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Allowance for Loan Losses and Reserve for Unfunded Loan Commitments (Tables)
 12 Months Ended
Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]  
Activity in the Allowance for Loan Losses by Portfolio Segment
The following tables detail the activity in the allowance for loan losses by portfolio segment for the past three years:
 
 
For the year ended December 31, 2019
(In thousands)
 
SBA held for investment
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Balance, beginning of period
 
$
1,655

 
$
8,705

 
$
3,900

 
$
1,228

 
$
—

 
$
15,488

Charge-offs
 
(535
)
 
(501
)
 
(205
)
 
(1
)
 


 
(1,242
)
Recoveries
 
23

 
16

 
—

 
10

 


 
49

Net (charge-offs) recoveries
 
(512
)
 
(485
)
 
(205
)
 
9

 
—

 
(1,193
)
Provision (credit) for loan losses charged to expense
 
(64
)
 
1,502

 
559

 
103

 
—

 
2,100

Balance, end of period
 
$
1,079

 
$
9,722

 
$
4,254

 
$
1,340

 
$
—

 
$
16,395

 
 
 
 
For the year ended December 31, 2018
(In thousands)
 
SBA held for investment
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Balance, beginning of period
 
$
1,471

 
$
7,825

 
$
3,130

 
$
1,130

 
$
—

 
$
13,556

Charge-offs
 
(354
)
 
(10
)
 
—

 
(22
)
 
—

 
(386
)
Recoveries
 
72

 
30

 
13

 
153

 
—

 
268

Net (charge-offs) recoveries
 
(282
)
 
20

 
13

 
131

 
—

 
(118
)
Provision (credit) for loan losses charged to expense
 
466

 
860

 
757

 
(33
)
 
—

 
2,050

Balance, end of period
 
$
1,655

 
$
8,705

 
$
3,900

 
$
1,228

 
$
—

 
$
15,488


 
 
 
For the year ended December 31, 2017
(In thousands)
 
SBA held for investment
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Balance, beginning of period
 
$
1,576

 
$
7,302

 
$
2,593

 
$
925

 
$
183

 
$
12,579

Charge-offs
 
(293
)
 
(227
)
 
(55
)
 
(336
)
 
—

 
(911
)
Recoveries
 
121

 
102

 
12

 
3

 
—

 
238

Net charge-offs
 
(172
)
 
(125
)
 
(43
)
 
(333
)
 
—

 
(673
)
Provision (credit) for loan losses charged to expense
 
67

 
648

 
580

 
538

 
(183
)
 
1,650

Balance, end of period
 
$
1,471

 
$
7,825

 
$
3,130

 
$
1,130

 
$
—

 
$
13,556
Allowance for Credit Losses on Financing Receivables
The following tables present loans and their related allowance for loan losses, by portfolio segment, as of December 31st for the past two years:
 
 
December 31, 2019
(In thousands)
 
SBA held for investment
 
Commercial
 
Residential
 
Consumer
 
Total
Allowance for loan losses ending balance:
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
41

 
$
373

 
$
—

 
$
—

 
$
414

Collectively evaluated for impairment
 
1,038

 
9,349

 
4,254

 
1,340

 
15,981

Total
 
$
1,079

 
$
9,722

 
$
4,254

 
$
1,340

 
$
16,395

Loan ending balances:
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
1,105

 
$
1,234

 
$
—

 
$
—

 
$
2,339

Collectively evaluated for impairment
 
34,662

 
763,798

 
467,706

 
143,524

 
1,409,690

Total
 
$
35,767

 
$
765,032

 
$
467,706

 
$
143,524

 
$
1,412,029


 
 
December 31, 2018
(In thousands)
 
SBA held for investment
 
Commercial
 
Residential
 
Consumer
 
Total
Allowance for loan losses ending balance:
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
540

 
$
127

 
$
—

 
$
—

 
$
667

Collectively evaluated for impairment
 
1,115

 
8,578

 
3,900

 
1,228

 
14,821

Total
 
$
1,655

 
$
8,705

 
$
3,900

 
$
1,228

 
$
15,488

Loan ending balances:
 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
1,471

 
$
1,821

 
$
—

 
$
—

 
$
3,292

Collectively evaluated for impairment
 
37,862

 
692,281

 
436,056

 
123,904

 
1,290,103

Total
 
$
39,333

 
$
694,102

 
$
436,056

 
$
123,904

 
$
1,293,395