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Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses

3 Months Ended

Mar. 31, 2022

Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses

Loan and lease receivables consist of the following:


	March 31, 2022		December 31, 2021
	(In Thousands)
Commercial real estate:
Commercial real estate — owner occupied	$	254,237	$	235,589
Commercial real estate — non-owner occupied	656,185		661,423
Land development	40,092		42,792
Construction	200,472		179,841
Multi-family	302,494		320,072
1-4 family	16,198		14,911
Total commercial real estate	1,469,678		1,454,628
Commercial and industrial	720,695		730,819
Direct financing leases, net	14,551		15,743
Consumer and other:
Home equity and second mortgages	4,523		4,223
Other	43,066		35,518
Total consumer and other	47,589		39,741
Total gross loans and leases receivable	2,252,513		2,240,931
Less:
Allowance for loan and lease losses	23,669		24,336
Deferred loan fees	1,264		1,523
Loans and leases receivable, net	$	2,227,580	$	2,215,072

As of March 31, 2022 and December 31, 2021, the Corporation had $18.5 million and $27.9 million, respectively, in gross PPP loans outstanding included in the commercial and industrial loan category and deferred processing fees outstanding of $308,000 and $557,000, respectively, included in deferred loan fees. The processing fees are deferred and recognized over the contractual life of the loan, or accelerated at forgiveness, as an adjustment of yield using the interest method. The SBA provides a guaranty to the lender of 100% of principal and interest, unless the lender violated an obligation under the agreement. As loan losses are expected to be immaterial, if any at all, due to the guaranty, management excluded the PPP loans from the allowance for loan and lease losses calculation. Management funded these short-term loans primarily through a combination of excess cash held at the Federal Reserve and from an increase in in-market deposits.

The total amount of the Corporation’s ownership of SBA loans on-balance sheet is comprised of the following:


	March 31, 2022		December 31, 2021
	(In Thousands)
SBA 7(a) loans	$	31,724	$	33,223
SBA 504 loans	42,432		41,394
SBA Express loans and lines of credit	370		387
SBA PPP loans	18,514		27,854
Total SBA loans	$	93,040	$	102,858

As of March 31, 2022 and December 31, 2021, $1.2 million and $1.7 million of SBA loans were considered impaired, respectively.

Loans transferred to third parties consist of the guaranteed portions of SBA loans which the Corporation sold in the secondary market and participation interests in other, non-SBA originated loans. The total principal amount of the guaranteed portions of SBA loans sold during the three months ended March 31, 2022, and 2021, was $5.6 million and $10.6 million, respectively.

Each of the transfers of these financial assets met the qualifications for sale accounting, and therefore all of the loans transferred during the three months ended March 31, 2022, and 2021, have been derecognized in the unaudited Consolidated Financial Statements. The guaranteed portions of SBA loans were transferred at their fair value and the related gain was recognized upon the transfer as non-interest income in the unaudited Consolidated Financial Statements. The total outstanding balance of sold SBA loans at March 31, 2022, and December 31, 2021, was $90.2 million and $93.0 million, respectively.

The total principal amount of transferred participation interests in other, non-SBA originated loans during the three months ended March 31, 2022, and 2021, was $22.1 million and $5.2 million, respectively, all of which were treated as sales and derecognized under the applicable accounting guidance at the time of transfer. No gain or loss was recognized on participation interests in other, non-SBA originated loans as they were transferred at or near the date of loan origination and the payments received for servicing the portion of the loans participated represents adequate compensation. The total outstanding balance of these transferred loans at March 31, 2022, and December 31, 2021, was $186.3 million and $195.2 million, respectively. As of March 31, 2022, and December 31, 2021, the total amount of the Corporation’s partial ownership of these transferred loans on the unaudited Consolidated Balance Sheets was $323.1 million and $314.5 million, respectively. As of March 31, 2022 and December 31, 2021, the non-SBA originated participation portfolio contained no impaired loans. The Corporation does not share in the participant’s portion of any potential charge-offs. There were no loan participations purchased on the unaudited Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021.

