Loans and the Allowance for Credit Losses | NOTE 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs, and discounts on purchased loans. Net deferred loan income was $13.3 million and $6.2 million at March 31, 2021 and December 31, 2020, respectively. At March 31, 2021 and December 31, 2020, respectively, the balance included $21.4 and $13.8 million of net deferred income from PPP loans. The un-accreted discount on purchased loans from acquisitions was $35.9 million at March 31, 2021 and $39.4 million at December 31, 2020. March 31, December 31, (unaudited, in thousands) 2021 2020 Commercial real estate: Land and construction $ 642,017 $ 668,277 Improved property 5,070,725 5,037,115 Total commercial real estate 5,712,742 5,705,392 Commercial and industrial 1,598,921 1,681,182 Commercial and industrial - PPP 823,814 726,256 Residential real estate 1,644,422 1,720,961 Home equity 634,018 646,387 Consumer 289,395 309,055 Total portfolio loans 10,703,312 10,789,233 Loans held for sale 153,520 168,378 Total loans $ 10,856,832 $ 10,957,611 The allowance for credit losses under the current expected credit losses methodology (“CECL”) is calculated utilizing the PD / LGD, which is then discounted to net present value. PD is the probability the asset will default within a given time frame and LGD is the percentage of the asset not expected to be collected due to default. The primary macroeconomic drivers of the quantitative model include forecasts of national unemployment and interest rates, as well as modeling adjustments for changes in prepayment speeds, loan risk grades, portfolio mix, concentrations and loan growth. For the calculation as of March 31, 2021, the one-year forecast was based upon a blended rate from two nationally-recognized published economic forecasts through March 31, 2021, and is primarily driven by the national unemployment and interest rate spread forecasts. Wesbanco’s blended forecast of national unemployment, at quarter end, was projected to peak at 5.8% in the second quarter, and subsequently decrease to an average of 4.8% over the remainder of the forecast period. The calculation utilized a one-year The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio: Allowance for Credit Losses By Category For the Three Months Ended March 31, 2021 and 2020 (unaudited, in thousands) Commercial Real Estate - Land and Construction Commercial Real Estate- Improved Property Commercial & Industrial Residential Real Estate Home Equity Consumer Deposit Overdrafts Total Balance at December 31, 2020 Allowance for credit losses - loans $ 10,841 $ 110,652 $ 37,850 $ 17,851 $ 1,487 $ 6,507 $ 639 $ 185,827 Allowance for credit losses - loan commitments 6,508 712 1,275 955 45 19 — 9,514 Total beginning allowance for credit losses - loans and loan commitments 17,349 111,364 39,125 18,806 1,532 6,526 639 195,341 Provision for credit losses: Provision for loan losses (3,538 ) (11,420 ) (4,256 ) (4,177 ) (394 ) (1,510 ) 156 (25,139 ) Provision for loan commitments (2,508 ) (504 ) 308 (86 ) 5 2 — (2,783 ) Total provision for credit losses - loans and loan commitments (6,046 ) (11,924 ) (3,948 ) (4,263 ) (389 ) (1,508 ) 156 (27,922 ) Charge-offs (18 ) (19 ) (750 ) (371 ) (174 ) (927 ) (201 ) (2,460 ) Recoveries 55 528 440 135 79 462 113 1,812 Net charge-offs 37 509 (310 ) (236 ) (95 ) (465 ) (88 ) (648 ) Balance at March 31, 2021 Allowance for credit losses - loans 7,340 99,741 33,284 13,438 998 4,532 707 160,040 Allowance for credit losses - loan commitments 4,000 208 1,583 869 50 21 — 6,731 Total ending allowance for credit losses - loans and loan commitments $ 11,340 $ 99,949 $ 34,867 $ 14,307 $ 1,048 $ 4,553 $ 707 $ 166,771 Balance at December 31, 2019 Allowance for credit losses - loans $ 4,949 $ 20,293 $ 14,116 $ 4,311 $ 4,422 $ 2,951 $ 1,387 $ 52,429 Allowance for credit losses - loan commitments 235 22 311 15 250 41 — 874 Total beginning allowance for credit