Loans and Leases (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
|---|
| Receivables [Abstract] |
|
| Loans Receivable |
Loans and leases receivable consisted of the following as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
December 31, 2018 |
|
(in thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
898,632 |
|
|
$ |
906,260 |
|
Hospitality |
812,592 |
|
|
830,679 |
|
Other (1)
|
1,436,593 |
|
|
1,449,270 |
|
Total commercial property loans |
3,147,817 |
|
|
3,186,209 |
|
Construction |
82,709 |
|
|
71,583 |
|
Residential property |
483,830 |
|
|
500,563 |
|
Total real estate loans |
3,714,356 |
|
|
3,758,355 |
|
Commercial and industrial loans: |
|
|
|
Commercial term |
186,471 |
|
|
206,691 |
|
Commercial lines of credit |
196,213 |
|
|
194,032 |
|
International loans |
39,818 |
|
|
29,180 |
|
Total commercial and industrial loans |
422,502 |
|
|
429,903 |
|
Leases receivable |
425,530 |
|
|
398,858 |
|
Consumer loans (2)
|
13,232 |
|
|
13,424 |
|
Loans and leases receivable |
4,575,620 |
|
|
4,600,540 |
|
Allowance for loan and lease losses |
(32,896 |
) |
|
(31,974 |
) |
Loans and leases receivable, net |
$ |
4,542,724 |
|
|
$ |
4,568,566 |
|
|
|
(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 $9.9 million and $10.3 million as of March 31, 2019 and December 31, 2018, 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, 2019 and 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SBA Loans Held for Sale |
|
Real Estate |
|
Commercial and Industrial |
|
Total |
|
(in thousands) |
March 31, 2019 |
|
|
|
|
|
Balance at beginning of period |
$ |
5,194 |
|
|
$ |
4,196 |
|
|
$ |
9,390 |
|
Originations |
9,064 |
|
|
4,159 |
|
|
13,223 |
|
Sales |
(7,756 |
) |
|
(7,703 |
) |
|
(15,459 |
) |
Principal payoffs and amortization |
(2 |
) |
|
(12 |
) |
|
(14 |
) |
Balance at end of period |
$ |
6,500 |
|
|
$ |
640 |
|
|
$ |
7,140 |
|
|
|
|
|
|
|
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 |
|
|
| 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, |
|
2019 |
|
2018 |
|
(in thousands) |
Balance at beginning of period |
$ |
31,974 |
|
|
$ |
31,043 |
|
Loans and leases charged off |
(1,107 |
) |
|
(1,632 |
) |
Recoveries on loans and leases previously charged off |
912 |
|
|
1,717 |
|
Net (charge-offs) recoveries |
(195 |
) |
|
85 |
|
Loan and lease loss provision |
1,117 |
|
|
649 |
|
Balance at end of period |
$ |
32,896 |
|
|
$ |
31,777 |
|
Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2019 |
|
2018 |
|
(in thousands) |
Balance at beginning of period |
$ |
1,439 |
|
|
$ |
1,296 |
|
(Income) provision |
(339 |
) |
|
27 |
|
Balance at end of period |
$ |
1,100 |
|
|
$ |
1,323 |
|
|
| 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, 2019 and 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate |
|
Commercial
and Industrial
|
|
Leases
Receivable
|
|
Consumer |
|
Unallocated |
|
Total |
|
(in thousands) |
As of and for the Three Months Ended March 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan and lease losses on loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
