Schedule of Changes in Allowance For Credit Losses on Loans Receivable and Unfunded Commitments |
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2024 | | Beginning Balance | | Charge-offs | | Recoveries | | (Reversal of) Provision for Credit Losses | | Ending Balance | | (Dollars in thousands) | Commercial business: | | | | | | | | | | Commercial and industrial | $ | 11,134 | | | $ | (50) | | | $ | 72 | | | $ | (472) | | | $ | 10,684 | | Owner-occupied CRE | 9,850 | | | (2,510) | | | — | | | 4,819 | | | 12,159 | | Non-owner occupied CRE | 13,483 | | | — | | | — | | | 841 | | | 14,324 | | Total commercial business | 34,467 | | | (2,560) | | | 72 | | | 5,188 | | | 37,167 | | Residential real estate | 3,735 | | | — | | | — | | | (131) | | | 3,604 | | Real estate construction and land development: | Residential | 910 | | | — | | | — | | | (118) | | | 792 | | Commercial and multifamily | 9,908 | | | — | | | — | | | (2,235) | | | 7,673 | | Total real estate construction and land development | 10,818 | | | — | | | — | | | (2,353) | | | 8,465 | | Consumer | 2,199 | | | (85) | | | 40 | | | 1 | | | 2,155 | | Total | $ | 51,219 | | | $ | (2,645) | | | $ | 112 | | | $ | 2,705 | | | $ | 51,391 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2024 | | Beginning Balance | | Charge-offs | | Recoveries | | Provision for (Reversal of) Credit Losses | | Ending Balance | | (Dollars in thousands) | Commercial business: | | | | | | | | | | Commercial and industrial | $ | 11,128 | | | $ | (439) | | | $ | 448 | | | $ | (453) | | | $ | 10,684 | | Owner-occupied CRE | 8,999 | | | (2,510) | | | 359 | | | 5,311 | | | 12,159 | | Non-owner occupied CRE | 11,176 | | | — | | | — | | | 3,148 | | | 14,324 | | Total commercial business | 31,303 | | | (2,949) | | | 807 | | | 8,006 | | | 37,167 | | Residential real estate | 3,473 | | | — | | | — | | | 131 | | | 3,604 | | Real estate construction and land development: | Residential | 1,643 | | | — | | | — | | | (851) | | | 792 | | Commercial and multifamily | 9,233 | | | — | | | — | | | (1,560) | | | 7,673 | | Total real estate construction and land development | 10,876 | | | — | | | — | | | (2,411) | | | 8,465 | | Consumer | 2,347 | | | (446) | | | 101 | | | 153 | | | 2,155 | | Total | $ | 47,999 | | | $ | (3,395) | | | $ | 908 | | | $ | 5,879 | | | $ | 51,391 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2023 | | Beginning Balance | | Charge-offs | | Recoveries | | Provision for (Reversal of) Credit Losses | | Ending Balance | | (Dollars in thousands) | Commercial business: | | | | | | | | | | Commercial and industrial | $ | 13,288 | | | $ | (15) | | | $ | 1,253 | | | $ | (2,781) | | | $ | 11,745 | | Owner-occupied CRE | 8,503 | | | — | | | — | | | 191 | | | 8,694 | | Non-owner occupied CRE | 9,482 | | | — | | | — | | | 1,184 | | | 10,666 | | Total commercial business | 31,273 | | | (15) | | | 1,253 | | | (1,406) | | | 31,105 | | Residential real estate | 2,865 | | | — | | | — | | | 684 | | | 3,549 | | Real estate construction and land development: | Residential | 1,671 | | | — | | | — | | | (163) | | | 1,508 | | Commercial and multifamily | 8,014 | | | — | | | — | | | 437 | | | 8,451 | | Total real estate construction and land development | 9,685 | | | — | | | — | | | 274 | | | 9,959 | | Consumer | 2,585 | | | (123) | | | 59 | | | (187) | | | 2,334 | | Total | $ | 46,408 | | | $ | (138) | | | $ | 1,312 | | | $ | (635) | | | $ | 46,947 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2023 | | Beginning Balance | | Charge-offs | | Recoveries | | (Reversal of) Provision for Credit Losses | | Ending Balance | | (Dollars in thousands) | Commercial business: | | | | | | | | | | Commercial and industrial | $ | 13,962 | | | $ | (176) | | | $ | 1,342 | | | $ | (3,383) | | | $ | 11,745 | | Owner-occupied CRE | 7,480 | | | — | | | — | | | 1,214 | | | 8,694 | | Non-owner occupied CRE | 9,276 | | | — | | | — | | | 1,390 | | | 10,666 | | Total commercial business | 30,718 | | | (176) | | | 1,342 | | | (779) | | | 31,105 | | Residential real estate | 2,872 | | | — | | | — | | | 677 | | | 3,549 | | Real estate construction and land development: | Residential | 1,654 | | | — | | | — | | | (146) | | | 1,508 | | Commercial and multifamily | 5,409 | | | — | | | — | | | 3,042 | | | 8,451 | | Total real estate construction and land development | 7,063 | | | — | | | — | | | 2,896 | | | 9,959 | | Consumer | 2,333 | | | (420) | | | 149 | | | 272 | | | 2,334 | | Total | $ | 42,986 | | | $ | (596) | | | $ | 1,491 | | | $ | 3,066 | | | $ | 46,947 | |
The following table details the activity in the ACL on unfunded commitments during the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | (Dollars in thousands) | Balance, beginning of period | $ | 774 | | | $ | 1,777 | | | $ | 1,288 | | | $ | 1,744 | | (Reversal of) provision for credit losses on unfunded commitments | (266) | | | (243) | | | (780) | | | (210) | | Balance, end of period | $ | 508 | | | $ | 1,534 | | | $ | 508 | | | $ | 1,534 | |
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