Allowance for Credit Losses

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES

We maintain an ACL at a level determined to be adequate to absorb estimated expected credit losses within the loan portfolio over the contractual life of an instrument that considers our historical loss experience, current conditions and forecasts of future economic conditions as of the balance sheet date. We develop and document a systematic ACL methodology based on the following portfolio segments: 1) Commercial Real Estate, or CRE, 2) Commercial and Industrial, or C&I, 3) Commercial Construction, 4) Business Banking, 5) Consumer Real Estate and 6) Other Consumer.

The following are key risks within each portfolio segment:

CRE—Loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily, and health care. Operations of the individual projects and global cash flows of the debtors are the primary sources of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type and the business prospects of the lessee, if the project is not owner-occupied.

C&I—Loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Cash flow from the operations of the company is the primary source of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the industry of the company. Collateral for these types of loans often does not have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt.

Commercial Construction—Loans made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there are problems, the project may not be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer.

Business Banking—Commercial loans made to small businesses that are standard, non-complex products evaluated through a streamlined credit approval process that has been designed to maximize efficiency while maintaining high credit quality standards that meet small business market customers’ needs. The business banking portfolio is monitored by utilizing a standard and closely managed process focusing on behavioral and performance criteria. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type and business.

Consumer Real Estate—Loans secured by first and second liens such as home equity loans, home equity lines of credit and 1-4 family residential mortgages, including purchase money mortgages. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the local housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt.

Other Consumer—Loans made to individuals that may be secured by assets other than 1-4 family residences, as well as unsecured loans. This segment includes auto loans, unsecured loans and lines and credit cards. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The value of the collateral, if there is any, is less likely to be a source of repayment due to less certain collateral values.

Management monitors various credit quality indicators for the commercial, business banking and consumer loan portfolios, including changes in risk ratings, nonperforming status and delinquency on a monthly basis.

We monitor the commercial loan portfolio through an internal risk rating system. Loan risk ratings are assigned based upon the creditworthiness of the borrower and are reviewed on an ongoing basis according to our internal policies. Loans within the pass rating generally have a lower risk of loss than loans risk rated as special mention or substandard.

Our risk ratings are consistent with regulatory guidance and are as follows:

Pass—The loan is currently performing and is of high quality.

Special Mention—A special mention loan has potential weaknesses that warrant management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects or in the strength of our credit position at some future date.

Substandard—A substandard loan is not adequately protected by the net worth and/or paying capacity of the borrower or by the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.

Doubtful—Loans classified doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable.

The following table presents loan balances by year of origination and internally assigned risk rating for our portfolio segments as of September 30, 2020:

	Risk Rating
(dollars in thousands)	2020		2019		2018		2017		2016		2015 and Prior		Revolving		Revolving-Term		Total
Commercial Real Estate
Pass	$	277,760	$	406,883	$	446,299	$	289,243	$	326,634	$	644,888	$	47,764	—		$	2,439,471
Special Mention	—		37,197		186		21,850		43,805		64,855		850		—		168,743
Substandard	—		18,489		8,066		15,039		54,975		105,474		1,500		—		203,543
Doubtful	—		—		—		—		341		6,129		—		—		6,470
Total Commercial Real Estate	277,760		462,569		454,551		326,132		425,755		821,346		50,114		—		2,818,227
Commercial and Industrial
Pass	682,632		209,253		149,912		76,118		38,877		199,772		347,762		—		1,704,326
Special Mention	3,829		20,396		3,613		968		8,563		6,998		30,552		—		74,919
Substandard	—		4,861		2,519		14,704		71		11,789		2,317		—		36,261
Doubtful	—		238		173		2,537		195		—		—		—		3,143
Total Commercial and Industrial	686,461		234,748		156,217		94,327		47,706		218,559		380,631		—		1,818,649
Commercial Construction
Pass	102,950		223,433		79,733		15,844		9,854		9,915		11,127		—		452,856
Special Mention	—		—		3,823		—		—		5,033		91		—		8,947
Substandard	—		3,567		—		1,752		—		3,738		—		—		9,057
Doubtful	—		—		—		—		—		—		—		—		—
Total Commercial Construction	102,950		227,000		83,556		17,596		9,854		18,686		11,218		—		470,860
Business Banking
Pass	97,367		163,334		133,688		93,886		81,481		289,927		104,721		336		964,740
Special Mention	—		59		1,049		1,719		1,093		7,055		691		123		11,789
Substandard	104		646		3,204		3,755		3,759		26,517		754		683		39,422
Doubtful	—		—		—		—		—		—		—		—		—
Total Business Banking	97,471		164,039		137,941		99,360		86,333		323,499		106,166		1,142		1,015,951
Consumer Real Estate
Pass	95,412		136,136		74,500		70,027		79,784		263,696		436,392		22,546		1,178,493
Special Mention	—		—		—		—		798		153		—		—		951
Substandard	—		187		555		880		1,036		7,193		212		973		11,036
Doubtful	—		—		—		—		—		—		—		—		—
Total Consumer Real Estate	95,412		136,323		75,055		70,907		81,618		271,042		436,604		23,519		1,190,480
Other consumer
Pass	8,703		15,078		7,953		4,270		3,039		854		33,216		641		73,754
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		481		129		115		611		3,868		396		1,347		6,947
Doubtful	—		—		—		—		—		—		—		—		—
Total Other Consumer	8,703		15,559		8,082		4,385		3,650		4,722		33,612		1,988		80,701
Total Loan Balance	$	1,268,757	$	1,240,238	$	915,402	$	612,707	$	654,916	$	1,657,854	$	1,018,345	$	26,649	$	7,394,868