losses - loans and loan commitments 5,184 20,315 14,427 4,326 4,672 2,992 1,387 53,303 Impact of adopting ASC 326 1,524 13,078 22,357 5,630 (3,936 ) 2,576 213 41,442 Provision for credit losses: Provision for loan losses 2,564 20,585 5,632 237 646 (1,241 ) (351 ) 28,072 Provision for loan commitments 2,274 — (582 ) 49 2 — — 1,743 Total provision for credit losses - loans and loan commitments 4,838 20,585 5,050 286 648 (1,241 ) (351 ) 29,815 Charge-offs (1 ) (1,398 ) (2,714 ) (386 ) (443 ) (856 ) (328 ) (6,126 ) Recoveries 8 293 107 272 172 415 143 1,410 Net charge-offs 7 (1,105 ) (2,607 ) (114 ) (271 ) (441 ) (185 ) (4,716 ) Balance at March 31, 2020 Allowance for credit losses - loans 6,442 52,873 39,227 9,684 1,096 3,886 1,064 114,272 Allowance for credit losses - loan commitments 5,111 — — 444 17 — — 5,572 Total ending allowance for credit losses - loans and loan commitments $ 11,553 $ 52,873 $ 39,227 $ 10,128 $ 1,113 $ 3,886 $ 1,064 $ 119,844 The following tables present the allowance for credit losses and recorded investments in loans by category, as of each period-end: Allowance for Credit Losses and Recorded Investment in Loans (unaudited, in thousands) Commercial Real Estate- Land and Construction Commercial Real Estate- Improved Property Commercial and Industrial Residential Real Estate Home Equity Consumer Deposit Over- drafts Total March 31, 2021 Allowance for credit losses: Loans individually-evaluated $ 503 $ 4,035 $ 1,501 $ — $ — $ — $ — $ 6,039 Loans collectively-evaluated 6,837 95,706 31,783 13,438 998 4,532 707 154,001 Loan commitments 4,000 208 1,583 869 50 21 — 6,731 Total allowance for credit losses - loans and commitments $ 11,340 $ 99,949 $ 34,867 $ 14,307 $ 1,048 $ 4,553 $ 707 $ 166,771 Portfolio loans: Individually-evaluated for credit losses (1) $ 1,125 $ 40,158 $ 1,838 $ — $ — $ — $ — $ 43,121 Collectively-evaluated for credit losses 640,892 5,030,567 2,420,897 1,644,422 634,018 289,395 — 10,660,191 Total portfolio loans $ 642,017 $ 5,070,725 $ 2,422,735 $ 1,644,422 $ 634,018 $ 289,395 $ — $ 10,703,312 December 31, 2020 Allowance for credit losses: Loans individually-evaluated $ 602 $ 4,196 $ 1,484 $ — $ — $ — $ — $ 6,282 Loans collectively-evaluated 10,239 106,456 36,366 17,851 1,487 6,507 639 179,545 Loan commitments 6,508 712 1,275 955 45 19 — 9,514 Total allowance for credit losses - loans and commitments $ 17,349 $ 111,364 $ 39,125 $ 18,806 $ 1,532 $ 6,526 $ 639 $ 195,341 Portfolio loans: Individually-evaluated for credit losses (1) $ 1,455 $ 40,372 $ 2,863 $ — $ — $ — $ — $ 44,690 Collectively-evaluated for credit losses 666,822 4,996,743 2,404,575 1,720,961 646,387 309,055 — 10,744,543 Total portfolio loans $ 668,277 $ 5,037,115 $ 2,407,438 $ 1,720,961 $ 646,387 $ 309,055 $ — $ 10,789,233 (1 ) Commercial loan risk grades are determined based on an evaluation of the relevant characteristics of each loan, assigned at inception and adjusted thereafter at any time to reflect changes in the risk profile throughout the life of each loan. The primary factors used to determine the risk grade are the sufficiency, reliability and sustainability of the primary source of repayment and overall financial strength of the borrower. The rating system more heavily weights the debt service coverage, leverage and loan to value factors to derive the risk grade. Other factors that are considered at a lesser weighting include management, industry or property type risks, payment history, collateral or guarantees. Commercial real estate – land and construction consists of loans to finance investments in vacant land, land development, construction of residential housing, and construction of commercial buildings. Commercial real estate – improved property consists of loans for the purchase or refinance of all types of improved owner-occupied and investment properties. Factors that are considered in assigning the risk grade vary depending on the