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Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table provides a summary of the Company’s loan portfolio as of the dates indicated:


	As of December 31,
	2023		2022
	(In thousands)
Commercial and industrial	$	3,034,068	$	3,150,946
Commercial real estate	5,457,349		5,155,323
Commercial construction	386,999		336,276
Business banking	1,085,763		1,090,492
Residential real estate	2,565,485		2,460,849
Consumer home equity	1,208,231		1,187,547
Other consumer (1)(2)	235,533		194,098
Gross loans before unamortized premiums, unearned discounts and deferred fees and costs	13,973,428		13,575,531
Allowance for loan losses (3)	(148,993)		(142,211)
Unamortized premiums, net of unearned discounts and deferred fees, net of costs	(25,068)		(13,003)
Loans after the allowance for loan losses, unamortized premiums, unearned discounts and deferred fees and costs	$	13,799,367	$	13,420,317

(1)Automobile loans are included in the other consumer portfolio above and amounted to $7.2 million and $18.1 million at December 31, 2023 and 2022, respectively.

(2)Home improvement loans are included in the other consumer portfolio and amounted to $178.9 million and $121.1 million at December 31, 2023 and 2022, respectively.

(3)The balance of accrued interest receivable excluded from amortized cost and the calculation of the allowance for loan losses amounted to $53.9 million and $45.2 million as of December 31, 2023 and 2022, respectively, and is included within other assets on the Consolidated Balance Sheets.

Financing Receivable, Allowance for Credit Loss

The following tables summarize the change in the allowance for loan losses by loan category for the periods indicated:


	For the Year Ended December 31, 2023
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	26,859	$	54,730	$	7,085	$	16,189	$	28,129	$	6,454	$	2,765	$	142,211
Cumulative effect of change in accounting principle (1)	47		—		—		(140)		(849)		(201)		—		(1,143)
Charge-offs	(13)		(8,008)		—		(4,645)		—		(7)		(2,419)		(15,092)
Recoveries	296		198		—		1,867		97		41		466		2,965
Provision (release)	(230)		18,555		(419)		1,642		(1,423)		(692)		2,619		20,052
Ending balance	$	26,959	$	65,475	$	6,666	$	14,913	$	25,954	$	5,595	$	3,431	$	148,993

(1)Represents the adjustment needed to reflect the cumulative day one impact pursuant to the Company’s adoption of ASU 2022-02 (i.e., cumulative effect adjustment related to the adoption of ASU 2022-02 as of January 1, 2023). The adjustment represents a $1.1 million decrease to the allowance attributable to the change in accounting methodology for estimating the allowance for loan losses resulting from the Company’s adoption of the standard.


	For the Year Ended December 31, 2022
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Other		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	18,018	$	52,373	$	2,585	$	10,983	$	6,556	$	3,722	$	3,308	$	242	$	97,787
Cumulative effect of change in accounting principle (1)	11,533		(6,655)		1,485		6,160		13,489		1,857		(541)		(242)		27,086
Charge-offs	(269)		—		—		(2,292)		—		(1)		(2,269)		—		(4,831)
Recoveries	1,322		91		—		2,069		94		24		644		—		4,244
Provision (release)	(3,745)		8,921		3,015		(731)		7,990		852		1,623		—		17,925
Ending balance	$	26,859	$	54,730	$	7,085	$	16,189	$	28,129	$	6,454	$	2,765	$	—	$	142,211

(1)Represents the adjustment needed to reflect the cumulative day one impact pursuant to the Company’s adoption of ASU 2016-13 (i.e., cumulative effect adjustment related to the adoption of ASU 2016-13 as of January 1, 2022). The adjustment represents a $27.1 million increase to the allowance attributable to the change in accounting methodology for estimating the allowance for loan losses resulting from the Company’s adoption of the standard. The adjustment also includes the adjustment needed to reflect the day one reclassification of the Company’s PCI loan balances to PCD and the associated gross-up of $0.1 million, pursuant to the Company’s adoption of ASU 2016-13.

