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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

Allowance for Credit Losses

Loans individually or collectively evaluated for their impairment and related allowance, by loan class


		Three Months Ended March 31, 2022
		Domestic																					Foreign
					Commercial
					Real Estate:
					Other			Commercial
					Construction &			Real Estate:			Commercial
					Land			Farmland &			Real Estate:			Residential:			Residential:
		Commercial			Development			Commercial			Multifamily			First Lien			Junior Lien			Consumer			Foreign			Total

		(Dollars in Thousands)

Balance at December 31, 2021		$	23,178		$	35,390		$	35,654		$	3,291		$	4,073		$	7,754		$	272		$	762		$	110,374
Losses charged to allowance			(2,112)			(2)			—			—			(99)			(28)			(88)			—			(2,329)
Recoveries credited to allowance			602			2			8			—			30			48			11			—			701
Net (losses) recoveries charged to allowance			(1,510)			—			8			—			(69)			20			(77)			—			(1,628)

Credit loss expense			2,233			982			(808)			(229)			12			(728)			69			(50)			1,481

Balance at March 31, 2022		$	23,901		$	36,372		$	34,854		$	3,062		$	4,016		$	7,046		$	264		$	712		$	110,227


		Three Months Ended March 31, 2021
		Domestic																					Foreign
					Commercial
					Real Estate:
					Other			Commercial
					Construction &			Real Estate:			Commercial
					Land			Farmland &			Real Estate:			Residential:			Residential:
		Commercial			Development			Commercial			Multifamily			First Lien			Junior Lien			Consumer			Foreign			Total

		(Dollars in Thousands)

Balance at December 31, 2020		$	21,908		$	37,612		$	30,000		$	5,051		$	3,874		$	9,570		$	291		$	753		$	109,059

Losses charged to allowance			(1,893)			—			(356)			—			(72)			—			(32)			—			(2,353)
Recoveries credited to allowance			458			—			12			—			11			21			8			—			510
Net (losses) recoveries charged to allowance			(1,435)			—			(344)			—			(61)			21			(24)			—			(1,843)

Credit loss expense			1,690			(3,206)			2,547			884			104			(855)			12			16			1,192

Balance at March 31, 2021		$	22,163		$	34,406		$	32,203		$	5,935		$	3,917		$	8,736		$	279		$	769		$	108,408


		March 31, 2022
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance

		(Dollars in Thousands)
Domestic
Commercial		$	263		$	29		$	1,461,358		$	23,872
Commercial real estate: other construction & land development			567			70			1,742,131			36,302
Commercial real estate: farmland & commercial			554			—			2,560,990			34,854
Commercial real estate: multifamily			123			—			255,427			3,062
Residential: first lien			207			—			398,642			4,016
Residential: junior lien			—			—			441,524			7,046
Consumer			—			—			41,019			264
Foreign			—			—			145,472			712

Total		$	1,714		$	99		$	7,046,563		$	110,128


		December 31, 2021
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance

		(Dollars in Thousands)
Domestic
Commercial		$	298		$	29		$	1,501,554		$	23,149
Commercial real estate: other construction & land development			589			70			1,667,524			35,320
Commercial real estate: farmland & commercial			562			—			2,710,494			35,654
Commercial real estate: multifamily			131			—			284,405			3,291
Residential: first lien			87			—			403,571			4,073
Residential: junior lien			—			—			464,173			7,754
Consumer			—			—			40,966			272
Foreign			—			—			134,797			762

Total		$	1,667		$	99		$	7,207,484		$	110,275

Loans accounted on non-accrual basis, by loan class


		March 31, 2022			December 31, 2021

		(Dollars in Thousands)
Domestic
Commercial		$	263		$	298
Commercial real estate: other construction & land development			567			589
Commercial real estate: farmland & commercial			554			562
Commercial real estate: multifamily			123			131
Residential: first lien			423			341
Total non-accrual loans		$	1,930		$	1,921

Loans accounted for as trouble debt restructuring, by loan class


		March 31, 2022			December 31, 2021

			(Dollars in Thousands)
Domestic
Residential: first lien		$	1,815		$	2,254
Residential: junior lien			104			105
Consumer			831			878
Foreign			61			16
Total troubled debt restructuring		$	2,811		$	3,253

Information regarding the aging of past due loans, by loan class


		March 31, 2022
											90 Days or			Total
		30 - 59			60 - 89			90 Days or			greater &			Past						Total
		Days			Days			Greater			still accruing			Due			Current			Portfolio

