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Loans and Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Receivables [Abstract] |
Loan Portfolio | The various categories of loans are summarized as follows:
| September 30, |  | December 31,
(In thousands) | 2020 |  | 2019
Consumer: |  |  |
Credit cards | $ | 172,880 |  |  | $ | 204,802 |
Other consumer | 190,736 |  |  | 249,195 |
Total consumer | 363,616 |  |  | 453,997 |
Real Estate: |  |  |
Construction and development | 1,853,360 |  |  | 2,248,673 |
Single family residential | 1,997,070 |  |  | 2,414,753 |
Other commercial | 6,132,823 |  |  | 6,358,514 |
Total real estate | 9,983,253 |  |  | 11,021,940 |
Commercial: |  |  |
Commercial | 2,907,798 |  |  | 2,451,119 |
Agricultural | 241,687 |  |  | 191,525 |
Total commercial | 3,149,485 |  |  | 2,642,644 |
Other | 521,088 |  |  | 307,123 |
Total loans | $ | 14,017,442 |  |  | $ | 14,425,704 |
Nonaccrual Loans | The amortized cost basis of nonaccrual loans segregated by class of loans are as follows:
| September 30, |  | December 31,
(In thousands) | 2020 |  | 2019
Consumer: |  |  |
Credit cards | $ | 253 |  |  | $ | 382 |
Other consumer | 1,371 |  |  | 1,705 |
Total consumer | 1,624 |  |  | 2,087 |
Real estate: |  |  |
Construction and development | 3,806 |  |  | 5,289 |
Single family residential | 31,080 |  |  | 27,695 |
Other commercial | 80,427 |  |  | 16,582 |
Total real estate | 115,313 |  |  | 49,566 |
Commercial: |  |  |
Commercial | 50,239 |  |  | 40,924 |
Agricultural | 537 |  |  | 753 |
Total commercial | 50,776 |  |  | 41,677 |
Total | $ | 167,713 |  |  | $ | 93,330 |
Past Due Loans | An age analysis of the amortized cost basis of past due loans, including nonaccrual loans, segregated by class of loans is as follows:
(In thousands) | Gross 30-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Current |  | Total Loans |  | 90 Days Past Due & Accruing
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 672 |  |  | $ | 262 |  |  | $ | 934 |  |  | $ | 171,946 |  |  | $ | 172,880 |  |  | $ | 95 |
Other consumer | 2,302 |  |  | 391 |  |  | 2,693 |  |  | 188,043 |  |  | 190,736 |  |  | 6 |
Total consumer | 2,974 |  |  | 653 |  |  | 3,627 |  |  | 359,989 |  |  | 363,616 |  |  | 101 |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Construction and development | 1,168 |  |  | 2,526 |  |  | 3,694 |  |  | 1,849,666 |  |  | 1,853,360 |  |  | — |
Single family residential | 12,170 |  |  | 14,522 |  |  | 26,692 |  |  | 1,970,378 |  |  | 1,997,070 |  |  | 64 |
Other commercial | 5,115 |  |  | 11,885 |  |  | 17,000 |  |  | 6,115,823 |  |  | 6,132,823 |  |  | 2 |
Total real estate | 18,453 |  |  | 28,933 |  |  | 47,386 |  |  | 9,935,867 |  |  | 9,983,253 |  |  | 66 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial | 6,984 |  |  | 5,824 |  |  | 12,808 |  |  | 2,894,990 |  |  | 2,907,798 |  |  | 7 |
Agricultural | 290 |  |  | 328 |  |  | 618 |  |  | 241,069 |  |  | 241,687 |  |  | — |
Total commercial | 7,274 |  |  | 6,152 |  |  | 13,426 |  |  | 3,136,059 |  |  | 3,149,485 |  |  | 7 |
Other | — |  |  | — |  |  | — |  |  | 521,088 |  |  | 521,088 |  |  | — |
Total | $ | 28,701 |  |  | $ | 35,738 |  |  | $ | 64,439 |  |  | $ | 13,953,003 |  |  | $ | 14,017,442 |  |  | $ | 174 |
(In thousands) | Gross 30-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Current |  | Total Loans |  | 90 Days Past Due & Accruing
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 848 |  |  | $ | 641 |  |  | $ | 1,489 |  |  | $ | 203,313 |  |  | $ | 204,802 |  |  | $ | 259 |
