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Loans (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Summary of loans under portfolio A summary of the Corporation's loans follows:
(Dollars in thousands)
 
Originated
 
Acquired(1)
 
Total Loans
June 30, 2019
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
Commercial
 
$
3,752,528

 
$
595,357

 
$
4,347,885

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
1,528,802

 
495,759

 
2,024,561

Non-owner occupied
 
2,056,531

 
716,146

 
2,772,677

Vacant land
 
37,155

 
12,807

 
49,962

Total commercial real estate
 
3,622,488

 
1,224,712

 
4,847,200

Real estate construction and land development
 
671,773

 
28,997

 
700,770

Subtotal
 
8,046,789

 
1,849,066

 
9,895,855

Consumer loan portfolio:
 
 
 
 
 
 
Residential mortgage
 
2,722,019

 
944,594

 
3,666,613

Consumer installment
 
1,497,467

 
55,368

 
1,552,835

Home equity
 
604,835

 
141,765

 
746,600

Subtotal
 
4,824,321

 
1,141,727

 
5,966,048

Total loans(2)
 
$
12,871,110

 
$
2,990,793

 
$
15,861,903

December 31, 2018
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
Commercial
 
$
3,287,087

 
$
715,481

 
$
4,002,568

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
1,513,532

 
546,025

 
2,059,557

Non-owner occupied
 
1,966,330

 
818,690

 
2,785,020

Vacant land
 
40,295

 
27,215

 
67,510

Total commercial real estate
 
3,520,157

 
1,391,930

 
4,912,087

Real estate construction and land development
 
566,726

 
30,486

 
597,212

Subtotal
 
7,373,970

 
2,137,897

 
9,511,867

Consumer loan portfolio:
 
 
 
 
 
 
Residential mortgage
 
2,407,305

 
1,051,361

 
3,458,666

Consumer installment
 
1,451,352

 
69,722

 
1,521,074

Home equity
 
612,129

 
166,043

 
778,172

Subtotal
 
4,470,786

 
1,287,126

 
5,757,912

Total loans(2)
 
$
11,844,756

 
$
3,425,023

 
$
15,269,779


(1) 
Loans acquired in the Talmer, Lake Michigan, Monarch, Northwestern and OAK acquisitions were elected to be accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (ASC 310-30), by analogy.
(2) 
Reported net of deferred costs totaling $27.2 million and $19.7 million at June 30, 2019 and December 31, 2018, respectively.
Schedule of activity for accretable yield
Activity for the accretable yield, which includes contractually due expected cash flows for acquired loans that have been renewed or extended since the date of acquisition and continue to be accounted for in loan pools in accordance with ASC 310-30, follows:
(Dollars in thousands)
 
Talmer
 
Lake Michigan
 
Monarch
 
North-western
 
OAK
 
Total
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
469,713

 
$
68,995

 
$
16,967

 
$
38,644

 
$
8,345

 
$
602,664

Accretion recognized in interest income
 
(36,730
)
 
(5,291
)
 
(852
)
 
(3,214
)
 
(1,334
)
 
(47,421
)
Net reclassification (to) from nonaccretable difference(1)
 
730

 
409

 
750

 
745

 
913

 
3,547

Balance at end of period
 
$
433,713

 
$
64,113

 
$
16,865

 
$
36,175

 
$
7,924

 
$
558,790

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
685,830

 
$
90,156

 
$
21,154

 
$
55,400

 
$
16,158

 
$
868,698

Accretion recognized in interest income
 
(42,136
)
 
(6,302
)
 
(962
)
 
(4,618
)
 
(2,882
)
 
(56,900
)
Net reclassification (to) from nonaccretable difference(1)
 
(27,526
)
 
(3,412
)
 
(61
)
 
(1,051
)
 
1,016

 
(31,034
)
Balance at end of period
 
$
616,168

 
$
80,442

 
$
20,131

 
$
49,731

 
$
14,292

 
$
780,764

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2019
 
 
 
 
Balance at beginning of period
 
$
505,332

 
$
73,132

 
$
17,832

 
$
41,455

 
$
9,574

 
$
647,325

Accretion recognized in interest income
 
(74,761
)
 
(10,842
)
 
(1,626
)
 
