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Loans (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of Loans Receivable
Loans consist of the following:
 
 
September 30, 2019
 
December 31, 2018
(dollars in thousands)
 
PCI
 
All other loans**
 
Total
 
% of Gross Loans
 
PCI
 
All other loans**
 
Total
 
% of Gross Loans
Commercial real estate
 
$
1,732

 
$
930,612


$
932,344

 
65.86
 %
 
$
1,785

 
$
876,231

 
$
878,016

 
65.18
 %
Residential first mortgages
 
451

 
163,276

 
163,727

 
11.57
 %
 
466

 
156,243

 
156,709

 
11.63
 %
Residential rentals
 
317

 
120,853

 
121,170

 
8.56
 %
 
897

 
123,401

 
124,298

 
9.23
 %
Construction and land development
 
—

 
30,774

 
30,774

 
2.17
 %
 
—

 
29,705

 
29,705

 
2.21
 %
Home equity and second mortgages
 
303

 
35,879

 
36,182

 
2.56
 %
 
72

 
35,489

 
35,561

 
2.64
 %
Commercial loans
 
—

 
69,179

 
69,179

 
4.89
 %
 
—

 
71,680

 
71,680

 
5.32
 %
Consumer loans
 
—

 
937

 
937

 
0.07
 %
 
—

 
751

 
751

 
0.06
 %
Commercial equipment
 
—

 
61,104

 
61,104

 
4.32
 %
 
—

 
50,202

 
50,202

 
3.73
 %
Gross loans
 
2,803

 
1,412,614

 
1,415,417

 
100.00
 %
 
3,220

 
1,343,702

 
1,346,922

 
100.00
 %
Net deferred costs
 
—

 
1,691

 
1,691

 
0.12
 %
 
—

 
1,183

 
1,183

 
0.09
 %
Total loans, net of deferred costs
 
$
2,803

 
$
1,414,305

 
$
1,417,108

 
 
 
$
3,220

 
$
1,344,885

 
$
1,348,105

 
 
Less: allowance for loan losses
 
—

 
(11,252
)
 
(11,252
)
 
(0.79
)%
 
—

 
(10,976
)
 
(10,976
)
 
(0.81
)%
Net loans
 
$
2,803

 
$
1,403,053

 
$
1,405,856

 
 
 
$
3,220

 
$
1,333,909

 
$
1,337,129

 
 
______________________________________
**   All other loans include acquired Non-PCI pools.
Non-accrual loans
Non-accrual and Aging Analysis of Current and Past Due Loans
Non-accrual loans as of September 30, 2019 and December 31, 2018 were as follows:
 
 
September 30, 2019
(dollars in thousands)
 
Non-accrual Delinquent Loans
 
Number of Loans
 
Non-accrual Current Loans
 
Number of Loans
 
Total Non-accrual Loans
 
Total Number of Loans
Commercial real estate
 
$
10,256

 
10

 
$
1,603

 
4

 
$
11,859

 
14

Residential first mortgages
 
146

 
1

 
841

 
3

 
987

 
4

Residential rentals
 
—

 
—

 
956

 
5

 
956

 
5

Home equity and second mortgages
 
211

 
5

 
310

 
3

 
521

 
8

Commercial loans
 
822

 
2

 
—

 
—

 
822

 
2

Commercial equipment
 
280

 
5

 
8

 
2

 
288

 
7

 
 
$
11,715

 
23

 
$
3,718

 
17

 
$
15,433

 
40

 
 
December 31, 2018
(dollars in thousands)
 
Non-accrual Delinquent Loans
 
Number of Loans
 
Non-accrual Current Loans
 
Number of Loans
 
Total Non-accrual Loans
 
Total Number of Loans
Commercial real estate
 
$
8,474

 
11

 
$
6,158

 
6

 
$
14,632

 
17

Residential first mortgages
 
146

 
1

 
1,228

 
4

 
1,374

 
5

Residential rentals
 
260

 
2

 
703

 
3

 
963

 
5

Home equity and second mortgages
 
147

 
2

 
—

 
—

 
147

 
2

Commercial loans
 
866

 
2

 
—

 
—

 
866

 
2

Commercial equipment
 
1,259

 
5

 
41

 
2

 
1,300

 
7

 
 
