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Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Composition of Loan Portfolio

The composition of the loan portfolio is as follows as of the periods indicated:

			September 30,						December 31,
			2024						2023
			(dollars in thousands; unaudited)
Community Bank
Commercial and industrial loans			$	152,161					$	149,502
Real estate loans:
Construction, land and land development loans			163,051						157,100
Residential real estate loans			212,467						225,391
Commercial real estate loans			1,362,452						1,303,533
Consumer and other loans:
Other consumer and other loans			14,173						1,628
Gross Community Bank loans receivable			1,904,304						1,837,154
CCBX
Commercial and industrial loans:
Capital call lines			$	103,924					$	87,494
All other commercial & industrial loans			36,494						54,298
Real estate loans:
Residential real estate loans			265,402						238,035
Consumer and other loans:
Credit cards			633,691						505,837
Other consumer and other loans			482,228						310,574
Gross CCBX loans receivable			1,521,739						1,196,238
Total gross loans receivable			3,426,043						3,033,392
Net deferred origination fees and premiums			(7,211)						(7,300)
Loans receivable			$	3,418,832					$	3,026,092

Summary of an Age Analysis of Past Due Loans

The following table illustrates an age analysis of past due loans as of the dates indicated:

			30-89 Days Past Due						90 Days or More Past Due						Total Past Due						Current						Total Loans						90 Days or More Past Due and Still Accruing
			(dollars in thousands; unaudited)
September 30, 2024
Community Bank
Commercial and industrial    loans			$	271					$	—					$	271					$	151,890					$	152,161					$	—
Real estate loans:
Construction, land and    land development			—						—						—						163,051						163,051						—
Residential real estate			—						45						45						212,422						212,467						—
Commercial real estate			—						831						831						1,361,621						1,362,452						—
Consumer and other loans			2						—						2						14,171						14,173						—
Total community bank			$	273					$	876					$	1,149					$	1,903,155					$	1,904,304					$	—
CCBX
Commercial and industrial loans:
Capital call lines			$	—					$	—					$	—					$	103,924					$	103,924					$	—
All other commercial &    industrial loans			2,496						1,593						4,089						32,405						36,494						1,566
Real estate loans:
Residential real    estate loans			3,648						3,025						6,673						$	258,729					$	265,402					3,025
Consumer and other loans:
Credit cards			30,476						37,269						67,745						$	565,946					$	633,691					34,562
Other consumer and    other loans			21,534						6,412						27,946						454,282						482,228						6,111
Total CCBX			$	58,154					$	48,299					$	106,453					$	1,415,286					$	1,521,739					$	45,264
Total Consolidated			$	58,427					$	49,175					$	107,602					$	3,318,441					3,426,043						$	45,264
Less net deferred    origination fees and    premiums																											(7,211)
Loans receivable																											$	3,418,832

			30-89 Days Past Due						90 Days or More Past Due						Total Past Due						Current						Total Loans						90 Days or More Past Due and Still Accruing
			(dollars in thousands; unaudited)
December 31, 2023
Community Bank
Commercial and industrial    loans			$	—					$	—					$	—					$	149,502					$	149,502					$	—
Real estate loans:
Construction, land and    land development			—						—						—						157,100						157,100						—
Residential real estate			44						—						44						225,347						225,391						—
Commercial real estate			—						7,145						7,145						1,296,388						1,303,533						—
Consumer and other loans			2						—						2						1,626						1,628						—
Total community bank			$	46					$	7,145					$	7,191					$	1,829,963					$	1,837,154					$	—
CCBX
Commercial and industrial loans:
Capital call lines			$	—					$	—					$	—					$	87,494					$	87,494					$	—
All other commercial &    industrial loans			3,433						2,086						5,519						48,779						54,298						2,086
Real estate loans:
Residential real    estate loans			3,198						1,115						4,313						$	233,722					$	238,035					$	1,115
Consumer and other loans:
Credit cards			28,383						34,835						63,218						$	442,619					$	505,837					$	34,835
Other consumer and    other loans			29,645						8,488						38,133						$	272,441					$	310,574					$	8,488
Total CCBX			64,659						46,524						111,183						1,085,055						1,196,238						46,524
Total Consolidated			64,705						53,669						118,374						2,915,018						3,033,392						46,524
Less net deferred    origination fees and    premiums																											(7,300)
Loans receivable																											$	3,026,092

