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Loans (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Schedule of Loans Held for Investment | Loans held-for-investment consist of the following as of December 31,:
| 2022 |  | 2021
Commercial | $ | 3,025,074 |  |  | $ | 2,414,787 |
Commercial real estate | 1,753,360 |  |  | 1,176,973 |
Residential real estate | 1,106,793 |  |  | 437,116 |
Consumer | 43,706 |  |  | 17,766 |
Total loans | 5,928,933 |  |  | 4,046,642 |
Deferred costs, fees, premiums, and discounts, net | (17,101) |  |  | (9,519) |
Allowance for loan losses | (65,917) |  |  | (47,547) |
Total loans, net | $ | 5,845,915 |  |  | $ | 3,989,576 |
Schedule of Allowance for Loan Losses by Portfolio Type | The following table presents the activity in the allowance for loan losses by portfolio type for the years ended December 31,:
| Commercial |  | Commercial Real Estate |  | Residential Real Estate |  | Consumer |  | Total
2022 |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 33,277 |  |  | $ | 12,899 |  |  | $ | 1,136 |  |  | $ | 235 |  |  | $ | 47,547 |
Provision for loan losses | 9,655 |  |  | 6,082 |  |  | 2,114 |  |  | 199 |  |  | 18,050 |
Loans charged off | (2,321) |  |  | — |  |  | (122) |  |  | (144) |  |  | (2,587) |
Recoveries | 2,236 |  |  | 388 |  |  | 221 |  |  | 62 |  |  | 2,907 |
Balance, end of period | $ | 42,847 |  |  | $ | 19,369 |  |  | $ | 3,349 |  |  | $ | 352 |  |  | $ | 65,917 |
2021 |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 32,009 |  |  | $ | 13,863 |  |  | $ | 1,606 |  |  | $ | 288 |  |  | $ | 47,766 |
Provision (benefit) for loan losses | 4,017 |  |  | (617) |  |  | (452) |  |  | 52 |  |  | 3,000 |
Loans charged off | (4,296) |  |  | (375) |  |  | (42) |  |  | (148) |  |  | (4,861) |
Recoveries | 1,547 |  |  | 28 |  |  | 24 |  |  | 43 |  |  | 1,642 |
Balance, end of period | $ | 33,277 |  |  | $ | 12,899 |  |  | $ | 1,136 |  |  | $ | 235 |  |  | $ | 47,547 |
2020 |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 17,509 |  |  | $ | 9,645 |  |  | $ | 1,056 |  |  | $ | 336 |  |  | $ | 28,546 |
Provision for loan losses | 17,979 |  |  | 4,527 |  |  | 474 |  |  | 120 |  |  | 23,100 |
Loans charged off | (4,064) |  |  | (581) |  |  | (39) |  |  | (216) |  |  | (4,900) |
Recoveries | 585 |  |  | 272 |  |  | 115 |  |  | 48 |  |  | 1,020 |
Balance, end of period | $ | 32,009 |  |  | $ | 13,863 |  |  | $ | 1,606 |  |  | $ | 288 |  |  | $ | 47,766 |
The following table presents the balance in the allowance for loan losses and the recorded investment by portfolio type based on impairment method for the years ended December 31,:
| Commercial |  | Commercial Real Estate |  | Residential Real Estate |  | Consumer |  | Total
2022 |  |  |  |  |  |  |  |  |
Loans: |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 14,537 |  |  | $ | 10,443 |  |  | $ | 15,739 |  |  | $ | 91 |  |  | $ | 40,810 |
Collectively evaluated for impairment | 3,010,537 |  |  | 1,742,917 |  |  | 1,091,054 |  |  | 43,615 |  |  | 5,888,123 |
