Allowance for Loan Losses and Reserve for Unfunded Loan Commitments (Tables)

9 Months Ended

Sep. 30, 2020

Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]

Activity in Allowance for Loan Losses by Portfolio Segment

The following tables detail the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2020 and 2019:

	For the three months ended September 30, 2020
	SBA held
	for
(In thousands)	investment		Commercial		Residential		Consumer		Total
Balance, beginning of period	$	1,004	$	12,336	$	5,439	$	1,455	$	20,234
Charge-offs		(1)		—		—		—		(1)
Recoveries		3		1		—		—		4
Net recoveries		2		1		—		—		3
Provision for loan losses charged to expense		388		963		485		164		2,000
Balance, end of period	$	1,394	$	13,300	$	5,924	$	1,619	$	22,237

	For the three months ended September 30, 2019
	SBA held
	for
(In thousands)	investment		Commercial		Residential		Consumer		Total
Balance, beginning of period	$	1,321	$	9,144	$	4,198	$	1,302	$	15,965
Charge-offs		(99)		(500)		(130)		—		(729)
Recoveries		13		3		—		—		16
Net charge-offs		(86)		(497)		(130)		—		(713)
Provision for (credit to) loan losses charged to expense		(68)		778		52		(12)		750
Balance, end of period	$	1,167	$	9,425	$	4,120	$	1,290	$	16,002

	For the nine months ended September 30, 2020
	SBA held
	for
(In thousands)	investment		Commercial		Residential		Consumer		Total
Balance, beginning of period	$	1,079	$	9,722	$	4,254	$	1,340	$	16,395
Charge-offs		(27)		(518)		(200)		—		(745)
Recoveries		83		504		—		—		587
Net recoveries (charge-offs)		56		(14)		(200)		—		(158)
Provision for loan losses charged to expense		259		3,592		1,870		279		6,000
Balance, end of period	$	1,394	$	13,300	$	5,924	$	1,619	$	22,237

	For the nine months ended September 30, 2019
	SBA held
	for
(In thousands)	investment		Commercial		Residential		Consumer		Total
Balance, beginning of period	$	1,655	$	8,705	$	3,900	$	1,228	$	15,488
Charge-offs		(492)		(501)		(130)		(1)		(1,124)
Recoveries		16		12		—		10		38
Net (charge-offs) recoveries		(476)		(489)		(130)		9		(1,086)
Provision for (credit to) loan losses charged to expense		(12)		1,209		350		53		1,600
Balance, end of period	$	1,167	$	9,425	$	4,120	$	1,290	$	16,002

Allowance for Credit Losses on Financing Receivables on Basis of Impairment Method

The following tables present loans and their related allowance for loan losses, by portfolio segment, as of September 30, 2020 and December 31, 2019:

	September 30, 2020
	SBA held
	for
(In thousands)	investment		Commercial		Residential		Consumer		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	233	$	527	$	218	$	—	$	978
Collectively evaluated for impairment		1,161		12,773		5,706		1,619		21,259
Total	$	1,394	$	13,300	$	5,924	$	1,619	$	22,237
Loan ending balances:
Individually evaluated for impairment	$	2,634	$	1,200	$	3,722	$	1,293	$	8,849
Collectively evaluated for impairment		183,386		798,373		469,698		146,793		1,598,250
Total	$	186,020	$	799,573	$	473,420	$	148,086	$	1,607,099

	December 31, 2019
	SBA held
	for
(In thousands)	investment		Commercial		Residential		Consumer		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	41	$	373	$	—	$	—	$	414
Collectively evaluated for impairment		1,038		9,349		4,254		1,340		15,981
Total	$	1,079	$	9,722	$	4,254	$	1,340	$	16,395
Loan ending balances:
Individually evaluated for impairment	$	1,105	$	1,234	$	—	$	—	$	2,339
Collectively evaluated for impairment		34,662		763,798		467,706		143,524		1,409,690
Total	$	35,767	$	765,032	$	467,706	$	143,524	$	1,412,029