Analysis of Nonaccrual Loans by Category

An analysis of nonaccrual loans by category consisted of the following at the periods indicated:

			September 30,												December 31,
			2024												2023
			Total Nonaccrual			Nonaccrual with No ACL			Nonaccrual with ACL						Total Nonaccrual			Nonaccrual with No ACL
			(dollars in thousands; unaudited)
Community Bank
Commercial and industrial loans			$	198		$	—		$	198					$	—		$	—
Real estate loans:
Residential real estate			44			44			—						170			170
Commercial real estate			831			831			—						7,145			7,145
Total Community Bank nonaccrual loans			$	1,073		$	875		$	198					$	7,315		$	7,315
CCBX
Commercial and industrial loans			$	333		$	—		$	333					$	—		$	—
Consumer and other loans:
Credit cards			7,987			—			7,987						—			—
Consumer and other consumer loans			11,713			—			11,713						—			—
Total CCBX nonaccrual loans			$	20,033		$	—		$	20,033					$	—		$	—
Total Consolidated nonaccrual loans			$	21,106		$	875		$	20,231					$	7,315		$	7,315

Financing Receivable, Modified

The following table presents the CCBX loans at September 30, 2024 that were both experiencing financial difficulty and were modified during the twelve months prior to September 30, 2024 by class and by type of modification. The percentage of the loans that were modified to borrowers in financial distress as compared to the total CCBX loans of each class is also presented below.

			Principal Forgiveness												Term Extension						Interest Rate Reduction						Principal Forgiveness & Payment Delay																		Principal Forgiveness, Payment Delay & Term Extension						Total						Total Class of Financing Receivable
			(dollars in thousands; unaudited)
CCBX
Commercial and industrial loans:
All other commercial & industrial loans			$	—											$	1,830					$	—					$	333																	$	—					$	2,163					5.93		%
Consumer and other loans:
Credit cards			7,991												—						12,119						—																		—						20,110						3.17
Other consumer and other loans			—												6,993						—						8,559																		341						15,893						3.30
Total			$	7,991											$	8,823					$	12,119					$	8,892																	$	341					$	38,166					1.12		%

The following table presents the performance of such loans that have been modified in the last 12 months:

			30-89 Days Past Due						90 Days or More Past Due						Total Past Due
			(dollars in thousands; unaudited)
CCBX
Commercial and industrial loans:
All other commercial & industrial loans			$	452					$	147					$	599
Consumer and other loans:
Credit cards			4,684						6,090						10,774
Other consumer and other loans			1,862						913						2,775
Total CCBX			$	6,998					$	7,150					$	14,148

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the preceding 12 months ended September 30, 2024:

			Principal Forgiveness						Weighted Average Interest Rate Reduction						Weighted Average Term Extension (years)
			(dollars in thousands; unaudited)
CCBX
Commercial and industrial loans:
All other commercial & industrial loans			$	159					—		%				0.98
Consumer and other loans:
Credit cards			4,447						14.2						n/a
Other consumer and other loans			4,594						—						1.16
Total CCBX			$	9,200					14.2		%				1.13

The following table presents the total of loans that had a payment default during the preceding 12 months ended September 30, 2024 and which were modified for borrowers experiencing financial difficulty in the twelve months prior to that default.

