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Loans (Tables)
6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Schedule of Recorded Investment in Loans
The following table presents the recorded investment in loans at June 30, 2020 and December 31, 2019. The recorded investment in loans excludes accrued interest receivable.
(Dollars in thousands)OriginatedAcquiredTotal
June 30, 2020   
Commercial real estate$582,970  $142,513  $725,483  
Commercial and industrial728,622  61,731  790,353  
Residential real estate246,644  47,397  294,041  
Consumer719  4,757  5,476  
Total$1,558,955  $256,398  $1,815,353  
December 31, 2019   
Commercial real estate$551,565  $53,081  $604,646  
Commercial and industrial403,922  6,306  410,228  
Residential real estate201,787  10,052  211,839  
Consumer864  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)June 30, 2020December 31, 2019
Nonaccrual loans:  
Commercial real estate$3,649  $4,832  
Commercial and industrial2,377  11,112  
Residential real estate2,226  2,569  
Consumer16  16  
Total nonaccrual loans8,268  18,529  
Other real estate owned61  921  
Total nonperforming assets$8,329  $19,450  
Loans 90 days or more past due and still accruing$903  $157  
Summary of Loan Delinquency
Loan delinquency as of the dates presented below was as follows:
(Dollars in thousands)Current30 - 59 Days
Past Due
60 - 89 Days
Past Due
90+ Days
Past Due
Total
June 30, 2020     
Commercial real estate$723,750  $206  $85  $1,442  $725,483  
Commercial and industrial787,259  2,222  259  613  790,353  
Residential real estate290,045  2,455  172  1,369  294,041  
Consumer5,473  —   —  5,476  
Total$1,806,527  $4,883  $519  $3,424  $1,815,353  
December 31, 2019     
Commercial real estate$597,892  $3,630  $1,286  $1,838  $604,646  
Commercial and industrial407,692  377  1,275  884  410,228  
Residential real estate206,002  3,286  1,429  1,122  211,839  
Consumer892   —  —  896  
Total$1,212,478  $7,297  $3,990  $3,844  $1,227,609  
Information as to Impaired Loans, Excluding PCI Loans
Information as to impaired loans, excluding purchased credit impaired loans, was as follows:
(Dollars in thousands)June 30, 2020December 31, 2019
Nonaccrual loans$8,268  $18,529  
Performing troubled debt restructurings: 
Commercial and industrial549  547  
Residential real estate600  359  
Total performing troubled debt restructurings1,149  906  
Total impaired loans, excluding purchase credit impaired loans$9,417  $19,435  
The total balance of all PCI loans from these acquisitions was as follows:
(Dollars in thousand)Unpaid Principal BalanceRecorded Investment
June 30, 2020  
Commercial real estate$6,732  $2,883  
Commercial and industrial713  291  
Residential real estate4,079  2,922  
Total PCI loans$11,524  $6,096  
December 31, 2019
Commercial real estate$6,597  $2,884  
Commercial and industrial556  135  
Residential real estate4,215  2,954  
Total PCI loans$11,368  $5,973  
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
June 30, 2020     
Individually evaluated impaired loans:     
Commercial real estate$3,649  $—  $3,649  $4,007  $—  
Commercial and industrial2,327  596  2,923  3,604  310  
Residential real estate413  1,044  1,457  1,601  29  
Total$6,389  $1,640  $8,029  $9,212  $339  
December 31, 2019     
Individually evaluated impaired loans:     
Commercial real estate$4,832  $—  $4,832  $5,156  $—  
Commercial and industrial10,739  913  11,652  12,521  363  
Residential real estate1,197  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 June 30, 2020   
Individually evaluated impaired loans:   
Commercial real estate$3,680  $—  $—  
Commercial and industrial6,809  11  66  
Residential real estate1,456  10  —  
Total$11,945  $21  $66  
For the six months ended June 30, 2020
Individually evaluated impaired loans:  
Commercial real estate$3,866  $—  $—  
Commercial and industrial8,761  22  84  
Residential real estate1,457  19  —  
Total$14,084  $41  $84  
For the three months ended June 30, 2019   
Individually evaluated impaired loans:   
Commercial real estate$2,927  $—  $ 
Commercial and industrial10,220  10  —  
Residential real estate2,111   10  
Total$15,258  $17  $11  
For the six months ended June 30, 2019
Individually evaluated impaired loans:
Commercial real estate$4,675  $—  $174  
Commercial and industrial10,535  19  224  
Residential real estate2,476  14  10  
Total$17,686  $33  $408  
Summary of Recorded Investment of Loans Modified in TDRs
The following table presents the recorded investment of loans modified as TDRs during the three and six months ended June 30, 2020 and 2019, by type of concession granted. In cases where more than one type of concession was granted, the loans were categorized based on the most significant concession.
 Concession typeFinancial effects of
modification
(Dollars in thousands)Principal
deferral
Interest
rate
Forbearance
agreement
Total
number of
loans
Total
recorded
investment
Net
charge-offs
Provision
for loan
losses
Three months ended June 30, 2020       
Residential real estate$—  $75  $—   $75  $—  $—  
Total$—  $75  $—   $75  $—  $—  
Six months ended June 30, 2020       
Residential real estate$—  $75  $—   $75  $—  $—  
Total$—  $75  $—   $75  $—  $—  
Three months ended June 30, 2019
Commercial and industrial$—  $—  $47   $47  $—  $16  
Total$—  $—  $47   $47  $—  $16  
Six months ended June 30, 2019
Commercial and industrial$—  $—  $369   $369  $—  $174  
Total$—  $—  $369   $369  $—  $174  
Risk Category of Loans by Class of Loans
Based on the most recent analysis performed, the risk category of loans by class of loans was as follows:
(Dollars in thousands)PassSpecial
Mention
SubstandardDoubtfulTotal
June 30, 2020     
Commercial real estate$712,839  $8,920  $2,890  $834  $725,483  
Commercial and industrial773,741  7,916  8,057  639  790,353  
Total$1,486,580  $16,836  $10,947  $1,473  $1,515,836  
December 31, 2019     
Commercial real estate$591,419  $8,325  $4,042  $860  $604,646  
Commercial and industrial383,756  8,967  16,527  978  410,228  
Total$975,175  $17,292  $20,569  $1,838  $1,014,874  
The following presents residential real estate and consumer loans by credit quality:
(Dollars in thousands)PerformingNonperformingTotal
June 30, 2020   
Residential real estate$291,815  $2,226  $294,041  
Consumer5,460  16  5,476  
Total$297,275  $2,242  $299,517  
December 31, 2019   
Residential real estate$209,270  $2,569  $211,839  
Consumer880  16  896  
Total$210,150  $2,585  $212,735  
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 June 30,For the six months ended June 30,
(Dollars in thousands)2020201920202019
Accretable yield at beginning of period$8,733  $10,363  $9,141  $10,947  
Additions due to acquisitions—  —  35  —  
Accretion of income(425) (591) (868) (1,175) 
Adjustments to accretable yield66  422  66  422  
Accretable yield at end of period$8,374  $10,194  $8,374  $10,194