XML 38 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Loans (Tables)
 9 Months Ended
Sep. 30, 2020
Loans [Abstract]  
Analysis of Allowance for Loan Losses by Portfolio Segment
An analysis of the allowance for loan losses by portfolio segment for the three months ended September 30, follows:

  
Commercial
    
Mortgage
    
Installment
    
Subjective
Allocation
    
Total
  
   
(In thousands)
  
2020
                              
Balance at beginning of period
  
$
8,731
    
$
7,261
    
$
1,217
    
$
17,291
    
$
34,500
  
Additions (deductions)
                                        
Provision for loan losses
    
(875
)
    
(257
)
    
18
      
2,089
      
975
  
Recoveries credited to the allowance
    
297
      
157
      
196
      
-
      
650
  
Loans charged against the allowance
    
-
      
(162
)
    
(192
)
    
-
      
(354
)
Balance at end of period
  
$
8,153
    
$
6,999
    
$
1,239
    
$
19,380
    
$
35,771
  
                                         
2019
                                        
Balance at beginning of period
  
$
8,121
    
$
8,062
    
$
1,293
    
$
8,427
    
$
25,903
  
Additions (deductions)
                                        
Provision for loan losses
    
(810
)
    
83
      
289
      
167
      
(271
)
Recoveries credited to the allowance
    
1,215
      
235
      
202
      
-
      
1,652
  
Loans charged against the allowance
    
(303
)
    
(397
)
    
(436
)
    
-
      
(1,136
)
Balance at end of period
  
$
8,223
    
$
7,983
    
$
1,348
    
$
8,594
    
$
26,148
  

An analysis of the allowance for loan losses by portfolio segment for the nine months ended September 30, follows:

 
  
Commercial
    
Mortgage
    
Installment
    
Subjective
Allocation
    
Total
  
 
  
(In thousands)
  
2020
                              
Balance at beginning of period
  
$
7,922
    
$
8,216
    
$
1,283
    
$
8,727
    
$
26,148
  
Additions (deductions)
                                        
Provision for loan losses
    
2,804
      
(895
)
    
322
      
10,653
      
12,884
  
Recoveries credited to the allowance
    
1,463
      
364
      
577
      
-
      
2,404
  
Loans charged against the allowance
    
(4,036
)
    
(686
)
    
(943
)
    
-
      
(5,665
)
Balance at end of period
  
$
8,153
    
$
6,999
    
$
1,239
    
$
19,380
    
$
35,771
  
 
                                        
2019
                                        
Balance at beginning of period
  
$
7,090
    
$
7,978
    
$
895
    
$
8,925
    
$
24,888
  
Additions (deductions)
                                        
Provision for loan losses
    
85
      
270
      
1,021
      
(331
)
    
1,045
  
Recoveries credited to the allowance
    
1,720
      
786
      
603
      
-
      
3,109
  
Loans charged against the allowance
    
(672
)
    
(1,051
)
    
(1,171
)
    
-
      
(2,894
)
Balance at end of period
  
$
8,223
    
$
7,983
    
$
1,348
    
$
8,594
    
$
26,148
  
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment
Allowance for loan losses and recorded investment in loans by portfolio segment follows:

  
Commercial
    
Mortgage
    
Installment
    
Subjective
Allocation
    
Total
  
   
(In thousands)
  
September 30, 2020
                              
Allowance for loan losses:
                              
Individually evaluated for impairment
  
$
1,699
    
$
4,174
    
$
265
    
$
-
    
$
6,138
  
Collectively evaluated for impairment
    
6,454
      
2,825
      
974
      
19,380
      
29,633
  
Loans acquired with deteriorated credit quality
    
-
      
-
      
-
      
-
      
-
  
Total ending allowance for loan losses balance
  
$
8,153
    
$
6,999
    
$
1,239
    
$
19,380
    
$
35,771
  
                                         
Loans
                                        
Individually evaluated for impairment
  
$
10,543
    
$
40,573
    
$
2,404
            
$
53,520
  
Collectively evaluated for impairment
    
1,343,763
      
987,300
      
478,281
              
2,809,344
  
Loans acquired with deteriorated credit quality
    
906
      
560
      
143
              
1,609
  
Total loans recorded investment
    
1,355,212
      
1,028,433
      
480,828
              
2,864,473
  
Accrued interest included in recorded investment
    
3,422
      
4,397
      
1,175
              
8,994
  
Total loans
  
$
1,351,790
    
$
1,024,036
    
$
479,653
            
$
2,855,479
  
                                         
December 31, 2019
                                        
Allowance for loan losses:
                                        
