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Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Allowance for Loan Losses
Activity in the allowance for credit losses is summarized as follows:
 
Three Months Ended March 31, 2020
(In thousands)
Beginning
Balance
 
Impact of Adoption of ASC 326
 
Initial Allowance on PCD Loans Acquired During the Period
 
Provision
for Credit
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
1,842

 
$
1,479

 
$
48

 
$
1,248

 
$
—

 
$
29

 
$
—

 
$
4,646

Commercial real estate - owner occupied
5,361

 
80

 
207

 
(264
)
 
(44
)
 
—

 
(13
)
 
5,327

Commercial real estate - non owner occupied
7,863

 
9,341

 
140

 
18,283

 
(12
)
 
28

 
—

 
35,643

Residential real estate
7,667

 
5,787

 
97

 
6,260

 
(18
)
 
116

 
(10
)
 
19,899

Commercial and financial
9,716

 
3,677

 
11

 
2,746

 
(1,100
)
 
420

 
—

 
15,470

Consumer
2,705

 
862

 
13

 
1,240

 
(473
)
 
80

 
(1
)
 
4,426

Totals
$
35,154


$
21,226

 
$
516

 
$
29,513


$
(1,647
)

$
673


$
(24
)

$
85,411

 
Three Months Ended March 31, 2019
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,233

 
$
83

 
$
—

 
$
4

 
$
—

 
$
2,320

Commercial real estate
11,112

 
625

 
(16
)
 
47

 
(15
)
 
11,753

Residential real estate
7,775

 
(414
)
 
(36
)
 
139

 
(19
)
 
7,445

Commercial and financial
8,585

 
853

 
(944
)
 
79

 
—

 
8,573

Consumer
2,718

 
250

 
(483
)
 
247

 
(1
)
 
2,731

Totals
$
32,423


$
1,397


$
(1,479
)

$
516


$
(35
)

$
32,822
Schedule of Loan Portfolio, Excluding PCI Loans and Related Allowance
The allowance for credit losses is composed of specific allowances for individually evaluated and general allowances grouped into loan pools based on similar characteristics, which are collectively evaluated. The Company’s loan portfolio and related allowance at March 31, 2020 and December 31, 2019 is shown in the following tables:
 
 
March 31, 2020
 
Individually Evaluated
 
Collectively Evaluated
 
Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
729

 
$
13

 
$
294,676

 
$
4,633

 
$
295,405

 
$
4,646

Commercial real estate - owner occupied
4,590

 
252

 
1,078,303

 
5,075

 
1,082,893

 
5,327

Commercial real estate - non owner occupied
8,916

 
316

 
1,372,180

 
35,327

 
1,381,096

 
35,643

Residential real estate
14,661

 
1,163

 
1,545,093

 
18,736

 
1,559,754

 
19,899

Commercial and financial
8,618

 
2,701

 
787,420

 
12,769

 
796,038

 
15,470

Consumer
754

 
247

 
201,268

 
4,179

 
202,022

 
4,426

Totals
$
38,268


$
4,692


$
5,278,940


$
80,719


$
5,317,208


$
85,411


 
December 31, 2019
 
Individually Evaluated
 
Collectively Evaluated
 
 Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
5,217

 
$
14

 
$
319,896

 
$
1,828

 
$
325,113

 
$
1,842

Commercial real estate
20,484

 
220

 
2,358,487

 
13,004

 
2,378,971

 
13,224

Residential real estate
16,093

 
834

 
1,491,770

 
6,833

 
1,507,863

 
7,667

Commercial and financial
6,631

 
1,731

 
771,621

 
7,985

 
778,252

 
9,716

Consumer
337

 
59

 
207,868

 
2,646

 
208,205

 
2,705

Totals
$
48,762


$
2,858


$
5,149,642


$
32,296


$
5,198,404


$
35,154