| 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 in loans and leases by portfolio segment for the periods indicated: Three Months Ended June 30, 2022 Commercial Commercial Consumer Total (In Thousands) Balance at March 31, 2022 $ 69,031 $ 23,503 $ 2,929 $ 95,463 Charge-offs — (1,533) — (1,533) Recoveries 6 279 6 291 (Credit) provision for loan and lease losses excluding unfunded commitments 990 (2,144) 121 (1,033) Balance at June 30, 2022 $ 70,027 $ 20,105 $ 3,056 $ 93,188 Three Months Ended June 30, 2021 Commercial Commercial Consumer Total (In Thousands) Balance at March 31, 2021 $ 79,929 $ 25,825 $ 4,083 $ 109,837 Charge-offs (28) (1,184) (9) (1,221) Recoveries 11 489 126 626 (Credit) provision for loan and lease losses excluding unfunded commitments (5,903) 3,234 (99) (2,768) Balance at June 30, 2021 $ 74,009 $ 28,364 $ 4,101 $ 106,474 Six Months Ended June 30, 2022 Commercial Commercial Consumer Total (In Thousands) Balance at December 31, 2021 $ 69,213 $ 27,055 $ 2,816 $ 99,084 Charge-offs (37) (3,833) (7) (3,877) Recoveries 11 632 44 687 (Credit) provision for loan and lease losses excluding unfunded commitments 840 (3,749) 203 (2,706) Balance at June 30, 2022 $ 70,027 $ 20,105 $ 3,056 $ 93,188 Six Months Ended June 30, 2021 Commercial Commercial Consumer Total (In Thousands) Balance at December 31, 2020 $ 80,132 $ 29,498 $ 4,749 $ 114,379 Charge-offs (28) (3,323) (13) (3,364) Recoveries 11 819 179 1,009 (Credit) provision for loan and lease losses excluding unfunded commitments (6,106) 1,370 (814) (5,550) Balance at June 30, 2021 $ 74,009 $ 28,364 $ 4,101 $ 106,474 The allowance for credit losses for unfunded credit commitments, which is included in other liabilities, was $17.5 million and $14.8 million at June 30, 2022 and December 31, 2021, respectively. 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, 2022 2021 2022 2021 (In Thousands) Provision (credit) for loan and lease losses: Commercial real estate $ 990 $ (5,903) $ 840 $ (6,106) Commercial (2,144) 3,234 (3,749) 1,370 Consumer 121 (99) 203 (814) Total (credit) provision for loan and lease losses (1,033) (2,768) (2,706) (5,550) Unfunded commitments 1,206 (563) 2,715 72 Total provision (credit) for credit losses $ 173 $ (3,331) $ 9 $ (5,478) Allowance for Loan and Lease Losses Methodology Management has established a methodology to determine the adequacy of the allowance for credit losses that assesses the risks and losses expected on the loan and lease portfolio and unfunded commitments. Additions to the allowance for credit 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. To calculate the allowance for loans collectively evaluated, management uses models developed by a third party. The models include: commercial real estate ("CRE"), commercial and industrial ("C&I"), and retail lifetime loss rate models calculate the expected losses over the life of the loan based on exposure at default loan attributes and reasonable, supportable economic forecasts. The exposure at default considers the current unpaid balance, prepayment assumptions and expected utilization assumptions. The expected loss estimates for two small commercial portfolios are based on historical loss rates. Key assumptions used in the models include portfolio segmentation, prepayments, and the expected utilization of unfunded commitments, among others. The portfolios are segmented by loan level attributes such as loan type, loan size, date of origination, and delinquency status to create homogenous loan pools. Pool level metrics are calculated and loss rates are subsequently applied to the pools as the loans have like characteristics. Prepayment assumptions are embedded within the models and are based on the same data used for model development and incorporate adjustments for reasonable and supportable forecasts. Model development data and developmental time periods vary by model, but all use at least ten years of historical data and