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Allowance for Loan Losses (Tables)

9 Months Ended

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

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X

- References

No definition available.

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