| Allowance for Loan and Lease Losses | Allowance for Loan and Lease Losses The following tables present the changes in the allowance for loan and lease losses and the recorded investment in loans and leases by portfolio segment for the periods indicated: Three Months Ended June 30, 2018 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at March 31, 2018 $ 27,361 $ 26,252 $ 5,101 $ 58,714 Charge-offs (100 ) (3,456 ) (49 ) (3,605 ) Recoveries — 1,152 123 1,275 Provision (credit) for loan and lease losses (216 ) 2,172 (359 ) 1,597 Balance at June 30, 2018 $ 27,045 $ 26,120 $ 4,816 $ 57,981 Three Months Ended June 30, 2017 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at March 31, 2017 $ 27,988 $ 33,283 $ 4,862 $ 66,133 Charge-offs (205 ) (3,095 ) (65 ) (3,365 ) Recoveries 336 549 78 963 Provision (credit) for loan and lease losses (165 ) 362 593 790 Balance at June 30, 2017 $ 27,954 $ 31,099 $ 5,468 $ 64,521 Six Months Ended June 30, 2018 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at December 31, 2017 $ 27,112 $ 26,333 $ 5,147 $ 58,592 Charge-offs (103 ) (4,189 ) (105 ) (4,397 ) Recoveries — 1,353 209 1,562 Provision (credit) for loan and lease losses 36 2,623 (435 ) 2,224 Balance at June 30, 2018 $ 27,045 $ 26,120 $ 4,816 $ 57,981 Six Months Ended June 30, 2017 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at December 31, 2016 $ 27,645 $ 20,906 $ 5,115 $ 53,666 Charge-offs (229 ) (4,302 ) (216 ) (4,747 ) Recoveries 476 691 183 1,350 Provision for loan and lease losses 62 13,804 386 14,252 Balance at June 30, 2017 $ 27,954 $ 31,099 $ 5,468 $ 64,521 The liability for unfunded credit commitments, which is included in other liabilities, was $1.5 million and $1.7 million at June 30, 2018 and December 31, 2017 , respectively. The changes in the liability for unfunded credit commitments reflect changes in the estimate of loss exposure associated with certain unfunded credit commitments. No credit commitments were charged off against the liability account in the six -month periods ended June 30, 2018 and 2017 . Provision for Credit Losses The provisions for credit losses are set forth below for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In Thousands) Provision (credit) for loan and lease losses: Commercial real estate $ (216 ) $ (165 ) $ 36 $ 62 Commercial 2,172 362 2,623 13,804 Consumer (359 ) 593 (435 ) 386 Total provision for loan and lease losses 1,597 790 2,224 14,252 Unfunded credit commitments (127 ) 83 (113 ) 23 Total provision for credit losses $ 1,470 $ 873 $ 2,111 $ 14,275 Allowance for Loan and Lease Losses Methodology Management has established a methodology to determine the adequacy of the allowance for loan and lease losses that assesses the risks and losses inherent in the loan and lease portfolio. Additions to the allowance for loan and lease losses are made by charges to the provision for credit losses. Losses on loans and leases are charged off against the allowance when all or a portion of a loan or lease is considered uncollectible. Subsequent recoveries on loans previously charged off, if any, are credited to the allowance when realized. Management uses a consistent and systematic process and methodology to evaluate the adequacy of the allowance for loan and lease losses on a quarterly basis. For purposes of determining the allowance for loan and lease losses, the Company has segmented certain loans and leases in the portfolio by product type into the following segments: (1) commercial real estate loans, (2) commercial loans and leases, and (3) consumer loans. Portfolio segments are further disaggregated into classes based on the associated risks within the segments. Commercial real estate loans are divided into three classes: commercial real estate loans, multi-family mortgage loans, and construction loans. Commercial loans and leases are divided into three classes: commercial loans which include taxi medallion loans, equipment financing, and loans to condominium associations. Consumer loans are divided into three classes: residential mortgage loans, home equity loans, and other consumer loans. A formula-based credit evaluation approach is applied to each group, coupled with an analysis of certain loans for impairment. For each class of loan, management makes significant judgments in selecting the estimation method that fits the credit characteristics of its class and portfolio segment as set forth below. The general allowance related to loans