Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

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