XML 70 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Summary of loans receivable

The following table shows a summary of our loans receivable at amortized cost basis at March 31, 2020 and December 31, 2019 (in thousands): 
 
March 31, 2020
 
December 31, 2019
 
Originated
 
Acquired
 
Total
 
Originated
 
Acquired
 
Total
Personal Banking:
 

 
 

 
 

 
 

 
 
 
 
Residential mortgage loans (1)
$
2,758,695

 
76,038

 
2,834,733

 
2,785,189

 
82,938

 
2,868,127

Home equity loans
1,129,370

 
231,284

 
1,360,654

 
1,100,023

 
243,404

 
1,343,427

Vehicle loans
929,204

 
7,623

 
936,827

 
850,804

 
10,388

 
861,192

Consumer loans
243,169

 
6,743

 
249,912

 
237,834

 
25,597

 
263,431

Total Personal Banking
5,060,438

 
321,688

 
5,382,126

 
4,973,850

 
362,327

 
5,336,177

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
1,953,458

 
309,540

 
2,262,998

 
1,915,949

 
312,160

 
2,228,109

Commercial real estate loans - owner occupied
416,283

 
71,477

 
487,760

 
433,099

 
93,182

 
526,281

Commercial loans
650,349

 
53,641

 
703,990

 
664,159

 
53,948

 
718,107

Total Commercial Banking
3,020,090

 
434,658

 
3,454,748

 
3,013,207

 
459,290

 
3,472,497

Total loans receivable, gross
8,080,528

 
756,346

 
8,836,874

 
7,987,057

 
821,617

 
8,808,674

 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses
(82,431
)
 
(10,466
)
 
(92,897
)
 
(51,439
)
 
(6,502
)
 
(57,941
)
Total loans receivable, net (2)
$
7,998,097

 
745,880

 
8,743,977

 
7,935,618

 
815,115

 
8,750,733


(1)
Includes $6.4 million and $7.7 million of loans held-for-sale at March 31, 2020 and December 31, 2019, respectively.
(2)
Includes $44.7 million and $40.2 million of net unearned income, unamortized premiums and discounts and deferred fees and costs at March 31, 2020 and December 31, 2019, respectively.
Schedule of the composition of impaired loans by portfolio segment and by class of financing receivable The following table presents the amortized cost of our loans on nonaccrual status as of the beginning and end of the quarter ended March 31, 2020 (in thousands): 
 
Nonaccrual loans at January 1, 2020
 
Nonaccrual loans at March 31, 2020 with an allowance
 
Nonaccrual loans with no allowance
 
Loans 90 days past due and accruing
Personal Banking:
 

 
 

 
 

 
 

Residential mortgage loans
$
14,476

 
11,651

 
—

 
—

Home equity loans
6,745

 
7,106

 
—

 
31

Vehicle loans
3,147

 
3,231

 
—

 
—

Consumer loans
1,079

 
936

 
—

 
—

Total Personal Banking
25,447

 
22,924

 
—

 
31

 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

Commercial real estate loans
18,832

 
22,730

 
3,654

 
—

Commercial real estate loans - owner occupied
16,032

 
12,136

 
3,751

 
—

Commercial loans
8,559

 
18,838

 
1,398

 
—

Total Commercial Banking
43,423

 
53,704

 
8,803

 
—

 
 
 
 
 
 
 
 
Total
$
68,870

 
76,628

 
8,803

 
31

 
During the three months ended March 31, 2020, we recognized $217,000 of interest income on nonaccrual loans.

