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

3 Months Ended

Mar. 31, 2022

Allowance for Credit Losses and Credit Quality of Loans [Abstract]

Allowance for Loan Losses by Portfolio

The following tables present the activity in the allowance for credit losses by our portfolio segments:

(In thousands)	Commercial Loans			Consumer Loans			Residential			Total
Balance as of December 31, 2021	$	28,941		$	44,253		$	18,806		$	92,000
Charge-offs		(588	)		(3,591	)		(312	)		(4,491	)
Recoveries		93			1,652			150			1,895
Provision		111			1,277			(792	)		596
Ending balance as of March 31, 2022	$	28,557		$	43,591		$	17,852		$	90,000
Balance as of December 31, 2020	$	50,942		$	37,803		$	21,255		$	110,000
Charge-offs		(242	)		(4,348	)		(70	)		(4,660	)
Recoveries		118			2,075			263			2,456
Provision		(773	)		(950	)		(1,073	)		(2,796	)
Ending balance as of March 31, 2021	$	50,045		$	34,580		$	20,375		$	105,000

Past due and Nonperforming Loans by Loan Class

The following table sets forth information with regard to past due and nonperforming loans by loan segment:

(In thousands)	31-60 Days Past Due Accruing		61-90 Days Past Due Accruing		Greater Than 90 Days Past Due Accruing		Total Past Due Accruing		Nonaccrual		Current		Recorded Total Loans
As of March 31, 2022
Commercial loans:
C&I	$	476	$	633	$	-	$	1,109	$	3,345	$	1,171,795	$	1,176,249
CRE		1,066		-		-		1,066		12,552		2,615,792		2,629,410
PPP		77		-		-		77		-		50,900		50,977
Total commercial loans	$	1,619	$	633	$	-	$	2,252	$	15,897	$	3,838,487	$	3,856,636
Consumer loans:
Auto	$	6,250	$	1,038	$	455	$	7,743	$	1,622	$	850,425	$	859,790
Other consumer		3,303		1,643		927		5,873		301		888,977		895,151
Total consumer loans	$	9,553	$	2,681	$	1,382	$	13,616	$	1,923	$	1,739,402	$	1,754,941
Residential	$	1,761	$	532	$	562	$	2,855	$	7,992	$	2,027,402	$	2,038,249
Total loans	$	12,933	$	3,846	$	1,944	$	18,723	$	25,812	$	7,605,291	$	7,649,826

(In thousands)	31-60 Days Past Due Accruing		61-90 Days Past Due Accruing		Greater Than 90 Days Past Due Accruing		Total Past Due Accruing		Nonaccrual		Current		Recorded Total Loans
As of December 31, 2021
Commercial loans:
C&I	$	622	$	-	$	-	$	622	$	3,618	$	1,126,430	$	1,130,670
CRE		1,219		132		-		1,351		12,726		2,550,910		2,564,987
PPP		-		-		-		-		-		101,222		101,222
Total commercial loans	$	1,841	$	132	$	-	$	1,973	$	16,344	$	3,778,562	$	3,796,879
Consumer loans:
Auto	$	6,911	$	1,547	$	545	$	9,003	$	1,295	$	816,210	$	826,508
Other consumer		3,789		1,816		1,105		6,710		233		832,447		839,390
Total consumer loans	$	10,700	$	3,363	$	1,650	$	15,713	$	1,528	$	1,648,657	$	1,665,898
Residential	$	2,481	$	420	$	808	$	3,709	$	12,413	$	2,019,560	$	2,035,682
Total loans	$	15,022	$	3,915	$	2,458	$	21,395	$	30,285	$	7,446,779	$	7,498,459

Financing Receivable Credit Quality by Loan Class

The following tables illustrate the Company’s credit quality by loan class by vintage:

(In thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of March 31, 2022
C&I
By internally assigned grade:
Pass	$	93,408	$	312,325	$	210,961	$	108,348	$	59,572	$	43,397	$	303,639	$	2,964	$	1,134,614
Special mention		-		142		3,497		2,493		1,969		3,192		11,591		-		22,884
Substandard		-		1,468		840		6,790		509		5,300		3,824		19		18,750
Doubtful		-		-		-		-		-		1		-		-		1
Total C&I	$	93,408	$	313,935	$	215,298	$	117,631	$	62,050	$	51,890	$	319,054	$	2,983	$	1,176,249
CRE
By internally assigned grade:
Pass	$	120,316	$	486,375	$	444,779	$	362,644	$	234,268	$	660,198	$	153,714	$	21,009	$	2,483,303
Special mention		616		783		815		10,766		1,122		68,783		-		1,294		84,179
Substandard		-		-		139		4,828		12,796		35,421		4,026		-		57,210
Doubtful		-		-		-		-		-		4,718		-		-		4,718
Total CRE	$	120,932	$	487,158	$	445,733	$	378,238	$	248,186	$	769,120	$	157,740	$	22,303	$	2,629,410
PPP
By internally assigned grade:
Pass	$	-	$	49,017	$	1,960	$	-	$	-	$	-	$	-	$	-	$	50,977
Total PPP	$	-	$	49,017	$	1,960	$	-	$	-	$	-	$	-	$	-	$	50,977
Auto
By payment activity:
Performing	$	140,144	$	320,921	$	112,646	$	158,224	$	83,689	$	42,089	$	-	$	-	$	857,713
Nonperforming		7		743		312		502		305		208		-		-		2,077
Total auto	$	140,151	$	321,664	$	112,958	$	158,726	$	83,994	$	42,297	$	-	$	-	$	859,790
Other consumer
By payment activity:
Performing	$	129,573	$	391,276	$	138,270	$	105,863	$	69,913	$	39,194	$	19,828	$	6	$	893,923
Nonperforming		-		294		304		185		208		217		1		19		1,228
Total other consumer	$	129,573	$	391,570	$	138,574	$	106,048	$	70,121	$	39,411	$	19,829	$	25	$	895,151
Residential
By payment activity:
Performing	$	72,366	$	345,762	$	224,010	$	172,010	$	171,770	$	803,616	$	229,871	$	10,290	$	2,029,695
Nonperforming		-		158		724		317		1,008		6,312		17		18		8,554
Total residential	$	72,366	$	345,920	$	224,734	$	172,327	$	172,778	$	809,928	$	229,888	$	10,308	$	2,038,249
Total loans	$	556,430	$	1,909,264	$	1,139,257	$	932,970	$	637,129	$	1,712,646	$	726,511	$	35,619	$	7,649,826

(In thousands)	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2021
C&I
By internally assigned grade:
Pass	$	335,685	$	219,931	$	114,617	$	64,310	$	20,137	$	32,146	$	280,476	$	15,731	$	1,083,033
Special mention		148		5,255		4,641		2,430		2,699		1,111		11,835		522		28,641
Substandard		1,482		874		7,010		187		2,582		3,272		3,512		34		18,953
Doubtful		-		-		-		1		42		-		-		-		43
Total C&I	$	337,315	$	226,060	$	126,268	$	66,928	$	25,460	$	36,529	$	295,823	$	16,287	$	1,130,670
CRE
By internally assigned grade:
Pass	$	489,300	$	434,866	$	370,377	$	236,274	$	251,082	$	441,310	$	141,367	$	43,942	$	2,408,518
Special mention		789		826		11,235		3,544		15,379		53,372		780		420		86,345
Substandard		-		77		4,539		12,934		12,424		34,563		744		-		65,281
Doubtful		-		-		-		-		-		4,843		-		-		4,843
Total CRE	$	490,089	$	435,769	$	386,151	$	252,752	$	278,885	$	534,088	$	142,891	$	44,362	$	2,564,987
PPP
By internally assigned grade:
Pass	$	92,884	$	8,338	$	-	$	-	$	-	$	-	$	-	$	-	$	101,222
Total PPP	$	92,884	$	8,338	$	-	$	-	$	-	$	-	$	-	$	-	$	101,222
Auto
By payment activity:
Performing	$	351,778	$	129,419	$	183,959	$	101,441	$	46,007	$	12,064	$	-	$	-	$	824,668
Nonperforming		305		319		457		411		266		82		-		-		1,840
Total auto	$	352,083	$	129,738	$	184,416	$	101,852	$	46,273	$	12,146	$	-	$	-	$	826,508
Other consumer
By payment activity:
Performing	$	427,401	$	151,300	$	116,451	$	78,523	$	29,705	$	15,660	$	19,011	$	1	$	838,052
Nonperforming		216		429		249		134		238		33		18		21		1,338
Total other consumer	$	427,617	$	151,729	$	116,700	$	78,657	$	29,943	$	15,693	$	19,029	$	22	$	839,390
Residential
By payment activity:
Performing	$	345,338	$	226,723	$	179,087	$	179,575	$	146,611	$	687,863	$	246,103	$	11,161	$	2,022,461
Nonperforming		-		1,411		643		1,072		1,534		8,522		-		39		13,221
Total residential	$	345,338	$	228,134	$	179,730	$	180,647	$	148,145	$	696,385	$	246,103	$	11,200	$	2,035,682
Total loans	$	2,045,326	$	1,179,768	$	993,265	$	680,836	$	528,706	$	1,294,841	$	703,846	$	71,871	$	7,498,459

Troubled Debt Restructurings on Financing Receivables

The following tables illustrate the recorded investment and number of modifications designated as TDRs, including the recorded investment in the loans prior to a modification and the recorded investment in the loans after restructuring:

	Three Months Ended March 31, 2022						Three Months Ended March 31, 2021
(Dollars in thousands)	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
Residential		2	$	118	$	124		3	$	242	$	252
Total TDRs		2	$	118	$	124		3	$	242	$	252

The following table illustrates the recorded investment and number of modifications for TDRs where a concession has been made and subsequently defaulted during the period:

	Three Months Ended March 31, 2022				Three Months Ended March 31, 2021
(Dollars in thousands)	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Consumer loans:
Auto		1	$	11		2	$	18
Total consumer loans		1	$	11		2	$	18
Residential		20	$	900		17	$	624
Total TDRs		21	$	911		19	$	642