The following table summarizes the change in allowance for loan losses by loan category for the year ended December 31, 2021:


	For the Year Ended December 31, 2021
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Other		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	26,617	$	54,569	$	4,553	$	13,152	$	6,435	$	3,744	$	3,467	$	494	$	113,031
Charge-offs	(1,558)		(247)		—		(5,091)		(35)		(24)		(2,047)		—		(9,002)
Recoveries	935		4		—		1,524		122		185		674		—		3,444
(Release of) Provision	(7,976)		(1,953)		(1,968)		1,398		34		(183)		1,214		(252)		(9,686)
Ending balance	$	18,018	$	52,373	$	2,585	$	10,983	$	6,556	$	3,722	$	3,308	$	242	$	97,787

Financing Receivable Credit Quality Indicators

The following table details the amortized cost balances of the Company’s loan portfolios, presented by credit quality indicator and origination year as of December 31, 2023, and gross charge-offs for the year ended December 31, 2023:


	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
	(In thousands)
Commercial and industrial
Pass	$	477,138	$	442,896	$	350,782	$	341,243	$	140,641	$	641,342	$	485,448	$	3,255	$	2,882,745
Special Mention	4,229		25,796		14,994		13,563		89		553		51,106		455		110,785
Substandard	1,534		11,995		1,775		405		—		2,581		7,803		—		26,093
Doubtful	—		—		—		—		—		8		—		—		8
Loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial	482,901		480,687		367,551		355,211		140,730		644,484		544,357		3,710		3,019,631
Current period gross charge-offs	—		2		—		—		—		11		—		—		13

Commercial real estate
Pass	498,590		1,435,893		855,014		573,370		516,689		1,291,189		47,581		2,556		5,220,882
Special Mention	15,200		7,990		—		736		2,281		34,803		—		—		61,010
Substandard	19,738		12,589		15,237		3,938		33,413		48,978		8,006		—		141,899
Doubtful	10,615		—		—		—		—		19,441		—		—		30,056
Loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	544,143		1,456,472		870,251		578,044		552,383		1,394,411		55,587		2,556		5,453,847
Current period gross charge-offs	2,008		—		—		—		—		6,000		—		—		8,008

Commercial construction
Pass	133,463		151,957		96,147		—		—		—		2,614		—		384,181
Special Mention	456		—		—		—		—		—		—		—		456
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial construction	133,919		151,957		96,147		—		—		—		2,614		—		384,637
Current period gross charge-offs	—		—		—		—		—		—		—		—		—

Business banking
Pass	139,237		165,247		182,606		146,180		110,638		229,636		73,054		3,996		1,050,594
Special Mention	1,474		2,553		1,009		4,294		4,692		11,479		23		27		25,551
Substandard	1,310		596		2,684		2,071		1,464		3,423		594		579		12,721
Doubtful	—		—		—		—		507		220		—		—		727
Loss	—		—		—		—		—		—		—		—		—
Total business banking	142,021		168,396		186,299		152,545		117,301		244,758		73,671		4,602		1,089,593
Current period gross charge-offs	188		161		1,596		86		654		590		—		1,370		4,645

Residential real estate
Current and accruing	257,671		728,997		665,811		354,003		93,817		451,812		—		—		2,552,111
30-89 days past due and accruing	750		6,615		2,437		2,112		1,496		8,219		—		—		21,629
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		1,755		1,433		291		288		4,958		—		—		8,725


Total residential real estate	258,421		737,367		669,681		356,406		95,601		464,989		—		—		2,582,465
Current period gross charge-offs	—		—		—		—		—		—		—		—		—

Consumer home equity
Current and accruing	30,393		84,065		9,151		4,899		4,166		80,687		970,882		9,472		1,193,715
30-89 days past due and accruing	148		483		—		—		—		558		7,509		223		8,921
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		66		—		—		—		1,466		6,770		230		8,532
Total consumer home equity	30,541		84,614		9,151		4,899		4,166		82,711		985,161		9,925		1,211,168
Current period gross charge-offs	—		—		—		—		—		—		7		—		7

Other consumer
Current and accruing	93,659		36,601		23,962		12,427		11,367		14,609		13,353		85		206,063
30-89 days past due and accruing	170		271		153		25		12		92		40		—		763
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	50		61		25		2		14		34		7		—		193
Total other consumer	93,879		36,933		24,140		12,454		11,393		14,735		13,400		85		207,019
Current period gross charge-offs	1,047		411		329		92		111		260		169		—		2,419

Total	$	1,685,825	$	3,116,426	$	2,223,220	$	1,459,559	$	921,574	$	2,846,088	$	1,674,790	$	20,878	$	13,948,360

(1)The amounts presented represent the amortized cost as of December 31, 2023 of revolving loans that were converted to term loans during the year ended December 31, 2023.

