Allowance for Loan and Lease Losses (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Receivables [Abstract] |
|
| Allowance for Loan and Lease Losses |
The following tables present information related to the allowance for loan and lease losses for the periods presented:
|
|
|
Allowance Rollforward
|
|
|
|
|
Beginning
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending
|
|
|
For the Year Ended December 31, 2021
|
|
Balance
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Provision
|
|
|
Balance
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
9,086
|
|
|
$
|
(3,538
|
)
|
|
$
|
169
|
|
|
$
|
4,068
|
|
|
$
|
9,785
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
147
|
|
|
|
(13
|
)
|
|
|
1
|
|
|
|
(44
|
)
|
|
|
91
|
|
|
Construction, land and development
|
|
|
1,744
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(58
|
)
|
|
|
1,686
|
|
|
Commercial real estate (including multifamily)
|
|
|
4,843
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(131
|
)
|
|
|
4,712
|
|
|
Consumer loans and leases
|
|
|
145
|
|
|
|
(50
|
)
|
|
|
83
|
|
|
|
(106
|
)
|
|
|
72
|
|
|
Municipal and other loans
|
|
|
61
|
|
|
|
-
|
|
|
|
6
|
|
|
|
(18
|
)
|
|
|
49
|
|
|
Ending allowance balance
|
|
$
|
16,026
|
|
|
$
|
(3,601
|
)
|
|
$
|
259
|
|
|
$
|
3,711
|
|
|
$
|
16,395
|
|
|
|
|
Allowance Rollforward
|
|
|
|
|
Beginning
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending
|
|
|
For the Year Ended December 31, 2020
|
|
Balance
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Provision
|
|
|
Balance
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
4,078
|
|
|
$
|
(1,877
|
)
|
|
$
|
89
|
|
|
$
|
6,796
|
|
|
$
|
9,086
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
31
|
|
|
|
(21
|
)
|
|
|
—
|
|
|
$
|
137
|
|
|
|
147
|
|
|
Construction, land and development
|
|
|
1,055
|
|
|
|
—
|
|
|
|
—
|
|
|
$
|
689
|
|
|
|
1,744
|
|
|
Commercial real estate (including multifamily)
|
|
|
1,451
|
|
|
|
—
|
|
|
|
—
|
|
|
$
|
3,392
|
|
|
|
4,843
|
|
|
Consumer loans and leases
|
|
|
68
|
|
|
|
(222
|
)
|
|
|
57
|
|
|
$
|
242
|
|
|
|
145
|
|
|
Municipal and other loans
|
|
|
54
|
|
|
|
—
|
|
|
|
6
|
|
|
$
|
1
|
|
|
|
61
|
|
|
Ending allowance balance
|
|
$
|
6,737
|
|
|
$
|
(2,120
|
)
|
|
$
|
152
|
|
|
$
|
11,257
|
|
|
$
|
16,026
|
|
|
|
|
Allowance Rollforward
|
|
|
|
|
Beginning
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending
|
|
|
For the Year Ended December 31, 2019
|
|
Balance
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Provision
|
|
|
Balance
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
4,453
|
|
|
$
|
(2,508
|
)
|
|
$
|
147
|
|
|
$
|
1,986
|
|
|
$
|
4,078
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
59
|
|
|
|
—
|
|
|
|
65
|
|
|
|
(93
|
)
|
|
|
31
|
|
|
Construction, land and development
|
|
|
731
|
|
|
|
—
|
|
|
|
—
|
|
|
|
324
|
|
|
|
1,055
|
|
|
Commercial real estate (including multifamily)
|
|
|
960
|
|
|
|
—
|
|
|
|
—
|
|
|
|
491
|
|
|
|
1,451
|
|
|
Consumer loans and leases
|
|
|
80
|
|
|
|
(134
|
)
|
|
|
20
|
|
|
|
102
|
|
|
|
68
|
|
|
Municipal and other loans
|
|
|
3
|
|
|
|
—
|
|
|
|
5
|
|
|
|
46
|
|
|
|
54
|
|
|
Ending allowance balance
|
|
$
|
6,286
|