The following tables illustrate ending balances of the Corporation’s loan and lease portfolio, including impaired loans by class of receivable, and considering certain credit quality indicators:


	March 31, 2022
	Category
	I			II			III			IV			Total
	(Dollars in Thousands)
Commercial real estate:
Commercial real estate — owner occupied	$	188,154		$	51,867		$	13,872		$	344		$	254,237
Commercial real estate — non-owner occupied	538,218			94,791			23,176			—			656,185
Land development	39,762			330			—			—			40,092
Construction	150,105			18,700			31,667			—			200,472
Multi-family	274,304			16,972			11,218			—			302,494
1-4 family	13,135			2,340			392			331			16,198
Total commercial real estate	1,203,678			185,000			80,325			675			1,469,678
Commercial and industrial	568,797			106,637			40,200			5,061			720,695
Direct financing leases, net	9,848			196			4,423			84			14,551
Consumer and other:
Home equity and second mortgages	2,668			1,566			289			—			4,523
Other	42,852			214			—			—			43,066
Total consumer and other	45,520			1,780			289			—			47,589
Total gross loans and leases receivable	$	1,827,843		$	293,613		$	125,237		$	5,820		$	2,252,513
Category as a % of total portfolio	81.15		%	13.03		%	5.56		%	0.26		%	100.00		%


	December 31, 2021
	Category
	I			II			III			IV			Total
	(Dollars in Thousands)
Commercial real estate:
Commercial real estate — owner occupied	$	192,849		$	31,611		$	10,781		$	348		$	235,589
Commercial real estate — non-owner occupied	540,572			88,880			31,971			—			661,423
Land development	41,745			1,047			—			—			42,792
Construction	130,285			18,973			30,583			—			179,841
Multi-family	280,183			28,623			11,266			—			320,072
1-4 family	12,057			2,113			402			339			14,911
Total commercial real estate	1,197,691			171,247			85,003			687			1,454,628
Commercial and industrial	594,388			97,678			32,964			5,789			730,819
Direct financing leases, net	10,829			168			4,647			99			15,743
Consumer and other:
Home equity and second mortgages	2,473			1,683			67			—			4,223
Other	35,249			269			—			—			35,518
Total consumer and other	37,722			1,952			67			—			39,741
Total gross loans and leases receivable	$	1,840,630		$	271,045		$	122,681		$	6,575		$	2,240,931
Category as a % of total portfolio	82.14		%	12.10		%	5.47		%	0.29		%	100.00		%

Each credit is evaluated for proper risk rating upon origination, at the time of each subsequent renewal, upon receipt and evaluation of updated financial information from the Corporation’s borrowers, or as other circumstances dictate. The Corporation primarily uses a nine grade risk rating system to monitor the ongoing credit quality of its loans and leases. The risk rating grades follow a consistent definition and are then applied to specific loan types based on the nature of the loan. Each risk rating is subjective and, depending on the size and nature of the credit, subject to various levels of review and concurrence on the stated risk rating. In addition to its nine grade risk rating system, the Corporation groups loans into four loan and related risk categories which determine the level and nature of review by management.

Category I — Loans and leases in this category are performing in accordance with the terms of the contract and generally exhibit no immediate concerns regarding the security and viability of the underlying collateral, financial stability of the borrower, integrity or strength of the borrowers’ management team, or the industry in which the borrower operates. The Corporation monitors Category I loans and leases through payment performance, continued maintenance of its personal relationships with such borrowers, and continued review of such borrowers’ compliance with the terms of their respective agreements.

Category II — Loans and leases in this category are beginning to show signs of deterioration in one or more of the Corporation’s core underwriting criteria such as financial stability, management strength, industry trends, or collateral values. Management will place credits in this category to allow for proactive monitoring and resolution with the borrower to possibly mitigate the area of concern and prevent further deterioration or risk of loss to the Corporation. Category II loans are considered performing but are monitored frequently by the assigned business development officer and by asset quality review committees.

Category III — Loans and leases in this category are identified by management as warranting special attention. However, the balance in this category is not intended to represent the amount of adversely classified assets held by the Bank. Category III loans and leases generally exhibit undesirable characteristics, such as evidence of adverse financial trends and conditions, managerial problems, deteriorating economic conditions within the related industry, or evidence of adverse public filings and may exhibit collateral shortfall positions. Management continues to believe that it will collect all contractual principal and interest in accordance with the original terms of the contracts relating to the loans and leases in this category, and therefore Category III loans are considered performing with no specific reserves established for this category. Category III loans are monitored by management and asset quality review committees on a monthly basis.

