XML 25 R15.htm IDEA: XBRL DOCUMENT v3.22.1
Allowance for Credit Losses (ACL)
3 Months Ended
Mar. 31, 2022
Allowance for Credit Losses (ACL)  
Allowance for Credit Losses (ACL)

Note 7 — Allowance for Credit Losses (ACL)

See Note 2 — Summary of Significant Accounting Policies in this Quarterly Report on Form 10-Q for further detailed descriptions of our estimation process and methodology related to the allowance for credit losses.

The following table presents a disaggregated analysis of activity in the allowance for credit losses as follows:

Residential

Residential

Residential

Other

CRE Owner

Non-Owner

(Dollars in thousands)

Mortgage Sr.

Mortgage Jr.

HELOC

Construction

C&D

Consumer

Multifamily

Municipal

Occupied

Occupied CRE

C & I

Total

Three Months Ended March 31, 2022

Allowance for credit losses:

Balance at end of period December 31, 2021

$

47,036

611

13,325

4,997

37,593

23,149

4,921

565

61,794

79,649

28,167

$

301,807

Initial Allowance for PCD loans acquired during period

84

86

1,479

7,569

9,218

Initial Allowance for Non PCD loans acquired during period

352

26

132

2

1,887

51

426

2,519

2,697

5,605

13,697

Charge-offs

 

(58)

 

(19)

 

(218)

 

 

(4)

 

(2,661)

 

 

 

(371)

(2,159)

 

(5,490)

Recoveries

 

394

 

55

 

257

 

3

 

234

 

532

 

 

 

314

69

1,309

 

3,167

Net (charge offs) recoveries

336

 

36

 

39

 

3

 

230

 

(2,129)

 

 

 

(57)

69

(850)

(2,323)

(Recovery) provision (1)

 

(1,806)

 

(87)

 

175

 

614

 

(14,438)

 

828

 

(1,444)

 

42

 

(16,641)

13,945

(3,191)

 

(22,003)

Balance at end of period March 31, 2022

$

46,002

$

586

$

13,671

$

5,616

$

25,358

$

21,899

$

3,903

$

607

$

49,094

$

96,360

$

37,300

$

300,396

Allowance for credit losses:

Quantitative allowance

Collectively evaluated

$

45,805

$

586

$

12,301

$

5,616

$

24,770

$

21,899

$

3,903

$

607

$

45,302

$

95,051

$

32,476

$

288,316

Individually evaluated

168

1,357

588

2,960

3,358

8,431

Total quantitative allowance

45,973

586

13,658

5,616

25,358

21,899

3,903

607

48,262

95,051

35,834

296,747

Qualitative allowance

29

13

832

1,309

1,466

3,649

Balance at end of period March 31, 2022

$

46,002

$

586

$

13,671

$

5,616

$

25,358

$

21,899

$

3,903

$

607

$

49,094

$

96,360

$

37,300

$

300,396

Three Months Ended March 31, 2021

Allowance for loan losses:

Balance at end of period December 31, 2020

$

63,561

$

1,238

$

16,698

$

4,914

$

67,197

$

26,562

$

7,887

$

1,510

$

97,104

$

124,421

$

46,217

$

457,309

Charge-offs

 

(120)

 

 

(169)

 

 

(10)

 

(2,149)

 

 

 

(27)

(194)

(705)

 

(3,374)

Recoveries

 

428

 

33

 

417

 

1

 

201

 

510

 

 

 

333

321

1,151

 

3,395

Net (charge offs) recoveries

308

33

248

1

191

(1,639)

306

127

446

21

Provision (recovery) (1)

 

(827)

 

(81)

 

(943)

 

(1,023)

 

(12,051)

 

2,960

 

(2,003)

 

34

 

(6,750)

(16,989)

(13,197)

 

(50,870)

Balance at end of period March 31, 2021

$

63,042

$

1,190

$

16,003

$

3,892

$

55,337

$

27,883

$

5,884

$

1,544

$

90,660

$

107,559

$

33,466

$

406,460

Allowance for credit losses:

Quantitative allowance

Collectively evaluated

$

55,336

$

1,190

$

14,210

$

3,830

$

55,234

$

21,334

$

5,884

$

817

$

83,115

$

100,267

$

26,673

$

367,890

Individually evaluated

378

165

103

3,315

35

399

4,395

Total quantitative allowance

55,714

1,190

14,375

3,830

55,337

21,334

5,884

817

86,430

100,302

27,072

372,285

Qualitative allowance

7,328

1,628

62

6,549

727

4,230

7,257

6,394

34,175

Balance at end of period March 31, 2021

$

63,042

$

1,190

$

16,003

$

3,892

$

55,337

$

27,883

$

5,884

$

1,544

$

90,660

$

107,559

$

33,466

$

406,460

(1)A negative provision (recovery) for credit losses of ($142,000), net of the provision for $3.4 million recorded for the unfunded commitments acquired from ACBI, was recorded during the first quarter of 2022, compared to a negative provision (recovery) for credit losses of $7.5 million recorded during the first quarter of 2021 for the allowance for credit losses for unfunded commitments that is not included in the above table.