$
11,152

 
23

 
$
8,130

 
15

 
$
19,282

 
38
Past Due Financing Receivables
Past due and PCI loans as of September 30, 2019 and December 31, 2018 were as follows:
 
 
September 30, 2019
(dollars in thousands)
 
31‑60 Days
 
61‑89 Days
 
90 or Greater Days
 
Total Past Due
 
PCI Loans
 
Current
 
Total Loan Receivables
Commercial real estate
 
$
—

 
$
—

 
$
10,255

 
$
10,255

 
$
1,732

 
$
920,357

 
$
932,344

Residential first mortgages
 
—

 
—

 
146

 
146

 
451

 
163,130

 
163,727

Residential rentals
 
—

 
317

 
—

 
317

 
317

 
120,536

 
121,170

Construction and land dev.
 
—

 
—

 
—

 
—

 
—

 
30,774

 
30,774

Home equity and second mtg.
 
5

 
76

 
210

 
291

 
303

 
35,588

 
36,182

Commercial loans
 
1,807

 
3

 
819

 
2,629

 
—

 
66,550

 
69,179

Consumer loans
 
—

 
1

 
—

 
1

 
—

 
936

 
937

Commercial equipment
 
38

 
5

 
243

 
286

 
—

 
60,818

 
61,104

Total
 
$
1,850

 
$
402

 
$
11,673

 
$
13,925

 
$
2,803

 
$
1,398,689

 
$
1,415,417


 
 
December 31, 2018
(dollars in thousands)
 
31‑60 Days
 
61‑89 Days
 
90 or Greater Days
 
Total Past Due
 
PCI Loans
 
Current
 
Total Loan Receivables
Commercial real estate
 
$
—

 
$
677

 
$
8,474

 
$
9,151

 
$
1,785

 
$
867,080

 
$
878,016

Residential first mortgages
 
—

 
66

 
146

 
212

 
466

 
156,031

 
156,709

Residential rentals
 
13

 
53

 
247

 
313

 
897

 
123,088

 
124,298

Construction and land dev.
 
—

 
—

 
—

 
—

 
—

 
29,705

 
29,705

Home equity and second mtg.
 
266

 
—

 
147

 
413

 
72

 
35,076

 
35,561

Commercial loans
 
—

 
—

 
866

 
866

 
—

 
70,814

 
71,680

Consumer loans
 
1

 
4

 
—

 
5

 
—

 
746

 
751

Commercial equipment
 
25

 
29

 
1,230

 
1,284

 
—

 
48,918

 
50,202

Total
 
$
305

 
$
829

 
$
11,110

 
$
12,244

 
$
3,220

 
$
1,331,458

 
$
1,346,922
Impaired Loans, Including TDRs
Impaired Loans and Troubled Debt Restructures (“TDRs”)
Impaired loans, including TDRs, at September 30, 2019 and 2018 and at December 31, 2018 were as follows:
 
 
September 30, 2019
(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
Quarter Average Recorded Investment
 
Quarter Interest Income Recognized
 
YTD Average Recorded Investment
 
YTD Interest Income Recognized
Commercial real estate
 
$
21,159

 
$
16,175

 
$
4,799

 
$
20,974

 
$
444

 
$
21,023

 
$
183

 
$
21,309

 
$
591

Residential first mortgages
 
2,089

 
2,089

 
—

 
2,089

 
—

 
2,098

 
23

 
2,125

 
66

Residential rentals
 
956

 
956

 
—

 
956

 
—

 
961

 
14

 
977

 
44

Construction and land dev.
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Home equity and second mtg.
 
