XML 26 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CREDIT QUALITY ASSESSMENT (Tables)
 12 Months Ended
Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Summary Information on Allowance for Loan and Lease Loss Activity

(In thousands)

 

2019

 

2018

 

2017

Balance at beginning of year

 

$

53,486

 

$

45,257

 

$

44,067

 

Provision for loan losses

 

 

4,684

 

 

9,023

 

 

2,977

 

Loan charge-offs

 

 

(2,668)

 

 

(1,416)

 

 

(2,566)

 

Loan recoveries

 

 

630

 

 

622

 

 

779

 

 

Net charge-offs

 

 

(2,038)

 

 

(794)

 

 

(1,787)

Balance at period end

 

$

56,132

 

$

53,486

 

$

45,257
Activity in Allowance for Loan and Lease Losses by Respective Loan Portfolio Segment

 

 

 

2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(Dollars in thousands)

 

Business

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Balance at beginning of year

 

$

11,377

 

$

5,944

 

$

17,603

 

$

6,307

 

$

2,113

 

$

8,881

 

$

1,261

 

$

53,486

Provision (credit)

 

 

1,164

 

 

1,418

 

 

788

 

 

577

 

 

565

 

 

474

 

 

(302)

 

 

4,684

Charge-offs

 

 

(1,195)

 

 

-

 

 

-

 

 

-

 

 

(783)

 

 

(690)

 

 

-

 

 

(2,668)

Recoveries

 

 

49

 

 

228

 

 

16

 

 

-

 

 

191

 

 

138

 

 

8

 

 

630

 

Net (charge-offs)/ recoveries

 

 

(1,146)

 

 

228

 

 

16

 

 

-

 

 

(592)

 

 

(552)

 

 

8

 

 

(2,038)

Balance at end of period

 

$

11,395

 

$

7,590

 

$

18,407

 

$

6,884

 

$

2,086

 

$

8,803

 

$

967

 

$

56,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

801,019

 

$

684,010

 

$

2,169,156

 

$

1,288,677

 

$

466,764

 

$

1,149,327

 

$

146,279

 

$

6,705,232

Allowance for loans to total loans ratio

 

 

1.42%

 

 

1.11%

 

 

0.85%

 

 

0.53%

 

 

0.45%

 

 

0.77%

 

 

0.66%

 

 

0.84%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans specifically evaluated for impairment

 

$

8,867

 

$

829

 

$

9,212

 

$

4,148

 

 

na.

 

$

1,717

 

$

-

 

$

24,773

Allowance for loans specifically evaluated for impairment

 

$

3,817

 

$

132

 

$

1,529

 

$

23

 

 

na.

 

$

-

 

$

-

 

$

5,501

Specific allowance to specific loans ratio

 

 

43.05%

 

 

15.92%

 

 

16.60%

 

 

0.55%

 

 

na.

 

 

-

 

 

-

 

 

22.21%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans collectively evaluated

 

$

789,613

 

$

683,181

 

$

2,150,400

 

$

1,284,529

 

$

465,771

 

$

1,147,602

 

$

146,279

 

$

6,667,375

Allowance for loans collectively evaluated

 

$

7,578

 

$

7,458

 

$

16,878

 

$

6,861

 

$

2,086

 

$

8,803

 

$

967

 

$

50,631

Collective allowance to collective loans ratio

 

 

0.96%

 

 

1.09%

 

 

0.78%

 

 

0.53%

 

 

0.45%

 

 

0.77%

 

 

0.66%

 

 

0.76%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans acquired with deteriorated credit quality

 

$

2,539

 

$

-

 

$

9,544

 

$

-

 

$

993

 

$

8

 

$

-

 

$

13,084

Allowance for loans acquired with deteriorated credit quality

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

Allowance for loans acquired with deteriorated credit quality ratio

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(Dollars in thousands)

 

Business

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Balance at beginning of year

 

$

8,711

 

$

3,501

 

$

14,970

 

$

7,178

 

$

2,383

 

$

7,268

 

$

1,246

 

$

45,257

Provision (credit)

 

 

2,857

 

 

2,381

 

 

2,677

 

 

(871)

 

 

203

 

 

1,776

 

 

-

 

 

9,023

Charge-offs

 

 

(449)

 

 

-

 

 

(131)

 

 

-

 

 

(611)

 

 

(225)

 

 

-

 

 

(1,416)

Recoveries

 

 

258

 

 

62

 

 

87

 

 

-

 

 

138

 

 

62

 

 

15

 

 

622

 