collectively evaluated for impairment is determined using a formula-based approach utilizing the risk ratings of individual credits and loss factors derived from historic portfolio loss rates, which include estimates of incurred losses over an estimated loss emergence period (“LEP”). The LEP was generated utilizing a charge-off look-back analysis which studied the time from the first indication of elevated risk of repayment (or other early event indicating a problem) to eventual charge-off to support the LEP considered in the allowance calculation. This reserving methodology established the approximate number of months of LEP that represents incurred losses for each portfolio. In addition to quantitative measures, relevant qualitative factors include, but are not limited to: (1) levels and trends in past due and impaired loans, (2) levels and trends in charge-offs, (3) changes in underwriting standards, policy exceptions, and credit policy, (4) experience of lending management and staff, (5) economic trends, (6) industry conditions, (7) effects of changes in credit concentrations, (8) interest rate environment, and (9) regulatory and other changes. The general allowance related to the acquired loans collectively evaluated for impairment is determined based upon the degree, if any, of deterioration in the pooled loans subsequent to acquisition. The qualitative factors used in the determination are the same as those used for originated loans. Specific valuation allowances are established for impaired originated loans with book values greater than the discounted present value of expected future cash flows or, in the case of collateral-dependent impaired loans, for any excess of a loan's book balance over the fair value of its underlying collateral. Specific valuation allowances are established for acquired loans with deterioration in the discounted present value of expected future cash flows since acquisitions or, in the case of collateral dependent impaired loans, for any increase in the excess of a loan's book balance greater than the fair value of its underlying collateral. A specific valuation allowance for losses on troubled debt restructured ("TDR") loans is determined by comparing the net carrying amount of the TDR loan with the restructured loan's cash flows discounted at the original effective rate. Impaired loans are reviewed quarterly with adjustments made to the calculated reserve as necessary. As of June 30, 2018 , management believes that the methodology for calculating the allowance is sound and that the allowance provides a reasonable basis for determining and reporting on probable losses incurred in the Company’s loan portfolios. As of June 30, 2018 , the Company had a portfolio of approximately $15.3 million in loans secured by taxi medallions issued by the cities of Boston and Cambridge. As of December 31, 2017 , this portfolio was approximately $19.7 million . Application-based mobile ride services, such as Uber and Lyft, have generated increased competition in the transportation sector, resulting in a reduction in taxi utilization and, as a result, a reduction in the collateral value and credit quality of taxi medallion loans. This has increased the likelihood that loans secured by taxi medallions may default, or that the borrowers may be unable to repay these loans at maturity, potentially resulting in an increase in past due loans, TDRs, and charge-offs. The Company’s allowance calculation included a further segmentation of the commercial loans and leases to reflect the increased risk in the Company’s taxi medallion portfolio. This allowance calculation segmentation represents management’s estimations of the current risks associated with the portfolio. As of June 30, 2018 , the Company had an allowance for loan and lease losses associated with taxi medallion loans of $1.7 million of which $1.0 million were specific reserves and $0.7 million was a general reserve. As of December 31, 2017 , the Company had an allowance for loan and lease losses associated with taxi medallion loans of $3.8 million of which $2.7 million were specific reserves and $1.1 million was a general reserve. The decrease in the allowance for loan and leases associated with taxi medallion loans was primarily driven by the decrease in specific reserves due to the charge-offs in the taxi medallion portfolio. The total TDRs secured by taxi medallions increased by $0.8 million from $3.7 million at December 31, 2017 to $4.5 