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Allowance for Credit Losses on Loans (Tables) | 12 Months Ended
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Dec. 31, 2020
Receivables [Abstract] |
Schedule of changes in allowance for loan losses | A summary of the changes in the ACL on loans during the years ended December 31, 2020, December 31, 2019 and December 31, 2018 is as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Balance at the beginning of the year | $ | 36,171 |  |  | $ | 35,042 |  |  | $ | 32,086 |
Impact of CECL Adoption | 1,822 |  |  | — |  |  | — |
Balance at the beginning of the year, as adjusted | 37,993 |  |  | 35,042 |  |  | 32,086 |
Charge-offs | (5,622) |  |  | (4,989) |  |  | (3,605) |
Recoveries of loans previously charged-off | 2,381 |  |  | 1,807 |  |  | 1,432 |
Provision for loan losses | 35,433 |  |  | 4,311 |  |  | 5,129 |
Balance at the end of the year | $ | 70,185 |  |  | $ | 36,171 |  |  | $ | 35,042 |
The following table details the activity in the ACL on loans disaggregated by segment and class for the year ended December 31, 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 |  |  | $ | (3,616) |  |  | $ | 1,513 |  |  | $ | 21,722 |  |  | $ | 30,010 |
SBA PPP | — |  |  | — |  |  | $ | — |  |  | — |  |  | — |  |  | — |  |  | — |
Owner-occupied CRE | 4,512 |  |  | 452 |  |  | 4,964 |  |  | (135) |  |  | 17 |  |  | 4,640 |  |  | 9,486 |
Non-owner occupied CRE | 7,682 |  |  | (2,039) |  |  | 5,643 |  |  | — |  |  | — |  |  | 4,469 |  |  | 10,112 |
Total commercial business | 23,933 |  |  | (2,935) |  |  | 20,998 |  |  | (3,751) |  |  | 1,530 |  |  | 30,831 |  |  | 49,608 |
Residential real estate | 1,458 |  |  | 1,471 |  |  | 2,929 |  |  | — |  |  | 3 |  |  | (1,341) |  |  | 1,591 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | 1,455 |  |  | (571) |  |  | 884 |  |  | — |  |  | 278 |  |  | 789 |  |  | 1,951 |
Commercial and multifamily | 1,605 |  |  | 7,240 |  |  | 8,845 |  |  | (417) |  |  | — |  |  | 2,713 |  |  | 11,141 |
Total real estate construction and land development | 3,060 |  |  | 6,669 |  |  | 9,729 |  |  | (417) |  |  | 278 |  |  | 3,502 |  |  | 13,092 |
Consumer | 6,821 |  |  | (2,484) |  |  | 4,337 |  |  | (1,454) |  |  | 570 |  |  | 2,441 |  |  | 5,894 |
Unallocated | 899 |  |  | (899) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 36,171 |  |  | $ | 1,822 |  |  | $ | 37,993 |  |  | $ | (5,622) |  |  | $ | 2,381 |  |  | $ | 35,433 |  |  | $ | 70,185 |
The following table details the activity in the ALL disaggregated by segment and class for the year ended December 31, 2019 under the incurred loss methodology, including the ASC 310-30 methodology for PCI loans:
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for Loan Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 11,343 |  |  | $ | (2,692) |  |  | $ | 166 |  |  | $ | 2,922 |  |  | $ | 11,739 |
Owner-occupied CRE | 4,898 |  |  | — |  |  | 50 |  |  | (436) |  |  | 4,512 |
Non-owner occupied CRE | 7,470 |  |  | — |  |  | 441 |  |  | (229) |  |  | 7,682 |
Total commercial business | 23,711 |  |  | (2,692) |  |  | 657 |  |  | 2,257 |  |  | 23,933 |
Residential real estate | 1,203 |  |  | (60) |  |  | — |  |  | 315 |  |  | 1,458 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | 1,240 |  |  | (133) |  |  | 637 |  |  | (289) |  |  | 1,455 |
Commercial and multifamily | 954 |  |  | — |  |  | — |  |  | 651 |  |  | 1,605 |
Total real estate construction and land development | 2,194 |  |  | (133) |  |  | 637 |  |  | 362 |  |  | 3,060 |
Consumer | 6,581 |  |  | (2,104) |  |  | 513 |  |  | 1,831 |  |  | 6,821 |
Unallocated | 1,353 |  |  | — |  |  | — |  |  | (454) |  |  | 899 |
Total | $ | 35,042 |  |  | $ | (4,989) |  |  | $ | 1,807 |  |  | $ | 4,311 |  |  | $ | 36,171 |
The following table details the activity in the ALL disaggregated by segment and class for the year ended December 31, 2018 under the incurred loss methodology, including the ASC 310-30 methodology for PCI loans:
| Balance at Beginning of Year |  | Charge-offs |  | Recoveries |  | Provision for Loan Losses |  | Balance at End of Year
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 9,910 |  |  | $ | (1,250) |  |  | $ | 901 |  |  | $ | 1,782 |  |  | $ | 11,343 |
Owner-occupied CRE | 3,992 |  |  | (1) |  |  | 7 |  |  | 900 |  |  | 4,898 |
Non-owner occupied CRE | 8,097 |  |  | (149) |  |  | — |  |  | (478) |  |  | 7,470 |
Total commercial business | 21,999 |  |  | (1,400) |  |  | 908 |  |  | 2,204 |  |  | 23,711 |
Residential real estate | 1,056 |  |  | (45) |  |  | — |  |  | 192 |  |  | 1,203 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | 862 |  |  | — |  |  | 11 |  |  | 367 |  |  | 1,240 |
Commercial and multifamily | 1,190 |  |  | — |  |  | — |  |  | (236) |  |  | 954 |
Total real estate construction and land development | 2,052 |  |  | — |  |  | 11 |  |  | 131 |  |  | 2,194 |
Consumer | 6,081 |  |  | (2,160) |  |  | 513 |  |  | 2,147 |  |  | 6,581 |
Unallocated | 898 |  |  | — |  |  | — |  |  | 455 |  |  | 1,353 |
Total | $ | 32,086 |  |  | $ | (3,605) |  |  | $ | 1,432 |  |  | $ | 5,129 |  |  | $ | 35,042 |
Schedule of loan receivables on the basis of impairment method | The following table details the ALL 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 ALL
| (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 |
Residential real estate | 56 |  |  | 1,316 |  |  | 86 |  |  | 1,458 |
Real estate construction and land development: |  |  |  |  |  |  |
Residential | — |  |  | 1,296 |  |  | 159 |  |  | 1,455 |
Commercial and multifamily | — |  |  | 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 |
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 |
Residential real estate | 215 |  |  | 127,870 |  |  | 3,575 |  |  | 131,660 |
Real estate construction and land development: |  |  |  |  |  |  |
Residential | 237 |  |  | 104,059 |  |  | — |  |  | 104,296 |
Commercial and multifamily | — |  |  | 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. + Details
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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 + Details
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