588

 
577

 
—

 
577

 
—

 
580

 
5

 
579

 
21

Commercial loans
 
2,641

 
1,807

 
822

 
2,629

 
822

 
2,648

 
9

 
2,669

 
65

Commercial equipment
 
830

 
601

 
210

 
811

 
210

 
822

 
8

 
846

 
32

Total
 
$
28,263

 
$
22,205

 
$
5,831

 
$
28,036

 
$
1,476

 
$
28,132

 
$
242

 
$
28,505

 
$
819

 
 
September 30, 2018
(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
Quarter Average Recorded Investment
 
Quarter Interest Income Recognized
 
YTD Average Recorded Investment
 
YTD Interest Income Recognized
Commercial real estate
 
$
26,588

 
$
24,664

 
$
1,561

 
$
26,225

 
$
174

 
$
26,297

 
$
340

 
$
26,499

 
$
763

Residential first mortgages
 
2,655

 
2,616

 
—

 
2,616

 
—

 
2,627

 
31

 
2,651

 
90

Residential rentals
 
1,431

 
1,377

 
—

 
1,377

 
—

 
1,382

 
11

 
1,400

 
47

Construction and land dev.
 
729

 
729

 
—

 
729

 
—

 
729

 
11

 
729

 
30

Home equity and second mtg.
 
298

 
293

 
—

 
293

 
—

 
300

 
4

 
304

 
10

Commercial loans
 
2,784

 
1,890

 
883

 
2,773

 
458

 
2,775

 
38

 
2,779

 
89

Consumer loans
 
1

 
—

 
1

 
1

 
1

 
1

 
—

 
1

 
—

Commercial equipment
 
1,577

 
1,132

 
402

 
1,534

 
377

 
1,546

 
3

 
1,588

 
33

Total
 
$
36,063

 
$
32,701

 
$
2,847

 
$
35,548

 
$
1,010

 
$
35,657

 
$
438

 
$
35,951

 
$
1,062

 
 
December 31, 2018
(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
YTD Average Recorded Investment
 
YTD Interest Income Recognized
Commercial real estate
 
$
27,835

 
$
24,515

 
$
3,025

 
$
27,540

 
$
326

 
$
27,833

 
$
1,275

Residential first mortgages
 
2,527

 
2,527

 
—

 
2,527

 
—

 
2,573

 
126

Residential rentals
 
1,745

 
1,745

 
—

 
1,745

 
—

 
1,792

 
85

Construction and land dev.
 
729

 
729

 
—

 
729

 
—

 
729

 
45

Home equity and second mtg.
 
294

 
288

 
—

 
288

 
—

 
291

 
13

Commercial loans
 
2,762

 
1,888

 
863

 
2,751

 
700

 
2,804

 
118

Consumer loans
 
1

 
—

 
1

 
 
 
1

 
1

 
—

Commercial equipment
 
1,315

 
1,121

 
178

 
1,299

 
153

 
1,354

 
31

Total
 
$
37,208

 
$
32,813

 
$
4,067

 
$
36,880

 
$
1,180

 
$
37,377

 
$
1,693
TDRs, Included in Impaired Loans Schedule
TDRs included in the impaired loan schedules above, as of September 30, 2019 and December 31, 2018 were as follows:
 
 
September 30, 2019
 
December 31, 2018
(dollars in thousands)
 
Dollars 
 
Number of Loans
 
Dollars
 
Number of Loans
Commercial real estate
 
$
1,438

 
4

 
$
5,612

 
7

Residential first mortgages
 
64

 
1

 
66

 
1

Residential rentals
 
—

 
—

 
216

 
1

Construction and land development
 
—

 
—

 
729

 
2

Commercial loans
 
—

 
—

 
53

 
1

Commercial equipment
 
571

 
3

 
29

 
1

Total TDRs
 
$
2,073

 
8

 
$
6,705

 
13

Less: TDRs included in non-accrual loans
 
(1,418
)
 
(2
)
 
(29
)
 
(1
)
Total accrual TDR loans
 
$
655

 
6

 
$
6,676

 
12
Allowance for Credit Losses on Financing Receivables
The following tables detail activity in the allowance for loan losses at and for the three and nine months ended September 30, 2019 and 2018, respectively. An allocation of the allowance to one category of loans does not prevent the Company from using that allowance to absorb losses in a different category. There is no allowance for loan loss on the PCI portfolios. A more detailed rollforward schedule will be presented if an PCI allowance is required.
Three Months Ended
 