Net (charge-offs)/ recoveries

 

 

(191)

 

 

62

 

 

(44)

 

 

-

 

 

(473)

 

 

(163)

 

 

15

 

 

(794)

Balance at end of period

 

$

11,377

 

$

5,944

 

$

17,603

 

$

6,307

 

$

2,113

 

$

8,881

 

$

1,261

 

$

53,486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

796,264

 

$

681,201

 

$

1,958,395

 

$

1,202,903

 

$

517,839

 

$

1,228,247

 

$

186,785

 

$

6,571,634

Allowance for loans total loans ratio

 

 

1.43%

 

 

0.87%

 

 

0.90%

 

 

0.52%

 

 

0.41%

 

 

0.72%

 

 

0.68%

 

 

0.81%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans specifically evaluated for impairment

 

$

7,586

 

$

3,306

 

$

5,355

 

$

4,234

 

 

na.

 

$

1,729

 

$

-

 

$

22,210

Allowance for loans specifically evaluated for impairment

 

$

3,594

 

$

-

 

$

1,207

 

$

123

 

 

na.

 

$

-

 

$

-

 

$

4,924

Specific allowance to specific loans ratio

 

 

47.38%

 

 

na.

 

 

22.54%

 

 

2.91%

 

 

na.

 

 

-

 

 

-

 

 

22.17%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans collectively evaluated

 

$

780,523

 

$

677,895

 

$

1,938,712

 

$

1,196,487

 

$

516,567

 

$

1,226,508

 

$

186,785

 

$

6,523,477

Allowance for loans collectively evaluated

 

$

7,783

 

$

5,944

 

$

16,396

 

$

6,184

 

$

2,113

 

$

8,881

 

$

1,261

 

$

48,562

Collective allowance to collective loans ratio

 

 

1.00%

 

 

0.88%

 

 

0.85%

 

 

0.52%

 

 

0.41%

 

 

0.72%

 

 

0.68%

 

 

0.74%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance of loans acquired with deteriorated credit quality

 

$

8,155

 

$

-

 

$

14,328

 

$

2,182

 

$

1,272

 

$

10

 

$

-

 

$

25,947

Allowance for loans acquired with deteriorated credit quality

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

Allowance for loans acquired with deteriorated credit quality ratio

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-
Summary of Impaired Loans

(In thousands)

 

2019

 

2018

 

2017

Impaired loans with a specific allowance

 

$

15,333

 

$

12,876

 

$

11,693

Impaired loans without a specific allowance

 

 

9,440

 

 

9,334

 

 

9,116

 

Total impaired loans

 

$

24,773

 

$

22,210

 

$

20,809

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses related to impaired loans

 

$

5,501

 

$

4,924

 

$

4,014

Allowance for loan related to loans collectively evaluated

 

 

50,631

 

 

48,562

 

 

41,243

 

Total allowance for loan losses

 

$

56,132

 

$

53,486

 

$

45,257

 

 

 

 

 

 

 

 

 

 

 

Average impaired loans for the period

 

$

23,365

 

$

20,211

 

$

23,179

Contractual interest income due on impaired loans during the period

 

$

1,947

 

$

2,513

 

$

2,314

Interest income on impaired loans recognized on a cash basis

 

$

465

 

$

506

 

$

754

Interest income on impaired loans recognized on an accrual basis

 

$

169

 

$

138

 

$

169

 

 

 

 

2019

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Impaired loans with a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

5,608

 

$

829

 

$

5,448

 

$

767

 

$

-

 

$

12,652

 

 

Restructured accruing

 

 

266

 

 

-

 

 

-

 

 

-

 

 

-

 

 

266

 

 

Restructured non-accruing

 

 

1,856

 

 

-

 

 

437

 

 

122

 

 

-

 

 

2,415

 

Balance

 

$

7,730

 

$

829

 

$

5,885

 

$

889

 

$

-

 

$

15,333

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance

 

$

3,817

 

$

132

 

$

1,529

 

$

23

 

$

-

 

$

5,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

114

 

$

-

 

$

2,552

 

$

1,522

 

$

-

 

$

4,188

 

 

Restructured accruing

 

 

151

 

 

-

 

 

775

 

 

-

 

 

1,444

 

 

2,370

 

 

Restructured non-accruing

 

 

872

 

 

-

 

 

-

 

 

1,737

 

 

273

 

 

2,882

 

Balance

 

$

1,137

 

$

-

 

$

3,327

 

$

3,259

 

$

1,717

 

