Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

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


	Three Months Ended March 31, 2022
(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	$	2,751	$	—	$	(493)	$	—	$	10	$	—	$	2,268
Commercial real estate - owner-occupied	8,579		—		715		—		—		—		9,294
Commercial real estate - non owner-occupied	36,617		31		7,274		—		—		—		43,922
Residential real estate	12,811		17		1,060		(1)		191		(3)		14,075
Commercial and financial	19,744		3		(1,628)		(569)		177		—		17,727
Consumer	2,813		—		(372)		(95)		208		(2)		2,552
Paycheck Protection Program	—		—		—		—		—		—		—
Totals	$	83,315	$	51	$	6,556	$	(665)	$	586	$	(5)	$	89,838


	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

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, 2022 and December 31, 2021 is shown in the following tables:


	March 31, 2022
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	248	$	89	$	259,173	$	2,179	$	259,421	$	2,268
Commercial real estate - owner occupied	4,996		380		1,279,519		8,914		1,284,515		9,294
Commercial real estate - non owner-occupied	5,527		787		1,960,623		43,135		1,966,150		43,922
Residential real estate	13,154		312		1,586,491		13,763		1,599,645		14,075
Commercial and financial	13,172		2,511		1,119,334		15,216		1,132,506		17,727
Consumer	540		481		169,184		2,071		169,724		2,552
Paycheck Protection Program	—		—		39,256		—		39,256		—
Totals	$	37,637	$	4,560	$	6,413,580	$	85,278	$	6,451,217	$	89,838


	December 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	$	271	$	92	$	230,553	$	2,659	$	230,824	$	2,751
Commercial real estate - owner occupied	5,131		419		1,192,643		8,160		1,197,774		8,579
Commercial real estate - non owner-occupied	5,905		27		1,730,534		36,590		1,736,439		36,617
Residential real estate	16,345		646		1,409,009		12,165		1,425,354		12,811
Commercial and financial	11,470		2,885		1,057,886		16,859		1,069,356		19,744
Consumer	741		685		173,434		2,128		174,175		2,813
Paycheck Protection Program	—		—		91,107		—		91,107		—
Totals	$	39,863	$	4,754	$	5,885,166	$	78,561	$	5,925,029	$	83,315