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

12 Months Ended

Dec. 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 past three years:

	For the year ended December 31, 2021
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		Construction		Total
Balance, beginning of period	$	1,301	$	14,992	$	5,318	$	681	$	813	$	23,105
Charge-offs		(591)		(551)		—		(4)		—		(1,146)
Recoveries		86		34		42		—		—		162
Net (charge-offs) recoveries		(505)		(517)		42		(4)		—		(984)
Provision for (credit to) loan losses charged to expense		278		578		(1,246)		(6)		577		181
Balance, end of period	$	1,074	$	15,053	$	4,114	$	671	$	1,390	$	22,302

	For the year ended December 31, 2020
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		Construction		Total
Balance, beginning of period	$	1,079	$	9,722	$	4,254	$	625	$	715	$	16,395
Charge-offs		(26)		(669)		(200)		—		—		(895)
Recoveries		83		522		—		—		—		605
Net recoveries (charge-offs)		57		(147)		(200)		—		—		(290)
Provision for loan losses charged to expense		165		5,417		1,264		56		98		7,000
Balance, end of period	$	1,301	$	14,992	$	5,318	$	681	$	813	$	23,105

	For the year ended December 31, 2019
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer		Construction		Total
Balance, beginning of period	$	1,655	$	8,705	$	3,900	$	618	$	610	$	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 for (credit to) loan losses charged to expense		(64)		1,502		559		(2)		105		2,100
Balance, end of period	$	1,079	$	9,722	$	4,254	$	625	$	715	$	16,395

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 31^st for the past two years:

	December 31, 2021
	SBA held
	for									Residential
(In thousands)	investment		Commercial		Residential		Consumer			Construction	Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	4	$	2,615	$	80	$	56	$	68	$	2,823
Collectively evaluated for impairment		1,070		12,438		4,034		615		1,322		19,479
Total	$	1,074	$	15,053	$	4,114	$	671	$	1,390	$	22,302
Loan ending balances:
Individually evaluated for impairment	$	510	$	4,220	$	3,262	$	637	$	3,122	$	11,751
Collectively evaluated for impairment		82,015		927,506		406,093		77,307		117,403		1,610,324
Total	$	82,525	$	931,726	$	409,355	$	77,944	$	120,525	$	1,622,075

	December 31, 2020
	SBA held
	for									Residential
(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