XML 44 R33.htm IDEA: XBRL DOCUMENT v3.25.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combinations [Abstract]  
Recorded Investment and Outstanding Balance for Purchased Credit Deteriorated Loans and Non Purchased Credit Deteriorated Loans

PCD Loans. The recorded investment in PCD loans included in the consolidated balance sheets and the related outstanding balances at December 31, 2024 and 2023 are presented in the table below. The outstanding balance represents the total amount owed as of December 31, 2024 and 2023.

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

(Dollars in thousands)

 

PCD loans:

 

 

 

 

 

 

Outstanding balance

 

$

440,024

 

 

$

533,653

 

Discount

 

 

(7,390

)

 

 

(7,914

)

Recorded investment

 

$

432,634

 

 

$

525,739

 

Non-PCD Loans. The recorded investment in Non-PCD loans included in the consolidated balance sheets and the related outstanding balances at December 31, 2024 and 2023 are presented in the table below. The outstanding balance represents the total amount owed as of December 31, 2024 and 2023.

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

(Dollars in thousands)

 

Non-PCD loans:

 

 

 

 

 

 

Outstanding balance

 

$

2,089,629

 

 

$

1,823,809

 

Discount

 

 

(27,845

)

 

 

(19,992

)

Recorded investment

 

$

2,061,784

 

 

$

1,803,817

 
Summary of Changes in Accretable Yields of Acquired Loans

Changes in the accretable yield for acquired PCD loans for the years ended December 31, 2024 and 2023 were as follows:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in thousands)

 

Balance at beginning of period

 

$

7,914

 

 

$

3,361

 

Additions

 

 

4,558

 

 

 

7,790

 

Accretion charge-offs

 

 

(78

)

 

 

(16

)

Accretion

 

 

(5,004

)

 

 

(3,221

)

Balance at December 31,

 

$

7,390

 

 

$

7,914

 

Changes in the discount accretion for Non-PCD loans for the years ended December 31, 2024 and 2023 were as follows:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in thousands)

 

Balance at beginning of period

 

$

19,992

 

 

$

2,233

 

Addition

 

 

20,378

 

 

 

22,648

 

Accretion charge-offs

 

 

(39

)

 

 

(64

)

Accretion

 

 

(12,486

)

 

 

(4,825

)

Balance at December 31,

 

$

27,845

 

 

$

19,992