XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.2
Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Loan and Lease Losses
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Loan and Lease Receivables, Impaired Loans and Leases and Allowance for Credit Losses Loans and Allowance for Credit Losses
Loan and lease receivables consist of the following:
June 30,
2023		December 31,
2022
 (In Thousands)
Commercial real estate:  
Commercial real estate — owner occupied
$244,039 $268,354 
Commercial real estate — non-owner occupied
715,309 687,091 
Construction217,069 218,751 
Multi-family
392,297 350,026 
1-4 family
23,063 17,728 
Total commercial real estate
1,591,777 1,541,950 
Commercial and industrial1,036,921 853,327 
Consumer and other45,743 47,938 
Total gross loans and leases receivable
2,674,441 2,443,215 
Less:  
   Allowance for credit losses28,115 24,230 
   Deferred loan fees and costs, net(142)149 
Loans and leases receivable, net
$2,646,468 $2,418,836 
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 June 30, 2023, and 2022, was $4.9 million and $11.9 million, respectively. The total principal amount of the guaranteed portions of SBA loans sold during the six months ended June 30, 2023, and 2022, was $9.8 million and $17.4 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 and six months ended June 30, 2023, and 2022, 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 June 30, 2023, and December 31, 2022, was $87.7 million and $88.5 million, respectively.

The total principal amount of transferred participation interests in other, non-SBA originated loans during the three months ended June 30, 2023, and 2022, was $32.0 million and $23.0 million, respectively, all of which were treated as sales and derecognized under the applicable accounting guidance at the time of transfer. The total principal amount of transferred participation interests in other, non-SBA originated loans during the six months ended June 30, 2023, and 2022, was $54.7 million and $45.2 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 June 30, 2023, and December 31, 2022, was $252.7 million and $222.9 million, respectively. As of June 30, 2023, and December 31, 2022, the total amount of the Corporation’s partial ownership of these transferred loans on the unaudited Consolidated Balance Sheets was $355.7 million and $339.0 million, respectively. As of June 30, 2023 and December 31, 2022, the non-SBA originated participation portfolio contained no non-performing 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 June 30, 2023 and December 31, 2022.
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:
June 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In Thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate — owner occupied
Category
I$23,644 $35,157 $28,367 $47,336 $22,423 $77,763 $1,265 $235,955 
II— — — 294 — 2,207 — 2,501 
III— — — 5,131 — 452 — 5,583 
IV— — — — — — — — 
Total$23,644 $35,157 $28,367 $52,761 $22,423 $80,422 $1,265 $244,039 
Commercial real estate — non-owner occupied
Category
I$48,857 $75,732 $74,036 $53,939 $62,498 $311,158 $29,828 $656,048 
II— — — — 6,147 9,244 — 15,391 
III— — — — 19,584 24,286 — 43,870 
IV— — — — — — — — 
Total$48,857 $75,732 $74,036 $53,939 $88,229 $344,688 $29,828 $715,309 
Construction
Category
I$6,197 $81,740 $54,629 $34,823 $445 $30,654 $8,581 $217,069 
II— — — — — — — — 
III— — — — — — — — 
IV— — — — — — — — 
Total$6,197 $81,740 $54,629 $34,823 $445 $30,654 $8,581 $217,069 
Multi-family
Category
I$44,240 $35,524 $49,521 $114,442 $23,103 $122,455 $3,012 $392,297 
II— — — — — — — — 
III— — — — — — — — 
IV— — — — — — — — 
Total$44,240 $35,524 $49,521 $114,442 $23,103 $122,455 $3,012 $392,297 
1-4 family
Category
I$— $8,274 $2,727 $2,397 $459 $3,075 $6,008 $22,940 
II— — — — — 97 — 97 
III— — — — — — — — 
IV— — — — — 26 — 26 
Total$— $8,274 $2,727 $2,397 $459 $3,198 $6,008 $23,063 
June 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In Thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Category
I$169,085 $175,555 $99,846 $49,115 $24,895 $32,063 $414,927 $965,486 
II395 6,417 860 600 3,523 103 8,960 20,858 
III— 3,770 5,691 11,377 1,282 5,193 7,569 34,882 
IV174 2,584 1,100 404 201 334 10,898 15,695 
Total$169,654 $188,326 $107,497 $61,496 $29,901 $37,693 $442,354 $1,036,921 