		(Dollars in Thousands)
Domestic
Commercial		$	2,160		$	261		$	442		$	442		$	2,863		$	1,458,757		$	1,461,620
Commercial real estate: other construction & land development			1,302			39			536			536			1,877			1,740,821			1,742,698
Commercial real estate: farmland & commercial			2,973			1,384			337			—			4,694			2,556,851			2,561,545
Commercial real estate: multifamily			10			—			—			—			10			255,540			255,550
Residential: first lien			2,541			693			5,164			4,887			8,398			390,451			398,849
Residential: junior lien			218			420			1,168			1,168			1,806			439,718			441,524
Consumer			243			99			6			6			348			40,671			41,019
Foreign			562			67			215			215			844			144,628			145,472
Total past due loans		$	10,009		$	2,963		$	7,868		$	7,254		$	20,840		$	7,027,437		$	7,048,277


		December 31, 2021
											90 Days or			Total
		30 - 59			60 - 89			90 Days or			greater &			Past						Total
		Days			Days			Greater			still accruing			Due			Current			Portfolio

			(Dollars in Thousands)
Domestic
Commercial		$	2,534		$	303		$	577		$	577		$	3,414		$	1,498,438		$	1,501,852
Commercial real estate: other construction & land development			499			334			188			188			1,021			1,667,092			1,668,113
Commercial real estate: farmland & commercial			18,164			172			644			307			18,980			2,692,076			2,711,056
Commercial real estate: multifamily			—			—			—			—			—			284,536			284,536
Residential: first lien			2,342			1,212			5,129			4,937			8,683			394,975			403,658
Residential: junior lien			747			115			1,055			1,055			1,917			462,256			464,173
Consumer			231			88			4			4			323			40,643			40,966
Foreign			1,319			232			1,574			1,574			3,125			131,672			134,797
Total past due loans		$	25,836		$	2,456		$	9,171		$	8,642		$	37,463		$	7,171,688		$	7,209,151

Summary of the loan portfolio by credit quality indicator, by loan class



			2022		2021			2020			2019			2018			Prior			Total

		(Dollars in Thousands)
Balance at March 31, 2022
Domestic
Commercial
Pass		$	157,913		$	895,087		$	130,593		$	69,495		$	56,082		$	37,946		$	1,347,116
Special Review			81			75,098			492			139			—			—			75,810
Watch List - Pass			29,841			7,087			—			807			—			—			37,735
Watch List - Substandard			—			324			316			—			56			—			696
Watch List - Doubtful			—			206			—			—			—			57			263
Total Commercial		$	187,835		$	977,802		$	131,401		$	70,441		$	56,138		$	38,003		$	1,461,620
Commercial real estate: other construction & land development
Pass		$	170,274		$	996,912		$	206,608		$	295,325		$	33,305		$	16,189		$	1,718,613
Special Review			—			—			—			211			—			—			211
Watch List - Pass			—			—			23,100			—			—			—			23,100
Watch List - Substandard			—			207			—			—			—			—			207
Watch List - Doubtful			—			465			102			—			—			—			567
Total Commercial real estate: other construction & land development		$	170,274		$	997,584		$	229,810		$	295,536		$	33,305		$	16,189		$	1,742,698
Commercial real estate: farmland & commercial
Pass		$	220,689		$	721,404		$	639,609		$	280,518		$	403,252		$	167,803		$	2,433,275
Special Review			2,984			1,077			1,272			—			343			60			5,736
Watch List - Pass			51,890			260			9,312			—			—			92			61,554
Watch List - Substandard			—			—			54,053			3,583			—			2,790			60,426
Watch List - Doubtful			—			—			216			337			—			1			554
Total Commercial real estate: farmland & commercial		$	275,563		$	722,741		$	704,462		$	284,438		$	403,595		$	170,746		$	2,561,545
Commercial real estate: multifamily
Pass		$	3,335		$	132,852		$	62,874		$	31,231		$	6,901		$	18,234		$	255,427
Watch List - Doubtful			—			—			123			—			—			—			123
Total Commercial real estate: multifamily		$	3,335		$	132,852		$	62,997		$	31,231		$	6,901		$	18,234		$	255,550
Residential: first lien
Pass		$	61,506		$	89,814		$	58,393		$	47,861		$	39,298		$	100,671		$	397,543
Watch List - Substandard			—			999			—			101			—			—			1,100
Watch List - Doubtful			—			—			83			—			—			123			206
Total Residential: first lien		$	61,506		$	90,813		$	58,476		$	47,962		$	39,298		$	100,794		$	398,849
Residential: junior lien
Pass		$	19,714		$	128,627		$	110,051		$	50,272		$	26,346		$	106,514		$	441,524
Total Residential: junior lien		$	19,714		$	128,627		$	110,051		$	50,272		$	26,346		$	106,514		$	441,524
Residential: junior lien
Consumer
Pass		$	9,251		$	25,436		$	3,552		$	985		$	137		$	1,658		$	41,019
Total Consumer		$	9,251		$	25,436		$	3,552		$	985		$	137		$	1,658		$	41,019
Foreign
Pass		$	39,094		$	71,591		$	16,628		$	6,359		$	6,133		$	5,667		$	145,472
Total Foreign		$	39,094		$	71,591		$	16,628		$	6,359		$	6,133		$	5,667		$	145,472
Total Loans		$	766,572		$	3,147,446		$	1,317,377		$	787,224		$	571,853		$	457,805		$	7,048,277



