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Allowance for Credit Losses (Tables)
12 Months Ended
Dec. 31, 2022
Loans individually or collectively evaluated for their impairment and related allowance, by loan class

December 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

 

(9,050)

 

(2)

(16)

 

 

(160)

 

(28)

 

(223)

 

 

(9,479)

Recoveries credited to allowance

 

2,894

 

123

 

27

 

 

240

 

104

 

38

 

 

3,426

Net losses charged to allowance

 

(6,156)

 

121

 

11

 

 

80

 

76

 

(185)

 

 

(6,053)

Provision (credit) charged to operations

 

9,706

9,173

 

809

 

503

 

606

 

454

 

194

 

206

 

21,651

Balance at December 31, 2022

$

26,728

$

44,684

$

36,474

$

3,794

$

4,759

$

8,284

$

281

$

968

$

125,972

December 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

 

(8,083)

 

(2)

(364)

 

 

(373)

 

(25)

 

(176)

 

(1)

 

(9,024)

Recoveries credited to allowance

 

1,943

 

 

171

 

 

60

 

164

 

46

 

 

2,384

Net losses charged to allowance

 

(6,140)

 

(2)

 

(193)

 

 

(313)

 

139

 

(130)

 

(1)

 

(6,640)

Provision (credit) charged to operations

 

7,410

(2,220)

 

5,847

 

(1,760)

 

512

 

(1,955)

 

111

 

10

 

7,955

Balance at December 31, 2021

$

23,178

$

35,390

$

35,654

$

3,291

$

4,073

$

7,754

$

272

$

762

$

110,374

December 31, 2020

 

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, 2019

    

$

11,145

$

18,152

$

16,533

$

1,786

$

3,762

$

7,535

$

542

$

823

    

$

60,278

Adoption of ASU 2016-13

4,247

13,391

(4,292)

(355)

(1,580)

(429)

(225)

(410)

10,347

Losses charged to allowance

 

(8,936)

 

(19)

 

(55)

 

 

(160)

 

(124)

 

(280)

 

 

(9,574)

Recoveries credited to allowance

 

2,191

 

35

 

117

 

 

21

 

186

 

69

 

10

 

2,629

Net losses charged to allowance

 

(6,745)

 

16

 

62

 

 

(139)

 

62

 

(211)

 

10

 

(6,945)

Provision (credit) charged to operations

 

13,261

6,053

 

17,697

 

3,620

 

1,831

 

2,402

 

185

 

330

 

45,379

Balance at December 31, 2020

$

21,908

$

37,612

$

30,000

$

5,051

$

3,874

$

9,570

$

291

$

753

$

109,059

December 31, 2022

Loans Individually

Loans Collectively

Evaluated For

Evaluated For

Impairment

Impairment

Recorded

Recorded

Investment

Allowance

Investment

Allowance

(Dollars in Thousands)

Domestic

Commercial

    

$

30,747

    

$

2,375

    

$

1,468,006

    

$

24,353

Commercial real estate: other construction & land development

 

20,483

 

70

 

1,969,186

 

44,614

Commercial real estate: farmland & commercial

 

94

 

 

2,568,025

 

36,474

Commercial real estate: multifamily

 

117

 

 

306,384

 

3,794

Residential: first lien

 

77

 

 

425,647

 

4,759

Residential: junior lien

 

312

 

 

439,958

 

8,284

Consumer

 

 

 

41,592

 

281

Foreign

 

 

 

159,975

 

968

Total

$

51,830

$

2,445

$

7,378,773

$

123,527

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

December 31, 2022

December 31, 2021

(Dollars in Thousands)

Domestic

Commercial

    

$

30,747

    

$

298

Commercial real estate: other construction & land development

 

20,483

 

589

Commercial real estate: farmland & commercial

 

94

 

562

Commercial real estate: multifamily

 

117

 

131

Residential: first lien

 

207

 

341

Total non-accrual loans

$

51,648

$

1,921

Loans accounted for as trouble debt restructuring, by loan class

    

December 31, 2022

    

December 31, 2021

(Dollars in Thousands)