Individually evaluated for impairment
  
$
1,031
    
$
4,863
    
$
261
    
$
-
    
$
6,155
  
Collectively evaluated for impairment
    
6,891
      
3,353
      
1,022
      
8,727
      
19,993
  
Loans acquired with deteriorated credit quality
    
-
      
-
      
-
      
-
      
-
  
Total ending allowance for loan losses balance
  
$
7,922
    
$
8,216
    
$
1,283
    
$
8,727
    
$
26,148
  
                                         
Loans
                                        
Individually evaluated for impairment
  
$
9,393
    
$
43,574
    
$
2,925
            
$
55,892
  
Collectively evaluated for impairment
    
1,158,906
      
1,058,917
      
457,370
              
2,675,193
  
Loans acquired with deteriorated credit quality
    
1,394
      
575
      
316
              
2,285
  
Total loans recorded investment
    
1,169,693
      
1,103,066
      
460,611
              
2,733,370
  
Accrued interest included in recorded investment
    
2,998
      
4,155
      
1,194
              
8,347
  
Total loans
  
$
1,166,695
    
$
1,098,911
    
$
459,417
            
$
2,725,023
  
Loans on Non-Accrual Status and Past Due More than 90 Days
Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow(1):

  
90+ and
Still
Accruing
    
Non-
Accrual
    
Total Non-
Performing
Loans
  
   
(In thousands)
  
September 30, 2020
                  
Commercial
                  
Commercial and industrial (2)
  
$
266
    
$
1,615
    
$
1,881
  
Commercial real estate
    
-
      
554
      
554
  
Mortgage
                        
1-4 family owner occupied - jumbo
    
-
      
1,207
      
1,207
  
1-4 family owner occupied - non-jumbo (3)
    
-
      
2,364
      
2,364
  
1-4 family non-owner occupied
    
-
      
1,304
      
1,304
  
1-4 family - 2nd lien
    
-
      
1,548
      
1,548
  
Resort lending
    
-
      
699
      
699
  
Installment
                        
Boat lending
    
-
      
206
      
206
  
Recreational vehicle lending
    
-
      
96
      
96
  
Other
    
-
      
378
      
378
  
Total recorded investment
  
$
266
    
$
9,971
    
$
10,237
  
Accrued interest included in recorded investment
  
$
-
    
$
-
    
$
-
  
                         
December 31, 2019
                        
Commercial
                        
Commercial and industrial (2)
  
$
-
    
$
565
    
$
565
  
Commercial real estate
    
-
      
735
      
735
  
Mortgage
                        
1-4 family owner occupied - jumbo
    
-
      
1,179
      
1,179
  
1-4 family owner occupied - non-jumbo (3)
    
-
      
3,540
      
3,540
  
1-4 family non-owner occupied
    
-
      
1,039
      
1,039
  
1-4 family - 2nd lien
    
-
      
979
      
979
  
Resort lending
    
-
      
690
      
690
  
Installment
                        
Boat lending
    
-
      
332
      
332
  
Recreational vehicle lending
    
-
      
3
      
3
  
Other
    
-
      
470
      
470
  
Total recorded investment
  
$
-
    
$
9,532
    
$
9,532
  
Accrued interest included in recorded investment
  
$
-
    
$
-
    
$
-
  

(1)
Non-performing loans exclude purchase credit impaired loans.
(2)
Non-performing commercial and industrial loans exclude $0.052 million and $0.077 million of government guaranteed loans at September 30, 2020 and December 31, 2019, respectively.
(3)
Non-performing 1-4 family owner occupied – non jumbo loans exclude $0.458 million and $0.569 million of government guaranteed loans at September 30, 2020 and December 31, 2019, respectively.
Aging Analysis of Loans by Class
An aging analysis of loans by class follows:

  
Loans Past Due
    
Loans not
    
Total
  
   
30-59 days
    
60-89 days
    
90+ days
    
Total
    
Past Due
    
Loans
  
   
(In thousands)
  