million at June 30, 2018 due to two taxi medallion relationships which were restructured during the first six months of 2018. The total loans and leases secured by taxi medallions that were placed on nonaccrual decreased by $2.9 million to $4.9 million at June 30, 2018 from $7.8 million at December 31, 2017 due to the charge-offs of non-accruing taxi medallion relationships. Further declines in demand for taxi services or further deterioration in the value of taxi medallions may result in higher delinquencies and losses beyond that provided for in the allowance for loan and lease losses. The general allowance for loan and lease losses was $55.5 million as of June 30, 2018 and December 31, 2017 . The specific allowance for loan and lease losses was $2.5 million as of June 30, 2018 , compared to $3.1 million as of December 31, 2017 . The specific allowance decreased by $0.6 million during the six months ended June 30, 2018 , primarily due to changes in the underlying collateral value of taxi medallions and charge-offs taken during the six months ended June 30, 2018 . Credit Quality Assessment At the time of loan origination, a rating is assigned based on the capacity to pay and general financial strength of the borrower, the value of assets pledged as collateral, and the evaluation of third party support such as a guarantor. The Company continually monitors the quality of the loan portfolio using all available information. The officer responsible for handling each loan is required to initiate changes to risk ratings when changes in facts and circumstances occur that warrant an upgrade or downgrade in a loan rating. Based on this information, loans demonstrating certain payment issues or other weaknesses may be categorized as delinquent, impaired, nonperforming and/or put on nonaccrual status. Additionally, in the course of resolving such loans, the Company may choose to restructure the contractual terms of certain loans to match the borrower's ability to repay the loan based on their current financial condition. If a restructured loan meets certain criteria, it may be categorized as a TDR loan. The Company reviews numerous credit quality indicators when assessing the risk in its loan portfolio. For all loans, the Company utilizes an eight-grade loan rating system, which assigns a risk rating to each borrower based on a number of quantitative and qualitative factors associated with a loan transaction. Factors considered include industry and market conditions; position within the industry; earnings trends; operating cash flow; asset/liability values; debt capacity; guarantor strength; management and controls; financial reporting; collateral; and other considerations. In addition, the Company's independent loan review group evaluates the credit quality and related risk ratings in all loan portfolios. The results of these reviews are reported to the Risk Committee of the Board of Directors on a periodic basis and annually to the Board of Directors. For the consumer loans, the Company heavily relies on payment status for calibrating credit risk. The ratings categories used for assessing credit risk in the commercial real estate, multi-family mortgage, construction, commercial, equipment financing, condominium association and other consumer loan and lease classes are defined as follows: 1 -4 Rating—Pass Loan rating grades "1" through "4" are classified as "Pass," which indicates borrowers are performing in accordance with the terms of the loan and are less likely to result in loss due to the capacity of the borrower to pay and the adequacy of the value of assets pledged as collateral. 5 Rating—Other Assets Especially Mentioned ("OAEM") Borrowers exhibit potential credit weaknesses or downward trends deserving management's attention. If not checked or corrected, these trends will weaken the Company's asset and position. While potentially weak, currently these borrowers are marginally acceptable; no loss of principal or interest is envisioned. 6 Rating—Substandard Borrowers exhibit well defined weaknesses that jeopardize the orderly liquidation of debt. Substandard loans may be inadequately protected by the current net worth and paying capacity of the obligors or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy. Although no loss of principal is envisioned, there is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Collateral coverage may be inadequate to cover the principal obligation. 