type of property financed. The risk grade assigned to construction and development loans is based on the overall viability of the project, the experience and financial capacity of the developer or builder to successfully complete the project, project specific and market absorption rates and comparable property values, and the amount of pre-sales for residential housing construction or pre-leases for commercial investment property. The risk grade assigned to commercial investment property loans is based primarily on the adequacy of the net operating income generated by the property to service the debt (“debt service coverage”), the loan to appraised value, the type, quality, industry and mix of tenants, and the terms of leases. The risk grade assigned to owner-occupied commercial real estate is based primarily on global debt service coverage and the leverage of the business, but may also consider the industry in which the business operates, the business’ specific competitive advantages or disadvantages, collateral margins and the quality and experience of management. Commercial and industrial (“C&I”) loans consist of revolving lines of credit to finance accounts receivable, inventory and other general business purposes; term loans to finance fixed assets other than real estate, and letters of credit to support trade, insurance or governmental requirements for a variety of businesses. Most C&I borrowers are privately-held companies with annual sales up to $100 million. Primary factors that are considered in risk rating C&I loans include debt service coverage and leverage. Other factors including operating trends, collateral coverage along with management experience are also considered. Pass loans are those that exhibit a history of positive financial results that are at least comparable to the average for their industry or type of real estate. The primary source of repayment is acceptable and these loans are expected to perform satisfactorily during most economic cycles. Pass loans typically have no significant external factors that are expected to adversely affect these borrowers more than others in the same industry or property type. Any minor unfavorable characteristics of these loans are outweighed or mitigated by other positive factors including but not limited to adequate secondary or tertiary sources of repayment. Criticized loans, considered as compromised, have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the bank's credit position at some future date. Criticized loans are not adversely classified by the banking regulators and do not expose the bank to sufficient risk to warrant adverse classification. Classified loans, considered as substandard and doubtful, are equivalent to the classifications used by banking regulators. Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. These loans may or may not be reported as non-accrual. Doubtful loans have all the weaknesses inherent in those classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. These loans are reported as non-accrual. The following tables summarize commercial loans by their assigned risk grade: Commercial Loans by Internally Assigned Risk Grade (unaudited, in thousands) Commercial Real Estate- Land and Construction Commercial Real Estate- Improved Property Commercial & Industrial Total Commercial Loans As of March 31, 2021 Pass $ 634,835 $ 4,679,257 $ 2,365,558 $ 7,679,650 Criticized - compromised 5,360 297,801 37,782 340,943 Classified - substandard 1,822 93,667 19,395 114,884 Classified - doubtful — — — — Total $ 642,017 $ 5,070,725 $ 2,422,735 $ 8,135,477 As of December 31, 2020 Pass $ 657,435 $ 4,609,726 $ 2,350,724 $ 7,617,885 Criticized - compromised 7,397 320,301 34,597 362,295 Classified - substandard 3,445 107,088 22,117 132,650 Classified - doubtful — — — — Total $ 668,277 $ 5,037,115 $ 2,407,438 $ 8,112,830 Residential real estate, home equity and consumer loans are not assigned internal risk grades other than as required by regulatory guidelines that are based primarily on the age of past due loans. Wesbanco primarily evaluates the credit quality of residential real estate, home equity and consumer loans based on repayment performance and historical loss rates. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard in accordance with regulatory guidelines was $29.4 million at March 31, 2021 and $27.7 million at December 31, 2020, of which $5.5 million and $4.1 million were accruing, for each period, respectively. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard, as well as $28.3 million and $28.7 million of unfunded commercial loan commitments are not included in the tables above at March 31, 2021 and December 31, 2020, respectively. The following tables summarize the age analysis of all categories of loans: Age Analysis of Loans (unaudited, in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans 90 Days or More Past Accruing (1) As of March 31, 2021 Commercial real estate: Land and construction $ 639,378 $ 1,120 $ 759 $ 760 $ 2,639 $ 642,017 $ 641 Improved property 5,055,419 4,041 1,984 9,281 15,306 5,070,725 1,955 Total commercial real estate 5,694,797 5,161 2,743 10,041 17,945 5,712,742 2,596 Commercial and industrial 2,408,663 4,823 2,657 6,592 14,072 2,422,735 5,314 Residential real estate 1,625,328 2,713 1,589 14,792 19,094 1,644,422 4,007 Home equity 628,773 1,213 197 3,835 5,245 634,018 784 Consumer 287,395 1,428 340 232 2,000 289,395 123 Total portfolio loans 10,644,956 15,338 7,526 35,492 58,356 10,703,312 12,824 Loans held for sale 153,520 — — — — 153,520 — Total loans $ 10,798,476 $ 15,338 $ 7,526 $ 35,492 $ 58,356 $ 10,856,832 $ 12,824 Nonperforming loans included above are as follows: Non-accrual loans $ 9,960 $ 940 $ 1,100 $ 22,575 $ 24,615 $ 34,575 TDRs accruing interest (1) 3,248 63 159 93 315 3,563 Total nonperforming loans $ 13,208 $ 1,003 $ 1,259 $ 22,668 $ 24,930 $ 38,138 As of December 31, 2020 Commercial real estate: Land and construction $ 664,990 $ 582 $ 2,276 $ 429 $ 3,287 $ 668,277 $ 288 Improved property 5,016,812 4,876 4,118 11,309 20,303 5,037,115 2,713 Total commercial real estate 5,681,802 5,458 6,394 11,738 23,590 5,705,392 3,001 Commercial and industrial 2,395,844 4,372 2,197 5,025 11,594 2,407,438 1,899 Residential real estate 1,698,636 2,614 5,654 14,057 22,325 1,720,961 2,863 Home equity 639,319 2,414 775 3,879 7,068 646,387 706 Consumer 305,483 1,998 1,031 543 3,572 309,055 377 Total portfolio loans 10,721,084 16,856 16,051 35,242 68,149 10,789,233 8,846 Loans held for sale 168,378 — — — — 168,378 — Total loans $ 10,889,462 $ 16,856 $ 16,051 $ 35,242 $ 68,149 $ 10,957,611 $ 8,846 Nonperforming loans included above are as follows: Non-accrual loans $ 9,560 $ 630 $ 466 $ 26,224 $ 27,320 $ 36,880 TDRs accruing interest (1) 3,540 63 152 172 387 3,927 Total nonperforming loans $ 13,100 $ 693 $ 618 $ 26,396 $ 27,707 $ 40,807 (1) Loans 90 days or more past due and accruing interest exclude TDRs 90 days or more past due and accruing interest. The following tables summarize nonperforming loans: Nonperforming Loans March 31, 2021 December 31, 2020 Unpaid Unpaid Principal Recorded Related Principal Recorded Related (unaudited, in thousands) Balance (1) Investment Allowance Balance (1) Investment Allowance With no related specific allowance recorded: Commercial real estate: Land and construction $ 138 $ 120 $ — $ 469 $ 469 $ — Improved property 8,719 7,349 — 9,597 8,055 — Commercial and industrial 1,860 1,675 — 4,401 3,413 — Residential real estate 23,605 20,990 — 23,055 20,704 — Home equity 6,518 5,569 — 6,635 5,708 — Consumer 593 351 — 602 364 — Total nonperforming loans without a specific allowance 41,433 36,054 — 44,759 38,713 — With a specific allowance recorded: Commercial real estate: Land and construction — — — — — — Improved property 2,094 2,084 175 2,094 2,094 136 