Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 6. Major classifications of loans are as follows: December 31, 2018 December 31, 2017 Legacy(1) Acquired Total Legacy(1) Acquired Total Commercial Real Estate Owner Occupied $ 299,266,275 $ 140,892,706 $ 440,158,981 $ 268,128,087 $ 87,658,855 $ 355,786,942 Investment 592,529,807 195,883,002 788,412,809 485,536,921 52,926,739 538,463,660 Hospitality 172,189,046 13,134,019 185,323,065 164,193,228 7,395,186 171,588,414 Land and A&D 71,908,761 21,760,867 93,669,628 67,310,660 9,230,771 76,541,431 Residential Real Estate First Lien—Investment 104,084,050 48,483,340 152,567,390 79,762,682 21,220,518 100,983,200 First Lien—Owner Occupied 108,696,078 140,221,589 248,917,667 67,237,699 62,524,794 129,762,493 Residential Land and A&D 42,639,161 16,828,434 59,467,595 35,879,853 6,536,160 42,416,013 HELOC and Jr. Liens 20,749,184 41,939,123 62,688,307 21,520,339 16,019,418 37,539,757 Commercial and Industrial 239,766,662 91,431,724 331,198,386 154,244,645 33,100,688 187,345,333 Consumer 16,289,147 34,919,111 51,208,258 10,758,589 49,082,751 59,841,340 Total Loans 1,668,118,171 745,493,915 2,413,612,086 1,354,572,703 345,695,880 1,700,268,583 Allowance for loan losses (7,004,839 ) (466,184 ) (7,471,023 ) (5,738,534 ) (182,052 ) (5,920,586 ) Deferred loan costs, net 3,086,635 — 3,086,635 2,013,434 — 2,013,434 Total Net Loans $ 1,664,199,967 $ 745,027,731 $ 2,409,227,698 $ 1,350,847,603 $ 345,513,828 $ 1,696,361,431 ______________________ ( 1 As a result of the acquisitions of Maryland Bankcorp, Inc. (“Maryland Bankcorp”), the parent company of Maryland Bank & Trust Company, N.A. (“MB&T”), in April 2011, May 2013, December 2015, July 2017 April 2018, two Credit Policies and Administration We have adopted a comprehensive lending policy, which includes stringent underwriting standards for all types of loans. We have designed our underwriting standards to promote a complete banking relationship rather than a transactional relationship. Our lending staff follows pricing guidelines established periodically by our management team. In an effort to manage risk, prior to funding the loan committee, consisting of four four Management believes that we employ experienced lending officers, secure appropriate collateral and carefully monitors the financial condition of our borrowers and the loan concentration of loans in the portfolio. In addition to the internal business processes employed in the credit administration area, the Bank retains an outside independent firm to review the loan portfolio. This firm performs a detailed annual review and an interim update. We use the results of the firm’s report to validate our internal ratings and we review the commentary on specific loans and on our loan administration activities in order to improve our operations. Commercial Real Estate Loans We finance commercial real estate for our clients, for owner occupied and investment properties. Commercial real estate loans totaled $1.5 $1.1 December 31, 2018 2017. may may one four not 80% 75%. Commercial real estate lending entails significant risks. Risks inherent in managing our commercial real estate portfolio relate to sudden or gradual drops in property values as well as changes in the economic climate that may At December 31, 2018 2017, $185.3 $171.6 Residential Real Estate Loans We offer a variety of consumer oriented residential real estate loans including home equity lines of credit, home improvement loans and first second $523.6 $310.7 December 31, 2018 2017. not 85%. may not 43%, 640 not This segment of our portfolio also consists of funds advanced for construction of custom single family residences homes (where the home buyer is the borrower) and financing to builders for the construction of