| 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 March 31, 2019 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at December 31, 2018 $ 28,187 $ 25,283 $ 5,222 $ 58,692 Charge-offs — (2,512 ) (30 ) (2,542 ) Recoveries — 388 53 441 Provision for loan and lease losses 162 1,081 207 1,450 Balance at March 31, 2019 $ 28,349 $ 24,240 $ 5,452 $ 58,041 Three Months Ended March 31, 2018 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at December 31, 2017 $ 27,112 $ 26,333 $ 5,147 $ 58,592 Charge-offs (3 ) (733 ) (56 ) (792 ) Recoveries — 201 86 287 Provision for loan and lease losses 252 451 (76 ) 627 Balance at March 31, 2018 $ 27,361 $ 26,252 $ 5,101 $ 58,714 The liability for unfunded credit commitments, which is included in other liabilities, was $1.8 million and $1.9 million at March 31, 2019 and December 31, 2018 , respectively. No credit commitments were charged off against the liability account in the three -month periods ended March 31, 2019 and 2018 . Provision for Credit Losses The provisions for credit losses are set forth below for the periods indicated: Three Months Ended March 31, 2019 2018 (In Thousands) Provision for loan and lease losses: Commercial real estate $ 162 $ 252 Commercial 1,081 451 Consumer 207 (76 ) Total provision for loan and lease losses 1,450 627 Unfunded credit commitments (97 ) 14 Total provision for credit losses $ 1,353 $ 641 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 March 31, 2019 , 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 March 31, 2019 , the Company had a portfolio of approximately $12.0 million in loans secured by taxi medallions issued by the cities of Boston and Cambridge, Massachusetts. As of December 31, 2018 , this portfolio was approximately $13.7 million . For collateral valuation purposes, taxi medallions are currently estimated at $35 thousand for Boston and $20 thousand for Cambridge. The Company has no taxi medallion exposure outside Massachusetts. As of March 31, 2019 , the Company had an allowance for loan and lease losses associated with taxi medallion loans of $1.5 million of which $1.0 million were specific reserves and $0.5 million was a general reserve. As of December 31, 2018 , the Company had an allowance for loan and lease losses associated with taxi medallion loans of $2.5 million of which $1.9 million were specific reserves and $0.6 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 charge-offs in the taxi medallion portfolio. The total TDRs secured by taxi medallions decreased by $1.3 million from $3.7 million at December 31, 2018 to $2.4 million at March 31, 2019 . The total loans and leases secured by taxi medallions that were placed on nonaccrual decreased by $1.3 million to $2.4 million at March 31, 2019 from $3.7 million at December 31, 2018 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 $55.6 million as of both March 31, 2019 and December 31, 2018 . The specific allowance for loan and lease losses was $2.4 million as of March 31, 2019 , compared to $3.1 million as of December 31, 2018 . The specific allowance decreased by $0.7 million during the three months ended March 31, 2019 primarily due to charge-offs on loans collateralized by taxi medallions. 