CHFC 2017 Annual Report

in thousands) Recorded investment Unpaid principal balance Related valuation allowance December 31, 2016 Impaired loans with a valuation allowance: Commercial $ 28,925 $ 33,209 $ 3,128 Commercial real estate 21,318 27,558 2,102 Real estate construction and land development 177 177 4 Residential mortgage 20,864 20,864 3,528 Consumer installment 879 879 240 Home equity 2,577 2,577 390 Subtotal 74,740 85,264 9,392 Impaired loans with no related valuation allowance: Commercial 7,435 11,153 — Commercial real estate 20,588 23,535 — Real estate construction and land development 80 80 — Residential mortgage 3,252 3,252 — Consumer installment — — — Home equity 774 774 — Subtotal 32,129 38,794 — Total impaired loans: Commercial 36,360 44,362 3,128 Commercial real estate 41,906 51,093 2,102 Real estate construction and land development 257 257 4 Residential mortgage 24,116 24,116 3,528 Consumer installment 879 879 240 Home equity 3,351 3,351 390 Total $ 106,869 $ 124,058 $ 9,392 Chemical Financial Corporation Notes to Consolidated Financial Statements December 31, 2017 121