XML 42 R33.htm IDEA: XBRL DOCUMENT
v3.23.1

Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Receivables [Abstract] |
Loan Composition Schedule | Loan and lease receivables consist of the following:
|  | March 31, 2023 |  | December 31, 2022
|  | (In Thousands)
Commercial real estate: |  |  |  |
Commercial real estate — owner occupied |  | $ | 233,725 |  |  | $ | 268,354 |
Commercial real estate — non-owner occupied |  | 675,087 |  |  | 687,091 |
Construction |  | 212,916 |  |  | 218,751 |
Multi-family |  | 384,043 |  |  | 350,026 |
1-4 family |  | 23,404 |  |  | 17,728 |
Total commercial real estate |  | 1,529,175 |  |  | 1,541,950 |
Commercial and industrial |  | 963,328 |  |  | 853,327 |
Consumer and other |  | 46,773 |  |  | 47,938 |
Total gross loans and leases receivable |  | 2,539,276 |  |  | 2,443,215 |
Less: |  |  |  |
Allowance for credit losses |  | 26,140 |  |  | 24,230 |
Deferred loan fees |  | (87) |  |  | 149 |
Loans and leases receivable, net |  | $ | 2,513,223 |  |  | $ | 2,418,836 |
Financing Receivable by Credit Quality Indicators | The following table illustrates ending balances of the Corporation’s loan and lease portfolio, including non-performing loans by class of receivable, and considering certain credit quality indicators:
March 31, 2023 |  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |
(In Thousands) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total
Commercial real estate — owner occupied |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | 3,712 |  |  | $ | 35,695 |  |  | $ | 28,605 |  |  | $ | 47,436 |  |  | $ | 23,386 |  |  | $ | 82,799 |  |  | $ | 1,541 |  |  | $ | 223,174 |
II |  | — |  |  | — |  |  | 625 |  |  | 802 |  |  | — |  |  | 1,310 |  |  | — |  |  | 2,737 |
III |  | — |  |  | — |  |  | — |  |  | 5,132 |  |  | — |  |  | 2,682 |  |  | — |  |  | 7,814 |
IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 3,712 |  |  | $ | 35,695 |  |  | $ | 29,230 |  |  | $ | 53,370 |  |  | $ | 23,386 |  |  | $ | 86,791 |  |  | $ | 1,541 |  |  | $ | 233,725 |
Commercial real estate — non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | 8,945 |  |  | $ | 67,653 |  |  | $ | 74,530 |  |  | $ | 53,133 |  |  | $ | 64,228 |  |  | $ | 310,632 |  |  | $ | 33,571 |  |  | $ | 612,692 |
II |  | — |  |  | — |  |  | — |  |  | 1,293 |  |  | 6,187 |  |  | 10,653 |  |  | — |  |  | 18,133 |
III |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,708 |  |  | 24,554 |  |  | — |  |  | 44,262 |
IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 8,945 |  |  | $ | 67,653 |  |  | $ | 74,530 |  |  | $ | 54,426 |  |  | $ | 90,123 |  |  | $ | 345,839 |  |  | $ | 33,571 |  |  | $ | 675,087 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | 45 |  |  | $ | 62,211 |  |  | $ | 59,338 |  |  | $ | 38,867 |  |  | $ | 451 |  |  | $ | 30,566 |  |  | $ | 21,438 |  |  | $ | 212,916 |
II |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
III |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 45 |  |  | $ | 62,211 |  |  | $ | 59,338 |  |  | $ | 38,867 |  |  | $ | 451 |  |  | $ | 30,566 |  |  | $ | 21,438 |  |  | $ | 212,916 |
Multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | 32,389 |  |  | $ | 35,629 |  |  | $ | 50,672 |  |  | $ | 114,782 |  |  | $ | 23,198 |  |  | $ | 124,160 |  |  | $ | 3,213 |  |  | $ | 384,043 |
II |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
III |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 32,389 |  |  | $ | 35,629 |  |  | $ | 50,672 |  |  | $ | 114,782 |  |  | $ | 23,198 |  |  | $ | 124,160 |  |  | $ | 3,213 |  |  | $ | 384,043 |