Other consumer | 4,884 |  |  | 735 |  |  | 5,619 |  |  | 243,576 |  |  | 249,195 |  |  | — |
Total consumer | 5,732 |  |  | 1,376 |  |  | 7,108 |  |  | 446,889 |  |  | 453,997 |  |  | 259 |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Construction and development | 5,792 |  |  | 1,078 |  |  | 6,870 |  |  | 2,241,803 |  |  | 2,248,673 |  |  | — |
Single family residential | 26,318 |  |  | 13,789 |  |  | 40,107 |  |  | 2,374,646 |  |  | 2,414,753 |  |  | 597 |
Other commercial | 7,645 |  |  | 6,450 |  |  | 14,095 |  |  | 6,344,419 |  |  | 6,358,514 |  |  | — |
Total real estate | 39,755 |  |  | 21,317 |  |  | 61,072 |  |  | 10,960,868 |  |  | 11,021,940 |  |  | 597 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial | 10,579 |  |  | 13,551 |  |  | 24,130 |  |  | 2,426,989 |  |  | 2,451,119 |  |  | — |
Agricultural | 1,223 |  |  | 456 |  |  | 1,679 |  |  | 189,846 |  |  | 191,525 |  |  | — |
Total commercial | 11,802 |  |  | 14,007 |  |  | 25,809 |  |  | 2,616,835 |  |  | 2,642,644 |  |  | — |
Other | — |  |  | — |  |  | — |  |  | 307,123 |  |  | 307,123 |  |  | — |
Total | $ | 57,289 |  |  | $ | 36,700 |  |  | $ | 93,989 |  |  | $ | 14,331,715 |  |  | $ | 14,425,704 |  |  | $ | 856 |
Impaired Financing Receivables | The following table presents information pertaining to impaired loans as of December 31, 2019, in accordance with previous US GAAP prior to the adoption of ASU 2016-13.
(In thousands) | Unpaid Contractual Principal Balance |  | Recorded Investment With No Allowance |  | Recorded Investment With Allowance |  | Total Recorded Investment |  | Related Allowance |  | Average Investment in Impaired Loans |  | Interest Income Recognized |  | Average Investment in Impaired Loans |  | Interest Income Recognized
December 31, 2019 |  |  |  |  |  |  |  |  |  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 382 |  |  | $ | 382 |  |  | $ | — |  |  | $ | 382 |  |  | $ | — |  |  | $ | 423 |  |  | $ | 40 |  |  | $ | 370 |  |  | $ | 110 |
Other consumer | 1,537 |  |  | 1,378 |  |  | — |  |  | 1,378 |  |  | — |  |  | 1,603 |  |  | 9 |  |  | 1,730 |  |  | 33 |
Total consumer | 1,919 |  |  | 1,760 |  |  | — |  |  | 1,760 |  |  | — |  |  | 2,026 |  |  | 49 |  |  | 2,100 |  |  | 143 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and development | 4,648 |  |  | 4,466 |  |  | 72 |  |  | 4,538 |  |  | 4 |  |  | 1,972 |  |  | 10 |  |  | 1,946 |  |  | 38 |
Single family residential | 19,466 |  |  | 15,139 |  |  | 2,963 |  |  | 18,102 |  |  | 42 |  |  | 15,920 |  |  | 85 |  |  | 14,812 |  |  | 287 |
Other commercial | 10,645 |  |  | 4,713 |  |  | 3,740 |  |  | 8,453 |  |  | 694 |  |  | 11,739 |  |  | 77 |  |  | 10,365 |  |  | 201 |
Total real estate | 34,759 |  |  | 24,318 |  |  | 6,775 |  |  | 31,093 |  |  | 740 |  |  | 29,631 |  |  | 172 |  |  | 27,123 |  |  | 526 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | 53,436 |  |  | 6,582 |  |  | 28,998 |  |  | 35,580 |  |  | 5,007 |  |  | 32,020 |  |  | 176 |  |  | 26,379 |  |  | 511 |
Agricultural | 525 |  |  | 383 |  |  | 116 |  |  | 499 |  |  | — |  |  | 873 |  |  | 3 |  |  | 1,010 |  |  | 20 |
Total commercial | 53,961 |  |  | 6,965 |  |  | 29,114 |  |  | 36,079 |  |  | 5,007 |  |  | 32,893 |  |  | 179 |  |  | 27,389 |  |  | 531 |
Total | $ | 90,639 |  |  | $ | 33,043 |  |  | $ | 35,889 |  |  | $ | 68,932 |  |  | $ | 5,747 |  |  | $ | 64,550 |  |  | $ | 400 |  |  | $ | 56,612 |  |  | $ | 1,200 |
Troubled Debt Restructuring | The following table summarizes these modified loans due to COVID-19 by industry.
