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Note 5 - Loans and the Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  September 30, 2023  December 31, 2022 
  

(dollars in thousands)

 

Commercial

 $1,475,571  $1,472,734 

Commercial real estate

  5,837,539   5,795,228 

Commercial construction

  622,748   574,139 

Residential real estate

  251,416   264,748 

Consumer

  936   2,312 

Gross loans

  8,188,210   8,109,161 

Net deferred loan fees

  (7,101)  (9,472)

Total loans receivable

 $8,181,109  $8,099,689 
Schedule of Loans Held-for-sale [Table Text Block]
  September 30, 2023  December 31, 2022 
  

(dollars in thousands)

 

Commercial real estate

 $-  $13,473 

Residential real estate

  -   299 

Total carrying amount

 $-  $13,772 
Financing Receivable, Nonaccrual [Table Text Block]
  

September 30, 2023

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $21,604  $555  $22,159 

Commercial real estate

  70   29,754   29,824 

Residential real estate

  806   3,270   4,076 

Total

 $22,480  $33,579  $56,059 
  

December 31, 2022

 
  Nonaccrual loans with ACL  Nonaccrual loans without ACL  Total nonaccrual loans 
  

(dollars in thousands)

 

Commercial

 $23,512  $1,745  $25,257 

Commercial real estate

  10,220   6,597   16,817 

Residential real estate

  604   1,776   2,380 

Total

 $34,336  $10,118  $44,454 
Financing Receivable Origination And Risk Designation [Table Text Block]
  

Term loans amortized cost basis by origination year

       
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving Loans

  

Total Gross Loans

 

Commercial

                                

Pass

 $146,241  $259,603  $271,580  $41,459  $13,749  $119,592  $590,667  $1,442,891 

Special mention

  -   337   86   -   567   3,445   3,989   8,424 

Substandard

  304   1,316   163   4   1,551   19,559   1,359   24,256 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $146,545  $261,256  $271,829  $41,463  $15,867  $142,596  $596,015  $1,475,571 
                                 

Commercial Real Estate

                                

Pass

 $170,541  $1,572,880  $1,581,212  $356,251  $355,665  $1,269,678  $462,573  $5,768,800 

Special mention

  -   -   -   -   -   26,421   -   26,421 

Substandard

  -   -   1,899   -   2,625   20,964   16,830   42,318 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Real Estate

 $170,541  $1,572,880  $1,583,111  $356,251  $358,290  $1,317,063  $479,403  $5,837,539 
                                 

Commercial Construction

                                

Pass

 $582  $5,693  $15,682  $6,236  $-  $-  $585,855  $614,048 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   8,700   8,700 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Construction

 $582  $5,693  $15,682  $6,236  $-  $-  $594,555  $622,748 
                                 

Residential

                                

Pass

 $8,009  $43,048  $23,247  $21,863  $20,059  $92,966  $34,663  $243,855 

Special mention

  -   -   -   -   -   655   2,830   3,485 

Substandard

  -   -   563   438   -   2,520   555   4,076 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential Real Estate

 $8,009  $43,048  $23,810  $22,301  $20,059  $96,141  $38,048  $251,416 
                                 

Consumer

                                

Pass

 $747  $96  $-  $6  $-  $-  $87  $936 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $747  $96  $-  $6  $-  $-  $87  $936 
                                 

Total

                                

Pass

 $326,120  $1,881,320  $1,891,721  $425,815  $389,473  $1,482,236  $1,673,845  $8,070,530 

Special mention

  -   337   86   -   567   30,521   6,819   38,330 

Substandard

  304   1,316   2,625   442   4,176   43,043   27,444   79,350 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $326,424  $1,882,973  $1,894,432  $426,257  $394,216  $1,555,800  $1,708,108  $8,188,210 
  

Term loans amortized cost basis by origination year

       
  

2022

  

2021

  

2020

  

2019

  2018  

Prior

  

Revolving Loans

  

Total Gross Loans

 

Commercial

                                

Pass

 $301,636  $305,721  $47,952  $28,177  $52,950  $127,739  $550,483  $1,414,658 

Special mention

  -   -   -   583   26   8,551   3,292   12,452 

Substandard

  7,615   146   15   1,769   11,214   22,596   2,269   45,624 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $309,251  $305,867  $47,967  $30,529  $64,190  $158,886  $556,044  $1,472,734 
                                 