September 30, 2020
                                    
Commercial
                                    
Commercial and industrial
  
$
-
    
$
-
    
$
495
    
$
495
    
$
763,757
    
$
764,252
  
Commercial real estate
    
130
      
-
      
-
      
130
      
590,830
      
590,960
  
Mortgage
                                                
1-4 family owner occupied - jumbo
    
1,312
      
-
      
632
      
1,944
      
437,294
      
439,238
  
1-4 family owner occupied - non-jumbo
    
1,053
      
372
      
610
      
2,035
      
247,086
      
249,121
  
1-4 family non-owner occupied
    
1,336
      
60
      
367
      
1,763
      
177,101
      
178,864
  
1-4 family - 2nd lien
    
472
      
251
      
545
      
1,268
      
99,427
      
100,695
  
Resort lending
    
273
      
443
      
391
      
1,107
      
59,408
      
60,515
  
Installment
                                                
Boat lending
    
213
      
38
      
132
      
383
      
211,353
      
211,736
  
Recreational vehicle lending
    
364
      
19
      
58
      
441
      
168,211
      
168,652
  
Other
    
281
      
166
      
225
      
672
      
99,768
      
100,440
  
Total recorded investment
  
$
5,434
    
$
1,349
    
$
3,455
    
$
10,238
    
$
2,854,235
    
$
2,864,473
  
Accrued interest included in recorded investment
  
$
102
    
$
17
    
$
-
    
$
119
    
$
8,875
    
$
8,994
  
                                                 
December 31, 2019
                                                
Commercial
                                                
Commercial and industrial
  
$
-
    
$
289
    
$
102
    
$
391
    
$
564,480
    
$
564,871
  
Commercial real estate
    
177
      
-
      
735
      
912
      
603,910
      
604,822
  
Mortgage
                                                
1-4 family owner occupied - jumbo
    
1,757
      
1,037
      
-
      
2,794
      
398,759
      
401,553
  
1-4 family owner occupied - non-jumbo
    
2,672
      
852
      
1,387
      
4,911
      
342,349
      
347,260
  
1-4 family non-owner occupied
    
695
      
136
      
623
      
1,454
      
168,083
      
169,537
  
1-4 family - 2nd lien
    
909
      
90
      
386
      
1,385
      
115,157
      
116,542
  
Resort lending
    
364
      
53
      
565
      
982
      
67,192
      
68,174
  
Installment
                                                
Boat lending
    
337
      
107
      
88
      
532
      
202,750
      
203,282
  
Recreational vehicle lending
    
161
      
97
      
3
      
261
      
153,184
      
153,445
  
Other
    
377
      
275
      
202
      
854
      
103,030
      
103,884
  
Total recorded investment
  
$
7,449
    
$
2,936
    
$
4,091
    
$
14,476
    
$
2,718,894
    
$
2,733,370
  
Accrued interest included in recorded investment
  
$
74
    
$
34
    
$
-
    
$
108
    
$
8,239
    
$
8,347
  
Impaired Loans
Impaired loans are as follows:

  
September 30,
2020
    
December 31,
2019
  
Impaired loans with no allocated allowance for loan losses
  
(In thousands)
  
Troubled debt restructurings ("TDR")
  
$
336
    
$
337
  
Non - TDR
    
1,562
      
1,550
  
Impaired loans with an allocated allowance for loan losses
                
TDR - allowance based on collateral
    
9,412
      
1,587
  
TDR - allowance based on present value cash flow
    
38,934
      
48,798
  
Non - TDR - allowance based on collateral
    
2,963
      
3,365
  
Total impaired loans
  
$
53,207
    
$
55,637
  
                 
Amount of allowance for loan losses allocated
                
TDR - allowance based on collateral
  
$
1,104
    
$
542
  
TDR - allowance based on present value cash flow
    
3,838
      
4,641
  
Non - TDR - allowance based on collateral
    
1,196
      
972
  
Total amount of allowance for loan losses allocated
  
$
6,138
    
$
6,155
  

Impaired loans by class  are as follows:

  
September 30, 2020
    
December 31, 2019
  
   
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
For Loan
Losses
    
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
For Loan
Losses
  
With no related allowance for loan losses recorded:
  
(In thousands)
        
Commercial
                                    
Commercial and industrial
  
$
122
    
$
124
    
$
-
    
$
257
    
$
257
    
$
-
  
Commercial real estate
    
-
      
-
      
-
      
796
      
796
      
-
  
Mortgage
                                                
1-4 family owner occupied - jumbo
    
632
      
632
      
-
      
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
237
      
314
      
-
      
212
      
217
      
-
  
1-4 family non-owner occupied
    
311
      
475
      
-
      
214
      
366
      
-
  
1-4 family - 2nd lien
    
442
      
442
      
-
      
407
      
438
      
-
  
Resort lending
    
154
      
379
      
-
      
-
      
-
      
-
  
Installment
                                                
Boat lending
    
-
      
-
      
-
      
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
      
-
      
-
      
-
  
Other
    
-
      
-
      
-
      
1
      
41
      
-
  
     
1,898
      
2,366
      
-
      
1,887
      
2,115
      
-
  
With an allowance for loan losses recorded:
                                                
