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Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of Age Analysis of Past Due Loans Segregated by Class of Loans
The following tables present the age analysis of past due loans segregated by class of loans as of the dates presented:
 
September 30, 2019
(dollars in thousands)
Current

 
30-59 Days
Past Due

 
60-89 Days
Past Due

 
Non - performing

 
Total Past
Due Loans

 
Total Loans

Commercial real estate
$
2,886,051

 
$
1,845

 
$
561

 
$
33,740

 
$
36,146

 
$
2,922,197

Commercial and industrial
1,620,286

 
2,049

 
313

 
4,206

 
6,568

 
1,626,854

Commercial construction
313,190

 
480

 
—

 
1,143

 
1,623

 
314,813

Residential mortgage
760,601

 
1,566

 
1,331

 
7,384

 
10,281

 
770,882

Home equity
469,805

 
1,370

 
357

 
3,492

 
5,219

 
475,024

Installment and other consumer
74,233

 
132

 
77

 
18

 
227

 
74,460

Consumer construction
11,535

 
—

 
—

 
—

 
—

 
11,535

Loans held for sale
8,371

 
—

 
—

 
—

 
—

 
8,371

Total
$
6,144,072

 
$
7,442

 
$
2,639

 
$
49,983

 
$
60,064

 
$
6,204,136


 
December 31, 2018
(dollars in thousands)
Current

 
30-59 Days
Past Due

 
60-89 Days
Past Due

 
Non - performing

 
Total Past
Due Loans

 
Total Loans

Commercial real estate
$
2,903,997

 
$
3,638

 
$
2,145

 
$
12,052

 
$
17,835

 
$
2,921,832

Commercial and industrial
1,482,473

 
1,000

 
983

 
8,960

 
10,943

 
1,493,416

Commercial construction
243,004

 
—

 
—

 
14,193

 
14,193

 
257,197

Residential mortgage
717,447

 
1,584

 
520

 
7,128

 
9,232

 
726,679

Home equity
465,152

 
2,103

 
609

 
3,698

 
6,410

 
471,562

Installment and other consumer
67,281

 
148

 
75

 
42

 
265

 
67,546

Consumer construction
8,416

 
—

 
—

 
—

 
—

 
8,416

Loans held for sale
2,371

 
—

 
—

 
—

 
—

 
2,371

Total
$
5,890,141

 
$
8,473

 
$
4,332

 
$
46,073

 
$
58,878

 
$
5,949,019
Schedule of Recorded Investment in Commercial Loan Classes by Internally Assigned Risk Ratings
The following tables present the recorded investment in commercial loan classes by internally assigned risk ratings as of the dates presented:
 
September 30, 2019
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
2,767,646

94.7
%
 
$
1,547,375

95.0
%
 
$
304,135

96.6
%
 
$
4,618,155

94.9
%
Special mention
60,096

2.1
%
 
43,482

2.7
%
 
7,112

2.3
%
 
110,690

2.3
%
Substandard
94,455

3.2
%
 
36,997

2.3
%
 
3,566

1.1
%
 
135,019

2.8
%
Total
$
2,922,197

100.0
%
 
$
1,626,854

100.0
%
 
$
314,813

100.0
%
 
$
4,863,864

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
2,776,292

95.0
%
 
$
1,394,427

93.4
%
 
$
233,190

90.7
%
 
$
4,403,909

94.3
%
Special mention
54,627

1.9
%
 
25,368

1.7
%
 
7,349

2.8
%
 
87,344

1.8
%
Substandard
90,913

3.1
%
 
73,621

4.9
%
 
16,658

6.5
%
 
181,192

3.9
%
Total
$
2,921,832

100.0
%
 
$
1,493,416

100.0
%
 
$
257,197

100.0
%
 
$
4,672,445

100.0
%
Schedule of Recorded Investment in Consumer Loan Classes by Performing and Nonperforming Status
The following tables present the recorded investment in consumer loan classes by performing and nonperforming status as of the dates presented:
 
September 30, 2019
(dollars in thousands)
Residential
Mortgage
% of
Total
 
Home
Equity
% of
Total
 
Installment
and Other
Consumer
% of
Total
 
Consumer
Construction
% of
Total
 
Total
% of
Total
Performing
$
763,498

99.0
%
 
$
471,532

99.3
%
 
$
74,442

100.0
%
 
$
11,535

100.0
%
 
$
1,321,007

99.2
%
Nonperforming
7,384

1.0
%
 
3,492

0.7
%
 
18

—
%
 
—

—
%
 
10,894

0.8
%
Total
$
770,882

100.0
%
 
$
475,024

100.0
%
 
$
74,460

100.0
%
 
$
11,535

100.0
%
 
$
1,331,901

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
(dollars in thousands)
Residential
Mortgage
% of
Total
 
