LOANS (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Summary of Loan Portfolio by Category

The following table shows our loan and lease portfolio by category:  

(Dollars in thousands)	March 31, 2020		December 31, 2019
Commercial and industrial	$	2,096,619	$	2,046,798
Owner-occupied commercial	1,313,193		1,296,466
Commercial mortgages	2,223,117		2,222,976
Construction	626,253		581,082
Commercial small business leases	201,753		188,630
Residential(1)	971,541		1,016,500
Consumer(2)	1,118,286		1,128,731
	8,550,762		8,481,183
Less:
Deferred fees, net(3)	—		9,143
Allowance for credit losses	139,073		47,576
Net loans and leases	$	8,411,689	$	8,424,464

⁽¹⁾ Includes reverse mortgages at fair value of $15.8 million at March 31, 2020 and $16.6 million at December 31, 2019.

⁽²⁾ Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

⁽³⁾ At March 31, 2020, deferred fees, net are included in portfolio segment totals to present the amortized cost basis in accordance with our adoption of CECL. At December 31, 2019, deferred fees, net are excluded from portfolio segment totals to present the unpaid principal balance under the incurred loss methodology.