Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Allowance for Credit Losses on Financing Receivables

Activity in the allowance for credit losses is summarized as follows: 

	December 31, 2020
(In thousands)	Beginning Balance		Impact of Adoption of ASC 326		Initial Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses1		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	1,842	$	1,479	$	87	$	1,399	$	—	$	114	$	(1)	$	4,920
Commercial real estate - owner occupied	5,361		80		1,161		3,632		(310)		18		(74)		9,868
Commercial real estate - non-owner occupied	7,863		9,341		2,236		18,966		(177)		37		—		38,266
Residential real estate	7,667		5,787		124		3,840		(240)		350		(28)		17,500
Commercial and financial	9,716		3,677		2,643		8,329		(7,091)		1,416		—		18,690
Consumer	2,705		862		28		1,613		(2,024)		316		(11)		3,489
Paycheck Protection Program	—		—		—		—		—		—		—		—
Total	$	35,154	$	21,226	$	6,279	$	37,779	$	(9,842)	$	2,251	$	(114)	$	92,733
1In addition, the Company recorded a $0.4 million provision to establish a valuation allowance on accrued interest receivable.

(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

Loan Portfolio and Related Allowance

The Company’s loan portfolio and related allowance at December 31, 2020 and 2019 is shown in the following tables. 

	December 31, 2020
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	276	$	13	$	244,832	$	4,907	$	245,108	$	4,920
Commercial real estate - owner occupied	10,243		402		1,131,067		9,466		1,141,310		9,868
Commercial real estate - non-owner occupied	8,083		1,640		1,387,771		36,626		1,395,854		38,266
Residential real estate	16,506		2,064		1,326,122		15,436		1,342,628		17,500
Commercial and financial	13,281		3,498		841,472		15,192		854,753		18,690
Consumer	807		91		187,928		3,398		188,735		3,489
Paycheck Protection Program	—		—		566,961		—		566,961		—
Total	$	49,196	$	7,708	$	5,686,153	$	85,025	$	5,735,349	$	92,733

	December 31, 2019
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and 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
Total	$	48,762	$	2,858	$	5,149,642	$	32,296	$	5,198,404	$	35,154