(Dollars in thousands) | Number |  | Balance
Real Estate Rental and Leasing | 1,162 |  | $ | 1,263,884 |
Accommodation and Food Services | 386 |  | 845,803 |
Health Care and Social Assistance | 226 |  | 278,200 |
Construction | 186 |  | 190,337 |
Retail Trade | 145 |  | 130,498 |
Other Services (Except Public Administration) | 131 |  | 58,169 |
Other | 1,720 |  | 444,053 |
Total | 3,956 |  | $ | 3,210,944 |
The following table presents a summary of TDRs segregated by class of loans.
| Accruing TDR Loans |  | Nonaccrual TDR Loans |  | Total TDR Loans
(Dollars in thousands) | Number |  | Balance |  | Number |  | Balance |  | Number |  | Balance
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 31 |  |  | $ | 2,700 |  |  | 18 |  |  | $ | 3,008 |  |  | 49 |  |  | $ | 5,708 |
Other commercial | 1 |  |  | 49 |  |  | 1 |  |  | 15 |  |  | 2 |  |  | 64 |
Total real estate | 32 |  |  | 2,749 |  |  | 19 |  |  | 3,023 |  |  | 51 |  |  | 5,772 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial | 3 |  |  | 630 |  |  | 3 |  |  | 2,154 |  |  | 6 |  |  | 2,784 |
Total commercial | 3 |  |  | 630 |  |  | 3 |  |  | 2,154 |  |  | 6 |  |  | 2,784 |
Total | 35 |  |  | $ | 3,379 |  |  | 22 |  |  | $ | 5,177 |  |  | 57 |  |  | $ | 8,556 |
| Accruing TDR Loans |  | Nonaccrual TDR Loans |  | Total TDR Loans
(Dollars in thousands) | Number |  | Balance |  | Number |  | Balance |  | Number |  | Balance
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Construction and development | — |  |  | $ | — |  |  | 1 |  |  | $ | 72 |  |  | 1 |  |  | $ | 72 |
Single-family residential | 25 |  |  | 2,627 |  |  | 20 |  |  | 1,330 |  |  | 45 |  |  | 3,957 |
Other commercial | 1 |  |  | 476 |  |  | 2 |  |  | 80 |  |  | 3 |  |  | 556 |
Total real estate | 26 |  |  | 3,103 |  |  | 23 |  |  | 1,482 |  |  | 49 |  |  | 4,585 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial | 4 |  |  | 2,784 |  |  | 3 |  |  | 79 |  |  | 7 |  |  | 2,863 |
Total commercial | 4 |  |  | 2,784 |  |  | 3 |  |  | 79 |  |  | 7 |  |  | 2,863 |
Total | 30 |  |  | $ | 5,887 |  |  | 26 |  |  | $ | 1,561 |  |  | 56 |  |  | $ | 7,448 |
The following table presents loans that were restructured as TDRs during the nine months ended September 30, 2020 and the three and nine months ended September 30, 2019 segregated by class of loans. There were no loans restructured as TDRs during the three months ended September 30, 2020.