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 March 31, 2019 , by credit quality indicator. At March 31, 2019 Commercial Real Estate Multi- Family Mortgage Construction Commercial Equipment Financing Condominium Association Other Consumer Total (In Thousands) Originated: Loan rating: Pass $ 2,236,474 $ 808,482 $ 175,793 $ 687,253 $ 982,468 $ 48,918 $ 39,334 $ 4,978,722 OAEM 4,140 — — 10,139 39 — — 14,318 Substandard 3,474 101 4,982 22,483 8,287 224 3 39,554 Doubtful — — — 117 2,344 — — 2,461 Total originated 2,244,088 808,583 180,775 719,992 993,138 49,142 39,337 5,035,055 Acquired: Loan rating: Pass 100,218 47,084 18,483 20,855 2,717 — 106 189,463 OAEM 2,163 — — 405 — — — 2,568 Substandard 9,038 36 — 325 8 — — 9,407 Total acquired 111,419 47,120 18,483 21,585 2,725 — 106 201,438 Total loans $ 2,355,507 $ 855,703 $ 199,258 $ 741,577 $ 995,863 $ 49,142 $ 39,443 $ 5,236,493 As of March 31, 2019 , there were no loans categorized as definite loss. At March 31, 2019 Residential Mortgage Home Equity (Dollars In Thousands) Originated: Loan-to-value ratio: Less than 50% $ 176,376 22.7 % $ 138,732 36.9 % 50% - 69% 281,204 36.3 % 84,592 22.5 % 70% - 79% 175,560 22.6 % 77,971 20.7 % 80% and over 16,239 2.1 % 32,154 8.5 % Data not available* 112 — % 25 — % Total originated 649,491 83.7 % 333,474 88.6 % Acquired: Loan-to-value ratio: Less than 50% 37,617 4.9 % 21,914 5.8 % 50%—69% 52,628 6.7 % 10,046 2.7 % 70%—79% 23,360 3.0 % 984 0.3 % 80% and over 6,612 0.9 % 4,749 1.3 % Data not available* 5,870 0.8 % 4,959 1.3 % Total acquired 126,087 16.3 % 42,652 11.4 % Total loans $ 775,578 100.0 % $ 376,126 100.0 % _______________________________________________________________________________ * 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, 2018 , by credit quality indicator. At December 31, 2018 Commercial Real Estate Multi- Family Mortgage Construction Commercial Equipment Financing Condominium Association Other Consumer Total (In Thousands) Originated: Loan rating: Pass $ 2,198,377 $ 799,483 $ 150,742 $ 685,773 $ 969,275 $ 50,186 $ 23,249 $ 4,877,085 OAEM 6,096 — — 3,726 52 — — 9,874 Substandard 4,431 330 396 22,870 6,895 265 11 35,198 Doubtful — — — 261 2,618 — — 2,879 Total originated 2,208,904 799,813 151,138 712,630 978,840 50,451 23,260 4,925,036 Acquired: Loan rating: Pass 111,919 47,715 22,162 23,250 3,240 — 110 208,396 OAEM 626 — — 236 — — — 862 Substandard 9,276 183 — 302 9 — — 9,770 Total acquired 121,821 47,898 22,162 23,788 3,249 — 110 219,028 Total loans $ 2,330,725 $ 847,711 $ 173,300 $ 736,418 $ 982,089 $ 50,451 $ 23,370 $ 5,144,064 As of December 31, 2018 , there were no loans categorized as definite loss. At December 31, 2018 Residential Mortgage Home Equity (Dollars In Thousands) Originated: Loan-to-value ratio: Less than 50% $ 171,523 21.9 % $ 142,534 37.9 % 50%—69% 287,337 36.7 % 84,423 22.4 % 70%—79% 173,870 22.2 % 73,898 19.6 % 80% and over 19,030 2.4 % 30,129 8.0 % Data not available* 1,299 0.2 % 30 — % Total originated 653,059 83.4 % 331,014 87.9 % Acquired: Loan-to-value ratio: Less than 50% 36,752 4.6 % 24,705 6.6 % 50%—69% 53,788 6.9 % 10,353 2.7 % 70%—79% 26,510 3.4 % 1,000 0.3 % 80% and over 6,701 0.9 % 4,348 1.2 % Data not available* 6,158 0.8 % 5,064 1.3 % Total acquired 129,909 16.6 % 45,470 12.1 % Total loans $ 782,968 100.0 % $ 376,484 100.0 % _______________________________________________________________________________ * 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 March 31, 2019 At December 31, (In Thousands) Foreclosed residential real estate property held by the creditor $ 629 $ 629 Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure $ 1,063 $ 121 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 March 31, 2019 and December 31, 2018 . At March 31, 2019 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 $ 1,898 $ 839 $ 2,584 $ 5,321 $ 2,238,767 $ 2,244,088 $ 600 $ 2,781 Multi-family mortgage 887 7,568 — 8,455 800,128 808,583 — 101 Construction — — 396 396 180,379 180,775 — 396 Total commercial real estate loans 2,785 8,407 2,980 14,172 3,219,274 3,233,446 600 3,278 Commercial loans and leases: Commercial 2,086 6,515 4,353 12,954 707,038 719,992 296 5,525 Equipment financing 3,026 1,919 6,350 11,295 981,843 993,138 53 10,253 Condominium association 139 — — 139 49,003 49,142 — 224 Total commercial loans and leases 