pre-sold homes and multi-family housing. These loans generally have short durations, meaning maturities typically of twelve twelve Construction lending also entails significant risk. These risks generally involve larger loan balances concentrated with single borrowers with funds advanced upon the security of the land or the project under construction. An appraisal of the property estimates the value of the project “as is” and “as if completed.” An appraisal of the property estimates the value of the project prior to completion of construction. Thus, initial funds are advanced based on the current value of the property with the remaining construction funds advanced under a budget sufficient to successfully complete the project within the “as completed” loan to value. To further mitigate the risks, we generally limit loan amounts to 80% first We generally only offer real estate construction financing only to experienced builders, commercial entities or individuals who have demonstrated the ability to obtain a permanent loan “take-out” (conversion to a permanent mortgage upon completion of the project). We also perform a complete analysis of the borrower and the project under construction. This analysis includes a review of the cost to construct, the borrower’s ability to obtain a permanent “take-out” the cash flow available to support the debt payments and construction costs in excess of loan proceeds, and the value of the collateral. During construction, we advance funds on these loans on a percentage of completion basis. We inspect each project as needed prior to advancing funds during the term of the construction loan. We may We also offer fixed rate home improvement loans. Our home equity and home improvement loan portfolio gives us a diverse client base. Although most of these loans are in our market area, the diversity of the individual loans in the portfolio reduces our potential risk. Usually, we secure our home equity loans and lines of credit with a security interest in the borrower’s primary or secondary residence. Under our loan approval policy, all residential real estate loans approved must comply with federal regulations. Generally, we will make residential mortgage loans in amounts up to the limits established by Fannie Mae and Freddie Mac for secondary market resale purposes. Currently this amount for single-family residential loans currently varies from $484,350 $726,525 $726,525. 620 Commercial and Industrial Lending Our commercial and industrial lending consists of lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, SBA loans, standby letters of credit and unsecured loans. We originate commercial loans for any business purpose including the financing of leasehold improvements and equipment, the carrying of accounts receivable, general working capital, and acquisition activities. We have a diverse client base and we do not Commercial business loans have a higher degree of risk than residential mortgage loans because the availability of funds for repayment generally depends on the success of the business. They may $250,000, Consumer Loans We offer various types of secured and unsecured consumer loans. We make consumer loans for personal, family or household purposes as a convenience to our customer base. This category includes our luxury boat loans, which we made prior to 2008 not not 40% Our consumer loan portfolio, includes indirect loans, which consists primarily of auto and RV loans. These loans are financed through dealers and the dealers receive a percentage of the finance charge, which varies dependent upon contract terms. We use the same underwriting standards in originating these indirect loans as we do for consumer loans generally. Consumer loans may may not may not may Concentrations of