September 30, 2019
(dollars in thousands)
 
Beginning Balance
 
Charge-offs
 
Recoveries
 
Provisions
 
Ending Balance
Commercial real estate
 
$
7,009

 
$
(144
)
 
$
—

 
$
238

 
$
7,103

Residential first mortgages
 
709

 
—

 
—

 
(80
)
 
629

Residential rentals
 
458

 
—

 
—

 
(51
)
 
407

Construction and land development
 
246

 
—

 
—

 
(52
)
 
194

Home equity and second mortgages
 
131

 
—

 
1

 
(7
)
 
125

Commercial loans
 
1,402

 
—

 
10

 
189

 
1,601

Consumer loans
 
9

 
—

 
—

 
(1
)
 
8

Commercial equipment
 
954

 
—

 
17

 
214

 
1,185

 
 
$
10,918

 
$
(144
)
 
$
28

 
$
450

 
$
11,252

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
September 30, 2019
(dollars in thousands)
 
Beginning Balance
 
Charge-offs
 
Recoveries
 
Provisions
 
Ending Balance
Commercial real estate
 
$
6,882

 
$
(148
)
 
$
15

 
$
354

 
$
7,103

Residential first mortgages
 
755

 
—

 
—

 
(126
)
 
629

Residential rentals
 
498

 
(53
)
 
46

 
(84
)
 
407

Construction and land development
 
310

 
(329
)
 
—

 
213

 
194

Home equity and second mortgages
 
133

 
—

 
5

 
(13
)
 
125

Commercial loans
 
1,482

 
—

 
20

 
99

 
1,601

Consumer loans
 
6

 
(4
)
 
2

 
4

 
8

Commercial equipment
 
910

 
(685
)
 
82

 
878

 
1,185

 
 
$
10,976

 
$
(1,219
)
 
$
170

 
$
1,325

 
$
11,252

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
September 30, 2018
(dollars in thousands)
 
Beginning Balance
 
Charge-offs
 
Recoveries
 
Provisions
 
Ending Balance
Commercial real estate
 
$
6,563

 
$
(32
)
 
$
2

 
$
179

 
$
6,712

Residential first mortgages
 
737

 
(2
)
 
—

 
(44
)
 
691

Residential rentals
 
469

 
(54
)
 
—

 
170

 
585

Construction and land development
 
498

 
—

 
—

 
(203
)
 
295

Home equity and second mortgages
 
104

 
—

 
2

 
71

 
177

Commercial loans
 
1,203

 
2

 
176

 
(167
)
 
1,214

Consumer loans
 
7

 
(1
)
 
—

 
(1
)
 
5

Commercial equipment
 
1,144

 
(132
)
 
13

 
35

 
1,060

 
 
$
10,725

 
$
(219
)
 
$
193

 
$
40

 
$
10,739

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
September 30, 2018
(dollars in thousands)
 
Beginning Balance
 
Charge-offs
 
Recoveries
 
Provisions
 
Ending Balance
Commercial real estate
 
$
6,451

 
$
(268
)
 
$
8

 
$
521

 
$
6,712

Residential first mortgages
 
1,144

 
(115
)
 
—

 
(338
)
 
691

Residential rentals
 
512

 
(54
)
 
—

 
127

 
585

Construction and land development
 
462

 
—

 
—

 
(167
)
 
295

Home equity and second mortgages
 
162

 
(7
)
 
16

 
6

 
177

Commercial loans
 
1,013

 
(86
)
 
176

 
111

 
1,214

Consumer loans
 
7

 
(2
)
 
—

 
—

 
5

Commercial equipment
 
764

 
(431
)
 
47

 
680

 
1,060

 
 
$
10,515

 
$
(963
)
 
$
247

 
$
940

 
$
10,739

 
 
 
 
 
 
 
 
 
 
 

The following tables detail loan receivable and allowance balances disaggregated on the basis of the Company’s impairment methodology at September 30, 2019 and 2018 and December 31, 2018.
 