Total loans | $ | 3,025,074 |  |  | $ | 1,753,360 |  |  | $ | 1,106,793 |  |  | $ | 43,706 |  |  | $ | 5,928,933 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 1,101 |  |  | $ | 189 |  |  | $ | 34 |  |  | $ | 88 |  |  | $ | 1,412 |
Collectively evaluated for impairment | 41,746 |  |  | 19,180 |  |  | 3,315 |  |  | 264 |  |  | 64,505 |
Total allowance for loan losses | $ | 42,847 |  |  | $ | 19,369 |  |  | $ | 3,349 |  |  | $ | 352 |  |  | $ | 65,917 |
2021 |  |  |  |  |  |  |  |  |
Loans: |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 17,460 |  |  | $ | 4,781 |  |  | $ | 11,479 |  |  | $ | 2 |  |  | $ | 33,722 |
Collectively evaluated for impairment | 2,397,327 |  |  | 1,172,192 |  |  | 425,637 |  |  | 17,764 |  |  | 4,012,920 |
Total loans | $ | 2,414,787 |  |  | $ | 1,176,973 |  |  | $ | 437,116 |  |  | $ | 17,766 |  |  | $ | 4,046,642 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 2,517 |  |  | $ | 12 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 2,568 |
Collectively evaluated for impairment | 30,760 |  |  | 12,887 |  |  | 1,097 |  |  | 235 |  |  | 44,979 |
Total allowance for loan losses | $ | 33,277 |  |  | $ | 12,899 |  |  | $ | 1,136 |  |  | $ | 235 |  |  | $ | 47,547 |
Schedule of Impaired Financing Receivables | The following table presents information related to impaired loans by class of loans as of December 31,:
| Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses Allocated |  | Average Recorded Investment
2022 |  |  |  |  |  |  |
With no related allowance recorded: |  |  |  |  |  |  |
Commercial | $ | 8,401 |  |  | $ | 8,207 |  |  | $ | — |  |  | $ | 5,951 |
Commercial real estate | 9,909 |  |  | 9,647 |  |  | — |  |  | 4,674 |
Residential real estate | 14,572 |  |  | 14,903 |  |  | — |  |  | 9,135 |
Consumer | — |  |  | — |  |  | — |  |  | — |
Total loans with no related allowance recorded | 32,882 |  |  | 32,757 |  |  | — |  |  | 19,760 |
With an allowance recorded: |  |  |  |  |  |  |
Commercial | 6,456 |  |  | 6,330 |  |  | 1,101 |  |  | 4,580 |
Commercial real estate | 796 |  |  | 796 |  |  | 189 |  |  | 265 |
Residential real estate | 1,210 |  |  | 836 |  |  | 34 |  |  | 279 |
Consumer | 93 |  |  | 91 |  |  | 88 |  |  | 29 |
Total loans with an allowance recorded | 8,555 |  |  | 8,053 |  |  | 1,412 |  |  | 5,153 |
Total impaired loans | $ | 41,437 |  |  | $ | 40,810 |  |  | $ | 1,412 |  |  | $ | 24,913 |
2021 |  |  |  |  |  |  |
With no related allowance recorded: |  |  |  |  |  |  |
Commercial | $ | 14,619 |  |  | $ | 13,982 |  |  | $ | — |  |  | $ | 10,637 |
Commercial real estate | 4,795 |  |  | 4,706 |  |  | — |  |  | 3,943 |
Residential real estate | 10,754 |  |  | 10,808 |  |  | — |  |  | 7,223 |
Consumer | 3 |  |  | 2 |  |  | — |  |  | 3 |
Total loans with no related allowance recorded | 30,171 |  |  | 29,498 |  |  | — |  |  | 21,806 |
With an allowance recorded: |  |  |  |  |  |  |
Commercial | 3,666 |  |  | 3,478 |  |  | 2,517 |  |  | 2,375 |
Commercial real estate | 124 |  |  | 75 |  |  | 12 |  |  | 57 |
Residential real estate | 665 |  |  | 671 |  |  | 39 |  |  | 462 |
Total loans with an allowance recorded | 4,455 |  |  | 4,224 |  |  | 2,568 |  |  | 2,894 |