The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2020 (in thousands):
 
Real estate
 
Equipment
 
Other
 
Total
Personal Banking:
 

 
 

 
 

 
 

Residential mortgage loans
$
6,677

 
—

 
—

 
6,677

Home equity loans
99

 
—

 
—

 
99

Vehicle loans
—

 
—

 
1,569

 
1,569

Consumer loans
—

 
—

 
—

 
—

Total Personal Banking
6,776

 
—

 
1,569

 
8,345

 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

Commercial real estate loans
13,922

 
—

 
—

 
13,922

Commercial real estate loans - owner occupied
5,841

 
—

 
—

 
5,841

Commercial loans
3,927

 
11,717

 
—

 
15,644

Total Commercial Banking
23,690

 
11,717

 
—

 
35,407

 
 
 
 
 
 
 
 
Total
$
30,466

 
11,717

 
1,569

 
43,752

 
The following table provides information related to the composition of originated impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2019, prior to the adoption of ASU 2016-13 (in thousands):
 
Nonaccrual
loans 90 or
more days
delinquent
 
Nonaccrual
loans less
than 90
days
delinquent
 
Loans less
than 90
days
delinquent
reviewed for
impairment
 
TDRs less
than 90
days
delinquent
not included
elsewhere
 
Total
impaired
loans
 
Average
recorded
investment
in impaired
loans
 
Interest
income
recognized
on impaired
loans
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
12,682

 
1,794

 
—

 
6,817

 
21,293

 
19,767

 
688

Home equity loans
5,635

 
1,110

 
—

 
1,654

 
8,399

 
8,571

 
368

Consumer loans
3,610

 
616

 
—

 
—

 
4,226

 
3,842

 
179

Total Personal Banking
21,927

 
3,520

 
—

 
8,471

 
33,918

 
32,180

 
1,235

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
25,014

 
9,850

 
933

 
10,329

 
46,126

 
46,284

 
1,490

Commercial loans
4,739

 
3,820

 
15,916

 
1,474

 
25,949

 
10,179

 
345

Total Commercial Banking
29,753

 
13,670

 
16,849

 
11,803

 
72,075

 
56,463

 
1,835

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
51,680

 
17,190

 
16,849

 
20,274

 
105,993

 
88,643

 
3,070


The following table provides information related to acquired impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2019 prior to the adoption of ASU 2016-13 (in thousands):
 
Carrying
value
 
Outstanding
principal
balance
 
Related
impairment
reserve
 
Average
recorded
investment
in impaired
loans
 
Interest
income
recognized
Personal Banking:
 
 
 
 
 
 
 
 
 
Residential mortgage loans
$
742

 
1,232

 
7

 
866

 
147

Home equity loans
715

 
1,569

 
25

 
861

 
114

Consumer loans
7

 
34

 
1

 
18

 
12

Total Personal Banking
1,464

 
2,835

 
33

 
1,745

 
273

 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 
 
 
 
 
 
 
 
 
Commercial real estate loans
3,433

 
4,268

 
6

 
3,509

 
273

Commercial loans
78

 
84

 
1

 
78

 
5

Total Commercial Banking
3,511

 
4,352

 
7

 
3,587

 
278

 
 
 

 

 

 

Total loans
$
4,975

 
7,187

 
40

 
5,332

 
551
Schedule of the changes in the allowance for losses on loans receivable
The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the quarter ended March 31, 2019, prior to the adoption of ASU 2016-13 (in thousands):
 
Balance as of March 31, 2019
 
Current
period provision
 
Charge-offs
 
Recoveries
 
Balance as of
December 31, 2018
Originated loans
 
 
 
 
 
 
 
 
 
Personal Banking:
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
4,005

 
186

 
(349
)
 
114

 
4,054

Home equity loans
3,062

 
(35
)
 
(112
)
 
25

 
3,184

Consumer loans
11,535

 
2,822

 
(2,988
)
 
621

 
11,080

Total Personal Banking
18,602

 
2,973

 
(3,449
)
 
760

 
18,318

 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

Commercial real estate loans
25,470

 
(464
)
 
(569
)
 
124

 
26,379

Commercial loans
7,639

 
874

 
(457
)
 
168

 
7,054

Total Commercial Banking
33,109

 
410

 
(1,026
)
 