The following table details the amortized cost balances of the Company’s loan portfolios, presented by credit quality indicator and origination year as of December 31, 2022:


	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
	(In thousands)
Commercial and industrial
Pass	$	778,144	$	479,317	$	415,990	$	199,865	$	100,716	$	639,825	$	473,148	$	50	$	3,087,055
Special Mention	2,298		1,307		7,267		4,841		147		—		1,196		670		17,726
Substandard	294		4,954		2,644		46		2,598		7,854		485		346		19,221
Doubtful	—		5,249		—		—		—		23		3,254		—		8,526
Loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial	780,736		490,827		425,901		204,752		103,461		647,702		478,083		1,066		3,132,528

Commercial real estate
Pass	1,510,675		825,620		586,567		581,840		461,296		1,006,160		52,590		4,187		5,028,935
Special Mention	—		—		771		4,204		15,366		12,255		—		—		32,596
Substandard	—		—		2,621		19,796		24,532		34,883		8,000		—		89,832
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	1,510,675		825,620		589,959		605,840		501,194		1,053,298		60,590		4,187		5,151,363

Commercial construction
Pass	91,397		178,648		28,956		20,767		—		—		12,130		—		331,898
Special Mention	—		—		2,361		—		—		—		—		—		2,361
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial construction	91,397		178,648		31,317		20,767		—		—		12,130		—		334,259


Business banking
Pass	178,806		202,230		170,088		128,282		59,452		233,484		78,080		4,770		1,055,192
Special Mention	—		991		4,635		4,605		3,740		7,584		145		—		21,700
Substandard	—		3,482		1,424		2,663		570		7,505		2,230		221		18,095
Doubtful	—		—		—		181		—		70		—		—		251
Loss	—		—		—		—		—		—		—		—		—
Total business banking	178,806		206,703		176,147		135,731		63,762		248,643		80,455		4,991		1,095,238

Residential real estate
Current and accruing	761,442		696,959		382,262		99,494		66,702		434,720		—		—		2,441,579
30-89 days past due and accruing	4,652		5,470		1,245		2,762		2,951		11,646		—		—		28,726
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		—		144		1,491		1,015		7,100		—		—		9,750
Total residential real estate	766,094		702,429		383,651		103,747		70,668		453,466		—		—		2,480,055

Consumer home equity
Current and accruing	97,395		10,774		5,840		5,015		21,092		73,927		953,829		7,320		1,175,192
30-89 days past due and accruing	559		—		—		—		72		944		7,239		247		9,061
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		—		—		61		274		1,303		5,120		296		7,054
Total consumer home equity	97,954		10,774		5,840		5,076		21,438		76,174		966,188		7,863		1,191,307

Other consumer
Current and accruing	55,414		32,390		17,641		18,298		18,832		16,603		17,476		—		176,654
30-89 days past due and accruing	143		68		43		61		240		178		58		7		798
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	31		93		39		2		92		44		15		10		326
Total other consumer	55,588		32,551		17,723		18,361		19,164		16,825		17,549		17		177,778

Total	$	3,481,250	$	2,447,552	$	1,630,538	$	1,094,274	$	779,687	$	2,496,108	$	1,614,995	$	18,124	$	13,562,528

(1)The amounts presented represent the amortized cost as of December 31, 2022 of revolving loans that were converted to term loans during the year ended December 31, 2022.

Financing Receivable, Past Due

The following tables show the age analysis of past due loans as of the dates indicated:


	As of December 31, 2023
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Commercial and industrial	$	3,316	$	—	$	465	$	3,781	$	3,015,850	$	3,019,631
Commercial real estate	—		—		—		—		5,453,847		5,453,847
Commercial construction	—		—		—		—		384,637		384,637
Business banking	3,455		1,647		1,202		6,304		1,083,289		1,089,593
Residential real estate	17,116		4,888		6,764		28,768		2,553,697		2,582,465
Consumer home equity	6,517		2,600		8,204		17,321		1,193,847		1,211,168
Other consumer	532		235		189		956		206,063		207,019
Total	$	30,936	$	9,370	$	16,824	$	57,130	$	13,891,230	$	13,948,360


	As of December 31, 2022
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Commercial and industrial	$	1,300	$	385	$	2,074	$	3,759	$	3,128,769	$	3,132,528
Commercial real estate	—		—		—		—		5,151,363		5,151,363
Commercial construction	—		—		—		—		334,259		334,259
Business banking	6,642		845		3,517		11,004		1,084,234		1,095,238
Residential real estate	25,877		3,852		6,456		36,185		2,443,870		2,480,055
Consumer home equity	8,262		1,108		6,525		15,895		1,175,412		1,191,307
Other consumer	634		170		320		1,124		176,654		177,778
Total	$	42,715	$	6,360	$	18,892	$	67,967	$	13,494,561	$	13,562,528

Financing Receivable, Nonaccrual

The following table presents information regarding non-accrual loans as of the dates indicated:


	As of December 31, 2023						As of December 31, 2022
	Non-Accrual Loans With ACL		Non-Accrual Loans Without ACL (1)		Total Non-Accrual Loans		Non-Accrual Loans With ACL		Non-Accrual Loans Without ACL (1)		Total Nonaccrual Loans
	(In thousands)
Commercial and industrial	$	4	$	464	$	468	$	3,270	$	10,707	$	13,977
Commercial real estate	13,969		16,087		30,056		—		—		—
Commercial construction	—		—		—		—		—		—
Business banking	4,572		11		4,583		5,844		1,653		7,497
Residential real estate	8,725		—		8,725		9,750		—		9,750
Consumer home equity	8,532		—		8,532		7,054		—		7,054
Other consumer	193		—		193		326		—		326
Total non-accrual loans	$	35,995	$	16,562	$	52,557	$	26,244	$	12,360	$	38,604

(1)The loans on non-accrual status and without an ACL as of both December 31, 2023 and December 31, 2022, were primarily comprised of collateral dependent loans for which the fair value of the underlying loan collateral exceeded the loan carrying value.

Summary of Loan Modifications to Borrowers Experiencing Financial Difficulty

The following table shows the amortized cost balance as of December 31, 2023 of loans modified during the year ended December 31, 2023 to borrowers experiencing financial difficulty by the type of concession granted:


	As of December 31, 2023
	Amortized Cost Balance		% of Total Portfolio
	(Dollars in thousands)
Interest Rate Reduction:
Business banking	$	43	0.00	%
Residential real estate	301		0.01	%
Consumer home equity	1,883		0.16	%
Total interest rate reduction	$	2,227	0.02	%
Other-than-Insignificant Delay in Repayment:
Business banking	$	20	0.00	%
Residential real estate	3,284		0.13	%
Consumer home equity	1,004		0.08	%
Total other-than-insignificant delay in repayment	$	4,308	0.03	%
Term Extension:
Business banking	$	274	0.03	%
Total term extension	$	274	0.00	%
Combination—Interest Rate Reduction & Other-than-Insignificant Delay in Repayment:
Commercial real estate	$	10,615	0.19	%
Business banking	86		0.01	%
Consumer home equity	603		0.05	%
Total combination—interest rate reduction & other-than-insignificant delay in repayment	$	11,304	0.08	%
Combination—Interest Rate Reduction & Term Extension:
Business banking	$	561	0.05	%
Consumer home equity	213		0.02	%
Total combination—interest rate reduction & term extension	$	774	0.01	%
Combination—Term Extension & Other-than-Insignificant Delay in Repayment:
Business banking	$	24	0.00	%
Residential real estate	140		0.01	%
Total combination—term extension & other-than-insignificant delay in repayment	$	164	0.00	%
Combination—Interest Rate Reduction, Term Extension & Other-than-Insignificant Delay in Repayment
Business banking	$	180	0.02	%
Residential real estate	81		0.00	%
Consumer home equity	51		0.00	%
Total combination—interest rate reduction, term extension & other-than-insignificant delay in repayment	$	312	0.00	%
Total by portfolio segment
Commercial real estate	$	10,615	0.19	%
Business banking	1,188		0.11	%
Residential real estate	3,806		0.15	%
Consumer home equity	3,754		0.31	%
Total	$	19,363	0.14	%

The following table describes the financial effect of the modifications made during the year ended December 31, 2023 to borrowers experiencing financial difficulty:

Loan Type

Financial Effect (1)

Interest Rate Reduction

Commercial real estate

Reduced weighted-average contractual interest rate from 7.4% to 3.4%.

Business banking

Reduced weighted-average contractual interest rate from 9.8% to 7.6%.

Residential real estate

Reduced weighted-average contractual interest rate from 5.4% to 3.6%.

Consumer home equity

Reduced weighted-average contractual interest rate from 7.5% to 4.5%.

Other-than-Insignificant Delay in Repayment

Commercial real estate

Interest-only period of 9 months for one borrower. Principal deferred to the end of the loan life.

Business banking

Deferred a weighted average of 4 payments. For principal and interest deferrals, the loans were re-amortized over an extended payment period resulting in reduced monthly payment amounts for the borrowers. For interest-only deferrals, interest accrued at the time of the modification was added to the end of the loan life.

Residential real estate

Deferred a weighted average of 7 principal and interest payments which were added to the end of the loan life.

Consumer home equity

Deferred a weighted average of 8 principal and interest payments which were added to the end of the loan life.

Term Extension

Business banking

Added a weighted-average 4.3 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Residential real estate

Added a weighted-average 23.7 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Consumer home equity

Added a weighted-average 16.8 years to the life of loans, which reduced monthly payment amounts for the borrowers.