(6,634
)
 
(2,703
)
 
(96,566
)
Net reclassification (to) from nonaccretable difference(1)
 
3,142

 
1,823

 
659

 
1,354

 
1,053

 
8,031

Balance at end of period
 
$
433,713

 
$
64,113

 
$
16,865

 
$
36,175

 
$
7,924

 
$
558,790

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
731,353

 
$
95,124

 
$
22,496

 
$
60,814

 
$
17,110

 
$
926,897

Accretion recognized in interest income
 
(84,776
)
 
(13,060
)
 
(2,118
)
 
(9,522
)
 
(5,985
)
 
(115,461
)
Net reclassification (to) from nonaccretable difference(1)
 
(30,409
)
 
(1,622
)
 
(247
)
 
(1,561
)
 
3,167

 
(30,672
)
Balance at end of period
 
$
616,168

 
$
80,442

 
$
20,131

 
$
49,731

 
$
14,292

 
$
780,764


(1) 
The net reclassification results from changes in expected cash flows of the acquired loans which may include increases in the amount of contractual principal and interest expected to be collected due to improvement in credit quality, increases in balances outstanding from advances, renewals, extensions and interest rates; as well as reductions in contractual principal and interest expected to be collected due to credit deterioration, payoffs, and decreases in interest rates.
Recorded investment of loans in the commercial loan portfolio by risk rating categories
The following schedule presents the recorded investment of loans in the commercial loan portfolio by credit risk categories at June 30, 2019 and December 31, 2018:
(Dollars in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
June 30, 2019
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
3,513,993

 
$
123,194

 
$
108,373

 
$
6,968

 
$
3,752,528

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
1,452,031

 
25,913

 
50,697

 
161

 
1,528,802

Non-owner occupied
 
2,023,577

 
5,516

 
27,433

 
5

 
2,056,531

Vacant land
 
35,546

 
96

 
1,513

 
—

 
37,155

Total commercial real estate
 
3,511,154

 
31,525

 
79,643

 
166

 
3,622,488

Real estate construction and land development
 
664,122

 
3,612

 
4,039

 
—

 
671,773

Subtotal
 
7,689,269

 
158,331

 
192,055

 
7,134

 
8,046,789

Acquired Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
505,823

 
62,253

 
25,512

 
1,769

 
595,357

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
462,266

 
18,226

 
14,835

 
432

 
495,759

Non-owner occupied
 
655,602

 
43,147

 
17,382

 
15

 
716,146

Vacant land
 
12,614

 
193

 
—

 
—

 
12,807

Total commercial real estate
 
1,130,482

 
61,566

 
32,217

 
447

 
1,224,712

Real estate construction and land development
 
28,715

 
42

 
240

 
—

 
28,997

Subtotal
 
1,665,020

 
123,861

 
57,969

 
2,216

 
1,849,066

Total
 
$
9,354,289

 
$
282,192

 
$
250,024

 
$
9,350

 
$
9,895,855

December 31, 2018
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
3,118,894

 
$
87,222

 
$
77,036

 
$
3,935

 
$
3,287,087

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
1,430,948

 
32,056

 
50,286

 
242

 
1,513,532

Non-owner occupied
 
1,901,822

 
39,416

 
25,092

 
—

 
1,966,330

Vacant land
 
36,499

 
—

 
3,741

 
55

 
40,295

Total commercial real estate
 
3,369,269

 
71,472

 
79,119

 
297

 
3,520,157

Real estate construction and land development
 
557,040

 
6,108

 
3,578

 
—

 
566,726

Subtotal
 
7,045,203

 
164,802

 
159,733

 
4,232

 
7,373,970

Acquired Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
655,883

 
36,809

 
22,773

 
16

 
715,481

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
500,072

 
28,909

 
17,033

 
11

 
546,025

Non-owner occupied
 
740,900

 
52,546

 
25,244

 
—

 
818,690

Vacant land
 
26,978

 
237

 
—

 
—

 
27,215

Total commercial real estate
 
1,267,950

 
81,692

 
42,277

 
11

 
1,391,930

Real estate construction and land development
 
29,248

 
97

 
1,141

 
—

 
30,486

Subtotal
 
1,953,081

 
118,598

 
66,191

 
27

 
2,137,897

Total
 
$
8,998,284

 
$
283,400

 
$
225,924

 
$
4,259

 
$
9,511,867
Recorded investment of loans in the consumer loan portfolio based on the credit risk profile of loans in a performing and nonperforming status
The following schedule presents the recorded investment of loans in the consumer loan portfolio based on loans in a performing status and loans in a nonperforming status at June 30, 2019 and December 31, 2018:
(Dollars in thousands)
 