1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | — |  |  | $ | 8,880 |  |  | $ | 2,747 |  |  | $ | 2,415 |  |  | $ | 467 |  |  | $ | 3,391 |  |  | $ | 5,378 |  |  | $ | 23,278 |
II |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 98 |  |  | — |  |  | 98 |
III |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Total |  | $ | — |  |  | $ | 8,880 |  |  | $ | 2,747 |  |  | $ | 2,415 |  |  | $ | 467 |  |  | $ | 3,517 |  |  | $ | 5,378 |  |  | $ | 23,404 |
March 31, 2023 |  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |
(In Thousands) |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | 79,070 |  |  | $ | 190,328 |  |  | $ | 109,529 |  |  | $ | 52,885 |  |  | $ | 28,114 |  |  | $ | 39,127 |  |  | $ | 397,987 |  |  | $ | 897,040 |
II |  | 223 |  |  | 6,174 |  |  | 918 |  |  | 2,762 |  |  | 946 |  |  | 198 |  |  | 10,965 |  |  | 22,186 |
III |  | — |  |  | 2,664 |  |  | 5,812 |  |  | 10,801 |  |  | 6,622 |  |  | 5,837 |  |  | 8,982 |  |  | 40,718 |
IV |  | — |  |  | 1,134 |  |  | 1,003 |  |  | 539 |  |  | 338 |  |  | 370 |  |  | — |  |  | 3,384 |
Total |  | $ | 79,293 |  |  | $ | 200,300 |  |  | $ | 117,262 |  |  | $ | 66,987 |  |  | $ | 36,020 |  |  | $ | 45,532 |  |  | $ | 417,934 |  |  | $ | 963,328 |
Consumer and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I |  | $ | 4,609 |  |  | $ | 9,563 |  |  | $ | 3,460 |  |  | $ | 13,365 |  |  | $ | 2,330 |  |  | $ | 4,414 |  |  | $ | 9,032 |  |  | $ | 46,773 |
II |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
III |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 4,609 |  |  | $ | 9,563 |  |  | $ | 3,460 |  |  | $ | 13,365 |  |  | $ | 2,330 |  |  | $ | 4,414 |  |  | $ | 9,032 |  |  | $ | 46,773 |
Past Due Financing Receivables | The delinquency aging of the loan and lease portfolio by class of receivable was as follows:
|  | March 31, 2023
|  | 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)
Performing loans and leases |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 233,725 |  |  | $ | 233,725 |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 675,087 |  |  | 675,087 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 212,916 |  |  | 212,916 |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | 384,043 |  |  | 384,043 |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,376 |  |  | 23,376 |
Commercial and industrial |  | 2,440 |  |  | 103 |  |  | — |  |  | 2,543 |  |  | 957,401 |  |  | 959,944 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | 46,773 |  |  | 46,773 |
Total |  | 2,440 |  |  | 103 |  |  | — |  |  | 2,543 |  |  | 2,533,321 |  |  | 2,535,864 |
Non-performing loans and leases |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | 28 |
Commercial and industrial |  | 72 |  |  | 478 |  |  | 2,068 |  |  | 2,618 |  |  | 766 |  |  | 3,384 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 72 |  |  | 478 |  |  | 2,068 |  |  | 2,618 |  |  | 794 |  |  | 3,412 |
Total loans and leases |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 233,725 |  |  | 233,725 |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 675,087 |  |  | 675,087 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 212,916 |  |  | 212,916 |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | 384,043 |  |  | 384,043 |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,404 |  |  | 23,404 |
Commercial and industrial |  | 2,512 |  |  | 581 |  |  | 2,068 |  |  | 5,161 |  |  | 958,167 |  |  | 963,328 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | 46,773 |  |  | 46,773 |
