Loans and Leases (Tables)
|
3 Months Ended |
Mar. 31, 2018 |
|---|
| Receivables [Abstract] |
|
| Loans Receivable |
Loans and leases receivable consisted of the following as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
March 31, 2018 |
|
December 31, 2017 |
|
(in thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
909,414 |
|
|
$ |
915,273 |
|
Hospitality |
731,531 |
|
|
681,325 |
|
Other (1)
|
1,423,903 |
|
|
1,417,273 |
|
Total commercial property loans |
3,064,848 |
|
|
3,013,871 |
|
Construction |
57,896 |
|
|
55,190 |
|
Residential property |
545,053 |
|
|
521,853 |
|
Total real estate loans |
3,667,797 |
|
|
3,590,914 |
|
Commercial and industrial loans: |
|
|
|
Commercial term |
184,083 |
|
|
182,685 |
|
Commercial lines of credit |
190,255 |
|
|
181,894 |
|
International loans |
35,042 |
|
|
34,622 |
|
Total commercial and industrial loans |
409,380 |
|
|
399,201 |
|
Leases receivable |
321,481 |
|
|
297,284 |
|
Consumer loans (2)
|
14,899 |
|
|
17,059 |
|
Loans and leases receivable |
4,413,557 |
|
|
4,304,458 |
|
Allowance for loan and lease losses |
(31,777 |
) |
|
(31,043 |
) |
Loans and leases receivable, net |
$ |
4,381,780 |
|
|
$ |
4,273,415 |
|
|
|
(1) |
Includes, among other types, mixed-use, apartment, office, industrial, gas stations, faith-based facilities and warehouse; all other property types represent less than one percent of total loans and leases receivable. |
|
|
(2) |
Consumer loans include home equity lines of credit of $12.7 million and $14.2 million as of March 31, 2018 and December 31, 2017, respectively.
|
|
| Loans Receivable to Loans Held for Sale |
The following is the activity for SBA loans held for sale for the three months ended March 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SBA Loans Held for Sale |
|
Real Estate |
|
Commercial and Industrial |
|
Total |
|
(in thousands) |
March 31, 2018 |
|
|
|
|
|
Balance at beginning of period |
$ |
3,746 |
|
|
$ |
2,648 |
|
|
$ |
6,394 |
|
Originations |
10,433 |
|
|
8,372 |
|
|
18,805 |
|
Sales |
(12,028 |
) |
|
(7,159 |
) |
|
(19,187 |
) |
Principal payoffs and amortization |
— |
|
|
(4 |
) |
|
(4 |
) |
Balance at end of period |
$ |
2,151 |
|
|
$ |
3,857 |
|
|
$ |
6,008 |
|
|
|
|
|
|
|
March 31, 2017 |
|
|
|
|
|
Balance at beginning of period |
$ |
7,410 |
|
|
$ |
1,906 |
|
|
$ |
9,316 |
|
Originations |
12,633 |
|
|
6,559 |
|
|
19,192 |
|
Sales |
(12,254 |
) |
|
(7,389 |
) |
|
(19,643 |
) |
Principal payoffs and amortization |
— |
|
|
(16 |
) |
|
(16 |
) |
Balance at end of period |
$ |
7,789 |
|
|
$ |
1,060 |
|
|
$ |
8,849 |
|
|
| Allowance for Non-PCI Losses and Allowance for Off-Balance Sheet Items |
Activity in the allowance for loan and lease losses was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
As of and for the Three Months Ended |
|
March 31, 2018 |
|
March 31, 2017 |
|
(in thousands) |
Allowance for loan and lease losses: |
|
|
|
Balance at beginning of period |
$ |
31,043 |
|
|
$ |
32,429 |
|
Charge-offs |
(1,632 |
) |
|
(186 |
) |
Recoveries on loans and leases previously charged off |
