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Loans, Allowance for Credit Losses and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2022

Financing Receivable, Allowance for Credit Loss [Table Text Block]

The following table summarizes the change in allowance for credit losses by loan category, and bifurcates the amount of loans allocated to each loan category for the period indicated:


	Three Months Ended June 30, 2022
	(Dollars in thousands)
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Small Business		Residential Real Estate		Home Equity		Other Consumer		Total
Allowance for credit losses
Beginning balance	$	14,169	$	84,436	$	11,867	$	3,159	$	18,388	$	11,750	$	749	$	144,518


Charge-offs	—		—		—		(11)		—		(98)		(435)		(544)
Recoveries	29		—		—		33		—		14		269		345
(Release of) provision for credit losses	(91)		(980)		(157)		(397)		1,362		74		189		—
Ending balance (1)	$	14,107	$	83,456	$	11,710	$	2,784	$	19,750	$	11,740	$	772	$	144,319

	Three Months Ended June 30, 2021
	(Dollars in thousands)
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Small Business		Residential Real Estate		Home Equity		Other Consumer		Total
Allowance for credit losses
Beginning balance	$	20,207	$	44,348	$	5,268	$	3,621	$	12,956	$	20,716	$	433	$	107,549
Charge-offs	(142)		—		—		(35)		—		(69)		(235)		(481)
Recoveries	35		—		—		4		—		45		205		289
(Release of) provision for credit losses	(3,068)		(23)		(403)		22		(942)		(605)		19		(5,000)
Ending balance (1)	$	17,032	$	44,325	$	4,865	$	3,612	$	12,014	$	20,087	$	422	$	102,357

	Six Months Ended June 30, 2022
	(Dollars in thousands)
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Small Business		Residential Real Estate		Home Equity		Other Consumer		Total
Allowance for credit losses
Beginning balance	$	14,402	$	83,486	$	12,316	$	3,508	$	14,484	$	17,986	$	740	$	146,922
Charge-offs	—		—		—		(59)		—		(122)		(1,069)		(1,250)
Recoveries	42		3		—		59		—		40		503		647
(Release of) provision for credit losses	(337)		(33)		(606)		(724)		5,266		(6,164)		598		(2,000)
Ending balance (1)	$	14,107	$	83,456	$	11,710	$	2,784	$	19,750	$	11,740	$	772	$	144,319

	Six Months Ended June 30, 2021
	(Dollars in thousands)
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Small Business		Residential Real Estate		Home Equity		Other Consumer		Total
Allowance for credit losses
Beginning balance	$	21,086	$	45,009	$	5,397	$	5,095	$	14,275	$	22,060	$	470	$	113,392


Charge-offs	(3,473)		—		—		(101)		—		(69)		(524)		(4,167)
Recoveries	99		57		—		15		1		58		402		632
(Release of) provision for credit losses	(680)		(741)		(532)		(1,397)		(2,262)		(1,962)		74		(7,500)
Ending balance (1)	$	17,032	$	44,325	$	4,865	$	3,612	$	12,014	$	20,087	$	422	$	102,357

(1)Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $39.0 million and $29.9 million as of June 30, 2022 and June 30, 2021, respectively.

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table details the amortized cost balances of the Company's loan portfolios, presented by credit quality indicator and origination year as of the dates indicated below:


	June 30, 2022
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving converted to Term		Total (1)
	(Dollars in thousands)
Commercial and industrial
Pass (2)	$	220,435	$	188,007	$	136,331	$	79,699	$	98,598	$	26,321	$	751,261	$	—	$	1,500,652
Potential weakness	221		1,022		1,054		872		84		1,017		4,229		—		8,499
Definite weakness - loss unlikely	354		1,283		—		44		407		2,645		27,162		—		31,895
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial	$	221,010	$	190,312	$	137,385	$	80,615	$	99,089	$	29,983	$	782,652	$	—	$	1,541,046




Commercial real estate
Pass	$	543,108	$	1,488,142	$	1,306,131	$	874,026	$	781,208	$	2,122,989	$	131,883	$	516	$	7,248,003
Potential weakness	40,003		63,294		53,347		5,996		68,671		197,553		13,620		2,578		445,062
Definite weakness - loss unlikely	1,113		8,181		4,263		2,904		14,822		67,409		—		—		98,692
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	$	584,224	$	1,559,617	$	1,363,741	$	882,926	$	864,701	$	2,387,951	$	145,503	$	3,094	$	7,791,757




