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v3.22.2.2

Allowance for Loan Losses (Tables) | 9 Months Ended
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Sep. 30, 2022
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, 2022 and 2021 is as follows:
| Nine Months Ended September 30, |  |  |  |
| 2022 |  | 2021 |  |  |  |
| (In thousands) |  |  |  |
Beginning balance | $ | 42,361 |  |  | $ | 70,185 |  |  |  |  |
Charge-offs | (742) |  |  | (1,267) |  |  |  |  |
Recoveries of loans previously charged-off | 1,722 |  |  | 1,207 |  |  |  |  |
Reversal of provision for credit losses on loans | (1,252) |  |  | (21,808) |  |  |  |  |
Ending balance | $ | 42,089 |  |  | $ | 48,317 |  |  |  |  |
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Three Months Ended September 30, 2022
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 14,033 |  |  | $ | — |  |  | $ | 455 |  |  | $ | 180 |  |  | $ | 14,668 |
Owner-occupied CRE | 8,162 |  |  | — |  |  | — |  |  | (443) |  |  | 7,719 |
Non-owner occupied CRE | 9,512 |  |  | — |  |  | — |  |  | 41 |  |  | 9,553 |
Total commercial business | 31,707 |  |  | — |  |  | 455 |  |  | (222) |  |  | 31,940 |
Residential real estate | 2,137 |  |  | — |  |  | — |  |  | 408 |  |  | 2,545 |
Real estate construction and land development:
Residential | 1,081 |  |  | — |  |  | 5 |  |  | 208 |  |  | 1,294 |
Commercial and multifamily | 2,203 |  |  | — |  |  | 102 |  |  | 1,505 |  |  | 3,810 |
Total real estate construction and land development | 3,284 |  |  | — |  |  | 107 |  |  | 1,713 |  |  | 5,104 |
Consumer | 2,568 |  |  | (138) |  |  | 50 |  |  | 20 |  |  | 2,500 |
Total | $ | 39,696 |  |  | $ | (138) |  |  | $ | 612 |  |  | $ | 1,919 |  |  | $ | 42,089 |
| Nine Months Ended September 30, 2022
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 17,777 |  |  | $ | (280) |  |  | $ | 876 |  |  | $ | (3,705) |  |  | $ | 14,668 |
Owner-occupied CRE | 6,411 |  |  | (36) |  |  | — |  |  | 1,344 |  |  | 7,719 |
Non-owner occupied CRE | 8,861 |  |  | — |  |  | — |  |  | 692 |  |  | 9,553 |
Total commercial business | 33,049 |  |  | (316) |  |  | 876 |  |  | (1,669) |  |  | 31,940 |
Residential real estate | 1,409 |  |  | (30) |  |  | 3 |  |  | 1,163 |  |  | 2,545 |
Real estate construction and land development:
Residential | 1,304 |  |  | — |  |  | 19 |  |  | (29) |  |  | 1,294 |
Commercial and multifamily | 3,972 |  |  | — |  |  | 155 |  |  | (317) |  |  | 3,810 |
Total real estate construction and land development | 5,276 |  |  | — |  |  | 174 |  |  | (346) |  |  | 5,104 |
Consumer | 2,627 |  |  | (396) |  |  | 669 |  |  | (400) |  |  | 2,500 |
Total | $ | 42,361 |  |  | $ | (742) |  |  | $ | 1,722 |  |  | $ | (1,252) |  |  | $ | 42,089 |
| Three Months Ended September 30, 2021
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 17,485 |  |  | $ | (743) |  |  | $ | 373 |  |  | $ | 1,531 |  |  | $ | 18,646 |
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 |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 30,010 |  |  | $ | (757) |  |  | $ | 710 |  |  | $ | (11,317) |  |  | $ | 18,646 |
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 |

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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 https://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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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