Commercial Real Estate

                                

Pass

 $1,571,751  $1,608,023  $382,987  $358,578  $375,886  $987,982  $401,365  $5,686,572 

Special mention

  3,040   -   -   -   -   37,774   8,839   49,653 

Substandard

  -   1,929   -   6,526   19,138   23,287   8,123   59,003 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Real Estate

 $1,574,791  $1,609,952  $382,987  $365,104  $395,024  $1,049,043  $418,327  $5,795,228 
                                 

Commercial Construction

                                

Pass

 $8,615  $7,605  $6,720  $508  $-  $-  $542,460  $565,908 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   8,231   8,231 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial Construction

 $8,615  $7,605  $6,720  $508  $-  $-  $550,691  $574,139 
                                 

Residential Real Estate

                                

Pass

 $45,926  $25,318  $24,409  $21,557  $20,284  $78,314  $41,468  $257,276 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   3,379   4,093   7,472 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential Real Estate

 $45,926  $25,318  $24,409  $21,557  $20,284  $81,693  $45,561  $264,748 
                                 

Consumer

                                

Pass

 $2,219  $-  $9  $-  $-  $2  $82  $2,312 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $2,219  $-  $9  $-  $-  $2  $82  $2,312 
                                 

Total

                                

Pass

 $1,930,147  $1,946,667  $462,077  $408,820  $449,120  $1,194,037  $1,535,858  $7,926,726 

Special mention

  3,040   -   -   583   26   46,325   12,131   62,105 

Substandard

  7,615   2,075   15   8,295   30,352   49,262   22,716   120,330 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $1,940,802  $1,948,742  $462,092  $417,698  $479,498  $1,289,624  $1,570,705  $8,109,161 
Financing Receivable, Collateral Dependent [Table Text Block]
  

September 30, 2023

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $4,891  $14,719  $19,610 

Commercial real estate

  41,636   -   41,636 

Commercial construction

  8,700   -   8,700 

Residential real estate

  6,755   -   6,755 

Total

 $61,982  $14,719  $76,701 
  

December 31, 2022

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $5,352  $22,517  $27,869 

Commercial real estate

  52,477   -   52,477 

Commercial construction

  8,232   -   8,232 

Residential real estate

  5,864   -   5,864 

Total

 $71,925  $22,517  $94,442 
Financing Receivable, Past Due [Table Text Block]
  

September 30, 2023

 
  

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

 $433  $1,979  $-  $22,159  $24,571  $1,451,000  $1,475,571 

Commercial real estate

  -   597   -   29,824   30,421   5,807,118   5,837,539 

Commercial construction

  -   -   -   -   -   622,748   622,748 

Residential real estate

  227   -   -   4,076   4,303   247,113   251,416 

Consumer

  -   254   -   -   254   682   936 

Total

 $660  $2,830  $-  $56,059  $59,549  $8,128,661  $8,188,210 
  

December 31, 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

 $306  $-  $-  $25,257  $25,563  $1,447,171  $1,472,734 

Commercial real estate

  90   -   5,591   16,817   22,498   5,772,730   5,795,228 

Commercial construction

  -   -   -   -   -   574,139   574,139 

Residential real estate

  1,569   -   -   2,380   3,949   260,799   264,748 

Consumer

  -   -   -   -   -   2,312   2,312 

Total

 $1,965  $-  $5,591  $44,454  $52,010  $8,057,151  $8,109,161 
Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]
  

September 30, 2023

 
  

Commercial

  Commercial real estate  

Commercial construction

  Residential real estate  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually evaluated impairment

 $7,685  $661  $-  $-  $-  $8,346 

Collectively evaluated impairment

  19,433   52,072   3,909   3,732   5   79,151 

Acquired with deteriorated credit quality individually analyzed

  733   -   -   -   -   733 

Total

 $27,851  $52,733  $3,909  $3,732  $5  $88,230 
                         

Gross loans

                        

