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Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Receivables [Abstract]    
Schedule of changes in allowance for loan losses
A summary of the changes in the allowance for loan losses during the years ended December 31, 2019, 2018 and 2017 is as follows:
 
Year Ended December 31,
 
2019
 
2018
 
2017
 
(In thousands)
Balance at the beginning of the year
$
35,042

 
$
32,086

 
$
31,083

Charge-offs
(4,989
)
 
(3,605
)
 
(4,838
)
Recoveries of loans previously charged-off
1,807

 
1,432

 
1,621

Provision for loan losses
4,311

 
5,129

 
4,220

Balance at the end of the year
$
36,171


$
35,042

 
$
32,086


The following table details the activity in the allowance for loan losses disaggregated by segment and class for the year ended December 31, 2019:
 
Balance at Beginning of Year
 
Charge-offs
 
Recoveries
 
Provision for Loan Losses
 
Balance at End of Year
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
11,343

 
$
(2,692
)
 
$
166

 
$
2,922

 
$
11,739

Owner-occupied commercial real estate
4,898

 

 
50

 
(436
)
 
4,512

Non-owner occupied commercial real estate
7,470

 

 
441

 
(229
)
 
7,682

Total commercial business
23,711

 
(2,692
)

657


2,257


23,933

One-to-four family residential
1,203

 
(60
)
 

 
315

 
1,458

Real estate construction and land development:
 
 
 
 
 
 

 
 
One-to-four family residential
1,240

 
(133
)
 
637

 
(289
)
 
1,455

Five or more family residential and commercial properties
954

 

 

 
651

 
1,605

Total real estate construction and land development
2,194

 
(133
)

637


362


3,060

Consumer
6,581

 
(2,104
)
 
513

 
1,831

 
6,821

Unallocated
1,353

 

 

 
(454
)
 
899

Total
$
35,042

 
$
(4,989
)

$
1,807


$
4,311


$
36,171



The following table details the activity in the allowance for loan losses disaggregated by segment and class for the year ended December 31, 2017:
 
Balance at Beginning of Year
 
Charge-offs
 
Recoveries
 
Provision for Loan Losses
 
Balance at End of Year
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
10,968

 
$
(859
)
 
$
792

 
$
(991
)
 
$
9,910

Owner-occupied commercial real estate
3,661

 
(1,579
)
 
155

 
1,755

 
3,992

Non-owner occupied commercial real estate
7,753

 

 

 
344

 
8,097

Total commercial business
22,382

 
(2,438
)
 
947

 
1,108

 
21,999

One-to-four family residential
1,015

 
(30
)
 
2

 
69

 
1,056

Real estate construction and land development:
 
 
 
 
 
 
 
 
 
One-to-four family residential
797

 
(556
)
 
202

 
419

 
862

Five or more family residential and commercial properties
1,359

 

 

 
(169
)
 
1,190

Total real estate construction and land development
2,156

 
(556
)
 
202

 
250

 
2,052

Consumer
5,024

 
(1,814
)
 
470

 
2,401

 
6,081

Unallocated
506

 

 

 
392

 
898

Total
$
31,083

 
$
(4,838
)
 
$
1,621

 
$
4,220

 
$
32,086



The following table details the activity in the allowance for loan losses disaggregated by segment and class for the year ended December 31, 2018:
 
Balance at Beginning of Year
 
Charge-offs
 
Recoveries
 
Provision for Loan Losses
 
Balance at End of Year
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
9,910

 
$
(1,250
)
 
$
901

 
$
1,782

 
$
11,343

Owner-occupied commercial real estate
3,992

 
(1
)
 
7

 
900

 
4,898

Non-owner occupied commercial real estate
8,097

 
(149
)
 

 
(478
)
 
7,470

Total commercial business
21,999

 
(1,400
)
 
908

 
2,204

 
23,711

One-to-four family residential
1,056

 
(45
)
 

 
192

 
1,203

Real estate construction and land development:
 
 
 
 
 
 
 
 
 
One-to-four family residential
862

 

 
11

 
367

 
1,240

Five or more family residential and commercial properties
1,190

 

 

 
(236
)
 
954

Total real estate construction and land development
2,052

 

 
11

 
131

 
2,194

Consumer
6,081

 
(2,160
)
 
513

 
2,147

 
6,581

Unallocated
898

 

 

 
455

 
1,353

Total
$
32,086

 
$
(3,605
)
 