Category IV — Loans and leases in this category are considered to be impaired. Impaired loans and leases, with the exception of performing TDRs, have been placed on non-accrual as management has determined that it is unlikely that the Bank will receive the contractual principal and interest in accordance with the original terms of the agreement. Impaired loans are

individually evaluated to assess the need for the establishment of specific reserves or charge-offs. When analyzing the adequacy of collateral, the Corporation obtains external appraisals at least annually for impaired loans and leases. External appraisals are obtained from the Corporation’s approved appraiser listing and are independently reviewed to monitor the quality of such appraisals. To the extent a collateral shortfall position is present, a specific reserve or charge-off will be recorded to reflect the magnitude of the impairment. Loans and leases in this category are monitored by management and asset quality review committees on a monthly basis.

The delinquency aging of the loan and lease portfolio by class of receivable was as follows:


	March 31, 2022
	30-59 Days Past Due			60-89 Days Past Due			Greater Than 90 Days Past Due			Total Past Due			Current			Total Loans and Leases
	(Dollars in Thousands)
Accruing loans and leases
Commercial real estate:
Owner occupied	$	—		$	—		$	—		$	—		$	253,893		$	253,893
Non-owner occupied	—			—			—			—			656,185			656,185
Land development	—			—			—			—			40,092			40,092
Construction	—			—			—			—			200,472			200,472
Multi-family	—			—			—			—			302,494			302,494
1-4 family	20			—			—			20			15,847			15,867
Commercial and industrial	836			58			—			894			714,943			715,837
Direct financing leases, net	100			—			—			100			14,367			14,467
Consumer and other:
Home equity and second mortgages	—			—			—			—			4,523			4,523
Other	—			—			—			—			43,066			43,066
Total	956			58			—			1,014			2,245,882			2,246,896
Non-accruing loans and leases
Commercial real estate:
Owner occupied	—			—			113			113			231			344
Non-owner occupied	—			—			—			—			—			—
Land development	—			—			—			—			—			—
Construction	—			—			—			—			—			—
Multi-family	—			—			—			—			—			—
1-4 family	—			—			—			—			331			331
Commercial and industrial	134			29			1,286			1,449			3,409			4,858
Direct financing leases, net	—			—			84			84			—			84
Consumer and other:
Home equity and second mortgages	—			—			—			—			—			—
Other	—			—			—			—			—			—
Total	134			29			1,483			1,646			3,971			5,617
Total loans and leases
Commercial real estate:
Owner occupied	—			—			113			113			254,124			254,237
Non-owner occupied	—			—			—			—			656,185			656,185
Land development	—			—			—			—			40,092			40,092
Construction	—			—			—			—			200,472			200,472
Multi-family	—			—			—			—			302,494			302,494
1-4 family	20			—			—			20			16,178			16,198
Commercial and industrial	970			87			1,286			2,343			718,352			720,695
Direct financing leases, net	100			—			84			184			14,367			14,551
Consumer and other:
Home equity and second mortgages	—			—			—			—			4,523			4,523
Other	—			—			—			—			43,066			43,066
Total	$	1,090		$	87		$	1,483		$	2,660		$	2,249,853		$	2,252,513
Percent of portfolio	0.05		%	0.01		%	0.06		%	0.12		%	99.88		%	100.00		%