Total impaired loans | $ | 34,626 |  |  | $ | 33,722 |  |  | $ | 2,568 |  |  | $ | 24,700 |
Schedule of Credit Risk Profile Based on Bank’s Rating Categories | The following table presents the credit risk profile of our loan portfolio based on our rating categories as of December 31,:
| Non-Classified |  | Classified |  | Total
2022 |  |  |  |  |
Commercial | $ | 2,969,786 |  |  | $ | 55,288 |  |  | $ | 3,025,074 |
Commercial real estate | 1,715,415 |  |  | 37,945 |  |  | 1,753,360 |
Residential real estate | 1,096,108 |  |  | 10,685 |  |  | 1,106,793 |
Consumer | 43,592 |  |  | 114 |  |  | 43,706 |
Total loans | $ | 5,824,901 |  |  | $ | 104,032 |  |  | $ | 5,928,933 |
2021 |  |  |  |  |
Commercial | $ | 2,384,275 |  |  | $ | 30,512 |  |  | $ | 2,414,787 |
Commercial real estate | 1,146,673 |  |  | 30,300 |  |  | 1,176,973 |
Residential real estate | 431,033 |  |  | 6,083 |  |  | 437,116 |
Consumer | 17,762 |  |  | 4 |  |  | 17,766 |
Total loans | $ | 3,979,743 |  |  | $ | 66,899 |  |  | $ | 4,046,642 |
Schedule of Aging of Loan Portfolio | The following table presents our loan portfolio aging analysis as of December 31,:
| Loans Not Past Due |  | Loans 30-59 Days Past Due |  | Loans 60-89 Days Past Due |  | Loans Greater than 90 Days Past Due, Still Accruing |  | Nonaccrual |  | Total
2022 |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 3,011,872 |  |  | $ | 2,422 |  |  | $ | 815 |  |  | $ | — |  |  | $ | 9,965 |  |  | $ | 3,025,074 |
Commercial real estate | 1,738,024 |  |  | 6,954 |  |  | 99 |  |  | — |  |  | 8,283 |  |  | 1,753,360 |
Residential real estate | 1,077,316 |  |  | 17,237 |  |  | 1,514 |  |  | 98 |  |  | 10,628 |  |  | 1,106,793 |
Consumer | 43,551 |  |  | 60 |  |  | 2 |  |  | — |  |  | 93 |  |  | 43,706 |
Total loans | $ | 5,870,763 |  |  | $ | 26,673 |  |  | $ | 2,430 |  |  | $ | 98 |  |  | $ | 28,969 |  |  | $ | 5,928,933 |
2021 |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 2,392,205 |  |  | $ | 5,467 |  |  | $ | 623 |  |  | $ | — |  |  | $ | 16,492 |  |  | $ | 2,414,787 |
Commercial real estate | 1,160,244 |  |  | 10,887 |  |  | — |  |  | 1,061 |  |  | 4,781 |  |  | 1,176,973 |
Residential real estate | 424,860 |  |  | 5,794 |  |  | 410 |  |  | — |  |  | 6,052 |  |  | 437,116 |
Consumer | 17,719 |  |  | 45 |  |  | — |  |  | — |  |  | 2 |  |  | 17,766 |
Total loans | $ | 3,995,028 |  |  | $ | 22,193 |  |  | $ | 1,033 |  |  | $ | 1,061 |  |  | $ | 27,327 |  |  | $ | 4,046,642 |
Schedule of Troubled Debt Restructuring | The following table presents loans by class modified as TDRs that occurred during the years ended December 31,:
| Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
2022 |  |  |  |  |
Commercial | 1 |  |  | $ | 248 |  |  | $ | 248 |
Residential real estate | 1 |  |  | 126 |  |  | 126 |
Consumer | 1 |  |  | 72 |  |  | 72 |
Total | 3 |  |  | $ | 446 |  |  | $ | 446 |
2021 |  |  |  |  |
Commercial | 7 |  |  | $ | 6,969 |  |  | $ | 6,969 |
Commercial real estate | 1 |  |  | 2,295 |  |  | 2,295 |
Residential real estate | 4 |  |  | 1,386 |  |  | 1,386 |
Total | 12 |  |  | $ | 10,650 |  |  | $ | 10,650 |

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