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Note 5 - Loans and the Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

		March 31, 2024				December 31, 2023
		(dollars in thousands)
Commercial		$	1,572,494			$	1,578,730
Commercial real estate			5,829,950				5,895,545
Commercial construction			646,593				620,496
Residential real estate			254,214				256,041
Consumer			850				1,029
Gross loans			8,304,101				8,351,841
Net deferred loan fees			(6,144	)			(6,696	)
Total loans receivable		$	8,297,957			$	8,345,145

Schedule of Loans Held-for-sale [Table Text Block]

		March 31, 2024
		Nonaccrual loans with ACL				Nonaccrual loans without ACL				Total nonaccrual loans
		(dollars in thousands)
Commercial		$	1,683			$	10,957			$	12,640
Commercial real estate			65				33,210				33,275
Residential real estate			691				832				1,523
Total		$	2,439			$	44,999			$	47,438

		December 31, 2023
		Nonaccrual loans with ACL				Nonaccrual loans without ACL				Total nonaccrual loans
		(dollars in thousands)
Commercial		$	1,763			$	11,064			$	12,827
Commercial real estate			8,013				28,179				36,192
Residential real estate			1,033				2,472				3,505
Total		$	10,809			$	41,715			$	52,524

Financing Receivable Origination And Risk Designation [Table Text Block]

		Term loans amortized cost basis by origination year
		2024				2023				2022				2021				2020				Prior				Revolving Loans				Total Gross Loans
Commercial
Pass		$	8,719			$	163,629			$	253,890			$	257,399			$	37,512			$	112,276			$	706,574			$	1,539,999
Special mention			-				-				10,687				-				18				3,945				3,184				17,834
Substandard			-				250				124				236				-				12,998				1,053				14,661
Doubtful			-				-				-				-				-				-				-				-
Total commercial		$	8,719			$	163,879			$	264,701			$	257,635			$	37,530			$	129,219			$	710,811			$	1,572,494
YTD gross charge-offs		$	-			$	-			$	300			$	-			$	-			$	-			$	-			$	300
Commercial Real Estate
Pass		$	55,180			$	247,846			$	1,557,645			$	1,564,163			$	343,799			$	1,521,233			$	478,777			$	5,768,643
Special mention			-				-				-				-				-				22,723				-				22,723
Substandard			-				-				-				1,878				-				19,921				16,785				38,584
Doubtful			-				-				-				-				-				-				-				-
Total commercial real estate		$	55,180			$	247,846			$	1,557,645			$	1,566,041			$	343,799			$	1,563,877			$	495,562			$	5,829,950
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	2,885			$	-			$	2,885
Commercial Construction
Pass		$	5,250			$	582			$	4,201			$	15,608			$	6,236			$	-			$	606,016			$	637,893
Special mention			-				-				-				-				-				-				8,700				8,700
Substandard			-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-
Total commercial construction		$	5,250			$	582			$	4,201			$	15,608			$	6,236			$	-			$	614,716			$	646,593
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Residential
Pass		$	4,466			$	15,268			$	42,558			$	21,832			$	21,396			$	107,917			$	35,797			$	249,234
Special mention			-				-				-				-				-				647				2,810				3,457
Substandard			-				-				-				547				-				735				241				1,523
Doubtful			-				-				-				-				-				-				-				-
Total residential real estate		$	4,466			$	15,268			$	42,558			$	22,379			$	21,396			$	109,299			$	38,848			$	254,214
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Consumer
Pass		$	706			$	29			$	36			$	-			$	5			$	-			$	74			$	850
Special mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-
Total consumer		$	706			$	29			$	36			$	-			$	5			$	-			$	74			$	850
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Total
Pass		$	74,321			$	427,354			$	1,858,330			$	1,859,002			$	408,948			$	1,741,426			$	1,827,238			$	8,196,619
Special mention			-				-				10,687				-				18				27,315				14,694				52,714
Substandard			-				250				124				2,661				-				33,654				18,079				54,768
Doubtful			-				-				-				-				-				-				-				-
Grand total		$	74,321			$	427,604			$	1,869,141			$	1,861,663			$	408,966			$	1,802,395			$	1,860,011			$	8,304,101
YTD gross charge-offs		$	-			$	-			$	300			$	-			$	-			$	2,885			$	-			$	3,185

