Total$39,640 $44,884 $47,390 $20,474 $12,876 $— 
The following is summary information pertaining to non-accrual loans at December 31, 2019:
 December 31, 2019
(In thousands)Business Activities
Loans		Acquired  Loans Total
Commercial real estate:   
Construction$— $— $— 
Other commercial real estate15,623 4,496 20,119 
Total15,623 4,496 20,119 
Commercial and industrial loans:  
Total10,540 833 11,373 
Residential mortgages:   
1-4 family2,550 793 3,343 
Construction— — — 
Total2,550 793 3,343 
Consumer loans:   
Home equity1,095 717 1,812 
Auto and other2,728 265 2,993 
Total3,823 982 4,805 
Total non-accrual loans$32,536 $7,104 $39,640 
Schedule of Collateral Dependent Loans The following table presents the amortized cost basis of individually analyzed collateral-dependent loans by loan portfolio segment:
Type of Collateral
(In thousands)Real EstateInvestment Securities/CashOther
September 30, 2020
Construction$2,389 $— $— 
Commercial multifamily598 — — 
Commercial real estate owner occupied8,956 — — 
Commercial real estate non-owner occupied3,819 — — 
Commercial and industrial2,506 59 245 
Commercial and industrial - other— — 2,958 
Residential real estate5,290 — — 
Home equity272 — — 
Consumer other26 — — 
Total loans$23,856 $59 $3,203 
Schedule of Troubled Debt Restructurings, Activity
The following table presents activity in TDRs for the three and nine months ended September 30, 2020:
(In thousands)Balance at Beginning of PeriodPrincipal PaymentsTDR Status ChangeOther Additions/(Reductions)Newly Identified TDRsBalance at End of Period
Three months ended September 30, 2020
Construction$— $— $— $— $— $— 
Commercial multifamily779 (12)— — — 767 
Commercial real estate owner occupied2,919 (19)— — 18 2,918 
Commercial real estate non-owner occupied11,166 — — 1,241 194 12,601 
Commercial and industrial1,080 (12)— (2)— 1,066 
Commercial and industrial - other1,483 (115)— (56)399 1,711 
Residential real estate1,968 (57)— — — 1,911 
Home equity275 (3)— (72)— 200 
Consumer other43 (3)— — — 40 
Total$19,713 $(221)$— $1,111 $611 $21,214 
(In thousands)Balance at Beginning of PeriodPrincipal PaymentsTDR Status ChangeOther Additions/(Reductions)Newly Identified TDRsBalance at End of Period
Nine months ended September 30, 2020
Construction$— $— $— $— $— $— 
Commercial multifamily793 (26)— — — 767 
Commercial real estate owner occupied13,331 (5,721)— (4,710)18 2,918 
Commercial real estate non-owner occupied1,373 — — 1,241 9,987 12,601 
Commercial and industrial1,109 (41)— (2)— 1,066 
Commercial and industrial - other340 (157)— (58)1,586 1,711 
Residential real estate2,045 (134)— — — 1,911 
Home equity277 (5)— (72)— 200 
Consumer other48 (8)— — — 40 
Total$19,316 $(6,092)$— $(3,601)$11,591 $21,214 
The modifications for the three and nine months ended September 30, 2019 were attributable to interest rate concessions, maturity date extensions, modified payment terms, reamortization, and accelerated maturity.
Modifications by Class
For the three months ending September 30, 2019
 Number of
Modifications		Pre-Modification
Outstanding Recorded
Investment (In thousands)		Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings   
Commercial real estate— $— $— 
Commercial and industrial loans— — — 
Residential mortgages - 1-4 family2 65 65 
 2 $65 $65 
Modifications by Class
For the nine months ending September 30, 2019
 Number of
Modifications		Pre-Modification
Outstanding Recorded
Investment (In thousands)		Post-Modification
Outstanding Recorded
Investment
Troubled Debt Restructurings   
Commercial real estate2 $145 $145 
Commercial and industrial loans3 475 472 
Residential mortgages - 1-4 family2 65 65 
 7 $685 $682 
The following table presents the Company’s TDR activity for the three and nine months ended September 30, 2019:
(In thousands)Three Months Ended September 30, 2019
Balance at beginning of year$25,089 
Principal payments(3,876)
TDR status change (1)— 
Other reductions (2)(1,548)
Newly identified TDRs65 
Balance at end of year$19,730 
(In thousands)Nine Months Ended September 30, 2019
Balance at beginning of year$27,415 
Principal payments(5,664)
TDR status change (1)— 
Other reductions (2)(2,703)
Newly identified TDRs682 
Balance at end of year$19,730 
_____________________ 
(1) TDR status change classification represents TDR loans with a specified interest rate equal to or greater than the rate that the Company was willing to accept at the time of the restructuring for a new loan with comparable risk and the loan was on current payment status and not impaired based on the terms specified by the restructuring agreement.
(2)  Other reductions classification consists of transfer to other real estate owned, charge-offs to loans, and other loan sale payoffs.
Schedule of Loans Modified as TDRs
The following table presents loans modified as TDRs that occurred during the three and nine months ended September 30, 2020 and 2019:
(dollars in thousands)Total
Three months ended September 30, 2020
TDR:
Number of loans10 
Pre-modification outstanding recorded investment$611 
Post-modification outstanding recorded investment$611 
Three months ended September 30, 2019
TDR:
Number of loans2 
Pre-modification outstanding recorded investment$65 
Post-modification outstanding recorded investment$65 