1,717 |
|
|
989 |
|
Net recoveries |
85 |
|
|
803 |
|
Loan and lease loss provision (income) |
649 |
|
|
(80 |
) |
Balance at end of period |
$ |
31,777 |
|
|
$ |
33,152 |
|
Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
Three Months Ended
March 31, |
|
2018 |
|
2017 |
|
(in thousands) |
Balance at beginning of period |
$ |
1,296 |
|
|
$ |
1,184 |
|
Provision (income) |
27 |
|
|
— |
|
Balance at end of period |
$ |
1,323 |
|
|
$ |
1,184 |
|
|
| Allowance for Loan Losses by Portfolio Segment |
The following table details the information on the allowance for loan and lease losses by portfolio segment as of and for the three months ended March 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate |
|
Commercial
and Industrial
|
|
Leases
Receivable
|
|
Consumer |
|
Unallocated |
|
Total |
|
(In thousands) |
As of and for the Three Months Ended March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan and lease losses on loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
17,012 |
|
|
$ |
7,400 |
|
|
6,279 |
|
|
$ |
122 |
|
|
$ |
230 |
|
|
$ |
31,043 |
|
Charge-offs |
(989 |
) |
|
(279 |
) |
|
(364 |
) |
|
— |
|
|
— |
|
|
(1,632 |
) |
Recoveries on loans and leases previously charged off |
885 |
|
|
736 |
|
|
95 |
|
|
1 |
|
|
— |
|
|
1,717 |
|
Loan and lease loss provision (income) |
732 |
|
|
(967 |
) |
|
1,100 |
|
|
2 |
|
|
(218 |
) |
|
649 |
|
Ending balance |
$ |
17,640 |
|
|
$ |
6,890 |
|
|
$ |
7,110 |
|
|
$ |
125 |
|
|
$ |
12 |
|
|
$ |
31,777 |
|
Individually evaluated for impairment |
$ |
1,549 |
|
|
$ |
357 |
|
|
$ |
1,110 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,016 |
|
Collectively evaluated for impairment |
$ |
16,091 |
|
|
$ |
6,533 |
|
|
$ |
6,000 |
|
|
$ |
125 |
|
|
$ |
12 |
|
|
$ |
28,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases receivable |
$ |
3,667,797 |
|
|
$ |
409,380 |
|
|
$ |
321,481 |
|
|
$ |
14,899 |
|
|
$ |
— |
|
|
$ |
4,413,557 |
|
Individually evaluated for impairment |
$ |
18,513 |
|
|
$ |
2,843 |
|
|
$ |
4,200 |
|
|
$ |
894 |
|
|
$ |
— |
|
|
$ |
26,450 |
|
Collectively evaluated for impairment |
$ |
3,649,284 |
|
|
$ |
406,537 |
|
|
$ |
317,281 |
|
|
$ |
14,005 |
|
|
$ |
— |
|
|
$ |
4,387,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Three Months Ended March 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan and lease losses on loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
26,134 |
|
|
$ |
5,623 |
|
|
307 |
|
|
$ |
199 |
|
|
$ |
166 |
|
|
$ |
32,429 |
|
Charge-offs |
(104 |
) |
|
(40 |
) |
|
(42 |
) |
|
— |
|
|
— |
|
|
(186 |
) |
Recoveries on loans and leases previously charged off |
712 |
|
|
277 |
|
|
— |
|
|
— |
|
|
— |
|
|
989 |
|
Loan and lease loss provision (income) |
(1,140 |
) |
|
95 |
|
|
715 |
|
|
(69 |
) |
|
319 |
|
|
(80 |
) |
Ending balance |
$ |
25,602 |
|
|
$ |
5,955 |
|
|
$ |
980 |
|
|
$ |
130 |
|
|
$ |
485 |
|
|
$ |
33,152 |
|
Individually evaluated for impairment |
$ |
3,756 |
|
|
$ |
791 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,547 |
|
Collectively evaluated for impairment |
$ |
