XML 33 R23.htm IDEA: XBRL DOCUMENT

Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

Allowance for Credit Losses

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


		Three Months Ended June 30, 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 March 31, 2023		$	27,788		$	50,933		$	36,556		$	3,984		$	4,559		$	8,357		$	291		$	1,089		$	133,557
Losses charged to allowance			(2,792)			—			—			—			—			(164)			(26)			—			(2,982)
Recoveries credited to allowance			556			526			6			—			1			15			8			—			1,112
Net (losses) recoveries charged to allowance			(2,236)			526			6			—			1			(149)			(18)			—			(1,870)

Credit loss expense			2,093			1,605			2,126			122			532			2,234			13			91			8,816

Balance at June 30, 2023		$	27,645		$	53,064		$	38,688		$	4,106		$	5,092		$	10,442		$	286		$	1,180		$	140,503


		Three Months Ended June 30, 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 March 31, 2022		$	23,901		$	36,372		$	34,854		$	3,062		$	4,016		$	7,046		$	264		$	712		$	110,227

Losses charged to allowance			(2,001)			—			—			—			(57)			—			(34)			—			(2,092)
Recoveries credited to allowance			508			1			6			—			168			14			5			—			702
Net (losses) recoveries charged to allowance			(1,493)			1			6			—			111			14			(29)			—			(1,390)

Credit loss expense			3,169			340			410			(206)			10			(166)			35			143			3,735

Balance at June 30, 2022		$	25,577		$	36,713		$	35,270		$	2,856		$	4,137		$	6,894		$	270		$	855		$	112,572


		Six Months Ended June 30, 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			(4,763)			—			—			—			—			(165)			(87)			—			(5,015)
Recoveries credited to allowance			1,181			837			11			—			8			92			14			—			2,143
Net (losses) recoveries charged to allowance			(3,582)			837			11			—			8			(73)			(73)			—			(2,872)

Credit loss expense			4,499			7,543			2,203			312			325			2,231			78			212			17,403

Balance at June 30, 2023		$	27,645		$	53,064		$	38,688		$	4,106		$	5,092		$	10,442		$	286		$	1,180		$	140,503


		Six Months Ended June 30, 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			(4,113)			(2)			—			—			(156)			(28)			(122)			—			(4,421)
Recoveries credited to allowance			1,110			3			14			—			198			62			16			—			1,403
Net (losses) recoveries charged to allowance			(3,003)			1			14			—			42			34			(106)			—			(3,018)

Credit loss expense			5,402			1,322			(398)			(435)			22			(894)			104			93			5,216

Balance at June 30, 2022		$	25,577		$	36,713		$	35,270		$	2,856		$	4,137		$	6,894		$	270		$	855		$	112,572


		June 30, 2023
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance

		(Dollars in Thousands)
Domestic
Commercial		$	31,312		$	3,010		$	1,421,885		$	24,635
Commercial real estate: other construction & land development			10,173			70			2,192,014			52,994
Commercial real estate: farmland & commercial			287			—			2,518,383			38,688
Commercial real estate: multifamily			108			—			308,061			4,106
Residential: first lien			70			—			418,831			5,092
Residential: junior lien			318			—			447,208			10,442
Consumer			—			—			43,411			286
Foreign			—			—			181,016			1,180

Total		$	42,268		$	3,080		$	7,530,809		$	137,423


		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


		June 30, 2023			December 31, 2022

		(Dollars in Thousands)
Domestic
Commercial		$	31,312		$	30,747
Commercial real estate: other construction & land development			10,173			20,483
Commercial real estate: farmland & commercial			287			94
Commercial real estate: multifamily			108			117
Residential: first lien			203			207
Total non-accrual loans		$	42,083		$	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


