Allowance for Credit Losses

Loans accounted on non-accrual basis, by loan class


	June 30, 2024		December 31, 2023

	(Dollars in Thousands)
Domestic
Commercial	$	1,377	$	30,872
Commercial real estate: other construction & land development		10,029		15,701
Commercial real estate: farmland & commercial		51,915		299
Commercial real estate: multifamily		38,645		96
Residential: first lien		173		202
Total non-accrual loans	$	102,139	$	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 June 30, 2024
Domestic
Commercial
Pass	$	428,054	$	559,120	$	152,661	$	290,204	$	42,125	$	96,681	$	1,568,845
Special Review		—		1,872		—		138		—		—		2,010
Watch List - Pass		—		11,760		—		—		—		—		11,760
Watch List - Substandard		183		947		35		19		—		1		1,185
Watch List - Doubtful		78		308		991		—		—		—		1,377
Total Commercial	$	428,315	$	574,007	$	153,687	$	290,361	$	42,125	$	96,682	$	1,585,177
Commercial
Current-period gross writeoffs	$	1,768	$	2,288	$	25,620	$	27	$	14	$	3	$	29,720
Commercial real estate: other construction & land development
Pass	$	512,208	$	916,247	$	506,150	$	276,944	$	44,154	$	10,949	$	2,266,652
Special Review		—		17,370		—		—		—		—		17,370
Watch List - Substandard		178		9,460		—		—		—		—		9,638
Watch List - Doubtful		78		—		9,952		—		—		—		10,030
Total Commercial real estate: other construction & land development	$	512,464	$	943,077	$	516,102	$	276,944	$	44,154	$	10,949	$	2,303,690
Commercial real estate: other construction & land development
Current-period gross writeoffs	$	—	$	1,146	$	1,082	$	—	$	—	$	—	$	2,228
Commercial real estate: farmland & commercial
Pass	$	443,421	$	734,880	$	579,702	$	361,011	$	253,124	$	344,498	$	2,716,636
Special Review		693		68,156		—		—		—		—		68,849
Watch List - Pass		16,504		—		—		220		—		—		16,724
Watch List - Substandard		—		8,781		2,170		—		2,277		40		13,268
Watch List - Doubtful		51,915		—		—		—		—		—		51,915
Total Commercial real estate: farmland & commercial	$	512,533	$	811,817	$	581,872	$	361,231	$	255,401	$	344,538	$	2,867,392
Commercial real estate: multifamily
Pass	$	53,481	$	17,385	$	90,883	$	22,517	$	60,011	$	34,212	$	278,489
Watch List - Doubtful		13,500		25,064		81		—		—		—		38,645
Total Commercial real estate: multifamily	$	66,981	$	42,449	$	90,964	$	22,517	$	60,011	$	34,212	$	317,134
Residential: first lien
Pass	$	122,822	$	113,107	$	85,626	$	60,962	$	31,390	$	84,279	$	498,186
Watch List - Substandard		97		—		—		312		—		—		409
Watch List - Doubtful		—		—		55		—		—		—		55
Total Residential: first lien	$	122,919	$	113,107	$	85,681	$	61,274	$	31,390	$	84,279	$	498,650
Residential: first lien
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	46	$	46
Residential: junior lien
Pass	$	45,871	$	80,297	$	69,827	$	90,926	$	71,044	$	111,177	$	469,142
Total Residential: junior lien	$	45,871	$	80,297	$	69,827	$	90,926	$	71,044	$	111,177	$	469,142
Consumer
Pass	$	23,740	$	18,735	$	2,218	$	642	$	87	$	1,532	$	46,954
Total Consumer	$	23,740	$	18,735	$	2,218	$	642	$	87	$	1,532	$	46,954
Consumer
Current-period gross writeoffs	$	4	$	66	$	19	$	—	$	—	$	1	$	90
Foreign
Pass	$	83,144	$	57,860	$	21,027	$	10,745	$	1,641	$	5,271	$	179,688
Total Foreign	$	83,144	$	57,860	$	21,027	$	10,745	$	1,641	$	5,271	$	179,688
Foreign
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Loans	$	1,795,967	$	2,641,349	$	1,521,378	$	1,114,640	$	505,853	$	688,640	$	8,267,827



		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