Commitments and Contingencies

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and ContingenciesIn the ordinary course of business, the Bank may enter into various types of transactions that include commitments to extend credit that are not included in its unaudited Condensed Consolidated Financial Statements. The Bank applies the same

credit standards to these commitments as it uses in all its lending activities and has included these commitments in its lending risk evaluations. The majority of the commitments presented below are variable rate. Loan commitments can be either revolving or non-revolving. The Bank’s exposure to credit and market risk under commitments to extend credit is represented by the amount of these commitments.

The following table presents outstanding commitments to extend credit, including letters of credit, at the dates indicated:


	March 31, 2023		December 31, 2022
	(In thousands)
Commercial business:
Commercial and industrial	$	537,442	$	548,438
Owner-occupied CRE	3,305		3,083
Non-owner occupied CRE	26,664		13,396
Total commercial business	567,411		564,917

Real estate construction and land development:
Residential	46,664		43,460
Commercial and multifamily	355,507		348,956
Total real estate construction and land development	402,171		392,416
Consumer	327,727		323,016
Total outstanding commitments	$	1,297,309	$	1,280,349

The following table details the activity in the ACL on unfunded commitments during the periods indicated:


	Three Months Ended March 31,
	2023		2022
	(In thousands)
Balance, beginning of period	$	1,744	$	2,607
Provision for (reversal of) credit losses on unfunded commitments	112		(1,055)
Balance, end of period	$	1,856	$	1,552