			Principal Forgiveness												Term Extension						Interest Rate Reduction						Principal Forgiveness & Payment Delay																		Principal Forgiveness, Payment Delay & Term Extension						Total
			(dollars in thousands; unaudited)
CCBX
Commercial and industrial loans:
All other commercial & industrial loans			—												$	1,159					$	—					$	198																	$	—					$	1,357
Consumer and other loans:
Credit cards			4,839												—						9,095						—																		—						13,934
Other consumer and other loans			—												4,619						—						4,104																		102						8,825
Total			$	4,839											$	5,778					$	9,095					$	4,302																	$	102					$	24,116

Summary of Loans by Credit Quality Risk Rating

he following tables show the risk category of community bank loans by year of origination for the periods indicated, based on the most recent analysis performed as of each period end:

			Term Loans Amortized Cost Basis by Origination Year
Community Bank			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis						Revolving Loans Converted To Term						Total
			(dollars in thousands; unaudited)
As of September 30, 2024
Commercial and industrial loans
Risk rating
Pass			$	7,450		$	12,757		$	44,470		$	13,751		$	8,652		$	8,202		$	52,199					$	1,172					$	148,653
Other Loan Especially Mentioned			—			—			—			—			—			—			3,310						—						3,310
Substandard			—			—			—			—			—			—			198						—						198
Doubtful			—			—			—			—			—			—			—						—						—
Total commercial and industrial loans - All    other commercial and industrial loans			$	7,450		$	12,757		$	44,470		$	13,751		$	8,652		$	8,202		$	55,707					$	1,172					$	152,161
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	167		$	—					$	—					$	167
Real estate loans - Construction, land and land development loans
Risk rating
Pass			$	23,117		$	89,408		$	34,624		$	11,612		$	761		$	2,198		$	904					$	—					$	162,624
Other Loan Especially Mentioned			—			—			—			427			—			—			—						—						427
Substandard			—			—			—			—			—			—			—						—						—
Doubtful			—			—			—			—			—			—			—						—						—
Total real estate loans - Construction, land    and land development loans			$	23,117		$	89,408		$	34,624		$	12,039		$	761		$	2,198		$	904					$	—					$	163,051
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—

			Term Loans Amortized Cost Basis by Origination Year
Community Bank			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis						Revolving Loans Converted To Term						Total
			(dollars in thousands; unaudited)
As of September 30, 2024
Real estate loans - Residential real estate loans
Risk rating
Pass			$	12,465		$	31,201		$	38,282		$	38,310		$	28,733		$	33,412		$	26,524					$	16					$	208,943
Other Loan Especially Mentioned			—			—			1,087			—			11			—			100						—						1,198
Substandard			2,281			—			—			—			—			—			45						—						2,326
Doubtful			—			—			—			—			—			—			—						—						—
Total real estate loans - Residential real    estate loans			$	14,746		$	31,201		$	39,369		$	38,310		$	28,744		$	33,412		$	26,669					$	16					$	212,467
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—
Real estate loans - Commercial real estate loans
Risk rating
Pass			$	84,096		$	275,685		$	286,086		$	224,753		$	132,924		$	321,016		$	8,548					$	1,672					$	1,334,780
Other Loan Especially Mentioned			14,449			—			3,205			5,409			160			3,618			—						—						26,841
Substandard			—			—			—			—			831			—			—						—						831
Doubtful			—			—			—			—			—			—			—						—						—
Total real estate loans - Commercial real    estate loans			$	98,545		$	275,685		$	289,291		$	230,162		$	133,915		$	324,634		$	8,548					$	1,672					$	1,362,452
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	223		$	—					$	—					$	223

			Term Loans Amortized Cost Basis by Origination Year
Community Bank			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis						Revolving Loans Converted To Term						Total
			(dollars in thousands; unaudited)
As of September 30, 2024
Consumer and other loans - Other consumer and other loans
Risk rating
Pass			$	252		$	57		$	9,076		$	3		$	657		$	3,930		$	198					$	—					$	14,173
Other Loan Especially Mentioned			—			—			—			—			—			—			—						—						—
Substandard			—			—			—			—			—			—			—						—						—
Doubtful			—			—			—			—			—			—			—						—						—
Total consumer and other loans - Other    consumer and other loans			$	252		$	57		$	9,076		$	3		$	657		$	3,930		$	198					$	—					$	14,173
Current period gross charge-offs			$	25		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	25
Total community bank loans receivable
Risk rating
Pass			$	127,380		$	409,108		$	412,538		$	288,429		$	171,727		$	368,758		$	88,373					$	2,860					$	1,869,173
Other Loan Especially Mentioned			14,449			—			4,292			5,836			171			3,618			3,410						—						31,776
Substandard			2,281			—			—			—			831			—			243						—						3,355
Doubtful			—			—			—			—			—			—			—						—						—
Total community bank loans			$	144,110		$	409,108		$	416,830		$	294,265		$	172,729		$	372,376		$	92,026					$	2,860					$	1,904,304
Current period gross charge-offs			$	25		$	—		$	—		$	—		$	—		$	390		$	—					$	—					$	415