Commercial and industrial — — — — — — Residential real estate — — — — — — Home equity — — — — — — Consumer — — — — — — Total nonperforming loans with a specific allowance 2,094 2,084 175 2,094 2,094 136 Total nonperforming loans $ 43,527 $ 38,138 $ 175 $ 46,853 $ 40,807 $ 136 (1) Nonperforming Loans For the Three Months Ended March 31, 2021 March 31, 2020 Average Interest Average Interest Recorded Income Recorded Income (unaudited, in thousands) Investment Recognized Investment Recognized With no related specific allowance recorded: Commercial real estate: Land and construction $ 295 $ — $ 393 $ — Improved property 7,702 9 5,501 20 Commercial and industrial 2,544 1 8,570 3 Residential real estate 20,847 39 18,470 55 Home equity 5,639 6 5,811 6 Consumer 358 — 390 1 Total nonperforming loans without a specific allowance 37,385 55 39,135 85 With a specific allowance recorded: Commercial real estate: Land and construction — — — — Improved property 2,089 — 3,270 — Commercial and industrial — — 96 — Residential real estate — — 2,196 — Home equity — — 352 — Consumer — — 27 — Total nonperforming loans with a specific allowance 2,089 — 5,941 — Total nonperforming loans $ 39,474 $ 55 $ 45,076 $ 85 The following tables present the recorded investment in non-accrual loans and TDRs: Non-accrual Loans (1) March 31, December 31, (unaudited, in thousands) 2021 2020 Commercial real estate: Land and construction $ 120 $ 469 Improved property 9,007 9,494 Total commercial real estate 9,127 9,963 Commercial and industrial 1,571 3,302 Residential real estate 18,358 17,925 Home equity 5,181 5,345 Consumer 338 345 Total $ 34,575 $ 36,880 (1) At March 31, 2021 and December 31, 2020, there was one borrower with a loan balance greater than $1.0 million totaling $2.1 million. Total non-accrual loans include loans that are also restructured. Such loans are also set forth in the following table as non-accrual TDRs. TDRs March 31, 2021 December 31, 2020 (unaudited, in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Commercial real estate: Land and construction $ — $ — $ — $ — $ — $ — Improved property 426 157 583 655 165 820 Total commercial real estate 426 157 583 655 165 820 Commercial and industrial 104 — 104 111 — 111 Residential real estate 2,632 1,353 3,985 2,779 1,354 4,133 Home equity 388 253 641 363 300 663 Consumer 13 5 18 19 9 28 Total $ 3,563 $ 1,768 $ 5,331 $ 3,927 $ 1,828 $ 5,755 As of March 31, 2021 and December 31, 2020, there were no TDRs greater than $1.0 million. The concessions granted in the majority of loans reported as accruing and non-accrual TDRs are extensions of the maturity date or the amortization period, reductions in the interest rate below the prevailing market rate for loans with comparable characteristics, and/or permitting interest-only payments for longer than six months. Wesbanco had unfunded commitments to debtors whose loans were classified as nonperforming of $0.9 million as of March 31, 2021 and December 31, 2020. The following tables present details related to loans identified as TDRs during the three months ended March 31, 2021 and 2020, respectively: New TDRs (1) For the Three Months Ended March 31, 2021 March 31, 2020 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (unaudited, dollars in thousands) Modifications Investment Investment Modifications Investment Investment Commercial real estate: Land and construction — $ — $ — — $ — $ — Improved Property — — — — — — Total commercial real estate — — — — — — Commercial and industrial — — — — — — Residential real estate — — — 2 332 330 Home equity — — — — — — Consumer — — — — — — Total — $ — $ — 2 $ 332 $ 330 (1) Excludes loans that were either paid off or charged-off by period end. The pre-modification balance represents the balance outstanding at the beginning of the period. The post-modification balance represents the outstanding balance at period end. The following table summarizes