Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2021

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


	Three Months Ended March 31, 2021
(In thousands)	Beginning Balance		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	4,920	$	(510)	$	—	$	18	$	—	$	4,428
Commercial real estate - owner-occupied	9,868		(76)		—		—		—		9,792
Commercial real estate - non owner-occupied	38,266		(2,038)		—		1		—		36,229
Residential real estate	17,500		(3,372)		—		229		(4)		14,353
Commercial and financial	18,690		775		(756)		207		—		18,916
Consumer	3,489		(494)		(185)		116		(1)		2,925
Paycheck Protection Program	—		—		—		—		—		—
Totals	$	92,733	$	(5,715)	$	(941)	$	571	$	(5)	$	86,643


	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 and 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

Schedule of Loan Portfolio, Excluding PCI Loans and Related Allowance

The allowance for credit losses is composed of specific allowances for loans individually evaluated and general allowances for loans grouped into loan pools based on similar characteristics, which are collectively evaluated. The Company’s loan portfolio and related allowance at March 31, 2021 and December 31, 2020 is shown in the following tables:


	March 31, 2021
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	261	$	11	$	226,856	$	4,417	$	227,117	$	4,428
Commercial real estate - owner occupied	9,209		422		1,123,876		9,370		1,133,085		9,792
Commercial real estate - non owner-occupied	7,871		1,746		1,430,494		34,483		1,438,365		36,229
Residential real estate	19,057		1,280		1,227,492		13,073		1,246,549		14,353
Commercial and financial	12,536		2,749		848,277		16,167		860,813		18,916
Consumer	667		104		173,243		2,821		173,910		2,925
Paycheck Protection Program	—		—		581,653		—		581,653		—
Totals	$	49,601	$	6,312	$	5,611,891	$	80,331	$	5,661,492	$	86,643


	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		—
Totals	$	49,196	$	7,708	$	5,686,153	$	85,025	$	5,735,349	$	92,733