Residential Mortgage
 
Consumer
Installment
 
Home Equity
 
Total
Consumer
June 30, 2019
 
 
 
 
 
 
 
 
Originated Loans:
 
 
 
 
 
 
 
 
Performing
 
$
2,714,383

 
$
1,496,056

 
$
601,348

 
$
4,811,787

Nonperforming
 
7,636

 
1,411

 
3,487

 
12,534

Subtotal
 
2,722,019

 
1,497,467

 
604,835

 
4,824,321

Acquired Loans
 
944,594

 
55,368

 
141,765

 
1,141,727

Total
 
$
3,666,613

 
$
1,552,835

 
$
746,600

 
$
5,966,048

December 31, 2018
 
 
 
 
 
 
 
 
Originated Loans:
 
 
 
 
 
 
 
 
Performing
 
$
2,399,317

 
$
1,450,076

 
$
608,525

 
$
4,457,918

Nonperforming
 
7,988

 
1,276

 
3,604

 
12,868

Subtotal
 
2,407,305

 
1,451,352

 
612,129

 
4,470,786

Acquired Loans
 
1,051,361

 
69,722

 
166,043

 
1,287,126

Total
 
$
3,458,666

 
$
1,521,074

 
$
778,172

 
$
5,757,912
Summary of nonperforming loans
A summary of nonperforming assets follows:
(Dollars in thousands)
 
June 30,
2019
 
December 31,
2018
Nonperforming assets
 
 
 
 
Nonaccrual loans:
 
 
 
 
Commercial
 
$
37,762

 
$
30,139

Commercial real estate:
 
 
 
 
Owner-occupied
 
20,814

 
16,056

Non-owner occupied
 
21,639

 
23,021

Vacant land
 
1,446

 
3,337

Total commercial real estate
 
43,899

 
42,414

Real estate construction and land development
 
3,501

 
12

Residential mortgage
 
7,636

 
7,988

Consumer installment
 
1,411

 
1,276

Home equity
 
3,487

 
3,604

Total nonaccrual loans
 
97,696

 
85,433

Other real estate owned and repossessed assets
 
8,267

 
6,256

Total nonperforming assets
 
$
105,963

 
$
91,689
Schedule representing the aging status of the recorded investment in loans by classes
Loan delinquency, excluding acquired loans accounted for under ASC 310-30, was as follows:
 
 
Loans Past Due and Still Accruing
 
 
 
 
 
 
(Dollars in thousands)
 