$
1,432

 
$
5,129

 
$
35,042


Schedule of loan receivables on the basis of impairment method
The following table details the allowance for loan losses disaggregated on the basis of the Company's impairment method as of December 31, 2018:
 
Loans Individually Evaluated for Impairment
 
Loans Collectively Evaluated for Impairment
 
PCI Loans
 
Total Allowance for Loan Losses
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
Commercial and industrial
$
2,607

 
$
7,913

 
$
823

 
$
11,343

Owner-occupied commercial real estate
1,142

 
3,063

 
693

 
4,898

Non-owner occupied commercial real estate
206

 
6,630

 
634

 
7,470

Total commercial business
3,955


17,606


2,150


23,711

One-to-four family residential
76

 
1,015

 
112

 
1,203

Real estate construction and land development:
 
 
 
 
 
 
 
One-to-four family residential

 
1,040

 
200

 
1,240

Five or more family residential and commercial properties

 
875

 
79

 
954

Total real estate construction and land development


1,915


279


2,194

Consumer
139

 
5,965

 
477

 
6,581

Unallocated

 
1,353

 

 
1,353

Total
$
4,170


$
27,854


$
3,018


$
35,042


The following table details the recorded investment balance of the loan receivables disaggregated on the basis of the Company’s impairment method as of December 31, 2018:
 
Loans Individually Evaluated for Impairment
 
Loans Collectively Evaluated for Impairment
 
PCI Loans
 
Total Gross Loans Receivable
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
Commercial and industrial
$
22,642

 
$
827,531

 
$
3,433

 
$
853,606

Owner-occupied commercial real estate
5,816

 
766,783

 
7,215

 
779,814

Non-owner occupied commercial real estate
6,276

 
1,291,128

 
7,059

 
1,304,463

Total commercial business
34,734


2,885,442


17,707


2,937,883

One-to-four family residential
279

 
98,169

 
3,315

 
101,763

Real estate construction and land development:
 
 
 
 
 
 
 
One-to-four family residential
899

 
101,451

 
380

 
102,730

Five or more family residential and commercial properties

 
112,687

 
43

 
112,730

Total real estate construction and land development
899


214,138


423


215,460

Consumer
527

 
391,556

 
3,462

 
395,545

Total
$
36,439


$
3,589,305


$
24,907


$
3,650,651


The following table details the allowance for loan losses disaggregated on the basis of the Company's impairment method as of December 31, 2019:
 
Loans Individually Evaluated for Impairment
 
Loans Collectively Evaluated for Impairment
 
PCI Loans
 
Total Allowance for Loan Losses
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
Commercial and industrial
$
1,372

 
$
9,772

 
$
595

 
$
11,739

Owner-occupied commercial real estate
426

 
3,558

 
528

 
4,512

Non-owner occupied commercial real estate
146

 
7,064

 
472

 
7,682

Total commercial business
1,944

 
20,394

 
1,595

 
23,933

One-to-four family residential
56

 
1,316

 
86

 
1,458

Real estate construction and land development:
 
 
 
 
 
 
 
One-to-four family residential

 
1,296

 
159

 
1,455

Five or more family residential and commercial properties

 
1,527

 
78

 
1,605

Total real estate construction and land development

 
2,823

 
237

 
3,060

Consumer
143

 
6,327

 
351

 
6,821

Unallocated

 
899

 

 
899

Total
$
2,143


$
31,759


$
2,269


$
36,171

The following table details the recorded investment balance of the loan receivables disaggregated on the basis of the Company’s impairment method as of December 31, 2019:
 
Loans Individually Evaluated for Impairment
 
Loans Collectively Evaluated for Impairment
 
PCI Loans
 
Total Gross Loans Receivable
 
(In thousands)
Commercial business:
 
 
 
 
 
 
 
Commercial and industrial
$
43,818

 
$
805,649

 
$
2,367

 
$
851,834

Owner-occupied commercial real estate
6,336

 
795,359

 
4,914

 
806,609

Non-owner occupied commercial real estate
6,330

 
1,279,771

 
5,491

 
1,291,592

Total commercial business
56,484


2,880,779


12,772


2,950,035

One-to-four family residential
216

 
128,293

 
3,579

 
132,088

Real estate construction and land development:
 
 
 
 
 
 

One-to-four family residential
237

 
104,673

 

 
104,910

Five or more family residential and commercial properties

 
171,777

 

 
171,777

Total real estate construction and land development
237


276,450




276,687

Consumer
554

 
404,312

 
1,762

 
406,628

Total
$
57,491


$
3,689,834


$
18,113


$
3,765,438