Total |  | $ | 2,512 |  |  | $ | 581 |  |  | $ | 2,068 |  |  | $ | 5,161 |  |  | $ | 2,534,115 |  |  | $ | 2,539,276 |
Percent of portfolio |  | 0.10 | % |  | 0.02 | % |  | 0.08 | % |  | 0.20 | % |  | 99.80 | % |  | 100.00 | %
|  | December 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)
Performing loans and leases |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 268,354 |  |  | $ | 268,354 |
Non-owner occupied |  | 215 |  |  | — |  |  | — |  |  | 215 |  |  | 686,876 |  |  | 687,091 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 218,751 |  |  | 218,751 |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | 350,026 |  |  | 350,026 |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,698 |  |  | 17,698 |
Commercial and industrial |  | 1,437 |  |  | 403 |  |  | — |  |  | 1,840 |  |  | 847,858 |  |  | 849,698 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | 47,938 |  |  | 47,938 |
Total |  | 1,652 |  |  | 403 |  |  | — |  |  | 2,055 |  |  | 2,437,501 |  |  | 2,439,556 |
Non-performing loans and leases |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | 30 |
Commercial and industrial |  | 439 |  |  | 126 |  |  | 2,464 |  |  | 3,029 |  |  | 600 |  |  | 3,629 |
Other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 439 |  |  | 126 |  |  | 2,464 |  |  | 3,029 |  |  | 630 |  |  | 3,659 |
Total loans and leases |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 268,354 |  |  | 268,354 |
Non-owner occupied |  | 215 |  |  | — |  |  | — |  |  | 215 |  |  | 686,876 |  |  | 687,091 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 218,751 |  |  | 218,751 |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | 350,026 |  |  | 350,026 |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,728 |  |  | 17,728 |
Commercial and industrial |  | 1,876 |  |  | 529 |  |  | 2,464 |  |  | 4,869 |  |  | 848,458 |  |  | 853,327 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | 47,938 |  |  | 47,938 |
Total |  | $ | 2,091 |  |  | $ | 529 |  |  | $ | 2,464 |  |  | $ | 5,084 |  |  | $ | 2,438,131 |  |  | $ | 2,443,215 |
Percent of portfolio |  | 0.09 | % |  | 0.02 | % |  | 0.10 | % |  | 0.21 | % |  | 99.79 | % |  | 100.00 | %
Schedule of Financing Receivables, Non-Performing Status | The Corporation’s total non-performing assets consisted of the following:
|  | March 31, 2023 |  | December 31, 2022
|  | (In Thousands)
Non-performing loans and leases |  |  |  |
Commercial real estate: |  |  |  |
Commercial real estate — owner occupied |  | $ | — |  |  | $ | — |
Commercial real estate — non-owner occupied |  | — |  |  | — |
Construction |  | — |  |  | — |
Multi-family |  | — |  |  | — |
1-4 family |  | 28 |  |  | 30 |
Total non-performing commercial real estate |  | 28 |  |  | 30 |
Commercial and industrial |  | 3,384 |  |  | 3,629 |
Consumer and other |  | — |  |  | — |
Total non-performing loans and leases |  | 3,412 |  |  | 3,659 |
Repossessed assets, net |  | 89 |  |  | 95 |
Total non-performing assets |  | $ | 3,501 |  |  | $ | 3,754 |
|  | March 31, 2023 |  | December 31, 2022
Total non-performing loans and leases to gross loans and leases |  | 0.13 | % |  | 0.15 | %
Total non-performing assets to total gross loans and leases plus repossessed assets, net |  | 0.14 |  |  | 0.15 |
Total non-performing assets to total assets |  | 0.11 |  |  | 0.13 |
Allowance for credit losses to gross loans and leases |  | 1.08 |  |  | 0.99 |
Allowance for credit losses to non-performing loans and leases |  | 807.44 |  |  | 662.20 |
