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Allowance for Credit Losses (“ACL”) on Loans (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025, and September 30, 2024 (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Balance at beginning of period$568 $422 $518 $236 
Provision for credit losses116 151 166 337 
Balance at end of period$684 $573 $684 $573 
Schedule of Allowance for Loan Losses and Loans Receivable by Portfolio Segment
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, 2025, and September 30, 2024 (in thousands):

 
Three Months Ended September 30, 2025
 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$22,770 $2,444 $2,729 $98 $5,359 $3 $33,403 $2,717 $36,120 
Charge-offs— — — — (483)(1)(484)(343)(827)
Recoveries13 — — — 483 — 496 32 528 
Provisions (credit)885 (120)(38)(3)98 — 822 247 1,069 
Ending balance$23,668 $2,324 $2,691 $95 $5,457 $2 $34,237 $2,653 $36,890 

 
Three Months Ended September 30, 2024
 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$19,306 $2,292 $2,562 $108 $7,564 $3 $31,835 $2,945 $34,780 
Charge-offs— — — — (2,355)— (2,355)— (2,355)
Recoveries14 — 92 — 124 — 230 — 230 
Provisions (credit)693 (194)(357)(2)2,424 (1)2,563 (21)2,542 
Ending balance$20,013 $2,098 $2,297 $106 $7,757 $2 $32,273 $2,924 $35,197 
(1) Commercial includes commercial real estate loans collateralized by owner-occupied, non-owner occupied, and multifamily properties.
 Nine Months Ended September 30, 2025
 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$20,949 $2,245 $2,254 $103 $6,724 $4 $32,279 $2,904 $35,183 
Charge-offs— — — — (4,633)(1)(4,634)(343)(4,977)
Recoveries42 — — — 872 1 915 32 947 
Provisions (credit)2,677 79 437 (8)2,494 (2)5,677 60 5,737 
Ending balance$23,668 $2,324 $2,691 $95 $5,457 $2 $34,237 $2,653 $36,890 
 Nine Months Ended September 30, 2024
 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$23,255 $3,285 $1,705 $149 $6,050 $6 $34,450 $3,085 $37,535 
Charge-offs(136)— — — (4,842)— (4,978)— (4,978)
Recoveries42 9 92 — 158 — 301 — 301 
Provisions (credit)(3,148)(1,196)500 (43)6,391 (4)2,500 (161)2,339 
Ending balance$20,013 $2,098 $2,297 $106 $7,757 $2 $32,273 $2,924 $35,197 
(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, 2025, and December 31, 2024 (in thousands):
 September 30, 2025
 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$705 $— $— $— $491 $— $1,196 $— $1,196 
Ending balance: collectively evaluated for impairment22,963 2,324 2,691 95 4,966 2 33,041 — 33,041 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 2,653 2,653 
Loans, net:         
Ending balance$3,335,028 $165,969 $193,309 $34,365 $162,053 $1,204 $3,891,928 $8,418 $3,900,346 
Ending balance: individually evaluated for impairment8,483 1,255 17 — 3,293 — 13,048 — 13,048 
Ending balance: collectively evaluated for impairment3,326,545 164,714 193,292 34,365 158,723 1,204 3,878,843 — 3,878,843 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 8,418 8,418 
PPP loans not evaluated for impairment (3)
— — — — 37 — 37 — 37 

 December 31, 2024
 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$— $— $2 $— $1,274 $— $1,276 $— $1,276 
Ending balance: collectively evaluated for impairment20,949 2,245 2,252 103 5,450 4 31,003 — 31,003 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 2,904 2,904 
Loans, net:         
Ending balance$3,487,285 $150,217 $174,062 $35,897 $163,425 $2,165 $4,013,051 $9,173 $4,022,224 
Ending balance: individually evaluated for impairment7,730 555 20 — 4,070 — 12,375 — 12,375 
Ending balance: collectively evaluated for impairment3,479,555 149,662 174,042 35,897 159,237 2,165 4,000,558 — 4,000,558 
Ending balance: PCD loans evaluated for impairment (2)
— — — — — — — 9,173 9,173 
PPP loans not evaluated for impairment (3)
— — — — 118 — 118 — 118 
(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 Accounting Standards Codification (“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.