We monitor the delinquent status of the commercial and consumer portfolios on a monthly basis. Loans are considered nonperforming when interest and principal are 90 days or more past due or management has determined that a material deterioration in the borrower’s financial condition exists. The risk of loss is generally highest for nonperforming loans.

The following table presents loan balances by year of origination and performing and nonperforming status for our portfolio segments as of September 30, 2020:

(dollars in thousands)	2020		2019		2018		2017		2016		2015 and Prior		Revolving		Revolving-Term		Total
Commercial Real Estate
Performing	$	277,760	$	462,569	$	454,551	$	326,132	$	411,947	$	788,059	$	50,114	$	—	$	2,771,132
Nonperforming	—		—		—		—		13,808		33,287		—		—		47,095
Total Commercial Real Estate	277,760		462,569		454,551		326,132		425,755		821,346		50,114		—		2,818,227
Commercial and Industrial
Performing	683,514		234,748		155,958		94,327		47,706		217,628		379,082		—		1,812,963
Nonperforming	2,947		—		259		—		—		931		1,549		—		5,686
Total Commercial and Industrial	686,461		234,748		156,217		94,327		47,706		218,559		380,631		—		1,818,649
Commercial Construction
Performing	102,950		227,000		83,556		16,555		9,854		18,223		11,218		—		469,356
Nonperforming	—		—		—		1,041		—		463		—		—		1,504
Total Commercial Construction	102,950		227,000		83,556		17,596		9,854		18,686		11,218		—		470,860
Business Banking
Performing	97,471		163,734		136,249		98,042		84,263		311,076		105,951		1,084		997,870
Nonperforming	—		305		1,692		1,318		2,070		12,423		215		58		18,081
Total Business Banking	97,471		164,039		137,941		99,360		86,333		323,499		106,166		1,142		1,015,951
Consumer Real Estate
Performing	94,828		136,323		74,440		69,663		80,532		265,917		436,328		22,639		1,180,670
Nonperforming	584		—		615		1,244		1,086		5,125		276		880		9,810
Total Consumer Real Estate	95,412		136,323		75,055		70,907		81,618		271,042		436,604		23,519		1,190,480
Other Consumer
Performing	8,567		15,157		8,082		4,299		3,379		4,043		33,425		1,853		78,805
Nonperforming	136		402		—		86		271		679		187		135		1,896
Total Other Consumer	8,703		15,559		8,082		4,385		3,650		4,722		33,612		1,988		80,701
Performing	1,265,090		1,239,531		912,836		609,018		637,681		1,604,946		1,016,118		25,576		7,310,796
Nonperforming	3,667		707		2,566		3,689		17,235		52,908		2,227		1,073		84,072
Total Loan Balance	$	1,268,757	$	1,240,238	$	915,402	$	612,707	$	654,916	$	1,657,854	$	1,018,345	$	26,649	$	7,394,868

The following tables present the age analysis of past due loans segregated by class of loans as of the dates presented:

	September 30, 2020(2)
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due(1)		Non - performing		Total Past Due Loans		Total Loans
Commercial real estate	$	2,771,132	$	—	$	—	$	—	$	47,095	$	47,095	$	2,818,227
Commercial and industrial	1,811,342		1,235		—		386		5,686		7,307		1,818,649
Commercial construction	469,356		—		—		—		1,504		1,504		470,860
Business banking	994,389		2,733		748		—		18,081		21,562		1,015,951
Consumer real estate	1,177,782		1,723		1,031		134		9,810		12,698		1,190,480
Other consumer	78,310		349		146		—		1,896		2,391		80,701
Total	$	7,302,311	$	6,040	$	1,925	$	520	$	84,072	$	92,556	$	7,394,868

(1) Represents acquired loans that were recorded at fair value at the acquisition date and remain performing at September 30, 2020.

