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Loans and Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2020
Receivables [Abstract] |
Schedule of Categories of Loans | The various categories of loans are summarized as follows:
(In thousands) | 2020 |  | 2019
Consumer: |  |  |
Credit cards | $ | 180,354 |  |  | $ | 204,802 |
Other consumer | 210,870 |  |  | 249,694 |
Total consumer | 391,224 |  |  | 454,496 |
Real estate: |  |  |
Construction and development | 1,596,255 |  |  | 2,236,861 |
Single family residential | 1,880,673 |  |  | 2,442,064 |
Other commercial | 5,746,863 |  |  | 6,205,599 |
Total real estate | 9,223,791 |  |  | 10,884,524 |
Commercial: |  |  |
Commercial | 2,574,386 |  |  | 2,495,516 |
Agricultural | 175,905 |  |  | 315,454 |
Total commercial | 2,750,291 |  |  | 2,810,970 |
Other | 535,591 |  |  | 275,714 |
Total loans | $ | 12,900,897 |  |  | $ | 14,425,704 |
Schedule of Nonaccrual Loans, Excluding Loans Acquired | The amortized cost basis of nonaccrual loans segregated by class of loans are as follows:
(In thousands) | 2020 |  | 2019
Consumer: |  |  |
Credit cards | $ | 301 |  |  | $ | 382 |
Other consumer | 1,219 |  |  | 1,705 |
Total consumer | 1,520 |  |  | 2,087 |
Real estate: |  |  |
Construction and development | 3,625 |  |  | 5,289 |
Single family residential | 28,062 |  |  | 27,695 |
Other commercial | 24,155 |  |  | 16,582 |
Total real estate | 55,842 |  |  | 49,566 |
Commercial: |  |  |
Commercial | 65,244 |  |  | 40,924 |
Agricultural | 273 |  |  | 753 |
Total commercial | 65,517 |  |  | 41,677 |
Total | $ | 122,879 |  |  | $ | 93,330 |
Schedule of Aging Analysis of Past Due Loans, Excluding Loans Acquired |
(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, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  | $ | 708 |  |  | $ | 256 |  |  | $ | 964 |  |  | $ | 179,390 |  |  | $ | 180,354 |  |  | $ | 256 |
Other consumer |  | 2,771 |  |  | 302 |  |  | 3,073 |  |  | 207,797 |  |  | 210,870 |  |  | 13 |
Total consumer |  | 3,479 |  |  | 558 |  |  | 4,037 |  |  | 387,187 |  |  | 391,224 |  |  | 269 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  | 1,375 |  |  | 3,089 |  |  | 4,464 |  |  | 1,591,791 |  |  | 1,596,255 |  |  | — |
Single family residential |  | 23,726 |  |  | 14,339 |  |  | 38,065 |  |  | 1,842,608 |  |  | 1,880,673 |  |  | 253 |
Other commercial |  | 2,660 |  |  | 9,586 |  |  | 12,246 |  |  | 5,734,617 |  |  | 5,746,863 |  |  | — |
Total real estate |  | 27,761 |  |  | 27,014 |  |  | 54,775 |  |  | 9,169,016 |  |  | 9,223,791 |  |  | 253 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 7,514 |  |  | 7,429 |  |  | 14,943 |  |  | 2,559,443 |  |  | 2,574,386 |  |  | 56 |
Agricultural |  | 226 |  |  | 187 |  |  | 413 |  |  | 175,492 |  |  | 175,905 |  |  | — |
Total commercial |  | 7,740 |  |  | 7,616 |  |  | 15,356 |  |  | 2,734,935 |  |  | 2,750,291 |  |  | 56 |
Other |  | 92 |  |  | — |  |  | 92 |  |  | 535,499 |  |  | 535,591 |  |  | — |
Total |  | $ | 39,072 |  |  | $ | 35,188 |  |  | $ | 74,260 |  |  | $ | 12,826,637 |  |  | $ | 12,900,897 |  |  | $ | 578 |
(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 |  |  | 244,075 |  |  | 249,694 |  |  | — |
Total consumer |  | 5,732 |  |  | 1,376 |  |  | 7,108 |  |  | 447,388 |  |  | 454,496 |  |  | 259 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  | 5,792 |  |  | 1,078 |  |  | 6,870 |  |  | 2,229,991 |  |  | 2,236,861 |  |  | — |
Single family residential |  | 26,318 |  |  | 13,789 |  |  | 40,107 |  |  | 2,401,957 |  |  | 2,442,064 |  |  | 597 |
Other commercial |  | 7,645 |  |  | 6,450 |  |  | 14,095 |  |  | 6,191,504 |  |  | 6,205,599 |  |  | — |