7 Rating—Doubtful Borrowers exhibit well-defined weaknesses that jeopardize the orderly liquidation of debt with the added provision that the weaknesses make collection of the debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Serious problems exist to the point where partial loss of principal is likely. 8 Rating—Definite Loss Borrowers deemed incapable of repayment. Loans to such borrowers are considered uncollectible and of such little value that continuation as active assets of the Company is not warranted. Assets rated as "OAEM," "substandard" or "doubtful" based on criteria established under banking regulations are collectively referred to as "criticized" assets. Credit Quality Information The following tables present the recorded investment in loans in each class as of June 30, 2018 , by credit quality indicator. At June 30, 2018 Commercial Real Estate Multi- Family Mortgage Construction Commercial Equipment Financing Condominium Association Other Consumer Total (In Thousands) Originated: Loan rating: Pass $ 2,120,978 $ 766,046 $ 143,248 $ 700,382 $ 905,474 $ 53,537 $ 33,436 $ 4,723,101 OAEM 4,549 — — 12,973 2,089 — — 19,611 Substandard 4,288 568 640 13,681 7,072 — 5 26,254 Doubtful — — — 926 2,435 — — 3,361 Total originated 2,129,815 766,614 143,888 727,962 917,070 53,537 33,441 4,772,327 Acquired: Loan rating: Pass 129,262 49,504 34,447 32,450 3,563 — 108 249,334 OAEM 778 — — 249 — — — 1,027 Substandard 9,665 193 — 1,303 10 — — 11,171 Doubtful — — — — — — — — Total acquired 139,705 49,697 34,447 34,002 3,573 — 108 261,532 Total loans $ 2,269,520 $ 816,311 $ 178,335 $ 761,964 $ 920,643 $ 53,537 $ 33,549 $ 5,033,859 As of June 30, 2018 , there were no loans categorized as definite loss. At June 30, 2018 Residential Mortgage Home Equity (Dollars In Thousands) Originated: Loan-to-value ratio: Less than 50% $ 153,935 20.4 % $ 146,428 38.4 % 50% - 69% 265,129 35.1 % 82,402 21.5 % 70% - 79% 165,350 21.9 % 71,729 18.7 % 80% and over 23,187 3.1 % 29,636 7.7 % Data not available* 1,009 0.1 % — — % Total originated 608,610 80.6 % 330,195 86.3 % Acquired: Loan-to-value ratio: Less than 50% 38,132 5.1 % 29,518 7.7 % 50%—69% 58,217 7.7 % 14,932 3.9 % 70%—79% 34,231 4.5 % 1,614 0.4 % 80% and over 7,806 1.0 % 1,082 0.3 % Data not available* 7,822 1.1 % 5,256 1.4 % Total acquired 146,208 19.4 % 52,402 13.7 % Total loans $ 754,818 100.0 % $ 382,597 100.0 % _______________________________________________________________________________ * Represents in process general ledger accounts for which data are not available. The following tables present the recorded investment in loans in each class as of December 31, 2017 , by credit quality indicator. At December 31, 2017 Commercial Real Estate Multi- Family Mortgage Construction Commercial Equipment Financing Condominium Association Other Consumer Total (In Thousands) Originated: Loan rating: Pass $ 2,054,376 $ 735,313 $ 139,278 $ 670,265 $ 850,006 $ 52,619 $ 14,628 $ 4,516,485 OAEM 8,889 — — 7,691 3,630 — — 20,210 Substandard 5,926 608 860 17,681 5,012 — 39 30,126 Doubtful 201 — — 1,188 3,326 — — 4,715 Total originated 2,069,392 735,921 140,138 696,825 861,974 52,619 14,667 4,571,536 Acquired: Loan rating: Pass 94,244 24,459 — 6,643 4,501 — 104 129,951 OAEM 9,839 — — 265 — — 1 10,105 Substandard 1,494 290 — 1,271 13 — — 3,068 Doubtful — — — — — — — — Total acquired 105,577 24,749 — 8,179 4,514 — 105 143,124 Total loans $ 2,174,969 $ 760,670 $ 140,138 $ 705,004 $ 866,488 $ 52,619 $ 14,772 $ 4,714,660 As of December 31, 2017 , there were no loans categorized as definite loss. At December 31, 2017 Residential Mortgage Home Equity (Dollars In Thousands) Originated: Loan-to-value ratio: Less than 50% $ 153,373 23.2 % $ 148,137 41.6 % 50%—69% 265,328 40.2 % 75,099 21.1 % 70%—79% 168,272 25.5 % 63,742 17.9 % 80% and over 16,547 2.5 % 27,122 7.6 % Data not available* 1,377 0.2 % 89 — % Total originated 604,897 91.6 % 314,189 88.2 % Acquired: Loan-to-value ratio: Less than 50% 16,521 2.5 % 25,312 7.1 % 50%—69% 19,182 2.9 % 13,883 3.9 % 70%—79% 10,507 1.6 % 943 0.3 % 80% and over 7,893 1.2 % 582 0.2 % Data not available* 1,065 0.2 % 1,045 0.3 % Total acquired 55,168 8.4 % 41,765 11.8 % Total loans $ 660,065 100.0 % $ 355,954 100.0 % _______________________________________________________________________________ * Represents in process general ledger accounts for which data are not available. The following table presents information regarding foreclosed residential real estate property