 
September 30, 2019
 
December 31, 2018
 
September 30, 2018
(dollars in thousands)
 
Ending balance: individually evaluated for impairment
 
Ending balance: collectively evaluated for impairment
 
Purchase Credit Impaired
 
Total
 
Ending balance: individually evaluated for impairment
 
Ending balance: collectively evaluated for impairment
 
Purchase Credit Impaired
 
Total
 
Ending balance: individually evaluated for impairment
 
Ending balance: collectively evaluated for impairment
 
Purchase Credit Impaired
 
Total
Loan Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
$
20,974

 
$
909,638

 
$
1,732

 
$
932,344

 
$
27,540

 
$
848,691

 
$
1,785

 
$
878,016

 
$
26,225

 
$
820,257

 
$
1,463

 
$
847,945

Residential first mortgages
 
2,089

 
161,187

 
451

 
163,727

 
2,527

 
153,716

 
466

 
156,709

 
2,616

 
153,481

 
468

 
156,565

Residential rentals
 
956

 
119,897

 
317

 
121,170

 
1,745

 
121,656

 
897

 
124,298

 
1,377

 
122,745

 
1,261

 
125,383

Construction and land development
 
—

 
30,774

 
—

 
30,774

 
729

 
28,976

 
—

 
29,705

 
729

 
28,059

 
—

 
28,788

Home equity and second mortgages
 
577

 
35,302

 
303

 
36,182

 
288

 
35,201

 
72

 
35,561

 
293

 
35,748

 
319

 
36,360

Commercial loans
 
2,629

 
66,550

 
—

 
69,179

 
2,751

 
68,929

 
—

 
71,680

 
2,773

 
59,310

 
—

 
62,083

Consumer loans
 
—

 
937

 
—

 
937

 
1

 
750

 
—

 
751

 
1

 
729

 
—

 
730

Commercial equipment
 
811

 
60,293

 
—

 
61,104

 
1,299

 
48,903

 
—

 
50,202

 
1,534

 
48,349

 
—

 
49,883

 
 
$
28,036

 
$
1,384,578

 
$
2,803

 
$
1,415,417

 
$
36,880

 
$
1,306,822

 
$
3,220

 
$
1,346,922

 
$
35,548

 
$
1,268,678

 
$
3,511

 
$
1,307,737

Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
$
444

 
$
6,659

 
$
—

 
$
7,103

 
$
326

 
$
6,556

 
$
—

 
$
6,882

 
$
174

 
$
6,538

 
$
—

 
$
6,712

Residential first mortgages
 
—

 
629

 
—

 
629

 
—

 
755

 
—

 
755

 
—

 
691

 
—

 
691

Residential rentals
 
—

 
407

 
—

 
407

 
—

 
498

 
—

 
498

 
—

 
585

 
—

 
585

Construction and land development
 
—

 
194

 
—

 
194

 
—

 
310

 
—

 
310

 
—

 
295

 
—

 
295

Home equity and second mortgages
 
—

 
125

 
—

 
125

 
—

 
133

 
—

 
133

 
—

 
177

 
—

 
177

Commercial loans
 
822

 
779

 
—

 
1,601

 
700

 
782

 
—

 
1,482

 
458

 
756

 
—

 
1,214

Consumer loans
 
—

 
8

 
—

 
8

 
1

 
5

 
—

 
6

 
1

 
4

 
—

 
5

Commercial equipment
 
210

 
975

 
—

 
1,185

 
153

 
757

 
—

 
910

 
377

 
683

 
—

 
1,060

 
 
$
1,476

 
$
9,776

 
$
—

 
$
11,252

 
$
1,180

 
$
9,796

 
$
—

 
$
10,976

 
$
1,010

 
$
9,729

 
$
—

 
$
10,739
Credit Quality Indicators
Credit quality indicators as of September 30, 2019 and December 31, 2018 were as follows:
Credit Risk Profile by Internally Assigned Grade
 
 
Commercial Real Estate
 
Construction and Land Dev.
 