capture at least one recessionary period. Expected utilization is based on current utilization and a loan equivalency ("LEQ") factor. LEQ varies by current utilization and provides a reasonable estimate of expected draws and borrower behavior. Assumptions and model inputs are reviewed in accordance with model monitoring practices and as information becomes available . The ACL estimate incorporates reasonable and supportable forecasts of various macro-economic variables over the remaining life of loans and leases. The development of the reasonable and supportable forecast assume each macro-economic variable will revert to long-term expectations, with reversion characteristics unique to specific economic indicators and forecasts. Reversion towards long-term expectations generally begins two to three years from the forecast start date and largely completes within the first five years. Because the reasonable and supportable economic forecasts used in the models are mean reverting, the models are therefore considered to be implicitly mean reverting. Management elected to use multiple economic forecasts in determining the reserve to account for economic uncertainty. The forecasts include various projections of Gross Domestic Product ("GDP"), interest rates, property price indices, and employment measures. Scenario weighting and model parameters are reviewed for each calculation and updated to reflect facts and circumstances as of the financial statement date. The forecasts utilized at June 30, 2022 reflect the immediate and longer-term effects of the COVID-19 pandemic as well as the associated policies and fiscal support provided by local and national authorities. The CRE lifetime loss rate, C&I lifetime loss rate, and Retail lifetime loss rate models were developed using the historical loss experience of all banks in the model’s developmental dataset. Banks in the model’s developmental dataset may have different loss experiences due to geography and portfolio as well as variances in operational and underwriting procedures from the Company, and therefore, the Company calibrates expected losses using a scalar for each model. Each scalar was calculated by examining the loss rates of peer banks that have similar operations and asset bases to the Company and comparing these peer group loss rates to the model results. Peer group loss rates were used in the scalar calculation because management believes the peer group’s historical losses provide a better reflection of the Company’s current portfolio and operating procedures than the Company’s historical losses. Qualitative adjustments are also applied to the results of the three loss rate models. As of June 30, 2022, management applied qualitative adjustments to the CRE lifetime loss rate, C&I lifetime loss rate, and Retail lifetime loss rate models. These adjustments addressed model limitations, were based on historical loss patterns, and targeted specific risks within the certain portfolios. A general qualitative adjustment was applied to all models to account for general economic uncertainty by placing a greater probability on negative economic forecasts. Additional qualitative adjustments were applied to the commercial, multifamily, and commercial real estate (includes owner occupied, non-owner occupied, and construction) portfolios based on the Company’s historical loss experience and the loss experience of the Company’s peer group. High risk segments of the Eastern Funding portfolios also received additional qualitative adjustments based on recent loss history and expected liquidation values. These qualitative adjustments resulted in additions to reserves for all portfolios, as compared to the model output. Specific reserves are established for loans individually evaluated for impairment when amortized cost basis is greater than the discounted present value of expected future cash flows or, in the case of collateral-dependent loans, when