Commercial
                                                
Commercial and industrial
    
2,452
      
2,572
      
855
      
1,655
      
1,706
      
453
  
Commercial real estate
    
7,969
      
7,980
      
844
      
6,685
      
6,661
      
578
  
Mortgage
                                                
1-4 family owner occupied - jumbo
    
1,091
      
1,458
      
126
      
1,447
      
1,445
      
91
  
1-4 family owner occupied - non-jumbo
    
21,805
      
22,414
      
2,300
      
10,163
      
10,695
      
1,031
  
1-4 family non-owner occupied
    
4,473
      
4,810
      
470
      
4,962
      
5,542
      
572
  
1-4 family - 2nd lien
    
620
      
629
      
133
      
14,059
      
15,243
      
1,695
  
Resort lending
    
10,808
      
10,972
      
1,145
      
12,110
      
12,263
      
1,474
  
Installment
                                                
Boat lending
    
139
      
172
      
49
      
-
      
-
      
-
  
Recreational vehicle lending
    
101
      
114
      
23
      
-
      
-
      
-
  
Other
    
2,164
      
2,295
      
193
      
2,924
      
3,153
      
261
  
     
51,622
      
53,416
      
6,138
      
54,005
      
56,708
      
6,155
  
Total
                                                
Commercial
                                                
Commercial and industrial
    
2,574
      
2,696
      
855
      
1,912
      
1,963
      
453
  
Commercial real estate
    
7,969
      
7,980
      
844
      
7,481
      
7,457
      
578
  
Mortgage
                                                
1-4 family owner occupied - jumbo
    
1,723
      
2,090
      
126
      
1,447
      
1,445
      
91
  
1-4 family owner occupied - non-jumbo
    
22,042
      
22,728
      
2,300
      
10,375
      
10,912
      
1,031
  
1-4 family non-owner occupied
    
4,784
      
5,285
      
470
      
5,176
      
5,908
      
572
  
1-4 family - 2nd lien
    
1,062
      
1,071
      
133
      
14,466
      
15,681
      
1,695
  
Resort lending
    
10,962
      
11,351
      
1,145
      
12,110
      
12,263
      
1,474
  
Installment
                                                
Boat lending
    
139
      
172
      
49
      
-
      
-
      
-
  
Recreational vehicle lending
    
101
      
114
      
23
      
-
      
-
      
-
  
Other
    
2,164
      
2,295
      
193
      
2,925
      
3,194
      
261
  
Total
  
$
53,520
    
$
55,782
    
$
6,138
    
$
55,892
    
$
58,823
    
$
6,155
  
                                                 
Accrued interest included in recorded investment
  
$
313
                    
$
255
                  
Average Recorded Investment in and Interest Income Earned on Impaired Loans by Class
Average recorded investment in and interest income earned on impaired loans by class for the three month periods ending September 30, follows:

  
2020
    
2019
  
   
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance for loan losses recorded:
  
(In thousands)
  
Commercial
                        
Commercial and industrial
  
$
103
    
$
2
    
$
-
    
$
-
  
Commercial real estate
    
-
      
-
      
327
      
5
  
Mortgage
                                
1-4 family owner occupied - jumbo
    
632
      
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
331
      
-
      
352
      
1
  
1-4 family non-owner occupied
    
316
      
2
      
200
      
6
  
1-4 family - 2nd lien
    
403
      
-
      
-
      
-
  
Resort lending
    
77
      
-
      
-
      
-
  
Installment
                                
Boat lending
    
-
      
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
      
-
  
Other
    
-
      
-
      
-
      
1
  
     
1,862
      
4
      
879
      
13
  
With an allowance for loan losses recorded:
                                
