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ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES (Tables)
 9 Months Ended
Sep. 30, 2022
Allowance for Credit Loss [Abstract]  
Allowance For Credit Losses On Financing Receivables Table [Text Block]
The following tables present the activity in the ACL for loans and finance leases by portfolio
 
segment for the indicated periods:
Residential
Mortgage Loans
Construction Loans
Commercial
Mortgage
Commercial &
Industrial Loans
Consumer Loans
Total
Quarter Ended September 30, 2022
(In thousands)
ACL:
Beginning balance
$
65,231
$
2,020
$
32,619
$
36,203
$
116,079
$
252,152
Provision for credit losses - expense (benefit)
755
(179)
(2,383)
(1,228)
17,387
14,352
Charge-offs
 
(1,466)
(63)
(3)
(8)
(12,522)
(14,062)
Recoveries
559
43
57
494
4,264
5,417
Ending balance
$
65,079
$
1,821
$
30,290
$
35,461
$
125,208
$
257,859
Residential
Mortgage Loans
Construction Loans
Commercial
Mortgage
Commercial &
Industrial Loans
Consumer Loans
Total
Nine-Month Period Ended September 30, 2022
(In thousands)
ACL:
Beginning balance
$
74,837
$
4,048
$
52,771
$
34,284
$
103,090
$
269,030
Provision for credit losses - (benefit) expense
(6,913)
(2,242)
(23,758)
(575)
43,516
10,028
Charge-offs
 
(6,073)
(123)
(42)
(366)
(32,765)
(39,369)
Recoveries
3,228
138
1,319
2,118
11,367
18,170
Ending balance
$
65,079
$
1,821
$
30,290
$
35,461
$
125,208
$
257,859
Residential
Mortgage Loans
Construction Loans
Commercial
Mortgage Loans
Commercial &
Industrial Loans
Consumer Loans
Total
Quarter Ended September 30, 2021
(In thousands)
ACL:
Beginning balance
$
112,882
$
4,757
$
72,452
$
37,470
$
97,397
$
324,958
Provision for credit losses - (benefit) expense
(6,206)
527
(4,660)
(4,449)
6,054
(8,734)
Charge-offs
(25,418)
(7)
(429)
(167)
(8,345)
(34,366)
Recoveries
1,968
42
43
494
3,955
6,502
Ending balance
$
83,226
$
5,319
$
67,406
$
33,348
$
99,061
$
288,360
Residential
Mortgage Loans
Construction Loans
Commercial
Mortgage Loans
Commercial &
Industrial Loans
Consumer Loans
Total
Nine-Month Period Ended September 30, 2021
(In thousands)
ACL:
Beginning balance
$
120,311
$
5,380
$
109,342
$
37,944
$
112,910
$
385,887
Provision for credit losses - (benefit) expense
 
(9,556)
(125)
(40,779)
(10,187)
11,168
(49,479)
Charge-offs
(31,170)
(52)
(1,304)
(1,036)
(34,904)
(68,466)
Recoveries
3,641
116
147
6,627
9,887
20,418
Ending balance
$
83,226
$
5,319
$
67,406
$
33,348
$
99,061
$
288,360
The tables below present the ACL related to loans and finance leases and the carrying
 
value of loans by portfolio segment as of
September 30, 2022 and December 31, 2021:
Residential
Mortgage Loans
Construction Loans
Commercial
Mortgage Loans
Commercial and
Industrial Loans
(1)
Consumer Loans
Total
As of September 30, 2022
(Dollars in thousands)
Total loans held for investment:
Amortized cost of loans
$
2,830,974
$
123,994
$
2,265,614
$
2,858,286
$
3,219,750
$
11,298,618
Allowance for credit losses
65,079
1,821
30,290
35,461
125,208
257,859
Allowance for credit losses to
 
amortized cost
2.30
%
1.47
%
1.34
%
1.24
%
3.89
%
2.28
%
As of December 31, 2021
Residential
Mortgage Loans
Construction Loans
Commercial
Mortgage Loans
Commercial and
Industrial Loans
(1)
Consumer Loans
Total
(Dollars in thousands)
Total loans held for investment:
Amortized cost of loans
$
2,978,895
$
138,999
$
2,167,469
$
2,887,251
$
2,888,044
11,060,658
Allowance for credit losses
74,837
4,048
52,771
34,284
103,090
269,030
Allowance for credit losses to
amortized cost
2.51
%
2.91
%
2.43
%
1.19
%
3.57
%
2.43
%
(1)
As of September 30, 2022 and December 31, 2021, includes $
17.9
 
million and $
145.0
 
million of SBA PPP loans, respectively, which require no ACL as these loans are 100% guaranteed by the SBA.
Quarter Ended
Nine-Month Period Ended
September 30,
September 30,
2022
2021
2022
2021
(In thousands)
Beginning Balance
$
2,171
$
2,730
$
1,537
$
5,105
Provision for credit losses - expense (benefit)
2,071
(971)
2,705
(3,346)
Ending balance
$
4,242
$
1,759
$
4,242
$
1,759