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Loans and Loans Held for Sale (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Composition of Loans The following table presents loans as of the dates presented:
(dollars in thousands)
March 31, 2020
 
December 31, 2019
Commercial
 
 
 
Commercial real estate
$
3,442,495

 
$
3,416,518

Commercial and industrial
1,781,402

 
1,720,833

Commercial construction
396,518

 
375,445

Total Commercial Loans
5,620,415

 
5,512,796

Consumer
 
 
 
Residential mortgage
988,816

 
998,585

Home Equity
544,405

 
538,348

Installment and other consumer
79,887

 
79,033

Consumer construction
13,222

 
8,390

Total Consumer Loans
1,626,330

 
1,624,356

Total Portfolio Loans
7,246,745

 
7,137,152

Loans held for sale
7,309

 
5,256

Total Loans(1)
$
7,254,054

 
$
7,142,408


(1) Excludes interest receivable of $22.1 million at both March 31, 2020 and December 31, 2019. Interest receivable is included in other assets in the consolidated balance sheets.
Schedule of Restructured Loans for Periods Presented
The following tables summarize restructured loans as of the dates presented:
 
March 31, 2020
(dollars in thousands)
Performing
TDRs
 
Nonperforming
TDRs
 
Total
TDRs
Commercial real estate
$
30

 
$
28,973

 
$
29,003

Commercial and industrial
4,566

 
4,665

 
9,231

Commercial construction
3,316

 
—

 
3,316

Business banking
1,524

 
352

 
1,876

Consumer real estate
5,749

 
2,064

 
7,813

Other consumer
4

 
—

 
4

Total(1)
$
15,189

 
$
36,055

 
$
51,243


(1) Refer to Note 1, Basis of Presentation for details of reclassification of our portfolio segments related to the adoption of ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
 
December 31, 2019
(dollars in thousands)
Performing
TDRs
 
Nonperforming
TDRs
 
Total
TDRs
Commercial real estate
$
22,233

 
$
6,713

 
$
28,946

Commercial and industrial
6,909

 
695

 
7,604

Commercial construction
1,425

 
—

 
1,425

Residential mortgage
2,013

 
822

 
2,835

Home equity
4,371

 
678

 
5,049

Installment and other consumer
9

 
4

 
13

Total
$
36,960

 
$
8,912

 
$
45,872


The following tables present the restructured loans by portfolio segment and by type of concession for the three months ended March 31, 2020 and 2019:
 
Three Months Ended March 31, 2020
(dollars in thousands)
Number of
Loans
 
Pre-Modification
Outstanding
Recorded
Investment(1)
 
Post-Modification
Outstanding
Recorded
Investment(1)
 
Total  Difference
in Recorded
Investment
Totals by Loan Segment
 
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
Principal deferral and maturity date extension
1

 
$
2,210

 
$
2,210

 
$
—

Total Commercial Real Estate
1

 
2,210

 
2,210

 
—

Commercial and Industrial
 
 
 
 
 
 
 
Principal deferral and maturity date extension
5

 
3,780

 
3,780

 
—

Total Commercial and Industrial
5


3,780


3,780


—

Commercial Construction
 
 
—

 
 
 
 
Maturity date extension
1

 
1,891

 
1,891

 
—

Total Commercial Construction
1

 
1,891

 
1,891

 
—

Consumer Real Estate
 
 
 
 
 
 
 
Consumer bankruptcy(2)
6

 
388

 
388

 
—

Maturity date extension and reduction in payment
1

 
27

 
27

 
—

Total Consumer Real Estate
7

 
415

 
415

 
—

Totals by Concession Type
 
 
 
 
 
 
 
Principal deferral and maturity date extension
6

 
5,991

 
5,991


—

Maturity date extension
1

 
1,891

 
1,891

 
—

Consumer bankruptcy(2)
6

 
388

 
388

 
—

Maturity date extension and payment reduction
1

 
27

 
27

 
—

Total(3)
14


$
8,297


$
8,297


$
—

(1) Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.
(2) Consumer bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
(3) Refer to Note 1, Basis of Presentation for details of reclassification of our portfolio segments related to the adoption of ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.

 
Three Months Ended March 31, 2019
(dollars in thousands)
Number  of
Loans
 
Pre-Modification
Outstanding
Recorded
Investment(1)
 
Post-Modification
Outstanding
Recorded
Investment(1)
 
Total Difference
in Recorded
Investment
Totals by Loan Segment
 
 
 
 
 
 
 
Commercial and Industrial
 
 
 
 
 
 
 
Maturity date extension and interest rate reduction
1

 
$
5,201

 
$
5,201

 
$
—

Principal deferral and maturity date extension
—

 
—

 
—

 
—

Total Commercial and Industrial
1

 
5,201

 
5,201

 
—

Residential Mortgage
 
 
 
 
 
 
 
Consumer bankruptcy(2)
1

 
49

 
49

 
—

Total Residential Mortgage
1

 
49

 
49

 
—

Home Equity
 
 
 
 
 
 
 
Consumer bankruptcy(2)
7

 
191

 
168

 
(23
)
Interest rate reduction
1

 
81

 
81

 
—

Maturity date extension and reduction in payment
—

 
—

 
—

 
—

Total Home Equity
8

 
272

 
249

 
(23
)
Totals by Concession Type
 
 
 
 
 
 
 
Maturity date extension and interest rate reduction
1

 
5,201

 
5,201

 
—

Consumer bankruptcy(2)
8

 
240

 
217

 
(23
)
Interest rate reduction
1

 
81

 
81

 
—

Total
10

 
$
5,522

 
$
5,499

 
$
(23
)
(1) Excludes loans that were fully paid-off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.
(2) Consumer bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
Schedule of Summary of Nonperforming Assets
The following table is a summary of nonperforming assets as of the dates presented:
 
Nonperforming Assets
(dollars in thousands)
March 31, 2020
 
 
December 31, 2019
 
Nonperforming Assets
 
 
 
 
 
Nonaccrual loans
 
$
37,744

 
 
$
45,145

Nonaccrual TDRs
 
36,055

 
 
8,912

Total Nonaccrual Loans
 
73,799

 
 
54,057

OREO
 
3,389

 
 
3,525

Total Nonperforming Assets
 
$
77,188

 
 
$
57,582


The following table presents loans on nonaccrual status and loans past due 90 days or more and still accruing by class of loan:
 
As or for the Three Months Ended March 31, 2020
(dollars in thousands)
Beginning of Period Nonaccrual
 
End of Period Nonaccrual
 
Nonaccrual With No Related Allowance
 
Past Due 90+ Days Still Accruing
 
Interest Income Recognized on Nonaccrual
Commercial real estate

$25,356

 
$
46,533

 

$39,454

 
$
700

 

$684

Commercial and industrial
10,911

 
4,505

 
4,054

 
2,615

 
64

Commercial construction
737

 
571

 
285

 
933

 
—

Business banking
9,863

 
11,316

 
2,363

 
768

 
58

Consumer real estate
6,063

 
10,616

 
398

 
83

 
47

Other consumer
1,127

 
258

 
—

 
195

 
28

Total

$54,057

 

$73,799

 

$46,554

 
$
5,294

 

$881