Credit Most of our lending activity occurs within the state of Maryland within the suburban Washington, D.C. and Baltimore market areas in Baltimore City and Anne Arundel, Baltimore, Calvert, Carroll, Charles, Frederick, Harford, Howard, Montgomery, Prince George’s and St. Mary’s Counties. The majority of our loan portfolio consists of commercial real estate loans and residential real estate loans. Non-Accrual and Past Due Loans We consider loans past due if the borrower has not 90 no not not not The table below presents an aging analysis of the loan held for investment portfolio at December 31, 2018 2017. Age Analysis of Past Due Loans December 31, 2018 December 31, 2017 Legacy Acquired Total Legacy Acquired Total Current $ 1,659,191,112 $ 729,738,007 $ 2,388,929,119 $ 1,352,406,852 $ 338,913,557 $ 1,691,320,409 Accruing past due loans: 30 - 89 days past due Commercial Real Estate: Owner Occupied 3,990,558 — 3,990,558 — — — Investment 1,729,404 3,849,944 5,579,348 1,089,022 843,706 1,932,728 Land and A&D — — — 254,925 158,899 413,824 Residential Real Estate: First Lien-Investment 179,701 896,227 1,075,928 270,822 506,600 777,422 First Lien-Owner Occupied 94,178 3,062,084 3,156,262 229 2,457,299 2,457,528 Land and A&D 883,460 413,191 1,296,651 — — — HELOC and Jr. Liens 119,924 790,989 910,913 — 130,556 130,556 Commercial and Industrial 670,318 1,444,347 2,114,665 51,088 261,081 312,169 Consumer 320,071 1,338,813 1,658,884 26,134 1,017,195 1,043,329 Total 30 - 89 days past due 7,987,614 11,795,595 19,783,209 1,692,220 5,375,336 7,067,556 90 or more days past due Commercial Real Estate: Investment — 139,247 139,247 — — — Residential Real Estate: First Lien-Owner Occupied — 103,365 103,365 — 37,560 37,560 Land and A&D — — — — — — Consumer — 54 54 — 78,407 78,407 Total 90 or more days past due — 242,666 242,666 — 115,967 115,967 Total accruing past due loans 7,987,614 12,038,261 20,025,875 1,692,220 5,491,303 7,183,523 Recorded Investment Non-accruing loans: Commercial Real Estate: Owner Occupied — 182,261 182,261 — 228,555 228,555 Investment — 51,070 51,070 — — — Land and A&D — 45,000 45,000 — 190,193 190,193 Residential Real Estate: First Lien-Investment 192,501 292,758 485,259 192,501 — 192,501 First Lien-Owner Occupied 262,194 2,027,974 2,290,168 281,130 872,272 1,153,402 Land and A&D 277,704 201,737 479,441 — — — HELOC and Jr. Liens — 690,732 690,732 Commercial and Industrial 191,388 45,269 236,657 — — — Consumer 15,658 180,846 196,504 Non-accruing past due loans: 939,445 3,717,647 4,657,092 473,631 1,291,020 1,764,651 Total Loans $ 1,668,118,171 $ 745,493,915 $ 2,413,612,086 $ 1,354,572,703 $ 345,695,880 $ 1,700,268,583 We evaluate all impaired loans, which includes non-performing loans and troubled debt restructurings (“TDRs”). We do not We individually evaluate all legacy substandard loans risk rated seven, certain legacy special mention loans risk rated six seven six 310 30 The table below presents our impaired loans at December 31, 2018. Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ 1,737,394 $ 1,737,394 $ — $ 1,766,117 $ 74,203 Investment 1,688,661 1,688,661 — 1,716,183 88,410 Residential Real Estate: First Lien-Owner Occupied 262,194 262,194 — 285,514 11,412 Land and A&D 277,704 277,704 277,704 — Commercial and Industrial 486,048 486,048 — 509,971 18,595 Consumer 1,495 1,495 10,707 1,130 With an allowance recorded: Residential Real Estate: First Lien-Investment 192,501 192,501 39,420 192,501 — Commercial and Industrial 148,349 148,349 13,149 152,898 3,926 Consumer 14,163 14,163 1,416 27,217 1,129 Total legacy impaired 4,808,509 4,808,509 53,985 4,938,812 198,805 Acquired(1) With no related allowance recorded: Commercial Real Estate: Owner Occupied 283,083 232,635 — 542,654 3,281 Residential Real Estate: First Lien-Owner Occupied 2,127,854 2,011,286 — 2,159,327 38,636 Land and A&D 58,659 58,659 — 62,178 2,896 HELOC and Jr. Lien 167,865 167,865 — 168,115 4,945 Commercial 67,791 67,791 — 69,830 3,559 Consumer 22,139 22,139 — 26,027 364 With an allowance recorded: Commercial Real Estate: Owner Occupied Investment 72,408 72,408 14,340 163,876 2,750 Land and A&D 328,851 45,000 45,000 329,490 — Residential Real Estate: First Lien-Owner Occupied 459,033 459,033 98,008 482,422 7,695 First Lien-Investment 298,187 298,187 62,701 310,862 7,871 Land and A&D 154,297 154,297 99,517 159,819 — HELOC and Jr. Lien 533,565 533,565 78,814 534,204 12,254 Commercial and Industrial 48,750 48,750 48,750 48,750 237 Consumer 188,102 188,102 19,053 231,978 11,619 Total acquired impaired 4,810,584 4,359,717 466,183 5,289,532 96,107 Total impaired $ 9,619,093 $ 9,168,226 $ 520,168 $ 10,228,344 $ 294,912 ______________________ ( 1 Generally accepted accounting principles require that we record acquired loans at fair value at acquisition, which includes a discount for loans with credit impairment. These purchased credit impaired loans are not not The table below presents our impaired loans at December 31, 2017. Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ 1,797,030 $ 1,797,030 $ — $ 1,913,873 $ 70,623 Investment 1,155,595 1,155,595 — 1,183,738 51,806 Residential Real Estate: First Lien-Owner Occupied 226,554 226,554 — 233,618 10,536 Commercial and Industrial 387,208 387,208 — 379,983 30,245 With an allowance recorded: Commercial Real Estate: Investment 592,432 592,432 69,903 601,959 30,576 Residential Real Estate: First Lien-Owner Occupied 54,576 54,576 37,075 217,673 — First Lien-Investment 192,501 192,501 39,420 192,501 — Commercial and Industrial 96,212 96,212 96,212 97,923 4,960 Total legacy impaired 4,502,108 4,502,108 242,610 4,821,268 198,746 Acquired(1) With no related allowance recorded: Commercial Real Estate: Owner Occupied 253,865 253,865 — 252,988 2,155 Land and A&D 334,271 45,000 — 334,271 — Residential Real Estate: First Lien-Owner Occupied 1,382,055 1,269,796 — 1,390,037 31,601 First Lien-Investment 131,294 74,066 — 132,812 4,378 With an allowance recorded: Commercial Real Estate: Land and A&D 148,196 148,196 80,072 155,621 2,498 Residential Real Estate: First Lien-Owner Occupied 250,194 250,194 77,464 273,596 23,424 Commercial and Industrial 72,125 72,125 24,517 74,279 3,775 Total acquired impaired 2,572,000 2,113,242 182,053 2,613,604 67,831 Total impaired $ 7,074,108 $ 6,615,350 $ 424,663 $ 7,434,872 $ 266,577 ______________________ ( 1 Generally accepted accounting principles require that we record acquired loans at fair value at acquisition, which includes a discount for loans with credit impairment. These purchased credit impaired loans are not not We consider a loan a TDR when we conclude that both of the following conditions exist: the restructuring constitutes a concession and the debtor is experiencing financial difficulties. Restructured loans at December 31, 2018 seven $2.4 seven December 31, 2017 $2.7 The following table includes the recorded investment and number of modifications for TDRs for the years ended December 31, 2018 2017. 2018 one 75 117 Loans Modified as a TDR for the twelve months ended December 31, 2018 December 31, 2017 Pre- Post Pre- Post Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Troubled Debt Restructurings— # of Recorded Recorded # of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Contracts Investment Investment Legacy Commercial Real Estate — — — 1 $ 1,596,740 $ 1,560,726 Commercial — — — 1 414,324 387,208 Consumer 1 $ 28,009 $ 25,921 — — — Total legacy TDR's 1 $ 28,009 $ 25,921 2 $ 2,011,064 $ 1,947,934 There were no 12 December 31, 2018 2017. Acquired Impaired Loans The following