XML 39 R30.htm IDEA: XBRL DOCUMENT v3.22.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Allowance for Loan and Lease Losses by Portfolio Segment
The allowance for credit losses on loans is summarized in the following table:
For the Three Months Ended March 31,
(in thousands)20222021
Balance at beginning of the period$58,047 $71,124 
Initial allowance for credit losses on PCD loans12,077 — 
Charge-offs on PCD loans(7,634)— 
Charge-offs(170)(1,270)
Recoveries162 206 
  Net charge-offs(7,642)(1,064)
Provision (benefit) for credit loss - loans4,630 (2,808)
Balance at end of the period$67,112 $67,252 
The following tables detail activity in the allowance for credit losses on loans by portfolio segment for the three months ended March 31, 2022 and 2021:
(in thousands)
Balance at 12/31/2021
Initial allowance for credit losses on PCD loansCharge-offsRecoveriesProvision (Benefit) for Credit Loss
Balance at 3/31/2022
Non-owner occupied commercial$20,071 $1,312 $(4)$— $2,270 $23,649 
Owner occupied commercial3,964 1,137 (34)10 1,048 6,125 
Multifamily8,309 4 — — (13)8,300 
Non-owner occupied residential2,380 175 — 14 339 2,908 
Commercial, industrial and other9,891 2,413 (823)45 148 11,674 
Construction838 6,843 (6,807)3 850 1,727 
Equipment finance3,663 — (97)15 (1,122)2,459 
Residential mortgage3,914 179 — 48 1,545 5,686 
Consumer5,017 14 (39)27 (435)4,584 
Total$58,047 $12,077 $(7,804)$162 $4,630 $67,112 
(in thousands)
Balance at 12/31/2020
Charge-offsRecoveries(Benefit) Provision for Credit Loss
Balance at 3/31/2021
Non owner occupied commercial$25,910 $(593)$1 $(1,438)$23,880 
Owner occupied commercial3,955 (78)8 118 4,003 
Multifamily7,253 — — 255 7,508 
Non owner occupied residential3,321 (208)2 (232)2,883 
Commercial, industrial and other13,665 (265)44 (1,305)12,139 
Construction786 — 25 318 1,129 
Equipment finance6,552 (94)11 (205)6,264 
Residential mortgage3,623 — 58 100 3,781 
Consumer6,059 (32)57 (419)5,665 
Total$71,124 $(1,270)$206 $(2,808)$67,252 
The following tables present the recorded investment in loans by portfolio segment and the related allowance for credit losses at March 31, 2022 and December 31, 2021:
March 31, 2022Loans Allowance for Credit Losses
(in thousands) Individually evaluated for impairment Collectively evaluated for impairmentAcquired with deteriorated credit qualityTotalIndividually evaluated for impairmentCollectively evaluated for impairment Total
Non-owner occupied commercial$3,059 $2,581,075 $55,650 $2,639,784 1,130 $22,519 $23,649 
Owner occupied commercial6,640 1,084,443 31,671 1,122,754 1,124 5,001 6,125 
Multifamily— 1,100,716 3,490 1,104,206 4 8,296 8,300 
Non-owner occupied residential2,145 217,102 6,548 225,795 163 2,745 2,908 
Commercial, industrial and other5,815 640,447 11,134 657,396 5,383 6,291 11,674 
Construction— 400,572 3,614 404,186 35 1,692 1,727 
Equipment finance— 123,943 — 123,943 — 2,459 2,459 
Residential mortgage— 562,199 1,843 564,042 170 5,516 5,686 
Consumer— 295,325 362 295,687 17 4,567 4,584 
Total loans$17,659 $7,005,822 $114,312 $7,137,793 $8,026 $59,086 $67,112 
December 31, 2021Loans Allowance for Credit Losses
(in thousands)Individually evaluated for impairmentCollectively evaluated for impairmentAcquired with deteriorated credit qualityTotalIndividually evaluated for impairmentCollectively evaluated for impairmentTotal
Non-owner occupied commercial$3,063 $2,313,047 $174 2,316,284 $— $20,071 $20,071 
Owner occupied commercial6,678 901,638 133 908,449 69 3,895 3,964 
Multifamily— 972,233 — 972,233 — 8,309 8,309 
Non-owner occupied residential2,567 174,463 67 177,097 — 2,380 2,380 
Commercial, industrial and other6,537 455,306 563 462,406 4,182 5,709 9,891 
Construction— 302,228 — 302,228 — 838 838 
Equipment finance— 123,212 — 123,212 — 3,663 3,663 
Residential mortgage1,416 437,294 — 438,710 — 3,914 3,914 
Consumer— 275,529 — 275,529 — 5,017 5,017 
Total loans$20,261 $5,954,950 $937 $5,976,148 $4,251 $53,796 $58,047