Loans Receivable and Allowance for Loan Losses | Loans Receivable and Allowance for Loan Losses Loans receivable at December 31, 2016 and 2015 are summarized in the table below: December 31, 2016 December 31, Originated Acquired Total Originated Acquired Total Personal Banking: Residential mortgage loans $ 2,582,218 133,511 2,715,729 2,695,561 45,716 2,741,277 Home equity loans 1,026,315 302,457 1,328,772 1,055,907 131,199 1,187,106 Consumer loans 467,637 163,622 631,259 313,220 197,397 510,617 Total Personal Banking 4,076,170 599,590 4,675,760 4,064,688 374,312 4,439,000 Commercial Banking: Commercial real estate loans 2,140,678 372,991 2,513,669 2,094,710 429,564 2,524,274 Commercial loans 481,543 75,676 557,219 372,540 65,175 437,715 Total Commercial Banking 2,622,221 448,667 3,070,888 2,467,250 494,739 2,961,989 Total loans receivable, gross 6,698,391 1,048,257 7,746,648 6,531,938 869,051 7,400,989 Deferred loan costs 20,081 2,294 22,375 14,806 5,259 20,065 Allowance for loan losses (55,293 ) (5,646 ) (60,939 ) (60,970 ) (1,702 ) (62,672 ) Undisbursed loan proceeds: Residential mortgage loans (11,638 ) — (11,638 ) (10,778 ) — (10,778 ) Commercial real estate loans (168,595 ) (2,985 ) (171,580 ) (159,553 ) (13,287 ) (172,840 ) Commercial loans (26,168 ) (2,290 ) (28,458 ) (11,132 ) (4,183 ) (15,315 ) Total loans receivable, net $ 6,456,778 1,039,630 7,496,408 6,304,311 855,138 7,159,449 As of December 31, 2016 , 2015 and 2014 , we serviced loans for others approximating $918.9 million , $776.0 million and $734.9 million , respectively. These loans serviced for others are not our assets and are not included in our financial statements. As of December 31, 2016 and 2015 , approximately 62% and 65% , respectively, of our loan portfolio was secured by properties located in Pennsylvania. We do not believe we have significant concentrations of credit risk to any one group of borrowers given our underwriting and collateral requirements. Loans receivable as of December 31, 2016 and 2015 include $2.755 billion and $2.417 billion , respectively, of adjustable rate loans and $4.992 billion and $4.984 billion , respectively, of fixed rate loans. Acquired loans are initially measured at fair value and subsequently accounted for under either Accounting Standards Codification (“ASC”) Topic 310-30 " Accounting for Purchased Loans with Deteriorated Credit Quality" or ASC Topic 310-20 "Nonrefundable Fees and Other Costs . The following table provides information related to the outstanding principal balance and related carrying value of acquired loans for the dates indicated: December 31, December 31, 2016 2015 Acquired loans evaluated individually for future credit losses: Outstanding principal balance $ 16,108 21,069 Carrying value 12,665 16,867 Acquired loans evaluated collectively for future credit losses: Outstanding principal balance 1,040,378 848,194 Carrying value 1,032,611 839,973 Total acquired loans: Outstanding principal balance 1,056,486 869,263 Carrying value 1,045,276 856,840 The following table provides information related to the changes in the accretable discount, which includes income recognized from contractual cash flows for the dates indicated: Total Balance at December 31, 2014 $ — LNB Bancorp, Inc. acquisition 1,672 Accretion (377 ) Net reclassification from nonaccretable yield 724 Balance at December 31, 2015 2,019 Accretion (1,170 ) Net reclassification from nonaccretable yield 1,338 Balance at December 31, 2016 $ 2,187 The following table provides information related to purchased credit impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2016 : Carrying value Outstanding principal balance Related impairment reserve Average recorded investment in impaired loans Interest income/ accretion recognized Personal Banking: Residential mortgage loans $ 1,319 2,062 204 1,650 