Loans Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Summary of loans receivable

The following table presents loans receivable for each portfolio class of loans:

	At or for the Nine Months ended			At or for the Year ended
(Dollars in thousands)	September 30, 2019			December 31, 2018
Residential real estate loans	$	936,877		887,742
Commercial loans
Real estate	5,548,174			4,657,561
Other commercial	2,145,257			1,911,171
Total	7,693,431			6,568,732
Consumer and other loans
Home equity	615,781			544,688
Other consumer	294,999			286,387
Total	910,780			831,075
Loans receivable	9,541,088			8,287,549
Allowance for loan and lease losses	(125,535)			(131,239)
Loans receivable, net	$	9,415,553		8,156,310
Net deferred origination (fees) costs included in loans receivable	$	(6,617)		(5,685)
Net purchase accounting (discounts) premiums included in loans receivable	$	(23,620)		(25,172)
Weighted-average interest rate on loans (tax-equivalent)	5.21		%	4.97	%

Summary of the activity in the ALLL

The following tables summarize the activity in the ALLL by loan class:

	Three Months ended September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Balance at beginning of period	$	129,054	10,695	72,447	36,259	5,801	3,852
Provision for loan losses	—		(325)	(1,480)	1,220	(777)	1,362
Charge-offs	(5,890)		(141)	(1,858)	(1,399)	—	(2,492)
Recoveries	2,371		8	549	778	17	1,019
Balance at end of period	$	125,535	10,237	69,658	36,858	5,041	3,741

	Three Months ended September 30, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Balance at beginning of period	$	131,564	10,903	71,245	38,664	6,092	4,660
Provision for loan losses	3,194		54	2,922	(257)	(165)	640
Charge-offs	(4,294)		(210)	(909)	(897)	(82)	(2,196)
Recoveries	2,071		7	308	447	83	1,226
Balance at end of period	$	132,535	10,754	73,566	37,957	5,928	4,330

	Nine Months ended September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Balance at beginning of period	$	131,239	10,631	72,448	38,160	5,811	4,189
Provision for loan losses	57		(152)	(1,824)	(524)	(786)	3,343
Charge-offs	(12,090)		(482)	(2,267)	(2,597)	(28)	(6,716)
Recoveries	6,329		240	1,301	1,819	44	2,925
Balance at end of period	$	125,535	10,237	69,658	36,858	5,041	3,741

	Nine Months ended September 30, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Balance at beginning of period	$	129,568	10,798	68,515	39,303	6,204	4,748
Provision for loan losses	8,707		135	5,941	415	(359)	2,575
Charge-offs	(11,905)		(257)	(2,132)	(3,325)	(101)	(6,090)
Recoveries	6,165		78	1,242	1,564	184	3,097
Balance at end of period	$	132,535	10,754	73,566	37,957	5,928	4,330

Summary of ALLL and loans receivable

The following tables disclose the recorded investment in loans and the balance in the ALLL by loan class:

	September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans receivable
Individually evaluated for impairment	$	108,893	9,519	71,751	20,292	4,030	3,301
Collectively evaluated for impairment	9,432,195		927,358	5,476,423	2,124,965	611,751	291,698
Total loans receivable	$	9,541,088	936,877	5,548,174	2,145,257	615,781	294,999
ALLL
Individually evaluated for impairment	$	107	—	61	46	—	—
Collectively evaluated for impairment	125,428		10,237	69,597	36,812	5,041	3,741
Total ALLL	$	125,535	10,237	69,658	36,858	5,041	3,741

	December 31, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans receivable
Individually evaluated for impairment	$	108,788	12,685	68,837	20,975	3,497	2,794
Collectively evaluated for impairment	8,178,761		875,057	4,588,724	1,890,196	541,191	283,593
Total loans receivable	$	8,287,549	887,742	4,657,561	1,911,171	544,688	286,387
ALLL
Individually evaluated for impairment	$	3,223	83	568	2,313	39	220
Collectively evaluated for impairment	128,016		10,548	71,880	35,847	5,772	3,969
Total ALLL	$	131,239	10,631	72,448	38,160	5,811	4,189

Loan portfolio aging analysis

The following tables present an aging analysis of the recorded investment in loans by loan class:

	September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	14,901	1	6,199	4,066	3,026	1,609
Accruing loans 60-89 days past due	15,053		690	1,485	10,128	1,853	897
Accruing loans 90 days or more past due	7,912		1,212	4,350	1,045	681	624
Non-accrual loans	40,017		5,295	23,781	7,299	2,876	766
Total past due and non-accrual loans	77,883		7,198	35,815	22,538	8,436	3,896
Current loans receivable	9,463,205		929,679	5,512,359	2,122,719	607,345	291,103
Total loans receivable	$	9,541,088	936,877	5,548,174	2,145,257	615,781	294,999

