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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

Allowance for Credit Losses

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


		Three Months Ended March 31, 2023
		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, 2022		$	26,728		$	44,684		$	36,474		$	3,794		$	4,759		$	8,284		$	281		$	968		$	125,972
Losses charged to allowance			(1,971)			—			—			—			—			(1)			(61)			—			(2,033)
Recoveries credited to allowance			625			311			5			—			7			77			6			—			1,031
Net (losses) recoveries charged to allowance			(1,346)			311			5			—			7			76			(55)			—			(1,002)

Credit loss expense			2,406			5,938			77			190			(207)			(3)			65			121			8,587

Balance at March 31, 2023		$	27,788		$	50,933		$	36,556		$	3,984		$	4,559		$	8,357		$	291		$	1,089		$	133,557


		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


		March 31, 2023
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance

		(Dollars in Thousands)
Domestic
Commercial		$	30,529		$	3,375		$	1,467,573		$	24,413
Commercial real estate: other construction & land development			20,481			70			2,060,657			50,863
Commercial real estate: farmland & commercial			297			—			2,562,801			36,556
Commercial real estate: multifamily			110			—			309,435			3,984
Residential: first lien			74			—			419,481			4,559
Residential: junior lien			318			—			439,036			8,357
Consumer			—			—			43,390			291
Foreign			—			—			177,591			1,089

Total		$	51,809		$	3,445		$	7,479,964		$	130,112


		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

Loans accounted on non-accrual basis, by loan class


		March 31, 2023			December 31, 2022

		(Dollars in Thousands)
Domestic
Commercial		$	30,529		$	30,747
Commercial real estate: other construction & land development			20,481			20,483
Commercial real estate: farmland & commercial			297			94
Commercial real estate: multifamily			110			117
Residential: first lien			215			207
Total non-accrual loans		$	51,632		$	51,648

Loans accounted for as trouble debt restructuring, by loan class


		December 31, 2022
		(Dollars in Thousands)
Domestic
Residential: first lien		$	1,642
Residential: junior lien			714
Consumer			802
Foreign			55
Total troubled debt restructuring		$	3,213

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


		March 31, 2023
											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		$	2,162		$	217		$	30,549		$	121		$	32,928		$	1,465,174		$	1,498,102
Commercial real estate: other construction & land development			14,242			—			19,982			—			34,224			2,046,914			2,081,138
Commercial real estate: farmland & commercial			594			4,565			—			—			5,159			2,557,940			2,563,099
Commercial real estate: multifamily			233			—			—			—			233			309,311			309,544
Residential: first lien			1,189			1,153			3,097			2,864			5,439			414,116			419,555
Residential: junior lien			1,235			258			2,051			2,051			3,544			435,810			439,354
Consumer			270			30			12			12			312			43,078			43,390
Foreign			598			11			581			581			1,190			176,401			177,591
Total past due loans		$	20,523		$	6,234		$	56,272		$	5,629		$	83,029		$	7,448,744		$	7,531,773


		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

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



			2023		2022			2021			2020			2019			Prior			Total

		(Dollars in Thousands)
Balance at March 31, 2023
Domestic
Commercial
Pass		$	263,913		$	530,585		$	452,955		$	87,039		$	32,481		$	68,318		$	1,435,291
Special Review			—			371			201			—			—			—			572
Watch List - Substandard			218			28,889			130			—			19			2,454			31,710
Watch List - Doubtful			—			29,789			—			739			—			1			30,529
Total Commercial		$	264,131		$	589,634		$	453,286		$	87,778		$	32,500		$	70,773		$	1,498,102
Commercial real estate: other construction & land development
Pass		$	341,573		$	840,168		$	530,211		$	186,626		$	124,467		$	37,404		$	2,060,449
Special Review			—			—			—			—			208			—			208
Watch List - Doubtful			—			19,982			407			92			—			—			20,481
Total Commercial real estate: other construction & land development		$	341,573		$	860,150		$	530,618		$	186,718		$	124,675		$	37,404		$	2,081,138
Commercial real estate: farmland & commercial
Pass		$	294,941		$	723,848		$	534,498		$	353,714		$	228,974		$	336,205		$	2,472,180
Special Review			—			173			—			835			—			—			1,008
Watch List - Pass			—			16,986			243			—			—			—			17,229
Watch List - Substandard			—			54,038			4,556			2,486			93			11,212			72,385
Watch List - Doubtful			—			91			—			—			—			206			297
Total Commercial real estate: farmland & commercial		$	294,941		$	795,136		$	539,297		$	357,035		$	229,067		$	347,623		$	2,563,099
Commercial real estate: multifamily
Pass		$	45,117		$	125,030		$	50,142		$	58,802		$	11,427		$	18,916		$	309,434
Watch List - Doubtful			—			110			—			—			—			—			110
Total Commercial real estate: multifamily		$	45,117		$	125,140		$	50,142		$	58,802		$	11,427		$	18,916		$	309,544
Residential: first lien
Pass		$	71,028		$	97,907		$	76,400		$	45,354		$	32,016		$	96,356		$	419,061
Watch List - Substandard			—			—			354			66			—			—			420
Watch List - Doubtful			—			74			—			—			—			—			74
Total Residential: first lien		$	71,028		$	97,981		$	76,754		$	45,420		$	32,016		$	96,356		$	419,555
Residential: junior lien
Pass		$	15,944		$	90,944		$	103,512		$	86,758		$	39,295		$	102,583		$	439,036
Watch List- Doubtful			—			318			—			—			—			—			318
Total Residential: junior lien		$	15,944		$	91,262		$	103,512		$	86,758		$	39,295		$	102,583		$	439,354
Residential: junior lien
Consumer
Pass		$	12,176		$	24,278		$	4,412		$	542		$	344		$	1,638		$	43,390
Total Consumer		$	12,176		$	24,278		$	4,412		$	542		$	344		$	1,638		$	43,390
Foreign
Pass		$	27,135		$	119,493		$	15,902		$	4,996		$	4,479		$	5,586		$	177,591
Total Foreign		$	27,135		$	119,493		$	15,902		$	4,996		$	4,479		$	5,586		$	177,591
Total Loans		$	1,072,045		$	2,703,074		$	1,773,923		$	828,049		$	473,803		$	680,879		$	7,531,773



			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
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
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