292

 
33,433

Total originated loans
51,711

 
3,383

 
(4,475
)
 
1,052

 
51,751

 
 
 
 
 
 
 
 
 
 
Acquired loans
 
 
 
 
 
 
 
 
 
Personal Banking:
 
 
 
 
 
 
 
 
 
Residential mortgage loans
92

 
8

 
(8
)
 
9

 
83

Home equity loans
399

 
45

 
(42
)
 
48

 
348

Consumer loans
454

 
34

 
(32
)
 
33

 
419

Total Personal Banking
945

 
87

 
(82
)
 
90

 
850

 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 
 
 
 
 
 
 
 
 
Commercial real estate loans
2,467

 
255

 
(35
)
 
251

 
1,996

Commercial loans
598

 
2,742

 
(2,813
)
 
52

 
617

Total Commercial Banking
3,065

 
2,997

 
(2,848
)
 
303

 
2,613

Total acquired loans
4,010

 
3,084

 
(2,930
)
 
393

 
3,463

 
 
 
 
 
 
 
 
 
 
Total
$
55,721

 
6,467

 
(7,405
)
 
1,445

 
55,214


The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the quarter ended March 31, 2020 and includes the cumulative effect of adopting ASU 2016-13 (in thousands):
 
Balance as of March 31, 2020
 
Current
period provision
 
Charge-offs
 
Recoveries
 
Cumulative effect of ASU 2016-13*
 
Balance as of
December 31, 2019
Allowance for Credit Losses
 
 
 
 
 
 
 
 
 
 
 
Personal Banking:
 

 
 

 
 

 
 

 
 
 
 

Residential mortgage loans
$
10,673

 
894

 
(343
)
 
107

 
7,441

 
2,574

Home equity loans
9,786

 
895

 
(289
)
 
205

 
5,786

 
3,189

Vehicle loans
11,994

 
5,359

 
(1,843
)
 
344

 
842

 
7,292

Consumer loans
5,166

 
3,518

 
(1,645
)
 
416

 
(2,424
)
 
5,301

Total Personal Banking
37,619

 
10,666

 
(4,120
)
 
1,072

 
11,645

 
18,356

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 
 
 

Commercial real estate loans
29,380

 
11,269

 
(310
)
 
290

 
2,288

 
15,843

Commercial real estate loans - owner occupied
8,374

 
1,365

 
(21
)
 
7

 
1,278

 
5,745

Commercial loans
17,524

 
4,337

 
(815
)
 
424

 
(4,419
)
 
17,997

Total Commercial Banking
55,278

 
16,971

 
(1,146
)
 
721

 
(853
)
 
39,585

Total
$
92,897

 
27,637

 
(5,266
)
 
1,793

 
10,792

 
57,941

 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Credit Losses -
off-balance sheet exposure
 
 
 
 
 
 
 
 
 
 
 
Personal Banking:
 
 
 
 
 
 
 
 
 
 
 
Home equity loans
34

 
4

 
—

 
—

 
(293
)
 
323

Consumer loans
—

 
—

 
—

 
—

 
(402
)
 
402

Total Personal Banking
34

 
4

 
—

 
—

 
(695
)
 
725

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 
 
 

Commercial real estate loans
3,294

 
1,283

 
—

 
—

 
1,934

 
77

Commercial real estate loans - owner occupied
95

 
4

 
—

 
—

 
88

 
3

Commercial loans
1,281

 
189

 
—

 
—

 
923

 
169

Total Commercial Banking
4,670

 
1,476

 
—

 
—

 
2,945

 
249

Total off-balance sheet exposure
$
4,704

 
1,480

 
—

 
—

 
2,250

 
974

* Includes the impact of the initial allowance on PCD loans of
Schedule of loan portfolio by portfolio segment and by class of financing receivable
The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable at March 31, 2020 (in thousands):
 
Total loans
receivable
 
Allowance for
credit losses
 
Nonaccrual
loans (1)
 