(Dollars in thousands) | Number of loans |  | Balance Prior to TDR |  | Balance at September 30, |  | Change in Maturity Date |  | Change in Rate |  | Financial Impact on Date of Restructure
Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 5 |  |  | $ | 1,948 |  |  | $ | 1,896 |  |  | $ | 1,896 |  |  | $ | — |  |  | $ | — |
Total real estate | 5 |  |  | $ | 1,948 |  |  | $ | 1,896 |  |  | $ | 1,896 |  |  | $ | — |  |  | $ | — |
Three and Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 1 |  |  | $ | 330 |  |  | $ | 330 |  |  | $ | 330 |  |  | $ | — |  |  | $ | — |
Total real estate | 1 |  |  | $ | 330 |  |  | $ | 330 |  |  | $ | 330 |  |  | $ | — |  |  | $ | — |
Loans by Credit Risk Ratings | The following table presents a summary of loans by credit quality indicator, other than pass or current, as of September 30, 2020 segregated by class of loans.
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
(In thousands) | 2020 (YTD) |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | 2015 and Prior |  | Lines of Credit (“LOC”) Amortized Cost Basis |  | LOC Converted to Term Loans Amortized Cost Basis |  | Total
Consumer - credit cards |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
30-89 days past due | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 672 |  |  | $ | — |  |  | $ | 672 |
90+ days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 262 |  |  | — |  |  | 262 |
Total consumer - credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 934 |  |  | — |  |  | 934 |
Consumer - other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
30-89 days past due | 213 |  |  | 404 |  |  | 344 |  |  | 634 |  |  | 505 |  |  | 124 |  |  | 78 |  |  | — |  |  | 2,302 |
90+ days past due | 4 |  |  | 55 |  |  | 72 |  |  | 94 |  |  | 48 |  |  | 8 |  |  | 110 |  |  | — |  |  | 391 |
Total consumer - other | 217 |  |  | 459 |  |  | 416 |  |  | 728 |  |  | 553 |  |  | 132 |  |  | 188 |  |  | — |  |  | 2,693 |
Real estate - C&D |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 504 |  |  | 357 |  |  | 173 |  |  | 2,171 |  |  | 19 |  |  | 238 |  |  | 4,707 |  |  | — |  |  | 8,169 |
6 internal grade | 244 |  |  | 2,127 |  |  | 447 |  |  | 539 |  |  | 366 |  |  | 570 |  |  | 579 |  |  | — |  |  | 4,872 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total real estate - C&D | 748 |  |  | 2,484 |  |  | 620 |  |  | 2,710 |  |  | 385 |  |  | 808 |  |  | 5,286 |  |  | — |  |  | 13,041 |
Real estate - SF residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
30-89 days past due | 1,080 |  |  | 1,417 |  |  | 1,602 |  |  | 1,686 |  |  | 1,395 |  |  | 3,365 |  |  | 1,625 |  |  | — |  |  | 12,170 |
90+ days past due | 26 |  |  | 2,308 |  |  | 2,873 |  |  | 2,438 |  |  | 918 |  |  | 3,743 |  |  | 2,217 |  |  | — |  |  | 14,523 |
Total real estate - SF residential | 1,106 |  |  | 3,725 |  |  | 4,475 |  |  | 4,124 |  |  | 2,313 |  |  | 7,108 |  |  | 3,842 |  |  | — |  |  | 26,693 |
Real estate - other commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 17,230 |  |  | 4,973 |  |  | 24,463 |  |  | 14,997 |  |  | 1,744 |  |  | 10,844 |  |  | 61,045 |  |  | 16,005 |  |  | 151,301 |