|
|
$
|
(2,642
|
)
|
|
$
|
237
|
|
|
$
|
2,856
|
|
|
$
|
6,737
|
|
|
| Summary of Aging Analysis of Recorded Investment for Delinquent Loans by Portfolio and Segment |
The following tables present an aging analysis of the recorded investment for delinquent loans by portfolio and segment:
|
|
|
Accruing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 to 59
|
|
|
60 to 89
|
|
|
90 or More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Days Past
|
|
|
Days Past
|
|
|
Days Past
|
|
|
Non-
|
|
|
|
|
|
|
December 31, 2021
|
|
Current
|
|
|
Due
|
|
|
Due
|
|
|
Due
|
|
|
Accrual
|
|
|
Total
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
459,659
|
|
|
$
|
573
|
|
|
$
|
368
|
|
|
$
|
—
|
|
|
$
|
4,097
|
|
|
$
|
464,697
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
361,667
|
|
|
|
420
|
|
|
|
18
|
|
|
|
—
|
|
|
|
50
|
|
|
|
362,155
|
|
|
Construction, land and development
|
|
|
400,205
|
|
|
|
679
|
|
|
|
68
|
|
|
|
—
|
|
|
|
—
|
|
|
|
400,952
|
|
|
Commercial real estate
(including multifamily)
|
|
|
1,029,941
|
|
|
|
6
|
|
|
|
3
|
|
|
|
—
|
|
|
|
941
|
|
|
|
1,030,891
|
|
|
Consumer loans and leases
|
|
|
6,257
|
|
|
|
2
|
|
|
|
—
|
|
|
|
—
|
|
|
|
48
|
|
|
|
6,307
|
|
|
Municipal and other loans
|
|
|
57,067
|
|
|
|
19
|
|
|
|
—
|
|
|
|
—
|
|
|
|
13
|
|
|
|
57,099
|
|
|
Total loans
|
|
$
|
2,314,796
|
|
|
$
|
1,699
|
|
|
$
|
457
|
|
|
$
|
—
|
|
|
$
|
5,149
|
|
|
$
|
2,322,101
|
|
|
|
|
Accruing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 to 59
|
|
|
60 to 89
|
|
|
90 or More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Days Past
|
|
|
Days Past
|
|
|
Days Past
|
|
|
Non-
|
|
|
|
|
|
|
December 31, 2020
|
|
Current
|
|
|
Due
|
|
|
Due
|
|
|
Due
|
|
|
Accrual
|
|
|
Total
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
567,491
|
|
|
$
|
2,295
|
|
|
$
|
271
|
|
|
$
|
—
|
|
|
$
|
4,929
|
|
|
$
|
574,986
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
362,505
|
|
|
|
99
|
|
|
|
28
|
|
|
|
—
|
|
|
|
1,507
|
|
|
|
364,139
|
|
|
Construction, land and development
|
|
|
415,135
|
|
|
|
136
|
|
|
|
—
|
|
|
|
—
|
|
|
|
217
|
|
|
|
415,488
|
|
|
Commercial real estate
(including multifamily)
|
|
|
953,823
|
|
|
|
1,084
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,836
|
|
|
|
956,743
|
|
|
Consumer loans and leases
|
|
|
11,618
|
|
|
|
8
|
|
|
|
4
|
|
|
|
—
|
|
|
|
108
|
|
|
|
11,738
|
|
|
Municipal and other loans
|
|
|
65,416
|
|
|
|
—
|
|
|
|
22
|
|
|
|
—
|
|
|
|
—
|
|
|
|
65,438
|
|
|
Total loans
|
|
$
|
2,375,988
|
|
|
$
|
3,622
|
|
|
$
|
325
|
|
|
$
|
—
|
|
|
$
|
8,597
|
|
|
$
|
2,388,532
|
|
|
| Summary of Loans by Key Indicators of Credit Quality |
The following table summarizes the Company’s loans by key indicators of credit quality:
|
|
|
|
|
|
|
Special
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021
|
|
Pass
|
|
|
Mention
|
|
|
Substandard
|
|
|
Doubtful
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
451,340
|
|
|
$
|
220
|
|
|
$
|
13,131
|
|
|
$
|
6
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
361,812
|
|
|
|
—
|
|
|
|
343
|
|
|
|
—
|
|
|
Construction, land and development
|
|
|
400,952
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Commercial real estate (including multifamily)
