XML 33 R23.htm IDEA: XBRL DOCUMENT

Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Allowance for Credit Losses

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


		Three Months Ended September 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 June 30, 2023		$	27,645		$	53,064		$	38,688		$	4,106		$	5,092		$	10,442		$	286		$	1,180		$	140,503
Losses charged to allowance			(2,373)			—			—			—			(43)			(118)			(35)			—			(2,569)
Recoveries credited to allowance			518			—			6			—			7			63			2			—			596
Net (losses) recoveries charged to allowance			(1,855)			—			6			—			(36)			(55)			(33)			—			(1,973)

Credit loss expense			8,063			(1,967)			3,190			422			481			206			45			36			10,476

Balance at September 30, 2023		$	33,853		$	51,097		$	41,884		$	4,528		$	5,537		$	10,593		$	298		$	1,216		$	149,006


		Three Months Ended September 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 June 30, 2022		$	25,577		$	36,713		$	35,270		$	2,856		$	4,137		$	6,894		$	270		$	855		$	112,572

Losses charged to allowance			(2,568)			—			—			—			(3)			—			(55)			—			(2,626)
Recoveries credited to allowance			562			100			7			—			13			27			15			—			724
Net (losses) recoveries charged to allowance			(2,006)			100			7			—			10			27			(40)			—			(1,902)

Credit loss expense			1,273			5,255			(303)			237			540			1,351			62			110			8,525

Balance at September 30, 2022		$	24,844		$	42,068		$	34,974		$	3,093		$	4,687		$	8,272		$	292		$	965		$	119,195


		Nine Months Ended September 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			(7,136)			—			—			—			(43)			(283)			(122)			—			(7,584)
Recoveries credited to allowance			1,699			837			17			—			15			155			16			—			2,739
Net (losses) recoveries charged to allowance			(5,437)			837			17			—			(28)			(128)			(106)			—			(4,845)

Credit loss expense			12,562			5,576			5,393			734			806			2,437			123			248			27,879

Balance at September 30, 2023		$	33,853		$	51,097		$	41,884		$	4,528		$	5,537		$	10,593		$	298		$	1,216		$	149,006


		Nine Months Ended September 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			(6,681)			(2)			—			—			(159)			(28)			(177)			—			(7,047)
Recoveries credited to allowance			1,672			103			21			—			211			89			31			—			2,127
Net (losses) recoveries charged to allowance			(5,009)			101			21			—			52			61			(146)			—			(4,920)

Credit loss expense			6,675			6,577			(701)			(198)			562			457			166			203			13,741

Balance at September 30, 2022		$	24,844		$	42,068		$	34,974		$	3,093		$	4,687		$	8,272		$	292		$	965		$	119,195


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

		(Dollars in Thousands)
Domestic
Commercial		$	31,269		$	7,581		$	1,525,558		$	26,272
Commercial real estate: other construction & land development			10,087			70			2,116,215			51,027
Commercial real estate: farmland & commercial			298			—			2,746,375			41,884
Commercial real estate: multifamily			100			—			333,570			4,528
Residential: first lien			105			—			456,292			5,537
Residential: junior lien			318			—			450,900			10,593
Consumer			—			—			44,767			298
Foreign			—			—			181,045			1,216

Total		$	42,177		$	7,651		$	7,854,722		$	141,355


		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


		September 30, 2023			December 31, 2022

		(Dollars in Thousands)
Domestic
Commercial		$	31,269		$	30,747
Commercial real estate: other construction & land development			10,087			20,483
Commercial real estate: farmland & commercial			298			94
Commercial real estate: multifamily			100			117
Residential: first lien			243			207
Total non-accrual loans		$	41,997		$	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


		September 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		$	2,529		$	354		$	31,284		$	89		$	34,167		$	1,522,660		$	1,556,827
Commercial real estate: other construction & land development			9,292			200			10,001			—			19,493			2,106,809			2,126,302
Commercial real estate: farmland & commercial			1,329			138			—			—			1,467			2,745,206			2,746,673
Commercial real estate: multifamily			435			—			—			—			435			333,235			333,670
Residential: first lien			2,764			1,211			2,323			2,160			6,298			450,099			456,397
Residential: junior lien			1,330			648			1,805			1,805			3,783			447,435			451,218
Consumer			354			59			80			80			493			44,274			44,767
Foreign			729			12			546			546			1,287			179,758			181,045
Total past due loans		$	18,762		$	2,622		$	46,039		$	4,680		$	67,423		$	7,829,476		$	7,896,899