30-89
days
past due
 
90 days or more past due
 
Total past due
 
Nonaccrual Loans
 
Current
 
Total loans
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
19,158

 
$
146

 
$
19,304

 
$
37,762

 
$
3,695,462

 
$
3,752,528

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
3,368

 
—

 
3,368

 
20,814

 
1,504,620

 
1,528,802

Non-owner occupied
 
1,714

 
—

 
1,714

 
21,639

 
2,033,178

 
2,056,531

Vacant land
 
501

 
—

 
501

 
1,446

 
35,208

 
37,155

Total commercial real estate
 
5,583

 
—

 
5,583

 
43,899

 
3,573,006

 
3,622,488

Real estate construction and land development
 
538

 
—

 
538

 
3,501

 
667,734

 
671,773

Residential mortgage
 
6,183

 
—

 
6,183

 
7,636

 
2,708,200

 
2,722,019

Consumer installment
 
3,076

 
—

 
3,076

 
1,411

 
1,492,980

 
1,497,467

Home equity
 
2,557

 
—

 
2,557

 
3,487

 
598,791

 
604,835

Total
 
$
37,095

 
$
146

 
$
37,241

 
$
97,696

 
$
12,736,173

 
$
12,871,110

December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
16,835

 
$
—

 
$
16,835

 
$
30,139

 
$
3,240,113

 
$
3,287,087

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
4,657

 
52

 
4,709

 
16,056

 
1,492,767

 
1,513,532

Non-owner occupied
 
1,793

 
887

 
2,680

 
23,021

 
1,940,629

 
1,966,330

Vacant land
 
160

 
—

 
160

 
3,337

 
36,798

 
40,295

Total commercial real estate
 
6,610

 
939

 
7,549

 
42,414

 
3,470,194

 
3,520,157

Real estate construction and land development
 
247

 
—

 
247

 
12

 
566,467

 
566,726

Residential mortgage
 
1,688

 
—

 
1,688

 
7,988

 
2,397,629

 
2,407,305

Consumer installment
 
4,731

 
—

 
4,731

 
1,276

 
1,445,345

 
1,451,352

Home equity
 
3,843

 
488

 
4,331

 
3,604

 
604,194

 
612,129

Total
 
$
33,954

 
$
1,427

 
$
35,381

 
$
85,433

 
$
11,723,942

 
$
11,844,756
Schedule of Impaired loans by classes
The following schedules present impaired loans by classes of loans at June 30, 2019 and December 31, 2018:
(Dollars in thousands)
 
Recorded
investment
 
Unpaid
principal
balance
 
Related
valuation
allowance
June 30, 2019
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
Commercial
 
$
28,732

 
$
31,556

 
$
5,805

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
20,050

 
22,193

 
2,168

Non-owner occupied
 
18,080

 
19,966

 
1,366

Vacant land
 
786

 
1,003

 
59

Total commercial real estate
 
38,916

 
43,162

 
3,593

Real estate construction and land development
 
3,612

 
3,612

 
365

Residential mortgage
 
10,060

 
10,060

 
790

Consumer installment
 
1,594

 
1,594

 
109

Home equity
 
4,290

 
4,290

 
356

Subtotal
 
87,204

 
94,274

 
11,018

Impaired loans with no related valuation allowance:
 
 
 
 
 
 
Commercial
 
28,775

 
29,586

 
—

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
12,057

 
12,895

 
—

Non-owner occupied
 
7,827

 
8,339

 
—

Vacant land
 
776

 
1,704

 
—

Total commercial real estate
 
20,660

 
22,938

 
—

Real estate construction and land development
 
164

 
164

 
—

Residential mortgage
 
7,235

 
7,235

 
—

Consumer installment
 
7

 
7

 
—

Home equity
 
1,656

 
1,656

 
—

Subtotal
 
58,497

 
61,586

 
—

Total impaired loans:
 
 
 
 
 
 
Commercial
 
57,507

 
61,142

 
5,805

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
32,107

 
35,088

 
2,168

Non-owner occupied
 
25,907

 
28,305

 
1,366

Vacant land
 
1,562

 
2,707

 
59

Total commercial real estate
 
59,576

 
66,100

 
3,593

Real estate construction and land development
 
3,776

 
3,776

 
365

Residential mortgage
 
17,295

 
17,295

 
790

Consumer installment
 
1,601

 
1,601

 
109

Home equity
 
5,946

 
5,946

 
356

Total
 
$
145,701

 
$
155,860

 
$
11,018


(Dollars in thousands)
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Valuation
Allowance
December 31, 2018
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
Commercial
 
$
20,957

 
$
23,781

 
$
3,546

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
14,702

 
16,519

 
1,359

Non-owner occupied
 
16,833

 
17,452

 
462

Vacant land
 
1,008

 
1,208

 
96

Total commercial real estate
 
32,543

 
35,179

 
1,917

Real estate construction and land development
 
126

 
126

 
11

Residential mortgage
 
10,867

 
10,867

 
816

Consumer installment
 
1,126

 
1,126

 
186

Home equity
 
4,432

 
4,432

 
328

Subtotal
 
70,051

 
75,511

 
6,804

Impaired loans with no related valuation allowance:
 
 
 
 
 
