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Allowance for Loan Losses
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Allowance for Loan Losses Allowance for Loan Losses
Activity in the allowance for loans losses for the three years ended December 31, 2019, 2018 and 2017 is summarized as follows: 
(In thousands)
 
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
December 31, 2019
 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
 
$
2,233

 
$
(421
)
 
$
—

 
$
31

 
$
(1
)
 
$
1,842

Commercial real estate
 
11,112

 
1,677

 
(248
)
 
744

 
(61
)
 
13,224

Residential real estate
 
7,775

 
(231
)
 
(152
)
 
338

 
(63
)
 
7,667

Commercial and financial
 
8,585

 
7,969

 
(7,550
)
 
712

 
—

 
9,716

Consumer
 
2,718

 
2,005

 
(2,609
)
 
595

 
(4
)
 
2,705

Total
 
$
32,423


$
10,999


$
(10,559
)

$
2,420


$
(129
)

$
35,154

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
1,642

 
$
564

 
$
—

 
$
27

 
$
—

 
$
2,233

Commercial real estate
 
9,285

 
4,736

 
(3,139
)
 
292

 
(62
)
 
11,112

Residential real estate
 
7,131

 
29

 
(80
)
 
816

 
(121
)
 
7,775

Commercial and financial
 
7,297

 
4,359

 
(3,396
)
 
325

 
—

 
8,585

Consumer
 
1,767

 
2,042

 
(1,411
)
 
329

 
(9
)
 
2,718

Total
 
$
27,122


$
11,730


$
(8,026
)

$
1,789


$
(192
)

$
32,423

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
1,219

 
$
(471
)
 
$
—

 
$
896

 
$
(2
)
 
$
1,642

Commercial real estate
 
9,273

 
(264
)
 
(407
)
 
747

 
(64
)
 
9,285

Residential real estate
 
7,483

 
125

 
(569
)
 
336

 
(244
)
 
7,131

Commercial and financial
 
3,636

 
5,304

 
(1,869
)
 
226

 
—

 
7,297

Consumer
 
1,789

 
954

 
(1,257
)
 
290

 
(9
)
 
1,767

Total
 
$
23,400


$
5,648


$
(4,102
)

$
2,495


$
(319
)

$
27,122


As discussed in Note A, "Significant Accounting Policies," the allowance for loan losses is comprised of specific allowances for certain impaired loans and general allowances grouped into loan pools based on similar characteristics. The Company's loan portfolio (excluding PCI loans) and related allowance at December 31, 2019 and 2018 is shown in the following tables. 
 
 
December 31, 2019
 
 
Individually Evaluated for
Impairment
 
Collectively Evaluated for
Impairment
 
Total
(In thousands)
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction and land development
 
$
5,057

 
$
14

 
$
319,896

 
$
1,828

 
$
324,953

 
$
1,842

Commercial real estate
 
10,267

 
220

 
2,358,487

 
13,004

 
2,368,754

 
13,224

Residential real estate
 
14,383

 
834

 
1,491,770

 
6,833

 
1,506,153

 
7,667

Commercial and financial
 
6,052

 
1,731

 
771,621

 
7,985

 
777,673

 
9,716

Consumer
 
337

 
59

 
207,868

 
2,646

 
208,205

 
2,705

Total
 
$
36,096

 
$
2,858

 
$
5,149,642

 
$
32,296

 
$
5,185,738

 
$
35,154

 
 
 
December 31, 2018
 
 
Individually Evaluated for
Impairment
 
Collectively Evaluated for
Impairment
 
Total
(In thousands)
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction and land development
 
$
211

 
$
22

 
$
443,206

 
$
2,211

 
$
443,417

 
$
2,233

Commercial real estate
 
13,638

 
369

 
2,107,600

 
10,743

 
2,121,238

 
11,112

Residential real estate
 
19,047

 
805

 
1,302,612

 
6,970

 
1,321,659

 
7,775

Commercial and financial
 
3,322

 
1,498

 
718,263

 
7,087

 
721,585

 
8,585

Consumer
 
482

 
34

 
202,399

 
2,684

 
202,881

 
2,718

Total
 
$
36,700

 
$
2,728

 
$
4,774,080

 
$
29,695

 
$
4,810,780

 
$
32,423


Loans collectively evaluated for impairment reported at December 31, 2019 included acquired loans that are not PCI loans. At December 31, 2019, the remaining fair value adjustments for loans acquired was $33.3 million, or 3.84% of the outstanding aggregate PUL balances. At December 31, 2018, the remaining fair value adjustments for loans acquired was $47.0 million, or 3.86% of the outstanding aggregate PUL balances. 
These amounts, which represent the remaining fair value discount of each PUL, are accreted into interest income over the remaining lives of the related loans on a level yield basis. Provisions for loan losses of $0.7 million and net charge-offs of $0.7 million were recorded for these loans during 2019. Recapture of $0.2 million and net recoveries of $0.1 million were recorded during 2018 and 2017, respectively.
The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at December 31, 2019 and 2018.
 
 
December 31, 2019
 
December 31, 2018
 
 
PCI Loans Individually
Evaluated for Impairment
 
PCI Loans Individually
Evaluated for Impairment
(In thousands)
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction and land development
 
$
160

 
$
—

 
$
151

 
$
—

Commercial real estate
 
10,217

 
—

 
10,828

 
—

Residential real estate
 
1,710

 
—

 
2,718

 
—

Commercial and financial
 
579

 
—

 
737

 
—

Consumer
 
—

 
—

 
—

 
—

Total
 
$
12,666

 
$
—

 
$
14,434

 
$
—