Commercial construction
Pass	$	362,544	$	369,399	$	269,581	$	65,520	$	28,097	$	11,420	$	33,583	$	3	$	1,140,147
Potential weakness	13,054		—		3,319		—		—		21,304		—		—		37,677
Definite weakness - loss unlikely	—		16,753		—		—		—		—		—		—		16,753
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total commercial construction	$	375,598	$	386,152	$	272,900	$	65,520	$	28,097	$	32,724	$	33,583	$	3	$	1,194,577




Small business
Pass	$	30,065	$	48,840	$	33,910	$	18,528	$	10,999	$	22,481	$	37,755	$	—	$	202,578
Potential weakness	—		173		415		373		195		141		707		—		2,004
Definite weakness - loss unlikely	103		—		551		13		4		230		470		—		1,371
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total small business	$	30,168	$	49,013	$	34,876	$	18,914	$	11,198	$	22,852	$	38,932	$	—	$	205,953




Residential real estate
Pass	$	396,321	$	432,105	$	200,912	$	99,019	$	102,471	$	610,183	$	—	$	—	$	1,841,011
Default	—		—		123		—		974		1,949		—		—		3,046

Total residential real estate	$	396,321	$	432,105	$	201,035	$	99,019	$	103,445	$	612,132	$	—	$	—	$	1,844,057




Home equity
Pass	$	28,727	$	63,208	$	58,488	$	33,501	$	30,145	$	130,197	$	717,115	$	2,559	$	1,063,940
Default	—		—		—		122		—		292		1,156		—		1,570

Total home equity	$	28,727	$	63,208	$	58,488	$	33,623	$	30,145	$	130,489	$	718,271	$	2,559	$	1,065,510




Other consumer
Pass	$	379	$	2,862	$	2,317	$	1,671	$	576	$	4,350	$	20,697	$	—	$	32,852
Default	—		—		—		—		—		12		—		—		12

Total other consumer	$	379	$	2,862	$	2,317	$	1,671	$	576	$	4,362	$	20,697	$	—	$	32,864

Total	$	1,636,427	$	2,683,269	$	2,070,742	$	1,182,288	$	1,137,251	$	3,220,493	$	1,739,638	$	5,656	$	13,675,764


	June 30, 2021
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving converted to Term		Total (1)
	(Dollars in thousands)
Commercial and industrial
Pass (2)	$	552,640	$	296,008	$	113,698	$	83,243	$	18,357	$	20,908	$	577,872	$	—	$	1,662,726
Potential weakness	4,726		11,553		3,292		1,772		1,141		2,531		8,596		—		33,611
Definite weakness - loss unlikely	18,026		338		1,023		1,105		2,714		244		6,711		—		30,161
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial	$	575,392	$	307,899	$	118,013	$	86,120	$	22,212	$	23,683	$	593,179	$	—	$	1,726,498

Commercial real estate
Pass	$	489,652	$	1,029,017	$	679,780	$	373,916	$	496,399	$	862,508	$	15,370	$	—	$	3,946,642
Potential weakness	15,416		29,480		54,436		32,476		18,923		86,135		13,614		—		250,480
Definite weakness - loss unlikely	9,505		22,090		3,665		2,210		9,874		7,077		—		—		54,421
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	$	514,573	$	1,080,587	$	737,881	$	408,602	$	525,196	$	955,720	$	28,984	$	—	$	4,251,543

Commercial construction
Pass	$	63,620	$	235,629	$	107,190	$	24,374	$	22,951	$	6,568	$	16,232	$	1,998	$	478,562
Potential weakness	—		17,560		—		—		—		—		417		—		17,977
Definite weakness - loss unlikely	—		—		—		—		—		—		—		—		—
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total commercial construction	$	63,620	$	253,189	$	107,190	$	24,374	$	22,951	$	6,568	$	16,649	$	1,998	$	496,539

Small business
Pass	$	29,131	$	40,220	$	23,870	$	16,104	$	11,712	$	25,050	$	33,588	$	—	$	179,675
Potential weakness	15		—		386		202		8		188		655		—		1,454
Definite weakness - loss unlikely	—		657		44		45		11		289		688		—		1,734
Partial loss probable	—		—		—		—		—		—		—		—		—
Definite loss	—		—		—		—		—		—		—		—		—
Total small business	$	29,146	$	40,877	$	24,300	$	16,351	$	11,731	$	25,527	$	34,931	$	—	$	182,863

