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Allowance for Credit Losses (“ACL”) on Loans (Tables)
 9 Months Ended
Sep. 30, 2023
Credit Loss [Abstract]  
Schedule of Allowance for Credit Losses for Off-Balance Sheet credit Exposures
The table below summarizes the allowance for credit losses for off-balance sheet credit exposures as of, and for, the three and nine months ended September 30, 2023, and September 30, 2022 (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Balance at beginning of period$241 $2,480 $791 $1,852 
Provision (benefit) for credit losses160 (1,888)(390)(1,260)
Balance at end of period$401 $592 $401 $592 
Allowance For Loan Losses And Loans Receivable By Portfolio Segment Table
The following tables set forth activity in our allowance for credit losses on loans, by loan type, as of, and for the three and nine months ended September 30, 2023, and September 30, 2022 (in thousands):

 
Three Months Ended September 30, 2023
 Real Estate     
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:
Beginning balance$24,733 $3,814 $1,278 $301 $7,295 $7 $37,428 $3,726 $41,154 
Charge-offs— — — — (2,904)— (2,904)— (2,904)
Recoveries14 — — — 20 — 34 8 42 
Provisions (credit)(409)(243)77 (2)1,391 — 814 (626)188 
Ending balance$24,338 $3,571 $1,355 $299 $5,802 $7 $35,372 $3,108 $38,480 

 
Three Months Ended September 30, 2022
 Real Estate     
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:         
Beginning balance$28,065 $3,005 $802 $285 $2,705 $11 $34,873 $4,158 $39,031 
Charge-offs— — — — — — — (75)(75)
Recoveries4 7 19 — 12 4 46 178 224 
Provisions (credit)2,117 553 53 (10)238 (9)2,942 (239)2,703 
Ending balance$30,186 $3,565 $874 $275 $2,955 $6 $37,861 $4,022 $41,883 
(1) Commercial includes commercial real estate loans collateralized by owner-occupied, non-owner occupied, and multifamily properties.
 Nine Months Ended September 30, 2023
 Real Estate     
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:
Beginning balance$29,485 $3,936 $866 $324 $4,114 $9 $38,734 $3,883 $42,617 
Charge-offs— — — — (5,315)— (5,315)(8)(5,323)
Recoveries48 — 1 — 47 — 96 8 104 
Provisions (credit)(5,195)(365)488 (25)6,956 (2)1,857 (775)1,082 
Ending balance$24,338 $3,571 $1,355 $299 $5,802 $7 $35,372 $3,108 $38,480 
 Nine Months Ended September 30, 2022
 Real Estate     
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:         
Beginning balance$26,785 $3,545 $560 $169 $3,173 $9 $34,241 $4,732 $38,973 
Charge-offs— — — — (185)— (185)(600)(785)
Recoveries101 7 19 — 131 4 262 178 440 
Provisions (credit)3,300 13 295 106 (164)(7)3,543 (288)3,255 
Ending balance$30,186 $3,565 $874 $275 $2,955 $6 $37,861 $4,022 $41,883 
(1) Commercial includes commercial real estate loans collateralized by owner-occupied, non-owner occupied, and multifamily properties.
The following tables detail the amount of loans receivable held-for-investment, net of deferred loan fees and costs, that are evaluated, individually and collectively, for impairment, and the related portion of the allowance for credit losses that is allocated to each loan portfolio segment, at September 30, 2023 and December 31, 2022 (in thousands):
 September 30, 2023
 Real Estate     
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:
Ending balance: individually evaluated for impairment$24 $— $3 $— $18 $— $45 $— $45 
Ending balance: collectively evaluated for impairment24,313 3,571 1,353 299 5,784 7 35,327 — 35,327 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 3,108 3,108 
Loans, net:         
Ending balance$3,715,128 $164,525 $160,798 $32,290 $144,788 $2,074 $4,219,603 $10,371 $4,229,974 
Ending balance: individually evaluated for impairment7,681 624 24 — 87 — 8,416 — 8,416 
Ending balance: collectively evaluated for impairment3,707,447 163,901 160,774 32,290 144,376 2,074 4,210,862 — 4,210,862 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 10,371 10,371 
PPP loans not evaluated for impairment (3)
— — — — 325 — 325 — 325 

 December 31, 2022
 Real Estate     
 
Commercial (1)
One-to-Four FamilyHome Equity and Lines of CreditConstruction and LandCommercial and IndustrialOtherTotal Loans (excluding PCD)PCDTotal
Allowance for credit losses:
Ending balance: individually evaluated for impairment$18 $— $2 $— $18 $— $38 $— $38 
Ending balance: collectively evaluated for impairment29,467 3,936 864 324 4,096 9 38,696 — 38,696 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 3,883 3,883 
Loans, net:         
Ending balance$3,723,828 $173,946 $152,555 $24,932 $154,700 $2,230 $4,232,191 $11,502 $4,243,693 
Ending balance: individually evaluated for impairment8,152 666 27 — 94 — 8,939 — 8,939 
Ending balance: collectively evaluated for impairment3,715,676 173,280 152,528 24,932 149,463 2,230 4,218,109 — 4,218,109 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 11,502 11,502 
PPP loans not evaluated for impairment (3)
— — — — 5,143 — 5,143 — 5,143 
(1) Commercial includes commercial real estate loans collateralized by owner-occupied, non-owner occupied, and multifamily properties.
(2) Upon adoption of CECL, the Company elected to maintain pools of PCD loans that were previously accounted for under ASC 310-30, and will continue to evaluate PCD loans under this guidance.
(3) PPP loans are guaranteed by the SBA and therefore excluded from the allowance for credit losses.