Commercial
                                
Commercial and industrial
    
2,431
      
38
      
1,534
      
16
  
Commercial real estate
    
12,195
      
130
      
6,069
      
71
  
Mortgage
                                
1-4 family owner occupied - jumbo
    
808
      
11
      
1,003
      
9
  
1-4 family owner occupied - non-jumbo
    
22,070
      
277
      
23,674
      
336
  
1-4 family non-owner occupied
    
4,708
      
52
      
5,447
      
76
  
1-4 family - 2nd lien
    
598
      
3
      
601
      
8
  
Resort lending
    
11,186
      
125
      
12,067
      
171
  
Installment
                                
Boat lending
    
106
      
-
      
86
      
2
  
Recreational vehicle lending
    
96
      
1
      
50
      
1
  
Other
    
2,324
      
33
      
3,105
      
50
  
     
56,522
      
670
      
53,636
      
740
  
Total
                                
Commercial
                                
Commercial and industrial
    
2,534
      
40
      
1,534
      
16
  
Commercial real estate
    
12,195
      
130
      
6,396
      
76
  
Mortgage
                                
1-4 family owner occupied - jumbo
    
1,440
      
11
      
1,003
      
9
  
1-4 family owner occupied - non-jumbo
    
22,401
      
277
      
24,026
      
337
  
1-4 family non-owner occupied
    
5,024
      
54
      
5,647
      
82
  
1-4 family - 2nd lien
    
1,001
      
3
      
601
      
8
  
Resort lending
    
11,263
      
125
      
12,067
      
171
  
Installment
                                
Boat lending
    
106
      
-
      
86
      
2
  
Recreational vehicle lending
    
96
      
1
      
50
      
1
  
Other
    
2,324
      
33
      
3,105
      
51
  
Total
  
$
58,384
    
$
674
    
$
54,515
    
$
753
  

Average recorded investment in and interest income earned on impaired loans by class for the nine month periods ending September 30, follows:

 
  
2020
    
2019
  
 
  
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance for loan losses recorded:
  
(In thousands)
  
Commercial
                        
Commercial and industrial
  
$
137
    
$
4
    
$
-
    
$
-
  
Commercial real estate
    
199
      
-
      
164
      
5
  
Mortgage
                                
1-4 family owner occupied - jumbo
    
316
      
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
353
      
4
      
265
      
3
  
1-4 family non-owner occupied
    
309
      
5
      
100
      
6
  
1-4 family - 2nd lien
    
399
      
-
      
-
      
-
  
Resort lending
    
77
      
-
      
-
      
-
  
Installment
                                
Boat lending
    
-
      
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
      
-
  
Other
    
-
      
-
      
-
      
1
  
 
    
1,790
      
13
      
529
      
15
  
With an allowance for loan losses recorded:
                                
Commercial
                                
Commercial and industrial
    
2,231
      
105
      
2,406
      
52
  
Commercial real estate
    
11,657
      
641
      
5,552
      
221
  
Mortgage
                                
1-4 family owner occupied - jumbo
    
1,228
      
39
      
1,248
      
26
  
1-4 family owner occupied - non-jumbo
    
19,116
      
901
      
24,110
      
1,031
  
1-4 family non-owner occupied
    
4,746
      
170
      
6,040
      
227
  
1-4 family - 2nd lien
    
4,017
      
9
      
479
      
14
  
Resort lending
    
11,506
      
358
      
12,607
      
493
  
Installment
                                
Boat lending
    
72
      
-
      
68
      
2
  
Recreational vehicle lending
    
80
      
2
      
65
      
2
  
Other
    
2,545
      
109
      
3,211
      
145
  
 
    
57,198
      
2,334
      
55,786
      
2,213
  
Total
                                
Commercial
                                
Commercial and industrial
    
2,368
      
109
      
2,406
      
52
  
Commercial real estate
    
11,856
      
641
      
5,716
      
226
  
Mortgage
                                
1-4 family owner occupied - jumbo
    
1,544
      
39
      
1,248
      
26
  
1-4 family owner occupied - non-jumbo
    
19,469
      
905
      
24,375
      
1,034
  
1-4 family non-owner occupied
    
5,055
      
175
      
6,140
      
233
  
1-4 family - 2nd lien
    
4,416
      
9
      
479
      
14
  
Resort lending
    
11,583
      
358
      
12,607
      
493
  
Installment
                                
Boat lending
    
72
      
-
      
68
      
2
  
Recreational vehicle lending
    
80
      
2
      
65
      
2
  
Other
    
2,545
      
109
      
3,211
      
146
  
Total
  
$
58,988
    
$
2,347
    
$
56,315
    
$
2,228
  
Troubled Debt Restructurings
Cash receipts on impaired loans on non-accrual status are generally applied to the principal balance.