$

9,440

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

5,722

 

$

829

 

$

8,000

 

$

2,289

 

$

-

 

$

16,840

 

 

Restructured accruing

 

 

417

 

 

-

 

 

775

 

 

-

 

 

1,444

 

 

2,636

 

 

Restructured non-accruing

 

 

2,728

 

 

-

 

 

437

 

 

1,859

 

 

273

 

 

5,297

 

Balance

 

$

8,867

 

$

829

 

$

9,212

 

$

4,148

 

$

1,717

 

$

24,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unpaid principal balance in total impaired loans

 

$

11,296

 

$

829

 

$

13,805

 

$

6,072

 

$

2,618

 

$

34,620

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Average impaired loans for the period

 

$

7,781

 

$

2,052

 

$

7,565

 

$

4,390

 

$

1,577

 

$

23,365

Contractual interest income due on impaired loans during the period

 

$

648

 

$

127

 

$

786

 

$

258

 

$

128

 

 

 

Interest income on impaired loans recognized on a cash basis

 

$

221

 

$

-

 

$

49

 

$

187

 

$

8

 

 

 

Interest income on impaired loans recognized on an accrual basis

 

$

62

 

$

-

 

$

39

 

$

-

 

$

68

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Impaired loans with a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

4,126

 

$

-

 

$

5,117

 

$

767

 

$

-

 

$

10,010

 

 

Restructured accruing

 

 

328

 

 

-

 

 

-

 

 

-

 

 

-

 

 

328

 

 

Restructured non-accruing

 

 

1,766

 

 

-

 

 

-

 

 

772

 

 

-

 

 

2,538

 

Balance

 

$

6,220

 

$

-

 

$

5,117

 

$

1,539

 

$

-

 

$

12,876

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance

 

$

3,594

 

$

-

 

$

1,207

 

$

123

 

$

-

 

$

4,924

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a specific allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

220

 

$

3,170

 

$

238

 

$

1,216

 

$

-

 

$

4,844

 

 

Restructured accruing

 

 

172

 

 

-

 

 

-

 

 

-

 

 

1,442

 

 

1,614

 

 

Restructured non-accruing

 

 

974

 

 

136

 

 

-

 

 

1,479

 

 

287

 

 

2,876

 

Balance

 

$

1,366

 

$

3,306

 

$

238

 

$

2,695

 

$

1,729

 

$

9,334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accruing

 

$

4,346

 

$

3,170

 

$

5,355

 

$

1,983

 

$

-

 

$

14,854

 

 

Restructured accruing

 

 

500

 

 

-

 

 

-

 

 

-

 

 

1,442

 

 

1,942

 

 

Restructured non-accruing

 

 

2,740

 

 

136

 

 

-

 

 

2,251

 

 

287

 

 

5,414

 

Balance

 

$

7,586

 

$

3,306

 

$

5,355

 

$

4,234

 

$

1,729

 

$

22,210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unpaid principal balance in total impaired loans

 

$

11,056

 

$

4,419

 

$

9,909

 

$

6,656

 

$

3,081

 

$

35,121

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Total Recorded

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

Investment in

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

Impaired

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Loans

Average impaired loans for the period

 

$

7,685

 

$

770

 

$

5,696

 

$

3,823

 

$

2,237

 

$

20,211

Contractual interest income due on impaired loans during the period

 

$

858

 

$

495

 

$

610

 

$

407

 

$

143

 

 

 

Interest income on impaired loans recognized on a cash basis

 

$

215

 

$

-

 

$

20

 

$

175

 

$

96

 

 

 

Interest income on impaired loans recognized on an accrual basis

 

$

63

 

$

-

 

$

-

 

$

-

 

$

75

 

 

 
Schedule of non-performing loans and assets

 

 

 

2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Non-performing loans and assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans (1)

 

$

8,450

 

$

829

 

$

8,437

 

$

4,148

 

$

4,107

 

$

12,661

 

$

-

 

$

38,632

 

Loans 90 days past due

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Restructured loans

 

 

417

 

 

-

 

 

775

 

 

-

 

 

364

 

 

1,080

 

 

-

 

 

2,636

Total non-performing loans

 

 

8,867

 

 

829

 

 

9,212

 

 

4,148

 

 

4,471

 

 

13,741

 

 

-

 

 

41,268

 

Other real estate owned

 

 

39

 

 

665

 

 

409

 

 

-

 

 

64

 

 

305

 

 

-

 

 

1,482

Total non-performing assets

 

$

8,906

 

$

1,494

 

$

9,621

 

$

4,148

 

$

4,535

 

$

14,046

 

$

-

 

$

42,750

(1) Includes $2.9 million of loans acquired from WashingtonFirst and considered performing at the acquisition date.