|
|
|
1,008,827
|
|
|
|
13,508
|
|
|
|
8,556
|
|
|
|
—
|
|
|
Consumer loans and leases
|
|
|
6,257
|
|
|
|
—
|
|
|
|
50
|
|
|
|
—
|
|
|
Municipal and other loans
|
|
|
53,354
|
|
|
|
3,715
|
|
|
|
30
|
|
|
|
—
|
|
|
Total loans
|
|
$
|
2,282,542
|
|
|
$
|
17,443
|
|
|
$
|
22,110
|
|
|
$
|
6
|
|
|
|
|
|
|
|
|
Special
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020
|
|
Pass
|
|
|
Mention
|
|
|
Substandard
|
|
|
Doubtful
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
554,685
|
|
|
$
|
1,332
|
|
|
$
|
18,723
|
|
|
$
|
246
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
360,337
|
|
|
|
—
|
|
|
|
3,802
|
|
|
|
—
|
|
|
Construction, land and development
|
|
|
411,151
|
|
|
|
4,120
|
|
|
|
217
|
|
|
|
—
|
|
|
Commercial real estate (including multifamily)
|
|
|
935,865
|
|
|
|
10,913
|
|
|
|
9,965
|
|
|
|
—
|
|
|
Consumer loans and leases
|
|
|
11,626
|
|
|
|
—
|
|
|
|
112
|
|
|
|
—
|
|
|
Municipal and other loans
|
|
|
62,273
|
|
|
|
3,085
|
|
|
|
80
|
|
|
|
—
|
|
|
Total loans
|
|
$
|
2,335,937
|
|
|
$
|
19,450
|
|
|
$
|
32,899
|
|
|
$
|
246
|
|
|
| Summary of Investment in Loans Disaggregated Based on Method of Evaluating Impairment |
The following table shows the Company’s investment in loans disaggregated based on the method of evaluating impairment:
|
|
|
Loans - Recorded
Investment
|
|
|
Allowance for
Credit Loss
|
|
|
|
|
Individually
|
|
|
Collectively
|
|
|
Individually
|
|
|
Collectively
|
|
|
|
|
Evaluated for
|
|
|
Evaluated for
|
|
|
Evaluated for
|
|
|
Evaluated for
|
|
|
December 31, 2021
|
|
Impairment
|
|
|
Impairment
|
|
|
Impairment
|
|
|
Impairment
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
4,129
|
|
|
$
|
460,568
|
|
|
$
|
3,276
|
|
|
$
|
6,509
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
173
|
|
|
$
|
361,982
|
|
|
|
—
|
|
|
$
|
91
|
|
|
Construction, land and development
|
|
|
—
|
|
|
$
|
400,952
|
|
|
|
—
|
|
|
$
|
1,686
|
|
|
Commercial real estate
(including multifamily)
|
|
|
941
|
|
|
$
|
1,029,950
|
|
|
|
265
|
|
|
$
|
4,447
|
|
|
Consumer loans and leases
|
|
|
48
|
|
|
$
|
6,259
|
|
|
|
48
|
|
|
$
|
24
|
|
|
Municipal and other loans
|
|
|
13
|
|
|
$
|
57,086
|
|
|
|
4
|
|
|
$
|
45
|
|
|
Total loans
|
|
$
|
5,304
|
|
|
$
|
2,316,797
|
|
|
$
|
3,593
|
|
|
$
|
12,802
|
|
|
|
|
Loans - Recorded
Investment
|
|
|
Allowance for
Credit Loss
|
|
|
|
|
Individually
|
|
|
Collectively
|
|
|
Individually
|
|
|
Collectively
|
|
|
|
|
Evaluated for
|
|
|
Evaluated for
|
|
|
Evaluated for
|
|
|
Evaluated for
|
|
|
December 31, 2020
|
|
Impairment
|
|
|
Impairment
|
|
|
Impairment
|
|
|
Impairment
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
4,978
|
|
|
$
|
570,008
|
|
|
$
|
3,488
|
|
|
$
|
5,598
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
1,637
|
|
|
|
362,502
|
|
|
|
1
|
|
|
|
146
|
|
|
Construction, land and development
|
|
|
217
|
|
|
|
415,271
|
|
|
|
—
|
|
|
|
1,744
|
|
|
Commercial real estate
(including multifamily)
|
|
|
1,837
|
|
|
|
954,906
|
|
|
|
500
|
|
|
|
4,343
|
|
|
Consumer loans and leases
|
|
|
108
|
|
|
|
11,630
|
|
|
|
90
|
|
|
|
55
|
|
|
Municipal and other loans
|
|
|
52
|
|
|
|
65,386
|
|
|