18,384 |
|
|
$ |
7,162 |
|
|
6,303 |
|
|
$ |
98 |
|
|
$ |
27 |
|
|
$ |
31,974 |
|
Less loans and leases charged off |
(122 |
) |
|
(133 |
) |
|
(852 |
) |
|
— |
|
|
— |
|
|
(1,107 |
) |
Recoveries on loans and leases previously charged off |
440 |
|
|
382 |
|
|
90 |
|
|
— |
|
|
— |
|
|
912 |
|
Loan and lease loss provision (income) |
(396 |
) |
|
1,300 |
|
|
39 |
|
|
(9 |
) |
|
183 |
|
|
1,117 |
|
Ending balance |
$ |
18,306 |
|
|
$ |
8,711 |
|
|
$ |
5,580 |
|
|
$ |
89 |
|
|
$ |
210 |
|
|
$ |
32,896 |
|
Individually evaluated for impairment |
$ |
— |
|
|
$ |
3,269 |
|
|
$ |
1,099 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,368 |
|
Collectively evaluated for impairment |
$ |
18,306 |
|
|
$ |
5,442 |
|
|
$ |
4,481 |
|
|
$ |
89 |
|
|
$ |
210 |
|
|
$ |
28,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases receivable: |
$ |
3,714,356 |
|
|
$ |
422,502 |
|
|
$ |
425,530 |
|
|
$ |
13,232 |
|
|
$ |
— |
|
|
$ |
4,575,620 |
|
Individually evaluated for impairment |
$ |
14,015 |
|
|
$ |
23,114 |
|
|
$ |
4,783 |
|
|
$ |
1,370 |
|
|
$ |
— |
|
|
$ |
43,282 |
|
Collectively evaluated for impairment |
$ |
3,700,341 |
|
|
$ |
399,388 |
|
|
$ |
420,747 |
|
|
$ |
11,862 |
|
|
$ |
— |
|
|
$ |
4,532,338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
Less loans and leases charged off |
(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 |
|
|
| Credit Quality of Loan Portfolio |
As of March 31, 2019 and December 31, 2018, 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, 2019 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
891,084 |
|
|
$ |
3,320 |
|
|
$ |
4,228 |
|
|
$ |
898,632 |
|
Hospitality |
803,895 |
|
|
163 |
|
|
8,534 |
|
|
812,592 |
|
Other |
1,422,697 |
|
|
3,037 |
|
|
10,859 |
|
|
1,436,593 |
|
Total commercial property loans |
3,117,676 |
|
|
6,520 |
|
|
23,621 |
|
|
3,147,817 |
|
Construction |
82,709 |
|
|
— |
|
|
— |
|
|
82,709 |
|
Residential property |
482,614 |
|
|
808 |
|
|
408 |
|
|
483,830 |
|
Total real estate loans |
3,682,999 |
|
|
7,328 |
|
|
24,029 |
|
|
3,714,356 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
179,424 |
|
|
449 |
|
|
6,598 |
|
|
186,471 |
|
Commercial lines of credit |
178,558 |
|
|
743 |
|
|
16,912 |
|
|
196,213 |
|
International loans |
39,818 |
|
|
— |
|
|
— |
|
|
39,818 |
|
Total commercial and industrial loans |
397,800 |
|
|
1,192 |
|
|
23,510 |
|
|
422,502 |
|
Leases receivable |
420,747 |
|
|
— |
|
|
4,783 |
|
|
425,530 |
|
Consumer loans |
11,731 |
|
|
737 |
|
|
764 |
|
|
13,232 |
|
Total |
$ |
4,513,277 |
|
|
$ |
9,257 |
|
|
$ |
53,086 |
|
|
$ |
4,575,620 |
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
901,354 |
|
|
$ |
16 |
|
|
$ |
4,890 |
|
|
$ |
906,260 |
|
Hospitality |
821,542 |
|
|
168 |
|
|
8,969 |
|
|
830,679 |
|
Other |
1,441,219 |
|
|
2,723 |
|
|
5,328 |
|
|
1,449,270 |
|
Total commercial property loans |
3,164,115 |
|
|
2,907 |
|
|
19,187 |
|
|
3,186,209 |
|
Construction |
71,583 |
|
|
— |