Consumer and other
Category
I$6,224 $9,317 $3,363 $12,978 $2,269 $4,503 $7,089 $45,743 
II— — — — — — — — 
III— — — — — — — — 
IV— — — — — — — — 
Total$6,224 $9,317 $3,363 $12,978 $2,269 $4,503 $7,089 $45,743 
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 non-performing loans. 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. Non-performing 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. 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. 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:
June 30, 2023
30-59
Days Past Due		60-89
Days Past Due		Greater
Than 90
Days Past Due		Total Past DueCurrentTotal Loans and Leases
 (Dollars in Thousands)
Performing loans and leases      
Commercial real estate:      
Owner occupied$— $— $— $— $244,039 $244,039 
Non-owner occupied— — — — 715,309 715,309 
Construction— — — — 217,069 217,069 
Multi-family— — — — 392,297 392,297 
1-4 family— — — — 23,037 23,037 
Commercial and industrial1,907 499 — 2,406 1,018,820 1,021,226 
Consumer and other— — — — 45,743 45,743 
Total1,907 499 — 2,406 2,656,314 2,658,720 
Non-performing loans and leases      
Commercial real estate:      
Owner occupied— — — — — — 
Non-owner occupied— — — — — — 
Construction— — — — — — 
Multi-family— — — — — — 
1-4 family— — — — 26 26 
Commercial and industrial123 141 3,548 3,812 11,883 15,695 
Consumer and other— — — — — — 
Total123 141 3,548 3,812 11,909 15,721 
Total loans and leases      
Commercial real estate:      
Owner occupied— — — — 244,039 244,039 
Non-owner occupied— — — — 715,309 715,309 
Construction— — — — 217,069 217,069 
Multi-family— — — — 392,297 392,297 
1-4 family— — — — 23,063 23,063 
Commercial and industrial2,030 640 3,548 6,218 1,030,703 1,036,921 
Consumer and other— — — — 45,743 45,743 
Total$2,030 $640 $3,548 $6,218 $2,668,223 $2,674,441 
Percent of portfolio0.08 %0.02 %0.13 %0.23 %99.77 %100.00 %
December 31, 2022
30-59
Days Past Due		60-89
Days Past Due		Greater
Than 90
Days Past Due		Total Past DueCurrentTotal Loans and Leases
 (Dollars in Thousands)
Performing loans and leases      
Commercial real estate:      
Owner occupied$— $— $— $— $268,354 $268,354 
Non-owner occupied215 — — 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 industrial1,437 403 — 1,840 847,858 849,698 
Consumer and other— — — — 47,938 47,938 
Total1,652 403 — 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 industrial439 126 2,464 3,029 600 3,629 
Other— — — — — — 
Total439 126 2,464 3,029 630 3,659 
Total loans and leases      
Commercial real estate:      
Owner occupied— — — — 268,354 268,354 
Non-owner occupied215 — — 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 industrial1,876 529 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 $2,443,215 
Percent of portfolio0.09 %0.02 %0.10 %0.21 %99.79 %100.00 %
The Corporation’s total non-performing assets consisted of the following:
June 30,
2023		December 31,
2022
 (In Thousands)
Non-performing loans and leases  
Commercial real estate:  
Commercial real estate — owner occupied$— $— 
Commercial real estate — non-owner occupied— — 
Construction— — 
Multi-family— — 
1-4 family26 30 
Total non-performing commercial real estate26 30 
Commercial and industrial15,695 3,629 
Consumer and other— — 
Total non-performing loans and leases15,721 3,659 
Repossessed assets, net65 95 
Total non-performing assets$15,786 $3,754 
June 30,
2023		December 31,
2022
Total non-performing loans and leases to gross loans and leases0.59 %0.15 %
Total non-performing assets to total gross loans and leases plus repossessed assets, net0.59 0.15 
Total non-performing assets to total assets0.48 0.13 
Allowance for credit losses to gross loans and leases1.11 0.99 
Allowance for credit losses to non-performing loans and leases188.90 662.20 
Occasionally, the Corporation modifies loans to borrowers in financial distress. During the three and six months ended June 30, 2023 and 2022, no loans to borrowers experiencing financial distress were modified. There were no loans to borrowers experiencing financial distress that were modified during the previous 12 months and which subsequently defaulted during the three and six months ended June 30, 2023 and 2022. There were no unfunded commitments associated with loans modified for borrowers experiencing financial distress as of June 30, 2023.
