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Note 5 - Loans and the Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  June 30, 2022  December 31, 2021 
  

(dollars in thousands)

 

Commercial (1)

 $1,354,625  $1,299,428 

Commercial real estate

  5,107,382   4,741,590 

Commercial construction

  569,789   540,178 

Residential real estate

  249,379   255,269 

Consumer

  1,248   1,886 

Gross loans

  7,282,423   6,838,351 

Net deferred loan fees

  (7,850)  (9,729)

Total loans receivable

 $7,274,573  $6,828,622 
Schedule of Loans Held-for-sale [Table Text Block]
  June 30, 2022  December 31, 2021 
  

(dollars in thousands)

 

Commercial real estate

 $3,182  $- 

Residential real estate

  -   250 

Total carrying amount

 $3,182  $250 
Financing Receivable, Nonaccrual [Table Text Block]
  

June 30, 2022

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $27,875  $1,263  $29,138 

Commercial real estate

  10,162   19,021   29,183 

Commercial construction

  -   -   - 

Residential real estate

  895   1,540   2,435 

Consumer

  -   -   - 

Total

 $38,932  $21,824  $60,756 
  

December 31, 2021

 
  Nonaccrual loans with ACL  Nonaccrual loans without ACL  Total Nonaccrual loans 
  

(dollars in thousands)

 

Commercial

 $28,746  $1,316  $30,062 

Commercial real estate

  15,362   10,031   25,393 

Commercial construction

  -   3,150   3,150 

Residential real estate

  1,239   1,856   3,095 

Consumer

  -   -   - 

Total

 $45,347  $16,353  $61,700 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Term loans amortized cost basis by origination year

  

Revolving

  

Total

 
  

2022

  

2021

  

2020

  

2019

  

2018

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $168,961  $345,319  $52,681  $32,103  $51,661  $167,147  $470,129  $1,288,001 

Special mention

  -   -   -   -   -   9,618   3,317   12,935 

Substandard

  7,429   158   -   2,176   11,595   18,347   13,984   53,689 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $176,390  $345,477  $52,681  $34,279  $63,256  $195,112  $487,430  $1,354,625 
                                 

Commercial Real Estate

                                

Pass

 $885,508  $1,619,792  $426,907  $373,166  $404,284  $1,099,266  $165,421  $4,974,344 

Special mention

  -   -   -   3,328   -   50,384   15,463   69,175 

Substandard

  -   1,949   4,500   10,520   20,274   18,411   8,209   63,863 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Real Estate

 $885,508  $1,621,741  $431,407  $387,014  $424,558  $1,168,061  $189,093  $5,107,382 
                                 

Commercial Construction

                                

Pass

 $2,454  $7,914  $5,246  $6,508  $2,600  $-  $537,890  $562,612 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   7,177   7,177 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Construction

 $2,454  $7,914  $5,246  $6,508  $2,600  $-  $545,067  $569,789 
                                 

Residential Real Estate

                                

Pass

 $20,431  $25,646  $26,598  $21,895  $20,702  $84,422  $42,760  $242,454 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   3,501   3,424   6,925 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential Real Estate

 $20,431  $25,646  $26,598  $21,895  $20,702  $87,923  $46,184  $249,379 
                                 

Consumer

                                

Pass

 $1,109  $-  $14  $1  $10  $2  $112  $1,248 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,109  $-  $14  $1  $10  $2  $112  $1,248 
                                 

Total

                                

Pass

 $1,078,463  $1,998,671  $511,446  $433,673  $479,257  $1,350,837  $1,216,312  $7,068,659 

Special mention

  -   -   -   3,328   -   60,002   18,780   82,110 

Substandard

  7,429   2,107   4,500   12,696   31,869   40,259   32,794   131,654 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $1,085,892  $2,000,778  $515,946  $449,697  $511,126  $1,451,098  $1,267,886  $7,282,423 
  

Term loans amortized cost basis by origination year

  

Revolving

  Total 
  

2021

  

2020

  

2019

  

2018

  8.5  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $403,203  $58,534  $54,485  $60,409  $95,727  $86,556  $471,588  $1,230,502 

Special mention

  -   -   -   -   1   4,045   4,266   8,312 

Substandard

  170   -   1,842   13,298   9,740   21,024   14,540   60,614 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $403,373  $58,534  $56,327  $73,707  $105,468  $111,625  $490,394  $1,299,428 
                                 

Commercial Real Estate

                                

Pass

 $1,692,098  $533,315  $420,995  $452,262  $497,065  $842,244  $170,721  $4,608,700 

Special mention

  -   -   -   -   5,142   50,438   6,601   62,181 

Substandard

  1,968   9,039   4,006   20,624   -   26,108   8,964   70,709 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Real Estate

 $1,694,066  $542,354  $425,001  $472,886  $502,207  $918,790  $186,286  $4,741,590 
                                 