for the periods indicated: At June 30, 2018 At December 31, 2017 (In Thousands) Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure $ — $ 633 There were no foreclosed residential real estate property held by the creditor at June 30, 2018 or December 31, 2017 . Age Analysis of Past Due Loans and Leases The following tables present an age analysis of the recorded investment in total loans and leases as of June 30, 2018 and December 31, 2017 . At June 30, 2018 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Originated: Commercial real estate loans: Commercial real estate $ 713 $ — $ 1,743 $ 2,456 $ 2,127,359 $ 2,129,815 $ — $ 3,652 Multi-family mortgage 4,548 42 — 4,590 762,024 766,614 — 568 Construction 325 — 640 965 142,923 143,888 — 640 Total commercial real estate loans 5,586 42 2,383 8,011 3,032,306 3,040,317 — 4,860 Commercial loans and leases: Commercial 2,325 1,096 4,357 7,778 720,184 727,962 — 8,293 Equipment financing 3,577 1,549 5,673 10,799 906,271 917,070 9 8,825 Condominium association 825 161 — 986 52,551 53,537 — — Total commercial loans and leases 6,727 2,806 10,030 19,563 1,679,006 1,698,569 9 17,118 Consumer loans: Residential mortgage 628 303 1,033 1,964 606,646 608,610 — 1,571 Home equity 348 50 472 870 329,325 330,195 421 147 Other consumer 79 20 8 107 33,334 33,441 4 5 Total consumer loans 1,055 373 1,513 2,941 969,305 972,246 425 1,723 Total originated loans and leases $ 13,368 $ 3,221 $ 13,926 $ 30,515 $ 5,680,617 $ 5,711,132 $ 434 $ 23,701 At June 30, 2018 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Acquired: Commercial real estate loans: Commercial real estate $ 246 $ 89 $ 9,389 $ 9,724 $ 129,981 $ 139,705 $ 9,319 $ 122 Multi-family mortgage 504 — — 504 49,193 49,697 — — Construction — — — — 34,447 34,447 — — Total commercial real estate loans 750 89 9,389 10,228 213,621 223,849 9,319 122 Commercial loans and leases: Commercial 1,567 37 816 2,420 31,582 34,002 1 1,194 Equipment financing — — 10 10 3,563 3,573 10 — Total commercial loans and leases 1,567 37 826 2,430 35,145 37,575 11 1,194 Consumer loans: Residential mortgage 1,191 348 2,434 3,973 142,235 146,208 2,436 — Home equity 964 89 281 1,334 51,068 52,402 140 776 Other consumer — — — — 108 108 — — Total consumer loans 2,155 437 2,715 5,307 193,411 198,718 2,576 776 Total acquired loans and leases $ 4,472 $ 563 $ 12,930 $ 17,965 $ 442,177 $ 460,142 $ 11,906 $ 2,092 Total loans and leases $ 17,840 $ 3,784 $ 26,856 $ 48,480 $ 6,122,794 $ 6,171,274 $ 12,340 $ 25,793 At December 31, 2017 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Originated: Commercial real estate loans: Commercial real estate $ 3,294 $ 391 $ 1,843 $ 5,528 $ 2,063,864 $ 2,069,392 $ — $ 3,182 Multi-family mortgage 6,141 2,590 — 8,731 727,190 735,921 — 608 Construction 6,537 330 860 7,727 132,411 140,138 — 860 Total commercial real estate loans 15,972 3,311 2,703 21,986 2,923,465 2,945,451 — 4,650 Commercial loans and leases: Commercial 1,344 597 7,724 9,665 687,160 696,825 — 10,365 Equipment financing 3,214 2,494 3,203 8,911 853,063 861,974 224 8,106 Condominium association 857 262 — 1,119 51,500 52,619 — — Total commercial loans and leases 5,415 3,353 10,927 19,695 1,591,723 1,611,418 224 18,471 Consumer loans: Residential mortgage 1,256 166 728 2,150 602,747 604,897 — 1,979 Home equity 643 19 32 694 313,495 314,189 1 132 Other consumer 238 20 28 286 14,381 14,667 — 43 Total consumer loans 2,137 205 788 3,130 930,623 933,753 1 2,154 Total originated loans and leases $ 23,524 $ 6,869 $ 14,418 $ 44,811 $ 5,445,811 $ 5,490,622 $ 225 $ 25,275 At December 31, 2017 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Acquired: Commercial real estate loans: Commercial real estate $ 1,008 $ — $ 656 $ 1,664 $ 103,913 $ 105,577 $ 586 $ 131 Multi-family mortgage — — 3 3 24,746 24,749 3 — Total commercial real estate loans 1,008 — 659 1,667 128,659 130,326 589 131 Commercial loans and leases: Commercial — 44 1,022 1,066 7,113 8,179 17 1,254 Equipment financing — — 13 13 4,501 4,514 13 — Total commercial loans and leases — 44 1,035 1,079 11,614 12,693 30 1,254 Consumer loans: Residential mortgage — 463 1,990 2,453 52,715 55,168 1,990 — Home equity 508 — 186 694 41,071 41,765 186 612 Other consumer — — — — 105 105 — — Total consumer loans 508 463 2,176 3,147 93,891 97,038 2,176 612 Total acquired loans and leases $ 1,516 $ 507 $ 3,870 $ 5,893 $ 234,164 $ 240,057 $ 2,795 $ 1,997 Total loans and leases $ 25,040 $ 7,376 $ 18,288 $ 50,704 $ 