	December 31, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	24,312	5,251	9,477	4,282	3,213	2,089
Accruing loans 60-89 days past due	9,255		860	3,231	3,838	735	591
Accruing loans 90 days or more past due	2,018		788	—	492	428	310
Non-accrual loans	47,252		8,021	27,264	8,619	2,575	773
Total past due and non-accrual loans	82,837		14,920	39,972	17,231	6,951	3,763
Current loans receivable	8,204,712		872,822	4,617,589	1,893,940	537,737	282,624
Total loans receivable	$	8,287,549	887,742	4,657,561	1,911,171	544,688	286,387

Summary of impaired loans

The following tables disclose information related to impaired loans by loan class:

	At or for the Three or Nine Months ended September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans with a specific valuation allowance
Recorded balance	$	5,610	—	5,541	69	—	—
Unpaid principal balance	5,612		—	5,541	71	—	—
Specific valuation allowance	107		—	61	46	—	—
Average balance - three months	5,624		22	5,507	84	—	11
Average balance - nine months	11,626		511	6,591	4,360	30	134
Loans without a specific valuation allowance
Recorded balance	103,283		9,519	66,210	20,223	4,030	3,301
Unpaid principal balance	119,582		10,993	76,936	23,356	4,715	3,582
Average balance - three months	99,813		10,129	61,837	21,137	3,626	3,084
Average balance - nine months	94,391		10,397	60,567	17,232	3,421	2,774
Total
Recorded balance	108,893		9,519	71,751	20,292	4,030	3,301
Unpaid principal balance	125,194		10,993	82,477	23,427	4,715	3,582
Specific valuation allowance	107		—	61	46	—	—
Average balance - three months	105,437		10,151	67,344	21,221	3,626	3,095
Average balance - nine months	106,017		10,908	67,158	21,592	3,451	2,908

	At or for the Year ended December 31, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans with a specific valuation allowance
Recorded balance	$	19,197	1,957	9,345	7,268	120	507
Unpaid principal balance	19,491		2,220	9,345	7,268	120	538
Specific valuation allowance	3,223		83	568	2,313	39	220
Average balance	19,519		2,686	8,498	7,081	82	1,172
Loans without a specific valuation allowance
Recorded balance	89,591		10,728	59,492	13,707	3,377	2,287
Unpaid principal balance	107,486		11,989	71,300	17,689	3,986	2,522
Average balance	106,747		10,269	73,889	17,376	3,465	1,748
Total
Recorded balance	108,788		12,685	68,837	20,975	3,497	2,794
Unpaid principal balance	126,977		14,209	80,645	24,957	4,106	3,060
Specific valuation allowance	3,223		83	568	2,313	39	220
Average balance	126,266		12,955	82,387	24,457	3,547	2,920

Summary of TDRs

The following tables present TDRs that occurred during the periods presented and the TDRs that occurred within the previous twelve months that subsequently defaulted during the periods presented:

	Three Months ended September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	6		—	4	2	—	—
Pre-modification recorded balance	$	3,168	—	3,067	101	—	—
Post-modification recorded balance	$	3,168	—	3,067	101	—	—
TDRs that subsequently defaulted
Number of loans	—		—	—	—	—	—
Recorded balance	$	—	—	—	—	—	—

	Three Months ended September 30, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	2		—	—	1	—	1
Pre-modification recorded balance	$	312	—	—	7	—	305
Post-modification recorded balance	$	312	—	—	7	—	305
TDRs that subsequently defaulted
Number of loans	1		1	—	—	—	—
Recorded balance	$	47	47	—	—	—	—

	Nine Months ended September 30, 2019
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	14		1	5	4	1	3
Pre-modification recorded balance	$	5,261	117	4,102	668	103	271
Post-modification recorded balance	$	5,247	123	4,102	668	103	251
TDRs that subsequently defaulted
Number of loans	1		—	—	—	—	1
Recorded balance	$	305	—	—	—	—	305

	Nine Months ended September 30, 2018
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	22		3	8	8	2	1
Pre-modification recorded balance	$	21,582	666	12,901	7,458	252	305
Post-modification recorded balance	$	21,468	666	12,787	7,458	252	305
TDRs that subsequently defaulted
Number of loans	1		1	—	—	—	—
Recorded balance	$	47	47	—	—	—	—