 
Commercial
 
25,093

 
25,934

 
—

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
10,971

 
11,601

 
—

Non-owner occupied
 
12,412

 
13,411

 
—

Vacant land
 
2,825

 
3,911

 
—

Total commercial real estate
 
26,208

 
28,923

 
—

Real estate construction and land development
 
111

 
111

 
—

Residential mortgage
 
7,537

 
7,537

 
—

Consumer installment
 
377

 
377

 
—

Home equity
 
1,496

 
1,496

 
—

Subtotal
 
60,822

 
64,378

 
—

Total impaired loans:
 
 
 
 
 
 
Commercial
 
46,050

 
49,715

 
3,546

Commercial real estate:
 
 
 
 
 
 
Owner-occupied
 
25,673

 
28,120

 
1,359

Non-owner occupied
 
29,245

 
30,863

 
462

Vacant land
 
3,833

 
5,119

 
96

Total commercial real estate
 
58,751

 
64,102

 
1,917

Real estate construction and land development
 
237

 
237

 
11

Residential mortgage
 
18,404

 
18,404

 
816

Consumer installment
 
1,503

 
1,503

 
186

Home equity
 
5,928

 
5,928

 
328

Total
 
$
130,873

 
$
139,889

 
$
6,804
Schedule presents information related to impaired loans
The following schedule presents additional information regarding impaired loans by classes of loans segregated by those requiring a valuation allowance and those not requiring a valuation allowance for the three and six months ended June 30, 2019 and 2018, and the respective interest income amounts recognized:
 
 
Three Months Ended June 30, 2019
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2019
 
Six Months Ended June 30, 2018
(Dollars in thousands)
 
Average
recorded
investment
 
Interest income
recognized
while on
impaired status
 
Average
recorded
investment
 
Interest income
recognized
while on
impaired status
 
Average
recorded
investment
 
Interest income
recognized
while on
impaired status
 
Average
recorded
investment
 
Interest income
recognized
while on
impaired status
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
26,587

 
$
93

 
$
18,139

 
$
111

 
$
24,109

 
$
179

 
$
19,271

 
$
276

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
17,515

 
130

 
12,949

 
81

 
17,522

 
255

 
13,510

 
163

Non-owner occupied
 
9,050

 
9

 
2,246

 
10

 
11,055

 
54

 
3,058

 
21

Vacant land
 
788

 
2

 
1,308

 
17

 
896

 
10

 
2,502

 
32

Total commercial real estate
 
27,353

 
141

 
16,503

 
108

 
29,473

 
319

 
19,070

 
216

Real estate construction and land development
 
3,730

 
2

 
243

 
2

 
3,174

 
4

 
234

 
4

Residential mortgage
 
10,011

 
97

 
12,762

 
115

 
10,005

 
198

 
13,183

 
232

Consumer installment
 
1,250

 
2

 
1,067

 
2

 
1,213

 
4

 
986

 
3

Home equity
 
3,830

 
24

 
2,812

 
21

 
3,739

 
46

 
3,253

 
38

Subtotal
 
72,761

 
359

 
51,526

 
359

 
$
71,713

 
$
750

 
$
55,997

 
$
769

Impaired loans with no related valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
27,865