			2021		2020			2019			2018			2017			Prior			Total

		(Dollars in Thousands)
Balance at December 31, 2021
Domestic
Commercial
Pass		$	1,041,763		$	167,691		$	77,579		$	58,439		$	37,104		$	5,144		$	1,387,720
Special Review			74,559			497			139			81			—			—			75,276
Watch List - Pass			33,920			—			—			—			—			10			33,930
Watch List - Substandard			3,581			273			716			57			—			1			4,628
Watch List - Doubtful			224			—			—			—			74			—			298
Total Commercial		$	1,154,047		$	168,461		$	78,434		$	58,577		$	37,178		$	5,155		$	1,501,852
Commercial
Commercial real estate: other construction & land development
Pass		$	966,946		$	312,389		$	308,673		$	37,124		$	16,642		$	2,439		$	1,644,213
Special Review			—			—			211			—			—			—			211
Watch List - Pass			—			23,100			—			—			—			—			23,100
Watch List - Doubtful			485			104			—			—			—			—			589
Total Commercial real estate: other construction & land development		$	967,431		$	335,593		$	308,884		$	37,124		$	16,642		$	2,439		$	1,668,113
Commercial real estate: farmland & commercial
Pass		$	1,001,335		$	680,777		$	288,333		$	417,353		$	96,096		$	97,119		$	2,581,013
Special Review			929			1,292			—			3,448			61			—			5,730
Watch List - Pass			18,790			44,059			—			—			94			1			62,944
Watch List - Substandard			—			54,097			3,899			—			2,355			456			60,807
Watch List - Doubtful			—			224			337			—			—			1			562
Total Commercial real estate: farmland & commercial		$	1,021,054		$	780,449		$	292,569		$	420,801		$	98,606		$	97,577		$	2,711,056
Commercial real estate: multifamily
Pass		$	133,152		$	40,766		$	78,609		$	10,632		$	14,217		$	7,029		$	284,405
Watch List - Doubtful			—			131			—			—			—			—			131
Total Commercial real estate: multifamily		$	133,152		$	40,897		$	78,609		$	10,632		$	14,217		$	7,029		$	284,536
Residential: first lien
Pass		$	128,742		$	52,725		$	57,249		$	49,259		$	29,477		$	85,838		$	403,290
Watch List - Substandard			56			—			103			—			122			—			281
Watch List - Doubtful			—			87			—			—			—			—			87
Total Residential: first lien		$	128,798		$	52,812		$	57,352		$	49,259		$	29,599		$	85,838		$	403,658
Residential: junior lien
Pass		$	130,629		$	123,062		$	59,113		$	30,603		$	40,855		$	79,911		$	464,173
Total Residential: junior lien		$	130,629		$	123,062		$	59,113		$	30,603		$	40,855		$	79,911		$	464,173
Consumer
Pass		$	32,053		$	5,693		$	1,370		$	189		$	9		$	1,652		$	40,966
Total Consumer		$	32,053		$	5,693		$	1,370		$	189		$	9		$	1,652		$	40,966
Foreign
Pass		$	74,811		$	33,360		$	9,223		$	8,852		$	4,790		$	3,761		$	134,797
Total Foreign		$	74,811		$	33,360		$	9,223		$	8,852		$	4,790		$	3,761		$	134,797
Total Loans		$	3,641,975		$	1,540,327		$	885,554		$	616,037		$	241,896		$	283,362		$	7,209,151