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Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2021

Receivables [Abstract]

Schedule of changes in allowance for loan losses

A summary of the changes in the ACL on loans during the nine months ended September 30, 2021 and 2020 is as follows:

			Nine Months Ended September 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			(1,267)						(4,694)
Recoveries of loans previously charged-off			1,207						1,816
(Reversal of) provision for credit losses on loans			(21,808)						38,225
Balance at the end of the year			$	48,317					$	73,340

The following tables detail the activity in the ACL on loans disaggregated by segment and class for the three and nine months ended September 30, 2021 and 2020:

			Three Months Ended September 30, 2021
			Beginning Balance						Charge-offs						Recoveries						(Reversal of) Provision for Credit Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	17,485					$	(743)					$	373					$	1,531					$	18,646
SBA PPP			—						—						—						—						—
Owner-occupied CRE			8,562						—						12						(1,644)						6,930
Non-owner occupied CRE			10,630						—						—						(1,133)						9,497
Total commercial business			36,677						(743)						385						(1,246)						35,073
Residential real estate			1,153						—						—						(67)						1,086
Real estate construction and land development:
Residential			1,636						—						8						136						1,780
Commercial and multifamily			8,835						—						—						(1,530)						7,305
Total real estate construction and land development			10,471						—						8						(1,394)						9,085
Consumer			3,261						(204)						161						(145)						3,073
Total			$	51,562					$	(947)					$	554					$	(2,852)					$	48,317

			Nine Months Ended September 30, 2021
			Beginning Balance																		Charge-offs						Recoveries						Reversal of Provision for Credit Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	30,010																	$	(757)					$	710					$	(11,317)					$	18,646
SBA PPP			—																		—						—						—						—

			Nine Months Ended September 30, 2021
			Beginning Balance																		Charge-offs						Recoveries						Reversal of Provision for Credit Losses						Ending Balance
			(In thousands)
Owner-occupied CRE			9,486																		—						25						(2,581)						6,930
Non-owner occupied CRE			10,112																		—						—						(615)						9,497
Total commercial business			49,608																		(757)						735						(14,513)						35,073
Residential real estate			1,591																		—						—						(505)						1,086
Real estate construction and land development:
Residential			1,951																		—						28						(199)						1,780
Commercial and multifamily			11,141																		(1)						—						(3,835)						7,305
Total real estate construction and land development			13,092																		(1)						28						(4,034)						9,085
Consumer			5,894																		(509)						444						(2,756)						3,073
Total			$	70,185																	$	(1,267)					$	1,207					$	(21,808)					$	48,317

			Three Months Ended September 30, 2020
			Beginning Balance																		Charge-offs						Recoveries						Provision for (Reversal of Provision for) Credit Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	29,773																	$	(507)					$	78					$	1,815					$	31,159
SBA PPP			—																		—						—						—						—
Owner-occupied CRE			10,003																		—						2						3,027						13,032
Non-owner occupied CRE			10,666																		—						—						(124)						10,542
Total commercial business			50,442																		(507)						80						4,718						54,733
Residential real estate			2,223																		—						—						(398)						1,825
Real estate construction and land development:
Residential			567																		—						139						(42)						664
Commercial and multifamily			8,557																		—						—						70						8,627
Total real estate construction and land development			9,124																		—						139						28						9,291
Consumer			9,712																		(335)						142						(2,028)						7,491
Total			$	71,501																	$	(842)					$	361					$	2,320					$	73,340

			Nine Months Ended September 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					$	(3,418)					$	1,204					$	22,982					$	31,159
SBA PPP			—						—						—						—						—						—						—
Owner-occupied CRE			4,512						452						4,964						(135)						16						8,187						13,032
Non-owner occupied CRE			7,682						(2,039)						5,643						—						—						4,899						10,542
Total commercial business			23,933						(2,935)						20,998						(3,553)						1,220						36,068						54,733
Residential real estate			1,458						1,471						2,929						—						3						(1,107)						1,825

			Nine Months Ended September 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						—						160						(380)						664
Commercial and multifamily			1,605						7,240						8,845						—						—						(218)						8,627
Total real estate construction and land development			3,060						6,669						9,729						—						160						(598)						9,291
Consumer			6,821						(2,484)						4,337						(1,141)						433						3,862						7,491
Unallocated			899						(899)						—						—						—						—						—
Total			$	36,171					$	1,822					$	37,993					$	(4,694)					$	1,816					$	38,225					$	73,340

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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

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X

- References

No definition available.

+ Details

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