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v3.21.1

Allowance for Loan Losses (Tables) | 3 Months Ended
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Mar. 31, 2021
Receivables [Abstract] |
Schedule of changes in allowance for loan losses | A summary of the changes in the ACL on loans during the three months ended March 31, 2021 and 2020 is as follows:
| Three Months Ended March 31,
| 2021 |  | 2020
| (In thousands)
Balance at the beginning of the year | $ | 70,185 |  |  | $ | 36,171 |
Impact of CECL Adoption | — |  |  | 1,822 |
Balance at the beginning of the year, as adjusted | 70,185 |  |  | 37,993 |
Charge-offs | (187) |  |  | (1,597) |
Recoveries of loans previously charged-off | 362 |  |  | 1,180 |
(Reversal of) provision for loan losses | (6,135) |  |  | 9,964 |
Balance at the end of the year | $ | 64,225 |  |  | $ | 47,540 |
The following tables detail the activity in the ACL on loans disaggregated by segment and class for the three months ended March 31, 2021 and 2020:
| Three Months Ended March 31, 2021
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 30,010 |  |  | $ | (1) |  |  | $ | 205 |  |  | $ | (8,444) |  |  | $ | 21,770 |
SBA PPP | — |  |  | — |  |  | — |  |  | — |  |  | — |
Owner-occupied CRE | 9,486 |  |  | — |  |  | 2 |  |  | 976 |  |  | 10,464 |
Non-owner occupied CRE | 10,112 |  |  | — |  |  | — |  |  | 2,858 |  |  | 12,970 |
Total commercial business | 49,608 |  |  | (1) |  |  | 207 |  |  | (4,610) |  |  | 45,204 |
Residential real estate | 1,591 |  |  | — |  |  | — |  |  | (189) |  |  | 1,402 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | 1,951 |  |  | — |  |  | 16 |  |  | 81 |  |  | 2,048 |
Commercial and multifamily | 11,141 |  |  | (1) |  |  | — |  |  | 83 |  |  | 11,223 |
Total real estate construction and land development | 13,092 |  |  | (1) |  |  | 16 |  |  | 164 |  |  | 13,271 |
Consumer | 5,894 |  |  | (185) |  |  | 139 |  |  | (1,500) |  |  | 4,348 |
Total | $ | 70,185 |  |  | $ | (187) |  |  | $ | 362 |  |  | $ | (6,135) |  |  | $ | 64,225 |
| Three Months Ended March 31, 2020
| Beginning Balance |  | Impact of CECL Adoption |  | Beginning Balance, as Adjusted |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 11,739 |  |  | $ | (1,348) |  |  | $ | 10,391 |  |  | $ | (1,087) |  |  | $ | 1,057 |  |  | $ | 3,539 |  |  | $ | 13,900 |
SBA PPP | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Owner-occupied CRE | 4,512 |  |  | 452 |  |  | 4,964 |  |  | (135) |  |  | 12 |  |  | 1,375 |  |  | 6,216 |
Non-owner occupied CRE | 7,682 |  |  | (2,039) |  |  | 5,643 |  |  | — |  |  | — |  |  | 2,107 |  |  | 7,750 |
Total commercial business | 23,933 |  |  | (2,935) |  |  | 20,998 |  |  | (1,222) |  |  | 1,069 |  |  | 7,021 |  |  | 27,866 |
Residential real estate | 1,458 |  |  | 1,471 |  |  | 2,929 |  |  | — |  |  | 3 |  |  | 94 |  |  | 3,026 |
| Three Months Ended March 31, 2020
| Beginning Balance |  | Impact of CECL Adoption |  | Beginning Balance, as Adjusted |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | 1,455 |  |  | (571) |  |  | 884 |  |  | — |  |  | 14 |  |  | (34) |  |  | 864 |
Commercial and multifamily | 1,605 |  |  | 7,240 |  |  | 8,845 |  |  | — |  |  | — |  |  | 2,599 |  |  | 11,444 |
Total real estate construction and land development | 3,060 |  |  | 6,669 |  |  | 9,729 |  |  | — |  |  | 14 |  |  | 2,565 |  |  | 12,308 |
Consumer | 6,821 |  |  | (2,484) |  |  | 4,337 |  |  | (375) |  |  | 94 |  |  | 284 |  |  | 4,340 |
Unallocated | 899 |  |  | (899) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 36,171 |  |  | $ | 1,822 |  |  | $ | 37,993 |  |  | $ | (1,597) |  |  | $ | 1,180 |  |  | $ | 9,964 |  |  | $ | 47,540 |

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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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