XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2
LOANS AND LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Financial Receivable Credit Quality Indicators
The following table sets forth the Company's loan portfolio at June 30, 2022 by risk attribute and origination date:
(Dollars in thousands)20222021202020192018PriorTerm TotalRevolvingTotal
Commercial & industrial
Pass$325,110 $647,089 $384,291 $281,475 $135,440 $229,061 $2,002,466 $851,946 $2,854,412 
Special mention0 337 17,943 5,607 14,533 1,855 40,275 9,028 49,303 
Substandard2,681 1,843 352 2,619 975 10,274 18,744 3,085 21,829 
Doubtful0 0 0 0 0 1,631 1,631 0 1,631 
Total$327,791 $649,269 $402,586 $289,701 $150,948 $242,821 $2,063,116 $864,059 $2,927,175 
Lease financing
Pass$20,806 $38,104 $37,910 $21,414 $17,257 $10,812 $146,303 $0 $146,303 
Special mention001190001190119 
Substandard00018221142170217
Total$20,806 $38,104 $38,029 $21,596 $17,278 $10,826 $146,639 $0 $146,639 
Construction real estate
Pass$24,761 $206,791 $134,445 $40,933 $398 $12,023 $419,351 $21,379 $440,730 
Special mention0 0 0 0 9,004 0 9,004 0 9,004 
Substandard0 0 0 0 0 0 0 0 0 
Total$24,761 $206,791 $134,445 $40,933 $9,402 $12,023 $428,355 $21,379 $449,734 
Commercial real estate - investor
Pass$207,449 $560,230 $338,559 $798,201 $339,175 $599,050 $2,842,664 $22,842 $2,865,506 
Special mention0 0 20,378 21,262 40,144 13,974 95,758 495 96,253 
Substandard0 0 6 35,367 557 30,353 66,283 0 66,283 
Doubtful0 0 0 0 2,546 0 2,546 0 2,546 
Total$207,449 $560,230 $358,943 $854,830 $382,422 $643,377 $3,007,251 $23,337 $3,030,588 
Commercial real estate - owner
Pass$91,197 $154,858 $174,846 $109,212 $126,449 $268,907 $925,469 $8,493 $933,962 
Special mention0 5,383 2,239 2,545 3,569 14,784 28,520 0 28,520 
Substandard0 59 36 713 11,230 1,929 13,967 0 13,967 
Total$91,197 $160,300 $177,121 $112,470 $141,248 $285,620 $967,956 $8,493 $976,449 
Residential real estate
Performing$152,348 $271,360 $215,004 $120,384 $55,956 $142,741 $957,793 $0 $957,793 
Nonperforming0 715 651 1,671 937 3,620 7,594 0 7,594 
Total$152,348 $272,075 $215,655 $122,055 $56,893 $146,361 $965,387 $0 $965,387 
Home equity
Performing$15,282 $36,141 $41,255 $13,100 $9,279 $30,521 $145,578 $576,134 $721,712 
Nonperforming0 55 180 171 88 490 984 3,004 3,988 
Total$15,282 $36,196 $41,435 $13,271 $9,367 $31,011 $146,562 $579,138 $725,700 
Installment
Performing$34,269 $46,973 $9,625 $5,662 $3,903 $4,406 $104,838 $41,398 $146,236 
Nonperforming62 265 59 9 10 0 405 39 444 
Total$34,331 $47,238 $9,684 $5,671 $3,913 $4,406 $105,243 $41,437 $146,680 
Credit cards
Performing$0 $0 $0 $0 $0 $0 $0 $51,595 $51,595 
Nonperforming0 0 0 0 0 0 0 470 470 
Total$0 $0 $0 $0 $0 $0 $0 $52,065 $52,065 
Grand Total$873,965 $1,970,203 $1,377,898 $1,460,527 $771,471 $1,376,445 $7,830,509 $1,589,908 $9,420,417 
The following table sets forth the Company's loan portfolio at December 31, 2021 by risk attribute and origination date:
(Dollars in thousands)20212020201920182017PriorTerm TotalRevolvingTotal
Commercial & industrial
Pass$711,198 $442,064 $339,507 $164,273 $119,580 $154,835 $1,931,457 $700,246 $2,631,703 
Special mention389 4,867 5,993 16,057 6,511 4,918 38,735 21,505 60,240 
Substandard2,220 434 2,843 1,224 12,640 1,465 20,826 7,259 28,085 