21,846 |
|
|
$ |
5,164 |
|
|
$ |
980 |
|
$ |
— |
|
$ |
130 |
|
|
$ |
485 |
|
|
$ |
28,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases receivable |
$ |
3,348,875 |
|
|
$ |
317,682 |
|
|
$ |
259,591 |
|
|
$ |
17,803 |
|
|
$ |
— |
|
|
$ |
3,943,951 |
|
Individually evaluated for impairment |
$ |
20,795 |
|
|
$ |
3,828 |
|
|
$ |
— |
|
|
$ |
321 |
|
|
$ |
— |
|
|
$ |
24,944 |
|
Collectively evaluated for impairment |
$ |
3,328,080 |
|
|
$ |
313,854 |
|
|
$ |
259,591 |
|
|
$ |
17,482 |
|
|
$ |
— |
|
|
$ |
3,919,007 |
|
|
| Credit Quality of Loan Portfolio |
As of March 31, 2018 and December 31, 2017, pass/pass-watch, special mention and classified loans and leases, disaggregated by loan class, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass/Pass-Watch |
|
Special Mention |
|
Classified |
|
Total |
|
(in thousands) |
March 31, 2018 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
903,510 |
|
|
$ |
375 |
|
|
$ |
5,529 |
|
|
$ |
909,414 |
|
Hospitality |
717,252 |
|
|
4,220 |
|
|
10,059 |
|
|
731,531 |
|
Other |
1,407,438 |
|
|
9,040 |
|
|
7,425 |
|
|
1,423,903 |
|
Construction |
57,896 |
|
|
— |
|
|
— |
|
|
57,896 |
|
Residential property |
544,516 |
|
|
301 |
|
|
236 |
|
|
545,053 |
|
Total real estate loans |
3,630,612 |
|
|
13,936 |
|
|
23,249 |
|
|
3,667,797 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
180,355 |
|
|
757 |
|
|
2,971 |
|
|
184,083 |
|
Commercial lines of credit |
189,514 |
|
|
741 |
|
|
— |
|
|
190,255 |
|
International loans |
35,042 |
|
|
— |
|
|
— |
|
|
35,042 |
|
Total commercial and industrial loans |
404,911 |
|
|
1,498 |
|
|
2,971 |
|
|
409,380 |
|
Leases receivable |
317,281 |
|
|
— |
|
|
4,200 |
|
|
321,481 |
|
Consumer loans |
13,864 |
|
|
202 |
|
|
833 |
|
|
14,899 |
|
Total loans and leases |
$ |
4,366,668 |
|
|
$ |
15,636 |
|
|
$ |
31,253 |
|
|
$ |
4,413,557 |
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
909,682 |
|
|
$ |
454 |
|
|
$ |
5,137 |
|
|
$ |
915,273 |
|
Hospitality |
667,254 |
|
|
4,976 |
|
|
9,095 |
|
|
681,325 |
|
Other |
1,397,658 |
|
|
11,045 |
|
|
8,570 |
|
|
1,417,273 |
|
Construction |
55,190 |
|
|
— |
|
|
— |
|
|
55,190 |
|
Residential property |
521,261 |
|
|
305 |
|
|
287 |
|
|
521,853 |
|
Total real estate loans |
3,551,045 |
|
|
16,780 |
|
|
23,089 |
|
|
3,590,914 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
179,835 |
|
|
439 |
|
|
2,411 |
|
|
182,685 |
|
Commercial lines of credit |
181,462 |
|
|
250 |
|
|
182 |
|
|
181,894 |
|
International loans |
34,622 |
|
|
— |
|
|
— |
|
|
34,622 |
|
Total commercial and industrial loans |
395,919 |
|
|
689 |
|
|
2,593 |
|
|
399,201 |
|
Leases receivable |
292,832 |
|
|
— |
|
|
4,452 |
|
|
297,284 |
|
Consumer loans |
15,995 |
|
|
— |
|
|
1,064 |
|
|
17,059 |
|
Total loans and leases |
$ |
4,255,791 |
|
|
$ |
17,469 |
|
|
$ |
31,198 |
|
|
$ |
4,304,458 |
|
|
| Analysis of Past Due Loans, Disaggregated by Loan Class |
The following is an aging analysis of loans and leases, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days Past Due |
|
60-89 Days Past Due |
|
90 Days or More Past Due |