Loans 90 days past due and accruing
 
TDRs
 
Allowance
related to
TDRs
 
Additional
commitments
to customers
with loans
classified as
TDRs
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
2,834,733

 
10,673

 
11,651

 
—

 
7,183

 
865

 
—

Home equity loans
1,360,654

 
9,786

 
7,106

 
31

 
1,906

 
467

 
26

Vehicle loans
936,827

 
11,994

 
3,231

 
—

 
—

 
—

 
—

Consumer loans
249,912

 
5,166

 
936

 
—

 
—

 
—

 
—

Total Personal Banking
5,382,126

 
37,619

 
22,924

 
31

 
9,089

 
1,332

 
26

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
2,262,998

 
29,380

 
26,384

 
—

 
12,460

 
1,010

 
71

Commercial real estate loans - owner occupied
487,760

 
8,374

 
15,887

 
—

 
6,511

 
625

 
5

Commercial loans
703,990

 
17,524

 
20,236

 
—

 
5,292

 
1,981

 
559

Total Commercial Banking
3,454,748

 
55,278

 
62,507

 
—

 
24,263

 
3,616

 
635

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
8,836,874

 
92,897

 
85,431

 
31

 
33,352

 
4,948

 
661

(1)
Includes $17.4 million of nonaccrual TDRs.

The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable at December 31, 2019, prior to the adoption of ASU 2016-13 (in thousands): 
 
Total loans
receivable
 
Allowance for
credit losses
 
Nonaccrual
loans (1)
 
Loans 90 days past due and accruing
 
TDRs
 
Allowance
related to
TDRs
 
Additional
commitments
to customers
with loans
classified as
TDRs
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
2,868,127

 
2,574

 
14,476

 
—

 
7,550

 
560

 
—

Home equity loans
1,342,918

 
3,189

 
6,745

 
32

 
1,973

 
393

 
26

Consumer loans
1,125,132

 
12,593

 
4,226

 
—

 
—

 
—

 
—

Total Personal Banking
5,336,177

 
18,356

 
25,447

 
32

 
9,523

 
953

 
26

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
2,754,390

 
21,588

 
34,864

 
—

 
19,358

 
1,384

 
476

Commercial loans
718,107

 
17,997

 
8,559

 
—

 
3,118

 
665

 
64

Total Commercial Banking
3,472,497

 
39,585

 
43,423

 
—

 
22,476

 
2,049

 
540

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
8,808,674

 
57,941

 
68,870

 
32

 
31,999

 
3,002

 
566

(1)
Includes $9.0 million of nonaccrual TDRs.
Schedule of the evaluation of impaired loans by portfolio segment and by class of financing receivable
 
The following table provides information related to the evaluation of impaired loans by portfolio segment and by class of financing receivable at December 31, 2019 prior to the adoption of ASU 2016-13 (in thousands): 
 
Loans collectively evaluated for impairment
 
Loans individually evaluated for impairment
 
Loans individually evaluated for impairment for which there is a related impairment reserve
 
Related
impairment
reserve
 
Loans individually evaluated for impairment for which there is no related reserve
Personal Banking:
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
2,860,026

 
8,101

 
8,101

 
560

 
—

Home equity loans
1,340,944

 
1,974

 
1,974

 
393

 
—

Consumer loans
1,125,123

 
9

 
9

 
3

 
—

Total Personal Banking
5,326,093

 
10,084

 
10,084

 
956

 
—

 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

Commercial real estate loans
2,718,855

 
35,535

 
29,578

 
2,679

 
5,957

Commercial loans
694,424

 
23,683

 
18,337

 
8,127

 
5,346

Total Commercial Banking
3,413,279

 
59,218

 
47,915

 
10,806

 
11,303

 
 
 
 
 
 
 
 
 
 