5,251 8,434 10,703 24,388 1,737,884 1,762,272 349 16,002 Consumer loans: Residential mortgage 11,359 784 779 12,922 636,569 649,491 — 1,902 Home equity 219 26 82 327 333,147 333,474 2 198 Other consumer 30 3 7 40 39,297 39,337 — 8 Total consumer loans 11,608 813 868 13,289 1,009,013 1,022,302 2 2,108 Total originated loans and leases $ 19,644 $ 17,654 $ 14,551 $ 51,849 $ 5,966,171 $ 6,018,020 $ 951 $ 21,388 At March 31, 2019 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 $ — $ 74 $ 8,864 $ 8,938 $ 102,481 $ 111,419 $ 8,794 $ 108 Multi-family mortgage — — — — 47,120 47,120 — — Construction — 2,587 4,811 7,398 11,085 18,483 4,811 — Total commercial real estate loans — 2,661 13,675 16,336 160,686 177,022 13,605 108 Commercial loans and leases: Commercial 44 — 314 358 21,227 21,585 111 203 Equipment financing — — 8 8 2,717 2,725 8 — Total commercial loans and leases 44 — 322 366 23,944 24,310 119 203 Consumer loans: Residential mortgage 341 845 2,085 3,271 122,816 126,087 2,085 286 Home equity 148 86 267 501 42,151 42,652 40 824 Other consumer 3 — — 3 103 106 — — Total consumer loans 492 931 2,352 3,775 165,070 168,845 2,125 1,110 Total acquired loans and leases $ 536 $ 3,592 $ 16,349 $ 20,477 $ 349,700 $ 370,177 $ 15,849 $ 1,421 Total loans and leases $ 20,180 $ 21,246 $ 30,900 $ 72,326 $ 6,315,871 $ 6,388,197 $ 16,800 $ 22,809 At December 31, 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 $ 5,139 $ 896 $ 2,962 $ 8,997 $ 2,199,907 $ 2,208,904 $ 277 $ 3,806 Multi-family mortgage 893 — 145 1,038 798,775 799,813 — 330 Construction 297 — 396 693 150,445 151,138 — 396 Total commercial real estate loans 6,329 896 3,503 10,728 3,149,127 3,159,855 277 4,532 Commercial loans and leases: Commercial 2,021 582 6,244 8,847 703,783 712,630 1,962 6,421 Equipment financing 2,509 650 5,685 8,844 969,996 978,840 12 9,500 Condominium association 320 — — 320 50,131 50,451 — 265 Total commercial loans and leases 4,850 1,232 11,929 18,011 1,723,910 1,741,921 1,974 16,186 Consumer loans: Residential mortgage 400 — 1,597 1,997 651,062 653,059 — 1,842 Home equity 761 25 183 969 330,045 331,014 1 191 Other consumer 51 18 15 84 23,176 23,260 — 17 Total consumer loans 1,212 43 1,795 3,050 1,004,283 1,007,333 1 2,050 Total originated loans and leases $ 12,391 $ 2,171 $ 17,227 $ 31,789 $ 5,877,320 $ 5,909,109 $ 2,252 $ 22,768 At December 31, 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 $ — $ 215 $ 9,087 $ 9,302 $ 112,519 $ 121,821 $ 9,018 $ 122 Multi-family mortgage 348 — — 348 47,550 47,898 — — Construction 360 242 — 602 21,560 22,162 — — Total commercial real estate loans 708 457 9,087 10,252 181,629 191,881 9,018 122 Commercial loans and leases: Commercial 124 44 290 458 23,330 23,788 90 200 Equipment financing — — 9 9 3,240 3,249 9 — Total commercial loans and leases 124 44 299 467 26,570 27,037 99 200 Consumer loans: Residential mortgage — 371 2,113 2,484 127,425 129,909 2,113 290 Home equity 191 265 2 458 45,012 45,470 — 717 Other consumer — — — — 110 110 — — Total consumer loans 191 636 2,115 2,942 172,547 175,489 2,113 1,007 Total acquired loans and leases $ 1,023 $ 1,137 $ 11,501 $ 13,661 $ 380,746 $ 394,407 $ 11,230 $ 1,329 Total loans and leases $ 13,414 $ 3,308 $ 28,728 $ 45,450 $ 6,258,066 $ 6,303,516 $ 13,482 $ 24,097 Commercial Real Estate Loans —As of March 31, 2019 , 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 -- 36.8% ; multi-family mortgage loans -- 13.4% ; and construction loans -- 3.2% . 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 March 31, 2019 , 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 -- 11.6% ; equipment financing loans -- 15.6% ; and loans to condominium associations -- 0.8% . 