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Acquired Loans (Tables)
12 Months Ended
Dec. 31, 2021
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]  
Changes in Accretable Yield of Acquired Loans The following table presents changes in the accretable yield for the periods presented ($ in thousands):

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Accretable yield at beginning of period

 

$

 

 

$

(14,816

)

 

$

(17,722

)

FASB ASU 2016-13 adoption adjustment

 

 

 

 

 

14,816

 

 

 

 

Accretion to interest income

 

 

 

 

 

 

 

 

5,532

 

Disposals, net

 

 

 

 

 

 

 

 

2,072

 

Reclassification from nonaccretable difference (1)

 

 

 

 

 

 

 

 

(4,698

)

Accretable yield at end of period

 

$

 

 

$

 

 

$

(14,816

)

(1)
Reclassifications from nonaccretable difference are due to lower loss expectations and improvements in expected cash flows.
Components of the Allowance for Loan Losses on Acquired Loans

The following table presents the components of the allowance for loan losses on acquired impaired loans for the periods presented ($ in thousands):

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Balance at beginning of period

 

$

 

 

$

815

 

 

$

1,231

 

FASB ASU 2016-13 adoption adjustment

 

 

 

 

 

(815

)

 

 

 

Net (charge-offs) recoveries

 

 

 

 

 

 

 

 

(458

)

Provision for loan losses, acquired loans

 

 

 

 

 

 

 

 

42

 

Balance at end of period

 

$

 

 

$

 

 

$

815