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LOAN PORTFOLIO AND CREDIT QUALITY (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Summary of the Loan Portfolio
The following table presents a summary of the loan portfolio based on the portfolio segment as of the dates indicated:
 December 31, 2020December 31, 2019
 (In thousands)
Commercial and industrial$558,343 $694,034 
Paycheck Protection Program312,356 — 
Commercial tax-exempt442,159 447,927 
Commercial real estate2,757,375 2,551,274 
Construction and land159,204 225,983 
Residential2,677,464 2,839,155 
Home equity77,364 83,657 
Consumer and other120,044 134,674 
Total$7,104,309 $6,976,704 
Schedule of Nonaccrual Loans Receivable
The following table presents nonaccrual loans receivable by class of receivable as of the dates indicated:
December 31, 2020December 31, 2019
(In thousands)
Commercial and industrial$4,394 $582 
Paycheck Protection Program— — 
Commercial tax-exempt— — 
Commercial real estate5,261 — 
Construction and land— — 
Residential13,780 13,993 
Home equity415 1,525 
Consumer and other1 3 
Total$23,851 $16,103 
Past Due Financing Receivables
The following tables show the payment status of loans receivable by class of receivable as of the dates indicated:
December 31, 2020
Accruing Past DueNonaccrual Loans
30-59
Days
Past
Due 		60-89
Days
Past
Due		Total
Accruing
Past
Due		Current30-89
Days
Past
Due		90 Days
or
Greater
Past
Due		Total
Non-
accrual
Loans		Current
Accruing
Loans		Total
Loans
Receivable
(In thousands)
Commercial and industrial$1,837 $522 $2,359 $3,934 $87 $373 $4,394 $551,590 $558,343 
Paycheck Protection Program— — — — — — — 312,356 312,356 
Commercial tax-exempt— — — — — — — 442,159 442,159 
Commercial real estate136 491 627 — — 5,261 5,261 2,751,487 2,757,375 
Construction and land— — — — — — — 159,204 159,204 
Residential10,960 4,538 15,498 8,183 1,521 4,076 13,780 2,648,186 2,677,464 
Home equity1,107 256 1,363 228 — 187 415 75,586 77,364 
Consumer and other15 — 15 — 1 — 1 120,028 120,044 
Total$14,055 $5,807 $19,862 $12,345 $1,609 $9,897 $23,851 $7,060,596 $7,104,309 

December 31, 2019
Accruing Past DueNonaccrual Loans
30-59
Days
Past
Due 		60-89
Days
Past
Due		Total
Accruing
Past
Due		Current30-89
Days
Past
Due		90 Days
or
Greater
Past
Due		Total
Non-
accrual
Loans		Current
Accruing
Loans		Total
Loans
Receivable
(In thousands)
Commercial and industrial$828 $— $828 $— $241 $341 $582 $692,624 $694,034 
Commercial tax-exempt— — — — — — — 447,927 447,927 
Commercial real estate1,420 — 1,420 — — — — 2,549,854 2,551,274 
Construction and land— — — — — — — 225,983 225,983 
Residential19,133 1,038 20,171 9,593 759 3,641 13,993 2,804,991 2,839,155 
Home equity369 — 369 220 148 1,157 1,525 81,763 83,657 
Consumer and other1,008 2,149 3,157 1 — 2 3 131,514 134,674 
Total$22,758 $3,187 $25,945 $9,814 $1,148 $5,141 $16,103 $6,934,656 $6,976,704 
Schedule of Loan Portfolio's Credit Risk
The following tables present the loan portfolio’s credit risk profile by internally assigned grade and class of receivable as of the dates indicated:
December 31, 2020
By Loan Grade or Nonaccrual Status
PassSpecial
Mention		Accruing
Classified (1)		Nonaccrual
Loans		Total
(In thousands)
Commercial and industrial$519,680 $11,314 $22,955 $4,394 $558,343 
Paycheck Protection Program312,356 — — — 312,356 
Commercial tax-exempt434,850 2,806 4,503 — 442,159 
Commercial real estate2,505,424 170,521 76,169 5,261 2,757,375 
Construction and land156,908 2,296 — — 159,204 
Residential2,660,684 — 3,000 13,780 2,677,464 
Home equity76,693 — 256 415 77,364 
Consumer and other119,743 300 — 1 120,044 
Total$6,786,338 $187,237 $106,883 $23,851 $7,104,309 

December 31, 2019
By Loan Grade or Nonaccrual Status
PassSpecial
Mention		Accruing
Classified (1)		Nonaccrual
Loans		Total
(In thousands)
Commercial and industrial$656,364 $12,101 $24,987 $582 $694,034 
Commercial tax-exempt436,721 7,154 4,052 — 447,927 
Commercial real estate2,495,702 32,014 23,558 — 2,551,274 
Construction and land225,526 457 — — 225,983 
Residential2,820,909 — 4,253 13,993 2,839,155 
Home equity81,060 — 1,072 1,525 83,657 
Consumer and other134,371 300 — 3 134,674 
Total$6,850,653 $52,026 $57,922 $16,103 $6,976,704 
___________________
(1) Accruing Classified may include both Substandard and Doubtful classifications.
