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Loans (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Recorded Investment in Loans
The following table presents the recorded investment in loans at March 31, 2020 and December 31, 2019. The recorded investment in loans excludes accrued interest receivable.
(Dollars in thousands)
 
Originated
 
Acquired
 
Total
March 31, 2020
 
 

 
 

 
 

Commercial real estate
 
$
578,960

 
$
149,950

 
$
728,910

Commercial and industrial
 
398,875

 
70,352

 
469,227

Residential real estate
 
209,426

 
53,468

 
262,894

Consumer
 
846

 
4,530

 
5,376

Total
 
$
1,188,107

 
$
278,300

 
$
1,466,407

December 31, 2019
 
 

 
 

 
 

Commercial real estate
 
$
551,565

 
$
53,081

 
$
604,646

Commercial and industrial
 
403,922

 
6,306

 
410,228

Residential real estate
 
201,787

 
10,052

 
211,839

Consumer
 
864

 
32

 
896

Total
 
$
1,158,138

 
$
69,471

 
$
1,227,609
Information as to Nonperforming Assets
Information as to nonperforming assets was as follows:
(Dollars in thousands)
 
March 31, 2020
 
December 31, 2019
Nonaccrual loans:
 
 

 
 

Commercial real estate
 
$
3,721

 
$
4,832

Commercial and industrial
 
9,364

 
11,112

Residential real estate
 
2,124

 
2,569

Consumer
 
15

 
16

Total nonaccrual loans
 
15,224

 
18,529

Other real estate owned
 
2,093

 
921

Total nonperforming assets
 
$
17,317

 
$
19,450

Loans 90 days or more past due and still accruing
 
$
437

 
$
157
Summary of Loan Delinquency
Loan delinquency as of the dates presented below was as follows:
(Dollars in thousands)
 
Current
 
30 - 59 Days
Past Due
 
60 - 89 Days
Past Due
 
90+ Days
Past Due
 
Total
March 31, 2020
 
 

 
 

 
 

 
 

 
 

Commercial real estate
 
$
726,231

 
$
1,557

 
$
293

 
$
829

 
$
728,910

Commercial and industrial
 
467,608

 
306

 
201

 
1,112

 
469,227

Residential real estate
 
256,486

 
4,071

 
868

 
1,469

 
262,894

Consumer
 
5,350

 
23

 
3

 
—

 
5,376

Total
 
$
1,455,675

 
$
5,957

 
$
1,365

 
$
3,410

 
$
1,466,407

December 31, 2019
 
 

 
 

 
 

 
 

 
 

Commercial real estate
 
$
597,892

 
$
3,630

 
$
1,286

 
$
1,838

 
$
604,646

Commercial and industrial
 
407,692

 
377

 
1,275

 
884

 
410,228

Residential real estate
 
206,002

 
3,286

 
1,429

 
1,122

 
211,839

Consumer
 
892

 
4

 
—

 
—

 
896

Total
 
$
1,212,478

 
$
7,297

 
$
3,990

 
$
3,844

 
$
1,227,609
Information as to Impaired Loans, Excluding PCI Loans
The total balance of all PCI loans from these acquisitions was as follows:
(Dollars in thousand)
 
Unpaid Principal Balance
 
Recorded Investment
March 31, 2020
 
 

 
 

Commercial real estate
 
$
6,558

 
$
2,990

Commercial and industrial
 
1,348

 
779

Residential real estate
 
4,192

 
2,969

Total PCI loans
 
$
12,098

 
$
6,738

December 31, 2019
 
 
 
 
Commercial real estate
 
$
6,597

 
$
2,884

Commercial and industrial
 
556

 
135

Residential real estate
 
4,215

 
2,954

Total PCI loans
 
$
11,368

 
$
5,973

Information as to impaired loans, excluding purchased credit impaired loans, was as follows:
(Dollars in thousands)
 
March 31, 2020
 
December 31, 2019
Nonaccrual loans
 
$
15,224

 
$
18,529

Performing troubled debt restructurings:
 
 

 
 
Commercial and industrial
 
541

 
547

Residential real estate
 
599

 
359

Total performing troubled debt restructurings
 
1,140

 
906

Total impaired loans, excluding purchase credit impaired loans
 
$
16,364

 
$
19,435

Loans individually evaluated for impairment are presented below.
(Dollars in thousands)
 
Recorded investment with
no related
allowance
 
Recorded investment
with related
allowance
 
Total
recorded
investment
 
Contractual
principal
balance
 
Related
allowance
March 31, 2020
 
 

 
 

 
 

 
 

 
 

Individually evaluated impaired loans:
 
 

 
 

 
 

 
 

 
 

Commercial real estate
 
$
3,721

 
$
—

 
$
3,721

 
$
4,014

 
$
—

Commercial and industrial
 
9,279

 
624

 
9,903

 
10,437

 
318

Residential real estate
 
1,192

 
188

 
1,380

 
1,529

 
22

Total
 
$
14,192

 
$
812

 
$
15,004

 
$
15,980

 
$
340

December 31, 2019
 
 