			Term Loans Amortized Cost Basis by Origination Year
Community Bank			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis						Revolving Loans Converted To Term						Total
			(dollars in thousands; unaudited)
As of December 31, 2023
Commercial and industrial loans
Risk rating
Pass			$	15,882		$	56,428		$	15,566		$	10,044		$	12,429		$	1,442		$	33,412					$	1,020					$	146,223
Other Loan Especially Mentioned			—			—			—			111			—			—			3,168						—						3,279
Substandard			—			—			—			—			—			—			—						—						—
Doubtful			—			—			—			—			—			—			—						—						—
Total commercial and industrial loans - All    other commercial and industrial loans			$	15,882		$	56,428		$	15,566		$	10,155		$	12,429		$	1,442		$	36,580					$	1,020					$	149,502
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	46		$	—					$	—					$	46
Real estate loans - Construction, land and land development loans
Risk rating
Pass			$	75,129		$	49,275		$	20,811		$	2,859		$	914		$	1,598		$	—					$	—					$	150,586
Other Loan Especially Mentioned			—			—			3,589			2,325			—			—			—						—						5,914
Substandard			—			—			—			—			—			—			600						—						600
Doubtful			—			—			—			—			—			—			—						—						—
Total real estate loans - Construction, land    and land development loans			$	75,129		$	49,275		$	24,400		$	5,184		$	914		$	1,598		$	600					$	—					$	157,100
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—

			Term Loans Amortized Cost Basis by Origination Year
Community Bank			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis						Revolving Loans Converted To Term						Total
			(dollars in thousands; unaudited)
As of December 31, 2023
Real estate loans - Residential real estate loans
Risk rating
Pass			$	32,352		$	41,362		$	39,137		$	30,259		$	31,982		$	22,429		$	24,396					$	18					$	221,935
Other Loan Especially Mentioned			—			1,098			2,020			28			—			40			100						—						3,286
Substandard			—			—			—			—			—			—			—						170						170
Doubtful			—			—			—			—			—			—			—						—						—
Total real estate loans - Residential real    estate loans			$	32,352		$	42,460		$	41,157		$	30,287		$	31,982		$	22,469		$	24,496					$	188					$	225,391
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—
Real estate loans - Commercial real estate loans
Risk rating
Pass			$	244,169		$	303,329		$	222,287		$	144,602		$	126,437		$	233,482		$	7,509					$	1,719					$	1,283,534
Other Loan Especially Mentioned			—			3,257			5,891			171			506			2,099			100						—						12,024
Substandard			—			—			—			924			6,900			—			151						—						7,975
Doubtful			—			—			—			—			—			—			—						—						—
Total real estate loans - Commercial real    estate loans			$	244,169		$	306,586		$	228,178		$	145,697		$	133,843		$	235,581		$	7,760					$	1,719					$	1,303,533
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—