6 internal grade | 29,267 |  |  | 9,544 |  |  | 13,940 |  |  | 5,751 |  |  | 15,069 |  |  | 10,114 |  |  | 54,571 |  |  | 48,444 |  |  | 186,700 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |
Total real estate - other commercial | 46,497 |  |  | 14,517 |  |  | 38,403 |  |  | 20,748 |  |  | 16,813 |  |  | 20,958 |  |  | 115,616 |  |  | 64,449 |  |  | 338,001 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 914 |  |  | 1,255 |  |  | 1,662 |  |  | 896 |  |  | 332 |  |  | 14 |  |  | 45,106 |  |  | 569 |  |  | 50,748 |
6 internal grade | 7,062 |  |  | 3,434 |  |  | 19,418 |  |  | 2,407 |  |  | 1,232 |  |  | 1,077 |  |  | 51,387 |  |  | 522 |  |  | 86,539 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial | 7,976 |  |  | 4,689 |  |  | 21,080 |  |  | 3,303 |  |  | 1,564 |  |  | 1,091 |  |  | 96,493 |  |  | 1,091 |  |  | 137,287 |
Commercial - agriculture |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 35 |  |  | 83 |  |  | 14 |  |  | 325 |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 491 |
6 internal grade | 72 |  |  | 140 |  |  | 166 |  |  | 53 |  |  | 42 |  |  | 10 |  |  | 83 |  |  | — |  |  | 566 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial - agriculture | 107 |  |  | 223 |  |  | 180 |  |  | 378 |  |  | 42 |  |  | 10 |  |  | 117 |  |  | — |  |  | 1,057 |
Total | $ | 56,651 |  |  | $ | 26,097 |  |  | $ | 65,174 |  |  | $ | 31,991 |  |  | $ | 21,670 |  |  | $ | 30,107 |  |  | $ | 222,476 |  |  | $ | 65,540 |  |  | $ | 519,706 |
The following table presents a summary of loans by credit risk rating as of December 31, 2019 segregated by class of loans.
(In thousands) |  | Risk Rate 1-4 |  | Risk Rate 5 |  | Risk Rate 6 |  | Risk Rate 7 |  | Risk Rate 8 |  | Total
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | $ | 204,161 |  |  | $ | — |  |  | $ | 641 |  |  | $ | — |  |  | $ | — |  |  | $ | 204,802 |
Other consumer |  | 247,668 |  |  | — |  |  | 2,026 |  |  | — |  |  | — |  |  | 249,694 |
Total consumer |  | 451,829 |  |  | — |  |  | 2,667 |  |  | — |  |  | — |  |  | 454,496 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  | 2,229,019 |  |  | 70 |  |  | 7,735 |  |  | — |  |  | 37 |  |  | 2,236,861 |
Single family residential |  | 2,394,284 |  |  | 6,049 |  |  | 41,601 |  |  | 130 |  |  | — |  |  | 2,442,064 |
Other commercial |  | 6,068,425 |  |  | 69,745 |  |  | 67,429 |  |  | — |  |  | — |  |  | 6,205,599 |
Total real estate |  | 10,691,728 |  |  | 75,864 |  |  | 116,765 |  |  | 130 |  |  | 37 |  |  | 10,884,524 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 2,384,263 |  |  | 26,713 |  |  | 84,317 |  |  | 43 |  |  | 180 |  |  | 2,495,516 |
Agricultural |  | 309,741 |  |  | 41 |  |  | 5,672 |  |  | — |  |  | — |  |  | 315,454 |
Total commercial |  | 2,694,004 |  |  | 26,754 |  |  | 89,989 |  |  | 43 |  |  | 180 |  |  | 2,810,970 |
Other |  | 275,714 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 275,714 |
Total |  | $ | 14,113,275 |  |  | $ | 102,618 |  |  | $ | 209,421 |  |  | $ | 173 |  |  | $ | 217 |  |  | $ | 14,425,704 |
Allowance for Loan Losses | The collateral securing these loans consist of commercial real estate properties, residential properties, other business assets, and secured energy production assets.
