Loans and Allowance for Credit Losses | Allowance for Credit Losses and Asset Quality Net Loans are summarized as follows: June 30, December 31, 2019 (in thousands) Real estate - commercial mortgage $ 6,934,936 $ 6,700,776 Commercial and industrial 5,971,201 4,446,701 Real-estate - residential mortgage 2,862,226 2,641,465 Real-estate - home equity 1,251,455 1,314,944 Real-estate - construction 972,909 971,079 Consumer 465,610 463,164 Equipment lease financing and other 266,521 322,625 Overdrafts 3,622 3,582 Gross loans 18,728,480 16,864,336 Unearned income (23,758) (26,810) Net Loans $ 18,704,722 $ 16,837,526 The Corporation segments its loan portfolio by "portfolio segments," as presented in the table above. Certain portfolio segments are further disaggregated by "class segment" for the purpose of estimating credit losses. See "Allowance for Credit Losses" below for further discussion regarding portfolio and class segments and their impact on the determination of the ACL. Allowance for Credit Losses, effective January 1, 2020 As discussed in Note 1, "Basis of Presentation," the Corporation adopted CECL effective January 1, 2020. CECL requires estimated credit losses on loans to be determined based on an expected life of loan model, as compared to an incurred loss model (in effect for periods prior to 2020). Accordingly, ACL disclosures subsequent to January 1, 2020 are not always comparable to prior periods. In addition, certain new disclosures required under CECL are not applicable to prior periods. As a result, the following tables present disclosures separately for each period, where appropriate. New disclosures required under CECL are only shown for the current period and are noted. See Note 1, "Basis of Presentation", for a summary of the impact of adopting CECL on January 1, 2020. Under CECL, loans evaluated individually for impairment consist of non-accrual loans and TDRs. Under the incurred loss model in effect prior to the adoption of CECL, loans evaluated individually for impairment were referred to as impaired loans. The ACL related to loans consists of loans evaluated collectively and individually for expected credit losses. The ACL related to loans represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to Net Loans. The ACL for OBS credit exposures includes estimated losses on unfunded loan commitments, letters of credit and other OBS credit exposures. The total ACL is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries. The following table presents the components of the ACL under CECL: June 30, 2020 (in thousands) ACL - loans $ 256,537 ACL - OBS credit exposure 16,383 Total ACL $ 272,920 The following table presents the activity in the ACL in 2020: Three months ended June 30, 2020 Six months ended June 30, 2020 (in thousands) Balance at beginning of period $ 257,471 $ 166,209 Impact of adopting CECL (1) — 58,348 Loans charged off (8,047) (22,050) Recoveries of loans previously charged off 3,926 6,813 Net loans charged off (4,121) (15,237) Provision for credit losses (2) 19,570 63,600 Balance at end of period $ 272,920 $ 272,920 (1) Includes $12.6 million of reserves for OBS credit exposures as of January 1, 2020. (2) Includes $(2.6) million and $1.2 million related to OBS credit exposures for the three and six months ended June 30, 2020, respectively. The following table presents the activity in the ACL - loans by portfolio segment, for the three and six months ended June 30, 2020: Real Estate - Commercial and Real Estate - Real Estate - Real Estate - Consumer Equipment lease financing, other Total (in thousands) Three months ended June 30, 2020 Balance at March 31, 2020 $ 90,319 $ 63,606 $ 15,253 $ 42,427 $ 8,398 $ 9,865 $ 8,640 $ 238,508 Loans charged off (2,324) (3,480) (458) (235) (17) (845) (688) (8,047) Recoveries of loans previously charged off 95 2,978 44 112 — 605 92 3,926 Net loans recovered (charged off) (2,229) (502) (414) (123) (17) (240) (596) (4,121) Provision for loan losses (1) 14,605 (1,657) 1,552 4,139 3,933 674 (1,096) 22,150 Balance at June 30, 2020 $ 102,695 $ 