 
 

 
 

 
 

 
 

Individually evaluated impaired loans:
 
 

 
 

 
 

 
 

 
 

Commercial real estate
 
$
4,832

 
$
—

 
$
4,832

 
$
5,156

 
$
—

Commercial and industrial
 
10,739

 
913

 
11,652

 
12,521

 
363

Residential real estate
 
1,197

 
189

 
1,386

 
1,570

 
22

Total
 
$
16,768

 
$
1,102

 
$
17,870

 
$
19,247

 
$
385

(Dollars in thousands)
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Cash Basis
Interest
Recognized
For the three months ended March 31, 2020
 
 

 
 

 
 

Individually evaluated impaired loans:
 
 

 
 

 
 

Commercial real estate
 
$
4,015

 
$
—

 
$
—

Commercial and industrial
 
10,998

 
11

 
18

Residential real estate
 
1,383

 
9

 
—

Total
 
$
16,396

 
$
20

 
$
18

For the three months ended March 31, 2019
 
 
 
 
 
 
Individually evaluated impaired loans:
 
 
 
 

 
 

Commercial real estate
 
$
5,467

 
$
—

 
$
173

Commercial and industrial
 
10,868

 
9

 
224

Residential real estate
 
2,746

 
7

 
—

Total
 
$
19,081

 
$
16

 
$
397
Summary of Recorded Investment of Loans Modified in TDRs
The following table presents the recorded investment of loans modified as TDRs during the three months ended March 31, 2019 by type of concession granted. There were no loans modified as TDRs during the three months ended March 31, 2020. In cases where more than one type of concession was granted, the loans were categorized based on the most significant concession.
 
 
Concession type
 
 
 
 
 
Financial effects of
modification
(Dollars in thousands)
 
Principal
deferral
 
Interest
rate
 
Forbearance
agreement
 
Total
number of
loans
 
Total
recorded
investment
 
Net
charge-offs
 
Provision
for loan
losses
For the three months ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
—

 
$
—

 
$
335

 
1

 
$
335

 
$
—

 
$
158

Total
 
$
—

 
$
—

 
$
335

 
1

 
$
335

 
$
—

 
$
158

The following table presents the number of loans modified as TDRs during the twelve months ended March 31, 2020 and 2019 for which there was a subsequent payment default, including the recorded investment as of the period end. A payment on a TDR is considered to be in default once it is greater than 30 days past due.
 
 
For the three months ended March 31, 2020
(Dollars in thousands)
 
Total number of
loans
 
Total recorded
investment
 
Provision for loan losses following a
subsequent default
Commercial and industrial
 
1

 
$
—

 
$
12

Total
 
1

 
$
—

 
$
12


 
 
For the three months ended March 31, 2019
(Dollars in thousands)
 
Total number of
loans
 
Total recorded
investment
 
Provision for loan losses following a
subsequent default
Residential real estate
 
1

 
$
115

 
$
5

Total
 
1

 
$
115

 
$
5
Risk Category of Loans by Class of Loans
The following presents residential real estate and consumer loans by credit quality:
(Dollars in thousands)
 
Performing
 
Nonperforming
 
Total
March 31, 2020
 
 

 
 

 
 

Residential real estate
 
$
260,770

 
$
2,124

 
$
262,894

Consumer
 
5,361

 
15

 
5,376

Total
 
$
266,131

 
$
2,139

 
$
268,270

December 31, 2019
 
 

 
 

 
 

Residential real estate
 
$
209,270

 
$
2,569

 
$
211,839

Consumer
 
880

 
16

 
896

Total
 
$
210,150

 
$
2,585

 
$
212,735

Based on the most recent analysis performed, the risk category of loans by class of loans was as follows:
(Dollars in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
March 31, 2020
 
 

 
 

 
 

 
 

 
 

Commercial real estate
 
$
715,292

 
$
9,828

 
$
2,932

 
$
858

 
$
728,910

Commercial and industrial
 
441,179

 
11,995

 
15,197

 
856

 
469,227

Total
 
$
1,156,471

 
$
21,823

 
$
18,129

 
$
1,714

 
$
1,198,137

December 31, 2019
 
 

 
 

 
 

 
 

 
 

Commercial real estate
 
$
591,419

 
$
8,325

 
$
4,042

 
$
860

 
$
604,646

Commercial and industrial
 
383,756

 
8,967

 
16,527

 
978

 
410,228

Total
 
$
975,175

 
$
17,292

 
$
20,569

 
$
1,838

 
$
1,014,874
Total Balance of PCI Loans and Activity in Accretable Yield
The following table reflects the activity in the accretable yield of PCI loans from past acquisitions, which includes total expected cash flows, including interest, in excess of the recorded investment.
 
 
For the three months ended March 31,
(Dollars in thousands)
 
2020
 
2019
Accretable yield at beginning of period
 
$
9,141

 
$
10,947

Additions due to acquisitions
 
35

 
—

Accretion of income
 
(443
)
 
(584
)
Accretable yield at end of period
 
$
8,733

 
$
10,363