Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2021

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


	Three Months Ended September 30, 2021
(In thousands)	Beginning Balance		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	$	4,053	$	—	$	(1,459)	$	—	$	10	$	(1)	$	2,603
Commercial real estate - owner-occupied	8,676		—		(24)		—		—		—		8,652
Commercial real estate - non owner-occupied	34,807		1,327		5,278		(1,327)		—		—		40,085
Residential real estate	12,543		—		1,456		(27)		158		(3)		14,127
Commercial and financial	18,016		1,719		(2)		(535)		326		—		19,524
Consumer	3,032		—		(158)		(163)		126		(5)		2,832
Paycheck Protection Program	—		—		—		—		—		—		—
Totals	$	81,127	$	3,046	$	5,091	$	(2,052)	$	620	$	(9)	$	87,823


	Three Months Ended September 30, 2020
(In thousands)	Beginning Balance		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	$	7,161	$	39	$	475	$	—	$	26	$	—	$	7,701
Commercial real estate - owner occupied	5,562		954		689		—		26		(12)		7,219
Commercial real estate - non-owner occupied	38,992		2,096		(7,050)		(25)		5		—		34,018
Residential real estate	20,453		27		(3,196)		(19)		65		(5)		17,325
Commercial and financial	15,514		2,632		8,081		(1,776)		203		—		24,654
Consumer	3,568		15		(244)		(355)		114		(2)		3,096

Paycheck Protection Program	—		—		—		—		—		—		—
Totals	$	91,250	$	5,763	$	(1,245)	$	(2,175)	$	439	$	(19)	$	94,013



	Nine Months Ended September 30, 2021
(In thousands)	Beginning Balance		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	$	4,920	$	—	$	(2,438)	$	—	$	124	$	(3)	$	2,603
Commercial real estate - owner-occupied	9,868		—		(1,216)		—		—		—		8,652
Commercial real estate - non owner-occupied	38,266		1,327		1,817		(1,327)		2		—		40,085
Residential real estate	17,500		—		(4,323)		(48)		1,008		(10)		14,127
Commercial and financial	18,690		1,719		1,172		(2,855)		798		—		19,524
Consumer	3,489		—		(491)		(547)		388		(7)		2,832
Paycheck Protection Program	—				—		—		—		—		—
Totals	$	92,733	$	3,046	$	(5,479)	$	(4,777)	$	2,320	$	(20)	$	87,823



	Nine Months Ended September 30, 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	$	87	$	4,202	$	—	$	92	$	(1)	$	7,701
Commercial real estate - owner occupied	5,361		80		1,161		655		(45)		44		(37)		7,219
Commercial real estate - non-owner occupied	7,863		9,341		2,236		14,578		(37)		37		—		34,018
Residential real estate	7,667		5,787		124		3,638		(150)		283		(24)		17,325
Commercial and financial	9,716		3,677		2,643		12,144		(4,642)		1,116		—		24,654
Consumer	2,705		862		28		662		(1,442)		284		(3)		3,096
Paycheck Protection Program	—		—		—		—		—		—		—		—
Totals	$	35,154	$	21,226	$	6,279	$	35,879	$	(6,316)	$	1,856	$	(65)	$	94,013

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 September 30, 2021 and December 31, 2020 is shown in the following tables:


	September 30, 2021
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	80	$	3	$	227,379	$	2,600	$	227,459	$	2,603
Commercial real estate - owner occupied	5,689		420		1,195,647		8,232		1,201,336		8,652
Commercial real estate - non owner-occupied	5,190		95		1,668,397		39,990		1,673,587		40,085
Residential real estate	18,654		513		1,448,675		13,614		1,467,329		14,127
Commercial and financial	15,478		3,350		967,074		16,174		982,552		19,524
Consumer	746		565		162,273		2,267		163,019		2,832
Paycheck Protection Program	—		—		190,602		—		190,602		—
Totals	$	45,837	$	4,946	$	5,860,047	$	82,877	$	5,905,884	$	87,823


	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