|
|
— |
|
|
71,583 |
|
Residential property |
500,424 |
|
|
— |
|
|
139 |
|
|
500,563 |
|
Total real estate loans |
3,736,122 |
|
|
2,907 |
|
|
19,326 |
|
|
3,758,355 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
197,992 |
|
|
4,977 |
|
|
3,722 |
|
|
206,691 |
|
Commercial lines of credit |
172,338 |
|
|
21,107 |
|
|
587 |
|
|
194,032 |
|
International loans |
29,180 |
|
|
— |
|
|
— |
|
|
29,180 |
|
Total commercial and industrial loans |
399,510 |
|
|
26,084 |
|
|
4,309 |
|
|
429,903 |
|
Leases receivable |
393,729 |
|
|
— |
|
|
5,129 |
|
|
398,858 |
|
Consumer loans |
12,454 |
|
|
191 |
|
|
779 |
|
|
13,424 |
|
Total |
$ |
4,541,815 |
|
|
$ |
29,182 |
|
|
$ |
29,543 |
|
|
$ |
4,600,540 |
|
|
| 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, 2019 |
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
239 |
|
|
$ |
161 |
|
|
$ |
84 |
|
|
$ |
484 |
|
|
$ |
898,148 |
|
|
$ |
898,632 |
|
Hospitality |
1,099 |
|
|
— |
|
|
2,793 |
|
|
3,892 |
|
|
808,700 |
|
|
812,592 |
|
Other |
58 |
|
|
354 |
|
|
1,016 |
|
|
1,428 |
|
|
1,435,165 |
|
|
1,436,593 |
|
Total commercial property loans |
1,396 |
|
|
515 |
|
|
3,893 |
|
|
5,804 |
|
|
3,142,013 |
|
|
3,147,817 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
82,709 |
|
|
82,709 |
|
Residential property |
2,392 |
|
|
— |
|
|
273 |
|
|
2,665 |
|
|
481,165 |
|
|
483,830 |
|
Total real estate loans |
3,788 |
|
|
515 |
|
|
4,166 |
|
|
8,469 |
|
|
3,705,887 |
|
|
3,714,356 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
710 |
|
|
— |
|
|
108 |
|
|
818 |
|
|
185,653 |
|
|
186,471 |
|
Commercial lines of credit |
1,310 |
|
|
— |
|
|
— |
|
|
1,310 |
|
|
194,903 |
|
|
196,213 |
|
International loans |
10 |
|
|
— |
|
|
— |
|
|
10 |
|
|
39,808 |
|
|
39,818 |
|
Total commercial and industrial loans |
2,030 |
|
|
— |
|
|
108 |
|
|
2,138 |
|
|
420,364 |
|
|
422,502 |
|
Leases receivable |
3,130 |
|
|
766 |
|
|
2,842 |
|
|
6,738 |
|
|
418,792 |
|
|
425,530 |
|
Consumer loans |
— |
|
|
102 |
|
|
— |
|
|
102 |
|
|
13,130 |
|
|
13,232 |
|
Total |
$ |
8,948 |
|
|
$ |
1,383 |
|
|
$ |
7,116 |
|
|
$ |
17,447 |
|
|
$ |
4,558,173 |
|
|
$ |
4,575,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
221 |
|
|
$ |
— |
|
|
$ |
986 |
|
|
$ |
1,207 |
|
|
$ |
905,053 |
|
|
$ |
906,260 |
|
Hospitality |
65 |
|
|
1,203 |
|
|
1,893 |
|
|
3,161 |
|
|
827,518 |
|
|
830,679 |
|
Other |
816 |
|
|
206 |
|
|
1,205 |
|
|
2,227 |
|
|
1,447,043 |
|
|
1,449,270 |
|
Total commercial property loans |
1,102 |
|
|
1,409 |
|
|
4,084 |
|
|
6,595 |
|
|
3,179,614 |
|
|
3,186,209 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
71,583 |
|
|
71,583 |
|
Residential property |
3,947 |
|
|
273 |
|
|
44 |
|
|
4,264 |
|
|
496,299 |
|
|
500,563 |
|
Total real estate loans |
5,049 |
|
|
1,682 |
|
|
4,128 |
|
|
10,859 |
|
|
3,747,496 |
|
|
3,758,355 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
334 |
|
|
49 |
|
|
1,117 |
|
|
1,500 |
|
|
205,191 |
|
|
206,691 |
|
Commercial lines of credit |
— |
|
|
— |
|
|
587 |
|
|
587 |
|
|
