CHFC 2018 Annual Report

implemented through strong administrative and reporting controls. We maintain a centralized independent loan review function that monitors the approval process and ongoing asset quality of our loan portfolio. Total loans were $15.27 billion at December 31, 2018, an increase of $1.11 billion, or 7.9%, from total loans of $14.16 billion at December 31, 2017. The increase in total loans during 2018 was attributable to originated loan growth of $2.10 billion, or 21.5%, partially offset by run-off in the acquired loan portfolio of $982.8 million. Total loans increased $1.16 billion, or 9.0%, during 2017, from total loans of $12.99 billion at December 31, 2016, resulting from originated loan growth of $2.29 billion, or 30.7%, partially offset by run-off in the acquired loan portfolio of $1.12 billion. The following table includes the composition of our loan portfolio, by major loan category, as of December 31 for each of the past five years. (Dollars in thousands) 2018 2017 2016 2015 2014 Commercial loan portfolio: Commercial $ 4,002,568 $ 3,385,642 $ 3,217,300 $ 1,905,879 $ 1,354,881 Commercial real estate: Owner-occupied 2,059,557 1,813,562 1,697,238 1,073,463 825,372 Non-owner occupied 2,785,020 2,606,761 2,217,594 982,280 690,018 Vacant land 67,510 80,347 58,308 56,419 42,258 Total commercial real estate 4,912,087 4,500,670 3,973,140 2,112,162 1,557,648 Real estate construction and land development 597,212 574,215 403,772 232,076 171,495 Subtotal — commercial loan portfolio 9,511,867 8,460,527 7,594,212 4,250,117 3,084,024 Consumer loan portfolio: Residential mortgage 3,458,666 3,252,487 3,086,474 1,429,636 1,110,390 Consumer installment 1,521,074 1,613,008 1,433,884 877,457 829,570 Home equity 778,172 829,245 876,209 713,937 664,246 Subtotal — consumer loan portfolio 5,757,912 5,694,740 5,396,567 3,021,030 2,604,206 Total loans $ 15,269,779 $ 14,155,267 $ 12,990,779 $ 7,271,147 $ 5,688,230 A discussion of our loan portfolio by category follows. Commercial Loan Portfolio Our commercial loan portfolio is comprised of commercial loans, commercial real estate loans (which includes owner- occupied, non-owner occupied and vacant land), real estate construction loans and land development loans. Our commercial loan portfolio is well diversified across business lines and has no concentration in any one industry. The commercial loan portfolio of $9.51 billion at December 31, 2018 included 180 loan relationships of $10.0 million or greater. These 180 loan relationships totaled $3.92 billion, which represented 41.2% of the commercial loan portfolio at December 31, 2018 and included 102 loan relationships that had outstanding balances of $15.0 million or higher, totaling $2.97 billion, or 31.2% of the commercial loan portfolio, at that date. We had 63 loan relationships that had outstanding balances of $20.0 million or higher, totaling $2.29 billion, or 24.1% of the commercial loan portfolio, at December 31, 2018. We had 28 loan relationships at December 31, 2018 with loan balances greater than $10.0 million and less than $15.0 million, totaling $366.2 million, that had unfunded credit commitments totaling $188.6 million that, if advanced, could result in a loan relationship of $15.0 million or more. The following table presents the contractual maturities of our $9.51 billion commercial loan portfolio at December 31, 2018. Commercial loans at fixed interest rates comprised 51.1% of our total commercial loan portfolio at December 31, 2018, compared to 56.8% at December 31, 2017. The percentage of these loans maturing within one year was 21.4% at December 31, 2018, while the percentage of these loans maturing beyond five years was 22.8% at December 31, 2018. At December 31, 2018, loans in the commercial loan portfolio with maturities beyond one year totaled $7.48 billion, with 56.6% of these loans at fixed interest rates. 54