|
Total Past Due |
|
Current |
|
Total |
|
(in thousands) |
March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
295 |
|
|
$ |
— |
|
|
$ |
689 |
|
|
$ |
984 |
|
|
$ |
908,430 |
|
|
$ |
909,414 |
|
Hospitality |
5,585 |
|
|
— |
|
|
819 |
|
|
6,404 |
|
|
725,127 |
|
|
731,531 |
|
Other |
348 |
|
|
— |
|
|
683 |
|
|
1,031 |
|
|
1,422,872 |
|
|
1,423,903 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
57,896 |
|
|
57,896 |
|
Residential property |
1,715 |
|
|
— |
|
|
— |
|
|
1,715 |
|
|
543,338 |
|
|
545,053 |
|
Total real estate loans |
7,943 |
|
|
— |
|
|
2,191 |
|
|
10,134 |
|
|
3,657,663 |
|
|
3,667,797 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
496 |
|
|
406 |
|
|
259 |
|
|
1,161 |
|
|
182,922 |
|
|
184,083 |
|
Commercial lines of credit |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
190,255 |
|
|
190,255 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
35,042 |
|
|
35,042 |
|
Total commercial and industrial loans |
496 |
|
|
406 |
|
|
259 |
|
|
1,161 |
|
|
408,219 |
|
|
409,380 |
|
Leases receivable |
2,211 |
|
|
816 |
|
|
3,089 |
|
|
6,116 |
|
|
315,365 |
|
|
321,481 |
|
Consumer loans |
6 |
|
|
2 |
|
|
— |
|
|
8 |
|
|
14,891 |
|
|
14,899 |
|
Total loans and leases |
$ |
10,656 |
|
|
$ |
1,224 |
|
|
$ |
5,539 |
|
|
$ |
17,419 |
|
|
$ |
4,396,138 |
|
|
$ |
4,413,557 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
96 |
|
|
$ |
15 |
|
|
$ |
630 |
|
|
$ |
741 |
|
|
$ |
914,532 |
|
|
$ |
915,273 |
|
Hospitality |
3,421 |
|
|
168 |
|
|
398 |
|
|
3,987 |
|
|
677,338 |
|
|
681,325 |
|
Other |
1,245 |
|
|
1,333 |
|
|
563 |
|
|
3,141 |
|
|
1,414,132 |
|
|
1,417,273 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
55,190 |
|
|
55,190 |
|
Residential property |
609 |
|
|
— |
|
|
— |
|
|
609 |
|
|
521,244 |
|
|
521,853 |
|
Total real estate loans |
5,371 |
|
|
1,516 |
|
|
1,591 |
|
|
8,478 |
|
|
3,582,436 |
|
|
3,590,914 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
430 |
|
|
567 |
|
|
829 |
|
|
1,826 |
|
|
180,859 |
|
|
182,685 |
|
Commercial lines of credit |
250 |
|
|
— |
|
|
182 |
|
|
432 |
|
|
181,462 |
|
|
181,894 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
34,622 |
|
|
34,622 |
|
Total commercial and industrial loans |
680 |
|
|
567 |
|
|
1,011 |
|
|
2,258 |
|
|
396,943 |
|
|
399,201 |
|
Leases receivable |
2,295 |
|
|
944 |
|
|
3,554 |
|
|
6,793 |
|
|
290,491 |
|
|
297,284 |
|
Consumer loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
17,059 |
|
|
17,059 |
|
Total loans and leases |
$ |
8,346 |
|
|
$ |
3,027 |
|
|
$ |
6,156 |
|
|
$ |
17,529 |
|
|
$ |
4,286,929 |
|
|
$ |
4,304,458 |
|
|
| Information on Impaired Loans, Disaggregated by Loan Class |
The following tables provide information on impaired loans and leases, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded
Investment |
|
Unpaid
Principal
Balance |
|
With No
Related
Allowance
Recorded |
|
With an
Allowance
Recorded |
|
Related
Allowance |
|
(in thousands) |
March 31, 2018 |
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
Retail |
$ |
1,394 |
|
|
$ |
1,417 |