			Term Loans Amortized Cost Basis by Origination Year
Community Bank			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis						Revolving Loans Converted To Term						Total
			(dollars in thousands; unaudited)
As of December 31, 2023
Consumer and other loans - Other consumer and other loans
Risk rating
Pass			$	323		$	272		$	5		$	679		$	38		$	164		$	147					$	—					$	1,628
Other Loan Especially Mentioned			—			—			—			—			—			—			—						—						—
Substandard			—			—			—			—			—			—			—						—						—
Doubtful			—			—			—			—			—			—			—						—						—
Total consumer and other loans - Other    consumer and other loans			$	323		$	272		$	5		$	679		$	38		$	164		$	147					$	—					$	1,628
Current period gross charge-offs			$	18		$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	18
Total community bank loans receivable
Risk rating
Pass			$	367,855		$	450,666		$	297,806		$	188,443		$	171,800		$	259,115		$	65,464					$	2,757					$	1,803,906
Other Loan Especially Mentioned			—			4,355			11,500			2,635			506			2,139			3,368						—						24,503
Substandard			—			—			—			924			6,900			—			751						170						8,745
Doubtful			—			—			—			—			—			—			—						—						—
Total community bank loans			$	367,855		$	455,021		$	309,306		$	192,002		$	179,206		$	261,254		$	69,583					$	2,927					$	1,837,154
Current period gross charge-offs			$	18		$	—		$	—		$	—		$	—		$	46		$	—					$	—					$	64

The following tables present the loans in CCBX based on payment activity for the periods indicated:

			Term Loans Amortized Cost Basis by Origination Year
CCBX			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted To Term			Total
			(dollars in thousands; unaudited)
As of September 30, 2024
Commercial and industrial loans - Capital call lines
Payment performance
Performing			$	—		$	—		$	—		$	—		$	—		$	—		$	103,924		$	—		$	103,924
Nonperforming			—			—			—			—			—			—			—			—			—
Total commercial and industrial loans - Capital    call lines			$	—		$	—		$	—		$	—		$	—		$	—		$	103,924		$	—		$	103,924
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial and industrial loans - All other commercial and industrial loans
Payment performance
Performing			$	—		$	26,555		$	4,288		$	5		$	9		$	—		$	4,044		$	—		$	34,901
Nonperforming			—			885			186			—			—			—			522			—			1,593
Total commercial and industrial loans - All    other commercial and industrial loans			$	—		$	27,440		$	4,474		$	5		$	9		$	—		$	4,566		$	—		$	36,494
Current period gross charge-offs			$	285		$	9,446		$	1,632		$	2		$	—		$	—		$	887		$	—		$	12,252
Real estate loans - Residential real estate loans
Payment performance
Performing			$	—		$	—		$	—		$	—		$	—		$	—		$	251,269		$	11,108		$	262,377
Nonperforming			—			—			—			—			—			—			3,025			—			3,025
Total real estate loans - Residential real estate    loans			$	—		$	—		$	—		$	—		$	—		$	—		$	254,294		$	11,108		$	265,402
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	3,297		$	—		$	3,297

			Term Loans Amortized Cost Basis by Origination Year
CCBX			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted To Term			Total
			(dollars in thousands; unaudited)
As of September 30, 2024
Consumer and other loans - Credit cards
Payment performance
Performing			$	—		$	—		$	—		$	—		$	—		$	—		$	591,089		$	53		$	591,142
Nonperforming			—			—			—			—			—			—			42,549			—			42,549
Total consumer and other loans - Credit cards			$	—		$	—		$	—		$	—		$	—		$	—		$	633,638		$	53		$	633,691
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	97,818		$	—		$	97,818
Consumer and other loans - Other consumer and other loans
Payment performance
Performing			$	294,373		$	129,771		$	27,508		$	3,282		$	51		$	261		$	20,570		$	—		$	475,816
Nonperforming			1,342			3,049			1,508			256			—			47			210			—			6,412
Total consumer and other loans - Other    consumer and other loans			$	295,715		$	132,820		$	29,016		$	3,538		$	51		$	308		$	20,780		$	—		$	482,228
Current period gross charge-offs			$	5,263		$	27,138		$	12,353		$	3,094		$	24		$	254		$	5,598		$	—		$	53,724
Total CCBX loans receivable
Payment performance
Performing			$	294,373		$	156,326		$	31,796		$	3,287		$	60		$	261		$	970,896		$	11,161		$	1,468,160
Nonperforming			1,342			3,934			1,694			256			—			47			46,306			—			53,579
Total CCBX loans			$	295,715		$	160,260		$	33,490		$	3,543		$	60		$	308		$	1,017,202		$	11,161		$	1,521,739
Current period gross charge-offs			$	5,548		$	36,584		$	13,985		$	3,096		$	24		$	254		$	107,600		$	—		$	167,091