table documents changes in the accretable discount/(premium) on all purchased credit impaired loans during the years ended December 31, 2018 2017, December 31, 2018 2017 Balance at beginning of period $ 115,066 $ (22,980 ) Additions due to DCB acquisition — 6,686 Additions due to BYBK acquisition 50,984 — Loans sold during 2018 21,774 — Accretion of fair value discounts (1,230,719 ) (149,636 ) Reclassification from non-accretable (1) 1,166,985 280,996 Balance at end of period $ 124,090 $ 115,066 Contractually Required Payments Carrying Receivable Amount At December 31, 2018 $ 11,146,165 9,396,862 At December 31, 2017 8,277,731 6,617,774 ______________________ ( 1 Represents amounts paid in full on loans, payments on loans with zero For our acquisition of Bay Bank on April 13, 2018, no two We had an independent third 1,991 $520.5 $8.3 We also individually evaluated 132 $13.5 April 13, 2018 We established a credit related non-accretable difference of $3.2 We re-classified $21.7 third 2018, no The following table outlines the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustment and the accretable yield for all of Bay Bank’s impaired loans as of the acquisition date, April 13, 2018. Purchased Credit Impaired (in millions) Contractually required principal at acquisition $ 14,766 Contractual cash flows not expected to be collected (non-accretable difference) (3,201 ) Expected cash flows at acquisition-Total 11,565 Credit Quality Indicators We review the adequacy of the allowance for loan losses at least quarterly. We base the evaluation of the adequacy of the allowance for loan losses upon loan categories. We categorize loans as residential real estate loans, commercial real estate loans, commercial loans and consumer loans. We further divide commercial real estate loans by owner occupied, investment, hospitality and land acquisition and development. We also divide residential real estate by owner occupied, investment, land acquisition and development and junior liens. All categories are divided by risk rating and loss factors and weighed by risk rating to determine estimated loss amounts. We evaluate delinquent loans and loans for which management has knowledge about possible credit problems of the borrower or knowledge of problems with collateral separately and assign loss amounts based upon the evaluation. We determine loss ratios for all loans based upon a review of the three With respect to commercial loans, management assigns a risk rating of one nine • Risk rating 1 may • Risk rating 2 may may • Risk rating 3 no no no one may may • Risk rating 4 no no may • Risk rating 5 may not may may may not • Risk rating 6 may, not may may may, not may • Risk rating 7 not not may may • Risk rating 8 may • Risk rating 9 not not no not may We charge off loans that management has identified as losses. We consider suggestions from our external loan review firm and bank examiners when determining which loans to charge off. We automatically charge off consumer loan accounts based on regulatory requirements. We partially charge off real estate loans that are collateral dependent based on the value of the collateral. If a loan that was previously rated a pass performing loan, from our acquisitions, deteriorates subsequent to the acquisition, the subject loan will be assessed for risk and, if necessary, evaluated for impairment. If the risk assessment rating is adversely changed and the loan is determined to not no no The following tables outline the allocation of the loan portfolio by risk rating at December 31, 2018 2017. Account Balance December 31, 2018 Legacy Acquired Total Risk Rating Pass(1 - 5) Commercial Real Estate: Owner Occupied $ 293,682,007 $ 137,978,800 $ 431,660,807 Investment 589,763,511 194,092,985 783,856,496 