Commitments and Contingencies

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

In the ordinary course of business, the Bank may enter into various types of transactions that include commitments to extend credit that are not included in its unaudited Condensed Consolidated Financial Statements. The Bank applies the same credit standards to these commitments as it uses in all its lending activities and has included these commitments in its lending risk evaluations. The majority of the commitments presented below are variable rate. Loan commitments can be either revolving or non-revolving. The Bank’s exposure to credit and market risk under commitments to extend credit is represented by the amount of these commitments.

The following table presents outstanding commitments to extend credit, including letters of credit, at the dates indicated:

	June 30, 2022		December 31, 2021
	(In thousands)
Commercial business:
Commercial and industrial	$	553,134	$	570,156
Owner-occupied CRE	3,612		2,252
Non-owner occupied CRE	13,310		7,487
Total commercial business	570,056		579,895
Real estate construction and land development:
Residential	52,374		51,838
Commercial and multifamily	217,177		209,217
Total real estate construction and land development	269,551		261,055
Consumer	307,906		285,010
Total outstanding commitments	$	1,147,513	$	1,125,960

The following table details the activity in the ACL on unfunded commitments during the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands)
Balance, beginning of period	$	1,552	$	3,617	$	2,607	$	4,681
Reversal of provision for credit losses on unfunded commitments	(555)		(1,166)		(1,610)		(2,230)
Balance, end of period	$	997	$	2,451	$	997	$	2,451