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v3.22.1

Allowance for Loan Losses (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022 and 2021 is as follows:
| Three Months Ended March 31,
| 2022 |  | 2021
| (In thousands)
Balance at the beginning of the year | $ | 42,361 |  |  | $ | 70,185 |
Charge-offs | (355) |  |  | (187) |
Recoveries of loans previously charged-off | 849 |  |  | 362 |
Reversal of provision for credit losses on loans | (2,522) |  |  | (6,135) |
Balance at the end of the year | $ | 40,333 |  |  | $ | 64,225 |
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Three Months Ended March 31, 2022
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 17,777 |  |  | $ | (163) |  |  | $ | 272 |  |  | $ | (2,621) |  |  | $ | 15,265 |
Owner-occupied CRE | 6,411 |  |  | (36) |  |  | — |  |  | 710 |  |  | 7,085 |
Non-owner occupied CRE | 8,861 |  |  | — |  |  | — |  |  | 721 |  |  | 9,582 |
Total commercial business | 33,049 |  |  | (199) |  |  | 272 |  |  | (1,190) |  |  | 31,932 |
Residential real estate | 1,409 |  |  | (30) |  |  | 3 |  |  | 421 |  |  | 1,803 |
Real estate construction and land development:
Residential | 1,304 |  |  | — |  |  | 8 |  |  | (188) |  |  | 1,124 |
| Three Months Ended March 31, 2022
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial and multifamily | 3,972 |  |  | — |  |  | — |  |  | (797) |  |  | 3,175 |
Total real estate construction and land development | 5,276 |  |  | — |  |  | 8 |  |  | (985) |  |  | 4,299 |
Consumer | 2,627 |  |  | (126) |  |  | 566 |  |  | (768) |  |  | 2,299 |
Total | $ | 42,361 |  |  | $ | (355) |  |  | $ | 849 |  |  | $ | (2,522) |  |  | $ | 40,333 |
| 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 |
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 |

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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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