		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 September 30, 2023
Domestic
Commercial
Pass		$	639,440		$	365,072		$	374,408		$	55,848		$	22,620		$	66,219		$	1,523,607
Special Review			344			—			177			—			—			—			521
Watch List - Substandard			1,145			180			95			—			10			—			1,430
Watch List - Doubtful			—			31,180			89			—			—			—			31,269
Total Commercial		$	640,929		$	396,432		$	374,769		$	55,848		$	22,630		$	66,219		$	1,556,827
Commercial
Current-period gross writeoffs		$	4,747		$	2,112		$	10		$	264		$	1		$	2		$	7,136
Commercial real estate: other construction & land development
Pass		$	787,509		$	703,627		$	360,600		$	158,043		$	71,766		$	3,526		$	2,085,071
Special Review			—			—			9,230			—			207			—			9,437
Watch List - Substandard			18,835			2,872			—			—			—			—			21,707
Watch List - Doubtful			86			10,001			—			—			—			—			10,087
Total Commercial real estate: other construction & land development		$	806,430		$	716,500		$	369,830		$	158,043		$	71,973		$	3,526		$	2,126,302
Commercial real estate: other construction & land development
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial real estate: farmland & commercial
Pass		$	703,208		$	666,498		$	435,773		$	311,648		$	187,792		$	284,923		$	2,589,842
Special Review			694			—			8,670			—			—			—			9,364
Watch List - Pass			21,297			87			235			—			—			—			21,619
Watch List - Substandard			120,796			2,220			—			2,447			87			—			125,550
Watch List - Doubtful			211			87			—			—			—			—			298
Total Commercial real estate: farmland & commercial		$	846,206		$	668,892		$	444,678		$	314,095		$	187,879		$	284,923		$	2,746,673
Commercial real estate: farmland & commercial
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial real estate: multifamily
Pass		$	115,982		$	94,366		$	42,244		$	32,487		$	11,223		$	37,268		$	333,570
Watch List - Doubtful			—			100			—			—			—			—			100
Total Commercial real estate: multifamily		$	115,982		$	94,466		$	42,244		$	32,487		$	11,223		$	37,268		$	333,670
Commercial real estate: multifamily
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential: first lien
Pass		$	147,037		$	86,132		$	70,085		$	41,074		$	29,566		$	82,063		$	455,957
Watch List - Substandard			—			—			335			—			—			—			335
Watch List - Doubtful			—			105			—			—			—			—			105
Total Residential: first lien		$	147,037		$	86,237		$	70,420		$	41,074		$	29,566		$	82,063		$	456,397
Residential: first lien
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	43		$	43
Residential: junior lien
Pass		$	63,987		$	80,318		$	99,826		$	78,783		$	35,860		$	92,126		$	450,900
Watch List- Doubtful			318			—			—			—			—			—			318
Total Residential: junior lien		$	64,305		$	80,318		$	99,826		$	78,783		$	35,860		$	92,126		$	451,218
Residential: junior lien
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	283		$	283
Consumer
Pass		$	31,491		$	9,939		$	1,471		$	280		$	183		$	1,403		$	44,767
Total Consumer		$	31,491		$	9,939		$	1,471		$	280		$	183		$	1,403		$	44,767
Consumer
Current-period gross writeoffs		$	22		$	92		$	7		$	—		$	—		$	1		$	122
Foreign
Pass		$	105,172		$	54,073		$	13,085		$	2,109		$	2,860		$	3,746		$	181,045
Total Foreign		$	105,172		$	54,073		$	13,085		$	2,109		$	2,860		$	3,746		$	181,045
Foreign
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Loans		$	2,757,552		$	2,106,857		$	1,416,323		$	682,719		$	362,174		$	571,274		$	7,896,899



			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