202 Home equity loans 1,363 2,669 8 1,724 185 Consumer loans 136 303 3 201 51 Total Personal Banking 2,818 5,034 215 3,575 438 Commercial Banking: Commercial real estate loans 9,596 10,809 52 10,942 721 Commercial loans 251 265 — 249 11 Total Commercial Banking 9,847 11,074 52 11,191 732 Total $ 12,665 16,108 267 14,766 1,170 The following table provides information related to purchased credit impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2015 : Carrying Outstanding Related Average Interest Personal Banking: Residential mortgage loans 1,981 2,910 14 2,083 41 Home equity loans 2,084 3,455 6 2,222 51 Consumer loans 267 492 2 305 18 Total Personal Banking 4,332 6,857 22 4,610 110 Commercial Banking: Commercial real estate loans 12,288 13,946 353 12,867 249 Commercial loans 247 266 — 335 18 Total Commercial Banking 12,535 14,212 353 13,202 267 Total 16,867 21,069 375 17,812 377 The following table provides information related to changes in the allowance for losses on loans receivable for the year ended December 31, 2016 : Balance Provision Charge-offs Recoveries Balance Originated loans: Personal Banking: Residential mortgage loans $ 4,656 2,906 (3,228 ) 286 4,692 Home equity loans 3,486 293 (1,090 ) 342 3,941 Consumer loans 7,974 9,052 (10,225 ) 1,659 7,488 Total Personal Banking 16,116 12,251 (14,543 ) 2,287 16,121 Commercial Banking: Commercial real estate loans 23,667 (9,819 ) (2,403 ) 3,541 32,348 Commercial loans 15,510 4,834 (4,165 ) 2,340 12,501 Total Commercial Banking 39,177 (4,985 ) (6,568 ) 5,881 44,849 Total originated loans 55,293 7,266 (21,111 ) 8,168 60,970 Acquired loans: Personal Banking: Residential mortgage loans 71 146 (252 ) 159 18 Home equity loans 1,047 2,065 (1,449 ) 330 101 Consumer loans 653 1,072 (680 ) 151 110 Total Personal Banking 1,771 3,283 (2,381 ) 640 229 Commercial Banking: Commercial real estate loans 3,008 2,116 (1,337 ) 790 1,439 Commercial loans 867 877 (52 ) 8 34 Total Commercial Banking 3,875 2,993 (1,389 ) 798 1,473 Total acquired loans 5,646 6,276 (3,770 ) 1,438 1,702 Total $ 60,939 13,542 (24,881 ) 9,606 62,672 The following table provides information related to changes in the allowance for losses on loans receivable for the year ended December 31, 2015 : Balance Provision Charge-offs Recoveries Balance Originated loans: Personal Banking: Residential mortgage loans $ 4,692 (96 ) (1,057 ) 264 5,581 Home equity loans 3,941 693 (1,716 ) 414 4,550 Consumer loans 7,488 7,985 (8,073 ) 1,458 6,118 Total Personal Banking 16,121 8,582 (10,846 ) 2,136 16,249 Commercial Banking: Commercial real estate loans 32,348 540 (5,741 ) 4,160 33,389 Commercial loans 12,501 2,768 (7,814 ) 4,032 13,515 Total Commercial Banking 44,849 3,308 (13,555 ) 8,192 46,904 Unallocated — (4,365 ) — — 4,365 Total originated loans 60,970 7,525 (24,401 ) 10,328 67,518 Acquired loans: Personal Banking: Residential mortgage loans 18 47 (69 ) 40 — Home equity loans 101 247 (708 ) 562 — Consumer loans 110 188 (201 ) 123 — Total Personal Banking 229 482 (978 ) 725 — Commercial Banking: Commercial real estate loans 1,439 1,545 (585 ) 479 — Commercial loans 34 160 (369 ) 243 — Total Commercial Banking 1,473 1,705 (954 ) 722 — Total acquired loans 1,702 2,187 (1,932 ) 1,447 — Total $ 62,672 9,712 (26,333 ) 11,775 67,518 The following table provides information related to changes in the allowance for losses on loans receivable for the year ended December 31, 2014 : Balance Provision Charge-offs Recoveries Balance Personal Banking: Residential mortgage loans $ 5,581 (556 ) (2,181 ) 443 7,875 Home equity loans 4,550 (1,106 ) (1,783 ) 194 7,245 Consumer loans 6,118 5,864 (6,423 ) 1,190 5,487 Total Personal Banking 16,249 4,202 (10,387 ) 1,827 20,607 Commercial Banking: Commercial real estate loans 33,389 4,417 (8,422 ) 2,195 35,199 Commercial loans 13,515 11,992 (11,936 ) 2,579 