5,679,975 $ 5,730,679 $ 3,020 $ 27,272 Commercial Real Estate Loans —As of June 30, 2018 , loans outstanding in the three classes within this segment expressed as a percentage of total loans and leases outstanding were as follows: commercial real estate loans -- 36.9% ; multi-family mortgage loans -- 13.2% ; and construction loans -- 2.9% . Loans in this portfolio that are on nonaccrual status and/or risk-rated "substandard" or worse are evaluated on an individual loan basis for impairment. For non-impaired commercial real estate loans, loss factors are applied to outstanding loans by risk rating for each of the three classes in the portfolio. The factors applied are based primarily on historic loan loss experience and an assessment of internal and external factors and other relevant information. Commercial Loans and Leases —As of June 30, 2018 , loans and leases outstanding in the three classes within this segment expressed as a percent of total loans and leases outstanding were as follows: commercial loans and leases -- 12.3% ; equipment financing loans -- 14.9% ; and loans to condominium associations -- 0.9% . Loans and leases in this portfolio that are on nonaccrual status and/or risk-rated "substandard" or worse are evaluated on an individual basis for impairment. For non-impaired commercial loans and leases, loss factors are applied to outstanding loans by risk rating for each of the three classes in the portfolio. Consumer Loans —As of June 30, 2018 , loans outstanding within the three classes within this segment expressed as a percent of total loans and leases outstanding were as follows: residential mortgage loans -- 12.2% , home equity loans -- 6.2% , and other consumer loans -- 0.5% . Significant risk characteristics related to the residential mortgage and home equity loan portfolios are the geographic concentration of the properties financed within selected communities in the greater Boston and Providence metropolitan areas. The payment status and loan-to-value ratio are the primary credit quality indicators used for residential mortgage loans and home equity loans. Generally, loans are not made when the loan-to-value ratio exceeds 80% unless private mortgage insurance is obtained and/or there is a financially strong guarantor. Consumer loans that become 90 or more days past due, or are placed on nonaccrual. Impaired Loans and Leases A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. The Company has defined the population of impaired loans to include nonaccrual loans and TDR loans. When the ultimate collectability of the total principal of an impaired loan or lease is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan or lease is not in doubt and the loan or lease is on nonaccrual status, contractual interest is credited to interest income when received, under the cash basis method. The following tables include the recorded investment and unpaid principal balances of impaired loans and leases with the related allowance amount, if applicable, for the originated and acquired loan and lease portfolios at the dates indicated. Also presented are the average recorded investments in the impaired loans and leases and the related amount of interest recognized during the period that the impaired loans were impaired. At June 30, 2018 At December 31, 2017 Recorded (1) Unpaid Related Recorded Investment (2) Unpaid Related (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 6,320 $ 6,304 $ — $ 9,978 $ 9,962 $ — Commercial 21,778 21,958 — 24,906 25,040 — Consumer 1,994 1,986 — 3,508 3,500 — Total originated with no related allowance recorded 30,092 30,248 — 38,392 38,502 — With an allowance recorded: Commercial real estate — — — 3,056 3,056 — Commercial 9,245 9,218 2,390 8,912 8,862 3,105 Consumer 1,166 1,166 73 — — — Total originated with an allowance recorded 10,411 10,384 2,463 11,968 11,918 3,105 Total originated impaired loans and leases 40,503 40,632 2,463 50,360 50,420 3,105 Acquired: With no related allowance recorded: Commercial real estate 9,947 9,947 — 1,880 1,880 — Commercial 1,557 1,557 — 1,594 1,594 — Consumer 5,093 5,093 — 4,736 4,736 — Total acquired with no related allowance recorded 16,597 16,597 — 8,210 8,210 — With an allowance recorded: Consumer 112 112 21 115 115 22 Total acquired with an allowance recorded 112 112 21 115 115 22 Total acquired impaired loans and leases 16,709 16,709 21 8,325 8,325 22 Total impaired loans and leases $ 57,212 $ 57,341 $ 2,484 $ 58,685 $ 58,745 $ 3,127 ___________________________________________________________________________ (1) Includes originated and acquired nonaccrual loans of $23.4 million and $2.1 million , respectively as of June 30, 2018 . (2) Includes originated and acquired nonaccrual loans of $24.9 million and $2.0 million , respectively as of December 31, 2017 . Three Months Ended June 30, 2018 June 30, 2017 Average Interest Average Interest (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 6,565 $ 19 $ 11,395 $ 90 Commercial 23,223 215 25,230 185 Consumer 2,012 14 5,272 14 Total originated with no related allowance recorded 31,800 248 41,897 289 With an allowance recorded: Commercial real estate — — 3,071 38 Commercial 10,738 28 21,782 — Consumer 1,166 1 — — Total originated with an allowance recorded 11,904 29 24,853 38 Total originated impaired loans and leases 43,704 277 66,750 327 Acquired: With no related allowance recorded: Commercial real estate 10,021 1 3,494 27 Commercial 1,572 4 2,691 8 Consumer 5,107 15 5,683 18 Total acquired with no related allowance recorded 16,700 20 11,868 53 With an allowance recorded: Consumer 112 1 169 1 Total acquired with an allowance recorded 112 1 169 1 Total acquired impaired loans and leases 16,812 21 12,037 54 Total impaired loans and leases $ 60,516 $ 298 $ 78,787 $ 381 Six Months Ended June 30, 2018 June 30, 2017 Average Interest Average Interest (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 7,275 $ 49 $ 10,379 $ 122 Commercial 25,492 487 23,144 349 Consumer 2,683 27 5,289 30 Total originated with no related allowance recorded 35,450 563 38,812 501 With an allowance recorded: Commercial real estate — — 3,535 86 Commercial 9,366 44 22,052 1 Consumer 650 2 — — Total originated with an allowance recorded 10,016 46 25,587 87 Total originated impaired loans and leases 45,466 609 64,399 588 Acquired: With no related allowance recorded: Commercial real estate 10,351 2 6,456 46 Commercial 1,598 8 2,813 18 Consumer 4,984 30 5,908 34 Total acquired with no related allowance recorded 16,933 40 15,177 98 With an allowance recorded: Consumer 113 2 168 2 Total acquired with an allowance recorded 113 2 168 2 Total acquired impaired loans and leases 17,046 42 15,345 100 Total impaired loans and leases $ 62,512 $ 651 $ 79,744 $ 688 The following tables present information regarding impaired and non-impaired loans and leases at the dates indicated: At June 30, 2018 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Originated: Individually evaluated for impairment $ — $ 2,390 $ 73 $ 2,463 Collectively evaluated for impairment 25,268 23,609 4,680 53,557 Total originated loans and leases 25,268 25,999 4,753 56,020 Acquired: Individually evaluated for impairment — — 21 21 Collectively evaluated for impairment 101 10 14 125 Acquired with deteriorated credit quality 1,676 111 28 1,815 Total acquired loans and leases 1,777 121 63 1,961 Total allowance for loan and lease losses $ 27,045 $ 26,120 $ 4,816 $ 57,981 Loans and Leases: Originated: Individually evaluated for impairment $ 6,317 $ 24,660 $ 3,003 $ 33,980 Collectively evaluated for impairment 3,034,000 1,673,909 969,243 5,677,152 Total originated loans and leases 3,040,317 1,698,569 972,246 5,711,132 Acquired: Individually evaluated for impairment — 1,410 1,941 3,351 Collectively evaluated for impairment 139,004 32,283 161,590 332,877 Acquired with deteriorated credit quality 84,845 3,882 35,187 123,914 Total acquired loans and leases 223,849 37,575 198,718 460,142 Total loans and leases $ 3,264,166 $ 1,736,144 $ 1,170,964 $ 6,171,274 At December 31, 2017 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Originated: Individually evaluated for impairment $ — $ 3,105 $ — $ 3,105 Collectively evaluated for impairment 26,366 23,078 5,003 54,447 Total originated loans and leases 26,366 26,183 5,003 57,552 Acquired: Individually evaluated for impairment — — 22 22 Collectively evaluated for impairment 145 13 17 175 Acquired with deteriorated credit quality 601 137 105 843 Total acquired loans and leases 746 150 144 1,040 Total allowance for loan and lease losses $ 27,112 $ 26,333 $ 5,147 $ 58,592 Loans and Leases: Originated: Individually evaluated for impairment $ 13,031 $ 29,386 $ 3,070 $ 45,487 Collectively evaluated for impairment 2,932,420 1,582,032 930,683 5,445,135 Total originated loans and leases 2,945,451 1,611,418 933,753 5,490,622 Acquired: Individually evaluated for impairment — 1,487 1,867 3,354 Collectively evaluated |
