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Allowance for Credit Losses on Loans (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, December 31, 2020 and December 31, 2019 is as follows:

			Year Ended December 31,
			2021						2020						2019
			(In thousands)
Balance at the beginning of the year			$	70,185					$	36,171					$	35,042
Impact of CECL Adoption			—						1,822						—
Balance at the beginning of the year, as adjusted			70,185						37,993						35,042
Charge-offs			(1,946)						(5,622)						(4,989)
Recoveries of loans previously charged-off			1,420						2,381						1,807
(Reversal of) provision for credit losses on loans			(27,298)						35,433						4,311
Balance at the end of the year			$	42,361					$	70,185					$	36,171

The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:

			Year Ended December 31, 2021
			Beginning Balance																		Charge-offs						Recoveries						Reversal of Provision for Credit Losses						Ending Balance
			(In thousands)
Commercial business:
Commercial and industrial			$	30,010																	$	(917)					$	791					$	(12,107)					$	17,777
Owner-occupied CRE			9,486																		(359)						25						(2,741)						6,411
Non-owner occupied CRE			10,112																		—						—						(1,251)						8,861
Total commercial business			49,608																		(1,276)						816						(16,099)						33,049
Residential real estate			1,591																		—						—						(182)						1,409
Real estate construction and land development:
Residential			1,951																		—						32						(679)						1,304
Commercial and multifamily			11,141																		(1)						—						(7,168)						3,972
Total real estate construction and land development			13,092																		(1)						32						(7,847)						5,276
Consumer			5,894																		(669)						572						(3,170)						2,627
Total			$	70,185																	$	(1,946)					$	1,420					$	(27,298)					$	42,361

			Year Ended December 31, 2020
			Beginning Balance						Impact of CECL Adoption						Beginning Balance, as Adjusted						Charge-offs						Recoveries						Provision (Reversal of 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
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 activity in the allowance for loan losses by segment and class for the period indicated:

			Year Ended December 31, 2019
			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

			Year Ended December 31, 2019
			Beginning Balance						Charge-offs						Recoveries						Provision for Loan Losses						Ending Balance
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

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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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- References

No definition available.

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