CHFC 2018 Annual Report

A summary of nonperforming assets follows: December 31, (Dollars in thousands) 2018 2017 Nonperforming assets Nonaccrual loans: Commercial $ 30,139 $ 19,691 Commercial real estate: Owner-occupied 16,056 19,070 Non-owner occupied 23,021 5,270 Vacant land 3,337 5,205 Total commercial real estate 42,414 29,545 Real estate construction and land development 12 77 Residential mortgage 7,988 8,635 Consumer installment 1,276 842 Home equity 3,604 4,305 Total nonaccrual loans 85,433 63,095 Other real estate owned and repossessed assets 6,256 8,807 Total nonperforming assets $ 91,689 $ 71,902 TheCorporation's nonaccrual loans at December 31, 2018 and 2017 included $28.1million and $29.1million, respectively, of nonaccrual TDRs. There was no interest income recognized on nonaccrual loans during 2018, 2017 and 2016 while the loans were in nonaccrual status. During 2018, 2017 and 2016, theCorporation recognized $2.1million, $1.3million and $0.4million, respectively, of interest income on these loans while they were in an accruing status. Additional interest income that would have been recorded on nonaccrual loans had they been current in accordance with their original terms was $4.8 million in 2018, $3.1 million in 2017 and $2.9 million in 2016. During 2018, 2017 and 2016, the Corporation recognized interest income of $2.7 million, $2.6 million and $3.9 million, respectively, on performing TDRs. The Corporation had $4.5 million of residential mortgage loans that were in the process of foreclosure at December 31, 2018, compared to $4.2 million at December 31, 2017. Chemical Financial Corporation Notes to Consolidated Financial Statements December 31, 2018 122