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Allowance for Credit Losses | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
Allowance for Credit Losses | Allowance for Credit Losses (In Thousands) Allowance for Credit Losses on Loans The following table provides a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented:
| Commercial |  | Real Estate - Construction |  | Real Estate - 1-4 Family Mortgage |  | Real Estate - Commercial Mortgage |  | Lease Financing |  | Installment Loans to Individuals |  | Total
Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 43,980 |  |  | $ | 18,612 |  |  | $ | 47,283 |  |  | $ | 77,020 |  |  | $ | 2,515 |  |  | $ | 9,168 |  |  | $ | 198,578 |
Impact of PCD loans acquired during the period | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Charge-offs | (4,463) |  |  | (145) |  |  | (966) |  |  | (5,737) |  |  | (642) |  |  | (1,856) |  |  | (13,809) |
Recoveries | 1,710 |  |  | — |  |  | 166 |  |  | 2,278 |  |  | 34 |  |  | 1,551 |  |  | 5,739 |
Net charge-offs | (2,753) |  |  | (145) |  |  | (800) |  |  | (3,459) |  |  | (608) |  |  | (305) |  |  | (8,070) |
(Recoveries of) provision for credit losses on loans | (2,700) |  |  | (3,341) |  |  | 1,278 |  |  | 16,643 |  |  | 1,461 |  |  | (2,093) |  |  | 11,248 |
Ending balance | $ | 38,527 |  |  | $ | 15,126 |  |  | $ | 47,761 |  |  | $ | 90,204 |  |  | $ | 3,368 |  |  | $ | 6,770 |  |  | $ | 201,756 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 3,823 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,622 |  |  | $ | 1,337 |  |  | $ | 270 |  |  | $ | 15,052 |
Collectively evaluated | 34,704 |  |  | 15,126 |  |  | 47,761 |  |  | 80,582 |  |  | 2,031 |  |  | 6,500 |  |  | 186,704 |
Ending balance | $ | 38,527 |  |  | $ | 15,126 |  |  | $ | 47,761 |  |  | $ | 90,204 |  |  | $ | 3,368 |  |  | $ | 6,770 |  |  | $ | 201,756 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,712 |  |  | $ | 241 |  |  | $ | 6,576 |  |  | $ | 45,182 |  |  | $ | 4,082 |  |  | $ | 270 |  |  | $ | 66,063 |
Collectively evaluated | 1,876,105 |  |  | 1,093,412 |  |  | 3,482,301 |  |  | 6,190,886 |  |  | 86,509 |  |  | 89,744 |  |  | 12,818,957 |
Ending balance | $ | 1,885,817 |  |  | $ | 1,093,653 |  |  | $ | 3,488,877 |  |  | $ | 6,236,068 |  |  | $ | 90,591 |  |  | $ | 90,014 |  |  | $ | 12,885,020 |
Nonaccruing loans with no allowance for credit losses | $ | 122 |  |  | $ | 241 |  |  | $ | 6,298 |  |  | $ | 14,764 |  |  | $ | 614 |  |  | $ | — |  |  | $ | 22,039 |
| Commercial |  | Real Estate - Construction |  | Real Estate - 1-4 Family Mortgage |  | Real Estate - Commercial Mortgage |  | Lease Financing |  | Installment Loans to Individuals |  | Total
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 44,255 |  |  | $ | 19,114 |  |  | $ | 44,727 |  |  | $ | 71,798 |  |  | $ | 2,463 |  |  | $ | 9,733 |  |  | $ | 192,090 |
Impact of PCD loans acquired during the period | 25 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25 |
Charge-offs | (8,838) |  |  | (57) |  |  | (417) |  |  | (5,568) |  |  | (1,524) |  |  | (2,636) |  |  | (19,040) |
Recoveries | 3,090 |  |  | 48 |  |  | 389 |  |  | 712 |  |  | 18 |  |  | 2,453 |  |  | 6,710 |
Net charge-offs | (5,748) |  |  | (9) |  |  | (28) |  |  | (4,856) |  |  | (1,506) |  |  | (183) |  |  | (12,330) |
Provision for (recoveries of) credit losses on loans | 5,448 |  |  | (493) |  |  | 2,584 |  |  | 10,078 |  |  | 1,558 |  |  | (382) |  |  | 18,793 |
Ending balance | $ | 43,980 |  |  | $ | 18,612 |  |  | $ | 47,283 |  |  | $ | 77,020 |  |  | $ | 2,515 |  |  | $ | 9,168 |  |  | $ | 198,578 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,093 |  |  | $ | — |  |  | $ | 83 |  |  | $ | 1,132 |  |  | $ | — |  |  | $ | 270 |  |  | $ | 10,578 |
Collectively evaluated | 34,887 |  |  | 18,612 |  |  | 47,200 |  |  | 75,888 |  |  | 2,515 |  |  | 8,898 |  |  | 188,000 |
Ending balance | $ | 43,980 |  |  | $ | 18,612 |  |  | $ | 47,283 |  |  | $ | 77,020 |  |  | $ | 2,515 |  |  | $ | 9,168 |  |  | $ | 198,578 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 18,026 |  |  | $ | — |  |  | $ | 11,600 |  |  | $ | 15,705 |  |  | $ | — |  |  | $ | 270 |  |  | $ | 45,601 |
Collectively evaluated | 1,853,795 |  |  | 1,333,397 |  |  | 3,428,319 |  |  | 5,470,845 |  |  | 116,020 |  |  | 103,253 |  |  | 12,305,629 |
Ending balance | $ | 1,871,821 |  |  | $ | 1,333,397 |  |  | $ | 3,439,919 |  |  | $ | 5,486,550 |  |  | $ | 116,020 |  |  | $ | 103,523 |  |  | $ | 12,351,230 |
Nonaccruing loans with no allowance for credit losses | $ | 1,689 |  |  | $ | — |  |  | $ | 10,876 |  |  | $ | 11,027 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,592 |
The Company’s allowance for credit loss model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. While credit metrics remained relatively stable, loan growth caused the Company’s allowance model to indicate that the size of the allowance for credit losses was appropriate during 2024.
Allowance for Credit Losses on Unfunded Loan Commitments The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments included in “Other liabilities” in the Consolidated Balance Sheets for the periods presented.
| Year Ended
| 2024 | 2023
Allowance for credit losses on unfunded loan commitments: |  |
Beginning balance | $ | 16,918 |  | $ | 20,118 |
Recovery of credit losses on unfunded loan commitments | (1,975) |  | (3,200) |
Ending balance | $ | 14,943 |  | $ | 16,918 |

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
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