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

3 Months Ended

Mar. 31, 2022

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 months ended March 31, 2022 and 2021:

	For the three months ended March 31, 2022
	SBA held
	for								Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,074	$	15,053	$	4,114	$	671	$	1,390	$	22,302
Charge-offs		—		—		—		(6)		—		(6)
Recoveries		22		28		—		—		—		50
Net recoveries (charge-offs)		22		28		—		(6)		—		44
Provision for (credit to) loan losses charged to expense		(155)		(376)		170		(23)		206		(178)
Balance, end of period	$	941	$	14,705	$	4,284	$	642	$	1,596	$	22,168

	For the three months ended March 31, 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		(282)		(373)		—		(1)		—		(656)
Recoveries		15		1		—		—		—		16
Net (charge-offs) recoveries		(267)		(372)		—		(1)		—		(640)
Provision for (credit to) loan losses charged to expense		620		107		(309)		(131)		213		500
Balance, end of period	$	1,654	$	14,727	$	5,009	$	549	$	1,026	$	22,965

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 March 31, 2022 and December 31, 2021:

	March 31, 2022
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	4	$	2,349	$	224	$	56	$	219	$	2,852
Collectively evaluated for impairment		937		12,356		4,060		586		1,377		19,316
Total	$	941	$	14,705	$	4,284	$	642	$	1,596	$	22,168
Loan ending balances:
Individually evaluated for impairment	$	537	$	4,772	$	3,146	$	627	$	3,273	$	12,355
Collectively evaluated for impairment		61,129		975,139		424,019		77,075		126,385		1,663,747
Total	$	61,666	$	979,911	$	427,165	$	77,702	$	129,658	$	1,676,102

	December 31, 2021
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	4	$	2,615	$	80	$	56	$	68	$	2,823
Collectively evaluated for impairment		1,070		12,438		4,034		615		1,322		19,479
Total	$	1,074	$	15,053	$	4,114	$	671	$	1,390	$	22,302
Loan ending balances:
Individually evaluated for impairment	$	510	$	4,220	$	3,262	$	637	$	3,122	$	11,751
Collectively evaluated for impairment		82,015		927,506		406,093		77,307		117,403		1,610,324
Total	$	82,525	$	931,726	$	409,355	$	77,944	$	120,525	$	1,622,075