	December 31, 2021
	30-59 Days Past Due			60-89 Days Past Due			Greater Than 90 Days Past Due			Total Past Due			Current			Total Loans and Leases
	(Dollars in Thousands)
Accruing loans and leases
Commercial real estate:
Owner occupied	$	420		$	—		$	—		$	420		$	234,821		$	235,241
Non-owner occupied	—			—			—			—			661,423			661,423
Land development	—			—			—			—			42,792			42,792
Construction	394			—			—			394			179,447			179,841
Multi-family	—			—			—			—			320,072			320,072
1-4 family	100			—			—			100			14,472			14,572
Commercial and industrial	907			536			—			1,443			723,804			725,247
Direct financing leases, net	281			14			—			295			15,349			15,644
Consumer and other:
Home equity and second mortgages	—			—			—			—			4,223			4,223
Other	—			—			—			—			35,518			35,518
Total	2,102			550			—			2,652			2,231,921			2,234,573
Non-accruing loans and leases
Commercial real estate:
Owner occupied	—			—			113			113			235			348
Non-owner occupied	—			—			—			—			—			—
Land development	—			—			—			—			—			—
Construction	—			—			—			—			—			—
Multi-family	—			—			—			—			—			—
1-4 family	—			—			—			—			339			339
Commercial and industrial	23			36			1,445			1,504			4,068			5,572
Direct financing leases, net	—			—			84			84			15			99
Consumer and other:
Home equity and second mortgages	—			—			—			—			—			—
Other	—			—			—			—			—			—
Total	23			36			1,642			1,701			4,657			6,358
Total loans and leases
Commercial real estate:
Owner occupied	420			—			113			533			235,056			235,589
Non-owner occupied	—			—			—			—			661,423			661,423
Land development	—			—			—			—			42,792			42,792
Construction	394			—			—			394			179,447			179,841
Multi-family	—			—			—			—			320,072			320,072
1-4 family	100			—			—			100			14,811			14,911
Commercial and industrial	930			572			1,445			2,947			727,872			730,819
Direct financing leases, net	281			14			84			379			15,364			15,743
Consumer and other:
Home equity and second mortgages	—			—			—			—			4,223			4,223
Other	—			—			—			—			35,518			35,518
Total	$	2,125		$	586		$	1,642		$	4,353		$	2,236,578		$	2,240,931
Percent of portfolio	0.09		%	0.03		%	0.07		%	0.19		%	99.81		%	100.00		%

The Corporation’s total impaired assets consisted of the following:


	March 31, 2022		December 31, 2021
	(In Thousands)
Non-accrual loans and leases
Commercial real estate:
Commercial real estate — owner occupied	$	344	$	348
Commercial real estate — non-owner occupied	—		—
Land development	—		—
Construction	—		—
Multi-family	—		—
1-4 family	331		339
Total non-accrual commercial real estate	675		687
Commercial and industrial	4,858		5,572
Direct financing leases, net	84		99
Consumer and other:
Home equity and second mortgages	—		—
Other	—		—
Total non-accrual consumer and other loans	—		—
Total non-accrual loans and leases	5,617		6,358
Foreclosed properties, net	117		164
Total non-performing assets	5,734		6,522
Performing troubled debt restructurings	203		217
Total impaired assets	$	5,937	$	6,739


	March 31, 2022		December 31, 2021
Total non-accrual loans and leases to gross loans and leases	0.25	%	0.28	%
Total non-performing assets to total gross loans and leases plus foreclosed properties, net	0.25		0.29
Total non-performing assets to total assets	0.21		0.25
Allowance for loan and lease losses to gross loans and leases	1.05		1.09
Allowance for loan and lease losses to non-accrual loans and leases	421.38		382.76

As of March 31, 2022 and December 31, 2021, $621,000 and $627,000 of the non-accrual loans and leases were considered TDRs, respectively. The Corporation has allocated $138,000 and $134,000 of specific reserves to TDRs as of March 31, 2022 and December 31, 2021, respectively. There were no unfunded commitments associated with TDR loans and leases as of March 31, 2022.

All loans and leases modified as TDRs are measured for impairment. The nature and extent of the impairment of restructured loans, including those which have experienced a default, is considered in the determination of an appropriate level of the allowance for loan and lease losses.

The following table provides the number of loans modified as a TDR and the pre- and post-modification recorded investment by class of receivable:


	For the Three Months Ended March 31,
	2021
			Number of Loans	Pre-Modification Recorded Investment		Post-Modification Recorded Investment
		(Dollars in Thousands)







Commercial and industrial			1	$	56	$	46

During the three months ended March 31, 2022, no loans were modified to TDR.

Restructured loan modifications may include payment schedule modifications, interest rate concessions, maturity date extensions, principal reduction, or some combination of these concessions. During the three months ended March 31, 2021, the modification of terms primarily consisted of payment schedule modifications or principal reductions.

There were no loans modified as a TDR during the previous 12 months which subsequently defaulted during the three months ended March 31, 2022 and 2021, respectively.

Additionally, the Corporation continues to work with borrowers impacted by COVID-19 and has provided modifications to include interest only deferrals and principal and interest deferrals. These modifications are excluded from TDR classification under Section 4013 of the CARES Act or under applicable interagency guidance of the federal banking regulators. As of March 31, 2022, the Corporation had no deferrals outstanding. As of December 31, 2021, the Corporation had three deferrals outstanding, representing $293,000 in total loans.