Total
$
8,739,372

 
69,302

 
57,999

 
11,762

 
11,303
Schedule of troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable
The following table provides a roll forward of troubled debt restructurings for the periods indicated (dollars in thousands):
 
For the quarter ended March 31,
 
2020
 
2019
 
Number of
contracts
 
Amount
 
Number of
contracts
 
Amount
Beginning TDR balance:
176

 
$
31,999

 
195

 
$
33,608

New TDRs
2

 
2,518

 
—

 
—

Re-modified TDRs
2

 
2,076

 
—

 
—

Net paydowns
—

 
(2,841
)
 
—

 
(796
)
Charge-offs:
 
 
 

 
 
 
 

Residential mortgage loans
—

 
—

 
—

 
—

Home equity loans
1

 
(10
)
 
—

 
—

Vehicle loans
—

 
—

 
—

 
—

Commercial real estate loans
—

 
—

 
—

 
—

Commercial real estate loans - owner occupied
—

 
—

 
—

 
—

Commercial loans
—

 
—

 
—

 
—

Paid-off loans:
 
 
 
 
 
 
 
Residential mortgage loans
2

 
(330
)
 
—

 
—

Home equity loans
—

 
—

 
—

 
—

Vehicle loans
—

 
—

 
—

 
—

Commercial real estate loans
1

 
(26
)
 
—

 
—

Commercial real estate loans - owner occupied
—

 
—

 
—

 
—

Commercial loans
3

 
(34
)
 
—

 
—

Ending TDR balance:
171

 
$
33,352

 
195

 
$
32,812

 
 
 
 
 
 
 
 
Accruing TDRs
 

 
$
15,977

 
 
 
$
17,861

Non-accrual TDRs
 

 
17,375

 
 
 
14,951

The following tables provide information related to TDRs (including re-modified TDRs) by portfolio segment and by class of financing receivable during the periods indicated (in thousands):
 
For the quarter ended March 31, 2020
 
Number of contracts
 
Recorded
investment
at the time of
modification
 
Current
recorded
investment
 
Current
allowance
 
 
 
 
 
 
 
 
Personal Banking:
 

 
 

 
 

 
 

Residential mortgage loans
—

 
$
—

 
—

 
—

Home equity loans
1

 
19

 
18

 
—

Vehicle loans
—

 
—

 
—

 
—

Consumer loans
—

 
—

 
—

 
—

Total Personal Banking
1

 
19

 
18

 
—

 
 
 
 
 
 
 
 
Commercial Banking:
 
 
 
 
 
 
 
Commercial real estate loans
—

 
—

 
—

 
—

Commercial real estate loans - owner occupied
2

 
2,077

 
2,076

 
176

Commercial loans
1

 
2,500

 
2,500

 
1,628

Total Commercial Banking
3

 
4,577

 
4,576

 
1,804

 
 
 
 
 
 
 
 
Total
4

 
$
4,596

 
4,594

 
1,804

    
The following table provides information as of March 31, 2020 for TDRs (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable for modifications during the quarter ended March 31, 2020 (in thousands):
 
 
 
Type of modification
 
 
 
Number of contracts
 
Rate
 
Payment
 
Maturity date
 
Other
 
Total
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage loans
—

 
$
—

 
—

 
—

 
—

 
—

Home equity loans
1

 
—

 
—

 
18

 
—

 
18

Vehicle loans
—

 
—

 
—

 
—

 
—

 
—

Consumer loans
—

 
—

 
—

 
—

 
—

 
—

Total Personal Banking
1

 
—

 
—

 
18

 
—

 
18

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate loans
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate loans - owner occupied
2

 
—

 
—

 
2,076

 
—

 
2,076

Commercial loans
1

 
—

 
—

 
—

 
2,500

 
2,500

Total Commercial Banking
3

 
—

 
—

 
2,076

 
2,500

 
4,576

 
 
 
 
 
 
 
 
 
 
 
 