Total$713,807 $447,365 $348,343 $181,554 $138,731 $161,218 $1,991,018 $729,010 $2,720,028 
Lease financing
Pass$31,697 $21,536 $19,095 $15,494 $6,821 $4,765 $99,408 $0 $99,408 
Special mention010,216000010,216010,216 
Substandard000000000
Total$31,697 $31,752 $19,095 $15,494 $6,821 $4,765 $109,624 $0 $109,624 
Construction real estate
Pass$95,991 $200,421 $96,726 $15,886 $317 $12,719 $422,060 $18,299 $440,359 
Special mention0 6,531 0 9,004 0 0 15,535 0 15,535 
Substandard0 0 0 0 0 0 0 0 0 
Total$95,991 $206,952 $96,726 $24,890 $317 $12,719 $437,595 $18,299 $455,894 
Commercial real estate - investor
Pass$537,183 $379,217 $944,915 $367,946 $294,147 $434,641 $2,958,049 $66,579 $3,024,628 
Special mention0 7,479 18,136 18,006 15,566 34,153 93,340 0 93,340 
Substandard1,616 6 21,312 6,628 6,918 307 36,787 0 36,787 
Total$538,799 $386,702 $984,363 $392,580 $316,631 $469,101 $3,088,176 $66,579 $3,154,755 
Commercial real estate - owner
Pass$204,291 $184,564 $121,150 $135,463 $119,489 $259,504 $1,024,461 $7,565 $1,032,026 
Special mention970 2,283 2,262 3,751 1,381 5,512 16,159 0 16,159 
Substandard162 727 6,541 12,513 1,730 1,963 23,636 38 23,674 
Doubtful0 0 0 0 0 0 0 0 0 
Total$205,423 $187,574 $129,953 $151,727 $122,600 $266,979 $1,064,256 $7,603 $1,071,859 
Residential real estate
Performing$258,537 $230,699 $138,239 $64,310 $34,606 $162,924 $889,315 $0 $889,315 
Nonperforming236 970 1,193 598 339 3,418 6,754 0 6,754 
Total$258,773 $231,669 $139,432 $64,908 $34,945 $166,342 $896,069 $0 $896,069 
Home equity
Performing$42,298 $45,638 $14,713 $11,221 $7,603 $30,588 $152,061 $553,245 $705,306 
Nonperforming72 161 44 67 56 234 634 2,459 3,093 
Total$42,370 $45,799 $14,757 $11,288 $7,659 $30,822 $152,695 $555,704 $708,399 
Installment
Performing$58,209 $12,768 $8,213 $5,541 $3,925 $2,201 $90,857 $28,353 $119,210 
Nonperforming6 61 32 9 1 56 165 79 244 
Total$58,215 $12,829 $8,245 $5,550 $3,926 $2,257 $91,022 $28,432 $119,454 
Credit cards
Performing$0 $0 $0 $0 $0 $0 $0 $51,772 $51,772 
Nonperforming0 0 0 0 0 0 0 445 445 
Total$0 $0 $0 $0 $0 $0 $0 $52,217 $52,217 
Grand Total$1,945,075 $1,550,642 $1,740,914 $847,991 $631,630 $1,114,203 $7,830,455 $1,457,844 $9,288,299 
Loan Delinquency, including Nonaccrual Loans
Loan delinquency, including loans classified as nonaccrual, was as follows:
 As of June 30, 2022
(Dollars in thousands)30 – 59
days
past due		60 – 89
days
past due		> 90 days
past due		Total
past
due		CurrentTotal> 90 days
past due
and still
accruing
Loans       
Commercial & industrial$1,550 $27 $3,587 $5,164 $2,922,011 $2,927,175 $0 
Lease financing0 0 0 0 146,639 146,639 0 
Construction real estate0 0 0 0 449,734 449,734 0 
Commercial real estate-investor0 0 3,103 3,103 3,027,485 3,030,588 0 
Commercial real estate-owner931 0 61 992 975,457 976,449 0 
Residential real estate3,980 1,344 2,269 7,593 957,794 965,387 0 
Home equity1,783 376 1,828 3,987 721,713 725,700 0 
Installment97 24 17 138 146,542 146,680 0 
Credit card357 183 236 776 51,289 52,065 142 
Total$8,698 $1,954 $11,101 $21,753 $9,398,664 $9,420,417 $142 

 As of December 31, 2021
(Dollars in thousands)30 – 59
days
past due		60 – 89
days
past due		> 90 days
past due		Total
past
due		CurrentTotal> 90 days
past due
and still
accruing