		June 30, 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		$	14,411		$	1,584		$	29,975		$	167		$	45,970		$	1,407,227		$	1,453,197
Commercial real estate: other construction & land development			629			98			10,085			—			10,812			2,191,375			2,202,187
Commercial real estate: farmland & commercial			745			—			—			—			745			2,517,925			2,518,670
Commercial real estate: multifamily			45			108			—			—			153			308,016			308,169
Residential: first lien			3,338			758			2,713			2,588			6,809			412,093			418,902
Residential: junior lien			1,344			299			1,278			1,278			2,921			444,604			447,525
Consumer			255			19			6			6			280			43,131			43,411
Foreign			184			226			374			374			784			180,232			181,016
Total past due loans		$	20,951		$	3,092		$	44,431		$	4,413		$	68,474		$	7,504,603		$	7,573,077


		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 June 30, 2023
Domestic
Commercial
Pass		$	389,737		$	432,583		$	423,509		$	58,607		$	25,484		$	65,813		$	1,395,733
Special Review			—			300			189			—			—			—			489
Watch List - Substandard			23,992			1,543			113			—			15			—			25,663
Watch List - Doubtful			32			31,280			—			—			—			—			31,312
Total Commercial		$	413,761		$	465,706		$	423,811		$	58,607		$	25,499		$	65,813		$	1,453,197
Commercial
Current-period gross writeoffs		$	2,443		$	2,045		$	9		$	264		$	—		$	2		$	4,763
Commercial real estate: other construction & land development
Pass		$	650,337		$	713,105		$	479,217		$	166,136		$	129,419		$	30,999		$	2,169,213
Special Review			20,094			2,500			—			—			207			—			22,801
Watch List - Doubtful			88			10,085			—			—			—			—			10,173
Total Commercial real estate: other construction & land development		$	670,519		$	725,690		$	479,217		$	166,136		$	129,626		$	30,999		$	2,202,187
Commercial real estate: other construction & land development
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial real estate: farmland & commercial
Pass		$	427,809		$	681,701		$	418,069		$	317,679		$	210,586		$	314,081		$	2,369,925
Special Review			69,450			—			—			829			—			—			70,279
Watch List - Pass			16,722			88			239			—			—			—			17,049
Watch List - Substandard			56,333			2,232			—			2,473			91			1			61,130
Watch List - Doubtful			198			89			—			—			—			—			287
Total Commercial real estate: farmland & commercial		$	570,512		$	684,110		$	418,308		$	320,981		$	210,677		$	314,082		$	2,518,670
Commercial real estate: farmland & commercial
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial real estate: multifamily
Pass		$	54,095		$	123,832		$	43,201		$	58,737		$	11,321		$	16,875		$	308,061
Watch List - Doubtful			—			108			—			—			—			—			108
Total Commercial real estate: multifamily		$	54,095		$	123,940		$	43,201		$	58,737		$	11,321		$	16,875		$	308,169
Commercial real estate: multifamily
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential: first lien
Pass		$	93,380		$	91,403		$	72,269		$	43,195		$	30,667		$	87,575		$	418,489
Watch List - Substandard			—			—			343			—			—			—			343
Watch List - Doubtful			—			70			—			—			—			—			70
Total Residential: first lien		$	93,380		$	91,473		$	72,612		$	43,195		$	30,667		$	87,575		$	418,902
Residential: first lien
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential: junior lien
Pass		$	40,329		$	86,506		$	103,393		$	81,966		$	37,583		$	97,430		$	447,207
Watch List- Doubtful			318			—			—			—			—			—			318
Total Residential: junior lien		$	40,647		$	86,506		$	103,393		$	81,966		$	37,583		$	97,430		$	447,525
Residential: junior lien
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	165		$	165
Consumer
Pass		$	22,184		$	15,853		$	3,187		$	441		$	228		$	1,518		$	43,411
Total Consumer		$	22,184		$	15,853		$	3,187		$	441		$	228		$	1,518		$	43,411
Consumer
Current-period gross writeoffs		$	9		$	73		$	4		$	—		$	—		$	1		$	87
Foreign
Pass		$	60,834		$	91,375		$	14,995		$	4,598		$	3,974		$	5,240		$	181,016
Total Foreign		$	60,834		$	91,375		$	14,995		$	4,598		$	3,974		$	5,240		$	181,016
Foreign
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Loans		$	1,925,932		$	2,284,653		$	1,558,724		$	734,661		$	449,575		$	619,532		$	7,573,077



			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