CHFC 2018 Annual Report

The following schedules present impaired loans by classes of loans at December 31, 2018 and December 31, 2017: (Dollars in thousands) Recorded investment Unpaid principal balance Related valuation allowance December 31, 2018 Impaired loans with a valuation allowance: Commercial $ 20,957 $ 23,781 $ 3,546 Commercial real estate: Owner-occupied 14,702 16,519 1,359 Non-owner occupied 16,833 17,452 462 Vacant land 1,008 1,208 96 Total commercial real estate 32,543 35,179 1,917 Real estate construction and land development 126 126 11 Residential mortgage 10,867 10,867 816 Consumer installment 1,126 1,126 186 Home equity 4,432 4,432 328 Subtotal 70,051 75,511 6,804 Impaired loans with no related valuation allowance: Commercial 25,093 25,934 — Commercial real estate: Owner-occupied 10,971 11,601 — Non-owner occupied 12,412 13,411 — Vacant land 2,825 3,911 — Total commercial real estate 26,208 28,923 — Real estate construction and land development 111 111 — Residential mortgage 7,537 7,537 — Consumer installment 377 377 — Home equity 1,496 1,496 — Subtotal 60,822 64,378 — Total impaired loans: Commercial 46,050 49,715 3,546 Commercial real estate: Owner-occupied 25,673 28,120 1,359 Non-owner occupied 29,245 30,863 462 Vacant land 3,833 5,119 96 Total commercial real estate 58,751 64,102 1,917 Real estate construction and land development 237 237 11 Residential mortgage 18,404 18,404 816 Consumer installment 1,503 1,503 186 Home equity 5,928 5,928 328 Total $ 130,873 $ 139,889 $ 6,804 Chemical Financial Corporation Notes to Consolidated Financial Statements December 31, 2018 124