XML 43 R17.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Allowance for Credit Losses | 12 Months Ended
--- | ---
Dec. 31, 2024
Allowance for Credit Losses |
Allowance for Credit Losses | Note 7 Allowance for Credit Losses ​ The tables below detail the Company’s allowance for credit losses as of the dates shown: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, 2024
​ | ​ | ​ | ​ | ​ | Non-owner | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | commercial | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | real estate | ​ | real estate | ​ | Consumer | ​ | Total
Beginning balance | ​ | $ | 45,304 | ​ | $ | 32,665 | ​ | $ | 19,550 | ​ | $ | 428 | ​ | $ | 97,947
Charge-offs | ​ | ​ | (5,082) | ​ | ​ | (4,715) | ​ | ​ | — | ​ | ​ | (981) | ​ | ​ | (10,778)
Recoveries | ​ | ​ | 493 | ​ | ​ | 7 | ​ | ​ | 97 | ​ | ​ | 359 | ​ | ​ | 956
Provision expense (release) for credit losses | ​ | ​ | 7,837 | ​ | ​ | (1,821) | ​ | ​ | (221) | ​ | ​ | 535 | ​ | ​ | 6,330
Ending balance | ​ | $ | 48,552 | ​ | $ | 26,136 | ​ | $ | 19,426 | ​ | $ | 341 | ​ | $ | 94,455
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, 2023
​ | ​ | ​ | ​ | ​ | Non-owner | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | commercial | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | real estate | ​ | real estate | ​ | Consumer | ​ | Total
Beginning balance | ​ | $ | 37,608 | ​ | $ | 32,050 | ​ | $ | 19,306 | ​ | $ | 589 | ​ | $ | 89,553
Charge-offs | ​ | ​ | (277) | ​ | ​ | — | ​ | ​ | (48) | ​ | ​ | (1,250) | ​ | ​ | (1,575)
Recoveries | ​ | ​ | 290 | ​ | ​ | 3 | ​ | ​ | 26 | ​ | ​ | 125 | ​ | ​ | 444
Provision expense for credit losses | ​ | ​ | 7,683 | ​ | ​ | 612 | ​ | ​ | 266 | ​ | ​ | 964 | ​ | ​ | 9,525
Ending balance | ​ | $ | 45,304 | ​ | $ | 32,665 | ​ | $ | 19,550 | ​ | $ | 428 | ​ | $ | 97,947
​ In evaluating the loan portfolio for an appropriate ACL level, excluding loans evaluated individually, loans were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of developing the underlying data used within the discounted cash flow model including, but not limited to, prepayment and recovery rates as well as loss rates tied to macro-economic conditions within management’s reasonable and supportable forecast. The ACL also includes subjective adjustments based upon qualitative risk factors including asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results. ​ At December 31, 2024 and 2023, the allowance for credit losses totaled $94.5 million and $97.9 million, respectively. The decrease during 2024 was driven by the resolution of non-performing loans and changes in the CECL model’s underlying macro-economic forecast. Net charge-offs on loans during the year ended December 31, 2024 were $9.8 million. ​ The Company recorded an increase in the allowance for credit losses of $8.4 million during the year ended December 31, 2023, driven by loan growth and an increase in specific reserves. Net charge-offs on loans during the year ended December 31, 2023 were $1.1 million. ​ The Company has elected to exclude AIR from the allowance for credit losses calculation. As of December 31, 2024 and December 31, 2023, AIR from loans totaled $41.5 million and $42.4 million, respectively.

X
- 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
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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