there is an excess of a loan's amortized cost basis over the fair value of its underlying collateral. When loans and leases do not share risk characteristics with other financial assets they are evaluated individually. Individually evaluated loans are reviewed quarterly with adjustments made to the calculated reserve as necessary. Beginning January 1, 2020, the Company implemented the current expected credit loss ("CECL") methodology to calculate the allowance for credit losses. Prior to January 1, 2020, the Company calculated the allowance for loan and lease losses using the incurred losses methodology. The general allowance for loan and lease losses was $92.1 million as of June 30, 2022, compared to $95.8 million as of December 31, 2021. The reduction in the ACL is attributable to continued low level of net charge-offs, an improving macro-economic forecast, and a reduction in qualitative adjustments that consider longer-term risks. The specific allowance for loan and lease losses was $1.1 million as of June 30, 2022, compared to $3.3 million as of December 31, 2021. The specific allowance decreased by $2.2 million during the six months ended June 30, 2022 primarily due to the charge-off of a specific reserve for a specialty finance relationship. As of June 30, 2022, management believes that the methodology for calculating the allowance is sound and that the allowance provides a reasonable basis for determining and reporting on expected losses over the lifetime of the Company’s loan portfolios. 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 credit 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, adversely risk-rated, 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 troubled debt restructuring ("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 table presents the amortized cost basis of loans in each class by credit quality indicator and year of origination as of June 30, 2022. June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Commercial Real Estate Pass $ 254,915 $ 643,991 $ 315,196 $ 396,199 $ 233,120 $ 1,055,076 $ 48,149 $ 11,123 $ 2,957,769 OAEM — — — 16,240 2,865 7,756 — — 26,861 Substandard — 662 — — — 6,470 — 1,746 8,878 June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Total 254,915 644,653 315,196 412,439 235,985 1,069,302 48,149 12,869 2,993,508 Multi-Family Mortgage Pass 75,167 228,765 123,533 144,471 97,854 337,425 3,720 37,480 1,048,415 OAEM — — — — — 7,542 — — 7,542 Total 75,167 228,765 123,533 148,244 97,854 344,967 3,720 37,480 1,059,730 Construction Pass 20,417 53,050 30,750 2,556 50,173 — 8,226 — 165,172 OAEM 409 6,935 — — — — — — 7,344 Total 20,826 59,985 30,750 2,556 50,173 — 8,226 — 172,516 Commercial Pass 23,548 141,011 60,698 41,365 36,906 75,071 278,429 1,550 658,578 OAEM — 4,332 1,216 494 — — 864 — 6,906 Substandard — 15 — — 45 186 736 1,109 2,091 Doubtful — — — — — — — 1 1 Total 23,548 145,358 61,914 41,859 36,951 75,257 280,029 2,660 667,576 Equipment Financing Pass 220,848 320,176 220,250 175,842 101,348 84,717 13,372 1,554 1,138,107 OAEM — — 416 162 23 — — — 601 Substandard 42 438 1,061 3,188 2,417 3,178 — — 10,324 Doubtful — — — 1 1 13 — — 15 Total 220,890 320,614 221,727 179,193 103,789 87,908 13,372 1,554 1,149,047 Condominium Association Pass 1,827 5,575 8,869 6,585 2,041 15,636 2,924 30 43,487 Substandard — — — — — 71 1 — 72 Total 1,827 5,575 8,869 6,585 2,041 15,707 2,925 30 43,559 Other Consumer Pass 403 556 35 23 1,505 755 53,197 6 56,480 Total 403 556 35 23 1,505 755 53,197 6 56,480 Total Pass 597,125 1,393,124 759,331 767,041 522,947 1,568,680 408,017 51,743 6,068,008 OAEM 409 11,267 1,632 16,896 2,888 15,298 864 — 49,254 Substandard 42 1,115 1,061 6,961 2,462 9,905 737 2,855 25,138 Doubtful — — — 1 1 13 — 1 16 Total $ 597,576 $ 1,405,506 $ 762,024 $ 790,899 $ 528,298 $ 1,593,896 $ 409,618 $ 54,599 $ 6,142,416 As of June 30, 2022, there were no loans categorized as definite loss. For residential