Total
4

 
$
—

 
—

 
2,094

 
2,500

 
4,594
Schedule of loan delinquencies
The following table provides information related to the amortized cost basis of loan payment delinquencies at March 31, 2020 (in thousands):
 
30-59 days
delinquent
 
60-89 days
delinquent
 
90 days or
greater
delinquent
 
Total
delinquency
 
Current
 
Total loans
receivable
 
90 days or
greater
delinquent
and accruing
(1)
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
35,322

 
522

 
10,538

 
46,382

 
2,788,351

 
2,834,733

 
—

Home equity loans
7,064

 
2,682

 
5,960

 
15,706

 
1,344,948

 
1,360,654

 
31

Vehicle loans
6,896

 
2,254

 
2,787

 
11,937

 
924,890

 
936,827

 
—

Consumer loans
3,251

 
809

 
960

 
5,020

 
244,892

 
249,912

 
—

Total Personal Banking
52,533

 
6,267

 
20,245

 
79,045

 
5,303,081

 
5,382,126

 
31

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
10,829

 
2,426

 
17,919

 
31,175

 
2,231,823

 
2,262,998

 
—

Commercial real estate loans - owner occupied
2,094

 
568

 
7,597

 
10,259

 
477,501

 
487,760

 
—

Commercial loans
7,548

 
315

 
16,860

 
24,723

 
679,267

 
703,990

 
—

Total Commercial Banking
20,471

 
3,309

 
42,376

 
66,157

 
3,388,591

 
3,454,748

 
—

Total loans
$
73,004

 
9,576

 
62,621

 
145,202

 
8,691,672

 
8,836,874

 
31



The following table provides information related to loan payment delinquencies at December 31, 2019 (in thousands): 
 
30-59 days
delinquent
 
60-89 days
delinquent
 
90 days or
greater
delinquent
 
Total
delinquency
 
Current
 
Total loans
receivable
 
90 days or
greater
delinquent
and accruing
(1)
Originated loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 
Residential mortgage loans
$
20,447

 
5,572

 
11,080

 
37,099

 
2,748,090

 
2,785,189

 
—

Home equity loans
5,119

 
2,096

 
4,573

 
11,788

 
1,088,136

 
1,100,023

 
—

Consumer loans
8,969

 
3,198

 
3,467

 
15,634

 
1,073,103

 
1,088,638

 
—

Total Personal Banking
34,535

 
10,866

 
19,120

 
64,521

 
4,909,329

 
4,973,850

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
5,598

 
1,387

 
17,959

 
24,944

 
2,324,104

 
2,349,048

 
—

Commercial loans
987

 
6,360

 
4,296

 
11,643

 
652,516

 
664,159

 
—

Total Commercial Banking
6,585

 
7,747

 
22,255

 
36,587

 
2,976,620

 
3,013,207

 
—

Total originated loans
41,120

 
18,613

 
41,375

 
101,108

 
7,885,949

 
7,987,057

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Personal Banking:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage loans
2,849

 
121

 
1,695

 
4,665

 
78,273

 
82,938

 
93

Home equity loans
1,350

 
309

 
1,115

 
2,774

 
240,630

 
243,404

 
53

Consumer loans
239

 
104

 
144

 
487

 
35,498

 
35,985

 
1

Total Personal Banking
4,438

 
534

 
2,954

 
7,926

 
354,401

 
362,327

 
147

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
2,323

 
303

 
7,055

 
9,681

 
395,661

 
405,342

 
—

Commercial loans
200

 
43

 
443

 
686

 
53,262

 
53,948

 
—

Total Commercial Banking
2,523

 
346

 
7,498

 
10,367

 
448,923

 
459,290

 
—

Total acquired loans
6,961

 
880

 
10,452

 
18,293

 
803,324

 
821,617

 
147

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
48,081

 
19,493

 
51,827

 
119,401

 
8,689,273

 
8,808,674

 
147


(1) Represents acquired loans that were originally recorded at fair value upon acquisition. These loans are considered to be accruing because we can reasonably estimate future cash flows and expect to fully collect the carrying value of these loans. Therefore, we are accreting the difference between the carrying value and their expected cash flows into interest income.
Schedule of credit quality indicators as of March 31, 2020 (in thousands): 
 