193,445 |
|
|
194,032 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
29,180 |
|
|
29,180 |
|
Total commercial and industrial loans |
334 |
|
|
49 |
|
|
1,704 |
|
|
2,087 |
|
|
427,816 |
|
|
429,903 |
|
Leases receivable |
4,681 |
|
|
845 |
|
|
3,737 |
|
|
9,263 |
|
|
389,595 |
|
|
398,858 |
|
Consumer loans |
146 |
|
|
— |
|
|
— |
|
|
146 |
|
|
13,278 |
|
|
13,424 |
|
Total |
$ |
10,210 |
|
|
$ |
2,576 |
|
|
$ |
9,569 |
|
|
$ |
22,355 |
|
|
$ |
4,578,185 |
|
|
$ |
4,600,540 |
|
|
| 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, 2019 |
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
Retail |
$ |
982 |
|
|
$ |
1,033 |
|
|
$ |
898 |
|
|
$ |
84 |
|
|
$ |
— |
|
Hospitality |
3,237 |
|
|
4,580 |
|
|
3,237 |
|
|
— |
|
|
— |
|
Other |
8,748 |
|
|
9,111 |
|
|
8,748 |
|
|
— |
|
|
— |
|
Total commercial property loans |
12,967 |
|
|
14,724 |
|
|
12,883 |
|
|
84 |
|
|
— |
|
Residential property |
1,048 |
|
|
1,186 |
|
|
1,048 |
|
|
— |
|
|
— |
|
Total real estate loans |
14,015 |
|
|
15,910 |
|
|
13,931 |
|
|
84 |
|
|
— |
|
Commercial and industrial loans |
23,114 |
|
|
23,334 |
|
|
1,397 |
|
|
21,717 |
|
|
3,269 |
|
Leases receivable |
4,783 |
|
|
4,801 |
|
|
1,456 |
|
|
3,327 |
|
|
1,099 |
|
Consumer loans |
1,370 |
|
|
1,618 |
|
|
1,370 |
|
|
— |
|
|
— |
|
Total |
$ |
43,282 |
|
|
$ |
45,663 |
|
|
$ |
18,154 |
|
|
$ |
25,128 |
|
|
$ |
4,368 |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
Retail |
$ |
2,166 |
|
|
$ |
2,207 |
|
|
$ |
1,894 |
|
|
$ |
272 |
|
|
$ |
— |
|
Hospitality |
4,282 |
|
|
5,773 |
|
|
4,032 |
|
|
250 |
|
|
— |
|
Other |
7,525 |
|
|
8,016 |
|
|
6,253 |
|
|
1,272 |
|
|
1 |
|
Total commercial property loans |
13,973 |
|
|
15,996 |
|
|
12,179 |
|
|
1,794 |
|
|
1 |
|
Residential property |
788 |
|
|
929 |
|
|
788 |
|
|
— |
|
|
— |
|
Total real estate loans |
14,761 |
|
|
16,925 |
|
|
12,967 |
|
|
1,794 |
|
|
1 |
|
Commercial and industrial loans |
4,396 |
|
|
4,601 |
|
|
1,644 |
|
|
2,752 |
|
|
428 |
|
Leases receivable |
5,129 |
|
|
5,162 |
|
|
1,256 |
|
|
3,873 |
|
|
1,383 |
|
Consumer loans |
839 |
|
|
1,073 |
|
|
746 |
|
|
93 |
|
|
— |
|
Total |
$ |
25,125 |
|
|
$ |
27,761 |
|
|
$ |
16,613 |
|
|
$ |
8,512 |
|
|
$ |
1,812 |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Average Recorded Investment |
|
Interest
Income
Recognized
|
|
(in thousands) |
March 31, 2019 |
|
|
|
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
1,000 |
|
|
$ |
16 |
|
Hospitality |
3,366 |
|
|
72 |
|
Other |
9,055 |
|
|
141 |
|
Total commercial property loans |
13,421 |
|
|
229 |
|
Residential property |
1,178 |
|
|
12 |
|
Total real estate loans |
14,599 |
|
|
241 |
|
Commercial and industrial loans |
27,144 |
|
|
409 |
|
Leases receivable |
5,294 |
|
|
8 |
|
Consumer loans |
1,522 |
|
|
24 |
|
Total |
$ |
48,559 |
|
|
$ |
682 |
|
|
|
|
|
March 31, 2018 |
|
|
|
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
1,409 |
|
|
$ |
22 |
|
Hospitality |
8,105 |
|
|
141 |
|
Other |
7,843 |
|
|
110 |
|
Total commercial property loans |