Hospitality 172,189,046 13,134,019 185,323,065 Land and A&D 71,908,761 21,514,420 93,423,181 Residential Real Estate: First Lien-Investment 103,270,617 45,431,446 148,702,063 First Lien-Owner Occupied 108,371,748 134,959,907 243,331,655 Land and A&D 40,268,376 16,524,667 56,793,043 HELOC and Jr. Liens 20,749,184 41,196,500 61,945,684 Commercial 237,713,832 89,049,308 326,763,140 Consumer 16,273,489 34,674,679 50,948,168 1,654,190,571 728,556,731 2,382,747,302 Special Mention(6) Commercial Real Estate: Owner Occupied 420,347 1,303,849 1,724,196 Investment 1,077,635 557,687 1,635,322 Hospitality — — — Land and A&D — 201,447 201,447 Residential Real Estate: First Lien-Investment 289,618 1,709,025 1,998,643 First Lien-Owner Occupied 62,136 1,522,737 1,584,873 Land and A&D 2,093,081 102,030 2,195,111 HELOC and Jr. Liens — — — Commercial 174,729 174,429 349,158 Consumer — 30,848 30,848 4,117,546 5,602,052 9,719,598 Substandard(7) Commercial Real Estate: Owner Occupied 5,163,921 1,610,057 6,773,978 Investment 1,688,661 1,232,330 2,920,991 Hospitality — — — Land and A&D — 45,000 45,000 Residential Real Estate: First Lien-Investment 523,815 1,342,869 1,866,684 First Lien-Owner Occupied 262,194 3,738,945 4,001,139 Land and A&D 277,704 201,737 479,441 HELOC and Jr. Liens — 742,623 742,623 Commercial 1,878,101 2,207,987 4,086,088 Consumer 15,658 213,584 229,242 9,810,054 11,335,132 21,145,186 Doubtful(8) — — — Loss(9) — — — Total $ 1,668,118,171 $ 745,493,915 $ 2,413,612,086 Account Balance December 31, 2017 Legacy Acquired Total Risk Rating Pass(1 - 5) Commercial Real Estate: Owner Occupied $ 262,377,665 $ 83,069,390 $ 345,447,055 Investment 483,404,883 51,064,247 534,469,130 Hospitality 164,193,228 7,395,186 171,588,414 Land and A&D 65,184,837 9,065,405 74,250,242 Residential Real Estate: First Lien-Investment 78,814,931 19,846,749 98,661,680 First Lien-Owner Occupied 66,888,943 57,895,058 124,784,001 Land and A&D 33,712,187 5,727,719 39,439,906 HELOC and Jr. Liens 21,520,339 16,019,418 37,539,757 Commercial 150,881,948 32,738,715 183,620,663 Consumer 10,758,589 49,017,427 59,776,016 1,337,737,550 331,839,314 1,669,576,864 Special Mention(6) Commercial Real Estate: Owner Occupied 435,751 2,816,057 3,251,808 Investment 384,011 1,037,254 1,421,265 Hospitality — — — Land and A&D 2,125,823 120,366 2,246,189 Residential Real Estate: First Lien-Investment 300,824 1,034,942 1,335,766 First Lien-Owner Occupied 67,626 1,848,385 1,916,011 Land and A&D 2,167,666 663,248 2,830,914 HELOC and Jr. Liens — — — Commercial 1,519,394 59,902 1,579,296 Consumer — 65,324 65,324 7,001,095 7,645,478 14,646,573 Substandard(7) Commercial Real Estate: Owner Occupied 5,314,671 1,773,408 7,088,079 Investment 1,748,027 825,238 2,573,265 Hospitality — — — Land and A&D — 45,000 45,000 Residential Real Estate: First Lien-Investment 646,927 338,827 985,754 First Lien-Owner Occupied 281,130 2,781,351 3,062,481 Land and A&D — 145,193 145,193 HELOC and Jr. Liens — — — Commercial 1,843,303 302,071 2,145,374 Consumer — — — 9,834,058 6,211,088 16,045,146 Doubtful(8) — — — Loss(9) — — — Total $ 1,354,572,703 $ 345,695,880 $ 1,700,268,583 The following tables detail activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2018 2017. one not Commercial Residential December 31, 2018 Commercial Real Estate Real Estate Consumer Total Beginning balance $ 1,262,030 $ 3,783,735 $ 844,355 $ 30,466 $ 5,920,586 Provision for loan losses 241,994 943,709 220,513 442,479 1,848,695 Recoveries 69,469 1,250 18,350 16,144 105,213 Total 1,573,493 4,728,694 1,083,218 489,089 7,874,494 Loans charged off (10,753 ) — (1,824 ) (390,894 ) (403,471 ) Ending Balance $ 1,562,740 $ 4,728,694 $ 1,081,394 $ 98,195 $ 7,471,023 Amount allocated to: Legacy Loans: Individually evaluated for impairment $ 13,149 $ — $ 39,420 $ 1,416 $ 53,985 Other loans not individually evaluated 1,455,841 4,714,354 702,934 77,726 6,950,855 Acquired Loans: Individually evaluated for impairment 93,750 14,340 339,040 19,053 466,183 Ending balance $ 1,562,740 $ 4,728,694 $ 1,081,394 $ 98,195 $ 7,471,023 Commercial Residential December 31, 2017 Commercial Real Estate Real Estate Consumer Total Beginning balance $ 1,372,235 $ 3,990,152 $ 823,520 $ 9,562 $ 6,195,469 Provision for loan losses 660,497 231,488 22,203 40,920 955,108 Recoveries 2,350 2,017 900 35,525 40,792 Total 2,035,082 4,223,657 846,623 86,007 7,191,369 Loans charged off (773,052 ) (439,922 ) (2,268 ) (55,541 ) (1,270,783 ) Ending Balance $ 1,262,030 $ 3,783,735 $ 844,355 $ 30,466 $ 5,920,586 Amount allocated to: Legacy Loans: Individually evaluated for impairment $ 96,212 $ 69,903 $ 76,496 $ — $ 242,611 Other loans not individually evaluated 1,141,301 3,633,760 690,396 30,466 5,495,923 Acquired Loans: Individually evaluated for impairment 24,517 80,072 77,463 — 182,052 Ending balance $ 1,262,030 $ 3,783,735 $ 844,355 $ 30,466 $ 5,920,586 Our recorded investment in loans as of December 31, 2018 2017 Commercial Residential December 31, 2018 Commercial Real Estate Real Estate Consumer Total Legacy loans: Individually evaluated for impairment with specific reserve $ 148,349 $ — $ 192,501 $ 14,163 $ 355,013 Individually evaluated for impairment without specific reserve 392,425 1,510,628 539,898 1,495 2,444,446 Other loans not individually evaluated 239,225,888 1,134,383,261 275,436,074 16,273,489 1,665,318,712 Acquired loans: Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) 48,750 117,408 1,445,083 188,102 1,799,343 Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) 67,791 232,635 2,237,810 22,139 2,560,375 Individually evaluated for impairment with specific reserve (ASC 310-30 at acquisition) 285,482 4,336,167 4,775,214 — 9,396,863 Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) 91,029,701 366,984,384 239,014,379 34,708,870 731,737,334 Ending balance $ 331,198,386 $ 1,507,564,483 $ 523,640,959 $ 51,208,258 $ 2,413,612,086 Commercial Residential December 31, 2017 Commercial Real Estate Real Estate Consumer Total Legacy loans: Individually evaluated for impairment with specific reserve $ 96,212 $ 592,432 $ 247,077 $ — $ 935,721 Individually evaluated for impairment without specific reserve 387,208 2,952,625 226,554 — 3,566,387 Other loans not individually evaluated 153,761,224 981,623,840 203,926,942 10,758,589 1,350,070,595 Acquired loans: Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) 72,125 148,196 250,194 — 470,515 Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) — 298,865 1,269,796 — 1,568,661 Individually evaluated for impairment with specific reserve (ASC 310-30 at acquisition) — 3,466,289 3,137,545 14,000 6,617,834 Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) 33,028,564 153,298,200 101,643,355 49,068,751 337,038,870 Ending balance $ 187,345,333 $ 1,142,380,447 $ 310,701,463 $ 59,841,340 $ 1,700,268,583 The following table outlines the maturity and rate re-pricing distribution of the loan portfolio. For purposes of this disclosure, we have classified non-accrual loans as immediately re-pricing or maturing. December 31, 2018 2017 Within one year $ 468,091,008 $ 407,174,181 Over one to five years$ 1,064,479,153 771,105,803 Over five years 881,041,925 521,988,599 Total $ 2,413,612,086 $ 1,700,268,583 As of December 31, 2018, $353.7 The Bank makes loans to customers located in the Maryland suburbs and the surrounding Baltimore area. Residential and commercial real estate secure substantial portions of the Bank’s loans. Although the loan portfolio is diversified, the regional real estate market and economy will influence its performance. |