|
|
$ |
1,336 |
|
|
$ |
58 |
|
|
$ |
5 |
|
Hospitality |
7,413 |
|
|
8,962 |
|
|
3,671 |
|
|
3,742 |
|
|
1,543 |
|
Other |
7,255 |
|
|
7,778 |
|
|
7,140 |
|
|
116 |
|
|
1 |
|
Residential property |
2,450 |
|
|
2,596 |
|
|
2,450 |
|
|
— |
|
|
— |
|
Total real estate loans |
18,512 |
|
|
20,753 |
|
|
14,597 |
|
|
3,916 |
|
|
1,549 |
|
Commercial and industrial loans |
2,843 |
|
|
2,934 |
|
|
1,344 |
|
|
1,499 |
|
|
357 |
|
Leases receivable |
4,200 |
|
|
4,324 |
|
|
934 |
|
|
3,265 |
|
|
1,110 |
|
Consumer loans |
894 |
|
|
1,087 |
|
|
895 |
|
|
— |
|
|
— |
|
Total loans and leases |
$ |
26,449 |
|
|
$ |
29,098 |
|
|
$ |
17,770 |
|
|
$ |
8,680 |
|
|
$ |
3,016 |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
Retail |
$ |
1,403 |
|
|
$ |
1,423 |
|
|
$ |
1,246 |
|
|
$ |
157 |
|
|
$ |
1 |
|
Hospitality |
6,184 |
|
|
7,220 |
|
|
2,144 |
|
|
4,040 |
|
|
1,677 |
|
Other |
8,513 |
|
|
9,330 |
|
|
7,569 |
|
|
944 |
|
|
394 |
|
Residential property |
2,563 |
|
|
2,728 |
|
|
824 |
|
|
1,739 |
|
|
21 |
|
Total real estate loans |
18,663 |
|
|
20,701 |
|
|
11,783 |
|
|
6,880 |
|
|
2,093 |
|
Commercial and industrial loans |
3,039 |
|
|
3,081 |
|
|
1,068 |
|
|
1,971 |
|
|
441 |
|
Leases receivable |
4,452 |
|
|
4,626 |
|
|
455 |
|
|
3,997 |
|
|
3,334 |
|
Consumer loans |
1,029 |
|
|
1,215 |
|
|
919 |
|
|
110 |
|
|
10 |
|
Total loans and leases |
$ |
27,183 |
|
|
$ |
29,623 |
|
|
$ |
14,225 |
|
|
$ |
12,958 |
|
|
$ |
5,878 |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Average Recorded Investment |
|
Interest
Income
Recognized
|
|
(in thousands) |
March 31, 2018 |
|
|
|
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
1,409 |
|
|
$ |
22 |
|
Hospitality |
8,105 |
|
|
141 |
|
Other |
7,843 |
|
|
110 |
|
Residential property |
2,580 |
|
|
30 |
|
Total real estate loans |
19,937 |
|
|
303 |
|
Commercial and industrial loans |
2,914 |
|
|
40 |
|
Leases receivable |
4,603 |
|
|
10 |
|
Consumer loans |
1,048 |
|
|
14 |
|
Total loans and leases |
$ |
28,502 |
|
|
$ |
367 |
|
|
|
|
|
March 31, 2017 |
|
|
|
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
1,667 |
|
|
$ |
31 |
|
Hospitality |
6,254 |
|
|
67 |
|
Other |
10,160 |
|
|
183 |
|
Residential property |
2,773 |
|
|
33 |
|
Total real estate loans |
20,854 |
|
|
314 |
|
Commercial and industrial loans |
3,892 |
|
|
59 |
|
Consumer loans |
324 |
|
|
3 |
|
Total loans and leases |
$ |
25,070 |
|
|
$ |
376 |
|
|
| Summary of Interest Foregone on Impaired Loans |
The following is a summary of interest foregone on impaired loans and leases for the periods indicated:
|
|
|
|
|
|
|
|
|
|
Three Months Ended
March 31, |
|
2018 |
|
2017 |
|
(in thousands) |
Interest income that would have been recognized had impaired loans and leases performed in accordance with their original terms |
$ |
654 |
|
|
$ |
591 |
|
Less: Interest income recognized on impaired loans and leases |
(367 |
) |
|
(376 |
) |
Interest foregone on impaired loans and leases |
$ |
287 |
|
|
$ |
215 |
|
|
| Non-Accrual Loans, Disaggregated by Loan Class |