mortgage and home equity loans, the borrowers' credit scores contribute as a reserve metric in the retail loss rate model. At June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Residential Credit Scores Over 700 $ 63,925 $ 182,768 $ 100,406 $ 64,546 $ 40,113 $ 151,772 $ 3,464 $ 351 $ 607,345 661 - 700 8,053 22,267 18,705 12,391 8,896 31,904 — — 102,216 600 and below 2,497 3,790 5,598 3,372 2,284 15,645 — — 33,186 Data not available* 11,652 8,496 719 1,942 — 56,177 — — 78,986 Total $ 86,127 $ 217,321 $ 125,428 $ 82,251 $ 51,293 $ 255,498 $ 3,464 $ 351 $ 821,733 Home Equity Credit Scores Over 700 $ 1,167 $ 1,469 $ 1,247 $ 1,429 $ 1,202 $ 7,998 $ 247,826 $ 2,185 $ 264,523 661 - 700 27 95 37 273 292 1,567 41,232 486 44,009 600 and below — 92 51 97 — 417 9,137 603 10,397 Data not available* — 2 — — — 1,123 7,433 276 8,834 Total $ 1,194 $ 1,658 $ 1,335 $ 1,799 $ 1,494 $ 11,105 $ 305,628 $ 3,550 $ 327,763 _______________________________________________________________________________ * Represents loans and leases for which data are not available. The following tables present the recorded investment in loans in each class as of December 31, 2021, by credit quality indicator. December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Commercial Real Estate Pass $ 660,657 $ 309,397 $ 398,269 $ 242,931 $ 188,952 $ 923,232 $ 47,315 $ 12,230 $ 2,782,983 OAEM — — 16,891 2,888 3,877 22,929 — — 46,585 Substandard 675 180 — — 569 7,985 — 3,814 13,223 Total 661,332 309,577 415,160 245,819 193,398 954,146 47,315 16,044 2,842,791 Multi-Family Mortgage Pass 230,219 124,897 149,580 120,683 84,124 347,991 4,095 37,040 1,098,629 OAEM — — — — — 1,189 — — 1,189 Total 230,219 124,897 149,580 120,683 84,124 349,180 4,095 37,040 1,099,818 December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Construction Pass 48,988 32,448 17,552 49,801 — — 7,847 — 156,636 Substandard — — 3,795 — — — — — 3,795 Total 48,988 32,448 21,347 49,801 — — 7,847 — 160,431 Commercial Pass 231,829 76,535 44,454 36,498 9,009 99,724 221,861 1,335 721,245 OAEM — 1,494 3,106 2,880 — — 844 — 8,324 Substandard 17 13 — 90 189 1,826 773 1,909 4,817 Doubtful — — — — — — — 2 2 Total 231,846 78,042 47,560 39,468 9,198 101,550 223,478 3,246 734,388 Equipment Financing Pass 350,564 266,845 216,369 131,802 65,132 53,177 3,959 349 1,088,197 OAEM — 196 1,622 277 65 16 — — 2,176 Substandard 286 1,115 3,811 4,905 2,332 2,775 — — 15,224 Doubtful — — — 1 6 7 — — 14 Total 350,850 268,156 221,802 136,985 67,535 55,975 3,959 349 1,105,611 Condominium Association Pass 4,380 9,423 7,814 4,121 4,050 14,074 3,086 105 47,053 Substandard — — — — — 84 — — 84 Total 4,380 9,423 7,814 4,121 4,050 14,158 3,086 105 47,137 Other Consumer Pass 562 133 46 1,508 28 730 37,378 2 40,387 Substandard — — — — — — 1 — 1 Total 562 133 46 1,508 28 730 37,379 2 40,388 Total Pass 1,527,199 819,678 834,084 587,344 351,295 1,438,928 325,541 51,061 5,935,130 OAEM — 1,690 21,619 6,045 3,942 24,134 844 — 58,274 Substandard 978 1,308 7,606 4,995 3,090 12,670 774 5,723 37,144 December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Doubtful — — — 1 6 7 — 2 16 Total $ 1,528,177 $ 822,676 $ 863,309 $ 598,385 $ 358,333 $ 1,475,739 $ 327,159 $ 56,786 $ 6,030,564 As of December 31, 2021, there were no loans categorized as definite loss. At December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Residential Credit Scores Over 700 $ 182,759 $ 111,380 $ 69,901 $ 51,454 $ 40,467 $ 127,303 $ 2,990 $ 355 $ 586,609 661 - 700 24,370 19,078 14,011 9,018 12,846 25,294 — — 104,617 600 and below 4,145 6,368 3,408 2,996 3,492 13,801 — — 34,210 Data not available* 10,936 — 1,958 — 6,847 54,560 — — 74,301 Total $ 222,210 $ 136,826 $ 89,278 $ 63,468 $ 63,652 $ 220,958 $ 2,990 $ 355 $ 799,737 Home Equity Credit Scores Over 700 $ 1,530 $ 1,469 $ 1,790 $ 1,520 $ 1,561 $ 8,254 $ 242,980 $ 1,844 $ 260,948 661 - 700 98 51 297 392 210 1,658 42,542 541 45,789 600 and below 92 54 101 — 12 436 8,484 