Residential Rentals
(dollars in thousands)
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
Unrated
 
$
103,996

 
$
112,280

 
$
1,654

 
$
2,172

 
$
39,187

 
$
37,478

Pass
 
806,267

 
741,037

 
29,120

 
26,805

 
81,317

 
85,551

Special mention
 
—

 
—

 
—

 
—

 
—

 
—

Substandard
 
22,081

 
24,699

 
—

 
728

 
666

 
1,269

Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
932,344

 
$
878,016

 
$
30,774

 
$
29,705

 
$
121,170

 
$
124,298


 
 
Commercial Loans
 
Commercial Equipment
 
Total Commercial Portfolios
(dollars in thousands)
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
Unrated
 
$
17,792

 
$
19,157

 
$
24,390

 
$
15,373

 
$
187,019

 
$
186,460

Pass
 
48,758

 
49,828

 
36,504

 
33,685

 
1,001,966

 
936,906

Special mention
 
—

 
—

 
—

 
—

 
—

 
—

Substandard
 
2,629

 
2,695

 
210

 
1,144

 
25,586

 
30,535

Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
69,179

 
$
71,680

 
$
61,104

 
$
50,202

 
$
1,214,571

 
$
1,153,901

 
 
Non-Commercial Portfolios **
 
Total All Portfolios
(dollars in thousands)
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
Unrated
 
$
157,831

 
$
146,889

 
$
344,850

 
$
333,349

Pass
 
41,630

 
44,441

 
1,043,596

 
981,347

Special mention
 
—

 
—

 
—

 
—

Substandard
 
1,385

 
1,691

 
26,971

 
32,226

Doubtful
 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

Total
 
$
200,846

 
$
193,021

 
$
1,415,417

 
$
1,346,922

** Non-commercial portfolios are generally evaluated based on payment activity but may be risk graded if part of a larger commercial relationship or are credit impaired (e.g. non-accrual loans, TDRs).
Credit Risk Profile Based on Payment Activity
 
 
Residential First Mortgages
 
Home Equity and Second Mtg.
 
Consumer Loans
(dollars in thousands)
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
 
9/30/2019
 
12/31/2018
Performing
 
$
163,581

 
$
156,563

 
$
35,972

 
$
35,414

 
$
937

 
$
751

Nonperforming
 
146

 
146

 
210

 
147

 
—

 
—

Total
 
$
163,727

 
$
156,709

 
$
36,182

 
$
35,561

 
$
937

 
$
751
Certain Loans Acquired In Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Table
A summary of changes in the accretable yield for PCI loans for the three and nine months ended September 30, 2019 and 2018 and the year ended December 31, 2018 follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Year Ended
(dollars in thousands)
 
2019
 
2018
 
2019
 
2018
 
December 31, 2018
Accretable yield, beginning of period
 
$
779

 
$
401

 
$
734

 
$
—

 
$
—

Additions
 
—

 
—

 
—

 
517

 
517

Accretion
 
(124
)
 
(54
)
 
(246
)
 
(170
)
 
(230
)
Reclassification from (to) nonaccretable difference
 
—

 
—

 
156

 
—

 
134

Other changes, net
 
—

 
—

 
11

 
—

 
313

Accretable yield, end of period
 
$
655

 
$
347

 
$
655

 
$
347

 
$
734
Summary Of Acquired And Non Acquired Loans Table
The following is a summary of acquired and non-acquired loans as of September 30, 2019 and December 31, 2018:
BY ACQUIRED AND NON-ACQUIRED
 
September 30, 2019
 
%
 
December 31, 2018
 
%
Acquired loans - performing
 
$
82,629

 
5.84
%
 
$
103,667

 
7.70
%
Acquired loans - purchase credit impaired ("PCI")
 
2,803

 
0.20
%
 
3,220

 
0.24
%
Total acquired loans
 
85,432

 
6.04
%
 
106,887

 
7.94
%
Non-acquired loans**
 
1,329,985

 
93.96
%
 
1,240,035

 
92.06
%
Gross loans
 
1,415,417

 
 
 
1,346,922

 
 
Net deferred costs (fees)
 
1,691

 
0.12
%
 
1,183

 
0.09
%
Total loans, net of deferred costs
 
$
1,417,108

 
 
 
$
1,348,105

 
 
______________________________
** Non-acquired loans include loans transferred from acquired pools following release of acquisition accounting FMV adjustments.