TDRs follow:

  
September 30, 2020
  
   
Commercial
    
Retail (1)
    
Total
  
   
(In thousands)
  
Performing TDRs
  
$
8,292
    
$
37,337
    
$
45,629
  
Non-performing TDRs (2)
    
1,203
      
1,850
(3) 
    
3,053
  
Total
  
$
9,495
    
$
39,187
    
$
48,682
  

 
December 31, 2019
  
   
Commercial
    
Retail (1)
    
Total
  
   
(In thousands)
  
Performing TDRs
  
$
7,974
    
$
39,601
    
$
47,575
  
Non-performing TDRs (2)
    
540
      
2,607
(3) 
    
3,147
  
Total
  
$
8,514
    
$
42,208
    
$
50,722
  

(1)
Retail loans include mortgage and installment loan portfolio segments.
(2)
Included in non-performing loans table above.
(3)
Also includes loans on non-accrual at the time of modification until six payments are received on a timely basis.
Troubled Debt Restructuring During the Period
Loans that have been classified as TDRs during the three-month periods ended September 30 follow:

  
Number of
Contracts
    
Pre-modification
Recorded
Balance
    
Post-modification
Recorded
Balance
  
   
(Dollars in thousands)
  
2020
                  
Commercial
                  
Commercial and industrial
    
-
    
$
-
    
$
-
  
Commercial real estate
    
-
      
-
      
-
  
Mortgage
                        
1-4 family owner occupied - jumbo
    
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
1
      
92
      
95
  
1-4 family non-owner occupied
    
1
      
52
      
54
  
1-4 family - 2nd lien
    
-
      
-
      
-
  
Resort lending
    
-
      
-
      
-
  
Installment
                        
Boat lending
    
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
  
Other
    
1
      
19
      
19
  
Total
    
3
    
$
163
    
$
168
  
                         
2019
                        
Commercial
                        
Commercial and industrial
    
2
    
$
137
    
$
137
  
Commercial real estate
    
-
      
-
      
-
  
Mortgage
                        
1-4 family owner occupied - jumbo
    
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
1
      
198
      
202
  
1-4 family non-owner occupied
    
-
      
-
      
-
  
1-4 family - 2nd lien
    
3
      
75
      
75
  
Resort lending
    
-
      
-
      
-
  
Installment
                        
Boat lending
    
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
  
Other
    
1
      
28
      
28
  
Total
    
7
    
$
438
    
$
442
  

Loans that have been classified as TDRs during the nine-month periods ended September 30 follow:

 
  
Number of
Contracts
    
Pre-modification
Balance
    
Post-modification
Balance
  
 
  
(Dollars in thousands)
  
2020
                  
Commercial
                  
Commercial and industrial
    
7
    
$
1,207
    
$
1,207
  
Commercial real estate
    
4
      
7,012
      
7,012
  
Mortgage
                        
1-4 family owner occupied - jumbo
    
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
3
      
195
      
203
  
1-4 family non-owner occupied
    
2
      
111
      
116
  
1-4 family - 2nd lien
    
2
      
45
      
46
  
Resort lending
    
-
      
-
      
-
  
Installment
                        
Boat lending
    
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
  
Other
    
2
      
52
      
53
  
Total
    
20
    
$
8,622
    
$
8,637
  
 
                        
2019
                        
Commercial
                        
Commercial and industrial
    
3
    
$
186
    
$
186
  
Commercial real estate
    
2
      
1,329
      
1,329
  
Mortgage
                        
1-4 family owner occupied - jumbo
    
-
      
-
      
-
  
1-4 family owner occupied - non-jumbo
    
2
      
479
      
483
  
1-4 family non-owner occupied
    
1
      
506
      
505
  
1-4 family - 2nd lien
    
3
      
75
      
75
  
Resort lending
    
-
      
-
      
-
  
Installment
                        
Boat lending
    
-
      
-
      
-
  
Recreational vehicle lending
    
-
      
-
      
-
  
Other
    
7
      
188
      
191
  
Total
    
18
    
$
2,763
    
$
2,769
  
Commercial and Retail Loan COVID-19 Accomodations
A summary of accommodations entered into under this guidance as of September 30, 2020 follows:

Commercial and Retail Loan COVID-19 Accomodations

  
Covid-19 Accomodations
    
Total
    
% of Total
  
Loan Category
  
Loans (#)
    
Loans ($)
    
Loans
    
Loans
  
                         
Commercial
    
17
    
$
25,105
    
$
1,351,790
      
1.9
%
Mortgage
    
197
      
32,091
      
1,024,036
      
3.1
%
Installment
    
97
      
2,631
      
479,653
      
0.5
%
Total
    
311
    
$
59,827
    
$
2,855,479
      
2.1
%
Mortgage loans serviced for others(1)
    
416
    
$
66,279
    
$
2,873,153
      
2.3
%

1)
We have delegated authority from all investors to grant these deferrals on their behalf.