			Term Loans Amortized Cost Basis by Origination Year
CCBX			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted To Term			Total
			(dollars in thousands; unaudited)
As of December 31, 2023
Commercial and industrial loans - Capital call lines
Payment performance
Performing			$	—		$	—		$	—		$	—		$	—		$	—		$	87,494		$	—		$	87,494
Nonperforming			—			—			—			—			—			—			—			—			—
Total commercial and industrial loans - Capital    call lines			$	—		$	—		$	—		$	—		$	—		$	—		$	87,494		$	—		$	87,494
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial and industrial loans - All other commercial and industrial loans
Payment performance
Performing			$	42,267		$	6,835		$	9		$	11		$	—		$	—		$	3,090		$	—		$	52,212
Nonperforming			1,333			277			—			—			—			—			476			—			2,086
Total commercial and industrial loans - All other     commercial and industrial loans			$	43,600		$	7,112		$	9		$	11		$	—		$	—		$	3,566		$	—		$	54,298
Current period gross charge-offs			$	3,848		$	2,502		$	15		$	16		$	—		$	—		$	224		$	—		$	6,605
Real estate loans - Residential real estate loans
Payment performance
Performing			$	—		$	—		$	—		$	—		$	—		$	—		$	212,435		$	24,485		$	236,920
Nonperforming			—			—			—			—			—			—			1,115			—			1,115
Total real estate loans - Residential real estate    loans			$	—		$	—		$	—		$	—		$	—		$	—		$	213,550		$	24,485		$	238,035
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	4,641		$	—		$	4,641

			Term Loans Amortized Cost Basis by Origination Year
CCBX			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted To Term			Total
			(dollars in thousands; unaudited)
As of December 31, 2023
Consumer and other loans - Credit cards
Payment performance
Performing			$	—		$	—		$	—		$	—		$	—		$	—		$	469,049		$	1,953		$	471,002
Nonperforming			—			—			—			—			—			—			33,655			1,180			34,835
Total consumer and other loans - Credit cards			$	—		$	—		$	—		$	—		$	—		$	—		$	502,704		$	3,133		$	505,837
Current period gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	61,358		$	—		$	61,358
Consumer and other loans - Other consumer and other loans
Payment performance
Performing			$	216,024		$	50,732		$	6,888		$	98		$	418		$	317		$	27,609		$	—		$	302,086
Nonperforming			4,229			3,074			477			—			7			10			691			—			8,488
Total consumer and other loans - Other    consumer and other loans			$	220,253		$	53,806		$	7,365		$	98		$	425		$	327		$	28,300		$	—		$	310,574
Current period gross charge-offs			$	17,815		$	43,115		$	11,574		$	84		$	346		$	217		$	6,178		$	—		$	79,329
Total CCBX loans receivable
Payment performance
Performing			$	258,291		$	57,567		$	6,897		$	109		$	418		$	317		$	799,677		$	26,438		$	1,149,714
Nonperforming			5,562			3,351			477			—			7			10			35,937			1,180			46,524
Total CCBX loans			$	263,853		$	60,918		$	7,374		$	109		$	425		$	327		$	835,614		$	27,618		$	1,196,238
Current period gross charge-offs			$	21,663		$	45,617		$	11,589		$	100		$	346		$	217		$	72,401		$	—		$	151,933

Summary of Allocation of Allowance for Loan Loss as well as Activity in Allowance for Loan Loss Attributed to Various Segments in Loan

The following tables summarize the allocation of the ACL, as well as the activity in the ACL attributed to various segments in the loan portfolio, as of and for the three and nine months ended September 30, 2024 and for the three and nine months ended September 30, 2023:

