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Allowance for Credit Losses on Loans (Tables)

12 Months Ended

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.

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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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