Residential real estate
Pass	$	214,476	$	201,684	$	103,045	$	109,323	$	111,755	$	496,981	$	—	$	—	$	1,237,264
Default	—		—		—		414		—		2,601		—		—		3,015

Total residential real estate	$	214,476	$	201,684	$	103,045	$	109,737	$	111,755	$	499,582	$	—	$	—	$	1,240,279

Home equity
Pass	$	46,378	$	72,942	$	45,918	$	41,749	$	45,468	$	127,241	$	633,065	$	3,962	$	1,016,723
Default	—		—		—		—		—		34		1,651		—		1,685

Total home equity	$	46,378	$	72,942	$	45,918	$	41,749	$	45,468	$	127,275	$	634,716	$	3,962	$	1,018,408

Other consumer
Pass	$	281	$	400	$	304	$	108	$	571	$	6,179	$	15,015	$	—	$	22,858
Default	—		—		—		—		—		—		—		—		—

Total other consumer	$	281	$	400	$	304	$	108	$	571	$	6,179	$	15,015	$	—	$	22,858



Total	$	1,443,866	$	1,957,578	$	1,136,651	$	687,041	$	739,884	$	1,644,534	$	1,323,474	$	5,960	$	8,938,988

(1)Loan origination dates in the tables above reflect the original origination date, or the date of a material modification of a previously originated loan.

(2)Loans originated as part of the Paycheck Protection Program ("PPP") established by the CARES Act are included within commercial and industrial under the 2021 and 2020 vintage year and "pass" category as these loans are 100% guaranteed by the U.S. Government. Outstanding PPP loans totaled $30.6 million and $482.7 million as of June 30, 2022 and 2021, respectively.

Foreclosed Residential Real Estate Property [Table Text Block]

The following table shows information regarding foreclosed residential real estate property at the dates indicated:


	June 30, 2022		December 31, 2021
	(Dollars in thousands)
Foreclosed residential real estate property held by the creditor	$	—	$	—
Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure	$	2,080	$	1,426

Financing Receivable Credit Quality Indicators For Consumer And Residential Portfolio Table Text Block

The following table shows the weighted average FICO scores and the weighted average combined LTV ratios at the dates indicated below:


	June 30 2022		December 31 2021
Residential real estate portfolio
FICO score (re-scored)(1)	752		749
LTV (re-valued)(2)	55.2	%	54.4	%
Home equity portfolio
FICO score (re-scored)(1)	771		772
LTV (re-valued)(2)(3)	41.4	%	42.4	%

(1)The average FICO scores at June 30, 2022 are based upon rescores from June 2022, as available for previously originated loans, or origination score data for loans booked in June 2022. The average FICO scores at December 31, 2021 were based upon rescores available from December 2021, as available for previously originated loans, or origination score data for loans booked in December 2021.

(2)The combined LTV ratios for June 30, 2022 are based upon updated automated valuations as of May 2022, when available, and/or the most current valuation data available. The combined LTV ratios for December 31, 2021 were based upon updated automated valuations as of November 2021, when available, and/or the most current valuation data available as of such date. The updated automated valuations provide new information on loans that may be available since the previous valuation was obtained. If no new information is available, the valuation will default to the previously obtained data or most recent appraisal.

(3)For home equity loans and lines in a subordinate lien, the LTV data represents a combined LTV, taking into account the senior lien data for loans and lines.

Financing Receivable, Past Due [Table Text Block]

The following tables show the age analysis of past due financing receivables as of the dates indicated:


	June 30, 2022
	30-59 days			60-89 days			90 days or more			Total Past Due					Total Financing Receivables		Amortized Cost >90 Days and Accruing
	Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Current
	(Dollars in thousands)
Loan Portfolio
Commercial and industrial	6	$	442	1	$	188	4	$	3,405	11	$	4,035	$	1,537,011	$	1,541,046	$	—
Commercial real estate	5	881		2	24,066		6	15,067		13	40,014		7,751,743		7,791,757		—
Commercial construction	—	—		1	1,669		—	—		1	1,669		1,192,908		1,194,577		—
Small business	3	100		1	5		5	30		9	135		205,818		205,953		—
Residential real estate	14	2,542		3	470		21	2,576		38	5,588		1,838,469		1,844,057		—
Home equity	8	799		3	153		20	1,570		31	2,522		1,062,988		1,065,510		—
Other consumer (1)	410	487		22	205		5	12		437	704		32,160		32,864		—
Total	446	$	5,251	33	$	26,756	61	$	22,660	540	$	54,667	$	13,621,097	$	13,675,764	$	—