 
201

 
20,078

 
147

 
$
27,510

 
$
384

 
$
19,102

 
$
242

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
14,110

 
73

 
14,565

 
81

 
12,841

 
126

 
14,967

 
137

Non-owner occupied
 
16,677

 
58

 
9,539

 
38

 
16,073

 
105

 
8,349

 
103

Vacant land
 
1,140

 
—

 
3,440

 
—

 
1,787

 
—

 
2,604

 
—

Total commercial real estate
 
31,927

 
131

 
27,544

 
119

 
30,701

 
231

 
25,920

 
240

Real estate construction and land development
 
102

 
2

 
1,994

 
2

 
76

 
4

 
1,051

 
3

Residential mortgage
 
7,241

 
29

 
7,075

 
25

 
7,488

 
57

 
6,606

 
48

Consumer installment
 
36

 
—

 
41

 
—

 
226

 
—

 
91

 
—

Home equity
 
1,987

 
5

 
2,487

 
2

 
2,096

 
12

 
2,266

 
9

Subtotal
 
69,158


368


59,219


295


$
68,097

 
$
688

 
$
55,036

 
$
542

Total impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
54,452

 
294

 
38,217

 
258

 
$
51,619

 
$
563

 
$
38,373

 
$
518

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
31,625

 
203

 
27,514

 
162

 
30,363

 
381

 
28,477

 
300

Non-owner occupied
 
25,727

 
67

 
11,785

 
48

 
27,128

 
159

 
11,407

 
124

Vacant land
 
1,928

 
2

 
4,748

 
17

 
2,683

 
10

 
5,106

 
32

Total commercial real estate
 
59,280

 
272

 
44,047

 
227

 
60,174

 
550

 
44,990

 
456

Real estate construction and land development
 
3,832

 
4

 
2,237

 
4

 
3,250

 
8

 
1,285

 
7

Residential mortgage
 
17,252

 
126

 
19,837

 
140

 
17,493

 
255

 
19,789

 
280

Consumer installment
 
1,286

 
2

 
1,108

 
2

 
1,439

 
4

 
1,077

 
3

Home equity
 
5,817

 
29

 
5,299

 
23

 
5,835

 
58

 
5,519

 
47

Total
 
$
141,919

 
$
727

 
$
110,745


$
654


$
139,810

 
$
1,438

 
$
111,033

 
$
1,311
Schedule providing information on TDRs
The following tables present the recorded investment of loans modified into TDRs during the three and six months ended June 30, 2019 and 2018 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 type
 
 
 
 
 
 
(Dollars in thousands)
Principal
deferral
 
Principal
reduction
 
Interest
rate
 
Forbearance
agreement
 
Total
number
of loans
 
Pre-modification recorded investment
 
Post-modification recorded investment
For the three months ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
14

 
$
12

 
$
426

 
$
3,351

 
13

 
$
3,818

 
$
3,803

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
156

 
—

 
268

 
—

 
4

 
436

 
424

Non-owner occupied
—

 
—

 
140

 
—

 
1

 
154

 
140

Vacant land
—

 
—

 
—

 
244

 
1

 
269

 
244

Total commercial real estate
156

 
—

 
408

 
244

 
6

 
859

 
808

Total commercial
170

 
12

 
834

 
3,595

 
19

 
4,677

 
4,611

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
81

 
—

 
330

 
—

 
4

 
422

 
411

Consumer installment
15

 
39

 
13

 
—

 
6

 
70

 
67

Home equity
167

 
19

 
168

 
—

 
8

 
371

 
354

Total consumer
263

 
58

 
511

 
—

 
18

 
863

 
832

Total loans
$
433

 
$
70

 
$
1,345

 
$
3,595

 
37

 
$
5,540

 
$
5,443

For the six months ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
388

 
$
12

 
$
867

 
$
6,892

 
24

 
$
8,386

 
$
8,159

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
2,863

 
103

 
297

 
1,360

 
9

 
4,649

 
4,623

Non-owner occupied
—

 
—

 
140

 
—

 
1

 
154

 
140

Vacant land
22

 
—

 
—

 
244

 
2

 
293

 
266

Total commercial real estate
2,885

 
103

 
437

 
1,604

 
12

 
5,096

 
5,029

 Total Commercial
3,273

 
115

 
1,304

 
8,496

 
36

 
13,482

 
13,188

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
248

 
75

 
330

 
—

 
6

 
679

 
653

Consumer installment
61

 
65

 
13

 
—

 
17

 
149

 
139

Home equity
275

 
19

 
168

 
—

 
11

 
482

 
462

Total Consumer
584

 
159

 
511

 
—

 
34

 
1,310

 
1,254

Total loans
$
3,857

 
$
274

 
$
1,815

 
$
8,496

 
70

 
$
14,792

 
$
14,442

 
 
 
 
 
 
 
 
 
Concession type
 
 
 
 
 
 
(Dollars in thousands)
Principal
deferral
 
Principal
reduction
 
Interest
rate
 
Forbearance
agreement
 
Total
number
of loans
 
Pre-modification recorded investment
 
Post-modification recorded investment
For the three months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
740

