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 past three years: | | | | | | | | | | | | | | | | | | | | | For the year ended December 31, 2022 | | | | | | | | | | | | | | | Residential | | | | (In thousands) | | SBA | | Commercial | | Residential | | Consumer | | Construction | | Total | Balance, beginning of period | | $ | 1,074 | | $ | 15,053 | | $ | 4,114 | | $ | 671 | | $ | 1,390 | | $ | 22,302 | Charge-offs | | | (59) | | | (1,000) | | | — | | | (398) | | | — | | | (1,457) | Recoveries | | | 33 | | | 109 | | | 3 | | | 47 | | | — | | | 192 | Net (charge-offs) recoveries | | | (26) | | | (891) | | | 3 | | | (351) | | | — | | | (1,265) | Provision for (credit to) loan losses charged to expense | | | (173) | | | 1,092 | | | 1,333 | | | 670 | | | 1,237 | | | 4,159 | Balance, end of period | | $ | 875 | | $ | 15,254 | | $ | 5,450 | | $ | 990 | | $ | 2,627 | | $ | 25,196 |
| | | | | | | | | | | | | | | | | | | | | For the year ended December 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 | | | (591) | | | (551) | | | — | | | (4) | | | — | | | (1,146) | Recoveries | | | 86 | | | 34 | | | 42 | | | — | | | — | | | 162 | Net recoveries (charge-offs) | | | (505) | | | (517) | | | 42 | | | (4) | | | — | | | (984) | Provision for (credit to) loan losses charged to expense | | | 278 | | | 578 | | | (1,246) | | | (6) | | | 577 | | | 181 | Balance, end of period | | $ | 1,074 | | $ | 15,053 | | $ | 4,114 | | $ | 671 | | $ | 1,390 | | $ | 22,302 |
| | | | | | | | | | | | | | | | | | | | | For the year ended December 31, 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 | | | (26) | | | (669) | | | (200) | | | — | | | — | | | (895) | Recoveries | | | 83 | | | 522 | | | — | | | — | | | — | | | 605 | Net (charge-offs) recoveries | | | 57 | | | (147) | | | (200) | | | — | | | — | | | (290) | Provision for loan losses charged to expense | | | 165 | | | 5,417 | | | 1,264 | | | 56 | | | 98 | | | 7,000 | Balance, end of period | | $ | 1,301 | | $ | 14,992 | | $ | 5,318 | | $ | 681 | | $ | 813 | | $ | 23,105 |
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Allowance for Credit Losses on Financing Receivables |
The following tables present loans and their related allowance for loan losses, by portfolio segment, as of December 31st for the past two years: | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | | | | | | | | | | | | | Residential | | | | (In thousands) | | SBA | | Commercial | | Residential | | Consumer | | Construction | | Total | Allowance for loan losses ending balance: | | | | | | | | | | | | | | | | | | Individually evaluated for impairment | | $ | 115 | | $ | 516 | | $ | 36 | | $ | — | $ | 1,112 | | $ | 1,779 | Collectively evaluated for impairment | | | 760 | | | 14,738 | | | 5,414 | | | 990 | | 1,515 | | | 23,417 | Total | | $ | 875 | | $ | 15,254 | | $ | 5,450 | | $ | 990 | $ | 2,627 | | $ | 25,196 | Loan ending balances: | | | | | | | | | | | | | | | | | | Individually evaluated for impairment | | $ | 690 | | $ | 3,101 | | $ | 3,361 | | $ | — | $ | 3,432 | | $ | 10,584 | Collectively evaluated for impairment | | | 71,614 | | | 1,184,442 | | | 601,730 | | | 78,164 | | 160,025 | | | 2,095,975 | Total | | $ | 72,304 | | $ | 1,187,543 | | $ | 605,091 | | $ | 78,164 | $ | 163,457 | | $ | 2,106,559 |
| | | | | | | | | | | | | | | | | | | | 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 |
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