Loans       
Commercial & industrial$303 $2,006 $2,775 $5,084 $2,714,944 $2,720,028 $0 
Lease financing93 0 0 93 109,531 109,624 0 
Construction real estate0 0 0 0 455,894 455,894 0 
Commercial real estate-investor89 42 6,409 6,540 3,148,215 3,154,755 0 
Commercial real estate-owner56 2,207 637 2,900 1,068,959 1,071,859 0 
Residential real estate4,379 262 2,114 6,755 889,314 896,069 0 
Home equity1,214 692 1,186 3,092 705,307 708,399 0 
Installment162 37 45 244 119,210 119,454 0 
Credit card223 134 137 494 51,723 52,217 137 
Total$6,519 $5,380 $13,303 $25,202 $9,263,097 $9,288,299 $137 
Loans Restructured During Period
The following tables provide information on loan modifications classified as TDRs during the three and six months ended June 30, 2022 and 2021:
Three months ended
June 30, 2022June 30, 2021
(Dollars in thousands)Number of loansPre-modification loan balancePeriod end balanceNumber of loansPre-modification loan balancePeriod end balance
Commercial & industrial3 $5,584 $5,584 1 $1,761 $1,761 
Construction real estate0 0 0 0 0 0 
Commercial real estate0 0 0 0 0 0 
Residential real estate3 324 317 3 97 90 
Home equity0 0 0 1 16 16 
Installment0 0 0 0 0 0 
Total6 $5,908 $5,901 5 $1,874 $1,867 
Six months ended
June 30, 2022June 30, 2021
(Dollars in thousands)Number of loansPre-modification loan balancePeriod end balanceNumber of loansPre-modification loan balancePeriod end balance
Commercial & industrial6 $10,049 $8,825 5 $4,967 $4,831 
Construction real estate0 0 0 0 0 0 
Commercial real estate1 387 80 7 10,015 9,046 
Residential real estate6 664 643 13 1,120 1,090 
Home equity1 32 32 2 30 30 
Installment0 0 0 0 0 0 
Total14 $11,132 $9,580 27 $16,132 $14,997 
Loans Restructured, Modifications
The following table provides information on how TDRs were modified during the three and six months ended June 30, 2022 and 2021:
Three months endedSix months ended
June 30,June 30,
(Dollars in thousands)2022202120222021
Extended maturities$3,345 $0 $3,345 $0 
Adjusted interest rates000 0 
Combination of rate and maturity changes000 0 
Forbearance317843,964 6,247 
Bankruptcies0210 6,580 
Other (1)
2,2391,7622,271 2,170 
Total$5,901 $1,867 $9,580 $14,997 
(1) Includes covenant modifications and other concessions, or combination of concessions, that do not consist of interest rate adjustments, forbearance, bankruptcy and maturity extensions
Nonaccrual, Restructured and Impaired Loans The following table provides information on nonperforming loans:
June 30, 2022December 31, 2021
(Dollars in thousands)Nonaccrual loans with a related ACLNonaccrual loans with no related ACLTotal nonaccrualNonaccrual loans with a related ACLNonaccrual loans with no related ACLTotal nonaccrual
Nonaccrual loans (1)
  
Commercial & industrial$6,292 $5,383 $11,675 $11,077 $6,285 $17,362 
Lease financing0 217 217 0 203 203 
Construction real estate0 0 0 0 0 0 
Commercial real estate0 14,650 14,650 17,716 1,796 19,512 
Residential real estate260 8,619 8,879 0 8,305 8,305 
Home equity0 3,331 3,331 0 2,922 2,922 
Installment0 170 170 0 88 88 
Total nonaccrual loans$6,552 $32,370 $38,922 $28,793 $19,599 $48,392 
(1) Nonaccrual loans include nonaccrual TDRs of $9.5 million and $16.0 million as of June 30, 2022 and December 31, 2021, respectively.
