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

9 Months Ended

Sep. 30, 2022

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 and nine months ended September 30, 2022 and 2021:

	For the three months ended September 30, 2022
									Residential
(In thousands)	SBA		Commercial		Residential		Consumer		construction			Total
Balance, beginning of period	$	758	$	14,908	$	4,786	$	803	$	1,603		$	22,858
Charge-offs		—		(501)		—		(50)		—	a		(551)
Recoveries		5		23		—		9		—			37
Net recoveries (charge-offs)		5		(478)		—		(41)		—			(514)
Provision for (credit to) loan losses charged to expense		68		803		449		349		(152)			1,517
Balance, end of period	$	831	$	15,233	$	5,235	$	1,111	$	1,451		$	23,861

	For the three months ended September 30, 2021
										Residential
(In thousands)	SBA		Commercial		Residential		Consumer		construction			Total
Balance, beginning of period	$	1,686	$	15,011	$	4,604	$	601	$	899		$	22,801
Charge-offs		(145)		(158)		—		(3)		—	a		(306)
Recoveries		—		—		42		—		—			42
Net charge-offs		(145)		(158)		42		(3)		—			(264)
Provision for (credit to) loan losses charged to expense		(763)		983		(540)		151		169			—
Balance, end of period	$	778	$	15,836	$	4,106	$	749	$	1,068		$	22,537

	For the nine months ended September 30, 2022
									Residential
(In thousands)	SBA		Commercial		Residential		Consumer		construction			Total
Balance, beginning of period	$	1,074	$	15,053	$	4,114	$	671	$	1,390		$	22,302
Charge-offs		—		(1,001)		—		(96)		—	a		(1,097)
Recoveries		33		83		1		13		—			130
Net recoveries (charge-offs)		33		(918)		1		(83)		—			(967)
Provision for (credit to) loan losses charged to expense		(276)		1,098		1,120		523		61			2,526
Balance, end of period	$	831	$	15,233	$	5,235	$	1,111	$	1,451		$	23,861

	For the nine months ended September 30, 2021
										Residential
(In thousands)	SBA		Commercial		Residential		Consumer		construction			Total
Balance, beginning of period	$	1,301	$	14,992	$	5,318	$	681	$	813		$	23,105
Charge-offs		(591)		(551)		—		(4)		—	a		(1,146)
Recoveries		34		2		42		—		—			78
Net charge-offs		(557)		(549)		42		(4)		—			(1,068)
Provision for (credit to) loan losses charged to expense		34		1,393		(1,254)		72		255			500
Balance, end of period	$	778	$	15,836	$	4,106	$	749	$	1,068		$	22,537

Allowance for Credit Losses on Financing Receivables on Basis of Impairment Method

The following tables present loans and their related allowance for loan losses, by portfolio segment, as of September 30, 2022 and December 31, 2021:

	September 30, 2022
										Residential
(In thousands)	SBA		Commercial		Residential		Consumer		construction			Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	129	$	915	$	56	$	58	$	99	a	$	1,257
Collectively evaluated for impairment		702		14,318		5,179		1,053		1,352			22,604
Total	$	831	$	15,233	$	5,235	$	1,111	$	1,451		$	23,861
Loan ending balances:
Individually evaluated for impairment	$	844	$	3,247	$	2,084	$	407	$	2,786		$	9,368
Collectively evaluated for impairment		72,947		1,102,812		531,653		79,255		146,379			1,933,046
Total	$	73,791	$	1,106,059	$	533,737	$	79,662	$	149,165		$	1,942,414

	December 31, 2021
										Residential
(In thousands)	SBA		Commercial		Residential		Consumer		construction			Total
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	4	$	2,615	$	80	$	56	$	68	a	$	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