Total real estate |  | 39,755 |  |  | 21,317 |  |  | 61,072 |  |  | 10,823,452 |  |  | 10,884,524 |  |  | 597 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 10,579 |  |  | 13,551 |  |  | 24,130 |  |  | 2,471,386 |  |  | 2,495,516 |  |  | — |
Agricultural |  | 1,223 |  |  | 456 |  |  | 1,679 |  |  | 313,775 |  |  | 315,454 |  |  | — |
Total commercial |  | 11,802 |  |  | 14,007 |  |  | 25,809 |  |  | 2,785,161 |  |  | 2,810,970 |  |  | — |
Other |  | — |  |  | — |  |  | — |  |  | 275,714 |  |  | 275,714 |  |  | — |
Total |  | $ | 57,289 |  |  | $ | 36,700 |  |  | $ | 93,989 |  |  | $ | 14,331,715 |  |  | $ | 14,425,704 |  |  | $ | 856 |
Schedule of Impaired Loans |
(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
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards | $ | 382 |  |  | $ | 382 |  |  | $ | — |  |  | $ | 382 |  |  | $ | — |  |  | $ | 373 |  |  | $ | 50 |
Other consumer | 1,537 |  |  | 1,378 |  |  | — |  |  | 1,378 |  |  | — |  |  | 1,659 |  |  | 41 |
Total consumer | 1,919 |  |  | 1,760 |  |  | — |  |  | 1,760 |  |  | — |  |  | 2,032 |  |  | 91 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and development | 4,648 |  |  | 4,466 |  |  | 72 |  |  | 4,538 |  |  | 4 |  |  | 2,464 |  |  | 61 |
Single family residential | 19,466 |  |  | 15,139 |  |  | 2,963 |  |  | 18,102 |  |  | 42 |  |  | 15,470 |  |  | 382 |
Other commercial | 10,645 |  |  | 4,713 |  |  | 3,740 |  |  | 8,453 |  |  | 694 |  |  | 9,983 |  |  | 247 |
Total real estate | 34,759 |  |  | 24,318 |  |  | 6,775 |  |  | 31,093 |  |  | 740 |  |  | 27,917 |  |  | 690 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | 53,436 |  |  | 6,582 |  |  | 28,998 |  |  | 35,580 |  |  | 5,007 |  |  | 28,219 |  |  | 697 |
Agricultural | 525 |  |  | 383 |  |  | 116 |  |  | 499 |  |  | — |  |  | 908 |  |  | 22 |
Total commercial | 53,961 |  |  | 6,965 |  |  | 29,114 |  |  | 36,079 |  |  | 5,007 |  |  | 29,127 |  |  | 719 |
Total | $ | 90,639 |  |  | $ | 33,043 |  |  | $ | 35,889 |  |  | $ | 68,932 |  |  | $ | 5,747 |  |  | $ | 59,076 |  |  | $ | 1,500 |
Schedule of Troubled Debt Restructuring | As of December 31, 2020, the Company has modified 3,729 loans totaling approximately $2.99 billion to loan customers affected by COVID-19. The following table summarizes these modified loans due to COVID-19 by industry.
(Dollars in thousands) | Number |  | Balance
Real Estate Rental and Leasing | 1,038 |  | $ | 1,160,537 |
Accommodation and Food Services | 374 |  | 859,006 |
Health Care and Social Assistance | 206 |  | 285,690 |
Construction | 164 |  | 118,964 |
Retail Trade | 143 |  | 131,311 |
Other Services (Except Public Administration) | 128 |  | 56,283 |
Other | 1,676 |  |  | 379,054 |
Total | 3,729 |  | $ | 2,990,845 |
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
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Single-family residential |  | 28 |  |  | $ | 2,463 |  |  | 18 |  |  | $ | 2,736 |  |  | 46 |  |  | $ | 5,199 |
Other commercial |  | 1 |  |  | 49 |  |  | 1 |  |  | 12 |  |  | 2 |  |  | 61 |
Total real estate |  | 29 |  |  | 2,512 |  |  | 19 |  |  | 2,748 |  |  | 48 |  |  | 5,260 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 3 |  |  | 626 |  |  | 3 |  |  | 1,627 |  |  | 6 |  |  | 2,253 |
Total commercial |  | 3 |  |  | 626 |  |  | 3 |  |  | 1,627 |  |  | 6 |  |  | 2,253 |
Total |  | 32 |  |  | $ | 3,138 |  |  | 22 |  |  | $ | 4,375 |  |  | 54 |  |  | $ | 7,513 |
|  | 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 years ended December 31, 2020 and 2019 segregated by class of loans.
