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Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2023

Allowance for Credit Losses

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


		December 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			(9,664)			—			—			—			(43)			(298)			(179)			—			(10,184)
Recoveries credited to allowance			5,433			837			143			—			16			260			16			—			6,705
Net losses charged to allowance			(4,231)			837			143			—			(27)			(38)			(163)			—			(3,479)
Provision (credit) charged to operations			13,053			9,770			6,086			1,294			1,080			2,778			200			315			34,576
Balance at December 31, 2023		$	35,550		$	55,291		$	42,703		$	5,088		$	5,812		$	11,024		$	318		$	1,283		$	157,069


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

		(Dollars in Thousands)
Domestic
Commercial		$	30,872		$	7,971		$	1,597,358		$	27,579
Commercial real estate: other construction & land development			15,701			4,320			2,075,921			50,971
Commercial real estate: farmland & commercial			299			—			2,793,254			42,703
Commercial real estate: multifamily			96			—			380,743			5,088
Residential: first lien			93			—			477,940			5,812
Residential: junior lien			—			—			460,868			11,024
Consumer			—			—			45,121			318
Foreign			—			—			180,695			1,283

Total		$	47,061		$	12,291		$	8,011,900		$	144,778


		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


		December 31, 2023			December 31, 2022

		(Dollars in Thousands)
Domestic
Commercial		$	30,872		$	30,747
Commercial real estate: other construction & land development			15,701			20,483
Commercial real estate: farmland & commercial			299			94
Commercial real estate: multifamily			96			117
Residential: first lien			202			207
Total non-accrual loans		$	47,170		$	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


		December 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		$	2,387		$	1,583		$	30,238		$	539		$	34,208		$	1,594,022		$	1,628,230
Commercial real estate: other construction & land development			3,460			—			10,245			—			13,705			2,077,917			2,091,622
Commercial real estate: farmland & commercial			1,424			371			93			4			1,888			2,791,665			2,793,553
Commercial real estate: multifamily			369			330			—			—			699			380,140			380,839
Residential: first lien			1,812			1,439			2,545			2,437			5,796			472,236			478,032
Residential: junior lien			1,273			613			1,701			1,701			3,587			457,282			460,869
Consumer			263			11			27			27			301			44,820			45,121
Foreign			1,884			848			889			889			3,621			177,074			180,695
Total past due loans		$	12,872		$	5,195		$	45,738		$	5,597		$	63,805		$	7,995,156		$	8,058,961


		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 December 31, 2023
Domestic
Commercial
Pass		$	791,233		$	272,919		$	364,271		$	50,602		$	21,468		$	74,119		$	1,574,612
Special Review			7,613			1,800			164			—			—			—			9,577
Watch List - Pass			11,865			—			—			—			—			—			11,865
Watch List - Substandard			1,180			92			28			—			—			4			1,304
Watch List - Doubtful			27			30,810			35			—			—			—			30,872
Total Commercial		$	811,918		$	305,621		$	364,498		$	50,602		$	21,468		$	74,123		$	1,628,230
Commercial
Current-period gross writeoffs		$	7,053		$	2,187		$	155		$	264		$	2		$	3		$	9,664
Commercial real estate: other construction & land development
Pass		$	938,739		$	674,037		$	324,238		$	96,400		$	14,058		$	3,219		$	2,050,691
Watch List - Substandard			25,230			—			—			—			—			—			25,230
Watch List - Doubtful			2,726			12,975			—			—			—			—			15,701
Total Commercial real estate: other construction & land development		$	966,695		$	687,012		$	324,238		$	96,400		$	14,058		$	3,219		$	2,091,622
Commercial real estate: other construction & land development
Commercial real estate: farmland & commercial
Pass		$	888,878		$	628,653		$	415,458		$	267,705		$	184,164		$	248,626		$	2,633,484
Special Review			5,205			—			3,357			—			—			—			8,562
Watch List - Pass			16,654			87			233			—			—			—			16,974
Watch List - Substandard			129,644			2,201			—			2,304			84			1			134,234
Watch List - Doubtful			211			88			—			—			—			—			299
Total Commercial real estate: farmland & commercial		$	1,040,592		$	631,029		$	419,048		$	270,009		$	184,248		$	248,627		$	2,793,553
Commercial real estate: farmland & commercial
Commercial real estate: multifamily
Pass		$	123,523		$	94,551		$	42,081		$	73,652		$	10,743		$	36,193		$	380,743
Watch List - Doubtful			—			96			—			—			—			—			96
Total Commercial real estate: multifamily		$	123,523		$	94,647		$	42,081		$	73,652		$	10,743		$	36,193		$	380,839
Commercial real estate: multifamily
Residential: first lien
Pass		$	180,127		$	83,568		$	68,082		$	39,935		$	27,499		$	78,306		$	477,517
Watch List - Substandard			—			—			327			—			—			95			422
Watch List - Doubtful			—			93			—			—			—			—			93
Total Residential: first lien		$	180,127		$	83,661		$	68,409		$	39,935		$	27,499		$	78,401		$	478,032
Residential: first lien
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	43		$	43
Residential: junior lien
Pass		$	88,628		$	76,845		$	96,411		$	76,490		$	34,870		$	87,625		$	460,869
Total Residential: junior lien		$	88,628		$	76,845		$	96,411		$	76,490		$	34,870		$	87,625		$	460,869
Residential: junior lien
Current-period gross writeoffs		$	—		$	—		$	—		$	—		$	—		$	298		$	298
Consumer
Pass		$	36,639		$	5,366		$	1,043		$	237		$	157		$	1,679		$	45,121
Total Consumer		$	36,639		$	5,366		$	1,043		$	237		$	157		$	1,679		$	45,121
Consumer
Current-period gross writeoffs		$	54		$	115		$	9		$	—		$	1		$	—		$	179
Foreign
Pass		$	116,104		$	43,842		$	12,317		$	2,016		$	2,797		$	3,619		$	180,695
Total Foreign		$	116,104		$	43,842		$	12,317		$	2,016		$	2,797		$	3,619		$	180,695
Total Loans		$	3,364,226		$	1,928,023		$	1,328,045		$	609,341		$	295,840		$	533,486		$	8,058,961



			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