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v3.21.2

Allowance for Loan Losses (Tables) | 6 Months Ended
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Jun. 30, 2021
Receivables [Abstract] |
Schedule of changes in allowance for loan losses | A summary of the changes in the ACL on loans during the six months ended June 30, 2021 and 2020 is as follows:
| Six Months Ended June 30,
| 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 | (320) |  |  | (3,852) |
Recoveries of loans previously charged-off | 653 |  |  | 1,455 |
(Reversal of) provision for credit losses on loans | (18,956) |  |  | 35,905 |
Balance at the end of the year | $ | 51,562 |  |  | $ | 71,501 |
The following tables detail the activity in the ACL on loans disaggregated by segment and class for the three and six months ended June 30, 2021 and 2020:
| Three Months Ended June 30, 2021
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Reversal of Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 21,770 |  |  | $ | (13) |  |  | $ | 132 |  |  | $ | (4,404) |  |  | $ | 17,485 |
SBA PPP | — |  |  | — |  |  | — |  |  | — |  |  | — |
Owner-occupied CRE | 10,464 |  |  | — |  |  | 11 |  |  | (1,913) |  |  | 8,562 |
Non-owner occupied CRE | 12,970 |  |  | — |  |  | — |  |  | (2,340) |  |  | 10,630 |
Total commercial business | 45,204 |  |  | (13) |  |  | 143 |  |  | (8,657) |  |  | 36,677 |
Residential real estate | 1,402 |  |  | — |  |  | — |  |  | (249) |  |  | 1,153 |
Real estate construction and land development:
Residential | 2,048 |  |  | — |  |  | 4 |  |  | (416) |  |  | 1,636 |
Commercial and multifamily | 11,223 |  |  | — |  |  | — |  |  | (2,388) |  |  | 8,835 |
Total real estate construction and land development | 13,271 |  |  | — |  |  | 4 |  |  | (2,804) |  |  | 10,471 |
Consumer | 4,348 |  |  | (120) |  |  | 144 |  |  | (1,111) |  |  | 3,261 |
Total | $ | 64,225 |  |  | $ | (133) |  |  | $ | 291 |  |  | $ | (12,821) |  |  | $ | 51,562 |
| Six Months Ended June 30, 2021
| Beginning Balance |  |  |  |  |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
| Six Months Ended June 30, 2021
| Beginning Balance |  |  |  |  |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial and industrial | $ | 30,010 |  |  |  |  |  |  | $ | (14) |  |  | $ | 337 |  |  | $ | (12,848) |  |  | $ | 17,485 |
SBA PPP | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
Owner-occupied CRE | 9,486 |  |  |  |  |  |  | — |  |  | 13 |  |  | (937) |  |  | 8,562 |
Non-owner occupied CRE | 10,112 |  |  |  |  |  |  | — |  |  | — |  |  | 518 |  |  | 10,630 |
Total commercial business | 49,608 |  |  |  |  |  |  | (14) |  |  | 350 |  |  | (13,267) |  |  | 36,677 |
Residential real estate | 1,591 |  |  |  |  |  |  | — |  |  | — |  |  | (438) |  |  | 1,153 |
Real estate construction and land development:
Residential | 1,951 |  |  |  |  |  |  | — |  |  | 20 |  |  | (335) |  |  | 1,636 |
Commercial and multifamily | 11,141 |  |  |  |  |  |  | (1) |  |  | — |  |  | (2,305) |  |  | 8,835 |
Total real estate construction and land development | 13,092 |  |  |  |  |  |  | (1) |  |  | 20 |  |  | (2,640) |  |  | 10,471 |
Consumer | 5,894 |  |  |  |  |  |  | (305) |  |  | 283 |  |  | (2,611) |  |  | 3,261 |
Total | $ | 70,185 |  |  |  |  |  |  | $ | (320) |  |  | $ | 653 |  |  | $ | (18,956) |  |  | $ | 51,562 |