Information on subsequent accommodation extensions follows:

Commercial and Retail Loan COVID-19 Subsequent Accomodations

Loan Category
  
Loans (#)
    
Loans ($)
  
             
Commercial
    
6
    
$
5,726
  
Mortgage
    
125
      
22,571
  
Installment
    
51
      
1,583
  
Total
    
182
    
$
29,880
  
Loan Ratings by Loan Class
The following table summarizes loan ratings by loan class for our commercial portfolio loan segment:

  
Commercial
  
   
Non-watch
1-6
    
Watch
7-8
    
Substandard
Accrual
9
    
Non-
Accrual
10-11
    
Total
  
               
(In thousands)
              
September 30, 2020
                              
Commercial and industrial
  
$
715,810
    
$
42,153
    
$
4,674
    
$
1,615
    
$
764,252
  
Commercial real estate
    
579,547
      
8,187
      
2,672
      
554
      
590,960
  
Total
  
$
1,295,357
    
$
50,340
    
$
7,346
    
$
2,169
    
$
1,355,212
  
Accrued interest included in total
  
$
3,267
    
$
116
    
$
39
    
$
-
    
$
3,422
  
                                         
December 31, 2019
                                        
Commercial and industrial
  
$
515,955
    
$
44,384
    
$
3,967
    
$
565
    
$
564,871
  
Commercial real estate
    
580,516
      
23,036
      
535
      
735
      
604,822
  
Total
  
$
1,096,471
    
$
67,420
    
$
4,502
    
$
1,300
    
$
1,169,693
  
Accrued interest included in total
  
$
2,763
    
$
205
    
$
30
    
$
-
    
$
2,998
  

For each of our mortgage and installment portfolio segment classes, we generally monitor credit quality based on the credit scores of the borrowers. These credit scores are generally updated semi-annually.

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments:

  
Mortgage (1)
  
   
1-4 Family
Owner
Occupied -
Jumbo
    
1-4 Family
Owner
Occupied -
Non-jumbo
    
1-4 Family
Non-owner
Occupied
    
1-4 Family
2nd Lien
    
Resort
Lending
    
Total
  
   
(In thousands)
  