61,447 $ 16,391 $ 46,443 $ 12,314 $ 10,299 $ 6,948 $ 256,537 Six months ended June 30, 2020 Balance at December 31, 2019 $ 45,610 $ 68,602 $ 17,744 $ 19,771 $ 4,443 $ 3,762 $ 3,690 $ 163,622 Impact of CECL 29,361 (18,576) (65) 21,235 4,015 5,969 3,784 45,723 Loans charged off (3,179) (14,379) (745) (422) (17) (2,087) (1,221) (22,050) Recoveries of loans previously charged off 339 4,712 261 197 70 1,034 200 6,813 Net loans recovered (charged off) (2,840) (9,667) (484) (225) 53 (1,053) (1,021) (15,237) Provision for loan losses (1) 30,564 21,088 (804) 5,662 3,803 1,621 495 62,429 Balance at June 30, 2020 $ 102,695 $ 61,447 $ 16,391 $ 46,443 $ 12,314 $ 10,299 $ 6,948 $ 256,537 (1) Provision included in the table only includes the portion related to Net Loans. The following table presents the ACL - loans and amortized cost basis of Net Loans under CECL methodology as of June 30, 2020: ACL - Loans Net Loans Collectively Evaluated for Impairment Individually Evaluated for Impairment Total ACL - Loans Collectively Evaluated for Impairment Individually Evaluated for Impairment Total Net Loans (in thousands) June 30, 2020 Real Estate - Commercial Mortgage $ 94,654 $ 8,041 $ 102,695 $ 6,873,754 $ 61,182 $ 6,934,936 Commercial and Industrial 54,413 7,034 61,447 5,927,424 43,777 5,971,201 Real Estate - Home Equity 8,510 7,881 16,391 1,228,411 23,044 1,251,455 Real Estate - Residential Mortgage 39,984 6,459 46,443 2,817,173 45,053 2,862,226 Real Estate - Construction 12,060 254 12,314 969,427 3,482 972,909 Consumer 10,182 117 10,299 465,418 192 465,610 Equipment Lease Financing and Other 6,948 — 6,948 229,562 16,823 246,385 Total $ 226,751 $ 29,786 $ 256,537 $ 18,511,169 $ 193,553 $ 18,704,722 Allowance for Credit Losses, prior to January 1, 2020 Prior to January 1, 2020, the ACL consisted of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represented management’s estimate of incurred losses in the loan portfolio as of the balance sheet date and is recorded as a reduction to Net Loans. The reserve for unfunded lending commitments represented management’s estimate of incurred losses in unfunded loan commitments and letters of credit, and was recorded in other liabilities on the consolidated balance sheets. The ACL was increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries. The following table presents the components of the ACL: December 31, 2019 (in thousands) Allowance for loan losses $ 163,622 Reserve for unfunded lending commitments 2,587 ACL $ 166,209 The following table presents the activity in the ACL for the periods indicated in 2019: Three months ended June 30, 2019 Six months ended June 30, 2019 (in thousands) Balance at beginning of period $ 170,372 $ 169,410 Loans charged off (3,711) (10,080) Recoveries of loans previously charged off 5,255 7,486 Net loans charged off 1,544 (2,594) Provision for credit losses(1) 5,025 10,125 Balance at end of period $ 176,941 $ 176,941 (1) Includes ($1.6 million) and ($2.2 million) related to reserve for unfunded lending commitments for the three and six months ended June 30, 2019, respectively. The following table presents the activity in the allowance for loan losses, by portfolio segment, for the three and six months ended June 30, 2019: Real Estate - Commercial & Real Estate - Real Estate - Real Estate - Consumer Equipment lease financing, other Total (in thousands) Three months ended June 30, 2019 Balance at March 31, 2019 $ 51,946 $ 60,501 $ 19,215 $ 19,146 $ 4,941 $ 3,319 $ 3,041 $ 162,109 Loans charged off (230) (1,895) (206) (134) (3) (795) (448) (3,711) Recoveries of loans previously charged off 169 2,680 223 211 1,245 579 148 5,255 Net loans recovered (charged off) (61) 785 17 77 1,242 (216) (300) 1,544 Provision for loan losses 2,974 5,055 (251) (331) (1,255) 260 128 6,580 Balance at June 30, 2019 $ 54,859 $ 66,341 $ 18,981 $ 18,892 $ 4,928 $ 3,363 $ 2,869 $ 170,233 Six months ended June 30, 2019 Balance at December 31, 2018 $ 52,889 $ 58,868 $ 18,911 $ 18,921 $ 5,061 $ 3,217 $ 2,670 $ 160,537 Loans charged off (1,375) (4,682) (425) (789) (98) (1,478) (1,233) (10,080) Recoveries