			Commercial and Industrial						Construction, Land, and Land Development						Residential Real Estate						Commercial Real Estate						Consumer and Other						Unallocated						Total
			(dollars in thousands; unaudited)
Three Months Ended September 30, 2024
ACL balance, June 30, 2024			$	12,103					$	6,110					$	15,532					$	7,319					$	106,850					$	—					$	147,914
Provision for credit losses or (recapture)			1,804						(2,558)						(1,580)						1,994						71,925						—						71,585
			13,907						3,552						13,952						9,313						178,775						—						219,499
Loans charged-off			(3,852)						—						(1,290)						(223)						(47,940)						—						(53,305)
Recoveries of loans previously charged-off			390						—						3						—						3,676						—						4,069
Net charge-offs			(3,462)						—						(1,287)						(223)						(44,264)						—						(49,236)
ACL balance, September 30, 2024			$	10,445					$	3,552					$	12,665					$	9,090					$	134,511					$	—					$	170,263
Nine Months Ended September 30, 2024
ALLL balance, December 31, 2023			$	8,877					$	6,386					$	13,049					$	7,441					$	81,205					$	—					$	116,958
Provision for credit losses or (recapture)			13,183						(2,834)						2,906						1,872						197,866						—						212,993
			22,060						3,552						15,955						9,313						279,071						—						329,951
Loans charged-off			(12,419)						—						(3,297)						(223)						(151,567)						—						(167,506)
Recoveries of loans previously charged-off			804						—						7						—						7,007						—						7,818
Net charge-offs			(11,615)						—						(3,290)						(223)						(144,560)						—						(159,688)
ACL balance, September 30, 2024			$	10,445					$	3,552					$	12,665					$	9,090					$	134,511					$	—					$	170,263
Three Months Ended September 30, 2023
ACL balance, June 30, 2023			$	9,551					$	6,539					$	8,849					$	6,952					$	78,871					$	—					$	110,762
Provision for credit losses or (recapture)			2,771						132						3,517						456						20,281						—						27,157
			12,322						6,671						12,366						7,408						99,152						—						137,919
Loans charged-off			(2,328)						—						(1,476)						—						(34,075)						—						(37,879)
Recoveries of loans previously charged-off			1						—						2						—						1,042						—						1,045
Net (charge-offs) recoveries			(2,327)						—						(1,474)						—						(33,033)						—						(36,834)
ACL Balance, September 30, 2023			$	9,995					$	6,671					$	10,892					$	7,408					$	66,119					$	—					$	101,085
Nine Months Ended September 30, 2023
ACL Balance, December 31, 2022			$	4,831					$	7,425					$	4,142					$	5,470					$	50,996					$	1,165					$	74,029
Impact of adopting CECL (ASC 326)			1,428						(1,589)						1,623						1,240						2,315						(1,165)						3,852
Provision for credit losses or (recapture)			7,247						835						8,283						698						106,236						—						123,299
			13,506						6,671						14,048						7,408						159,547						—						201,180
Loans charged-off			(3,515)						—						(3,158)						—						(97,672)						—						(104,345)
Recoveries of loans previously charged-off			4						—						2						—						4,244						—						4,250
Net charge-offs			(3,511)						—						(3,156)						—						(93,428)						—						(100,095)
ALLL Balance, September 30, 2023			$	9,995					$	6,671					$	10,892					$	7,408					$	66,119					$	—					$	101,085

There was a recapture of unfunded commitments of $1.3 million and a provision of $2.7 million respectively, for the three and nine months ended September 30, 2024. There was a provision for unfunded commitments of $96,000 and a recapture $96,000 respectively, for the three and nine months ended September 30, 2023.

The following table presents the collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of the dates indicated:

			Real Estate						Business Assets						Total						ACL
			(dollars in thousands; unaudited)
September 30, 2024
Commercial and industrial loans			$	—					$	198					$	198					$	140
Real estate loans:
Residential real estate			$	44					$	—					$	44					$	—
Commercial real estate			831						—						831						—
Total			$	875					$	198					$	1,073					$	140

			Real Estate												Total						ACL
			(dollars in thousands; unaudited)
December 31, 2023
Real estate loans:
Residential real estate			$	170											$	170					$	—
Commercial real estate			7,145												7,145						—
Total			$	7,315											$	7,315					$	—

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