September 30, 2020
                                    
_800 and above
  
$
49,057
    
$
35,243
    
$
28,557
    
$
13,443
    
$
10,433
    
$
136,733
  
_750-799
    
219,844
      
64,957
      
78,503
      
42,292
      
28,294
      
433,890
  
_700-749
    
110,981
      
74,914
      
48,228
      
26,334
      
11,557
      
272,014
  
_650-699
    
41,101
      
36,963
      
14,511
      
11,982
      
7,277
      
111,834
  
_600-649
    
12,387
      
17,032
      
4,986
      
2,954
      
2,064
      
39,423
  
_550-599
    
3,477
      
12,270
      
1,908
      
2,214
      
494
      
20,363
  
_500-549
    
2,391
      
6,062
      
1,475
      
1,134
      
243
      
11,305
  
_Under 500
    
-
      
1,680
      
696
      
342
      
153
      
2,871
  
_Unknown
    
-
      
-
      
-
      
-
      
-
      
-
  
_Total
  
$
439,238
    
$
249,121
    
$
178,864
    
$
100,695
    
$
60,515
    
$
1,028,433
  
Accrued interest included in total
  
$
1,288
    
$
1,891
    
$
590
    
$
363
    
$
265
    
$
4,397
  
                                                 
December 31, 2019
                                                
_800 and above
  
$
48,486
    
$
43,848
    
$
24,315
    
$
13,905
    
$
11,076
    
$
141,630
  
_750-799
    
198,491
      
111,521
      
84,656
      
50,012
      
29,364
      
474,044
  
_700-749
    
106,609
      
95,064
      
34,839
      
30,697
      
14,626
      
281,835
  
_650-699
    
31,553
      
51,174
      
13,995
      
14,267
      
8,063
      
119,052
  
_600-649
    
13,230
      
21,938
      
5,897
      
4,097
      
2,074
      
47,236
  
_550-599
    
514
      
12,308
      
1,863
      
1,703
      
673
      
17,061
  
_500-549
    
1,519
      
7,940
      
1,870
      
1,281
      
889
      
13,499
  
_Under 500
    
641
      
2,208
      
533
      
511
      
79
      
3,972
  
_Unknown
    
510
      
1,259
      
1,569
      
69
      
1,330
      
4,737
  
_Total
  
$
401,553
    
$
347,260
    
$
169,537
    
$
116,542
    
$
68,174
    
$
1,103,066
  
Accrued interest included in total
  
$
1,139
    
$
1,662
    
$
586
    
$
502
    
$
266
    
$
4,155
  

(1)
Credit scores have been updated within the last twelve months.


 
Installment (1)
  
   
Boat
Lending
    
Recreational
Vehicle
Lending
    
Other
    
Total
  
   
(In thousands)
  
September 30, 2020
                        
_800 and above
  
$
33,385
    
$
29,085
    
$
8,466
    
$
70,936
  
_750-799
    
124,751
      
94,666
      
36,373
      
255,790
  
_700-749
    
38,729
      
34,236
      
26,833
      
99,798
  
_650-699
    
11,557
      
8,059
      
21,998
      
41,614
  
_600-649
    
2,089
      
1,668
      
3,738
      
7,495
  
_550-599
    
632
      
449
      
1,394
      
2,475
  
_500-549
    
242
      
465
      
755
      
1,462
  
_Under 500
    
351
      
24
      
180
      
555
  
_Unknown
    
-
      
-
      
703
      
703
  
_Total
  
$
211,736
    
$
168,652
    
$
100,440
    
$
480,828
  
Accrued interest included in total
  
$
471
    
$
381
    
$
323
    
$
1,175
  
                                 
December 31, 2019
                                
_800 and above
  
$
28,041
    
$
24,470
    
$
7,611
    
$
60,122
  
_750-799
    
118,380
      
88,164
      
37,583
      
244,127
  
_700-749
    
41,490
      
31,055
      
27,204
      
99,749
  
_650-699
    
11,485
      
7,267
      
22,517
      
41,269
  
_600-649
    
2,254
      
1,411
      
4,470
      
8,135
  
_550-599
    
946
      
592
      
1,884
      
3,422
  
_500-549
    
377
      
464
      
1,127
      
1,968
  
_Under 500
    
309
      
22
      
284
      
615
  
_Unknown
    
-
      
-
      
1,204
      
1,204
  
_Total
  
$
203,282
    
$
153,445
    
$
103,884
    
$
460,611
  
Accrued interest included in total
  
$
490
    
$
378
    
$
326
    
$
1,194
  

(1)
Credit scores have been updated within the last twelve months.
Purchase Credit Impaired (PCI) Loans
As a result of our acquisition of TCSB Bancorp, Inc. in the second quarter of 2018 we purchased loans for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. For these loans that meet the criteria of ASC 310-30 treatment, the carrying amount was as follows:

  
September 30,
2020
    
December 31,
2019
  
   
(In thousands)
  
Commercial
  
$
906
    
$
1,394
  
Mortgage
    
560
      
575
  
Installment
    
143
      
316
  
Total carrying amount
    
1,609
      
2,285
  
Allowance for loan losses
    
-
      
-
  
Carrying amount, net of allowance for loan losses
  
$
1,609
    
$
2,285
  

The accretable difference on PCI loans is the difference between the expected cash flows and the net present value of expected cash flows with such difference accreted into earnings using the effective yield method over the term of the loans. Accretion recorded as loan interest income is included in the table below.  Accretable yield of PCI loans, or income expected to be collected follows:

  
Three months ended
September 30,
    
Nine months ended
September 30,
  
   
2020
    
2019
    
2020
    
2019
  
   
(unaudited)
    
(unaudited)
  
   
(In thousands)
    
(In thousands)
  
                         
Balance at beginning of period
  
$
573
    
$
749
    
$
640
    
$
462
  
New loans purchased
    
-
      
-
      
-
      
-
  
Accretion recorded as loan interest income
    
(156
)
    
(56
)
    
(223
)
    
(134
)
Reclassification from (to) nonaccretable difference
    
-
      
-
      
-
      
365
  
Displosals/other adjustments
    
-
      
-
      
-
      
-
  
Balance at end of period
  
$
417
    
$
693
    
$
417
    
$
693