TDRs which defaulted (defined as past due 90 days) during the three months ended March 31, 2021 and 2020, respectively, that were restructured within the last twelve months prior to March 31, 2021 and 2020, respectively: Defaulted TDRs (1) For the Three Months Ended March 31, 2021 March 31, 2020 Number of Recorded Number of Recorded (unaudited, dollars in thousands) Defaults Investment Defaults Investment Commercial real estate: Land and construction — $ — — $ — Improved property — — — — Total commercial real estate — — — — Commercial and industrial — — 1 13 Residential real estate — — 1 155 Home equity — — — — Consumer — — — — Total — $ — 2 $ 168 (1) TDRs that default are placed on non-accrual status unless they are both well-secured and in the process of collection. The loans in the table above were not accruing interest. Section 4013 of the CARES Act allows financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to TDRs for a limited period of time during the COVID-19 pandemic. These customers must meet certain criteria, such as they were in good standing and not more than 30 days past due either as of December 31, 2019, or as of the implementation of the modification program under the Interagency Statement, as well as other requirements noted in the regulatory agencies’ revised statement. Based on this guidance, Wesbanco does not classify the COVID-19 loan modifications as TDRs, nor are the customers considered past due with regard to their delayed payments. Upon exiting the loan modification deferral program, the measurement of loan delinquency will resume where it left off upon entry into the program. Under the CARES Act, Wesbanco has modified approximately 3,553 loans totaling $2.2 billion, of which $0.2 billion remain in their deferral period as of March 31, 2021. Wesbanco originally offered three to six months of deferred payments to commercial and retail customers impacted by the COVID-19 pandemic depending on the type of loan and the industry for commercial loans. In the fourth quarter of 2020, Wesbanco offered up to an additional twelve months of deferred payments to certain commercial loan customers, predominantly in the hospitality industry, based on specific criteria related to the borrower, the underlying property and the potential for guarantors / co-borrowers. On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”) was signed into law and among other things, extended the relief granted by the CARES Act for TDRs, initially slated to end on December 31, 2020, by one year to December 31, 2021. The following table s summarize amortized cost basis loan balances by year of origination and credit quality indicator: Loans As of March 31, 2021 Amortized Cost Basis by Origination Year (unaudited, in thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: land and construction Risk rating: Pass $ 30,840 $ 164,939 $ 296,600 $ 49,749 $ 27,064 $ 43,143 $ 22,500 $ — $ 634,835 Criticized - compromised — 875 — 39 228 3,618 600 — 5,360 Classified - substandard — — — 74 40 1,708 — — 1,822 Classified - doubtful — — — — — — — — — Total $ 30,840 $ 165,814 $ 296,600 $ 49,862 $ 27,332 $ 48,469 $ 23,100 $ — $ 642,017 Commercial real estate: improved property Risk rating: Pass $ 156,789 $ 787,296 $ 690,398 $ 639,915 $ 472,801 $ 1,864,909 $ 67,149 $ — $ 4,679,257 Criticized - compromised — 1,892 53,807 17,473 53,576 150,704 20,349 — 297,801 Classified - substandard — 222 28,603 1,860 7,171 55,811 — — 93,667 Classified - doubtful — — — — — — — — — Total $ 156,789 $ 789,410 $ 772,808 $ 659,248 $ 533,548 $ 2,071,424 $ 87,498 $ — $ 5,070,725 Commercial and industrial Risk rating: Pass $ 401,323 $ 685,632 $ 232,322 $ 185,484 $ 135,856 $ 320,788 $ 404,023 $ 130 $ 2,365,558 Criticized - compromised 26 3,290 2,746 4,236 2,651 10,841 13,992 — 37,782 Classified - substandard 985 — 2,518 1,668 3,567 5,179 5,478 — 19,395 Classified - doubtful — — — — — — — — — Total $ 