Allowance for Loan and Lease Losses (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Additional Information about Nonaccrual Loans

The following table presents additional information about the Company’s nonaccrual loans at September 30, 2020:

(in thousands)	Recorded Investment		Related Allowance		Interest Income Recognized
Nonaccrual loans with no related allowance:
Multi-family	$	—	$	—	$	—
Commercial real estate		12,006		-		-
One-to-four family		563		-		16
Acquisition, development, and construction		-		-		-
Other		26,613		-		676
Total nonaccrual loans with no related allowance	$	39,182	$	—	$	692
Nonaccrual loans with an allowance recorded:
Multi-family	$	4,068	$	444	$	28
Commercial real estate		667		53		27
One-to-four family		1,143		199		10
Acquisition, development, and construction		-		-		-
Other		291		20		10
Total nonaccrual loans with an allowance recorded	$	6,169	$	716	$	75
Total nonaccrual loans:
Multi-family	$	4,068	$	444	$	28
Commercial real estate		12,673		53		27
One-to-four family		1,706		199		26
Acquisition, development, and construction		-		-		-
Other		26,904		20		686
Total nonaccrual loans	$	45,351	$	716	$	767

Summary of Additional Information about Impaired Loans

The following table presents additional information about the Company’s impaired loans at December 31, 2019:

(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Multi-family	$	3,577	$	6,790	$	—	$	4,336	$	266
Commercial real estate		14,717		19,832		—		6,140		371
One-to-four family		584		602		—		811		21
Acquisition, development, and construction		389		1,289		—		3,508		364
Other		37,669		114,636		—		39,598		2,494
Total impaired loans with no related allowance	$	56,936	$	143,149	$	—	$	54,393	$	3,516
Impaired loans with an allowance recorded:
Multi-family	$	—	$	—	$	—	$	—	$	—
Commercial real estate		—		—		—		—		—
One-to-four family		—		—		—		—		—
Acquisition, development, and construction		—		—		—		—		—
Other		1,445		4,173		116		4,111		13
Total impaired loans with an allowance recorded	$	1,445	$	4,173	$	116	$	4,111	$	13
Total impaired loans:
Multi-family	$	3,577	$	6,790	$	—	$	4,336	$	266
Commercial real estate		14,717		19,832		—		6,140		371
One-to-four family		584		602		—		811		21
Acquisition, development, and construction		389		1,289		—		3,508		364
Other		39,114		118,809		116		43,709		2,507
Total impaired loans	$	58,381	$	147,322	$	116	$	58,504	$	3,529

Non-Covered Loans

Summary of Activity in Allowance for Loan and Lease Losses

The following table summarizes activity in the allowance for loan and lease losses for the periods indicated:

	Nine Months Ended September 30,
	2020									2019
(in thousands)	Mortgage			Other			Total			Mortgage			Other			Total
Balance, beginning of period	$	122,695		$	24,943		$	147,638		$	130,983		$	28,837		$	159,820
Impact of CECL adoption		99			1,812			1,911			—			—			—
Adjusted balance, beginning of period		122,794			26,755			149,549			130,983			28,837			159,820
Charge-offs		(2	)		(15,398	)		(15,400	)		(1,386	)		(15,010	)		(16,396	)
Recoveries		817			1,504			2,321			43			563			606
Provision for (recovery of) credit losses on loans		47,143			4,694			51,837			(6,673	)		12,076			5,403
Balance, end of period	$	170,752		$	17,555		$	188,307		$	122,967		$	26,466		$	149,433