Purchased Receivables (Tables)

9 Months Ended

Sep. 30, 2020

Purchased Receivables [Abstract]

Summary of Components of Net Purchased Receivables

The following table summarizes the components of net purchased receivables for the periods indicated:

(In Thousands)	September 30, 2020	December 31, 2019
Purchased receivables	$13,607	$24,467
Reserve for purchased receivable losses	(87)	(94)
Total	$13,520	$24,373

Allowance on Net Purchased Receivables

The following tables detail activity in the Allowance for the periods indicated:

Three Months Ended    September 30,	Commercial	Real estate construction one-to-four family	Real estate construction other	Real estate term owner occupied	Real estate term non-owner occupied	Real estate term other	Consumer secured by 1st deed of trust	Consumer other	Unallocated	Total
2020
Balance, beginning of period	$7,366	$690	$1,215	$2,533	$5,421	$702	$258	$447	$2,021	$20,653
Charge-Offs	(56)	—	—	(85)	—	—	—	—	—	(141)
Recoveries	600	—	—	—	—	1	—	3	—	604
Provision (benefit)	285	10	58	21	61	55	(2)	(7)	86	567
Balance, end of period	$8,195	$700	$1,273	$2,469	$5,482	$758	$256	$443	$2,107	$21,683
Balance, end of period:
Individually evaluated
for impairment	$41	$—	$—	$—	$—	$—	$—	$—	$—	$41
Balance, end of period:
Collectively evaluated
for impairment	$8,154	$700	$1,273	$2,469	$5,482	$758	$256	$443	$2,107	$21,642
2019
Balance, beginning of period	$7,123	$739	$1,112	$2,281	$6,231	$761	$322	$486	$1,463	$20,518
Charge-Offs	(22)	—	—	—	—	—	—	(7)	—	(29)
Recoveries	709	—	—	—	—	1	—	13	—	723
Provision (benefit)	(1,340)	(122)	(101)	(299)	(703)	(48)	(49)	(62)	649	(2,075)
Balance, end of period	$6,470	$617	$1,011	$1,982	$5,528	$714	$273	$430	$2,112	$19,137
Balance, end of period:
Individually evaluated
for impairment	$97	$—	$—	$—	$—	$—	$5	$—	$—	$102
Balance, end of period:
Collectively evaluated
for impairment	$6,373	$617	$1,011	$1,982	$5,528	$714	$268	$430	$2,112	$19,035

Nine Months Ended September 30,	Commercial	Real estate construction one-to-four family	Real estate construction other	Real estate term owner occupied	Real estate term non-owner occupied	Real estate term other	Consumer secured by 1st deed of trust	Consumer other	Unallocated	Total
2020
Balance, beginning of period	$6,604	$643	$1,017	$2,188	$5,180	$671	$270	$436	$2,079	$19,088
Charge-Offs	(1,011)	—	—	(85)	—	—	—	(14)	—	(1,110)
Recoveries	656	—	—	—	—	2	—	16	—	674
Provision (benefit)	1,946	57	256	366	302	85	(14)	5	28	3,031
Balance, end of period	$8,195	$700	$1,273	$2,469	$5,482	$758	$256	$443	$2,107	$21,683
Balance, end of period:
Individually evaluated
for impairment	$41	$—	$—	$—	$—	$—	$—	$—	$—	$41
Balance, end of period:
Collectively evaluated
for impairment	$8,154	$700	$1,273	$2,469	$5,482	$758	$256	$443	$2,107	$21,642
2019
Balance, beginning of period	$5,660	$675	$1,275	$2,027	$5,799	$716	$306	$426	$2,635	$19,519
Charge-Offs	(195)	—	—	—	—	—	—	(11)	—	(206)
Recoveries	801	—	—	—	—	28	—	20	—	849
Provision (benefit)	204	(58)	(264)	(45)	(271)	(30)	(33)	(5)	(523)	(1,025)
Balance, end of period	$6,470	$617	$1,011	$1,982	$5,528	$714	$273	$430	$2,112	$19,137
Balance, end of period:
Individually evaluated
for impairment	$97	$—	$—	$—	$—	$—	$5	$—	$—	$102
Balance, end of period:
Collectively evaluated
for impairment	$6,373	$617	$1,011	$1,982	$5,528	$714	$268	$430	$2,112	$19,035

The following table sets forth information regarding changes in the purchased receivable reserve for the three and nine-month periods ending September 30, 2020 and 2019, respectively: 

	Three Months Ended September 30,		Nine Months Ended September 30,
(In Thousands)	2020	2019	2020	2019
Balance, beginning of period	$93	$98	$94	$190
Charge-offs	—	—	—	—
Recoveries	—	—	—	—
Charge-offs net of recoveries	—	—	—	—
Benefit for purchased receivables	(6)	(11)	(7)	(103)
Balance, end of period	$87	$87	$87	$87