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Allowance for Loan Losses (Tables) | 6 Months Ended
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Jun. 30, 2022
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, 2022 and 2021 is as follows:
| Six Months Ended June 30, |  |  |  |
| 2022 |  | 2021 |  |  |  |
| (In thousands) |  |  |  |
Beginning balance | $ | 42,361 |  |  | $ | 70,185 |  |  |  |  |
Charge-offs | (604) |  |  | (320) |  |  |  |  |
Recoveries of loans previously charged-off | 1,110 |  |  | 653 |  |  |  |  |
Reversal of provision for credit losses on loans | (3,171) |  |  | (18,956) |  |  |  |  |
Ending balance | $ | 39,696 |  |  | $ | 51,562 |  |  |  |  |
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Three Months Ended June 30, 2022
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 15,265 |  |  | $ | (117) |  |  | $ | 149 |  |  | $ | (1,264) |  |  | $ | 14,033 |
Owner-occupied CRE | 7,085 |  |  | — |  |  | — |  |  | 1,077 |  |  | 8,162 |
Non-owner occupied CRE | 9,582 |  |  | — |  |  | — |  |  | (70) |  |  | 9,512 |
Total commercial business | 31,932 |  |  | (117) |  |  | 149 |  |  | (257) |  |  | 31,707 |
Residential real estate | 1,803 |  |  | — |  |  | — |  |  | 334 |  |  | 2,137 |
Real estate construction and land development:
Residential | 1,124 |  |  | — |  |  | 6 |  |  | (49) |  |  | 1,081 |
Commercial and multifamily | 3,175 |  |  | — |  |  | 53 |  |  | (1,025) |  |  | 2,203 |
Total real estate construction and land development | 4,299 |  |  | — |  |  | 59 |  |  | (1,074) |  |  | 3,284 |
Consumer | 2,299 |  |  | (132) |  |  | 53 |  |  | 348 |  |  | 2,568 |
Total | $ | 40,333 |  |  | $ | (249) |  |  | $ | 261 |  |  | $ | (649) |  |  | $ | 39,696 |
| Six Months Ended June 30, 2022
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 17,777 |  |  | $ | (280) |  |  | $ | 421 |  |  | $ | (3,885) |  |  | $ | 14,033 |
Owner-occupied CRE | 6,411 |  |  | (36) |  |  | — |  |  | 1,787 |  |  | 8,162 |
Non-owner occupied CRE | 8,861 |  |  | — |  |  | — |  |  | 651 |  |  | 9,512 |
Total commercial business | 33,049 |  |  | (316) |  |  | 421 |  |  | (1,447) |  |  | 31,707 |
Residential real estate | 1,409 |  |  | (30) |  |  | 3 |  |  | 755 |  |  | 2,137 |
Real estate construction and land development:
Residential | 1,304 |  |  | — |  |  | 14 |  |  | (237) |  |  | 1,081 |
Commercial and multifamily | 3,972 |  |  | — |  |  | 53 |  |  | (1,822) |  |  | 2,203 |
Total real estate construction and land development | 5,276 |  |  | — |  |  | 67 |  |  | (2,059) |  |  | 3,284 |
Consumer | 2,627 |  |  | (258) |  |  | 619 |  |  | (420) |  |  | 2,568 |
Total | $ | 42,361 |  |  | $ | (604) |  |  | $ | 1,110 |  |  | $ | (3,171) |  |  | $ | 39,696 |
| 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 |
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: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 30,010 |  |  | $ | (14) |  |  | $ | 337 |  |  | $ | (12,848) |  |  | $ | 17,485 |
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 |

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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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