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ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Allowance for Credit Losses on Financing Receivables
The following tables present a summary of the changes in the Allowance for loan losses for the periods indicated:
As of and for the year ended December 31,
202020192018
(In thousands)
Allowance for loan losses, beginning of year:
Commercial and industrial$10,048 $15,912 $11,735 
Paycheck Protection Program— n/an/a
Commercial tax-exempt6,016 n/an/a
Commercial real estate40,765 41,934 46,820 
Construction and land5,119 6,022 4,949 
Residential8,857 10,026 9,773 
Home equity778 1,284 835 
Consumer and other399 134 630 
Total Allowance for loan losses, beginning of year$71,982 $75,312 $74,742 
Impact of adopting ASU 2016-13:
Commercial and industrial$(565)n/an/a
Paycheck Protection Program— n/an/a
Commercial tax-exempt(4,409)n/an/a
Commercial real estate(14,455)n/an/a
Construction and land(2,158)n/an/a
Residential685 n/an/a
Home equity(535)n/an/a
Consumer and other1,052 n/an/a
Total impact of adopting ASU 2016-13$(20,385)n/an/a
Allowance for loan losses, beginning of period, net$51,597 $75,312 $74,742 
Loans charged-off:
Commercial and industrial$(1,590)$(645)$(709)
Paycheck Protection Program— n/an/a
Commercial tax-exempt— n/an/a
Commercial real estate— — (135)
Construction and land— — — 
Residential— — (16)
Home equity(1,157)(562)— 
Consumer and other(83)(22)(39)
Total charge-offs$(2,830)$(1,229)$(899)
Recoveries on loans previously charged-off:
Commercial and industrial$170 $891 $680 
Paycheck Protection Program— n/an/a
Commercial tax-exempt— n/an/a
As of and for the year ended December 31,
202020192018
(In thousands)
Commercial real estate160 429 2,389 
Construction and land— — — 
Residential— 100 429 
Home equity132 10 1 
Consumer and other11 33 168 
Total recoveries$473 $1,463 $3,667 
Provision/(credit) for loan losses:
Commercial and industrial$922 $(94)$4,206 
Paycheck Protection Program159 n/an/a
Commercial tax-exempt943 n/an/a
Commercial real estate24,691 (1,598)(7,140)
Construction and land1,080 (903)1,073 
Residential3,322 (1,269)(160)
Home equity1,075 46 448 
Consumer and other(194)254 (625)
Total provision/(credit) for loan losses$31,998 $(3,564)$(2,198)
Allowance for loan losses, end of year:
Commercial and industrial$8,985 $16,064 $15,912 
Paycheck Protection Program159 n/an/a
Commercial tax-exempt2,550 n/an/a
Commercial real estate51,161 40,765 41,934 
Construction and land4,041 5,119 6,022 
Residential12,864 8,857 10,026 
Home equity293 778 1,284 
Consumer and other1,185 399 134 
Total Allowance for loan losses, end of year$81,238 $71,982 $75,312 
Allowance By Method of Impairment Analysis
The following tables present the Company’s Allowance for loan losses and loan portfolio at December 31, 2020 and 2019 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at December 31, 2020 or 2019.
December 31, 2020
Individually Evaluated
for Impairment		Collectively Evaluated
for Impairment		Total
Recorded
investment
(loan balance)		Allowance
for loan
losses		Recorded
investment
(loan balance)		Allowance
for loan
losses		Recorded
investment
(loan balance)		Allowance
for loan
losses
(In thousands)
Commercial and industrial$4,315 $279 $554,028 $8,706 $558,343 $8,985 
Paycheck Protection Program— — 312,356 159 312,356 159 
Commercial tax-exempt— — 442,159 2,550 442,159 2,550 
Commercial real estate5,262 50 2,752,113 51,111 2,757,375 51,161 
Construction and land— — 159,204 4,041 159,204 4,041 
Residential14,942 54 2,662,522 12,810 2,677,464 12,864 
Home equity623 17 76,741 276 77,364 293 
Consumer and other— — 120,044 1,185 120,044 1,185 
Total$25,142 $400 $7,079,167 $80,838 $7,104,309 $81,238 

December 31, 2019
Individually Evaluated
for Impairment		Collectively Evaluated
for Impairment		Total
Recorded
investment
(loan balance)		Allowance
for loan
losses		Recorded
investment
(loan balance)		Allowance
for loan
losses		Recorded
investment
(loan balance)		Allowance
for loan
losses
(In thousands)
Commercial and industrial$724 $146 $1,141,237 $15,918 $1,141,961 $16,064 
Commercial real estate733 — 2,550,541 40,765 2,551,274 40,765 
Construction and land— — 225,983 5,119 225,983 5,119 
Residential15,900 67 2,823,255 8,790 2,839,155 8,857 
Home equity1,830 22 81,827 756 83,657 778 
Consumer and other— — 134,674 399 134,674 399 
Total$19,187 $235 $6,957,517 $71,747 $6,976,704 $71,982