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Allowance for Credit Losses (“ACL”) on Loans (Tables)
 12 Months Ended
Dec. 31, 2021
Credit Loss [Abstract]  
Schedule of Allowance for Credit Losses for Off-Balance Sheet credit Exposures
The table below summarizes the allowance for credit losses for off-balance sheet credit exposures (in thousands):
Year Ended December 31, 2021
Balance at beginning of period$808 
Impact of CECL adoption737
Balance at beginning of period1,545 
Provision for credit losses307 
Balance at end of period$1,852 

A summary of changes in the allowance for credit losses for the years ended December 31, 2021, 2020, and 2019 follows (in thousands): 
 December 31,
 202120202019
Balance at beginning of year$37,607 $28,707 $27,497 
Impact of CECL adoption10,353 — — 
Balance at January 147,960 28,707 27,497 
(Benefit)/provision for credit losses(6,184)12,742 22 
Recoveries278 465 2,175 
Charge-offs(3,081)(4,307)(987)
Balance at end of year$38,973 $37,607 $28,707 
Activity In Allowance For Loan Losses
The following tables set forth activity in our allowance for credit losses by loan type, as of, and for the years ended, December 31, 2021, and December 31, 2020. The following tables also detail the amount of loans receivable held-for-investment, net of deferred loan fees and costs, that are evaluated, individually and collectively, for impairment, and the related portion of allowance for credit losses that is allocated to each loan portfolio segment (in thousands):

 December 31, 2021
 Real Estate    
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:        
Beginning balance$33,005 $207 $260 $1,214 $1,842 $198 $36,726 $881 $37,607 
Impact of CECL adoption(1,949)5,233 419 (921)947 (188)3,541 6,812 10,353 
Balance at January 1, 202131,056 5,440 679 293 2,789 10 40,267 7,693 47,960 
Charge-offs— (21)— — (646)(3)(670)(2,411)(3,081)
Recoveries60 29 26 — 39 5 159 119 278 
Provisions (credit)(4,331)(1,903)(145)(124)991 (3)(5,515)(669)(6,184)
Ending balance$26,785 $3,545 $560 $169 $3,173 $9 $34,241 $4,732 $38,973 
Ending balance: individually evaluated for impairment$25 $2 $2 $— $1 $— $30 $— $30 
Ending balance: collectively evaluated for impairment$26,760 $3,543 $558 $169 $3,172 $9 $34,211 $— $34,211 
Ending balance: PCD loans evaluated for impairment (2)
$— $— $— $— $— $— $— $4,732 $4,732 
Loans, net:       
Ending balance$3,326,662 $183,665 $109,956 $27,495 $141,005 $2,015 $3,790,798 $15,819 $3,806,617 
Ending balance: individually evaluated for impairment$8,352 $1,562 $38 $— $34 $— $9,986 $— $9,986 
Ending balance: collectively evaluated for impairment$3,318,310 $182,103 $109,918 $27,495 $100,454 $2,015 $3,740,295 $— $3,740,295 
Ending balance: PCD loans evaluated for impairment (2)
$— $— $— $— $— $— $— $15,819 $15,819 
PPP loans not evaluated for impairment (3)
$— $— $— $— $40,517 $— $40,517 $— $40,517 
(1) Commercial includes commercial real estate loans collateralized by owner-occupied, non-owner occupied, and multifamily properties.
(2) Upon adoption of CECL, the Company elected to maintain pools of PCD loans that were previously accounted for under ASC 310-30, and will continue to evaluate PCD loans under this guidance.
(3) PPP loans are guaranteed by the SBA and therefore excluded from the allowance for credit losses.
 December 31, 2020
 Real Estate    
 CommercialMultifamilyOne-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCI)PCITotal
Allowance for credit losses:         
Beginning balance$4,891 $20,203 $180 $317 $536 $1,640 $151 $27,918 $789 $28,707 
Charge-offs(4,213)— — — — (94)— (4,307)— (4,307)
Recoveries414 — 5 27 — 13 6 465 — 465 
Provisions (credit)4,918 6,792 22 (84)678 283 41 12,650 92 12,742 
Ending balance$6,010 $26,995 $207 $260 $1,214 $1,842 $198 $36,726 $881 $37,607 
Ending balance: individually evaluated for impairment$66 $— $— $3 $— $4 $— $73 $— $73 
Ending balance: collectively evaluated for impairment$5,944 $26,995 $207 $257 $1,214 $1,838 $198 $36,653 $881 $37,534 
Loans, net:       
Ending balance$717,566 $2,512,934 $212,222 $93,137 $74,351 $191,481 $3,029 $3,804,720 $18,518 $3,823,238 
Ending balance: individually evaluated for impairment$10,650 $626 $1,903 $47 $— $16 $— 13,242 $— $13,242 
Ending balance: collectively evaluated for impairment$706,916 $2,512,308 $210,319 $93,090 $74,351 $64,930 $3,029 $3,664,943 $18,518 $3,683,461 
PPP loans not evaluated for impairment (1)
$— $— $— $— $— $126,535 $— $126,535 $— $126,535 
(1) PPP loans are guaranteed by the SBA and therefore excluded from the allowance for credit losses.