|  |  |  |  |  |  |  | Modification Type |  |
(Dollars in thousands) |  | Number of Loans |  | Balance Prior to TDR |  | Balance at December 31, |  | Change in Maturity Date |  | Change in Rate |  | Financial Impact on Date of Restructure
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Single-family residential |  | 5 |  |  | $ | 1,948 |  |  | $ | 1,896 |  |  | $ | 1,896 |  |  | $ | — |  |  | $ | — |
Total real estate |  | 5 |  |  | $ | 1,948 |  |  | $ | 1,896 |  |  | $ | 1,896 |  |  | $ | — |  |  | $ | — |
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Single-family residential |  | 4 |  |  | $ | 997 |  |  | $ | 996 |  |  | $ | 996 |  |  | $ | — |  |  | $ | — |
Total real estate |  | 4 |  |  | $ | 997 |  |  | $ | 996 |  |  | $ | 996 |  |  | $ | — |  |  | $ | — |
Summary of Loans by Credit Risk Rating | The following table presents a summary of loans by credit quality indicator, other than pass or current, as of December 31, 2020 segregated by class of loans.
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
(In thousands) | 2020 |  | 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |  |  | $ | 708 |
90+ days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 256 |  |  | — |  |  | 256 |
Total consumer - credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 964 |  |  | — |  |  | 964 |
Consumer - other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
30-89 days past due | 234 |  |  | 441 |  |  | 327 |  |  | 658 |  |  | 689 |  |  | 84 |  |  | 339 |  |  | — |  |  | 2,772 |
90+ days past due | 79 |  |  | 58 |  |  | 25 |  |  | 80 |  |  | 40 |  |  | 12 |  |  | 8 |  |  | — |  |  | 302 |
Total consumer - other | 313 |  |  | 499 |  |  | 352 |  |  | 738 |  |  | 729 |  |  | 96 |  |  | 347 |  |  | — |  |  | 3,074 |
Real estate - C&D |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 2,728 |  |  | 344 |  |  | 259 |  |  | 2,107 |  |  | 19 |  |  | — |  |  | 9,613 |  |  | — |  |  | 15,070 |
6 internal grade | 294 |  |  | 2,069 |  |  | 404 |  |  | 449 |  |  | 342 |  |  | 320 |  |  | 17,914 |  |  | 14 |  |  | 21,806 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total real estate - C&D | 3,022 |  |  | 2,413 |  |  | 663 |  |  | 2,556 |  |  | 361 |  |  | 320 |  |  | 27,527 |  |  | 14 |  |  | 36,876 |
Real estate - SF residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
30-89 days past due | 6,300 |  |  | 2,258 |  |  | 2,593 |  |  | 2,610 |  |  | 2,058 |  |  | 6,050 |  |  | 1,782 |  |  | 76 |  |  | 23,727 |
90+ days past due | 557 |  |  | 1,853 |  |  | 2,735 |  |  | 2,582 |  |  | 832 |  |  | 3,852 |  |  | 1,928 |  |  | — |  |  | 14,339 |
Total real estate - SF residential | 6,857 |  |  | 4,111 |  |  | 5,328 |  |  | 5,192 |  |  | 2,890 |  |  | 9,902 |  |  | 3,710 |  |  | 76 |  |  | 38,066 |
Real estate - other commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 100,085 |  |  | 4,346 |  |  | 10,738 |  |  | 19,943 |  |  | 26,245 |  |  | 10,608 |  |  | 63,305 |  |  | 23,435 |  |  | 258,705 |
6 internal grade | 66,737 |  |  | 9,418 |  |  | 24,380 |  |  | 14,067 |  |  | 3,744 |  |  | 11,158 |  |  | 52,182 |  |  | 39,486 |  |  | 221,172 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total real estate - other commercial | 166,822 |  |  | 13,764 |  |  | 35,118 |  |  | 34,010 |  |  | 29,989 |  |  | 21,766 |  |  | 115,487 |  |  | 62,921 |  |  | 479,877 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | 5,707 |  |  | 342 |  |  | 465 |  |  | 972 |  |  | 54 |  |  | — |  |  | 12,318 |  |  | 22,546 |  |  | 42,404 |
6 internal grade | 23,227 |  |  | 4,495 |  |  | 1,586 |  |  | 730 |  |  | 276 |  |  | 334 |  |  | 53,682 |  |  | 7,522 |  |  | 91,852 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial | 28,934 |  |  | 4,837 |  |  | 2,051 |  |  | 1,702 |  |  | 330 |  |  | 334 |  |  | 66,000 |  |  | 30,068 |  |  | 134,256 |