10,880 Total Commercial Banking 46,904 16,409 (20,358 ) 4,774 46,079 Unallocated 4,365 (297 ) — — 4,662 Total $ 67,518 20,314 (30,745 ) 6,601 71,348 While we use available information to provide for losses, future additions to the allowance may be necessary based on changes in economic conditions. In addition, various regulatory agencies, as an integral part of their examination process, periodically review our allowance for loan losses. Such agencies may require us to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Management believes, to the best of their knowledge, that all known losses as of the balance sheet dates have been recorded. The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable as of December 31, 2016 : Recorded investment in loans receivable Allowance for loan losses Recorded investment in loans on nonaccrual (1) Recorded investment in loans 90 days or more past maturity and still accruing TDRs (1) Allowance for TDRs Additional commitments to customers with loans classified as TDRs Personal Banking: Residential mortgage loans $ 2,714,764 4,727 18,264 — 7,299 708 — Home equity loans 1,328,772 4,533 7,865 — 1,813 450 4 Consumer loans 642,961 8,627 5,109 85 — — — Total Personal Banking 4,686,497 17,887 31,238 85 9,112 1,158 4 Commercial Banking: Commercial real estate loans 2,342,089 26,675 38,724 564 24,483 2,072 417 Commercial loans 528,761 16,377 9,574 — 9,331 1,360 17 Total Commercial Banking 2,870,850 43,052 48,298 564 33,814 3,432 434 Total $ 7,557,347 60,939 79,536 649 42,926 4,590 438 (1) Includes $16.3 million of nonaccrual TDRs. The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable as of December 31, 2015 : Recorded investment in loans receivable Allowance for loan losses Recorded investment in loans on nonaccrual (1) Recorded TDRs (1) Allowance for TDRs Additional commitments to customers with loans classified as TDRs Personal Banking: Residential mortgage loans $ 2,740,892 4,710 19,772 4 6,360 1,189 — Home equity loans 1,187,106 4,042 7,522 — 2,298 605 — Consumer loans 520,289 7,598 3,452 976 — — — Total Personal Banking 4,448,287 16,350 30,746 980 8,658 1,794 — Commercial Banking: Commercial real estate loans 2,351,434 33,787 33,421 206 31,970 2,257 241 Commercial loans 422,400 12,535 7,495 148 10,487 631 79 Total Commercial Banking 2,773,834 46,322 40,916 354 42,457 2,888 320 Total $ 7,222,121 62,672 71,662 1,334 51,115 4,682 320 (1) Includes $21.1 million of nonaccrual TDRs. A loan is considered to be impaired, when, based on current information and events it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement including both contractual principal and interest payments. This includes non-accrual loans, loans more than 90 days delinquent and still accruing interest, loans for which we perform an impairment review and TDRs. Impairment is measured using one of three methods: (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the loan’s observable market price; or (3) the fair value of collateral if the loan is collateral dependent, less costs of sale or disposition. If the measure of the impaired loan is less than the recorded investment in the loan, a specific allowance is allocated for the impairment. The following table provides information related to the composition of impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2016 : Nonaccrual loans 90 or more days delinquent Nonaccrual loans less than 90 days delinquent Loans less than 90 days delinquent reviewed for impairment TDRs less than 90 days delinquent not included elsewhere Total impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Personal Banking: Residential mortgage loans $ 13,169 5,095 — 5,929 24,193 24,483 1,079 Home equity loans 5,552 2,313 — 1,439 9,304 9,234 496 Consumer loans 3,823 1,286 — — 5,109 3,703 166 Total Personal Banking 22,544 8,694 — 7,368 