		Term loans amortized cost basis by origination year
		2023				2022				2021				2020				2019				Prior				Revolving Loans				Total Gross Loans
Commercial
Pass		$	178,582			$	252,151			$	265,705			$	38,909			$	13,726			$	112,145			$	684,779			$	1,545,997
Special mention			-				10,620				-				-				562				3,417				3,199				17,798
Substandard			250				439				241				1				612				11,695				1,697				14,935
Doubtful			-				-				-				-				-				-				-				-
Total commercial		$	178,832			$	263,210			$	265,946			$	38,910			$	14,900			$	127,257			$	689,675			$	1,578,730
YTD gross charge-offs		$	54			$	3,397			$	-			$	-			$	280			$	11,094			$	63			$	14,888
Commercial real estate
Pass		$	248,660			$	1,561,841			$	1,585,109			$	352,445			$	353,391			$	1,232,240			$	497,588			$	5,831,274
Special mention			-				-				-				-				-				24,202				-				24,202
Substandard			-				-				1,888				-				1,255				20,141				16,785				40,069
Doubtful			-				-				-				-				-				-				-				-
Total commercial real estate		$	248,660			$	1,561,841			$	1,586,997			$	352,445			$	354,646			$	1,276,583			$	514,373			$	5,895,545
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	2,142			$	-			$	2,142
Commercial construction
Pass		$	582			$	5,463			$	15,645			$	6,236			$	-			$	-			$	583,870			$	611,796
Special mention			-				-				-				-				-				-				8,700				8,700
Substandard			-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-
Total commercial construction		$	582			$	5,463			$	15,645			$	6,236			$	-			$	-			$	592,570			$	620,496
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Residential real estate
Pass		$	15,455			$	42,830			$	21,987			$	21,704			$	19,896			$	91,114			$	36,082			$	249,068
Special mention			-				-				-				-				-				651				2,817				3,468
Substandard			-				-				555				-				-				2,144				806				3,505
Doubtful			-				-				-				-				-				-				-				-
Total residential real estate		$	15,455			$	42,830			$	22,542			$	21,704			$	19,896			$	93,909			$	39,705			$	256,041
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	18			$	18
Consumer
Pass		$	849			$	83			$	-			$	5			$	-			$	-			$	92			$	1,029
Special mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-
Total consumer		$	849			$	83			$	-			$	5			$	-			$	-			$	92			$	1,029
YTD gross charge-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	1			$	1
Total
Pass		$	444,128			$	1,862,368			$	1,888,446			$	419,299			$	387,013			$	1,435,499			$	1,802,411			$	8,239,164
Special mention			-				10,620				-				-				562				28,270				14,716				54,168
Substandard			250				439				2,684				1				1,867				33,980				19,288				58,509
Doubtful			-				-				-				-				-				-				-				-
Grand total		$	444,378			$	1,873,427			$	1,891,130			$	419,300			$	389,442			$	1,497,749			$	1,836,415			$	8,351,841
YTD gross charge-offs		$	54			$	3,397			$	-			$	-			$	280			$	13,236			$	82			$	17,049

Financing Receivable, Collateral Dependent [Table Text Block]

		March 31, 2024
		Real Estate				Other				Total
		(dollars in thousands)
Commercial		$	1,700			$	10,280			$	11,980
Commercial real estate			33,210				-				33,210
Commercial construction			-				-				-
Residential real estate			832				-				832
Total		$	35,742			$	10,280			$	46,022

		December 31, 2023
		Real Estate				Other				Total
		(dollars in thousands)
Commercial		$	4,949			$	10,387			$	15,336
Commercial real estate			39,986				-				39,986
Commercial construction			8,700				-				8,700
Residential real estate			5,941				-				5,941
Total		$	59,576			$	10,387			$	69,963

Financing Receivable, Past Due [Table Text Block]

		March 31, 2024
		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		$	495			$	-			$	-			$	12,640			$	13,135			$	1,559,359			$	1,572,494
Commercial real estate			525				-				-				33,275				33,800				5,796,150				5,829,950
Commercial construction			-				-				23,600				-				23,600				622,993				646,593
Residential real estate			1,942				-				-				1,523				3,465				250,749				254,214
Consumer			99				-				-				-				99				751				850
Total		$	3,061			$	-			$	23,600			$	47,438			$	74,099			$	8,230,002			$	8,304,101

As of March 31, 2024, one loan for $23.6 million was past due more than 90 days and still accruing; the loan is well-secured at a loan-to-value of approximately 60% and is in the process of collection.