| Three Months Ended June 30, 2020
| Beginning Balance |  |  |  |  |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of Provision for) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 13,900 |  |  |  |  |  |  | $ | (1,824) |  |  | $ | 69 |  |  | $ | 17,628 |  |  | $ | 29,773 |
Owner-occupied CRE | 6,216 |  |  |  |  |  |  | — |  |  | 2 |  |  | 3,785 |  |  | 10,003 |
Non-owner occupied CRE | 7,750 |  |  |  |  |  |  | — |  |  | — |  |  | 2,916 |  |  | 10,666 |
Total commercial business | 27,866 |  |  |  |  |  |  | (1,824) |  |  | 71 |  |  | 24,329 |  |  | 50,442 |
Residential real estate | 3,026 |  |  |  |  |  |  | — |  |  | — |  |  | (803) |  |  | 2,223 |
Real estate construction and land development:
Residential | 864 |  |  |  |  |  |  | — |  |  | 7 |  |  | (304) |  |  | 567 |
Commercial and multifamily | 11,444 |  |  |  |  |  |  | — |  |  | — |  |  | (2,887) |  |  | 8,557 |
Total real estate construction and land development | 12,308 |  |  |  |  |  |  | — |  |  | 7 |  |  | (3,191) |  |  | 9,124 |
Consumer | 4,340 |  |  |  |  |  |  | (431) |  |  | 197 |  |  | 5,606 |  |  | 9,712 |
Total | $ | 47,540 |  |  |  |  |  |  | $ | (2,255) |  |  | $ | 275 |  |  | $ | 25,941 |  |  | $ | 71,501 |
| Six Months Ended June 30, 2020
| Beginning Balance |  | Impact of CECL Adoption |  | Beginning Balance, as Adjusted |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of Provision for) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 11,739 |  |  | $ | (1,348) |  |  | $ | 10,391 |  |  | $ | (2,911) |  |  | $ | 1,126 |  |  | $ | 21,167 |  |  | $ | 29,773 |
Owner-occupied CRE | 4,512 |  |  | 452 |  |  | 4,964 |  |  | (135) |  |  | 14 |  |  | 5,160 |  |  | 10,003 |
Non-owner occupied CRE | 7,682 |  |  | (2,039) |  |  | 5,643 |  |  | — |  |  | — |  |  | 5,023 |  |  | 10,666 |
Total commercial business | 23,933 |  |  | (2,935) |  |  | 20,998 |  |  | (3,046) |  |  | 1,140 |  |  | 31,350 |  |  | 50,442 |
Residential real estate | 1,458 |  |  | 1,471 |  |  | 2,929 |  |  | — |  |  | 3 |  |  | (709) |  |  | 2,223 |
| Six Months Ended June 30, 2020
| Beginning Balance |  | Impact of CECL Adoption |  | Beginning Balance, as Adjusted |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of Provision for) Credit Losses |  | Ending Balance
| (In thousands)
Real estate construction and land development:
Residential | 1,455 |  |  | (571) |  |  | 884 |  |  | — |  |  | 21 |  |  | (338) |  |  | 567 |
Commercial and multifamily | 1,605 |  |  | 7,240 |  |  | 8,845 |  |  | — |  |  | — |  |  | (288) |  |  | 8,557 |
Total real estate construction and land development | 3,060 |  |  | 6,669 |  |  | 9,729 |  |  | — |  |  | 21 |  |  | (626) |  |  | 9,124 |
Consumer | 6,821 |  |  | (2,484) |  |  | 4,337 |  |  | (806) |  |  | 291 |  |  | 5,890 |  |  | 9,712 |
Unallocated | 899 |  |  | (899) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 36,171 |  |  | $ | 1,822 |  |  | $ | 37,993 |  |  | $ | (3,852) |  |  | $ | 1,455 |  |  | $ | 35,905 |  |  | $ | 71,501 |

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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=123577603&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=124255953&loc=SL82919249-210447 + Details
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