Commercial Construction

                                

Pass

 $8,018  $7,370  $12,625  $2,600  $2,339  $-  $490,119  $523,071 

Special mention

  -   -   -   -   350   -   1,443   1,793 

Substandard

  -   -   -   -   -   -   15,314   15,314 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Construction

 $8,018  $7,370  $12,625  $2,600  $2,689  $-  $506,876  $540,178 
                                 

Residential Real Estate

                                

Pass

 $27,081  $29,539  $23,611  $25,070  $28,701  $66,249  $44,221  $244,472 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   7,262   3,535   10,797 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential Real Estate

 $27,081  $29,539  $23,611  $25,070  $28,701  $73,511  $47,756  $255,269 
                                 

Consumer

                                

Pass

 $1,590  $85  $39  $21  $28  $-  $123  $1,886 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,590  $85  $39  $21  $28  $-  $123  $1,886 
                                 

Total

                                

Pass

 $2,131,990  $628,843  $511,755  $540,362  $623,860  $995,049  $1,176,772  $6,608,631 

Special mention

  -   -   -   -   5,493   54,483   12,310   72,286 

Substandard

  2,138   9,039   5,848   33,922   9,740   54,394   42,353   157,434 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $2,134,128  $637,882  $517,603  $574,284  $639,093  $1,103,926  $1,231,435  $6,838,351 
Financing Receivable, Collateral Dependent [Table Text Block]
  

June 30, 2022

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $6,333  $24,995  $31,328 

Commercial real estate

  65,507   -   65,507 

Commercial construction

  7,176   -   7,176 

Residential real estate

  5,364   -   5,364 

Consumer

  -   -   - 

Total

 $84,380  $24,995  $109,375 
  

December 31, 2021

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $6,385  $26,182  $32,567 

Commercial real estate

  55,244   -   55,244 

Commercial construction

  13,196   -   13,196 

Residential real estate

  8,856   -   8,856 

Consumer

  -   -   - 

Total

 $83,681  $26,182  $109,863 
Financing Receivable, Past Due [Table Text Block]
  

June 30, 2022

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 
  

(dollars in thousands)

 

Commercial

 $16  $358  $4,403  $29,138  $33,915  $1,320,710  $1,354,625 

Commercial real estate

  -   2,894   5,761   29,183   37,838   5,069,544   5,107,382 

Commercial construction

  -   -   -   -   -   569,789   569,789 

Residential real estate

  674   -   -   2,435   3,109   246,270   249,379 

Consumer

  -   -   -   -   -   1,248   1,248 

Total

 $690  $3,252  $10,164  $60,756  $74,862  $7,207,561  $7,282,423 
  

December 31, 2021

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 
  

(dollars in thousands)

 

Commercial

 $4,305  $729  $4,457  $30,062  $39,553  $1,259,875  $1,299,428 

Commercial real estate

  1,622   1,009   5,935   25,393   33,959   4,707,631   4,741,590 

Commercial construction

  -   -   -   3,150   3,150   537,028   540,178 

Residential real estate

  1,437   292   3,139   3,095   7,963   247,306   255,269 

Consumer

  -   -   -   -   -   1,886   1,886 

Total

 $7,364  $2,030  $13,531  $61,700  $84,625  $6,753,726  $6,838,351 
Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]
  

June 30, 2022

 
  

Commercial

  Commercial real estate  

Commercial construction

  Residential real estate  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually evaluated impairment

 $13,671  $2,505  $-  $88  $-  $16,264 

Collectively evaluated impairment

  12,187   43,136   3,413   3,537   4   62,277 

Acquired with deteriorated credit quality individually analyzed

  2,277   1,921   -   -   -   4,198 

Total

 $28,135  $47,562  $3,413  $3,625  $4  $82,739 
                         

Gross loans

                        

Individually evaluated impairment

 $32,163  $59,746  $7,177  $5,364  $-  $104,450 

Collectively evaluated impairment

  1,317,400   5,041,875   562,612   244,015   1,248   7,167,150 

Acquired with deteriorated credit quality individually analyzed

  5,062   5,761   -   -   -   10,823 

Total

 $1,354,625  $5,107,382  $569,789  $249,379  $1,248  $7,282,423 
  

December 31, 2021

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually evaluated impairment

 $15,131  $955  $-  $131  $-  $16,217 

Collectively evaluated impairment

  8,561   42,713   3,580   3,497   7   58,358 

Acquired with deteriorated credit quality individually analyzed

  2,277   1,921   -   -   -   4,198 

Total

 $25,969  $45,589  $3,580  $3,628  $7  $78,773 
                         

Gross loans

                        