Domestic

Residential: first lien

$

1,642

$

2,254

Residential: junior lien

714

105

Consumer

802

878

Foreign

55

16

Total troubled debt restructuring

$

3,213

$

3,253

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

December 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

    

$

1,732

    

$

258

    

$

1,014

    

$

59

    

$

3,004

    

$

1,495,750

    

$

1,498,754

Commercial real estate: other construction & land development

 

1,130

 

 

 

 

1,130

 

1,988,539

 

1,989,669

Commercial real estate: farmland & commercial

 

1,744

 

117

 

 

 

1,861

 

2,566,257

 

2,568,118

Commercial real estate: multifamily

 

 

 

 

 

 

306,501

 

306,501

Residential: first lien

 

2,023

 

1,068

 

4,189

 

4,061

 

7,280

 

418,444

 

425,724

Residential: junior lien

 

925

 

771

 

1,717

 

1,717

 

3,413

 

436,857

 

440,270

Consumer

 

281

 

14

 

7

 

7

 

302

 

41,290

 

41,592

Foreign

 

717

 

23

 

288

 

288

 

1,028

 

158,947

 

159,975

Total past due loans

$

8,552

$

2,251

$

7,215

$

6,132

$

18,018

$

7,412,585

$

7,430,603

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 December 31, 2022

Domestic

Commercial

    

Pass

$

736,462

$

524,879

$

96,401

$

35,917

$

43,792

$

29,464

$

1,466,915

Special Review

377

213

590

Watch List - Substandard

161

149

143

49

502

Watch List - Doubtful

29,789

954

4

30,747

Total Commercial

$

766,789

$

525,241

$

97,498

$

35,917

$

43,841

$

29,468

$

1,498,754

Commercial real estate: other construction & land development

Pass

$

913,675

$

666,347

$

173,824

$

174,897

$

35,069

$

5,165

$

1,968,977

Special Review

209

209

Watch List - Doubtful

19,982

407

94

20,483

Total Commercial real estate: other construction & land development

$

933,657

$

666,754

$

173,918

$

175,106

$

35,069

$

5,165

$

1,989,669

Commercial real estate: farmland & commercial

 

Pass

$

811,117

$

584,134

$

456,200

$

232,537

$

325,214

$

81,295

$

2,490,497

Special Review

2,855

842

3,697

Watch List - Pass

17,060

247

17,307

Watch List - Substandard

2,275

54,152

96

56,523

Watch List - Doubtful

94

94

Total Commercial real estate: farmland & commercial

$

833,401

$

584,381

$

511,194

$

232,633

$

325,214

$

81,295

$

2,568,118

Commercial real estate: multifamily

 

Pass

$

127,680

$

87,469

$

59,035

$

12,026

$

5,490

$

14,684

$

306,384

Watch List - Doubtful

117

117

Total Commercial real estate: multifamily

$

127,797

$

87,469

$

59,035

$

12,026

$

5,490

$

14,684

$

306,501

Residential: first lien

Pass

$

138,771

$

82,466

$

49,591

$

40,985

$

33,814

$

79,660

$

425,287

Watch List - Substandard

360

360

Watch List - Doubtful

77

77

Total Residential: first lien

$

138,848

$

82,826

$

49,591

$

40,985

$

33,814

$

79,660

$

425,724

Residential: junior lien

Pass

$

92,256

$

108,815

$

91,130

$

41,273

$

21,975

$

84,509

$

439,958

Watch List- Doubtful

312

312

Total Residential: junior lien

$

92,256

$

109,127

$

91,130

$

41,273

$

21,975

$

84,509

$

440,270

Residential: junior lien

Consumer

Pass

$

31,962

$

6,603

$

897

$

489

$

28

$

1,613

$

41,592

Total Consumer

$

31,962

$

6,603

$

897

$

489

$

28

$

1,613

$

41,592

Foreign

 

Pass

$

124,265

$

19,082

$

5,362

$

4,848

$

3,417

$

3,001

$

159,975

Total Foreign

$

124,265

$

19,082

$

5,362

$

4,848

$

3,417

$

3,001

$

159,975

Total Loans

$

3,048,975

$

2,081,483

$

988,625

$

543,277

$

468,848

$

299,395

$

7,430,603

    

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