XML 49 R33.htm IDEA: XBRL DOCUMENT v3.22.0.1
Allowance for Credit Losses (Tables)
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Allowance for Credit Losses on Financing Receivables
Activity in the allowance for credit losses is summarized as follows: 
For the Year Ended
December 31, 2021
(In thousands)Beginning
Balance
Initial Allowance on PCD Loans Acquired During the PeriodProvision
for Loan
Losses
Charge-
Offs
RecoveriesTDR
Allowance
Adjustments
Ending
Balance
Construction and land development$4,920 $— $(2,300)$— $133 $(2)$2,751 
Commercial real estate - owner occupied9,868 — (1,289)— — — 8,579 
Commercial real estate - non-owner occupied38,266 1,327 (1,664)(1,327)15 — 36,617 
Residential real estate17,500 — (5,822)(57)1,196 (6)12,811 
Commercial and financial18,690 1,719 2,292 (3,987)1,030 — 19,744 
Consumer3,489 — (638)(727)697 (8)2,813 
Paycheck Protection Program— — — — — — — 
Total$92,733 $3,046 $(9,421)$(6,098)$3,071 $(16)$83,315 
For the Year Ended
December 31, 2020
(In thousands)Beginning
Balance
Impact of Adoption of ASC 326Initial Allowance on PCD Loans Acquired During the Period
Provision
for Credit
Losses1
Charge-
Offs
RecoveriesTDR
Allowance
Adjustments
Ending
Balance
Construction and land development$1,842 $1,479 $87 $1,399 $— $114 $(1)$4,920 
Commercial real estate - owner occupied5,361 80 1,161 3,632 (310)18 (74)9,868 
Commercial real estate - non-owner occupied7,863 9,341 2,236 18,966 (177)37 — 38,266 
Residential real estate7,667 5,787 124 3,840 (240)350 (28)17,500 
Commercial and financial9,716 3,677 2,643 8,329 (7,091)1,416 — 18,690 
Consumer2,705 862 28 1,613 (2,024)316 (11)3,489 
Paycheck Protection Program— — — — — — — — 
Total$35,154 $21,226 $6,279 $37,779 $(9,842)$2,251 $(114)$92,733 
1In addition, the Company recorded a $0.4 million provision to establish a valuation allowance on accrued interest receivable.
For the Year Ended
December 31, 2019
(In thousands)Beginning
Balance
Provision
for Loan
Losses
Charge-
Offs
RecoveriesTDR
Allowance
Adjustments
Ending
Balance
Construction and land development$2,233 $(421)$— $31 $(1)$1,842 
Commercial real estate11,112 1,677 (248)744 (61)13,224 
Residential real estate7,775 (231)(152)338 (63)7,667 
Commercial and financial8,585 7,969 (7,550)712 — 9,716 
Consumer2,718 2,005 (2,609)595 (4)2,705 
Total$32,423 $10,999 $(10,559)$2,420 $(129)$35,154 
Loan Portfolio and Related Allowance The Company’s loan portfolio and related allowance at December 31, 2021 and 2020 is shown in the following tables. 
December 31, 2021
 Individually Evaluated Collectively Evaluated Total
(In thousands)Recorded
Investment
Associated
Allowance
Recorded
Investment
Associated
Allowance
Recorded
Investment
Associated
Allowance
Construction and land development$271 $92 $230,553 $2,659 $230,824 $2,751 
Commercial real estate - owner occupied5,131 419 1,192,643 8,160 1,197,774 8,579 
Commercial real estate - non-owner occupied5,905 27 1,730,534 36,590 1,736,439 36,617 
Residential real estate16,345 646 1,409,009 12,165 1,425,354 12,811 
Commercial and financial11,470 2,885 1,057,886 16,859 1,069,356 19,744 
Consumer741 685 173,434 2,128 174,175 2,813 
Paycheck Protection Program— — 91,107 — 91,107 — 
Total$39,863 $4,754 $5,885,166 $78,561 $5,925,029 $83,315 
 
December 31, 2020
 Individually Evaluated Collectively EvaluatedTotal
(In thousands)Recorded
Investment
Associated
Allowance
Recorded
Investment
Associated
Allowance
Recorded
Investment
Associated
Allowance
Construction and land development$276 $13 $244,832 $4,907 $245,108 $4,920 
Commercial real estate - owner occupied10,243 402 1,131,067 9,466 1,141,310 9,868 
Commercial real estate - non-owner occupied8,083 1,640 1,387,771 36,626 1,395,854 38,266 
Residential real estate16,506 2,064 1,326,122 15,436 1,342,628 17,500 
Commercial and financial13,281 3,498 841,472 15,192 854,753 18,690 
Consumer807 91 187,928 3,398 188,735 3,489 
Paycheck Protection Program— — 566,961 — 566,961 — 
Total$49,196 $7,708 $5,686,153 $85,025 $5,735,349 $92,733