The following table details nonaccrual loans and leases, excluding nonaccrual PCI loans of $1.0 million and $0.9 million as of March 31, 2018 and December 31, 2017, respectively, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
March 31, 2018 |
|
December 31, 2017 |
|
(in thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
237 |
|
|
$ |
224 |
|
Hospitality |
6,495 |
|
|
5,263 |
|
Other |
1,292 |
|
|
2,462 |
|
Residential property |
451 |
|
|
591 |
|
Total real estate loans |
8,475 |
|
|
8,540 |
|
Commercial and industrial loans: |
|
|
|
Commercial term |
1,881 |
|
|
1,710 |
|
Commercial lines of credit |
— |
|
|
182 |
|
Total commercial and industrial loans |
1,881 |
|
|
1,892 |
|
Leases receivable |
4,200 |
|
|
4,452 |
|
Consumer loans |
789 |
|
|
921 |
|
Total nonaccrual loans and leases |
$ |
15,345 |
|
|
$ |
15,805 |
|
|
| Non-Performing Assets |
The following table details nonperforming assets as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
March 31, 2018 |
|
December 31, 2017 |
|
(in thousands) |
Nonaccrual loans and leases |
$ |
15,345 |
|
|
$ |
15,805 |
|
Loans and leases 90 days or more past due and still accruing |
17 |
|
|
— |
|
Total nonperforming loans and leases |
15,362 |
|
|
15,805 |
|
Other real estate owned ("OREO") |
1,660 |
|
|
1,946 |
|
Total nonperforming assets |
$ |
17,022 |
|
|
$ |
17,751 |
|
|
| Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type |
The following table details TDRs as of March 31, 2018 and December 31, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual TDRs |
|
Accrual TDRs |
|
Deferral
of
Principal |
|
Deferral
of
Principal
and
Interest |
|
Reduction
of
Principal
and
Interest |
|
Extension
of
Maturity |
|
Total |
|
Deferral
of
Principal |
|
Deferral
of
Principal
and
Interest |
|
Reduction
of
Principal
and
Interest |
|
Extension
of
Maturity |
|
Total |
|
(in thousands) |
March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
$ |
1,479 |
|
|
$ |
3,709 |
|
|
$ |
15 |
|
|
$ |
— |
|
|
$ |
5,203 |
|
|
$ |
3,408 |
|
|
$ |
— |
|
|
$ |
1,356 |
|
|
$ |
1,230 |
|
|
5,994 |
|
Commercial and industrial loans |
128 |
|
|
107 |
|
|
740 |
|
|
484 |
|
|
1,459 |
|
|
|
|
|
177 |
|
|
471 |
|
|
369 |
|
|
1,017 |
|
Consumer loans |
789 |
|
|
— |
|
|
— |
|
|
— |
|
|
789 |
|
|
— |
|
|
— |
|
|
104 |
|
|
— |
|
|
104 |
|
Total TDR loans |
$ |
2,396 |
|
|
$ |
3,816 |
|
|
$ |
755 |
|
|
$ |
484 |
|
|
$ |
7,451 |
|
|
$ |
3,408 |
|
|
$ |
177 |
|
|
$ |
1,931 |
|
|
$ |
1,599 |
|
|
$ |
7,115 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
$ |
1,935 |
|
|
$ |
3,761 |
|
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
5,760 |
|
|
$ |
3,409 |
|
|
$ |
— |
|
|
$ |
1,387 |
|
|
$ |
1,237 |
|
|
$ |
6,033 |
|
Commercial and industrial loans |
131 |
|
|
123 |
|
|
1,173 |
|
|
102 |
|
|
1,529 |
|
|
6 |
|
|
182 |
|
|
503 |
|
|
427 |
|
|
1,118 |
|
Consumer loans |
811 |
|
|
— |
|
|
— |
|
|
— |
|
|
811 |
|
|
— |
|
|
— |
|
|
108 |
|
|
— |
|
|
108 |
|
Total TDR loans |
$ |
2,877 |
|
|
$ |
3,884 |
|
|
$ |
1,237 |
|
|
$ |
102 |
|
|
$ |
8,100 |
|
|
$ |
3,415 |
|
|
$ |
182 |
|
|
$ |
1,998 |
|
|
$ |
1,664 |
|
|
$ |
7,259 |
|
|