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v3.23.1

Allowance for Loan Losses (Tables) | 3 Months Ended
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Mar. 31, 2023
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:
| Three Months Ended March 31, |  |  |  |
| 2023 |  | 2022 |  |  |  |
| (In thousands) |  |  |  |
Beginning balance | $ | 42,986 |  |  | $ | 42,361 |  |  |  |  |
Charge-offs | (314) |  |  | (355) |  |  |  |  |
Recoveries of loans previously charged-off | 84 |  |  | 849 |  |  |  |  |
Provision for (reversal of) credit losses | 1,713 |  |  | (2,522) |  |  |  |  |
Ending balance | $ | 44,469 |  |  | $ | 40,333 |  |  |  |  |
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Three Months Ended March 31, 2023
| Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision for (Reversal of) Credit Losses |  | Ending Balance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 13,962 |  |  | $ | (161) |  |  | $ | 51 |  |  | $ | (286) |  |  | $ | 13,566 |
Owner-occupied CRE | 7,480 |  |  | — |  |  | — |  |  | 45 |  |  | 7,525 |
Non-owner occupied CRE | 9,276 |  |  | — |  |  | — |  |  | (430) |  |  | 8,846 |
Total commercial business | 30,718 |  |  | (161) |  |  | 51 |  |  | (671) |  |  | 29,937 |
Residential real estate | 2,872 |  |  | — |  |  | — |  |  | 30 |  |  | 2,902 |
Real estate construction and land development:
Residential | 1,654 |  |  | — |  |  | — |  |  | (112) |  |  | 1,542 |
Commercial and multifamily | 5,409 |  |  | — |  |  | — |  |  | 2,034 |  |  | 7,443 |
Total real estate construction and land development | 7,063 |  |  | — |  |  | — |  |  | 1,922 |  |  | 8,985 |
Consumer | 2,333 |  |  | (153) |  |  | 33 |  |  | 432 |  |  | 2,645 |
Total | $ | 42,986 |  |  | $ | (314) |  |  | $ | 84 |  |  | $ | 1,713 |  |  | $ | 44,469 |
| 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 |
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 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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