Home
Equity
% of
Total
 
Installment
and Other
Consumer
% of
Total
 
Consumer
Construction
% of
Total
 
Total
% of
Total
Performing
$
719,551

99.0
%
 
$
467,864

99.2
%
 
$
67,504

99.9
%
 
$
8,416

100.0
%
 
$
1,263,335

99.1
%
Nonperforming
7,128

1.0
%
 
3,698

0.8
%
 
42

0.1
%
 
—

—
%
 
10,868

0.9
%
Total
$
726,679

100.0
%
 
$
471,562

100.0
%
 
$
67,546

100.0
%
 
$
8,416

100.0
%
 
$
1,274,203

100.0
%
Schedule of Investments in Loans Considered to be Impaired and Related Information on Impaired Loans
The following table summarizes investments in loans considered to be impaired and related information on those impaired loans as of the dates presented:
 
September 30, 2019
 
December 31, 2018
(dollars in thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
$
13,081

 
$
14,322

 
$
2,006

 
$
7,733

 
$
7,733

 
$
1,295

Commercial and industrial
—

 
—

 
—

 
884

 
893

 
360

Commercial construction
490

 
490

 
128

 
489

 
489

 
87

Consumer real estate
—

 
—

 
—

 
15

 
14

 
10

Other consumer
11

 
10

 
10

 
11

 
12

 
11

Total with a Related Allowance Recorded
13,582

 
14,822

 
2,144

 
9,132

 
9,141

 
1,763

Without a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
38,368

 
42,784

 
—

 
3,636

 
4,046

 
—

Commercial and industrial
9,852

 
12,582

 
—

 
12,788

 
14,452

 
—

Commercial construction
2,318

 
3,828

 
—

 
15,286

 
19,198

 
—

Consumer real estate
8,418

 
9,309

 
—

 
8,659

 
9,635

 
—

Other consumer
2

 
9

 
—

 
5

 
18

 
—

Total without a Related Allowance Recorded
58,958

 
68,512

 
—

 
40,374

 
47,349

 
—

Total:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
51,449

 
57,106

 
2,006

 
11,369

 
11,779

 
1,295

Commercial and industrial
9,852

 
12,582

 
—

 
13,672

 
15,345

 
360

Commercial construction
2,808

 
4,318

 
128

 
15,775

 
19,687

 
87

Consumer real estate
8,418

 
9,309

 
—

 
8,674

 
9,649

 
10

Other consumer
13

 
19

 
10

 
16

 
30

 
11

Total
$
72,540

 
$
83,334

 
$
2,144

 
$
49,506

 
$
56,490

 
$
1,763



The following tables summarize average recorded investment in and interest income recognized on loans considered to be impaired for the periods presented:
 
Three Months Ended
 
September 30, 2019
 
September 30, 2018
(dollars in thousands)
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With a related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
$
14,255

 
$
—

 
$
—

 
$
—

Commercial and industrial
—

 
—

 
—

 
—

Commercial construction
490

 
—

 
496

 
—

Consumer real estate
—

 
—

 
15

 
—

Other consumer
11

 
—

 
17

 
1

Total with a Related Allowance Recorded
14,756

 
—

 
528

 
1

Without a related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
39,179

 
231

 
3,744

 
41

Commercial and industrial
8,008

 
116

 
14,412

 
73

Commercial construction
2,318

 
34

 
2,809

 
61

Consumer real estate
8,830

 
97

 
9,320

 
112

Other consumer
3

 
—

 
13

 
—

Total without a Related Allowance Recorded
58,338

 
478

 
30,298

 
287

Total:
 
 
 
 
 
 
 
Commercial real estate
53,434

 
231

 
3,744

 
41

Commercial and industrial
8,008

 
116

 
14,412

 
73

Commercial construction
2,808

 
34

 
3,305

 
61

Consumer real estate
8,830

 
97

 
9,335

 
112

Other consumer
14

 
—

 
30

 
1

Total
$
73,094

 
$
478

 
$
30,826

 
$
288



 
Nine months ended
 
September 30, 2019
 
September 30, 2018
(dollars in thousands)
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With a related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
$
14,348

 
$
—

 
$
—

 
$
—

Commercial and industrial
—

 
—

 
—

 
—

Commercial construction
490

 
—

 
585

 
—

Consumer real estate
—

 
—

 
16

 
1

Other consumer
13

 
1

 
21

 
1

Total with a Related Allowance Recorded
14,851

 
1

 
622

 
2

Without a related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
39,788

 
712

 
3,895

 
126

Commercial and industrial
6,644

 
308

 
11,567

 
232

Commercial construction
2,318

 
117

 
2,813

 
134

Consumer real estate
8,993

 
297

 
10,031

 
370

Other consumer
4

 
—

 
15

 
—

Total without a Related Allowance Recorded
57,747

 
1,434

 
28,321

 
862

Total:
 
 
 
 
 
 
 
Commercial real estate
54,136

 
712

 
3,895

 
126

Commercial and industrial
6,644

 
308

 
11,567

 
232

Commercial construction
2,808

 
117

 
3,398

 
134

Consumer real estate
8,993

 
297

 
10,047

 
371

Other consumer
17

 
1

 
36

 
1

Total
$
72,598

 
$
1,435

 
$
28,943

 
$
864
Schedule of Summary of Allowance for Loan Losses
The following tables detail activity in the ALL for the periods presented:
 