YTD March 31, 2020
 
2019
 
2018
 
2017
 
2016
 
Prior
 
Revolving Loans
 
Revolving loans converted to term loans
 
Total loans
receivable
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 

Residential mortgage loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
$
123,025

 
475,573

 
288,056

 
293,228

 
229,808

 
1,405,981

 
—

 
—

 
2,815,671

Substandard
—

 
—

 
108

 
564

 
216

 
18,174

 
—

 
—

 
19,062

Total residential mortgage loans
123,025

 
475,573

 
288,163

 
293,792

 
230,024

 
1,424,155

 
—

 
—

 
2,834,733

Home equity loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
62,841

 
221,783

 
111,767

 
103,107

 
97,444

 
262,224

 
456,600

 
36,305

 
1,352,071

Substandard
—

 
25

 
112

 
185

 
764

 
4,300

 
1,532

 
1,666

 
8,583

Total home equity loans
62,841

 
221,808

 
111,879

 
103,292

 
98,207

 
266,524

 
458,132

 
37,971

 
1,360,654

Vehicle loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
126,861

 
428,865

 
246,493

 
80,750

 
36,919

 
14,147

 
—

 
—

 
934,035

Substandard
—

 
783

 
702

 
723

 
318

 
266

 
—

 
—

 
2,792

Total vehicle loans
126,861

 
429,648

 
247,195

 
81,473

 
37,237

 
14,413

 
—

 
—

 
936,827

Consumer loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
25,967

 
96,581

 
29,891

 
13,869

 
5,552

 
5,559

 
68,590

 
2,942

 
248,951

Substandard
—

 
252

 
61

 
79

 
19

 
28

 
430

 
92

 
961

Total consumer loans
25,967

 
96,833

 
29,952

 
13,948

 
5,571

 
5,587

 
69,020

 
3,034

 
249,912

Total Personal Banking
338,694

 
1,223,862

 
677,189

 
492,505

 
371,039

 
1,710,679

 
527,152

 
41,005

 
5,382,126

Business Banking:
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 

Commercial real estate loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
72,226

 
303,571

 
260,769

 
276,681

 
197,330

 
767,889

 
228,723

 
5,952

 
2,113,142

Special Mention
105

 
2,063

 
7,209

 
35,698

 
6,297

 
8,888

 
4,989

 
801

 
66,051

Substandard
349

 
336

 
3,696

 
11,695

 
6,629

 
52,992

 
4,091

 
4,017

 
83,805

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loss
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total commercial real estate loans
72,680

 
305,971

 
271,674

 
324,074

 
210,256

 
829,769

 
237,803

 
10,770

 
2,262,998

Commercial real estate loans - owner occupied
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
2,615

 
65,489

 
93,389

 
79,888

 
45,873

 
121,067

 
11,180

 
3,440

 
422,940

Special Mention
—

 
1,337

 
1,230

 
2,682

 
1,417

 
3,535

 
26

 
30

 
10,258

Substandard
—

 
2,709

 
3,914

 
12,117

 
7,711

 
23,734

 
1,094

 
3,284

 
54,562

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loss
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total commercial real estate loans - owner occupied
2,615

 
69,535

 
98,533

 
94,686

 
55,001

 
148,336

 
12,300

 
6,754

 
487,760

Commercial loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
18,210

 
93,726

 
61,621

 
59,597

 
53,671

 
39,638

 
273,335

 
9,735

 
609,533

Special Mention
—

 
5,811

 
1,922

 
551

 
6,981

 
717

 
26,634

 
418

 
43,034

Substandard
373

 
1,174

 
7,216

 
1,573

 
795

 
2,734

 
27,552

 
10,006

 
51,423

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loss
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total commercial loans
18,583