The following table presents the loan portfolio’s credit risk profile by loan origination year and class of receivable as of the dates indicated:
December 31, 2020
Loan Origination Year By Loan Grade or Nonaccrual Status
20202019201820172016PriorRevolvingRevolving Converted to Term (2)Total
(In thousands)
Commercial and industrial
Pass$96,230 $80,949 $65,506 $13,378 $17,972 $43,592 $191,252 $10,801 $519,680 
Special Mention358 2,413 1,008 674 — 2,688 3,911 262 11,314 
Accruing Classified (1)1,184 223 6,247 — — 110 8,683 6,508 22,955 
Nonaccrual— 141 350 — 813 14 1,012 2,064 4,394 
Total$97,772 $83,726 $73,111 $14,052 $18,785 $46,404 $204,858 $19,635 $558,343 
Paycheck Protection Program
Pass$312,356 $— $— $— $— $— $— $— $312,356 
Total$312,356 $— $— $— $— $— $— $— $312,356 
Commercial tax-exempt
Pass$53,225 $20,586 $40,451 $24,624 $102,133 $190,798 $— $3,033 $434,850 
Special Mention— — — — — 2,806 — — 2,806 
Accruing Classified (1)— — — — — 4,503 — — 4,503 
Total$53,225 $20,586 $40,451 $24,624 $102,133 $198,107 $— $3,033 $442,159 
Commercial real estate
Pass$311,605 $462,144 $247,228 $308,437 $375,713 $657,563 $126,544 $16,190 $2,505,424 
Special Mention21,661 13,851 12,382 29,461 37,123 56,043 — — 170,521 
Accruing Classified (1)3,161 49,637 14,000 — — 9,371 — — 76,169 
Nonaccrual— 5,212 — — — — 49 — 5,261 
Total$336,427 $530,844 $273,610 $337,898 $412,836 $722,977 $126,593 $16,190 $2,757,375 
Construction and land
Pass$43,042 $63,914 $31,434 $16,288 $2,230 $— $— $— $156,908 
Special Mention— — 2,296 — — — — — 2,296 
Total$43,042 $63,914 $33,730 $16,288 $2,230 $— $— $— $159,204 
Residential
Pass$603,414 $471,237 $366,390 $388,845 $352,330 $478,468 $— $— $2,660,684 
Accruing Classified (1)— — — — — 3,000 — — 3,000 
Nonaccrual— 604 272 2,373 62 10,469 — — 13,780 
Total$603,414 $471,841 $366,662 $391,218 $352,392 $491,937 $— $— $2,677,464 
Home equity
Pass$— $— $252 $— $686 $553 $64,985 $10,217 $76,693 
Accruing Classified (1)— — — — — — — 256 256 
Nonaccrual— — — — — 276 139 — 415 
Total$— $— $252 $— $686 $829 $65,124 $10,473 $77,364 
Consumer and other
Pass$728 $158 $25 $— $81 $574 $118,177 $— $119,743 
Special Mention— — — — — — 300 — 300 
Nonaccrual— — — — — — 1 — 1 
Total$728 $158 $25 $— $81 $574 $118,478 $— $120,044 
Total
Pass$1,420,600 $1,098,988 $751,286 $751,572 $851,145 $1,371,548 $500,958 $40,241 $6,786,338 
Special Mention22,019 16,264 15,686 30,135 37,123 61,537 4,211 262 187,237 
Accruing Classified (1)4,345 49,860 20,247 — — 16,984 8,683 6,764 106,883 
Nonaccrual— 5,957 622 2,373 875 10,759 1,201 2,064 23,851 
Total$1,446,964 $1,171,069 $787,841 $784,080 $889,143 $1,460,828 $515,053 $49,331 $7,104,309 
______________________
(1) Accruing Classified may include both Substandard and Doubtful classifications.