(2) We had 144 loans that were modified totaling $350.0 million under the CARES Act at September 30, 2020. These customers were not considered past due as a result of their delayed payments. Upon exiting the loan modification deferral program, the measurement of loan delinquency will resume where it left off upon entry into the program. Due to the modification program, this delinquency table may not accurately reflect the credit risk associated with these loans.

	December 31, 2019
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due(1)		Non - performing		Total Past Due Loans		Total Loans
Commercial real estate	$	3,025,505	$	7,749	$	71	$	911	$	25,356	$	34,087	$	3,059,592
Commercial and industrial	1,466,460		126		1,589		1,443		10,911		14,069		1,480,529
Commercial construction	367,204		956		1,163		—		737		2,856		370,060
Business banking	830,735		5,093		1,099		—		9,863		16,055		846,790
Consumer real estate	1,283,591		2,620		1,758		1,175		6,063		11,616		1,295,207
Other consumer	81,866		1,448		305		228		1,127		3,108		84,974
Total	$	7,055,361	$	17,992	$	5,985	$	3,757	$	54,057	$	81,791	$	7,137,152

(1)Represents acquired loans that were recorded at fair value at the acquisition date and remained performing at December 31, 2019.

The following table presents loans on nonaccrual status and loans past due 90 days or more and still accruing by class of loan:

								September 30, 2020
	September 30, 2020							For the three months ended	For the nine months ended
(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(1)	Interest Income Recognized on Nonaccrual(1)
Commercial real estate	$	25,356	$	47,095	$26,996	$	—	$8	$19
Commercial and industrial	10,911		5,686		967	386		31	52
Commercial construction	737		1,504		1,218	—		—	—
Business banking	9,863		18,081		5,197	—		59	163
Consumer real estate	6,063		9,810		398	134		90	262
Other consumer	1,127		1,896		—	—		1	4
Total	$	54,057	$	84,072	$34,776	$	520	$189	$500

(1) Represents only cash payments received and applied to interest on nonaccrual loans.

The following table presents collateral-dependent loans by class of loan:

	September 30, 2020
	Type of Collateral
(dollars in thousands)	Real Estate	Blanket Lien	Investment/Cash	Other
Commercial real estate	$46,965	$40	$—	$—
Commercial and industrial	6,065	20,548	—	—
Commercial construction	5,203	—	—	—
Business banking	4,427	1,621	—	689
Consumer real estate	398	—	—	—
Total	$63,058	$22,209	$—	$689

The following table presents activity in the ACL for the three and nine months ended September 30, 2020:

	Three Months Ended September 30, 2020
(dollars in thousands)	Commercial Real Estate		Commercial and Industrial		Commercial Construction		Business Banking		Consumer Real Estate		Other Consumer		Total Loans
Allowance for credit losses on loans:
Balance at beginning of period	$	57,730	$	19,164	$	8,874	$	14,404	$	11,585	$	2,852	$	114,609
Provision for credit losses on loans	23,839		(4,155)		(1,617)		2,072		(797)		(40)		19,302
Charge-offs	(10,187)		(1,196)		—		(1,748)		(252)		(284)		(13,667)
Recoveries	172		398		1		64		41		78		754
Net (Charge-offs)/Recoveries	(10,015)		(798)		1		(1,684)		(211)		(206)		(12,913)
Balance at End of Period	$	71,554	$	14,211	$	7,258	$	14,792	$	10,577	$	2,606	$	120,998