Impaired Financing Receivables | The following represents additional information regarding the Corporation’s non-performing loans and leases, by portfolio segment:
|  | As of and for the Three Months Ended March 31, 2023
|  | Recorded Investment(1) |  | Unpaid Principal Balance |  | Individual Reserve |  | Average Recorded Investment(2) |  | Foregone Interest Income |  | Interest Income Recognized |  | Net Foregone Interest Income
|  | (In Thousands)
With no individual reserve recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | 28 |  |  | 33 |  |  | — |  |  | 29 |  |  | 1 |  |  | 4 |  |  | (3) |
Commercial and industrial |  | 1,009 |  |  | 1,009 |  |  | — |  |  | 1,842 |  |  | 23 |  |  | 36 |  |  | (13) |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 1,037 |  |  | 1,042 |  |  | — |  |  | 1,871 |  |  | 24 |  |  | 40 |  |  | (16) |
With individual reserve recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial |  | 2,375 |  |  | 2,375 |  |  | 1,622 |  |  | 1,665 |  |  | 54 |  |  | — |  |  | 54 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 2,375 |  |  | 2,375 |  |  | 1,622 |  |  | 1,665 |  |  | 54 |  |  | — |  |  | 54 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | 28 |  |  | 33 |  |  | — |  |  | 29 |  |  | 1 |  |  | 4 |  |  | (3) |
Commercial and industrial |  | 3,384 |  |  | 3,384 |  |  | 1,622 |  |  | 3,507 |  |  | 77 |  |  | 36 |  |  | 41 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Grand total |  | $ | 3,412 |  |  | $ | 3,417 |  |  | $ | 1,622 |  |  | $ | 3,536 |  |  | $ | 78 |  |  | $ | 40 |  |  | $ | 38 |
(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, 2022
|  | Recorded Investment(1) |  | Unpaid Principal Balance |  | Individual Reserve |  | Average Recorded Investment(2) |  | Foregone Interest Income |  | Interest Income Recognized |  | Net Foregone Interest Income
|  | (In Thousands)
With no individual reserve recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 180 |  |  | $ | 14 |  |  | $ | 759 |  |  | $ | (745) |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (1) |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 47 |  |  | (47) |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | 30 |  |  | 35 |  |  | — |  |  | 112 |  |  | 8 |  |  | 41 |  |  | (33) |
Commercial and industrial |  | 1,037 |  |  | 1,037 |  |  | — |  |  | 3,153 |  |  | 277 |  |  | 587 |  |  | (310) |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 1,067 |  |  | 1,072 |  |  | — |  |  | 3,445 |  |  | 299 |  |  | 1,435 |  |  | (1,136) |
With individual reserve recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial |  | 2,592 |  |  | 2,612 |  |  | 1,650 |  |  | 1,454 |  |  | 101 |  |  | 1 |  |  | 100 |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 2,592 |  |  | 2,612 |  |  | 1,650 |  |  | 1,454 |  |  | 101 |  |  | 1 |  |  | 100 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | — |  |  | — |  |  | — |  |  | 180 |  |  | 14 |  |  | 759 |  |  | (745) |
Non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (1) |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 47 |  |  | (47) |
Multi-family |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
1-4 family |  | 30 |  |  | 35 |  |  | — |  |  | 112 |  |  | 8 |  |  | 41 |  |  | (33) |
Commercial and industrial |  | 3,629 |  |  | 3,649 |  |  | 1,650 |  |  | 4,607 |  |  | 378 |  |  | 588 |  |  | (210) |
Consumer and other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Grand total |  | $ | 3,659 |  |  | $ | 3,684 |  |  | $ | 1,650 |  |  | $ | 4,899 |  |  | $ | 400 |  |  | $ | 1,436 |  |  | $ | (1,036) |
(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.