of loans previously charged off 305 3,923 420 343 1,329 789 377 7,486 Net loans recovered (charged off) (1,070) (759) (5) (446) 1,231 (689) (856) (2,594) Provision for loan losses 3,040 8,232 75 417 (1,364) 835 1,055 12,290 Balance at June 30, 2019 $ 54,859 $ 66,341 $ 18,981 $ 18,892 $ 4,928 $ 3,363 $ 2,869 $ 170,233 (1) The provision in the table only includes the portion related to Net Loans. The following table presents Net Loans and their related allowance for loan losses, by portfolio segment as of June 30, 2019: Real Estate - Commercial and Real Estate - Real Estate - Real Estate - Consumer Equipment lease financing, other and Total (in thousands) Allowance for loan losses: Collectively evaluated for impairment $ 45,367 $ 53,985 $ 8,463 $ 9,913 $ 4,399 $ 3,356 $ 2,869 $ 128,352 Individually evaluated for impairment 9,492 12,356 10,518 8,979 529 7 — 41,881 Total $ 54,859 $ 66,341 $ 18,981 $ 18,892 $ 4,928 $ 3,363 $ 2,869 $ 170,233 Net Loans: Collectively evaluated for impairment $ 6,438,080 $ 4,313,666 $ 1,363,392 $ 2,414,627 $ 918,380 $ 452,865 $ 273,118 $ 16,174,128 Individually evaluated for impairment 59,893 51,582 23,582 37,339 4,167 9 17,758 194,330 Total $ 6,497,973 $ 4,365,248 $ 1,386,974 $ 2,451,966 $ 922,547 $ 452,874 $ 290,876 $ 16,368,458 Non-accrual Loans All loans individually evaluated for impairment are measured for losses on a quarterly basis. As of June 30, 2020 and December 31, 2019, substantially all of the Corporation’s individually evaluated loans with total commitments greater than or equal to $1.0 million were measured based on the estimated fair value of each loan’s collateral, if any. Collateral could be in the form of real estate, in the case of commercial mortgages and construction loans, or business assets, such as accounts receivable or inventory, in the case of commercial and industrial loans. Commercial and industrial loans may also be secured by real estate. As of June 30, 2020 and December 31, 2019, approximately 97% and 93%, respectively, of loans evaluated individually for impairment with principal balances greater than or equal to $1.0 million, whose primary collateral is real estate, were measured at estimated fair value using appraisals performed by state certified third-party appraisers that had been updated in the preceding 12 months. The following table presents total non-accrual loans, by class segment, as of the following periods: June 30, 2020 December 31, 2019 Non-accrual Loans Non-accrual Loans With a Related Allowance Without a Related Allowance Total Total (in thousands) Real estate - commercial mortgage $ 24,638 $ 16,137 $ 40,775 $ 33,166 Commercial and industrial 18,222 21,157 39,379 48,106 Real estate - residential mortgage 15,634 1,256 16,890 16,676 Real estate - home equity 7,688 — 7,688 7,004 Real estate - construction 2,412 1,070 3,482 3,618 Equipment lease financing and other — 16,823 16,823 16,528 $ 68,594 $ 56,443 $ 125,037 $ 125,098 As of June 30, 2020, there were $56.4 million of non-accrual loans that did not have a related allowance for credit losses. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or the loans were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary. Asset Quality Maintaining an appropriate ACL is dependent on various factors, including the ability to identify potential problem loans in a timely manner. For commercial construction, residential construction, commercial and industrial, and commercial real estate, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk categories is a significant component of the ACL methodology for these loans, under both the CECL and incurred loss models, which bases the probability of default on this migration. Assigning risk ratings involves judgment. The Corporation's loan review officers provide a separate assessment of risk rating accuracy. Risk ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff, or if specific loan review assessments identify a deterioration or an improvement in the loans. The following table summarizes designated internal risk