(2) Amounts for revolving loans converted to term loans represent only those loans that have been converted to term loans after December 31, 2016. Due to data limitations, information prior to December 31, 2016 is unavailable.
Impaired Financing Receivables
The following tables present, by class of receivable, the balance of impaired loans with and without a related Allowance for loan losses, the associated Allowance for loan losses for those impaired loans with a related Allowance for loan losses, and the total unpaid principal on impaired loans:
As of and for the year ended December 31, 2020
Recorded Investment (1)Unpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized while Impaired
(In thousands)
With no related allowance recorded:
Commercial and industrial$2,262 $2,307 n/a$2,512 $141 
Paycheck Protection Program— — n/a— — 
Commercial tax-exempt— — n/a302 20 
Commercial real estate5,212 5,384 n/a4,818 33 
Construction and land— — n/a— — 
Residential14,523 14,783 n/a15,509 534 
Home equity367 367 n/a922 16 
Consumer and other— — n/a— — 
Subtotal$22,364 $22,841 n/a$24,063 $744 
With an allowance recorded:
Commercial and industrial$2,053 $2,090 $279 $378 $1 
Paycheck Protection Program— — — — — 
Commercial tax-exempt— — — — — 
Commercial real estate50 50 50 23 — 
Construction and land— — — — — 
Residential419 419 54 498 13 
Home equity256 256 17 264 7 
Consumer and other— — — — — 
Subtotal$2,778 $2,815 $400 $1,163 $21 
Total:
Commercial and industrial$4,315 $4,397 $279 $2,890 $142 
Paycheck Protection Program— — — — — 
Commercial tax-exempt— — — 302 20 
Commercial real estate5,262 5,434 50 4,841 33 
Construction and land— — — — — 
Residential14,942 15,202 54 16,007 547 
Home equity623 623 17 1,186 23 
Consumer and other— — — — — 
Total$25,142 $25,656 $400 $25,226 $765 
___________________
(1)Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.
As of and for the year ended December 31, 2019
Recorded Investment (1)Unpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized while Impaired
(In thousands)
With no related allowance recorded:
Commercial and industrial$470 $553 n/a$1,062 $268 
Commercial tax-exempt— — n/a— — 
Commercial real estate733 733 n/a155 262 
Construction and land— — n/a— — 
Residential15,362 15,622 n/a13,700 636 
Home equity1,557 2,119 n/a2,095 35 
Consumer and other— — n/a— — 
Subtotal$18,122 $19,027 n/a$17,012 $1,201 
With an allowance recorded:
Commercial and industrial$254 $254 $146 $736 $33 
Commercial tax-exempt— — — — — 
Commercial real estate— — — — — 
Construction and land— — — — — 
Residential538 538 67 1,130 23 
Home equity273 273 22 545 4 
Consumer and other— — — — — 
Subtotal$1,065 $1,065 $235 $2,411 $60 
Total:
Commercial and industrial$724 $807 $146 $1,798 $301 
Commercial tax-exempt— — — — — 
Commercial real estate733 733 — 155 262 
Construction and land— — — — — 
Residential15,900 16,160 67 14,830 659 
Home equity1,830 2,392 22 2,640 39 
Consumer and other— — — — — 
Total$19,187 $20,092 $235 $19,423 $1,261 
____________________
(1)Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, if applicable, which was applied to principal.