Allowance for Credit Losses by Portfolio Segment | A summary of the activity in the allowance for credit losses by portfolio segment is as follows:
|  | As of and for the Three Months Ended March 31, 2023
|  | Owner Occupied |  | Non-Owner Occupied |  | Construction |  | Multi-Family |  | 1-4 Family |  | Commercial and Industrial |  | Consumer and Other |  | Total
|  | (In Thousands)
Beginning balance |  | $ | 1,766 |  |  | $ | 5,108 |  |  | $ | 1,646 |  |  | $ | 2,634 |  |  | $ | 207 |  |  | $ | 12,403 |  |  | $ | 466 |  |  | $ | 24,230 |
Impact of adopting ASC 326 |  | (204) |  |  | (242) |  |  | 796 |  |  | (386) |  |  | (45) |  |  | 1,873 |  |  | 26 |  |  | 1,818 |
Charge-offs |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (166) |  |  | — |  |  | (166) |
Recoveries |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 95 |  |  | 11 |  |  | 107 |
Net recoveries (charge-offs) |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | (71) |  |  | 11 |  |  | (59) |
Provision for credit losses |  | 94 |  |  | 99 |  |  | (155) |  |  | 653 |  |  | 59 |  |  | 700 |  |  | 111 |  |  | 1,561 |
Ending balance |  | $ | 1,656 |  |  | $ | 4,966 |  |  | $ | 2,287 |  |  | $ | 2,901 |  |  | $ | 221 |  |  | $ | 14,905 |  |  | $ | 614 |  |  | $ | 27,550 |
Components: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  | 1,636 |  |  | 4,915 |  |  | 1,586 |  |  | 2,892 |  |  | 201 |  |  | 14,348 |  |  | 562 |  |  | 26,140 |
Allowance for unfunded credit commitments |  | 20 |  |  | 51 |  |  | 701 |  |  | 9 |  |  | 20 |  |  | 557 |  |  | 52 |  |  | 1,410 |
Total ACL |  | $ | 1,656 |  |  | $ | 4,966 |  |  | $ | 2,287 |  |  | $ | 2,901 |  |  | $ | 221 |  |  | $ | 14,905 |  |  | $ | 614 |  |  | $ | 27,550 |
|  | 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 credit losses |  | (1,461) |  |  | 437 |  |  | 169 |  |  | (855) |
Ending balance |  | $ | 13,765 |  |  | $ | 8,912 |  |  | $ | 992 |  |  | $ | 23,669 |
Allowance for Credit Losses and Balances by Type of Allowance Methodology | The following tables provide information regarding the allowance for credit losses and balances by type of allowance methodology.
|  | As of March 31, 2023
|  | Owner Occupied |  | Non-Owner Occupied |  | Construction |  | Multi-Family |  | 1-4 Family |  | Commercial and Industrial |  | Consumer and Other |  | Total
|  | (In Thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for credit losses |  | $ | 1,636 |  |  | $ | 4,915 |  |  | $ | 1,586 |  |  | $ | 2,892 |  |  | $ | 201 |  |  | $ | 12,726 |  |  | $ | 562 |  |  | $ | 24,518 |
Individually evaluated for credit loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,622 |  |  | — |  |  | 1,622 |
Total |  | $ | 1,636 |  |  | $ | 4,915 |  |  | $ | 1,586 |  |  | $ | 2,892 |  |  | $ | 201 |  |  | $ | 14,348 |  |  | $ | 562 |  |  | $ | 26,140 |
Loans and lease receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for credit losses |  | $ | 233,725 |  |  | $ | 675,087 |  |  | $ | 212,916 |  |  | $ | 384,043 |  |  | $ | 23,376 |  |  | $ | 959,944 |  |  | $ | 46,773 |  |  | $ | 2,535,864 |
Individually evaluated for credit loss |  | — |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | 3,384 |  |  | — |  |  | 3,412 |
Total |  | $ | 233,725 |  |  | $ | 675,087 |  |  | $ | 212,916 |  |  | $ | 384,043 |  |  | $ | 23,404 |  |  | $ | 963,328 |  |  | $ | 46,773 |  |  | $ | 2,539,276 |
|  | As of December 31, 2022
|  | Commercial Real Estate |  | Commercial and Industrial |  | Consumer and Other |  | Total
|  | (In Thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |
Collectively evaluated for credit losses |  | $ | 11,361 |  |  | $ | 10,753 |  |  | $ | 466 |  |  | $ | 22,580 |
Individually evaluated for credit loss |  | — |  |  | 1,650 |  |  | — |  |  | 1,650 |
Total |  | $ | 11,361 |  |  | $ | 12,403 |  |  | $ | 466 |  |  | $ | 24,230 |
Loans and lease receivables: |  |  |  |  |  |  |  |
Collectively evaluated for credit losses |  | $ | 1,541,920 |  |  | $ | 849,542 |  |  | $ | 47,938 |  |  | $ | 2,439,400 |
Individually evaluated for credit loss |  | 30 |  |  | 3,785 |  |  | — |  |  | 3,815 |
Total |  | $ | 1,541,950 |  |  | $ | 853,327 |  |  | $ | 47,938 |  |  | $ | 2,443,215 |

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