Sandy Spring Bancorp(US:SASR)2022-01-20 22:17Industry Portfolio - Hotels: Total commitments of $389 million, with $382 million outstanding, and 9% of the portfolio criticized[2] - Restaurants: Total commitments of $174 million, with $165 million outstanding, and 6% of the portfolio criticized[2] - Services: Total commitments of $413 million, with $248 million outstanding, and 4% of the portfolio criticized[2] - CRE Investment (Office): Total commitments of $846 million, with $785 million outstanding, and 0% of the portfolio criticized[2] - CRE Investment (Retail): Total commitments of $1,429 million, with $1,371 million outstanding and 0% of the portfolio criticized[2] - CRE Investment (Multifamily): Total commitments of $729 million, with $630 million outstanding and 0% of the portfolio criticized[2] Allowance for Credit Losses (ACL) - Q4 2021 ACL increased slightly, driven by loan portfolio growth and qualitative adjustments, partially offset by improved economic variables[6] - Full year 2021 ACL declined by $563 million, primarily due to improved economic conditions, partially offset by increased qualitative factors and loan portfolio growth[10] - The allowance for credit losses as a % of total loans outstanding at December 31, 2021 was 1.10%[14] - Excluding PPP loans, the allowance for credit losses as a % of total loans outstanding at December 31, 2021 would increase to 1.12%[14] Capital Position - Total Sandy Spring Bancorp shareholders' equity was $1,5197 million in 4Q21[16] - Common equity tier 1 capital ratio was 119% in 4Q21[16] - Total risk-based capital ratio was 146% in 4Q21[16]