The following represents additional information regarding the Corporation’s impaired loans and leases, including performing TDRs, by class:


	As of and for the Three Months Ended March 31, 2022
	Recorded Investment(1)		Unpaid Principal Balance		Impairment Reserve		Average Recorded Investment(2)		Foregone Interest Income		Interest Income Recognized		Net Foregone Interest Income
	(In Thousands)
With no impairment reserve recorded:
Commercial real estate:
Owner occupied	$	344	$	382	$	—	$	346	$	6	$	—	$	6
Non-owner occupied	—		—		—		—		—		—		—
Land development	—		—		—		—		—		—		—
Construction	—		—		—		—		—		—		—
Multi-family	—		—		—		—		—		—		—
1-4 family	331		336		—		335		5		6		(1)
Commercial and industrial	3,609		3,709		—		4,546		68		21		47
Direct financing leases, net	—		—		—		16		—		1		(1)
Consumer and other:
Home equity and second mortgages	—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—
Total	4,284		4,427		—		5,243		79		28		51
With impairment reserve recorded:
Commercial real estate:
Owner occupied	—		—		—		—		—		—		—
Non-owner occupied	—		—		—		—		—		—		—
Land development	—		—		—		—		—		—		—
Construction	—		—		—		—		—		—		—
Multi-family	—		—		—		—		—		—		—
1-4 family	—		—		—		—		—		—		—
Commercial and industrial	1,452		1,452		1,141		1,084		25		—		25
Direct financing leases, net	84		84		84		73		1		—		1
Consumer and other:
Home equity and second mortgages	—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—
Total	1,536		1,536		1,225		1,157		26		—		26
Total:
Commercial real estate:
Owner occupied	344		382		—		346		6		—		6
Non-owner occupied	—		—		—		—		—		—		—
Land development	—		—		—		—		—		—		—
Construction	—		—		—		—		—		—		—
Multi-family	—		—		—		—		—		—		—
1-4 family	331		336		—		335		5		6		(1)
Commercial and industrial	5,061		5,161		1,141		5,630		93		21		72
Direct financing leases, net	84		84		84		89		1		1		—
Consumer and other:
Home equity and second mortgages	—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—
Grand total	$	5,820	$	5,963	$	1,225	$	6,400	$	105	$	28	$	77

(1)The recorded investment represents the unpaid principal balance net of any partial charge-offs.

(2)Average recorded investment is calculated primarily using daily average balances.


	As of and for the Year Ended December 31, 2021
	Recorded Investment(1)		Unpaid Principal Balance		Impairment Reserve		Average Recorded Investment(2)		Foregone Interest Income		Interest Income Recognized		Net Foregone Interest Income
	(In Thousands)
With no impairment reserve recorded:
Commercial real estate:
Owner occupied	$	348	$	386	$	—	$	2,217	$	145	$	218	$	(73)
Non-owner occupied	—		—		—		2,281		233		16		217
Land development	—		—		—		7		—		—		—
Construction	—		—		—		—		—		—		—
Multi-family	—		—		—		—		—		—		—
1-4 family	339		344		—		285		60		24		36
Commercial and industrial	3,717		3,819		—		7,914		522		179		343
Direct financing leases, net	15		15		—		2		1		—		1
Consumer and other:
Home equity and second mortgages	—		—		—		40		7		9		(2)
Other	—		—		—		8		23		—		23
Total	4,419		4,564		—		12,754		991		446		545
With impairment reserve recorded:
Commercial real estate:
Owner occupied	—		—		—		—		—		—		—
Non-owner occupied	—		—		—		—		—		—		—
Land development	—		—		—		—		—		—		—
Construction	—		—		—		—		—		—		—
Multi-family	—		—		—		—		—		—		—
1-4 family	—		—		—		—		—		—		—
Commercial and industrial	2,072		2,072		1,439		1,456		109		8		101
Direct financing leases, net	84		84		66		50		4		—		4
Consumer and other:
Home equity and second mortgages	—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—
Total	2,156		2,156		1,505		1,506		113		8		105
Total:
Commercial real estate:
Owner occupied	348		386		—		2,217		145		218		(73)
Non-owner occupied	—		—		—		2,281		233		16		217
Land development	—		—		—		7		—		—		—
Construction	—		—		—		—		—		—		—
Multi-family	—		—		—		—		—		—		—
1-4 family	339		344		—		285		60		24		36
Commercial and industrial	5,789		5,891		1,439		9,370		631		187		444
Direct financing leases, net	99		99		66		52		5		—		5
Consumer and other:
Home equity and second mortgages	—		—		—		40		7		9		(2)
Other	—		—		—		8		23		—		23
Grand total	$	6,575	$	6,720	$	1,505	$	14,260	$	1,104	$	454	$	650

(1)The recorded investment represents the unpaid principal balance net of any partial charge-offs.