Commercial - agriculture |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5 internal grade | — |  |  | 79 |  |  | 13 |  |  | 299 |  |  | — |  |  | 6 |  |  | 34 |  |  | — |  |  | 431 |
6 internal grade | 86 |  |  | 101 |  |  | 64 |  |  | 47 |  |  | 12 |  |  | 10 |  |  | 68 |  |  | 75 |  |  | 463 |
7 internal grade | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial - agriculture | 86 |  |  | 180 |  |  | 77 |  |  | 346 |  |  | 12 |  |  | 16 |  |  | 102 |  |  | 75 |  |  | 894 |
Total | $ | 206,034 |  |  | $ | 25,804 |  |  | $ | 43,589 |  |  | $ | 44,544 |  |  | $ | 34,311 |  |  | $ | 32,434 |  |  | $ | 214,137 |  |  | $ | 93,154 |  |  | $ | 694,007 |
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 |
Schedule of the Activity in the 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 | $ | 1,539 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,539 |
Single family residential | 6,950 |  |  | — |  |  | — |  |  | 6,950 |
Other commercial real estate | — |  |  | 40,703 |  |  | 5,741 |  |  | 46,444 |
Commercial | 15,065 |  |  | — |  |  | — |  |  | 15,065 |
Total | $ | 23,554 |  |  | $ | 40,703 |  |  | $ | 5,741 |  |  | $ | 69,998 |
The following table details activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2020, 2019 and 2018. 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
December 31, 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 | 42,017 |  |  | 42,276 |  |  | 4,288 |  |  | (6,093) |  |  | 82,488 |
Charge-offs | (48,736) |  |  | (13,788) |  |  | (4,113) |  |  | (4,022) |  |  | (70,659) |
Recoveries | 3,216 |  |  | 905 |  |  | 1,014 |  |  | 1,465 |  |  | 6,600 |
Net charge-offs | (45,520) |  |  | (12,883) |  |  | (3,099) |  |  | (2,557) |  |  | (64,059) |
Ending balance, December 31, 2020 | $ | 42,093 |  |  | $ | 182,868 |  |  | $ | 7,472 |  |  | $ | 5,617 |  |  | $ | 238,050 |
December 31, 2019 |  |  |  |  |  |  |  |  |
Beginning balance, January 1, 2019 | $ | 20,514 |  |  | $ | 29,838 |  |  | $ | 3,923 |  |  | $ | 2,419 |  |  | $ | 56,694 |
Provision for credit loss expense | 24,434 |  |  | 12,714 |  |  | 3,692 |  |  | 2,400 |  |  | 43,240 |
Charge-offs | (23,352) |  |  | (3,892) |  |  | (4,585) |  |  | (5,007) |  |  | (36,836) |
Recoveries | 1,267 |  |  | 501 |  |  | 1,021 |  |  | 2,357 |  |  | 5,146 |
Net charge-offs | (22,085) |  |  | (3,391) |  |  | (3,564) |  |  | (2,650) |  |  | (31,690) |
Ending balance, December 31, 2019 | $ | 22,863 |  |  | $ | 39,161 |  |  | $ | 4,051 |  |  | $ | 2,169 |  |  | $ | 68,244 |
December 31, 2018 |  |  |  |  |  |  |  |  |
Beginning balance, January 1, 2018 | $ | 7,007 |  |  | $ | 27,699 |  |  | $ | 3,784 |  |  | $ | 3,596 |  |  | $ | 42,086 |
Provision for credit loss expense | 21,176 |  |  | 8,846 |  |  | 3,185 |  |  | 4,941 |  |  | 38,148 |
Charge-offs | (8,414) |  |  | (7,698) |  |  | (4,051) |  |  | (6,675) |  |  | (26,838) |
Recoveries | 745 |  |  | 991 |  |  | 1,005 |  |  | 557 |  |  | 3,298 |
Net charge-offs | (7,669) |  |  | (6,707) |  |  | (3,046) |  |  | (6,118) |  |  | (23,540) |
Ending balance, December 31, 2018 | $ | 20,514 |  |  | $ | 29,838 |  |  | $ | 3,923 |  |  | $ | 2,419 |  |  | $ | 56,694 |
The components of provision for credit losses for the years ended December 31were as follows:
(In thousands) | 2020 |  | 2019 |  | 2018
Provision for credit losses related to: |  |  |  |  |
Loans | $ | 82,488 |  |  | $ | 43,240 |  |  | $ | 38,148 |
Unfunded commitments | (10,000) |  |  | — |  |  | — |
Securities - HTM | 2,546 |  |  | — |  |  | — |
Securities - AFS | (61) |  |  | — |  |  | — |
Total | $ | 74,973 |  |  | $ | 43,240 |  |  | $ | 38,148 |

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