The following represents additional information regarding the Corporation’s non-performing loans and leases, by portfolio segment:
As of and for the Six Months Ended June 30, 2023
Recorded
Investment(1)
Unpaid
Principal
Balance		Individual
Reserve
Average
Recorded
Investment(2)
Foregone
Interest
Income		Interest
Income
Recognized		Net
Foregone
Interest
Income
 (In Thousands)
With no individual reserve recorded:       
Commercial real estate:       
Owner occupied$— $— $— $— $— $— $— 
Non-owner occupied— — — — — — — 
Construction
— — — — — — — 
Multi-family— — — — — — — 
1-4 family26 31 — 28 2 11 (9)
Commercial and industrial11,264 11,265 — 1,138 46 59 (13)
Consumer and other— — — — — — — 
Total11,290 11,296 — 1,166 48 70 (22)
With individual reserve recorded:       
Commercial real estate:       
Owner occupied— — — — — — — 
Non-owner occupied— — — — — — — 
Construction— — — — — — — 
Multi-family— — — — — — — 
1-4 family— — — — — — — 
Commercial and industrial4,431 4,431 2,715 2,493 142 3 139 
Consumer and other— — — — — — — 
Total4,431 4,431 2,715 2,493 142 3 139 
Total:       
Commercial real estate:       
Owner occupied— — — — — — — 
Non-owner occupied— — — — — — — 
Construction— — — — — — — 
Multi-family— — — — — — — 
1-4 family26 31 — 28 2 11 (9)
Commercial and industrial15,695 15,696 2,715 3,631 188 62 126 
Consumer and other— — — — — — — 
Grand total$15,721 $15,727 $2,715 $3,659 $190 $73 $117 
(1)The recorded investment represents the unpaid principal balance net of any partial charge-offs.
(2)Average recorded investment is calculated primarily using daily average balances.
As of and for the Year Ended December 31, 2022
Recorded
Investment(1)
Unpaid
Principal
Balance		Individual
Reserve
Average
Recorded
Investment(2)
Foregone
Interest
Income		Interest
Income
Recognized		Net
Foregone
Interest
Income
 (In Thousands)
With no individual reserve recorded:       
Commercial real estate:       
   Owner occupied$— $— $— $180 $14 $759 $(745)
   Non-owner occupied— — — — — 1 (1)
   Construction— — — — — 47 (47)
   Multi-family— — — — — — — 
   1-4 family30 35 — 112 8 41 (33)
Commercial and industrial1,037 1,037 — 3,153 277 587 (310)
Consumer and other— — — — — — — 
      Total1,067 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 industrial2,592 2,612 1,650 1,454 101 1 100 
Consumer and other— — — — — — — 
      Total2,592 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 family30 35 — 112 8 41 (33)
Commercial and industrial3,629 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.

The difference between the recorded investment of loans and leases and the unpaid principal balance of $6,000 and $26,000 as of June 30, 2023, and December 31, 2022, respectively, represents partial charge-offs of loans and leases resulting from losses due to the value of the collateral securing the loans and leases being below the carrying values of the loans and leases. 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.
Allowance for Credit Losses
The ACL is an estimate of the expected credit losses on financial assets measured at amortized cost, which is measured using relevant information about past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. A provision for credit losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors as discussed within Note 1 – Nature of Operations and Summary of Significant Accounting Policies included in the Corporation’s Form 10-Q for the period ended March 31, 2023.
During the first quarter of 2023, the Corporation adopted ASU 2016-13, including the CECL methodology for estimating the ACL. This standard was adopted using a modified retrospective approach on January 1, 2023, resulting in a $484,000 increase to the ACL and a $1.3 million increase to the unfunded credit commitments reserve. A cumulative effect adjustment resulting in an $1.4 million decrease to retained earnings and a $465,000 increase to deferred tax assets was also recorded as of the adoption of ASU 2016-13.
Quantitative Considerations
The ACL is primarily calculated utilizing a discounted cash flow (“DCF”) model. Key inputs and assumptions used in this model are discussed below:
•Forecast model - For each portfolio segment, a loss driver analysis (“LDA”) was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilized peer FFIEC Call Report data for all pools. The Corporation plans to update the LDA annually.
•Probability of default – PD is the probability that an asset will be in default within a given time frame. The Corporation has defined default as when a charge-off has occurred, a loan goes to non-accrual status, or a loan is greater than 90 days past due. The forecast model is utilized to estimate PDs.
•Loss given default – LGD is the percentage of the asset not expected to be collected due to default. The LGD is derived from using a method referred to as Frye Jacobs which uses industry data.
•Prepayments and curtailments – Prepayments and curtailments are calculated based on the Corporation’s own data. This analysis is updated annually.
•Forecast and reversion – the Corporation has established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average.
•Economic forecast – the Corporation utilizes a third party to provide economic forecasts under various scenarios, which are assessed against economic indicators and management’s observations in the market. As of March 31, 2023, the Corporation selected a forecast which forecasts unemployment between 3.95% and 4.73% and GDP growth change between 0.37% and 1.85% over the next four quarters. As of June 30, 2023, the Corporation selected a forecast which forecasts unemployment between 3.81% and 4.58% and GDP growth change between 0.66% and 1.39% over the next four quarters. Following the forecast period, the model reverts to long-term averages over four quarters. Management believes that the resulting quantitative reserve appropriately balances economic indicators with identified risks.