713 9,892 Data not available* — — — — — 1,216 5,937 374 7,527 Total $ 1,720 $ 1,574 $ 2,188 $ 1,912 $ 1,783 $ 11,564 $ 299,943 $ 3,472 $ 324,156 Age Analysis of Past Due Loans and Leases The following table presents an age analysis of the amortized cost basis in loans and leases as of June 30, 2022. At June 30, 2022 Past Due Past 31-60 61-90 Greater Total Current Total Loans Non-accrual Non-accrual (In Thousands) Commercial real estate loans: Commercial real estate $ 9,477 $ 190 $ 6,259 $ 15,926 $ 2,977,582 $ 2,993,508 $ — $ 6,470 $ 6,258 Multi-family mortgage 409 — — 409 1,059,321 1,059,730 — — — Construction — — — — 172,516 172,516 — — — Total commercial real estate loans 9,886 190 6,259 16,335 4,209,419 4,225,754 — 6,470 6,258 Commercial loans and leases: Commercial 622 — 705 1,327 666,249 667,576 — 892 218 Equipment financing 2,978 1,929 5,936 10,843 1,138,204 1,149,047 263 10,183 1,141 Condominium association — — — — 43,559 43,559 — 71 — Total commercial loans and leases 3,600 1,929 6,641 12,170 1,848,012 1,860,182 263 11,146 1,359 Consumer loans: Residential mortgage 2,956 — 1,592 4,548 817,185 821,733 — 2,412 1,091 Home equity 514 1 18 533 327,230 327,763 3 721 — Other consumer 3 3 3 9 56,471 56,480 — 3 — Total consumer loans 3,473 4 1,613 5,090 1,200,886 1,205,976 3 3,136 1,091 Total loans and leases $ 16,959 $ 2,123 $ 14,513 $ 33,595 $ 7,258,317 $ 7,291,912 $ 266 $ 20,752 $ 8,708 There is no interest income recognized on nonaccrual loans for the three and six months ended June 30, 2022. The following tables present an age analysis of the recorded investment in originated and acquired loans and leases as of December 31, 2021. At December 31, 2021 Past Due Loans and Non-accrual 31-60 61-90 Greater Total Current Total Loans Non-accrual (In Thousands) Commercial real estate loans: Commercial real estate $ 2,424 $ 1,488 $ 10,443 $ 14,355 $ 2,828,436 $ 2,842,791 $ — $ 10,848 $ 10,244 Multi-family mortgage 371 89 — 460 1,099,358 1,099,818 — — — Construction 396 — — 396 160,035 160,431 — — — Total commercial real estate loans 3,191 1,577 10,443 15,211 4,087,829 4,103,040 — 10,848 10,244 Commercial loans and leases: Commercial 287 88 748 1,123 733,265 734,388 — 2,318 1,383 Equipment financing 5,265 1,044 8,774 15,083 1,090,528 1,105,611 — 15,014 1,602 Condominium association 57 — — 57 47,080 47,137 — 84 — Total commercial loans and leases 5,609 1,132 9,522 16,263 1,870,873 1,887,136 — 17,416 2,985 Consumer loans: Residential mortgage 454 3,169 2,315 5,938 793,799 799,737 — 3,909 2,165 Home equity 424 201 114 739 323,417 324,156 1 285 — Other consumer 5 2 1 8 40,380 40,388 — 1 — Total consumer loans 883 3,372 2,430 6,685 1,157,596 1,164,281 1 4,195 2,165 Total loans and leases $ 9,683 $ 6,081 $ 22,395 $ 38,159 $ 7,116,298 $ 7,154,457 $ 1 $ 32,459 $ 15,394 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 loans and leases risk-rated "substandard" or worse are considered impaired. The Company has also defined the population of impaired loans to include nonaccrual loans and TDR loans. Impaired loans and leases which do not share similar risk characteristics with other loans are individually evaluated for credit losses. Specific reserves are established for loans and leases with deterioration in the present value of expected future cash flows or, in the case of collateral-dependent loans and leases, any increase in the loan or lease amortized cost basis over the fair value of the underlying collateral discounted for estimated selling costs. In contrast, the loans and leases which share similar risk characteristics and are not included in the individually evaluated population are collectively evaluated for credit losses. The following tables present information regarding individually evaluated and collectively evaluated allowance for loan and lease losses for credit losses on loans and leases at the dates indicated. At June 30, 2022 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Individually