38,606 37,420 1,741 Commercial Banking: Commercial real estate loans 19,264 19,460 3,622 11,582 53,928 64,350 2,864 Commercial loans 3,373 6,201 2,837 3,116 15,527 16,905 991 Total Commercial Banking 22,637 25,661 6,459 14,698 69,455 81,255 3,855 Total $ 45,181 34,355 6,459 22,066 108,061 118,675 5,596 The following table provides information related to the composition of impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2015 : Nonaccrual loans 90 or more days delinquent Nonaccrual loans less than 90 days delinquent Loans less than 90 days delinquent reviewed for impairment TDRs less than 90 days delinquent not included elsewhere Total impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Personal Banking: Residential mortgage loans $ 15,810 3,962 — 5,086 24,858 24,554 944 Home equity loans 5,650 1,872 — 1,847 9,369 9,644 497 Consumer loans 2,900 552 — — 3,452 2,977 101 Total Personal Banking 24,360 6,386 — 6,933 37,679 37,175 1,542 Commercial Banking: Commercial real estate loans 16,449 16,972 16,121 16,467 66,009 77,166 3,226 Commercial loans 2,459 5,036 2,014 4,654 14,163 16,187 694 Total Commercial Banking 18,908 22,008 18,135 21,121 80,172 93,353 3,920 Total $ 43,268 28,394 18,135 28,054 117,851 130,528 5,462 The following table provides information related to the composition of impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2014 : Nonaccrual loans 90 or more days delinquent Nonaccrual loans less than 90 days delinquent Loans less than 90 days delinquent reviewed for impairment TDRs less than 90 days delinquent not included elsewhere Total impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Personal Banking: Residential mortgage loans $ 17,696 3,498 — 5,845 27,039 28,227 817 Home equity loans 6,606 2,963 — 1,706 11,275 11,753 485 Consumer loans 2,450 370 — — 2,820 2,383 66 Total Personal Banking 26,752 6,831 — 7,551 41,134 42,363 1,368 Commercial Banking: Commercial real estate loans 11,099 27,548 26,400 12,128 74,337 90,187 3,589 Commercial loans 3,475 4,103 5,266 6,026 21,708 27,088 914 Total Commercial Banking 14,574 31,651 31,666 18,154 96,045 117,275 4,503 Total $ 41,326 38,482 31,666 25,705 137,179 159,638 5,871 The following table provides information related to the evaluation of impaired loans by portfolio segment and by class of financing receivable as of and for the year ended December 31, 2016 : Loans collectively evaluated for impairment Loans individually evaluated for impairment Loans individually evaluated for impairment for which there is a related impairment reserve Related impairment reserve Loans individually evaluated for impairment for which there is no related reserve Personal Banking: Residential mortgage loans $ 2,706,484 8,280 8,280 709 — Home equity loans 1,326,958 1,814 1,814 450 — Consumer loans 642,835 126 126 29 — Total Personal Banking 4,676,277 10,220 10,220 1,188 — Commercial Banking: Commercial real estate loans 2,309,186 32,903 27,594 3,545 5,309 Commercial loans 518,449 10,312 10,242 1,390 70 Total Commercial Banking 2,827,635 43,215 37,836 4,935 5,379 Total $ 7,503,912 53,435 48,056 6,123 5,379 The following table provides information related to the evaluation of impaired loans by portfolio segment and by class of financing receivable as of and for the year ended December 31, 2015 : Loans collectively evaluated for impairment Loans individually evaluated for impairment Loans individually evaluated for impairment for which there is a related impairment reserve Related impairment reserve Loans individually evaluated for impairment for which there is no related reserve Personal Banking: Residential mortgage loans $ 2,733,741 7,151 7,151 1,189 — Home equity loans 1,184,808 2,298 2,298 605 — Consumer loans 520,159 130 130 50 — Total Personal Banking 4,438,708 9,579 9,579 1,844 — Commercial Banking: Commercial real estate loans 