 
$
—

 
$
218

 
$
—

 
13

 
$
969

 
$
958

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
370

 
—

 
162

 
31

 
6

 
575

 
563

Total commercial real estate
370

 
—

 
162

 
31

 
6

 
575

 
563

Total commercial
1,110

 
—

 
380

 
31

 
19

 
1,544

 
1,521

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
131

 
40

 
39

 
—

 
3

 
215

 
210

Consumer installment
15

 
44

 
10

 
—

 
9

 
72

 
69

Home equity
81

 
—

 
87

 
—

 
4

 
171

 
168

Total consumer
227

 
84

 
136

 
—

 
16

 
458

 
447

Total loans
$
1,337

 
$
84

 
$
516

 
$
31

 
35

 
$
2,002

 
$
1,968

For the six months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
1,643

 
$
—

 
$
1,283

 
$
261

 
31

 
$
3,204

 
$
3,187

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
370

 
—

 
888

 
513

 
8

 
1,783

 
1,771

Non-owner occupied
68

 
—

 
—

 
—

 
1

 
74

 
68

Total commercial real estate
438

 
—

 
888

 
513

 
9

 
1,857

 
1,839

Total Commercial
2,081

 
—

 
2,171

 
774

 
40

 
5,061

 
5,026

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
269

 
40

 
39

 
—

 
7

 
357

 
348

Consumer installment
86

 
67

 
38

 
—

 
25

 
200

 
191

Home equity
266

 
—

 
115

 
—

 
9

 
424

 
381

Total Consumer
621

 
107

 
192

 
—

 
41

 
981

 
920

Total loans
$
2,702

 
$
107

 
$
2,363

 
$
774

 
81

 
$
6,042

 
$
5,946

    
The following schedule presents the Corporation's TDRs at June 30, 2019 and December 31, 2018:

(Dollars in thousands)
 
Accruing TDRs
 
Nonaccrual TDRs
 
Total
June 30, 2019
 
 
 
 
 
 
Commercial loan portfolio
 
$
35,549

 
$
26,526

 
$
62,075

Consumer loan portfolio
 
12,304

 
3,397

 
15,701

Total
 
$
47,853

 
$
29,923

 
$
77,776

December 31, 2018
 
 
 
 
 
 
Commercial loan portfolio
 
$
32,508

 
$
24,343

 
$
56,851

Consumer loan portfolio
 
13,072

 
3,732

 
16,804

Total
 
$
45,580

 
$
28,075

 
$
73,655
Troubled debt restructurings on financing receivables with defaults payment
The following schedule includes TDRs for which there was a payment default during the three and six months ended June 30, 2019 and 2018, whereby the borrower was past due with respect to principal and/or interest for 90 days or more, and the loan became a TDR during the twelve-month period prior to the default:
 
 
For The Three Months Ended June 30,
 
2019
 
2018
(Dollars in thousands)
 
Number of loans
 
Principal balance
 
Number of loans
 
Principal balance
Commercial loan portfolio
 
—

 
$
—

 
2

 
$
67

Consumer loan portfolio
 
2

 
29

 
7

 
42

Total
 
2

 
$
29

 
9

 
$
109


 
 
For The Six Months Ended June 30,
 
2019
 
2018
(Dollars in thousands)
 
Number of loans
 
Principal balance
 
Number of loans
 
Principal balance
Commercial loan portfolio
 
—

 
$
—

 
3

 
$
149

Consumer loan portfolio
 
2

 
29

 
8

 
45

Total
 
2

 
$
29

 
11

 
$
194
Schedule of allowance and recorded investment related to financing receivables segregated by portfolio segment
The following schedule presents, by loan portfolio segment, the changes in the allowance for the originated loan portfolio for the three and six months ended June 30, 2019 and 2018.
(Dollars in thousands)
 
Commercial
Loan
Portfolio
 
Consumer
Loan
Portfolio
 
Total
Originated Loan Portfolio
 
 
 
 
 
 
Changes in allowance for loan losses for the three months ended June 30, 2019:
Beginning balance
 
$
84,010

 
$
26,274

 
$
110,284

Provision for loan losses
 
4,848

 
2,654

 
7,502

Charge-offs
 
(2,013
)
 
(1,611
)
 
(3,624
)
Recoveries
 
1,055

 
750

 
1,805

Ending balance
 
$
87,900

 
$
28,067

 
$
115,967

Changes in allowance for loan losses for the six months ended June 30, 2019:
Beginning balance
 