(dollars in thousands)Total
Nine months ended September 30, 2020
TDR:
Number of loans15 
Pre-modification outstanding recorded investment$11,591 
Post-modification outstanding recorded investment$11,591 
Nine months ended September 30, 2019
TDR:
Number of loans7 
Pre-modification outstanding recorded investment$685 
Post-modification outstanding recorded investment$682 
Schedule of Unamortized Net Costs and Premiums on Accounts Notes Loans and Financing Receivable
Total unamortized net costs and premiums included in the December 31, 2019 total loans for business activity loans were the following:
(In thousands)December 31, 2019
Unamortized net loan origination costs$13,259 
Unamortized net premium on purchased loans2,643 
Total unamortized net costs and premiums$15,902 
Schedule of Activity in the Allowance for Loan Losses
Activity in the allowance for loan losses for the three and nine months ended September 30, 2019 was as follows:
At or for the three months ended September 30, 2019
Business Activities Loans
(In thousands)		Commercial
real estate		Commercial and
industrial loans		Residential
mortgages		ConsumerTotal
Balance at beginning of period$22,408 $18,849 $8,834 $5,341 $55,432 
Charged-off loans3,061 19,315 95 760 23,231 
Recoveries on charged-off loans286 469 — 53 808 
Provision/(releases) for loan losses3,815 18,929 23 420 23,187 
Balance at end of period$23,448 $18,932 $8,762 $5,054 $56,196 
At or for the nine months ended September 30, 2019
Business Activities Loans
(In thousands)		Commercial
real estate		Commercial and
industrial loans		Residential
mortgages		ConsumerTotal
Balance at beginning of period$21,732 $16,504 $10,535 $7,368 $56,139 
Charged-off loans5,019 22,171 343 2,536 30,069 
Recoveries on charged-off loans561 895 58 186 1,700 
Provision/(releases) for loan losses6,174 23,704 (1,488)36 28,426 
Balance at end of period$23,448 $18,932 $8,762 $5,054 $56,196 
At or for the three months ended September 30, 2019
Acquired Loans
(In thousands)		Commercial
real estate		Commercial and
industrial loans		Residential
mortgages		ConsumerTotal
Balance at beginning of period$4,562 $870 $882 $410 $6,724 
Charged-off loans20 89 97 87 293 
Recoveries on charged-off loans36 85 52 17 190 
Provision/(releases) for loan losses(648)20 7 34 (587)
Balance at end of period$3,930 $886 $844 $374 $6,034 
At or for the nine months ended September 30, 2019
Acquired Loans
(In thousands)		Commercial
real estate		Commercial and
industrial loans		Residential
mortgages		ConsumerTotal
Balance at beginning of period$3,153 $1,064 $630 $483 $5,330 
Charged-off loans824 460 201 515 2,000 
Recoveries on charged-off loans536 311 112 103 1,062 
Provision/(releases) for loan losses1,065 (29)303 303 1,642 
Balance at end of period$3,930 $886 $844 $374 $6,034 
Schedule of Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield Movement
The following table summarizes activity in the accretable yield for the acquired loan portfolio that falls under the purview of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality:
(In thousands)Three Months Ended September 30, 2019Nine Months Ended September 30, 2019
Balance at beginning of period$5,420 $2,840 
Acquisitions— 4,200 
Accretion(2,872)(6,470)
Net reclassification from nonaccretable difference2,066 4,195 
Payments received, net(196)(356)
Reclassification to TDR— 9 
Balance at end of period$4,418 $4,418 
Schedule of Loans Evaluated for Impairment
Loans evaluated for impairment as of December 31, 2019 were as follows:

