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v3.22.4

Allowance for Credit Losses on Loans (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Schedule of changes in allowance for loan losses | The following table presents a summary of the changes in the ACL for the periods indicated:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Balance at the beginning of the year | $ | 42,361 |  |  | $ | 70,185 |  |  | $ | 36,171 |
Impact of CECL Adoption | — |  |  | — |  |  | 1,822 |
Balance at the beginning of the year, as adjusted | 42,361 |  |  | 70,185 |  |  | 37,993 |
Charge-offs | (893) |  |  | (1,946) |  |  | (5,622) |
Recoveries of loans previously charged-off | 2,081 |  |  | 1,420 |  |  | 2,381 |
(Reversal of) provision for credit losses on loans | (563) |  |  | (27,298) |  |  | 35,433 |
Balance at the end of the year | $ | 42,986 |  |  | $ | 42,361 |  |  | $ | 70,185 |
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Year Ended December 31, 2022
| Beginning Balance |  |  |  |  |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 17,777 |  |  |  |  |  |  | $ | (280) |  |  | $ | 929 |  |  | $ | (4,464) |  |  | $ | 13,962 |
Owner-occupied CRE | 6,411 |  |  |  |  |  |  | (36) |  |  | — |  |  | 1,105 |  |  | 7,480 |
Non-owner occupied CRE | 8,861 |  |  |  |  |  |  | — |  |  | — |  |  | 415 |  |  | 9,276 |
Total commercial business | 33,049 |  |  |  |  |  |  | (316) |  |  | 929 |  |  | (2,944) |  |  | 30,718 |
Residential real estate | 1,409 |  |  |  |  |  |  | (30) |  |  | 3 |  |  | 1,490 |  |  | 2,872 |
Real estate construction and land development:
Residential | 1,304 |  |  |  |  |  |  | — |  |  | 229 |  |  | 121 |  |  | 1,654 |
Commercial and multifamily | 3,972 |  |  |  |  |  |  | — |  |  | 155 |  |  | 1,282 |  |  | 5,409 |
Total real estate construction and land development | 5,276 |  |  |  |  |  |  | — |  |  | 384 |  |  | 1,403 |  |  | 7,063 |
Consumer | 2,627 |  |  |  |  |  |  | (547) |  |  | 765 |  |  | (512) |  |  | 2,333 |
Total | $ | 42,361 |  |  |  |  |  |  | $ | (893) |  |  | $ | 2,081 |  |  | $ | (563) |  |  | $ | 42,986 |
| Year Ended December 31, 2021
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 30,010 |  |  | $ | (917) |  |  | $ | 791 |  |  | $ | (12,107) |  |  | $ | 17,777 |
Owner-occupied CRE | 9,486 |  |  | (359) |  |  | 25 |  |  | (2,741) |  |  | 6,411 |
| Year Ended December 31, 2021
| Beginning Balance |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Non-owner occupied CRE | 10,112 |  |  | — |  |  | — |  |  | (1,251) |  |  | 8,861 |
Total commercial business | 49,608 |  |  | (1,276) |  |  | 816 |  |  | (16,099) |  |  | 33,049 |
Residential real estate | 1,591 |  |  | — |  |  | — |  |  | (182) |  |  | 1,409 |
Real estate construction and land development:
Residential | 1,951 |  |  | — |  |  | 32 |  |  | (679) |  |  | 1,304 |
Commercial and multifamily | 11,141 |  |  | (1) |  |  | — |  |  | (7,168) |  |  | 3,972 |
Total real estate construction and land development | 13,092 |  |  | (1) |  |  | 32 |  |  | (7,847) |  |  | 5,276 |
Consumer | 5,894 |  |  | (669) |  |  | 572 |  |  | (3,170) |  |  | 2,627 |
Total | $ | 70,185 |  |  | $ | (1,946) |  |  | $ | 1,420 |  |  | $ | (27,298) |  |  | $ | 42,361 |
| Year Ended December 31, 2020
| Beginning Balance |  | Impact of CECL Adoption |  | Beginning Balance, as Adjusted |  | Charge-offs |  | Recoveries |  | (Reversal of) Provision for Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 11,739 |  |  | $ | (1,348) |  |  | $ | 10,391 |  |  | $ | (3,616) |  |  | $ | 1,513 |  |  | $ | 21,722 |  |  | $ | 30,010 |
Owner-occupied CRE | 4,512 |  |  | 452 |  |  | 4,964 |  |  | (135) |  |  | 17 |  |  | 4,640 |  |  | 9,486 |
Non-owner occupied CRE | 7,682 |  |  | (2,039) |  |  | 5,643 |  |  | — |  |  | — |  |  | 4,469 |  |  | 10,112 |
Total commercial business | 23,933 |  |  | (2,935) |  |  | 20,998 |  |  | (3,751) |  |  | 1,530 |  |  | 30,831 |  |  | 49,608 |
Residential real estate | 1,458 |  |  | 1,471 |  |  | 2,929 |  |  | — |  |  | 3 |  |  | (1,341) |  |  | 1,591 |
Real estate construction and land development:
Residential | 1,455 |  |  | (571) |  |  | 884 |  |  | — |  |  | 278 |  |  | 789 |  |  | 1,951 |
Commercial and multifamily | 1,605 |  |  | 7,240 |  |  | 8,845 |  |  | (417) |  |  | — |  |  | 2,713 |  |  | 11,141 |
Total real estate construction and land development | 3,060 |  |  | 6,669 |  |  | 9,729 |  |  | (417) |  |  | 278 |  |  | 3,502 |  |  | 13,092 |
Consumer | 6,821 |  |  | (2,484) |  |  | 4,337 |  |  | (1,454) |  |  | 570 |  |  | 2,441 |  |  | 5,894 |
Unallocated | 899 |  |  | (899) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 36,171 |  |  | $ | 1,822 |  |  | $ | 37,993 |  |  | $ | (5,622) |  |  | $ | 2,381 |  |  | $ | 35,433 |  |  | $ | 70,185 |

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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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