$
82,759

 
$
26,805

 
$
109,564

Provision for loan losses
 
6,712

 
3,269

 
9,981

Charge-offs
 
(3,447
)
 
(3,382
)
 
(6,829
)
Recoveries
 
1,876

 
1,375

 
3,251

Ending balance
 
$
87,900

 
$
28,067

 
$
115,967

Changes in allowance for loan losses for the three months ended June 30, 2018:
Beginning balance
 
$
67,744

 
$
27,018

 
$
94,762

Provision for loan losses
 
7,923

 
1,649

 
9,572

Charge-offs
 
(3,890
)
 
(1,836
)
 
(5,726
)
Recoveries
 
888

 
519

 
1,407

Ending balance
 
$
72,665

 
$
27,350

 
$
100,015

Changes in allowance for loan losses for the six months ended June 30, 2018:
Beginning balance
 
$
66,133

 
$
25,754

 
$
91,887

Provision for loan losses
 
11,323

 
4,505

 
15,828

Charge-offs
 
(6,484
)
 
(4,066
)
 
(10,550
)
Recoveries
 
1,693

 
1,157

 
2,850

Ending balance
 
$
72,665

 
$
27,350

 
$
100,015

        
The following schedule presents, by loan portfolio, the changes in the allowance for the acquired loan portfolio.
(Dollars in thousands)
 
Commercial
Loan
Portfolio
 
Consumer
Loan
Portfolio
 
Total
Acquired Loan Portfolio
 
 
 
 
 
 
Changes in allowance for loan losses for the three months ended June 30, 2019:
Beginning balance
 
$
—

 
$
—

 
$
—

Provision for loan losses
 
—

 
—

 
—

Charge-offs
 
—

 
—

 
—

Recoveries
 
—

 
—

 
—

Ending balance
 
$
—

 
$
—

 
$
—

Changes in allowance for loan losses for the six months ended June 30, 2019:
Beginning balance
 
$
420

 
$
—

 
$
420

Provision for loan losses
 
(420
)
 
—

 
(420
)
Charge-offs
 
—

 
—

 
—

Recoveries
 
—

 
—

 
—

Ending balance
 
$
—

 
$
—

 
$
—

    
The following schedule presents by loan portfolio segment, details regarding the balance in the allowance and the recorded investment in loans at June 30, 2019 and December 31, 2018 by impairment evaluation method.
(Dollars in thousands)
 
Commercial
Loan
Portfolio
 
Consumer
Loan
Portfolio
 
Total
Allowance for loan losses balance at June 30, 2019 attributable to:
Loans individually evaluated for impairment
 
$
9,763

 
$
1,255

 
$
11,018

Loans collectively evaluated for impairment
 
78,137

 
26,812

 
104,949

Loans accounted for under ASC 310-30
 
—

 
—

 
—

Total
 
$
87,900

 
$
28,067

 
$
115,967

Recorded investment (loan balance) at June 30, 2019:
Loans individually evaluated for impairment
 
$
120,859

 
$
24,842

 
$
145,701

Loans collectively evaluated for impairment
 
7,925,930

 
4,799,479

 
12,725,409

Loans accounted for under ASC 310-30
 
1,849,066

 
1,141,727

 
2,990,793

Total
 
$
9,895,855

 
$
5,966,048

 
$
15,861,903

(Dollars in thousands)
 
Commercial
Loan
Portfolio
 
Consumer
Loan
Portfolio
 
Total
Allowance for loan losses balance at December 31, 2018 attributable to:
 
 
Loans individually evaluated for impairment
 
$
5,474

 
$
1,330

 
$
6,804

Loans collectively evaluated for impairment
 
77,285

 
25,475

 
102,760

Loans acquired with deteriorated credit quality
 
420

 
—

 
420

Total
 
$
83,179

 
$
26,805

 
$
109,984

Recorded investment (loan balance) at December 31, 2018:
 
 
Loans individually evaluated for impairment
 
$
105,038

 
$
25,835

 
$
130,873

Loans collectively evaluated for impairment
 
7,268,932

 
4,444,951

 
11,713,883

Loans acquired with deteriorated credit quality
 
2,137,897

 
1,287,126

 
3,425,023

Total
 
$
9,511,867

 
$
5,757,912

 
$
15,269,779