categories by portfolio segment and loan class, by origination year, as of June 30, 2020: Term Loans Amortized Cost Basis by Origination Year Revolving Loans Revolving Loans converted to Term Loans (dollars in thousands) Amortized Amortized 2020 2019 2018 2017 2016 Prior Cost Basis Cost Basis Total Real estate - construction Pass $ 57,915 $ 229,899 $ 204,748 $ 140,877 $ 50,094 $ 126,187 $ 48,947 $ — $ 858,667 Special Mention — 534 — — 783 2,635 336 — 4,288 Substandard or Lower — 156 — — 778 5,601 760 — 7,295 Total real estate - construction 57,915 230,589 204,748 140,877 51,655 134,423 50,043 — 870,250 Real estate - construction Current period gross charge-offs — — — — — (17) — — (17) Current period recoveries — — — — — 70 — — 70 Current period net charge-offs — — — — — 53 — — 53 Commercial and industrial Pass 2,286,984 559,728 362,758 257,780 230,120 625,302 1,285,256 3,412 5,611,340 Special Mention 51,958 9,918 10,905 8,782 14,898 37,112 59,836 868 194,277 Substandard or Lower 30,171 1,193 13,353 14,186 12,712 25,173 68,283 512 165,583 Total commercial and industrial 2,369,113 570,839 387,016 280,748 257,730 687,587 1,413,375 4,792 5,971,200 Commercial and industrial loans Current period gross charge-offs — (107) (9) (55) (334) (210) (13,664) — (14,379) Current period recoveries 39 242 63 43 1,673 2,652 — 4,712 Current period net charge-offs — (68) 233 8 (291) 1,463 (11,012) — (9,667) Real estate - commercial mortgage Pass 459,245 935,899 791,164 894,358 918,394 2,554,653 81,448 5,812 6,640,973 Special Mention 755 4,819 18,187 30,164 16,142 101,456 3,207 — 174,730 Substandard or Lower 15 469 8,393 28,954 9,470 70,781 1,150 — 119,232 Total real estate - commercial 460,015 941,187 817,744 953,476 944,006 2,726,890 85,805 5,812 6,934,935 Real estate - commercial mortgage Current period gross charge-offs — (10) (16) (1,993) (11) (1,132) (17) — (3,179) Current period recoveries — — — — 1 338 — — 339 Current period net charge-offs — (10) (16) (1,993) (10) (794) (17) — (2,840) Total Pass $ 2,804,144 $ 1,725,526 $ 1,358,670 $ 1,293,015 $ 1,198,608 $ 3,306,142 $ 1,415,651 $ 9,224 $ 13,110,980 Special Mention 52,713 15,271 29,092 38,946 31,823 141,203 63,379 868 373,295 Substandard or Lower 30,186 1,818 21,746 43,140 22,960 101,555 70,193 512 292,110 Total $ 2,887,043 $ 1,742,615 $ 1,409,508 $ 1,375,101 $ 1,253,391 $ 3,548,900 $ 1,549,223 $ 10,604 $ 13,776,385 The information presented in the table above is not required for periods prior to the adoption of CECL. The following table presents the most comparable required information for the prior period, internal credit risk ratings for the indicated loan class segments as of December 31, 2019: Pass Special Mention Substandard or Lower Total (dollars in thousands) Real estate - commercial mortgage $ 6,429,407 $ 137,163 $ 134,206 $ 6,700,776 Commercial and industrial - secured 3,830,847 171,442 195,884 4,198,173 Commercial and industrial - unsecured 234,987 9,665 3,876 248,528 Total commercial and industrial 4,065,834 181,107 199,760 4,446,701 Construction - commercial residential 100,808 2,897 3,461 107,166 Construction - commercial 765,562 1,322 2,676 769,560 Total construction (excluding construction - other) 866,370 4,219 6,137 876,726 $ 11,361,611 $ 322,489 $ 340,103 $ 12,024,203 % of Total 94.5 % 2.7 % 2.8 % 100.0 % The Corporation does not assign internal risk ratings to smaller balance, homogeneous loans, such as home equity, residential mortgage, construction loans to individuals secured by residential real estate, consumer and equipment lease financing. For these loans, the most relevant credit quality indicator is delinquency status. The migration of loans through the various delinquency status categories is a significant component of the ACL methodology for those loans, under both the CECL and incurred loss models, which base the PD on this migration. The Corporation considers the performance of the loan portfolio and its impact on the ACL. For certain loans classes, the Corporation evaluates credit quality based on the aging status of the loan. The following