The following table presents, by class of receivable, the average recorded investment balance of impaired loans and interest income recognized on impaired loans:
Year Ended December 31,
202020192018
Average Recorded InvestmentInterest Income RecognizedAverage Recorded InvestmentInterest Income RecognizedAverage Recorded InvestmentInterest Income Recognized
(In thousands)
Commercial and industrial$2,890 $142 $1,798 $301 $2,245 $84 
Paycheck Protection Program— — n/an/an/an/a
Commercial tax-exempt302 20 — — — — 
Commercial real estate4,841 33 155 262 6,089 2,249 
Construction and land— — — — 50 16 
Residential16,007 547 14,830 659 10,423 430 
Home equity1,186 23 2,640 39 2,000 35 
Consumer and other— — — — 10 3 
Total$25,226 $765 $19,423 $1,261 $20,817 $2,817 
Troubled Debt Restructurings on Financing Receivables
The following tables present the balance of TDRs that were restructured or defaulted during the periods indicated:
As of and for the year ended December 31, 2020
Restructured Year to DateTDRs that defaulted that
were restructured in
prior twelve months
# of LoansPre-modification
recorded investment		Post-modification
recorded investment		# of LoansPost-modification
recorded investment
(In thousands, except number of loans)
Commercial and industrial 4 $1,769 $1,769 1 $49 
Commercial tax-exempt— — — — — 
Commercial real estate — — — — — 
Construction and land — — — — — 
Residential1 2,373 2,373 1 1,562 
Home equity— — — 1 251 
Consumer and other — — — — — 
Total5 $4,142 $4,142 3 $1,862 

As of and for the year ended December 31, 2020
Extension of TermTemporary Rate ReductionPayment DeferralCombination of Concessions (1)Total Concessions
# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment
(In thousands, except number of loans)
Commercial and industrial1 $643 — $— — $— 3 $1,126 4 $1,769 
Commercial tax-exempt— — — — — — — — — — 
Commercial real estate— — — — — — — — — — 
Construction and Land— — — — — — — — — — 
Residential
— — — — 1 2,373 — — 1 2,373 
Home Equity
— — — — — — — — — — 
Consumer and other— — — — — — — — — — 
Total1 $643 — $— 1 $2,373 3 $1,126 5 $4,142 
____________________
(1)Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.
As of and for the year ended December 31, 2019
Restructured Year to DateTDRs that defaulted that
were restructured in
prior twelve months
# of LoansPre-modification
recorded investment		Post-modification
recorded investment		# of LoansPost-modification
recorded investment
(In thousands, except number of loans)
Commercial and industrial2 $449 $449 1 $270 
Commercial tax-exempt— — — — — 
Commercial real estate 1 736 736 — — 
Construction and land — — — — — 
Residential5 6,801 6,845 — — 
Home equity2 525 534 — — 
Consumer and other — — — — — 
Total10 $8,511 $8,564 1 $270 

As of and for the year ended December 31, 2019
Extension of TermTemporary Rate ReductionPayment DeferralCombination of Concessions (1)Total Concessions
# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment		# of LoansPost-
modifi-
cation
recorded
invest-
ment
(In thousands, except number of loans)
Commercial and industrial2 $449 — $— — $— — $— 2 $449 
Commercial tax-exempt— — — — — — — — — $— 
Commercial real estate1 736 — — — — — — 1 $736 
Construction and Land— — — — — — — — — $— 
Residential
— — 2 3,227 3 3,618 — — 5 $6,845 
Home Equity
— — 1 283 1 251 — — 2 $534 
Consumer and other— — — — — — — — — $— 
Total3 $1,185 3 $3,510 4 $3,869 — $— 10 $8,564 
___________________
(1)Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.
Loan Participation Amounts by Loan Type
Loan participations serviced for others and loans serviced for others are not included in the Company's total loans. The following table presents a summary of the loan participations serviced for others and loans serviced for others based on class of receivable as of the dates indicated:
 December 31, 2020December 31, 2019
 (In thousands)
Commercial and industrial$110,589 $14,533 
Commercial tax-exempt17,604 18,101 
Commercial real estate130,551 121,929 
Construction and land93,874 75,451 
Total loan participations serviced for others $352,618 $230,014 
Residential$168,110 $204,696 
Total loans serviced for others$168,110 $204,696