Qualitative Considerations
In addition to the quantitative model, management considers the need for qualitative adjustment for risks not considered in the DCF. Factors that are considered by management in determining loan collectability and the appropriate level of the ACL are listed below:
•The Corporation’s lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, write-offs, and recoveries;
•Actual and expected changes in international, national, regional, and local economic and business conditions and developments in which the Corporation operates that affect the collectability of financial assets;
•The experience, ability, and depth of the Corporation’s lending, investment, collection, and other relevant management and staff;
•The volume of past due financial assets, the volume of non-performing assets, and the volume and severity of adversely classified or graded assets;
•The existence and effect of industry concentrations of credit;
•The nature and volume of the portfolio segment or class;
•The quality of the Corporation’s credit review function;
•The effect of other external factors such as the regulatory, legal and technological environments, competition, and events such as natural disasters or pandemics
ACL Activity
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 June 30, 2023
Owner OccupiedNon-Owner OccupiedConstructionMulti-Family1-4 FamilyCommercial
and
Industrial		Consumer
and Other		Total
 (In Thousands)
Beginning balance$1,656 $4,966 $2,287 $2,901 $221 $14,905 $614 $27,550 
Charge-offs— — — — — (329)— (329)
Recoveries2 — — — 21 220 2 245 
Net recoveries (charge-offs)2 — — — 21 (109)2 (84)
Provision for credit losses63 275 6 525 7 1,427 (72)2,231 
Ending balance$1,721 $5,241 $2,293 $3,426 $249 $16,223 $544 $29,697 
Components:
Allowance for loan losses1,703 5,182 1,483 3,414 228 15,624 481 28,115 
Allowance for unfunded credit commitments18 59 810 12 21 599 63 1,582 
Total ACL$1,721 $5,241 $2,293 $3,426 $249 $16,223 $544 $29,697 
 As of and for the Three Months Ended June 30, 2022
Commercial Real EstateCommercial
and
Industrial		Consumer and OtherTotal
 (In Thousands)
Beginning balance$13,765 $8,912 $992 $23,669 
Charge-offs— (85)— (85)
Recoveries4,121 117 9 4,247 
Net recoveries4,121 32 9 4,162 
Provision for credit losses(4,476)922 (173)(3,727)
Ending balance$13,410 $9,866 $828 $24,104 
 As of and for the Six Months Ended June 30, 2023
Owner OccupiedNon-Owner OccupiedConstructionMulti-Family1-4 FamilyCommercial
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— — — — — (495)— (495)
Recoveries2 1 — — 21 314 13 351 
Net recoveries (charge-offs)2 1 — — 21 (181)13 (144)
Provision for credit losses157 374 (149)1,178 66 2,128 39 3,793 
Ending balance$1,721 $5,241 $2,293 $3,426 $249 $16,223 $544 $29,697 
Components:
Allowance for loan losses1,703 5,182 1,483 3,414 228 15,624 481 28,115 
Allowance for unfunded credit commitments18 59 810 12 21 599 63 1,582 
Total ACL$1,721 $5,241 $2,293 $3,426 $249 $16,223 $544 $29,697 
 As of and for the Six Months Ended June 30, 2022
Commercial Real EstateCommercial
and
Industrial		Consumer and OtherTotal
 (In Thousands)
Beginning balance$15,110 $8,413 $813 $24,336 
Charge-offs— (107)— (107)
Recoveries4,237 201 19 4,457 
Net recoveries (charge-offs)4,237 94 19 4,350 
Provision for credit losses(5,937)1,359 (4)(4,582)
Ending balance$13,410 $9,866 $828 $24,104 

ACL Summary
Loans collectively evaluated for credit losses in the following tables include all performing loans at June 30, 2023 and December 31, 2022. Loans individually evaluated for credit losses include all non-performing loans.

The following tables provide information regarding the allowance for credit losses and balances by type of allowance methodology.
 As of June 30, 2023
Owner OccupiedNon-Owner OccupiedConstructionMulti-Family1-4 FamilyCommercial
and
Industrial		Consumer
and Other		Total
 (In Thousands)
Allowance for credit losses:    
Collectively evaluated for credit losses$1,703 $5,182 $1,483 $3,414 $228 $12,909 $481 $25,400 
Individually evaluated for credit loss— — — — — 2,715 — 2,715 
Total$1,703 $5,182 $1,483 $3,414 $228 $15,624 $481 $28,115 
Loans and lease receivables:    
Collectively evaluated for credit losses$244,039 $715,309 $217,069 $392,297 $23,037 $1,021,226 $45,743 $2,658,720 
Individually evaluated for credit loss— — — — 26 15,695 — 15,721 
Total$244,039 $715,309 $217,069 $392,297 $23,063 $1,036,921 $45,743 $2,674,441 
 As of December 31, 2022
Commercial Real EstateCommercial
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 $849,698 $47,938 $2,439,556 
Individually evaluated for credit loss30 3,629 — 3,659 
Total$1,541,950 $853,327 $47,938 $2,443,215