table presents the amortized cost of these loans based on payment activity, by origination year, as of June 30, 2020: Term Loans Amortized Cost Basis by Origination Year Revolving Loans Revolving Loans converted to Term Loans (dollars in thousands) Amortized Amortized 2020 2019 2018 2017 2016 Prior Cost Basis Cost Basis Total Real estate - home equity Performing $ 13,718 $ 9,591 $ 15,464 $ 13,681 $ 15,006 $ 145,384 $ 1,018,865 $ 7,755 $ 1,239,464 Nonperforming — — 153 256 228 2,674 8,265 415 11,991 Total real estate - home equity 13,718 9,591 15,617 13,937 15,234 148,058 1,027,130 8,170 1,251,455 Real estate - home equity Current period gross charge-offs — — — (117) (23) (231) (374) — (745) Current period recoveries — — — — — 219 42 — 261 Current period net charge-offs — — — (117) (23) (12) (332) — (484) Real estate - residential mortgage Performing 554,061 660,974 311,804 438,785 320,134 553,448 — — 2,839,206 Nonperforming — 635 2,647 2,465 398 16,876 — — 23,021 Total real estate - residential mortgage 554,061 661,609 314,451 441,250 320,532 570,324 — — 2,862,227 Real estate - residential mortgage Current period gross charge-offs — (15) (100) (104) (6) (197) — — (422) Current period recoveries — — 10 1 1 185 — — 197 Current period net charge-offs — (15) (90) (103) (5) (12) — — (225) Consumer Performing 58,202 115,866 115,707 54,108 31,027 43,344 47,021 — 465,275 Nonperforming — — 73 42 31 42 147 — 335 Total consumer credit - other consumer loans 58,202 115,866 115,780 54,150 31,058 43,386 47,168 — 465,610 Consumer Current period gross charge-offs — (532) (335) (326) (303) (591) — — (2,087) Current period recoveries 83 89 143 51 43 625 — — 1,034 Current period net charge-offs 83 (443) (192) (275) (260) 34 — — (1,053) Equipment Lease Financing and Other Performing 63,153 76,157 54,353 39,435 16,132 2,537 — — 251,767 Nonperforming 1,526 — 207 16,048 299 296 — — 18,376 Total leasing and other 64,679 76,157 54,560 55,483 16,431 2,833 — — 270,143 Equipment Lease Financing and other Current period gross charge-offs (228) (460) — (95) — (438) — — (1,221) Current period recoveries 61 39 — 66 2 32 — — 200 Current period net charge-offs (167) (421) — (29) 2 (406) — — (1,021) Construction - other Performing 22,051 63,737 6,491 — 16 — 9,508 673 102,476 Nonperforming — — — 182 — — — — 182 Total leasing and other 22,051 63,737 6,491 182 16 — 9,508 673 102,658 Construction - other Current period gross charge-offs — — — — — — — — — Current period recoveries — — — — — — — — — Current period net charge-offs — — — — — — — — — Total Performing $ 711,185 $ 926,325 $ 503,819 $ 546,009 $ 382,315 $ 744,713 $ 1,075,394 $ 8,428 $ 4,898,188 Nonperforming 1,526 635 3,080 18,993 956 19,888 8,412 415 53,905 Total $ 712,711 $ 926,960 $ 506,899 $ 565,002 $ 383,271 $ 764,601 $ 1,083,806 $ 8,843 $ 4,952,093 The information presented in the table above is not required for periods prior to the adoption of CECL. The following table presents the most comparable required information for the prior period, a summary of performing, delinquent and non-performing loans for the indicated class segments: December 31, 2019 Performing Delinquent (1) Non-performing (2) Total (dollars in thousands) Real estate - home equity $ 1,292,035 $ 12,341 $ 10,568 $ 1,314,944 Real estate - residential mortgage 2,584,763 34,291 22,411 2,641,465 Construction - other 92,649 895 809 94,353 Consumer - direct 63,582 465 190 64,237 Consumer - indirect 393,974 4,685 268 398,927 Total consumer 457,556 5,150 458 463,164 Equipment lease financing and other 278,743 4,012 16,642 299,397 $ 4,705,746 $ 56,689 $ 50,888 $ 4,813,323 % of Total 97.8 % 1.2 % 1.0 % 100 % (1) Includes all accruing loans 30 days to 89 days past due. (2) Includes all accruing loans 90 days or more past due and all non-accrual loans. The following table presents non-performing assets: June 30, December 31, (in thousands) Non-accrual loans $ 125,037 $ 125,098 Loans 90 days or more past due and still accruing 14,767 16,057 Total non-performing loans 139,804 141,155 OREO (1) 5,418 6,831 Total non-performing