Three Months Ended September 30, 2019
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
32,836

 
$
13,227

 
$
7,254

 
$
6,571

 
$
1,591

 
$
61,479

Charge-offs
(2,304
)
 
(1,467
)
 
—

 
(404
)
 
(525
)
 
(4,700
)
Recoveries
6

 
210

 
1

 
102

 
104

 
423

Net (Charge-offs)/Recoveries
(2,298
)

(1,257
)

1


(302
)

(421
)
 
(4,277
)
Provision for loan losses
1,292


2,397


620


65


539


4,913

Balance at End of Period
$
31,831

 
$
14,366

 
$
7,875

 
$
6,334

 
$
1,709

 
$
62,115

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
31,232

 
$
10,874

 
$
11,676

 
$
5,241

 
$
1,494

 
$
60,517

Charge-offs
(141
)
 
(181
)
 
—

 
(487
)
 
(425
)
 
(1,234
)
Recoveries
64

 
504

 
4

 
70

 
169

 
811

Net (Charge-offs)/Recoveries
(77
)
 
323

 
4

 
(417
)
 
(256
)
 
(423
)
Provision for loan losses
1,735

 
(971
)
 
(765
)
 
214

 
249

 
462

Balance at End of Period
$
32,890

 
$
10,226

 
$
10,915

 
$
5,038

 
$
1,487

 
$
60,556

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2019
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
33,707

 
$
11,596

 
$
7,983

 
$
6,187

 
$
1,523

 
$
60,996

Charge-offs
(2,833
)
 
(8,379
)
 
—

 
(815
)
 
(1,364
)
 
(13,391
)
Recoveries
134

 
718

 
4

 
595

 
292

 
1,743

Net (Charge-offs)/Recoveries
(2,699
)

(7,661
)

4


(220
)

(1,072
)

(11,648
)
Provision for loan losses
823


10,431


(112
)

367


1,258


12,767

Balance at End of Period
$
31,831

 
$
14,366

 
$
7,875

 
$
6,334

 
$
1,709

 
$
62,115

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
27,235

 
$
8,966

 
$
13,167

 
$
5,479

 
$
1,543

 
$
56,390

Charge-offs
(373
)
 
(8,403
)
 
(321
)
 
(916
)
 
(1,298
)
 
(11,311
)
Recoveries
293

 
985

 
1,134

 
393

 
393

 
3,198

Net (Charge-offs)/Recoveries
(80
)
 
(7,418
)
 
813

 
(523
)
 
(905
)
 
(8,113
)
Provision for loan losses
5,735

 
8,678

 
(3,065
)
 
82

 
849

 
12,279

Balance at End of Period
$
32,890

 
$
10,226

 
$
10,915

 
$
5,038

 
$
1,487

 
$
60,556
Schedule of Summary of Allowance for Loan Losses and Recorded Investments
The following tables present the ALL and recorded investments in loans by category as of the periods presented:
 
September 30, 2019
 
Allowance for Loan Losses
 
Portfolio Loans
(dollars in thousands)
Individually
Evaluated for
Impairment

 
Collectively
Evaluated for
Impairment

 
Total

 
Individually
Evaluated for
Impairment

 
Collectively
Evaluated for
Impairment

 
Total

Commercial real estate
$
2,006

 
$
29,825

 
$
31,831

 
$
51,449

 
$
2,870,748

 
$
2,922,197

Commercial and industrial
—

 
14,366

 
14,366

 
9,852

 
1,617,002

 
1,626,854

Commercial construction
128

 
7,747

 
7,875

 
2,808

 
312,005

 
314,813

Consumer real estate
—

 
6,334

 
6,334

 
8,418

 
1,249,023

 
1,257,441

Other consumer
10

 
1,699

 
1,709

 
13

 
74,447

 
74,460

Total
$
2,144


$
59,971


$
62,115


$
72,540


$
6,123,225


$
6,195,765

 
 
December 31, 2018
 
Allowance for Loan Losses
 
Portfolio Loans
(dollars in thousands)
Individually
Evaluated for
Impairment

 
Collectively
Evaluated for
Impairment

 
Total

 
Individually
Evaluated for
Impairment

 
Collectively
Evaluated for
Impairment

 
Total

Commercial real estate
$
1,295

 
$
32,412

 
$
33,707

 
$
11,369

 
$
2,910,463

 
$
2,921,832

Commercial and industrial
360

 
11,236

 
11,596

 
13,672

 
1,479,744

 
1,493,416

Commercial construction
87

 
7,896

 
7,983

 
15,775

 
241,422

 
257,197

Consumer real estate
10

 
6,177

 
6,187

 
8,674

 
1,197,983

 
1,206,657

Other consumer
11

 
1,512

 
1,523

 
16

 
67,530

 
67,546

Total
$
1,763

 
$
59,233

 
$
60,996

 
$
49,506

 
$
5,897,142

 
$
5,946,648