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

6 Months Ended

Jun. 30, 2021

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments

Activity in the 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 six months ended June 30, 2021 and 2020:

	For the three months ended June 30, 2021
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,654	$	14,727	$	5,009	$	549	$	1,026	$	22,965
Charge-offs		(164)		(20)		—		—		—		(184)
Recoveries		19		1		—		—		—		20
Net charge-offs		(145)		(19)		—		—		—		(164)
Provision for (credit to) loan losses charged to expense		177		303		(405)		52		(127)		—
Balance, end of period	$	1,686	$	15,011	$	4,604	$	601	$	899	$	22,801

	For the three months ended June 30, 2020
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,005	$	10,129	$	4,763	$	671	$	808	$	17,376
Charge-offs		—		(219)		—		—		—		(219)
Recoveries		75		502		—		—		—		577
Net recoveries		75		283		—		—		—		358
Provision for (credit to) loan losses charged to expense		(76)		1,924		676		(60)		36		2,500
Balance, end of period	$	1,004	$	12,336	$	5,439	$	611	$	844	$	20,234

	For the six months ended June 30, 2021
	SBA held
	for								Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,301	$	14,992	$	5,318	$	681	$	813	$	23,105
Charge-offs		(446)		(393)		—		(1)		—		(840)
Recoveries		34		2		—		—		—		36
Net charge-offs		(412)		(391)		—		(1)		—		(804)
Provision for (credit to) loan losses charged to expense		797		410		(714)		(79)		86		500
Balance, end of period	$	1,686	$	15,011	$	4,604	$	601	$	899	$	22,801

	For the six months ended June 30, 2020
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,079	$	9,722	$	4,254	$	625	$	715	$	16,395
Charge-offs		(25)		(519)		(200)		—		—		(744)
Recoveries		80		503		—		—		—		583
Net (charge-offs) recoveries		55		(16)		(200)		—		—		(161)
Provision for (credit to) loan losses charged to expense		(130)		2,630		1,385		(14)		129		4,000
Balance, end of period	$	1,004	$	12,336	$	5,439	$	611	$	844	$	20,234

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 June 30, 2021 and December 31, 2020:

	June 30, 2021
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	467	$	2,891	$	30	$	3	$	—	$	3,391
Collectively evaluated for impairment		1,219		12,120		4,574		598		899		19,410
Total	$	1,686	$	15,011	$	4,604	$	601	$	899	$	22,801
Loan ending balances:
Individually evaluated for impairment	$	1,574	$	5,533	$	4,043	$	430	$	2,289	$	13,869
Collectively evaluated for impairment		168,915		880,033		418,145		64,127		97,585		1,628,805
Total	$	170,489	$	885,566	$	422,188	$	64,557	$	99,874	$	1,642,674

	December 31, 2020
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	324	$	3,682	$	101	$	—	$	—	$	4,107
Collectively evaluated for impairment		977		11,310		5,217		681		813		18,998
Total	$	1,301	$	14,992	$	5,318	$	681	$	813	$	23,105
Loan ending balances:
Individually evaluated for impairment	$	2,102	$	5,702	$	5,217	$	1,295	$	1,750	$	16,066
Collectively evaluated for impairment		155,742		834,086		462,369		64,805		85,414		1,602,416
Total	$	157,844	$	839,788	$	467,586	$	66,100	$	87,164	$	1,618,482