 
100,711

 
70,759

 
61,721

 
61,446

 
43,089

 
327,521

 
20,159

 
703,990

Total Business Banking
93,878

 
476,217

 
440,965

 
480,482

 
326,703

 
1,021,194

 
577,624

 
37,683

 
3,454,748

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans
$
432,572

 
1,700,079

 
1,118,154

 
972,987

 
697,742

 
2,731,873

 
1,104,776

 
78,688

 
8,836,874

For the three months ended March 31, 2020, $4.7 million of revolving loans were converted to term loans.
The following table sets forth information about credit quality indicators as of December 31, 2019, prior to the adoption of ASU 2016-13 (in thousands):
 
Pass
 
Special
mention
 
Substandard
 
Doubtful
 
Loss
 
Total loans
receivable
Originated loans
 
 
 
 
 
 
 
 
 
 
 
Personal Banking:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage loans
$
2,776,971

 
—

 
8,218

 
—

 
—

 
2,785,189

Home equity loans
1,093,874

 
—

 
5,640

 
—

 
—

 
1,099,514

Consumer loans
1,084,986

 
—

 
4,161

 
—

 
—

 
1,089,147

Total Personal Banking
4,955,831

 
—

 
18,019

 
—

 
—

 
4,973,850

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
2,188,823

 
70,327

 
89,898

 
—

 
—

 
2,349,048

Commercial loans
571,011

 
42,352

 
50,796

 
—

 
—

 
664,159

Total Commercial Banking
2,759,834

 
112,679

 
140,694

 
—

 
—

 
3,013,207

Total originated loans
7,715,665

 
112,679

 
158,713

 
—

 
—

 
7,987,057

 
 
 
 
 
 
 
 
 
 
 
 
Acquired loans
 
 
 
 
 
 
 
 
 
 
 
Personal Banking:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage loans
81,611

 
—

 
1,327

 
—

 
—

 
82,938

Home equity loans
242,237

 
—

 
1,167

 
—

 
—

 
243,404

Consumer loans
35,746

 
—

 
239

 
—

 
—

 
35,985

Total Personal Banking
359,594

 
—

 
2,733

 
—

 
—

 
362,327

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Banking:
 

 
 

 
 

 
 

 
 

 
 

Commercial real estate loans
349,993

 
10,243

 
45,106

 
—

 
—

 
405,342

Commercial loans
45,972

 
28

 
7,948

 
—

 
—

 
53,948

Total Commercial Banking
395,965

 
10,271

 
53,054

 
—

 
—

 
459,290

Total acquired loans
755,559

 
10,271

 
55,787

 
—

 
—

 
821,617

 
 
 
 
 
 
 
 
 
 
 
 
Total loans
$
8,471,224

 
122,950

 
214,500

 
—

 
—

 
8,808,674
Schedule of information related to the outstanding principal balance and related carrying value of acquired loans The following table provides information related to the outstanding principal balance and related carrying value of acquired loans for the dates indicated (in thousands):
 
 
December 31, 2019
Acquired loans evaluated individually for future credit losses:
 
 
Outstanding principal balance
 
$
7,187

Carrying value
 
4,975

 
 
 
Acquired loans evaluated collectively for future credit losses:
 
 
Outstanding principal balance
 
826,412

Carrying value
 
816,642

 
 
 
Total acquired loans:
 
 
Outstanding principal balance
 
833,599

Carrying value
 
821,617
Schedule of the changes in the accretable discount
The following table provides information related to the changes in the accretable discount, which includes income recognized from contractual cash flows for the dates indicated prior to the adoption of ASU 2016-13 (in thousands):
 
Total
Balance at December 31, 2018
$
755

Accretion
(551
)
Net reclassification from nonaccretable yield
966

Balance at December 31, 2019
$
1,170