2,297,599 53,835 35,937 2,675 17,898 Commercial loans 411,342 11,058 7,673 489 3,385 Total Commercial Banking 2,708,941 64,893 43,610 3,164 21,283 Total $ 7,147,649 74,472 53,189 5,008 21,283 Our loan portfolios include certain loans that have been modified in a TDR, where economic concessions have been granted to borrowers who have experienced financial difficulties. These concessions typically result from our loss mitigation activities and could include: extending the note’s maturity date, permitting interest only payments, reducing the interest rate to a rate lower than current market rates for new debt with similar risk, reducing the principal payment, principal forbearance or other actions. These concessions are applicable to all loan segments and classes. Certain TDRs are classified as nonperforming at the time of restructuring and typically are returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period of at least six consecutive months. When we modify loans in a TDR, we evaluate any possible impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, the loan’s observable market price or the current fair value of the collateral, less selling costs, for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. In periods subsequent to modification, we evaluate all TDRs, including those that have payment defaults, for possible impairment, using ASC 310-10. As a result, loans modified in a TDR may have the financial effect of increasing the specific allowance associated with the loan. Loans modified in a TDR are closely monitored for delinquency as an early indicator of possible future default. If loans modified in a TDR subsequently default, we evaluate the loan for possible further impairment. The allowance may be increased, adjustments may be made in the allocation of the allowance, partial charge-offs may be taken to further write-down the carrying value of the loan, or the loan may be charged-off completely. The following table provides a roll forward of troubled debt restructurings for the periods indicated: For the years ended December 31, 2016 2015 Number of contracts Amount Number of contracts Amount Beginning TDR balance: 227 $ 51,115 248 $ 61,788 New TDRs 34 6,365 26 8,537 Re-modified TDRs 7 3,414 3 6,386 Net paydowns (9,037 ) (13,270 ) Charge-offs: Residential mortgage loans — — — — Home equity loans — — 4 (159 ) Commercial real estate loans 1 (120 ) 4 (179 ) Commercial loans 2 (142 ) 2 (387 ) Paid-off loans: Residential mortgage loans 4 (151 ) 2 (109 ) Home equity loans (534 ) 5 (194 ) Commercial real estate loans 19 (6,170 ) 15 (9,208 ) Commercial loans 10 (1,814 ) 14 (1,728 ) Transferred to real estate owned Commercial real estate loans — — 1 (362 ) Ending TDR balance: 225 $ 42,926 227 $ 51,115 Accruing TDRs $ 26,580 $ 29,997 Non-accrual TDRs 16,346 21,118 The following table provides information related to troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable during the year ended December 31, 2016 : Number of contracts Recorded investment at the time of modification Current recorded investment Current allowance Troubled debt restructurings: Personal Banking: Residential mortgage loans 7 $ 1,199 1,177 114 Home equity loans 7 475 471 110 Consumer loans — — — — Total Personal Banking 14 1,674 1,648 224 Commercial Banking: Commercial real estate loans 7 3,729 3,643 485 Commercial loans 20 4,376 2,218 508 Total Commercial Banking 27 8,105 5,861 993 Total 41 $ 9,779 7,509 1,217 Number of contracts Recorded investment at the time of modification Current recorded investment Current allowance Troubled debt restructurings modified within the previous twelve months that have subsequently defaulted: Personal Banking: Residential mortgage loans — $ — — — Home equity loans — — — — Consumer loans — — — — Total Personal Banking — — — — Commercial Banking: Commercial