Individually evaluated impairment

 $24,676  $41,636  $8,700  $6,755  $-  $81,767 

Collectively evaluated impairment

  1,450,405   5,795,903   614,048   244,661   936   8,105,953 

Acquired with deteriorated credit quality individually analyzed

  490   -   -   -   -   490 

Total

 $1,475,571  $5,837,539  $622,748  $251,416  $936  $8,188,210 
  

December 31, 2022

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually evaluated impairment

 $7,426  $1,003  $-  $50  $-  $8,479 

Collectively evaluated impairment

  19,319   50,818   3,718   4,093   7   77,955 

Acquired with deteriorated credit quality individually analyzed

  2,158   1,921   -   -   -   4,079 

Total

 $28,903  $53,742  $3,718  $4,143  $7  $90,513 
                         

Gross loans

                        

Individually evaluated impairment

 $30,994  $46,886  $8,232  $5,864  $-  $91,976 

Collectively evaluated impairment

  1,436,866   5,742,751   565,907   258,884   2,312   8,006,720 

Acquired with deteriorated credit quality individually analyzed

  4,874   5,591   -   -   -   10,465 

Total

 $1,472,734  $5,795,228  $574,139  $264,748  $2,312  $8,109,161 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Three Months Ended September 30, 2023

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of June 30, 2023

 $29,326  $52,509  $3,546  $3,819  $5  $89,205 

Charge-offs

  (2,250)  (237)  -   -   -   (2,487)

Recoveries

  -   -   -   1   7   8 

Provision for (reversal of) credit losses - loans

  775   461   363   (88)  (7)  1,504 
                         

Balance as of September 30, 2023

 $27,851  $52,733  $3,909  $3,732  $5  $88,230 
  

Nine Months Ended September 30, 2023

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2022

 $28,903  $53,742  $3,718  $4,143  $7  $90,513 

Charge-offs

  (6,117)  (1,954)  -   (18)  -   (8,089)

Recoveries

  9   -   -   69   7   85 

Provision for (reversal of) credit losses - loans

  5,056   945   191   (462)  (9)  5,721 
                         

Balance as of September 30, 2023

 $27,851  $52,733  $3,909  $3,732  $5  $88,230 
  

Three Months Ended September 30, 2022

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of June 30, 2022

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

Charge-offs

  (410)  -   -   -   (3)  (413)

Recoveries

  53   -   -   -   -   53 

Provision for credit losses - loans

  1,911   6,964   31   428   4   9,338 
                         

Balance as of September 30, 2022

 $29,689  $54,526  $3,444  $4,053  $5  $91,717 
  

Nine Months Ended September 30, 2022

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2021

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

Charge-offs

  (751)  (226)  -   (9)  (3)  (989)

Recoveries

  54   -   -   63   -   117 

Provision for (reversal of) credit losses - loans

  4,417   9,163   (136)  371   1   13,816 
                         

Balance as of September 30, 2022

 $29,689  $54,526  $3,444  $4,053  $5  $91,717 
Financing Receivable, Modified [Table Text Block]
  

Nine Months Ended

 
  September 30, 2023 
  

Term Extension

  

% of Portfolio

 
  

(dollars in thousands)

 

Commercial

 $44   0.00%

Commercial real estate

  211   0.00%
Financing Receivable, Modified, Past Due [Table Text Block]
  

September 30, 2023

 
  

Current

  

Past Due 30-89 Days

  

Past Due 90 Days or More

 
  

(dollars in thousands)

 

Commercial

 $44  $-  $- 

Commercial real estate

  211   -   - 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

 
  

(dollars in thousands)

 

Balance at beginning of period

 $2,819  $2,324 

(Reversal of) provision for credit losses - unfunded commitments

  (4)  662 

Balance at end of period

 $2,815  $2,986 
  

Nine Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

 
  

(dollars in thousands)

 

Balance at beginning of period

 $3,036  $2,352 

(Reversal of) provision for credit losses - unfunded commitments

  (221)  634 

Balance at end of period

 $2,815  $2,986 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

 
  

(dollars in thousands)

 

Provision for credit losses – loans

 $1,504  $9,338 

(Reversal of) provision for credit losses - unfunded commitments

  (4)  662 

Provision for credit losses

 $1,500  $10,000 
  

Nine Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

 
  

(dollars in thousands)

 

Provision for credit losses – loans

 $5,721  $13,816 

(Reversal of) provision for credit losses - unfunded commitments

  (221)  634 

Provision for credit losses

 $5,500  $14,450