(1)Loans that were modified in more than one manner are included in each modification type corresponding to the type of modifications performed.

The following table shows the TDR loans on accrual and non-accrual status as of December 31, 2022 :


	TDRs on Accrual Status			TDRs on Non-accrual Status			Total TDRs
	Number of Loans	Balance of Loans		Number of Loans	Balance of Loans		Number of Loans	Balance of Loans
	(Dollars in thousands)
Commercial and industrial	2	$	4,449	9	$	11,317	11	$	15,766
Business banking	11	4,124		22	2,101		33	6,225
Residential real estate	114	17,618		28	4,016		142	21,634
Consumer home equity	51	2,632		19	1,917		70	4,549
Other consumer	1	11		—	—		1	11
Total	179	$	28,834	78	$	19,351	257	$	48,185

The following tables show the modifications which occurred during the periods indicated and the change in the recorded investment subsequent to the modifications occurring:


	For the Years Ended December 31,
	2022					2021
	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment (1)		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment (1)

Commercial and industrial	4	$	5,415	$	5,415	—	$	—	$	—
Business banking	30	2,779		2,798		—	—		—
Residential real estate	10	2,842		2,842		2	498		498
Consumer home equity	7	1,535		1,535		3	300		300
Total	51	$	12,571	$	12,590	5	$	798	$	798

(1)The post-modification balances represent the balance of the loan on the date of modification. These amounts may show an increase when modification includes capitalization of interest.

The following table shows the Company’s post-modification balance of TDRs listed by type of modification during the periods indicated:


	For the Years Ended December 31,
	2022		2021
	(In thousands)
Extended maturity	$	1,011	$	200
Adjusted interest rate and extended maturity	1,088		—
Interest only/principal deferred	1,499		—
Covenant modification	2,418		—
Court-ordered concession	—		396
Principal and interest deferred	3,353		—
Extended maturity and interest only/principal deferred	2,997		—
Other	224		202
Total	$	12,590	$	798

Financing Receivable, Modified, Past Due

The following table shows the age analysis of past due loans to borrowers experiencing financial difficulty as of December 31, 2023 that were modified during the 12-month period ended December 31, 2023:


	As of December 31, 2023
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
	(In thousands)
Commercial real estate	$	—	$	—	$	—	$	—	$	10,615	$	10,615
Business banking	—		—		—		—		1,188		1,188
Residential real estate	366		227		—		593		3,213		3,806
Consumer home equity	51		—		400		451		3,303		3,754
Total	$	417	$	227	$	400	$	1,044	$	18,319	$	19,363

Schedule of Participating Mortgage Loans

The following table summarizes the Company’s loan participations:


	As of and for the Year Ended December 31,
	2023						2022
	Balance		Non-performing Loan Rate (%)		Gross Charge-offs		Balance		Non-performing Loan Rate (%)		Gross Charge-offs
	(Dollars in thousands)
Commercial and industrial	$	985,394	0.00	%	$	—	$	1,024,131	0.83	%	$	—
Commercial real estate	447,550		0.00	%	—		422,042		0.00	%	—
Commercial construction	146,043		0.00	%	—		96,134		0.00	%	—
Business banking	72		0.00	%	22		51		0.00	%	3
Total loan participations	$	1,579,059	0.00	%	$	22	$	1,542,358	0.55	%	$	3

Schedule of Impaired Financing Receivables

The following table displays information regarding interest income recognized on impaired loans, by portfolio, for the year ended December 31, 2021:


	For the Year Ended December 31, 2021
	Average Recorded Investment		Total Interest Recognized
	(In thousands)
With no allowance recorded:
Commercial and industrial	$	11,813	$	161
Commercial real estate	3,916		178
Business banking	4,352		99
Residential real estate	12,506		456
Consumer home equity	2,027		62
Other consumer	23		—
Sub-total	34,637		956
With an allowance recorded:
Commercial and industrial	7,229		—
Commercial real estate	926		—
Business banking	13,027		57
Residential real estate	12,322		474
Consumer home equity	2,106		65
Other consumer	63		—
Sub-total	35,673		596
Total	$	70,310	$	1,552

Summary of Activity in the Accretable Yield for the PCI Loan Portfolio

The following table summarizes activity in the accretable yield for the PCI loan portfolio:


	For the Year Ended December 31, 2021
	(In thousands)
Balance at beginning of period	$	2,495
Acquisition	8,896
Accretion	(1,194)
Other change in expected cash flows	(1,475)
Reclassification from non-accretable difference for loans with improved cash flows	1,649
Balance at end of period	$	10,371