assets $ 145,222 $ 147,986 (1) Excludes $10.6 million of residential mortgage properties for which formal foreclosure proceedings were in process as of June 30, 2020. The following tables present the aging of the amortized cost basis of loans, by class segment: 30-59 60-89 ≥ 90 Days Days Past Days Past Past Due Non- Due Due and Accruing Accrual Current Total (in thousands) June 30, 2020 Real estate – commercial mortgage $ 16,431 $ 1,190 $ 1,599 $ 40,775 $ 6,874,941 $ 6,934,936 Commercial and industrial 2,970 1,215 351 39,379 5,927,286 5,971,201 Real estate – residential mortgage 11,401 5,761 5,997 16,890 2,822,177 2,862,226 Real estate – home equity 3,431 1,593 3,889 7,688 1,234,854 1,251,455 Real estate – construction 2,606 414 1,043 3,482 965,364 972,909 Consumer 1,851 471 334 — 462,954 465,610 Equipment lease financing and other 795 216 1,554 16,823 226,997 246,385 Total $ 39,485 $ 10,860 $ 14,767 $ 125,037 $ 18,514,573 $ 18,704,722 30-59 Days Past 60-89 ≥ 90 Days Non- Current Total (in thousands) December 31, 2019 Real estate – commercial mortgage $ 10,912 $ 1,543 $ 4,113 $ 33,166 $ 6,651,042 $ 6,700,776 Commercial and industrial 2,302 2,630 1,385 48,106 4,392,278 4,446,701 Real estate – residential mortgage 26,982 7,309 5,735 16,676 2,584,763 2,641,465 Real estate – home equity 9,635 2,706 3,564 7,004 1,292,035 1,314,944 Real estate – construction 1,715 900 688 3,618 964,158 971,079 Consumer 4,228 922 458 — 457,556 463,164 Equipment lease financing and other 552 3,460 114 16,528 278,743 299,397 Total $ 56,326 $ 19,470 $ 16,057 $ 125,098 $ 16,620,575 $ 16,837,526 Collateral-Dependent Loans A financial asset is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of financial assets deemed collateral-dependent, the Corporation elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. In most cases, the Corporation records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent financial assets consists of various types of real estate including residential properties; commercial properties such as retail centers, office buildings, and lodging; agriculture land; and vacant land. Troubled Debt Restructurings The following table presents TDRs, by class segment: June 30, December 31, (in thousands) Real estate - residential mortgage $ 28,030 $ 21,551 Real estate - commercial mortgage 20,407 13,330 Real estate - home equity 15,548 15,068 Commercial and industrial 4,398 5,193 Consumer — 8 Total accruing TDRs 68,383 55,150 Non-accrual TDRs (1) 31,575 20,825 Total TDRs $ 99,958 $ 75,975 (1) Included in non-accrual loans in the preceding table detailing non-performing assets. The following table presents TDRs, by class segment, for loans that were modified during the three and six months ended June 30, 2020 and 2019: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Number of Loans Recorded Investment Number of Loans Recorded Investment Number of Loans Recorded Investment Number of Loans Recorded Investment (dollars in thousands) Real estate - residential mortgage 33 $ 8,505 1 $ 516 40 $ 9,165 5 $ 1,433 Real estate - commercial mortgage 6 16,082 2 1,785 7 16,474 2 1,785 Real estate - home equity 19 1,609 22 1,125 27 2,186 34 1,954 Commercial and industrial 13 1,304 4 586 14 1,378 8 3,046 Consumer 8 185 — — 8 185 — — Total 79 $ 27,685 29 $ 4,012 96 $ 29,388 49 $ 8,218 Restructured loan modifications may include payment schedule modifications, interest rate concessions, bankruptcies, principal reduction or some combination of these concessions. The restructured loan modifications primarily included maturity date extensions, rate modifications and payment schedule modifications. In accordance with regulatory guidance, payment schedule modifications granted after March 13, 2020 to borrowers impacted by the effects of the COVID-19 pandemic and who were not delinquent at the time of the payment schedule modifications have been excluded from TDRs. For the six months ended June 30, 2020, payment schedule modifications having a recorded investment of $3.9 billion were excluded from TDRs based on this regulatory guidance. |