402,334 $ 688,922 $ 237,586 $ 191,388 $ 142,074 $ 336,808 $ 423,493 $ 130 $ 2,422,735 Residential real estate Loan delinquency: Current $ 66,997 $ 392,577 $ 209,234 $ 130,435 $ 94,237 $ 731,848 $ — $ — $ 1,625,328 30-59 days past due — — — 79 — 2,634 — — 2,713 60-89 days past due — — — 272 113 1,204 — — 1,589 90 days or more past due — — 379 784 761 12,868 — — 14,792 Total $ 66,997 $ 392,577 $ 209,613 $ 131,570 $ 95,111 $ 748,554 $ — $ — $ 1,644,422 Home equity Loan delinquency: Current $ 4,724 $ 15,055 $ 3,290 $ 2,959 $ 857 $ 16,995 $ 573,653 $ 11,240 $ 628,773 30-59 days past due — — — — — 400 783 30 1,213 60-89 days past due — — — — — 121 76 — 197 90 days or more past due — — — 19 150 1,565 1,355 746 3,835 Total $ 4,724 $ 15,055 $ 3,290 $ 2,978 $ 1,007 $ 19,081 $ 575,867 $ 12,016 $ 634,018 Consumer Loan delinquency: Current $ 18,121 $ 65,802 $ 79,045 $ 33,586 $ 18,773 $ 51,313 $ 20,589 $ 166 $ 287,395 30-59 days past due 37 444 413 68 114 352 — — 1,428 60-89 days past due — 45 50 31 64 148 2 — 340 90 days or more past due — 8 — 54 29 125 16 — 232 Total $ 18,158 $ 66,299 $ 79,508 $ 33,739 $ 18,980 $ 51,938 $ 20,607 $ 166 $ 289,395 Loans As of December 31, 2020 Amortized Cost Basis by Origination Year (unaudited, in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: land and construction Risk rating: Pass $ 133,720 $ 314,614 $ 109,232 $ 27,483 $ 16,404 $ 29,685 $ 26,297 $ — $ 657,435 Criticized - compromised 459 — 1,532 233 79 3,778 1,316 — 7,397 Classified - substandard — — 403 58 291 2,693 — — 3,445 Classified - doubtful — — — — — — — — — Total $ 134,179 $ 314,614 $ 111,167 $ 27,774 $ 16,774 $ 36,156 $ 27,613 $ — $ 668,277 Commercial real estate: improved property Risk rating: Pass $ 809,516 $ 670,554 $ 646,629 $ 474,622 $ 572,733 $ 1,346,552 $ 89,120 $ — $ 4,609,726 Criticized - compromised 2,693 67,261 16,793 59,251 42,284 130,247 1,772 — 320,301 Classified - substandard 102 16,366 4,946 11,647 18,460 55,567 — — 107,088 Classified - doubtful — — — — — — — — — Total $ 812,311 $ 754,181 $ 668,368 $ 545,520 $ 633,477 $ 1,532,366 $ 90,892 $ — $ 5,037,115 Commercial and industrial Risk rating: Pass $ 977,085 $ 240,262 $ 193,712 $ 160,924 $ 85,379 $ 265,890 $ 427,336 $ 136 $ 2,350,724 Criticized - compromised 453 2,726 4,206 2,795 324 11,640 12,453 — 34,597 Classified - substandard — 3,817 1,947 3,771 1,603 5,073 5,906 — 22,117 Classified - doubtful — — — — — — — — — Total $ 977,538 $ 246,805 $ 199,865 $ 167,490 $ 87,306 $ 282,603 $ 445,695 $ 136 $ 2,407,438 Residential real estate Loan delinquency: Current $ 385,541 $ 242,770 $ 149,603 $ 108,090 $ 170,967 $ 641,665 $ — $ — $ 1,698,636 30-59 days past due — — 320 533 — 1,761 — — 2,614 60-89 days past due — — 823 — 185 4,646 — — 5,654 90 days or more past due — 483 166 761 819 11,828 — — 14,057 Total $ 385,541 $ 243,253 $ 150,912 $ 109,384 $ 171,971 $ 659,900 $ — $ — $ 1,720,961 Home equity Loan delinquency: Current $ 18,191 $ 3,611 $ 3,334 $ 975 $ 1,110 $ 16,477 $ 583,486 $ 12,135 $ 639,319 30-59 days past due 124 — 34 — — 882 1,247 127 2,414 60-89 days past due — — — — — 14 749 12 775 90 days or more past due — — 8 156 88 1,786 1,075 766 3,879 Total $ 18,315 $ 3,611 $ 3,376 $ 1,131 $ 1,198 $ 19,159 $ 586,557 $ 13,040 $ 646,387 Consumer Loan delinquency: Current $ 72,847 $ 89,637 $ 39,584 $ 22,118 $ 13,144 $ 45,735 $ 22,253 $ 165 $ 305,483 30-59 days past due 481 408 210 311 194 379 15 — 1,998 60-89 days past due 273 147 84 100 163 253 11 — 1,031 90 days or more past due 113 72 73 31 12 242 — — 543 Total $ 73,714 $ 90,264 $ 39,951 $ 22,560 $ 13,513 $ 46,609 $ 22,279 $ 165 $ 309,055 The following table summarizes other real estate owned and repossessed assets included in other assets: March 31, December 31, (unaudited, in thousands) 2021 2020 Other real estate owned $ 375 $ 504 Repossessed assets 18 45 Total other real estate owned and repossessed assets $ 393 $ 549 Residential real estate included in |