Three months endedSix months ended
June 30,June 30,
(Dollars in thousands)2022202120222021
Interest income effect on nonperforming loans 
Gross amount of interest that would have been recorded under original terms$815 $1,591 $1,588 $3,078 
Interest included in income
Nonaccrual loans268 442 558 925 
Troubled debt restructurings111 87 162 173 
Total interest included in income379 529 720 1,098 
Net impact on interest income$436 $1,062 $868 $1,980 
Schedule of Collateral Dependent Loans The following table presents the amortized cost basis of collateral dependent loans by class of loan.
June 30, 2022
Type of Collateral
(Dollar in thousands)Business
assets		Commercial real estateEquipmentLandResidential real estateOtherTotal
Class of loan
Commercial & industrial$11,586 $0 $30 $0 $0 $59 $11,675 
Lease financing00 217 0 0 0 217 
Commercial real estate-investor03,103 0 0 101 0 3,204 
Commercial real estate-owner05,889 5,468 36 53 0 11,446 
Residential real estate00 0 0 8,879 0 8,879 
Home equity00003,331 0 3,331 
Installment00000 170 170 
Total$11,586 $8,992 $5,715 $36 $12,364 $229 $38,922 
December 31, 2021
Type of Collateral
(Dollar in thousands)Business
assets		Commercial real estateEquipmentLandResidential real estateOtherTotal
Class of loan
Commercial & industrial$13,171 $15 $833 $0 $0 $3,343 $17,362 
Leasing00 203 0 0 0 203 
Commercial real estate-investor06,362 0 0 422 0 6,784 
Commercial real estate-owner06,673 5,937 38 80 0 12,728 
Residential real estate00 0 0 8,305 0 8,305 
Home equity00002,922 0 2,922 
Installment00000 88 88 
Total$13,171 $13,050 $6,973 $38 $11,729 $3,431 $48,392 
Changes in Other Real Estate Owned
Changes in OREO were as follows:
Three months endedSix months ended
 June 30,June 30,
(Dollars in thousands)2022202120222021
Balance at beginning of period$72 $854 $98 $1,287 
Additions
Commercial & industrial0 98 0 98 
Residential real estate64 0 136 0 
Total additions64 98 136 98 
Disposals  
Commercial & industrial0 (522)(98)(768)
Residential real estate(72)(81)(72)(268)
Total disposals(72)(603)(170)(1,036)
Valuation adjustment  
Commercial & industrial0 (9)0 (9)
Residential real estate(42)0 (42)0 
Total valuation adjustment(42)(9)(42)(9)
Balance at end of period$22 $340 $22 $340 
Components of lease investments
The components of the Company's net investments in direct financing and sales-type leases, which are included in Lease financing on the Consolidated Balance Sheets are as follows:
(Dollar in thousands)June 30, 2022December 31, 2021
Direct financing leases
Lease receivables$45,308 $49,843 
Unguaranteed residual values16,535 19,714 
Sales-type leases
Lease receivables84,796 40,067 
Unguaranteed residual values0 0 
Total net investment in direct financing and sales-type leases$146,639 $109,624 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The remaining maturities of lease receivables were as follows:
(Dollars in thousands)Direct financing and Sales-type
Remainder of 2022$18,797 
202331,428 
202429,327 
202516,575 
202618,388 
Thereafter29,300 
Total lease payments143,815 
Less: unearned interest income(13,711)
Net lease receivables$130,104