 

 

 

2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Non-performing loans and assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans (1)

 

$

7,086

 

$

3,306

 

$

5,355

 

$

4,234

 

$

4,107

 

$

9,336

 

$

159

 

$

33,583

 

Loans 90 days past due

 

 

49

 

 

-

 

 

-

 

 

-

 

 

219

 

 

221

 

 

-

 

 

489

 

Restructured loans

 

 

500

 

 

-

 

 

-

 

 

-

 

 

-

 

 

1,442

 

 

-

 

 

1,942

Total non-performing loans

 

 

7,635

 

 

3,306

 

 

5,355

 

 

4,234

 

 

4,326

 

 

10,999

 

 

159

 

 

36,014

 

Other real estate owned

 

 

39

 

 

315

 

 

409

 

 

-

 

 

-

 

 

821

 

 

-

 

 

1,584

Total non-performing assets

 

$

7,674

 

$

3,621

 

$

5,764

 

$

4,234

 

$

4,326

 

$

11,820

 

$

159

 

$

37,598

(1) Includes $4.8 million of loans acquired from WashingtonFirst and considered performing at the acquisition date.

 

 

 

 

2019

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Past due loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 days

 

$

908

 

$

-

 

$

932

 

$

316

 

$

2,697

 

$

14,853

 

$

280

 

$

19,986

 

61-90 days

 

 

370

 

 

-

 

 

-

 

 

-

 

 

1,517

 

 

4,541

 

 

1,334

 

 

7,762

 

> 90 days

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Total past due

 

 

1,278

 

 

-

 

 

932

 

 

316

 

 

4,214

 

 

19,394

 

 

1,614

 

 

27,748

 

Non-accrual loan (1)

 

 

8,450

 

 

829

 

 

8,437

 

 

4,148

 

 

4,107

 

 

12,661

 

 

-

 

 

38,632

 

Loans acquired with deteriorated credit quality

 

2,539

 

 

-

 

 

9,544

 

 

-

 

 

993

 

 

8

 

 

-

 

 

13,084

 

Current loans

 

 

788,752

 

 

683,181

 

 

2,150,243

 

 

1,284,213

 

 

457,450

 

 

1,117,264

 

 

144,665

 

 

6,625,768

 

 

Total loans

 

$

801,019

 

$

684,010

 

$

2,169,156

 

$

1,288,677

 

$

466,764

 

$

1,149,327

 

$

146,279

 

$

6,705,232

 

(1) Includes $2.9 million of loans acquired from WashingtonFirst and considered performing at the acquisition date.

 

 

 

 

2018

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Consumer

 

Mortgage

 

Construction

 

Total

Past due loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 days

 

$

2,737

 

$

474

 

$

3,041

 

$

433

 

$

3,871

 

$

8,181

 

$

3,226

 

$

21,963

 

61-90 days

 

 

-

 

 

-

 

 

789

 

 

-

 

 

1,477

 

 

2,517

 

 

-

 

 

4,783

 

> 90 days

 

 

49

 

 

-

 

 

-

 

 

-

 

 

219

 

 

221

 

 

-

 

 

489

 

Total past due

 

 

2,786

 

 

474

 

 

3,830

 

 

433

 

 

5,567

 

 

10,919

 

 

3,226

 

 

27,235

 

Non-accrual loans (1)

 

 

7,086

 

 

3,306

 

 

5,355

 

 

4,234

 

 

4,107

 

 

9,336

 

 

159

 

 

33,583

 

Loans acquired with deteriorated credit quality

 

8,155

 

 

-

 

 

14,328

 

 

2,182

 

 

1,272

 

 

10

 

 

-

 

 

25,947

 

Current loans

 

 

778,237

 

 

677,421

 

 

1,934,882

 

 

1,196,054

 

 

506,893

 

 

1,207,982

 

 

183,400

 

 

6,484,869

 

 

Total loans

 

$

796,264

 

$

681,201

 

$

1,958,395

 

$

1,202,903

 

$

517,839

 

$

1,228,247

 

$

186,785

 

$

6,571,634

 

(1) Includes $4.8 million of loans acquired from WashingtonFirst and considered performing at the acquisition date.
Restructured Loans for Specific Segments of Loan Portfolio

 

 

 

For the Year Ended December 31, 2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Total