17,357 |
|
|
273 |
|
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 |
$ |
28,502 |
|
|
$ |
367 |
|
|
| 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, |
|
2019 |
|
2018 |
|
(in thousands) |
Interest income that would have been recognized had impaired loans and leases performed in accordance with their original terms |
$ |
888 |
|
|
$ |
654 |
|
Less: Interest income recognized on impaired loans and leases |
(682 |
) |
|
(367 |
) |
Interest foregone on impaired loans and leases |
$ |
206 |
|
|
$ |
287 |
|
|
| Non-Accrual Loans, Disaggregated by Loan Class |
The following table details nonaccrual loans and leases, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
December 31, 2018 |
|
(in thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
830 |
|
|
$ |
865 |
|
Hospitality |
3,237 |
|
|
3,625 |
|
Other |
7,215 |
|
|
1,641 |
|
Total commercial property loans |
11,282 |
|
|
6,131 |
|
Residential property |
449 |
|
|
182 |
|
Total real estate loans |
11,731 |
|
|
6,313 |
|
Commercial and industrial loans |
22,795 |
|
|
3,337 |
|
Leases receivable |
4,783 |
|
|
5,129 |
|
Consumer loans |
732 |
|
|
746 |
|
Total nonaccrual loans and leases |
$ |
40,041 |
|
|
$ |
15,525 |
|
|
| Non-Performing Assets |
The following table details nonperforming assets as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
December 31, 2018 |
|
(in thousands) |
Nonaccrual loans and leases |
$ |
40,041 |
|
|
$ |
15,525 |
|
Loans and leases 90 days or more past due and still accruing |
— |
|
|
4 |
|
Total nonperforming loans and leases |
40,041 |
|
|
15,529 |
|
Other real estate owned (“OREO”) |
622 |
|
|
663 |
|
Total nonperforming assets |
$ |
40,663 |
|
|
$ |
16,192 |
|
|
| Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type |
The following table details TDRs loans as of March 31, 2019 and December 31, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
$ |
2,083 |
|
|
$ |
1,378 |
|
|
$ |
153 |
|
|
$ |
818 |
|
|
$ |
4,432 |
|
|
$ |
2,127 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,127 |
|
Commercial and industrial loans |
1,161 |
|
|
272 |
|
|
— |
|
|
345 |
|
|
1,778 |
|
|
— |
|
|
— |
|
|
112 |
|
|
171 |
|
|
283 |
|
Consumer loans |
732 |
|
|
— |
|
|
— |
|
|
— |
|
|
732 |
|
|
549 |
|
|
— |
|
|
88 |
|
|
— |
|
|
637 |
|
Total |
$ |
3,976 |
|
|
$ |
1,650 |
|
|
$ |
153 |
|
|
$ |
1,163 |
|
|
$ |
6,942 |
|
|
$ |
2,676 |
|
|
$ |
— |
|
|
$ |
200 |
|
|
$ |
171 |
|
|
$ |
3,047 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
$ |
462 |
|
|
$ |
1,423 |
|
|
$ |
174 |
|
|
$ |
— |
|
|
$ |
2,059 |
|
|
$ |
3,345 |
|
|
$ |
— |
|
|
$ |
1,148 |
|
|
$ |
741 |
|
|
$ |
5,234 |
|
Commercial and industrial loans |
265 |
|
|
107 |
|
|
669 |
|
|
430 |
|
|
1,471 |
|
|
— |
|
|
166 |
|
|
386 |
|
|
150 |
|
|
702 |
|
Consumer loans |
746 |
|
|
— |
|
|
— |
|
|
— |
|
|
746 |
|
|
— |
|
|
— |
|
|
93 |
|
|
— |
|
|
93 |
|
Total |
$ |
1,473 |
|
|
$ |
1,530 |
|
|
$ |
843 |
|
|
$ |
430 |
|
|
$ |
4,276 |
|
|
$ |
3,345 |
|
|
$ |
166 |
|
|
$ |
1,627 |
|
|
$ |
891 |
|
|
$ |
6,029 |
|
|