Allowance for Loan Losses and Reserve for Unfunded Loan Commitments (Tables)

3 Months Ended

Mar. 31, 2021

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments

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 three months ended March 31, 2021 and 2020:

	For the three months ended March 31, 2021
	SBA held
	for									Consumer
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,301	$	14,992	$	5,318	$	681	$	813	$	23,105
Charge-offs		(282)		(373)		—		(1)		—		(656)
Recoveries		15		1		—		—		—		16
Net charge-offs		(267)		(372)		—		(1)		—		(640)
Provision for (credit to) loan losses charged to expense		620		107		(309)		(131)		213		500
Balance, end of period	$	1,654	$	14,727	$	5,009	$	549	$	1,026	$	22,965

	For the three months ended March 31, 2020
	SBA held
	for									Consumer
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Balance, beginning of period	$	1,079	$	9,722	$	4,254	$	625	$	715	$	16,395
Charge-offs		(25)		(300)		(200)		—		—		(525)
Recoveries		5		1		—		—		—		6
Net charge-offs		(20)		(299)		(200)		—		—		(519)
Provision for (credit to) loan losses charged to expense		(54)		706		709		46		93		1,500
Balance, end of period	$	1,005	$	10,129	$	4,763	$	671	$	808	$	17,376

Allowance for Credit Losses on Financing Receivables

The following tables present loans and their related allowance for loan losses, by portfolio segment, as of March 31, 2021 and December 31, 2020:

	March 31, 2021
	SBA held
	for									Consumer
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	319	$	2,999	$	44	$	—	$	189	$	3,551
Collectively evaluated for impairment		1,335		11,728		4,965		549		837		19,414
Total	$	1,654	$	14,727	$	5,009	$	549	$	1,026	$	22,965
Loan ending balances:
Individually evaluated for impairment	$	1,421	$	5,018	$	6,711	$	427	$	2,565	$	16,142
Collectively evaluated for impairment		205,992		848,060		441,438		60,075		87,932		1,643,497
Total	$	207,413	$	853,078	$	448,149	$	60,502	$	90,497	$	1,659,639

	December 31, 2020
	SBA held
	for									Consumer
(In thousands)	investment		Commercial		Residential		Consumer		construction		Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	324	$	3,682	$	101	$	—	$	—	$	4,107
Collectively evaluated for impairment		977		11,310		5,217		681		813		18,998
Total	$	1,301	$	14,992	$	5,318	$	681	$	813	$	23,105
Loan ending balances:
Individually evaluated for impairment	$	2,102	$	5,702	$	5,217	$	1,295	$	1,750	$	16,066
Collectively evaluated for impairment		155,742		834,086		462,369		64,805		85,414		1,602,416
Total	$	157,844	$	839,788	$	467,586	$	66,100	$	87,164	$	1,618,482