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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Allowance for credit losses on financing receivables
The following table presents a summary of the changes in the Allowance for loan losses for the periods indicated:
As of and for the three months ended March 31,
20212020
(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial$8,985 $10,048 
Paycheck Protection Program159 n/a
Commercial tax-exempt2,550 6,016 
Commercial real estate51,161 40,765 
Construction and land4,041 5,119 
Residential12,864 8,857 
Home equity293 778 
Consumer and other1,185 399 
Total Allowance for loan losses, beginning of period$81,238 $71,982 
Impact of adopting ASU 2016-13:
Commercial and industrialn/a(565)
Paycheck Protection Programn/an/a
Commercial tax-exemptn/a(4,409)
Commercial real estaten/a(14,455)
Construction and landn/a(2,158)
Residentialn/a685 
Home equityn/a(535)
Consumer and othern/a1,052 
Total impact of adopting ASU 2016-13n/a$(20,385)
Allowance for loan losses, beginning of period, net$81,238 $51,597 
Provision/(credit) for loan losses:
Commercial and industrial$2,017 $1,245 
Paycheck Protection Program20 n/a
Commercial tax-exempt35 320 
Commercial real estate(5,404)10,270 
Construction and land(788)2,748 
Residential(2,689)2,237 
Home equity(64)(72)
Consumer and other(131)214 
Total provision/(credit) for loan losses$(7,004)$16,962 
As of and for the three months ended March 31,
20212020
(In thousands)
Loans charged -off:
Commercial and industrial$(297)$(518)
Paycheck Protection Program— n/a
Commercial tax-exempt— — 
Commercial real estate— — 
Construction and land— — 
Residential— — 
Home equity— — 
Consumer and other— (10)
Total charge-offs$(297)$(528)
Recoveries on loans previously charged-off:
Commercial and industrial$39 $45 
Paycheck Protection Program— n/a
Commercial tax-exempt— — 
Commercial real estate— — 
Construction and land— — 
Residential3 — 
Home equity— 132 
Consumer and other31 3 
Total recoveries$73 $180 
Allowance for loan losses, end of period:
Commercial and industrial$10,744 $10,255 
Paycheck Protection Program179 n/a
Commercial tax-exempt2,585 1,927 
Commercial real estate45,757 36,580 
Construction and land3,253 5,709 
Residential10,178 11,779 
Home equity229 303 
Consumer and other1,085 1,658 
Total Allowance for loan losses, end of period$74,010 $68,211 
Allowance by method of impairment analysis The following tables present the Company’s Allowance for loan losses and loan portfolio as of March 31, 2021 and December 31, 2020 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality as of March 31, 2021 or December 31, 2020.
March 31, 2021
Individually Evaluated
for Impairment		Collectively Evaluated
for Impairment		Total
Recorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan losses
(In thousands)
Commercial and industrial$4,416 $541 $663,801 $10,203 $668,217 $10,744 
Paycheck Protection Program— — 351,170 179 351,170 179 
Commercial tax-exempt— — 488,507 2,585 488,507 2,585 
Commercial real estate5,261 125 2,692,416 45,632 2,697,677 45,757 
Construction and land— — 181,482 3,253 181,482 3,253 
Residential15,051 51 2,617,503 10,127 2,632,554 10,178 
Home equity611 17 71,141 212 71,752 229 
Consumer and other— — 124,966 1,085 124,966 1,085 
Total$25,339 $734 $7,190,986 $73,276 $7,216,325 $74,010 
December 31, 2020
Individually Evaluated
for Impairment		Collectively Evaluated
for Impairment		Total
Recorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan lossesRecorded 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