Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2022

Activity in the allowance for credit losses is summarized as follows:


	Three Months Ended September 30, 2022
(In thousands)	Beginning Balance		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	2,552	$	792	$	—	$	1	$	—	$	3,345
Commercial real estate - owner-occupied	7,376		(2,182)		—		—		—		5,194
Commercial real estate - non owner-occupied	46,459		(6,841)		(179)		23		—		39,462
Residential real estate	14,821		11,193		—		31		(8)		26,037
Commercial and financial	17,144		(1,457)		(77)		92		(1)		15,701
Consumer	2,417		3,171		(152)		158		(4)		5,590
Paycheck Protection Program	—		—		—		—		—		—
Totals	$	90,769	$	4,676	$	(408)	$	305	$	(13)	$	95,329


	Three Months Ended September 30, 2021
(In thousands)	Beginning Balance		Initial Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	4,053	$	—	$	(1,459)	$	—	$	10	$	(1)	$	2,603
Commercial real estate - owner occupied	8,676		—		(24)		—		—		—		8,652
Commercial real estate - non-owner occupied	34,807		1,327		5,278		(1,327)		—		—		40,085
Residential real estate	12,543		—		1,456		(27)		158		(3)		14,127
Commercial and financial	18,016		1,719		(2)		(535)		326		—		19,524
Consumer	3,032		—		(158)		(163)		126		(5)		2,832

Paycheck Protection Program	—		—		—		—		—		—		—
Totals	$	81,127	$	3,046	$	5,091	$	(2,052)	$	620	$	(9)	$	87,823



	Nine Months Ended September 30, 2022
(In thousands)	Beginning Balance		Initial Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	2,751	$	—	$	529	$	—	$	65	$	—	$	3,345
Commercial real estate - owner-occupied	8,579		—		(3,385)		—		—		—		5,194
Commercial real estate - non owner-occupied	36,617		31		2,961		(179)		32		—		39,462
Residential real estate	12,811		17		12,901		(1)		334		(25)		26,037
Commercial and financial	19,744		3		(3,585)		(899)		440		(2)		15,701
Consumer	2,813		—		2,633		(446)		596		(6)		5,590
Paycheck Protection Program	—		—		—		—		—		—		—
Totals	$	83,315	$	51	$	12,054	$	(1,525)	$	1,467	$	(33)	$	95,329



	Nine Months Ended September 30, 2021
(In thousands)	Beginning Balance		Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	4,920	$	—	$	(2,438)	$	—	$	124	$	(3)	$	2,603
Commercial real estate - owner occupied	9,868		—		(1,216)		—		—		—		8,652
Commercial real estate - non-owner occupied	38,266		1,327		1,817		(1,327)		2		—		40,085
Residential real estate	17,500		—		(4,323)		(48)		1,008		(10)		14,127
Commercial and financial	18,690		1,719		1,172		(2,855)		798		—		19,524
Consumer	3,489		—		(491)		(547)		388		(7)		2,832
Paycheck Protection Program	—		—		—		—		—		—		—
Totals	$	92,733	$	3,046	$	(5,479)	$	(4,777)	$	2,320	$	(20)	$	87,823

Schedule of Loan Portfolio, Excluding PCI Loans and Related Allowance

The allowance for credit losses is composed of specific allowances for loans individually evaluated and general allowances for loans grouped into loan pools based on similar characteristics, which are collectively evaluated. The Company’s loan portfolio and related allowance at September 30, 2022 and December 31, 2021 is shown in the following tables:


	September 30, 2022
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	11	$	—	$	361,902	$	3,345	$	361,913	$	3,345
Commercial real estate - owner occupied	2,999		45		1,250,460		5,149		1,253,459		5,194
Commercial real estate - non owner-occupied	4,961		1,300		2,102,653		38,162		2,107,614		39,462
Residential real estate	11,238		399		1,588,527		25,638		1,599,765		26,037
Commercial and financial	7,634		1,768		1,174,750		13,933		1,182,384		15,701
Consumer	481		411		179,935		5,179		180,416		5,590
Paycheck Protection Program	—		—		5,294		—		5,294		—
Totals	$	27,324	$	3,923	$	6,663,521	$	91,406	$	6,690,845	$	95,329


	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 occupied	5,131		419		1,192,643		8,160		1,197,774		8,579
Commercial real estate - non owner-occupied	5,905		27		1,730,534		36,590		1,736,439		36,617
Residential real estate	16,345		646		1,409,009		12,165		1,425,354		12,811
Commercial and financial	11,470		2,885		1,057,886		16,859		1,069,356		19,744
Consumer	741		685		173,434		2,128		174,175		2,813
Paycheck Protection Program	—		—		91,107		—		91,107		—
Totals	$	39,863	$	4,754	$	5,885,166	$	78,561	$	5,925,029	$	83,315