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Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of changes in allowance for loan losses

The following tables detail the activity in the ACL on loans disaggregated by segment and class for the three and nine months ended September 30, 2020:

			Three Months Ended September 30, 2020
			Beginning Balance						Charge-offs						Recoveries						Provision for Credit Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	29,773					$	(507)					$	78					$	1,815					$	31,159
SBA PPP			—						—						—						—						—
Owner-occupied CRE			10,003						—						2						3,027						13,032
Non-owner occupied CRE			10,666						—						—						(124)						10,542
Total commercial business			50,442						(507)						80						4,718						54,733
One-to-four family residential			2,223						—						—						(398)						1,825
Real estate construction and land development:
One-to-four family residential			567						—						139						(42)						664
Five or more family residential and commercial properties			8,557						—						—						70						8,627
Total real estate construction and land development			9,124						—						139						28						9,291
Consumer			9,712						(335)						142						(2,028)						7,491
Total			$	71,501					$	(842)					$	361					$	2,320					$	73,340

			Nine Months Ended September 30, 2020
			Beginning Balance						Impact of CECL Adoption						Beginning Balance, as Adjusted						Charge-offs						Recoveries						Provision for Credit Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	11,739					$	(1,348)					$	10,391					$	(3,418)					$	1,204					$	22,982					$	31,159
SBA PPP			—						—						—						—						—						—						—
Owner-occupied CRE			4,512						452						4,964						(135)						16						8,187						13,032

			Nine Months Ended September 30, 2020
			Beginning Balance						Impact of CECL Adoption						Beginning Balance, as Adjusted						Charge-offs						Recoveries						Provision for Credit Losses						Ending Balance
			(In thousands)
Non-owner occupied CRE			7,682						(2,039)						5,643						—						—						4,899						10,542
Total commercial business			23,933						(2,935)						20,998						(3,553)						1,220						36,068						54,733
One-to-four family residential			1,458						1,471						2,929						—						3						(1,107)						1,825
Real estate construction and land development:
One-to-four family residential			1,455						(571)						884						—						160						(380)						664
Five or more family residential and commercial properties			1,605						7,240						8,845						—						—						(218)						8,627
Total real estate construction and land development			3,060						6,669						9,729						—						160						(598)						9,291
Consumer			6,821						(2,484)						4,337						(1,141)						433						3,862						7,491
Unallocated			899						(899)						—						—						—						—						—
Total			$	36,171					$	1,822					$	37,993					$	(4,694)					$	1,816					$	38,225					$	73,340

The following tables detail activity in the allowance for loan losses disaggregated by segment and class for the three and nine months ended September 30, 2019 under the incurred loss methodology, including the ASC 310-30 methodology for PCI loans:

			Three Months Ended September 30, 2019
			Beginning Balance						Charge-offs						Recoveries						Provision for Loan Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	11,993					$	(306)					$	43					$	449					$	12,179
Owner-occupied CRE			5,066						—						46						(656)						4,456
Non-owner occupied CRE			8,064						—						292						(525)						7,831
Total commercial business			25,123						(306)						381						(732)						24,466
One-to-four family residential			1,345						(15)						—						81						1,411
Real estate construction and land development:
One-to-four family residential			1,471						—						3						(133)						1,341

			Three Months Ended September 30, 2019
			Beginning Balance						Charge-offs						Recoveries						Provision for Loan Losses						Ending Balance
			(In thousands)
Five or more family residential and commercial properties			1,060						—						—						229						1,289
Total real estate construction and land development			2,531						—						3						96						2,630
Consumer			6,540						(501)						127						621						6,787
Unallocated			824						—						—						400						1,224
Total			$	36,363					$	(822)					$	511					$	466					$	36,518

			Nine Months Ended September 30, 2019
			Beginning Balance						Charge-offs						Recoveries						Provision for Loan Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	11,343					$	(1,183)					$	112					$	1,907					$	12,179
Owner-occupied CRE			4,898						—						49						(491)						4,456
Non-owner occupied CRE			7,470						—						441						(80)						7,831
Total commercial business			23,711						(1,183)						602						1,336						24,466
One-to-four family residential			1,203						(45)						—						253						1,411
Real estate construction and land development:
One-to-four family residential			1,240						—						628						(527)						1,341
Five or more family residential and commercial properties			954						—						—						335						1,289
Total real estate construction and land development			2,194						—						628						(192)						2,630
Consumer			6,581						(1,653)						374						1,485						6,787
Unallocated			1,353						—						—						(129)						1,224
Total			$	35,042					$	(2,881)					$	1,604					$	2,753					$	36,518

The following table details the allowance for loan losses disaggregated on the basis of the Company's impairment method as of December 31, 2019 under the incurred loss methodology, including the ASC 310-30 methodology for PCI loans:

			Loans Individually Evaluated for Impairment						Loans Collectively Evaluated for Impairment						PCI Loans						Total Allowance for Loan Losses
			(In thousands)
Commercial business:
Commercial and industrial			$	1,372					$	9,772					$	595					$	11,739
Owner-occupied CRE			426						3,558						528						4,512
Non-owner occupied CRE			146						7,064						472						7,682
Total commercial business			1,944						20,394						1,595						23,933
One-to-four family residential			56						1,316						86						1,458
Real estate construction and land development:
One-to-four family residential			—						1,296						159						1,455

			Loans Individually Evaluated for Impairment						Loans Collectively Evaluated for Impairment						PCI Loans						Total Allowance for Loan Losses
			(In thousands)
Five or more family residential and commercial properties			—						1,527						78						1,605
Total real estate construction and land development			—						2,823						237						3,060
Consumer			143						6,327						351						6,821
Unallocated			—						899						—						899
Total			$	2,143					$	31,759					$	2,269					$	36,171

Schedule of loan receivables on the basis of impairment method

The following table details the amortized cost of the loan receivables disaggregated on the basis of the Company’s impairment method as of December 31, 2019 under the incurred loss methodology, including the ASC 310-30 methodology for PCI loans:

			Loans Individually Evaluated for Impairment						Loans Collectively Evaluated for Impairment						PCI Loans						Loans Receivable
			(In thousands)
Commercial business:
Commercial and industrial			$	43,808					$	806,044					$	2,368					$	852,220
Owner-occupied CRE			6,336						793,984						4,914						805,234
Non-owner occupied CRE			6,324						1,276,964						5,491						1,288,779
Total commercial business			56,468						2,876,992						12,773						2,946,233
One-to-four family residential			215						127,870						3,575						131,660
Real estate construction and land development:
One-to-four family residential			237						104,059						—						104,296
Five or more family residential and commercial properties			—						170,350						—						170,350
Total real estate construction and land development			237						274,409						—						274,646
Consumer			561						413,017						1,762						415,340
Total			$	57,481					$	3,692,288					$	18,110					$	3,767,879

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- Definition

Schedule detailing information related to financing receivables by portfolio segment. A portfolio segment is a level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses.

+ References

No definition available.

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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