real estate loans 1 429 425 31 Commercial loans 3 533 533 533 Total Commercial Banking 4 962 958 564 Total 4 $ 962 958 564 The following table provides information related to troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable during the year ended December 31, 2015 : Number of contracts Recorded investment at the time of modification Current recorded investment Current allowance Troubled debt restructurings: Personal Banking: Residential mortgage loans 6 $ 364 357 21 Home equity loans 3 101 97 21 Consumer loans — — — — Total Personal Banking 9 465 454 42 Commercial Banking: Commercial real estate loans 11 12,258 12,243 1,047 Commercial loans 9 2,200 2,184 156 Total Commercial Banking 20 14,458 14,427 1,203 Total 29 $ 14,923 14,881 1,245 At December 31, 2015, no TDRs that were modified in the previous twelve months had subsequently defaulted. The following table provides information related to troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable during the year ended December 31, 2014 : Number of contracts Recorded investment at the time of modification Current recorded investment Current allowance Troubled debt restructurings: Personal Banking: Residential mortgage loans 17 $ 2,802 2,690 210 Home equity loans 6 570 507 1 Consumer loans — — — — Total Personal Banking 23 3,372 3,197 211 Commercial Banking: Commercial real estate loans 11 2,010 1,793 202 Commercial loans 23 7,750 6,818 1,491 Total Commercial Banking 34 9,760 8,611 1,693 Total 57 $ 13,132 11,808 1,904 Number of contracts Recorded investment at the time of modification Current recorded investment Current allowance Troubled debt restructurings modified within the previous twelve months that have subsequently defaulted: Personal Banking: Residential mortgage loans 1 $ 78 77 — Home equity loans 1 360 331 1 Consumer loans — — — — Total Personal Banking 2 438 408 1 Commercial Banking: Commercial real estate loans 1 12 5 1 Commercial loans 1 50 64 6 Total Commercial Banking 2 62 69 7 Total 4 $ 500 477 8 The following table provides information for troubled debt restructurings (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable during the year ended December 31, 2016 : Number of Type of modification contracts Rate Payment Maturity date Other Total Personal Banking: Residential mortgage loans 7 $ 358 — 771 48 1,177 Home equity loans 7 120 — 3 348 471 Consumer loans — — — — — — Total Personal Banking 14 478 — 774 396 1,648 Commercial Banking: Commercial real estate loans 7 — 425 1,980 1,238 3,643 Commercial loans 20 — 328 1,178 712 2,218 Total Commercial Banking 27 — 753 3,158 1,950 5,861 Total 41 $ 478 753 3,932 2,346 7,509 The following table provides information for troubled debt restructurings (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable during the year ended December 31, 2015 : Number of Type of modification contracts Rate Payment Maturity date Other Total Personal Banking: Residential mortgage loans 6 $ 71 — 110 176 357 Home equity loans 3 96 — 1 — 97 Consumer loans — — — — — — Total Personal Banking 9 167 — 111 176 454 Commercial Banking: Commercial real estate loans 11 174 — 11,961 108 12,243 Commercial loans 9 — — 1,264 920 2,184 Total Commercial Banking 20 174 — 13,225 1,028 14,427 Total 29 $ 341 — 13,336 1,204 14,881 The following table provides information related to re-modified troubled debt restructurings by portfolio segment and by class of financing receivable for the year ended December 31, 2016 : Number of re- modified Type of re-modification TDRs Rate Payment Maturity date Other Total Personal Banking: Residential mortgage loans — $ — — — — — Home equity loans 1 — — — 192 192 Consumer loans — — — — — — Total Personal Banking 1 — — — 192 192 Commercial Banking: Commercial real estate loans 2 — — 1,329 173 1,502 Commercial loans 4 — 502 — — 502 Total Commercial Banking 