XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Loans | 9 Months Ended
--- | ---
Sep. 30, 2022
Receivables [Abstract] |
Loans | Loans A summary of loan balances follows:
(in thousands) | September 30, 2022 |  | December 31, 2021
Commercial real estate: |  |  |
CRE non-owner occupied | $ | 2,062,406 |  |  | $ | 1,603,141 |
CRE owner occupied | 969,588 |  |  | 706,307 |
Multifamily | 927,557 |  |  | 823,500 |
Farmland | 279,379 |  |  | 173,106 |
Total commercial real estate loans | 4,238,930 |  |  | 3,306,054 |
Consumer: |  |  |
SFR 1-4 1st DT liens | 765,029 |  |  | 666,960 |
SFR HELOCs and junior liens | 394,136 |  |  | 337,513 |
Other | 58,132 |  |  | 67,078 |
Total consumer loans | 1,217,297 |  |  | 1,071,551 |
Commercial and industrial | 534,960 |  |  | 259,355 |
Construction | 243,571 |  |  | 222,281 |
Agriculture production | 71,599 |  |  | 50,811 |
Leases | 7,933 |  |  | 6,572 |
Total loans, net of deferred loan fees and discounts | $ | 6,314,290 |  |  | $ | 4,916,624 |
Total principal balance of loans owed, net of charge-offs | $ | 6,361,329 |  |  | $ | 4,946,653 |
Unamortized net deferred loan fees | (14,783) |  |  | (13,922) |
Discounts to principal balance of loans owed, net of charge-offs | (32,256) |  |  | (16,107) |
Total loans, net of unamortized deferred loan fees and discounts | $ | 6,314,290 |  |  | $ | 4,916,624 |
Allowance for credit losses on loans | $ | (101,488) |  |  | $ | (85,376) |
In March 2020 (Round 1) and subsequently in December 2020 (Round 2), the Small Business Administration ("SBA") Paycheck Protection Program ("PPP") was created to help small businesses keep workers employed during the COVID-19 crisis. Tri Counties Bank, through its online portal, facilitated the ability for borrowers to open a new deposit account and submit PPP applications during the entirety of the Programs. The SBA ended PPP and did not accept new borrowing applications, effective May 31, 2021. PPP loan balances included in commercial and industrial loan totals above were $1,942,000 and $61,147,000, net of approximately $27,000 and $2,164,000 in deferred fee income as of September 30, 2022 and December 31, 2021, respectively. During the three months ended September 30, 2022, the Company recognized $291,000 in fees on PPP loans as compared with $872,000 and $2,984,000 for the three months ended June 30, 2022 and September 30, 2021, respectively. Based on the payment guarantee provided by the SBA as well as the expected short-term duration of the PPP loans acquired from VRB, the fair value of these loans approximates the principal balance outstanding as of the merger date, and therefore, no purchase discount was recorded.

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration