XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Loans (Tables)
9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Schedule of Recorded Investment in Loans
The following table presents the recorded investment in loans at September 30, 2020 and December 31, 2019. The recorded investment in loans excludes accrued interest receivable.
(Dollars in thousands)OriginatedAcquiredTotal
September 30, 2020   
Commercial real estate$593,156 $137,033 $730,189 
Commercial and industrial748,913 59,010 807,923 
Residential real estate261,153 42,935 304,088 
Consumer671 1,017 1,688 
Total$1,603,893 $239,995 $1,843,888 
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)September 30, 2020December 31, 2019
Nonaccrual loans:  
Commercial real estate$7,022 $4,832 
Commercial and industrial8,078 11,112 
Residential real estate4,151 2,569 
Consumer15 16 
Total nonaccrual loans19,266 18,529 
Other real estate owned 921 
Total nonperforming assets$19,266 $19,450 
Loans 90 days or more past due and still accruing$552 $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
September 30, 2020     
Commercial real estate$726,018 $3,934 $237 $ $730,189 
Commercial and industrial802,363 3,598 1,962  807,923 
Residential real estate294,478 4,067 2,133 3,410 304,088 
Consumer1,684 2 2  1,688 
Total$1,824,543 $11,601 $4,334 $3,410 $1,843,888 
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)September 30, 2020December 31, 2019
Nonaccrual loans$19,266 $18,529 
Performing troubled debt restructurings: 
Commercial and industrial550 547 
Residential real estate599 359 
Total performing troubled debt restructurings1,149 906 
Total impaired loans, excluding purchase credit impaired loans$20,415 $19,435 
The total balance of all PCI loans from these acquisitions was as follows:
(Dollars in thousand)Unpaid Principal BalanceRecorded Investment
September 30, 2020  
Commercial real estate$6,304 $2,841 
Commercial and industrial683 281 
Residential real estate4,048 2,945 
Total PCI loans$11,035 $6,067 
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
September 30, 2020     
Individually evaluated impaired loans:     
Commercial real estate$7,022 $ $7,022 $7,355 $ 
Commercial and industrial4,465 4,717 9,182 10,031 798 
Residential real estate2,942 266 3,208 3,459 26 
Total$14,429 $4,983 $19,412 $20,845 $824 
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 September 30, 2020   
Individually evaluated impaired loans:   
Commercial real estate$7,139 $ $ 
Commercial and industrial8,960 12  
Residential real estate3,265 7  
Total$19,364 $19 $ 
For the nine months ended September 30, 2020
Individually evaluated impaired loans:  
Commercial real estate$7,433 $ $ 
Commercial and industrial13,086 34 84 
Residential real estate3,266 26  
Total$23,785 $60 $84 
For the three months ended September 30, 2019   
Individually evaluated impaired loans:   
Commercial real estate$3,111 $$35 
Commercial and industrial6,752 14 349 
Residential real estate1,428 — 
Total$11,291 $23 $384 
For the nine months ended September 30, 2019
Individually evaluated impaired loans:
Commercial real estate$4,034 $$209 
Commercial and industrial9,080 33 573 
Residential real estate2,059 21 10 
Total$15,173 $56 $792 
Summary of Recorded Investment of Loans Modified in TDRs
The following table presents the recorded investment of loans modified as TDRs during the three and nine months ended September 30, 2020 and nine months ended September 30, 2019, by type of concession granted. There were no loans modified as TDRs during the three months ended September 30, 2019. In cases where more than one type of concession was granted, the loans were categorized based on the most significant concession.
 Concession typeFinancial effects of
modification
(Dollars in thousands)Principal
deferral
Interest
rate
Forbearance
agreement
Total
number of
loans
Total
recorded
investment
Net
charge-offs
Provision
for loan
losses
Three months ended September 30, 2020       
Commercial and industrial$ $ $148 1 $148 $ $ 
Total$ $ $148 1 $148 $ $ 
Nine months ended September 30, 2020       
Commercial and industrial$ $ $148 1 $148 $ $ 
Residential real estate 75  1 75   
Total$ $75 $148 2 $223 $ $ 
Nine months ended September 30, 2019
Commercial and industrial$— $— $351 $351 $— $174 
Total$— $— $351 $351 $— $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
September 30, 2020     
Commercial real estate$703,241 $19,686 $6,723 $539 $730,189 
Commercial and industrial773,242 17,874 12,260 4,547 807,923 
Total$1,476,483 $37,560 $18,983 $5,086 $1,538,112 
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
September 30, 2020   
Residential real estate$299,937 $4,151 $304,088 
Consumer1,673 15 1,688 
Total$301,610 $4,166 $305,776 
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 September 30,For the nine months ended September 30,
(Dollars in thousands)2020201920202019
Accretable yield at beginning of period$8,374 $10,194 $9,141 $10,947 
Additions due to acquisitions — 35 — 
Accretion of income(482)(597)(1,350)(1,772)
Adjustments to accretable yield — 66 422 
Accretable yield at end of period$7,892 $9,597 $7,892 $9,597