Troubled debt restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured accruing

 

$

170

 

$

-

 

$

775

 

$

-

 

$

364

 

$

1,309

 

Restructured non-accruing

 

 

261

 

 

-

 

 

789

 

 

-

 

 

-

 

 

1,050

Balance

 

$

431

 

$

-

 

$

1,564

 

$

-

 

$

364

 

$

2,359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specific allowance

 

$

196

 

$

-

 

$

205

 

$

-

 

$

-

 

$

401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured and subsequently defaulted

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

 

 

For the Year Ended December 31, 2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

All

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

Other

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Loans

 

Total

Troubled debt restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured accruing

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

Restructured non-accruing

 

 

1,464

 

 

-

 

 

-

 

 

158

 

 

-

 

 

1,622

Balance

 

$

1,464

 

$

-

 

$

-

 

$

158

 

$

-

 

$

1,622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specific allowance

 

$

563

 

$

-

 

$

-

 

$

-

 

$

-

 

$

563

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructured and subsequently defaulted

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-
Commercial  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Quality of Loan Portfolio by Segment

 

 

 

2019

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Total

 

Pass

 

$

783,909

 

$

683,181

 

$

2,146,971

 

$

1,278,337

 

$

4,892,398

 

Special Mention (1)

 

 

2,487

 

 

-

 

 

3,189

 

 

2,284

 

 

7,960

 

Substandard (2)

 

 

14,623

 

 

829

 

 

18,996

 

 

8,056

 

 

42,504

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Total

 

$

801,019

 

$

684,010

 

$

2,169,156

 

$

1,288,677

 

$

4,942,862

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes $0.8 million of loans acquired from WashingtonFirst and considered performing at the acquisition date.

(2) Includes $11.7 million of purchased credit impaired loans acquired from WashingtonFirst and $6.7 million of loans acquired from WashingtonFirst and considered

performing at the acquisition date.

 

 

 

2018

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial

 

Owner

 

 

 

(In thousands)

 

Commercial

 

AD&C

 

Investor R/E

 

Occupied R/E

 

Total

 

Pass

 

$

773,958

 

$

677,574

 

$

1,934,886

 

$

1,189,903

 

$

4,576,321

 

Special Mention (1)

 

 

1,942

 

 

321

 

 

3,826

 

 

2,738

 

 

8,827

 

Substandard (2)

 

 

20,364

 

 

3,306

 

 

19,683

 

 

10,262

 

 

53,615

 

Doubtful

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Total

 

$

796,264

 

$

681,201

 

$

1,958,395

 

$

1,202,903

 

$

4,638,763

(1) Includes $4.2 million of loans acquired from WashingtonFirst and considered performing at the acquisition date.

(2) Includes $24.3 million of purchased credit impaired loans acquired from WashingtonFirst and $7.2 million of loans acquired from WashingtonFirst and considered

performing at the acquisition date.
Non Commercial Loan  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Quality of Loan Portfolio by Segment

 

 

 

 

2019

 

 

 

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Consumer

 

Mortgage

 

Construction

 

Total

 

Performing

 

$

462,293

 

$

1,135,586

 

$

146,279

 

$

1,744,158

 

Non-performing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days past due

 

 

-

 

 

-

 

 

-

 

 

-

 

 

Non-accruing (1)

 

 

4,107

 

 

12,661

 

 

-

 

 

16,768

 

 

Restructured loans

 

 

364

 

 

1,080

 

 

-

 

 

1,444

Total

 

$

466,764

 

$

1,149,327

 

$

146,279

 

$

1,762,370

(1) Includes $1.2 million of consumer loans acquired from WashingtonFirst and considered performing at the acquisition date.
Credit Risk Rating Indicators

 

 

 

2018

 

 

 

 

 

 

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

 

Residential

 

Residential

 

 

 

(In thousands)

 

Consumer

 

Mortgage

 

Construction

 

Total

 

Performing

 

$

513,513

 

$

1,217,248

 

$

186,626

 

$

1,917,387

 

Non-performing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days past due

 

 

219

 

 

221

 

 

-

 

 

440

 

 

Non-accruing (1)

 

 

4,107

 

 

9,336

 

 

159

 

 

13,602

 

 

Restructured loans

 

 

-

 

 

1,442

 

 

-

 

 

1,442

Total

 

$

517,839

 

$

1,228,247

 

$

186,785

 

$

1,932,871

 

(1) Includes $1.3 million of consumer loans acquired from WashingtonFirst and considered performing at the acquisition date.