Business Activities Loans
(In thousands) Commercial
real estate		 Commercial
and industrial		 Residential
mortgages		ConsumerTotal
Loans receivable:     
Balance at end of year     
Individually evaluated for impairment$19,192 $9,167 $3,019 $630 $32,008 
Collectively evaluated2,777,764 1,433,450 2,145,439 777,836 7,134,489 
Total$2,796,956 $1,442,617 $2,148,458 $778,466 $7,166,497 

Acquired Loans
(In thousands) Commercial
real estate		 Commercial
and industrial		 Residential
mortgages		ConsumerTotal
Loans receivable:     
Balance at end of year     
Individually evaluated for impairment$4,241 $464 $372 $575 $5,652 
Purchased credit-impaired loans23,035 26,718 10,840 826 61,419 
Collectively evaluated1,210,037 370,709 525,802 162,312 2,268,860 
Total$1,237,313 $397,891 $537,014 $163,713 $2,335,931 
Impaired Financing Receivables
The following is a summary of impaired loans at December 31, 2019:
Business Activities Loans
 December 31, 2019
(In thousands)Recorded Investment (1)Unpaid Principal
Balance (2)		Related Allowance
With no related allowance:   
Other commercial real estate loans$18,676 $37,493 $— 
Commercial and industrial loans4,805 10,104 — 
Residential mortgages - 1-4 family433 699 — 
Consumer - home equity32 238 — 
Consumer - other— — — 
With an allowance recorded:   
Other commercial real estate loans$550 $1,411 $20 
Commercial and industrial loans4,166 12,136 122 
Residential mortgages - 1-4 family2,615 2,924 109 
Consumer - home equity594 614 42 
Consumer - other8 8 1 
Total   
Commercial real estate$19,226 $38,904 $20 
Commercial and industrial loans8,971 22,240 122 
Residential mortgages3,048 3,623 109 
Consumer634 860 43 
Total impaired loans$31,879 $65,627 $294 
(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.
(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.
Acquired Loans
 December 31, 2019
(In thousands)Recorded Investment (1)Unpaid Principal
Balance (2)		Related Allowance
With no related allowance:   
Other commercial real estate loans$3,200 $6,021 $— 
Other commercial and industrial loans437 532 — 
Residential mortgages - 1-4 family292 293 — 
Consumer - home equity416 844 — 
Consumer - other— — — 
With an allowance recorded:   
Other commercial real estate loans$1,033 $1,050 $97 
Commercial and industrial loans28 30 1 
Residential mortgages - 1-4 family84 110 8 
Consumer - home equity121 123 6 
  Consumer - other39 37 6 
Total   
Commercial real estate$4,233 $7,071 $97 
Commercial and industrial loans465 562 1 
Residential mortgages376 403 8 
Consumer 576 1,004 12 
Total impaired loans$5,650 $9,040 $118 
(1) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on the Consolidated Balance Sheet.
(2) The Unpaid Principal Balance represents the customer's legal obligation to the Company.
Impaired Financing Receivables Average Balances and Related Interest Income Recognized
The following is a summary of the average recorded investment and interest income recognized on impaired loans as of December 31, 2019:
 
Business Activities Loans
 December 31, 2019
(in thousands)Average  Recorded
Investment		Cash Basis  Interest
Income  Recognized
With no related allowance:  
Other commercial real estate$19,805 $586 
Other commercial and industrial3,165 523 
Residential mortgages - 1-4 family185 17 
Consumer-home equity148 3 
Consumer-other— — 
With an allowance recorded:  
Other commercial real estate$374 $107 
Other commercial and industrial2,533 793 
Residential mortgages - 1-4 family2,427 150 
Consumer-home equity349 32 
Consumer - other11 1 
Total  
Commercial real estate$20,179 $693 
Commercial and industrial5,698 1,316 
Residential mortgages2,612 167 
Consumer loans508 36 
Total impaired loans$28,997 $2,212 
 
Acquired Loans
 December 31, 2019
(in thousands)Average  Recorded
Investment		Cash Basis  Interest
Income  Recognized
With no related allowance:  
Other commercial real estate$1,603 $117 
Other commercial and industrial441 51 
Residential mortgages - 1-4 family241 11 
Consumer - home equity475 23 
Consumer - other — — 
With an allowance recorded:  
Other commercial real estate$1,005 $59 
Other commercial and industrial29 2 
Residential mortgages - 1-4 family88 7 
Consumer - home equity68 6 
Consumer - other 41 2 
Total  
Commercial real estate$2,608 $176 
Commercial and industrial470 53 
Residential mortgages329 18 
Consumer loans584 31 
Total impaired loans$3,991 $278