(2)Average recorded investment is calculated primarily using daily average balances.

The difference between the recorded investment of loans and leases and the unpaid principal balance of $143,000 and $145,000 as of March 31, 2022, and December 31, 2021, respectively, represents partial charge-offs of loans and leases resulting from losses due to the appraised value of the collateral securing the loans and leases being below the carrying values of the loans and leases. Impaired loans and leases also included $203,000 and $217,000 of loans as of March 31, 2022, and December 31, 2021, respectively, that were performing TDRs, and although not on non-accrual, were reported as impaired due to the concession in terms. When a loan is placed on non-accrual, interest accrual is discontinued and previously accrued but uncollected interest is deducted from interest income. Cash payments collected on non-accrual loans are first applied to such loan’s principal. Foregone interest represents the interest that was contractually due on the loan but not received or recorded. To the extent the amount of principal on a non-accrual loan is fully collected and additional cash is received, the Corporation will recognize interest income.

To determine the level and composition of the allowance for loan and lease losses, the Corporation categorizes the portfolio into segments with similar risk characteristics. First, the Corporation evaluates loans and leases for potential impairment classification. The Corporation analyzes each loan and lease determined to be impaired on an individual basis to determine a specific reserve based upon the estimated value of the underlying collateral for collateral-dependent loans, or alternatively, the present value of expected cash flows. The Corporation applies historical trends from established risk factors to each category of loans and leases that has not been individually evaluated for the purpose of establishing the general portion of the allowance.

A summary of the activity in the allowance for loan and lease losses by portfolio segment is as follows:


	As of and for the Three Months Ended March 31, 2022
	Commercial Real Estate		Commercial and Industrial		Consumer and Other		Total
	(In Thousands)
Beginning balance	$	15,110	$	8,413	$	813	$	24,336
Charge-offs	—		(22)		—		(22)
Recoveries	116		84		10		210
Net recoveries (charge-offs)	116		62		10		188
Provision for loan and lease losses	(1,461)		437		169		(855)

Ending balance	$	13,765	$	8,912	$	992	$	23,669


	As of and for the Three Months Ended March 31, 2021
	Commercial Real Estate		Commercial and Industrial		Consumer and Other		Total
	(In Thousands)
Beginning balance	$	17,157	$	10,593	$	771	$	28,521
Charge-offs	—		(144)		—		(144)
Recoveries	2,219		453		1		2,673
Net (charge-offs) recoveries	2,219		309		1		2,529
Provision for loan and lease losses	(931)		(1,358)		221		(2,068)

Ending balance	$	18,445	$	9,544	$	993	$	28,982

The following tables provide information regarding the allowance for loan and lease losses and balances by type of allowance methodology.


	As of March 31, 2022
	Commercial Real Estate		Commercial and Industrial		Consumer and Other		Total
	(In Thousands)
Allowance for loan and lease losses:
Collectively evaluated for impairment	$	13,765	$	7,687	$	992	$	22,444
Individually evaluated for impairment	—		1,225		—		1,225

Total	$	13,765	$	8,912	$	992	$	23,669
Loans and lease receivables:
Collectively evaluated for impairment	$	1,469,003	$	730,101	$	47,589	$	2,246,693
Individually evaluated for impairment	675		5,145		—		5,820

Total	$	1,469,678	$	735,246	$	47,589	$	2,252,513


	As of December 31, 2021
	Commercial Real Estate		Commercial and Industrial		Consumer and Other		Total
	(In Thousands)
Allowance for loan and lease losses:
Collectively evaluated for impairment	$	15,110	$	6,908	$	813	$	22,831
Individually evaluated for impairment	—		1,505		—		1,505

Total	$	15,110	$	8,413	$	813	$	24,336
Loans and lease receivables:
Collectively evaluated for impairment	$	1,453,941	$	740,674	$	39,741	$	2,234,356
Individually evaluated for impairment	687		5,888		—		6,575

Total	$	1,454,628	$	746,562	$	39,741	$	2,240,931