	December 31, 2021
	30-59 days			60-89 days			90 days or more			Total Past Due					Total Financing Receivables		Recorded Investment >90 Days and Accruing
	Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Current
	(Dollars in thousands)
Loan Portfolio
Commercial and industrial	7	$	143	2	$	252	2	$	24	11	$	419	$	1,562,860	$	1,563,279	$	—
Commercial real estate	15	32,845		—	—		4	1,339		19	34,184		7,958,160		7,992,344		—
Commercial construction	—	—		—	—		—	—		—	—		1,165,457		1,165,457		—
Small business	11	136		6	53		4	24		21	213		192,976		193,189		—
Residential real estate	12	2,709		5	714		76	3,922		93	7,345		1,597,341		1,604,686		—
Home equity	15	1,375		6	381		21	1,671		42	3,427		1,036,184		1,039,611		—
Other consumer (1)	458	719		41	277		16	112		515	1,108		27,612		28,720		—
Total	518	$	37,927	60	$	1,677	123	$	7,092	701	$	46,696	$	13,540,590	$	13,587,286	$	—

(1)Other consumer portfolio is inclusive of deposit account overdrafts recorded as loan balances.

Financing Receivable, Nonaccrual [Table Text Block]

The following table shows information regarding nonaccrual loans as of the dates indicated:


	Nonaccrual Balances
	June 30, 2022						December 31, 2021
	With Allowance for Credit Losses		Without Allowance for Credit Losses		Total		With Allowance for Credit Losses		Without Allowance for Credit Losses		Total
	(Dollars in thousands)
Commercial and industrial	$	3,465	$	53	$	3,518	$	3,420	$	19	$	3,439
Commercial real estate	16,008		24,066		40,074		10,870		—		10,870

Small business	31		—		31		44		—		44
Residential real estate	7,980		583		8,563		8,580		602		9,182
Home equity	3,514		—		3,514		3,781		—		3,781
Other consumer	215		—		215		504		—		504
Total nonaccrual loans (1)	$	31,213	$	24,702	$	55,915	$	27,199	$	621	$	27,820

(1)Included in these amounts were $1.7 million and $2.0 million of nonaccruing TDRs at June 30, 2022 and December 31, 2021, respectively.

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

The following table shows the Company’s total TDRs and other pertinent information as of the dates indicated:


		June 30, 2022		December 31, 2021
	(Dollars in thousands)
TDRs on accrual status		$	11,734	$	14,635
TDRs on nonaccrual		1,677		1,993
Total TDRs		$	13,411	$	16,628
Additional commitments to lend to a borrower who has been a party to a TDR		$	144	$	190

Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods [Table Text Block]

The following table shows the TDRs which occurred during the three and six months ended June 30, 2021 and the change in the recorded investment subsequent to the modifications occurring:















	Three Months Ended					Six Months Ended
	June 30, 2021					June 30, 2021
	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(Dollars in thousands)
Troubled debt restructurings
Commercial and industrial	—	$	—	$	—	1	$	14,148	$	14,148
Commercial real estate	—	—		—		5	3,964		3,964
Small business	1	89		89		2	189		189



Total (1)	1	$	89	$	89	8	$	18,301	$	18,301

(1)The pre-modification and post-modification balances represent the legal principal balance of the loan. Activity presented in the table above includes $14.3 million of modifications on existing TDR's occurring during the six months ended June 30, 2021.

Troubled Debt Restructurings On Financing Receivables Post Modifications Table Text Block

The following table shows the Company’s post-modification balance of TDRs listed by type of modification for the periods indicated:


	Three Months Ended		Six Months Ended
	June 30		June 30
		2021		2021
	(Dollars in thousands)

Combination rate and maturity		—		14,148

Extended maturity		89		4,153
Total		89		$	18,301