(In thousands) | Real Estate Collateral |  | Energy |  | Other Collateral |  | Total
Construction and development | $ | 1,538 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,538 |
Single family residential | 6,722 |  |  | — |  |  | — |  |  | 6,722 |
Other commercial real estate | 40,358 |  |  | — |  |  | — |  |  | 40,358 |
Commercial | — |  |  | 19,100 |  |  | 4,009 |  |  | 23,109 |
Total | $ | 48,618 |  |  | $ | 19,100 |  |  | $ | 4,009 |  |  | $ | 71,727 |
The following table details activity in the allowance for credit losses by portfolio segment for loans for the three and nine months ended September 30, 2020. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
(In thousands) | Commercial |  | Real Estate |  | Credit Card |  | Other Consumer and Other |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |
Beginning balance, July 1, 2020 | $ | 59,138 |  |  | $ | 149,471 |  |  | $ | 10,979 |  |  | $ | 12,055 |  |  | $ | 231,643 |
Provision for credit loss expense | (6,499) |  |  | 33,479 |  |  | (1,823) |  |  | (2,844) |  |  | 22,313 |
Charge-offs | (4,327) |  |  | (1,153) |  |  | (832) |  |  | (1,091) |  |  | (7,403) |
Recoveries | 936 |  |  | 120 |  |  | 276 |  |  | 366 |  |  | 1,698 |
Net charge-offs | (3,391) |  |  | (1,033) |  |  | (556) |  |  | (725) |  |  | (5,705) |
Ending balance, September 30, 2020 | $ | 49,248 |  |  | $ | 181,917 |  |  | $ | 8,600 |  |  | $ | 8,486 |  |  | $ | 248,251 |
(In thousands) | Commercial |  | Real Estate |  | Credit Card |  | Other Consumer and Other |  | Total
Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |
Beginning balance, January 1, 2020 - prior to adoption of CECL | $ | 22,863 |  |  | $ | 39,161 |  |  | $ | 4,051 |  |  | $ | 2,169 |  |  | $ | 68,244 |
Impact of CECL adoption | 22,733 |  |  | 114,314 |  |  | 2,232 |  |  | 12,098 |  |  | 151,377 |
Provision for credit loss expense | 42,808 |  |  | 31,341 |  |  | 4,870 |  |  | (3,829) |  |  | 75,190 |
Charge-offs | (40,537) |  |  | (3,373) |  |  | (3,326) |  |  | (3,062) |  |  | (50,298) |
Recoveries | 1,381 |  |  | 474 |  |  | 773 |  |  | 1,110 |  |  | 3,738 |
Net charge-offs | (39,156) |  |  | (2,899) |  |  | (2,553) |  |  | (1,952) |  |  | (46,560) |
Ending balance, September 30, 2020 | $ | 49,248 |  |  | $ | 181,917 |  |  | $ | 8,600 |  |  | $ | 8,486 |  |  | $ | 248,251 |
Activity in the allowance for credit losses for the three and nine months ended September 30, 2019 was as follows:
(In thousands) | Commercial |  | Real Estate |  | Credit Card |  | Other Consumer and Other |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |
Beginning balance, July 1, 2019 | $ | 21,354 |  |  | $ | 36,493 |  |  | $ | 3,951 |  |  | $ | 2,381 |  |  | $ | 64,179 |
Provision for credit losses | 19,150 |  |  | 2,405 |  |  | 946 |  |  | (528) |  |  | 21,973 |
Charge-offs | (17,778) |  |  | (1,367) |  |  | (1,117) |  |  | (1,065) |  |  | (21,327) |
Recoveries | 65 |  |  | 55 |  |  | 223 |  |  | 1,422 |  |  | 1,765 |
Net (charge-offs) recoveries | (17,713) |  |  | (1,312) |  |  | (894) |  |  | 357 |  |  | (19,562) |
Ending balance, September 30, 2019 | $ | 22,791 |  |  | $ | 37,586 |  |  | $ | 4,003 |  |  | $ | 2,210 |  |  | $ | 66,590 |
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |
Beginning balance, January 1, 2019 | $ | 20,514 |  |  | $ | 29,838 |  |  | $ | 3,923 |  |  | $ | 2,419 |  |  | $ | 56,694 |
Provision for credit losses | 23,980 |  |  | 10,393 |  |  | 2,644 |  |  | 1,320 |  |  | 38,337 |
Charge-offs | (22,893) |  |  | (3,000) |  |  | (3,298) |  |  | (3,582) |  |  | (32,773) |
Recoveries | 1,190 |  |  | 355 |  |  | 734 |  |  | 2,053 |  |  | 4,332 |
Net charge-offs | (21,703) |  |  | (2,645) |  |  | (2,564) |  |  | (1,529) |  |  | (28,441) |
Ending balance, September 30, 2019 | $ | 22,791 |  |  | $ | 37,586 |  |  | $ | 4,003 |  |  | $ | 2,210 |  |  | $ | 66,590 |

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