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Allowance for Loan Losses (Tables)

3 Months Ended

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

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X

- References

No definition available.

+ Details

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