evaluated $ 63 $ 1,005 $ 62 $ 1,130 Collectively evaluated 69,964 19,100 2,994 92,058 Total $ 70,027 $ 20,105 $ 3,056 $ 93,188 Loans and Leases: Individually evaluated $ 12,851 $ 5,931 $ 3,889 $ 22,671 Collectively evaluated 4,212,903 1,854,251 1,202,087 7,269,241 Total $ 4,225,754 $ 1,860,182 $ 1,205,976 $ 7,291,912 At December 31, 2021 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Individually evaluated $ — $ 3,236 $ 38 $ 3,274 Collectively evaluated 69,213 23,819 2,778 95,810 Total loans and leases $ 69,213 $ 27,055 $ 2,816 $ 99,084 Loans and Leases: Individually evaluated $ 16,906 $ 10,944 $ 4,853 $ 32,703 Collectively evaluated 4,086,134 1,876,192 1,159,428 7,121,754 Total loans and leases $ 4,103,040 $ 1,887,136 $ 1,164,281 $ 7,154,457 Troubled Debt Restructuring Loans and Leases The following table sets forth information regarding TDR loans and leases at the dates indicated: At June 30, 2022 At December 31, 2021 (In Thousands) Troubled debt restructurings: On accrual $ 11,524 $ 12,580 On nonaccrual 5,097 6,709 Total troubled debt restructurings $ 16,621 $ 19,289 Total TDR loans and leases decreased by $2.7 million to $16.6 million at June 30, 2022 from $19.3 million at December 31, 2021, primarily driven by the payoffs, as well as the payments on TDR loans, partially offset by new TDR loans during the six months ended June 30, 2022. The amortized cost basis in TDR loans and the associated specific credit losses for the loan and lease portfolios, that were modified during the periods indicated, are as follows. At and for the Three Months Ended June 30, 2022 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Equipment financing 6 $ 8 $ 333 $ — $ 180 3 $ 295 Total loans and leases 6 $ 8 $ 333 $ — $ 180 3 $ 295 ______________________________________________________________________ (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 June 30, 2021 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Equipment financing 28 $ 1,236 $ 1,222 $ 9 $ 483 5 $ 211 Residential mortgage 1 864 864 — — — — Home equity 1 312 312 — — — — Total loans and leases 30 $ 2,412 $ 2,398 $ 9 $ 483 5 $ 211 ______________________________________________________________________ (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 Six Months Ended June 30, 2022 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Equipment financing 17 $ 561 $ 851 $ — $ 366 5 $ 361 Total loans and leases 17 $ 561 $ 851 $ — $ 366 5 $ 361 At and for the Six Months Ended June 30, 2021 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Commercial real estate 1 $ 497 $ 497 $ — $ — — $ — Equipment financing 40 2,954 2,922 9 713 5 211 Residential mortgage 1 864 864 — — — — Home equity 1 312 312 — — — — Total loans and leases 43 $ 4,627 $ 4,595 $ 9 $ 713 5 $ 211 The following table sets forth the Company's end-of-period amortized cost basis for TDRs that were modified during the periods indicated, by type of modification. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In Thousands) Loans with one modification: Extended maturity $ 44 $ 1,143 $ 292 $ 2,667 Combination maturity, principal, interest rate 289 1,255 559 1,928 Total loans with modifications $ 333 $ 2,398 $ 851 $ 4,595 The TDR loans and leases that were modified for the three months ended June 30, 2022 and 2021 were $0.3 million and $2.4 million, respectively. The decrease in TDR loans and leases that were modified for the three months ended June 30, 2022 were primarily due to the loan payoffs. The net charge-offs for performing and nonperforming TDR loans and leases for the six months ended June 30, 2022 and 2021 were $0.1 million and $0.5 million respectively. The commitments to lend funds to debtors owing receivables whose terms had been modified in TDRs as of June 30, 2022 was $0.5 million. As of June 30, 2021, there were $2.1 million commitments to lend funds to debtors owing receivables whose terms had been modified in TDRs. |