	Nine Months Ended September 30, 2020
(dollars in thousands)	Commercial Real Estate		Commercial and Industrial (2)		Commercial Construction		Business Banking(1)		Consumer Real Estate		Other Consumer		Total Loans
Allowance for credit losses on loans:
Balance at beginning of period	$	30,577	$	15,681	$	7,900	$	—	$	6,337	$	1,729	$	62,224
Impact of CECL adoption	4,810		7,853		(3,376)		12,898		4,525		642		27,352
Provision for credit losses on loans	52,185		62,949		2,712		4,197		32		1,489		123,564
Charge-offs	(16,229)		(72,692)		—		(2,469)		(470)		(1,556)		(93,416)
Recoveries	211		420		22		166		153		302		1,274
Net (Charge-offs)/Recoveries	(16,018)		(72,272)		22		(2,303)		(317)		(1,254)		(92,142)
Balance at End of Period	$	71,554	$	14,211	$	7,258	$	14,792	$	10,577	$	2,606	$	120,998

(1) In connection with our adoption of ASU 2016-13, we made changes to our loan portfolio segments to align with the methodology applied in determining the allowance under CECL. Our new segmentation breaks out business banking loans from our other loan segments: CRE, C&I, commercial construction, consumer real estate and other consumer. The business banking allowance balance at the beginning of period is included in the other segments and reclassified to business banking through the impact of CECL adoption line.

(2) During the three months ended June 30, 2020, we experienced a pre-tax loss of $58.7 million related to a customer fraud resulting from a check kiting scheme.

The adoption of ASU 2016-13 resulted in an increase to our ACL of $27.4 million on January 1, 2020. The increase included $8.2 million for S&T legacy loans and $9.3 million for acquired loans from the DNB merger. We also recorded a day one adjustment of $9.9 million primarily related to a C&I relationship that was charged off in the first quarter of 2020. We obtained information on the relationship subsequent to filing our December 31, 2019 10-K, but before the end of the first quarter of 2020. The updated information supported a loss existed at January 1, 2020.

During the three months ended June 30, 2020, we had a charge-off of $58.7 million related to a previously disclosed customer fraud resulting from a check kiting scheme. The fraud was perpetrated by a single business customer and the customer has plead guilty in an ongoing criminal investigation. The check kiting scheme resulted in a deposit account overdraft, which became a loan to us that was charged off through the ACL. The customer also had a lending relationship that was originally $15.1 million, including a $14.3 million CRE loan and a $0.8 million line of credit. We recognized a $4.2 million charge-off related to this lending relationship during the three months ended June 30, 2020 and the remaining outstanding balance of $10.9 million is a nonperforming loan at September 30, 2020. A specific reserve of $3.4 million was recognized in the three months ended September 30, 2020 based upon new liens identified against the collateral.

Our qualitative reserve changed ($13.5) million and $15.8 million for the three and nine months ended September 30, 2020. Included in these amounts were ($13.3) million for the three months ended and $12.7 million for the nine months ended for the economic forecast and an allocation for our hotel portfolio and business banking portfolios due to the COVID-19 pandemic. Our forecast covers a period of two years and is driven in part by national unemployment data. The reduction in qualitative reserve for the three months ended September 30, 2020 was due to a meaningful improvement in expected unemployment levels of the forecast period. We added $2.0 million of ACL to the business banking portfolio during the three months ended September 30, 2020 due to the COVID-19 pandemic. Changes in our current conditions qualitative factors resulted in a decrease of $0.2 million and an increase of $3.1 million to the ACL for the three and nine months ended September 30, 2020. Offsetting the decrease in qualitative ACL for the three months ended September 30, 2020 was the impact

of the hotel portfolio downgrades on the quantitative model. Our total hotel portfolio was $243.0 million with 95 percent of this portfolio on deferral at September 30, 2020. During the three months ended September 30, 2020, we did an extensive review of the hotel portfolio and as a result downgraded a significant amount of loans within this portfolio. As of September 30, 2020, $92.9 million of hotel loans were risk rated special mention and $126.6 million were substandard. The ACL at September 30, 2020 reflects our estimate of potential loss for the hotel loans. Our estimate will be updated in the fourth quarter when we obtain appraisals on the substandard hotel portfolio.

The C&I portfolio included $550.1 million of loans originated under the PPP at September 30, 2020. The loans are 100 percent guaranteed by the SBA, therefore, we have not assigned any ACL to these loans at September 30, 2020.

Prior to the adoption of ASU 326 on January 1, 2020, we calculated our allowance for loan losses using an incurred loan loss methodology. The following tables are disclosures related to the allowance for loan losses in prior periods.