Individually evaluated impairment

 $33,726  $49,310  $13,196  $5,717  $-  $101,949 

Collectively evaluated impairment

  1,260,537   4,686,346   526,982   246,413   1,886   6,722,164 

Acquired with deteriorated credit quality individually analyzed

  5,165   5,934   -   3,139   -   14,238 

Total

 $1,299,428  $4,741,590  $540,178  $255,269  $1,886  $6,838,351 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Three Months Ended June 30, 2022

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Unallocated

  

Total

 
  

(dollars in thousands)

 

Balance as of March 31, 2022

 $25,459  $47,868  $3,281  $3,455  $7  $-  $80,070 

Charge-offs

  (292)  (1)  -   (9)  -   -   (302)

Recoveries

  -   -   -   32   -   -   32 

(Reversal of) provision for credit losses (loans)

  2,968   (305)  132   147   (3)  -   2,939 
                             

Balance as of June 30, 2022

 $28,135  $47,562  $3,413  $3,625  $4  $-  $82,739 
  

Six Months Ended June 30, 2022

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Unallocated

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2021

 $25,969  $45,589  $3,580  $3,628  $7  $-  $78,773 

Charge-offs

  (341)  (226)  -   (9)  -   -   (576)

Recoveries

  1   -   -   63   -   -   64 

(Reversal of) provision for credit losses (loans)

  2,506   2,199   (167)  (57)  (3)  -   4,478 
                             

Balance as of June 30, 2022

 $28,135  $47,562  $3,413  $3,625  $4  $-  $82,739 
  

Three Months Ended June 30, 2021

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Unallocated

  

Total

 
  

(dollars in thousands)

 

Balance as of March 31, 2021

 $26,435  $43,897  $5,521  $4,704  $11  $-  $80,568 

Charge-offs

  (50)  (155)  -   (7)  -   -   (212)

Recoveries

  13   -   -   -   1   -   14 

(Reversal of) provision for credit losses - loans

  (831)  73   (594)  (331)  (3)  -   (1,686)
                             

Balance as of June 30, 2021

 $25,567  $43,815  $4,927  $4,366  $9  $-  $78,684 
  

Six Months Ended June 30, 2021

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Unallocated

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2020

 $28,443  $39,330  $8,194  $2,687  $4  $568  $79,226 

Day 1 effect of CECL

  (4,225)  9,605   (961)  2,697   9   (568)  6,557 
                             

Balance as of January 1, 2021 as adjusted for changes in accounting principle

  24,218   48,935   7,233   5,384   13   -   85,783 
                             

Charge-offs

  (50)  (155)  -   (7)  -   -   (212)
                             

Recoveries

  73   -   -   -   2   -   75 

(Reversal of) provision for credit losses - loans

  1,326   (4,965)  (2,306)  (1,011)  (6)  -   (6,962)
                             

Balance as of June 30, 2021

 $25,567  $43,815  $4,927  $4,366  $9  $-  $78,684 
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]
      

Pre-Modification

  

Post-Modification

 
      

Outstanding

  

Outstanding

 
  

Number of

  

Recorded

  

Recorded

 
  

Loans

  

Investment

  

Investment

 
  

(dollars in thousands)

 

Troubled debt restructurings:

            

Commercial

  1  $98  $98 

Commercial real estate

  1   8,751   8,251 

Total

  2  $8,849  $8,349 
      

Pre-Modification

  

Post-Modification

 
      

Outstanding

  

Outstanding

 
  

Number of

  

Recorded

  

Recorded

 
  

Loans

  

Investment

  

Investment

 
  

(dollars in thousands)

 

Troubled debt restructurings:

            

Commercial

  3  $631  $631 

Commercial real estate

  3   8,603   8,603 

Commercial construction

  1   1,641   1,641 

Residential real estate

  3   1,758   1,758 

Total

  10  $12,633  $12,633 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

June 30,

  

June 30,

 
  

2022

  

2021

 
  

(dollars in thousands)

 

Balance at beginning of period

 $2,262  $2,343 

Provision for credit losses - unfunded commitments

  61   37 

Balance at end of period

 $2,323  $2,380 
  

Six Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2022

  

2021

 
  

(dollars in thousands)

 

Balance at beginning of period

 $2,351  $- 

Day 1 Effect of CECL

  -   2,833 

Reversal of credit losses - unfunded commitments

  (28)  (453)

Balance at end of period

 $2,323  $2,380 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

June 30,

  

June 30,

 
  

2022

  

2021

 
  

(dollars in thousands)

 

Provision for (reversal of) credit losses (loans)

 $2,939  $(1,686)

(Reversal of) provision for credit losses - unfunded commitments

  61   37 

Provision for (Reversal of) credit losses

 $3,000  $(1,649)
  

Six Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2022

  

2021

 
  

(dollars in thousands)

 

Provision for (reversal of) credit losses (loans)

 $4,478  $(6,962)

Reversal of credit losses - unfunded commitments

  (28)  (453)

Provision for (reversal of) credit losses

 $4,450  $(7,415)