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 March 31, 2019 , 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 -- 12.1% , home equity loans -- 5.9% , and other consumer loans -- 0.6% . 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 March 31, 2019 At December 31, 2018 Recorded (1) Unpaid Related Recorded Investment (2) Unpaid Related (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 8,893 $ 8,912 $ — $ 5,569 $ 5,545 $ — Commercial 35,666 35,764 — 30,927 31,053 — Consumer 2,721 2,710 — 2,989 2,978 — Total originated with no related allowance recorded 47,280 47,386 — 39,485 39,576 — With an allowance recorded: Commercial real estate 468 468 14 396 396 5 Commercial 8,171 8,144 2,268 8,224 8,208 2,961 Consumer 663 662 88 665 664 89 Total originated with an allowance recorded 9,302 9,274 2,370 9,285 9,268 3,055 Total originated impaired loans and leases 56,582 56,660 2,370 48,770 48,844 3,055 Acquired: With no related allowance recorded: Commercial real estate 9,148 9,148 — 9,538 9,538 — Commercial 560 560 — 531 531 — Consumer 4,923 4,923 — 4,772 4,772 — Total acquired with no related allowance recorded 14,631 14,631 — 14,841 14,841 — With an allowance recorded: Consumer 152 152 26 154 154 26 Total acquired with an allowance recorded 152 152 26 154 154 26 Total acquired impaired loans and leases 14,783 14,783 26 14,995 14,995 26 Total impaired loans and leases $ 71,365 $ 71,443 $ 2,396 $ 63,765 $ 63,839 $ 3,081 ___________________________________________________________________________ (1) Includes originated and acquired nonaccrual loans of $21.3 million and $1.4 million , respectively as of March 31, 2019 . (2) Includes originated and acquired nonaccrual loans of $22.7 million and $1.3 million , respectively as of December 31, 2018 . Three Months Ended March 31, 2019 March 31, 2018 Average Interest Average Interest (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 8,699 $ 65 $ 7,985 $ 30 Commercial 35,162 349 27,761 272 Consumer 2,732 8 3,353 13 Total originated with no related allowance recorded 46,593 422 39,099 315 With an allowance recorded: Commercial real estate 469 1 — — Commercial 8,467 28 7,993 16 Consumer 663 6 134 1 Total originated with an allowance recorded 9,599 35 8,127 17 Total originated impaired loans and leases 56,192 457 47,226 332 Acquired: With no related allowance recorded: Commercial real estate 9,153 3 10,681 1 Commercial 559 4 1,624 4 Consumer 4,943 15 4,860 15 Total acquired with no related allowance recorded 14,655 22 17,165 20 With an allowance recorded: Consumer 153 1 114 1 Total acquired with an allowance recorded 153 1 114 1 Total acquired impaired loans and leases 14,808 23 17,279 21 Total impaired loans and leases $ 71,000 $ 480 $ 64,505 $ 353 The following tables present information regarding impaired and non-impaired loans and leases at the dates indicated: At March 31, 2019 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Originated: Individually evaluated for impairment $ 14 $ 2,268 $ 88 $ 2,370 Collectively evaluated for impairment 26,779 21,785 5,312 53,876 Total originated loans and leases 26,793 24,053 5,400 56,246 Acquired: Individually evaluated for impairment — — 26 26 Collectively evaluated for impairment 30 80 18 128 Acquired with deteriorated credit quality 1,526 107 8 1,641 Total acquired loans and leases 1,556 187 52 1,795 Total allowance for loan and lease losses $ 28,349 $ 24,240 $ 5,452 $ 58,041 Loans and Leases: Originated: Individually evaluated for impairment $ 9,107 $ 37,413 $ 3,224 $ 49,744 Collectively evaluated for impairment 3,224,339 1,724,859 1,019,078 5,968,276 Total originated loans and leases 3,233,446 1,762,272 1,022,302 6,018,020 Acquired: Individually evaluated for impairment — 407 2,174 2,581 Collectively evaluated for impairment 109,113 21,229 136,377 266,719 Acquired with deteriorated credit quality 