		December 31, 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		$	555			$	-			$	-			$	12,827			$	13,382			$	1,565,348			$	1,578,730
Commercial real estate			527				-				-				36,192				36,719				5,858,826				5,895,545
Commercial construction			-				23,600				-				-				23,600				596,896				620,496
Residential real estate			275				226				-				3,505				4,006				252,035				256,041
Consumer			-				-				-				-				-				1,029				1,029
Total		$	1,357			$	23,826			$	-			$	52,524			$	77,707			$	8,274,134			$	8,351,841

Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]

		March 31, 2024
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Total
		(dollars in thousands)
Allowance for credit losses - loans
Individually analyzed		$	-			$	-			$	-			$	-			$	-			$	-
Collectively evaluated			20,475				52,794				5,011				4,326				3				82,609
Acquired with deteriorated credit quality			260				-				-				-				-				260
Total		$	20,735			$	52,794			$	5,011			$	4,326			$	3			$	82,869
Gross loans
Individually analyzed		$	11,980			$	33,210			$	-			$	832			$	-			$	46,022
Collectively evaluated			1,560,040				5,796,740				646,593				253,382				850				8,257,605
Acquired with deteriorated credit quality			474				-				-				-				-				474
Total		$	1,572,494			$	5,829,950			$	646,593			$	254,214			$	850			$	8,304,101

		December 31, 2023
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Total
		(dollars in thousands)
Allowance for credit losses - loans
Individually analyzed		$	-			$	941			$	-			$	-			$	-			$	941
Collectively evaluated			20,215				51,337				4,739				4,320				5				80,616
Acquired with deteriorated credit quality			417				-				-				-				-				417
Total		$	20,632			$	52,278			$	4,739			$	4,320			$	5			$	81,974
Gross loans
Individually analyzed		$	15,336			$	39,986			$	8,700			$	5,941			$	-			$	69,963
Collectively evaluated			1,562,910				5,855,559				611,796				250,100				1,029				8,281,394
Acquired with deteriorated credit quality			484				-				-				-				-				484
Total		$	1,578,730			$	5,895,545			$	620,496			$	256,041			$	1,029			$	8,351,841

Financing Receivable, Allowance for Credit Loss [Table Text Block]

		Three Months Ended March 31, 2024
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Total
		(dollars in thousands)
Balance as of December 31, 2023		$	20,632			$	52,278			$	4,739			$	4,320			$	5			$	81,974
Charge-offs			(300	)			(2,885	)			-				-				-				(3,185	)
Recoveries			23				-				-				-				-				23
Provision for (reversal of) credit losses - loans			380				3,401				272				6				(2	)			4,057
Balance as of March 31, 2024		$	20,735			$	52,794			$	5,011			$	4,326			$	3			$	82,869

		Three Months Ended March 31, 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			(2,767	)			(1,717	)			-				-				-				(4,484	)
Recoveries			-				-				-				1				-				1
Provision for (reversal of) credit losses - loans			26				975				248				(276	)			(1	)			972
Balance as of March 31, 2023		$	26,162			$	53,000			$	3,966			$	3,868			$	6			$	87,002

Financing Receivable, Modified [Table Text Block]

		Three Months Ended
		March 31, 2024
		Term Extension				Payment Deferral				Interest Rate Reduction				Total				% of Portfolio Loan Segment
		(dollars in thousands)
Commercial		$	-			$	126			$	-			$	126				0.01	%

		Three Months Ended
		March 31, 2023
		Term Extension				Payment Deferral				Interest Rate Reduction				Total				% of Portfolio Loan Segment
		(dollars in thousands)
Commercial		$	63			$	-			$	-			$	63				0.01	%

Financing Receivable, Modified, Past Due [Table Text Block]

		March 31, 2024
		Current				30-89 Days Past Due				90 Days or Greater Past Due and Still Accruing
		(dollars in thousands)
Commercial		$	126			$	-			$	-

		March 31, 2023
		Current				30-89 Days Past Due				90 Days or Greater Past Due and Still Accruing
		(dollars in thousands)
Commercial		$	63			$	-			$	-

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

		Three Months Ended				Three Months Ended
		March 31,				March 31,
		2024				2023
		(dollars in thousands)
Balance at beginning of period		$	2,811			$	3,036
(Reversal of) provision for credit losses - unfunded commitments			(57	)			28
Balance at end of period		$	2,754			$	3,064

Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]

		Three Months Ended				Three Months Ended
		March 31,				March 31,
		2024				2023
		(dollars in thousands)
Provision for credit losses – loans		$	4,057			$	972
(Reversal of) provision for credit losses - unfunded commitments			(57	)			28
Provision for credit losses		$	4,000			$	1,000

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