Loans and Leases (Tables)
3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Summary of loan and lease balances for the originated and acquired portfolios
The following table presents the amortized cost of loans and leases and weighted average coupon rates for the loan and lease portfolios at the dates indicated:
 
At March 31, 2020
 
At December 31, 2019
 
Balance
 
Weighted
Average
Coupon
 
Balance
 
Weighted
Average
Coupon
 
(Dollars In Thousands)
Commercial real estate loans:
 
 
 
 
 
 
 
Commercial real estate
$
2,526,923

 
4.19
%
 
$
2,491,011

 
4.33
%
Multi-family mortgage
963,273

 
4.06
%
 
932,163

 
4.20
%
Construction
271,962

 
4.43
%
 
246,048

 
5.09
%
Total commercial real estate loans
3,762,158

 
4.17
%
 
3,669,222

 
4.34
%
Commercial loans and leases:
 
 
 
 
 

 
 
Commercial
719,208

 
4.26
%
 
729,502

 
4.66
%
Equipment financing
1,055,053

 
7.63
%
 
1,052,408

 
7.71
%
Condominium association
52,605

 
4.78
%
 
56,838

 
4.84
%
Total commercial loans and leases
1,826,866

 
6.22
%
 
1,838,748

 
6.41
%
Consumer loans:
 
 
 
 
 

 
 
Residential mortgage
810,186

 
4.03
%
 
814,245

 
4.10
%
Home equity
388,550

 
3.52
%
 
376,819

 
4.46
%
Other consumer
34,767

 
3.99
%
 
38,782

 
4.48
%
Total consumer loans
1,233,503

 
3.87
%
 
1,229,846

 
4.22
%
Total loans and leases
$
6,822,527

 
4.66
%
 
$
6,737,816

 
4.88
%

Accrued interests on loans and leases, which were excluded from the amortized cost of loans and leases totaled $18.4 million and $17.4 million at March 31, 2020 and December 31, 2019, respectively, and were included in other assets in the consolidated balance sheets.
The following table presents the recorded investments of loans and leases and weighted average coupon rates for the originated and acquired loan and lease portfolios at the date indicated:
 
At December 31, 2019
 
Originated
 
Acquired
 
Total
 
Balance
 
Weighted
Average
Coupon
 
Balance
 
Weighted
Average
Coupon
 
Balance
 
Weighted
Average
Coupon
 
(Dollars In Thousands)
Commercial real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
$
2,400,037

 
4.32
%
 
$
90,974

 
4.63
%
 
$
2,491,011

 
4.33
%
Multi-family mortgage
896,482

 
4.18
%
 
35,681

 
4.59
%
 
932,163

 
4.20
%
Construction
239,015

 
5.04
%
 
7,033

 
6.73
%
 
246,048

 
5.09
%
Total commercial real estate loans
3,535,534

 
4.33
%
 
133,688

 
4.73
%
 
3,669,222

 
4.34
%
Commercial loans and leases:
 
 
 
 
 
 
 
 
 
 
 

Commercial
713,875

 
4.65
%
 
15,627

 
5.14
%
 
729,502

 
4.66
%
Equipment financing
1,049,997

 
7.71
%
 
2,411

 
5.98
%
 
1,052,408

 
7.71
%
Condominium association
56,838

 
4.84
%
 

 
%
 
56,838

 
4.84
%
Total commercial loans and leases
1,820,710

 
6.42
%
 
18,038

 
5.25
%
 
1,838,748

 
6.41
%
Consumer loans:
 
 
 
 
 
 
 
 
 
 
 

Residential mortgage
711,522

 
4.06
%
 
102,723

 
4.40
%
 
814,245

 
4.10
%
Home equity
343,247

 
4.41
%
 
33,572

 
4.93
%
 
376,819

 
4.46
%
Other consumer
38,674

 
4.44
%
 
108

 
17.91
%
 
38,782

 
4.48
%
Total consumer loans
1,093,443

 
4.18
%
 
136,403

 
4.54
%
 
1,229,846

 
4.22
%
Total loans and leases
$
6,449,687

 
4.89
%
 
$
288,129

 
4.67
%
 
$
6,737,816

 
4.88
%

Schedule of activity in the accretable yield for acquired loan portfolio
The following table summarizes activity in the accretable yield for the acquired loan portfolio for the periods indicated:
 

Three Months Ended March 31, 2019
 
 
 
Balance at beginning of period
 
$
7,905

Accretion
 
(800
)
Reclassification from nonaccretable difference as a result of changes in expected cash flows
 
61

Balance at end of period
 
$
7,166