The following table presents the recorded investment in commercial loan classes by internally assigned risk ratings as of December 31, 2019:

	December 31, 2019
(dollars in thousands)	Commercial Real Estate		% of Total		Commercial and Industrial		% of Total		Commercial Construction		% of Total		Total		% of Total
Pass	$	3,270,438	95.7	%	$	1,636,314	95.1	%	$	347,304	92.5	%	$	5,254,056	95.3	%
Special mention	57,285		1.7	%	36,484		2.1	%	10,109		2.7	%	103,878		1.9	%
Substandard	86,772		2.5	%	47,980		2.8	%	17,899		4.8	%	152,651		2.8	%
Doubtful	2,023		0.1	%	55		—	%	133		—	%	2,211		—	%
Total	$	3,416,518	100.0	%	$	1,720,833	100.0	%	$	375,445	100.0	%	$	5,512,796	100.0	%

The following table presents the recorded investment in consumer loan classes by performing and nonperforming status as of December 31, 2019:

	December 31, 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	$	991,066	99.2	%	$	535,709	99.5	%	$	78,993	99.9	%	$	8,390	100.0	%	$	1,614,158	99.4	%
Nonperforming	7,519		0.8	%	2,639		0.5	%	40		0.1	%	—		—	%	10,198		0.6	%
Total	$	998,585	100.0	%	$	538,348	100.0	%	$	79,033	100.0	%	$	8,390	100.0	%	$	1,624,356	100.0	%

The following table presents investments in loans considered to be impaired and related information on those impaired loans as of December 31, 2019:

	December 31, 2019
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance
With a related allowance recorded:
Commercial real estate	$	13,011	$	14,322	$	2,023
Commercial and industrial	10,001		10,001		55
Commercial construction	489		489		113
Consumer real estate	—		—		—
Other consumer	9		9		9
Total with a Related Allowance Recorded	23,510		24,821		2,200
Without a related allowance recorded:
Commercial real estate	34,909		40,201		—
Commercial and industrial	7,605		10,358		—
Commercial construction	1,425		2,935		—
Consumer real estate	7,884		8,445		—
Other consumer	4		11		—
Total without a Related Allowance Recorded	51,827		61,950		—
Total:
Commercial real estate	47,920		54,523		2,023
Commercial and industrial	17,606		20,359		55
Commercial construction	1,914		3,424		113
Consumer real estate	7,884		8,445		—
Other consumer	13		20		9
Total	$	75,337	$	86,771	$	2,200

The following table presents average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2019:

	Three months ended				Nine months ended
	September 30, 2019				September 30, 2019
(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	$	—	$	14,348	$	—
Commercial and industrial	—		—		—		—
Commercial construction	490		—		490		—
Consumer real estate	—		—		—		—
Other consumer	11		—		13		1
Total with a Related Allowance Recorded	14,756		—		14,851		1
Without a related allowance recorded:
Commercial real estate	39,179		231		39,788		712
Commercial and industrial	8,008		116		6,644		308
Commercial construction	2,318		34		2,318		117
Consumer real estate	8,830		97		8,993		297
Other consumer	3		—		4		—
Total without a Related Allowance Recorded	58,338		478		57,747		1,434
Total:
Commercial real estate	53,434		231		54,136		712
Commercial and industrial	8,008		116		6,644		308
Commercial construction	2,808		34		2,808		117
Consumer real estate	8,830		97		8,993		297
Other consumer	14		—		17		1
Total	$	73,094	$	478	$	72,598	$	1,435

The following table details activity in the allowance for loan losses for the three and nine months ended September 30, 2019:

	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 credit losses	1,292		2,397		620		65		539		4,913
Balance at End of Period	$	31,830	$	14,367	$	7,875	$	6,334	$	1,709	$	62,115

	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 credit losses	822		10,432		(112)		367		1,258		12,767
Balance at End of Period	$	31,830	$	14,367	$	7,875	$	6,334	$	1,709	$	62,115

The following tables present the allowance for loan losses and recorded investments in loans by category as of December 31, 2019:

	December 31, 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	$	2,023	$	28,554	$	30,577	$	47,920	$	3,368,598	$	3,416,518
Commercial and industrial	55		15,626		15,681		17,606		1,703,227		1,720,833
Commercial construction	113		7,787		7,900		1,914		373,531		375,445
Consumer real estate	—		6,337		6,337		7,884		1,537,439		1,545,323
Other consumer	9		1,720		1,729		13		79,020		79,033
Total	$	2,200	$	60,024	$	62,224	$	75,337	$	7,061,815	$	7,137,152