6 — 502 1,329 173 2,004 Total 7 $ — 502 1,329 365 2,196 The following table provides information related to re-modified troubled debt restructurings by portfolio segment and by class of financing receivable for the year ended December 31, 2015 : Number of re- modified Type of re-modification TDRs Rate Payment Maturity date Other Total Personal Banking: Residential mortgage loans 1 $ — — — 45 45 Home equity loans 1 83 — — — 83 Consumer loans — — — — — — Total Personal Banking 2 83 — — 45 128 Commercial Banking: Commercial real estate loans 1 — — 6,256 — 6,256 Commercial loans — — — — — — Total Commercial Banking 1 — — 6,256 — 6,256 Total 3 $ 83 — 6,256 45 6,384 The following table provides information related to loan delinquencies as of December 31, 2016 : 30-59 days delinquent 60-89 days delinquent 90 days or greater delinquent Total delinquency Current Total loans 90 days or greater delinquent and accruing (1) Originated loans Personal Banking: Residential mortgage loans $ 26,212 5,806 12,792 44,810 2,536,443 2,581,253 — Home equity loans 5,785 1,305 4,783 11,873 1,014,442 1,026,315 — Consumer loans 8,598 3,204 3,518 15,320 461,725 477,045 — Total Personal Banking 40,595 10,315 21,093 72,003 4,012,610 4,084,613 — Commercial Banking: Commercial real estate loans 7,674 3,674 16,508 27,856 1,944,227 1,972,083 — Commercial loans 1,067 1,957 3,107 6,131 449,244 455,375 — Total Commercial Banking 8,741 5,631 19,615 33,987 2,393,471 2,427,458 — Total originated loans 49,336 15,946 40,708 105,990 6,406,081 6,512,071 — Acquired loans Personal Banking: Residential mortgage loans 1,174 421 829 2,424 131,087 133,511 452 Home equity loans 1,020 258 973 2,251 300,206 302,457 204 Consumer loans 1,270 405 320 1,995 163,921 165,916 15 Total Personal Banking 3,464 1,084 2,122 6,670 595,214 601,884 671 Commercial Banking: Commercial real estate loans 2,703 821 4,762 8,286 361,720 370,006 2,006 Commercial loans 111 124 413 648 72,738 73,386 147 Total Commercial Banking 2,814 945 5,175 8,934 434,458 443,392 2,153 Total acquired loans 6,278 2,029 7,297 15,604 1,029,672 1,045,276 2,824 Total loans $ 55,614 17,975 48,005 121,594 7,435,753 7,557,347 2,824 (1) Represents acquired loans that were originally recorded at fair value upon acquisition. These loans are considered to be accruing because we can reasonably estimate future cash flows on and expect to fully collect the carrying value of these loans. Therefore, we are accreting the difference between the carrying value and their expected cash flows into interest income. The following table provides information related to loan delinquencies as of December 31, 2015 : 30-59 days delinquent 60-89 days delinquent 90 days or greater delinquent Total delinquency Current Total loans 90 days or greater delinquent and accruing (1) Personal Banking: Residential mortgage loans $ 25,503 7,541 15,564 48,608 2,646,568 2,695,176 — Home equity loans 4,870 1,836 5,251 11,957 1,043,950 1,055,907 — Consumer loans 6,092 2,340 2,857 11,289 306,344 317,633 — Total Personal Banking 36,465 11,717 23,672 71,854 3,996,862 4,068,716 — Commercial Banking: Commercial real estate loans 22,212 6,875 14,942 44,029 1,891,128 1,935,157 — Commercial loans 1,703 598 2,449 4,750 356,658 361,408 — Total Commercial Banking 23,915 7,473 17,391 48,779 2,247,786 2,296,565 — Total originated loans 60,380 19,190 41,063 120,633 6,244,648 6,365,281 — Acquired loans Personal Banking: Residential mortgage loans 440 249 786 1,475 44,241 45,716 540 Home equity loans 936 642 861 2,439 128,760 131,199 462 Consumer loans 1,009 181 69 1,259 201,397 202,656 26 Total Personal Banking 2,385 1,072 1,716 5,173 374,398 379,571 1,028 Commercial Banking: Commercial real estate loans 2,665 1,353 4,089 8,107 408,170 416,277 2,582 Commercial loans 1,165 — 150 1,315 59,677 60,992 140 Total Commercial Banking 3,830 