XML 68 R46.htm IDEA: XBRL DOCUMENT

Allowance for Credit Losses (ACL) (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of changes in allowance for loan losses


	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
Year Ended December 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		(728)		—		(110)		(304)		(2,162)		(9,156)		—		—		(1,199)		(530)		(20,881)		(35,070)
Recoveries		349		222		1,059		41		1,294		3,492		66		—		819		1,714		7,770		16,826
Net (charge offs) recoveries		(379)		222		949		(263)		(868)		(5,664)		66		—		(380)		1,184		(13,111)		(18,244)
Provision (benefit) ⁽¹⁾		(34,986)		(535)		2,954		4,537		649		(183)		8,447		297		7,553		(26,701)		64,919		26,951
Balance at end of period December 31, 2024	$	42,687	$	432	$	14,845	$	9,298	$	65,553	$	17,484	$	22,279	$	1,197	$	78,753	$	111,538	$	101,214	$	465,280

Year Ended December 31, 2023
Allowance for credit losses:
Balance at end of period December 31, 2022	$	72,188	$	405	$	14,886	$	8,974	$	45,410	$	22,767	$	3,684	$	849	$	58,083	$	78,485	$	50,713	$	356,444
Charge-offs		(187)		—		(177)		—		(225)		(12,042)		—		—		(126)		(304)		(27,587)		(40,648)
Recoveries		922		108		1,250		128		687		2,247		41		—		938		962		8,499		15,782
Net recoveries (charge offs)		735		108		1,073		128		462		(9,795)		41		—		812		658		(19,088)		(24,866)
Provision (benefit) ⁽¹⁾		5,129		232		(5,017)		(4,078)		19,900		10,359		10,041		51		12,685		57,912		17,781		124,995
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

Year Ended December 31, 2022
Allowance for credit losses:
Balance at end of period December 31, 2021	$	47,036	$	611	$	13,325	$	4,997	$	37,593	$	23,149	$	4,921	$	565	$	61,794	$	79,649	$	28,167	$	301,807
Initial Allowance for PCD loans aqcuired during period		811		—		—		—		86		—		—		—		2,409		—		10,452		13,758
Initial Allowance for Non PCD loans aqcuired during period		352		26		132		2		1,887		51		426		—		2,519		2,697		5,605		13,697
Charge-offs		(197)		(19)		(445)		(21)		(4)		(10,214)		—		—		(1,976)		(368)		(10,202)		(23,446)
Recoveries		1,233		231		3,981		8		1,104		2,426		—		—		1,327		581		8,282		19,173
Net recoveries (charge offs)		1,036		212		3,536		(13)		1,100		(7,788)		—		—		(649)		213		(1,920)		(4,273)
Provision (benefit) ⁽¹⁾		22,953		(444)		(2,107)		3,988		4,744		7,355		(1,663)		284		(7,990)		(4,074)		8,409		31,455
Balance at end of period December 31, 2022	$	72,188	$	405	$	14,886	$	8,974	$	45,410	$	22,767	$	3,684	$	849	$	58,083	$	78,485	$	50,713	$	356,444

(1)

A negative provision (recovery) for credit losses of $11.0 million was recorded during 2024 compared to a negative provision (recovery) for credit losses of $10.9 million recorded during 2023 and a provision for credit losses of $36.7 million during 2022 for the release for unfunded commitments, which is not included in the table above.