| Activity in the Allowance for Loan Losses by Portfolio Segment |
The following tables detail the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2026 and 2025:
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For the three months ended June 30, 2026 |
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SBA |
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(In thousands) |
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Held for
Investment |
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Commercial |
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Residential |
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|
Consumer |
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Residential
construction |
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Total |
|
Balance, beginning of period |
|
$ |
1,111 |
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|
$ |
22,870 |
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|
$ |
7,523 |
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|
$ |
795 |
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|
$ |
1,055 |
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|
$ |
33,354 |
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Charge-offs |
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— |
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— |
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— |
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— |
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— |
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— |
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Recoveries |
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56 |
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95 |
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|
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— |
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6 |
|
|
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— |
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|
|
157 |
|
Net recoveries |
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56 |
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|
95 |
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|
|
— |
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6 |
|
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— |
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|
|
157 |
|
Provision for (credit to) credit losses charged to expense |
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|
59 |
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|
|
976 |
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(158 |
) |
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|
269 |
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|
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(106 |
) |
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|
1,040 |
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Balance, end of period |
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$ |
1,226 |
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|
$ |
23,941 |
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|
$ |
7,365 |
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|
$ |
1,070 |
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|
$ |
949 |
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|
$ |
34,551 |
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For the three months ended June 30, 2025 |
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SBA |
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(In thousands) |
|
Held for
Investment |
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|
Commercial |
|
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Residential |
|
|
Consumer |
|
|
Residential
construction |
|
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Total |
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Balance, beginning of period |
|
$ |
1,095 |
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|
$ |
18,640 |
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|
$ |
6,527 |
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|
$ |
760 |
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|
$ |
629 |
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|
$ |
27,651 |
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Charge-offs |
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|
(105 |
) |
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|
(100 |
) |
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|
(282 |
) |
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|
(21 |
) |
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|
— |
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|
|
(508 |
) |
Recoveries |
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2 |
|
|
|
102 |
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|
|
— |
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|
|
40 |
|
|
|
— |
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|
|
144 |
|
Net (charge-offs) recoveries |
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|
(103 |
) |
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|
2 |
|
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|
(282 |
) |
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|
19 |
|
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— |
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|
|
(364 |
) |
Provision for (credit to) credit losses charged to expense |
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|
185 |
|
|
|
895 |
|
|
|
671 |
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|
6 |
|
|
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(32 |
) |
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|
1,725 |
|
Balance, end of period |
|
$ |
1,177 |
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|
$ |
19,537 |
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|
$ |
6,916 |
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|
$ |
785 |
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|
$ |
597 |
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|
$ |
29,012 |
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For the six months ended June 30, 2026 |
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|
SBA |
|
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|
|
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(In thousands) |
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Held for
Investment |
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|
Commercial |
|
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Residential |
|
|
Consumer |
|
|
Residential
construction |
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Total |
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Balance, beginning of period |
|
$ |
785 |
|
|
$ |
22,148 |
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|
$ |
7,695 |
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|
$ |
995 |
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|
$ |
719 |
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|
$ |
32,342 |
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Charge-offs |
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|
(50 |
) |
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|
(140 |
) |
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|
— |
|
|
|
(10 |
) |
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|
(40 |
) |
|
|
(240 |
) |
Recoveries |
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|
61 |
|
|
|
188 |
|
|
|
100 |
|
|
|
17 |
|
|
|
— |
|
|
|
366 |
|
Net recoveries (charge-offs) |
|
|
11 |
|
|
|
48 |
|
|
|
100 |
|
|
|
7 |
|
|
|
(40 |
) |
|
|
126 |
|
Provision for (credit to) credit losses charged to expense |
|
|
430 |
|
|
|
1,745 |
|
|
|
(430 |
) |
|
|
68 |
|
|
|
270 |
|
|
|
2,083 |
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Balance, end of period |
|
$ |
1,226 |
|
|
$ |
23,941 |
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|
$ |
7,365 |
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|
$ |
1,070 |
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|
$ |
949 |
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|
$ |
34,551 |
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