1,353 4,239 9,422 467,847 477,269 2,722 Total acquired loans 6,215 2,425 5,955 14,595 842,245 856,840 3,750 Total loans $ 66,595 21,615 47,018 135,228 7,086,893 7,222,121 3,750 (1) Represents acquired loans that were originally recorded at fair value upon acquisition. These loans are considered to be accruing because we can reasonably estimate future cash flows on and expect to fully collect the carrying value of these loans. Therefore, we are accreting the difference between the carrying value and their expected cash flows into interest income. Credit quality indicators: We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. We analyze business loans individually by classifying the loans by credit risk. Relationships greater than or equal to $1.0 million classified as special mention or substandard are reviewed quarterly for further deterioration or improvement to determine if the loan is appropriately classified. We use the following definitions for risk ratings other than pass: Special mention — Loans designated as special mention have specific, well-defined risk issues, which create a high level of uncertainty regarding the long-term viability of the business. Loans in this class are considered to have high-risk characteristics. A special mention loan exhibits material negative financial trends due to company-specific or systemic conditions. If these potential weaknesses are not mitigated, they threaten the borrower’s capacity to meet its debt obligations. Special mention loans still demonstrate sufficient financial flexibility to react to and positively address the root cause of the adverse financial trends without significant deviations from their current business strategy. Their potential weaknesses deserve our close attention and warrant enhanced monitoring. Substandard — Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Doubtful — Loans classified as doubtful have all the weaknesses inherent in those classified as substandard. In addition, those weaknesses make collection or liquidation in full highly questionable and improbable. A loan classified as doubtful exhibits discernible loss potential, but a complete loss seems very unlikely. The possibility of a loss on a doubtful loan is high, but because of certain important and reasonably specific pending factors that may strengthen the loan, its classification as an estimated loss is deferred until a more exact status can be determined. Loss — Loans classified as loss are considered uncollectible and of such value that the continuance as a loan is not warranted. A loss classification does not mean that the loan has no recovery or salvage value; instead, it means that it is not practical or desirable to defer writing off all or a portion of a basically worthless loan even though partial recovery may be affected in the future. The following table sets forth information about credit quality indicators as of December 31, 2016 : Pass Special mention Substandard Doubtful Loss Total Originated loans Personal Banking: Residential mortgage loans $ 2,564,988 — 16,265 — — 2,581,253 Home equity loans 1,018,898 — 7,417 — — 1,026,315 Consumer loans 473,950 — 3,095 — — 477,045 Total Personal Banking 4,057,836 — 26,777 — — 4,084,613 Commercial Banking: Commercial real estate loans 1,821,548 36,321 114,214 — — 1,972,083 Commercial loans 401,866 15,203 38,306 — — 455,375 Total Commercial Banking 2,223,414 51,524 152,520 — — 2,427,458 Total originated loans 6,281,250 51,524 179,297 — — 6,512,071 Acquired loans Personal Banking: Residential mortgage loans 131,717 — 1,794 — — 133,511 Home equity loans 300,100 — 2,357 — — 302,457 Consumer loans 165,094 — 822 — — 165,916 Total Personal Banking 596,911 — 4,973 — — 601,884 Commercial Banking: Commercial real estate loans 331,780 7,403 30,823 — — 370,006 Commercial loans 68,127 1,989 3,270 — |