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Allowance for Credit Losses (ACL) | 3 Months Ended
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Mar. 31, 2024
Allowance for Credit Losses (ACL) |
Allowance for Credit Losses (ACL) | ​ ​ Note 6 — Allowance for Credit Losses (ACL) See Note 2 — Summary of Significant Accounting Policies for further detailed descriptions of our estimation process and methodology related to the allowance for credit losses. ​ The following table presents a disaggregated analysis of activity in the allowance for credit losses for the three months ended March 31, 2024 and 2023, as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Residential | ​ | ​ | ​ | Residential | ​ | Comm Constr. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | CRE Owner | ​ | Non-Owner | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | Mortgage Sr. | ​ | Mortgage Jr. | ​ | HELOC | ​ | Construction | ​ | & Dev. | ​ | Consumer | ​ | Multifamily | ​ | Municipal | ​ | Occupied | ​ | Occupied CRE | ​ | C & I | ​ | Total
Three Months Ended March 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at end of period December 31, 2023 | ​ | $ | 78,052 | ​ | $ | 745 | ​ | $ | 10,942 | ​ | $ | 5,024 | ​ | $ | 65,772 | ​ | $ | 23,331 | ​ | $ | 13,766 | ​ | $ | 900 | ​ | $ | 71,580 | ​ | $ | 137,055 | ​ | $ | 49,406 | ​ | $ | 456,573
Charge-offs | ​ |  | (343) | ​ |  | — | ​ |  | (110) | ​ |  | (304) | ​ |  | (1,475) | ​ |  | (2,497) | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | (71) | ​ | ​ | (3,140) | ​ |  | (7,940)
Recoveries | ​ |  | 123 | ​ |  | 39 | ​ |  | 292 | ​ |  | 7 | ​ |  | 1,007 | ​ |  | 1,125 | ​ |  | 25 | ​ |  | — | ​ |  | 103 | ​ | ​ | 10 | ​ | ​ | 2,530 | ​ |  | 5,261
Net (charge offs) recoveries | ​ | ​ | (220) | ​ |  | 39 | ​ |  | 182 | ​ |  | (297) | ​ |  | (468) | ​ |  | (1,372) | ​ |  | 25 | ​ |  | — | ​ |  | 103 | ​ | ​ | (61) | ​ | ​ | (610) | ​ | ​ | (2,679)
Provision (recovery) (1) | ​ |  | 9,652 | ​ |  | 446 | ​ |  | 600 | ​ |  | (175) | ​ |  | (4,444) | ​ |  | 1,394 | ​ |  | 3,221 | ​ |  | (24) | ​ |  | 914 | ​ | ​ | (2,296) | ​ | ​ | 6,472 | ​ |  | 15,760
Balance at end of period March 31, 2024 | ​ | $ | 87,484 | ​ | $ | 1,230 | ​ | $ | 11,724 | ​ | $ | 4,552 | ​ | $ | 60,860 | ​ | $ | 23,353 | ​ | $ | 17,012 | ​ | $ | 876 | ​ | $ | 72,597 | ​ | $ | 134,698 | ​ | $ | 55,268 | ​ | $ | 469,654
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at end of period December 31, 2023 | ​ | $ | 72,188 | ​ | $ | 405 | ​ | $ | 14,886 | ​ | $ | 8,974 | ​ | $ | 45,410 | ​ | $ | 22,767 | ​ | $ | 3,684 | ​ | $ | 849 | ​ | $ | 58,083 | ​ | $ | 78,485 | ​ | $ | 50,713 | ​ | $ | 356,444
Charge-offs | ​ |  | (2) | ​ |  | — | ​ |  | (39) | ​ |  | — | ​ |  | — | ​ |  | (2,729) | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | (51) | ​ | ​ | (1,806) | ​ |  | (4,627)
Recoveries | ​ |  | 294 | ​ |  | 5 | ​ |  | 245 | ​ |  | 72 | ​ |  | 258 | ​ |  | 584 | ​ |  | — | ​ |  | — | ​ |  | 293 | ​ | ​ | 106 | ​ | ​ | 1,732 | ​ |  | 3,589
Net (charge offs) recoveries | ​ | ​ | 292 | ​ | ​ | 5 | ​ | ​ | 206 | ​ | ​ | 72 | ​ | ​ | 258 | ​ | ​ | (2,145) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 293 | ​ | ​ | 55 | ​ | ​ | (74) | ​ | ​ | (1,038)
Provision (recovery) (1) | ​ |  | 4,871 | ​ |  | (61) | ​ |  | (774) | ​ |  | 130 | ​ |  | 9,401 | ​ |  | 2,697 | ​ |  | 1,823 | ​ |  | 30 | ​ |  | (835) | ​ | ​ | 3,933 | ​ | ​ | (5,976) | ​ |  | 15,239
Balance at end of period March 31, 2023 | ​ | $ | 77,351 | ​ | $ | 349 | ​ | $ | 14,318 | ​ | $ | 9,176 | ​ | $ | 55,069 | ​ | $ | 23,319 | ​ | $ | 5,507 | ​ | $ | 879 | ​ | $ | 57,541 | ​ | $ | 82,473 | ​ | $ | 44,663 | ​ | $ | 370,645
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| (1) | A negative provision (recovery) for credit losses for unfunded commitments of ($3.1) million was recorded during the first quarter of 2024, compared to $17.9 million recorded during the first quarter of 2023, that is not included in the above table.

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