|
—
|
|
|
|
61
|
|
|
Total loans
|
|
$
|
8,829
|
|
|
$
|
2,379,703
|
|
|
$
|
4,079
|
|
|
$
|
11,947
|
|
|
| Summary of Information Regarding Impaired Loans Evaluated for Specific Reserves |
The following tables set forth certain information regarding the Company’s impaired loans that were evaluated for specific reserves:
|
|
|
Impaired Loans -
with Allowance
|
|
|
Impaired Loans -
with No Allowance
|
|
|
|
|
|
|
|
|
Unpaid
|
|
|
|
|
|
|
|
|
|
|
Unpaid
|
|
|
|
|
Recorded
|
|
|
Principal
|
|
|
Related
|
|
|
Recorded
|
|
|
Principal
|
|
|
December 31, 2021
|
|
Investment
|
|
|
Balance
|
|
|
Allowance
|
|
|
Investment
|
|
|
Balance
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
3,700
|
|
|
$
|
3,673
|
|
|
$
|
3,276
|
|
|
$
|
429
|
|
|
$
|
431
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
173
|
|
|
|
173
|
|
|
Construction, land and
development
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Commercial real estate
(including multifamily)
|
|
|
441
|
|
|
|
441
|
|
|
|
265
|
|
|
|
500
|
|
|
|
500
|
|
|
Consumer loans and leases
|
|
|
48
|
|
|
|
48
|
|
|
|
48
|
|
|
|
—
|
|
|
|
—
|
|
|
Municipal and other loans
|
|
|
13
|
|
|
|
12
|
|
|
|
4
|
|
|
|
—
|
|
|
|
—
|
|
|
Total loans
|
|
$
|
4,202
|
|
|
$
|
4,174
|
|
|
$
|
3,593
|
|
|
$
|
1,102
|
|
|
$
|
1,104
|
|
|
|
|
Impaired Loans -
with Allowance
|
|
|
Impaired Loans -
with No Allowance
|
|
|
|
|
|
|
|
|
Unpaid
|
|
|
|
|
|
|
|
|
|
|
Unpaid
|
|
|
|
|
Recorded
|
|
|
Principal
|
|
|
Related
|
|
|
Recorded
|
|
|
Principal
|
|
|
December 31, 2020
|
|
Investment
|
|
|
Balance
|
|
|
Allowance
|
|
|
Investment
|
|
|
Balance
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
4,407
|
|
|
$
|
4,453
|
|
|
$
|
3,488
|
|
|
$
|
566
|
|
|
$
|
571
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
5
|
|
|
|
5
|
|
|
|
1
|
|
|
|
1,632
|
|
|
|
1,612
|
|
|
Construction, land and
development
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
217
|
|
|
|
215
|
|
|
Commercial real estate
(including multifamily)
|
|
|
1,308
|
|
|
|
1,281
|
|
|
|
500
|
|
|
|
528
|
|
|
|
528
|
|
|
Consumer loans and leases
|
|
|
90
|
|
|
|
90
|
|
|
|
90
|
|
|
|
24
|
|
|
|
28
|
|
|
Municipal and other loans
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
52
|
|
|
|
52
|
|
|
Total loans
|
|
$
|
5,810
|
|
|
$
|
5,829
|
|
|
$
|
4,079
|
|
|
$
|
3,019
|
|
|
$
|
3,006
|
|
|
|
|
For the Years Ended
December 31,
|
|
|
|
|
2021
|
|
|
2020
|
|
|
2019
|
|
|
|
|
Average
|
|
|
Interest
|
|
|
Average
|
|
|
Interest
|
|
|
Average
|
|
|
Interest
|
|
|
|
|
Recorded
|
|
|
Income
|
|
|
Recorded
|
|
|
Income
|
|
|
Recorded
|
|
|
Income
|
|
|
|
|
Investment
|
|
|
Recognized
|
|
|
Investment
|
|
|
Recognized
|
|
|
Investment
|
|
|
Recognized
|
|
|
|
|
(Dollars in thousands)
|
|
|
Commercial and industrial loans
|
|
$
|
5,045
|
|
|
$
|
—
|
|
|
$
|
4,864
|
|
|
$
|
—
|
|
|
$
|
2,790
|
|
|
$
|
—
|
|
|
Real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 single family residential
|
|
|
182
|
|
|
|
—
|
|
|
|
1,658
|
|
|
|
—
|
|
|
|
2,011
|
|
|
|
—
|
|
|
Construction, land and development
|
|
|
—
|
|
|
|
—
|
|
|
|
216
|
|
|
|
—
|
|
|
|
219
|
|
|
|
—
|
|
|
Commercial real estate
(including multifamily)
|
|
|
1,022 | |