Allowance for Credit Losses

Loans accounted on non-accrual basis, by loan class


	March 31, 2024		December 31, 2023

	(Dollars in Thousands)
Domestic
Commercial	$	5,445	$	30,872
Commercial real estate: other construction & land development		15,366		15,701
Commercial real estate: farmland & commercial		211		299
Commercial real estate: multifamily		25,151		96
Residential: first lien		149		202
Total non-accrual loans	$	46,322	$	47,170

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



		2024	2023		2022		2021		2020		Prior		Total

	(Dollars in Thousands)
Balance at March 31, 2024
Domestic
Commercial
Pass	$	158,276	$	684,653	$	216,434	$	351,778	$	43,711	$	99,017	$	1,553,869
Special Review		—		7,078		1,604		151		—		—		8,833
Watch List - Pass		—		11,864		—		—		—		—		11,864
Watch List - Substandard		186		985		—		24		—		1		1,196
Watch List - Doubtful		—		303		5,142		—		—		—		5,445
Total Commercial	$	158,462	$	704,883	$	223,180	$	351,953	$	43,711	$	99,018	$	1,581,207
Commercial
Current-period gross writeoffs	$	—	$	2,114	$	25,606	$	19	$	—	$	2	$	27,741
Commercial real estate: other construction & land development
Pass	$	257,510	$	922,226	$	587,224	$	300,974	$	95,175	$	14,867	$	2,177,976
Watch List - Substandard		—		26,090		—		—		—		—		26,090
Watch List - Doubtful		—		2,347		13,019		—		—		—		15,366
Total Commercial real estate: other construction & land development	$	257,510	$	950,663	$	600,243	$	300,974	$	95,175	$	14,867	$	2,219,432
Commercial real estate: farmland & commercial
Pass	$	94,211	$	858,865	$	615,060	$	414,257	$	262,875	$	410,995	$	2,656,263
Special Review		520		173		—		—		—		—		693
Watch List - Pass		16,679		—		—		3,548		—		1		20,228
Watch List - Substandard		—		129,002		2,182		—		2,296		81		133,561
Watch List - Doubtful		—		211		—		—		—		—		211
Total Commercial real estate: farmland & commercial	$	111,410	$	988,251	$	617,242	$	417,805	$	265,171	$	411,077	$	2,810,956
Commercial real estate: multifamily
Pass	$	69,744	$	68,132	$	93,583	$	22,696	$	9,675	$	34,625	$	298,455
Watch List - Doubtful		—		25,064		87		—		—		—		25,151
Total Commercial real estate: multifamily	$	69,744	$	93,196	$	93,670	$	22,696	$	9,675	$	34,625	$	323,606
Residential: first lien
Pass	$	93,678	$	116,839	$	87,788	$	62,974	$	32,588	$	92,443	$	486,310
Watch List - Substandard		—		—		—		324		—		95		419
Watch List - Doubtful		—		—		59		—		—		—		59
Total Residential: first lien	$	93,678	$	116,839	$	87,847	$	63,298	$	32,588	$	92,538	$	486,788
Residential: first lien
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	45	$	45
Residential: junior lien
Pass	$	21,463	$	87,649	$	73,219	$	93,893	$	74,000	$	117,457	$	467,681
Total Residential: junior lien	$	21,463	$	87,649	$	73,219	$	93,893	$	74,000	$	117,457	$	467,681
Consumer
Pass	$	12,653	$	27,389	$	3,646	$	737	$	131	$	1,802	$	46,358
Total Consumer	$	12,653	$	27,389	$	3,646	$	737	$	131	$	1,802	$	46,358
Consumer
Current-period gross writeoffs	$	—	$	29	$	9	$	—	$	—	$	—	$	38
Foreign
Pass	$	34,788	$	86,621	$	36,585	$	11,060	$	1,792	$	5,607	$	176,453
Total Foreign	$	34,788	$	86,621	$	36,585	$	11,060	$	1,792	$	5,607	$	176,453
Total Loans	$	759,708	$	3,055,491	$	1,735,632	$	1,262,416	$	522,243	$	776,991	$	8,112,481



		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: 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: 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
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