67,909 2,674 30,294 100,877 Total acquired loans and leases 177,022 24,310 168,845 370,177 Total loans and leases $ 3,410,468 $ 1,786,582 $ 1,191,147 $ 6,388,197 At December 31, 2018 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Originated: Individually evaluated for impairment $ 5 $ 2,961 $ 89 $ 3,055 Collectively evaluated for impairment 26,617 22,131 5,075 53,823 Total originated loans and leases 26,622 25,092 5,164 56,878 Acquired: Individually evaluated for impairment — — 26 26 Collectively evaluated for impairment 32 83 20 135 Acquired with deteriorated credit quality 1,533 108 12 1,653 Total acquired loans and leases 1,565 191 58 1,814 Total allowance for loan and lease losses $ 28,187 $ 25,283 $ 5,222 $ 58,692 Loans and Leases: Originated: Individually evaluated for impairment $ 5,610 $ 32,127 $ 3,502 $ 41,239 Collectively evaluated for impairment 3,154,245 1,709,794 1,003,831 5,867,870 Total originated loans and leases 3,159,855 1,741,921 1,007,333 5,909,109 Acquired: Individually evaluated for impairment — 404 2,072 2,476 Collectively evaluated for impairment 121,119 24,094 142,194 287,407 Acquired with deteriorated credit quality 70,762 2,539 31,223 104,524 Total acquired loans and leases 191,881 27,037 175,489 394,407 Total loans and leases $ 3,351,736 $ 1,768,958 $ 1,182,822 $ 6,303,516 Troubled Debt Restructured Loans and Leases A specific valuation allowance for losses on 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. The following table sets forth information regarding TDR loans and leases at the dates indicated: At March 31, 2019 At December 31, 2018 (In Thousands) Troubled debt restructurings: On accrual $ 28,543 $ 12,257 On nonaccrual 7,597 8,684 Total troubled debt restructurings $ 36,140 $ 20,941 Total TDR loans and leases increased by $15.2 million to $36.1 million at March 31, 2019 from $20.9 million at December 31, 2018 , driven primarily by new troubled debt restructurings on three commercial relationships. The recorded investment in TDR loans and the associated specific allowances for loan and lease losses, in the originated and acquired loan and lease portfolios, that were modified during the periods indicated, are as follows. At and for the Three Months Ended March 31, 2019 Recorded Investment Specific Allowance for Loan and Lease Losses Defaulted (1) Number of Loans/ Leases At Modification At End of Period Nonaccrual Loans and Leases Number of Loans/ Leases Recorded Investment (Dollars in Thousands) Originated: Commercial real estate 1 $ 73 $ 72 $ 9 $ — 1 $ 635 Commercial 6 16,754 16,730 — — 3 1,074 Equipment financing 3 816 815 182 425 1 52 Residential mortgage — — — — — 1 341 Total originated 10 $ 17,643 $ 17,617 $ 191 $ 425 6 $ 2,102 ______________________________________________________________________ (1) Includes loans and leases that have been modified within the past twelve months and subsequently had payment defaults during the period indicated. At and for the Three Months Ended March 31, 2018 Recorded Investment Specific Allowance for Loan and Lease Losses Defaulted (1) Number of Loans/ Leases At Modification At End of Period Nonaccrual Loans and Leases Number of Loans/ Leases Recorded Investment (Dollars in Thousands) Originated: Commercial 6 $ 635 $ 635 $ 41 $ 635 1 $ 929 Equipment financing 6 1,555 1,555 — — — — Total originated 12 $ 2,190 $ 2,190 $ 41 $ 635 1 $ 929 ______________________________________________________________________ (1) Includes loans and leases that have been modified within the past twelve months and subsequently had payment defaults during the period indicated. The following table sets forth the Company's end-of-period balances for TDRs that were modified during the periods indicated, by type of modification. Three Months Ended March 31, |
